By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE, Qualcomm Ventures, VentureTech Alliance and others. As automakers pivot to electric vehicles with more driver assistance functions, they are revamping…
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar rose to a five-week high against major peers on Monday, buoyed by inflation worries at home and growth concerns globally, though its gains were capped by anticipation the Federal Reserve will cut rates later this year. The Turkish lira sank to a two-month low after weekend…
ROME (Reuters) – The European Commission will forecast Germany’s economic growth this year at 0.2%, while projecting a 1.2% rate for Italy, Italian daily La Stampa reported on Monday, citing Brussels-based sources. The Commission will issue its spring forecasts at 0900 GMT on Monday. The 0.2% rise in gross domestic product forecast for Germany would…
MUMBAI (Reuters) – India’s headline retail inflation in May is likely to fall further towards 4% — the midpoint of the central bank’s target and a level last seen in January 2021, according to a few economists, who expect lower food prices to aid the decline. India’s consumer price inflation (CPI) eased to an 18-month…
BERLIN (Reuters) – Germany’s wholesale price index fell slightly in April compared to the same month last year, the first year-on-year drop since December 2020, according to data released on Monday. Wholesale prices fell by 0.5% on the year and 0.4% on the previous month, compared to March readings of 2.0% and 0.2%, the federal…
(Reuters) – The U.S. cryptocurrency enforcement tsar has said that the country was stepping up scrutiny of crypto exchanges to target illicit behavior on the platforms, the Financial Times reported on Monday. The Department of Justice (DOJ) is targeting crypto companies that engage in crimes themselves or allow crimes like money laundering to happen, Eun…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy expanded faster than expected in the first quarter due to a recovery in tourism, data showed on Monday, while investors braced for political uncertainty after the opposition secured a stunning election victory on Sunday. The tourism-reliant economy’s recovery has lagged its regional peers due…
By Angeliki Koutantou and Lefteris Papadimas ATHENS (Reuters) – Fourteen years after a debt crisis that saw Greece nearly crash out of the euro, single parent Niki Klaoudatou says she worries more about money now than she did during the worst years of the country’s economic meltdown. Ahead of an election on May 21, a…
By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s April trade surplus came in slightly bigger than expected, even as exports and imports plunged amid declining prices of its main commodities like palm oil, coal and nickel. The recovery of Southeast Asia’s largest economy from pandemic lows has been fuelled by a global commodity boom,…
SEOUL (Reuters) – South Korean house prices weakened for an 11th consecutive month in April – its longest streak of declines in 11 years – but the pace of falls continued to slow, data showed on Monday. The nationwide house price index fell 0.47% in April from the previous month, according to data from the…
