By Hyunsu Yim SEOUL (Reuters) -North Korea said on Thursday deployment of U.S. aircraft carriers, bombers or missile submarines in South Korea could meet criteria for its use of nuclear weapons, state media KCNA reported, citing the country’s defence minister, Kang Sun Nam. The comments raise the stakes as each side steps up displays of…
WASHINGTON (Reuters) -The U.S. Federal Trade Commission official on Thursday withdrew the agency’s case before an in-house judge that sought to block Microsoft’s $69 billion acquisition of game-maker Activision. The agency has been pursuing a two-pronged attack against the proposed transaction. One was in district court, which refused last week to slap a preliminary injunction…
WASHINGTON (Reuters) – A special purpose acquisition firm that is set to merge with former U.S. President Donald Trump’s media company settled regulatory charges that it had made “material misrepresentations” to investors. The U.S. Securities and Exchange Commission (SEC) said on Thursday that Digital World Acquisition Corporation, which was found to have violated antifraud provisions…
WASHINGTON (Reuters) – U.S. Transportation Secretary Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle companies in the American market after some lawmakers called for restrictions on their operations. “Whether we are talking about hardware or software, in the same way there are concerns around telecom or TikTok, there…
By Anant Chandak BENGALURU (Reuters) – South Korea’s economic growth likely slowed a bit last quarter as languishing exports and high interest rates hurt private consumption that accounts for about half of the economy, a Reuters poll of economists found. While exports from Asia’s fourth-largest economy declined in June, imports also fell, indicating a lack…
By Carolina Pulice and Kylie Madry MEXICO CITY (Reuters) – Mexico’s Grupo Financiero Banorte reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million) on better results in its insurance and annuities and trading units. Both units saw 38% profit boosts. Despite the gains, Banorte still missed an estimate…
KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy urged his government on Thursday to keep a tight rein on spending in wartime, in a call that resulted in his culture minister, a proponent of several high-profile and costly projects, offering his resignation. “In a time of war like this the maximum amount of state attention and…
By Christopher Bing and Raphael Satter WASHINGTON (Reuters) -A North Korean government-backed hacking group penetrated an American IT management company and used it as a springboard to target cryptocurrency companies, the firm and cybersecurity experts said on Thursday. The hackers broke into Louisville, Colorado-based JumpCloud in late June and used their access to the company’s…
By Suban Abdulla LONDON (Reuters) – British consumers have turned more pessimistic in the face of rising interest rates and high inflation, according to a survey published on Friday which ended a five-month streak of growing confidence levels. Market research firm GfK’s headline gauge of consumer confidence fell to -30 this month from -24 in…
By Rae Wee SINGAPORE (Reuters) – When global commercial real estate services firm JLL found public debt and loan markets were averse to funding a property project in Arizona, it turned to private credit markets and easily got the loan. The $585 million refinancing loan for real estate company Five Star Development was at an…
