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June 12, 2021

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Reuters, New York Times win Pulitzers for coverage of racial injustice, COVID-19

Reuters
Reuters and the Minneapolis Star Tribune each won a Pulitzer Prize on Friday for journalism about racial inequities in U.S. policing, while the New York Times and the Atlantic were honored for chronicling the COVID-19 pandemic, the two topics that dominated last year’s headlines. The Star Tribune won the 2021......

SoftBank’s PayPay surges ahead in Japan’s digital payments race

Reuters
For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash – until sales staff from payments app PayPay swept through the low-lying district, persuading the store to give their product a try. With customers clamouring to use the service and nearby stores signing up, PayPay’s......

China, U.S. commerce chiefs to cooperate on handling differences, Beijing says

Reuters
Top U.S. and Chinese commerce officials spoke by telephone and agreed to promote healthy trade and cooperate over differences, China’s commmerce ministry said on Thursday, the latest high-level exchange as the countries spar over disagreements. Both sides recognise the importance of business exchanges and will keep lines of communication open,......

Thomson Reuters shareholder support for human rights review rises

Reuters
The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. REUTERS/Andrew Kelly A shareholder proposal for Thomson Reuters Corp (TRI.TO) to review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at......

Marqeta prices IPO above range, valuing startup at $15 bln

Reuters
U.S. payments startup Marqeta (MQ.O), which counts the likes of Uberand hedge fund Coatue among existing backers, on Tuesday priced its initial public offering (IPO) well above the target range to raise $1.2 billion, the company said in a statement. Marqeta sold 45.45 million shares at $27 per share. It......

Google to test changes to ad practices over coming months

Reuters
The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo Google said on Monday it will test changes to its widely-used online advertising services over the coming months following the French antitrust decision. The......

U.S. House Democrats propose $547 billion surface transport plan

Reuters
House Transportation and Infrastructure Committee Chair Peter DeFazio (D-OR), speaks during a news conference on infrastructure with House Speaker Nancy Pelosi (D-CA) on Capitol Hill in Washington, U.S., May 12, 2021. REUTERS/Evelyn Hockstein A group of key U.S. House Democrats introduced legislation on Friday to authorize $547 billion in additional......

Egypt sends building equipment to begin Gaza reconstruction

Reuters
Egypt has sent a convoy of engineers and building equipment to Gaza to begin reconstruction in the Palestinian enclave after the recent Israeli-Palestinian conflict, Egyptian state television reported on Friday. Dozens of bulldozers, cranes and trucks flying Egyptian flags lined up along the border to begin crossing into the Gaza......

Banks bulk up in Hong Kong as China business overshadows politics

Reuters
A Star Ferry boat crosses Victoria Harbour in front of a skyline of buildings in Hong Kong, China June 29, 2020. REUTERS/Tyrone Siu Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a sign the city’s unique position as a......

Russia’s Sakhalin Energy shuts biggest production platform for maintenance

Reuters
Russian liquefied natural gas producer (LNG) Sakhalin Energy said on Tuesday it would halt the Piltun-Astokhskaya-B (PA-B) offshore oil and gas production platform for planned annual maintenance for a month. The PA-B platform is the first this year to shut for planned maintenance among the production assets of LNG plant......

French judges to start Carlos Ghosn questioning in Beirut

Reuters
Carlos Ghosn, the former Nissan and Renault chief executive, looks on during a news conference at the Holy Spirit University of Kaslik, in Jounieh, Lebanon September 29, 2020. REUTERS/Mohamed Azakir French investigating judges were due to start questioning fugitive former car executive Carlos Ghosn in Beirut on Monday, his lawyers......

India’s Paytm targets $3 billion IPO – Bloomberg News

Reuters
Indian fintech start-up Paytm is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering (IPO) late this year, Bloomberg News reported on Thursday, citing a person familiar with the matter. The company, formally called One97 Communications Ltd, plans to list in India around November and......

Summer boom beckons for German economy after winter COVID blues

Reuters
German business morale brightened to hit a two-year high in May as COVID-19 curbs were eased and infections fell, heralding a swift summer recovery after the economy shrank more than expected in the first quarter. With many firms reporting a build-up of supply bottlenecks, Tuesday’s Ifo business climate index readout......

COVID-19 to speed up consolidation of aircraft leasing industry -SMBC

Reuters
Airplanes sit on the tarmac at the site of French aircraft storage and recycling company Tarmac Aerosave in Tarbes following the coronavirus disease (COVID-19) outbreak in France, June 19, 2020. Picture taken June 19, 2020. REUTERS/Stephane Mahe Consolidation of the aircraft leasing industry, which controls over 40% of the global......

Congo’s Goma hit by tremors after volcanic eruption, scores missing

Reuters
Repeated tremors shook the Congolese city of Goma on Monday, unnerving families still reeling from a volcano eruption at the weekend that destroyed nearby villages, displaced thousands and killed at least 32 people. Mount Nyiragongo, one of the world’s most active and dangerous volcanoes, erupted on Saturday evening, sending a......

Veteran stock picker to join ‘Son-chan’ on SoftBank board

Reuters
SoftBank Corp. placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Exchange in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato The nomination of Koei Tecmo (3635.T) chair Keiko Erikawa to SoftBank Group’s (9984.T) board adds a veteran games industry executive known for her stock-picking......

LSE, Reuters in talks following dispute over news website paywall

Reuters
London Stock Exchange Group Plc (LSEG.L) said on Thursday it was in talks with Thomson Reuters Corp (TRI.TO) over their agreement to distribute news content, following a dispute over whether Reuters News could put up a paywall on its website. Reuters News, a unit of Thomson Reuters, recently announced plans......

U.S. waives sanctions on Nord Stream 2 company and CEO

Reuters
A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal Hanschke/File Photo The Biden administration waived sanctions on the company behind Russia’s Nord Stream 2 gas pipeline to Germany and its chief executive, according to a State Department......

Senegal architects ditch concrete for earth in revival of old techniques

Reuters
Construction is booming in Dakar, where unfinished apartment blocks tower over most streets, their exposed concrete bricks a dull uniform grey. In one site, however, a building stands out – the bricks the workers are laying are made of raw, red earth. Concrete is inexpensive and used with abandon in......

Suse IPO expected to price IPO towards lower end of range – bookrunner

Reuters
Enterprise software company SUSE is guiding investors to expect its Frankfurt initial public offering to price at 30 euros ($36.49) a share, towards the lower end of its 29 to 34 euros per share marketing range, a bookrunner on the deal said. SUSE, whose open-source software helps run applications on......

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