David Barret

September 30, 2021 MILAN (Reuters) – Italy’s Inter Milan doubled its loss in the 2020-21 financial year ending in June, to 246 million euros, as the soccer club was hit hard by the coronavirus pandemic. Revenues edged down to 365 million euros ($422.82 million)from 372 million the previous year. The club said on Thursday it […]

September 30, 2021 By Svea Herbst-Bayliss and Makiko Yamazaki NEW YORK/TOKYO (Reuters) -Hedge fund Elliott Management said it has built a stake in troubled Japanese industrial conglomerate Toshiba Corp, which is undertaking a strategic review amid pressure from other shareholders. Elliott, one of the world’s most powerful activist investors, which oversees some $48 billion in […]

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 Russian foreign ministry as saying on Friday. “We observe with concern the growing tensions in Tajik-Afghan relations amid mutually strong […]

September 30, 2021 By Alistair Smout LONDON (Reuters) -A police officer was jailed for life on Thursday for abducting marketing executive Sarah Everard on a London street as she walked home from a friend’s house then raping and murdering her in a case that shocked Britain and stirred protests over violence against women. Wayne Couzens, […]

September 30, 2021 By Foo Yun Chee LUXEMBOURG (Reuters) – A 4.34 billion euro ($5 billion) European Union antitrust fine was based on flawed calculations, Alphabet’s Google said on Thursday, urging Europe’s second-highest court to scrap or reduce what it said was not an appropriate penalty. Google was fined for using its Android mobile operating […]

September 30, 2021 AMSTERDAM (Reuters) -Four Dutch political parties, including caretaker Prime Minister Mark Rutte’s conservative VVD Party, agreed on Thursday to hold talks on forming a new coalition government, a breakthrough more than six months after a national election. The four parties are the same as had formed Rutte’s previous government, though it had […]

EV startup Lordstown Motors made headlines when it purchased a 6.2 million-square-foot factory from General Motors in 2019. Now, it looks like the strapped-for-cash startup will likely sell that facility to Taiwan’s Foxconn Technology Group. The news was first reported by Bloomberg, who said unnamed sources suggested the deal could close as early as this […]

In 2019, Rivian showed up at the Overland Expo West in Flagstaff, Arizona with a prototype of what is now known as the camp kitchen. Now, with production ready 2022 Rivian R1T electric pickup trucks coming off the assembly line, the final version of the kitchen is ready for prime time. The automaker has made […]

Ola Electric announced this morning that it closed a $200 million round at a $3 billion valuation. The EV company’s parent, Ola, is best known as an Indian ride-hailing platform. Ola itself has raised more than $4.5 billion to date, per Crunchbase data, while Ola Electric is now over the $500 million fundraising mark, if […]

September 30, 2021 (Reuters) – The world’s leading female cyclists will be unleashed for the first time ever on the notorious Paris-Roubaix cobbles on Saturday as they get their chance to race the so-called Hell of the North. In another sign that women’s professional cycling is finally gaining the iconic stages it deserves, the first […]

September 30, 2021 By Shadia Nasralla LONDON (Reuters) -Oil prices fell after U.S. trading opened, erasing earlier gains, as higher U.S. crude oil inventories and a strong dollar outweighed bullishness from supply deficit forecasts. U.S. oil dipped $1.00 to $73.83. Brent crude for November delivery was down 62 cents at $78.02 a barrel by 1245 […]

September 30, 2021 By Foo Yun Chee BRUSSELS (Reuters) -The European Commission on Thursday proposed extending looser state aid rules for virus-hit companies for six months to June 2022 in a bid to slowly wean them off the billions of euros provided by governments across the European Union. The EU executive, tasked with ensuring a […]

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 […]

September 30, 2021 DETROIT (Reuters) – Electric vehicle startup Lordstown Motors Corp is in talks to sell the northeast Ohio assembly plant it acquired from General Motors Co to Taiwan contract manufacturer Foxconn, Bloomberg reported on Thursday. Lordstown and Foxconn are set to announce the deal as soon as this week, Bloomberg reported, citing unnamed […]

September 30, 2021 FRANKFURT (Reuters) – Global container liner problems related to post-corona logistics hiccups have intensified in the third quarter and show no sign of letting up, the world’s number five operator, Hapag-Lloyd, said on Thursday. Chief executive Rolf Habben Jansen told reporters in an online briefing that container usage in August was up […]

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, an even heftier policy tightening than markets and analysts had expected, delivering its biggest hike since 1997 as inflation soars. The two-week repo rate stands at 1.50% after the […]

Activ Surgical, a Boston-based digital surgery company, announced a $45 million Series B round on Thursday. The round comes during a critical year for Activ Surgical. It’s in the process of developing new tools that give surgeons the ability to see otherwise invisible structures, and has plans to roll out those tools in the coming […]

Silicon Valley-based venture capital (VC) firm Benhamou Global Ventures, known as BGV, closed its fourth fund with $110 million to support global enterprise companies. The new fund is 60% larger than its third fund and will be invested similarly, in seed and Series A startups focused on what general partner Anik Bose said the firm […]

September 30, 2021 By Alan Baldwin LONDON (Reuters) – Qatar’s 10-year deal with Formula One announced on Thursday will boost the balance sheet of a sport recovering from the hit of COVID-19 as well as further raising the profile of the Middle East in an increasingly global championship. Formula One had not raced in the […]

September 30, 2021 BERLIN (Reuters) – Carmaker Opel, which is part of the Stellantis group, said on Thursday it will close one of its plants in Germany until at least the end of the year due to chip shortages. Production at the Eisenach plant, which makes internal combustion engine and hybrid electric cars, should start […]