News

October 7, 2021 By Emma Rumney JOHANNESBURG (Reuters) – Thandi Mkhabela’s money used to slip through her fingers. Now the 34-year-old mother of four earns interest on monthly savings, has paid off debts and is planning to extend her house in a township just outside Johannesburg, without ever dealing with a bank. Mkhabela’s improved financial […]

October 7, 2021 By Isla Binnie MADRID (Reuters) – A vicious cycle linking the depletion of natural resources with violent conflict may have gone past the point of no return in parts of the world and is likely to be exacerbated by climate change, a report said on Thursday. Food insecurity, lack of water and […]

October 7, 2021 TOKYO (Reuters) – The Bank of Japan cut its assessment for five of the country’s nine regions on Thursday as the economy took a hit from supply constraints and a spike in coronavirus infections during the summer. “While some regions saw the rebound in their economies moderating, many maintained the view that […]

October 7, 2021 By Kate Abnett and Simon Jessop BRUSSELS (Reuters) – The environmental law firm ClientEarth has warned the European Union that it would be breaching its own laws if it labels investments in gas-fuelled energy as “green” in upcoming finance regulations. In a Wednesday letter to the bloc’s executive seen by Reuters, ClientEarth […]

October 7, 2021 SYDNEY (Reuters) -Football Australia (FA) announced an independent complaint management procedure on Wednesday after recently retired international striker Lisa De Vanna said she had been the victim of sexual assault, harassment and bullying during her career. De Vanna made her initial allegations in response to a Twitter post by Megan Rapinoe, in […]

October 7, 2021 JAKARTA (Reuters) – Indonesia’s parliament on Thursday passed into law the government’s proposals to overhaul tax regulations, deputy speaker Muhaimin Iskandar said, including raising the value added tax rate next year and scrapping a planned corporate tax cut. The law also brings in a 35% income tax for those earning more than […]

October 7, 2021 By Foo Yun Chee BRUSSELS (Reuters) – DuckDuckGo and three other search engine rivals to Google on Thursday urged EU lawmakers to take action against the Alphabet unit via new tech rules, saying they have yet to see positive results from an antitrust ruling against Google. The European Commission in 2018 levied […]

October 7, 2021 By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW (Reuters) -OPEC+’s decision on Monday to stick with a plan to raise oil output modestly and gradually, despite prices surging to multi-year highs, was partly driven by concern that demand and prices could weaken, sources close to the group told Reuters. The other […]

October 7, 2021 TOKYO (Reuters) – Japan’s new Prime Minister Fumio Kishida is likely to continue the broad economic policies of predecessors Shinzo Abe and Yoshihide Suga, including support for the central bank’s massive stimulus programme, ratings agency Fitch said on Thursday. “The economy should benefit in the near term from an ebbing of the […]

October 7, 2021 MELBOURNE (Reuters) – Australia’s resources minister has proposed setting up a government-run A$250 billion ($180 billion) lending facility for the country’s coal industry in return for supporting a net zero carbon emissions target for 2050, he said on Thursday. Resources minister Keith Pitt, a member of the junior coalition partner National Party, […]

October 7, 2021 By Margaryta Chornokondratenko KYIV (Reuters) – A group of people walks slowly in silence past a stand-alone thick wall made of coal with large quartz crystals sticking out of it. People pause to touch the crystals and stand close to the 40-meter-long structure, some with eyes closed.     “The Crystal Wall of […]

October 7, 2021 By Helena Soderpalm and Supantha Mukherjee STOCKHOLM (Reuters) – Northvolt plans to invest $750 million expanding its laboratory facility in Sweden, a top executive said, to meet soaring demand for lithium-ion batteries as carmakers go electric. As it aims to take on major Asian players such as CATL and LG Chem, Northvolt […]

October 7, 2021 TAIPEI (Reuters) – Former Australian prime minister Tony Abbott said on Thursday he was in Taiwan to help end its international isolation, offering his support to the democratically run island even in the face of what he called China’s “challenges”. Abbott, who made the comments to President Tsai Ing-wen at her office […]

Getsafe has extended its Series B round that it previously announced in December 2020. In addition to its original Series B round of $30 million, the company is adding another $63 million in fresh capital. Overall, Getsafe has raised a $93 million Series B round. Investors in today’s funding round include unnamed family offices as […]

October 7, 2021 By Amy Tennery NEW YORK (Reuters) – Banners and signs declaring, “PROTECT THE PLAYERS” and “NO MORE SILENCE” ringed National Women’s Soccer League (NWSL) pitches on Wednesday as teams took to the field for the first time since sexual misconduct allegations rocked the competition. The matches were the first since a report […]

October 7, 2021 SINGAPORE (Reuters) – Singapore’s central bank is set to release its monetary policy statement on Oct.14, according to an update to its calendar on Thursday. The city state will also release advanced estimates of third quarter gross domestic product data on the same day. The Monetary Authority of Singapore (MAS) is expected […]

October 7, 2021 By Clare Jim HONG KONG (Reuters) -Shares of Chinese Estates Holdings, a former major shareholder of embattled developer China Evergrande, jumped as much as 31% on Thursday after it announced an offer to take the company private for HK$1.91 billion ($245 million). The Hong Kong developer said Solar Bright Ltd, backed by […]

October 7, 2021 By Erwin Seba HOUSTON (Reuters) -Members of the union representing locked-out workers at Exxon Mobil Corp’s Beaumont, Texas, refinery have submitted a petition to force a vote on removing the union, the union and company said on Wednesday. Exxon and the local United Steelworkers union said they were notified by the U.S. […]

October 7, 2021 BENGALURU (Reuters) – Reliance Industries’s retail arm Reliance Retail Ventures Limited said on Thursday it has entered into a franchise agreement with 7-Eleven Inc to launch the convenience stores in India. On Tuesday, Future Retail said it ended a franchise agreement with the chain. Reliance said the first 7-Eleven store is set […]

October 7, 2021 By Marcelo Rochabrun LIMA (Reuters) -An indigenous community in Peru’s Espinar province that blocked a key mining road on Wednesday plans to continue the blockade indefinitely, a local leader said, in protest against the government and Glencore PLC’s Antapaccay copper mine. The conflict comes a day after the government defused a similar […]