(Reuters) – Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block Inc, the Jack Dorsey-led firm that recently changed its name from Square Inc…
By Francesco Guarascio and Wendell Roelf BRUSSELS/CAPE TOWN (Reuters) -The European Union and the Gates Foundation are set to announce financial support for nascent efforts to set up an African medicines regulator to boost the continent’s drugs and vaccine production, a person familiar with the matter told Reuters. The treaty establishing the African Medicines Agency…
By Arathy Somasekhar (Reuters) -Oil prices rose 2% on Friday after the International Energy Agency (IEA) said oil markets were tight, but crude benchmarks were still headed for weekly losses on jitters about looming U.S. interest rate hikes and concern that U.S.-Iran talks which could boost global supplies. Brent crude futures rose $1.52, or 1.7%,…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer sentiment fell to its lowest level in more than a decade in early February amid expectations that inflation would continue to increase in the near term, but that was unlikely to derail spending against the backdrop of excess savings and a strengthening labor market recovery. The decline in…
By Svea Herbst-Bayliss BOSTON (Reuters) – US Foods Holding Corp said on Friday it has split its chief executive officer and chairman roles after coming under pressure from an activist investment firm to improve its operations. Pietro Satriano will remain the company’s CEO and have a board seat, while Robert Dutkowsky, the board’s lead independent…
BRUSSELS (AP) — The chill of a Cold War hung over Eastern Europe again Friday, with Russian military maneuvers and drills close to Ukraine and the U.S. escalating its dire warnings about a possible Russian invasion of Ukraine, saying it could take place within days. Diplomats and government leaders, meanwhile, struggled ever more to jumpstart…
FRANKFURT (Reuters) -Germany and Austria should curb a boom in house prices by setting caps on mortgages and forcing banks to build up more capital, the European Union’s financial stability watchdog said on Friday. The European Systemic Risk Board’s recommendations, published on Friday but dating back to early December, were designed to speed up action…
(Reuters) -Under Armour Inc on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain. Shares fell 8.1% to $18.40 as the company flagged reductions to its spring and summer order book due to supply constraints. Product availability has…
BERLIN (AP) — Germany’s Constitutional Court has refused to temporarily block the implementation of a coronavirus vaccine mandate for care and health workers that is due to come into force in mid-March. The country’s top court said Friday that it had rejected a bid to impose an injunction against the measure until a legal challenge…
NEW YORK (AP) — Super Bowl advertisers this year want Americans to forget about pandemic woes and focus on the future: of electric vehicles, mind reading Alexas, robots and cryptocurrency — and also to harken back to the nostalgic past of ’90s movies like “Austin Powers” and “The Cable Guy.” The Los Angeles Rams are…
