October 5, 2021 By Andy Bruce LONDON (Reuters) – Britain’s economic bounce-back after coronavirus lockdowns is being hampered by problems in supply chains, a jump in inflation and the risk of a rise in unemployment, complicating the task for policymakers of steering the recovery. Former Bank of England chief economist Andy Haldane says Britain is […]
Blinken says he will have chance in Paris to discuss rebuilding French trust in US
October 5, 2021 PARIS (Reuters) – U.S. Secretary of State Antony Blinken said he would have a chance during talks in Paris on Tuesday to discuss rebuilding French trust in the United States following a row over a new Indo-Pacific security pact. Paris was infuriated last month by the announcement of the pact between the […]
Soccer-Mbappe not ruling out PSG stay, clears the air with Neymar
October 5, 2021 PARIS (Reuters) – France striker Kylian Mbappe on Tuesday fell short of saying he would leave Paris St Germain when his contract expires at the end of the season. The 22-year-old told the Ligue 1 club he wanted to join Real Madrid during the close season, only for PSG to turn down […]
Soccer-Afghan women’s team unsure about future, says skipper Mobarez
October 5, 2021 (Reuters) – The Afghanistan women’s soccer team are uncertain about their future after evacuating to Australia following the Taliban takeover https://ift.tt/3laS0NB in August, captain Shabnam Mobarez said on Tuesday. Australian evacuated https://ift.tt/3gE3Vk9 more than 50 Afghan women soccer players, athletes and their dependents after the Taliban seized control of the capital, Kabul, […]
Minister confident Ireland will join global corporate tax deal
October 5, 2021 DUBLIN (Reuters) – A senior Irish minister said on Tuesday he was confident the government would sign up to an overhaul of global corporate tax rules this week after updated proposals were circulated to negotiating countries. Ireland, the low-tax European headquarters for a number of the world’s largest multinationals, has declined to […]
German services lose momentum as catch-up effects wane, supply shortages spill over -PMI
October 5, 2021 BERLIN (Reuters) – Germany’s services sector activity continued to grow strongly in September, but the recovery from the COVID-19 pandemic lost momentum as catch-up effects are waning and more companies are affected by supply bottlenecks, a survey showed on Tuesday. IHS Markit’s final Purchasing Managers’ Index (PMI) for the services sector fell […]
World’s largest miners pledge net zero carbon emissions by 2050
October 5, 2021 LONDON (Reuters) – The world’s top miners on Tuesday committed to a goal of net zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said. “ICMM members’ collective commitment to net zero scope one (direct) and two (indirect) greenhouse gas emissions by 2050 […]
UK economic recovery steadies in Sept, price pressures mount -PMI
October 5, 2021 LONDON (Reuters) – Britain’s post-lockdown economic recovery avoided losing further momentum in September but companies increased prices at the fastest pace on record, adding to signs of rising inflation, a survey showed on Tuesday. The final reading of the IHS Markit/CIPS composite Purchasing Managers’ Index (PMI), which combines Britain’s services and manufacturing […]
Chalo raises $40 million to digitize bus commutes in India
More than a decade ago, Mohit Dubey founded CarWale, a startup that allows people to sell and buy used and new cars. But spending more than 10 years with the startup made Dubey realize that he was solving problems for just 3% of India. He wanted to try something bigger. Literally. His current venture is […]
Duterte government’s approval slides as Philippines election season starts
October 5, 2021 MANILA (Reuters) – Philippine President Rodrigo Duterte’s government suffered a slump in ratings in the third quarter, with lower approval of its handling of issues like COVID-19, inflation, crime and corruption, an opinion poll showed on Wednesday. Pulse Asia’s Sept. 6 to 11 survey was released as election season gets underway in […]
Is the UK in 1970’s-style crisis? Johnson says: ‘No’
October 5, 2021 LONDON (Reuters) – Prime Minister Boris Johnson denied on Tuesday that Britain was in crisis due to a shortage of labour or that it was facing a 1970s-style inflationary spiral. Johnson said that businesses had mainlined on low-wage imported labour for nearly 25 years and that they should now pay their workers […]
Facebook deletes some content banned in Russia, but still faces fine -report
October 5, 2021 MOSCOW (Reuters) – Facebook has complied with Russian demands to delete some banned content, but it could still face a hefty fine as it was slow to do so, the Vedomosti newspaper cited state communications regulator Roskomnadzor as saying on Monday. Russia has increased pressure on foreign tech firms in recent months […]
Report finds 216,000 children were victims of French clergy sex abuse since 1950
October 5, 2021 PARIS (Reuters) – A report into sexual abuse in the French Catholic Church has found that at least 216,000 children were victims of abuse at the hands of clergy since 1950, Jean-March Sauve, head of the commission that compiled the report, said at a news conference. (Reporting by Sudip Kar-Gupta; Writing by […]
UK is at a turning point: we want rising wages, PM Johnson says
October 5, 2021 LONDON (Reuters) – Britain’s economy is at a turning point and the government welcomes rising wages but will not return to the old approach of low investment and low skills, Prime Minister Boris Johnson said on Tuesday. “What I don’t think would be a good idea would be to go backwards to […]
UK’s Johnson: 127 drivers applied for fuel trucker visas
October 5, 2021 LONDON (Reuters) – British Prime Minister Boris Johnson said on Tuesday that 127 drivers had applied for fuel trucker visas amid an acute shortage of drivers that has strained supply chains to breaking point. Johnson told BBC TV that the haulage industry had been asked to provide the details of drivers who […]
EU leaders to discuss strategic gas reserve at summit -Commission
October 5, 2021 BRUSSELS (Reuters) – European Union leaders will discuss later in October the idea of setting up an EU strategic gas reserve and the decoupling of electricity prices from gas prices, the head of the European Commission Ursula von der Leyen said on Tuesday. Speaking to reporters in Estonia, von der Leyen said […]
Inflation will abate as supply meets demand, says UK PM Johnson
October 5, 2021 LONDON (Reuters) – Inflationary pressures will abate as supply improves to meet demand, British Prime Minister Boris Johnson said on Tuesday. Asked during an interview on LBC about the risks of inflation due to the government’s push towards higher wages, Johnson said: “What you are seeing is demand, growing demand sucking in […]
MTN Uganda IPO to raise about $1.2 billion – regulator
October 5, 2021 KAMPALA (Reuters) – Telecoms firm MTN Uganda’s initial public offering is expected to raise about $1.2 billion, Keith Kalyegira, Chief Executive Officer of the Capital Markets Authority said on Tuesday. MTN Uganda said earlier it had approval to list 20% of its shareholding. (Reporting by Elias Biryabarema; Writing by George Obulutsa; Editing […]
Marketmind: Not nice out there
October 5, 2021 A look at the day ahead from Sujata Rao. Inflation? Reflation? Stagflation? Whichever ultimately turns out to be correct, markets are running scared, with world stocks at the lowest since July and some 6% off the record highs hit a month ago. Brent crude has hit new three-year highs above $80 a […]
Banks, Infineon help European stocks buck global gloom
October 5, 2021 (Reuters) – European stocks edged higher on Tuesday, as rising bank stocks and an encouraging earnings update from German chipmaker Infineon calmed nerves following a tech-fuelled selloff on Wall Street. The pan-European STOXX 600 index gained 0.5% by 0711 GMT, after closing at its lowest level since July 21 in the previous […]
