Monday 21 March 2022

Reuters Business: Boeing's worst crashes over the last decade

Boeing's worst crashes over the last decade

A Boeing 737-800 jet operated by China Eastern Airlines crashed in the mountains of southern China on Monday. Media reports said there were no signs of survivors from the aircraft, which had 132 people on board.

Buffett ends drought with $11.6 bln Alleghany purchase

The 91-year-old billionaire had bemoaned a lack of good investment opportunities.

U.S. rate futures raise odds for hefty rate hike in May after Powell comments

Federal funds rate futures on Monday raised the chances of a half percentage-point tightening by the Federal Reserve at the next policy meeting in May, after hawkish comments from Fed Chair Jerome Powell.

Nike sales beat estimates as North America sneaker demand jumps

Nike Inc beat quarterly revenue and profit estimates on Monday on robust holiday demand for its sports shoes and apparel in North America, even as supply issues dented sales in China.

White House warns U.S. companies about 'preparatory' Russian hacking -senior official

Senior White House cybersecurity official Anne Neuberger said on Monday that important U.S. companies that provide critical infrastructure should improve their cyber defensive posture because of ongoing digital threats from Russia.

Crypto sector posts outflows for 2nd straight week -CoinShares

Cryptocurrency investment products and funds showed net outflows for a second straight week, a report from digital asset manager CoinShares showed on Monday, on persistent concerns about regulation and the possible fallout from the Russia-Ukraine conflict.

U.S. asks judge to sanction Google in pretrial document fight

The U.S. Justice Department, which has accused Alphabet Inc's Google of breaking antitrust law in its search business, asked a judge to find that the company abused an attorney-client privilege designation to avoid turning over documents.

Rhode Island reaches $107 mln opioid settlements with drugmakers

Rhode Island's attorney general on Monday announced settlements he valued at $107 million against the drugmakers Teva Pharmaceutical Industries and AbbVie's Allergan unit to resolve claims over their roles in fueling an opioid epidemic in the state.

Russia finds Meta guilty of 'extremist activity' but WhatsApp can stay

A Moscow court said on Monday that Meta was guilty of "extremist activity", but the ruling will not affect its WhatsApp messenger service, focusing on the U.S. firm's already banned Facebook and Instagram social networks.

Ghana imposes record interest rate hike to slow inflation

Ghana's central bank announced its biggest ever interest rate hike on Monday as it seeks to slow rampant inflation that threatens to create a debt crisis in one of West Africa's largest economies.

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