September 30, 2021 By Marc Jones and Tom Wilson LONDON (Reuters) – A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concerns that the new technology could upend commercial lenders. Worried that the explosion of […]
U.S. Senate defeats bid to curtail benefits for Afghan refugees
September 30, 2021 WASHINGTON (Reuters) – The U.S. Senate narrowly defeated Republican-backed legislation on Thursday that would have curtailed assistance for thousands of Afghans evacuated last month as U.S. forces withdrew and the militant Islamist Taliban took over Afghanistan. The measure failed on a 50-50 vote because it needed a simple majority to be included […]
Russia urges calm between ally Tajikistan, Afghanistan
September 30, 2021 MOSCOW (Reuters) -Russia urged Tajikistan and Afghanistan to resolve any dispute in a mutually acceptable manner, saying it had heard reports they were sending troops to their common border, TASS quoted the foreign ministry in Moscow as saying on Thursday. Tajik President Emomali Rakhmon has refused to recognise the Taliban-appointed cabinet in […]
Private groups aiding thousands in Afghanistan worry about dwindling funds
September 30, 2021 By Jonathan Landay WASHINGTON (Reuters) – Stacia George hired buses to take hundreds of Afghans, including many who worked for the U.S. government, to the northern city of Mazar-i-Sharif after the Taliban seized Kabul. She planned for charter jets to whisk them to new lives outside Afghanistan. But a month later, the […]
Euro zone to discuss economic hit from soaring energy prices
September 30, 2021 By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers will discuss soaring energy prices on Monday, concerned they could slow economic recovery, impact on investment decisions and disproportionately hit the poorest, a European Commission note showed. The note, prepared for the ministers’ meeting in Luxembourg, said however, that any policy response […]
Boxing-Irish boxer feels vindicated by findings of report into Rio Games
September 30, 2021 LONDON (Reuters) – Irish boxer Michael Conlan said he felt vindicated by an independent report published on Thursday that found evidence of corruption and manipulation of bouts at the 2016 Rio de Janeiro Olympics. Conlan’s quarter-final defeat in Rio triggered an outcry at the time, with the bantamweight blasting boxing’s world body […]
U.S. Senate approves stop-gap funding to keep government running
September 30, 2021 WASHINGTON (Reuters) – A majority of the U.S. Senate on Thursday voted to keep the government fully operating at the end of this week when the new fiscal year begins. The bill now goes to the House of Representatives, which is expected to vote on the bill before a Thursday midnight deadline […]
Nigerian military says air strike hit Islamic State, playing down alleged civilian deaths
September 30, 2021 ABUJA (Reuters) – The Nigerian military said on Thursday a deadly air strike hit an Islamic State camp and that casualties could not be determined, after witnesses said the attack had killed dozens of civilians in the northeast, where the country is waging a 12-year war against jihadist insurgents. Two Nigerian Air […]
Self-driving startup Aurora maps out commercial strategy
September 30, 2021 By Tina Bellon PALMER, Texas (Reuters) – Self-driving startup Aurora says it has discovered a path to turn costly self-driving vehicles into a profitable business, showcasing its technology to investors this week ahead of a public listing it hopes will provide some $2 billion in additional funding. The move comes as several […]
Fed’s Evans: inflation expectations not ‘out of hand’
September 30, 2021 (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Thursday said his read on a wide range of measures of inflation expectations does not suggest recent high inflation readings are getting entrenched into the long-term trajectory for U.S. prices. Inflation expectations “are not getting out of hand,” Evans said in an […]
Saints, Pelicans owner discloses succession plan, wants teams in New Orleans
September 30, 2021 Gayle Benson, the owner of the NFL’s New Orleans Saints and the NBA’s Pelicans, has taken steps to ensure the teams remain in the city after her death. Benson, who inherited the teams from her late husband, Tom, disclosed the succession plans in a joint report from The Times-Picayune and WVUE-TV. It […]
Czech central bank delivers biggest rate hike in 24 years to battle inflation spike
September 30, 2021 By Robert Muller and Jan Lopatka PRAGUE (Reuters) -The Czech National Bank (CNB) raised its main rate by 75 basis points on Thursday, surprising markets with its biggest hike since 1997 and sending a signal it would not allow inflationary expectations to grow further amid a price spike. The Czech economy, like […]
S&P says it expects U.S. Congress to address debt ceiling on time
September 30, 2021 (Reuters) – S&P Global Ratings said on Thursday it anticipates the U.S. Congress will address the debt ceiling in a timely manner, either by raising it or suspending it. If not, the credit rating agency pointed to “severe and extraordinary consequences” on the financial markets. “It would be unprecedented in modern times […]
Allianz asset management head Jacqueline Hunt stepping down from board
September 30, 2021 BERLIN (Reuters) – Allianz’s head of asset management Jacqueline Hunt is stepping down from the board, the company said in a statement on Thursday, after a scandal over billions of dollars in hedge fund losses prompted a restructuring of the firm’s management. The executive, who joined the company in 2016 and was […]
OPEC+ considers options for releasing more oil to the market -sources
September 30, 2021 By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler (Reuters) – OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, against a backdrop of oil near a three-year high and pressure from consumers for more supply. The Organization […]
Fed’s Bostic says hiring process for regional presidents “has worked well”
September 30, 2021 By Howard Schneider WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Thursday he welcomed a Board of Governors ethics review following the resignation of two of his colleagues this week, and felt that the Fed’s process for replacing them is adequate to ensure a diverse set of applicants is considered […]
BMW lifts annual profit forecast to 9.5%-10.5%
September 30, 2021 BERLIN (Reuters) – BMW lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%, the company said in an ad hoc statement on Thursday, as higher prices for new and used vehicles outweigh the effect of supply chain issues. The carmaker also lifted its forecast for return […]
Philippines kicks off election season under pandemic cloud
September 30, 2021 By Karen Lema MANILA (Reuters) – The Philippines opens a week-long window on Friday for filing of candidacy for thousands of political posts, from the presidency down to town councillors, kicking off what is expected to be a hotly contested election in May next year. The process should put an end to […]
These two former corporate VCs just raised $110 million for their own fund
All kinds of teams are raising venture funds these days, so don’t be surprised to see more investors from corporate venture firms decide to create their own outfits, too. They might look to Counterpart Ventures for inspiration. Founded by Patrick Eggen and Joe Saijo, the three-year-old, San Francisco-based outfit just closed a $110 million fund […]
Scaling across Series A to C
Arthur Nobel Contributor Share on Twitter Arthur Nobel is an entrepreneur turned investor, now working as principal at Knight Capital in Amsterdam, specializing in scaling companies. He started his career at Rocket Internet before holding various growth roles across Europe. Co-author of the book “Leaders of Growth,” he also hosts its related podcast. The T2D3 […]
