News

Over the last several years, a series of startups have emerged to cut through the complexity of launching financial services by offering technology that sits on top of partner banks’ infrastructure and enables developers to spin up bank accounts, payments and card capabilities through APIs. These banking-as-a-service (BaaS) startups promise to offer fintech capabilities to […]

September 30, 2021 (Reuters) – Whole Foods Chief Executive Officer John Mackey will retire next September from his role at the Amazon.com Inc-owned company which he co-founded 43 years ago. In a letter to Whole Foods employees on Thursday, Mackey said the company’s chief operating officer, Jason Buechel, will take over as head of the […]

September 30, 2021 By David Shepardson WASHINGTON (Reuters) -General Motors Co and Ford Motor Co said Thursday they will cut additional production because of the nagging semiconductor shortage that has hit global auto production. GM, the largest U.S. automaker, said it will extend by two weeks a halt to Chevrolet Blazer sport utility vehicle production […]

September 30, 2021 LOS ANGELES (Reuters) – Latin singer Gloria Estefan has revealed that she was sexually abused at the age of 9 by a music teacher who was part of her family. The “Turn the Beat Around” singer spoke for the first time about the abuse on an episode of “Red Table Talk: The […]

September 30, 2021 WASHINGTON (Reuters) – A majority of the U.S. House of Representatives voted on Thursday to approve a Senate-passed measure that avoids a partial government shutdown by funding federal agencies into the new fiscal year that begins on Friday. The bill now goes to President Joe Biden, who is expected to sign the […]

September 30, 2021 By Luis Jaime Acosta BOGOTA (Reuters) – About 1,900 fighters belonging to Colombian rebel and crime groups are operating from Venezuela, where they plan attacks and participate in drug trafficking, the commander of Colombia’s armed forces said. The Colombian government has long said Venezuela’s leadership grants safe harbor to Colombian armed groups, […]

September 30, 2021 CAPE TOWN (Reuters) – South African President Cyril Ramaphosa has eased restrictions aimed at combating the coronavirus pandemic to the country’s lowest alert level, the second such loosening this month as the country looks to open up its economy ahead of the summer holiday season. In a televised address, Ramaphosa announced the […]

September 30, 2021 By Robin Emmott BRUSSELS (Reuters) -Kosovo agreed on Thursday to withdraw police units from its northern border with Serbia to end a mounting dispute over vehicle licence plates that briefly escalated into violence and prompted NATO to step up patrols. The accord negotiated in Brussels calms the latest flare-up in a decades-old […]

September 30, 2021 By Krisztina Than and Anita Komuves BUDAPEST (Reuters) – Klara Dobrev, a 49-year-old lawyer who favours closer ties with the European Union, won the first leg of an opposition primary contest on Thursday to pick Hungarian Prime Minister Viktor Orban’s challenger in a 2022 national election. Dobrev, who would be the first […]

On Interstate 45 in Texas, a billboard with “Aurora” emblazoned at the top in giant white letters offers a cryptic message: “A new way to drive is on the horizon.” It’s hard to know just how many of the thousands of drivers on this stretch of road know what that means or what Aurora is; […]

September 30, 2021 By Sheila Dang and Paresh Dave (Reuters) – U.S. senators on Thursday grilled Facebook Inc on its plans to better protect young users on its apps, drawing on leaked internal research that showed the social media giant was aware of how its Instagram app harmed the mental health of teens. The hearing […]

September 30, 2021 By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) – Soaring gas prices, staff shortages, a lack of ships — price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory. Central bankers, while adamant inflation will subside, are starting to concede it may stay higher […]

September 30, 2021 By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden and his senior Democratic allies in Congress are preparing to lower their ambitions for a signature legislative achievement on their top social priorities. Faced with increasingly stiff odds of passing their $3.5 trillion social-spending proposal, Biden and his aides are […]

September 30, 2021 (Reuters) – The Federal Aviation Administration (FAA) said Thursday it will review safety concerns raised by a former Blue Origin employee about billionaire Jeff Bezos’ space company. Alexandra Abrams, former head of Blue Origin Employee Communications, and 20 other unnamed Blue Origin employees and former employees, said in an essay they had […]

September 30, 2021 By Svea Herbst-Bayliss and Makiko Yamazaki NEW YORK/TOKYO (Reuters) – Hedge fund Elliott Management said it owns a “significant” stake in troubled Japanese industrial conglomerate Toshiba Corp, which is conducting a strategic review amid pressure from other investors that could include a sale of the company. Elliott, one of the world’s most […]

September 30, 2021 By Lisa Richwine LOS ANGELES (Reuters) – A lawyer for Jamie Spears on Thursday denounced a Los Angeles judge’s decision to suspend him as conservator of his daughter Britney Spears’ $60 million estate. LA Superior Court Judge Brenda Penny removed Jamie Spears https://ift.tt/3DfGIxR from the role on Wednesday and set a November […]

September 30, 2021 (Corrects a word in headline from “Games” to “Game”) By Sangmi Cha SEOUL (Reuters) – The hit Netflix series “Squid Game” from South Korea has gone viral across the world and online by morphing childhood games popular before the digital era such as “Red Light, Green Light” into deadly survival challenges. The […]

The NFT space has had quite the year, and while it can be difficult to separate the billions of dollars in crypto speculation from the potential infrastructure shifts, plenty of mainstream tech companies are dipping their toes into the space and signaling future interest. This time it’s TikTok’s turn. The fast-growing social media platform which […]

September 30, 2021 By Julia Symmes Cobb and Luis Jaime Acosta BOGOTA (Reuters) – Colombia’s central bank board raised the benchmark interest rate by 25 basis points to 2% on Thursday, its first change to borrowing costs in a year, as it seeks to control inflation. The decision – backed by four of the seven […]

September 30, 2021 Las Vegas Aces guard Kelsey Plum was named the WNBA Sixth Player of the Year on Thursday. The award, given to the top reserve, is a first for Plum, 27. Her teammate, forward Dearica Hamby, won it in 2019 and ’20 and was second in voting this season. Plum received 41 of […]