Wednesday, 17 February 2021

Men charged in Ghosn escape plot ask U.S. State Department to halt extradition - letter

Men charged in Ghosn escape plot ask U.S. State Department to halt extradition - letter

An American father and son accused of helping former Nissan Motor Co Ltd Chairman Carlos Ghosn flee trial in Japan have asked U.S. Secretary of State Antony Blinken to halt their impending extradition to the East Asian country.

Ahead of GameStop hearing, Robinhood, Melvin Capital, Roaring Kitty publish testimonies

(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)

Exclusive: Pfizer COVID-19 vaccine supply to the EU about 10 million doses short of plan -sources

Pfizer Inc has not yet delivered to the European Union about 10 million COVID-19 vaccine doses that were due in December, EU officials said, leaving it about one-third short of the supply it had expected from the U.S. drugmaker.

Oil jumps $1/bbl as Texas freeze prompts U.S. output drop

Oil prices gained more than $1 a barrel on Wednesday, as frigid Texas temperatures shut production across the largest U.S. crude producing state, with the unusually cold weather expected to hamper output for days or even weeks.

Share of U.S. workers holding multiple jobs is rising, new Census report shows

The share of Americans working more than one job to make ends meet has been growing over the past two decades, and the pay from second jobs make up a substantial share of workers' earnings, according to a paper published by the U.S. Commerce Department on Wednesday.

Bitcoin soars to new high above $52,000; sustainability concerns rise

Bitcoin surged to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000 hurdle, even as analysts warned against the sustainability of such prices amid elevated volatility.

Fed minutes highlight willingness to steer past coming inflation

Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept coming higher inflation, and also the need to "stay vigilant" for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank's Jan. 26-27 policy meeting.

Facebook blocks news content in Australia as it blasts proposed law

Facebook Inc will block news content from being read and shared in its news feed in Australia, drawing a line in the sand against a proposed Australian law that would require it and Alphabet Inc's Google to pay the country's news publishers for content.

S&P 500, Nasdaq fall as tech slides and inflation concerns weigh

The S&P 500 and the Nasdaq fell on Wednesday as concerns about inflation pressured stocks and investors rotated out of technology shares.

Stocks retreat from record highs as big tech slides; yields slip

A gauge of global equity markets pulled back on Wednesday from the record high hit in the previous session as investors sold technology-related companies and the prospect of rising inflation tempered optimism around a vaccine-led global economic recovery.

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