FILE PHOTO: U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado RuvicNEW YORK (Reuters) – The U.S. benchmark 10-year Treasury yield on Monday hit 3% for the first time since December 2018, a psychological milestone that
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China COVID hard line eats into everything from Teslas to tacos
SHANGHAI (Reuters) – When Tesla’s Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand.FILE
Wall St inches higher as Meta earnings offset GDP gloom
(Reuters) – Wall Street edged higher on Thursday as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter.FILE PHOTO: Raindrops hang on a sign
Apple supplier Foxconn suspends production at two China factories – SCMP
FILE PHOTO: A poster with a logo of Foxconn is seen at the IEEE Global Communications Conference in Taipei. Taiwan, December 9, 2020. REUTERS/Ann Wang(Reuters) – Apple Inc’s prime supplier Foxconn Technology Group halted operations at two of its factories
U.S. lawmakers urge Facebook to do more to fight Russia propaganda in Spanish
FILE PHOTO: 3D-printed images of the logos of Facebook and parent company Meta Platforms are seen on a laptop keyboard in this illustration taken on November 2, 2021. REUTERS/Dado RuvicWASHINGTON (Reuters) – A group of 21 U.S. lawmakers sent a
Is reform ahead for Auckland port as council tackles financial squeeze?
Auckland’s port could pay rent instead of dividends to the city and its management be leased out under options being considered by Auckland Council. Mayor Phil Goff said the council is looking at options for a step-change improvement in the
The great hybrid return to work: Working from home has boosted local shops and cafes
As businesses abandon CBD working with many employees working from home, experts predict retailers will too, with the city centre instead becoming a hub for events, arts, functions, write Kirsty Wynn and Sophie Trigger. Just as Omicron was getting its
Steven Joyce: Alarm bells are ringing, but whos listening?
Easter is historically a time for new beginnings. It is also about the only time of the year outside of Christmas when we get a proper break to take stock. We are nearly a third of the way through this
NZ housing market now in full retreat – ASB
March Real Estate Institute (REINZ) data shows New Zealand’s housing market in “full retreat” as credit tightening and higher mortgage rates hobble demand, says ASB economist Mike Jones. “The RBNZ is getting a wriggle on with interest rates so we
China's imports unexpectedly fall on domestic COVID curbs
BEIJING (Reuters) -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened demand, while export growth slowed slightly and analysts expected trade to worsen in the second quarter.FILE PHOTO: Trucks