News

October 5, 2021 VATICAN CITY (Reuters) – Pope Francis “learned with sorrow” about the content of an investigation into sexual abuse in the French Catholic Church, a Vatican statement said on Tuesday. “First of all his thoughts go to the victims, with great sorrow, for their wounds,” the statement said, adding that the pope also […]

October 5, 2021 CAPE TOWN (Reuters) – South Africa’s biggest metalworkers union on Tuesday launched an indefinite strike, seeking pay rises and threatening to block supplies of parts to make new cars and accessories, industry and union officials said. With around 155,000 members organised in the sector, the National Union of Metalworkers of South Africa […]

October 5, 2021 By Jason Hovet PRAGUE (Reuters) – The Czech government has ditched a long tradition of frugality over the last few years by piling tax cuts and wage hikes on top of pandemic spending, putting the country’s debt on course to hit critical levels much faster than anyone expected. That leaves an unenviable […]

October 5, 2021 (Reuters) – France have named three of their 2019 winning team to defend their title at next month’s Billie Jean King Cup Finals in Prague, with Caroline Garcia, Alize Cornet and Fiona Ferro all returning to the top-seeded side. France triumphed in the 2019 edition with a team also featuring Kristina Mladenovic […]

October 5, 2021 By Ben Klayman DETROIT (Reuters) – General Motors Co on Tuesday said it will open a battery cell development center in southeast Michigan to help it drive down the cost and boost the driving range of electric vehicles with lithium ion and solid-state battery cells. The Wallace Battery Cell Innovation Center, to […]

October 5, 2021 BUCHAREST (Reuters) – Romania’s parliament toppled the nine-month old minority government of Prime Minister Florin Citu by a large majority in a vote of no-confidence on Tuesday. Romania has been in a political stalemate for a month, threatening its economic recovery and its efforts to reduce the European Union member’s large twin […]

October 5, 2021 (Corrects reference to the figure to be raised) KAMPALA (Reuters) – Telecoms firm MTN Uganda’s initial public offering is expected to raise almost double what Uganda’s capital market has raised since its inception, Keith Kalyegira, CEO of the Capital Markets Authority said on Tuesday. The Uganda Securities Exchange says it has raised […]

October 5, 2021 By Foo Yun Chee BRUSSELS (Reuters) – Facebook’s six-hour outage the previous day shows the repercussions fn relying on just a few big players and underscores the need for more rivals, EU antitrust chief Margrethe Vestager said on Tuesday. The outage prevented the company’s 3.5 billion users from accessing its social media […]

October 5, 2021 BENGALURU (Reuters) -Future Retail said on Tuesday it terminated a franchise agreement with 7-Eleven Inc to develop and operate the U.S. company’s convenience stores in India as it did not meet the targets of opening stores and payment of franchisee fees. The two companies decided to mutually terminate the agreement, which was […]

October 5, 2021 By Shreyashi Sanyal (Reuters) – U.S. equity index futures rose on Tuesday as technology shares recovered from a sharp selloff in the previous session, while economy-sensitive cyclical stocks were in favor ahead of the closely watched monthly payrolls data later in the week. High-growth stocks including Apple Inc, Amazon.com Inc, Microsoft Corp […]

Keeping a small sales business afloat in Latin America can involve long bus trips to find new products, lack of working capital and payment difficulties. These inefficiencies then trickle up to wholesalers who then have to raise costs and deadlines for deliveries. This caught the attention of second-time entrepreneurs Bruno Ballardie and Fernando Zanatta, who […]

Orca Security, an Israeli security company offering an agent-less platform for protecting cloud-based assets, secured a $550 million extension to the Series C funding round it raised seven months ago. The initial $210 million round brought the company’s valuation to over $1 billion, and the latest round boosts the valuation by 50% to $1.8 billion, […]

October 5, 2021 MOSCOW (Reuters) – Russian social networks reported a spike in activity during Monday’s global Facebook outage which Moscow officials said showed that Russia was right to develop its own sovereign internet platforms and social networks. Russia has sought for years to assert greater sovereignty over its internet segment, putting pressure on foreign […]

October 5, 2021 By Joseph White DETROIT (Reuters) – Lidar developer Ouster Inc said on Tuesday it has agreed to buy solid-state lidar startup Sense Photonics in an all-stock deal, and will set up a new automotive division to be run by Sense CEO Shauna McIntyre. Ouster said it will buy privately held Sense for […]

October 5, 2021 (Reuters) -Aerospace and defense firm General Dynamics Corp has launched two new Gulfstream aircraft, as it looks to tap a rebound in demand for business jets after the pandemic shrunk orders. The company, which introduced the jets on Monday, described the Gulfstream G800 as the longest-range aircraft in the Gulfstream fleet and […]

October 5, 2021 PARIS (Reuters) – Global talks to rewrite the rules for taxing cross-border business are at a critical phase and a compromise is possible on a minimum corporate tax rate of 15%, French Finance Minister Bruno Le Maire said on Tuesday. Until now 134 out of 140 countries in the talks had backed […]

October 5, 2021 By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden will hit the road on Tuesday to try to shift the spotlight from the wrangling within his Democratic Party over his huge social spending package to its potential benefits for Americans. Squabbling Democratic moderates and progressives dealt Biden a major […]

October 5, 2021 By Manas Mishra (Reuters) – The effectiveness of the Pfizer Inc/BioNTech SE vaccine in preventing infection by the coronavirus dropped to 47% from 88% six months after the second dose, according to data published on Monday that U.S. health agencies considered when deciding on the need for booster shots. The data, which […]

October 5, 2021 By Stelios Misinas and Alkis Konstantinidis ATHENS (Reuters) – There’s a new addition to Greece’s postal service: a fleet of yellow robots sorting through the mail. Fifty-five small, four-wheeled autonomous mobile robots — or AMR’s — powered by artificial intelligence, glide around Hellenic Post’s sorting centre in Athens, speeding up an often […]

October 5, 2021 TAIPEI (Reuters) -A group of French senators including a former defence minister will visit Taiwan this week, the island’s foreign ministry said on Tuesday, with the visit coming at a time of soaring tensions between Taipei and Beijing and despite China’s opposition. Their trip comes after China flew almost 150 warplanes https://ift.tt/3FgT9eu […]