By Chibuike Oguh NEW YORK (Reuters) -Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world’s second-lar[...]
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Updated
IMF approves $88.3 million for Malawi under ‘food shock’ loan window
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said its executive board on Monday approved an $88.3 million disbursement to Malawi under the new “food shock window[...]
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Disney’s media sales boss to exit in Iger shake-up
(Reuters) -A day after returning to the company, Walt Disney Co Chief Executive Bob Iger moved to undo a corporate structure put in place by his hand-picked successor. In an email to employees on Mond[...]
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Analysis-China’s great reopening may come too late for many businesses
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of harsh COVID-19 restrictions. B[...]
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Wall Street slips as concerns rise of stricter China COVID curbs
By Carolina Mandl (Reuters) – Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most seve[...]
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Zoom cuts annual revenue forecast on slow online business
By Tiyashi Datta (Reuters) – Zoom Video Communications Inc on Monday lowered its annual revenue forecast, as the video-conferencing platform expects a hit from declining online business. Zoom ch[...]
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U.S. prosecutors opened probe of FTX months before its collapse – Bloomberg News
(Reuters) -Crypto exchange FTX was on the radar of federal prosecutors in Manhattan months before its collapse, Bloomberg News reported on Monday citing people familiar with the investigation. The U.S[...]
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EV startup Faraday Future raises going concern doubt, delays deliveries
(Reuters) -Faraday Future Intelligent Electric said on Monday it had “substantial doubt” about its ability to continue as a going concern, adding that it is uncertain when it can complete[...]
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Musk tells Twitter staff no more layoffs planned – Verge
(Corrects syntax, adds Twitter in headline) (Reuters) – Twitter’s new owner Elon Musk told staff in an all-hands meeting that the company does not plan more layoffs and is recruiting for e[...]
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