News

October 6, 2021 BRDO, Slovenia (Reuters) – German Chancellor Angela Merkel on Wednesday rejected calls to set a date for the accession of Western Balkans countries into the European Union. “I don’t really believe in setting dates, I believe in making good on our promises: Once the conditions are met the accession can take place,” […]

October 6, 2021 ROME (Reuters) – The European Commission will soon present a plan to become the single buyer for energy for all the European Union member states, Italian Prime Minister Mario Draghi said on Wednesday. “The Commission will present a proposal to be discussed at the next European Council,” Draghi told reporters after a […]

October 6, 2021 BRUSSELS (Reuters) – EU antitrust regulators are set to charge Apple with anti-competitive practices related to its NFC chip technology, people familiar with the matter said, a move that could force the iPhone maker to open up its mobile payment system to rivals. The European Commission opened an investigation into Apple Pay, […]

October 6, 2021 By Mimosa Spencer PARIS (Reuters) – Chinese fashion labels, including Shang Xia, Icicle and Fosun Fashion Group, are embracing Paris as a springboard for their international ambitions, opening flagship stores in the city and hiring French designers to burnish their credentials. Chinese shoppers are the biggest buyers of luxury goods worldwide, including […]

October 6, 2021 LONDON (Reuters) – An old bridge which inspired “Winnie-the-Pooh” author A.A. Milne and was depicted in his much-loved children’s stories about the honey-loving bear is being sold at auction on Wednesday, with a price estimate of up to around $80,000. Originally known as Posingford Bridge, it was built in 1907 in Ashdown […]

October 6, 2021 LONDON (Reuters) – New Zealand’s central bank hiked interest rates on Wednesday for the first time in seven years, becoming the second major developed economy to raise rates and one of several to dial back hefty stimulus unleashed in the wake of the coronavirus crisis. As an economic recovery takes hold and […]

October 6, 2021 (Reuters) – Dow said on Wednesday it expects to add $3 billion to its core earnings by 2030, and laid out plans to build a new net-zero carbon emissions ethylene and derivatives facility. The chemicals maker, once part of DowDupont, joins a growing list of companies that have announced plans to cut […]

October 6, 2021 By Ceyda Caglayan ISTANBUL (Reuters) – Sweden’s flat-pack furniture giant IKEA is planning to move more production to Turkey to minimise problems with global supply chains and increased shipping costs, the company’s chief financial officer for Turkey said. Products it expects to make and then export from Turkey, including armchairs, bookcases, wardrobes […]

October 6, 2021 By George Obulutsa NAIROBI (Reuters) – Sub-Saharan Africa’s economy is expected to grow by 3.3% this year and 3.5% in 2022, buoyed by rising commodity prices, the lifting of some anti-coronavirus restrictions and a pick-up in global trade, a World Bank report said on Wednesday. It said sub-Saharan growth would rise to […]

October 6, 2021 By Ritvik Carvalho LONDON (Reuters) – The dollar rose on Wednesday amid jitters that surging energy prices could spur inflation and interest rate hikes, and as traders awaited U.S. jobs data for clues on the timing of Federal Reserve policy tightening. The Reserve Bank of New Zealand lifted its official cash rate […]

October 6, 2021 By Andy Bruce LONDON (Reuters) – Britain’s government bond market is showing signs of strain from the country’s energy crisis, with headlines about gas prices sparking heavy selling this week – a new development that points to growing unease over inflation expectations. There was disarray in Britain in recent days as a […]

Nintendo seems as unable to let go of its decades-old franchises as it is unwilling to stop reinventing them. But in Metroid: Dread the company has acknowledged that sometimes it really is better not to mess with a good thing. The game’s traditional approach may not move the genre forward like some recent standouts, but […]

Mindee offers an API that lets you turn raw data in a paper document into structured data. The startup is coming out of stealth mode and has raised a $14 million Series A round led by GGV Capital. Other investors in today’s funding round include Alven, Serena Capital, Bpifrance’s Digital Venture fund as well as […]

Marc Lore, who earlier this year stepped down from his role as Walmart’s head of U.S. e-commerce, is now backing a new startup in the e-commerce space called Wizard. Lore has taken on the roles of co-founder, chairman of the board and investor in Wizard, a B2B startup in the “conversational commerce” space which believes […]

Logicworks might not be a household name, but since 2012 it has been working with customers to help them move to the cloud and manage their workloads once they get there. By following that approach, the late stage startup is closing in on $100 million in revenue. Today, it announced a new Cloud Reliability Platform […]

October 6, 2021 LONDON (Reuters) -The world’s top miners on Tuesday committed to a goal of net zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said. “ICMM members’ collective commitment to net zero scope one (direct) and two (indirect) greenhouse gas emissions by 2050 is […]

October 6, 2021 BERLIN (Reuters) – German software development firm TeamViewer cut its full year guidance on Wednesday, saying the contribution from large enterprise deals grew more slowly than expected, pushing its shares more than 11% lower. The company said it now expects 2021 billings between 535 million and 555 million euros ($617-$641 million) compared […]

October 6, 2021 By Anita Komuves BUDAPEST (Reuters) – The leading candidate to spearhead the opposition challenge to Prime Minister Viktor Orban in Hungary’s parliamentary elections said on Wednesday the contest would be about “Orban or Europe”, with Hungary’s access to European Union funds at stake. In next year’s vote the nationalist Orban will, for […]

October 6, 2021 WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, allowing Americans to travel, frequent restaurants and reengage in other high-contact activities. Private payrolls increased by 568,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for August was revised lower to […]

October 6, 2021 LONDON (Reuters) – Soul and rock star Tina Turner has sold the rights to her music catalogue to music company BMG, the latest vocal artist to strike such a deal for their work. In a statement on Wednesday, BMG, owned by German media company Bertelsmann AG, said it would “be a partner […]