September 13, 2021 By Philip Pullella and Robert Muller BRATISLAVA (Reuters) – Pope Francis warned against too much focus on individual rights and culture wars at the expense of the common good on Monday during a visit to Slovakia amid increased nationalism and anti-immigrant sentiment across eastern Europe. The 84-year-old Francis is making his first […]
Nigeria says 75 abducted children released amid army crackdown
September 13, 2021 MAIDUGURI, Nigeria (Reuters) – Seventy-five children who were kidnapped from their school in Nigeria’s northwestern Zamfara State have been released after their abductors came under pressure from a military crackdown, a state official said on Monday. Gunmen took the students from the village of Kaya on Sept. 1, the latest in a […]
Tennis – Medvedev, Tsitsipas book ATP Finals spots
September 13, 2021 (Reuters) – Newly crowned U.S. Open champion Daniil Medvedev and Greek Stefanos Tsitsipas have joined top-ranked Novak Djokovic in qualifying for the season-ending ATP Finals, the men’s tour said on Monday. Medvedev became the latest major winner on Sunday when he ended Djokovic’s quest for a record 21st major title that would […]
Key gauge of euro zone inflation expectations at highest since mid-2015
September 13, 2021 By Dhara Ranasinghe LONDON (Reuters) – A key market gauge of euro zone inflation expectations rose to its highest level since mid-2015 on Monday, a further sign that investor perceptions over the direction of future inflation are shifting. Euro zone bond yields were broadly steady, although relief over a slowdown in the […]
Money inflows into global equity funds drop in the week to Sept. 8 -Lipper
September 13, 2021 (Reuters) – Global equity funds lured fewer inflows in the week to Sept. 8 as investors turned cautious due to uncertainty over the pace of economic recovery and shied away from riskier assets. Investors purchased a net $8.54 billion in global equity funds in the week, a 54% drop compared with the […]
Apple shares recover ground after Epic ruling slide
September 13, 2021 (Reuters) -Apple Inc’s shares inched higher on Monday after losing about $84 billion in market value in the previous session on the back of a U.S. judge’s mixed decision in the iPhone maker’s fight with “Fortnite” game maker Epic Games. Shares were up about 1% before the opening bell on Monday. They […]
China Evergrande debt woes raise financing pressure on peers
September 13, 2021 By Andrew Galbraith SHANGHAI (Reuters) – China Evergrande Group’s struggles to quickly sell off assets and avert defaulting on its 1.97 trillion yuan ($305.3 billion) in liabilities is raising the risk of contagion for other privately-owned developers, fund managers and analysts say. Worries over the country’s No.2 property developer’s ability to make […]
Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA
Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps soaring across Africa. Today, Cairo-based B2B e-commerce startup Capiter continues that trend by raising a $33 million Series A round. The investment was co-led by Quona Capital and MSA Capital. Other participating investors include Savola, Shorooq Partners, […]
The Station: Apple car shakeup, how Sept. 11 changed travel, and a pledge from airlines
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Twenty […]
Commercetools raises $140M at a $1.9B valuation as ‘headless’ commerce continues to boom
E-commerce these days is now a major part of every retailer’s strategy, so technology builders and platforms that are helping them compete better on digital screens are seeing a huge boost in business. In the latest turn, Commercetools — a provider of e-commerce APIs that larger retailers can use to build customized payment, check-out, social […]
Soccer – Serie A weekend talking points
September 13, 2021 By Peter Hall (Reuters) – Talking points from the weekend’s Serie A matches. ALLEGRI AND JUVE A MESS OF THEIR OWN MAKING Massimiliano Allegri’s second coming at Juventus just gets worse by the week. Having lost last season’s top goalscorer in Serie A Cristiano Ronaldo to Manchester United three weeks ago, Juve […]
Exclusive-Volkswagen’s China partners bristle as carmaker lavishes love on new venture
September 13, 2021 By Yilei Sun and Brenda Goh BEIJING (Reuters) – Volkswagen is in talks to tighten its grip on a majority-owned joint venture in China, sparking tensions with the German automaker’s other Chinese partners who fear they could be sidelined, sources familiar with the matter said. The world’s second-biggest carmaker secured a controlling […]
Britain’s Tesco joins refillable revolution with in-store trial
September 13, 2021 LONDON (Reuters) – Britain’s biggest supermarket group Tesco launched a trial on Monday that allows customers to buy food, drink, household and beauty products in reusable packaging, part of its strategy to cut plastic waste. Britons have become increasingly aware of the amount of plastic they use in recent years, with television […]
New Zealand PM Ardern extends lockdown in Auckland to Sept 21
September 13, 2021 WELLINGTON (Reuters) – New Zealand’s largest city Auckland will remain in lockdown to beat the spread of the Delta variant of the coronavirus, Prime Minister Jacinda Ardern said on Monday. Auckland will remain in the strict Alert level 4 lockdown until midnight on Sept. 21, after which it will move to alert […]
UN rights chief rebukes Taliban over treatment of women
September 13, 2021 GENEVA (Reuters) – The United Nations’ human rights chief criticised on Monday the Taliban’s human rights record since seizing power in Afghanistan, noting that stated commitments did not match realities on the ground such as the status of women. “Importantly, and in contradiction to assurances that the Taliban would uphold women’s rights, […]
Chinese crackdown on tech giants threatens its cloud market growth
As Chinese tech companies come under regulatory scrutiny at home, concerns and pressures are escalating among investors and domestic tech companies including China’s four big cloud companies, BATH (Baidu AI, Alibaba Cloud, Tencent Cloud and Huawei Cloud), according to an analyst report. Despite a series of antitrust and internet-related regulation crackdowns, the four leading cloud […]
Greece to spend 4 billion euros on pandemic support in second half of 2021
September 13, 2021 ATHENS (Reuters) – Greece will pump an additional 4.4 billion euros into its economy in the second half of the year to prop up businesses and households battered by the coronavirus pandemic, Finance Minister Christos Staikouras said on Monday. Staikouras said Greece will spend a total of 42.7 billion euros in state […]
Marketmind: September setback
September 13, 2021 A look at the day ahead from Sujata Rao. After seven straight months of gains, world stocks are enduring a dismal September, touching a 2-1/2-week low on Monday. Wall Street futures are higher but the S&P 500 witnessed its first five-day decline since February last week and Treasury yields posted their third […]
China plans to break up Ant’s Alipay and force creation of separate loans app – FT
September 13, 2021 (Reuters) -Beijing wants to break up Alipay, the hugely popular payments app owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable loans business, the Financial Times reported on Sunday. The plan will also see Ant turn over the user data that underpins its lending decisions […]
U.N. rights chief regrets lack of access to Xinjiang
September 13, 2021 GENEVA (Reuters) – The United Nations’ rights chief lamented on Monday that efforts to gain access to China’s Xinjiang region to probe reports of serious violations against Muslim Uyghurs have not succeeded, adding that she was finalising a report on the situation. “I regret that I am not able to report progress […]