September 10, 2021 By Christopher Bing, Chris Prentice and Joseph Menn (Reuters) – A U.S. Securities and Exchange Commission investigation into the SolarWinds Russian hacking operation has dozens of corporate executives fearful information unearthed in the expanding probe will expose them to liability, according to six people familiar with the inquiry. The SEC is asking […]
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U.S. producer prices increase solidly in August
September 10, 2021 WASHINGTON (Reuters) – U.S. producer prices increased solidly in August, indicating that high inflation is likely to persist for a while, with supply chains remaining tight as the COVID-19 pandemic drags on. The producer price index for final demand rose 0.7% last month, the Labor Department said on Friday. That followed two […]
Company bosses face ethical dilemmas in French film premiering in Venice
September 10, 2021 By Silvia Aloisi VENICE (Reuters) – The tension between labour and profit in globalised, market-oriented economies is at the centre of French director Stéphane Brizé’s new film “Another World”, the story of a plant manager who is asked by his bosses to lay off his own workers. The movie, which premieres at […]
Jim Lanzone breaks up with Tinder, swipes right to take the CEO job at Yahoo, Renate Nyborg takes Tinder CEO role
Ten days after Apollo Global completed its acquisition of Yahoo (formerly Verizon Media) from Verizon for $5 billion, it has appointed a new CEO for the group. Jim Lanzone, who is currently the CEO of dating app Tinder, is coming on to lead the company (which, disclaimer, also owns TechCrunch). Renate Nyborg, who had been […]
Why do the media always pit labor against capital?
Seth Levine Contributor Share on Twitter Seth Levine is a partner and co-founder of the venture capital firm Foundry Group, based in Boulder, CO. Elizabeth MacBride Contributor Share on Twitter Elizabeth MacBride is an award-winning journalist and the founder of “Times of Entrepreneurship,” a new publication covering entrepreneurs beyond Silicon Valley. The uproar that arose […]
Kroger expects smaller decline in same-store sales on grocery demand
September 10, 2021 (Reuters) -Kroger Co said on Friday it expected a smaller decline in annual same-store sales as nerves around this summer’s surge in coronavirus infections kept Americans stocking up on groceries. The more infectious Delta variant has driven a resurgence in U.S. COVID-19 cases, delaying a return to normal and aiding businesses of […]
China’s President Xi spoke with German Chancellor Merkel – state media
September 10, 2021 BEIJING (Reuters) – China’s President Xi Jinping urged Germany to promote a “correct” policy towards China within the European Union in a phone call with German Chancellor Angela Merkel, according to a Chinese state media report on Friday. He also said he hopes the EU-China Comprehensive Agreement on Investment could be ratified […]
Soccer-Aguero has no Barca regrets despite Messi exit
September 10, 2021 BARCELONA (Reuters) – Forward Sergio Aguero said he has no regrets over signing for Barcelona despite the fact that close friend Lionel Messi left the club in the same transfer window. The Argentine, who arrived on a free transfer from Manchester City, said he was happy with the decision he had made […]
Soccer-England Women manager Wiegman hoping for home Euro success next year
September 10, 2021 (Reuters) – England Women manager Sarina Wiegman guided the Netherlands to European Championship success on home soil in 2017 but said replicating that feat in her new role would be a much harder task. Wiegman, who also led the Netherlands to the 2019 World Cup final, was named Phil Neville’s successor last […]
Soccer-Ronaldo had to leave but sale opens new cycle, says Juventus director
September 10, 2021 ROME (Reuters) – Juventus had no choice but to sell Cristiano Ronaldo after he demanded to leave in August, according to the Italian club’s football director Federico Cherubini, but the forward’s exit could herald a new era focused on youth. The 36-year-old rejoined Manchester United last month after three years in Turin, […]
Soccer-Newcastle looking to spoil Ronaldo party at Man Utd, says Bruce
September 10, 2021 (Reuters) – Cristiano Ronaldo could make his second Manchester United debut in the Premier League on Saturday but Newcastle United will do everything they can to be party poopers at Old Trafford, manager Steve Bruce said. Ronaldo, 36, re-joined United from Juventus on a two-year deal last month and the Portuguese forward […]
Rugby-Control freak De Klerk braced for Australia challenge
September 10, 2021 (Reuters) – The return of Faf de Klerk as the conductor to South Africa’s orchestra is a massive boost to the Springboks ahead of their Rugby Championship clash with Australia in the Gold Coast on Sunday. The nuggety scrumhalf missed the team’s last three tests through injury but is back in the […]
Cricket-Yorkshire say ex-player Rafiq was victim of harassment, bullying
September 10, 2021 (Reuters) -Yorkshire have apologised to former player Azeem Rafiq and accepted that he was a victim of racial harassment and bullying during his first spell at the county, the club said on Friday. Rafiq, a player of Pakistani descent and a former captain of the England Under-19s, last year said he was […]
China fines auto chip sales companies for driving up prices
September 10, 2021 BEIJING (Reuters) – China market regulator said on Friday that it fined three auto chip sales companies for driving up prices, in a move to help auto production in the world’s biggest vehicle market. The State Administration for Market Regulations said on its website that it fined three companies 2.5 million yuan […]
Canadian Liberals’ promised hike in bank taxes could lead to job cuts, higher borrowing costs
September 10, 2021 By Nichola Saminather TORONTO (Reuters) – A campaign pledge by Canada’s ruling Liberals to raise corporate taxes on banks to help pay for pandemic relief could lead to job cuts and higher borrowing costs as the lenders take steps to protect their profits, investors and political analysts said. Seeking an edge in […]
Sea Ltd raises about $6 billion in mega fund raising
September 10, 2021 (Reuters) -Singapore-based gaming and e-commerce company Sea Ltd said late on Thursday it has raised about $6 billion in an equity and convertible bond sale, making it Southeast Asia’s largest fund raising according to Refinitiv data. The company priced 11 million American Depository Receipts https://refini.tv/3E3K4VS at $318 each, together with $2.5 billion […]
China lobbies Australia parliament on joining regional trade pact
September 10, 2021 SYDNEY (Reuters) – China has lobbied the Australian parliament to help it join a major regional trading pact, describing the strength of Chinese trade with Australia and avoiding mention of billions of dollars in punitive sanctions imposed by Beijing. The Chinese embassy’s suggestion, in a submission to a parliamentary inquiry, came in […]
Futures rise after Biden-Xi call, oil bounce
September 10, 2021 (Reuters) – U.S. stock index futures rose on Friday, as signs of an easing in tensions between the United States and China added to recent data that soothed fears of a slowdown in the economic recovery. Traders read news of a phone call between U.S. President Joe Biden and Chinese leader Xi […]
Inflationary pressures force Lebanese to make tough choices
September 9, 2021 By Maha El Dahan and Alaa Kanaan BEIRUT (Reuters) – Ibrahim Jaber was laid off when the fast food restaurant where he worked as a chef in Beirut shut down. Unable to find another job, he had to take his daughter out of school to put food on the table at home. […]
Kobe Bryant designed and signed Hublot watch hits the auction block
September 10, 2021 By Alicia Powell (Reuters) – A Hublot watch designed and signed by basketball great Kobe Bryant is hitting the auction block, along with a sneaker and digital art, a package the seller values at $10 million. The timepiece is a limited edition 18K rose gold King Power ‘Black Mamba’ Tourbillon that Bryant […]
