News

September 23, 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 23, 2021 SEOUL (Reuters) – Samsung Electronics is in talks with Tesla to make Tesla’s next-generation self-driving chips based on Samsung’s 7-nanometre chip production process, a South Korean newspaper reported on Thursday. Since the beginning of this year, Tesla and Samsung have discussed chip design multiple times and exchanged chip prototypes for Tesla’s upcoming […]

September 23, 2021 (Reuters) -Salesforce.com Inc on Thursday raised its full-year revenue forecast, as the pandemic-led shift to hybrid work fueled demand for its cloud-based software. Shares of the company were up 2.4% at $265.4 in premarket trading. The business software maker’s revenue has gone from strength to strength over the past year, with the […]

September 23, 2021 SYDNEY (Reuters) – Australian Prime Minister Scott Morrison said he has tried to arrange a conversation with French President Emmanuel Macron but has been unsuccessful so far, a week after his cancellation of a major submarine deal sparked a diplomatic row with Paris. Morrison, speaking in Washington on Wednesday, said he would […]

September 23, 2021 By Alasdair Mackenzie ROME (Reuters) – No Lukaku, no problem. Inter Milan have begun their Serie A title defence in free-scoring form, despite selling their top scorer from last season. While Juventus struggle in the absence of Cristiano Ronaldo, the Italian champions have had no such trouble, netting 18 goals in five […]

September 23, 2021 By Simon Evans MANCHESTER, England (Reuters) – European champions Chelsea take on Premier League title holders Manchester City at Stamford Bridge on Saturday in a re-match of last season’s Champions League final. When Chelsea triumphed in Porto against Pep Guardiola’s team in May, the result was considered an upset with City heavily […]

September 23, 2021 (Reuters) -The American wife of Spanish golfer Sergio Garcia has called on her compatriots to show European players respect during the Ryder Cup after being embarrassed by some U.S. fans at the 2016 competition in Minnesota. Angela Akins said she hoped there would be no repeat of the atmosphere when the event […]

The ocean is important to countless industries, but we still only have a rough idea of what it’s like as a whole at any given time. To foster a new generation of ocean-monitoring floats and other devices, Sofar Ocean Technologies and DARPA are publishing an open hardware standard called Bristlemouth so that researchers will have […]

Sternum, a three-year-old IoT cybersecurity startup based in Tel Aviv, has secured $27 million in Series B funding, led by Spark Capital. Internet of Things devices are more popular than ever, yet cybersecurity remains a looming concern. The number of attacks on IoT devices more than doubled during the first six months of 2021, according to […]

September 23, 2021 MILAN (Reuters) – Italy’s biggest utility, Enel, has set up a new company to offer digital grid services to power distributors round the world to help upgrade networks as the energy transition gathers pace. Gridspertise will manage all activities related to digital meters and intelligent grid services to help its clients deal […]

September 23, 2021 MILAN (Reuters) – Chinese restaurant chain Yum China and Italian coffee maker Lavazza, which formed a partnership in 2020, aim to open 1,000 Lavazza cafés in China by 2025, they said on Thursday. The two groups will inject $200 million initially into the joint venture to fund its future growth. In addition, […]

September 23, 2021 By Ambar Warrick (Reuters) – U.S. stock index futures rose on Thursday, indicating Wall Street was set to jump further from recent lows after investors largely brushed off concerns over the Federal Reserve’s plans for tapering. The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon […]

September 23, 2021 By Pete Schroeder WASHINGTON (Reuters) – While the U.S. Federal Reserve’s next top regulatory official is still in the balance, one thing is certain: whoever gets the job will have a jam-packed agenda tackling the gamut, from capital rules and fair lending to digital assets and climate change. Appointed to the Fed […]

September 23, 2021 By Stephen Nellis (Reuters) – Nearly four in five electronics manufacturers say that it has become harder to find qualified workers, compounding problems from an ongoing chip shortage and causing delays in shipping products, a trade group representing them said on Thursday. IPC, which represents contract manufacturers such Foxconn, chipmakers such as […]

September 23, 2021 By David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England said inflation would rise above 4% later this year, and two policymakers called for an early end to the central bank’s quantitative easing programme due to rising price pressures. Policymakers voted 7-2 to stick with the 895 billion pound ($1.2 […]

September 23, 2021 (Reuters) – Chinese authorities are asking local governments to prepare for the potential downfall of debt-ridden China Evergrande Group, the Wall Street Journal reported on Thursday, citing officials familiar with the discussions. The move has been characterised as “getting ready for the possible storm” by the officials, according to the report. The […]

September 23, 2021 ISTANBUL (Reuters) – Turkey’s central bank unexpectedly cut its policy rate by 100 basis points to 18% on Thursday, delivering stimulus long sought by President Tayyip Erdogan despite high inflation, and sending the lira to near a record low. The central bank was widely expected to hold interest rates steady at 19%, […]

September 23, 2021 By Scott Murdoch and Tom Westbrook HONG KONG (Reuters) – As uncertainty looms over cash-strapped China Evergrande Group, seizing up China’s junk bond market, pressure is building on its peers to access fresh funding to repay notes worth nearly $300 billion due over the next two years. Once its top-selling developer, Evergrande […]

September 23, 2021 By Foo Yun Chee BRUSSELS (Reuters) -The EU aims to have a common charging port for mobile phones, tablets and headphones under a European Commission proposal presented on Thursday in a world first, with the move impacting iPhone maker Apple more than its rivals. The move has been more than 10 years […]

September 23, 2021 By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – European Central Bank policymakers are bracing for inflation to exceed the bank’s already raised estimates, paving the way for it to end its emergency bond purchases in March, sources involved in the discussion said. The ECB, which plans to make a decision on […]