September 8, 2021 By Sabrina Valle and Arpan Varghese HOUSTON (Reuters) -Hurricane Ida’s damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records. Ida’s 150 mile-per-hour (240 kph) winds cut most offshore oil and gas […]
Debt versus equity: When do non-traditional funding strategies make sense?
David Friend Contributor Share on Twitter David Friend is a serial entrepreneur, six-time founder, and the current co-founder and CEO of cloud storage company, Wasabi Technologies. More posts by this contributor Brand power vs. product power The herd sours on unprofitable unicorns again The U.S. produces more new startups and unicorns each year than any […]
MLB roundup: Jays win as Yanks’ Gerrit Cole (hamstring) exits
September 8, 2021 Marcus Semien continued his home run binge with a solo shot, Alejandro Kirk homered twice and the visiting Toronto Blue Jays extended their winning streak to six games Tuesday with a 5-1 victory over the New York Yankees, who lost ace Gerrit Cole to a hamstring injury. The Blue Jays won for […]
Soccer-Guinea clubs barred from playing at home in African club competition after coup
September 8, 2021 CAIRO (Reuters) – Clubs from Guinea will not be allowed to play at home in African club competition matches over the next fortnight following the coup that ousted President Alpha Conde on Sunday, the Confederation of African Football (CAF) said on Wednesday. Instead, their two-legged ties in the first round of both […]
BoE split evenly in August on whether basic conditions for rate hike met – Bailey
September 8, 2021 By David Milliken and William Schomberg LONDON (Reuters) – Bank of England policymakers were split evenly last month between those who felt the minimum conditions for considering an interest rate hike had been met and those who thought the recovery was not strong enough, Governor Andrew Bailey said. Bailey said he was […]
NY Fed’s Williams says it may be appropriate to start tapering asset purchases this year
September 8, 2021 (Reuters) – If the U.S. economy continues to improve, it may be appropriate for the Federal Reserve to start reducing the pace of its asset purchases later this year, New York Fed Bank President John Williams said on Wednesday. “Assuming the economy continues to improve as I anticipate, it could be appropriate […]
U.S. job openings vault to record high as employers scramble for workers
September 8, 2021 By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings raced to a new record high in July while layoffs rose moderately, suggesting last month’s sharp slowdown in hiring was due to employers being unable to find workers rather than weak demand for labor. The Labor Department’s monthly Job Openings and Labor Turnover Survey, […]
U.S. FTC meeting will scrutinize Big Tech’s small deals
September 8, 2021 WASHINGTON (Reuters) – The U.S. Federal Trade Commission will hold its next open meeting on Sept. 15 to hear staff findings on deals that Big Tech firms like Facebook and Apple make which are sometimes too small to spark antitrust scrutiny, the agency said on Wednesday. The agency began holding open meetings […]
Hungary awaits Pope Francis with a sweet “Bite of Heaven”
September 8, 2021 By Krisztina Fenyo DUNAHARASZTI, Hungary (Reuters) – Confectioner Zsolt Karl has made a special cake he calls “a bite of Heaven” using dried fruits mentioned in the Bible and hopes Pope Francis will taste his creation during his visit to Hungary this Sunday. Pope Francis is due to arrive in mainly Roman […]
Exiled Ghani apologizes to Afghan people
September 8, 2021 (Reuters) – Former Afghan President Ashraf Ghani, who fled Kabul as Taliban forces reached the outskirts of the city last month, apologized on Wednesday for the abrupt fall of his government but denied that he had taken millions of dollars with him. In a statement posted on Twitter, Ghani said he had […]
Who to blame for Taliban takeover? Former Afghan envoy points finger at Kabul
September 8, 2021 By Phil Stewart WASHINGTON (Reuters) – Roya Rahmani, Afghanistan’s first female ambassador to the United States who left her post in July, is clearly horrified by the Taliban takeover of her country. But she is not surprised. In an interview, Rahmani accused the former U.S.-backed government in Kabul of a failure to […]
Philippines defense minister says U.S. treaty needs comprehensive review
September 8, 2021 By David Brunnstrom and Karen Lema WASHINGTON (Reuters) -Philippine Defense Secretary Delfin Lorenzana said on Wednesday there was a need for a comprehensive review of his country’s alliance with the United States, complaining Manila got less from its relationship with Washington than non-treaty allies despite growing pressure from China. At an online […]
SEC wants to regulate Coinbase’s crypto yield product, Coinbase disagrees
Coinbase CEO Brian Armstrong has reacted strongly to the company’s current relationship with the U.S. Securities and Exchange Commission. According to him, the SEC is threatening to sue the cryptocurrency exchange if it launches its yield-generating product called Coinbase Lend. With this new product, Coinbase wants to compete with popular decentralized finance (DeFi) products, such […]
Soccer-Premier clubs could face sanctions over South American players
September 8, 2021 By Simon Evans MANCHESTER, England (Reuters) -Premier League clubs could face sanctions from FIFA if they play South American players, who were not released for international duty, in this weekend’s games. Liverpool, Manchester United, Chelsea and Manchester City are among clubs who did not release Brazilian players for the current international break […]
UK man sentenced over racist abuse of England soccer players
September 8, 2021 LONDON (Reuters) – A British man has been sentenced to pay compensation and observe a curfew at weekends after pleading guilty to posting racist abuse about England players on the night of the Euro finals in July. England’s Marcus Rashford, Jadon Sancho and Bukayo Saka, who are Black, were bombarded with online […]
Dollar General upbeat on holiday inventory amid industry-wide shortages
September 8, 2021 (Reuters) – Dollar General Corp said on Wednesday its shelves would be stacked with regular Halloween and holiday products this year even as many other U.S. retailers grapple with empty racks due to COVID-19-triggered supply chain issues. “We’re facing some of the same challenges as others, but our team has done a […]
Twitter tests ‘Communities’ feature for tweeting to groups
September 8, 2021 By Elizabeth Culliford (Reuters) – Twitter on Wednesday launched a global test of a tool it calls Communities, a feature similar to Facebook Groups that gives users a way to tweet to people with similar interests. In a blog post, Twitter said certain users can create Communities and more will be added […]
Analysis: Taliban choices in new cabinet could hamper recognition by West
September 8, 2021 By Rupam Jain and Alasdair Pal (Reuters) – Afghanistan’s new rulers have rewarded Taliban veterans and hardliners with plum posts in the cabinet despite promising an inclusive government, but the choices could pose obstacles in the country getting Western recognition and aid. At least three members named in what was described as […]
Iran warns West of IAEA move as U.S says time running out to save nuclear deal
September 8, 2021 By Humeyra Pamuk RAMSTEIN AIR BASE, Germany (Reuters) – Iran’s president on Wednesday warned Western states against rebuking Tehran at the U.N. atomic watchdog after its latest reports criticised his country, while the top U.S. diplomat said time was running out to revive a nuclear deal with world powers. The International Atomic […]
Alleged victim of Madrid homophobic attack says injuries were consensual – Interior Ministry
September 8, 2021 MADRID (Reuters) – A 20-year old Spanish man who said a masked gang assaulted him with a knife in Madrid and carved a homophobic slur into his buttocks has since told police the injuries were consensual, the Interior Ministry said on Wednesday. Protests had been called across Spain on Wednesday evening in […]