News

September 10, 2021 WASHINGTON (Reuters) – U.S. wholesale inventory accumulation slowed in July, lagging further behind sales, and it is now taking wholesalers the shortest time in seven years to clear shelves. The Commerce Department said on Friday that wholesale inventories rose 0.6% as estimated last month. Stocks at wholesalers increased 1.2% in June. Wholesale […]

September 10, 2021 (Corrects currency conversion in paragraph 14) BEIJING (Reuters) – China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy. The producer price index (PPI) rose 9.5% from a year earlier […]

September 10, 2021 By Margaryta Chornokondratenko KYIV (Reuters) – Two years after his release from a Russian jail, Ukrainian filmmaker Oleg Sentsov will premiere his movie “Rhino” at the Venice Film Festival on Friday, a journey he said was “like a fairy tale”.     “I never thought that I would be released so soon and […]

September 10, 2021 By Maha El Dahan and Laila Bassam BEIRUT (Reuters) -Lebanese leaders agreed a new government led by Sunni Muslim tycoon Najib Mikati https://ift.tt/3yYETTd on Friday after a year of feuding over cabinet seats that has exacerbated a devastating economic collapse, opening the way to a resumption of talks with the IMF. The […]

September 10, 2021 By Saliou Samb CONAKRY (Reuters) -A delegation from West Africa’s main political and economic bloc on Friday met the junta that ousted Guinean president Alpha Conde, in the hope of steering the country back towards a civilian-led, constitutional regime. West Africa’s third putsch since April has intensified fears of a slide back […]

Microsoft said in January this year that Teams, its online collaboration platform, was being used by over 100 million students — boosted in no small part by the Covid-19 pandemic and many schools going partly or fully remote. Now, it’s made another acquisition to continue expanding its position in the education market. The company has […]

September 10, 2021 (Reuters) – Seven times world champion Lewis Hamilton was fastest for Mercedes in first practice for the Italian Grand Prix at Monza on Friday, comfortably ahead of Red Bull’s championship leader Max Verstappen. The Briton lapped the super-fast circuit with a best time of one minute 20.926 seconds on the medium tyres, […]

September 10, 2021 NEW YORK (Reuters) – Leylah Fernandez and Emma Raducanu will clash in one of the most improbable U.S. Open finals on Saturday, the teenagers’ fearless tennis bringing them to the cusp of becoming the sport’s newest major champion. Their title clash under the lights at the Arthur Ashe Stadium will be the […]

September 10, 2021 (Reuters) – United Parcel Service Inc on Friday announced plans to buy Roadie, a crowd-sourced, same-day delivery company whose major clients include home improvement chain Home Depot. The companies did not disclose financial terms of the deal, which is scheduled to close in the fourth quarter. The purchase aims to help UPS […]

September 10, 2021 LONDON (Reuters) – Investors rushed to scoop up emerging market debt and technology shares in the week to Wednesday, BofA Securities said in a weekly note, with the U.S. investment bank’s own private clients boosting their equity allocations to a record high. Equity funds pulled in $12.7 billion while bond fundsattracted $12.6 […]

September 10, 2021 DETROIT (Reuters) – General Motors Co Chief Financial Officer Paul Jacobson reaffirmed the automaker’s 2021 profit outlook and said the company expects a “more stable year” in 2022 for semiconductor supplies. Jacobson said during a conference call with investors that GM still expects to deliver pre-tax profits for 2021 in the range […]

September 10, 2021 By Silvia Aloisi VENICE (Reuters) – Actors and close friends Ben Affleck and Matt Damon are reunited in “The Last Duel”, a drama about the rape of a noblewoman in medieval France directed by Ridley Scott and which premieres at the Venice Film Festival on Friday. The film tells the true story […]

September 10, 2021 By Steve Scherer and David Ljunggren HAMILTON, Ontario (Reuters) – Canadian Prime Minister Justin Trudeau on Friday entered the crucial last stage of his reelection campaign after an inconclusive leaders’ debate in which he failed to land many blows on his main rival. Trudeau, who heads a minority government that depends on […]

September 10, 2021 By Emma Farge GENEVA (Reuters) -A Swiss criminal court convicted Sheikh Ahmad Al-Fahad Al-Sabah, a power broker in international sports, of forgery on Friday in a trial over whether he used a bogus Kuwaiti coup plot to gain advantage over political rivals. The sheikh had denied all the charges in the case, […]

September 10, 2021 GENEVA (Reuters) – The U.N. rights office on Friday said that the Taliban response to peaceful marches in Afghanistan has been increasingly violent, with authorities using live ammunition, batons and whips and causing the deaths of at least four protesters. Protests and demonstrations, often led by women, pose a challenge to the […]

September 10, 2021 By Susanna Twidale LONDON (Reuters) – The world’s poorest countries asked for more help on Friday to meet vaccination and quarantine requirements and costs to ensure they can take part in next month’s global climate conference in Glasgow, Scotland. The talks aim to spur bigger commitments to start reducing manmade greenhouse gas […]

September 10, 2021 BERLIN (Reuters) – Germany removed the Greek regions of Crete and the southern Aegean as well as the French regions of Corsica and Occitania from its list of regions where there is a high risk of contracting COVID-19, the public health agency said on Friday. The move facilitates tourism to the four […]

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Mary Ann took over this week’s show with Chris and Grace, which meant that our overdeveloped senses of curiosity filled up the script just fine (even on a somewhat short week). Unintentionally, today’s episode was built around […]

September 10, 2021 (Reuters) – Chelsea have had their eyes on Saul Niguez for many years and jumped at the opportunity to sign him on loan as the Premier League club needed to reinforce its midfield, manager Thomas Tuchel said on Friday. Chelsea secured the late deadline-day loan signing of the highly-rated Spaniard with local […]

September 10, 2021 MADRID (Reuters) – Former Venezuelan military intelligence chief Hugo Carvajal, who was arrested on Thursday in Madrid after hiding for almost two years, will be held in prison pending extradition to the United States, Spain’s High Court said on Friday. U.S. investigators have charged Carvajal https://ift.tt/2QNbIzs, a former general and ally of […]