News

October 4, 2021 GENEVA (Reuters) -The World Trade Organization revised upwards its forecasts for growth of global goods trade this year and in 2022, but warned of a two-track recovery leaving poor countries behind and downside risks from the COVID-19 pandemic and supply chain problems. The WTO said on Monday it expected merchandise trade would […]

October 4, 2021 By Tom Wilson LONDON (Reuters) – Trading volumes at major cryptocurrency exchange Binance soared between July and September, suggesting a recent crackdown by regulators across the globe has had little impact on the platform’s business. Worried about consumer protection as well as the standard of anti-money laundering checks at crypto exchanges, regulators […]

October 4, 2021 By Axel Threlfall and Timothy Gardner (Reuters) – Former U.S. Vice President Al Gore is hopeful China and the United States will set aside their differences at U.N. climate change talks in Glasgow, just as they came together in 2015 to help hammer out the Paris Agreement. Speaking in an interview broadcast […]

Taking a small detour today from traditional Exchange topics — we’ll get to some IPO news later on — to talk briefly about climate, climate tech and pessimism. Last week on the podcast, the Equity crew spent a bit of time digging into the planet-wide impacts that our warming world will endure in the coming […]

October 4, 2021 (Reuters) -Two-time major winner Garbine Muguruza has bolstered her chances of qualifying for the season-ending WTA Finals next month with a comeback victory over Tunisia’s Ons Jabeur to claim the Chicago Fall Tennis Classic title. The Spaniard, a former world number one, was down a set and a break but fought back […]

October 4, 2021 DUBLIN (Reuters) – Ireland collected 5.8% or 2.5 billion euros ($2.9 billion) more tax than expected during the first nine months of the year due to a further surge in VAT receipts and strong corporate tax returns, the finance ministry said on Monday. Tax revenues have proven more resilient than many forecast […]

October 4, 2021 By David Shepardson WASHINGTON (Reuters) – General Motors Co and Ford Motor Co have agreed to settle a legal battle over the latter’s use of the name “BlueCruise” to market its hands-free driving technology. In a notice filed in court late on Friday, the two automakers said they are in the “process […]

October 4, 2021 WASHINGTON (Reuters) – The Biden administration believes the World Trade Organization has a “very important role” to play in the context of U.S. concerns about China’s failure to adhere to global trading norms, U.S. Trade Representative Katherine Tai said on Monday. Tai told an event hosted by the Center for Strategic and […]

October 4, 2021 PARIS (Reuters) – French President Emmanuel Macron will tell his European peers the AUKUS crisis could be an opportunity to make the case to the United States that the European Union can play a strategic role in the Indo-Pacific, French officials said on Monday. Australia’s decision to cancel a big submarine contract […]

October 4, 2021 BEIRUT (Reuters) – Lebanon’s former prime minister Hassan Diab said on Monday he had given up shares in a company he was linked to in a leak of financial documents, and denied wrongdoing. A statement by his office said he had taken part in founding the company in 2015 and owned 17 […]

October 4, 2021 RUSTAVI, Georgia (Reuters) – Hundreds of Georgians rallied on Monday to demand the release of hunger-striking ex-president Mikheil Saakashvili, who was jailed last week after returning from exile and calling for post-election protests. Saakashvili, who was sentenced in absentia in Georgia in 2018 for abuse of power and concealing evidence when he […]

Global users are experiencing outages on Facebook, including all social networks the company owns, which include Messenger, Instagram and WhatsApp. When navigating to these websites, a server error will appear — Instagram shows a “5xx server error,” which indicates that this is an issue with Facebook’s servers. Users are also unable to send messages or […]

October 4, 2021 By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S.-made goods accelerated in August, pointing to sustained strength in manufacturing even as economic growth appeared to have slowed in the third quarter because of shortages of raw materials and labor. The Commerce Department said on Monday that factory orders increased 1.2% in […]

October 4, 2021 (Reuters) – U.S. businesses are having few problems raising prices on customers for the first time in years, St. Louis Federal Reserve Bank President James Bullard said on Monday, as he warned that inflation could remain elevated for some time to come amid fears higher expectations become entrenched. Bullard’s business contacts in […]

October 4, 2021 (Reuters) – Nearly 4 million people worldwide flocked to theaters owned by AMC Entertainment over the weekend to watch “Venom: Let There Be Carnage” and the latest James Bond film, setting a record since the movie halls were reopened after being shut for more than a year. Moviegoers are returning to theaters […]

October 4, 2021 BRUSSELS (Reuters) – European Union leaders will be able to restate their guarantee of future membership to six Balkan countries on Wednesday at a summit, after EU ambassadors agreed a text on Monday, a senior EU official said. After weeks of disagreement over the wording of a summit declaration for Wednesday’s gathering […]

Berlin-based climate tech startup, ‘Made of Air‘, has closed a €5 million (~$5.8M) seed funding round, led by Norwegian sustainability-focused family fund, TD Veen. Also participating are Patrick Pichette (former CFO of Google & chairman of the Board of Twitter), EQT Group, Thomas Von Koch (CEO & cofounder of EQT Group), Tuesday Capital, the co-founders […]

Jared Spataro has been with Microsoft for more than 15 years now, and he has been part of the transition from an on-prem software company to a SaaS business. Today his official title is corporate vp in charge of the company’s biggest SaaS product, Office 365. Spataro is going to join us on October 27th […]

October 4, 2021 JERUSALEM (Reuters) – German Chancellor Angela Merkel will travel to Israel next week for a farewell visit before her expected departure from office after 16 years in power, Israeli Prime Minister Naftali Bennett said on Monday. Merkel had cancelled a planned Aug. 28-30 trip to Israel, citing the tense situation in Afghanistan […]

October 4, 2021 By Thomas Escritt BERLIN (Reuters) – Whether the Social Democrats’ Olaf Scholz or a conservative becomes the next German chancellor, they will probably need to bring into their coalition two smaller parties that are far apart on many of the issues that will shape Germany’s future. Any majority will rest on the […]