By Greg Torode and Albee Zhang HONG KONG (Reuters) – After months of intensified and increasingly ambitious drills to project power, Chinese President Xi Jinping, speaking ahead of Tuesday’s 96th anniversary of the People’s Liberation Army (PLA), told China’s armed forces to speed up modernisation. In his address, Xi said the military must broaden its…
(Reuters) -U.S. pharmacy chain CVS Health is cutting 5,000 jobs, the Wall Street Journal reported on Monday, citing a staff memo. In an emailed response to Reuters, CVS confirmed the company was laying off some non-customer facing employees to cut costs, but did not comment on the number of employees affected. The company spokesperson said…
BEIJING (Reuters) – Average new home prices in 100 Chinese cities fell for a third consecutive month in July, while more measures are expected in major cities to lift the country’s embattled property sector, a private survey showed on Tuesday. New home prices on an average fell 0.01% month-on-month in July, unchanged from June and…
By Jason Lange and Alexandra Ulmer WASHINGTON (Reuters) -Donald Trump’s legal entanglements on Monday showed signs they could impact spending on his White House bid, as one of his main political groups reported massive outlays on legal expenses while also clawing back more than $12 million it had transferred to a super PAC supporting Trump’s…
By Kantaro Komiya TOKYO (Reuters) -The Bank of Japan’s Friday decision to make its yield curve control (YCC) more flexible was not deemed a shift in its monetary easing stance, Japan’s government ministers in charge of economic policy said on Tuesday. By tweaking YCC, BOJ last week allowed the country’s interest rates to rise more…
(This July 30 story has been corrected to say that “Barbie” was No. 1 by opening, not total sales, for 2023 in paragraph 2) By Nicholas P. Brown (Reuters) – Warner Bros’ “Barbie” showed no signs of slowing down in its second weekend at the box office, and was set to haul in $93 million…
By Daniel Trotta (Reuters) – Angus Cloud, cast member of the HBO teen drama series “Euphoria,” died on Monday at age 25 just days after the death of his father, his family said in a statement. Cloud played Fezco, an intense drug dealer with a moral code, in the series starring Zendaya in the lead…
By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Reserve Bank of India (RBI) will hold its key interest rate at 6.50% through end-March 2024, according to a Reuters poll of economists, who pushed back their expectations for the first rate cut to the second quarter of 2024 from the first quarter in a…
By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, has appointed senior executives to its London office as part of the rapidly growing fund’s push to expand its presence overseas. The A$300 billion ($201.39 billion) fund on Tuesday appointed six executives to investment, risk and corporate affairs roles, including Carl Astorri to Head…
(Reuters) – It is gone. A giant, glowing X no longer marks the spot on the San Francisco high-rise that is headquarters to Elon Musk’s messaging company X, formerly known as Twitter. The city building department logged 24 complaints after a weekend of the big X, which on Friday was erected on the roof of…