By Shariq Khan (Reuters) – U.S. cannabis producer Cresco Labs Inc is in advanced talks to buy rival Columbia Care Inc for around $2 billion, three people familiar with the matter said on Tuesday. If a deal is finalised it would be one of the largest in the U.S. cannabis industry to date. The industry,…
HONG KONG/BEIJING (Reuters) – Chinese regulators have asked some of the country’s U.S.-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources said, as Beijing steps up efforts to ensure domestic companies remain listed in New York. This comes as China’s regulators are considering a proposal to allow their U.S. counterparts…
(Reuters) -Apple Inc’s Apple Music, mobile App Store and Podcasts resumed services on Tuesday, after facing outages for a second consecutive day, according to the company’s system status page. Tuesday’s outage also affected Mac App Store, users of Apple Card, Apple Books, iCloud Web Apps and Weather. The outage on Monday affected 11 of Apple’s…
By Lindsay Dunsmuir and Ann Saphir (Reuters) -Federal Reserve officials are helping shape market expectations for sharper interest-rate hikes to curb the surge in inflation, but have not managed to dispel fears the tightening cycle could blow a hole in the economy and labor market. “The Fed needs to move aggressively to keep inflation under…
MEXICO CITY (Reuters) – Mexican banking institution Banorte will invite Mexicans to “recover” Citigroup’s retail unit in the country, which is set to go up for sale in coming months, if Banorte decides to go forward with the purchase, the bank said in a statement on Tuesday. Mexican President Andres Manuel Lopez Obrador said in…
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador postponed an unprecedented issue of a bitcoin-backed bond planned for last week, as the government decided to wait for favorable conditions in the financial market, Finance Minister Alejandro Zelaya said on Tuesday. The Central American government had scheduled the launch of the $1 billion bond between…
By Lindsay Dunsmuir and Ann Saphir (Reuters) -Federal Reserve officials are helping shape market expectations for sharper interest-rate hikes to curb the surge in inflation, but have not managed to dispel fears the tightening cycle could blow a hole in the economy and labor market. “The Fed needs to move aggressively to keep inflation under…
By Hilary Russ NEW YORK (Reuters) – Starbucks workers in a cafe in Seattle, the coffee chain’s hometown, voted 9 to 0 in favor of joining a labor union, according to a tally of ballots on Tuesday. The results mark the seventh Starbucks-owned cafe in the United States to join the union, following five in…
WASHINGTON (Reuters) – The U.S. Travel Association on Tuesday urged the White House to lift COVID-19 travel restrictions and repeal a mandate requiring masks on airplanes and in other transit modes by April 18, according to a letter seen by Reuters. In a letter to Dr. Ashish Jha, the incoming White House COVID response coordinator,…
By Andrea Shalal and David Lawder BALTIMORE/WASHINGTON (Reuters) – The United States and Britain are expected to announce an end to a long-running steel trade dispute on Tuesday, granting a UK duty-free import quota of over 500,000 tonnes of British-made steel annually, people familiar with the deal said. The pact, to be announced by U.S….
