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

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

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

US, allies ready new Russian sanctions after Bucha killings

US, allies ready new Russian sanctions after Bucha killings

US, EU set to ban new investment in Russia Zelenskiy says Bucha killings demand punishment Ukraine reports attacks in south and east LVIV, Ukraine, April 6 (Reuters) – The United States and its allies on Wednesday prepared new sanctions on Moscow over civilian killings which President Volodymyr Zelenskiy described as “war crimes”, as heavy fighting … Read more

Amazon lines up satellite launches to take on Musk’s Starlink

Amazon lines up satellite launches to take on Musk’s Starlink

April 5 (Reuters) – Amazon.com Inc (AMZN.O) has secured rocket launches with three companies, the company said on Monday, as it spends billions on putting together a satellite constellation to beam broadband internet that will rival Elon Musk-owned SpaceX’s Starlink. The e-commerce giant said its Project Kuiper has secured 83 launches over five years and … Read more

Russian auto boomtown grinds to halt over Ukraine sanctions

Russian auto boomtown grinds to halt over Ukraine sanctions

Kaluga car plants halt production Car demand falls, food prices soar Some hope Western resolve won’t last Others have seen crises pass before April 5 (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with … Read more

Musk takes 9% stake in Twitter to become top shareholder, starts poll on edit button

Musk takes 9% stake in Twitter to become top shareholder, starts poll on edit button

Stake valued at about $3 billion Twitter shares surge 27% to close at $49.97 Strong response to Musk poll on edit button April 4 (Reuters) – Tesla Inc (TSLA.O) boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc (TWTR.N), worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering … Read more

Stocks rise with growth names, dollar up on talk of more Moscow sanctions

Stocks rise with growth names, dollar up on talk of more Moscow sanctions

US stocks gain with megacaps Oil prices jump, US dollar strengthens 2yr/10yr Treasury yield curve remains inverted NEW YORK, April 4 (Reuters) – Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the US dollar strengthened on talk of more sanctions against Moscow following international … Read more

Wall St climbs as megacap growth stocks gain, Twitter surges

Wall St climbs as megacap growth stocks gain, Twitter surges

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter soars after Elon Musk reveals 9.2% stake US-listed Chinese companies surge Utilities, real estate lag among S&P 500 sectors Indexes up: Dow 0.07%, … Read more

Social media platforms blocked in Sri Lanka amid curfew, opposition protest

Social media platforms blocked in Sri Lanka amid curfew, opposition protest

COLOMBO, April 3 (Reuters) – Sri Lankan soldiers with assault rifles and police manned checkpoints in Colombo on Sunday as the government blocked social media platforms after imposing a curfew to contain public unrest triggered by the country’s economic crisis. The latest restrictions come after the government on Saturday implemented a countrywide curfew as protests … Read more