Rio Tinto shares slump as Serbia pulls plug on its $2.4 bln lithium project

Serbia revokes Rio’s licenses to explore for lithium Stock prices drop as cancellation is seen as a major setback Cancellation means greater lithium shortage – Analyst MELBOURNE (Reuters) – Shares tumbled in Rio Tinto on Friday after Serbia revoked licenses to explore for lithium over environmental concerns, hurting the Anglo-Australian miner’s ambition to become Europe’s … Read more

Peloton plans workforce size review, production changes

Jan 20 (Reuters) – The chief executive of Peloton Interactive Inc (PTON.O) said on Thursday the company was reviewing its workforce size and “resetting” production levels, following a report earlier in the day that it was temporarily halting the production of connected devices. fitness bikes and treadmills after a significant drop in demand. Shares of … Read more

Gloomy Netflix forecast erases much of stock’s pandemic gains

The Netflix logo is seen on a television remote control, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Register LOS ANGELES, Jan 20 (Reuters) – Netflix Inc dashed hopes of a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares tumbling nearly 20% … Read more

‘This is an end’: Serbia revokes Rio Tinto’s lithium project licences

BELGRADE (Reuters) – Serbia on Thursday revoked Rio Tinto (RIO.L)’s lithium exploration licenses, bowing to protesters who opposed the development of a giant Anglo-Australian mining project on environmental grounds. Serbian Prime Minister Ana Brnabic said the government’s decision followed requests from various green groups to halt the $2.4 billion Gadar lithium project which, if completed, … Read more

Thousands in Hong Kong volunteer to adopt hamsters amid COVID-19 fears

HONG KONG (Reuters) – Thousands of people in Hong Kong volunteered on Wednesday to adopt unwanted hamsters after a mass cull from the government over fears of the novel coronavirus raised concerns that panicked animal owners would abandon their pets. Authorities on Tuesday ordered the culling of 2,000 hamsters from dozens of pet stores and … Read more

UK PM Johnson faces growing pressure to resign

Johnson faces a growing rebellion from lawmakers The threshold for the driving challenge may be near Lockdown party revelations undermine Johnson Johnson to lift COVID restrictions LONDON (Reuters) – British Prime Minister Boris Johnson was fighting to cement his premiership on Wednesday amid a revolt by his lawmakers angry at a series of closed-door parties … Read more

Japan widens COVID-19 curbs as Omicron drives record infections

TOKYO (Reuters) – Japan on Wednesday expanded its restrictions on COVID-19 to include the capital Tokyo and dozens of areas covering half the population, where the Omicron type of coronavirus led to record new infections. Already in three regions, the measures, which are set to run from Friday until February 13, have been made official … Read more

Wall St tumbles as yield spike hits tech, banks slump after Goldman miss

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York, U.S., December 3, 2021. REUTERS/Jeenah Moon Join now for FREE unlimited access to Register Goldman shares fall 7% as earnings hit by weaker trading Benchmark US Treasury yields hit two-year highs Activision skyrockets on $68.7 billion deal with … Read more

DirecTV loss could cripple rightwing One America News

Mississippi Senator Cindy Hyde-Smith speaks to a One America News Network (OANN) reporter from a bus window after touring a section of the US-Mexico border aboard a patrol vessel Texas highway in Mission, Texas, U.S., March 26, 2021. REUTERS/Go Nakamura Join now for FREE unlimited access to Register WASHINGTON, Jan 15 (Reuters) – The … Read more

U.S. grocery shortages deepen as pandemic dries supplies

Jan 14 (Reuters) – Strong demand for groceries combined with soaring transportation costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce, resulting in empty supermarket shelves at major retailers across the United States. West Coast perishable produce producers are paying nearly triple pre-pandemic trucking rates to … Read more