October 1, 2021 NEW YORK (Reuters) – While he does not expect inflation to spiral out of control, Philadelphia Federal Reserve Bank President Patrick Harker said he is worried inflationary pressures may not be as transient as expected. “I am in the camp of being more worried that inflation isn’t as transient as we think,” […]
Drawings by boxing legend Muhammad Ali up for auction
October 1, 2021 By Angela Moore NEW YORK (Reuters) – A rare collection of sketches and paintings by American boxer Muhammad Ali – who loved to draw between fights – is going up for auction in New York next week. The 24-piece collection, many of them in cartoon style and some of them signed, reflect […]
Guinea swears in coup leader as interim president
October 1, 2021 By Saliou Samb CONAKRY (Reuters) – Guinea junta leader Mamadi Doumbouya was inaugurated as interim president on Friday to oversee what regional powers hope will be a short transition to constitutional rule after the Sept. 5 overthrow of president Alpha Conde. The swearing-in ceremony was held at the Mohamed V Palace in […]
Iran holds border war games amid tense relations with Azerbaijan
October 1, 2021 DUBAI (Reuters) – Iran started military exercises near its border with Azerbaijan on Friday as tensions between the two neighbours rose over issues including Baku’s relations with Tehran’s arch-enemy Israel. Iranian state media said the exercises involved armoured and artillery units, as well as drones and helicopters. They kicked off near the […]
Britain’s antiviral chief hints at interest in Merck COVID-19 pill
October 1, 2021 LONDON (Reuters) -The chair of Britain’s antivirals taskforce declined to comment directly about talks over Merck & Co Inc’s experimental oral COVID-19 drug molnupiravir, but hinted at Britain’s interest in buying the potential breakthrough pill. Taskforce chair Eddie Gray was speaking to reporters after interim clinical trial results published on Thursday showed […]
Exclusive-Afghan central bank drained dollar stockpile before Kabul fell – document
October 1, 2021 By John O’Donnell and Rupam Jain FRANKFURT/MUMBAI (Reuters) – The Afghan central bank ran down most of its U.S. dollar cash reserves in the weeks before the Taliban took control of the country, according to an assessment prepared for Afghanistan’s international donors, exacerbating the current economic crisis. The confidential, two-page brief, written […]
Turkish Red Crescent sending aid to feed displaced Afghans
October 1, 2021 ISTANBUL (Reuters) – The Turkish Red Crescent is sending aid to Afghanistan to feed internally displaced people in need amid turmoil following the Taliban’s takeover, the organisation’s head said on Friday. Half a million people have been displaced in Afghanistan in recent months, according to U.N. High Commissioner for Refugees Filippo Grandi, […]
U.S. Transportation Department says 3,700 employees furloughed
October 1, 2021 WASHINGTON (Reuters) – The U.S. Transportation Department said Friday that 3,700 employees had been temporarily furloughed after Congress failed to reauthorize surface transportation programs before a deadline that expired early Friday. A department spokesperson said the agency is “taking every step we can to mitigate the impacts of this temporary lapse in […]
Spain issues $148 million fine on rail cartel involving Siemens, Nokia
October 1, 2021 MADRID (Reuters) -Spain’s competition watchdog has fined eight companies including Siemens, Nokia and ACS a combined 127.3 million euros ($148 million) for allegedly rigging public contracts relating to rail-signalling systems. Between 2002 and 2017 the companies acted as a cartel to illegally share out contracts valued at 4.1 billion euros awarded by […]
Banksy’s ‘Girl With Balloon’ diptych up for auction for the first time
October 1, 2021 By Hanna Rantala LONDON (Reuters) – A two-part version of Banksy’s “Girl With Balloon” painting is seen fetching up to $4.75 million when it goes under the hammer for the first time at a Christie’s auction in London later this month. The rare edition, one of 25 created by the elusive British […]
Biden administration urges halt to strict Texas abortion law
October 1, 2021 By Sarah N. Lynch and Jan Wolfe (Reuters) -President Joe Biden’s administration on Friday urged a judge to block a near-total ban on abortion imposed by Texas – the strictest such law in the nation – in a key battle in the ferocious legal war over abortion access in the United States. […]
Pfizer loses lawsuit over U.S. limits on drug copay assistance
October 1, 2021 By Jonathan Stempel NEW YORK (Reuters) – A judge dismissed Pfizer Inc’s challenge to a U.S. anti-kickback law that the drugmaker said prevents it from helping Medicare patients afford two drugs that treat a sometimes fatal heart condition, but which cost $225,000 a year. In a Thursday night decision, U.S. District Judge […]
Death toll from Ecuador’s worst-ever prison riot rises to 118
October 1, 2021 QUITO/GUAYAQUIL, Ecuador (Reuters) – The death toll from Ecuador’s worst-ever prison riot rose to 118, authorities said, while police reinforcements maintained a presence on Friday at the Penitenciaria del Litoral detention center in the southern city of Guayaquil. The clashes on Tuesday, part of a rivalry between gangs fighting to control the […]
Chief Blue Origin complaint author disputes cause of termination, while the space company’s CEO does damage control
Blue Origin CEO Bob Smith wasted no time responding to allegations of a hostile work environment, sending an internal letter to employees Thursday encouraging staff to speak to him directly or via an in-house anonymous hotline with their concerns. Of course, it’s standard practice for companies like Blue Origin to prefer handling complaints internally rather […]
Al Gore puts $600M into UK Green energy-tech startup Octopus Energy Group
Former Vice President Al Gore has invested $600 million of equity into UK energy startup Octopus Energy Group via his Generation Investment Management vehicle, taking a stake of approximately 13% in the business. The investment means Octopus has attained a valuation of around $4.6 billion. Octopus has made a name for itself in energy circles […]
Last day for early-bird savings on TC Sessions: SaaS 2021
All good things must come to an end, and this proverb totally applies to our early-bird price on passes to TC Sessions: SaaS 2021. Today’s the final day you can save $100 on the price of admission, folks. Join the global SaaS community to connect, inspire, network and learn how to build a stronger startup […]
AutoLeap drives technology for car repair shops with new $18M capital infusion
Nine months after announcing a $5 million seed round, Toronto auto repair software company AutoLeap is back with $18 million in Series A funding, this time led by Bain Capital Ventures. Joining Bain in the round is existing investor Threshold Ventures, which led the seed round, to give the company $23 million in total funding. […]
Where and when to spend your recently raised dollars
The market today has a lot of activation energy, even as the pandemic continues to play out. We’re seeing ample capital, a focus on distributed investing, more first-check investors than ever before, and, fittingly, a parade of new startups. That said, momentum has a way of overwhelming even the most ambitious. For founders at the […]
U.S. construction spending flat in August
October 1, 2021 WASHINGTON (Reuters) – U.S. construction spending was unexpectedly flat in August as an increase in public sector projects was offset by weakness in the private sector. The Commerce Department said on Friday that the unchanged reading in construction spending followed a 0.3% gain in July. Construction spending increased 8.9% on a year-on-year […]
Foxconn, Lordstown Motors to pursue U.S. loan for EV factory
October 1, 2021 WASHINGTON (Reuters) – Global technology firm Foxconn and startup Lordstown Motors Corp said Friday they plan to pursue a U.S. Energy Department loan from a program to help pay for the costs of retooling a factory to build electric trucks. Foxconn agreed in principle to buy a Lordstown Motors Corp assembly plant […]
