October 1, 2021 By Juan Medina and Marco Trujillo MADRID (Reuters) -Lava flowed from a newly opened crack in the Cumbre Vieja volcano on Spain’s La Palma on Friday, carving a different path from previous flows and raising fears of more destruction, while fine ash forced islanders to don masks and goggles. A river of […]
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German ‘kingmakers’ meet on coalition, courted by would-be kings
October 1, 2021 By Paul Carrel and Thomas Escritt BERLIN (Reuters) -Germany’s Greens and Free Democrats met on Friday for a second round of talks to explore possible common ground on which to form a new coalition government with either the Social Democrats or the conservatives, both of whom are courting them. The Greens and […]
Soccer-Former England defender Butcher wants heading phased out of the game
October 1, 2021 (Reuters) – Former England defender Terry Butcher wants heading to be gradually phased out of the sport to reduce the risk of brain trauma and neurodegenerative diseases. Butcher, 62, was a no-nonsense centre back who was strong in the air and famously suffered a head wound playing for England in a World […]
Daimler Trucks spin-off to take place in December if shareholders vote in favour of split, CFO says
October 1, 2021 BERLIN (Reuters) – Daimler’s spinoff of its truck division Daimler Truck Holdings will take place in December, its CFO Harald Wilhelm said on Friday, speaking ahead of a shareholder’s vote on the split. The process, which was expected this year, would cost Daimler around 700 million euros, CEO Ola Kallenius said, adding […]
U.S. consumer spending beat expectations in August; inflation rises
October 1, 2021 WASHINGTON(Reuters) – U.S. consumer spending increased more than expected in August, but a downward revision to July data kept intact expectations that economic growth slowed in the third quarter as a resurgence in COVID-19 infections curbed demand for services. The Commerce Department said on Friday that consumer spending, which accounts for more […]
British gas pumps still dry, pig cull fears grow
October 1, 2021 By Andrew MacAskill and James Davey LONDON (Reuters) -Many British gas stations were still dry on Friday after a chaotic week that saw panic-buying, fights at the pumps and drivers hoarding fuel in water bottles after an acute shortage of truck drivers strained supply chains to breaking point. Shortages of workers in […]
Children lead rise in England’s COVID-19 prevalence
October 1, 2021 By Alistair Smout LONDON (Reuters) -The prevalence of COVID-19 infections in England increased in the week ending Sept 25, Britain’s Office for National Statistics said on Friday, led by an increase in infections in school-age children. Schools in England have been open for around a month, and some epidemiologists have highlighted concern […]
BofA sees European stocks falling nearly 10% by year-end
October 1, 2021 MILAN (Reuters) – BofA Global Reseach has cut its outlook for European stocks, predicting a decline of nearly 10% by year-end given a shift in the macro backdrop towards “anti-goldilocks”, where slowing growth is accompanied by higher discount rates. In a note received on Friday, BofA said it saw the STOXX 600 […]
Democrats struggle to reach deal in Congress on Biden’s agenda
October 1, 2021 By Susan Cornwell and David Morgan WASHINGTON (Reuters) – The Democratic-controlled U.S. Congress on Friday was struggling to reach an agreement on President Joe Biden’s sweeping agenda, with House of Representatives Speaker Nancy Pelosi vowing to hold a vote on a $1 trillion infrastructure bill. That promise came shortly after midnight — […]
PSPDFkit raises $116M, its first outside money; now nearly 1B people use apps powered by its collaboration, signing and markup tools
An under-the-radar, bootstrapped startup from Vienna, Austria — a hit with developers for technology that underpins user experience for some of the world’s most popular apps — is doubling down on momentum and announcing its first outside investment, in the form of a large growth round of funding. PSPDFkit — which provides APIs and an […]
Bitcoin rises 5.2% to $43,717
October 1, 2021 (Reuters) – Bitcoin was up 5.23% at $43,716.97 as of 22:08 GMT on Thursday, adding $2,174.07 to its previous close. The world’s biggest and best-known cryptocurrency has gained 57.6% from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 5.26% to $3,001.48, adding […]
Zoom’s stock drop likely nixed Five9 deal, say analysts
October 1, 2021 By Aniruddha Ghosh (Reuters) – A slump in Zoom Video Communications Inc’s share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9 and led to the deal’s collapse, Wall Street analysts said on Friday. Five9 shareholders on Thursday voted down the sale […]
Toronto futures fall on weak oil prices; GDP data in focus
October 1, 2021 (Reuters) – Weakness in oil prices weighed on Canadian stock futures on Friday, with investors awaiting GDP data for cues about the pace of the country’s economic recovery. Oil fell below $78 a barrel on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns. […]
Bitcoin jumps 9% to touch 12-day high
October 1, 2021 LONDON (Reuters) -Bitcoin extended gains on Friday, climbing over 9% in late morning trade to $47,800, its highest level in 12 days. The largest cryptocurrency was last up 7.9% at $47,263, which if maintained would be its largest one-day jump since mid-June. Smaller coins ether and XRP, which tend to move in […]
Coty to sell 9% stake in Wella to majority owner KKR
October 1, 2021 (Reuters) – Coty Inc said on Friday it would swap around 9% of its stake in professional beauty business Wella with KKR & Co Inc for some of the cosmetic maker’s shares the U.S. buyout firm owns, valuing the deal at $426.5 million. The deal cuts Coty’s stake in Wella to around […]
Florida miner’s lawsuit accuses JPMorgan of manipulating silver prices
October 1, 2021 LONDON (Reuters) – A Florida-based silver miner has filed a damages claim against JPMorgan <JPM.N>, accusing the bank of manipulating the silver market to push prices so low the company’s mine had to close. The complaint, filed on Tuesday in the U.S. District Court for the Southern District of Florida, said Hidalgo […]
China marks national day with mass air incursion near Taiwan
October 1, 2021 TAIPEI (Reuters) -Taiwan’s air force scrambled again on Friday to warn away 25 Chinese aircraft that entered its air defence zone, the defence ministry in Taipei said, the same day as China marked its national day, the founding of the People’s Republic of China. Chinese-claimed Taiwan has complained for a year or […]
‘No Time To Die’ for British cinemas banking on Bond boost
October 1, 2021 By Muvija M (Reuters) – British cinema chains will enjoy the luxury of full houses this weekend thanks to the enduring allure of the James Bond franchise, but their challenge is to make movie-going a habit again after the coronavirus pandemic. “No Time To Die”, the new Bond film, is perhaps a […]
Futures slip ahead of inflation, factory activity data
October 1, 2021 (Reuters) – U.S. stock index futures fell on Friday with economically sensitive sectors leading declines ahead of key readings on inflation and industrial activity, while progress towards a bipartisan infrastructure package remained in focus. Oil firms including Exxon Mobil and Chevron Corp slipped about 0.9% premarket, while big banks Morgan Stanley, JPMorgan […]
Dismantle ‘ring-fencing’ rules to safeguard competitiveness, say Britain’s banks
October 1, 2021 By Huw Jones LONDON (Reuters) – Britain should consider dismantling the mandatory ring fencing of capital for retail banking introduced in the aftermath of the global financial crisis or risk harming post-Brexit competitiveness, a banking lobby group said on Friday. The requirement for banks with deposits of 25 billion pounds ($34 billion) […]
