September 20, 2021 (Reuters) – European shares sank 1% to a near two-month low on Monday, tracking Asian equities lower, as investors feared major central banks would start giving cues about tapering their pandemic-era stimulus programmes at various meetings this week. The pan-European STOXX 600 index was down 1.4% by 0706 GMT, with energy and […]
Swedish budget gives boost for welfare, climate, jobs
September 20, 2021 STOCKHOLM (Reuters) – Sweden’s centre-left government said on Monday it would boost welfare spending by 23 billion Swedish crowns ($2.6 billion) next year in a budget aimed at reducing social inequality and shifting to a more sustainable economy after the pandemic. Sweden has bounced back from the COVID-19 pandemic quicker than most […]
N.Korea warns U.S. risks ‘dangerous nuclear arms race’ over Australia subs
September 20, 2021 By Hyonhee Shin SEOUL (Reuters) – North Korea warned on Monday that the United States risked a dangerous nuclear arms race by providing submarine technology to Australia, criticising its “double standards” and vowing counter-measures. Last week, the United States clinched a new trilateral security partnership involving Britain to provide technological aid to […]
Philippines to launch pilot plan to resume face-to-face learning
September 20, 2021 MANILA (Reuters) – Philippine President Rodrigo Duterte has approved the resumption of face-to-face classes in areas deemed low risk for COVID-19, with up to 120 schools to join a two-month pilot reopening run, his education minister said on Monday. The Philippines is among 17 countries globally where schools have been closed for […]
Golf-American DeChambeau wants to end dispute with Koepka, says coach
September 20, 2021 (Reuters) – American Bryson DeChambeau wants to end to his long-running feud with four-time major winner and U.S. team mate Brooks Koepka, his coach Mike Schy said. DeChambeau has been involved in public rows with Koepka for more than a year, with U.S. Ryder Cup captain Steve Stricker having to step in […]
Marketmind: Watch those spiralling gas prices
September 20, 2021 A look at the day ahead from Sujata Rao. A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from a developed nation — Norway. Not to say others will follow any time soon; the Federal Reserve for instance may strees its own […]
New Zealand eases COVID-19 curbs slightly in biggest city
September 20, 2021 WELLINGTON (Reuters) -New Zealand eased coronavirus curbs slightly on Monday in its largest city of Auckland, as the government expressed confidence that there was no widespread regional transmission of the Delta variant. But tough restrictions will continue even after midnight on Tuesday, when the alert level drops to 3 from 4 in […]
Exclusive: Investors call for governments to toughen climate accounting – letter
September 20, 2021 By Simon Jessop LONDON (Reuters) – Investors managing more than $2.5 trillion have called on governments to compel companies and auditors to file financial accounts aligned with the world’s net zero emissions target, a letter seen by Reuters showed. Writing to UK climate czar Alok Sharma ahead of the next round of […]
France cancels defence meeting with UK over submarine row, sources say
September 20, 2021 PARIS (Reuters) – France has cancelled a meeting between Armed Forces Minister Florence Parly and her British counterpart planned for this week after Australia scrapped a submarine order with Paris in favour of a deal with Washington and London, two sources familiar with the matter said. Parly personally took the decision to […]
Analysis: Why the Fed might welcome a bond market tantrum
September 20, 2021 By Stefano Rebaudo (Reuters) – A bond market tantrum that drives up yields can be a fearsome prospect for central banks but the U.S. Federal Reserve might just welcome a sell-off that lifts Treasury yields towards levels that better reflect the robust state of the economy. Persistently low yields are a feature […]
Dinner party-style Emmys display little overt sign of pandemic constraints
September 20, 2021 By Steve Gorman LOS ANGELES (Reuters) – While departing yet again from the look of Primetime Emmys of yore, Sunday’s presentation of television’s highest honors gave little overt appearance of being constrained by a second year of the COVID-19 pandemic. So much so, that the night’s first presenter, comic actor-writer Seth Rogen, […]
Erdogan’s waning patience: Four questions for Turkey’s central bank
September 20, 2021 By Jonathan Spicer and Nevzat Devranoglu ISTANBUL (Reuters) – Turkey’s central bank has begun setting the stage for an interest rate cut long sought by President Tayyip Erdogan, although most analysts don’t think it will pull the trigger this week after inflation jumped and the lira took a slide. The bank has […]
Column: Iron ore makes unruly retreat to more normal price levels: Russell
September 20, 2021 By Clyde Russell LAUNCESTON, Australia (Reuters) – Just as iron ore’s surge to a record high in May was an overblown rally, its plunge last week was a disorderly retreat, with neither move fully justified by the fundamentals of supply and demand. The price of spot iron ore for delivery to north […]
Canada’s Trudeau may cling to power in election but looks unlikely to secure majority
September 20, 2021 By Steve Scherer and David Ljunggren MONTREAL (Reuters) – Canadian Prime Minister Justin Trudeau may cling to power in Monday’s election but looks set to lose his bid for a parliamentary majority after a tough campaign that dashed his hopes for a convincing win. Trudeau has a minority administration, forcing him to […]
Xata is a database service for serverless apps
Meet Xata, a startup with a new take on managed databases. The company runs your database for you and turns it into an API so that you can query and update it from your serverless app. Xata has raised a $5 million funding round. Its product is not yet ready for prime time but the […]
Soccer-Chelsea’s Tuchel says Pulisic doubtful for Villa clash
September 20, 2021 (Reuters) – Chelsea’s American forward Christian Pulisic is still recovering from an ankle injury sustained on international duty this month and Wednesday’s League Cup game against Aston Villa will likely come too soon for him, manager Thomas Tuchel said. The 23-year-old picked up the problem in the United States’ 4-1 win over […]
China Evergrande’s lenders weigh up loan losses, rolling over credit – sources
September 20, 2021 BEIJING/HONG KONG (Reuters) -One of China Evergrande Group’s main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters. The Chinese banks’ measures, reported for the first time, […]
American Airlines, Microsoft join Gates-backed program to boost clean energy
September 20, 2021 (Reuters) – Several U.S. companies, including American Airlines Group Inc, General Motors and Microsoft Corp, on Monday build on their commitment to clean energy by joining billionaire and Microsoft co-founder Bill Gates’ Breakthrough Energy program. The initiative aims to boost development of technologies to achieve the target of net-zero carbon emissions by […]
India’s Cars24, a used-vehicle marketplace, raises $450M at a $1.84B valuation
The used car market is getting another major infusion of venture capital today, with one of the faster scaling startups out of India picking up a major round of financing to double down on growth: Cars24 — a site and app that sells users cars and used two-wheeled motorbikes — has raised $450 million, a […]
Pakistan edtech startup Maqsad gets $2.1M pre-seed to make education more accessible
Taha Ahmed and Rooshan Aziz left their jobs in strategy consulting and investment banking in London earlier this year in order to found a mobile-only education platform startup, Maqsad, in Pakistan, with a goal “to make education more accessible to 100 million Pakistani students.” Having grown up in Karachi, childhood friends Ahmed and Aziz are […]
