Exclusive: Facebook and Google could lose bargaining power under upcoming

By Diane Bartz, Helen Coster WASHINGTON (Reuters) – Bipartisan members of Congress plan to introduce a bill in coming weeks to make it easier for smaller news organizations to negotiate with Big Tech platforms, said Rep. Ken Buck, the top Republican on the House Judiciary Committee’s antitrust panel. The U.S. bill would be introduced at a time […]

Toppy stock markets spark more “bubble” chatter

By Thyagaraju Adinarayan, Aaron Saldanha LONDON (Reuters) – A strong start for world equities in 2021 after the fastest bear-to-bull market switch last year has prompted market mavens to flag worries about pricey assets, with BofA calling it the “mother-of-all asset bubbles”. The torrent of cash sloshing around world markets due to the unprecedented stimulus measures […]

Indian shares slip from record highs as financials, Nestle fall

By Sachin Ravikumar BENGALURU (Reuters) – Indian shares eased on Wednesday after scaling record highs for two successive sessions, as investors sold off high-flying financial stocks and Nestle slid after reporting disappointing earnings. Strong corporate earnings, progress in COVID-19 vaccinations and a high-spending federal budget have pushed Indian stocks up 12% in February. The NSE […]

Vale dam disaster: $7bn compensation for disaster victims

Brazil dam collapse Communities hit by a dam disaster in Brazil two years ago which killed 270 people will get a $7bn (£5bn) payout. The Brumadinho dam contained waste from an iron ore mine but gave way, unleashing a sea of mud which engulfed a staff canteen, offices and farms. Senior staff at the company […]

UK reopens Brexit rift with demand for longer N.Ireland grace

By Graham Fahy, William James DUBLIN/LONDON (Reuters) – Britain demanded a two-year extension on Wednesday to a grace period for checks on goods going between Northern Ireland and other parts of the United Kingdom, in a row that threatens to reopen the rift that bedevilled years of Brexit talks. British and EU officials were expected later […]

Security tight at India’s historic Red Fort as farmers vow

By Alasdair Pal, Saurabh Sharma NEW DELHI (Reuters) – Hundreds of police guarded the historic Red Fort in the heart of the Indian capital on Wednesday following violent clashes between farmers and authorities in which one person was killed and at least 80 injured. Tens of thousands of farmers, protesting against reforms of the agriculture sector […]

Biden speaks to Putin for first time since taking power:

By Reuters Staff FILE PHOTO: U.S. President Joe Biden speaks about administration plans to strengthen American manufacturing during a brief appearance in the South Court Auditorium at the White House in Washington, U.S., January 25, 2021. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – U.S. President Joe Biden spoke to Russian President Vladimir Putin on Tuesday for the first […]

Barclaycard customers face higher minimum payments

By Kevin Peachey Personal finance correspondent, BBC News Some Barclaycard customers will see their minimum repayments rise from Tuesday, at a time when finances are already stretched owing to Covid and Christmas. The new requirements are tailored to each customer, although some may see a significant rise in demands. But the changes will also see […]

China takes new foreign investment top spot from US

China has overtaken the US as the world’s top destination for new foreign direct investment, according to UN figures released on Sunday. New investments into America from overseas companies fell by almost half last year, leading to the loss of its number one status. In contrast, UN figures show direct investment into Chinese firms climbed […]

UK firms told ‘set up in EU to avoid trade

By Daniel Thomas Business reporter, BBC News Brexit UK firms that export to the EU say they are being encouraged by the government to set up subsidiaries in the bloc to avoid disruption under new trade rules. Firms have been hit by extra charges, taxes and paperwork, leading some to stop exporting to the EU […]