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Oil muted as price cap proposal eases supply concerns

Oil muted as price cap proposal eases supply concerns G7 price cap on Russian oil could be above current trading level EIA gasoline stocks data shows higher than expected build COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering …

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Russia revives Soviet-era Moskvich brand with Chinese model

Russia revives Soviet-era Moskvich brand with Chinese model This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 23 (Reuters) – After a two-decade hiatus, Russia on Wednesday launched production of the Moskvich car brand at a plant near Moscow given up by the French carmaker …

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Stick-wielding men smash surveillance cameras at China iPhone plant

Stick-wielding men smash surveillance cameras at China iPhone plant SHANGHAI, Nov 23 (Reuters) – Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform showed on Wednesday. Hundreds of workers protested …

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Tesla safety at center of South Korean trial over fiery, fatal crash

Tesla safety at center of South Korean trial over fiery, fatal crash SEOUL, Nov 21 (Reuters) – In an upscale Seoul neighborhood two years ago, a white Tesla Model X smashed into a parking lot wall. The fiery crash killed a prominent lawyer – a close friend of South Korea’s president. Prosecutors have charged the …

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Elon Musk starts Twitter poll on whether to bring back Trump

Elon Musk starts Twitter poll on whether to bring back Trump Nov 18 (Reuters) – Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former US President Donald Trump’s account on the platform, with early results showing roughly 60% voting yes. “Vox Populi, Vox Dei,” Musk tweeted, …

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No alcohol sales permitted at Qatar’s World Cup stadium sites

No alcohol sales permitted at Qatar’s World Cup stadium sites DOHA Nov 18 (Reuters) – Alcoholic beer will not be sold at Qatar’s World Cup stadiums, world soccer governing body FIFA said on Friday, a last minute reversal which raised questions among some supporters about the host country’s ability to deliver on promises to fans. …

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ECB begins great cash mop-up as banks repay 296 bln euros of loans

ECB begins great cash mop-up as banks repay 296 bln euros of loans Repayment much lower than expected Key money-market rate falls after announcement Move seen as first step towards bond unwind FRANKFURT, Nov 18 (Reuters) – Euro zone banks are set to repay nearly 300 billion euros ($310 billion) in loans to the European …

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Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange

Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange FTX bought a 10% stake in IEX with an option to acquire 100% FTX spent $2 billion on ‘acquisitions for regulatory purposes’ Documents show FTX saw its regulatory status as a way of luring new capital from major investors Nov 18 (Reuters) …

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US senator questions Ticketmaster after complaints about Taylor Swift sales

US senator questions Ticketmaster after complaints about Taylor Swift sales LOS ANGELES/WASHINGTON, Nov 17 (Reuters) – Ticketmaster faced questions on Thursday from a Democratic US senator over its sales practices, two days after Taylor Swift fans complained about website outages and long waits to buy tickets to her upcoming US tour. In a letter to …

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Siebel Newsom, wife of California governor, accuses Harvey Weinstein of rape

Siebel Newsom, wife of California governor, accuses Harvey Weinstein of rape LOS ANGELES, Nov 14 (Reuters) – Jennifer Siebel Newsom, a documentary filmmaker and the wife of California’s governor, testified on Monday that former film producer Harvey Weinstein raped her in 2005 when she was trying to build a career as a producer and actor. …

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