By Karen Freifeld (Reuters) – ZTE Corp., the Chinese telecom equipment maker, will go back to U.S. federal court March 14 to face a new accusation it may have violated its probation from its 2017 guilty plea for illegally shipping U.S. technology to Iran. The possible violation relates to an alleged conspiracy to commit visa…
IRVINE, Calif. (AP) — After fleeing her home in now-Taliban controlled Afghanistan, Mozhgan Entazari did everything she could to find a new one for her family in the sunny, palm tree-lined communities of Southern California. The 34-year-old mother of two scoured options on Zillow with her husband, while the family lived at a hotel in…
In the aftermath of Russia’s invasion of Ukraine, the fog of war is extending to those who are trying to help the beleaguered Ukrainians. With ports blocked and roads made treacherous by bombings, charities currently can’t send humanitarian aid into Ukraine through normal channels, though both countries agreed Thursday to create corridors to allow those…
By Ross Kerber (Reuters) – Top mutual fund manager Vanguard Group said on Friday it will adhere to international sanctions being imposed on Russia in the wake of Moscow’s invasion of Ukraine, but will not restrict the investment decisions of managers of its actively-managed funds. In a blog post on Friday addressing investments in Russia,…
MADRID (Reuters) -Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday. The Zara owner is following some of the biggest western brands which have suspended operations in Russia, including its main rival H&M, following the invasion of Ukraine and…
MADRID (Reuters) – Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday to the Spanish regulator. “In the current circumstances Inditex cannot guarantee the continuity of the operations and commercial conditions in the Russian Federation and temporarily suspends its…
By Paresh Dave (Reuters) – Payments company PayPal Holdings Inc shut down its services early on Saturday in Russia, citing “the current circumstances,” joining many financial and tech companies in suspending operations there after the invasion of Ukraine. “Under the current circumstances, we are suspending PayPal services in Russia,” President and Chief Executive Dan Schulman…
(Reuters) – SpaceX chief Elon Musk said on Saturday that its Starlink satellite broadband service has been told by some governments, not Ukraine, to block Russian news sources. “We will not do so unless at ‘gunpoint’, sorry to be a free speech absolutist”, he said in a tweet. Musk also said that SpaceX was reprioritized…
By Kevin Yao and Ryan Woo BEIJING (Reuters) -China on Saturday targeted slower economic growth of around 5.5% this year as headwinds including an uncertain global recovery and a downturn in the country’s vast property sector cast a pall on the world’s second-largest economy. As economic conditions soften, the central bank has started cutting interest…
By Eric M. Johnson and Tim Hepher SEATTLE/PARIS (Reuters) – Boeing Co has preliminary plans to boost production of its cash cow 737-family narrowbody to around 47 per month by the end of next year, as the U.S. planemaker looks to extend its recovery from successive crises, two people familiar with the matter said. After…
