October 4, 2021 MANILA (Reuters) – An initial investigation by the Philippine government has found 154 police officers could be criminally liable over their conduct in President Rodrigo Duterte’s bloody war on drugs, in a rare admission by the state that abuses may have taken place. The findings, announced by the Justice Secretary Menardo Guevarra […]
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Pope, other religious leaders issue pre-COP26 appeal on climate change
October 4, 2021 By Philip Pullella VATICAN CITY (Reuters) -Pope Francis and other religious leaders made a joint appeal on Monday for next month’s U.N. Climate Change Conference (COP26) to offer concrete solutions to save the planet from “an unprecedented ecological crisis”. The “Faith and Science: Towards COP26” meeting brought together Christian leaders including Archbishop […]
U.S. Supreme Court rejects challenge to New York tax on opioid companies
October 4, 2021 By Lawrence Hurley and Nate Raymond WASHINGTON (Reuters) – The U.S. Supreme Court on Monday cleared the way for New York to collect a $200 million surcharge imposed on opioid manufacturers and distributors to defray the state’s costs arising from the deadly epidemic involving the powerful painkilling drugs. The justices declined to […]
Centre-left seen winning main cities in Italian mayoral elections -exit poll
October 4, 2021 ROME (Reuters) – Centre-left candidates are seen winning most of the big cities at stake in Italian local elections, exit polls showed on Monday, with Rome’s incumbent mayor Virginia Raggi of the 5-Star Movement headed for near-certain defeat. Italy’s four largest cities — Rome, Milan, Naples and Turin — and more than […]
Netflix brings its shuffle mode feature, ‘Play Something,’ to Android users worldwide
Netflix is today officially launching a new feature for its Android users that will make it easier to find something to watch when you can’t make a decision. The feature, called “Play Something,” is a shuffle mode option that will play another movie or show Netflix believes you may like, based on your interests and […]
YC grad Wasp land $1.5M seed to help developers build web apps faster
It seems that a lot of startups are trying to help developers reduce the complexity involved in coding an app. Last week we covered the seed round for RunX, a company that helps developers code back-end cloud resources more quickly. Today, Y Combinator Winter 2021 graduate Wasp announced a $1.5 million seed round to help […]
Boxing-Fury likely to fight in Britain after Wilder re-match, says Warren
October 4, 2021 LONDON (Reuters) – World heavyweight champion Tyson Fury’s next fight after his title rematch with American Deontay Wilder in Las Vegas this weekend is likely to be in Britain, promoter Frank Warren said on Monday. Fury, the WBC champion, completes a trilogy of fights against Wilder on Saturday. The 33-year-old’s last four […]
Column-Hedge funds most bullish on 10-year Treasuries since 2017
October 4, 2021 By Jamie McGeever ORLANDO, Fla. (Reuters) – If hedge fund plays on the dollar and U.S. Treasuries are a weather vane for investors’ risk appetite and the economic outlook more broadly, then hold on to your hats. Chicago futures markets data show they have built up their largest long position in 10-year […]
Qualcomm, investment firm SSW Partners to buy Veoneer for $4.5 billion
October 4, 2021 (Reuters) – Qualcomm Inc and investment firm SSW Partners said on Monday they had reached a deal to buy Swedish company Veoneer Inc for $4.5 billion in cash. (Reporting by Abhijith Ganapavaram in Bengaluru) Source Link Qualcomm, investment firm SSW Partners to buy Veoneer for $4.5 billion David Barret
Qualcomm, SSW Partners to buy Veoneer in $4.5 billion deal
October 4, 2021 STOCKHOLM (Reuters) – Swedish automotive technology group Veoneer said on Monday chipmaker Qualcomm Inc and SSW Partners, a New York-based investment partnership, had reached a definite agreement to buy it. Veoneer said in a statement on Monday that Qualcomm and SWW Partners would buy it for $37.00 per share in an all-cash […]
Delta Air’s ticket sales improve, reinstates initial Q3 revenue view
October 4, 2021 (This October 3 story refiles to clarify paragraph 5) By Rajesh Kumar Singh BOSTON (Reuters) – Delta Air Lines said on Sunday that its ticket sales had stabilized and started to improve, putting it on course to deliver third-quarter revenue within its original forecast for a 30%-35% drop versus corresponding 2019 levels. […]
China Evergrande to raise $5 billion from property unit sale – Global Times
October 4, 2021 By Tom Westbrook and Donny Kwok HONG KONG (Reuters) – China Evergrande will sell a majority stake in its property management business for more than $5 billion, Chinese media said on Monday, a deal which would be the largest asset sale yet at the debt-laden property developer if it goes ahead. Once […]
Stagflation fears keep equity markets in a sombre mood
October 4, 2021 By Sujata Rao LONDON (Reuters) – World stocks were on the back foot on Monday and the dollar stayed close to one-year highs on concerns that higher inflation, supply shortages and China’s property sector woes would put global economic recovery at risk. Stock markets slipped to 2-1/2-month lows last week, following a […]
Ladder raises $100M on a $900M valuation for a platform selling flexible-term life insurance
Life insurance has had a new lease of life in the era of insuretech, and today one of the companies building a business out of rethinking everything — from target customers through to how to provision and pay for insurance, and how much coverage to give — is announcing some funding on the back of […]
French court postpones verdict over Tapie affair – judicial source
October 4, 2021 PARIS (Reuters) – The Paris appeals court decided to postpone its verdict over the so-called Tapie affair and the alleged involvement of Orange’s boss Stéphane Richard in a disputed payment made by the state in 2008, a judicial source said on Monday. The decision to put off the verdict follows the death […]
IMF board to grill investigators, Georgieva on data-rigging claims this week, sources say
October 4, 2021 (This October 3 story corrects “public comment” to “public judgment” in fifth paragraph, adds statemement from U.S. Treasury spokeswoman) By David Lawder WASHINGTON (Reuters) – The International Monetary Fund’s executive board will intensify its probe of Managing Director Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured […]
Apple Watch Series 7 arrives October 15, starting at $399
The Apple Watch Series 7 debuted at the big September 14 hardware event, with a vague “fall” release date. Today, the company announced that the popular wearable will go up for preorder this Friday (October 8), with in-store available starting a week later, on the 15th, for customers in Australia, Canada, China, France, Germany, India, […]
Tennis-Raducanu adds Austria to her busy end-of-season calendar
October 4, 2021 (Reuters) – U.S. Open champion Emma Raducanu has entered next month’s WTA event in Austria, tournament organisers said on Monday as the teenaged sensation gears up for a busy end-of-the-season schedule. The WTA 1000 tournament at Indian Wells this week will be the first event for the 18-year-old Briton, who stunned the […]
U.S. government rejects 2019 petition to investigate Tesla vehicle fires -federal filing
October 4, 2021 WASHINGTON (Reuters) – The National Highway Traffic Safety Administration has rejected a 2019 petition to open a formal investigation into Tesla vehicle fires, according to a federal filing on Monday. (Reporting by David Shephardson; Writing by Doina Chiacu) Source Link U.S. government rejects 2019 petition to investigate Tesla vehicle fires -federal filing […]
IATA says airline industry recovery in sight
October 4, 2021 BOSTON, Ma (Reuters) -Global airlines on Monday projected a sharp reduction in industry losses next year as a multispeed 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 trade body, predicted […]