The Ukrainian government is marrying some digital marketing tools with crowdfunding and other incentives for giving to keep global attention trained on its war efforts against the Russian invasion. “There is a wave and there is this kind of euphoria, but then it abates,” Mykhailo Fedorov, vice prime minister of Ukraine and minister of digital…
(Reuters) – Archegos Capital Management founder Bill Hwang has asked for a probe into Morgan Stanley to review if someone at the bank tipped off outsiders of the firm’s plan to buy Futu Holdings Ltd stock in bulk, according to a Bloomberg News report on Tuesday. Archegos had alerted U.S. authorities of a short squeeze…
WASHINGTON (AP) — U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high. The increase was driven by greater sales of cars, electronics, and at restaurants, the Commerce Department said Tuesday. Even adjusting for inflation, which was…
(Reuters) -Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the country, are likely…
PARIS (Reuters) – Environmental activists briefly disrupted BNP Paribas’ annual shareholder meeting in Paris on Tuesday, accusing France’s largest listed bank of being Europe’s main financing partner for the fossil energies sector. Fourteen activists sounded portable alarms when the bank’s executives presented the firm’s targets and actions in the fight against climate change. In a…
MADRID (AP) — The land borders between Spain and Morocco at Ceuta and Melilla, Spain’s North African enclave cities, have begun to reopen after being closed for just over two years because of the COVID-19 pandemic and later a diplomatic crisis between the two countries. Crowds gathered at the first border to reopen — Tarajal,…
NEW YORK (AP) — Walmart reported stronger sales for its fiscal first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. The company also on Tuesday cut its full-year earnings forecast, sending shares down more…
By Nupur Anand and Chris Thomas MUMBAI (Reuters) – Shares in Life Insurance Corp of India (LIC) slid nearly 8% in its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking, oversubscribed IPO raised far less than expected for the government. India’s biggest insurer and largest domestic financial investor closed…
(Reuters) -Singapore-based Sea Ltd beat first-quarter revenue estimates on Tuesday, driven by improvements in its core e-commerce business in South East Asia and Latin America, sending its shares up 2.8%. The New York-listed company said total revenue in the first quarter of 2022 rose 64.4% to $2.9 billion, above analysts’ estimate of $2.76 billion, according…
Home Depot’s first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance. Revenue increased about 4% to $38.91 billion, easily beating Wall Street expectations, according to a survey of analysts by Zacks Investment Research. Sales at stores open at least a year, a key indicator of a retailer’s…
