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At first glance, a recent Democratic primary in California’s Central Valley was just another skirmish between the party’s progressive wing and its more moderate establishment. This time, the contest was won by populist insurgent Randy Villegas. But what sets the outcome apart from similar primary battles is the stakes. This wasn’t a fight over a safe Democratic seat. Villegas will be the standard bearer against Republican Rep. David Valadao, one […]

By Arathy Somasekhar HOUSTON, June 11 (Reuters) – The United States has become the world’s largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies’ grip on energy markets as Washington’s war with Iran reshapes global energy trade. America’s ascendancy to the top spot marks a stunning reversal for a country that was dependent on Middle Eastern oil for decades […]

By Amy Tennery NEW YORK, June 10 (Reuters) – OG Anunoby’s late game-winner will go down as the greatest play in New York Knicks history, coach Mike Brown said, as the home team clinched the biggest comeback ever in the NBA Finals to beat the San Antonio Spurs 107-106 in Game 4 on Wednesday. The Knicks clawed their way back from a 29-point deficit as the once-demoralized Madison Square Garden […]

Iran retaliated against U.S. air and cruise missile strikes as hostilities escalated Thursday with attacks against Kuwait and Bahrain in renewed fighting after U.S. President Donald Trump warned that Tehran would “pay the price” for stalled negotiations. The exchange came shortly after the U.S. launched a second round of airstrikes overnight Thursday. Bahrain is the headquarters of the U.S. Navy’s 5th Fleet. The new assault across multiple Iranian cities came […]

BEIJING, June 11 (Reuters) – China’s northeastern city of Changchun, home to the country’s oldest automaker FAW Group, has released a draft plan through 2030 to revamp its decades-old auto sector, aiming to attract electric-vehicle makers such as BYD and Xiaomi. Here are key points from the draft plan: • China’s domestic auto industry is expected to consolidate significantly, with the number of automaker groups projected to fall to about […]

By Francesco Guarascio HANOI, June 11 (Reuters) – Vietnam’s Vingroup is accelerating construction in Hanoi of what it says will be the world’s largest stadium, betting that future demand will emerge to make the 135,000-seat venue financially viable over the long term. Thousands of workers are operating around the clock at the site, about 25 kilometres (15.5 miles) south of central Hanoi, to complete the venue by July 2027, a […]

SEOUL, June 11 (Reuters) – South Korea will fine e-commerce giant Coupang 625 billion won ($409.30 million) over a massive leak of customer information last year and illegal collection of personal information, in the country’s largest data breach penalty on a company. The Personal Information Protection Commission said the New York-listed company had leaked personal data of more than 33 million customers and failed to detect the breach within the […]

June 11 (Reuters) – U.S. President Donald Trump congratulated Armenian Prime Minister Nikol Pashinyan on Wednesday for his Civil Contract party’s ‘decisive victory’ in weekend elections. Pashinyan’s party won 49.8% of votes from Sunday’s ballot, enough to secure a parliamentary majority under Armenia’s electoral system, despite what international election observers called blatant interference by Russia. “I was very proud to have Endorsed him for Re-Election, and have no doubt that, […]

Shares are mostly lower in Asia following another sell-off of artificial-intelligence stocks that dragged the U.S. market sharply lower. U.S. futures advanced and oil prices gained more than $1 a barrel. Tokyo’s Nikkei lost 0.5% to 63,878.60, while the Kospi in South Korea was also down 0.2%, at 7,720.75. Hong Kong’s Hang Seng edged 0.2% higher, to 24,468.82, but the Shanghai Composite index fell 0.2% to 3,983.80. In Australia, the […]