Judge in Twitter v. Musk made rare ruling: ordering a deal to close

Judge in Twitter v.  Musk made rare ruling: ordering a deal to close

July 15 (Reuters) – The judge overseeing Twitter Inc’s (TWTR.N) $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a US corporate merger. Kathaleen McCormick took over the role of chancellor or chief … Read more

Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

LONDON, July 14 (Reuters) – European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot US inflation reading increased investor caution about Federal Reserve rate hikes. Wednesday’s data showed US consumer prices jumped 9.1% year-on-year in June, up from May’s 8.6% rise. read more The data was … Read more

China’s exports pick up speed, but global risks darken trade outlook

China's exports pick up speed, but global risks darken trade outlook

Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China February 14, 2019. REUTERS / Stringer / File Photo Register now for FREE unlimited access to Reuters.com Register China June export grows at fastest pace in 5 months June import growth slows, misses f’cast Overall export outlook still faces … Read more

Twitter sues Elon Musk to hold him to $ 44 billion deal

Twitter sues Elon Musk to hold him to $ 44 billion deal

WILMINGTON, Del., July 12 (Reuters) – Twitter Inc (TWTR.N) sued Elon Musk on Tuesday for violating his $ 44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $ 54.20 per Twitter share. “Musk apparently believes that he … Read more

NASA officials gather to unveil Webb space telescope’s first full-color images

NASA officials gather to unveil Webb space telescope's first full-color images

GREENBELT, Md., July 12 (Reuters) – Following a presidential sneak peek of a galaxy-studded image from deep in the cosmos, NASA officials gathered on Tuesday to unveil more of their initial showcase from the James Webb Space Telescope, the largest and most powerful orbital observatory ever launched. The first batch of full-color, high-resolution pictures, which … Read more

Nigerian businesses turn to solar as diesel costs bite

Nigerian businesses turn to solar as diesel costs bite

Solar power panels are seen at the Atlantic Shrimpers farm in Badagry, Lagos, Nigeria July 5, 2022. REUTERS / Temilade Adelaja Register now for FREE unlimited access to Reuters.com Register Rising diesel costs eating into company margins Solar power adoption estimated at below 2% Some solar equipment taking longer to deliver LAGOS, July 12 (Reuters) … Read more

Exclusive: France’s Pernod puts new India investments on hold, citing protracted tax fight

Exclusive: France's Pernod puts new India investments on hold, citing protracted tax fight

Pernod at odds with Indian authorities over tax matters Differences between two sides on valuation of liquor imports Pernod told PM Modi’s office disputes hitting investments French spirits firm one of the biggest liquor companies in India NEW DELHI, July 12 (Reuters) – French spirits group Pernod Ricard (PERP.PA) has put new Indian investments on … Read more

Binance served crypto traders in Iran despite US sanctions, clients say

Binance served crypto traders in Iran despite US sanctions, clients say

Seven Iranians say used Binance for crypto after US reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw US regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran … Read more

KDDI aims to restore service Sunday after 40 mln affected users

KDDI aims to restore service Sunday after 40 mln affected users

A man wearing a protective face mask, takes a photo with his mobile phone at noon, at Shibuya Crossing, during the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan, March 31, 2020. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, July 3 (Reuters) – Japanese mobile carrier KDDI Corp (9433.T) … Read more

Astronaut study reveals effects of space travel on human bones

Astronaut study reveals effects of space travel on human bones

WASHINGTON, July 2 (Reuters) – A study of bone loss in 17 astronauts who flew aboard the International Space Station is providing a fuller understanding of the effects of space travel on the human body and steps that can mitigate it, crucial knowledge ahead of potential ambitious future missions. The research amassed new data on … Read more