September 16, 2021 By Pushkala Aripaka (Reuters) -Cigarette maker Philip Morris (PMI) has clinched the roughly 1-billion-pound takeover of inhaler maker Vectura after winning the backing of about 75% of shareholders in the British company, part of its expansion beyond tobacco. Vectura shareholders had until Sept. 15 to decide whether to support the 165 pence-per-share […]
N.Korea says it tested new railway-borne missile system to strike ‘threatening forces’
September 16, 2021 By Josh Smith SEOUL (Reuters) -The missiles fired by North Korea on Wednesday were a test of a new “railway-borne missile system” designed as a potential counter-strike to any forces that threaten the country, state news agency KCNA reported on Thursday. The missiles flew 800 km (497 miles) before striking a target […]
Lebanon judge issues arrest warrant for ex-minister over Beirut blast
September 16, 2021 BEIRUT (Reuters) – The judge investigating last year’s Beirut port blast issued an arrest warrant on Thursday for former public works minister Youssef Finianos after he failed to show up for questioning, the state National News Agency reported. Finianos, a Hezbollah ally sanctioned by the United States for his links to the […]
Not gone yet: Merkel to hang on as active caretaker
September 16, 2021 By Andreas Rinke BERLIN (Reuters) – After 16 years in power, Chancellor Angela Merkel is not seeking re-election in Germany’s Sept. 26 election but she is anything but a lame duck. The likelihood of protracted coalition talks after the vote means Merkel will not be leaving office any time soon and she […]
Byju’s acquires coding platform Tynker for $200 million in US expansion push
Byju’s said on Thursday it has acquired California-headquartered Tynker, a leading coding platform for K-12 students, the latest in a series of major purchases as the Indian edtech giant attempts to aggressively expand to international markets. The companies didn’t disclose the terms of the deal, but a person familiar with the matter told TechCrunch that […]
Asian merchant commerce platform Pine Labs raises $100 million
Pine Labs said on Thursday it has raised an additional $100 million, just weeks after securing $600 million in a financing round, as the Asian merchant commerce platform begins to explore the public markets. The U.S.-based investment management company Invesco Developing Markets Fund made the $100 million investment, the startup said in a statement. Pine […]
Analysis: India may corner nearly half of global rice trade as exports soar to record
September 16, 2021 By Rajendra Jadhav KAKINADA, India (Reuters) – India could account for as much as 45% of global rice exports in 2021 as expanded port-handling capacity allows the world’s second largest rice grower after China to ship record volumes to buyers across Africa and Asia. The world’s top exporter could ship as much […]
Japan’s hot exports growth cools as COVID-19 hits supply chains
September 16, 2021 By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) – Japan’s exports extended double-digit gains in August, led by strong shipments of chip manufacturing equipment, although the pace of growth weakened as COVID-19 hit key Asian supply chains and slowed factory production. The trade growth is unlikely to dispel worries about the outlook […]
Exclusive: UAE central bank working to replace interbank rates – sources
September 16, 2021 By Davide Barbuscia and Tom Arnold DUBAI (Reuters) – The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources said, as it tries to catch up with global regulators who have called time on such benchmarks after banks’ attempts to rig them. The UAE is […]
Euro zone trade surplus slips in July as imports rise sharply
September 16, 2021 BRUSSELS (Reuters) – The euro zone’s trade surplus with the rest of the world declined in July from a year earlier, data released by the European Union’s statistics office showed on Thursday, as imports grew at a faster rate than exports. Eurostat said the euro zone’s unadjusted trade surplus with the rest […]
The Org nabs $20M led by Tiger Global to expand its platform based on public organizational charts
LinkedIn normalized the idea of making people’s resume’s visible to anyone who wanted to look at them, and today a startup that’s hoping to do the same for companies and how they are organized and run is announcing some funding. The Org, which wants to build a global, publicly-viewable database of company organizational charts — […]
Greek jobless rate drops to 15.8% in second quarter
September 16, 2021 ATHENS (Reuters) – Greece’s jobless rate fell to 15.8% in the second quarter from 17.1% in the first three months of 2021, data by the country’s statistics service ELSTAT showed on Thursday. About 61% of Greece’s 732,544 jobless are long-term unemployed, meaning they have been out of work for at least 12 […]
Online payments business Stripe adds more jobs to Irish hub
September 16, 2021 DUBLIN (Reuters) – Digital payments processor Stripe Inc will add hundreds of new engineering jobs in Dublin over the next three years, the United States’ most valuable technology startup said on Thursday. The new roles are in addition to 1,000 jobs the company said it would create in Ireland over the next […]
Swiss gov’t lowers 2021 economic forecast on global pressures
September 16, 2021 By Brenna Hughes Neghaiwi ZURICH (Reuters) – Switzerland’s economy is expected to grow by 3.2% this year, the government said on Thursday, lowering its full year outlook as a less sunny global picture limited Switzerland’s recovery. “The economic recovery is set to continue as expected, though growth is initially less dynamic than […]
BAE Systems says ready to support new U.S., UK, Australia defence partnership
September 16, 2021 LONDON (Reuters) – British defence company BAE Systems, which makes nuclear submarines for the UK, said it was ready to support a new defence partnership between the United States, Australia and Britain called AUKUS. “As a company with a significant presence in all three markets we stand ready to support the AUKUS […]
Malaysia says auditor KPMG to pay $80 million in 1MDB settlement
September 16, 2021 KUALA LUMPUR (Reuters) – Malaysia said on Thursday audit firm KPMG has agreed to pay a 333 million ringgit ($80.11 million) settlement to resolve all claims related to their fiduciary duties on auditing of 1Malaysia Development Berhad (1MDB) accounts from 2010 to 2012. The Finance Ministry said in a statement that the […]
China will “unswervingly” support healthy development of private economy – vice premier
September 16, 2021 BEIJING (Reuters) – China’s vice premier Liu He said on Thursday that China will “unswervingly” support the healthy development of the private economy, as well as exploring ways to alleviate pressure from rapidly rising costs on small firms, according to state media. The government needs to increase policy transparency and predictability for […]
ECB’s exit from crisis measures will be “very gradual”: Rehn
September 16, 2021 HELSINKI (Reuters) – Any exit from the European Central Bank’s crisis-fighting measures will be “very gradual” and will ensure that favourable financing conditions are maintained, Finnish central bank chief Olli Rehn said on Thursday. The ECB will debate in December when and how to wind down its 1.85 trillion euro Pandemic Emergency […]
VW’s SEAT to extend assembly curbs in Spain into 2022 on chip shortage
September 16, 2021 MADRID (Reuters) – Volkswagen’s Spanish unit SEAT plans to extend partial car assembly suspensions at its plants near Barcelona well into 2022 because of global semiconductor supply bottlenecks, the company said in a statement. “The deterioration in the supply of semiconductors now requires reorganizing, planning and adopting new labour protocols,” SEAT said, […]
Japan’s Noda, former gender equality minister, joins PM race
September 16, 2021 TOKYO (Reuters) – Seiko Noda, a Japanese former minister for gender equality, announced on Thursday she is running to replace Prime Minister Yoshihide Suga and become the nation’s first female leader. Noda, considered a long shot, has been a consistent voice urging Japan to address its declining birthrate and fast-ageing population, while […]
