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22 July
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Bank of Canada appoints female deputy governor, boosts size of governing council By Reuters

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OTTAWA (Reuters) - The Bank of Canada, which has acknowledged the need for its leadership to be more diverse, on Wednesday announced the appointment of Sharon Kozicki as a deputy governor, temporarily raising the number of members on the governing council. Kozicki, whose appointment becomes effective on August 2, will for a few months be the only woman on the six-person policy-making council. In December new senior deputy governor Carolyn Rogers will become the second woman on the council, pushing the membership up to seven for a limited time. "This will allow for a broader...

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22 July
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ECB to Move Stimulus Path for New Inflation Goal: Decision Guide By Bloomberg

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(Bloomberg) -- European Central Bank officials will outline on Thursday how their new inflation goal affects their intentions for future monetary policy. Officials will have to adapt their language on interest rates, asset purchases and other tools for an updated strategy agreed earlier this month, which now aims for inflation of 2% and acknowledges that it may temporarily run higher. The discussion will pave the way for a critical debate in September on whether and how to withdraw emergency bond buying. The backdrop is a resurgent euro-area economy that faces steep price increases, but also considerable...

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22 July
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Britain, free of COVID curbs, could see revival of local stores – Barclays By Reuters

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(Reuters) - Britain's retailers could open thousands of local high street stores over the next 12 months as people start to step out again after months of coronavirus curbs, according to research from Barclays (LON:BARC). With home and hybrid working patterns expected to continue into 2022, a quarter of consumers surveyed by Barclays say the best way a retailer can attract them is by opening stores in their local area rather than in city centres. "E-commerce has been the undisputed winner of the pandemic but not far behind are community high streets, as shoppers...

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22 July
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Sport-Parliamentary inquiry urges UK-wide minimum standard protocol for head injuries By Reuters

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(Reuters) - The British government has been urged to mandate a minimum standard protocol for concussions across sports in a bid to reduce the risk of brain injuries among athletes, according to a parliament committee report published on Thursday. The Digital, Culture, Media & Sport Committee (DCMS) launched an inquiry in March to examine links between concussion and dementia as well as efforts to improve player welfare in professional sports. After considering evidence from medical experts and sports governing bodies, the committee chair Julian Knight said he was astounded that sport should be left by the...

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22 July
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Australian regulator to probe Amazon.com, eBay and other online markets By Reuters

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SYDNEY (Reuters) - The Australian antitrust regulator on Thursday kicked off an inquiry into the local units of Amazon.com Inc (NASDAQ:AMZN), eBay Inc (NASDAQ:EBAY) and other online markets to ensure fairness in a sector where sales have soared through the coronavirus pandemic. The Australian Competition and Consumer Commission (ACCC), which previously slapped the world's toughest content licencing rules on internet giants Facebook Inc (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc's Google, called for industry submissions. "Online marketplaces are an important and growing segment of the economy so it is important that we understand how online...

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22 July
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Warning signs for global recovery as Delta dims outlook By Reuters

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(Refiles to fix repetition in first paragraph) By Saikat Chatterjee and Ritvik Carvalho LONDON (Reuters) - A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time soon. Data from the United States and China, which account for more than half of world growth, suggests a slowdown in the recent blistering pace of the global economy alongside rising prices for all manner of goods and raw materials. Coinciding with a resurgence in the Delta...

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22 July
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Social audio app Clubhouse is no longer invite-only By Reuters

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By Elizabeth Culliford (Reuters) - Live audio app Clubhouse has removed its invite system so that anyone can join the platform, it said on Wednesday. The social app, which saw explosive early growth during the COVID-19 pandemic, previously required people to be invited by an existing user or request to join a waitlist. It said in a blog post that it had always planned to open up the app but that invites had been a way of tempering user numbers. Clubhouse faces new competition from social media companies, including Facebook (NASDAQ:FB), Twitter, as well as streaming...

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22 July
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ECB set to promise even longer support to charge inflation By Reuters

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By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank is all but certain to promise an even longer period of stimulus on Thursday to make good on its commitment to boost inflation but the debate among policymakers is likely to be tense and no new measures will be announced. The Governing Council will meet for the first time since the ECB unveiled a tweaked inflation target earlier this month, the culmination of an 18-month strategic review of its roles in an array of areas from inflation to climate change. Among its conclusions,...

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21 July
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Tesla will ‘most likely’ restart accepting bitcoin as payments, says Musk By Reuters

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(Reuters) -Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments, Chief Executive Officer Elon Musk said at a conference on Wednesday. Musk's comments come after Tesla said in May it would stop accepting bitcoin for car purchases. "Tesla would resume accepting bitcoin, it is most likely" Musk said at the B Word conference, where Square Inc (NYSE:SQ)'s Jack Dorsey also took part. Musk said he personally owned bitcoin, ethereum and dogecoin, apart from bitcoin that Tesla and SpaceX owned. Bitcoin was up 8% at $32,160.16, while ether surged 11.6% to...

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21 July
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Big 3 U.S. drug distributors, J&J reach landmark $26 billion opioid settlement By Reuters

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By Nate Raymond (Reuters) -A group of state attorneys general unveiled on Wednesday a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson (NYSE:JNJ) helped fuel a deadly nationwide opioid epidemic. Under the settlement proposal, distributors McKesson Corp (NYSE:MCK), Cardinal Health Inc (NYSE:CAH) and AmerisourceBergen (NYSE:ABC) Corp are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion. "There's not enough money in the world frankly to address the pain and suffering," said Connecticut Attorney General William Tong. He...

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