Business

Tesla loses more than quarter of a trillion in a month as rally fizzles

Credit Reuters Shares of Tesla Inc closed lower for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $277 billion off the company’s market value over the last month. High-flying tech stocks, which powered the market’s rebound from the pandemic lows in March last year, have been hit

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Biden, Dems prevail as Senate OKs $1.9T virus relief bill

President Joe Biden speaks in the State Dining Room of the White House, Saturday, March 6, 2021, in Washington. The Senate approved a sweeping pandemic relief package over Republican opposition on Saturday, moving Biden closer to a milestone political victory that would provide $1,400 checks for most American and direct billions of dollars to schools,

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Turkey hands over military barracks to Somalia

As part of restructuring Somali army, barracks built by Turkey handed over to authorities, says National Defense Ministry Turkey on Saturday handed over military barracks to Somalia, according to an official statement. “As part of restructuring the Somali Armed Forces, the Northern Barracks – 1st Stage Facilities built by Turkey in Mogadishu were handed over

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EU says it expects financial services deal with UK, but trust an issue

Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/Illustration By Huw Jones LONDON (Reuters) – Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to

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World shares track Wall St decline as bond yields rebound

A currency trader gestures at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 4, 2021. Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may prompt central banks to raise ultra-low interest

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Rishi Sunak: economic recovery will be ‘swifter and more sustained’

Credit PA Media Victoria Jones Chancellor of the Exchequer, Rishi Sunak outside 11 Downing Street, London, before heading to the House of Commons to deliver his Budget. Picture date: Wednesday March 3, 2021. By David Hughes The UK’s recovery from the economic damage caused by coronavirus will be “swifter and more sustained” than previously thought,

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UK Treasury boss to extend job support, tax breaks in budget

A cleaner sweeps up in front of 11 Downing Street in London, Wednesday, March 3, 2021. Britain’s Chancellor of the Exchequer Rishi Sunak will depart from his official residence to announce his new Budget later Wednesday in parliament. (AP Photo/Kirsty Wigglesworth) LONDON (AP) — Britain’s treasury chief is expected to extend job support programs and

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Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. REUTERS/Aly Song By Yingzhi Yang, Brenda Goh BEIJING (Reuters) – Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers

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Asian stocks sink after Wall St rises

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, March 2, 2021. Asian stock markets were mixed Tuesday after Wall Street rose as investor concern about possible higher interest rates receded. (AP Photo/Vincent Yu) BEIJING (AP) — Asian stock markets declined

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European shares jump and bond markets recover; February PMIs in focus

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 25, 2021. REUTERS/Staff LONDON (Reuters) – European shares jumped on Monday and the bond market calmed, with yields dropping from their recent spikes, while optimism about U.S. fiscal stimulus sent oil prices higher. After Asian stocks rallied overnight,

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