News

September 30, 2021 BERLIN (Reuters) – German car parts maker Continental announced plans for a restructuring that will combine from the start of next year business activities around connectivity, mobility, and high-performance computers, it said on Thursday. Its tires business and the ContiTech division, focused on rubber technologies, will become independent group sectors, while its […]

September 30, 2021 NEW YORK (Reuters) – Gramercy said on Thursday it “added a small position” in China Evergrande Group bonds as prices have fallen to where there is a “compelling risk/reward.” The emerging markets specialist investment manager said the decision was made given bond prices dropping to the 30 cents on the dollar area […]

September 30, 2021 CHICAGO (Reuters) – United Airlines on Thursday trimmed the number of employees who are facing termination for defying the company’s COVID-19 vaccine mandate. The Chicago-based carrier said only 320 U.S.-based staff are now not in compliance with its COVID-19 vaccination policy, marking a 46% drop in the past two days. Excluding those […]

September 30, 2021 By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge said Germany’s Allianz SE must face investor claims it wrongly “abandoned” the investment strategies it promised to use on hedge funds that suffered massive losses as the COVID-19 pandemic shook markets early last year. In an 81-page decision, U.S. District Judge Katherine […]

September 30, 2021 WASHINGTON (Reuters) – The United States condemns Ethiopia’s expulsion of United Nations officials and will not hesitate to use sanctions against those who obstruct humanitarian efforts in the country, White House press secretary Jen Psaki told reporters on Thursday. Earlier on Thursday, Ethiopia’s Ministry of Foreign Affairs said it was expelling seven […]

September 30, 2021 DUBAI (Reuters) – The first world fair to be held in the Middle East, Expo 2020 Dubai, opened on Thursday with a lavish ceremony of fireworks, music and messaging about the power of global collaboration for a more sustainable future. Stars headlining the opening ceremony, which was projected in public spaces around […]

Clubhouse announced today that it is unveiling four new features: Clips, Replay, Universal Search, and spatial audio for Android (which already exists on iOS). All of these features will launch today, except for Replay, which will roll out in October. These additions will help expand Clubhouse’s reach by making content available even after a live […]

South Korean internet service provider SK Broadband, a subsidiary of South Korean telco company SK Telecom, has filed a counterclaim against Netflix to demand payment for the bandwidth the streaming platform has used for the last three years. This case comes in the wake of the South Korean court siding against Netflix in June in […]

Last night, Facebook published two annotated slide decks in an attempt to contextualize the documents that the Wall Street Journal published this month, which reported evidence that the company is aware of its negative impact on teen mental health. These documents were released in anticipation of today’s Senate hearing on the mental health harms of […]

September 30, 2021 WARSAW (Reuters) – Poland’s Constitutional Tribunal on Thursday delayed for a fourth time a ruling on whether the country’s constitution or European Union treaties take precedence, with critics saying Warsaw may be stalling to try to put pressure on Brussels. The Tribunal started hearing the case in July but had already adjourned […]

September 30, 2021 WASHINGTON (Reuters) -The United States and Russia said in a joint statement on Thursday that they had held “intensive and substantive” talks in their second meeting within a framework that is aimed at easing tensions between the world’s largest nuclear weapons powers. The two countries have agreed to set up two working […]

September 30, 2021 By Ayenat Mersie NAIROBI (Reuters) – Ethiopians in three regions where elections had been delayed finished voting for their representatives in a peaceful exercise on Thursday, officials said, and one area also voted on whether to form its own regional state. Prime Minister Abiy Ahmed will form the next government regardless of […]

September 30, 2021 By Yury Garcia and Alexandra Valencia GUAYAQUIL, Ecuador (Reuters) -Ecuador on Thursday sought to restore order at one of its largest prisons after a riot this week killed at least 116 inmates in the latest bout of violence authorities have linked to gangs vying for control of drug trafficking routes. The national […]

September 30, 2021 (Reuters) – Liverpool right back Trent Alexander-Arnold will miss Sunday’s home Premier League game against champions Manchester City due to a muscle injury, manager Juergen Klopp said on Thursday. The 22-year-old was absent for Liverpool’s 5-1 win over Porto in the Champions League and omitted from England’s squad for World Cup qualifiers […]

September 30, 2021 By Marie-Louise Gumuchian LONDON (Reuters) – In a rehearsal room in west London, actor Derek Elroy delivers a powerful monologue about the devastating 2017 fire at Grenfell Tower, a social housing block just a short distance away. In the role of barrister Leslie Thomas, Elroy’s lines are taken from the public inquiry […]

September 30, 2021 By Anita Komuves BUDAPEST (Reuters) – Klara Dobrev’s first political campaign two years ago earned her leftist party a better-than-expected four seats in the European Parliament. Now she is one step closer to her next goal: ousting nationalist Prime Minister Viktor Orban. After the first round of opposition primaries the 49-year-old lawyer […]

Jeff Bezos just can’t get away from labor issues. The beleaguered billionaire, who has faced repeated and persistent criticism over working conditions at the company he formerly led, Amazon, is now facing allegations of a hostile work environment at his space company Blue Origin. An essay jointly composed by 21 current and former employees paints […]

TikTok this week presented its new plan to ramp up advertiser investment in its video platform with the expansion of e-commerce, a new promise of “brand safety,” and the launch of several new and interactive ad formats, ranging from clickable stickers to choose-your-own-adventure ads to “super likes” and more. The additions, the company says, will […]

September 30, 2021 By Devik Jain and Ambar Warrick (Reuters) – Wall Street’s main indexes rose on Thursday at the end of a bruising month as investors kept a close watch on funding negotiations in Washington to prevent a government shutdown. The benchmark S&P 500 was still on course to snap its seven-month winning streak, […]

September 30, 2021 MILAN (Reuters) – Alitalia successor ITA has signed a memorandum of understanding with France’s Airbus to buy 28 new jets, the carrier said on Thursday, adding the first new aircraft will start flying in the first three months of next year. The new Italian carrier has also signed a deal with Air […]