LONDON (AP) — Prime Minister Boris Johnson is facing British lawmakers on Tuesday for the first time since he was fined by police for attending a birthday party in his office that broke coronavirus lockdown rules. As the House of Commons returns from an 11-day Easter break, Johnson is expected to apologize for what he…
JOHANNESBURG (Reuters) – African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data released by an industry group on Tuesday. The success of companies like Nigeria’s Paystack, acquired in 2020 by U.S. payments firm Stripe,…
(Reuters) – European shares were set for their worst day in nearly two weeks on Tuesday as worries about the war in Ukraine, expectations of aggressive monetary policy tightening by the U.S. Federal Reserve and mixed earnings kept investors on edge. The pan-European STOXX 600 lost 1.0% after dropping 0.9% last week. Travel and construction…
BANGKOK (AP) — Stocks were mixed in Asia on Wednesday after a rally on Wall Street led by technology stocks. Share benchmarks rose in Tokyo, Hong Kong and Sydney but fell in Seoul and Shanghai. U.S. futures were lower and oil prices pushed higher. Japan reported its trade deficit persisted in March as imports surged…
MADRID (Reuters) – Fund manager Reade Griffith bought a minority stake in Spanish broadcaster Mediaset Espana after its parent company MediaForEurope launched a public takeover offer, a filing to the Spanish stock regulator showed. Griffith, who heads Amsterdam-listed investment fund Tetragon’s Investment Committee, owns a 1.022% stake in Mediaset Espana through financial instruments since Monday,…
By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday. A delegation headed by Sri Lanka’s Finance Minister Ali Sabry kicked off formal talks with the IMF in Washington on Monday for a programme the…
By Lisa Pauline Mattackal and Medha Singh (Reuters) – A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The largest, Pax Gold or PAXG, has jumped…
By Ben Blanchard TAIPEI (Reuters) – Taiwanese electric scooter maker Gogoro Inc has all the chips it needs for now, founder and Chief Executive Horace Luke said on Tuesday, but could face a squeeze by year-end as it pushes big plans to grow in China, India and Southeast Asia. While a global shortage of semiconductors…
By Mohi Narayan and Sonali Paul (Reuters) -Oil prices rose on Tuesday as investors fretted over tight global supply after Libya was forced to halt some exports and as factories in Shanghai prepared to reopen post a COVID-19 shutdown, easing some demand worries. Brent crude futures rose 61 cents, or 0.5%, to $113.77 a barrel…
(Reuters) – Sri Lanka has made a request to the International Monetary Fund (IMF) for Rapid Financing Instrument (RFI) support to mitigate supply chain issues, a finance minister aide said in a tweet on Tuesday. However, the IMF holds the view that Sri Lanka does not meet its criteria, Shamir Zavahir said, adding that the…
