WASHINGTON (Reuters) -International companies cannot responsibly operate in Xinjiang and should leave the western Chinese region due to forced labor concerns, a U.S. Labor Department official said on Tuesday. The U.S. government says Chinese officials continue to commit genocide and crimes against humanity against Uyghurs and other Muslim minorities in Xinjiang, and rights groups have…
By Tom Polansek CHICAGO (Reuters) -The U.S. government said on Monday it is collecting samples of ground beef at retail stores in states with outbreaks of bird flu in dairy cows for testing, but remains confident the meat supply is safe. Federal officials are seeking to verify the safety of milk and meat after confirming…
By Tatiana Bautzer NEW YORK (Reuters) -Morgan Stanley shareholders should vote against its proposal for executive pay at the bank’s annual meeting on May 23, according to a recommendation by influential proxy adviser Glass Lewis. Former CEO James Gorman, who is now executive chairman, was awarded $37 million by the company’s board, while his successor…
By Elizabeth Howcroft LONDON (Reuters) – Crypto company Tether has invested $200 million in Blackrock Neurotech, taking a majority stake in the U.S. brain implant company, Tether said in a statement on Monday. Blackrock Neurotech makes brain-to-computer interfaces, including neural implants which can allow people to control computers and prosthetic arms without moving, its website…
By Phil Stewart and Daphne Psaledakis WASHINGTON (Reuters) – The U.S. military’s cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters. The figure, which has not been previously reported, illustrates the massive scale of…
BERLIN (Reuters) – The U.S. Department of Justice has closed its probe into the Mercedes-Benz diesel emissions scandal and the car manufacturer is no longer facing charges, the company said on Saturday. Mercedes-Benz cooperated fully with the DOJ, Renata Jungo Bruengger, board member for integrity, governance and sustainability at Mercedes, said in an emailed statement….
By Selena Li and Julie Zhu HONG KONG/SHANGHAI (Reuters) -China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing’s austerity drive. Some of the impacted dealmakers were notified on Friday about…
By Jennifer Rigby LONDON (Reuters) – Success in the fight to wipe out polio is not guaranteed, according to tech billionaire turned philanthropist Bill Gates, whose foundation has poured billions into the effort. Gates warned against complacency in tackling the deadly viral disease as he welcomed a $500 million pledge from Saudi Arabia on Sunday…
By Jarrett Renshaw NEW YORK (Reuters) -U.S. President Joe Biden said on Friday that he would participate in a debate with Donald Trump, his Republican opponent in November’s election. “I am, somewhere. I don’t know when,” the Democratic president said in an interview with broadcaster Howard Stern. “I’m happy to debate him.” The remarks were…
By Stephen Nellis (Reuters) – U.S. export controls on sending advanced computing chips to China are not meant to hold back China’s economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio on Friday. Since 2022, U.S. officials have imposed sweeping controls on which computing chips can be…
