News

September 14, 2021 JAKARTA (Reuters) – The Indonesian parliament’s budget committee and the government have agreed to set a 2022 economic growth target of 5.2%, roughly the midpoint of President Joko Widodo’s proposal for 5.0%-5.5%, the committee’s chair aid Abdullah said on Tuesday. The committee and the government also tentatively agreed to raise the 2022 […]

September 14, 2021 NEW DELHI (Reuters) – India’s annual wholesale price inflation rose to 11.39% in August from the previous month’s 11.16%, mainly due to increases in the cost of fuel and manufactured items, government data showed on Tuesday. Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured […]

September 14, 2021 PARIS (Reuters) – Vivendi’s Universal Music Group, the world’s largest music company, whose artists include Lady Gaga and the Rolling Stones, published its prospectus on Tuesday ahead of a 33 billion euro ($39 billion) stock market flotation this month. UMG is benefiting from a music industry rebound, underpinned by booming streaming revenues […]

September 14, 2021 MILAN (Reuters) – Italian-American vehicle maker CNH Industrial said on Tuesday it had appointed Francesco Tanzi as chief financial officer of its commercial vehicle unit Iveco after its planned spin-off early next year. CNH Industrial said in 2019 it planned to split in two and separately list its lower-margin Iveco truck and […]

Apple is set to announce new iPhone models today. The company is holding a (virtual) keynote at 10 AM PT (1 PM in New York, 6 PM in London, 7 PM in Paris). And you’ll be able to watch the event right here as the company is streaming it live. Rumor has it that there […]

India and Singapore are working to link their digital payments systems to enable “instant, low-cost fund transfers,” in a major push to disrupt cross-border transactions, the central banks of the two nations said on Tuesday. The project to link India’s Unified Payments Interface (UPI) and Singapore’s PayNow is targeted for operationalization by July 2022, Reserve […]

September 14, 2021 MELBOURNE (Reuters) – Fortescue Metals Group has reached a deal with the Wintawari Guruma Aboriginal Corporation (WGAC) to oversee development of new mines at its Solomon Hub iron ore operations in Western Australia, the groups said in a statement. The pact comes as miners revise the way they negotiate with traditional land […]

September 14, 2021 By Ron Bousso LONDON (Reuters) – BP’s head of low carbon and natural gas Dev Sanyal will leave the energy company at the end of the year, BP said on Tuesday, an unexpected departure at a time when BP seeks to rapidly grow its renewables business and shift away from oil. Sanyal, […]

Whether or not Democratic California Governor Gavin Newsom survives Tuesday’s recall election may depend to some degree on a small but vocal group of Silicon Valley power players who’ve thrown their weight behind the effort to oust him, including some who previously supported mostly Democratic politicians. To better understand what happened, we talked recently with […]

September 14, 2021 LONDON (Reuters) – British employers added record a 241,000 staff to their payrolls last month, taking the total number of payrolled employees above their level in February 2020, just before Britain first went into COVID-19 lockdown, government figures showed on Tuesday. Separate official data showed the unemployment rate was 4.6% in the […]

September 14, 2021 LONDON (Reuters) – Morrisons suitor Clayton Dubilier & Rice said it had reached agreement with the pension trustees of the British supermarket chain to provide additional security and support to the schemes, as it seeks to clinch the deal ahead of a rival bidder. Morrisons is at the centre of a bid […]

September 14, 2021 By Sangmi Cha SEOUL (Reuters) – A hit Netflix series is reigniting a debate in South Korea over the country’s massive military, its history of abuse scandals, and the mandatory conscription that fills its ranks with young men. “D.P.”, short for Deserter Pursuit, has been among the top Netflix shows in South Korea […]

September 14, 2021 MANILA (Reuters) – The Philippines’ capital region will exit wide-scale coronavirus restrictions from Thursday, as the government launches a pilot test of localised lockdowns, amid efforts to balance reopening the economy and containing the spread of the coronavirus. The localised lockdown would be accompanied by five alert levels designating the range of […]

BridgeLinx, a 9-month-old Lahore-headquartered startup that operates a digital freight marketplace, said on Tuesday it has raised $10 million in what is the largest seed financing round in Pakistan. Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ventures and Indus Valley Capital co-led the startup’s financing round, which Salman Gul, co-founder and chief executive of BridgeLinx, […]

September 14, 2021 JAKARTA (Reuters) – Indonesia has raised $1.84 billion from the sale of bonds denominated in U.S. dollars and euros, IFR reported, with part of the proceeds to be used to fund the repurchase of outstanding dollar bonds in the country’s first such offer. The Southeast Asian country sold 10-year and new 40-year […]

September 14, 2021 BEIJING (Reuters) – Chinese autonomous driving startup DeepRoute.ai said on Tuesday it raised $300 million from investors including e-commerce company Alibaba to expand its test fleet and develop technologies including self-driving trucks. Other investors in the funding round include Greater China-focused tech investor Jeneration Capital, Chinese automaker Geely and some previous investors, […]

September 14, 2021 (Reuters) – Myanmar’s Aung San Suu Kyi returned to court on Tuesday, a day after a non-appearance on health grounds, seeming relieved, but saying she was still “somewhat dizzy”, her lawyer said. Suu Kyi, 76, who is on trial over multiple charges filed since her removal in a Feb. 1 military coup, […]

Chinese search engine giant Baidu has begun publicly testing its Apollo Go robotaxi mobile platform in Shanghai, marking the company’s continued expansion of its footprint in China.  While Baidu says its robotaxis have achieved Level 4 capabilities, a human safety operator will be present during all rides, which are open to the public as of […]

September 14, 2021 (Reuters) – Pele will be moved out of intensive care in the next day or two as the Brazil soccer great continues his recovery from surgery, his daughter Kely Nascimento said. The 80-year-old, three-times World Cup winner has been in the Alberto Einstein hospital in Sao Paulo since doctors removed a tumour […]

September 14, 2021 KUALA LUMPUR (Reuters) – Malaysia’s cabinet has proposed raising the government’s statutory debt ceiling to 65% of gross domestic product, as part of measures to deal with the economic fallout of the COVID-19 pandemic, the finance minister said on Tuesday. This is the second time in as many years that the government […]