By Steve Holland, Michael Martina and Ryan Woo WASHINGTON/BEIJING (Reuters) – Chinese leader Xi Jinping warned against playing with fire over Taiwan in a call with U.S. President Joe Biden on Thursday, highlighting Beijing’s concerns about a possible v…
Who are the Americans held captive abroad?
By Humeyra Pamuk and Simon Lewis WASHINGTON (Reuters) – The plight of Americans detained by foreign governments has moved into the spotlight with the case of U.S. basketball star Brittney Griner, who is on trial in Moscow on drug charges. Since she was…
U.S. Congress passes long-awaited bill to boost chipmakers, compete with China
By David Shepardson and Patricia Zengerle WASHINGTON (Reuters) -The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, send…
U.S. teetering on brink of recession as GDP contracts in second quarter
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising the risk that the economy was on the cusp …
Analysis: Potential U.S. recession could feed an already vicious bear market
By Lewis Krauskopf NEW YORK (Reuters) – The prospect of a U.S. recession could mean more pain for battered stocks, despite a recent rebound that has taken the benchmark index to its highest level in more than a month. Data on Thursday showed the U.S. e…
Pope: Church feels “burden of failure” over indigenous schools
By Philip Pullella and Kevin Dougherty SAINTE-ANNE-DE-BEAUPRE, Quebec (Reuters) -Pope Francis on Thursday said the Catholic Church felt “the burden of failure” for its role in running government-backed residential schools that tried to wipe out indigen…
U.N. says details for safe Ukraine grain shipments still being worked out
By Michelle Nichols UNITED NATIONS (Reuters) -U.N. aid chief Martin Griffiths said on Thursday he was hopeful that the first shipment of grain from a Ukrainian Black Sea port could take place as early as Friday, but “crucial” details for the safe passa…
U.S. voices concern over Tunisian democracy
TUNIS (Reuters) – The United States raised concerns over Tunisia’s democracy on Thursday after President Kais Saied introduced a new constitution giving himself far more powers, but the broad reaction among Western democracies was muted. The new consti…
Kentucky floods kill 3, death toll may reach double digits, governor says
By Sharon Bernstein and Kanishka Singh (Reuters) -Flooding in eastern Kentucky has caused at least three deaths, Governor Andy Beshear said on Thursday, and the death toll may reach double digits as water continues to rise. A series of storms drenching…
Biden pledge to tax wealthy, companies revived with Manchin-led bill
By Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden’s campaign trail promise to increase taxes on corporations and the wealthy as part of a battle against glaring income inequality in the United States got an unexpected boost on Wednesday. …