October 10, 2021 By Abhirup Roy and Aditya Kalra NEW DELHI (Reuters) -India’s Zee Entertainment is locked in a legal battle with one of its biggest foreign investors, Invesco, after it called for ouster of the TV network’s CEO citing concerns around corporate governance. Zee has said it has tightened its governance processes. But the […]
Home from home: Mercedes-Benz doubles down on China
October 10, 2021 By Norihiko Shirouzu BEIJING/SHANGHAI (Reuters) – Mercedes-Benz, the German company founded by the inventors of the motor car, is pouring more resources into its cutting-edge research and design capabilities in China as the centre of gravity of the new auto world shifts eastwards. In a drive to create a “home away from […]
IMF board expected to decide Managing Director Georgieva’s fate on Monday
October 10, 2021 By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund’s executive board was meeting on Sunday with Managing Director Kristalina Georgieva and the law firm that claims she pressured World Bank staff to change data to favor China in her previous job, sources familiar with the matter said. The 24-member board plans […]
Analysis-Corporate business travel ‘carbon budgets’ loom for airlines
October 10, 2021 By Jamie Freed and Rajesh Kumar Singh SYDNEY/BOSTON (Reuters) – As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives and experts say. Several companies, such as HSBC, Zurich Insurance, Bain & […]
N.Korea’s Kim calls for improving people’s lives amid ‘grim’ economy
October 10, 2021 By Josh Smith SEOUL (Reuters) – North Korean leader Kim Jong Un urged officials to focus on improving citizens’ lives in the face of a “grim” economic situation, state media reported on Monday, as he marked the anniversary of the country’s ruling party. To celebrate the 76th anniversary of the founding of […]
European climate group says EU needs tougher truck CO2 targets
October 10, 2021 By Nick Carey (Reuters) – The European Union needs to dramatically toughen up CO2 targets for truckmakers to spur a shift to zero-emission models as current goals do not provide the incentive to do so, European campaign group Transport and Environment (T&E) said on Monday. In a study entitled “Easy Ride: why […]
Brazil’s unvaccinated president misses soccer match
October 10, 2021 SAO PAULO (Reuters) – Brazilian President Jair Bolsonaro said on Sunday he was not allowed to attend a league match between Santos and Gremio because the home club did not allow unvaccinated supporters into their stadium. The soccer match was Santos’ first with supporters present since the start of the COVID-19 pandemic, […]
‘Long 100 days’: Sydney reopens as Australia looks to live with COVID-19
October 10, 2021 SYDNEY (Reuters) – Sydney’s cafes, gyms and restaurants welcomed back fully vaccinated customers on Monday after nearly four months of lockdown as Australia aims to begin living with the coronavirus through higher vaccinations and to gradually reopen the country. Some pubs in Sydney, Australia’s largest city, opened their doors at 12:01 a.m. […]
Motor racing-Team by team analysis of the Turkish Grand Prix
October 10, 2021 (Reuters) – Team by team analysis of Sunday’s Turkish Formula One Grand Prix at the Istanbul Park circuit (listed in current championship order): MERCEDES (Valtteri Bottas 1, Lewis Hamilton 5) Bottas won from pole position and set the fastest lap. It was his first win in more than a year and 10th […]
Tennis-Swiatek reaches Indian Wells fourth round, Berrettini beats Tabilo
October 10, 2021 (Reuters) – Polish second seed Iga Swiatek eased past Veronika Kudermetova 6-1 6-0 in the third round of Indian Wells on Sunday, while world number seven Matteo Berrettini defeated Chilean Alejandro Tabilo 6-4 7-5 in their second-round match. A dominant Swiatek dropped only three of her first serve points and never faced […]
Soccer-Mbappe winner as France beat Spain in Nations League final
October 10, 2021 By Simon Evans MILAN (Reuters) -World champions France won the Nations League final with goals from Karim Benzema and Kylian Mbappe earning them a 2-1 win over Spain at the San Siro stadium on Sunday. Didier Deschamps side had struggled to get a foothold in the game during a first half dominated […]
Tesla hosts festival at Berlin gigafactory to announce start of production by December
Tesla CEO Elon Musk threw a rager at the new Berlin gigafactory on Saturday – complete with bright lights, techno music, a Ferris wheel, carousel, arcade and vegetarian food trucks – to announce the start of production at the disputed site that’s faced lawsuits by environmental groups. “We’re aiming to start production in a few […]
Auchan not planning hostile bid after Carrefour ends talks -Les Echos
October 10, 2021 PARIS (Reuters) – Auchan does not plan to make a hostile move for Carrefour after the latter broke off talks over a tie-up between the two French retail groups, business daily Les Echos said on Sunday. Le Figaro, another French daily, had reported on Saturday that Carrefour decided to end discussions with […]
Three detained in Egypt after coronavirus vaccines found dumped
October 10, 2021 CAIRO (Reuters) – Egypt’s public prosecution said on Sunday it had ordered the arrest of three people after thousands of unused COVID-19 vaccines were found dumped along a water channel. It said the vaccines had been allocated to the health directorate in the city of Minya, about 220 km (137 miles) south […]
Goldman cuts forecast for U.S. economic growth in 2021 and 2022
October 10, 2021 (Reuters) – Goldman Sachs cut its U.S. economic growth target to 5.6% for 2021 and to 4% for 2022 citing an expected decline in fiscal support through the end of next year and a more delayed recovery in consumer spending than previously expected. The firm previously expected 5.7% gross domestic product (GDP) […]
Sanjeev Gupta’s GFG Alliance strikes debt deal with Credit Suisse
October 10, 2021 LONDON (Reuters) – The GFG Alliance said on Sunday it had agreed a debt restructuring deal with Credit Suisse for its Australian steel and coal mining assets, and announced plans to inject 50 million pounds ($68 million) into the restart of its Rotherham electric furnace in the United Kingdom. GFG, owned by […]
Motor racing-Verstappen demands more pace after retaking F1 championship lead
October 10, 2021 ISTANBUL (Reuters) – Max Verstappen played down his Formula One championship advantage on Sunday and said his Red Bull team needed to find more pace to fend off Lewis Hamilton and Mercedes in the last six races of the season. The championship lead has swung between Verstappen and Hamilton all season, with […]
Motor racing-Turkey win was one of my best, says Bottas
October 10, 2021 By Tuvan Gumrukcu ISTANBUL (Reuters) – Valtteri Bottas hailed one of the best races of his Formula One career after ending a drought of more than a year with a dominant performance at the Turkish Grand Prix on Sunday. The 32-year-old Mercedes driver, who is leaving for Alfa Romeo at the end […]
Motor racing-Pirelli say Hamilton’s tyre gamble likely would have failed
October 10, 2021 By Alan Baldwin (Reuters) – Formula One tyre supplier Pirelli backed Mercedes on Sunday after Lewis Hamilton questioned his team’s Turkish Grand Prix strategy and said he would have rather risked getting to the finish on a single set of intermediates. The seven-times world champion said he obeyed against his “gut feeling” […]
Hunger-striking former Georgian leader needs hospital treatment -doctor
October 10, 2021 MOSCOW (Reuters) – Jailed former Georgian president Mikheil Saakashvili, who has been on a hunger strike, needs treatment in hospital as his condition is worsening, his personal doctor was quoted as saying by TASS news agency on Sunday. The pro-Western politician, who declared a hunger strike on Oct. 1, was arrested after […]
