Author Archives: Syndicated Content
Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time
By Suzanne McGee (Reuters) - Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years. ...
Thomson Reuters Sep 03, 2024
Volvo Trucks to launch electric truck with 600 km range
By Jesus Calero (Reuters) - Sweden's Volvo will launch a long-range variant of its FH Electric truck, capable of covering up to 600 km (373 miles) on a single charge, its truckmaking arm said on Tuesd...
Thomson Reuters Sep 03, 2024
Conflict, creditors and a car crash: How Ukraine clinched a wartime debt restructuring
By Marc Jones and Karin Strohecker LONDON (Reuters) - Just a few months after Russia invaded Ukraine, the country's financial adviser, Rothschild & Co, handed Kyiv's debt chief a thick black folder de...
Thomson Reuters Sep 03, 2024
Cathay Pacific halts flights for A350 checks, other airlines await guidance
By Lisa Barrington (Reuters) - Hong Kong's Cathay Pacific Airways is inspecting all of its Airbus A350 jets after the in-flight failure of an engine part on Monday, but other airlines have not yet bee...
Thomson Reuters Sep 03, 2024
Travel industry to contribute record $11 trillion to global GDP in 2024
By Doyinsola Oladipo NEW YORK (Reuters) - A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the...
Thomson Reuters Sep 03, 2024
Turkey inflation tumbles to 52% as disinflation proceeds
By Daren Butler and Nevzat Devranoglu ISTANBUL (Reuters) -Turkey's annual inflation tumbled a bit more than expected to 51.97% in August, data showed on Tuesday, continuing a sharp slide due to base e...
Thomson Reuters Sep 03, 2024
Swiss economic output boosted by Olympics, European football championships
ZURICH (Reuters) - The Swiss economy grew by 1.8% in the second quarter, the government said on Tuesday, boosted by income from the Paris Olympics and the European football championship as well as hig...
Thomson Reuters Sep 03, 2024
China's digital platform Qifa delays Moscow IPO as high interests rates bite
VLADIVOSTOK, Russia (Reuters) - Digital platform Qifa, which focuses on trade between Russia and China, has delayed its initial public offering on the Moscow Exchange due to high Russian interest rate...
Thomson Reuters Sep 03, 2024
Tesla's China sales have best month of the year in August
BEIJING (Reuters) - Tesla's sales in China logged their best month for the year so far in August, with the U.S. electric vehicle maker benefiting from brisk sales in smaller cities. Tesla said it sold...
Thomson Reuters Sep 03, 2024
Bain makes $4.1 billion counter-offer to KKR's takeover bid for Fuji Soft, Nikkei says
TOKYO (Reuters) - U.S. buyout fund Bain Capital has made a counter-offer to take over Japan's Fuji Soft for about 600 billion yen ($4.10 billion), or about 5% higher than U.S. private equity firm KKR'...
Thomson Reuters Sep 03, 2024
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