Dollar gains, stocks retreat as inflation jitters return

Dollar gains, stocks retreat as inflation jitters return

NEW YORK/LONDON, May 18 (Reuters) – The dollar strengthened and global stocks retreated on Wednesday as concerns about economic growth and rising inflation soured sentiment, underscored by a 9% surge in British consumer prices and a greater-than-expected price acceleration in Canada. British inflation surged to its highest annual rate since 1982 as energy bills soared, … Read more

UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion

UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion

The Vodafone logo is seen at the Mobile World Congress in Barcelona, ​​Spain, February 28, 2018. REUTERS/Sergio Perez/File Photo Register now for FREE unlimited access to Reuters.com Register DUBAI/LONDON, May 14 (Reuters) – United Arab Emirates-based telecoms company e& (ETISALAT.AD) has bought a 9.8% stake in Vodafone (VOD.L) for $4.4 billion, days after saying it … Read more

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Bitcoin hits intra-day high above $30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG/LONDON/NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin. Crypto assets have been … Read more

Stocks suffer renewed slide on growth fears, dollar extends rally

Stocks suffer renewed slide on growth fears, dollar extends rally

LONDON, May 9 (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which US stocks … Read more

Global scramble for metals thrusts Africa into mining spotlight

Global scramble for metals thrusts Africa into mining spotlight

A truck exits the mine after collecting ore from 516 meters below the surface at the Chibuluma copper mine in the Zambian copperbelt region. REUTERS/Rogan Ward Register now for FREE unlimited access to Reuters.com Register JOHANNESBURG, May 8 (Reuters) – The need to secure new sources of metals for the energy transition amid sanctions on … Read more

Sixty feared dead in Ukraine school bombed by Russia, governor says

Sixty feared dead in Ukraine school bombed by Russia, governor says

Luhansk governor says Russia bombed school sheltering 90 Trapped civilians evacuated from Mariupol’s Azovstal plant G7 leaders to talk with Zelenskiy in show of unity KYIV, May 8 (Reuters) – As many as 60 people were feared to have been killed in the Russian bombing of a village school in the eastern Ukrainian region of … Read more

Explainer: Will Russia use nuclear weapons?

Explainer: Will Russia use nuclear weapons?

May 6 (Reuters) – At the start of Russia’s invasion of Ukraine, Russian President Vladimir Putin obliquely raised the possibility of a nuclear strike against anyone who intervened in the conflict. Below are some of the key issues surrounding the possibility – viewed as remote by many analysts and Western diplomats – that Putin might … Read more

Shell posts record quarterly profit, lifted by energy price surge

Shell posts record quarterly profit, lifted by energy price surge

Shell adjust earnings hits $9.1 billion Results boosted by strong oil and gas trading Retains some exposure to Russia LONDON, May 5 (Reuters) – Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division. The … Read more

Russian strikes pound Ukraine on eve of new EU sanctions

Russian strikes pound Ukraine on eve of new EU sanctions

Russians attack east, target rails, electric grid elsewhere First evacuees from steel plant reach Ukraine-held city West pledges weapons heavier to boost Ukraine defenses Biden urges Congress to approve aid ZAPORIZHZHIA, Ukraine, May 3 (Reuters) – Russian forces pounded targets in eastern Ukraine on Tuesday, unleashing rockets on a steel plant that is Ukraine’s last … Read more

US relieved as China appears to heed warnings on Russia

US relieved as China appears to heed warnings on Russia

Russian President Vladimir Putin attends a meeting with Chinese President Xi Jinping in Beijing, China February 4, 2022. Sputnik/Aleksey Druzhinin/Kremlin via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 3 (Reuters) – Two months after warning that Beijing appeared poised to help Russia in its fight against Ukraine, senior US … Read more