By Jessica DiNapoli DAVOS, Switzerland (Reuters) – A free bitcoin pizza stall and a “Liquidity Lounge” were among the treats on offer for attendees at this year’s meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash in digital coin values. Executives from the crypto sector have …
Crypto crowd dominate Davos main street despite price crash Read More »
By Rachel More and Rene Wagner BERLIN (Reuters) -German business morale rose unexpectedly in May thanks to a pick up in the services sector in Europe’s largest economy that helped offset the impact of high inflation, supply chain problems and the war in Ukraine, a survey showed on Monday. The Ifo institute said its business …
German business morale rises in May on buoyant services sector Read More »
By Sam Nussey TOKYO (Reuters) -Space is a key area of cooperation for Japan with the United States, its closest ally, amid heightened tensions with an increasingly assertive China, which itself aims to become a space power. Tokyo has said it hopes to put one of its astronauts on the lunar surface – the first …
With U.S. help, Japan wants to go from player to power in space Read More »
(Reuters) – The Russian rouble strengthened on Monday, heading back towards multi-year highs hit against the dollar and euro last week, supported by capital controls and an upcoming month-end tax period. At 0754 GMT, the rouble was 2.5% stronger against the dollar at 58.74, not far from 57.0750, its strongest mark since late March 2018, …
Rouble firms, heading back towards multi-year highs vs dollar, euro Read More »
By Ahmed Aboulenein and Chris Gallagher WASHINGTON (Reuters) -A military cargo plane carrying the first shipment of infant formula from Europe to help address a critical shortage in the United States landed in Indianapolis on Sunday and the White House said a second flight had been arranged. A Feb. 17 recall by top baby formula …
First baby formula shipment, enough for thousands of U.S. infants, arrives from Europe Read More »
(Reuters) – Nestle SA on Sunday delivered 132 pallets of its Health Science Alfamino and Alfamino Jr infant formulas to a U.S. facility, the company said, adding that another 114 pallets of Gerber Good Start Extensive HA formula will arrive in the coming days. The shipments are coming in under the Biden administration’s Operation Fly …
Nestle delivers over 100 pallets of infant formula to U.S Read More »
By Hyunjoo Jin and Paul Lienert (Reuters) – Elon Musk has made a name for himself and Tesla by breaking the rules, but the billionaire’s latest comments on politics and a claim of sexual harassment against him that he said is untrue may hurt the brand in the eyes of some car owners and employees. …
Analysis-Tesla brand threatened by Musk harassment claim, criticism of Democrats Read More »
By Noel Randewich and Amruta Khandekar (Reuters) – Wall Street ended mixed on Friday after a volatile session that saw Tesla slump and other growth stocks also lose ground. The S&P 500 and the Nasdaq logged their seventh straight week of losses, their longest losing streak since the end of the dotcom bubble in 2001. …
By Lewis Krauskopf NEW YORK (Reuters) – The stock market’s brutal year neared a grim milestone as the S&P 500’s slide on Friday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth. The benchmark …
Bear market beckons as stock volatility continues in 2022 Read More »
By David Randall NEW YORK (Reuters) -The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street, as U.S. stocks stand on the cusp of a bear market and warnings of a recession grow louder. At issue is the so-called Fed put, or …
As bear market looms, battered Wall St seeks elusive ‘Fed put’ Read More »
