News

September 9, 2021 BERLIN (Reuters) – Social media influencers who receive money from companies to promote products must clearly label such posts as advertisements, a top German court ruled on Thursday. If the influencers are not paid, they can show products without the advertising label, the Federal Court of Justice ruled in the cases of […]

September 9, 2021 (Corrects 6th paragraph to say Telstra Corp, not Telsa Inc) By Nick Carey LONDON (Reuters) -Self-driving software startup Oxbotica said on Wednesday it has teamed up AppliedEV to develop a fully autonomous multi-purpose vehicle that could be suitable for a variety of commercial uses. The first deployments of the self-driving electric vehicles […]

September 9, 2021 By Davide Barbuscia and Ebru Tuncay DUBAI (Reuters) – Dubai-listed courier Aramex, partly owned by Abu Dhabi state investor ADQ, is in advanced talks to buy Turkish delivery company MNG Kargo, three sources said. The potential deal, which one of the sources familiar with the matter said could be worth as much […]

September 9, 2021 By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Ford Motor Co. will stop making cars in India and shut down both of its plants in the country, two sources told Reuters, becoming the latest automaker to exit the market. Ford made the decision as it was not profitable for them […]

September 9, 2021 SHANGHAI (Reuters) -Chinese gaming and “metaverse”-related shares skidded on Thursday, dragged down by an ongoing regulatory squeeze that has engulfed industries ranging from online platforms and entertainment to for-profit tutoring and real estate. In the latest blow to China’s online gaming sector, the South China Morning Post reported on Thursday afternoon that […]

September 9, 2021 By Andrea Shalal WASHINGTON (Reuters) – Top officials from the United States and European Union will meet in Pittsburgh, Pennsylvania on Sept. 29 for the inaugural meeting of the newly established U.S.-EU Trade and Technology Council (TTC), a White House spokesperson said on Thursday. The council, announced at the U.S.-EU summit in […]

September 9, 2021 BEIJING (Reuters) -China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy. The producer price index (PPI) rose 9.5% from a year earlier in August, the National Bureau of Statistics […]

September 9, 2021 By Paulina Duran SYDNEY (Reuters) – Crown Resorts’ auditor on Thursday warned that numerous money-laundering probes into the Australian casino operator and the impact of the COVID-19 pandemic cast “material” uncertainty over the company’s ability to continue as a going concern. Crown has been embroiled in legal battles and scandal since allegations […]

September 9, 2021 NEW YORK (Reuters) – World number one Novak Djokovic saw off Matteo Berrettini in the quarter-finals of the U.S. Open on Wednesday then swatted away questions about his bid to become the first man since Rod Laver in 1969 to sweep all four majors in the same calendar year. Djokovic overcame a […]

September 9, 2021 LONDON (Reuters) – Spending on payment cards in Britain rose sharply last week to 99% of its pre-pandemic level, up from 93% in the previous week, the Office for National Statistics said on Thursday. Job adverts listed by online portal Adzuna rose to 128% of their February 2020 level as of Sept. […]

September 9, 2021 By Clare Baldwin and Andrew Galbraith SHANGHAI/HONG KONG (Reuters) -Indebted China Evergrande Group’s shares and bonds came under fresh pressure on Thursday after reports that it would suspend interest payments due on loans to two banks later this month, and also payments to its wealth management products. Regulators have warned that Evergrande’s […]

September 9, 2021 By Huw Jones LONDON (Reuters) – Accountants KPMG said on Thursday it had become one of Britain’s first companies to set a target for staff from working class backgrounds to help close a pay gap and diversify its workforce. Companies are already taking steps to diversify by increasing the number of women […]

September 9, 2021 By Scott Murdoch and Anshuman Daga HONG KONG (Reuters) – E-commerce and gaming company Sea Ltd is looking to raise $6.3 billion in a share and convertible bond sale in Southeast Asia’s largest ever capital raising, tapping growing investor interest in the region. This is the second major fund raising in less […]

Microsoft has entered a “multi-year strategic alliance” with Oyo to work with the Indian startup to co-develop “next-generation” travel and hospitality products and tech. Thursday’s announcement confirms a late July TechCrunch report. TechCrunch had reported that Microsoft was in talks to invest in Oyo and was exploring ways to provide its technologies to the Indian […]

September 9, 2021 (Reuters) -China has temporarily suspended approval for all new online games in a bid to curb a gaming addiction among young people, the South China Morning Post reported https://bit.ly/3hiH4ee on Thursday citing people with knowledge of the matter. The decision was revealed at a meeting between Chinese authorities and industry giants Tencent […]

September 9, 2021 By Ahmed Eljechtimi RABAT (Reuters) – Morocco’s liberal RNI party has won most seats in the country’s parliamentary elections followed by another liberal party, PAM, while co-ruling moderate PJD Islamists suffered a crushing defeat, preliminary results showed on Thursday. RNI, led by billionaire agriculture minister Aziz Akhannouch, took 97 of the 395-seat […]

September 9, 2021 (Reuters) – Michael Schumacher’s wife, Corinna, said the Formula One great is “different, but he’s here” as the 52-year-old continues his rehabilitation from a brain injury suffered in a skiing accident in December 2013. The family have kept updates to a minimum since the accident and in an upcoming Netflix documentary, set […]

September 9, 2021 By Yilei Sun and Sarah White BEIJING/PARIS (Reuters) – Renault is in advanced discussions to end its joint venture to build vans with China’s state-backed Brilliance, a source close to the matter said, as the French firm overhauls its struggling Chinese operations. The tie-up dates back to 2017, when Renault and Brilliance […]

September 9, 2021 BEIJING (Reuters) – China’s business hub Shanghai city is planning to set up a data exchange to help boost efficiency in the manufacturing industry as the city seeks to promote the digitalisation of supply chains, vice mayor Wu Qing said on Thursday. Shanghai would encourage companies to share some data and also […]

September 9, 2021 By Helena Soderpalm and Praveen Paramasivam (Reuters) – U.S. lockmaker Spectrum Brands Holdings Inc has agreed to sell its hardware and home improvement division to Swedish rival Assa Abloy for $4.3 billion in cash. Shares in Assa Abloy rose 6.2% in early trade on Thursday, buoyed by the deal and the prospects […]