LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Monday that people should be positive about Britain’s economic prospects as it emerges from the COVID pandemic but also realistic about the challenges from structural change.FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank […]

(Reuters) – Financial strains on Texas city-owned utilities, rural electric cooperatives and the grid operator has spurred calls for state aid and lured private equity firms into plans to fix multi-billion-dollar charges.FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go NakamuraThe state’s power costs jumped by roughly 10 […]

LONDON (Reuters) – British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge in business during the COVID-19 pandemic, although it still posted a loss for 2020.FILE PHOTO: A courier for food delivery service Deliveroo rides a bike, as as the spread of the coronavirus disease (COVID-19) continues, in London, […]

European stocks are expected to open higher Monday, buoyed by positive U.S. sentiment as the U.S.' Covid relief bill is expected to be approved by the House of Representatives later this week. London's FTSE is seen opening 47 points higher at 6,670, Germany's DAX 52 points higher at 13,973, France's CAC 40 up 33 points at 5,813 and Italy's FTSE MIB […]

SINGAPORE (Reuters) – Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities.FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., […]

FILE PHOTO: The Toyota logo is seen on a Corolla model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse/File PhotoTOKYO (Reuters) – Toyota Motor Corp’s first venture capital fund is investing in startups that help the Japanese automaker refine everyday processes by bringing sharper supply-chain management and robotics to the factory floor, a […]

NEW YORK (Reuters) – The two top Democrats in New York’s state legislature said on Sunday that sexual harassment allegations leveled against Governor Andrew Cuomo by five women, most of them former aides, have undermined his ability to lead and he should resign.FILE PHOTO: New York Governor Andrew Cuomo speaks during a news conference at a vaccination site in the […]

SHENZHEN, China (Reuters) – Chinese drone giant DJI Technology Co Ltd built up such a successful U.S. business over the past decade that it almost drove all competitors out of the market.FILE PHOTO: A drone flies as Chinese drone maker DJI demonstrates their app that tracks a drone’s registration and owner in Montreal, Canada, November 13, 2019. REUTERS/Christinne MuschiYet its […]

NEW YORK (Reuters) – The most powerful New Yorker in Congress, U.S. Senate Majority Leader Chuck Schumer, on Sunday said he backed an investigation into sexual harassment allegations against Governor Andrew Cuomo made by five women, most of them former aides.Slideshow ( 2 images )“Sexual harassment is never acceptable and can never be tolerated,” Schumer, a Democrat, told reporters at […]