By Nivedita Balu (Reuters) – Coinbase Global Inc will cut about 1,100 jobs, or 18% of its workforce, the cryptocurrency exchange said on Tuesday, the latest company preparing to ride out a downturn in the cryptosphere. The cryptocurrency market has been roiled by extreme volatility as investors dumped risky assets on fears that higher inflation…
THE HAGUE, Netherlands (AP) — NATO Secretary-General Jens Stoltenberg and a small group of leaders from alliance countries are meeting in the Netherlands to discuss Russia’s war in Ukraine and to prepare for a summit in Spain later this month. The informal gathering is being held Tuesday evening at Dutch Prime Minister Mark Rutte’s official…
By Katanga Johnson WASHINGTON (Reuters) -U.S. Securities and Exchange Commission (SEC) Gary Gensler said on Tuesday that investors should beware promised returns from crypto lending platforms and products that seem “too good to be true.” The Wall Street watchdog’s comments come a day after the world’s largest cryptocurrency fell 15% on Monday, its sharpest one-day…
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators, which raided some fashion companies last month, are focusing on a group of designers who two years ago called for changes in sales periods and discounts, people familiar with the matter said. The European Commission, which did not name the companies nor the countries in…
“Hamilton” creator Lin-Manuel Miranda, pop star Ricky Martin and award-winning actress/singer Michaela Jae Rodriguez joined the Hispanic Federation Tuesday to launch an advocacy initiative to serve Latinx LGBTQ+ communities. The Advance Change Together initiative will provide 20 Latinx nonprofits grants of $25,000 to $50,000 to support their efforts and infrastructure in those communities. The Hispanic…
By Joice Alves LONDON (Reuters) – Climate change could play out to the advantage of the euro, while China’s yuan and the Japanese yen are set to suffer the most without greater efforts to mitigate the effects of global warming, Barclays said in a report. The British bank mapped the effects of climate change on…
LONDON (AP) — The names of the 72 people who died in a London high-rise tower blaze were read out Tuesday at a memorial service to mark five years since the tragedy. Former Prime Minister Theresa May and London Mayor Sadiq Khan joined Grenfell Tower survivors and the bereaved at the Westminster Abbey service to…
WASHINGTON (Reuters) – U.S. producer prices increased solidly in May amid a surge in the cost of energy products, suggesting inflation could remain elevated for a while. The producer price index for final demand rose 0.8% last month after advancing 0.4% in April, the Labor Department said on Tuesday. In the 12 months through May,…
WASHINGTON (AP) — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing. Tuesday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches consumers — rose at slightly slower pace…
(Reuters) – Coinbase Global Inc said on Tuesday it would slash 18% of its workforce, or about 1,100 jobs, as a part of its efforts to cut costs amid volatile market conditions. (Reporting by Nivedita Balu in Bengaluru; Editing by Amy Caren Daniel)
