Singapore startup Zilingo fires CEO after suspension

Singapore startup Zilingo fires CEO after suspension

SINGAPORE, May 20 (Reuters) – Singapore-based Zilingo said on Friday it had fired Chief Executive Ankiti Bose after an independent investigation into complaints about what the fashion technology startup described as “serious financial irregularities”. Bose, 30, the face of Zilingo at industry forums and investor meetings, told Reuters she was wrongfully dismissed. “The board has … Read more

Amazon lines up satellite launches to take on Musk’s Starlink

Amazon lines up satellite launches to take on Musk's Starlink

April 5 (Reuters) – Amazon.com Inc (AMZN.O) has secured rocket launches with three companies, the company said on Monday, as it spends billions on putting together a satellite constellation to beam broadband internet that will rival Elon Musk-owned SpaceX’s Starlink. The e-commerce giant said its Project Kuiper has secured 83 launches over five years and … Read more

Oil dips as coronavirus worries offset more Russia sanctions

Oil dips as coronavirus worries offset more Russia sanctions

Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register China extends lockdown in Shanghai EU and US plan more sanctions on Russia for alleged war crimes IEA still discussing how much oil to release from stockpiles Upcoming … Read more

Russian auto boomtown grinds to halt over Ukraine sanctions

Russian auto boomtown grinds to halt over Ukraine sanctions

Kaluga car plants halt production Car demand falls, food prices soar Some hope Western resolve won’t last Others have seen crises pass before April 5 (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with … Read more

Exclusive: Canada to invest C$2 billion on mineral strategy for EV battery supply chain

Exclusive: Canada to invest C$2 billion on mineral strategy for EV battery supply chain

OTTAWA, April 4 (Reuters) – Canada’s federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. Prime Minister Justin Trudeau’s government, which is due to release … Read more

Exxon signals record quarterly profit from oil and gas prices

Exxon signals record quarterly profit from oil and gas prices

Signage is seen on a gasoline pump at an Exxon gas station in Brooklyn, New York City, US, November 23, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register HOUSTON, April 4 (Reuters) – Exxon Mobil Corp (XOM.N) on Monday said its first-quarter results could top a seven-year quarterly record, with operating … Read more

Wall St climbs as megacap growth stocks gain, Twitter surges

Wall St climbs as megacap growth stocks gain, Twitter surges

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter soars after Elon Musk reveals 9.2% stake US-listed Chinese companies surge Utilities, real estate lag among S&P 500 sectors Indexes up: Dow 0.07%, … Read more

Musk takes 9% stake in Twitter to become top shareholder

Musk takes 9% stake in Twitter to become top shareholder

Stake valued at about $3 billion Twitter shares surge 20% April 4 (Reuters) – Tesla Inc (TSLA.O) top boss Elon Musk revealed a 9.2% stake in Twitter Inc (TWTR.N), worth nearly $3 billion, making him the micro-blogging site’s largest shareholder and triggering a more than 25% rise in the company’s shares. Musk’s move comes close … Read more

Stocks, dollar rise; European leaders urge further Moscow sanctions

Stocks, dollar rise;  European leaders urge further Moscow sanctions

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US stocks mostly higher in early trade Oil prices gain US dollar strengthens NEW YORK, April 4 (Reuters) – Stocks on global indexes … Read more

JPMorgan’s Dimon warns of potential $1 billion loss from Russia exposure

JPMorgan's Dimon warns of potential $1 billion loss from Russia exposure

JP Morgan CEO Jamie Dimon looks on during the inauguration the new French headquarters of JP Morgan bank in Paris, France June 29, 2021. Michel Euler/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 4 (Reuters) – JPMorgan (JPM.N) boss Jamie Dimon warned on Monday that the bank could … Read more