Category Archives:
Hear no evil, see no evil: How Credit Suisse ignored Archegos warnings
By John O'Donnell FRANKFURT (Reuters) - Weeks before Archegos collapsed, Credit Suisse received what would turn out to be one of its final warnings from a junior analyst about the hedge fund's impendi...
Syndicated Content Jul 29, 2021
Pandemic drove online prices higher -report
By Howard Schneider WASHINGTON (Reuters) - The rush to online shopping during the pandemic drove prices higher for goods ordered over the internet, eroding a long-standing cost advantage and possible ...
Syndicated Content Jul 29, 2021
Britain’s Virgin Media 02 to upgrade network to fibre by 2028
By Paul Sandle LONDON (Reuters) - British cable and mobile provider Virgin Media O2 said it would upgrade its entire network serving 15.5 million premises to full fibre by 2028, stepping up its challe...
Syndicated Content Jul 29, 2021
Electric aircraft startup Archer says its valuation cut by $1 billion
(Reuters) -Electric aircraft startup Archer's pro forma enterprise value has been cut to $1.7 billion from $2.7 billion as part of a revised deal, Archer and blank-check firm Atlas Crest Investment Co...
Syndicated Content Jul 29, 2021
American Airlines plans tie-up with budget carrier JetSMART in South America
By Tracy Rucinski CHICAGO (Reuters) - American Airlines said on Thursday it is proposing acquiring a minority stake in budget carrier JetSMART in South America as part of a tie-up aimed at fueling gro...
Syndicated Content Jul 29, 2021
Nikola founder Trevor Milton indicted in US for misleading investors
NEW YORK (Reuters) -Trevor Milton, the founder of electric truck maker Nikola Corp, has been indicted on charges of making false and misleading statements to investors, the U.S. Department of Justice ...
Syndicated Content Jul 29, 2021
Top German court strikes down Facebook rules on hate speech
By Douglas Busvine BERLIN (Reuters) - A top German court has ruled that Facebook acted illegally in taking down racist posts and blocking the account of their author because the social network failed ...
Syndicated Content Jul 29, 2021
U.S. economy contracted 19.2% during COVID-19 pandemic recession
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy contracted at a record average annualized rate of 19.2% from its peak in the fourth quarter of 2019 through the second quarter of 2020, govern...
Syndicated Content Jul 29, 2021
IMF sees “critical role” as world transitions to digital money
NEW YORK (Reuters) - The International Monetary Fund must ramp up its resources as it seeks to "monitor, advise on, and help manage this far-reaching and complex transition" to digital money, accordin...
Syndicated Content Jul 29, 2021
German inflation jumps to 3.1%
BERLIN (Reuters) - Germany's annual consumer price inflation accelerated by more than expected in July, rising further above the European Central Bank's target of close to but below 2%, the Federal St...
Syndicated Content Jul 29, 2021
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