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10 May
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Dollar licks wounds after payrolls shock, focus turns to inflation By Reuters

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By Kevin Buckland TOKYO (Reuters) - The dollar languished near a more than two-month low versus major peers on Monday as investors continued to assess the implications for monetary policy of a disappointing U.S. employment report, ahead of inflation data this week. The U.S. created only a little more than a quarter of the jobs that economists had forecast last month and the unemployment rate unexpectedly ticked higher, pouring cold water on speculation the pandemic recovery could spark faster inflation that the Federal Reserve anticipates. The dollar index, which measures the greenback against six rivals, stood...

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10 May
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Stocks look to gain on payrolls miss, oil up after cyber attack By Reuters

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By Stanley White TOKYO (Reuters) - Stocks rose on Monday amid speculation that interest rates will remain low for an extended period due to the receding risk of a rapid acceleration in inflation, while oil prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.49% Futures for Japan's Nikkei rose 0.03%. Australian S&P/ASX 200 futures were down 0.06%. U.S. stock futures rose 0.12%. U.S. nonfarm payrolls data on Friday showed jobs growth unexpectedly slowed in April, which gave equities a lift but put...

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09 May
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UK rail operators withdraw some Hitachi trains due to cracks By Reuters

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LONDON (Reuters) - The British government asked the rail industry on Sunday to urgently announce how it was going to deal with disruption to services after several operators were forced to withdraw part of their fleets because of cracks discovered on certain trains. Checks carried out on Saturday on Class 800 Series trains made by Japan's Hitachi identified cracks on part of the chassis of some trains, prompting operators including GWR and LNER to remove all their trains of that class. "I have directed the rail industry to urgently set out a comprehensive plan to ensure...

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09 May
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Ransom group linked to Colonial Pipeline hack is new but experienced By Reuters

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By Raphael Satter WASHINGTON (Reuters) - The ransomware group linked to the extortion attempt that has snared fuel deliveries across the U.S. East Coast may be new, but that doesn't mean its hackers are amateurs. Who precisely is behind the disruptive intrusion into Colonial Pipeline hasn't been made officially known and digital attribution can be tricky, especially early on in an investigation. A former U.S. official and two industry sources have told Reuters that the group DarkSide is among the suspects. Cybersecurity experts who have tracked DarkSide said it appears to be composed of veteran cybercriminals...

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09 May
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Ford recalls 661,000 Explorer SUVs in North America By Reuters

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By David Shepardson WASHINGTON (Reuters) - Ford Motor (NYSE:F) Co is recalling 661,000 Explorer sport utility vehicles in North America at the request of U.S. regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle. The recall covers 2016 through 2019 model year vehicles. Dealers will install push-pins and replace any damaged rail clips and roof rail covers. The second-largest U.S. automaker said in documents https://static.nhtsa.gov/odi/rcl/2021/RMISC-21V316-0418.pdf posted Sunday that the National Highway Traffic Safety Administration first inquired about the issue in early 2020 following 11 reports of roof rail cover...

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09 May
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SpaceX accepts dogecoin as payment to launch a lunar mission next year By Reuters

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(Reuters) - SpaceX will launch the "DOGE-1 Mission to the Moon" in the first quarter of next year, with Elon Musk's commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment. Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, with the statement not disclosing the mission's financial value. "We're excited to launch DOGE-1 to the Moon!", SpaceX Vice President of Commercial Sales Tom Ochinero was quoted as saying in the statement released by Geometric Energy. "This mission will demonstrate the application of cryptocurrency beyond Earthorbit and set the foundation for interplanetary commerce". Musk said...

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09 May
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Dutch govt grants $2.4 billion in subsidies to huge carbon storage project By Reuters

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AMSTERDAM (Reuters) - The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell (LON:RDSa) and ExxonMobil (NYSE:XOM) around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, the Port of Rotterdam said on Sunday. Shell and Exxon requested the subsidies in January together with industrial gas suppliers Air Liquide (PA:AIRP) and Air Products (NYSE:APD) for a project which aims to capture CO2 emitted by factories and refineries in the Rotterdam port area and...

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09 May
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Emirates to fly medical aid to India for free By Reuters

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DUBAI (Reuters) - Emirates airline said on Sunday it will fly medical supplies from Dubai to nine cities in India free of charge from this week to help battle a devastating upsurge in the coronavirus. International aid has poured in for India, where record infection rates have overwhelmed hospitals, depleting medicines, oxygen tanks and other supplies. Earlier this month, Qatar Airways also airlifted 300 tonnes of aid free of charge from Doha to India. Emirates will provide free spare capacity to transport supplies from charities based in Dubai, divisional senior vice president Nabil...

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09 May
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China to create ‘line of separation’ at Everest summit on COVID fears By Reuters

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BEIJING (Reuters) - China will set up "a line of separation" at the summit of Mount Everest to prevent the mingling of climbers from COVID-hit Nepal and those ascending from the Tibetan side as a precautionary measure, Chinese state media reported on Sunday. Everest base camp on the Nepalese side has been hit by coronavirus cases since late April. The Nepalese government, starved of tourism revenue, has yet to cancel the spring climbing season, usually from April to early June before the monsoon rains. It was not immediately clear how the line would be enforced...

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09 May
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Top U.S. fuel pipeline operator pushes to recover from cyberattack By Reuters

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(Reuters) - Colonial Pipeline, top U.S. fuel pipeline operator, continued work on Sunday to recover from a ransomware cyberattack that forced it to shut down on Friday and sparked worries of a spike in retail gasoline prices. The incident is one of the most disruptive digital ransom operations ever reported and has prompted calls from American lawmakers to tighten up protection for critical U.S. energy infrastructure against hackers. Colonial said on Saturday it was "continuing to monitor the impact of this temporary service halt" and to work to restore service. It did not give an...

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