Massive tech layoffs are spawning a new wave of startups Early-stage venture capital funding at record highs Echoes of the dotcom crash that fueled Facebook and others Jan 3 (Reuters) – Nic Szerman lost his job at Meta Platforms (META.O) in November, just two months after joining full-time, victim of a drastic 13% cut in …
Startups rise from the ashes of the Big Tech purge Read More »
Price control starts April 1 The proposals are subject to statutory consultation Should increase the use of renewable energy Green energy would be supported by nuclear, hydrogen LONDON, Nov 30 (Reuters) – Britain’s energy watchdog has proposed price controls for electricity distribution companies for the next five years, which it says will boost investment in …
UK energy watchdog proposes electricity price checks Read More »
Russia turns to Chinese currency despite sanctions Moscow becomes the 4th offshore trading center for the yuan The share of the yuan in the Russian foreign exchange market increases from 1% to 45% Russian central bank backs trend but warns of risks This content was produced in Russia where the law limits coverage of Russian …
Yuan is the new dollar as Russia rolls to red back Read More »
Cyber Monday spending hits a record $11.6 billion – report Biogen down after death in Alzheimer’s drug trial Disabled indices: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Major Wall Street indexes fell on Monday amid concerns over protests in major Chinese cities over strict COVID-19 policies, although Amazon’s gains helped limit losses …
Wall St losses limited as Amazon gains on bullish Cyber Monday Read More »
NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …
Global oil market signals near-term weakness ahead of EU embargo on Russian oil Read More »
Nov 28 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. The Purchasing Managers’ Index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people are taking to the streets …
Morning auction: the Chinese crisis is preparing Read More »
WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …
Chevron can resume a key role in Venezuela’s oil production and exports Read More »
FTX unit purchased 7 condos in upscale resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 million vacation home Bankman and Fried tell Reuters: Seeking to return the deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and top executives of the failed cryptocurrency exchange have purchased at …
Exclusive: Bankman-Fried’s FTX Parents Bought Bahamian Property Worth $121M Read More »
Measures support vulnerable families at the income threshold of 25,200 euros Threshold for middle-class customers set at 29,400 euros Measures include extending loan repayments for up to 7 years The actions also provide for grace periods and a freeze on repayments Plan to be finalized on Tuesday after discussions with the banks MADRID, Nov 21 …
Spain to approve mortgage support for over a million households Read More »
Kaabi says discussions with other Chinese and European buyers are ongoing Says buyers can take up to 5% stake in expansion Agreement indicates importance of long-term secure supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG deal so far, …
Qatar signs 27-year deal with China as LNG competition intensifies Read More »
