BEIJING (Reuters) – China’s top spy agency said on Sunday a Chinese citizen who worked for a defense institute had been accused of spying for the United States and his case had been transferred to a court in the southwestern city of Chengdu for trial. The case is the latest to underscore Beijing’s heightened commitment…
By David Lawder WASHINGTON (Reuters) -The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose. The Treasury Department said the deficit was the largest since a…
By Kanishka Singh WASHINGTON (Reuters) – A U.S. Senate panel’s Republican lawmakers sent a letter on Friday to tech companies Meta Platforms, Google, TikTok and X, formerly called Twitter, seeking information on their content moderation policies in the Israel-Hamas war, the senators said. The Republican lawmakers of the U.S. Senate Commerce Committee said they asked…
By Shariq Khan BENGALURU (Reuters) -Oil prices settled lower on Friday after the Islamist group Hamas released two U.S. hostages from Gaza, leading to hopes the Israeli-Palestinian crisis could de-escalate without engulfing the rest of the Middle East region and disrupting oil supplies. Brent crude futures fell 22 cents, or 0.2%, to settle at $92.16…
By Siyi Liu and Dominique Patton BEIJING (Reuters) -China said on Friday it will require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance. China is the world’s top graphite producer and exporter. It…
By David Morgan, Moira Warburton, Katharine Jackson and Makini Brice WASHINGTON (Reuters) -Hardline conservative Jim Jordan pressed ahead with his floundering bid for speaker of the U.S. House of Representatives on Thursday, after his fellow Republicans abandoned a backup plan to allow the leaderless chamber to resume business. The House will hold a third speaker…
By Jody Godoy (Reuters) -The U.S. Securities and Exchange Commission dropped claims against two Ripple Labs executives in its lawsuit alleging the blockchain company violated U.S. securities law, according to a court filing in New York on Thursday. The agency said in court papers it is dropping claims that Ripple Chief Executive Brad Garlinghouse and…
By Yuvraj Malik (Reuters) -Dow Jones Chief Financial Officer Liz O’Melia has resigned from the company after about 16 months at the role, a person familiar with the development told Reuters on Thursday. News Corp unit Dow Jones, which owns the Wall Street Journal, has begun the search for a new CFO after O’Melia resigned…
By Helen Coster NEW YORK (Reuters) -You may never have to read another news story in your life, if you have artificial intelligence that can digest all the web’s information and serve up a summary on demand. That’s the stuff of nightmares for media barons as Google and others experiment with what’s called generative AI,…
By Laura Sanicola (Reuters) -Oil prices settled higher on Thursday as traders remained nervous that Israel’s military campaign in Gaza could escalate to a regional conflict. Brent futures for December settled up 1%, or 88 cents, at $92.38 a barrel while U.S. West Texas Intermediate (WTI) futures for November, which expire on Friday, settled up…
