October 4, 2021 (Reuters) – Alternative investment firm Summit Partners said on Monday it had raised $8.35 billion for its eleventh U.S. growth equity fund. Summit Partners Growth Equity Fund XI will target minority and majority investments of $75 million to $500 million, primarily in “profitable, category-leading growth companies”, the investment firm said. The fund […]
WTO hikes trade growth forecasts for 2021 and 2022
October 4, 2021 GENEVA (Reuters) – The World Trade Organization revised up its forecasts for growth of global goods trade this year and in 2022, but warned of a two-track recovery and downside risks from the COVID-19 pandemic and supply chain problems. The WTO said on Monday it expected merchandise trade would grow this year […]
Analysis-Peru’s Las Bambas standoff tests Castillo’s mining reform pledges
October 4, 2021 By Marcelo Rochabrun LIMA (Reuters) – Peru’s new socialist government swept to power pledging to strike a new deal with the copper mining sector and redistribute profits to Andean communities like those around the huge Las Bambas project, owned by China’s MMG Ltd. Those promises are now being tested, with protests and […]
Analysis-World Bank, IMF face long-term damage after data rigging scandal
October 4, 2021 By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Regardless of whether IMF chief Kristalina Georgieva was to blame for changes to World Bank data in 2017 that benefited China, the scandal has dented the research reputations of both institutions, former staff, government officials and outside experts say. The damage from the […]
Biden struggles to secure his ‘New Deal’ to transform U.S. economy
October 4, 2021 By Trevor Hunnicutt, Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) – Last October, presidential candidate Joe Biden flew to Warm Springs, Georgia just days before the national election, to compare his ambitions with those of the United States’ longest-serving president. Franklin Delano Roosevelt “would come back to Warm Springs often to think […]
Bennett aide accuses Iran of attempting attack on Israelis in Cyprus
October 4, 2021 JERUSALEM (Reuters) – Israel accused Iran on Monday of orchestrating an attempted attack against Israelis in Cyprus after police on the island said an armed individual had been arrested. “This was a terrorist incident directed by Iran against Israeli businesspeople living in Cyprus,” Matan Sidi, spokesman for Israeli Prime Minister Naftali Bennett, […]
Taliban say forces destroy Islamic State cell hours after Kabul blast
October 4, 2021 KABUL (Reuters) – Taliban government forces destroyed an Islamic State cell in the north of Kabul late on Sunday, a spokesperson for the movement said, after a blast outside a mosque in the Afghan capital killed and wounded a number of civilians. There was no confirmation that the operation was directly connected […]
Facebook whistleblower reveals identity, says company ‘chooses profits over safety’
Steve Dent Contributor Steve Dent is an associate editor at Engadget. More posts by this contributor YouTube TV may drop 14 NBC Universal channels over a contract dispute DJI Mavic 3 drone leak details improved camera and a 46-minute flight time Internal documents published by the Wall Street Journal (WSJ) recently revealed that Facebook allowed […]
The Station: Inside the Rivian R1T and its IPO filing
Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Welp, it was an EV heavy week, starting with the Polestar SPAC and ending with the Rivian IPO filing (curses to the late Friday regulatory filing). Oh, and […]
Motor racing-Formula E reports 32% rise in TV audience for season seven
October 4, 2021 LONDON (Reuters) – The electric Formula E series saw a 32% year-on-year rise in global television audiences last season with free-to-air deals in key markets driving the growth after a pandemic-hit 2020, it reported on Monday. The city-based championship, whose biggest shareholder is telecoms group Liberty Global, said that for the first […]
Soccer-Koulibaly says Fiorentina fans racially abused him
October 4, 2021 NAPLES, Italy (Reuters) – Napoli defender Kalidou Koulibaly said that he was racially abused by a section of Fiorentina supporters following their Serie A match on Sunday. Italian newspaper Gazzetta dello Sport reported that Victor Osimhen and Andre-Frank Zambo Anguissa were also targeted after their defeat by Napoli. Alongside a photograph of […]
Made-from-CO2 concrete, lululemons and diamonds spark investor excitement
October 4, 2021 By Jane Lanhee Lee and Nia Williams (Reuters) – What do diamonds, sunglasses, high-end lululemon sportswear and concrete have to do with climate change? They can all be made using carbon dioxide (CO2), locking up the planet warming gas. And tech startups behind these transformations are grabbing investor attention. Some use bacteria. […]
Grab to take majority stake in Indonesia e-wallet OVO
October 4, 2021 SINGAPORE (Reuters) – Southeast Asian ride-hailing and payments firm Grab will more than double its stake in Indonesian e-wallet OVO to 90%, the Indonesian firm said on Monday, pending approval from regulators. Three sources with knowledge of the deal told Reuters that Grab had purchased the stakes of Indonesian conglomerate Lippo, which […]
Exclusive: U.S. Justice Department probes suspected manipulation of Platts benchmarks – sources
October 4, 2021 By Chris Prentice and Jody Godoy WASHINGTON (Reuters) – The U.S. Department of Justice is investigating suspected manipulation of energy pricing benchmarks published by S&P Global Platts, expanding the agency’s crackdown on misconduct in the global commodities market, according to four people familiar with the matter. London-based Platts is a data and […]
McDonald’s targets net zero emissions by 2050, from meat to energy
October 4, 2021 By Hilary Russ NEW YORK (Reuters) – McDonald’s Corp on Monday set a new target to cut global greenhouse gas emissions to net zero by 2050, from the beef in its burgers to the light bulbs in its restaurants. The burger chain also said it was working with the nonprofit Science Based […]
Pharmacy chains face first trial over U.S. opioid epidemic
October 4, 2021 By Nate Raymond (Reuters) – The first trial of four large pharmacy chains over the deadly U.S. opioid epidemic was set to begin on Monday, as two Ohio counties seek to convince jurors the companies are responsible for flooding their communities with addictive pain pills. The Ohio counties of Lake and Trumbull […]
Back in black: U.S. Supreme Court returns from COVID-19 telework
October 4, 2021 By Lawrence Hurley and Andrew Chung WASHINGTON (Reuters) – U.S. Supreme Court justices are set to don their black robes and sit once more behind a mahogany bench in their grand courtroom on Monday as they resume in-person oral arguments for the first time since COVID-19 pandemic disruptions started last year. In […]
Prosecutors try to reverse acquittals in Hariri blast case at Lebanon Tribunal
October 4, 2021 THE HAGUE (Reuters) – Prosecutors at the Special Tribunal for Lebanon seeking to overturn the acquittal of two men over the 2005 assassination of Lebanese former prime minister Rafik al-Hariri said on Monday there had been “fundamental errors” in the judgment. They said judges of the lower chamber had not properly assessed […]
Supporters chant ‘freedom’ at Catalan leader’s extradition heading
October 4, 2021 SASSARI, Italy (Reuters) – Catalan separatist leader Carles Puigdemont appeared in court on Monday in Sardinia where a judge will decide whether to extradite him to Spain to face sedition charges linked to Catalonia’s 2017 failed independence bid. A few dozen supporters gathered outside, waving Catalan and Sardinian flags and chanting “freedom” […]
Euro zone investor morale slumps to 6-month low
October 4, 2021 BERLIN (Reuters) – Investor morale in the euro zone fell for the third month in a row in October and hit its lowest level since April on dimming economic expectations, a survey showed on Monday. Sentix’s index for the euro zone fell to 16.9 from 19.6 in September. A Reuters poll had […]
