September 17, 2021 By Aditi Shah NEW DELHI (Reuters) – When Ford Motor Co built its first factory in India in the mid-1990s, U.S. carmakers believed they were buying into a boom – the next China. The economy had been liberalised in 1991, the government was welcoming investors, and the middle class was expected to […]
Tesla to work with global regulators on data security -Musk
September 17, 2021 SHANGHAI (Reuters) -Electric vehicle maker Tesla Inc will work with global regulators to ensure data security, Chief Executive Elon Musk told an industry event in China on Friday. Tesla, which assembles vehicles for the Chinese market in Shanghai, has been under scrutiny in China this year over its storage and handling of […]
Journey Clinical raises $3M to allow psychotherapists to prescribe psychedelics
Psychedelics companies are all the rage right now. Compass Pathways is working with the magic mushroom compound psilocybin to treat depression. It’s has raised $290 million in total. Atai Life Sciences — backed by PayPal co-founder Peter Thiel — brought in $258 million from its IPO. In the tech space, this has not gone unnoticed […]
Tennis – Reviewing U.S. Open final win felt like watching someone else – Raducanu
September 17, 2021 LONDON (Reuters) – U.S. Open champion Emma Raducanu on Friday said that re-watching her stunning victory in this month’s final felt like watching someone else, adding that her achievement had started to sink in but it was still difficult to fully comprehend. The 18-year-old Briton took the tennis world by storm when […]
ECB’s Makhlouf says fears of excessive inflation overstated – for now
September 17, 2021 DUBLIN (Reuters) – Fears of excessive euro zone inflation are overstated “at the moment” but policymakers must recognise there is considerable uncertainty about the persistence of price pressures, European Central Bank governing council member Gabriel Makhlouf said. “I believe that, at the moment, fears of excessive euro area inflation are overstated and […]
New Lebanon cabinet lifts petrol price, signs audit deal
September 17, 2021 By Maha El Dahan BEIRUT (Reuters) -Lebanon’s new government raised gasoline prices on Friday, cutting a subsidy that Prime Minister Najib Mikati has said is unaffordable as he advances plans to address a devastating financial collapse. The government also signed a new contract with restructuring consultancy Alvarez & Marsal (A&M) to carry […]
Futures dip on tech weakness, Treasury yields steady
September 17, 2021 By Ambar Warrick (Reuters) – U.S. stock index futures fell on Friday, as steady Treasury yields after strong economic data this week pointed toward more movement out of heavyweight technology stocks. FAANG stocks, including Apple Inc and Alphabet Inc, some of the largest tech names on Wall Street, fell slightly in premarket […]
At unfinished Evergrande apartments in central China, buyers seek answers
September 17, 2021 By Yew Lun Tian LUOYANG, China (Reuters) – A steady stream of anxious apartment buyers flowed into the sales office of the Evergrande Oasis complex outside the city of Luoyang this week, seeking answers after construction was halted by the giant developer’s severe cash crunch. Work on the five-tower condominium and 16 […]
Manchester United slips to wider loss on pandemic impact
September 17, 2021 (Reuters) – Manchester United Plc reported a wider full-year loss after a season marred by pandemic-induced lockdowns and empty stadiums hit matchday sales and commercial revenue. The English soccer club said its net loss for the year ended June 30 was 92.2 million pounds ($127.2 million), compared with a loss of 23.2 […]
Canadian National to resume previously approved share buyback
September 17, 2021 (Reuters) – Canadian National Railway Co said on Friday it would resume share repurchases under the plan approved by its board in January. The largest Canadian railroad expects to complete the remaining C$1.1 billion ($869.02 million) of share repurchases by the end of January next year. ($1 = 1.2658 Canadian dollars) (Reporting […]
China’s Xi urges Afghanistan to stamp out terrorism, vows more aid
September 17, 2021 BEIJING (Reuters) -China’s President Xi Jinping urged “relevant parties” in Afghanistan to eradicate terrorism and promised to provide more help to the war-torn nation, state news agency Xinhua said on Friday. China shares a land border with Afghanistan, where the Taliban named a new government this month. The Islamist militant group retook […]
EU fails to confirm if women, young adults at higher clot risk from AstraZeneca shot
September 17, 2021 (Reuters) – Europe’s drugs regulator said on Friday it could not confirm if women and young adults were at a higher risk of rare blood clots with low platelets following vaccination with AstraZeneca’s COVID-19 vaccine after it studied available data. Limitations in the way the data was collected meant that the European […]
Dutch PM not proposing new EU-UK security deal, EU says
September 17, 2021 BRUSSELS (Reuters) -Media reports of a possible security agreement between the European Union and Britain to be offered by Dutch Prime Minister Mark Rutte are untrue, the European Commission said on Friday. The Times of London said in an article published on Friday that Rutte, during a meeting with his British counterpart […]
Golf – Stomach bug-stricken Rahm soldiers on with eye on Ryder Cup
September 17, 2021 (Reuters) – World number one Jon Rahm has not had a solid meal since Tuesday due to a stomach bug but the golfer said he is on the mend ahead of next week’s Ryder Cup at Whistling Straits where Team Europe is looking to retain the trophy. Rahm withdrew from a PGA […]
Dollar holds near three-week high after U.S. data boost
September 17, 2021 By Tommy Wilkes LONDON (Reuters) – The dollar held near three-week highs on Friday after better-than-expected retail sales numbers in the United States boosted bets on the strength of the U.S. economy and earlier monetary policy tightening. The euro pulled itself into positive territory by the European mid-morning but at $1.1783 remained […]
Access to single market key to Hungary’s EU membership – Orban
September 17, 2021 By Gergely Szakacs BUDAPEST (Reuters) -Hungary must remain a member of the European Union to ensure continued access to the bloc’s single market, Prime Minister Viktor Orban said on Friday. Hungary and Poland have been at odds with Brussels over issues ranging from LGBT rights to media freedoms. In July, the executive […]
N.Korea accuses U.S. of double standards on missiles, hampering talks
September 17, 2021 By Hyonhee Shin SEOUL (Reuters) – North Korea’s state media accused the United States on Friday of double standards over military activities and pursuing a hostile policy towards Pyongyang that was hampering the restart of talks on the country’s nuclear weapons and missile programmes. The commentary comes after North Korea and South […]
AirAsia X aims for end-Oct creditor meetings as talks progress
September 17, 2021 By Liz Lee KUALA LUMPUR (Reuters) -Malaysia’s AirAsia X Bhd (AAX) has made “substantial progress” in months-long talks with creditors as it aims to convene meetings with them to vote on a restructuring scheme by the end of October, its chief executive said. Benyamin Ismail told Reuters in a telephone interview that […]
Lukewarm: rich states set to fall short of $100 billion climate funding goal
September 17, 2021 By Kate Abnett BRUSSELS (Reuters) – Wealthy countries likely missed a goal to contribute $100 billion last year to helping developing nations deal with climate change, according to the head of the Organisation for Economic Co-operation and Development (OECD), after increasing funding by less than 2% in 2019. Rich countries are under […]
Malaysia’s Top Glove posts 48% profit drop, to seek Hong Kong listing
September 17, 2021 By Liz Lee and Scott Murdoch KUALA LUMPUR (Reuters) -Malaysia’s Top Glove Corp Bhd said on Friday it will renew its listing application to push ahead with its plans to raise $1 billion in Hong Kong despite a 48% slide in its quarterly earnings. The world’s largest medical glove maker has been […]
