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
Far from White House, Caribbean refinery to test Biden's promises on poverty and pollution
Earlier this month, Loren Hughes, a longtime resident of the U.S. Virgin Islands, noticed specks of an oily substance covering his home, as well as those owned by his neighbors.
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).
Have a news tip?
Reuters provides several ways to securely and confidentially share information and materials with our journalists.LEARN MORE ››