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October 6, 2021 By Mike Dolan LONDON (Reuters) -Much higher wages alone would probably not clear churning and distorted global labour markets at the moment – and for many workers, they may not even be the primary demand. If future pay growth dictates whether this year’s headline inflation spikes persist and booming demand for scarce […]

October 6, 2021 By Karin Strohecker and Scott Murdoch LONDON/HONG KONG (Reuters) – Global investors will probably demand more protection from riskier bond issuers in China and Asia by seeking higher returns and more transparency as a result of Evergrande Group’s financial woes. Suffocating under $305 billion in debt and teetering on the brink of […]

October 6, 2021 By Elizabeth Culliford WASHINGTON (Reuters) – Facebook whistleblower Frances Haugen told Congress on Tuesday that one option for making social media less harmful would be to create a dedicated regulatory agency to oversee companies like Facebook, and could have former tech workers on staff. “Right now, the only people in the world […]

October 6, 2021 By Rajesh Kumar Singh BOSTON (Reuters) -Global airlines on Monday projected a sharp reduction in industry losses next year as a multi-speed recovery from the coronavirus crisis gets under way, but revised up the financial toll inflicted by the pandemic in 2020 and 2021. The International Air Transport Association, the industry’s main […]

Favo, a Brazilian social commerce platform, closed on $26.5 million in Series A funding to continue developing its app that takes grocery orders through local social networks. Tiger Global Management led the round, with existing investors GFC, Elevar Equity, Kevin Efrusy, David Velez, FJ Labs and H2O participating. The latest round gives the company about […]

Google plans to invest up to $50 million in African early and growth-stage startups, ramping up efforts to support more businesses on the continent. Google made known its plans today in a virtual event where CEO Sundar Pichai announced the tech giant’s intention to commit $1 billion over the next five years in tech-led initiatives […]

Mariella Moon Contributor Mariella Moon is an associate editor at Engadget. More posts by this contributor FCC proposes new rules to combat SIM swapping scams ‘Pokémon Unite’ has arrived on Android and iOS Amazon has opened a 4-star store in Bluewater, a mall located just southeast of central London. And it’s not just the first […]

October 6, 2021 (Reuters) – U.S. stock index futures fell about 1% in early New York hours on Wednesday as soaring oil prices fed into fears of higher inflation, while a stalemate continued in the U.S. Congress over the government debt ceiling. Asian and European stocks fell earlier in the day as oil hit a […]

October 6, 2021 By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts’ estimates show. Operating profit for the world’s biggest memory chip and smartphone […]

October 6, 2021 BRUSSELS (Reuters) – Euro zone retail sales were weaker than expected in August, data showed on Wednesday, as consumers reined in spending on food, drinks and tobacco. Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro rose 0.3% month-on-month in August and were unchanged from a year […]

October 6, 2021 By Hyunjoo Jin, Ross Kerber and Rick Linsk SAN FRANCISCO/BOSTON (Reuters) – A contract worker has won a $137 million jury award over workplace racism against Tesla Inc, raising pressure on the electric vehicle maker whose shareholders will vote on Thursday on a proposal to review how it addresses similar complaints for […]

October 6, 2021 By Gaurav Dogra (Reuters) – Asian equities have seen heavy foreign outflows since the start of this month on concerns about China’s property sector and on expectations that major central banks would raise interest rates soon amid concerns about rising inflationary pressures. Foreigners have sold a combined net total of $3.35 billion […]

October 6, 2021 By Philip Pullella VATICAN CITY (Reuters) -The prosecution at a Vatican trial of 10 people accused of financial crimes, including a cardinal, acknowledged on Tuesday weaknesses in its case and said it was willing to return to the investigative phase to fill in gaps contested by the defence. Deputy prosecutor Alessandro Diddi […]

October 6, 2021 FRANKFURT (Reuters) – Euro zone banks continued to record a decline in soured loans in the second quarter, data showed on Wednesday, even as the European Central Bank warned that lenders are being complacent in recognising bad debt. Non-performing loans (NPL) at the bloc’s 114 biggest banks dropped to 422 billion euros […]

October 6, 2021 By Phil Stewart WASHINGTON (Reuters) – She didn’t forget the prenatal vitamins – that was one of the few things this U.S.-trained Afghan pilot could grab from her Kabul airport office before she left the country aboard an Air Force plane during the Taliban takeover. But after fleeing for her life and […]

October 6, 2021 LONDON (Reuters) – The world is one millimetre away from a deal on global corporate taxes and an agreement could be signed in Washington next week or at the G20, French Finance Minister Bruno Le Maire said on Wednesday. An updated draft of a global corporate tax overhaul has dropped “at least” […]

October 6, 2021 STOCKHOLM (Reuters) -German Benjamin List and Scottish-born David MacMillan won the 2021 Nobel Prize in Chemistry for their development of asymmetric organocatalysis, a “new and ingenious tool for molecule building”. “Organic catalysts can be used to drive multitudes of chemical reactions,” the Royal Swedish Academy of Sciences said in a statement. “Using […]

October 6, 2021 By Vassilis Triandafyllou and Angeliki Koutantou LIMNI, Greece (Reuters) – In a scorched landscape on the Greek island of Evia, crews of workers chop burnt pine trees, all that’s left from devastating summer wildfires, to set up wooden flood barriers. Walking on a thick carpet of ash and with the smell of […]

October 6, 2021 By Neil Jerome Morales MANILA (Reuters) – The only son and namesake of late Philippine dictator Ferdinand Marcos filed candidacy papers https://ift.tt/3a9fgVO for next year’s presidential election on Wednesday, offering to be a “unifying” leader to help tackle the pandemic and economic crises. Below are five things to know about Ferdinand Marcos […]

October 6, 2021 By Dawit Endeshaw ADDIS ABABA (Reuters) -Ethiopian Prime Minister Abiy Ahmed on Wednesday nominated incumbent Ahmed Shide to return as finance minister in his new cabinet, signalling a determination to stay with a course of reforms that includes privatising creaking state enterprises. He nominated Abraham Belay as minister of defence. Belay previously […]