October 6, 2021 BENGALURU (Reuters) – Sequoia Capital-funded Mobile Premier League (MPL) was among the first few gaming startups that began blocking access to users in the Indian state of Karnataka on Wednesday following a ban on online gaming. The law, which came into effect late on Tuesday, bans online games involving betting and wagering, […]
Cambodia PM seeks barring of duel citizenship for holders of top posts
October 6, 2021 PHNOM PENH (Reuters) – Cambodian leader Hun Sen on Wednesday ordered the justice ministry to amend the constitution to bar holders of the country’s top posts, including the prime minister, from being citizens of other nations. On his Facebook page, Hun Sen said the prime minister, upper and lower houses speakers and […]
Marketmind: Hunker down, it’s going to be one of those days
October 6, 2021 A look at the day ahead from Dhara Ranasinghe. U.S. and European bond yields are up sharply, stock market futures are deep in the red and oil is holding near multi-year highs. Yes, it’s going to be one of those days. Inflation angst continues to grip world markets with U.S. and German […]
Stablecoins to face same safeguards as traditional payments
October 6, 2021 By Huw Jones LONDON (Reuters) – Stablecoins would have to comply with the same safeguards as their more traditional competitors in payments under proposals from regulators on Wednesday as authorities get to grips with a rapidly evolving sector. Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies, or […]
Cambodia PM seeks barring of duel citizenship for holders of top posts
October 6, 2021 PHNOM PENH (Reuters) – Cambodian leader Hun Sen on Wednesday ordered the justice ministry to amend the constitution to bar holders of the country’s top posts, including the prime minister, from being citizens of other nations. On his Facebook page, Hun Sen said the prime minister, upper and lower houses speakers and […]
Tesco raises outlook and will buyback shares after strong first half
October 6, 2021 By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, raised its full-year outlook as it reported a 16.6% rise in first-half core retail profit and increased sales despite labour and supply chain disruption and tough COVID-19 related comparisons a year ago. The group said on Wednesday its strong first-half performance had enabled […]
Google wants to use AI to time traffic lights more efficiently
October 6, 2021 By Paresh Dave (Reuters) – Alphabet Inc’s Google cut fuel use and traffic delays by 10% to 20% at four locations in Israel by using artificial intelligence to optimize signal lights and it next plans to test the software in Rio de Janeiro, the company said on Wednesday. The early-phase research project […]
GN Store Nord buys gaming company Steelseries in $1.25 billion deal
October 6, 2021 COPENHAGEN (Reuters) -Danish hearing aid and headset maker GN Store Nord said on Wednesday it would acquire gaming gear company Steelseries from Nordic private equity company Axcel in a deal worth 8 billion Danish crowns ($1.25 billion). “We have for some time searched for the right way for GN to enter the […]
TUI to raise 1.1 billion euros in equity after summer bookings boost
October 6, 2021 LONDON (Reuters) -Travel company TUI Group said it would raise 1.1 billion euros ($1.27 billion) in equity to help pay down its pandemic debt, as it reported a jump in holiday bookings in late summer. Germany-based TUI has taken on loans of over 4 billion euros and been bailed out multiple times […]
European stocks skid on inflation angst as oil jumps
October 6, 2021 (Reuters) – European stocks tumbled more than 1% on Wednesday as a surge in oil prices intensified concerns over higher inflation, while investors moved out of high-growth tech stocks into banking shares. After a late-session rally on Tuesday, the pan-European STOXX 600 index fell 1.2%, with the tech sector down more than […]
Kering, Cartier launch environmental pact for watches, jewellery
October 6, 2021 PARIS (Reuters) – French luxury group Kering, Richemont’s Cartier, and the Responsible Jewellery Council have teamed up to set environmental targets for watches and jewellery activities, challenging labels in the industry to commit to them too. The move comes amid heightened scrutiny of environmental issues among consumers, especially from the younger generations, […]
Despite French push, EU leaders divided over common defence strategy
October 6, 2021 By Robin Emmott and Sabine Siebold BRDO, Slovenia (Reuters) – European Union leaders failed to overcome divisions over whether to develop an independent defence force despite anger at the chaotic withdrawal of Western forces from Afghanistan and new impetus from France after it was excluded from a U.S. geostrategic pact. Leaders meeting […]
a16z backs CoinSwitch Kuber in first India investment
Andreessen Horowitz and Coinbase Ventures have minted a new unicorn in India: CoinSwitch Kuber. The two firms have co-led a $260 million investment in the Bangalore-based cryptocurrency trading startup, valuing the young firm at $1.9 billion, they said on Tuesday. This is a16z’s first investment in India. TechCrunch reported last month — twice — that […]
Google Maps launches eco-friendly routing in the US
Google today announced that eco-friendly routes, a feature it first talked about earlier this year, is now live for iOS and Android users in the U.S., with support in Europe launching in 2022. And while this new routing option, which gives drivers the choice between the fastest and most fuel-efficient route, is clearly the highlight […]
RepAir Carbon realised fuel cell tech could be applied to CO2 capture — now they plan to scale
Existing technologies for direct air capture technologies require a lot of heat to remove the CO2, after it’s been absorbed into filters. The process to date has been laborious and often highly energy inefficient. What’s often been missing in the process has been a more efficient way of capturing CO2 in the first place. The […]
Tazah gets pre-seed funding to make Pakistan’s agriculture sector more bountiful
The founders of Tazah Technologies, a B2B agriculture marketplace in Pakistan, met while serving leadership roles at Uber subsidiary Careem. Abrar Bajwa and Mohsin Zaka bonded during long working hours as the platform dealt with COVID-19’s impact. Eventually, the two started talking about creating their own startup. When asked how they got from ride-hailing to […]
London’s finance district, steeped in slavery, confronts its past
October 6, 2021 By Carolyn Cohn and Huw Jones LONDON (Reuters) – British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many of those vessels, the people chained below deck sometimes categorized as “perishable goods”, alongside cattle, by the market’s underwriters. Lloyd’s involvement in the trans-Atlantic slave […]
German industrial orders fall more than expected in August
October 6, 2021 BERLIN (Reuters) – German industrial orders fell more than expected in August on weaker demand from abroad following two months of unusually strong gains due to major contracts, data showed on Wednesday. The figures published by the Federal Statistics Office showed orders for goods ‘Made in Germany’ were down by 7.7% on […]
Netflix to edit ‘Squid Game’ phone number after woman inundated with calls
October 6, 2021 By Sangmi Cha SEOUL (Reuters) – A South Korean woman who was deluged with thousands of prank calls and text messages after her phone number was highlighted as a key plot point in Netflix’s hit show “Squid Game https://ift.tt/3D22ODQ; may soon get some relief. Netflix and local production company Siren Pictures said […]
Bayer shares up after first trial win over Roundup
October 6, 2021 BERLIN (Reuters) – Shares in Bayer AG rose 2.5% in pre-market trade on Wednesday after the German agricultural and pharmaceuticals firm won its first trial over claims its Roundup weedkiller causes cancer. A California jury found that the herbicide was not a substantial cause of a child’s rare form of non-Hodgkin’s lymphoma, […]
