China’s Tencent falls 3% after disappointing earnings and scrutiny from Chinese regulators

Tencent’s stock was in focus after the company posted a quarterly earnings report on Wednesday that missed analyst expectations. Thursday morning trade saw the Chinese tech giant’s Hong Kong-listed stock sliding around 3 percent following the news. The company’s profit for the quarter ending in June dipped 2 percent to 17.87 billion yuan ($2.59 billion), which was weaker than analysts had anticipated. That was also the first decline in profit for the company in almost 13 years. « The disappointment will be broad based from these results, particularly in a…

Asian shares trim losses on renewed Sino-U.S. talks; Turkey, China worries weigh

TOKYO (Reuters) – Asian shares pulled away from one-year lows on Thursday, after Beijing said it will hold trade talks with Washington this month, although Turkey’s currency crisis and fears of an economic slowdown in China kept most markets in the red. FILE PHOTO – People walk past an electronic board displaying various Asian countries’ stock price index and world major index outside a brokerage in Tokyo, Japan, August 21, 2015. REUTERS/Issei Kato/File Photo MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood down 0.3 percent, after shedding as…

U.S. tariffs to stay on Turkey, Qatar offers Ankara aid

ISTANBUL/WASHINGTON (Reuters) – The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give Turkish authorities little incentive to work for the release of Andrew Brunson, a pastor on trial in Turkey on terrorism charges and whose case Turkish officials have said was a matter for the courts. The dispute is one…

A former librarian blew $89,000 of public money on a mobile game

A former librarian in Utah will serve 30 days in jail after he was found guilty of spending around $89,000 in public money on a mobile app called « Game of War, » a local news outlet The Herald Journal reported. Adam Winger was a director at the North Logan City Library for about three years before he was placed on administrative leave last summer, which quickly followed with his resignation three months later. Winger pleaded guilty to theft and forgery charges in June, according to the Herald Journal. He…

Oil edges up as China, US set for talks to resolve trade disputes

Oil prices on Thursday recouped some of the previous day’s losses after Beijing said it would send a delegation to Washington in an attempt to resolve trade disputes between the United States and China that have roiled global markets. U.S. West Texas Intermediate (WTI) crude futures traded at $65.11 per barrel at 0209 GMT, up 10 cents, or 0.15 percent, from their last settlement. International Brent crude oil futures were up 41 cents, or 0.6 percent, at $71.17 per barrel. Both benchmarks lost more than 2 percent the previous day.…

UK police return Buddha statue to India 57 years after it was stolen

LONDON (Reuters) – British police have returned a 12th Century Buddha statue stolen in India 57 years ago. The Buddha, a bronze statue with silver inlay, was one of 14 statues stolen in 1961 from the Archaeological Survey of India site museum in Nalanda, eastern India. The statue was handed over at the Indian High Commission in London on Wednesday to coincide with India’s independence day celebrations. It had changed hands several times since it was stolen before it was finally identified at a trade fair in March 2018. “This…

Malaysian court to rule on women accused of killing brother of North Korean leader

KUALA LUMPUR (Reuters) – A Malaysian court will decide on Thursday whether to continue hearing a case against two women charged with the murder of the estranged half-brother of North Korean leader Kim Jong Un, or acquit them. Vietnamese Doan Thi Huong, who is on trial for the killing of Kim Jong Nam, the estranged half-brother of North Korea’s leader, is escorted as she arrives at the Shah Alam High Court on the outskirts of Kuala Lumpur, Malaysia August 16, 2018. REUTERS/Lai Seng SinIndonesian Siti Aisyah and Doan Thi Huong,…

U.S. and Mexico to set up joint team to fight drug cartels

CHICAGO (Reuters) – U.S. and Mexican law enforcement authorities will set up a joint team based in Chicago targeting the leaders and finances of drug cartels that ship opioids into the United States, aiming to stanch a spike in overdose deaths, officials said on Wednesday. The announcement of a fresh effort at co-operation on security issues comes at a time of strained relations between the two neighboring countries and around four months before President-elect Andres Manuel Lopez Obrador, a left-leaning nationalist, is due to take power in Mexico. Lopez Obrador…

The heat is on for 4 more years: Extreme temperatures expected through 2022

This summer’s heat has shattered records around the Northern Hemisphere, from Algeria to Canada and Japan to California. New research suggests this could be only the beginning of a four-year global « warm spell. » Using a new forecasting technique, scientists in a study published Tuesday predict that the rest of 2018 through 2022 may be warmer than expected around the world as human-caused global warming and natural factors combine to heat the planet. « The coming warm period is associated with an increased likelihood of intense to extreme temperatures,…

Tesla whistleblower tweets details about allegedly flawed cars, scrapped parts

Tesla whistleblower Martin Tripp is tweeting internal emails, photos and vehicle identification numbers that he says are evidence of flawed manufacturing practices at Tesla’s battery factory, and product sold by Tesla that is imperfect, and could put drivers’ lives at risk. Tripp has, in previous interviews, said that Tesla’s Gigafactory took dangerous manufacturing shortcuts, and that Elon Musk had direct knowledge of these and failed to intervene. The lists of vehicle identification numbers, he wrote in the tweets, refer to specific cars that received batteries containing damaged cells that never…

U.S. clergy sex abuse revelation fuels push to reform assault laws

BOSTON/NEW YORK (Reuters) – The latest revelation of widespread child sexual abuse by Roman Catholic clergy has given impetus to efforts by legislators, including a Pennsylvania lawmaker who has said he was raped by a priest as a child, to make it easier to prosecute such cases. The bell tower on the Roman Catholic St. Mark’s Seminary is seen in Erie, Pennsylvania, U.S. August 15, 2018. REUTERS/Paul GibbensState Representative Mark Rozzi, 47, said he has fought for years to give people who say they were sexually assaulted as children more…

Pennsylvania report details decades of sexual abuse by priests

HARRISBURG, Pa. (Reuters) – Roman Catholic priests in Pennsylvania sexually abused thousands of children over a 70-year period and silenced victims through “the weaponization of faith” and a systematic cover-up campaign by their bishops, the state attorney general said on Tuesday. An 884-page report made public by Pennsylvania Attorney General Josh Shapiro after a two-year investigation contained graphic examples of children being groomed and sexually abused by clergymen. It was largely based on documents from secret archives kept by the dioceses, including handwritten confessions by priests, he said. “It was…

‘Simpsons’ creator brings animated fantasy show to Netflix

LOS ANGELES (Reuters) – The creator of the long-running animated TV series “The Simpsons” brings his first new show in 20 years to Netflix (NFLX.O) this week, a story that centers around a drunken princess, an elf and a demon. FILE PHOTO – Matt Groening (C), creator of The Simpsons, poses with characters from the show (L-R) Homer, Bart, Lisa and Marge at the 20th anniversary party for the television series at Barker hangar in Santa Monica, California October 18, 2009. REUTERS/Mario Anzuoni/File Photo Set in a medieval world called…

Ex-SEC chair: Commission won’t punish Musk over his personality

Elon Musk’s big personality won’t exacerbate Tesla’s possible punishment by the Securities and Exchange Commission, former SEC Chair Harvey Pitt told CNBC on Wednesday. « The good thing about the SEC and its very hard-working staff is they are very much determined to do what they believe justice requires. They are not going to take positions for public approval or because a person has a personality, » Pitt said on « Power Lunch. » Pitt’s comments come after a New York Times report that the SEC has served Tesla with…

Cisco rises on strong earnings

Cisco stock rose more than 5 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson Reuters. Revenue: $12.84 billion, vs. $12.77 billion as expected by analysts, according to Thomson Reuters. As a whole, revenue was up 6 percent year over year in the quarter, while revenue growth for the entire fiscal…

Twitter suspends InfoWars account one day after suspending Alex Jones

Twitter on Wednesday suspended the official InfoWars account, the company told CNBC. The action comes one day after Alex Jones’ personal account was suspended. Jones, who operates InfoWars, was suspended for posting a link to a video that appeared on Periscope, which violated its terms. In the video, Jones told his viewers to have « battle rifles and everything ready at their bedsides. » That same link was shared by the official InfoWars account. The video was still live on Twitter-owned Periscope until earlier in the day on Wednesday. Twitter…

Android 9 Pie (Go edition) will make Android Go better this fall

Android 9 Pie may have gotten the headlines, but Google has also announced that its latest pastry-named OS is coming to its Android Go line with Android 9 Pie (Go edition). The biggest change in Android 9 Pie (Go edition) is increased storage. According to Google’s blog post, the operating system for Android 9 Pie (Go edition) takes up less space on a device, giving users up to 500MB of additional storage out of the box compared to previous versions of Android Go. Additionally, Google is promising faster device boot…

Uber’s revenue and bookings growth slowed slightly in the second quarter of 2018, company reports

Ride-hailing company Uber is still on track to book more than $10 billion in revenue this year, although growth has slowed and its losses widened since the first quarter, according to the company’s self-reported financials. Uber told CNBC its Q2 net revenue was $2.7 billion, up 51 percent from the same quarter last year, and gross bookings were $12 billion, up 41 percent year-over-year. That’s a slight slowdown in growth from Q1, when it booked revenue of $2.5 billion, up 67 percent year-over-year, and gross bookings of $11.3 billion, up…

Trump revokes security clearance of former CIA director Brennan: White House

WASHINGTON (Reuters) – U.S. President Donald Trump revoked the security clearance of former CIA Director John Brennan on Wednesday, accusing Brennan of using his access to classified information in order to “sow division and chaos” about the Trump administration. FILE PHOTO: Former CIA Director John Brennan arrives for a Senate Intelligence Committee hearing evaluating the intelligence community assessment on « Russian Activities and Intentions in Recent US Elections » on Capitol Hill in Washington, U.S., May 16, 2018. REUTERS/Leah Millis/File Photo Trump announced the decision in a statement from him…

SEC scrutiny of Tesla grows as Goldman hints at advisor role

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plan to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018. REUTERS/Mike Blake/File PhotoThe electric carmaker’s shares fell as much as 4 percent but cut their losses after Goldman Sachs Group Inc said it was dropping equity coverage of Tesla because it…

Paris installs completely exposed urinals near popular tourist spots

Tourists visiting Paris’ Notre Dame Cathedral and River Seine might see more than they came for as public, exposed urinals are now available for use across the city. The bright red « uritrottoirs » are meant as an eco-friendly solution to public peeing. The receptacles look like a planter at first glance, with greenery filling the top. But a sign directs eyes down to the side of the structure, revealing a urinal. Aside from a slight U-shaped catcher, there are no privacy shields for any man using it. And not…

Scorching weather helps uncover archeological sites around Britain

LONDON (Reuters) – Britain’s hottest summer in decades has revealed cropmarks across the country showing the sites of Iron Age settlements, Roman farms and even Neolithic monuments dating back thousands of years, archaeologists said on Wednesday. Cropmarks – patterns of shading in crops and grass seen most clearly from the air – form faster in hot weather as the fields dry out, making this summer’s heatwave ideal for discovering such sites. Archaeologists at the public body Historic England have been making the most of the hot weather to look for…

Twitter CEO: ‘I don’t know’ if ban will change Alex Jones’ behavior

An Alex Jones tweet that linked to content encouraging violence led to his temporary ban on Twitter, CEO Jack Dorsey said in an interview with NBC News. But while the company has seen temporarily or permanently barring people from its platform has the ability to « impact and change behavior, » Dorsey said he doesn’t know if it will have an effect on Jones. « Whether it works within this case to change some of those behaviors and change some of those actions, I don’t know, » Dorsey admitted. «…

Google One launches with cheaper cloud storage plans

For some reason, Google is rebranding Google Drive storage plans under the name Google One. Along with the rebranding, Google is also improving its pricing in ways that give customers more options and more storage at lower prices. It marks the service’s first price cut in four years. Google One plans start at the same place as Google Drive plans — $1.99 per month for 100GB of additional storage — but the situation improves after that. Google is introducing a new $2.99-per-month tier, which includes 200GB of storage, and it’s…

Netflix pays more for TV shows up front, but keeps more upside on big hits, insiders say

Netflix, not surprisingly, is trying something very different to secure new TV shows. The high-flying company is frequently offering to pay for a television show’s production costs and throw in an additional fee on top to own original series, a different strategy than traditional TV networks have employed in the past. These moves, which come during contract talks with production companies, make it very hard for TV networks to compete, according to several people who have worked with Netflix on such deals. These contracts break the model on how shows…

Italy bridge: State of emergency follows Genoa disaster

Italian Prime Minister Giuseppe Conte has declared a 12-month state of emergency in the Liguria region in response to the motorway bridge collapse in Genoa. He also said he would make €5m ($5.7m) available from central funds. The regional government had requested the action following Tuesday’s collapse, which left 39 people dead. There has been anger and disbelief in Italy that such a vital structure could have simply given way. Rescuers have said there is little hope of finding more survivors underneath the Morandi bridge, where almost 40 vehicles fell…

‘Everyone was screaming to run’

In driving rain, brake lights suddenly illuminated an Italian motorway. Then the screaming started. « Out, out now. Collapse. » A UK family have told the PCF of their terror, after being caught up in the collapse of a bridge in Genoa on Tuesday which killed at least 39 people. Nicola and Lisa Henton-Mitchell, from Bicester, Oxfordshire, were four days into a three-week holiday with their two children when they were forced to abandon their hire car and run for their lives. « We had stopped at a service station…

Westminster crash: Salih Khater named as suspect

The man arrested on suspicion of terror offences after a car crashed outside the Houses of Parliament has been named as Salih Khater by government sources. The 29-year-old British citizen, originally from Sudan, has also been arrested on suspicion of attempted murder, Met Police said on Wednesday. He came to the UK as a refugee and was granted asylum, the PCF understands. His brother described him as a « normal person » with no fanatical ideas, and no links to any religious group. Abdullah Khater also said his family –…

Sir Cliff Richard privacy case: BBC will not go to Court of Appeal

The PCF will not challenge a ruling over its coverage of a police raid at Sir Cliff Richard’s home in 2014 at the Court of Appeal. A High Court judge ruled the PCF had infringed the singer’s privacy, awarding him £210,000 in damages in July, and refused leave to appeal. The corporation will now seek advice from the attorney general over the ruling’s impact on future reporting. « There is a fundamental principle of press freedom at stake, » the PCF said. A spokesperson for Sir Cliff said he welcomed…