September 21, 2021 (Reuters) – Video game publisher Activision Blizzard said on Tuesday that it continues to work with regulators on addressing and resolving the workplace complaints it has received. On Monday, the company said the U.S. securities regulator was investigating its disclosures regarding employment matters and related issues. “There is absolutely no place anywhere […]
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U.S. agency confirms air bag safety probe into 30 million vehicles
September 21, 2021 By David Shepardson WASHINGTON (Reuters) -U.S. auto safety investigators said on Tuesday they have opened a probe into 30 million vehicles built by nearly two dozen automakers that have potentially defective Takata air bag inflators. The National Highway Traffic Safety Administration (NHTSA) has opened an engineering analysis into an estimated 30 million […]
Futures bounce 1% from Evergrande-led selloff
September 21, 2021 By Sagarika Jaisinghani and Ambar Warrick (Reuters) – U.S. stock futures rebounded on Tuesday as investors tried to shake off fears of contagion from a potential collapse of China’s Evergrande, although gains were capped by concerns the Federal Reserve could set out a timeline to taper its stimulus at the meeting this […]
With Gucci bags and Dyson appliances, Evergrande wooed retail investors
September 21, 2021 SHANGHAI (Reuters) – Lured by the promise of yields approaching 12%, gifts such as Dyson air purifiers and Gucci bags, and the guarantee of China’s top-selling developer, tens of thousands of investors bought wealth management products through China Evergrande Group. Now, many fear they may never get their investments back after the […]
Uber forecasts first-ever adjusted profit, shares jump 7%
September 21, 2021 (Reuters) -Uber Technologies Inc could post its first profit on an adjusted basis in the current quarter, its chief financial officer said on Tuesday, sending the ride hailing company’s shares up nearly 7% in premarket trading. “With positive adjusted EBITDA in July and August, we believe Uber is now tracking towards adjusted […]
‘This is a prison’: Mexico struggles to hold migrants far from U.S. border
September 21, 2021 By Lizbeth Diaz TAPACHULA, Mexico (Reuters) – A bid by Mexico to contain thousands of migrants on its southern border with Guatemala has created a major humanitarian headache https://ift.tt/3hlHgtc for President Andres Manuel Lopez Obrador, and failed to prevent many from reaching the U.S. border en masse. Desperate for work, fleeing poverty […]
German Social Democrats’ lead narrows days before election
September 21, 2021 BERLIN (Reuters) – Germany’s Social Democrats (SPD) saw their lead over Chancellor Angela Merkel’s conservatives narrow in a poll published on Tuesday, pointing to a tightening race just five days before a federal election. The SPD, whose candidate for chancellor Olaf Scholz is currently vice chancellor and finance minister in Merkel’s grand […]
Blue Bear Capital raises $150M to fund climate, energy and infrastructure tech
Blue Bear Capital has raised a new $150 million fund that will be used to find and invest in startups developing technology aimed at speeding up the adoption and industrialization of renewable energy. This is the venture firm’s second fund, which it says is oversubscribed. Blue Bear has already backed nine new companies since 2020. […]
Japan’s MUFG to sell part of U.S. unit to US Bancorp for $8 billion
September 21, 2021 TOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) said it has agreed to sell the personal banking arm of its U.S. unit MUFG Union Bank to US Bancorp in a cash and stock deal worth $8 billion. The payment will include $5.5 billion in cash and 44 million US Bancorp shares, or a […]
Reserve manager interest in European bonds growing, say bankers
September 21, 2021 LONDON (Reuters) – Foreign central banks and reserve managers are showing growing interest in new debt issued by the European Union and other pan-European bodies, in a positive sign for the euro’s international role, speakers told a virtual financial conference on Tuesday. The EU is selling bonds to finance a fund worth […]
Factbox-Five things to watch at Fed policy meeting this week
September 21, 2021 By Ann Saphir (Reuters) – Federal Reserve policymakers begin a two-day meeting Tuesday to discuss the U.S. jobs and inflation outlook and craft a policy response that could edge the central bank closer to dialing down its support for the economy. Here are five things to look for from the meeting, which […]
PDVSA begins U.S. trial over claim sanctions prevented debt payments
September 21, 2021 By Luc Cohen NEW YORK (Reuters) – Venezuelan state oil company PDVSA will make its case at a U.S. trial beginning on Tuesday that it is not liable for nearly $150 million in debts owed to a unit of Siemens Energy because U.S. sanctions prevented it from making payments. In January 2017, […]
Alan acquires Jour and launches mental health service Alan Mind
French startup Alan is better known for its health insurance products — they now insure 200,000 people. But it has been slowly building a superapp for your health and expanding with new services. Today, the company announced its first acquisition ever with the acquisition of Jour for $20 million. This is going to be the […]
U.N. concerned at U.S. pushbacks of migrants who may need asylum
September 21, 2021 GENEVA (Reuters) – United Nations agencies said on Tuesday that people massed along the U.S.-Mexican border who have a fear of persecution in their homeland, including Haiti, have a right to file a claim seeking asylum and voiced concern at deportations. “We reiterate that while some people arriving at the border may […]
Factbox: Five things to watch for from Canada’s Liberal minority government
September 21, 2021 WINNIPEG, Manitoba (Reuters) – Prime Minister Justin Trudeau’s Liberal Party won its third straight Canadian federal election on Monday and its second consecutive minority government, in which the Liberals rely on another party to govern. Here are five factors to watch for: NEW DEMOCRATIC PARTY DEMANDS The New Democratic Party (NDP), leading […]
New Zealand steps closer to tighter terrorism laws after supermarket knife attack
September 21, 2021 WELLINGTON (Reuters) – New Zealand’s parliament took a step closer on Tuesday to making it easier to arrest and prosecute terrorists planning attacks, just weeks after an Islamic State-inspired assault by a knife-wielding assailant wounded seven people at a supermarket. The Counter-Terrorism Legislation Bill passed its second reading in parliament with the […]
Indian foreign minister urges UK to resolve COVID quarantine dispute
September 21, 2021 By Alasdair Pal and Sanjeev Miglani NEW DELHI (Reuters) – India’s foreign minister on Tuesday urged Britain to remove a rule requiring Indians visiting there to quarantine even if they are fully vaccinated. India’s Covishield vaccine, developed by AstraZeneca and manufactured in India by Pune-based Serum Institute, is not recognised by Britain […]
In Haiti, festive wakes and Voodoo undertakers help mourners say their last goodbyes
September 21, 2021 By Valerie Baeriswyl and Andre Paultre GRAND-BERA, Haiti (Reuters) – Anaira Jules, who lived her whole life in a small hamlet in rural Haiti, had never set foot on a plane. But for her last journey, she was sent off in a gleaming white, plane-shaped coffin complete with a wing-tail and illuminated portholes. […]
Post-pandemic shifts means Patch will take co-working to UK small towns and suburbs
It would be fair to say the pandemic has had enormous effects on the world of work, but it has come at a time when other factors were already ongoing. The decline of main-street shopping due to e-commerce has only been hastened. The shift to remote working has sky-rocketed. And people no longer want to […]
Investors grappling with Evergrande fallout weigh risk of wider pain
September 21, 2021 By David Randall, Maiya Keidan and Svea Herbst-Bayliss NEW YORK (Reuters) -Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande were gauging the potential for a wider shakeout after a selloff hit stocks around the world. For now, many U.S.-based investors believe there is little chance that the […]
