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October 18, 2021

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Britain’s chicken king says the 20-year binge on cheap food is over

Reuters
Food price inflation will hit double digits Costs are soaring – chicken king says Problems are global – finance minister says There will be enough goods – finmin says LONDON, Oct 14 (Reuters) – Britain’s 20-year binge on cheap food is coming to an end and food price inflation could......

After Wild West start, scooter providers chase scale to survive

Reuters
LONDON, Oct 14 (Reuters) – The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt badly by global coronavirus lockdowns last year, companies offering by-the-minute rental of e-scooters say......

G7 finance officials endorse principles for central bank digital currencies

Reuters
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration WASHINGTON, Oct 13 (Reuters) – G7 finance officials on Wednesday endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of......

U.S. jail violated civil rights of Capitol riot defendant, judge says

Reuters
WASHINGTON, Oct 13 (Reuters) – A federal judge on Wednesday held top officials at the Washington, D.C., Department of Corrections in civil contempt, after ruling they violated the civil rights of a U.S. Capitol riot defendant by impeding his access to medical care. “It is more than just inept and......

Binance to halt Chinese yuan trading amid Beijing’s crypto crackdown

Reuters
Binance logo and stock graph are displayed in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration SHANGHAI, Oct 13 (Reuters) – Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese......

U.S. to lift Canada, Mexico land border restrictions in Nov for vaccinated visitors -officials

Reuters
A U.S. and a Canadian flag flutter at the Canada-United States border crossing at the Thousand Islands Bridge, which remains closed to non-essential traffic to combat the spread of the coronavirus disease (COVID-19) in Lansdowne, Ontario, Canada September 28, 2020. REUTERS/Lars Hagberg/File Photo WASHINGTON, Oct 12 (Reuters) – The United......

EXCLUSIVE U.S. SEC opens inquiry into Wall Street banks’ staff communications -sources

Reuters
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON,......

U.S. FDA authorizes new e-cigarette products from BAT unit

Reuters
Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Oct 12 (Reuters) – The U.S. Food and Drug Administration on Tuesday authorized the marketing of some new e-cigarette products by R.J. Reynolds Vapor Co, a unit......

UK energy regulator to unveil more supplier collapses – Sky News

Reuters
The sun rises behind electricity pylons near Chester, northern England October 24, 2011. REUTERS/Phil Noble//File Photo Oct 12 (Reuters) – British energy regulator Ofgem is expected to announce fresh supplier collapses as early as Wednesday, Sky News reported, after the watchdog warned last week that more companies could go bust......

Billionaire Alibaba founder Jack Ma reappears in Hong Kong – sources

Reuters
Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front of a picture of SoftBank’s human-like robot named ‘pepper’ during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino HONG KONG, Oct 12 (Reuters) – Alibaba Group (9988.HK) founder Jack Ma, largely out of public......

China to liberalise coal-fired power pricing to tackle energy crisis

Reuters
A chimney of a China Energy coal-fired power plant is pictured in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu Wang All coal-fired electricity to be traded via market Price reform expected to increase power supply -NDRC official BEIJING, Oct 12 (Reuters) – China will further liberalise pricing for coal-fired......

Texas governor bars all COVID-19 vaccine mandates in state, rips Biden for ‘bullying’

Reuters
Oct 11 (Reuters) – Republican Texas Governor Greg Abbott, responding to what he called “bullying” by the Biden Administration, on Monday barred all COVID-19 vaccine mandates in the state by any entity, including private employers. Abbott’s move sets him up for a clash with President Joe Biden, a Democrat who......

JPMorgan’s Dimon blasts bitcoin as ‘worthless’, due for regulation

Reuters
NEW YORK, Oct 11 (Reuters) – Jamie Dimon, JPMorgan Chase & Co (JPM.N) chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is “worthless.” “No matter what anyone thinks about it, government is going to regulate it. They......

Two Norway wind farms lose licence in landmark ruling over indigenous rights

Reuters
OSLO, Oct 11 (Reuters) – Norway’s supreme court stripped two wind farms of their operating licences on Monday in a case that could boost the legal rights of the country’s indigenous Sami people. Reindeer herders in Norway argue the sight and sound of wind turbines frighten animals grazing nearby and......

China’s bond markets slump again as new Evergrande deadline passes

Reuters
An exterior view of the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, September 29, 2021. REUTERS/Aly Song Evergrande looks set to miss third round of bond payments Some offshore bondholders have not had payment – sources Modern Land asks investors to push back bond payment Sinic warns......

China to set assessment measures to regulate data sent abroad by cars

Reuters
A Tesla electric vehicle (EV) drives past a crossing in Shanghai, China March 9, 2021. REUTERS/Aly Song BEIJING, Oct 11 (Reuters) – China, the world’s biggest auto market, said on Monday it will roll out assessment measures to regulate data sent abroad by vehicles, as the country steps up efforts......

China’s Ant Group increases registered capital by 47% to $5.4 bln

Reuters
A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China, July 8, 2021. REUTERS/Yilei Sun/File Photo BEIJING, Oct 11 (Reuters) – China’s Ant Group has raised its registered capital to 35 billion yuan ($5.44 billion) from 23.8 billion yuan, public business registration......

Facebook will try to ‘nudge’ teens away from harmful content

Reuters
WASHINGTON, Oct 10 (Reuters) – A Facebook Inc (FB.O) executive said Sunday that the company would introduce new measures on its apps to prompt teens away from harmful content, as U.S lawmakers scrutinize how Facebook and subsidiaries like Instagram affect young people’s mental health. Nick Clegg, Facebook’s vice president of......

Russian plane carrying parachutists crashes, 16 killed

Reuters
MOSCOW, Oct 10 (Reuters) – A plane carrying a group of parachute jumpers crashed after takeoff in the Russian region of Tatarstan early on Sunday, killing 16 people and injuring six, the Emergencies Ministry said. At a height of 70 metres, the pilots reported that their left engine had failed......

China presses U.S. to cancel tariffs in test of bilateral engagement

Reuters
WASHINGTON, Oct 8 (Reuters) – China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a test of bilateral engagement between the world’s biggest economies. The virtual talks between U.S. Trade Representative Katherine Tai and China’s......

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