Business News

LONDON (Reuters) — With electric car sales soaring and regulations increasingly favoring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era. As part of its own 30 billion eur…

(Reuters) — Amazon.com Inc said on Monday it plans to hire 150,000 seasonal workers in the United States during the holiday period, as the e-commerce giant prepares for a shopping season expected to be characterized by high demand and supply headaches. Last year, the company announced 100,000 seaso…

IT&E advises mobile subscribers that effective Oct. 24, 2021, all local phone calls in the CNMI must include the 670 area code. The new dialing procedure impacts all outgoing calls made from mobile devices. Calls from landline numbers will not be affected. The area code must be dialed first, fo…

FRANKFURT (Reuters) — Tesla boss Elon Musk has addressed 200 Volkswagen executives via a video call after an invitation from the German carmaker’s CEO Herbert Diess, who wants to galvanize VW’s top brass for a faster pivot to electric vehicles. The comments on Thursday by Musk to a VW m…

HOUSTON/CARACAS (Reuters) — An Iran-flagged supertanker on Saturday was about to set sail from Venezuelan waters carrying 2 million barrels of heavy crude provided by state-run oil firm PDVSA, according to documents seen by Reuters and vessel tracking services. The shipment is part of a deal agreed…

(Reuters) — “Squid Game,” Netflix Inc’s biggest original series launch, is estimated to be worth almost $900 million for the streaming giant, Bloomberg News reported late on Saturday, citing figures from an internal Netflix document. The nine-episode thriller, in which cash-strapp…

LONDON/TOKYO (Reuters) — From beef bowls in Tokyo to fried chicken in London, consumers are starting to feel the pinch from the surge in costs coursing through the global economy. The rebound as coronavirus restrictions are eased has exposed supply chain shortages, with firms scrambling for workers…

(Reuters) — Current high levels of inflation may not abate as soon as many U.S. Federal Reserve policymakers expect, St. Louis Fed President James Bullard said on Thursday, as he once again urged the central bank to pursue a faster taper of its bond-buying program. “I think this is concerning…

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits dropped below 300,000 last week for the first time in 19 months, further evidence that a shortage of workers was behind slower job growth rather than weakening demand for labor. With the second straight weekl…

LONDON (Reuters) — U.S. debt ceiling wrangles and the euro’s growing dominance of bond issuance linked to environmental or sustainability goals could start to chip away at Treasuries’ status as the ultimate reserve asset, putting Europe in a position to boost its share. The $22 trillion…