BERLIN (Reuters) – Volkswagen and its battery subsidiary PowerCo SE have begun searching for a site for the carmaker’s first battery cell factory in North America, a company source told …
business
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(Reuters) -Netflix Inc is planning to let tens of thousands of users around the world to preview content from early next year, expanding beyond its current previewer base of 2,000-plus …
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US and World News
Ukraine’s Kherson loses power supply after Russian shelling – governor
by Reutersby ReutersKYIV (Reuters) – The recently liberated Ukrainian city of Kherson has lost its power supply after heavy shelling by Russian forces, the regional governor said on Thursday. Kherson, which had …
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Business News
Defiant pound sees biggest monthly rise since 2020 – but still trails most peers
by Reutersby ReutersBy Harry Robertson LONDON (Reuters) – The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by …
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Business News
Russia factory activity grows at fastest pace in almost six years in Nov – PMI
by Reutersby ReutersMOSCOW (Reuters) – Russia’s manufacturing sector expanded at its fastest pace in almost six years in November thanks to an increase in output and new orders, a business survey showed …
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Business News
India’s jobless rate rises to three-month high of 8% in Nov – CMIE
by Reutersby ReutersNEW DELHI (Reuters) – India’s unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy …
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Business News
China’s factory activity shrinks in Nov amid widespread COVID curbs – Caixin PMI
by Reutersby ReutersBEIJING (Reuters) – China’s factory activity shrank in November as widespread COVID-19 curbs disrupted manufacturers’ output, a private sector survey showed on Thursday, weighing on employment and economic growth in …
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Business News
South Korea Nov factory activity shrinks for 5th month, but downturn eases slightly – PMI
by Reutersby ReutersSEOUL (Reuters) – South Korea’s factory activity shrank for a fifth straight month in November but the downturn moderated slightly, a private-sector survey showed on Thursday, possibly suggesting the worst …
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Business News
Elon Musk says Apple never considered removing Twitter from App Store
by Reutersby Reuters(Reuters) – Elon Musk on Wednesday tweeted that the misunderstanding about Twitter potentially being removed from Apple Inc’s App Store was resolved following his meeting with the iPhone maker’s Chief …
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Business News
Tesla plans to ramp up Model Y production from Giga Texas in 2023 – Electrek
by Reutersby Reuters(Reuters) – Tesla Inc is planning to ramp up production of its Model Y cars from Gigafactory Texas next year, Electrek reported on Wednesday. The electric-vehicle manufacturer is currently preparing …
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Business News
Exclusive-Ex-Tiger Global partner John Curtius to raise $1 billion for new venture capital fund -source
by Reutersby ReutersBy Krystal Hu (Reuters) -John Curtius, a former partner at investment firm Tiger Global, is in talks with institutional investors to raise $1 billion for his new venture fund Cedar …
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Business News
Silicon Valley leaders welcome Elon Musk’s management of Twitter
by Reutersby Reuters(Reuters) – Silicon Valley leaders welcomed Elon Musk’s management of Twitter, with Netflix co-founder Reed Hastings going so far as to call the billionaire “the bravest, most creative person on …
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By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank said on Wednesday that 12.2% of borrowers from authorized financial institutions are in a “risky indebtedness” situation, with the total number …
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Business News
Number of English and Welsh struggling to pay water bill up 33% – regulator
by Reutersby ReutersLONDON (Reuters) – There has been a 33% increase in the number of people in England and Wales struggling to pay their water bills since May, according to a report …
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Business News
EU warns Musk that Twitter faces ban over content moderation -FT
by Reutersby Reuters(Reuters) – The European Union has threatened Elon Musk’s Twitter with a ban unless the billionaire abides by its strict rules on content moderation, setting up a regulatory battle over …
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Business News
Hedge fund Engine Capital urges Univar to consider sale, other options
by Reutersby Reuters(Reuters) -U.S. hedge fund Engine Capital on Wednesday urged Univar Solutions Inc to consider a sale or other strategic options, days after Germany’s Brenntag SE said it was in preliminary …
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Breaking NewsBusiness NewsFeatured NewsFood & Dining
One Bite Pizza, Portnoy just gave this New Jersey flea market pizza a pretty decent review
by Phil Stiltonby Phil StiltonCOLUMBUS, NJ – Who would have thought that one of the better slices of pizza in New Jersey could only be found on weekends at a pizzeria that has been …
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Business News
U.S. Treasury Yellen: Twitter should be held to certain standards for content
by Reutersby ReutersBy David Lawder NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday said social media company Twitter should be held to certain standards for content, arguing that it …
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(Reuters) -Warner Bros Discovery-owned CNN’s top boss Chris Licht informed employees in an all-staff memo on Wednesday that layoffs are under way, according to an email seen by Reuters. Licht …
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(Reuters) – S&P Global Inc plans to sell its engineering solutions business and has confidentially engaged with several prospective buyers, the market intelligence and ratings agency said on Wednesday. The …
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US and World News
China wants US not to interfere in ties with India – Pentagon
by Reutersby ReutersBy Krishna N. Das NEW DELHI (Reuters) – China has warned the United States to not interfere in its relationship with India following deadly border skirmishes between the Asian giants …
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SINGAPORE (Reuters) -The U.S. Securities and Exchange Commission has yet to approve any spot bitcoin exchange-traded fund (ETF) listings to date, the regulator’s commissioner Mark Uyeda said at the sidelines …
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Breaking NewsBusiness NewsFeatured NewsNorth Jersey News
Thieves target Wyckoff jewelry store in latest New Jersey smash and grab
WYCKOFF, NJ – Police in New Jersey are reporting a second violent smash-and-grab robbery at a jewelry store in Wyckoff hours before another smash-and-grab robbery in Jersey City was caught …
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Business News
Australian banking system cushioned for imminent climate change-related risks – regulator
by Reutersby Reuters(Reuters) – Potential economic downturns caused by climate change could pose risks to the loan books of Australia’s top five banks without resulting in any severe stress to the system …
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Business News
China’s services sector activity falls further in Nov – official PMI
by Reutersby ReutersBEIJING (Reuters) – China’s services activity contraction deepened in November, official data showed on Wednesday, as already strict COVID-19 restrictions tightened further in some cities due to surging infections and …