White House warns companies to step up cybersecurity
The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a meatpacking company and a southeastern oil pipeline.
European stock traders place their blockbuster bets in the dark
Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, “dark pools” that host blockbuster trades, are pulling in major money in Europe.
EXCLUSIVE Tesla supplier CATL plans a major battery plant in Shanghai -sources
China’s CATL (300750.SZ) is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier, two people with knowledge of the matter said.
EU’s carbon border tariff to target steel, cement, power, Bloomberg News says
The European Union plans to impose carbon emission costs on imports of goods including steel, cement and electricity, Bloomberg News reported late on Wednesday.
World food price index surges in May to highest level since 2011 -FAO
World food prices rose in May at their fastest monthly rate in more than a decade, posting a 12th consecutive monthly increase to hit their highest level since September 2011, the United Nations food agency said on Thursday.
Asian equities clock biggest foreign outflows since March 2020
Asian equities in May clocked their biggest foreign outflows in 14 months due to a spike in COVID-19 cases in the region and as growing inflationary pressure tempered risk appetite.
Amid hiring troubles, rising prices, U.S. growth gains speed -Fed
The U.S. economic recovery accelerated in recent weeks even as a long list of supply chain troubles, hiring difficulties, and rising prices cascaded through the country, Federal Reserve officials said in their latest review of economic conditions.
Asia shares off 3-month highs, caution ahead of U.S. payrolls
Asian shares were a touch below a recent three-month top on Thursday with China a tad weaker as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose to near 1-1/2 year highs.
Engine No. 1 extends gains with a third seat on Exxon board
Exxon Mobil Corp (XOM.N) shareholders elected a third director nominated by hedge fund Engine No. 1 to the oil company’s board, the company said on Wednesday, extending the firm’s upset victory at one of America’s top energy corporations.
EXCLUSIVE Amazon starts testing UK staff for coronavirus variants
Amazon (AMZN.O) is testing its front-line staff in Britain for coronavirus variants and feeding the data to public health officials, including in hotspots where a strain first found in India is spreading fast.
