Moscow-backed official says Russian army gains advantage from Ukraine dam breach

By Andrew Osborn (Reuters) – A top Moscow-backed official in part of Ukraine controlled by Russia has said that the collapse of the giant Kakhovka Dam has handed the Russian military a tactical advantage, but a prominent U.S. military analyst saw little immediate impact. The vast Soviet-era Kakhovka dam, under Russian control, was breached in…

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Boeing accused in lawsuit of stealing trade secrets for NASA rocket

By Jonathan Stempel (Reuters) – Boeing was sued on Wednesday by a Colorado company that accused the aerospace giant of stealing trade secrets for NASA’s Space Launch System rocket, and then building components with “critical” safety flaws that could endanger astronauts. Wilson Aerospace said it worked with Boeing for two years starting in 2014 after…

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Analysis-For Musk and other foreign CEOs visiting China, silence is golden

By Brenda Goh and Joe Cash SHANGHAI/BEIJING (Reuters) – A veritable parade of overseas CEOs including Tesla’s Elon Musk and Goldman Sachs’ David Solomon have made their way to a reopened China in the last few months. One notable common strand: they’ve not talked much in public about their trips which have mostly consisted of…

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Saudi crown prince, Blinken had ‘candid’ talks in Jeddah -US official

By Humeyra Pamuk and Aziz El Yaakoubi JEDDAH, Saudi Arabia (Reuters) -U.S. Secretary of State Antony Blinken had an “open, candid” conversation with Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday about a wide range of bilateral issues, a U.S. official said. The top U.S. diplomat arrived in Saudi Arabia late…

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Analysis-Starbucks brews up cheaper India drinks as domestic rivals expand

By M. Sriram and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – Starbucks is revamping its strategy to lure Indians, including children, with smaller, cheaper beverages as it looks to expand in small towns amid a fierce challenge from domestic startups in one of its fastest-growing markets. Among the first foreign coffee brands to enter tea-loving India,…

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US announces reward for information on Swedish national charged with drug trafficking

By Kanishka Singh WASHINGTON (Reuters) – The United States on Wednesday announced a reward of up to $5 million for information that could lead to the arrest of Swedish national Maximilian Rivkin, who has been charged with involvement in drug trafficking and money laundering. The offer was announced by the U.S. State Department jointly with…

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China’s targeting of US firms is politically motivated, US ambassador says

By Michael Martina and Kanishka Singh WASHINGTON (Reuters) -The United States will push back on China’s targeting of American companies such as memory chipmaker Micron Technology Inc, a campaign Washington considers politically motivated and unfair, U.S. Ambassador to China Nicholas Burns said on Wednesday. In May, China’s cyberspace regulator said Micron Technology would be barred…

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