Military coup puts Telenor’s future in Myanmar on the line
Since Myanmar’s military ordered telecoms operators to shut their networks in an effort to end protests against its February coup, Telenor’s business there has been in limbo. As one of the few Western companies to bet on the South East Asian country after it emerged from military dictatorship a decade ago, the return to army […]
Analysis: Cryptocurrency ethereum is flourishing but risks linger
Ethereum has outperformed major digital currency rivals this year, bolstered by the surge in decentralized finance (DeFi) and the anticipation of a technical adjustment this summer, but it faces hurdles that could stall its rise. With a jump of more than 350% in its price this year, ethereum has the second-largest market capitalization after bitcoin, […]
Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery
While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.
How the U.S. locked up vaccine materials other nations urgently need
To fight the pandemic at home, the United States gave its own vaccine manufacturers priority access to American-made materials needed to make the shots. As a result, the U.S. government laid claim not only to vast quantities of finished COVID-19 vaccines but also to vaccine components and equipment all along the supply chain, according to […]
EXCLUSIVE China urges U.N. states not to attend Xinjiang event next week
China has urged United Nations member states not to attend an event planned next week by Germany, the United States and Britain on the repression of Uyghur Muslims and other minorities in Xinjiang, according to a note seen by Reuters on Friday. “It is a politically-motivated event,” China’s U.N. mission wrote in the note, dated […]
The battle for the future of the US economy is being led by technology stocks!
The Nasdaq 100 Index outperformed, and the Stoxx 600 Index gained more than 1%, with technology stocks leading the way after a decline. Stockholders appeared to shake off inflation concerns that had frightened markets as new signs of skyrocketing inflation emerged. A commodity index hit a two-year high as copper prices surpassed $10,000 per tonne […]
Blinken heads to Ukraine in show of support after Russia troop standoff
U.S. Secretary of State Antony Blinken visited Kyiv on Thursday in a show of support after Russia massed troops near Ukraine’s eastern border in a standoff that sent alarm bells ringing in Western capitals. Blinken is due to meet President Volodymyr Zelenskiy, mixing solidarity with calls for Ukraine to stick to a path of reforms […]
One key to getting women back to work post-pandemic: Childcare
Wendy Niculescu is ready to get back to work after nearly a year and a half of being a stay-at-home mom. She is seeing more job openings in her field of nonprofit fundraising after hiring dried up last year. Niculescu and her husband also feel comfortable sending their children back to in-person day care now […]
Thailand says foreigners to get COVID-19 vaccines amid access concern
Thailand confirmed on Thursday that it plans to include 3 million foreigners living in the country in its mass vaccination programme to protect the entire population, amid concerns over the scope of vaccine access. “Anybody living in Thailand, whether they be Thai or foreign, if they want they vaccine, they can get it,” head of […]
China’s netizens call for crackdown after “blind box” pet rescue
Chinese netizens have urged authorities to crack down on the illegal practice of delivering animals via “blind boxes” after local media reported that 160 puppies and kittens had been rescued from a warehouse in the city of Chengdu on Monday.
