Author: Press Room
By Kate Abnett BRUSSELS (Reuters) – The U.S. and EU pledged on Tuesday to confront any attempts to destabilise global energy markets, after meeting in Brussels to discuss the impact of Russia’s invasion of Ukraine. Cooperation on energy between the United States and the European Union has intensified since Russia slashed gas deliveries to Europe after its invasion of Ukraine last year. This plunged the continent into a crisis over energy supplies and record-high prices. European politicians have accused Russia of “weaponising” its energy supplies and the U.S. and EU have imposed sanctions on Russian goods including coal and oil,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries about a banking crisis revived investors’ appetite for riskier currencies. Investors took solace from First Citizens BancShares’ agreement to buy all of failed lender Silicon Valley Bank’s deposits and loans, and the fact that no further cracks have emerged in global banking in recent sessions. The , which measures the currency against six rivals, was 0.31% lower on the day at 102.43, inching closer to the near seven-week low of 101.91 touched on…
By Lindsay (NYSE:) Dunsmuir (Reuters) -The Federal Reserve should stick to raising interest rates to lower inflation while the labor market remains strong, given the high probability recent financial stresses will continue to abate and absent a marked tightening of credit conditions, St. Louis Fed President James Bullard said on Thursday. “We’ve got a long ways to go and I think inflation is going to be sticky going forward, it’s going to be difficult to get inflation back down to the 2% target … so we are going to have to stay at it in order to apply pressure to…
For the past year, it’s been harder and more expensive for Russians to travel abroad.But some say that’s only the beginning of their concerns.With anti-Russian sentiment on the rise, several Russian citizens spoke to CNBC Travel about their worries, how they’re treated when they travel, and what goes through their minds when people ask where they are from.How traveling has changed for RussiansJulia Azarova, an independent journalist, said she left Russia a year ago. She said she fled Moscow for Istanbul after the invasion of Ukraine, before eventually settling in Lithuania.”I had to leave my own country” or risk imprisonment,…
DUBAI, United Arab Emirates — Uber-owned ride hailing service Careem announced on Monday a spinout with major backing from a new source, as well as from its parent company.Abu Dhabi-based tech holding company e&, formerly Etisalat, signed a binding agreement with Uber Technologies to acquire a 50.03% majority stake in the spinout — which will be known as Careem Technologies — with a $400 million investment.Careem’s ride-hailing business remains fully owned by Uber, which acquired it for $3.1 billion in 2019. Uber’s stake in the spinout is currently undisclosed.Careem Technologies will focus on the growth of the company’s “super app,”…
Fox News has settled a defamation lawsuit from a Venezuelan businessman who had accused the network of making false claims about him and the 2020 election, attorneys for the man and Fox News said Saturday in a court filing. The details of the settlement were not made public. “This matter has been resolved amicably by both sides,” a Fox News spokesperson said Sunday, declining further comment. Following the 2020 election, former Fox Business host Lou Dobbs had accused the businessman, Majed Khalil, of playing a key role in supposedly rigging the election against Donald Trump. In a tweet calling the…
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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.The cryptocurrency market has been evolving rapidly in recent years. There are now numerous new projects emerging and established players vying for dominance. Among the countless tokens, Cardano (ADA), Polygon (MATIC), and RenQ Finance (RENQ) have emerged as the top contenders for future crypto leaders. Read on to find out why?Cardano (ADA) – The Smart Contract PlatformCardano (ADA) is a third-generation blockchain platform that aims to provide a more efficient and secure infrastructure for decentralized applications (dApps). Cardano (ADA) is the native token of the Cardano (ADA)…
Fintechs have made it easier and faster to bank, invest, and make payments. But recent reports have called into question fintech’s role in facilitating fraud via that ease. Insider spoke with eight experts, analysts, and VCs about fintech’s messy relationship with fraud. A report from a short-seller alleging fraud on Cash App, a personal finance app that’s part of Jack Dorsey’s fintech giant Block, highlights concerns some have about the wider industry.Block has vehemently denied the allegations, and some experts question the validity of the report. Still, industry insiders are concerned that the speed and accessibility these digital-native companies offer…
The brand revealed details about the Ram 1500 REV, its battery-powered pickup truck that’s going into production in 2024. It showed off the truck at the New York International Auto Show this week, where we got an early glimpse at the F-150 Lightning (and eventual Tesla Cybertruck) competitor. The longest-range Tesla travels 405 miles on a charge, while the top offering from startup Lucid Motors, the current range king, has an EPA rating of 520 miles. All the electric pickups on roads today — the F-150 Lighting, Rivian R1T, and GMC Hummer EV — offer a bit over 300 miles.…
