By Andrew Hayley XIAN, China (Reuters) -China wants to further deepen relations with Kazakhstan in times of both “prosperity and adversity”, President Xi Jinping told his visiting Kazakh counterpart on Wednesday. This week, China will for the first time host an in-person summit of Central Asian leaders, building ties in Russia’s backyard as Beijing’s relations…
By James Davey LONDON (Reuters) -JD Sports Fashion expects underlying profit to exceed 1 billion pounds ($1.3 billion) for the first time this year as demand for trainers, joggers and hoodies from its younger shoppers keeps growing. JD has proved resilient to the cost-of-living crisis, with many of its young consumers not yet burdened by…
By Timothy Gardner WASHINGTON (Reuters) – Companies looking to harness the process that powers the sun and stars to generate electricity expect to spend about $7 billion by the time their first nuclear fusion plants come online, a survey published on Wednesday said. Fusion occurs when the nuclei of two light atoms such as hydrogen,…
By Tassilo Hummel PARIS (Reuters) -Former president Nicolas Sarkozy lost his appeal against a 2021 conviction for corruption and influence peddling at the Paris Court of Appeals on Wednesday, prompting his legal team to promise a challenge at France’s highest court. The appeals court upheld a three-year prison sentence. In line with the initial ruling,…
By Khalid Abdelaziz DUBAI (Reuters) – Air strikes and artillery fire intensified sharply across Sudan’s capital on Tuesday, residents said, as the army sought to defend its bases from paramilitary rivals it has been fighting for more than a month. The air strikes, explosions and clashes could be heard in the south of Khartoum, and…
By Tomasz Janowski, Oliver Hirt and Selena Li ZURICH (Reuters) -UBS has flagged tens of billions of dollars of potential costs – and benefits – from its takeover of Credit Suisse, underscoring the high stakes involved as it prepares to complete the rescue of its struggling Swiss rival. In a regulatory presentation, UBS estimated a…
By Laurie Chen BEIJING (Reuters) -China has notified foreign embassies and international organisations not to exhibit “politicised propaganda” on their buildings, an instruction diplomats say is aimed at missions that have displayed Ukrainian flags since Russia’s invasion. Several foreign missions in China raised the Ukrainian flag, or displayed its image in posters and lights, following…
(Reuters) -Bankrupt satellite launch company Virgin Orbit said on Tuesday it entered into a “stalking horse” agreement with Stratolaunch to sell mainly its aircraft assets, including the “Cosmic Girl” carrier aircraft, for $17 million in cash. A stalking horse bid is used as a starting bid or minimally accepted offer that other interested bidders must…
By Jody Godoy (Reuters) -Theranos founder Elizabeth Holmes and former CEO Ramesh “Sunny” Balwani were on Tuesday ordered to pay $452 million to victims of the blood-testing startup’s fraud, and an appeals court also denied Holmes’ request to remain out of prison while challenging her conviction. Holmes, who rose to fame after claiming Theranos’ small…
WASHINGTON (Reuters) -President Joe Biden’s administration is seeking to meet with the makers of the life-saving medication naloxone used to reverse opioid overdoses, in an effort to increase access and reduce cost, a spokesperson for the White House Office of National Drug Control Policy said. ONDCP Director Dr. Rahul Gupta “plans to have conversations with…
