News

September 14, 2021 LONDON (Reuters) -Britain said on Tuesday it was delaying the implementation of some post-Brexit import controls, the second time they have been pushed back, citing pressures on businesses from the pandemic and global supply chain strain. Britain left the European Union’s single market at the end of last year but unlike Brussels […]

September 14, 2021 By Clare Jim HONG KONG (Reuters) – China Evergrande Group has raised fresh warnings of default risks amid late payments to wealth management and trust products. The real estate giant has been scrambling to raise funds it needs to pay lenders and suppliers, with regulators and financial markets worried that any crisis […]

September 14, 2021 By Jeffrey Dastin (Reuters) – Amazon.com Inc has increased its average starting wage in the United States to more than $18 an hour and plans to hire another 125,000 warehouse and transportation workers, an executive told Reuters. The world’s largest online retailer has raised pay from around $17 since May. In some […]

September 14, 2021 By Saikat Chatterjee LONDON (Reuters) -Barely a tenth of respondents in a monthly fund manager survey expect a stronger global economy in the coming months, marking the lowest proportion since last April’s initial COVID-19 panic, Bank of America’s (BofA’s) September edition of the survey showed. Economic growth expectations are now at a […]

September 14, 2021 MANILA (Reuters) – Philippine President Rodrigo Duterte has ordered members of his cabinet to get his consent before appearing at senate investigations, fuelling accusations from activists and some politicians of an attempt to stifle scrutiny. Duterte gave the directive in a recorded televised address aired on Tuesday after he said senators probing […]

September 14, 2021 (Reuters) – The Taliban have denied that one of their top leaders has been killed in a shootout with rivals, following rumours about internal splits in the movement nearly a month after its lightning victory over the Western-backed government in Kabul. Sulail Shaheen, a Taliban spokesman, said Mullah Abdul Ghani Baradar, former […]

September 14, 2021 MOSCOW (Reuters) – Russian President Vladimir Putin will go into self-isolation after cases of the new coronavirus were detected in his entourage and will therefore not travel to Tajikistan this week for regional security meetings, the Kremlin said on Tuesday. (Reporting by Maxim Rodionov and Darya Korsunskaya; writing by Tom Balmforth; editing […]

SoftBank Group Corp. is doubling down on its commitment to Latin America. Today, the Japanese investment conglomerate is announcing the launch of the SoftBank Latin America Fund II, its second dedicated private investment fund focused on tech companies located in LatAm. SoftBank is launching the new fund with an initial $3 billion commitment. “Fund II […]

Helsinki-based VC Maki.vc is poised to reach the final close of its second fund at €100 million, with the aim to invest in seed-stage startups across Europe. The first investments from the new fund include UK-based Baseimmune (antigen discovery and vaccine design), Volare (Foodtech), and PixieRay (adaptive eyeglasses). Maki.vc’s initial ticket sizes range from €250,000 […]

The Korea Fair Trade Commission (KFTC) said on Tuesday it fined Google $177 million for abusing its market dominance in its Android operating system (OS) market. The U.S. tech company has restricted market competition by prohibiting local smartphone makers like Samsung Electronics and LG Electronics from customizing their Android OS, through Google’s anti-fragmentation agreements (AFA), […]

London-based PassFort, a SaaS provider that helps business meet compliance requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering) reporting, has closed a $16.2 million Series A led by US growth equity fund, Level Equity. The 2015-founded startup‘s existing investors OpenOcean, Episode 1 and Entrepreneur First also participated in the round. The Series […]

September 14, 2021 (Reuters) – Emma Raducanu’s U.S. Open victory is among the “greatest achievements” in women’s sport, men’s world number eight Dominic Thiem said. The 18-year-old Briton stunned the sports world https://ift.tt/3z7tctC by beating fellow teenager Leylah Fernandez to become the first qualifier to win a Grand Slam title. Raducanu also became the first […]

September 14, 2021 (Reuters) – European stocks slipped in early deals on Tuesday as caution ahead of U.S. inflation data and weakness in luxury and mining shares offset optimism around the region’s economic recovery. The pan-European STOXX 600 index was down 0.2% after a partial recovery on Monday from last week’s slump. Luxury stocks including […]

September 14, 2021 SINGAPORE (Reuters) – Singapore’s finance minister Lawrence Wong said on Tuesday companies would move their business to other places if the financial hub’s policies turned overly restrictive, which would send its small and open economy into a tailspin. “If we are not careful, decades of hard work to build up our business […]

September 14, 2021 A look at the day ahead from Julien Ponthus. Slowly but surely, global policymakers are entering a new phase of their economic response to the pandemic. The rise in inflation, for one, may persuade central banks to speed up their stimulus exit plans. U.S. consumers’ expectations for inflation are at the highest […]

September 14, 2021 By Joseph Menn and Christopher Bing (Reuters) -A cyber surveillance company based in Israel developed a tool to break into Apple iPhones with a never-before-seen technique that has been in use since at least February, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical […]

September 14, 2021 MELBOURNE (Reuters) – BHP Group on Tuesday laid out its aim to achieve net zero emissions by 2050 from the operations of its customers by working with them to cut carbon out of their processes. BHP, the world’s biggest miner, has already committed to extinguishing emissions directly from its own operations and […]

September 14, 2021 LONDON (Reuters) – Britain’s travel sector is bracing for a new wave of job cuts, with an industry trade body saying that more than two thirds of its members were planning to make redundancies shortly due to the government’s restrictive holiday rules. Airlines and travel companies have slammed Britain’s travel rules as […]

September 14, 2021 By Nora Buli and Victoria Klesty OSLO (Reuters) -Norway’s centre-left opposition parties are on course to win a majority in parliament after Monday’s election and will now negotiate how to form a coalition, with climate change and a widening wealth gap expected to be central to discussions. Conservative Prime Minister Erna Solberg […]

September 14, 2021 The San Francisco Giants clinched their first postseason berth since 2016 on Monday night, using a five-run first inning against Yu Darvish as a springboard to a 9-1 victory over the visiting San Diego Padres. Tommy La Stella led off the bottom of the first with a home run and Evan Longoria […]