OSLO (Reuters) -Sweden’s coast guard discovered a fourth gas leak on the damaged Nord Stream pipelines earlier this week, a spokesperson told the Svenska Dagbladet newspaper. The European Union suspects sabotage was behind the gas leaks on the subsea Russian pipelines to Europe and has promised a “robust” response to any intentional disruption of its…
TOKYO (Reuters) -Toyota Motor Corp said on Thursday global vehicle production grew at a record pace for the month of August, as the sector recovered from the COVID-19 pandemic and production capacity increased, mainly overseas. Vehicle production soared 44.3% in August year-on-year, the first increase since March. The world’s largest automaker by sales produced 766,683…
MINNEAPOLIS (AP) — A Chinese billionaire, one of the richest people in the world, is heading to trial in Minneapolis to defend himself against allegations that he raped a former University of Minnesota student after a night of dinner and drinks in 2018. Richard Liu, the founder and former CEO of e-commerce giant JD.com, has…
BEIJING (AP) — Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices edged lower. Wall Street’s benchmark S&P 500 index fell 2.1% on Thursday to its lowest level in…
By Selena Li HONG KONG (Reuters) – Credit Suisse Group AG has named veteran banker Jing Wang as chief executive officer of its Chinese securities joint venture effective immediately, according to an internal memo reviewed by Reuters on Thursday. Wang recently worked as the bank’s head of China onshore wealth management. A Credit Suisse spokesperson…
SEOUL (Reuters) – U.S. Vice President Kamala Harris will condemn North Korea’s missile launch and discuss Seoul’s concerns over changes in U.S. electric vehicle subsidies during planned talks with South Korean President Yoon Suk-yeol, a White House official said on Thursday. (Reporting by Trevor Hunnicutt; Writing by Hyonhee Shin; Editing by Muralikumar Anantharaman)
By Summer Zhen HONG KONG (Reuters) – Global fund managers have been selling U.S.-listed Chinese stocks and the index tracking them is sagging badly, suggesting progress toward resolving disputes over their accounts has not been enough to shake investors’ fears about the sector’s outlook. As of last Friday, U.S. long-only funds – or funds that…
NEW YORK (AP) — Amazon said Wednesday it’s raising its average starting pay for frontline workers from $18 to $19 a hour, a boost that could help it attract more employees in a tight labor market as the holiday season approaches. Amazon said that beginning in October, warehouse and transportation workers would earn between $16…
With roosters crowing in the background as he speaks from the crowded refugee camp in Bangladesh that’s been his home since 2017, Maung Sawyeddollah, 21, describes what happened when violent hate speech and disinformation targeting the Rohingya minority in Myanmar began to spread on Facebook. “We were good with most of the people there. But…
(Reuters) -Tesla Inc said on Wednesday that Airbnb Inc co-founder Joseph Gebbia has joined the electric vehicle maker’s board, reversing a move to trim the number of directors at the world’s most valuable carmaker. Tesla said in June it planned to have just seven board seats after the departure of Oracle Inc co-founder Larry Ellison…
