WASHINGTON/BRUSSELS (Reuters) – The United States, Britain, Europe and Canada on Saturday moved to block certain Russian banks’ access to the SWIFT international payment system as part of more sanctions against Moscow as it continues its assault against Ukraine. The measures, which will also include restrictions on the Russian central bank’s international reserves, will be…
(Reuters) – Flexible workspace provider WeWork Inc on Tuesday named Chief Executive Officer Sandeep Mathrani as chairman and said SoftBank Group International’s Saurabh Jalan has joined the company’s board. (Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)
By Nathan Frandino GEORGETOWN, California (Reuters) – The prescribed burn begins on a California hill with a drip torch to light brush, needles and fallen branches, the flames spreading out on the forest floor far below the tree canopy. Students on this Saturday class learn how to keep the burn under control, while others stand…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed of concern. The proposal limits recipients of U.S. funding from investing in the expansion of semiconductor manufacturing in foreign countries of concern…
By Olena Harmash KYIV (Reuters) -Ukraine’s military vowed on Tuesday not to give up the pulverised eastern city of Bakhmut as it prepares to launch a long-promised counteroffensive against Russian forces. General Oleksandr Syrskyi, commander of ground forces, underlined the importance Kyiv attaches to holding Bakhmut as preparations continue for a counterattack which it hopes…
(Reuters) -GSK on Wednesday said its vaccine for the respiratory syncytial virus (RSV), which recently won EU approval, showed strong long-term protection in older adults in a late-stage trial. The British drugmaker said a ‘Phase III’ trial showed vaccine efficacy against RSV-lower respiratory tract disease and severe disease over two full RSV seasons, including in…
NEW YORK (Reuters) – Big investors, such as pension funds and insurance companies, are willing to increase their allocation to credit and equity hedge funds through the rest of this year, according to a Goldman Sachs survey. The bank’s capital introduction team, which introduces hedge funds to money managers, interviewed in July 340 investors, with…
(Reuters) -Sweden-based Volvo Car AB said on Saturday it had taken 100% ownership of its autonomous driving (AD) software development subsidiary Zenseact. Volvo Cars acquired 13.5% of shares in Zenseact from ECARX, which made the AD software company a fully owned subsidiary of the Swedish automaker. Zenseact will continue to remain and operate as a…
ATHENS, Greece (AP) — Inside Greece’s Orthodox churches, candles are a symbol of faith and simplicity, slender and traditionally made of beeswax, and placed in large candleholders filled with sand. Outside, buyers are looking for a wow-factor to go with Easter gifts: They are sold with dolls, watches and karaoke microphones, or fashioned using dyes…
By Caroline Valetkevitch NEW YORK (Reuters) – Wall Street strategists expect U.S. stocks to end 2022 above current beaten-down levels but some warned of turbulence on concerns inflation and aggressive interest rate rises crimps economic growth and unnerves investors, a Reuters poll found. The benchmark S&P 500 will end this year at 4,400, based on…
