ECB raises rates by an unprecedented 75 basis points to fight inflation

Join now for FREE unlimited access to Reuters.com Register Increases deposit rate to 0.75% from zero Eurozone inflation uncomfortably high and rising New ECB forecasts show higher inflation and weaker growth Other rate hikes reported Lagarde will speak at 12:45 GMT FRANKFURT, Sept 8 (Reuters) – The European Central Bank raised key rates by a … Read more

Twitter misled US regulators over hackers, spam, whistleblower says

August 23 (Reuters) – Twitter Inc. (TWTR.N) misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint. In an 84-page complaint, Zatko, a famous hacker widely known as “Mudge”, alleged that Twitter falsely claimed it had a strong security plan, … Read more

From PM to prison: Malaysian Najib feels alone and burdened by ‘betrayal’

KUALA LUMPUR, Aug 23 (Reuters) – After playing golf with U.S. Presidents Donald Trump and Barack Obama, former Malaysian Prime Minister Najib Razak now counts convicted murderers and drug traffickers among his neighbors. The Federal Court on Tuesday ordered Najib to begin a 12-year prison sentence after upholding a conviction on charges related to a … Read more

Factbox: Big banks set to rack up over $1 billion in fines for using WhatsApp

Aug 22 (Reuters) – Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging tools, including email and apps like WhatsApp. The U.S. Securities and Exchange Commission (SEC) began probing banks’ record-keeping practices regarding the use … Read more

China lowers lending standards to revive faltering economy

FILE PHOTO: Employees work on the vehicle component production line during a government-organized media tour at a factory of German engineering group Voith, following the outbreak of the coronavirus disease (COVID -19), in Shanghai, China July 21, 2022. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 22 (Reuters) – China … Read more

China sentences tycoon Xiao Jianhua to 13 years and fines his company $8.1 billion

People walk past the building with the listed address of the Beijing office of Tomorrow Holdings, China February 3, 2017. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register BEIJING, Aug 19 (Reuters) – A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, who has not been seen in public since 2017, … Read more

Cryptoverse: Electric Aether Jumps About to Merge

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like Ethereum’s mega-upgrade is underway. To finish. After years of delays, the “merger” seems all but certain to take place … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices punished … Read more

HSBC hangs up on Ping An break call, lifts payment and profit target

HSBC will return to paying quarterly dividends from 2023 Aims to attract investors with a higher profitability target Splitting up Asian companies carries huge risks London shares rise 6% LONDON/SINGAPORE, August 1 (Reuters) – HSBC (HSBA.L) rejected a proposal from major shareholder Ping An Insurance Group Co of China (601318.SS) to split the lender, a … Read more