By Ju-min Park and Heekyong Yang SEOUL (Reuters) – When former Samsung executive Choi Jinseog won a contract with Taiwan’s Foxconn in 2018, he tapped his former employer’s supplier network to steal secrets to help his new client set up a chip factory in China, an indictment by South Korean prosecutors alleges. Prosecutors announced the…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Tuesday rebuffed a legal theory favored by many conservatives that could hand sweeping power to state legislatures to establish rules for presidential and congressional elections and draft electoral maps giving huge advantages to the party already in control. The justices, in a 6-3 decision authored by…
By Danielle Broadway LOS ANGELES (Reuters) – “American Idol” TV show host Ryan Seacrest said on Tuesday he will be the new host of “Wheel of Fortune” beginning in 2024, after Pat Sajak retires and ends his four-decade run on the daily syndicated U.S. game show. “I’m truly humbled to be stepping into the footsteps…
WASHINGTON (Reuters) -A new report detailing intelligence failures leading up to the Jan. 6, 2021, attack on the U.S. Capitol said government agencies responsible for anticipating trouble downplayed the threat – even as the building was being stormed in an attempt to stop Congress’ certification of Joe Biden as the 46th president. The 105-page report,…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices slumped over 2% on Tuesday on signals that central banks may not be done with interest rate hikes, while investors awaited data that could shed light on U.S. fuel consumption during the peak summer driving season. Brent crude futures settled down $1.92, or 2.6%, at $72.26 a…
By Joseph Ax (Reuters) – Georgia’s top election official, Brad Raffensperger, is scheduled on Wednesday to answer questions from federal investigators examining former President Donald Trump’s efforts to overturn the 2020 presidential election, a spokesperson for Raffensperger’s office said. Raffensperger, Georgia’s Republican secretary of state, will likely be asked about a phone call he received…
By Hyunjoo Jin and Trevor Hunnicutt (Reuters) -Tesla’s electric-vehicle charging technology is being put on a fast track to become a North American standard, giving a further boost to the automaker’s plan to expand access to its once-exclusive chargers. Tesla’s charging technology has been gathering momentum for weeks. Volvo Car on Tuesday joined General Motors,…
By Nivedita Balu and Fergal Smith TORONTO (Reuters) – Canada’s record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from higher borrowing costs but raising debt loads and worrying regulators. Variable rate mortgages in Canada typically require borrowers…
By Nivedita Balu and Fergal Smith TORONTO (Reuters) – Canada’s record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from higher borrowing costs but raising debt loads and worrying regulators. Variable rate mortgages in Canada typically require borrowers…
By Jonathan Stempel (Reuters) -A U.S. judge has rejected Apple’s bid to throw out a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China. U.S. District Judge Yvonne Gonzalez Rogers’ decision late Monday night clears the way for shareholders led by a British pension fund…
