September 9, 2021 By Huw Jones LONDON (Reuters) – Accountants KPMG said on Thursday it had become one of Britain’s first companies to set a target for staff from working class backgrounds to help close a pay gap and diversify its workforce. Companies are already taking steps to diversify by increasing the number of women […]
Sea looking to raise $6.3 billion in SE Asia’s biggest fundraising
September 9, 2021 By Scott Murdoch and Anshuman Daga HONG KONG (Reuters) – E-commerce and gaming company Sea Ltd is looking to raise $6.3 billion in a share and convertible bond sale in Southeast Asia’s largest ever capital raising, tapping growing investor interest in the region. This is the second major fund raising in less […]
Microsoft confirms investment in India’s Oyo in a multi-year strategic deal to co-develop travel and hospitality products
Microsoft has entered a “multi-year strategic alliance” with Oyo to work with the Indian startup to co-develop “next-generation” travel and hospitality products and tech. Thursday’s announcement confirms a late July TechCrunch report. TechCrunch had reported that Microsoft was in talks to invest in Oyo and was exploring ways to provide its technologies to the Indian […]
China suspends approval for new online games – SCMP
September 9, 2021 (Reuters) -China has temporarily suspended approval for all new online games in a bid to curb a gaming addiction among young people, the South China Morning Post reported https://bit.ly/3hiH4ee on Thursday citing people with knowledge of the matter. The decision was revealed at a meeting between Chinese authorities and industry giants Tencent […]
Liberals win most seats in Morocco’s parliamentary election, routing Islamists
September 9, 2021 By Ahmed Eljechtimi RABAT (Reuters) – Morocco’s liberal RNI party has won most seats in the country’s parliamentary elections followed by another liberal party, PAM, while co-ruling moderate PJD Islamists suffered a crushing defeat, preliminary results showed on Thursday. RNI, led by billionaire agriculture minister Aziz Akhannouch, took 97 of the 395-seat […]
Motor racing-Schumacher’s wife says F1 great ‘different, but here’
September 9, 2021 (Reuters) – Michael Schumacher’s wife, Corinna, said the Formula One great is “different, but he’s here” as the 52-year-old continues his rehabilitation from a brain injury suffered in a skiing accident in December 2013. The family have kept updates to a minimum since the accident and in an upcoming Netflix documentary, set […]
Renault in talks to end Chinese van venture with Brilliance – source
September 9, 2021 By Yilei Sun and Sarah White BEIJING/PARIS (Reuters) – Renault is in advanced discussions to end its joint venture to build vans with China’s state-backed Brilliance, a source close to the matter said, as the French firm overhauls its struggling Chinese operations. The tie-up dates back to 2017, when Renault and Brilliance […]
Shanghai plans data exchange to help boost efficiency in manufacturing
September 9, 2021 BEIJING (Reuters) – China’s business hub Shanghai city is planning to set up a data exchange to help boost efficiency in the manufacturing industry as the city seeks to promote the digitalisation of supply chains, vice mayor Wu Qing said on Thursday. Shanghai would encourage companies to share some data and also […]
Assa Abloy buys Spectrum home improvement business for $4.3 billion
September 9, 2021 By Helena Soderpalm and Praveen Paramasivam (Reuters) – U.S. lockmaker Spectrum Brands Holdings Inc has agreed to sell its hardware and home improvement division to Swedish rival Assa Abloy for $4.3 billion in cash. Shares in Assa Abloy rose 6.2% in early trade on Thursday, buoyed by the deal and the prospects […]
UK says it is ready to send migrant boats back to France
September 9, 2021 LONDON (Reuters) – Britain has approved plans to turn away boats illegally carrying migrants to its shores, deepening a diplomatic rift with France over how to deal with a surge of people risking their lives by trying to cross the English Channel in small dinghies. Hundreds of small boats have attempted the […]
Hungary condemns EU move to fine Poland over judicial reform
September 9, 2021 BUDAPEST (Reuters) – Hungary labelled EU authorities as arrogant after they moved to impose financial penalties against Poland in a dispute over judicial reforms. The European Commission said on Tuesday it had asked the EU’s top court to fine Poland over the activities of a judges’ disciplinary chamber, stepping up a long-running […]
Smoke detected in Russian module on space station – Roscosmos
September 9, 2021 MOSCOW (Reuters) – A smoke alarm was activated in a Russian service module on the International Space Station (ISS), the Russian space agency Roscosmos said on Thursday, and Russian news agencies reported that cosmonauts had smelled burning plastic. The RIA news agency quoted Roscosmos as saying all systems were later working properly. […]
How business travel may never be the same again
September 9, 2021 By Emma Thomasson and Silvia Aloisi BERLIN/MILAN (Reuters) – Sylvia Burbery is delighted that she no longer spends most of her life travelling for work. “I am grateful that the pandemic has forced us to step back and look at ways of working we took for granted,” said the regional president for […]
Mumbai gets ready to celebrate its biggest festival amid surging coronavirus cases
September 9, 2021 MUMBAI (Reuters) – As India’s financial capital, Mumbai, gets ready for its biggest festival of the year, daily coronavirus cases have surged, rising more than two-fold in less than a month, even as authorities imposed curbs to prevent a further spike. Markets were bustling and streets were crowded as people prepared for […]
Somalia on edge as president, PM clash over intelligence chief
September 8, 2021 By Abdi Sheikh MOGADISHU (Reuters) – Somalia’s two most powerful leaders were locked in a standoff on Wednesday after they named different men to head the politically unstable Horn of Africa nation’s intelligence service. The row between President Mohamed Abdullahi Mohamed and Prime Minister Mohammed Hussein Roble, nominally over a murder investigation, […]
Remote learning is setting back millions of South Asian children – UNICEF
September 9, 2021 NEW DELHI (Reuters) – Hundreds of millions of children in South Asian are suffering because their schools have been closed because of the coronavirus but they lack online devices and connections for remote learning, UNICEF said on Thursday. Authorities should prioritise the safe reopening of schools because even before the pandemic, almost 60% […]
Foreign brands criticised in China for misleading shoppers
September 9, 2021 BEIJING (Reuters) – Chinese state media and ruling party members have rounded on several foreign brands, criticising them for misleading customers after authorities fined the Chinese unit of clothing company Canada Goose for false advertising. The dressing down comes as tension between China and Western countries has fuelled patriotism and driven some […]
Cathay Pacific to close London pilot base, review U.S. bases
September 9, 2021 (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd will close its London pilot base and review the last remaining overseas pilot bases in the United States, the airline said on Thursday, as it grapples with the impact of coronavirus. The closure comes after Cathay put the London base under review in July […]
British airline easyJet to raise $1.7 billion, rejected bid offer
September 9, 2021 LONDON (Reuters) -British airline easyJet said on Thursday it would raise 1.2 billion pounds ($1.7 billion) in a fully underwritten rights issue to fund its pandemic recovery, and added it had recently rejected a takeover offer. The company said it had rejected an all-share takeover approach which it believed fundamentally undervalued the […]
Marketmind: Over to you, Christine
September 9, 2021 A look at the day ahead from Karin Strohecker. Investors are increasingly uneasy at signs central bankers in Europe and elsewhere are mulling a retreat from the easy-money policies that have provided much of the ammunition for stock market gains. So ahead of an ECB meeting where a stimulus slowdown is likely […]
