By Sarah N. Lynch, Jacqueline Thomsen WASHINGTON (Reuters) -Former President Donald Trump again stands accused of illegally trying to overturn the 2020 election results to stay in power. But for the first time some allies and closest advisers also face criminal charges for their roles in the alleged scheme. Already charged by a federal grand…
FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed on Wednesday. Industrial production in the 20 nations sharing the euro expanded by 0.5% on the month, beating expectations for a 0.2% rise,…
ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund has recently reduced its overweight investment position in major tech firms, Chief Executive Nicolai Tangen told a press conference on Wednesday. (Reporting by Gwladys Fouche, editing by Terje Solsvik)
By Casey Hall SHANGHAI (Reuters) -Alibaba Group’s work communication and collaboration platform DingTalk will split from the company’s cloud division, according to two sources close to the company. The sources could not confirm the exact timing of the split and also did not confirm news reported by Chinese media outlet Caixin on Wednesday that DingTalk…
LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics (ONS) said on Wednesday, the smallest rise since July 2020. House prices in London fell by 0.6%, the ONS said. Britain’s housing market, which boomed during the coronavirus pandemic, has come under strain from higher…
By Pavel Polityuk KYIV (Reuters) – Russian drone strikes damaged grain silos and warehouses at the Ukrainian river port of Reni on the Danube, a vital wartime route for Ukrainian food exports, senior officials said on Wednesday. Russian strikes on port infrastructure on the Danube in recent weeks have piled pressure on Ukrainian food exports…
By Clare Jim HONG KONG (Reuters) – China’s financially beleaguered property developer Country Garden promised “five-star living” to the masses in less popular, smaller cities but focusing on those areas has come back to haunt it. China’s largest developer by sales value before this year, Country Garden’s debt crisis has raised fears that its contagion…
SHANGHAI/SINGAPORE (Reuters) – Yield differentials between China and the U.S. widened to their highest in 16 years on Wednesday, as investors speculated that China’s central bank would ease monetary policy further after a surprise rate cut, even if it puts the yuan under pressure. The People’s Bank of China (PBOC) unexpectedly cut key policy rates…
BEIJING (Reuters) – Boeing named Alvin Liu head of its China unit on Wednesday, picking a Chinese-born representative recently hired from the auto industry as the aircraft maker grapples with a drought in U.S. imports to the crucial aviation market. Both Boeing and Airbus SE now have top executives in China who were born in…
AMSTERDAM (Reuters) – The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the second quarter, a first estimate published by Statistics Netherlands on Wednesday showed. The euro zone’s fifth largest economy shrank for the second consecutive quarter, after a 0.4% contraction in the first three months of the…
