News

October 6, 2021 By Ceyda Caglayan ISTANBUL (Reuters) – Sweden’s flat-pack furniture giant IKEA is planning to move more production to Turkey to minimise problems with global supply chains and increased shipping costs, the company’s chief financial officer for Turkey said. Products it expects to make and then export from Turkey, including armchairs, bookcases, wardrobes […]

October 6, 2021 By George Obulutsa NAIROBI (Reuters) – Sub-Saharan Africa’s economy is expected to grow by 3.3% this year and 3.5% in 2022, buoyed by rising commodity prices, the lifting of some anti-coronavirus restrictions and a pick-up in global trade, a World Bank report said on Wednesday. It said sub-Saharan growth would rise to […]

October 6, 2021 By Ritvik Carvalho LONDON (Reuters) – The dollar rose on Wednesday amid jitters that surging energy prices could spur inflation and interest rate hikes, and as traders awaited U.S. jobs data for clues on the timing of Federal Reserve policy tightening. The Reserve Bank of New Zealand lifted its official cash rate […]

October 6, 2021 By Andy Bruce LONDON (Reuters) – Britain’s government bond market is showing signs of strain from the country’s energy crisis, with headlines about gas prices sparking heavy selling this week – a new development that points to growing unease over inflation expectations. There was disarray in Britain in recent days as a […]

Nintendo seems as unable to let go of its decades-old franchises as it is unwilling to stop reinventing them. But in Metroid: Dread the company has acknowledged that sometimes it really is better not to mess with a good thing. The game’s traditional approach may not move the genre forward like some recent standouts, but […]

Mindee offers an API that lets you turn raw data in a paper document into structured data. The startup is coming out of stealth mode and has raised a $14 million Series A round led by GGV Capital. Other investors in today’s funding round include Alven, Serena Capital, Bpifrance’s Digital Venture fund as well as […]

Marc Lore, who earlier this year stepped down from his role as Walmart’s head of U.S. e-commerce, is now backing a new startup in the e-commerce space called Wizard. Lore has taken on the roles of co-founder, chairman of the board and investor in Wizard, a B2B startup in the “conversational commerce” space which believes […]

Logicworks might not be a household name, but since 2012 it has been working with customers to help them move to the cloud and manage their workloads once they get there. By following that approach, the late stage startup is closing in on $100 million in revenue. Today, it announced a new Cloud Reliability Platform […]

October 6, 2021 LONDON (Reuters) -The world’s top miners on Tuesday committed to a goal of net zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said. “ICMM members’ collective commitment to net zero scope one (direct) and two (indirect) greenhouse gas emissions by 2050 is […]

October 6, 2021 BERLIN (Reuters) – German software development firm TeamViewer cut its full year guidance on Wednesday, saying the contribution from large enterprise deals grew more slowly than expected, pushing its shares more than 11% lower. The company said it now expects 2021 billings between 535 million and 555 million euros ($617-$641 million) compared […]

October 6, 2021 By Anita Komuves BUDAPEST (Reuters) – The leading candidate to spearhead the opposition challenge to Prime Minister Viktor Orban in Hungary’s parliamentary elections said on Wednesday the contest would be about “Orban or Europe”, with Hungary’s access to European Union funds at stake. In next year’s vote the nationalist Orban will, for […]

October 6, 2021 WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, allowing Americans to travel, frequent restaurants and reengage in other high-contact activities. Private payrolls increased by 568,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for August was revised lower to […]

October 6, 2021 LONDON (Reuters) – Soul and rock star Tina Turner has sold the rights to her music catalogue to music company BMG, the latest vocal artist to strike such a deal for their work. In a statement on Wednesday, BMG, owned by German media company Bertelsmann AG, said it would “be a partner […]

October 6, 2021 NICOSIA (Reuters) – A court in Cyprus on Wednesday extended the detention of a man that Israel alleges was a would-be assassin recruited by Iran to attack Israeli businesspeople on the island. The man was arrested in the Cypriot capital Nicosia on Sept. 27. Police say that when he was intercepted a […]

Spanish ride-hailing unicorn Cabify is getting into grocery deliveries as it looks to add another string to its multi-modal mobility and urban utility bow. It announced the addition of a ‘Super’ option in its app today — which is available for users in nine cities in its home market, namely: A Coruña, Alicante, Barcelona, Madrid, […]

October 6, 2021 ROME (Reuters) – A granddaughter of Italian fascist leader Benito Mussolini has won a second term as a city councillor in Rome with a much increased majority and said her success was down to her hard work, not to her family history. Standing for the far-right Brothers of Italy party, Rachele Mussolini […]

October 6, 2021 By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Quantum computer maker Rigetti & Co Inc said on Wednesday it will go public through a merger with a blank-check firm in a deal that potentially values the combined company at $1.5 billion. This is the second quantum computer hardware maker to announce going […]

October 6, 2021 By Elizabeth Piper and Kylie MacLellan MANCHESTER, England (Reuters) -Prime Minister Boris Johnson vowed to radically re-shape Britain on Wednesday, exhorting his Conservative Party faithful to help government press on with tackling regional inequality by ending “long term structural weaknesses” in the economy. In a speech to end his party’s annual conference, […]

October 6, 2021 HANOI (Reuters) – Vietnam is planning from December to reopen key tourist destinations to vaccinated visitors from countries deemed a low COVID-19 risk, the government said on Wednesday, ahead of a full resumption targeted for June next year. Vietnam imposed tight border controls at the start of the pandemic in an effort […]

October 6, 2021 DUBAI (Reuters) – Qatar’s foreign minister visited the United Arab Emirates (UAE) where he met with Abu Dhabi’s crown prince on Wednesday, state news agency WAM reported, as the two Gulf states work on improving bilateral ties after years of a bitter rivalry. Sheikh Mohammed bin Abdulrahman Al-Thani was received by the […]