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Musk targets Twitter board as company adopts ‘poison pill’
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Ukraine says first civilians killed in Lviv, fighters cling on in Mariupol
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World Bank says war to cut global growth, boosts financing target
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Oil rises as Libya outages add to Russia supply fears
China Q1 GDP tops forecast, but March weakness raises outlook risks
Date: April 18, 2022
By Kevin Yao and Stella Qiu BEIJING (Reuters) – China’s economy slowed in March as consumption, real estate and exports were hit hard, taking the shine off faster-than-expected first-quarter growth numbers and worsening an outlook already weakened by COVID-19 curbs and the Ukraine war. The biggest near-term challenge for Beijing is the tough new coronavirus...
CEO steers electric truck startup Rivian through supply chain twilight zone
Date: April 18, 2022
By Joseph White NORMAL, Ill. (Reuters) – Rivian Automotive Inc CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them. Scaringe can’t get all the...
Two captured Britons appear on Russian state TV, ask to be swapped
Date: April 18, 2022
(Reuters) -Two British fighters captured in Ukraine by Russian forces appeared on Russian state TV on Monday and asked to be exchanged for a pro-Russian politician who is being held by the Ukrainian authorities. It was unclear how freely the two men – Shaun Pinner and Aiden Aslin – were able to talk. Both spoke...
Global bond funds see big outflows in week to April 13
Date: April 18, 2022
(Reuters) – Global bond funds witnessed massive money outflows in the week to April 13, as investors were worried that the Federal Reserve would start tightening its policy more aggressively to contain rising price pressures, which could slow economic growth. According to Refinitiv Lipper, global investors shed bond funds worth $14.5 billion in the reported...
U.S. envoy vows ‘strongest possible deterrent’ over N.Korea weapons tests
Date: April 18, 2022
By Hyonhee Shin and Josh Smith SEOUL (Reuters) -The United States and South Korea would maintain the “strongest possible joint deterrent” over North Korea’s “escalatory actions”, the U.S. envoy on North Korea said on Monday, amid concerns that Pyongyang was preparing to resume nuclear testing. U.S. Special Representative Sung Kim and his deputy, Jung Pak,...
Explainer-How will Twitter’s board handle Elon Musk?
Date: April 18, 2022
(Reuters) – Many investors, analysts and investment bankers expect Twitter Inc’s board of directors to reject Elon Musk’s $43 billion acquisition offer in the coming days as inadequate, but how would the social media company then proceed? Twitter shares dropped on Thursday after Musk unveiled his offer, as the market deemed it too low and...