News

September 17, 2021 SYDNEY (Reuters) – Qantas Airways Ltd said on Friday it was considering new ways to structure pay to ensure it could retain key executives as it enters the third financial year affected by the pandemic-driven slowdown in travel. Qantas Chairman Richard Goyder said executives had faced a high workload with no annual […]

September 17, 2021 BENGALURU (Reuters) – Biocon Biologics, a unit of drugmaker Biocon Ltd, said late on Thursday it would offer a stake of about 15% to Serum Institute Life Sciences for access to 100 million doses of vaccines annually for 15 years, including COVID-19 shots. The deal with the unit of Serum Institute of […]

September 17, 2021 By Liz Lee KUALA LUMPUR (Reuters) – Malaysia’s AirAsia X Bhd (AAX) has made “substantial progress” in its months-long talks with creditors as it aims to convene meetings with them to vote on a restructuring scheme by the end of October, its chief executive said. CEO Benyamin Ismail told Reuters in a […]

September 17, 2021 By Jamie Freed (Reuters) – Regulators in Asian hubs like Singapore and Hong Kong have threatened to retaliate against European Union plans to force airlines to start using take-off and landing slots frozen during the coronavirus pandemic, a move that could oblige Europe’s carriers to fly empty seats for thousands of miles […]

September 17, 2021 By Clare Jim and Farah Master HONG KONG (Reuters) – As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city’s powerful property tycoons: pour resources and influence into backing Beijing’s interests, and help solve a potentially destabilising housing shortage. Chinese officials delivered the message […]

September 17, 2021 By Tom Allard and Wayan Sukarda JAKARTA/DENPASAR (Reuters) – Ni Kadek Suriani was looking forward to starting her second year of junior high school last year, before the coronavirus pandemic hit. Then her parents lost their jobs and she was forced to help scratch a living on Indonesia’s holiday island of Bali. […]

September 17, 2021 SEOUL (Reuters) – More than 60 cryptocurrency exchanges in South Korea must notify customers of a partial or full suspension of trading by Friday midnight, a week before a new regulation comes into effect. To continue operating, exchanges must register with the Financial Intelligence Unit by Sept. 24, providing a security certificate […]

September 17, 2021 TAIPEI (Reuters) – Taiwan’s government called on the European Union to quickly begin trade talks after the bloc pledged to seek a trade deal with the tech-heavyweight island, something Taipei has long angled for. The EU included Taiwan on its list of trade partners for a potential bilateral investment agreement in 2015, […]

September 17, 2021 HONG KONG (Reuters) – Chinese state-media Global Times’ editor in chief said struggling Evergrande Group should use market means to save itself and should not bet on a government bailout as it deems itself “too big to fail”. Hu Xijin said on his WeChat social media account on Thursday he did not […]

September 17, 2021 SAN SALVADOR (Reuters) – El Salvador’s Court of Accounts, which oversees its public resources, will investigate a complaint about the government’s bitcoin purchases and the construction of kiosks for cryptocurrency ATMs, according to a document seen by Reuters. El Salvador this month became the first country in the world to adopt bitcoin […]

September 17, 2021 SAN SALVADOR (Reuters) – El Salvador’s Court of Accounts, which oversees its public resources, will investigate a complaint about the government’s bitcoin purchases and the construction of kiosks for cryptocurrency ATMs, according to a document seen by Reuters. El Salvador this month became the first country in the world to adopt bitcoin […]

September 17, 2021 BEIJING (Reuters) -China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the commerce ministry said, as the world’s second-biggest economy looks to bolster its clout in trade. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in a letter to New […]

September 17, 2021 SHANGHAI (Reuters) – Electric vehicle maker Tesla Inc will work with global regulators to ensure data security, Chief Executive Elon Musk told the World New Energy Vehicle Congress in China on Friday. “With the rapid growth of autonomous driving technologies, data security of vehicles is drawing more public concerns than ever before,” […]

September 17, 2021 By Alun John HONG KONG (Reuters) – Asian shares steadied in early trading on Friday after losses earlier in the week, but China jitters and global growth concerns weighed on investors’ minds, while the dollar sat near a three-week high. MSCI’s broadest index of Asia-Pacific shares outside Japan recovered from early losses […]

September 17, 2021 WASHINGTON (Reuters) – U.S. Republican Representative Anthony Gonzalez, who voted to impeach former President Donald Trump, said on Thursday he will not seek re-election next year. A two-term lawmaker from Ohio and former professional football player, Gonzalez would have faced a primary challenger backed by Trump had he decided to run. Gonzalez […]

September 17, 2021 By Elizabeth Culliford and Fanny Potkin (Reuters) -Facebook is taking a more aggressive approach to shut down coordinated groups of real-user accounts engaging in certain harmful activities on its platform, using the same strategy its security teams take against campaigns using fake accounts, the company told Reuters. The new approach, reported here […]

September 17, 2021 By Sonali Paul MELBOURNE (Reuters) – Oil prices barely moved on Friday even as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, with benchmark contracts on track to post weekly gains of around 4% as the output recovery is seen lagging demand. U.S. West Texas Intermediate […]

September 17, 2021 (Reuters) -AMC Entertainment Holdings Inc boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by […]

September 17, 2021 By Crispian Balmer and Giuseppe Fonte ROME (Reuters) -The Italian government approved on Thursday some of the strictest anti-COVID measures in the world, making it obligatory for all workers either to show proof of vaccination, a negative test or recent recovery from infection. The new rules will come into force on Oct. […]

Supply chain and fleet management solutions company Ryder is partnering with yet another autonomous trucking company. On Thursday, Ryder announced its plans to help Embark launch a nationwide network of up to 100 transfer points that will be owned and operated by the autonomous trucking developer.  This is Ryder’s third public partnership with autonomous trucking […]