Reuters Financial News

Crypto exchange Binance is laying off employees in response to an ongoing Justice Department probe that is likely to end with a consent decree or settlement, according to a current employee who is familiar with the company's plans.

Emily Blunt, Rami Malek, Matt Damon walked out of their upcoming movie ‘Oppenheimer’ premiere midway in London, several other actors will join picketing lines in New York and Los Angeles on Friday.  The double strike threatens to shut down the small number of productions that continued shooting in the two months since screenwriters stopped working. Many actors made a show of solidarity on the writers' picket lines, including Fran Drescher, the Screen Actors Guild-American Federation of Television and Radio Artists president and former star of “The Nanny." The union's 65,000-member actors' branch will now formally join them as fellow strikers.

However, Ripple's victory in the case brought by the SEC was only partial, with US district judge Analisa Torres also ruling that institutional sale of XRP did violate federal securities law.Nevertheless, the news sent XRP's price soaring 75% late on Thursday, with Ripple CEO Brad Garlinghouse telling Reuters that the ruling is a “a huge win for Ripple but more importantly for the industry overall in the US”.Crypto exchange Coinbase quickly said it will add XRP back to its platform and saw its own share price jump by over 20%.The SEC filed suit against Ripple, Garlinghouse and co-founder Christian Larsen in 2020, alleging that they "raised over $1.3 billion through an unregistered, ongoing digital asset securities offering".The judge has ruled that "programmatic" sales - through exchanges and algorithms - were not offers of securities under the law because it could not be said with certainty that buyers had “a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others".

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ESG) metrics are tougher than those mandated globally, said a senior executive at KPMG. India's market regulator on Wednesday mandated that the top 150 listed companies by market capitalisation would have to give «reasonable assurance» on ESG metrics starting this financial year. That would mean a company's auditor would check its ESG metrics and disclosures, tracing them to their source to confirm accuracy.

India's merchandise trade deficit in June stood at $20.13 billion, according to a Reuters calculation based on export and import data released by the government on Friday. Merchandise exports stood at $32.97 billion, while imports were $53.10 billion in June.

Airport in London will initiate an eight-day strike in the coming weeks due to a disagreement regarding wages. As reported by Reuters, the union expressed concerns about potential disturbances and flight cancellations at the airport as a result of the strike action. According to a previous report by Reuters, the British airline stated that it possessed a sufficient quantity of crew members and pilots at its disposal.

OTT platforms, objected and no decision was reached, according to government minutes of the talks and an industry source who attended. The ministry "highlighted concerns regarding obscene and vulgar content on OTT platforms, as expressed by Members of Parliament, citizen groups, and the general public," said the minutes, which are not public but were seen by Reuters. Netflix and Amazon have become hugely popular in India, which is set to grow into a $7 billion market for the sector by 2027, according to Media Partners Asia.

BYD Co, in conjunction with the privately held Hyderabad-based Megha Engineering and Infrastructures, has reportedly submitted a proposal to Indian regulators for the formation of an electric vehicle (EV) joint venture., as per Reuters. Reportedly, the strategic vision involves the establishment of a comprehensive range of BYD-branded electric vehicles (EVs) in India, spanning from hatchbacks to luxury models.

Elon Musk, Tesla is also exploring the possibility of utilizing India as a manufacturing hub to export cars to nations in the Indo-Pacific region, according to the same report. According to the report, the vehicles from Tesla will have a starting price of 2 million rupees ($24,400.66). This price point is more than double the cost of India's most affordable electric vehicle, the MG Comet, and half a million rupees higher than the Tata Nexon EV, which currently holds the position of the highest-selling electric car in the country.

By Chen Lin

Narendra Modi is set to receive a prestigious recognition during his visit to France, as he will be the guest of honour at the Bastille Day 2023 military parade. The parade, taking place in Paris, will feature French and Indian soldiers marching down the iconic Champs-Elysees avenue. As a symbolic display of cooperation, the Indian Air Force's Rafale fighter jets, purchased from France in 2015, will participate in the fly-past over the renowned Arc de Triomphe.

Also read: Japan Accuses Australia of Betrayal in Fight Over Natural-Gas Exports Lowe will leave office on September 17, marking the end of his 43-year career at the central bank. Lowe is due to accompany Chalmers to a Group of 20 meeting in India next week. "This is a history-making appointment, Michele Bullock will become the first woman to ever lead the Reserve Bank in this country," said Chalmers reported Reuters.

aspartame is a «possible carcinogen» but it remains safe to consume at already-agreed levels, two groups linked to the World Health Organization (WHO) declared on Friday. The rulings are the outcome of two separate WHO expert panels, one of which flags whether there is any evidence that a substance is a potential hazard, and the other which assesses how much of a real-life risk that substance actually poses.

Microsoft Corp and Activision Blizzard are considering giving up some control of their cloud-gaming business in the UK to appease regulators so they can complete their $69 billion merger, Bloomberg News reported on Thursday. The deal, the largest in the history of the video game industry, was also struggling in Britain until this week. Britain's Competition and Markets Authority, which had opposed the transaction, said on Wednesday a restructured deal between Microsoft and Activision Blizzard could satisfy its concerns, subject to a new investigation.

Investing.com — With U.S. inflation data and rate hike concerns baked into the cake, OPEC did a grandstanding Thursday on its demand forecast for the current year and next to show all was hunky and dory with the oil market. 

By Michelle Nichols

Investing.com -- The bankrupt cryptocurrency lender Celsius Network has been fined $4.7 billion and permanently banned from handling consumers' assets by U.S. trade regulators, while three of its former executives were charged with duping into transferring their digital tokens into the platform.

Haleon, the world's biggest standalone consumer health business, is planning to cut hundreds of roles in the UK and potentially thousands worldwide, the Guardian reported on Thursday. The company behind the Sensodyne toothpaste and Advil painkillers was spun off from GSK last year and has more than 24,000 staff globally.

(Reuters) — Goldman Sachs Group (NYSE:GS) has sold $1 billion of personal loans from its consumer unit, Marcus, to alternative investment firm Varde Partners, Bloomberg News reported on Thursday, citing people with knowledge of the transaction.

Perrigo's contraceptive drug, making it the first non-prescription birth control pill in the United States. The availability of Opill without prescription could allow people to obtain an oral contraceptive without the need to first see a health care provider, the FDA said.