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The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. The insurance market is still one of the industries […]

October 5, 2021 BERLIN (Reuters) -Daimler Trucks CEO Martin Daum said the truckmaker, set to spin-off from Daimler in December, will continue to sell fewer vehicles than it could have in the coming year as chip shortages hamper production. “We will certainly be delivering less than we could have sold, and that also applies to […]

October 5, 2021 By Maiya Keidan and Shariq Khan (Reuters) – Ontario’s largest electric utility, Hydro One Ltd, is seeking acquisitions worth up to C$500 million ($397 million) to boost its customer base and consolidate the fragmented industry, a spokeswoman told Reuters. The government of Ontario, Canada’s most populous province, is eager to bring down […]

October 5, 2021 (Reuters) -PepsiCo Inc raised its full-year revenue forecast on Tuesday, as the easing of pandemic restrictions boosts demand for sodas at theaters and restaurants. Sales in PepsiCo’s North America Beverage unit, the company’s largest business, rose 7% in the third quarter as a reopening economy and the lifting of COVID-19 capacity restrictions […]

October 5, 2021 LONDON (Reuters) – Bitcoin, the world’s biggest cryptocurrency by market value, rose above the $50,000 mark for the first time in four weeks on Tuesday, adding to a series of gains since the start of October. The cryptocurrency fell below that level on September 7 amid a broader selloff in shares of […]

October 5, 2021 WASHINGTON (Reuters) – Facebook whistleblower Frances Haugen will appear before the U.S. Congress Tuesday, where she is set to sharply criticize her former employer as “one of the most urgent threats” facing the country, and to demand transparency about its operations in order to better regulate it. Haugen, a former product manager […]

October 5, 2021 By David Randall, Saqib Iqbal Ahmed and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Worries about the debt ceiling are beginning to rattle investors as the deadline nears for Congress to raise the U.S. borrowing limit to avoid a historic default on U.S. debt. With two weeks before the Oct. 18 deadline, President […]

October 5, 2021 By Heekyong Yang SEOUL (Reuters) – The South Korean battery giants powering many of the world’s electric vehicles face a skills shortage that could drag on the global race towards zero-emissions transport. The country’s three major players, which command a third of the global electric vehicle (EV) battery market, told Reuters they […]

The Ford F-series pickup is America’s truck. At least, that’s what the numbers tell us. It’s been America’s top-selling vehicle for close to half a century. While the Chevrolet Silverado and Ram’s series of pickups are worthy competitors, Ford still sells tens of thousands more units than either one. If you spend any time with […]

London-based Habitual, a healthtech startup which offers a weight loss program aimed at people with type 2 diabetes (or prediabetes) that combines “evidence-based” food replacement with digital support to help people manage and even reverse the condition (so they can be medication free), has closed a $2.3 million seed round. The round was led by […]

October 5, 2021 By Andy Bruce LONDON (Reuters) – Britain’s economic bounce-back after coronavirus lockdowns is being hampered by problems in supply chains, a jump in inflation and the risk of a rise in unemployment, complicating the task for policymakers of steering the recovery. Former Bank of England chief economist Andy Haldane says Britain is […]

October 5, 2021 PARIS (Reuters) – U.S. Secretary of State Antony Blinken said he would have a chance during talks in Paris on Tuesday to discuss rebuilding French trust in the United States following a row over a new Indo-Pacific security pact. Paris was infuriated last month by the announcement of the pact between the […]

October 5, 2021 PARIS (Reuters) – France striker Kylian Mbappe on Tuesday fell short of saying he would leave Paris St Germain when his contract expires at the end of the season. The 22-year-old told the Ligue 1 club he wanted to join Real Madrid during the close season, only for PSG to turn down […]

October 5, 2021 (Reuters) – The Afghanistan women’s soccer team are uncertain about their future after evacuating to Australia following the Taliban takeover https://ift.tt/3laS0NB in August, captain Shabnam Mobarez said on Tuesday. Australian evacuated https://ift.tt/3gE3Vk9 more than 50 Afghan women soccer players, athletes and their dependents after the Taliban seized control of the capital, Kabul, […]

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 […]