WRTV News at 11 | December 3, 2021
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WRTV News at 11 | December 3, 2021
ZURICH (Reuters) -Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world's second-largest luxury group said on Wednesday. Sales at Richemont rose to 5.658 billion euros ($6.41 billion) in the company's third quarter ended December, a 32% increase when currency swings were removed. The performance was 38% better than the 2019 Christmas quarter before the pandemic hit, Richemont said in a statement.
Global Atomic Corporation ("Global Atomic" or the "Company") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) provides this initial report on the Company's 15,000-meter drill program that commenced September 2021 at the Dasa Project.
CHICAGO (Reuters) -United Airlines Holdings on Wednesday reported a narrower-than-expected fourth-quarter loss, helped by strong holiday travel demand. The Chicago-based carrier expects revenue in the quarter through March will recover to 75% to 80% of 2019 levels as turbulence caused by the Omicron coronavirus variant depresses near-term demand. Rival Delta Air Lines last week forecast a current-quarter loss, citing the Omicron variant's impact on travel.
OTTAWA — Prime Minister Justin Trudeau is giving no indications of plans to rein in government spending after a critical report by the parliamentary budget officer questioned the Liberals' case to spend tens of billions in planned stimulus. The Liberals had promised up to $100 billion in economic stimulus, subject to a series of spending guardrails to determine whether the economy had recovered enough from the COVID-19 pandemic. Budget officer Yves Giroux's report released Wednesday morning said
MILAN (Reuters) -Prada sales bounced back sharply in 2021 as pent-up demand for luxury handbags and clothes helped push revenues above pre-pandemic levels, the Italian fashion group said. In an unscheduled trading update, Prada said on Tuesday that group sales last year rose 41% at constant exchange rates to 3.364 billion euros ($3.83 billion), 8% above 2019 levels. Milan-based Prada, known for its minimalist designs, was in the middle of a shift upmarket and online to revive sales when the coronavirus crisis hit, forcing retailers to shut stores around the globe and depriving them of key tourist spending.
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WASHINGTON — Enbridge Inc. and the state of Michigan are facing off in court once again in the latest chapter of the ongoing Line 5 pipeline saga. In new court documents, state Attorney General Dana Nessel is reprising her argument that the dispute over the cross-border gas line belongs in state court. And Calgary-based Enbridge says Michigan's effort to shut down the pipeline is an international issue that should be heard by a federal judge. In November 2020, Gov. Gretchen Whitmer ordered the l
B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its total gold production and consolidated gold revenues for the fourth quarter and full-year 2021, in addition to its production and budget guidance for 2022. All dollar figures are in United States dollars unless otherwise indicated.
Dubai's Emirates airline announced on Tuesday that it will suspend flights to several destinations in the United States as of Jan. 19 until further notice because of concerns over 5G mobile deployment. The move is "due to operational concerns associated with the planned deployment of 5G mobile network services in the U.S.", the company said. It said the destinations include Boston, Chicago, Dallas Fort Worth, Houston, Miami, Newark, Orlando, San Francisco, and Seattle.
The chip and supply chain shortages of 2021 have been difficult for automakers and consumers alike. But something positive has emerged from the chaos for 2022: more new car introductions. Among other things, the shortage forced many brands to delay the release of all-new and redesigned vehicles that were originally scheduled for 2021. To help you sort through the debuts, the experts at Edmunds have compiled a list of the five hottest vehicles that will arrive at dealerships in the next six to ni
AT&T and Verizon will postpone new wireless service near some airports planned for this week after the nation’s largest airlines said the service would interfere with aircraft technology and cause massive flight disruptions. AT&T said Tuesday it would delay turning on new cell towers around runways at some airports — it did not say how many — and work with federal regulators to settle the dispute. Verizon said it will launch its new 5G network but added, “we have voluntarily decided to limit our
According to data released by the China Automotive Technology & Research Center, HiPhi X was the best-selling luxury electric vehicles with MSRP more than 500,000 RMB in both December and the second half of 2021. Designed and manufactured by industry-leading new mobility and intelligent driving company Human Horizons, the HiPhi X is equipped with the latest in technological innovation and all of the trimmings of a luxury vehicle to create a new segment of cars, TECHLUXE®.
TORONTO — Researchers at a Toronto-based tech laboratory have uncovered security vulnerabilities and censorship frameworks in an app all 2022 Beijing Olympics attendees must use. The Citizen Lab, a research institute at the University of Toronto's Munk School of Global Affairs and Public Policy that studies spyware, found a "simple but devastating" flaw in the MY2022 app that makes audio files, health and customs forms transmitting passport details, and medical and travel history vulnerable to h
"Retail investors bought a lot less than they typically would," Vanda's Ben Onatibia and Giacomo Pierantoni said about Tuesday's session. Vanda's research note comes as enthusiasm around so-called "meme stocks" also appears to be fading, a year on from the GameStop Corp frenzy when retail investors coordinated on online message boards to buy into heavily shorted stocks. Even Microsoft Corp's bumper $68.7 billion purchase of "Call of Duty" maker Activision Blizzard, the biggest gaming industry deal in history, failed to cheer up retail investors.
NEW YORK (Reuters) -A U.S. appeals court on Wednesday revived a racketeering lawsuit accusing the consulting firm McKinsey & Co of concealing potential conflicts when seeking permission from bankruptcy courts to perform lucrative work on corporate restructurings. The 3-0 decision by the 2nd U.S. Circuit Court of Appeals in Manhattan was a victory for retired turnaround specialist Jay Alix, who accused McKinsey of running a "criminal enterprise" by hiding its ties to lenders and its clients' competitors. Alix said McKinsey's conflicts of interest should have disqualified it from 13 bankruptcies including American Airlines, food retailer Harry & David and coal producer Alpha Natural Resources, causing his former firm AlixPartners to lose assignments.
Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") today reports an updated and expanded mineral resource estimate for the Company's Bermingham deposit, located within the Keno Hill Silver District ("KHSD" or the "District") in Canada's Yukon Territory.
(Reuters) -UnitedHealth Group Inc on Wednesday said added costs of testing and treatment related to the recent surge in COVID-19 cases are being offset by postponements of non-urgent healthcare procedures, and the health insurer maintained its 2022 profit forecast. The comments should help allay investor concerns that the steep rise in COVID infections and hospitalizations driven by the Omicron variant of the virus in recent weeks would significantly drive up medical costs for health insurers. Adding to those concerns was a Biden administration initiative requiring insurers to reimburse Americans for up to eight at-home rapid COVID-19 tests per month, while setting no limit for tests, including at-home tests, that insurers must cover if they are ordered or administered by a healthcare provider.
ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)
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World Bank President David Malpass on Wednesday criticized Microsoft's $69 billion takeover of gaming developer Activision Blizzard as a questionable allocation of capital at a time when poor countries are struggling to restructure debts and fight COVID-19 and poverty. Malpass said during a Peterson Institute for International Economics virtual event that more capital needed to flow into poor countries, but these flows have been disrupted by unusually easy monetary policies in developed countries. He said he was struck by the scale of Microsoft's acquisition deal for "Call of Duty" maker Activision Blizzard.