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
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.
Brent cracks $70 for first time since pandemic began after Saudi facilities attacked
Brent crude futures jumped above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian oil facilities.
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.
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.
Top New York Democrats urge Cuomo to resign over sexual harassment allegations
The two top Democrats in New York's state legislature said on Sunday that sexual harassment allegations leveled against Governor Andrew Cuomo by five women, most of them former aides, have undermined his ability to lead and he should resign.
Have a news tip?
Reuters provides several ways to securely and confidentially share information and materials with our journalists.LEARN MORE ››