September 21, 2021 WASHINGTON (Reuters) – The U.S. market is in a better position to absorb a potential global shock from a major company default compared with the years prior to the 2007-2009 financial crisis, Securities and Exchange Commission (SEC) chair Gary Gensler said on Tuesday. Gensler’s remarks follow a jittery trading day for Wall […]
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Factbox-What analysts have to say about Evergrande as default risks rise
September 21, 2021 HONG KONG (Reuters) – Worries about the fate of beleaguered developer China Evergrande Group have rattled markets around the world, and investors are looking for possible intervention by Beijing to stem any domino effects across the global economy.[L1N2QN02R] Here are some highlights of what analysts have been saying about the cash-strapped company […]
GM details the motors that will power its electric Hummer and other EVs
Igor Bonifacic Contributor Igor Bonifacic is a contributing writer at Engadget. More posts by this contributor Rivian announces membership plan with complementary charging and LTE connectivity Microsoft Office 2021 will be available on October 5th General Motors has spent a lot of time recently talking up the capabilities of its upcoming Ultium battery technology but […]
Seth Rogen explains how Houseplant promotes cannabis without breaking the rules
I was annoying Seth Rogen. We had just started the interview, and while he politely answered my questions, he was growing tired of talking about his celebrity status. He was more interested in discussing how the company he co-founded is succeeding by overcoming countless regulatory hurdles. To him, that success has little to do with […]
British employers offer more signing bonuses in tight labour market – survey
September 21, 2021 (Reuters) – Some British employers are offering more signing bonuses to tackle labour shortages and overcome hiring bottlenecks, data from Indeed Hiring Lab’s quarterly report showed on Tuesday. The share of job postings advertising signing bonuses on Indeed UK rose 75% to 0.51% in the three months ending August 31, especially for […]
EU plans to legislate for common phone charger despite Apple grumbles
September 21, 2021 By Foo Yun Chee BRUSSELS (Reuters) – The European Commission will on Thursday present a legislative proposal for a common charger for mobile phones, tablets and headphones, a person familiar with the matter said – a move likely to affect iPhone maker Apple more than its rivals. The European Union executive and […]
With Gucci bags and Dyson appliances, Evergrande wooed retail investors
September 21, 2021 SHANGHAI (Reuters) – Lured by the promise of yields approaching 12%, gifts such as Dyson air purifiers and Gucci bags, and the guarantee of China’s top-selling developer, tens of thousands of investors bought wealth management products through China Evergrande Group. Now, many fear they may never get their investments back after the […]
Former F1 driver Rosberg, Agnelli’s Exor invest in adopt-a-tree site Treedom
September 21, 2021 FLORENCE (Reuters) – Former Formula One world champion Nico Rosberg and Agnelli family holding company Exor are among the new investors in Italy’s Treedom, an e-commerce platform on which customers pay for having trees planted around the world. The company, founded in Florence in 2010, will receive 10 million euros ($12 million) […]
Wall Street recovers from Evergrande-led rout as defensives rise
September 21, 2021 By Ambar Warrick (Reuters) – U.S. stock indexes rose on Tuesday, recovering from a selloff a day earlier, as investors weighed the risk of contagion from troubles at debt-saddled developer China Evergrande, while awaiting the outcome of a Federal Reserve policy meeting. Healthcare and real estate, seen as defensive sectors in a […]
Harry Styles, Celeste triumph at Ivor Novello songwriting awards
September 21, 2021 By Mindy Burrows LONDON (Reuters) – Singers Harry Styles, Celeste and Lianne La Havas triumphed at the Ivor Novellos in London on Tuesday, winning prizes at the annual awards honouring songwriting and screen composers. More than half of the winners picked up their first Ivor at the ceremony, including La Havas who won […]
Facebook adds a battery-powered smart screen to the Portal line
The Portal line has always been a kind of odd duck in the world of smart screens. Facebook’s most significant contribution to the category is almost certainly Smart Camera, which uses AI to track a subject and pan and zoom accordingly to keep them in frame. It was the first big line to bring the […]
Roblox to add opt-in age verification for players and developers
Roblox is introducing an optional age verification for its users that will combine an ID check with a selfie scan. While the system will not be needed to play most Roblox games, it will be required for those who want to gain early access to Roblox’s upcoming voice chat features when they roll out later […]
Marketplace platform Mirakl raises $555 million at $3.5 billion valuation
French startup Mirakl has closed a new Series E funding round of $555 million. Following this round, the company is now valued at $3.5 billion. Mirakl helps you launch a marketplace on your online store for your end customers or for your B2B clients. It’s a software-as-a-service marketplace, meaning that Mirakl manages the marketplace for […]
Mercedes-Benz prices its flagship EQS electric vehicle below the S Class
The Mercedes-Benz has priced the flagship EQS electric vehicle more than $8,700 below its gas-powered S-Class counterpart, a strategic move by the German automaker aiming to ensure a successful rollout of the luxury EV in North America. The EQS, which will arrive in U.S. dealerships in fall 2021, will start at $103,360, including the $1,050 […]
U.S. Senate may vote soon on Chopra’s move to CFPB
September 21, 2021 WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer told lawmakers on Tuesday that he will begin the process of bringing Rohit Chopra’s nomination to lead the Consumer Financial Protection Bureau to the floor for a vote. In his remarks, Schumer praised Chopra as having a long history of defending middle class […]
U.S. Senate’s Schumer mulls passing election reform without Republicans
September 21, 2021 By Richard Cowan WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer signaled to Republicans on Tuesday that if they block an upcoming election reform bill, he will look for a path around the chamber’s filibuster rule to try to pass it with only Democratic support. Schumer noted that Democratic Senator Joe Manchin, […]
Houthis rally in north Yemen as their fighters push south
September 21, 2021 SANAA (Reuters) – Thousands of supporters of Yemen’s Houthis rallied in the capital Sanaa on Tuesday to celebrate the seventh anniversary of the ousting of the government, as the group’s fighters pushed through frontlines in oil-producing regions of the country. The Iran-aligned movement swept into the capital and most of north Yemen […]
WHO’s Tedros wins German backing for second term
September 21, 2021 BERLIN (Reuters) – German Health Minister Jens Spahn backed a second term for World Health Organization chief Tedros Adhanom Ghebreyesus and called on other countries to support the former Ethiopian health minister ahead of a deadline this week. “We invite partner countries to join us nominating DG (Director General) Tedros,” Spahn told […]
For BioNTech, the COVID-19 vaccine was simply the opening act
BioNTech’s founding story dates back to the late 1990s, when CEO and co-founder Uğur Şahin, his wife and co-founder Özlem Türeci, and the rest of the seven-person founding team began their research. Focused specifically on an area dubbed “New Technologies,” mRNA stood out as one area with tremendous potential to deliver the team’s ultimate goal: […]
Audi launches its newest EV, the 2022 Q4 e-tron SUV
Audi has launched the Q4 e-tron, the fifth electric vehicle in its growing portfolio, as part of the German automaker’s plan to bring more than 30 EVs and plug-in hybrids to market by 2025. The Q4 e-tron is Audi’s entry electric SUV model and the price reflects that. The vehicle, which was first revealed as a […]