News

September 23, 2021 By Jamie McGeever ORLANDO, Fla. (Reuters) – For now, it’s business as usual. But how China’s Evergrande problem unfolds in the coming weeks could end up influencing global policymakers’ decision-making next year. Top Federal Reserve and Bank of England officials this week played down contagion risks, as their central banks indicated an […]

September 23, 2021 By Gabriel Araujo SAO PAULO (Reuters) – Brazilian planemaker Embraer SA said on Thursday its subsidiary Eve has signed a memorandum of understanding to sell up to 100 electric aircraft to lessor Bristow Group, sending Embraer shares higher, in the latest sign of dealmaking in the nascent “flying taxis” sector. Brazil-listed Embraer […]

September 23, 2021 SINGAPORE (Reuters) – Some of China Evergrande Group’s offshore bondholders are not expecting the firm to make an interest payment by a Thursday deadline, a person familiar with the matter said, as worries about the fate of the property developer mount. Evergrande, which is scrambling to raise funds to pay its many […]

September 23, 2021 LONDON (Reuters) -Hungary’s Wizz Air is focused on organic growth, its chief supply chain officer said, declining to comment on whether the low-cost airline had recently made a takeover approach for bigger rival easyJet. “Our focus remains organic growth,” chief supply chain and legal officer Owain Jones told the AirFinance Journal conference […]

How’s this for a bit of regional synchronicity? This week, a pair of Chinese robotics firms secured $200 million rounds. It’s all part of a booming ecosystem that we get some insight into every so often. There are so many players in China’s robotics space it can be hard to keep track of some of […]

The battle to win Startup Battlefield began long before TechCrunch Disrupt kicked off Tuesday. Startup founders from all over the world applied to what has been described as the most competitive batch in TechCrunch history. Twenty startups competed this week on the TechCrunch virtual stage for $100,000 in equity-free prize money and last night, we […]

Fintech startups are having one hell of a week. On the heels of Boston-based software-and-payments company Toast’s strong IPO pricing, Remitly priced shares in its own debut above its proposed range yesterday evening. The Seattle-based fintech company sold 12,162,777 shares (7,000,000 primary) at $43 apiece. The company had previously targeted a $42 per-share max price […]

California Governor Gavin Newsom this week signed a bill aimed at protecting warehouse workers from unsafe quotas. The bill, which cites issues around bathroom breaks, rest periods and other safety laws, has been seen as a repudiation of longstanding complaints against workplace conditions at Amazon fulfillment centers. Introduced by Assembly Member Lorena Gonzalez in February, […]

A new forecast on the state of the app economy indicates the third quarter will see record-breaking revenues spent on apps and games. According to App Annie, consumers worldwide will spend $34 billion on apps and games in Q3, a 20% year-over-year increase on spending. The increase indicates that the Covid-19 pandemic’s impact on consumer […]

September 23, 2021 (Reuters) – Manchester United forward Cristiano Ronaldo has reclaimed top spot in the list of the world’s highest-paid soccer players from Lionel Messi, according to Forbes https://www.forbes.com/sites/christinasettimi/2021/09/21/the-worlds-highest-paid-soccer-players-2021–uniteds-cristiano-ronaldo-reclaims-top-spot-from-psgs–lionel-messi/?sh=2a9bd7013b7b. Ronaldo, 36, rejoined United from Juventus in August after 12 years away, while Messi has swapped boyhood club Barcelona to join Paris St Germain. Forbes […]

September 23, 2021 By Djaffar Al Katanty GOMA, Democratic Republic of Congo (Reuters) – When the Nyiragongo volcano erupted in May, Serge Makolo only had time to grab his roller skates and a fistful of medals before the magma swallowed his house on the outskirts of Goma in the eastern Democratic Republic of Congo. Everything […]

September 23, 2021 By Huw Jones LONDON (Reuters) – Scrapping a cap on bankers’ bonuses inherited from the European Union is not a top priority and other curbs on remuneration aimed at fostering financial stability should not be weakened, Bank of England Deputy Governor Sam Woods said on Thursday. Britain’s departure from the EU has […]

September 23, 2021 TURIN (Reuters) – Vietnamese carmaker VinFast could add other markets in 2023 to expand its European strategy beyond a planned debut in Germany, France and the Netherlands next year. The company, a unit of Vingroup JSC Vietnam’s largest conglomerate which some have called “Vietnam’s answer to Tesla”, will debut in Europe next […]

September 23, 2021 By Foo Yun Chee BRUSSELS (Reuters) -Alphabet unit Google is seeking to settle an EU antitrust investigation into its digital advertising business, a person familiar with the matter said, a move that could help it stave off a disruptive, lengthy probe and a possible hefty fine. EU antitrust cases have cost Google […]

September 23, 2021 By Aditi Shah NEW DELHI (Reuters) – India’s Ola Electric plans to produce kick scooters, e-bikes, drones and even flying cars under its future mobility scheme to help meet the country’s transport needs, the company’s founder Bhavish Agarwal said in a blogpost on Thursday. Ola Electric, backed by Japan’s Softbank Group, is […]

September 23, 2021 By Marc Jones LONDON (Reuters) – World markets rallied on Thursday after the U.S. Federal Reserve flagged plans to reel in stimulus this year, Norway became the first rich economy to raise interest rates since COVID-19 struck and China Evergrande leapt ahead of a crucial debt payment. Trading was lively to say […]

Autonomous vehicle company Motional is expanding its operations and employee headcount in Las Vegas, including tripling the size of its testing facility, in the run up to its planned 2023 commercial deployment of robotaxis. The company, the product of a $4 billion joint venture between Aptiv and Hyundai, has been in Las Vegas for nearly […]

General Motors has now joined a slew of other major automakers, including Toyota, Chinese state-backed SAIC Motor, and Mercedes-Benz AG in putting its chips behind Chinese autonomous driving startup Momenta. GM, the largest automaker in the U.S. in terms of vehicle sales, said Tuesday it will invest $300 million in Momenta to accelerate the development […]

September 23, 2021 BRUSSELS (Reuters) -Software Volkswagen AG used to alter pollutant emissions based on the temperature and altitude is illegal unless it prevents potentially dangerous sudden damage to the engine, an adviser to the EU’s top court said on Thursday. The finding, if confirmed by the Court of Justice of the European Union (CJEU), […]

September 23, 2021 BUDAPEST (Reuters) -Central European leaders signed a joint declaration on Thursday saying immigration should not be the answer to the European Union’s declining birth rate, while calling on the bloc to keep family policy under national jurisdiction. The strong anti-immigrant stances taken by governments in central European countries such as Hungary – […]