Russia resumes forex purchases as oil price windfall boosts revenues
Russia will resume buying foreign currency on the market for the first time since before the start of the war in Ukraine, according to a statement from the Finance Ministry,…
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Category: Business
US private payrolls beat estimates as hiring rises to 109,000 in April
Private sector hiring in the United States came in stronger than expected in April, offering fresh evidence of labor market resilience and reinforcing the case for the Federal Reserve to…
Is Big Tech’s $725B AI splurge being funded by mass layoffs?
A widely reported figure this past week is that 81,747 tech workers lost their jobs in Q1 2026, the highest quarterly layoff figure the industry has seen in at least…
Australian central bank raises rates for third time as oil shock bites
The Reserve Bank of Australia has raised its official cash rate for the third consecutive time this year, taking it to 4.35% and effectively erasing all the monetary easing delivered…
Evening digest: Oil slips, Bitcoin rallies above $81k as geopolitics shift
Global markets saw mixed signals Tuesday as the US said its ceasefire with Iran remains intact despite fresh clashes near Hormuz, oil prices fell on easing escalation fears, Bitcoin climbed…
How Italy’s MPS went from near collapse to bid for revered merchant bank
By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way. BATTLES IN GENERALI AND MEDIOBANCA…
Markets may be repeating the mistake of 2019, Goldman Sachs warns
Investing.com — Markets may be ignoring an important lesson of 2019, according to Goldman Sachs. The Wall Street bank said in a note that the upcoming January Federal Open Market…
The Onion’s bid to take over Alex Jones’ Infowars is in limbo as new court battles emerge
AUSTIN, Texas — The Onion’s plan to take over the Infowars platforms that Alex Jones built into a bullhorn of conspiracy theories and turn them into parody sites was in…