News

October 7, 2021 By Marc Jones LONDON (Reuters) – World stock markets got their foot back on the gas on Thursday as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of “stagflation”. Europe’s bourses rallied off 2-1/2-month lows as easing oil and gas prices […]

The adoption of cryptocurrency in Africa varies regionally. While countries with currently unstable currencies like the naira are seeing immense usage, other regions using the CFA franc have sparse adoption. A region of more than 200 million people using the CFA franc, Francophone Africa is one of the most crypto-friendly markets in Africa. But only […]

Women have made great inroads into the tech world in recent years, but there remains a long way to go before we reach a truly equitable state of affairs in workforce numbers, remuneration and product development. An edtech startup called Entity Academy — which provides women with training, in areas like data science and software […]

October 7, 2021 By Amy Tennery NEW YORK (Reuters) -Banners and signs declaring “PROTECT THE PLAYERS” and “NO MORE SILENCE” ringed National Women’s Soccer League (NWSL) pitches on Wednesday as teams took to the field for the first time since sexual misconduct allegations rocked the competition. The matches were the first since a report from […]

October 7, 2021 By Fergal Smith TORONTO (Reuters) – There is less room for the Canadian dollar to gain ground over the coming year as analysts expect the prospect of slower global economic growth and accelerating inflation to undermine support from higher oil prices. The median forecast of 45 strategists in an Oct. 1-6 Reuters […]

October 7, 2021 DUBLIN (Reuters) – Ireland expects to receive a revised text on a global corporate tax overhaul on Thursday after which it will announce whether or not it will sign up to the deal, Finance Minister Paschal Donohoe said. “Last night I had further engagement with the European Commission and the OECD (Organisation […]

October 7, 2021 (Reuters) – Seven times world champion Sebastien Ogier will continue to race for Toyota in selected rallies next year, with Finland’s Esapekka Lappi stepping up for those rounds the Frenchman misses. Ogier, 37, is ending his full-time world rally championship career at the end of 2021, a season that looks likely to […]

October 7, 2021 (Reuters) – Facebook Inc has slowed down the rollout of new products in recent days, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Executives at the social media company have also put a hold on some work on existing products, the report said. Facebook did not immediately […]

October 7, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin surged on Wednesday to its highest level in five months, as market sentiment continued to improve due in part to news a hedge fund controlled by billionaire investor George Soros trades bitcoin. Investors also expect a seasonal rally in cryptocurrencies this quarter. The world’s largest […]

October 7, 2021 By Tom Wilson LONDON (Reuters) -The advent of digital currencies in emerging markets could spark “cryptoization” of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the International Monetary Fund said on Friday. Bitcoin and its kin have in the last year soared in price and popularity, with emerging […]

October 7, 2021 By Huw Jones LONDON (Reuters) – “Payment for order flow,” a practice critics say has fuelled bouts of frenzied retail share trading on Wall Street, should be banned in the European Union, France’s stock market regulator said on Thursday. In the United States, stockbrokers have touted for business among retail customers by […]

October 7, 2021 (Reuters) – Bitcoin rose 7.11% to $55,162.92 at 20:01 GMT on Wednesday, adding $3,661.73 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 98.9% from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 2.15% to $3,591.72 on Wednesday, […]

October 7, 2021 DUESSELDORF (Reuters) – German utility Uniper, which is majority-owned by Finland’s Fortum, is planning far-reaching cut jobs, two people familiar with the matter said, adding that staff was currently being informed about the move. A labour source said that the cuts, which are expected to impact the energy firm’s engineering unit that […]

October 7, 2021 (Reuters) – Brooklyn Nets forward Kevin Durant said he still envisions Kyrie Irving playing a role for the team this season despite uncertainty over the seven-time All Star’s COVID-19 vaccination status. The season begins on Oct. 19 and unvaccinated players must comply with a long list of restrictions to play in games […]

October 7, 2021 LONDON (Reuters) – British companies have raised their inflation expectations for the year ahead, according to a survey for the Bank of England which is watching closely for signs that a recent jump in prices might prove longer-lasting than it has predicted. Year-ahead annual price inflation was expected to be 3.5% in […]

Rebel Foods, which operates a large network of dark kitchens in nearly a dozen markets, is the latest Indian startup to attain the unicorn status. The Bangalore-based startup said on Thursday it has raised $175 million in its Series F financing round that valued it at $1.4 billion, up from about $800 million last year. […]

October 7, 2021 CAIRO (Reuters) – The Egyptian government has launched a 3-year syndicated loan with green and Islamic finance components with the aim to raise $2 billion, Emirates NBD bank said in a statement on Thursday. Emirates NBD Capital Ltd and First Abu Dhabi Bank PJSC are mandated as the joint global coordinators, lead […]

October 7, 2021 LONDON (Reuters) – Spending on payment cards in Britain last week rose to 100% of its pre-pandemic level of February 2020, up from 95% a week earlier, data showed on Thursday. Separate figures from the Office for National Statistics showed output-per-hour worked, a measure of productivity in the economy, inched up by […]

October 7, 2021 By Stephanie Nebehay GENEVA (Reuters) – North Korea’s most vulnerable risk starvation after it slipped deeper into isolation during the COVID-19 pandemic and U.N. sanctions imposed for its nuclear and missile programmes should be eased, a U.N. rights investigator said in report seen by Reuters. The worsening humanitarian situation could turn into […]

October 7, 2021 By Andrew Osborn and Angelina Kazakova MOSCOW (Reuters) – Russian authorities said on Wednesday they had fired five senior prison officials and opened a slew of criminal investigations into alleged torture and sexual assaults at a jail in the Saratov region. The authorities acted after a prisoner rights group, Gulagu.net, began publishing […]