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Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens

(Clarifies Fineqia is a crypto-focused investor) By Hannah Lang and Lisa Pauline Mattackal (Reuters) -For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency – designed as an alternative to regular cash – in favor of its descendants …

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Factbox-U.S. state abortion legislation to watch in 2023

By Gabriella Borter (Reuters) – Battles over abortion are heating up in state capitols across the United States as lawmakers wrestle with how much to restrict or expand access after the U.S. Supreme Court overturned Roe v. Wade last year. Here is a snapshot of state legislation seeking to restrict or protect abortion access in …

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Fed’s Powell sets the table for higher and possibly faster rate hikes

By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the “totality” of incoming information suggests tougher measures are needed to control inflation, Fed Chair Jerome Powell told U.S. …

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Ukraine seeks US cluster bombs to adapt for drone use – lawmakers

(This March 6 story has been corrected to delete size of U.S. stockpile and reference to Textron previously making MK-20 cluster bomb in paragraph 15) By Jonathan Landay WASHINGTON (Reuters) – Ukraine has broadened a request for controversial cluster bombs from the United States to include a weapon that it wants to cannibalize to drop …

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Twitter’s lead EU regulator concerned over blue tick roll-out

By Conor Humphries DUBLIN (Reuters) – Twitter’s lead European Union privacy regulator said on Tuesday she was concerned that the Elon Musk-owned U.S. firm had launched its Twitter Blue subscription service in the region without consulting her office, despite a pledge to do so. Twitter, which did not immediately respond to a request for comment, …

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New EU-US data pact may come too late for Facebook -regulator

By Conor Humphries DUBLIN (Reuters) – A new pact to facilitate the safe transfer of EU citizens’ personal data to the United States might not come into force in time to avoid a suspension of Facebook’s transatlantic data flows, the U.S. firm’s lead European regulator said on Tuesday. Facebook owner Meta, which has warned a …

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Wall St ends sharply lower, Treasury yield inversion widens after Powell remarks

By Stephen Culp NEW YORK (Reuters) – U.S. stocks plummeted, the greenback jumped and the Treasury yield inversion hit its steepest mark in more than four decades on Tuesday as Federal Reserve Chairman Jerome Powell concluded the first day of his semi-annual, two-day monetary policy testimony before Congress. All three major U.S. stock indexes lost …

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Britain uses coal-power back up for the first time with supply tight

By Nora Buli and Susanna Twidale (Reuters) -Britain’s National Grid called on reserve coal-power units for the first time to provide electricity during a period of expected tight supplies on Tuesday as a cold snap sweeps the country. The energy grid operator warned in October that homes could face three-hour rolling power cuts this winter …

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Oil falls by $3/bbl as investors brace for steeper US rate hikes

By Laila Kearney NEW YORK (Reuters) -Oil prices fell by $3 a barrel on Tuesday after comments from U.S. Federal Reserve Chair Jerome Powell stoked rate hike fears, the dollar strengthened and top crude importer China issued weak data. Brent crude futures shed $2.89, or 3.4%, to settle at $83.29 a barrel, while the U.S. …

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UK tells small-boat migrants: we will detain and deport you

By Andrew MacAskill and Kylie MacLellan LONDON (Reuters) -Britain has set out details of a new law barring the entry of asylum seekers arriving in small boats across the Channel, a proposal some charities say could be impractical and criminalise the efforts of thousands of genuine refugees. Prime Minister Rishi Sunak has made stopping boat …

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