News

September 29, 2021 By Michael Holden, Kylie MacLellan and Costas Pitas LONDON (Reuters) -British Prime Minister Boris Johnson sought on Wednesday to quell public fears as panic-buying left fuel pumps dry across major cities, saying the government was making preparations to ensure supply chains were ready for the run-up to Christmas. Johnson said the situation […]

Millennial consumers are emerging as a key demographic in the insurance market, and today a Swedish startup that’s building a business catering specifically to their needs and priorities is announcing a round of funding to fuel its growth. Hedvig, a neo-insurer that provides property, travel, contents, and accident insurance geared to the lifestyles of younger […]

September 29, 2021 MANILA (Reuters) – Boxing star Manny Pacquiao, who is planning to run for president in the 2022 Philippine elections, said on Wednesday he was retiring from boxing to focus on the biggest fight in his political career. Pacquiao made the announcement in a video posted on his official Facebook page. In August, […]

September 29, 2021 BANGKOK (Reuters) – Thailand’s finance minister said on Wednesday that monetary policy needed to be kept accomodative and be in step with fiscal policy to support Southeast Asia’s second-biggest economy. Speaking to a business seminar, Finance minister Arkhom Termpittayapaisith also said that exports should be able to underpin economic growth this year. […]

September 29, 2021 (Reuters) – Brazilian state-run utility Eletrobras said on Tuesday that electric sector regulator Aneel ruled that the company would receive a 2.67 billion reais ($500 million) credit related to the “fuel consumption account” program. Centrais Eletricas Brasileiras SA as the company is formally known said in a securities filing that the ruling […]

September 29, 2021 By Hideyuki Sano and Andrew Galbraith TOKYO/SHANGHAI (Reuters) – Japan’s Government Pension Investment Fund (GPIF) will not invest in Chinese government bonds due to settlement and liquidity issues, even after they will be included in a major bond index next month, it said on Wednesday. The world’s largest pension fund, with total […]

September 29, 2021 BEIJING (Reuters) – China’s top economic planner said on Wednesday that railway companies and local authorities should strengthen coal transportation in key areas including the northeast region and ensure stable supply for power generation. The National Development and Reform Commission (NDRC) sent local economic planners, energy administrations and railway companies a notice […]

September 29, 2021 TAIPEI (Reuters) – Taiwan’s economy is likely to grow more than 6% this year, Finance Minister Su Jain-rong said on Wednesday, offering a forecast slightly more optimistic than the central bank’s outlook last week. Su made the comment while taking lawmaker questions in parliament. Last week, the central bank had revised up […]

September 29, 2021 By Jonathan Landay WASHINGTON (Reuters) – The Department of Homeland Security on Tuesday denied U.S. landing rights for a charter plane carrying more than 100 Americans and U.S. green card holders evacuated from Afghanistan, organizers of the flight said. “They will not allow a charter on an international flight into a U.S. […]

September 29, 2021 WELLINGTON (Reuters) – New Zealand’s daily coronavirus cases jumped to their highest level in weeks on Wednesday, a setback to the South Pacific nation’s battle to eliminate the highly infectious Delta variant from its shores. Health authorities reported 45 new cases, all in the biggest city, Auckland, taking the total number of […]

September 29, 2021 By Renju Jose SYDNEY (Reuters) – Australia’s federal government will wind down emergency funding for people who lost work during COVID-19 shutdowns as vaccination rates increase across the country, putting pressure on state and territory leaders to keep their economies open. The decision to cut off federal support when inoculation levels reach […]

September 29, 2021 By Byron Kaye SYDNEY (Reuters) – CNN said it has stopped posting articles on Australian Facebook Inc pages, citing a court ruling that publishers are liable for defamation in public comments and the social media firm’s refusal to help it disable comments in the country. The move makes CNN, which is owned […]

September 29, 2021 SEOUL (Reuters) – Samsung Electronics Co Ltd is close to finalising the construction of a second, $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said. Samsung told Reuters that it is continuing due diligence in multiple locations, and that it […]

September 29, 2021 By Shivani Singh BEIJING (Reuters) – China’s all-powerful economic planning agency waded into the country’s power crunch on Wednesday, attempting to reassure residents and businesses in areas hardest hit by shortages that it has the coal use and supply situation under close watch. The state planner, the National Development and Reform Commission […]

A screenshot from Night School Studio game “Oxenfree” Night School Studio, the independent game developer known for narrative-driven titles like “Oxenfree,” announced today it has been acquired by Netflix. This makes it the first games studio the streaming giant has purchased. In Netflix’s announcement, Mike Verdu, vice president of game development, wrote Night School’s “commitment […]

September 29, 2021 BELO HORIZONTE, Brazil (Reuters) – Reigning champions Palmeiras reached the final of the Copa Libertadores on the away goals rule on Tuesday following a 1-1 draw at fellow Brazilian side Atletico Mineiro. After a 0-0 draw in the first leg, the teams played out a turgid first half in Belo Horizonte on […]

September 29, 2021 (Reuters) -The European Union and China must continue engaging on a number of issues despite differences, the bloc’s foreign policy chief Josep Borrell told his Chinese counterpart Wang Yi in a video call on Tuesday, according to an EU statement. “The High Representative noted that while disagreements still persisted, the EU and […]

September 29, 2021 By Alun John HONG KONG (Reuters) – Asian shares lost ground on Wednesday, tracking declines on Wall Street as investors fretted over economic uncertainties that caused a spike in U.S. benchmark bond yields and pushed the dollar to a more than 10-month high. Doubts are re-emerging over the global recovery at a […]

September 29, 2021 (Refiles to correct date on Taiwan announcement to earlier this month from Friday) (Reuters) – Analysts warn Asia may be sliding into an accelerating arms race as countries react to China’s military growth and tensions around North Korea’s weapons programmes linger. Here is a list of defence systems several Asian countries are […]

September 29, 2021 SANTIAGO (Reuters) – Chile’s lower congressional chamber on Tuesday approved a bill that would allow citizens to make a fourth withdrawal from their pension funds, and sent it to the Senate for a vote, despite opposition from the government. The initiative passed with 94 votes in favor, just one more than the […]