US warns new Chinese counterespionage law puts companies at risk

By Michael Martina WASHINGTON (Reuters) -The U.S. on Friday warned about a new Chinese counterespionage law, saying American and other foreign companies in the country could face penalties from Chinese authorities for regular business activities. Chinese lawmakers this year passed a wide-ranging update to Beijing’s anti-espionage legislation that goes into effect on July 1, banning…

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UK, Australia and Canada want reversal of Israel approval of new West Bank settlement units

LONDON (Reuters) – Britain, Australia and Canada have called on Israel’s government to reverse a decision to approve new settlement units in the West Bank, saying they are “deeply concerned” by an ongoing cycle of violence. This week, Israel approved over 5,700 new settlement units in the West Bank and earlier this month instituted changes…

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UNESCO member states give green light to US return, Blinken says

By Kanishka Singh WASHINGTON (Reuters) – UNESCO’s member states backed the United States’ return to the United Nations’ cultural organization almost five years after then-President Donald Trump ordered an American withdrawal, U.S. Secretary of State Antony Blinken said on Friday. “I am encouraged and grateful that today the (UNESCO) membership accepted our proposal, which will…

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Apple’s market value ends above $3 trillion for first time

By Noel Randewich and Tiyashi Datta (Reuters) -Apple Inc’s stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets. Shares of the world’s most valuable company jumped 2.3% to $193.97, giving…

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Wall St ends strong quarter with broad rally, dollar dips as inflation cools

By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher and the dollar softened on Friday as investors closed the books on a solid quarter, with data showing progress in the Federal Reserve’s efforts to tame inflation. All three major U.S. stock indexes surged, notching weekly, monthly and quarterly gains. “It’s a nice…

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Revised UPS contract offer makes ‘significant’ movement on pay -Teamsters

By Lisa Baertlein LOS ANGELES (Reuters) -United Parcel Service delivered a revised contract offer with “significant movement on wages and other economic language,” the union representing roughly 340,000 U.S. drivers, package handlers and loaders at the global delivery firm said on Friday. The International Brotherhood of Teamsters union said UPS has requested more time to…

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Revised UPS Contract Offer Makes ‘significant’ Movement On Pay -Teamsters

LOS ANGELES (Reuters) – United Parcel Service has delivered a revised offer with “significant movement on wages and other economic language,” the union representing roughly 340,000 U.S. drivers, package handlers and loaders at the global delivery firm said on Friday. The International Brotherhood of Teamsters union said UPS has requested more time to negotiate and…

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