By Karin Strohecker and Simon Jessop LONDON (Reuters) – Brazil’s shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their $1 trillion-plus exposure to...
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U.S. Senate referee says Democrats cannot include $15 minimum wage in COVID bill
WASHINGTON (Reuters) – In a blow to Democrats, the Senate parliamentarian ruled the chamber cannot include President Joe Biden’s proposed $15-an-hour minimum wage in a $1.9 trillion coronavirus bill the party aims to pass...
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Carbon offsets gird for lift-off as big money gets close to nature
By Susanna Twidale and Shadia Nasralla LONDON (Reuters) – An expected dash by big corporations for offsets to meet their climate targets has prompted financial exchanges to launch carbon futures contracts to capitalise on what could...
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ByteDance agrees to $92 million privacy settlement with U.S. TikTok users
By David Shepardson and Echo Wang WASHINGTON (Reuters) – ByteDance has agreed to a $92 million class-action settlement to settle data privacy claims from some U.S. TikTok users, according to documents filed Thursday in U.S. District...
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U.S. business group, officials push for swift action on infrastructure
By David Shepardson WASHINGTON (Reuters) – The U.S. Chamber of Commerce, unions and elected U.S. officials are urging Congress to take speedy action to dramatically boost spending on crumbling U.S. infrastructure. This week, the...
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Australian parliament passes media reforms after last-ditch changes
By Colin Packham and Swati Pandey CANBERRA (Reuters) – Australia’s parliament passed a law on Thursday to make Alphabet Inc’s Google and Facebook Inc pay media companies for content on their platforms in reforms that...
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