Author: FX

2/2 © Reuters. Pope Francis shakes hands with Volodymyr Zelenskiy, at the Vatican, May 13, 2023. Vatican Media via REUTERS 2/2 By Philip Pullella ROME (Reuters) -Pope Francis has said in an interview that Ukraine should have what he called the courage of the “white flag” and negotiate an end to the war with Russia that followed Moscow’s full-scale invasion two years ago and that has killed tens of thousands. Francis made his comments in an interview recorded last month with Swiss broadcaster RSI, well before Friday’s latest offer by Turkish President Tayyip Erdogan to host a summit between Ukraine…

A year ago today marks are dark day for one banking equity analyst at JPMorgan. The topic was Silicon Valley Bank, the once high-flying bank that catered to tech startups. It often lent founders huge sums at rates as low as zero per cent so long as they parent company continued to do business with SVB. That obvious conflict of interest hasn’t yet resulted in shareholder lawsuits or IRS trouble (that I know of) but it wasn’t that kind of self-dealing that unwound the bank. Instead it was a reach for yield with bank capital that blew up as rates…

GetYourPic/iStock via Getty Images The Securities and Exchange Commission approved new requirements this week that public companies disclose their greenhouse gas emissions, but without a key provision that was opposed by business groups. The new rule, finalized in a 3-2 vote, would require companies to report on their Scope 1 and Scope 2 emissions, which come from sources a company owns directly and indirectly from the source of energy it purchases and uses. The original proposal included requirements to report Scope 3 emissions, which encompasses emissions produced up and down the supply chain; companies were deeply opposed to this requirement,…

Anna Moneymaker/Getty Images News Updates to add details from The Seattle Times report on Friday The U.S. Department of Justice has launched an investigation into an Alaska Airlines (NYSE:ALK) emergency in which a piece of aircraft fuselage from a Boeing 737 MAX blew out mid-air early this year, The Wall Street Journal reported Saturday, citing people familiar with the matter. According to documents and people, the federal investigators have already contacted some passengers and crew on the ill-fated flight from Ontario, California, to Portland International Airport on Jan. 5. The agency has interviewed pilots and flight attendants, The Journal reported.…

rzelich If $70K isn’t enough, how ‘bout $115K? A looming reduction in bitcoin’s (BTC-USD) supply growth, known as the halving event, is poised to boost the price of the highest-profile cryptocurrency to over $115K in 2024, crypto tax-reporting firm CoinLedger said in a recent study. A year after the past two halvings – there have only been three so far – the price of bitcoin (BTC-USD) surged by an average of 400%, according to the study, which based its $115K price prediction on whether the token is at $69K when it halves in April. A bitcoin (BTC-USD) halving occurs when…

© Reuters. FILE PHOTO: A Sudanese woman, who fled the conflict in Murnei in Sudan’s Darfur region, walks beside carts carrying her family belongings upon crossing the border between Sudan and Chad in Adre, Chad August 2, 2023. REUTERS/Zohra Bensemra/File Photo CAIRO (Reuters) -Sudan’s Rapid Support Forces paramilitary group on Saturday welcomed a call by the United Nations Security Council for a cessation of hostilities in the Muslim holy month of Ramadan, offering a potential respite from the 11-month-old conflict. Ramadan is expected to start on Sunday evening. In a statement, the RSF expressed hope that the Security Council resolution…

Week Ahead 11-15th MarchSat: Chinese Inflation (Feb)Sun: Japanese GDP (R)Mon: Eurogroup Meeting; Norwegian CPI (Feb)Tue: NBH Announcement, EIA STEO, OPEC OMR; UK Labour Market Report (Jan/Feb), US CPI (Feb)Wed: UK GDP (Jan)Thu: IEA OMR; Swedish CPIF (Feb), US PPI (Feb) and Retail Sales (Feb)Fri: Quad Witching, PBoC MLF, Japan’s Rengo (labour union) 1st Pay Tally; US UoM Prelim (Mar),Note: Previews are listed in day orderChinese Inflation (Sat): Global markets will be closed during the release of the latest Chinese inflation data, but nonetheless China is expected to come out of its consumer deflationary trend with the Y/Y CPI expected at…

ilbusca/E+ via Getty Images DraftKings (NASDAQ:DKNG) is set up for a big March with the company’s online sportsbook in North Carolina launching on March 11. Earlier in the year, DraftKings (DKNG) and NASCAR agreed to terms on a written designation agreement, paving the way for the digital sports entertainment and gaming company to operate in the state. After the launch in North Carolina, DraftKings Sportsbook will be available in 27 U.S. states, in addition to Ontario, Canada. DraftKings (DKNG) is holding a launch event in collaboration with NASCAR, with remarks from Carolina Panthers legend Greg Olsen, DraftKings (DKNG) Chief Commercial…

© Reuters. FILE PHOTO: Ireland’s Taoiseach (Prime Minister) Leo Varadkar walks to cast his vote in a referendum on changes to the Irish constitution called the Family Amendment and the Care Amendment, at Scoil Treasa Naofa in Dublin, Ireland March 8, 2024. REUTERS/C DUBLIN (Reuters) -Ireland looked set to reject proposals to replace constitutional references to the makeup of a family and a “mother’s duties in the home” in a significant defeat for the government. Prime Minister Leo Varadkar had pitched the referendum vote, held on Friday to coincide with International Women’s Day, as a chance to delete some “very…

2/2 © Reuters. Workers of Tesla’s plant near Berlin gather in front of the so-called Gigafactory to protest against an arson attack by far-left extremists that has caused a major power outage expected to last until the end of next week, in Gruenheide, near Berlin, March 2/2 (This March 8 story has been corrected to change the weekly output capacity to 6,000 cars in paragraph 7) By Oliver Barth GRUENHEIDE, Germany (Reuters) – Tesla (NASDAQ:)’s German plant near Berlin will resume operations next week, the head of its works council said on Friday, after a power outage stopped production. The…