September 20, 2021 By Ritvik Carvalho LONDON (Reuters) – The offshore Chinese yuan skidded to three-week lows on Monday, dragging down other risk and commodity currencies as worries about property developer Evergrande’s solvency spooked financial markets, while the safe-haven dollar rose Only on Friday, the yuan hit its highest level in three months at 6.4297 […]
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Eli EVs begins production, European rollout of Eli ZERO, a compact two-seater
Eli Electric Vehicles, an early stage compact EV manufacturer, announced the start of production on its flagship Eli Zero, a micro “neighborhood electric vehicle” that is built for city commuting. The company plans to roll out small batches of the two-seater EV to distributors across 13 European countries over the next few months with a […]
9am.health launches with $3.7M to tackle virtual diabetes care
Founders like to create companies around what they know, and Frank Westermann and Anton Kittelberger know diabetes. They met and bonded over both having type 1 diabetes — Westermann was diagnosed over 25 years ago — and started the MySugr app for diabetes self-management in 2012 (they won a TC pitch-off back in 2011). Four […]
Facebook warned over ‘very small’ indicator LED on smart glasses, as EU DPAs flag privacy concerns
Facebook’s lead privacy regulator in Europe has raised concerns about a pair of ‘smart’ Ray-Ban sunglasses the tech giant is now selling. The glasses include a face-mounted camera which can be used to take pictures and short videos with a verbal cue. Ireland’s Data Protection Commission (DPC) said Friday that it’s asked the tech giant […]
Amazon bets on Hindi voice shopping to reach wider India
Speaking of Amazon — which is reportedly conducting an investigation to find whether its lawyers bribed government officials in India — the company announced today it plans to roll out the voice shopping experience feature in the Hindi language in the South Asian market ahead of the Diwali festival in early November. The e-commerce giant, […]
High-stakes Christmas looms as surging toy demand meets supply-chain snarls
September 20, 2021 By Richa Naidu and Lisa Baertlein CHICAGO/LOS ANGELES (Reuters) – With demand for toys at an all-time high, U.S. suppliers and retailers are racing to outrun severe air, sea and land shipping snarls so Santa has a mountain of dolls, scooters and video game consoles to deliver at Christmas. The holidays account […]
Germany points to reports on “massive irregularities” in Russia’s Duma elections
September 20, 2021 BERLIN (Reuters) – There are credible reports of massive irregularities in the Russian Duma elections, a German government spokesman said on Monday, as the vote’s results were finalised. Russia’s ruling United Russia party, which supports President Vladimir Putin, retained its parliamentary majority after an election and a sweeping crackdown on its critics, […]
Oracle uses AI to automate parts of digital marketing
September 20, 2021 By Stephen Nellis (Reuters) – Oracle Corp announced on Monday a new system that it says will use artificial intelligence to automate key parts of digital marketing campaigns. Once primarily known for its database software, Oracle is competing against firms like Adobe Inc and Salesforce.com Inc to sell cloud-based software used for […]
Fed to reveal new projections with investors on alert for rate liftoff timing
September 20, 2021 By Lindsay Dunsmuir (Reuters) – U.S. Federal Reserve officials will lay bare how soon and how often they think the economy will need interest rates rises over the next three years when they release new forecasts at their policy meeting on Wednesday, with investors on alert for a faster pace of tightening. […]
Crunch time for Congress with Biden’s agenda, and debt limit, on the line
September 20, 2021 By Susan Cornwell WASHINGTON (Reuters) – The U.S. Congress returns to session on Monday facing a massive agenda and a tight time crunch, with President Joe Biden’s Democrats hoping to pass sweeping domestic programs, fund the government, approve an infrastructure bill and raise the debt ceiling in a matter of weeks. They […]
Rwandan court finds ‘Hotel Rwanda’ film hero Rusesabagina guilty of terror-related charges
September 20, 2021 KIGALI (Reuters) – A Rwandan court on Monday said Paul Rusesabagina, a one-time hotel manager portrayed as a hero in a Hollywood film about the 1994 genocide, was guilty of terrorism-related charges. “They should be found guilty for being part of this terror group – MRCD-FLN,” said judge Beatrice Mukamurenzi. “They attacked […]
Crowds flock to Champs-Elysees during Paris car-free day
September 20, 2021 PARIS (Reuters) – Crowds of Parisians and tourists strolled along the Champs-Elysees avenue on Sunday as a car-free day removed most of the traffic from the French capital’s usually busy streets. Pedestrians wandering along the most famous thoroughfare in Paris could view the Arc de Triomphe in its temporary guise as an […]
Explainer-In tight Canada election, another minority government is likely
September 20, 2021 OTTAWA (Reuters) – Opinion polls indicate no party will gain a majority of seats in the Canadian election on Monday, for the second straight time, leaving one of the two front-runners – Liberal Prime Minister Justin Trudeau or Conservative leader Erin O’Toole – trying to govern with a minority. Six parties are […]
‘Alarm bell’: U.N. chief, UK PM convene leaders on climate change
September 20, 2021 By Michelle Nichols and Valerie Volcovici UNITED NATIONS (Reuters) – With less than six weeks to go before world leaders convene for a major climate summit in Glasgow, U.N. Secretary-General António Guterres and UK Prime Minister Boris Johnson will hold a roundtable of world leaders on Monday to address major gaps on […]
Russian university shooter alive, being treated in hospital, say investigators
September 20, 2021 MOSCOW (Reuters) – A student who opened fire at a university in Russia on Monday is alive and being treated in hospital, the Investigative Committee law enforcement agency said, contradicting an earlier statement from the university that he had been killed. At least eight people were killed and several others wounded in […]
Asian shares at 1-month low, default fears stalk China Evergrande
September 20, 2021 By Wayne Cole and Anushka Trivedi (Reuters) – Asian shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, with a torrid session for the world’s most indebted property developer China Evergrande dragging Hong Kong stocks to a near one-year low. Holidays in Japan, […]
Flughafen Zuerich chairman sees business travel rebound in 2022 -paper
September 20, 2021 ZURICH (Reuters) – The chairman of airport operator Flughafen Zuerich expects business travel to rebound next year, he told a newspaper, adding the Swiss group remained financially sound despite the hit from the coronavirus epidemic. “My personal assessment is I don’t think we will see a big recovery in business travel this […]
Corporate leverage returns to pre-pandemic levels
September 20, 2021 By Yoruk Bahceli (Reuters) – U.S. and European companies have marked another milestone in their road to recovery from COVID-19, seeing their debt levels relative to profits tumbling to the lowest since before the pandemic erupted in 2020. Net leverage, an important gauge of a company’s financial health, refers to net debt […]
Hong Kong police arrest three members of student prisoner-support group
September 20, 2021 HONG KONG (Reuters) – Hong Kong police arrested on Monday three members of a pro-democracy student group, accusing them of a “conspiracy to incite subversion” including by helping deliver snacks to prisoners with the aim of recruiting followers. Hong Kong police have arrested more than 100 people under a national security law […]
UK meat industry warns some firms have just five days’ CO2 supply
September 20, 2021 LONDON (Reuters) – Some of Britain’s meat processors will run out of carbon dioxide within five days, forcing them to halt production, the head of the industry’s lobby group warned on Monday. A jump in gas prices has forced several domestic energy suppliers out of business and has shut fertiliser plants that […]