Sri Lanka’s ousted president seeks entry to Thailand after weeks in Singapore

Sri Lanka’s ousted president seeks entry to Thailand after weeks in Singapore

More than eight months before an economic crisis and mass protests forced him to flee Sri Lanka, President Gotabaya Rajapaksa delivered his national statement at the World Leaders Summit at the United Nations Climate Change Conference ( COP26) in Glasgow, Scotland, Britain on November 1, 2021 Andy Buchanan/Pool via REUTERS/File Photo Join now for FREE … Read more

Japanese PM shakes up cabinet as anger grows over Unification Church ties

Japanese PM shakes up cabinet as anger grows over Unification Church ties

Voters’ support plummets over party’s ties to church Upheaval comes sooner than analysts expected The Church defends its right to participate in politics Kishida has only chosen ministers who will ‘review’ ties with the group TOKYO, Aug 10 (Reuters) – Japanese Prime Minister Fumio Kishida shuffled his cabinet on Wednesday as he battled growing public … Read more

U.S. productivity registers largest annual decline ever in second quarter

U.S. productivity registers largest annual decline ever in second quarter

Aug 9 (Reuters) – U.S. worker productivity in the second quarter fell at its fastest annual pace since 1948, when the Labor Department began tracking it, while growth in unit labor costs accelerated, suggesting that strong wage pressures will continue to help maintain inflation. raised. Nonfarm productivity, which measures hourly output per worker, fell 2.5% … Read more

Ukraine announces 11 dead overnight, Britain reports new Russian force

Ukraine announces 11 dead overnight, Britain reports new Russian force

Ukraine announces 11 dead in central Dnipropetrovsk region Britain says almost certain of new Russian ground force Explosions at a Russian military base in Crimea Fears of a bombardment near the Zaporizhzhia nuclear power plant Victims of mass burials shot and tortured, says Ukraine Aug 10 (Reuters) – Russian shelling killed 11 people in Ukraine’s … Read more

China’s factory inflation hits 17-month low, consumer prices accelerate

China’s factory inflation hits 17-month low, consumer prices accelerate

A worker walks past rolls of steel at the Chongqing Iron and Steel Factory in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Join now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since February 2021 July consumer inflation at a 2-year high PBOC should remain dovish to boost growth … Read more

Musk sells Tesla shares worth $6.9 billion, cites possibility of forced deal on Twitter

Musk sells Tesla shares worth .9 billion, cites possibility of forced deal on Twitter

Tesla CEO Elon Musk attends the groundbreaking ceremony for the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds … Read more

Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

A representation of the cryptocurrency is seen in front of the Coinbase logo in this illustration taken March 4, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Coinbase Global Inc (COIN.O) reported a bigger-than-expected quarterly loss as investors worried about the rout of risky assets this year … Read more

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron stumbles on lower revenue forecasts Semiconductor stocks drop for third session Novavax plummets after halving revenue NEW YORK, Aug 9 (Reuters) – The Nasdaq closed on Tuesday after a dismal forecast from Micron Technology dragged chipmakers and tech stocks lower as investors await inflation data in the United States that could lead the Federal … Read more

Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more

Oil up as Russian pipeline shutdown reignites fears of supply constraints

Oil up as Russian pipeline shutdown reignites fears of supply constraints

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register Russia’s oil exports halted via southern section of Druzhba pipeline EU proposes ‘final’ text to resuscitate Iran nuclear deal Dollar … Read more