News

September 6, 2021 LONDON (Reuters) – Standard Chartered has agreed a joint venture deal to launch a digital-only bank in Singapore with the country’s National Trades Union Congress (NTUC). A Standard Chartered vehicle will take a 60% stake in the venture, worth 144 million Singapore dollars ($107.28 million), with the NTUC’s enterprise arm taking the […]

September 6, 2021 By Tim Kelly TOKYO (Reuters) – Britain showed off its HMS Queen Elizabeth aircraft carrier to Japan’s defence chief on Monday at a naval base near Tokyo, marking the start of a permanent military presence in a region trying to come to grips with China’s growing power. Japan’s defence minister, Nobuo Kishi, […]

September 6, 2021 By Neil Jerome Morales MANILA (Reuters) – Philippine Airlines will return 22 aircraft, mostly Airbus and Boeing jets, to lessors as it pursues a financial restructuring programme to survive after the pandemic has decimated global travel, executives said on Monday. Philippine Airlines last week filed for Chapter 11 bankruptcy https://ift.tt/2VhOXca in the […]

September 6, 2021 (Reuters) – The battle for Morrisons, Britain’s fourth-largest supermarket group, is the most high-profile looming takeover in the country amid a raft of bids and counter bids, reflecting private equity’s appetite for UK Plc. Here is a timeline of events so far: June 19 Morrisons rejects proposed 5.52 billion pound ($7.64 billion)cash […]

September 6, 2021 BEIJING (Reuters) – China’s Vice Premier Liu He said on Monday policies supporting the private sector would not change, state media reported, amid growing concern a crackdown on a wide range of industries was hurting businesses. Liu said “guidelines and policies for supporting the private economy have not changed…and will not change […]

September 6, 2021 By Swathi Nair and Mumal Rathore BENGALURU (Reuters) – The Bank of Canada is still on course to raise interest rates to 0.50% towards the end of next year, according to economists polled by Reuters, despite a surprise contraction in economic growth last quarter. Respondents surveyed Aug. 30-Sept. 3 were almost evenly […]

September 6, 2021 (Reuters) – The city of Taylor, Texas – one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant – plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant. Taylor is competing with Austin, Texas to land […]

September 6, 2021 By Hanna Rantala VENICE (Reuters) – Hollywood star Kate Hudson and South Korean actress Jeon Jong-seo play two outsiders on a collision course with their surroundings in Ana Lily Amirpour’s Venice Film Festival competition entry “Mona Lisa and the Blood Moon”. The fantasy adventure opens with Jeon’s mysterious Mona Lisa using supernatural […]

September 6, 2021 (Reuters) – Golfer Rory McIlroy has backed Naomi Osaka’s decision to take a break from tennis following the Japanese world number three’s elimination from the U.S. Open last week, saying that it was important that athletes did not let results define them. A tearful Osaka told reporters that she would be taking […]

September 6, 2021 MUNICH (Reuters) – BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon. “I expect that the general tightness of the supply chains will continue in the next 6 to 12 months,” he […]

September 6, 2021 BERLIN (Reuters) – Germany condemned the decision of a Belarusian court to sentence protest leader Maria Kolesnikova to 11 years in prison, saying it showed how rule of law in the country was bent in the service of Alexander Lukashenko’s government. German foreign ministry spokesperson Andrea Sasse said Kolesnikova and her fellow […]

September 6, 2021 MADRID (Reuters) – Improving economic conditions should allow Spain to approve a long-awaited minimum wage hike in September, the economy minister said on Monday, bringing an end to months of back and forth between unions and businesses. The “limited” increase would come into force as early as October, Economy Minister Nadia Calvino […]

September 6, 2021 By Dhara Ranasinghe and Saikat Chatterjee LONDON – European Central Bank officials are back from their summer break and with the hawks pushing for a slowdown in bond buying, Thursday’s meeting could prove a key market event. Chief economist Philip Lane believes it’s too early for the ECB to lay out plans […]

September 6, 2021 By Nick Carey MUNICH (Reuters) – Great Wall Motor will launch an electric compact car and a plug-in hybrid SUV in Europe in 2022, it said on Monday, joining a growing number of Chinese carmakers trying their luck on the continent with low or zero-emission vehicles. The company said at the IAA […]

September 6, 2021 MAIDUGURI, Nigeria (Reuters) – Mobile telephone networks were shut down in the northwestern Nigerian state of Zamfara, residents said on Monday, amid reports that authorities had ordered a blackout while they tackled armed gangs of kidnappers terrorising the area. Two residents of Zamfara, reached by phone after they travelled to neighbouring Sokoto […]

September 6, 2021 By Saliou Samb CONAKRY (Reuters) – Uneasy calm returned to the streets of Guinea’s capital Conakry on Monday, as its citizens awaited the announcement of a new government after the apparent overthrow of President Alpha Conde by an elite army unit which drew global condemnation. The special forces summoned Conde’s ministers and […]

September 6, 2021 KYIV (Reuters) – Maria Kolesnikova, one of the leaders of mass street protests against Belarusian President Alexander Lukashenko last year, was sentenced to 11 years in prison on Monday, the state-run Belta news agency and the Belarusian opposition reported. Kolesnikova, 39, was detained after ripping up her passport to prevent Belarusian security […]

September 6, 2021 By Yew Lun Tian BEIJING (Reuters) – Germany’s ambassador to China Jan Hecker died suddenly, less than two weeks after taking up his post, the European nation’s foreign office said on Monday. Hecker, 54, a foreign policy adviser to Chancellor Angela Merkel, had presented his credentials at China’s foreign ministry on Aug. […]

September 6, 2021 BERLIN (Reuters) – The Taliban would welcome German investment in Afghanistan and help in areas including humanitarian aid, health care, education and infrastructure, the group’s spokesman told Bild newspaper. The Taliban took power in Afghanistan last month as foreign forces pulled out after a 20-year mission, and the country is facing an […]

September 6, 2021 By Ezgi Erkoyun and Daren Butler ISTANBUL (Reuters) – Turkey expects inflation to fall to 16.2% by the end of the year and hit 9.8% by the end of 2022, according to government forecasts published late on Sunday that analysts said were optimistic and showed its emphasis on economic growth over battling […]