(This July 3 story has been corrected to fix the name of China’s ambassador to Feng, not Fang, in paragraph 1) WASHINGTON (Reuters) – U.S. Secretary of Treasury Janet Yellen and Xie Feng, China’s ambassador to the United States, met on Monday ahead of Yellen’s scheduled visit to Beijing this week, according to a statement…
(Reuters) -China will control exports of some metals used in the semiconductor industry, ramping up a technology war with the United States and potentially causing more disruption to global supply chains. Here’s what people are saying about the measure: LUCY CHEN, VICE PRESIDENT AT TAIPEI-BASED ISAIAH RESEARCH: “We believe that gallium and germanium are indeed…
(Reuters) – Fierce battles broke out on Tuesday across Omdurman, the western part of Sudan’s wider capital, as the army tried cut off supply routes used by its paramilitary rivals to bring reinforcements into the city. The army launched air strikes and heavy artillery, and there were ground battles in several parts of Omdurman, witnesses…
By John Revill ZURICH (Reuters) -A Swiss proxy adviser representing some former Credit Suisse shareholders has backed a class-action lawsuit seeking a better price from UBS for its takeover of its cross-town rival, it said on Tuesday. Ethos Foundation, which represents a Swiss pension funds that owned more than 3% of Credit Suisse, “has decided…
MOSCOW (Reuters) -President Vladimir Putin reassured Asian leaders of Russia’s stability and unity on Tuesday in his first appearance at an international forum since the country was rocked by a brief armed mutiny last month. “The Russian people are consolidated as never before,” Putin told a virtual meeting of the Shanghai Cooperation Organisation (SCO), a…
By Kevin Yao BEIJING (Reuters) – China’s appointment of financial technocrat Pan Gongsheng to a top political post at the central bank points to growing concerns within the country’s leadership over systemic risks in its sprawling financial sector, policy insiders and analysts said. Pan, who came to prominence fighting capital outflows, will be in position…
By Steve Gorman and Gabriella Borter LOS ANGELES (Reuters) -Thousands of Los Angeles-area hotel workers went on strike on Sunday demanding pay hikes and improved benefits in a region where high housing costs make it difficult for low-wage earners to live close to where they hold jobs, union officials said. Unite Here Local 11, which…
DUBLIN (Reuters) – Ryanair (RYA.I) flew a record 17.4 million passengers in June, its highest for a single month and a 9% increase from a year earlier, the low-cost carrier said on Tuesday. The previous traffic record of 17 million was set in May. The Irish airline, Europe’s largest by passengers carried, cancelled more than…
(Reuters) -Four people were killed and two were injured in a shooting on Monday night in Philadelphia, and a suspect was taken into custody, Philadelphia Police Commissioner Danielle Outlaw said at a late night news conference. The suspect, a man believed to be 40-years-old, did not appear to have any connection to the victims, Outlaw…
(Reuters) -Elon Musk’s Twitter has put a temporary limit on the number of tweets that users can see each day, a move that has sparked some backlash and could undermine the social network’s efforts to attract advertisers. The limit, imposed to “address extreme levels of data scraping and system manipulation”, is the latest change by…
