By Luc Cohen NEW YORK (Reuters) – A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases. Christy Goldsmith Romero, one of five commissioners at the Commodity Futures Trading Commission (CFTC), said cryptocurrency cases account…
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as legitimate the EU antitrust watchdog’s requests for information related to its investigation into Facebook’s data and online marketplace. A spokesperson for the U.S. tech giant, which had compared the European Commission to a fishing super…
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as legitimate the EU antitrust watchdog’s requests for information related to its investigation into Facebook’s data and online marketplace. A spokesperson for the U.S. tech giant, which had compared the European Commission to a fishing super…
By Andrew Mills DOHA (Reuters) -The managing director of the International Monetary Fund (IMF) Kristalina Georgieva said on Wednesday she was confident the United States would avoid a debt default. The U.S. government could fall behind on its bills next month – and even default on its debt – if Congress doesn’t raise a $31.4…
By Kopano Gumbi JOHANNESBURG (Reuters) -South Africa’s central bank will likely extend its tightening cycle and push rates cuts further into the future amid countrywide power outages and currency weakness, analysts said, adding to inflationary pressures straining businesses and households. The South African Reserve Bank (SARB) – which is facing a dilemma of how to…
By Riham Alkousaa BERLIN, Germany (Reuters) -German authorities on Wednesday searched 15 properties nationwide in an investigation into protests by Last Generation climate activists who have caused large-scale disruption by gluing themselves to roads and blocking rush-hour traffic. Amid the protests in recent months, Berlin’s ruling coalition, including the environmentalist Greens, has been arguing over…
By Nell Mackenzie LONDON (Reuters) – Borrowing across the global hedge fund industry has hit record highs, Goldman Sachs said in a note to clients on Wednesday, as rising interest rates make it cheaper for speculators to borrow stock and bet on movements in company stock prices. But hedge funds overall remain undecided on the…
By Hannah Confino and Ari Rabinovitch TEL AVIV (Reuters) – A deadly epidemic that is spreading through the Red Sea has killed off an entire species of sea urchin in the Gulf of Aqaba, imperilling the region’s uniquely resilient coral reefs, an Israeli research team has found. The whole population of black sea urchins, a…
By Huw Jones LONDON (Reuters) – European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and EU regulators that could hamper how the tougher safeguards will be enforced. The European Commission, the EU’s executive body, on Wednesday proposed stricter rules on selling financial products, such…
BRUSSELS (Reuters) – The EU Commission said on Wednesday it was prepared to consider changes to a plan of reforms agreed with Italy, but any new proposals must be made as soon as possible for Rome to secure promised pandemic recovery funds. Rome is struggling to meet a package of policy pledges, including reforms to…
