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October 22, 2021

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Walmart’s corporate workers to start returning to offices next month

Reuters
The logo of a Walmart Superstore is seen during the outbreak of the coronavirus disease (COVID-19), in Rosemead, California, U.S., June 11, 2020. Picture taken June 11, 2020. REUTERS/Mario Anzuoni/Files Oct 22 (Reuters) – Walmart Inc’s (WMT.N) U.S. corporate workers will start working at the retailer’s offices from Nov. 8......

British gas pumps still dry, pig cull fears grow

Reuters
A worker guides vehicles into the forecourt as they queue to refill at a fuel station in London, Britain, September 30, 2021. REUTERS/Hannah McKay Many gas stations still closed – Reuters reporters Britain says crisis stabilising More than a quarter of gas stations dry Pig cull fears: farmers warn butcher......

Pandemic recovery fuels deal craze as third-quarter M&A breaks all records

Reuters
Global M&A hits all-time peak of $1.52 trillion in Q3 Cheap financing drives desire for transformative deals Volumes double in Europe driven by private-equity buyouts U.S. activity up 32% to $581 billion, Asia Pacific up 21% Frantic dealmaking surpasses all full-year records LONDON, Sept 30 (Reuters) – Global mergers and......

Drug distributors strike 1st opioid settlement with Native American tribe for $75 mln

Reuters
Sept 28 (Reuters) – The three largest U.S. drug distributors will pay more than $75 million to resolve claims they fueled an opioid epidemic in the Cherokee Nation’s territory in Oklahoma, marking the first settlement with a tribal government in the litigation over the U.S. addiction crisis. Cherokee Nation Principal......

Britain puts military on standby as panic buying leaves pumps dry

Reuters
Army tanker drivers to be deployed if needed Trucker shortage has hit supply chains Britain says will extend some HGV licences Industry says hopes situation will stabilise LONDON, Sept 28 (Reuters) – Britain put the army on standby to deliver fuel from Tuesday after an acute shortage of truckers triggered......

Aldi UK to invest $1.8 bln to accelerate growth

Reuters
Abdelaziz Abdou, a Deliveroo delivery rider, poses with a bag of Aldi groceries in London, Britain, June 17, 2020. Picture taken June 17. REUTERS/Toby Melville/File Photo LONDON, Sept 27 (Reuters) – The British and Irish arm of German discount supermarket group Aldi said on Monday it would invest 1.3 billion......

Britain expected to ease visa rules as truck driver shortage bites

Reuters
LONDON, Sept 25 (Reuters) – Britain is expected to announce plans to issue temporary work visas to truck drivers to ease an acute labour shortage that has led to fuel rationing at hundreds of gas stations and long queues to fill up – with pumps running dry in some places.......

Britain has 10 days to save Christmas, retail sector says

Reuters
Retail industry warns of significant disruption Queues form at some petrol stations – Reuters reporters Britain to boost HGV driver testing British ministers to meet on easing rules Hauliers: there is no quick fix LONDON, Sept 24 (Reuters) – Britain’s retail industry warned the government on Friday that unless it......

Tennessee supermarket shooting leaves 2 dead, including gunman, 12 injured

Reuters
Sept 23 (Reuters) – A gunman opened fire at a supermarket in suburban Memphis, Tennessee, on Thursday, killing one person and wounding at least 12 before apparently taking his own life, the police chief said. Law enforcement officers swarmed to the scene just after the shooting unfolded at a Kroger......

UK strikes deal for CO2 producer CF to restart operations

Reuters
A general view of the CF industries plant in Billingham, Britain September 20, 2021. REUTERS/Lee Smith LONDON, Sept 21 (Reuters) – Britain has struck a deal with CF Industries for the American company to restart the production of carbon dioxide (CO2) after soaring gas prices forced it to halt operations,......

Marketmind: Watch those spiralling gas prices

Reuters
Fuel prices are displayed at a gas station in Copacabana beach in Rio de Janeiro, Brazil, September 2, 2021. REUTERS/Ricardo Moraes/Files A look at the day ahead from Sujata Rao. A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from......

Banks beware, outsiders are cracking the code for finance

Reuters
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......

Thousands of migrants camp under Texas bridge, food scarce

Reuters
CIUDAD ACUÑA, MEXICO, Sept 16 (Reuters) – Ernesto, a 31-year-old Haitian migrant, waded knee-deep through the Rio Grande river that separates the United States and Mexico. He was not heading to the United States, though. He was leaving a migrant encampment in Del Rio, Texas, on Thursday to slip back......

Britain’s M&S blames Brexit for closing French food stores

Reuters
M&S to close 11 food stores run with SFH Will retain nine stores run with Lagardere M&S says new rules make it ‘near impossible’ LONDON, Sept 16 (Reuters) – British retailer Marks & Spencer (MKS.L) said it would close all 11 French franchise food stores it runs with its partner......

Britain’s John Lewis, Co-op lament supply chain disruptions

Reuters
Shoppers pass a branch of John Lewis in London, Britain, September 15, 2016. REUTERS/Toby Melville/Files John Lewis warns of ‘significant uncertainty’ Co-op says crisis will impact full year profit LONDON, Sept 16 (Reuters) – British retailers John Lewis Partnership and the Co-operative Group both warned that creaking supply chains would......

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......

Amazon boosts hourly pay to over $18, to hire 125,000 workers

Reuters
The logo of Amazon is pictured inside the company’s office in Bengaluru, India, April 20, 2018. REUTERS/Abhishek N. Chinnappa Sept 14 (Reuters) – Amazon.com Inc (AMZN.O) hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers......

UK takes friendly fire in latest vaccine spat

Reuters
A nurse fills a syringe with Pfizer vaccine as mobile vaccination teams begin visiting every Los Angeles Unified middle and high school campus to deliver first and second doses of the coronavirus disease (COVID-19) vaccines in Los Angeles, California, U.S., August 30, 2021. REUTERS/Mike Blake/File Photo LONDON, Sept 13 (Reuters......

JD.com says founder Liu to step away from day-to-day operations

Reuters
SHANGHAI, Sept 6 (Reuters) – China’s JD.com (9618.HK) said on Monday founder and chief executive Richard Liu will switch his focus to the e-commerce giant’s long-term strategy, creating the new role of president to run the company’s day-to-day operations. The move comes as several other founders of China’s tech companies......

Drug companies say enough U.S. states join $26 bln opioid settlement to proceed

Reuters
Sept 4 (Reuters) – Three large U.S. drug distributors and the drugmaker Johnson & Johnson (JNJ.N) will move forward with a proposed $26 billion settlement resolving claims that they fueled the opioid epidemic after eight states joined the deal, according to letters on Saturday reviewed by Reuters. Reporting by Nate......

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