News

October 5, 2021 LONDON (Reuters) – Inflationary pressures will abate as supply improves to meet demand, British Prime Minister Boris Johnson said on Tuesday. Asked during an interview on LBC about the risks of inflation due to the government’s push towards higher wages, Johnson said: “What you are seeing is demand, growing demand sucking in […]

October 5, 2021 KAMPALA (Reuters) – Telecoms firm MTN Uganda’s initial public offering is expected to raise about $1.2 billion, Keith Kalyegira, Chief Executive Officer of the Capital Markets Authority said on Tuesday. MTN Uganda said earlier it had approval to list 20% of its shareholding. (Reporting by Elias Biryabarema; Writing by George Obulutsa; Editing […]

October 5, 2021 A look at the day ahead from Sujata Rao. Inflation? Reflation? Stagflation? Whichever ultimately turns out to be correct, markets are running scared, with world stocks at the lowest since July and some 6% off the record highs hit a month ago. Brent crude has hit new three-year highs above $80 a […]

October 5, 2021 (Reuters) – European stocks edged higher on Tuesday, as rising bank stocks and an encouraging earnings update from German chipmaker Infineon calmed nerves following a tech-fuelled selloff on Wall Street. The pan-European STOXX 600 index gained 0.5% by 0711 GMT, after closing at its lowest level since July 21 in the previous […]

October 5, 2021 PARIS (Reuters) – European states will, within days, announce measures to apply pressure on London to abide by Brexit agreements sealed with the bloc when Britain left the European Union, French European Affairs Minister Clement Beaune told Europe 1 radio on Tuesday. He did not say what those measures would be, but […]

October 5, 2021 ZURICH (Reuters) – Three members of the Vatican Swiss Guards, the elite colourfully dressed corps that protects the pope, have decided to resign rather than be vaccinated against COVID-19, Swiss newspaper Tribune de Geneva reported. Following the Holy See’s implementation of new COVID-19 measures, three Swiss guards have departed on a “voluntary” […]

October 5, 2021 (Reuters) – Tampa Bay Buccaneers quarterback Tom Brady became the NFL’s all-time leader in passing yards during Sunday’s 19-17 win at New England and the 44-year-old thanked current and former team mates for helping him reach the “amazing statistic”. Brady was back at the Patriots’ home for the first time since he […]

October 5, 2021 PARIS (Reuters) -France’s President Emmanuel Macron said the forthcoming G20 summit must send a clear message to Afghanistan’s Taliban on the conditions for international recognition. In an interview with France Inter radio station broadcast on Tuesday, Macron said those conditions must include equality for women, access for foreign humanitarian operations and non-cooperation […]

October 5, 2021 By Guy Faulconbridge LONDON (Reuters) – The United Kingdom’s 25-year-old model of importing cheap labour has been up-ended by Brexit and COVID-19, sowing the seeds for a 1970s-style winter of discontent complete with worker shortages, spiralling wage demands and price rises. Leaving the European Union, followed by the chaos of the biggest […]

October 5, 2021 MANILA (Reuters) – The son and namesake of late Philippines dictator Ferdinand Marcos will file his candidacy for president in next year’s elections on Tuesday, the Philippine Star reported. Ferdinand Marcos Jr, 64, popularly known as “Bongbong”, has been involved in politics since his return in 1991 from exile following his father’s […]

October 5, 2021 By Charlotte Bruneau and Kawa Omar SHILADZE, Iraq (Reuters) – Despite the risk of getting stranded in Europe or perishing on the way there, scores of people from a single town in Iraq’s Kurdish region have opted to be smuggled into European Union countries via Belarus, local smugglers and officials say. One […]

October 5, 2021 PARIS (Reuters) – French President Emmanuel Macron said on Tuesday that he hoped diplomatic tensions with Algeria would soon ease. “My wish is that is that we can calm things down because I think it is better to talk to one another, and to make progress,” Macron told France Inter radio in […]

October 5, 2021 (Reuters) – The Japanese government will look into the right timing to restart a popular subsidised travel programme that was suspended late last year as coronavirus infections spread, broadcaster NHK reported on Tuesday, citing tourism minister Tetsuo Saito. Saito, the newly appointed minister for land, infrastructure, transport and tourism, also said at […]

  Book sales during the pandemic went up, and it seems the amount we are reading did, too. And Inkitt, the startup that operates a free, popular platform of the same name for anyone to write and publish stories — stories that Inkitt then analyses using data science to determine which of them to take […]

October 5, 2021 By Brenna Hughes Neghaiwi ZURICH (Reuters) – Swiss Re has estimated its preliminary claims burden from Hurricane Ida at $750 million, the reinsurer said on Tuesday, while updating its loss estimate for the July floods in Europe to approximately $520 million. Hurricane Ida’s damage to U.S. offshore energy production made it one of […]

Licious, a Bangalore-based startup that sells fresh meat and seafood online, said on Tuesday it has raised $52 million in a new financing round and become the first direct-to-consumer startup to attain the unicorn status in the world’s second largest internet market. The new round — a Series G — was led by Mumbai-headquartered IIFL. […]

Jonathan Abrams and Kent Lindstrom have partnered on a lot of things over the years. Lindstrom was an advisor and investor at the early social networking service Friendster, founded by Abrams. He was also the COO of social news aggregator Nuzzel, which was founded by Abrams and that sold to a subscription startup called Scroll […]

October 5, 2021 By Lewis Krauskopf NEW YORK (Reuters) – Technology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes. After Monday’s sharp drop, the S&P 500 technology sector is down 6.7% since the overall S&P 500 […]

October 5, 2021 By Michael Nienaber and Rene Wagner BERLIN (Reuters) – Chancellor Angela Merkel has steered Germany through many crises over the past 16 years, but she has also left behind a mixed legacy and failed to tackle some deep structural problems in Europe’s largest economy. Despite a “golden decade” of uninterrupted growth and […]

October 5, 2021 By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Having waited eight months for U.S. Trade Representative Katherine Tai’s promised “top-to-bottom” policy review of trade with China, some U.S. industries and experts were complaining over the plan’s lack of specifics on negotiations or timing. Unveiling her plan on Monday, Tai, President Joe […]