News

September 8, 2021 (Company corrects claim in headline, paragraph 1 that it was the first Black-founded UK unicorn) LONDON (Reuters) -Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on Wednesday. The early-stage funding […]

September 8, 2021 By Stephen Nellis (Reuters) – Applied Materials on Wednesday released two new tools aimed at improving the efficiency of making a new class of chips for electric vehicles. Applied is the world’s largest maker of tools for making semiconductors. The machines announced on Wednesday are designed for chips made from a material […]

September 8, 2021 BRUSSELS (Reuters) – The European Union and Britain can resolve problems over the trading position of Northern Ireland through the protocol agreed between the two rather than to renegotiate it, European Commission vice president Maros Sefcovic said on Tuesday. “I am absolutely convinced, and I think this is clearly the position and […]

September 8, 2021 By Evan Sully (Reuters) – The number of applications for home mortgages decreased last week to the lowest level since mid-July, dampened by declines in refinancing activity and purchase applications as mortgage rates remained unchanged. The Mortgage Bankers Association (MBA) said on Wednesday its seasonally adjusted market composite index tracking mortgage applications […]

September 8, 2021 By Ritvik Carvalho LONDON (Reuters) – The dollar rose to its highest in a week against peers on Wednesday, buoyed by higher Treasury yields and a weaker euro a day ahead of a European Central Bank policy decision. The dollar index, which measures the currency against six rivals, traded 0.2% higher at […]

September 8, 2021 By Jan Strupczewski BRUSSELS (Reuters) – European Union finance ministers will begin discussing on Friday how to change their budget rules to deal with a huge rise in government debt during the coronavirus pandemic and how to encourage spending needed to arrest climate change. Potential options include exempting “green” investments from calculations […]

September 8, 2021 By Saqib Iqbal Ahmed NEW YORK (Reuters) -Options traders are expecting comparatively subdued moves in GameStop Inc shares around its earnings report, as the company that helped spark the so-called meme stock phenomenon prepares to report quarterly results on Wednesday. Traders are pricing a 14% swing for GameStop’s shares by Friday, according […]

Steve Dent Contributor Steve Dent is an associate editor at Engadget. More posts by this contributor NVIDIA’s latest tech makes AI voices more expressive and realistic Sony’s ZV-E10 brings interchangeable lenses to its vlogging camera series After launching it in Go stores and then bringing it to larger Freshsupermarkets, Amazon’s cashierless “Just Walk Out” tech […]

Jon Fingas Contributor Jon Fingas is a contributing writer at Engadget. More posts by this contributor IKEA will sell clean energy to Swedish homes Uber will offer free Rosetta Stone language courses to drivers Many efforts are underway to reduce the environmental impact of cars, but what about the tires those cars ride on? Continental […]

Paris-based VC fund Gaia Capital Partners has change its name to Revaia and announced the final closing of its first growth fund, at €250 million. The firm said it exceeded its initial target of €200 million, and the fund will be ‘ESG focused’. Revaia is also claiming to be Europe’s largest female-founded VC fund, although […]

The beauty industry is worth some $500 million annually, and the Covid-19 pandemic has led to a sharp rise in the proportion of sales being carried out online. Today, a London-based beauty startup is announcing a major round of funding in hopes of reaping the spoils of that trend with a direct-to-consumer online storefront selling […]

September 8, 2021 LONDON (Reuters) – The British Open will return to Royal Portrush in Northern Ireland in 2025 following the successful return of the championship to the course in 2019, the R&A said on Wednesday. Irishman Shane Lowry capped a memorable return to Northern Ireland for the Open for the first time since 1951 […]

September 8, 2021 By Leika Kihara TOKYO (Reuters) – The validity of mainstream economics and monetary policy prescriptions are now being questioned, as many central banks face zero interest rates after struggling to prop up their economies, former Bank of Japan Governor Masaaki Shirakawa said. During his term as BOJ head until 2013, Shirakawa was […]

September 8, 2021 SHANGHAI (Reuters) -China’s crackdown on “fan culture” is aimed at maintaining public order and will not affect its relations with any country, the Chinese embassy in South Korea said on Wednesday. The government has launched a multi-pronged crackdown on a broad range of sectors including the entertainment industry and what authorities describe […]

September 8, 2021 MOSCOW (Reuters) -Russian Emergencies Minister Yevgeny Zinichev died during a training exercise in the Arctic on Wednesday, RIA news agency cited the ministry as saying. The 55-year-old Zinichev, who had headed the high-profile emergencies ministry since 2018, died while saving someone’s life, RIA said, without providing further details. “…Zinichev died tragically while […]

Over 70% of Egypt’s young and fast-growing population of over 100 million is financially underserved despite mobile penetration exceeding 90%. Traditional banks often overlook this segment because of their spending power or financial status and fintechs have seized the opportunity to cater to their needs. One of such fintechs is MNT-Halan and today, the company […]

September 8, 2021 By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japan’s economy grew faster than the initially estimated in the April-June quarter, helped by solid capital expenditure, although a resurgence in COVID-19 is undermining service-sector consumption and clouding the outlook. Revised gross domestic product (GDP) data by the Cabinet Office released on Wednesday showed […]

September 8, 2021 By David Shepardson and Tom Hals WASHINGTON (Reuters) -A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor Morgan Zurn ruled Boeing stockholders may pursue some claims against […]

September 8, 2021 LONDON (Reuters) – British police said they had lifted a cordon set up briefly on Wednesday near Prime Minister Boris Johnson’s Downing Street office after officers saw an undisclosed item discarded nearby. “The item has been assessed and is not suspicious,” police said on Twitter. (Reporting by Michael Holden, editing by William […]

September 8, 2021 By David Ljunggren VANCOUVER (Reuters) – A month ago the prospect of Canada’s charismatic Liberal prime minister, Justin Trudeau, losing power to a little-known ex-air force navigator would have been faintly ridiculous.     When Trudeau called the Sept. 20 election, he had a hefty lead in opinion polls. But with less than […]