Twitter CEO says two leaders to depart, hiring paused amid Musk takeover

(Reuters) -Two senior Twitter leaders who oversee the consumer and revenue divisions will depart the social media company, Chief Executive Officer Parag Agrawal told employees in a memo on Thursday, in one of the biggest shake-ups at the company since billionaire Elon Musk announced he would buy it for $44 billion.

newspaper

12-05-2022

World shares sink as inflation, economic fears persist

World equities fell on Thursday to an 18-month-low, with markets dogged by fears high inflation would persist and force central banks to keep tightening monetary policy.

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12-05-2022

Crypto exchange FTX CEO reveals stake in trading app Robinhood

Samuel Bankman-Fried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6% stake in Robinhood Markets Inc on Thursday, capitalizing on the weakness of the shares of the trading app to build a position.

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12-05-2022

Financial giants tiptoe into TikTok

As TikTok accounts focused on money gain huge followings, stodgy financial firms are wedging themselves into youth-oriented social media platforms for a piece of the action.

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12-05-2022

Oil settles mixed amid Beijing lockdown fears, tight supplies

Oil prices settled mixed on Thursday as supply concerns and geopolitical tension in Europe got the upper hand over the economic fears dogging financial markets as inflation soars.

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12-05-2022

Global shares fall on fears of global economic slowdown

Global shares sank to their lowest point in 18 months on Thursday as high inflation, rising interest rates and energy supply fears in Europe have investors worried about an economic slowdown.

newspaper

12-05-2022

Swiss release some frozen Russian assets

The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions to punish Moscow's invasion of Ukraine, a drop from early April as around 3.4 billion francs in provisionally blocked assets were released.

newspaper

12-05-2022