15 December

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Japan’s economy needs years to return to pre-pandemic levels – Reuters poll

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By Kaori Kaneko TOKYO (Reuters) - Japan's economy will suffer a smaller contraction this year than initially forecast but won't return to pre-coronavirus pandemic levels until at least early 2022, economists in a Reuters poll said. Analysts polled were split on the Bank of Japan's next policy move even as the economy continues to suffer from the pandemic's fallout, underscoring a widening...

15 December

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China’s factory recovery steps up as export, consumer demand grows

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By Kevin Yao and Gabriel Crossley BEIJING (Reuters) -China's factory output grew at the fastest pace in 20 months in November, as revived consumer spending and a gradual easing of COVID-19 restrictions in major trading partners lifted demand for the country's manufactured goods. Industrial output growth quickened to 7.0% in November from a...

15 December

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Hyundai Motor nominates Genesis head as new co-CEO

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SEOUL (Reuters) - Hyundai Motor nominated Jaehoon Chang, global head of its premium Genesis brand, as the co-CEO and president on Tuesday, it said in a statement. Lee Won-hee, existing president and co-CEO, will focus on securing a competitive edge in future automotive businesses such as optimizing global businesses and strengthening technology development, the automaker said. ...

15 December

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Apple supplier Wistron puts India plant damage at up to $7 million

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TAIPEI (Reuters) - The ransacking of an iPhone manufacturing facility in India caused up to T$200 million ($7.12 million) in damage though production facilities were not as badly hit as reported, its Taiwan-based operator Wistron Corp said on Tuesday. Thousands of contract workers gathered on the grounds of the Wistron site on the...

15 December

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Jet fuel prices take flight as vaccine roll-outs spur hopes of more air travel

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By Koustav Samanta, Ahmad Ghaddar and Stephanie Kelly SINGAPORE/LONDON/NEW YORK (Reuters) - Global jet fuel markets are coming back to life, resuscitated by a rebound in air cargo demand, gradually recovering passenger traffic and hopes that COVID-19 vaccines will spur more international flights in 2021. The pandemic brought air travel to a virtual halt this year, and analysts say it may take...

15 December

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London to be placed in England’s top tier of COVID restrictions, Mirror reports

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LONDON (Reuters) - London is to be moved up into "Very High alert", the most restrictive level of England's tiered COVID-19 restrictions system, the Daily Mirror's political editor reported, citing lawmakers she said had heard the news from the health minister. "MPs on call with Health Secretary Matt Hancock say he has confirmed London and parts of Hertfordshire and Essex to move...

15 December

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Asian stocks dip as investors curb vaccine enthusiasm

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By David Henry NEW YORK (Reuters) - Asian stocks came under pressure on Tuesday following a mixed Wall Street session, as concerns about increasing COVID-19 deaths, infections and lockdowns overshadowed optimism about the start of coronavirus vaccinations. Australian S&P/ASX 200 lost 0.12% in early trading while {{178|Japan's NiNikkei 225 futures fell 0.13%. E-mini futures for the S&P 500 rose 0.21%. The...

15 December

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Airlines warned over safety as jets return from pandemic storage

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By Jamie Freed SYDNEY (Reuters) - Regulators, insurers and experts are warning airlines to take extra care when reactivating planes left in extended storage during the COVID-19 pandemic, citing potential pilot rustiness, maintenance errors and even insect nests blocking key sensors. The unprecedented number of aircraft grounded as coronavirus lockdowns blocked air travel - at one point reaching two-thirds of the global...

15 December

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California fines Uber for failure to cooperate with assault probe

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(Reuters) - Ride-hailing firm Uber Technologies (NYSE:UBER) Inc was fined $59 million on Monday for failing to provide the California Public Utilities Commission (CPUC) with information on certain sexual assault and harassment claims. Uber's permit could be suspended if it fails to pay the penalty within 30 days, according to the ruling. (https:// The administrative judge last year ordered Uber to answer...

15 December

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Facebook, Twitter face British fines if fail on harmful content

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LONDON (Reuters) - Facebook (NASDAQ:FB), Twitter and TikTok face fines of up to 10% of turnover if they fail to remove and limit the spread of illegal content under laws proposed by Britain on Tuesday. Tech platforms will also need to do more to protect children from being exposed to grooming, bullying and...

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News

Japan’s economy needs years to return to pre-pandemic levels – Reuters poll

China’s factory recovery steps up as export, consumer demand grows

Hyundai Motor nominates Genesis head as new co-CEO

Apple supplier Wistron puts India plant damage at up to $7 million

Jet fuel prices take flight as vaccine roll-outs spur hopes of more air travel

London to be placed in England’s top tier of COVID restrictions, Mirror reports

Asian stocks dip as investors curb vaccine enthusiasm

Airlines warned over safety as jets return from pandemic storage

California fines Uber for failure to cooperate with assault probe

Facebook, Twitter face British fines if fail on harmful content

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