News

September 22, 2021 BRASILIA (Reuters) – Brazil’s central bank on Wednesday raised interest rates by 100 basis points and flagged a third straight hike of that size in October as it battles surging inflation with the world’s most aggressive monetary tightening. The bank’s rate-setting committee, known as Copom, decided unanimously to raise its benchmark rate […]

September 22, 2021 By David Milliken LONDON (Reuters) – Britain’s central bank looks set to keep interest rates steady later on Thursday as it approaches the end-point of its 895 billion pound ($1.22 trillion) asset purchase programme and casts a wary eye over surging inflation pressures. Investors will be keen to see if more Monetary […]

September 22, 2021 By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) -The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a document seen by Reuters, a move triggered by a broad decline in gasoline demand during the coronavirus pandemic. If adopted, the proposal would […]

September 22, 2021 (Reuters) – Intel Corp Chief Executive Pat Gelsinger on Thursday plans to attend a virtual White House meeting on the global chip shortage, a person familiar with the matter told Reuters. Commerce Secretary Gina M. Raimondo set the meeting earlier this month to discuss the impact the Delta variant has had on […]

September 22, 2021 By David Shepardson WASHINGTON (Reuters) – Tesla Inc is pressing President Joe Biden’s administration and a U.S. appeals court to move quickly to hike civil penalties for automakers failing to meet fuel economy requirements. Electric vehicle maker Tesla sells credits to other automakers to help them meet government vehicle emissions requirements, and […]

September 22, 2021 By Sohini Podder, Echo Wang and Krystal Hu (Reuters) -Toast Inc fetched a valuation of nearly $33 billion in its New York Stock Exchange debut on Wednesday, as shares of the restaurant software provider jumped 63%, underscoring a deep investor appetite for fast-growing software firms. The stock opened at $65.26, compared with […]

September 22, 2021 By Chibuike Oguh NEW YORK (Reuters) – Carlyle Group Inc Chief Executive Kewsong Lee said on Wednesday that the U.S. private equity firm will remain a long-term investor in China despite “bumps” that have unnerved some investors. Beijing authorities have rolled out restrictions in the last few weeks on companies, including those […]

September 22, 2021 WASHINGTON (Reuters) – The U.S. Senate on Wednesday confirmed Lily Batchelder to serve as assistant secretary for tax policy at the Treasury Department, where she will play a big role in implementing tax changes sought by President Joe Biden and congressional Democrats. Batchelder won confirmation in a 64-34 vote, with 15 Republicans […]

September 22, 2021 MOSCOW (Reuters) -The top U.S. military officers from United States and Russia held six hours of talks in Helsinki on Wednesday, in the first face-to-face meeting between them since 2019 as both nations adjust to the U.S. pullout and Taliban takeover in Afghanistan. General Mark Milley, chairman of the Joint Chiefs of […]

Synergy Research released some seemingly paradoxical numbers from the European cloud market this week. The good news was that the firm found for the period beginning in 2017 through the second quarter of this year, the market grew fourfold, to €7.3 billion ($8.8 billion USD), while European cloud vendor revenue doubled. The bad news? Those […]

September 22, 2021 TOULOUSE, France (Reuters) -Airbus said on Wednesday it would research an “extra performance wing” capable of changing shape during flight in an effort to secure greater efficiencies and reduce emissions. Chief Technical Officer Sabine Klauke said the planemaker would build a flying demonstrator to test elements including “gust sensors,” with conclusions expected […]

September 22, 2021 By Leah Douglas (Reuters) – The National Farmers Union, the nation’s second-largest farm group, said on Wednesday it is launching a campaign to expose the negative effects of consolidation in the agriculture industry on family farms and rural towns. The campaign, which it said will include a public relations blitz and lobbying, […]

September 22, 2021 (Reuters) – Apple Inc will pay one-time bonuses of as much as $1,000 to store employees next month, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company will give out $1,000 to retail staff hired before Mar. 31, while those who joined later will get $500, the report […]

September 22, 2021 By Suleiman Al-Khalidi AMMAN (Reuters) – Syria is facing a new surge in COVID-19 infections in both government-held areas and territory outside state control that could overwhelm the war-ravaged country’s fragile health system, aid workers, officials and medical sources said on Wednesday. Government health authorities said the number of cases reported in […]

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for September 22, 2021. Disrupt Day Two is racing along as I write to you, which means I am missing some Battlefield presentations. But good news […]

September 22, 2021 By David Morgan WASHINGTON (Reuters) – In a high-stakes standoff over the U.S. debt ceiling, congressional Republicans believe they see a chance to scale back President Joe Biden’s sweeping domestic agenda while boosting their odds of retaking Congress in 2022. The Republican gambit passed an initial political test on Tuesday, when the […]

September 22, 2021 By Richard Cowan and Susan Cornwell WASHINGTON (Reuters) – The U.S. Senate aims to vote next week on raising Washington’s borrowing authority and keeping the government funded, the chamber’s No. 2 Democrat said on Wednesday, as a House Democrat warned that Republican opposition could lead to a historic default on the nation’s […]

September 22, 2021 By Daina Beth Solomon CIUDAD ACUNA, Mexico (Reuters) -Amid deteriorating conditions in migrant camps on both sides of the U.S.-Mexico border, U.S. authorities on Wednesday tried to deal with thousands of the mostly Haitian migrants that have gathered, releasing some in south Texas while deporting others on flights. Wade McMullen, an attorney […]

September 22, 2021 MEXICO CITY (Reuters) – People-smuggling crimes in Mexico this year have more than tripled since 2020, the government said on Wednesday, as the country battles to cope with a sharp increase in illegal immigration at the U.S. border. Between January and August, Mexico registered 1,232 people-smuggling crimes, a jump of nearly 228% […]

September 22, 2021 By Mica Rosenberg and Kristina Cooke NEW YORK (Reuters) – Confused and tired-looking toddlers clung to their parents at Port-au-Prince airport in Haiti on Tuesday, among the 360 family members rapidly expelled from the U.S. over the past three days. These scenes came after U.S. border agents on horseback on Sunday used […]