September 7, 2021 By Ahmed Hagagy KUWAIT (Reuters) – More than 42 million old vehicle tyres dumped in Kuwait’s sands have started to be recycled, as the Gulf state tackles a waste problem that created one of the world’s largest tyre graveyards. The massive dump site was a mere 7 km (4 miles) from a […]
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Factbox-Germany’s election and the finance industry
September 7, 2021 FRANKFURT (Reuters) – Germany elects a new parliament on Sept. 26, with potential ramifications for its financial industry. Here are details on how the parties in the running to lead the next government would like to shape finance, with the Green party offering some of the most concrete proposals: GREENS Chancellor candidate: […]
Chinese FM to visit S.Korea amid stalled N.Korea talks
September 7, 2021 By Hyonhee Shin SEOUL (Reuters) – China’s foreign minister will visit South Korea next week amid stalled denuclearisation talks with North Korea, Seoul’s foreign ministry said on Tuesday. Wang Yi, who is also a state councillor, will arrive in Seoul on Sept. 14 for a two-day stay and hold talks the next […]
MLB roundup: Rays escape 6-run hole, stun Red Sox in 10
September 7, 2021 Nelson Cruz’s tiebreaking, 10th-inning single helped Tampa Bay overcome a six-run deficit Monday, sending the visiting Rays past the Boston Red Sox 11-10 in a wild Labor Day matinee. Cruz capped a three-RBI day by lining a single to right off Garrett Whitlock (7-3) to score Randy Arozarena, and pinch hitter Brandon […]
Turkey says working with Qatar, U.S. on operation of Kabul airport
September 7, 2021 ANKARA (Reuters) – Turkey is working with Qatar and the United States about operating Kabul airport and is in talks with the Taliban, Foreign Minister Mevlut Cavusoglu said on Tuesday, adding security at the airport was the main issue. Cavusoglu told broadcaster NTV that 19 Turkish technicians were in Kabul, holding talks […]
UK PM Johnson to hike taxes to pay for social care
September 7, 2021 LONDON (Reuters) – Prime Minister Boris Johnson will address lawmakers on Tuesday on his plans to fix Britain’s social care system, with many in his own party furious that he wants to pay for it by hiking taxes in a clear breach of his election pledges. After splurging on the COVID-19 pandemic, […]
Amnesty International says Syrian refugees tortured on return
September 7, 2021 BEIRUT (Reuters) – Amnesty International said on Tuesday Syrian refugees who returned home were subjected to torture, detention and disappearance by security forces, urging governments to protect them from deportation and forcible return. In a report titled “You’re going to your death” the London-based human rights group documented violations by intelligence officers […]
Indonesia records its lowest rate of positive coronavirus tests
September 7, 2021 By Stanley Widianto JAKARTA (Reuters) – Indonesia’s daily coronavirus positivity rate dropped below the World Health Organization’s (WHO) benchmark standard of 5% this week for the first time, an indicator the country’s devastating second wave could be easing. The positivity rate, or the proportion of people tested who are positive, peaked at […]
Tennis-Scrappy Sakkari survives gruelling three-setter to beat Andreescu
September 7, 2021 By Amy Tennery NEW YORK (Reuters) – Greek Maria Sakkari emerged triumphant from a gruelling three hour, 30 minute battle with former champion Bianca Andreescu at the U.S. Open on Monday, clinching a 6-7(2) 7-6(6) 6-3 victory to reach the U.S. Open quarter-finals. Sakkari helped the Canadian to an early break in […]
Marketmind: Transitory faith in transitory inflation
September 7, 2021 A look at the day ahead from Julien Ponthus. Say your economy is growing at about 5% annually, it just hit a 10-year inflation high of 3% amid labour shortages and enjoys negative yields on benchmark government bonds. Let’s add that junk-rated bonds have fallen below the economy’s inflation rate. Does this […]
Volkswagen chairman: strategic transformation might cost more
September 7, 2021 MUNICH (Reuters) – Volkswagen may have to stump up a bigger bill to fund its current transformation, the group’s supervisory board chairman said, pointing to the carmaker’s ambitious shift towards autonomous driving. “We are in a phase where substantial free cash flows are being generated. That means we can pay out good […]
European shares hover below record high, telecom stocks jump
September 7, 2021 (Reuters) – European stocks hovered below record highs on Tuesday as caution ahead of a European Central Bank meeting later this week offset gains in the telecoms sector following a Deutsche Telekom deal. The pan-European STOXX 600 index slipped 0.1% by 0719 GMT, after coming just a point below its record high […]
IFRC urges urgent global humanitarian support for Afghanistan
September 7, 2021 (Reuters) – Conflict, drought and the pandemic have rendered 18 million Afghans in need of humanitarian assistance, the International Federation of Red Cross and Red Crescent Societies (IFRC) said on Tuesday, calling for urgent international action. Foreign governments have pledged continued humanitarian support, but there is no clarity on how this help […]
Myanmar military releases hardline monk Wirathu -media
September 7, 2021 (Reuters) – Myanmar’s military authorities have freed from jail a nationalist Buddhist monk, Ashin Wirathu, after dropping sedition charges filed during the rule of the ousted government of Aung San Suu Kyi, media said. Known for his outbursts against minority Muslims, particularly the Rohingya community, the monk was also critical of Suu […]
Hong Kong to reopen China border for some residents as govt eases COVID-19 rules
September 7, 2021 HONG KONG (Reuters) – Hong Kong leader Carrie Lam said on Tuesday that some residents from China and the former Portuguese colony of Macau will be allowed to enter the city without undergoing quarantine from Sept. 15, relaxing strict border restrictions to curb COVID-19. Speaking at her weekly press conference, Lam said […]
Hyundai Motor Group unveils its hydrogen strategy, plans to offer fuel cell versions of commercial cars by 2028
Hyundai Motor Group is backing hydrogen as a top energy solution for sustainability. With its new fuel cell system that it plans to launch in the next few years, the South Korean automaker said it will provide hydrogen fuel cell versions for all its commercial vehicles by 2028. Hyundai announced its strategy for the future […]
OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says
September 7, 2021 MOSCOW (Reuters) – The head of Russia’s No. 2 oil producer Lukoil said that oil prices of $65-$75 were “comfortable” for consumers and that the OPEC+ group of leading oil-producing nations was striving to maintain that price range by regulating output. In an interview with the Kommersant newspaper published on Tuesday, Vagit […]
Toyota to spend over $13.5 billion on EV batteries by 2030
September 7, 2021 TOKYO (Reuters) – Toyota Motor Corp said on Tuesday it expects investments for development of its battery supply system and research and development to be about 1.5 trillion yen ($13.65 billion) by 2030. ($1 = 109.8500 yen) (Reporting by Tim Kelly; Editing by Himani Sarkar) Source Link Toyota to spend over $13.5 […]
Ted Baker sales jump as easing curbs revive dressing to the nines
September 7, 2021 (Reuters) – Upmarket fashion retailer Ted Baker Plc on Tuesday said second-quarter sales surged 50% as the lifting of COVID-19 restrictions in the UK boosted demand for formal clothes. Retail sales during the 16-week period to Aug. 14 jumped 30% from the comparable period in crisis-hit 2020, but was still 30% below […]
UK house prices jump by 0.7% in August – Halifax
September 7, 2021 LONDON (Reuters) – British house prices rose by 0.7% in August, the biggest month-on-month rise for three months and following a 0.4% rise in July, mortgage lender Halifax said on Tuesday. In annual terms, house price growth cooled to 7.1% from 7.6% in July, the weakest reading for five months. (Reporting by […]
