By Filipp Lebedev, Lucy Papachristou and Mark Trevelyan LONDON (Reuters) – The director of a top Russian science institute, arrested on suspicion of treason along with two other hypersonic missile technology experts, stands accused of betraying secrets to China, two people familiar with the case told Reuters. Alexander Shiplyuk, head of Siberia’s Khristianovich Institute of…
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will rally less than previously expected in 2023 as higher borrowing costs cool the domestic economy and signs China’s recovery is slowing reduce prospects for its resource shares, a Reuters poll found. The median prediction of 22 portfolio managers and strategists in the May 10-23…
SHANGHAI/BEIJING (Reuters) -Shanghai has invited General Motors to boost investment and research and development in the city, the city government said on Wednesday. Shanghai looked forward to General Motors bringing more high-end products and cutting-edge technologies to the sixth China International Import Expo this year, the government cited Shanghai’s Communist party secretary Chen Jining as…
By Gwladys Fouche and Victoria Klesty OSLO (Reuters) -The world’s largest aircraft carrier, the USS Gerald R. Ford, sailed into Oslo on Wednesday, a first for such a U.S. ship, in a show of NATO force at a time of heightened tension between NATO and Russia over the war in Ukraine. The ship and its…
BEIJING (Reuters) – April sales of Chinese lottery tickets jumped to their highest in a decade, data showed on Wednesday, with economists saying young people in particular were keener to try their luck amid greater economic uncertainty in the wake of the pandemic. The world’s second-largest economy is recovering from three years of stringent COVID-19…
By Lewis Jackson SYDNEY (Reuters) -The Australian Treasury has referred a confidential document leak scandal involving professional services firm PricewaterhouseCoopers (PwC) to police, Secretary to the Treasury Steven Kennedy said on Wednesday. The government, a PwC Australia client, has accused the firm of using confidential information about new anti-tax avoidance measures to win more business,…
By Josh Ye HONG KONG (Reuters) -Lenovo’s fourth quarter revenue fell 24% and it cut 8% to 9% of its workforce, the Chinese group said on Wednesday, as demand for personal computers (PCs) continued to slump. The world’s largest PC maker said revenue for the January-March period was $12.63 billion, marking the third consecutive quarterly…
By Josh Ye HONG KONG (Reuters) -Lenovo’s fourth quarter revenue fell 24% and it cut 8% to 9% of its workforce, the Chinese group said on Wednesday, as demand for personal computers (PCs) continued to slump. The world’s largest PC maker said revenue for the January-March period was $12.63 billion, marking the third consecutive quarterly…
By Alexander Winning and Tannur Anders JOHANNESBURG (Reuters) -South Africa’s headline consumer inflation slowed more than expected in April to an 11-month low of 6.8% in annual terms, data showed on Wednesday, but analysts and markets still expect the central bank to hike interest rates on Thursday. Inflation had edged up for two consecutive months…
By Emma Farge GENEVA (Reuters) – The United Nations human rights chief on Wednesday described the situation in Sudan as “heartbreaking” and made a direct call to the two warring generals to stop sexual violence and spare the lives of civilians. Fighting in Sudan that broke out more than a month ago has killed hundreds…
