EUROPE

ECB and Bank of England raise interest rates again to fight inflation

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London CNN — Europe’s two largest central banks have hiked interest rates sharply on Thursday, opting for bigger increases than the US Federal Reserve as inflation in the region remains near historically high levels. The European Central Bank (ECB) and the Bank of England raised their rates an additional half point. Benchmark interest rates for …

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Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn

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BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as …

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Boeing’s 747, the original jumbo jet, prepares for final dispatch

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The last 747 freighter will be delivered to Atlas Air Ends over five decades of commercial production Boeing on the verge of bankruptcy, before becoming a cash cow Easy to fly, says rock star pilot Bruce Dickinson SEATTLE/PARIS, Jan 29 (Reuters) – The Boeing (BA.N) 747, the original and arguably best-looking “Jumbo Jet”, revolutionized air …

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Rheinmetall plans to increase ammunition production and HIMARS production in Germany

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DUESSELDORF, Jan 29 (Reuters) – German arms maker Rheinmetall is set to dramatically increase production of tank and artillery ammunition to meet strong demand in Ukraine and the West, and may start producing launchers. multiple HIMARS rockets in Germany, CEO Armin Papperger said. Reuters. He spoke days before German defense industry bosses were due to …

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Zelenskyy says Olympics chief should visit Ukraine front line | Athletics News

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Ukrainian president invited the IOC chief to visit Bakhmut in spat over ban on Russian and Belarusian athletes. Ukrainian President Volodymyr Zelenskyy has invited International Olympic Committee (IOC) President Thomas Bach to visit the front-line city of Bakhmut, where Ukraine’s soldiers are engaged in vicious battle with Russian forces. Zelenskyy extended the provocative invitation on …

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Manchin pushes to delay electric vehicle tax credits

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WASHINGTON (AP) — Bolstering his criticisms, the Democratic senator. Joe Manchin on Wednesday proposed delaying new tax credits for electric vehiclesa key part of President Joe Biden’s landmark climate law. Manchin said the guidelines issued by the Treasury Department allow manufacturers in Europe and other countries to circumvent requirements that significant parts of electric vehicle …

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Exclusive: Binance Moved $346 Million For Seized Crypto Exchange Bitzlato, Data Shows

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LONDON, Jan 24 (Reuters) – Crypto giant Binance has handled nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by U.S. authorities last week for allegedly mining a “money laundering engine,” according to blockchain data seen by Reuters shows. The Justice Department on Jan. 18 said it charged Bitzlato co-founder …

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