SINGAPORE (Reuters) – Elon Musk’s satellite internet venture is helping to restore connectivity to the Pacific Island nation of Tonga, according to an official in Fiji where the work is underway. Tonga’s sole optic-fibre link to the internet and the rest of the world was severed by a volcanic eruption on Jan. 15 and only …
Musk’s SpaceX working to restore Tonga’s internet – Fiji official Read More »
(This Feb. 4 story was refiled to change name to Garnry in 15th and 17th paragraph, clarifies designation in 15th paragraph) By Saikat Chatterjee and Danilo Masoni LONDON (Reuters) – Unnerved by the sabre-rattling between Russia and the West over Ukraine, traders are scouring global markets for investments that could provide them with protection against …
Traders scour markets for protection amid Ukraine tensions Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) -Activist investment firm Ortelius Advisors wants to take control of petrochemical products company Trecora Resources’ board and has nominated six directors, according to a letter seen by Reuters. Ortelius founder Peter DeSorcy criticized how the company has previously spent capital and said there are many ways to boost Trecora’s lagging …
Activist Ortelius seeks control of Trecora board, nominates six- letter Read More »
By Hannah Lang (Reuters) – A group of major cryptocurrency firms including Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry. The Crypto Market Integrity Coalition, which was convened by risk-monitoring software company Solidus …
Crypto firms launch coalition to promote market integrity Read More »
By Huw Jones LONDON (Reuters) – Rapid action is needed to update how cross-border financial services are scrutinised and consumers protected as the sector becomes digitalised with “Big Tech” playing an increased role, European Union regulators said on Monday. People are turning to social media and using smartphones to buy and sell shares, move money …
EU watchdogs call for rapid action to catch up with digital finance Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish price comparison firm PriceRunner said on Monday it was suing Alphabet-owned Google for about 2.1 billion euros ($2.4 billion), the latest firm to take legal action alleging the search giant manipulated search results. Google in November lost an appeal against a 2.42 billion-euro fine it received in 2017 which …
PriceRunner sues Google for 2.1 billion euros, prepares for long fight Read More »
By Julia Love and Helen Coster (Reuters) – With just weeks to go before an expected launch, Donald Trump’s new media venture is trying to strike a delicate balance with its app: giving Trump’s base the freedom to express themselves, without running afoul of Apple and Google’s app store policies. The launch of Truth Social …
By Howard Schneider WASHINGTON (Reuters) – The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner. While the circumstances were unusual, …
U.S. on the road to 1950s-style unemployment, but it may only be a pit stop Read More »
By Karl Plume (Reuters) – The U.S. Department of Agriculture will invest $1 billion in pilot projects that promote farming, ranching and forestry practices that cut greenhouse gas emissions or capture and store climate-warming carbon, USDA Secretary Tom Vilsack told Reuters. The agency is due to announce the Partnerships for Climate-Smart Commodities program later on …
USDA to spend $1 billion to promote climate-friendly agriculture Read More »
DUBAI (Reuters) – Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said was expected due to the impact of COVID-19, inflation and supply chain issues. DP World said it handled 77.9 million shipping containers across its …
DP World posts 9.4% rise in 2021 container volumes Read More »
