September 8, 2021 MILAN (Reuters) – A Milan court on Wednesday ordered an expert opinion on Silvio Berlusconi’s health as the former Italian prime minister’s trial on bribery charges has been repeatedly delayed due to his hospital visits. The trial began in 2017, with 84-year old Berlusconi charged with bribing witnesses in a previous case […]
Pakistan suggests inviting Taliban-run Afghanistan to regional forum
September 8, 2021 By Asif Shahzad ISLAMABAD (Reuters) – Pakistan on Wednesday suggested inviting Taliban-run Afghanistan to a regional forum of six countries to help avert a humanitarian and economic crisis in the country. The Taliban on Tuesday announced a new government and named Mullah Hasan Akhund, an associate of the movement’s late founder Mullah […]
Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation
Buy now, pay later is officially everywhere, and Latin America is no exception. Today, one startup in the region, Addi, is announcing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had raised $35 million in an equity round led by […]
Qualcomm CEO open to working with foundry partners in Europe
September 8, 2021 By Christoph Steitz MUNICH (Reuters) – Semiconductor supplier Qualcomm is open to working with foundries in Europe if incentive programmes to boost automotive chip production on the continent attract the right partners, Chief Executive Cristiano Amon said. Foundries in Europe are now geared towards mass production of semiconductors, Amon told Reuters at […]
Oil climbs on low U.S. output, disruptions in Libyan ports
September 8, 2021 By Bozorgmehr Sharafedin LONDON (Reuters) -Oil rose more than 1% on Wednesday as U.S. Gulf of Mexico producers made slow progress in restoring output after Hurricane Ida and protesters blocked exports from two Libyan ports. Brent was up 93 cents, or 1.3%, at $72.62 a barrel, at 1125 GMT, and U.S. West […]
Worries over economic recovery shake world stocks, dollar gains
September 8, 2021 By Carolyn Cohn LONDON/HONG KONG (Reuters) – World stocks edged away from the previous session’s record highs and European stocks dropped on Wednesday on uncertainty over the pace of economic recovery, while the dollar hit one-week highs as investors reduced exposure to riskier assets. U.S. S&P futures eased 0.1% after the S&P […]
Motor insurer Marshmallow becomes one of first Black-founded UK unicorns
September 8, 2021 (Company corrects claim in headline, paragraph 1 that it was the first Black-founded UK unicorn) LONDON (Reuters) -Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on Wednesday. The early-stage funding […]
Applied Materials aims to improve chip production for electric vehicles
September 8, 2021 By Stephen Nellis (Reuters) – Applied Materials on Wednesday released two new tools aimed at improving the efficiency of making a new class of chips for electric vehicles. Applied is the world’s largest maker of tools for making semiconductors. The machines announced on Wednesday are designed for chips made from a material […]
EU not aiming to renegotiate N. Ireland protocol – EU’s Sefcovic
September 8, 2021 BRUSSELS (Reuters) – The European Union and Britain can resolve problems over the trading position of Northern Ireland through the protocol agreed between the two rather than to renegotiate it, European Commission vice president Maros Sefcovic said on Tuesday. “I am absolutely convinced, and I think this is clearly the position and […]
U.S. mortgage application volumes at lowest since mid-July -MBA
September 8, 2021 By Evan Sully (Reuters) – The number of applications for home mortgages decreased last week to the lowest level since mid-July, dampened by declines in refinancing activity and purchase applications as mortgage rates remained unchanged. The Mortgage Bankers Association (MBA) said on Wednesday its seasonally adjusted market composite index tracking mortgage applications […]
Dollar buoyed by U.S. yields, hits one-week top ahead of ECB
September 8, 2021 By Ritvik Carvalho LONDON (Reuters) – The dollar rose to its highest in a week against peers on Wednesday, buoyed by higher Treasury yields and a weaker euro a day ahead of a European Central Bank policy decision. The dollar index, which measures the currency against six rivals, traded 0.2% higher at […]
EU to mull changes to budget rules, debt, green investment in focus
September 8, 2021 By Jan Strupczewski BRUSSELS (Reuters) – European Union finance ministers will begin discussing on Friday how to change their budget rules to deal with a huge rise in government debt during the coronavirus pandemic and how to encourage spending needed to arrest climate change. Potential options include exempting “green” investments from calculations […]
With GameStop earnings on tap, options traders bet on muted moves
September 8, 2021 By Saqib Iqbal Ahmed NEW YORK (Reuters) -Options traders are expecting comparatively subdued moves in GameStop Inc shares around its earnings report, as the company that helped spark the so-called meme stock phenomenon prepares to report quarterly results on Wednesday. Traders are pricing a 14% swing for GameStop’s shares by Friday, according […]
Amazon’s cashierless ‘Just Walk Out’ tech is coming to Whole Foods stores
Steve Dent Contributor Steve Dent is an associate editor at Engadget. More posts by this contributor NVIDIA’s latest tech makes AI voices more expressive and realistic Sony’s ZV-E10 brings interchangeable lenses to its vlogging camera series After launching it in Go stores and then bringing it to larger Freshsupermarkets, Amazon’s cashierless “Just Walk Out” tech […]
Continental’s eco-friendly concept tire includes a renewable tread
Jon Fingas Contributor Jon Fingas is a contributing writer at Engadget. More posts by this contributor IKEA will sell clean energy to Swedish homes Uber will offer free Rosetta Stone language courses to drivers Many efforts are underway to reduce the environmental impact of cars, but what about the tires those cars ride on? Continental […]
Gaia Capital Partners in Paris rebrands as Revaia, closes first €250M growth fund
Paris-based VC fund Gaia Capital Partners has change its name to Revaia and announced the final closing of its first growth fund, at €250 million. The firm said it exceeded its initial target of €200 million, and the fund will be ‘ESG focused’. Revaia is also claiming to be Europe’s largest female-founded VC fund, although […]
Beauty Pie, an online buyers’ club, picks up $100M to boost its beauty and wellness business
The beauty industry is worth some $500 million annually, and the Covid-19 pandemic has led to a sharp rise in the proportion of sales being carried out online. Today, a London-based beauty startup is announcing a major round of funding in hopes of reaping the spoils of that trend with a direct-to-consumer online storefront selling […]
Golf-Royal Portrush to host 2025 British Open
September 8, 2021 LONDON (Reuters) – The British Open will return to Royal Portrush in Northern Ireland in 2025 following the successful return of the championship to the course in 2019, the R&A said on Wednesday. Irishman Shane Lowry capped a memorable return to Northern Ireland for the Open for the first time since 1951 […]
As rates hug zero, former BOJ chief Shirakawa casts doubt on mainstream policy
September 8, 2021 By Leika Kihara TOKYO (Reuters) – The validity of mainstream economics and monetary policy prescriptions are now being questioned, as many central banks face zero interest rates after struggling to prop up their economies, former Bank of Japan Governor Masaaki Shirakawa said. During his term as BOJ head until 2013, Shirakawa was […]
China is not targeting any country with fan culture crackdown – embassy
September 8, 2021 SHANGHAI (Reuters) -China’s crackdown on “fan culture” is aimed at maintaining public order and will not affect its relations with any country, the Chinese embassy in South Korea said on Wednesday. The government has launched a multi-pronged crackdown on a broad range of sectors including the entertainment industry and what authorities describe […]
