Reuters

(Reuters) - Chinese online retailer JD.com on Thursday reported first-quarter revenue that beat market estimates, as deep price cuts helped boost sales that had been hit hard by cautious customer sentiment.

Net revenue rose 7% to 260 billion yuan ($36.02 billion) in January-March, versus the 257.72 billion yuan average of 21 analyst estimates compiled by LSEG. Analysts see full-year sales growing 6.7%.

($1 = 7.2182 Chinese yuan renminbi)

By Nathan Layne and Alexandra Ulmer

(Reuters) - Donald Trump and his allies are laying the groundwork to contest a potential loss in November, stoking doubts about the election's legitimacy even as opinion polls show the Republican presidential candidate leading in battleground states.

In recent interviews, Trump has refused to commit to accepting the election results. At his rallies, he has portrayed Democrats as cheaters, called mail-in... (continue reading...)

By Pete Schroeder

WASHINGTON (Reuters) - Jeff Riggs, a Montana businessman who owns a small data center, flew to Washington D.C. in November to meet with his U.S. Senator Steve Daines. 

The trip wasn't his idea. It was arranged, paid for and scripted by Goldman Sachs as part of the bank's aggressive campaign to water down a proposal to raise capital requirements for big banks.

Riggs was one of dozens of small business... (continue reading...)

JERUSALEM (Reuters) - Israel's economy recovered sharply in the first quarter of 2024 after a steep contraction in late 2023 that followed the start of war in Gaza with Palestinian Islamist group Hamas last October.

The Central Bureau of Statistics said in an initial estimate on Thursday that gross domestic product (GDP) grew an annualised 14.1% in the January to March period, just shy of a Reuters consensus of 15.3%.

Growth was led by a... (continue reading...)

By Valerie Volcovici

WASHINGTON (Reuters) - Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy watchdog's focus back to maximizing fossil fuel output instead of fighting climate change, according to people familiar with the matter.

The Paris-based IEA has provided research and data to industrialized governments for more than half a century to... (continue reading...)