Chinese drone giant DJI built such a successful U.S. business that it almost drove all competitors out of the market. Yet staff cuts and departures are compounding problems caused by government restrictions on Chinese companies and raising the once-remote prospect of DJI losing its dominance.
Business & Financial News, U.S & International Breaking News
Shares falter as tech skids, yields and oil ring inflation alarm
Share markets turned mixed on Monday as the U.S. Senate passage of a $1.9 trillion stimulus bill augured well for faster global economic growth, but also put fresh pressure on Treasuries and tech stocks with lofty valuations.
Biden officials visited U.S.-Mexico border Saturday amid migrant influx
Secretary of Homeland Security Alejandro Mayorkas led a visit by Biden administration officials to the U.S. border with Mexico on Saturday amid a growing number of border crossings and criticism by Republicans that an immigration crisis is brewing.
French billionaire politician Olivier Dassault killed in helicopter crash
French billionaire Olivier Dassault was killed on Sunday in a helicopter crash, a police source said, with President Emmanuel Macron paying tribute to the 69-year old conservative politician.
Swiss agree to outlaw facial coverings in 'burqa ban' vote
A far-right proposal to ban facial coverings in Switzerland won a narrow victory in a binding referendum on Sunday instigated by the same group that organised a 2009 ban on new minarets.
Japan minister apologises for bureaucrat's dinners with NTT executives
Japan's internal affairs minister removed a senior bureaucrat from his post and apologised on Monday for what he said could be a breach of the law after an inquiry showed the official attended meals with officials of Nippon Telegraph and Telephone (NTT).
Iran releases British-Iranian aid worker Zaghari-Ratcliffe from house arrest but court summons looms
Iran has released British-Iranian aid worker Nazanin Zaghari-Ratcliffe from house arrest at the end of her five-year prison sentence, but she has been summoned to court again on another charge, her lawyer said on Sunday.
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