News

October 5, 2021 (Reuters) -Aerospace and defense firm General Dynamics Corp has launched two new Gulfstream aircraft, as it looks to tap a rebound in demand for business jets after the pandemic shrunk orders. The company, which introduced the jets on Monday, described the Gulfstream G800 as the longest-range aircraft in the Gulfstream fleet and […]

October 5, 2021 PARIS (Reuters) – Global talks to rewrite the rules for taxing cross-border business are at a critical phase and a compromise is possible on a minimum corporate tax rate of 15%, French Finance Minister Bruno Le Maire said on Tuesday. Until now 134 out of 140 countries in the talks had backed […]

October 5, 2021 By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden will hit the road on Tuesday to try to shift the spotlight from the wrangling within his Democratic Party over his huge social spending package to its potential benefits for Americans. Squabbling Democratic moderates and progressives dealt Biden a major […]

October 5, 2021 By Manas Mishra (Reuters) – The effectiveness of the Pfizer Inc/BioNTech SE vaccine in preventing infection by the coronavirus dropped to 47% from 88% six months after the second dose, according to data published on Monday that U.S. health agencies considered when deciding on the need for booster shots. The data, which […]

October 5, 2021 By Stelios Misinas and Alkis Konstantinidis ATHENS (Reuters) – There’s a new addition to Greece’s postal service: a fleet of yellow robots sorting through the mail. Fifty-five small, four-wheeled autonomous mobile robots — or AMR’s — powered by artificial intelligence, glide around Hellenic Post’s sorting centre in Athens, speeding up an often […]

October 5, 2021 TAIPEI (Reuters) -A group of French senators including a former defence minister will visit Taiwan this week, the island’s foreign ministry said on Tuesday, with the visit coming at a time of soaring tensions between Taipei and Beijing and despite China’s opposition. Their trip comes after China flew almost 150 warplanes https://ift.tt/3FgT9eu […]

October 5, 2021 By Belén Carreño and Inti Landauro MADRID (Reuters) – The Spanish government plans to give all civil servants a 2% pay raise in 2022 to help their wages keep pace with rising consumer prices, a source at the budget ministry said on Tuesday. The pay increase will have to be ratified by […]

Duality, a startup founded by groundbreaking cryptographers and data scientists that is building tools to make it easier for companies to share data and collaborate with each other without compromising sensitive information, has raised some funding on the back of some significant early deals, including a contract with the U.S. Department of Defense. The startup, […]

October 5, 2021 ATHENS (Reuters) – Greece has proposed an EU-wide mechanism for hedging against steep gas price fluctuations to help households tackle rising energy prices across the bloc. Gas prices have surged so far this year as world economies are recovering from the coronavirus pandemic and global demand is picking up much faster than […]

October 5, 2021 BERLIN (Reuters) – Germany’s Greens met Chancellor Angela Merkel’s conservatives on Tuesday for talks to explore whether they and a smaller liberal party could form a new coalition government following last month’s national election. A close result in the election on Sept. 26, when no party won an overall majority, has kicked […]

October 5, 2021 KABUL (Reuters) -Afghanistan will start issuing passports to its citizens again on Tuesday, a senior official said, following months of delays that hampered attempts by those trying to flee the country after the Taliban seized control in August. The process, which had slowed even before the Islamist militants’ return to power following […]

October 5, 2021 (Reuters) – Tottenham Hotspur’s Lucas Moura joked that Monday’s near six-hour social media outage meant he finally had a chance to connect with his wife, while Everton’s Richarlison saw a fresh opening for carrier pigeons, as soccer players saw the funny side of the blackout. Facebook Inc blamed a “faulty configuration change” […]

October 5, 2021 LONDON (Reuters) -British new car registrations fell last month by 34% year on year to 215,312 units, according to industry data on Tuesday that marked the weakest September for at least 23 years. The Society of Motor Manufacturers and Traders (SMMT) said the auto industry continued to be plagued by a global […]

October 5, 2021 By Jonathan Cable LONDON (Reuters) -Business growth across Europe remained strong last month but elevated inflationary pressures put a dent in demand while ongoing supply issues constrained activity, issues which are likely to continue, a survey showed on Tuesday. Although many restrictions imposed to contain the coronavirus pandemic have now been lifted […]

October 5, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on Monday. Inflows to the sector were $90.2 million last week, led by bitcoin which snagged […]

The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. The insurance market is still one of the industries […]

October 5, 2021 BERLIN (Reuters) -Daimler Trucks CEO Martin Daum said the truckmaker, set to spin-off from Daimler in December, will continue to sell fewer vehicles than it could have in the coming year as chip shortages hamper production. “We will certainly be delivering less than we could have sold, and that also applies to […]

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 (Reuters) -PepsiCo Inc raised its full-year revenue forecast on Tuesday, as the easing of pandemic restrictions boosts demand for sodas at theaters and restaurants. Sales in PepsiCo’s North America Beverage unit, the company’s largest business, rose 7% in the third quarter as a reopening economy and the lifting of COVID-19 capacity restrictions […]

October 5, 2021 LONDON (Reuters) – Bitcoin, the world’s biggest cryptocurrency by market value, rose above the $50,000 mark for the first time in four weeks on Tuesday, adding to a series of gains since the start of October. The cryptocurrency fell below that level on September 7 amid a broader selloff in shares of […]