Honda Motor Company announced plans to innovate in new business areas like electric vertical take-off and landing aircraft (eVTOL), bipedal robots and space technology. Honda R&D Co., Honda Motor Company’s (HMC) innovations arm, will be leading the effort on “outside-the-box research on technologies that will bring about new value for people by expanding the potential […]
Goldman Sachs appoints Tai as Southeast Asia investment banking head – memo
September 30, 2021 HONG KONG (Reuters) – Goldman Sachs has appointed Andy Tai as head of investment banking in Southeast Asia, according to an internal memo seen by Reuters. Tai, who retains his senior role as a technology, media and telecom banker at the U.S. bank, will relocate to Singapore from Hong Kong to take […]
Myanmar military blames economic situation on COVID-19 waves
September 30, 2021 (Reuters) – The economic difficulties in Myanmar have been caused by two waves of COVID-19 infections and the government is doing its best to resolve the situation as soon as possible, military spokesman Zaw Min Tun said on Thursday. The central bank had also been unable to meet local demand for dollars, […]
Hong Kong developer to research how to tackle chronic housing shortage
September 30, 2021 (Refiles to correct dateline to Hong Kong) HONG KONG (Reuters) -Hong Kong property developer New World Development said on Thursday it would launch a research project to tackle a chronic housing shortage and sky-high home prices in one of the world’s most expensive property markets. The news comes as private home prices […]
Thunberg and other youth activists meet Draghi to push on climate talks
September 30, 2021 By Stephen Jewkes and Giulio Piovaccari MILAN (Reuters) – Youth climate activists including Greta Thunberg are meeting Italy’s Prime Minister and current president of the G20 Mario Draghi on Thursday in a final push to get world leaders to match rhetoric with action before the U.N. COP26 climate summit. Thousands of young […]
Taiwan, on chip information request, says respects US laws
September 30, 2021 TAIPEI (Reuters) – Taiwan respects U.S. commercial law and rules but will help Taiwanese companies if they receive any “unreasonable requests”, the government said on Thursday after the United States pressed firms to provide information on the semiconductor crisis. The White House asked automakers, chip companies and others last week to provide […]
Ireland to back global tax deal if concerns met – minister
September 30, 2021 DUBLIN (Reuters) -Ireland will likely sign up to an overhaul of global corporate tax rules if certainty is brought to bear on its concerns when an updated text of the OECD’s proposals is published shortly, Finance Minister Paschal Donohoe said on Thursday. Ireland, the low-tax European headquarters for a number of the […]
China seeks to quell power crunch fears, as coal prices soar, winter nears
September 30, 2021 (This Sept. 29 story refiles to correct spelling of name in list of reporters on the story) By Gabriel Crossley and Shivani Singh SHENYANG, China (Reuters) – China on Wednesday demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s […]
Rugby League-Crowd reduced for NRL final due to COVID-19 restrictions
September 30, 2021 (Reuters) – Australia’s National Rugby League (NRL) final between Penrith Panthers and South Sydney Rabbitohs on Sunday will be played in front of a reduced crowd of 39,000 in Brisbane because of new COVID-19 restrictions, the league said on Thursday. The move follows Queensland Premier Annastacia Palaszczuk’s announcement of stage-two coronavirus restrictions […]
Samsung May Manufacture Next-Gen Self-Driving Chips For EV Manufacturer Tesla
Samsung is reportedly in talks with Elon Musk’s company to manufacture the next-generation self-driving chips for Tesla’s fully autonomous vehicles. The chips that the South Korean would manufacture will be based on its 7-nanometer chip production process. The development doesn’t come as a surprise because both the companies have discussed the topic of chip designing […]
MLB roundup: Brewers end Cards’ win streak at 17
September 30, 2021 Daniel Vogelbach hit a two-run homer as the visiting Milwaukee Brewers snapped the St. Louis Cardinals’ 17-game winning streak with a 4-0 victory Wednesday. Adrian Houser (10-6) and relievers Brent Suter, Brad Boxberger and Aaron Ashby combined on a three-hitter for the Brewers, who have won four of their last five games. […]
BOJ’s Kuroda says consumption stagnating, outlook highly uncertain
September 30, 2021 TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Thursday warned that consumption is stagnating at “low levels” with the outlook heavily reliant on developments regarding the COVID-19 pandemic. “The timing and pace of recovery in consumption remains highly uncertain,” Kuroda said in a speech delivered at an online annual meeting […]
European equities on course to end volatile September on bright note
September 30, 2021 (Reuters) – European stocks rose on Thursday, extending gains after a bruising sell-off earlier this week as lingering worries about slowing global economic growth and higher inflation put the main markets on course for a monthly drop. The pan-regional STOXX 600 index rose 0.6% by 0718 GMT, led by defensive sectors such […]
Christmas prices will rise in Britain, truckers say
September 30, 2021 By Guy Faulconbridge and Ben Makori TATSFIELD, England (Reuters) – Truck drivers have a cautionary message for British Prime Minister Boris Johnson: an acute shortage of drivers is ratcheting up their wages and that will have a knock-on effect on prices for food and gifts in the run-up to Christmas. An air […]
Facebook faces threat of huge fine in Russia over banned content -report
September 30, 2021 MOSCOW (Reuters) – Russia may seek to fine social media giant Facebook up to 10% of its annual turnover in the country for a repeated failure to delete content which Moscow deems illegal, the Vedomosti daily reported on Thursday. State communications regulator Roskomnadzor said Facebook’s repeated violations could see it fined 5% […]
Marketmind: One coin to rule them all
September 30, 2021 A look at the day ahead from Julien Ponthus That the practicalities of minting a U.S. trillion-dollar coin are actually being debated says a lot about the zeitgeist of this final day of Q3 2021. Yes, #MintTheCoin is a thing and while the idea of Treasury Secretary Janet Yellen raising $1,000,000,000,000 through […]
Virgin Money to shut one in five branches amid online shift
September 30, 2021 FRANKFURT (Reuters) -Virgin Money UK will close almost one in five branches in the coming months as more customers shift to online banking, the British bank said on Thursday, the latest lender to cut back its high-street presence after the pandemic. The bank, which had promoted its branches as “community-focussed spaces” to […]
Japan’s Rakuten Group to start preparing for bank unit IPO
September 30, 2021 TOKYO (Reuters) -Japanese mobile phone services and online shopping mall operator Rakuten Group Inc said it will start preparing for an initial public offering of the group’s online banking unit, as it looks to raise funds from its fintech business. The planned listing will allow Rakuten Bank Ltd, which had 186.8 billion […]
Oxford Nanopore eyes $4.7 billion market value in London debut
September 30, 2021 (Reuters) – Biotech group Oxford Nanopore Technologies is set to start trading in London on Thursday with a market capitalisation of about 3.4 billion pounds ($4.65 billion) at an offer price 425 pence per share. The company, which specialises in DNA sequencing and provides rapid COVID-19 tests to Britain’s national health services, […]
Sinch acquires Pathwire, the company behind Mailgun and Mailjet, for $1.9B to add email into its API-based communications platform
Sinch, the Swedish company that competes with Twilio and others in the world of messaging and other communication APIs is making another big M&A play to build out its platform. It has acquired Pathwire, the cloud-based email provider behind Mailgun, Mailjet and Email on Acid. Sinch said it would pay $925 million in cash, with […]
