By Elizabeth Howcroft (Reuters) – Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The new project from ChatGPT founder Sam Altman aims to create a blockchain-based “identity and financial network”. Its native coin…
By Krishn Kaushik NEW DELHI (Reuters) – India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues…
(Reuters) – China’s exports fell 14.5% in July year-on-year, while imports contracted 12.4%, customs data showed on Tuesday, in the worst showing for outbound shipments from the world’s second-largest economy since February 2020. A Reuters poll of economists had forecast a 12.5% fall in exports and a 5.0% drop in imports. KEY POINTS: * Soybeans:…
By Himanshi Akhand (Reuters) -Woodside Energy Group said on Tuesday it had entered a deal with LNG Japan to sell a 10% participating interest in its $12 billion Scarborough liquefied natural gas (LNG) project in Australia for $500 million. Australia’s No.1 independent oil and gas producer, which owns 100% of the project since merging with…
A look at the day ahead in European and global markets from Brigid Riley Germany is first up to bat today with its consumer price index, hitting off a week of big inflation data drops around the globe, while market participants are also keeping an ear out for more U.S. Federal Reserve speakers taking the…
By James Oliphant and Gram Slattery WASHINGTON (Reuters) -The first Republican debate of the 2024 U.S. presidential campaign is shaping up as a crucial moment for Florida Governor Ron DeSantis, who badly needs some momentum in his challenge to former President Donald Trump for the party’s nomination. Complicating the matter for DeSantis: Trump, by far…
By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee (MPC) is expected to maintain key rates when it meets on Thursday, but will adopt a far more hawkish tone as the recent rise in food prices risks becoming entrenched, economists and market participants said. A July 13-31 Reuters poll of 75 economists showed the…
LONDON/NEW YORK (Reuters) -UBS on Monday announced an overhaul of its investment banking division, including naming the unit’s M&A chiefs, marking a key step in integrating Credit Suisse. UBS CEO Sergio Ermotti is seizing on the opportunity presented by the rescue takeover of Credit Suisse in March to reorganize its investment bank to better compete…
SYDNEY (Reuters) – Australian business conditions again proved solid in July with sales, profits and employment all above average, while a spike in labour costs and prices suggested inflationary pressures had yet to abate. A survey from National Australia Bank Ltd (NAB) released on Tuesday showed its index of business conditions dipped to +10 in…
By Jacqueline Thomsen WASHINGTON (Reuters) -Donald Trump’s lawyers urged a federal judge on Monday to reject a protective order sought by prosecutors ahead of the former U.S. president’s 2020 election trial, saying it would violate his free speech rights under the Constitution. Prosecutors, in asking for the protective order, argued that Trump could otherwise improperly…
