Monday 29 August 2022

China policy steps this year exceed those of 2020 - state media cites premier

China policy steps this year exceed those of 2020 - state media cites premier

The strength of China's policy measures to support the economy so far this year has exceeded those of 2020, state media quoted Premier Li Keqiang as saying on Monday.

Restaurants' new normal: fewer cashiers, chefs and wait staff

Whether they are selling burgers, pizza or pancakes, major U.S. restaurant chains are short-staffed – and they expect to stay that way. To get by with their existing workforce, they have cut hours and streamlined operations.

China's Sinopec starts first carbon capture, storage facility, plans another two by 2025

China's Sinopec Corp said on Monday it has put into operation the country's largest carbon capture, utilisation and storage (CCUS) facility in east China, and plans to build two more plants of similar size by 2025.

Morning Bid: Powell steals summer punchbowl

A look at the day ahead in U.S. and global markets from Mike Dolan.

Could Fed's 'softening' labor market forecast mean 4 million lost jobs?

In 2019, the U.S. unemployment rate averaged 3.7% and consumer prices rose at an annual rate of around 1.8%.

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How industry is depending on carbon capture technology for climate goals

Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertiliser-maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.

Elon Musk: aims to have self-driving Teslas ready by year-end in the U.S.

Tesla founder Elon Musk said on Monday he aimed to get self-driving Teslas ready by year-end and hopes they could be in wide release in the United States and possibly in Europe, depending on regulatory approval.

Pain of breaking inflation will reverberate around the globe

The message from the world's top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets.

North American companies send in the robots, even as productivity slumps

North American companies snapped up a record number of robots in the first half of this year as they struggled to keep factories and warehouses humming in the face of an extremely tight and soaring compensation costs.

Finnair partners with Qatar Airways in search of new routes

Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals to the Qatari capital Doha, the Finnish national carrier said on Monday.

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