By Andrew Osborn (Reuters) – The head of Russia’s Wagner mercenary force fighting in eastern Ukraine said on Tuesday he had been told he and his men would be regarded as traitors if they abandoned their positions in the city of Bakhmut. But Yevgeny Prigozhin said for the second time in a matter of days…
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s anti-corruption agency arrested former prime minister Imran Khan at Islamabad High Court on Tuesday, threatening fresh turmoil in the nuclear-armed country as clashes erupted between Khan supporters and police, killing at least one protester. Khan’s arrest comes a day after the powerful military rebuked him…
By Helen Coster and Yuvraj Malik (Reuters) – Broadcaster Fox Corp beat estimates for third-quarter revenue and adjusted profit on Tuesday, as Chief Executive Lachlan Murdoch affirmed the company’s prime-time programming strategy following its recent $787.5 million settlement with Dominion Voting Systems and dismissal of star host Tucker Carlson. Dominion had sued Fox for $1.6…
WASHINGTON (Reuters) – Boeing Co deliveries fell to 26 airplanes in April, less than half of the previous month’s total, after a manufacturing defect forced the company to halt some shipments of its bestselling 737 MAX passenger jet. Deliveries of the MAX, which had climbed to 52 narrowbody jets in March, dropped to 17 planes…
By Bhanvi Satija and Michael Erman (Reuters) -COVID-19 vaccine maker Novavax Inc on Tuesday forecast much higher 2023 revenue than Wall Street expected and announced plans to cut a quarter of its workforce, spurring hopes of a recovery for the cash-strapped biotech, and its shares jumped 40%. In February, the company raised doubts about its…
WASHINGTON (Reuters) – Dozens of Democratic lawmakers on Monday called on the Biden administration to consider the climate and environmental justice impacts of the expansion of the liquefied natural gas (LNG) industry. The 44 lawmakers, including Senators Jeffrey Merkley, Edward Markey and Representatives Jared Huffman and Raul Grijalva, urged the Council on Environmental Quality, a…
By Hyunjoo Jin and Ernest Scheyder (Reuters) -Tesla Inc on Monday broke ground on a Texas lithium refinery that CEO Elon Musk said should produce enough of the battery metal to build about 1 million electric vehicles (EVs) by 2025, making it the largest North American processor of the material. The facility will push Tesla…
By Tatiana Bautzer NEW YORK (Reuters) – Investment bankers working on mergers, acquisitions or equity offerings are expected to have their bonuses cut by the biggest proportion on Wall Street this year, compensation consultants Johnson Associates said in a report on Tuesday.As deals dry up, bonuses for investment bankers are forecast to shrink 10% to…
By Julia Harte NEW YORK (Reuters) – A fierce debate among New Yorkers over whether a former U.S. Marine was justified in choking an agitated homeless man to death on a subway car last week has renewed focus on a perennial question: Just how bad is crime in the nation’s biggest city? Following the killing,…
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) -Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and resilient demand for its high-end and affordable fragrances and cosmetics. The company also crushed estimates for quarterly earnings, as improving supplies of…
