November 28, 2021 By Steve Gorman LOS ANGELES (Reuters) – Black Friday shoppers weren’t the only ones out hunting for bargains on the day after Thanksgiving. Thieves were busy as well. Police in Los Angeles and cities elsewhere across the country spent much of their holiday weekend patrols looking for suspects in a spate of […]

November 27, 2021 By Arriana McLymore and Richa Naidu RALEIGH, North Carolina (Reuters) – U.S. shoppers spent slightly less online during Black Friday this year, with many venturing back to physical stores despite coronavirus fears, tight supplies, and retailers’ efforts to encourage earlier holiday purchases. For the first time ever, spending online during Black Friday […]

November 27, 2021 (Reuters) – Canadian e-commerce company Shopify Inc recorded worldwide sales of nearly $2.9 billion on Black Friday, an increase of about 21% in comparison to last year, the company said Saturday. New York, London and Los Angeles were among the top-selling cities, the company said, while apparel and accessories was the top-selling […]

November 27, 2021 MILAN (Reuters) -Italian energy group Eni has agreed to sell gas group Snam 49.9% of its stake in strategic pipelines carrying Algerian gas into Italy for 385 million euros ($436 million), the two companies said on Saturday. The pipelines will be jointly controlled by the two companies, they said in a joint […]

November 27, 2021 SHANGHAI (Reuters) – Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday. The plant will be constructed in two phases and Xiaomi will also built its auto unit’s headquarters, sales and research […]

November 27, 2021 (Reuters) – Chile’s LATAM Airlines Group SA said on Friday it has filed a reorganization plan, proposing an $8.19 billion infusion of capital into the group, in a bid to exit its Chapter 11 bankruptcy. The financing proposal will include a mix of new equity, convertible notes and debt, the group said in […]

November 27, 2021 By David Shepardson WASHINGTON (Reuters) – Delta Air Lines and United Airlines said on Friday they do not plan any changes to their South Africa-U.S. routes after the White House said it plans to impose new travel curbs on southern Africa starting Monday amid concerns about a new COVID-19 variant. Delta and […]

November 26, 2021 By Saqib Iqbal Ahmed NEW YORK (Reuters) – COVID-19 has resurfaced as a worry for investors and a potential driver of big market moves after a new variant triggered alarm, long after the threat had receded in Wall Street’s eyes. Worries about a new strain of the virus, named Omicron and classified […]

November 26, 2021 (Reuters) – Each successive variant of COVID-19 has had a weaker effect on the economy, and if the new Omicron variant discovered in South Africa follows that pattern, it should cause less of a slowdown than what was seen after the Delta variant, Atlanta Federal Reserve Bank President Raphael Bostic said on […]

November 26, 2021 By Dhara Ranasinghe and Yoruk Bahceli LONDON (Reuters) – Risks of a new COVID hit to economic activity are clobbering expectations for rate hikes next year from the world’s major central banks, a potential setback for the dollar and other currencies where wagers had been most aggressive. Money markets no longer fully […]

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