News

September 9, 2021 BEIJING (Reuters) – Chinese state media and ruling party members have rounded on several foreign brands, criticising them for misleading customers after authorities fined the Chinese unit of clothing company Canada Goose for false advertising. The dressing down comes as tension between China and Western countries has fuelled patriotism and driven some […]

September 9, 2021 (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd will close its London pilot base and review the last remaining overseas pilot bases in the United States, the airline said on Thursday, as it grapples with the impact of coronavirus. The closure comes after Cathay put the London base under review in July […]

September 9, 2021 LONDON (Reuters) -British airline easyJet said on Thursday it would raise 1.2 billion pounds ($1.7 billion) in a fully underwritten rights issue to fund its pandemic recovery, and added it had recently rejected a takeover offer. The company said it had rejected an all-share takeover approach which it believed fundamentally undervalued the […]

September 9, 2021 A look at the day ahead from Karin Strohecker. Investors are increasingly uneasy at signs central bankers in Europe and elsewhere are mulling a retreat from the easy-money policies that have provided much of the ammunition for stock market gains. So ahead of an ECB meeting where a stimulus slowdown is likely […]

September 9, 2021 PARIS (Reuters) – France will make access to birth control free for women aged up to 25 years old from January 1 onwards, in a new measure that will cost the state 21 million euros ($24.8 million) per year, French Health Minister Olivier Veran said on Thursday. The policy announcement comes as […]

Two UK tech figures are to row across the Atlantic Ocean to raise money for a charity that funds social entrepreneurs from minority backgrounds. Guy Rigby, founder and now Chair of the Entrepreneurial Services Group at Smith & Williamson, and entrepreneur, investor David Murray will raise money for UnLtd which has supported over 15,000 social […]

September 9, 2021 Vladimir Guerrero Jr. homered in the ninth inning after Teoscar Hernandez hit a tiebreaking single with two outs in the seventh as the Toronto Blue Jays ran their winning streak to seven games Wednesday night with a 6-3 victory over the host New York Yankees. With the loss, the Yankees fell from […]

September 9, 2021 (Reuters) – Ricardo Pepi scored a goal and had a hand in two others on his international debut as the United States crushed Honduras 4-1 in CONCACAF World Cup qualifying on Wednesday. The United States fell behind to Brayan Moya’s diving header in the 27th minute in San Pedro Sula and struggled […]

September 9, 2021 DUBAI (Reuters) – National Bank of Kuwait, the Gulf country’s largest lender, has given initial price guidance for six-year U.S. dollar-denominated bonds of around 115 basis points over U.S. Treasuries, a bank document showed on Thursday. Citi, JPMorgan and NBK Capital are global coordinators and BofA Securities, Goldman Sachs International, HSBC, MUFG […]

September 9, 2021 (Reuters) – European stock futures slid on Thursday, tracking Asian shares lower on concerns of slowing global growth, while expectations were running high for the European Central Bank to announce a timeline to slow down bond purchases later in the day. Futures tracking Europe’s top 50 firms were down 0.6% by 0605 […]

September 9, 2021 By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank is expected to claw back stimulus on Thursday, taking a token step towards unwinding the emergency aid put in place during the pandemic while still signalling copious support for years to come. The ECB pulled out all the stops to […]

September 9, 2021 FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday issued a more ambitious medium-term growth forecast for its Life Science unit, a supplier of materials and lab gear for the biotech industry. Life Science division revenues are now expected to grow 7% to 10% per year, excluding the effect of currencies and acquisitions, […]

September 9, 2021 LONDON (Reuters) -British supermarket group Morrisons, at the centre of a bid battle between two U.S. private equity firms, on Thursday reported a 37.1% fall in first-half profit, hurt by COVID-19 costs and lost profit in cafés, fuel and food-to-go. The group, which trails market leader Tesco, Sainsbury’s and Asda in annual […]

September 9, 2021 BEIJING (Reuters) – WeRide, a China-based autonomous driving startup, said on Thursday that it would start developing self-driving vans for urban logistics service, with automaker JMC and delivery firm ZTO Express. The Guangzhou-based startup, led by founder Tony Han, is pursuing what is known in the auto industry as a level 4 […]

September 9, 2021 By Paulina Duran SYDNEY (Reuters) – Two of Australia’s largest lenders, National Australia Bank (NAB) and Westpac, on Thursday rejected criticism that they are stymieing competition by refusing to do business with cryptocurrency providers. Many of Australia’s top financial institutions have not engaged with the sector, despite its huge growth in the […]

September 9, 2021 CANBERRA (Reuters) – Australia has taken in more than 3,500 evacuees from Afghanistan, mostly women and children, after the Taliban overran the country last month, Prime Minister Scott Morrison said on Thursday. An international airlift began on Aug. 14 as the Islamist militants arrived at the gates of Kabul, having already captured […]

September 9, 2021 JAKARTA (Reuters) – Indonesia and Australia renewed a defence pact and agreed to boost training ties among a series of joint security agreements on Thursday at a meeting in Jakarta of defence and foreign ministers of both countries. Memoranda of understanding (MOU) were signed in counter-terrorism, defence and cybersecurity, Indonesian Foreign Minister […]

September 9, 2021 By Agustinus Beo Da Costa JAKARTA (Reuters) – The death toll from a blaze that tore through an Indonesian jail has risen to 44, as authorities pledged to look at whether more inmates could receive rehabilitation for drug-related offences to ease chronic overcrowding in the prison system. Wednesday’s fire at the penitentiary […]

September 9, 2021 (Reuters) – Two hundred Americans and other foreigners who remain in Afghanistan are set to depart the war-ravaged country on charter flights from Kabul on Thursday after the new Taliban government agreed to their evacuation, a U.S. official said. The departures will be among the first international flights to take off from […]

Chinese autonomous driving company WeRide has unveiled its first cargo van, the vessel upon which it will self-drive into the world of urban logistics. WeRide will work with Chinese automobile manufacturer Jiangling Motors (JMC) and Chinese express delivery company ZTO Express to commercialize its first self-driving van at scale. The deal was signed on Wednesday […]