Reuters Financial News
03.09 / 14:11
COST
UPS
Reuters
Software
stage
blues
G20 Summit: Anti-drone systems, 130,000 security officers to guard Delhi
G20 Summit in New Delhi on September 9 and 10. The arrangements will be a showcase for Prime Minister Narendra Modi and India's growing presence on the world stage. The two-day summit will have the most high-profile guest list India has ever welcomed, from US President Biden to British Prime Minister Rishi Sunak and Saudi Arabia's Mohammed Bin Salman.
03.09 / 11:57
Lowe's
FIVE
Reuters
Platform
Lexicon
country
Oil: Both Saudis, US Playing for That 1 Unturned Card - Iran
A week ago, Saudi Crown Prince Mohammed bin Salman sat with Iranian Foreign Minister Hossein Amir-Abdollahian in Jeddah for a meeting — or more importantly photo opportunity — he intended the world to see.
03.09 / 11:57
Target
Reuters
Gap
performer
country
South Africa plans cost-cutting measures as revenue falls
JOHANNESBURG (Reuters) — South Africa's National Treasury said it will implement a number of cost-cutting measures to rein in government spending, including a hiring freeze, after a shortfall in revenue collection.
03.09 / 11:57
03.09 / 10:29
03.09 / 06:31
COST
UPS
Target
Reuters
blues
Updates
From anti-drone systems to bullet-proof limousines: Top 10 updates on security arrangements for G-20 Summit
G-20 Summit at the Pragati Maidan on September 9 and 10. Numerous security measures such as anti-drone systems and bulletproof limousines have been put in place to ensure the safety for the high-profile event. 1) More than 1,30,000 security personnel have been deployed in Delhi as the national capital gears up to host the G20 summit on September 9 and 10, Reuters reported.
03.09 / 02:45
Citi
Reuters
Action
Airlines
Southern
Mass evacuations and flight cancellations as Taiwan braces for Typhoon Haikui
domestic flights and the evacuation of nearly 3,000 individuals. The typhoon is anticipated to bring heavy rainfall and powerful winds to the southern and eastern regions of the island. Haikui is predicted to hit the remote and thinly populated southeastern part of Taiwan, characterized by mountainous terrain, during late Sunday afternoon.
03.09 / 01:59
03.09 / 00:33
UPS
Reuters
Williams
Progressive
Racing
Terry Gou resigns as Foxconn board member, seeking Taiwan presidency
leadership of the group to a professional manager four years ago". Gou's campaign team declined to comment. Asked on Monday about the issue of conflict of interest with Gou being a major shareholder of Foxconn, which has massive investment in China, Gou said he's willing to "sacrifice" his personal assets in China in the event of a Chinese attack.
02.09 / 21:49
02.09 / 06:05
02.09 / 04:37
UPS
IPO
Reuters
Apple
SoftBank
NVIDIA
valuation
Arm signs up Apple, Alphabet & other big tech firms for IPO at $50-55 billion valuation
Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to invest in the chip designer's initial public offering, according to people familiar with the matter. Intel Corp, Samsung Electronics Co Ltd, Cadence Design Systems Inc and Synopsys Inc have also agreed to participate as investors in the offering, the sources added. The talks are ongoing and some other potential investors are also in discussions to invest in the IPO, the sources added. SoftBank Group Corp, which owns Britain-based Arm, is targeting a valuation between $50 billion and $55 billion, Reuters reported earlier on Friday.
01.09 / 22:29
01.09 / 20:51
COST
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Reuters
Adidas
H&M
European Commission
country
Fast fashion firms prepare for EU crackdown on waste mountain
By Corina Pons and Helen Reid
01.09 / 20:51
01.09 / 19:53
UPS
Reuters
show
country
Prison
Thai king commutes former PM Thaksin's prison sentence to one year
Thailand's king has commuted former prime minister Thaksin Shinawatra's eight-year prison sentence to one year, the royal gazette said on Friday, a day after the billionaire submitted a request for pardon. The country's most famous politician returned to Thailand last week in a dramatic homecoming after 15 years abroad in self-exile to avoid jail time after he was ousted by the military in 2006. He arrived on a private jet and was transferred to prison to serve an eight-year sentence on charges of abuse of power and conflicts of interest from during his time in power. On the first night, he was moved to a police hospital over chest pains and high blood pressure. On Thursday he submitted a request for a royal pardon. Thaksin «was a prime minister, has done good for the country and people and is loyal to the monarchy,» the royal gazette said on Friday. «He respected the process, admitted his guilt, repented, accepted court verdicts.
01.09 / 18:39
UPS
Citi
Reuters
Booking
Premier Delhi hotel rates soar as G20 delegates flock to city
NEW DELHI : Average room rates for premier New Delhi hotels are set to triple next week, reaching a range of ₹18,000- ₹25,000, amid heightened demand driven by the arrival of thousands of delegates from 20 nations for the G20 summit across 9 and 10 September. The average daily rate (ADR), a key metric used by hoteliers to measure room revenue, from 7-11 September surged to ₹26,000, a more than fourfold increase from the average ₹6,000 in the past year, according to RateGain Travel Technologies’ Adara division data. ADR includes room rates, food and beverage, and other services availed of by customers, but it only counts the occupied rooms in a hotel, not the empty ones.
01.09 / 18:35
Facebook
Reuters
Platform
Fighting
Instagram
social
Meta may allow Facebook, Instagram users in EU to pay to avoid ads - NYT
(Reuters) -Meta Platforms is considering paid versions of Facebook (NASDAQ:META) and Instagram with no advertisements for users residing in the European Union (EU) as a response to scrutiny from regulators, the New York Times reported on Friday.
01.09 / 16:47
01.09 / 15:31
01.09 / 14:21
UPS
Reuters
CEO
Actor
show
social
Unemployment Rate
US unemployment rate up 3.8% in August; nonfarm payrolls increase by 1.87 lakh, beats Street estimates
jobless or unemployment rate climbed to 3.8 per cent - the highest level since early 2022. More people entered the labor force from 3.5 per cent in July. It remains below the US central bank's latest median estimate of 4.1 per cent by the fourth quarter of this year.
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