Russia advances in eastern Ukraine, attack on apartments kills civilians

Russia advances in eastern Ukraine, attack on apartments kills civilians

Russian strike destroys apartment building; 3 dead – officials Zelenskiy gives a gloomy assessment of the Russian offensive in the east Zelenskiy promises more anti-corruption measures New Russian offensive could begin on February 24 – Minister of Ukraine KYIV, Feb. 2 (Reuters) – Fighting on the frontlines in eastern Ukraine “has toughened” as Russian troops … Read more

The Philippines grants the US more access to bases amid concerns about China

The Philippines grants the US more access to bases amid concerns about China

Philippines, US agree to add four locations under EDCA Agreement comes about amid tensions in the South China Sea, over Taiwan EDCA allows US access to Philippine military bases MANILA, Feb. 2 (Reuters) – The Philippines has granted the United States expanded access to its military bases, its defense chiefs said on Thursday, amid mounting … Read more

Adani market losses snowball to $100 billion in delayed share sale

Adani market losses snowball to 0 billion in delayed share sale

NEW DELHI, Feb. 2 (Reuters) – Indian shares of the Adani group fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion equity offer, extending market losses to more than $ 100 billion and concerns arose about the possible systemic impact. The pullback of the share sale of Adani Enterprises … Read more

Honda is starting production of a new hydrogen fuel cell system, co-developed with GM

Honda is starting production of a new hydrogen fuel cell system, co-developed with GM

TOKYO, Feb. 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it will begin production this year of a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) and sell will gradually ramp up this decade, in an effort to expand its hydrogen business. Honda is targeting annual sales of about 2,000 … Read more

Wall Street Protests as Fed Chief Powell Speaks After Rate Hike

Wall Street Protests as Fed Chief Powell Speaks After Rate Hike

Feb.1 (Reuters) – The S&P 500 and Nasdaq surged to higher closing prices on Wednesday after Federal Reserve Chairman Jerome Powell acknowledged that inflation had begun to ease following a quarter-point rate hike by the US Federal Reserve, which announced a made a statement that it expects “continuous increases”. Wall Street’s major indices lost ground … Read more

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

Exclusive: EV maker Rivian cuts 6% of jobs amid price war – internal memo

SAN FRANCISCO, Feb. 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the EV maker, already struggling with declining cash reserves and a weak economy, braces itself for an industry-wide price war. The company is focusing its resources on ramping up vehicle production and … Read more

Adani waives $2.5 billion share sale as major blow to Indian tycoon

Adani waives .5 billion share sale as major blow to Indian tycoon

NEW DELHI, Feb. 1 (Reuters) – Flagship Gautam Adani called off its $2.5 billion share sale on Wednesday in a dramatic turnaround as a defeat sparked by the criticism of a US short-seller saw billions more of its value of the Indian magnate’s shares wiped out. The withdrawal of the Adani Enterprises (ADEL.NS) share offering … Read more

Biden wants to cut U.S. credit card fees and app fees

Biden wants to cut U.S. credit card fees and app fees

WASHINGTON, Feb. 1 (Reuters) – The White House unveiled new efforts on Wednesday to reduce late credit card charges and reduce the prices charged by Apple Inc (AAPL.O) and Google parent Alphabet Inc (GOOGL.O) in charge for mobile app stores. The move is part of a larger policy to promote competition in consumer markets, officials … Read more

Gautam Adani loses Asia’s richest krone as share price plunge deepens to $84 billion

Gautam Adani loses Asia’s richest krone as share price plunge deepens to  billion

BENGALURU, Feb. 1 (Reuters) – Indian magnate Gautam Adani lost his title of Asia’s richest person on Wednesday as a defeat in his conglomerate’s largest companies deepened to $84 billion in the wake of a short-seller report. A report from Hindenburg Research last week alleged the group’s improper use of offshore tax havens and stock … Read more

Russia continues campaign in Donetsk; Ukraine wants fighter jets

Russia continues campaign in Donetsk;  Ukraine wants fighter jets

City of Bakhmut under attack again – Ukrainian army Zelenskiy consults with top defense officials The US is preparing a $2.2 billion arms package for Ukraine KYIV, Feb. 1 (Reuters) – Russian forces are making increasing gains in their bid to seize territory in Ukraine’s eastern Donetsk province, focusing on the town of Bakhmut north … Read more