Today's Top Story
Top U.S. fuel pipeline edges toward reopening as gasoline shortages worsen
(Reuters) - The top U.S. fuel pipeline, which has been disabled by a cyberattack for six days, sent workers to manually release some stored supplies on Wednesday as fuel shortages across the Southeast worsened and motorists fumed. Read More
Amazon wins court fight against $303 million EU tax order, Engie loses
BRUSSELS (Reuters) - Amazon on Wednesday won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg as Europe's second highest court dealt a blow to the bloc's crackdown against unfair tax deals for multinationals.
Uber, Lyft want more public subsidies to meet California EV mandates
(Reuters) - California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures that the companies call unrealistic without more public subsidies for EVs.
Digital coin ether hits record high as 2021 gains near 500%
LONDON (Reuters) -Cryptocurrency ether hit a record high on Wednesday, taking gains this year to almost 500% on the back of a growing interest in decentralised finance applications and increasing institutional interest in cryptocurrencies.
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Futures slip with focus on inflation report
(Reuters) - U.S. stock index futures slipped on Wednesday as investors cautiously awaited inflation data that could force the Federal Reserve to reconsider its ultra-loose monetary policy.
Euro zone to rebound more strongly, borrowing curbs to stay on hold -EU
BRUSSELS (Reuters) -The euro zone economy will rebound from its COVID-19 slump more strongly than previously thought this year and next, the European Commission said, but EU borrowing limits should remain suspended in 2022 so as not to jeopardise that recovery.
IEA sees oil demand recovery outpacing growth in supply
LONDON (Reuters) - Oil demand is already outstripping supply and the shortfall is expected to widen even if Iran boosts exports as vaccinations against COVID-19 bolster the global economy, the International Energy Agency (IEA) said on Wednesday.
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BlackRock expands China footprint with wealth management licence
SHANGHAI (Reuters) -BlackRock Inc has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country's fast-growing asset management market.
Analysis: What happened when a U.S. state required details on corporate diversity
(Reuters) - Aerospace company Boeing Co was explicit, naming who among its dozen directors were women, Asian and African American. Agricultural giant Archer Daniels Midland Co offered a more general accounting, saying its board was 55% diverse.
Investor Legal & General backs activist in Exxon proxy battle
HOUSTON (Reuters) -Britain's biggest asset manager, Legal & General, on Tuesday said it will vote for an activist hedge fund's board slate at Exxon Mobil's shareholder meeting later this month, fueling a pitched fight over the oil major's future.
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