KYIV (Reuters) – Ukraine denied on Wednesday that a Russian hypersonic missile had destroyed a U.S.-made Patriot missile defence system during an air strike on Kyiv. Russia’s defence ministry made the assertion on Tuesday after an overnight air attack on the Ukrainian capital. Two U.S. officials later said a Patriot system had probably suffered damage…
By Asif Shahzad ISLAMABAD (Reuters) -Former Pakistani Prime Minister Imran Khan said on Wednesday that police had surrounded his house and that he expected to be rearrested soon, after the government warned him to hand over supporters who it blamed for attacks on the army. Khan was arrested by the army on May 9 on…
By Josh Ye HONG KONG (Reuters) -Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly…
(Reuters) -Italy posted a trade surplus with the rest of the world of 7.5 billion euros ($8.3 billion) in March, the largest in almost two years, as gas imports from Russia continued to decrease while exports of non-energy products rose, data showed. Trade data has a significant seasonal component and there has not been a…
By Kate Holton and Nick Carey LONDON (Reuters) – British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis has warned, as Ford added its voice to the latest warning from the auto industry since Britain left the European Union. Stellantis, the world’s No. 3…
By Granth Vanaik (Reuters) – TJX Cos Inc lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items. The T.J. Maxx parent also missed first-quarter revenue estimates and joined bigger retailer Target Corp in forecasting a downbeat second quarter as sticky inflation forces…
By Brendan Pierson and Jacqueline Thomsen (Reuters) -All three of the judges on the 5th U.S. Circuit Court of Appeals panel that will hear the Biden administration’s appeal to keep the abortion pill mifepristone on the market are staunchly conservative, with a record of opposing abortion rights. Here is a look at their records. Jennifer…
(Reuters) -Pfizer Inc is planning to raise $31 billion through its largest debt offering to finance its proposed acquisition of Seagen Inc, the drugmaker said late on Tuesday. The company struck a $43 billion deal in March to acquire Seagen and its targeted cancer therapies as it prepares for a steep fall in COVID-19 sales…
By Julia Harte (Reuters) -North Carolina Republican lawmakers overrode a veto by the state’s Democratic governor to enact a law on Tuesday that cuts the window for most abortions in the southern state from 20 to 12 weeks. The law bans elective abortions after the first trimester, except in cases of rape, incest, life-limiting fetal…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter. The proposal comes after India refused to agree to Tesla’s…
