David Barret

September 21, 2021 By Hideyuki Sano TOKYO (Reuters) – Concern that China Evergrande may default https://ift.tt/3nS9CzB on its mountain of debt hit shares of toilet maker Toto and other Japanese firms that are seen vulnerable to a further slowdown in China’s property development. Toto lost 6.1 % on Tuesday, extending its fall since Thursday to […]

Year-old startup Capiter announced last week that it raised a $33 million Series A to digitize Egypt’s traditional offline retail market. It’s looking to take a large pie in the budding e-commerce and retail play, where multiple startups are pulling their weight including Cartona, also a year-old startup out of Egypt. Today, Cartona is announcing that […]

September 21, 2021 BRUSSELS (Reuters) – France’s European affairs minister Clement Beaune urged Britain on Tuesday to uphold its side of post-Brexit deals and restore trust. Beaune said Britain was not properly applying the fisheries part of the EU-UK trade deal or the protocol governing the trading position of Northern Ireland. “You cannot say that […]

September 21, 2021 By David Milliken and Andy Bruce LONDON (Reuters) -British public borrowing declined less sharply than expected in August and was its second-highest on record for the month, government figures showed on Tuesday, highlighting the hefty ongoing costs of the COVID-19 pandemic. Public sector net borrowing, excluding state-controlled banks, fell to 20.5 billion […]

September 21, 2021 (Reuters) – New Zealand’s central bank dampened expectations of a big interest rate hike when it meets next month, with comments on Tuesday that indicated it may take a more cautious approach. The Reserve Bank of New Zealand (RBNZ) Assistant Governor Christian Hawkesby said in a speech that amid uncertainty, when the […]

September 21, 2021 (Reuters) – European shares rose on Tuesday after their biggest fall in two months on easing worries about the spillover from the crisis at China’s Evergrande, although gains were capped by fears major central banks could announce a tapering in stimulus. The pan-European STOXX 600 was up 0.6% by 0704 GMT after […]

September 21, 2021 LONDON (Reuters) – British home improvement retailer Kingfisher reported a 61.6% jump in first-half profit on the back of a pandemic do-it-yourself boom and raised its sales expectations for the second half. The group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other […]

September 21, 2021 (Reuters) -AstraZeneca said on Tuesday it would invest $360 million to develop a manufacturing facility in Ireland to produce active pharmaceutical ingredients (APIs), or the main components of medicines. The Anglo-Swedish drugmaker, which completed its $39 billion purchase of rare disease drugs maker Alexion in July, has a large portfolio of treatments […]

September 21, 2021 By Florence Tan SINGAPORE (Reuters) – A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. “Going forward we will be touching by 2050 somewhere very close to 90% of electrification,” Mukesh Sahdev, […]

September 21, 2021 A look at the day ahead from Julien Ponthus This week was supposed to be all about the so-called ‘dot plot’ and what kind of rate-rise projections U.S. Federal Reserve policymakers might make. Came Monday morning though, default worries surrounding Chinese property firm Evergrande triggered a selling storm the likes of which […]

September 21, 2021 PARIS (Reuters) – French artificial heartmaker Carmat announced on Tuesday that it had carried out the first implant of its Aeson artificial heart in a woman. The company said the procedure had been performed at the UofL Health – Jewish Hospital by University of Louisville physicians in the United States. “This third […]

September 21, 2021 AMSTERDAM (Reuters) -Universal Music Group’s shares surged at the start of trading on Tuesday, as owner Vivendi spun off the record label in the biggest European listing of the year. The spin off hands 60% of Universal shares to Vivendi shareholders, while U.S. hedge fund billionaire William Ackman and China’s Tencent due […]

September 21, 2021 By Dhara Ranasinghe LONDON (Reuters) -Soaring gas prices that threaten to push up winter fuel bills, hurt consumption and exacerbate a near-term spike in inflation are another blow to a world economy just getting back on its feet after the coronavirus shock. The gas market chaos, which has driven prices 280% higher […]

September 21, 2021 By Farah Master HONG KONG (Reuters) – Senior Macau casino and junket executives met with authorities in the world’s biggest gambling hub on Monday seeking details on proposed regulatory changes but received little in the way of clarity. The 70-minute meeting, shown online, highlighted the uncertainty hanging over the industry since the […]

September 21, 2021 By Victoria Waldersee BERLIN (Reuters) – German activists have filed a lawsuit against automakers BMW and Daimler for refusing to tighten carbon emissions goals, the first time German citizens have sued private companies for exacerbating climate change. The lawsuit from the heads of Deutsche Umwelthilfe (DUH), a non-governmental organisation (NGO), is similar […]

September 21, 2021 LONDON (Reuters) – Planemaker Boeing said that European low-cost carriers would help drive demand for new aircraft in the region over the next 20 years, as airlines replace their ageing fleets with more fuel-efficient jets. Boeing said on Tuesday that it expects airlines in Europe to order 7,100 new single-aisle planes, usually […]

September 21, 2021 Salvador Perez set a major league record for homers in a season by a primary catcher as the visiting Kansas City Royals cruised over the Cleveland Indians 7-2 on Monday in the first game of a doubleheader. Perez’s towering, two-run blast in the fifth inning was his 46th homer of the season, […]

September 21, 2021 By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) -And so it begins: Taxes in the world’s wealthiest countries are rising. Inevitable perhaps given the unprecedented COVID-era debt surge and, according to some investors, even a good thing if it helps close the wealth gaps the pandemic has exacerbated. Tax rises grabbed headlines […]

September 21, 2021 ZURICH (Reuters) – Novartis has bought gene therapy specialist Arctos Medical to boost its efforts finding treatments for patients with severe vision loss, the Swiss company said on Tuesday. The acquisition, for an undisclosed amount, underscores Novartis’ commitment to using optogenetics-based therapies to restore vision to patients with advanced blindness, it said. […]

September 21, 2021 LONDON (Reuters) -British Prime Minister Boris Johnson discussed the issue of taxation when he met Amazon’s founder Jeff Bezos in New York, Downing Street said. “The prime minister raised the issue of taxation, and hoped progress could be [made] in implementing the G7 agreement on tax,” a Downing Street spokesperson said in […]