Emergency call services and telecom companies urge the EU to protect telecom networks from power outages

MILAN/STOCKHOLM/PARIS (Reuters) – Europe’s top telecoms companies and an emergency services lobby on Monday urged Brussels to protect mobile and fixed-line networks from power outages, a letter seen by Reuters showed, as fears grew about the loss of communications. networks during widespread power outages. Europe is facing potential power rationing and blackouts in the aftermath … Read more

EXCLUSIVE: Twitter exec says it’s moving quickly on moderation, with an increase in harmful content

Dec 2 (Reuters) – Elon Musk’s new head of trust and safety told Reuters that Elon Musk’s Twitter site is heavily inclined to automate content moderation and get rid of some manual reviews and would rather limit distribution than remove specific speech immediately. Ella Irwin, Vice President of Trust and Safety Product Management at Twitter, … Read more

The global oil market points to short-term weakness ahead of the EU embargo on Russian oil

NEW YORK (Reuters) – The global oil market is signaling a possible turnaround, as traders and analysts worry about lower demand for crude and an oversupply market in the coming months. After months of strength, crude oil futures are tipping to lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Younger Chinese are rejecting the factory jobs that underpin the economy

SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhou only saw his father a few times a year when he returned for a break from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, working in factories was a lifeline out of rural poverty. For … Read more

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Asian stocks mixed amid Fed warning, China hopes

https://tmsnrt.rs/2zpUAr4 Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden will meet with Xi at the G20 meeting SYDNEY (Reuters) – Asian stock markets were mixed on Monday as a major US central bank warned investors to stay away from single-digit inflation, while Chinese stocks … Read more

Musk warns of Twitter bankruptcy as more CEOs resign

(Reuters) – New Twitter owner Elon Musk on Thursday raised the possibility of the social media platform’s bankruptcy, capping a chaotic day that included a warning from a US regulator and the departure of top executives seen as future leaders. The billionaire told Twitter employees in a phone call he couldn’t rule out bankruptcy, Bloomberg … Read more

Britain froze Russian assets worth 18 billion pounds

Russia bypasses Libya and Iran as prime target of UK sanctions The UK says sanctions are hurting Russia’s military Russia uses chips in kitchen utensils for cabinets The UK government has reported 236 sanctions violations LONDON (Reuters) – The British government said on Thursday it had frozen more than 18 billion pounds ($20.5 billion) in … Read more

European debt market pressures force some governments to rewrite trading rules

Oct 31 (Reuters) – Some euro zone countries have relaxed rules for banks that handle the circulation of their government debt to help them weather some of the toughest market conditions in years, officials told Reuters. Of the 11 major eurozone debt agencies contacted by Reuters, officials in the Netherlands and Belgium told Reuters they … Read more