Explainer: What are stablecoins, the asset rocking the cryptocurrency market?

Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, May 12 (Reuters) – Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a … Read more

Crypto meltdown deepens as stablecoin Tether drops below dollar peg

HONG KONG/LONDON, May 12 (Reuters) – The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this … Read more

At the mercy of zealous residential committees, the frustration of Shanghai’s locked vents

SHANGHAI, May 12 (Reuters) – Elizabeth Liu and her husband were elated last week to leave their residential complex in Shanghai for the first time in more than a month. All but one of the buildings in the compound had just been reclassified as low risk after 14 days with no COVID cases. “My husband … Read more

North Korea reports first outbreak of COVID-19, orders lockdown as ‘most serious emergency’

North Korea declares ‘most serious national emergency’ Potential for ‘unprecedented crisis’ for Kim Jong Un – expert Isolated state declined international vaccine offer No North Korean civilian would be vaccinated SEOUL, May 12 (Reuters) – North Korea confirmed its first outbreak of COVID-19 on Thursday, calling it the “most serious national emergency” and ordering a … Read more

Explanation: Some patients reporting COVID rebounds after taking Pfizer pills

May 11 (Reuters) – More than 2.8 million courses from Pfizer Inc. (PFE.N) The COVID-19 oral antiviral treatment Paxlovid has been made available in pharmacies across the United States as the Biden administration works to improve access to the drug. As Paxlovid has become more widely used, some patients have reported that COVID-19 symptoms return … Read more

Chinese plane aborts takeoff and catches fire, causing minor injuries during evacuation

Rescue workers are seen at the site where a Tibet Airlines Airbus A319 plane caught fire after an aborted takeoff, at Chongqing Jiangbei International Airport in Chongqing, China May 12, 2022. cnsphoto via REUTERS Join now for FREE unlimited access to Reuters.com Register BEIJING, May 12 (Reuters) – China’s Tibet Airlines said all passengers and … Read more

Boeing clashes with key supplier ahead of Starliner spacecraft launch

WASHINGTON, May 11 (Reuters) – Boeing Co. (TO PROHIBIT) rivals Aerojet Rocketdyne (AJRD.N)a key supplier to its Starliner spacecraft as the US aerospace giant races to test launch the uncrewed astronaut capsule and repair its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled to launch May 19 … Read more

Explainer: Does the cryptocurrency crash pose a threat to the financial system?

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 11 (Reuters) – On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in … Read more

EXCLUSIVE Tesla halts most production at Shanghai factory, sales plummet in April

Chinese-made Tesla Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Plant will produce less than 200 cars on Tuesday – memo Factory halted work due to supply issues – sources China’s COVID policies … Read more

Shanghai tightens lockdown to achieve zero COVID goal by end of May

SHANGHAI, May 8 (Reuters) – Shanghai is tightening its already strict COVID-19 lockdown in a new effort to eliminate infections outside quarantine zones in China’s biggest city by the end of the month, officials said. people close to the file. Curbs will likely vary across the city’s 16 districts as some have already hit the … Read more