News

September 23, 2021 By Sophie Yu and Brenda Goh SHANGHAI (Reuters) – KFC operator Yum China Holdings is focusing its store expansion efforts in China on smaller cities, as demand there has recovered from the pandemic much quicker than that in the country’s major centres, its chief executive said on Thursday. The owner of the […]

September 23, 2021 (Reuters) – The United States Olympic & Paralympic Committee on Wednesday said all U.S. athletes hoping to compete at the 2022 Beijing Winter Olympics will need to be vaccinated against COVID-19. “Effective Nov. 1, 2021, the U.S. Olympic & Paralympic Committee will require all USOPC staff, athletes and those utilizing USOPC facilities – […]

September 23, 2021 By Philip O’Connor STOCKHOLM (Reuters) – Norway, the most successful country in the history of the Winter Olympics, will not follow in the footsteps of the United States and insist that those travelling to the Beijing Games are vaccinated against COVID-19, a representative told Reuters. Sweden and Finland are likely to follow […]

September 23, 2021 By Alan Baldwin (Reuters) – Max Verstappen is under pressure as he fights for a first Formula One title but will not admit to it affecting him, seven times world champion Lewis Hamilton said on Thursday. The 23-year-old is five points clear of his Mercedes rival after 14 of 22 races but […]

September 23, 2021 ASTANA (Reuters) -Vincenzo Nibali has rejoined Astana–Premier Tech five years after leaving, the Kazakh team said on Thursday. Astana announced the 36-year-old’s arrival for the 2022 season with a number of cryptic posts on their social media channels before releasing a statement, but they have not said for how long the Italian […]

If you’ve ever had to take out a loan, you know just how many documents are involved in the approval process. It’s a lot. The process is tedious and time-consuming, and in many more cases than you’d expect — still manual. Ocrolus is a startup that is hoping to change that with an automation platform […]

September 23, 2021 By Huw Jones LONDON (Reuters) – Bank of England Deputy Governor Sam Woods said on Thursday he would front-run global rules if necessary to avoid Britain’s banks building up big exposures to cryptoassets that were not backed by sufficient capital. The global Basel Committee of banking regulators have begun work on capital […]

September 23, 2021 (Reuters) – China Evergrande Group’s electric vehicle unit has stopped paying its staff and factory suppliers, according to a Bloomberg News report on Thursday. (Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli) Source Link Evergrande’s EV unit has stopped paying staff, factory suppliers – Bloomberg News David Barret

September 23, 2021 WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits unexpectedly rose last week, though the labor market continues to steadily recover. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 351,000 for the week ended Sept. 18, the Labor Department said on Thursday. Ida, which […]

September 23, 2021 By Sujata Rao and Saikat Chatterjee LONDON (Reuters) – The dollar slipped off one-month highs on Thursday, undermined by a cheerier mood on world markets and hawkish messages from several central banks in Europe, as Norway became the first developed nation to raise rates amid a loosening of pandemic restrictions in many […]

September 23, 2021 By David Henry (Reuters) – Borrowers who apply for “buy now, pay later” or other point-of-sale financing tend not to pay down their credit card debts as much as the general population, credit reporting company TransUnion said on Thursday. The conclusion, from a new study, indicates that credit card lenders might not […]

September 23, 2021 By Josh Horwitz and David Kirton SUZHOU/SHENZHEN, China (Reuters) – At an eerily quiet construction site in eastern China’s Suzhou, worker Li Hongjun says property developer Evergrande’s debt crisis means he will soon run out of food. Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande […]

September 23, 2021 BRAUNSCHWEIG (Reuters) – A former Volkswagen manager, who is on trial over the carmaker’s emissions-cheating scandal, blamed company culture on Thursday for his and others’ silence on the matter, but said he would have acted differently had he known the consequences. Hanno Jelden, who prosecutors said was in charge of the development […]

September 23, 2021 WASHINGTON (Reuters) -The rate of unruly airline passenger incidents has dropped sharply since regulators moved to impose fines in January but remains twice as high as last year, the Federal Aviation Administration said on Thursday. The incidents were occurring six times per 10,000 flights as of last week – a 50% drop […]

Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment. On the heels of open banking startup TrueLayer hitting a $1 billion valuation in its latest round after seeing strong traction for its services, today another open banking […]

September 23, 2021 (Reuters) – The United Nations High Commissioner for Human Rights on Thursday warned of a human rights catastrophe under military rule in Myanmar and urged the international community to do more to prevent conflict from worsening. “The national consequences are terrible and tragic – the regional consequences could also be profound,” Michelle Bachelet said […]

September 23, 2021 TUNIS (Reuters) – Four Tunisian parties said on Thursday that President Kais Saied has lost his legitimacy and called for an end to what they called a “coup”,‮ ‬after the president said he was taking control of legislative and executive powers. Saied declared on Wednesday he would rule by decree and ignore […]

September 23, 2021 By Ayenat Mersie and George Obulutsa NAIROBI (Reuters) – The African Union’s (AU) top health official called Britain’s lack of recognition for coronavirus vaccines administered in Africa regrettable, saying on Thursday it sends a confusing public health message. England announced last week that it would expand the list of countries from which […]

Earning passive income as an investor in single-family rental homes is a dream for many, but also something that can be intimidating to break into. Awning is a startup that aims to make the process less intimidating through a platform designed to allow individuals to invest in single-family rental homes not just in the cities […]

EU lawmakers are finally set to standardize charging ports for consumer electronics devices like smartphones and tablets — announcing a proposal today that, once adopted, will see the region settle on USB-C as a universal charging port for gadgets which will also include cameras, headphones, portable speakers and handheld videogames consoles. Some smaller consumer electronics […]