Euro falls as Germany enters recession, dollar hits 2-month high

Euro falls as Germany enters recession, dollar hits 2-month high

(1/2) Euro and US dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic TOKYO, May 25 (Reuters) – The euro fell on Thursday as Europe’s biggest economy, Germany, was confirmed in recession, while the dollar hit a two-month high, benefiting from a seek refuge as concerns mount over a US default. … Read more

AAArrgg! Stocks in debt ceiling danger zone after US rating warning

AAArrgg!  Stocks in debt ceiling danger zone after US rating warning

(1/2) The US Capitol is reflected in a falling puddle amid ongoing negotiations seeking a deal to raise the US debt ceiling and avert a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE, May 25 (Reuters) – Markets were stuck in U.S. debt ceiling limbo on Thursday as Europe largely shrugged … Read more

‘Queen of rock ‘n’ roll’ Tina Turner dies at 83

‘Queen of rock ‘n’ roll’ Tina Turner dies at 83

May 24 (Reuters) – Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died on Wednesday at the age of 83. She died peacefully after a long illness in her home in Küsnacht near Zurich, Switzerland, her representative said. … Read more

Stars step out for Cannes premiere of Wes Anderson’s ‘Asteroid City’

Stars step out for Cannes premiere of Wes Anderson’s ‘Asteroid City’

(1/5) The 76th Cannes Film Festival – Screening of the film ‘Asteroid City’ in competition – Red Carpet Arrivals – Cannes, France, May 23, 2023. Director Wes Anderson and cast members Matt Dillon, Scarlett Johansson, Jason Schwartzman, Tom Hanks, Jeffrey Wright and Damien Bonnard pose. REUTERS/Sarah… Learn more CANNES, May 23 (Reuters) – A busload … Read more

UBS in talks with Swiss authorities over Credit Suisse deal protections

UBS in talks with Swiss authorities over Credit Suisse deal protections

May 23 (Reuters) – UBS Group AG (UBSG.S) said on Tuesday it was negotiating with Swiss authorities over loss protections related to its takeover of Credit Suisse Group AG (CSGN.S) and its demands capital regulations. The disclosure underscores how aspects of the merger between the two banks, hastily arranged over a weekend in mid-March by … Read more

Virgin Orbit auctions off $36m in remaining assets as company folds

Virgin Orbit auctions off m in remaining assets as company folds

WASHINGTON, May 23 (Reuters) – Richard Branson’s bankrupt satellite launch company Virgin Orbit revealed on Tuesday that it was closing for good after a $36.4 million sale of assets, including a agreement to sell most of its Long Beach, Calif., headquarters to small launch company Rocket Lab USA Inc. (RKLB.O) Rocket Lab, the veteran small-rocket … Read more

Meta sells Giphy to Shutterstock to comply with UK regulator’s order

Meta sells Giphy to Shutterstock to comply with UK regulator’s order

May 23 (Reuters) – Shutterstock Inc (SSTK.N) said on Tuesday it would buy motion-picture platform Giphy Inc from Meta Platforms Inc (META.O) for $53 million in cash, months after that the Facebook owner has agreed to divest the company over competition concerns. Last year, the UK competition regulator ordered Meta to sell Giphy over concerns … Read more

Disgraced Australian-born former artist Rolf Harris dies aged 93

Disgraced Australian-born former artist Rolf Harris dies aged 93

Child sex abuse convictions ended 50-year career The artist was imprisoned and stripped of his honors Harris was a household name in Britain and Australia LONDON, May 23 (Reuters) – Rolf Harris, a mainstay of family entertainment in Britain and Australia for more than 50 years before his career fell out of favor with his … Read more

Shell CEO protected by security as climate protesters try to storm shareholder meeting

Shell CEO protected by security as climate protesters try to storm shareholder meeting

(1/11) A climate activist is sacked after disrupting Shell’s annual general meeting in London, Britain May 23, 2023. REUTERS/Ron Bousso GA delayed by protests Climate activist resolution wins 20% of votes LONDON, May 23 (Reuters) – Security personnel shielded Shell (SHEL.L) chief executive Wael Sawan and company directors as climate protesters tried to take to … Read more

Japanese Mizuho expands into US banking with $550m deal with Greenhill

Japanese Mizuho expands into US banking with 0m deal with Greenhill

May 22 (Reuters) – Mizuho Financial Group Inc is to buy U.S. mergers and acquisitions advisory firm Greenhill & Co Inc for $550 million including debt, the companies said on Monday. as Japan’s third-largest lender eyes a bigger share of the world’s largest investment banking fee pool. Greenhill shares more than doubled to close at … Read more