Updated

Unicredit German unit to take significant portion of job cuts under new plan – source

4 Dec 2021

MILAN (Reuters) – UniCredit’s German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank’s new business plan, a person close to the matter said. Bloomberg News reported earlier on Friday half of the expected job cuts would hit the group’s German operations. UniCredit will unveil …

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Democracy activist Law urges Hong Kong voters to ignore Dec. 19 election

4 Dec 2021

LONDON (Reuters) – Hong Kong democracy activist Nathan Law called on voters in his home city to ignore a legislative election this month, the first under sweeping new rules imposed by Beijing, saying they should not lend the vote any legitimacy. China announced in March broad changes to the former British colony’s electoral system, reducing …

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Democracy activist Law urges Hong Kong voters to ignore Dec. 19 election

4 Dec 2021

LONDON (Reuters) – Hong Kong democracy activist Nathan Law called on voters in his home city to ignore a legislative election this month, the first under sweeping new rules imposed by Beijing, saying they should not lend the vote any legitimacy. China announced in March broad changes to the former British colony’s electoral system, reducing …

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Wall St ends lower on Omicron worries, Fed taper angst

4 Dec 2021

By Devik Jain and Sinéad Carew (Reuters) – Wall Street’s major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve’s withdrawal of support all while they grappled with uncertainty around the Omicron coronavirus variant. After opening higher, Wall Street …

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Six more U.S. states find Omicron cases, Delta still top U.S. coronavirus threat

4 Dec 2021

WASHINGTON (Reuters) – Six more U.S. states confirmed infections of the Omicron variant of COVID-19 on Friday but the Delta strain likely remains a greater threat as winter sets in and Americans gather for the holidays, experts said. New Jersey, Maryland, Missouri, Nebraska, Pennsylvania and Utah each reported their first cases of the Omicron variant …

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U.S. government opens civil rights probe into police in New York suburb

4 Dec 2021

By Sarah N. Lynch WASHINGTON (Reuters) -The U.S. Justice Department has launched a civil rights inquiry into police practices in yet another city, investigating possible systemic abuses in the New York suburb of Mount Vernon and whether officers targeted Black residents, used excessive force and conducted illegal searches, officials said on Friday. The department’s Civil …

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White House says it isn’t trying to weaken bill on China’s Uyghurs

4 Dec 2021

WASHINGTON (Reuters) -President Joe Biden’s administration is not lobbying against a U.S. bill that would ban some Chinese imports over concern about forced labor among Uyghurs, which Republicans have accused Democrats of stalling, the White House said on Friday. The Uyghur Forced Labor Prevention Act, which would ban imports from China’s Xinjiang region, is set …

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White House says it isn’t trying to weaken bill on China’s Uyghurs

4 Dec 2021

WASHINGTON (Reuters) – President Joe Biden’s administration is not lobbying against a U.S. bill that would ban some Chinese imports over concern about forced labor among Uyghurs, which Republicans have accused Democrats of stalling, the White House said on Friday. The Uyghur Forced Labor Prevention Act, which would ban imports from China’s Xinjiang region, is …

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