By Marcelo Teixeira and Roberto Samora NEW YORK/SAO PAULO (Reuters) – Coffee experts working for commodity trading houses are taking to the narrow, winding roads in Brazil’s Minas Gerais state as they tour the coffee belt checking 2022 crop prospects just as prices approach the highest levels in 10 years. This has been a difficult …
Experts count coffee trees in Brazil as prices hit 10-year highs Read More »
BERLIN (Reuters) – Volkswagen said on Monday it was looking at locations for planned battery cell plants in Spain and eastern Europe and the exact sites for its third and fourth gigafactories would be determined in the first half of 2022. “By 2030, Volkswagen plans to open two more cell factories in Europe,” the group …
Volkswagen plans to decide new gigafactory locations in H1, 2022 Read More »
By Lindsay Dunsmuir (Reuters) – The U.S. Federal Reserve, stung by persistently high inflation and encouraged by lower-than-expected unemployment, is set on Wednesday to chart a path of higher interest rates next year as policymakers show their hands on just how soon and how much they think borrowing costs will need to increase to keep …
Fed to pivot on inflation fears in the face of another uncertain year Read More »
By Nandita Bose WASHINGTON (Reuters) – U.S. Vice President Kamala Harris will on Monday announce new investment in Central America from companies such as Pepsico and Cargill, that boost her efforts to lower migration from the region into the United States. With the new pledges, Harris has secured private sector investments in the region worth …
By Simon Jessop LONDON (Reuters) – Investors managing $4.1 trillion in assets are urging the world’s biggest chemicals companies to phase out production of hazardous substances which linger in the environment and have been linked to serious health problems. The move by 23 investors including Aviva Investors and Storebrand comes as regulators toughen rules around …
Investors push world’s top chemicals companies over hazardous substances Read More »
ROME (Reuters) – U.S fast food chain McDonalds will hire 12,000 people and open 200 new restaurants in Italy by 2025, Dario Baroni, chief executive of the group in the country, was quoted as saying by Affari&Finanza-la Repubblica on Monday. “Italy is seen by the group as one of the markets with the greatest potential …
McDonalds to hire 12,000 people, open 200 restaurants in Italy by 2025, exec says Read More »
A look at the day ahead from Danilo Masoni. After recovering quickly from the Omicron scare, equity markets look set to kick off a busy week for central banks on the front foot. With some hawkish signals expected, markets could be in for a bout of volatility in the closing days of 2021 even though …
By John Revill ZURICH (Reuters) – Credit Suisse announced a raft of appointments to its executive board on Monday as the Swiss bank seeks to move on from a torrid year during which it was battered by a stream of controversies and losses. Switzerland’s second-biggest bank said Francesco De Ferrari would return to the company …
Credit Suisse welcomes back De Ferrari to run wealth management Read More »
PARIS (Reuters) -Air France KLM has redeemed 500 million euros ($564.8 million) from an earlier French state loan issued to help the airline cope with the fallout from the COVID-19 pandemic, and the company said on Monday it could also raise new equity. Air France-KLM said it had redeemed 500 million euros out of a …
Air France KLM redeems 500 million euros worth of debts and may raise new equity Read More »
By Shane Raymond (Reuters) – “Do you want to see yourself acting in a movie or on TV?” said the description for one app on online stores, offering users the chance to create AI-generated synthetic media, also known as deepfakes. “Do you want to see your best friend, colleague, or boss dancing?” it added. “Have …
Deepfake anyone? AI synthetic media tech enters perilous phase Read More »
