News

September 9, 2021 BEIJING (Reuters) -China’s factory gate inflation hit a 13-year high in August, as commodity prices remained elevated despite Beijing’s attempts to cool them. The producer price index (PPI) rose 9.5% from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday, faster than the 9.0% increase tipped in […]

September 9, 2021 MOSCOW (Reuters) – Russia has sent Sukhoi Su-30 fighter jets to western Belarus to form a joint military training centre, fly joint missions and patrol the two countries’ borders, the Belarusian defence ministry said on Wednesday. The announcement comes two days before the start of military drills in Belarus and Russia that […]

September 9, 2021 By Praveen Menon WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern on Thursday said her government has reached a deal with Spain to receive more than a quarter of a million additional doses of the Pfizer Inc COVID-19 vaccine. The additional doses will arrive in Auckland on Friday to help the […]

September 9, 2021 By David Ljunggren OTTAWA (Reuters) – The head of Canada’s main opposition Conservative Party, who has a chance of toppling Liberal Prime Minister Justin Trudeau, came under attack from his rival at a campaign debate on Wednesday over a promise to scrap plans for a universal daycare program. Opinion polls show the […]

September 9, 2021 TOKYO (Reuters) -Japan’s government said on Thursday it plans to extend emergency COVID-19 restrictions in Tokyo and other regions in a bid to curb infections and prevent hospitals from being overwhelmed, saying it is still too early to let down its guard. Japan has been struggling with a fifth wave of the […]

September 9, 2021 MELBOURNE (Reuters) – Stalwart lock Sam Whitelock enjoyed a special time with his wife Hannah and newborn daughter Penelope in hospital and is now preparing to spend the next few months away from them as he rejoins the All Blacks on a long tour. Whitelock missed Sunday’s 38-21 win over Australia in […]

September 9, 2021 By Yousef Saba DUBAI (Reuters) -Abu Dhabi locked in $3 billion on Wednesday with its second bond sale of the year for which it received more than $9.75 billion in orders for two tranches, a bank document showed. The emirate sold $1.75 billion in 10-year bonds at 63 basis points (bps) over […]

September 9, 2021 (Reuters) – Racial and ethnic inequities have cost the U.S. economy some $51 trillion in lost output since 1990, San Francisco Federal Reserve President Mary Daly said Wednesday, citing data from a paper she and three co-authors will present at The Brookings Institution. Large and persistent gaps in rates of employment, education, […]

September 9, 2021 SEOUL (Reuters) -North Korea appears to have staged a night-time military parade of a type it has used in the past to unveil new military hardware including large ballistic missiles, South Korean and other media focused on the country reported on Thursday. South Korea’s Yonhap news agency said the parade appeared to […]

September 9, 2021 By Amy Tennery NEW YORK (Reuters) – No one is more surprised than Emma Raducanu herself. The British teenager became the first qualifier to reach the U.S. Open semi-finals by beating Olympic champion Belinda Bencic in straight sets on Wednesday. “I didn’t expect to be here at all,” Raducanu told reporters. “I […]

September 9, 2021 NEW YORK (Reuters) – Maria Sakkari rolled through to the semi-final at the U.S. Open on Wednesday, breaking down Czech Karolina Pliskova 6-4 6-4 on Arthur Ashe Stadium. The Greek was rock-solid with excellent court coverage through the first set, getting the early break as she put up a dozen winners and […]

September 9, 2021 By Anthony Esposito and Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexico’s government on Wednesday proposed sharply reducing the tax burden for state oil firm Petroleos Mexicanos and forecast economic growth of 4.1% for 2022, as Latin America’s second largest economy continues to recover from a COVID-19-induced slump. The finance ministry’s 2022 draft budget, […]

September 9, 2021 By Hideyuki Sano TOKYO (Reuters) – The dollar was supported on Thursday by cautious risk sentiment stemming in part from worries about the Delta variant while the euro looked to the European Central Bank policy decision later in the day. The dollar index stood at 92.712, having risen for the third consecutive […]

September 9, 2021 (In 2nd paragraph, corrects to say Cascade will acquire half of the billionaire prince’s stake, not 23.8% of the stake) (Reuters) -Bill Gates’ Cascade Investment LLC is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal’s stake for $2.21 billion, the hotel […]

September 9, 2021 QUITO (Reuters) – Ecuador has reached a new staff-level agreement with the IMF that could result in $1.5 billion in new disbursements this year following promises by President Guillermo Lasso’s government to cut spending, the finance minister said on Wednesday. The South American nation last year struck a $6.5 billion deal with […]

September 9, 2021 NEW YORK (Reuters) – Goldman Sachs Group Inc hired a partner from McKinsey & Company to co-lead its operations in the Asia Pacific region outside of Japan, according to a memo sent to staff on Wednesday that was seen by Reuters. Kevin Sneader will join Goldman in Hong Kong in November as […]

September 9, 2021 By Mindy Burrows LONDON (Reuters) – Hit Disney animation “Frozen” has come to the London stage, officially opening as a West End musical on Wednesday in a theatre newly restored by composer Andrew Lloyd Webber. The Oscar-winning film about royal sisters Anna and Elsa in the fictional kingdom of Arendelle has won […]

September 9, 2021 MEXICO CITY (Reuters) -The Mexican Supreme Court’s unanimous decision on Tuesday to decriminalize abortion will principally help poorer women, who have in the past borne the brunt of punishments for the crime, the president of the tribunal said on Wednesday. Speaking after the court ruled it was no longer possible to prosecute […]

Earlier today, we joined  friend and former colleague Jon Fortt of CNBC in interviewing partner Pat Grady of Sequoia Capital, and it proved a wide-ranging conversation (we wound up blabbing for an hour, which was not always the plan). You can check out the video below but we thought there were some highlights worth pulling […]

September 9, 2021 BERLIN (Reuters) – Germany is extending its COVID-19 emergency aid for struggling companies by three months until the end of this year, the finance and economy ministries said on Wednesday. Companies with a pandemic-related drop in sales of at least 30 percent can now apply for liquidity aid of up to 10 […]