News

October 4, 2021 (Reuters) – Qualcomm Inc and investment firm SSW Partners said on Monday they had reached a deal to buy Swedish company Veoneer Inc for $4.5 billion in cash. (Reporting by Abhijith Ganapavaram in Bengaluru) Source Link Qualcomm, investment firm SSW Partners to buy Veoneer for $4.5 billion David Barret

October 4, 2021 STOCKHOLM (Reuters) – Swedish automotive technology group Veoneer said on Monday chipmaker Qualcomm Inc and SSW Partners, a New York-based investment partnership, had reached a definite agreement to buy it. Veoneer said in a statement on Monday that Qualcomm and SWW Partners would buy it for $37.00 per share in an all-cash […]

October 4, 2021 (This October 3 story refiles to clarify paragraph 5) By Rajesh Kumar Singh BOSTON (Reuters) – Delta Air Lines said on Sunday that its ticket sales had stabilized and started to improve, putting it on course to deliver third-quarter revenue within its original forecast for a 30%-35% drop versus corresponding 2019 levels. […]

October 4, 2021 By Tom Westbrook and Donny Kwok HONG KONG (Reuters) – China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead. Once […]

October 4, 2021 By Sujata Rao LONDON (Reuters) – World stocks were on the back foot on Monday and the dollar stayed close to one-year highs on concerns that higher inflation, supply shortages and China’s property sector woes would put global economic recovery at risk. Stock markets slipped to 2-1/2-month lows last week, following a […]

Life insurance has had a new lease of life in the era of insuretech, and today one of the companies building a business out of rethinking everything — from target customers through to how to provision and pay for insurance, and how much coverage to give — is announcing some funding on the back of […]

October 4, 2021 PARIS (Reuters) – The Paris appeals court decided to postpone its verdict over the so-called Tapie affair and the alleged involvement of Orange’s boss Stéphane Richard in a disputed payment made by the state in 2008, a judicial source said on Monday. The decision to put off the verdict follows the death […]

October 4, 2021 (This October 3 story corrects “public comment” to “public judgment” in fifth paragraph, adds statemement from U.S. Treasury spokeswoman) By David Lawder WASHINGTON (Reuters) – The International Monetary Fund’s executive board will intensify its probe of Managing Director Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured […]

The Apple Watch Series 7 debuted at the big September 14 hardware event, with a vague “fall” release date. Today, the company announced that the popular wearable will go up for preorder this Friday (October 8), with in-store available starting a week later, on the 15th, for customers in Australia, Canada, China, France, Germany, India, […]

October 4, 2021 (Reuters) – U.S. Open champion Emma Raducanu has entered next month’s WTA event in Austria, tournament organisers said on Monday as the teenaged sensation gears up for a busy end-of-the-season schedule. The WTA 1000 tournament at Indian Wells this week will be the first event for the 18-year-old Briton, who stunned the […]

October 4, 2021 WASHINGTON (Reuters) – The National Highway Traffic Safety Administration has rejected a 2019 petition to open a formal investigation into Tesla vehicle fires, according to a federal filing on Monday. (Reporting by David Shephardson; Writing by Doina Chiacu) Source Link U.S. government rejects 2019 petition to investigate Tesla vehicle fires -federal filing […]

October 4, 2021 BOSTON, Ma (Reuters) -Global airlines on Monday projected a sharp reduction in industry losses next year as a multispeed 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 trade body, predicted […]

October 4, 2021 By Leika Kihara TOKYO (Reuters) – Japan’s new Prime Minister Fumio Kishida said on Monday that tweaking the country’s financial income tax rate will be among options in addressing income disparity. In his first news conference as prime minister, Kishida also said he will consider offering cash payouts to households hit hardest […]

Blue Origin’s next passenger list will include TV and film space exploration veteran William Shatner, along with Blue Origin’s own Audrey Powers, who serves as the company’s Voice President of Mission & Flight Operations. These two will round out the four-person crew that includes previously announced passengers Chris Boshuizen and Glen de Vries, on a […]

October 4, 2021 By Helena Soderpalm and Nick Carey STOCKHOLM/LONDON (Reuters) -Geely-owned Volvo Cars plans to raise 25 billion Swedish crowns ($2.9 billion) through an initial public offering (IPO), the Swedish carmaker said on Monday of what would be one of Europe’s biggest listings this year. Volvo said it will list on the Nasdaq Stockholm […]

October 4, 2021 (Corrects quote and lead to clarify that Germany would reject a hypothetical demand) BERLIN (Reuters) -Germany would reject any Iranian demands for the United States to release frozen Iranian assets as a condition for nuclear talks to resume, Germany’s foreign ministry said on Monday. “If here new conditions are being set by […]

October 4, 2021 By Stephanie Nebehay GENEVA (Reuters) – All sides in Libya’s conflict, including Russian mercenaries, have committed violations that may include war crimes, U.N. human rights investigators said on Monday, adding that they had drawn up a confidential list of suspects. Libya has been in turmoil for a decade, with the last several […]

October 4, 2021 MANILA (Reuters) – A group of 13 high-profile organisations has urged government cooperation in a probe into alleged misuse of pandemic funds, in a challenge to President Rodrigo Duterte’s order for ministers not to answer summons for a Senate investigation. The call for compliance by the groups, among them academic, business and […]

October 4, 2021 By Alexander Smith BRACKLEY, England (Reuters) – British sailor Ben Ainslie joined forces with the Applied Science division of Formula One’s Mercedes motor racing team on Monday to launch his latest campaign to win the America’s Cup. Ainslie will skipper Britain’s challenge to holders Emirates Team New Zealand for the world’s oldest […]

As DevOps SaaS platform Esper continues to build out the category and the number of connected devices grows, the company took on another round of funding to stay ahead of demand. Just five months after announcing a $30 million Series B round, the company is back with an even bigger capital infusion — $60 million […]