Morning Offering: China Rise, Rates Shift, Crypto Crisis

Morning Offering: China Rise, Rates Shift, Crypto Crisis

LONDON, November 29 – A look at the day ahead in the US and global markets from Mike Dolan. While Beijing’s moves to defuse tensions over its handling of COVID-19 have stabilized local and world markets, Western central bankers have received far less relief and angst about the global recession persists. Chinese stocks and the … Read more

Binance CEO Zhao says don’t fight cryptocurrencies, regulate them

Binance CEO Zhao says don't fight cryptocurrencies, regulate them

ATHENS, Nov 25 (Reuters) – Binance CEO Changpeng Zhao said on Friday that regulation rather than opposition of the cryptocurrency industry is a better option for world governments as digital currencies become more mainstream. . Cryptocurrency regulation has come under fire following the collapse of several platforms, which culminated in the crash of the FTX … Read more

Mobile operator Veon to sell Russian assets worth around $2 billion

Mobile operator Veon to sell Russian assets worth around $2 billion

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 24 (Reuters) – Amsterdam-listed mobile operator Veon (VON.AS) said on Thursday it would sell its Russian business, Vimpelcom, to senior members of its management team, led by CEO Aleksander Torbakhov, to 130 billion rubles ($2.15 billion). … Read more

Tesla electric vehicles ranked among the worst in Consumer Reports’ annual reliability survey

Tesla electric vehicles ranked among the worst in Consumer Reports' annual reliability survey

Nov 15 (Reuters) – (This Nov. 15 story corrects the headline to say Tesla electric vehicles are ranked “among the worst,” not “the worst.” The story was previously corrected to remove the Mercedes reference in the headline and in paragraph 1, full-size choice- trucks in paragraph 1) Electric vehicles (EVs) from Tesla Inc (TSLA.O) and … Read more

The collapse of the FTX is under scrutiny by investigators in the Bahamas

The collapse of the FTX is under scrutiny by investigators in the Bahamas

Nov 13 (Reuters) – The collapse of FTX is being scrutinized by investigators in the Bahamas, who are looking into whether “criminal drills have occurred,” the Royal Bahamas Police said Sunday. FTX filed for bankruptcy on Friday, one of the highest-profile crypto blasts, after traders rushed to withdraw $ 6 billion from the platform in … Read more

Thales confirms that the hackers released his data on the dark web

Thales confirms that the hackers released his data on the dark web

Nov 11 (Reuters) – French defense and technology group Thales (TCFP.PA) said on Friday that the group’s data was released on hacker group LockBit 3.0’s “publishing platform”, confirming media reports. The data was released on November 10, said Thales, which provides advanced technologies in defense, aeronautics, space, transportation and digital security. “At this stage, Thales … Read more

Revenue from mobile phone provider Veon increased 3.6% in the third quarter

Revenue from mobile phone provider Veon increased 3.6% in the third quarter

Nov 3 (Reuters) – Amsterdam-listed telecom operator Veon (VON.AS) posted a 3.6% year-on-year increase in third-quarter revenue on Thursday as its 4G penetration and strategy digital operator continued to generate growth despite geopolitical challenges. Veon, which on Wednesday said it wanted to sell its Russian assets, posted revenues of $ 2.08 billion in the three … Read more