The U.S. House of Representatives on Wednesday advanced a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, teeing up the legislation for full approval by the chamber this week.

Here are five facts about Jeff Zucker, who resigned on Wednesday as president of CNN and chairman of WarnerMedia's news and sports division for failing to disclose a consensual relationship with a close colleague.

The U.S. House of Representatives will hold a procedural vote on Wednesday on a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, which would tee the legislation up for full approval by the chamber.

(Reuters) -Michael Kors owner Capri Holdings on Wednesday reported a 24% jump in holiday-quarter sales and raised its full-year outlook, saying it would further increase prices across its brands to take advantage of soaring demand for high fashion.

MOSCOW (Reuters) -Russia will retaliate against Germany for banning the German-language service of Russian broadcaster RT, and the response will impact German media accredited in Russia and internet "intermediaries", the foreign ministry said on Wednesday.

Analysts are upgrading their expectations for Europe's fourth-quarter earnings season, which has seen a steep increase in companies announcing consensus-beating results, according to the latest data from Refinitiv I/B/E/S.