News

September 21, 2021 (Corrects spelling of Seiger’s name) LONDON (Reuters) – The family of a British teenager killed in a car crash involving a U.S. diplomat’s wife said on Tuesday they had reached a resolution in a civil damages claim over the 2019 accident, and could now focus on a separate criminal case. Harry Dunn, […]

September 21, 2021 By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) -Hungary’s central bank raised its base rate on Tuesday by a smaller-than-expected 15 basis points to 1.65% and pledged similar hikes in the coming months to curb inflation, while it also reduced its bond purchases further. The National Bank of Hungary, which in June […]

September 21, 2021 WASHINGTON (Reuters) – The Biden administration on Tuesday will unveil sanctions against a cryptocurrency exchange over its alleged role in enabling illegal payments from ransomware attacks, officials said, part of a broader bid to crack down on the growing threat. The Treasury Department accuses Suex OTC, S.R.O. of facilitating transactions involving illicit […]

September 21, 2021 By Huw Jones LONDON (Reuters) – Proposed capital rules for banks holding cryptoassets on their books could block lenders from competing in the fast-growing sector, a group of industry lobbying groups said, though they urged watchdogs to act quickly to finalise the regulations. The Basel Committee on Banking Supervision, comprising regulators from […]

September 21, 2021 By Amit Dave SANAND, India (Reuters) – Hundreds of workers at a Ford Motor Co factory in India’s western Gujarat state protested outside the automaker’s plant on Tuesday, demanding that the factory’s closure plan be scrapped or workers be provided other jobs. The blue-uniformed workers gathered outside what is Ford’s car manufacturing […]

September 21, 2021 JOHANNESBURG (Reuters) -A South African court on Tuesday resumed a trial that has dragged out for years over a $2 billion arms deal involving ex-president Jacob Zuma, whose legal team sought to remove a prosecutor they accused of bias. The trial over the 1990s deal was meant to start in May, after […]

September 21, 2021 BOSTON (Reuters) – Florida’s top pension investment officer said on Tuesday he expects the state will divest Unilever PLC in October after the company’s Ben & Jerry’s brand halted sales in the Israeli-occupied West Bank. Ash Williams, chief investment officer of the Florida State Board of Administration, which oversees pension assets, said […]

Uber said Tuesday that it could hit one measure of profitability in the third quarter, earlier than expected as the ride-hailing company saw gains in its delivery and mobility businesses. The ride-hailing service told regulators in a filing this morning that it anticipated an increase in gross bookings and stronger adjusted EBITDA in the quarter […]

It’s the first day of Disrupt, so things are a bit busy here at TechCrunch. In honor of that fact, entries from The Exchange concerning NFT volume viz recent marketplace valuations and how an accelerating pace of change helps startups by exposing more market voids will have to wait. But we do have time this […]

And we’re off to the races! Welcome to the official start of TechCrunch Disrupt 2021. Over the next three days, we play giddy host to icons, trendsetters and emerging technologies — plus a veritable panoply of innovative startups and the brilliant people behind them. Settle in and get ready to mine Disrupt for knowledge, trends, […]

September 21, 2021 By Trevor Hunnicutt and Steve Holland NEW YORK (Reuters) -President Joe Biden defended the chaotic U.S. withdrawal from Afghanistan on Tuesday in a speech to the United Nations, arguing it was a necessary step to pivot U.S. policy to focus on a global challenge from anti-democratic systems, the COVID-19 pandemic and climate […]

September 21, 2021 (Correct typo in first paragraph) By Michelle Nichols UNITED NATIONS (Reuters) -United Nations Secretary-General Antonio Guterres reprimanded the world on Tuesday for the inequitable distribution of COVID-19 vaccines, describing it as an “obscenity” and giving the globe an “F in Ethics.” Addressing the annual U.N. gathering of world leaders in New York, […]

September 21, 2021 By Nathan Allen and Belén Carreño MADRID (Reuters) – Spain’s economic recovery has been gathering pace in the third quarter, prompting a top international organization and the Bank of Spain to improve their forecasts on Tuesday while the Spanish government looked to a return to pre-pandemic activity levels by the end of […]

September 21, 2021 By Toby Sterling and Sudip Kar-Gupta AMSTERDAM (Reuters) – Universal Music Group’s shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run. The world’s biggest music label, which represents musicians and song catalogues from […]

September 21, 2021 (Reuters) -Sports betting firm DraftKings has made a $20 billion cash-and-stock offer for Ladbrokes owner Entain Plc, CNBC reported on Tuesday, citing sources. The offer price is roughly 2,500 pence per share, according to CNBC’s David Faber, largely in DraftKings stock along with a cash component. (https://bit.ly/3hOgEBx) The deal would give DraftKings, […]

September 21, 2021 By Elizabeth Howcroft LONDON (Reuters) – Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain’s Gerard Pique also investing, the company said on Tuesday. Paris-based Sorare said the investment valued the company at $4.3 billion. Founded […]

September 21, 2021 WASHINGTON (Reuters) – The U.S. House of Representatives on Tuesday is scheduled to debate and vote on legislation to fund the federal government through Dec. 3 and raise the nation’s borrowing limit, according to the House Appropriations Committee. (Reporting by Richard Cowan; Writing by Susan Heavey) Source Link U.S. House to vote […]

September 21, 2021 DUBAI (Reuters) – Iran said on Tuesday that talks with world powers over reviving its 2015 nuclear deal would resume in a few weeks, the official Iranian news agency IRNA reported. “Every meeting requires prior coordination and the preparation of an agenda. As previously emphasised, the Vienna talks will resume soon and […]

September 21, 2021 BERLIN (Reuters) – A German court ordered on Tuesday the removal of election posters saying “Hang The Greens” placed by a far-right party with suspected links to neo-Nazi groups. The posters festooning the city of Zwickau were put up by The Third Way, a small party monitored by security services, days before […]

Tumblr is entering open beta for its subscription product Post+, meaning that all U.S. users can now try out the monetization feature. The product launched in closed beta in July, allowing users hand-picked by Tumblr to place some of their content behind a monthly paywall. This marked the first time that Tumblr allowed bloggers to […]