SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp posted a 20% drop in second quarter revenue on Friday, as the world’s biggest smartphone market shrank, hit by strict COVID restrictions. Xiaomi reported 70.17 billion yuan ($10.31 billion) in revenue for the quarter ended on June 30, down from 87.8 billion a year earlier but slightly…
By Shadia Nasralla LONDON (Reuters) -Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and worries about a global economic slowdown weigh. Brent crude futures were down 97 cents, or 1%, at $95.62 a barrel by 0826 GMT. U.S. West Texas Intermediate crude was…
CHONGQING, China (AP) — Ships crept down the middle of the Yangtze on Friday after China’s driest summer in six decades left one of the mightiest rivers barely half its normal width and set off a scramble to contain the damage to a weak economy in a politically sensitive year. Factories in Sichuan province and…
LONDON (AP) — A strike by London Underground workers brought the British capital’s transit network to a grinding halt on Friday, a day after a nationwide walkout by railway staff. Another rail strike is scheduled for Saturday as the U.K. endures a summer of action by workers demanding pay increases to offset soaring food and…
By William Schomberg LONDON (Reuters) -Britain borrowed more than expected in July, official data showed, underscoring the challenge facing the country’s next prime minister over how to provide more support to consumers hit by rocketing energy costs. The Office for National Statistics said on Friday that public sector borrowing excluding state-owned banks stood at 4.944…
By William Schomberg LONDON (Reuters) -Britain borrowed more than expected in July, official data showed, underscoring the challenges facing the country’s next prime minister to provide more support to consumers hit by sky-rocketing energy costs. The Office for National Statistics said on Friday that public sector borrowing excluding state-owned banks stood at 4.944 billion pounds…
ZOLOCHIV, Ukraine (AP) — Dr. Ilona Butova almost looks out of place in her neatly pressed lavender scrubs as she walks through a door frame that hangs from a crumbled wall into what used to be an administrative office of her hospital in Zolochiv. Not one building in the facility in the northeastern Ukrainian town…
CHISINAU, Moldova (AP) — For tiny Moldova, an impoverished, landlocked nation that borders war-torn Ukraine but isn’t in the European Union or NATO, it’s been another week plagued by bomb threats. On an overcast day outside the international airport serving Moldova’s capital of Chisinau, hundreds of people lined up this week as bomb-sniffing dogs examined…
TAIPEI (Reuters) – Taiwan’s export orders likely grew for a third consecutive month in July, but at less than half the pace of the previous month as global demand cools, a Reuters poll showed on Friday. The median forecast from a poll of 11 economists was for export orders to rise 3.6% from a year…
By Martin Quin Pollard and Eduardo Baptista BEIJING (Reuters) -China’s cyberspace watchdog wants to build an “affectionate” relationship between internet enterprises and the government, a senior official said on Friday, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown. Niu Yibing, vice minister of the Cyberspace Administration…
