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Updated: 9 hours 8 min ago

Trump backs down, orders end to family separations at U.S. border

Wed, 06/20/2018 - 4:09pm
WASHINGTON (Reuters) - President Donald Trump backed down and abandoned on Wednesday his policy of separating immigrant children from their families on the U.S.-Mexico border, after images of youngsters in cages sparked outrage at home and abroad.

U.S. lawmakers want Google to reconsider links to China's Huawei

Wed, 06/20/2018 - 3:57pm
WASHINGTON (Reuters) - Some Republican and Democratic U.S. lawmakers asked Alphabet Inc's Google on Wednesday to reconsider its work with Chinese telecommunications firm Huawei Technologies Co Ltd [HWT.UL], which they described as a security threat.

Disney hikes bid for Fox assets to $71.3 billion, tops Comcast

Wed, 06/20/2018 - 3:41pm
(Reuters) - Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer.

Instagram expands into long videos, will compete with YouTube

Wed, 06/20/2018 - 3:27pm
SAN FRANCISCO (Reuters) - Facebook Inc-owned social network Instagram launched a mobile app on Wednesday dedicated to user-generated videos up to an hour long, intensifying the competition for consumers' time among ad-supported streaming services such as YouTube.

What trade war? FAANGs scale new highs

Wed, 06/20/2018 - 1:53pm
(Reuters) - Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard.

Catholic cardinal in Washington accused of sex abuse

Wed, 06/20/2018 - 12:18pm
WASHINGTON (Reuters) - The Vatican has asked retired Washington, D.C., Archbishop Cardinal Theodore McCarrick, to cease public ministry after finding he was credibly accused of sexually abusing a teenager almost 50 years ago, the archdiocese and McCarrick said on Wednesday.

Tesla accuses former employee of hacking and transferring data

Wed, 06/20/2018 - 12:00pm
SAN FRANCISCO (Reuters) - Tesla Inc has sued a former employee claiming that he hacked the electric carmaker's trade secrets and transferred large amounts of company data to third parties, according to a lawsuit filed in federal court in Nevada on Wednesday.

EU to impose duties on U.S. imports Friday after Trump tariffs

Wed, 06/20/2018 - 11:05am
BRUSSELS (Reuters) - The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday.

Special Report: Trump's catch-and-detain policy snares illegal immigrants long in U.S.

Wed, 06/20/2018 - 10:45am
OCILLA, Georgia (Reuters) - Morena Vasquez didn’t want to drive that February night last year, but a co-worker at her job cleaning offices near Atlanta needed some keys dropped off.

Exclusive: Pope criticizes Trump administration policy on migrant family separation

Wed, 06/20/2018 - 4:19am
VATICAN CITY (Reuters) - Pope Francis has criticized the Trump administration's policy of separating migrant families at the Mexican border, saying populism is not the answer to the world's immigration problems.

China says it regrets U.S. quitting U.N. rights council

Wed, 06/20/2018 - 3:52am
BEIJING (Reuters) - China expressed regret on Wednesday over a U.S. decision to withdraw from the U.N. Human Rights Council, with state media saying the image of the United States as a defender of rights was "on the verge of collapse".

Taliban kill 30 Afghan soldiers in first major attack since ceasefire

Wed, 06/20/2018 - 3:50am
KABUL (Reuters) - Taliban militants killed 30 Afghan soldiers and captured a military base in the western province of Badghis on Wednesday, the provincial governor said, their first major attack since a ceasefire for the Eid al-Fitr holiday.

Saudi struggles for Gulf oil producers' support ahead of OPEC meeting

Wed, 06/20/2018 - 2:42am
VIENNA (Reuters) - Saudi Arabia is struggling to reach a unified position with fellow Gulf crude producers on the need to raise oil output, sources familiar with the talks said on Wednesday, adding to complications ahead of an OPEC meeting this week.

Latecomer Sanofi looks to catch next wave of cancer therapies

Wed, 06/20/2018 - 1:14am
PARIS (Reuters) - Sanofi missed the boat on immune system-boosting cancer drugs. Now it's trying to catch up.

Asian stocks pick up steam as hopes of policy support lift China

Wed, 06/20/2018 - 1:08am
SHANGHAI (Reuters) - Asian stock markets picked up steam in afternoon trade on Wednesday after a wobbly morning session, highlighting the lingering anxiety and uncertainty surrounding a heated trade dispute between China and the United States.

Fox to craft script for M&A summer blockbuster

Wed, 06/20/2018 - 12:31am
(Reuters) - Twenty-First Century Fox Inc's board is set to decide on Wednesday whether to entertain Comcast Corp's $65 billion cash bid for the New York-based media company or stick with its roughly $52 billion all-stock offer from Walt Disney Co , people familiar with the matter said.

U.S. shale producers warn Chinese tariffs would hit energy exports

Wed, 06/20/2018 - 12:20am
HOUSTON (Reuters) - China's proposed tariffs on U.S. petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry's largest customer, adding new pressure on U.S. crude prices, energy executives and analysts said in interviews this week.

Trump says would back both House immigration bills as separation crisis grows

Wed, 06/20/2018 - 12:19am
WASHINGTON (Reuters) - U.S. President Donald Trump told Republican lawmakers on Tuesday he would back either of the immigration bills making their way through the House of Representatives, as the outcry grew over his administration's separation of immigrant parents and children at the U.S.-Mexico border.

Dow-ned but not out: Expulsion no body blow for GE shareholders

Tue, 06/19/2018 - 11:48pm
(Reuters) - General Electric Co's expulsion from the elite Dow Jones Industrial Average may be a bitter pill to swallow for shareholders, but it could be little more than a publicity blow for investors in the 126-year-old struggling U.S. conglomerate.

U.S. judge dismisses Charleston shooting lawsuits, criticizes FBI

Tue, 06/19/2018 - 9:39pm
(Reuters) - A federal judge has dismissed 16 lawsuits filed by survivors of a 2015 mass shooting at a South Carolina church who sued the government over the failure of an FBI-run background check system to prevent the purchase of the murder weapon.