September 16, 2021 By Marc Jones LONDON (Reuters) – International investors that have been piling into China in recent years are now bracing for one of its great falls as the troubles of over-indebted property giant China Evergrande come to a head. The developer’s woes have been snowballing since May. Dwindling resources set against 2 […]
News
Cuban leader visits Mexico for new Latin America ‘pink tide’ summit
September 16, 2021 MEXICO CITY (Reuters) -Cuban President Miguel Diaz-Canel attended a lavish military parade at Mexico’s 200th anniversary of independence on Thursday, ahead of a summit that will convene recently elected members of a “pink tide” of leftist Latin American leaders. The presidents of Argentina, Bolivia, Peru and elsewhere will meet on Saturday at […]
Soccer-FIFA says survey shows majority of fans back more frequent World Cups
September 16, 2021 By Simon Evans MANCHESTER, England (Reuters) – FIFA says it has fan backing for the much-criticised plan to shift to a biennial World Cup after releasing a summary of the results of an opinion survey of supporters. The proposals, which have been outlined by FIFA’s head of Global Football Development, former Arsenal […]
Continental spin-off Vitesco falls flat in market debut
September 16, 2021 By Victoria Waldersee and Arno Schuetze BERLIN (Reuters) -Shares in Vitesco Technologies closed lower on Thursday after a volatile market debut, with the German car parts maker poised to fend for itself in the electric vehicle transition after spinning off from Continental. For Continental’s shareholders, who received one Vitesco share for every […]
Bondholders of China Evergrande select advisers – sources
September 16, 2021 By Tom Arnold and Kirstin Ridley LONDON (Reuters) – A group of China Evergrande Group bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, two sources close to the matter said. The advice focuses on around […]
World Bank kills business climate report after ethics probe cites ‘undue pressure’ on rankings
September 16, 2021 By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The World Bank Group on Thursday said it ended publication of its “Doing Business” report on country investment climates after a probe of data irregularities cited “undue pressure” by top bank officials, including then-Chief Executive Kristalina Georgieva, to boost China’s ranking in 2017. […]
For the love of the loot: Blockchain, the metaverse and gaming’s blind spot
Jonathan Stringfield Contributor Share on Twitter Jonathan Stringfield, PhD, is VP and Global Head of Business Marketing, Measurement and Insights at Activision Blizzard Media and Esports. The speed at which gaming has proliferated is matched only by the pace of new buzzwords inundating the ecosystem. Marketers and decision makers, already suffering from FOMO about opportunities […]
Facebook rolls out new messaging, business tools for brands
September 16, 2021 By Sheila Dang (Reuters) – Facebook Inc is rolling out new ways for businesses to find and chat with potential customers on its apps, the social media company said Thursday, as it seeks to become an online shopping destination. The new features will help Facebook, already a leader in digital advertising, offer […]
Probe found ‘undue pressure’ from World Bank leaders to boost China business rankings
September 16, 2021 WASHINGTON (Reuters) – An investigation conducted by law firm Wilmerhale concluded that leaders of the World Bank applied “undue pressure” to secure changes aimed at improving China’s ranking in the bank’s “Doing Business 2018” and those of other countries in the 2020 report. The report cited “direct and indirect pressure” from senior […]
European stocks rise as travel shares jump on Ryanair forecast
September 16, 2021 By Shreyashi Sanyal (Reuters) – European stocks rose on Thursday as travel stocks snapped a four day losing streak after Ryanair lifted its long-term traffic forecast, offsetting concerns about China’s slowing economy that dragged down miners. The pan-European STOXX 600 index climbed 0.4%, bouncing off a six-week closing low hit in the […]
Exclusive-HRW: Eritrean and Tigrayan forces killed and raped refugees
September 16, 2021 By Katharine Houreld NAIROBI (Reuters) – Eritrean soldiers and Tigrayan militias raped, detained and killed Eritrean refugees in Ethiopia’s northern region of Tigray, an international rights watchdog said on Thursday. Human Rights Watch’s report detailed attacks around two camps in Tigray, where local forces have battled the Ethiopian government and their Eritrean […]
Tallest teen, fastest hair skipping among 2022 Guinness World Records
September 16, 2021 LONDON (Reuters) – From the dog with the longest ears to the world’s tallest teenager, Guinness World Records reveals its latest record breakers in the 2022 edition of the popular book. The annual publication, out on Thursday, features an array of records and feats, including the fastest walking on hands and the […]
Argentina’s Fernandez calls for unity as political ‘circus’ spooks markets
September 16, 2021 By Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s center-left President Alberto Fernandez called for unity on Thursday after a rebellion from hard-left ministers threatened to break apart the ruling coalition following a bruising loss in a midterm primary election. The government was shaken on Wednesday https://ift.tt/3ElENsK after interior minister […]
Crypto’s networked collaboration will drive Web 3.0
Harry Alford Contributor Share on Twitter Harry is a Business Development Manager at Coinbase Cloud, formerly Bison Trails, where he leads sales and business development efforts for key protocols and engagements with major financial institutions, funds, exchanges, and custodians. Web 1.0 was the static web, and Web 2.0 is the social web, but Web 3.0 […]
Ford to boost F-150 Lightning production capacity to 80,000 per year
September 16, 2021 (Reuters) – Ford Motor Co said on Thursday it would boost its F-150 Lightning production capacity to 80,000 per year due to strong demand for the electric pickup truck, adding that the vehicle would go on sale next spring. The U.S. automaker said it would invest $250 million and add 450 hourly […]
Confluent CEO Jay Kreps is coming to TC Sessions: SaaS for a fireside chat
As companies process ever-increasing amounts of data, moving it in real time is a huge challenge for organizations. Confluent is a streaming data platform built on top of the open source Apache Kafka project that’s been designed to process massive numbers of events. To discuss this, and more, Confluent CEO and co-founder Jay Kreps will […]
Exclusive-U.S. to award Newark flights to low-cost carrier
September 16, 2021 By David Shepardson and Diane Bartz WASHINGTON (Reuters) -The Biden administration will announce on Thursday it plans to award 16 slots for flights at Newark International airport in New Jersey to a low-cost carrier to spur competition at the busy northeast U.S. airport, documents seen by Reuters show. Separately, the Federal Aviation […]
Malaysia says auditor KPMG to pay $80 million in 1MDB settlement
September 16, 2021 By Liz Lee KUALA LUMPUR (Reuters) – Malaysia said on Thursday audit firm KPMG has agreed to pay a 333 million ringgit ($80.11 million) settlement to resolve all claims related to their fiduciary duties on auditing of 1Malaysia Development Berhad (1MDB) accounts from 2010 to 2012. The finance ministry said in a […]
Whatnot raises another $150M for its livestream shopping platform, evolves into a unicorn
Whatnot, a live streaming shopping platform for collectors to buy and sell things like rare Pokémon cards and Funko Pops, has closed a $150M Series C — its third round of fundraising in 2021 alone. This round pins Whatnot’s valuation at $1.5B, earning it a spot on the ever-growing list of unicorns. So what’s a […]
Facebook revamps its business tool lineup following threats to its ad targeting business
Facebook today is announcing the launch of new products and features for business owners, following the threat to its ad targeting business driven by Apple’s new privacy features, which now allow mobile users to opt out of being tracked across their iOS apps. The social networking giant has repeatedly argued that Apple’s changes would impact […]