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

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

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

Chinese military survey ship docks at Sri Lanka port

Chinese military survey ship docks at Sri Lanka port

COLOMBO, Aug 16 (Reuters) – The Chinese survey vessel Yuan Wang 5 docked on Tuesday at Sri Lanka’s Chinese-built port of Hambantota, a port official said, a move likely to stoke concern in neighbouring India about the growing influence of its bigger and more powerful rival. The movements of the ship have fuelled contention between … 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

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing … Read more

Ignoring Ukraine setbacks, Putin boasts of Russian weapons prowess

Ignoring Ukraine setbacks, Putin boasts of Russian weapons prowess

LONDON, Aug 15 (Reuters) – President Vladimir Putin said on Monday that Moscow was ready to sell advanced weapons to allies globally and cooperate in developing military technology, nearly six months into the Ukraine war in which his army has performed worse than expected. With the Russian leader’s forces beaten back from Ukraine’s two biggest … Read more

Ukraine says it is targeting Russians shooting at, or from nuclear plant

Ukraine says it is targeting Russians shooting at, or from nuclear plant

KYIV, Aug 13 (Reuters) – Ukraine is targeting Russian soldiers who shoot at an occupied nuclear plant in the south of the country or use it as a base to shoot from, President Volodymyr Zelenskiy said on Saturday. Ukraine and Russia have traded accusations over multiple recent incidents of shelling at the Zaporizhzhia facility, Europe’s … Read more

U.S. tells India that Indian ship was used to reroute Russian-linked fuel to New York

U.S. tells India that Indian ship was used to reroute Russian-linked fuel to New York

The Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra, arrives at a news conference after a monetary policy review in Mumbai, India, February 6, 2020. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug 13 (Reuters) – The United States has expressed concern to India that it was … Read more