NAACP wants Dierbergs to build without tax incentives

ST. LOUIS COUNTY – The NAACP’s St. Louis and St. Louis County affiliates are asking Dierbergs Markets supermarkets to refuse the tax incentive it was granted to build their new store in Crestwood. In addition, the civil rights organization is asking the company to build stores in North County and the parts of St. Louis … Read more

China real estate sector soars with fundraising support, but COVID protests cloud outlook

HONG KONG, Nov 29 (Reuters) – Shares and bonds of Chinese property developers surged on Tuesday after regulators lifted a ban on stock refinancing for listed companies, the latest bailout for a cash-stricken sector that has been a key pillar of the worldwide No. 2 economy. The move will make it easier for developers to … Read more

China’s industrial profits continue to fall as COVID woes take its toll on the economy

Jan-Oct industrial profit -3.0% yr/yr versus -2.3% in Jan-Sept Risks of domestic COVID outbreaks and global recession highlighted BEIJING, Nov 27 (Reuters) – Chinese industrial companies saw aggregate profits fall further in the January-October period as COVID-19 outbreaks flared and cities imposed new virus restrictions, including targeted lockdowns, dampening economic activity. Industrial profits fell 3.0% … Read more

Amazon employees protest on some German, French sites on Black Friday

Actions part of global call by Make Amazon Pay initiative Demonstration calls for better pay Amazon says no disruption to operations BERLIN/PARIS, Nov 25 (Reuters) – Some employees at Amazon (AMZN.O) branches in Germany and France took down tools on Black Friday as part of a global move to target the online retailer on one … Read more

Adidas launches investigation into allegations of misconduct against Kanye West

Nov 24 (Reuters) – Adidas AG (ADSGn.DE) said on Thursday it has launched an investigation into allegations of inappropriate behavior by Kanye West after the German sporting goods manufacturer ended its partnership with the rapper and fashion designer last month. Adidas said it initiated the investigation after receiving an anonymous letter containing several allegations against … Read more

The US was preparing to allow Chevron to boost Venezuela’s oil production

US ready to allow oil giant to produce and sell Venezuelan oil Chevron owes billions in unpaid debts from the state-run PDVSA The US aims to siphon Venezuelan oil sales from shadow firms HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon receive US approval to expand operations in Venezuela and resume oil trading once … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

Dollar Rises as China COVID Concerns Boost Safe Haven Buying

SINGAPORE/LONDON, Nov 21 (Reuters) – The US dollar was solidly higher against major currencies on Monday as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment. China is battling numerous COVID flare-ups. Two deaths were reported in Beijing on Sunday and the city’s most populous district urged residents … Read more

Third Japanese cabinet minister in a month resigns in blow for prime minister

TOKYO, Nov 21 (Reuters) – Japan’s interior minister resigned on Sunday over a funding scandal. He is the third cabinet member to leave in less than a month, a major blow to Prime Minister Fumio Kishida’s already shaky support. Kishida’s approval ratings have plummeted after the assassination of former Prime Minister Shinzo Abe in July … Read more

China’s NetEase tumbles after ending 14-year gaming deal with Blizzard

Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) said on Thursday it will stop offering games like ‘World of Warcraft’ and ‘Hearthstone’ in China from next year once its deal with NetEase (9999.HK) expires. causing shares in the Chinese internet giant to tumble. California-based Blizzard said it could not reach a deal with NetEase that was … Read more