JPMorgan profit soars on recovery but questions linger over lending outlook, competition
JPMorgan Chase & Co (JPM.N) second-quarter profits jumped 155% as the U.S. economy continued to rebound, but executives warned on Tuesday that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates, weak loan demand and a slowdown in trading.
Innovate UK funds Glasgow University and eCom Scotland joint project
The digital learning and assessment specialist, eCom Scotland is collaborating with the University of Glasgow in a six-month project, funded by Innovate UK.
WTO seeks to land big prize after 20 years of fish talks
Negotiators are hoping the World Trade Organization will on Thursday not only deal a major blow to overfishing after 20 years of trying, but in doing so also dispel doubts about its own usefulness.
S&P 500 and Nasdaq end lower after hitting record highs
The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.
White House still sees inflation abating, can’t say exactly when
The White House expects supply chain pressures that are fueling higher inflation to abate in the “not-too-distant future,” but cannot say exactly when, a senior official said on Tuesday after June consumer prices showed the biggest gain in 13 years.
Boeing cuts 787 production, suffers 737 MAX cancellation
Boeing Co (BA.N) said on Tuesday it will cut 787 production after finding another production-related structural defect, and a major customer partially canceled a 737 MAX order, in a double hit to the U.S. planemaker’s COVID-19 pandemic recovery.
Analysis: Delta-spurred curbs cloud European recovery outlook
Rising coronavirus infection rates, driven by the fast-spreading Delta variant, are forcing more countries around Europe to re-impose restrictions that could cast a pall over the region’s economic recovery prospects.
After COVID revenue collapse, Canadian municipalities face insurance premium spike
Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents.
S.Korea COVID-19 vaccine rollout grinds to halt as new cases hit record high
South Korea’s rollout of COVID-19 vaccinations to people aged 55-59 has stuttered to a week-long halt after a record high number of new cases sparked a rush for shots, exhausting available supplies and crashing an official reservation website.
In South African COVID-19 ward, medics battle worst infection wave yet
JOHANNESBURG, July 13 (Reuters) – At an emergency COVID-19 ward run by a charity in southern Johannesburg, medics wheel gasping patients to their beds, rush from room to room with oxygen cylinders and pat the back of someone in the grip of a coughing fit. The scenes in the converted community hall are a reminder […]
