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Asia shares pare losses as China economy rebounds By Reuters

By Wayne Cole SYDNEY (Reuters) - Asian shares pared early losses on Monday as data confirmed China's economy had bounced back last quarter as factory output jumped, helping partially offset recent disappointing news on U.S. consumer spending. Chinese blue chips gained 0.8% after the economy was reported to have grown 6.5% in the fourth quarter, on a year earlier, topping forecasts of...

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Trump Halts Huawei Supply in Final China Blow, Reuters Says By Bloomberg

(Bloomberg) -- The U.S. government notified several of Huawei Technologies Co.’s suppliers that it’s revoking their licenses to work with the Chinese company and rejecting other applications in the last days of Donald Trump’s presidency, Reuters reported, citing unidentified people familiar with the matter. Current licensed suppliers that have been notified include ...

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Online flower retailer Bloom & Wild raises 75 million pounds By Reuters

(Reuters) - Bloom & Wild, an online flower delivery and gifting platform, on Monday said it has raised 75 million pounds ($102 million) from investors including General Catalyst and Index Ventures to expand across Europe. Founded in 2013, the London-based firm grew revenue by 160% in 2020 and made annual profits for the first time on the back of a surge in...

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Big Oil’s flagship plastic waste project sinks on the Ganges By Reuters

By Joe Brock, John Geddie and Saurabh Sharma SINGAPORE/VARANASI, India (Reuters) - A wheelbarrow and a handful of metal grids for capturing litter, emblazoned with the words “Renew Oceans,” sit rusting outside an empty, padlocked office in the Indian city of Varanasi, a short walk from the Ganges. It is all that is left of a programme, funded by some of the...

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Treasury nominee Janet Yellen to say U.S. does not seek weaker dollar – WSJ By Reuters

(Reuters) - Janet Yellen, President-elect Joe Biden's pick to take over the U.S. Treasury, is expected to affirm the United States' commitment to market-determined foreign exchange rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported on Sunday. The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United States does not seek a...

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Fragile Italian government faces do-or-die votes in parliament By Reuters

By Crispian Balmer ROME (Reuters) - Prime Minister Giuseppe Conte faces two days of parliamentary votes that will decide if his fragile coalition can cling to power or has lost its majority, pushing Italy into deeper political turmoil. Conte will address the lower house on Monday and the upper house, the Senate, on Tuesday about the future of his government after a...

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Google disputes Texas’ suit claiming unfair advertising sales practices By Reuters

NEW YORK (Reuters) - Google said on Sunday that antitrust claims in a Texas lawsuit were "misleading," responding in a blog post as state attorneys general plan suits against the Alphabet (NASDAQ:GOOGL) Inc unit. In December, Texas Attorney General Ken Paxton filed a complaint about Google's advertising technology business, in one of several suits alleging that Google abused its dominance of...

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Exclusive: Trump slams China’s Huawei, halting shipments from Intel, others – sources By Reuters

By Karen Freifeld and Alexandra Alper NEW YORK/WASHINGTON (Reuters) - The Trump administration notified several Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told Reuters.     The action against Huawei Technologies - likely the last...

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Branson’s Virgin Orbit tries to reach space with mid-air rocket launch By Reuters

By Joey Roulette WASHINGTON (Reuters) - Billionaire Richard Branson's Virgin Orbit aims to reach space for the first time on Sunday by launching a rocket from mid-air, a key attempt after aborting the rocket's first test launch last year. If conditions on Sunday hold, the Long Beach, California-based company's 70-foot LauncherOne rocket will be dropped from the wing of a modified Boeing...

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