By Eduardo Baptista and Anand Katakam BEIJING (Reuters) – Xi Jinping emerged from the 20th Communist Party Congress with a precedent-breaking third leadership term and a Politburo Standing Committee made up entirely of loyalists, cementing his place as…
Tapestry deepens push into China, undeterred by luxury market slump
By Casey Hall SHANGHAI (Reuters) – Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform to most people’s idea of a luxury goods market. Sometime soon, however, it will be home to a store for American brand Coach….
Exclusive-Twitter is losing its most active users, internal documents show
By Sheila Dang (Reuters) -“Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter research seen by Reuters, goes far beyond the handful of examples…
Microsoft’s dour forecast for revenue growth spooks investors
By Tiyashi Datta and Jane Lanhee Lee (Reuters) -Microsoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, fanning fears stoked by a slump in personal computer sales and easing growth in its cloud co…
U.S. strikes deal with Google over search warrant data loss
By David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday it reached an agreement with Alphabet Inc’s Google resolving a dispute with the search engine giant over the loss of data responsive to a 2016 search warrant. The go…
Golf-Sept. 11 families launch fresh protest over Saudi-backed LIV tour
(Reuters) – Family members of those who died in the attacks on Sept. 11, 2001 in the United States, launched a fresh campaign on Tuesday against LIV Golf, with the Saudi-backed circuit to hold a tournament at Trump National Doral Golf Club beginning Fr…
Russia has notified U.S. about planned nuclear drills -Pentagon
WASHINGTON (Reuters) – Russia has notified the United States about its plans to carry out exercises of its nuclear forces, the Pentagon said on Tuesday, declining to offer further details about drills expected to include test launches of ballistic miss…
U.S. in ‘constant contact’ with Russia about Griner, Biden says
WASHINGTON (Reuters) – The United States is in “constant contact” with Moscow about Brittney Griner, the U.S. WNBA basketball star being held in Russia, President Joe Biden said on Tuesday, after her appeal against a nine-year sentence for drug smuggli…
Liberal U.S. lawmakers withdraw Ukraine letter after blowback
By Patricia Zengerle WASHINGTON (Reuters) -The U.S. Congressional Progressive Caucus withdrew a letter to the White House urging a negotiated settlement to the war in Ukraine, the group’s chairperson, Democratic Representative Pramila Jayapal, said on …
Wall St extends rally on signs of ebbing Fed rate hikes
By Stephen Culp NEW YORK (Reuters) – Wall Street advanced on Tuesday as soft economic data hinted that the Fed’s aggressive policy is taking effect, while falling benchmark Treasury yields boosted the rally’s momentum. All three major U.S. stock indexe…