By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing activity slowed in November, with new orders retreating from their highest level in nearly 17 years, as a resurgence in COVID-19 cases across the nation kept workers at home and...
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U.S. bank profits recover from early 2020 turmoil, still down from year prior
By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits were significantly higher in the third quarter than the first half of 2020, although the industry still lagged behind 2019 levels, a regulator reported on Tuesday. The...
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De Beers plans to clean up diamond supply chain, be carbon neutral by 2030
(Removes reference to toxic levels in 6th paragraph and rewords first to remove reference to investor pressure on De Beers) (Reuters) – Diamond mining giant De Beers on Monday outlined plans to be carbon neutral by 2030 and add to...
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Regulations needed to stem cocoa sector abuses: report
By Maytaal Angel LONDON (Reuters) – Regulations are needed to end poverty, human rights abuses and deforestation in the cocoa sector after two decades of voluntary interventions that have had little to no impact, a major report on...
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COVID-19 vaccine sprint as Pfizer-BioNTech, Moderna seek emergency EU approval
By Ludwig Burger FRANKFURT (Reuters) – Moderna and Pfizer-BioNTech are in a tight race to launch their COVID-19 vaccines in Europe after both applied for emergency EU approval on Tuesday, though there was uncertainty over whether a...
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Debenhams set to shut shop after 242 years as pandemic hammers UK retail
By James Davey LONDON (Reuters) – British department store group Debenhams is set to close all its UK shops after 242 years in business, putting 12,000 jobs at risk in the country’s second major corporate failure in as many...
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