(Reuters) – Russia’s most prominent opposition leader Alexei Navalny says he expects to see his prison sentence extended by nearly two decades on Friday when a court delivers its verdict on a battery of new charges against him. Who is he and how did he get to this point? OPPOSITION LEADER Navalny, 47, is by…
(Reuters) -Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote…
By Ted Hesson (Reuters) -President Joe Biden’s new regulation restricting asylum access at the U.S.-Mexico border can remain in effect for now, a U.S. appeals court said on Thursday, a short-term win for the Democrat as he grapples with legal challenges to his immigration strategy. The San Francisco-based 9th U.S. Circuit Court of Appeals put…
By Jeffrey Dastin and Chavi Mehta (Reuters) -Amazon.com Inc on Thursday reported sales growth and profit that beat Wall Street’s expectations as the company delivered goods faster and more cheaply to shoppers while recent cloud-computing headwinds began to subside. Amazon’s shares surged 9% on the news, extending its stock market value more than $120 billion…
By Brad Brooks and Kanishka Singh (Reuters) – Six white former Mississippi law enforcement officers pleaded guilty on Thursday to federal civil rights crimes for brutally assaulting two Black men earlier this year, prosecutors said. Federal prosecutors said the six officers sexually and physically assaulted two handcuffed Black men for more than two hours during…
By Lisa Baertlein and Abhirup Roy HUNTINGTON BEACH, California (Reuters) – Electric vehicle (EV) maker Fisker Inc unveiled a pickup truck on Thursday, weeks after starting deliveries of its flagship sport utility vehicle (SUV) and as it tackles persistent supply chain issues. Fisker aims to make a mark in the crowded EV market with lower-priced…
By David Shepardson WASHINGTON (Reuters) – The chair of a U.S. House committee on Thursday urged President Joe Biden to adopt expansive restrictions on outbound U.S. investment in China especially in key sectors likely to harm U.S. national security. Representative Mike Gallagher, a Republican who heads the select committee on China, wants the Biden administration…
(Reuters) – Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of about $1.85 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor to about 16%. Walgreens said in a statement it would use the proceeds to pay down debt and for general corporate purposes. The…
(Reuters) – President Volodymyr Zelenskiy on Thursday decried “revolting” practices exposed during an audit of Ukraine’s military recruitment centres and pledged to fix the system by placing in charge people who understood the meaning of war. Zelenskiy has expressed indignation at corruption uncovered during the audit last month after a high-profile incident of wrongdoing came…
By Nupur Anand NEW YORK (Reuters) – Block Inc reported a rise in second-quarter revenue on Thursday as payment volumes at the fintech giant led by Jack Dorsey held up against a tough economic backdrop. The company reported net revenue of $5.53 billion in the three months ended June, compared with $4.4 billion a year…
