News

October 5, 2021 (Reuters) – Facebook said on Tuesday that routine maintenance on the company’s network stitching together its data centers triggered the collapse of its global system for more than six hours on Monday, blocking access for billions of users. In a blog post, Facebook explained its engineers issued a command that unintentionally took […]

October 5, 2021 By Pamela Barbaglia LONDON (Reuters) – Citigroup has hired Luisa Leyenaar-Huntingford from Goldman Sachs to co-head its global infrastructure franchise as it seeks to win more business from cash-rich investment firms focusing on infrastructure deals. Leyenaar-Huntingford will be based in London and will share responsibility with Todd Guenther in New York, according […]

Facebook’s hours-long outage on Monday may have hurt the company, its founder, shareholders, and many businesses that rely on the social juggernaut’s services. But for its instant messaging rivals, it was a very good day. Telegram founder and chief executive Pavel Durov said on Tuesday that his instant messaging app added 70 million users on […]

October 5, 2021 PARIS (Reuters) -Kylian Mbappe on Tuesday fell short of saying he would leave Paris St Germain when his contract expires at the end of the season but Real Madrid president Florentino Perez said he was optimistic the France striker would join the Spanish giants. The 22-year-old told the Ligue 1 club he […]

October 5, 2021 (Reuters) – The European Tour on Tuesday added the AVIV Dubai Championship to its 2021 schedule, with the $1.5 million event returning for a second straight season and replacing the cancelled Nedbank Golf Challenge Hosted by Gary Player in South Africa. The event will be played on the Fire course at Jumeirah […]

October 5, 2021 FRANKFURT (Reuters) – The European Central Bank is closely watching inflation expectations and wage developments as predicting the length of disruptions caused the economy’s post-pandemic reopening is difficult, ECB President Christine Lagarde said. “We should not overreact to supply shortages or rising energy prices, as our monetary policy cannot directly affect those […]

October 5, 2021 By Gertrude Chavez-Dreyfuss and Ritvik Carvalho NEW YORK/LONDON (Reuters) – Bitcoin, the world’s largest cyrptocurrency in terms of market value, rose on Tuesday, passing the $50,000-mark for the first time in four weeks and adding to gains this month on mounting institutional interest. In early September, bitcoin fell below $50,000 during a […]

October 5, 2021 By Sergiy Karazy and Lewis Macdonald LVIV, Ukraine (Reuters) – Under cobblestone streets in the western Ukrainian city of Lviv, diggers have uncovered new hiding spots in underground sewers where some Jews managed to flee from Nazi occupying forces during World War Two. More than 100,000 Jews, or around one third of […]

October 5, 2021 LIMA (Reuters) – Peru’s government said on Tuesday that it had reached an agreement with MMG Ltd’s Las Bambas mine and the local Chumbivilcas community to avoid road blockades that have threatened production at the huge copper mine. The country’s mining minister said in a tweet that the parties had reached the […]

October 5, 2021 By Julie Gordon OTTAWA (Reuters) – Canada’s trade surplus with the world widened in August, easily beating analyst expectations, as strong exports of energy products outweighed a drop a two-way trade for motor vehicles and parts, data showed on Tuesday. The country’s trade surplus was C$1.94 billion ($1.54 billion) in August, well […]

October 5, 2021 By Jonathan Stempel NEW YORK (Reuters) – New York City agreed to hold off on requiring food delivery companies to share customer data with restaurants, the subject of a recent lawsuit by DoorDash Inc. In a joint filing on Monday with the U.S. District Court inManhattan, the city said it will not […]

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 By Andrea Shalal WASHINGTON (Reuters) -Deputy Treasury Secretary Wally Adeyemo told Arizona’s governor on Tuesday that his state could not use federal funds to pay for programs aimed at undermining face mask requirements in schools, and said Arizona could lose funding if it did not change course. In a letter to Governor […]

October 5, 2021 By Maiya Keidan and Shariq Khan (Reuters) – Ontario’s largest electric utility, Hydro One Ltd, is seeking acquisitions worth up to C$500 million ($397 million) to boost its customer base and consolidate the fragmented industry, a spokeswoman told Reuters. The government of Ontario, Canada’s most populous province, is eager to bring down […]

October 5, 2021 PARIS (Reuters) – French labour unions marched for better pay and social benefits, as prices for energy and food rise and the government resumes a reform programme interrupted by the COVID-19 crisis. Thousands marched in cities across France, warning President Emmanuel Macron not to restart a reform drive that was halted during […]

October 5, 2021 BEIRUT (Reuters) -Lebanese Prime Minister Najib Mikati’s family wealth comes from a communications business that has been audited in the past and is legal, a statement from his office said on Tuesday in response to a giant leak of financial documents. A Lebanese news organisation, Daraj, was among international media outlets that […]

Apple is rolling out several new resources for elementary school students, including a new ‘Everyone Can Code Early Learners’ activity guide. The new guide extends Apple’s curriculum resources from kindergarten to college. This latest rollout is part of the tech giant’s Everyone Can Code initiative, which aims to help educators and families introduce coding to […]

The United Arab Emirates (UAE) Space Agency will be sending a probe to the asteroid belt between Mars and Jupiter, with the aim of ultimately landing on an asteroid in the early 2030s, in a mission that will surely be a major boost for the country’s private sector space companies. The mission will launch in […]

Chop Dawg describes itself as an app development agency, but these days that can mean helping startups build and scale software over many years. Founded in 2009 by Joshua Davidson when he was 16 years old, the Philadelphia-based company has worked on the launch of over 350 digital products to date. Clients range from big […]

After digging into the Rent the Runway IPO filing this morning, we’re turning to Udemy. The Udemy offering comes in the wake of the successful Duolingo IPO earlier this year. And the company’s debut may prove to be the final major edtech IPO ahead of Byju’s eventual debut — how well Udemy performs in its […]