By Joseph Ax (Reuters) – Georgia’s top court on Monday rejected former President Donald Trump’s latest effort to block an investigation into whether he and his allies illegally sought to interfere with the state’s 2020 election, weeks before prosecutors are expected to seek formal charges. Court records showed the Georgia Supreme Court unanimously dismissed the…
BERLIN (AP) — Germany and Austria activated early warning plans Wednesday amid concerns that Moscow could cut natural gas deliveries, while Poland announced steps to end all Russian oil imports by year’s end, in fresh signs of how Russia’s war in Ukraine is affecting Europe’s energy security. The German government said it was establishing a…
SAN FRANCISCO (AP) — Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession. Alphabet Inc., which owns an array of smaller technology companies in addition to Google, on Tuesday…
By Amy-Jo Crowley LONDON (Reuters) -Three major bidders for the consumer data arm of UK business media group Ascential have walked away from the auction, people familiar with the situation said, putting a question mark over attempts to break up the 1 billion pound ($1.29 billion) group. London-listed Ascential had intended to sell the business,…
By Kevin Yao BEIJING (Reuters) – China’s gross domestic product likely perked up in the first quarter of the year, a Reuters poll showed on Friday, as the end of strict COVID-19 curbs helped lift the world’s second-largest economy out of a crippling pandemic slump. GDP growth was seen speeding up to 4.0% in the…
By Deborah Mary Sophia and Kailyn Rhone (Reuters) -Starbucks missed market expectations for quarterly comparable sales on Tuesday, with demand for its coffees and cold drinks showing some signs of tapering in the North American and international markets even as China sales rebounded sharply. The world’s largest coffeehouse chain has targeted its younger, wealthier U.S….
By Svea Herbst-Bayliss (Reuters) – A majority of Twitter Inc’s shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the tally said on Monday. The deadline for the shareholder vote on the deal is on Tuesday but enough investors had voted by Monday evening for…
By Lewis Krauskopf NEW YORK (Reuters) – A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. The small-cap Russell 2000 is down about 1% this year, compared to a rally that has boosted the S&P 500, an index representing the largest U.S. companies, 7%…
By Naomi Rovnick and Ankur Banerjee SINGAPORE, LONDON (Reuters) -Global equities traded sideways on Wednesday after enthusiasm about China lifting COVID restrictions was tempered by rising infections and investors’ gloomy outlook for Western economies. MSCI’s broadest index of global stocks was flat as investors stayed on the sidelines at the end of a brutal year…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings. The price of the No.1 cryptocurrency has jumped 40% to around $27,700 since…
