BEIJING (AP) — Liu Qian, job-hunting with a new master’s degree, said two employers interviewed her and then said the positions had been eliminated. Others asked her to take lower pay. She is one of 11 million new graduates desperate for work in a bleak job market as anti-virus controls force factories, restaurants and other…
PARIS (Reuters) -Carmaker Stellantis has signed a non-binding preliminary agreement with GME Resources to secure supplies of nickel and cobalt sulphate for electric vehicle (EV) batteries, the two companies said on Monday. The deal marks a further move by the world’s fourth largest carmaker to lock down supplies of metals needed for batteries that power…
By Jody Godoy (Reuters) – Twitter’s claim that Meta Platforms stole trade secrets to build its new microblogging site may be the first volley in a legal battle between the social media giants, but experts say Twitter would have to clear a high hurdle if it sues. In a letter sent on Wednesday, Twitter alleged…
By Kristina Cooke and Ted Hesson WASHINGTON (Reuters) – When news broke of U.S. President Joe Biden’s plan to provide a path to citizenship for certain immigrants who entered the country illegally and are married to U.S. citizens, Pennsylvania-based immigration lawyer Bridget Cambria didn’t need long to think of clients it could help. Over the…
By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto indicated on Thursday he supports adopting a continuous time frame for the monetary authority to pursue inflation targets, ditching the current system of tracking a calendar year. Speaking at a press conference in Brasilia, Campos Neto said that would be an “interesting…
By Saikat Chatterjee LONDON (Reuters) – The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as investors bought the U.S. currency after hawkish comments by Federal Reserve officials. The prospect of fast and aggressive U.S. interest…
KYIV (Reuters) – Ukraine’s central bank could start cutting its key rate by one to two percentage points in coming months, notes from the central bank’s committee for monetary policy showed on Monday. The bank has kept its main rate unchanged at 25% since last summer, when it increased the rate to tame growing consumer…
By James Davey LONDON (Reuters) – British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record high, dealing the latest blow to consumers struggling with a cost-of-living crisis, industry data showed on Tuesday. Market researcher Kantar said prices are rising fastest in markets such as milk, eggs and margarine. It said…
By Anshuman Daga SINGAPORE (Reuters) – Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies. The dollar held near a one-week high as investors piled back into the safe-haven currency, while the Aussie, euro and Chinese yuan buckled. MSCI’s broadest…
By Suleiman Al-Khalidi, Maya Gebeily BEIRUT (Reuters) -As Wagner mercenaries advanced on Moscow in an attempted mutiny in late June, authorities in Syria and Russian military commanders there took a series of swift measures against local Wagner operatives to prevent the uprising spreading, according to six sources familiar with the matter. The previously unreported crackdown…
