David Barret

September 13, 2021 By Alan Baldwin (Reuters) – Formula One’s governing body will investigate Sunday’s Italian Grand Prix crash between title contenders Max Verstappen and Lewis Hamilton because it was ‘unusual’, according to race director Michael Masi. The Australian said that although the collision was relatively low-speed, the FIA’s safety experts would still take a […]

September 13, 2021 DUBAI (Reuters) – The United Arab Emirates central bank has issued new guidelines to financial institutions on anti-money laundering practices, it said on Monday, the latest of a number of measures launched by the Gulf state to combat illicit financial flows. Banks will be required to develop internal procedures and put in […]

September 13, 2021 (Reuters) – Insurers are bracing for claims of between $20 billion and $30 billion after assessing the damage from Hurricane Ida in many locations including New York and New Jersey, catastrophe risk modeling firm AIR Worldwide said on Monday. AIR said it updated its insured loss estimates after analyzing the inland flood […]

September 13, 2021 FRANKFURT (Reuters) – German stock market operator Deutsche Boerse said on Monday it had cancelled a Sept. 20 event to celebrate the planned expansion of the country’s benchmark DAX index, citing a rising numbers of coronavirus infections. “We have realised that due to the significant increase in COVID-19 infections in the Rhine-Main […]

September 13, 2021 LONDON (Reuters) – The Bank of England said on Monday that international regulators should get on with implementing the final elements of new global bank capital rules, though the BoE is facing “challenges” in setting out by year end its own proposals for doing this. “We should get on and do it […]

September 13, 2021 (Reuters) – Coinbase Global Inc is planning to raise about $1.5 billion through a debt offering to invest in product development and potential mergers and acquisitions, the U.S. cryptocurrency exchange said on Monday. (Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur) Source Link Coinbase looking to raise $1.5 billion through […]

September 13, 2021 (Reuters) – Kansas City Southern said it planned to accept Canadian Pacific Railway Ltd’s $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National Railway Ltd. This comes after the U.S. Surface Transportation Board (STB) rejected a temporary “voting trust” structure last month that […]

MarginEdge announced Monday it raised $18 million in Series B funding to give restaurant operators a real-time view into their costs. Co-founder and CEO Bo Davis founded the company with Roy Phillips and Brian Mills in 2015. Both Davis and Phillips are veterans of the restaurant industry: Davis was previously the founder of conveyor belt […]

September 13, 2021 (Corrects typo in the dateline) By Jamie Freed and Paulina Duran SYDNEY (Reuters) -A sale of Australia’s biggest airport moved closer on Monday as an infrastructure investor group won permission to conduct due diligence on Sydney Airport Holdings Pt Ltd, after sweetening its takeover offer to A$23.6 billion ($17.4 billion). The move […]

September 13, 2021 NEW YORK (Reuters) – Designers The Blonds celebrated the return of in-person shows at New York Fashion Week with a live catwalk presentation in a cabaret club, serving up an escapist vision of shimmer and sparkle. Featuring performances from singer Bodine and R&B duo Lion Babe, Sunday night’s show wrapped up a […]

Freshworks disclosed on Monday that it is aiming for a valuation of up to $9 billion in its US initial public offering in which it is hoping to raise over $800 million. The California-based firm, which started its journey in India and rivals Salesforce, said it plans to sell 28.5 million shares at a price […]

Cresicor, a consumer packaged goods trade management platform startup, raised $5.6 million in seed funding to further develop its tools for more accurate data and analytics. The company, based remotely, focuses on small to midsize CPG companies, providing them with an automated way to manage their trade promotion, a process co-founder and CEO Alexander Whatley […]

Obstetrics virtual care company Babyscripts raised $12 million in the first round of a Series B investment that will enable the company to accelerate the roll out of its virtual maternity care tool platform to providers. MemorialCare Innovation Fund led the investment and was joined by Philips Ventures and the CU Healthcare Innovation Fund. The […]

Numan, the European subscription service covering erectile dysfunction (ED) and men’s wellness/health needs more generally, has raised $40 million in a Series B funding round led by White Star Capital, with participation from existing investors Novator, Vostok New Global, Anthemis Exponential, Colle Capital, and new investor Hanwha Group. The new round will be used to […]

September 13, 2021 PARIS (Reuters) – A former security advisor of French President Emmanuel Macron arrived at a Paris court on Monday to go on trial accused of roughing up May Day protesters in 2018, in what triggered the first major political crisis of Macron’s mandate. Macron and his Elysee palace team were sharply criticised […]

September 13, 2021 By Ambar Warrick (Reuters) – U.S. stock index futures rose on Monday after the S&P 500 logged its worst week in more than two months, with investors keeping a close eye on inflation as well as monetary and tax policies. Wall Street indexes had lost between 1.6% to 2.2% last week, with […]

September 13, 2021 MOSCOW (Reuters) – President Vladimir Putin on Monday approved higher salaries for law enforcement and military personnel ahead of a parliamentary vote, one of many measures critics say is designed to boost support for the ruling party. The measure, which indexes their compensation to a figure above inflation, comes days before Russians […]

September 13, 2021 (Reuters) – Deposed Myanmar leader Aung San Suu Kyi was unable to attend a scheduled court hearing for health reasons, a member of her legal team said on Monday, describing her condition as dizziness caused by motion sickness. Min Min Soe told Reuters Suu Kyi, 76, who has been detained on various […]

September 13, 2021 By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) – Hours after the last U.S. troops and diplomats were out of Afghanistan, President Joe Biden said in an address at the White House that Washington will continue to support the Afghans left behind and would defend their basic rights, especially those of women […]

September 13, 2021 (Reuters) – Freshworks Inc is aiming for a nearly $9 billion valuation in a U.S. initial public offering, according to a regulatory filing by the business and customer engagement software company on Monday. The company, which rivals Salesforce.com Inc, said it would sell 28.5 million shares priced between $28 and $32. At […]