News

October 6, 2021 By Paresh Dave (Reuters) – Alphabet Inc’s Google cut fuel use and traffic delays by 10% to 20% at four locations in Israel by using artificial intelligence to optimize signal lights and it next plans to test the software in Rio de Janeiro, the company said on Wednesday. The early-phase research project […]

October 6, 2021 COPENHAGEN (Reuters) -Danish hearing aid and headset maker GN Store Nord said on Wednesday it would acquire gaming gear company Steelseries from Nordic private equity company Axcel in a deal worth 8 billion Danish crowns ($1.25 billion). “We have for some time searched for the right way for GN to enter the […]

October 6, 2021 LONDON (Reuters) -Travel company TUI Group said it would raise 1.1 billion euros ($1.27 billion) in equity to help pay down its pandemic debt, as it reported a jump in holiday bookings in late summer. Germany-based TUI has taken on loans of over 4 billion euros and been bailed out multiple times […]

October 6, 2021 (Reuters) – European stocks tumbled more than 1% on Wednesday as a surge in oil prices intensified concerns over higher inflation, while investors moved out of high-growth tech stocks into banking shares. After a late-session rally on Tuesday, the pan-European STOXX 600 index fell 1.2%, with the tech sector down more than […]

October 6, 2021 PARIS (Reuters) – French luxury group Kering, Richemont’s Cartier, and the Responsible Jewellery Council have teamed up to set environmental targets for watches and jewellery activities, challenging labels in the industry to commit to them too. The move comes amid heightened scrutiny of environmental issues among consumers, especially from the younger generations, […]

October 6, 2021 By Robin Emmott and Sabine Siebold BRDO, Slovenia (Reuters) – European Union leaders failed to overcome divisions over whether to develop an independent defence force despite anger at the chaotic withdrawal of Western forces from Afghanistan and new impetus from France after it was excluded from a U.S. geostrategic pact. Leaders meeting […]

Andreessen Horowitz and Coinbase Ventures have minted a new unicorn in India: CoinSwitch Kuber. The two firms have co-led a $260 million investment in the Bangalore-based cryptocurrency trading startup, valuing the young firm at $1.9 billion, they said on Tuesday. This is a16z’s first investment in India. TechCrunch reported last month — twice — that […]

Google today announced that eco-friendly routes, a feature it first talked about earlier this year, is now live for iOS and Android users in the U.S., with support in Europe launching in 2022. And while this new routing option, which gives drivers the choice between the fastest and most fuel-efficient route, is clearly the highlight […]

Existing technologies for direct air capture technologies require a lot of heat to remove the CO2, after it’s been absorbed into filters. The process to date has been laborious and often highly energy inefficient. What’s often been missing in the process has been a more efficient way of capturing CO2 in the first place. The […]

The founders of Tazah Technologies, a B2B agriculture marketplace in Pakistan, met while serving leadership roles at Uber subsidiary Careem. Abrar Bajwa and Mohsin Zaka bonded during long working hours as the platform dealt with COVID-19’s impact. Eventually, the two started talking about creating their own startup. When asked how they got from ride-hailing to […]

October 6, 2021 By Carolyn Cohn and Huw Jones LONDON (Reuters) – British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many of those vessels, the people chained below deck sometimes categorized as “perishable goods”, alongside cattle, by the market’s underwriters. Lloyd’s involvement in the trans-Atlantic slave […]

October 6, 2021 BERLIN (Reuters) – German industrial orders fell more than expected in August on weaker demand from abroad following two months of unusually strong gains due to major contracts, data showed on Wednesday. The figures published by the Federal Statistics Office showed orders for goods ‘Made in Germany’ were down by 7.7% on […]

October 6, 2021 By Sangmi Cha SEOUL (Reuters) – A South Korean woman who was deluged with thousands of prank calls and text messages after her phone number was highlighted as a key plot point in Netflix’s hit show “Squid Game https://ift.tt/3D22ODQ; may soon get some relief. Netflix and local production company Siren Pictures said […]

October 6, 2021 BERLIN (Reuters) – Shares in Bayer AG rose 2.5% in pre-market trade on Wednesday after the German agricultural and pharmaceuticals firm won its first trial over claims its Roundup weedkiller causes cancer. A California jury found that the herbicide was not a substantial cause of a child’s rare form of non-Hodgkin’s lymphoma, […]

October 6, 2021 By Brenna Hughes Neghaiwi ZURICH (Reuters) – UBS’s wealthy clients have raised $650 million for the biggest biotechnology impact fund ever, the Swiss bank said on Wednesday. Impact investing – a term coined in 2007 – grew out of the desire to extend philanthropic goals into mainstream financial holdings. Alongside financial returns, […]

October 6, 2021 By Carolyn Cohn and Huw Jones LONDON (Reuters) – British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many of those vessels, the people chained below deck sometimes categorized as “perishable goods”, alongside cattle, by the market’s underwriters. Lloyd’s involvement in the trans-Atlantic slave […]

October 6, 2021 By Mike Dolan LONDON (Reuters) – Much higher wages alone would probably not clear churning and distorted global labour markets at the moment – and for many workers, they may not even be the primary demand. If future pay growth dictates whether this year’s headline inflation spikes persist and booming demand for […]

October 6, 2021 STOCKHOLM (Reuters) – Volvo Trucks has received an order for 100 electric trucks from shipping firm DFDS, its biggest commercial electric truck order to date, the Swedish truck maker said on Wednesday. Volvo Trucks, AB Volvo’s main truck brand, said the order was one of the largest ever for heavy electric trucks […]

October 6, 2021 By Jahnavi Nidumolu and Aakriti Bhalla (Reuters) – Alphabet Inc’s YouTube said it has removed R&B singer R. Kelly’s channels from its video platform, distancing itself from the singer who was convicted of sex trafficking last month. R. Kelly was convicted by a federal jury in September in his sex trafficking trial, […]

October 6, 2021 (Reuters) -Here are highlights of Hong Kong leader Carrie Lam’s annual policy address on Wednesday, the last in her current term, mapping out priorities for the former British colony that returned to Chinese rule in 1997. POLITICS – Hong Kong has got back on the right track of “one country, two systems” […]