News

October 6, 2021 LONDON/FRANKFURT (Reuters) – German airline Lufthansa received strong investor backing for a 2.14 billion euro ($2.47 billion) rights issue, providing some encouragement for travel companies looking to weather the after effects of the COVID-19 crisis. The company said on Wednesday that its rights issue was 98.36% subscribed by investors and that it […]

October 6, 2021 By Andy Sullivan and Susan Cornwell WASHINGTON (Reuters) – Senate Democrats are set to try again on Wednesday to extend the U.S. government’s borrowing authority to head off a catastrophic default, after President Joe Biden suggested they could change the chamber’s rules to bypass a Republican roadblock. Republicans for months have refused […]

October 6, 2021 By Philip Pullella VATICAN CITY (Reuters) – The chief judge at a Vatican trial of 10 people accused of financial crimes, including a cardinal, on Wednesday ordered the prosecution to give the defence more access to evidence and to question defendants who were not given the right to speak earlier. Court president […]

October 6, 2021 BRUSSELS (Reuters) – The top European Union court ruled on Wednesday that Poland violated a key democratic tenet of judicial independence in forcing the transfer of a judge critical of the government, as well as denying him the right to appeal to an independent court. The ruling by the Luxembourg-based Court of […]

October 6, 2021 (Reuters) – UEFA have opened disciplinary proceedings into “potential discriminatory incidents” during Rangers’ 1-0 Europa League defeat at Sparta Prague last week, European soccer’s governing body said in a statement on Tuesday. Rangers midfielder Glen Kamara was jeered throughout Thursday’s game at the Letna Stadium, which UEFA had initially ordered closed for […]

October 6, 2021 (Reuters) – Juventus defender Giorgio Chiellini said he was ashamed “as an Italian” by the racist abuse directed at Napoli players by Fiorentina fans on Sunday. Napoli defender Kalidou Koulibaly, who is Black, said he was abused by Fiorentina fans, while the Gazzetta dello Sport reported his team mates Victor Osimhen and […]

October 6, 2021 By Mike Dolan LONDON (Reuters) -Much higher wages alone would probably not clear churning and distorted global labour markets at the moment – and for many workers, they may not even be the primary demand. If future pay growth dictates whether this year’s headline inflation spikes persist and booming demand for scarce […]

October 6, 2021 By Karin Strohecker and Scott Murdoch LONDON/HONG KONG (Reuters) – Global investors will probably demand more protection from riskier bond issuers in China and Asia by seeking higher returns and more transparency as a result of Evergrande Group’s financial woes. Suffocating under $305 billion in debt and teetering on the brink of […]

October 6, 2021 By Elizabeth Culliford WASHINGTON (Reuters) – Facebook whistleblower Frances Haugen told Congress on Tuesday that one option for making social media less harmful would be to create a dedicated regulatory agency to oversee companies like Facebook, and could have former tech workers on staff. “Right now, the only people in the world […]

October 6, 2021 By Rajesh Kumar Singh BOSTON (Reuters) -Global airlines on Monday projected a sharp reduction in industry losses next year as a multi-speed recovery from the coronavirus crisis gets under way, but revised up the financial toll inflicted by the pandemic in 2020 and 2021. The International Air Transport Association, the industry’s main […]

Favo, a Brazilian social commerce platform, closed on $26.5 million in Series A funding to continue developing its app that takes grocery orders through local social networks. Tiger Global Management led the round, with existing investors GFC, Elevar Equity, Kevin Efrusy, David Velez, FJ Labs and H2O participating. The latest round gives the company about […]

Google plans to invest up to $50 million in African early and growth-stage startups, ramping up efforts to support more businesses on the continent. Google made known its plans today in a virtual event where CEO Sundar Pichai announced the tech giant’s intention to commit $1 billion over the next five years in tech-led initiatives […]

Mariella Moon Contributor Mariella Moon is an associate editor at Engadget. More posts by this contributor FCC proposes new rules to combat SIM swapping scams ‘Pokémon Unite’ has arrived on Android and iOS Amazon has opened a 4-star store in Bluewater, a mall located just southeast of central London. And it’s not just the first […]

October 6, 2021 (Reuters) – U.S. stock index futures fell about 1% in early New York hours on Wednesday as soaring oil prices fed into fears of higher inflation, while a stalemate continued in the U.S. Congress over the government debt ceiling. Asian and European stocks fell earlier in the day as oil hit a […]

October 6, 2021 By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts’ estimates show. Operating profit for the world’s biggest memory chip and smartphone […]

October 6, 2021 BRUSSELS (Reuters) – Euro zone retail sales were weaker than expected in August, data showed on Wednesday, as consumers reined in spending on food, drinks and tobacco. Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro rose 0.3% month-on-month in August and were unchanged from a year […]

October 6, 2021 By Hyunjoo Jin, Ross Kerber and Rick Linsk SAN FRANCISCO/BOSTON (Reuters) – A contract worker has won a $137 million jury award over workplace racism against Tesla Inc, raising pressure on the electric vehicle maker whose shareholders will vote on Thursday on a proposal to review how it addresses similar complaints for […]

October 6, 2021 By Gaurav Dogra (Reuters) – Asian equities have seen heavy foreign outflows since the start of this month on concerns about China’s property sector and on expectations that major central banks would raise interest rates soon amid concerns about rising inflationary pressures. Foreigners have sold a combined net total of $3.35 billion […]

October 6, 2021 By Philip Pullella VATICAN CITY (Reuters) -The prosecution at a Vatican trial of 10 people accused of financial crimes, including a cardinal, acknowledged on Tuesday weaknesses in its case and said it was willing to return to the investigative phase to fill in gaps contested by the defence. Deputy prosecutor Alessandro Diddi […]

October 6, 2021 FRANKFURT (Reuters) – Euro zone banks continued to record a decline in soured loans in the second quarter, data showed on Wednesday, even as the European Central Bank warned that lenders are being complacent in recognising bad debt. Non-performing loans (NPL) at the bloc’s 114 biggest banks dropped to 422 billion euros […]