By Jonathan Stempel
NEW YORK (Reuters) -A U.S. judge on Tuesday rejected Huawei Technologies' bid to dismiss most of a federal indictment accusing the Chinese telecommunications company of trying to steal technology secrets from U.S. rivals, and misleading banks about its work in Iran.
In a 52-page decision, U.S. District Judge Ann Donnelly in Brooklyn found sufficient allegations in the 16-count indictment that Huawei engaged in racketeering... (continue reading...)
LONDON (Reuters) -Britain's official budget watchdog said on Tuesday that it had been too optimistic about the country's economic growth outlook, raising the prospect of a downgrade of its forecasts which would be a blow to finance minister Rachel Reeves.
The Office for Budget Responsibility said in an annual assessment of its forecasting that its projections had overestimated annual economic growth by an average of 0.7 percentage points when looking five... (continue reading...)
PARIS (Reuters) -New car registrations in France slid 6.7% in June from a year earlier to 169,504 vehicles, data from French car body PFA showed on Tuesday.
Tesla sales fell 10.04% to 3,646 vehicles last month. Since the beginning of the year, Tesla's sales have slumped by 39.59% while the French market overall has shrunk by 7.94% over the same period.
(Reporting by Makini Brice, Editing by Dominique vidalon)
By Patrick Werr
CAIRO (Reuters) -The IMF may merge its fifth and sixth reviews of Egypt's $8 billion support programme because of slow progress on structural reforms, possibly delaying a new disbursement by half a year, three people with knowledge of discussions said on Tuesday.
The International Monetary Fund approved its fourth review of the programme in March, unlocking a disbursement of $1.2 billion. An IMF team arrived in Egypt in May to... (continue reading...)
By David Morgan, Bo Erickson and Davide Barbuscia
WASHINGTON (Reuters) -As President Donald Trump's Republicans push ahead on a sweeping tax-cut and spending bill that nonpartisan analysts say could add $3.3 trillion to the nation's debt over the next decade, they're taking a new approach - denying there is anything to worry about.
Instead, they argue that extending and adding to tax cuts signed into law by Trump in 2017 during his first term... (continue reading...)
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