By Jonathan Stempel NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency platform of operating illegally because it failed to register as an exchange, in another blow to the crypto industry. The lawsuit is the SEC’s second in two days against a major crypto exchange,…
By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed shoppers and the wider economy as the group reported a 9% rise in underlying quarterly UK sales. “We do believe that we’re past the peak inflation,” CEO Ken Murphy…
(Reuters) -Vaccine maker Moderna’s chief executive officer Stephane Bancel will vacate his role as the company’s chief commercial officer, Bloomberg News reported on Tuesday citing one person familiar with the matter. The company’s president Stephen Hoge will take charge of sales as well as medical and research affairs, according to the report. Bancel will remain…
By Ivan Lyubysh-Kirdey NEAR BAKHMUT, Ukraine (Reuters) -The Ukrainian military and Russia’s Wagner private army both reported further Russian retreats around the city of Bakhmut on Thursday, as Kyiv pressed on with its biggest advance for six months ahead of a planned counteroffensive. Ukrainian troops near the front line said Russia was bombarding access roads…
ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse. UBS said it will use some of the shares for the takeover rather than cancelling them as originally planned after getting approval from the Swiss Takeover Board. Switzerland’s biggest bank agreed in…
By Lucy Craymer WELLINGTON (Reuters) -The Reserve Bank of New Zealand Governor Adrian Orr said on Thursday the committee was confident in the level of restrictiveness of interest rates at the present point. “They (interest rates) are well above what we would consider neutral, are constraining spending and investment,” Orr told the New Zealand government…
NAIROBI, Kenya (AP) — Ethiopia’s military has launched a “large-scale” offensive for the first time in a year in the northern Tigray region, Tigray authorities alleged Wednesday, while the government countered that Tigray forces attacked first. It’s a significant setback to mediation efforts as millions of people remain starved of food and other needs. The…
By Abhirup Roy (Reuters) -Electric vehicle charging companies are cautiously embracing Tesla’s charging technology as the main U.S. standard, mere days after Ford and GM said they were adopting it, but questions remained about how any interoperability would work. The rare agreements between Tesla Inc and each of the two U.S. automakers, who among them…
FRANKFURT (Reuters) – Core inflation in the euro zone will come down more slowly than previously thought as wage growth is seen picking up in a tight labour market, a European Central Bank survey showed on Friday. The latest Survey of Professional Forecasters (SPF) was presented to ECB policymakers this week as they decided to…
By Dominique Vidalon PARIS (Reuters) – France’s Remy Cointreau reported a stronger-than-expected 27% jump in first-half operating profit and kept its guidance for a slower second half, saying consumption trends were returning to more normal levels. Chief Executive Eric Vallat also said he was “cautiously optimistic” about business in China, a key market, in the…
