News

Qualcomm scored the purchase of Swedish automotive tech company Veoneer, nudging out Magna International with a higher bid. Qualcomm and investment group SSW Partners said Monday they would acquire Veoneer for $37 per share in an all-cash transaction. At closing, SSW said it would sell Veoneer’s Arriver tech – an advanced driver assistance system stack […]

October 4, 2021 LONDON (Reuters) – Formula One will have a record 23 races next year and a third of them could be in the sprint format trialled this year, the sport’s chief executive Stefano Domenicali said on Monday. The format has been used at Silverstone and Monza this year, with Brazil’s Interlagos to come, […]

October 4, 2021 By Lawrence Hurley and Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices donned their black robes and sat once more behind a mahogany bench in their grand courtroom on Monday as they resumed in-person oral arguments for the first time since COVID-19 pandemic disruptions started last year. The nine justices were joined […]

October 4, 2021 By Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Monday put an end to Oracle Corp’s challenge to how the Pentagon awarded the government’s now-canceled $10 billion JEDI cloud computing contract. The justices declined to hear Oracle’s appeal of a lower court ruling that found that the Austin, Texas-based business […]

October 4, 2021 WASHINGTON (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Monday urged lawmakers to pass a bill to raise or suspend the federal government’s $28.4 trillion debt ceiling by the end of the week, warning that failure holds devastating economic consequences. “We must get a bill to the President’s desk dealing with the […]

Stable, an insurtech aiming to help minimize a businesses’ risk due to volatile commodity prices, today announced it has raised $46.5 million in a Series A round of funding led by Greycroft. Notion Capital, Anthemis, Continental Grain and existing backers Syngenta and Ascot also participated in the financing, which brings the Chicago-based startup’s total raised […]

It’s said that you should measure what you value, and for founders, nothing is more valuable than growth. Growth provides revenues, venture capital, prestige and scale — ultimately driving the success of every business. Yet, measuring growth is complex and challenging — and it’s only getting tougher. Changes to attribution in iOS 14 and further […]

Volvo Cars, the Swedish carmaker owned by China’s Zhejiang Geely Holding, said Monday it would file for an initial public offering and list on the Nasdaq Stockholm exchange, in a transaction that’s expected to raise up to $2.9 billion (25 billion Swedish kroner). The deal could value the automaker at up to $25 billion, the […]

October 4, 2021 MEXICO CITY (Reuters) – Shares in Mexican carrier Grupo Aeromexico rose by more than 3% in early trading on Monday after the company said it had presented a restructuring plan to debtors as part of its Chapter 11 bankruptcy process in the United States. Shares of Aeromexico, which in June last year […]

October 4, 2021 (Reuters) – Singapore-based ride-hailing and payments firm Grab on Monday named Alex Hungate, the CEO of in-flight catering services firm and airport ground handler SATS, as its new chief operating officer, with effect from January 2022. Hungate is joining Grab after Southeast Asia’s biggest ride hailing-to-food delivery group earlier this year agreed […]

October 4, 2021 BRUSSELS/STOCKHOLM (Reuters) – Two members of the European parliament have called for an investigation into allegations by a whistleblower that Facebook prioritised profits above the public good. The whistleblower, Frances Haugen, who had worked as a product manager on the civic misinformation team at Facebook, shared internal documents with newspapers and attorneys […]

October 4, 2021 WASHINGTON (Reuters) – Billionaire Jeff Bezos’s space company said Monday that “Star Trek” actor William Shatner will fly on board the company’s New Shepard launch vehicle as part of a four-person crew that will launch next week. “I’ve heard about space for a long time now. I’m taking the opportunity to see […]

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 By Jane Lanhee Lee and Nia Williams (Reuters) – What do diamonds, sunglasses, high-end lululemon sportswear and concrete have to do with climate change? They can all be made using carbon dioxide (CO2), locking up the planet warming gas. And tech startups behind these transformations are grabbing investor attention. Some use bacteria. […]

October 4, 2021 STOCKHOLM (Reuters) – Swedish artist Lars Vilks, who stirred worldwide controversy in 2007 with drawings depicting the Prophet Mohammad with the body of a dog, was killed in a car crash near the southern town of Markaryd on Sunday, police said. Vilks, 75, who had been living under police protection since the […]

October 4, 2021 MAPUTO (Reuters) – Mozambique President Filipe Nyusi urged Islamist militants in its far north to surrender on Monday, saying they had nowhere to run, after allied Rwandan, Mozambican and southern African forces pushed them out of territory they had been occupying. Nyusi’s comments to mark Peace and National Reconciliation Day came a […]

October 4, 2021 By Ben Klayman and Svea Herbst-Bayliss (Reuters) – Hedge fund Engine No. 1 on Monday formally announced it has taken a stake in General Motors Co and was supportive of its transition to battery electric vehicles, sending the shares of the No. 1 U.S. automaker up 3.2%. The position of support for […]

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 […]

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 […]

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 […]