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Employees cast ingots of 99.99 percent pure gold during production at a precious metals plant in the city of Krasnoyarsk, January 31, 2023. REUTERS/Alexander Manzyuk/File Photo
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- Rivalry with China, fallout from Russia’s war in Ukraine and wrangling once again in Washington over the US debt ceiling have put the dollar’s status as the world’s dominant currency under fresh scrutiny. We take a look at some arguments for why de-dollarization will happen – or possibly why it won’t.
- The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby entering recession. GDP fell by 0.3% for the quarter when adjusted for price and calendar effects, following a decline of 0.5% in the fourth quarter of 2022.
- Millions of British households will see cheaper energy bills from July after regulator Ofgem slashed its cap on prices following a slump in wholesale energy costs. The new price cap of 2,074 pounds ($2,618) a year for average dual-fuel use marks a near 40% fall compared with the previous cap level.
- For Nvidia, the boom in generative artificial intelligence is everything, everywhere, all at once. The chip designer’s shares extended their rally this year, soaring 25% after a stellar forecast showed that Wall Street has yet to price in the AI potential of the company that has already doubled in value in 2023.
- Meta, the owner of Facebook, carried out its last batch of a three-part round of layoffs. Dozens of employees working in teams such as marketing, site security, enterprise engineering, program management, content strategy and corporate communications took to LinkedIn to announce that they were laid off.
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How doctors buy their way out of trouble
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An exam room in the former practice of Dr. Feng Qin, who paid the US government nearly $1 million as part of two civil agreements. Mark Favors via Reuters
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Medical practitioners and providers paid $26.8 billion over the past decade to settle federal allegations including fraud, bribery and patient harm, a Reuters investigation found. Paying up means staying in business and, for some, avoiding prison. US prosecutors helped them do it.
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Tina Turner performs during her world tour 87 at the summer open air concert in Hamburg, Germany July 3, 1987. REUTERS/Michael Urban/File Photo
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Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died at the age of 83. Here’s a look at her life and career.
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/cloudfront-us-east-2.images.arcpublishing.com/reuters/EVFLYIVWEJN4NOKCVNJ7E2FEDQ.jpg "UAE cashes in as sanctions against Russia bite 44")
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZCQ5W2N2YVN2TF4B2EQWJ6RW6E.jpg "UAE cashes in as sanctions against Russia bite 50")
