September 20, 2021 (Reuters) – Freshworks Inc said on Monday it was aiming for a valuation of nearly $9.6 billion after the business and customer engagement software company raised its target price range for an initial public offering in the United States. (Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli) Source Link Freshworks […]
Volkswagen files offer for Europcar with French market regulator
September 20, 2021 BERLIN (Reuters) – A consortium led by Volkswagen on Monday handed in a proposal for a takeover of Europcar Mobility Group to France’s market regulator AMF, Volkswagen said on Monday, following through on an announcement in July that an offer was underway. Volkswagen, which has teamed up with asset manager Attestor Limited […]
Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger
September 20, 2021 (Reuters) -Hong Kong’s Cathay Pacific Airways Ltd said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger. The airline said it continued to target cash burn of […]
Universal Studios Beijing draws eager throngs amid uneasy U.S.-China ties
September 20, 2021 By Martin Quin Pollard BEIJING (Reuters) -Universal Studios’ Beijing resort opened its doors to the public on Monday after a two-decade wait, including delays because of the COVID-19 pandemic. The highly anticipated opening takes place amid U.S.-China relations that have deteriorated in recent years. The park will be U.S.-based Universal’s largest and […]
Evergrande jitters pull risk FX lower, dollar gains on safety bid
September 20, 2021 (Corrects yuan rate and milestones) By Ritvik Carvalho LONDON (Reuters) -The Chinese yuan skidded to its lowest in nearly three weeks on Monday, dragging down other risk and commodity currencies as worries about property developer Evergrande’s solvency spooked financial markets, while the safe-haven dollar rose. Only on Thursday last week, the yuan […]
Thousands flee as volcano erupts on Spain’s La Palma island, homes destroyed
September 20, 2021 By Borja Suarez LA PALMA, Spain (Reuters) -The Canary Islands’ first volcanic eruption in 50 years has forced the evacuation of about 5,000 people, including around 500 tourists, and destroyed about 100 houses, officials said on Monday. The volcano erupted on Sunday, shooting lava hundreds of metres into the air, engulfing houses […]
Vatican says to require COVID-19 health pass for residents, visitors
September 20, 2021 VATICAN CITY (Reuters) – A health certificate showing proof of immunity from COVID-19 immunity will be required to enter the Vatican as of Oct. 1, the city state said on Monday. Residents, workers and visitors will have to carry the co-called “Green Pass” that is already widely used in surrounding Italy, the […]
Tianzhou-3 cargo spacecraft docks with China space station module
September 20, 2021 BEIJING (Reuters) – A Chinese robotic resupply cargo spacecraft successfully docked with an orbiting space station module on Monday in the fourth of 11 missions needed to finish building China’s first permanent space station by the end of next year. A Long March-7 rocket carrying the Tianzhou-3, or “Heavenly Vessel” in Chinese, […]
Inspiration4’s successful splashdown is just the beginning of private spaceflight for SpaceX
Just like that, they came back. The Inspiration4 crew made a triumphant splashdown on Saturday evening off the east coast of Florida, marking the close of the first completely private, all-civilian space mission. SpaceX’s Go Searcher recovery ship hauled the Crew Dragon capsule, dubbed Resilience, a little less than an hour after splashdown. The crew […]
Equity Monday: A global selloff to kick off Disrupt week
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]
U.S. homebuilder confidence edges up in September, survey shows
September 20, 2021 (Reuters) – Confidence among U.S. single-family homebuilders edged up in September, reversing a three-month decline as elevated costs for some building materials including softwood lumber eased, a survey showed on Monday. The National Association of Home Builders/Wells Fargo Housing Market Index rose one point to 76 last month. A reading above 50 […]
Exclusive: Didi co-founder Liu told associates she plans to leave- sources
September 20, 2021 HONG KONG/SHANGHAI (Reuters) – Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down, two sources familiar with the matter said, as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year. Liu, 43, has in recent […]
Leasing firms now buy more planes than ailing airlines – industry pioneer
September 20, 2021 By Conor Humphries LONDON (Reuters) – Aircraft leasing companies now buy more of the world’s planes than airlines after their share hit record levels during a pandemic that clobbered carriers, according to industry pioneer Steven Udvar-Hazy. The shift is down to leasing giants being able to access cheaper financing than carriers, he […]
Cryptocurrencies slide as market selloff deepens
September 20, 2021 LONDON (Reuters) – Prices of cryptocurrencies plunged on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande’s troubles rippled over to wider markets. Bitcoin, the world’s biggest and best-known cryptocurrency, tumbled more than 8% to $42,453, its lowest level since Aug. 7 before trimming some […]
The Station: Gogoro scoots into a SPAC, a Rivian milestone and Tesla prepares to unleash FSD beta software
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. The […]
Ruling Liberals in tight race with Conservatives as Canadians vote
September 20, 2021 OTTAWA (Reuters) – Canada’s ruling Liberals and the main opposition Conservatives were locked in a tight race according to the final polls as Canadians voted in Monday’s election, which will determine who forms the government to guide the country out of the COVID-19 pandemic. Surveys of public opinion show Prime Minister Justin […]
Struggling Laschet attacks rival on economy as German vote looms
September 20, 2021 By Paul Carrel BERLIN (Reuters) – Germany’s conservative candidate for chancellor scrambled to boost his flagging campaign on Monday, warning voters that a left-wing coalition led by his Social Democrat rival would bring on a “severe economic crisis” after Sunday’s national election. Armin Laschet ratcheted up his rhetoric after Olaf Scholz of […]
Putin thanks Russians for their ‘trust’ after United Russia election win
September 20, 2021 MOSCOW (Reuters) – Russian President Vladimir Putin on Monday thanked Russians for their trust after the ruling United Russia party that supports him won an emphatic parliamentary majority in an election that opponents said was marred by large-scale fraud. “Special words of thanks, of course, I want to address to the citizens […]
U.S. set to require vaccines for most non-U.S. citizen travelers, sources say
September 20, 2021 WASHINGTON (Reuters) -The United States plans to mandate COVID-19 vaccines for nearly all non-U.S. citizen international air passengers traveling to the United States as it relaxes other travel restrictions starting in early November, sources familiar with the matter said on Monday. The White House plans in November to allow travelers from countries […]
EU joins outcry over execution of nine men by Yemen’s Houthis
September 20, 2021 ADEN (Reuters) – The European Union joined a chorus of international criticism on Monday over the execution of nine men by the Iran-aligned Houthi movement in Yemen following their conviction for involvement in the killing of the group’s top civilian leader. Saleh al-Samad, who held the post of president in the Houthi-controlled […]
