Thursday, 2 June 2022

Record Chinese wheat prices raise risk of pricier noodles

Record Chinese wheat prices raise risk of pricier noodles

Chinese consumers are likely to have to pay more for food staples like noodles and bread this year, as record wheat prices in the world's top consumer of the grain get passed on to food makers, traders and analysts said.

Futures climb on lower oil prices; private jobs report in focus

U.S. stock index futures rose on Thursday as a pullback in oil prices lifted investor sentiment in the run-up to a private payrolls report that could provide a clearer picture of the labor market.

Self-driving cars from GM's Cruise could soon carry paying riders in San Francisco

General Motors Co's Cruise on Thursday could become the first company to secure a permit to charge for self-driving car rides in San Francisco, if it can overcome objections by city officials.

TSX futures up on upbeat global sentiment, rising gold prices

Futures for Canada's main stock index rose on Thursday on higher gold prices and as global stocks steadied as a dip in oil prices calmed investor nerves about surging inflation and aggressive policy tightening.

U.S. sheep herders sue employers for cartel-like wage suppression

Sheep herders in the U.S. West have banded together to sue their employers, accusing them of operating an illegal cartel that artificially suppresses their wages, according to court documents filed Wednesday in Nevada.

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Sponsored by Rohde & Schwarz: 6G: vision or reality?

Rohde & Schwarz shapes tomorrow's wireless communications beyond 5G. From sci-fi to reality, the T&M expert takes connectivity to the next level.

Read the full story now

Moderna delays COVID vaccine deliveries to EU by several months

Moderna Inc said on Thursday it has agreed to push back some COVID-19 vaccine deliveries to the European Union by several months to later in 2022 or early next year.

Fitch withdraws ratings on debt-laden China Evergrande, subsidiaries

Fitch Ratings said on Thursday it has decided to withdraw its rating on embattled property developer China Evergrande Group and two of its subsidiaries as the firms have stopped participating in the process.

Nest egg no more: Inflation eats Canadian consumer cash pile, risking growth

An extra C$8,300 ($6,600) in your pocket.

Groups urge U.S. to probe 'loot box' on Electronic Arts video game

Consumer advocates on Thursday urged U.S. regulators to investigate video game maker Electronic Arts Inc for the misleading use of a digital "loot box" that "aggressively" urges players to spend more money while playing a popular soccer game.

YouTube could be liable for unauthorised uploads if slow to act, German court rules

Google's YouTube and other platforms could have to pay copyright damages over unauthorised uploads even if the content was put online by a third party, Germany's top court ruled.

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