By Valentine Hilaire and Divya Rajagopal (Reuters) – Panama’s abrupt moves this week to potentially annul the contract for one of the world’s biggest and newest copper mines through a referendum and proposed law alarmed global investors and wiped out about 40% of First Quantum Minerals’ market value. Lawmakers on Thursday ended efforts to scrap…
By Ananya Mariam Rajesh, Deborah Mary Sophia and Siddharth Cavale (Reuters) – Spending online on Cyber Monday is set to exceed $12 billion, a record, as bargain hunters snap up deals on items including Barbie dolls, Lego sets, headphones and smart watches, according to preliminary estimates from Adobe Digital Insights. The estimate projects U.S. shoppers…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell on Monday, with the Brent benchmark dipping below $80 a barrel as investors awaited this week’s OPEC+ meeting and expected curbs on supplies into 2024. Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel. U.S. West Texas Intermediate (WTI) crude futures lost 68…
(Reuters) – Rivian Automotive on Monday announced the launch of leasing for its R1T electric pickup truck for customers in select U.S. states. The option, which has been made available in states including California, New York, Florida and Texas, comes days ahead of the launch of Tesla’s Cybertruck which competes with the R1T. The $7,500…
(Reuters) -North American pilots and flight attendants are pushing for better pay and working conditions during their talks over new job contracts with company managements. Members at some unions have voted to authorize a strike if a new contract is not reached. The aggressive stance comes as the U.S. airline industry struggles to boost staff…
(Reuters) -Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, the first Monday after the Thanksgiving holiday, is set to be the biggest U.S. online shopping day of the year as…
BEIJING/SHANGHAI (Reuters) -China and the United States exchanged accusations at the weekend over the disputed South China Sea, after China’s military said it had driven away a U.S. warship that the U.S. Navy said was on a routine freedom of navigation operation. According to a post on the official WeChat social media account of the…
(Reuters) – Mastercard Spendingpulse said on Saturday that U.S. retail sales on Black Friday rose 2.5% year-over-year excluding automotive sales, not adjusted for inflation. In September, Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, said it anticipated U.S. retail sales, excluding automotive, to grow 3.7% during the holiday season,…
FRANKFURT (Reuters) – Signa Real Estate Management confirmed its bankruptcy filing in a letter to employees on Friday evening, German magazine Wirtschaftswoche reported on Saturday, citing a copy of the letter. In the document, Signa REM Germany informed its employees about the company opening insolvency proceedings. Der Spiegel first reported the court filing at the…
LONDON (Reuters) -Amazon workers walked out on strike at multiple locations across Europe on Friday in protests against the U.S. e-commerce giant’s working practices on one of the busiest shopping days of the year. “Make Amazon Pay”, a campaign coordinated by the UNI Global Union, said strikes and protests would take place in more than…
