News

September 23, 2021 By Siphiwe Sibeko JOHANNESBURG (Reuters) – Jubilant South African Airways (SAA) staff at the country’s biggest airport broke into song and dance on Thursday as the airline took to the skies for the first time in around a year. State-owned SAA’s longstanding financial woes were exacerbated by the COVID-19 pandemic and it […]

September 23, 2021 By Aftab Ahmed, Manoj Kumar and Nupur Anand NEW DELHI (Reuters) -New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned LIC […]

September 23, 2021 By Emilio Parodi and Francesco Guarascio BRUSSELS (Reuters) – The European Medicines Agency (EMA) expects to decide in early October on the possible use of a booster dose of the Pfizer-BioNTech COVID-19 vaccine, a source with direct knowledge of the matter told Reuters. It will be the EU drugs regulator’s first decision […]

September 23, 2021 By Daina Beth Solomon CIUDAD ACUNA (Reuters) – A migrant camp in Texas near the Mexican border where as many as 14,000 Haitians amassed in recent days has shrunk to less than half that size amid expulsion flights and detentions, even as some stay, committed to trying to remain in the United […]

September 23, 2021 BUDAPEST (Reuters) – Central European leaders signed a joint declaration on Thursday saying immigration should not be the answer to the European Union’s demographic challenges, while calling on the bloc to keep family policy under national jurisdiction. “Each Member State should shape its own family policy in accordance with its own constitution, […]

September 23, 2021 KYIV (Reuters) -Ukraine’s parliament passed a law on Thursday to order “oligarchs” to register and stay out of politics, a day after an attempt to kill a top aide to President Volodymyr Zelenskiy, which officials said could have been a response to the reform. The law, which passed at the first reading […]

September 23, 2021 By Gabriela Baczynska BRUSSELS (Reuters) -The European Union’s executive said on Thursday that risks to media freedom in Poland persisted despite a decision by the Polish regulator to extend a broadcasting licence for TVN24, a U.S. Discovery-owned news channel critical of Warsaw. After long delays, the regulator on Wednesday extended the license […]

Spotnana emerged from stealth Thursday with $41 million in its pocket and an open global platform targeting the $1.4 trillion business travel industry. The Bay Area company’s investment includes a $34 million Series A, co-led by ICONIQ and Madrona Venture Group with participation from Decibel and Mubadala Capital, and a previous undisclosed $7 million seed […]

Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Some reports peg these numbers between 500 million and 2 billion people despite the prevalence of renewable energy providers in these regions. Zola Electric, one such provider, is announcing today that it has closed $90 million in new funding […]

September 23, 2021 By Aditya Kalra NEW DELHI (Reuters) – Alphabet Inc’s Google on Thursday said it was suing the Competition Commission of India (CCI) following the leak of a confidential CCI report into an antitrust investigation of the U.S. tech giant. The Times of India newspaper, and then Reuters, reported on Saturday that a […]

September 23, 2021 PARIS (Reuters) – French fashion company SMCP, whose brands include Sandro and Maje, said on Thursday that European TopSoho – a unit of its majority shareholder – had failed to redeem 250 million euros ($293 million) of bonds exchangeable into SMCP shares. “European TopSoho has until September 30 (inclusive) to remedy this […]

September 23, 2021 BERLIN (Reuters) -Deutsche Bank sees the logic that there should be consolidation in the European banking sector and the task in hand is to prepare for that outcome, Chief Financial Officer James von Moltke said on Thursday. Hewing closely to the German bank’s standard line on potential mergers, von Moltke told a […]

September 23, 2021 By Marc Jones LONDON (Reuters) – World markets rallied on Thursday after the U.S. Federal Reserve confirmed plans to start reeling in stimulus, Norway became the first rich economy to raise rates since COVID struck and China Evergrande shares leapt ahead of a crucial debt payment. European stocks were up 1% in […]

September 23, 2021 ROME (Reuters) – Energy transition could cost Italy in excess of 650 billion euros ($760 billion) over the next decade and the government must do more to help businesses bear the cost, the head of the employers’ federation said on Thursday. “The national recovery plan provides only 6% of the investment needed […]

September 23, 2021 LONDON (Reuters) – U.S. equity index futures kicked higher and the U.S. dollar’s losses widened against its rivals after a Bloomberg news report that financial regulators in Beijing told embattled property developer China Evergrande to avoid a near-term default on its dollar bonds. Versus a basket of its rivals, the greenback fell […]

Well that was fast. London grocery delivery upstart, Jiffy — which was only founded in April this year — has nabbed $28 million in Series A funding around half a year after initial £2.6M seed raise. It says it’s now raised a total of $35M. The grocery delivery startup operates a network of its own […]

September 23, 2021 MILAN (Reuters) – U.S investment firm 777 Partners said on Thursday it had acquired full ownership of Italy’s oldest soccer club, Genoa, from businessman Enrico Preziosi. 777 Partners will purchase 99.9% of the club’s capital, inject fresh funds and “will assume certain related liabilities,”, it said in a statement, without giving financial […]

September 23, 2021 By Stephanie Kelly NEW YORK (Reuters) – Tech firm Honeywell International Inc and consulting and engineering company Wood are set to launch a technology solution to help companies reduce carbon intensity when making sustainable aviation fuel, the partners said on Thursday. The solution could benefit producers of sustainable aviation fuel, or SAF, […]

September 23, 2021 (Reuters) – Health insurer Cigna Corp on Thursday named Eric Palmer as president and chief executive officer of Evernorth, its health services unit that mainly houses its pharmacy benefit management business. The health insurer also announced several other leadership changes to help accelerate growth across its business portfolio. (Reporting by Mrinalika Roy […]

September 23, 2021 (Reuters) – Euro zone business activity grew at its weakest pace in five months in September as curbs to limit the Delta variant of coronavirus hit demand and supply-chain constraints pushed input costs to a more than two-decade high, a survey showed on Thursday. Despite daily infection rates slowing significantly over the […]