News

September 28, 2021 By Clare Jim and Jing Xu HONG KONG (Reuters) -Beijing is prodding government-owned firms and state-backed property developers such as China Vanke Co Ltd to purchase some of embattled China Evergrande Group’s assets, people with knowledge of the matter said. Evergrande, saddled with $305 billion in liabilities, is teetering on the brink […]

September 28, 2021 By Tina Bellon and David Shepardson (Reuters) -Tesla Inc Chief Executive Elon Musk said on Tuesday U.S. President Joe Biden’s administration was not the friendliest and its electric vehicle policy appeared to be controlled by labor unions. Speaking at a tech conference in California, Musk was critical of a White House summit […]

September 28, 2021 (Reuters) – Netflix has bought video game creator Night School Studio and rolled out five mobile gaming titles in select European markets, the company said on Tuesday, as it looks to diversify revenue sources amid intensifying competition in the streaming space. Night School Studio, the company’s first gaming studio purchase, is best […]

September 28, 2021 By Antoni Slodkowski TOKYO (Reuters) – Japan’s ruling party votes for a new leader on Wednesday who will almost certainly become the next prime minister ahead of a general election due in weeks and with the economy staggering from the COVID-19 pandemic. Prime Minister Yoshihide Suga, his support in tatters ahead of […]

September 28, 2021 (Reuters) – A Canadian regulator on Tuesday asked for information from the public on telecom company Rogers Communications Inc’s planned C$20 billion ($16 billion) purchase of Shaw Communications Inc to check for competition concerns. The deal announced in March to create Canada’s second-largest cellular and cable operator has attracted regulatory scrutiny. The […]

Peter Relan is not exactly a household name, but he has seen a lot over the course of his career and enjoyed a fair amount of success. A Stanford grad who logged time at Hewlett Packard and Oracle before becoming the CTO of the ill-fated, bubble-era company Webvan, Relan has, in more recent years, become […]

September 28, 2021 By Yereth Rosen ANCHORAGE, Alaska (Reuters) – In Alaska, leaves are falling, daylight is dwindling and salmon-devouring brown bears are racing the clock to pack on the pounds they need to survive their winter hibernation. Unbeknownst to the enormous bruins, some of them are also competing in Katmai National Park and Preserve’s […]

September 28, 2021 By Arshad Mohammed and John Irish WASHINGTON/PARIS (Reuters) – The United States has reached out to China diplomatically about reducing its purchases of Iranian crude oil, U.S. and European officials said on Tuesday, as Washington seeks to persuade Tehran to resume talks about reviving the 2015 nuclear deal. Purchases of Iranian oil […]

Joint Chiefs of Staff Chair Gen. Mark Milley and Gen. Kenneth McKenzie, commander of U.S. Central Command, contradicted President Joe Biden’s claim last month that top military advisers didn’t recommend keeping a residual force in Afghanistan.  In a Sept. 28 Senate hearing, both generals said they believe the U.S. should have left a residual force […]

Remote work may have changed the way we spend our days, but there’s quite a sneaky disruptor among us: burnout. As the pandemic drags on, employees are either soul-searching for a bigger purpose or simply exhausted by the uncertainty and stale culture of their current jobs. It’s not a small subset of the working population, […]

September 28, 2021 By Amy Tennery (Reuters) – Tom Brady walks into Gillette Stadium in a different uniform but in the familiar role as defending Super Bowl champion on Sunday, playing in New England for the first time as a Tampa Bay Buccaneer. The 44-year-old returns to the New England Patriots’ home turf for the […]

September 28, 2021 MEXICO CITY (Reuters) – Mexico’s Deputy Finance Minister Gabriel Yorio said on Tuesday that the revocation of the banking license of Bank Accendo was an isolated situation and did not pose a threat to the country’s banking and financial system. (Reporting by Anthony Esposito in Mexico City, writing by Laura Gottesdiener) Source […]

September 28, 2021 By Krystal Hu and Echo Wang (Reuters) -Shares of Amplitude Inc opened nearly 43% above their reference price in their Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the benchmark-backed analytics company. San Francisco-based Amplitude, which confidentially filed for a direct listing in July, was valued at […]

September 28, 2021 (Reuters) – Wells Fargo & Co on Tuesday delayed its return-to-office plans for the second time this month, saying it will now start bringing back employees in January next year, according to a memo seen by Reuters. The bank said its operations and contact center employees will start returning to office over […]

September 28, 2021 By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Toymaker Lego doubled its earnings in the first six months of the year as customers flocked to its reopened stores to buy Star Wars building sets, model Colosseums and flower bouquets made from its colourful plastic bricks. While parts of the global retail industry are still reeling […]

September 28, 2021 LONDON (Reuters) – British fashion house Burberry deconstructed its camel trench coat for its women’s spring line on Monday, removing sleeves and in some cases, its back. The collection, called “Animal Instinct”, saw Chief Creative Officer Riccardo Tisci reinvent the label’s trademark piece, adding short capes, turning lapels into long scarves, cutting […]

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September 28, 2021 CHICAGO (Reuters) – United Airlines said on Tuesday more than 99% of its U.S.-based employees have been vaccinated against COVID-19. In a staff memo, the airline said it will begin the separation process for the less than 1% of employees who decided not to get vaccinated. In early August, United became the […]

September 28, 2021 By Luis Jaime Acosta BOGOTA (Reuters) – Thousands of Colombian protesters returned to the streets of major cities on Tuesday to once again demand that Congress approve union-backed social policies to benefit the poorest. The marchers – their numbers much reduced from a peak earlier this year – also demonstrated against a […]

September 28, 2021 SEOUL (Reuters) – The missile North Korea fired off its east coast on Tuesday was a newly developed hypersonic missile, state news media KCNA reported on Wednesday. North Korea fired the missile towards the sea off its east coast, South Korea’s military said, as Pyongyang called on the United States and South […]