September 8, 2021 By Amy Tennery NEW YORK (Reuters) – No one is more surprised than Emma Raducanu herself. The British teenager became the first qualifier to reach the U.S. Open semi-finals by beating Olympic champion Belinda Bencic in straight sets on Wednesday. “I didn’t expect to be here at all,” Raducanu told reporters. “I […]
France’s Sanofi to buy U.S. biopharma firm Kadmon in $1.9 billion deal
September 8, 2021 PARIS (Reuters) -French drugmaker Sanofi said on Wednesday it would buy U.S. biopharmaceutical company Kadmon Holdings for 1.9 billion dollars, one month after announcing the purchase of another US biotech, Translate Bio, for $3.2 billion. Sanofi said it has offered $9.50 per share in cash for Kadmon, representing a total equity value […]
U.S. banking regulator proposes removal of updated fair lending regulations
September 8, 2021 By Pete Schroeder WASHINGTON (Reuters) – The U.S. Office of the Comptroller of the Currency on Wednesday proposed rescinding recently updated fair lending rules, as the agency begins work on drafting a new, unified regulation with other bank watchdogs. Under the proposal, the OCC would go back to the previous 1995 regulations […]
Biden administration plans tougher action to rein in meat prices
September 8, 2021 By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores. Four companies control much of the U.S. meat processing market, and top aides to President Joe Biden blamed those companies for rising food prices in a […]
North Korea appears to stage night-time military parade -media
September 8, 2021 SEOUL (Reuters) -North Korea appears to have staged a night-time military parade of a type it has used in the past to unveil new military hardware including large ballistic missiles, South Korean and other media focused on the country reported on Thursday. South Korea’s Yonhap news agency said the parade appeared to […]
Analysis-Bolsonaro rallies base but turns off allies and markets
September 8, 2021 By Anthony Boadle BRASILIA (Reuters) – Far-right President Jair Bolsonaro filled wide avenues in Brazil’s biggest cities with his supporters on Tuesday, but the depth of their fervor did little to help his narrowing appeal. While his attacks on the Supreme Court and election integrity may keep his core base activated – […]
Fintech is transforming the world’s oldest asset class: Farmland
Artem Milinchuk Contributor Share on Twitter Artem Milinchuk is the founder and CEO of FarmTogether, a fintech platform channeling funding into natural assets, starting with U.S. farmland. Farmland as an asset class has proven itself to be a stable investment decade after decade. Farmland’s negative correlation with the Dow Jones Industrial Average sits at an […]
Exclusive-Britain no longer in top 10 for trade with Germany as Brexit bites
September 8, 2021 By Michael Nienaber and Rene Wagner BERLIN (Reuters) -Britain is on course to lose its status as one of Germany’s top 10 trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe’s largest economy to look for business elsewhere. Britain left the European Union’s […]
Uruguay advances free trade talks with China, aims to be Mercosur ‘gateway’
September 8, 2021 MONTEVIDEO (Reuters) – Uruguay’s government is pushing ahead with free trade talks with China, hoping the small South American nation can became a “gateway” for the regional Mercosur bloc in negotiations with the Asian powerhouse. Uruguayan President Luis Lacalle Pou, who has long pushed for an agreement with China to boost exports […]
U.S. markets regulator takes aim at Coinbase lending product
September 8, 2021 WASHINGTON/HONG KONG (Reuters) -The U.S. Securities and Exchange Commission has told Coinbase Global Inc that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a programme allowing users to earn interest by lending digital assets, Coinbase said. The top U.S. markets regulator last week told Coinbase […]
Tesla plans to begin trading solar, wind and battery storage energy
September 8, 2021 (Reuters) – U.S. electric vehicle maker Tesla is looking to staff an energy trading desk to support its battery and renewable power projects, according to Telsa’s website and an employee post on career site LinkedIn.com. “I’m building a new team at Tesla focused on Energy Trading and Market Operations,” wrote Julian Lamy, […]
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, […]
Resistance leaders Massoud, Saleh still in Afghanistan, diplomat says
September 8, 2021 DUSHANBE (Reuters) – Panjshiri leader Ahmad Shah Massoud and former Afghan Vice President Amrullah Saleh have not fled Afghanistan and their resistance forces are still fighting the Taliban, the ousted Afghan government’s ambassador to Tajikistan said on Wednesday. Zahir Aghbar, envoy to Dushanbe under the government of ousted Afghan President Ashraf Ghani, […]
‘Incredible fear’ among women across Afghanistan -U.N. official
September 8, 2021 By Michelle Nichols NEW YORK (Reuters) – A lack of clarity on the Taliban’s position on women in Afghanistan has generated “incredible fear” across the country, a senior U.N. official said on Wednesday, warning there were daily reports of curbs on the rights of women. Alison Davidian, deputy head of UN Women […]
Three-quarters of U.S. Gulf of Mexico oil output remains shut
September 8, 2021 By Marianna Parraga and Sabrina Valle HOUSTON (Reuters) – More than three-quarters of the U.S. Gulf of Mexico’s offshore oil and natural gas output remained shut on Wednesday as the fallout from Hurricane Ida continued to hamper production. Some 1.4 million barrels per day (bpd) of crude production and over 1.72 billion […]
Amazon developing new point-of-sale system to attract small businesses – Insider
September 8, 2021 (Reuters) – Amazon.com Inc is working on a new type of point-of-sale system that can be sold to third-party sellers, Insider reported on Wednesday. The new system can handle both online and offline transactions and can also link to other services including Prime and Flex, the report added, citing an internal document. […]
Ads for NBC’s broadcast of upcoming Super Bowl LVI have recently sold for $6.5 million -company
September 8, 2021 (Reuters) – Comcast-owned NBCUniversal has recently sold ads for the upcoming Super Bowl LVI for $6.5 million, a company executive said on Wednesday, an 18% increase from what ViacomCBS-owned CBS charged for Super Bowl ads this year. That price includes similar-sized investments in other NBC commercial inventory. Super Bowl LVI is scheduled […]
U.S. trade chief sees ‘difficult logistical challenges’ for WTO summit
September 8, 2021 WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Wednesday spoke by phone with the head of the World Trade Organization and acknowledged the “difficult logistical challenges” facing an upcoming WTO ministerial conference, her office said. Tai thanked WTO Director General Ngozi Okonjo-Iweala for her strong leadership since taking office in March, […]
Leon Black says accuser, eyeing payday, made up Jeffrey Epstein claims
September 8, 2021 (In 7th paragraph, fixes date of amended complaint to Aug. 9 instead of Aug. 10) By Jonathan Stempel NEW YORK (Reuters) – A woman suing former Apollo Global Management Inc Chief Executive Leon Black for sexual abuse and defamation made up “demonstrably false” new accusations linking him to the late sex offender […]
U.S. House panel to vote on pre-school, child care and tuition-free community college
September 8, 2021 By Susan Cornwell WASHINGTON (Reuters) – Publicly funded pre-school, child care subsidies and two years of tuition-free community college are on the agenda this week, when a U.S. House of Representatives panel votes on parts of a sweeping social spending plan backed by President Joe Biden. The president, a Democrat, campaigned on […]
