Exclusive: ECB union says staff losing faith in leadership over inflation, pay

Exclusive: ECB union says staff losing faith in leadership over inflation, pay

40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This Jan. 17 story has been corrected to restore the dropped words in paragraph 11) European Central Bank staff are losing confidence in the institution’s leadership following … Read more

COVID travel curbs against Chinese visitors ‘discriminatory’ -state media

COVID travel curbs against Chinese visitors ‘discriminatory’ -state media

U.S., Japan, others require COVID tests from Chinese visitors China state media calls COVID travel curbs “discriminatory” China’s factory activity likely cooled in December -poll BEIJING, Dec 30 (Reuters) – Chinese state-media said COVID-19 testing requirements imposed by several places around the world in response to a surging wave of infections were “discriminatory”, in the … Read more

TSMC starts volume production of most advanced chips in Taiwan

TSMC starts volume production of most advanced chips in Taiwan

TAINAN, Taiwan, Dec 29 (Reuters) – Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company’s chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the … Read more

China’s vast countryside in rush to bolster COVID defences

China’s vast countryside in rush to bolster COVID defences

Hospitals, funeral parlours overwhelmed by COVID wave Some countries impose testing rules on Chinese travellers China reports one new COVID death for Dec. 28 SHANGHAI/BEIJING, Dec 29 (Reuters) – China’s sprawling and thinly resourced countryside is racing to beef up medical facilities before hundreds of millions of factory workers return to their families for the … Read more

Twitter back online after global outage hits thousands

Twitter back online after global outage hits thousands

Dec 28 (Reuters) – Twitter Inc suffered a major outage on Wednesday, leaving tens of thousands of users globally unable to access the popular social media platform or use its key features for several hours before services appeared to come back online. The incident is the social media site’s first apparent widespread service disruption since … Read more

Ship insurers to cancel war cover for Russia, Ukraine from Jan 1

Ship insurers to cancel war cover for Russia, Ukraine from Jan 1

LONDON, Dec 28 (Reuters) – Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them the first opportunity to … Read more

Chinese hospitals, funeral homes ‘extremely busy’ as COVID spreads unchecked

Chinese hospitals, funeral homes ‘extremely busy’ as COVID spreads unchecked

Hospitals, funeral parlours report surge in COVID infections China reports three new COVID deaths for Tuesday Some countries consider travel rules for Chinese visitors CHENGDU, Dec 28 (Reuters) – Chinese hospitals and funeral homes were under intense pressure on Wednesday as a surging COVID-19 wave drained resources, while the scale of the outbreak and doubts … Read more

Wall St stocks fall, oil rises as China drops quarantine rule

Wall St stocks fall, oil rises as China drops quarantine rule

NEW YORK/LONDON, Dec 27 (Reuters) – Wall Street’s benchmark S&P 500 and the Nasdaq fell on Tuesday after the release of U.S. economic data, while oil prices rose after China said it would scrap its COVID-19 quarantine rule for inbound travellers, which was seen as a major step in reopening its borders. U.S. Treasury yields … Read more

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Dec 27 (Reuters) – Sam Bankman-Fried’s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused … Read more

Chinese make travel plans as Beijing dismantles zero-COVID rules

Chinese make travel plans as Beijing dismantles zero-COVID rules

China to ease border restrictions from Jan. 8 Online searches for flights spike – travel platforms COVID wave overwhelms hospitals, weighs on economy BEIJING, Dec 27 (Reuters) – Chinese people, cut off from the rest of the world for three years by stringent COVID-19 curbs, flocked to travel sites on Tuesday ahead of borders reopening … Read more