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
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
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
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
SHANGHAI, July 3 (Reuters) - Extreme weather in China is becoming increasingly frequent, with temperatures in some regions hitting record highs this year and with rainfall set to exceed average levels by 70% in the next 10 days, officials at the nation's weather bureau warned.
Speaking at a briefing on Tuesday, Liao Jun of the disaster relief department of the China Meteorological Administration said average temperatures this year in China have been 0.9 degrees Celsius higher than the average since 1961.
Liao said average temperatures in the southwest province of Yunnan and the island province of Hainan have been the highest since 1961, adding that as many as 40 weather stations across the country have recorded their hottest temperatures ever.
While average rainfall in Yunnan and Tibet has been the lowest since 1961, other regions have been facing "extreme precipitation events", with rain in parts of Jiangxi, Hunan and Guizhou "breaching historical extremes", Liao told reporters.
Large parts of southern China's planting regions have been waterlogged, affecting rice, tobacco and fruit production, he said, adding that rainfall in the south over the next 10 days is expected to exceed average levels by between 30%-70%.
"From a wider perspective, along with global warming, the likelihood of extreme weather events is increasing," said Chen Hao, an official with China's National Climate Center, at the same Tuesday briefing.
China's Ministry of Emergency Management said on Tuesday that it had already disbursed 1.32 billion yuan ($192 million) in emergency funds to help disaster relief, with a large proportion of the money going to flood-hit central and southern regions. ($1 = 6.8717 yuan) (Reporting by David Stanway)