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September 21, 2021 By Florence Tan SINGAPORE (Reuters) – A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. “Going forward we will be touching by 2050 somewhere very close to 90% of electrification,” Mukesh Sahdev, […]

September 21, 2021 A look at the day ahead from Julien Ponthus This week was supposed to be all about the so-called ‘dot plot’ and what kind of rate-rise projections U.S. Federal Reserve policymakers might make. Came Monday morning though, default worries surrounding Chinese property firm Evergrande triggered a selling storm the likes of which […]

September 21, 2021 PARIS (Reuters) – French artificial heartmaker Carmat announced on Tuesday that it had carried out the first implant of its Aeson artificial heart in a woman. The company said the procedure had been performed at the UofL Health – Jewish Hospital by University of Louisville physicians in the United States. “This third […]

September 21, 2021 AMSTERDAM (Reuters) -Universal Music Group’s shares surged at the start of trading on Tuesday, as owner Vivendi spun off the record label in the biggest European listing of the year. The spin off hands 60% of Universal shares to Vivendi shareholders, while U.S. hedge fund billionaire William Ackman and China’s Tencent due […]

September 21, 2021 By Dhara Ranasinghe LONDON (Reuters) -Soaring gas prices that threaten to push up winter fuel bills, hurt consumption and exacerbate a near-term spike in inflation are another blow to a world economy just getting back on its feet after the coronavirus shock. The gas market chaos, which has driven prices 280% higher […]

September 21, 2021 By Farah Master HONG KONG (Reuters) – Senior Macau casino and junket executives met with authorities in the world’s biggest gambling hub on Monday seeking details on proposed regulatory changes but received little in the way of clarity. The 70-minute meeting, shown online, highlighted the uncertainty hanging over the industry since the […]

September 21, 2021 By Victoria Waldersee BERLIN (Reuters) – German activists have filed a lawsuit against automakers BMW and Daimler for refusing to tighten carbon emissions goals, the first time German citizens have sued private companies for exacerbating climate change. The lawsuit from the heads of Deutsche Umwelthilfe (DUH), a non-governmental organisation (NGO), is similar […]

September 21, 2021 LONDON (Reuters) – Planemaker Boeing said that European low-cost carriers would help drive demand for new aircraft in the region over the next 20 years, as airlines replace their ageing fleets with more fuel-efficient jets. Boeing said on Tuesday that it expects airlines in Europe to order 7,100 new single-aisle planes, usually […]

September 21, 2021 Salvador Perez set a major league record for homers in a season by a primary catcher as the visiting Kansas City Royals cruised over the Cleveland Indians 7-2 on Monday in the first game of a doubleheader. Perez’s towering, two-run blast in the fifth inning was his 46th homer of the season, […]

September 21, 2021 By Dhara Ranasinghe and Sujata Rao LONDON (Reuters) -And so it begins: Taxes in the world’s wealthiest countries are rising. Inevitable perhaps given the unprecedented COVID-era debt surge and, according to some investors, even a good thing if it helps close the wealth gaps the pandemic has exacerbated. Tax rises grabbed headlines […]

September 21, 2021 ZURICH (Reuters) – Novartis has bought gene therapy specialist Arctos Medical to boost its efforts finding treatments for patients with severe vision loss, the Swiss company said on Tuesday. The acquisition, for an undisclosed amount, underscores Novartis’ commitment to using optogenetics-based therapies to restore vision to patients with advanced blindness, it said. […]

September 21, 2021 LONDON (Reuters) -British Prime Minister Boris Johnson discussed the issue of taxation when he met Amazon’s founder Jeff Bezos in New York, Downing Street said. “The prime minister raised the issue of taxation, and hoped progress could be [made] in implementing the G7 agreement on tax,” a Downing Street spokesperson said in […]

September 21, 2021 (Reuters) – Swiss great Roger Federer said he has faced no setbacks and is recovering well after his latest knee operation. Federer, who pulled out of the U.S. Open, said in August he would be sidelined for many months https://ift.tt/2Z7wwbG because he needed more knee surgery in order to resume playing. The […]

September 21, 2021 By Lawrence White LONDON (Reuters) – JPMorgan is challenging British rivals on their home turf with the launch on Tuesday of its long-awaited digital retail bank, Chase, as part of what the U.S. lender hopes will be a global expansion. The launch marks the first foray into retail banking outside North America […]

September 21, 2021 BERLIN (Reuters) – The heads of a German environmental NGO have sued automakers BMW and Daimler for refusing to tighten their carbon emissions targets and give up fossil fuel-emitting cars by 2030, Handelsblatt newspaper reported on Tuesday. The NGO, Deutsche Umwelthilfe, confirmed to Reuters that the lawsuits had been filed on Monday […]

September 21, 2021 By Trevor Hunnicutt and Elizabeth Piper NEW YORK/LONDON (Reuters) – British prime minister Boris Johnson once worried that his friendliness with Donald Trump would leave him out in the cold when Democrat Joe Biden took over the White House. Instead, he can expect a warm welcome in Washington on Tuesday, as the […]

September 21, 2021 OTTAWA (Reuters) – Erin O’Toole, the leader of Canada’s main opposition Conservative Party, conceded defeat on Tuesday after failing to block Prime Minister Justin Trudeau’s Liberals from securing a third term. Speaking to supporters in his home electoral district outside Toronto, O’Toole said he had called Trudeau to congratulate him. TV networks […]

September 21, 2021 MANILA (Reuters) – The Philippines is backing a new defence partnership between the United States, Britain and Australia, hoping it can maintain the balance of power in the Indo-Pacific region, a view that contrasts sharply with some of its neighbours. Known as AUKUS, the alliance will see Australia get technology to deploy […]

September 21, 2021 LAHORE, Pakistan (Reuters) – Pakistan have been let down by the “Western bloc” and the back-to-back pullouts by New Zealand and England could have a “domino effect” for cricket in the South Asian country, Pakistan Cricket Board (PCB) chairman Ramiz Raja said. England on Monday cancelled their men’s and women’s teams tour […]

September 21, 2021 By Tetsushi Kajimoto TOKYO (Reuters) – Japan may need more time to meet its budget target of achieving a primary balance surplus by fiscal 2025, Finance Minister Taro Aso said on Tuesday, while stopping short of abandoning the elusive target. Some contenders in the ruling Liberal Democratic Party’s (LDP) leadership race have […]