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SYDNEY, June 12 (Reuters) – New Zealand’s manufacturing activity contracted slightly in May, slipping back into negative territory after seven months of expansion, as businesses remained concerned about weak demand and global economic pressures. The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index fell to 49.9 in May from 50.4 in April and 52.8 in March. A reading above 50 indicates manufacturing activity is expanding, while anything […]

By Max A. Cherney SAN FRANCISCO, June 11 (Reuters) – Nvidia has hired veteran lobbyist Bruce Andrews to head government affairs in Washington, D.C., two sources briefed on the matter said on Thursday. Andrews served as chipmaking rival Intel’s government affairs chief under former CEO Pat Gelsinger. During the Obama administration, Andrews was a Commerce Department official. Nvidia declined to comment. (Reporting by Max A. Cherney in San Francisco) Brought […]

U.S. Agriculture Secretary Brooke Rollins watched sterile flies being released to fight the New World screwworm on Thursday and visited the Texas ranch where one of the first cases of the pest was detected. The screwworm could devastate the nation’s cattle industry. Later, she repeated her assertion that former President Joe Biden’s administration is responsible for the parasite’s return to the U.S. six decades after it was eradicated. Democratic leaders […]

A fiery North Dakota derailment that happened two years ago demonstrated yet again why the National Transportation Safety Board has been urging the rail industry for decades to replace flawed tank cars that tend to rupture in a crash. The NTSB said in its final report Thursday that the workhorse DOT-111 tank cars are long overdue for replacement because of the way the devastating impact of a derailment is magnified […]

SEOUL, June 12 (Reuters) – North Korean leader Kim Jong Un sent a congratulatory message to Russian President Vladimir Putin on Russia’s National Day, voicing full support for Moscow’s domestic and foreign policies, state media KCNA said on Friday. Kim said ties between North Korea and Russia were strengthening into an alliance based on a comprehensive strategic partnership treaty, and pledged to “always be with” Russia, KCNA reported. Separately, Russian […]

By Manya Saini and Niket Nishant June 11 (Reuters) – Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain […]

June 11 (Reuters) – Lennar forecast third-quarter home deliveries below Wall Street estimates on Thursday amid a persistently weak U.S. housing market, sending its shares down 3.2% after the bell. Single-family homebuilders like Lennar have been grappling with slowing sales as weak consumer confidence, job uncertainty and high mortgage rates weigh on demand. The resulting push for targeted incentives such as mortgage rate buydowns to revive sales, coupled with persistent […]

The Kansas City Royals placed center fielder Kyle Isbel on the 10-day injured list on Wednesday with left plantar fasciitis. On Thursday, Isbel was diagnosed with a Grade 3 tear of his left plantar fascia, which is considered severe. He’s expected to miss significant time. A timeline for his return will become clearer after further evaluation in the coming days. On Thursday, Isbel said he’s been managing the injury for […]

Elena-Gabriela Ruse of Romania saved 8 of 9 break points and knocked off No. 3 seed Elise Mertens of Belgium 6-3, 6-3 Thursday to advance to the quarterfinals at the Libema Open in ‘s-Hertogenbosch, Netherlands. The only seeded player to advance Thursday was Czech No. 8 Barbora Krejcikova, a 6-1, 6-4 winner over Belgium’s Hanne Vandewinkel. Austria’s Anastasia Potapova, the fifth seed, retired due to illness down 6-1, 2-0 to […]