By Nancy Lapid (Reuters) – Wildfires are increasingly causing destruction and illness around the world, but the smoke drifting southward from eastern Canada this week is a new experience for the tens of millions who live in the U.S. Northeast. Many in those states are wondering what they need to know about a first-time wildfire…
By Jason Xue and Joe Cash SHANGHAI/BEIJING (Reuters) – China is open for investment, the country’s top financial regulators told foreign financiers at a high-profile forum in Shanghai on Thursday, as concerns mount among foreign firms that they may no longer be welcome. The world’s second-largest economy, keen for foreign investment to support its reopening…
By David Shepardson WASHINGTON (Reuters) – Two U.S. senators said on Thursday they had proposed barring the Federal Aviation Administration from buying or using Chinese-made drones. Senator Marsha Blackburn, a Republican, and Senator Mark Warner, a Democrat who chairs the Intelligence Committee, proposed legislation that would also prohibit the FAA from providing federal funds to…
By John McCrank and Hannah Lang (Reuters) -The chair of the U.S. Securities and Exchange Commission (SEC) on Thursday strongly rebutted criticism that the agency is trying to crush the crypto industry, and said many companies in the space had made a “calculated economic decision” to flout its rules. Speaking at a Piper Sandler conference…
By Nathan Gomes and Sinéad Carew (Reuters) -Shares of used-car retailer Carvana Co closed up 56.0% on Thursday with some help from traders covering their bearish bets after the company forecast second-quarter adjusted earnings above Wall Street expectations due to cost-cutting initiatives. During the session Carvana shares rose as much as 68% to $26.09, which…
By Marco Aquino and Dan Whitcomb (Reuters) -A convicted killer long suspected in the 2005 disappearance of Alabama teenager Natalee Holloway arrived on Thursday in the U.S., where he faces extortion and fraud charges. Images broadcast on U.S. TV networks showed a plane carrying Joran van der Sloot, 35, landing in Birmingham, Alabama on Thursday…
By Dave Graham MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador this week intervened in the increasingly fractious race to succeed him, a move party insiders said was aimed at warding off potential division and protecting the commanding political power base he has built. Under pressure for months from Foreign Minister Marcelo Ebrard…
By David Shepardson (Reuters) -General Motors said Thursday it will invest more than $500 million in its Arlington, Texas assembly plant to prepare it for production of next-generation internal combustion engine full-size SUVs. The Detroit automaker is making a series of announcements this month. Efforts to retool existing North American auto plants and introduce more…
By David Shepardson (Reuters) -General Motors said Thursday it will invest more than $500 million in its Arlington, Texas assembly plant to prepare it for production of next-generation internal combustion engine full-size SUVs. The Detroit automaker is making a series of announcements this month. Efforts to retool existing North American auto plants and introduce more…
By Kanishka Singh WASHINGTON (Reuters) – White House COVID-19 response coordinator Ashish Jha will be leaving his post, U.S. President Joe Biden said on Thursday in a statement in which he thanked Jha for his handling of the pandemic. His departure was reported first by the Wall Street Journal, which said Jha will be the…
