CHICAGO (Reuters) – Tyson Foods said on Monday it will pay about $50 million in year-end bonuses to frontline and hourly meatpacking workers starting this month, as companies compete to attract and retain employees. The one-time bonuses for 86,000 eligible Tyson employees will be based on tenure and range from $300 to $700, the company …
Tyson Foods to pay frontline workers $50 million in bonuses Read More »
KIGALI (Reuters) -South Africa’s Biovac Institute will start making Pfizer-BioNTech’s COVID-19 vaccine early next year after receiving the drug substance from Europe, a Pfizer executive said on Monday. Biovac’s “fill and finish” deal with Pfizer, announced in July, will make it one of the few companies processing COVID-19 shots in Africa, where many countries have …
(Reuters) – A court in military-ruled Myanmar sentenced ousted leader Aung San Suu Kyi on Monday to four years in prison for incitement and violating COVID-19 restrictions, delivering the first verdicts against her since a coup ousted a civilian government on Feb. 1. Her sentence was later in the day reduced by the military junta …
Factbox-Myanmar’s ousted leader Aung San Suu Kyi convicted, sentenced Read More »
(Reuters) – Myanmar’s former leader Aung San Suu Kyi received a four-year jail term on Monday, the first verdict in numerous cases brought against her since she was ousted in a Feb. 1 military coup. Her sentence was later reduced by the military junta leader to two years’ detention in her current location, which has …
Factbox: Legal cases against Myanmar’s Aung San Suu Kyi Read More »
By Arunima Kumar (Reuters) -Oil producer ConocoPhillips said on Monday it expects to return 16% more capital to shareholders next year, and added a new variable return of cash to its plans, underscoring the energy industry’s focus on shareholder returns over spending. Oil and gas companies have either raised their dividends or announced share buybacks, …
ConocoPhillips forecasts 16% rise in 2022 shareholder returns Read More »
WASHINGTON (Reuters) – Six countries including the United States expressed concern on Monday over reports of widespread arrests by Ethiopia of Tigrayan citizens based on ethnicity in connection with the country’s year-old conflict, urging the government to stop acts they said likely violate international law. The United States, Britain, Canada, Australia, Denmark and the Netherlands …
U.S., five other countries urge Ethiopia to cease illegal detentions Read More »
BANGKOK (Reuters) – Myanmar’s deposed leader Aung San Suu Kyi was sentenced on Monday to two years in detention on charges of incitement and breaching coronavirus restrictions in a case her supporters called politically motivated. She was orginally sentenced to four years in prison but the military junta leader reduced it two years’ detention in …
Reactions to conviction, sentencing of Myanmar’s Aung San Suu Kyi Read More »
WASHINGTON (Reuters) -Six countries including the United States expressed concern on Monday over reports of widespread arrests by Ethiopia of Tigrayan citizens based on ethnicity in connection with the country’s year-old conflict, urging the government to stop acts they said likely violate international law. The United States, Britain, Canada, Australia, Denmark and the Netherlands cited …
U.S., five other countries urge Ethiopia to cease illegal detentions Read More »
By Hadeel Al Sayegh, Lisa Barrington and Alexander Cornwell DUBAI (Reuters) – Uber Technologies is in talks with the management of its Middle East unit Careem to bring outside investors into the business, four sources familiar with the matter said. Careem’s ownership structure following the planned investment was not immediately clear, though sources said Uber …
Exclusive-Uber in talks with Mideast unit over outside investment – sources Read More »
LONDON (Reuters) – China, widely seen as an exporter of disinflation for the past two decades, is likely to drive higher inflation in coming years, the chief investment officer of Neuberger Berman said on Monday. “The common prosperity drive may be another driver of inflation,” Eric Knutzen told the annual Reuters Investment Outlook Summit, referring …
China GDP to slow, will become inflation exporter, money managers say Read More »
