U.S. charges Apple ex-employee for trying to steal technology, fleeing to China

By Sarah N. Lynch, David Shepardson and Karen Freifeld WASHINGTON (Reuters) – The United States on Tuesday announced charges in five cases involving alleged efforts to steal technology to benefit China, Russia and Iran including a former Apple Inc engineer accused of targeting the company’s technology on autonomous systems, including self-driving cars, and then fleeing…

Read More

Nearly 6 million Britons missed payments on bills, regulator says

By Suban Abdulla LONDON (Reuters) – Millions of British borrowers repeatedly missed payments on bills in the six months to January amid the steep surge in the cost of living and higher interest rates, a survey from the Financial Conduct Authority regulator showed on Tuesday. British households have faced double-digit inflation since September and the…

Read More

Oil dips as weaker China, US economic data offset IEA demand forecast

By Stephanie Kelly NEW YORK (Reuters) – Oil futures dipped on Tuesday as weaker-than-expected economic data in China and the United States offset a forecast of higher global demand from the International Energy Agency (IEA). Brent crude futures settled 32 cents lower to $74.91 a barrel. U.S. West Texas Intermediate crude edged down 25 cents…

Read More

Taiwan speaker hails Japan, South Korea and Philippines for ‘crescent of defense’

By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The speaker of Taiwan’s parliament praised Japan, South Korea and the Philippines on Tuesday for helping to create a “crescent of defense” with Taiwan and the U.S. against China’s ambitions in the Indo-Pacific region. Speaking in Washington, You Si-kun told the Hudson Institute think tank that…

Read More

Wall St ends lower, Treasury yields climb as debt ceiling talks in spotlight

By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Tuesday and benchmark Treasury yields extended their rise as mixed economic data, weak corporate results and ongoing debt ceiling negotiations in Washington dampened investor risk appetite. While all three major U.S. stock indexes ended down, the tech-heavy Nasdaq’s losses were held in check…

Read More