September 7, 2021 By Sruthi Shankar and Ambar Warrick (Reuters) – European stocks ended lower on Tuesday as caution kicked in ahead of a European Central Bank meeting later this week, while focus turned to a flurry of telecom deals led by Deutsche Telekom. The pan-European STOXX 600 index slipped 0.5% after coming close to […]
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Five challenges the Fed chief may face in the next four years
September 7, 2021 By Ann Saphir and Jonnelle Marte (Reuters) -U.S. President Joe Biden’s coming decision of whether to reappoint Federal Reserve Chair Jerome Powell after his term expires in February or hand the reins to somebody else will arrive at a critical juncture for the central bank. Progressive Democrats want the Fed to take […]
Apple to hold event on Sept 14, new iPhones expected
September 7, 2021 (Reuters) – Apple Inc said on Tuesday it would hold a special event on Sept. 14, which most industry watchers believe will be used to unveil a new line of its flagship iPhones. Since 2013, Apple has delivered new iPhones around September like clockwork. The tech giant, which launched a redesigned iPhone […]
Russian search engine delists Navalny’s tactical voting site after ban
September 7, 2021 MOSCOW (Reuters) – Russian tech firm Yandex said on Tuesday it had removed jailed Kremlin critic Alexei Navalny’s tactical voting website from its search engine to comply with a government ban ahead of a parliamentary election this month. Navalny and his allies want to use the website and a separate app to […]
Hulu is raising the price on its on-demand plans by $1 starting Oct. 8
Following last year’s price hike on its Live TV service, Hulu is now preparing to raise prices again. Starting on October 8, 2021, Hulu will raise the price for both its on-demand plans, Hulu and Hulu with No Ads. However, unlike the earlier price hike which had clocked in at $10 more per month for […]
Factbox: Who are the key figures in the new Taliban government?
September 7, 2021 By Alasdair Pal (Reuters) – The Taliban on Tuesday announced https://ift.tt/3nauZf9 key acting ministerial positions. Here are some facts about the main appointments: MOHAMMAD HASAN AKHUND, ACTING PRIME MINISTER Akhund is the longtime head of Taliban’s powerful decision-making body Rehbari Shura, or leadership council. He was first the foreign minister and then […]
Kremlin critic decries doppelgangers at St Petersburg election
September 7, 2021 ST PETERSBURG, Russia (Reuters) – Boris Vishnevsky, a veteran opposition politician, was gearing up to run in elections this month when he learned that two of his opponents would not only have the same name and surname as him, but even the same facial hair in their official portraits. The 65-year-old seeking […]
Factbox: Taliban announces makeup of new Afghan government
September 7, 2021 (Reuters) – The Taliban announced Afghanistan’s new government on Tuesday, naming Mullah Hasan Akhund, a close associate of the movement’s late founder Mullah Omar, as acting prime minister. The Taliban’s main spokesman, Zabihullah Mujahid, said all those named were holding their positions in an ‘acting’ capacity. Herewith the full list published by […]
Apple’s next event is September 14
Invites just went for Apple’s next big event, scheduled for 10AM PT/1PM ET on September 14. The invite doesn’t offer a lot in the way of what’s to come — it’s a neon logo set against a lovely sierras backdrop and an apparent The Mamas & the Papas reference in the form of “California Streaming.” Beats CaliforniPhoneication, I […]
Virtual meeting platform Vowel raises $13.5M, aims to cure meeting fatigue
Meetings are an inevitable part of the work day, but as workplaces became more distributed over the past 18 months, Vowel CEO Andy Berman says we are steadily moving toward “death by meeting.” His virtual meeting platform is the latest to receive venture capital funding — $13.5 million — with the goal of making meetings […]
Box Office: Marvel’s ‘Shang-Chi’ Crushes Labor Day Weekend Records With $90 Million
September 7, 2021 By Rebecca Rubin LOS ANGELES, Sep 7 (Variety.com) – Marvel’s “Shang-Chi and the Legend of the Ten Rings” capped off Labor Day weekend at the box office with a bang. The superhero action adventure, starring Canadian actor Simu Liu, had an even bigger debut than expected, collecting $90 million in its first […]
Driven by live streams, consumer spending in social apps to hit $17.2B in 2025
The live streaming boom is driving a significant uptick in the creator economy, as a new forecast estimates consumers will spend $6.78 billion in social apps in 2021. That figure will grow to $17.2 billion annually by 2025, according to data from mobile data firm App Annie, which notes the upward trend represents a five-year […]
Howard University cancels classes after ransomware attack
Washington D.C’s Howard University has canceled classes after becoming the latest educational institution to be hit by a ransomware attack. The incident was discovered on September 3, just weeks after students returned to campus, when the University’s Enterprise Technology Services (ETS) detected “unusual activity” on the University’s network and intentionally shut it down in order […]
Intel’s Mobileye, rental giant Sixt to launch a robotaxi service in Germany next year
Intel subsidiary Mobileye and rental car giant Sixt SE plan to launch a robotaxi service in Munich next year, the CEOs of the two companies announced Tuesday during the IAA Mobility show in Germany. The robotaxi service is leveraging all of Intel’s, and more specifically Mobileye’s, assets that have been in development or purchased in […]
IMF says crucial Chad gets debt treatment deal with private creditors
September 7, 2021 DAKAR (Reuters) – The International Monetary Fund said on Tuesday it was crucial for Chad to reach comparable terms on its debt restructuring with private creditors as it did with public creditors in June. “A credible debt restructuring process with private creditors is needed to unlock the official financing that Chad urgently […]
World, U.S. share markets come under pressure as Delta, economic worries mount
September 7, 2021 By Chris Prentice and Danilo Masoni WASHINGTON/MILAN (Reuters) – World stock markets fell from record highs and U.S. shares were mixed on Tuesday as mounting worries over the slowing pace of economic recovery and the impact of the coronavirus Delta variant overtook investors’ hopes the Federal Reserve will delay tapering. Wall Street […]
Intel says it will reserve Ireland chip factory capacity for automakers
September 7, 2021 By Stephen Nellis (Reuters) – Intel Corp on Tuesday said that it will reserve factory capacity at its semiconductor plant in Ireland for automakers and has created a program to help them transition to making chips in its factories. Intel, the biggest maker of processor chips for PCs and data centers, in […]
London takes aim at New York with five-year financial plan
September 7, 2021 By Huw Jones LONDON (Reuters) -Britain needs to ease taxes on banks and make it easier to hire staff from abroad, its financial and professional services lobby said in a blueprint to help London unseat New York as the world’s top international financial centre within five years. The strategy paper on Tuesday […]
Ted Baker enjoys sales surge as dressing up returns to fashion
September 7, 2021 (Reuters) – Upmarket fashion retailer Ted Baker’s sales surged during the second quarter as customers returned to shops after months of coronavirus restrictions in search of new clothes for socialising again. Ted Baker, which has 560 stores and concessions, pointed to a rebound in North American and UK shopping malls as consumer […]
The money is there, Volkswagen CEO says of planned battery cell push
September 7, 2021 By Jan Schwartz MUNICH (Reuters) – Volkswagen is optimistic that there are sufficient funds, internal or external, to pull off its ambitious plan to build six large battery factories across Europe with partners by the end of the decade, its chief executive said. “The required capital is available in the market. Northvolt […]
