Russia seizes control of Sakhalin gas project, raises stakes with West

Russia seizes control of Sakhalin gas project, raises stakes with West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening Western sanctions Move raises risks for Western firms still in Russia Shell was already in talks to sell up Sakhalin stake TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with the West and its … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

US gasoline average price tops $5 per gallon in historic first

US gasoline average price tops $5 per gallon in historic first

June 11 (Reuters) – The price of US gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 … Read more

Cryptoverse: The early birds betting bitcoin’s bottoming out

Cryptoverse: The early birds betting bitcoin's bottoming out

June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw are emerging. Some investors are now betting that bitcoin is bottoming out, judging by the money heading into listed cryptocurrency funds, which represent just a slice of the market yet are popular among institutional and retail players alike. … Read more

Exclusive: Elon Musk wants to cut 10% of Tesla jobs

Exclusive: Elon Musk wants to cut 10% of Tesla jobs

Tesla employed around 100,000 people at end of 2021 Musk warned staff on Tuesday to return to office or leave US executives sounding increasingly gloomy about economy SAN FRANCISCO, June 3 (Reuters) – Tesla (TSLA.O) CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of staff at … Read more

Exclusive: Credit Suisse weighs options to strengthen capital

Exclusive: Credit Suisse weighs options to strengthen capital

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, May 31 (Reuters) – Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after … Read more

Musk links deal progress on proof of spam bot share on Twitter

Musk links deal progress on proof of spam bot share on Twitter

Seeks proof that spam bots account for less than 5% of users Twitter says committed to the deal at the agreed price Twitter stock trading at $36.31 compared to offer of $54.20 May 17 (Reuters) – Elon Musk said on Tuesday his $44-billion offer would not move forward until Twitter Inc (TWTR.N) shows proof that … Read more

Asia stocks struggle after say China data

Asia stocks struggle after say China data

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pares gains, S&P 500 futures turn lower Dollar … Read more

US manufacturing activity slowest in more than 1-1/2 years as workers quit

US manufacturing activity slowest in more than 1-1/2 years as workers quit

An employee works on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, US April 11, 2022. Picture taken April 11, 2022. REUTERS/Kamil Krzaczynski Register now for FREE unlimited access to Reuters.com Register ISM manufacturing index falls to 55.4 in March Manufacturers report increase in workers quitting Mixed signals on supply … Read more

In it for the long haul: Qantas bets on Sydney-London non-stop with Airbus order

In it for the long haul: Qantas bets on Sydney-London non-stop with Airbus order

Orders 12 Airbus ultra-long haul A350-1000 planes Direct commercial Sydney-London flight to start late in 2025 20-hour trip to be the world’s longest non-stop flight Orders 20 A321XLRs and 20 A220s to renew domestic fleet Overall Airbus deal could be worth more than $4 bln – Barrenjoey SYDNEY, May 2 (Reuters) – Qantas Airways (QAN.AX) … Read more