By Niket Nishant and Hannah Lang (Reuters) -Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued parent company Digital Currency Group (DCG) and its CEO, the day after DCG missed the exchange’s deadline for agreeing to a restructuring deal for the venture capital firm’s troubled unit. DCG and Gemini, two prominent…
By Shreyashi Sanyal (Reuters) -European shares eked out gains on Friday as data pointing to slowing U.S. job growth eased concerns about interest rate hikes by the Federal Reserve but did little to change the main STOXX 600 index’s worst weekly showing in almost four months. The STOXX 600 rose 0.1% by 1615 GMT, turning…
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank president Austan Goolsbee on Friday said he does not disagree with his fellow US central bankers that rates will need to rise a couple more times this year to beat back too-high inflation. “I haven’t seen anything that says that’s wrong – that is on the…
By Chavi Mehta (Reuters) -Electric-vehicle maker Tesla rolled out a new program globally allowing buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales. The incentive, which Tesla dubbed as “Refer and Earn” on its websites, is equivalent to $500 in cashback for buyers in…
By Marco Aquino LIMA (Reuters) – Copper miners in Peru, already battling political uncertainty and regular protests, say they have another hurdle to revving up stalled production of the red metal: too much red tape. The South American country, the world’s No. 2 copper producer, has seen output plateau in the last five years as…
By Rachel Nostrant (Reuters) – Nearly half of U.S. tap water samples contain toxic “forever chemicals,” substances used in hundreds of household items from cleaning supplies to pizza boxes to which broad exposure can carry serious health risks, according to a new study. The U.S. Geological Survey (USGS) study tested tap water samples from more…
By Tom Sims and Friederike Heine FRANKFURT (Reuters) -German prosecutors are investigating asset manager DWS’s former chief executive Asoka Woehrmann over allegations of investment fraud through so-called greenwashing, a person with knowledge of the matter said on Friday. The formal investigation follows probes by regulators on both sides of the Atlantic since 2021 over accusations…
By Deena Beasley and Julie Steenhuysen LOS ANGELES (Reuters) -Eisai and Biogen’s Leqembi won a coveted standard approval nod from the U.S. Food and Drug Administration on Thursday, the first Alzheimer’s treatment to achieve that goal, clearing the way for wider insurance coverage of the drug. The FDA decision marks a new milestone for a…
BRUSSELS (Reuters) – NATO leaders will meet in Vilnius on July 11-12 to tackle a wide range of topics, from divisions over Ukraine’s membership bid and Sweden’s accession to boosting ammunitions stockpiles and reviewing the first defence plans in decades. It will be the fourth NATO summit since Russia’s invasion of Ukraine, with the first…
By Olena Harmash KYIV (Reuters) – With war dragging on, some of Ukraine’s millions of refugees are beginning to think about settling for good in the countries they find themselves in across Europe, posing a challenge to rebuilding the economy when the guns finally fall silent. Natalka Korzh, 52, a TV director and mother-of-two, left…
