(Reuters) -Elon Musk said on Monday that Apple Inc has mostly stopped advertising on Twitter, the most high-profile company to pull ads from the social media platform over concerns about content moderation policies under its new owner. The move aligns the iPhone maker with a rising list of firms from General Mills Inc to luxury…
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit. FTX’s own bankruptcy, however, all but sealed BlockFi’s…
By Nia Williams (Reuters) – Oil turned positive on Monday, recovering after falling to close to the lowest this year, as rumours of an OPEC+ production cut offset concerns about street protests against strict COVID-19 curbs in China, the world’s biggest crude importer. U.S. West Texas Intermediate (WTI) crude rose 48 cents, or 0.1%, to…
By Noah Browning, Pratima Desai and Michael Hogan LONDON (Reuters) – Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil and grains hitting significant multi-month lows and safe-haven gold rising. The protests added a new political dimension to investor concerns after months of stringent measures…
(Reuters) -U.S. cryptocurrency lender BlockFi said on Monday it had filed for Chapter 11 bankruptcy protection along with eight of its affiliates, in the latest casualty since FTX collapsed earlier this month triggering instability in the crypto market. New Jersey-based BlockFi had earlier paused withdrawals from its platform and acknowledged it had “significant exposure” to…
LONDON (AP) — Irish regulators slapped Facebook parent Meta with a 265 million-euro ($277 million) fine Monday, the company’s latest punishment for breaching strict European Union data privacy rules. The Data Protection Commission said Meta Platforms infringed sections of the EU rules, known as the General Data Protection Regulation, that require technical and organizational measures…
FRANKFURT (Reuters) – Euro zone inflation has not peaked and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday. “We do not see the components or the direction that would lead me to believe that we’ve reached peak inflation and that it’s…
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Building a lithium-ion battery factory in Germany, Europe’s top car producer, had seemed like a no-brainer for Northvolt. But a new U.S. law offering hefty subsidies to local manufacturers of green technology has given the company pause for thought. Chief Executive Peter Carlsson said that under…
BUCHAREST, Romania (AP) — Russian energy giant Gazprom announced Monday that it will not further reduce natural gas to Moldova as it had threatened to do after claiming that bills went unpaid and that flows crossing through Ukraine were not making it to Moldova. Gazprom tweeted that Moldovagaz has “eliminated the violation of payment” for…
By Scott Murdoch and Lawrence White SYDNEY/LONDON (Reuters) – Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs hit growth expectations in the world’s second-largest economy. Clashes between police and protesters across several major cities over the weekend halted a tentative…
