News

September 22, 2021 BEIJING (Reuters) -China’s northeastern city of Harbin, population 10 million, went into semi-shutdown after reporting new locally transmitted COVID-19 cases for the first time since early February. Three of 16 new local cases reported in China for Sept. 21 were in Harbin, the provincial capital of Heilongjiang, the National Health Commission (NHC) […]

September 22, 2021 (Reuters) – Britain’s Johanna Konta has pulled out of upcoming WTA events in Chicago and Indian Wells because of the groin injury that also forced her to skip the U.S. Open, British media reported. Konta withdrew from Wimbledon in June, a day before the Grand Slam got underway, when a member of […]

Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced today that it has raised a massive $700 million in a Series E round that more than doubles the company’s valuation to $8.7 billion. This news is notable for a few reasons. For one, it’s a staggering sum for any […]

ZestMoney, a Bangalore-based buy now, pay later platform, said on Wednesday it has raised $50 million in a new financing round from Australia’s Zip as the Indian firm looks to cash in on a trend that is showing wider traction in several global markets. The eight-year-old Australian firm, which has a presence in 12 markets […]

September 22, 2021 (Reuters) – Denver Broncos linebacker Bradley Chubb will have arthroscopic surgery on his left ankle on Wednesday to remove a bone spur he has been managing for the past three weeks, the National Football League (NFL) team said. Chubb, who missed his team’s Week 1 clash with New York Giants, left their […]

September 22, 2021 By David Randall NEW YORK (Reuters) – Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows. BlackRock added 31.3 million notes of Evergrande’s debt between January and August 2021, pushing its stake in […]

September 22, 2021 By Marcelo Teixeira NEW YORK (Reuters) – Farmer David Armstrong recently finished planting what is likely the most challenging crop his family has ever cultivated since his ancestors started farming in 1865 – 20,000 coffee trees. Except Armstrong is not in the tropics of Central America – he is in Ventura, California, […]

September 22, 2021 By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected to clear the way on Wednesday for reductions to its monthly asset purchases later this year and show in updated projections whether higher-than-expected inflation or a resurgent coronavirus pandemic is weighing more on the economic outlook. Fed policymakers, who are wrapping […]

September 22, 2021 By Cassandra Garrison MEXICO CITY (Reuters) – Mexican used-car platform Kavak said it has more than doubled its valuation to $8.7 billion based on its latest funding round, making it the second-most valuable startup in Latin America as it eyes further expansion beyond its home market. Kavak’s chief executive, Carlos Garcia, told […]

September 22, 2021 By Nick Carey MUNICH (Reuters) – Battery power may be the frontrunner to become the car technology of the future, but don’t rule out the underdog hydrogen. That’s the view of some major automakers, including BMW and Audi, which are developing hydrogen fuel-cell passenger vehicle prototypes alongside their fleets of battery cars […]

September 22, 2021 ZURICH (Reuters) – Barry Callebaut has made two changes to its executive committee, appointing Masha Vis-Mertens as its new Chief Human Resources Officer and Massimo Selmo as Chief Procurement Officer. Both changes will be effective from October 1, 2021, the Swiss chocolate maker said on Wednesday. (Reporting by John Revill; Editing by […]

September 22, 2021 By Koustav Samanta and Sonali Paul SINGAPORE (Reuters) -Oil prices climbed more than 1% on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. U.S. West Texas Intermediate (WTI) crude futures rose […]

September 22, 2021 By Richard Cowan and Susan Cornwell WASHINGTON (Reuters) – Democrats in the House of Representatives passed a bill on Tuesday to fund the U.S. government through Dec. 3 and suspend the nation’s borrowing limit until the end of 2022, sending it to the Senate where Republicans have vowed to block it. The […]

September 22, 2021 SYDNEY/MELBOURNE (Reuters) -A magnitude 6.0 earthquake struck near Melbourne on Wednesday, Geoscience Australia said, one of the country’s biggest quakes on record, causing damage to buildings in the country’s second largest city and sending tremors throughout neighbouring states. The quake’s epicentre was near the rural town of Mansfield in the state of […]

September 22, 2021 MANILA (Reuters) – The Philippines’ lower house of Congress has approved a bill imposing taxes on tech giants like Facebook, Alphabet’s Google and Youtube, and Netflix. Voting 167-6-1, lawmakers late on Tuesday approved on third and final reading a bill imposing a 12% value-added tax (VAT) on digital transactions in the Philippines. […]

September 22, 2021 (Reuters) – SoftBank Group’s Vision Fund had invested in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Financial Times. Mnuchin’s Liberty Strategic Capital, which was launched earlier this year, recently raised funds from sovereign wealth funds in the Middle East including Saudi Arabia’s Public […]

September 22, 2021 By Byron Kaye SYDNEY (Reuters) – Facebook Inc has told Australian publishers it has stopped negotiating licencing deals, an email to the industry seen by Reuters showed, a move which came just six months after the passing of a law designed to make tech giants pay for news content. While Facebook has […]

September 22, 2021 By Colin Packham CANBERRA (Reuters) – An Australian-EU trade deal would be mutually beneficial and allow EU members a greater presence in the Indo-Pacific, said Australia’s trade minister, as Canberra tries to repair ties with Paris after the scrapping of a $40 billion submarine deal. Australia last week cancelled a deal with […]

September 22, 2021 SHANGHAI (Reuters) -China Evergrande Group’s main unit said on Wednesday that it would make a bond interest payment on Sept. 23 after private negotiations with bondholders, as global investors worry over a possible default by China’s No. 2 property developer. In a Shenzhen exchange filing, Hengda Real Estate Group Co Ltd said […]

Evermos’ founding team (l to r): Arip Tirta, Ghufron Mustaqim, Iqbal Muslimin and Ilham Taufiq Evermos is an Indonesian social commerce startup with two goals: to let people earn extra income by opening online stores without spending capital and to help small brands grow into household names. The company, which focuses on halal products and […]