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Payments made a huge shift to digital platforms during the Covid-19 pandemic — purchasing moved online for many consumers and businesses; and a large proportion of those continuing to buy and sell in-person went cash-free. Today a startup that has been focusing on one specific aspect of payments — recurring billing — is announcing a […]

September 13, 2021 By Alan Baldwin (Reuters) – Daniel Ricciardo will get to drive the 1984 NASCAR Chevrolet Monte Carlo of his late idol Dale Earnhardt Sr after winning Sunday’s Italian Formula One Grand Prix but the smiling Australian can sense a better deal. McLaren Racing boss Zak Brown, who has the original number three […]

September 13, 2021 SHANGHAI (Reuters) – As elite snowboarder Liu Jiayu trains for the 2022 Winter Olympics, it’s not just her platinum blond-streaked ponytail that stands out – she also has a colourful, personal and public social media presence, a relative rarity for Chinese athletes. Instagram pictures show her performing tricks in midair, or even […]

September 13, 2021 ISTANBUL (Reuters) – Turkish industrial output rose 8.7% year-on-year in July, much less than forecast after rebounding strongly in previous months, while the current account deficit was wider than expected, data showed on Monday. The disappointing data came after a strong run in which rebounds in consumption, exports and tourism set the […]

September 13, 2021 ISTANBUL (Reuters) – Turkey’s current account is expected to record a relatively small deficit of $570 million in July due largely to a partial recovery in tourism revenues, a Reuters poll showed on Tuesday. For the full year, the median estimate of 11 economists was a $20 billion deficit, with responses ranging […]

September 13, 2021 BERLIN (Reuters) – The German economy will pick up steam in the third quarter but business activity will cool again in the final three months of the year, the economy ministry said on Monday. Europe’s largest economy grew by 1.6% on the quarter from April to June, a weaker rebound than in […]

September 13, 2021 LONDON (Reuters) – The Bank of England’s balance sheet is likely to remain large even after it starts to unwind its 895 billion pounds of asset purchases, and to vary over the course of the economic cycle, BoE executive director for markets Andrew Hauser said on Monday. “We expect to adopt a […]

September 13, 2021 By David Shepardson WASHINGTON (Reuters) – Start-up low-cost U.S. carrier Breeze Airways said Monday it has agreed to purchase an additional 20 Airbus A220-330 aircraft as it looks to expand operations to longer flights. The 20 additional planes are on top of Breeze’s existing order of 60. Breeze will take delivery of […]

September 13, 2021 By Anshuman Daga SINGAPORE (Reuters) – Singapore’s DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1,000 by end-December and grow this by 20-30% annually for the next three years as digital tokens gain acceptability. In an interview, DBS’s senior executives said DBS Digital […]

September 13, 2021 (Reuters) – Goldman Sachs said Hurricane Ida had a larger impact on oil production than on refinery demand, causing a net “bullish” impact on U.S. and global storage levels. The investment bank, in a note dated Sept. 9, described the hit to U.S. output as “historically large” and expects almost 40 million […]

September 13, 2021 LONDON (Reuters) – Hedge fund Brevan Howard said on Monday it had hired CMT Digital Chief Executive Colleen Sullivan to lead the firm’s private and venture investments in crypto. Sullivan, who specialised in crypto-asset trading and blockchain technology investments at trading firm CMT, will also chair the investment committee of a new […]

September 13, 2021 (Reuters) – European stocks rose on Monday, with automakers, banks and oil shares driving early gains as investors counted on a strong euro zone economic recovery to outweigh global slowdown worries. The pan-European STOXX 600 index was up 0.4%, as of 0708 GMT, recovering lost ground after hitting a three-week low last […]

September 13, 2021 LONDON (Reuters) – An equity market correction of 5%-10% by the end of the year was the overwhelming consensus in a September market sentiment survey published by Deutsche Bank on Monday. According to the report, conducted from September 7-9 and covering over 550 market professionals globally, 58% of respondents said they expected […]

September 13, 2021 (Reuters) – The Indian government is looking to tax cryptocurrency trades and ecosystem in the country, news website ET Now tweeted on Monday, citing sources. The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now […]

September 13, 2021 By Michael Kahn and Jason Hovet PRAGUE (Reuters) – For Czech gun maker CZG-Ceska Zbrojovka Group, its recent acquisition of the Colt brand carries both the potential to become a major player in the global firearms market and the challenge of reviving the fortunes of a fabled U.S. name. Shares of CZG, […]

September 13, 2021 By Susanne Neumayer-Remter Tanya Wood Petra Wischgoll BERLIN/COLOGNE, Germany (Reuters) – German Chancellor Angela Merkel has become a feminist icon after 16 years in power even though the world’s most powerful woman has only belatedly accepted that label as she prepares to step down, and conceded that gender equality is still a […]

September 13, 2021 OSLO (Reuters) – Norway was voting on Monday on the final day of a parliamentary election dominated by climate change and economic inequality, with the centre-left opposition widely expected to replace a Conservative-led government that has ruled for eight years. Norway’s status as a major oil and gas producer https://ift.tt/3k59iLo has been […]

September 13, 2021 OSLO (Reuters) – Norwegians will vote on Sept. 12-13 to pick a parliament and government for the next four years, with opinion polls showing the centre-left opposition is poised to win power after eight years of Conservative-led rule. Exit polls and forecasts based on early votes will be published on Monday at […]

September 13, 2021 Cristian Arango scored twice, including a goal 20 seconds into the game, and a Real Salt Lake own goal was the difference in Los Angeles FC’s 3-2 win over visiting Real Salt Lake Sunday night in Major League Soccer at Banc of California Stadium. LAFC (8-9-6, 30 points) has 10 goals in […]

September 13, 2021 (Reuters) – The relative price valuations of Asian equities compared with their global peers are at a near 14-month low, data showed, after their lacklustre performance due to worries over slowing growth and the spread of the Delta-variant of coronavirus this year. According to Refinitiv data, the MSCI Asia-Pacific index’s forward 12-month […]