By Hannah Lang (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday. The watchdog, which does not currently oversee BNPL companies or products, will issue guidance or…
DUBLIN (Reuters) -Ryanair blocked media from attending its Annual General Meeting on Thursday, informing reporters as they arrived for the event that they would not be given access. Reporters who understood they were being brought to the meeting room, were told they were being brought to a media room instead and that Chief Executive Michael…
KYIV, Ukraine (AP) — Russian President Vladimir Putin and Ukrainian counterpart Volodymyr Zelenskyy are each courting major allies on Thursday, seeking to prop up their efforts in a war whose fortunes have tilted toward Ukraine in recent days. In Uzbekistan’s ancient Samarkand, Putin was hoping to break through his international isolation and further cement his…
BEIJING (AP) — Asian stock markets followed Wall Street lower on Friday after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease off more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil edged higher. Wall Street’s benchmark S&P 500 index lost 1.1% on Thursday, adding to declines since this week’s release…
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar held near recent peaks on Thursday, supported by expectations the U.S. Federal Reserve will continue to tighten policy aggressively as it tries to curb inflation, while the yen faltered after jumping sharply the day before. The dollar was up 0.28% against the yen at…
BERLIN (Reuters) – German Economy Minister Robert Habeck said on Thursday he had no information on any changes to Tesla’s plans in Germany. On Wednesday, German radio broadcaster rbb reported that the U.S. e-car maker’s plans to expand its factory outside Berlin had been shelved for the time being. (Writing by Rachel More; Editing by…
SHANGHAI (Reuters) – Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing where traffic plunged during COVID restrictions, two people with knowledge of the plans said. The shift would put more emphasis on stores in less-costly suburban locations…
By Kaori Kaneko and Daniel Leussink TOKYO (Reuters) – Japan’s efforts to stop the yen’s sharp falls through market intervention would be limited in its impact, a senior member of the country’s ruling party warned, as data showed the currency’s recent tumble blowing the trade deficit to a record. The Japanese yen held above 24-year…
TOKYO (AP) — Japan posted a record trade deficit in August as costs for imports of oil and gas soared, the government reported Thursday. The 2.82 trillion yen ($19.6 billion) deficit, the 13th in a row, was triple the deficit logged in the same month a year earlier. Customs-data showed exports rose 22% from a…
SEOUL, South Korea (AP) — Samsung Electronics is shifting away from fossil fuels and aiming to entirely power its global operations with clean electricity by 2050, a challenging goal that experts say could be hampered by South Korea’s modest climate change commitments. South Korea-based Samsung is a top producer of computer memory chips and smartphones…
