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Markets

Rising economic risks, but Fed likely won’t tweak bond-buying for now

The big slowdown in US jobs growth last month and the surge in COVID-19 cases signal more hurt ahead for the world's largest economy, but those rising risks aren't likely to trigger a rush by the Federal Reserve to ramp up or shift its bond-buying when policymakers meet later this...

Markets

Biden says jobs report is ‘grim,’ warns of ‘dark winter’ as COVID-19 rages

President-elect Joe Biden said Friday's (Dec 4) "grim" jobs report shows the economic recovery is stalling and warned the "dark winter" ahead would exacerbate the pain unless the US Congress passes a coronavirus relief bill immediately.

Markets

US labour market losing steam as COVID-19 pandemic rages

The US economy added the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession.

Markets

New EU-US data transfer pact? Not any time soon, says EU privacy watchdog

Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU privacy watchdog said on Friday.

Markets

US regulator fines The Cheesecake Factory for misleading COVID-19 impact disclosures

The US Securities and Exchange Commission said on Friday it had fined restaurant chain The Cheesecake Factory US$125,000 to settle charges that it misled investors about the impact of the pandemic on its business, the first such case brought by the regulator.

Markets

Chip shortages could slow automotive production, VW and suppliers say

A shortage of chips used in auto manufacturing could disrupt automotive production in China well into next year, industry officials said on Friday (Dec 4), with chip companies saying they are raising prices and expanding their production in response.

Markets

Lufthansa’s unionized ground staff back cost-cutting deal, document shows

A deal to cut costs and save jobs at Lufthansa has won the support of a majority of the Verdi trade union members who work for the German airline as ground staff, according to the results of a ballot seen by Reuters on Friday.

Markets

Analysis: Rising economic risks, but Fed likely won’t tweak bond-buying for now

The big slowdown in U.S. jobs growth last month and the surge in COVID-19 cases signal more hurt ahead for the world's largest economy, but those rising risks aren't likely to trigger a rush by the Federal Reserve to ramp up or shift its bond-buying when policymakers meet later...

Markets

Dish Network reaches US$210 million telemarketing settlement

Dish Network Corp has reached a US$210 million settlement to resolve a lawsuit by the U.S. government and four states over illegal telemarketing, California's attorney general said on Friday.

Markets

Moderna CEO confident of producing 500 million COVID-19 vaccine doses in 2021

Moderna Inc will be able to produce 500 million doses of its COVID-19 vaccine in 2021, Chief Executive Officer Stéphane Bancel said on Friday

Markets

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