News

September 13, 2021 WASHINGTON (Reuters) – Democrats in the U.S. House of Representatives on Monday said they were continuing to work on legislation that would “undo” a cap on state and local tax deductions imposed by Republicans’ 2017 tax reform law. “We are committed to enacting a law that will include meaningful SALT relief that […]

Fortnite maker Epic Games is appealing last week’s ruling in its court battle with Apple, where a federal judge said Apple would no longer be allowed to block developers from adding links to alternative payment mechanisms, but stopped short of dubbing Apple a monopolist. The latter would have allowed Epic Games to argue for alternative […]

September 13, 2021 By Maha El Dahan BEIRUT (Reuters) -Lebanon’s new Prime Minister Najib Mikati, who took office last week promising to revive IMF talks to unlock aid, said on Monday there was no time to lose and no easy path to tackle one of history’s worst economic meltdowns. The new government, formed after more […]

September 13, 2021 THE HAGUE (Reuters) – The Special Tribunal for Lebanon said on Monday it has secured enough funding to hear the appeal of its main case, centering on the 2005 assassination of Prime Minister Rafik Hariri, which will start Oct. 4. Three months ago the United Nations-backed international tribunal, located near The Hague, […]

BitSight, a startup that assesses the likelihood that an organization will be breached, has received a $250 million investment from credit rating giant Moody’s, and acquired Israeli cyber risk assessment startup VisibleRisk for an undisclosed sum. Boston-based BitSight says the investment from Moody’s, which has long warned that cyber risk can impact credit ratings, will […]

September 13, 2021 By Tanja Daube and Alexander Ratz BERLIN (Reuters) – Germany’s Free Democrats, potential kingmakers in coalition talks after a Sept. 26 election, want to boost investment, their leader told Reuters on Monday, lowering the hurdles to a three-way coalition with the centre-left Social Democrats and Greens. FDP leader Christian Lindner said his […]

September 13, 2021 (Corrects name of military base to Adazi, not Ainazi) ADAZI MILITARY BASE, Latvia (Reuters) – The Lithuanian government said on Monday work would start this month on the first section of fence along the Belarus border aimed at keeping out migrants, a 110 km (70 miles) stretch topped with razor wire that […]

September 13, 2021 By Hyonhee Shin and Josh Smith SEOUL (Reuters) -North Korea carried out successful tests of a new long-range cruise missile over the weekend, state media said on Monday, seen by analysts as possibly the country’s first such weapon with a nuclear capability. The missiles are “a strategic weapon of great significance” and […]

September 13, 2021 MOSCOW (Reuters) – Some Russian mobile users were unable to download updates from the AppStore on Monday and Apple reported an outage, as the authorities sought to block a banned tactical voting app ahead of parliamentary elections this week. The Kremlin is cracking down on online resources linked to jailed opposition politician […]

September 13, 2021 (This Sep.3 story corrects the name to Acuity Knowledge Partners from Acute Knowledge Partners in the eighth paragraph) By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Emerging market firms have flocked to bond markets to cash in on low interest rates and have raised a record amount of money to fund expansion […]

September 13, 2021 WASHINGTON (Reuters) – The U.S. Transportation Department said it was offering $482.3 million in aviation manufacturing assistance to 313 businesses, including up to $75.5 million to Spirit AeroSystems. Congress earlier this year created a $3 billion aviation manufacturing payroll subsidy program that will cover up to half of eligible companies’ compensation costs for as […]

September 13, 2021 By Jody Godoy and Chris Prentice WASHINGTON (Reuters) -The Office of the Comptroller of the Currency (OCC), a top U.S. banking regulator, kicked off its civil trial on Monday of three former Wells Fargo & Co executives over their alleged roles in a scandal involving phony accounts at the San Francisco lender. […]

Two major private tech companies announced IPO price ranges this morning, with Toast targeting a market value of nearly $18 billion at the top end of its range and Freshworks looking to price its equity between $28 and $32 per share. TechCrunch calculates that the company would be worth around $8.9 billion at $32 per […]

September 13, 2021 By John Irish and David Lewis PARIS (Reuters) – A deal is close that would allow Russian mercenaries into Mali, extending Russian influence over security affairs in West Africa and triggering opposition from former colonial power France, seven diplomatic and security sources said.     Paris has begun a diplomatic drive to prevent […]

September 13, 2021 GENEVA (Reuters) – Many Afghans are still fleeing their homes despite a drop in violence since the Taliban seized power last month, and the number of people crossing land borders has also risen, the head of the U.N. migration agency told an aid conference on Monday. “We have launched last week a […]

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E […]

This summer, Spotify launched its live audio app and Clubhouse rival, Spotify Greenroom, with the promises of more programming to come in the months ahead to augment its then primarily user-generated live content. Today, the company is making good on that earlier commitment, with the launch of six new shows on Spotify Greenroom focused on […]

September 13, 2021 (Corrects location of morgue in lede) By Oliver Griffin SOACHA, Colombia (Reuters) -It has been a year since Carolina Hurtado rushed to a hospital morgue near Colombia’s capital to identify the bloodied body of her older brother Cristhian, but she still has no definitive answers about how he was killed.     Cristhian […]

September 13, 2021 By Jamie McGeever ORLANDO, Fla. (Reuters) – Macro hedge funds drew in huge inflows and chalked up stellar returns in the second quarter, but stubbornly low volatility and an eerie calm over financial markets since then suggest they may struggle to maintain that performance for the rest of the year. Macro funds […]

September 13, 2021 By Gertrude Chavez-Dreyfuss and Iain Withers NEW YORK/LONDON (Reuters) -The dollar climbed to a two-week peak against a basket of major currencies on Monday, as investors continued to price in expectations that the U.S. Federal Reserve could reduce its asset purchases sooner rather than later despite a surge in COVID-19 cases. The […]