Monday, 13 December 2021

Reuters Business: Virgin Australia switches U.S. partner to United from Delta

Virgin Australia switches U.S. partner to United from Delta

Virgin Australia said on Tuesday it would enter a new codeshare and loyalty partnership with United Airlines from April 2022, replacing a longstanding partnership with Delta Air Lines on U.S. routes.

BMW to add X5 production in China -spokesperson

Germany's BMW will add production of its X5 mid-size luxury SUV - which is currently made in the United States - in China to satisfy strong demand globally for the vehicle, a company spokesperson said on Monday.

Wall Street ends down; investors eye Omicron and Fed meeting

Wall Street ended lower on Monday, with shares of Carnival Corp and several airlines tumbling as investors worried about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week.

Stocks edge lower on Omicron fears, awaiting Fed meeting

Global stock markets fell and the dollar gained ground on Monday as investors weighed new concerns over the Omicron variant and waited for news from a host of central bank meetings this week.

Intel's first foray into the metaverse will be software to use others' chips

In their first public comments on its strategy for tapping into the "metaverse," Intel Corp executives said the firm is working on software that will help laptops tap into computing power from other devices, including chips from its rivals.

U.S. Senate committee faults FAA oversight of Boeing

A U.S. Senate report released on Monday said the Federal Aviation Administration must do a better job overseeing Boeing Co and the certification of new airplanes, as well as review allegations raised by seven industry whistleblowers.

Meme stocks GameStop, AMC slump to multi-month lows

Shares of Gamestop and AMC Entertainment tumbled to multi-month lows on Monday as some investors appeared to sour on the names that had produced eye-watering gains earlier in the year.

Wall Street falls as investors eye Omicron and Fed meeting

Wall Street fell from record highs on Monday, with shares of Carnival Corp and several airlines tumbling as investors worried about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week.

Exclusive: Facebook owner is behind $60 mln deal for Meta name rights

Meta Platforms Inc , the owner of social media network Facebook, is behind a $60 million deal to acquire the trademark assets of U.S. regional bank Meta Financial Group , spokespeople for the companies said on Monday.

NatWest to pay $351 mln for money laundering offenses

State-backed bank NatWest is to pay 265 million pounds ($351.13 million) in fines, after pleading guilty to failing to prevent the laundering of nearly 400 million pounds.

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