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Bitcoin and ethereum prices ‘seem high,’ says Musk By Reuters

(Reuters) - Billionaire CEO Elon Musk said on Saturday the price of bitcoin and ethereum seemed high, at a time when the cryptocurrencies have hit record highs, with bitcoin crossing the $1 trillion market-capitalization threshold. The chief executive of Tesla Inc, whose recent tweets have fueled the digital-currency rally, made the remark on Twitter while replying to a user who said that...

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FTSE Russell to include 11 stocks from China’s STAR Market in global benchmarks By Reuters

SHANGHAI (Reuters) - Index provider FTSE Russell will add 11 stocks from China's STAR Market to its global benchmarks, according to a post on its website from Friday. The move marks the first time shares from Shanghai's Nasdaq-style STAR Market for stocks in China have been included in a global index. The 11 stocks include Raytron Technology Co Ltd, Zhejiang HangKe...

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Foxconn chairman says expects ‘limited impact’ from chip shortage on clients By Reuters

TAIPEI (Reuters) - The chairman of Apple Inc (NASDAQ:AAPL) supplier Foxconn said on Saturday he expects his company and its clients will face only "limited impact" from a chip shortage that has rattled the global automotive and semiconductor industries. "Since most of the customers we serve are large customers, they all have proper precautionary planning," said Liu Young-way, chairman of the manufacturing...

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Citigroup considering divestiture of some foreign consumer units – Bloomberg Law By Reuters

(Reuters) - Citigroup Inc (NYSE:C) is considering divesting some international consumer units, Bloomberg Law reported on Friday, citing people familiar with the matter. The discussions are around divesting units across retail banking in the Asia-Pacific region, the report https:// said. "As our incoming CEO Jane Fraser said in January, we are undertaking a dispassionate and thorough review of our strategy,"...

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Facebook has ‘tentatively friended’ us again, Australia says By Reuters

By Colin Packham CANBERRA (Reuters) - Facebook Inc (NASDAQ:FB) is back at the negotiating table, Australian Prime Minister Scott Morrison said on Saturday after the tech giant this week blocked news on its site in the country. Facebook's abrupt decision to stop Australians from sharing news on the site and strip the pages of domestic and foreign news outlets also...

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World Bank pushing for standard vaccine contracts, more disclosure from makers By Reuters

By Andrea Shalal WASHINGTON (Reuters) - The World Bank is working to standardize COVID-19 vaccine contracts that countries are signing with drug makers, and is pushing manufacturers to be more open about where doses are headed, as it races to get more vaccines to poor countries, the bank's president said on Friday. World Bank President David Malpass told Reuters he expected the...

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Packaged food giants push direct online sales to gauge consumer tastes By Reuters

By Siddharth Cavale and Nivedita Balu (Reuters) - Packaged food giants including Kraft Heinz (NASDAQ:KHC), General Mills and Kellogg are pushing sales of their products to consumers directly via their own online channels, in a quest to gather more data about shoppers' purchasing habits. Velveeta-cheese maker Kraft Heinz saw its e-commerce sales double in 2020, now representing more than 5% of...

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Google to evaluate executive performance on diversity, inclusion By Reuters

By Paresh Dave (Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google will evaluate the performance of its vice presidents and above on team diversity and inclusion starting this year, the company said on Friday in one of several responses to concerns about its treatment of a Black scientist. Timnit Gebru, co-leader of Google's ethical artificial intelligence research team, said in December that Google abruptly...

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U.S. FAA tracking all Boeing 737 MAX airplanes via satellite data By Reuters

By David Shepardson WASHINGTON (Reuters) - The U.S. Federal Aviation Administration (FAA) said on Friday it is tracking all Boeing (NYSE:BA) 737 MAX airplanes using satellite data under an agreement with air traffic surveillance firm Aireon LLC. Aireon and L3Harris Technologies announced in November a new partnership with the FAA giving the agency broad access to Aireon’s real-time air traffic surveillance Automatic...

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