Economy

Economy News

Australian prime minister concedes defeat in election

SYDNEY (Reuters) – Australian Prime Minister Scott Morrison said he had conceded defeat in a national election on Saturday, saying that while vote counting was incomplete the opposition Labor party.

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Economy News

Grayscale launches ad campaign ahead of SEC’s Bitcoin Trust ETF decision

Grayscale Investments is pushing to convert the world’s largest publicly traded bitcoin fund into an ETF as a July 6 deadline looms for the Securities and Exchange Commission (SEC) to.

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Economy News

U.S., Japan, Australia, and India to launch tracking system to monitor illegal fishing by China- FT

(Reuters) – U.S., Japan, Australia, and India will unveil a maritime initiative at the Quad summit in Tokyo to curb illegal fishing in the Indo-Pacific, the Financial Times reported on.

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Economy News

Grayscale launches ad campaign ahead of SEC’s Bitcoin Trust ETF decision

Grayscale Investments is pushing to convert the world’s largest publicly traded bitcoin fund into an ETF as a July 6 deadline looms for the Securities and Exchange Commission (SEC) to.

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Business Economy News

UK retail sales jump unexpectedly, but big picture bleak

By Andy Bruce LONDON (Reuters) – British retail sales jumped unexpectedly in April as shoppers loaded up on alcohol and tobacco, likely a blip in an otherwise bleak trend that.

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Economy News

U.S. dollar net long bets slip, bitcoin futures surge-CFTC, Reuters data

NEW YORK (Reuters) – Speculators’ net long positioning on the U.S. dollar slipped, after hitting their highest level since late November in the previous week, according to calculations by Reuters.

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Economy News

Lebanon recovery plan includes central bank debt write-off, haircuts to depositors

By Maya Gebeily, Timour Azhari and Laila Bassam (Reuters) – Lebanon’s government foresees cancelling “a large part” of the central bank’s foreign currency obligations to commercial banks and dissolving non-viable.

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Economy News

U.S. Justice Department releases $5 million for hotlines to report hate crimes

WASHINGTON (Reuters) – The U.S. Justice Department will release $5 million for states to establish hotlines to report hate crime, U.S. Attorney General Merrick Garland said on Friday, as a.

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Economy News

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO (Reuters) – Thousands of people queued for cooking gas and petrol in Sri Lanka’s commercial capital on Friday and Prime Minister Ranil Wickremesinghe.

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Economy News

Zurich Insurance to exit Russian market, sell business to local team

ZURICH (Reuters) -Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest company to.

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