October 8, 2021 By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida’s ruling Liberal Democratic Party (LDP) made no mention of reviewing financial income tax in its campaign platform for the Oct.31 general elections, a draft obtained by Reuters showed. Kishida, who has vowed to rectify wealth disparities, had previously […]
Soccer-Ashley says he rejected bigger Newcastle bid before Saudi-led takeover
October 8, 2021 (Reuters) – Outgoing Newcastle United owner Mike Ashley said he had rejected a higher bid than the one that led to the Premier League club being taken over by a Saudi Arabia-led group on Thursday, but believed he had acted in the best interests of the club. Newcastle were bought by a […]
China’s soft Golden Week data bode ill for retail sales
October 8, 2021 BEIJING (Reuters) – Tourism revenues in China during the Golden Week holiday that ended on Thursday fell by almost 5% year-on-year, state media reported, while lingering coronavirus curbs also saw a decline in the total number of trips undertaken. The sluggish data weighed on the outlook for China’s overall retail sales, which […]
German exports slip for first time in 15 months – stats office
October 8, 2021 BERLIN (Reuters) – The volume of German exports fell in August for the first time in 15 months, slipping unexpectedly as the supply chain issues plaguing the global economy continued to bite in Europe’s largest economy. Seasonally adjusted exports from Germany’s largest economy slipped month-on-month to 113 billion euros ($130 billion), a […]
European stocks dip on tech losses, U.S. jobs caution
October 8, 2021 (Reuters) – European stocks slipped on Friday as declines in the technology sector more than offset gains in oil and auto shares, while investors remained cautious ahead of U.S. payrolls data. The pan-European STOXX 600 index slipped 0.2%, with tech stocks down 0.9%, while oil & gas stocks jumped 1.1% as crude […]
Britain’s Asda to expand rapid delivery service
October 8, 2021 LONDON (Reuters) -British supermarket group Asda will extend a rapid online service for delivery within one hour to 96 stores after a trial exceeded expectations, it said on Friday. Asda, which trails market leader Tesco and Sainsbury’s in annual sales, had launched the “Express Delivery” service with a four-store trial in June. […]
Marketmind: Kick that can
October 8, 2021 A look at the day ahead from Sujata Rao All’s well. At least until December 3 when the U.S. Treasury will again bump up against the newly raised debt ceiling, allowing Congress to put markets through the ‘will-they, won’t they’ agony yet again. And European gas prices are now around a third […]
China says protecting nature a ‘priority’ ahead of U.N. biodiversity talks
October 8, 2021 SHANGHAI (Reuters) – China will make the protection of nature a priority and crack down on damage to habitats, the government said in a policy paper days before it hosts talks aimed at drawing up a new global biodiversity treaty. China has acknowledged that decades of industrial development and rapid urbanisation have […]
South Korea to raise emissions reduction goal to 40% by 2030
October 8, 2021 By Josh Smith SEOUL (Reuters) – South Korea’s government on Friday said it would raise its greenhouse gas reduction goal from 26.3 percent to 40 percent by 2030, as part of efforts to achieve carbon neutrality by 2050. The revised nationally determined contribution (NDC) was proposed by the ruling party in June […]
Poland’s PM welcomes Polish court ruling challenging primacy of EU law
October 8, 2021 WARSAW (Reuters) – Poland’s Prime Minister Mateusz Morawiecki welcomed a Polish court ruling that said some parts of European Union treaties are incompatible with the Polish constitution in a Facebook post on Friday. The ruling, announced Thursday, challenges a pillar of European integration and sharply escalates a dispute between Brussels and Warsaw, […]
Graneet thinks construction companies should switch from Excel to their tool
Meet Graneet, a French startup that just raised a $2.8 million seed round (€2.4 million) led by Point Nine and Fondamental. Graneet is a vertical software-as-a-service startup focused on the construction industry and the myriad of small and medium companies in this industry specifically. It wants to build the definitive financial management solution so that […]
Norway’s economy grew faster than expected in August
October 8, 2021 OSLO (Reuters) – The Norwegian mainland economy grew at a faster-than-expected pace in August, accelerating from the previous month, Statistics Norway (SSB) data showed on Friday. August mainland GDP, a measure which excludes oil and gas production, rose 1.1% from July, SSB said, up from a revised 0.6% in July, while a […]
Valuations of Asian stocks slip to a 16-month low
October 8, 2021 By Gaurav Dogra (Reuters) – Valuations of Asian equities hit a 16-month low at the end of September, as concerns over an economic slowdown in China and growing expectations of monetary policy tightening by major central banks dragged down equity markets. The MSCI Asia-Pacific index fell 2.3% last month and its forward […]
And the 2021 Nobel Prizes go to men… so far
October 8, 2021 (This Oct.7 story corrects day of peace prize announcement to Friday in paragraph 6) By Johan Ahlander, Gwladys Fouche and Julie Steenhuysen GOTHENBURG, Sweden (Reuters) – All eight winners of the 2021 Nobel Prizes in medicine https://ift.tt/3FciNkq, chemistry https://ift.tt/3AmyORp, physics https://ift.tt/3ozF8T5 and literature https://ift.tt/3mBB6qI have been men, re-igniting a recurring debate about […]
Hungary PM Orban flags further wage hikes ahead of 2022 election
October 8, 2021 BUDAPEST (Reuters) – Hungary will raise nurses’ salaries by 21% from January and plans to lift the monthly minimum wage to 200,000 forints ($644), Prime Minister Viktor Orban told state radio on Friday. Orban, who faces elections next year, said talks on the minimum wage hike were still underway. The government will […]
Soccer-Pepi double gives US win over Jamaica
October 8, 2021 (Reuters) -A second-half double from Ricardo Pepi gave the United States a 2-0 home win over Jamaica on Thursday to remain unbeaten in CONCACAF qualifying for the 2022 World Cup. After opening the group with two draws the United States have now won two in a row, with 18-year-old Pepi becoming the […]
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 […]
Japan wholesale inflation likely hit 13-year high in Sept on rising commodity costs: Reuters poll
October 8, 2021 TOKYO (Reuters) – Japan’s wholesale prices likely hit a 13-year high in September, buoyed by lofty commodity prices, while firms’ machinery orders are expected to have risen for the second straight month in August, a Reuters poll showed on Friday. The corporate goods price index (CGPI), which tracks the prices companies charge […]
U.S. job growth seen picking up after Delta setback
October 8, 2021 By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth likely accelerated in September as the summer wave of COVID-19 infections began to subside, fueling demand for high-contact services like dining out, and positioning the Federal Reserve to start scaling back its monthly bond buying. The Labor Department’s closely watched employment report on […]
Analysis-China protest sets stage for U.N. plane emissions debate
October 8, 2021 By Allison Lampert MONTREAL (Reuters) – Commercial aviation’s key players are backing a target of net zero emissions by 2050, but high costs and opposition from China remain obstacles toward reaching a global climate goal at a United Nations aviation meeting next fall. Major plane and engine makers joined airlines gathering in […]
