September 29, 2021 BEIJING (Reuters) – Chinese automaker GAC is exporting China-made sport-utility vehicles to Mexico, in its first massive sales in the North America after years of planning to enter the key market. However, the cars are under Dodge marque. The “Dodge Journey” SUVs are built based on GAC’s vehicle design and made at […]
Tesco lets UK-Spain train take the strain to counter trucker crisis
September 29, 2021 LONDON (Reuters) – Britain’s biggest retailer Tesco plans to expand its use of a train service to bring goods from Spain into the country which helped it cut emissions and protect deliveries through a truck drivers’ shortage, its CEO told Reuters. Ken Murphy said in an interview for the upcoming Reuters Impact […]
Bolsonaro says northern Brazil power line to be built
September 29, 2021 BRASILIA (Reuters) – Brazil’s President Jair Bolsonaro on Wednesday said that a new power transmission line in the northern region has received all required licenses and will be built within three years. This power line connecting the northern cities of Boa Vista and Manaus is 715 km long. For years, its environmental […]
3 questions startups must answer before taking on their largest competitors
Sudheesh Nair Contributor Share on Twitter Sudheesh Nair is CEO of ThoughtSpot, a business intelligence company that has built an intuitive Google-like interface for data analytics. Before ThoughtSpot, Sudheesh was president at Nutanix. Speaking about the historical trajectory of significant movements, Gandhi once said, “First they ignore you, then they laugh at you, then they […]
U.S. pending home sales jump to seven-month high; mortgage applications fall
September 29, 2021 By Lucia Mutikani WASHINGTON (Reuters) -Contracts to buy U.S. previously owned homes rebounded to a seven-month high in August, but higher prices as supply remains tight are slowing the housing market momentum. Other data on Wednesday showed applications for loans to buy a house fell last week as mortgage rates increased after […]
U.S., EU launch consultations on tech regulations, chips, China trade
September 29, 2021 By David Lawder and Nandita Bose PITTSBURGH/WASHINGTON (Reuters) -U.S. and European Union trade and competition officials launched a new forum on Wednesday joining forces to better compete with China, shield sensitive technologies, boost semiconductor supplies and coordinate regulation of large technology firms. The U.S.-EU Trade and Technology Council opened its first meeting […]
Fed’s Powell: ‘Frustrating’ that supply chain kinks aren’t getting better
September 29, 2021 (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said it was “frustrating” that supply chain bottlenecks are not improving this deep into the recovery from the recession triggered by the coronavirus, and it appears they will persist into next year. Powell, speaking at a virtual European Central Bank event, also said […]
‘Unmitigated disaster’ – Republicans pick at Biden’s defense of Afghan pullout
September 29, 2021 By Phil Stewart and Patricia Zengerle WASHINGTON (Reuters) – Republican U.S. lawmakers tried on Wednesday to pick apart President Joe Biden’s defense of his withdrawal from Afghanistan as they attacked his judgment and honesty during a second day of contentious Congressional hearings with Pentagon leaders. Biden has faced the biggest crisis of […]
Italy’s Draghi to meet Greta Thunberg at Milan climate talks – source
September 29, 2021 ROME (Reuters) – Italian prime minister and current president of the G20 Mario Draghi is expected to meet climate activist Greta Thunberg in Milan on Thursday, two sources close to the matter said. Thunberg is among thousands of young people who have gathered in Italy’s financial capital to protest and meet policymakers, […]
Belarus opposition says man killed in shootout was IT worker
September 29, 2021 By Natalia Zinets and Matthias Williams (Reuters) -Belarusian security forces shot dead a 31-year-old man, identified by the pro-democracy opposition as an IT worker with U.S. company EPAM Systems, during a raid on Tuesday at an apartment block in the capital Minsk. The man had opened fire against the security forces, one […]
European stocks rise on AstraZeneca, ASM strength
September 29, 2021 By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks rose on Wednesday after one of the worst market routs this year as AstraZeneca lifted healthcare stocks on a deal to buy a rare disease drugmaker, while chip equipment producer ASM gained on an upbeat earnings forecast. British drugmaker AstraZeneca jumped 4.2% after […]
BOJ Kuroda: Japan economy to reach pre-COVID levels year-end or early 2022
September 29, 2021 TOKYO (Reuters) – Japan’s economy will continue to recover and could reach levels seen before the coronavirus pandemic by the end of 2021 or early in 2022, Bank of Japan Governor Haruhiko Kuroda said on Thursday. “All in all, consumption, which has been quite weak, will gradually step up. On the other […]
ECB’s Lagarde flags bottlenecks, energy and virus as key risks
September 29, 2021 FRANKFURT (Reuters) – The economic outlook for the euro zone is still fraught with uncertainty, stemming from supply bottlenecks, surging energy prices and new waves of the coronavirus pandemic, European Central Bank President Christine Lagarde said on Wednesday. “How long how those bottlenecks will take to be resolved… is one of the […]
BoE’s Bailey sees UK economy regaining pre-pandemic level in early 2022
September 29, 2021 LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that he expected Britain’s economy to recover its pre-pandemic level of output early next year, a little later than the central bank had predicted last month. “I expect us to be back to the pre-pandemic level in the early part […]
Exclusive-Telecoms tycoon Drahi in talks to buy French satellite firm Eutelsat – sources
September 29, 2021 By Gwénaëlle Barzic and Pamela Barbaglia PARIS (Reuters) -Telecoms tycoon Patrick Drahi is in talks to buy French firm Eutelsat in a deal that would see one of his investment vehicles take direct control of the Paris-listed satellite operator, two sources familiar with the matter told Reuters. Drahi is working with banks […]
Factbox: Billionaires battle CEOs at Italy’s Generali and Mediobanca
September 29, 2021 MILAN (Reuters) – Power struggles at insurer Generali and Mediobanca have billionaires Leonardo Del Vecchio and Francesco Gaetano Caltagirone pitted against the CEOs of both groups. Here are the key facts in a growing confrontation over the strategies of both Italy’s most powerful investment bank and the country’s biggest insurer, which holds […]
From Bond to ‘Macbeth’: Daniel Craig to return to Broadway stage
September 29, 2021 (Reuters) – Bond star Daniel Craig has chosen his next act. The British actor, whose fifth turn as the British secret service agent had its world premiere https://ift.tt/2Y2BqH2 in London on Tuesday, is to play the ambitious and murderous “Macbeth” on Broadway next year, producers said on Wednesday. The new production, with […]
Climate volatility helps AgTech platform Semios raise $100M round led by Morningside
One of the greatest challenges for farmers today is the increasingly volatility in the climate, leading to unpredictable weather patterns, making growing conditions challenging. If farmers can’t grow crops, then our food security is as risk. Gradually, the field of AgTech is attempting to address this issue. There are increasing numbers of FaaS or ‘Farming […]
72 hours left to save $100 on passes to TC Sessions: SaaS 2021
Like sands through the hourglass so are the days of…no, hold on, hold on. It’s not time to watch your favorite soap opera. It’s time to stop procrastinating and buy your pass to TC Sessions: SaaS 2021 before the early bird price expires promptly on October 1 at 11:59 pm (PT). That’s in just three […]
ASML sees decade of growth, $28-35 billion revenues by 2025
September 29, 2021 AMSTERDAM (Reuters) -ASML Holding NV, one of the key suppliers to computer chip makers, increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products. “We feel very comfortable with these numbers” Chief Executive Peter Wennink said at […]