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.
Four ways to relaunch your career after a pandemic year
If you knew Assane Savadogo before the pandemic, you might not recognize him now.
Long bets on yuan near six-month high; ringgit bears firm
Bullish bets on the Chinese yuan hit a near six-month high after a rally against the U.S. dollar, a Reuters poll showed on Thursday, while investors were long on most Asian currencies as nations ramped up their COVID-19 vaccination plans.
Oil steady after sharp rise on improved demand picture
Oil prices were little changed on Thursday after strong gains in the previous two sessions on expectations for surging fuel demand later this year while major producers maintain supply discipline.
