BUSINESS

PIMCO's largest investment fund bought Russia government international bonds and hedged its position through credit default swaps (CDS) in the second quarter - the same quarter that Russia had a historic debt default, according to fund documents and Reuters calculations.

Many of the automatic braking systems automakers are using to prevent vehicles from hitting pedestrians do not work well in the dark, according to test results released Tuesday by the U.S.

Asian markets mixed as traders steel for more rate hikes

An Australian regulator sent legal letters to Facebook owner Meta Platforms, Apple Inc and Microsoft Corp demanding they share their strategies for stamping out child abuse material on their platforms or face fines.

The dollar languished on Tuesday after being beaten back from a two-decade high versus major peers by a reinvigorated euro.

Ukrainians flee war to find refuge in occupied West Bank

Wu Yibing becomes first Chinese man to win Slam match since 1959

Black Sea dolphins casualties of Russia's war in Ukraine

Panera will be testing artificial intelligence ordering technology in drive-thrus.

Energy price hikes could force UK pubs to shut

A U.S. judge on Monday handed a victory to Peloton Interactive Inc, saying subscribers must arbitrate their claims that the maker of at-home bicycles improperly charged sales tax on memberships in New York, Virginia, Massachusetts and Oregon.

Last member of Brazilian indigenous community found dead

A California owner of a Tesla Model 3 sued the electric vehicle maker in a proposed class action over cars suddenly stopping for non-existent obstacles, calling it a "frightening and dangerous nightmare," according to the lawsuit.

A group of Rogers Communications bond holders have failed to win enough votes to force changes to the company's proposal to delay redemption of its $9.35 billion bond by a year, two people familiar with the matter said on Monday.

Elon Musk has subpoenaed a Twitter Inc whistleblower, seeking documents and communications on the company's spam and alleged security vulnerabilities as the billionaire battles to end his agreement to buy Twitter for $44 billion, according to a court filing on Monday.

In another move toward electric vehicles, Honda Motor Co. (HMC) has teamed up with EV battery producer LG Energy Solution to build a $4.4 billion lithium-ion battery plant in the U.S.

Clashes in northern Ethiopia despite peace pleas

The U.S. Federal Trade Commission (FTC) on Monday sued Idaho-based data broker Kochava Inc for selling geolocation data from hundreds of millions of mobile devices that could be used to track consumers.

Western technology companies, including Ericsson and Nokia, announced plans for complete exits from Russia on Monday, following Dell last week, as the pace of withdrawals accelerates.

Starbucks customers will see the price of the PSL jump by as much as 4% depending on location and size.

The Taliban administration is in the final stages of talks in Moscow over the terms of a contract for Afghanistan to purchase gasoline and benzene from Russia, Afghan commerce ministry officials told Reuters.

S.Africa arrests ex-Transnet executives in high-profile graft case

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to GDP by 2050, according to a report released Monday.

Reliance Industries Ltd, operator of the world's biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said.

Dish is looking for a "lucky or unlucky" fan to watch 13 Stephen King films, if they dare.

Ambani commits $25 bn to launch 5G in India

Bollywood star questioned by police for nude shoot

Tesla chief Elon Musk said on Monday he aimed to get the electric auto maker's self-driving technology ready by year-end and hopes it could be in wide release in the United States and possibly in Europe, depending on regulatory approval.

Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertiliser-maker Yara's Dutch operation from 2025 in what they say is a commercial breakthrough for the business.