Bentley Flying Spur Hybrid Review: More Power, Please

Bentley Flying Spur Hybrid Review: More Power, Please

Bloomberg) — The 2022 Bentley Flying Spur Hybrid enters the market in the second quarter as Bentley’s second plug-in hybrid, after the Bentayga Hybrid. It’s the company’s next step toward its goal to sell only electric vehicles by 2030. Set on the same platform as the Porsche Panamera and driven by a V6 engine and an electric motor…

Calgary Chinook Centre Starbucks Workers File Application to Join Steelworkers Union

Calgary Chinook Centre Starbucks Workers File Application to Join Steelworkers Union

CALGARY, Alberta — The United Steelworkers union (USW) has filed an application with the Alberta Labour Relations Board (ALRB) on behalf of Starbucks workers at the Chinook Centre in Calgary. “Starbucks workers across North America are steaming over the treatment they are receiving, and they deserve better,” said Pablo Guerra…

Gilead says counterfeiting network sold $250 mln worth of its HIV drugs

Gilead says counterfeiting network sold $250 mln worth of its HIV drugs

Gilead Sciences Inc said on Tuesday that tampered and counterfeit versions of its HIV treatments worth $250 million were sold to pharmacies over two years by a network of drug distributors and suppliers. The drugmaker said in August that distributors not authorized by Gilead to sell its HIV treatments…

Medicenna Announces Management Change and Appoints Experienced Development Advisory Committee

Medicenna Announces Management Change and Appoints Experienced Development Advisory Committee

Phase 1/2 ABILITY study of MDNA11 remains on track for an update on additional safety pharmacokinetic (PK), and pharmacodynamic (PD) data in low-dose cohorts in Q1 2022 and initial efficacy results in mid-2022…

China’s 2021 refinery output up 4.3% to fresh high on fuel demand

China’s 2021 refinery output up 4.3% to fresh high on fuel demand

SINGAPORE — China’s refinery output hit a fresh high in 2021, up 4.3% from a year earlier on robust fuel demand especially in the first half of the year, and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports…

Europe’s Governments Face a Reckoning as Energy Prices Surge

Europe’s Governments Face a Reckoning as Energy Prices Surge

Bloomberg) — Europe is gripped by one of the worst energy crunches in history, forcing politicians to step in as soaring prices threaten to leave millions of households unable to pay their bills.  But with market forces signaling that the crisis will last way beyond the winter…

Unilever offered 50 bln pounds for GSK unit – report

Unilever offered 50 bln pounds for GSK unit – report

LONDON — Consumer goods giant Unilever made a bid towards the end of last year for pharmaceutical group Glaxosmithkline’s consumer goods business worth roughly 50 billion pounds ($68.4 billion), Britain’s Sunday Times reported. GSK and Pfizer, which owns a minority stake in the division, were understood to have rejected the offer on the basis that…

Alberta prioritizes oilsands’ carbon storage hub, energy minister says

Alberta prioritizes oilsands’ carbon storage hub, energy minister says

CALGARY — The government of Alberta, Canada’s main oil-producing province, plans to move forward “very, very quickly” on its next carbon sequestration hub in the Cold Lake region that will serve oilsands producers, Energy Minister Sonya Savage told Reuters. Alberta is currently accepting requests for proposals to operate an underground carbon storage hub serving the…

Brazil meatpacker Minerva mulling change of domicile

Brazil meatpacker Minerva mulling change of domicile

Brazil meatpacker Minerva approved a study to change its domicile in order to start trading outside Brazil, the company said in a securities filing on Thursday, without disclosing any locations. Minerva has not responded to a request for comment. Several Brazilian companies are looking to relocate to the United States and list on a [……

Argentine corn crop forecast at 48 mln tonnes in 2021/22 – Rosario exchange

Argentine corn crop forecast at 48 mln tonnes in 2021/22 – Rosario exchange

Argentine farmers are expected to harvest 48 million tonnes of corn in the 2021/22 season, the Rosario grains exchange said on Wednesday, a smaller harvest than previously estimated due to a drought and high temperatures in key farm areas last month. The corn harvest had been expected at 56 million tonnes…

Delinquent Shimao, Kaisa units named and shamed as defaults rise

Delinquent Shimao, Kaisa units named and shamed as defaults rise

SHANGHAI — Property firms controlled by developers Shimao Group Holdings, Kaisa Group Holdings and Greenland Group have been named and shamed in a list of Chinese companies “consistently overdue” on commercial paper payments. The total number of such delinquent firms jumped 26% in December from the previous month…

CNOOC raises 2022 production target, sees oil peak by 2030

CNOOC raises 2022 production target, sees oil peak by 2030

BEIJING/SINGAPORE — China’s CNOOC Ltd set its 2022 production target at 10% above last year’s goal, while expects its domestic crude oil output to hit a plateau by 2030 and domestic natural gas by 2035 in line with China’s peak fuel demand. The offshore oil and gas producer targeted a record output at 600 million-610…

Live updates: What you need to know about the Omicron wave today

Live updates: What you need to know about the Omicron wave today

Omicron’s rapid spread is bringing new restrictions and concerns daily. Get the latest news here…

French-owned mine in Brazil ordered to stop operating after dike overflow

French-owned mine in Brazil ordered to stop operating after dike overflow

RIO DE JANEIRO — The regulatory National Mining Agency (ANM) suspended operations of French steel pipe maker Vallourec at its Pau Branco iron ore mine in Brazil on Sunday, a day after a dike at the mine overflowed and cut off a federal highway, the company said…

Oil Rides Into 2022 on Bullish Wave as Demand Fears Fade

Oil Rides Into 2022 on Bullish Wave as Demand Fears Fade

Bloomberg) — Oil has started off 2022 with a bang.  A market that was supposed to suffer a ballooning surplus instead surpassed $80 a barrel last week as global demand shrugs off the omicron variant, while a host of supply constraints hit producers from Canada to Russia. …

Trump financier’s SPAC avoids liquidation after shareholders come through

Trump financier’s SPAC avoids liquidation after shareholders come through

Benessere Capital Acquisition Corp , a special purpose acquisition company (SPAC) led by former President Donald Trump’s business partner Patrick Orlando, secured enough votes from its shareholders on Friday to avoid liquidation. Benessere Capital extended its deadline of completing a merger from January 7 to July 7 after 65% of shareholders voted in a special…

Canadian dollar seen higher if global economy copes with COVID variants

Canadian dollar seen higher if global economy copes with COVID variants

TORONTO — The Canadian dollar is expected to strengthen over the coming year as global economic recovery continues from the COVID-19 crisis but gains for the currency could be kept in check by Federal Reserve interest rate hikes, a Reuters poll showed. The median forecast in a Reuters poll was for the Canadian dollar to…

U.S. factory orders increase strongly in November

U.S. factory orders increase strongly in November

WASHINGTON — New orders for U.S.-manufactured goods accelerated in November, but business spending on equipment likely struggled to rebound in the fourth quarter. The Commerce Department said on Thursday that factory orders rose 1.6% in November. Data for October was revised higher to show orders rising 1.2% instead of 1.0% as previously reported…

U.S. NTSB cuts back on travel over COVID-19 concerns

U.S. NTSB cuts back on travel over COVID-19 concerns

WASHINGTON — The chair of the National Transportation Safety Board (NTSB) said Wednesday the agency is halting travel unrelated to investigating crashes through at least the end of January. NTSB Chair Jennifer Homendy told employees in an email seen by Reuters that because of “substantial COVID numbers across the country – to include the Washington…

Yen wallows as Omicron fears subside and rate hikes loom

Yen wallows as Omicron fears subside and rate hikes loom

SYDNEY — The yen was pinned near a five-year low on the dollar on Wednesday and nursing losses on other crosses as traders wagered the Bank of Japan would lag a looming wave of global policy tightening as inflation gallops ahead around the world. The yen tumbled through support around 115.50 per dollar on Tuesday…