Author: Press Room

Australia’s largest investment bank expects a recession in the US and headwinds in Europe from inflation and the energy crisis, as it profited from volatility in global energy markets.Macquarie Group said on Friday its energy and commodities business drove revenue in the first six months of its financial year ending next March as its clients sought to hedge their exposure to gas, power, oil and minerals prices, which have been hit by the war in Ukraine. The financial services company said net operating income rose 11 per cent year on year to A$8.6bn ($5.6bn) during the six months up to…

The CEO of Bank of America, one of the financiers of Elon Musk’s Twitter takeover, doesn’t appear worried about the deal.CNBC reported on Thursday that Musk is now in charge of Twitter. Binance, one of the investors in the deal, told CNBC the acquisition has closed.After Musk first announced plans to buy Twitter in April, he secured equity financing from an array of investors, including technology firms, as well as debt financing from a number of investment banks. One of those was Bank of America.But with the rout in technology stocks this year and investors cautious on risky assets, that…

A fake video is circulating online claiming to show a Euronews report about a Russian art auction amid the Ukraine war.The video has not been produced or published by Euronews and no such auction is due to take place.In the 67-second video, it is falsely claimed that “a unique auction of Russian art” will take place in Germany to support Kyiv.The clip falsely alleges that Auction house Bolland & Marotz is inviting art collectors to donate paintings by Russian artists or manuscripts from Russian composers.It falsely claims that the works will then be “publicly destroyed” and the proceeds supposedly donated…

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.New crypto card game Calvaria is attracting huge investment in its presale and has now raised almost $500,000 in just a few days since going live.The project has a unique advantage over other play-to-earn (P2E) gaming projects because it will release two versions of its main game – P2E and free-to-play (F2P) – in a bid to finally attract casual and traditional gamers to the blockchain.Calvaria Finds Solution for Blockchain GamingDespite games such as The Sandbox and Decentraland boasting…

Glencore has cut its guidance for zinc, nickel and coal production, as disruption from the war in Ukraine, flooding in Australia and industrial action have reduced its output.The worsening outlook mirrors the rest of the mining industry, which is under pressure from bad weather, higher costs and supply chain challenges.The Switzerland-based resources company, the world’s biggest publicly listed commodities trading house and one of the most profitable mining groups, lowered its guidance for coal — its biggest cash generator — by 9 per cent for the full year.During the third quarter, Glencore’s production of coal, zinc and nickel from its…

CNN  —  The conditions are ripe for Republicans to win the US House of Representatives next month. So while Senate control is still up for grabs, the discussion on the House side has shifted to just how large a possible new GOP majority could be. Republicans only need a net gain of five seats to win the chamber. They can get there just by picking up Democratic-held seats that former President Donald Trump won in 2020, plus others that shifted closer toward the GOP in redistricting. They can pick up even more seats by winning in suburban areas that deserted…

Major crypto exchange Binance has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover. Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng ‘CZ’ Zhao tweeted today (UTC time):”Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter.”CZ was referring to a question asked in Saudi Arabia, where he was attending a conference, about whether he’d stand by the financial commitment to Musk. According to Bloomberg’s report on Tuesday, the CEO replied,”I think so.”CZ further commented on the deal in his…

Head of UN Climate Change says governments need to strengthen their climate plans and implement them in the next eight years.A new report by the United Nations has warned that the climate plans from governments worldwide remain insufficient to limit rising temperatures to 1.5 degrees Celsius as set out in the 2015 Paris Agreement. With the planet already suffering from climate-related storms, heatwaves and floods amid temperatures of 1.2C above pre-industrial levels, the UN’s climate experts said on Wednesday the world was still failing to act with sufficient urgency to curb greenhouse gas emissions. “We are still nowhere near the…

Airbus has stuck by its target to deliver 700 aircraft by the end of this year and raised its outlook for free cash flow but warned that supply chains remained fragile because of raw material and labour shortages.The European aircraft maker said on Friday it was still working towards a monthly production rate of 75 for its A320 family of single-aisle jets by 2025. The company is also assessing higher production rates for its large widebody aircraft to meet growing demand as international air travel recovers from the huge hit taken during the pandemic. Guillaume Faury, Airbus chief executive, said…

Tuan Tuan and his breeding mate Yuan Yuan were given to Taiwan by Beijing at a time when relations between the two neighbours were more cordial. In a nod to the Chinese Communist Party’s goal of one day taking Taiwan, their names combined mean “reunion” or “unity”. The couple became huge stars in Taiwan and Yuan Yuan has since given birth to two female cubs. “He (Tuan Tuan) was small and so cute when he first got here,” said Heng Ling-lin, who brought her children to Taipei Zoo to sign get-well notes. “He was like everybody’s baby,” she told AFP.…