EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banks EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU lending … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry of Economic Affairs show the heightened state of alert about … Read more

Tata, India’s electric vehicle king, takes a frugal road less traveled

PUNE, India, May 2 (Reuters) – To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand. The area, … Read more

Shanghai marks key COVID milestone, Beijing sits on edge

Shanghai records no COVID cases outside quarantine areas Beijing on tenterhooks, bracing for more restrictions Breakthrough would mark victory for Xi in crucial year Infections ease as China starts Labor Day holiday SHANGHAI / BEIJING, April 30 (Reuters) – Shanghai said on Saturday it had detected no new daily COVID-19 cases outside quarantine areas, marking … Read more

Wall Street tumbles, as European shares again retreat

Nasdaq closes at lowest since late 2020 World, European shares give back earlier gains China stocks fall further as Beijing races to battle COVID Dollar hits fresh 2-year peak on China COVID fears, Fed bets Graphic: Global asset performance WASHINGTON / MILAN, April 26 (Reuters) – US shares tumbled on Tuesday, with the Nasdaq posting … Read more

Cryptoverse: 10 billion reasons why bitcoin could become a reserve currency

April 12 (Reuters) – A cryptocurrency campaign promises to raise $ 10 billion in bitcoin to support its own “stablecoin” is set on fire. It is part of a broader movement to crown bitcoin as the reserve currency of the new century. Seoul-based Terraform Labs has so far built up nearly $ 40,000 worth of … Read more

Cryptocurrency and gambling collide in risky economies “play to earn”

April 8 (Reuters) – Jarindr Thitadilaka says he earned up to $ 2,000 a month last year from his collection of digital pets, which he would breed and send into battle to earn cryptocurrencies. The 28-year-old from Bangkok was playing Axie Infinity, one of a new type of blockchain-based online game called “play-to-earn”, which mixes … Read more

Ukraine demands “sweeping” sanctions against Russia as Europe threatens energy

Borrell EU announces new sanctions before Friday The United States imposes sanctions on Russian banks, Putin’s daughters Zelenskiy is pushing the West to do more in sanctions Ukraine renews demand for full energy embargo LVIV, Ukraine, April 7 (Reuters) – Ukraine wants sanctions crippling enough to force Russia to end war after accusing some countries … Read more