By Helen Reid JOHANNESBURG (Reuters) – French automaker Renault SA has backed a moratorium on deep-sea mining, the company told Reuters on Wednesday, committing to exclude seabed metals from its supply chain in a blow to the nascent industry. In October, French President Emmanuel Macron identified deep seabed exploration as an investment priority for France,…
By Katanga Johnson WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday voted to propose heightened regulations meant to scrutinize how private fund advisers charge fees to investors and measure fund performance. The rule changes, which must undergo public consultation before they can be adopted, would require private fund advisers, such as…
By Francesco Canepa FRANKFURT (Reuters) – As guardians of stability in prices and financial markets, the last word central bankers want to be associated with is “panic”. Yet that is precisely the term used by two top European Central Bank watchers to describe the message communicated by ECB President Christine Lagarde since she opened the…
By Bansari Mayur Kamdar (Reuters) – Wall Street’s main indexes rose on Wednesday, with high-growth stocks gaining as a recent rally in Treasury yields paused, while investors took comfort from upbeat earnings reports and signs of easing tensions in Ukraine. The benchmark 10-year U.S. Treasury yield slipped from multi-year highs hit in the previous session,…
SAN RAMON, Calif. (AP) — Samsung is trying to reclaim lost ground in the coveted high end of the smartphone market with a new lineup of Galaxy S models designed to appeal to consumers who are increasingly sharing videos of their antics on TikTok, Facebook, YouTube and other popular apps. Although the Galaxy S22 phones…
By Elizabeth Culliford (Reuters) – Spotify’s chief content officer Dawn Ostroff told advertisers at a New York conference on Wednesday that the backlash around popular U.S. podcaster Joe Rogan’s podcast had been a “real learning experience” for the streaming service. (Reporting by Elizabeth Culliford)
(Reuters) – CVS Health Corp said on Wednesday it expects to administer 70% to 80% fewer COVID-19 vaccines in 2022 compared with last year, adding that in-store diagnostic testing could fall 40% to 50%. The company administered more COVID-19 vaccine boosters in the fourth quarter instead of the first quarter of 2022, as it had…
WASHINGTON (Reuters) – The U.S. may be nearing a turn lower in inflation, Atlanta Fed president Raphael Bostic said on Wednesday, though he added he is still leaning towards a slightly faster pace of rate increases this year. “I am very hopeful we are going to start to see that decline … There is some…
LONDON (AP) — Britain’s departure from the European Union has brought higher costs, more red tape and border delays for businesses, and not yet delivered promised benefits, a public spending watchdog said Wednesday. A day after Prime Minister Boris Johnson appointed a “Brexit opportunities” minister, Parliament’s Public Accounts Committee said that the “only detectable impact”…
LONDON (Reuters) – Amazon’s food retail business in Britain faces increased regulation after the competition watchdog said rules setting out how grocers should treat their suppliers will now apply to the U.S. giant. The Competition and Markets Authority (CMA) said on Wednesday that due to Amazon’s increasing activity in the UK grocery sector it must…
