Tag: GEN

US inflation roller coaster prompts fresh look at long-ignored money supply

NEW YORK, Jan 26 (Reuters) – The amount of money sloshing around the US economy shrank last year for the first time on record, a development that some economists believe bolsters the case for US inflation pressures continuing to abate. The Federal Reserve’s main measure of the nation’s money stock – known as M2 money …

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EU wants to cut red tape, costs to spur rollout of 5G – document

BRUSSELS, Jan 24 (Reuters) – The European Commission wants to cut red tape and costs to help Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telecom Italia (TLIT.MI) and other telecoms operators roll out fast- speed 5G, according to a Commission document seen by Reuters. The EU executive, which wants all Europeans to have access to gigabit connectivity …

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Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells

Jan 24 (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it would invest more than $3.6 billion to expand its Nevada Gigafactory complex with two new factories, one to mass produce its long-delayed Semi electric truck and the other to make its new 4680 battery cell. The cell plant would be able to make enough …

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Strong clan loyalty, locals, helped mafia boss Messina Denaro stay hidden

The Mafia’s last godfather enjoyed unusually strong loyalty Omerta code of silence also helped boss stay hidden ‘Last godfather’ Messina Denaro was living near his mother PALERMO, Italy, Jan 25 (Reuters) – When Salvatore Catalano discovered that mafia boss Matteo Messina Denaro had lived just a short walk from his house in the western Sicilian …

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Rogers’ bid for Shaw gets boost after court rejects antitrust effort to block deal

TORONTO, Jan 24 (Reuters) – A Canadian court on Tuesday dismissed the competition bureau’s effort to block Rogers Communications Inc’s ( RCIb.TO ) C$20 billion ($14.9 billion) bid to buy Shaw Communications Inc ( SJRb.TO ), in a boost to the companies’ efforts to close a deal struck nearly two years ago. “It would be …

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US FDA proposes shift to annual COVID vaccine shots

Jan 23 (Reuters) – The US health regulator on Monday proposed one dose of the latest updated COVID-19 shot annually for healthy adults, similar to the influenza immunization campaign, as it aims to simplify the country’s COVID-vaccine strategy. The US Food and Drug Administration also asked its panel of external advisers to consider the usage …

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Feds seized nearly $700 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, …

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US home sales slump to 12-year low; Glimmers of Hope Emerging

Existing home sales drop 1.5% in December Sales fall 17.8% in 2022, sharpest annual decline since 2008 Median house price rises 2.3% from year ago WASHINGTON, Jan 20 (Reuters) – US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be …

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Indian startups join as Android ruling against Google upheld

NEW DELHI, Jan 20 (Reuters) – Startups in India cheered a decision by the Supreme Court on Thursday to uphold an antitrust order that forces Google to change how it runs its popular Android platform, saying the ruling would open the market for rivals and boost competition. The Competition Commission of India (CCI) ordered Google …

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China’s video game makers come in from the cold as crackdown eases

HONG KONG, Jan 20 (Reuters) – China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Beijing’s tough curbs in 2021 laid waste to the once-booming …

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