LUGANO, Switzerland (AP) — A top U.S. diplomat on Tuesday urged allies of Ukraine to help the war-battered country meet its “immediate and urgent” needs — not only longer-term rebuilding — as scores of countries wrapped up a two-day conference aimed at helping Ukraine recover from Russia’s war, when it ends one day. Scott Miller,…
LONDON (AP) — The Bank of England warned Tuesday that recent cryptocurrency meltdowns that wiped out more then $2 trillion in value highlight the need for tougher financial regulations The U.K.’s central bank said that the crashes exposed vulnerabilities in the crypto markets reminiscent of previous bouts of financial turmoil. Extreme volatility in the crypto…
(Reuters) -Russian businessman Vladimir Potanin has said he is ready to discuss a possible merger between his mining group Nornickel and aluminium producer Rusal, a move that could strengthen their defences against any possible Western sanctions against them. Potanin told RBC TV he had sent a letter on Monday confirming his agreement to start merger…
HOUSTON (Reuters) – Wall Street analysts sharply increased their Exxon Mobil’s second quarter profit estimates after a securities filing showed a $5 billion gain from selling motor fuels compared with the first quarter. Record profits of more than $4 a share, up from $1.10 a year ago, are likely, according analyst estimates, reigniting calls for…
BARCELONA, Spain (AP) — Spain is increasing military spending as it works toward meeting a NATO commitment by dedicating 2% of gross domestic product to defense, the government said Tuesday. Cabinet members approved a one-off expenditure of almost 1 billion euros (around $1.04 billion) for Spain’s Defense Ministry that the government said was needed to…
JERUSALEM (Reuters) – Uber Technologies Inc said it was launching its ride-hailing and platform in Israel by connecting to a nationwide network of licensed taxis, as it continues to expand globally. Thousands of taxi drivers — both independent and working for companies — have already joined up, with the service that also includes ride sharing…
HONG KONG (AP) — Hackers claim to have obtained a trove of data on 1 billion Chinese from a Shanghai police database in a leak that, if confirmed, could be one of the largest data breaches in history. In a post on the online hacking forum Breach Forums last week, someone using the handle “ChinaDan”…
By Pratima Desai LONDON (Reuters) – Recession worries and consumer belt tightening have hit demand for electronic goods, which is feeding through to weaker consumption of soldering metal tin, but output cuts mean the market is likely to be balanced this year. Expectations of large deficits had pushed tin up to a record $51,000 a…
By Andy Bruce and Huw Jones LONDON (Reuters) -The Bank of England warned on Tuesday that the economic prospects for Britain and the world had darkened since the start of the year and told banks to ramp up capital buffers to ensure they could weather the storm. “The global economic outlook has deteriorated markedly. Global…
(Reuters) -AstraZeneca agreed to acquire biotechnology firm TeneoTwo Inc in a deal worth up to $1.27 billion on Tuesday, in a move to bolster its roster of therapies to treat blood cancers. At the heart of the deal is the U.S.-based company’s early stage experimental treatment for a form of Non-Hodgkin’s lymphoma, a type of…
