Cryptoverse: Gold coins glimmer amid the global gloom
A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation.
Oil dips in volatile trade amid demand concerns, supply disruptions
Oil prices slipped in volatile trading on Tuesday as investors weighed demand concerns against tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a COVID-19 shutdown.
Analysis: Soaring battery costs fail to cool electric vehicle sales
Buyers around the world are lining up to purchase electric vehicles this year even with sticker prices surging, flipping the script on a decade and a half of conventional auto industry wisdom that EV sales would break out only after battery costs dropped below a threshold that was always just over the horizon.
Explainer: What would Japan’s currency intervention to combat a weak yen look like?
Japanese policymakers escalated their warnings against sharp yen falls with the finance minister saying the currency’s slump to two-decade lows versus the dollar would damage the economy by pushing up living costs at a time wage growth remains slow.
Benettons, Blackstone to launch bid for Atlantia this week – sources
The Benettons and U.S. investment fund Blackstone (BX.N) are aiming to launch a takeover offer for Italy’s Atlantia (ATL.MI)this week without involving directly other partners for now, two sources close to the matter said on Monday.
Global growth optimism at all-time low, fund manager survey finds
Optimism among fund managers over global economic growth has hit an all-time low while concerns of possible stagflation have risen to the highest since August 2008, a monthly survey by investment bank BoFA Securities showed on Tuesday.
OPEC tells EU it’s not possible to replace potential Russian oil supply loss
OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not pump more.
How Meta fumbled propaganda moderation during Russia’s invasion of Ukraine
Days after the March 9 bombing of a maternity and children’s hospital in the Ukrainian city of Mariupol, comments claiming the attack never happened began flooding the queues of workers moderating Facebook and Instagram content on behalf of the apps’ owner, Meta Platforms
Cryptoverse: 10 billion reasons bitcoin could become a reserve currency
A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown bitcoin as the reserve currency of a new age.
Euro slips vs dollar ahead of expected red-hot U.S. inflation
The euro fell on Tuesday unable to hold on to the post-French election gains, as the dollar held firm supported by high U.S. yields ahead of inflation data expected to reinforce bets of aggressive monetary tightening.
