OTTAWA (Reuters) -Lower-income Canadians will be disproportionately affected by the slowdown in economic activity that is needed to ease inflationary…
U.S. seeks 15 years for Elizabeth Holmes over Theranos fraud
By Akriti Sharma and Kanishka Singh (Reuters) – Theranos founder Elizabeth Holmes should spend 15 years in prison and pay…
Crypto clearinghouse LedgerX withdraws FTX’s request last year to CFTC
(Reuters) – Digital currency futures and options clearinghouse LedgerX LLC submitted to the U.S. Commodity Futures Trading Commission a formal…
Sri Lanka budget lays down plans to clinch IMF deal; markets not enthused
By Uditha Jayasinghe COLOMBO (Reuters) -The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget…
Factbox-Twitter 2.0: Elon Musk warns of bankruptcy, flip-flops on blue check mark in chaotic start
(Reuters) – Twitter has had a bumpy ride since new owner Elon Musk took charge last month. The world’s richest…
Silicon Valley chip startup Cerebras unveils AI supercomputer
By Jane Lanhee Lee OAKLAND, Calif(Reuters) – Silicon Valley startup Cerebras Systems, known in the industry for its dinner plate-sized…
Walmart, Target results will tell how gloomy holidays could get for retailers
By Aishwarya Venugopal and Uday Sampath Kumar (Reuters) – Walmart and Target results this week are likely to show that…
EV startup Faraday Future signs deal to raise up to $350 million
(Reuters) – Faraday Future Intelligent Electric said on Monday it had signed a deal to raise up to $350 million…
German regulator calls on banks to increase risk provisions
FRANKFURT (Reuters) -The president of Germany’s financial regulator, Mark Branson, on Monday called on banks to increase their risk provisions…
India’s Oct retail inflation eases to 6.77% y/y
BENGALURU (Reuters) – India’s annual retail inflation eased to 6.77% in October helped by slower rises in food prices and…