With a crackdown on luxury consumption in China, spirit makers like Kweichow Moutai are feeling the pain. Reuters correspondent Adam Jourdan looks at how the company can turn their luck around.
A Ukrainian court on Friday ordered the detention of the country’s farm minister in the latest high-profile corruption investigation, while Kyiv security officials assessed how they can recover lost battlefield momentum in the war against Russia. Ukraine’s High Anti-Corruption Court ruled that Agriculture Minister Oleksandr Solskyi should be held in custody for 60 days, but he was released after paying bail of 75 million hryvnias ($1.77 million), a statement said. Ukraine’s National Anti-Corruption Bureau suspects Solskyi headed an organized crime group that between 2017 and 2021 unlawfully obtained land worth 291 million hryvnias ($6.85 million) and attempted to obtain other land worth 190 million hryvnias ($4.47 million).
Scotland's leader cancelled a speech Friday as he fights for his political life in the wake of his decision to pull the plug on a three-year power-sharing agreement, a move that has exposed the government to peril. First Minister Humza Yousaf of the Scottish National Party was due to deliver a major speech on Scotland's independence from the U.K., but that has been cancelled following the furor surrounding his decision to tear up the power-sharing deal with the much smaller Greens on Thursday. Without the support of the Greens, the SNP is two seats shy of a majority of lawmakers in the Scottish Parliament, meaning it can only get legislation and its budget through with the support of other parties.
House Republicans’ majority could tighten by another vote after Tuesday’s special congressional election in Buffalo — at least, temporarily. Voters are choosing a replacement for Democrat Brian Higgins, a longtime House member who cited the “slow and frustrating” pace of Congress before resigning in February. Democrats have a long record of success in the 26th Congressional District, and their nominee is highly favored to win on Tuesday.
A court on Friday sentenced a Syrian woman to life in prison for a deadly explosion on a busy shopping district in Istanbul in 2022, Turkey's state-run news agency reported. Alham Albashir was given seven consecutive life sentences after being convicted on terrorism charges. The blast on Nov. 13, 2022 tore through Istiklal Avenue, a thoroughfare in Istanbul lined with shops and restaurants, killing six people, including two children, and wounding 99 others.
Vietnamese state media outlet VN Express reports that the head of Vietnam’s Parliament, Vuong Dinh Hue, has resigned. Hue's resignation takes place four days after his assistant Pham Thai Ha was arrested on charges of abusing his position and power for personal gain, according to state media. Vietnam's Communist Party accepted what called Hue's voluntary resignation, according to VN Express, while noting that investigators found that Hue had “violated Party regulations, and his violations have affected the reputation of the Party, the State and himself.”
Students at a prestigious university in Paris resumed pro-Palestinian protests on Friday, inspired by Gaza solidarity encampments at campuses around the United States, two days after French police broke up another demonstration. About 40 people remained in a building overnight in defiance of administrators who students say called the police on their peers two days earlier.
Exxon Mobil's profit declined in its first quarter as natural gas prices fell and industry refining margins dropped. The energy company earned $8.22 billion, or $2.06 per share, for the three months ended March 31. The results didn't meet Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as assets sales.
(Reuters) -The U.S. Food and Drug Administration approved Pfizer's gene therapy for hemophilia B on Friday, the second such therapy for the rare bleeding disorder that typically requires regular infusions of a blood-clotting protein. People with hemophilia have a fault in a gene that regulates production of proteins called clotting factors, which can cause spontaneous as well as severe bleeding following injuries or surgery.
London's stock market fired its way to another record peak on Friday, with investors gripped by a series of eye-catching takeovers this week for listed UK companies.We've had new record highs, yet more takeover action, and everyone is talking about UK stocks in a positive way," said Russ Mould, investment director at AJ Bell.
The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under stricter safety curbs.The company joins Facebook, TikTok, X, YouTube in a list of 23 "very large online platforms", which have more than 45 million monthly active users in the European Union.
Sweden should increase its military budget by nearly 54 billion kronor ($5 billion) until 2030 to strengthen its air defenses and beef up the number of conscripts, a Swedish parliamentary committee recommended Friday. The report by the Defense Committee which is made up of representatives of the eight political parties sitting in the Swedish parliament, said that NATO membership and the serious security situation require higher ambitions. “An armed attack against Sweden or our allies cannot be ruled out,” the commission said in its report entitled “Strong defense capability, Sweden as an ally.”
The vast amount of rubble including unexploded ordnance left by Israel's devastating war in the Gaza Strip could take about 14 years to remove, a United Nations official said on Friday. Israel's military campaign against Gaza's ruling Palestinian Islamist group Hamas has reduced much of the narrow, coastal territory of 2.3 million people to a wasteland with most civilians homeless, hungry and at risk of disease. Pehr Lodhammar, senior officer at the United Nations Mine Action Service (UNMAS), told a briefing in Geneva that the war had left an estimated 37 million tons of debris in the widely urbanised, densely populated territory.
The U.S. government's auto safety agency is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road. The National Highway Traffic Safety Administration says in documents posted on its website Friday that it has concerns about the December recall of more than 2 million vehicles, nearly all the vehicles that Tesla had sold at the time. The agency pushed the company to do the recall after a two-year investigation into Autopilot's driver monitoring system, which measures torque on the steering wheel from a driver's hands.
Sergei Shoigu, Russia's defence minister, has tried to send a "business as usual" message since his deputy was arrested on a bribery charge. On the surface, the timing of the detention on Tuesday of Timur Ivanov, one of Shoigu's 12 deputy ministers, was unexpected, coming when Russia is waging war in Ukraine and the authorities have made discrediting the army a jailable offence. Allegations of graft funding a lifestyle way beyond his means made against 48-year-old Ivanov by the late opposition politician Alexei Navalny's anti-corruption foundation had been in the public domain for more than a year with no apparent fallout.
Students blocked access to Paris' prestigious Sciences Po university over the war in Gaza on Friday, demanding the institution condemn Israel's actions, in a protest that echoed similar demonstrations on U.S. campuses. Chanting their support for the Palestinians, the students displayed Palestinian flags at windows and over the building's entrance. Several wore the black-and-white keffiyeh head scarf that has become an emblem of solidarity with Gaza.
The practice of giving sedatives to people detained by police spread quietly across the nation over the last 15 years, built on questionable science and backed by police-aligned experts, an investigation led by The Associated Press has found. At least 94 people died after they were given sedatives and restrained by police from 2012 through 2021, according to findings by the AP in collaboration with FRONTLINE (PBS) and the Howard Centers for Investigative Journalism. Supporters say sedatives enable rapid treatment for drug-related behavioral emergencies and psychotic episodes, protect front-line responders from violence and are safely administered thousands of times annually to get people with life-threatening conditions to hospitals.
Millions of people across South and Southeast Asia sweltered through unusually hot weather on Thursday, as the Thai government said heatstroke has already killed at least 30 people this year.April is typically the hottest time of the year in Thailand and other countries in Southeast Asia but conditions this year have been exacerbated by the El Nino weather pattern.
Cybersecurity firm Darktrace said Friday it had accepted a $5.3-billion takeover bid from US private equity firm Thoma Bravo, which highlighted the British group's "capability in artificial intelligence"."Darktrace is at the very cutting edge of cybersecurity technology, and we have long been admirers of its platform and capability in artificial intelligence," Thoma Bravo partner Andrew Almeida said in a statement.
Demetrio Jackson was desperate for medical help when the paramedics arrived. Elijah McClain’s 2019 death in Aurora, Colorado, was a rare exception: Two paramedics were convicted of giving McClain an overdose of ketamine, the same drug given to Jackson.
A Colorado judge on Friday is expected to sentence a paramedic convicted in the 2019 death of Elijah McClain, the last defendant to face jail time for the young Black man's death. McClain, 23, died after police slammed him to the ground soon after stopping him and put him in a chokehold at least twice. Paramedics injected him with an excessive dose of ketamine, an anesthetic used for sedation, after police said he was in a state of "excited delirium."
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