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 crash threatens North Korea’s stolen funds as it ramps up weapons tests

Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a … 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

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

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

Stocks rise, US yields slip as markets await Fed rate hike

Stocks rise, US yields slip as markets await Fed rate hike

NEW YORK/MILAN, May 3 (Reuters) – A gauge of global equity markets edged higher on Tuesday while 10-year US Treasury yields slide from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, data showed US … 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

Twitter set to accept Musk’s $43 billion offer

Twitter set to accept Musk's $43 billion offer

Elon Musk’s twitter account is seen through the Twitter logo in this illustration taken, April 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 25 (Reuters) – Twitter Inc (TWTR.N) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the … Read more

Wall St ends lower as investors await further earnings cues

Wall St ends lower as investors await further earnings cues

Bank of America boosts S&P 500 Twitter gains after adopting ‘poison pill’ Didi to meet on US delisting plans, shares plunge Indexes down: Dow 0.11%, S&P 0.02%, Nasdaq 0.14% April 18 (Reuters) – US stocks closed lower on Monday after a session which saw all three benchmarks slip between positive and negative territory, as investors … Read more

Shanghai factories sputter towards reopening as city aims to ease lockdown

Shanghai factories sputter towards reopening as city aims to ease lockdown

SHANGHAI, April 18 (Reuters) – Manufacturers including Tesla (TSLA.O) began preparing on Monday to reopen their Shanghai plants as China’s most populous city speeds up efforts to get back to normal after a nearly three-week COVID shutdown. Still, most workers will have to live onsite, and there was no immediate word how factories will deal … Read more