September 16, 2021 DAKAR (Reuters) – The International Monetary Fund (IMF) has approved $67 million emergency support for Equatorial Guinea to help it deal with the impact of the coronavirus pandemic and an explosion at a military base that destroyed much of its mainland city of Bata in March. The IMF said in a statement […]
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Column-Social Security doomsayers are wrong again, but reform choices loom
September 16, 2021 By Mark Miller (Reuters) – The U.S. government recently released its annual report on the health of Social Security. Not surprisingly, that was met with a slew of doomsday forecasts from pundits and media. Social Security will soon be insolvent! Insolvency is coming years earlier than we thought! Benefit cuts are a […]
Stellantis to push into challenging Indian market with Citroen
September 16, 2021 PARIS (Reuters) – Carmaker Stellantis plans to launch a new model in India and Latin America next year under its Citroen brand, the group said on Thursday, as it aims to push out of its European turf and branch further into emerging markets where it has less exposure. The plan marks Citroen’s […]
New Hugo Boss CEO wants to buy more brands to grow
September 16, 2021 BERLIN (Reuters) – New Hugo Boss chief executive Daniel Grieder wants to buy other brands in order to grow the German fashion house, he was quoted as saying in an interview with Manager Magazin. The German label, which had been struggling to revive its business for years before being hammered by the […]
Alphabet’s Project Taara is beaming high-speed internet across the Congo River
Mariella Moon Contributor Mariella Moon is an associate editor at Engadget. More posts by this contributor Tesla ordered to share Autopilot data with the US traffic safety agency FAA opens probe into anomaly on Richard Branson’s Virgin Galactic spaceflight Alphabet ended Project Loon earlier this year, but the things it learned from the internet-broadcasting balloon […]
One U.S. state stands out in restricting corporate use of biometrics: Illinois
September 16, 2021 By Michael Berens ST. LOUIS (Reuters) – When night fell, a clerk at a bustling 24-hour MotoMart flipped a switch from behind the counter. Electromagnetic locks sealed the doorway. A window sign, now illuminated in red, warned “facial recognition technology in use” and directed customers to “look up at the camera.” On […]
Philippines refuses to work with ICC ‘war on drugs’ probe
September 16, 2021 By Karen Lema and Neil Jerome Morales MANILA (Reuters) – The government of Philippine President Rodrigo Duterte on Thursday said it will not cooperate with an International Criminal Court (ICC) probe into his notorious war on drugs, or allow any investigators into the country. Judges at the ICC on Wednesday approved a […]
Tobacco firm Philip Morris seals deal for UK’s Vectura with 75% support
September 16, 2021 By Pushkala Aripaka (Reuters) -Cigarette maker Philip Morris (PMI) has clinched the roughly 1-billion-pound takeover of inhaler maker Vectura after winning the backing of about 75% of shareholders in the British company, part of its expansion beyond tobacco. Vectura shareholders had until Sept. 15 to decide whether to support the 165 pence-per-share […]
N.Korea says it tested new railway-borne missile system to strike ‘threatening forces’
September 16, 2021 By Josh Smith SEOUL (Reuters) -The missiles fired by North Korea on Wednesday were a test of a new “railway-borne missile system” designed as a potential counter-strike to any forces that threaten the country, state news agency KCNA reported on Thursday. The missiles flew 800 km (497 miles) before striking a target […]
Lebanon judge issues arrest warrant for ex-minister over Beirut blast
September 16, 2021 BEIRUT (Reuters) – The judge investigating last year’s Beirut port blast issued an arrest warrant on Thursday for former public works minister Youssef Finianos after he failed to show up for questioning, the state National News Agency reported. Finianos, a Hezbollah ally sanctioned by the United States for his links to the […]
Not gone yet: Merkel to hang on as active caretaker
September 16, 2021 By Andreas Rinke BERLIN (Reuters) – After 16 years in power, Chancellor Angela Merkel is not seeking re-election in Germany’s Sept. 26 election but she is anything but a lame duck. The likelihood of protracted coalition talks after the vote means Merkel will not be leaving office any time soon and she […]
Byju’s acquires coding platform Tynker for $200 million in US expansion push
Byju’s said on Thursday it has acquired California-headquartered Tynker, a leading coding platform for K-12 students, the latest in a series of major purchases as the Indian edtech giant attempts to aggressively expand to international markets. The companies didn’t disclose the terms of the deal, but a person familiar with the matter told TechCrunch that […]
Asian merchant commerce platform Pine Labs raises $100 million
Pine Labs said on Thursday it has raised an additional $100 million, just weeks after securing $600 million in a financing round, as the Asian merchant commerce platform begins to explore the public markets. The U.S.-based investment management company Invesco Developing Markets Fund made the $100 million investment, the startup said in a statement. Pine […]
Analysis: India may corner nearly half of global rice trade as exports soar to record
September 16, 2021 By Rajendra Jadhav KAKINADA, India (Reuters) – India could account for as much as 45% of global rice exports in 2021 as expanded port-handling capacity allows the world’s second largest rice grower after China to ship record volumes to buyers across Africa and Asia. The world’s top exporter could ship as much […]
Japan’s hot exports growth cools as COVID-19 hits supply chains
September 16, 2021 By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) – Japan’s exports extended double-digit gains in August, led by strong shipments of chip manufacturing equipment, although the pace of growth weakened as COVID-19 hit key Asian supply chains and slowed factory production. The trade growth is unlikely to dispel worries about the outlook […]
Exclusive: UAE central bank working to replace interbank rates – sources
September 16, 2021 By Davide Barbuscia and Tom Arnold DUBAI (Reuters) – The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources said, as it tries to catch up with global regulators who have called time on such benchmarks after banks’ attempts to rig them. The UAE is […]
Euro zone trade surplus slips in July as imports rise sharply
September 16, 2021 BRUSSELS (Reuters) – The euro zone’s trade surplus with the rest of the world declined in July from a year earlier, data released by the European Union’s statistics office showed on Thursday, as imports grew at a faster rate than exports. Eurostat said the euro zone’s unadjusted trade surplus with the rest […]
The Org nabs $20M led by Tiger Global to expand its platform based on public organizational charts
LinkedIn normalized the idea of making people’s resume’s visible to anyone who wanted to look at them, and today a startup that’s hoping to do the same for companies and how they are organized and run is announcing some funding. The Org, which wants to build a global, publicly-viewable database of company organizational charts — […]
Greek jobless rate drops to 15.8% in second quarter
September 16, 2021 ATHENS (Reuters) – Greece’s jobless rate fell to 15.8% in the second quarter from 17.1% in the first three months of 2021, data by the country’s statistics service ELSTAT showed on Thursday. About 61% of Greece’s 732,544 jobless are long-term unemployed, meaning they have been out of work for at least 12 […]
Online payments business Stripe adds more jobs to Irish hub
September 16, 2021 DUBLIN (Reuters) – Digital payments processor Stripe Inc will add hundreds of new engineering jobs in Dublin over the next three years, the United States’ most valuable technology startup said on Thursday. The new roles are in addition to 1,000 jobs the company said it would create in Ireland over the next […]