SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges of manipulating stock prices and breach of trust in order to cement control of the group, a prosecution official said on Tuesday. Considering the gravity of manipula... More »
NEW DELHI (Reuters) – India’s government plans to promote the manufacturing of selected products, especially lines in which China enjoys a big share in the global market, as part of efforts to reduce imports and push exports, a cabinet minister said on Monday.... More »
BEIJING (Reuters) – China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy. The producer price ind... More »
LONDON (Reuters) – Irish peacemaker John Hume was a “political giant” who did so much to help bring an end to the Troubles in Northern Ireland, British Prime Minister Boris Johnson said on Monday. Hume, a key Roman Catholic architect of Northern Ireland’s 1998... More »
LONDON (Reuters) – Britain is closely watching rises in coronavirus cases in other European destinations such as France and Germany after slapping a 14-day quarantine on travellers from Spain at the height of the summer vacation season. The imposition of a Bri... More »
LONDON (Reuters) – Britain will drop its policy of requiring people returning from the Spanish Canary Islands or Balearics to quarantine for two weeks, the Sun newspaper said on Monday. On Saturday, Britain announced a 14-day quarantine on travellers from Spai... More »
MILAN (Reuters) – Activist hedge fund TCI Fund Management, which is challenging the Italian government over the forced sale of Atlantia’s Autostrade per l’Italia (ASPI) unit, said on Friday the value of Autostrade could be between 11 and 12 billion euros. “I b... More »
(This July 17 story corrects to show company name in 15th paragraph is Howatherm not Howarth) By Caroline Copley BERLIN (Reuters) – A COVID-19 outbreak in Germany is forcing meatpacking plants to review infection risks posed by their cooling systems, placing t... More »
BERLIN (Reuters) – The German parliament’s financial committee will hold an extraordinary meeting on the Wirecard (WDIG.DE) scandal on Wednesday next week and Finance Minister Olaf Scholz is expected to be there, a Social Democrat (SPD) lawamker said on Monday... More »
DUBAI (Reuters) – The United Arab Emirates said on Friday it would launch its mission to Mars on July 20, depending on weather conditions at the launch site in Japan, Dubai’s media office said on Twitter. The launch of the UAE’s Hope Probe from Japan’s Tanegas... More »
DUBAI (Reuters) – The United Arab Emirates has rescheduled the launch of its mission to Mars to a preliminary window between July 20 and July 22, depending on weather conditions at the launch site in Japan, the government’s communications office said on Thursd... More »
DUBAI (Reuters) – The United Arab Emirates has postponed the launch of its mission to Mars for a second time due to weather conditions at the launch site in Japan, the government’s communications office said on Wednesday. A new launch date in July will be anno... More »
(Reuters) – Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on ... More »
BERLIN (Reuters) – Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed on Monday, as demand picked up after lockdown measures to fight the coronavirus were lift... More »
LEICESTER, England (Reuters) – Britain has imposed a stringent lockdown on the English city of Leicester following a local flare-up of the novel coronavirus, overshadowing Prime Minister Boris Johnson’s attempts to nudge the country back to normality. The Unit... More »
LONDON (Reuters) – British industrial output recorded its biggest quarterly fall on record during the three months to June as COVID-19 heavily disrupted operations, and a further decline is likely in the months to come, a survey showed on Monday. The Confedera... More »
BERLIN (Reuters) – Regulators worked hard and did their job in the case of payments firm Wirecard, which on Monday said that 1.9 billion euros ($2.13 billion) missing from its accounts was likely never there, Finance Minister Olaf Scholz said on Monday. “I thi... More »
BEIJING (Reuters) – Delta Air Lines (DAL.N) has received approval from the Shanghai government to resume flights from June 18, a company spokeswoman said on Monday, paving the way for the carrier to resume services to China after months of suspension due to CO... More »
NEW YORK, June 10 (Reuters) – U.S. money market fund assets decreased by $24.84 billion to $4.668 trillion in the week ended June 9, the Money Fund Report said on Wednesday. Taxable money market fund assets decreased by $24.31 billion to $4.534 trillion, while... More »
HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd [HWT.UL] prevent sales to the Chinese firm, the company’s chairman said on Tuesd... More »
SEOUL (Reuters) – A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation. The ruling provided temporary relief for the vice chairman of Samsung... More »
HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) is still in talks with the U.S. government about subsidies for its new plant in Arizona, chairman Mark Liu said on Tuesday. “We hope federal and state governments could make... More »
BERLIN (Reuters) – Germany’s DIHK chambers of industry and commerce expect Europe’s largest economy to shrink at least 10% this year due to the coronavirus crisis, its president said on Tuesday, a much more pessimistic view than the government’s forecast. “Thi... More »
BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc (TSLA.O) suffered a slump of 64% in car registrations in China in April on the month, data from auto consultancy LMC Automotive showed. Tesla’s China registrations, including imported cars, fell to 4,63... More »
LONDON (Reuters) – Britain’s economy shrank by a record 5.8% in March as the coronavirus crisis escalated and the government shut down much of the country, according to official data that point towards an even bigger hit to come. The monthly drop in gross dome... More »
FRANKFURT/DUESSELDORF, Germany (Reuters) – German conglomerate Thyssenkrupp (TKAG.DE) on Tuesday warned its operating loss could swell to 1 billion euros ($1.1 billion) in the current quarter citing the coronavirus pandemic. The group, whose operations range f... More »
BEIJING (Reuters) – China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States. China’s fi... More »
LONDON (Reuters) – Britain will on Tuesday announce changes to programme that is paying the wages of more than 6 million workers at businesses affected by the coronavirus, its health minister said. Britain’s finance minister, Rishi Sunak, will make a statement... More »
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.... More »
PARIS (Reuters) – A French hospital which has retested old samples from pneumonia patients discovered that it treated a man who had COVID-19 as early as Dec. 27, nearly a month before the French government confirmed its first cases. Yves Cohen, head of resusci... More »
WASHINGTON (Reuters) – Treasury Secretary Steven Mnuchin on Monday said bipartisan discussions are underway over whether more U.S. government relief funding is needed amid the nation’s novel coronavirus outbreak, but that President Donald Trump is focused on t... More »
PARIS (Reuters) – The number of people who have died in France after contracting the new coronavirus rose on Sunday by 135 to 24,895, the health ministry said. The number of people treated in hospital for the coronavirus and the number of people in intensive c... More »
NEW YORK, April 29 (Reuters) – U.S. money market fund assets increased by $72.69 billion to $4.652 trillion in the week ended April 28, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $74.71 billion to $4.515 trillion, wh... More »
WASHINGTON (Reuters) – The five-member Federal Communications Commission voted unanimously to approve an order to allow Ligado Networks[MOSAV.UL] to deploy a low-power nationwide 5G network despite objections from the U.S. Defense Department, other federal age... More »
LONDON (Reuters) – A group representing Britain’s car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represented a 25% fall from the number of new car registrations in 2... More »
BASRA, Iraq (Reuters) – Rockets landed near a site connected with foreign oil firms and state-run companies in Iraq’s southern city of Basra early on Monday, without causing damage or casualties, oil and police sources said. The rockets, which police said were... More »
(Reuters) – British aero-engine maker Rolls-Royce (RR.L) will abandon its targets on profits, cash and deliveries, and suspend its dividend, as airlines around the world ground planes due to the coronavirus outbreak, the Financial Times reported late on Sunday... More »
(Reuters) – Private rocket company SpaceX had an incident during parachute testing for its Crew Dragon capsule, in which the simulated spacecraft being tested became unstable and was dropped early, according to a tweet from a CNBC reporter. No one was injured ... More »
JOHANNESBURG (Reuters) – South Africa’s Health Minister Zweli Mkhize said on Monday that the number of confirmed coronavirus cases had risen to 402, a jump of 128 since Sunday’s announcement that could worry public health experts concerned about the country’s ... More »
BRUSSELS (Reuters) – The EU agreed on Friday to suspend requirements that oblige airlines to use at least 80% of their take-off and landing slots in order to keep them the following year until Oct. 24 due to the aviation industry crisis unleashed by coronaviru... More »
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Thursday urged Congress to move quickly to pass a $1 trillion economic relief measure by early next week, saying he expects bipartisan support for the bill to get cash payments to Americans durin... More »
BERLIN (Reuters) – Germany’s southern state of Bavaria on Monday announced a fund worth up to 10 billion euros ($11.21 billion) to help the region withstand the coronavirus outbreak, its premier said, declaring a state of emergency as the number of new cases c... More »
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Sunday officials will have a better idea this week of the total cost of a coronavirus aid package, but predicted it will likely be “significant but not huge.” Mnuchin told “Fox News Sunday” ... More »
AMSTERDAM (Reuters) – The Dutch national gallery, the Rijksmuseum, and the nearby Van Gogh museum, two of the Netherlands’ premier tourist attractions in Amsterdam, will be closed to the public at least until March 31 due to the coronavirus epidemic. Their ann... More »
MOSCOW/BRUSSELS (Reuters) – A joint Russian-European mission to send a rover to Mars has been postponed by two years because its final phase has been compromised by the coronavirus outbreak in Europe, the European and Russian space agencies said on Thursday. T... More »
PARIS (Reuters) – The Louvre museum in Paris shut its doors to art lovers and tourists for a second day on Monday as management held talks with workers over the risks associated with coronavirus. Queues quickly formed in the rain outside the world’s most visit... More »
BEIJING/SHANGHAI (Reuters) – The Chinese city at the center of the coronavirus epidemic closed its first makeshift hospital, one of 16 hurriedly built to handle the epidemic, after it discharged the last recovered patients, state broadcaster CCTV reported on M... More »
SEOUL (Reuters) – South Korea reported 123 new coronavirus cases, taking the country’s total infections to 4,335, the Yonhap news agency said, citing health authorities. The updated numbers added to the 476 recorded earlier by the Korea Centers for Disease Con... More »
WASHINGTON (Reuters) – U.S. Health and Human Services Secretary Alex Azar said on Sunday it remained unclear how the first American to die of coronavirus contracted the disease, and that there was no evidence he had a connection to someone who had traveled to ... More »
DUBAI (Reuters) – Kuwait’s Health Ministry announced 10 new cases of coronavirus in the country on Monday bringing the total number to 56, a ministry official said. The official, who was speaking during a news conference broadcast on state television, urged ci... More »
SEOUL (Reuters) – Samsung Electronics (005930.KS) and LG Innotek (011070.KS) have shut their factories in South Korea after a worker tested positive for the coronavirus, the companies said on Sunday. Samsung’s mobile device factory in Gumi, close to Daegu, whe... More »
SINGAPORE (Reuters) – French junior transport minister Jean-Baptiste Djebbari said on Monday that he saw no need to close down transport borders between France and Italy, despite the spread of coronavirus. “Closing down the borders would make no sense, as the ... More »
DUBAI (Reuters) – Qatar will ask passengers arriving from Iran and South Korea to remain in home isolation or a quarantine facility for 14 days over fears of new coronavirus outbreak, Qatar Airways said in a statement on Monday. Source: https://www.reuters.com... More »
DUBAI (Reuters) – Kuwait said on Monday three people, including a Saudi national, who returned from Iran were infected by the new coronavirus, state news agency KUNA reported. The three cases, the first in the Gulf state, were among the 700 people evacuated fr... More »
NEW YORK, Feb 19 (Reuters) – U.S. money market fund assets decreased by $3.64 billion to $3.575 trillion in the week ended Feb 18, the Money Fund Report said on Wednesday. Taxable money market fund assets decreased by $2.80 billion to $3.440 trillion, while ta... More »
BEIJING (Reuters) – China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng... More »
BEIJING (Reuters) – China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States. Next year, China will imple... More »
BEIJING (Reuters) – China and the United States should continue bilateral trade talks and work toward removing all existing tariffs, China’s National Bureau of Statistics spokesman Fu Linghui said on Monday. Fu also told reporters during a briefing that China’... More »
BERLIN (Reuters) – Germany’s exports rose unexpectedly in October, a morale boost for Europe’s largest economy, which has been teetering on the brink of recession over recent quarters. The 1.2% rise in exports raises hopes that the economy can avoid contractin... More »
BEIJING (Reuters) – China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week. Beijing hopes it can reach ... More »
(This November 16 story has been refiled to correct the number in the headline) By Kanishka Singh (Reuters) – Japan’s Nissan Motor Co Ltd (7201.T) has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a ... More »
HONG KONG (Reuters) – Hong Kong police fired tear gas and rubber bullets on Monday to force back anti-government protesters trying to escape a university where hundreds are holed up with petrol bombs and other homemade weapons amid fears of a bloody crackdown.... More »
BERLIN (Reuters) – German industrial orders fell more than expected in August on weaker domestic demand, data showed on Monday, adding to signs that a manufacturing slump is pushing Europe’s largest economy into recession. Contracts for ‘Made in Germany’ goods... More »
DETROIT (Reuters) – Talks for a new four-year labor contract between General Motors Co (GM.N) and its striking workers took a “turn for the worse” on Sunday after the United Auto Workers rejected the largest U.S. automaker’s latest offer but the two sides were... More »
BEIJING (Reuters) – China hopes Beijing and Washington will resolve their trade dispute “with a calm and rational attitude”, Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides. The United States and China have... More »
BEIJING (Reuters) – Factory activity surveys in China pointed to slight improvement in September as domestic demand picked up, but analysts believe the gains will be short-lived as the property market cools and Sino-U.S. trade tensions remain elevated. Persist... More »
SYDNEY (Reuters) – Flight departures from New Zealand were temporarily halted on Monday after a fire alarm went off at the country’s air navigation service provider’s main radar facility in Christchurch. Normal air traffic operations have now resumed nationall... More »
BEIJING(Reuters) – China’s factory activity unexpectedly expanded at the fastest pace in 19 months in September as plants ramped up production and new orders rose, a private business survey showed on Monday, suggesting a modest recovery in the manufacturing se... More »
BEIJING (Reuters) – China will exempt Tesla Inc’s (TSLA.O) electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States. Tesla sees China as o... More »
Court-ordered anti-smoking ads sponsored by the tobacco industry reached only around 40% of adults and about half of all smokers in the U.S., a recent study suggests. Past research has shown that anti-smoking mass media campaigns are an effective public health... More »
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. While more upbeat June factory output and retail sales o... More »
SINGAPORE/BEIJING (Reuters) – China’s fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially dragging on crude oil demand from the world’s biggest impo... More »
BERLIN (Reuters) – German exports rebounded more strongly than expected in May but failed to fully recover from a slump a month earlier, data showed on Monday, as trade conflicts cool Europe’s largest economy in the second quarter. Exports grew by 1.1% on the ... More »
BEIJING (Reuters) – China and the rest of the world must co-exist, Chinese Vice President Wang Qishan said on Monday, in an indirect jab at the United States with which Beijing is currently trying to resolve a bitter trade war. “China’s development can’t shut ... More »
TOKYO (Reuters) – Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recess... More »
More American and Canadian teens are vaping than ever before, according to a new study, and researchers say the availability of e-cigarettes with more nicotine may partly explain the trend. The study team examined data on smoking and vaping by youth in Canada,... More »
HONG KONG (Reuters) – In a first of its kind initiative, HSBC Holdings Plc is backing the launch of a technology startup that aims to connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade ban... More »
PARIS (Reuters) – Energy major Total said its new supercomputer – which has propelled it to a world ranking as the most powerful computer in the sector – will enable its geologists to find oil faster, cheaper and with a better success rate. The Pangea III comp... More »
SHANGHAI (Reuters) – China renamed and restructured its national railway corporation as part of its efforts to make the country’s government-run enterprises run in a more market-oriented fashion, its state-run railway group said on Tuesday. China State Railway... More »
PARIS/TOKYO (Reuters) – Renault has signaled it will block alliance partner Nissan from adopting planned governance reforms unless the French automaker gets more say in the new system, a demand which Nissan said was “most regrettable” and which one source deri... More »
PARIS (Reuters) – Nissan Motor Co believes that attempts by Renault SA to place one of its directors on Nissan’s planned governance reform committees may lead to a conflict of interest, a source with knowledge of the issue told Reuters on Monday. Renault, whic... More »
NEW YORK (Reuters) – U.S. money market fund assets rose for a sixth consecutive week, bringing the total to a fresh nine-plus year peak as investors piled cash into low-risk funds on concerns about global trade tensions, a private report released on Wednesday ... More »
HONG KONG (Reuters) – Factory activity contracted in most Asian countries last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers in the region and beyond to roll out m... More »
(Reuters) – The producer of the hit television series “The Walking Dead” and other major Hollywood film and TV studios said on Thursday they would reconsider locating productions in Georgia if a new state law restricting abortions takes effect. WarnerMedia, CB... More »
ANAHEIM, Calif. (Reuters) – Walt Disney Co Chief Executive Bob Iger told Reuters on Wednesday it would be “very difficult” for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S.... More »
NEW YORK (Reuters) – U.S. money market fund assets rose for a fifth consecutive week, bringing its total to more than a nine-year high as investors pour cash into low-risk funds on concerns about escalating U.S.-China trade tensions, a private report released ... More »
(Reuters) – Billionaire entrepreneur Elon Musk’s SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space. The c... More »
(Reuters) – Britain’s Manchester Airport said on Monday it had fixed a fuel supply problem at the airport caused by a power issue, which led to flight delays on Sunday. “The engineers have now resolved the power issue which affected the fuel supply,” the airpo... More »
BEIJING (Reuters) – China’s foreign ministry said on Monday the country will never surrender to external pressure after Washington renewed its threat to impose tariffs on all Chinese imports in an escalating trade dispute. The trade war between the world’s top... More »
BEIJING (Reuters) – China’s foreign ministry said on Monday the country will never surrender to foreign pressure after Washington renewed its threat to impose tariffs on all Chinese imports in an escalating trade dispute. Foreign ministry spokesman Geng Shuang... More »
BEIJING (Reuters) – China’s door to talks with the United States about their trade dispute is always open, but China will not yield on important issues of principle, state media said on Sunday. There are no winners in a trade war, and China does not want to fi... More »
BEIJING (Reuters) – China’s foreign ministry said on Monday a Chinese delegation is preparing to go to United States for trade talks, after U.S. President Donald Trump said he would raise tariffs on $200 billion worth of Chinese goods this week and target hund... More »
BEIJING (Reuters) – China Vice Premier Liu He could still travel to the United States for trade negotiations but shorten his trip or cancel it altogether, South China Morning Post reported on Monday, citing an unnamed source briefed on the latest plans. In an ... More »
BEIJING (Reuters) – Guangdong, China’s top province by economic output, maintained a growth rate of 6.6 percent in the first quarter thanks to improving industrial production and infrastructure spending, the 21st Century Business Herald reported, citing local ... More »
SHANGHAI (Reuters) – U.S. electric vehicle (EV) maker Tesla Inc on Monday said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving Tesla’s cars.... More »
(Reuters Health) – Just because the flagship hospital gets good marks for patient care doesn’t mean results will be equally good in affiliated hospitals in the same network, a new study finds. Researchers found variable surgical outcomes across networks associ... More »
SHANGHAI (Reuters) – Boeing said on Monday the investigation into the Ethiopian Airlines crash is in its early stages and there is no need to issue new guidance to operators of its 737 MAX 8 aircraft based on the information it has so far. “Safety is our numbe... More »
BEIJING (Reuters) – China’s civil aviation regulator said on Monday that it has asked domestic airlines to suspend the commercial operations of all Boeing 737-8 planes by 6:00 p.m. local time (5.00 a.m. ET), a day after a deadly crash of a 737 MAX 8 by Ethiopi... More »
(Reuters) – British engine maker Rolls-Royce Holdings Plc said on Sunday it had scaled back efforts to join a Turkish program to build a new fighter jet with Turkey’s Kale Group. Talks between Kale and Rolls-Royce ran into problems last year because of a dispu... More »
STOCKHOLM (Reuters) – Electric scooter sharing firm VOI Technology has raised $30 million in another fundraising round since being set up seven months ago for its European expansion and investment in research to fend off growing competition, it said on Monday.... More »
