By Casey Hall SHANGHAI (Reuters) – When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the e-commerce boom in the world’s second biggest economy, it launched without deep discounts or a celebrity host to pull millions of viewers. Yet Apple’s show, hosted by product experts offering tips on making movies with…
LISBON (Reuters) – The European Central Bank is close to being able to pause the trajectory of rising interest rates so as not to harm the stagnant euro zone economy, ECB Governing Council member Mario Centeno said on Wednesday. In an interview with Portugal’s broadcaster RTP he said that the ECB “must be cautious so…
WASHINGTON (Reuters) – General Sergei Surovikin, the deputy commander of Russia’s military operations in Ukraine, was sympathetic to mercenary chief Yevgeny Prigozhin’s weekend rebellion, U.S. officials said on Wednesday, though it was unclear if he actively supported it. Prigozhin startled the world by leading an armed revolt on Saturday that brought his Wagner Group fighters…
(Reuters) – Ukrainian forces are advancing “slowly but surely” on the front lines in the east and southeast of the country as well as around the longstanding flashpoint of Bakhmut, senior military officials said on Wednesday. Since launching an anticipated counter-offensive this month, nearly 16 months into the war, Ukraine says it has reasserted control…
By Jose Luis Gonzalez and Steve Gorman TRUTH OR CONSEQUENCES, New Mexico (Reuters) – A three-man crew from Italy is set on Thursday to board a passenger rocket plane operated by Virgin Galactic, the venture British billionaire Richard Branson founded in 2004, for the company’s first commercial flight to the edge of space. The two…
By Daniel Leussink and Norihiko Shirouzu (Reuters) – Nissan installed a camera surveillance system at the home of former executive Ashwani Gupta so the automaker’s internal security team could monitor him, according to the preliminary findings of an investigation into the surveillance, two people with knowledge of the report said. Nissan has been investigating a…
By Max Hunder DONETSK REGION, Ukraine (Reuters) – As Russia’s invasion enters its 17th month, Ukrainian forces say Moscow is ramping up its use of low-cost suicide drones that are capable of destroying equipment many times their value and not easy to defend against. The Lancet drone, an angular grey tube with two sets of…
By Foo Yun Chee BRUSSELS (Reuters) – Businesses and Big Tech on Wednesday criticised European Union data rules agreed between EU countries and lawmakers, saying they could hinder data flow and contractual freedom, while a pan-European consumer group said they did little for Europeans. The Data Act, agreed on Tuesday, sets out rights and obligations…
By Stephen Culp NEW YORK (Reuters) – The Nasdaq Composite Index closed higher and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate hikes are probably in the cards. Of the three major U.S. stock indexes, only the Nasdaq advanced, lifted by megacap momentum stocks led by Tesla…
By Timothy Gardner and Joseph White WASHINGTON/DETROIT (Reuters) -President Joe Biden’s administration on Wednesday said it intends to invest $2 billion from last year’s Inflation Reduction Act to accelerate domestic manufacturing of electric vehicles and resuscitate plants that are struggling. Speeding grants and other subsidies to fund conversion of existing auto plants to build electric…
