News

October 5, 2021 DUBLIN (Reuters) – A senior Irish minister said on Tuesday he was confident the government would sign up to an overhaul of global corporate tax rules this week after updated proposals were circulated to negotiating countries. Ireland, the low-tax European headquarters for a number of the world’s largest multinationals, has declined to […]

October 5, 2021 BERLIN (Reuters) – Germany’s services sector activity continued to grow strongly in September, but the recovery from the COVID-19 pandemic lost momentum as catch-up effects are waning and more companies are affected by supply bottlenecks, a survey showed on Tuesday. IHS Markit’s final Purchasing Managers’ Index (PMI) for the services sector fell […]

October 5, 2021 LONDON (Reuters) – The world’s top miners on Tuesday committed to a goal of net zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said. “ICMM members’ collective commitment to net zero scope one (direct) and two (indirect) greenhouse gas emissions by 2050 […]

October 5, 2021 LONDON (Reuters) – Britain’s post-lockdown economic recovery avoided losing further momentum in September but companies increased prices at the fastest pace on record, adding to signs of rising inflation, a survey showed on Tuesday. The final reading of the IHS Markit/CIPS composite Purchasing Managers’ Index (PMI), which combines Britain’s services and manufacturing […]

More than a decade ago, Mohit Dubey founded CarWale, a startup that allows people to sell and buy used and new cars. But spending more than 10 years with the startup made Dubey realize that he was solving problems for just 3% of India. He wanted to try something bigger. Literally. His current venture is […]

October 5, 2021 MANILA (Reuters) – Philippine President Rodrigo Duterte’s government suffered a slump in ratings in the third quarter, with lower approval of its handling of issues like COVID-19, inflation, crime and corruption, an opinion poll showed on Wednesday. Pulse Asia’s Sept. 6 to 11 survey was released as election season gets underway in […]

October 5, 2021 LONDON (Reuters) – Prime Minister Boris Johnson denied on Tuesday that Britain was in crisis due to a shortage of labour or that it was facing a 1970s-style inflationary spiral. Johnson said that businesses had mainlined on low-wage imported labour for nearly 25 years and that they should now pay their workers […]

October 5, 2021 MOSCOW (Reuters) – Facebook has complied with Russian demands to delete some banned content, but it could still face a hefty fine as it was slow to do so, the Vedomosti newspaper cited state communications regulator Roskomnadzor as saying on Monday. Russia has increased pressure on foreign tech firms in recent months […]

October 5, 2021 PARIS (Reuters) – A report into sexual abuse in the French Catholic Church has found that at least 216,000 children were victims of abuse at the hands of clergy since 1950, Jean-March Sauve, head of the commission that compiled the report, said at a news conference. (Reporting by Sudip Kar-Gupta; Writing by […]

October 5, 2021 LONDON (Reuters) – Britain’s economy is at a turning point and the government welcomes rising wages but will not return to the old approach of low investment and low skills, Prime Minister Boris Johnson said on Tuesday. “What I don’t think would be a good idea would be to go backwards to […]

October 5, 2021 LONDON (Reuters) – British Prime Minister Boris Johnson said on Tuesday that 127 drivers had applied for fuel trucker visas amid an acute shortage of drivers that has strained supply chains to breaking point. Johnson told BBC TV that the haulage industry had been asked to provide the details of drivers who […]

October 5, 2021 BRUSSELS (Reuters) – European Union leaders will discuss later in October the idea of setting up an EU strategic gas reserve and the decoupling of electricity prices from gas prices, the head of the European Commission Ursula von der Leyen said on Tuesday. Speaking to reporters in Estonia, von der Leyen said […]

October 5, 2021 LONDON (Reuters) – Inflationary pressures will abate as supply improves to meet demand, British Prime Minister Boris Johnson said on Tuesday. Asked during an interview on LBC about the risks of inflation due to the government’s push towards higher wages, Johnson said: “What you are seeing is demand, growing demand sucking in […]

October 5, 2021 KAMPALA (Reuters) – Telecoms firm MTN Uganda’s initial public offering is expected to raise about $1.2 billion, Keith Kalyegira, Chief Executive Officer of the Capital Markets Authority said on Tuesday. MTN Uganda said earlier it had approval to list 20% of its shareholding. (Reporting by Elias Biryabarema; Writing by George Obulutsa; Editing […]

October 5, 2021 A look at the day ahead from Sujata Rao. Inflation? Reflation? Stagflation? Whichever ultimately turns out to be correct, markets are running scared, with world stocks at the lowest since July and some 6% off the record highs hit a month ago. Brent crude has hit new three-year highs above $80 a […]

October 5, 2021 (Reuters) – European stocks edged higher on Tuesday, as rising bank stocks and an encouraging earnings update from German chipmaker Infineon calmed nerves following a tech-fuelled selloff on Wall Street. The pan-European STOXX 600 index gained 0.5% by 0711 GMT, after closing at its lowest level since July 21 in the previous […]

October 5, 2021 PARIS (Reuters) – European states will, within days, announce measures to apply pressure on London to abide by Brexit agreements sealed with the bloc when Britain left the European Union, French European Affairs Minister Clement Beaune told Europe 1 radio on Tuesday. He did not say what those measures would be, but […]

October 5, 2021 ZURICH (Reuters) – Three members of the Vatican Swiss Guards, the elite colourfully dressed corps that protects the pope, have decided to resign rather than be vaccinated against COVID-19, Swiss newspaper Tribune de Geneva reported. Following the Holy See’s implementation of new COVID-19 measures, three Swiss guards have departed on a “voluntary” […]

October 5, 2021 (Reuters) – Tampa Bay Buccaneers quarterback Tom Brady became the NFL’s all-time leader in passing yards during Sunday’s 19-17 win at New England and the 44-year-old thanked current and former team mates for helping him reach the “amazing statistic”. Brady was back at the Patriots’ home for the first time since he […]

October 5, 2021 PARIS (Reuters) -France’s President Emmanuel Macron said the forthcoming G20 summit must send a clear message to Afghanistan’s Taliban on the conditions for international recognition. In an interview with France Inter radio station broadcast on Tuesday, Macron said those conditions must include equality for women, access for foreign humanitarian operations and non-cooperation […]