David Barret

September 21, 2021 By Lawrence White LONDON(Reuters) – World stocks stabilised on Tuesday and commodity prices recovered from the previous day’s heavy selling, as investors grew more confident that contagion from the distress of debt-saddled Chinese developer Evergrande would be limited. The STOXX index of Europe’s biggest shares .STOXX rose 1%, as did Wall Street […]

September 21, 2021 WASHINGTON(Reuters) – U.S. homebuilding increased more than expected in August, likely boosted by an easing in lumber prices, though land and labor shortages remain challenges. Housing starts advanced 3.9% to a seasonally adjusted annual rate of 1.615 million units last month, the Commerce Department said on Tuesday. Data for July was revised […]

September 21, 2021 (Fixes typographical error in headline) By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Tuesday, after sharp losses the previous session, amid tighter U.S. supplies, ending days of losses as global markets remain haunted by the potential impact on China’s economy of a crisis at heavily indebted property group China Evergrande. Brent crude […]

September 21, 2021 By Clare Jim, Anshuman Daga and Kane Wu HONG KONG/NEW YORK (Reuters) – Persistent default fears eclipsed efforts by China Evergrande Group’s chairman to lift confidence in the embattled firm on Tuesday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy. Analysts played down […]

Business Canvas, a South Korean document management SaaS company behind Typed, announced today it has raised a $2.5 million seed round led by Mirae Asset Venture Investment, with participation from Kakao Ventures and Nextrans Inc. The seed round will be used for accelerating product development and global launch of open beta for its AI-powered document […]

Battery Resourcers, a startup that’s developing a closed-loop approach to lithium-ion battery materials, has closed $70 million in mid-round funding to scale its commercial operations across two continents. The company, which is based in Worcester, Massachusetts, doesn’t just recycle batteries. It’s also engineered a process to turn that recycled material back into critical battery materials […]

Bilt Rewards, a loyalty program for property renters to earn points on rent with no fees and build a path toward homeownership, announced Tuesday a round of $60 million in growth funding that values the company at $350 million. The investment comes from Wells Fargo and Mastercard and a group of the nation’s largest real […]

Shelf Engine’s mission to eliminate food waste in grocery retailers now has some additional celebrity backers. The company brought in a $2 million extension to its $41 million Series B announced in March. Ellen DeGeneres, Portia de Rossi, Shaun White and Shawn Mendes are the new backers, who came in through a strategic round of […]

Back when Stairwell emerged from stealth in 2020, the startup was shrouded in secrecy. Now with $20 million in Series A funding, its founder and CEO Mike Wiacek — who previously served as chief security officer at Chronicle, Google’s moonshot cybersecurity company — is ready to talk. As well as raising $20M, an investment round […]

We’ve entered the throes of hardware season, with big events from all of the industry’s big names. Amazon has already announced a number of new Fire TVs, with plans for a big (likely Echo-focused) event a week from today. In the meantime, the retail giant just dropped a sizable surprise on our heads in the […]

Yesterday, the Gig Workers Collective — representing a body of about 13,000 Instacart shoppers — launched a #DeleteInstacart campaign, urging customers to delete the Instacart app as a show of solidarity with workers advocating for better treatment. The collective of shoppers asked that customers refrain from reinstalling the app until five demands are met. They […]

September 21, 2021 BANGKOK (Reuters) – Thailand’s cabinet approved on Tuesday a further 27 billion baht ($807.17 million) in COVID-19 relief measures and extended a scheme to boost local travel, officials said, to try to spur domestic activity in a struggling economy. A fierce outbreak since April and stricter containment measures have hit consumption while […]

September 21, 2021 LONDON (Reuters) – Ryanair on Tuesday warned that Boeing risked forgoing the main driver of growth in Europe, low-cost airlines, to rival Airbus unless it reversed a recent price increase. Europe’s largest low cost carrier earlier this month abruptly ended talks with the U.S. planemaker over a new order of the larger […]

September 21, 2021 By Anushka Trivedi (Reuters) -Bank of America cut its China growth forecast on Tuesday in response to intensifying troubles at property giant Evergrande, a fresh COVID outbreak and a widespread regulatory squeeze, going beyond warnings issued by other investment banks. While BofA trimmed its real gross domestic product (GDP) growth forecast for […]

September 21, 2021 By Hilary Russ NEW YORK (Reuters) – Chipotle Mexican Grill Inc said on Tuesday it is adding smoked brisket to its menu in the United States and Canada after testing it last year. The new menu item, which costs $10.25 on average as an entree in Chipotle restaurants, comes as beef prices […]

September 21, 2021 (Reuters) – AutoNation Inc said on Tuesday former Fiat Chrysler chief Mike Manley would head the automotive retailer as its chief executive officer, effective Nov 1. (Reporting by Shreyasee Raj; Editing by Shailesh Kuber) Source Link AutoNation names former Fiat Chrysler chief Manley as CEO David Barret

September 21, 2021 TOULOUSE, France (Reuters) – The head of budget airline easyJet has told the boss of Ryanair to focus on running his own airline after questions were raised over the British carrier’s independence. Ryanair group chief executive Michael O’Leary was quoted as telling the Financial Times last week that rivals easyJet and Wiz […]

September 21, 2021 By Michelle Nichols UNITED NATIONS (Reuters) -European Union foreign ministers expressed support and solidarity with France on Monday during a meeting in New York to discuss Australia’s scrapping of a $40 billion submarine order with Paris in favor of a U.S. and British deal. Speaking after the closed-door meeting on the sidelines […]

September 21, 2021 By Kirsty Needham SYDNEY (Reuters) – France shouldn’t have been surprised that Australia cancelled a submarine contract, as major concerns about delays, cost overruns and suitability had been aired officially and publicly for years, Australian politicians said. Paris has recalled its ambassadors from Canberra and Washington, saying it was blindsided by Canberra’s […]

September 21, 2021 BERLIN (Reuters) – Armin Laschet has been betting that his credentials as a tried-and-tested manager will make up for what critics call a lack of charisma in the contest to become Germany’s chancellor. Yet days before a national election in which Laschet is the conservatives’ candidate, his Social Democrat rival, Olaf Scholz, […]