By Wayne Cole SYDNEY -Australia’s top central banker on Friday said it was plausible interest rates could rise later this year, but there were risks in moving too early and …
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Tesla plans to locate China design centre in Beijing, city govt says
by Reutersby ReutersSHANGHAI – U.S. electric carmaker Tesla plans to place its China design centre in Beijing, a government document issued by the Chinese capital said. Tesla said in 2020 it planned …
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California sues Tesla over Black workers’ allegations of discrimination
by Reutersby ReutersBy Daniel Wiessner and Hyunjoo Jin -A California state agency has sued Tesla Inc over allegations by some Black workers that the company tolerated racial discrimination at an assembly plant, …
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Biden sees mask requirements for children easing, but cautious on dropping all mandates
by Reutersby ReutersBy Andrea Shalal WASHINGTON – U.S. President Joe Biden on Thursday said mask requirements for children would likely to start to fall away given federal plans to begin vaccinating children …
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Exclusive-Ford’s Lincoln brand to launch full slate of electric SUVs by 2026 -sources
by Reutersby ReutersBy Paul Lienert DETROIT – Ford Motor Co is stepping up plans to extensively electrify its Lincoln brand in North America, as it prepares to introduce at least five new …
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Fed’s Barkin: ‘I’d have to be convinced’ of need for half-point rate hike
by Reutersby ReutersBy Ann Saphir -Richmond Federal Reserve Bank President Tom Barkin on Thursday said he would be “conceptually” open to raising interest rates by a bigger-than-usual half-of-a-percentage point increment, but does …
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Coca-Cola, criticized for plastic pollution, pledges 25% reusable packaging
by Reutersby ReutersBy Hilary Russ NEW YORK – The Coca-Cola Company on Thursday said it will aim for 25% of its packaging globally to be reusable by 2030, a move hailed by …
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Australia’s IAG cash earnings slump 62% as natural hazard claims surge
by Reutersby Reuters– Insurance Australia Group beat profit and dividend estimates on Friday for the first half, even as higher claims tied to natural disasters, including severe storms and hail last October, …
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Wall Street ends down sharply on fears of aggressive Fed rate hikes
by Reutersby ReutersBy Noel Randewich and Bansari Mayur Kamdar – Wall Street ended sharply lower on Thursday after U.S. consumer prices data came in hotter than expected and subsequent comments from a …
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Canada Goose’s Omicron-induced forecast cut sends shares tumbling
by Reutersby Reuters(Corrects to remove references to Canada in paragraph 2 and return policy dispute in China in paragraph 5) By Aditi Sebastian – Canada Goose Holdings Inc cut its full-year revenue …
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Disney closes gap with Netflix, streaming industry future still in question
by Reutersby Reuters(Refiles to correct publication date) By Eva Mathews and Akash Sriram – The strong subscriber additions by Disney+ in the latest quarter helped Walt Disney Co’s flagship streaming service close …
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By Akron Police Department AKRON, Ohio – Acting U.S. Attorney Michelle M. Baeppler announced that a federal grand jury returned an eighteen-count superseding indictment charging 13 individuals as part of …
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Canadian trucker protest forces some companies to use air transport
by Reutersby ReutersBy Allison Lampert -Automakers and some manufacturers are looking to the skies as they seek alternatives for moving products caught up in Canadian trucking protests that have hit supply chains …
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Son charged for murder after mom found dead in DeBary home
by Jeff Jonesby Jeff JonesDeBary, FL – The son of a woman found dead in her DeBary home Wednesday afternoon has been charged with first-degree murder in her death. Police here said David Rivera, …
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SAO PAULO -Brazil’s biggest private-sector lender Itau Unibanco Holding SA said on Thursday 2022 is likely to be a year of lower loan book growth and higher loan-loss provisions, amid …
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U.S. lawmakers introduce bipartisan bill to address social media addiction
by Reutersby ReutersWASHINGTON – U.S. Senators Amy Klobuchar, a Democrat, and Cynthia Lummis, a Republican, introduced a bill aimed at addressing addiction to social media platforms like Meta Platform’s Facebook or Twitter. …
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WELLINGTON – New Zealand’s manufacturing sector saw a reduction in the level of expansion in the first month of 2022, a survey showed on Friday. The Bank of New Zealand-Business …
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By David Shepardson WASHINGTON -The Biden administration on Thursday unveiled its plan to award nearly $5 billion over five years to build thousands of electric vehicle charging stations. Congress approved …
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By Fergal Smith TORONTO – Canada’s main stock index fell on Thursday but not nearly as much as Wall Street, as its heavy weighting in financial and energy shares helped …
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By Chris Prentice and Tommy Wilkes WASHINGTON/LONDON – Major global stock indexes fell on Thursday under pressure from crucial U.S. inflation data, falling technology shares and rising benchmark bond yields. …
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Just stop! Investors want the Fed to quit buying bonds now
by Reutersby ReutersBy Davide Barbuscia NEW YORK -The U.S. Federal Reserve should stop buying bonds immediately to contain rampant inflation, a top investment manager at BlackRock said on Thursday, joining a chorus …
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GM, Toyota, Ford cut production following Canadian trucking protests
by Reutersby ReutersBy David Shepardson WASHINGTON -Toyota Motor Corp , General Motors Co, Ford Motor and Chrysler-parent Stellantis said they had been forced to cancel or scale back some production at North …
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Fed to stress test banks against commercial real estate, corporate debt troubles in 2022
by Reutersby ReutersBy Pete Schroeder WASHINGTON -The U.S. Federal Reserve announced on Thursday that its 2022 round of large bank stress tests will include a severe decline in commercial real estate prices …
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By Herbert Lash NEW YORK – The dollar swung in choppy trade on Thursday after U.S. consumer prices rose higher than forecast in January, leading markets to boost expectations for …
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By Elizabeth Culliford – OnlyFans, an online subscription platform known for adult content, has launched a feature for users to display verified NFTs as profile pictures, it said on Thursday. …