September 28, 2021 GENEVA (Reuters) – The World Health Organization’s regional director for Africa said on Tuesday that the health agency was “humbled, horrified and heartbroken” by the findings of an independent commission on sex abuse claims in the Democratic Republic of Congo. “We in the WHO are indeed humbled, horrified and heartbroken by the […]
Exclusive-Fed’s Bullard: More aggressive Fed stance best to ensure longer expansion
September 28, 2021 By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve should let its roughly $8 trillion balance sheet shrink next year as soon as it winds down a bond purchase program, St. Louis Federal Reserve president James Bullard said, cautioning high inflation may require more aggressive steps by the central bank including two […]
Yellen says Delta slowing recovery, urges Congress to raise U.S. debt limit-testimony
September 28, 2021 WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen told senators on Tuesday that the United States should return to full employment next year despite headwinds from the coronavirus Delta variant and again urged Congress to quickly lift the federal debt limit. In prepared remarks to a Senate Banking Committee hearing, Yellen said […]
U.S. goods trade deficit increases in August
September 28, 2021 WASHINGTON (Reuters) – The U.S. trade deficit in goods increased in August amid a rise in imports as businesses replenished depleted inventories, suggesting trade could again be a drag on economic growth in the third quarter. The goods trade deficit rose 0.9% to $87.6 billion last month, the Commerce Department said on […]
U.S. Democratic lawmakers urge Biden not to reduce biofuel mandates
September 28, 2021 By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – A group of U.S. Democratic lawmakers called on President Joe Biden to halt a plan to slash the amount of biofuels that oil refiners must blend into their fuel, according to a letter dated Monday. The move, which the lawmakers argue threatens […]
GM’s commercial EV unit to expand vehicle lineup, add Verizon as customer
September 28, 2021 By Ben Klayman DETROIT (Reuters) – General Motors Co said on Tuesday its BrightDrop electric commercial vehicle business will add a second delivery van to its lineup in 2023 and has agreed to supply that vehicle to Verizon Communications Inc. GM said the medium-sized EV410, aimed at a segment that includes grocery, […]
Unpaid by Evergrande, supplier sells Porsche and home to rescue his business
September 28, 2021 By David Kirton GUANGZHOU, China (Reuters) – Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. In the meantime, the 50-year-old known […]
‘No Time to Die’ breathes fresh life into UK cinema chains
September 28, 2021 By Muvija M (Reuters) – Advance ticket sales for the latest James Bond movie at UK-based cinema chains Odeon and Cineworld were at levels last seen in 2019, setting it up to be the biggest opening since the pandemic gripped the industry. Odeon said on Monday it has sold more than 175,000 […]
RPA industry consolidation continues with sale of Blue Prism to Vista for £1.095B
The RPA market has been red hot over the last year, and today one of the market’s pioneers, Blue Prism was sold to Vista Equity Partners for £1.095 billion ($1.3701 billion USD), according to an official filing in Great Britain this morning. While we have seen a lot of RPA startups being acquired by larger […]
American Airlines signs code-sharing pact with India’s largest airline
September 28, 2021 (Reuters) – American Airlines announced a code-sharing agreement with India’s largest airline IndiGo on Tuesday, with the U.S. airline gearing up to launch new flights between the two countries. The agreement, which is expected to begin in October, will see American’s “code” on 29 of IndiGo’s domestic routes in India. Code-sharing allows […]
Factbox-Hiring for holiday season in tightening U.S. labor market
September 28, 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, […]
TAV Airports-led consortium raises $450 million in loans for Almaty airport
September 28, 2021 ALMATY (Reuters) -A consortium led by Turkey’s TAV Airports has raised $450 million in loans to finance upgrades at the airport of Almaty, Kazakhstan’s biggest city, the European Bank for Reconstruction and Development (EBRD) said. The EBRD and the International Finance Corporation, an arm of the World Bank, have each contributed $150 […]
China’s Xi calls for nurturing of patriotic scientists
September 28, 2021 By Yew Lun Tian BEIJING (Reuters) – President Xi Jinping wants to increase the talent pool of scientists and intellectuals in China who have the “correct political inclination” and are imbued with patriotic feelings to serve their nation, state news agency Xinhua said on Tuesday. China, the world’s second biggest economy, aims […]
Analysis-End of furlough brings uncertainty for UK jobs and economy
September 28, 2021 By David Milliken LONDON (Reuters) – More than a million British workers face an uncertain future this week as the UK becomes the world’s first big economy to wind up its COVID-19 jobs support scheme. The programme, which at its peak paid a third of employees to stay at home, cost more […]
Cocaine, ecstasy found in river at Glastonbury Festival
September 28, 2021 LONDON (Reuters) -A river that runs through the Glastonbury Festival, the largest greenfield music festival in the world, is contaminated with illicit drugs such as cocaine and ecstasy because stoned revellers often urinate on the ground, scientists said. Researchers from Bangor University found that concentrations of MDMA, known as ecstasy, quadrupled downstream […]
Battery Ventures leads Arize AI’s $19M round for ML observability
Arize AI is applying machine learning to some of technology’s toughest problems. To continue with its mission, the company announced $19 million in Series A funding. Battery Ventures led the round with participation from existing investors Foundation Capital, Trinity Ventures, The House Fund and Swift Ventures. The new round comes over a year after the […]
Nomad Homes raises $20M to create a personalized house hunting platform for Europe, Middle East
Not every country has a Multiple Listing Service to aid in buying and selling a home. This often makes the process complicated as buyers weed through fake and duplicate listings and little pricing data, unlike in the United States. Property technology startup Nomad Homes is working to change that by creating a personalized real estate […]
Cloudflare to enter infrastructure services market with new R2 storage product
Cloudflare, which has a network of data centers in 250 locations around the world, announced its first dalliance with infrastructure services today, an upcoming cloud storage offering called R2. Company co-founder and CEO Matthew Prince, says that the idea for moving into storage as a service came from the same place as other ideas the […]
Recruiting platform Gem gains unicorn status with $100M raise to change the way companies hire
Steve Bartel saw for himself how important hiring is. He was among the first hires at Dropbox and acted as hiring manager to grow the company to over 1,000 in less than five years. He met co-founder Nick Bushak at MIT. Bushak was later at Facebook leading product engineering teams and also had a similar […]
Russia launches new case against jailed Kremlin critic Navalny
September 28, 2021 MOSCOW (Reuters) – Russia’s Investigative Committee has launched a new criminal case against jailed Kremlin critic Alexei Navalny and his allies, the committee said in a statement on Tuesday. The committee said it was investigating Navalny on suspicion of setting up an “extremist group” together with his associates. A Russian court has […]
