September 6, 2021 By Swathi Nair and Mumal Rathore BENGALURU (Reuters) – The Bank of Canada is still on course to raise interest rates to 0.50% towards the end of next year, according to economists polled by Reuters, despite a surprise contraction in economic growth last quarter. Respondents surveyed Aug. 30-Sept. 3 were almost evenly […]
Texas city to offer Samsung large property tax breaks to build $17 billion chip plant
September 6, 2021 (Reuters) – The city of Taylor, Texas – one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant – plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant. Taylor is competing with Austin, Texas to land […]
Kate Hudson, Jeon Jong-seo star in tribute to outsiders ‘Mona Lisa and the Blood Moon’
September 6, 2021 By Hanna Rantala VENICE (Reuters) – Hollywood star Kate Hudson and South Korean actress Jeon Jong-seo play two outsiders on a collision course with their surroundings in Ana Lily Amirpour’s Venice Film Festival competition entry “Mona Lisa and the Blood Moon”. The fantasy adventure opens with Jeon’s mysterious Mona Lisa using supernatural […]
Tennis-McIlroy lends support to Osaka over decision to take break
September 6, 2021 (Reuters) – Golfer Rory McIlroy has backed Naomi Osaka’s decision to take a break from tennis following the Japanese world number three’s elimination from the U.S. Open last week, saying that it was important that athletes did not let results define them. A tearful Osaka told reporters that she would be taking […]
BMW CEO expects chip supply to remain tight for another 6-12 months
September 6, 2021 MUNICH (Reuters) – BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon. “I expect that the general tightness of the supply chains will continue in the next 6 to 12 months,” he […]
Germany condemns Belarus oppositionists’ sentencing
September 6, 2021 BERLIN (Reuters) – Germany condemned the decision of a Belarusian court to sentence protest leader Maria Kolesnikova to 11 years in prison, saying it showed how rule of law in the country was bent in the service of Alexander Lukashenko’s government. German foreign ministry spokesperson Andrea Sasse said Kolesnikova and her fellow […]
Spain’s economy minister sees minimum wage hike being approved in Sept
September 6, 2021 MADRID (Reuters) – Improving economic conditions should allow Spain to approve a long-awaited minimum wage hike in September, the economy minister said on Monday, bringing an end to months of back and forth between unions and businesses. The “limited” increase would come into force as early as October, Economy Minister Nadia Calvino […]
Talk now, act later: Five questions for the ECB
September 6, 2021 By Dhara Ranasinghe and Saikat Chatterjee LONDON – European Central Bank officials are back from their summer break and with the hawks pushing for a slowdown in bond buying, Thursday’s meeting could prove a key market event. Chief economist Philip Lane believes it’s too early for the ECB to lay out plans […]
China’s Great Wall to launch electric car and hybrid SUV in Europe in 2022
September 6, 2021 By Nick Carey MUNICH (Reuters) – Great Wall Motor will launch an electric compact car and a plug-in hybrid SUV in Europe in 2022, it said on Monday, joining a growing number of Chinese carmakers trying their luck on the continent with low or zero-emission vehicles. The company said at the IAA […]
Phone blackout, crackdown on kidnappers reported in northwest Nigeria
September 6, 2021 MAIDUGURI, Nigeria (Reuters) – Mobile telephone networks were shut down in the northwestern Nigerian state of Zamfara, residents said on Monday, amid reports that authorities had ordered a blackout while they tackled armed gangs of kidnappers terrorising the area. Two residents of Zamfara, reached by phone after they travelled to neighbouring Sokoto […]
Uneasy calm in Guinea after President Conde’s apparent ouster
September 6, 2021 By Saliou Samb CONAKRY (Reuters) – Uneasy calm returned to the streets of Guinea’s capital Conakry on Monday, as its citizens awaited the announcement of a new government after the apparent overthrow of President Alpha Conde by an elite army unit which drew global condemnation. The special forces summoned Conde’s ministers and […]
Belarus protest leader Kolesnikova sentenced to 11 years in jail
September 6, 2021 KYIV (Reuters) – Maria Kolesnikova, one of the leaders of mass street protests against Belarusian President Alexander Lukashenko last year, was sentenced to 11 years in prison on Monday, the state-run Belta news agency and the Belarusian opposition reported. Kolesnikova, 39, was detained after ripping up her passport to prevent Belarusian security […]
German ambassador to China dies two weeks into the job
September 6, 2021 By Yew Lun Tian BEIJING (Reuters) – Germany’s ambassador to China Jan Hecker died suddenly, less than two weeks after taking up his post, the European nation’s foreign office said on Monday. Hecker, 54, a foreign policy adviser to Chancellor Angela Merkel, had presented his credentials at China’s foreign ministry on Aug. […]
Taliban tells Berlin it will welcome German companies, aid
September 6, 2021 BERLIN (Reuters) – The Taliban would welcome German investment in Afghanistan and help in areas including humanitarian aid, health care, education and infrastructure, the group’s spokesman told Bild newspaper. The Taliban took power in Afghanistan last month as foreign forces pulled out after a 20-year mission, and the country is facing an […]
Turkey optimistic inflation will drop below 10% by end of 2022
September 6, 2021 By Ezgi Erkoyun and Daren Butler ISTANBUL (Reuters) – Turkey expects inflation to fall to 16.2% by the end of the year and hit 9.8% by the end of 2022, according to government forecasts published late on Sunday that analysts said were optimistic and showed its emphasis on economic growth over battling […]
Ryanair ends talks with Boeing on large 737 MAX 10 order
September 6, 2021 DUBLIN (Reuters) – Ryanair has ended talks with Boeing on a major new order for Boeing 737 jets due to a disagreement over pricing, the Irish airline said on Monday. Ryanair is already the largest European customer for the 737 MAX, with 210 firm orders of the 197-seat MAX 8-200 model. In […]
Mexican officials cut off new migrant caravan, breaking up main group
September 6, 2021 By Jose Torres HUIXTLA, Mexico (Reuters) – Mexican security and migration officials early on Sunday blocked the passage of a new migrant caravan, detaining several people, as the government moved to break up the group just a day after it set off from southern Mexico for the United States. At around 5 […]
Rally marks 1,000 days since China detained two Canadians amid Huawei dispute
September 6, 2021 (Reuters) – Supporters of two Canadians accused of spying and held in prison in China for 1,000 days rallied on Sunday, demanding their release in a case that has soured diplomatic ties between Ottawa and Beijing. Businessman Michael Spavor and former diplomat Michael Kovrig were detained in December 2018, shortly after Canada […]
Soccer-PSG sign two-year deal with fashion house Dior
September 6, 2021 PARIS (Reuters) – Paris St Germain said on Monday they had signed a two-year partnership deal with fashion house Christian Dior. PSG said Dior would design their official wardrobe, and that the partnership marked the first time Dior had signed a deal in this way with a sports club. Kim Jones, artistic […]
Japanese automakers’ China car sales tumbled in August
September 6, 2021 BEIJING (Reuters) – Japanese automakers Honda Motor, Nissan Motor and Toyota Motor saw their sales in China tumble in August as a chip shortage hit vehicle production in the world’s biggest car market. Honda said it sold 91,694 vehicles in China last month, down 38.3% from a year earlier due to the […]
