Wall Street closed out a miserable September on Friday with the S&P 500’s worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets. The benchmark index ended the month with a 9.3% loss and posted its third straight losing quarter. It’s now at its lowest level since November 2020 and is down…
By Sabine Siebold and Charlotte Van Campenhout MOSCOW/BRUSSELS (Reuters) – Russia said on Thursday that leaks spewing gas into the Baltic Sea from pipelines to Germany appeared to be the result of state-sponsored “terrorism”, as an EU official said the incident had fundamentally changed the nature of the conflict in Ukraine. The European Union is…
CANBERRA, Australia (AP) — The computer hacker who stole personal data of almost 10 million customers of a telecommunications company in one of Australia’s worst privacy breaches used techniques to conceal their identity, actions and whereabouts, police said on Friday. Australian Federal Police Assistant Commissioner Justine Gough, who heads cyber investigations, said the international probe,…
MUMBAI (Reuters) – The Reserve Bank of India’s benchmark repo rate was raised by 50 basis points on Friday, the fourth straight increase in the current cycle, as policymakers extended their battle to tame sustained above-target retail inflation rate. The monetary policy committee (MPC), comprising of three members from the RBI and three external members,…
WASHINGTON (AP) — The House on Thursday approved antitrust legislation targeting the dominance of Big Tech companies by giving states greater power in competition cases and increasing money for federal regulators. The bipartisan measure passed by a 242-184 vote. It was separated from more ambitious provisions aimed at reining in Meta, Google, Amazon and Apple…
(Reuters) -The Federal Communications Commission (FCC) on Thursday asked investment firm Standard General to produce further information about its proposed $5.4 billion takeover of U.S. broadcaster Tegna Inc. The FCC said it needed further information in order to review applications seeking consent to transfer control of Tegna’s subsidiaries, which own several licenses, to Standard General….
By Shubham Kalia (Reuters) -Singapore unveiled a package of measures for the property market, including tightening the maximum loan quantum limits for housing loans in response to a rise in interest rates, and new steps to moderate demand. The tightening of maximum loan quantum limits would ensure “prudent borrowing” and “avoid future difficulties” in servicing…
(Reuters) – Apple Inc’s Tony Blevins, a key player in the company’s supply chain operations, is leaving the iPhone maker, the company confirmed on Thursday, without providing a reason. The move comes after a TikTok video of the executive making a crude remark about women went viral. Bloomberg first reported Blevins’ departure. In a video…
By David Shepardson LAS VEGAS (Reuters) -Toyota Motor Corp President Akio Toyoda said California’s new zero-emission requirements that seek to end sales of new gasoline-only vehicles by 2035 will be “difficult” to meet. “Realistically speaking, it seems rather difficult to really achieve them,” Toyoda said on Thursday through a translator during a roundtable interview with…
ZURICH (Reuters) – Lindt & Spruengli’s foil-wrapped chocolate bunnies deserve protection from copycat products, Switzerland’s highest court ruled on Thursday, and ordered German discounter Lidl to stop selling a similar product in Switzerland and to destroy its remaining stock. Surveys submitted by Lindt showed Lindt’s Easter bunny was well known to the public, the Federal…
