News

Folk is a new productivity tool started by European startup studio eFounders. And the startup just raised a $3.3 million seed funding round led by Accel with a big group of business angels. When you think about managing contacts and relationships in a professional environment, you might think that companies have solved this already. An […]

Truecaller, which operates an eponymous caller-identification service, said on Wednesday it is looking to raise $116 million in an initial public offering on Nasdaq Stockholm. The 12-year-old Stockholm-headquartered firm, which counts India as its biggest market by users, is aiming for a valuation of about $3 billion in the IPO, according to earlier local media […]

September 15, 2021 (Reuters) – Tennys Sandgren was defaulted from a tournament on Tuesday when the American accidentally struck a line judge with a ball after himself being hit in the groin. Sandgren, ranked 103rd in the world and top seed at the ATP Challenger event in Cary, North Carolina, doubled over after being struck […]

September 15, 2021 (Reuters) – China’s Ministry of Housing and Urban-Rural Development has told major banks that Evergrande will not be able to make loan interest payments due Sept. 20, Bloomberg News reported on Wednesday, citing people familiar with the matter. Evergrande, the country’s No.2 property developer, is still in talks with banks on the […]

September 15, 2021 TAIPEI (Reuters) – Taiwanese fighter jets landed on a makeshift runway on a highway strip on Wednesday overseen by President Tsai Ing-wen as annual drills reached their peak, skills that would be needed in the event China attacks and targets Taiwan’s vulnerable air bases. China has been ramping up its military pressure […]

September 15, 2021 By Edgar Su SINGAPORE (Reuters) – A group of migrant workers visited Singapore’s Little India area on Wednesday for their a first taste of freedom in more than a year, under a pilot programme to ease movement measures imposed to halt a spike in coronavirus infections in dormitories. While the rest of […]

Founded in 2013, Bangladesh’s Chaldal was one of the first grocery delivery startups in the world to use the “dark” store model, picking up orders from its own warehouses instead of retail stores. Now the company says it is the country’s second-largest grocery player and the largest grocery e-commerce platform, with 27 warehouses located in […]

September 15, 2021 DUBAI (Reuters) – Saudi Arabia’s consumer price index rose 0.3% in August from a year earlier and was 0.1% higher month on month, government data showed on Wednesday. That was steady from a rise of 0.4% in July, Saudi Arabia’s General Authority for Statistics said. That compared with a rise of 6.2% […]

September 15, 2021 By Cassandra Garrison MEXICO CITY (Reuters) -Mexico’s telecommunications regulator IFT said on Tuesday it had authorized the plan for U.S.-based Spanish-language broadcaster Univision to acquire the content business of Mexico’s Grupo Televisa in a deal to create a new company. The two companies in April announced a plan to create a new […]

September 15, 2021 SEOUL (Reuters) – Alphabet Inc’s Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant faces increased scrutiny from regulators and politicians. Google’s announcement came a day after South Korea’s antitrust agency fined Google […]

September 15, 2021 HONG KONG (Reuters) – Macau’s government begins a 45-day public consultation on Wednesday to gauge public opinion on changes to its gaming law ahead of the rebidding process of its multi-billion dollar casinos next year. WHAT IS HAPPENING? Casino operators Sands China, Wynn Macau, Galaxy Entertainment, SJM Holdings, Melco Entertainment and MGM […]

September 15, 2021 STOCKHOLM (Reuters) -Sales at Sweden’s H&M, the world’s second-biggest fashion retailer, increased less than expected from a year ago in the three months through August, and remained lodged below pre-pandemic levels. The company said on Wednesday sales grew 9% from a year earlier, or 14% measured in local currencies, to 55.6 billion […]

September 15, 2021 LONDON (Reuters) -British inflation hit a more than nine-year last month after the biggest monthly jump in the annual rate in at least 24 years, official data showed on Thursday. Consumer prices rose by 3.2% in annual terms in August after a 2.0% rise in July, the highest rate since March 2012, […]

September 15, 2021 By Sharon Bernstein SACRAMENTO, Calif. (Reuters) – California Governor Gavin Newsom on Tuesday handily beat back a Republican campaign to oust him from office, sending a decisive message that voters in the deeply Democratic state supported his policies for tackling COVID-19, immigration and crime. Newsom, who won his first term in 2018 […]

September 15, 2021 By Wendell Roelf CAPE TOWN (Reuters) – Efforts to develop an African base for COVID-19 vaccine production will focus on trying to replicate Moderna’s shot, but a lack of progress in talks with the U.S. company mean the project will take time, a senior WHO official told Reuters. The drive to produce […]

September 15, 2021 (Reuters) – John McEnroe was met with a backlash after his comments about Emma Raducanu when she retired from Wimbledon in July but the American said he was “very supportive” of her at the time and praised the Briton for her stunning U.S. Open victory. Making her major debut, Raducanu retired from […]

September 15, 2021 PARIS (Reuters) – French investment company Antin Infrastructure Partners will float its shares at a price range between 20 and 24 euros in its upcoming initial public offering (IPO), the company said on Wednesday. The IPO involves a capital increase of about 350 million euros ($416 million) through the issuance of new […]

September 15, 2021 By Yew Lun Tian QUESHAN, China (Reuters) – China’s armed forces concluded their first multinational peacekeeping exercise on Wednesday, showing off their combat prowess with drones and mine-clearing robots while seeking to project a more benign image. As the Asian giant modernises and beefs up its military by pumping hundreds of billions […]

September 15, 2021 By Sara Cheng HONG KONG (Reuters) – Nine Hong Kong pro-democracy activists were sentenced to between six and 10 months in prison on Wednesday for taking part in an unauthorised assembly at last year’s vigil for the victims of China’s 1989 Tiananmen Square crackdown on protesters. The former British colony, which returned […]