October 8, 2021 By Joanna Plucinska and Sabine Siebold WARSAW (Reuters) -A Polish court ruling challenging the supremacy of EU law plunged the European Union into an existential crisis on Friday and raised the possibility of Poland leaving the 27-nation bloc. Politicians across Europe voiced dismay at the court’s move to undermine the legal pillar […]
U.S. airlines look for holiday boost after Delta variant interrupts recovery
October 8, 2021 By Rajesh Kumar Singh BOSTON (Reuters) – U.S. airlines are looking at the upcoming holiday season and the reopening of vital trans-Atlantic route to recover the momentum lost in the last quarter following a resurgence in COVID-19 cases. After a strong summer travel season, air-carriers had to temper their outlook last month […]
TSMC and Sony considering joint chip factory, Japan gov’t to help -Nikkei
October 8, 2021 TOKYO (Reuters) -Taiwan’s TSMC and Japan’s Sony Group Corp are considering jointly building a chip factory in Japan, with the government ready to pay for some of the investment of about 800 billion yen ($7.15 billion), the Nikkei reported on Friday. The plant in Kumamoto, southern Japan, is expected to produce semiconductors […]
Despite preparation, California pipeline operator may have taken hours to stop leak
October 8, 2021 By Jessica Resnick-Ault and Nichola Groom LOS ANGELES (Reuters) -The company that operates the pipeline that spilled an estimated 3,000 barrels of oil into the Pacific Ocean off California has an 800-page manual on handling an oil spill – but it is unclear whether its employees followed those procedures. Houston-based Amplify Energy […]
Hungary agrees to global tax deal, finance minister says
October 8, 2021 BUDAPEST (Reuters) – Hungary has agreed to join the agreement on a global corporate minimum tax as the conditions it proposed, which included a 10-year transitional period, have been met, Finance Minister Mihaly Varga told reporters on Friday. “We have managed to reach a breakthrough on the global minimum tax deal … […]
Tennis-Murray reunited with wedding ring, stinky shoes
October 8, 2021 (Reuters) – Andy Murray was “back in the good books” with his wife on Thursday after his wedding ring and stinky shoes were returned to him. Murray said on Twitter that his shoes reeked so badly in his car that he decided to leave them under the vehicle outside his hotel in […]
Corteva faces slow start as it takes aim at Bayer’s Brazil soy reign
October 8, 2021 By Ana Mano SAO PAULO (Reuters) – U.S. pesticide and seed maker Corteva Inc will take up to three times longer to break into Brazil’s genetically modified soy seed market than it did in the United States, where Corteva’s sales grew rapidly in recent years, the company said. Corteva is launching new […]
China’s ICBC to restrict some forex and commodities trading
October 8, 2021 SHANGHAI (Reuters) – Industrial and Commercial Bank of China (ICBC) said on Friday it will restrict certain types of retail businesses involving foreign-exchange and commodities trading. The move by China’s biggest bank comes alongside a range of actions by regulators to curtail financial risks that include dampening commodity price rises, banning cryptocurrency […]
Markets could face sharp correction, Bank of England warns
October 8, 2021 LONDON (Reuters) -The high value of financial assets could correct sharply if investors reassess the prospects for the economy’s recovery from COVID-19 and there are signs of increased risk-taking at investment banks, the Bank of England said on Friday. The BoE’s Financial Policy Committee (FPC) said in a statement after its October […]
Russia says it will protect Tajikistan in case of incursion from Afghanistan
October 8, 2021 MOSCOW (Reuters) – Russia is ready to protect its ally Tajikistan in the event of any incursions from neighbouring Afghanistan, a senior diplomat was quoted on Friday as saying, amid Russian media reports of a militant Tajik group preparing a cross-border attack. Tajiks are the second largest ethnic group in Afghanistan and […]
Soldiers, prisoners, displaced people vote early ahead of Iraq election
October 8, 2021 By John Davison and Ahmed Rasheed BAGHDAD (Reuters) – Soldiers, prisoners and displaced people voted in special early polls in Iraq on Friday as the country prepared for a Sunday general election where turnout will show how much faith voters have left in a still young democratic system. Many Iraqis say they […]
Take Five: Inflation, energy and earnings
October 8, 2021 Inflation angst and soaring energy prices form the backdrop to the start of third-quarter U.S. earnings season in the coming week. Annual meetings of the World Bank and International Monetary Fund (IMF) kick off too from Monday, but the event is overshadowed by a data-rigging scandal that threatens the career of IMF […]
Explainer-Bleak house: Why Europe faces steep winter energy bills
October 8, 2021 By Nina Chestney LONDON (Reuters) – Households across Europe face much higher winter energy bills due to a global surge in wholesale power and gas prices and consumer groups have warned the most vulnerable in the region could be hit by fuel poverty as a result. WHY THE HIGH PRICES? Energy companies […]
UN rights office congratulates all journalists on Nobel Peace prize
October 8, 2021 GENEVA (Reuters) – The U.N. human rights office congratulated Maria Ressa and Dmitry Muratov on receiving the Nobel Peace Prize on Friday, saying it was “recognition of the importance of the work of journalists in the most difficult circumstances”. “Throughout the years we’ve seen an increase in attacks in journalists during the […]
China’s Xi discusses bilateral ties with Japan’s new PM – state media
October 8, 2021 BEIJING (Reuters) – Chinese President Xi Jinping told Japan’s new prime minister, Fumio Kishida, in a call on Friday that the two nations should handle sensitive issues such as Taiwan “appropriately”, the Communist Party’s official People’s Daily reported. Japan’s new government signalled on Tuesday a more assertive stance on China’s posture towards […]
Czech billionaire PM Babis seeks second term in tight election race
October 8, 2021 By Jan Lopatka PRAGUE (Reuters) -Czechs begin voting on Friday in a tight parliamentary election in which Prime Minister Andrej Babis hopes to win a second term despite criticism that he mismanaged the pandemic, ran up heavy debts and mixed business interests with those of his country. The two-day election kicks off […]
Austria’s government teeters as Greens seek options to oust Kurz
October 8, 2021 VIENNA (Reuters) – Austria’s governing coalition was on the brink of collapse on Friday as its junior party said it was seeking alternatives to governing with Chancellor Sebastian Kurz now that he has been placed under investigation on suspicion of corruption. Kurz denies wrongdoing and says he is willing to keep governing […]
Kremlin welcomes fact that editor who criticises it won Nobel peace prize
October 8, 2021 MOSCOW (Reuters) – The Kremlin on Friday congratulated Dmitry Muratov, an editor and journalist, on winning the Nobel peace prize despite the fact that his Novaya Gazeta newspaper has often criticised the Russian authorities. Muratov was one of two journalists to be awarded the Nobel Peace Prize, which this year honoured the […]
Nobel Peace Prize winner Maria Ressa: “I’m in shock”
October 8, 2021 OSLO (Reuters) – Philippines journalist Maria Ressa, who won the Nobel Peace Prize on Friday with Russian journalist Dmitry Muratov, said she in live broadcast by Rappler, says she was stunned by the news. “I am in shock,” Ressa told a live broadcast by Rappler, the online news website she co-founded. (Reporting […]
EU executive pushes Greece to launch investigation into pushback reports
October 8, 2021 (Reuters) – The European Union’s executive on Friday urged Greece to launch an investigation into reports about illegal migrant pushbacks, while praising Croatia for pledging to start an inquiry. “I must say that the Croatian government takes this very seriously, they are going to immediately investigate”, the EU’s Home Affairs Commissioner Ylva […]
