September 15, 2021 By Michael Holden LONDON (Reuters) – London’s High Court said on Wednesday it would take steps if necessary to serve papers on Britain’s Prince Andrew in a U.S. lawsuit brought by a woman who accuses him of sexually assaulting her two decades ago. The prince, Queen Elizabeth’s second son, is accused by […]
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EU to suspend planned tariffs on Chinese aluminium, lobby group says
September 15, 2021 BRUSSELS (Reuters) – The European Union is set to impose duties on aluminium from China in October, only to suspend them for nine months, the EU industry association said on Wednesday, adding that this would threaten jobs and send the wrong signal to Beijing. The European Commission launched an investigation into aluminium […]
Adobe jumps into e-commerce payments business in challenge to Shopify
September 15, 2021 By Stephen Nellis (Reuters) – Adobe Inc on Wednesday said it will add payment services to its e-commerce platform this year to help merchants accept credit cards and other ways of paying, deepening a rivalry with e-commerce firm Shopify Inc. Adobe started providing software to help retailers run their online stores in […]
Vodafone Spain plans to cut up to 515 jobs amid intense competition
September 15, 2021 By Clara-Laeila Laudette MADRID (Reuters) – British telecommunications company Vodafone said on Wednesday its Spanish unit planned to cut up to 515 jobs, mainly in its commercial operations, as it faces “challenging conditions on the competitive Spanish market”. The company said it would meet with unions at the end of September and […]
Biden to meet U.S. CEOs in ‘rallying cry’ for vaccine mandates
September 15, 2021 By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden was scheduled to meet on Wednesday with business leaders and CEOs, as he pushes companies to require workers to be vaccinated amid a surge in COVID-19 infections among those not yet inoculated. Biden last week announced vaccine mandates for all federal employees and […]
Wall Street subdued as China data adds to growth doubts
September 15, 2021 By Huw Jones LONDON (Reuters) – Wall Street faced a subdued session on Wednesday after unexpectedly weak data from China reinforced investor bets that global growth is slowing due to COVID and supply chain constraints. The S&P 500 index hit a three-week low on Tuesday as worries about global recovery fed into […]
Canadian National not to proceed with deal for Kansas City Southern
September 15, 2021 (Reuters) – Canadian National Railway Co said on Wednesday it would not proceed with its $29.6 billion offer to buy Kansas City Southern, paving the way for the U.S. railroad operator to be bought by rival Canadian Pacific Railway Ltd. (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Arun Koyyur) Source Link […]
BOJ’s Kuroda: Japan inflation to reach 2% goal, but not before 2023
September 15, 2021 TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda told an online seminar on Wednesday that he expected Japan’s inflation rate to rise steadily although it would not hit the central bank’s 2% target before 2023. (Reporting by Leika Kihara; Editing by Hugh Lawson) Source Link BOJ’s Kuroda: Japan inflation to reach […]
Canada’s annual inflation rate hits 4.1%, highest since 2003
September 15, 2021 OTTAWA (Reuters) -Canada’s annual inflation rate accelerated to an 18-year-high of 4.1% in August, pushed up in part by a big jump in gasoline prices, Statistics Canada said on Wednesday. Analysts polled by Reuters had expected the annual rate to rise to 3.9% in August after posting a year-over-year increase of 3.7% […]
Dollar sags as weaker-than-expected U.S. inflation continues to weigh
September 15, 2021 By Gertrude Chavez-Dreyfuss and Ritvik Carvalho NEW YORK/LONDON (Reuters) – The dollar weakened against major currencies on Wednesday after softer-than-expected U.S. inflation data released on Tuesday eased short-term expectations about tapering of asset purchases from the Federal Reserve. The dollar index last stood at 92.441, down about 0.3% on the day from […]
Canada’s annual inflation rate in August hits highest in nearly two decades
September 15, 2021 TORONTO (Reuters) – Canada’s annual inflation rate accelerated to 4.1% in August, the highest since 2003, up from a year-over-year increase of 3.7% in July, Statistics Canada said on Wednesday. Analysts polled by Reuters had expected the annual rate to rise to 3.9% in August. STORIES: Market reaction: CAD/ Link: https://ift.tt/3zefrt8 COMMENTARY […]
Guinea junta starts transitional government talks following coup
September 15, 2021 CONAKRY (Reuters) -Guinea’s new military rulers began consultations with political, religious and business leaders on Tuesday which they say will lead to the formation of a transitional government following the coup that ousted President Alpha Conde on Sept. 5. In a short address, coup leader Colonel Mamady Doumbouya, a special forces commander […]
EU chief vows no let-up in democracy battles with Poland, Hungary
September 15, 2021 By Gabriela Baczynska BRUSSELS (Reuters) – The European Union’s chief executive on Wednesday vowed no let-up in battles with Poland and Hungary over democratic standards, threatening to take more legal action and block off funds. The EU has been at loggerheads with the eurosceptic, nationalist rulers in Budapest and Warsaw for years […]
Hong Kong security chief steps up pressure on city’s main press group
September 15, 2021 By Sara Cheng HONG KONG (Reuters) – Hong Kong’s security chief called on Wednesday for the city’s main press association to disclose to the public who its members work for and how many of them are students, a day after he accused the group of infiltrating schools. The comments by Secretary for […]
U.S. condemns North Korea missile launch – State Department spokesperson
September 15, 2021 WASHINGTON (Reuters) – The United States condemned North Korea’s missile launch on Wednesday, saying it is in violation of multiple U.N. Security Council resolutions and posed a threat to its neighbors and the international community, a State Department spokesperson said. Both North Korea and South Korea test-fired ballistic missiles on Wednesday, the […]
Ascend raises $5.5M to provide a BNPL option for commercial insurance
Ascend on Wednesday announced a $5.5 million seed round to further its insurance payments platform that combines financing, collections and payables. First Round Capital led the round and was joined by Susa Ventures, FirstMark Capital, Box Group and a group of angel investors, including Coalition CEO Joshua Motta, Newfront Insurance executives Spike Lipkin and Gordon […]
Index Ventures launches web-app to help founders calculate employee stock options
The ability to offer stock options is utterly essential to startups. They convince talented people to join when the startup is unlikely to be capable of matching the high salaries that larger, established tech firms can offer. However, it’s a complex business developing a competitive stock option plan. Luckily, London-based VC Index Ventures today launches both a […]
Two years after launching, Inspired Capital has finished raising its second fund
Inspired Capital, the New York-based early-stage venture firm that was founded in 2019 by entrepreneurs Alexa von Tobel and Penny Pritzker, is today announcing the close of their second fund with $281 million in capital commitments, an amount that brings the firm’s total assets under management to nearly half a billion dollars. (Inspired raised $200 […]
Matillion raises $150M at a $1.5B valuation for its low-code approach to integrating disparate data sources
Businesses and the tech companies that serve them are run on data. At best, it can be used to help with decision-making, to understand how well or badly an organization is doing, and to build new systems to run the next generation of services. At its most challenging, though, data can represent a real headache: […]
Sustainable e-commerce startup Olive now ships beauty products, in addition to apparel
Earlier this year, a startup called Olive launched its new shopping site and app with the goal of making e-commerce more efficient, convenient, and sustainable by offering a way for consumers to aggregate their orders from across retailers into single shipments that arrive in reusable packaging, not cardboard. If items need to be returned, those […]