News

September 15, 2021 TOKYO (Reuters) – A Japanese brokerage industry group said on Wednesday it would review the process for setting the price of initial public offerings (IPO), responding to criticism from startups that IPO prices have often been too low and surged on market debuts. The Japan Securities Dealers Association said it would set […]

September 15, 2021 MOSCOW (Reuters) – British-based firm OneWeb launched 34 satellites into orbit from a cosmodrome in Kazakhstan, expanding its in-orbit constellation to 322 satellites, it said on Wednesday. The satellites lifted off from Kazakhstan’s Baikonur cosmodrome at 1807 GMT on Tuesday, it said in a statement. OneWeb plans to launch a total of […]

September 15, 2021 DUBLIN (Reuters) -TikTok’s lead data privacy regulator in the European Union has opened two inquiries into the Chinese-owned short-video platform related to the processing of children’s personal data and transfers of personal data to China. Ireland’s Data Protection Commission, which is lead EU regulator for many of the world’s top internet firms […]

September 15, 2021 BELFAST (Reuters) – Northern Irish police said on Wednesday they had arrested four men in relation to the 2019 killing of journalist Lyra McKee in Londonderry, whose death sparked outrage in the British-run province. The men, aged 19, 20, 21 and 33, were arrested under the Terrorism Act by officers investigating McKee’s […]

The distance between their farms and the nearest processor is key for smallholder farmers who need to process their crops. And though Nigeria’s food processing systems have a keen resemblance to the West with respect to big factories and huge economies of scale in high-demand cities, farmers still suffer from poor logistics networks. With distance […]

September 15, 2021 (Corrects to remove extraneous words from 4th paragraph) BEIJING (Reuters) -U.S. grain merchant Archer-Daniels-Midland Co said on Wednesday that it had launched a new flavour production facility in China to meet growing demand for beverages and healthy foods. The new facility – ADM Food Technology (Pinghu) Co Ltd, located in the eastern […]

September 15, 2021 MADRID (Reuters) – Fashion brand Zara owner Inditex rebounded with an 850 million euro second-quarter profit on Wednesday as sales topped pre-pandemic levels, outshining Swedish rival H&M. The world’s biggest fashion retailer’s sales bounced back and slightly surpassed the level seen before the pandemic as most stores reopened and people rushed to […]

September 15, 2021 SHANGHAI (Reuters) – China’s online food delivery giants Meituan and Ele.me both said this week they will not force couriers who do work for them to register as independent businesses, a bone of contention amid ongoing scrutiny of the food delivery sector. The promise comes as part of a broader push from […]

September 15, 2021 By Yves Herman and Gabriela Baczynska STRASBOURG, France (Reuters) -The pace of vaccination against COVID-19 must be quickened to avert “a pandemic of the unvaccinated”, the European Union’s chief executive said on Wednesday, also urging countries around the globe to step up the fight against climate change. Ursula von der Leyen’s second […]

September 15, 2021 (Reuters) – European shares slipped on Wednesday as worries about a slowing Chinese economy, declines in travel and leisure stocks and soaring UK inflation dampened sentiment in early trading. The benchmark STOXX 600 index fell 0.1% by 0711 GMT. Asian stocks tumbled after data showed China’s factory and retail sectors faltered in […]

September 15, 2021 STRASBOURG, France (Reuters) – The European Commission will re-launch a review of the European Union’s budget rules in weeks, with a view to agree on a reform by 2023, the head of the Commission Ursula von der Leyen said on Wednesday. The rules, which limit government borrowing to support the value of […]

September 15, 2021 By Marc Jones LONDON (Reuters) – Global equity index compiler MSCI is to start providing data on how much the world’s top 10,000 firms are likely to be contributing to global warning. The firm, which runs the widely-tracked $60 trillion All Country World Index, is launching Implied Temperature Rise scores, which estimate […]

September 15, 2021 MADRID (Reuters) – Fashion brand Zara owner Inditex rebounded with an 850 million euro second-quarter profit on Wednesday as sales topped pre-pandemic levels, outshining Swedish rival H&M. The world’s biggest fashion retailer’s sales bounced back and slightly surpassed the level seen before the pandemic as most stores reopened and people rushed to […]

September 15, 2021 By Fanny Potkin SINGAPORE (Reuters) – Norwegian telecom firm Telenor is selling its Myanmar operations to avoid European Union sanctions after “continued pressure” from Myanmar’s military junta to activate intercept surveillance technology, the company’s Asia head told Reuters. Telenor announced in July it would sell its Myanmar unit to Lebanese investment firm […]

September 15, 2021 (Corrects to remove extraneous words from 4th paragraph) BEIJING (Reuters) -U.S. grain merchant Archer-Daniels-Midland Co said on Wednesday that it had launched a new flavour production facility in China to meet growing demand for beverages and healthy foods. The new facility – ADM Food Technology (Pinghu) Co Ltd, located in the eastern […]

September 15, 2021 BERLIN (Reuters) – German inflation is expected to slow to 2% to 2.5% in 2022 from an estimated 3% this year, the Ifo economic institute said on Wednesday. “One-off effects will disappear at the start of 2022 as the year-earlier value-added tax cut ends and energy prices reach pre-crisis levels,” Ifo chief […]

September 15, 2021 A look at the day ahead from Dhara Ranasinghe. News that inflation came off the boil in the United States last month was a win for those in the “inflation is transitory” camp and markets cheered the news too. But not so fast. Not only was relief in equity and bond markets […]

September 15, 2021 By Ron Bousso and Simon Jessop LONDON (Reuters) – Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production. The unprecedented initiative – dubbed the Net […]

September 15, 2021 (Corrects paragraph 9 to refer to envoy by family name Zheng) By William James and Andrew MacAskill LONDON (Reuters) -The Chinese ambassador to Britain has been banned from attending an event in the British parliament because Beijing imposed sanctions on lawmakers who highlighted alleged human right abuses in Xinjiang. China placed the […]

September 15, 2021 By Krishna N. Das NEW DELHI (Reuters) – India is considering resuming exports of COVID-19 vaccines soon, mainly to Africa, as it has partly immunised a majority of its adults and supplies have surged, a source with knowledge of the matter told Reuters. India, the world’s biggest maker of vaccines overall, stopped […]