By Promit Mukherjee JOHANNESBURG (Reuters) – The Africa head of Ford Motor Co said the South African government must deliver policy certainty on electric vehicles (EVs) within six months to save its automotive industry. Three quarters of cars produced …
U.S. regulator warns of pump-and-dump IPOs, many from China
By Echo Wang NEW YORK (Reuters) – The U.S. Financial Industry Regulatory Authority (FINRA) warned on Thursday it was seeing a number of small initial public offerings (IPOs), including many from China, which constituted pump-and-dump schemes that inves…
Bankrupt FTX’s new CEO outlines fund abuses, untrustworthy records
(Reuters) -The executive hired to steer FTX Group through bankruptcy offered his first findings of improper fund transfers and poor accounting at the collapsed crypto exchange on Thursday, describing it as a “complete failure” of controls. John Ray, wh…
EU secures deal on satellite internet system
BRUSSELS (Reuters) – The European Union has reached a deal on a 6-billion-euro ($6.2 billion) satellite internet system, driven by the bloc’s push to boost its own space and communications sectors and ensure security by cutting its reliance on foreign …
Russian missiles pound Ukraine power supply, fighting rages in east
By Dan Peleschuk and Max Hunder KYIV (Reuters) – Missiles rained down on Ukrainian energy facilities on Thursday, as Russian forces stepped up attacks in eastern Ukraine, reinforced by troops pulled from Kherson city in the south which Kyiv recaptured …
Pelosi to step down from U.S. House leadership, remain in Congress
By Richard Cowan WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi, the first woman to hold that powerful post, said on Thursday she will step down as the chamber’s Democratic leader as her allies prepared a passing of the torch…
Big Pharma may have to reveal government deals in WHO’s draft pandemic rules
By Jennifer Rigby and Emma Farge LONDON (Reuters) – Pharmaceutical companies could be made to disclose prices and deals agreed for any products they make to fight future pandemics, under new rules being drawn up by the World Health Organization and rev…
Greek court acquits activists over 2021 protest against Beijing Olympics
ATHENS (Reuters) – A Greek court has acquitted three activists detained in October 2021 after unfurling banners at the Athens Acropolis opposing the Beijing 2022 Winter Olympics, their lawyer and activists said on Thursday. Those acquitted were 19-year…
Spain’s steely roller derby skaters championing inclusivity in sport
By Horaci Garcia BARCELONA (Reuters) – Boasting names like “Femina Morte” and “Mad, Mad Chica,” the skaters of Barcelona’s Steel Groin (Ingles de Acero) roller derby team are as tough as their names sound. The fast-paced, full-contact sport played on q…
OBR sees UK GDP falling 2% in over a year of recession
LONDON (Reuters) – Britain’s economy will shrink by 2% in a recession that started during the previous quarter and is on track to last just over a year, the Office for Budget Responsibility (OBR) forecast on Thursday after new government fiscal plans. …