September 17, 2021 MUMBAI (Reuters) – Nearly 90% of people in India’s financial capital, Mumbai, are estimated to have COVID-19 antibodies, according to the civic body survey released on Friday. The fifth blood serum survey which tests for antibodies, known as a sero survey conducted between August and early September included 8,674 adults out of […]
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A knock against bootstrapping
Natasha and Mary Ann and Alex were all aboard this week under the guidance of Chris and Grace, which meant we had the full team. And speaking of teams, Mary Ann is joining the Friday show on a weekly basis now. She’s been a friend for years, and a colleague now twice-over for Natasha and Alex and we could not be more […]
The value of software revenue may have finally stopped rising
Startups are raising record sums around the world, thanks to several contributing factors. As The Exchange explored yesterday, historically low interest rates have helped venture capitalists raise more capital than ever, to pick an example. Low rates have helped startups in another manner: As yields fell for certain assets, investors chased returns by betting on […]
Exclusive: China Evergrande’s lenders weigh up loan losses, rolling over credit – sources
September 17, 2021 BEIJING/HONG KONG (Reuters) – One of China Evergrande Group’s main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters. The Chinese banks’ measures, reported for the first […]
U.S. sanctions several Hong Kong-based Chinese entities over Iran -website
September 17, 2021 (Corrects to clarify sanctions) WASHINGTON (Reuters) – The United States issued Iran-related sanctions targeting several Hong Kong-based Chinese entities, according to a notice posted on the U.S. Department of Treasury website on Friday. The entities listed include Black Drop Intl Co Ltd, China 49 Group Co Ltd, Damineh Optic Ltd, PCA Xiang […]
Canadian dollar clings to weekly gain as China injects liquidity
September 17, 2021 TORONTO (Reuters) – The Canadian dollar edged higher against its U.S. counterpart on Friday as the central bank of top commodity consumer China moved to calm markets, while Canada’s 10-year yield climbed to a five-week high. Copper prices rose after the People’s Bank of China infused liquidity to ease nerves caused by […]
November? December? Fed’s ‘taper’ timeline tied to volatile jobs data
September 17, 2021 By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve, facing a labor market that may be stalling or on the cusp of a surge, is expected next week to open the door to reducing its monthly bond purchases while tying any actual change to U.S. job growth in September and beyond. Fed officials, […]
Pelosi predicts ‘what’s his name’ would fail in a 2024 White House run
September 17, 2021 (Reuters) – Former U.S. President Donald Trump might make another White House run in 2024, but if he does, he will take his place in American history as a two-time loser, House of Representatives Speaker Nancy Pelosi predicted on Thursday. Visiting England for a meeting of parliamentary leaders from G7 countries, the […]
Biden urges countries to join pledge to reduce methane emissions in climate fight
September 17, 2021 By Jeff Mason and Alexandra Alper WASHINGTON (Reuters) -U.S. President Joe Biden urged world leaders on Friday to join the United States and the European Union in a pledge to cut methane emissions to help build momentum ahead of an international summit on climate change later this year. Biden held a virtual […]
Taliban replaces women’s ministry with ministry of virtue and vice
September 17, 2021 By Alasdair Pal (Reuters) – Workers in the Afghan capital Kabul replaced signs for the country’s women’s ministry with those for the Taliban’s moral police on Friday, as female former employees of the department said they had been locked out of the building. A sign for the building was covered by a […]
Somalia’s president berates Djibouti for detaining his security adviser
September 17, 2021 MOGADISHU (Reuters) – Somalia’s President Mohamed Abdullahi Mohamed on Friday accused neighbouring Djibouti of illegally detaining his national security adviser, a criticism which appeared linked to a destabilising row between the president and his prime minister. Djiboutian authorities held the adviser, Fahad Yasin, preventing him from travelling to Mogadishu by air, the […]
Erdogan and Putin to discuss Syria in Sochi – Turkish officials
September 17, 2021 By Orhan Coskun ANKARA (Reuters) – Turkish President Tayyip Erdogan will visit Russia later this month for talks with President Vladimir Putin about the violence in northwestern Syria, where Moscow and Ankara back opposing sides, two Turkish officials said on Friday. Turkey supports fighters who sought to topple President Bashar al-Assad, while […]
Google reportedly plans to add free channels to its smart TV platform
Mariella Moon Contributor Mariella Moon is an associate editor at Engadget. More posts by this contributor Alphabet’s Project Taara is beaming high-speed internet across the Congo River Tesla ordered to share Autopilot data with the US traffic safety agency Chromecasts and other devices powered by Google TV might give users access to free television channels […]
EasyJet shareholder Stelios Haji-Ioannou shuns rights issue -source
September 17, 2021 LONDON (Reuters) – EasyJet’s biggest shareholder, the family of founder Stelios Haji-Ioannou, has decided not to participate in the British airline’s 1.2 billion pound rights issue and has sold its rights to buy new shares, a source familiar with the situation said. The Haji-Ioannou family has sold 76.3 million nil paid rights […]
Bad for business: World Bank China rigging scandal rattles investors
September 17, 2021 By Tom Arnold and Marc Jones LONDON (Reuters) – Economists at investment funds expressed dismay on Friday at revelations that World Bank leaders put “undue pressure” on staff to boost China’s ranking in its influential “Doing Business 2018” report, and the series’ subsequent cancellation. They said the World Bank’s discontinuation of the […]
Regional powers at summit demand U.S. fund Afghan aid
September 17, 2021 MOSCOW (Reuters) – Russia, China, Pakistan and other regional states called on the United States on Friday to engage with the Taliban and fund aid to Afghanistan, though they also urged the former insurgents to yield power to a more inclusive government. The fate of Afghanistan dominated a summit of the Shanghai […]
Swiss impose new COVID-19 testing requirements for some travellers
September 17, 2021 ZURICH (Reuters) – Travellers entering Switzerland who have not been vaccinated against COVID-19 or recovered from the virus will need to provide a negative test result from Monday, the government said on Friday, as it seeks to stem a further spike in infections. “The Federal Council wants to prevent an increase in […]
European fund giant Amundi says has $25 million China Evergrande exposure
September 17, 2021 LONDON (Reuters) – Europe’s biggest asset manager Amundi’s exposure to troubled Chinese property giant China Evergrade Group is currently $25 million, less than 10% of what it was earlier in the year, a spokesman for $2 trillion fund firm told Reuters on Friday. EMAXX data, which provides details of funds’ holdings based […]
ECB faces call to end private meetings after Lane leak
September 17, 2021 By Francesco Canepa FRANKFURT (Reuters) -The European Central Bank is facing a call to stop the practice of holding closed-door meetings with the private sector after ECB Chief Economist Philip Lane reportedly disclosed an unpublished inflation forecast at one such event. The Financial Times reported on Thursday that Lane had revealed in […]
West African bloc resorts to sanctions over Guinea and Mali coups
September 17, 2021 By Christian Akorlie ACCRA (Reuters) -West Africa’s main regional bloc on Thursday imposed sanctions against the junta in Guinea and those slowing Mali’s post-coup transition – its toughest response yet to a run of military takeovers. The move was agreed at an emergency summit of the Economic Community of West African States […]