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Sales were expected to pick up a bit more in November although retailers were keeping an eye on the latest rise in coronavirus cases in Britain. But the survey's measure of stock adequacy sank to -23 in October, the seventh month in a row that it hit an all-time low. The shortages were expected to ease only moderately in November. "Disruption to supply chains, combined with staff shortages and uncertain public health conditions mean retailers are finding it difficult to plan for the winter ahead," CBI economist Ben Jones said. The CBI has long argued that the system is out of date and penalises companies which invest in energy efficiency.
Persons: Toby Melville LONDON, Ben Jones, Rishi Sunak, Jones, William Schomberg, Andy Bruce Organizations: Oxford, REUTERS, of British Industry, Reuters, CBI, Thomson Locations: London, Britain
Nordic Entertainment Group (NENT) sign is seen at their headquarters in Stockholm, Sweden October 1, 2018. Citi analysts said the company had achieved a solid beat of expectations in international subscriber growth, which should give the market increased confidence in the group's growth trajectory. The company's international markets include Estonia, Latvia, Poland and Lithuania, and it plans to launch in Britain, Canada, Germany, Austria and Switzerland, taking the number of markets to 16 by the end of 2023. Its subscriber count also got a boost due to streaming of sporting events such as the Bundesliga, English Premier League, UEFA competitions and Formula One. Costs will increase along with the expansion and a significant chunk of that will come in 2022, Jensen said.
Persons: Olof Swahnberg, Anders Jensen, HBO Max, Disney, Jensen, Viaplay, Supantha Mukherjee, Rashmi Aich, David Holmes Organizations: Nordic Entertainment, REUTERS, Netflix, Disney, Citi, HBO, HBO Max, Bundesliga, English Premier League, UEFA, Thomson Locations: Stockholm, Sweden, STOCKHOLM, Swedish, Scandinavia, United States, Estonia, Latvia, Poland, Lithuania, Britain, Canada, Germany, Austria, Switzerland, Europe, U.S
LONDON, Oct 26 (Reuters) - Sterling touched a new 20-month high against the euro on Tuesday, driven by diverging interest rate expectations for Britain and the euro zone, though concerns over economic growth and EU ties kept the currency broadly flat on the day. Money markets are pricing in a rate hike by the Bank of England at its Nov. 4 meeting, helping the pound rally around 2% versus the euro and the dollar so far this month . Short-dated gilt yields too have slipped from 17-month highs hit last week, with fears growing that impending policy tightening will exacerbate the slowdown. “Euro-sterling is trading close to the bottom end of its post-referendum low on BoE hike expectations. But UK growth momentum is weakening, which could see euro-sterling turn,” Bilal Hafeez, head of the MacroHive consultancy, told clients.
Persons: Sterling, ” Bilal Hafeez, Rishi Sunak’s Organizations: Britain, Bank of England, European Central Bank, ECB, EU, Union, Ireland, ” Scotiabank, Traders Locations: Britain, Northern Ireland
UK's Heathrow Airport flags tepid travel recovery until 2026
  + stars: | 2021-10-26 | by ( )   time to read: +1 min
An aircraft takes off at Heathrow Airport amid the spread of the coronavirus disease (COVID-19) pandemic in London, Britain, February 4, 2021. REUTERS/Toby MelvilleOct 26 (Reuters) - Britain's Heathrow Airport Ltd said on Tuesday it was still reporting losses and does not expect air traffic to recover completely until at least 2026 even as the travel industry gathered steam in the third quarter on easing restrictions. The London airport said passenger numbers in the third quarter recovered to 28% and cargo to 90% of pre-pandemic levels, although it has lost 3.4 billion pounds ($4.68 billion) cumulatively since the start of the pandemic. Heathrow, Britain's biggest airport, said it had 4.1 billion pounds of cash to be able to come through until the market recovers. ($1 = 0.7272 pounds)Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Spain's Ferrovial, Yadarisa, Sherry Jacob, Phillips Organizations: Heathrow, REUTERS, Civil, Qatar Investment Authority, China Investment Corp, Thomson Locations: London, Britain, Heathrow, Paris, Britain's, Bengaluru
FILE PHOTO: Products produced by Reckitt Benckiser are seen in London, Britain, February 12, 2008. REUTERS/Stephen Hird(Reuters) - Reckitt Benckiser Group on Tuesday raised its full-year forecast after reporting higher-than-expected third-quarter sales, driven by price hikes and a spurt in demand for Mucinex cold and flu remedies as well as for sexual wellness products. The Lysol cleaning products maker reported a surprise 3.3% rise in like-for-like sales for the third quarter, beating the 0.7% decline analysts had expected, according to a company-supplied consensus. The company also raised its full-year net revenue like-for-like sales growth forecast to 1-3% from flat to up 2% earlier, but cautioned that growth would be “softer” in the fourth quarter. Reckitt said it was seeing a 10% rise in raw material prices, compared with an 8-9% rise it had estimated previously.
Persons: Reckitt Benckiser, Stephen Hird, Reckitt Organizations: REUTERS, Reuters, FTSE Locations: London, Britain, China
(Reuters) - Higher vaccination rates and improved mobility during the third quarter drove strong demand for Mucinex cough syrups and Durex condoms, Reckitt Benckiser Group said on Tuesday, prompting it to raise its full-year forecast. FILE PHOTO: Products produced by Reckitt Benckiser are seen in London, Britain, February 12, 2008. REUTERS/Stephen HirdThat sent its shares up 5.8% in morning trading, making it the top gainer on the FTSE index. The company also raised its full-year net revenue like-for-like growth forecast to 1-3% from flat to 2% earlier, but cautioned that growth would be “softer” in the fourth quarter. Domestos maker Unilever last week also warned of another round of price hikes to battle fierce inflation.
Persons: Reckitt Benckiser, Stephen Hird, Laxman Narasimhan, Reckitt, Jeff Carr, ” Narasimhan Organizations: Reuters, REUTERS, Unilever Locations: London, Britain, India, China
FILE PHOTO: An aircraft takes off at Heathrow Airport amid the spread of the coronavirus disease (COVID-19) pandemic in London, Britain, February 4, 2021. REUTERS/Toby Melville(Reuters) - Britain’s Heathrow Airport Ltd said on Tuesday it was still making losses and does not expect air traffic to recover completely until at least 2026 even as the travel industry gathered steam in the third quarter on easing restrictions. The London airport said passenger numbers in the third quarter recovered to 28% and cargo to 90% of pre-pandemic levels, although it lost 3.4 billion pounds ($4.68 billion) cumulatively since the start of the pandemic. ($1 = 0.7272 pounds)
Persons: Toby Melville Organizations: Heathrow, REUTERS, Reuters Locations: London, Britain
FILE PHOTO: A shop sign of Hyundai is seen outside a car showroom in Bletchley, Milton Keynes, Britain, May 31, 2020. REUTERS/Andrew BoyersSEOUL (Reuters) -South Korea’s Hyundai Motor Co swung to a profit in the third quarter but slightly missed analysts’ estimates as the ongoing global chip shortage drove down shipments of vehicles. Hyundai, which together with affiliate Kia Corp is among the world’s top 10 automakers by sales, reported a net profit of 1.3 trillion won ($1.10 billion) for the July-September quarter. The profit slightly missed an average analyst forecast of 1.4 trillion won compiled by Refinitiv SmartEstimate. Shares of Hyundai Motor were trading flat after the firm published its earnings results, compared with a 0.8% rise in the broader market KOSPI.
Persons: Milton Keynes, Andrew Boyers SEOUL, Refinitiv SmartEstimate, 1,177.2300 Organizations: Hyundai, REUTERS, Kia Corp, Hyundai Motor Locations: Bletchley, Milton, Britain
Princess Mako of Japan at the enthronement ceremony for Emperor Naruhito at the Imperial Palace in Tokyo on Oct. 22, 2019. Rather than Tokyo’s prestigious Gakushuin University, favored by the imperial family and other Japanese elite, she chose to study at International Christian University in Tokyo. Emperor Naruhito of Japan, Empress Masako, Crown Prince Fumihito of Akishino, Princess Kiko, Princess Mako and Princess Kako at the New Year's Day celebration at the Imperial Palace in Tokyo on Jan. 1, 2020. “I think this has conveyed the image that the imperial family as a system can never make women happy,” Hara told NBC News. Along with traditional tabloid newspapers, he said, imperial family members also now have to contend with criticism on social media.
Persons: Princess Mako, Emperor Naruhito’s, Prince Fumihito, Kei Komuro, Rather, Britain’s Prince Harry, Meghan Markle, Mako, Aiko, Prince Hisahito, Emperor Naruhito, Kazuhiro Nogi, Ken Ruoff, , , Emperor Akihito, Prince, Hisahito, ” Ruoff, Mako’s, Prince Akishino, Komuro, Critics, quarantining, Naruhito, Empress Masako, Akishino, Princess Kiko, Kako, Kunihiko Miura, Takeshi Hara, Naruhito’s, ” Hara, what’s, Reina Sakaguchi, Toshifumi Kitamura, Sayaka Fujita, ” Komuro, Lowenstein Sandler, Ruoff, Harry, Meghan, “ They’re, Jennifer Jett, Arata Yamamoto, Olivier Fabre Organizations: Center, Japanese Studies, Portland State University, Prince Hitachi, Mainichi, Gakushuin University, International Christian University, University of Leicester, Fordham University, Open University of Japan, Harvard, NBC, Imperial Household Agency, Mako, University of Tokyo, Getty, New, New York, Bar Locations: HONG KONG, Japan, Tokyo, United States, Scotland, England, New York, Saitama, AFP, U.S, Hong Kong
Stocks across the world buoyant on upbeat earnings
  + stars: | 2021-10-26 | by ( Tom Wilson | Kane Wu | )   time to read: +4 min
LONDON/HONG KONG (Reuters) - Shares made slim gains around the world on Tuesday, with upbeat corporate earnings buoying European shares and outweighing recurring worries about China’s property sector. REUTERS/Suzanne PlunkettThe broad Euro STOXX 600 hit its highest in seven weeks, adding 0.5%, with German stocks gaining 0.9%. The MSCI world equity index, which tracks shares in 50 countries, added 0.1%Asian stocks had earlier followed Wall Street’s record highs overnight, before giving up their gains. MSCI’s gauge of Asia-Pacific stocks outside Japan was flat after briefly touching its highest in six weeks, following gains throughout October. Weighing on the market were Chinese property stocks, which extended losses as another developer, Modern Land, defaulted on a payment, adding to worries about the effects of the debt crisis at China Evergrande Group.
Persons: Suzanne Plunkett, Robert Buckland, Organizations: Reuters, London Stock Exchange, REUTERS, UBS, Wall, Apple Inc, Deutsche Bank analysts, Tesla Inc, China Evergrande Group, CSI, Citi, U.S, European Central Bank and Bank of Japan, Treasury, Federal Reserve, Brent, U.S . West Texas Locations: HONG KONG, London, Britain, Asia, Pacific, Japan, China, Hong Kong, Europe, Germany, United States, U.S
He confirmed he would attend 2021 United Nations Climate Change Conference in Glasgow. Brendon Thorne | Getty ImagesAustralia will target net zero carbon emissions by 2050, Prime Minister Scott Morrison said on Tuesday, but it will not legislate the goal and instead rely on consumers and companies driving emission reductions. They're taking action on climate change, but they also want to protect their jobs and their livelihoods. While Australia will introduce a 2050 target, Morrison said Canberra will not strengthen its 2030 target of reducing emissions by 26-28% from 2005 levels. However, Australia will surpass that target, reducing emissions by 2030 by between 30-35%, he said.
Persons: Scott Morrison, Brendon Thorne, Morrison Organizations: Getty, United Locations: Sydney, Australia, Glasgow, Britain, United, United Nations, Canberra
Indonesia, U.S. call on G20 to plan pandemic prevention system
  + stars: | 2021-10-26 | by ( )   time to read: +2 min
JAKARTA, Oct 26 (Reuters) - The United States and Indonesia on Tuesday called for the launch of a forum to prepare for future pandemics, urging members of the Group of 20 leading economies to seize an opportunity this month to plan for an international response system. "We have all personally grappled with the deep human and economic cost brought on by this borderless, unforgiving pandemic. The United States and Indonesia, which have similar size populations, have been among the worst affected in their respective regions. The G20 includes the United States, Japan, Britain, Russia, Brazil, China, Germany, Canada, Australia and South Korea, among others. It called for greater inclusiveness and less bureaucracy and said a joint response was critical for poorer counties that lack resources to respond fast, including with vaccinations.
Persons: Janet Yellen, Sri Mulyani Indrawati, Martin Petty, James Pearson Organizations: Treasury, Indonesian Finance, World Health Organization, Thomson Locations: JAKARTA, United States, Indonesia, Rome, Japan, Britain, Russia, Brazil, China, Germany, Canada, Australia, South Korea
Sweden's NENT reports 28% jump in subscribers
  + stars: | 2021-10-26 | by ( )   time to read: +2 min
Nordic Entertainment Group (NENT) sign is seen at their headquarters in Stockholm, Sweden October 1, 2018. The company added 322,000 subscribers in the third quarter ended Sept. 30 from the preceding one, of which 36,000 were in the Nordics and 286,000 were international. NENT's subscribers of its streaming service Viaplay rose 28% in the quarter, as it expanded to more countries competing with global rivals such as Netflix (NFLX.O) and Disney+ (DIS.N). Viaplay's total subscribers rose to 3.6 million. ($1=8.5737 Swedish crowns)Reporting by Supantha Mukherjee in Stockholm, Editing by Helena Soderpalm and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Persons: Olof Swahnberg STOCKHOLM, Anders Jensen, Supantha Mukherjee, Helena Soderpalm Organizations: Nordic Entertainment, REUTERS, Netflix, Disney, Bundesliga, English Premier League, UEFA, Thomson Locations: Stockholm, Sweden, Swedish, Scandinavia, Estonia, Latvia, Poland, Lithuania, United States, Britain, Canada, Germany, Austria, Switzerland
British Prime Minister Boris Johnson and David Attenborough speak with school children during a conference about the COP26 UN Climate Summit, at the Science Museum in London, Britain February 4, 2020. Britain has cast the United Nations COP26 climate conference which begins in Glasgow on Oct. 31 as the last big chance to slow rising temperatures, and hopes to persuade leaders to adopt tougher climate targets. "Every day that goes by in which we don't do something about it is a day wasted," he said. The U.N. said on Monday greenhouse gas concentrations had hit a record last year and the world was "way off track" in capping rising temperatures. Attenborough said leading nations had a duty to help poorer countries because industrialisation had been one of the major factors in driving climate change.
Persons: Boris Johnson, David Attenborough, Chris J Ratcliffe, Attenborough, it'll, COP26, Kate Holton, Timothy Organizations: British, Science Museum, REUTERS LONDON, United, Timothy Heritage, Thomson Locations: London, Britain, British, Scotland, United Nations, Glasgow, Africa, Australia, United States
The World's first postage stamp, a Penny Black, is seen on display ahead of auction at Sotheby's in London, Britain, October 19, 2021. REUTERS/Hannah McKayLONDON, Oct 26 (Reuters) - An example of the world's first postage stamp, the Penny Black, is being offered at auction, Sotheby's said on Tuesday, with a price estimate of up to $8.25 million. Dating from 1840, the item is "the earliest securely dated example of the first postage stamp," according to the auction house that will present it at its "Treasures" sale on Dec. 7. The stamp is one of three Penny Blacks believed to have survived from the very first sheet of printed stamps. It is the first of its kind to be offered at auction, Sotheby's said, giving it a price estimate of 4 million - 6 million pounds ($5.50 million - $8.25 million).
Persons: Penny, Hannah McKay, Penny Black, Sotheby's, Queen Victoria, Robert Wallace, Henry House, Wallace, Alan Holyoake, Holyoake, Will Russell, Marie, Louise Gumuchian, Barbara Lewis Organizations: REUTERS, Sotheby’s, Penny Blacks, British Postal Museum, Reuters, Royal Philatelic Society, British Philatelic Association, Thomson Locations: Sotheby's, London, Britain, Scottish
REUTERS/Peter NichollsSummary Reckitt tops FTSE 100 gainersPremier Inn-owner expects travel to reboundTHG slides 9% after trading updateFTSE 100 up 0.7%, FTSE 250 adds 0.7%Oct 26 (Reuters) - London's FTSE 100 rose for a third straight session on Tuesday, boosted by consumer goods company Reckitt Benckiser after it lifted its sales forecast, while the global mood was buoyed by record highs on Wall Street indexes. The blue-chip FTSE 100 index (.FTSE) rose 0.7% to hit a fresh highs since February 2020 after S&P 500 (.SPX) notched a record high at the start of a heavy week of earnings. Lysol cleaning products maker Reckitt Benckiser (RKT.L) jumped 5.7% to the top of FTSE 100 after it raised its full-year forecast as higher sales of cold and flu remedies and price hikes helped it beat analysts' estimates for third-quarter sales. "With the FTSE 100, what you've got is an unusual mix of unpredictable stocks like oils and commodity prices which are showing some signs of life," said Russ Mould, investment director at AJ Bell. Index still underperforms European StocksReporting by Bansari Mayur Kamdar; Editing by Subhranshu Sahu and Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.
Persons: Peter Nicholls, Reckitt, Whitbread, you've, Russ Mould, AJ Bell, hasn't, Silvana Tenreyro, Andrew Bailey, BoE, SoftBank, Bansari Mayur, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Bank of, Softcat, Thomson Locations: London, Britain, U.S
Passengers from Amsterdam arrive at Changi Airport under Singapore’s expanded Vaccinated Travel Lane (VTL) quarantine-free travel scheme as the city-state opens its borders to more countries amidst the coronavirus disease (COVID-19) pandemic, in Singapore October 20, 2021. REUTERS/Edgar SuSINGAPORE, Oct 26 (Reuters) - Singapore will allow quarantine-free entry to travellers vaccinated against COVID-19 from Australia and Switzerland from Nov. 8, the city-state's aviation regulator said on Tuesday. Singapore is slowly re-opening its borders and has expanded quarantine-free travel to nearly a dozen countries, including Germany, Canada, France, Britain and the United States, under its Vaccinated Travel Lanes (VTL) programme. Visitors can travel to Singapore under the programme if they have been fully vaccinated and tested negative in COVID-19 tests. Last week, the United States advised citizens against travel to Singapore and raised its alert for the city-state to its highest risk level.
Persons: Edgar Su SINGAPORE, Chen Lin, James Pearson Organizations: Changi Airport, Singapore’s, REUTERS, COVID, Thomson Locations: Amsterdam, Singapore, Australia, Switzerland, Germany, Canada, France, Britain, United States, COVID
Owen Paterson leaves Winfield House during U.S. President Donald Trump's state visit in London, Britain, June 4, 2019. REUTERS/Peter NichollsLONDON, Oct 26 (Reuters) - A British lawmaker and former senior minister faces being suspended from parliament for 30 days after parliament's standards committee found him guilty of a serious breach of rules on paid advocacy. The government should put forward a motion to debate this suspension within five sitting days, the committee said. Paterson, who says the stress of the investigation played a major role in his wife's suicide last year, disputes the findings. He said he was raising issues of public health, including contaminated food, and this is within the rules.
Persons: Owen Paterson, Donald Trump's, Peter Nicholls LONDON, Boris Johnson's, Paterson, Kylie MacLellan, Christina Fincher Organizations: House, U.S, REUTERS, British, Standards, Boris Johnson's Conservatives, Food Standards Agency, Foods, Commons, Thomson Locations: London, Britain, Paterson's
Slideshow ( 2 images )(Reuters) - U.S.-based ride hailing app owner Uber Technologies and Europe’s largest retailer Carrefour are to launch a new rapid grocery delivery service in Paris, extending their 18-month partnership, the two companies said on Tuesday. Earlier this year, the French retailer agreed to take a minority stake in the newly founded start-up Cajoo, which operates “dark stores” across the country. “Over the past 18 months people have increasingly come to expect quick and reliable delivery ... in Europe alone we’ve seen a triple-digit increase in demand for grocery delivery,” Eve Henrikson, Regional General Manager, Uber Delivery EMEA, said in a statement. Uber and Carrefour are already offering 30-minute deliveries in France from Carrefour’s almost 2,000 shops available on Uber’s app under a deal agreed last year. Uber and Carrefour plan to expand the 15-minute service to other major French cities such as Lyon, Bordeaux, Toulouse, Lille and Montpellier in coming weeks, they said.
Persons: Cajoo, we’ve, Eve Henrikson, Britain’s Organizations: Uber Technologies, Carrefour, Carrefour Sprint, Uber, Regional, Lille, Montpellier Locations: Paris, Europe, France, Carrefour’s, Lyon, Bordeaux, Toulouse
Social media users have miscaptioned a video, claiming it shows a vaccinated individual collapsing in front of Britain’s Prince Charles. The 1 minute 33 second clip, with an edited voice-over, shows Prince Charles standing alongside a man dressed in a black t-shirt and wearing sunglasses. One user who shared the video on Twitter said: “Dude drops dead from vax in front of Prince Charles” (here). The video does not show a vaccinated man collapsing, however, and was filmed months prior to global widespread vaccine rollouts. Social media users have misattributed a clip, claiming it shows a vaccinated man collapsing in front of Britain’s Prince Charles.
Persons: Britain’s Prince Charles, Prince Charles, Prince Charles ”, Read Organizations: Twitter, Google, The Telegraph, Asda, Royal, Reuters Locations: Britain
On social media, however, the narrative has expanded, with users claiming alleged victims have later tested positive for HIV. The needle not only spiked them, but also gave them HIV,” said one meme posted to Facebook on Oct. 20 (here). “It is important that information which is shared on social media and the press is accurate and does not perpetuate myths and stigma surrounding HIV.”VERDICTFalse/missing context. Two police departments say claims of women testing positive for HIV after being spiked via injection are false. A British AIDS charity says that while transmission of HIV by needle is technically possible, it is extremely rare.
Persons: Priti Patel, , Warwick ”, Deborah Gold, Gold, Read Organizations: Britain’s, AIDS Trust, Reuters, Home, Facebook, Warwickshire Police, Manchester Police, Police, Nottinghamshire Police, National AIDS Trust Locations: United Kingdom, Norwich, Nottingham, Manchester, Norfolk, Britain, British
Britain's Prime Minister Boris Johnson attends the Global Investment Summit at the Science Museum, in London, Britain, October 19, 2021. Leon Neal/Pool via REUTERSLONDON, Oct 25 (Reuters) - British Prime Minister Boris Johnson urged Russian President Vladimir Putin to bring forward by 10 years Russia's target for achieving net zero carbon emissions, Johnson's office said on Monday after the two leaders spoke by phone. read more"He (Johnson) welcomed the steps Russia has taken in recent days to commit (to) net zero by 2060," the statement said. "The prime minister expressed his hope that Russia will raise that target to achieving net zero by 2050 as well as making further progress on ending deforestation and an ambitious Nationally Determined Contribution." The Kremlin said Putin promised that Russia's delegation to Glasgow "will contribute to a successful work of such an important international forum".
Persons: Boris Johnson, Leon Neal, Vladimir Putin, Putin, Johnson, William James, Andrey Ostroukh, Estelle Shirbon, Michael Holden Organizations: Britain's, Global Investment, Science Museum, REUTERS LONDON, British, Kremlin, United Nations, Thomson Locations: London, Britain, Russian, Russia, Scotland, Glasgow, Moscow
(Reuters) -European stocks closed flat on Monday, as gains in banks and commodity-linked sectors were offset by losses in industrial stocks on rising bond yields, and as the outlook for the telecom sector deteriorated. REUTERS/Kai Pfaffenbach/File PhotoThe pan-European STOXX 600 closed largely unchanged at 472.21 points, with concerns over rising inflation and slowing economic growth also weighing on sentiment. But rising yields weighed on industrials and utilities, as they made future returns from the sectors, which are largely dividend-linked, appear less attractive. The STOXX 600 finished at over six-week highs last week, buoyed by optimism about the earnings season. Of the 18% of STOXX 600 companies that have issued third-quarter reports so far, 63% topped analysts’ profit estimates, as per Refinitiv I/B/E/S data.
Persons: DAX, Kai Pfaffenbach, , Andrea Cicione, , UniCredit Organizations: Reuters, Deutsche, REUTERS, Lombard, HSBC Holdings, Airbus, Telecom, BofA Global Research, Nokia, Ericsson, European Central Bank, Sabadell, Bank, British, TSB Locations: Frankfurt, Germany, U.S, Britain, British, Siena
With football superstar Tom Brady set to pitch the deal, Hertz plans to field 100,000 Tesla electric cars through its North American and European rental car fleets. "Electric vehicles are now mainstream, and we've only just begun to see rising global demand and interest," Fields said in a statement on Monday. Hertz will add 100,000 Teslas — primarily the Model 3 — to its fleet by the end of 2022, Fields said in a statement. President Joe Biden is pushing to have electric vehicles make up between 40 to 50 percent of new sales in the U.S. by 2030. “Putting a lot of vehicles into a rental fleet gives your products a lot of exposure to potential customers.
Persons: Tom Brady, Hertz, Mark Fields, Fields, Tesla, Brady —, , ” Hertz, Ray Day, Joe Biden, Stephanie Brinley, , Sam Abuelsamid Organizations: Ford, EV, Hertz, NBC News, Tesla's, Jato Dynamics, IHS, Guidehouse Locations: U.S, Europe, North America, California , New York, Washington, Britain, Norway, Texas, Germany
Facebook will fuel further unrest, whistleblower says
  + stars: | 2021-10-25 | by ( Reuters Staff | )   time to read: +2 min
FILE PHOTO: Former Facebook employee and whistleblower Frances Haugen testifies during a Senate Committee on Commerce, Science, and Transportation hearing entitled 'Protecting Kids Online: Testimony from a Facebook Whistleblower' on Capitol Hill, in Washington, U.S., October 5, 2021. Matt McClain/Pool via REUTERS/File PhotoLONDON (Reuters) - Facebook will fuel more episodes of violent unrest around the world because of the way its algorithms are designed to promote divisive content, whistleblower Frances Haugen told the British parliament on Monday. She said the algorithms pushed users towards the extreme. “So someone centre left, they’ll be pushed to radical left, someone centre right will be pushed to radical right,” she said. They showed Facebook had known that it hadn’t hired enough workers who possessed both the language skills and knowledge of local events needed to identify objectionable posts from users in a number of developing countries.
Persons: Frances Haugen, Matt McClain, Haugen, , they’ll, Mark Zuckerberg, hadn’t Organizations: Facebook, Commerce, Science, ” Reuters, U.S . Securities, Exchange Commission Locations: Washington , U.S, Britain, lionised, Myanmar, Ethiopia
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