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May 10, 2021

Reuters Summits

Startup fund Y Combinator increases global reach, diversity of entrepreneurs

Reuters
(Reuters) – Y Combinator, Silicon Valley’s prominent incubator and startup fund, has half of its latest class of entrepreneurs from outside of the United States, more than ever before, as the pandemic has pushed all of its work online, Managing Director Michael Seibel said Thursday at the Reuters Next conference.......

Chipotle, Just Eat Takeaway CEOs bullish on return to normal

Reuters
By Hilary Russ, Nivedita Balu (Reuters) – Fast-casual U.S. chain Chipotle Mexican Grill Inc and Dutch delivery company Just Eat Takeaway.com predicted a return to more normal levels of dining out by spring or summer of 2021, they said on Thursday. The two companies, which have both prospered during the......

Canada, allies expect Biden to re-engage U.S. on world stage – Trudeau

Reuters
By Amran Abocar, Steve Scherer OTTAWA (Reuters) – Canada and other U.S. allies are looking to President-elect Joe Biden to re-engage with the world on such issues as climate change and free trade, Canadian Prime Minister Justin Trudeau said in a Reuters Next interview aired on Thursday. FILE PHOTO: Canada’s......

Tata puts post-pandemic bet on digital, electronics and health

Reuters
(Reuters) – Tata Group plans to invest in digital, high-end electronics and healthcare in a post-pandemic world, the $100 billion conglomerate’s chairman said on Thursday. FILE PHOTO: N Chandrasekaran, Chairman of Tata Sons, speaks at the unveiling of Tata Motors HBX compact SUV at the India Auto Expo 2020 in......

ASML CEO sees U.S.-China trade antagonism outlasting Trump

Reuters
AMSTERDAM (Reuters) – ASML CEO Peter Wennink expects further antagonism between the United States and China over semiconductor technology, even as a new administration is set to take over in Washington, he told the Reuters Next conference on Thursday. FILE PHOTO: ASML CEO Peter Wennink attends a news conference after......

U.S. turmoil an ‘alarm’ for Western democracies, says France’s Le Maire

Reuters
PARIS (Reuters) – The political turmoil in the United States, where Donald Trump on Wednesday became the first president in U.S. history to be impeached twice, has served as an alarm to Western democracies, France’s finance minister said on Thursday. FILE PHOTO: French Economy and Finance Minister Bruno Le Maire,......

Foreign takeover of Carrefour a ‘major difficulty’ for govt, says Le Maire

Reuters
FILE PHOTO: Bruno Le Maire, French Minister of the Economy, Finance, and Recovery, wearing a protective face mask, leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, October 21, 2020. REUTERS/Gonzalo Fuentes PARIS (Reuters) – French Finance Minister Bruno Le Maire said a foreign company purchasing......

France’s Le Maire says 6% growth target for 2021 not out reach

Reuters
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a news conference on the country’s COVID-19 situation at the French Health Ministry in Paris, France November 12, 2020. Ludovic Marin/Pool via REUTERS PARIS (Reuters) – Finance Minister Bruno Le Maire on Thursday said a growth forecast of......

Biden likely to improve ties with Asia, end ‘silly trade war’: Mahathir

Reuters
KUALA LUMPUR (Reuters) – After four years of dealing with U.S. President Donald Trump, Asia can expect President-elect Joe Biden to improve ties with traditionally supportive nations and end a “silly trade war” with China, Malaysia’s former premier Mahathir Mohamad said. FILE PHOTO: Malaysia’s former Prime Minister Mahathir Mohamad reacts......

Fed policymakers push back on QE taper talk

Reuters
By Ann Saphir, Howard Schneider (Reuters) – Despite optimism over vaccines and the likelihood of more fiscal stimulus under the incoming Biden administration, the Federal Reserve is sticking with its super-easy monetary policy, policymakers made clear on Wednesday. FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John......

Unilever ‘strongly encourages’ workers to get COVID vaccine

Reuters
LONDON (Reuters) – Unilever is strongly encouraging its employees to get vaccinated against the coronavirus as soon as possible, its chief executive officer told Reuters on Wednesday. FILE PHOTO: A woman stands behind a machine that is part of a toothpaste manufacturing line at the Unilever factory in Lagos, Nigeria......

Chevron reviewing political donations after U.S. Capitol riots – CEO

Reuters
(Reuters) – Chevron is reviewing political donations after last week’s violent invasion of the U.S. Capitol, Chief Executive Officer Mike Wirth said on Tuesday while speaking at the Reuters Next conference. “I specifically asked my team to take a look at the events of last week and make sure those......

IMF says board approves $487.5 million disbursement to Angola

Reuters
FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – The International Monetary Fund said on Monday its executive board approved a disbursement to Angola of about $487.5 million after completing a fourth review of the African oil......

Angola gets breathing space from Chinese creditors, says finance minister

Reuters
By Tom Arnold, Karin Strohecker LONDON (Reuters) – Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700 million in its next tranche of International Monetary Fund financing in the coming days, its finance minister said on Monday. Africa’s second-largest oil exporter......

Companies must set climate targets in line with science – executives

Reuters
By Susanna Twidale, Nina Chestney LONDON (Reuters) – Companies must listen to scientists and align their plans to reach net zero targets with a global pact to fight climate change, executives told a Reuters Next conference on Monday. FILE PHOTO: Smoke and steam billow from the Belchatow Power Station, Europe’s......

India’s next budget to focus on boosting growth, says finance minister

Reuters
By Paritosh Bansal, Aftab Ahmed FILE PHOTO: India’s Finance Minister Nirmala Sitharaman attends a joint news conference with U.S. Treasury Secretary Steven Mnuchin in New Delhi, India, November 1, 2019. REUTERS/Adnan Abidi/File Photo NEW YORK/NEW DELHI (Reuters) – India’s economy will return to growth in 2021/22 and higher spending in......

One of biggest 2021 risks is market crowding: NN CIO

Reuters
LONDON (Reuters) – One of the biggest risks to the bullish equity market consensus for next year is that investors are all leaning the same way and market overcrowding could stall the rally early on, NN Investment Partners’ Chief Investment Officer said. FILE PHOTO: The Charging Bull or Wall Street......

Easy money to drive equities until mid-2021: Max Life Insurance

Reuters
(Reuters) – Equity markets are expected to rise until mid-2021 in response to the Federal Reserve’s easy money policies as high valuations will not matter to investors, India’s largest non-bank private life insurance company said on Wednesday. FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building......

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