September 15, 2021 SHANGHAI (Reuters) – China’s online food delivery giants Meituan and Ele.me both said this week they will not force couriers who do work for them to register as independent businesses, a bone of contention amid ongoing scrutiny of the food delivery sector. The promise comes as part of a broader push from […]
EU’s chief executive warns against ‘pandemic of the unvaccinated’
September 15, 2021 By Yves Herman and Gabriela Baczynska STRASBOURG, France (Reuters) -The pace of vaccination against COVID-19 must be quickened to avert “a pandemic of the unvaccinated”, the European Union’s chief executive said on Wednesday, also urging countries around the globe to step up the fight against climate change. Ursula von der Leyen’s second […]
European stocks under pressure from weak China data
September 15, 2021 (Reuters) – European shares slipped on Wednesday as worries about a slowing Chinese economy, declines in travel and leisure stocks and soaring UK inflation dampened sentiment in early trading. The benchmark STOXX 600 index fell 0.1% by 0711 GMT. Asian stocks tumbled after data showed China’s factory and retail sectors faltered in […]
EU to re-start budget rules review in weeks to reach deal before 2023
September 15, 2021 STRASBOURG, France (Reuters) – The European Commission will re-launch a review of the European Union’s budget rules in weeks, with a view to agree on a reform by 2023, the head of the Commission Ursula von der Leyen said on Wednesday. The rules, which limit government borrowing to support the value of […]
Equity index giant MSCI to give 10,000 firms global warming ratings
September 15, 2021 By Marc Jones LONDON (Reuters) – Global equity index compiler MSCI is to start providing data on how much the world’s top 10,000 firms are likely to be contributing to global warning. The firm, which runs the widely-tracked $60 trillion All Country World Index, is launching Implied Temperature Rise scores, which estimate […]
Zara owner Inditex sales rebound to top pre-pandemic levels
September 15, 2021 MADRID (Reuters) – Fashion brand Zara owner Inditex rebounded with an 850 million euro second-quarter profit on Wednesday as sales topped pre-pandemic levels, outshining Swedish rival H&M. The world’s biggest fashion retailer’s sales bounced back and slightly surpassed the level seen before the pandemic as most stores reopened and people rushed to […]
Norway’s Telenor says Myanmar unit sale came after junta’s pressure on surveillance tech
September 15, 2021 By Fanny Potkin SINGAPORE (Reuters) – Norwegian telecom firm Telenor is selling its Myanmar operations to avoid European Union sanctions after “continued pressure” from Myanmar’s military junta to activate intercept surveillance technology, the company’s Asia head told Reuters. Telenor announced in July it would sell its Myanmar unit to Lebanese investment firm […]
ADM launches flavour production facility in China to meet growing demand
September 15, 2021 (Corrects to remove extraneous words from 4th paragraph) BEIJING (Reuters) -U.S. grain merchant Archer-Daniels-Midland Co said on Wednesday that it had launched a new flavour production facility in China to meet growing demand for beverages and healthy foods. The new facility – ADM Food Technology (Pinghu) Co Ltd, located in the eastern […]
Ifo institute sees German inflation slowing to 2-2.5% in 2022
September 15, 2021 BERLIN (Reuters) – German inflation is expected to slow to 2% to 2.5% in 2022 from an estimated 3% this year, the Ifo economic institute said on Wednesday. “One-off effects will disappear at the start of 2022 as the year-earlier value-added tax cut ends and energy prices reach pre-crisis levels,” Ifo chief […]
Marketmind: Peak inflation, seriously?
September 15, 2021 A look at the day ahead from Dhara Ranasinghe. News that inflation came off the boil in the United States last month was a win for those in the “inflation is transitory” camp and markets cheered the news too. But not so fast. Not only was relief in equity and bond markets […]
Investor group sets tough climate blueprint for Big Oil
September 15, 2021 By Ron Bousso and Simon Jessop LONDON (Reuters) – Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production. The unprecedented initiative – dubbed the Net […]
Chinese ambassador barred from UK parliament over sanctions row
September 15, 2021 (Corrects paragraph 9 to refer to envoy by family name Zheng) By William James and Andrew MacAskill LONDON (Reuters) -The Chinese ambassador to Britain has been banned from attending an event in the British parliament because Beijing imposed sanctions on lawmakers who highlighted alleged human right abuses in Xinjiang. China placed the […]
India considers resuming vaccine exports soon, focus on Africa, says source
September 15, 2021 By Krishna N. Das NEW DELHI (Reuters) – India is considering resuming exports of COVID-19 vaccines soon, mainly to Africa, as it has partly immunised a majority of its adults and supplies have surged, a source with knowledge of the matter told Reuters. India, the world’s biggest maker of vaccines overall, stopped […]
Folk helps you share contacts with your team
Folk is a new productivity tool started by European startup studio eFounders. And the startup just raised a $3.3 million seed funding round led by Accel with a big group of business angels. When you think about managing contacts and relationships in a professional environment, you might think that companies have solved this already. An […]
Swedish caller-identification service Truecaller seeks to raise over $100 million in IPO
Truecaller, which operates an eponymous caller-identification service, said on Wednesday it is looking to raise $116 million in an initial public offering on Nasdaq Stockholm. The 12-year-old Stockholm-headquartered firm, which counts India as its biggest market by users, is aiming for a valuation of about $3 billion in the IPO, according to earlier local media […]
Tennis-Sandgren hit in groin, defaults after striking line judge with ball
September 15, 2021 (Reuters) – Tennys Sandgren was defaulted from a tournament on Tuesday when the American accidentally struck a line judge with a ball after himself being hit in the groin. Sandgren, ranked 103rd in the world and top seed at the ATP Challenger event in Cary, North Carolina, doubled over after being struck […]
China tells banks Evergrande won’t be able to pay interest due Sept 20 – Bloomberg News
September 15, 2021 (Reuters) – China’s Ministry of Housing and Urban-Rural Development has told major banks that Evergrande will not be able to make loan interest payments due Sept. 20, Bloomberg News reported on Wednesday, citing people familiar with the matter. Evergrande, the country’s No.2 property developer, is still in talks with banks on the […]
Taiwan lands fighters on highway as annual drills reach peak
September 15, 2021 TAIPEI (Reuters) – Taiwanese fighter jets landed on a makeshift runway on a highway strip on Wednesday overseen by President Tsai Ing-wen as annual drills reached their peak, skills that would be needed in the event China attacks and targets Taiwan’s vulnerable air bases. China has been ramping up its military pressure […]
Migrants get taste of freedom as Singapore loosens labour curbs
September 15, 2021 By Edgar Su SINGAPORE (Reuters) – A group of migrant workers visited Singapore’s Little India area on Wednesday for their a first taste of freedom in more than a year, under a pilot programme to ease movement measures imposed to halt a spike in coronavirus infections in dormitories. While the rest of […]
Chaldal, Bangladesh’s largest grocery delivery platform, raises $10M Series C
Founded in 2013, Bangladesh’s Chaldal was one of the first grocery delivery startups in the world to use the “dark” store model, picking up orders from its own warehouses instead of retail stores. Now the company says it is the country’s second-largest grocery player and the largest grocery e-commerce platform, with 27 warehouses located in […]
