Crypto’s latest meltdown leaves punters bruised and bewildered

LONDON / MUMBAI / ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $ 100 a week,” at sites like Celsius, said Fong, a … Read more

As war in east rages on, Ukraine gets chance to ‘live the European dream’

Ukraine EU candidacy signals major shift in European geopolitics Putin seeks to play down EU issue Battle for Sievierodonetsk grinds on Russian media say two Americans caught fighting for Ukraine BRUSSELS / KYIV, June 18 (Reuters) – As war rages in Ukraine’s east, Kyiv received a major boost on Friday when the European Union recommended … Read more

How free-wheeling Texas became the self-driving trucking industry’s promised land

FORT WORTH, Texas, June 17 (Reuters) – For companies working to make self-driving trucks a near-term reality, all roads lead to Texas. Vast highways, a booming freight market and, crucially, the least restrictive laws governing autonomous vehicles (AVs) in the United States have turned Texas into the industry’s most desired location. Several companies, including Aurora … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON / SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European … Read more

Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday

Flags with the St. Petersburg International Economic Forum (SPIEF) logo fly near the St. Isaac’s Cathedral in Saint Petersburg, Russia June 14, 2022. REUTERS / Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register International economic forum June 15-18 in St Petersburg No Western bigwigs at ‘Russian Davos’ due to sanctions Putin to … Read more

Russian forces cut off last routes out of eastern Ukraine city

Last bridge to Sievierodonetsk destroyed -governor Ukraine seeks howitzers, tanks and drones from the West Russia reports destroying some US and European arms KYIV, June 14 (Reuters) – Russian forces cut off the last routes for evacuating citizens from the eastern Ukrainian city of Sievierodonetsk, a Ukrainian official said, as the Kremlin pushed for victory … Read more

Inflation fears grip markets as bonds, stocks extend selloff

LONDON, June 13 (Reuters) – Global government bonds extended a bruising selloff on Monday and the dollar resumed its march towards two-decade highs as red-hot US inflation fuelled worries about even more aggressive policy tightening in a big week for central banks. A market gauge measuring the gap between US two-year Treasury yields and 10-year … Read more

What next? Ukraine’s allies divided over Russia endgame

PARIS / BERLIN / WASHINGTON, June 13 (Reuters) – Is it better to engage with Russian President Vladimir Putin over his invasion of Ukraine or to isolate him? Should Kyiv make concessions to end the war, or would that embolden the Kremlin? Are ramped up sanctions on Russia worth the collateral damage? These are some … Read more

Ukrainians left with one way out of Sievierodonetsk as fierce fighting rages

Sievierodonetsk epicentre of the Donbas battle Severe fighting in city – Zelenskiy Escape routes narrowed after a second of three bridges were destroyed KYIV, June 13 (Reuters) – Ukrainian defenders were fighting fiercely for “every meter” of Sievierodonetsk, President Volodymyr Zelenskiy said, as Russian forces destroyed a bridge to another city across the river, leaving … Read more

Biden unveils migration plan, capping Americas summit roiled by division

LOS ANGELES, June 10 (Reuters) – US President Joe Biden and fellow leaders from the Western Hemisphere on Friday rolled out a new set of measures to confront the regional migration crisis, seeking to salvage an Americas summit roiled by division. Biden’s aides had touted the migration declaration as a centerpiece of the US-hosted Summit … Read more