News

October 4, 2021 LONDON (Reuters) – British finance minister Rishi Sunak said on Monday he and Prime Minister Boris Johnson did not want to raise taxes again after a recent increase in social security contributions to help fund the health service and social care. “We made the difficult decision that we did and I think […]

October 4, 2021 (Reuters) – European stocks struggled on Monday after their worst weekly showing since February, held back by a growing number of risks including signs of inflation, elevated bond yields and China Evergrande’s financial troubles. The pan-European STOXX 600 index slipped 0.2% by 0718 GMT, holding near a two-month low hit in last […]

October 4, 2021 By Tom Arnold LONDON (Reuters) – Higher energy prices are fanning inflation in several emerging markets, testing the resolve of their central banks and risking stymieing growth in Hungary, Poland and the Czech Republic and more currency weakness in Turkey, analysts say. In a bold response to the price pressures, the Czech […]

October 4, 2021 (Reuters) – Myanmar’s detained former leader Aung San Suu Kyi on Monday asked a judge to reduce the frequency of her court hearings due to strained health, her lawyer said. Suu Kyi, who is on trial and attending court sessions in multiple cases, requested they each be heard every two weeks, not […]

October 4, 2021 STOCKHOLM (Reuters) – Swedish artist Lars Vilks, who stirred worldwide controversy in 2007 with drawings depicting the Prophet Mohammad with the body of a dog, was killed in a car crash near the southern town of Markaryd on Sunday, police said. Vilks, 75, who had been living under police protection since the […]

October 4, 2021 LONDON (Reuters) – British finance minister Rishi Sunak said on Monday that part of his job was to tell Prime Minister Boris Johnson not to overspend after reports that he told Johnson he would cut up his credit card. “I think that was an old thing, but I think that’s something that […]

October 4, 2021 STOCKHOLM (Reuters) – Volvo Car Group’s monthly sales fell 30.2% from a year ago in September, the Sweden-based automaker said on Monday. The company warned last month that sales volumes in the second half of 2021 could fall year-on-year after production cuts due to material shortages. (Reporting by Helena Soderpalm, editing by […]

October 4, 2021 HANOI (Reuters) – Tens of thousands of people, mostly migrant workers, left Ho Chi Minh City over the weekend as the largest metropolis in Vietnam eased a months-long COVID-19 lockdown https://ift.tt/3uGppTw, triggering fears of labour shortages and more disruption to manufacturing. The mass exodus comes as the city and its nearby industrial […]

October 4, 2021 By Andrew Boyers HEMEL HEMPSTEAD, England (Reuters) -British military personnel in combat fatigues arrived on Monday at a BP refinery after the government ordered the army to help deliver fuel to help compensate for an acute shortage of truckers, a Reuters reporter said. Britain’s supply chains for everything from pork, petrol and […]

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 Ons Jabeur of Tunisia to claim the Chicago Fall Tennis Classic title. The Spaniard, a former world number one, was down a set and a break but […]

October 4, 2021 A look at the day ahead from Julien Ponthus As the Northern hemisphere autumn gets going, there is but one colour — green. The dollar is trading just below one-year highs against a basket of currencies and is heading for its best year since 2015. Speculators are piling in — latest data […]

October 4, 2021 (Reuters) – Australia’s Qantas Airways Ltd and Dubai-based Emirates would extend their partnership for another five years till 2028, they said on Monday, as both airlines battle with the impact of the COVID-19 pandemic on international air travel. The partnership includes integrated network collaboration with coordinated pricing, sales and scheduling, as well […]

October 4, 2021 By Manoj Kumar VARANASI, India (Reuters) – In the narrow lanes of the Hindu pilgrimage city of Varanasi, the centre of a famed silk-weaving industry, there’s little sign of the nascent economic recovery trumpeted by India’s policymakers. Sales of the heavily brocaded silk sarees made in the ancient city on the river […]

October 4, 2021 TOKYO (Reuters) – Incoming Japanese Prime Minister Fumio Kishida unveiled on Monday a cabinet line-up https://ift.tt/3a3pZB9 featuring allies of former Prime Minister Shinzo Abe, ensuring the influence of the latter’s conservative base. Of the 20 posts, 13 are filled by people with no prior cabinet experience, in line with Kishida’s pledge to […]

October 4, 2021 PARIS (Reuters) – French investment company Tikehau Capital said on Monday it was hoping to manage at least 5 billion euros ($5.8 billion) worth of assets by 2025 that would be dedicated solely to fighting climate change. Tikehau added in a statement that the plans would allow it to invest in companies […]

B Capital Group, which last week co-led Indian social commerce Meesho’s $570 million funding, is in advanced stages of talks to back Bangalore-based neobank Fi (formerly known as epiFi), many aware of the talks told me. Fi offers a neobanking service for millennials in India. The startup, which early last year raised $13.2 million in […]

October 4, 2021 By Richa Naidu CHICAGO (Reuters) – Unilever Plc  and Procter & Gamble, the world’s top two  advertisers, are seeking out younger audiences by reallocating some 2021 spending away from traditional TV and into video games, streaming services and media programs operated by retailers like Walmart and Tesco. As they continue to look […]

October 4, 2021 MANILA (Reuters) – Manila City mayor Francisco Domagoso registered to run for the presidency of the Philippines on Monday, touting himself as a unifying candidate of humble beginnings who can heal an economy and livelihoods damaged by the pandemic. Domagoso, 46, a former actor, is the second contestant to sign up for […]

October 4, 2021 Aaron Judge singled with one out in the ninth inning to drive in the winning run, and the New York Yankees clinched a playoff spot with a dramatic 1-0 victory over the visiting Tampa Bay Rays. The Yankees will face the Boston Red Sox on the road at Fenway Park Tuesday in […]

October 4, 2021 TOKYO (Reuters) – Japan’s outgoing finance minister, Taro Aso, said on Monday he had proposed lowering the central bank’s 2% inflation target when prices took a hit from plunging oil prices from 2014 through to 2015. Aso, who was finance minister for nearly nine years, said the oil price slump was among […]