LONDON (Reuters) – Oscar-winning actor Kevin Spacey appeared in a London court on Wednesday at the start of his four-week trial on a dozen sex offence charges. Spacey, 63, denies allegations of historic offences committed against four men which are said to have taken place between 2001 and 2013. The charges against Spacey include repeated…
(Reuters) -Hong Kong-based conglomerate Swire Pacific Ltd said on Wednesday it would sell its Swire Coca-Cola USA unit for $3.9 billion to its controlling shareholder, John Swire & Sons Ltd. Swire Coca-Cola USA produces and sells Coca-Cola and other drinks across 13 U.S. states. Swire Pacific, which owns a 45% stake in Hong Kong’s flagship…
By Ananya Mariam Rajesh (Reuters) – Nike is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant’s products from wholesalers such as Foot Locker and Hibbett wanes in the United States due to still-high inflation. At least seven analysts trimmed their fiscal 2024 expectations for Nike’s earnings per share…
By Stephen Nellis (Reuters) – Oracle Corp on Wednesday said it is adding generative artificial intelligence features to its human resources software for businesses, aiming to help draft job descriptions and employee performance goals, among other tasks. AI systems like ChatGPT that can generate human-like answers to prompts have taken the technology sector by storm,…
BEIJING (Reuters) – About 90% of Boeing’s China 737 MAX fleet have resumed commercial operation as of the end of June, the U.S. aircraft maker said on its official WeChat account on Wednesday. Some planes have been dispatched to regional international routes, Sherry Carbary, president of Boeing China, said in the article. China grounded its…
By Sharon Bernstein (Reuters) – Five cases of malaria have been confirmed in Florida and Texas, the first time the potentially fatal mosquito-borne disease has been locally acquired in the United States in 20 years, the Centers for Disease Control and Prevention said Monday. The four Florida cases, along with one in Texas, have been…
By Jessie Pang HONG KONG (Reuters) – Two years after screening an internationally acclaimed documentary on the democracy movement in Hong Kong, director Kiwi Chow has been forced to complete a new movie with fresh financing after political concerns scared off some investors. The fears spiked after Hong Kong adopted a new censorship law in…
BANGKOK (Reuters) – Thailand’s economy is projected to grow 3.9% this year, up from a previous forecast of 3.6%, helped by private consumption growth and a recovery in tourism, the World Bank said on Wednesday. Southeast Asia’s second-largest economy expanded 2.6% in 2022, when its tourism sector began to rebound after broad pandemic-related travel curbs…
By Davide Barbuscia NEW YORK (Reuters) – U.S. government bond investors have racked up positive returns so far this year, with the higher income from bonds offering a buffer against market weakness if the Federal Reserve increases interest rates again. It is a turnaround from the losses of 2022, which marked the end of a…
A look at the day ahead in U.S. and global markets from Mike Dolan Eyeing another slew of impressive U.S. economic soundings, the world’s four most powerful central bankers are set to give a collective take on Wednesday on their final policy push to rein in inflation. Markets are torn between embracing the resilience of…
