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By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Osaka Organic Chemical Industry, a Japanese manufacturer of high-end chemicals used in chip production, is betting on the materials market for extreme ultraviolet (EUV) lithography, a method for making advanced chips. Little known even in its home country, Osaka Organic has carved out a critical niche in the semiconductor industry by supplying companies that make photoresists, the light-sensitive chemicals used to […]

NEW YORK (Reuters) – Joe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been charged in New York for orchestrating what a federal prosecutor called a brazen insider trading scheme. Prosecutors accused Lewis of passing on inside information from companies in which he invested to friends, personal assistants, private pilots and romantic partners. Lewis was charged in a 19-count indictment with 16 counts of securities […]

By Sheila Dang (Reuters) -Photo messaging app-owner Snap Inc on Tuesday gave weaker third quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 18%. The company’s Snapchat app has attracted hundreds of millions of users thanks to its lighthearted photo filters and new AI-powered chatbot that can answer questions. But it has struggled to consistently grow revenue and […]

BUCHAREST (Reuters) – A fire broke out at a children’s hospital in Romanian capital Bucharest late on Tuesday and 110 people were evacuated without any casualties, the government’s emergency response unit said. Officials have said the fire broke out when a generator blew up after a power shortage. The capital and several surrounding counties are under a heatwave code red for two days with temperatures exceeding 40 degrees Celsius (104 […]

By Valerie Insinna, Mike Stone and Pratyush Thakur (Reuters) -Pratt & Whitney on Tuesday hit fresh turbulence over a problem-plagued engine model, prompting a 10% drop in shares of parent RTX as it said more than 1,000 engines must removed from Airbus planes and checked for microscopic cracks. It was the latest setback to the U.S. engine maker’s efforts to conquer the biggest market segment — narrowbody jets — and […]

(Reuters) -The U.S. Federal Trade Commission is finalizing its long-awaited antitrust lawsuit against Amazon in a move that could ultimately break up parts of the company, Politico reported on Tuesday. The wide-ranging lawsuit is expected as soon as August and will likely challenge a host of Amazon’s business practices, the report said, citing people with knowledge of the matter. The complaint could focus on challenges to Amazon Prime, Amazon rules […]

By Fedja Grulovic and Nicolas Economou RHODES, Greece (Reuters) -Three people became the first known fatalities on Tuesday of wildfires that have been raging on the Greek islands for a week, and Prime Minister Kyriakos Mitsotakis warned of tough days ahead as the blazes destroyed homes and forced tourist evacuations. Two pilots were killed when their Canadair CL-215 plane fighting wildfires crashed on the island of Evia, east of Athens, […]

By Moira Warburton and Josephine Walker WASHINGTON (Reuters) – Democratic U.S. Representative Greg Casar of Texas held a thirst strike at Congress on Tuesday to protest a new law signed by Republican Texas Governor Greg Abbott blocking local ordinances that mandate water breaks for workers. Casar, whose district includes parts of Austin and San Antonio, Texas, said would not drink water for eight hours while standing on the steps of […]

SEOUL/MOSCOW (Reuters) -A Russian delegation led by Defence Minister Sergei Shoigu has arrived in North Korea, the ministry said late on Tuesday, joining a Chinese group as the first such public visitors to the country since the start of the pandemic. The two delegations will take part in the celebration of the 70th anniversary of “Victory Day” on Thursday in Pyongyang, state media agency KCNA reported, with Chinese Communist Party […]