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Racing Point confident they can see off Renault protest

LONDON (Reuters) – Racing Point accused Formula One rivals Renault on Monday of making a “misconceived and poorly informed” protest against them at the Styrian Grand Prix and said they were confident of winning. Stewards said on Sunday that the protest was adm... More »

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Smartphone shipments in China fall 16% in June: government data

SHANGHAI (Reuters) – Smartphone shipments in China fell 16% in June compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the corona... More »

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Reliance’s digital unit wins Qualcomm backing in boost to 5G plans

NEW DELHI (Reuters) – India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million). The partnership will help Jio Platforms, the unit that houses Relian... More »

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Huawei to request UK to delay 5G network removal – The Times

(Reuters) – China’s Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country’s 5G phone network, the Sunday Times newspaper reported on Sunday. The Chinese telecoms equi... More »

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Badminton: BWF seeking further advice on Chinese tournaments

(Reuters) – The Badminton World Federation (BWF) are seeking more information from China about its decision to cancel all international sport in the country this year before they make a decision on the season-ending World Tour Finals. The World Tour Finals, sc... More »

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U.S. stock funds see first inflow in four weeks: Lipper

(Reuters) – U.S. equity funds in the week ended on Wednesday drew $609 million, the first inflow in four weeks, according to Lipper. U.S. taxable bond funds attracted $12.6 billion, the 13th straight weekly inflow, while money market funds saw $4.7 billion com... More »

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Scientists warn of potential wave of COVID-linked brain damage

LONDON (Reuters) – Scientists warned on Wednesday of a potential wave of coronavirus-related brain damage as new evidence suggested COVID-19 can lead to severe neurological complications, including inflammation, psychosis and delirium. A study by researchers a... More »

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Dancing robots replace fans at Japanese baseball game

TOKYO (Reuters) – With their stadium devoid of fans due to coronavirus restrictions, Japanese baseball team Fukuoka SoftBank Hawks have come up with an imaginative replacement: dancing robots. Before their most recent Nippon Professional Baseball (NPB) game ag... More »

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Dalai Lama marks 85th birthday with album of mantras

(Reuters) – The Dalai Lama made a bid for music chart stardom on Monday, his 85th birthday, with the release of an album of mantras and teachings. “Inner World” kicks off with the track “One Of My Favourite Prayers” and continues with the exiled Tibetan spirit... More »

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Indonesia reports 70 new coronavirus deaths, 1,209 new cases

JAKARTA (Reuters) – Indonesia reported 1,209 new coronavirus infections and 70 new deaths on Monday, its health ministry said. The case total is currently 64,958 and number of fatalities 3,241, said Achmad Yurianto, a ministry official. Source: https://www.reu... More »

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UK decision on Huawei not set in stone, British minister says

LONDON (Reuters) – Britain’s decision to allow China’s Huawei to play a limited role in building its 5G network is not “fixed in stone” and is being reviewed following the imposition of U.S. sanctions, culture minister Oliver Dowden said on Monday. Britain gra... More »

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Make a vaccine? I’m trying to teach my kids the alphabet

LONDON/BERLIN/MILAN (Reuters) – It’s tough to do any useful work when you’re stuck at home, struggling to home-school bickering kids, let alone when you’re trying to produce a COVID-19 vaccine. British drugmaker AstraZeneca (AZN.L) had spent years preparing fo... More »

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Ford’s China ventures extend auto sales recovery in June

BEIJING (Reuters) – Ford Motor’s (F.N) China ventures reported year-on-year sales growth for June as the world’s biggest auto market continues to recover from coronavirus-induced lows. The U.S. automaker’s Chongqing-based venture with Changan (000625.SZ) said ... More »

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Late South Korea triathlete’s team mates detail abuse allegations

SEOUL (Reuters) – Former team mates of a South Korean triathlete found dead last month after alleging she had been abused by her coaching staff said on Monday athletes endured a living “hell” and were habitually beaten and verbally abused. Choi Suk-hyeon, a me... More »

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Fujitsu to halve office space in three years citing ‘new normal’

TOKYO (Reuters) – Japan’s Fujitsu Ltd (6702.T) said on Monday it would halve its office space in three years as it rewrites the way employees work under a “new normal” amid the coronavirus pandemic. The IT solutions company said its roughly 80,000 group employ... More »

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Rocket Lab vehicle fails to reach orbit, loses payload of satellites

(Reuters) – A rocket from small-satellite launch firm Rocket Lab failed to reach orbit minutes after a successful liftoff from New Zealand on Saturday, the company said, losing its payload of seven small satellites it had intended to carry to space. “An issue ... More »

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TikTok distances from Beijing in response to India app ban

NEW DELHI (Reuters) – Social media app TikTok distanced itself from Beijing after India banned 59 Chinese apps in the country, according to a correspondence seen by Reuters. In a letter to the Indian government dated June 28th and seen by Reuters on Friday, Ti... More »

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U.S. stock funds shed $4.6 billion in week: Lipper

(Reuters) – The final days of the best quarter for the benchmark S&P 500 since 1998 were not enough to keep investors from pulling $4.6 billion out of U.S.-based stock funds in the week that ended Wednesday, according to Lipper data released on Thursday. The S... More »

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BOC Aviation cancels 30 Boeing 737 MAX but backs grounded jet

(Reuters) – Aircraft leasing company BOC Aviation (2588.HK) said on Tuesday it had cancelled an order for 30 Boeing (BA.N) 737 MAX planes although its chief executive remained confident in the jet which has been grounded for more than a year. The lessor, which... More »

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China passes national security law in turning point for Hong Kong

HONG KONG/BEIJING (Reuters) – China’s parliament passed national security legislation for Hong Kong on Tuesday, setting the stage for the most radical changes to the former British colony’s way of life since it returned to Chinese rule 23 years ago. Details of... More »

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Tokyo’s new coronavirus steps aim to balance economy and health

TOKYO (Reuters) – Tokyo on Tuesday said it will move away from numerical targets to contain COVID-19 and rely more on the advice of a committee of experts, to try to control the novel coronavirus and avoid another economic slowdown. The metropolis, with a popu... More »

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Wirecard’s former boss faces criminal complaint in Austria

VIENNA (Reuters) – An Austrian lawyer has filed a criminal complaint against Wirecard’s (WDIG.DE) former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek at a court in Vienna, accusing them of market manipulation and serious fraud. The Vie... More »

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Hong Kong May retail sales tumble as spending, tourism evaporate

HONG KONG (Reuters) – Hong Kong’s retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus pandemic slammed the brakes on tourism and spending in the city. Months of anti-government protest have also weighed on... More »

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Grim data keeps euro, sterling under pressure

LONDON (Reuters) – A fresh batch of grim economic data kept the euro and the pound under pressure on Tuesday as sentiment faltered amid fears new COVID-19 hot spots across the world might jeopardise the swift recovery from the pandemic investors are hoping for... More »

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European shares pick up, dollar gains before quarter-end

LONDON (Reuters) – European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020. The MSCI world equity index, whic... More »

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It is rocket science: EU to speed up space ambitions, Breton says

PARIS (Reuters) – The European Union will plough more money into rocket launches, satellite communication and space exploration to preserve its often unsung successes in space and keep up with US and Chinese ambitions, its space chief said on Sunday. Over the ... More »

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Bear-sized wombat cousin roamed Australia 25 million years ago

WASHINGTON (Reuters) – A powerfully built relative of modern wombats that was the size of a black bear roamed Australia’s woodlands about 25 million years ago, possessing shovel-shaped hands and strong forelimbs indicating it was an adept digger, scientists sa... More »

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Rainy day hastens sovereign wealth funds’ refocus to home

LONDON (Reuters) – Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are investing more at home, a trend set to accelerate in the wake of the economic carnage wrought ... More »

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Sosei, AbbVie sign drug discovery deal worth up to $1 bln

(Reuters) – Japan’s Sosei Group Corp will collaborate with AbbVie Inc on a drug discovery partnership that could be worth up to $1 billion. Sosei shares soared 12.4% in Tokyo trading, compared with a 1.2% slide in the broader market. The partnership will initi... More »

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Japanese baseball fan enters empty stadium via robot

TOKYO (Reuters) – One lucky baseball fan was taken inside the otherwise empty Tokyo Dome for Yomiuri Giants’ win on Tuesday via a monitor mounted on a robot she controlled from home. Nippon Professional Baseball teams have begun their season without fans in st... More »

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Fund giant BlackRock ‘warming up’ to European assets

LONDON (Reuters) – BlackRock’s Investment Institute said on Tuesday it was “warming up” to European assets following what it called the eurozone’s “impressive” efforts to tackle the coronavirus. The research arm of the world’s biggest fund manager said two fac... More »

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London Stock Exchange’s Rathi to head UK financial watchdog

LONDON (Reuters) – Nikhil Rathi, head of the London Stock Exchange’s UK division, has been appointed chief executive of the Financial Conduct Authority (FCA), Britain’s finance ministry said on Monday. Rathi, a former finance ministry official, will play a key... More »

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China’s annual dog-meat fair opens- activists hope for last time

SHANGHAI (Reuters) – China’s notorious dog-meat festival has opened in defiance of a government campaign to improve animal welfare and reduce risks to health highlighted by the novel coronavirus outbreak, but activists are hopeful its days are numbered. The an... More »

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Global stocks shrug off fresh virus wave fears, dollar slips

LONDON (Reuters) – World stocks reversed earlier losses and the dollar slid on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn be... More »

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Chinese bomber approaches Taiwan in latest fly-by near island

TAIPEI (Reuters) – Chinese air force jets, including at least one bomber, briefly entered Taiwan’s air defence identification zone on Monday, before being warned off by its air force, the island’s military said, the eighth such encounter in two weeks. The enco... More »

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Coronvirus pandemic has been exacerbated by politicisation: WHO

DUBAI (Reuters) – The global coronavirus pandemic has been exacerbated by polititicisation, the World Health Organization’s director general said on Monday. Tedros Adhanom Ghebreyesus was speaking at a virtual health forum organised by the World Government Sum... More »

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China warns of reprisal as Japanese city changes disputed area name

BEIJING (Reuters) – China said on Monday it reserves the right to respond to a Japanese city’s decision to rename the administrative area that includes remote islands claimed by both China and Japan and have long been a source of friction between the neighbour... More »

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South Korea says Bolton’s memoir on Trump-Kim summit is distorted

SEOUL (Reuters) – Accounts by former U.S. National Security Adviser John Bolton of discussions between leaders of the United States and the two Koreas in his upcoming book are inaccurate and distorted, South Korea said on Monday. Bolton gives details in the bo... More »

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Croatia’s Coric tests positive for COVID-19

(Reuters) – Croatia’s Borna Coric, who played in Novak Djokovic’s Adria Tour exhibition tournament at the weekend, said on Monday he had tested positive for COVID-19. Coric’s positive test follows that of Grigor Dimitrov, who said on Sunday he had contracted t... More »

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Japan withdrawing 2023 Women’s World Cup bid: Kyodo

TOKYO (Reuters) – Japan is withdrawing its bid to host the 2023 Women’s World Cup, Kyodo news agency quoted a source as saying on Monday, just days before football’s world governing body holds a vote to determine the successful candidate. The Japanese bid is o... More »

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Australia striker Juric tests positive for COVID-19

SOFIA (Reuters) – CSKA Sofia’s Australian striker Tomi Juric has tested positive for COVID-19, the 31-times Bulgarian champions said in a statement late on Sunday. The 28-year-old forward, who has played 41 times for his country, has been isolated. Other CSKA ... More »

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Australian officials warn against travel to new coronavirus hotspots

SYDNEY (Reuters) – Australian officials tried to contain a fresh outbreak of the novel coronavirus on Monday, telling residents in the cluster hotspots to avoid travel outside their suburbs in Melbourne, the country’s second-largest city. Victoria state of whi... More »

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China reports 18 new coronavirus cases, nine in Beijing

BEIJING (Reuters) – China reported 18 new coronavirus cases for June 21, 9 of which were in the capital Beijing, the National Health Commission said on Monday. This compared with 26 confirmed cases a day earlier, 22 of which were in Beijing. Local authorities ... More »

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Wallabies coach Rennie cautious about scrapping ‘Giteau Law’

MELBOURNE (Reuters) – Incoming Wallabies coach Dave Rennie is cautious about scrapping Australia’s ‘Giteau Law’, which limits selection of overseas-based players to those with 60 test caps or more, fearing it may lead to an exodus of talent and harm the domest... More »

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Thailand’s roving dog groomer back in business

CHONBURI, Thailand (Reuters) – Volunteer pet groomer Kriengkai Thatwakorn is thrilled to be back helping out stray dogs in Thailand, some in urgent need of a shearing after waiting three sweltering months for a trim. A domestic travel ban to contain the novel ... More »

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China postpones Beidou satellite launch over technical problem

BEIJING (Reuters) – China indefinitely postponed on Tuesday the launch of the final satellite of its Beidou navigation network because of technical problems in the rocket meant to launch it into orbit. The official website for the Beidou network said in a stat... More »

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Dollar steadies as overnight risk-off move eases

NEW YORK (Reuters) – The U.S. dollar was slightly lower in North American morning trade on Monday, stabilizing after a move higher overnight on a sell-off in risk assets over rising fears of a second wave of coronavirus infections. The dollar index =USD, which... More »

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Germany to buy stake in CureVac as world races for COVID-19 vaccine

FRANKFURT/BERLIN (Reuters) – Germany will take a stake in unlisted biotech firm CureVac, which is working on a COVID-19 vaccine, Economy Minister Peter Altmaier said on Monday, confirming an earlier Reuters report. The Berlin government will acquire a 23% stak... More »

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Crowds gather for coronavirus tests in Beijing amid new outbreak

BEIJING (Reuters) – On a sweltering Beijing afternoon, police vehicles blocked roads near the Guangan Sports Center complex and security guards warned the public to stay clear as residents filed in for testing amid the city’s COVID-19 outbreak. Staff in white ... More »

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Beijing imposes curbs as coronavirus returns to Chinese capital

BEIJING (Reuters) – Several districts of the Chinese capital put up security checkpoints, closed schools and ordered people to be tested for the coronavirus on Monday after an unexpected spike of cases linked to the biggest wholesale food market in Asia. After... More »