U.S. carries out missile test delayed over Chinese drills

U.S. carries out missile test delayed over Chinese drills

WASHINGTON, Aug 16 (Reuters) – The United States military on Tuesday said it carried out a test of a Minuteman III intercontinental ballistic missile that had been delayed to avoid escalating tensions with Beijing during China’s show of force near Taiwan earlier this month. China deployed scores of planes and fired live missiles in the … Read more

Philips parts ways with CEO in midst of massive recall

Philips parts ways with CEO in midst of massive recall

Van Houten to leave after almost 12 years at helm To be replaced on Oct. 15 by Connected Care head Jakobs Shares up 2%, but down more than 50% since product recall AMSTERDAM, Aug 16 (Reuters) – Philips (PHG.AS) Chief Executive Frans van Houten will leave the company in October, the Dutch health technology firm … Read more

U.S. housing starts near 1-1/2-year low; factory output rebounds

U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the … Read more

American Airlines bets on supersonic travel with Boom jet deal

American Airlines bets on supersonic travel with Boom jet deal

Aug 16 (Reuters) – American Airlines Group Inc (AAL.O) on Tuesday agreed to buy up to 20 jets from aircraft maker Boom Supersonic, becoming the second major U.S. airline to bet on ultra-fast passenger travel in the last two years. The deal brings Boom’s orderbook to 130 airplanes, including options, valued at about $26 billion, … Read more

Russia says Britain requested permission for spy plane to fly over Russia

Russia says Britain requested permission for spy plane to fly over Russia

MOSCOW, Aug 16 (Reuters) – Russia’s Defence Ministry said on Tuesday that Britain has requested permission for its RC-135 spy plane to fly over Russia, a move it termed “a deliberate provocation”. A U.K. Ministry of Defence source denied that Britain had asked permission to fly a spy plane over Russia. The Russian Defence Ministry … Read more

Plumes of smoke seen at Russian military airbase in Gvardeyskoye, Crimea -Kommersant

Plumes of smoke seen at Russian military airbase in Gvardeyskoye, Crimea -Kommersant

Buses for emergency evacuation are parked on the roadside in Azovskoye settlement following an explosion at a Russian military warehouse in the Dzhankoi district, Crimea, August 16, 2022. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register MOSCOW, Aug 16 (Reuters) – Plumes of black smoke were seen on Tuesday at a Russian military … Read more

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Exclusive: Tencent plans to divest Meituan stake worth  billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings … Read more

Cryptoverse: Electric ether leaps on verge of Merge

Cryptoverse: Electric ether leaps on verge of Merge

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 16 (Reuters) – It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, … Read more

Ammunition depot explodes in northern Crimea -TASS citing local authorities

Ammunition depot explodes in northern Crimea -TASS citing local authorities

MOSCOW, Aug 16 (Reuters) – An ammunition depot exploded in northern Crimea, Russia’s TASS news agency reported on Tuesday, citing the administration of the village of Mayskoye. Russia’s Defence Ministry said no “serious” casualties had occurred in the Mayskoye explosion, state-owned news agency RIA reported. Earlier on Tuesday, RIA also reported a fire at a … Read more

UK first to approve Omicron COVID shot with Moderna nod

UK first to approve Omicron COVID shot with Moderna nod

A nurse prepares a dose of the Moderna coronavirus disease (COVID-19) vaccine at the Glangwili General Hospital in Carmarthen, Wales, Britain April 7, 2021. Jacob King/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register UK’s JCVI backs using bivalent shot in autumn booster campaign Moderna sees Australia, Canada, EU approvals soon LONDON, … Read more