September 29, 2021 BERLIN (Reuters) – Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar’s Land Rover. The BMW-owned brand said in a statement that its first fully electric powered car, named ‘Spectre’, will be on the […]
UK retail’s 100 million stg man – Frasers investors back next CEO’s bonus scheme
September 29, 2021 By James Davey LONDON (Reuters) -Shareholders in British sportswear retailer Frasers Group on Wednesday backed a new executive share scheme which could earn chief executive designate Michael Murray 100 million pounds ($137 million). Frasers, which was formerly called Sports Direct and is controlled by founder Mike Ashley, said last month that Murray […]
Luxury carmaker Rolls-Royce to switch to all electric range by 2030
September 29, 2021 BERLIN (Reuters) – Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar’s Land Rover. The BMW-owned brand said in a statement that its first fully electric powered car, named ‘Spectre’, will be on the […]
New U.S. SEC rules to call on hedge funds, endowments to disclose votes
September 29, 2021 By Katanga Johnson and Ross Kerber WASHINGTON/BOSTON (Reuters) – The top U.S. securities regulator on Wednesday will propose requiring large hedge funds and endowments to disclose how they vote on executive pay, bringing this clutch of influential investors in line with other top funds that have made their pay votes public for […]
Dollar at 2021 highs even as U.S. government shutdown looms
September 29, 2021 By Iain Withers LONDON (Reuters) -The dollar was flying high on Wednesday and hit a 2021 peak against rival currencies even though arguing in Washington over the U.S. debt ceiling threatened to plunge the government into a shutdown. The greenback – the world’s reserve currency seen as a safe haven bet at […]
Gender equality in Japan? Ruling party race shows female PM is still a way off
September 29, 2021 By Elaine Lies TOKYO (Reuters) – The secretaries handing out ballots as Japan’s ruling party chose the next prime minister on Wednesday were all women. The power brokers and lawmakers doing the voting were overwhelmingly men. For the first time ever, two women stood in the race to become leader of 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 […]
UK denies fishing permits to three-quarters of small French boats
September 29, 2021 LONDON (Reuters) – France accused Britain of playing politics with post-Brexit fishing rights on Wednesday after London granted licenses to fish in its territorial waters to only 12 small French boats out of 47 applications. Britain said it was open to further discussion with the boats it had rejected, adding that they […]
Mission accomplished: critics praise Bond film ‘No Time To Die’
September 29, 2021 By Marie-Louise Gumuchian LONDON (Reuters) – James Bond film “No Time To Die” may be debuting 18 months later due to the COVID-19 pandemic, but most critics said it was worth the wait. Reviews lavished praise on Daniel Craig’s fifth and last outing after a 15-year tenure as the suave British […]
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 […]
AUKUS pact no threat to Indo-Pacific stability, U.S. envoy says
September 29, 2021 By Stanley Widianto JAKARTA (Reuters) – A defence pact between Australia, the United States and Britain is no threat to Indo-Pacific stability and is not aimed at any one country, a U.S. envoy said on Wednesday, amid concern in a region where China’s influence is on the rise. Indonesia is worried that […]
Tunisia leader picks first woman as PM at moment of crisis
September 29, 2021 TUNIS (Reuters) -Tunisian President Kais Saied named Najla Bouden Romdhane, a little-known university engineer with World Bank experience, as prime minister on Wednesday nearly two months after he seized most powers in a move his foes call a coup. Romdhane, Tunisia’s first woman prime minister, will take office at a moment of […]
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 […]
Vale rescues all 39 workers trapped in Canadian mine
September 29, 2021 SAO PAULO (Reuters) – Vale has successfully rescued all 39 of its employees who were trapped in its Totten copper, nickel and precious metals mine in Sudbury, Ontario, Canada, the Brazilian miner said on Wednesday. All workers are in good health, Vale said. They were trapped on Sunday when a vehicle transporting […]
Energize Ventures raises $330M to fund energy, mobility and climate resiliency technology
Energize Ventures, an early and growth-stage venture fund, has announced the closing of its second fund with total capital commitments of $330 million. Fund II will be used to help scale and commercialize software across renewable energy, mobility, cybersecurity, battery storage, critical infrastructure and climate resiliency. The fund, which is worth exactly double what Energize […]
EquityBee snaps up $55M for a marketplace that connects employees with capital to help them exercise their stock options
Stock options can hold a lot of potential reward for employees when their company is doing well, but not every person will have the funds to fully exercise — that is, buy up — the options they have available to them. Enter EquityBee, a marketplace for employees to connect with capital from a network of […]
Gamitee becomes Joyned as it secures $4M for social shopping platform
Joyned, formerly known as Gamitee, announced Wednesday that it raised $4 million in seed funding to continue developing its e-commerce platform that puts merchants in the driver’s seat of social engagement. CEO Jonathan Abraham explained that Gamitee means “joined” in Hebrew, but the Jerusalem-based SaaS company decided to spell it “joy” because it aims to […]
EU considers single rules for regulate vacation rental platforms
European Union lawmakers are consulting on how to regulate the short term rental market across the bloc — asking whether a single set of pan-EU rules or something more locally flavored is needed to rule over platforms like Airbnb. The Commission says it wants to support an expansion of competition and players in the sector […]
Cobalt launches from beta with a $2.8M seed to help creators launch products
As internet creators and influencers grow their followings, it’s not always intuitive what the best way to monetize might be. For some creators, they might find a path to monetization through subscriber-only content and branded posts, but for those with a great idea and an entrepreneurial streak, they might leverage their appeal to launch a […]
Cricket-Pakistan board CEO Khan resigns
September 29, 2021 (Reuters) – Chief Executive Wasim Khan has become the third high-profile official to resign from the Pakistan Cricket Board (PCB) following the appointment of former captain Ramiz Raja as the new chairman of the organisation. Confirming Khan’s resignation in a brief statement, the PCB said its board of governors will meet to […]
