LOS ANGELES, Aug 10 (Reuters) - Antarctica's coastal glaciers are shedding icebergs more rapidly than nature can replenish the crumbling ice, doubling previous estimates of losses from the world's largest ice sheet over the past 25 years, a satellite analysis showed on Wednesday.

The first-of-its-kind study, led by researchers at NASA's Jet Propulsion Laboratory (JPL) near Los Angeles and published in the journal Nature, raises new concern about how fast climate change is weakening Antarctica's floating ice shelves and accelerating the rise of global sea levels.

The study's key finding was that the net loss of Antarctic ice from coastal glacier chunks "calving" off into the ocean is nearly as great as the net amount of ice that scientists already knew was being lost due to thinning caused by the melting of ice shelves from below by warming seas.

ZURICH, Aug 11 (Reuters) - Siemens (SIEGn.DE) reported better-than-expected revenues for its third quarter on Thursday as a writedown at Siemens Energy (ENR1n.DE) pushed the engineering and technology group into the red for the first time in nearly 12 years.

The maker of industrial software and trains reported revenues rising 11% to 17.87 billion euros ($18.38 billion) - beating analyst forecasts for 17.47 billion euros in a company-gathered consensus.

But Siemens posted a shareholders' net loss of 1.66 billion euros after taking a 2.8 billion euro non-cash charge for writing down the value of its stake in Siemens Energy. read more

HONG KONG, Aug 11 (Reuters) - The euro and Japanese yen held onto most of their overnight gains on Thursday, having been boosted by U.S. inflation data coming in less hot than feared and sending the dollar tumbling.

The European common currency was trading at $1.0285, with its 0.14% loss on the day, though it came after a 0.84% jump on Wednesday - its biggest daily percentage gain since mid-June.

Similarly one dollar was worth 133.15 yen up 0.2% on Thursday, after a 1.6% tumble the previous day .

STOCKHOLM, Aug 11 (Reuters) - Deutsche Telekom (DTEGn.DE) lifted its annual outlook for the second time and posted quarterly core profit above estimates on Thursday, supported by upbeat performances in its U.S. unit T-Mobile (TMUS.O) along with growth in its European business.

Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) rose to 9.9 billion euros ($10.19 billion), beating consensus estimates of 9.84 billion euros in a poll of analysts published by the company.

The telecoms operator's second-quarter revenue rose 5.9% to 28.2 billion euros, in line with consensus estimates.

LONDON, Aug 11 (Reuters) - British prosecutors have authorised terrorism charges against a man, 38-year-old Aine Davis, who has returned to Britain from Turkey where he had been held in prison.

The BBC have reported that Davis is accused of being part of an Islamic State (IS) cell that murdered hostages. The group of four men, who were with ISIS in Syria, was nicknamed "The Beatles" by hostages because of their British accents.

"Mr Davis, 38, has been charged with terrorism offences and possession of a firearm for a purpose connected with terrorism," the Crown Prosecution Service said.

SEOUL, Aug 11 (Reuters) - South Korea's unification ministry handling inter-Korean affairs expressed regret after North Korean leader Kim Jong Un's powerful sister blamed leaflets from the South for causing the COVID outbreak in the isolated country.

"We express strong regrets over North Korea repeatedly making groundless claims over the route of the COVID and making very disrespectful and threatening remarks," the ministry said in a statement.

North Korean leader Kim declared victory in the battle against the novel coronavirus, ordering a lifting of maximum anti-epidemic measures imposed in May, state media KCNA said on Thursday. read more

Aug 11 (Reuters) - Swiss lender Credit Suisse Group AG (CSGN.S) sought the English High Court last week to initiate formal legal proceedings against Japan's SoftBank Group Corp (9984.T) over a $440 million dispute, the Financial Times reported on Thursday.

The claims are related to Credit Suisse's Greensill-linked supply chain finance funds lent to SoftBank-backed Katerra, a U.S. construction group, FT said. https://on.ft.com/3JLWswM

Katerra subsequently filed for bankruptcy with more than $1 billion in liabilities.

NEW YORK, Aug 10 (Reuters) - Former U.S. President Donald Trump said on Wednesday he declined to answer questions during an appearance before New York state's attorney general in a civil investigation into his family's business practices, citing his constitutional right against self-incrimination.

Trump, his son Donald Trump Jr. and daughter Ivanka Trump had fought unsuccessfully to avoid appearing for testimony in state Attorney General Letitia James's probe into whether the Trump Organization inflated real estate values to obtain favorable loans and understated asset values to get tax breaks.

"I declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution," Trump said in a statement issued roughly an hour after he arrived in a motorcade at the attorney general's office in lower Manhattan for the deposition behind closed doors.

BEIJING/HONG KONG, Aug 11 (Reuters) - Asian shares extended a global rally on Thursday after softer-than-expected U.S. inflation data encouraged bets of less aggressive rate hikes from the Federal Reserve, while the dollar struggled for footing after its biggest plunge in five months.

U.S. consumer prices were unchanged in July compared with June, when they rose a monthly 1.3%. The July result was lower than expectations due to a sharp drop in the cost of petrol, causing markets to reposition on hopes that inflation was peaking. read more

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) surged 1.4% to the highest in six weeks, buoyed by a 1.8% jump in Hong Kong (.HSI), a 1.2% advance in South Korean shares (.KS11) and a 1.5% gain in China's blue chips (.CSI300).

BEIJING, Aug 11 (Reuters) - A Chinese property think tank owned by KE Holdings apologised on Thursday for sparking a heated public discussion with its report on rising housing vacancy rates in China, and that its assessment may not be sufficiently accurate.

Beike Research Institute on Aug. 5 published a report after conducting a survey warning of oversupply in China's property market due to high rates of unoccupied homes in major Chinese cities.

"The survey takes whether a home has been unoccupied for three straight months as an indicator, which does not fully reflect the real situation," said Beike in a statement published on its WeChat account.

BEIJING, Aug 11 (Reuters) - Several COVID-hit Chinese cities from the country's east to west imposed fresh restrictions and lockdowns on their populations on Thursday to contain flare-ups that are again threatening to disrupt local economies.

Reducing people's unnecessary movement for a few days - a softer type of lockdown - as soon as dozens of new cases emerge is a key practice of China's "dynamic COVID-zero" strategy. The aim is to avoid turning efforts to halt an outbreak into the extended nightmares seen in Shanghai and Wuhan.

The uncertainty over how long such smaller lockdowns may last - because Omicron's high transmissibility makes it harder to clear infections - has hurt business confidence and made people less willing to travel.

BEIJING, Aug 11 (Reuters) - Several COVID-hit Chinese cities from the country's east to west imposed fresh restrictions and lockdowns on their populations on Thursday to contain flare-ups that are again threatening to disrupt local economies.

Reducing people's unnecessary movement for a few days - a softer type of lockdown - as soon as dozens of new cases emerge is a key practice of China's "dynamic COVID-zero" strategy. The aim is to avoid turning efforts to halt an outbreak into the extended nightmares seen in Shanghai and Wuhan.

The uncertainty over how long such smaller lockdowns may last - because Omicron's high transmissibility makes it harder to clear infections - has hurt business confidence and made people less willing to travel.

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Gautam Adani, the world’s fourth-richest man, is using his $220 bln empire to amass critical energy and infrastructure assets. Financial profligacy broke many of his Indian rivals. Opacity is a bigger concern for the billionaire becoming too big to fail, says Una Galani.

SEOUL, Aug 10 (Reuters) - Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year's in a bid to cement its leadership in an expanding niche market.

The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4 with a 7.6-inch main screen to start at $1,799.99 in the United States, the same as the launch prices of last year's models.

"We've successfully transformed this category from a radical project to a mainstream device lineup enjoyed by millions worldwide," said TM Roh, president and head of mobile experience at Samsung Electronics.

HONG KONG, Aug 11 (Reuters Breakingviews) - A tweak to an archaic takeover rule in the Caribbean will help Thomas Lau to succeed where his sibling did not. The Hong Kong billionaire is offering $240 million to buy out minority shareholders in Caymans-registered Lifestyle International (1212.HK), his department store chain. His timing means the deal won’t have to pass the so-called headcount test that ended a similar tilt at developer Chinese Estates (0127.HK) by the family of his brother Joseph. Dropping the rule makes governance sense, although it removes one means for small shareholders to scupper poor offers.

Several Hong Kong tycoons have fallen foul of the notorious tests, which the Cayman Islands will scrap at the end of this month. The rule stipulates that a deal needs to be approved by a majority of voting shareholders present, as well as by ownership. Joseph Lau’s family failed to buy the 25% it didn’t own in developer Chinese Estates, valuing it at $979 million,...

NEW YORK, Aug 10 (Reuters) - Harvey Weinstein and the U.S. business of Fiat Chrysler Automobiles (STLA.MI) agreed to end competing lawsuits over a 2019 crash in which the now-imprisoned former Hollywood movie producer flipped a Jeep Wrangler while trying to avoid a deer.

According to a joint stipulation filed on Wednesday night in federal court in Manhattan and subject to a judge's approval, Weinstein and Chrysler will dismiss all claims against each other with prejudice, meaning they cannot be brought again.

A spokesman for Weinstein declined to comment. Lawyers for Chrysler did not immediately respond to requests for comment.

WASHINGTON, Aug 10 (Reuters) - U.S. Treasury Secretary Janet Yellen told the Internal Revenue Service on Wednesday that if the Inflation Reduction Act became law additional IRS resources should not be used to increase audit rates on taxpayers making under $400,000 a year.

The legislation, which passed the Senate over the weekend with no Republican support, increases the IRS budget by about $80 billion over 10 years.

Democrats say beefing up IRS enforcement will increase tax collection and help pay for the $430 billion bill, which tackles climate change and lowers prescription drug costs for seniors, among other provisions.

NEW YORK, Aug 10 (Reuters) - Wall Street surged on Wednesday, putting the Nasdaq more than 20% above its June low, after U.S. inflation slowed more than expected in July and raised hopes the Federal Reserve will become less aggressive on interest rates hikes.

A sharp drop in the cost of gasoline helped the U.S. Consumer Price Index stay flat last month after advancing 1.3% in June, the Labor Department said. The CPI rose by a less-than-expected 8.5% over the past 12 months after a 9.1% rise in June. read more

The rally came in the wake of the first notable sign of relief for Americans who have watched inflation steadily climb. The Nasdaq now is up 20.8% since bottoming but still needs to pass its prior peak in November to confirm a new bull market.

FRANKFURT, Aug 11 (Reuters) - Thyssenkrupp's third-quarter operating profit nearly tripled on the back of higher steel prices, the German conglomerate said on Thursday, but it added that it faced headwinds from high raw material prices and rising interest rates.

The company's adjusted earnings before interest and tax (EBIT) reached 721 million euros ($743 million) in the April-June period, up from 266 million in the same period last year.

More than half of that, or 376 million euros, came from the company's steel business, Europe's second-largest, which benefited from higher selling prices that offset rising energy and raw materials costs, Thyssenkrupp (TKAG.DE) said.

SEOUL, Aug 11 (Reuters) - China and South Korea clashed on Thursday over a U.S. missile defence shield, threatening to undermine efforts by the new government in Seoul to overcome longstanding security differences.

The disagreement over the Terminal High Altitude Area Defence (THAAD) system emerged after an apparently smooth first visit to China by South Korea's foreign minister this week.

China, contending THAAD's powerful radar could peer into its airspace, curbed trade and cultural imports after Seoul announced its deployment in 2016, dealing a major blow to relations.

BENGALURU, Aug 11 (Reuters) - Indian shares scaled four-month highs on Thursday, with technology and banking stocks leading the packafter a softer-than-expected U.S. inflation data eased fears of aggressive rate hikes from the Federal Reserve.

The NSE Nifty 50 index (.NSEI), with most of its major sub-indexes in the positive territory, climbed 0.83% to 17,681.05, as of 0449 GMT, and the S&P BSE Sensex (.BSESN)was up 0.94% at 59,371.43.

"The optimism came on the back of a U.S. consumer inflation rate that eased in July after hitting the peak a month before, raising hopes that the Fed will slow down the pace of interest rate hike," said Prashanth Tapse, research analyst at Mehta Equities.

If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.

If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Aug 11 (Reuters) - Verizon Communications Inc's (VZ.N) internet services were down for thousands of users on Thursday, according to outage tracking website Downdetector.com.

There were more than two thousand incidents of people reporting issues with the wireless carrier, according to Downdetector, which tracks outages by collating status reports from a number of sources including user-submitted errors on its platform.

The company's mobile and landline communications services, including broadband internet and phone, were down and most incidents were reported in Fayetteville, New York City, Miami, Philadelphia, Brooklyn, Charlotte, Baltimore, Fort...

LONDON, Aug 10 (Reuters) - U.S. service sector inflation has started to decelerate in response to a general slowdown in the economy and more cautious spending by households and businesses, but it is still running twice as fast as the Federal Reserve's target.

Services prices rose at an annualised rate of 8.1% over the three months to July, data from the U.S. Bureau of Labour Statistics (BLS) showed.

That was slower than the 9.9% increase over the three months to June, the highest for 40 years (“Consumer price index”, BLS, Aug. 10).

PINGTUNG, Taiwan, Aug 11 (Reuters) - Even before last week's visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi, fish farmer Chen Sheng-You was on the lookout for new business, with trade curbs cutting him off from his major source of revenue - China.

Amid simmering tension between China and self-ruled Taiwan,

Beijing suspended purchases of grouper fish, Chen's main product, in June after repeatedly detecting banned chemicals. read more