September 29, 2021 CHICAGO (Reuters) – United Airlines does not expect its vaccine mandate to impact the company’s operations, Chief Executive Scott Kirby told CNBC on Wednesday. The comments came a day after the airline said it would start the process of firing 593 employees who failed to comply with its vaccination policy. United said […]
GM CEO Barra named chair of Business Roundtable
September 29, 2021 WASHINGTON (Reuters) – General Motors Chief Executive Mary Barra on Wednesday was named chair of the Business Roundtable, an influential group of U.S. business leaders, the automaker confirmed. Barra was elected by fellow CEOs to succeed Doug McMillon, president and CEO of Walmart, who has chaired the group since January 2020. Business […]
Dollar ascends to fresh 10-1/2-month peak; U.S. debt ceiling impact muted
September 29, 2021 By Gertrude Chavez-Dreyfuss and Iain Withers NEW YORK/LONDON (Reuters) -The dollar surged on Wednesday to a fresh 10-1/2-month peak against rival currencies, boosted by increased expectations for a reduction in the U.S. Federal Reserve’s asset purchases by the end of the year and an interest rate hike, possibly in late 2022. The […]
Myanmar currency drops 60% in weeks as economy tanks since February coup
September 29, 2021 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money exchanges closed on Wednesday due to the turmoil, while the kyat’s […]
Facebook Reels exits beta in the U.S. with offers to pay creators for well-performing videos
After launching into beta tests just last month, Facebook today is rolling out Reels to all Facebook users in the U.S. on both iOS and Android. The feature, Facebook’s response to TikTok, allows creators to make and share short-form video content using a variety of editing tools including those for music and audio, AR effects, […]
Starfish Space raises $7M for in-orbit servicing space tug
Satellite servicing company Starfish Space has closed $7 million in funding to accelerate the development of a space tug vehicle that can extend the life of spacecraft and get rid of orbital debris. Servicing satellites used to be nigh impossible, due to the extreme costs associated with going to orbit. Essentially, once a spacecraft was […]
German SPD says talks with kingmakers will not start this week
September 29, 2021 BERLIN (Reuters) – Germany’s Social Democrats (SPD), who narrowly won Sunday’s national election, will not start talks with the Greens and the Free Democrats (FDP) about forming a three-way government until next week, a senior SPD politician said on Wednesday. The Greens and the liberal FDP, who are far apart on many […]
‘You are making the future today’, Pope tells youth climate activists
September 29, 2021 MILAN (Reuters) – Pope Francis on Wednesday praised youth climate campaigners for their efforts to tackle global warming and encouraged them to carry on with their work “for the good of humanity”. Thousands of young activists have converged on Milan this week for a Youth4Climate event, with some 400, from about 190 […]
N.Korea joins race for new hypersonic missile with latest test
September 29, 2021 By Sangmi Cha SEOUL (Reuters) -North Korea test-fired a newly developed hypersonic missile earlier this week, state news media KCNA reported on Wednesday, joining a race headed by major military powers to deploy the advanced weapons system. North Korea fired the missile off its east coast towards the sea, South Korea’s military […]
Pele set to leave hospital after colon op, daughter says
September 29, 2021 SAO PAULO (Reuters) – Brazilian soccer legend Pele is set to leave hospital after recovering from an operation to remove a tumour from his colon, his daughter Kely said on Wednesday. She did not say exactly when he would leave the Albert Einstein hospital in Sao Paulo but the Estado de Sao […]
Fed’s Harker says it will soon be time to begin tapering bond purchases
September 29, 2021 (Reuters) – The Federal Reserve’s massive asset purchases helped to stabilize markets at the start of the pandemic but it will “soon” be time to start reducing them, Philadelphia Fed Bank President Patrick Harker said on Wednesday. “I am in the camp that believes it will soon be time to begin slowly […]
Factbox-Hiring for holiday season in tightening U.S. labor market
September 29, 2021 (Reuters) -Retailers, restaurants and providers of delivery services are scrambling to hire and retain workers ahead of the all-important holiday season as they wrestle with a tight U.S. labor market. While some are offering more work hours to existing employees to ensure their stores are sufficiently staffed during the festive season, others […]
Lucid to start deliveries of electric cars with range exceeding Tesla’s in October
September 29, 2021 By Hyunjoo Jin CASA GRANDE, Ariz. (Reuters) – U.S. startup Lucid Group Inc said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated. The California-based Lucid began production of […]
Toothfairy’s virtual dentist app raises £3M Seed round led by ADA Ventures and Slingshot
Platforms for dentists are booming right now as many governments gradually make it harder to access dentistry via social care, especially in the UK. But the most lucrative market is cosmetic dentistry and this is where startups are often playing, such as aggregating private clinics under a simple booking platform. Toothfairy is a UK startup […]
German Greens, FDP cosy up as coalition dance begins
September 29, 2021 BERLIN (Reuters) -Germany’s pro-business Free Democrats (FDP) plan further talks with the Greens on Friday before meeting the two bigger parties at the weekend about building a three-way coalition, the FDP’s secretary general said on Wednesday. Volker Wissing’s comments came after a smiling selfie of FDP and Green leaders together at an […]
UAE block on internet calls eases for Expo 2020 site visitors
September 29, 2021 (Refiles to say Expo will open on Friday) By Lisa Barrington DUBAI (Reuters) -Authorities have let people make calls over WhatsApp and other internet apps in the grounds of the Expo 2020 Dubai world fair, opening up a chink in a ban that has long frustrated businesses and residents. Most applications using […]
U.S. says it is seeking information on North Korea tests, remains open to talks
September 29, 2021 GENEVA (Reuters) – The United States is seeking more information on North Korea’s recent testing, including its hypersonic missile test, but remains keen to resume diplomatic talks, a senior U.S. arms control official said on Wednesday. Bonnie Jenkins, U.S. under-secretary for arms control for international security, responding to a question from Reuters, […]
Egypt’s Sisi and U.S. security adviser agree to step up work on Libya- statement
September 29, 2021 CAIRO (Reuters) -Egypt’s president and visiting U.S. National Security Advisor Jake Sullivan agreed to intensify international efforts over upcoming elections in Libya at talks in Cairo on Wednesday, an Egyptian presidency statement said. President Abdel Fattah al-Sisi and Sullivan also discussed reconstruction in the Gaza Strip, the Grand Ethiopian Renaissance Dam (GERD), […]
What Amplitude’s direct listing says about IPO pops (and how startups can avoid them)
As a general rule, I refuse to worry about how much money bankers make. They have historically done just fine, and I presume will continue to do so. In a similar manner, I don’t worry about how much money venture capitalists earn. Not really. Sure, it’s nice to figure out deal-specific returns here and there, […]
Jeep’s Grand Cherokee plug-in hybrid will arrive in early 2022
Jon Fingas Contributor Jon Fingas is a contributing writer at Engadget. More posts by this contributor Apple Wallet is getting verifiable COVID-19 vaccination cards Defense Department seeks nuclear propulsion for small spacecraft As promised, Jeep has detailed its first Grand Cherokee plug-in hybrid. The company has confirmed the Grand Cherokee 4xe will arrive in North […]
