September 13, 2021 By Renju Jose SYDNEY (Reuters) – The government of the Australian state of New South Wales (NSW) said on Monday the pace of COVID-19 vaccinations had slowed as first-dose coverage neared 80% and urged the unvaccinated to get shots soon or risk missing out on freedoms when curbs ease. Premier Gladys Berejiklian […]
Uber drivers are employees, says Dutch court
September 13, 2021 AMSTERDAM (Reuters) -Uber drivers are employees rather than independent contractors and are entitled to greater workers’ rights, a Dutch court ruled on Monday. It was the latest court victory for unions fighting for the rights of workers in the gig economy after a similar decision in Britain in March. The Amsterdam District […]
Uber will appeal Dutch ruling that drivers are employees
September 13, 2021 AMSTERDAM (Reuters) – Uber will appeal a Dutch court ruling that drivers are employees of the company and not independent contractors that make use of its platform, the company said on Monday. “We are disappointed with this decision because we know that the overwhelming majority of drivers wish to remain independent,” the […]
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 […]
Billogram, provider of a payments platform specifically for recurring billing, raises $45M
Payments made a huge shift to digital platforms during the Covid-19 pandemic — purchasing moved online for many consumers and businesses; and a large proportion of those continuing to buy and sell in-person went cash-free. Today a startup that has been focusing on one specific aspect of payments — recurring billing — is announcing a […]
Motor racing-Ricciardo earns drive in Earnhardt’s car, thinks of Senna
September 13, 2021 By Alan Baldwin (Reuters) – Daniel Ricciardo will get to drive the 1984 NASCAR Chevrolet Monte Carlo of his late idol Dale Earnhardt Sr after winning Sunday’s Italian Formula One Grand Prix but the smiling Australian can sense a better deal. McLaren Racing boss Zak Brown, who has the original number three […]
China’s elite snowboarders herald new wave of Olympians
September 13, 2021 SHANGHAI (Reuters) – As elite snowboarder Liu Jiayu trains for the 2022 Winter Olympics, it’s not just her platinum blond-streaked ponytail that stands out – she also has a colourful, personal and public social media presence, a relative rarity for Chinese athletes. Instagram pictures show her performing tricks in midair, or even […]
Turkish factory output and current account disappoint
September 13, 2021 ISTANBUL (Reuters) – Turkish industrial output rose 8.7% year-on-year in July, much less than forecast after rebounding strongly in previous months, while the current account deficit was wider than expected, data showed on Monday. The disappointing data came after a strong run in which rebounds in consumption, exports and tourism set the […]
Turkey’s current account deficit seen at $570 million in July: Reuters poll
September 13, 2021 ISTANBUL (Reuters) – Turkey’s current account is expected to record a relatively small deficit of $570 million in July due largely to a partial recovery in tourism revenues, a Reuters poll showed on Tuesday. For the full year, the median estimate of 11 economists was a $20 billion deficit, with responses ranging […]
German recovery will gain momentum in third quarter – economy ministry
September 13, 2021 BERLIN (Reuters) – The German economy will pick up steam in the third quarter but business activity will cool again in the final three months of the year, the economy ministry said on Monday. Europe’s largest economy grew by 1.6% on the quarter from April to June, a weaker rebound than in […]
BoE balance sheet to remain large as QE unwinds – Hauser
September 13, 2021 LONDON (Reuters) – The Bank of England’s balance sheet is likely to remain large even after it starts to unwind its 895 billion pounds of asset purchases, and to vary over the course of the economic cycle, BoE executive director for markets Andrew Hauser said on Monday. “We expect to adopt a […]
Breeze Airways to buy 20 additional Airbus A220 planes
September 13, 2021 By David Shepardson WASHINGTON (Reuters) – Start-up low-cost U.S. carrier Breeze Airways said Monday it has agreed to purchase an additional 20 Airbus A220-330 aircraft as it looks to expand operations to longer flights. The 20 additional planes are on top of Breeze’s existing order of 60. Breeze will take delivery of […]
Singapore bank DBS charts ambitious plans for digital exchange
September 13, 2021 By Anshuman Daga SINGAPORE (Reuters) – Singapore’s DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1,000 by end-December and grow this by 20-30% annually for the next three years as digital tokens gain acceptability. In an interview, DBS’s senior executives said DBS Digital […]
Hit to oil output from Ida overshadows demand impact, says Goldman
September 13, 2021 (Reuters) – Goldman Sachs said Hurricane Ida had a larger impact on oil production than on refinery demand, causing a net “bullish” impact on U.S. and global storage levels. The investment bank, in a note dated Sept. 9, described the hit to U.S. output as “historically large” and expects almost 40 million […]
Brevan Howard hires CMT Digital CEO to lead crypto venture investments
September 13, 2021 LONDON (Reuters) – Hedge fund Brevan Howard said on Monday it had hired CMT Digital Chief Executive Colleen Sullivan to lead the firm’s private and venture investments in crypto. Sullivan, who specialised in crypto-asset trading and blockchain technology investments at trading firm CMT, will also chair the investment committee of a new […]
Automakers, banks lift European stocks on recovery bets
September 13, 2021 (Reuters) – European stocks rose on Monday, with automakers, banks and oil shares driving early gains as investors counted on a strong euro zone economic recovery to outweigh global slowdown worries. The pan-European STOXX 600 index was up 0.4%, as of 0708 GMT, recovering lost ground after hitting a three-week low last […]
Stocks correction of 5%-10% likely by year-end: Deutsche survey
September 13, 2021 LONDON (Reuters) – An equity market correction of 5%-10% by the end of the year was the overwhelming consensus in a September market sentiment survey published by Deutsche Bank on Monday. According to the report, conducted from September 7-9 and covering over 550 market professionals globally, 58% of respondents said they expected […]
India looking to tax cryptocurrency trades and ecosystem in the country -ET Now
September 13, 2021 (Reuters) – The Indian government is looking to tax cryptocurrency trades and ecosystem in the country, news website ET Now tweeted on Monday, citing sources. The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now […]
Czech gunmaker bets on riding Colt into new markets
September 13, 2021 By Michael Kahn and Jason Hovet PRAGUE (Reuters) – For Czech gun maker CZG-Ceska Zbrojovka Group, its recent acquisition of the Colt brand carries both the potential to become a major player in the global firearms market and the challenge of reviving the fortunes of a fabled U.S. name. Shares of CZG, […]
A reluctant feminist: Germany’s Merkel still inspires many women
September 13, 2021 By Susanne Neumayer-Remter Tanya Wood Petra Wischgoll BERLIN/COLOGNE, Germany (Reuters) – German Chancellor Angela Merkel has become a feminist icon after 16 years in power even though the world’s most powerful woman has only belatedly accepted that label as she prepares to step down, and conceded that gender equality is still a […]
