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 »
A preview of the day ahead in the European and global markets of Anshuman Daga Hopes of near calm in the final weeks of 2022 are firmly dashed as rare widespread protests across China following tough coronavirus restrictions fuel risk sentiment and pulp stocks, while pushing the safe haven dollar. To make matters worse, COVID-19 …
LONDON, Nov 23 (Reuters) – The Bank of England will continue to hike interest rates to fight inflation even as Britain heads into a long albeit shallow recession as consumers face a prolonged crisis in the cost of living, according to a Reuters poll of economists. . Finance Minister Jeremy Hunt announced more pain in …
A preview of the day ahead in the European and global markets of Anshuman Daga: A national spike in COVID-19 cases in China is again the main talking point for weary global markets on Tuesday as Beijing closed parks and museums and more cities resumed mass testing. Analysts are pushing back growth expectations for the …
LONDON, Nov 21 (Reuters) – The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world into the regulatory framework, the Deputy Governor of the Bank of England said on Monday. Jon Cunliffe. FTX, which filed for protection in the US bankruptcy court, said it owed its 50 biggest creditors nearly $3.1 …
FTX Collapse Shows Need for Crypto Regulation, Says Bank of England Read More »
Nov 21 (Reuters) – Brazil’s President-elect Luiz Inacio Lula da Silva is to begin talks with candidates for the leadership of oil firm Petrobras this week, sources familiar with the talks said, kicking off a difficult few months for the state-controlled company. Lula, who takes office on January 1, has already announced plans for a …
Lula to begin job interviews for Petrobras overhaul Read More »
SINGAPORE, Nov 21 (Reuters) – The U.S. dollar was firmly higher against major currencies on Monday, while the Chinese yuan fell as sentiment soured on rising COVID cases and tighter restrictions in some cities of the world’s second largest economy. China’s capital, Beijing, reported two deaths on November 20, with the city’s most populous district …
Dollar gains as China COVID concerns spur safe-haven buying Read More »
LONDON, Nov 21 (Reuters) – European traders are racing to fill tanks in the region with Russian diesel ahead of the start of an EU ban in February as alternative sources remain limited. The European Union will ban imports of Russian petroleum products, on which it depends heavily for its diesel, by February 5. This …
Europe rushes to fill up on Russian diesel before ban begins Read More »
Market structures suggest easing supply concerns Brent and WTI post their second consecutive weekly losses Fed interest rate signals dampen sentiment Chinese demand and COVID cases in brief NEW YORK, Nov 18 (Reuters) – Oil fell about 2% on Friday, posting a second weekly decline, on concerns over weakening demand in China and further U.S. …
Oil slides 2%, posts second weekly decline as supply fears fade Read More »
