Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
(Adds Ford no comment)
LONDON, June 6 (Reuters) - Ford is expected to announce on Thursday that it is closing its engine facility in Wales, a source told Reuters, putting at risk 1,700 jobs in what would be the latest blow to Britain's car industry.
Ford is making cuts in several markets to turn around loss-making operations but has also repeatedly warned the British government that it needs free trade to be maintained with the European Union after Brexit, the terms of which remain unclear.
Its Bridgend plant built around 20 percent of Britain's 2.7 million automotive engines last year but a contract to supply Jaguar Land Rover ends in 2020 leaving a run of its own Dragon petrol engines which are sent abroad to be fitted into vehicles.
The site employs around 1,700 people with union officials due to meet representatives from the U.S. carmaker on Thursday.
"If our worst fears are confirmed it will mean disaster for both our members in Bridgend and the community at large, who we will stand by the tough thick and thin," said GMB union organizer Jeff Beck.
A spokeswoman for Ford declined to comment on Wednesday on what she said was speculation.
Britain's once roaring car sector, rebuilt since the 1980s mainly by foreign carmakers, has been posting slumps in sales, output and investment since 2017.
In January, Ford said that as part of a turnaround effort in Europe it would cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines.
Britain's Unite union said at the time it expected nearly 1,000 job losses at Bridgend.
Ford's British-built engines, which are shipped for fitting in vehicles in Germany, Turkey, the United States and elsewhere, could face delays and extra costs if Britain leaves the EU without securing a deal with the European Union. (Reporting by Costas Pitas; editing by Guy Faulconbridge)