September 27, 2021 By Koustav Samanta, Roslan Khasawneh and Florence Tan SINGAPORE (Reuters) -Global oil demand is expected to reach pre-pandemic levels by early next year as the economy recovers, although spare refining capacity could weigh on the outlook, producers and traders said at an industry conference on Monday. The outlook is in line with […]
Most Telecom Italia staff to work from home until end of year – document
September 27, 2021 MILAN (Reuters) – Telecom Italia (TIM) will keep some of its offices closed as nearly 60% of the employees at Italy’s biggest phone company plan to continue working from home until Dec. 31, a union document showed. Companies and governments around the world are figuring out how to manage the return of […]
Kuroda vows to keep BOJ’s focus on COVID-19 response amid weak inflation
September 27, 2021 By Leika Kihara TOKYO (Reuters) -The Bank of Japan will continue to focus on cushioning the economic blow from the coronavirus pandemic, given lingering uncertainty over the outlook and subdued inflation, Governor Haruhiko Kuroda said on Monday. Corporate funding remains severe for retailers hit by the health crisis, Kuroda said, signalling the […]
U.S. soy exports hit 6-month high as Gulf loadings rise after Ida; lag year ago pace
September 27, 2021 By Karl Plume (Reuters) – U.S. soybean exports jumped to a six-month peak last week while corn shipments were the highest in a month as Louisiana Gulf Coast terminals steadily ramped up operations disrupted by Hurricane Ida nearly a month ago, preliminary data showed on Monday. The export pace, however, was still […]
Thai finance minister still eyeing GDP growth of 1.3% this year
September 27, 2021 BANGKOK (Reuters) – Thailand’s economy is still expected to grow 1.3% this year and the government is maintaining a target of 4-5% growth next year as it makes a push to revive a struggling economy through support measures, the finance minister said on Monday. The Southeast Asian country’s worst coronavirus outbreak to […]
YC-backed Malloc wants to take the sting out of mobile spyware
Mobile spyware is one of the most invasive and targeted kinds of unregulated surveillance, since it can be used to track where you go, who you see and what you talk about. And because of its stealthy nature, mobile spyware can be nearly impossible to detect. But now one Y Combinator-backed startup is building an […]
Intel breaks ground on $20 billion Arizona plants as U.S. chip factory race heats up
September 27, 2021 By Stephen Nellis (Reuters) – Intel Corp on Friday broke ground on two new factories in Arizona as part of its turnaround plan to become a major manufacturer of chips for outside customers. The $20 billion plants – dubbed Fab 52 and Fab 62 – will bring the total number of Intel […]
India merger of Sony, Zee to create TV powerhouse challenging Disney
September 27, 2021 By Shilpa Jamkhandikar and Sankalp Phartiyal MUMBAI (Reuters) – A merger of India’s Zee and a domestic unit of Japan’s Sony Group Corp will create a television powerhouse to grab more advertising revenue, challenging top rival Walt Disney Co in a key growth market, industry officials said. The Sony-Zee alliance, with about […]
Huawei CFO leaves Canada after U.S. agreement on fraud charges, detained Canadians head home
September 27, 2021 By Karen Freifeld, Kenneth Li, Moira Warburton and David Ljunggren (Reuters) -Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with U.S. prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States. Within hours of […]
U.S. Republican senators slam release of Huawei’s Meng
September 27, 2021 WASHINGTON (Reuters) – U.S. Senator Marco Rubio said on Saturday the release of Huawei’s finance chief raised serious questions about President Joe Biden’s ability to confront the threat posed by the technology giant and the Chinese Communist Party. Rubio, in a text message to Reuters, called on the Biden Administration to brief […]
China welcomes Huawei executive home, Trudeau hugs Canadians freed by Beijing
September 27, 2021 By David Kirton and David Stanway SHENZHEN, China/TORONTO (Reuters) – Huawei Chief Financial Officer Meng Wanzhou arrived in China on Saturday, ending her near three-year U.S. extradition fight, the same day two Canadians detained by Beijing for more than 1,000 days returned home, potentially paving the way for improved ties between China […]
Tesla Shanghai to make 300,000 cars Jan-Sept despite chip shortage – sources
September 27, 2021 BEIJING (Reuters) – Tesla Inc’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said. The factory makes the electric Model 3 sedans and Model Y […]
Chinese tech execs support ‘common prosperity’, helping SMEs at internet summit
September 27, 2021 WUZHEN, China (Reuters) – Chinese technology executives, facing a crackdown (https://ift.tt/3hrLsrH) by the authorities, pledged support on Sunday for Beijing’s “common prosperity” drive and to help smaller companies. Alibaba Group CEO Daniel Zhang, a prime target (https://ift.tt/3m2Mc7N) of the broad crackdown, told a conference organised by China’s top internet regulator that his […]
China’s Geely to set up 5,000 battery swapping stations by 2025
September 27, 2021 BEIJING (Reuters) – China’s Geely aims to set up 5,000 battery swapping stations for electric vehicles (EV) globally by 2025, as sales grow in the world’s biggest vehicle market, the automaker said in a statement on Sunday. A battery swapping station allows drivers to change car batteries to power the rides. Chinese […]
Cryptocurrency exchange Huobi to clean up existing mainland clients by end-2021
September 27, 2021 BEIJING (Reuters) – Chinese cryptocurrency exchange Huobi Global said on Sunday it had stopped taking new mainland customers from Friday and would end contracts with mainland clients by the end of the year to comply with local regulations. China’s regulators intensified a crackdown https://ift.tt/3CHEBSR on Friday, banning cryptocurrency transactions and mining, clarifying […]
Credit Agricole offers to buy auto leasing company Olinn for 100 million euros – Les Echos
September 27, 2021 PARIS (Reuters) – French bank Credit Agricole has offered 100 million euros ($117 million) to acquire auto leasing and computer equipment company Olinn, business daily Les Echos reported on Sunday. Olinn has annual revenues of 175 milion euros and serves 5,300 clients in Europe helping them finance their computer equipment, mobile phones, […]
U.K.’s Wise to join the New Payments Platform in Australia
September 27, 2021 SYDNEY (Reuters) – Digital money transfer group Wise Plc will join an Australian payments network which should allow transfers to be settled in the country faster and at lower cost, Chief Executive Officer Kristo Kaarmann said on Friday. The company will become a direct participant and shareholder in Australia’s New Payments Platform […]
Google to slash amount it keeps from sales on its cloud marketplace- CNBC
September 27, 2021 (Reuters) -Alphabet Inc’s Google will take a smaller cut when customers buy software from other vendors on its cloud marketplace, CNBC reported on Sunday. The Google Cloud Platform is cutting its percentage revenue share to 3% from 20%, CNBC said, citing a person familiar with the matter. https://cnb.cx/2XZp7ep “Our goal is to […]
EU says U.S. trade, tech council to boost its clout, set rules for 21st century
September 27, 2021 By Foo Yun Chee BRUSSELS (Reuters) – The U.S.-EU Trade and Technology Council (TTC) will give Europe more clout and set standards and rules for the 21st century, the EU’s trade and digital chiefs said, underscoring global concerns about China’s growing power. The comments by Valdis Dombrovskis and Margrethe Vestager came ahead […]
Canada foreign minister says eyes wide open when it comes to normalizing China ties
September 27, 2021 TORONTO (Reuters) -Canada’s “eyes are wide open” when it comes to normalizing its relationship with China, Foreign Minister Marc Garneau said on Sunday, two days after the release of a Huawei executive following almost three years of house arrest in Vancouver. Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou, the daughter […]
