Exclusive: Rapper Travis Scott faces possible criminal charges for Texas mob crush

Exclusive: Rapper Travis Scott faces possible criminal charges for Texas mob crush

(1/2)The 76th Cannes Film Festival – Screening of out-of-competition ‘The Idol’ television series – Red Carpet Arrivals – Cannes, France, May 22, 2023. Travis Scott poses. REUTERS/Sarah Meyssonnier/File Photo June 29 (Reuters) – A Texas grand jury meets on Thursday to weigh possible criminal charges against rapper Travis Scott and others for a 2021 crowd … Read more

FTX sues ex-Clinton aide’s investment firm for $700 million

FTX sues ex-Clinton aide’s investment firm for 0 million

NEW YORK, June 22 (Reuters) – (This story from June 22 has been reposted to correct spelling of “Hillary” in paragraph 1) Bankrupt crypto exchange FTX on Thursday sued a former aide to Hillary Clinton and the former aide’s investment firm, seeking to recover $700 million in investments allegedly made with embezzled FTX funds. FTX … Read more

Amazon tricked millions of consumers into signing up for Prime, US FTC says

Amazon tricked millions of consumers into signing up for Prime, US FTC says

WASHINGTON, June 21 (Reuters) – The U.S. Federal Trade Commission on Wednesday accused Amazon.com (AMZN.O) of signing up millions of consumers to its paid subscription service Amazon Prime without their consent and of making difficult to cancel them, the agency said. latest action against the e-commerce giant in recent weeks. The FTC sued Amazon in … Read more

Construction of new homes in the United States increased more than 3 decades in May

Construction of new homes in the United States increased more than 3 decades in May

June 20 (Reuters) – Groundbreaking work for single-family home construction projects in the United States rose in May by the biggest increase in more than three decades and permits for future construction also rose, suggesting that the housing market could take a turn after being hampered by the Federal Reserve’s interest rate hikes. Yet even … Read more

Hyundai raises EV investment to $28 billion to scale back China operations

Hyundai raises EV investment to  billion to scale back China operations

Raises EV sales target by 2030 to 2 million units from 1.87 million Use LFP batteries for the first time from around 2025 Sell ​​two factories in China, rationalize the other two factories SEOUL, June 20 (Reuters) – Hyundai Motor will increase its average annual investment in electrification by almost two-thirds to $28 billion over … Read more

Lab crisis: British science has nowhere to go

Lab crisis: British science has nowhere to go

OXFORD, England, June 20 (Reuters) – For Ros Deegan, the excitement of raising $100 million to develop a biotech company among Oxford’s dream spiers has quickly dampened: unable to find a bigger lab , she regularly had to work from home. Not far away, in the rival university center of Cambridge, biochemist Catherine Elton, constantly … Read more

Alibaba CEO and Chairman Zhang resigns to focus on cloud

Alibaba CEO and Chairman Zhang resigns to focus on cloud

The executive reshuffle comes after the Chinese tech giant’s restructuring Zhang will fully focus on the cloud unit Joseph Tsai succeeds Zhang as chairman of Alibaba Group Alibaba aims to complete list of cloud units within a year SHANGHAI, June 20 (Reuters) – Alibaba Group (9988.HK) said on Tuesday its CEO and chairman Daniel Zhang … Read more

Inside China’s underground high-end Nvidia AI chip market

Inside China’s underground high-end Nvidia AI chip market

HONG KONG/SHENZHEN, China, June 20 (Reuters) – Psst! Where can a Chinese buyer buy Nvidia (NVDA.O) high-end AI chips following US sanctions? Visiting the famous Huaqiangbei electronics district in the city of Shenzhen, southern China, is a good bet – in particular, the skyscraper SEG Plaza whose first 10 floors are full of shops selling … Read more

The Paris Air Show takes off with a record contract for 500 Airbus aircraft

The Paris Air Show takes off with a record contract for 500 Airbus aircraft

(1/2) A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th Paris International Air Show at Le Bourget airport near Paris, France, June 19, 2023. REUTERS / Benoit Tessier IndiGo signs deal for 500 Airbus planes Jet makers face supply challenges to … Read more

Berlin, Intel reach chip factory deal after months of subsidy talks

Berlin, Intel reach chip factory deal after months of subsidy talks

Intel to receive 10 billion euros in subsidies from Germany – source Decision highlights Berlin’s efforts to attract foreign investment Intel shares -0.7% in Frankfurt BERLIN/STOCKHOLM, June 19 (Reuters) – Germany will give U.S. chipmaker Intel 10 billion euros ($10.91 billion) in subsidies for its planned plant in Magdeburg, a source familiar with the matter … Read more