Apr 14, 2023
Factbox-Tesla cuts more prices in a bid to spur demand

(Reuters) - Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin. Following are details of…

Apr 07, 2023
US weighs action against Russian cybersecurity firm Kaspersky Lab -WSJ

(Reuters) - The U.S. Department of Commerce is weighing an enforcement action against Russian cybersecurity company Kaspersky Lab, the Wall Street Journal reported on Friday citing people familiar with the matter. President Joe Biden's administration is looking at an enforcement…

Mar 29, 2023
Investors pull $1.6 billion from Binance after CFTC lawsuit

By Elizabeth Howcroft LONDON (Reuters) - Investors withdrew $1.6 billion of cryptocurrency from crypto exchange Binance since it was sued by the U.S. CFTC on Monday, blockchain data tracker Nansen said on Wednesday. The U.S. Commodity Futures Trading Commission (CFTC)…

Mar 28, 2023
Adidas ends partnership with Beyonce – WSJ

LONDON (Reuters) - Adidas has ended its fashion partnership with Beyoncé, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. If confirmed, it would mark a second high-profile split between Adidas and a celebrity partner, after…

Mar 16, 2023
US banking system sound but not all deposits guaranteed, Yellen says

By David Lawder and Doina Chiacu WASHINGTON (Reuters) -The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large…

Mar 10, 2023
Instant View: SVB meltdown triggers gyrations in global bank shares

(Reuters) - California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial crisis, moving quickly to protect depositors as a crisis at the startup-focused lender rippled through global markets and hit banking stocks. The…