News

September 29, 2021 By Elisa Anzolin and Valentina Za MILAN (Reuters) – Mediobanca’s top investor Leonardo Del Vecchio has proposed changing the Italian merchant bank’s by-laws to give more power to its board and shareholders over executives, but said he was not pushing for management or board changes. Two years ago, Italian eyewear billionaire Del […]

September 29, 2021 By Simon Jessop LONDON (Reuters) -Funds managing nearly $30 trillion in assets called on Wednesday for 1,600 of the world’s most polluting companies to “urgently” set science-based emissions reduction targets. The 220 investors, including Fidelity International and Amundi, said they had written to CEOs of firms they invest in demanding targets that […]

September 29, 2021 MELBOURNE (Reuters) – Australia will postpone its test match against Afghanistan indefinitely this week to prompt the Asian nation to “rethink” their approach to women’s sport, Cricket Tasmania boss Dominic Baker said on Wednesday. The match against the Afghan men’s team was scheduled for Nov. 27 in Hobart. “It’ll be formally postponed […]

September 29, 2021 MADRID (Reuters) – Fans in Spain will be allowed from Oct. 1 to fill open-air stadiums up to full capacity and indoor facilities up to 80%, the Health Ministry said on Wednesday. Fans will need to keep a distance of 1.5 meters (4.92 ft)between them and wear a face mask, and will […]

September 29, 2021 By Mike Dolan LONDON (Reuters) – Cash may no longer be king, but it can still rule sometimes. With central bank interest rates at historic lows for much of the past decade, most long-term investors have found “cash is trash”, quickly burning a hole in their returns. Meanwhile, policy rates of the […]

September 29, 2021 (Reuters) – European stocks steadied on Wednesday after one of the worst market routs this year, with investors turning to defensive healthcare stocks amid lingering concerns about growth and inflation. The pan-European STOXX 600 index rose 0.8% after shedding 2.2% on Tuesday in their biggest percentage daily decline since mid-July. In a […]

September 29, 2021 HANOI (Reuters) – Vietnam’s gross domestic product contracted 6.17% in the third quarter of 2021 from a year earlier as pandemic restrictions hit, the sharpest quarterly decline on record, government data released on Wednesday showed. The services sector contracted 9.28% from a year earlier in the period, while the industrial and construction […]

September 29, 2021 By David Stanway SHANGHAI (Reuters) – China’s vast Belt and Road Initiative (BRI) is in danger of losing momentum as opposition in targeted countries rises and debts mount, paving the way for rival schemes to squeeze Beijing out, a new study showed on Wednesday. President Xi Jinping launched BRI in 2013 to […]

September 29, 2021 (Reuters) – Spain’s inflation surged to a 13-year-high in September as national consumer prices rose 4.0% year-on-year, flash data from the National Statistics Institute (INE) showed on Wednesday. The highest reading since September 2008, when the rate was 4.5%, was fuelled by energy costs and to a lesser extent by the prices […]

September 29, 2021 By David Kirton ZHUHAI, China (Reuters) – China on Wednesday revealed a drone concept similar in mission – and appearance – to the U.S.-made Kratos XQ-58A Valkyrie as countries race to invest in “loyal wingman” drones to help protect pricier crewed fighter jets. The long-range FH-97 drone concept unveiled on Wednesday can […]

September 29, 2021 By Suleiman Al-Khalidi JABER CROSSING, Jordan (Reuters) – Jordan fully reopened its main border crossing with Syria on Wednesday in a boost for their struggling economies following a push by Arab states to reintegrate a country they have shunned during its decade-long civil war. Syria, which blames Western sanctions for its economic […]

September 29, 2021 By David Kirton ZHUHAI, China (Reuters) – China on Wednesday revealed a drone concept similar in mission – and appearance – to the U.S.-made Kratos XQ-58A Valkyrie as countries race to invest in “loyal wingman” drones to help protect pricier crewed fighter jets. The long-range FH-97 drone concept unveiled on Wednesday can […]

September 29, 2021 MOSCOW (Reuters) – Russia on Wednesday threatened to block Alphabet Inc.’s YouTube after Russian state-backed broadcaster RT’s German-language channels were deleted a day earlier and said it was weighing possible retaliation against the German media. YouTube said on Tuesday that RT’s channels had breached its COVID misinformation policy, a move Russia’s Foreign […]

September 29, 2021 By Tom Westbrook and Anushka Trivedi SINGAPORE (Reuters) – The dollar stood at its strongest levels of the year on Wednesday, after rising along with U.S. yields on investor concerns that the Federal Reserve will start to withdraw policy support just as global growth slows. The euro fell to $1.1657, its lowest […]

September 29, 2021 BEIJING (Reuters) – China’s foreign ministry said on Wednesday it hoped the United States could view bilateral trade properly after the U.S. commerce secretary accused Beijing of preventing its domestic airlines from buying Boeing aircraft. China hopes the United States can follow market principles and work with Beijing, Hua Chunying, spokesperson at […]

September 29, 2021 BEIJING (Reuters) -China’s cyberspace watchdog and other government bodies will set up governance rules for algorithms in around three years, it said on Wednesday, as Beijing seeks to tighten its grip on the algorithms technology companies use to attract users. The Cyberspace Administration of China (CAC) said in a statement that algorithms […]

September 29, 2021 TOKYO (Reuters) – Japanese prosecutors asked a Tokyo court on Wednesday to send former Nissan Motor executive Greg Kelly to prison for two years for his alleged part in helping Carlos Ghosn, the carmaker’s ousted CEO, hide earnings. Prosecutors, who are also seeking a 200 million yen fine for the Japanese carmaker, […]

September 29, 2021 (Reuters) – Two of Australia’s “big four” banks are facing a multi-million dollar claim in New Zealand for not refunding more than 150,000 customers the interest and fee charged following an alleged breach in disclosing changes to loan agreements. The class-action lawsuit https://ift.tt/3iglisd said Kiwi units of Commonwealth Bank of Australia and […]

September 29, 2021 By Shivani Singh and David Stanway BEIJING (Reuters) – China is in the grip of a power crunch as coal supply shortages combined with strong power demand from manufacturers, industry and households push coal prices to record highs and trigger widespread curbs on usage. Climate watchers have been at pains to say […]

September 29, 2021 LONDON (Reuters) – Next, one of Britain’s biggest clothing retailers, warned it may struggle to deliver its normal service in the run up to Christmas unless the government relaxes post-Brexit immigration rules to allow more workers into the country. Britain is already facing disruption caused by worker shortages. A dearth of truck […]