News

October 8, 2021 BRUSSELS (Reuters) -Greece said on Friday it would investigate reports that some of its officials were illegally pushing back migrants at the border, a day after Brussels pressed it to look into the accusations. Several European media outlets reported this week that Greek and Croatian officials were illegally and sometimes violently pushing […]

Summary The statistics for the entirety of Donald Trump’s time in office are nearly all compiled. As we did for his predecessor four years ago, we present a final look at the numbers. The economy lost 2.9 million jobs. The unemployment rate increased by 1.6 percentage points to 6.3%. Paychecks grew faster than inflation. Average […]

Pets continue to be big business, and Alpha Paw is the latest to draw investor attention. The Austin-based company raised $5.2 million in Series A funding, led by Nordic Eye, after bootstrapping for the past three years. CEO Ramon van Meer took over the company in 2018 via an acquisition and is working with his […]

Guestio closed on $1.5 million in seed funding for its platform that simplifies the booking process for podcasts. Founder and CEO Travis Chappell said users can go on the platform and book guests for their shows at the click of a button in all kinds of topics and with shows big or small. Chappell is […]

October 8, 2021 LONDON (Reuters) – Adele said she recorded her upcoming fourth album to explain her divorce to her young son, as the British singer prepares to make her musical comeback. In what Vogue magazine said was her first interview in five years, the singer-songwriter described the record, which follows her 2015 Grammy Award-winning […]

October 8, 2021 ISTANBUL (Reuters) -Seven-times Formula One world champion Lewis Hamilton will take a 10-place grid penalty for the Turkish Grand Prix after Mercedes changed the engine on his car on Friday amid reliability concerns. The new internal combustion engine (ICE) exceeds the Briton’s allocation of three for the season, triggering the penalty. Hamilton […]

October 8, 2021 By Huw Jones LONDON (Reuters) – Banks must show from 2025 how their trading operations could be shut down in a crisis without spreading contagion across markets, the Bank of England proposed on Friday. Since the global financial crisis in 2008-09, banks must have plans vetted by regulators showing how collapsing operations […]

October 8, 2021 By Akira Tomoshige OSAKA, Japan (Reuters) – Yoshio Kinoshita is living proof that you can teach an old dog new tricks. The 81-year-old rides the ramps at his local skate park in the city of Osaka almost every morning, picking up tips from skateboarders decades younger than him. “They are all my […]

October 8, 2021 By Fanny Potkin SINGAPORE (Reuters) – Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, plans to launch online sales in Spain via its website and local apps, according to a social media account run by the company. The Shopee Spain account on Instagram carried a post on Friday that said Singapore-headquartered […]

October 8, 2021 By Jessica Resnick-Ault and Nichola Groom LOS ANGELES (Reuters) -The company that operates the pipeline that spilled an estimated 3,000 barrels of oil into the Pacific Ocean off California has an 800-page manual on handling an oil spill – but it is unclear whether its employees followed those procedures. Houston-based Amplify Energy […]

October 8, 2021 By Uday Sampath Kumar (Reuters) – Big global brands Pepsi and Levi Strauss told investors this week they offset inflation with price increases, but rising costs of everything from aluminum to cotton signal tighter times ahead for consumer goods companies. Freight costs and raw material prices have surged this year across industries […]

October 8, 2021 HONG KONG (Reuters) – China Evergrande Group is expected to default on its offshore bond payment obligations imminently, investment bank Moelis & Co, which has been selected as an advisor by a group of the cash-strapped developer’s bondholders said on Friday. Evergrande, which is facing one of the country’s largest defaults as […]

October 8, 2021 By Abhinav Ramnarayan and Oliver Hirt LONDON (Reuters) – Europe’s record year for initial public offerings (IPOs) is threatening to come to a juddering halt as inflation fears and concerns over a property crisis in China have soured investors’ appetite for new stock listings. Deal cancellations and postponements have started to hit […]

October 8, 2021 By Leigh Thomas PARIS (Reuters) – A global deal to ensure big companies pay a minimum tax rate of at least 15% and make it harder for them to avoid taxation is set to be finalised on Friday after Ireland, Estonia and Hungary agreed to sign up, leaving a few holdouts isolated. […]

October 8, 2021 By Tommy Wilkes LONDON (Reuters) – Stock markets slipped on Friday but held most of the previous session’s gains as investors welcomed the U.S. Senate’s temporary lifting of the debt ceiling and awaited crucial jobs data due later. The rally on Thursday has lifted global stock indexes into positive territory for the […]

October 8, 2021 By Anshuman Daga, Scott Murdoch and Andrew Galbraith SHANGHAI/SINGAPORE (Reuters) -China Evergrande Group offshore bondholders are concerned that it is close to defaulting on debt payment obligations and are demanding more information and transparency from the cash-strapped property developer, their advisers said. Evergrande, which could trigger one of China’s largest defaults as […]

October 8, 2021 By Sonali Paul and Roslan Khasawneh SINGAPORE (Reuters) -Oil prices rose on Friday, and were on track for gains of nearly 5% this week, on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the U.S. government would release oil from its strategic reserves for now. […]

October 8, 2021 (Reuters) – Indonesia and Thailand will ask the World Anti-Doping Agency (WADA) to reconsider its decision to declare them non-compliant, representatives of the two countries said on Friday. WADA announced on Thursday that the National Anti-Doping Agencies (NADOs) of North Korea and Indonesia were ruled to be non-compliant for not implementing effective […]

October 8, 2021 By Chen Aizhu and Sonali Paul (Reuters) – China ordered miners in Inner Mongolia to ramp up coal production and oil prices jumped on Friday as a record surge in the cost of gas revived demand for the most polluting fossil fuels to keep factories open and homes heated. The rebound in […]

October 8, 2021 CAIRO (Reuters) – Iranian foreign minister Hossein Amirabdollahian said on Friday that Saudi Arabian authorities had moved first in cutting ties between the two countries. Amirabdollahian told a news conference in Beirut that good relations between Iran and Saudi Arabia benefited the whole region. “Iran-Saudi dialogue is in the right direction and […]