News

September 8, 2021 By Sruthi Shankar (Reuters) – European stocks were on course for their biggest decline in three weeks on Wednesday, a day ahead of a European Central Bank meeting that will see policymakers debate a cut in its stimulus. The Europe-focussed STOXX 600 index fell 1.3%, tracking overnight losses on Wall Street’s benchmark […]

September 8, 2021 SHANGHAI (Reuters) – China’s education ministry said on Wednesday that private tutors will be barred from offering courses online via avenues such as instant messaging services or livestreaming platforms, or in unregistered venues such as residential buildings and hotels. Beijing earlier this year barred for-profit tutoring in any school subject in an […]

September 8, 2021 ROME (Reuters) – Ryanair is willing to wait years if necessary to place a new major order with Boeing as prices are too high, Chief Executive Michael O’Leary told Reuters in an interview in which he also downplayed the chance of a deal with rival Airbus. The Irish airline, one of Boeing’s […]

September 8, 2021 ROME (Reuters) – British airports will struggle to cope with Christmas traffic due to the impact of COVID-19 and Brexit border controls, Ryanair Chief Executive Michael O’Leary told Reuters in an interview on Wednesday. “Certainly (for) Europe’s airports Christmas volumes will be no difficulty. The one exception to that will be the […]

September 8, 2021 MOSCOW (Reuters) – Two people were killed after a gas explosion struck a residential building in the Russian city of Noginsk, around 50 km (30 miles) east of Moscow, on Wednesday, the Interfax news agency cited the investigative committee as saying. “According to preliminary data, five people were injured and two have […]

September 8, 2021 RABAT (Reuters) – Moroccans started voting on Wednesday in a parliamentary election under new rules that were expected to make it much harder for the moderate Islamist PJD to remain as the biggest party. Though election polls are banned, analysts expect the PJD to lose ground to its more pro-establishment rivals, the […]

September 8, 2021 By Josh Smith SEOUL (Reuters) – South Korea’s development of a conventional submarine-launched ballistic missile (SLBM) is a ground-breaking move, analysts said, with implications for North Korea, the U.S. alliance, and even the prospect of nuclear weapons in South Korea. Last week, South Korea conducted ejection tests of the SLBM https://ift.tt/3tmZTBX from […]

September 8, 2021 MOSCOW (Reuters) -A gas explosion on Wednesday in a nine-storey block of flats in a city near the Russian capital killed two people and damaged apartments, a law enforcement agency said. Big holes in the outer walls of the building in Noginsk city, 50 km (31 miles) east of Moscow, could be […]

September 8, 2021 By Antony Paone and Ingrid Melander PARIS (Reuters) -Scores of police gathered around the Palais de Justice courthouse in central Paris early on Wednesday to protect the trial of 20 men suspected of involvement in a jihadist rampage across Paris on Nov. 13, 2015. Some 130 people were killed and hundreds wounded […]

In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as statements is all these businesses […]

September 8, 2021 NEW DELHI (Reuters) – India’s economic growth will remain strong in the coming quarters while inflation in Asia’s third largest economy is likely to remain at elevated levels, analysts at Standard and Poor’s said on Wednesday. S&P said the next rating action on India will depend on the pace of recovery over […]

September 8, 2021 FRANKFURT (Reuters) – Deutsche Bank Chief Executive Officer Christian Sewing said on Wednesday that the German lender wasn’t on the hunt for a potential merger partner. “We have to finish the homework that we’ve been carrying out for the last two to three years,” he said at a conference. (Reporting by Tom […]

September 8, 2021 FRANKFURT (Reuters) -The European Central Bank could tighten policy sooner than many expect as inflationary pressures could prove to be persistent, ECB policymaker Robert Holzmann said in a contribution to Eurofi Magazine on Wednesday. The ECB, which meets on Thursday, has kept policy ultra-easy since the start of the coronavirus pandemic, and […]

September 8, 2021 BEIJING (Reuters) – China’s foreign ministry spokesperson Wang Wenbin said on Wednesday that China is ready to maintain communication with the new government and leader in Afghanistan. Wang made the comment at a daily briefing in Beijing when asked if China would recognize the new government, whose leaders were named on Tuesday. […]

September 8, 2021 By Lizbeth Diaz and Laura Gottesdiener MEXICO CITY (Reuters) -Mexico’s Supreme Court unanimously ruled on Tuesday that penalizing abortion is unconstitutional, a major victory for advocates of women’s health and human rights, just as parts of the United States enact tougher laws against the practice. The decision in the world’s second-biggest Roman […]

September 8, 2021 (Corrects to add dropped surname in editing credits) By Alun John HONG KONG (Reuters) -Asian shares snapped eight successive sessions of gains on Wednesday, as fresh worries about slowing global growth prompted investors to reduce their exposure to riskier assets in a boost to safe-havens such as the U.S. dollar. In early […]

September 8, 2021 Marcus Semien continued his home run binge with a solo shot, Alejandro Kirk homered twice and the visiting Toronto Blue Jays extended their winning streak to six games Tuesday with a 5-1 victory over the New York Yankees, who lost ace Gerrit Cole to a hamstring injury. The Blue Jays won for […]

September 8, 2021 DUBAI (Reuters) – Abu Dhabi on Wednesday gave an initial price guidance of about 90 basis points (bps) over U.S. Treasuries (UST) for 10-year bonds and around 130 bps over UST for 30-year bonds, a bank document showed, in its second bond sale of the year. BNP Paribas, First Abu Dhabi Bank, […]

September 8, 2021 By Aditi Shah and Aftab Ahmed NEW DELHI (Reuters) – India will give about $3.5 billion in incentives to auto companies over a five-year period under a revised scheme to boost the manufacturing and export of clean technology vehicles, two sources aware of the latest proposal told Reuters. The government’s original plan […]

September 8, 2021 By Andrew Galbraith (Reuters) -Fitch Ratings cut the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the property firm due to worries over its ability to restructure its huge debts. Regulators have warned that Evergrande’s 1.97 trillion yuan ($304.79 billion) […]