News

September 28, 2021 By Sabahatjahan Contractor (Reuters) – Videogame publisher Activision Blizzard and the U.S. Equal Employment Opportunity Commission (EEOC) said on Monday they had reached an agreement to settle claims over sexual harassment and discrimination in the company’s workplace. Under the agreement, Activision committed to create an $18 million fund to compensate and make […]

September 28, 2021 By Krystal Hu and Niket Nishant (Reuters) -Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship, will acquire sports betting business OpenBet from Scientific Games Corp for $1.2 billion in cash and stock, the companies said on Monday. Endeavor, whose shares were up nearly 10% in extended trading, said the […]

September 28, 2021 HONG KONG (Reuters) – Morgan Stanley’s Asia Pacific co-chief executive Wei Sun Christianson will retire from the bank after nearly two decades at the end of 2021, according to a memo reviewed by Reuters. Christianson will remain as an advisory director for Morgan Stanley once she steps down, advising the bank and […]

September 28, 2021 SYDNEY (Reuters) – Alphabet Inc’s Google dominates Australia’s online advertising market to the point of harming publishers, advertisers and consumers, the country’s antitrust regulator said, calling for new rules to stop “anti-competitive self-preferencing”. A report by the Australian Competition and Consumer Commission (ACCC), published on Tuesday, said more than 90% of clicks […]

September 28, 2021 By Phil Stewart JOINT BASE MCGUIRE-DIX-LAKEHURST, New Jersey (Reuters) – It could be the happy moments, like news of the 24 babies born here or last weekend’s wedding. Or maybe it’s talk of the trauma among evacuees or the Afghans picking through clothes on folding tables after losing absolutely everything. But there’s […]

Indian food delivery startup Swiggy is in talks to raise over $500 million in a new financing round that could value it at over $10 billion, two sources familiar with the matter told TechCrunch. Atlanta-headquartered Invesco is in talks to lead — or co-lead — the new financing round in the Bangalore-based startup, which counts […]

September 28, 2021 (Refiles to remove repeated word in headline) SHANGHAI (Reuters) -Goldman Sachs has cut China’s economic growth forecast for 2021 to 7.8%, from 8.2%, as energy shortages and deep industrial output cuts add “significant downside pressures”, it said in a note on Tuesday. The power supply crunch, brought about by environmental controls, supply […]

September 28, 2021 By Eric M. Johnson SEATTLE (Reuters) – Boeing Co showcased efforts to boost efficiency in its aircraft on Monday, a week after rival Airbus staged a similar conference, as global aviation faces growing political pressure to cut emissions and demands by environmental groups for curbs to air travel. The U.S. planemaker is […]

September 28, 2021 By Hyonhee Shin SEOUL (Reuters) – North Korea fired an unidentified projectile towards the sea off its east coast on Tuesday, South Korea’s military said, amid Pyongyang’s calls for the United States and South Korea to scrap their “hostile policy”. The South Korean military did not give any more details, while Japan’s […]

September 28, 2021 By Steve Keating KOHLER, Wisconsin (Reuters) -The United States, led by a new generation of golfers, reclaimed the Ryder Cup on Sunday, thrashing holders Europe 19-9 to herald what could be an era of domination by the Americans at the biennial competition. With half the 12-man U.S. team comprised of rookies there […]

September 28, 2021 TOKYO (Reuters) – A few Bank of Japan policymakers said a full-fledged recovery in the economy might be delayed somewhat, minutes of the bank’s July policy meeting showed on Tuesday. One member also said the BOJ must be mindful of the risk that China’s economic growth might slow ahead, the minutes showed. […]

Earlier this year, Ford Motor Company announced an investment of $30 billion toward electrification by 2025. On Monday, the automaker unveiled some specifics for that plan. Ford and its battery joint venture partner, SK Innovation, will be investing $11.4 billion in the two new campuses it plans to build in Kentucky and Tennessee to produce […]

September 27, 2021 (Reuters) – Four-times Grand Slam champion Naomi Osaka looks set to return to tennis shortly after getting “that itch” to play again. Osaka said at the U.S. Open earlier this month that she would take a break from the game to concentrate on her mental health following a third round defeat by […]

September 27, 2021 LONDON (Reuters) – Britain will begin talks on Tuesday with the 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to join the pact it regards as important part of its future post-Brexit trade plans. The CPTPP trade pact removes 95% of tariffs between its members: Japan, Canada, Australia, […]

September 27, 2021 By Howard Schneider WASHINGTON (Reuters) – U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year. As Powell looks to be appointed to […]

September 27, 2021 By Ben Klayman DETROIT (Reuters) – Ford Motor Co and its Korean battery partner SK Innovation will invest $11.4 billion to build an electric F-150 assembly plant, and three battery plants in the United States, accelerating the No. 2 U.S. automaker’s push into electric vehicles. Ford also said on Monday it now […]

September 27, 2021 By Nick Carey and Giulio Piovaccari OXFORD (Reuters) – Speed has always been paramount for supercar makers, and now they’re in the race of their lives to go electric before climate policy cuts their combustion engines. That’s why the likes of Ferrari and Mercedes-Benz are turning to startups such as Oxford-based electric […]

September 27, 2021 SEOUL (Reuters) – South Korea’s SK Innovation Co Ltd plans to invest 5.1 trillion won ($4.32 billion) to build battery production facilities in the United States through its battery joint venture with Ford Motor Co through 2027, the company said in a regulatory filing on Tuesday. The South Korean battery maker, which […]

September 27, 2021 By Jonnelle Marte NEW YORK (Reuters) – New York Federal Reserve Bank President John Williams on Monday warned of the potential negative market reaction if the United States failed to solve its debt-ceiling issue, but said market participants right now seemed to think the problem would be resolved. The U.S. Congress faces […]

September 27, 2021 By Karen Sloan (Reuters) – The late addition of a lawyer with experience handling high-profile clients wasn’t enough to help singer R. Kelly beat charges that he sexually abused women for decades. Attorney Deveraux Cannick, who joined Kelly’s legal team just a few months before the long-awaited trial, argued in court that […]