September 7, 2021 By Amy Tennery NEW YORK (Reuters) – Greek Maria Sakkari emerged triumphant from a gruelling three hour, 30 minute battle with former champion Bianca Andreescu at the U.S. Open on Monday, clinching a 6-7(2) 7-6(6) 6-3 victory to reach the U.S. Open quarter-finals. Sakkari helped the Canadian to an early break in […]
Marketmind: Transitory faith in transitory inflation
September 7, 2021 A look at the day ahead from Julien Ponthus. Say your economy is growing at about 5% annually, it just hit a 10-year inflation high of 3% amid labour shortages and enjoys negative yields on benchmark government bonds. Let’s add that junk-rated bonds have fallen below the economy’s inflation rate. Does this […]
Volkswagen chairman: strategic transformation might cost more
September 7, 2021 MUNICH (Reuters) – Volkswagen may have to stump up a bigger bill to fund its current transformation, the group’s supervisory board chairman said, pointing to the carmaker’s ambitious shift towards autonomous driving. “We are in a phase where substantial free cash flows are being generated. That means we can pay out good […]
European shares hover below record high, telecom stocks jump
September 7, 2021 (Reuters) – European stocks hovered below record highs on Tuesday as caution ahead of a European Central Bank meeting later this week offset gains in the telecoms sector following a Deutsche Telekom deal. The pan-European STOXX 600 index slipped 0.1% by 0719 GMT, after coming just a point below its record high […]
IFRC urges urgent global humanitarian support for Afghanistan
September 7, 2021 (Reuters) – Conflict, drought and the pandemic have rendered 18 million Afghans in need of humanitarian assistance, the International Federation of Red Cross and Red Crescent Societies (IFRC) said on Tuesday, calling for urgent international action. Foreign governments have pledged continued humanitarian support, but there is no clarity on how this help […]
Myanmar military releases hardline monk Wirathu -media
September 7, 2021 (Reuters) – Myanmar’s military authorities have freed from jail a nationalist Buddhist monk, Ashin Wirathu, after dropping sedition charges filed during the rule of the ousted government of Aung San Suu Kyi, media said. Known for his outbursts against minority Muslims, particularly the Rohingya community, the monk was also critical of Suu […]
Hong Kong to reopen China border for some residents as govt eases COVID-19 rules
September 7, 2021 HONG KONG (Reuters) – Hong Kong leader Carrie Lam said on Tuesday that some residents from China and the former Portuguese colony of Macau will be allowed to enter the city without undergoing quarantine from Sept. 15, relaxing strict border restrictions to curb COVID-19. Speaking at her weekly press conference, Lam said […]
Hyundai Motor Group unveils its hydrogen strategy, plans to offer fuel cell versions of commercial cars by 2028
Hyundai Motor Group is backing hydrogen as a top energy solution for sustainability. With its new fuel cell system that it plans to launch in the next few years, the South Korean automaker said it will provide hydrogen fuel cell versions for all its commercial vehicles by 2028. Hyundai announced its strategy for the future […]
OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says
September 7, 2021 MOSCOW (Reuters) – The head of Russia’s No. 2 oil producer Lukoil said that oil prices of $65-$75 were “comfortable” for consumers and that the OPEC+ group of leading oil-producing nations was striving to maintain that price range by regulating output. In an interview with the Kommersant newspaper published on Tuesday, Vagit […]
Toyota to spend over $13.5 billion on EV batteries by 2030
September 7, 2021 TOKYO (Reuters) – Toyota Motor Corp said on Tuesday it expects investments for development of its battery supply system and research and development to be about 1.5 trillion yen ($13.65 billion) by 2030. ($1 = 109.8500 yen) (Reporting by Tim Kelly; Editing by Himani Sarkar) Source Link Toyota to spend over $13.5 […]
Ted Baker sales jump as easing curbs revive dressing to the nines
September 7, 2021 (Reuters) – Upmarket fashion retailer Ted Baker Plc on Tuesday said second-quarter sales surged 50% as the lifting of COVID-19 restrictions in the UK boosted demand for formal clothes. Retail sales during the 16-week period to Aug. 14 jumped 30% from the comparable period in crisis-hit 2020, but was still 30% below […]
UK house prices jump by 0.7% in August – Halifax
September 7, 2021 LONDON (Reuters) – British house prices rose by 0.7% in August, the biggest month-on-month rise for three months and following a 0.4% rise in July, mortgage lender Halifax said on Tuesday. In annual terms, house price growth cooled to 7.1% from 7.6% in July, the weakest reading for five months. (Reporting by […]
Softbank agrees strategic share swap pact with Deutsche Telekom
September 7, 2021 TOKYO (Reuters) – Japan’s Softbank Group said on Tuesday it had agreed a strategic partnership with Deutsche Telekom, Germany’s main telecoms company, which will receive 45 million shares of T-Mobile US for 240 million of its shares. Deutsch Telekom will receive another 20 million shares of the No.3 U.S. wireless carrier with […]
Hyundai to offer hydrogen fuel cell versions of all commercial vehicles by 2028
September 7, 2021 By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Hyundai Motor Group said on Tuesday it plans to offer hydrogen fuel cell versions for all its commercial vehicles by 2028 and will cut the price of fuel cell vehicles to battery electric levels two years later. The group, which comprises Hyundai Motor […]
German factory output rebound suggests bottlenecks easing
September 7, 2021 BERLIN (Reuters) – German industrial output rose more than expected in July after three monthly drops, data showed on Tuesday, in a sign that factories are slowly overcoming supply bottlenecks which have been holding back a recovery in Europe’s biggest economy. The Federal Statistics Office said industrial output, including construction and energy, […]
France to pay national tribute to famed actor Belmondo on Sept 9
September 7, 2021 PARIS (Reuters) – France will hold a national ceremony to pay tribute to famed actor Jean-Paul Belmondo at Paris’ Hotel National des Invalides on Sept 9, said the French presidency on Tuesday. Belmondo, a star of France’s New Wave cinema after his breakthrough performance in Jean-Luc Godard’s “A bout de souffle” (“Breathless”) […]
India ‘prepares for the worst’ ahead of possible COVID-19 third wave
September 7, 2021 By Krishna N. Das NEW DELHI (Reuters) – As COVID-19 cases and deaths exploded in India in April and May, New Delhi’s premier Sir Ganga Ram Hospital and several others ran so short of oxygen that many patients in the capital suffocated https://ift.tt/3yP7V7U. When Reuters visited the hospital on Friday, its last […]
Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation
Francophone Africa has its first unicorn, and if you’ve been following tech on the continent, you will be very unsurprised to hear that it’s coming from the world of fintech. Wave, a U.S. and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. The investment is the largest-ever Series A […]
BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion
BP Ventures, the investing arm of oil and gas giant BP, has announced a €10 million (~$11.9 million) investment in Ryd, a German in-car digital payments provider. The fresh funds will help Ryd expand its service into international markets and build out its offering, according to a statement. Ryd’s service allows users to lump together […]
Sea’s Shopee to debut in Europe with Poland launch – sources
September 7, 2021 By Fanny Potkin SINGAPORE (Reuters) – Sea Ltd’s Shopee is preparing to launch in Poland and is currently recruiting sellers, two company sources with knowledge of the matter told Reuters. The move will be the first expansion into European e-commerce for the $190 billion Singapore-headquartered technology group, whose gaming arm Garena is […]
