Articles by Reuters
Reuters
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McDonald's global sales fall on muted demand; E. coli outbreak fallout looms
McDonald's posted a steeper-than-expected drop in quarterly global sales, hurt by muted demand across key markets, including Europe and the United States where it is expected to face more weakness as the burger giant reels from a deadly E. coli outbreak. Shares of the company were down 2.4 percent before the bell on Tuesday even as it beat profit estimates. Global sales fell 1.5 percent in the third quarter, the biggest decline in four years, compared with analysts' average estimate of
World News Oct. 29, 2024
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NATO chief says he can confirm North Korean troops are in Russia's Kursk
BRUSSELS (Reuters) -- NATO Secretary General Mark Rutte confirmed on Monday that North Korean troops have been sent to Russia and that North Korean military units have been deployed to the Kursk region. "The deepening military cooperation between Russia and North Korea is a threat to both Indo-Pacific and Euro-Atlantic security," Rutte told reporters after NATO officials and diplomats received a briefing from a South Korean delegation. Ukrainian forces staged a major incursion into Kur
North Korea Oct. 28, 2024
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North Korean troops in Russia, US defense secretary says
ROME -- US Defense Secretary Lloyd Austin said on Wednesday there is evidence that North Korean troops are in Russia, and it remained to be seen what they would be doing there. "There is evidence that there are DPRK troops in Russia," Austin told reporters in Rome, using North Korea's formal name - the Democratic People's Republic of Korea. "What exactly they are doing? Left to be seen. These are things that we need to sort out," Austin added. Ukrainian President Vo
Defense Oct. 23, 2024
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At least 14 dead in worst Bosnian floods in years, officials say
KISELJAK, Bosnia (Reuters) -- At least 14 people died in floods in Bosnia and Herzegovina on Friday and many others were missing as torrential rain and landslides destroyed homes, roads and bridges across the center of the country, officials said. The municipality of Jablanica, about 70 kilometers southwest of the capital Sarajevo, where the deaths were reported, was completely cut off after road and railway links were destroyed. Bosnia's inter-ethnic presidency -- a Bosniak, Serb and Croat
World News Oct. 4, 2024
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Nasrallah's killing reveals depth of Israel's Hezbollah penetration
In the wake of Sayyed Hassan Nasrallah's killing, Hezbollah faces the enormous challenge of plugging the infiltration in its ranks that allowed its arch enemy Israel to destroy weapons sites, booby-trap its communications and assassinate the veteran leader, whose whereabouts had been a closely guarded secret for years. Nasrallah's killing on Friday came barely a week after Israel's deadly detonation of hundreds of booby-trapped pagers and radios. It was the culmination of a rapid
World News Sept. 29, 2024
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Indian police detain 100 Samsung workers, union leaders for protest march
Indian police have detained around 100 striking workers and union leaders protesting low wages at a Samsung Electronics plant in southern India, as they were planning a march on Monday without permission, police officials said. The detention marks an escalation of a strike by workers at a Samsung home appliance plant near Chennai city in the state of Tamil Nadu. Workers want higher wages and have boycotted work for seven days, disrupting production that contributes roughly a third of Samsung
World News Sept. 16, 2024
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What we know about the reported suspect behind apparent Trump assassination attempt
A gunman attempted to assassinate Republican presidential candidate Donald Trump on Sunday at Trump's golf course in Palm Beach, Florida, authorities said. CNN, Fox News and The New York Times identified the suspect as Ryan Wesley Routh, 58, of Hawaii, citing unidentified law enforcement officials. The FBI declined to comment and Reuters could not independently verify his identity. Here is what we know so far about the suspected gunman: The Secret Service said its agents were accompanying T
World News Sept. 16, 2024
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OpenAI's stunning $150 bln valuation hinges on upending corporate structure, sources say
OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors. The details of the conditions of the $6.5 billion funding, which have not been previously reported, show how far OpenAI, the most valuable AI startup in the world, has come from a research-based no
World News Sept. 14, 2024
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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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