By Indradip Ghosh BENGALURU (Reuters) – The European Central Bank will cut interest rates in June, according to an overwhelming number of economists in a Reuters poll, but only a tiny majority now expect cumulative cuts of 100 basis points or more in 2024. Although…
The massive cargo ship crash into Baltimore’s Francis Scott Key Bridge in Baltimore will likely lead to billions of dollars in liability claims. Marine insurance companies will be on the hook for much of the costs. With various owners and companies involved – and with some maritime laws predating even…
AUD/USD finds a temporary support near 0.6500 though downside remains favored. RBA’s high interest rates have deepened Australia’s cost of living crisis. The US Dollar retreats from a six-week high despite upwardly revised Q4 GDP estimates. The AUD/USD pair finds support slightly below the psychological support of 0.6500 in the…
In a move set to revolutionize the crypto landscape, Alchemy Pay and ZetaChain have joined forces to introduce seamless Ramp integration. This move marks a significant milestone for the world of blockchain technology. The partnership aims to enhance the overall user experience for crypto enthusiasts worldwide. Alchemy Pay announced this…
BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as price wars heat up in China’s fiercely competitive electric car market.Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for 215,900 yuan ($30,408) in…
Topline Tesla CEO Elon Musk, who has an estimated net worth of $198.1 billion, is once again the second-wealthiest person in the world and wealthiest person in the U.S. as of Tuesday, overtaking Amazon founder and chairman Jeff Bezos, who has an estimated net worth of $197.1 billion, as the…
By Maxwell Akalaare Adombila and Joe Bavier SAMREBOI, Ghana (Reuters) – Surveying…
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By Pablo Mayo Cerqueiro LONDON (Reuters) -SIX Group has ruled out making…
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China’s factories are churning out more steel, cars and solar panels than…
POLITICS
View MoreEven before most Americans woke up Tuesday morning to news of the collapse of the Francis Scott Key Bridge in Baltimore, wild conspiracy theories about what supposedly had “really” happened were running rampant online. The claims ranged from a cyber-attack or a ship captain impaired by side effects from Covid-19 vaccines being responsible for the crash – to claims that Israel, or even the Obamas had something to do with the bridge’s collapse. All of these claims are entirely baseless. Officials investigating the crash said early on that there was no indication it was a deliberate act. But that didn’t stop…
By David Thomas (Reuters) -A California state judge on Wednesday said attorney John Eastman should be stripped of his law license for his efforts to overturn the results of the…
The Biden administration is curtailing short-term health insurance plans, which it calls “junk insurance” that can leave patients contending with big medical bills. The rule, which was proposed last summer…
By Jeff Mason WASHINGTON (Reuters) – President Joe Biden will get a boost from Democratic predecessors Barack Obama and Bill Clinton on Thursday at a fundraiser in New York slated…
Markets
View MoreMeme-stock fans have boosted Trump Media & Technology Group stock by nearly 80% this week.Truth Social’s parent company is now…
Finance
View MoreMinutes before the container ship Dali collided with the Francis Scott Key Bridge in Baltimore, it radioed for help from nearby tugboats, authorities said Wednesday.The National…
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PARIS (Reuters) – France’s government is looking to shorten the period people…
Investing
Shares in JD Sports Fashion rose by mid-single digits on Thursday, after the athleisure retailer released more calming financials following January’s shock profit warning. At 123.6p per share, JD Sports’ share price was last 6.2% higher at the end of the trading week. Revenues at the FTSE 100 retailer rose…
Economy
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried is set to…
Fintech
This as-told-to essay is based on a conversation with Jarrell Chalmers, a…