By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s e-commerce platforms are competing fiercely in the country’s first major shopping festival after the pandemic, offering steep discounts to entice frugal consumers in more worrying signs for an economy struggling to build momentum. The 618 festival, named after the founding date of JD.com but embraced…
(Reuters) – An oppressive heat wave settled over a wide swath of the U.S. South on Thursday, bringing record-breaking temperatures that topped 100 degrees Fahrenheit (38 Celsius) in many spots and creating dangerously hot conditions from Texas to Florida. At midday, more than 35 million people in southern Texas, Louisiana and Florida were under excessive…
TOKYO (Reuters) -Nissan Motor’s Chief Operating Officer Ashwani Gupta will leave the Japanese automaker later this month to pursue other opportunities after helping to steer a turnaround plan aimed at streamlining operations, the company said on Friday. Nissan plans to announce a new executive line-up on June 27, coinciding with his departure, it said in…
By Zeba Siddiqui and Raphael Satter (Reuters) – The U.S. Department of Energy and several other federal agencies were hit in a global hacking campaign that exploited a vulnerability in widely used file-transfer software, officials said on Thursday. Data was “compromised” at two entities within the energy department when hackers gained access through a security…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan is widely expected to maintain ultra-easy monetary policy on Friday despite stronger-than-expected inflation, as it focuses on supporting a fragile economic recovery amid a sharp slowdown in global growth. The central bank is also likely to keep intact a pledge to “patiently” sustain massive stimulus to…
By Luc Cohen NEW YORK (Reuters) -A U.S. judge on Thursday granted a request from prosecutors to try some of their charges against Sam Bankman-Fried in a second trial next year separate from his scheduled Oct. 2 trial over the collapse of now-bankrupt cryptocurrency exchange FTX. Bankman-Fried, 31, will be tried on March 11, 2024,…
By Farah Master HONG KONG (Reuters) -China’s Ministry of Foreign Affairs in Hong Kong said resolutions passed by the European Parliament on Thursday related to the Chinese controlled territory were a “despicable act” and “trampled” on the principles of international law. The European Parliament’s resolution titled “The deterioration of fundamental freedoms in Hong Kong, notably…
WASHINGTON (Reuters) – President Joe Biden on Thursday urged Congress to pass a law that would provide a pathway to U.S. citizenship for young people brought to the country illegally as children, using a White House movie night to underscore his support for Latinos. Biden and his wife, Jill, hosted a showing of “Flamin’ Hot,”…
(Reuters) – The U.S. on Thursday condemned “in the strongest terms” what it called human rights violations, abuses and “horrific violence” in Sudan during that country’s two-month-old war, a State Department spokesperson said. The U.S. is especially concerned about reports of ethnic violence committed by the paramilitary Rapid Support Forces (RSF) and allied militias in…
By David Ljunggren OTTAWA (Reuters) -At least 15 people were killed in the Canadian prairie province of Manitoba on Thursday after a semi-trailer truck hit a small bus that was carrying a group of mainly elderly people, police said. The crash is one of the most lethal road accidents in recent Canadian history. The crash…
