News

September 16, 2021 BEIRUT (Reuters) – The judge investigating last year’s Beirut port blast issued an arrest warrant on Thursday for former public works minister Youssef Finianos after he failed to show up for questioning, the state National News Agency reported. Finianos, a Hezbollah ally sanctioned by the United States for his links to the […]

September 16, 2021 By Andreas Rinke BERLIN (Reuters) – After 16 years in power, Chancellor Angela Merkel is not seeking re-election in Germany’s Sept. 26 election but she is anything but a lame duck. The likelihood of protracted coalition talks after the vote means Merkel will not be leaving office any time soon and she […]

Byju’s said on Thursday it has acquired California-headquartered Tynker, a leading coding platform for K-12 students, the latest in a series of major purchases as the Indian edtech giant attempts to aggressively expand to international markets. The companies didn’t disclose the terms of the deal, but a person familiar with the matter told TechCrunch that […]

Pine Labs said on Thursday it has raised an additional $100 million, just weeks after securing $600 million in a financing round, as the Asian merchant commerce platform begins to explore the public markets. The U.S.-based investment management company Invesco Developing Markets Fund made the $100 million investment, the startup said in a statement. Pine […]

September 16, 2021 By Rajendra Jadhav KAKINADA, India (Reuters) – India could account for as much as 45% of global rice exports in 2021 as expanded port-handling capacity allows the world’s second largest rice grower after China to ship record volumes to buyers across Africa and Asia. The world’s top exporter could ship as much […]

September 16, 2021 By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) – Japan’s exports extended double-digit gains in August, led by strong shipments of chip manufacturing equipment, although the pace of growth weakened as COVID-19 hit key Asian supply chains and slowed factory production. The trade growth is unlikely to dispel worries about the outlook […]

September 16, 2021 By Davide Barbuscia and Tom Arnold DUBAI (Reuters) – The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources said, as it tries to catch up with global regulators who have called time on such benchmarks after banks’ attempts to rig them. The UAE is […]

September 16, 2021 BRUSSELS (Reuters) – The euro zone’s trade surplus with the rest of the world declined in July from a year earlier, data released by the European Union’s statistics office showed on Thursday, as imports grew at a faster rate than exports. Eurostat said the euro zone’s unadjusted trade surplus with the rest […]

LinkedIn normalized the idea of making people’s resume’s visible to anyone who wanted to look at them, and today a startup that’s hoping to do the same for companies and how they are organized and run is announcing some funding. The Org, which wants to build a global, publicly-viewable database of company organizational charts — […]

September 16, 2021 ATHENS (Reuters) – Greece’s jobless rate fell to 15.8% in the second quarter from 17.1% in the first three months of 2021, data by the country’s statistics service ELSTAT showed on Thursday. About 61% of Greece’s 732,544 jobless are long-term unemployed, meaning they have been out of work for at least 12 […]

September 16, 2021 DUBLIN (Reuters) – Digital payments processor Stripe Inc will add hundreds of new engineering jobs in Dublin over the next three years, the United States’ most valuable technology startup said on Thursday. The new roles are in addition to 1,000 jobs the company said it would create in Ireland over the next […]

September 16, 2021 By Brenna Hughes Neghaiwi ZURICH (Reuters) – Switzerland’s economy is expected to grow by 3.2% this year, the government said on Thursday, lowering its full year outlook as a less sunny global picture limited Switzerland’s recovery. “The economic recovery is set to continue as expected, though growth is initially less dynamic than […]

September 16, 2021 LONDON (Reuters) – British defence company BAE Systems, which makes nuclear submarines for the UK, said it was ready to support a new defence partnership between the United States, Australia and Britain called AUKUS. “As a company with a significant presence in all three markets we stand ready to support the AUKUS […]

September 16, 2021 KUALA LUMPUR (Reuters) – Malaysia said on Thursday audit firm KPMG has agreed to pay a 333 million ringgit ($80.11 million) settlement to resolve all claims related to their fiduciary duties on auditing of 1Malaysia Development Berhad (1MDB) accounts from 2010 to 2012. The Finance Ministry said in a statement that the […]

September 16, 2021 BEIJING (Reuters) – China’s vice premier Liu He said on Thursday that China will “unswervingly” support the healthy development of the private economy, as well as exploring ways to alleviate pressure from rapidly rising costs on small firms, according to state media. The government needs to increase policy transparency and predictability for […]

September 16, 2021 HELSINKI (Reuters) – Any exit from the European Central Bank’s crisis-fighting measures will be “very gradual” and will ensure that favourable financing conditions are maintained, Finnish central bank chief Olli Rehn said on Thursday. The ECB will debate in December when and how to wind down its 1.85 trillion euro Pandemic Emergency […]

September 16, 2021 MADRID (Reuters) – Volkswagen’s Spanish unit SEAT plans to extend partial car assembly suspensions at its plants near Barcelona well into 2022 because of global semiconductor supply bottlenecks, the company said in a statement. “The deterioration in the supply of semiconductors now requires reorganizing, planning and adopting new labour protocols,” SEAT said, […]

September 16, 2021 TOKYO (Reuters) – Seiko Noda, a Japanese former minister for gender equality, announced on Thursday she is running to replace Prime Minister Yoshihide Suga and become the nation’s first female leader. Noda, considered a long shot, has been a consistent voice urging Japan to address its declining birthrate and fast-ageing population, while […]

September 16, 2021 LONDON (Reuters) – British retailer Marks & Spencer said it would close all 11 franchise stores with partner SFH in France over the coming months after new trade rules in place since Britain left the European Union hit product availability. The group said nine franchise stores with partner Lagardere Travel Retail continue to […]

September 16, 2021 MOSCOW (Reuters) -Russian President Vladimir Putin said on Thursday he would have to spend “a few days” in self-isolation after dozens of people in his entourage fell ill with COVID-19, the TASS news agency reported. Putin was speaking via a video link at a summit of a Russia-led security bloc being held […]