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Tiger Global raised stakes in some tech names battered by year’s rout -filing
By Svea Herbst-Bayliss
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Posted on May 16, 2022
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City
BOSTON (Reuters) – Investment firm Tiger Global, which has lost billions of dollars in this year’s technology stock meltdown, increased its stakes during the...
Tencent Music’s Q1 revenue underwhelms as competition heats up
By Bozorgmehr Sharafedin
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Posted on May 16, 2022
FILE PHOTO: Illustration picture of China’s Tencent Music Entertainment Group
(Reuters) -China’s Tencent Music Entertainment Group posted quarterly revenue in line with Wall Street estimates on Monday, as the audio streaming service struggles with easing demand amid stiff competition.
As part of a broader clampdown on the country’s...
Oil settles higher on demand optimism, gasoline strength
By Bozorgmehr Sharafedin
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Posted on May 16, 2022
FILE PHOTO: An aerial view shows an Idemitsu Kosan Co. oil facility in Ichihara, east of Tokyo
By Laura Sanicola
NEW YORK (Reuters) -Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that the country’s coronavirus pandemic was receding in the...
Ukraine war: McDonald's to exit Russia and sell all of its restaurants
The company's chief executive said holding on to its Russian business is "no longer tenable, nor is it consistent with McDonald's values".
Alexa Phillips
News reporter @alexxaphillips
Monday 16 May 2022 15:24, UK
Why you can trust Sky News
McDonald's will sell all of its restaurants in Russia, making it...
Scientists power miniature computer with algae for six months
The device is far cheaper to make than batteries that rely on unsustainable materials like rare earth elements, and is more environmentally friendly than the hazardous materials used in solar-power photovoltaic material.
Alexander Martin
Technology reporter @AlexMartin
Monday 16 May 2022 10:47, UK
Image:The computer system is the size of an AA battery. Pic: University of...
Google sued for using the NHS data of 1.6 million Britons ‘without their knowledge or consent’
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Google sued for using the NHS data of 1.6 million Britons 'without their knowledge or consent'
The Royal Free NHS Trust in London, which gave Google the patient data, was previously told the move was illegal following an investigation by the Information Commissioner's Office.
Alexander Martin
Technology reporter @AlexMartin
Monday 16 May 2022 13:46, UK
Image:Google received data belonging to 1.6 million patients
...
Convicted murderer Herel Hershtik set to make millions when his company lists for IPO
Hershtik was convicted of murder when he 20. He was released from prison last year, but while incarcerated he set up more than 30 companies and got three degrees.
Amar Mehta
News reporter @Amarjournalist_
Monday 16 May 2022 14:16, UK
Image:Harel Hershtik was convicted of murder and spent almost two decades...
Food security in space: Farming salad in moon soil
Scientists have grown plants in soil taken from the lunar surface. It's a sign that people could one day live on the moon, grow food and produce water.
From small things big things grow: Astronauts may soon grow plants on the moon
Researchers at the University of Florida say they have grown plants...
EU lowers economic growth expectations amid Ukraine war
Rising energy and commodity prices resulting from Russia's war in Ukraine are slowing Europe's economic growth and increasing inflation.
High energy and commodity prices are driving up inflation and slowing growth
The European Commission on Monday lowered the eurozone growth forecast for 2022 down to 2.7% from a previous estimate of 4%.
The EU said rising...
Ukraine: EU struggles to reach consensus over Russia oil embargo
Hungary is leading opposition to the oil embargo being discussed in a foreign ministers’ meeting of the 27-member union. All member states must agree on the embargo for it to come into effect.
The EU hopes an oil embargo could further pressure Russia's economy
European Union members are struggling to agree on a...
Bitcoin slips back below $30,000 as European regulators renew crypto warnings after Terra Luna crash
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Bitcoin slips back below $30,000 as European regulators renew crypto warnings after Terra Luna crash
The value of the largest cryptos Bitcoin, Tether and Ether all experienced a fall in value on Monday. - Copyright Canva
By Reuters • Updated: 16/05/2022 - 12:41
Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend as regulators continued to circle.
European officials reiterated warnings of risks...
French Prime Minister Jean Castex resigns
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By Euronews with AP • Updated: 16/05/2022 - 17:42
France's Prime Minister Jean Castex waves as he leaves after the weekly cabinet meeting, at the Elysee Palace, in Paris, Wednesday, May 11, 2022. - Copyright Francois Mori/The Associated Press
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French Prime Minister Jean Castex resigned Monday in an expected move after the reelection last...
Dollar slips from 2-decade highs; yuan falls on weak China data
By Sinéad Carew
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Posted on May 16, 2022
FILE PHOTO: Illustration shows U.S. dollar banknotes
NEW YORK (Reuters) – The U.S. dollar was down slightly on Monday after hitting a 20-year peak last week, with the global economy in focus after the Chinese yuan came under pressure following weak data.
Creating a risk-off mood...
H H the Emir Sheikh Tamim bin Hamad Al Thani left the Slovenian capital Ljubljana this afternoon, after concluding an official visit to the Republic of Slovenia, heading to the Kingdom of Spain, with God’s protection and patronage, on a state visit.
His Highness the Emir sent a cable to His Excellency President Borut Pahor, President of the Republic of...