News

October 4, 2021 By Christoph Steitz FRANKFURT (Reuters) – Premium car brand Audi, Volkswagen’s biggest profit contributor, has to troubleshoot on a day-to-day basis to tackle an ongoing shortage of auto chips, its chief executive said. “We had a very strong first half in 2021. We do expect a much weaker second half. We really […]

October 4, 2021 By Simon Jessop LONDON (Reuters) – The world’s biggest economies need to do more to ensure environmental, social and governance-related ratings and investments are effective in the transition to a low-carbon economy, a report from the OECD on Monday said. Launched ahead of an October meeting of the G20, the report said […]

October 4, 2021 KUALA LUMPUR (Reuters) – Myanmar’s failure to cooperate with a special envoy of the Association of Southeast Asian Nations (ASEAN) will make it difficult to have the country’s junta leader attend an upcoming summit of the group, Malaysia’s foreign minister said on Monday. Saifuddin Abdullah in a Tweet said he expressed disappointment […]

October 4, 2021 JAKARTA (Reuters) – Indonesia will reopen its tourist island Bali for some international travellers, including those from China, New Zealand, and Japan, among others, from Oct. 14, senior cabinet minister Luhut Pandjaitan told reporters on Monday. Visitors will be required to quarantine for eight days, Luhut said. (Reporting by Stanley Widianto; Writing […]

More consolidation is afoot in the world of cybersecurity, specifically around services to help organizations manage identity and access. Today, One Identity — which provides tools for managing “zero trust” access to systems, as well as running log management and other governance services for enterprises — announced that it has acquired OneLogin, a rival to […]

The $110,000 GMC Hummer EV is a wild mashup that can keep up with the best off-roader, has the comfort of a luxury sedan and the speed of a sports car. And it has a truck bed. GM calls it a super truck, and I cannot disagree. After driving the Hummer EV at General Motor’s […]

FoodTech is booming in Europe has grown exponentially. In 2020, €3 billion went into European FoodTech companies (State of European Tech Report, March 2021), and the pandemic has accelerated demand as consumers have shifted to grocery delivery. The industry has also been affected by the rise of direct-to-consumer food brands. Finally, the pandemic created a […]

October 4, 2021 By Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s parliament confirmed incumbent Abiy Ahmed as prime minister for a five-year term on Monday, cementing his power domestically amid mounting international concern of his government’s handling of the conflict in northern Ethiopia. Abiy’s party won a landslide victory in June’s election. He was sworn […]

October 4, 2021 By Kylie MacLellan and Elizabeth Piper MANCHESTER, England (Reuters) -Britain warned the European Union on Monday it would trigger safeguard measures in their divorce deal if the bloc failed to agree to changes to smooth trade with Northern Ireland, saying the agreement had “come apart even more quickly than we feared”. In […]

October 4, 2021 By Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s government is in talks with U.S. drugmaker Merck & Co to purchase 200,000 courses of the company’s experimental antiviral pill for COVID-19 treatment, a Thai official said on Monday. Many Asian countries are scrambling to lock in supplies of the potential treatment early after they lagged […]

October 4, 2021 AMMAN (Reuters) – Jordan’s King Abdullah owns properties in the United States and Britain and this was not a secret, the royal palace said, adding privacy and security reasons were behind not disclosing it. In a massive leak of financial documents published on Sunday, King Abdullah, a close ally of the United […]

October 4, 2021 By Philip Pullella VATICAN CITY (Reuters) – Pope Francis and other religious leaders made a joint appeal on Monday for next month’s U.N. Climate Change Conference (COP26) to offer concrete solutions to save the planet from “an unprecedented ecological crisis”. The “Faith and Science: Towards COP26” meeting brought together Christian leaders including […]

October 4, 2021 BEIRUT (Reuters) – The lead judge investigating the disastrous Beirut port blast will be kept on the case after Lebanon’s court of cassation rejected a legal complaint filed against him, local media reported on Monday. The probe was in danger of stalling for the second time this year after the complaint froze […]

October 4, 2021 MADRID (Reuters) – Foreign tourism to Spain rose rapidly in August as looser travel restrictions tempted back summer sunseekers though visitor numbers remained at around half their pre-pandemic levels, official statistics showed on Monday. The number of foreign tourists visiting in August more than doubled from a year ago to 5.19 million […]

Byju’s has raised about $300 million as part of a larger round of new investment as the Indian edtech giant focuses on expanding its international business and aggressively explores merger and acquisition opportunities. A filing, supplied to TechCrunch by research firm Tofler, showed that the new investment values the startup at $18 billion, up from […]

October 4, 2021 FRANKFURT (Reuters) – The recent rise in euro zone inflation has a structural driver in supply disruptions and the European Central Bank has to watch for any sign of second-round effects on wages, ECB vice-president Luis de Guindos said on Monday. “This inflation increase is not only responding to base effects but […]

October 4, 2021 By Krystal Hu, Svea Herbst-Bayliss and Echo Wang (Reuters) – Zoom Video Communications Inc’s aborted $14.7 billion acquisition of call center software firm Five9 Inc has spotlighted issues that will weigh on the virtual meeting giant’s next attempt to expand through dealmaking, analysts and investment bankers said. Zoom’s unwillingness to add cash […]

October 4, 2021 LONDON (Reuters) – OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three OPEC+ sources said on Monday, despite pressure from consumers to cool a red hot market. Ministers from The Organization of the Petroleum […]

October 4, 2021 LONDON (Reuters) -Shares in British supermarket group Sainsbury’s rose as much as 3.7% on Monday on hopes SoftBank’s Fortress Investment, which lost out in the auction for Morrisons, may turn its attention to an even bigger player in UK grocery. Sainsbury’s stock was up 4.2 pence at 288.9 pence at 0858 GMT, […]

October 4, 2021 By Borja Suarez and Marco Trujillo LA PALMA, Spain (Reuters) – A river of red-hot lava gushing from the Cumbre Vieja volcano on Spain’s La Palma thickened on Monday, after the north side of the crater collapsed the previous night causing spectacular explosions, but authorities ruled out further evacuations. Despite the heightened […]