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November 30, 2021

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Telecom Italia loses CEO in boardroom clash after KKR offer

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to reuters.com Register TIM Brazil head Labriola named director general KKR has tabled $12 billion proposal to take TIM private Under fire from top investor, CEO offers......

Wall Street sees first Fed climate change review in 2023

Reuters
Climate change activists voice their opposition to U.S. President Joe Biden reappointing Jerome Powell to serve a second four-year term as the chairman of the Federal Reserve and demand Biden appoint a climate advocate, during a rally outside the Federal Reserve in Washington, U.S., October 29, 2021. REUTERS/Leah Millis WASHINGTON, Nov......

UPDATE In Ivory Coast, a battle to save cocoa-ravaged forests

Reuters
DJIGBADJI, Ivory Coast, Nov 17 (Reuters) – This cocoa-growing settlement was all but destroyed last year by Ivorian forest agents, leaving farmers to rake through their beans amid broken concrete and other remnants. “They set the whole village on fire,” said Alexis Kouassi Akpoue, describing the day in January 2020......

Puppy love: How pet parents cope with costs

Reuters
NEW YORK, Nov 15 (Reuters) – When Pamela Keniston sits down to do her monthly budget, she has a new element to account for these days. Hint: Short blonde fur, barks fiercely at bunnies and goes by the name of Zuzu. The lovable “supermutt” – a mix of Yorkie, Maltese,......

The New Masters: How auction houses are chasing crypto millions

Reuters
LONDON, Nov 8 (Reuters) – Little could James Christie have known some 240 years ago, as he sold masterpieces by Rembrandt and Rubens to Catherine the Great, that his auction house would one day offer virtual apes to a crypto company for over $1 million. Nor would Sotheby’s founder Samuel......

Jack Ma, Trump and Xi: How the Chinese billionaire flew close to the sun

Reuters
HONG KONG, Nov 5 (Reuters) – This was supposed to be Jack Ma’s finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China’s biggest......

Amazon takes another swipe at union as Alabama rematch looms

Reuters
Nov 4 (Reuters) – Earlier this year, Amazon.com Inc (AMZN.O) handily defeated a historic union drive at a warehouse in Bessemer, Alabama. But with the prospect of another vote looming, the online retailer is leaving nothing to chance. Over the past few weeks, Amazon has ramped up its campaign at......

Facebook will shut down facial recognition system

Reuters
A 3D printed Facebook’s new rebrand logo Meta and Facebook logo are seen in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration Nov 2 (Reuters) – Facebook Inc (FB.O) announced on Tuesday it is shutting down its facial recognition system, which automatically identifies users in photos and videos, citing......

EXCLUSIVE The king of oil bets on batteries for a green world

Reuters
Alex Beard, head of oil at trading firm Glencore, looks on during an interview in Tlalnepantla, state of Mexico, Mexico, August 17, 2017. REUTERS/Ginnette Riquelme/File Photo Beard’s fund to invest in UK battery storage Batteries can cushion shocks and help power trading UK facing energy crisis LONDON, Sept 30 (Reuters)......

EU says U.S. trade, tech council to boost its clout, set rules for 21st century

Reuters
U.S. President Joe Biden walks with European Council President Charles Michel and European Commission President Ursula von der Leyen during the EU-U.S. summit, in Brussels, Belgium June 15, 2021. REUTERS/Yves Herman/File Photo BRUSSELS, Sept 26 (Reuters) – The U.S.-EU Trade and Technology Council (TTC) will give Europe more clout and......

Carlyle CEO says firm is committed to China

Reuters
NEW YORK, Sept 22 (Reuters) – Carlyle Group Inc (CG.O) Chief Executive Kewsong Lee said on Wednesday that the U.S. private equity firm will remain a long-term investor in China despite “bumps” that have unnerved some investors. Beijing authorities have rolled out restrictions in the last few weeks on companies,......

Soaring gas prices ripple through heavy industry, supply chains

Reuters
LONDON, Sept 22 (Reuters) – Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers. Some......

Uber could post first adjusted profit this quarter as cab demand returns

Reuters
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Sept 21 (Reuters) – Uber Technologies Inc (UBER.N) could post its first profit on an adjusted basis for......

At unfinished Evergrande apartments in central China, buyers seek answers

Reuters
LUOYANG, China, Sept 17 (Reuters) – A steady stream of anxious apartment buyers flowed into the sales office of the Evergrande Oasis complex outside the city of Luoyang this week, seeking answers after construction was halted by the giant developer’s severe cash crunch. Work on the five-tower condominium and 16......

Biden to meet U.S. CEOs in ‘rallying cry’ for vaccine mandates

Reuters
WASHINGTON, Sept 15 (Reuters) – U.S. President Joe Biden was scheduled to meet on Wednesday with business leaders and CEOs, as he pushes companies to require workers to be vaccinated amid a surge in COVID-19 infections among those not yet inoculated. Biden last week announced vaccine mandates for all federal......

EXCLUSIVE Snap Inc hires first global head of platform safety

Reuters
Snapchat app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 15 (Reuters) – Snapchat’s owner has hired a longtime online safety advocate as its first global head of platform safety, Snap Inc told Reuters on Wednesday, as the company continues to ramp......

TurboTax maker Intuit to buy Mailchimp for about $12 bln in a data play

Reuters
An Intuit office is shown in San Diego, California August 21, 2015. REUTERS/Mike Blake Sept 13 (Reuters) – Intuit Inc (INTU.O), known for its small-business accounting and DIY tax-filing software, said on Monday it will acquire digital marketing company Mailchimp for about $12 billion in a cash-and-stock deal. The deal,......

Great Reboot: Germany’s auto show tries for more climate friendly image

Reuters
MUNICH, Sept 5 (Reuters) – Germany’s biggest motor show, taking place in Munich this week, is no longer just about cars. This year’s IAA show, the first major motor industry event worldwide since the COVID-19 pandemic, wants to be about mobility in general, from bikes to e-scooters to cars. “Climate-friendly......

Amazon’s new union battle: Teamsters go local to snarl expansion

Reuters
SAN FRANCISCO, Sept 1 (Reuters) – In June, the International Brotherhood of Teamsters, one of the nation’s largest and most influential unions, vowed to make organizing the Amazon.com Inc (AMZN.O) workforce a top priority. Two months later, details of the Teamsters’ ground game are starting to take shape, Reuters has......

McDonald’s, others consider closing indoor seating amid Delta surge in U.S.

Reuters
NEW YORK, Aug 30 (Reuters) – Some U.S. fast-food restaurants are closing indoor seating areas or limiting hours of operation because of the spread of the Delta variant of COVID-19, according to franchisees. McDonald’s Corp (MCD.N) had temporarily closed indoor dining at nearly all U.S. locations in early 2020, but......

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