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US bill would bar Google, Apple from hosting apps that accept China’s digital yuan

WASHINGTON, May 26 (Reuters) – Republican Senators want to bar US app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, according to a copy of proposed legislation seen by Reuters, amid fears the payment system could allow Beijing to spy on Americans. The bill to …

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Oklahoma governor signs into law strictest abortion ban in the US

May 25 (Reuters) – Oklahoma Governor Kevin Stitt on Wednesday signed into law the strictest abortion ban in the United States, one that prohibits abortions from fertilization and allows private citizens to sue those who help women terminate their pregnancies. “I promised Oklahomans that as governor I would sign every piece of pro-life legislation that …

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EU court to rule July 13 on Illumina challenge of EU review of Grail-sources

EU court to rule July 13 on Illumina challenge of EU review of Grail-sources BRUSSELS, May 25 (Reuters) – A European court will decide on July 13 whether US life sciences company Illumina’s (ILMN.O) $8 billion cash-and-stock takeover of Grail (GRAL.O) should be scrutinized by EU antitrust regulators, people familiar with the matter said on …

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ESA does not anticipate Russian withdrawal from ISS

Director General of the European Space Agency (ESA) Josef Aschbacher gestures as he talks during an interview with Reuters in Berlin, Germany, June 24, 2021. REUTERS/Christian Mang Register now for FREE unlimited access to Reuters.com register DAVOS, Switzerland, May 25 (Reuters) – The European Space Agency does not expect Russia to terminate the joint operation …

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Wall St plunges as Snap’s bleak forecast sparks selloff

Snap set for worst day on record after profit warning Abercrombie & Fitch slumps after lowering revenue outlook Indexes down: Dow 0.77%, S&P 1.77%, Nasdaq 3.26% May 24 (Reuters) – Wall Street’s main indexes fell on Tuesday, with the tech-heavy Nasdaq leading the slump, as a weak earnings forecast from Snapchat-owner Snap Inc added to …

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Snap says economy deteriorated fast, slashes forecast, stock plummets

May 23 (Reuters) – Snap Inc (SNAP.N)said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off. Since late April, “the macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we will …

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Storms kill at least 8 in Canada, leave half a million without power

TORONTO, May 22 (Reuters) – The death toll from powerful thunderstorms in Canada’s two most populous provinces this weekend rose to at least eight, authorities said on Sunday, as emergency crews continued a massive clean-up to restore power to half a million people . The storms, which lasted more than two hours Saturday afternoon and …

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US Southern Baptists release scathing report on sexual abuse

ATLANTA, May 22 (Reuters) – For decades, complaints of sex abuse by pastors and staff in the largest US Protestant denomination, the Southern Baptist Convention, were either ignored or covered up by top clergy, according to an internal report released on Sunday. The nearly 300-page report details how complaints were kept as “closely guarded secrets” …

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Microsoft seeks to dodge EU cloud computing probe with changes

BRUSSELS, May 18 (Reuters) – Microsoft (MSFT.O) will revise its licensing deals and make it easier for cloud service providers to compete, its president Brad Smith said on Wednesday, as the US software giant sought to dodge a lengthy EU antitrust probe into its cloud computing business. Microsoft was found 1.6 billion euros ($1.7 billion) …

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Hyundai Motor Group to invest more than $10 billion in US up to 2025

SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with US firms in advanced technology. The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobility, autonomous driving and artificial …

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