(Reuters) -BlackRock, the world’s biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny. BlackRock’s iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and…
By Abhirup Roy SAN FRANCISCO (Reuters) – Nikola’s top shareholder and founder, Trevor Milton, on Thursday urged investors to vote against the electric truck maker’s proposal to increase the number of shares it is allowed to issue and called for a change in leadership. Nikola said Milton’s social media post “misstates the facts,” adding in…
BEIJING (Reuters) – China will speed up the process to allow private firms to access infrastructure of major national scientific research projects and will encourage private businesses to participate in key supply chain projects, a state planner spokesperson said on Friday. Private fixed-asset investment shrank 0.1% in the first five months of the year, a…
HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng Inc on Thursday expanded its self-driving capability to Beijing as part of the automaker’s expanded launch of City NGP (Navigation Guided Pilot) across the mainland. City NGP is now available in Guangzhou, Shenzhen, Shanghai and Beijing, with plans to expand it to dozens of cities within…
HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng Inc on Thursday expanded its self-driving capability to Beijing as part of the automaker’s expanded launch of City NGP (Navigation Guided Pilot) across the mainland. City NGP is now available in Guangzhou, Shenzhen, Shanghai and Beijing, with plans to expand it to dozens of cities within…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s e-commerce platforms are competing fiercely in the country’s first major shopping festival after the pandemic, offering steep discounts to entice frugal consumers in more worrying signs for an economy struggling to build momentum. The 618 festival, named after the founding date of JD.com but embraced…
(Reuters) – An oppressive heat wave settled over a wide swath of the U.S. South on Thursday, bringing record-breaking temperatures that topped 100 degrees Fahrenheit (38 Celsius) in many spots and creating dangerously hot conditions from Texas to Florida. At midday, more than 35 million people in southern Texas, Louisiana and Florida were under excessive…
TOKYO (Reuters) -Nissan Motor’s Chief Operating Officer Ashwani Gupta will leave the Japanese automaker later this month to pursue other opportunities after helping to steer a turnaround plan aimed at streamlining operations, the company said on Friday. Nissan plans to announce a new executive line-up on June 27, coinciding with his departure, it said in…
By Zeba Siddiqui and Raphael Satter (Reuters) – The U.S. Department of Energy and several other federal agencies were hit in a global hacking campaign that exploited a vulnerability in widely used file-transfer software, officials said on Thursday. Data was “compromised” at two entities within the energy department when hackers gained access through a security…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan is widely expected to maintain ultra-easy monetary policy on Friday despite stronger-than-expected inflation, as it focuses on supporting a fragile economic recovery amid a sharp slowdown in global growth. The central bank is also likely to keep intact a pledge to “patiently” sustain massive stimulus to…
