Business

Iranian families struggle to afford the basics as US ratchets up economic warfare

Friday, August 21 by SRN News

TEHRAN, Iran (AP) - Tehran's grocery stores are well-stocked, but many families can barely afford the basics. Unemployment is soaring and those with jobs are working more hours for money worth half as much as a year ago, putting food, medicine and everything else... Read More.

Tesla to fix software for millions of China-made, imported EVs in China

Friday, August 21 by SRN News

BEIJING, Aug 21 (Reuters) - Tesla will roll out software fixes for millions of vehicles in China, the country's market regulator said on Monday, marking the automaker's largest-ever recall in the market. Effective September 25, Tesla will recall 2.98 million China-made and imported Model 3,... Read More.

How Tether’s bitcoin mining plans in Uruguay unraveled

Friday, August 21 by SRN News

By Lucinda Elliott and Elizabeth Howcroft MONTEVIDEO/PARIS, Aug 21 (Reuters) - Uruguay seemed like the perfect place for cryptocurrency giant Tether to launch a bitcoin mining operation. The company, which has issued nearly two thirds of all stablecoins in circulation, picked this still largely agricultural corner... Read More.

Samsung Elec sees up to $79.5 billion available for 2026 shareholder returns

Friday, August 21 by SRN News

SEOUL, Aug 21 (Reuters) - Samsung Electronics said on Friday it has available about 90 trillion won to 110 trillion won ($65 billion to $79.5 billion) for shareholder returns in 2026, subject to business performance, investment and cash flow. Samsung plans to distribute about 30... Read More.

Airbus backs down on return-to-office after protests, sources say

Friday, August 21 by SRN News

By Tim Hepher PARIS, Aug 21 (Reuters) - Airbus has watered down a drive to reduce remote working after protests from unions including a series of strikes in its Spanish facilities, people familiar with the matter said. Many Spanish workers have been staging on-off strikes since... Read More.

Indonesia and China discuss increasing defense cooperation and energy security

Friday, August 21 by SRN News

JAKARTA, Indonesia (AP) - Top ministers for Indonesia and China discussed increasing defense cooperation and strengthening food and energy security between their countries at their meetings Friday in Jakarta. Indonesian Foreign Minister Sugiono said they aimed to ensure a new bilateral dialogue delivered progress toward... Read More.

A date on the calendar could shape the BOJ’s endgame on interest rates

Friday, August 21 by SRN News

By Leika Kihara TOKYO, Aug 21 (Reuters) - The Bank of Japan has set next year's July policy meeting just in time for its two hawkish board members to vote before their five-year terms expire, a scheduling quirk that could prove crucial for how high... Read More.

Morning Bid: So much for the Bessent bid

Friday, August 21 by SRN News

Aug 21 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. So, it took only a day for the "Bessent Bid" to turn into a sell signal. Thirty-year yields have backed up to 5.25% and are almost where... Read More.

Chinese court in Guangzhou accepts bankruptcy case of Evergrande unit

Friday, August 21 by SRN News

BEIJING, Aug 21 (Reuters) - A court in China's Guangzhou has accepted the bankruptcy liquidation case of Hengda Real Estate Group, the mainland property unit of China Evergrande Group, according to a court statement on Friday. The Guangzhou Intermediate People's Court said the application for... Read More.

Treasury buyback renews dollar-debasement fears

Friday, August 21 by SRN News

By Karen Brettell NEW YORK, Aug 21 (Reuters) - The U.S. Treasury's move to expand purchases of older long-dated bonds has revived a familiar worry in foreign-exchange markets: if Washington will not let borrowing costs rise, will the dollar end up absorbing the adjustment instead? On... Read More.

Current Weather

Iranian families struggle to afford the basics as US ratchets up economic warfare

Tesla to fix software for millions of China-made, imported EVs in China

How Tether’s bitcoin mining plans in Uruguay unraveled

Samsung Elec sees up to $79.5 billion available for 2026 shareholder returns

Airbus backs down on return-to-office after protests, sources say

Indonesia and China discuss increasing defense cooperation and energy security

A date on the calendar could shape the BOJ’s endgame on interest rates

Morning Bid: So much for the Bessent bid

Chinese court in Guangzhou accepts bankruptcy case of Evergrande unit

Treasury buyback renews dollar-debasement fears

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