By Selena Li HONG KONG (Reuters) – Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs and that further restrictions could cause supply chain disruptions. The dollar pulled back from strong overnight gains on Tuesday while oil took a pause from…
By Yousef Saba DUBAI (Reuters) – Dubai’s main airport on Tuesday raised its passenger forecast for this year by nearly two million to 64.3 million people after a strong pick up in business in the third quarter from the same period last year. DXB, a major gateway for international travel, handled nearly 18.5 million passengers…
CANBERRA, Australia (AP) — Australia’s Parliament passed bilateral free trade agreements with India and Britain on Tuesday, leaving those partner nations to bring the deals into force. The deals are crucial for Australia to diversify its exports from the troubled Chinese market to India and to Britain’s need to forge new bilateral trade relations since…
WASHINGTON (Reuters) -Penguin Random House, the world’s largest book publisher, and smaller U.S. rival Simon & Schuster have scrapped a $2.2 billion deal to merge, Penguin owner Bertelsmann announced on Monday. Bertelsmann, a German media group which owns Penguin, initially said it would appeal a U.S. judge’s decision that said its purchase of Simon &…
(Reuters) – Twitter’s new owner Elon Musk said on Monday that the social media company is holding off the relaunch of its blue check subscription service, a delay from his initial tentative timeline to bring back the service on the platform. “Holding off relaunch of Blue Verified until there is high confidence of stopping impersonation,”…
By Chibuike Oguh NEW YORK (Reuters) -Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world’s second-largest economy to reinstate lockdowns, triggering worries over the economy. Beijing’s most populous district urged residents to stay at home on Monday as the…
(Reuters) -Labor union International Brotherhood of Teamsters said on Monday a new national contract at U.S. grocery chain Kroger Co has been ratified with overwhelming support. The five-year master agreement covers over 1,500 Kroger workers nationwide and provides significant improvements to wages, benefits and working conditions, the organization said in a statement. This comes as…
(Reuters) -Faraday Future Intelligent Electric said on Monday it had “substantial doubt” about its ability to continue as a going concern, adding that it is uncertain when it can complete first deliveries of its FF 91 luxury electric car. The company had earlier planned to start deliveries of the car in the fourth quarter of…
Elon Musk’s Twitter has reinstated the personal account of far-right Rep. Marjorie Taylor Greene, which was banned in January for violating the platform’s COVID misinformation policies. The Georgia Republican’s reinstatement comes after Musk over the weekend reinstated the account of former President Donald Trump, who was banned in the aftermath of the deadly Jan. 6…
By Sheila Dang (Reuters) – A coalition of civil rights activists on Monday were urging Twitter’s advertisers to issue statements about pulling their ads off the social media platform after its owner Elon Musk lifted the ban on tweets by former U.S. President Donald Trump. Trump’s account, which Twitter had suspended after the U.S. Capitol…
