News

October 4, 2021 By Manoj Kumar VARANASI, India (Reuters) – In the narrow lanes of the Hindu pilgrimage city of Varanasi, the centre of a famed silk-weaving industry, there’s little sign of the nascent economic recovery trumpeted by India’s policymakers. Sales of the heavily brocaded silk sarees made in the ancient city on the river […]

October 4, 2021 TOKYO (Reuters) – Incoming Japanese Prime Minister Fumio Kishida unveiled on Monday a cabinet line-up https://ift.tt/3a3pZB9 featuring allies of former Prime Minister Shinzo Abe, ensuring the influence of the latter’s conservative base. Of the 20 posts, 13 are filled by people with no prior cabinet experience, in line with Kishida’s pledge to […]

October 4, 2021 PARIS (Reuters) – French investment company Tikehau Capital said on Monday it was hoping to manage at least 5 billion euros ($5.8 billion) worth of assets by 2025 that would be dedicated solely to fighting climate change. Tikehau added in a statement that the plans would allow it to invest in companies […]

B Capital Group, which last week co-led Indian social commerce Meesho’s $570 million funding, is in advanced stages of talks to back Bangalore-based neobank Fi (formerly known as epiFi), many aware of the talks told me. Fi offers a neobanking service for millennials in India. The startup, which early last year raised $13.2 million in […]

October 4, 2021 By Richa Naidu CHICAGO (Reuters) – Unilever Plc  and Procter & Gamble, the world’s top two  advertisers, are seeking out younger audiences by reallocating some 2021 spending away from traditional TV and into video games, streaming services and media programs operated by retailers like Walmart and Tesco. As they continue to look […]

October 4, 2021 MANILA (Reuters) – Manila City mayor Francisco Domagoso registered to run for the presidency of the Philippines on Monday, touting himself as a unifying candidate of humble beginnings who can heal an economy and livelihoods damaged by the pandemic. Domagoso, 46, a former actor, is the second contestant to sign up for […]

October 4, 2021 Aaron Judge singled with one out in the ninth inning to drive in the winning run, and the New York Yankees clinched a playoff spot with a dramatic 1-0 victory over the visiting Tampa Bay Rays. The Yankees will face the Boston Red Sox on the road at Fenway Park Tuesday in […]

October 4, 2021 TOKYO (Reuters) – Japan’s outgoing finance minister, Taro Aso, said on Monday he had proposed lowering the central bank’s 2% inflation target when prices took a hit from plunging oil prices from 2014 through to 2015. Aso, who was finance minister for nearly nine years, said the oil price slump was among […]

October 4, 2021 By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund (IMF) should create a new instrument that lets richer countries channel their newly created IMF reserves to help a broader set of countries tackle the COVID-19 pandemic and climate change, a new task force said Monday. IMF officials have sought for months […]

The Philippines is one of the most disaster-prone countries in the world, with geography that makes it vulnerable to typhoons, floods, volcanos, earthquakes and droughts. While working in IT, Felix Ayque began compiling cyclone reports and sending them as email alerts to communities. His work evolved into environmental intelligence platform Komunidad, which collects data from […]

October 4, 2021 By Scott DiSavino (Reuters) – Regional natural gas markets in the United States are seeing prices for this winter surge along with global record highs – suggesting that the energy bills causing headaches in Europe and Asia will hit the world’s top gas producer before long. Gas prices in Europe and Asia […]

October 4, 2021 TOKYO (Reuters) – Fumio Kishida was officially elected as Japan’s 100th prime minister on Monday after winning a majority of votes in both houses of parliament. The new cabinet members under Kishida, who succeeds Yoshihide Suga, are due to be announced later in the day. (Reporting by Chang-Ran Kim) Source Link Fumio […]

October 4, 2021 HONG KONG (Reuters) – Hopson Development plans to acquire around 51% of China Evergrande’s property services unit for more than HK$40 billion ($5 billion), China’s Global Times newspaper said on Monday, citing unnamed media reports. Shares of China Evergrande, Evergrande Property Services Group and Hopson were all suspended on Monday. ($1 = […]

October 4, 2021 By Chris Taylor NEW YORK (Reuters) – If your kids have their hearts set on a particular toy this holiday season, a word of warning: It might not be easy as wandering into a store and plucking it off a shelf. Instead, you could find yourself smack in the middle of supply […]

October 4, 2021 (This October 1st story corrects spelling of name in 12th paragraph of Oct. 1 story) By Victoria Klesty OSLO (Reuters) – Demand for Tesla Inc’s mid-sized models helped push up electric car sales in Norway to nearly 80% of total car sales last month, data showed on Friday. The country has been […]

October 4, 2021 TOKYO (Reuters) – Japan’s parliament is expected to vote in Fumio Kishida as the new prime minister on Monday, with a cabinet line-up tipped to feature party stalwarts and allies of former prime minister Shinzo Abe. Here are brief profiles of some likely candidates: FUMIO KISHIDA, PRIME MINISTER A former foreign minister, […]

October 4, 2021 (Reuters) – England are favourites to win the Twenty20 World Cup despite the absence of pace bowler Jofra Archer and all-rounder Ben Stokes, wicketkeeper-batter Jos Buttler said. Stokes was not included in England’s 15-man preliminary squad as he extends his break from cricket to focus on his mental health, while Archer ruled […]

October 4, 2021 By Hideyuki Sano TOKYO (Reuters) – Asian shares dipped on Monday as concerns about China’s property sector and inflation worries offset upbeat U.S. data and positive news on new drugs to fight the coronavirus. Trading in shares of debt-laden China Evergrande was suspended after it missed a key interest payment on its […]

October 4, 2021 SINGAPORE (Reuters) – Singapore’s parliament is set on Monday to debate a proposed law to counter foreign interference that has sparked concerns from opposition parties, rights groups and experts about its broad scope and limits on judicial review. The small and open city-state says it is vulnerable to foreign meddling. The measure, […]

October 4, 2021 WELLINGTON (Reuters) – New Zealand’s Prime Minister Jacinda Ardern extended the level 3 lockdown in its biggest city Auckland on Monday, but said some restrictions will ease. Ardern said from Wednesday Aucklanders will be able to connect with loved ones outdoors with no more than two households gathering at a time, up […]