SHANGHAI/BEIJING (Reuters) -Great Wall Motor has filed a report with China’s regulators against BYD, it said on Thursday, claiming its rival’s two top-selling hybrid models did not meet emissions standards and triggering a rare public spat. BYD rejected the claim, saying its vehicles met China’s emission standards and that it reserved the right to take…
By Karen Freifeld WASHINGTON (Reuters) – The head of the House Financial Services Committee on Thursday asked the Biden administration for details about its outbound investment proposal, including why investment restrictions would be more effective than export controls or sanctions. Republican U.S. Representative Patrick McHenry, whose panel has a wide remit over financial matters and…
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) -The United States has long asked Ukraine not to use U.S.-provided military equipment to carry out attacks inside Russian territory, the top U.S. general said on Thursday, following accusations by Russia that pro-Ukrainian militia used U.S. armored vehicles. Army General Mark Milley, chairman of the Joint Chiefs…
(Reuters) -Much of the U.S. Western Pacific territory of Guam was without power and water on Thursday after a typhoon packing ferocious winds and torrential rains battered the island but caused no reported fatalities or major injuries. Guam residents were ordered to boil their water until further notice as crews repaired generators damaged by Typhoon…
(Reuters) – The U.S. Supreme Court has issued several important rulings during its current term that began last October and is due to decide its remaining cases by the end of June including disputes involving race-conscious college admissions practices, President Joe Biden’s student debt forgiveness plan and voting rights. Here is a look at some…
By Svea Herbst-Bayliss NEW YORK (Reuters) -Carl Icahn secured a seat on Thursday for one of his three nominees to the board of gene sequencing machine maker Illumina Inc, a partial victory for the activist investor who is struggling to defend his own company from a shortseller attack. Illumina said that only one of Icahn’s…
By Nivedita Balu and Niket Nishant (Reuters) – Canada’s two biggest lenders, Royal Bank of Canada and TD, missed analysts’ estimates for quarterly earnings on Thursday as tough economic conditions spurred the banks to make higher provisions for borrowers falling behind on repayments. TD, which called off its $13.4 billion acquisition of U.S.-based First Horizon…
By Laura Sanicola (Reuters) – Oil prices settled lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures settled down $2.10, or 2.7%, to $76.25 a barrel. U.S. West Texas Intermediate crude (WTI) settled down $2.51, or 3.4%,…
By Joseph White DETROIT (Reuters) – U.S. trade policy with China and other nations must strike a more equitable balance between needs of workers and corporate profits, leaders of two big U.S. unions said at the Asia Pacific Economic Cooperation trade ministers meeting on Thursday. “We’re not anti-trade,” United Auto Workers union President Shawn Fain…
By Josh Ye HONG KONG (Reuters) -Social media platform TikTok said on Thursday it is in the early stages of exploring a chatbot called “Tako” that can converse with users about short videos and help them discover content, and is conducting tests with select users in the Philippines. OpenAI, backed by Microsoft Corp, last year…
