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Economy

FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

BY Reuters  • January 30, 2023January 30, 2023
By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried on Saturday urged a U.S. judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagu[...]
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Business Economy Newsletter Technology Top News Updated US

China, U.S. spar at WTO meeting over disputes

BY Reuters  • January 27, 2023January 27, 2023
By Emma Farge GENEVA (Reuters) -China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully”[...]
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Economy Newsletter Updated

Musk says his SpaceX shares could have also helped fund taking Tesla private

BY Reuters  • January 24, 2023January 24, 2023
By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) -Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla[...]
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Business Economy Newsletter Top News Updated US

Netflix’s ability to churn out hits gives it an edge over rivals

BY Reuters  • January 20, 2023January 20, 2023
(Reuters) -Netflix Inc’s steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, analysts said, after the fir[...]
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Business Economy Newsletter Technology Updated US

Oil prices rally to highest close since Dec. 1 on China optimism

BY Reuters  • January 19, 2023January 19, 2023
By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% higher on Thursday, extending a recent rally built around rising Chinese demand, while the market wrote off a second straight week of large bu[...]
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Business Economy Europe Middle East Newsletter UK Updated US

Hertz to offer 25,000 EV rentals to Uber drivers in Europe

BY Reuters  • January 17, 2023January 17, 2023
By Nick Carey LONDON (Reuters) – Car rental firm Hertz will make up to 25,000 electric vehicles (EVs) available to rent to drivers of ride-hailing company Uber in European capitals by 2025, the[...]
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Business Economy Newsletter US

Amazon workers’ union victory upheld by U.S. labor board director

BY Reuters  • January 12, 2023January 12, 2023
By Jeffrey Dastin (Reuters) -A U.S. labor board director has upheld Amazon.com Inc workers’ landmark union victory at a warehouse in New York, according to a decision issued Wednesday, bringing[...]
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Business Economy Newsletter Top News Updated US

Logitech shares sink as it cuts sales outlook after weak quarter

BY Reuters  • January 12, 2023January 12, 2023
ZURICH (Reuters) -Logitech International on Thursday reported lower earnings and sales between October and December and cut its sales outlook, sending its shares down by almost a fifth in opening trad[...]
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Business Economy Europe Newsletter Technology Updated

Environment risks dominate in “polycrisis” world – WEF survey

BY Reuters  • January 11, 2023January 11, 2023
By Mark John (Reuters) – Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum (WEF) surve[...]
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