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Robinhood, Coinbase find sanctuary in interest income amid market rout
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European shares kick off November on bright note
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Elon Musk, who runs four other companies, will now be Twitter CEO
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Thomson Reuters keeps outlook, but wary of slowing economy
Scientists in Germany turn up heat on seagrass in climate change fight
Date: November 1, 2022
BERLIN (Reuters) – Scientists in Germany are working on ways to restore seagrass fields in the Baltic Sea, vast natural sinks that store millions of tonnes of carbon but which are shrinking fast in the face of falling water quality, global warming and disease. According to the Geomar Helmholtz Centre for Ocean Research in Kiel,...
Chinese fashion retailer Shein to open permanent ‘event space’ in Tokyo
Date: November 1, 2022
TOKYO (Reuters) – Chinese fashion retailer Shein is to open its first permanent premises in Tokyo this month, the company said on Tuesday, aiming to bolster its online brand with a physical presence. Opening from Nov. 13 on Cat Street in the Harajuku fashion district, it will be the company’s first such physical event space...
Frankfurt steps up efforts to shift euro clearing from London
Date: November 1, 2022
By Huw Jones LONDON (Reuters) – Deutsche Boerse’s derivatives division stepped up efforts on Tuesday to attract a bigger slice of multi-trillion euro derivatives clearing from London to its base in Frankfurt ahead of anticipated European Union legislation. Brussels has likened the need to cut the EU’s heavy reliance on London for euro derivatives clearing...
Prosus and Naspers deny report they are in talks to sell Tencent stake
Date: November 1, 2022
AMSTERDAM (Reuters) -Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as “untrue” a report that they are in talks to sell their large stake in Chinese software and gaming giant Tencent. In a pre-market statement, Amsterdam-based Prosus said an article in Asian Tech Press citing unnamed sources saying that...
Exclusive-Tesla plans mass production start for Cybertruck at end of 2023-sources
Date: November 1, 2022
(Reuters) – Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters. Tesla said last month that it was working on readying its Austin,...
UK’s National Grid launches 50 million pound energy support fund
Date: November 1, 2022
By Nina Chestney LONDON (Reuters) – Britain’s National Grid said on Tuesday it has launched a 50 million pound ($58 million) fund to provide financial relief for consumers struggling with rising energy costs for over the next two winters. The fund will target charities which provide immediate, emergency financial support to households using pre-payment energy...