SEOUL (Reuters) – Activity in South Korea’s factories expanded at the fastest pace in three months in December but the economy struggled to gather momentum as rising global coronavirus cases and continued supply constraint weighed on production and overseas demand. The IHS Markit purchasing managers’ index (PMI) for the final month of the year rose…
By David Shepardson WASHINGTON (Reuters) -The chief executives of AT&T and Verizon Communications rejected a request to delay the planned Jan. 5 introduction of new 5G wireless service over aviation safety concerns but offered to temporarily adopt new safeguards. U.S. Transportation Secretary Pete Buttigieg and Federal Aviation Administration chief Steve Dickson had asked AT&T CEO…
By Hyunjoo Jin and Nivedita Balu (Reuters) -Tesla Inc on Sunday reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production. It was the sixth consecutive quarter that the world’s most valuable automaker posted record deliveries. Tesla, led by billionaire CEO Elon Musk, delivered…
By Kanishka Singh (Reuters) – Over 4,000 flights were cancelled around the world on Sunday, more than half of them U.S. flights, adding to the toll of holiday week travel disruptions due to adverse weather and the surge in coronavirus cases caused by the Omicron variant. The flights cancelled by 8 pm GMT on Sunday…
(Reuters) – Goldman Sachs Group Inc is encouraging its eligible U.S. staff to work from home until Jan. 18, a company spokesperson said, as the Omicron coronavirus variant spreads across the country. Goldman’s offices will continue to remain open with previously announced COVID-19 safety protocols, the spokesperson added. (Reporting by Elizabeth Dilts Marshall in New…
(Reuters) – Tesla Inc said on Sunday it had delivered a record 308,600 electric cars to customers in the fourth quarter of 2021 well above Wall Street estimates, thanks to a production ramp up at the electric-car maker’s Shanghai factory. Analysts had expected Tesla to deliver 263,026 vehicles, according to Refinitiv data. (Reporting by Sneha…
LONDON (Reuters) – The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25% staff absence as part of efforts to minimise disruption from the rapid spread of the Omicron variant of COVID-19. With daily infection numbers at a record high and people who test positive required…
LIMA (Reuters) – Peru has ended 2021 with inflation of 6.43%, the highest rate in 13 years and well above the upper end of the central bank’s target, the government said on Saturday. The South American country, one of the world’s largest producers of minerals, had an annual inflation target of 1% to 3% last…
By Philip Pullella ROME (Reuters) – Businessman Calisto Tanzi, who transformed a small family milk company into the multi-national food powerhouse Parmalat only to see it collapse in one of Italy’s biggest fraudulent bankruptcies, died on Saturday, aged 83. Tanzi died of pneumonia in a hospital in Parma, the city in central Italy where he…
HELSINKI (Reuters) – Some 3,000 workers at Finnish forestry group UPM went on strike on Saturday, shutting plants, the company said on Saturday. Three unions representing paper workers, managerial staff and electricians had previously warned they would strike if a new agreement about wages and working conditions was not reached before the previous agreement ended…
