Amazon drivers now have multiple cameras constantly filming them as part of the Driveri system. Drivers told Insider they’re worried about privacy, with cameras monitoring every yawn. They fear they’ll fail to keep up with Amazon’s breakneck pace because of the new surveillance system. See more stories on Insider’s business page. Many Amazon drivers say…
China has become the first major economy to roll out a digital currency. The digital yuan will bypass the global financial system. Economists, however, warn it could endanger the US dollar in the long term. See more stories on Insider’s business page. The People’s Bank of China (PBOC) has introduced its first blockchain-powered digital currency…
(Updates prices, sectors)April 12 (Reuters) – Canada’s main stock index fell on Monday as lower gold prices more than offset the boost from a jump in crude prices, while investors geared up for the quarterly corporate earnings season.* At 9:39 a.m. ET (1339 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 34.4 points,…
BEIJING (Reuters) – Improved global demand and a favorable base effect are likely to have kept China’s exports buoyant in March, while higher oil prices will have been boosted its imports, a Reuters poll showed on Monday.FILE PHOTO: A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus…
BEIJING (Reuters) – New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. Chinese banks extended 2.73 trillion yuan ($416.62 billion)in new yuan loans in March, up…
No results matched your search EconomyApr 05, 2021 01:15PM ET © Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County (Reuters) -Shares of Pioneer Natural Resources (NYSE:) declined more than 6% as the U.S. oil producer’s $6.4 billion acquisition of rival DoublePoint Energy months…
SHANGHAI, April 12 (Reuters) – China’s yuan eased against the dollar in thin trade on Monday, pressured in part by escalating tensions between Beijing and Washington, while uncertainty over the policy outlook for major central banks kept investors in a cautious mood. The addition of seven Chinese supercomputing entities to a U.S. economic blacklist reinforced…
TOKYO (Reuters) – Japan made sure that language warning against excess currency market volatility remained in place when G20 finance leaders made a rare tweak to their message on exchange-rate moves, said officials with knowledge of the deliberations.In the first communique compiled since U.S. President Joe Biden took office, finance leaders of the Group of…
NEW YORK (Reuters) – Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken…
Apr 8th 2021HONG KONGFacebookTwitterLinkedInWhatsAppEditor’s update: on April 10th Chinese authorities fined Alibaba 18.2bn yuan ($2.8bn) following an antitrust investigation. The firm is accused of pressuring retailers into offering their goods exclusively on its online store. It is the largest penalty ever handed down by the country’s regulators.CHINA’S TECH tycoons have not been themselves lately. In…
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