News

October 7, 2021 ZURICH (Reuters) – Credit Suisse is looking to recoup the external costs it is incurring to recover money for investors in its insolvent supply chain finance funds linked to Greensill, the Swiss bank said on Thursday. “The recovery work that (Credit Suisse Asset Management) CSAM is doing on behalf of fund investors […]

October 7, 2021 PARIS (Reuters) – France’s antitrust chief Isabelle de Silva will end her five-year mandate as head of the competition watchdog on Oct. 13, she said on Twitter earlier this week. A spokesperson for the agency confirmed de Silva’s departure, which comes as the watchdog is due to make a ruling on the […]

October 7, 2021 By Lisa Baertlein, Jonathan Saul and Siddharth Cavale LOS ANGELES (Reuters) – The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers and Baby Alive Lulu Achoo dolls. The dry bulk […]

October 7, 2021 By Shreyashi Sanyal (Reuters) – U.S. stock index futures bounced on Thursday after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default, while a dip in oil prices eased worries of higher inflation. Top U.S. Senate Republican Mitch McConnell on Wednesday floated a plan […]

October 7, 2021 LOS ANGELES (Reuters) – Daniel Craig finally got a star on Hollywood’s Walk of Fame on Wednesday, days before his last movie as James Bond opens in the United States. “No Time to Die” marks Craig’s fifth and final outing as the suave British secret agent, ending a role that has spanned […]

October 7, 2021 STOCKHOLM (Reuters) -Tanzanian novelist Abdulrazak Gurnah won the 2021 Nobel Prize in Literature, the award-giving body said on Thursday. Gurnah, whose novels include “Paradise” and “Desertion”, writes in English and lives in Britain. The prize is awarded by the Swedish Academy and is worth 10 million Swedish crowns ($1.14 million). The prizes, […]

October 7, 2021 MUMBAI (Reuters) – The International Cricket Council will change “batsman” to the gender-neutral term “batter” in its playing conditions starting from this month’s Twenty20 World Cup, the world governing body said on Thursday. The Lord’s-based Marylebone Cricket Club, the sole authority on the laws of the game since it was founded in […]

October 7, 2021 (Reuters) – Canadian pot producer Tilray Inc on Thursday reported a 43% rise in first-quarter revenue, driven by strong demand for cannabis after coronavirus-led lockdowns. The world’s largest cannabis producer by sales said its revenue rose to $168 million in the quarter ended Aug. 31 from $117.49 million a year earlier. Net […]

October 7, 2021 LONDON (Reuters) – The size and duration of a recent jump in inflation is proving greater than expected but interest rates are likely to remain relatively low in the coming years, new Bank of England Chief Economist Huw Pill said. “As the pandemic recedes and the level and composition of global demand […]

October 7, 2021 By Elizabeth Culliford (Reuters) – Snap is launching an in-app tool to educate users searching for drug-related key words on Snapchat about the dangers of drugs and is working on tools for parents to help keep teenagers safe on the service, the company said on Thursday. The announcement comes after a public […]

October 7, 2021 By Foo Yun Chee, Toby Sterling and Stephen Nellis AMSTERDAM (Reuters) – The Dutch antitrust authority has found that Apple’s rules requiring software developers to use its in-app payment system are anti-competitive and ordered it to make changes, four people familiar with the matter said, in the latest regulatory setback for the […]

October 7, 2021 By Marc Jones LONDON (Reuters) – World stock markets got their foot back on the gas on Thursday as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of “stagflation”. Europe’s bourses rallied off 2-1/2-month lows as easing oil and gas prices […]

The adoption of cryptocurrency in Africa varies regionally. While countries with currently unstable currencies like the naira are seeing immense usage, other regions using the CFA franc have sparse adoption. A region of more than 200 million people using the CFA franc, Francophone Africa is one of the most crypto-friendly markets in Africa. But only […]

Women have made great inroads into the tech world in recent years, but there remains a long way to go before we reach a truly equitable state of affairs in workforce numbers, remuneration and product development. An edtech startup called Entity Academy — which provides women with training, in areas like data science and software […]

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 from […]

October 7, 2021 By Fergal Smith TORONTO (Reuters) – There is less room for the Canadian dollar to gain ground over the coming year as analysts expect the prospect of slower global economic growth and accelerating inflation to undermine support from higher oil prices. The median forecast of 45 strategists in an Oct. 1-6 Reuters […]

October 7, 2021 DUBLIN (Reuters) – Ireland expects to receive a revised text on a global corporate tax overhaul on Thursday after which it will announce whether or not it will sign up to the deal, Finance Minister Paschal Donohoe said. “Last night I had further engagement with the European Commission and the OECD (Organisation […]

October 7, 2021 (Reuters) – Seven times world champion Sebastien Ogier will continue to race for Toyota in selected rallies next year, with Finland’s Esapekka Lappi stepping up for those rounds the Frenchman misses. Ogier, 37, is ending his full-time world rally championship career at the end of 2021, a season that looks likely to […]

October 7, 2021 (Reuters) – Facebook Inc has slowed down the rollout of new products in recent days, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Executives at the social media company have also put a hold on some work on existing products, the report said. Facebook did not immediately […]

October 7, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin surged on Wednesday to its highest level in five months, as market sentiment continued to improve due in part to news a hedge fund controlled by billionaire investor George Soros trades bitcoin. Investors also expect a seasonal rally in cryptocurrencies this quarter. The world’s largest […]