By David Shepardson WASHINGTON (Reuters) - A second U.S. judge late on Monday granted a preliminary injunction blocking the U.S. Commerce Department from imposing restrictions on Chinese-owned short video sharing app TikTok that would have effectively barred its use in the United States. U.S. District Judge Carl Nichols in Washington issued an order...
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WASHINGTON (Reuters) - Chinese Foreign Minister Wang Yi assured U.S. executives during a videoconference on Sunday that Beijing remained committed to the Phase 1 trade deal with the United States, the head of the US-China Business Council said. "He definitely re-committed. On the Chinese side, it's all systems go. They will fulfill their commitments," US-China Business Council President Craig Allen told Reuters....
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TOKYO (Reuters) - Japanese government will compile a new economic stimulus package totalling 73.6 trillion yen ($708 billion) with fiscal measures at 40 trillion yen ($385 billion) to revive an economy hit hard by the pandemic, Prime Minister Yoshihide Suga said on Tuesday. Speaking at a meeting between government and ruling party officials, Suga said the economic measures would "achieve breakthrough to...
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By Yasin Ebrahim The Dow fell Monday, led by Intel and broad-based weakness in value stocks as rising Covid-19 restrictions offset optimism over an imminent vaccine roll out and signs of progress on a stimulus deal. The Dow Jones Industrial Average fell 0.69%, or 207 points. The S&P 500 was down 0.42%, while the Nasdaq Composite rose 0.17%. The path to a $908...
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By Chibuike Oguh (Reuters) - Nearly 50 buyout firms and investors have signed a global initiative that aims to improve diversity and inclusion among their ranks, a U.S. private equity investor association said on Monday. The move comes as Wall Street tries to shake off its male- and white-dominated image. Only about a fifth of the employees in the alternative asset management...
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By Nina Chestney LONDON (Reuters) - Seven companies, including developer ACWA Power and Spanish utility Iberdrola (MC:IBE), have formed a joint initiative to scale up production of "green" hydrogen in the next six years and bring down costs, they said on Tuesday. "Green" hydrogen is a zero-carbon fuel made by electrolysis,...
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LONDON (Reuters) - Prince Harry is suing the publishers of a British newspaper for libel, joining his wife Meghan who is separately suing them over breach of copyright and data protection, British media reported on Monday. A spokesman for Harry, grandson of Queen Elizabeth, declined to comment. Associated Newspapers, publishers of the Mail...
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By Foo Yun Chee BRUSSELS (Reuters) - Alphabet (NASDAQ:GOOGL) unit Google needs to be more transparent about how it is fighting the spread of "fake news," European Commission Vice President Vera Jourova said on Monday after a video conference with the company's CEO Sundar Pichai. The spread of disinformation via the internet has...
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By Liz Moyer Investing.com -- Stocks were mixed on Monday as Covid-19 surges strained the U.S. healthcare system and a vaccine has yet to receive U.S. approval. The good news is Congress appears closer to an actual deal for more stimulus relief, at least for ailing businesses and the unemployed. Both political parties have been fighting over the terms of the now $908 billion...
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By Yasin Ebrahim The Dow broke its four-day win streak Monday as value stocks came under pressure from rising Covid-19 restrictions following a surge in cases over the past week, though losses were kept in check by optimism over an imminent vaccine roll out. The Dow Jones Industrial Average fell 0.49%, or 148 points. The S&P 500 was down 0.20%, while the Nasdaq...
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