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July 16, 2021

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U.S. officials look to address transportation supply chain issues

Reuters
WASHINGTON, July 16 (Reuters) – U.S. Transportation Secretary Pete Buttigieg is looking at ways to address supply chain disruptions – from clogged ports to addressing the shortage of truck drivers. President Joe Biden issued an executive order in February on supply chain issues. In June, the White House unveiled a......

U.S. FDA sets January target to decide on approval of Pfizer’s COVID-19 shot

Reuters
Syringe and vial are seen in front of displayed new Pfizer logo in this illustration taken, June 24, 2021. REUTERS/Dado Ruvic/Illustration July 16 (Reuters) – The U.S. health regulator will review Pfizer (PFE.N) and German partner BioNTech SE’s (22UAy.DE) application for full approval of their COVID-19 vaccine in people 16......

Delta COVID variant now dominant strain worldwide, U.S. deaths surge -officials

Reuters
July 16 (Reuters) – The Delta variant of COVID-19 is now the dominant strain worldwide, accompanied by a surge of deaths around the United States almost entirely among unvaccinated people, U.S. officials said on Friday. U.S. cases of COVID-19 are up 70% over the previous week and deaths are up......

U.S. retail sales unexpectedly rise in June

Reuters
Customers visit Macy’s flagship store in New York City, New York, U.S., May 20, 2021. REUTERS/Eduardo Munoz WASHINGTON, July 16 (Reuters) – U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, bolstering expectations that economic growth accelerated in......

Xiaomi trumps Apple to become world’s No. 2 smartphone maker – Canalys

Reuters
July 16 (Reuters) – Chinese smartphone maker Xiaomi Corp (1810.HK) overtook Apple Inc (AAPL.O) in the second quarter to become the world’s No. 2 smartphone maker, market research firm Canalys said in a report on Thursday. Xiaomi took the second spot for the first time with 17% share of worldwide......

The Warthog and the senator: The politics of retiring a warplane

Reuters
A pair of U.S. Air Force tank busting A-10A Thunderbolt II jets, also known as the Warthog, fly in an undated file photo. REUTERS/U.S. Air Force/File Photo WASHINGTON, July 16 (Reuters) – The U.S. Air Force is desperate to get rid of some of its fleet of expensive, slow and......

Zomato’s $1.3 bln India stock offering draws strong investor demand

Reuters
MUMBAI, July 16 (Reuters) – A $1.3 billion stock offering by Indian food delivery startup Zomato, backed by China’s Ant Group (688688.SS) was more than 26 times oversubscribed before the offer closed on Friday, as investors placed bets on a fast-growing sector. The first IPO in India’s food delivery sector......

Ericsson’s 5G march hits a wall in China

Reuters
Quarterly sales fell for the first time in three years Sales in mainland China declined by 2.5 billion crowns Signs $8.3 billion five-year 5G contract with Verizon STOCKHOLM, July 16 (Reuters) – Sweden’s Ericsson (ERICb.ST) on Friday reported second-quarter core earnings below market estimates, as strong sales of 5G equipment......

Samsung considering another Texas location for $17 bln chip factory – document

Reuters
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji SEOUL, July 16 (Reuters) – Samsung Electronics (005930.KS) has applied for tax breaks to potentially build its planned $17 billion U.S. chip factory in a location in Texas......

Dollar on course for weekly gain; kiwi leaps with inflation

Reuters
U.S. dollar index heads for 0.5% weekly rise Virus jitters, rates outlook keeps USD supported NZD jumps as inflation surges to decade-high SINGAPORE, July 16 (Reuters) – The dollar headed on Friday for its best weekly gain in about a month, supported by buying on investor worries about quicker U.S.......

U.S. seeks to speed rooftop solar growth with instant permits

Reuters
Solar panels are seen on rooftops amid the coronavirus disease (COVID-19) outbreak, in Santa Clarita, near Los Angeles, California, U.S., June 18, 2020. REUTERS/Lucy Nicholson/File Photo July 15 (Reuters) – The Biden administration on Thursday will roll out a tool that enables instant local permitting of rooftop solar installations, addressing......

Biogen Alzheimer’s drug hits roadblocks with some hospitals, insurers

Reuters
July 15 (Reuters) – Biogen Inc’s (BIIB.O) Alzheimer’s drug, the first new treatment for the memory-robbing disease in nearly 20 years, hit new barriers on Thursday with some large hospitals declining to use it and health insurers delaying a decision while awaiting coverage terms from Medicare. An influential panel of......

U.S. top diplomat calls Lebanon’s failure to form government ‘disappointing’

Reuters
U.S. Secretary of State Antony Blinken delivers remarks at the National Security Commission on Artificial Intelligence (NSCAI) Global Emerging Technology Summit in Washington, DC, U.S. July 13, 2021. Jim Watson/Pool via REUTERS WASHINGTON, July 15 (Reuters) – U.S. Secretary of State Antony Blinken said Lebanese politician Saad al-Hariri’s announcement on......

Intel in talks to buy GlobalFoundries for about $30 billion – WSJ

Reuters
An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus/File Photo July 15 (Reuters) – Intel Corp (INTC.O) is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion, the Wall Street......

Ray-Ban maker Luxottica accused of anti-union behaviour at U.S. Georgia plant

Reuters
The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi/ MILAN, July 15 (Reuters) – U.S. and international unions have accused Ray-Ban maker Luxottica, the Italian arm of eyewear giant EssilorLuxottica (ESLX.PA), of violating workers’ right to unionise......

U.S. Senate scrambles to finish infrastructure bill ahead of vote

Reuters
U.S. Senate Majority Leader Chuck Schumer (D-NY) faces reporters following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, U.S., July 13, 2021. REUTERS/Elizabeth Frantz WASHINGTON, July 15 (Reuters) – The U.S. Senate majority leader pressed lawmakers on Thursday to make progress on President Joe Biden’s agenda,......

TD says U.S. online banking glitch fixed, cites service provider issues

Reuters
A Toronto-Dominion Bank (TD) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie/File Photo TORONTO, July 15 (Reuters) – Toronto-Dominion Bank (TD.TO)has resolved technical problems caused by issues at a service provider, that affected its U.S. customers and employees on Thursday, the Canadian......

White House slams Facebook as conduit for COVID-19 misinformation

Reuters
WASHINGTON, July 15 (Reuters) – Facebook is not doing enough to stop the spread of false claims about COVID-19 and vaccines, White House press secretary Jen Psaki said on Thursday, part of a new administration pushback on misinformation in the United States. Facebook, which owns Instagram and WhatsApp, needs to......

Facebook says Iranian hackers used site in spying on U.S. military personnel

Reuters
A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic July 15 (Reuters) – Facebook (FB.O) said on Thursday it had taken down about 200 accounts run by a group of hackers in Iran as part of a cyber-spying operation that targeted mostly......

Self-driving startup Aurora to go public in $13 bln SPAC deal

Reuters
July 15 (Reuters) – Self-driving technology startup Aurora will go public through a deal with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, giving the combined company a pro-forma market capitalization of $13 billion. The deal with Reinvent Technology Partners Y (RTPY.O) will include a......

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