Tag Archives: Vast

(Bloomberg) — JBS SA, the largest meat producer globally, has made “significant progress” to resolve the cyberattack that impacted its global operations and will have the “vast majority” of its plants operational on Wednesday. “Our systems are coming back online and we are not sparing any resources to fight this threat,” JBS USA Chief Executive Officer Andre Nogueira said in a statement late Tuesday. The cyberattack forced the shutdown of all of JBS’s U.S. beef plants –… Source link

(Bloomberg) — Treasury Secretary Janet Yellen is giving Federal Reserve Chairman Jerome Powell a bit of a headache when it comes to managing the money markets. Already low short-term interest rates are set to sink further, potentially below zero, after the Treasury announced plans earlier this month to reduce the stockpile of cash it amassed at the Fed over the last year to fight the pandemic and the deep recession it caused. The move, which aims to return its cash position at the central… Source link

(Bloomberg) — Tesla Inc. is closing in on an agreement to make electric vehicles in India for the first time, opening up a new growth opportunity after setting up production in China. Tesla has picked Karnataka, a southern state whose capital is Bangalore, for its first plant, the state’s chief minister said over the weekend. The automaker has been negotiating with local officials for six months and is actively considering car assembly in the suburbs of Bangalore, people familiar with the… Source link