Yandex granted Nasdaq lifeline subject to Russia restructuring

By Alexander Marrow (Reuters) – Russian internet firm Yandex on Thursday said it had been granted permission to retain its Nasdaq Stock Exchange listing provided the restructuring and divestment of its Russian business is concluded by the end of 2023. Often dubbed “Russia’s Google”, Yandex is making progress on a corporate restructuring plan that should…

Read More

Analysis-Boeing, Northrop face obstacles in commercializing flagship US rocket

By Joey Roulette WASHINGTON (Reuters) – NASA’s plans to turn over its flagship rocket to contractors Boeing and Northrop Grumman to find more buyers and bring down costs faces steep hurdles thanks to meager demand even from the Pentagon and a sprawling supplier network. The U.S. space agency is pushing ahead with plans to hand…

Read More

Australia to ban swastika, SS sign citing rise of far-right

SYDNEY (Reuters) – Australia said on Thursday it would introduce laws to the parliament next week banning public displays and sales of Nazi hate symbols, citing a rise in far-right activities at home. The swastika, one of the most recognisable symbols of Nazi propaganda, and the insignia of Schutzstaffel (SS), the paramilitary wing of the…

Read More

House Republicans cancel vote to hold FBI director in contempt

(Reuters) – Republicans in the U.S. House of Representatives have abandoned plans for a vote on Thursday to hold FBI Director Christopher Wray in contempt of Congress over agency documents related to an alleged “criminal bribery scheme” involving President Joe Biden. The House Oversight and Accountability Committee had been set to vote over accusations that…

Read More

TikTok seeks up to $20 billion in e-commerce business this year – Bloomberg News

(Reuters) -ByteDance-owned TikTok hopes to more than quadruple the size of its worldwide e-commerce operations to as much as $20 billion in merchandise sales this year, relying on growth in Southeast Asia, Bloomberg News reported on Wednesday, citing people familiar with the matter. The increase compares to last year’s $4.4 billion in gross merchandise value,…

Read More

New Zealand highlights importance of partners in tense region

By Lucy Craymer WELLINGTON (Reuters) – New Zealand, long known for its staunch independence in foreign policy, sees like-minded partners as key to helping it navigate a more strategically challenging environment in the Asia Pacific region, its foreign minister said on Thursday. The comments came as tensions mount between the United States and China and…

Read More

Dollar’s strength here to stay; only a rate cut could dent it -FX strategists: Reuters poll

By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The dollar’s renewed strength against most major currencies will not fade away anytime soon, according to FX strategists polled by Reuters, who said it would take rate cuts from the Federal Reserve to weaken the currency substantially. The greenback has recouped all of its roughly 3%…

Read More