News

September 13, 2021 By Michael Kahn and Jason Hovet PRAGUE (Reuters) – For Czech gun maker CZG-Ceska Zbrojovka Group, its recent acquisition of the Colt brand carries both the potential to become a major player in the global firearms market and the challenge of reviving the fortunes of a fabled U.S. name. Shares of CZG, […]

September 13, 2021 (Reuters) – Three media companies have agreed to pay more than $539 million to settle U.S. Securities and Exchange Commission (SEC) charges over illegal offerings of stock and digital assets, the regulator said on Monday. The SEC charged New York-based GTV Media Group Inc. and Saraca Media Group Inc and Phoenix-based Voice […]

September 13, 2021 By David Latona (Reuters) – As the main contenders in the race to succeed Angela Merkel as Germany’s next chancellor faced off in a televised debate on Sunday night, their political parties deployed social media teams in a parallel battle online. None of them, though, could match the impact of cyber-savvy activists […]

September 13, 2021 By Emma Farge GENEVA (Reuters) -The United Nations exhorted the world on Monday to raise $606 million for Afghanistan, where poverty and hunger are spiralling since the Taliban took power and billions in foreign aid have dried up amid Western distrust of the Islamist militants. After decades of war, suffering and insecurity, […]

September 13, 2021 By Susanne Neumayer-Remter Tanya Wood Petra Wischgoll BERLIN/COLOGNE, Germany (Reuters) – German Chancellor Angela Merkel has become a feminist icon after 16 years in power even though the world’s most powerful woman has only belatedly accepted that label as she prepares to step down, and conceded that gender equality is still a […]

Security operations teams face a daunting task these days, fending off malicious hackers and their increasingly sophisticated approaches to cracking into networks. That also represents a gap in the market: building tools to help those security teams do their jobs. Today, am Israeli startup called Rezilion that is doing just that — building automation tools […]

September 13, 2021 BUDAPEST/LONDON (Reuters) – Hungary’s government debt agency (AKK) overhauled its 2021 financing plan on Monday, saying it would raise the equivalent of up to 4.5 billion euros ($5.3 billion), far more than expected to help cover a likely delay in European Union’s COVID recovery fund money. Refinitiv news service IFR reported that […]

September 13, 2021 By Corina Pons and Anna Ringstrom STOCKHOLM/MADRID (Reuters) – When the world’s two biggest fashion groups unveil quarterly sales figures on Wednesday, No.1 Inditex is seen back at pre-pandemic levels as stores reopen and people long to renew their wardrobe, while H&M still has some way to go. Fashion retailers have been […]

September 13, 2021 By Zoran Milosavljevic BELGRADE (Reuters) – Novak Djokovic will swiftly overcome the disappointment of failing to win a calendar Grand Slam and a record-breaking 21st major at the U.S. Open, former Yugoslavia Davis Cup coach Radmilo Armenulic told Reuters on Monday. Djokovic suffered a crushing straight-sets loss to Russian Daniil Medvedev but […]

September 13, 2021 By Alan Baldwin (Reuters) – Formula One’s governing body will investigate Sunday’s Italian Grand Prix crash between title contenders Max Verstappen and Lewis Hamilton because it was ‘unusual’, according to race director Michael Masi. The Australian said that although the collision was relatively low-speed, the FIA’s safety experts would still take a […]

September 13, 2021 DUBAI (Reuters) – The United Arab Emirates central bank has issued new guidelines to financial institutions on anti-money laundering practices, it said on Monday, the latest of a number of measures launched by the Gulf state to combat illicit financial flows. Banks will be required to develop internal procedures and put in […]

September 13, 2021 (Reuters) – Insurers are bracing for claims of between $20 billion and $30 billion after assessing the damage from Hurricane Ida in many locations including New York and New Jersey, catastrophe risk modeling firm AIR Worldwide said on Monday. AIR said it updated its insured loss estimates after analyzing the inland flood […]

September 13, 2021 FRANKFURT (Reuters) – German stock market operator Deutsche Boerse said on Monday it had cancelled a Sept. 20 event to celebrate the planned expansion of the country’s benchmark DAX index, citing a rising numbers of coronavirus infections. “We have realised that due to the significant increase in COVID-19 infections in the Rhine-Main […]

September 13, 2021 LONDON (Reuters) – The Bank of England said on Monday that international regulators should get on with implementing the final elements of new global bank capital rules, though the BoE is facing “challenges” in setting out by year end its own proposals for doing this. “We should get on and do it […]

September 13, 2021 (Reuters) – Coinbase Global Inc is planning to raise about $1.5 billion through a debt offering to invest in product development and potential mergers and acquisitions, the U.S. cryptocurrency exchange said on Monday. (Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur) Source Link Coinbase looking to raise $1.5 billion through […]

September 13, 2021 (Reuters) – Kansas City Southern said it planned to accept Canadian Pacific Railway Ltd’s $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National Railway Ltd. This comes after the U.S. Surface Transportation Board (STB) rejected a temporary “voting trust” structure last month that […]

MarginEdge announced Monday it raised $18 million in Series B funding to give restaurant operators a real-time view into their costs. Co-founder and CEO Bo Davis founded the company with Roy Phillips and Brian Mills in 2015. Both Davis and Phillips are veterans of the restaurant industry: Davis was previously the founder of conveyor belt […]

September 13, 2021 (Corrects typo in the dateline) By Jamie Freed and Paulina Duran SYDNEY (Reuters) -A sale of Australia’s biggest airport moved closer on Monday as an infrastructure investor group won permission to conduct due diligence on Sydney Airport Holdings Pt Ltd, after sweetening its takeover offer to A$23.6 billion ($17.4 billion). The move […]

September 13, 2021 NEW YORK (Reuters) – Designers The Blonds celebrated the return of in-person shows at New York Fashion Week with a live catwalk presentation in a cabaret club, serving up an escapist vision of shimmer and sparkle. Featuring performances from singer Bodine and R&B duo Lion Babe, Sunday night’s show wrapped up a […]

Freshworks disclosed on Monday that it is aiming for a valuation of up to $9 billion in its US initial public offering in which it is hoping to raise over $800 million. The California-based firm, which started its journey in India and rivals Salesforce, said it plans to sell 28.5 million shares at a price […]