India Adani slammed by $45bn stock rout, obscuring record stock sale

India Adani slammed by bn stock rout, obscuring record stock sale

MUMBAI, Jan 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell nearly 20% on Friday as a scathing report from a U.S. short seller sparked a rout in listed companies from the conglomerate, casting doubts on how investors will respond to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani … Read more

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Musk says Tesla price cuts sparked demand, 2023 sales could reach 2 million vehicles

Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit … Read more

Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

Exclusive: Binance Moved 6 Million For Seized Crypto Exchange Bitzlato, Data Shows

LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. On Jan. 18, the Justice Department said it had charged Bitzlato … Read more

New Zealand’s Ardern bids emotional farewell on final day as Prime Minister

New Zealand’s Ardern bids emotional farewell on final day as Prime Minister

WELLINGTON, Jan 24 (Reuters) – Jacinda Ardern said a moving farewell on Tuesday on her last day as prime minister, speaking of the kindness and empathy shown to her by New Zealanders, but said she was ready to be a sister and a mother. Days after stunning the world when she announced she had ‘nothing … Read more

Cryptoverse: Bitcoin Investors Take Control

Cryptoverse: Bitcoin Investors Take Control

Jan 24 (Reuters) – Paranoid? The fall of dominoes from FTX and other crypto custodians is enough for the most confident investor to grab their bitcoin and stuff it under the mattress. In effect, holders large and small are taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital … Read more

Oil settles mixed after hitting 7-week high on bright outlook for China

Oil settles mixed after hitting 7-week high on bright outlook for China

Brent and US crude at highest since early December The G7 wants two price caps for Russian petroleum products Indian crude imports hit 5-month high in December NEW YORK, Jan 23 (Reuters) – Oil prices stabilized on Monday, falling as investors enjoyed a jump to a seven-week high on optimism about a possible recovery in … Read more

Lab-grown meat is getting closer to American plates

Lab-grown meat is getting closer to American plates

WASHINGTON, Jan 23 (Reuters) – Once the stuff of science fiction, lab-grown meat could become reality in some restaurants in the United States as early as this year. Cultured meat company executives are optimistic that meat cultured in huge steel tanks could be on the menu within months of a company getting the green light … Read more

Spotify will cut 6% of jobs, content will leave

Spotify will cut 6% of jobs, content will leave

Jan 23 (Reuters) – Spotify Technology SA said on Monday it planned to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to the massive layoffs in the technology sector. in anticipation of a possible recession. The tech industry is facing falling demand after two years … Read more

UK’s National Grid will pay people to use less energy during the cold snap

UK’s National Grid will pay people to use less energy during the cold snap

LONDON, Jan 23 (Reuters) – Britain’s National Grid (NG.L) said it would pay customers to use less electricity on Monday night and had asked for three coal-fired generators to be warmed up in case they are needed. the country is facing a cold snap. The group said it would activate a new program called Demand … Read more

Exclusive: Geely plans to turn London black cab maker into powerhouse

Exclusive: Geely plans to turn London black cab maker into powerhouse

COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a big investment to transform the maker of London’s iconic black cabs into a high-volume all-electric brand with a range of commercial and passenger vehicles, unit leaders told Reuters. London Electric Vehicle Company (LEVC) is also aiming to expand its range of services, which … Read more