Author: News Room

Damage to two internet cables caused outages in Finland, GlobalConnect said.The overland cables both linked Finland and Sweden, reports said.They are the latest cuts to cables in the Baltic region that power the internet.The severance of two overland fibreoptic cables that carry internet data between Sweden and Finland has raised fears of sabotage.The damage caused widespread outages in Finland, affecting thousands of households.Finnish Minister of Transport and Communications, Lulu Ranne, said Tuesday that authorities were investigating the incidents alongside telecomms company GlobalConnect.”We take the situation seriously,” said Ranne.Niklas Ekström, a spokesman for GlobalConnect, said diggers cutting cables by accident may…

By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Monetary easing by central banks across developed and emerging economies trundled along in November with markets warily gearing up for a new year that could bring tectonic shifts to the global policy making backdrop. Four of the six central banks overseeing the 10 most heavily traded currencies that held meetings in November lowered their lending benchmarks. Central banks in New Zealand and Sweden each shaved 50 basis points off their interest rates while the U.S. Federal Reserve and the Bank of England delivered 25 bps cuts. Policy makers in Australia and…

By Nora Eckert and Chris Kirkham (Reuters) – It might seem like U.S. President-elect Donald Trump’s plan to gut automotive emissions restrictions and fuel-efficiency standards would be a boon to General Motors (NYSE:), America’s leading purveyor of full-sized trucks and SUVs and its biggest tailpipe polluter. Yet GM has emerged as Detroit’s biggest potential loser from Trump’s expected automotive-policy shifts. The automaker may eventually realize moderate benefits from eased pollution restrictions. But GM faces immediate and severe threats from the incoming administration’s plans to end a $7,500 consumer electric-vehicle subsidy, first reported by Reuters, and to slap a 25% tariff…

Gold pushes higher on Tuesday after some Fed speakers indicated they might be leaning towards possibly cutting interest rates in December.  Elevated geopolitical risk from conflicts in the Middle East and the political crisis in France further send investors to Gold.  Technically, XAU/USD could be about to extend a wave c lower as it completes a three-wave pattern.  Gold (XAU/USD) edges higher to trade in the $2,640s on Tuesday after commentary from Federal Reserve (Fed) speakers led to an uptick in the probabilities of the Fed cutting interest rates at its December policy meeting. Lower interest rates are positive for…

On Nov. 3, IOTA led gains among the 100 largest cryptocurrencies by market cap as developers initiated voting for the Rebased upgrade. IOTA (IOTA) rose 46% in the last 24 hours to a six-month high of $0.504, bringing its market cap past $1.7 billion at press time. The gains extended its monthly gains to over 350% while its daily trading volume jumped 83,% hovering over $705 million at the time of writing. The altcoin’s recent price rally was supported by a jump in futures open interest. According to CoinGlass, open interest in the futures market hit a record high of…

Caspar Lee is an ex-YouTuber turned entrepreneur and venture capital fund owner.He shared his tactics for staying fit while running his own businesses and traveling often.These include using AI tools, walking as much as possible, and combining exercise with socializing.Caspar Lee may no longer be a YouTuber, but he’s still involved in the influencer world behind the scenes.Lee, 30, is based in London and co-founded three companies: the marketing agency Influencer, the talent management company MVE, and the venture capital fund Creator Ventures.With so many projects on the go, his schedule looks very different from week to week, and it…

Aprajita Anand has been a life coach for children of the ultrawealthy for over a decade.Anand says most clients come to her after failing to find success with traditional therapy.Anand emphasizes the importance of taking action, shifting motivations, and contributing to others.This as-told-to essay is based on a conversation with Aprajita Anand, 41, a life coach based in New York City. It’s been edited for length and clarity.I’ve been a life coach for children of the ultrawealthy for 12 years. I started on this career path very organically. I was working as a tutor in New York City, largely supporting…

FRANKFURT (Reuters) – Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commodities more expensive, while likely retaliation from Europe will also raise costs. Cipollone, speaking in a pre-recorded interview at a financial conference, took…

By Alexander Marrow LONDON (Reuters) – Russia’s government has approved the sale of Danish brewer Carlsberg (CSE:)’s assets in Russia to VG Invest, a local firm with links to brewery holdings, for 34 billion roubles ($320.75 million), a government document seen by Reuters showed. Moscow seized control of Carlsberg’s stake in Russia’s Baltika Breweries in July 2023 and placed it under “temporary management,” prompting Carlsberg Group CEO Jacob Aarup-Andersen to say that its business had been stolen. Carlsberg’s assets were removed from temporary management on Monday. As part of the deal, Baltika’s stakes in Carlsberg Azerbaijan, Carlsberg Kazakhstan and another…

By Amy Lv and Tony Munroe (Reuters) -China will ban exports to the U.S. of items related to gallium, germanium, antimony and superhard materials that have potential military applications, its commerce ministry said on Tuesday, a day after Washington’s latest crackdown on China’s chip sector. Beijing’s directive on so-called dual-use items, which cites safeguarding national security and interests and takes immediate effect, also requires stricter review of end-usage for graphite items shipped to the United States. “In principle, the export of gallium, germanium, antimony, and superhard materials to the United States shall not be permitted,” the ministry said. The curbs…