Jon Fingas Contributor Jon Fingas is a contributing writer at Engadget. More posts by this contributor A Chinese EV startup wants to build a ridable robot unicorn for kids Continental’s eco-friendly concept tire includes a renewable tread The US Defense Department’s ambitions beyond Earth just grew a little clearer. SpaceNews has learned the department recently […]
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Rolls-Royce, Babcock sell stakes in AirTanker defence business
September 13, 2021 LONDON (Reuters) -British engineering companies Rolls-Royce and Babcock International Group are to sell their minority stakes in UK military refuelling jet-owner AirTanker Holdings to Equitix Investment Management as part of efforts to reduce debts. Rolls-Royce said on Monday it agreed a 189 million pound ($261.39 million) deal with the private infrastructure investor […]
Vector.ai’s productivity platform for freight forwarders raises $15M A round led by Bessemer
With supply chains under constant stress because of the pandemic, freight forwarding has become one of the hottest startup sectors in the last two years. Indeed, International freight forwarding is now a $199 billion market. And the evidence is mounting. In November last year, digital freight forwarder Forto raises another $50M in a round led […]
Disgruntled China Evergrande investors crowd headquarters in protest
September 13, 2021 By David Kirton SHENZHEN, China (Reuters) -Chaotic scenes erupted at the headquarters of cash-strapped developer China Evergrande Group on Monday, as roughly 100 disgruntled investors crowded its lobby to demand repayment of loans and financial products. Around midday, more than 60 uniformed security personnel formed a wall in front of the main […]
Czech gunmaker bets on riding Colt into new markets
September 13, 2021 By Michael Kahn and Jason Hovet PRAGUE (Reuters) – For Czech gun maker CZG-Ceska Zbrojovka Group, its recent acquisition of the Colt brand carries both the potential to become a major player in the global firearms market and the challenge of reviving the fortunes of a fabled U.S. name. Shares of CZG, […]
U.S. SEC fines media firms over $539 million for illegal securities offerings
September 13, 2021 (Reuters) – Three media companies have agreed to pay more than $539 million to settle U.S. Securities and Exchange Commission (SEC) charges over illegal offerings of stock and digital assets, the regulator said on Monday. The SEC charged New York-based GTV Media Group Inc. and Saraca Media Group Inc and Phoenix-based Voice […]
In Germany’s election hashtag debate, activists win battle for ‘likes’
September 13, 2021 By David Latona (Reuters) – As the main contenders in the race to succeed Angela Merkel as Germany’s next chancellor faced off in a televised debate on Sunday night, their political parties deployed social media teams in a parallel battle online. None of them, though, could match the impact of cyber-savvy activists […]
U.N. seeks $600 million in Afghanistan’s ‘most perilous hour’
September 13, 2021 By Emma Farge GENEVA (Reuters) -The United Nations exhorted the world on Monday to raise $606 million for Afghanistan, where poverty and hunger are spiralling since the Taliban took power and billions in foreign aid have dried up amid Western distrust of the Islamist militants. After decades of war, suffering and insecurity, […]
A reluctant feminist: Germany’s Merkel still inspires many women
September 13, 2021 By Susanne Neumayer-Remter Tanya Wood Petra Wischgoll BERLIN/COLOGNE, Germany (Reuters) – German Chancellor Angela Merkel has become a feminist icon after 16 years in power even though the world’s most powerful woman has only belatedly accepted that label as she prepares to step down, and conceded that gender equality is still a […]
Rezilion raises $30M help security operations teams with tools to automate their busywork
Security operations teams face a daunting task these days, fending off malicious hackers and their increasingly sophisticated approaches to cracking into networks. That also represents a gap in the market: building tools to help those security teams do their jobs. Today, am Israeli startup called Rezilion that is doing just that — building automation tools […]
Hungary aims to raise up to EUR 4.5 billion in major FX bond sale
September 13, 2021 BUDAPEST/LONDON (Reuters) – Hungary’s government debt agency (AKK) overhauled its 2021 financing plan on Monday, saying it would raise the equivalent of up to 4.5 billion euros ($5.3 billion), far more than expected to help cover a likely delay in European Union’s COVID recovery fund money. Refinitiv news service IFR reported that […]
H&M lags Zara-owner Inditex in race to regain lost sales
September 13, 2021 By Corina Pons and Anna Ringstrom STOCKHOLM/MADRID (Reuters) – When the world’s two biggest fashion groups unveil quarterly sales figures on Wednesday, No.1 Inditex is seen back at pre-pandemic levels as stores reopen and people long to renew their wardrobe, while H&M still has some way to go. Fashion retailers have been […]
Tennis – Djokovic still on course to make history, says Armenulic
September 13, 2021 By Zoran Milosavljevic BELGRADE (Reuters) – Novak Djokovic will swiftly overcome the disappointment of failing to win a calendar Grand Slam and a record-breaking 21st major at the U.S. Open, former Yugoslavia Davis Cup coach Radmilo Armenulic told Reuters on Monday. Djokovic suffered a crushing straight-sets loss to Russian Daniil Medvedev but […]
Motor racing-FIA will investigate latest Hamilton-Verstappen collision
September 13, 2021 By Alan Baldwin (Reuters) – Formula One’s governing body will investigate Sunday’s Italian Grand Prix crash between title contenders Max Verstappen and Lewis Hamilton because it was ‘unusual’, according to race director Michael Masi. The Australian said that although the collision was relatively low-speed, the FIA’s safety experts would still take a […]
UAE central bank issues new anti-money laundering guidance for banks
September 13, 2021 DUBAI (Reuters) – The United Arab Emirates central bank has issued new guidelines to financial institutions on anti-money laundering practices, it said on Monday, the latest of a number of measures launched by the Gulf state to combat illicit financial flows. Banks will be required to develop internal procedures and put in […]
Insurers may take hit of $20 billion-$30 billion from Hurricane Ida- report
September 13, 2021 (Reuters) – Insurers are bracing for claims of between $20 billion and $30 billion after assessing the damage from Hurricane Ida in many locations including New York and New Jersey, catastrophe risk modeling firm AIR Worldwide said on Monday. AIR said it updated its insured loss estimates after analyzing the inland flood […]
Deutsche Boerse cancels DAX expansion event due to COVID situation
September 13, 2021 FRANKFURT (Reuters) – German stock market operator Deutsche Boerse said on Monday it had cancelled a Sept. 20 event to celebrate the planned expansion of the country’s benchmark DAX index, citing a rising numbers of coronavirus infections. “We have realised that due to the significant increase in COVID-19 infections in the Rhine-Main […]
Get on with implementing Basel capital rules, says Bank of England
September 13, 2021 LONDON (Reuters) – The Bank of England said on Monday that international regulators should get on with implementing the final elements of new global bank capital rules, though the BoE is facing “challenges” in setting out by year end its own proposals for doing this. “We should get on and do it […]
Coinbase looking to raise $1.5 billion through debt offering
September 13, 2021 (Reuters) – Coinbase Global Inc is planning to raise about $1.5 billion through a debt offering to invest in product development and potential mergers and acquisitions, the U.S. cryptocurrency exchange said on Monday. (Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur) Source Link Coinbase looking to raise $1.5 billion through […]
The unfolding of the Kansas City Southern takeover saga
September 13, 2021 (Reuters) – Kansas City Southern said it planned to accept Canadian Pacific Railway Ltd’s $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National Railway Ltd. This comes after the U.S. Surface Transportation Board (STB) rejected a temporary “voting trust” structure last month that […]