India’s Adani Begins Record Share Selling as Short Seller Causes $44 Billion Loss

India’s Adani Begins Record Share Selling as Short Seller Causes  Billion Loss

MUMBAI, Jan. 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell 15% on Friday as a damning report from a US short seller sparked defeat among the conglomerate’s listed companies, casting doubt on how investors will responding to the company’s record $2.45 billion in secondary sales. Seven publicly traded companies of the Adani conglomerate … Read more

Explainer: Why is Turkey blocking Swedish and Finnish NATO membership?

Explainer: Why is Turkey blocking Swedish and Finnish NATO membership?

STOCKHOLM, Jan. 25 (Reuters) – Sweden’s and Finnish hopes of quickly joining NATO have hit an obstacle in the form of objections from Turkey, which has veto power over joining the military alliance. The three nations reached an agreement in Madrid last June on how to proceed, but Turkish President Tayyip Erdogan has said Sweden … Read more

The EU wants to send more people back to Africa, the Middle East, Asia

The EU wants to send more people back to Africa, the Middle East, Asia

STOCKHOLM, Jan. 26 (Reuters) – European Union migration ministers are meeting on Thursday to discuss visa restrictions and better coordination within the bloc to help more people without asylum in Europe return to their home countries, including Iraq. Three years after the 27-nation EU agreed to limit visa requirements for countries deemed uncooperative in taking … Read more

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

Musk says Tesla’s price cuts drove demand, 2023 sales could reach 2 million vehicles

25 Jan. (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have fueled demand for its electric vehicles, Chief Executive Elon Musk said Wednesday, allaying concerns that a weak economy would curb buyer interest. The company slightly beat Wall Street’s targets for fourth-quarter revenue and profit earlier on Wednesday, despite a sharp decline in vehicle profit … Read more

India police detain students gathered to watch BBC documentary on Modi

India police detain students gathered to watch BBC documentary on Modi

NEW DELHI, Jan 25 (Reuters) – Students were detained by Delhi police on Wednesday as they gathered to watch a recent BBC documentary on Prime Minister Narendra Modi, which India has denounced as propaganda and streaming and sharing it on social media. media blocked. This follows similar disruptions, some of which turned violent, at rallies … Read more

Microsoft cloud outage affects users around the world

Microsoft cloud outage affects users around the world

A failure has consequences for the Microsoft cloud platform Azure for hours Multiple Microsoft services including Teams and Outlook hit Microsoft says most customers have now restored service Shares down 3.2% Jan. 25 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it had restored all of its cloud services after a network outage knocked out … Read more

North Korea closes capital due to respiratory illness

North Korea closes capital due to respiratory illness

SEOUL, Jan. 25 (Reuters) – Authorities in the North Korean capital of Pyongyang have ordered a five-day lockdown due to rising cases of an unspecified respiratory illness, the Russian embassy and Seoul-based NK News reported on Wednesday, citing a report from the government. The message, shared by the embassy on its Facebook page, said a … Read more

Hindenburg says he has short positions in India’s Adani

Hindenburg says he has short positions in India’s Adani

BENGALURU, Jan. 25 (Reuters) – Hindenburg Research said on Wednesday it has short positions in Adani Group companies through US-traded bonds and non-Indian-traded derivatives, causing shares of companies in the Indian conglomerate to slide. The short-seller said seven listed Adani companies are down 85% fundamentally due to skyrocketing valuations and that “major Adani listed companies … Read more

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers Sri Lanka debt moratorium, IMF aid still questionable

China offers debt service relief in 2022, 2023 Sri Lankan sources are unclear whether a Chinese letter will be enough for the IMF Broad agreement between IMF and China on Zambia could provide clues NEW DELHI/COLOMBO, Jan. 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt, … Read more

Exclusive: Binance Moved $346M For Seized Crypto Exchange Bitzlato, Data Show

Exclusive: Binance Moved 6M For Seized Crypto Exchange Bitzlato, Data Show

LONDON, Jan. 24 (Reuters) – Crypto giant Binance processed nearly $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a “money laundering machine”, according to blockchain data seen by Reuters. The Justice Department said on Jan. 18 that it charged Bitzlato’s co-founder … Read more