Sunday, 29 Sep 2024

Business

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Fed extends pandemic-related dollar 'swap' lines for 9 other central banks

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah MillisWASHINGTON (Reuters) – The Federal Reserve will keep dollar “swap” lines open for nine mid-sized foreign central banks until Sept. 30, 2021, extending a program established early in the coronavirus pandemic to help ease global financial stress. […]

Kering Denies Allegations of Tax Fraud Amid Reports of French Probe

PARIS — Kering denied reports in the French press Wednesday of alleged tax fraud under investigation by fiscal authorities in France, as relayed by the investigative news site Mediapart. “Kering refutes in the strongest possible terms the totally unfounded allegations of the laundering of tax fraud, as published in the Mediapart article,” said the group, […]

Delta Air Lines in talks to add more quarantine-free flights

FILE PHOTO: An airport worker stands on a tarmac next to a Delta Air Lines plane at Pittsburgh International Airport in Pittsburgh, Pennsylvania, U.S., October 3, 2020. REUTERS/Shannon Stapleton/File Photo(Reuters) – Delta Air Lines Inc is in talks with governments to add more quarantine-free trips to international destinations, after the first two such flights take […]

Pornhub crackdown by credit card companies cuts off sex workers' livelihoods

After recent moves by payment platforms like Visa, Mastercard and Discover to cut off access to Pornhub, the world’s largest porn site, several sex workers said they fear an oncoming “war on porn” that prevents them from making money for their work. Eight adult performers, four of whom sell content on Pornhub, told NBC News […]

Wall Street set to rise on stimulus hopes; Fed meet in focus

(Reuters) – U.S. stock indexes were set to gain on Tuesday as progress toward a massive government spending bill and COVID-19 relief measures kept spirits high, while investors awaited new economic cues from the Federal Reserve’s final meeting of the year.FILE PHOTO: The U.S. flag is seen on a building on Wall St. in the […]

Google Grants $6M to ‘Innovative’ Diversity Projects From Newsrooms

Diversity in news, from who is covered to who is considered an expert, has long been discussed as vital, but a series of newsroom projects are getting funding from Google in an effort to bring truly diverse coverage closer to reality. As part of its “innovation challenge” this year, the Google News Initiative asked newsrooms […]

S&P 500 ends down, Walt Disney weighs

(Reuters) -The S&P 500 ended lower on Monday, weighed down by Walt Disney, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year’s biggest deals. The Dow Jones Industrial Average hit a record high before ending lower, pulled down by Walt Disney. U.S. officials began to administer the […]

S&P 500 ends down after vaccine roll-out, mega-M&A

(Reuters) -The S&P 500 ended lower on Monday after the launch of a COVID-19 vaccine campaign in the United States, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year’s biggest deals.FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in […]

VW CEO Diess stays on to lead new executive team but wins no contract extension

FILE PHOTO: Volkswagen Group Chief Executive Officer Herbert Diess gestures as he speaks during a news conference in Barcelona, Spain September 23, 2020. REUTERS/Albert GeaFRANKFURT (Reuters) – Volkswagen’s supervisory board on Monday said Chief Executive Herbert Diess had its full support as he leads a new executive team to transform the German automaker but stopped […]