Crypto lender Celsius picks Fahrenheit’s bid for bankruptcy exit

(Reuters) – Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit’s proposal as the winning bid to manage a new entity to be owned by its creditors, directing itself out of bankruptcy. Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team and technology…

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Ukraine says it shot down 36 drones in overnight Russian attacks

KYIV (Reuters) – Ukraine said on Thursday it had shot down all 36 Iranian-made drones launched by Russia in overnight attacks which it said probably targeted critical infrastructure and military facilities. President Volodymyr Zelenskiy said it had been an “uneasy night” but commended the work of air defences. “Continuing to terrorise Ukraine, the enemy used…

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Australia’s Treasury Wine warns of demand hit from inflation

By Navya Mittal and Echha Jain (Reuters) -Australia’s Treasury Wine Estates warned on Thursday that inflation was squeezing demand for its commercial-grade wine and driving up packaging costs, sending its shares nearly 8% lower. The country’s biggest winemaker flagged challenging market conditions and consumption outlook for commercial wine, especially in Australia and the United Kingdom,…

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Russia says it said from the start that Ukraine was behind Kremlin drone attack

MOSCOW (Reuters) – President Vladimir Putin’s spokesman said Russia had said from the start that Ukraine was behind a drone attack on the Kremlin in early May, after the New York Times reported that U.S. spy agencies assessed one of Ukraine’s special military or intelligence units probably orchestrated it. Ukrainian President Volodymyr Zelenskiy denied at…

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Chinese hackers spying on US critical infrastructure, Western intelligence says

By Zeba Siddiqui and Christopher Bing (Reuters) -A state-sponsored Chinese hacking group has been spying on a wide range of U.S. critical infrastructure organizations, from telecommunications to transportation hubs, Western intelligence agencies and Microsoft said on Wednesday. The espionage has also targeted the U.S. island territory of Guam, home to strategically important American military bases,…

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Cathay needs to boost staff morale, union says, after “blanket-carpet” furore

By Farah Master HONG KONG (Reuters) -Cathay Pacific needs to address staff and resource shortages and raise pay to boost morale, its flight attendant union said, after three staff were fired for allegedly mocking passengers who could not speak English. A passenger on the CX987 flight from the southwestern Chinese city of Chengdu to Hong…

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