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August 8, 2022

Reuters

Wall St trades mixed on Fed tightening fears, Nvidia weighs

Reuters
U.S. Senate approves bill on climate change, drug costs Nvidia slides as slump in gaming demand hits Q2 revenue Tyson Foods down on quarterly profit miss Palantir drops on forecast cut Indexes mixed: Dow up 0.14%; S&P, Nasdaq slip Aug 8 (Reuters) – U.S. stock indexes were mixed on Monday......

U.S. to send $4.5 billion more to Ukraine for budget needs

Reuters
National flags of Ukraine and the U.S. fly at a compound of a police training base outside Kiev, Ukraine, May 6, 2016. Picture taken May 6, 2016. REUTERS/Valentyn Ogirenko Register now for FREE unlimited access to Reuters.com Register Aug 8 (Reuters) – The United States will provide an additional $4.5......

Nvidia warns of lower second-quarter revenue on gaming weakness

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Aug 8 (Reuters) – Nvidia Corp (NVDA.O) on Monday warned its second-quarter revenue would drop by 19% from the prior quarter on weakness in its gaming business, sending the chip designer’s shares down about 8%. The company reported preliminary results for the second-quarter, just days after chipmaker Intel Corp ,......

Biden ‘concerned’ as China extends military drills around Taiwan

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TAIPEI, Aug 8 (Reuters) – China announced new military drills around Taiwan on Monday, eliciting concern from U.S. President Joe Biden, a day after the scheduled end of Beijing’s largest exercises to protest last week’s visit to the island by U.S. House Speaker Nancy Pelosi. China’s Eastern Theatre Command said......

(OFFICIAL) Chile sinkhole grows large enough to swallow France’s Arc de Triomphe

Reuters
Aug 7 (Reuters) – A sinkhole in Chile has doubled in size, growing large enough to engulf France’s Arc de Triomphe and prompting officials to order work to stop at a nearby copper mine. The sinkhole, which emerged on July 30, now stretches 50 meters (160 feet) across and goes......

Man gets life sentence for U.S. hate crimes in Ahmaud Arbery murder

Reuters
A poster depicting Ahmaud Arbery is seen outside the Glynn County Courthouse while Greg McMichael, his son Travis McMichael and William “Roddie” Bryan are tried over the killing of Ahmaud Arbery, in Brunswick, Georgia, U.S., November 23, 2021. REUTERS/Marco Bello Register now for FREE unlimited access to Reuters.com Register BRUNSWICK,......

The unwitting winners of France’s drought: salt farmers

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LE POULIGUEN, France, Aug 8 (Reuters) – Through blistering heatwaves and drought that have parched the French countryside in recent weeks, one group has emerged a reluctant winner: salt farmers in the northwestern region of Guerande. Guerande’s snow-white Fleur de Sel (‘flower of salt’), which crystallizes on the water’s surface,......

France tweaks rules to keep nuclear plants running during heatwave

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PARIS, Aug 8 (Reuters) – France’s nuclear power regulator has extended temporary waivers allowing five power stations to continue discharging hot water into rivers as the country contends with a fourth heatwave of the summer and an energy crisis. High river temperatures have in recent weeks threatened to reduce France’s......

Singapore-based crypto lender Hodlnaut suspends withdrawals

Reuters
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 8 (Reuters) – Hodlnaut, a Singapore-based crypto currency lender and borrower, has......

SoftBank plans Vision Fund job cuts after record net loss

Reuters
SoftBank was in a bubble on valuations- Son No sacred areas for cost cuts- Son SoftBank has exited stake in Uber Announced Y400 bln share buyback TOKYO, Aug 8 (Reuters) – SoftBank Group Corp (9984.T) is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son......

Bolivia’s ‘Death Road’ once haunted drivers. Now it’s a wildlife haven

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LOS YUNGAS, Bolivia, Aug 8 (Reuters) – Bolivia’s decision to open an alternate route to its historic ‘Death Road’ – a serpentine dirt path across the towering Andes hills known for its deadly cliffs – has led to a resurgence of wildlife in the area, according to an environmental group.......

China’s Hainan expands COVID lockdowns to quell outbreak

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BEIJING/SHANGHAI, Aug 8 (Reuters) – China’s Hainan, an island province dependent on tourism, locked down more areas on Monday, state media reported, as it battles its worst COVID-19 outbreak after seeing very few cases in the past two years compared with many other regions in the country. The province, which......

Siemens Energy blames Russia restructuring for wider 2022 loss

Reuters
Siemens Energy’s site is seen on the day of German Chancellor OIaf Scholz’s visit, during which he saw a gas turbine meant to be transported to the compressor station of the Nord Stream 1 gas pipeline in Russia, in Muelheim an der Ruhr, Germany, August 3, 2022. REUTERS/Wolfgang Rattay Register......

Solomons leader did not attend U.S. war memorial service in ‘snub’-media

Reuters
Solomon Islands Prime Minister Manasseh Sogavare attends a meeting with Chinese Premier Li Keqiang (not pictured) at the Great Hall of the People in Beijing, China October 9, 2019. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register SYDNEY, Aug 8 (Reuters) – Solomon Islands Prime Minister Manasseh......

Hong Kong cuts COVID quarantine stay for incoming travellers

Reuters
HONG KONG, Aug 8 (Reuters) – Hong Kong will shorten the COVID-19 hotel quarantine period for all arrivals to three days from seven, taking another step to gradually unwind stringent pandemic rules that have isolated the Asian financial hub. The measures will be effective from Friday, the city’s leader, John......

UPS to buy Italy’s Bomi Group as it eyes cold-chain expansion

Reuters
United Parcel Service (UPS) vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 7 (Reuters) – United Parcel Service Inc said on Monday it would buy Italy-based healthcare-logistics firm Bomi Group to......

Recruiter PageGroup profit surges as staff crunch boosts hiring demand

Reuters
Aug 8 (Reuters) – Global recruiter PageGroup Plc (PAGE.L) reported a 79.3% jump in half-year operating profit on Monday, helped by strong hiring demand from companies amid staff shortages. The London-listed company, which helps hire executives, professionals and clerical staff, said operating profit for the six months ended June 30......

Asia shares subdued, dollar refreshed by U.S. rate risks

Reuters
FILE PHOTO – Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Most Asia markets dip, S&P 500 futures -0.1% Markets......

Japan intends to keep stake in Sakhalin-1 oil project – industry minister

Reuters
A general view of the liquefied natural gas plant operated by Sakhalin Energy at Prigorodnoye on the Pacific island of Sakhalin, Russia July 15, 2021. REUTERS/Vladimir Soldatkin/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 8 (Reuters) – Japan intends to keep a stake in the......

Myanmar ambassador to China died on Sunday – sources

Reuters
BEIJING, Aug 8 (Reuters) – Myanmar’s ambassador to China died on Sunday, according to diplomatic sources, the fourth ambassador to die in China in the past year. Ambassador U Myo Thant Pe was last seen on Saturday meeting a local official in the southwestern Chinese province of Yunnan which borders......

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