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September 29, 2021 (Reuters) – The Federal Reserve’s massive asset purchases helped to stabilize markets at the start of the pandemic but it will “soon” be time to start reducing them, Philadelphia Fed Bank President Patrick Harker said on Wednesday. “I am in the camp that believes it will soon be time to begin slowly […]

September 29, 2021 (Reuters) -Retailers, restaurants and providers of delivery services are scrambling to hire and retain workers ahead of the all-important holiday season as they wrestle with a tight U.S. labor market. While some are offering more work hours to existing employees to ensure their stores are sufficiently staffed during the festive season, others […]

September 29, 2021 By Hyunjoo Jin CASA GRANDE, Ariz. (Reuters) – U.S. startup Lucid Group Inc said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated. The California-based Lucid began production of […]

Platforms for dentists are booming right now as many governments gradually make it harder to access dentistry via social care, especially in the UK. But the most lucrative market is cosmetic dentistry and this is where startups are often playing, such as aggregating private clinics under a simple booking platform. Toothfairy is a UK startup […]

September 29, 2021 BERLIN (Reuters) -Germany’s pro-business Free Democrats (FDP) plan further talks with the Greens on Friday before meeting the two bigger parties at the weekend about building a three-way coalition, the FDP’s secretary general said on Wednesday. Volker Wissing’s comments came after a smiling selfie of FDP and Green leaders together at an […]

September 29, 2021 (Refiles to say Expo will open on Friday) By Lisa Barrington DUBAI (Reuters) -Authorities have let people make calls over WhatsApp and other internet apps in the grounds of the Expo 2020 Dubai world fair, opening up a chink in a ban that has long frustrated businesses and residents. Most applications using […]

September 29, 2021 GENEVA (Reuters) – The United States is seeking more information on North Korea’s recent testing, including its hypersonic missile test, but remains keen to resume diplomatic talks, a senior U.S. arms control official said on Wednesday. Bonnie Jenkins, U.S. under-secretary for arms control for international security, responding to a question from Reuters, […]

September 29, 2021 CAIRO (Reuters) -Egypt’s president and visiting U.S. National Security Advisor Jake Sullivan agreed to intensify international efforts over upcoming elections in Libya at talks in Cairo on Wednesday, an Egyptian presidency statement said. President Abdel Fattah al-Sisi and Sullivan also discussed reconstruction in the Gaza Strip, the Grand Ethiopian Renaissance Dam (GERD), […]

As a general rule, I refuse to worry about how much money bankers make. They have historically done just fine, and I presume will continue to do so. In a similar manner, I don’t worry about how much money venture capitalists earn. Not really. Sure, it’s nice to figure out deal-specific returns here and there, […]

Jon Fingas Contributor Jon Fingas is a contributing writer at Engadget. More posts by this contributor Apple Wallet is getting verifiable COVID-19 vaccination cards Defense Department seeks nuclear propulsion for small spacecraft As promised, Jeep has detailed its first Grand Cherokee plug-in hybrid. The company has confirmed the Grand Cherokee 4xe will arrive in North […]

September 29, 2021 By John O’Donnell and Rupam Jain FRANKFURT/MUMBAI (Reuters) – The Afghan central bank ran down most of its U.S. dollar cash reserves in the weeks before the Taliban took control of the country, according to an assessment prepared for Afghanistan’s international donors, exacerbating the current economic crisis. The confidential, two-page brief, written […]

September 29, 2021 LONDON (Reuters) – Demand for dollars was on the rise in currency derivatives markets on Wednesday, as the last quarter of the year approached and the greenback rose to 10-month highs against its peers. Spreads on three-month euro-dollar, sterling-dollar and dollar-yen swaps were at their widest since the end of December 2020, […]

September 29, 2021 By Andrew Galbraith, Anshuman Daga and Karin Strohecker HONG KONG (Reuters) – At least some of China Evergrande’s offshore bondholders had not received a due coupon payment by the close of Asia business on Wednesday, sources said, although the cash-strapped developer reached a $1.5 billion deal to settle debt with a Chinese […]

September 29, 2021 By Sarah Young LONDON (Reuters) – BAE Systems said Tempest, the British-led project to build a new fighter jet, would sign contracts with partners Italy and Sweden by the end of this year and talks were ongoing with Japan about joining the project. BAE’s director of Future Combat Air Systems Michael Christie […]

September 29, 2021 WASHINGTON (Reuters) – Democrats and Republicans in the U.S. Senate blame each other for failing to move forward so far on a temporary suspension of the $28.4 trillion debt ceiling, in a political game of “chicken” with potentially dire economic consequences. The U.S. Treasury will exhaust its borrowing authority by Oct. 18 […]

September 29, 2021 By Patrick Werr CAIRO (Reuters) – Egypt is pushing ahead with a new project to restore historic Cairo, a sprawling but now rapidly crumbling thousand-year-old world heritage site home to many a tale in the Thousand and One Arabian Nights. The plan aims to revitalise and promote Cairo as a tourist attraction […]

September 29, 2021 By Tom Balmforth and Anton Zverev MOSCOW (Reuters) -Russian authorities have arrested the chief executive of a leading Russian cybersecurity company on suspicion of state treason, a court said on Wednesday, sending a chill through Russia’s IT and business sectors. Ilya Sachkov, 35, who founded Group IB, one of Russia’s most prominent […]

September 29, 2021 TUNIS (Reuters) – Tunisian President Kais Saied on Wednesday named a little-known professor as prime minister at a moment of grave national crisis after he seized wide powers in a move his foes called a coup. Here is a timeline of events showing Tunisia’s difficult transition to democracy after a 2011 revolution […]

David Kirichenko Contributor Share on Twitter David Kirichenko is an editor at Euromaidan Press and writes about cyberspace, digital currencies, economics and technology. Cryptocurrency may soon be used legally in Ukraine, once President Volodymyr Zelensky signs the legislation passed by Ukraine’s Parliament on September 8. This law will protect owners of virtual assets and exchange […]

September 29, 2021 By Issam Abdallah BEIRUT (Reuters) – Hundreds of relatives of victims of last year’s Beirut port explosion, some chanting and some silent, took to the streets on Wednesday angry that an investigation into the disaster had been delayed for the second time this year. Some carried miniature figures of people on death […]