News

September 21, 2021 By David French and Jessica Resnick-Ault (Reuters) -Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second […]

New York-based Blackbird.AI has closed a $10 million Series A as it prepares to launched the next version of its disinformation intelligence platform this fall. The Series A is led by Dorilton Ventures, along with new investors including Generation Ventures, Trousdale Ventures, StartFast Ventures and Richard Clarke, former chief counter-terrorism advisor for the National Security […]

Pipe, a two-year-old startup that aims to be the “Nasdaq for revenue,” announced today it has snagged former Stripe EIC Sid Orlando and HubSpot’s ex-Chief Strategy Officer Brad Coffey to serve on its executive team. The Miami-based fintech also revealed today its first expansion outside of the United States with its entry into the U.K. […]

September 21, 2021 COPENHAGEN (Reuters) – Denmark risks falling short of its 2030 climate targets unless it builds far more wind and solar farms and overcomes bureaucracy and local resistance to turbines, lobby group WindDenmark said on Tuesday. Home to wind pioneers Orsted and Vestas, Denmark is viewed as a front-runner in combating climate change […]

September 21, 2021 BRUSSELS (Reuters) – France is assessing all options in response to Australia’s scrapping of a $40 billion submarine contract, French European affairs minister Clement Beaune said on Tuesday, while urging Britain to respect its post-Brexit commitments. Australia said last week it would cancel an order for conventional submarines from France and build […]

September 21, 2021 LA PALMA, Spain (Reuters) -Lava gushing from the Canary Islands’ first volcanic eruption on land in 50 years has forced authorities to evacuate another part of El Paso municipality on the island of La Palma and to urge sightseers attracted by the phenomenon to stay away. People from the neighbourhood of Tacande […]

September 21, 2021 LONDON (Reuters) – The European Court of Human Rights ruled on Tuesday that Russia was responsible for the 2006 killing of Alexander Litvinenko who died an agonising death after he was poisoned in London with Polonium 210, a rare radioactive isotope. “Russia was responsible for assassination of Aleksandr Litvinenko in the UK,” […]

September 21, 2021 LONDON (Reuters) – Britain could look at providing some kind of economic support for the U.S. company that provides 60% of its carbon dioxide, CF Industries, after it was hit by the surge in gas prices, business minister Kwasi Kwarteng said on Tuesday. CF has halted its operations at two plants in […]

September 21, 2021 By Robert Muller PRAGUE (Reuters) – Czech central banker Tomas Holub said that he would likely support a 50 basis point rate increase at the next policy meeting on Sept. 30, adding to signals that the central bank could deliver its biggest hike since 1997 next week. Speaking to Reuters in an […]

September 21, 2021 By Hideyuki Sano TOKYO (Reuters) – Concern that China Evergrande may default https://ift.tt/3nS9CzB on its mountain of debt hit shares of toilet maker Toto and other Japanese firms that are seen vulnerable to a further slowdown in China’s property development. Toto lost 6.1 % on Tuesday, extending its fall since Thursday to […]

Year-old startup Capiter announced last week that it raised a $33 million Series A to digitize Egypt’s traditional offline retail market. It’s looking to take a large pie in the budding e-commerce and retail play, where multiple startups are pulling their weight including Cartona, also a year-old startup out of Egypt. Today, Cartona is announcing that […]

September 21, 2021 BRUSSELS (Reuters) – France’s European affairs minister Clement Beaune urged Britain on Tuesday to uphold its side of post-Brexit deals and restore trust. Beaune said Britain was not properly applying the fisheries part of the EU-UK trade deal or the protocol governing the trading position of Northern Ireland. “You cannot say that […]

September 21, 2021 By David Milliken and Andy Bruce LONDON (Reuters) -British public borrowing declined less sharply than expected in August and was its second-highest on record for the month, government figures showed on Tuesday, highlighting the hefty ongoing costs of the COVID-19 pandemic. Public sector net borrowing, excluding state-controlled banks, fell to 20.5 billion […]

September 21, 2021 (Reuters) – New Zealand’s central bank dampened expectations of a big interest rate hike when it meets next month, with comments on Tuesday that indicated it may take a more cautious approach. The Reserve Bank of New Zealand (RBNZ) Assistant Governor Christian Hawkesby said in a speech that amid uncertainty, when the […]

September 21, 2021 (Reuters) – European shares rose on Tuesday after their biggest fall in two months on easing worries about the spillover from the crisis at China’s Evergrande, although gains were capped by fears major central banks could announce a tapering in stimulus. The pan-European STOXX 600 was up 0.6% by 0704 GMT after […]

September 21, 2021 LONDON (Reuters) – British home improvement retailer Kingfisher reported a 61.6% jump in first-half profit on the back of a pandemic do-it-yourself boom and raised its sales expectations for the second half. The group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other […]

September 21, 2021 (Reuters) -AstraZeneca said on Tuesday it would invest $360 million to develop a manufacturing facility in Ireland to produce active pharmaceutical ingredients (APIs), or the main components of medicines. The Anglo-Swedish drugmaker, which completed its $39 billion purchase of rare disease drugs maker Alexion in July, has a large portfolio of treatments […]

September 21, 2021 By Florence Tan SINGAPORE (Reuters) – A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. “Going forward we will be touching by 2050 somewhere very close to 90% of electrification,” Mukesh Sahdev, […]

September 21, 2021 A look at the day ahead from Julien Ponthus This week was supposed to be all about the so-called ‘dot plot’ and what kind of rate-rise projections U.S. Federal Reserve policymakers might make. Came Monday morning though, default worries surrounding Chinese property firm Evergrande triggered a selling storm the likes of which […]

September 21, 2021 PARIS (Reuters) – French artificial heartmaker Carmat announced on Tuesday that it had carried out the first implant of its Aeson artificial heart in a woman. The company said the procedure had been performed at the UofL Health – Jewish Hospital by University of Louisville physicians in the United States. “This third […]