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By Josh Arslan and Ella Cao BEIJING (Reuters) – At Home Plate BBQ, an American-style restaurant in Beijing, staff are reprinting menus. The U.S.-China trade war means American beef – once the star ingredient – will soon be off the table. Home Plate’s beef, previously sourced entirely from the U.S., is increasingly Australian. The restaurant …

US beef off the menu as the trade war hits Beijing’s American-style restaurants Read More »

(This April 21 story has been corrected to rectify the number and timing of Meituan’s Weixin posts, in paragraph 7) SHANGHAI (Reuters) – Chinese e-commerce giant JD.com highlighted anti-competitive pressures on food delivery couriers on Monday, alleging that other platforms were coercing couriers to avoid working with JD Takeaway, a claim denied by its competitor …

China’s JD.com calls out anti-competitive pressures on food delivery couriers Read More »

By Poppy McPherson BANGKOK (Reuters) – Asian crime syndicates behind the multibillion-dollar cyberscam industry are expanding globally including to South America and Africa, as raids in Southeast Asia fail to contain their activities, the United Nations said in a report on Monday. Criminal networks that emerged in Southeast Asia in recent years, opening sprawling compounds …

Billion-dollar cyberscam industry spreading globally, UN says Read More »

By Jody Godoy WASHINGTON (Reuters) -Alphabet’s Google needs strong measures imposed on it to prevent it from using its artificial intelligence products to extend its dominance in online search, a U.S. Department of Justice attorney said as a trial in the historic antitrust case began on Monday. The outcome of the case could fundamentally reshape …

Google could use AI to extend search monopoly, DOJ says as trial begins Read More »

(Reuters) -U.S. trade officials finalized steep tariff levels on most solar cells from Southeast Asia, a key step toward wrapping up a year-old trade case in which American manufacturers accused Chinese companies of flooding the market with unfairly cheap goods. The case was brought last year by Korea’s Hanwha Qcells, Arizona-based First Solar Inc and …

US finalizes tariffs on Southeast Asian solar imports Read More »

By Stephen Culp NEW YORK (Reuters) – U.S. stocks suffered steep losses on Monday as U.S. President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, prompting investors to worry about the central bank’s independence even as they grapple with the effects of Trump’s ongoing, erratic trade war. All three major indexes …

Wall St ends sharply lower following Trump’s anti-Powell tirade Read More »

By Marianna Parraga HOUSTON (Reuters) -A U.S. federal judge on Monday confirmed a $3.7 billion offer by Contrarian Funds’ affiliate Red Tree Investments as the starting bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to pay creditors and bondholders, according to a court filing. The offer, which had been …

US judge confirms Red Tree’s offer as starting bid in Citgo parent’s auction Read More »

By Pritam Biswas (Reuters) -Baker Tilly said on Monday that it will merge with Seattle’s Moss Adams in a $7 billion deal that will create the sixth-largest advisory CPA firm in the United States. The merger is expected to be finalized in early June, marking a significant advancement in the middle market for both firms, …

Advisory firms Baker Tilly and Moss Adams set to merge in $7 billion deal Read More »