Exclusive: Europe is looking at Musk’s SpaceX to fill the gap left by tensions in Russia

Exclusive: Europe is looking at Musk’s SpaceX to fill the gap left by tensions in Russia

PARIS, August 12 (Reuters) – The European Space Agency (ESA) has started preliminary technical talks with Elon Musk’s SpaceX, which could lead to the temporary use of its launcher after the conflict in Ukraine blocked Western access to Russia’s Soyuz missiles. The private US competitor to Europe’s Arianespace has proved to be a key contender … Read more

Five Chinese state-owned companies will be withdrawn from the NYSE

Five Chinese state-owned companies will be withdrawn from the NYSE

SHANGHAI / HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would withdraw from the New York Stock Exchange amid spikes diplomatic actions and economic tensions with the United States. The companies that also include Aluminum Corporation of China (Chalco) (601600.SS), … Read more

Yoon from South Korea pardons Jay Y. Lee from Samsung to counter the “economic crisis”

Yoon from South Korea pardons Jay Y. Lee from Samsung to counter the “economic crisis”

Samsung’s heir has served 18 months in prison for bribery Businessmen were convicted of a scandal in which he knocked the president down South Korea says the leaders needed help to overcome the economic crisis Samsung can increase investment thanks to pardon Lee – analysts SEOUL, Aug. 12 (Reuters) – South Korean president Yoon Suk-yeol … Read more

Blows on a nuclear power plant in Ukraine prompted the head of the United Nations to call for the creation of a demilitarized zone

Blows on a nuclear power plant in Ukraine prompted the head of the United Nations to call for the creation of a demilitarized zone

Russian ambassador warns against “nuclear catastrophe” Zelensky demands that Russia return the factory to Ukraine Satellite images show the destruction at the Russian airbase in the Crimea Kyiv / NEW YORK, Aug. 12 (Reuters) – Russia and Ukraine accused each other of shelling Europe’s largest nuclear power plant, as the head of the UN proposed … Read more

US gasoline prices dropped below $ 4 for the first time since March

US gasoline prices dropped below $ 4 for the first time since March

The demand for gasoline declined in the summer Lower-income households spend less when prices fall The US retail price hit a record high in June Aug. 11 (Reuters) – The median retail price of US gasoline fell below $ 4 a gallon on Thursday for the first time in months, giving some relief to drivers … Read more

Ukrainian creditors agree to a two-year freezing of $ 20 billion in foreign debt

Ukrainian creditors agree to a two-year freezing of $ 20 billion in foreign debt

Ukraine says the move will save $ 6 billion over two years Creditors backed a similar move for two state-owned companies Comprehensive debt restructuring after the freeze LONDON / NEW YORK, Aug. 11 (Reuters) – Ukrainian foreign creditors backed a motion for a two-year payment freeze on nearly $ 20 billion in international bonds, regulatory … Read more

The sale of Alibaba SoftBank may end the taboo of disintegration

The sale of Alibaba SoftBank may end the taboo of disintegration

Japanese CEO of SoftBank Group Corp Masayoshi Son attends a press conference in Tokyo, Japan, November 5, 2018 REUTERS / Kim Kyung-Hoon Sign up now for FREE unlimited access to Reuters.com Register LONDON, August 10 (Reuters Breakingviews) – Masayoshi Son thinks the unthinkable at SoftBank Group (9984.T). Its $ 63 billion tech and telecommunications empire … Read more

Disney hits Netflix on streaming subscribers, sets higher prices

Disney hits Netflix on streaming subscribers, sets higher prices

LOS ANGELES, Aug. 10 (Reuters) – Walt Disney Co (DIS.N) overtook Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it will raise prices for customers looking to watch Disney + or Hulu without advertising . The media giant will raise the monthly cost of Disney + ad-free by 38% to … Read more

The Wall Street rally lifts the Nasdaq 20% from its lowest as inflation fears a decline

The Wall Street rally lifts the Nasdaq 20% from its lowest as inflation fears a decline

Traders work on the New York Stock Exchange (NYSE) floor in Manhattan, New York, USA, August 8, 2022. REUTERS / Andrew Kelly Sign up now for FREE unlimited access to Reuters.com Register Fed now saw a 50 bp hike in September US consumer price growth slows down in July Musk sells Tesla shares worth $ … Read more

Musk sells Tesla shares worth $ 6.9 billion, cites a chance for a forced deal on Twitter

Musk sells Tesla shares worth $ 6.9 billion, cites a chance for a forced deal on Twitter

Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory Foundation Stone Ceremony in Shanghai, China January 7, 2019 REUTERS / Aly Song Sign up now for FREE unlimited access to Reuters.com Register Aug. 10 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has sold $ 6.9 billion of EV manufacturer shares, saying the funds could … Read more