News

October 6, 2021 By Foo Yun Chee BRUSSELS (Reuters) -Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion acquisition of British chip designer Arm, a European Commission filing showed on Wednesday. The deal announced by world’s biggest maker of graphics and AI chips last year has sparked concerns […]

October 6, 2021 BERLIN (Reuters) -Swiss-based Nord Stream 2 AG is entitled to challenge EU gas rules, an adviser to the EU’s top court said on Wednesday, saying that the court should annul last year’s ruling against the pipeline operator. The finding, if confirmed by the Court of Justice of the European Union (CJEU), would […]

October 6, 2021 By Paul Lorgerie ANSONGO, Mali (Reuters) – When the soldiers reached the end of the road, they descended from their trucks and motorbikes and partially deflated the tyres to make it easier going across the soft terrain of eastern Mali. Then they rumbled onwards in the moonlight along a grassy trail that […]

The developing world represents the best chance of growth for large internet companies, and today one of the very biggest set out its strategy for how it plans to tackle that. Google said that it would be investing $1 billion to support “digital transformation” across Africa. This will include landing a subsea cable into the […]

Mauritius and U.K.-based investment company Juven went live today with plans to fund growth-stage technology and consumer companies in Africa. The one-year-old firm is looking to invest large checks in companies “that have proven business models, strong revenue traction and large addressable markets,” it said in a statement. Juven is one of the few investment […]

October 6, 2021 By Karen Lema and Neil Jerome Morales MANILA (Reuters) – Philippines human rights groups staged protests on Wednesday to denounce an attempt by the son and namesake of late dictator Ferdinand Marcos to return his family to power by vying for the presidency. Marcos, accompanied by wife and two sons, filed his […]

October 6, 2021 By Gibran Naiyyar Peshimam and Jorge Silva KABUL (Reuters) – Hundreds of Afghans flocked to the passport office in Kabul on Wednesday, just a day after news that it would re-open this week to issue the documents, while Taliban security men had to beat back some in the crowd in efforts to […]

October 6, 2021 By Kate Abnett BRUSSELS (Reuters) – The European Union said on Wednesday it would scrutinise its power market design and consider proposals to revamp EU regulation, as the bloc seeks to keep its plans to tackle climate change on track amid record-high energy costs. European electricity and gas prices have rocketed higher […]

October 6, 2021 VATICAN CITY (Reuters) – Pope Francis said on Wednesday he was saddened and shamed by the Catholic Church’s inability to deal with sexual abuse of children in France and that the Church must make itself a “safe home for everyone”. “I would like to express to the victims my sadness, sorrow for […]

October 6, 2021 AYUTTHAYA, Thailand (Reuters) – Several temples in Thailand’s historic city of Ayutthaya were underwater on Wednesday, as heavy monsoon rains flooded provinces across the country. More than 40 temples in Ayutthaya, home to ancient Buddhist temples, ruins, and monuments, have been affected by the floods, the city administration said. At one of […]

October 6, 2021 BERLIN (Reuters) – Germany’s Greens said on Wednesday they wanted to move to three-way talks with the centre-left Social Democrats (SPD) and liberal Free Democrats (FDP) on forming a new coalition government following a national election late last month. Greens co-leader Robert Habeck told reporters his party “is proposing to the FDP […]

Wayve, a U.K.-based self-driving startup that is notable for its use of deep learning and cameras rather than more-costly Lidar and other sensors to guide vehicles, is gearing up for its next stage of development with a strategic backer in its pocket. Today Ocado — the online grocer that also powers online grocery systems for […]

If there’s a sector that has seen the biggest uptick in the number of startups and venture capital in emerging markets since the start of last year, it has to be the digitization of mom and pop stores. Today, a new activity takes us to Morocco, where YC-backed company Chari just raised a $5 million […]

October 6, 2021 DUBLIN (Reuters) – A final text of a global corporate tax overhaul is due to be circulated to negotiating countries later on Wednesday, Ireland’s foreign minister said, adding that the Irish government hoped to sign up. An updated draft this week dropped “at least” from a proposed minimum global corporate tax rate […]

October 6, 2021 BENGALURU (Reuters) – Sequoia Capital-funded Mobile Premier League (MPL) was among the first few gaming startups that began blocking access to users in the Indian state of Karnataka on Wednesday following a ban on online gaming. The law, which came into effect late on Tuesday, bans online games involving betting and wagering, […]

October 6, 2021 PHNOM PENH (Reuters) – Cambodian leader Hun Sen on Wednesday ordered the justice ministry to amend the constitution to bar holders of the country’s top posts, including the prime minister, from being citizens of other nations. On his Facebook page, Hun Sen said the prime minister, upper and lower houses speakers and […]

October 6, 2021 A look at the day ahead from Dhara Ranasinghe. U.S. and European bond yields are up sharply, stock market futures are deep in the red and oil is holding near multi-year highs. Yes, it’s going to be one of those days. Inflation angst continues to grip world markets with U.S. and German […]

October 6, 2021 By Huw Jones LONDON (Reuters) – Stablecoins would have to comply with the same safeguards as their more traditional competitors in payments under proposals from regulators on Wednesday as authorities get to grips with a rapidly evolving sector. Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies, or […]

October 6, 2021 PHNOM PENH (Reuters) – Cambodian leader Hun Sen on Wednesday ordered the justice ministry to amend the constitution to bar holders of the country’s top posts, including the prime minister, from being citizens of other nations. On his Facebook page, Hun Sen said the prime minister, upper and lower houses speakers and […]

October 6, 2021 By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, raised its full-year outlook as it reported a 16.6% rise in first-half core retail profit and increased sales despite labour and supply chain disruption and tough COVID-19 related comparisons a year ago. The group said on Wednesday its strong first-half performance had enabled […]