01 September

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Moderna to recall COVID-19 doses in Japan after stainless steel contaminants found By Reuters

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By Rocky Swift and Carl O'Donnell TOKYO (Reuters) -Moderna Inc and Takeda Pharmaceutical Co Ltd on Wednesday said they are working with Japanese authorities to recall three batches of COVID-19 vaccine after an investigation found stainless steel contaminants in some vials. Japanese authorities had suspended use of these batches of Moderna (NASDAQ:MRNA) shots containing 1.63 million doses last week after being notified of the contamination issue. Japan's health ministry said on Wednesday, based on information from the companies' investigation, that it did not believe the particles of stainless steel pose any additional health...

01 September

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Travel stocks, retailers lift FTSE 100; mid-cap index hits record high By Reuters

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By Devik Jain and Amal S (Reuters) -London's FTSE 100 ended higher on Wednesday, helped by gains in travel stocks and retailers, while data showed UK factory activity grew in August at the weakest rate for six months. The blue-chip FTSE 100 index climbed 0.4% to have its best session in three weeks, with travel and leisure stocks and retailers both up over 1%. Meanwhile, a survey showed British factory output grew in August at the weakest rate for six months as supply chain problems weighed on manufacturers' recovery from the COVID-19 pandemic. The FTSE 100...

01 September

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Twitter launches ‘safety mode’ to block accounts for harmful language By Reuters

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(Reuters) - Twitter Inc (NYSE:TWTR) will launch a safety feature that would allow users to temporarily block accounts for seven days for using harmful language or sending uninvited replies, the social media platform said on Wednesday. Once the Safety Mode is turned on, Twitter's systems will check the tweet content to assess the likelihood of a negative engagement and the relationship between the author and replier. Accounts frequently interacted with will not be auto-blocked, the company said, as it takes existing relationships into account. Twitter has earlier taken several steps to address harassment...

01 September

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Fed’s Next Big Policy Debate: How to Define Maximum Employment By Bloomberg

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(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Federal Reserve officials are moving on to their next big policy debate: defining their “broad and inclusive” maximum-employment goal that they have pledged to reach before raising interest rates. With Chair Jerome Powell and colleagues paving the way to slowing their massive asset-purchase program this year, attention will turn to when they will hike rates for the first time since 2018. Seven of 18 policy makers wanted to raise in 2022 and that number could grow when the Fed releases updated economic...

01 September

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Bank of England appoints Huw Pill as Chief Economist By Investing.com

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By Samuel Indyk Investing.com – The Bank of England (BoE) has announced it has appointed Huw Pill as Chief Economist and Executive Director for Monetary Analysis. He will begin in his role on 6th September 2021. Pill will also take a seat on the BoE’s Monetary Policy Committee (MPC), the group that is responsible for making decisions about the Bank Rate and the central bank’s quantitative easing programme. Pill is replacing Andrew Haldane, who left his role as Chief Economist on 30th June 2021. Pill will report to Bank of England Deputy Governor for Monetary...

01 September

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Bank of England names former Goldman economist Pill to chief economist role By Reuters

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LONDON (Reuters) - The Bank of England named Huw Pill, a former chief European economist at Goldman Sachs (NYSE:GS) with lengthy previous experience at the European Central Bank, as its new chief economist, replacing Andy Haldane who stepped down earlier this year. Pill worked at Goldman Sachs until 2018 and is currently a senior lecturer in business administration at Harvard Business School. Much of his career was spent at the ECB, where he was deputy director-general for research, although he did work at the BoE from 1990-92 after finishing his undergraduate studies. "Huw will make a...

01 September

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Pope denies resignation report, says leads normal life after surgery By Reuters

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By Philip Pullella VATICAN CITY (Reuters) - Pope Francis is not thinking of resigning and is living "a totally normal life" following intestinal surgery in July, he said in a radio interview broadcast on Wednesday. Speaking to Spanish radio network COPE, Francis, 84, dismissed an Italian newspaper report that he might step down, saying: "I don't know where they got it from last week that I was going to resign ...

01 September

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UK competition regulator clears National Grid’s $11 billion purchase of WPD By Reuters

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By Pamela Barbaglia LONDON (Reuters) -Britain's competition regulator cleared National Grid (LON:NG)'s proposed acquisition of the United Kingdom's largest electricity distribution business on Wednesday without referring the $11 billion deal to a lengthy investigation. National Grid agreed in March to buy Western Power Distribution (WPD), which runs grids in the English midlands and southwest regions, as well as Wales, from U.S.-based PPL Corp (NYSE:PPL). The deal does not merit a so-called Phase 2 investigation, the Competition and Markets Authority (CMA) said, despite initial concerns the merger would result in National Grid and WPD...

01 September

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Luxury billionaire Arnault sells out of retailer Carrefour By Reuters

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PARIS (Reuters) -French luxury goods billionaire Bernard Arnault has sold out of supermarket group Carrefour (PA:CARR), the retailer he first invested in 14 years ago and whose potential takeover by Canada's Couche-Tard unravelled earlier this year. Arnault held a 5.7% stake via his Financiere Agache holding company, which raised 724 million euros ($854 million) by selling shares on the market in an accelerated bookbuilding process, bookrunner Societe Generale (PA:SOGN) said on Wednesday. Carrefour shares were down just over 5% in early trading. The Agache stake was sold at 16...

01 September

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ECB decisions to reflect better growth: de Guindos By Reuters

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FRANKFURT (Reuters) - The euro zone economy is growing quicker than earlier predicted and the European Central Bank will factor this into its policy decisions, ECB Vice President Luis de Guindos told a Spanish newspaper. As borrowing costs stay extra low and the euro zone has largely avoided the worst of the pandemic's Delta variant, several policymakers have called for a reduction in emergency bond purchases as soon as next week, in preparation for their end next March. "The economy is performing better in 2021 than we expected, and this will be reflected in the projections...

Меню

Moderna to recall COVID-19 doses in Japan after stainless steel contaminants found By Reuters

Travel stocks, retailers lift FTSE 100; mid-cap index hits record high By Reuters

Twitter launches ‘safety mode’ to block accounts for harmful language By Reuters

Fed’s Next Big Policy Debate: How to Define Maximum Employment By Bloomberg

Bank of England appoints Huw Pill as Chief Economist By Investing.com

Bank of England names former Goldman economist Pill to chief economist role By Reuters

Pope denies resignation report, says leads normal life after surgery By Reuters

UK competition regulator clears National Grid’s $11 billion purchase of WPD By Reuters

Luxury billionaire Arnault sells out of retailer Carrefour By Reuters

ECB decisions to reflect better growth: de Guindos By Reuters

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