By Andrew MacAskill LONDON (Reuters) – Prime Minister Rishi Sunak faces voters in very different parliamentary seats on Thursday and risks losing all three contests in what would be the worst one-day mid-term result for any British governing party in more than half a century. The votes are one of few remaining opportunities to gauge…
By Leah Douglas (Reuters) – The U.S. Department of Agriculture is seeking to lower food prices and boost competition by joining with 31 states and Washington, D.C., to target price fixing and other anticompetitive behavior in the food and agriculture sectors. The USDA on Wednesday said it would coordinate with the bipartisan group of attorneys…
HONG KONG (Reuters) – A Hong Kong court sentenced a man to three months imprisonment on Thursday for allegedly insulting China’s national anthem by splicing a protest song onto a video clip of a Hong Kong athlete being presented a gold medal at the Tokyo Olympics. Magistrate Minnie Wat said a deterrent sentence was needed…
By Laurie Chen, Martin Quin Pollard and Kate Lamb BEIJING/JAKARTA (Reuters) – Days before a conference of foreign ministers this month, China told host Indonesia it was switching its representative due to “unexpected circumstances”, prompting a scramble in Jakarta to resize the traditional gift of a shirt for attendees. The planned recipient of the colorful…
BAGHDAD (Reuters) – Protesters stormed the Swedish embassy in Baghdad on Thursday and set it on fire in protest against the expected burning of a Koran in Sweden. The demonstration was called by supporters of Muqtada al-Sadr, 48, an influential Shi’ite cleric who commands the loyalty of hundreds of thousands of Iraqis. Here are some…
By Akash Sriram and Hyunjoo Jin (Reuters) -Tesla CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in “turbulent times”, even as his all-out price war on automaker rivals squeezes the company’s own margins. The company has slashed prices several times in the United States, China and other markets…
By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom gear group Nokia on Thursday reported a drop in second-quarter profit due to a decline in margin as growth in sales of 5G gear in low-margin markets such as India failed to offset slowing demand in North America. Nokia and rival Ericsson have been hit by slowing orders…
By Sakura Murakami TOKYO (Reuters) -The United States is actively engaged in ensuring the return of an American soldier who had crossed into North Korea, a U.S. official said on Thursday, ahead of a trilateral meeting with Japan and South Korea on countering North Korean threats. The U.S. is working hard to ascertain information on…
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected 261.85 rupees ($3.19) in its demerger from Indian billionaire Mukesh Ambani’s Reliance Industries. The demerger, which was announced last October, is seen as oil-to-retail conglomerate…
ZURICH (Reuters) – British and U.S. development finance organisations have agreed to be anchor investors in a new $100 million private-public finance initiative led by UBS’ philanthropic arm and non-profit Bridges Outcomes Partnerships, UBS said on Thursday. Initial investments in the initiative, focused on delivering Sustainable Development Goal-aligned outcomes, would support government-backed initiatives to support…
