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Markets

Explainer: What are stablecoins, the asset rocking the cryptocurrency market?

Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, May 12 (Reuters) – Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a […]

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Economy

Explainer: Does the cryptocurrency crash pose a threat to the financial system?

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 11 (Reuters) – On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in […]

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Business

Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal?

May 11 (Reuters) – Twitter Inc (TWTR.N) shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions about whether the world’s richest person will try to renegotiate the deal. On Tuesday, the implied probability of the deal closing […]

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Mobile

Court says Musk recklessly tweeted that ‘funding secured’ for taking Tesla private

SAN FRANCISCO, May 10 (Reuters) – A court said that Elon Musk’s 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. The decision by US District Judge Edward Chen of San Francisco is a […]

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Markets

Analysis: Pain not over for US bond market but some see yields nearing their peaks

An eagle tops the Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 10 (Reuters) – Interest rate jitters keep hammering the US bond market but some investors are starting to think a possible slowdown in price pressure as well as […]

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Markets

Intel launches new AI chips, challenging Nvidia’s market

Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register JERUSALEM/SAN FRANCISCO, May 10 (Reuters) – Intel Corp (INTC.O) on Tuesday launched a new […]

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Mobile

‘Taking the pistachio’ – Tesco rapped by watchdog over mobile phone ads

A general view of Tesco Extra store, in Warrington, Britain, January 13, 2022. REUTERS/Jason Cairnduff Register now for FREE unlimited access to Reuters.com Register LONDON, May 11 (Reuters) – Britain’s advertising regulator has banned five adverts for Tesco’s (TSCO.L) mobile phone business, saying its use of the words “shiitake” and “pistachio” alluded to expletives and […]

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Internet

Russia downed satellite internet in Ukraine -Western officials

US: Russian hack aimed at disrupting Ukrainian communications UK: Hack was ‘deliberate and malicious’ EU: Attack on Viasat caused ‘indiscriminate’ outages Russia routinely denies it carries out cyberattacks NEWPORT, Wales, May 10 (Reuters) – Russia was behind a massive cyberattack against a satellite internet network which took tens of thousands of modems offline at the […]

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Economy

Ukraine to halt key Russian gas transit to Europe, blames Moscow

Gas pipelines are pictured at the Atamanskaya compressor station, facility of Gazprom’s Power Of Siberia project outside the far eastern town of Svobodny, in Amur region, Russia November 29, 2019. REUTERS/Maxim Shemetov. Register now for FREE unlimited access to Reuters.com Register KYIV/LONDON, May 10 (Reuters) – Ukraine said on Tuesday it would suspend the flow […]

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Celebrity

Celebrity chef Mario Batali acquitted of sexually assaulting woman in Boston

BOSTON, May 10 (Reuters) – Chef Mario Batali was acquitted on Tuesday of sexually assaulting a woman at a Boston bar in 2017 while posing with her for fan “selfie” photos, with the judge doubting the credibility of the accuser in the latest # MeToo was a trial involving a US celebrity accused of misconduct […]