China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion

China sentences tycoon Xiao Jianhua to 13 years, fines his company .1 billion

People walk past the building with the listed address of the Tomorrow Holdings office in Beijing, China, February 3, 2017. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register BEIJING, Aug 19 (Reuters) – A Shanghai court has sentenced Chinese-Canadian billionaire Xiao Jianhua, who has not been seen in public since 2017, to … Read more

US seeks information from Tesla about camera in car in Autopilot probe

US seeks information from Tesla about camera in car in Autopilot probe

WASHINGTON, Aug. 18 (Reuters) – U.S. auto safety regulators on Thursday asked Tesla Inc (TSLA.O) to answer questions about the in-car camera intended to monitor driver consciousness as part of an investigation into 830,000 Tesla vehicles using advanced driver assistance system called Autopilot. The National Highway Traffic Safety Administration (NHTSA) is assessing Autopilot’s performance after … Read more

Ukraine and Russia: what you need to know now

Ukraine and Russia: what you need to know now

Aug 19 (Reuters) – The UN chief and the presidents of Turkey and Ukraine discussed ways to end the war started by Russia and secure Europe’s largest nuclear power plant, while Russia and Ukraine exchanged allegations of new shelling near the plant. read more DIPLOMACY * UN Guterres said after talks in Lviv, Ukraine, that … Read more

Xi and Putin attend G20 summit in Bali in Indonesia in November

Xi and Putin attend G20 summit in Bali in Indonesia in November

Aug 19 (Reuters) – Chinese and Russian leaders Xi Jinping and Vladimir Putin will attend the G20 summit in the holiday island of Bali in November, a longtime adviser to the Indonesian president said Friday. Andi Widjajanto, former cabinet secretary and unofficial adviser to President Joko Widodo, popularly known as Jokowi, told Reuters the two … Read more

Wall St ends higher, Cisco Systems jumps after forecast

Wall St ends higher, Cisco Systems jumps after forecast

Investors Still Judging Wednesday’s Fed Minutes Kohl’s slashes 2022 predictions Indices: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq up 0.2% NEW YORK, Aug. 18 (Reuters) – US stocks closed higher on Thursday as an optimistic sales forecast from Cisco Systems helped lift the technology sector, while data showed the economy remained relatively strong. Investors … Read more

Violent storm kills six in Corsica as island raises new warning

Violent storm kills six in Corsica as island raises new warning

PARIS, Aug. 18 (Reuters) – A violent and unexpected storm ravaged the French Mediterranean island of Corsica on Thursday, killing at least six people, including a teenage girl, and meteorologists forecasting more bad weather to come. Hail, heavy rain and winds peaking at 224 kph (140 mph) swept the island early in the day. Two … Read more

Stocks choppy, US yields fall as investors digest Fed minutes

Stocks choppy, US yields fall as investors digest Fed minutes

A man in a protective mask walks past an electronic board displaying the Shanghai Composite Index, Nikkei Index, and Dow Jones Industrial Average during the coronavirus disease (COVID-19) outbreak outside a real estate agency in Tokyo, Japan, March 7, 2022. REUTERS / Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com Register Wall … Read more

Bluebird’s $2.8M Gene Therapy Becomes Most Expensive Drug After U.S. Approval

Bluebird’s .8M Gene Therapy Becomes Most Expensive Drug After U.S. Approval

Signage is on display outside the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, US, Aug. 29, 2020. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 17 (Reuters) – The U.S. Food and Drug Administration on Wednesday approved bluebird bios (BLUE.O) gene therapy for patients with a rare … Read more

Fed minutes show more rate hikes to come, but pace may slow

Fed minutes show more rate hikes to come, but pace may slow

The Federal Reserve Board building on Constitution Avenue is pictured in Washington, US, March 27, 2019. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug. 17 (Reuters) – Federal Reserve officials saw “little evidence” late last month that inflationary pressures in the US were easing, stealing themselves to force the … Read more

Wall St falls as growth stocks fall, Target weighs on retail stocks

Wall St falls as growth stocks fall, Target weighs on retail stocks

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, Aug. 15, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US retail sales flat in July; core sales up Retailer Target’s quarterly profit slumps Indices down: Dow 0.57%, S&P 0.79%, Nasdaq 1.17% Aug 17 … Read more