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India deports Myanmar refugees who fled 2021 coup May 2, 2024 07:33AM

By Tora Agarwala

GUWAHATI, India (Reuters) - India on Thursday deported the first group of Myanmar refugees who had sought shelter after a 2021 military coup, a top state minister said, following weeks of efforts that were hampered by fighting between Myanmar's rebel forces and the ruling junta.

Thousands of civilians and hundreds of troops from Myanmar have crossed the border to India after the coup. This has worried New Delhi, which... (continue reading...)


Quanta Services lifts annual forecasts on strong power demand May 2, 2024 07:32AM

(Reuters) - Quanta Services raised its annual revenue and profit forecasts on Thursday, encouraged by strong demand for its construction and engineering services from the renewable energy and electric power industries.

With companies increasingly tapping into new technologies and federal and state policies pushing for an accelerated shift to clean energy, demand for electric power infrastructure has grown in the United States.

Growing... (continue reading...)


Qualcomm jumps as AI sparks rebound in Chinese smartphone market May 2, 2024 07:25AM

(Reuters) - Qualcomm shares rose 4% in premarket trading on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump.

Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there gravitate toward higher-priced devices that can accommodate AI chatbots.

"Chinese vendors who traditionally relied... (continue reading...)


Nigeria court adjourns Binance and execs trial to May 17 May 2, 2024 07:15AM

By Camillus Eboh

ABUJA (Reuters) - A Nigerian court on Thursday adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17 after a lawyer for the exchange said he had not been served with documents needed to prepare for the case.

Binance and its executives Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and British-Kenyan Nadeem Anjarwalla, a regional manager for... (continue reading...)


Rebuilding bombed Gaza homes may take 80 years, UN says May 2, 2024 07:09AM

GENEVA (Reuters) - Rebuilding homes in the Gaza Strip could drag into the next century if the pace follows the trend of previous conflicts, according to a U.N. report released on Thursday.

Nearly seven months of Israeli bombardment have caused billions of dollars in damage, leaving many of the crowded strip's high-rise concrete buildings reduced to heaps, with a U.N. official referring to a "moonscape" of destruction.

Palestinian data... (continue reading...)


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