October 1, 2021 MEXICO CITY (Reuters) -Mexico has sent a proposed electricity reform to Congress seeking to boost the role of the state power utility, marking another effort by President Andres Manuel Lopez Obrador to roll back the last government’s liberalization of the energy market. The bill, which also calls for the government to be […]
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The first win: Getting early customers to take a chance with you
New companies face innumerable challenges around fine-tuning their product and constructing the appropriate revenue model. You may be looking ahead to raising some funds and trying to juggle the administrative aspects of running a business, but before all that, the purpose of your company is to sell your solution and generate revenue. But to do […]
Bitcoin climbs to highest in nearly two weeks
October 1, 2021 By Gertrude Chavez-Dreyfuss and Tom Wilson NEW YORK/LONDON (Reuters) -Bitcoin rose on Friday to its highest level since around mid-September, bolstered in part by seasonal factors as well as supportive comments overall from Federal Reserve Chairman Jerome Powell on Thursday. Powell, in testimony to Congress, said the Fed has no intention of […]
N.Korea says it fired ‘remarkable’ new anti-aircraft missile in test
October 1, 2021 By Hyonhee Shin SEOUL (Reuters) – North Korea fired a newly developed anti-aircraft missile on Thursday, state media KCNA reported, the latest in a recent series of weapons tests that has come as denuclearisation talks with the United States have been in deadlock. It was North Korea’s second known weapons test this […]
Venezuela subtracts six zeros from currency, second overhaul in three years
October 1, 2021 CARACAS (Reuters) -Venezuela on Friday launched its second monetary overhaul in three years by cutting six zeros from the bolivar currency in response to hyperinflation, simplifying accounting but doing little to ease the South American nation’s economic crisis. The plan seeks to makes accounting more straightforward at businesses and banks, where systems […]
Greece says will not allow ‘uncontrolled’ migrant flows from Afghanistan
October 1, 2021 By Karolina Tagaris SAMOS, Greece (Reuters) – Greece will not allow a repeat of the 2015 migration crisis to unfold on its borders following the deteriorating situation in Afghanistan, Prime Minister Kyriakos Mitsotakis said on Friday after visiting a new migrant camp on an island near Turkey. The Taliban’s takeover of Afghanistan […]
TechCrunch+ roundup: Alternative financing, Web3 adoption, India’s hot Q3 fundraising
Web3 is still taking shape, so it is hard to define. At TechCrunch Disrupt, Houseparty founder Ben Rubin emphasized decentralization as Web3’s central feature. In today’s Web 2.0, individuals give money and personal data to network operators in exchange for access to information. “In Web3 there is a possibility — not saying that it’s going […]
Stocks bounce but inflation fears persist
October 1, 2021 By Matt Scuffham NEW YORK (Reuters) – Global shares bounced in volatile trading Friday with debate over the timing of future interest rate rises on both sides of the Atlantic intensified by euro zone inflation jumping to a 13-year high. Earlier in the week, global shares suffered their worst rout since January […]
Exclusive-White House, top Democrats reach deal in budget bill on carbon capture credit -sources
October 1, 2021 By Jarrett Renshaw and Timothy Gardner WASHINGTON (Reuters) – The White House and top Democratic lawmakers have agreed to boost a tax credit for industrial carbon capture projects in a deal that could help solidify support for the budget reconciliation bill at the heart of President Joe Biden’s economic agenda, two sources […]
Tunisia’s Ghannouchi says Parliament is in permanent session, calls on MPs to resume work
October 1, 2021 CAIRO (Reuters) – Tunisia’s parliament speaker Rached Ghannouchi said on Friday that the parliament suspended by the president was in permanent session, and called on its members to resume work. “The office of the Assembly of the Representatives of the People is in permanent session,” Ghannouchi, head of the moderate Islamist Ennahda […]
Factbox-How does the Nobel Peace Prize work?
October 1, 2021 By Gwladys Fouche OSLO (Reuters) – The winner of the 2021 Nobel Peace Prize will be announced on Oct. 8 in Oslo. Here is a look at how the award works: WHO CAN WIN? The prize should go to the person “who has done the most or best to advance fellowship among […]
Fed’s Mester repeats first rate hike could come at the end of 2022
October 1, 2021 NEW YORK (Reuters) – The Federal Reserve’s conditions for raising interest rates could be met by the end of 2022, Cleveland Fed Bank President Loretta Mester said on Friday, adding that she expects inflation to come back down to the central bank’s target next year. “I think we’ll see progress in the […]
Soccer-‘Stop attacking our children’: Sparta Prague condemn reports of Kamara abuse
October 1, 2021 (Reuters) – Sparta Prague have hit out at media reports that Rangers midfielder Glen Kamara was targeted by sections of a crowd comprising mainly schoolchildren during Thursday’s 1-0 Europa League home win. In March, Finland’s Kamara had complained of being racially abused by Slavia Prague’s Ondrej Kudela during a Europa League tie […]
Take Five: U.S. jobs & an OPEC oil gathering
October 1, 2021 (Reuters) – Key U.S. jobs numbers on Friday and an OPEC+ meeting on Monday to review oil output as crude prices top $80 dollars a barrel are top of the agenda for markets as 2021 heads into the homestretch following a bumpy Q3 ride. Here are the five stories likely to dominate […]
Wall Street kicks off October with gains, boosted by economic optimism
October 1, 2021 By Stephen Culp (Reuters) – Wall Street advanced in a broad rally on Friday, after sorting out conflicting news about the economy, the battle against COVID, and legislative wrangling in Washington at the start of the fourth quarter. All three major U.S. stock indexes began trending higher by late afternoon, buoyed by […]
iOS 15 update to fix Apple Watch unlock bug is here
Cherylnn Low Contributor Cherlynn Low is reviews editor at Engadget. If you’ve had your iPhone set up to unlock with your Apple Watch and recently upgraded to an iPhone 13, a software bug may have prevented you from continuing to use this. Thankfully, a fix is here and once you install it, you shouldn’t have […]
Ice hockey-Sacked Ukraine league manager said blamed for video of racist incident spreading
October 1, 2021 By Ilya Zhegulev KYIV (Reuters) – The former general manager of the Ukrainian Hockey League (UHL) told Reuters on Friday he was sacked for speaking out against racism and not preventing a video of a racist incident being published on the league’s official website. The video shocked the global hockey community this […]
Wells Fargo must face shareholder fraud claims over its recovery from scandals
October 1, 2021 By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Thursday rejected Wells Fargo & Co’s bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers. The fourth-largest U.S. bank has operated since 2018 under consent orders from […]
Merck COVID-19 pill success slams Moderna shares, shakes up healthcare sector
October 1, 2021 By Lewis Krauskopf and Manojna Maddipatla (Reuters) – Positive clinical trial results for Merck & Co’s experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of vaccine companies and makers of other coronavirus therapies. Merck shares jumped as much as […]
Fast-food chains close some indoor seating as U.S. cities mandate vaccine checks
October 1, 2021 (Corrects home state of Seattle to Washington in last paragraph) By Hilary Russ NEW YORK (Reuters) -As New York, San Francisco and a few other U.S. cities and counties require restaurants to check proof of COVID-19 vaccination to dine indoors, some fast-food chains are simply shutting their seating areas altogether – a […]