By Alun John and Elizabeth Howcroft (Reuters) -Crypto lender Genesis Global Capital suspended redemptions on Wednesday citing the failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action, as its sudden …
EU and four member countries to provide over 1 billion euros for climate adaptation in Africa -official
SHARM EL-SHEIKH, Egypt (Reuters) – EU climate policy chief Frans Timmermans told the COP27 summit in Sharm El-Sheikh on Wednesday the bloc and four member countries will provide over 1 billion euros for climate adaptation in Africa. He added the four m…
Bank of England’s Bailey speaks to lawmakers
LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers in parliament on Wednesday, two weeks after the BoE raised interest rates by the most since 1989 to tackle inflation. Bel…
BoE’s Bailey locks horns with government on regulation veto powers
LONDON (Reuters) – Bank of England Governor Andrew Bailey criticised a plan being considered by Britain’s government to give itself veto powers over post-Brexit financial rules written by independent watchdogs, including the British central bank. “Part…
Putin calls for price controls as Russian car sales crash to record low
MOSCOW (Reuters) – President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million for the first time since records began. Auto sa…
Mr Kipling maker Premier Foods posts rise in half-year adjusted profit
(Reuters) – Premier Foods reported a rise in half-yearly adjusted profit on Wednesday on strong demand for its cakes and grocery products. The maker of Mr Kipling cakes and OXO cubes said adjusted profit before tax rose nearly 12% to 47 million pounds …
NASA’s Artemis moon rocket’s main fuel tanks filled for debut launch
By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) -Ground teams at Kennedy Space Center on Tuesday filled the main fuel tanks of NASA’s towering, next-generation moon rocket for its debut launch, a flight to kick off the U.S. space agenc…
Oil prices settle higher on Druzhba oil pipeline disruption
(Corrects to 1.4 mln bpd, not 1.1 mln bpd, in paragraph 5) By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Tuesday and settled higher after news that oil supply to Hungary via the Druzhba oil pipeline has been temporarily suspended due to a f…
SpaceX in fundraising talks at $150 billion valuation – Bloomberg News
(Reuters) – Billionaire Elon Musk’s SpaceX is in talks to raise funding in a round that would value the rocket-launch and satellite company at more than $150 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The trans…
U.S. targets production, transfer of Iranian drones to Russia in new sanctions
WASHINGTON (Reuters) – The United States on Tuesday imposed sanctions on companies it accused of being involved in the production of or transfer to Russia of Iranian drones that have been used in attacks on civilian infrastructure in Ukraine. The U.S. …