Violent storm kills six in Corsica as island raises new warning

PARIS, Aug. 18 (Reuters) – A violent and unexpected storm ravaged the French Mediterranean island of Corsica on Thursday, killing at least six people, including a teenage girl, and meteorologists forecasting more bad weather to come. Hail, heavy rain and winds peaking at 224 kph (140 mph) swept the island early in the day. Two … Read more

Stocks choppy, US yields fall as investors digest Fed minutes

A man in a protective mask walks past an electronic board displaying the Shanghai Composite Index, Nikkei Index, and Dow Jones Industrial Average during the coronavirus disease (COVID-19) outbreak outside a real estate agency in Tokyo, Japan, March 7, 2022. REUTERS / Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com Register Wall … Read more

NATO says it is ready to step up forces if tensions between Serbia and Kosovo escalate

BRUSSELS, Aug. 17 (Reuters) – NATO will increase its peacekeeping force in Kosovo if tensions with neighboring Serbia escalate, the alliance’s leader said Wednesday, on the eve of EU-facilitated talks between the Western Balkans’ alienated neighbors. “We now have an important mission, a military presence in Kosovo of nearly 4,000 troops,” Jens Stoltenberg told a … Read more

Column: US steps in EV accelerator to break Chinese metal ties: Andy Home

LONDON, Aug. 16 (Reuters) – The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change,” said President Joe Biden, who will sign the bill later on Tuesday. About $369 billion in federal funds will flow into climate change and energy security, increasing domestic capacity to produce wind … Read more

EXCLUSIVE Biden’s emergency council calls for railroad wage increases to resolve contract talks

US President Joe Biden walks to Air Force One as he departs for Washington, DC, from Joint Base Charleston, South Carolina, US, Aug. 16, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LOS ANGELES, Aug. 16 (Reuters) – US President Joe Biden’s emergency council is tasked with helping major freight railroads … Read more

Elon Musk says he’s buying Manchester United

Aug 16 (Reuters) – Elon Musk, the world’s richest person, tweeted on Tuesday that he bought football club Manchester United Plc (MANU.N), without giving details. Musk has a history of being unconventional and making irreverent tweets, and it wasn’t immediately clear whether he intended to make a deal to secure Manchester United. “I like to … Read more

Philips bids farewell to CEO amid massive recall

Van Houten leaves the helm after almost 12 years To be replaced on October 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 tech company said … Read more

American Airlines bets on supersonic travel with Boom jet deal

Aug 16 (Reuters) – American Airlines Group Inc (AAL.O) on Tuesday agreed to purchase up to 20 jets from aircraft maker Boom Supersonic, making it the second major U.S. airline to bet on ultra-fast passenger travel in the past two years. The deal brings Boom’s order book to 130 aircraft, including options, worth about $26 … Read more

Exclusive: Tencent plans to divest its $24 billion stake in Meituan

Tencent wants to start selling Meituan shares this year – sources Sales tries to please regulators, monetize 8-year-old gambling resources Selling Shares Will Likely Be Done As Block Trading – Resources Move Comes Following Tencent’s Divestment of JD.com, SEA Holdings Meituan shares sink 10%; Restoring Tencent Shares HONG KONG, Aug. 16 (Reuters) – China’s Tencent … Read more

Ukraine calls on world to ‘show strength’ after shelling near nuclear power plant

Zelenskiy wants new sanctions against Russian nuclear sector Ukraine and Russia blame shelling near factory IAEA has warned of factory disasters unless fighting stops Kiev, Aug. 16 (Reuters) – Ukraine called for new sanctions against Russia, highlighting the risks and consequences of a catastrophe at Europe’s largest nuclear power plant, where new shelling nearby has … Read more