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☆ Stellantis invests more than $100 million in California lithium project
▼ + stars: | 2023-08-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

"This is a significant investment and goes a long way toward developing this key project," Controlled Thermal CEO Rod Colwell said in an interview. Colwell said a $65 million facility recently installed by Controlled Thermal can remove that silica and other unwanted metals. Controlled Thermal aims to obtain final permits by October and start construction of a commercial lithium plant soon thereafter, Colwell said. Controlled Thermal had separately agreed to supply lithium to General Motors (GM.N) by 2024, but that goal has been pushed to 2025, Colwell said. GM said it has a "close working relationship" with Controlled Thermal but deferred comment on technical questions to its junior partner.

Persons: Gonzalo Fuentes, Stellantis, Rod Colwell, Berkshire Hathaway, Colwell, There's, Carlos Tavares, Goldman Sachs, Ernest Scheyder, Jamie Freed Organizations: REUTERS, Resources, Chrysler, Berkshire, Koch Industries, General Motors, GM, Vulcan Energy Resources, Thomson Locations: Velizy, Villacoublay, Paris, France

Anxious retail investors are bombarding listed companies with questions about their exposure to Zhongrong, a subsidiary of Zhongzhi, after missed payments by the trust company triggered fears of wider contagion. Zhongzhi's financial trouble is the latest challenge for Chinese authorities as they battle to contain a worsening property sector crisis and revive a faltering recovery in the world's second-largest economy. The Wednesday's meeting was held after Zhongrong International Trust Co, a leading trust company controlled by Zhongzhi, missed payments on dozens of investment products since the end of July, Reuters reported on Wednesday, citing sources. PROPERTY CRISISThe liquidity stress facing Zhongzhi highlights the ripple effect of an unprecedented debt crisis in China's property sector, which accounts for roughly a quarter of the economy that has rapidly lost momentum in recent months. Evergrande said late on Wednesday it would delay the voting date and scheme meetings with creditors for its offshore debt restructuring plan to Aug 23 and Aug 28, respectively, to give creditors more time to consider the terms.

Persons: Lehman, Morgan Stanley, Zhongzhi, Aly, Evergrande, Jason Xue, Clare Jim, Sumeet Chatterjee, Jacqueline Wong, Jamie Freed Organizations: Zhongzhi Enterprise Group, Reuters, Citigroup, Big, Workers, REUTERS, International Trust Co, Zhongrong International Trust, China Evergrande, HK, Energy Vehicle Group, Evergrande, Shanghai, Thomson Locations: SHANGHAI, HONG KONG, Beijing, China's, Zhongzhi, China, Wednesday's, Shanghai, Hong Kong

The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. While it was not immediately clear what valuation Tyson Foods is seeking for the China poultry business, it has annual sales of about $1.1 billion, one of the people said. Springdale, Arkansas-based Tyson Foods and Goldman Sachs declined to comment. Calls to Tyson Foods' China headquarters in Shanghai went unanswered. In the food industry, U.S. agricultural giant Cargill struck a deal in May to sell its China poultry business to private equity firm DCP Capital for an undisclosed price.

Persons: Arnd, Goldman Sachs, Tyson, Cargill, Hope Liuhe, Kane Wu, Abigail Summerville, Roxanne Liu, Tom Polansek, Jamie Freed Organizations: Tyson Foods, REUTERS, HONG KONG, Goldman, Capital, Reckitt, Primavera Capital Group, Industrial, Thomson Locations: Davos, Switzerland, HONG, China, Springdale , Arkansas, Shanghai, Russia, Ukraine, Mongolia, Nantong, Xiaogan, Hong Kong, New York, Beijing, Chicago

Ahead of the contest, Australian Ethan Ewing experienced Teahupo'o's ferocity, fracturing two vertebrae during a warmup and putting the world No. 3 in doubt for the one-day Rip Curl WSL Finals in California next month to decide a world champion. The win gives Robinson the remaining spot at next month's Finals to go with his Olympic qualification secured earlier in the competition. Medina just missed out on both the Finals and the Brazil Olympic team. Simmers or Marks will qualify along with reigning world and Olympic champion Carissa Moore on Team USA depending on their final ranking after the Finals at Lower Trestles in San Clemente.

Persons: Jack Robinson, Caroline Marks, Caitlin Simmers, Marks, Teahupo'o, Ethan Ewing, Robinson, Medina, pip Medina, Carissa Moore, Joao Chianca, Griffin Colapinto, John John Florence, Leonardo Fioravante, Kanoa Igarashi, Jordy Smith, Matthew McGillivray, Moore, Tyler Wright, Molly Picklum, Tatiana Weston, Johanne Defay, Brisa Hennessy, Teresa Bonvalot, Jamie Freed Organizations: Tahiti Pro, Wednesday, Paris Olympics, Olympic, Brazil Olympic, Team USA, Lower, MEN Filipe Toledo, Lincoln, Thomson Locations: California, Western Australia, Lower Trestles, San Clemente, Brazil, USA, Australia, Italy, Japan, South Africa, Webb, France, Costa Rica, Portugal, CALIFORNIA, Toledo, Hawaii, Sydney

☆ Matildas to look back in pride after thrilling host nation
▼ + stars: | 2023-08-17 | by ( Ian Ransom | ) www.reuters.com time to read: +5 min

England's second goal may haunt Ellie Carpenter, whose failure to clear an innocuous long ball opened the door for Lauren Hemp to swoop. Distraught midfielder Katrina Gorry worried the Matildas had let the nation down after building them up on their first run to a World Cup semi-finals. "The joyride is over, but the glow will long remain," sports columnist Greg Baum wrote in Melbourne's The Age newspaper. Since being awarded the right to host the tournament with New Zealand three years ago, Australian soccer officials have promised repeatedly that the World Cup would leave a strong legacy for the game. Long-term, it remains to be seen whether the World Cup has moved the needle for a sport in Australia that has modest professional leagues and struggles to retain talent.

Persons: Sam Kerr, Hannah Mckay, Sam Kerr's, England's, Ellie Carpenter, Lauren Hemp, Lax, Katrina Gorry, Gorry, Greg Baum, Kerr, Vine, Ange Postecoglou, Ian Ransom, Jamie Freed Organizations: Soccer Football, FIFA, England, Rights MELBOURNE, Stadium Australia, Spain, Sweden, Olympic, Canada, Nigeria, Australia, France, Australian Rules, New Zealand, Seven Network, league, Socceroos, Thomson Locations: New Zealand, Australia, Sydney, England, Denmark, Canada, Melbourne

A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. The Sunday primary vote saw outsider candidate Javier Milei, who has pledged to dollarize the economy and eventually scrap the central bank, win the largest share of the vote. Analyst Salvador Vitelli, however, said that despite the new measures a further devaluation was expected, even after the central bank pegged the official exchange rate at 350 pesos per dollar until the election. "The market does not seem to believe that they will be able to maintain the exchange rate until October," he said. Reporting by Walter Bianchi, Jorge Otaola and Lucinda Elliott; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Gustavo Ber, Javier Milei, Salvador Vitelli, Milei, Patricia Bullrich, Sergio Massa, Milei's dollarization, Peter West, Walter Bianchi, Jorge Otaola, Lucinda Elliott, Jamie Freed Organizations: Argentine, REUTERS, Reuters Graphics Reuters, Peronist, Economy, Monetary Fund, Sovereign, Thomson Locations: BUENOS AIRES, MERV

REUTERS/Dado Ruvic Acquire Licensing RightsWASHINGTON, Aug 16 (Reuters) - New York City on Wednesday banned TikTok on government-owned devices, citing security concerns, joining a number of U.S. cities and states that have put such restrictions on the short video sharing app. TikTok "posed a security threat to the city's technical networks," the administration of New York City Mayor Eric Adams said in a statement. New York City agencies are required to remove the app within 30 days and employees will lose access to the app and its website on city-owned devices and networks. Top U.S. security officials including FBI Director Christopher Wray and CIA Director William Burns have said TikTok poses a threat. Close to half of American adults support a ban on TikTok, according to a new Reuters/Ipsos survey released on Wednesday.

Persons: Dado Ruvic, TikTok, Eric Adams, Christopher Wray, William Burns, Wray, Donald Trump, Kanishka Singh, Jamie Freed Organizations: U.S, REUTERS, Rights, New York City, New, New York State, Reuters, Thomson Locations: New York City, New York, U.S, Montana, Washington

Despite these challenges, Walmart International has performed strongly under McKenna's leadership, under which it exited poorly performing operations in Japan, Britain, Argentina and Brazil. McKenna has led Walmart International since 2018, overseeing a multi-year transformation that resulted in the unit delivering more growth and stronger financial results across the board, Walmart CEO Doug McMillon wrote in a memo to employees. Sam's Club, a rival to Costco (COST.O), for years had been an underperforming business with muted sales growth. Sam's Club, a business unit with $84 billion of yearly revenue, has posted 12.7% average annual comparable sales growth since McKay took over the division, according to a Reuters calculation. Walmart also announced that Christopher Nicholas, currently chief operating officer of Walmart U.S., would replace McLay as CEO of Sam's Club.

Persons: Mario Anzuoni, Kathryn McLay, Judith McKenna, McKenna, Doug McMillon, Piper Sandler, McKay, she's, Edward Jones, Brian Yarbrough, Christopher Nicholas, Ananya Mariam Rajesh, Siddharth Cavale, Anil D'Silva, Sandra Maler, Jamie Freed Organizations: Walmart, REUTERS, Walmart Inc, Walmart International, Sam's, Woolworths, Sam's Club, Costco, Walmart U.S, McLay, Jan, Thomson Locations: Rosemead , California, U.S, China, Mexico, South Africa, Japan, Britain, Argentina, Brazil, India, Walmart's U.S, Walmart Mexico, Bengaluru, New York

Tower Semiconductor is seen on smartphone in front of displayed Intel logo in this illustration taken, February 15, 2022. Last year, DuPont De Nemours Inc (DD.N) scrapped its $5.2 billion deal to buy electronics materials maker Rogers Corp (ROG.N) after delays in securing approval from Chinese regulators. But Gelsinger also said Intel was investing in its foundry business, which makes chips for other companies, irrespective of the Tower deal. Investors had given up hope on the Tower deal as a result. It has committed to trimming $3 billion in costs this year, with an aim of saving between $8 billion and $10 billion by the end of 2025.

Persons: Dado Ruvic, Pat Gelsinger, Gelsinger, Benjamin Netanyahu, Anirban Sen, Max Cherney, Jamie Freed Organizations: Semiconductor, REUTERS, Intel Corp, chipmaker, Intel, State Administration, Market, DuPont De Nemours Inc, Rogers Corp, Investors, Nasdaq, Taiwan Semiconductor Manufacturing, Thomson Locations: China, United States, Taiwan, Israel, New York, San Francisco

☆ China Evergrande NEV shares jump on $3.2 bln plan to lower debt
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. REUTERS/Yilei SunBEIJING/HONG KONG, Aug 15 (Reuters) - China Evergrande New Energy Vehicle Group (NEV) (0708.HK) shares jumped nearly 50% on Tuesday after the electric vehicle unit of cash-strapped property firm China Evergrande Group (3333.HK) announced a $3.2 billion plan to repay debt and stay afloat. The overall package also includes a debt-for-equity swap of HK$20.89 billion ($2.67 billion) involving China Evergrande, its founder Hui Ka Yan, and his unit Xin Xin (BVI) Ltd, among others converting loans to shares, NEV said. After the deal is completed, China Evergrande's stake in the unit will be diluted to 46.86%. Shares in NEV jumped as much as 47% before paring down its gain to 16%.

Persons: Hui Ka Yan, Xin Xin, NEV, Roxanne Liu, Clare Jim, Miyoung Kim, Jamie Freed Organizations: Energy Vehicle Group, REUTERS, Sun, HK, China Evergrande, Thomson Locations: China, Tianjin, Sun BEIJING, HONG KONG, Dubai, NEV, Hong Kong, Beijing

☆ Asia stocks stall at one-month lows as slowing China cuts rates
▼ + stars: | 2023-08-15 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

Industrial output and retail sales growth both slowed from a month earlier to a year-on-year pace of 3.7% and 2.5% respectively, missing expectations. J.P. Morgan analysts warned of a "vicious cycle" of real estate financing challenges and said trust defaults could wipe 0.3% to 0.4% from China's growth directly. The S&P 500 (.SPX) rose 0.6% overnight and futures rose 0.1% in Asia. European futures rose 0.4%. In bond markets, benchmark 10-year Treasury yields rose 2 basis points to 4.20% on Tuesday.

Persons: Androniki, HSI, Morgan, John Vail, Morgan Stanley, Tom Westbrook, Jamie Freed Organizations: Nikkei, REUTERS, China, SYDNEY, Reuters, Property, Nomura, HK, International Trust Co, Nikko Asset Management, U.S, Nvidia, Brent, Thomson Locations: Tokyo, Japan, China, Asia, Pacific, China’s, JAPAN, Australia

☆ China central bank unexpectedly cuts rates to support sputtering economy
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +3 min

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File PhotoSHANGHAI/SINGAPORE, Aug 15 (Reuters) - China's central bank unexpectedly cut key policy rates for the second time in three months on Tuesday, in a fresh sign that the authorities are ramping up monetary easing efforts to boost a sputtering economic recovery. Analysts said the move opened the door to a potential cut in China's lending benchmark loan prime rate (LPR) next week. In a Reuters poll of 26 market watchers conducted this week, 20 participants, or 77%, predicted that the central bank would leave the MLF rate unchanged. The PBOC lowered key policy rates in June to prop up the broad economy, but data has been increasingly weak since.

Persons: Tingshu Wang, Tommy Wu, Ken Cheung, Winni Zhou, Rae Wee, Kim Coghill, Jamie Freed Organizations: People's Bank of China, REUTERS, Mizuho Bank, Thomson Locations: Beijing, China, SHANGHAI, SINGAPORE, United States

☆ England relishing partisan atmosphere at World Cup semi-final
▼ + stars: | 2023-08-13 | by ( Christian Radnedge | ) www.reuters.com time to read: +2 min

Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Quarter Final - England v Colombia - Stadium Australia, Sydney, Australia - August 12, 2023 England players celebrate after progressing to the semi finals of the World Cup REUTERS/Jaimi Joy/ File PhotoSYDNEY, Aug 13 (Reuters) - England players hold no fear about facing Women's World Cup co-hosts Australia in their semi-final on Wednesday, saying they welcome the vociferous atmosphere that will greet them at Stadium Australia. England striker Beth England, who came on as a substitute, said it proved that the team could thrive in an intimidating atmosphere. but I think you just relish it because (this is) the atmosphere you want from stadiums," England, 29, said. Australia have broken domestic records for women's soccer match attendances throughout the tournament, helping the team reach the semi-finals for the first time. "I couldn't even hear the person next to me," she added of the noise made by the fans.

Persons: Jaimi, Lauren Hemp, Alessia Russo, Beth England, We've, Christian Radnedge, Jamie Freed Organizations: Soccer Football, FIFA, England, World, Australia, South, France, ITV, Thomson Locations: New Zealand, Colombia, Australia, Sydney, England

☆ Gustavsson hails game-changing Matildas as Australia celebrates win
▼ + stars: | 2023-08-13 | by ( ) www.reuters.com time to read: +3 min

Record-breaking television and streaming figures plus blanket coverage on the front and back pages of the nation's newspapers greeted the win, and Gustavsson believes his players can be the catalyst for change throughout Australian society. "I genuinely really believe that this team can create history in so many ways, not just winning football games," Gustavsson said. "The why is so much bigger than just football and when that drives you...that is a powerful tool that can be very difficult to stop. Neither nation has ever advanced to a Women's World Cup final and the 49-year-old Swede, who was appointed Australia coach almost three years ago, is relishing another winner-takes-all clash. I know that they're going to celebrate this one, but from tomorrow they're going to be focused again, they're extremely professional and they're on the mission.

Persons: Asanka Brendon Ratnayake BRISBANE, Tony Gustavsson, Herve Renard's, Gustavsson, Swede, they're, Michael Church, Jamie Freed Organizations: Soccer Football, FIFA, Brisbane, REUTERS, France, AFL, England, Thomson Locations: New Zealand, Australia, France, Brisbane, Wednesday's

☆ China condemns visit of 'troublemaker' Taiwan VP to US
▼ + stars: | 2023-08-13 | by ( Ryan Woo | ) www.reuters.com time to read: +4 min

China, which claims democratically governed Taiwan as its own territory, has repeatedly denounced Lai's trip, which includes another stopover in San Francisco on Wednesday on his way back to Taipei. In a statement issued shortly after Lai landed in New York on a scheduled flight from Taipei, China's foreign ministry said it opposed any form of visit by "Taiwan independence separatists" to the United States. "Lai stubbornly adheres to the separatist position of Taiwan independence and is a troublemaker through and through," the ministry said. China has stepped up its military activities around Taiwan over the past three years, seeking to force the island into accepting Beijing's sovereignty. In April, China staged war games around Taiwan in an angry response to Taiwan President Tsai Ing-wen meeting U.S. House Speaker Kevin McCarthy in California on a stopover on the way back to Taipei following her visit to Central America.

Persons: William Lai, Carlos Garcia Rawlins, Lai, Lai's, Washington's, Laura Rosenberger, Wang Yi, Joe Biden, Xi Jinping, Tsai Ing, Kevin McCarthy, Ryan Woo, Yimou Lee, Ben Blanchard, William Mallard, Jamie Freed Organizations: Taoyuan International Airport, REUTERS, Carlos Garcia Rawlins BEIJING, Taiwan, U.S, American Institute, Eastern Theatre Command, Liberation Army, Chinese Foreign, Central America, Thomson Locations: Taoyuan, United States, New York, Paraguay, Taiwan, U.S, Beijing, China, San Francisco, Taipei, Taiwan Strait, Washington, California, Central

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday, as the country grapples with unusually high summer rainfall. TYPHOON WEAKENSMeanwhile, Typhoon Khanun weakened into a tropical depression when it made landfall in China's Liaoning province on Friday night. Overnight rainfall in Liaoning peaked at 52 millimetres (2 inches) per hour, with four reservoirs exceeding flood limits, CCTV said. A video posted by state media People's Daily showed thick swirling clouds hanging low above the ground, darkening the sky. Reporting by Andrew Hayley and Ethan Wang; Editing by Raju Gopalakrishnan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Khanun, Khanun, Doksuri, Andrew Hayley, Ethan Wang, Raju Gopalakrishnan, Jamie Freed Organizations: China Central Television, Xinhua, Liaoning province's Anshan, Flood, Drought, Ministry of Emergency Management, CCTV, Thomson Locations: BEIJING, China's, Shaanxi, Xian, China's Liaoning, Liaoning, Tianjin, Chongqing, China, Xinjiang

☆ China's Inner Mongolia reports two cases of bubonic plague
▼ + stars: | 2023-08-13 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Aug 13 (Reuters) - China's northern region of Inner Mongolia reported two cases of bubonic plague on Saturday, following a previous infection that was detected on Aug. 7, the local government said. The two people infected are the husband and daughter of the previous case, the government said in a statement on its website. Cases of bubonic plague infection, a highly infectious disease that is spread mostly by rodents, are low in China, with most found in Inner Mongolia and northwestern Ningxia region in recent years. Bubonic plague is the most common form of plague, which can be fatal if not treated in time, according to the World Health Organization. Reporting by Ethan Wang and Ryan Woo; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Ethan Wang, Ryan Woo, Jamie Freed Organizations: World Health Organization, Thomson Locations: BEIJING, Inner Mongolia, China, Ningxia

☆ Country Garden restructuring fears deepen China property concerns
▼ + stars: | 2023-08-11 | by ( Clare Jim | ) www.reuters.com time to read: +6 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. The regulator also asked the property developers about their financing needs and sought suggestions, according to Cailianshe. China International Capital Corporation (CICC) has been hired as a financial adviser to Country Garden, the Yicai and Caixin reports said. Country Garden shares ended down 5.8% on Friday, having fallen as much as 14.4% during the day to a record low of HK$0.89. "It is likely to further weaken market sentiment and delay the recovery of China's property sector," it said.

Persons: Aly, Yicai, Cailianshe, CICC, John Lam, Clare Jim, Selena Li, Himani Sarkar, Jamie Freed, Raju Gopalakrishnan, Jane Merriman Organizations: Shanghai Country Garden, REUTERS, HK, China Evergrande, Sunac China Holdings, China's, Communist Party, China International Capital Corporation, Garden, UBS, China Aoyuan, Fantasia Holdings, Thomson Locations: Shanghai, China, HONG KONG, Beijing, Hong Kong

☆ Country Garden shares hit record low on loss forecast, restructuring fears
▼ + stars: | 2023-08-11 | by ( Clare Jim | ) www.reuters.com time to read: +3 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Country Garden declined to comment. Country Garden told Reuters this week that it had not been able to make $22 million of dollar coupon payments on time, though both have 30-day grace periods. The shares shed as much as 14.4% on Friday morning to a record low of HK$0.89 ($0.1139), having lost 38% of their value so far this week. Country Garden forecast the large first-half loss in filings on Thursday, and said that it would take measures to meet its debt obligations and fix operational issues to get the company back on track.

Persons: Aly, Yicai, CICC, Garden's, Clare Jim, Himani Sarkar, Jamie Freed Organizations: Shanghai Country Garden, REUTERS, HK, China International Capital Corporation, Garden, Reuters, China Evergrande, Sunac China Holdings, Communist Party, Industry, Thomson Locations: Shanghai, China, HONG KONG, Hong Kong

☆ San Francisco moves to center of robotaxi universe after California agency vote
▼ + stars: | 2023-08-11 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +6 min

Cruise and Waymo have been running experimental services limited by times and geographic areas within San Francisco. The approval “marks the true beginning of our commercial operations in San Francisco,” said Tekedra Mawakana, Waymo co-CEO, in a prepared statement. San Francisco is important as both a symbolic hub of tech and, with hundreds of AVs already in operation, the largest test lab for the experimental cars. The vehicles, with empty driver seats and self-turning steering wheels, have become a common sight around San Francisco. Commissioner Genevieve Shiroma advocated for a delayed vote noting the volume of public comment and her lingering concerns following evidence that the vehicles have obstructed emergency vehicles in San Francisco.

Persons: Heather Somerville, Waymo, Motors ’, John Reynolds, AVs, Cruise, ”, Tekedra Mawakana, Prashanthi Raman, Uber, Genevieve Shiroma, Greg Bensinger, Jamie Freed, Diane Craft Organizations: General Motors Corp, REUTERS, FRANCISCO, Motors, California Public Utilities Commission, Transportation, Cruise, Locals, San Francisco Municipal Transportation Agency, Technologists, Thomson Locations: San Francisco, California, U.S, San Francisco's, Francisco

☆ Microsoft's role in data breach part of US cyber inquiry -Bloomberg News
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File PhotoCompanies Microsoft Corp FollowAug 10 (Reuters) - A U.S. cybersecurity advisory panel will investigate risks in cloud computing that will also include Microsoft Corp's (MSFT.O) role in the recent breach of government department email systems by suspected Chinese hackers, Bloomberg News reported on Thursday. That access was used to spy on the communications of U.S. Commerce Secretary Gina Raimondo and senior State Department diplomats. The U.S. House of Representatives Oversight Committee last week said it was opening an investigation into China's suspected involvement in recent breaches of Commerce and State department email systems. Reporting by Gokul Pisharody in Bengaluru; Editing by Himani Sarkar and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Lucy Nicholson, Ron Wyden, Gina Raimondo, CISA, Gokul, Himani Sarkar, Jamie Freed Organizations: Microsoft, Los Angeles , California U.S, REUTERS, Bloomberg, Federal Trade Commission, Infrastructure Security Agency, Justice Department, U.S . Commerce, State Department, U.S . House, Commerce, Thomson Locations: Los Angeles , California, U.S, Oregon, Bengaluru

☆ China uncovers alleged Chinese spy for CIA - state broadcaster
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

The Chinese national surnamed Zeng, who had worked for a military industrial group, was recruited by a CIA agent based in Italy, China Central Television (CCTV) said in a report. Zeng was sent to Italy by the military industrial group for further studies and became acquainted with the CIA agent. After succeeding in "shaking" Zeng's political stance, the CIA agent sought sensitive information about the Chinese military from Zeng, according to the CCTV report. Zeng was found to have signed an espionage agreement with the U.S. and had received training before returning to China, CCTV reported. After returning to China, Zeng had provided on numerous occasions "core" intelligence, and had pocketed funds for the efforts, it said.

Persons: Zeng, Seth, Liz Lee, Ryan Woo, Jamie Freed, Michael Perry, Raju Gopalakrishnan Organizations: U.S . Central Intelligence Agency, CIA, China Central Television, U.S, Shanghai, Thomson Locations: BEIJING, China, Italy, U.S, Beijing, Washington, United States

☆ Rakuten to combine credit card and mobile payments business -NHK
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: 1 min

The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam NusseyTOKYO, Aug 10 (Reuters) - Japan's Rakuten Group (4755.T) will combine its credit card and mobile payment businesses and is considering listing its card business, public broadcaster NHK reported on Thursday. This would be the e-commerce group's latest attempt to shore up its finances after racking up enormous losses since 2020 on its beleaguered attempt to establish Japan's fourth major mobile network carrier. Reporting by Anton Bridge; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Nussey TOKYO, Anton Bridge, Jamie Freed Organizations: REUTERS, NHK, Thomson Locations: Rakuten, Tokyo, Japan

☆ Russia launches moon lander in race to find water on moon
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: 1 min

[1/2] A Soyuz-2.1b rocket booster with a Fregat upper stage and the lunar landing spacecraft Luna-25 blasts off from a launchpad at the Vostochny Cosmodrome in the far eastern Amur region, Russia, in this still image from video taken August 11, 2023. Roscosmos/Handout via REUTERSWASHINGTON, Aug 10 (Reuters) - Russia launched its first moon-landing spacecraft in 47 years on Thursday, in a bid to be the first power to make a soft landing on the lunar south pole, a region believed to hold coveted deposits of water ice. The launch was livestreamed by Russia's space agency. Reporting by Joey Roulette; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Joey Roulette, Jamie Freed Organizations: 2.1b, Vostochny, REUTERS, Thomson Locations: Amur, Russia, Handout, REUTERS WASHINGTON

☆ Japan's struggling Rakuten to combine credit card and mobile payments business
▼ + stars: | 2023-08-10 | by ( Anton Bridge | ) www.reuters.com time to read: +2 min

REUTERS/Sam NusseyTOKYO, Aug 10 (Reuters) - Japan's Rakuten Group (4755.T) will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set the struggling e-commerce company up to eventually list the card business. It has turned to listing some of its units - including its popular internet banking business, Rakuten Bank (5838.T) - to generate cash. The company said on Thursday it plans to consolidate its payments and points businesses and fold them into Rakuten Card, its credit card and loans unit. Rakuten Card will become the "driving force" behind its integrated payments business and may form strategic partnerships with other companies as well as "raising its own capital as necessary", Rakuten said in a statement. Users accumulate points by using Rakuten credit cards, shopping and insurance services.

Persons: Sam Nussey TOKYO, Rakuten, Tareq Amin, Anton Bridge, Jamie Freed, David Dolan, Gerry Doyle Organizations: REUTERS, Rakuten Bank, Rakuten, Public, NHK, Refinitiv, Thomson Locations: Rakuten, Tokyo, Japan

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