EXCLUSIVE Sri Lanka to seek $3 billion to stave off crisis -finance minister

EXCLUSIVE Sri Lanka to seek  billion to stave off crisis -finance minister

Seeks further $500 mln from India for fuel Government priority to ensure supply of essentials To raise taxes and fuel prices within six months COLOMBO, April 9 (Reuters) – Sri Lanka will need about $3 billion in external assistance over the next six months to help restore supplies of essential items including fuel and medicine, … Read more

Wife of UK finance minister agrees to stop avoiding UK tax

Wife of UK finance minister agrees to stop avoiding UK tax

Sunak’s wife to pay British tax on global income Akshata Murthy is daughter of founder of Infosys Indian citizen previously only paid UK tax on UK income Row is latest setback for Sunak, possible future UK leader April 8 (Reuters) – Akshata Murthy, the wife of British finance minister Rishi Sunak, said on Friday that … Read more

EU slashes 10% of Russian imports with new sweeping sanctions

EU slashes 10% of Russian imports with new sweeping sanctions

EU bans Russian coal in first hit to energy imports Existing coal contracts must be terminated by start of August EU also bans imports of Russian chemicals, vodka, caviar Exports of technology, jet fuel to Russia banned More oligarchs, Putin’s daughters face asset freezes April 8 (Reuters) – The European Union on Friday formally adopted … Read more

Global stocks rebound goal set for weekly loss

Global stocks rebound goal set for weekly loss

LONDON, April 8 (Reuters) – European shares rebounded on Friday but world stocks were still on track for their first weekly loss in four as the prospect of aggressive global rate hikes and geopolitical risks rattled investors. Global risk appetite declined during the week as minutes from the Federal Reserve and European Central Bank showed … Read more

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

Crypto and gaming collide in high-risk ‘play-to-earn’ economies

April 8 (Reuters) – Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which he would breed and send into battle to win cryptocurrencies. The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games, dubbed “play-to-earn”, which blend … Read more

Stocks rally late, 10-yr US Treasury yield hits 3-yr high

Stocks rally late, 10-yr US Treasury yield hits 3-yr high

US stocks end higher 10-year Treasury yield rises Investors still digesting Fed signals NEW YORK, April 7 (Reuters) – Stock indexes mostly rose on Thursday as investors snapped up beaten-down shares, while the US dollar climbed to its highest in nearly two years and the US Treasury 10-year yield touched a three-year high following hawkish … Read more

Amazon faces shareholder vote on treatment of warehouse workers

Amazon faces shareholder vote on treatment of warehouse workers

Follows SEC backing for vote after guidance change Filed by retail activist platform Tulipshare LONDON, April 7 (Reuters) – Amazon.com Inc. (AMZN.O), the world’s biggest retailer, will face a shareholder vote calling for an independent audit of its treatment of warehouse workers after the top US securities regulator turned down the company’s request to skip … Read more

Elon Musk’s arrival stirs fears among some Twitter employees

Elon Musk’s arrival stirs fears among some Twitter employees

Concerns center around Twitter’s ability to moderate content Fear Musk’s views on moderation may allow trolling to flourish Twitter management, employees make daily decisions -spokesperson April 7 (Reuters) – News of Tesla (TSLA.O) Chief Executive Elon Musk taking a board seat at Twitter (TWTR.N) has some Twitter employees panicking over the future of the social … Read more

Fed officials to take clearer to balance sheet; ‘many’ back big rate hikes

Fed officials to take clearer to balance sheet;  ‘many’ back big rate hikes

April 6 (Reuters) – Federal Reserve officials in March “generally agreed” to cut up to $95 billion a month from the central bank’s asset holdings as another tool in the fight against surging inflation, even as the war in Ukraine tempered the first US interest rate increase. Minutes of the Fed’s March 15-16 meeting showed … Read more

Breaking ranks with EU, Hungary says ready to pay for Russian gas in rubles

Breaking ranks with EU, Hungary says ready to pay for Russian gas in rubles

Russia has demanded gas payments in rubles EU Commission has asked countries to stick to original contracts Hungary says EU has no role to play in bilateral contracts EU under pressure to increase sanctions against Russia BUDAPEST/LONDON, April 6 (Reuters) – Hungary said on Wednesday it was prepared to pay rubles for Russian gas, breaking … Read more