News

September 27, 2021 SINGAPORE (Reuters) -Royal Bank of Canada’s BlueBay Asset Management has joined BlackRock in accumulating credit exposure to ailing developer China Evergrande in recent months, according to Morningstar, while HSBC and TCW funds have closed positions. Morningstar’s analysis, published on Sept. 24, also showed that UBS and funds at London-based Ashmore Group retained […]

September 27, 2021 (Reuters) -Several Apple Inc and Tesla Inc suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods. Two major Taiwanese chipmakers, however, said their China facilities are operating as normal. […]

September 27, 2021 LONDON (Reuters) – British fashion house Burberry deconstructed its camel trench coat for its women’s spring line on Monday, removing sleeves and in some cases, its back. The collection, called “Animal Instinct”, saw Chief Creative Officer Riccardo Tisci reinvent the label’s trademark piece, adding short capes, turning lapels into long scarves, cutting […]

Car enthusiasts have a history of electric-car hesitancy. While some are fully on board with electrification and hybridization, there are still some petrol holdouts, especially at the rarified and pointy end-of-the-price spectrum like Lamborghini. The push for electrification and hybrid powertrains poses a significant challenge to the carmaker known for creating striking, bespoke containers for […]

September 27, 2021 (Replaces chart with correct one) A look at the day ahead from Danilo Masoni. The main takeaway from Sunday’s German election is that coalition talks to form the first post-Merkel administration could take weeks, if not months to conclude. The Social Democrats (SPD) and the conservatives both are seeking to lead a […]

September 27, 2021 By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – The purse strings have been loosened and will stay that way, no matter who heads Germany’s new government. That’s the verdict from investors who see potential gains for segments such as green finance alongside modestly higher bond yields. After Finance Minister Olaf Scholz’s centre-left […]

September 27, 2021 By Jamie McGeever ORLANDO, Fla. (Reuters) – Ahead of the Fed’s policy meeting last week, hedge funds sold Treasuries, positioned for a steeper 2s/10s yield curve, and increased their bullish bets on the dollar. Going by markets’ initial reaction to the Fed’s hawkish turn, the combination play was perfectly timed. The question […]

September 27, 2021 By Devik Jain (Reuters) -The Nasdaq slipped on Monday as investors swapped technology heavyweights for stocks linked to economic growth amid increasing confidence in a recovery, helping the Dow mark small gains. Seven of the 11 major S&P sectors advanced, with energy jumping 3.5%, followed by financials and industrials. Banks rose 2.2%, […]

September 27, 2021 DUBAI (Reuters) -Qatar Airways Group on Monday reported a doubling of annual losses to 14.9 billion riyal ($4.1 billion), hit by the COVID-19 collapse in long-haul travel and aircraft impairment charges. The state-owned group, which includes the airline and other aviation assets, said it booked a one-off impairment of 8.4 billion riyal […]

September 27, 2021 By Nick Carey and Giulio Piovaccari OXFORD (Reuters) – Speed has always been paramount for supercar makers, and now they’re in the race of their lives to go electric before climate policy cuts their combustion engines. That’s why the likes of Ferrari and Mercedes-Benz are turning to startups such as Oxford-based electric […]

September 27, 2021 (Reuters) -The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved “substantial further progress” […]

September 27, 2021 By Howard Schneider WASHINGTON (Reuters) – U.S. employment is “still a bit short of the mark” for the Federal Reserve to begin reducing its monthly bond purchases, Fed Governor Lael Brainard said on Monday in remarks highlighting the risk that a resurgent pandemic may continue to thwart hiring into the fall. Brainard, […]

When sister duo Claudia and Carolina Recchi were first building EdSights, they used a big guiding question. “In a perfect world [where] we somehow had a magic wand that allowed us to collect the data on whatever we want on our fingers, what would we want to know to prevent [college] students from dropping out?,” […]

We’re changing the name of our membership product to TechCrunch+. We’re doing so for a few reasons but mainly because you know and trust TechCrunch to bring you the best alpha possible in the startup ecosystem. We also feel that the work the team is doing to provide our subscribers with a more, better and […]

Cryptocurrency company Coinbase is announcing a handful of new features. While the company is better known for its exchange that lets you convert USD into various cryptocurrencies, Coinbase wants to expand its consumer services so that you use the platform for different use cases with more financial services. First, the company will soon launch direct […]

September 27, 2021 By Sarah Mills LONDON (Reuters) – Daniel Craig thought he had wrapped up his tenure as James Bond with “Spectre”, but the actor says his final fifth outing as the British secret agent in “No Time To Die” allowed him to fully complete his 007 journey. Nearly 60 years after the first […]

September 27, 2021 By Sruthi Shankar and Shreyashi Sanyal (Reuters) -Europe’s STOXX 600 index ended lower on Monday as declines in tech stocks offset gains in banks and energy, while German shares hit 10-day highs as the federal election outcome reduced the chances of a left-wing coalition forming a government. Germany’s blue-chip DAX rose 0.3%, […]

Steve Dent Contributor Steve Dent is an associate editor at Engadget. More posts by this contributor Amazon is reportedly planning a wall-mounted Echo with a 15-inch display ‘Flying’ microchips could ride the wind to track air pollution NBC Universal has warned YouTube TV subscribers that 14 of its channels may be removed if the two […]

September 27, 2021 By Clara-Laeila Laudette MADRID (Reuters) -Spain’s Telefonica signed a multi-year deal with cloud-service provider Oracle to migrate most of its database systems to the cloud, the firms said on Monday, in preparation for the use of 5G and the Internet of Things (IoT). The telecoms operator, which already uses Oracle data systems, […]

September 27, 2021 By Stephanie Kelly NEW YORK (Reuters) -Oil prices gained for a fifth straight day on Monday, with Brent at its highest since October 2018 and heading for $80, as investors fretted about tighter supplies because of rising demand in parts of the world. Brent crude was up $1.38, or 1.8%, to $79.47 […]