SenseTime launches Hong Kong IPO to raise up to $767 mln -term sheet
Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters.
Analysis: United States, China tussle over Honduras as it weighs Taiwan ties
A pledge by a leading Honduran presidential candidate to embrace China and de-emphasize Taiwan ties if she wins Sunday’s election has prompted diplomatic jostling between Beijing and Washington as each seeks to exert influence on the Central American nation.
Analysis: Pandemic debt adds to challenge of funding world’s climate goals
Huge spending by governments kept the world economy afloat during the pandemic as officials mobilized a fiscal response not seen since World War Two to bolster household incomes and give businesses a fighting chance to survive the health crisis.
U.S. consumer spending takes breather; inflation pushes higher
U.S. consumer spending paused in May as shortages weighed on motor vehicle purchases, but the supply constraints and increased demand for services helped to boost inflation, with the Federal Reserve’s main inflation measure posting its biggest annual increase since 1992.
MLB roundup: Kyle Schwarber HRs twice to power Nats over Marlins
Kyle Schwarber clubbed two homers and drove in four runs, leading the blazing-hot Washington Nationals to a 7-3 win over the host Miami Marlins on Thursday night.
Analysis: Out of power in Washington, Republicans pursue hard-right agenda
Shut out of power in Washington, Republicans are using their dominance in state houses across the country to oppose Democratic President Joe Biden’s agenda and appease the diehard supporters of his Republican predecessor, Donald Trump. In Texas, Republican lawmakers are pushing for legislation that would allow citizens to carry a handgun without a permit or […]
Return the favour: South Korea looks to U.S. for COVID-19 vaccine aid
South Korea hopes the United States will help it tackle a shortage of coronavirus vaccine in return for test kits and masks Seoul sent to Washington earlier in the pandemic, the foreign minister said on Wednesday. The government has drawn fire from the media for not doing enough to secure enough vaccines early, with just […]
