Amazon.com is to cut its stake in British food delivery company Deliveroo to 11.5 in its upcoming initial public offering from 15.8 previously, according to a prospectus published by the company. Deliveroo this week began roadshows for a London IPO and set a price range of between 3.90 and 4.60 pounds per share, which will […]

The Biden administration is considering as much as 3 trillion worth of measures to include in the longterm economic program that will follow the 1.9 trillion pandemicrelief bill signed earlier this month, according to three people familiar with the deliberations. The proposal will be presented to President Joe Biden this week, one person said, asking […]

Britains jobless rate unexpectedly fell in the three months to January, a change that partly reflected people giving up their job hunt as lockdown measures tightened at the start of the year, official figures showed on Tuesday. The main jobless rate dropped to 5.0 in the three months to January from 5.1 in the final […]

The deep anger among some proBritish unionists in Northern Ireland over postBrexit trade barriers that cut it off from the rest of the United Kingdom is emblazoned along the road from Belfast to the mainly Protestant port town of Larne. Posters demanding No Irish Sea Border, Scrap NI Protocol and EU Hands Off Ulster cover […]

Gold futures headed lower on Monday, with strength in the U.S. stock market led by gains in technology stocks, prompting prices for the metal to ease back after settling last week at their highest since late February. A collapse in the Turkish lira, meanwhile, also contributed to losses for gold, with the weaker currency likely […]

The German economy is likely to shrink sharply this quarter as pandemicfighting curbs hit the services sector and even the booming construction industry slows, the Bundesbank said on Monday. In its latest monthly report, the German central bank seemed to abandon its expectations of a rebound in the spring and dropped references to the vaccination […]

U.S. investors are among the many foreigners looking to profit from China, particularly its bond market. One clear area of interest is in government bonds, where the Chinese 10year has a yield of over 3.2. In contrast, the latest rise in U.S. rates has pushed the 10year Treasury yield to only 1.7. That wide difference […]

Struggling to get its vaccine campaign and economic recovery plan in gear, Europe can only watch with envy the stratospheric growth path projected for the stimulusfueled U.S. economy. But officials and economists caution against direct comparisons between the two, noting that much of the divergence masks inbuilt support that European workers and businesses get from […]

Contemporary artist Krista Kim recently sold an NFTminted digital house for 288 ether, valued at over 500,000 based on the cryptocurrencys trading price Wednesday. The creation called Mars House is part of Kims grand vision for the role augmented reality will play in the world, she explained in an interview on CNBCs Squawk Alley. Right […]

Semiconductor Manufacturing International Corporation SMIC, Chinas largest and most important chipmaker, is building a new factory in Shenzhen that will cost 2.35 billion. The company and the government of the southern Chinese city of Shenzhen will jointly put capital into the project. Shenzhen is known as a huge technology hub in China and houses the […]