October 4, 2021 BEIRUT (Reuters) – The lead judge investigating the disastrous Beirut port blast will be kept on the case after Lebanon’s court of cassation rejected a legal complaint filed against him, local media reported on Monday. The probe was in danger of stalling for the second time this year after the complaint froze […]
News
Spain’s foreign tourism soars but well below pre-pandemic level
October 4, 2021 MADRID (Reuters) – Foreign tourism to Spain rose rapidly in August as looser travel restrictions tempted back summer sunseekers though visitor numbers remained at around half their pre-pandemic levels, official statistics showed on Monday. The number of foreign tourists visiting in August more than doubled from a year ago to 5.19 million […]
Indian edtech giant Byju’s valued at $18 billion in new funding
Byju’s has raised about $300 million as part of a larger round of new investment as the Indian edtech giant focuses on expanding its international business and aggressively explores merger and acquisition opportunities. A filing, supplied to TechCrunch by research firm Tofler, showed that the new investment values the startup at $18 billion, up from […]
ECB’s de Guindos sees structural driver in inflation rise
October 4, 2021 FRANKFURT (Reuters) – The recent rise in euro zone inflation has a structural driver in supply disruptions and the European Central Bank has to watch for any sign of second-round effects on wages, ECB vice-president Luis de Guindos said on Monday. “This inflation increase is not only responding to base effects but […]
Analysis: Zoom’s abandoned Five9 deal shows hurdles to expansion
October 4, 2021 By Krystal Hu, Svea Herbst-Bayliss and Echo Wang (Reuters) – Zoom Video Communications Inc’s aborted $14.7 billion acquisition of call center software firm Five9 Inc has spotlighted issues that will weigh on the virtual meeting giant’s next attempt to expand through dealmaking, analysts and investment bankers said. Zoom’s unwillingness to add cash […]
OPEC+ seen keeping oil output policy unchanged, OPEC+ sources say
October 4, 2021 LONDON (Reuters) – OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three OPEC+ sources said on Monday, despite pressure from consumers to cool a red hot market. Ministers from The Organization of the Petroleum […]
Sainsbury’s stock higher on hopes of interest from Morrisons loser
October 4, 2021 LONDON (Reuters) -Shares in British supermarket group Sainsbury’s rose as much as 3.7% on Monday on hopes SoftBank’s Fortress Investment, which lost out in the auction for Morrisons, may turn its attention to an even bigger player in UK grocery. Sainsbury’s stock was up 4.2 pence at 288.9 pence at 0858 GMT, […]
Lava flow thickens on La Palma after volcanic crater collapses
October 4, 2021 By Borja Suarez and Marco Trujillo LA PALMA, Spain (Reuters) – A river of red-hot lava gushing from the Cumbre Vieja volcano on Spain’s La Palma thickened on Monday, after the north side of the crater collapsed the previous night causing spectacular explosions, but authorities ruled out further evacuations. Despite the heightened […]
Two children killed in missile strikes on Yemen’s Marib – state news agency
October 4, 2021 ADEN (Reuters) -Two children were killed and 33 other civilians injured in Houthi missile strikes on Yemen’s central Marib city on Sunday, the internationally recognised government’s state news agency said. Two missiles targeted military areas in the city, residents said, while a third landed near a residential district that houses military headquarters […]
Soccer-NWSL names new executive committee following misconduct allegations
October 4, 2021 (Reuters) – The National Women’s Soccer League (NWSL) has launched a new executive committee after firing commissioner Lisa Baird following a report detailing allegations of misconduct against former North Carolina Courage head coach Paul Riley. The Athletic https://ift.tt/3F9BRjb last week outlined allegations of sexual coercion and misconduct by Riley after speaking to […]
UK’s Sunak says he does not want more tax increases
October 4, 2021 LONDON (Reuters) – British finance minister Rishi Sunak said on Monday he and Prime Minister Boris Johnson did not want to raise taxes again after a recent increase in social security contributions to help fund the health service and social care. “We made the difficult decision that we did and I think […]
European stocks add to losses on growth worries
October 4, 2021 (Reuters) – European stocks struggled on Monday after their worst weekly showing since February, held back by a growing number of risks including signs of inflation, elevated bond yields and China Evergrande’s financial troubles. The pan-European STOXX 600 index slipped 0.2% by 0718 GMT, holding near a two-month low hit in last […]
Analysis: Energy costs add to emerging central banks’ inflation headache
October 4, 2021 By Tom Arnold LONDON (Reuters) – Higher energy prices are fanning inflation in several emerging markets, testing the resolve of their central banks and risking stymieing growth in Hungary, Poland and the Czech Republic and more currency weakness in Turkey, analysts say. In a bold response to the price pressures, the Czech […]
Myanmar’s Suu Kyi requests less court time over ‘strained health’ -lawyer
October 4, 2021 (Reuters) – Myanmar’s detained former leader Aung San Suu Kyi on Monday asked a judge to reduce the frequency of her court hearings due to strained health, her lawyer said. Suu Kyi, who is on trial and attending court sessions in multiple cases, requested they each be heard every two weeks, not […]
Swedish ‘Mohammad’ cartoonist Lars Vilks killed in car crash
October 4, 2021 STOCKHOLM (Reuters) – Swedish artist Lars Vilks, who stirred worldwide controversy in 2007 with drawings depicting the Prophet Mohammad with the body of a dog, was killed in a car crash near the southern town of Markaryd on Sunday, police said. Vilks, 75, who had been living under police protection since the […]
UK’s Sunak says it’s his duty to tell Johnson not to overspend
October 4, 2021 LONDON (Reuters) – British finance minister Rishi Sunak said on Monday that part of his job was to tell Prime Minister Boris Johnson not to overspend after reports that he told Johnson he would cut up his credit card. “I think that was an old thing, but I think that’s something that […]
Volvo Cars reports 30% sales drop in September
October 4, 2021 STOCKHOLM (Reuters) – Volvo Car Group’s monthly sales fell 30.2% from a year ago in September, the Sweden-based automaker said on Monday. The company warned last month that sales volumes in the second half of 2021 could fall year-on-year after production cuts due to material shortages. (Reporting by Helena Soderpalm, editing by […]
‘We are tired’: Workers flee Vietnam’s largest city as long lockdown eases
October 4, 2021 HANOI (Reuters) – Tens of thousands of people, mostly migrant workers, left Ho Chi Minh City over the weekend as the largest metropolis in Vietnam eased a months-long COVID-19 lockdown https://ift.tt/3uGppTw, triggering fears of labour shortages and more disruption to manufacturing. The mass exodus comes as the city and its nearby industrial […]
Crisis – what crisis? British army deployed to solve fuel crisis
October 4, 2021 By Andrew Boyers HEMEL HEMPSTEAD, England (Reuters) -British military personnel in combat fatigues arrived on Monday at a BP refinery after the government ordered the army to help deliver fuel to help compensate for an acute shortage of truckers, a Reuters reporter said. Britain’s supply chains for everything from pork, petrol and […]
Tennis-Muguruza boosts WTA Finals chances with Chicago title
October 4, 2021 (Reuters) – Two-time major winner Garbine Muguruza has bolstered her chances of qualifying for the season-ending WTA Finals next month with a comeback victory over Ons Jabeur of Tunisia to claim the Chicago Fall Tennis Classic title. The Spaniard, a former world number one, was down a set and a break but […]
