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☆ Nikkei hits two-week low on caution before U.S. Fed meet
▼ + stars: | 2021-09-22 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

The benchmark closed down 0.67% at 29,639.40, while the broader Topix slid 1.02% to end at 2,043.55, also the lowest since Sept. 6. “That is because investor focus is on the Fed meeting... how the interest rate projections will look like and whether the Fed will start tapering before the end of the year,” he said. The outcome of the Fed’s two-day meeting is scheduled at 1800 GMT with a news conference half an hour later. Itochu was the worst performer among the Topix’s 30 core names, losing 4.08%, while Mitsui & Co slid 2.86%. (Reporting by Junko Fujita; Additional reporting by Kevin Buckland; Editing by Subhranshu Sahu and Devika Syamnath)

Persons: allaying, Shigetoshi Kamada, ”, Itochu, Junko Fujita, Kevin Buckland, Subhranshu Sahu, Devika Organizations: Nikkei, U.S, Federal Reserve, China Evergrande’s, Group, Tachibana Securities, Mitsui, Co, Machinery, Daikin, Mizuho Financial, Mitsubishi, Financial, MUFG Union Bank, SoftBank Group, Nintendo Locations: TOKYO, China, U.S

☆ Japanese shares fall ahead of Fed outcome
▼ + stars: | 2021-09-22 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

The Nikkei share average was down 0.63% to 29,650.78 by 0209 GMT, while the broader Topix fell 0.67% to 2,050.67. “That is because investor focus is on the Fed meeting... how the interest rate projections will look like and whether the Fed will start tapering before the end of the year,” he said. The outcome of the Fed’s two-day meeting is scheduled at 1800 GMT with a news conference half an hour later. Trading houses led the decline in Japanese equities, with Marubeni losing 3.59% and Mitsui & Co slipping 2.6%. Heavyweight tech start-up investor SoftBank Group advanced 1.69% and Uniqlo clothing shop-owner Fast Retailing gained 0.95%.

Persons: allaying, Shigetoshi Kamada, ”, Junko Fujita, Subhranshu Sahu Organizations: U.S . Federal Reserve, Nikkei, Estate Group, Tachibana Securities, Marubeni, Mitsui, Machinery, Daikin Industries, Mizuho Financial, Mitsubishi, Financial, MUFG Union Bank, Mitsui Fudosan, SoftBank Group Locations: TOKYO, China, U.S, Real, Tokyo

☆ Delta variant clouds developing Asia's growth outlook - ADB
▼ + stars: | 2021-09-22 | by ( ) www.reuters.com time to read: +3 min

Growth in developing Asia, which groups 46 countries in the Asia-Pacific, is projected to reach 7.1% this year, the ADB said in an update to its Asia Development Outlook report, down from its 7.2% forecast in July and 7.3% in April. While seeing a slight downgrade, this year's growth estimate is a turnaround from the region's 0.1% contraction last year. For 2022, the ADB kept its 5.4% growth forecast for developing Asia. "Developing Asia remains vulnerable to the COVID-19 pandemic, as new variants spark outbreaks, leading to renewed restrictions on mobility in some economies," ADB Acting Chief Economist Joseph Zveglich said in a statement. The ADB also maintained its growth outlook for India at 10.0% this year and 7.5% next year.

Persons: Wang, Joseph Zveglich, Abdul Abiad, Abiad, Zveglich, Karen Lema, Ed Davies Organizations: REUTERS, Asian Development Bank, ADB, Asia Development, European Union, HK, Thomson Locations: Tianjin, China, Wang MANILA, Asia, United States, India, Myanmar

☆ EXCLUSIVE Polish gene project moves to drop Chinese tech on data concerns
▼ + stars: | 2021-09-22 | by ( Joanna Plucinska | ) www.reuters.com time to read: +5 min

The Genomic Map of Poland's concerns stem from questions over how Polish genomic data may be used that relate to national security, said Marek Figlerowicz, a Professor at the Institute of Bioorganic Chemistry at the Polish Academy of Sciences who steers the project. As the technology to sequence genetic data has advanced and become cheaper, Figlerowicz said, the mapping project plans to bring the remaining sequencing in-house. The project wants to ensure Poland has genomic "independence" so it can ensure data security. The European Union, which provided about 65% of the total funding for the Genomic Map, did not respond to a request for comment. BGI uses the pregnant women's genetic data for research into the traits of populations.

Persons: Kacper, Marek Figlerowicz, Figlerowicz, BGI, CEGC, Gene S.A, hasn't, Kirsty Needham, Sara Ledwith Organizations: REUTERS, China's BGI, Reuters, Institute of Bioorganic, Polish Academy of Sciences, U.S . National Security, Artificial Intelligence, Ministry of Foreign Affairs, Europe Genomics, Gene, European Union, Poland's Ministry of Education, Information Processing, People's Liberation Army, PLA, Thomson Locations: Warsaw, Poland, WARSAW, United States, Beijing, Bialystok, Europe, Poznan, CEGC, China, Sydney

☆ Iran says it's ready to restart nuclear talks as U.S. braces for tougher stance from Tehran
▼ + stars: | 2021-09-21 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | Abigail Williams | ) www.nbcnews.com time to read: +8 min

Khatibzadeh spoke as Iran's new foreign minister, Hossein Amirabdollahian, was in New York for the annual U.N. General Assembly, where he was expected to discuss reviving the nuclear deal with other governments. Iran has refused to meet with U.S. negotiators in the nuclear talks; Washington and Tehran must pass messages through European intermediaries, instead. All parties must stay true to the nuclear deal," Raisi said in a recorded speech by video. The monitoring regime was introduced as part of the 2015 nuclear deal. The U.S. will discuss how to proceed with Iran in talks with European allies and other world powers in New York on Wednesday.

Persons: Saeed Khatibzadeh, IRNA, Khatibzadeh, Hossein Amirabdollahian, Ebrahim Raisi, Trump, Donald Trump, Joe Biden, We're, Biden, Raisi, Antony Blinken Organizations: Foreign Ministry, General Assembly, European Union, Iranian, U.S, Biden, U.S ., U.K, General, ., Capitol, Trump, International Atomic Energy Agency, . Security Locations: WASHINGTON, Iran, Vienna, Tehran, Iranian, New York, France, Germany, U.S, Washington, China, Russia, Afghanistan, Australia

☆ Wage theft, tip withholding: Chinatowns’ workers unionize en masse for better conditions
▼ + stars: | 2021-09-21 | by ( Claire Wang | ) www.nbcnews.com time to read: +7 min

(Aside from Chinese workers, Chinese restaurant owners in Chinatown also hire many Latino and Southeast Asian immigrants.) Last month, the owners of the Sichuanese restaurant agreed to pay 22 employees $1.61 million in a hefty wage theft settlement, including nearly $600,000 in tips that the workers say were withheld from them. They’re just driven to make the most money possible.”In Boston, three local Chinese grocery stores were ordered in May to pay nearly $1 million for alleged wage theft and other labor violations. Two years earlier, the Chinatown restaurant Happy Lamb Hot Pot reached a wage theft settlement of nearly $900,000 with 14 former employees. In 2014, some 300 employees organized and won a record $4 million wage theft settlement against Yank Sing, a storied dim sum parlor that won a James Beard Award in 2009.

Persons: John Wang, Wang, “, what’s, ” Wang, ”, Shaw San Liu, Seth Weisburst, ‘, Palyn Hung Mitchell, Joy Luck, they’ve, Patrick Mock, They’ve, Sarah Anh, They’re, Happy, Karen Chen, ” Liu, Liu, Yank Sing, James Beard, ” Hung Mitchell Organizations: NBC Asian, “, New York Federal Reserve, Chinese Progressive Association, Department, Asian Law Caucus, NBC, Flushing Workers Center Locations: San Francisco’s Chinatown, China, Taiwan, NBC Asian America, Chinatown, ”, New York City, Flushing, New, Boston, San Francisco

☆ UPDATE 1-CEE MARKETS-Forint falls, then rises, after scaled-back rate hike
▼ + stars: | 2021-09-21 | by ( Reuters Staff | ) www.reuters.com time to read: +4 min

Hungary's central bank raised its base rate by 15 basis points to 1.65%, delivering its fourth rate hike in a row to curb rising inflation as the economy rebounds strongly from the effects of the coronavirus pandemic. The slower tightening pace from Hungary - following three previous rate moves of 30 basis points - comes as the Czech central bank looks certain to accelerate its rate hike cycle. Czech central banker Tomas Holub told Reuters in an interview published on Tuesday that he would likely support a 50 basis point rate increase at the next policy meeting. That added to signals that the central bank could deliver its biggest hike since 1997 next week, after two earlier standard 25 basis point moves. The Polish central bank, unlike peers in the region, has been hesitant to begin raising interest rates, wary of damaging an economic recovery even as inflation surges to a two-decade high.

Persons: Tomas Holub, Poland's zloty, Jason Hovet, Gergely, Raissa Kasolowsky, Steve Orlofsky Organizations: European Union, Reuters, CEE, PX, BUX Budapest, CRBEX, BELEX, nk Czech Locations: Hungary, PRAGUE, Hungarian, Czech, Europe, Polish, PX Prague, Warsaw, CRBEX Zagreb, BELEX Belgrade, Sofia, Czech Republic, Prague, Budapest

☆ Universal Music dances to $55 billion in electric stock market debut
▼ + stars: | 2021-09-21 | by ( Tosterling Sudip Kar-Gupta | Sudip Kar-Gupta | ) www.reuters.com time to read: +5 min

The world's biggest music label, which represents musicians and song catalogues from Billie Eilish to The Rolling Stones and Bob Dylan, saw its market value leap to 47 billion euros ($55 billion) in Europe's largest listing of the year. The company was spun off by France's Vivendi (VIV.PA), which handed a 60% stake in Universal to its shareholders. 1/2 The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. read moreUniversal has increased sales for six years in a row, with core earnings of 1.36 billion euros in 2020 on revenue of 7.43 billion euros. Before Universal, Amsterdam had attracted a record 14 IPOs this year.

Persons: Billie Eilish, Bob Dylan, William Ackman, China's Tencent, Vincent Bollore, Lucian Grainge, Ackman's Pershing, Matti Littunen, Bernstein, Littunen, Ackman, Arnd, BIEBER, Justin Bieber, Grainge, Toby Sterling, Sudip Kar, Gwenaelle Barzic, Mathieu Rosemain, Pamela Barbaglia, Ingrid Melander, Sarah White, Mark Potter, Pravin Organizations: France's Vivendi, Universal, Vivendi, HK, Ackman's, Warner Music, Sony Music, Pershing, Universal Music, REUTERS, YouTube, Spotify, Reuters, Paris Match, Euronext, European Union, BNP, Thomson Locations: Amsterdam, AMSTERDAM, Europe's, Hilversum, Netherlands, Santa Monica , California, Zurich, Switzerland, Lagardere, Paris, London

☆ Spain's economy reboot firms and could reach pre-pandemic levels in 2021
▼ + stars: | 2021-09-21 | by ( Nathan Allen | Belén Carreño | ) www.reuters.com time to read: +2 min

MADRID (Reuters) - Spain’s economic recovery has been gathering pace in the third quarter, prompting a top international organization and the Bank of Spain to improve their forecasts on Tuesday while the Spanish government looked to a return to pre-pandemic activity levels by the end of 2021. FILE PHOTO: People with shopping bags walk on a street at a commercial district in Madrid, Spain, July 27, 2021. The Bank of Spain also upgraded its 2021 growth forecast slightly, to 6.3%, although it said uncertainties associated with the pandemic remain. Speaking at a news conference, Economy Minister Nadia Calvino maintained the government’s economic growth targets of 6.5% for 2021 and 7% for 2022. Calvino said that Spaniards were sitting on up to 50 billion euros in savings that could be released in the coming months.

Persons: Juan Medina One, Nadia Calvino, Calvino Organizations: Bank of Spain, REUTERS, for Economic Cooperation, Development, Union, OECD Locations: MADRID, Madrid, Spain, Spain’s, Spanish

☆ Trash is rotting in the streets of New Orleans. Everyone agrees it's a labor issue.
▼ + stars: | 2021-09-21 | by ( Phil Mccausland Is An Nbc News Reporter Focused On Health Care | The Social Safety Net. | ) www.nbcnews.com time to read: +13 min

The company blames a nationwide worker shortage during the coronavirus pandemic for the lack of sanitation workers, specifically drivers. The issue, it says, is further compounded by Hurricane Ida’s scattering New Orleans workers outside the city. New Orleans has also encouraged residents to deliver their trash to a trash transfer station in the eastern part of the city. The city couldn’t confirm whether it had inspected Metro’s fleet or the age of the sanitation trucks. In the summer of 2020, the hoppers who worked for Woods' company went on strike, alleging poor working conditions and low wages.

Persons: Ida pummeled, Hurricane Ida, LaToya Cantrell, ”, “, Cantrell, Ramsey Green, Louis Armstrong, Green, ” Green, “ Rebidding, Jimmie Woods, Woods, Greg Beuerman, Thomas Adams, Adams, ” Adams, Beuerman, “ We’ve, “ We’re, It’s, hadn’t, “ They’re, Joseph Giarrusso, Jimmie, doesn't, Jonathan Edwards, Ida, Edward, Edwards, “ I’d Organizations: New, Hurricane, Metro Service Group, Mardi, Department of Public Works, Water Board, Regional Transit Authority, Louis Armstrong New, International Airport, New Orleans City Council, Woods, Metro, Tulane University’s New Orleans Center, UPS, City, Waste Union, Bureau of Labor Statistics Locations: New Orleans, Orleans, “, Hurricane, New, Metro, Metro’s, Woods

☆ Reserve manager interest in European bonds growing, say bankers
▼ + stars: | 2021-09-21 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

LONDON (Reuters) - Foreign central banks and reserve managers are showing growing interest in new debt issued by the European Union and other pan-European bodies, in a positive sign for the euro’s international role, speakers told a virtual financial conference on Tuesday. REUTERS/Dado RuvicThe EU is selling bonds to finance a fund worth up to 800 billion euros ($939 billion) to aid the post-COVID 19 recovery. But bankers and other speakers at the Official Monetary and Financial Institutions Forum (OMFIF) said EU debt sales were drawing strong demand from central banks and reserve managers, particularly in Asia. Kalin Anev Janse, chief financial officer and member of the management board of the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF), said bonds issued by his institutions were also seeing strong foreign demand. Anev Janse estimated that the value of European safe assets issued would reach 2 trillion euros in coming years, a move he said was “appealing to reserve managers globally”.

Persons: Dado Ruvic, “, we’ve, ” Georges Elhedery, Niall Bohan, Kalin Anev Janse, ”, Anev, Pablo de Ramon, Laca Clausen, Christian Kopf Organizations: European Union, REUTERS, U.S, Monetary, Financial, HSBC, Spanish Treasury, Union Investment Locations: Foreign, Europe, Asia, Spanish

☆ U.S. Lifts Travel Ban Just as Europe Takes Flight Again
▼ + stars: | 2021-09-21 | by ( Benjamin Katz | ) www.wsj.com time to read: 1 min

LONDON—The U.S. is opening its borders to foreign air travelers just as Europe is starting to fly again, promising a fresh boost for an industry among the hardest hit by Covid-19. Washington on Monday said it would in November start welcoming many foreigners that had been shut out of the country for more than a year. The Trump administration closed off air travel for noncitizens from places including Britain and the European Union at the start of the pandemic early last year. European leaders have called for the Biden administration to lift that ban.

Persons: Trump, Biden Organizations: Washington, European Union Locations: U.S, Europe, Britain

☆ CEE MARKETS-Forint, crown outperform with rate hike hopes in focus
▼ + stars: | 2021-09-21 | by ( Reuters Staff | ) www.reuters.com time to read: +4 min

PRAGUE, Sept 21 (Reuters) - The forint and Czech crown rebounded on Tuesday, with markets tuned to Hungary's central bank meeting where the pace of rate hikes may ease and Czech markets betting on a steeper rise in borrowing costs. Most central European currencies drifted on Tuesday, with the exception of Hungary's forint the Czech crown which firmed as investors count on higher interest rates. Hungary's central bank is expected to raise its base rate by 25 basis points to 1.75% on Tuesday, slowing the pace of tightening after three successive 30 basis-point increases since June. Expectations were fortified on Tuesday after Holub's comments, which followed a similar tone from other central bank board members in the past week, indicating that a majority on the board is forming. The Polish central bank, unlike Hungarian or Czech peers, has been cautious in starting rate hikes despite a surge in inflation as it looks to avoid hurting a recovery.

Persons: Hungary's, Tomas Holub, Holub's, Jason Hovet, Raissa Kasolowsky Organizations: Central, Stock, Reuters, Erste Group Bank, European Union, PX, BUX Budapest, CRBEX, BELEX, nk Czech Locations: PRAGUE, Czech, Budapest, Warsaw, Prague, Poland, Polish, Hungary, PX Prague, CRBEX Zagreb, BELEX Belgrade, Sofia, Czech Republic

☆ Investors tune in as Universal leaps on market debut
▼ + stars: | 2021-09-21 | by ( Tosterling Sudip Kar-Gupta | Sudip Kar-Gupta | ) www.reuters.com time to read: +3 min

The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. The company was spun off by France's Vivendi (VIV.PA), which handed a 60% stake in Universal to its shareholders. But that saw Vivendi's own shares plunge more than 20% as investors reassessed the media group's value without the music label. Shares in Bollore , which holds 27% of Vivendi (VIV.PA), were up 2.8%, while Amsterdam-listed shares of Bill Ackman's Pershing (PSH.AS) rose by around 5%. Before Universal, Amsterdam had attracted a record 14 IPOs so far this year.

Persons: Arnd, Billie Eilish, Bob Dylan, William Ackman, China's Tencent, Vincent Bollore, Bill Ackman's Pershing, Ackman, Justin Bieber, Toby Sterling, Sudip Kar, Gwenaelle, Ingrid Melander, Sarah White, Mark Potter Organizations: Universal Music, REUTERS, Vivendi, France's Vivendi, Universal, HK, Pershing, YouTube, Spotify, Euronext, European Union, Vivendi deprives, Thomson Locations: Zurich, Switzerland, AMSTERDAM, Europe's, Amsterdam, Bollore, Paris, Universal

☆ U.S. Bancorp to Buy MUFG Union Bank for About $8 Billion
▼ + stars: | 2021-09-21 | by ( Dave Sebastian | ) www.wsj.com time to read: 1 min

U.S. Bancorp has agreed to buy MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group for about $8 billion in cash and stock, a deal that would boost U.S. Bank’s presence in California and other parts of the West Coast. The purchase price includes $5.5 billion in cash and about 44 million shares of U.S. Bancorp common stock, the companies said Tuesday. MUFG will hold a minority stake of about 2.9% in U.S. Bancorp after the transaction is expected to close in the first half of 2022, they added.

Persons: MUFG Organizations: Bancorp, MUFG, Mitsubishi UFJ Financial, U.S . Bancorp Locations: California, West Coast, U.S

☆ Japan's MUFG to sell part of U.S. unit to US Bancorp for $8 billion
▼ + stars: | 2021-09-21 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

Signboards of MUFG Bank are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/FilesTOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) said it has agreed to sell the personal banking arm of its U.S. unit MUFG Union Bank to US Bancorp in a cash and stock deal worth $8 billion. MUFG Union Bank had around 300 branches as of the end of last year, with most of those retail branches on the West Coast of the United States, its website shows. It became a wholly owned unit of Mitsubishi UFJ in 2008, when the Japanese lender paid around $3.5 billion for the third it did not already control. MUFG Union Bank will keep its corporate and investment banking business and some administrative operations.

Persons: Toru Hanai, MUFG, Morgan Stanley Organizations: MUFG Bank, REUTERS, Mitsubishi UFJ Financial, MUFG, Bank, Bancorp, Bloomberg, MUFG Union Bank, Mitsubishi, Wall Locations: Tokyo, Japan, United States, Asia, West Coast, Wall Street

☆ Japan's MUFG pulls back from U.S. retail banking in $8 billion deal with U.S. Bancorp
▼ + stars: | 2021-09-21 | by ( Tim Kelly | ) www.reuters.com time to read: +2 min

TOKYO (Reuters) - Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out smaller lenders. Signboards of MUFG Bank are seen in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/FilesThe deal includes $5.5 billion in cash and $2.5 billion worth of shares that will give Japan’s biggest lender a 2.9% stake in Minneapolis-based Bancorp, which will become the fifth largest bank in the United States, the banks said on Tuesday. The deal with Bancorp comes as MUFG shifts its focus more to other parts of Asia. With assets of $132 billion, it provides corporate, commercial and retail banking as well as wealth management.

Persons: Toru Hanai, Morgan Stanley, ” Morito Emi, “, ”, Emi, Donald Trump, Joe Biden’s Organizations: Mitsubishi UFJ Financial, MUFG Union Bank, U.S . Bancorp, MUFG Bank, REUTERS, Bancorp, Mitsubishi, Mitsubishi Union Bank Locations: TOKYO, U.S, Tokyo, Japan, Minneapolis, United States, West Coast, Asia, MUB, MUFG’s U.S

☆ Japan's MUFG to exit U.S. retail banking in $8 billion deal with U.S. Bancorp
▼ + stars: | 2021-09-21 | by ( Tim Kelly | ) www.reuters.com time to read: +4 min

TOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out smaller lenders. Signboards of MUFG Bank are seen in Tokyo, Japan April 3, 2018. STRATEGYFor U.S. Bancorp, the MUB deal boosts its presence in California to become the fifth-largest deposit holder in the most populous American state, according to a statement. The deal with U.S. Bancorp comes as MUFG shifts its focus more to other parts of Asia. With assets of $132 billion, it provides corporate, commercial and retail banking as well as wealth management.

Persons: Toru Hanai, Morgan Stanley, ” Morito Emi, “, ”, Emi Organizations: Mitsubishi UFJ Financial, MUFG Union Bank, U.S . Bancorp, MUFG Bank, REUTERS, . Bancorp, PNC Financial Services, Citizens Financial, U.S, Bancorp, Spain’s BBVA, PNC, HSBC, Mitsubishi, Mitsubishi Union Bank Locations: TOKYO, U.S, Tokyo, Japan, Minneapolis, United States, West Coast, California, American, MUB, Asia, MUFG’s U.S

☆ At U.N., China’s Xi Commits to Stop Building Coal Plants Abroad
▼ + stars: | 2021-09-21 | by ( James T. Areddy | ) www.wsj.com time to read: 1 min

Chinese President Xi Jinping on Tuesday said Beijing would stop building coal-fired power plants abroad, in a public commitment to redirect the country’s huge engineering industry away from adding to a source of global pollution. Beijing has faced pressure from the U.S., the European Union and environmental groups for having continued to finance and build coal-fired power plants in many developing countries, even as it said it would cut greenhouse emissions at home.

Persons: Xi Jinping Organizations: European Union Locations: Beijing, U.S

☆ Fintech startup TrueLayer raises $130 million at over $1 billion valuation
▼ + stars: | 2021-09-21 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +1 min

STOCKHOLM (Reuters) - London-based fintech startup TrueLayer said on Tuesday it had raised $130 million from investment firm Tiger Global Management and payments technology provider Stripe in a funding round that valued the company at more than $1 billion. The company, which last raised $70 million in April, has seen 400% growth in monthly payment volume this year so far, as it expanded across Europe and doubled its customer base. TrueLayer, which counts Freetrade, Revolut and Cazoo among its customers, accounts for more than half of all open banking traffic in the UK, Ireland and Spain. While several fintech firms look toward the United States as a source of growth, TrueLayer has no immediate plans to enter that market. “I think U.S. poses a different set of challenges that we certainly want to tackle at some point,” Simoneschi said.

Persons: TrueLayer, Francesco Simoneschi, ” Simoneschi Organizations: Tiger Global Management, European Union Locations: STOCKHOLM, London, Europe, Australia, Ireland, Spain, United States

☆ No ministers' meeting on Iran nuclear deal at United Nations, says EU's Borrell
▼ + stars: | 2021-09-21 | by ( ) www.cnbc.com time to read: +1 min

Angela Weiss | AFP | Getty ImagesMinisters from Britain, China, France, Germany and Russia will not meet with Iran at the United Nations this week to discuss a return to nuclear deal talks, European Union foreign policy chief Josep Borrell told reporters on Monday. Diplomats were tentatively planning for a ministerial meeting of the parties to the 2015 nuclear deal on Wednesday on the sidelines of the annual U.N. gathering of world leaders. It's not in the agenda," said Borrell, who acts as coordinator for the nuclear deal — known as the Joint Comprehensive Plan of Action (JCPOA). Trump reimposed harsh sanctions on Iran, which then started breaching curbs on its nuclear program. The Vienna talks were adjourned in June after hardliner Ebrahim Raisi was elected Iran's president and took office in August.

Persons: Josep Borrell, Angela Weiss, It's, Borrell, Hossein Amirabdollahian, Donald Trump, Trump, hardliner Ebrahim Raisi Organizations: European Union for Foreign Affairs, EU, AFP, Getty, Ministers, United, Union, Monday, Diplomats, U.S Locations: New York City, Britain, China, France, Germany, Russia, Iran, United Nations, Vienna, United States, Tehran

U.S. President Joe Biden walks to the podium before his remarks on a National Security Initiative virtually with Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson, inside the East Room at the White House in Washington, U.S., September 15, 2021. REUTERS/Tom BrennerNEW YORK/LONDON, Sept 21 (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. A submarine deal the United States and Britain recently announced with Australia came at France's expense, sparking France to withdraw its ambassadors to the United States and Australia and cancel a defense meeting with Britain. "The reality is that Joe has a lot of fish to fry," Johnson told reporters traveling with him to the United States on Monday. Reporting by Trevor Hunnicutt and Elizabeth Piper; Editing by Heather Timmons, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Scott Morrison, Boris Johnson, Tom Brenner, Donald Trump, Democrat Joe Biden, Tony Blair, George W, Peter Ricketts, Biden, Barack Obama, Johnson, Joe, Trevor Hunnicutt, Elizabeth Piper, Heather Timmons, Robert Birsel Organizations: National Security, Australian, British, White, REUTERS, Democrat, Atlantic, European Union, France, Britain, Australia, Union, Thomson Locations: Washington , U.S, Washington, Britain, United States, France, Australia, Iraq, America, Afghanistan, China, British, U.S

☆ No ministers' meeting on Iran nuclear deal at U.N., says EU's Borrell
▼ + stars: | 2021-09-21 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

Julien Warnand/Pool via REUTERSNEW YORK, Sept 20 (Reuters) - Ministers from Britain, China, France, Germany and Russia will not meet with Iran at the United Nations this week to discuss a return to nuclear deal talks, European Union foreign policy chief Josep Borrell told reporters on Monday. Diplomats were tentatively planning for a ministerial meeting of the parties to the 2015 nuclear deal on Wednesday on the sidelines of the annual U.N. gathering of world leaders. It's not in the agenda," said Borrell, who acts as coordinator for the nuclear deal - known as the Joint Comprehensive Plan of Action (JCPOA). The Vienna talks were adjourned in June after hardliner Ebrahim Raisi was elected Iran's president and took office in August. French Foreign Minister Jean-Yves Le Drian said earlier on Monday that the negotiations must restart, signalling that there would be a ministerial meeting of the nuclear deal parties.

Persons: Josep Borrell, Julien Warnand, It's, Borrell, Hossein Amirabdollahian, Donald Trump, Trump, hardliner Ebrahim Raisi, Jean, Yves Le Drian, Michelle Nichols, Muralikumar Organizations: REUTERS NEW, United, Union, Monday, Diplomats, U.S, United Nations, Thomson Locations: Afghanistan, Strasbourg, France, Britain, China, Germany, Russia, Iran, United Nations, Vienna, United States, Tehran

☆ Germany’s election race is too close to call as Socialists' poll lead narrows
▼ + stars: | 2021-09-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Construction workers place a barrier in front of an election campaign poster for Christian Democratic Union (CDU) party leader and candidate for Chancellor Armin Laschet. JOHN MACDOUGALL | AFP | Getty ImagesWith just a handful of days until Germans vote in the federal election on Sunday, the latest poll shows the gap narrowing between the top two contenders. While Germany's Social Democratic Party (SPD) remains in front, a new poll by Insa for the German newspaper Bild has found the gap is narrowing. It indicates that the election is too close to call, although German voters have tended to favor stability in past elections meaning that the lead for the SPD could be scuppered when it comes to election day. For example, a "Green-Red-Red" alliance of the Greens with the SPD and far-left Die Linke party, or perhaps a "traffic light" coalition of the SPD, Greens and liberal Free Democratic Party (FDP).

Persons: Chancellor Armin Laschet, JOHN MACDOUGALL, Insa, Olaf Scholz, Merkel, Chancellor Angela Merkel, Scholz —, —, Armin Laschet, Scholz, Laschet, Annalena Baerbock, Baerbock Organizations: Christian Democratic Union, CDU, AFP, Getty, Germany's Social Democratic Party, SPD, Conservatives, EU, Christian Social Union, CSU, Green Party, Greens, Germany, Linke, liberal Free Democratic Party

☆ France weighs Australia options, urges Britain to restore trust
▼ + stars: | 2021-09-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/PoolBRUSSELS, Sept 21 (Reuters) - France is assessing all options in response to Australia's scrapping of a $40 billion submarine contract, French European affairs minister Clement Beaune said on Tuesday, while urging Britain to respect its post-Brexit commitments. Australia said last week it would cancel an order for conventional submarines from France and build at least eight nuclear-powered submarines with U.S. and British technology under a new security partnership named AUKUS. We need to look into all options," he told reporters before a meeting of EU counterparts in Brussels. Beaune said this marked a further erosion of trust in Britain post-Brexit. Reporting by Philip Blenkinsop, Marine Strauss, Robin Emmott and Sabine Siebold; Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.

Persons: European Affairs Clement Beaune, Benoit Tessier, Clement Beaune, Ursula von der Leyen, Michael Roth, Philip Blenkinsop, Marine Strauss, Robin Emmott, Sabine Siebold, Giles Elgood Organizations: French Junior, European Affairs, REUTERS, French, U.S, EU, European, CNN, European Union, Thomson Locations: Paris, France, BRUSSELS, Britain, Beaune, Australia, Brussels, EU, New York, European, German Europe, Canberra, Washington, Northern Ireland

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