Exclusive: ECB union says staff losing faith in leadership over inflation, pay

Exclusive: ECB union says staff losing faith in leadership over inflation, pay

40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This Jan. 17 story has been corrected to restore the dropped words in paragraph 11) European Central Bank staff are losing confidence in the institution’s leadership following … Read more

Hong Kong scraps most COVID rules, though masks still mandated

Hong Kong scraps most COVID rules, though masks still mandated

HONG KONG, Dec 28 (Reuters) – Hong Kong will cancel its stringent COVID-19 rules from Thursday, city leader John Lee said, meaning that arrivals will no longer need to do mandatory PCR tests while the city’s vaccine pass would also be scrapped. All measures would be cancelled on Thursday, apart from the wearing of masks … Read more

Ship insurers to cancel war cover for Russia, Ukraine from Jan 1

Ship insurers to cancel war cover for Russia, Ukraine from Jan 1

LONDON, Dec 28 (Reuters) – Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them the first opportunity to … Read more

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases

Dec 27 (Reuters) – Sam Bankman-Fried’s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused … Read more

Elon Musk’s vow to not sell more Tesla stock fails to calm investors

Elon Musk’s vow to not sell more Tesla stock fails to calm investors

Dec 23 (Reuters) – Tesla Inc shares (TSLA.O) hit a fresh two-year low in volatile trading on Friday as top boss Elon Musk’s promise to not sell his shares in the electric-car company for at least two years did little to reassure investors. Musk has offloaded shares worth $40 billion in the world’s most valuable … Read more

Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says

NEW YORK, Dec 23 (Reuters) – Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul’s Alameda Research, the hedge fund’s former chief told a judge when she pleaded guilty to her role in the exchange’s collapse. Caroline Ellison, former chief executive of Alameda Research, said she agreed … Read more

Russia explores buying stranded jets from Western leasing firms

Russia explores buying stranded jets from Western leasing firms

Some 400 jets worth $10 billion stranded by war $644 mln offered for 17 Aeroflot aircraft -letter Russian plan would use its National Wealth Fund Required EU approval not yet forthcoming -sources DUBLIN/LONDON, Dec 22 (Reuters) – Russian airlines have held exploratory talks with at least one major Western leasing firm about using state funds … Read more

Rainwater Tech to list in New York via SPAC merger

Rainwater Tech to list in New York via SPAC merger

NEW YORK, Dec 22 (Reuters) – Rain Enhancement Technologies Inc, a developer of systems that boost rainfall in arid regions, has agreed to combine with special purpose acquisition company (SPAC) dMY Technology Group VI (DMYS.N), the companies told Reuters. Led by Mike Nefkens, the former president of Hewlett Packard Enterprise Services, Rain Enhancement Technologies – … Read more

Tesla sends Shanghai boss and aides to jumpstart US output

Tesla sends Shanghai boss and aides to jumpstart US output

SHANGHAI/SAN FRANCISCO, Dec 21 (Reuters) – Tesla Inc’s (TSLA.O) China chief Tom Zhu and a team of his reports have been brought in to troubleshoot production issues in the United States, fueling talk among colleagues he is being groomed for a bigger role at a time when Chief Executive Elon Musk has been distracted by … Read more

Core Scientific files for bankruptcy as crypto winter bites

Core Scientific files for bankruptcy as crypto winter bites

Dec 21 (Reuters) – Core Scientific Inc (CORZ.O), one of the biggest publicly traded cryptocurrency mining companies in the United States, said on Wednesday it filed for Chapter 11 bankruptcy protection, the latest in a string of failures to hit the sector. Austin, Texas-based Core Scientific attributed its bankruptcy to slumping bitcoin prices, rising energy … Read more