September 17, 2021 SIENA, Italy (Reuters) – Europe should temporarily suspend its tariffs on imported steel to head off shortages and avoid harmful effects on industry, Italian Industry Minister Giancarlo Giorgetti said on Friday. Asked if Rome planned to intervene in the 25% tariff scheme, Giorgetti said that Europe had prioritised the interests of the […]
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White House warns of economic catastrophe without action on debt limit
September 17, 2021 WASHINGTON (Reuters) – The White House warned on Friday that a failure by the U.S. Congress to extend the debt limit could plunge the economy into a recession and could lead to cuts in critical state services. The government faces an October deadline on the debt limit, after which it may not […]
Dollar hits three-week high, boosted by recent upbeat data, Fed taper view
September 17, 2021 By Gertrude Chavez-Dreyfuss and Tommy Wilkes NEW YORK/LONDON (Reuters) -The dollar climbed to three-week peaks on Friday, still benefiting from better-than-expected U.S. retail sales data released on Thursday that backed expectations for a reduction of asset purchases by the Federal Reserve before the end of the year. The dollar index, a gauge […]
Boston Dynamics owner Hyundai deploys Spot for factory safety monitoring
Back in June, Hyundai completed a deal for controlling interest in Boston Dynamics. The Korean automotive giant no doubt has some grand plans for integrating the Massachusetts-based firm’s technology into a lot of their forward-looking concept mobility vehicles – for now, however, it’s more about putting existing robots to work. Hyundai today announced the arrival […]
U.S. consumer sentiment steadies in September after August plunge -UMich
September 17, 2021 (Reuters) – U.S. consumer sentiment steadied in early September after plunging the month before to its lowest level in nearly a decade, but consumers continue to have a bleak view of the outlook amid a stiff bout of inflation, a survey showed on Friday. The University of Michigan said its consumer sentiment […]
Exclusive-Teamsters organizing workers’ unions at 9 Amazon.com facilities in Canada
September 17, 2021 By Julia Love and Moira Warburton (Reuters) – The Teamsters workers’ union has launched campaigns to organize employees in at least nine Canadian facilities of U.S. e-commerce company Amazon.com, according to Reuters interviews with union officials. The influential union took the first step earlier this week to organize employees at one of […]
Catwalk shows return at hybrid London Fashion Week
September 17, 2021 By Marie-Louise Gumuchian LONDON (Reuters) – A hybrid London Fashion Week kicked off on Friday, with a mix of digital presentations and the event’s first in-person shows in a year. International press and buyers were back watching the catwalk presentations, including an early display from menswear designer and choreographer Saul Nash. “It […]
Former Instacart CFO Sagar Sanghvi joins Accel as its newest partner
Instacart‘s chief financial officer Sagar Sanghvi has departed from the on-demand grocery delivery company after nearly six years and is returning to his investing roots. Specifically, Sanghvi has joined Accel as a partner focused on global growth-stage consumer and enterprise investments. Prior to becoming CFO of Instacart, Sanghvi served as the company’s vice president of […]
Taliban say Afghan boys’ schools to reopen, no mention of girls
September 17, 2021 (Reuters) – Afghan schools will open for boys from Saturday, the new Taliban ministry of education said in a statement that gave no indication of when girls might be able to go back to their classes. More than a month after the movement seized the capital Kabul, most educational institutions have remained […]
Since I can’t build a wall around our talent, here’s how I’m reducing turnover
Delcie Bean Contributor Share on Twitter Delcie Bean is founder and CEO of Paragus IT. As the CEO of a tech company for 15 years, I have seen employees come and go for many reasons. But in the last four months, we have seen more turnover than in the previous two years combined. We’ve lost […]
Aurora Propulsion Technologies closes €1.7M seed for spacecraft maneuvering and deorbiting tech
More spacecraft will be sent to orbit this year than ever before in human history, and the number of satellite launches is only anticipated to increase through the rest of the decade. Under these crowded conditions, being able to maneuver satellites in space and deorbit them when they reach the end of their useful life […]
Proxy advisor ISS seeks vote against Zoom-Five9 deal on growth doubts
September 17, 2021 (Reuters) – Proxy advisory firm Institutional Shareholder Services on Friday recommended a vote by shareholders against Zoom Video Communications Inc’s $14.7 billion deal for cloud-based call center operator Five9 Inc, citing growth concerns. Though the combined company will have access to a larger market, ISS said, “The all-stock deal exposes Five9 shareholders […]
RBC unit resolves U.S. SEC charges over bond abuses, is fined
September 17, 2021 By Jonathan Stempel (Reuters) -A Royal Bank of Canada unit was censured and will pay more than $863,000 to resolve U.S. regulatory charges it broke rules meant to give retail and institutional investors priority in buying new municipal bonds. In a civil settlement announced on Friday, the U.S. Securities and Exchange Commission […]
WHO’s Tedros seen running unopposed for top job despite Ethiopia snub – sources
September 17, 2021 By Emma Farge, Francesco Guarascio and Giulia Paravicini GENEVA (Reuters) – The World Health Organization’s chief looks set to run unopposed for a second term at the helm as tries to guide the world through its biggest health crisis in a century, sources said. However, Tedros Adhanom Ghebreyesus lacks the support of […]
U.S. to target ransomware payments in cryptocurrency with sanctions – WSJ
September 17, 2021 (Reuters) – The Biden administration is preparing to take actions, including sanctions, to make it more difficult for hackers using digital currency to profit from ransomware attacks, the Wall Street Journal reported https://ift.tt/3hKs2yb on Friday. The U.S. Treasury department plans to impose sanctions as soon as next week, the report said, citing […]
IMF chief in spotlight after China rigging report
September 17, 2021 By Leigh Thomas PARIS (Reuters) – The International Monetary Fund’s ethics committee and board need to look into a report alleging its chief Kristalina Georgieva pressured staff to boost China’s ranking in a flagship report while at the World Bank, a French finance ministry source said on Friday. Georgieva has headed the […]
Factbox-Trump’s revenge endorsements drive Republican congressman from race
September 17, 2021 WASHINGTON (Reuters) – Former President Donald Trump has endorsed challengers to five congressional Republicans, part of his effort to assert dominance over the party after losing his November re-election bid to Democrat Joe Biden. Trump’s fire has been focused on the handful of Republican lawmakers who voted to impeach him on a […]
Second Dutch minister resigns over Afghan refugee crisis
September 17, 2021 AMSTERDAM (Reuters) – Dutch Defence minister Ank Bijleveld on Friday said she would resign over her handling of the evacuation of refugees from Afghanistan last month, following a similar move by Foreign minister Sigrid Kaag. A majority of parliament on Thursday said both ministers bore responsibility for the government’s slow response to […]
Extra Crunch roundup: Adtech investing, Intuit buys Mailchimp, ideal customer profiles
Major gains in online advertising have boosted valuations for adtech startups since the pandemic began, but one insider says investors are missing the party. “Adtech is having a moment,” writes industry veteran Casey Saran. “And while much of the oxygen has been soaked up by large legacy companies hitting the public market, there have been […]
Olympics – ‘Together for a Shared Future’ unveiled as motto for Beijing 2022 Games
September 17, 2021 (Reuters) – The Beijing 2022 Winter Olympics unveiled its official motto, “Together for a Shared Future”, during a ceremony at the city’s Capital Museum on Friday. Chen Ning, director general of Beijing 2022’s Culture and Ceremonies Department, said that the slogan was a commitment towards overcoming global challenges as a community with […]