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http://www.reuters.com/article/us-brazil-corruption-jbs-idUSKBN18O0RO?il=0

http://www.reuters.com/article/us-brazil-corruption-jbs-idUSKBN18O0RO?il=0

Scandal-hit Brazilian leader Temer picks new justice minister

['Lisandra Paraguassu']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["FILE PHOTO: Brazilian Supreme Court Justice Anibal Andrade Gutierrez delivers a speech to the media outside the Supreme Court at Sao Paulo's main square January 22, 2015. REUTERS/Vincent Kessler/File Photo\nBRASILIA (Reuters) - Brazilian President Michel Temer on Tuesday named his Justice Minister, Carlos Soares, as justice minister in order to launch a prosecution against former President Dilma Rousseff over mismanagement of public funds.\nThe paper on the new ministry will appoint a new chairman of the Supreme Court and continue to handle the central office of judicial affairs and judicial magistrates, which investigates corruption, fraud and other problems.\n“It has been for these reasons that Ito and Pemenez are prohibited to take charge of justice today,” the president, who was elected in September, said on Twitter.\nPolitical analysts had said any charges against Rousseff would need a vote of confidence in the lower house of parliament to be resolved.\nThe suit comes as Brazil struggles to balance growth and public safety concerns with costs of its fiscal policies that have raised inflation to more than 16 percent and the specter of deeper recession.\nSince resigning as president in October, Rousseff, who has lost support from most of her cabinet, has been enjoying legal access to government files as she fights to keep her contract.\nDespite her appearance on television for the first time in four years, Rousseff’s main rival, former President Silva, remains unpopular and her opposition is fiercely scorned over the scandal.\nIn a televised address late on Sunday, Luiz Inacio Lula da Silva, the former president of Brazil, described the latest revelations as “a big blow for Brazil.”\n“A lot of people are shocked. Their hearts are broken,” he said.\nFILE PHOTO: Brazilian President Michel Temer delivers a speech to the media outside the Supreme Court at Sao Paulo's main square January 22, 2015. REUTERS/Vincent Kessler/File Photo\nThere are still about 20 months until the state election in November, which officials aim to avoid.\nFormer Prime Minister Luiz Inacio Lula da Silva has seen his prospects of running again improve sharply in the past three months under a plan to cut up to $100 billion from the budget over the next four years and redeem one billion euros of debts paid by the government to private companies, finance the budget deficit and privatize state-owned enterprises.\nBefore entering office, he cultivated a reputation for politicians’ malpractice to bolster his campaign and work out compromises that diminished the importance of Rousseff’s popularity among voters.\nA comparison of the two presidential candidates shows that both have the strongest support among voters.\nIn the first presidential election in two decades, Rousseff was first elected in 2010, defeating Lula by a similar margin. A coalition between Lula’s Workers’ Party (PT) and his nationalist party has held on to power since then.\n"]

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http://www.reuters.com/article/us-britain-security-manchester-idUSKBN18O0AZ?il=0

http://www.reuters.com/article/us-britain-security-manchester-idUSKBN18O0AZ?il=0

Britain says some of Manchester bomber’s network potentially still at large

['Phil Noble']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - British authorities said on Wednesday their investigation into the Manchester Arena bombing which killed 22 people would be examined whether the conspiracy was still being thought at an advanced stage.\nA man holds a portrait of the suicide bomber, Khalid Masood, who was arrested during a raid on the Manchester Arena concert venue on Monday, in Manchester, Britain, December 22, 2017. REUTERS/Phil Noble\nThe inquiry, led by the Home Office and with the cooperation of at least 30 police, will tell its full and robust conclusions about the attack, including at a press conference later on Wednesday.\n“Our investigation into this tragic incident in Manchester will be a part of the full criminal justice process,” Attorney General Geoffrey Cox said, confirming the Home Office had been involved in previous probe involving the concert in May and the September 2016 bombing at a London soccer match.\nThe bombings, thought to have been the work of Islamic State militants, left 22 people dead and at least 125 others injured. Prime Minister Theresa May hailed the work of the Home Office and the police.\n“As a result of our investigation, from this point forward we can confidently say that the most advanced detectives have been formally commissioned and that our involvement in this investigation is now complete,” Cox said.\nAsked by a reporter about whether the case would have been discussed at the press conference, Police Minister Nicky Morgan said: “If there is to be any evidence given at the press conference in the immediate future, then we need it”.\nNew Home Office Home Secretary Amber Rudd said she would first meet the prime minister before making any decisions about the 2017 anniversary of the deadly schoolgirl schoolgirl bomb which targeted the same venue.\nThe area in which Britain was rocked by the attack has become a “vastly strategic asset” of the European Union, she said. “So too will the size of the terror group this explosion has rocked the UK and the scale of the national response.”\nShe added the blast shook the city and witnesses were “really desperately needed”.\nAs well as New York, Ireland, Ireland and U.S. cities, London and Brussels are expected to be among the area targeted.\nThe bombing in the early hours of Monday May 22 did not change the current focus by Britain’s counterterrorism authorities and was not linked to Islamist militants.\nAmong those detained in May were Alex Salmond, SNP leader in the Scottish National Party, Scotland’s Deputy First Minister Nicola Sturgeon, Scotland’s Deputy First Minister Nicola Sturgeon and Northern Ireland’s Secretary of State for Wales and Minister for Defence Michael Fallon.\nThe Home Office said on Tuesday that Scotland’s new Brexit secretary had entered an operating room at the Home Office with a number of senior officials, specifically around the wider forces of the Home Office.\nThe Home Office did not share further details on its process. A spokeswoman for the police said he had departed into a police wing for the first time.\nPrime Minister May said on Tuesday that she would be hoping there is further progress being made by the government in a series of stages. “The day after the attacks that took place there was a massive turnout and considerable interest from an increasing number of people,” she said.\nThe scale of the response since the weekend has been extensive, and the latest inquiry has taken years to complete. It focuses on people who knew Masood and were traveling with him in and around the night.\n“Where our culpability lies in the 12 months from the date of the attacks to the day after the atrocity itself, we will be examining further. And if we are to be effective we will need new, more rigorous, firm evidence,” Cox said.\n']

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http://www.reuters.com/article/us-russia-airplane-idUSKBN18O0DL?il=0

http://www.reuters.com/article/us-russia-airplane-idUSKBN18O0DL?il=0

Russia squares up to Boeing, Airbus with maiden jet flight

['Gleb Stolyarov and Jack Stubbs']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A file photo of Airbus Group SE (AIR.PA) aerial view of aircraft from the twin-engine 737 MAX 8 jet. REUTERS/Lucas Jackson/Files\nMOSCOW (Reuters) - Russia’s aerospace group said on Wednesday it was ending development of the nation’s first commercial airliner to fit in a single-celled airplane (TCA) configuration, after a $19.7 billion bid by Boeing (BA.N) failed to win approval for the project.\nThe Russian group said it will not continue development of the Lufthansa (LHAG.DE) 800-horsepower jet, which it said will include two new high-speed heavy types and introduce its second fleet of narrowbody planes in 2022.\n“It will continue with the development of additional development models that meet the requirements of the existing and rapidly evolving demand,” the group said in a statement late on Tuesday.\nThe first production of the Lockheed Martin (LMT.N) modified Boeing (BA.N) 737 MAX will be delivered to its wholly owned subsidiary Cessna by the end of the year.\n']

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http://www.reuters.com/article/us-sri-lanka-disaster-idUSKBN18O0PN?il=0

http://www.reuters.com/article/us-sri-lanka-disaster-idUSKBN18O0PN?il=0

Bangladesh raises highest danger warning as cyclone takes aim

['Ruma Paul and Dinuka Liyanawatte']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DHAKA/DHAKA (Reuters) - It is far too early to say what is the next big cyclone to strike the world’s biggest economy, but the earliest a cyclone will strike Bangladesh will be 2020 when it makes landfall, the government said on Wednesday.\nFILE PHOTO: A man prepares for storm Karen with cloud cover high on a rooftop in Bukhari village, Bangladesh January 1, 2018. Picture taken January 1, 2018. REUTERS/Mohammad Ponir Hossain/File Photo\nTropical Storm Karen hit the island of Trabuco Mendoza earlier on Wednesday with maximum sustained winds of 156 kph (107 mph), Kumar Basirul Islam, chief of the Meteorological Department, said.\nThe world’s first cyclone to strike Bangladesh since 1977, the unprecedented show of force was widely blamed on an abundance of tropical moisture in the tropical weather system at the northern end of its route.\n“A warning is issued under the Emergency Measures for Public Safety Act this week and Tropical Storm Karen,” the National Disaster Management Authority said in a statement.\nKaren began its path away from the southeastern United States on Wednesday and was expected to weaken as it approached the Gulf coast of Texas later on Wednesday.\nKaren, which has been running at about 6 inches (14 cm) per hour, was forecast to arrive in Texas on Thursday or Friday. A maximum wind speed of 136 kph (108 mph) was predicted for tropical storm Lee on Wednesday.\nNajib Razak, Bangladesh’s finance minister, said the cyclone’s cycle of course could be different from the Bangladesh cyclone, which struck early last year and did not directly cause any damage.\n“I don’t think one of us knows the new cyclone is another tropical cyclone,” Razak told Reuters.\n']

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http://www.reuters.com/article/us-canada-politics-conservatives-scheer-idUSKBN18O0KB?il=0

http://www.reuters.com/article/us-canada-politics-conservatives-scheer-idUSKBN18O0KB?il=0

A conservative ’common man’ set to challenge Canada’s Trudeau

['David Ljunggren']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['OTTAWA (Reuters) - Prime Minister Justin Trudeau said on Friday he planned to challenge Justin Trudeau in a June election to represent a conservative “common man” in the ruling Liberal Party, which has run in Canada’s main opposition coalition for about 20 years.\nFILE PHOTO: Prime Minister Justin Trudeau (R) speaks with security and intelligence officers in front of their meeting room in Paris, France, September 8, 2017. REUTERS/Philippe Wojazer/File Photo\nTrudeau would claim as his personal “common man” that he was never persecuted by the government, he said in a statement made by his office after Canada’s new information technology minister invited him to send a letter to his home province of Quebec over alleged leaks of classified documents.\nLiberal MP Jean-François Lisée told Reuters on Friday he was “surprised” and “absolutely” surprised at the lack of such information from a government official.\n“I wouldn’t have thought they would have sent a letter because he is from Quebec and has the support of the province, but we found out very little because he’s not from Canada,” he said.\nCanada’s Trudeau has announced a small but ambitious plan to bring a term-limited former prime minister and incoming Liberal leader Stephen Harper on board as a campaigning test case for next year’s election in hopes of winning over conservatives.\nThe election will be one of the main decisions of the new coalition government headed by Prime Minister Justin Trudeau, who has transformed his government from within his own party into its champion in Canada, where he has worked closely with outgoing Prime Minister Stephen Harper, who will step down at the end of the year.\n“To do what is right for Canada is difficult ... (but) we hope someone will continue to inspire us, to call us common man,” Trudeau said in the statement.\nA cross-party coalition of conservative, social and environmental issues that will take a leading role in the election next year are an opposition Conservatives, a minority Liberal Party, a fourth Globe and Mail newspaper opposition, the Social-Democratic Party of Canada and the People’s Party of Canada.\nThe Canadian Social Insurance Corporation expects to have the final say over appointments to the cabinet, which will be announced on May 13.\nThe Liberals, which have been at the centre of public and media coverage of the scandal surrounding leaks of cabinet secret files to the media, haven’t formally threatened to quit, but have signaled they will quickly pick up work from their own party and address leaks that need to be dealt with promptly.\n']

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http://www.reuters.com/article/us-somalia-violence-idUSKBN18O0OQ?il=0

http://www.reuters.com/article/us-somalia-violence-idUSKBN18O0OQ?il=0

Somali Islamist insurgents stone man to death for adultery

['Feisal Omar']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MOGADISHU (Reuters) - A man was knifed to death in southern Somalia on Wednesday after angry rival members of al Shabaab cut off his genitals and pulverized his shaggy beard, a group attacking a government security force pursuing them, a hospital official said.\nKhahabur Dogar, a member of a Saharan “Islamic Shi’ite sect,” was to be buried in Hargeisa on Thursday, hospital officials said.\nSecurity forces raided a Shi’ite sect compound in Hargeisa, about 40 km (25 miles) south of the capital Mogadishu, shouting anti-government slogans and beating up Islamists, the hospital official said.\nHargeisa, on the Seize River, has a far more sectarian and anti-government base than other areas of Somalia that are divided by borders. It was, however, gradually revving up sectarian tensions in the chaos-scarred country.\nThe bloodbath started on Wednesday when the Shi’ite sect destroyed the security forces’ headquarters in Hargeisa, the hospital official said. The two factions clashed with each other on Wednesday in the town on the river, burning down three police posts.\n“We have launched a search for the first suspect. But no signs of resistance have emerged so far,” Mohamed Anae, chief of emergency services for the Hargeisa hospital, told Reuters.\nOn Wednesday, Al Shabaab members attacked military installations in Hargeisa, around the southern tip of Somalia, killing dozens of soldiers, police and soldiers, adding to the chaos that has plagued the nation since 1991.\nAnae said Seize fighters killed 120 security officers on Jan. 1 after killing one of them when he was attacked on a public road.\n“The army was not the target,” he said. “Soldiers were wearing their uniforms and they attacked any armed opposition member.”\nPolice said in early December that security forces tried to capture Seize militant sympathizers and tortured them with electro-shock devices. Police say they have found the dead assailants in a mountain buried at Sogo Mabatha near Hargeisa, the insurgents’ last major stronghold in Somaliland.\nWhen asked whether Seize and al Shabaab had threatened to kill the officers in the hospital, Anae said: “They shouted things, some were angry and some fought with the military.”\nFacing long odds, Somaliland’s government declared the country split into two states on Dec. 31, 2013, forcing rival clans to return to peace talks and to opt for an interim government. (Reporting by Feisal Omar and Ahmed Abdirahman, writing by Paul Carrel; Editing by Mark Heinrich)\n']

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http://www.reuters.com/article/us-usa-trump-kushner-idUSKBN18O0G0

http://www.reuters.com/article/us-usa-trump-kushner-idUSKBN18O0G0

Trump attacks ’fake news’ following Kushner reports

['Doina Chiacu and Toni Clarke']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DUBLIN/LONDON (Reuters) - U.S. President Donald Trump on Monday criticized “fake news” following reports he had a formal meeting with the Russian ambassador over investigations into collusion between his 2016 campaign and Russia, referring to the reports as “fake news”.\nPresident Donald Trump speaks during a team meeting at his Mar-a-Lago resort in Palm Beach, Florida, U.S., January 1, 2018. REUTERS/Mike Blake\nTrump, a frequent critic of media on the campaign trail and the former New York Times reporter, retweeted a series of tweets targeting some of the reported publications in the reporting.\nFILE PHOTO: U.S. President Donald Trump attends a news conference with Slovakia Prime Minister Jan Strakkov at the Inter-American Commission on Human Rights (Cenica) headquarters in Caracas, Venezuela, April 15, 2017. REUTERS/Marco Bello/File Photo\nTwo new outlets reported in early November that the president had made a private “in-person” meeting with the ambassador, Robert Carlyle, a Trump acquaintance, and a person close to the Kremlin. The new Reuters reports were not confirmed by the Kremlin or the White House.\nA Reuters official was not immediately available for comment.\nTrump’s Twitter on Sunday afternoon said he had asked Carlyle “to be your negotiator” and called the Kremlin “evil” and “fake news”.\n“Fake News. Hey @Reuters White House, Kim and I are down. Fake news still kills Americans!” Trump wrote.\nThe Washington Post, which reported its stories, said the meeting was disclosed by a family member of the president.\nTrump blamed the Sunday report as “fake news” and, shortly afterwards, the New York Times reported an interview with a woman who suggested that the White House had “undesirably compromising information” on his son-in-law Jared Kushner.\nReuters, citing people familiar with the matter, said in its report that Trump had privately met with the woman. White House Press Secretary Sarah Huckabee Sanders denied it.\nThe White House also said that a meeting with Kushner was “non-political”, adding: “Individuals meeting with the president on behalf of the president do not trigger any investigation.”\nTrump frequently calls Moscow an enemy of the United States.\nIn November, Trump tweeted: “Facts are Fake. With my regular hand-picked Writers, they have the ultimate Right.”\nReuters contributed to this report.\n']

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http://www.reuters.com/article/us-usa-trump-viewsroom-idUSKBN18L22A

http://www.reuters.com/article/us-usa-trump-viewsroom-idUSKBN18L22A

Viewsroom: Trump budgets his way to la-la land

['Antony Currie and Jennifer Saba']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NAIROBI (Reuters) - The head of a group of draft U.S. budget negotiators on Tuesday offered an interesting approach to negotiations over next year’s budget that will ban all references to slavery during budgets that the U.S. government usually sets aside for years.\nFILE PHOTO: South Korean Finance Minister Seom-buk Cho speaks to media during the first day of an LDP-backed confirmation hearing in Seoul, South Korea, January 1, 2018. REUTERS/Lee Jae-Won/File Photo\nThe meeting of the National Budget Committee in the run-up to the scheduled June 15 budget debate for the budget into 2025 showed that even on presidential or state budgets the U.S. Congress has sometimes slapped down presidents’ ideas.\nOn most budget websites there are references to slavery throughout the administrations of Presidents Barack Obama and Ronald Reagan, which President Donald Trump and Democrats say affects many aspects of his administration.\nBut there is a problem with using such references. In the Obama years the administration had applied historical references to slavery in its budgets, largely to avoid the topic and to effectively ignore the issue.\nCritics complain that the reference is arbitrary and can lose appeal when referring to the administration’s policies.\nOn Tuesday, North Korea’s Foreign Minister Ri Yong Ho was quoted by South Korean media as saying that he had “zero, zero, zero reasons” for the reference.\nRi told South Korean media he had no direct knowledge of his reference and said his delegation had shared it with Obama’s administration.\nAmericans are largely skeptical about Republicans’ proposals to cut funding for Medicare and Medicaid, two popular domestic programs that the president has opposed as an expansion of Obamacare.\nThe policy source cited in the South Korean interview said that while it takes no position on slavery, administration aides had done a fine job in constructing their theory.\n“To qualify the idea, they looked at the history. But they found no evidence of slavery at all,” said Kim Sik-joon, a U.S. policy researcher who chaired the gathering.\nRESENT\nWhite House officials said in a statement that Trump would talk about his plans for tax cuts during a trip to India next week but it was not clear that aides were prepared to set aside reference to slavery.\nThe vague reference is hardly common and it does not appear to be part of the framework of the budget that forms the basis for the negotiations.\n“It is difficult for the administration to change their attitude toward slavery through its consideration of a subtle reference to slavery in the budget,” said Kim.\nThe budget committee has been debating the need for certain references to slavery since early October as part of efforts to establish a base of evidence.\nIt is not clear how much of Trump’s rhetoric is related to slavery.\nPlans for a defense “joint statement” for the first time in Trump’s remarks were made during a separate meeting with U.S. Secretary of State Rex Tillerson last week and U.S. officials have said those remarks were intended to remind the White House of the president’s desire to get along with Congress.\nThe National Budget Committee is not scheduled to meet until 2018. But it is possible that the committee could discuss draft budget drafts that the White House may decide to finalize if it has enough time to set them aside.\n“You have to appreciate that the idea of slavery goes back to the 18th century, but somehow when the Congress recognized this history they did not put the rule and essence into it,” said Ryan Alex Gryn, a former vice chairman of the Budget Committee.\nThe White House declined to comment on whether the previous approach to slavery had met with similar resistance, in part because it’s difficult to define what is and is not referred to in budget documents.\n']

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http://www.reuters.com/article/us-global-markets-idUSKBN18P00Y

http://www.reuters.com/article/us-global-markets-idUSKBN18P00Y

Italian banks sink on early election worries

['Patrick Graham and Danilo Masoni']

01-01-2021

reuters.com

success_wayback

gen

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["FILE PHOTO: Italy's Parliament chairman Gianni Modigliani speaks during a news conference at Parliament in Rome, Italy, January 1, 2017. REUTERS/Remo Casilli/File Photo\nMILAN (Reuters) - Italian banks’ appetite for bonds has cooled after President Donald Trump’s announcement on Friday that he wanted to make changes to banks’ supervisory powers, giving investors hope that the measures will make them more efficient.\nThe local market reaction was steeper-than-expected, with scrip heavyweights financial groups SpA and UniCredit down sharply in early trading. That was offset somewhat by scrip’s climb as well as Scania’s stock.\nFears that the changes could destabilise Italy’s banking system have weighed on market sentiment. Rising bond yields have fuelled the fall in yields that a fall in borrowing costs may not help boost demand for Italian assets.\nItaly’s 2018 general election on Feb. 1 is likely to offer more populist or extreme candidates to reignite bank woes.\nIn London, UniCredit bonds were the worst-performing of Italy’s sovereigns, with Italian accounts falling 7.2 percent in a one-way way. Unicredit bonds were the worst, down 1.2 percent, with Scania down 3.1 percent, Shure down 2.5 percent and Sprevision down 1.6 percent.\n“There’s an emerging asset class in Italy where deposit-heavy banks have financial products that are not easy to replicate at a broader scale. Those who have the capital structure that you have would be able to replicate those products very well and move to a market that would be more efficient and cheaper,” said Mandip Amin, economist at Societe Generale.\nIf enough voters decide against implementing changes to the supervisory powers, Italy could fall back into recession. With just three years until elections in May, overall risks remain as much as five years before elections.\nMoody’s Investors Service cut its outlook on Italian banks to “negative” from “stable” on Dec. 17, citing weak deposit flows and rising rates, which are putting pressure on profitability and services businesses.\n“Although the latest downgrade was positive, contagion risk to Italy still exists, and this crisis is likely to remain,” analysts said in a note.\nFitch downgraded Italy’s ratings last week, saying an upsurge in the likelihood of a government collapse was hitting banks even harder than previously expected.\nIt called the weaker-than-expected Italian result “a considerable departure” from 2017 when the country’s banks managed to average core efficiency ratios of 10.6 percent compared with the industry average of 3.5 percent.\nOn Friday, UniCredit (UCIG.MI) offered bonds backed by French junior junior junior junior junior bank IPIS.NETC a full quarter discount price, at 2038.5 percent against the average.\n"]

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http://www.reuters.com/article/us-hyundai-motor-china-analysis-idUSKBN18O01X

http://www.reuters.com/article/us-hyundai-motor-china-analysis-idUSKBN18O01X

Beijing bling: Hyundai plots China branding reboot after missile row

['Hyunjoo Jin and Jake Spring']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["HONG KONG (Reuters) - Chinese two-wheel-drive seller Hyundai Motor plans to strengthen its branding in the world’s second-largest car market, aiming to unveil it in the country by this summer and in the next two years.\nHyundai Motor's logo is seen on a an outside car after it was built in China in Kanggui, Jiangsu province, May 11, 2011. REUTERS/Stringer\nHyundai has long been known as a glamour brand and China’s two-wheel-drive population has an almost bifurcated image that could be a double-edged sword for the carmaker as such three-wheel-drive cars have limited sales.\nBut Hyundai has largely avoided the limelight in China since its launch in 2010.\n“The quality, the styling are the same, but we have more we like this,” said a Hyundai spokesman. “In China, we have more inroads in prestige and we are taking it to the whole world, particularly the United States and Europe.”\nHyundai is planning to invest $100 million this year in branding its cars and powertrain plant, and turn its products into a new name among consumers before the brand officially bows out in May, the spokesman said.\nBased in Asiana, southern China, Hyundai last month announced its intention to drop a traditional Japanese model name and build its own brand among the “lifestyle powerhouses” of the world.\nThe company, whose products are popular in China, is also selling cars based on its Hyundai i10 and Hyundai i20 SUVs.\nIn a nod to how the vehicle sales in China typically bounce back from shortages, Hyundai and Korean rivals Hyundai Motor Co and Kia Motors Corp did not deny that those two names had an impact on the local market.\n“There is always a certain basis of difficulty in purchasing small vehicles in the country,” Hyundai spokesman was quoted as saying.\n“It is expected that we’ll be aware of that as the carmaker arrives,” he added.\nLike many carmakers, Hyundai expanded its product range for its products in China in 2005 as its flagship Carrizoate, launched in Korea and Japan in March last year, was marred by lengthy recalls.\n“The brand fusion strategy, it’s the big trend in the car sector since the time I was in China,” said Kim Sang-geol, a Beijing-based Hyundai analyst.\n“Now, every company wants to have a better quality cars as their two-wheel-drive brands are becoming a bit deeper. We welcome these automakers’ feelings.”\nMost competitors follow suit, with Kia announcing in August that it was discontinuing the Design North line - which featured crossovers, hatchbacks and supercars - in order to preserve its established market share.\nTo succeed, Hyundai has to cater to Chinese tastes, said Yulong Chan, head of global brand marketing at Hyundai Motor Co’s China subsidiary.\n“Hyundai had a lot of success in the China market, but the brand will not be seen in the Chinese market,” he said.\nHowever, the brand could face resistance from Chinese automakers that could prevent it from becoming globally more marketable, said Yatin Wang, head of research firm IIM Market Research.\nHyundai won’t be the first to build its own brand in China, though: Earlier this year, Chinese rival Daimler partnered with it to build rival Nissan Motor Co’s Ciaz, a crossover hatchback.\nCurrently, the Hyundai brand sports the far-right “Gangnam Style” (Gangnam Style) music video, which is widely regarded as an endorsement of Korean culture.\n"]

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http://www.reuters.com/article/us-northkorea-missiles-kim-idUSKBN18P23J

http://www.reuters.com/article/us-northkorea-missiles-kim-idUSKBN18P23J

North Korea warns of ’bigger gift package’ for U.S. after latest test

['Ju-min Park and Jack Kim']

01-01-2021

reuters.com

success_wayback

gen

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['SEOUL (Reuters) - North Korea’s state-run newspaper said on Monday that U.S. and South Korean officials were planning to “trash” the two countries’ signed nuclear non-proliferation treaty, a day after rocket tests by the North sent its scientists’ nuclear program into “tear”.\nA North Korean girl and her mother meet at a hotel in Beijing May 5, 2015. REUTERS/Carlos Barria\nThe newspaper said the initial steps should go ahead as planned after media reports cited unidentified officials as saying the plan was to send North Korean experts to Seoul in May to obtain one man each from the U.S. and South Korean sides.\nThe report by South Korea’s state-run Korean Central News Agency said its sources had told reporters it will not be practical to send the experts, but it might keep them in place.\nThe answer on the test carried no significance, the report said, citing two people familiar with the plan.\nNorth Korea has conducted dozens of nuclear tests in defiance of U.N. resolutions including one in 2013.\nWhile state media has reported Kim Jong Un’s signing of a two-year nuclear strike program aimed at Iran in 2013, Pyongyang denied the February blast did anything other than launch a long-range rocket.\nNorth Korea has also sent experts to deliver five nuclear power reactors to an undisclosed country, according to several agencies monitoring the test.\n“The highly sensitive atomic energy program involves all aspects of nuclear research and nuclear power production and intercontinental ballistic missiles,” the article said.\nWashington and Seoul had not commented on the reported plan.\nNorth Korea tightened its diplomatic ties after the Dec. 13 launch of a satellite which flew into space and surprised world powers and North Korea despite Washington imposing sanctions against the reclusive state.\nIn March, Washington lifted most of its sanctions on Pyongyang under a 2013 deal that also lifted mutual economic sanctions that had put restrictions on the country’s nuclear and missile programs.\nU.S. officials have said the test launched an intermediate-range ballistic missile launched by North Korea on Dec. 9 flew over China’s military base, hours after an unexpected U.S. missile defense test at the Punggye-ri military complex in the northern province of Songjong.\nTelevision footage showed the weapon at China’s Chang’i airport before coming to a halt at the airport in Chongqing.\nThe North Korean government reacted by last week trading insults and accusations with Washington and Seoul.\nU.S. President Donald Trump, who last week threatened to impose “fire and fury” on North Korea in response to its nuclear and missile tests, said Pyongyang should improve the nuclear and missile programs.\nThe United States denied there was an intercontinental ballistic missile test, saying in a statement that it “vigorously condemns” its “reckless behavior.”\nThe intercontinental ballistic missile (ICBM) was first launched in October by North Korea to a range of 1,950 km (1,435 miles), and sailed in from the country’s Punggye-ri military complex in the northeastern province of Haryjo, China’s Xinhua news agency said on Tuesday.\nThe missiles were launched from the country’s northeast territory of Hwanghae, a western island that is a strategic choke point for the Chinese navy.\nU.S. Defense Secretary James Mattis also took issue with North Korea’s missile launch on Tuesday, saying in a statement that the missile “is a full range rocket system capable of delivering devastating force to the world.”\n']

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http://www.reuters.com/article/us-germany-merkel-trump-idUSKBN18P0VV

http://www.reuters.com/article/us-germany-merkel-trump-idUSKBN18P0VV

’Atlanticist’ Merkel rams home frustration with Trump after summits

['Paul Carrel and Andreas Rinke']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BERLIN (Reuters) - Germany’s chancellor, Angela Merkel, tried to shake U.S. President Donald Trump’s hand again on Wednesday, saying the new U.S. president had “needed to reflect his own genius” and rejected suggestions he was itching to strike deals with the other Europeans.\nGerman Chancellor Angela Merkel shakes hands with President Donald Trump in Berlin, Germany December 26, 2017. REUTERS/Fabrizio Bensch\nIn an email address during a holiday weekend in Germany, Trump recalled his visit to the White House in April when he told Merkel of “support for our strategy in Ukraine and Syrian refugees”.\nTrump had told a White House gathering in the Oval Office “that this is one of our top objectives ... in addition to listening to the ideas in Germany that are good in the United States,” German business magazine Der Spiegel quoted him as saying.\nMerkel and Trump’s joint address at the end of an official week of talking at a high-end resort where the two spent an hour on Tuesday, was the clearest sign yet of the differences between the world’s two largest economies which have dogged Trump for years.\nGermany and the United States have been at loggerheads over handling high-profile events such as trade talks between Washington and Beijing and a Trump administration policy of striking badgers in Europe.\nMerkel expressed frustration on Tuesday that Trump has not met the leadership of the EU after the bloc’s failed attempt to scupper the two-week summit, when Trump broached the issue.\n“I think that we should listen to what he’s been saying, not take it from him,” Merkel said.\nShe said Trump had used the strength of his economy as a primary reason for his comments and that she felt his need to continue to go after the German market, despite their differences over taxes.\nRelations between Trump and Merkel deteriorated sharply in September over remarks he made about Muslims in the United States, after Merkel herself was caught on the phone with the then U.S. president in October.\nAs tensions between the world’s two largest economies grew, Merkel called the U.S. president to insist he finish the seven months of talks and to confirm that he had signed an accord on trade.\nAccording to media reports, Trump told Merkel in December at the British annual parliament, “I think we can do good on trade, obviously ... but on an ideological level.”\n(Reporting by Paul Carrel, additional reporting by Michael Shields; Editing by Toby Chopra)\n']

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http://www.reuters.com/article/us-usa-muslims-portland-idUSKBN18P1XR

http://www.reuters.com/article/us-usa-muslims-portland-idUSKBN18P1XR

Trump condemns fatal Oregon stabbings; says victims stood against hate

['Barbara Goldberg']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DES MOINES, Jan 1 (Reuters) - U.S. President Donald Trump condemned the attack on two men on Sunday while speaking at a humanitarian appeal for migrants in a speech about the opioid crisis.\n“I strongly condemn the killing of these two men,” Trump said at a forum at the African Methodist Episcopal Church in suburban Des Moines, Oregon. “And I will do whatever is necessary to bring their bodies to their families.”\nMigrants from Central America and other nations are fleeing persecution and conflict in their homelands and seeking to avoid living in overcrowded camps known as “summer camps”.\n“I will do whatever is necessary to bring their bodies to their families,” Trump said as he thanked the more than 700 people who have made the journey by boat, saying all of them are “patriots”.\n“You know it’s easy for them to go to these fires where they feel safe and all of a sudden they are taking these people,” he said. “You know there’s really lots of violence and people are always trying to kill you. You know, there are lots of enemies in the world for this side of the globe, and that’s what they have been so dangerous for.”\nTrump said immigrants “have been horrifying to people of color, especially people of color, because they are mistreated, they do not speak a true language, they are horrible people” and condemned the violence in an address to immigrants, prisoners and refugees.\nOregon Governor Kate Brown, who has pledged to establish a special task force to arrest immigrants caught in migrant camps, and a federal magistrate in Oregon state court said on Monday that the victims could face jail time if convicted.\nMerida County Sheriff Shawn Thomas said a 21-year-old man was found hanging in a shop near his rented rental home on Sunday by a neighbor who then called police to report the crime.\nThomas said 45 minutes after the friend came outside, three men and a 12-year-old boy approached and stabbed the men in the back of the head and neck, although they did not commit suicide.\nHe said several police officers told the people in the buildings the attackers had been shooting at each other and had threatened to kill everyone.\n“So the police officers got to them and came to their aid and I think the men ended up getting shot. So that’s what happened,” Thomas said.\nThe Oregon state prosecutor ordered a detainer on the men, after which they were flown to a semiautonomous small island in the western Pacific where officials are trying to find the victims.\nIt was not immediately clear how they were able to make it to the island, and Thomas said one of the victims, identified as Sean Connery, had been shot dead inside the home and body.\nA federal marshal said one suspect had asked the father of the young man the devil-faced devil voice, “If you kill me, will I get shot,” to scare him before assaulting him, a mugshot of Connery and other items obtained by police showed.\n“Truly a horrible story, but the incident was so out of line,” Thomas said. “Two small groups, a group of people, committed a heinous crime.”\nWhite House spokeswoman Sarah Huckabee Sanders said Trump spoke about the deaths of the two victims after the attacks in Seattle and a high-profile New York State rally in Manhattan.\n']

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http://www.reuters.com/article/us-usa-solar-wto-idUSKBN18P1JL

http://www.reuters.com/article/us-usa-solar-wto-idUSKBN18P1JL

U.S. may put emergency tariffs on solar imports

['Tom Miles']

01-01-2021

reuters.com

success_wayback

gen

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['WASHINGTON (Reuters) - U.S. President Donald Trump’s administration could put tariffs on imports of solar panels, solar exports and solar imports from other countries, according to officials familiar with the matter.\nU.S. President Donald Trump arrives to take part in the groundbreaking visit of South Korea’s President Moon Jae-in at the Diaoyutai State Guesthouse in Hangzhou, Zhejiang province in this November 23, 2017 file photo. REUTERS/Stringer/Files\nTrump told reporters ahead of a formal invitation to Asia that he wanted to protect U.S. jobs, competition and American companies from competition from Chinese exports that were being affected by tariffs. He plans to present U.S. investment plans this week at the Belt and Road Forum to Asia that he calls, the first visit of a North American president.\n“We have announced our intent to put tariffs on solar imports. Some of it is already in the pipeline,” one senior U.S. official told Reuters in New York on Thursday, after Trump met with Chinese President Xi Jinping.\nThat plan is similar to those offered by Trump at the Group of 20 summit in Hamburg in July.\nAlthough a U.S. government source said Trump planned to push ahead with his proposed tariffs as early as this week, sources close to the White House did not make any comment on the details.\nU.S. President Donald Trump leaves the Oval Office at the White House in Washington in this February 2, 2018 file photo. REUTERS/Kevin Lamarque/Files\nTrump threatened earlier in December to impose duties on $34 billion in Chinese imports, hitting Chinese domestic companies as well.\nA U.S. official said that tariffs could be first imposed in the first half of January, putting a five-month deadline on Trump’s tariff plans.\n“It wouldn’t be surprising to see tariffs implemented first, but there’s no plan to announce plans at this stage,” the official said.\nThe official, speaking on condition of anonymity, said Trump also wanted to discuss climate change with Chinese President Xi and could discuss solar with U.S. Secretary of State Rex Tillerson.\nTrump’s framework for the North American Free Trade Agreement, the pillar of NAFTA, has been a hot-button issue for the White House. The American interests of American companies and business would be on target to dominate the negotiations and Washington will leave it up to them to negotiate with their U.S. counterparts to ensure an agreement is reached.\nSome allies fear Trump will force them to leave NAFTA if China takes actions to restrict U.S. intellectual property.\nChina is among other countries that may be forced to close its solar panel factories, risking the Chinese economy, according to an executive with the International Solar Alliance, the U.S. trade group.\nThe group, which is working with European and U.S. policymakers, maintains a policy statement urging U.S. companies to avoid structural tariffs on Chinese solar panels.\n“China may expand their solar panels by a few percentage points - but most countries are able to get away with it,” the senior U.S. official said.\n']

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http://www.reuters.com/article/us-britain-eu-may-idUSKBN18P21T?il=0

http://www.reuters.com/article/us-britain-eu-may-idUSKBN18P21T?il=0

UK election rivals May and Corbyn set out opposing EU ’no deal’ stances

['Costas Pitas and William James']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - A year-long electoral campaign by May’s Conservatives and Labour’s Jeremy Corbyn on whether Britain should stay in the European Union will see them at odds over Britain’s future with Brussels, Europe and the world.\nSlideshow (2 Images)\nDespite newly released documents suggesting this week that Labour and May together have formally offered a clear preference for “remain” for the next election, two rival narratives may reignite debate about what happens if British and EU leaders decide this month to embark on a “no deal” Brexit.\nThe campaign, held in an episode of the “O2 Sentence” podcast on the National Cable Television Networks earlier this month, said hard-left Corbyn was against the idea. The duo’s warm exchanges on European affairs appeared to signal a breakthrough.\nThe two parties regularly clashed over the future of the bloc, although both said last year they would back a new EU treaty. One Corbyn aide put the campaign’s chances of a no deal high, after the first exit vote, due in April.\nThe latest examples of how life will change under a new Labour government mean it may only be two years until there is a new UK-EU treaty.\nA poll published by Guardian journalist John Hoare this week showed Labour was on a six-point lead at the time of the first exit vote and their three main rivals at the top of the overall poll.\nCorbyn declined to give a specific target for reaching a deal with Theresa May, but said talks over the terms of Britain’s departure from the 28-nation bloc were continuing.\n“It won’t happen unless there is a trust,” he said. “It must be a commitment that the two parties who lead the British people and the EU, and the EU’s single market, will be willing to make.”\nAs well as striking a broad coalition, Corbyn is trying to put the campaign to bed by raising the Conservative Party’s profile in one of Britain’s biggest media markets. His motto for the campaign will be “true to the plan”.\nIt will be the climax of Corbyn’s second attempt to emerge as an option for the Conservatives, who are trying to appeal to voters unhappy with Corbyn’s strident support for an anti-austerity Labour government which carries out austerity measures and scrap taxes.\nCorbyn has promised to fight anti-austerity attacks and promote jobs as part of an electoral campaign that has hit all sides hard in Britain’s two most important northern regions.\n“The socialist parties are starting to make it very difficult for us to be on the same page in the centre ground as the Lib Dems and Labour,” said David Fox, who is best known as editor of the July 2010 mid-term election jolly for losing the party’s London constituencies.\n“They are well organised. They are feeling pressure to make some kind of change. So a conscious effort to separate the Labour Party and the Conservative Party is going to get us through.”\nCONSTANCE\nIn the UK, the UK Independence Party (UKIP) and Labour are on the opposite side of the Brexit debate.\nObservers say UKIP may not run a serious campaign in future as it seeks to limit spending, cut taxes or reduce its taxes. But Corbyn’s main challenge will be trying to cut government spending to make up for money he has already agreed to give to UKIP to help prop up his second-placed party.\nThe new party will also have to focus on its core UK supporters. In her interview with Sky, May said her party, which has drawn national support in recent months with pro-EU UKIP, had “a real chance” of securing more people back to the party’s support.\nAt the same time, the Conservatives argue that they must stop lobbying for a bigger role for the EU.\nIn the latest documents shown to Reuters, May and Corbyn said they had heard from advisers at the top levels of the EU who warned that by allowing “divorce bill breaches” to happen in a series of five years, there could be a “coming of age” for the EU.\n“If nothing else, the markets are likely to get more convinced that the political settlement will work,” the latest documents from May and Corbyn said.\n']

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http://www.reuters.com/article/us-libya-security-idUSKBN18P0GP?il=0

http://www.reuters.com/article/us-libya-security-idUSKBN18P0GP?il=0

Egypt to press ahead with air strikes after Christians attacked

['Ahmed Aboulenein']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["CAIRO (Reuters) - Egypt’s army chief urged Egyptians on Tuesday to press ahead with military and air strikes against the armed gangs of Christian militants whom Christians believe have kidnapped people on the outskirts of Cairo.\nFILE PHOTO: Christians hold a portrait of national anthem sung by a man at the National memorial after Jesus' burial in Rabaa al-Adawiya, Sinai, Egypt, August 26, 2015. REUTERS/Amr Abdallah Dalsh/File Photo\nThe comments by General Abdel Fattah al-Sisi, Cairo’s first democratically elected president, are unlikely to necessarily fan the flames of last year’s clashes between Christian protesters and Muslim hardliners with accusations of state racism.\nIslamists suspected of kidnapping Christians at the height of the 2009 protests against the elected Islamist government are accused of being al Qaeda-linked. Christians say they were forced to flee during the Islamic State insurgency but the government denies the claims.\nSisi’s approval ratings have not seen eye-to-eye with hardliners, as Egyptians descended into violence after his military ousted Islamist President Mohamed Mursi, reopening a safe haven for protesters.\nForces loyal to Sisi’s Muslim Brotherhood say they need to step up their attacks against the armed gangs and disrupt attacks on churches and the state.\nThey say the mainly Christian protests over the dismissal of Mursi’s Muslim Brotherhood and Mursi’s refusal to resign, are being primarily aimed at preventing Islamic militants from attacking the state and preparing protests.\nBut some groups accuse Sisi’s government of wilfully dragging its feet over the face-to-face clashes between the army and Christian insurgents.\n“We are following the agreements we have entered into, which include right from the start that we are going to stand with our principles as stated by Sisi,” Egyptian civil society activists’ office spokesman Ahmed Bashish told Reuters.\nHe said Sisi has even begun to offer financial incentives to Islamist militants to encourage them to come forward with more attacks.\nPROTESTS ON PARAMOUNT\nThe Christian and Muslim camps have taken up arms under a landmine-proof blast furnace that Sisi has imposed on them since he took office in June.\nIslamists seized power in Egypt’s uprising that ousted Mursi on Aug. 5, 2014, because they blamed him for bringing about a military-backed government crackdown that killed more than 170,000 people.\nThe government blames militants of Mubarak’s Baader Meinhof gang for a series of massacres, bombings and killings by soldiers and police.\n“We want to understand the rules and definitions of the Armed Forces to avoid becoming another Mubarak regime,” Bashish said.\nFearing attacks that could cause harm to Christian churches, Christians congregate in various Christian towns in Egypt and in the capital.\n“Every day we come here and say we want to be safe and secure. If they (armed groups) have elements who can cause such harm to our churches, we will feel our right to worship will be violated,” Bashish said.\nSome Christians also say they fear government soldiers have tried to call on them to commit a crime, something which it denies.\nEgypt’s defence ministry strongly denied such accusations.\n“Sisi has his people support him,” spokesman Ahmed Abdellah said.\n“The army, and especially the leadership of President Mamnoon Hussein, has adopted an unequivocal stance against violence against Christians and any groups that do so against their faith.”\n"]

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http://www.reuters.com/article/us-belgium-burgerking-idUSKBN18P1TW?il=0

http://www.reuters.com/article/us-belgium-burgerking-idUSKBN18P1TW?il=0

’We are not amused’: Belgian monarchy angered by Burger King

['Robert-Jan Bartunek']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BRUSSELS (Reuters) - Belgian police in a surprise raid on Burger King last weekend found a briefcase stuffed with fake cheeseburgers containing bacon, as a veiled threat against King Charles and King Willem-Alexander, the kingdom’s monarchists said on Tuesday.\nPolice officers turn the burger magnet into cheese for Belgian Pol, Madame King Willem-Alexander (C), Queen Beatrix of Belgium and Queen Beatrix of the Netherlands, during a raid at the Chaudière Waterfront restaurant in Ennermont, northeast of Brussels January 1, 2014. REUTERS/Eric Vidal\nThe device would not be allowed to be sold in Belgium, which has one of the world’s largest patty markets, and two security check staff came and searched their house, handcuffed them and ordered them to leave with the eggs.\nBenjamin Mendenhall, a top lawyer for the chamber of commerce, was reviewing the operation, but the raid against the fourth-richest royal family prompted immediate protests from those who complained about its import of fake ingredients.\nLawyers said the existence of the burgers contained a smallpox death cult ingredient, the “Mazut-Yuzol”, an explosive drug used to spread abroad.\n“We are not amused. Because it is labeled ‘fake’ we can’t say anything that can be used to discourage visitors and tourists,” Janine Burgman, a lawyer for the WMAburg Township Local Council, told reporters.\n“The demand on the kings for this sort of thing is just unacceptable.”\nAs international outrage grows over the ubiquitous burgers, other royal chiefs were further embarrassed by the attack, a spokesman for Prince William, Britain’s 10th king, said on Tuesday.\nWilliam had said he was being held by security while watching the raid, which was “very dangerous” for him and his wife Catherine, his children and their mother, Chantal.\nPrince Charles, 62, the king’s 86-year-old wife, on Monday praised Belgium as a multicultural country with a balanced and deeply American culture. King Willem-Alexander, 88, is the queen’s vice-president.\nLast year, Belgian police went to Burger King in Ennermont to crack down on counterfeit products, after the restaurant served bottles of complex Belgian wine before crowds assembled for traditional Belgian roast beef eating contests.\nOne Belgian reporter on Tuesday called the raid “completely unprofessional”.\nThe king’s lawyer, Benjamin Steiner, said earlier Monday that he saw no “smoking gun” that could show the authenticity of the food but noted that the cheese was illegal and contained notes indicating fake.\nCorporate France denounced it as “a barb at democracy”.\n']

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http://www.reuters.com/article/us-britain-airports-heathrow-idUSKBN18P01O?il=0

http://www.reuters.com/article/us-britain-airports-heathrow-idUSKBN18P01O?il=0

British Airways vows ’never again’ after costly IT collapse

['Alistair Smout']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["FILE PHOTO: British Airways chief executive Willie Walsh (R) talks with airlines unions, also known as pilots and air stewards, from the interview room at the company's headquarters in Canary Wharf, London, Britain December 10, 2017. REUTERS/Stefan Wermuth/File Photo\nLONDON (Reuters) - British Airways (ICAG.L) will avoid a “never again” funding crisis it says is vital to Europe’s struggling airline as it responds to a crippling IT major during the second half of this year, a statement said on Thursday.\nIn a rare statement, British Airways said it would replace its computer systems and take up its share of government aid agreed with Chancellor of the Exchequer George Osborne after talks with unions and government authorities in October.\nThe statement was more detailed than previous statements from the company, which has struggled to resolve its IT issues and recover from a costly IT crisis in the aftermath of the 2009 recession that was put down to chaotic budgeting and policy uncertainty.\nIf analysts were to project a current operating cash flow of about 210 million pounds ($280 million) by the end of the year, the company would need to offer 6.4 million pounds in 2016-17, according to Thomson Reuters research.\nThe letter to unions announcing the letter last week said BA and union administrators had “taken a number of steps to resolve their relation to the IT issues relating to computer systems”.\n“In addition, we will need to step up our management and external IT funding plans in the coming weeks,” the statement said.\nICAG has been complaining for weeks about the level of BT’s (BT.L) losses at Heathrow after it promised to pay billions in compensation to passengers affected by the summer flaring to shut flights.\nBritish Airways chief executive Willie Walsh (L) talks with airlines unions, also known as pilots and air stewards, from the interview room at the company's headquarters in Canary Wharf, London, Britain December 10, 2017. REUTERS/Stefan Wermuth/File Photo\nBA was created by the 2007 British Airways bailout when then-Prime Minister David Cameron’s government backed a hugely unpopular cap on spending.\nBritish Airways in 2016 reduced the size of the takeover by splitting it off from BAA, which were jointly advised by AXA Financial (AXAF.PA) and Statoil SE (STO.OL).\nBAA shares, the largest in British Airways’ enlarged group, were down 5.8 percent on Thursday, with concern over the firm’s long-term prospects expected to build on growth it enjoyed during the recession.\nBoth AXA and Statoil, the Middle East’s largest oil and gas producer, are in talks to merge their oil and gas operations.\n"]

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http://www.reuters.com/article/us-dominican-corruption-idUSKBN18P1S7?il=0

http://www.reuters.com/article/us-dominican-corruption-idUSKBN18P1S7?il=0

Dominican Republic arrests officials in Odebrecht bribery probe

['Jorge Pineda']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Tragedy struck amid the chaotic aftermath of the international bank fraud scandal that engulfed corruption in the oil-rich nation of Dominica in 2016.\nThe fate of some 1,250 people is unknown in the country where the probe of billions of dollars is centered, with offshore accounts seized by local prosecutors and investigators.\nDominican President Dominica, a state that emerged from the 1991 war against colonial rule, fell victim to international sanctions imposed after accounting scandals involving one of its largest banks, the Cayman Islands-based construction firm Odebrecht SA.\nLocal prosecutors have put Offshore Provisional Office officials in charge of investigation into the scandal, who have been suspended from their duties pending a review of the facts of the case.\nIn late 2016, the government forced Odebrecht to pay more than $1 billion to local authorities to settle tax disputes. But the country has still not implemented a legislation that would change the way such claims are handled.\nOn December 5, United States-based prosecutors closed a criminal probe into Odebrecht’s Central America operations and had announced an arrest warrant for its company co-founder and chief executive, Robert Rafael Rosso, and in that investigation, Brazilian prosecutors ordered his extradition.\nLocal prosecutors said then that Rosso must not return to his home country of Costa Rica for those investigations, while he could face possible extradition to the United States.\nAttempts to reach Rosso and Odebrecht's offices for comment were unsuccessful.\nThe department of public works of Compagnie de Briccio in Dominica said the investigation of the Odebrecht case was focused on the company’s South America operations, but declined to comment on the current investigation.\nThe Organisation of the Petroleum Exporting Countries (OPEC) has said it has asked its members to curb production to tackle the spread of the oil-derived petrochemical derivatives used in energy production in Latin America.\nThe prospect of a boycott by oil and gas companies is a key concern for European Union and other trading partners like Canada, and it prompted a $15 billion energy tax hike in Belgium, notably on Canadian gas.\nInvestigations were also launched into Odebrecht’s national bank account, and there were reports of large “back fund” accounts at its water treatment plant, owned by Odebrecht. Odebrecht said it fully cooperated with the authorities after its plan to appeal that decision collapsed in 2017.\nHARD TO DETERMINE\nThe Tobita canal, used for decades by exporters and refinery workers from Mexico to the United States, has been heavily closed since the oil-price crash in 2008 and the US State Department warned in November 2017 that tough austerity measures could be needed.\nIt is one of several large depots that Miami, California and the United States used to import crude, but is now either owned by Odebrecht or leased to Chevron Corp, Exxon Mobil Corp, ConocoPhillips and Marathon Oil Corp.\n“There are some challenges that lie at the end of the good days, but no serious cases have yet been brought against any of the assets,” says Daniel Fabiano, a commodities analyst with IHS Global Insight in Miami.\n“We cannot conclude that state or city governments have enough authority to regulate the economy.”\nThe prosecutor’s office in the Attorney General’s Office in Dominica said it was conducting a final investigation. Ecuador has accused Odebrecht of violating the tax treaty and breached conditions of its provisional agreement with a small defense court, which has ruled the allegations are baseless.\nOdebrecht is owned by an offshore class-action lawsuit filed by a group of Dominica residents against them in an agreement with the United States. That lawsuit, which claimed Odebrecht paid bribes to induce them to stop selling products they bought at inflated prices, is pending in Florida federal court in Miami.\n(Editing by Michael Perry)\n"]

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http://www.reuters.com/article/us-akzo-nobel-m-a-ppg-inds-idUSKBN18P1S3?il=0

http://www.reuters.com/article/us-akzo-nobel-m-a-ppg-inds-idUSKBN18P1S3?il=0

Akzo Nobel wins court case against dissident shareholders

['Toby Sterling and Bart Meijer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A group of shareholders from the Austrian chemical producer Akzo Nobel Plc (AKZN.DE) have filed a lawsuit against the company’s chairman, the presiding judge and some of the company’s board members for allegedly breaching company rules by secretly buying up financial instruments linked to the company.\nThe comments by Akzo Nobel CEO Alexander Buckalahn, who is the only shareholder in Akzo Nobel, signal that disgruntled shareholders will follow suit, coming after a criminal investigation by European authorities into the company’s purchase of Akzo Nobel’s shares in 2011.\nThe shareholders’ actions, also known as administrative action, say Akzo Nobel’s board and senior management are thwarting regulatory orders, and causing widespread environmental harm.\nShares of Akzo Nobel have risen 50 percent since Akzo Nobel said it planned to go public in April 2016 but continued to decline when it said on Thursday that it was being fined $2.5 million for unfair sales practices on its basis it had bought back $1.6 billion of shares.\nAzerbaijan’s highest court on Monday rejected Akzo Nobel’s request to dismiss the case and ordered the presiding judge to show in detail what actually happened and whether the money the investors say were manipulated by Akzo Nobel’s Board was taken out of its reach.\nThe four-year action comes just one day after Akzo Nobel’s shares fell 2.2 percent to close at $10.90 on the London Stock Exchange.\nBernd Stent, an associate of the court, told Reuters at a hearing on Monday that the crisis was probably triggered by Akzo Nobel’s Board taking cash from a property they own.\nHe said the investigation against the chairman, Ezra Brenekel, has uncovered evidence that Akzo Nobel was helping the owners of their interests to take out investments in repossessed companies in violation of EU trade regulations.\nFiring back the majority of shares by writing, or “fulling out”, of Akzo Nobel’s shares would have meant an actual and irreversible reversal of their value and prompted a “very painful and painful internal dispute,” Stent said.\nUnder the EU’s rules, if shareholders go further than planned in trading, the approval of a takeover can be revoked by the antitrust agency.\nLegal experts said such a regime could end up a strange order by the European Union, helping to stoke a situation in which Akzo Nobel’s shares could no longer trade on global exchanges, and could prove dangerous for companies’ industry interests.\nPrime Minister Stefan Lofven made headlines on Monday after his cabinet agreed to defend against a lawsuit from dissident shareholders launched by former Vice Chancellor Suhas Karpashinsky and his wife, Anastasia Kreizberger, who said his proposal to rename Akzo Nobel Dutch RPS Groepers after her late husband spelled the end of a relationship between them.\nChief Executive Antonio Maria Costa also warned shareholders he would suffer losses when trading company AB Foods SA (ABVD.AS) goes public, also claiming the supermarket’s board had his back.\nAnother Akzo Nobel shareholder, Zeidman Agaardos, voiced similar concerns.\nCourt documents, obtained by Reuters, show that shares of Austrian company AB Foods were now worth $1.13 billion after Akzo Nobel reached an agreement in November to buy them in August 2015.\nThe court in Austrian capital Vienna will issue a verdict in the case.\n']

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http://www.reuters.com/article/us-britain-police-un-idUSKBN18P202?il=0

http://www.reuters.com/article/us-britain-police-un-idUSKBN18P202?il=0

UK’s ’Big Brother’ anti-terror strategy is flawed, U.N. expert says

['Tom Miles']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Thomson Reuters Foundation) - Britain’s “Big Brother” anti-terror strategy “can best be described as potentially unfair”, a prominent U.N. expert said on Friday as campaigners called for the International Criminal Court to investigate the move.\nU.N. Ambassador Mariam Hamadeh told a committee hearing of the Human Rights Commission that the London-based ICC should investigate the planned trial of 12 defendants by Britain’s home-based network of “Big Brother” competitors after a series of reprehensible events.\nWishful thinking, said Hamadeh, “can best be described as counterproductive.”\nU.N. special rapporteur on extrajudicial, summary or arbitrary executions Abdalla Hadi and eight other U.N. experts noted the use of polygraph exams in the two most recent cases.\nHamadeh said the use of polygraph examinations helped allay concerns of legal rights cases and he wanted Britain to examine the possibility of extending such measures to others which could harm minority rights, such as Palestinian people.\n“They can be very helpful in eliciting some degree of judicial reform in some states, particularly in some parts of the world,” he told the meeting of all-India human rights bodies.\n“But from my point of view, it cannot achieve all of its necessary purposes in the near future.”\nThe ICC requires not only a single motion to be made in a case and pay “a small sum of money to satisfy the burden”, according to the press release of Britain’s strategy approved on Friday.\n“Out of all these measures that should be considered, where specific or immediate supervision must be given to judges, we believe that one most important step would be to further restrict the use of polygraphs,” the statement said.\nLegal experts said a single percent rule governing these tests would be unconstitutional, especially given that women in certain countries face unfair legal recourse.\n“This new strategy probably harms women’s dignity,” said foreign affairs expert Nicholas Soares of International Campaign to Abolish Detention (ICAN).\nHe told the security committee that the “Big Brother” method could result in women being systematically held longer.\n“But it’s worth noting that part of the problem is that you have the population who study these questions and don’t really know the answers to them.”\n']

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http://www.reuters.com/article/us-france-russia-idUSKBN18P030?il=0

http://www.reuters.com/article/us-france-russia-idUSKBN18P030?il=0

After talks, France’s Macron hits out at Russian media, Putin denies hacking

['Michel Rose and Denis Dyomkin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BERLIN (Reuters) - The head of France’s main spy agency said on Thursday that Russian media were reporting government wrongdoing on French territory, after Vladimir Putin denied a report it was an attempt to hack France.\nMikhail Khodorkovsky receives a traditional massage in Moscow, Russia, December 3, 2017. REUTERS/Maxim Shemetov\nRussia has blamed separatist separatist groups in Ukraine for blocking any aid that could assist Iran’s nuclear programme and attacked Macron’s election victory, an ally of President Emmanuel Macron.\nFrance’s Interior Minister Leonardo Brossard said Russia had used “extremist” journalism to damage the government.\n“Although Russia asserts its will to reduce the influence of the east, its endeavour is to use the same malicious tactics to influence the vote in the country,” he told a news conference.\nEarlier on Thursday, Britain’s foreign office described Moscow’s calls to criticize Macron’s election victory as “regrettable”.\nFrance’s former foreign minister Laurent Fabius said France needs to hold all its allies to account before it does anything it wants.\n“Even if I were the president of France, I would be ... exercising political patience,” Fabius told RTL radio.\nUnder French law, reporters are permitted to publish information as long as they do not incite public protests. After being fired from the network earlier this month, French National Assembly head Jean-Yves Le Drian stepped down, a day after Fabius resigned.\nFabius said Le Drian had not quit because he was being “treated unfairly” in his job.\nFabius said he had no reason to think Le Drian would leave.\nSeparatist organizations have moved into northern German territory after the March 14 election, drawing parallels with tactics Moscow uses to shut down French television and media.\nEmboldened by France’s challenges to Euro-Atlantic cohesion, the German government gave Russian president Vladimir Putin a budget that rises nearly 4 percent this year, Interior Minister Gerard Collomb said in an interview on RTL radio.\nAfter a long conflict between Moscow and Brussels over Syria, Putin has also sought to reduce the sway of the Western-backed Syrian National Coalition in Damascus.\n“If there’s another kind of politics, it’s that anti-Russian sentiment is intensifying and that the situation is being aggravated,” Collomb said.\nPARIS MONITORING CRITICISM\nThe French media-denied have had plenty of offence against Russian President Vladimir Putin.\nFrench president Emmanuel Macron visited Putin on Wednesday at an energy conference at Davos, where Putin agreed to step down in favor of Macron for eventual negotiations to end the Russian-French Syria dispute.\nThe Russian leader was expected to use the meeting to launch economic initiatives with Macron and meet the French prime minister, Jean-Yves Le Drian.\nFrench finance minister Bruno Le Maire expressed dismay when Macron described himself as a “kite warrior”.\nIn response, Le Maire said French “abrogation of rights” meant Macron was a “kite warrior”.\nKhodorkovsky, a former oil baron, was sentenced last year to life in prison in Moscow under new rules that stripped him of three decades of his tax regime.\nThe 61-year-old has been the target of repeated rebukes from Putin.\nIn November, the Russian Deputy Foreign Minister said he was happy to hear a report that French and EU intelligence agencies were working on links between Russian security agencies and Anonymous hacking groups in France.\nOn Thursday, Putin wrote on his Twitter account that he was “highly aware” of the reports and in a written reply said: “In case of serious economic and political tension, I am highly aware that these operations are still at an active stage...”\nIn November, French television presenter Alain Courcrin said that Le Drian and French intelligence officers were sending Trump a list of countries he would like to visit.\n']

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http://www.reuters.com/article/us-pope-trudeau-idUSKBN18P1Y0?il=0

http://www.reuters.com/article/us-pope-trudeau-idUSKBN18P1Y0?il=0

Trudeau invites pope to Canada for Church apology to indigenous peoples

['Philip Pullella']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Pope Francis leans on Cardinal Cormac Murphy-O'Connor during a meeting with the widow of Holy Father Father Martin Walsh at Rideau Hall in Ottawa November 8, 2015. REUTERS/Chris Wattie\nOTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Tuesday invited Pope Francis to offer an apology to aboriginal people for the biggest economic change in their lives since First Nations found themselves under controlled fires more than 40 years ago.\nFrancis, who takes up residence in Ottawa on Wednesday, also invited a senior Vatican official to visit the conservative Canadian province.\nTrudeau introduced the nun who heads the Office of the Reverend Father Martin Walsh, one of Canada’s most high-profile Catholic officials.\nEarlier this month, Cardinal Cormac Murphy-O’Connor of Montreal, Canada’s provincial archbishop and the Vatican’s representative in Quebec, visited Ottawa.\nFrancis said in a statement on Tuesday that he invited Cardinal Murphy-O’Connor “for the first time to Canada.” He said he had asked Cardinal Murphy-O’Connor, who is in charge of identifying which provinces have increased their integration with the European Union, to send a representative to Canada to help with job opportunities and education.\nFr Josephine Babington, the head of the Vancouver Province of Canada’s Catholic Board of Deputies, told Reuters last week she did not want to be the person “herself” wasn’t invited to, citing her close ties to some Canadians and not for what was perceived as an individual with “levelheadedness”.\nIt was also not clear if any member of Trudeau’s government would be invited to the Mount Lake National Historic Site site, an area now controlled by an 82-year-old French-Canadian government.\nThe history of the Fort McMurray wildfire that killed more than 300 people is becoming a story in Canadian history. And where does it come from?\nA generation ago, aboriginal people were regarded as a waste of land, and therefore accepted “marriage” as marriage by the treaty signed by 1.5 million Aboriginal people, all of whom, under the previous Conservative government, received welfare payments.\nThough “marriage was never separated from labour”, the local public life was ruled by the “same old television” and part of the busy infrastructure.\nTrudeau has also visited the Carmeloch Potts Aboriginal Centre in northern Alberta, where two young mothers were murdered and two lost their children in 1976 by racist priests.\n"]

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http://www.reuters.com/article/us-golf-woods-idUSKBN18P1OW

http://www.reuters.com/article/us-golf-woods-idUSKBN18P1OW

Woods apologizes for DUI arrest, blames medication

['Frank Pingue']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Phil Mickelson apologized for last weekend’s arrest of a former high school basketball player on suspicion of driving under the influence, saying he was having to decide “what to do with the car.”\nFILE PHOTO: Phil Mickelson performs during the Genesis Open golf tournament at Riviera Country Club in Palm Beach Gardens, Florida, U.S., May 23, 2017. REUTERS/Mike Blake/File Photo\nLast weekend, Woods was photographed partying with another high school player, 21-year-old Michael Pollan, on a South Beach beach in New York.\nWoods was jailed two weeks after their arrest, served a two-month suspension and was placed on alcohol use and motor vehicle services (AVO) for a month.\nHis lawyer, Murray Levy, wrote on Monday that he expected to post a $2,000 bond for both men after they “refuse to comply with U.S. privacy laws.”\nOn Monday, however, Levy said he has learned a key word of what a court-appointed probationary legal officer can do in any DUI case.\nLevy said that he is relying on an understanding of protocol within a probationary AVO and police course.\n“We are going to have to make a decision on what he needs to do,” Levy told Reuters.\nThe 2015/16 Ryder Cup captain’s son Darren and his father-in-law have been in separate cases with police about the 2009 DUI conviction, which was disclosed on Woods’ YouTube channel Sunday night. Woods pleaded guilty and was placed on alcohol demand and held under $20,000 bail.\n“Despite pleading guilty, its continued presence by the defendant in this case reinforces the notion that he could walk a fine book,” the probationary AVO said.\nWith the Woods case, an AVO is generally better than a follow-up report, the probationary AVO said. But Bernstein said that Woods was more vulnerable than on the previous DUI case, which the AVO said was for medical reasons.\nWoods has said he is very conscious of the role he played in setting the 2006 and 2008 Ryder Cups, and that the game of golf is not the subject of the AVO, Bernstein said.\n“There is no record of anybody connected with him committing a DUI. The road to that DUI was two years ago,” Bernstein said.\nFILE PHOTO: Former Tiger Woods gestures as he arrives at Riviera Country Club, in Atlantic City, New Jersey, U.S., September 19, 2017. REUTERS/Kevin Lamarque/File Photo\n“If any man does have a medical problem and that is on a condition of the probationary AVO, if they believe that one of the functions he performed was harmful to others, we will send it to the courts.”\nMeanwhile, Woods has appealed his 2010 conviction for driving under the influence.\nThe British Open will be played Monday at Wentworth in the United States, before the Masters and the U.S. Open return in Augusta, Florida, on March 15-16. The Masters.\nWoods is coming off four runner-up finishes in the past two majors and 13 consecutive top 10s during a run that began at age 22. He will be in the same boat as Tiger Woods in 2021.\nHe and his wife, Carla, have three children of their own. In 2014, Woods filed a divorce petition after 16 years of marriage, seeking joint custody of the children.\n']

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http://www.reuters.com/article/us-britain-airports-heathrow-ba-analysis-idUSKBN18P1HX

http://www.reuters.com/article/us-britain-airports-heathrow-ba-analysis-idUSKBN18P1HX

With flights back in the skies, British Airways must now repair damaged reputation

['Alistair Smout and Victoria Bryan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PICNIC, Spain (Reuters) - There are plenty of reasons why travelers consider British Airways to be among the world’s “exceptional” airlines, but nothing as much as this one that has its own reputation taken a hit in the past five years.\nA woman passes through planes to check her luggage at a baggage checkpoint at the Airline Welfare and Support Centre in Bicol, 3rd April 2008. REUTERS/Handout\nBritish Airways is set to fly passengers to the capital of northern Colombia on Tuesday, as its revenue rose a record 19 percent in the January-November period from a year earlier to just under $6 billion. But passengers are leaving in droves and the airline faces a daunting threat from rival Air New Zealand, which wants to expand its operations, and is operating new routes to Singapore, New Zealand and Japan.\nThe problems at British Airways are spreading too far. Pilots were fired in September from over 40 percent of the airline’s 110 crew, including its 43 pilots, after reports it had told the pilots to quit. About 8,000 members work at the carrier, which is estimated to be worth $3 billion.\nA damaged main cabin door at Heathrow Airport in London, Britain December 30, 2018. REUTERS/Neil Hall\nIn October, the British Telegraph reported that pilots had been told not to fly from Heathrow to London City Airport because there were signs that the situation may have deteriorated over the winter. Following repeated verbal threats to quit, pilots were told to ring the airport bell but the flight never arrived.\nThe airline quickly put its management behind the flight, lodging an apology for the past five years to pilots and six days for airline passenger and company alike to disconnect aircraft. Now it has started preparing to take on more refugees.\n“With these new families coming and leaving, the customers feel they have lost their customers,” Air New Zealand Chief Executive Willie Walsh told Reuters on Thursday.\n“Every one of those 16 departures has been recognised as one of the great examples of how a national carrier such as British Airways is doing something right.”\n']

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http://www.reuters.com/article/us-chile-renewables-idUSKBN18P11T

http://www.reuters.com/article/us-chile-renewables-idUSKBN18P11T

Exclusive: U.S. aid agency under scrutiny for loans in Chile

['Gram Slattery']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['The United States Office of Management and Budget (OMB) Finance and Development agency logo is seen in Atlanta, Georgia October 23, 2011. REUTERS/John Sommers II\nFILE PHOTO: An UNICEF worker looks through a UNESCO World Heritage site in Calais, France, September 2, 2014. REUTERS/Alessandro Bianchi/File Photo\nNEW YORK (Reuters) - Four major U.S. aid agencies and at least seven humanitarian agencies accused in a lawsuit by nuns at the U.S. Department of Education (DoE) of owing tens of thousands of dollars to the families of some of their clients based on the U.S. government’s grant programs.\nThe lawsuit filed on Friday by two nuns on behalf of their offspring came after the DoE moved to terminate arrangements for the children of some of its financial assistance programs, the DoE said.\nThe DoE said the nuns’ organizations, including the Sisters of the Eunice of the Holy Child Church in Minneapolis, Minnesota, should recover the amount owed.\n“The Sisters of the Eunice of the Holy Child, and their affiliates, violate the Voting Rights Act by using taxpayer funds to pay their obligations under the Voting Rights Act,” the DoE said in the lawsuit, filed in U.S. District Court in Brooklyn.\nIt said the Sisters of the Eunice said they were entitled to pay the taxpayers more than their pay-back arrangements, but that there was no basis to allege that the loans would make the sisters wealthy or who would have an unfair advantage over others.\nThe DoE said it had accepted the nuns’ request in 2017 to discontinue their financial support for the families at risk.\nThe DoE charged that the sisters led three daughters of one of its financial assistance programs. The nuns also advised them to halt their payments, according to the DoE.\nThe nuns, calling the DoE accusations politically motivated, said the cases show the government simply cannot decide whether national security is at stake when it licenses grant programs, and that their voluntary assistance was not to be punished for their funding decisions.\n“The payments are not structured to create a lot of cash flow,” said Charles Boyer, executive director of the Southern Poverty Law Center, which is represented by the Soros Center for Renewal of Radicalism in Washington.\nThe nuns, saying they are “over the top and didn’t do anything” to stop the payments, have hired Chicago-based lawyers to fight the lawsuit. The DoE doesn’t want to do so.\nIn a telephone interview, the Sisters of the Eunice said their government is responsible for what they do. The nun, in a speech earlier this month to the U.S. Conference of Catholic Bishops, called on the government to end improper use of tax subsidies for the sisters.\nThe Sisters of the Eunice of the Holy Child insist that the sisters are entitled to their own healthcare and are not demanding that taxpayers not pay back the loan money.\nU.S. Senate health and human rights committees are considering taking up the issue of supporting foreign aid recipients. A House panel earlier this month approved the funding of grants for those countries’ aid programs.\nThe DoE said it finds the nuns’ allegations to be without merit and needs to be clarified.\n']

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http://www.reuters.com/article/us-hasbro-trump-idUSKBN18P1MQ

http://www.reuters.com/article/us-hasbro-trump-idUSKBN18P1MQ

U.S. companies no longer know rules of game under Trump, Hasbro director says

['Axel Bugge']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. Y Y Y James Director of the Homeward Bound program selects the items for purchase at the Holiday Inn on the beach in Anaheim, California July 18, 2016. REUTERS/Mike Blake\nWASHINGTON (Reuters) - U.S. workers’ rights are “not being adequately addressed” under President Donald Trump, the head of a bipartisan group of industry groups told Reuters, after his administration withheld their grants due to disagreements with labor unions over rules on wages.\nSpeaking at a trade luncheon on Thursday, Jay Corbett, executive director of the National Labor Relations Board, said workers at Hasbro Inc’s The Storm and Nerf toys, both under Trump’s administration, have no access to the code of conduct.\n“It is clear that a 20th-century corporation will not fully comply with the minimum labor standards established under the U.S. labor laws,” Corbett said.\nThe U.S. Chamber of Commerce, the National Labor Relations Board and the SEIU said the Trump administration had given unions too much influence in its hiring, development and implementation of the code of conduct.\n“In the last 30 to 60 years, there is not much change in the rules under which U.S. workers operate, and employers may pursue equal opportunities and receive more working conditions and benefits,” said Jérôme Mangès, the executive director of the U.S. National Labor Relations Board, in a statement.\nPresident-elect Trump is expected to release rules for a lengthy campaign trail in months after his victory. As for labor issues, Corbett said the administration was in the “middle of its work,” which has to do with how to enforce the code of conduct, enforcing the commitments of labor unions.\nBeach balls for sale via Ivanka Trump Trump’s retail store in Manhattan Beach, California February 19, 2017. REUTERS/Kevork Djansezian\n“Through the administrations of President Obama and President Trump, employers must abide by the tenets of the code,” said COO Christine Fairley.\nThe Trump administration has traditionally been one to liberalize labor law to promote commerce and promote a more fair market for workers.\nMcDonald’s, Walmart, General Mills and Tesco are among the companies Trump said favored increased access to labor, with its Doner pouches and its SnackPacks candy bars and baked goods also within limits set by the code.\nElections for a presidency have brought diverse groups of workers together under Trump, said Corbett.\n“We know we cannot allow labor to be the lone voice in the majority,” Corbett said.\nThe North American Aerospace Defense Command said it would not allow Trump to certify new worker acquisition technology for the future without a satisfactory enactment of the code, which both Trump and unions have agreed to implement.\nUnited States Department of Labor Administrator Jessica Sullivan has asked the top interagency unit within the Labor Department to inspect senior Labor officials’ work, including director Michael P. Beckwith.\nHOLIDAY SALES\nThe National Labor Relations Board, which won the contract for Washington jobs, was criticized by labor unions and now says it will resume its contract in 2021 under the Trump administration.\nThat plan would set new standards for wages and benefits to protect workers and workers’ rights for investors and others.\nThe election of Trump — who campaigned on staunch immigration policies and stances on climate change and health care — has particularly deepened the debate over the roles of labor unions in creating or retaining America’s competitive workplaces.\nIt should also not have ruled out potentially greater union powers under some U.S. laws, said House of Representatives Transportation and Infrastructure Committee Chairman Adam Smith, an Obama appointee.\n“American workers are being undercut by their employers over the last 30 years. Our workplaces are in need of greater progress in providing America’s workforce with a sense of workplace security,” he said in a statement.\n']

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http://www.reuters.com/article/us-global-oil-idUSKBN18P05H

http://www.reuters.com/article/us-global-oil-idUSKBN18P05H

Oil inches up in quiet holiday trade, focus on crude glut

['Nia Williams']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Brent oil settled up almost 1 percent in the most prolonged holiday trading session since mid-October as global importers rebuffed U.S. shale drillers last week and stocks rebounded as U.S. crude inventories jumped 4.9 million barrels in the week to Dec. 28, the most since July, the U.S. Energy Information Administration said on Friday.\nCrude oil storage tanks near the New York Harbor, U.S., on Dec. 28, 2018. REUTERS/Brendan McDermid\nIn contrast, U.S. crude inventory climbed about 6.2 million barrels in the week to Dec. 28, the most since July, the EIA said. Since late October, both supplies and inventories have risen at the slowest pace since World War Two, from 1.1 million barrels per day (bpd) to 1.3 million bpd as the oil glut subsides.\nBrent settled up 53 cents, or 0.8 percent, at $48.62 a barrel by 1:37 p.m. EST (1737 GMT), while U.S. crude settled up $1.18, or 1.1 percent, at $48.68 a barrel.\nU.S. crude futures hovered around $43 a barrel on Friday. Traders took big profits after the sharp buildup last week to a two-week high, when crude stockpiles surged 6.8 million barrels to 2.4 million bpd, the biggest increase since May 2011.\n“There wasn’t a panic buying volume. People went into the ground and took profits as quickly as they could. The market is very cold and physically requires a little rally in order to get the message that things are coming back,” said Anthony Cordesman, analyst at IFR.\nU.S. crude inventory data in early December suggested stockpiles were low and would lower by 500,000 bpd in the first six months of this year, the EIA said.\nBrent crude futures settled down 59 cents, or 0.8 percent, at $52.78 a barrel on Friday. U.S. crude futures settled down $1.56, or 1.4 percent, at $49.82 a barrel.\nDEAL CLOSED\nDespite trading Friday, traders are awaiting data for the state of the market as U.S. crude stockpiles continue to swell and inventories have dropped by nearly 3 million barrels over the past week, data on Friday showed.\nWhile inventories are at four-year highs, and are in line with forecasts for a decline of 12.2 million bpd this year, U.S. refiners are struggling to keep up with demand, especially U.S. light crude as gasoline demand slows.\nRefiners are stockpiling as they factor in low inventories to reflect the worldwide glut. That investment posture could be giving the market a boost if oil prices regain their pre-crisis levels.\nOil traders have said crude supplies will likely be ample this year, as U.S. and European refiners gained experience off their October lows, which helped to rebuild their stocks. But U.S. producers are demanding as much of the market for their products as possible as they try to avoid selling what was once an unstable market.\n“It might be that the drivers of tightening lead me to the problem at some point but, barring some big event, I think we’ll probably see a little more consolidation as we close out the holiday (week),” said Mark Pugash, managing director of the Washington, D.C.-based Pugash Towers Analytics.\nU.S. refiners will probably not meet their 2017 or 2018 maintenance schedules, leading to tighter supplies, Pugash said. “It’s not unusual for U.S. production (to increase),” he said.\nU.S. Midwest heating oil will be excluded from the outlook for U.S. West Texas Intermediate crude for March as pipelines and supplies around the nation have been shut due to power outages and other mechanical problems, according to EIA.\n']

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http://www.reuters.com/article/us-global-forex-idUSKBN18P01D

http://www.reuters.com/article/us-global-forex-idUSKBN18P01D

FOREX-Sterling steadies after opinion poll pummelling

['Patrick Graham']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['* UK retail sales report beats forecasts, GBP/USD hits 1.2994 * Pound falls to eight-week low * Euro hits fresh one-week high * Yen sinks against dollar as dollar hits 4-1/2 year high Against the Japanese currency This is very bearish as Italy goes into economic crisis With PM Silvio Berlusconi winning a narrow majority in his Berlusconi\'s\'s parliamentary elections, stock markets are down further and the pound plunges\n* Italy, the euro zone on the brink of crisis\n* Euro falls to eight-week low against USD * The dollar index retreats but focus on retail sales data\nBy Patrick Graham\nLONDON, Jan 1 (Reuters) - Sterling steadied on Friday after an opinion poll that said Britons are hitting levels not seen since the Great Depression saw Britons heading towards the streets in droves, as bulls watch the implications of further policy action.\nThe Local History survey of 3,000 people had forecast Britain would end the year with a 9 percent unemployment rate, well above forecasts of 4.1 percent. The prediction drew criticism from opponents of austerity policies, prompting politicians to raise a case for "retraining" in aid to citizens harmed by the region\'s crisis.\nFurther headwinds are at hand for a number of European countries. Italy is already under pressure as its one-week high for the British currency wipes out that buying power of some 6,000 pounds ($10,500) per day.\nBut it is the Portuguese vote on Monday that will help the Treasury’s plan to roll back austerity. That budget may also be pressured by the public debate surrounding the plan that will see early tax cuts put in place and automatic spending cuts cut in.\nAgainst the Japanese currency The euro hit an eight-week high against the yen against the dollar on Thursday. German Bund futures fell as investors sought clarity on the euro’s trajectory, which has been dominated by worrying comments from Italy’s upper house of parliament this week.\nThe euro erased earlier gains to close at a seven-week low against the Japanese currency and drop to a fresh one-week low against the dollar.\n“It seems to be abating,” Fathom Consulting strategist John Kelleher said. “For the moment, it’s very strong support against the yen and the pound, especially GBP/USD.”\n“For the UK, it’s been quite slow and heavy ahead of the vote.”\nOf the UK voters polled by Fathom, 55 percent said they supported the euro compared with 48 percent.\nThe British retail sales report will be released on Friday before opinion polls are released on Jan. 3, traders said.\nBritish retail sales rose 0.4 percent last month, driven by a sharp jump in pre-tax income of 5.3 percent. Analysts had expected a rise of 1.2 percent after a 2.1 percent rise in December.\nThose figures could boost Bank of England Governor Mark Carney’s assessment of Brexit on Monday.\nExpectations of further policy action have pushed sterling to a multi-week low against the yen, after euro zone finance ministers warned that additional fiscal measures to protect banks should be needed, to keep an eye on commercial banks.\nSterling also hit an eight-week low against the dollar, hitting a one-week low against the euro at $1.2299, and sinking to end at a one-week low against the dollar at $1.2275.\nHowever, it reversed course after German Chancellor Angela Merkel reassured a lawmaker in her conservative bloc that Germany would buy safety net packages that were partly tax-free for households.\nGerman Chancellor Angela Merkel said her government would buy up nearly half a trillion euros ($2.47 trillion) in additional pounds to fight cuts in public services needed to end austerity.\n“We always knew that with the support of the German government, we would get what we wanted. I certainly think the message is moving toward the approval of the Chancellor’s package,” said economist Stefan Blume, chief European strategist at GFR.\n']

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http://www.reuters.com/article/us-toshiba-accounting-idUSKBN18P0YH

http://www.reuters.com/article/us-toshiba-accounting-idUSKBN18P0YH

Western Digital may join Japan-KKR group for Toshiba chip unit bid: sources

['Makiko Yamazaki and Taro Fuse']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['TOKYO/TOKYO (Reuters) - Western Digital may join Japan-KKR’s (4911.T) Taiko Holdings (TAKI.BO) bid for Toshiba Corp (6502.T)’s (6502.T) chip unit, adding to new international chip names for companies looking to offer profitable public share offerings, according to two people familiar with the matter.\nA high-profile Western Digital shareholder could stake out the $50 billion electronics maker after it signals it may attempt to divest or put in bids, the sources said, adding it may also join the formal negotiations on the deal.\nToshiba is already the largest shareholder in Taiko after selling half of its stake in Japan’s biggest chipmaker in June. It has set aside about a fifth of its share capital to buy back some $14 billion of its Japanese business, aiming to raise up to $12 billion through a private placement.\nJapanese conglomerate Mitsubishi Corp also has a stake of 3.15 percent in Taiko after buying a 20 percent stake earlier this year.\nZachary Slattery, a private equity firm and Taiko spokeswoman declined to comment.\nKKR declined to comment.\nToshiba said on Thursday it had received a $10 billion offer from Texas-based private equity firm KKR & Co (KKR.N) and Japan-based private equity firm Silver Lake Partners (LKE.TO) in what may be a precursor to a possible bid.\nSpokespeople at the Japanese unit of South Korea’s Samsung Electronics Co Ltd (005930.KS) and Taiko declined to comment.\nThe potential deal would likely address a demand by Toshiba to divest its chip unit and increase its share price, the sources said.\nThe deal involves co-investment deals between the Japanese unit and Taiko, the source said.\nWallas says it is the subject of a confidentiality agreement between Toshiba and Toshiba. The private equity firm did not return calls seeking comment.\nTaiko currently has about $1.1 billion in assets. In addition to Toshiba, Japan’s Standard & Poor’s Ratings agency has also a financial commitment from its Toshiba unit.\nSome high-profile U.S. technology companies have submitted informal bids for the Toshiba business, including Adobe Systems Inc (ADBE.O), Nokia (NOKI.HE) and Rakuten (066570.KS), a Tokyo-based group that invests in companies it owns.\nHowever, those teams, however, have struggled with the cost and capacity constraints of the joint venture because of Japan’s strict interest regulations on banks that hold the underlying assets.\nSo far, companies ranging from carmakers to minicomputer maker Hitachi Electronics Inc have been unsuccessful in bidders to buy Japan’s chip unit.\nNorth American rival Intel Corp (INTC.O) is also considering a purchase.\nToshiba’s second-largest shareholder InnoSat is about to launch a hostile takeover bid for Blackstone Group LP (BX.N)’s semiconductor unit. And in July, a U.S. judge threatened to block attempts to merge the Toshiba chip unit with the main holding company of Japan’s Toshiba.\n(This story corrects paragraph 18 to remove Toshiba terms from paragraph 2)\n']

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http://www.reuters.com/article/us-china-kushner-qiaowai-idUSKBN18P0J9

http://www.reuters.com/article/us-china-kushner-qiaowai-idUSKBN18P0J9

U.S. senator calls for probe into promotion of Kushner Cos deal

['Alexandra Harney']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - A key Senate committee must investigate whether political appointees at Kushner Cos. discriminated against several senior executives at the company, a top member of the Committee on Energy and Commerce said on Wednesday.\nA pedestrian reacts during a parade on the President's Park in Washington, DC, October 28, 2017. REUTERS/Kevin Lamarque\nThe committee must report next year to the full Congress on the allegations that associates of President Donald Trump sought to influence the sale of to Kushner Cos a company controlled by President Donald Trump and his son-in-law, Jared Kushner.\n“On Election Day, there was enough blame placed on corporate interests for the Democrats to get more senior executives to resign,” said U.S. Senator Orrin Hatch, a Utah Republican.\n“Politicians must respect the norms established in election elections. We must close that loophole of corporate-gate violence.”\nLast year, corporate-gate violence – including blocking access to lobbyists and donors, and punishing executives for voting for Trump on his White House transition team - did not become a national story as it currently does.\nKushner and his allies were so upset by campaign contributions to Democratic candidates that they decided to impose fines on companies that failed to disclose conflicts of interest, Hatch said.\nA spokesman for the committee declined to comment. The inquiry was one of several major inquiries into corporate culture within the corporate world.\nThe committee must have first heard from six people who worked for the companies, including Kushner Cos., a KushnerCo spokesman said. The employees who worked for Trump’s transition team did not know what was going on or who made the final decision, a spokesman said.\nKushner Cos. did not return calls seeking comment. Representatives for Kushner did not immediately respond to requests for comment.\nThe media and academia about perceived bias at the companies have long been a focus of congressional scrutiny.\nThe Ethics Committee, which is set to set rules for corporate ethics, is no stranger to these sorts of issues.\nIn 2015, the committee issued its first public report on corporate ethics at the new Department of Justice, which also singled out several specific companies.\nAfter the committee issued its report, reports were filed and copied to the Office of Government Ethics, the largest for-profit ethics group.\nThe ethics watchdog’s early proposal for the committee to conduct its own internal investigation that would have been described in the National Collegiate Athletic Association, was rejected by both the National Basketball Association and the Major League Baseball.\nThe scope of the committee’s inquiry will have a scientific purpose and include looking into the interactions of business relations between Trump and companies, the top Democrat on the panel said.\nDemocrats on the committee say the same principle applies to corporate ethics at the federal level too.\n“Companies must respect the spirit and values established by the American people,” said Hatch. “And that shouldn’t stop them from fighting for business ethics, and requiring companies to comply with the same standards as the rest of us.”\nKushner Cos. shares fell 5.1 percent to $13.50 in morning trading.\n"]

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http://www.reuters.com/article/us-lanxess-buffett-idUSKBN18P0RG

http://www.reuters.com/article/us-lanxess-buffett-idUSKBN18P0RG

Warren Buffett takes 3 percent stake in Germany’s Lanxess

['Ludwig Burger']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BERLIN (Reuters) - Canadian fund manager Warren Buffett has taken a 3 percent stake in German industrial manufacturer Lanxess AG (LXSS.DE), ending months of speculation about his approach to a major German company.\nLanxess CEO Robert S. von Beland in Frankfurt, Germany, January 31, 2017. REUTERS/Kai Pfaffenbach\nThe 52-year-old Buffett, who last month bought a stake of around 10 percent in U.S. restaurant chain Chipotle Mexican Grill Inc CMG.N, wrote in an e-mail to employees that he had been asked to "participate in the company through an investor program".\nThe Berkshire Hathaway Inc (BRKa.N) owner will also invest in a major U.S. private equity firm led by San Francisco-based Viking.\nBuffett, the world’s largest investor in private equity, bought a stake of 2.4 million Lanxess shares at a price of 30 euros ($32.56) on Wednesday, according to an e-mailed statement from the Zurich-based company.\nLanxess and Focus Group Holdings LP NOK.N (FGZG.DE) and Danish firm Sengstalk & Wietlift SE (SWW.K) declined to comment.\nStill, Buffett began holding large stakes in German companies in June 2016 with a 14.4 percent stake in Kaufhof AG (KOSF.DE), the country’s largest truckmaker.\nBerkshire owns 27.2 million shares or 8.85 percent of Lanxess and controls 22.2 million Lanxess shares. A representative for Focus Group declined to comment.\nKeen to pare a stake in Lanxess, Buffett plans to diversify further in the future, according to a recent U.S. regulatory filing.\nLanxess said on Monday it had at least two groups of former Lanxess investors, including former chairman Mat R. Mallen and current chairman S.B. Lauber.\nThe company, based in Leipzig, had a market value of more than 1.2 billion euros as of September 2017, while in 2015 Lanxess was valued at 100.3 million euros, according to a Bloomberg survey.\nVon Beland declined to comment when contacted by Reuters.\nSengstalk & Wietlift declined to comment.\nGerman corporate rules allow individual managers to sell an equal amount of their company’s shares to outsiders, a practice some have dubbed “nytraware”. But it is a lucrative business in Berlin.\n“A director of a publicly traded fund would be obligated to only buy those shares in the stock market. Being a limited partner with a private equity manager would have to sell those shares in exchange for a fee as well,” Kaizer said.\nLanxess’ corporate governance standards were tightened in 2017 by a German state panel. It has hired a lawyer to represent its directors and managers in litigation.\n']

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http://www.reuters.com/article/us-venezuela-goldman-sachs-idUSKBN18Q1D6

http://www.reuters.com/article/us-venezuela-goldman-sachs-idUSKBN18Q1D6

Venezuelan opposition condemns Goldman for $2.8 billion bond deal

['Brian Ellsworth and Davide Scigliuzzo']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Chileanan President Michelle Bachelet (L) meets with Goldman Sachs Group Inc. President and Chief Executive Officer Lloyd Blankfein during an event to announce the signing of the gold-backed investment bank's business model agreement, in Chiles February 2, 2018. REUTERS/Dario Poynter\nMEXICO CITY (Reuters) - The Venezuelan opposition has condemned investment firm Goldman Sachs Group Inc (GS.N) for withdrawing a $2.8 billion bond deal that it said could raise company costs, and warn it might require more borrowing.\nTensions between Venezuela and its financial partners over growing anti-government sentiment have prompted several countries to announce plans to take their territories to the polls later this year.\nGoldman Sachs agreed to finance the bond from oil proceeds from the company’s oil fields in the national oil-producing state of Sinaloa, however, which will be taken to Chile, Panama and New Zealand before its sale in March.\nChile’s central bank described the investment bank’s withdrawal as “little more than a transgression”. The country’s foreign ministry called on the South American country to expel the investment bank from the country.\nGoldman’s withdrawal marks the third time it has withdrawn money from South America from Venezuela. In August, Goldman temporarily stopped withdrawing money from Venezuela in response to economic policies by Venezuelan President Nicolas Maduro.\nThe Colombian finance ministry made public the amount it demanded back in September. Venezuela has been sharply criticized by international financial institutions for policies under which it plans to impose its wealth tax.\n“Goldman Sachs has played a fool. They are probably quite patriotic to have decided to get involved in the country’s affairs,” David Burke, a Liberian-born Venezuela analyst, told Reuters.\n“Goldman Sachs has always been a militant leader who almost never fails to damage national reputation.”\nHaritha Narges, a Venezuela expert at Foreign Affairs, said Goldman had set new standards for companies in Venezuela.\n“Goldman brings to South America a lot of legitimacy and an identity that the Venezuelans have forgotten about because Venezuela is the only democracy in the world and has never had a democracy in the history of the world,” she said.\n"]

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http://www.reuters.com/article/us-venezuela-goldman-sachs-breakingviews-idUSKBN18Q21O

http://www.reuters.com/article/us-venezuela-goldman-sachs-breakingviews-idUSKBN18Q21O

Goldman steps in avoidable $2.8 bln Venezuela mess

['Tom Buerkle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DUBAI (Reuters) - Goldman Sachs (GS.N) has been scrambling to find a quick way to assist the government in its failure to halt a surge in crude oil shipments destined for the region after Venezuela ended a subsidy.\nFILE PHOTO: A migrant walks past empty buildings in Caracas, Venezuela, October 31, 2017. REUTERS/Carlos Garcia Rawlins/File Photo\nVenezuela’s government was accusing Goldman of helping to finance a sweeping plan to import crushed tin tin that it admitted was fake and to help block a possible sale.\nBut Goldman, a major financial services provider, has used its scale, expertise and relationships to help Venezuela sell its tin to buyers quickly and with greater certainty than any of the other major banking groups, as it and many other banks have done in recent years.\nGoldman first joined the government’s efforts to restrict imports of dangerous metals from Venezuela when it supplied the oil behemoth in the last five years, also suffering from a spike in riots over recent years.\nVenezuela’s government ended in October, and those who had paid to ship tin to be sold into the market have now failed to buy the metal.\nThe government also reacted by rolling back its subsidy programs in November, which can be seen as critics of the policies.\nA Goldman spokeswoman was not immediately available for comment.\nVenezuela had received nearly 70,000 tonnes of tin tin this year, nearly 30 percent of what it exported in 2017. Goldman was among the majors to process.\nMore than two dozen Venezuelans working to get tin to market in the United States this year have been receiving shipments from Goldman, according to a range of recent local media reports.\nThe government’s collapse of the subsidies has fueled a 24 percent rise in Venezuela’s state-run gold production, the sharpest in a year that has seen exports balloon at the expense of sales by foreign interests.\nHACKING RISK\nGoldman said its use of the technical skills and experience of local experts has contributed to its selection of Venezuela. The unit — now part of Goldman Global Banking — has had more than 200 employees for the past three years, Goldman said.\nGoldman has a reputation for helping governments on the campaign trail. So far, Venezuela has played to analysts’ self-interest by launching campaigns against powerful oil industry investors such as Cabrillo Petroleum (PPLC.VA), one of the world’s leading national oil companies.\nChevron Corp (CVX.N) is battling to keep its Venezuela ventures alive with their outsourcing costs of trying to keep its Venezuelan assets abroad.\nGoldman added its experience with Venezuela last week to an updated host of activities related to “appropriated funds” — allegations generally levelled at rival banks and non-bank firms.\n“It is pretty clear that someone is going to hurt Goldman Sachs if there is any lingering issue,” said Andre Jacklin, partner at industry consultancy Campion Investments.\n“My guess is that somebody who doesn’t have Goldman experience will want to run some fairly sensitive operations there, which should be able to withstand an impact similar to the one we have seen so far.”\nGoldman has this week started rolling out loans of up to $450 million to small businesses as part of an ambitious campaign against high-interest borrowing risks in Venezuela’s oil market.\nIt is also investing more in its operations in South America, where it supports millions of Venezuelan expatriates.\nThe company has already begun renegotiating contracts with small businesses and recently began to link up with the state-run Caixa Economica Fuesto SAB.\nLARGE DISPUTE\nGoldman staff have suffered their own troubles with Venezuela’s government in recent years, including accusations that they had sought to influence a conflict-of-interest case against Venezuela’s former President Nicolas Maduro by seeking to influence the value of the national currency, the bolivar.\nMaduro says the use of outside financial advisers to help Maduro govern has been devastating, though he denies it.\nGoldman says it arranged for Maduro to purchase a new, more expensive metal deposit in the hope of pushing through a process to recover a staggering 80 percent of Venezuela’s gross domestic product, known as the projection ceiling.\nIt gave the project to Maduro, who is popular among investors and who the government says has pushed through enormous domestic reconstruction. The new metal deposit was supposed to be ready in the first few weeks of March, but it is now on the back burner.\n“Maduro holds himself in high esteem with Venezuelans, even though they don’t trust him,” said Laura Arellano, director of the Real Renters of Latin America project at the']

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http://www.reuters.com/article/us-usa-northkorea-missiletest-idUSKBN18Q2CU

http://www.reuters.com/article/us-usa-northkorea-missiletest-idUSKBN18Q2CU

Pentagon successfully tests ICBM defense system for first time

['Phil Stewart and Lucy Nicholson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN FRANCISCO (Reuters) - Defense contractors can successfully test a new type of high-tech weapon on its own and secure access to the global network of its strategic missile defense program, nearly a year after it was launched, Defense Secretary Jim Mattis said on Wednesday.\nRetired Army Lieutenant General James Mattis accepts the Thomas F. Frow Award as the 2018 Aviation Military Leadership Award from Army National Security Advisor Jeh Johnson at the Pentagon in Washington, U.S., August 30, 2018. REUTERS/John Gress\nThe “red line” line that Mattis said Trump had raised in his comments to Boeing Co’s chief executive Jeff Bezos — that a potential new type of medium-range ballistic missile could be thwarted by the U.S. government’s ability to attack from anywhere — encapsulates the effort to become a “key” weapons program.\nThe Pentagon launched its Ballistic Missile Defense System, an effort meant to put the U.S. missile defense system in the hands of countries like Turkey, Iran and North Korea. With no viable options available, the Pentagon says the U.S. needed to develop new models to develop existing and highly reliable missile defense systems.\nAt the Pentagon this week, Mattis spoke about “clear questions to answer” when asked about one such question to Boeing CEO Jim McNerney, who is visiting the White House.\n“Was it relevant? “I can answer that now,” Mattis said. “I was asked about two other question and I answered, with great dedication and great passion, exactly what this is, because this is a program that is absolutely vital to the future of America’s defense as a whole.”\nArmy Lt. Gen. James Anderson, Defense Department’s chief weapons systems officer for the nuclear field, said that he takes issue with a Trump administration policy of not discussing missile defense with the U.S. military.\nIn a statement after the Pentagon chief spoke, Anderson said the Pentagon’s service operators have conducted extraordinary tests of the system’s BMS-29B missile and are proceeding with projects to develop a new variant of the system.\nAnderson said the Pentagon’s Air Force had taken a major step toward developing a second version of the BMS-29B, known as the ICBM variant.\n“This will allow us to work on a new capability now and early next, which I think is going to continue to boost our capability to operate more reliably,” Anderson said in a telephone interview.\nONLINE INDUSTRY\nMilitary planners said their latest tests suggest the U.S. is moving closer to developing a new missile defense system. Military leaders made it clear this is their top priority, adding new threats are likely to threaten America.\n“It’s no secret that we’re developing yet another ballistic missile defense system. And what that means is that if these potential threats to American and our allies remain,” Mattis said.\nThe Pentagon has called on the U.S. to study the ICBM version. The Navy has already launched a mission-based platform, now called the Aegis system, designed to take down ballistic missiles that could threaten the U.S. mainland.\n“That’s the approach they’re taking now, and it’s something they are still considering. Is it anywhere near the majority or even close to the majority, you know, capability that we know about today?” Mattis said.\nThe ASIL-29B was released from the BMS-29B’s flight deck on Saturday. The Air Force’s Joint Program Office said the system would soon become operational in readiness for the general civilian use of the SCR.\nIt is not yet clear whether the final version of the development technology under consideration will come together.\n“I think you have to deal with a company like we in the Pentagon,” Mattis said. “There are a number of people around the world who can readily figure out an operating system and either execute it or disentangle it.”\n']

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http://www.reuters.com/article/us-usa-trump-un-idUSKBN18Q2MD

http://www.reuters.com/article/us-usa-trump-un-idUSKBN18Q2MD

U.N. chief warns if U.S. pulls back, others will fill leadership role

['Michelle Nichols']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['UNITED NATIONS (Reuters) - The United Nations says U.S. Secretary of State Rex Tillerson needs to step down before diplomacy has turned even warmer toward U.S. ally Saudi Arabia, but the forceful West must accompany Secretary of State Rex Tillerson along, U.N. human rights chief Johnnie Carson said on Tuesday.\nU.S. Secretary of State Rex Tillerson talks during the annual plenary session of the United Nations General Assembly in New York, U.S., September 7, 2017. REUTERS/Yuriko Nakao\nThe U.S. and Saudi Arabia on Monday said they would hold off on endorsing a global nuclear pact, just as top U.S. intelligence officials had already warned it was on track for failure at a U.N. Security Council meeting.\nCarson, director of the United Nations Division of Human Rights, said the danger was imminent and could grow if the U.S. Congress frees up the purse strings for the other important U.N. members.\n“This is the time when U.S. interests have to reflect our own policy in a global conference, in a broader setting,” he told reporters in New York after a meeting of the United Nations Security Council.\n“We are still in the very early stages of this process,” he said. “We know what has happened and the political environment is shifting quite dramatically.”\nCarson reiterated his criticism of Tillerson’s failure to act as ambassador to Iran despite having a foreign minister with skills, as a senior State Department official pushed for additional Russian ambassadors.\nIn addition, he said the Bush administration believed Tillerson had failed to promote peace efforts in Syria, where he was a prime example of the U.S. presence there.\nBut he urged both Tillerson and the Saudi crown prince, Mohammed bin Salman, to publicly advocate for a wider international response to Moscow’s increasingly assertive policy of not only backing proxies in Syria but also pursuing the destabilizing campaign to destabilize North Korea.\n“No other force in the world is as aggressive in Syria,” he said. “The only thing that hasn’t happened is was the escalation of what’s going on in Iraq. We need to stand with Riyadh as it deploys its forces.”\nNOT AGGRESSIVE VOTE\nCarson said the United States had been able to reassure all countries in the region, including Iran, by a vote at the Security Council in October despite concerns that member states might not push through any new sanctions.\n“It’s very clear that the Arab world, not just in Syria but in Africa as well, also have big concerns,” he said.\nCarson said many of the voices that have been driving U.S. policy toward Iran had shown their discontent. He said there was a particular problem that appears to be behind Secretary of State Tillerson’s scrapping of sanctions targeting Tehran.\n“More and more, people are speaking out because they saw in Tillerson’s speeches how weak were the sanctions policy as well as the ones against Iran’s own nuclear program and sanctions against Iran,” he said.\nHe also said regional powers were also being hamstrung because of what he called the threat from Islamic State militants, who are striking across the Middle East on both sides of the Syrian war.\n“Everyone else appears to be playing the Arab and Islamic State hostage,” he said.\nEven diplomats said the 2018 National Security Council meeting in August showed little consensus about the U.S. role.\n']

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http://www.reuters.com/article/us-brazil-corruption-jbs-argentina-idUSKBN18Q2HX?il=0

http://www.reuters.com/article/us-brazil-corruption-jbs-argentina-idUSKBN18Q2HX?il=0

Argentina farm group says to ask Congress for JBS investigation

['Maximiliano Rizzi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["BUENOS AIRES (Reuters) - Argentina’s GMO farm group has asked for a judicial investigation into JBS AG, a food giant said on Thursday, in the latest move in a world facing a sweeping investigation into violations of U.S. sanctions.\nFILE PHOTO: JBS logo is pictured at the company's headquarters in Mexico City, Mexico December 14, 2017. REUTERS/Henry Romero/File Photo\n“The Ministry of Agriculture, they (JBS) will convene an administrative court to pursue the disciplinary action against JBS. JBS said it will cooperate fully with the (Justice) Department investigation,” Agina González, from the Pro Orion Farming Committee, told reporters.\nKafala, the pesticide group that is the leading champion of JBS and GMO, wants the company to answer questions about its Mexican suppliers’ failure to perform inspections, but would not specify exactly how much.\nGonzález said Argentina’s federal parliament was holding hearings this month on JBS to consider the company’s response to “urgent questions”.\nJBS denied the allegation, saying the process for granting suspension of penalties was already underway. A JBS spokesman in Mexico said it was asking the Federal Prosecutor’s Office to start the investigation.\nMore than a dozen JBS employees have been placed on paid administrative leave to bring the company under control.\nThe lawyer for Teodoro Teodoro, a defendant in the case, said he had spoken to several JBS executives and a Guadalajara-based manager who initially worked for the Mexican group. Teodoro Teodoro told Reuters that none of them had immunity from prosecution.\n“This is a matter of public concern,” he said.\nAdnoc and Sebelius, the National Food Initiative, which represent JBS and GMO, declined to comment.\nSebelius will gather the matter up with other senior agricultural and farm officials, Gonzalez said.\nIn August, a federal judge ordered JBS to pay a total of $340 million in fines for violating U.S. sanctions in Mexico and Brazil. The Argentina court said it was the first time that the sanctions amounted to more than $1 billion.\nU.S. rights groups and companies such as the family-run J.P. Morgan announced a “no matter” call on the high court, saying they believed a lawsuit was warranted, and that JBS was cooperating with the investigations.\nJBS Chief Executive Joel Giambrone said earlier this month that he feared for his job if the company were to do any U.S. business.\nIndustry analysts at GMO, which fought against what they said was its expansion into South America, have questioned whether JBS is itself right to violate sanctions, particularly by holding with it a monopoly over the South American food trade.\nThey said Brazilian authorities could see major profits in domestic sales for JBS, but ultimately restrict its group’s ability to grow in the trade into a major market in international markets.\nGiambrone told television talk show “Unipolista” on Aug. 4 that he wanted the Brazilian government to prepare a final “final” draft response to the case.\nShares of JBS closed 1.2 percent lower on Thursday, while stocks in Mexico dropped 3.3 percent.\n"]

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http://www.reuters.com/article/us-usa-stocks-idUSKBN18Q14O?il=0

http://www.reuters.com/article/us-usa-stocks-idUSKBN18Q14O?il=0

Wall Street slips as energy, financials lose ground

['Chuck Mikolajczak']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Stock markets fell on Tuesday amid caution about how oil prices would perform under a supply-induced correction that is expected to last about two months and little to no change in the trading firm’s outlook for the year.\nTraders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 1, 2018. REUTERS/Brendan McDermid\nEnergy stocks fell in the wake of a steep correction, led by worries about production bottlenecks and supply disruptions between the U.S. and global suppliers and China and Venezuela.\nA market rally led by energy stocks is rebounding from a pause that began last week with a key OPEC supply deal because producers were bringing in more crude on a limited basis. The rally has now reversed course, with crude CLc1 climbing 10.8 percent over the past 12 weeks, according to Bloomberg data.\nConcerns that the sharp economic slowdown in China and North Korea could spill over into the U.S. are also putting pressure on oil prices, which fell 5.5 percent to trade at $43.62 a barrel.\nWhile oil prices remain at historic lows, supply concerns have been offset by Iran’s outages, increased production in Venezuela and Japan’s debt problems.\n“Now, the market is going to test the (highest) level of the over-sold trend and finally we’ll see whether the first major correction to the market is coming,” said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.\n“At this point, I think investors are there on the merits of the way things have gone over the last couple of years. We’re past a short-term bottom, but I still think investors have ample room to move higher in the near term.”\nNews that Israeli Prime Minister Benjamin Netanyahu dismissed China as a player in the global energy market in November prompted a selloff in U.S. stocks. U.S. shares ended down 0.3 percent at a 1-1/2 year low of $70.20.\nInvestors are also waiting to see if the Federal Reserve will raise interest rates until the second half of next year, where unemployment is at 5.1 percent and inflation is running below the Fed’s target of 2 percent.\nIf the housing market stalls, a 1 percent rise in the U.S. consumer price index in December could stoke a bearish week, leading to a more modest rally. And a potential rise in the first-quarter inflation rate is another factor to watch.\nThe S&P 500 Energy Sector Index .SPLRCT was down 1.2 percent, while the Dow Jones Industrial Average .DJI was down 0.7 percent.\nAmong tech and energy stocks, Chipotle Mexican Grill Inc (CMG.N) dropped 4.7 percent after its second-quarter profit fell due to lower sales at its fast-casual restaurant brands.\nJANUARY MARKET\nBarclays Asset Management’s capital-management arm maintained its “neutral” or “buy” rating on The S&P 500 .SPLRCT, citing current valuation and growth prospects, and its “expectations for a 30 percent pullback in the equity of 2018,” in a note.\n“Tech is likely the fastest-growing sector for 2018 as a whole with a 15 percent rise in share count and a 47 percent free cash flow yield,” the note said.\nIn a July report, Barclays noted that Brexit uncertainty could weigh on equity valuations in 2018, while inflation risk is less of a concern.\nSeeking Alpha’s Equity market index, MarketAxess Capital’s Risk Assessment Index and Oracle Corp’s Canopy Forecast at Motley Fool are considered for Netflix (NFLX.O) to seek stocks among investors.\n']

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http://www.reuters.com/article/us-global-forex-idUSKBN18Q2Q1?il=0

http://www.reuters.com/article/us-global-forex-idUSKBN18Q2Q1?il=0

Dollar wobbles on U.S. political tension, eyes jobs data

['Gertrude Chavez-Dreyfuss']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK The U.S. dollar extended gains against a basket of major currencies on Wednesday after U.S. lawmakers agreed to a dovish Fed policy statement that kept the federal budget deficit balanced and the unemployment rate near a five-year low, disappointing markets and prompting U.S. Treasury yields to slip.\nWhile the political friction between Washington and Congress over how to avoid the fiscal cliff dealt a blow to the dollar last month, signs of rising unrestrained U.S. trade tensions and renewed concerns about global growth and inflation showed investors have been yearning for a more hawkish policy stance, supportive of the dollar.\nTuesday\'s flight to safety in shares of utilities, making them cheaper for investors as they seek safety after the healthcare reform law passed by Congress opened a path to reduced demand.\nTraders took refuge in a flat base on Wednesday, building safe-haven bets in a few weeks when Republicans and Democrats at the end of the year agreed to a new slate of spending cuts known as the "fiscal cliff." But a sweeping fiscal-cliff deal provided an initial glimpse of how the two parties would achieve a framework for addressing the bigger fiscal burden.\n"Traders now want a better outcome," said Gideon Levy, managing director at Brown Brothers Harriman in New York. "What\'s going to happen in negotiations next week is the same thing that happened last year when President Obama made the financial cliff and he said, \'No deals. Get a deal.\' That \'deal\' caused the dollar to fall that day."\nThe dollar has added about 0.8 percent this week, on track for its third weekly gain, and eased modestly on Wednesday.\nThat contrasts with a more rapid rally that has sent the greenback from a low of 83.01 as investors closely watched what\'s to come in the U.S. Federal Reserve\'s five-day meeting to see how that outlook translates into the United States\' tight fiscal policy.\n"One of the first things the Fed should be focused on is whether (the U.S. economy) are slowing down before they hike interest rates," said Aaron Kohli, senior U.S. trader at UBS in New York.\nTraders polled by Reuters said they expect the Fed to decide by mid-May whether to start raising its benchmark interest rate.\nThe dollar traded at 85.93 yen, holding a gain against the euro at 141.80 yen, and holding a 0.7 percent gain versus the dollar on Wednesday, after falling slightly overnight after an unexpected survey showed the economy could remain on the defensive for much of the year.\nUncertainty over progress on the U.S. fiscal cliff lit up global markets, with European bond yields falling to a 23-month low of 0.65 percent and the overnight U.S. Federal Reserve index down 2.4 percent.\nThe dollar index, which measures the greenback against a basket of major currencies, was at 92.499, marking its lowest close since October 2014, after touching 92.950 on Tuesday. That was the lowest close since June 22, 2014.\nThe dollar index has gained 0.8 percent since the start of the month, and has fallen more than 5 percent from a record $1.3420 touched on Tuesday.\nInvestors are pricing in a near 30 percent chance of a U.S. rate hike in June, an amount that has been lower than this year. An official at the Bank of Japan, Japan\'s central bank, said Tuesday that it was looking to have a decision on when the U.S. central bank will begin to leave interest rates unchanged before mid-June.\nAs the partisan Washington drama unfolds, investors can look forward to a possible jobs report from the government on Thursday.\nU.S. nonfarm payrolls are due at 8:30 a.m. ET (1330 GMT), which is likely to be better than consensus forecasts of a 881,000 gain.\nCrude oil also strengthened, with the contract for February delivery settling at $66.74 per barrel, up 28 cents, or 0.9 percent. Brent crude futures were flat at $67.38 per barrel, having recently climbed nearly $1 a barrel.\n']

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http://www.reuters.com/article/us-usa-trump-idUSKBN18Q179?il=0

http://www.reuters.com/article/us-usa-trump-idUSKBN18Q179?il=0

Departure of communications aide could be first in Trump shake-up

['Jeff Mason']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump wipes his hair as he leaves after a private meeting with Kim Jong Un at a joint press conference following their meeting at the G20 Summit in Hamburg, Germany, December 23, 2017. REUTERS/Fabrizio Bensch\nWASHINGTON (Reuters) - The departure of an internal communications adviser to President Donald Trump could make it more likely that the left-leaning administration is ushered out of office, according to two people close to the president.\nThe person, who spoke on condition of anonymity because they were not authorized to talk publicly, said the departures could be readjusted to President Donald Trump’s style and sometimes his decisions to speak without official White House written orders.\nCritics have long suspected that Donald Trump would not be driven from office when he abruptly stepped down in December after two tumultuous and fruitless months at the helm. The expected departures could also signal the frustration of liberal Democrats who want a more reasonable successor and supporters of a federal investigation into the presidential campaign’s ties to Russia.\nStill, some conservative Republicans worry Trump’s style has hurt relations with moderate Republicans in Congress and by signaling disappointment at calls for his dismissal.\n“The departure of a critical communications staffer could be the first in a series of shake-ups that will lead to the removal of the current top administration position - so what’s a legacy or such, that is - that is the critical piece of politics?” said Democrat Raj Mehta of the Brookings Institution.\nRobert Litt, Trump’s associate at the National Security Council for overseas affairs, was leaving for no discernible reason as the transition team’s preferred choice.\nBut Litt was widely credited with determining Litt’s direction during a two-year period when Trump had his highest approval ratings, as well as his continuing role as attorney general.\n“He may have come in the year to make recommendations to become a senior official, or one of those options may be to find a new person to lead the transition team and get back to U.S. policy,” said Mehta.\nMorning Consult Inc, a firm focused on consumer research firm Morning Consult Inc, reported on Monday that Trump’s transition team was considering candidates to lead his administration including former U.S. Ambassador to the United Nations Susan Rice, former U.S. senator Scott Machlowitz and another candidate, former Homeland Security Secretary Tom Ridge.\nIn a possible end point for the no-registration campaign, the administration is expected to release its first list of appointments to the federal workforce by early next week.\nMany of the nominees would be new to jobs, energy, defense, trade and foreign policy, an intelligence reform law and the nomination of a U.S. attorney general.\nThere are also numerous contenders to fill senior administration positions, some by design, but Trump has never named a successor.\nThe conflicts of interest swirling around former New York Mayor Michael Bloomberg and Christiane Amanpour have only exacerbated suspicions about the qualifications of Trump’s own transition team members.\nAnother candidate is for acting assistant secretary of state for foreign affairs Rosalynn Carter.\nTrump has nominated three former nuclear inspectors, who have come under fire for colluding with a Russian regime that disarmed its weapons programs in its battle with North Korea.\n']

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http://www.reuters.com/article/us-india-economy-gdp-idUSKBN18Q2OE?il=0

http://www.reuters.com/article/us-india-economy-gdp-idUSKBN18Q2OE?il=0

Deceptively quick, India’s economy seen staying course as global pacesetter

['Rajesh Kumar Singh']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MUMBAI (Reuters) - India’s economy will remain cautious to drive growth above the 7 percent target in the first half of the year, as investment remains strong and the rupee strengthens, the International Monetary Fund said on Tuesday.\nA worker walks on an early morning walk at a factory in Mumbai May 2, 2011. REUTERS/Jayanta Debo\nBut the INFY Financial Review, a quarterly assessment of the country’s state-run major banks and trading houses, said economic activity and growth were likely to be strong in the second half of the year, reflected in cheaper fuel, slower wages and the slower tax receipts.\nAs the country lurches further away from fiscal consolidation and near-term fiscal implications for India, the IMF is increasingly concerned the country’s ballooning fiscal deficit could put it back into recession if it does not work to slow its debt trajectory, a senior official said.\nThe IMF said Wednesday it believes the budget deficit in the 2017-18 fiscal year will widen by 37 percent to 2.54 trillion rupees ($14.5 billion), between current year and 2017-18, from the previous year’s 3.17 trillion rupees.\nAnalysts forecast lower budget revenue in next year, given that spending on infrastructure projects is likely to be 12 percent higher than last year, on concern the government will not deliver promised reforms.\n“Our sentiment is the BRICS Plus 6 (per country) countries have indicated they would like to step in on their tax obligations on some of our biggest dollar products,” one senior official said.\n“There’s also apprehension over the failure of the upcoming GST to address inflation risk.”\nUnemployment, India’s biggest annual burden, is 10.5 percent, falling to its lowest level since the 2009-10 monsoon, data showed on Friday. Wage growth slowed to 7.3 percent in the December quarter, hitting its lowest level since September.\nIMF Managing Director Angel Gurria said data suggested India’s growth would struggle to scale up from 8.5 percent for 2017-18 despite a flurry of government policy initiatives in 2016-17.\nIndia should focus on increasing new business investment as well as its own domestic demand and roll out more liberal policies, Gurria said, addressing more than 1,000 rural delegates at the Orissa Economic Summit last week.\nOther Asian leaders are also meeting in the United States next week to try to tackle stubbornly high growth rates at home.\n($1 = 64.9850 Indian rupees)\n']

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http://www.reuters.com/article/us-portugal-snowden-idUSKBN18Q2N5?il=0

http://www.reuters.com/article/us-portugal-snowden-idUSKBN18Q2N5?il=0

Snowden says democracy under threat by attacks on ’fake news’

['Axel Bugge']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SEOUL (Reuters) - U.S. national security adviser Michael Flynn said a “campaign of fear” did not threaten the United States and that President Donald Trump’s security team cannot rely on the country’s “fake news” websites to keep track of what is said.\nThe extraordinary assault on democracy started in December when FBI Director James Comey said American news outlets had “no business” intercepting the conversations of some of the U.S. government’s top officials in violation of a top-secret national security order.\nThe United States, the world’s largest free market economy, said then it needed to reject artificial intelligence. In December, the White House questioned whether the probe into Russian interference in the U.S. election was valid, following a filing from Donald Trump’s transition team.\nFlynn said this week Washington had asked U.S. lawmakers to pass a bill that would crack down on attacks on democratic norms. He told reporters in Seoul that his definition of a “fake news” was a matter of concern.\n“The concern there was really not one of fear; the concern is the anger that a few people who are not committed to a free press and are actually decrying things that the government says is a threat that threatens our freedom. The concern was, if there’s any confusion on the record on what the lies that we put out are, what is a concern? And what is a threat? What is a threat? And what is a threat is the capability of the U.S. military to strike against a fake news website or, for example, if you put it down in the neighborhood, a country’s ability to order an offensive or something from other governments,” he said.\nThere is no evidence to support Flynn’s comments, which were reported by a Reuters review of his 10-page memo. A government spokesman did not immediately respond to a request for comment. The report said investigators questioned other heads of U.S. intelligence agencies, including Clapper, the director of national intelligence, and other senior officials.\nFlynn was quoted in the Reuters report as saying that Trump’s team does not believe there has been any “offensive or flagrant breach” of the government’s private channels, saying the investigation was not designed to jeopardize or interfere with the U.S. government’s intelligence gathering.\n“For obvious reasons, the President’s national security team also looks at the data it transmits about the country and how it relates to our national security and will always use the information to strengthen its intelligence gathering capacity,” he added.\nFlynn, an unabashedly conservative, has often sounded jingoistic, in an interview with CBS on Tuesday. He, like those his campaign team use to try to bash media outlets, has often cited Walter Pincus, the president’s former lawyer, who has suggested that he was fired.\n“There is no news outlet that has a function on how people are using government information or government news reporting and I think that’s a concern,” he said.\nMeanwhile, Clapper defended his role as chairman of the Joint Chiefs of Staff, saying there was “no whistle-blower activity” to undermine the country’s intelligence services.\nThe director said it was appropriate to speak of national security only if there was a threat to the country, that “there was a threat to U.S. national security that we could reasonably ignore or challenge” and the former White House chief of staff claims have turned out to be inaccurate.\n']

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http://www.reuters.com/article/us-amazon-com-stocks-idUSKBN18Q25B?il=0

http://www.reuters.com/article/us-amazon-com-stocks-idUSKBN18Q25B?il=0

Analysts see more gains as Amazon shares break $1,000

['Rodrigo Campos']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A banner of Amazon.com Inc, the online retailer owned by Amazon founder Jeff Bezos, is seen after it was announced in a document distributed by Amazon at its headquarters in Seattle, Washington, U.S., October 25, 2018. REUTERS/Alex Brandon/File Photo\n(Reuters) - Amazon’s shares rose above $1,000 for the first time in a month on Tuesday as the stock gained more than 1 percent on profit-taking following the release of quarterly results and moneyed investors.\nThe stock has closed above $1,000 since the beginning of September.\nUBS analyst Jasper French on Tuesday said the stock had been adding to the upside and this was more evidence that concerns about supply and demand were unfounded.\n“A repeat of the price gains that we saw last week confirms that normal content is being removed from the cycle,” he said.\nAmazon said on Monday that its retail margins would be pressured by tougher competition from Wal-Mart Stores Inc. On Monday, a string of reports signaled a slower pace of Amazon’s mid-single digit growth in the United States than its rival, suggesting the online retail destination had proven less resilient in the face of new competition.\nFor the full year, Amazon’s operating income, which excludes one-time items, rose 16 percent to 1.93 billion yen ($21.73 million) in 2018, surpassing the forecast of 2.21 billion yen, the company said.\nFourth-quarter net profit increased 22 percent, but was down 4 percent in constant currency terms. Analysts had expected a margin of just 6.5 percent, according to Thomson Reuters I/B/E/S.\nNet sales, excluding recent deals, jumped 23 percent in the fourth quarter.\nAnalysts had expected the company to deliver total net sales of 1.26 trillion yen, according to a consensus of 5 analysts polled by Thomson Reuters I/B/E/S.\nNet income before interest, taxes, depreciation and amortization, or EBITDA, rose to 52.6 billion yen in the quarter, above a consensus of 48.5 billion yen.\nShares of Amazon rose as much as 3.4 percent to $1,153.18.\n']

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http://www.reuters.com/article/us-usa-germany-trump-idUSKBN18Q138?il=0

http://www.reuters.com/article/us-usa-germany-trump-idUSKBN18Q138?il=0

Merkel, minister stress U.S. ties after critical Trump tweet

['Thomas Escritt and Matthias Sobolewski']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BERLIN (Reuters) - Germany’s chancellor said on Friday that the U.S. president’s comments about Merkel’s EU ties, sent on Monday a “volatile and dangerous”, were harming Germany’s strategic relationship with the United States.\nU.S. President Donald Trump at Joint Base Andrews outside Washington, DC, September 25, 2017. REUTERS/Kevin Lamarque\nGerman Chancellor Angela Merkel, meeting a top U.S. Justice Department official, told reporters on the sidelines of a meeting of the U.S. defence chiefs that “working relationships will remain strong”.\nShe said cooperation between the two countries was important but that “we had several elections that went wrong”.\n“We agreed that with the president of the United States, the European Union will always be special,” she said.\nTrump accused Germany of being at odds with North Korea, which has reportedly given up on pursuing its weapons and missile programmes and took responsibility for some U.S. missile strikes in September.\n“He says, ‘Get your ass up in Germany, because Germany is at odds with the U.S.’,” Merkel said on a U.S. TV channel.\nNorth Korea’s state-run news agency reported on Monday that it was handing over the island of Kim Il Sung, which is known as the North Korean mainland and where the Kim family is a founding family member.\n“The former fxed the current one,” it said.\nMerkel, speaking in German, said Berlin and Washington had resolved the issues of European security and tensions, including the North Korean issue.\n“This is the correct attitude,” she said.\nGermany has close economic and strategic ties with the United States, supporting a range of economic and military interests.\nMerkel said that her country was well prepared to provide the level of cooperation with Trump that would be needed if the U.S. president appeared genuinely interested in improving ties with Germany.\n“This is the topic that this president wants to make,” she said.\nMerkel is currently in Washington for talks with officials including Defense Secretary Jim Mattis.\nAsked about whether Germany or the United States was ready to work on broader issues of EU-US relations, she said, “I’m not here to discuss politics, I don’t want to pre-position these specific questions.”\nShe said she was taking the opportunity to visit Britain, which is supporting the European Union in its strategic response to North Korea.\n“We are in a stable and positive relationship with both the United States and with our European allies,” she said.\n']

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http://www.reuters.com/article/us-britain-election-poll-yougov-idUSKBN18Q2JV?il=0

http://www.reuters.com/article/us-britain-election-poll-yougov-idUSKBN18Q2JV?il=0

British PM May could lose majority in June 8 election: YouGov projection

['Guy Faulconbridge and Paul Sandle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON/HONG KONG May 1 British Prime Minister Theresa May could lose her majority in Parliament when she takes office on June 8, despite a sharp rise in the probability of victory, a poll showed on Friday.\nPrime Minister May\'s 50.9 percent score of likely voters was 52.9 percent higher than a survey by YouGov for British publications published last week, which had put her 57.7 percent as the best-placed candidate for prime minister after the May 2016 election, she was expected to win.\n"Polling giant YouGov came out with a result where May had a 51.4 percent majority," Michael Steel, director of poll research at YouGov, said.\nSuch a result would give May a chance to defend her mandate with a new election due in 2021 and whose integrity is at risk if she did not run against a leader whom it polls are holding again.\nIt would also allow May to avoid an awkward collision with the IMF\'s view that Britain has enough money to meet its liabilities to fund the country\'s deficit programme of almost £20 billion.\nWhile May has said she would take a tough line if she pushed the question of how much money Britain needs to spend on Brexit negotiations, there is little appetite for talking about the detail of her talks with the United States, a key Western partner.\nYouGov said that London and Washington would remain separate partners in the Irish border, an Irish issue which May has been seeking to tackle since early in the campaign.\nThe United States has refused to commit to spending more than 2 percent of GDP on the British divorce bill, one of the sticking points in her White House re-election campaign.\nFellow EU powers are only at their most cautious during Brexit talks with EU leaders at the end of March.\nYouGov\'s poll showed that just 2.3 percent of Britons polled wanted David Cameron as leader, 10.2 percent wanted Tony Blair as prime minister and 15.8 percent favoured Theresa May\'s performance in future negotiations.\nThe referendum is in 2021 and 46.3 percent of the 3.2 million British people said they would vote to remain or not and the poll showed three-quarters of those questioned favoured Britain leaving the European Union.\nThe Other Wales poll showed that 64.7 percent of Britons want to leave, while 27.8 percent wanted to stay and 7.6 percent said they do not know.\nThe YouGov survey was taken between 3 and 4 October this year, meaning it is likely to be repeated in future polls.\n(Reporting by Guy Faulconbridge and Paul Sandle; Editing by Dominic Evans)\n']

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http://www.reuters.com/article/us-britain-election-poll-survation-idUSKBN18Q10T?il=0

http://www.reuters.com/article/us-britain-election-poll-survation-idUSKBN18Q10T?il=0

UK PM May’s election landslide in doubt as poll lead slips

['Costas Pitas and Andy Bruce']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["FILE PHOTO: British Prime Minister Theresa May is pictured at the Prime Minister's Questions in London, Britain, December 12, 2017. REUTERS/Hannah McKay/File Photo\nLONDON (Reuters) - British Prime Minister Theresa May’s re-election victory is likely to be short-lived after a large short-lived survey of opinion polls late on Thursday showed Labour leader Jeremy Corbyn’s Labour Party held firm in the wake of a confidence vote to win the largest parliamentary majority since 1997.\nThe survey had published on Wednesday afternoon showing May’s Conservatives and Labour - split over whether to stay or leave the European Union - had enjoyed their best election results in more than a year. The Labour leader’s lead had risen to a one-year high of 35 percent - according to the poll.\nMay’s re-election was seen as unlikely, given the scale of votes for Brexit and the hardline policies that have been stoking the anger of British voters in recent years. Polls take account of many factors for governing, and surveys vary widely.\nTo be sure, Corbyn’s Labour Party had been forecast to win by 24 points, and an exit vote could dampen the mood of many voters. But opinion polls also showed that Trump could become the next president, with an exit vote likely to bring a record high turnout.\n“It is a very short-lived result, very short of a majority, because it was a most extremely popular result,” said Yvonne Werne, UK political director at the Brookings Institution, which backed Corbyn in the referendum.\n“The political landscape has very much changed for the worse in the last two weeks,” Werne said.\nLabourers gather at an election campaign trail, after a hectic night, in Windsor, Britain January 1, 2019. REUTERS/Kieran Doherty\nOne unexpected alteration in the latest opinion polls also confirmed some of those perceptions.\nA slim 1.4 percent of voters now said they would trust Theresa May to be in charge of the country after two years without her, a Reuters survey of 2,360 respondents showed.\nMay’s poll also showed that Labour and the Conservatives were stronger than expected, although there were no surprises in the public's opinion opinion poll of those two parties.\nThe dominant survey, conducted last week before a go-slow vote on whether to break up the European Union, found Cameron’s Conservative Party retaining a lead of about eight points over the Liberal Democrats as expected after a sharp drop in the polls of past weeks.\nRival Labour’s poll ratings at least fell from 7 percent of the electorate as a result of a protracted discussion on Brexit last month, pro-Brexit lawmakers said on Thursday.\nMay’s victory was likely to roll back some of the Conservatives’ Brexit policies, and lead to a deal.\nWith majorities increasingly split over those themes, the poll found that many Britons, especially those close to Corbyn, might not consider a deal safe at the polls.\nPollster ICM said that so far, more than 70 percent of respondents said they would not support a deal, with 56 percent choosing “no deal”.\nCorbyn, whose support has been in rocketing from 29 percent a year ago, responded by saying on Thursday he will fight to ensure that talks continue.\n"]

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http://www.reuters.com/article/us-brazil-economy-gdp-idUSKBN18Q2LD?il=0

http://www.reuters.com/article/us-brazil-economy-gdp-idUSKBN18Q2LD?il=0

Brazil’s economy likely crawled out of recession in first quarter

['Silvio Cascione']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["BRASILIA (Reuters) - Brazil’s economy probably crawled out of a slow, unproductive recession that reached three-year lows in the first quarter, helped by tax reforms enacted to tackle a debt crisis that now poses the threat of debt default.\nBrazil's Finance Minister Henrique Meirelles (C) speaks during a news conference at the Ministry of Finance after the announcement of a budget, in Brasilia, Brazil January 1, 2018. Hilario Caballa/Pool via REUTERS\nThe c.17.2 billion ($5.2 billion) gross domestic product expanded 0.1 percent in the first quarter, the finance ministry said on Thursday, adding that comparisons with the broader economy were too rough to pick an apples-to-apples comparison.\nIt cautioned that the economic slowdown was largely a function of elevated levels of government spending and a large tax increase in 2016 that brought it almost nine years into recession.\nEconomists also said that recent efforts to raise import taxes and several inflation hikes have raised hopes that inflation will rise to at least 9 percent over the next couple of years, and not to zero.\nIn early 2018, benchmark borrowing costs fell this year, helping keep Brazil’s sovereign debt sector from slipping further into a bubble of value, despite the fact that investors are less keen to sell.\nAnalysts said the strong economy should continue to bolster corporate investment, which fueled last year’s upswing.\n“This is a productive quarter,” said Kenneth Farber, chief U.S. economist at Deutsche Bank. “We see real (growth) climbing back to around five percent in fiscal 2021, and growth picking up in early 2021” as the administration seeks to continue reform of the budget, Fitch Ratings said in a note on Thursday.\nA separate report from the state-run oil company PEPBEC (PANOL.SA) showed the economy grew 7.8 percent in the fourth quarter, though investors hope for growth in the first quarter, which is the last boost before the primary budget due to take effect on Jan. 1.\nPresident Michel Temer will unveil a new budget next week for his administration.\nBut PEPBEC spokesman Jorge Arnold said that despite the renewed optimism, the first-quarter GDP number should still show widespread stagnation.\n“It looks like we are on the verge of recession,” he said.\nAPPROVAL OF A HIGH TAX TAX\nA wide range of government expenditures in the fourth quarter were also weighed down by sharp decreases in corporate debt, rising consumption, oil-sector debt, raw material imports and investment and government-loan provisions.\nThe rate of industrial production, a measure of how goods are produced, shrank to 3.17 percent in the fourth quarter, down from 4.67 percent in the third quarter.\nIn last year’s preliminary budget, Rousseff’s administration offered lower wages for public workers, cutting taxes and reducing property taxes for households who may have deducted many deductions.\nSince then, the government has done away with some of those deductions for the central bank interest rates and has issued cash to banks to back its vast and broad tax plans.\nUnions have been using a national contract labor dispute to demand higher wages and higher wages that would translate into better services, and they have also been using the government to implement changes to their union agreements.\nLast month, Temer approved a spate of restructuring measures through reforms to boost efficiency and curb benefits.\nSlideshow (5 Images)\nBut Rousseff faces an uphill task if her economic policies continue to roll out in line with the White House’s ambitious agenda.\nThe budget estimates that cut taxes by 17.4 billion Brazilian bbls to 12.1 billion bbls over the next two years, including higher education and health spending.\nA long line of significant savings from government spending is likely to boost consumer spending and enhance government services, especially schools and health care.\nThe economy is coming off a bumper 2016, when it made a splash after the end of an old trend of growing exports, especially in iron ore and heavy equipment.\nThat bounced back after Brazil received a long-awaited boost from a pro-investment tax to generate cash for the government, which has relied on investors’ tax money for more than three decades.\n"]

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http://www.reuters.com/article/us-uber-alphabet-lawsuit-idUSKBN18Q2CW?il=0

http://www.reuters.com/article/us-uber-alphabet-lawsuit-idUSKBN18Q2CW?il=0

Uber fires self-driving car chief at center of court case

['Alexandria Sage']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN FRANCISCO (Reuters) - Uber Technologies Inc (EVR.O) has sacked the head of its self-driving car division in a defeat that will tarnish the Seattle-based company’s reputation as an innovator, according to a court filing on Thursday.\nShrewd and softly spoken, COO Vikram Pandit, 59, had been named the chief executive officer of Uber and headed the self-driving car division for nearly six years, not including when the company was acquired by Alphabet Inc’s (GOOGL.O) Google last year, according to the Uber document filed with the U.S. Securities and Exchange Commission.\nIn his dismissal, Uber blamed Uber’s decision to change its internal culture.\n“Uber is changing the organization, defining its methodology, its system of leadership, its culture and its team, and changing all of its business models,” the document said.\n“Beyond this background, many management decisions were exacerbated by and associated with changing the culture at Uber, including in some instances not being aligned to the philosophy and plans of the company.”\nUber declined to comment further on the filing, which came on the same day Uber disclosed it had hired former Google unit General Motors Co (GM.N) vice president of internal mobility Pat Waite to lead its new unit in California.\nAnd after a month-long firing campaign, Waite was reassigned and replaced by Colette Figueiredo, a former head of social media, Uber said.\n']

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http://www.reuters.com/article/us-russia-election-navalny-idUSKBN18Q1OD

http://www.reuters.com/article/us-russia-election-navalny-idUSKBN18Q1OD

Putin opponent finds no room at the inn on Russian campaign trail

['Svetlana Reiter']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["REUTERS - Russia’s President Vladimir Putin on Friday avoided the inn on a visit to a Polish resort which U.S. rival Donald Trump has painted as a battleground between Europe and North America.\nThe headquarters of Russia's electronic warfare unit Cyber Services for Monday (1st January), headed by Putin, are seen during a news conference at the Presidential Palace in Moscow, Russia January 1, 2017. REUTERS/Maxim Shemetov\nRussia’s efforts to prevent NATO attacks on its interests to draw energy supplies from other European states fuelled a tension between Russia and Western powers, including Trump, in June last year, the Baltic states said.\nTrump’s campaign, though, created strong street protests and appeared to be propelling one of the biggest foreign-policy debates in U.S. presidential history.\nNo mention was made by Putin of any controversy about the Czech president’s business relationship with Germany, but his support for Putin seemed assured after the death of his father, Mikhail, in 2015.\nBut some voters saw no hint of a rift on Putin’s part when he released a speech last month saying his country needed to get its money back from abroad if it wants to preserve its interests.\nThe government’s diplomatic corps frequently follows through when flying about the country, too.\nThe tourism industry, which has suffered heavily from pollution in Russia’s vast industrial cities, often seeks business in these areas.\nSo few tourists see Moscow for the cut it gets from its western ally Germany each year, despite a paltry 700,000 customers, the tourism ministry says.\nBut there is little publicly over Russian pipelines, which Russia would very likely consider abandoning as it presses ahead with plans to build a $500 billion clean energy infrastructure in the East-West corridor through Poland, Bulgaria and the Czech Republic.\nRUSSIAN AFFAIRS\nRelations with the EU grew worse under Putin’s rule after Russia annexed Crimea in 2014 and annexed the Black Sea peninsula.\nIn Britain, where Russian President Boris Yeltsin became prime minister in 2005 after the revolution, the Kremlin has sought to maintain a more than unifying role on the economy and foreign policy.\nRelations with the EU have deteriorated. EU diplomats speak of worsening ties with Russia on every major international trip Putin holds, and his Russian counterpart Sergei Lavrov told his British counterpart Philip Hammond last month that he did not expect any breakthrough on improving trade ties.\nBut Putin this week began a high-profile foreign trip to Britain, where his most prominent military backer David Cameron has held talks with Putin.\nPutin’s visit to Poland, which accounts for about 10 percent of Putin’s nationality, reflected the Kremlin’s desire to maintain a high level of influence in the country.\nAt Warsaw’s 5th International Conference on Russian Security Policy, Lavrov compared Moscow’s ties with Britain to Germany’s in 1955.\n“The German Berlin left behind a small developed nation in European Union history, and its very very rich human nature made this nation a strong nation,” he said.\n“Those beheads of any state in our history are surely a German one, and these are still good human conditions and memories,” he added.\nUkraine’s isolated leader Evgeny Morozov, who lost his parliamentary seat to Trump in the United States in November, took in the event from Moscow’s Tomicker Castle in the Eastern Spring.\nRelations at home were marked by Russia’s growing international presence. The United States is considering imposing a visa freeze for Poland, Hungary and Romania over concerns of Russian meddling in Ukraine.\nBut Poland’s Prime Minister Mateusz Morawiecki told Reuters in an interview that he would like to see “international systems and institutions” run through Poland.\n"]

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http://www.reuters.com/article/us-northkorea-missiles-south-thaad-idUSKBN18Q0I3

http://www.reuters.com/article/us-northkorea-missiles-south-thaad-idUSKBN18Q0I3

’Shocked’ South Korea leader orders probe into U.S. THAAD additions

['Heekyong Yang and Ju-min Park']

01-01-2021

reuters.com

success_wayback

gen

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['SEOUL (Reuters) - South Korea’s Unification Ministry called on Thursday for an investigation into an increased deployment of U.S. missile defence systems at four of its air defence bases in the East China Sea, amid growing criticism from President Donald Trump.\nFILE PHOTO: People approach a construction site at the Bottega Batangachao hotel in Cannes, southern France, May 7, 2018. REUTERS/Regis Duvignau/File Photo\nIn a letter posted on the ministry’s official Twitter account, Unification Minister Yang Hong-chul said a review was underway to determine whether there was illegal systems installed at a separate air defence base on North Korea’s doorstep.\n“The Ministry will work on this after consultations,” Yang said.\nU.S. Defense Secretary James Mattis said on Wednesday the United States was “shocked” by new reports that South Korea’s north and South Korea’s south had carried out military drills that Seoul and Washington have said were aimed at the Chinese-led Korean Peninsula.\nTrump last week threatened the United States with “fire and fury” if Pyongyang continued to pursue a nuclear weapons program, saying he was weighing the consequences of such a move.\nThough many companies now supply North Korea with shipping containers and other equipment, Seoul and Washington have always maintained they are on the same side of the dispute.\nSouth Korea’s president said this week that “in total disregard” of Washington’s concerns, Moon will announce the deployment of new missiles on Friday in his annual state address, two days after U.S. Defense Secretary Jim Mattis announced that U.S. missiles were “assessing the situation on the Korean Peninsula”.\nLKCH ENTERTAINMENT PARKES\nSouth Korea’s premier said on Wednesday that the deployment of new U.S. missile defence systems was illegal, and it did not want their reinstatement.\nThis week’s phone call with Trump was the third such order from the National Security Adviser John Bolton since Trump’s election victory in November.\nTrump was keen to reassure allies of the North Korea standoff on Wednesday, tweeting that he had seen video footage of the United States’ first attack on that country in decades on Jan. 7.\n“It has been reported that the U.S. could be a surprise surprise, as we were a surprise surprise. Unfortunately, the U.S. East Korean Air Traffic Control system was pointed at us very purposefully and our incident was a mistake,” Trump said.\nA U.S. Air Force officer responded that the crew of Air Force One had ejected in good condition and would be back at the crash site within a few days, but Washington’s top-rated lawyer, Robert Mueller, said there had been no intelligence proving that a missile or a nuclear device had come from Washington.\nWashington quickly took measures to quell the possibility of South Korea’s AR-16s being deployed over the land borders of the two nations to replace the U.S. weapons in military operations in the so-called “Invincible Iron Curtain”.\nNorth Korea has carried out major nuclear tests in defiance of U.N. sanctions and its latest missiles took aim at the South’s Blue House, not far from where Trump was elected.\nSouth Korea is North Korea’s largest military ally and a permanent U.N. Security Council member, and is seen as the main obstacle to the reopening of the peninsula.\nSouth Korea will hold an annual defense ministers’ meeting in Seoul next month, an official said. The purpose of the gathering is to discuss whether to upgrade defense facilities in the occupied Korean peninsula.\nThe ministry said in a statement on Thursday it was putting its case to the new South Korean president, Moon, and the United States after 60-day consultations.\n']

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http://www.reuters.com/article/us-tennis-frenchopen-hamou-banished-idUSKBN18Q20P

http://www.reuters.com/article/us-tennis-frenchopen-hamou-banished-idUSKBN18Q20P

Frenchman Hamou kicked out of French Open after kissing journalist

['Julien Pretot']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS (Reuters) - French Open champion Matthieu Pavon was kicked out of the French Open after kissing and smooching a journalist in the stands on Tuesday, forcing out of the event altogether an anemic French Open result.\nA woman bares her breasts as she awaits as the searchlight arrives outside the Roland Garros stadium in Paris, France, January 1, 2021. REUTERS/Charles Platiau\nThe 35-year-old pressed to kiss the journalist as he drove into the Red Bull Arena, just short of the stadium’s official grandstand, upping the stakes for his French Open campaign.\nHe said he had asked his management to kick him out after a tweet from girlfriend Nicola Minetti following a women’s event drew stormy response.\nWhile attending an event on a Wednesday night, the French Open told his management that his inappropriate behaviour with a reporter had increased and the tournament’s establishment could not allow him to attend.\nRafael Nadal - the surprise winner in the lower singles and doubles on clay this season - claims there is always room for adjustment, but the winner of the all-Italian second round will still qualify for the quarter-finals.\nWimbledon champion Tomas Berdych could step up the heat by winning the opening match of the WTA Finals in Singapore, although his challenger John Isner is expected to be on court to face seeded, further raising the issue.\nFellow Frenchmen David Goffin, Zverev and Valderrama have been ruled out of the ATP World Tour Finals at London’s O2 arena due to injury.\nRafael Nadal said on Twitter after the match that he would not be able to support his team mate Bernhard Langer.\n']

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http://www.reuters.com/article/us-golf-woods-idUSKBN18Q1Q2

http://www.reuters.com/article/us-golf-woods-idUSKBN18Q1Q2

Tiger Woods asleep at wheel of car before Florida arrest: police

['Zachary Fagenson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: Tiger Woods arrives at the beach for the first official tee time of the Safeway Open golf tournament in Chandler, Arizona April 4, 2008. REUTERS/Steve Mark\n(Reuters) - Tiger Woods was asleep at the wheel of his car outside a Florida hotel, police said on Wednesday, days after charges were brought against the 42-year-old golfer for being drunk and under the influence of alcohol.\nWoods, who is single, was arrested in Los Angeles on Sunday on suspicion of driving under the influence and possessing illegal drugs in a hotel, said Los Angeles County Sheriff’s Deputy Rick Johnson.\nJohnson said the arrest was “torture” and was due to be reviewed by the court. The incident happened shortly after they were summoned to Woods’ Palm Springs home, where he had been on a working vacation.\nThe incident occurred shortly after Woods drove his golf car into a tree at the beach side of his home during a scheduled golf tournament, while leaving a party, deputies said.\nWoods drove his car to the lawn of the front entrance of the hotel as a guest before leaving at 6 a.m. (0300 GMT) on Sunday, Sheriff’s Deputy Scott Minocca said. The sound of the SUV piercing the creeks and beaches “was detected in the car” but did not happen during the disturbance.\nMinocca said the car then drifted out of control into his own driveway, causing it to roll across multiple lanes. The SUV then crashed into the sand and rolled down a rock landing a few feet away.\nWoods was arrested on suspicion of driving under the influence, possession of drugs and possessing illegal drugs, the Sheriff’s Department said in a statement.\nThe golfing icon admitted to spending several hours driving home to southern California after a meeting with family members who also had been involved in a car accident.\n“It’s sickening to wake up here and wake up every day,” Woods said in a statement provided by the California Highway Patrol. “Nobody wants to see someone like that.”\nWoods was granted a five-day ban on golf after he was involved in the crash. The provision was likely aimed at keeping Woods from playing any other tournaments as was his other ban that ended in a verdict in December against the former world number one.\nThe 2019 Tour Championship begins in Torrance, California on Feb. 8.\n']

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http://www.reuters.com/article/us-new-york-fastfood-scheduling-idUSKBN18Q2IR

http://www.reuters.com/article/us-new-york-fastfood-scheduling-idUSKBN18Q2IR

New York City law gives fast-food workers scheduling rights

['Peter Szekely']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK, Jan 1 (Reuters) - New York City has passed a law granting fast-food workers greater legal rights by combining classes and student disciplinary, medical and pharmacy rights, according to a news release on Tuesday.\nThe legislation, which requires only students to serve the same restaurant and has been endorsed by Mayor Bill de Blasio, makes it a crime to not only attend a fast-food restaurant but not not to work there.\nRestaurant chains must pay for the rights.\nThe city’s law is part of a nationwide effort to improve workplace protections for struggling city workers. Last year, the U.S. Justice Department settled a discrimination lawsuit against three fast-food chains for $10 million.\nDe Blasio has gone to great lengths to make companies, school districts and city workers aware of the settlement.\nThe New York City law was signed on Tuesday.\nMaine Labor Commissioner John Hurley signed the bill into law on Tuesday, according to the release.\nThe law was drafted out of consultation with low-wage workers in the city’s hospitality industry, said Hurley, who is one of the main organizers of the 2012 campaign to get the issue on the city’s agenda for 2014 elections.\nThe measure is considered strong in a state that like many New York cities is passing similar legislation. Earlier this month, Massachusetts voters passed a law aimed at dismantling protections for workers at food chains.\nThe city has also passed labor-related legislation, including one that requires fast-food companies to pay for worker compensation insurance.\nThere is no sign of falling expectations for progress in labor law reform after a wave of recent attempts to remedy longstanding quirks in U.S. immigration laws, which have ranged from barriers to skilled workers to the extended and targeted enforcement of federal immigration law.\nSan Francisco voters last year overwhelmingly approved plans to turn city’s dangerous immigrant shipyards into big businesses and convert old warehouses to green-collar businesses.\nDeloitte & Touche LLP is representing McDonald’s in the case.\n']

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http://www.reuters.com/article/us-global-markets-idUSKBN18R01V

http://www.reuters.com/article/us-global-markets-idUSKBN18R01V

Stocks lose steam at end of solid month; British pound slips

['Richard Leong']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["LONDON (Reuters) - London’s benchmark equity index fell in value at the end of an robust month for U.S. corporate profits, with the pound falling against the euro and other major currencies.\nFILE PHOTO: People leave London's central business district after most people returned to work on December 28, 2015. REUTERS/Russell Boyce/File Photo\nThe iShares MSCI Britain ex-dividend equity index .BBST stock markets index fell 0.6 percent in early trade, led by a fall in mining stocks .BMC and blue chip telecoms .TLTJ.\nThe government said on Wednesday that the Brexit debate had resolved for the time being.\n“This outcome has enabled the government to continue with its long-term (investment) plans,” said Simon Nisbet, global head of FX strategy at Morgan Stanley in London.\nHowever, he added that he remained skeptical of the government’s ability to achieve its deficit reduction goals.\n“We wouldn’t be expecting the coalition government to be able to continue its plan without the current government appearing like it will accept defeat - so the chances for further measures are slim.”\nThe FTSE 100 index added 3.4 percent. It was not helped by big gains in miners, and oil majors, with Anglo American PLC (AAL.L) up 3.2 percent, Diageo PLC (DGE.L) up 3.2 percent and ConocoPhillips (COP.N) up 2.8 percent.\nThe FTSE fell for the fifth time in the week, dragged down by weaker UK economic data and worries over the euro .DXY, which is seen as weaker than at present.\nWorld trading between March and September this year was down 2.5 percent compared with a year earlier. The euro EUR= is seen holding below $1.08 on concerns of a possible economic slump in Europe.\nThe UK’s services sector index .MILIRA slipped 0.5 percent, signalling how growth was struggling in October. But broadly in line with other European indexes, the data was seen to have strengthened the case for gradual rate rises.\nBank of England governor Mark Carney told reporters on Friday that rate rises are only set to occur in the aftermath of the referendum, not next month.\n“I think for many people, 2014 was a hard year for inflation,” he said.\nSlideshow (13 Images)\n“That doesn’t mean something will happen at some point this year and next,” he added.\nIn Canada, Statistics Canada said that the retail sales survey for November was down in an overall decline to 0.6 percent, from an annual rate of 1.3 percent a month earlier.\nIn United States, U.S. economic growth in the fourth quarter was seen slipping to 0.7 percent.\nFor Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets\n"]

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http://www.reuters.com/article/us-usa-economy-idUSKBN18Q1BA

http://www.reuters.com/article/us-usa-economy-idUSKBN18Q1BA

Consumer spending, inflation data support Fed rate hike case

['Lucia Mutikani']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - U.S. consumer spending rose for a third straight month in November and prices hit their highest level in nearly seven years, boosting the case for a U.S. rate increase this month.\nEmployees are seen at a motor home in Denver, Colorado, U.S., December 31, 2017. REUTERS/Rick Wilking\nThe Commerce Department said on Friday consumer spending rose 0.3 percent in November, its first rise in more than three years, also beating expectations.\nIn the prior month, the household debt index fell 0.3 percent, the largest drop since February 2016. Stocks on Wall Street were mixed following the figures.\nThe Commerce Department said consumer spending rose 4.5 percent in the third quarter, still beating economists’ forecasts. That missed the median estimate for a 2.9 percent gain.\n“At this rate, we would be priced in for a hike in December” by the Federal Reserve, said Andrew Wilkinson, economist at TD Securities.\nConsumer spending also fueled increases in wages and prices. Spending rose 5.8 percent in November, the biggest gain since a 5.9 percent gain in February 2016.\nExcluding the services sector, spending increased 0.6 percent in November, topping economists’ expectations for a 0.6 percent gain.\n“While wages are getting a lot stronger, we still think we’ll see growth in inflation, at least the winter weather hit,” said Tim Conder, chief economist at futures firm Longbow Advisors.\nMeanwhile, inflation pressures are also growing. In late November, the minutes from the Federal Reserve’s last policy meeting showed policymakers thought the pace of its monthly bond purchases would slow, even though data on Thursday showed inflation had averaged 2.5 percent since May 2014.\nLast month, data showed that U.S. inflation was running at the fastest pace in nearly two years in November. Consumer spending, a major driver of economic growth, accounted for about 67 percent of this year’s increase.\nSeparately, the Labor Department said on Friday, new claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 336,000 last week. That was better than most analysts had forecast, but was a below-forecast result, due to layoffs and weakening labor market conditions.\n']

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http://www.reuters.com/article/us-usa-fed-brainard-idUSKBN18Q22O

http://www.reuters.com/article/us-usa-fed-brainard-idUSKBN18Q22O

Brainard expects Fed rate hikes but eyeing soft inflation

['Jonathan Spicer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - U.S. Federal Reserve policymakers can be expected to hike interest rates once the U.S. economy improves but a solid economic outlook is complicating their thinking, the top Fed policymaker said on Wednesday.\nA man, dressed in a gray T-shirt, and a Trump presidency protester crowd Border Patrol points at the U.S. Capitol building in Washington, D.C., January 1, 2018. REUTERS/Jonathan Ernst\nTerence Brainard, a top central bank forecaster for a decade now, stressed that the United States remains "expanding" its economy and moderating inflation was not the only time when the Fed can pick up pace.\nInflation, which has been running near the low side of the Fed’s 2 percent target, would need a specific tightening before the economy significantly improves, Brainard said.\nAsked by reporters whether a stronger economy could justify a rate hike, Brainard said such a belief continued to dominate policymaking. But he said the Fed was not in a position to make a hard call.\n“With respect to the U.S. economy, I think we’ve got a lot of numbers that can be turned around and can be pointed towards something we should start talking about,” he said.\nFed officials already are planning for slow but gradual increases in U.S. consumer prices next year, which they last highlighted in December. They want to prevent a run on U.S. bonds as inflation gets closer to full run rate, where price gains are below the Fed’s 2 percent target.\nBrainard’s remarks came ahead of Wednesday’s earnings season in which the Fed is expected to announce the top rate hikes this year.\nThe bank’s FOMC meeting is set for 830 GMT, and traders will focus on them at that time. FOMC members last raised rates in December and six others said last week that the central bank would avoid a hike this year.\nBrainard said he expected a “healthy year” for U.S. economic growth and inflation.\nThe Fed is also setting its 2019 rates, and sees “quite a degree of divergence” between each of the two as it assesses the health of the economy.\n“This is one of the more impressive ranges we have around the world,” Brainard said.\nHe expressed doubts the bank could raise rates this year or next, suggesting low rates would not be a significant factor for inflation at a time when it is producing nominal growth.\n“I‘m still not convinced the Fed will be able to raise rates this year,” he said.\n“Therefore, that’s the current path of the U.S. economy, but those numbers look fairly optimistic,” he said.\n']

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http://www.reuters.com/article/us-cypress-semicond-rodgers-idUSKBN18Q1UD

http://www.reuters.com/article/us-cypress-semicond-rodgers-idUSKBN18Q1UD

Cypress Semi’s ex-CEO gets proxy adviser support for board shake-up

['Michael Flaherty']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Cypress Semiconductor Corp said Raymond James Institutional Securities Co (JOSC.N) and Standard & Poor’s Ratings Services on Friday recommended a stockholder vote to replace outgoing CEO Steve Chen with a slate of candidates.\nThe logo of Cypress is pictured at the company's CES 2013 event in Las Vegas, Nevada January 10, 2013. REUTERS/Steve Marcus\nJOSC recommended the board to oust Chen after a tumultuous six months for the chip company, in which Chen came under fire from investors over stock-options abuses including holding on to shares for years without adding to financials.\nYieldy yields over multi-year U.S. Treasuries have soared in recent years and helped the shares to explode during Chen’s tenure, before it was marred by default-related issues.\nFollowing a proxy vote on Tuesday, Cypress put an interim CEO on paid leave and said the company had hired an outside accounting firm to conduct internal reviews of policies, including the supply of its networking gear.\nMieke is the largest shareholder of Cypress with 9.7 percent of common stock.\nThe company’s stockholders in a proxy advisory group made its dissident vote binding this week, the company said in a statement on Friday.\nCypress did not name who said they backed the slate, or give details about why the company put Chen up for the job.\n"]

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http://www.reuters.com/article/us-kindermorgan-canada-ipo-idUSKBN18Q1JT

http://www.reuters.com/article/us-kindermorgan-canada-ipo-idUSKBN18Q1JT

British Columbia political alliance vows to block pipeline expansion

['Nicole Mordant']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['TORONTO (Reuters) - Political parties representing British Columbia’s nine mayors and five members of the province’s voter-approved legislature vowed on Thursday to take steps to block a $38-billion southern expansion of Kinder Morgan Canada Inc’s Trans Mountain pipeline to reach the export market.\nIn a statement ahead of election day in the oil-rich territory on Tuesday, NDP Premier John Horgan said he would seek a referendum on whether to authorize the so-called Kinder Morgan Gateway, with potential settlement in court if the oil giant can’t move ahead with construction.\n“We must pass the same legislation that is in place across Canada to facilitate serious and expeditious infrastructure planning,” Horgan said.\nThe NDP has said it wants to end a convoluted agreement that has created legal conflicts between Kinder Morgan and Trans Mountain, which uses B.C.’s resource reserve as a lending conduit. The company owns and operates the pipeline that carries Alberta oil from Alberta to Canadian refineries in Fort McMurray, Alberta.\nAlberta’s opposition Liberals said in a statement that calling the Kinder Morgan Gateway deal a bad deal would scuttle its chances of winning a leadership race, which would help the province vote the way the center of power wanted to do it.\nSam Kratil, a close ally of Prime Minister Justin Trudeau and a leader of the opposition, said the federal government should be trying to force Trans Mountain through.\n“The federal government is using leverage to set back Trans Mountain, that’s why we are all so irked by that,” Kratil said in an interview.\nBoth parties have stepped up their protest campaign in the last week, with Horgan’s office acting as the press room.\nA midnight release on Thursday from Kinder Morgan said the Edmonton-based company had repeatedly threatened to veto proposals by both parties to create new pipelines that involve making the project more economically viable. It added the company has also warned that it would consider a new route.\nThe company said its management had put forward a plan to evaluate how it could bring new and existing Kinder Morgan pipelines to the Northern Gateway pipeline, the existing terminal, expansion of the pipeline and proposed liquefied natural gas export terminal.\n']

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http://www.reuters.com/article/us-novartis-disposals-idUSKBN18Q0NI

http://www.reuters.com/article/us-novartis-disposals-idUSKBN18Q0NI

Novartis has assets to sell, investors wary of what it might buy

['John Miller']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["BERLIN (Reuters) - German drugmaker Novartis (NVS.N) has long demonstrated assets to sell should it want to set up a business in the pipeline that would become its largest revenue generator from Asia, the head of its drug division said on Monday.\nFILE PHOTO: In this October 27, 2018 file photo, Novartis' Chief Executive Stefan Ackermann, and head of its HIV unit Robert McCusker, pose for a portrait, during the annual meeting of the Investment Association in Kemerovo, Russia. REUTERS/Sergei Karpukhin/File Photo\nNovartis had abandoned an earlier plan to invest in India over the loss of exclusivity for its naltrexone drug to one of its rivals, after a lawsuit was settled on Novartis’ behalf.\nBut the Novartis chief executive said he felt confident about the company’s prospects for expanding across Asia, where its mainstay strategy is to develop “multi-drug combinations” that target different areas.\nTo that end, he said he had acquired several core assets from Singular Ventures, a private equity fund headed by hedge fund billionaire Michael Geist, that could potentially be sold, and that it would seek regulatory approval for that transaction.\n“We’ve found a winning group,” Novartis Chief Executive Stefan Ackermann told reporters.\nPreviously, Ackermann had said that management would be looking at stakes in India and China, where Novartis generates the bulk of its sales, and might also look at investments in such countries, he said.\nIndia’s Pharmaceutical and Medical Device Association (PhDMAA) told Reuters that it would not be able to sign definitive agreements because any deals could be “by acquisition” or would require a proposal to be served in written form.\nNovartis, which is concentrating on the emerging markets with the growing importance of the Latin American region, said only it could comment.\n"]

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http://www.reuters.com/article/us-afghanistan-blast-idUSKBN18R0DT

http://www.reuters.com/article/us-afghanistan-blast-idUSKBN18R0DT

Sewage tanker bomb kills at least 80, wounds hundreds in Afghan capital

['Mirwais Harooni and Sayed Hassib']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['KABUL (Reuters) - Heavy explosions erupted in Afghanistan’s capital on Wednesday in one of the worst suicide attacks in the capital in more than a year, killing at least 80 people and wounding several others in a single suicide bombing, officials said.\nBomb attacks have been rare in Kabul over the last few months as attacks by angry street-buying gangs have cut sales to the government but the attack in the capital of Helmand province was the deadliest by a single attacker since July.\nSlideshow (9 Images)\nThe attack was reminiscent of attacks carried out by an insurgent group over the past month that wounded or killed more than 100 people. This time it was a suspected bomb placed in a civilian vehicle with unknown explosives, said Musa Qadir, a spokesman for Helmand’s Interior Ministry.\n“The incident shows how a killing spree can have a powerful effect on the people of Helmand. We shall confront the culprits,” Qadir said. “Blaming the Afghan government for running wild is a useless tactic and a crime against history.”\nKarzai said that all the victims were killed by gunfire and that security forces were responding fully. “We are trying to clear up the wreckage and make a thorough investigation,” he told a news conference, adding that security forces had reached the scene.\nHe said the attackers were “having a good time”.\nShiapar Waziri, a lawmaker in the parliament, said police had detained at least five suspects and that the attackers had been preparing to blow themselves up.\n“We are now on the move. All the people killed are alive,” Waziri told Reuters by telephone. “Today is the new reality.”\nAdding to the death toll was the statement by the Kabul police that four gunmen had been detained and that one of them was arrested and questioned.\nWith security forces deployed around the site, however, house-to-house searches were continuing.\nNo group immediately claimed responsibility for the attack. But different groups claimed responsibility for it. Islamic State, backed by al Qaeda, has claimed responsibility.\nA spokesman for the Revolutionary Islamic Alliance in Afghanistan said it would stage an “indefinite no-fly list” after the attack, which he described as an “act of treason”.\nIS and al Qaeda’s branch in Iraq have used bases in Afghanistan to stage attacks.\nAfghanistan’s security forces have been fighting an insurgency against the Taliban since a U.S.-led invasion in 2001, though still grappling with a Taliban insurgency despite limited success.\nAfghan security forces have returned to combat after the insurgency was severely reduced, with mixed results.\nIn the first major attack carried out by attackers in Kabul in more than two years, as it comes at a key deadline for approving a $1.5 billion loan, the Islamic State group claimed responsibility for an August 15 suicide bombing in the city that killed at least 22 people.\nThe Taliban broke away in 2009 in part to quell a harsh campaign by Islamic militants who are waging a two-year insurgency in the country and want to overthrow the government.\n']

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http://www.reuters.com/article/us-ohio-opioids-idUSKBN18R2BY

http://www.reuters.com/article/us-ohio-opioids-idUSKBN18R2BY

Ohio sues five drug companies over opioid crisis

['Chris Kenning']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CHICAGO (Reuters) - The families of four teenagers killed in a 2015 Ohio police shooting were sued on Thursday for damages from a crisis involving prescription opioid abuse in the state, contending they suffered irreparable injury and that the defendants did not leave any money for their victims.\nAn undated file photo shows the Commonwealth of Ohio drug crisis awareness campaign that set off a statewide drive to stop pill abuse last year, which started with a social media campaign asking people to talk about the opioid crisis. REUTERS/Jim Young/Handout\nThey also alleged that state prosecutors, their attorneys and the state-appointed treatment workers were not adequately equipped to defend themselves in court, and that the defendants had signed settlements and only learned of the epidemic when they declined to do so.\nLawyers for the five plaintiffs said in a joint filing in federal court in Chicago that their clients had suffered irreparable harm, including their health, added expenses from legal fees, lost income and short-term pain and suffering from post-traumatic stress disorder, depression and anxiety.\nSixteen grand jury indictments, filed in the wake of the December 2015 shooting of Michael Brown in Ferguson, Missouri, showed Cleveland police officers identified a man lying in the street near a suburban vehicle they had called a “drug factory” six years earlier.\nPolice have since said Brown’s death was a preventable and preventable crime. But lawyers said the case provided ample evidence that police officers aggressively stopped the hundreds of young men on their street corners from buying drugs or selling them.\nChristopher Heminger, the lawyer representing the five victims, called it a “truly terrible tragedy.”\n“After I left Cleveland in January 2015, no one has ever paid the price,” he said.\n“The question is how can we expect that in a crisis that has already taken 17 lives, when the authorities have not explained why they stopped there and why and why not?”\n']

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http://www.reuters.com/article/us-exxonmobil-climate-breakingviews-idUSKBN18R2ZM

http://www.reuters.com/article/us-exxonmobil-climate-breakingviews-idUSKBN18R2ZM

Exxon climate vote puts sector on notice

['Lauren Silva Laughlin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Jan 1 (Reuters) - Exxon Mobil Corp is expected to receive major industry criticism over the environmental impact of its decision to divest 100 per cent of its refining unit operating shares from Total SA, while its energy and health sectors include Fortum SA and Pernod Ricard SCO.\nThe vote, expected to be held on Jan. 14 in France and won by Total , sets up a formal conflict of interest for the Canadian oil and gas giant, which is reviewing Exxon’s new emissions commitments and refineries in Asia.\nBritain’s Better Together movement says Exxon’s moves harm public health, are too small and have little to do with its policies or the company’s investment decisions.\n“This is important because we are conducting a global climate change review to ensure we deliver on the commitments our shareholders have made in the last five years to reduce emissions. We recognize they may not always be the right decision, but they are the right thing to do,” Antoine Minoitre, of Better Together, said at a meeting in London.\n“Companies like Exxon want to make sure that they are making the right decisions that pay off for Canadians.”\nExxon did not respond to a request for comment.\nTotal’s restructuring bill may be far bigger for Exxon, which on Tuesday called on the government to consider its pledge to cut emissions by 26.2 per cent from 2015-19 levels as part of a 60 billion pounds ($64 billion) investment in refineries.\nExxon Chief Executive Patrick Marchionne said in December that he considered investing in the resale of new equipment and technology to cut pollution, and that he was personally opposed to any approach from Total that did not cut climate change from a company’s overall energy footprint.\nA production issue in Brazil may also be a factor, as Tillerson’s Marchionne told Reuters in December, acknowledging the regulatory environment is challenging for energy producers and individuals.\nEnEnq (EnEnq.fr) is seeking to up its share ownership of rigs and refineries after the sector became increasingly important for oil prices and supplies, said spokesman Rafael Marques.\n“We’re hoping to capture a portion of the upside,” he said.\n($1 = 0.9206 pounds)\n']

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http://www.reuters.com/article/us-usa-climatechange-trump-idUSKBN18R1J4

http://www.reuters.com/article/us-usa-climatechange-trump-idUSKBN18R1J4

Trump dismays, angers allies by abandoning global climate pact

['Valerie Volcovici and Jeff Mason']

01-01-2021

reuters.com

success_wayback

gen

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['WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday condemned as “insulting” a U.N. plan to curb global warming after saying it was not a viable option.\nWhite House adviser Jared Kushner, Trump’s son-in-law and Treasury Secretary Steve Mnuchin and NASA Administrator Jim Bridenstine, the chair of the United Nations Climate Change Conference in Manama, Bahrain, attend a meeting of the University of Toledo in Toledo, Ohio, U.S., January 1, 2019. REUTERS/Paul J. Richards\nTrump told a gathering of world leaders that it was time for the U.N. to step up its efforts to stop global warming — not just at climate talks in Paris. He implied, “cannot win” on climate change unless he is approved by the U.N.’s 192 members.\nHe also said that the deal for trying to make it work was “not only great, but important.”\n“I can assure you that all of you who are on this Earth, you are not going to let us become an instrument in opposition to innovation or progress,” Trump said as he spoke at the University of Toledo campus.\nZbigniew Brzezinski, host of the Russian news program “Morning Joe,” said that Trump was “making excuses and throwing thorns” against any members of the U.N. Climate Change Conference.\n“All the world has to do is reduce our emissions,” Brzezinski said, referring to the U.N. declaration on Monday that keeps global warming below 2 degrees Celsius above pre-industrial levels.\nTrump has said he wants to revise the conference’s climate change goals, but it is not clear whether he will agree to that or not, said a senior official at the White House and the European Union, who asked not to be named.\n“It is a classic White House ploy to bully Congress into not taking climate changes seriously,” said the official, who spoke on condition of anonymity.\n“The President has the opportunity to say there is no place for this kind of talk. We all know what happens when you’re in this conference,” the official said.\nNo votes have been taken yet on the deal, with several countries concerned that European nations’ likely influence would diminish, as would the scale of the agreement. Some of the prominent opponents of it say Russia is trying to turn a blind eye to Washington’s threats to intervene.\nThe top U.N. climate official said on Monday there was nothing wrong with saying there was no way for the nations of the group to reach a world agreement, even if they did not represent most of the U.N.’s 194 member nations.\nObama said last year that it was time for a global deal to phase out most of the fossil fuel emissions that scientists say account for a third of greenhouse gas emissions. He urged Congress to vote on this bill to help avert a U.S. coal-burning power plant plant disaster.\n']

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http://www.reuters.com/article/us-usa-climatechange-trump-mit-idUSKBN18S6L0

http://www.reuters.com/article/us-usa-climatechange-trump-mit-idUSKBN18S6L0

Trump misunderstood MIT climate research, university officials say

['Emily Flitter']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - White House chief of staff John Kelly’s conciliatory approach to climate change — even admitting to it — underlined the severity of the global challenge, says a top university leader, who told U.S. television news show “Face the Nation” that the president does not consult with the civil engineers he consulted with about what the future of their research is.\nFILE PHOTO: President Donald Trump celebrates the fact that the final flights of his elephant tusk are cleared by oceanographers, June 2, 2017. REUTERS/Jim Young/File Photo\nKelly was speaking on Tuesday at the free weekly television interview show on Fox News’ “Fox & Friends,” during which he came under criticism for his comments in a Wall Street Journal interview on Dec. 12.\nTrump declared in a televised response that “we can deal with global warming,” but without providing details, citing concerns of the environment that he was repeatedly hitting to show he was the country’s top diplomat on climate change issues.\nMany scientists in Trump’s climate change agenda have said he has been reluctant to make major investments in clean energy in order to have a national security impact.\nTrump tweeted on Dec. 20: “The Federal Government has lost its ability to invest in clean energy, which has already caused huge reductions in carbon pollution in the United States as a result of it.”\nThe Obama administration in 2015 took steps to curtail and mitigate climate change pollution by switching to global models. Trump, for his part, appears to have bowed to pressure to act. In an interview in November, Trump claimed his approach wasn’t based on the advice of former U.S. ambassador to the United Nations in the 1970s.\nTrump, the son of a Harvard business school professor, acknowledged the energy issues at a dinner with North Korean leader Kim Jong Un in Washington in November, but said the relationship with North Korea was built on mutual respect.\n“Our goal is to have a smooth and calm relationship and mutual respect,” Trump said, who then said North Korea might challenge the United States at the United Nations if it were coerced by China to halt its nuclear programs.\nWhile the administration has tried to cooperate with China and other countries in efforts to tackle global warming through possible diplomatic recognition or sanctions, in recent weeks, the two sides have shown strains, according to sources close to the matter.\nFILE PHOTO: President Donald Trump gestures during a high-level White House meeting on the Korean Peninsula, China's National Defense Ministry said on October 27, 2018. REUTERS/Stringer/File Photo\nIn response to the debate, the head of the National Center for Climate Prediction and Scientific Research, Frank Kendall, said there would be no agreement about the direction of climate change based on the National Climate Assessment.\n“What we look at is, when we look at global temperature trends, it’s an extremely difficult factor because of the climate change process that is occurring,” Kendall said on Fox Business Network on Sunday.\nPeople including former Vice President Mike Pence and Democratic and Republican U.S. Senator Jeanne Shaheen have said they may vote to confirm Trump to the Supreme Court, an event that had slowed or stopped Obama’s court action, after he went against the advice of three retired federal judges in his re-election bid.\n“I think we’re cautiously optimistic that it’s just going to be a subject where he can start,” Illinois Senator Patrick Leahy said on “Fox News Sunday.”\nKendall said he wouldn’t rule out another primary challenge to the nomination.\n“In the last two election cycles, obviously with a lot of electorate concerned, we’ve seen a big increase of attacks on our efforts in some circumstances,” he said on ABC’s “This Week.”\n"]

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http://www.reuters.com/article/us-usa-climatechange-states-idUSKBN18S6PI

http://www.reuters.com/article/us-usa-climatechange-states-idUSKBN18S6PI

California, other states vow to lead as Trump exits Paris climate pact

['Peter Henderson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Twenty-two states are to hold their first climate panels in the United States in November, pledging to deliver more real progress on tackling climate change even as President Donald Trump is dithering over whether the Paris agreement is needed.\nU.S. President Donald Trump and U.S. Climate Change Secretary Craig Fugate (R) lead the U.S. Energy Independence and Climate Action Plan (ECDAP) at the White House in Washington November 30, 2016. REUTERS/Kevin Lamarque\nThe agreements by the world’s main nations to come into force in December with a limit on rising temperatures could hamper investments in developing clean energy and reduce greenhouse gas emissions. Even without a cap-and-trade system, companies have already estimated that power shortages in the United States and elsewhere can help keep global warming to below 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial levels.\nBut the fires of his administration that have threatened to burn the planet as they sweep ahead since last year are giving influential Republican governors a chance to look outside Washington to push Congress to pass climate legislation.\n“The planet is not safe. And we are focused on it,” California Governor Jerry Brown told Reuters. “What we are doing, is re-vamping the federal portfolio. We are re-evolving the U.S. economy to an improved energy future.”\nCalifornia and two other states — Hawaii and Tennessee — plan to be at the forefront of promoting a renewable power mix that offsets carbon from power plants. U.S. companies can invest billions in renewable energy because of the climate and “meaningful investments” left behind, but expect to find it extremely difficult to compete for new jobs in production.\nBrown was preparing his state for more robust climate legislation from Republican and Republican-led states on the ballot by Thursday, having secured enough signatures to give his state the U.S. Senate seat that qualifies for the measure.\n“We are already pioneering energy policies around the country,” said California state Treasurer Bill Lockyer, whose state is starting to collect just under 1 million signatures in the lead-up to the November election. “It’s something that we want to see impact our economy.”\nCalifornia alone employs 200,000 people and has a percentage of gross domestic product about 18 percent below the U.S. average, due to aging facilities and insufficient electricity.\nREGIONAL CHALLENGES\nThe EPA announced a national rule this month urging states to limit greenhouse gas emissions from power plants which would cost taxpayers billions of dollars in damage.\nThe Trump administration has balked at additional spending on clean energy development, while more direct federal aid to the states.\nSenator Bob Corker of Tennessee, who chairs the Senate Foreign Relations Committee, told reporters on Wednesday that federal funds to fund U.S. renewable energy development have been slashed.\n“I’m glad that we are doing this and that we are finally coming to grips with the fact that, even if we don’t give up, we can still get these things done,” he said.\nEven California, with an estimated third of the U.S. greenhouse gas emissions, has grown an economic push to promote green power.\nU.S. Chief Technology Officer Ken Ham said Sunday that California’s Climate Change Task Force on Wednesday will gather data on how far it can push states ahead of schedule on clean energy energy goals, with an exact number “always going to be determined in due course.”\nHe said at a White House news conference that California is “stalking off” to 2020 if it fails to improve output of carbon-intensive power plants or worsen emissions from power plants.\nPushing forward with tougher pollution controls from power plants, more efforts to make it easier for business to keep business customers well supplied are increasingly planned, Ham said.\nIn addition to the measures in California, others that will be offered to help reduce pollution will be offered this month.\n“I want this to be a really positive gesture to leaders, to businesses, that they can help,” Senator John Barrasso, who said California could go to a binding Senate vote on climate change legislation during his two terms, said on Wednesday.\n']

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http://www.reuters.com/article/us-usa-epa-buyouts-exclusive-idUSKBN18S6N5

http://www.reuters.com/article/us-usa-epa-buyouts-exclusive-idUSKBN18S6N5

U.S. environmental agency to offer buyouts to cut staff: memo

['Valerie Volcovici']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The Environmental Protection Agency will allow buyouts of entire staff and discretionary layoffs “through informal actions” that could have the full force of the federal courts if the job losses are confirmed, a memo filed by the agency said on Wednesday.\nThe letter from EPA Administrator Scott Pruitt to Federal Vacancies Commission staff said the actions would apply to incoming high-level managers and would permit the agency to investigate instances when conflicts of interest forced staff layoffs.\n“In other words, I’m going to be willing to open the door to accepting handouts of unwarranted professional damage if we can find the prior CFOs and CFOs who had tried to promote staff they’re still not interested in,” Pruitt wrote in the letter to EPA Recost General Counsel Chris Diaz.\nIn a statement, Diaz said the letter would be “prejudicial and irresponsible” in preventing agency employees and contractors from benefiting from government contracts.\nPruitt proposed a joint proposal with Rodriguez Chenoma, co-author of a report last year on the Trump administration’s climate change policies. The White House was not immediately available for comment on the letter.\nRodriguez Chenoma said the EPA had been facing increasing needs for staff “particularly with respect to job attrition and retirements.”\nPetitions for proposed amnesties were filed for 34 EPA administrative staff, Cao said.\nThe Trump administration has come under fire from the Green Belt Environmental Coalition, a coalition that claims EPA too cozy with industry, in part by inviting local green groups to a coal industry rally in Oakland, California.\nThat rally was canceled as a result of pressure from the Green Belt Environmental Coalition and the American Lung Association. A 2016 EPA statement did not mention the Trump administration or the EPA.\n']

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http://www.reuters.com/article/us-usa-kushner-investment-idUSKBN18T00E

http://www.reuters.com/article/us-usa-kushner-investment-idUSKBN18T00E

Three lawmakers question Kushner Cos on concerns over White House tie

['Julia Harte']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON Two House lawmakers want to know whether President Donald Trump Jr. is continuing to negotiate with Kushner, his father-in-law, over Kushner Cos’ business dealings in Russia.\n“The president’s dealings with Kushner are of questionable quality,” said Rep. Devin Nunes, the Republican congressman leading the oversight committee’s probe into the 2016 campaign efforts.\n"Even when you’re trying to get deals done, this is the best possible way to go,” Nunes said on an interview with CBS’s “Face the Nation.” “The real question is: do you still believe that he took the lead?”\nNunes wrote on his blog on Wednesday that Kushner Cos, through his firm, The Kushner Companies, is “conducting the normal vetting process” for government contracts, and met with Trump and his family to assess their businesses and principles.\nSeparately, Nunes said he believes Trump Jr. is acting improperly, adding that the president “needs to get this completely cleared up” so that he can pursue business deals with his father-in-law.\nDuring an interview with CBS, Nunes revealed that Kushner Cos, the company the president’s half-brother founded with his father in 1990, is assessing the risk of conflicts of interest because of his family’s interests in the president’s business interests.\nTrump has said he expects to fully divest his stake in the company, but he has been unclear on whether that plan would include his son or something else.\nIn a statement to Reuters on Wednesday, Trump’s personal attorney, Michael Cohen, denied that Trump, 40, is planning to divest his shares in Kushner.\nKushner’s model of relationship with Trump’s firm can be interpreted as a business arrangement, he said, in which Trump does not take a lot of client advice and favors from the company.\n“When he sends a letter to some or all of your executive officials, it’s not a company transaction,” Michael Cohen said. “There are no obstacles to this process.”\nAdditionally, Cohen said that Kushner has not reorganized any of the companies and intends to maintain his part of the family business.\n“Mr. Kushner has always been building a business relationship with his dad-in-law through a relationship with his parents,” Cohen said. “He believes that he does not want to further complicate the process that he would have under normal circumstances and he will not conspire with anyone on behalf of his father-in-law.”\n(Reporting by Julia Harte; editing by Grant McCool)\n']

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http://www.reuters.com/article/us-philippines-resort-idUSKBN18S63W

http://www.reuters.com/article/us-philippines-resort-idUSKBN18S63W

Gunman torches Philippine casino, killing dozens in panic

['Manolo Serapio Jr and Neil Jerome Morales']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PRETORIA/MADRID (Reuters) - A gunman opened fire inside a marina in southern Peru, killing at least 64 people and seriously wounding dozens of others, police said on Tuesday.\nPolice search the marina where a man killed three people, destroying a part of it, while several dozen people were wounded during the attack, whose origin is unclear, on Monday, in Moncal, southern Peru, January 1, 2018. REUTERS/Jorge Silva\nThe gunmen stormed the casino where most tourists stay and killed 53 people, the main office of the local police’s commander Lieutenant Ednio Polyiricio told Reuters.\nMany of the people were shot and wounded after the gunman fired at bystanders trying to enter the casino as they tried to flee, he said. It was unclear how many people were hit and if the authorities could confirm the toll.\nNine gunmen were shot dead in the rampage, bringing the total number of gunmen to at least 63 killed and 69 wounded.\n“The gunmen fired across the yard, finally shooting back at the restaurant’s crowd with automatic weapons,” said Lieutenant Ednio Polyiricio.\nTemperatures on Monday hit highs of 45 degrees Celsius (101 degrees Fahrenheit) before returning to normal at midday as people spent the night at the market.\n“Temperatures have been getting lower and lower so that it isn’t a good time to look at the lake bed because people are worried about the loot,” fisherman Jahi Beri.\nThe massacre comes a day after a shooting spree that killed at least eight people in another casino in the country’s Norte del Valle province in central Peru.\nAuthorities blamed the pair of attacks on gunmen but at least four were killed in a firefight at the drug trade’s pueblos-cum-barrel oil refineries in the northwest city of Quiitepec, four months before a similar attack on another casino.\nIn a statement on Tuesday afternoon, Paragu, Peru’s federal police, said the shootings were the worst they had seen. They say they were operating in the casino’s waterside parking lot and were being hindered from entry by elements of the building’s building.\nThe Peruvian government on Tuesday reported that Peru’s tax inspectors were investigating the shooting.\nThe police director for the center of the country’s intelligence service, Francisco Moutinho, confirmed the killings on Tuesday. Peruvian President Pedro Pablo Kuczynski on Monday condemned the shooting and urged authorities to find those responsible.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKBN18S4W5

http://www.reuters.com/article/us-usa-stocks-idUSKBN18S4W5

Wall Street rises as data points to accelerating economy

['Chuck Mikolajczak']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Wall Street is rising on Friday, with trade data and lingering concerns about the U.S. economy showing how early the new year is faring.\nThe scene in downtown New York, in the heart of the financial district, Monday December 30, 2015. REUTERS/Mike Segar\nU.S. stocks rose in the wake of a report that added to the expanding U.S. economy’s prospects the most in two years. The latest reading on nonfarm payrolls, also released on Friday, was stronger than Wall Street had expected.\nHere is a look at the forces that could push the S&P 500 index higher on Friday.\nAHEAD\nS&P 500 futures rose 0.36 percent on the day.\nCHART IMMENSE\nThe Dow Jones Industrial Average .DJI rose 166.27 points, or 0.56 percent, to 24,143.34, the S&P 500 .SPX rose 35.85 points, or 0.86 percent, to 2,243.44 and the Nasdaq Composite .IXIC rose 109.47 points, or 0.82 percent, to 7,339.58.\nU.S. markets are now closed for a two-day holiday, while the number of corporate earnings reports is usually released on Friday and Tuesday.\nThe euro zone’s PMI index is expected to have strengthened to 48.3 from 52.7, from an earlier estimate of 48.1. The euro is down 0.63 percent against the dollar after hitting a 15-month high on Wednesday.\nThe yen weakened sharply against the dollar on Friday on the scale that could see weakness and foreign investors selling the greenback against the euro.\nCLADLADY’S CURRENCIES\nThe dollar hit a 10-year high against the yen on Friday at 127.41 yen after 10-year yields hit 10-month highs.\nS&P 500 \x7fN=D4>, which had been trending lower since the end of November, retreated as bond yields rose, causing investors to “buy the dips,” analysts at Barclays said.\n“Many European countries are exiting the euro zone, so people are looking for dollar/yen,” said Ken Polcari, head of trading and investment strategy at BMO Asset Management in New York.\n“I think it’s possible Greece or Portugal or Spain will either announce a need for refinancing or bond buying by G7 countries,” Polcari said.\nThe dollar index, which measures the greenback against a basket of six major currencies, was last down 0.11 percent at 98.04.\nOil prices are priced in dollars, meaning analysts think the dollar will push up inflation rates over the next six months and eventually lower oil prices in the United States.\nBrent crude CLc1 LCOc1 traded up 2 cents at $51.40 per barrel.\n“Oil prices have slumped. We will see the dollar getting stronger. ... If crude prices go down below $50, and another few weeks, we will see that as well,” said Thomas Renzazzo, director of fixed income at Fiduciary Management LLC.\n']

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http://www.reuters.com/article/us-global-forex-idUSKBN18T00S?il=0

http://www.reuters.com/article/us-global-forex-idUSKBN18T00S?il=0

Dollar sinks to seven-month low after soft U.S. jobs report

['Gertrude Chavez-Dreyfuss']

01-01-2021

reuters.com

success_wayback

gen

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['NEW YORK (Reuters) - The dollar ended a losing streak against a basket of major currencies on Friday after details of a soft U.S. jobs report kept the U.S. central bank in the market and on odds for short-term interest rates to stay low.\nDollar note is seen in this May 29, 2016 illustration photo. REUTERS/Thomas White/Illustration\nA repeat of the summer’s trend of low-low rates is key to driving the greenback to its recent rise, which has occurred after previous policy tightening, which saw highs in yields as the Federal Reserve’s rate hikes, came into force.\nBut since the start of this year, yields on shorter-term U.S. Treasury debt have risen and both U.S. Treasuries and Bunds have been negatively impacted. In addition, U.S. government debt yields rose earlier in the week after the Labor Department showed moderate unemployment.\nA U.S. government report showed monthly jobless claims fell by 0.3 percent to an unrevised 581,000, following a revised 2.1 percent increase in January. This was the first reading below economists’ estimates of a rise of 171,000.\n“The data today comes pretty close to predicting that the Bank of Japan is going to be firing every one of its ammunition in the fiscal camp soon so they’re going to keep buying Treasuries, but the Swiss National Bank has a comment coming out on Wednesday which stated that it doesn’t expect to deliver a rate increase until the end of next year,” said Sheng Yat-Soo, president of Niels Bohr Asset Management.\n“As we haven’t seen a trend like that since July, the ECB will probably follow the Swiss decision.”\nSpanish bond yields dropped, with yields on several five-year notes under 10-year or 10-year debt the lowest for two years.\nThe euro EUR= was last down 0.3 percent at $1.2238, having fallen almost 1 percent on Thursday to slide 0.9 percent to its lowest level since December 2014.\nThe rally in debt sold off European equities, which currently sell off the most from a record high of 1.396 percent on Thursday.\nGermany’s DAX .GDAXI plunged 1.8 percent and Italy’s FTSE MIB .FTMIB dropped 1.6 percent, also hitting a record low.\nIn the euro zone, shares in Greece dived 6.3 percent on Friday as demand weakened in the government’s bond market test on Thursday evening, a day before the ECB meeting with the view that policy changes would need to be carefully watched and ready for any further push.\nThe euro also dropped to a seven-month low of $1.2041 against the dollar, having hit a low of $1.2110 last week.\n']

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http://www.reuters.com/article/us-tech-startups-idUSKBN18S6PE?il=0

http://www.reuters.com/article/us-tech-startups-idUSKBN18S6PE?il=0

Biggest venture-backed companies worth nearly $500 billion: report

['Salvador Rodriguez']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A blockbuster deal for WarnerMedia said on Monday that the top two venture-backed companies were worth more than $500 billion and that several was worth triple that amount.\nThe picturesque film hub of Hong Kong is seen through a mistshifting glass cupboard in this file photo. REUTERS/Bobby Yip/Files\nThe investment in several fast-growing Japanese companies, which peaked at over $30 billion in 2005, is by far the largest in history, a Bloomberg Businessweek survey of global media companies and investors found.\nThe latest round of deals includes a purchase of AwesomenessTV, which in December sued a Saudi content company that included stars and other personalities in its domestic content.\nSoundCloud, Suninghoko Networks and Chorus are also announced, representing a wave of value not shared by other U.S. media and entertainment companies, the study found.\nIn a major consolidation of the entertainment and media sector, a 6.4 percent stake by Viacom Inc (VIAB.O) in Japan’s Saffron Stocks Ltd (600572.T) was valued at more than $2 billion after it bought a majority stake in THX Entertainment Inc THX.UL.\nMonetization of the market’s resources is one of the main concerns at the moment, with few companies able to match the size of the growth, the report said.\nBuying smaller firms helps make big investments while letting them diversify.\nThe deals include a deal with TPG Digital Entertainment (TPG.A) to acquire 26.1 percent stake in China’s Chinetainment and a deal for an 81 percent stake in U.S. online streaming service Starz Entertainment Holdings Ltd.\nMalaysia’s TPG invested $100 million over the past five years in capital acceleration deals and debt funding vehicles, according to a company statement.\nBackers of multiple M&A strategies include Accel Partners, ICBC Global Investments and JPMorgan Chase & Co.\n']

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http://www.reuters.com/article/us-usa-climatechange-trump-debate-idUSKBN18S6PO?il=0

http://www.reuters.com/article/us-usa-climatechange-trump-debate-idUSKBN18S6PO?il=0

Trump’s Paris decision followed debate between moderates, anti-globalists

['Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump speaks at a public school at Georgia’s Fort Ellison High School in Fayetteville, Georgia, U.S., December 14, 2017. REUTERS/Steve Holland\nWASHINGTON (Reuters) - When U.S. President Donald Trump made his surprise decision to withdraw from the Paris climate accord, he attracted a new stream of anti-globalist and anti-Trump politicians.\nThe decision sparked bitter divisions within the Trump administration, with lawmakers calling it an attempt to seal the fate of a climate agreement set to expire in June.\nIt also prompted powerful backlash from voices within the United States who said the decision could set a dangerous precedent for future protectionist moves.\nIn a conservative congressional seat north of Washington, where Republicans control the House of Representatives, five Republican senators called for Trump to stop the withdrawal on Dec. 28. “I don’t believe this unilateral departure will start an unraveling of this historic accord,” said Republican Senator Lindsey Graham of South Carolina.\nMatt Apuzzo, a senior fellow at the conservative think tank Heritage Foundation, also called for the president to revoke all diplomatic accords signed by former president Barack Obama, a conclusion that sparked heated debate.\n“It’s really Trump’s decision, if there was a choice, this is who wins it,” Apuzzo said.\nBy the time Trump made his announcement, “we already had a worldwide agreement broken, and he had to decide if to withdraw or never to renegotiate it,” Jeff Hesse, a spokesman for House Speaker Paul Ryan, told reporters.\nSome experts cited the atmosphere inside the administration as evidence of Trump’s desire to revoke or scrap the accord.\n“Basically, the president was pulling out of the Paris agreement, which means he’s rescinding the executive order on our country that was basically put in place by Obama. If he had done that, they would have signed that,” said Senate Majority Leader Mitch McConnell, one of the leaders of the three Republican-led panels that drafted and issued the executive order.\nIn January, the administration had revised the order after taking into account climate changes and under the authority of Congress and President Barack Obama.\nThis now takes effect automatically if the Obama administration reversed itself after 52 days, rather than a month, and grants more unilateral waivers, leaving 27 states and provinces under the so-called “regime changes” rule, a blend of binding rules covering goods, services and travel.\nIt’s a risky move for Trump, who has made climate change a running theme of his 2016 campaign for the White House. Before the decision, he campaigned on the idea that his administration would impose “sweeping new environmental standards” on corporations and services that are vital to the nation’s future prosperity.\nIn response, the Trump administration withdrew from the Paris agreement, as did other countries with binding rules on the environment. (bit.ly/2PjBNeV)\nThe move drew sharp criticism from some allies of the administration from environmental activists and business leaders.\n“It has been remarkable that the President has made the decision this way,” said AFL-CIO President Richard Trumka in a statement. “Many Americans voted for Donald Trump to protect American jobs. That is not who we are.”\nNevetheless, it was unclear how the newly won Republican majority in the House would see it, since it carried the balance of power in the Senate and, particularly, as well as the White House.\n“It’s not very obvious what the bill would accomplish in terms of enforcement, but right now all Republicans, including Republican lawmakers, are united in opposition to it,” said Representative Tim Murphy, a Democrat from Pennsylvania.\nAsked to comment on a change of leadership in the House, Representative Mitch McConnell told reporters that the House already had a “large bill” for ensuring that all aspects of U.S. energy policy, including the specific laws for natural gas pipelines, needed support from Republicans.\n']

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http://www.reuters.com/article/us-akzo-m-a-ppg-inds-bid-idUSKBN18S6KU?il=0

http://www.reuters.com/article/us-akzo-m-a-ppg-inds-bid-idUSKBN18S6KU?il=0

How PPG lost its $29.5 billion bet on Dulux paint

['Pamela Barbaglia and Toby Sterling']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK/DULUX, Georgia (Reuters) - The 7.7 percent stake in PPG Industries LP’s troubled Dulux paints unit fell more than 4 percent on Friday, hurt by ongoing accounting concerns and a shakeup by the company, as it sought to diversify and win customers in a booming U.S. market.\nFILE PHOTO: The company logo is seen at a company stores in Englewood, Colorado November 29, 2013. REUTERS/Rick Wilking/File Photo\nAn investigating board of directors convened by the Deerfield, Illinois-based maker of urban streetslides and hospital linens has identified a series of reasons why the company did not get better in the second quarter and lowered its earnings guidance for the year.\nCredit Suisse and Jefferies are now looking at taking the company private, sources familiar with the situation said.\nA board of directors review “colloquially,” according to PPG, which has 18 months to go to get the matter resolved before publicly-traded shareholders can do so.\nPPG on Thursday declined to comment. Jefferies was not immediately available for comment.\nDulux shares fell 4.5 percent, or 87 cents, to $37.72, valuing the company at $14.5 billion.\n“All the issues that we had in the secondary, and the concerns they had to deal with, all sorts of things connected with Dulux is something that’s not going to go away,” Burt Flickinger, an analyst with Morningstar, said in a phone interview.\n“This may be considered the textbook example of a turning point,” he said.\nDulux Chairman P. Todd Grothman told a shareholders meeting on Thursday that it was a product issue “without an economic reason”.\nNON-SECURITY AT RISK\nThe board will also need more information about the company’s finances, chief financial officer Michael Harris told the meeting.\nThe warning was not unexpected. After all, questions surrounding Dulux shares ran for more than a year between February 2014 and March 2014, when it was made public.\nDespite CEO Drew Gulley’s comments and pledges in earlier remarks to improve customer service, the company’s stock has been down 3.5 percent this year.\nAn analyst who requested anonymity to discuss internal deliberations said the board should either discuss direct selling or outsource its workforce or require additional measures to ensure compliance with accounting standards.\nThe supervisory board is discussing restructuring, Harris said. “We think the best thing we can do now is get the business back on track and find ways to improve margins,” he said.\nThe company was left with less than $1 billion in annual sales last year.\nThe information gathered by the investor comes as the company, which is widely used by investors and experts to forecast earnings, reported more than 80 percent revenue growth.\nThe dive in Dulux shares comes in an industry that has been in a downturn. Of the four largest paint companies in North America, much of the weakness has occurred in industrial markets such as Europe and Asia, according to research firm market consultancy Dealogic.\nPPG, which holds 78.8 percent of the U.S. paint market, also trimmed its guidance for the year to 60 cents a share, from 79 cents a share. The company also reiterated its earnings outlook for 2019, before needing a new round of cost-cutting.\nBut PPG said on Thursday it would publish its results in April and that it planned to begin restructuring Dulux. That forced top executives and two of its chief investment officers, Patrick Foley and Joseph Smart, to step down as directors of the company in December.\n']

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http://www.reuters.com/article/us-lululemon-results-idUSKBN18S6E9?il=0

http://www.reuters.com/article/us-lululemon-results-idUSKBN18S6E9?il=0

Lululemon to close Ivivva stores during online push, profit beats

['Solarina Ho']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Lululemon Athletica Inc (LULU.O) said on Tuesday it would close three stores this year in an effort to increase its online presence after a surge in sales of yoga apparel and their accessories eroded same-store sales growth.\nFILE PHOTO: A man walks past Lululemon Athletica logo on a door at the company's Vancouver headquarters in Vancouver, British Columbia, British Columbia, May 16, 2015. REUTERS/Andy Clark/File Photo\nThe company will close 11 stores starting Jan. 17, reporting fourth-quarter and full-year results for the period ended Dec. 31.\nThe third quarter will end on Dec. 31, a Reuters analysis of company filings showed.\nA big reason for Lululemon’s internet growth was a sharp rise in sales of yoga apparel that added more than 10 percent year-over-year.\nThe food chain was hurt by slowing sales growth of its yoga pants and hiking products. The yoga pants also had been under pressure in recent quarters because of concerns about the risks of spicy ingredients used in yoga gear.\n“The trend of growth over the last few years of particularly high-end yoga pants, yoga apparel and even hiking products being relatively well capitalized, including backpacking by the CEO (Andy) Pointer, was good news to share,” Lazard analysts said in a note to clients.\nBut they urged Lululemon to keep expanding online, arguing that revenue growth would continue to be driven by international expansion.\nLululemon is expected to report fourth-quarter results later on Tuesday. Analysts expect the company to report a profit of 82 cents per share on revenue of $1.21 billion for the quarter.\nAdjusted earnings per share fell 13 percent to 30 cents, missing forecasts of 33 cents.\nNet sales rose 15 percent to $967.5 million in the period. Analysts on average had expected a loss of 59 cents per share on revenue of $979.1 million, according to Thomson Reuters I/B/E/S.\nLululemon’s shares ended up 0.6 percent at $114.81 in afternoon trading.\nThe Vancouver-based company, which launched a platform in 2015 and won the right to sell its yogawear under it and sell through licensed retailers, said it would “strategically and strategically” reduce costs.\nLululemon expects online sales to increase about 20 percent to 30 percent over the next three years, and to triple to the 180 stores it has created in China.\nLululemon said it plans to expand the online presence at up to 75 stores in the U.S. by 2021.\nThe company said it will now price the product below competition and will limit online sales.\nU.S. U.S. West, which operates under the LiLo brand, said it is using the new technologies of technology to ensure “maximum efficiency” with prices rising even with online demand.\nLululemon said its guidance for a full-year net loss of between $438.8 million and $445.8 million includes “the following:”\n(1.0 percent growth in sales and 7.0 percent growth in adjusted earnings; and a 25 percent reduction in the value of accounts receivable.\nGroup 3 at 15:00 GMT on Monday: b2.vs.\n2.5 pct sales - In line with expectations\n"]

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http://www.reuters.com/article/us-northkorea-missiles-un-idUSKBN18S5PD?il=0

http://www.reuters.com/article/us-northkorea-missiles-un-idUSKBN18S5PD?il=0

U.N. council to vote on blacklisting more North Koreans: diplomats

['Michelle Nichols and James Pearson']

01-01-2021

reuters.com

success_wayback

gen

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['UNITED NATIONS/NEW YORK (Reuters) - The United Nations Security Council will vote on Tuesday on a blacklisting of some North Korean officials, diplomats said, taking a symbolic step closer to a possible resolution in their country’s nuclear standoff with the United States.\nThe blacklist, whose tag line would mean “7,612,” said it would also include another North Korean official, a spokeswoman for North Korea’s U.N. ambassador said.\nThe UNSC could then decide to reinstate the blacklist within 10 days, including a ban on “announced acts of provocative or illegal activity,” diplomats said.\nA U.S. diplomat, who requested anonymity because he is not authorized to speak to the media, said there was no vote at this stage on the blacklist.\n“That’s really unprecedented. They’re really not talking about it,” the diplomat said.\nAmbassador Michael Oren said the U.N. sanctions agency, the U.N. nuclear nonproliferation agency, was working with the Security Council on the plan.\nPresident Donald Trump has threatened to blacklist North Korea if it violates UN sanctions imposed on Pyongyang in response to its nuclear and missile programs.\nNorth Korea said the U.N. Security Council had the power to reverse its UN sanctions before it adopted new ones.\nTrump has threatened to veto the Security Council’s resolution by a 3-2 vote and repeated threats of war, risking a diplomatic crisis that would undermine his fragile U.S. efforts to clinch a nuclear deal with China.\nOne U.S. diplomat said it was too early to say whether the blacklist would get a fast-track approval.\nHowever, Chris Gunness, an aide to Trump who has been closely involved in lobbying Russia, said the U.N. sanctions agency was now poised to propose that as a “normal” measure and could take similar steps.\nIn November, the council voted unanimously to label six North Korean officials as “high-level officials” of the ruling Workers’ Party of Korea (PPRK), including North Korea’s supreme leader, Kim Jong Un.\nA second U.N. diplomat said he hoped the U.N. inquiry was able to confirm North Korea’s name for the authorities.\nOfficials in Pyongyang have said if the agency were to fire Kim Jong Un and his deputy Kim Jong Un as punishment for staging a weapons test, it would be to “fundamentally damage the relations between U.S. and DPRK.”\nBut the U.N. diplomats said, while the council may vote on the blacklist later, the council should still go ahead with its motion to refer Kim Jong Un to the International Criminal Court.\nTalks between Washington and North Korea began more than five years ago in an attempt to prevent or resolve a decade-long standoff over the nuclear and missile programs.\nTrump first sought to revive diplomatic efforts to restart the negotiations. U.S. State Department officials have publicly stated that the U.S. president is now “deeply troubled” at the prospect of the nuclear talks being halted.\n']

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http://www.reuters.com/article/us-usa-trump-viewsroom-breakingviews-idUSKBN18S6A3

http://www.reuters.com/article/us-usa-trump-viewsroom-breakingviews-idUSKBN18S6A3

Viewsroom: Donald Trump can’t melt Paris accord

['Antony Currie and Jennifer Saba']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Empire State Hotel in New York is seen through a window of the Empire State Building in New York, U.S., January 1, 2018. REUTERS/Shannon Stapleton\n(Reuters) - For all the energy on Monday, things didn’t go as planned for an ambitious global climate deal that could trigger a worldwide protest.\nIn the first full week after Donald Trump’s inauguration, the United States’ main coal industry blamed its side of the accord — the Paris climate accord — for “lacking a last-minute clue” to the truth.\nOne day after U.S. Vice President Mike Pence attended a North Carolina coal conference to reiterate the U.S. commitment to meeting the Paris climate accord, the Trump administration told British producer PROS that tariffs on imported coal were causing a sharp price drop.\nTrade tensions with China over steel and aluminum were also adding to market anxiety for automakers and homebuilders, which had already been hoping to avoid retaliation.\nBut on Monday morning, much of the world avoided looking deeply, because of one official’s assertion that the “tactical reductions” such as a 30 percent tariff were effective in lowering costs.\nOn Monday, Vice President Mike Pence told the New York Press Club that the voluntary commitment made last year by the United States was “still only 10 percent”.\n“President Trump said that the Paris coal package will achieve very little,” Pruitt told the BBC on Monday. “Those benchmarks are there, where there’s a final agreement, where there’s an economic element.”\nPresident Donald Trump celebrates in Nashville on November 19, 2017. REUTERS/Shannon Stapleton\nTrump’s administration’s moves to defend the free-trade agreements that bind 12 countries — including the United States — against China have drawn criticism from Chinese executives and led to warnings about foreign retaliation.\nThe United States has long pledged to reduce its trade deficit with China and is pledged to help meet the $4 trillion goal in one-year free-trade talks.\nPence said on Monday he would “monitor the agreement closely” to ensure it meets all the targets that were set in the multiannual negotiations, adding that he believed U.S. workers would get the chance to come and test it and learn the detail later this year.\n“As we start the next two years, we’ll be doing a lot of testing and monitoring, and hopefully we’ll get the message out,” he said, adding that he thought manufacturing would “come a bit into its own” as steel output will be cut to eight percent from 20 percent since the agreement was in place.\nTALL AUCTION\nTrump’s end-of-year travel ban, his decision to go to the United Nations to refuse entry into Syria for a Muslim, and the recent decision to end the North American Free Trade Agreement (NAFTA) all have had some Democratic lawmakers calling for the president to withdraw, promising to continue talks.\nThe president and the business community, however, have mostly kept their distance as “aggressive and uncompromising” measures are taken to safeguard jobs in factories and businesses around the world.\nEU diplomats were seen holding back from actually dismantling the Paris agreement, however, hoping for success in areas where the parties have differences.\n“The protocol protects our partners and their economies, but we are concerned about the legislation that President Trump is proposing on trade,” a European diplomat told Reuters.\nBeyond that, European businesses would be hard-pressed to consider any deal that does not have a meaningful EU element.\nSaviour Climate Change Secretary Victoria Nuland said the United States “will be stronger” in terms of climate action, but warned it was going to take an aggressive approach to non-harmful solutions.\nThe European Commission was due to respond to the North American tariffs by Friday.\nTrump and Canadian Prime Minister Justin Trudeau are scheduled to tour the North American Free Trade Agreement on Wednesday, ahead of Thursday’s high-profile event at the Cenotaph in Washington.\n']

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http://www.reuters.com/article/us-usa-immigration-posters-idUSKBN18S6EF

http://www.reuters.com/article/us-usa-immigration-posters-idUSKBN18S6EF

Signs of the time: Fake U.S. immigration control posters found in Washington

['Ian Simpson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['The U.S. Border Patrol makes a stop at the height of the summer heat in Simi Valley, California, U.S., October 23, 2018. REUTERS/Kevin Lamarque\nWASHINGTON (Reuters) - A fake sign that has been painted outside a federal office near Washington, where U.S. President Donald Trump is from has been found in a smaller office building at the Washington office of “House Democrats.”\nNearly 50 posters have been placed across the capital that state that the office of President Donald Trump is their hub.\nDowntown Washington has a sign that appears to say “New Chuma Day,” a reference to Congress’ generally benevolent approach to immigration policy. The sign, said to be that of the Democratic-run Washington County Commission, is blue with glowing red signs inside.\nThe sign, placed at the end of a four-block stretch of campus, the northeast leg of Clinton Avenue, is just a short distance from Trump’s home.\nThe posters show the building’s decor as well as the staff, with the Social Security number of a secretary from the Democratic Office of Personnel Management, and the last few faces of David Geffen, whom Trump is credited with founding.\nA number of those depicting the home of Trump travel to Mexico before his “Make America Great Again” campaign slogan floated amid speculation that Mexico would begin building “la granad.” The earlier posters were seen in the City of Blacksburg, Virginia, and at St. Pius X and Olivia Columbus elementary schools.\nA congressional aide on Tuesday told Reuters the Presidential Visitor’s Office said it had found the fake sign and had “received a news story from the Washington Post regarding the offices” in connection with the broken window displays.\n“They obviously don’t care about enforcement, they don’t care about educating people,” the aide said.\nTrump’s Tuesday night visit drew a resounding applause from supporters in attendance at a rally in downtown DC, a first for a sitting U.S. president.\nThe president lauded John Kelly, his nominee to become the next head of the FBI, for his team’s handling of the handling of a domestic terrorism investigation that the FBI admitted was “irresponsible.”\nThe sign, often displayed in graphic black and white, features a selfie, posing with a border patrol agent who steps out of his office to help people from Honduras and Guatemala reach housing and rescue people in the area.\nIt also says “Signs, Name of Congress,” and “Member of Congress” on its sign.\nThe U.S. Customs and Border Protection agency does not publish statistics on alleged violations of immigration laws.\nThat is part of a new report from the Congressional Research Service examining enforcement tactics under Trump and initial investigations into the Los Angeles police department.\nThe report, released on Friday, concludes that the police department was not aware of a problem until September 2017.\nIt identifies a five-month period between September 2016 and November 2017, when it became clear the FBI had secured five potentially related cases relating to domestic terrorism.\nInvestigators detained and interviewed more than 400 people linked to the network after being alerted to a “knowledge-sharing agreement” with a rival social-media site that provided more than 400 users with details of digital conversations.\n“The USCITE KIDG KILLS”\nIt published that same September to coincide with the November 2017 release of a report into the Los Angeles Police Department’s use of excessive force against black and Hispanic suspects in the fatal shooting of Tamir Rice in Cleveland.\nInvestigators interviewed 1,000 people from areas like East Los Angeles and East Aurora, New York, as well as an unspecified number of acquaintances who were asked to include footage from the October 2015 fatal shooting of Michael Brown in Ferguson, Missouri.\nThere was footage showing police using tasers to remove Brown, who was unarmed. The video then went viral, touching off widespread protests in the United States and the U.S. Justice Department investigated Brown’s case. Brown was unarmed when he was shot on Aug. 9, 2015.\nThe data of the videos are still available.\nThe House Oversight and Government Reform Committee is investigating whether the bureau made official recommendations to change procedures on monitoring, recommending changes to federal departments and agencies, and reviewing how the bureau handled the events with the consent of federal employees.\nIn a statement, Republican Representative Elijah Cummings of Maryland, ranking member of the oversight committee, said it was “disgraceful” that “Congress is being treated as if it was witnessing a political rally or rally of fools,” while the president’s preferred “team,” the Senate,']

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http://www.reuters.com/article/us-afghanistan-blast-families-idUSKBN18S53O

http://www.reuters.com/article/us-afghanistan-blast-families-idUSKBN18S53O

Afghan families search morgues, hospitals after devastating truck bomb

['Mirwais Harooni']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['KABUL (Reuters) - Nearly 1,000 families searched morgues and hospitals in a southern province on Thursday after a suicide truck bombing triggered a massive security operation over a single day in the capital, Kabul.\nA woman walks through a tunnel which has been guarded since August by police officers searching for explosives in a suburb of Kabul August 30, 2014. REUTERS/Mohammad Ismail\nAt least 48 Afghan civilians, 13 security guards and a police officer died when one of the homemade bombs blew up near an army checkpoint on a busy highway across the northern Afghan city of Mazar-i-Sharif on Thursday.\nAs at least 62 others died in the explosion on Wednesday morning, including women and children.\n“Dozens of Afghan families have gone through the bloodiest massacre of this war,” regional transport minister Faisal Awang told a news conference.\nAhead of the funeral, families searched for a relative, one of whom was believed to be the father of one of the men who took part in the attack, around 2,500 meters (3,750 feet) to the west of the 10-km (2.8-mile) highway.\n“The five soldiers killed by the bomb was my son,” a grieving mother told Reuters as she called for relatives to gather to bury her 3-year-old grandson at the city cemetery, surrounded by a cemetery and people waving Afghan flags.\nAbdul Wahid, the commander of the security forces tasked with protecting the city, said in a statement that four of the soldiers killed on Wednesday were under guard in a safe house near the town of Nangarhar, where they were arrested by the police.\nA source at the provincial police headquarters told Reuters the three detained were close family members of the victims.\nU.S. and allied forces are scrambling to restore order after Friday prayers were cancelled by Taliban fighters for fear of targeting a security convoy.\n']

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http://www.reuters.com/article/us-afghanistan-blast-idUSKBN18S42J

http://www.reuters.com/article/us-afghanistan-blast-idUSKBN18S42J

Taliban warns against retaliation over Kabul attack

['Sayed Hassib and Samar Zwak']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['KABUL (Reuters) - The Taliban strongly condemned Friday’s attack on a security post in Kabul that killed at least 21 civilians, including three children, and offered no immediate explanation for the latest setback in its campaign to overthrow the government.\nA Taleban fighter views a truck being burnt by Afghan Taliban fighters in Kabul August 26, 2016. REUTERS/Stringer\nAfghan government forces in both Kabul and Kabul opened a fresh offensive after a week of lethal and sometimes indiscriminate attacks on police and security forces that killed three civilians and wounded at least nine others.\nThe road from the main bus station in Kabul to the main presidential palace was blocked by heavy machine gun fire, killing three policemen and wounding four others in the assault that rocked a major gateway to Kabul.\n“We will not give any delay in the operation,” the Taliban said in a statement.\nAfghan President Ashraf Ghani announced a major security offensive aimed at promoting stability and raising hopes that such bloodshed could not only undermine Ghani’s leadership but also stop an exodus of about one million foreign fighters to the south and east of the country.\nThe ramped up violence, which drove 40,000 people to flee west into the Central Asian nation of Uzbekistan, underscored the inability of Ghani to help capture the Taliban and secure the economy.\n“We will not allow attacks on foreigners to harm the president and the Afghan people,” the Taliban said.\nTuesday’s assault was the second attack against the security post in less than a month, with the government blaming jihadists for Friday’s killing.\nSince the attacks on the country’s former Soviet breakaway city of Chechnya in 1998, the Taliban have blamed the federal government for causing them to lose the support they have lost in the increasingly bloody insurgency there.\n']

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http://www.reuters.com/article/us-eu-google-antitrust-exclusive-idUSKBN18S5OU

http://www.reuters.com/article/us-eu-google-antitrust-exclusive-idUSKBN18S5OU

Exclusive: Google faces hefty EU fine in shopping case by August - sources

['Foo Yun Chee']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A Google logo is pictured at a store in New York, U.S., October 30, 2017. REUTERS/Brendan McDermid/File Photo\n(Reuters) - Google Inc’s initial public offering last year was plagued by a slew of delays before its IPO and legal challenges, but it still has a slim chance of attracting a large number of Chinese Web firms to invest in its “Google Shopping” unit, sources with knowledge of the matter told Reuters.\nGoogle Chief Executive Sundar Pichai and Business Chief Executive Vic Gundotra, who founded the shopping service three years ago, had hoped to help Chinese Web firms ready to take part in Alphabet Inc’s initial public offering as soon as possible. But then sales slumped since late last year due to weak consumer spending.\nA roadblock could keep Google’s “Google Shopping” unit from raising money, said the sources, who declined to be identified because the matter is private. In September, Alphabet announced it had hired Goldman Sachs to sell about 10 billion of preferred shares, three days after Google’s pre-IPO stock price hit a record high of $316.5 billion.\nSo far, Google has sold $10 billion of preferred shares in Google Shopping, raising up to $6 billion in the IPO, and it plans to use the funds to invest in online businesses in China, the sources said.\nGundotra, who took the post in December, repeatedly denied to Facebook Inc and Alibaba Group Holding Ltd that he could access funds to buy stock on the same day Google sold its stock in late September and October, representatives for both companies declined to comment.\nEarlier this week, Google posted its first-quarter results, disclosing revenue of $19.2 billion and a profit of $1.2 billion, its first year-over-year increase in its operating income in 10 years. Analysts had expected Google’s operating income to grow 32 percent year-over-year in the first quarter.\nAlphabet is also said to be in discussions with several Chinese start-ups about a potential deal, such as Alibaba’s, the sources said.\nIt was not immediately clear whether the sale or exit of Google’s majority stake could fetch a higher price.\nGoogle declined to comment on the matter.\n']

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http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18S4W9

http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18S4W9

Ex-FBI chief Comey to testify next week in Russia probe

['Mark Hosenball and Warren Strobel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The top U.S. federal criminal investigator in the latest Reuters News investigation of the Washington bureau scandal told lawmakers this week that FBI Director James Comey will testify next week about the bureau’s handling of the 2013 Russia investigation.\nMere days after he was fired by President Donald Trump, Federal Bureau of Investigation Director James Comey told lawmakers in the Senate Foreign Relations Committee that the probe into the controversial Russia ties investigation was under review and some changes were needed.\nA Republican Senator said on Wednesday that as of Oct. 30, the FBI was still awaiting the results of three separate investigations involving Comey, which have involved Russian agents at the center of the search for a Russian spy in the U.S. Congress in mid-2017.\nThe next step in a closely watched congressional probe into Comey’s handling of the Russia investigation could be a speech given to lawmakers on Tuesday.\nComey’s testimony could help the FBI avoid congressional embarrassment over revelations that they had authorized Comey’s firing. The president and his allies believe the firing was politically motivated. Comey has not been charged in the investigation.\nUntil now, that has prompted multiple congressional investigations into Comey. But lawmakers have not grilled him about the Russian FBI investigation because he did not admit it, nor would he answer questions directly about it.\nIn his testimony on Wednesday, Comey said he raised concerns with Trump about Russian meddling with the 2016 election, as well as the Kremlin’s interference in the presidential election.\n“I must assure you that nothing improper occurred during our interactions with the Russian government,” Comey said.\nDemocrats have questioned why FBI officials had conflicting accounts of when the Moscow investigation began. But the Justice Department has said it decided to investigate the case after Comey recused himself from it in June, after his predecessor Andrew McCabe had pleaded guilty to perjury and money laundering charges linked to his influence on the Trump campaign.\nComey said he was encouraged by the FBI’s ongoing investigation, but that there had been “no change” in its conclusions.\n']

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http://www.reuters.com/article/us-new-york-police-lawsuit-idUSKBN18S6BV

http://www.reuters.com/article/us-new-york-police-lawsuit-idUSKBN18S6BV

NYPD must face lawsuit over ’sound cannons’ at protests: judge

['Jonathan Stempel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - New York city police cannot force through holding concerts like the Guggenheim Museum’s “Sound cannons” that can shoot out alarm sound, a judge ruled on Tuesday, in a Manhattan Supreme Court case that ignited a storm over the use of “sound cannons.”\nFILE PHOTO: Cops watch over several tents in front of the site of the Genuchin Observatory after it was caught firing out of its so-called sonic cannon at the Sound Cannon concert venue, in Mastic, New York May 31, 2014. REUTERS/Ben Barkan/File Photo\nBrooklyn federal district Judge Reed O’Connor said the city must have approached events held at the Museum of Natural History at a certain time by February 3 as opposed to November 30 or later. He said that analysis of sound-camer images by a student at the U.S. Naval Academy during the 1887-89 school year might have shown the tactic to the police department.\nO’Connor said noise video played by police officers “was not followed” by sound cannons after the 1954 Marconi concert. That concert was happening on the same day as the March for Jobs and Freedom, which was arranged by Bill Hickey and Cherie Featherstone of North Carolina to draw attention to the urgent need for U.S. jobs and workers in the aerospace industry.\nThe case involves Kansas City Ballet Theatre, Cleveland Orchestra Orchestra and Hollywood Scorsese, whose State Street theater was the venue for the August 1817 premiere of the 1934 ballet “The Curious Incident of the Dog in the Night-Time.”\nIn arguments before U.S. District Judge Joan Knapke on Tuesday, O’Connor suggested the professor’s “heafening of aggression” and alarm over the use of cannons.\n“I am sure it would be easier to fly your airy cup of coffee and [to listen] to a decibel ring around the mouth,” O’Connor wrote.\nHe said this could cause dramatic and familiar sound echoes.\nThe FBI charged Harvey Weinstein and the movie producer, who starred in the 2010 musical “Hamilton,” with sexual harassment and assault in 2011.\nIn his court filings, the estate of Abraham L. Pierson, who was with L.A. Police during the Holocaust Holocaust research center’s demolition of the Holocaust memorial in Roncalli, sought to block O’Connor’s ruling.\nThe attorney for UCLA, which is represented by accounting firm Main Attorneys, said L.A. Opera would, too, as it has a public performance and case against “Sound Cannon Concert.”\n“The defense, when making its case that the event was ‘sound-induced,’ did not raise the point of argument when the defendant introduced themselves as a scientific entity involved in the action,” wrote the attorney, Curt White.\n']

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http://www.reuters.com/article/us-poland-smolensk-kaczynski-idUSKBN18S620

http://www.reuters.com/article/us-poland-smolensk-kaczynski-idUSKBN18S620

Poland finds other body parts in coffin of president killed in 2010 crash: prosecutors

['Marcin Goettig']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WARSAW (Reuters) - Polish prosecutors said on Tuesday they would assign one body of their criminal investigations team to examine the coffin of President Andrzej Duda, who died in a 2010 car crash in eastern Poland, two years after he was first elected president.\nPresident Andrzej Duda smiles as he arrives in Warsaw, Poland, August 14, 2015. REUTERS/Kacper Pempel\nThe driver of the car, who was a senior driver on the journey from Czestochowa in eastern Poland to the presidential motorcade, collided with a BMW on the outskirts of Moscow and killed Duda, a politician.\nThe Justice Ministry (MNR) said preliminary tests showed that the coffin had been rolled out of the vehicle’s bloodstains, affording closer examination than previous tests.\nThe Justice Ministry said the autopsy results would be presented to the judicial bodies within two days.\n“The results will be key for us to try to have these evidence on further use in the judicial authorities,” MNR prosecutor Manfred Crandt told reporters at a news conference.\nDuda, 65, was elected in 2011 to serve an eight-year term in office under President Gdynia Zielinskiy and was elected in 2015 to his second term in the European Parliament.\nHis death threw into doubt the prospects of finding new sources of funding for the country’s high-speed bullet train project, which aims to reach the end of its 50-year wait.\nThe death of the president and a train derailment in the Democratic Republic of Congo paved the way for President Jacob Zuma, a former chief of state for the Congolese central province of Kinshasa, to take the reins as president after his son, Konrad Mzee Kaung, stepped down in 2017.\nZuma stepped down a year after losing a presidential election triggered by the derailment, but survived by coming third in a March vote.\nSlideshow (11 Images)\nBETTER IMMEDIATE CONTROL\nOn December 31, Zuma used a wheelchair to continue his motorcade to Central Park in Manhattan after a 2017 bicycle accident on a train led to him being injured in the head. The 65-year-old Zuma is survived by his wife and children.\n“By ensuring proper control of motorcade risks, the ministry has established an independent forum for probe of motorcade accidents,” said the MNR.\nIt may take the period of 14 months to schedule a proper examination to uncover all the clues the Justice Ministry knew, the MNR said.\nState authorities, lacking central authority to launch probes, have limited what they can do, and investigations by regional authorities are a push towards lifting the limitations, the MNR said.\nIn 2016, the Interior Ministry opened a criminal investigation into police deaths in eastern Poland, where the Zrusek police face an arrest for negligence and whether officers acted against superiors in matters surrounding high-speed rail construction projects.\nPolice have said cases of corruption, excessive use of force and management failings had been “critically and deliberately ignored”. Zrusek in particular was a political party that was accused of profiting from high-speed rail projects.\nIn October last year, Lithuania reached an agreement with Poland on strengthening cooperation between Poland’s Eastern European Integration Commission and which aims to increase regional cooperation, including the Eurofast railway linking eastern Europe.\n']

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http://www.reuters.com/article/us-usa-economy-unemployment-idUSKBN18S53H

http://www.reuters.com/article/us-usa-economy-unemployment-idUSKBN18S53H

U.S. factory activity edges up; private payrolls surge

['Lucia Mutikani']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - A pickup in business activity and government payrolls in November hit economists’ expectations for an advance reading of 149,000 jobs, strengthening President Donald Trump’s administration’s claims that the economy is regaining momentum.\nA sign is pictured during a ceremony to commemorate the centennial of the French Revolution, at St. Peter's Square in St. Peter's Square in Brussels, Belgium November 16, 2018. REUTERS/Yves Herman\nPrivate hiring in November rose 1.1 percent, marking the first rise in employment since February, data on Friday showed.\nThe Labor Department said business activity grew at its fastest pace in nine months in November as employees scrambled to cope with downpours, stormy weather and heat.\nA sharp boost to business investment during that month was offset by slowing activity at manufacturing plants and business jet repair shops. The November expansion in payrolls, which excludes the impact of overtime, was the weakest in six months.\nFor the December forecast, economists polled by Reuters expected overall job growth to be 145,000, down from 146,000 in November.\nAll but three economists forecast a modest expansion in the latest reading, with most predicting a small increase.\nThat was the largest monthly rise since May.\nThe Federal Reserve’s policy-setting Federal Open Market Committee (FOMC) is scheduled to begin a meeting on Jan. 6.\nThe Federal Reserve is widely expected to raise interest rates by 25 basis points each month, including a first hike in the third quarter of this year, in the strongest rate hike since the Great Recession.\nA strong rebound in the dollar, supported by fears of faster U.S. rate increases, is also providing support to the U.S. economy.\nThe number of Americans filing new claims for unemployment benefits dropped by 13,000 to a seasonally adjusted 341,000. The total benefit level is unchanged in November.\nA previously reported increase in the number of Americans seeking jobs last week was also a relief for policymakers, who have signalled they may eventually raise rates.\nSlideshow (6 Images)\nMeanwhile, inventories were revised up by a higher-than-expected 246,000. Economists had expected inventories to have increased by a lower-than-expected 245,000.\nMarkets anticipate the Fed will raise rates three times in 2021, including a policy statement released on Friday.\nThe Federal Reserve in December maintained its inflation target at 1 percent.\nThe Trump administration said on Friday that it is considering another round of budget cuts, which could damage the economy by reducing demand for debt and driving up rates.\nFOMC member Ben Bernanke expressed hope that Washington’s budget battles might prevent a slowdown in growth, but he gave little clarity.\n“The response to these cuts may be abrupt,” Bernanke said. “Some concern for the pace of economic growth may be warranted ... But this is all a muddle with little head room for maneuver.”\nCompanies also lifted orders for U.S. goods. That suggests that demand for much of the greenback’s nearly $4 trillion lifeline helped boost spending.\nOverall, the number of companies filing new claims for unemployment benefits dropped by 16,000 to a seasonally adjusted 382,000 last week.\nThe improvement in the number of companies seeking workers and firms taking pay cuts in November also added to evidence that the labor market is rebounding.\n"]

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http://www.reuters.com/article/us-exxonmobil-climate-meet-idUSKBN18S6FE

http://www.reuters.com/article/us-exxonmobil-climate-meet-idUSKBN18S6FE

Investors expect to meet with Exxon on climate-impact report

['Gary McWilliams']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['March 4 (Reuters) - Seeking to persuade a U.S. company to push back against the much-maligned report on global warming, American investors are making plans to meet Exxon Mobil Corp later this month in San Francisco with a vice president who will advise the largest U.S. energy company on addressing climate-related issues, Bloomberg News reported on Wednesday.\nIvan Barzilai, founder of alternative-energy firm Energy Resource of the Union and former president of the U.S. District Court for the District of Columbia, is expected to travel with Exxon Mobil and Jose Taravella, an Exxon spokeswoman said.\nBarzilai has been a vocal critic of global warming, often suggesting that a release of carbon dioxide from burning fossil fuels would exacerbate climate change.\nBarzilai, a regular contributor to Forbes and the “Blogger Channel” on Bloomberg News, will interview Exxon Chairman and Chief Executive Officer Rex Tillerson and U.S. Senator Jon Kyl of Arizona, U.S. Senator Tom Cotton of Arkansas and U.S. Representative Bruce Braley of Kentucky.\n“There’s a tone coming, and he said several times ‘Oh, we’re moving at a very fast pace,’” said Keith McKay, a member of the board of directors of the Center for Environmental Advocacy, which is advising Exxon Mobil on preparing for the report.\nExxon Mobil expects to publish the progress reports on climate change within two weeks.\nThe company itself has said there is no material risk to its business because it expects “governments across the globe to fully appreciate the impact of climate change.”\n“We think the feedback we are getting from their teams is positive,” Jeff Keefe, a spokesman for Exxon Mobil said in an interview.\nShaye said investment funds and companies in the nation’s energy industry have also been receptive to the idea of a briefing from Exxon Mobil.\n“We always have a number of meetings with local companies on climate change,” he said. “There have been talks as to how to deal with this in terms of equipment and resources.”\nIn his initial talk last year, Tillerson encouraged Exxon Mobil “to do all it can to keep its head down, acknowledge the impact climate change has on the business, and encourage private investments in energy and technology,” then-President George W. Bush told Capitol Hill during a trip in 2009.\nTillerson never commented publicly on climate change during his time in office.\n']

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http://www.reuters.com/article/us-walmart-ecommerce-idUSKBN18S613

http://www.reuters.com/article/us-walmart-ecommerce-idUSKBN18S613

Wal-Mart tests delivery of online packages by store workers

['Nandita Bose']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SINGAPORE (Reuters) - Wal-Mart Stores Inc (WMT.N) is testing this month deliveries by almost 1,000 online shoppers in markets in an effort to attract more shoppers and alleviate a cash crunch, its founder Sam Walton said on Wednesday.\nThe logo of Wal-Mart Stores is seen at a store in Sears, California January 9, 2016. REUTERS/Mike Blake\nThe controversial job posting, involving 300 to 400 Wal-Mart workers, started on Tuesday in the northeastern part of the United States and expanded across the United Kingdom before ending in three more markets in Spain, Germany, Netherlands and Belgium.\nWal-Mart says its operations are the biggest in the United States and Canada, with about three-quarters of the job postings in those regions.\nIt says it will use the online change to drive down cost of living and improve its customer service to customers.\n“We are going to try things that we thought were feasible and that we had thought were worthwhile,” said Joel Naroff, president of Naroff Economic Advisors, at the World Economic Forum in Davos.\n“This is about engaging with a broader variety of customers and in different ways,” he said.\nWal-Mart is also testing a line of delivery-based merchandise in grocery stores where it has had to replace old, manual pickup.\n“We’re very focused on increasing the basket-use on this new version,” said the merchandising executive, who did not disclose details about the new product.\nAnother Wal-Mart executive said the new program would include more robots to enhance customer service.\nThe latest reports about Wal-Mart are expected to blunt expectations that the U.S. retailer will be able to sustain a earnings drop in the fourth quarter.\nWMT shares closed up 1.6 percent on Wednesday on the New York Stock Exchange.\n']

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http://www.reuters.com/article/us-eu-china-idUSKBN18R3A4

http://www.reuters.com/article/us-eu-china-idUSKBN18R3A4

As U.S. retreats, EU and China seek climate leadership at summit

['Robin Emmott and Robert-Jan Bartunek']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["HELSINKI/BEIJING (Reuters) - The two major powers came together at the annual summit of the European Union and China on Tuesday for an ambitious climate pact that will feature fresh challenges and signs of progress on environmental management, climate protection and renewable energy.\nFILE PHOTO: A flag is illuminated in Istanbul's Canal, Turkey, December 19, 2018. REUTERS/Murad Sezer/File Photo\nWhile negotiators from the 26 countries that make up the U.N. Framework Convention on Climate Change (UNFCCC) have met for nearly two years on the EU-China meeting, they have faced few tangible achievements, with China, the world’s most populous country, largely absent.\n“The biggest issue is the collapse of trust,” said a senior EU diplomat who asked not to be named.\nChina plans to build a strong base from which to source renewable energy and build renewable energy and green infrastructure to increase its market power. France has been particularly interested in building such capacities - and also has powers to link renewable energy to development projects and boost investments in green infrastructure.\nDelegates will also discuss how to tackle the risk that China and its neighbours will respond to climate change with forcible building, without explicitly advocating any serious action.\nThere is further concern about the potential for issues such as “crowdsourcing” energy projects in China and of geo-political challenges posed by China’s growing influence as a host of big companies and countries.\nChina has been ramping up the use of natural gas in its energy development and plans to invest in solar and wind farms in western Europe.\nProtests by farmers against taxes on fuel from energy companies and exporters had gone on in the lead-up to the talks.\nChinese President Xi Jinping set a series of climate goals on top of those of developed and developing countries.\nTwo other EU leaders spoke on Monday about the need to re-engage with the Asian giant, although China’s chief climate negotiator Hans Joachim Schellnhuber said there was no scope for bilateral discussions before a final deal is struck.\nChina pledged to boost energy development in its official goal of 60 gigawatts of renewable energy by 2020.\nAmong EU promises for countries to reflect their emissions in their plans is action to curb greenhouse gas emissions more vigorously than the bloc’s carbon trading scheme.\nOne EU diplomat said there was still a lot of goodwill for China to agree to reduce emissions in its annual greenhouse gas statement this year.\n“There are a lot of themes to follow, not just in the future but now on climate and other issues,” the diplomat said.\nEU and Chinese government officials took part in a meeting in Brussels on Tuesday with European Agriculture Commissioner Miguel Arias Cañete and Haim Roskolm, from the Chinese and European Council president, China.\nGATEWAY TO DEAL\nOver the past months, meetings have broken out in Bangkok and Copenhagen to discuss how to move ahead with a clean energy agreement to cut greenhouse gas emissions.\nUnlike the United States and EU, China has not welcomed rising tensions with Washington over U.S. trade deals with China.\nHowever, former EU Commissioner Garnier Achmadini, now president of the European Commission, who was the EU’s climate and energy council under former Prime Minister Olof Palme in 2007-2016, said Europe had started a process for acting to overcome political opposition.\n“In 2014 and 2015 there was almost no sign of any change,” Achmadini said. “But there were major disagreements with European politicians, and it was starting to get ugly again.”\nCoalition sources told Reuters the two leaders agreed at the summit to move to a specific framework for a world temperature rise target which all countries must meet by the year 2020.\nThey cited China’s proposal to build a 60 gigawatt (GW) solar and wind farm in the Amazon, which includes a capacity of 20 GW, and Greenland’s geothermal project aimed at generating 20 GW.\nPrime Minister of Denmark Kristin Kaler, a non-EU member of the EU Council, said she was not familiar with the proposal, which she said was “a fantastic hope.”\n"]

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http://www.reuters.com/article/us-russia-economic-forum-putin-idUSKBN18S4NS

http://www.reuters.com/article/us-russia-economic-forum-putin-idUSKBN18S4NS

Putin says U.S. missile systems in Alaska, South Korea challenge Russia

['Denis Pinchuk and Andrew Osborn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["TENS of thousands of U.S. Naval personnel have scrambled for a second day to prevent a breakdown at the North Korean missile site for which the United States has threatened to use warships from Alaska and Guam for U.S. ballistic missile tests.\nDense volcanic ash from the Pacific is being dumped over remote Alaska, jeopardizing tourist sites and military installations.\nHanyu Musul Qutbi, director of the Washington-based Centre for Security Studies, said that in general, Washington's missile defence system in Alaska, has effectively restricted access for U.S. ships to U.S. bases, including Okinawa.\nBut Musul Qutbi warned that a test of Russian new wave rockets could create more trouble and could provoke a pre-emptive strike by Moscow, which has repeatedly threatened military action over the summer in response to North Korea's provocations.\nNato currently deploys five Aegis destroyers stationed around Alaska, acting as a ''Sea Eagles,'' or cruise missile defence system, to check out threats from the North.\nAs part of the deployment, the carrier USS George Washington is engaged in direct fighting against a North Korean ballistic missile launched into the Sea of Japan on Monday. It is expected to lead a multi-faceted military response if the South Korean peninsula experiences an effective threat from a North Korean missile.\n''We have been steadily increasing our naval presence in the Alaska Sea of Japan since 2012,'' said George Washington's commanding officer, Rear Admiral David Zaluder.\n''If all goes well, it can only be a matter of time before the sea of Japan would join the exercise, sending the USS George Washington in our direction, scrambling to recover to take shelter at the Sea of Japan.''\nThe Sea of Japan was put into air pressure, the Pacific region's defence officials have told Reuters, to make sure its missile development is legal.\nUnlike North Korea, there was no need for the alliance to seek a fast response to any threat, said Zaluder. ''The Sea of Japan has to be able to take advantage of the staging area,'' he said.\nStranded at sea were the two French and Italian crews aboard the Kitty Hawk jet cruiser, which has already deployed to base at Japan's Shellyakawa air base to help defend against missile threats in North Korea.\nThe Navy is responding to ballistic missile launches from North Korea's capital, Pyongyang, some 2 km (1.3 miles) away in the sea.\n(Additional reporting by Christopher Sargent; Editing by Leslie Adler)\n"]

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http://www.reuters.com/article/us-cuba-usa-immigration-exclusive-idUSKBN18S65E

http://www.reuters.com/article/us-cuba-usa-immigration-exclusive-idUSKBN18S65E

Exclusive: Cuba warns of human trafficking risk due to frosty U.S. ties

['Daniel Trotta and Sarah Marsh']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON/HAVANA (Reuters) - Cuban dissident and U.S. President Donald Trump’s close adviser from the early 1970s has urged President Barack Obama’s re-election campaign to double-down on the U.S.-Cuba relationship in the face of tough criticism and threats of diplomatic isolation from the United States.\nU.S. President Donald Trump speaks on the flight of the U.S. Embassy to Havana in Havana January 28, 2016. REUTERS/Stringer\nThe men are calling for the re-establishment of diplomatic relations with Havana at the earliest opportunity, said Alvaro “Jimmy” Zuniga, director of the Cuban Revolution Center in Washington.\nZuniga, known as “Més Garis” (Seize the Revolution), came to the United States in 1975 and remains one of the key swing votes in Congress that passed a landmark gun-control law giving President Obama more freedom in international affairs.\nWhile Cuba receives $1.6 billion annually in U.S. military and diplomatic support, Zuniga said Obama has threatened economic sanctions if Cuba does not stop mass seizures and rule out further trade.\n“Mostly because of this president’s complete pro-Castro attitude,” Zuniga told Reuters in an interview in Havana on Tuesday.\n“I expect President Obama’s message to turn around,” said Zuniga, who is hoping Obama will restore the broad U.S.-Cuba trade and investment relations.\nAt one point, Zuniga said, Obama assured the Cuban government that his administration will never recognize Fidel Castro as the leader of the island’s people and did not seek a meeting with Castro to discuss his regime’s corruption, human rights abuses or the regional destabilization.\nThe U.S. State Department strongly condemned Castro’s reign as illegitimate and said in a statement: “For too long, U.S. foreign policy has favored Cuba’s distant form of return to the republic that the United States viewed as illegitimate.”\nZuniga, a former adviser to Obama to Hillary Clinton, said Obama should now respond to the growing U.S. criticism from the Cuban people.\n“The Cuban people in Cuba face many other problems than the political problems,” Zuniga said. “The only line of defense he can come up with is retaliation against the U.S. if Cuba’s government stops talking about dealing with Cuba.”\nCAPITAL COOPERATION\nObama’s administration, which first championed reforms to the Cuba system in the 1970s, was pilloried for weakening trade relations and acting unilaterally in support of the Castro regime.\nThe United States also accused Cuba of hiding weapons supplied to the 1979 U.S.-backed Contra rebels by Cuba.\nObama shifted U.S. policy and relations with Cuba away from diplomatic status to economic, cultural and economic ties, which reached a low point after Castro was toppled by an uprising in the early 1990s.\nA move in 2013 to restore economic ties - which had in some ways improved relations - eased U.S. trade restrictions and eased restrictions on their trade with Cuba.\nThe Obama administration also increased outreach to Cuba, offering financial and diplomatic recognition to the island, a push that also drew criticism from some in Congress.\nObama's first term faced difficult reviews because of his stance on Cuba and U.S. policy toward the country. His final years included a failed effort to impose military discipline on Cuba.\nObama’s 2016 election drew mounting criticism because of Obama’s opposition to a new U.S. military campaign against Iran, and because of his appointment of then Republican John McCain as chairman of the Senate Armed Services Committee, the panel that oversees American engagement with Cuba.\nNonetheless, Obama faced vigorous criticism for leaving the decision to the members of the congressional panel to determine whether to defy a foreign policy decision.\nHowever, Obama’s high-profile re-election campaign played well with Cuban voters, who overwhelmingly elected the Republican candidate, Republican Donald Trump, to office in November.\nTrump, a big proponent of the overthrow of Cuba’s elected government, has grown increasingly hostile to the United States, U.S. and Cuban officials say.\n“One of the things that had been upset about the election of Donald Trump as president was this notion that he has been divisive and that’s very questionable,” said Marisol Alcantara, executive director of the center.\n"]

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http://www.reuters.com/article/us-cisco-systems-arista-networks-idUSKBN18S6HQ

http://www.reuters.com/article/us-cisco-systems-arista-networks-idUSKBN18S6HQ

Arista wins round in Cisco patent fight over network technology

['Jan Wolfe']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Jan 1 (Reuters) - Arista Inc won a patent fight over how an external network switches phone switches in favor of its business software, bringing legal and logistical challenges to one of the world’s biggest companies.\nThe battle arose after Cisco Systems Inc sued Arista in 2013 over the data transmitted over its network by mobile devices. Cisco has argued that its communications chip is not designed to be switched on by a third party for an internal reason.\nWhen Avalos filed suit to defend against Cisco in 2012, Arista’s main complaint said its portable chips were encrypted by default, but added that none of its systems has one of the encryption capabilities that rival Cisco requires.\nGoogle Inc bought its Android smartphone operating system, HTC Corp in 2015 and is now Verizon Wireless Inc.\nArista wanted $51.2 million in cash and technologies, though Google countered with a claim of “compliance” with an obscure Canadian law in which a company can force a defendant to create a claim separately with a single attorney.\nBut Avalos’ countersuit that the Android and iOS APIs were not interoperable and there were no persistent challenges to Android’s encryption systems.\nThe dispute prompted the media to focus on the value of Cisco’s technology and the many costs that it brought to Arista.\nThe lawsuit was resolved on Wednesday in a settlement between the two parties, Avalos said.\nThe case was In re “Adenetin v. Cisco Systems Inc”, San Jose State University, No. 5-7725.\n']

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http://www.reuters.com/article/us-microsoft-skype-idUSKBN18S5F5

http://www.reuters.com/article/us-microsoft-skype-idUSKBN18S5F5

Microsoft’s Skype draws inspiration from Snapchat in big redesign

['Salvador Rodriguez']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SAN FRANCISCO (Reuters) - Microsoft has designed a redesigned version of its Skype client using the world’s most popular Instagram account, promising the instant messaging service will work better for capturing high-quality video chats and sharing videos.\nFILE PHOTO: A man reads a copy of Microsoft's Windows 10 operating system at an event to launch Windows 10, on a computer in New York, U.S., May 5, 2016. REUTERS/Brendan McDermid/File Photo\nSkype, the Skype for the modern and mobile age, unveiled a major redesign of its popular messaging service at its annual investor day on Tuesday, describing the feature as akin to the “extra guy”’s digital makeup.\n“Our time is coming when this single guy can experience video and share photos, videos and conversations of that tiny group of people with the same skill level we give people who live in a different world,” Scott Thompson, Microsoft’s chief design officer, said in a conference call.\nSocial video has been growing steadily, but YouTube has struggled with monetization, and Snap Inc’s (SNAP.N) moves from Snapchat to Instagram, which is owned by Facebook Inc (FB.O), have had a large impact.\nYouTube ads show up in video ads as far away as a demographic. (sbit.ly/2ebPc6)\nSkype’s swiping technology allows users to discover content for the first time, and gain an in-depth view, Thompson said.\nAs Snap is acquired by Snap Inc (SNAP.N), Skype, the longtime Microsoft partner, has lost more followers than any other social network in the United States and Canada, according to Nielsen in November.\nIn addition to introducing a new Skype client, the Redmond, Washington-based company has overhauled its software and architecture to run on top of the world’s most popular social messaging service. Microsoft sees Skype as a particularly important business opportunity, said Thom.\n“Going forward, we will always be about continuing to connect people and connecting them to content in the most fun way possible,” Thompson said in a statement.\nSkype is primarily a messaging service, but Thompson said a new security system called Panopticon already functions well for those who want to see videos.\nUsers have many avenues to view and share videos and photos, including on Facebook, Instagram and Twitter accounts and groups.\nThe search-based platform, for example, for a company that makes hardware, could be used to add stickers, emoji and tags to types of content for users.\nSkype also lets you manage their accounts and separate contacts on the platform.\nFor now, however, users can simply join a group and share photos and video, rather than focus on something more specific for other users.\nSkype, which has hundreds of thousands of daily active users, faces competition from social media-focused messaging rivals Twitter (TWTR.N) and Facebook.\nYouTube, which gets 66 percent of all U.S. viewing, has been viewed more than 24 million times per day, and rival Whatsapp, which gets 74 percent of users, has made significant inroads.\nThompson said Skype’s focus on integrating clips from popular movies and programs into its client is the right idea for business, and that’s helped Skype perform better on the spot.\nThe project is scheduled to be complete in two years, with further upgrades planned in the future, Thompson said.\n(This version of the story fixes typo in decimal point, 7.4)\n"]

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http://www.reuters.com/article/us-usa-trump-russia-farage-idUSKBN18S4YM

http://www.reuters.com/article/us-usa-trump-russia-farage-idUSKBN18S4YM

UK’s Farage ’person of interest’ in Trump-Russia investigation: Guardian

['Kate Holton']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["LONDON (Reuters) - Britain’s main election campaigner Nigel Farage, who has been treated for anxiety over Russia and possible coordination with a shadowy hacking group linked to U.S. President Donald Trump, appeared on BBC television on Thursday to urge greater security in Britain ahead of the vote.\nBritain's Prime Minister Theresa May attends a meeting with business leaders at Downing Street in central London, Britain January 1, 2018. REUTERS/Suzanne Plunkett\nFarage, in a BBC interview on Wednesday, described Russia as an “organizational but misguided group” which “terrorised” British people. He also accused Russian President Vladimir Putin of doing more harm than good by trying to help Donald Trump win the U.S. presidency.\nA spokesman for Farage did not respond to a request for comment on the report, citing a request for anonymity. “Given what Mr Farage believes now, no one should fear that people’s liberties or vote values are at risk,” the spokesman added.\nTrump has responded to Farage’s claims with silence. British police are investigating whether any links existed between the Trump campaign and Russia. A British court has ordered seven Republican officials to pay $5 million in damages after an American citizen was convicted in a case linked to the theft of diplomatic files, known as the Crooked Smile case.\nMaintaining support on social media, Farage issued a statement on Wednesday evening saying he was “gravely concerned” about Russia.\n“I am gravely concerned that certain elements in Russia may have tried to assist Donald Trump in taking the United States down,” he wrote on Twitter, referring to Russian President Vladimir Putin.\nFarage has been cast as a Russian agent to bolster Trump in favor of Russian President Vladimir Putin. While he used Twitter to show his support for Putin, he said the three elements needed to be refined and said he was concerned that a tactical response to Russia could be pointed at America.\nNO ‘SMOKETRACTED ROBOTS’\n“What I don’t think is the point of going after Russians or bugging their computers,” he said on BBC television. “It is not the point of going after Russia... Rather, if the only way to minimise Russian meddling in our political process is to check the links it is in Europe.”\nThe Reuters/Ipsos poll released on Thursday showed more Britons would vote for a “strong” candidate if Trump wins than a “mess” with Britain’s traditionally centrist, pro-European government.\nThe British finance minister, Philip Hammond, had been high-profile in tackling Brexit in recent weeks, calling on people not to vote for a leader “who does not fulfill the country’s promises”.\nIain Duncan Smith, a member of the Conservative Party leadership and a member of the European Parliament, called on Britons to vote their conscience at “the most important democratic and diverse and uncertain election in recent British history”.\nNewspaper The Sun called on Britons to cast their ballot as soon as possible and submitted 1.5 million paper ballot boxes to the polls, according to its website. It said it would post the results on its front page and on Facebook page in mid-February.\nFarage warned that this election campaign would lead to further disinformation attacks against his party. “Our campaign will be less about false propaganda, more about raffling off your vote, rather more about gathering social data and taking unprecedented action against the enemies of democracy,” he said.\n"]

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http://www.reuters.com/article/us-usa-congress-cbo-idUSKBN18S6HZ

http://www.reuters.com/article/us-usa-congress-cbo-idUSKBN18S6HZ

Trump budget chief under fire over attack on Congressional budget analysts

['Amanda Becker']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Vice President Mike Pence, who also attended a pro-business event on Thursday, said the tax cut plan the president had criticized was “yet another rehash of the same old stuff” that put American families out of work.\nU.S. Vice President Mike Pence, right, shakes hands with teachers students during a rally at Lawndale High School during the "Right to Work," youth group project held in an upper class neighborhood in Houston, Texas, U.S., January 1, 2017. REUTERS/Allen Hachey\nPence, who attended the larger-than-expected rally, made the accusation during a teleconference on Thursday with reporters, arguing that the fiscal responsibility of Congress is taking its time to understand the impact of budget cuts enacted after the 2015 Republican tax reform legislation passed by the Democrats.\n“The president seems to have a lot of disdain for the way the budget process’s going and has a lot of hatred of these people who were throwing big programs that were supposed to be bipartisan and have been passed in a way that was great bipartisan,” Pence said.\n“There is a lot of politics in this country ... It’s just continuing the same old lie about the House budget process.”\nDemocrats blocked Republican plans to raise taxes on middle-income families and the wealthy last year by proposing cuts for the middle class. The cuts slashed taxes for most Americans and cut deep into the budget deficit.\nRepublicans, responding to Pence’s criticism, said they would amend the House bill. Some Democrats could point to future provisions in the Senate bill, where lawmakers have difficulty limiting spending, to temper such cuts.\n“There is little appetite for these tax cuts because of the cap on the size of those programs,” Senator Pat Roberts, the top Republican on the Senate Finance Committee, said on the Senate floor.\nRepublican Vice President Mike Pence arrives at the "Right to Work," youth group project held in an upper class neighborhood in Houston, Texas, U.S., January 1, 2017. REUTERS/Allen Hachey\nKIDNAPPINGS, RUSSIA BACK FIRES\nRep. Jon Runyan, a Republican who has led efforts to retain the seat of outgoing U.S. District Judge Dana Sabraw, has voiced skepticism that the deal must be sealed before it is put to voters in November.\n“It’s our president, Mr. Pence, that needs to protect the integrity of the process,” Runyan told reporters.\nThe president has put his focus on expiring popular tax cuts over the upcoming tax overhaul that runs through his administration and provisions targeting a range of issues including gambling, veterans’ benefits and issues related to sentencing.\nDemocratic leaders in Congress and the White House agreed in December to reopen the government.\nTrump also described the proposed budget deal with Congress as a “dead end” that led to the shutdown of federal agencies that handles domestic programs like domestic fighting dogs and gun control and American infrastructure.\n“If the basic reality of today is that they have to close something, I fear it’s a dead end,” Trump said.\nDemocrats also attacked the budget deal as a “Plan B” by Republicans such as Kentucky Governor Steve Beshear.\nOther budget talks have also been blocked in Congress.\nPerot’s Republican opponent in the upcoming congressional election, Senator Rand Paul, who is struggling to regain the campaign’s footing in a campaign that is largely focused on healthcare, lashed out at Pence, tweeting that he was “way behind” the president and had written “not what I expected, but what I was working on.”\n']

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http://www.reuters.com/article/us-usa-court-kennedy-idUSKBN18S4LT

http://www.reuters.com/article/us-usa-court-kennedy-idUSKBN18S4LT

Fearing Trump’s next move, liberals urge Supreme Court conservative Kennedy to stay

['Lawrence Hurley and Andrew Chung']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: Supreme Court Justice Anthony Kennedy walks during a hearing in the United States Supreme Court in Washington, U.S., January 1, 2015. REUTERS/Jonathan Ernst/File Photo\nWASHINGTON (Reuters) - Sens. Ron Wyden and Ron Wyden, the top Democrat on the Senate Finance Committee, urged the U.S. Supreme Court to take an immediate stand against President Donald Trump’s plans to “rig” the courts.\n“It’s an unprecedented historic move by the president that will profoundly impact our political system,” Wyden, a Democrat from Oregon, said in a statement Friday.\nDuring a speech in San Francisco last week, Trump accused Democratic U.S. senators, including Wyden, of engaging in a “raging partisan brawl” and a “slush fund” just days before his inauguration.\nThe 2019 midterm elections have been pivotal to the U.S. Supreme Court, where conservatives of all kinds will be on the court for the first time since 2016.\nTrump also on Friday sought to undermine Gorsuch, the new Supreme Court justice, following his confirmation on Friday. He said he and the president were evenly matched when it came to filling the court’s three most liberal judges, Gonzalo Curiel, George W. Bush’s pick; Hensarling, the chairman of the House Financial Services Committee; and Wilbur Ross, a former Treasury secretary.\n“Mr. Trump and his ambitious goals for judicial appointments remain. Many Republicans are cynically and willfully trying to rail about ‘rigging’ the Constitution in a false and skewed way,” Wyden and Wyden said.\n']

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http://www.reuters.com/article/us-linde-m-a-praxair-idUSKBN18S5YJ

http://www.reuters.com/article/us-linde-m-a-praxair-idUSKBN18S5YJ

Linde, Praxair agree $73 billion merger to create global gases leader

['Georgina Prodhan and Jörn Poltz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: Linde, the chief executive officer of German airline Lufthansa AG, speaks during a news conference in Berlin, Germany, January 3, 2018. REUTERS/Fabrizio Bensch/File Photo\nFRANKFURT/BERLIN (Reuters) - German group Linde AG (LHO.DE) and global aerospace aerospace and aerospace provider Praxair NV (RAX.TO) said on Friday they agreed to set up a global leader to acquire one of the world’s biggest gases companies and gave Praxair an advantage over the world’s two biggest heavyweights, France’s AstraZeneca (AZN.L) and Germany’s Linde.\nThe deal would be estimated at 5.6 billion euros ($6.65 billion) when it closes, with sale of the 40 percent stake in Praxair it did not already own, as the two companies look to expand a wind farm in North Carolina this year.\nLuxembourg-based Praxair will be worth 7.44 billion euros to Linde, the companies said, adding that it would be worth nearly 1.2 billion euros more than Lufthansa currently provides it.\nLinde offered up to its shareholders 6.25 euros per share in cash, giving Lufthansa + 1.16 percent of the combined company before the deal closed. Praxair + 0.80 percent of the combined company, before closing, was trading at 7.23 euros.\nLufthansa - the second largest passenger airline - said it is on course to achieve the 5.4 billion euro/euro cost savings target the combined company announced in June. Lufthansa is also looking to close a bridge deal to form a joint carmaker vehicle.\nLinde, which has more than 11,000 employees and operates air travel services in more than 190 countries, has secured favourable corporate and investment reviews in Germany since the alliance.\n']

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http://www.reuters.com/article/us-wirtgen-m-a-deere-idUSKBN18S4TZ

http://www.reuters.com/article/us-wirtgen-m-a-deere-idUSKBN18S4TZ

Deere to buy German road construction firm for about $5 billion

['Rachit Vats']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HAMBURG (Reuters) - Deere & Co (DE.N) said on Thursday it would buy the unlisted German construction and maintenance group Road Builders Group and lease out a road construction unit owned by global aircraft engine maker EADS (ADR.PA) for about $5 billion.\nDeere logo is seen on a construction site in the Iron Triangle near Frankfurt, Germany, December 10, 2018. REUTERS/Kai Pfaffenbach\nDundee-based Deere said the deal would result in $1.3 billion in net annual synergies and create an enterprise value to shareholders of roughly $20 billion.\nThe deal, which combines companies and various services in a common business, would be the largest deal to be made by Deere & Co in Germany since it bought TUV (UVRW.DE) in 2014 for $4.7 billion in cash and debt.\nRoad Builders will be delisted from the stock exchange by early this year, Deutsche Bank Securities said in a separate report.\nUnder the deal, Deere and Road Builders will combine their related businesses as a single entity under the headline DE-urban M&A programme, taking the TU-Weir name and adding back 48.2 percent of Road Builders’ outstanding shares, the companies said.\nThey will also sell assets, purchase expertise, share value and strategic tie-ups to create around one-third of the value of the enlarged business, they said.\nDeere said that Road Builders would now operate as a separate unit and actively seek capital to unlock value for its shareholders.\nDeere has been studying selling its British franchise group, Deere and Land Rover, but it sees none of the groups having an equal chance of success, Deere’s Executive Chairman David Whiston said.\n“If Road Builders are successful, it will represent a tremendous opportunity for our investors to pick up a very valuable core U.S. market,” he said.\n($1 = 0.9168 euros)\n']

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http://www.reuters.com/article/us-oneweb-intelsat-m-a-idUSKBN18S4UY

http://www.reuters.com/article/us-oneweb-intelsat-m-a-idUSKBN18S4UY

Intelsat says it expects $14 billion OneWeb merger deal to fail

['Jessica DiNapoli and Aishwarya Venugopal']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - In a joint report on Friday, Indian satellite operator Intelsat I&R Ltd said it expects to file a counterclaim against a Canadian government tender for its planned $14 billion merger with French conglomerate OneWeb Corp.\nIntelsat, which is chaired by chairman and CEO Max Henry, the big shareholder in OneWeb, said the outcome could have far-reaching consequences for one of its biggest shareholders.\nThe Indian government has, on the table, asked its government regulator to dismiss and consider a proposed merger with France’s Viterra Ltd (VTR.PA), which it owns 35 percent of, according to statements by Viterra. It has also asked another Indian trading company to ask Viterra to pay more than a billion rupees for failing to correct defects it has listed on the International Shorter Business Development Outlook and Rating Service.\nViterra has pointed out that one of its claims against Intelsat may be invalid, a letter filed with the World Trade Organization offers insufficient explanation to the United States.\nThe proposed Canadian federal government tender, in which Intelsat said it would raise its offer from $34.75 per share to $33.50 per share, includes applications from Canadian and European interests to nominate directors.\nIntelsat said it expected to file the counterclaim in Canada within 30 days and would consider it in a Canada-U.S. joint filing “wherever it would be possible to object” at the Supreme Court.\nOn Wednesday, another Indian company said it was walking away from a previous plan to work with Viterra after its claims were rejected.\nViterra said in December that it would not buy Intelsat in any manner.\nMost of OneWeb’s 41.4 percent stake in the firm is held by Indian hedge fund PineBridge Investments Ltd, which has advised several non-Indian shareholders in Australia and India to drop their shares and instead fund their own equity investments.\nOneWeb filed a request to invest $8 billion in the deal with the U.S. Department of Energy, United States Department of Agriculture, U.S. Small Business Administration and the National Science Foundation.\nThe bids were rejected.\nIn its Thursday report, Intelsat said the bid for OneWeb would require that it not pay a fee to Viterra for each of the outstanding shares of OneWeb at the $33.50-per-share level it valued it at in November 2016, and that this fee was not equal to what it paid for its existing stake.\nWhile Intelsat had argued that the fees should not exceed $10 billion, the bid is backed by activist investors such as Indian firm Bill Gates’ Gates Foundation, which was one of those publicly-traded investors, while affiliates in other Asian countries have also raised their bids.\n']

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http://www.reuters.com/article/us-northkorea-missiles-un-idUSKBN18T2X3

http://www.reuters.com/article/us-northkorea-missiles-un-idUSKBN18T2X3

U.N. expands North Korea blacklist in first U.S., China sanctions deal under Trump

['Michelle Nichols']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["UNITED NATIONS (Reuters) - North Korea on Wednesday signed an agreement with the United States to increase sanctions on the communist state, the first such U.S. measures under President Donald Trump, who has ordered U.S. trade inspectors expelled and vowed not to reopen the Korean peninsula’s nuclear and missile programs.\nNorth Korea's President Moon Jae-in arrives at the UN Security Council for an agenda for the meeting of foreign ministers on the sidelines of the G-7 meeting in New York, December 26, 2017. REUTERS/Mike Segar\nThe United States warned North Korea on Tuesday the six-nation group of nations responsible for sanctions targeting Pyongyang had let it off with a $500 million fine and a pledge to isolate the country.\nNorth Korea claimed the agreement was a breakthrough after U.S. Secretary of State Rex Tillerson said Washington had held discussions with North Korea in Moscow and the North’s leader had agreed to allow inspections.\n“The international community, apart from North Korea and the South Korean, agreed to include the cooperation of the United States in this escalation in the nuclear crisis and an effort to deter any further increase in the joint military exercises between the United States and North Korea,” the U.N. Security Council statement said.\nThe new sanctions regime has drawn a series of tough signals from the Trump administration, which has called for the suspension of nuclear and missile testing, even though Pyongyang has pledged to halt nuclear and missile testing and halted nuclear and missile launches.\nThe new U.N. sanctions, which hit foreign automakers, railways and telecoms companies, by strengthening tariffs, freezing frozen accounts, eliminating travel and fines, and imposing a new estimate of 70 percent of North Korea’s currency reserves, is the first freeze after previous U.N. sanctions ended in December.\n“The International Criminal Court (ICC) has confirmed the existence of a country with a large and systematic network of serious human rights violations,” a key U.N. investigator and a member of the peace process in Korea, testified in December.\nU.S. Secretary of State Rex Tillerson addresses the United Nations General Assembly at the U.N. headquarters in New York, U.S., September 3, 2017. REUTERS/Carlo Allegri\nThe new U.N. sanctions, which are linked to the July nuclear and missile tests, include a $1.4 billion fine for North Korea for doing business with its foreign partners.\nOther sanctions include blacklisting five North Korean companies, including insurers, and restricting their global sales, while freezing their U.S. assets, the companies’ derivatives and asset transfers and commercial bank transactions, along with their trading and other financial assets.\n“Although diplomacy is at hand, no one should expect that a new round of sanctions will result in North Korea uncooperative and statesmanlike behavior,” British Foreign Secretary Boris Johnson said in a statement.\nThe council also sanctioned three U.S. banks and five state-run corporations which, it said, “were responsible for, at the time and in the event of any U.S. violation of the measures ... facilitating material foreign currency transfers to Pyongyang.”\nNorth Korea formally annexed Crimea in 1991 and later controlled the territory by force with the aim of establishing its own rule over northern Ukraine. It has threatened to turn Ukraine into a “parallel” country.\nReacting to the new sanctions, U.S. State Department spokeswoman Heather Nauert said the administration was “pleased” with the deal.\nA senior White House official told reporters this week that it was still seeking additional commitments from South Korea and Japan over the North’s nuclear and missile programs, but that was in keeping with talks held in Tokyo last month.\nThe Trump administration is yet to respond to the new sanctions, so far, but the date and venue for the meeting between Tillerson and Kim Jong Un will be finalized soon, according to a senior administration official, speaking on condition of anonymity.\nThe Trump administration may also enforce sanctions on Russian entities, including S-300 air defense missiles and North Korea’s ballistic missile programs, two U.S. officials told Reuters on Wednesday.\n"]

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http://www.reuters.com/article/us-usa-trump-flynn-turkey-exclusive-idUSKBN18T276

http://www.reuters.com/article/us-usa-trump-flynn-turkey-exclusive-idUSKBN18T276

Exclusive: Special counsel Mueller to probe ex-Trump aide Flynn’s Turkey ties

['Nathan Layne, Mark Hosenball and Julia Edwards Ainsley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: FBI Agents clean the FBI headquarters in Washington, U.S., November 5, 2017. REUTERS/Joshua Roberts/File Photo\nWASHINGTON (Reuters) - Special counsel Robert Mueller, who is overseeing the Russia investigation, will publicly look into the ties between Trump adviser Michael Flynn and the former Turkish government and it will be subject to a subpoena, a person familiar with the matter said on Thursday.\nSpecial counsel investigators are looking into whether Flynn, Trump’s former national security adviser, knew of any contacts with the Turkish government before he was fired by Trump last December. Flynn was allowed to leave the White House without first undergoing an FBI background check, according to two people with knowledge of the matter.\nThe new investigation focuses on whether Trump’s White House counsel had been aware of any potential ties between Flynn and the Turkish government, two sources said, without giving further details. The probe will formally launch on Thursday, the sources said.\nFlynn, who was the first Trump adviser to meet President Donald Trump, has denied the ties.\nFlynn has repeatedly denied having any criminal wrongdoing or knowledge of any role in the alleged contacts between Trump aides and the Turkish government.\nThe relationship between Flynn and Turkish officials is a central allegation of collusion between the United States and Turkey, which invaded southeast Turkey in 2015 as part of a campaign to destabilize its government and stem European migration from Muslim-majority Turkey.\nIn October, Trump’s attorney Michael Cohen met with the Turkish ambassador in Washington to brief him on the possibility of Turkish participation in hosting a large European soccer tournament next summer.\nThere was no immediate comment from Cohen on Thursday. The U.S. Justice Department declined to comment on Cohen’s testimony.\n']

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http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18T1WZ

http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18T1WZ

Will Trump block Comey testimony? White House does not know yet

['Susan Heavey']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Washington kept divided on Friday about whether it should delay President Donald Trump’s scheduled testimony to Congress on Thursday over a brief disagreement with FBI Director James Comey, as his White House disputes the assertion that it will make.\nWhite House Press Secretary Sarah Huckabee Sanders leads members of the media into the Oval Office ahead of a media preview of the new Trump presidency at the White House in Washington, U.S., January 1, 2017. REUTERS/Jonathan Ernst\nThe White House and the Justice Department have yet to release any concrete information on the Russian interference in the election and other possible misconduct that embarrassed Trump during his 2016 campaign, which Clinton defeated him by fewer than 50,000 votes.\nTrump’s efforts to bar him from the hearing have alarmed lawmakers, and other officials on Capitol Hill are worried that he could be given too much latitude to probe intelligence on Russian meddling and leaking classified information to the press.\nIt is unclear whether a break with the White House would be what Trump is planning in the hearing.\nRelations between the White House and Congress were already fraught in October after Comey abruptly fired Comey, citing his ties to Russian President Vladimir Putin and the Russia investigation. The two sides have since reopened their talks to resolve the Russia issue.\nHouse of Representatives Speaker Paul Ryan, who took charge of the House of Representatives before Trump took office, has hinted Trump might be granted a subpoena for all emails to gather any information on possible Russian meddling in the election. The move would send signals that his administration is increasingly on the sidelines, in an attempt to improve its relations with Congress.\nThe White House is seeking to bar Trump from testifying for the first time, although it has said in recent days that they would not be compelled to do so by the Justice Department. The Justice Department declined to comment on Friday.\n“I think we understand both sides of the coin and it’s appropriate to focus on how the president, my greatest loyal servant, is interacting with the American people,” Deputy National Security Adviser H.R. McMaster said on Fox News in an interview.\nBut as President Trump’s firing and grand jury questioning cast a long shadow over his presidency, it is unclear whether the next step is clear.\n“The White House is much more guided by their personal philosophy than the White House makes any decision,” said Steve Schmidt, senior fellow at the Brookings Institution.\nThe Justice Department, which was also taken in by the decision to bar Trump from the hearing, has been preparing for the hearing for weeks, according to two senior Department officials.\nA Justice Department official speaking on the condition of anonymity said the department had also received information about the discussions surrounding Thursday’s encounter from those who had been briefed about it.\nSPEAKING OF CHARGES\nAs part of Thursday’s discussion, Rosenstein, head of the National Security Council, was scheduled to testify before a Senate intelligence committee committee that he previously chaired, while the president has not been accused of interfering with the investigation.\n“The White House is coordinating with the Trump White House as soon as we have all of the materials available and the facts available,” said Ryan, the House speaker, in response to the warning from Rosenstein.\nIn a document obtained by Reuters, House Intelligence Committee Chairman Devin Nunes, the panel’s top Republican, said he had received offers to appear in Washington ahead of the hearing, including one from Comey.\nRepublican Representative Mike Rogers, the top Republican on the House Intelligence Committee, said the department should prepare in advance, but he asked Rosenstein to hold off on testifying for the first time because of an expected July 3 deadline.\nRepublican Senate Intelligence Committee Chairman Richard Burr, a member of the panel, said he would not order a delay in the hearing on Thursday. Burr is leading the probe.\n“I think the question remains if the White House is on the chopping block,” said Peter Carr, a Republican lobbyist who helps manage the U.S. political theater.\nSenate Intelligence Committee Chairman Richard Burr was not at the hearing and said he had met Rosenstein before.\nA Justice Department official said Rosenstein told him he had “no idea” why he was under public pressure to hold off until Friday’s planned session, on the House floor. “He doesn’t care,” the official said.\nAfter three weeks of probing Trump’s ties to Russian President Vladimir Putin, the Justice Department said last month it believed it was gathering evidence related to possible breaches of U.S. sanctions on Russia. It said that Trump had close ties to Putin before his election.\n']

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