October 4, 2021 LONDON (Reuters) -Shares in British supermarket group Sainsbury’s rose as much as 3.7% on Monday on hopes SoftBank’s Fortress Investment, which lost out in the auction for Morrisons, may turn its attention to an even bigger player in UK grocery. Sainsbury’s stock was up 4.2 pence at 288.9 pence at 0858 GMT, […]
Lava flow thickens on La Palma after volcanic crater collapses
October 4, 2021 By Borja Suarez and Marco Trujillo LA PALMA, Spain (Reuters) – A river of red-hot lava gushing from the Cumbre Vieja volcano on Spain’s La Palma thickened on Monday, after the north side of the crater collapsed the previous night causing spectacular explosions, but authorities ruled out further evacuations. Despite the heightened […]
Two children killed in missile strikes on Yemen’s Marib – state news agency
October 4, 2021 ADEN (Reuters) -Two children were killed and 33 other civilians injured in Houthi missile strikes on Yemen’s central Marib city on Sunday, the internationally recognised government’s state news agency said. Two missiles targeted military areas in the city, residents said, while a third landed near a residential district that houses military headquarters […]
Soccer-NWSL names new executive committee following misconduct allegations
October 4, 2021 (Reuters) – The National Women’s Soccer League (NWSL) has launched a new executive committee after firing commissioner Lisa Baird following a report detailing allegations of misconduct against former North Carolina Courage head coach Paul Riley. The Athletic https://ift.tt/3F9BRjb last week outlined allegations of sexual coercion and misconduct by Riley after speaking to […]
UK’s Sunak says he does not want more tax increases
October 4, 2021 LONDON (Reuters) – British finance minister Rishi Sunak said on Monday he and Prime Minister Boris Johnson did not want to raise taxes again after a recent increase in social security contributions to help fund the health service and social care. “We made the difficult decision that we did and I think […]
European stocks add to losses on growth worries
October 4, 2021 (Reuters) – European stocks struggled on Monday after their worst weekly showing since February, held back by a growing number of risks including signs of inflation, elevated bond yields and China Evergrande’s financial troubles. The pan-European STOXX 600 index slipped 0.2% by 0718 GMT, holding near a two-month low hit in last […]
Analysis: Energy costs add to emerging central banks’ inflation headache
October 4, 2021 By Tom Arnold LONDON (Reuters) – Higher energy prices are fanning inflation in several emerging markets, testing the resolve of their central banks and risking stymieing growth in Hungary, Poland and the Czech Republic and more currency weakness in Turkey, analysts say. In a bold response to the price pressures, the Czech […]
Myanmar’s Suu Kyi requests less court time over ‘strained health’ -lawyer
October 4, 2021 (Reuters) – Myanmar’s detained former leader Aung San Suu Kyi on Monday asked a judge to reduce the frequency of her court hearings due to strained health, her lawyer said. Suu Kyi, who is on trial and attending court sessions in multiple cases, requested they each be heard every two weeks, not […]
Swedish ‘Mohammad’ cartoonist Lars Vilks killed in car crash
October 4, 2021 STOCKHOLM (Reuters) – Swedish artist Lars Vilks, who stirred worldwide controversy in 2007 with drawings depicting the Prophet Mohammad with the body of a dog, was killed in a car crash near the southern town of Markaryd on Sunday, police said. Vilks, 75, who had been living under police protection since the […]
UK’s Sunak says it’s his duty to tell Johnson not to overspend
October 4, 2021 LONDON (Reuters) – British finance minister Rishi Sunak said on Monday that part of his job was to tell Prime Minister Boris Johnson not to overspend after reports that he told Johnson he would cut up his credit card. “I think that was an old thing, but I think that’s something that […]
Volvo Cars reports 30% sales drop in September
October 4, 2021 STOCKHOLM (Reuters) – Volvo Car Group’s monthly sales fell 30.2% from a year ago in September, the Sweden-based automaker said on Monday. The company warned last month that sales volumes in the second half of 2021 could fall year-on-year after production cuts due to material shortages. (Reporting by Helena Soderpalm, editing by […]
‘We are tired’: Workers flee Vietnam’s largest city as long lockdown eases
October 4, 2021 HANOI (Reuters) – Tens of thousands of people, mostly migrant workers, left Ho Chi Minh City over the weekend as the largest metropolis in Vietnam eased a months-long COVID-19 lockdown https://ift.tt/3uGppTw, triggering fears of labour shortages and more disruption to manufacturing. The mass exodus comes as the city and its nearby industrial […]
Crisis – what crisis? British army deployed to solve fuel crisis
October 4, 2021 By Andrew Boyers HEMEL HEMPSTEAD, England (Reuters) -British military personnel in combat fatigues arrived on Monday at a BP refinery after the government ordered the army to help deliver fuel to help compensate for an acute shortage of truckers, a Reuters reporter said. Britain’s supply chains for everything from pork, petrol and […]
Tennis-Muguruza boosts WTA Finals chances with Chicago title
October 4, 2021 (Reuters) – Two-time major winner Garbine Muguruza has bolstered her chances of qualifying for the season-ending WTA Finals next month with a comeback victory over Ons Jabeur of Tunisia to claim the Chicago Fall Tennis Classic title. The Spaniard, a former world number one, was down a set and a break but […]
Marketmind: Emerging Britain
October 4, 2021 A look at the day ahead from Julien Ponthus As the Northern hemisphere autumn gets going, there is but one colour — green. The dollar is trading just below one-year highs against a basket of currencies and is heading for its best year since 2015. Speculators are piling in — latest data […]
Qantas extends Emirates alliance for another five years till 2028
October 4, 2021 (Reuters) – Australia’s Qantas Airways Ltd and Dubai-based Emirates would extend their partnership for another five years till 2028, they said on Monday, as both airlines battle with the impact of the COVID-19 pandemic on international air travel. The partnership includes integrated network collaboration with coordinated pricing, sales and scheduling, as well […]
In India’s city of silk sarees, rising prices pose risk to nascent recovery
October 4, 2021 By Manoj Kumar VARANASI, India (Reuters) – In the narrow lanes of the Hindu pilgrimage city of Varanasi, the centre of a famed silk-weaving industry, there’s little sign of the nascent economic recovery trumpeted by India’s policymakers. Sales of the heavily brocaded silk sarees made in the ancient city on the river […]
New Japan PM Kishida unveils cabinet stacked with ex-premier Abe’s allies
October 4, 2021 TOKYO (Reuters) – Incoming Japanese Prime Minister Fumio Kishida unveiled on Monday a cabinet line-up https://ift.tt/3a3pZB9 featuring allies of former Prime Minister Shinzo Abe, ensuring the influence of the latter’s conservative base. Of the 20 posts, 13 are filled by people with no prior cabinet experience, in line with Kishida’s pledge to […]
Tikehau Capital aims for around 5 billion euros of assets dedicated to tackling climate change
October 4, 2021 PARIS (Reuters) – French investment company Tikehau Capital said on Monday it was hoping to manage at least 5 billion euros ($5.8 billion) worth of assets by 2025 that would be dedicated solely to fighting climate change. Tikehau added in a statement that the plans would allow it to invest in companies […]
B Capital in talks to back Indian neobank Fi
B Capital Group, which last week co-led Indian social commerce Meesho’s $570 million funding, is in advanced stages of talks to back Bangalore-based neobank Fi (formerly known as epiFi), many aware of the talks told me. Fi offers a neobanking service for millennials in India. The startup, which early last year raised $13.2 million in […]
