Exclusive: U.S. firms may get nod to restart Huawei sales in 2-4 weeks - official

The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump's recent effort to ease restrictions on the Chinese company could move forward quickly.


Posted 2019/07/14 23:04:36

Gilead deepens Galapagos ties with $5.1 billion deal

Gilead Sciences Inc will invest $5.1 billion to raise its stake in Galapagos NV and partner with the Belgian-Dutch biotech firm to develop and commercialize its treatments for a ten-year period, the companies said on Sunday.


Posted 2019/07/14 22:40:00

Rain, flooding follow Storm Barry as it spins north from New Orleans

Storm Barry trudged through northwestern Louisiana on Sunday, weakening to a tropical depression but dropping up to 15 inches (38 cm) of rain in some places to create life-threatening flood conditions along the Mississippi River.


Posted 2019/07/14 22:26:01

U.S. proposes barring big tech companies from offering financial services, digital currencies

A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters.


Posted 2019/07/14 22:03:04

Djokovic beats Federer in Wimbledon epic to win fifth title

Novak Djokovic again proved the toughest of nuts for Roger Federer to crack as he repelled everything the Swiss threw at him to claim a fifth Wimbledon title in the first All England Club final to be decided by a tiebreaker on Sunday.


Posted 2019/07/14 21:47:58

Immigrants in hiding, but no sign of threatened mass U.S. raids

Immigrant families and their defenders were on standby Sunday for mass deportation arrests across the United States threatened by President Donald Trump, but by early afternoon there were no signs of a nationwide operation.


Posted 2019/07/14 20:53:41

Louisiana refinery preps for restart as Storm Barry blows over

Phillips 66 was preparing on Sunday to begin a restart on Monday of its southeast Louisiana refinery, which was shut because of the threat of Tropical Storm Barry, the company said.


Posted 2019/07/14 19:44:44

Storm Barry cuts 73% of U.S. offshore oil production: U.S. government

Tropical Storm Barry has cut 73%, or 1.38 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.


Posted 2019/07/14 18:21:27

Hong Kong extradition protesters escalate fight in suburbs

Tens of thousands rallied in a large Hong Kong suburb on Sunday, driven by abiding anger at the government's handling of an extradition bill that has revived fears of China tightening its grip over the former British colony and eroding its freedoms.


Posted 2019/07/14 17:59:18

Blackout disrupts Manhattan, darkens Broadway theaters

A wide swath of New York's Manhattan borough was plunged into darkness Saturday after a transformer explosion knocked out power to subways, stores and Broadway theaters, but the city's main utility said it had restored most power within hours.


Posted 2019/07/14 15:58:40

Top Puerto Rico officials resign in group chat scandal that ensnares governor

(This story has been corrected to fix a typo in final paragraph.)


Posted 2019/07/14 15:03:06

Struggling in White House bid, Democrat Gillibrand seeks bump in Trump country

U.S. Senator Kirsten Gillibrand rolled through Pennsylvania, Ohio and Michigan last week on a bus emblazoned with "He broke it, we'll fix it," as part of a campaign tour highlighting what she called President Donald Trump's "broken promises" to the region.


Posted 2019/07/14 14:47:28

Exclusive: Barneys New York explores options that include bankruptcy - sources

U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.


Posted 2019/07/13 22:54:28

2020 Democratic hopefuls: party needs to embrace progressive ideals, not Trump voters

Democratic presidential hopeful Elizabeth Warren told a room full of liberal activists on Saturday that the party needs to fully embrace polices such as higher taxes on the wealthy, wiping out student loan debt and criminal justice reform if they want to win the White House.


Posted 2019/07/13 22:53:00

Barry drenches Louisiana after weakening to tropical storm

Hurricane Barry weakened to a tropical storm as it made landfall in Louisiana on Saturday, after a westward shift that appeared to spare low-lying New Orleans from the massive flooding feared earlier this week.


Posted 2019/07/13 21:21:19

UK to facilitate release of Iranian tanker if it gets Syria guarantees: Hunt

British foreign minister Jeremy Hunt told his Iranian counterpart on Saturday that Britain would facilitate the release of the detained Grace 1 oil tanker if Tehran gave guarantees it would not go to Syria.


Posted 2019/07/13 20:20:15

Kuwait moves to protect its ports amid Gulf tensions

Kuwait's navy and ports authority will prepare security plans to protect the key OPEC exporter's ports, state news agency KUNA said on Saturday, amid heightened tensions between Iran and the West.


Posted 2019/07/13 20:20:15

BNP Paribas backs away from U.S. private prison industry

France's BNP Paribas SA on Friday said it will no longer finance U.S. private prison operators, the first foreign bank to distance itself from a sector shunned by domestic peers amid controversy over Trump administration detention policies.


Posted 2019/07/13 20:15:18

Iran will continue its oil exports under any conditions: Iran foreign minister

Iran will continue its oil exports under any conditions, Iran's Foreign Minister Mohammad Javad Zarif told his British counterpart Jeremy Hunt in a telephone call on Saturday, according to a statement on the Iranian foreign ministry website.


Posted 2019/07/13 19:35:52

Most Louisiana refineries running as storm cuts 70% of offshore oil

Tropical Storm Barry slowly moved on to the Louisiana coast and quickly weakened from hurricane strength on Saturday afternoon, leaving in its wake 70 percent of U.S. Gulf of Mexico oil production shut in, the U.S. government said.


Posted 2019/07/13 19:24:22