By Steve Scherer OTTAWA (Reuters) – The Bank of Canada will leave its inflation target at 2% in a framework renewal, shunning a major shift in monetary policy strategy similar to the one adopted by the U.S. Federal Reserve last year, a source familiar with the process said on Thursday. The central bank and the …
Exclusive-Bank of Canada to keep inflation target, shun big strategy shift -source Read More »
(Corrects speed of Wisk vehicle and company ownership in paras 4 and 6) By Jane Wardell SYDNEY (Reuters) -Paramedics with jetpacks, border police in flying cars and city workers commuting by drone all sound like science fiction – but the concepts are part of a advanced air mobility (AAM) market that is expected to be …
Jetpacks, flying cars and taxi drones: transport’s future is in the skies Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to the lowest level in more than 52 years last week as labor market conditions continued to tighten amid an acute shortage of workers. The plunge reported by the Labor Department in its weekly unemployment claims report on …
U.S. weekly jobless claims at lowest level since 1969 as labor market tightens Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. passenger railroad Amtrak told a U.S. House of Representatives panel on Thursday it expects to be forced to temporarily cut some service in January because of a COVID-19 vaccine mandate. Amtrak President Stephen Gardner told a House Transportation subcommittee that roughly 95% of its 17,000 employees have been …
Amtrak to temporarily cut some service over U.S. COVID-19 vaccine rules Read More »
(Reuters) – Carlyle Group Inc and Advent International Corp are among several buyout firms considering a bid for DuPont Inc’s mobility and materials unit, Bloomberg News reported on Thursday, citing people familiar with the matter. Apollo Global Management Inc and CVC Capital Partners are also studying the business, which could be valued at as much …
Advent, Carlyle considering bid for DuPont’s $12 billion unit – Bloomberg News Read More »
By Stephen Nellis (Reuters) – Major companies using Amazon.com’s data services got a painful lesson this week about how the complexity and market dominance of the company’s cloud unit make it difficult to back up their data with other providers, analysts and experts told Reuters. Amazon said that an “an impairment of several network devices” …
Outage shows how Amazon’s complex cloud makes backup plans difficult Read More »
(Reuters) -A Coca-Cola Co shareholder asked the beverage giant on Thursday to not renominate Activision Blizzard Inc’s Chief Executive Officer Bobby Kotick to its board, as the video game company deals with lawsuits on workplace harassment. Allegations of sexual harassment and discrimination at Activision earlier this year led to more than 20 employees being fired …
Shareholder objects to Activision CEO Kotick’s renomination to Coca-Cola board Read More »
By Andrea Shalal WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai said negotiations about a free-trade agreement with Britain launched by her predecessor had been paused, but the two allies continue to work “very closely” on challenges such as non-market economic pressures and the global COVID-19 pandemic. Tai told an event hosted by the U.S. Chamber …
U.S. working closely with UK on trade challenges -USTR’s Tai Read More »
By Rajesh Kumar Singh and David Shepardson (Reuters) -American Airlines Group Inc plans to scrap, reduce or delay the introduction of flights to several international routes next summer because of a lack of widebody aircraft, according to a company memo seen by Reuters. American, which is the world’s largest carrier, said Boeing Co’s delay in …
American Airlines plans to reduce international flights next summer Read More »
By Sharon Bernstein and Nathan Frandino ESCALON, Calif. (Reuters) – The shrink-wrapped boxes of fresh California walnuts stacked almost to the ceiling in Don Barton’s California packing facility should be headed to Europe for holiday baking and to Asia for New Year celebrations. Instead, newly cleaned and shelled nuts – about $10 million worth – …
Walnuts for holiday baking languish as U.S. shipping crisis hurts farmers Read More »
