News

September 24, 2021 TURIN (Reuters) – Tesla Inc CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummelled the car industry this year should be short term in nature. “There’s a lot of chip fabrication plants that are being built,” […]

September 24, 2021 MOSCOW (Reuters) – Shares in Russia’s leading non-state natural gas producer Novatek fell on Friday following the arrest in the United States of deputy head Mark Gyetvay, seen as a key figure in the firm’s investor relations at a time of major expansion. The U.S. Department of Justice said on Thursday that […]

September 24, 2021 By Angus McDowall TUNIS (Reuters) – Libya’s best chance of peace in years is at risk of unravelling as factions tussle over looming national elections that were envisaged as a way to end a decade of chaotic division. As a cast of factional leaders position themselves for a presidential run, many Libyans […]

September 24, 2021 MOSCOW (Reuters) – Imposing fresh sanctions against Russia would undermine hopes for the restoration of Moscow-Washington dialogue, the Kremlin said on Friday, commenting on potential moves against its sovereign debt. U.S. lawmakers are considering proposals to expand measures targeting Russian debt to secondary market trading. Some Russian debt is already under U.S. […]

September 24, 2021 WARSAW (Reuters) – An Iraqi migrant died after crossing into Poland from Belarus, Polish officials said on Friday, the fifth such death in the border area in the past week amid a surge in illegal migration across the European Union’s eastern frontier. Poland, Lithuania and the EU have accused Belarus of encouraging […]

September 24, 2021 KUALA LUMPUR (Reuters) – Malaysia’s central bank will launch an alternative to its interbank benchmark rates that will offer market participants more flexibility and hedging options, it said on Friday. The alternate rate, called the Malaysia Overnight Rate (MYOR), will run in parallel to the existing Kuala Lumpur Interbank Offered Rate (KLIBOR), […]

September 24, 2021 By David Lawder WASHINGTON (Reuters) – State and local governments disbursed over $2.3 billion in Emergency Rental Assistance Program funds in August, up from $1.7 billion in July, the U.S. Treasury said on Friday, well behind the pace needed to keep up with mounting evictions after a moratorium expired. The Treasury Department […]

September 24, 2021 SHANGHAI (Reuters) -China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out “illegal” activity in trading of bitcoin and other virtual currencies and issuing a nationwide ban on cryptocurrency mining. China’s State Council, or cabinet, vowed in May to crack down on bitcoin mining and trading as part of […]

September 24, 2021 SHENZHEN, China (Reuters) – China’s Huawei Technology will see revenue from its smartphone business drop by at least $30-40 billion this year as the company continues to grapple with U.S. restrictions on its supply chain, its rotating chairman Eric Xu said. While the firm has been “getting used to U.S. sanctions” imposed […]

September 24, 2021 By Julie Zhu HONG KONG (Reuters) – China’s antitrust regulator is unlikely to approve Baidu’s $3.6 billion acquisition of JOYY Inc’s video-based domestic live streaming business YY Live, two sources with direct knowledge of the matter told Reuters. This follows Beijing’s move to rein in gaming-related businesses and corporate expansion via deals, […]

September 24, 2021 By Tom Wilson LONDON (Reuters) – Bitcoin fell nearly 5% on Friday after China’s central bank said it would crack down on cryptocurrency trading, banning overseas exchanges from providing services to mainland investors. The largest cryptocurrency was last down 4.6% at $42,874, with smaller coins that typically trade in tandem with bitcoin […]

September 24, 2021 By Steve Holland, David Brunnstrom, Nandita Bose and Michael Martina WASHINGTON (Reuters) – Leaders of United States, Japan, India and Australia, sharing concerns about China’s growing power and behavior, meet in person as a group for the first time on Friday for a summit expected to bring progress on COVID-19 vaccines, infrastructure […]

September 24, 2021 By Clare Jim HONG KONG (Reuters) – Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed no signs that his company, China Evergrande, was facing mounting pressure with debt repayments. Hui, wearing a navy-blue suit and open-neck […]

September 24, 2021 (Reuters) – Russian wrestler Bilyal Makhov, who won a gold medal in the 120kg freestyle competition at the London Olympics, has been banned for four years for an anti-doping violation, the Russian Anti-Doping Agency (RUSADA) said. The 34-year-old’s suspension was backdated to Jan. 27, 2020, it said in a statement https://ift.tt/3zDpFTS TASS […]

September 24, 2021 By Engen Tham SHANGHAI/BEIJING (Reuters) – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent checks on their exposure to the troubled sector. Carrying $305 billion in liabilities, China’s second […]

September 24, 2021 By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – Google accused India’s antitrust regulator in court on Friday of being a “habitual offender” by leaking confidential information of cases it was examining, an accusation the watchdog rejected. The Times of India and Reuters reported on Saturday that an investigation by the […]

September 24, 2021 PESHAWAR, Pakistan (Reuters) – The Taliban’s new defence minister has issued a rebuke over misconduct by some commanders and fighters following the movement’s victory over the Western-backed government in Afghanistan last month, saying abuses would not be tolerated. Mullah Mohammad Yaqoob said in an audio message that some “miscreants and notorious former […]

September 24, 2021 TAIPEI (Reuters) – Taiwan’s export orders grew less than forecast in August on unexpectedly weaker demand for new smartphones, though the government said the demand outlook for the island’s tech goods remains good. Taiwan’s export orders, a bellwether of global technology demand, jumped 17.6% from a year earlier to $53.5 billion in […]

September 24, 2021 By Shilpa Jamkhandikar and Sankalp Phartiyal MUMBAI (Reuters) – A merger of India’s Zee and a domestic unit of Japan’s Sony Group Corp will create a television powerhouse to grab more advertising revenue, challenging top rival Walt Disney Co in a key growth market, industry officials said. The Sony-Zee alliance, with about […]

September 24, 2021 ROME (Reuters) – – Morale amongst Italian businesses slipped for a second month running in September but consumer confidence jumped to its highest level for more than 23 years, data showed on Friday. National statistics institute ISTAT’s manufacturing confidence index edged down to 113.0 in September from 113.2 in August, but was still above […]