News

BitSight, a startup that assesses the likelihood that an organization will be breached, has received a $250 million investment from credit rating giant Moody’s, and acquired Israeli cyber risk assessment startup VisibleRisk for an undisclosed sum. Boston-based BitSight says the investment from Moody’s, which has long warned that cyber risk can impact credit ratings, will […]

September 13, 2021 By Tanja Daube and Alexander Ratz BERLIN (Reuters) – Germany’s Free Democrats, potential kingmakers in coalition talks after a Sept. 26 election, want to boost investment, their leader told Reuters on Monday, lowering the hurdles to a three-way coalition with the centre-left Social Democrats and Greens. FDP leader Christian Lindner said his […]

September 13, 2021 (Corrects name of military base to Adazi, not Ainazi) ADAZI MILITARY BASE, Latvia (Reuters) – The Lithuanian government said on Monday work would start this month on the first section of fence along the Belarus border aimed at keeping out migrants, a 110 km (70 miles) stretch topped with razor wire that […]

September 13, 2021 By Hyonhee Shin and Josh Smith SEOUL (Reuters) -North Korea carried out successful tests of a new long-range cruise missile over the weekend, state media said on Monday, seen by analysts as possibly the country’s first such weapon with a nuclear capability. The missiles are “a strategic weapon of great significance” and […]

September 13, 2021 MOSCOW (Reuters) – Some Russian mobile users were unable to download updates from the AppStore on Monday and Apple reported an outage, as the authorities sought to block a banned tactical voting app ahead of parliamentary elections this week. The Kremlin is cracking down on online resources linked to jailed opposition politician […]

September 13, 2021 (This Sep.3 story corrects the name to Acuity Knowledge Partners from Acute Knowledge Partners in the eighth paragraph) By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Emerging market firms have flocked to bond markets to cash in on low interest rates and have raised a record amount of money to fund expansion […]

September 13, 2021 WASHINGTON (Reuters) – The U.S. Transportation Department said it was offering $482.3 million in aviation manufacturing assistance to 313 businesses, including up to $75.5 million to Spirit AeroSystems. Congress earlier this year created a $3 billion aviation manufacturing payroll subsidy program that will cover up to half of eligible companies’ compensation costs for as […]

September 13, 2021 By Jody Godoy and Chris Prentice WASHINGTON (Reuters) -The Office of the Comptroller of the Currency (OCC), a top U.S. banking regulator, kicked off its civil trial on Monday of three former Wells Fargo & Co executives over their alleged roles in a scandal involving phony accounts at the San Francisco lender. […]

Two major private tech companies announced IPO price ranges this morning, with Toast targeting a market value of nearly $18 billion at the top end of its range and Freshworks looking to price its equity between $28 and $32 per share. TechCrunch calculates that the company would be worth around $8.9 billion at $32 per […]

September 13, 2021 By John Irish and David Lewis PARIS (Reuters) – A deal is close that would allow Russian mercenaries into Mali, extending Russian influence over security affairs in West Africa and triggering opposition from former colonial power France, seven diplomatic and security sources said.     Paris has begun a diplomatic drive to prevent […]

September 13, 2021 GENEVA (Reuters) – Many Afghans are still fleeing their homes despite a drop in violence since the Taliban seized power last month, and the number of people crossing land borders has also risen, the head of the U.N. migration agency told an aid conference on Monday. “We have launched last week a […]

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E […]

This summer, Spotify launched its live audio app and Clubhouse rival, Spotify Greenroom, with the promises of more programming to come in the months ahead to augment its then primarily user-generated live content. Today, the company is making good on that earlier commitment, with the launch of six new shows on Spotify Greenroom focused on […]

September 13, 2021 (Corrects location of morgue in lede) By Oliver Griffin SOACHA, Colombia (Reuters) -It has been a year since Carolina Hurtado rushed to a hospital morgue near Colombia’s capital to identify the bloodied body of her older brother Cristhian, but she still has no definitive answers about how he was killed.     Cristhian […]

September 13, 2021 By Jamie McGeever ORLANDO, Fla. (Reuters) – Macro hedge funds drew in huge inflows and chalked up stellar returns in the second quarter, but stubbornly low volatility and an eerie calm over financial markets since then suggest they may struggle to maintain that performance for the rest of the year. Macro funds […]

September 13, 2021 By Gertrude Chavez-Dreyfuss and Iain Withers NEW YORK/LONDON (Reuters) -The dollar climbed to a two-week peak against a basket of major currencies on Monday, as investors continued to price in expectations that the U.S. Federal Reserve could reduce its asset purchases sooner rather than later despite a surge in COVID-19 cases. The […]

September 13, 2021 By William Schomberg LONDON (Reuters) -British businesses demanded that finance minister Rishi Sunak stop raising their taxes and instead offer more help to meet the challenges of Brexit, COVID-19 and climate change when he makes major budget statements next month. The Confederation of British Industry urged Sunak to “flip business taxation on […]

September 13, 2021 (Reuters) – Billionaire Chris Hohn’s TCI Fund Management nominated four independent directors to Canadian National’s board, a day after Kansas City Southern divulged plans to accept a buyout offer from Canadian Pacific Railway Ltd. Canadian Pacific has offered $27.2 billion in a cash-and-stock deal, compared with Canadian National’s $29.6 billion offer. “We […]

September 13, 2021 By Paul Lienert and Heekyong Yang (Reuters) – General Motors Co is taking a more direct role with South Korea’s LG Corp, its longtime electric vehicle partner, in tracking down and fixing problems linked to battery fires in Chevrolet Bolts that threaten the strategic plans of both companies. At an investor conference on […]

September 13, 2021 By Francois Murphy VIENNA (Reuters) – Western powers on Monday scrapped plans for a resolution criticising Iran at the U.N. atomic watchdog after Tehran agreed to prolong monitoring of some nuclear activities, even though the watchdog said Iran made no “promise” on another key issue. The decision by the United States, France, […]