U.S. accuses five firms in China of supporting Russia’s military

Smoke rises over the remains of a building destroyed by a military strike, as Russia’s attack on Ukraine continues, in Lysychansk, Luhansk region, Ukraine June 17, 2022. REUTERS/Oleksandr Ratushniak/File Photo Register now for FREE unlimited access to Reuters.com register WASHINGTON, June 28 (Reuters) – US President Joe Biden’s administration added five companies in China to … Read more

U.S. Supreme Court allows Louisiana electoral map faulted for racial bias

WASHINGTON, June 28 (Reuters) – The Supreme Court on Tuesday reinstated a Republican-drawn map of Louisiana’s six US House of Representatives districts that had been blocked by a judge who found that it likely to discriminate against Black voters, a setback for Democrats as they try to retain control of Congress in November’s elections. The … Read more

Omicron sub-variants BA.4, BA.5 make up more than 50% of U.S. COVID cases – CDC

June 28 (Reuters) – The fast-spreading BA.4 and BA.5 sub-variants of Omicron are estimated to make up a combined 52% of the coronavirus cases in the United States as of June 25, the US Centers for Disease Control and Prevention (CDC) said on Tuesday. The two sublineages accounted for more than a third of US … Read more

Buffett’s Berkshire buys more Occidental shares, raises stake to about 16.4%

June 28 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp (OXY.N), giving the conglomerate a nearly 16.4% stake in the Houston, Texas-based oil company. The purchases were made in multiple transactions and cost about $44 million, Berkshire said in a regulatory filing. … Read more

Abortions can resume in Texas after judge blocks pre-Roe v. Wade ban

June 28 (Reuters) – Abortions can resume in Texas after a judge on Tuesday officials blocked from enforcing a nearly century-old ban the state’s Republican attorney general said was back in effect after the US Supreme Court overturned the constitutional right to the procedure nationwide. The temporary restraining order by Judge Christine Weems in Harris … Read more

Tokyo June heatwave worst since 1875 as power supply creaks under strain

TOKYO, June 28 (Reuters) – Japan baked under scorching temperatures for a fourth successive day on Tuesday, as the capital’s heat broke nearly 150-year-old records for June and mandated power supply remained tight enough to raise the spectrum of cuts. The heatwave comes less than two weeks before a national election in which prices, including … Read more

U.S. FDA will decide on redesigned COVID vaccines by early July

June 28 (Reuters) – US regulators plan to decide by early July on whether to change the design of COVID-19 vaccines this fall in order to combat more recent variants of the coronavirus, with hopes of launching a booster campaign by October, a top Food and Drug Administration official said on Tuesday. “The better the … Read more

EY to pay $100 mln to settle U.S. charges of staff cheating on accountant exams

WASHINGTON, June 28 (Reuters) – Big Four accounting firm Ernst & Young will pay $100 million to settle US Securities and Exchange Commission (SEC) charges that its auditors cheated on certified public accounting (CPA) exams and that it misled the agency’s investigators. The London-based auditor admitted to the charges and agreed to pay what the … Read more

Analysis: Argentina’s economic crisis whack-a-mole goes into overdrive

The facade of Argentina’s Central Bank is pictured in the financial district of Buenos Aires, Argentina December 7, 2021. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com register BUENOS AIRES, June 28 (Reuters) – Argentina’s economic alarm bells are ringing loudly with fears of a global recession and spiraling inflation stoking investor fears … Read more

China slashes COVID quarantine time for international travellers

BEIJING/SHANGHAI, June 28 (Reuters) – China slashed the quarantine time for inbound travelers by half on Tuesday, in a major easing of COVID-19 curbs that have deterred cross-border travel and resulted in international flights running at just 2% of pre-pandemic levels. Quarantine at centralized facilities has been cut to seven days from 14, and subsequent … Read more