Troubled British Economy Leads to Jubilee Crisis, But Recession Looms

Bank holidays marking the Queen’s Celebration affected UK GDP in June Production fell 0.6% in June versus expectations for a 1.3% decline. UK’s Zahawi says data shows resilience, economists see stagnation LONDON (Reuters) – Britain’s economy contracted less than expected in June, when public holidays were expected to take a heavy toll, even as sectors … Read more

Rights groups demand Biden negotiate for release of WNBA star Greiner

US teammate Britney Grenier congratulates her teammate during the women’s basketball gold medal game against Japan at the Tokyo 2020 Summer Olympics at Saitama Super Arena in Saitama, Japan, August 8, 2021. REUTERS/Brian Snyder Register now to get free unlimited access to Reuters.com Register June 22 (Reuters) – A coalition of human rights groups on … Read more

Five Chinese state-owned companies should be delisted from the New York Stock Exchange

SHANGHAI/HONG KONG (Reuters) – Five Chinese state-owned companies including China Life Insurance Co. (601628.SS) And the giant oil company Sinopec (600028.SS) On Friday, he said they would remove their names from the New York Stock Exchange, amid rising diplomatic and economic tensions with the United States. Companies that also include China Aluminum Corporation (Shalco) (601600.SS)PetroChina … Read more

South Korea’s Yoon pardons Jay Y Lee from Samsung over the ‘economic crisis’

A descendant of Samsung spent 18 months in prison for bribery South Korea says leaders need help to overcome economic crisis Samsung may increase investment with pardon the analysts SEOUL (Reuters) – South Korean President Yoon Seok-yeol has pardoned Samsung Electronics. (005930.KS) Vice Chairman Jay Y. Lee on Friday, with the South Korean Ministry of … Read more

Robinhood must face US market manipulation lawsuits over ‘meme stock’ surge, according to judge’s rules

Robinhood Markets, Inc.’s logo appears. At a pop-up event on Wall Street after the company’s initial public offering in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now to get free unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) It must face claims of market … Read more

US gasoline prices fall below $4 for the first time since March

Decreased demand for gasoline in the summer Low-income families spend less with lower prices The US retail price hit a record high in June (Reuters) – The average retail price of gasoline in the United States fell below $4 a gallon on Thursday for the first time in months, giving some relief to drivers in … Read more

Disney beats Netflix in streaming subscribers, sets higher prices

A smartphone screen showing the “Disney +” logo in front of the phrase “The Streaming Service” in this illustration taken on March 24, 2020. REUTERS / Dado Ruvic Register now to get free unlimited access to Reuters.com Register Los Angeles (Reuters) – The Walt Disney Company (DIS.N) Beat Netflix Inc (NFLX.O) With a total of … Read more

Factory inflation in China hits 17-month low, consumer prices accelerate

A worker walks in front of steel coils at the Chongqing Iron and Steel Plant in Changshu, Chongqing, China, August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now to get free unlimited access to Reuters.com Register Producer inflation in July at its lowest level since February 2021 Consumer price inflation in July at its highest level … Read more

Oil rises as Russian pipeline halt revives supply fears

A poster with crude oil written on the side of a storage tank in the Permian Basin in Menton, Loving County, Texas, United States, November 22, 2019. REUTERS/Angus Mordant Register now to get free unlimited access to Reuters.com Register Russian oil exports through the southern part of the Druzhba pipeline have stopped The European Union … Read more

Cryptoverse: Blockchain Bridges Fall into Troubled Water

Representations of cryptocurrency Bitcoin, Ethereum and Dash sinking into water in this illustration taken on May 23, 2022. REUTERS / Dado Ruvic / Illustration Register now to get free unlimited access to Reuters.com Register August 9 (Reuters) – Another day, another hack and another blockchain bridge burns out. When thieves stole an estimated $190 million … Read more