FTX sues ex-Clinton aide’s investment firm for $700 million

FTX sues ex-Clinton aide’s investment firm for 0 million

NEW YORK, June 22 (Reuters) – (This story from June 22 has been reposted to correct spelling of “Hillary” in paragraph 1) Bankrupt crypto exchange FTX on Thursday sued a former aide to Hillary Clinton and the former aide’s investment firm, seeking to recover $700 million in investments allegedly made with embezzled FTX funds. FTX … Read more

UK’s stubborn inflation fails to come down, mounting pressure on BoE

UK’s stubborn inflation fails to come down, mounting pressure on BoE

UK CPI steady at 8.7% in May vs. expected drop to 8.4% Core inflation hits its highest level since 1992 at 7.1% Markets step up bets on Bank of England rate hike Finance minister says government ‘will stick to its guns’ LONDON, June 21 (Reuters) – Britain’s inflation defied forecasts of a slowdown and held … Read more

Wall St falls as Fed concerns weigh; Tesla goes up

Wall St falls as Fed concerns weigh;  Tesla goes up

Adobe falls as EU regulators investigate Figma deal Dice Therapeutics jumps on the Eli Lilly case Nike slips on inventory issues Indices down: Dow 0.66%, S&P 0.51%, Nasdaq 0.30% June 20 (Reuters) – Major Wall Street indexes fell on Tuesday as better-than-expected housing data stoked concerns over further interest rate hikes by the U.S. Federal … Read more

Lab crisis: British science has nowhere to go

Lab crisis: British science has nowhere to go

OXFORD, England, June 20 (Reuters) – For Ros Deegan, the excitement of raising $100 million to develop a biotech company among Oxford’s dream spiers has quickly dampened: unable to find a bigger lab , she regularly had to work from home. Not far away, in the rival university center of Cambridge, biochemist Catherine Elton, constantly … Read more

New Zealand abandon friendly against Qatar amid racism allegations

New Zealand abandon friendly against Qatar amid racism allegations

June 19 (Reuters) – New Zealand refused to report for the second half of a friendly against Qatar in Austria on Monday after New Zealand said a Qatari player had qualified the defender for All Whites Michael Boxall of racial epithet. It was one of two such incidents in Austria on Monday, with the Irish … Read more

The Paris Air Show takes off with a record contract for 500 Airbus aircraft

The Paris Air Show takes off with a record contract for 500 Airbus aircraft

(1/2) A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th Paris International Air Show at Le Bourget airport near Paris, France, June 19, 2023. REUTERS / Benoit Tessier IndiGo signs deal for 500 Airbus planes Jet makers face supply challenges to … Read more

Berlin, Intel reach chip factory deal after months of subsidy talks

Berlin, Intel reach chip factory deal after months of subsidy talks

Intel to receive 10 billion euros in subsidies from Germany – source Decision highlights Berlin’s efforts to attract foreign investment Intel shares -0.7% in Frankfurt BERLIN/STOCKHOLM, June 19 (Reuters) – Germany will give U.S. chipmaker Intel 10 billion euros ($10.91 billion) in subsidies for its planned plant in Magdeburg, a source familiar with the matter … Read more

Asian stocks pause rally, eye China stimulus, Powell testimony

Asian stocks pause rally, eye China stimulus, Powell testimony

Nikkei slips, yen at 7-month low after BOJ meeting China expected to cut rates after disappointing growth US closed for holidays, awaiting Powell testimonies BOE set to hike rates 25 basis points on Thursday, oil crashes SYDNEY, June 19 (Reuters) – Asian stocks started cautiously on Monday after their best weekly run in five months, … Read more

U.S. subsidiary of crypto giant Binance lays off staff after SEC charges

U.S. subsidiary of crypto giant Binance lays off staff after SEC charges

LONDON, June 15 (Reuters) – The U.S. subsidiary of crypto giant Binance has made a series of layoffs since regulators accused it last week of breaking securities laws and sought to freeze its assets, said two people with knowledge of the layoffs and employees. social media posts. One of the sources said around 50 people … Read more

Intel to invest $4.6 billion in new chip factory in Poland

Intel to invest .6 billion in new chip factory in Poland

Ease of employing 2,000 workers Poland ‘a bit hungrier’ than rivals – CEO No details of grants awarded WROCLAW, Poland/STOCKHOLM, June 16 (Reuters) – Intel (INTC.O) plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland. Poland, as part of a multi-billion dollar investment campaign across Europe … Read more