SEVERN, MD – Police officers on patrol in Severn heard a volley of between 15 to 20 gunshots Tuesday and began pursuing a vehicle that had reportedly left the scene …
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By Krystal Hu NEW YORK – Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social …
- Financial News
Production from Stellantis Italy plants to fall for fifth year due to chip crisis-union
by Reutersby ReutersMILAN – Vehicle production from sites owned in Italy by Stellantis and previously its predecessor Fiat Chrysler is set to fall for a fifth consecutive year in 2022 due to …
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(Reuters) – The average interest rate on the most popular U.S. home loan kept climbing last week to stay at more than a three year high, a survey showed on …
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(Corrects to show size of inaugural fund $2.4 billion (not $2.7 billion), paragraph 3) By Chibuike Oguh (Reuters) -Carlyle Group Inc said on Wednesday it has raised $4.6 billion for …
- Financial News
Israeli foodmaker Strauss says U.S. delays may hit 2022 results
by Reutersby Reuters(Fixes typographical error in “its”, paragraph 1) JERUSALEM – Israeli foodmaker Strauss Group on Wednesday warned that its 2022 results could be further hurt by manufacturing delays at its Sabra …
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TAIPEI – Taiwan’s government said on Wednesday it was tightening export curbs to Russia as part of sanctions on the country for its invasion of Ukraine, detailing rules to prevent …
- Financial News
Intel becomes latest Western tech firm to suspend business in Russia
by Reutersby Reuters(Reuters) -U.S. chipmaker Intel Corp said on Tuesday it has suspended business operations in Russia, joining a slew of companies to exit the country following its invasion of Ukraine. The …
- Financial News
Minutes of Fed’s March meeting seen detailing a speedy balance sheet rundown
by Reutersby ReutersBy Howard Schneider WASHINGTON – U.S. Federal Reserve officials on Wednesday will release more details on what’s evolving as a three-year plan to trim several trillion dollars from the stash …
- Financial News
Quick ECB action to rein in inflation could crash economy -Panetta
by Reutersby ReutersFRANKFURT -Growth rates in the euro zone could dip into negative territory this year and European Central Bank policy tightening to bring down high inflation in the near term risks …
- Financial News
IKEA invests $373 million in solar park projects in Germany, Spain
by Reutersby Reuters(Company corrects to say “climate positive” rather than “carbon neutral” in 3rd paragraph) By Anna Ringstrom STOCKHOLM -Ingka Group, the owner of most IKEA stores worldwide, has bought nine solar …
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MADRID -Luis Gallego, the chief executive of British Airways’ parent IAG, said on Wednesday a deal over the protracted acquisition of Spanish low-cost airline Air Europa may take at least …
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By Brenna Hughes Neghaiwi ZURICH – UBS shareholders on Wednesday approved the bank’s climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not …
- Financial News
Will Smith-backed venture capital firm, Paris Hilton invest in blockchain network Boba
by Reutersby Reuters(This April 5 story removes reference to investment by venture capital firm M13 in paragraph 1 after the company clarifies) By Lisa Pauline Mattackal (Reuters) – Ethereum blockchain scaling platform …
- Financial News
Google-backed VerSe valued at $5 billion in latest funding round
by Reutersby ReutersNEW DELHI – India’s VerSe Innovation has raised $805 million in a funding round led by Canada’s top pension fund, putting a $5 billion valuation on the Google-backed parent of …
- Financial News
Exclusive-India probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel
by Reutersby ReutersBy Aditya Kalra and Abhirup Roy NEW DELHI – India’s antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion …
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LONDON – HSBC said on Wednesday it had increased its stake in its China securities brokerage, through a deal to buy equity from its state-owned partner Qianhai Financial Holdings. The …
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A look at the day ahead in markets from Sujata Rao Treasury markets are in full-fledged selloff mode ahead of minutes from the Federal Reserve’s March meeting. With a half-point …
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BENGALURU -Indian digital payments firm Paytm said on Wednesday it is aiming to be operationally profitable by September next year, seeking to allay doubts about its business model that has …
- Financial News
Column-Felling the ‘magic money tree’ as central banks call time :Mike Dolan
by Reutersby ReutersBy Mike Dolan LONDON – The race is on to declare a paradigm shift in the world economy toward higher inflation and interest rates and the jolt to public borrowing …
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BERLIN – German carmaker Volkswagen will axe many combustion engine models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, …
- Financial News
Germany’s Bundesbank warns over bank loans to hot property market -report
by Reutersby ReutersBERLIN – Germany’s Bundesbank is worried about banks lending to overextended buyers in an overheated property market and reserves the right to impose additional curbs, board director Joachim Wuermeling was …
- Breaking NewsNew York NewsPolice Blotter
Multiple Injuries Reported After Airborne Vehicle Crashes into New York State Trooper Car
by Adam Devineby Adam DevineESOPUS, NY – Several people were injured after a vehicle flew into the air after a head on collision with another vehicle that the New York State Police had stopped. …
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ZURICH – Armed with a banking licence from the Swiss Financial Market Supervisory Authority, digital wealth manager Alpian plans to launch in Switzerland in the third quarter of 2022, the …
- Breaking NewsDelaware NewsPolice Blotter
Millsboro Man Facing Multiple Drug and Weapons Charges
by Jeff Jonesby Jeff JonesMILLSBORO, DE – A 20-year-old Millsboro man is facing drug and weapons charges after being pulled over by the Delaware State Police for a routine traffic stop Tuesday morning. Police …