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European Central Bank Confirms July Rate Hike Plans, Raises Inflation Projections Significantly

The European Central Bank faces a difficult balancing act, with inflation hitting record highs while the war in Ukraine casts a shadow over growth prospects. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to raise interest rates at its policy meeting next month and lowered …

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Suns’ COVID-19 outbreak in West semifinals raises questions about NBA protocols

BOSTON — The Phoenix Suns were managing a COVID-19 outbreak as their season fell apart, multiple sources told The Athleticwith six individuals—including one player—testing positive either late in the Western Conference semifinals or the day after Game 7. With their season on the line, the Suns were destroyed at home by the Dallas Mavericks 123-90 …

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Discovery of second repeating fast radio burst raises new questions

An international team of astronomers has discovered a permanently active second fast radio burst, raising questions about the nature of the mysterious phenomenon. Fast radio bursts (FRB) are intense, brief flashes of radio frequency emissions, lasting on the order of milliseconds. The phenomenon was discovered in 2007 by graduate student David Narkevic and his supervisor …

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Alibaba suspends advice due to COVID risks; Resilient Q4 raises stock

The Alibaba Group logo is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter Join now for FREE unlimited access to Reuters.com Register Fourth-quarter adjusted profit of 7.95 yuan/share vs. estimate of 7.31 yuan/share Fourth-quarter revenue up 9% to 204.05 billion yuan from an estimate of 199.25 billion yuan Analysts say Q4 …

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