News

October 7, 2021 By Ritvik Carvalho LONDON (Reuters) – The dollar held close to a 14-month high against the euro on Thursday, as a surge in energy prices raised the risk for the U.S. Federal Reserve to act sooner to normalise policy. The U.S. currency was slightly lower at $1.1563 per euro after strengthening to […]

October 7, 2021 LONDON (Reuters) -Britain’s competition regulator has scrapped its action against Ryanair and British Airways over their failure to offer refunds to passengers prevented from flying by COVID-19 restrictions, saying the legal position was unclear. During pandemic lockdowns, instead of offering refunds to those legally unable to fly, IAG-owned British Airways offered vouchers […]

Cord, a startup that offers a single API to add Slack-like collaboration features to any app, has bagged $17.5 million in Series A funding. The round — which is pegged to fund product development, including by hiring engineers, designers and product managers — was led by European VC Index. Other investors participating include NFX and […]

PideDirecto, a Mexico-based company, is developing a platform that enables local businesses in Latin America to sell directly to their consumers and deliver orders in less than 30 minutes. Hussein Fawzi and Ronni Samir launched the company with Anders Steiner and Antonio Nacoud in September 2020. Fawzi, Samir and Nacoud knew each other from Iraq […]

Luxury wholesale marketplace The Main Tab is redesigning its platform following a $1 million pre-seed raise earlier this year from serial entrepreneur Jason Bright, who is now the company’s CTO. The New York-based company is poised to launch the new website and app this fall with about 200 retailers, but has a waiting list of […]

Freelance marketplace Fiverr announced this morning that it’s acquiring Seattle-based online learning company CreativeLive for an undisclosed amount. CreativeLive is an entrepreneurial learning platform where users can attend courses on video, photography, design, business, marketing and more. Fiverr, which is an online marketplace that connects businesses with on-demand freelancers, says that the ability to gain […]

October 7, 2021 (In OCT 6 story, clarifies 200 million Swiss francs refers to sales of plant-based meat-substitute products (not sales of all plant-based products), paragraph 6) By Paul Sandle LONDON (Reuters) -Nestle is launching plant-based substitutes for egg and shrimp that closely mirror the taste, nutrition and performance of the originals, the food group […]

October 7, 2021 (Reuters) – United Airlines said on Thursday it plans to operate more than 3,500 domestic flights in December, its largest domestic schedule since the start of the pandemic, seeking to capitalize on pent-up holiday season demand from travelers who did not see friends and family last year. The U.S carrier said holiday […]

October 7, 2021 By Eric M. Johnson SEATTLE (Reuters) – Twenty years ago, just days before the 9/11 attacks on the United States crippled the aerospace industry, Boeing Co moved its headquarters from its historic Seattle manufacturing hub to a stylish downtown Chicago skyscraper. The move was central to Boeing’s plan to forge a new […]

October 7, 2021 By Stephanie van den Berg THE HAGUE (Reuters) -Leaders of the Kosovo Liberation Army (KLA) veterans’ association pleaded not guilty at a war crimes tribunal on Thursday to charges of obstruction and intimidation for allegedly revealing names of protected witnesses. Prosecutors allege Hysni Gucati and Nasim Haradinaj, who run the association, gave […]

October 7, 2021 (Reuters) -Conagra Brands Inc raised its annual forecast for organic net sales and topped quarterly result expectations on Thursday, as the Slim Jim beef jerky maker’s move to increase prices for its frozen meals and snacks cushioned the blow of rising raw material costs. Conagra, like its peers Campbell Soup Co, Kraft […]

October 7, 2021 LONDON (Reuters) – Representatives of the City of London municipal authority on Thursday voted in favour of retaining in their Guildhall ceremonial home two statues linked to the transatlantic slave trade. Councillors agreed to add plaques to statues of former Lord Mayor William Beckford and merchant John Cass to explain how they […]

Zūm, a startup that provides optimized transportation services for school-age children, has announced the close of a $130 million Series D raise, bringing its total funding to more than $200 million. The company intends to use the funds to add 10,000 new electric vehicles to its platform with the end goal of achieving 100% EVs […]

October 7, 2021 VATICAN CITY (Reuters) – Outgoing German Chancellor Angela Merkel held talks with Pope Francis on Thursday as part of a farewell visit to Italy that will also include meetings with Prime Minister Mario Draghi and her participation at a peace event at the Colosseum. Merkel and Francis, who have met several times […]

October 7, 2021 PRAGUE (Reuters) – Skoda Auto, part of Volkswagen and the Czech Republic’s biggest exporter, will significantly reduce or perhaps halt production from the week starting Oct. 18 until the end of the year due to the global shortage of chips hobbling the automotive sector. Carmakers around the world are struggling with a […]

October 7, 2021 WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell last week, but layoffs increased from a 24-year low in September in part as hospitals fired unvaccinated staff and lack of workers forced closures of facilities. Initial claims for state unemployment benefits decreased 38,000 to a seasonally adjusted […]

October 7, 2021 DUBAI (Reuters) – Talks between Iran and Saudi Arabia have gone a “good distance”, Iranian Foreign Minister Hossein Amirabdollahian told a news conference in Beirut on Thursday, referring to efforts to improve ties. Iran and Saudi Arabia, the leading Shi’ite and Sunni Muslim powers in the Middle East, have been rivals for […]

October 7, 2021 COPENHAGEN (Reuters) – Danish police said on Thursday three Danish women, who were evacuated from Syrian detention camps along with their 14 children, had been charged with aiding terrorist activities and illegally travelling to and residing in conflict zones. Danish authorities decided in May to evacuate the women, who were being held […]

October 7, 2021 CAPE TOWN (Reuters) – Archbishop Desmond Tutu, Nobel Peace Prize laureate and veteran of South Africa’s struggle against white minority rule, turned 90 on Thursday, celebrating his birthday with a low-key church service at Cape Town’s St. George’s Cathedral. Tutu, who has struggled with ill health in recent years, is often hailed […]

October 7, 2021 By Mark Hosenball WASHINGTON (Reuters) – The career diplomat U.S. President Joe Biden named to lead the Central Intelligence Agency is creating a high-level unit aimed at sharpening the agency’s focus on China, at a time of tense relations between the world’s two largest economies. CIA Director William Burns said on Thursday […]