October 6, 2021 BRUSSELS (Reuters) – EU antitrust regulators are set to charge Apple with anti-competitive practices related to its NFC chip technology, people familiar with the matter said, a move that could force the iPhone maker to open up its mobile payment system to rivals. The European Commission opened an investigation into Apple Pay, […]
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Chinese labels flock to Paris to go global in high fashion
October 6, 2021 By Mimosa Spencer PARIS (Reuters) – Chinese fashion labels, including Shang Xia, Icicle and Fosun Fashion Group, are embracing Paris as a springboard for their international ambitions, opening flagship stores in the city and hiring French designers to burnish their credentials. Chinese shoppers are the biggest buyers of luxury goods worldwide, including […]
‘Winnie-the-Pooh’ bridge seen selling up to $80,000 at auction
October 6, 2021 LONDON (Reuters) – An old bridge which inspired “Winnie-the-Pooh” author A.A. Milne and was depicted in his much-loved children’s stories about the honey-loving bear is being sold at auction on Wednesday, with a price estimate of up to around $80,000. Originally known as Posingford Bridge, it was built in 1907 in Ashdown […]
New Zealand joins the great central bank exit
October 6, 2021 LONDON (Reuters) – New Zealand’s central bank hiked interest rates on Wednesday for the first time in seven years, becoming the second major developed economy to raise rates and one of several to dial back hefty stimulus unleashed in the wake of the coronavirus crisis. As an economic recovery takes hold and […]
Dow expects to add $3 billion to core earnings by 2030
October 6, 2021 (Reuters) – Dow said on Wednesday it expects to add $3 billion to its core earnings by 2030, and laid out plans to build a new net-zero carbon emissions ethylene and derivatives facility. The chemicals maker, once part of DowDupont, joins a growing list of companies that have announced plans to cut […]
IKEA to shift more production to Turkey to shorten supply chain
October 6, 2021 By Ceyda Caglayan ISTANBUL (Reuters) – Sweden’s flat-pack furniture giant IKEA is planning to move more production to Turkey to minimise problems with global supply chains and increased shipping costs, the company’s chief financial officer for Turkey said. Products it expects to make and then export from Turkey, including armchairs, bookcases, wardrobes […]
Sub-Saharan Africa GDP to grow 3.3% this year, 3.5% in 2022 -World Bank
October 6, 2021 By George Obulutsa NAIROBI (Reuters) – Sub-Saharan Africa’s economy is expected to grow by 3.3% this year and 3.5% in 2022, buoyed by rising commodity prices, the lifting of some anti-coronavirus restrictions and a pick-up in global trade, a World Bank report said on Wednesday. It said sub-Saharan growth would rise to […]
Dollar gains as energy price surge drives inflation worries
October 6, 2021 By Ritvik Carvalho LONDON (Reuters) – The dollar rose on Wednesday amid jitters that surging energy prices could spur inflation and interest rate hikes, and as traders awaited U.S. jobs data for clues on the timing of Federal Reserve policy tightening. The Reserve Bank of New Zealand lifted its official cash rate […]
Gas price explosion jolts UK bond market
October 6, 2021 By Andy Bruce LONDON (Reuters) – Britain’s government bond market is showing signs of strain from the country’s energy crisis, with headlines about gas prices sparking heavy selling this week – a new development that points to growing unease over inflation expectations. There was disarray in Britain in recent days as a […]
‘Metroid: Dread’ is a tense and fluid return to form for Nintendo’s enduring series
Nintendo seems as unable to let go of its decades-old franchises as it is unwilling to stop reinventing them. But in Metroid: Dread the company has acknowledged that sometimes it really is better not to mess with a good thing. The game’s traditional approach may not move the genre forward like some recent standouts, but […]
Mindee’s API automagically parses documents without manual data entry
Mindee offers an API that lets you turn raw data in a paper document into structured data. The startup is coming out of stealth mode and has raised a $14 million Series A round led by GGV Capital. Other investors in today’s funding round include Alven, Serena Capital, Bpifrance’s Digital Venture fund as well as […]
Marc Lore-backed ‘conversational commerce’ startup Wizard raises $50M Series A from NEA
Marc Lore, who earlier this year stepped down from his role as Walmart’s head of U.S. e-commerce, is now backing a new startup in the e-commerce space called Wizard. Lore has taken on the roles of co-founder, chairman of the board and investor in Wizard, a B2B startup in the “conversational commerce” space which believes […]
As Logicworks approaches $100M in revenue, it announces new cloud migration platform
Logicworks might not be a household name, but since 2012 it has been working with customers to help them move to the cloud and manage their workloads once they get there. By following that approach, the late stage startup is closing in on $100 million in revenue. Today, it announced a new Cloud Reliability Platform […]
World’s largest miners pledge net zero carbon emissions by 2050
October 6, 2021 LONDON (Reuters) -The world’s top miners on Tuesday committed to a goal of net zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said. “ICMM members’ collective commitment to net zero scope one (direct) and two (indirect) greenhouse gas emissions by 2050 is […]
TeamViewer cuts guidance on disappointing growth in enterprise deals
October 6, 2021 BERLIN (Reuters) – German software development firm TeamViewer cut its full year guidance on Wednesday, saying the contribution from large enterprise deals grew more slowly than expected, pushing its shares more than 11% lower. The company said it now expects 2021 billings between 535 million and 555 million euros ($617-$641 million) compared […]
It’s ‘Orban or Europe’ in 2022 election, Hungary opposition frontrunner says
October 6, 2021 By Anita Komuves BUDAPEST (Reuters) – The leading candidate to spearhead the opposition challenge to Prime Minister Viktor Orban in Hungary’s parliamentary elections said on Wednesday the contest would be about “Orban or Europe”, with Hungary’s access to European Union funds at stake. In next year’s vote the nationalist Orban will, for […]
U.S. private payrolls pick up in September -ADP
October 6, 2021 WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, allowing Americans to travel, frequent restaurants and reengage in other high-contact activities. Private payrolls increased by 568,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for August was revised lower to […]
Singer Tina Turner sells music rights to BMG
October 6, 2021 LONDON (Reuters) – Soul and rock star Tina Turner has sold the rights to her music catalogue to music company BMG, the latest vocal artist to strike such a deal for their work. In a statement on Wednesday, BMG, owned by German media company Bertelsmann AG, said it would “be a partner […]
Cyprus extends custody for suspect Israel says was Iranian ‘hit man’
October 6, 2021 NICOSIA (Reuters) – A court in Cyprus on Wednesday extended the detention of a man that Israel alleges was a would-be assassin recruited by Iran to attack Israeli businesspeople on the island. The man was arrested in the Cypriot capital Nicosia on Sept. 27. Police say that when he was intercepted a […]
Cabify bolts on grocery deliveries in Spain with Lola Market tie-up
Spanish ride-hailing unicorn Cabify is getting into grocery deliveries as it looks to add another string to its multi-modal mobility and urban utility bow. It announced the addition of a ‘Super’ option in its app today — which is available for users in nine cities in its home market, namely: A Coruña, Alicante, Barcelona, Madrid, […]
