News

October 7, 2021 By Cate Cadell QINZHOU, China (Reuters) – U.S. remote-control maker Universal Electronics Inc told Reuters it struck a deal with authorities in Xinjiang to transport hundreds of Uyghur workers to its plant in the southern Chinese city of Qinzhou, the first confirmed instance of an American company participating in a transfer program […]

October 7, 2021 FRANKFURT (Reuters) -European Central Bank policymakers debated a bigger cut in asset purchases last month and harboured greater inflation concerns than their post-meeting communication suggested, the accounts of the Sept. 9 discussions showed on Thursday. With the economy now on a solid footing and inflation well above the ECB’s target, policymakers are […]

October 7, 2021 (Reuters) – Twitch, a live streaming e-sports platform owned by Amazon.com Inc, on Wednesday blamed “an error” in server configuration change that might have allowed an alleged hacker to leak sensitive information. The platform said it was still assessing the impact and that it had reset all stream keys, or codes that […]

October 7, 2021 By David Lawder WASHINGTON (Reuters) – Governments should start planning a return to more sustainable budgets with policies that win the trust of investors, after unprecedented fiscal stimulus to fight the COVID-19 pandemic, the International Monetary Fund said on Thursday. But each country must determine the appropriate timing and pace of fiscal […]

October 7, 2021 BERLIN (Reuters) – Workers at Opel’s Eisenach plant, which was shut down last week until the end of the year due to chip shortages, on Thursday accused the carmaker’s owner, Stellantis, of exploiting Germany’s furlough scheme to move production out of the country. Union officials fear that Opel, which is bound by […]

October 7, 2021 By Carolina Mandl and Tatiana Bautzer SAO PAULO (Reuters) – Alberto Joseph Safra and his family are close to an agreement over the will of his father, Brazilian billionaire banker Joseph Safra, that could avoid litigation over an almost $15 billion fortune, two sources with knowledge of the matter said on Tuesday. […]

October 7, 2021 By Francois Murphy and Alexandra Schwarz-Goerlich VIENNA (Reuters) -Austria’s Greens, the junior party in the ruling coalition, raised the prospect on Thursday of deposing Chancellor Sebastian Kurz by holding talks with other parties on next steps after he was placed under investigation on suspicion of bribery. All three main opposition parties have […]

October 7, 2021 LONDON (Reuters) – A leading Syrian Kurdish politician said on Thursday the United States will stay on in Syria to destroy Islamic State, build infrastructure and remain a player in the search for a political settlement after more than 10 years of civil war. After meetings in Washington with representatives of the […]

Aside from billions of dollars of personal wealth and historically impressive levels of corporate control, what’s the point of being a successful tech CEO these days? I’m not asking in the abstract. There are tweets.   The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter […]

Paddle, a solutions provider subscription-based businesses, is betting on a future where App Store developers are able to use third-party payment systems — and it wants to be among the first to market with an alternative once such a system is permitted. The company today announced a new in-app purchasing (IAP) system aimed at iOS […]

October 7, 2021 BERLIN (Reuters) – Deutsche Post said on Thursday it would hike its 2021 guidance for the sixth time as the pandemic-spurred boom in e-commerce and parcel shipments continued well into the third quarter of 2021. The Germany-based provider of postal services said it would provide details of the new guidance with final […]

October 7, 2021 (Corrects to show U.S. stocks rose, not fell in paragraph 8) By Ahmad Ghaddar LONDON (Reuters) -Oil prices extended losses from the previous session on Thursday, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas […]

October 7, 2021 MEXICO CITY (Reuters) – Cemex, North America’s biggest concrete producer, said on Thursday that variables including supply chain issues, project delays and foreign exchange effects could impact EBITDA for around $100 million. “We believe on a preliminary basis… that all these variables can impact our EBITDA for an amount of around 100 […]

October 7, 2021 PARIS (Reuters) – Champagne sales are set to reach a four-year high this year, driven by strong exports to the United States and Australia, champagne wine growers lobby SGV said on Thursday, adding that Brexit and a row with Russia had not hit volumes. The forecast should cheer wine producers that face […]

October 7, 2021 DUBAI (Reuters) – Amid the soaring temperatures of the United Arab Emirates, visitors to Expo 2020 Dubai can take refuge at the Singapore pavilion’s mini rainforest. With 80,000 plants from 170 different species, the multi-layered structure is a green oasis amid the arid desert climate. A self-sufficient ecosystem, the hanging gardens and […]

October 7, 2021 ATHENS (Reuters) -A new defence agreement between Greece and France will allow them to come to each other’s aid in the event of an external threat, Greek Prime Minister Kyriakos Mitsotakis said on Thursday, amid increased tensions with Turkey. The strategic military and defence cooperation pact between the two NATO allies was […]

October 7, 2021 By Robin Emmott, John O’Donnell and Jonathan Landay BRUSSELS/FRANKFURT/WASHINGTON (Reuters) – As desperate Afghans resort to selling their belongings to buy food, international officials are preparing to fly in cash for the needy while avoiding financing the Taliban government, according to people familiar with the confidential plans. Planning for the cash airlifts […]

October 7, 2021 By Alexander Ratz BERLIN (Reuters) -Germany’s Social Democrats (SPD) began their first three-way talks with two smaller “kingmaker” parties on Thursday, confident they can move closer to leading a new government following an inconclusive national election. The Greens and business-friendly Free Democrats (FDP) agreed on Wednesday to enter the talks with the […]

Increasingly, conversations about big data, machine learning and artificial intelligence are going hand-in-hand with conversations about privacy and data protection. Now, a startup that is building tools to make it easier for engineers to implement the two simultaneously is announcing a round of growth funding to continue expanding its operations. Gretel AI, which lets engineers […]

October 7, 2021 ABUJA (Reuters) – Nigeria’s president unveiled a record 16.39 trillion naira ($39.8 billion) budget for 2022 on Thursday, with a projected 25% year-on-year rise in government spending as the economy struggles with the impact of the pandemic. The plan for Africa’s most populous country and top oil exporter assumes crude production of […]