Epic Games CEO Tim Sweeney, whose high-profile antitrust lawsuit against Apple is now under appeal, is today calling out the iPhone maker for giving itself access to an advertising slot its competitors don’t have: the iPhone’s Settings screen. Some iOS 15 users noticed Apple is now advertising its own services at the top of their […]
Microsoft acquires Ally.io, OKR startup that raised $76 million
Microsoft announced today that it has acquired Ally.io, a software service that helps companies measure their progress against OKRs or objectives and key results, a common way the management measures both individual and company progress. The two firms did not share the purchase price. Microsoft plans to incorporate Ally into its Viva family of employee […]
NBA-Durant still sees Irving playing for Nets despite vaccine stance
October 7, 2021 (Reuters) – Brooklyn Nets forward Kevin Durant said he still envisions Kyrie Irving playing a role for the team this season despite uncertainty over the seven-time All Star’s COVID-19 vaccination status. The season begins on Oct. 19 and unvaccinated players must comply with a long list of restrictions to play in games […]
Brazil miner Vale says spin-off of base metals unit no longer planned
October 7, 2021 (Reuters) – The chief executive of Brazilian iron ore miner Vale SA said on Thursday the company has stopped looking into a spin-off for its base metal division, a longstanding plan of the company. “We are not talking about a spin off yet. The problem here is the size of the business,” […]
Fed’s Mester says U.S. inflation mostly driven by pandemic-related factors
October 7, 2021 By Jonnelle Marte NEW YORK (Reuters) – Both supply-side and demand-side factors are contributing to U.S. inflation right now, but most of the current price changes may be driven by pandemic-related shifts that could subside over time, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday. Policymakers need to distinguish short-term […]
Italian watchdog calls on DAZN to fix Serie A live streaming problems
October 7, 2021 By Elvira Pollina MILAN (Reuters) – Italy’s communications watchdog on Thursday called on sport streaming app DAZN to put measures in place in order to prevent malfunctions during streaming of live matches of the country’s top soccer league Serie A, stepping up pressure on the online platform. Owned by billionaire Len Blavatnik, […]
After a proxy fight victory, it’s time for Box to make some bold moves
Throughout its history as a public company, Box has had a bit of a bumpy ride. The company was founded back in 2005 as a simple consumer file sharing service, but shifted a few years later to focus on enterprise and build a modern content management system for the still-developing cloud and mobile world. Once […]
Global startups raise $158B in Q3, an all-time record
Following a record-breaking second quarter, venture capitalists around the world stayed busy in Q3, investing astronomical sums into global startups. Since the back half of 2020 kicked off and the venture capital and startup worlds discovered that COVID and its related economic impacts were largely set to miss the upstart technology market, investors have been […]
TC Sessions: Space 2021 offers unmatched visibility for space startups
If you’re building a startup to the stars, you’ll find an un-earthly amount of opportunity waiting for you at TC Sessions: Space 2021 on December 14-15. This virtual two-day conference focuses on all aspects of a sector — both public and private — that’s thrilling, complex and expanding at an incredible pace. You won’t find […]
One month on, El Salvador’s bitcoin use grows but headaches persist
October 7, 2021 By Wilfredo Pineda and Nelson Renteria EL ZONTE, El Salvador (Reuters) – A growing number of El Salvadorans have experimented with bitcoin since the country became the first to adopt it as legal tender last month, with a couple of million dollars sent daily by migrants using the cryptocurrency. But only a […]
Evergrande and other Chinese property giants have sizeable off-balance sheet debt – JPMorgan
October 7, 2021 By Marc Jones LONDON (Reuters) – Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios. JPMorgan’s China and Hong Kong property analysts said the tactic is […]
Compassion not barbed wire should greet migrants, Nobel winner Gurnah says
October 7, 2021 By Guy Faulconbridge and Natalie Thomas CANTERBURY, England (Reuters) – Europe should greet migrants with compassion rather than barbed wire and the British government is “rather nasty” about those who seek asylum, said Tanzanian writer Abdulrazak Gurnah, who won the 2021 Nobel Prize in Literature. Gurnah, who explored the legacies of imperialism […]
Ireland told it can keep 12.5% corporate tax rate for smaller firms
October 7, 2021 DUBLIN (Reuters) -Ireland has received assurances that if it agrees to a new global minimum corporate tax rate of 15% it can maintain its 12.5% rate for firms with annual turnover below 750 million euros ($867 million), Deputy Prime Minister Leo Varadkar said. Irish ministers are due to meet on Thursday to […]
Nigeria cranks up spending to record $39.8 billion in 2022 budget
October 7, 2021 By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s president unveiled a record 16.39 trillion naira ($39.8 billion) budget for 2022 on Thursday, with a projected 25% year-on-year rise in government spending as the economy struggles with the impact of the pandemic. The deficit will rise to 6.26 trillion naira, or […]
Soccer-Saudi Arabia-led consortium completes Newcastle takeover
October 7, 2021 By Martyn Herman LONDON (Reuters) – A Saudi-Arabian backed consortium completed its purchase of Premier League club Newcastle United on Thursday as a long-running takeover saga finally reached the conclusion the majority of the club’s supporters desired. Fourteen months after Saudi Arabia’s Public Investment Fund (PIF) withdrew a 305 million pounds ($415.07 […]
We need more, EU and U.S. urge China ahead of climate summit
October 7, 2021 By Kate Abnett BRUSSELS (Reuters) – The United States and European Union’s climate envoys urged China to step up its targets to cut emissions on Thursday, adding to the pressure on the world’s biggest emitter ahead of the COP26 conference in Glasgow. With three weeks to go until the United Nations’ COP26 […]
Morocco names new government, keeps foreign and interior ministers
October 7, 2021 RABAT (Reuters) -Morocco’s King Mohammed named a new government on Thursday after last month’s election, keeping the foreign and interior ministers in place but appointing Nadia Fettah Alaoui as finance minister, the state news agency reported. In a monarchy where the king has final say on all major decisions, the new government’s […]
Boxing-Boxing offers escape valve for favela children in Brazil
October 7, 2021 SAO PAULO (Reuters) – When 13-year-old Mariangela Pereira da Silva was accosted by a strange man near her home earlier this year she was frightened. She felt she had to do something and a bar of chocolate helped her reach a decision. A local NGO was offering chocolate to anyone who wanted […]
NHL-Canadiens goalie Price enters player assistance program
October 7, 2021 (Reuters) – Montreal Canadiens goalie Carey Price, who backstopped his team to last season’s Stanley Cup Final, is voluntarily stepping away from the club to enter the NHL/NHLPA player assistance program, the league and union said on Thursday. The National Hockey League and NHL Players’ Association announced Price’s decision in a joint […]
Harris says key labor report will be released on Oct. 23
October 7, 2021 By Nandita Bose WASHINGTON (Reuters) – Vice President Kamala Harris said on Thursday a labor report commissioned by President Joe Biden in April on ways existing policies can boost unions and promote labor organizing will be released on Oct.23. Harris delivered remarks during the second meeting of the White House labor task […]
