WASHINGTON (Reuters) – Smartphone maker Apple has written to lawmakers to dispute assertions that its concerns about the dangers of sideloading apps into phones were overblown. Sideloading, the practice of downloading apps without using an app store, is among the reforms that lawmakers hope will open up the market for apps. Congress is currently considering…
MEXICO CITY (Reuters) – Mexico’s year-on-year inflation likely accelerated in February after cooling slightly over the previous two months, a Reuters poll showed Friday, reinforcing expectations that the central bank will continue to raise its key interest rate. The consensus forecast of 11 analysts surveyed was for inflation to grow to 7.23% from 7.07% in…
By Jonnelle Marte (Reuters) – In the two years since the COVID-19 pandemic upended the U.S. economy, the labor market has rebounded far faster than most had predicted after roughly 22 million jobs were wiped out in the space of two months in the spring of 2020. As remarkable as the rebound has proven to…
SAN RAMON, Calif. (AP) — Apple’s shareholders have approved a proposal urging the iPhone maker to undergo an independent audit assessing its treatment of female and minority employees, delivering a rare rebuke to a management team that runs the world’s most valuable company. The measure passed Friday during Apple’s annual meeting is nonbinding, so the…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday the Biden administration’s economic agenda will not only expand the productive capacity of the U.S. economy, but can propel faster growth by reducing economic and racial disparities. In remarks to a Stanford University economics conference, Yellen provided more details on the approach she has…
WARSAW (Reuters) – There is no risk that the Polish zloty will remain weak in the long-term, Poland’s prime minister said on Friday, adding the government was working on measures that would support the country’s economy, which was hit after the Russian invasion of Ukraine. The Polish currency has been under pressure since Russia began…
By Elizabeth Culliford (Reuters) – Russia is blocking Meta Platforms Inc’s Facebook, the country’s communications regulator said on Friday, in response to what it said were restrictions on access to Russian media on the platform. The regulator, Roskomnadzor, said there had been 26 cases of discrimination against Russian media by Facebook since October 2020, with…
MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo said it was determined to support customers of its Ukrainian subsidiary Pravex Bank and was opening branches in the country to provide essential services whenever it was safe to do so. With 780 staff and around 45 branches, Intesa is the only Italian bank operating in Ukraine….
By Nadine Schimroszik and Christoph Steitz POTSDAM, Germany (Reuters) -Tesla received a conditional go-ahead for its German gigafactory near Berlin on Friday, the state of Brandenburg said, ending months of delay for the 5 billion euro ($5.5 billion) landmark plant. The gigafactory, which is key to Tesla CEO Elon Musk’s ambitions to vanquish European market…
(Reuters) -Russian lender TCS Group Holding on Friday said it was benefitting from increased liquidity as volatility and outflows hit its sanctioned rivals, and that central bank efforts to support the embattled sector were bearing results. Major banks have been excluded from the SWIFT global messaging network, making it hard for lenders and companies to…
