Articles by Reuters
Reuters
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China new home prices fall at fastest pace in over 9 years in August
BEIJING - China's new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector. New home prices were down 5.3 percent from a year earlier, the fastest pace since May 2015, compared with a 4.9 percent slide in July, according to Reuters calculations based on National Bureau of Statistics data. In monthly terms, new home prices fell for the fourteenth straight mo
World News Sept. 14, 2024
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Harris rattles Trump in combative debate
PHILADELPHIA -- Democratic candidate Kamala Harris put her Republican rival Donald Trump on the defensive in a combative presidential debate on Tuesday with a stream of attacks on his fitness for office, his support of abortion restrictions and his myriad legal woes. A former prosecutor, Harris, 59, controlled the debate from the start, getting under her rival's skin repeatedly and prompting a visibly angry Trump, 78, to deliver a series of falsehood-filled retorts. At one point, she goaded
World News Sept. 11, 2024
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Strike hits production at key Samsung electronics plant in India
SRIPERUMBUDUR (Reuters) -- Samsung Electronics' production at a plant in southern India was disrupted for a second day by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labour unrest. South Korea-based Samsung, India's biggest consumer electronics company, counts the country as a key growth market, competing with the likes of LG Electronics to make everything from televisions and refrigerators to smartphones. The strike
Companies Sept. 10, 2024
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Why does Apple have to pay Ireland $14.4 billion?
LONDON (Reuters) -- Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back taxes to Ireland, as part of a wider crackdown on so-called "sweetheart deals." What happened? In 2016, the European Commission’s competition chief Margrethe Vestager accused Ireland of having granted Apple illegal tax benefits, unfairly diverting investment away from other countries. Both Apple and
Technology Sept. 10, 2024
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Hezbollah launches missile barrage after Israel strikes
JERUSALEM (Reuters) -- Hezbollah launched hundreds of rockets and drones against Israel on Sunday in retaliation for the assassination of a senior commander in Beirut last month, the Iranian-backed movement said, as Israel's Cabinet met to prepare a response. Israeli jets hit targets in Lebanon shortly before the strikes, as the military assessed that Hezbollah was preparing to begin the barrage, the military said. Hezbollah said it had launched more than 320 Katyusha rockets toward Israel
Foreign Affairs Aug. 25, 2024
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Israeli airstrike kills 5 in West Bank, including Hamas commander
RAMALLAH, West Bank -- An Israeli airstrike on a vehicle in the occupied West Bank killed a commander in the Palestinian armed group Hamas on Saturday, Hamas media reported, while Palestinian news agency WAFA said four other men were also killed. The identities of the others were not clear, according to the WAFA report, which cited health officials. The Israeli military said it had carried out an airstrike against a militant cell around the West Bank city of Tulkarm. Hamas media said a vehicle c
World News Aug. 3, 2024
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Bank of England cuts rates from 16-year high, 'careful' on future moves
LONDON -- The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently. Governor Andrew Bailey -- who led the 5-4 decision to lower rates by a quarter-point to 5 percent -- said the BoE's Monetary Policy Committee would move cautiously going forward. "We need to make sure make sure inflation stays low, and be careful not to cut interest rates too quickly or by too m
World News Aug. 1, 2024
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Major US carriers including American, UAL ground flights citing comms issue
Major US carriers including American Airlines, Delta Airlines and United Airlines issued ground stops on Friday morning citing communication issues, less than an hour after Microsoft resolved its cloud services outage that impacted several low-cost carriers. It was not immediately clear whether the call to keep flights from taking off were related to the earlier Microsoft cloud outage. Apart from American and Delta, UAL and Allegiant Air too grounded flights. The FAA did not immediately respond
Foreign Affairs July 19, 2024
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Trump shot in ear at campaign rally
BUTLER, Pennsylvania -- Donald Trump was shot in the ear during a Saturday campaign rally, in an attack that left the Republican presidential candidate's face streaked with blood and prompting his security agents to swarm him, before he emerged and pumped his fist in the air, mouthing the words "Fight! Fight! Fight!" The shooter was dead, one rally attendee was killed and two other spectators were injured, the Secret Service said in a statement. The incident was being investigat
World News July 14, 2024
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French voters deliver win for the left, blow for Le Pen
PARIS -- France faced potential political deadlock after elections on Sunday threw up a hung parliament, with the left alliance unexpectedly taking the most seats but no group winning a majority. Voters delivered a major setback for Marine Le Pen's nationalist, euroskeptic National Rally, which opinion polls had predicted would win the second-round ballot but ended up in the third spot, according to pollsters' projections. The results were also a blow for centrist President Emmanuel Macron, who
World News July 8, 2024
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Samsung Electronics union in South Korea declares strike
A workers' union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning of more damaging action against the country's most powerful conglomerate than its one-day walkout last month. The National Samsung Electronics Union, whose roughly 28,000 members make up over a fifth of the firm's workforce, is planning to begin the strike on July 8, asking the company for commitments such as improve
Economy July 1, 2024
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How Democrats could replace Biden as presidential candidate
After President Joe Biden's shaky performance at the debate with former President Donald Trump on Thursday night, some Democrats openly questioned whether he should be replaced as their candidate for the 2024 election. There is a process for doing so, but it would be messy. For answers on how that would work, Reuters spoke to Elaine Kamarck, a senior fellow at the Brookings Institution think tank, a Democratic National Committee member, and author of the book "Primary Politics" ab
World News June 30, 2024
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Trump will encourage S. Korea, Japan ties, allies tell foreign officials
Donald Trump's allies are assuring officials in Japan and South Korea that the Republican presidential candidate will support a Biden-era effort to deepen three-way ties aimed at countering China and North Korea, five people familiar with the conversations said. In conversations over the past weeks, policy advisers with Trump's ear have delivered this message to officials in Seoul and Tokyo: if Trump takes office again, the ex-US president will support the two capitals' work to wa
World News June 29, 2024
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Apple and Meta have discussed AI partnership: WSJ
Facebook parent Meta Platforms has discussed integrating Meta's generative AI model into Apple Inc's recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. Apart from Google and Meta, AI startups Anthropic and Perplexity have also been in discussions with Apple to bring their generative AI to Apple Intelligence, the Journal reported, citing people familiar with the matter. Apple, Meta, Perplexity and Anthropic did not respond immediately to requests for c
World Business June 23, 2024
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EU seeks defense industry partnerships with Japan, South Korea: Nikkei
TOKYO -- The European Union is seeking security and defense industry partnerships with Japan and South Korea aimed at joint development of military equipment, the Nikkei reported on Sunday, citing a senior EU commission official. These would mark the EU's first such security and defense-related collaboration with Asian nations, the Japanese business newspaper said in a report from Brussels that did not identify the official. The bloc hopes to reach a ministerial-level agreement with Japan b
World News June 23, 2024
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