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Reuters exclusively reported that the U.S. Department of Health and Human Services (HHS) appeared unprepared to assume full responsibility for the nation’s COVID-19 vaccine program, including activities currently managed by the Pentagon. The report cites a failure to ensure HHS has enough staff or a clear timeline for taking over those additional responsibilities. Additionally, the report found […]

Chinese property developers’ shares and bonds extended gains after Reuters revealed that China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts in its latest move to ease a severe cash crunch in the embattled sector. Sources told Reuters that the new rules would help […]

Reuters exclusively reported that the Biden administration is reviewing its cloud business to determine whether it poses a risk to U.S. national security. The focus of the probe is on how the company stores U.S. clients’ data – including personal information and intellectual property – and whether the Chinese government could gain access to it. […]

Reuters exclusively reported that the world’s largest streaming service has raised its monthly subscription price by $1 to $2 per month in the United States depending on the plan to help pay for new programming to compete in the crowded streaming TV market. The standard plan, which allows for two simultaneous streams, now costs $15.49 […]

Reuters exclusively reported that China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1, as part of a plan coordinated by the United States with other major consumers to reduce global prices. The sources, who have knowledge of talks between the world’s top two […]

Reuters revealed that at least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell’s onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about selling its stake in the […]

Reuters exclusively reported that U.S. private payrolls increased more than expected in December as a result of underlying labor market strength, but skyrocketing COVID-19 infections could slow momentum in the months ahead. The surge in private hiring in the ADP National Employment Report on Wednesday was based on data collected in mid-December just as the Omicron variant […]

Reuters exclusively reported that inflation soared by the most in at least a decade in Turkey’s biggest city, Istanbul, last month after President Tayyip Erdogan’s government sharply raised nationwide electricity and natural gas prices for the new year. Prices also jumped for petrol, car insurance and some bridge tolls, adding more strain to an economy facing surging […]

Reuters exclusively reported that the UK’s FTSE 100 ended 2021 with its best annual performance in five years on the back of gains in commodity-linked and industrial stocks, despite a decline in Dec. 31’s holiday-thinned trading. The benchmark index fell 0.3%, hit by concerns around surging COVID-19 cases as the United Kingdom reported a record rise in […]

For women who assembled iPhones at a Foxconn plant in southern India, crowded dorms without flush toilets and food sometimes crawling with worms were problems to be endured for the paycheck. Reuters took a closer look at the protest that shut down a plant where 17,000 had been working, casting a stark light on living and working […]