Yahoo Finance BRIEF-Ying Li International Real Estate Says REN Chao Appointed As Acting CEO
April 3 (Reuters) - Ying Li International Real Estate Ltd:
* REN CHAO APPOINTED AS ACTING CEO Further company coverage:
April 3 (Reuters) - Ying Li International Real Estate Ltd:
* REN CHAO APPOINTED AS ACTING CEO Further company coverage:
When Wu Cunsong and Chen Binghui founded their artificial intelligence startup two years ago in Hangzhou, China, they quickly ran into obstacles, including dearth of venture capital.
STORY: Boeing is set to face criminal charges over fraud following the two fatal crashes of its 737 MAX jets some years ago.Reuters sources said Sunday that the U.S. Department of Justice had decided on the course of action. There was no comment on the report from officials or the company. The deadly crashes took place in 2018 and 2019, killing 346 people. They were later traced to a design flaw in the jets, which has since been fixed. Boeing later agreed a deferred prosecution deal, which shielded it from criminal charges. That was in return for compensating victims’ families, and taking steps to improve compliance. But in January this year, a midair blowout on another MAX jet revived concern over how well the planes are made. Prosecutors subsequently concluded that Boeing had not honored the terms of the deferred prosecution deal - something the company disputes. Now Boeing will reportedly have until the end of the week to plead guilty or face a trial. It is expected to see a new financial penalty, and will have to submit to independent monitoring. Pleading guilty may not be an attractive move for the firm, which is also a big maker of military aircraft and other defense gear. Companies with felony convictions can face restrictions on government contracts, though it’s possible a plea deal could include terms that avoid such an outcome.
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The firm faces a potential fine of up to 10% of its global revenue if it fails to comply with the rules.
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LONDON (Reuters) -Shares in Anglo American slid as much as 4% on Monday, with investors worried over what impact an ongoing underground blaze at a coal mine in Australia could have on the miner's plan to sell its coal portfolio, part of a broader bid to add value. Anglo has been battling a fire ignited at its Grosvenor steelmaking coal mine in Australia's Queensland state on Saturday. "The underground combustion event is ongoing; however, the QMRS (Queensland Mines Rescue Service) mobile extinguisher unit is now fully operational, and smoke has visibly reduced," it said in a statement on Monday.
Bitcoin mining stocks outperformed the underlying cryptocurrency in June, driven by excitement around AI data centers, the value of power access, and a decline in network hashrate. According to a note from JPMorgan, dated Monday, these factors contributed to a 19% sequential increase in the aggregate market cap of 14 U.S.-listed bitcoin miners, which reached $22 billion. Despite an overall decline, the average Bitcoin price in June hovered around $66,000, up merely 1% from May. However, it exited the month lower at a $61,200 seven-day rolling average, an 11% decrease from the previous month's figure.
BRUSSELS (Reuters) -Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the first enforcer to act against the computer chip maker. The French so-called statement of objections or charge sheet would follow dawn raids in the graphics cards sector in September last year, which sources said targeted Nvidia. The French authority, which publishes some but not all its statements of objections to companies, and Nvidia declined comment.
Kanye West is being sued by a group of former employees, who accuse him and former chief of staff Milo Yiannopoulos of “fostering a racist environment” and forcing employees to work “insanely long hours.” According to TMZ, the filing was by developers hired to work on West’s YZYVSN streaming service app, which he wanted to use to …
It now looks like a dead-cert that next month Rachel Reeves will become our new chancellor.
Activity in India's manufacturing sector rebounded last month as output increased on robust demand, leading to the fastest rate of hiring in over 19 years, despite inflationary pressures remaining elevated, a survey showed. The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 58.3 in June, marginally below a preliminary 58.5 estimate, from a three-month low of 57.5 in May. "The Indian manufacturing sector ended the June quarter on stronger footing," said Maitreyi Das, global economist at HSBC.
Rising tensions in the Middle East are adding a premium to oil prices as traders weigh the potential of an interruption to Iran's oil supply.
Olive Garden, Applebee's, and Texas Roadhouse ranked among the top chain restaurants in the US.
Regulators are set to charge Facebook's parent with breaking digital rules by requiring users to pay a subscription or consent to ads, the Financial Times reported, citing sources.
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London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state. The oil and gas facilities will be developed at the Sipitang Oil and Gas Industrial Park in Sabah, and will include the construction of a jetty, onshore hydrocarbon storage terminals and a floating power plant, according to a statement from Gibson Shipbrokers. In 2022, the Sabah state government and state energy firm Petronas launched a gas masterplan to further develop the domestic gas industry.
There are plenty of ways to analyze your retirement strategy. Sometimes, when we have lots of concrete information, we can start by running the numbers. If X, then Y, and the next steps are to decide what risks and outcomes you're comfortable with. But sometimes, the place to start is with questions. As you build […] The post I’m 60 and Make $150k. Should I Convert $50k per Year From My IRA to a Roth to Avoid RMDs? appeared first on SmartReads by SmartAsset.
The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 52.0 in June, from 51.6 in May, on a seasonally adjusted basis. "Another strong month of data provides further evidence that global industrial activity and trade are picking up," said Joe Hayes, principal economist at S&P Global Market Intelligence. "Viewed as a bellwether for exports due to its integration in supply chains for key intermediate goods like batteries and semiconductors, South Korean manufacturing output and orders often provide leading signals for trends more broadly."