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http://www.reuters.com/article/us-venezuela-politics-idUSKBN17Q1KO?il=0
http://www.reuters.com/article/us-venezuela-politics-idUSKBN17Q1KO?il=0
Venezuela death toll rises as unrest enters fourth week
null
null
['Diego Oré and Brian Ellsworth']
01-01-2021
reuters.com
null
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gen
181,373
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["CARACAS (Reuters) - Venezuela’s death toll from the country’s unrest reached 10,000 on Monday as unrest continued to sweep across the vast Caribbean state, putting an end to a 24-hour strike by workers there and a doctor-led peace agreement reached in Havana a week ago.\nAn oil refinery worker carries a substance loaded with rocks during strikes in Caracas, Venezuela January 1, 2021. REUTERS/Marco Bello\nThe government, which has been increasingly pressured by the protests, gave no indication it was planning further action, although the head of a Havana committee on Monday urged for stronger economic sanctions against a country that has had a real and escalating crisis for more than two decades.\nDrivers and truckers protesting in Caracas, besieged the White House and other major cities by the leftist government have been in the dark for months as armed robberies, gun battles and looting unfolded between striking and government forces.\nBut on Monday a new round of strikes began, some protesting the government’s austerity measures and demands for fuel exports on the country’s main roads, causing even oil installations to warn off trucks transporting oil.\nThe government has promised to intervene with other aid, but several more strikes that started on Monday morning did not yield any results.\nAt least 24 doctors were killed and 60 others wounded when agents of a self-proclaimed peace committee stormed a prison in Caracas and arrested some 86 inmates who had barricaded themselves in a tent, the state news agency Caracol reported.\nAmong those beaten was an official of the Supreme Court which had urged doctors to attend the protest in Havana, also alleging war crimes against those involved.\n“There is no clear evidence of army units breaking the law in the areas that are under attack,” the president’s office said in a statement.\nMaduro and his national guard and troops have been widely seen as front-runners in the new round of demonstrations, with the opposition excluded. But the government’s control over security and smuggling networks has crumbled and the government is facing mounting criticism as violations of human rights and the threat of sanctions prove harmful.\nInternational backers of the country’s fledgling economic recovery have expressed bewilderment as to how Venezuela’s crisis has been managed by government alone and have decried the actions of the judiciary and the government for not doing enough to crack down on leftist uprisings like the ones that have devastated Latin America’s biggest oil exporter.\nSTATE FAILURE\nThe government has promised to improve services of public servants by stepping up salaries of public workers and teachers. But there have been few answers at the state level.\nDuring a meeting between top government officials on Monday, President Nicolas Maduro called for the government to hire a “star” law firm to help solve a “constitutional crisis” sparked by tensions over the terms of an agreement to end weeks of fresh worker strikes.\nThe law, on a platform of “death by state capture” demanded by two Marxist political parties that split Venezuela from the national government, would mean soldiers joining the law firm, Uribe public spending experts said.\nThe International Monetary Fund has warned that the government’s transfer of private sector money to miners should not be a “key instrument” for lifting the country out of poverty.\nNicolas Maduro gestures as he arrives for a meeting of the World Economic Forum (WEF) in Davos, Switzerland January 1, 2019. REUTERS/Denis Balibouse\nOpposition leaders said they expected the miners to travel to areas ravaged by violence and whose property, mobile phone service and transport networks were considered fragile.\nMaduro said Monday that people had lined up in corn fields and in rivers to protest with a cause calling for a halt to war against armed forces.\nBut defence minister Paulo Prada said discussions with the government on the deal, which he said called for the disabling of coal, oil and gas fields and a suspension of the wages of many public servants, did not go beyond the article for payment of salaries.\nChavez's own administration has also implemented a series of austerity measures to try to narrow the wealth gap which has helped support anemic growth and the need for capital investment.\nCentral bank Governor Stéphane Ouattara said the government has used forward guidance in the past to convince central bank staff that it is possible to keep inflation under control.\nBut with the economy still growing over 6 percent, and prospects for a more rapid turnaround, Ouattara said he was cautious about further measures.\n"]
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301
http://www.reuters.com/article/us-filmfestival-tribeca-the-circle-idUSKBN17Q2H7?il=0
http://www.reuters.com/article/us-filmfestival-tribeca-the-circle-idUSKBN17Q2H7?il=0
Tom Hanks jokes Twitter CEO inspired his character in ’The Circle’
null
null
['David Ingram']
01-01-2021
reuters.com
null
success_wayback
gen
181,374
[0.949999988079071]
['Actor Tom Hanks (R) arrives at the New York Film Festival at Cineworld theater in New York, September 30, 2015. REUTERS/Lucas Jackson\nLOS ANGELES (Reuters) - Choking for his character in Tom Hanks’ upcoming film “The Circle,” Hanks joked on Twitter on Thursday about his main character, Anna Kellar.\nThe popular PBS television series has spawned numerous social media accounts devoted to Hanks’ style of dress and his willingness to wear patterns and colors.\n“Don’t worry guys, I won’t miss your outfits in ‘The Circle’!!! Thanks to the girls who made me look like my fave role player Anna Kellar!” Hanks wrote, later in the tweet.\nEarlier in the day, U.S. President Donald Trump’s personal lawyer Michael Cohen, who has been charged with lying to Congress and obstruction of justice in connection with the 2016 U.S. election, was ordered to testify in a closed-door congressional hearing as part of an unrelated investigation into Russian interference in the election.\nHowever, Cohen says in court papers that he did not know what an obstruction of justice sentence was and is not seeking a trial.\nHanks denied the allegations, but went on Twitter on Thursday afternoon to apologize and defend his character on his social media platform.\n“You keep Tweets coming from anyone. Don’t think that you’re any different than the people in the project. I have to say that these situations are real,” Hanks said, adding that he feels great by “moving on with my career.”\n']
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302
http://www.reuters.com/article/us-usa-canada-trade-lumber-idUSKBN17Q2G9?il=0
http://www.reuters.com/article/us-usa-canada-trade-lumber-idUSKBN17Q2G9?il=0
Ahead of NAFTA talks, U.S. sets 20 percent duties on Canadian softwood lumber
null
null
['David Lawder']
01-01-2021
reuters.com
null
success_wayback
gen
181,375
[0.949999988079071]
['WASHINGTON (Reuters) - U.S. President Donald Trump’s administration announced on Wednesday that it would impose tariffs on imported Canadian softwood lumber, rejecting previous protections from duties.\nFILE PHOTO: The logo of the Trump administration is seen as vehicles and equipment enter a State Department facility in Washington, U.S., July 12, 2017. REUTERS/Joshua Roberts/File Photo\nThe tariffs are a first for the White House. Trump said earlier this month that he would impose an array of levies, including steel and aluminum. A more strict export controls would lead to a headwind for the lumber industry.\nTighter U.S. trade relationships with allies will also speed the roll-out of energy policy which Trump had previously favored. A roll-out would tighten U.S. energy policy to boost production in foreign countries where it has not worked its way through its usual permitting process.\nThe fight over tariffs by the administration reflected the sharp political division as trade wars have loomed during the Trump presidency, as he tried to renegotiate the North American Free Trade Agreement.\nThe proposed tariffs will target heavily damaged companies that supply everything from textiles to jet engines, according to documents released in a lawsuit filed in Delaware on Tuesday.\n“Mr. Trump’s plan to impose tariffs on Canadian softwood lumber would likely hurt North American farmers with heavy manufacturing jobs,” said Adam Williams, who is former director of agriculture for the Office of Management and Budget.\nThe president’s claim that Canada is having a difficult time renegotiating the North American Free Trade Agreement has been met with resistance from the European Union.\nBut the tariffs announced Wednesday will strengthen EU/Canadian ties and will allow Europe to forge closer ties. Companies that source lumber from Canada tend to be American and thus would be more easily targeted.\n“This is a victory for American businesses and consumers around the world,” said Andrew Palmer, managing director for Asia at Cattlemen’s Association.\nTrump spent much of this year on the campaign trail accusing Canada of being overly generous toward the U.S. lumber industry in exchange for NAFTA concessions. He has also harshly criticized Canadian Prime Minister Justin Trudeau and other trade ministers for supporting tariffs on North American steel and aluminum.\nTrump announced the tariffs in a statement which did not elaborate on the Trump administration’s reasoning behind it.\nHowever, he pushed back on Trump’s claim that Canada was unfairly levying retaliatory tariffs on U.S. steel and aluminum.\n“Companies can’t be in the market to obtain [Canadian] steel or aluminum if we export such products to the United States,” Trump said in his statement.\nTRADE WAR?\nCanada’s trade minister said in October that Trump’s tariffs would hurt Canada’s economy and trade relationship.\nA senior administration official, who has seen the information, said the administration did not discuss the decision to impose additional tariffs on Canadian softwood lumber because they had to wait for Canadian industry to leave U.S. markets, but he did not rule out the possibility that they would be imposed.\n“The government supports the premise that Canada’s trade with the United States must continue to improve, and that Canada is obligated to continue to trade in areas where tariffs are appropriate and not in areas where tariffs are appropriate,” the official said.\nThe government officials were not immediately available for comment.\nTrump has frequently criticized Canada in recent months, threatening that if Canada did not re-open its dairy policies and urged China to abandon subsidies for dairy farmers, the two countries would try to take Canadian hardwood products.\nThe new U.S. tariffs follow approval last month by the U.S. House of Representatives for the first of two phases of approval of the North American Free Trade Agreement, (NAFTA). Under the tariff plan Trump plans to produce 90 billion dollars worth of tariff reductions over 10 years.\nThe administration said the tariffs would average between 25 and 40 percent, depending on the country, and be in place for 10 years. Each would bring in a per-country rate of $240,000.\n']
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303
http://www.reuters.com/article/us-usa-budget-idUSKBN17Q0VG?il=0
http://www.reuters.com/article/us-usa-budget-idUSKBN17Q0VG?il=0
Trump’s push to fund wall may be delayed as government shutdown looms
null
null
['Richard Cowan and Steve Holland']
01-01-2021
reuters.com
null
success_wayback
gen
181,379
[0.949999988079071]
['WASHINGTON, Jan 1 (Reuters) - U.S. President Donald Trump’s push to fund the U.S. government on Capitol Hill may not appear headed for a smooth start when the Washington-led debt ceiling deadline approaches on Tuesday with little chance of agreement on the long-term funding demands of Democratic and Republican lawmakers.\nA recent Wall Street Journal article noted that a full shutdown could cause uncertainty and heightened political sensitivities over U.S. budget and spending dynamics, including revenue generation. But other reports from different congressional lines of thought and experts suggested that any planned delay would create “distrust” among Democrats, causing a “noticeable disruption” in key policy discussions, analysts and political observers said.\nThe wall debate comes at a particularly critical moment for Republicans and Democrats, who are coming off back-to-back years of deficits that have the potential to drive prices into the red and cause the economy to suffer.\nTrump’s proposal for massive spending levels on the border wall could succeed just as easily as he signaled in November that he would reopen the government, and give Democrats leeway to hammer out a new funding bill that Republicans want. But it comes at a potentially political cost to both Republican lawmakers and Democrats, who have proposed doing away with the president’s controversial pen and sermons - normally a popular tactic of the president himself - that have turned a partial shutdown into a declaration of war.\nThe wall negotiations are most likely to fail at the last minute because Senate Majority Leader Mitch McConnell is not prepared to risk the risk of failure while raising a Republican debt ceiling emergency bill from the Democratic-controlled House of Representatives that must be passed if the debt ceiling is not raised.\nThe goal, under the standoff, is to strike a deal on either short-term funding, or bilateral borrowing authority deals, that keeps borrowing levels under the $10.9 trillion limit set by Congress and President Barack Obama.\nBut when negotiations resume, both sides will need one more fight over the wall in order to reach the 51 votes needed to pass a $1.3 trillion measure, at one point calling for an extension for more than four months.\n“U.S. officials have told the White House that it’s the Trump administration’s intention to move on the wall proposal,” said Dan Butler, an economist with the University of Texas at Austin and author of “Prosperity’s Politicization: American Insured Finance.”\n“Nobody can stop the president, so they think moving on to short-term funds is important if he wants to maintain long-term bargaining power with Democrats,” he said.\nDOLE ACCOUNT\nThe wall proposal features $1.3 trillion in long-term borrowing authority, including the debt ceiling and the spending program for the Pentagon, while providing $1.4 trillion in short-term funding.\nBut not everyone thinks an ongoing shutdown would be good for the economy.\n“Based on all the good news in the news, it’s almost inevitable that there would be a shutdown because it’s not just the Democrats who want a shutdown, it’s Republicans and their massive cut of defense spending,” said John Delaney, managing director of government affairs at D.C.-based research firm W.P. Morgan & Co.\nRather than securing an extension for the government, Trump’s spending plan would drop around $1.5 trillion, including $750 billion in short-term borrowing authority, and the wall itself. It would be built on private property owned by the U.S. government, but not publicly paid or under eminent domain, a key guarantee in a timely deal on funding levels for the wall.\nSome House Republicans complain that the White House would not allow them to conduct appropriations reviews as they would other agencies’ accounts, such as defense or domestic programs, for various purposes.\nWhile both chambers of Congress would be dealing with “so-called ‘unpaid’ shutdowns,” Congress would have first-to-file appropriations bills under an existing appropriations mechanism, rather than spending agency funding, the funding bill notes.\n']
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304
http://www.reuters.com/article/us-japan-economy-labour-convenience-anal-idUSKBN17Q2FR?il=0
http://www.reuters.com/article/us-japan-economy-labour-convenience-anal-idUSKBN17Q2FR?il=0
Labor shortage a stress test for Japan’s 24/7 convenience stores
null
null
['Sam Nussey and Ritsuko Shimizu']
01-01-2021
reuters.com
null
success_wayback
gen
181,380
[0.949999988079071]
['KAMPALA (Reuters) - A prolonged labour shortage for convenience stores will test consumers’ political resolve to pare the Japanese economy’s dependence on the hot sales of fast-food and travel habits, analysts and stores said.\nKansai Electric Co (KEPCO.J), the largest battery manufacturer in Japan, said on Thursday it would immediately cut back production and restock its entire supply chain, without elaborating.\nCompanies are competing to revive competitive positions in Japan’s expanding economy as shoppers rush for limited discounters to save money at fast-fashion stores or compare low-cost clothes with cheaper luxury ones.\nThe chain that supplied the fast-food chains has been hit hard by a shortage of workers, partly due to a shortage of trained specialists and has produced multiple recalls and omissions from supply chains.\nBelding.jp reported that shortages have been widespread at some of its retail outlets in the central province of Sumida, with more than 24 percent of its products now produced at home. The weak yen helped, the company said, but the cutbacks have had to take longer than expected.\nIt said sales at stores open at least a year dropped by 9.5 percent in November, as the company waited to qualify its plans for operations in the near future, keeping pressure on operations to survive.\nMight the labour shortages be a stress test for Japan’s 24/7 convenience stores?\n“This reduces pressure on supply chains and increases the number of customers ... (But) the shortage of qualified staff will not be an impediment to business,” said Hiroaki Ito, an economist with Nomura.\nKANSAS CITY OPENING FORCE\nKansai Electric said about 3,000 of its 1,700 shops were open to customers in Kansai Electric’s central business district, taking up the space vacated by other Kansai Electric stores.\nBut the potential management problems are likely to work against Kansai Electric, which operates 40 convenience stores in each of the four major cities.\nThe CEO of KM Japan, Michael Bengo, the country’s fifth-largest independent grocery retailer, said the company has already realized its own demand for food and other products from the newly available sales to shrink its budget.\nMutharagi said sales should increase at the grocery store, although he declined to give much clarity on sales volume.\n“The fact that we are open-end retail is good. (But) the poor quality of our stocks are also causing some concern,” he said.\nSpokeswoman Shigehiko Matsumoto said KM Japan said it remained committed to offering better quality and different shopping experiences, adding that store members would respond to customer demands.\nPresident and Prime Minister Shinzo Abe is determined to boost the economy with a new push towards economic growth of at least 2 percent, a step expected later this year.\nMeanwhile, other stores are expected to offer up low-priced items such as bags with Kansai Electric’s products to lure customers from these market groups, saying they will face stiff competition from rapidly growing online competitors.\n“These customers will just shop ... What they will find with the Kansai Electric concept is endless supplies. They will not go to Toys R Us or Wal-Mart, they will go to JLG (retail chain),” said Lim Takushi, head of the political economic and housing finance department at the Economics & Finance Ministry.\n']
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305
http://www.reuters.com/article/us-usa-trump-resort-ethics-idUSKBN17Q2BC?il=0
http://www.reuters.com/article/us-usa-trump-resort-ethics-idUSKBN17Q2BC?il=0
State Department website posts article on Trump’s Florida resort
null
null
['Yeganeh Torbati']
01-01-2021
reuters.com
null
success_wayback
gen
181,383
[0.949999988079071]
["GENEVA (Reuters) - The U.S. State Department on Monday posted a Web page which it said published on Sunday contains a 2015 report on the U.S. One Trump Resort in Florida with 164 pages of all-encompassing information about Republican presidential candidate Donald Trump’s activity in the resort.\nFILE PHOTO: A man walks along the beach in one of the newest resorts at the Fiji Ocean Resort in Fiji, June 6, 2017. REUTERS/Bryan De La Garza/File Photo\nThe U.S. Pinellas Government’s internal repository website showed nearly 25,000 emails from the 2007 to 2009 period, which are available to anyone with an internet connection.\nThe total per server that users must navigate, however, is a further 24,000 in the server category and reportedly includes emails from U.S. citizens and their families and overseas visitors, officials have said.\nThe State Department has declined to elaborate on why the materials were posted on the government website, saying the secretary responsible for the repository material had not yet taken official action.\nAttempts to reach the White House did not receive any response in the last few days.\nTrump called in a few days after election day for a swing state candidate, suggesting Florida could have elected a Republican.\nHe is scheduled to hold a news conference to appear in the central Florida city of Sanford and has asked the FBI for help and the national security adviser, Michael Flynn, to be investigated for possible criminal conduct at the Trump Resort, the U.S. State Department said.\n“The U.S. Government has seen and understands the gravity of the situation of it being reported on U.S. One Trump Resort and believes that it is troubling that it is perceived to be promoting voter suppression in the upcoming election,” U.S. spokeswoman Hope Hicks said in a statement.\nThe State Department said it had put up a post on Facebook describing the document on Sunday as “misleading,” adding that it was produced “as a ‘safe space’ for the public” and only copies and copies of material were sent to them.\nU.S. Presidential Election 'Appalling'\nThe U.S. government has undertaken an intense focus on Trump’s election campaign, with Trump leader repeatedly echoing the president’s anti-immigration rhetoric and disparaging of U.S. and Mexican immigrants.\nThe world is watching as the Trump resort can be used to ferry lobbyists, businessmen and others to Washington and around the world to Washington, D.C. to meet with top Trump officials.\nWhile it is hugely popular in Asia and the Middle East, it has also attracted controversy here and there, including for its anti-Muslim rhetoric.\nA high-profile event in Mar-a-Lago, a customised joint residence owned by his son-in-law and personal friend and billionaire financier Donald Trump, and a New York strip club hosted by the golfing mogul is widely considered to have been a violation of U.S. privacy.\n"]
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306
http://www.reuters.com/article/us-t-mobile-us-results-idUSKBN17Q25I?il=0
http://www.reuters.com/article/us-t-mobile-us-results-idUSKBN17Q25I?il=0
T-Mobile open to merger talks, new subscribers top estimates
null
null
['Anjali Athavaley']
01-01-2021
reuters.com
null
success_wayback
gen
181,386
[0.949999988079071]
['(Reuters) - T-Mobile US Inc was open to talking to buy Sprint Corp, which also has options to acquire Vodafone Group Plc, a person familiar with the matter said on Tuesday, as it opened discussions that have not developed into full-blown talks.\nFILE PHOTO: A man walks into the Toyota Grand Prix of Florida Championship race at Daytona International Speedway in Daytona Beach, Florida U.S., April 9, 2017. REUTERS/Leah Millis/File Photo\n“T-Mobile is open to talking to Sprint as a joint entity. Sprint talks are not exclusive and are not limited to the media,” the person said.\nThe person declined to be identified because the discussions are private. A Sprint spokesman did not immediately respond to requests for comment. A T-Mobile representative did not immediately respond to a request for comment.\nT-Mobile is expected to close talks with Sprint this week, although many industry observers expect AT&T Inc to spin off its wireless business in an initial public offering (IPO) some time before the end of the year.\nRepresentatives of Verizon Communications Inc (VZ.N) and Foxconn Technology Group Ltd (005830.SZ) declined to comment.\nInvestors have been unconvinced by T-Mobile’s price, and have questioned whether T-Mobile could be able to shoulder an impact from a weak subscriber acquisition plan. T-Mobile’s subscribers fell to 294.9 million in the fourth quarter of 2017 from 345.2 million in the prior year.\nA T-Mobile spokesman declined to comment, while Sprint representatives did not immediately respond to requests for comment.\n']
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307
http://www.reuters.com/article/us-akorn-m-a-fresenius-idUSKBN17Q29Q?il=0
http://www.reuters.com/article/us-akorn-m-a-fresenius-idUSKBN17Q29Q?il=0
Fresenius picks up M&A pace with Akorn, Merck KGaA deals
null
null
['Ludwig Burger']
01-01-2021
reuters.com
null
success_wayback
gen
181,389
[0.949999988079071]
['FRANKFURT (Reuters) - Germany’s Fresenius (FRES.DE) said on Tuesday it was adding more inbound M&A activity with Akorn Plc and Merck KGaA (MERK.DE) , boosting the list by nearly 10 times in value.\nA worker cleans houses of Eldorado International Holdings Inc EBOR.O in Oslo, Norway January 2, 2015. REUTERS/Stoyan Nenov\nThe dealmaker said it would focus on establishing a presence in Europe with a focus on Southeast Asia, China and Latin America.\n“This provides us with fresh interest from emerging markets and gives us the perspective to extend in the region,” Chief Executive Officer George Braun said.\nThe dealmaker, which was bidding on M&A properties including a breakwater to a luxury Ibiza resort chain, said it had exited its two deals in 2017, which represented one-third of its total M&A activity last year.\nThe price on M&A properties had improved from a low of 6.5 billion euros ($7.3 billion) before interest and taxes to a more than 8.5 billion euro range previously, Braun said.\nThe value of the M&A deals was up nearly three times in value compared with last year, said Braun, adding that this year was looking good.\nA dealmaker, often called a “eraser on a tiller”, suggests a client pays out the premium for years on large deals after buyout, which is sometimes associated with smaller transaction sizes of at least 50 percent of the deal value.\nIn 2014, when it paid about 54 billion euros for Eastman Kodak’s (ADK.O) film library, it was the world’s largest shareholder with just over 50 percent of the Paris-listed firm.\nFresenius operates five standalone companies with a combined total of 36.7 billion euros in sales last year, giving it the lead in the fast-growing sub-sector of Asia, Africa and the Middle East.\n($1 = 0.8662 euros)\n']
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308
http://www.reuters.com/article/us-france-election-macron-cyber-idUSKBN17Q200
http://www.reuters.com/article/us-france-election-macron-cyber-idUSKBN17Q200
Macron campaign was target of cyber attacks by spy-linked group
null
null
['Eric Auchard']
01-01-2021
reuters.com
null
success_wayback
gen
181,396
[0.949999988079071]
['PARIS (Reuters) - French President Emmanuel Macron’s anti-bias campaign was the target of cyber attacks by a group tied to Iran known as the European Cyber Alliance, the Anti-State Group (ASFA), said in a statement on Thursday.\nFrench President Emmanuel Macron attends a news conference in Paris, France, January 1, 2021 after a foreign minister met to discuss the anti-bias campaign in Syria at state-run Elysee Palace. REUTERS/Benoit Tessier\n“Moreover, the attacks are aimed at the political activities of the European Cyber Alliance and not at the fight against these organizations,” the group said.\nASFA claims responsibility for Paris-based “fake news” platform Progress500, which it says has been infected with an undisclosed foreign cyber attack which is likely to affect several elections in Europe, including presidential, parliamentary and local legislative elections.\nThe group, which Macron has since declared foreign policy was to blame for the attacks, was the subject of reports this week and referred to by Macron in a statement said was issued in mid-December.\n“By linking the European Cyber Alliance to that of the European Central Bank, the Élysée Palace this offers our attention to the attacks committed by these groups,” the statement said.\n“While the action is being undertaken by counter-narratives, such as against University websites, this is particularly against the 2020 presidential campaign, on which Macron and President Barrack Obama will have their highest ambitions.”\nMacron has been criticized for using social media platforms like Facebook and Twitter to contact voters, retweeting false allegations and spreading hate speech at times into the vote.\nHacking defenses at European headquarters\nA spokesman for the European Cyber Alliance declined to comment on the published statement, noting it was too early to comment on details of cyber attacks, at which point it could not be immediately identified.\nMacron has since called for greater EU security to be expanded and to promote competition and cooperation for foreign energy sector development, as well as opening the Internet of Things (IoT) to foreign technology companies.\nThe EU has set aside 5 million euros ($5.5 million) for the four-year project, which aims to make it possible for smart homes to be controlled remotely with a high-tech thermostat and smart locks.\nMacron’s anti-bias campaign initially sparked widespread consternation in France, but was later propelled into policy-making territory by the strong pro-Brexit defense campaign in Britain.\nThe anti-bias campaign also follows its launch earlier this month of a campaign to encourage young people to think of themselves as Muslims and sympathize with anti-Semitism in Spain by pro-Brexit supporters.\n']
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309
http://www.reuters.com/article/us-france-election-idUSKBN17Q0MW
http://www.reuters.com/article/us-france-election-idUSKBN17Q0MW
Hollande urges French to reject Le Pen in presidential run-off vote
null
null
['Bate Felix and John Irish']
01-01-2021
reuters.com
null
success_wayback
gen
181,397
[0.949999988079071]
['PARIS (Reuters) - French President Emmanuel Macron called his candidate for president Le Pen ahead of the election on Wednesday after she rejected his suggestion on Tuesday to send him to the run-off for a second round vote in May.\nFILE PHOTO: French President Emmanuel Macron reacts as he speaks during a speech in Florence, Italy, October 26, 2018. REUTERS/Alessandro Bianchi/File Photo\nMacron urged voters to reject Le Pen in a televised speech that he broadcast late on Tuesday and in video, close to two hours later, to overturn the candidate’s proposal for a two-year term.\nThe main anti-establishment 5-Star Movement, which holds out against Macron, has criticised the president’s plans to rewrite the constitutional order, shift the presidency to a second year from a third and write new laws in the presidential election less than four years away.\nMacron has said he believes Le Pen’s proposal to revise the constitutional order’s administrative rules could stop people voting for him because of her prominence in politics.\nThe video of Macron’s speech followed strong support from many in France, which suffered its worst electoral fortunes since it first joined the European Union with the electoral votes of the far-right National Front in 1994.\nThat vote put on ice an initiative to have Macron run in the May 6 election when he is considered one of the greatest front-runners, although Macron would not face a run-off.\n“Now is not the time for Donald Trump to pretend democracy does not exist at all,” Macron told his supporters at a concert hall in Florence.\nIn his speech, Macron attacked Le Pen for a “phony” and “cronyist” approach to politics. “Le Pen is a cult of personality and a cult of people,” he said.\nRihanna sends ripples across the political map as she attends the UltraViolet presidential party rally in Berlin, Austria, December 29, 2018. REUTERS/Hannibal Hanschke\nIn the last round of voting, Le Pen polled a little more than 20 percent of the vote.\nMacron, who is seen as a moderate candidate of centrist parties and Macron as an establishment reformer, would effectively replace a fractured but mainstream opposition movement, some accusing him of trying to craft an order in an attempt to put the likes of Angela Merkel in charge of European policies.\nTo this end, Macron said his brother Francois is in charge of how French agencies operate, while his new ally, the EU commission’s Jean-Claude Juncker, is more inclusive.\nFailure to return to the run-off would damage the unity of Macron’s presidency, which was secured in October after he was re-elected, and he would have damaged his future as president.\nFacing ridicule from National Front commentators, Le Pen had effectively refused to enter the presidential race and demanded that Macron acknowledge his business acumen and take responsibility for French culture.\nHis promise to leave the EU would not satisfy investors, who fears that a Macron-led leftist government will take over the European Commission, Home Affairs Minister Bernard Cazeneuve said on French television.\nMacron had also warned Le Pen that her candidacy would become a “defensive position” that would signal France was no longer an engine of market growth.\n“These days, when France has all of the necessary allies and the security, energy and the resources, it is best to leave the EU,” Macron said.\nIf Macron, who relies on aid from its neighbour Germany for a lot of economic development, was defeated the candidate would have to declare a candidate-for-president position that began in her second chance, according to forecasts by the National Transitional Council.\n']
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310
http://www.reuters.com/article/us-usa-obama-chicago-idUSKBN17Q29F
http://www.reuters.com/article/us-usa-obama-chicago-idUSKBN17Q29F
Obama makes no mention of Trump in first major post-presidential appearance
null
null
['Chris Kenning']
01-01-2021
reuters.com
null
success_wayback
gen
181,400
[0.949999988079071]
['WASHINGTON (Reuters) - President-elect Donald Trump won’t mention names like former U.S. Treasury Secretary and current U.S. Vice President-elect Steve Mnuchin in a new address to the First Lady’s kitchen table on Tuesday, an omission that many expect the White House could reverse.\nFILE PHOTO: U.S. President-elect Donald Trump listens to U.S. Democratic presidential candidate Hillary Clinton during her Democratic Party presidential primary debate in Hartford, Connecticut, U.S., August 21, 2016. REUTERS/Mike Segar/File Photo\nThe omission affects Clinton, though Mnuchin has publicly acknowledged that he will be a “no-doubt-a-bitch” for the job he has held so long as he continues to advance the U.S. corporate tax and infrastructure policies that have contributed to a top bank bailout.\nPresident Barack Obama has been quick to say he would reverse any policymaking changes that might hamper the Trump administration. In an editorial in the Wall Street Journal, a Wall Street Journal reporter said the White House was “not taking Mnuchin seriously.”\n“Nothing incriminating was said,” the paper reported in a headline.\nMnuchin, who would be Mnuchin’s counterpart in the administration, repeated his belief that the incoming administration would decide to reverse all policies that harmed investors, create jobs and be less willing to risk taxpayers’ money.\nSeparately, on Monday the White House announced that it is closing a Trump transition office, saying it was consolidating over locations in three states.\nSeveral senior lawmakers and staffers familiar with the development said on Monday the decision was precipitated by Mnuchin’s role as head of Treasury during the fraught time he assumed the reins of the Trump administration after the death of Obama.\nThe 60-year-old Treasury official spent years advising the president, who had direct influence over the direction of his government as executive and then for Wall Street firm Lehman Brothers, as well as the financial industries throughout the 1990s.\nMnuchin will be the first of several new senior advisers to the administration.\nTrump’s appointment of Montana Senator Brian Schatz and Alabama Senator Luther Strange as new U.S. Attorney for the Southern District of Alabama are among the notable changes that Obama had announced to help him clear the way for economic change in the United States.\nSchatz was chosen to replace Mitt Romney, who retired this month after suffering the highest approval rating of any member of the party in U.S. history, according to the CNN/ORC International poll released on Friday.\nStrange is expected to become the first Hispanic senator from Alabama in state history.\nOther announcements that have already been made are that former Maryland Governor Martin O’Malley, who will become a U.S. Senator in Maryland in July, will be the first Native American to serve as Governor and that Michael McCaul, the former House Speaker, will become the chairman of the Energy and Commerce Committee.\n']
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311
http://www.reuters.com/article/us-tesla-assemblyline-idUSKBN17Q0DE
http://www.reuters.com/article/us-tesla-assemblyline-idUSKBN17Q0DE
Tesla’s big Model 3 bet rides on risky assembly line strategy
null
null
['Alexandria Sage']
01-01-2021
reuters.com
null
success_wayback
gen
181,402
[0.949999988079071]
['FILE PHOTO: Tesla CEO Elon Musk attends the Reuters Auto Summit in Los Angeles, California, U.S., July 27, 2018. REUTERS/Lucy Nicholson/File Photo\nDETROIT (Reuters) - When Tesla Inc (TSLA.O) unveiled its first electric-car, the Model 3, a year ago, it said the production model was “a top priority” at the massive Fremont factory on top of other “challenges” Tesla had made before.\nBut its first of these production concerns has been the designs and production plans of the factory, under which the company plans to transform the assembly line into a proving ground for the cars.\nTesla, known for its sometimes opaque and unpredictable manufacturing strategy, is riding the most recent test drive of those plans as the studio sets its financial outlook for the year ahead.\n“We are ahead of schedule on the Model 3,” Chief Financial Officer Patrick Pichette said on Wednesday.\nThe Model 3 would cost $60,000 in base price, and it would seat 78 passengers and is slated to go on sale next summer. But it is not yet a luxury car.\nTesla is planning a battery factory in the Fremont factory that it refers to as the “Bodies” in the company’s “Breakthrough Studio” plan.\nThe $5 billion factory, to be built with state-of-the-art financing, will produce electric-only models like the Model S sedan and the Model X. They will be powered by electrified batteries, which Musk has said should be available for other electric vehicles.\nTesla said it planned to launch the Model 3 at 2,000 stores by the end of the year. The size of that production ramp would depend on how valuable that factory is for Tesla and Tesla Model S and Model X owners and how it compares to other production outlets.\nBecause of its “bodies” plan, the company said it could not have set the schedule for other factories that it had authorized for its Model 3.\n“We are not worried about that,” Pichette said.\nMusk on Wednesday said Tesla’s experience using Marvel Studios to explore the movies on the other side of the world “lay down a thoughtful blueprint.”\nHis “Team USA” winning film, “Black Panther,” was produced in China and Shanghai.\nMusk declined to say how much revenue Tesla had forecast at its $62 billion global unit with sales around 50,000 cars annually, compared to about one million for Samsung Electronics Co Ltd (005930.KS).\n“I think that’s probably the biggest number since Sunquest, and we’ll probably put money back into production this year,” Pichette said.\nThe eight-month version of the Model 3 was unveiled last month at the Paris auto show and according to Pichette, the car is designed to last longer, more fuel-efficient and perhaps make Tesla a social network among Chinese customers.\nThe Model 3 is on sale in Model S, Model X and Model XC model editions at the end of the month. It will start at $47,000 and go on sale in the second half of 2021.\n']
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312
http://www.reuters.com/article/us-usa-stocks-idUSKBN17Q12S
http://www.reuters.com/article/us-usa-stocks-idUSKBN17Q12S
French election results catapult Wall Street higher; Nasdaq sets record
null
null
['Rodrigo Campos']
01-01-2021
reuters.com
null
success_wayback
gen
181,404
[0.949999988079071]
['ABU DHABI (Reuters) - One of the most vulnerable sectors of the economy may have returned to investors’ appetite, leading to the largest private sector drop in three months on Thursday, as investors bet rising inflation in the euro zone will prove more important than tax cuts to the economy in a second round of French elections.\nAll eyes were on Ireland, where the pro-European People’s Party made moves against the reform of the country’s official pension scheme and for a graft probe.\nWith only two months to go before the Feb. 8 election, the result of Tuesday’s vote on France’s 2014 euro zone entry and the French Labour Party’s goal of establishing themselves as the “queen of the euro zone” will play into Labour’s hands.\nAmid fears the economic recovery in the euro zone was cooling, European Central Bank President Mario Draghi said in a speech late on Wednesday that the euro zone was headed for a “more challenging environment” and that there was no immediate solution to the problems.\nThough the weekend saw a spike in global equity markets, euro zone stocks were barely changed from their previous session, at SMP146.06. The benchmark index has lost nearly three percent since the start of this year and remains less than half its pre-crisis peak.\n“We expect economic growth in the euro zone to trend up in the second half of the year and ... the next phase of economic recovery will be weaker in the euro zone in the second half of 2021,” said James McCormick, global head of interest rates strategy at Citi in London.\nThe euro zone economic slowdown is likely to continue and after the region’s central bank failed to take the long-awaited easing measure, it will need to provide some support from monetary policy policymakers, McCollum said.\nThe ECB launched an emergency lending scheme on Tuesday, complete with a guarantee for existing loans of 90 billion euros. The move drew muted reaction and pulled the lid off some fears that it might be limited in the way it decides how much.\nHowever, volatility is being punished as investors fear that the ECB will get its money, at least, some time after the vote.\nVoting machines were set to shut for more than four hours across much of France on Thursday until voting ends.\nPassive voting, third-placed efforts to send voting machines to each polling station and protests in some districts, only pushed EU officials and protesters towards the brink of a disorderly exit.\nMost markets remained wary, however, due to a May date for a special scrutiny vote by the European parliament.\n']
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313
http://www.reuters.com/article/us-bank-branches-idUSKBN17Q28N
http://www.reuters.com/article/us-bank-branches-idUSKBN17Q28N
Number of U.S. bank branches to shrink 20 percent in five years: real estate report
null
null
['Olivia Oran']
01-01-2021
reuters.com
null
success_wayback
gen
181,406
[0.949999988079071]
['NEW YORK (Reuters) - The number of bank branches in the United States will shrink by 20 percent in five years, shrinking the vast business of banks through cost-cutting, the U.S. Department of the Treasury said on Monday.\nFILE PHOTO: Visitors walk past a bank building under the construction of Bank of America in downtown Los Angeles, California, U.S., September 30, 2017. REUTERS/Lucy Nicholson/File Photo\nThe decline coincides with the decline in more than 400 big-name banks that are entering into into asset-backed securities (MBS) and other mortgage securitizations in a boom industry.\nThe overall number of bank branches fell by 28 percent in the year ended December, to 3.78 million as of December 31, according to a report by Treasury’s Office of the Inspector General, based on data from the Treasury’s Office of the Comptroller of the Currency.\nAnalysts said the narrowing of the decline of branches could be achieved in part by automating many of the billions of dollars in capital required to acquire and maintain Bank of America.\n“During this time of economic contraction, we are confident that Bank of America, Wells Fargo & Co and Citigroup Inc would be able to control their costs and increase profitability to better manage risks,” said the report.\nBy contrast, Bank of America’s U.S. president-elect Donald Trump’s promised to shrink the U.S. banking industry by 17 percent, would still be “too big to fail” by the end of 2020.\nThe result, OIG said, would be “a substantial reduction in the incentive to put our customers and their interests ahead of our own.”\nLast year, many banks grew further competitive by acceding to MBS obligations from the Dodd-Frank Wall Street Reform and Consumer Protection Act.\nThe CFPB said in 2017 that 22.6 percent of bank branches were MBS, down from 24.7 percent in 2016, and close to the number of branches of privately-held FleetPoint Mortgage Corporation (FMC) it tapped for assets. The rest were at a rental-for-loss condition.\nThe largest branch in the United States, as a whole, was in Charlotte, North Carolina, which in September filed for bankruptcy.\nBank of America now has a total of 14,800 branches across the United States, most of them in the Chicago area.\nBank of America, JPMorgan Chase & Co (JPM.N) and Wells Fargo (WFC.N) have also filed for bankruptcy protection or taken action to close bank branches.\nThe local numbers reported also show that while the number of U.S. banks shrank to 11.4 percent in 2016, those banks have recovered more quickly.\nIn a statement, the OIG said credit provision tightened at the end of September and increased 1.6 percent for the second quarter of the year compared with the same period a year earlier.\nThe agency further said that “the fastest growing segments of the banking industry in 2019 will be non-bank entities,” whose assets could fall by 30 percent by 2020.\n']
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314
http://www.reuters.com/article/us-global-oil-idUSKBN17Q023
http://www.reuters.com/article/us-global-oil-idUSKBN17Q023
Oil slips on OPEC cut extension doubts, Russia output worries
null
null
['Devika Krishna Kumar']
01-01-2021
reuters.com
null
success_wayback
gen
181,409
[0.949999988079071]
['(Reuters) - Oil prices closed lower on Thursday, with OPEC losing ground on a supply-cutting agreement to extend output in a non-competitive market, though investors were unsure whether the price hit the top end of its range or ended the session marginally higher.\nFILE PHOTO: A marine pump pump in the Arabian Gulf just south of the Shetland Islands in the Gulf of Carige, Britain, June 24, 2016. REUTERS/David Moir/File Photo\nOPEC cut output by 2.5 million barrels per day (bpd) this week in a bid to cool a decline after it agreed to extend output cuts in the first six months of this year, and vowed to maintain the current system of waiting until next year. [O/R]\nStocks of some of the world’s biggest crude exporters . Russia and Saudi Arabia are in talks over an extension. Tehran had agreed to extend output cuts. Saudi Arabia last week raised the stakes in talks and hinted it was prepared to extend its existing ones.\n“The market was caught in the current uncertainty about OPEC and Russia’s implementation of their production cut agreement,” said Briton Davis, head of commodity strategy at Societe Generale in London.\n“That market has a pretty dull week, perhaps limited on a daily basis. The extent to which it is reaching consensus remains unclear.”\nU.S. crude <CLc1> rose 0.6 percent to $47.90 per barrel, having risen overnight but off $48.14 in the last two sessions.\nU.S. crude fell 0.8 percent to $41.98 in overnight trade. Brent crude <LCOc1> lost 0.4 percent to $45.11 per barrel.\nU.S. West Texas Intermediate <WTI> crude <CLc1> added 0.4 percent to $41.81 per barrel.\nElsewhere, spot light sweet crude, which trades in U.S. dollars, fell 0.6 percent to $46.43 per barrel.\nThe overall global crude market share of the world’s largest oil producers rose to 44.17 percent in the first seven months of this year from 34.79 percent in the same period of 2017, according to Baker Hughes.\n“The main drivers of the market share for the United States are production from OPEC countries. Also, Saudi Arabia and Russia have lowered production,” said IHS Global Insight analyst Conor Wood.\nThe production cuts, in concert with Russia and Saudi Arabia, have raised the price of Brent above $50 per barrel and not offered much economic justification for the market, said a trader with a European bank.\n“There may be a bit of a bounce this time around but the market has got a bit of a short-term impetus here,” he said.\nDEBT STATEMENT\nInvestors were skeptical about the outcome of a standoff between the United States and Russia over continued demands for more oil and Iran are preparing for a possible extension of its production targets.\nU.S. President Donald Trump has insisted that the U.S. and its allies must resolve the energy dispute by purchasing Iranian oil.\nWhile the standoff has dragged on for six months, markets think the U.S. may eventually lift its oil production target of about 15 million barrels per day to 25 million barrels per day, possibly in June.\n“We are skeptical if (Trump) actually believes in the supply cuts outlined by OPEC,” economists at Goldman Sachs wrote in a note to clients, with Brent for June 2017 at $41.08 per barrel and WTI for June 2017 at $42.61 per barrel.\nEconomic data due next week will also play a role in how the U.S. economy might weather out the current Trump presidency, predicted Unilever Chief Financial Officer Alexey Shimenko.\n“Even though the U.S. has done a lot of tough budget cuts lately, we don’t see the implications for oil prices,” he said.\nYet at an online conference of top officials on Thursday in Sydney, a Reuters Poll showed that optimism about job security that could translate into higher oil prices helped push crude into a tight trading range.\n“A long-awaited deal to extend the current six month production cut, which expires in two months, will determine when the market will re-test its new high price in June,” said Chris Pomeroy, chief market analyst at IG Markets.\n']
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315
http://www.reuters.com/article/us-microsoft-linkedin-idUSKBN17Q1FW
http://www.reuters.com/article/us-microsoft-linkedin-idUSKBN17Q1FW
Microsoft’s Nadella banks on LinkedIn data to challenge Salesforce
null
null
['Stephen Nellis']
01-01-2021
reuters.com
null
success_wayback
gen
181,414
[0.949999988079071]
["(Reuters) - Microsoft Corp’s (MSFT.O) Chief Executive Satya Nadella said on Wednesday that LinkedIn Corp’s (LNKD.N) total users may enable the company to compete with Salesforce Inc’s (CRM.N) analytics engine.\nFILE PHOTO: A Microsoft logo is pictured on a desk at the company's conference room in New York City, U.S., January 27, 2017. REUTERS/Brendan McDermid/File Photo\nLinkedIn said on Tuesday that Nadella, who was promoted to CEO in 2015, had received more than 90 million LinkedIn users between September and September, 2017.\n“We want to be able to run every kind of marketing campaign,” Nadella told analysts on an earnings call.\nLinkedIn’s growth, combined with recent success at acquiring LinkedIn and Snap Inc (SNAP.N), lead analysts to ask Nadella about LinkedIn’s data.\nLinkedIn already provides thousands of tools and services to marketers and businesses in the social media space, including a database of the most popular publicly traded companies, its tools for recruiters and its loyalty rewards program.\nNadella said LinkedIn already had software that runs its own training company, Facebook CSCO.O, but he declined to provide any more details.\nIn the fall, CSCO said it would buy LinkedIn for $3.35 billion, as it looks to enter a new revenue stream in the ever-expanding cloud computing industry.\nShares of LinkedIn Inc were up 6.4 percent at $389.25 in premarket trading.\nNadella said LinkedIn has over 4,500 employees.\nSalesforce, which competes with Microsoft in cloud software services, including cloud for data centres, is trying to consolidate services into separate divisions, an area it will keep open, said Tony Jacobson, chief executive of Salesforce.\nNew York-based Salesforce shares, which slipped to their lowest close in almost a year after the appointments, were last up 0.3 percent at $36.51 in late afternoon trading.\n(This version of the story corrects the number of LinkedIn users to less than 60 million, not more)\n"]
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316
http://www.reuters.com/article/us-usa-education-loans-idUSKBN17Q2AQ
http://www.reuters.com/article/us-usa-education-loans-idUSKBN17Q2AQ
Democratic state attorneys general decry student loan rework by Republicans
null
null
['Lisa Lambert']
01-01-2021
reuters.com
null
success_wayback
gen
181,416
[0.949999988079071]
['U.S. Democratic state attorneys general across the country decried a draft resolution by their Republican counterparts to rework the student loan repayment process with a provision to fix a longstanding loophole that grants borrowers more income without using public money for repayment.\n"The \'debtors\' proposed inclusion on a draft resolution revises a longstanding, inequitable loan repayment mechanism and consolidates many hundreds of millions of dollars from existing student loans into a newly secured repayment scheme, which poses serious financial risks for the taxpayer and violates the law," said Wendy Timpf, the state attorneys general of Minnesota, Maine, Delaware, Montana, Iowa, Colorado, North Dakota, Rhode Island, Nevada, and Wisconsin.\nThe bill would expand repayment eligibility by giving borrowers more flexibility in allowing them to repay their debts with money from part of their college funds, which typically are paid out over an 18-year period.\nPresident Donald Trump signed an executive order in October requiring colleges and universities to update their student debt repayment practices and offer a more tailored set of payment options based on borrowers\' income. In addition, college funds agreed to offer repayment calculators to borrowers and to convert newly-issued student loans into debt-free ones when they take out a new loan from another institution in the future.\nThe Republican-led National Association of State Attorneys General -- which represents state and local law enforcement departments -- expressed disappointment in the draft resolution.\n"There have been many previous attempts to address the public\'s lack of accountability, and this plan to do just that will address its shortcomings," said Brad Clark, the association\'s vice president for litigation and public policy.\nTimpf defended the proposal\'s passage in an email to The Washington Post on Wednesday, saying students could benefit from having access to the experts responsible for U.S. courts who advise them about repayment.\n"The legislative intent of the proposed bill is to include them into the new financing model and continues to allow people to qualify for a relatively small amount of income without any real risk of harm or financial hardship," she said.\nSubscribing to the credit card transaction before entering a school can be a better option, she added.\nThe proposed resolution is also expected to pass the House of Representatives, an indication it is headed for a large vote.\nWhen Democrats launched their campaign for president in 2016, they said Republicans in Congress were slowly dismantling rules designed to encourage education reform.\nBut Democrats, believing the expansion of student-debt repayment protections could ensure students could recoup the amounts they owed to schools, seem to be facing another challenge in January.\nSpeaker Paul Ryan and his Republican allies have announced that they will seek to revisit controversial provisions of their 2016 Republican platform that would have slashed new funding for middle-class families.\n(Reporting by Lisa Lambert in Washington; Editing by David Gregorio)\n']
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317
http://www.reuters.com/article/us-akzo-nobel-m-a-ppg-inds-idUSKBN17Q1EL
http://www.reuters.com/article/us-akzo-nobel-m-a-ppg-inds-idUSKBN17Q1EL
PPG raises offer for Akzo Nobel to $29 billion
null
null
['Toby Sterling']
01-01-2021
reuters.com
null
success_wayback
gen
181,419
[0.949999988079071]
["(Reuters) - PPG Industries Inc (PG.N) has boosted its offer for American home-improvement firm Akzo Nobel to $29 billion, well above Akzo’s earlier bid of $31 billion, and could be set for a rebound from a pre-offer low, sources familiar with the matter said.\nA sign is displayed in a branch of Tyco International Ltd's headquarters in central New York, U.S., December 27, 2018. REUTERS/Brendan McDermid\nPPG’s offer may give Akzo the benefit of having the scale to compete in the classic renovation market such as renovating kitchens and bathrooms, said the sources, who declined to be identified because the talks are private.\nRepresentatives for PPG, Akzo and Reuters could not immediately be reached for comment. Akzo and PPG declined to comment. A previous PPG spokesman said the firm was studying its offer.\nHewlett Packard Co (HPQ.N) on Tuesday said it is exploring ways to buy Akzo after attempting to buy it for a trillion dollars.\nThough a merger would satisfy shareholders on both sides of the Atlantic, analysts say the offer - priced at below current U.S. share prices - suggests the combination is expected to hurt shareholder returns. Shares of the two companies were down as much as 3.7 percent in the morning.\nThe potential change of mind comes as a long-standing rival to European PPG had said its investors want a PPG buyout.\nOther PPG suppliers - including supplier Alimentation Coupa (ATPG.N) and rival Mitecare - had called for another deal, according to Bloomberg news.\nPPG had initially offered its 22.6 percent stake in Akzo, a move it is planning to sell if the agreement is approved by regulators.\nThat was under threat last year when a U.S. judge granted a preliminary injunction against Akzo in a dispute over labor practices that followed a trade war. Justice Department representatives in a recent hearing said the companies’ dispute over labor practices had reached a point where the two sides needed to reach an agreement.\nIn its latest quarterly report, PPG said it had repurchased 7.9 million shares of Akzo, worth about $110 million at current exchange, at a price of $34.65 per share.\nThe sale of about 95 percent of Akzo would turn around the struggling company that is a customer of PPG’s natural resources business, according to Bloomberg.\nAkzo has agreed to pay about $27.4 billion to buy and transform PPG, which has operations in Europe, the Middle East and Africa.\nIn May, a Delaware judge gave PPG permission to explore a bid for fellow natural-gas producer NV Energy, after the company refused to pony up more money for the deal.\n"]
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318
http://www.reuters.com/article/us-ge-deal-algeria-idUSKBN17Q0LQ
http://www.reuters.com/article/us-ge-deal-algeria-idUSKBN17Q0LQ
GE Power’s $3 billion deal creates hundreds of jobs in Algeria
null
null
['Alwyn Scott']
01-01-2021
reuters.com
null
success_wayback
gen
181,420
[0.949999988079071]
['CAIRO (Reuters) - Chevron’s purchase of 57 percent of Algerian gas giant LNG PNG bought an investment with total oil and gas investments of a total of 4.1 billion CFA francs ($3.04 billion) starting in 2020 to create 750 jobs, according to its 50-year-old owner.\nVodafone Group Plc has been in talks to buy the Algerian firm since January, according to media reports. LNG PNG, already a formidable in the West African country, will be part of France’s Montgomerie Group, which is Saudi Arabia’s biggest gas exporter and the only private company in the country.\nIn a statement, Chevron said some funds and relationships around the world, but that it would remain focused on a wide range of work, including carbon capture and storage.\n“Vodafone is continuing to work with Chevron to pursue the establishment of a joint venture with others in order to build a cost effective, environmentally-responsible, energy company,” CEO Patrick Pouyanne said.\nPlans are still being drawn up for a possible acquisition by Asian investors, the Algerian government and investors in Algeria, Algeria’s central bank said on Tuesday.\nChevron will also have three banking and investment funds in Algeria, as well as a credit union. Algeria’s state-run state gas company Algiers Automated Gas will also set up new debt financing service facilities.\nIn two months, Chevron will have signed agreements with LNG PNG on jointly developing an uncompleted gas field in the West African country with LNG PNG, part of its overall 2020 target for investments in Algeria.\nIn the joint venture, gas gas will then be generated by Gala Gas Fund. It is an affiliated program for investors who want to add energy companies to offshore projects in the West African nation.\n']
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319
http://www.reuters.com/article/us-usa-immigration-ruling-idUSKBN17R2QO
http://www.reuters.com/article/us-usa-immigration-ruling-idUSKBN17R2QO
U.S. judge blocks Trump order to restrict funding for ’sanctuary cities’
null
null
['Dan Levine']
01-01-2021
reuters.com
null
success_wayback
gen
181,422
[0.949999988079071]
['Jan 1 (Reuters) - A federal judge on Thursday blocked President Donald Trump’s planned ban on U.S. funding for local and state departments and agencies that enforce immigration laws, potentially dashing the mandate of Congress to enforce them.\nThe judge also barred Sessions from enforcing the ban, but said he would support appropriate forms of cooperation with local authorities. Trump directed Congress to enact a law declaring them to be illegal.\nIn Washington, the Justice Department also appealed the decision, which U.S. District Judge Wendy Lenihan agreed with a federal appeals court ruling in Nov. 22 that said states could refuse to enforce immigration laws because they had taken steps to end deportations of people in the United States illegally.\nThe action by the Justice Department clears the way for a judge in the new administration to appoint a deputy attorney general to oversee the sweeping U.S. order. The new administration is expected to order the Justice Department to focus on challenges to its interpretation of the Immigration and Nationality Act.\nThe 9th U.S. Circuit Court of Appeals in New York on Thursday ruled 5-4 that Sessions could have broad powers to use federal funds to enforce federal immigration law.\nIn a sign of government dismay, Sessions’ attorney, Stephen M. Cohen, responded on Twitter: “The court reaffirms the Fourth Amendment’s right to privacy, and now the government will reject attempts to restrict vital immigration law.”\nCritics in Congress voiced concerns that the political correctness of some of the U.S. Justice Department’s top officials might harm the interests of the national security and civil rights organizations.\nIn December, the White House and Congress passed a draft legal order limiting enforcement of U.S. immigration laws. Among the recommendations was that the Trump administration would use the detention center at Fort Detrick, Maryland, where it says 1,700 unaccompanied minors were taken in October to child detention centers.\nThe order was a welcome step for the department, which had said it wanted the detention center at the detention center at Fort Detrick to begin by the end of January, but Trump’s Justice Department has argued that being allowed to continue to detain minors that have already been apprehended violates federal law.\nStephen Shinberger, an assistant attorney general who oversees immigration law, defended the detention center’s limited detentions at the crime site to keep pressure on another set of detainees that the administration said was coming to the site.\n“They made all of this up and they have to recognize they didn’t clean the place up,” he said of the detention center.\nBut ACLU Executive Director John Robins said the agency was working with the Justice Department to make the facility “fit the image” of a “hellish sanctuary” in South Carolina, where it says more than 1,000 people have been detained since the civil unrest there in November.\nIn Trump’s policy announcements, the administration has sought to upend recent support for sanctuary cities in Washington, similar to past policies by Arizona and California, such as implementing the California sanctuary law.\n“ICE in Washington and its allies in Boston say Mayor Muriel Bowser and her allies had a good relationship with Trump but they went down that route. They didn’t agree with immigration policies,” Robins said. “We don’t need to ask the mayor of Portland, Oregon, how she did it.”\n(Reporting by Dan Levine in Washington; Editing by Kevin Drawbaugh)\n']
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320
http://www.reuters.com/article/us-southkorea-usa-thaad-idUSKBN17R2VA
http://www.reuters.com/article/us-southkorea-usa-thaad-idUSKBN17R2VA
U.S. says strategy on North Korea centers on sanctions, open to talks
null
null
['Phil Stewart and David Brunnstrom']
01-01-2021
reuters.com
null
success_wayback
gen
181,423
[0.949999988079071]
['WASHINGTON (Reuters) - After a lukewarm reception to efforts by President Donald Trump to implement sanctions against North Korea to gain leverage on the isolated state, the United States is ready to re-launch sanctions against Pyongyang on an open and constructive basis, its top diplomat said on Thursday.\nAmbassador Christopher Hill addresses a news conference at the South Korea Press Club in Seoul, South Korea, January 1, 2017. REUTERS/Lee Jae-Won\nDuring an interview with reporters, U.S. deputy National Security Adviser David Friedman said the U.S. would respond to any action taken to limit the destabilizing nuclear and missile programs of the North Korean regime “if needed.”\nFriedman also said there would be “massive international pressure” to punish Pyongyang and urged members of the group to engage in open dialogue with the North.\nThe United States and its allies have imposed 14 measures since Trump took office seeking to force North Korea’s immediate and long-range missile and nuclear weapons programmes to end.\nTrump said in a statement on Wednesday that the measures were aimed at making it harder for the North to get missiles and other capabilities that it is producing with impunity. It has held six missile tests since that ban was lifted last year.\nFriedman said, however, that the U.S. is not prepared to resume sanctions, which he said could not be a trigger for cutting off trade with North Korea, “but there are three things we’re committed to.”\nHe added that the United States remains “all-in” on countering North Korea’s military offensive in the country, an undeclared military program but expected to become more frequent in the future.\n“We are ... on the verge of an end of denuclearization, but the bottom line is that our strategic interests cannot be jeopardized,” Friedman said.\nBeijing agreed to meet North Korea’s foreign minister, Kim Dae-jung, on Sunday after North Korea agreed to engage in talks. North Korea has repeatedly refused to submit to U.N. resolutions calling for a freeze of its nuclear and missile programs, saying its nuclear programme has no military purpose.\nA senior U.S. official said Pyongyang had sought to build up its political and economic clout within the United States. But Friedman said the Russians were encouraging it to work with China and other regional leaders.\n“Those other countries have been supportive,” Friedman said. “They are open to regime change - as long as there is a hope of securing a regime change.”\nFriedman said the United States “is prepared to isolate any country” in its campaign against Pyongyang and called for developing another arsenal of nuclear and missile weapons to “power the North Korean people.”\n']
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321
http://www.reuters.com/article/us-wells-fargo-accounts-meeting-idUSKBN17R0AM
http://www.reuters.com/article/us-wells-fargo-accounts-meeting-idUSKBN17R0AM
Wells Fargo board gets black eye in shareholder vote
null
null
['Dan Freed and Ross Kerber']
01-01-2021
reuters.com
null
success_wayback
gen
181,424
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['(Reuters) - Wells Fargo & Co is facing an embarrassing shareholder vote on whether its board can oust directors in an attempt to shore up a contentious merger that may cost shareholders too much.\nThe bank, which has come under scrutiny recently for poor integration, said on Wednesday it decided not to proceed with the talks with Jefferies Group LLC, the unit that controlled about 80 percent of the vote at an investor meeting in December.\nThe bank’s failure to appoint or oust chairman John Stumpf, considered one of the bank’s most aggressive critics, comes on the heels of controversies at other bank shops around the world. The stock has lost 60 percent of its value over the past year.\nEven more embarrassing for the bank is its sale of mortgage bonds to Resolution Group last year that was contingent on Wells Fargo removing Stumpf and his board by January 1.\nSan Francisco-based Wells Fargo posted a shareholder vote on Wednesday that could influence a ruling from the U.S. Federal Reserve for two weeks on the bank’s conditions for approving the $14 billion deal.\nMost investors had planned to vote in favor of the sale even though the bank, under pressure from activist investors, denied the hearing had any implications for its conditions.\nEquity investors are generally in favor of a sale of a major bank, but they are wary of buying a bank that is already in the middle of a restructuring. Some analysts are wary of a dilutive offering of shares.\nWells Fargo declined to comment about whether the vote would disrupt the shareholder vote.\nThe bank declined to comment on the five-year-old deal, saying instead it was the bank’s internal deliberations.\nWells Fargo currently has limited options for approving a sale, including running off the option to divest of mortgage bonds and sell off other assets to get a better value for its shareholders.\n“We believe that we do not adequately address the issues that matter in the presentation,” said bank CFO Heather Bresch, who said Wells Fargo’s decision not to publish a plan regarding key decisions related to the restructuring agreement was an important public policy factor in the investor response.\nThe bank is also facing a shareholder vote on a controversial suitor, Endurance Financial Group, said Credit Suisse Group AG. That deal, struck in August, was worth slightly more than $4 billion after the bank valued Endurance at about $2.4 billion.\n']
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322
http://www.reuters.com/article/us-usa-fcc-media-idUSKBN17R2W7
http://www.reuters.com/article/us-usa-fcc-media-idUSKBN17R2W7
U.S. FCC to launch ’comprehensive review’ of media regulations
null
null
['David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
181,425
[0.949999988079071]
['WASHINGTON, Jan 1 (Reuters) - The U.S. government is beginning a fresh round of consultation with public television and radio broadcasters over regulations governing how they carry content, said the FCC on Wednesday.\nThe FCC called the consultation open, and provided a detailed explanation of why the proposal, which proposes to regulate on a 2.0 scale the published content that uses those terms, might be not required by the bill.\nThe FCC worked with media firms such as WNBC in resolving some proposed rules regarding the content of local TV stations.\nPolicymakers believe that language “involved inappropriately.”\nThe FCC requested a review of “comprehensive content governance,” which it said is “not expected” by private broadcasters.\n“It is recommended that such content governance test be supplemented by a public communications assessment and research tool,” the agency said in its report.\nThe FCC said it understands the business community’s objections and that it is the only agency to address them.\n“We hope to resolve this review in the near future, to best meet the marketplace requirements for broadcasters to maintain and improve their content and to comply with the regulatory changes that I have initiated,” FCC Chairman Ajit Pai said.\nThe FCC is not going to rush to complete a comprehensive review of the proposed rules. (Reporting by David Shepardson; Editing by Will Dunham)\n']
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323
http://www.reuters.com/article/us-ohio-police-shooting-idUSKBN17R2YV
http://www.reuters.com/article/us-ohio-police-shooting-idUSKBN17R2YV
Cleveland officer in Tamir Rice shooting ’did not know was kid’: video
null
null
['Kim Palmer']
01-01-2021
reuters.com
null
success_wayback
gen
181,426
[0.949999988079071]
['CLEVELAND A Cleveland police officer admitted that he did not know that he shot and killed a 6-year-old boy in the neck on November 20, 2014, a legal statement released on Wednesday shows.\nOfficer William Moore, 41, pleaded guilty to lesser charges, including criminally negligent homicide, for fatally shooting Tamir Rice after a struggle in a Cleveland home on Christmas Eve in 2014.\nMoore\'s actions were “nothing short of negligent,” his attorney said in a statement after a judge sentenced him to 15 years of probation in January.\n“Whatever else this scandal did or did not inspire us to do, it was not what the Cleveland Police Department would do in this moment for us,” Moore\'s attorney, Marc Caputo, told a news conference.\nWith just under nine hours of video footage, the decision was easy for prosecutors. They used it in their plan of their case, and critics said they were clueless about the video while other ways of scrutinizing a police officer face an uphill battle.\nThe legal statement did not come as a surprise to any Cleveland family members or residents who left comments on Facebook on Wednesday, but could bring attention to poor communication between the officers.\n“Too many people told me not to look at this footage,” Margaret Grant, 77, told Cleveland.com. “I didn\'t get to watch a 16-minute video.”\nMoore\'s wife, Jillian Miller, called a grand jury decision "very, very unfair to our son.” The Pennsylvania man faces a murder charge, and the Cleveland police department has said that Moore faces no charges.\nDefense attorney John Parsons said Moore\'s lawyers had hired a new attorney, Darryl Dixon. He did not immediately respond to a request for comment.\nMichael Wilkins, a critic of Cleveland police, said the incident was a teachable moment for local law enforcement.\n“Each of these cases has grown worse with time,” he said. “This is a huge step in the right direction.”\nThe case was the first to feature internal affairs officers handling thousands of complaints about wrongdoing by local police.\nMoore was brought into police custody because he had “unknown hands” and knew he was not being investigated, the Police Complaints Commission said. He had not been wearing a seat belt and there was no dashboard camera.\nHe also knew he was trying to stop an unlicensed car, Officer Gregg Finnegan told the report. Finnegan testified that Moore stopped when he was listening to music.\nTo help investigators understand the scope of the problem and challenge the police chief\'s argument that Moore had fallen into the officer\'s first-grade classes, a team of analysts set up a two-page legal statement saying prosecutors could not prove beyond a reasonable doubt that Moore acted in an aggressive manner in the case.\nA white dashboard camera also recorded part of the struggle with Moore, the statement said.\nAccording to the statement, Moore returned to his car and fired four shots at the boy, with no apparent intention of killing him. Moore took cover behind a locked locked door.\nCleveland Chief Tim Jackson\'s office has said there was no probable cause to believe Moore was considering killing the boy or the city\'s top cop.\nPolice Lieutenant Jonathan Ahlquist said the handling of the incident shows that the department has lost confidence in the officers.\n“They are so distraught about the officer that, sadly, this is just another example of an officer taking on a very big and complex task,” he said.\n(Reporting by Kim Palmer in Cincinnati; Editing by Nick Zieminski and Andrew Hay)\n']
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324
http://www.reuters.com/article/us-global-economy-cash-idUSKBN17S001?il=0
http://www.reuters.com/article/us-global-economy-cash-idUSKBN17S001?il=0
Cashless society getting closer, survey finds
null
null
['Jeremy Gaunt']
01-01-2021
reuters.com
null
success_wayback
gen
181,427
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["CERN, Switzerland (Reuters) - Large savings accounts and cashless society are beginning to take hold in the United States and Mexico, but in most areas local branches are not as popular, and early results show consumers will not sign up to be cashless after all, the Swiss bank CERN said on Wednesday.\nA U.S. department store signs a dollar note outside London's Canary Wharf International Financial Centre in London, Britain, September 2, 2015. REUTERS/Stefan Wermuth\n“In this way, there will be a decline in the mobile economy, driven by technological changes in certain markets,” the CERN bank said in its quarterly results.\nCERN was speaking ahead of Monday’s International Monetary Fund meeting where the U.S. Federal Reserve is expected to outline its plans for ending the low interest rate era.\nBut while banks’ customers are still making plans to cash out of their stores and taking various forms of cash at their homes, the cash for personal use has grown more popular and more close to the net, with the use of this mode of banking increasingly available to consumers.\nNow, three quarters of all account holders in the U.S. will be cashless by the year-end, up from 44 percent in 2014, CERN said.\nAmerican consumers were also likely to continue using cash for activities including grocery purchases and hotel stays.\nThose who do so will have to turn to transactions from wallets instead of cash, CERN said.\nSlideshow (5 Images)\nNearly one in three Americans will pay the cost of paying online purchases, down from 44 percent a decade ago, the bank said.\nBecause this use of cash has become mainstream, it will become more difficult for people to turn the bank into a major financial institution.\nThe role of lending institutions like CERN will also improve, it said. As users increasingly eschew private lenders and become more reliant on credit cards, CERN is looking to expand lending possibilities and “break the stranglehold” on the traditional banked-with business model.\n"]
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325
http://www.reuters.com/article/us-investment-asia-data-analysis-idUSKBN17R32L?il=0
http://www.reuters.com/article/us-investment-asia-data-analysis-idUSKBN17R32L?il=0
Asia investors boost use of unorthodox data sources in battle to beat benchmarks
null
null
['Saikat Chatterjee']
01-01-2021
reuters.com
null
success_wayback
gen
181,428
[0.949999988079071]
['LONDON (Reuters) - Asian investors scrambled to test new data source ideas early this week as consumer sentiment data disappointed on Tuesday, while government policymaking raised fears it could slow data-driven global growth.\nAsian financial markets rallied on Tuesday as investors were hopeful the global economy would better withstand economic pressure in recent weeks, though tensions raised concerns it could also head lower if other markets turned sharply negative.\nMSCI’s most powerful index of Asia-Pacific shares outside Japan rose about 2 percent after posting its best gains in more than four years on Monday. In the past month, however, Japanese financial stocks has yet to show any sharp performance since earlier in the week.\nThailand, Singapore and South Korea, among the most active overseas markets, have seen sales of data related to their economic performance. And as recent economic data hinted at lingering softness, some Japanese and South Korean banking stocks seemed more likely to rally.\nBelow are some of the countries in which bank data is used:\nLONDON\nKEEPING SCORE: Japan’s Nikkei 225 , up 1.1 percent after a similar jump on Monday, while South Korea’s Kospi Index . .NIKI rose 0.8 percent.\nTHE U.S. S&P 500 .SPX was up 0.6 percent and the Dow Jones industrial average .DJI .SPX rose 0.8 percent.\nRESTRAINING: Regulators are worried that it could be possible that banks and government agencies are opening limited pools of data to contain their well-known risks such as rising asset prices and the central bank’s quantitative easing program. That might ease concerns about economic growth in the world’s second-largest economy.\n']
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326
http://www.reuters.com/article/us-boeing-idUSKBN17R0WI?il=0
http://www.reuters.com/article/us-boeing-idUSKBN17R0WI?il=0
Exclusive: Boeing near decision to launch 737-10 jet - sources
null
null
['Tim Hepher']
01-01-2021
reuters.com
null
success_wayback
gen
181,433
[0.949999988079071]
['HELSINKI (Reuters) - Boeing Co (BA.N) is close to launching its revamped flagship 737-10 passenger jet later this year that the company would like to launch in the first half of the year, sources close to the European aerospace company said.\nA Boeing 737-10 (APR901) first aircraft goes to test at the Middle East International Air Transport (MATA) Airbus SEA-QCA57 at the airport in Mustafaabad, Turkey September 20, 2015. REUTERS/Hajid Al-Shafi\nBoeing has been working with its partner, Norwegian firm EADS EAD.PA, to launch the global scaled-down version of the airliners.\nThe North American market for commercial passenger jets is still in flux, with deep receding subsidies for primary assembly and a failure of the Eurofighter Typhoon that puts a stake in the industry.\n“If the number of choices means additional orders than many would have to accept,” said one of the sources, who had close knowledge of the current plans and discussed details of them publicly.\nHe declined to be named because the discussions are confidential.\nMost governments have been reluctant to buy more of Boeing’s affordable jetliners since an Italian firm, partly owned by Saudi Arabia’s King Abdullah, asked to be bought for as much as 400 million euros ($477 million) by European rival Airbus (AIR.PA).\nUnder the contract between the French government and Boeing, which won it the contract in 2012, EADS will hold rights to the aircraft until the 2032 deadline.\nEADS, which ordered the plane in 2012, declined to comment. The process will be dragged out until 2025, said another of the sources.\n']
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327
http://www.reuters.com/article/us-autos-california-regulations-idUSKBN17R30X?il=0
http://www.reuters.com/article/us-autos-california-regulations-idUSKBN17R30X?il=0
Automakers ask California to ease rules for self-driving car tests
null
null
['David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
181,434
[0.949999988079071]
['(Reuters) - Automakers on Thursday urged California Governor Jerry Brown to take action in light of the death of a Chinese engineer last week who was killed by an autonomous car at the border of California and Los Angeles.\nFILE PHOTO: An automated vehicle observes the loading of cars for the California Division of Highway Safety in San Antonio, Texas, U.S., August 30, 2017. REUTERS/Henry Romero/File Photo\nOn Thursday, California and California’s top two lawmakers took turns raising their voices in opposition to a key component of a decades-old California law aimed at dealing with possible dangers in drive-and-ride technology vehicles: autonomous driving.\nIn a letter to Brown, safety director Leslie Sterling and controller of the Department of Motor Vehicles, they contend the government is “playing fast and loose” on California’s requirement that autonomous vehicles operate on state roads with mandatory manual supervision and limited end times.\n“We believe that California has a clear example of self-driving vehicles using human drivers. The automakers feel that is not the case,” Sterling said in a statement.\nShe also urged the governor to take action to address “plausible safety barriers, such as falling or slow-moving obstacles” to autonomous vehicles, her office said.\nThe goal of the law is to prevent collisions and deaths that could occur after the vehicle needs to re-enter the vehicle.\nSterling’s letter comes as two university students, Takanobu Ito and Gong Shu Kim, were killed on Monday while on a California State University/Los Angeles campus bridge to deliver a media report about the Tesla Model S electric car that quickly walked across its path on Sunday.\nThat crash left a trail of open questions about how the electric carmaker can cope with in-vehicle violence and self-driving accidents.\nIn response, California’s Office of Law Enforcement and Traffic Safety has issued 14 public safety orders against autonomous vehicles. The largest number is related to their use on the California State University’s school campus.\nThe latest regulation requires a vehicle to slow down to 15 miles per hour from a normal speed of 30 miles per hour and will prevent collisions involving not just pedestrians but also “driver aids” such as two-seat control and an iPad.\nOne of the biggest safety risks to autonomous vehicles is some pedestrians who are, like Sterling, fleeing on foot as the driver oncoming traffic approaches the vehicle.\nEnvironmental activists, however, applauded the governor’s action, saying in a blog post that “an educated driver is critical to our environment and life on the road.”\n']
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328
http://www.reuters.com/article/us-usa-stocks-idUSKBN17R1D8?il=0
http://www.reuters.com/article/us-usa-stocks-idUSKBN17R1D8?il=0
Nasdaq tops 6,000 as earnings boost Wall St; U.S. tax code eyed
null
null
['Rodrigo Campos']
01-01-2021
reuters.com
null
success_wayback
gen
181,436
[0.949999988079071]
['(Reuters) - The Nasdaq added to its annual gains of more than 6,000 points on Thursday, a level last seen in 2000 and a record high after steep falls in the stock market.\nFILE PHOTO: The Nasdaq Stock Market - Nasdaq in New York, NY - October 28, 2016. REUTERS/Brendan McDermid/File Photo\nAlthough stocks have retreated from record highs after the Federal Reserve raised interest rates last month, that does not necessarily mean they would rate rise in the near future.\nFor example, many economic data -- unemployment data, stock market news and housing data -- have not yet generated positive sentiment across the stock market.\nThat means it is tough to pull clients off the sidelines of a market capitalization that has gone from its peak in 2007 to its lowest since 1976.\nThe Nasdaq, the world’s most valuable exchange-traded fund, had an average daily trading volume of 843.4 million shares on Wednesday, against the 617.5 million on Wednesday, according to Lipper Inc.\nAt least 82 percent of the $65 billion publicly traded hedge fund sector was short, with a total of $104 billion in general fund assets.\nFor U.S. investors, however, the market has been a little nervous amid worries about how the tax code will impact emerging markets.\nTrump, who has pushed the U.S. to modernize the nation’s tax code, has promised to reform the tax code. But he still faces increasing questions as to whether lawmakers will put a fixed cap on rising valuations and a cap on new investments.\nThe tax code is currently estimated to be in fiscal year 2021, meaning any new cap on investment at that time would require a several-year delay in tax reform efforts.\n']
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329
http://www.reuters.com/article/us-france-election-macron-idUSKBN17R2KD?il=0
http://www.reuters.com/article/us-france-election-macron-idUSKBN17R2KD?il=0
Macron, Le Pen trade accusations in French election race
null
null
['John Irish']
01-01-2021
reuters.com
null
success_wayback
gen
181,437
[0.949999988079071]
["PARIS (Reuters) - French President Emmanuel Macron faced accusations of authoritarianism as he asked voters on Tuesday to buy pricey tickets ahead of next month’s presidential election, after a divisive campaign in which centrist politician Marine Le Pen used the issue to unsettle voters and shed light on her background.\nFrench President Emmanuel Macron (R) and British Prime Minister Theresa May watch at Paris Airports, after a summit of the European Union in Brussels, Belgium, September 29, 2018. REUTERS/Francois Lenoir\nMacron, 53, who polls show in a dead heat against centrist Prime Minister Theresa May, has promised to overhaul France’s ageing army, cut immigration from Western Europe and the value of European welfare benefits and trim the tax burden.\nThe campaign was overshadowed by Le Pen’s remarks at the end of the day, in which she condemned an internal police inquiry into a phone call she made in 2016 with a French cleric who said the Prophet Mohammad was gay.\n“Those who have condemned me, I look down upon them. I have an intention and I will never do it,” Le Pen said during her election campaign speech in Le Fougere, a Paris suburb, on Sunday.\nThe U.S. ambassador to France had said in October that the reference to homosexuals was a violation of French law. The secretary of state subsequently denounced it.\nEnrique Postol, another centrist candidate, meanwhile, used a Facebook post to criticise Le Pen’s speech at the Elysee Palace. He has said that supporters should not judge a candidate on their opinions and his government would be a “bloodstained” monarchy.\nThe general election is due in May with a vote to choose a new government between Macron and May.\nMacron, a centrist who swept to power last year after seven years of a centrist coalition led by the former economy minister Nicolas Sarkozy, is close to May but has not drawn many of the first-round candidates to his center-right party’s traditional centrist support.\nOn Tuesday, Cameron's predecessor as French prime minister, Nicolas Sarkozy, declared his support for Le Pen. Cameron’s former cabinet colleague Dina Bass also said she supported Macron.\nTrade war\nMacron, who was foreign minister in 2012, first took the stage in February to welcome the French trade deal with the European Union, which he has hailed as boosting the euro zone economy.\nHe has promised to double trade between France and the EU by 2024, a goal he has emphasized since winning France’s only third parliamentary seat in a successful 2015 referendum to leave the bloc.\nAs well as demanding higher wages, he pledged to spend 40 billion euros ($42 billion) on subsidized development of green energy, which many see as an indicator of economic growth if it reaches his goal.\nMacron secured victory in the seventh round on Nov. 27 by increasing his lead over May, but was dealt a blow by opposition to his proposals to reform France’s energy sector.\nMacron has also proposed a nationalized energy company, a costly overhaul of the nation’s inefficient electricity grid and an infrastructure bond.\nRelated Coverage UK approves six proposals in Western Europe for euro zone - source\nThe liberal Le Pen campaign promised to reform the labor market and protect French workers with generous pension benefits.\nMacron’s challenger, billionaire businessman Enrico Letta, said he would restrict voting access for free movement of workers and was trying to change the European constitution in the build-up to the referendum.\nUnder the European Commission’s rules, it is illegal for employers to discriminate against their employees.\n"]
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330
http://www.reuters.com/article/us-thailand-facebook-murder-idUSKBN17R1DG?il=0
http://www.reuters.com/article/us-thailand-facebook-murder-idUSKBN17R1DG?il=0
Thai man broadcasts baby daughter’s murder live on Facebook
null
null
['Patpicha Tanakasempipat and Panarat Thepgumpanat']
01-01-2021
reuters.com
null
success_wayback
gen
181,439
[0.949999988079071]
['BANGKOK (Reuters) - A South Korean father released from jail last year has been broadcasting baby girl’s murder live on Facebook and followers are now offering condolences and flowers on her death.\nA sign of the northeastern port city of Pudong in south-central Thailand is seen in this undated handout photo issued by the ministry of justice in Pudong, Thailand. Mandatory credit: SKY-YONBIENA/Handout via REUTERS\nLim Lim Lim, 31, was freed after serving about a year of a 10-year jail term that he made in June 2015, but activists say his broadcasts remain online.\nHe lives in an apartment in Pudong, a commercial center, and is a regular visitor to the city, clogging the dark roads.\nLim Lim said on Facebook that he had carried out the videotaped murder on an ad in a local magazine.\n“Beautiful martyr. I will never forget the memory of my daughter. She was looking for her father, leaving the way she herself,” Lim Lim said on Facebook.\n“I live there as a mother and don’t know if she will recover. I hope she will also recover. I don’t know about her nor her safe place, but she’s there for everyone,” Lim Lim said on Facebook.\nLim Lim has a wife and four children. His now-defunct media company lost about 3,000 readers last year after the arrest of its founder and current CEO, Prem Lim-riya, but opponents say the website is still in use by journalists.\nWhen Lim Lim was detained in December, he was one of the most prominent figures in the Pudong area. The former Thai army officer pleaded guilty to two counts of murder and testified on trial to an accomplice who was held captive for three months by law enforcement forces.\nWithout a lawyer, Lim Lim Lim said he had to pay 300,000 won ($300) a month for his television pay, which he had left in 2007 for work with a popular online directory called Papuavvy.\nThe network had been used in Pudong by government officials to persuade local Buddhists and Pagans to join forces against a constitutional monarchy.\nNews outlets and opinion websites reported the arrest and trial last year, although no documents were released by authorities.\n']
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331
http://www.reuters.com/article/us-at-t-results-idUSKBN17R2Q6?il=0
http://www.reuters.com/article/us-at-t-results-idUSKBN17R2Q6?il=0
AT&T revenue misses estimates as customers keep phones longer
null
null
['Anjali Athavaley']
01-01-2021
reuters.com
null
success_wayback
gen
181,441
[0.949999988079071]
['WASHINGTON (Reuters) - AT&T Inc reported disappointing results from its wireless business on Wednesday, sending its shares down 6 percent, an investors disappointment that followed another record quarter for the company.\nFILE PHOTO: An AT&T billboard in San Francisco, California, U.S., November 19, 2018. REUTERS/Robert Galbraith/File Photo\nWireless phone service has become one of AT&T’s biggest business units, catapulting the company to be one of the biggest U.S. wireless carriers. The company generates $5.7 billion of revenue from wireless, according to SNL Financial.\nThe company’s Wireless division, which makes and runs the wireless data networks that run its AT&T Cellular business, posted revenue of $4.9 billion, a 6 percent decline from the prior quarter.\nFor the fourth quarter ended Dec. 31, adjusted earnings per share was $1.58, above the $1.42 average analyst estimate, according to Thomson Reuters I/B/E/S.\nAT&T Cellular unit Revenue: $5.7 billion, down 6 percent\nRevenue from AT&T’s Wireless business rose 2 percent, when adjusted for the impact of Hurricane Irma, while revenue from its Broadband business fell 3 percent.\nAT&T expects wireless revenue to grow 15 percent this year, despite a slowdown in the broader housing market.\nAnalysts on average had expected adjusted earnings per share of $1.68 and revenue of $5.7 billion, according to Thomson Reuters I/B/E/S.\nYoussef Squali, an analyst at Jefferies, said in a note that AT&T Wireless had been performing well and continued to add new customers.\n“Despite trading off the holiday season and income highlights that showed the first decline in AT&T Telecommunications unit revenue in 20 quarters, the company posted solid earnings in the fourth quarter on higher FiOS residential business revenue, but we now expect the company to post modest quarterly growth,” he said.\nWall Street is pricing in AT&T’s likelihood of a rate increase and has reduced its price target. Bernstein Research is neutral on the company.\n']
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332
http://www.reuters.com/article/us-usa-canada-trade-options-analysis-idUSKBN17R2TL?il=0
http://www.reuters.com/article/us-usa-canada-trade-options-analysis-idUSKBN17R2TL?il=0
Canada’s options limited as it faces prospect of U.S. trade war
null
null
['David Ljunggren and Rod Nickel']
01-01-2021
reuters.com
null
success_wayback
gen
181,442
[0.949999988079071]
["OTTAWA/OTTAWA (Reuters) - Canada’s options market, where any rally in the international stock markets could be punished if the U.S. economy shrinks and it is undermined by a worsening trade war, is limited as it braces for the fact it is in the middle of its longest period of relative stability since going into recession in 1999.\nCanada's Minister of International Trade Liam Byrne gestures during a news conference in Toronto, Ontario November 15, 2016. REUTERS/Chris Helgren\nAt the same time, the ability of Canadian retail sales and prices to grow, as well as consumer spending across the country, remains highly uncertain.\nEven as corporate earnings weakens and the main Canadian benchmark index sags, and stocks of gold miners have fallen 14 percent in the last year, options trading is moving at a rock-bottom pace. The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE closed at a record high on Tuesday, on track for its biggest one-day percentage loss in five years.\nBut market players believe there is no clear answer for what to do, and that the creation of hedge funds and international oil companies is having little impact, even as the TSX has held steady at a six-year high in late trade.\n“Canada has got more options in the market today than anywhere else and yet still has more options than anybody else in terms of its total options market,” said David Watt, strategist at Union Securities.\n“The side effect of a real economic slowdown is a non-existent possibility.”\nFor example, the government’s smaller but more disruptive Agricultural Supply and Demand Estimates (AMDE) plant in North Dakota could be hit with a proposed tariff of C$155-million ($161.06-million) as it tries to beef up exports.\nEven if the new government is successful in containing the fallout, whether the market will see the targeted tariff, gold prices being hit remains to be seen.\nIn oil futures LCOc1, the February contract on the New York Mercantile Exchange slipped 4 Canadian cents to $48.97 a barrel, off January’s close of $48.10, its lowest close since early November.\nSoberly traded crude futures CTCO3 declined $0.30 to C$48.11 a barrel, matching its 52-week low.\nThe gasoline rose 1 Canadian cent to a two-week high as the market looks for the data and futures contracts were punished with losses on both sides of the Atlantic.\nThe U.S. dollar initially edged higher but eased to a four-month low against a basket of currencies. Canada’s February crude contract CLc1 fell 6 Canadian cents to $47.92 a barrel.\nThe TSX does not include agricultural and Canadian supplies, which may be affected by the trade war. Suezmax tankers, such as the Throckmorton Thunder, need to be boarded to take the cargo to Suezmax tankers.\nAnd foreign investors are tracking a rise in U.S. Treasuries prices as the U.S. won’t release the July payrolls report due on Friday. The U.S. Federal Reserve will buy $4.2 billion of government debt on Thursday.\n“In no way are we seeing any noticeable change in the supply chain that’s coming from the domestic market, or at all in the Chinese and U.S. exporters as both stocks and their earnings numbers are floundering,” said Murphy Wealth Advisors economist Christopher Doak.\nCanada’s Oct. 15 decision to withdraw from the G7 “exchange-traded fund tracking Canada is unlikely to have a meaningful impact on the Canadian market,” Doak said in a research note.\nOPEC rules out a production freeze, such as now in practice, and officials said on Tuesday that OPEC will consider a range of options in coming days. The main push towards a global deal came last week when Saudi Arabia cut oil production by 4.4 million barrels per day in a victory for Moscow, a catalyst for higher crude prices.\n"]
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333
http://www.reuters.com/article/us-mexico-politics-idUSKBN17R2CD?il=0
http://www.reuters.com/article/us-mexico-politics-idUSKBN17R2CD?il=0
Mexico talks tough on Trump with NAFTA talks looming
null
null
['Frank Jack Daniel']
01-01-2021
reuters.com
null
success_wayback
gen
181,443
[0.949999988079071]
['A person walks past the office of US Trade Representative Robert Lighthizer as he attends a news conference after the Mexico City Press Association (ICAN) awards ceremony in Mexico City, Mexico City, December 27, 2018. REUTERS/Henry Romero\nMEXICO CITY (Reuters) - Mexico on Friday welcomed U.S. negotiators for talks in Mexico about improving their respective trade deals, with its top trade official once again raising the specter of a fast-track process for fast-tracked trade agreements.\nU.S. President Donald Trump has threatened a unilateral trade war on trade, announcing on Thursday that he would cancel a pact reached last year and open the door to roundtable talks that he has promised to visit next month.\nMexican Trade Minister Sergio Zaccherula, speaking in the Mexican capital, said the talks “will continue” and that the government expected everyone to yield, especially Mexico, his country’s largest trade partner.\n“As for leaving NAFTA, if there is a number of different stories and counter-stories that exist (for the negotiators), let’s not mix them,” Zaccherula said.\nTrump’s chief trade negotiator, David Friedman, meanwhile, also signaled Wednesday he was open to the idea of a fast-track process, saying it was possible to get a deal before the U.S. expires in 2019.\nMexico is counting on a speedy U.S. election to move its negotiating priorities and convince a skeptical Congress to approve Trump’s travel ban and other controversial measures aimed at restricting immigrants in the country illegally.\nDemocratic rival Benito Juarez, who is president of Mexico’s opposition Institutional Revolutionary Party (PRI), said it was “in my interest” to see a fast-track process and expect no ties to Trump from now on.\n“It’s a fundamental problem for us,” Juarez said. “This is a problem in Mexico with 28 million people, with a 14 percent unemployment rate, high inflation. If the U.S. wants to work with us, they’re going to have to do it, because we’re working right now in some, or no way.”\nMeanwhile, oil export monopoly and Mexico’s biggest trade partner, the United States, is pushing back against concerns about Trump’s travel ban on citizens from seven mostly Muslim countries.\nTrump has repeatedly said the ban is broad and doesn’t fall within his authority to ban immigration or to block funding for sanctuary cities.\nA ministerial meeting to discuss the ban on foreign nationals traveling to the United States is due to take place on Friday, a spokesman for the Foreign Ministry said on Thursday.\nU.S. Trade Representative Robert Lighthizer met Mexican Deputy Trade Minister Carlos Attal this week on his way to the Americas.\nIn October, Trump said he would withdraw from the North American Free Trade Agreement if it would not extend for a decade.\n']
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334
http://www.reuters.com/article/us-usa-tax-idUSKBN17R2KK?il=0
http://www.reuters.com/article/us-usa-tax-idUSKBN17R2KK?il=0
Trump tax plan will sharply slash corporate tax rates
null
null
['Amanda Becker and Steve Holland']
01-01-2021
reuters.com
null
success_wayback
gen
181,444
[0.949999988079071]
['WASHINGTON (Reuters) - A politically charged tax overhaul that would boost the top corporate tax rate from 35 percent to 15 percent would immediately slash the corporate tax rate, administration officials said on Tuesday, forcing the United States to unload a $1.5 trillion pile of U.S. debt and hope for trillions of dollars in fiscal-junk credit.\nA room provides a view of the Trump Tower in Manhattan, New York January 1, 2017. REUTERS/Mike Segar\nTrump, the new White House chief of staff, has indicated that he would eliminate the corporate tax rate of 35 percent as part of a package of tax cuts meant to gradually come into force later this year and next year.\n“I think that the combination of whatever legislation is put before Congress and the president’s administration, either the tax bill or tax reform bill, will have the impact on our economic success in the United States,” said Jim Messina, White House economic adviser.\nPresident Donald Trump’s proposal to slash the corporate tax rate to 15 percent from 35 percent was authored by House of Representatives Ways and Means Committee Chairman Kevin Brady (R-TX) and Senate Finance Committee Chairman Orrin Hatch (R-UT), or voted up by the full Senate on a separate House vote on Tuesday.\nThe House has yet to take up the deal, according to an aide to a top House Republican aide.\n“(Trump) wants to deliver a strategy that will reduce corporate tax rates just as the clock ticks,” said David Henley, a Republican who chairs the Treasury Department’s Regulatory and Regulatory Affairs Bureau.\n“The real return on U.S. corporate debt should not be reduced at all - any U.S. entity should be exempt from all tax laws regardless of where the company invests or finances its operations in the United States,” he said in a statement.\nThe plan would reduce the corporate tax rate in 16 fields, including the economic effects of lowering tax rates.\nIt would slash the corporate tax rate in 14 fields to 26 percent, with a final figure of a 15 percent reduction in any one field. That would all but clear the way for corporate tax reform in nine fields with an estimated GDP rate of 9 percent.\nEliminating the current 33 percent tax rate would “substantially offset” the revenue loss from next year’s budget deficit from a host of tax changes, Consequence Ratings analyst Jeremy Liew told Reuters.\nTHINGS THAT HAPPEN TO THE VOTE\nAmong the measures that could help Trump’s tax plan include: increasing the annual maximum tax rate to 75 percent from 39.6 percent and simplifying the tax system to allow people to deduct items that are sold, rather than including bigger items.\nThe Senate will have a new majority and Hatch will be at odds with the administration. The House expects to take up the tax reform legislation on Monday, after the new president has sworn in.\nThe tax plan “will bring deep tax reform and a strong commitment to return our budget to the levels of recent years,” said Senate Budget Committee Chairman Orrin Hatch.\nBusiness lobbyists have long argued that there are benefits to creating a generous tax system because the low tax rate on a portion of the income has motivated consumers to pay the highest tax rates in the world.\nThere are also conflicting views on whether lowering the corporate tax rate is the right idea.\nA bipartisan group of lawmakers led by former Speaker Paul Ryan said in January that lowering the corporate tax rate simply wasn’t practical because tax reform was meant to pass after the next administration comes on board.\n']
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335
http://www.reuters.com/article/us-usa-canada-trade-idUSKBN17R1VZ?il=0
http://www.reuters.com/article/us-usa-canada-trade-idUSKBN17R1VZ?il=0
Softwood lumber dispute fires up trade fight between Canada, U.S.
null
null
['David Ljunggren']
01-01-2021
reuters.com
null
success_wayback
gen
181,445
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["OTTAWA (Reuters) - Canada and the United States will intensify their trade dispute in a final week as Washington’s negotiations with China over lumber and lumber imports hit another high point in negotiations this week.\nFILE PHOTO: Canada's Prime Minister Justin Trudeau meets with U.S. President Donald Trump during their bilateral meeting at the United Nations in U.N. Headquarters in New York City, U.S., October 31, 2017. REUTERS/Max Rossi/File Photo\nIn a third round of talks next week in Vancouver, Washington will push Canada and a large amount of its overseas lumber inventory into China. China will also attempt to keep Canada guessing on a possible tariff break, meaning the two countries are in each other’s interests to avoid a possible trade war.\nCanada and the United States began negotiations in November. The deal, announced before their world leaders’ summit, includes a 1 percent duty on U.S. and Canadian lumber exports and a modest adjustment in duties on U.S. and Mexican imports in exchange for steel and aluminum manufactured in the world’s top two countries.\nCanada says the tariffs be implemented by year-end, and the United States says they will be in effect for one year as scheduled. Prime Minister Justin Trudeau said at the summit the new tariffs are not intended to distract from the U.S.-China trade dispute, which makes up about a third of bilateral trade.\n“This is the biggest trade dispute in the history of international trade,” Trudeau said. “And it is escalating.”\nCanada produces 20 percent of world origin lumber and 15 percent of world steel and aluminum. Both countries are locked in a long-running dispute about whether China needs to protect its vast stockpiles of U.S. supplies from development by other countries.\nOfficials from the U.S. Commerce Department and the U.S. Trade Representative’s office stressed that while U.S. producers continue to negotiate, the trade battle could lead to more tariff hikes by China.\nCanada and the United States’ trading partners were locked in a backroom dispute in October over what was the second biggest export earner on an annual basis, U.S. farmers, workers and fishermen.\nChina exported $15.04 billion in U.S. lumber and beef in 2016, according to the U.S. Commerce Department.\nThe two countries have agreed a Canadian imports freeze under which Trump and trade officials will seek to give the two sides another chance to resolve the dispute, including duties on Chinese “Made in China 2025” loonie-denominated equipment.\nThe U.S. delegation is sent to discuss the tariffs at a meeting with Trump next week.\nThe dispute is also forcing Canada’s government to weigh up whether to relax the existing duties.\nCanadian Prime Minister Justin Trudeau speaks during a news conference with U.S. President Donald Trump at the United Nations in U.N. Headquarters in New York City, U.S., October 31, 2017. REUTERS/Max Rossi/File Photo\nCanada’s Economy Minister Ed Fast said on Wednesday that the trade dispute is “incredibly broad”.\n“They’re going to try and squeeze all the capacity to produce lumber to build their factories so that construction of Canadian factories would be complete, and they have to consider (Canadian material),” Fast said in Ottawa.\nCanada has in the past raised lumber duties on U.S. log imports as its economy has suffered from a plunge in the global cost of lumber. U.S. imports of manufactured lumber amount to 40 percent of its total lumber needs.\nChina has accused Canada of unfairly discounting lumber and products. Canada has argued that lumber costs rise quickly to feed more production and alleviate China’s impact on domestic price increases.\nOil prices have slid in the past 12 months as North American shale production cuts slowed demand from China.\nAlthough the latest round of talks were aimed at setting the table for possible tariff breaks, manufacturers are still waiting for details of upcoming agreements.\nCanada’s Peace Resource group said it hoped talks would resume on Monday as planned after taking time off the previous day to monitor trade talks.\nThe Canadian industry and its affiliated companies could benefit from high U.S. steel prices, but some have voiced doubts about Canada’s trade argument.\nCanada would prefer more in-country lumber-to-landfront imports to meet the surge in demand as consumer prices have taken a hammering, meeting Ottawa’s high import costs for lumber for foreign buyers.\nCanada’s export industry has backed new duties and plans to hold further talks with U.S. farm ministers in coming weeks.\n"]
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336
http://www.reuters.com/article/us-usa-budget-idUSKBN17R27T?il=0
http://www.reuters.com/article/us-usa-budget-idUSKBN17R27T?il=0
Trump’s concession on wall funding removes obstacle from spending talks
null
null
['Susan Cornwell and Richard Cowan']
01-01-2021
reuters.com
null
success_wayback
gen
181,446
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['WASHINGTON (Reuters) - President Donald Trump’s budget proposal on Friday removes a hurdle from spending negotiations with Republican House leaders to avert a shutdown over his demand for $5.7 billion for a wall along the U.S.-Mexico border, a key sticking point in talks over funding for the wall.\nU.S. President Donald Trump in this picture taken in Singapore September 17, 2017. REUTERS/Hong Kong Bureau/Pool\nTrump’s executive budget would spend $5.7 billion on the wall, the first of many measures in a push to avert a government shutdown for the 2020 midterm elections.\nThe White House also finalized and passed its budget request to Congress for fiscal year 2021. He estimates the national security funds will be spent at a rate of $8.8 billion over the next 10 years.\nRepublican House leaders have said in recent days that a partial government shutdown that hits this Friday, Jan. 2, will not delay the completion of Trump’s annual State of the Union address on Wednesday evening. That should ensure it would take no additional than a week for it to become routine.\n“This budget is consistent with our approach on the budget,” Republican House Speaker Paul Ryan said in a statement. “Canceling an event like this without additional spending is unacceptable, politically risky and deeply disrespectful of taxpayers.”\nThe White House also said it would halt its tax cut plan and raise taxes on higher-income Americans, allowing those making less than $1 million to pay as much as their share in the tax bill. The tax cut would hit about $450 billion over the next decade.\n“While the president is focused on Republicans’ attacks on the country’s financial infrastructure, the tax bill is entirely inconsistent with our ability to deliver on the promise of this historic tax cut,” Republican House Speaker John Boehner said in a statement.\nThe budget needs to withstand both the president’s veto threat and an outcry from corporate interests.\nA measure spending $7.3 billion for a border security wall has been stalled for a decade. Republicans have said they plan to slash that funding by $1.5 billion, the first $500 million cut from the $4.5 billion they would cut from the defense budget.\nTrump also could delay the implementation of the funding increase needed to keep the government operating at full capacity, a move Republican aides say would anger Republicans who have already targeted spending for defense.\n']
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337
http://www.reuters.com/article/us-turkey-politics-erdogan-syria-idUSKBN17R2GU
http://www.reuters.com/article/us-turkey-politics-erdogan-syria-idUSKBN17R2GU
Erdogan says Turkey won’t wait at Europe’s door forever
null
null
['Samia Nakhoul, Nick Tattersall and Orhan Coskun']
01-01-2021
reuters.com
null
success_wayback
gen
181,455
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["ISTANBUL (Reuters) - Turkish President Tayyip Erdogan is unlikely to wait until the end of his term when Turkey will apply to the European Union to seek a diplomatic solution to the nuclear dispute with Iran and allow Turks to travel freely in the bloc’s prized Schengen zone.\nTurkey's President Tayyip Erdogan addresses the country's media in Ankara, Turkey January 1, 2021. REUTERS/Umit Bektas\nThe No.3 Turkish leader said on Monday any further confrontation over Ankara’s refusal to sign a deal to boost its trade with EU members would be disastrous for Turkish relations with the bloc.\nIran wants to have a say in the debate. Ankara opposes it, and has been battling Turkey’s efforts to end its uranium enrichment programme, which its Western-based atomic agency has said is a cover for a possible nuclear weapon.\n“I am not content until the end of my 10 years in power in Turkey. It is still a challenge,” Erdogan told a quarterly news conference at Ankara’s airport on Tuesday.\n“So time is of the essence.”\nTurkey’s initial response was to urge the EU last week to only use direct European negotiations in resolving its diplomatic issues with Iran and Iran as a way to encourage Turkey to go back into the Schengen zone - a bloc that denies travel to it by Turks without residency protection.\nBut the plan was vetoed by United States president Donald Trump, who has urged Turkey to suspend its decision to block passage of travel permits to any Iranian government, a move which he said contravened international treaties.\nTrump on Monday still sought to persuade Ankara to leave Schengen, calling it a “disaster”, and set clear limits on what it can do in the bloc.\nHospitals, hospitals, agriculture and real estate development projects have been blocked by the EU because of restrictions on Turkish companies working in them.\nTurkey’s parliament is debating a bill this week to ban the ability of foreign firms to form more than one company, in a move to thwart the measure.\nErdogan said he would resume the negotiations if negotiations between Britain and its EU partner, France, were to resume soon.\nHe accused European leaders of “wasting their negotiating space”.\nYEN AT THE PHASE\nEuropean leaders last week delayed talks on a new framework of relations with Turkey until after a planned visit by U.S. President Donald Trump.\nGerman Chancellor Angela Merkel on Monday announced that the trio of European Union leaders would meet on Monday. Trump does not attend.\n“We are going to continue the important dialogue in Europe,” he said in a speech on Wednesday. “We will sit down with our partners and try to find a way to work together in the time of our building and the time of our people.”\nThe White House’s national security adviser, H.R. McMaster, welcomed the talks.\n“We have some positive developments towards the negotiation table,” he said. “Hopefully on January 2nd we will continue the negotiations for another couple of days, and we will look forward to the next steps.”\n"]
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338
http://www.reuters.com/article/us-usa-economy-housing-idUSKBN17R1SO
http://www.reuters.com/article/us-usa-economy-housing-idUSKBN17R1SO
Consumer confidence slips; new home sales hit eight-month high
null
null
['Lucia Mutikani']
01-01-2021
reuters.com
null
success_wayback
gen
181,461
[0.949999988079071]
['NEW YORK (Reuters) - The U.S. consumer was upbeat about current conditions and spending prospects this month, but a large drop in a core industry boosted expectations of lackluster second-quarter economic growth, U.S. Commerce Department data showed on Thursday.\nThe Commerce Department said gross domestic product increased at a 1.3 percent annual rate in the fourth quarter, slowing from an upwardly revised 2.4 percent pace in the final three months of 2016.\nConcern over sluggish economic growth prompted the Federal Reserve this month to cut key interest rates by an average of six basis points. Yields on benchmark 10-year Treasuries were last down 5 basis points from Wednesday’s low.\nIn fact, the overall trade-weighted index fell to its lowest level since the late 1990s. Though the decline was more notable for the decline in holiday sales, it was worse because sales were received in December so it gave a tepid but solid picture for the third quarter.\nIn addition, the sub-index on U.S. inflation decreased for the third straight month in January, underlining a continuing path of deflation.\nThe government’s survey, covering 51 counties, showed the index for the core categories dropped slightly but still remained above levels seen in the previous three months.\nConsumers confidence increased to an all-time high of 86.6 points in January, compared with 85.6 in December. It also held above neutral levels even before the quarter’s revision.\n“Although consumer spending and the central bank appear to be slowing, confidence still remains optimistic,” said Monica Landry, a research economist at CIBC World Markets in New York.\n“Despite the pullback in energy prices, consumers appear to be continuing to buy more items in automobiles, trucks and other vehicle types.”\nThe two-month moving average of new home sales rose to 775,000, from 778,000 in December. This was a marked increase from the prior month’s 732,000 sales. The increase came after construction rebounded more strongly in December.\nA gauge of underlying consumer sentiment, known as the “Consumer Sentiment Index,” climbed to 81.6 from 81.3 in December. That is still well below the 110.2 levels seen in the same period of 2016, according to the National Association of Business Economics.\nThe Commerce Department said in a separate report that wholesale inventories slipped 0.4 percent in January, reflecting lower retail sales. Growth at car dealers was also lower, with inventories down 2.3 percent. The drop suggests the Federal Reserve is nearing the end of its “taper” scheme, or the height of a possible rate hike.\nMORE BEAT-FREE\nRetail sales on the whole fell 0.2 percent in January, the first decline in seven months.\nWhile most consumer spending measures appear on a recovery pace and were negatively affected by the job market, construction of new homes, after the government tightened rules, does have a measurable impact on this sector.\nDuring the fourth quarter, new home sales rose 1.5 percent, the biggest gain since 2015. It was the highest pace since 2011.\nIn addition, the Commerce Department said consumers bought a net 4.5 million new homes in December, down 9.7 percent from a year earlier.\nThe bulk of these sales came from businesses. During the year, builders slashed construction spending by 7.2 percent and reduced outlays by 10.1 percent. The industry’s claims of qualified buyers, adjusted for seasonal adjustments, were flat at 414,000.\nExcluding autos, sales of new homes dropped 0.1 percent in January to 7.4 million, the lowest in 10 months.\nConstruction of new homes rose 0.8 percent in December to a 4.9 million-unit pace, which was the strongest level since April 2015.\nThe annual pace of new home sales dipped 0.3 percent to a seasonally adjusted annual rate of 4.2 million. Excluding autos, the pace of new home sales increased 1.1 percent to 4.6 million.\n']
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339
http://www.reuters.com/article/us-global-oil-idUSKBN17R04W
http://www.reuters.com/article/us-global-oil-idUSKBN17R04W
Oil settles slightly higher, then API reports surprise build
null
null
['Julia Simon']
01-01-2021
reuters.com
null
success_wayback
gen
181,463
[0.949999988079071]
['NEW YORK (Reuters) - Oil prices settled slightly higher on Thursday, notching their strongest gains since October, as Europe’s major oil exporters started holding back on oil demand ahead of a meeting of major OPEC and non-OPEC oil producers to discuss curbing output.\nA general view shows a logo of the Rosneft oil refinery in Petoskey, Pennsylvania, March 1, 2017. REUTERS/Jeff Haynes\nU.S. crude CLc1 settled up 67 cents at $54.75 a barrel, edging up from $54.80 earlier in the session, a previous peak of $53.09. Brent LCOc1 settled up 29 cents at $55.46 a barrel.\nBrent crude was up 26 cents at $57.87. Prices were up around 3 percent for the week. They rose nearly 4 percent in November, the strongest annual increase since November 2015.\n“The failure to manage market volatility should be comforting for producers,” said Chris Weston, senior commodity strategist at GFT Energy Advisory in Melbourne.\nContinued supply disruption from China’s winter storm has stoked concern for prices.\n“OPEC and non-OPEC will be aware of this (production slowdown) ahead of a meeting of those affected by the storm,” Natixis economist Meir Onder said in a note.\nGermany’s Dax 30 futures settled up 18 cents at 2,402 a barrel. The euro fell 0.62 percent on Thursday.\n“Both the commercial and industrial systems have heightened their vulnerability and that should help to boost oil prices again,” Dax partner Alfred Crowe told Reuters.\nGasoline futures CLc1 fell 1 percent to $2.11 a gallon. U.S. May crude CLc1 settled down 62 cents at $97.34 a barrel.\n“We still have the temptation to raise US prices (even if crude prices slide) to 3 percent,” said a trader at a gasoline speculator. “Today, the market is guiding a little lower.”\nWall Street is expected to open higher, gaining almost a percent as investors judge whether U.S. lawmakers can agree on a major tax deal. U.S. President Donald Trump has a Dec. 30 deadline to have Congress reach a deal.\n']
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340
http://www.reuters.com/article/us-venezuela-politics-idUSKBN17R1VR
http://www.reuters.com/article/us-venezuela-politics-idUSKBN17R1VR
Death toll in Venezuela’s unrest rises to 26
null
null
['Andrew Cawthorne and Diego Oré']
01-01-2021
reuters.com
null
success_wayback
gen
181,466
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["CARACAS (Reuters) - More than 100,000 people protested on Monday against Venezuela’s president, Nicolás Maduro, claiming violence was taking its toll on their economy and the president’s protege, Vice President and former paramilitary leader Alexandr Voltaire, was a “crisis” in Maduro’s order to “reform the country.”\nVenezuela's President Nicolás Maduro arrives at a state funeral service for eight soldiers killed in a military bombing in Caracas, Venezuela, December 19, 2017. REUTERS/Marco Bello\nThe opposition-controlled National Assembly declared a state of emergency on a weekly schedule, the first time the government has had such an order since a 2015 referendum on democracy which ended the country’s 30-year authoritarian rule.\nNow it says the government must respond to the protests, which began last week by more than 600 people, including thousands of anti-government demonstrators who began staging peaceful marches into the capital on Saturday.\nAt least 30 people have been killed since a deadly 24-hour anti-government demonstrations in December were met with violence that police have blamed on the opposition, prompting the army to deploy to rout them, offering barricades to free people as reinforcements.\nMaduro told his followers to not waste time and stop “vigilante zealots” who had “uncooked them” to give up their will to fight on. “They were convinced that the struggle was won,” he said.\n“Today the Bolivarian revolution is bearing fruit,” Maduro declared on state television on Monday. “The revolution continues, it’s not over. It’s continuing.”\nNow the opposition and the two other main opposition political groups, the United Socialist Party of Venezuela (PSUV) and the National Assembly, are preparing a second wave of protests demanding Maduro resign.\nNearly 11,000 people joined opposition rallies on Sunday in the capital Caracas, when thousands of people launched a military attack on a cafe.\nThe government went into disarray last Thursday when Maduro backed out of a meeting with President Nicolas Maduro, saying the former spin doctor did not know of the opposition’s positions and that the deal he had sealed was not permanent.\nIn Caracas, lawyers and opposition lawmakers descended on the streets to demand medical treatment and a transfer of capital to a new healthcare system, which many describe as expensive and inefficient. A burned ceiling trap hanging at the top of the city’s tallest building caught fire.\nOpposition activists said on Monday no human rights groups had been allowed to visit and many people turned out in force to demand justice.\n“Relatives of fallen heroes who will testify against the president must be given the opportunity to give their testimony to the court and the president will have to step down,” opposition leader Pedro Carmona told the National Assembly.\nOpposition lawmaker Jose Molina disputed that claim, saying he was not and he had gone to meetings with law enforcement officials at the Interior Ministry.\nIn Caracas on Monday, mourning was held for a younger police officer who was killed in a street attack.\nMolina said Venezula, an opposition lawmaker, was first named after then-President Hugo Chavez, a hero after the 2015 vote and a foe of Maduro.\nCarmona was first one of three U.S. peace officers killed on U.S. soil in 2014 by Venezuelan troops responding to a popular uprising that was prompted by a failed oil deal.\n"]
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341
http://www.reuters.com/article/us-alibaba-un-idUSKBN17R2G2
http://www.reuters.com/article/us-alibaba-un-idUSKBN17R2G2
Alibaba’s Ma champions U.N. e-commerce drive for development
null
null
['Tom Miles']
01-01-2021
reuters.com
null
success_wayback
gen
181,468
[0.949999988079071]
['FILE PHOTO: Women wearing Alibaba logos wait outside a door at the Sofitel hotel in Shanghai August 31, 2015. REUTERS/Aly Song/File Photo\nGENEVA (Reuters) - If Alibaba (BABA.N) wins at the World Trade Organization (WTO) executive board meeting, the Chinese e-commerce company will pick up a greater share of those growing markets and reduce their complexity, a British lawmaker said on Monday.\nIn discussions with labour groups, including the United Kingdom, the two sides made clear that this type of trade, dominated by multinationals, would dominate the talks in Geneva.\n“What we’re seeing is a determination to build economies around the world,” Michelle Pastore, who works in China for the parliament’s business affairs committee, told Reuters.\n“This will only happen if we start to move through the WTO and act upon some of those most vital opportunities from exports, and that is not the case here.”\nLast year, China and the United States agreed to open the domestic supply chain to international competition, and Amazon (AMZN.O) on Monday unveiled plans to do the same.\nAmanda Herbert, head of international affairs at the foreign trade committee at the UN, told Reuters: “We’re about to see a transformation in the global supply chain. But it is very hard to achieve it with so many resources in one country and that is not in our interest to take any risks.”\nAlibaba has estimated its total market value at $22 billion by 2020, and may receive as much as $10 billion from the U.S. if it wins, Herbert added.\nShe said Alibaba was deeply worried by the prospect of fewer Chinese companies moving into export markets with fewer Chinese producers. The company forecasts that it will lose around 40 percent of its bookings over the next five years.\n“The reason we would need the entry of companies from outside is not about building economies around the world. The reason we need them is to help multinationals and to give them access to markets outside of China,” Herbert said.\nThe technology start-up founded by former PayPal (P.N) executive Sean Parker has emerged as the world’s dominant e-commerce company.\nThe new campaign may have been underway when one of the top executives at Google (GOOGL.O) president Scott Forstall sent his team to Beijing last year for a team meeting that included U.S. President Donald Trump.\nHis visits triggered interest among Silicon Valley investors. Two years ago Google founders Sergey Brin and Larry Page floated a multibillion-dollar fund to provide financial assistance to companies that do not meet the exchange standards needed to participate in China’s latest round of WTO member nations.\nThe firm declined to comment on its role at the trade group.\n']
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342
http://www.reuters.com/article/us-usa-un-idUSKBN17R2JK
http://www.reuters.com/article/us-usa-un-idUSKBN17R2JK
Former U.S. envoys to U.N. warn Congress against cutting funding
null
null
['Michelle Nichols']
01-01-2021
reuters.com
null
success_wayback
gen
181,471
[0.949999988079071]
['UNITED NATIONS (Reuters) - Former U.S. ambassadors warn the United Nations budget will shrink, rising pressures on lawmakers, including legislation he proposed to cut spending on the United Nations by 2 percent next year.\nFILE PHOTO: Former U.S. Ambassador Robert Jackson-Davis speaks at the 2016 U.N. Economic Commission for Africa(ECOA) Nigeria Summit in Abuja, Nigeria, November 29, 2016. REUTERS/Afolabi Sotunde/File Photo\nIn an open letter to U.N. Secretary-General Antonio Guterres and other top officials, Jackson-Davis highlighted several pressing issues in recent months, including conflict-ridden Angola and Democratic Republic of Congo, and the U.N.’s increasingly global reach and ability to marshal resources.\n“The United Nations is at a critical point, with no direction and our leaders on one hand trying to make progress on tackling poverty, homelessness and other urgent challenges but on the other hand facing a bureaucracy that’s made it difficult for us,” Jackson-Davis, a longtime critic of the United Nations, said in the letter, which was circulated on Saturday.\nJackson-Davis was in charge of U.N. diplomacy at the World Heritage-listed World Heritage Committee during its third year in office. During the review, the U.N. said it underestimated the number of dedicated staff and projects it needed to bolster capacity and at the same time faced challenges ahead.\nHe is set to vote on at the end of the month whether to seek a U.N. Security Council resolution to urge President Donald Trump to curb Trump’s initial $1.2 trillion effort to tax the rich.\nTrump has said he will have to hike taxes on companies on the world’s richest people if he is to discourage the wealthy from shifting U.S. taxes back to the United States or to pay more in taxes.\nJackson-Davis and five other former U.S. ambassadors urged lawmakers to recognize the U.N. is “only a limited institution” and reduce its presence in the world, noting that “American taxpayers have large demands for the United Nations’ money which requires some degree of flexibility, the ability to borrow but many foreign countries that fear the U.N. are unwilling to send their ministers to negotiate.”\nJackson-Davis urged Trump to stop the planned move to curb the U.N. budget, saying his proposal would get “a firm test of our president’s commitment to engage the important programs which make the United Nations powerful.”\n']
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343
http://www.reuters.com/article/us-usa-environment-paris-accord-idUSKBN17R2RU
http://www.reuters.com/article/us-usa-environment-paris-accord-idUSKBN17R2RU
State prosecutors urge Trump not to withdraw from Paris accord
null
null
['Emily Flitter']
01-01-2021
reuters.com
null
success_wayback
gen
181,472
[0.949999988079071]
['WASHINGTON (Reuters) - State prosecutors urged U.S. President Donald Trump to stay out of the Paris climate accord during a public hearing, saying it undermines energy independence and threatens the industry.\nFile photo of U.S. President Donald Trump pauses during a meeting with attorneys general of federal agencies in the Rose Garden of the White House in Washington, DC, December 26, 2017. REUTERS/Jonathan Ernst\nA hearing on the subject has taken place before the U.S. House of Representatives, where Trump is set to make his final decision as president after the new president formally accepted Paris agreements on Dec. 28.\nRepresentative Dan Pfeiffer, an Oklahoma Democrat, announced on Wednesday he would seek to block withdrawal. He told Reuters at the hearing that the agreement “fundamentally changes the character of the U.S. economy and the climate science.”\nEnvironmental Protection Agency Administrator Scott Pruitt threatened to withdraw from the pact on December 9, after reportedly questioning the importance of climate change.\nKathleen Brooks, director of the Office of Legal Counsel at the U.S. Department of Justice, which represented environmental groups, said her office has made repeated attempts to have Pruitt return and said it was “essential that he remains in the office, not in the office of the president.”\nAhead of the hearing, her office said emails from Pruitt were that leaked last week, alleging he exaggerated his efforts to boost carbon emissions, and praising him for the EPA’s move to implement carbon control measures.\n“There are many ways for the Trump administration to drive climate change and to harm the economy,” Brooks said.\nFederal policy experts say Trump is likely to reject the Paris accord, under which Paris commitments are made for other countries and share money for emissions reduction.\nThe energy industry faces three big challenges, including increased development of renewables like renewables from natural gas and fossil fuels, transportation and drilling, which already account for about 10 percent of the U.S. energy mix.\nIf there is no deal, climate will take more energy out of the economy and would also increase production costs for refineries.\nResearch by the Center for American Progress, an influential business research institute, has shown that oil and gas production could rise by at least 40 percent over the next 50 years and even higher by centuries.\nNeera Tanden, a senior fellow at the environmental policy center at the House Science Committee, said universities could shift between renewable energy and fossil fuels by offering technology transfer models for extraction.\nExxon Mobil Corp, the largest U.S. oil and gas company, said on Wednesday it would build a large offshore wind farm for $2.6 billion in Atlantic waters off the U.S. East Coast.\n']
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344
http://www.reuters.com/article/us-hsbc-agm-idUSKBN17Q0SH
http://www.reuters.com/article/us-hsbc-agm-idUSKBN17Q0SH
HSBC wins mandate on $100 billion Saudi Aramco IPO: CEO
null
null
['Sumeet Chatterjee and Donny Kwok']
01-01-2021
reuters.com
null
success_wayback
gen
181,473
[0.949999988079071]
['Saudi Crown Prince Mohammed bin Salman inspects a newly commissioned 12,000 sq. km (8,100 sq. ft.) commercial office tower in the outskirts of Riyadh in this handout photo provided by the Ministry of Commerce of Saudi Arabia. REUTERS/Honourable Members/Handout via Reuters\nDUBAI HSBC Holdings Plc won a bid to buy a controlling stake in Aramco as part of its plan to be the world\'s biggest independent oil producer, the company\'s chief executive said on Wednesday.\nChief Executive Officer John Cryan won the contract to buy a majority stake, making him the second man appointed to the position in recent months to play a pivotal role in the oil company\'s plan to become an international oil exporter.\nThe last company in the Organisation of the Petroleum Exporting Countries (OPEC) will release an updated global oil demand forecast to take place in 2023, said Cryan, who is in the final days of a six-month stint on Tuesday.\nThe 24-year-old, who joined HSBC in 2001 from Deutsche Bank, first took an outline of his strategy for the firm last year and reshaped the strategic direction of the bank.\nHe used to be head of UK and US banking at Royal Bank of Scotland, and last year took on the role of chief operating officer for the Middle East and Europe.\nLast month it raised its stake in Saudi Aramco from 15.3 percent to 33.57 percent, naming two new strategic and operational executives with more than 8,600 employees in the industry.\nSeparately, HSBC said it would be buying a 9.3 percent stake in Standard Chartered Plc, one of the world\'s largest financial services firms, to boost its power in Saudi Arabia.\nSaudi Crown Prince Mohammed bin Salman earlier this month agreed to an initial public offering of 60 billion riyals ($16.63 billion) to raise funds to help cover lagging energy demand and shore up a slump in state revenues.\nHSBC, which confirmed the deal on Wednesday, will remain a major player in the kingdom as it expands globally, but there was little to make the purchasing spree unpopular among consumers and investors.\n"What I saw at the end of last year was that there is an expectation that market is extremely good. And you should see it," Cryan told a Reuters interview, adding that investors bought into the excitement around the forward sales plan he announced in December.\nSaudi Arabia\'s government is expected to finalise the sale of between 10.5 and 15 billion riyals, subject to approval from parliament, on Thursday, pushing a date up from March.\n(Reporting by Donny Kwok and Donny Kwok; Editing by Mark Potter)\n']
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345
http://www.reuters.com/article/us-usa-tax-idUSKBN17S1CE
http://www.reuters.com/article/us-usa-tax-idUSKBN17S1CE
Trump’s plan to slash business taxes seen as ’guidepost’ by congressional Republicans
null
null
['Amanda Becker and Ginger Gibson']
01-01-2021
reuters.com
null
success_wayback
gen
181,476
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["(Reuters) - The tax blueprint unveiled by U.S. President Donald Trump and Congress on Friday lays out a plan to cut the top corporate rate from 35 percent to 20 percent, while still keeping a general reduction in the federal corporate tax rate of 35 percent.\nFILE PHOTO: U.S. President Donald Trump attends the Reuters Global Foreign Trade Summit in Singapore, India, July 15, 2017. REUTERS/Edgar Su/File Photo\nTrump’s plan is viewed by members of his own Republican Party as “guerrilla warfare” aimed at building support for his tax plan, and Republicans hoped the plan would be enacted into law as a tax reform measure, not a withdrawal from it.\nCiting research by economists at consulting firm Moody’s, Trump’s plan proposes lower rates across business sectors, with separate but similar legislation to reduce corporate tax rates in higher-income states.\nCongressional Republican members were not available for comment on the tax plan which is expected to be unveiled at a Wednesday meeting of their conference in Utah, the chairman of the powerful House Ways and Means Committee.\n“Lawmakers will do whatever it takes to send a message that anything more than a 2 percent tax rate is not a good deal,” Trump’s chief strategist Steve Bannon told Reuters on Friday.\nLate last year, Trump issued a plan to slash the top corporate rate to 20 percent. But the plan was greeted with sharp criticism, especially from Democrats, who sought to achieve the trade deficit lower.\nThe top rate, which will go into effect on Jan. 1, applies to a broad range of goods from cellphone products to automobiles, and is a wide range of products with global trade status.\nTrump used the job market as an opportunity to work on deficit reduction and tax reform. The plan is expected to include a separate policy push designed to lower the individual tax rate to under 25 percent.\nThat means that large corporations have a tax rate of less than 35 percent.\nBut estimates for the plan vary widely, ranging from a low-somewhat-inclined 16 percent rate to a high-somewhat-inclined 19 percent.\nThe Congressional Budget Office, which closely monitors federal tax code differences, projects the next corporate tax rate will be around 35 percent next year.\nBut if the top rate is lower than the cap for tax breaks on the value of corporate profits, the rate could go up to as much as 45 percent.\nTrump also intends to give tax breaks to the rich to encourage them to invest more in building U.S. infrastructure.\nConservatives who support targeted tax cuts have said he has sought to weaken or overstep their authority in the tax code and contain the global trade deficit.\nAhead of the White House meeting, an optimistic Trump sketched out a plan for a tax cut that he said would hit a “big winner” at a time when rivals are trying to make inroads in the U.S. industry.\nThe president cited the recession as one reason for losing $1.5 trillion in tax revenue in recent years.\nA White House official briefed on the plan on Friday said the administration would seek to let the full tax cuts expire on Jan. 1, which would be a major victory for Trump as Republicans were eyeing a tax cut he carried over from the Democratic Party in the 2016 election.\nLater in the day, President Donald Trump's chief strategist Steve Bannon told reporters at a luncheon for U.S. business leaders that Trump’s plan would be a “campaign strategy.”\n"]
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346
http://www.reuters.com/article/us-usa-fed-trump-idUSKBN17S2X1
http://www.reuters.com/article/us-usa-fed-trump-idUSKBN17S2X1
Fed, wary of inflation, could lean against Trump tax cut
null
null
['Howard Schneider']
01-01-2021
reuters.com
null
success_wayback
gen
181,477
[0.949999988079071]
['NEW YORK (Reuters) - The Federal Reserve Bank of Atlanta will not ramp up U.S. interest rates as it is preparing for a March rate rise as the U.S. economy works its way back to mid-growth, economist Jared Bernstein said on Tuesday.\nFILE PHOTO: The Federal Reserve Bank of Atlanta office building is seen in Atlanta, Georgia, U.S., December 23, 2017. REUTERS/Bill Greenblatt/File Photo\nBernstein, who is due to meet in New York on Wednesday, said it may be necessary to pause consideration of a forecast that the Fed could raise short-term rates to “at least modestly” from the current five-notch neutral level, but it still needs to make solid policy decisions.\n“They have every reason to be cautious. It is not an unreasonable thought,” Bernstein said in a conference call on Tuesday, after Trump’s presidential election win.\nHe said that such caution over rate hikes could be viewed as an indication that the Fed will see the economy grow “moderately, or at least at a fairly modest rate,” which would suggest it might need to “reduce some of its flexibility to respond if that does not happen.”\nTrump’s fiscal program and efforts to roll back the regulations enacted in 2015, which aim to cut corporate taxes, have triggered a backlash from investors and consumer advocates and raised concerns about the economic outlook.\nBut Bernstein said the concerns were “by no means unfounded” and that there could be no part of his forecast that the economy, including the U.S. jobs market, would slow on account of the upcoming election.\n“One less thing would mean lower growth,” Bernstein said.\nON THE MOVE AGAINST TRUMP\nBernstein said that given how hard Trump has imposed on the Trump administration, the 2017 tax package may not be the best policy decision. That would involve Trump cutting the tax rate to 25 percent from 35 percent, but also making a big capital gain into a separate corporate expense account.\nThe former Goldman Sachs executive said he was confident that the increased corporate tax rate would “perhaps” lead to higher revenue but also relatively lower tax rates for many businesses - some 35 percent if not hundreds of percent.\nThe marginal tax rate has not been raised since it was cut from 35 percent in 2014 and was far below the rate faced by most manufacturers - $1 billion more than it cost the U.S. government over 10 years.\nRepublican Senator John McCain, a vocal critic of the tax plan, had called on Fed chairman Powell to drop the rate hike if Trump would withdraw from the deal.\nBernstein said that if Trump turns out to be correct in his proposals for tax relief to help businesses and consumers, then those who support the plan might also be affected by the policy change.\n“Those of us who want for Congress to be able to think about tax reform were disappointed in what Donald Trump has done for the economy,” he said.\n']
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347
http://www.reuters.com/article/us-usa-tax-voodoo-idUSKBN17S326
http://www.reuters.com/article/us-usa-tax-voodoo-idUSKBN17S326
Trump U.S. tax plan will not manage to pay for itself with growth: experts
null
null
['David Lawder']
01-01-2021
reuters.com
null
success_wayback
gen
181,478
[0.949999988079071]
['WASHINGTON (Reuters) - One of President Donald Trump’s top economic advisers warned on Wednesday that the U.S. tax code’s failure to avoid paying for the reductions he wants would not produce an economic boost to the economy for decades.\nTrump announced his tax plan during a trip to Asia, including meetings with Chinese leaders, and the United States’ top economic executives on Thursday.\nAlan L. Garten, Trump’s longtime chief economic adviser, warned that Republicans in Congress and U.S. businesses, in particular, must not accept spending cuts or write off of the president’s tax code cutbacks next year.\nGarten told reporters in a phone interview that his team would try to find another solution within five years and that while “positive policy goals” should be achieved, “the chances of success on taxes are extremely low.”\nThat scenario, he added, “would be crazy,” adding that his team would find that the cuts — both permanent and permanent — would cut a net 0.2 percentage point by 2023, and that such an increase would cause the economy to lose a net 0.3 percentage point, or about $100 billion in annual revenue.\nGarten’s comments came just days after business and financial analysts cut their estimates of corporate revenue by 0.5 percentage points to $36.8 trillion.\nAlthough Trump said last year that his new budget would not aim to slash government spending, the U.S. tax code is expected to hit Treasury and the United States budget deficit over the next two years, down to $183 billion from $345 billion projected for the current year.\nTrump is targeting a tax code plan that would provide tax relief and protect U.S. businesses from steep penalties, including steep tax cuts for most individual households and household income above $1 million.\nThe tax overhaul is due to be approved by the White House and Congress on Thursday.\n“The worst case scenario is a flattening of the tax system,” said Jack Benoit, an economist at Moody’s Analytics.\n“That means that revenue is going to dry up to around $400 billion a year.”\nCALLS FOR SHIRTS\nHowever, the Trump administration did reject the White House’s proposal to cut income tax rates while it simultaneously placing tariffs on U.S. imports to China, as some Republicans say.\nGarten said the administration had talked to Chinese officials, but “they know very little about what it’s doing.”\n“It is highly unlikely that we’ll get to see an appreciable recovery in economic growth,” Garten said.\nGarten’s warning on Wednesday came as Chairman of the International Monetary Fund Christine Lagarde said she was not concerned about overall debt-to-GDP ratios among advanced economies but noted that debt per capita in developed countries is about the same as in the United States.\nBusiness groups have been critical of President Trump’s budget proposal, including some manufacturers’ key suppliers.\nDemocratic lawmaker Christopher Murphy was critical of the Trump budget proposal.\n“One of the consequences of government debt’s steep reliance on short-term interest rates and high interest payments is increased uncertainty and the prospect of a depression at home as we start to see job losses and fears that America will be left to compete with the rest of the world,” Murphy said in a statement.\nFitch Ratings said on Wednesday that part of Trump’s budget proposal was going to make the United States “inevitable” to raise its benchmark global credit rating by a notch, to Aaa, which is the lowest an economic credit rating among 28 countries.\n“We assess the budget as being worth considering,” Fitch said in a report released on Thursday.\nThe Trump administration, faced with mounting objections over rising deficits, had already announced it would levy billions in new taxes in the 2020 budget, including a 2 percent tax on dividends from stocks on its stock index.\nWhile figures on the deficit were not immediately available, Garten told Reuters at the time he expects a new budget to be released before the end of the month, when Congress and the White House will have more time to negotiate.\n($1 = 0.8196 euros)\n']
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348
http://www.reuters.com/article/us-usa-tax-business-idUSKBN17S2WF
http://www.reuters.com/article/us-usa-tax-business-idUSKBN17S2WF
Companies cheer Trump tax cuts, but jobs are less certain to follow
null
null
['David Shepardson and Diane Bartz']
01-01-2021
reuters.com
null
success_wayback
gen
181,479
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['FILE PHOTO: U.S. President Donald Trump speaks during an economic forum in the Oval Office of the White House in Washington, U.S., December 15, 2017. REUTERS/Gary Cameron/File Photo\nNEW YORK (Reuters) - Manufacturers and customers at the headquarters of companies including Pfizer Inc agreed on Thursday that the proposed tax cut for the wealthy is paying dividends, but jobs have shifted.\nWith oil firms like BP plc (BP.L) and General Electric (GE.N) already losing a record amount of money in the United States, the benefits of Trump’s plan for struggling companies could also fade.\nThe average salary growth of several industrial companies is unclear, both in this year’s first quarter and in 2016, according to research firm ThinkEquity. Manufacturing accounts for only about a quarter of companies employed by workers at the top end, according to the Challenger, Gray & Christmas report.\nJob growth is a mixed bag for companies, however. There has been little movement at the headquarters of Halliburton Co (HAL.N) and General Electric Co (GE.N) this quarter, which helps reflect a sharply drop in pay.\nThere also appears to be no growth in Apple Inc (AAPL.O) or Alphabet Inc’s (GOOGL.O) annual report, as they are both being forced to write down the value of their paper business.\nBut from CNBC TV’s “Squawk Box” that released a new quarterly survey of employees, 56 percent of employees said they thought tax cuts would “result in fewer layoffs and lower costs of production.”\nSteel, wind, automobiles and electronic equipment, which account for roughly a third of U.S. manufacturing, also showed a slight rise in wages.\n“The people I work with generally feel like they will still see a sizable amount of layoffs next year,” said Matthew Wright, an analyst at Calvert Investment Management in London, which oversees about $23 billion.\nStill, between the big banks, many smaller conglomerates and even large foreign powers, firms are likely to find it difficult to offset the effects of tax cuts, he said.\n“There’s already a lot of bad corporate behavior done in the U.S. — including the decrease in utilization of U.S. tax-exempt banking services,” Wright said.\nThe U.S. top tax rate on income over $10 million is set to rise to 27 percent in 2017. That is the highest rate since 1992, when President Bill Clinton and President George W. Bush enacted the Volcker rule, an anti-money laundering measure that requires banks to stop making money in untaxed offshore accounts.\nLast week, the administration announced it had asked Treasury Secretary Steven Mnuchin to increase the amount of funding for tax incentives aimed at “ill-gotten assets” that might be liquidated in the event of a lapse in the current financial rules.\nDOUBLE SLOW\nLike General Electric, which reports Monday, revenue at Baker Hughes Inc (BHI.N) for the first time in five quarters and from solar and wind power continue to fall.\nThe U.S. Chamber of Commerce has criticized President Trump’s tax plan as a blow to corporate profits. Chief Executive Steve Jobs once attended a stock stock market rally that was held in New York that led some technology leaders to sell a large number of their businesses to pay down debt.\nBut while jobs have gained since Trump took office in January, the unemployed rate among workers applying for unemployment benefits on Friday remained above 7 percent - the highest in over 20 years.\nMany companies cite growth at home and abroad as a motivating factor, though many say that they have no immediate plans to cut employees or executives to avoid the reduction in taxes.\n“At this point in our program, as you know, we have identified our employer base — companies that are giving a profit from the high amount of sales they receive — in the traditional sense of attrition,” Matt Winter, director of external communications at Dow Jones and the New York Stock Exchange, said in an email.\n']
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349
http://www.reuters.com/article/us-usa-congress-regulation-idUSKBN17S33P
http://www.reuters.com/article/us-usa-congress-regulation-idUSKBN17S33P
Republicans take next step in U.S. deregulation with Senate bill
null
null
['Lisa Lambert']
01-01-2021
reuters.com
null
success_wayback
gen
181,481
[0.949999988079071]
['WASHINGTON (Reuters) - Republicans in the U.S. Senate took their next step on Thursday to curb financial regulations to ensure that they are not just for old and emerging markets.\nU.S. Republican Senator Jeff Flake speaks on the floor of the Senate floor at the U.S. Capitol in Washington, U.S., November 10, 2017. REUTERS/Joshua Roberts\nJust weeks ago Senate Republicans in the U.S. House of Representatives approved what they called the Buffett Rule, which would prevent banks from issuing new stock options and borrowing on margin without a notice to investors.\nThat provision, introduced in the Senate on Thursday, would rescind the Buffett Rule by legislation that would expand the type of securities America’s biggest banks (S&P 500 firms) engage in, where capital is held to limit its losses and to keep toxic assets from being sold to unsuspecting investors.\nThis measure, which would affect 32 of the S&P 500 companies, would take effect in March 2018. At that time, about $1 trillion in S&P securities would be subject to this type of rule, which is broadly called the Basel III standard.\nSenator Jeff Flake, a Republican from Arizona who voted against the Buffett Rule, said the State of the Union address this week set out to address potential regulatory risks for companies and individuals but failed to bring up the Buffett Rule outright.\n“If Senators Flake and Kent Conrad that you are our only Republican on the Senate floor want it, well they can’t go after big banks anymore. It’s time for a fresh start,” Flake said in a statement.\nThe Dodd-Frank financial reforms that came into effect on Sept. 1 set in place new rules that would slow the ability of banks to buy new common stock, sell the right to re-sell shares, and allow a minimum common stock ownership of less than 12 percent.\nThe Dow Jones Industrial Average , up more than 700 points this year and the S&P 500 up more than 500 points, comes into play where some businesses are most affected by this drastic reform.\n“Regulation in the banking sector has to be taken as an issue that people are willing to discuss,” said Jamie Feldman, chief investment officer at managing agency firm Anschutz Management Co. “We need to be talking about a balanced approach, one that involves provisions that create some distance for businesses.”\nGood and bad mortgages are seen as key to the current sluggish economic recovery, according to the National Association of Real Estate Investment Trusts, which is largely industry experts’ major hold on mortgages.\nThe U.S. Treasury Department’s chief economist, Zach Lee, said the “Loan Price Loss Act” would be a “big factor.”\n“The quickest way to reduce leveraged lending is to reduce the leverage requirement to incentivize more lending in the mortgage market,” Lee said in a statement.\nFinance Secretary Wilbur Ross, who spoke to a group of financial participants last week, said he sees too few reasons for banks to give cash up for good use.\n“In the short run, there are reasonable considerations. But if there is higher risk, it will be more likely that there will be higher fee revenue,” Ross said.\nThe stock market is lower than many other markets in the United States, but nearly 70 percent of firms under 30 are owned by overseas investors and nearly 12 percent are owned by U.S. workers.\n']
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350
http://www.reuters.com/article/us-usa-trade-nafta-idUSKBN17S2DG
http://www.reuters.com/article/us-usa-trade-nafta-idUSKBN17S2DG
Trump says was ’psyched to terminate NAFTA’ but reconsidered
null
null
['Jeff Mason and David Lawder']
01-01-2021
reuters.com
null
success_wayback
gen
181,482
[0.949999988079071]
['WASHINGTON (Reuters) - President Donald Trump said on Saturday he was “psyched” to end the free trade agreement with Canada and Mexico, but stressed he had not addressed his termination of the terms of the 1994 pact.\nIn a White House briefing, Trump said he had never discussed a termination of the 1994 accord with Canadian Prime Minister Justin Trudeau or any possibility of terminating it.\n“You look at the basic premise of what was written in the 1994 agreement and have not even asked about it,” Trump said, referring to the 1994 accord being negotiated in July by Canada and Mexico and nine former NAFTA officials, including six Canadian ministers.\n“The agreement is not even in the hands of Canadians anymore.”\nTrump said Canada and Mexico had reached a tentative deal to reduce tariffs and other trade barriers as part of their effort to win the World Trade Organization. The deal is now expected to be finalized in Montreal this week.\nDespite the legal assurances he has already given Trudeau, Trump could consider making a comeback to talks of renewal of NAFTA, Reuters reported in September.\n“I was just told we were not in the talks, that’s not the case,” Trump said. “I think that’s the real win-win scenario.”\nHe added that NAFTA status could be revoked if Canada and Mexico do not improve the quality of their products.\nChromflux Ranchery in Mexico City, the headquarters of the Garcan Balcomb restaurant chain, has donated $26 million to the United Auto Workers.\nThe Trudeau government has so far largely kept a low profile on the proposed renegotiation of NAFTA, while some of its policies.\nBut Trump has said he will renegotiate NAFTA should Canada and Mexico make new commitments to their economies to offset the impact of a U.S. retreat.\nTrump also has complained about delays and delays as he seeks to renegotiate the North American Free Trade Agreement.\nSo far, he has maintained relations with his Mexico counterpart Enrique Pena Nieto over unresolved steel and aluminum duties.\nBut Mexican Economy Minister Ildefonso Guajardo made clear on Monday the NAFTA renegotiation would not be happening anytime soon.\n“We will renegotiate NAFTA until we find a solution and that is what we are asking for as of January 19,” Guajardo told Mexican lawmakers.\n']
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351
http://www.reuters.com/article/us-usa-budget-idUSKBN17S146
http://www.reuters.com/article/us-usa-budget-idUSKBN17S146
U.S. Congress may seek one-week funding extension to avert shutdown
null
null
['Richard Cowan']
01-01-2021
reuters.com
null
success_wayback
gen
181,483
[0.949999988079071]
['WASHINGTON (Reuters) - The U.S. Congress will consider extending the government’s current two-week no-bailout spending plan this week, said a Republican aide to the House of Representatives Education and Labor Committee in an interview with Reuters on Tuesday.\nFILE PHOTO: Senate Majority Leader Mitch McConnell gestures as he speaks at a media conference at his office in Washington, U.S., December 15, 2018. REUTERS/Joshua Roberts/File Photo\nA vote on a long-term “clean” spending bill must now be held after the House voted down last week a $18 billion measure intended to fund most agencies over the next two weeks, averting a government shutdown.\nA “clean” funding bill includes a new “junk money” measure to cover parts of the budget that keep the government running through 2023.\nAny final bill for the second week in February would have to be reconciled with one that successfully passed the Senate, said Christopher Horner, a spokesman for the House Appropriations Committee.\nA government shutdown would be only the second since 2014 - and likely stop funding until late February 2019, Horner said.\nMany lawmakers have been scaling back funding for two-week emergencies such as gun and cyber security funding, but they have since passed lower spending bills.\nTrump warned on Sunday that Congress would be forced to reopen the government unless a new budget deal was reached.\nThe education and Labor Committee in late January passed a Republican-authored package that authorizes teachers and staff to retire early.\nSenate Minority Leader Chuck Schumer on Monday described himself as “negotiating like a rat.”\nThe White House on Monday released a letter from House Democratic leader Nancy Pelosi, who said she would vote for a short-term funding bill, but declined to outline her party’s position on the issue.\nThe United States has faced a partial government shutdown since the start of the fiscal year, costing tens of thousands of people their salaries. It ended on December 22 with no cash flow.\nThis week’s lawmakers face a complicated day-to-day task of trying to agree to a spending plan without any political issues that could potentially take years to resolve.\n']
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352
http://www.reuters.com/article/us-usa-court-immigration-idUSKBN17S2GN?il=0
http://www.reuters.com/article/us-usa-court-immigration-idUSKBN17S2GN?il=0
U.S. chief justice alarmed at Trump administration immigration case stance
null
null
['Lawrence Hurley']
01-01-2021
reuters.com
null
success_wayback
gen
181,484
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['WASHINGTON (Reuters) - U.S. Chief Justice John Roberts said on Wednesday he was alarmed at the way the Trump administration’s immigration enforcement policies were shaping a case seeking to block entry for refugees from six predominantly Muslim countries.\nThe U.S. Republican presidential nominee as a candidate, Donald Trump, had said the six war-torn Muslim countries would not be allowed into the United States, a charge the administration denied.\nRoberts, the first black member of the United States Supreme Court, said on the court’s website that the administration seemed to have run out of reasons for including the countries in the original refugee resettlement program.\n“I am very concerned about what’s going on,” Roberts said. “The lawsuit is very challenging and demanding to see how immigration courts interpret what is being done in the United States.”\nRoberts, who nominated conservative Judge Merrick Garland to the bench, said in a written statement that American judges had a “vital role” to deal with matters of constitutional importance.\nThe lawsuit has also touched off heated debate in federal courts around the United States about how to interpret the immigration order.\nThe July order by President Donald Trump, revising it to exclude Syria and Iran from the refugee program, requires for resettlement countries each to issue a waiver of refugee status to Syrians fleeing terrorism, natural disasters and other causes.\n“Accordingly, the government will stop applying the Refugee Order to Syrian refugees and stop accepting new Syrian refugees who are specific to Syrians fleeing abroad,” Roberts said.\nRoberts did not provide any examples of how the policy is changing policy but said the administration was rolling back the decision in recent weeks.\nOne crucial issue is the U.S. Justice Department in the case, Flint Health Science Foundation v. Faure, who asked U.S. District Judge Robert Gettleman in June to reverse a U.S. District Court order blocking Syrian refugees from entering the United States.\nBoth the Justice Department and the government argued that the lawsuit was a nuisance because applicants face uncertain future immigration proceedings unless they renounce their right to seek asylum.\n“Before we move forward, whether people are refugees or are an integral part of our nation’s family, the details of the Islamic State caliphate where they’re based must be studied, the reality that these (refugees) have not yet been accepted by the United States, and also in this case, the risk that they’ll be subjected to torture,” Roberts said.\nTransnational groups said the ban was targeted at Syrian refugees who have been beaten up in the past, tortured and forced to carry weapons or pick up children.\nRoberts said he had “serious concerns” about how the administration was showing interest in Asian and other Central American refugees, despite previously saying he wasn’t averse to them.\nBut there was no evidence the Republican presidential nominee was about to step down from the bench, Roberts said.\n“I do not believe that the candidate for Justice, or any consideration of whether his administration will make the policy change in practice in the future, is a candidate to provide,” Roberts said.\n“What the election means is that the primary question at stake in this particular case is, where in the campaign did the Trump campaign avoid revealing that there was not a candidate specifically advocating for refugees?”\n']
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353
http://www.reuters.com/article/us-samsung-elec-results-idUSKBN17S376?il=0
http://www.reuters.com/article/us-samsung-elec-results-idUSKBN17S376?il=0
Samsung Elec flags stronger second quarter; Elliott welcomes share cancellation
null
null
['Hyunjoo Jin and Se Young Lee']
01-01-2021
reuters.com
null
success_wayback
gen
181,485
[0.949999988079071]
['FILE PHOTO: Samsung Electronics Ltd. logo is seen at its flagship Unification Center in Seoul, South Korea, October 23, 2016. REUTERS/Kim Hong-Ji/File Photo\nSEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) expects a stronger second quarter than a year ago after a sharp rebound in global smartphone shipments to record highs as pricing pressures eased, enabling the firm to beat first-quarter expectations.\nSamsung Electronics, which markets everything from smartphone to semiconductors, is due to report its second-quarter results on Thursday. It posted revenue of 2.5 trillion won ($2.46 billion) in its first quarter, a 66 percent rise from a year earlier, though also missed analysts’ average estimate of 2.33 trillion won.\nThe finance-focused firm is expected to be restated to reflect changes in global supply-chain technology practices and revenue levels.\nSecond-quarter earnings per share and sales rose 9.8 percent and 8.4 percent, respectively, compared with a year earlier, the company said.\nIt forecast a 25 percent drop in net profit to 1.01 trillion won, due to higher expenses and “continued weakening demand and volatility of the smartphone market”.\nAnalysts polled by Thomson Reuters Starmine expect Samsung to record a 23 percent drop in net profit to 1.21 trillion won on the back of lower revenue, and a forecast of 1.15 trillion won in revenue.\nThe firm expects average selling prices (ASPs) to be down 7 percent from a year earlier, shrinking margins, which historically have been skewed toward the higher-margin smartphones sold during the second half of the year.\n“The second quarter report was disappointing as the market was disappointed by LG Display’s (034220.KS) e-tastic results,” said Arvind Subramanian, an analyst at Jefferies.\nSales at Samsung’s home market, the United States, jumped 10.6 percent in the second quarter to trade at 18.84 trillion won. Samsung’s home market accounts for half of its overall sales and most of its gross profit margin.\nExcluding the effect of higher revenue at existing high-end and other acquisitions, Samsung’s net profit margin rose to 28.67 percent from a year earlier.\nThe firm warned in December that its sales, gross profit margin and earnings would fall in the second half of the year as consumers “tighten belts” and took on higher costs due to the impact of accounting reform.\nNet profit was hurt by a bigger-than-expected 26 percent plunge in price subsidies in third-quarter sales, foreign exchange effects and the impact of proposed reforms.\nSamsung said profit margins at its home and non-china units would be flat to down 2 percent in the second quarter, compared with the third quarter last year.\nSamsung’s second-quarter sales fell 1.4 percent from a year earlier to 1.79 trillion won, after the firm reported profits that fell 20 percent from a year earlier to 2.37 trillion won.\n']
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354
http://www.reuters.com/article/us-canada-politics-idUSKBN17S1EB?il=0
http://www.reuters.com/article/us-canada-politics-idUSKBN17S1EB?il=0
Front-runner unexpectedly withdraws from Canada Conservative Party race
null
null
['Andrea Hopkins']
01-01-2021
reuters.com
null
success_wayback
gen
181,486
[0.949999988079071]
["Canada's Prime Minister Justin Trudeau speaks during a news conference on the government's rollout of the federal budget during the second day of a visit to Canada by the Dalai Lama at the Sudanese Mission, in Nairobi, Kenya, November 15, 2017. REUTERS/Thomas Mukoya\n(Reuters) - Conservative Party National Assembly candidate Caroline Scrutton’s candidacy for the position of agriculture minister is thrown into turmoil on Monday after her name was linked to the campaign of conservative House Speaker Marc Nadon.\nThe move to run, after months of speculation, follows revelations by the Globe and Mail newspaper, which revealed new allegations about texts sent by another party candidate and significant objections to the government plans to increase the minimum wage.\nAdvertising and public relations firm Publicis and Credo Partners were among companies for which executives have lost jobs in recent months, adding to media pressure to withdraw from a party team that includes Prime Minister Justin Trudeau and Deputy Prime Minister Nick Clegg.\nScrutton is “profoundly opposed to unionization and laid out a plan that involves the government to institute real social, economic and environmental reforms,” Publicis said in a statement.\nScrutton has been nominated as agriculture minister by the Conservatives, whose majority in the House of Commons has helped them move the party into second place in opinion polls since its defeat in a March 2015 election.\nShe said she would be running against Nadon who was a judge and president of Canada’s Agricultural Prize Foundation, a philanthropic organization which promotes Canadian agriculture.\n“Unfortunately, this subject is no longer on the radar screen of government officials and they are airing their dirty laundry,” she said.\nThe Conservative party criticized the $500,000 penalty it levied on Nadon for pleading guilty to breaching procurement and procurement code policy last month. It also complained that Credo Partners, whose president was one of the first high-profile members of the unsuccessful non-profit movement to launch a Vancouver-based agriculture industry organization, failed to compete with for nominations in both the agricultural and health industries.\nNadra himself has dismissed any potential alliance with Scrutton as a “scandal.”\nThe Liberals have been trying to insert a clause into the party election platform that would prohibit candidate funding from being declared “orchestrated.”\nWednesday marks a rare election for the Conservatives as they aim to form a majority government that could allow them to compete with the two main parties in the fall election.\n"]
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355
http://www.reuters.com/article/us-venezuela-politics-idUSKBN17S2SI?il=0
http://www.reuters.com/article/us-venezuela-politics-idUSKBN17S2SI?il=0
Venezuelan opposition blocks streets to protest Maduro power shakeup
null
null
['Alexandra Ulmer and Eyanir Chinea']
01-01-2021
reuters.com
null
success_wayback
gen
181,487
[0.949999988079071]
['CARACAS (Reuters) - Venezuela’s ruling leftist party blocked streets in the capital Caracas on Wednesday for three days and urged international observers to stage an independent probe of Maduro’s power reshuffle, forcing officials to issue a rare blizzard of edicts.\nDemonstrators hold Venezuelan flags at an entrance to Caracas, Venezuela, January 1, 2018. REUTERS/Marco Bello\nMaduro’s aide, Saul Triana, held a secret session in the capital’s Federation Square before delivering his speech to cheers. Later, he urged world powers to join the United Nations to face questions about the Venezuelan government’s “morality” during the 100th anniversary of the founding of the constitution.\n“Nothing here holds us at bay, nothing will stop us from moving forward,” Maduro said, in his first public address since he took power on Thursday. “All who have forgotten the conversation in the last few days has called us again.”\nThis time, dozens of people participated in the “security conciliatory” televised speech.\nThe move means Maduro’s post-democracy opposition can be ejected from congress as an impeachment is put on hold. When they rally outside the legislative speaker’s office, they will be detained on charges of political persecution, treason and “hooliganism.”\nIn Caracas, Venezuela’s top economic official was forced to rule from the dais after protesters chanted “Down with the interference!”\nNicolas Chávez, 63, who gave the double death in a 2009 street bombing attack in Caracas that killed hundreds, was due to address the country’s largest opposition party, the PSUV.\nThe protesters had traveled to Caracas as part of a Caracas-backed drive to tear down Maduro’s 33-year rule. But they retreated to a pavement or other temporary area. The police directed them to enter a barricaded area inside a complex in the center of the city, where the barricade has been blocked by pro-Maduro “peace brigades” who have been gathering in the area for months.\nInstead, they were rounded up and ushered into a waiting police car that was riddled with bullet holes and looted by both sides. Officials, however, insisted the prime minister’s office was in the process of calming the situation.\nAt least 17 government officials and 11 lawmakers were seen on Wednesday wandering through the area after holding talks with pro-government activists.\nManila, a normally tranquil Roman Catholic city, is busy carrying out a calm operation for the roadblock and dust-busting encampment, resuming its clearing work on Wednesday.\nSeveral protesters marched to the embassy of Argentina but got the country’s first punch in a rally against U.S. and Venezuelan military air strikes in support of rebels.\nThere are indications that the opposition will change its tune as they rebuild their armed forces, which have been weakened under Maduro.\nAlthough opposition leaders typically ignore “doves, pigs and so on” when criticizing Maduro, they often blabbed about corruption to popular assemblies and now clear the way for independence for constituent congress.\nThe opposition administration has blamed Chávez for the corruption and human rights violations since he took power, but this week’s clampdown won praise from the international human rights organization Amnesty International and from opponents of the PNSPO.\nThe move is notable because Maduro’s wife Chávez says her husband and daughter gave him money to pay for his corruption.\nIn Caracas, Maduro’s foes said they would hold a referendum to choose Chavez’s successor by early March.\nHuman rights and other rights groups have urged the president’s supporters to boycott the event, saying that would imperil the security of a people whose government has more than a quarter-century of dictatorial rule.\n']
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356
http://www.reuters.com/article/us-northkorea-usa-senate-idUSKBN17S0B9?il=0
http://www.reuters.com/article/us-northkorea-usa-senate-idUSKBN17S0B9?il=0
U.S. lawmakers say Trump administration still lacks clear North Korea plan
null
null
['Patricia Zengerle']
01-01-2021
reuters.com
null
success_wayback
gen
181,489
[0.949999988079071]
['WASHINGTON (Reuters) - U.S. lawmakers voiced concern on Wednesday that the Trump administration is still lacking clarity as to how it can best deal with North Korea’s nuclear weapons program, according to a statement from the White House.\nFILE PHOTO: North Korean leader Kim Jong Un and South Korean President Moon Jae-in pose during a meeting on the sidelines of the Asian-Pacific Economic Cooperation (APEC) summit in Panmunjom, South Korea, January 4, 2015. REUTERS/Kim Hong-Ji/File Photo\nThe statement by Senate Foreign Relations Committee Chairman Bob Corker and House Foreign Affairs Committee Chairman Eliot Engel, another Republican who chairs the committee, came in response to a question by Engel about Trump’s recent description of his “special envoy” for North Korea, John Bolton, as a “warmonger” in order to advance his agenda for North Korea.\nTrump has made threats of military action to disrupt Kim’s nuclear weapons program and has opposed military options in the six-party nuclear talks that have failed to bring down the North Korean nuclear threat.\nIn a speech in Pyongyang on Jan. 1, Trump complained that North Korea’s nuclear program and the stalled “Diplomatic Process” is a “very dangerous project.” He said his administration’s last-minute assessment of the talks at a meeting in Vietnam with U.S. Secretary of State Rex Tillerson had been erroneous.\n“President Trump has finally made a decision that’s far more sensible than, well, nobody realizes,” Corker said. “The president needs to make a decision about North Korea.”\nThe Homeland Security Department is carrying out a review of Trump’s foreign policy as a result of the “Diplomatic Process” review, the White House said.\n“Any efforts by the United States and our allies as a state to further isolate North Korea are clearly undermined,” Corker and Engel said.\n“United States partners can play a critical role in making sure North Korea remains an effective and transparent offender.”\nThe Trump administration last week issued a veiled statement saying it views the unilateral threat of unilateral actions as “the absolute worst sort of warfare” launched by North Korea.\n']
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357
http://www.reuters.com/article/us-takata-restructuring-idUSKBN17S37E?il=0
http://www.reuters.com/article/us-takata-restructuring-idUSKBN17S37E?il=0
Shares in Japan’s Takata suspended after report on bankruptcy plan
null
null
['Naomi Tajitsu and Chang-Ran Kim']
01-01-2021
reuters.com
null
success_wayback
gen
181,491
[0.949999988079071]
['TOKYO (Reuters) - Shares in memory chip maker Takata Corp (2571.T) have been suspended because the company is under bankruptcy court supervision, a court spokeswoman said on Tuesday, in the latest major factor in the bankruptcy petition on Tuesday.\nThe company is a founding member of Toyota Motor Corp (7203.T), one of Japan’s largest car makers, as the latest suitor for Takata was seen to run dry.\nThe writedown reflects the restructuring efforts of the troubled firm behind defective air bag inflators that have been linked to at least 34 deaths in the United States and around 25,000 injuries worldwide.\nToyota and other Japanese automakers, including Honda Motor Co (7267.T), Nissan Motor Co (7201.T) and Nissan Motor Co (7201.T), have been struggling since the recall of cars in the United States in 2014.\nThe petitioning process for Takata filed earlier this month, in which the Tokyo district court had ordered it to pay $500 million in interest to customers. It was not immediately clear whether the court had initiated its initial injunction.\nThe court is acting as administrator of Takata’s bankruptcy petition, as required by Japan’s bankruptcy laws. The writedown has caused problems for the company’s creditors, and it has had the impact of not collecting the more than $1 billion in interest owed.\nTakata has held court for months, seeking injunctions and notifying financial institutions that it is eligible for bankruptcy protection.\nNow, the company faces two court filings on Monday that could affect the bankruptcy petition.\nThe Journal of the National Bank of Japan (JNB) said Wednesday it had lodged the writedown under U.S. bankruptcy protection law.\nA spokesman for the JNB said it was waiting for a decision from the Japanese court before commenting.\nThe U.S. filing of the writedown, originally filed in October, has prompted a flurry of complaints from disgruntled creditors who have been unhappy with the company’s bankruptcy case.\nThe JNB said it had been considering its options under Chapter 11, where it would seek to restructure for as much as $8.5 billion.\n']
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358
http://www.reuters.com/article/us-usa-canada-trade-idUSKBN17S1IG?il=0
http://www.reuters.com/article/us-usa-canada-trade-idUSKBN17S1IG?il=0
Canada reports progress with U.S. on lumber as Trudeau, Trump talk again
null
null
['David Ljunggren']
01-01-2021
reuters.com
null
success_wayback
gen
181,492
[0.949999988079071]
['OTTAWA (Reuters) - Canada said on Tuesday it had made good progress with the United States on how it could cooperate with a push for softwood lumber as President Donald Trump talked to U.S. Trade Representative Robert Lighthizer on the sidelines of this week’s Davos world trade summit.\nTrudeau meets members of the Association of Canadian Industry and Commerce in Hamburg, Germany, January 1, 2019. REUTERS/Wolfgang Rattay\nThat trip came days after Canada sued the United States on grounds it did not follow the 19th century ban on Canadian lumber exports. The Commercial Court of Appeal threw out a related case in November.\nTrump has proposed scrapping a trade agreement with Canada and three other Pacific Rim countries that would have been the creation of a new Trans-Pacific Partnership trade pact known as the Pacific Rim Free Trade Agreement.\nTrudeau and the U.S. Trade Representative Robert Lighthizer met and discussed ways for Canada to incorporate the United States’ efforts to reduce tariffs on American imports from other countries.\n“We’re hopeful that the U.S. will resolve that matter and move forward to further work on working with Canada on this issue,” Trudeau said in an interview.\nImposing tariffs would hurt business because a national duty on lumber amounts to a tax on Canada, but also would hurt small business. It would create large risks for Canadian businesses, including those that export lumber to the United States, and hamper Canada’s efforts to expand its trade ties with Pacific Rim countries.\nEnvironmentalists have rallied behind Trudeau’s renegotiation of NAFTA, but the trade deal has become popular among congressional Republicans as an alternative to U.S. President Donald Trump’s demands for a referendum on the pact.\nTrudeau said Washington was well positioned to counter the North American Free Trade Agreement, or NAFTA, but no one were joining the U.S. effort to expand trade ties with other countries. Canada was already looking at cutting some trade tariffs on its lumber exports, he said.\nCanada is also looking to beef up its international trade mission, and Lighthizer said the U.S. side had begun consultations on its economic policy plan.\n“Canada is absolutely and absolutely committed to working with the United States on these issues,” Lighthizer said.\nA U.S. TRADE DEAL\nLighthizer said Canada and the U.S. are looking closely at the NAFTA trade agreement and were “looking to see how we can best work together on these issues.”\n“As Canada’s ambassador to the United States and as an ambassador to the U.S., we have an interest in helping the U.S. to realize what the Canadian government has made for itself,” he said.\n“As we look at the changes we can make to this treaty ... we are excited about the progress and good and constructive steps we are taking to put into motion some of these ideas that we think are important to Canada.”\n']
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359
http://www.reuters.com/article/us-microsoft-surveillance-idUSKBN17F2G7?il=0
http://www.reuters.com/article/us-microsoft-surveillance-idUSKBN17F2G7?il=0
Microsoft says no increase in U.S. foreign intelligence surveillance requests
null
null
['Dustin Volz']
01-01-2021
reuters.com
null
success_wayback
gen
181,496
[0.949999988079071]
["WASHINGTON (Reuters) - Microsoft Corp has called for new intelligence rules that would ban foreign surveillance programs like Facebook Inc’s WhatsApp application, but no changes to U.S. rules for electronic spying are being considered at current levels.\nFILE PHOTO: A Microsoft logo is seen during a product launch for Windows 10, Windows 8, and Windows 8.1 at Microsoft's headquarters in Redmond, Washington, U.S., January 11, 2018. REUTERS/Aaron P. Bernstein/File Photo\nBecause most countries require their agencies to collect data on every phone call they make, access to large chunks of the data would be limited to government agencies to see if they uncovered wrongdoing, the U.S. intelligence agencies have said in reports about surveillance practices.\nMicrosoft has estimated a typical bill of information would cost $1.6 billion a year, and some tech industry groups have expressed concern about such large sums.\n“This is an area where Microsoft cannot completely strike out,” said Rick Eppard, a security program manager at the European Network Enforcement and Communications Security Agency, which is drafting an overhaul of the National Security Agency’s surveillance programs.\nMicrosoft made the announcement at an event in Washington on Monday.\nThe NSA does not have a specific plan for such surveillance, but other US agencies have suggested the same policies would cause internet-based surveillance to disrupt online data flow and threaten democracy.\n“Something that most would say is, to see everything you need to do to change the norm, is absolutely unrealistic,” said Marc Andreessen, a venture capitalist and president of venture-capital firm Andreessen Horowitz.\nFile Photo: Miriam Hasson/File Photo. REUTERS/Jonathan Ernst/File Photo\nMicrosoft is working with the United States Department of Homeland Security to issue a draft rule that would require companies that collect internet data to share the data with the NSA, a DHS official told Reuters.\nThe proposal would require all data on the phone calls it makes to be shared with the agency, such as the resulting telephone records and the host of personal conversations they might record.\nHowever, the rule was never finalized and it was unclear how the draft would be enforced, the official said.\nJohn Negroponte, director of the Office of National Intelligence, said Monday that before he could suggest that the rules were finalized, the U.S. intelligence community had to propose an exemption from FISA.\nAll parties to the proposal should submit proposed responses by April 12, the second day of the public comment period, he said.\nThe proposed rule would also require that companies change their behavior about lawful requests to collect data from them. A study from the CIA found that firms often asked for more information about themselves and then withdrew from government requests, a result of a lack of cooperation.\nThe official declined to discuss a possible fix for the rule.\n"]
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360
http://www.reuters.com/article/us-brazil-politics-idUSKBN17S32C?il=0
http://www.reuters.com/article/us-brazil-politics-idUSKBN17S32C?il=0
Brazil’s Senate passes bill prosecutors view as curbing graft probes
null
null
['Anthony Boadle and Brad Brooks']
01-01-2021
reuters.com
null
success_wayback
gen
181,497
[0.949999988079071]
['BRASILIA (Reuters) - Prosecutors in Brazil’s new anti-corruption legislative body have approved laws that put a spotlight on public corruption after a federal court ordered them to put more pressure on executives to resign from prosecutors, a Senate committee voted on Friday.\nIn addition to dismissing thousands of corruption cases, the Senate passed a bill to shift capital gains from corporate fines - which currently incur higher fines - to pre-emptive measures to protect public officials and keep others with the secret services from sharing information about corruption, its committees said.\nThe action moves the government from two months ago to February as prosecutors work to push ahead with corruption investigations. The effort is set to increase over the coming months, bringing the size of the public prosecutor’s office, which was formally transferred to the lower house in December, under greater scrutiny.\nThe changes are the first since President Michel Temer took office in July, taking power after protests and police crackdowns on protesters that have hobbled his ability to govern, particularly since he took office.\nThe measures reflect the fight against graft in Brazil, where at least 40 new corruption trials have been reported since December and a significant number of them are in favor of criminal cases involving public officials or members of their immediate families. They have already been applied to public offices, including the entire Congress and the presidency.\nThe Senate approved the bill, or amended bill, on Thursday, 20-2, however that changed after Senate prosecutor Cházár Colgan, the committee chairman, requested a legislative referral before it could be passed.\nDuring a hearing on Friday, Colgan said the measures target implicated officials, such as former state attorney general (AG), Eduardo Cunha, and wiretapped and shielded the heads of defense firms and other corrupt executives from red-light cameras and other surveillance systems.\nThe latest sanctions sanction would be something new, according to Colgan, including stopping the revenue from banks that take part in contracts. The two men also have a total of $224 million in current drug-related assets.\nOn Wednesday, the court granted a temporary ban on the sale of 7.3 billion reais ($250 million) worth of bonds of the Buenos Aires-based Intergeneracional Bank SA, forcing it to shut its central Brazilian branch in order to complete a series of transactions relating to its political corruption investigation.\nThe measure requires the bank to seek a judicial order to shut down all pending investigations and it also seeks new ones, blocking for a limited period the sale of 5.7 billion reais of notes of the Orinda State oil company.\n($1 = 4.6412 reais)\n']
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361
http://www.reuters.com/article/us-usa-healthcare-idUSKBN17S2F1?il=0
http://www.reuters.com/article/us-usa-healthcare-idUSKBN17S2F1?il=0
Conservatives back latest U.S. healthcare bill, obstacles remain
null
null
['Susan Cornwell and Yasmeen Abutaleb']
01-01-2021
reuters.com
null
success_wayback
gen
181,506
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["WASHINGTON (Reuters) - If passed by the U.S. House of Representatives on Thursday, the tax reform bill would eliminate a $250 billion mark-to-market tax on corporations and the individual mandate to get insurance on the Obamacare exchanges.\nFILE PHOTO: A window displays warnings on this screen (marked with U.S. President Donald Trump's words) over Obamacare issued by the federal government for potential tax-break savings and benefits of the Obamacare healthcare law, in Washington, U.S., November 8, 2017. REUTERS/Aaron P. Bernstein/File Photo\nLess than two weeks from the final vote, House Republicans are focusing on November’s U.S. Senate vote on a roughly nine-bill package that deals with changes to healthcare programs and a possible downgrade of U.S. debt.\nWith passage, the tax package — whose proposed spending and tax break are among two measures ultimately voting on the Senate floor — represents the latest step to revive the troubled Obamacare program and give Congress another year to see how it handles federal deficit reduction.\nDemocrats hope to break through with a handful of amendments to the bill that include terms to repeal or replace the former Republican President Barack Obama’s healthcare law and to apply taxes on stock investments, annuity earnings and pension benefits.\nThe effort to repeal Obamacare is deadlocked in the Senate after a bitterly fought battle. Republicans, after a midweek legislative retreat in the Northeast, face a daunting 20 points margin.\nThe nation’s ninth-largest city is drafting a nondiscrimination policy that would ban transgender people from federal public and private agencies like the federal government and public hospitals. Democrats are looking to seize control of the House of Representatives.\nDemocratic Representative Will Heath of Colorado, who chairs the Finance Committee, said he expected the changes would fall short of the 238 votes that Republicans have to win to pass the legislation.\n“Of the 171 Democratic votes in favor, 25 are needed to give up more than sufficient procedural hurdles to defeat this one,” Heath said on Wednesday in remarks delivered by a meeting with constituents on his fundraising site.\nHeath indicated he will propose legislation during a House vote on Thursday, one day later than planned.\nHis caucus will include Republican Representative Adam Kinzinger, of Virginia, and Democrat U.S. Representative Mike Fitzpatrick of New York. They are Democrats and chairs the Finance Committee.\nA spokeswoman for Deputy Secretary of the Treasury Scott Pisano said the Treasury would not comment.\n“The legislation being discussed in the House is good but not satisfactory for the American people,” Cantor said in a statement.\nCantor said House Speaker Paul Ryan would ensure an orderly review of the law as it was approved by the Senate and could be used to repeal or replace the Affordable Care Act.\nRepublicans argue that repealing and replacing Obamacare would result in less federal revenue.\nConservative groups criticized House Republicans for stymieing broad effort to forge a healthcare reform measure.\n"]
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362
http://www.reuters.com/article/us-florida-apology-idUSKBN17S2ZE
http://www.reuters.com/article/us-florida-apology-idUSKBN17S2ZE
Florida Senate apologizes for abuse, deaths at reform school
null
null
['Bernie Woodall']
01-01-2021
reuters.com
null
success_wayback
gen
181,507
[0.949999988079071]
['FLORIDA, Jan 1 (Reuters) - A Democratic state senator apologized on Tuesday for an incident in which a 19-year-old high school football player was killed after falling from a floor chair last year while playing with a pipe.\nRepublican Todd Young, chairman of the Democratic House leadership, said he was appalled and apologizing “for my inappropriate actions,” including his tweeting.\n“I learned of the incident with this student on my Twitter page and I was so appalled by it I sent him a tweet saying I would watch his death,” Young wrote on Twitter, citing quotes in a letter from state Senator Pamela Brown.\nThe incident took place in September while Flanagan High School football players were playing together in its football stadium in Orlando.\nBrown said Wednesday that she was “heartbroken” by the incident. “Our community and our state are stunned by this incident,” Brown said.\nBurned-out students who had overcome adversity during high school football careers, the deaths have damaged recruiting efforts at high schools and in conservative states as a state has for years targeted conservative values and religious conservatives.\nThe Florida House Democratic Caucus, led by Young, also issued a statement.\nYoung said “the unfortunate and even tragic events” at the school in September “bring a new reality to our race issues” in the state.\nThe 20-year-old Josh Lowe died in September while playing with a student where the boy was trying to block the player, Young wrote.\nBurned-out students who have overcome adversity during high school football careers, the deaths have damaged recruiting efforts at high schools and in conservative states.\nThe Florida House Democratic Caucus, led by Young, also issued a statement.\n']
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363
http://www.reuters.com/article/us-usa-fcc-neutrality-idUSKBN17S2I3
http://www.reuters.com/article/us-usa-fcc-neutrality-idUSKBN17S2I3
U.S. FCC chairman to propose reversing ’net neutrality’ rules
null
null
['David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
181,508
[0.949999988079071]
['(Reuters) - The U.S. Federal Communications Commission (FCC) will recommend on Tuesday a reversal of several 2015 rules on net neutrality, including one that took effect on Dec. 1, the agency said in a letter to President Donald Trump.\nFILE PHOTO: The sign outside the FCC headquarters in Washington, DC, U.S., January 1, 2018. REUTERS/Carlos Barria/File Photo\nSince taking office in January 2017, Trump has sought to reverse the FCC’s original rules regarding Internet-based access to regulated markets.\nThe FCC’s Open Internet Working Group proposal would create a business-friendly rule allowing for broadband service providers to provide Internet service to individual consumers when they disagree with the speed of those connections.\nThe group outlined the FCC’s proposed rules in 2017.\nTrump appointed by the FCC chief Ajit Pai in March to replace Wheeler as chairman has pushed the FCC to overhaul itself while his administration mulls regulatory changes that could help users, including paid prioritization of applications for speedy access to television and Internet content.\nRepublicans have long favored broadband competition, especially through regulatory reforms such as minimum and fast broadband pricing. However, Trump has embraced a net neutrality campaign.\n']
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364
http://www.reuters.com/article/us-twitter-results-breakingviews-idUSKBN17S2B9
http://www.reuters.com/article/us-twitter-results-breakingviews-idUSKBN17S2B9
Twitter unduly attracts financial followers
null
null
['Jennifer Saba']
01-01-2021
reuters.com
null
success_wayback
gen
181,510
[0.949999988079071]
['(Reuters) - Twitter Inc (TWTR.N) drew an 80 percent interest fee from financial institutions’ advisory clients last month for its monthly customer enquiries, a person familiar with the matter said.\nFILE PHOTO: A Twitter logo hangs next to a sign proclaiming "Before money is made", at a branch of Bank of America Merrill Lynch in New York, U.S., May 4, 2017. REUTERS/Brendan McDermid/File Photo\nBut this did not appear to be the same behavior other Twitter accounts which claimed to draw customers pay more than they do, the person familiar with the matter said.\nTwitter said in September that it had entered into a $1.4 billion credit facility with banks seeking emergency liquidity assistance to prevent a liquidity crisis.\nQuoting a December 9 letter sent by the office of SEC Chairman Christopher Cox, who said the bank process was expected to be completed in the first quarter, JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) said they had agreed to receive “reserve capital” on behalf of nine fund managers in partnership with three brokerages, and that five financial institutions would receive minority equity ownership in the exchange-traded fund.\nThe relationship, which involved the two parties agreeing not to sell to another party if both parties were unhappy with the arrangement, was the latest in a series of infractions taken by Twitter, often at the expense of users.\nThe user-generated posts, tags and the language used in the posts often end up in spam filters and sometimes with bad grammar.\nThe social media company has been criticized since June for periodically getting the attention of politicians, top executives and investors it seeks to boost.\nThe company in December formed a short-term cash-and-stock recapitalization fund, but the terms of the $1.4 billion loan from Wells Fargo and JPMorgan cast doubt on the previous purpose of the company.\nMark Harris, who leads Twitter’s investor relations department, told Reuters on Tuesday that it had invited “a lot of great institutions to participate” in the arrangement with the companies.\nAn affiliate of United Equity Partners, known for its hawkish views on bank regulation, earlier in the year announced it would own 10 percent of Twitter and would seek investment.\nAn investment in Facebook Inc’s VR business is among Twitter’s biggest investments yet, but it drew cash questions from investors on a month-end call last year, when the company also cut some direct communications with executives at Alphabet Inc’s (GOOGL.O) Google to a near halt.\nIt also received some investor frustration last month when Chief Executive Dick Costolo said its U.S. expansion was “marketing gimmickry”.\nOn Tuesday, the Twitter shares fell 2.2 percent to $275.40 in late afternoon trading.\n']
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365
http://www.reuters.com/article/us-microsoft-cyber-idUSKBN17S32G
http://www.reuters.com/article/us-microsoft-cyber-idUSKBN17S32G
Hackers exploited Word flaw for months while Microsoft investigated
null
null
['Joseph Menn']
01-01-2021
reuters.com
null
success_wayback
gen
181,511
[0.949999988079071]
["SINGAPORE (Reuters) - Hackers working for the government secretly developed a flaw in a security feature in Windows operating systems that allowed them to eavesdrop on contacts and users worldwide for months without knowing they were sending or receiving unauthorised messages, media reported on Thursday.\nFILE PHOTO: Microsoft Corp employees leave the company's headquarters in the Sunnyvale, California, U.S. March 3, 2018. REUTERS/Mike Blake/File Photo\nThe exploits occurred shortly after Microsoft released three versions of its Edge browser for the Windows desktop and smaller Linux computer operating systems late last year, and even after the security flaws were discovered in the months before Windows 10 launched and before Microsoft unveiled the Vista operating system in 2015.\nMicrosoft acknowledged the flaw, known as a Flame attack, and said on Friday it would investigate more of the incident. Microsoft can share the details of the underlying code with data security firm Novell Inc as needed, providing third-party developers with a gateway for updates, the company said.\n“The allegations that were made by attackers in the past continue to implicate Microsoft and Microsoft’s teams to game the system with vulnerabilities,” Novell said in a statement.\n“It is important to remember that unless the attackers can have both good and bad terms with the computer, they will not be able to disable an underlying program or other control scheme.”\nThe flaw is not unique to Microsoft and often used by attackers to access an application’s computer server or server-based storage database.\nDevelopers last year became the victims of a weeks-long campaign of cyber attacks centered on the Kamakura vulnerability discovered in 2015 on a Windows 10 product dubbed the “Kamakura” file, according to media reports.\nMicrosoft has advised customers not to give out sensitive information, including whether they have sensitive business information or information on workers’ employers. The company said in a statement that it would continue to support customers while it investigated the exploits.\nMalicious attacks can include siphoning of data from users and remotely exploiting the sensitive information to push malicious software to computers.\nChinese software maker Baidu Inc (BIDU.O) was the victim of an attack in November that saw the vulnerabilities in Microsoft’s Edge browser being exploited as part of a campaign of attacks on Baidu users.\n"]
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366
http://www.reuters.com/article/us-tesla-germany-idUSKBN17S28R
http://www.reuters.com/article/us-tesla-germany-idUSKBN17S28R
Tesla hikes pay to quell unrest at key German supplier
null
null
['Edward Taylor']
01-01-2021
reuters.com
null
success_wayback
gen
181,514
[0.949999988079071]
['(Reuters) - The owners of certain workers at German supplier Tesla Inc (TSLA.O) have voted to hike their pay by a fifth and do away with some policies on terms and conditions they use to make orders, Tesla’s senior vice president of engineering posted on Friday.\nFILE PHOTO: The Tesla Roadster is seen in San Francisco, California, U.S. August 20, 2017. REUTERS/Robert Galbraith/File Photo\nTesla Motors Inc has sharply cut forecasts in recent weeks following a global crisis over the Autopilot system introduced by its driver-assist device (DAN) chief, Elon Musk.\nThe companies have struggled to rein in the amount of work they do at Tesla as the DAN headwinds have faded as diesel and battery supply continues to decline.\nTesla said on Thursday it would accelerate the pace of planned operations to meet financial targets set at the beginning of 2018.\nTesla’s new pay rates would increase the pay plan that currently covers 60,000 of Tesla’s hourly and salaried employees, instead of the current 50,000 of those who live on its California factory site, the Wall Street Journal reported, citing sources familiar with the plan.\nTesla’s program expires at the end of the month and the results of the vote on Thursday suggest that the truckmaker is prepared to eliminate some programs to prop up its staffing to meet targets set at the start of the year.\nBut the 60,000 U.S. hourly employees who keep orders due to the system will get a break if their job lasts as long as they keep it, Tesla said in a letter to employees.\nThe end of the plan is encouraging, Tesla said, but it would still face logistical challenges as diesel and battery shortage increases.\n“We must make investments to accelerate the ability of our employees to continue to excel, to drive the productivity of our vehicles, and to create jobs for our people,” said Tesla President and Chief Executive Elon Musk.\nTesla had a net loss of $100 million for the quarter ended Sept. 30, the letter to employees said. Its adjusted loss of $315 million in the same period in 2017 missed analysts’ estimates.\nTesla has attracted a fortune from its work with the DAN, which connects electric cars to mobile apps to alert drivers about them.\n']
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367
http://www.reuters.com/article/us-usa-municipals-calstrs-idUSKBN17S33J
http://www.reuters.com/article/us-usa-municipals-calstrs-idUSKBN17S33J
CalSTRS pares down U.S. equity exposure in market’s record run
null
null
['Daniel Bases and Robin Respaut']
01-01-2021
reuters.com
null
success_wayback
gen
181,516
[0.949999988079071]
['LONDON, Jan 1 (Reuters) - CalSTRS, which oversees more than a billion pounds of assets, said it had reduced its U.S. equities exposure to 33 percent after adding the share of German bank Axel Springer <ESSN.HE> to a measure of its quarterly equity exposure.\nThe world’s largest asset management company said its U.S. equities exposure dipped to 31 percent from a peak of 50 percent in December 2016.\nCalSTRS, which was embroiled in a litigation with the U.S. Federal Reserve that would see it take a £600 million ($626 million) charge for breaching U.S. mortgage rules on mortgage loans, said it had decided to take more weight on its American equities portfolio to be more conservative about where to allocate against markets.\n“While the U.S. equity markets have rebounded and played a critical role in supporting the equity market, in 2017 our investment philosophy has clearly changed... We believe we should take a long-term view on our portfolios and be more conservative on investments,” CalSTRS Chief Executive Matthew Reichelt said in a statement.\nCalSTRS said it would raise a further £300 million through an equity offering to institutional investors and join its tier one tier two tier two tier capital tier three and tier four tier tier capital tier capital.\nStill, the company cut a net 3.0 billion pounds from its U.S. equities portfolio in 2018 to just under £3 billion.\nReichelt had become the U.S. head of CalSTRS as part of a strategy to increase its exposure to European European equities and the German bank as one of the eight German competitors as well as Canada, Switzerland and France.\nCalSTRS is also moving in the opposite direction to Tenneco, which it said had already increased its stake in Tenneco by 1.2 billion euros in March.\n']
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368
http://www.reuters.com/article/us-usa-stocks-idUSKBN17S1FK
http://www.reuters.com/article/us-usa-stocks-idUSKBN17S1FK
Wall Street ticks lower as Trump tax priorities unveiled
null
null
['Rodrigo Campos']
01-01-2021
reuters.com
null
success_wayback
gen
181,517
[0.949999988079071]
['NEW YORK (Reuters) - Stocks were lower on Monday, on track for their second straight weekly decline as investors kept cool to research Trump’s U.S. tax overhaul and tentative details of long-delayed tax reform.\nInvestors held their powder dry with the Dow and S&P 500 hit declines, while the Nasdaq and the S&P 500 rose. The Dow finished up 19.37 points, or 0.13 percent, at 13,974.56. The S&P 500 was up 2.32 points, or 0.2 percent, at 1,637.40 and the Nasdaq was up 5.11 points, or 0.6 percent, at 3,434.06.\nFollowing a truncated tax plan, some of the biggest moves made over the weekend included a partial cut in corporate tax rates while also offering billions of dollars in spending, including billions of dollars to revitalize the U.S. manufacturing sector.\n“There is a thought process under discussion that Trump’s tax package would hurt large corporations and lessening investment spending and could be negative for trade and other economic engine growth,” said John Edwards, portfolio manager at Saxo Capital Advisors in Newark, New Jersey.\nInvestors will see the proceeds from the plan to be used for part of the president’s tax overhaul, known as the EITC, later on Monday, said Paul Bisignani, head of research at Gatefly Capital Partners in Louisville, Kentucky.\nCurrency traders also want to ensure that Trump does not move swiftly to complete his proposals, the day before they would be introduced to Congress.\n“Trump said on Sunday he wants to make comprehensive changes to the tax code. ... With a little time now, then the groundwork for the next legislative session can be laid,” Bisignani said.\n']
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369
http://www.reuters.com/article/us-twitter-results-idUSKBN17S1E7
http://www.reuters.com/article/us-twitter-results-idUSKBN17S1E7
Twitter posts strong user growth, shares soar
null
null
['Angela Moon and Rishika Sadam']
01-01-2021
reuters.com
null
success_wayback
gen
181,518
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['FILE PHOTO: An employee from the Twitter logo is pictured at the time of a visit in India. REUTERS/Baz Ratner/File Photo\nNEW DELHI (Reuters) - Twitter Inc (TWTR.N) posts a higher user growth in the fourth quarter, reflecting gains in advertising and its slowing business after flooding the market with fake accounts.\nBut it fell short of analysts’ estimates, sending its shares sharply lower on Wednesday.\nThe company reported a net loss of more than $400 million, excluding the effects of foreign exchange fluctuations, in the quarter ended Sept. 30. Analysts, on average, had estimated a profit of $900 million.\nWhile Twitter suffered a blow-out quarter in its first full year, its mobile, online and mobile businesses all benefited from a solid showing from the platform.\nThe company will disclose quarterly revenue for April through December on Thursday.\nThe company is waging a war to revive its fortunes. There are now fewer than two dozen operations — accounting for 29 percent of its total — that once led Twitter to its peers. The investment bank Piper Jaffray Inc is estimating the company’s revenue will drop to $1.25 billion this year.\nPiper Jaffray analyst Ben Reitzes sees Twitter growing to more than 60 million monthly active users by end-2018, compared with 30 million from the end of 2016.\nThe pace of the outperformance appears to be in keeping with Twitter’s plan to ship 40 million holiday-shortened devices this year.\nTwitter was awarded marketing and advertising business contracts worth $160 million by Foxconn, the largest manufacturer of iPhones, earlier this month.\n']
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370
http://www.reuters.com/article/us-usa-tax-mlps-idUSKBN17S2KS
http://www.reuters.com/article/us-usa-tax-mlps-idUSKBN17S2KS
Trump’s tax cut proposal shines light on MLPs
null
null
['Rodrigo Campos and Liz Hampton']
01-01-2021
reuters.com
null
success_wayback
gen
181,522
[0.949999988079071]
["WASHINGTON (Reuters) - Trump’s tax cut proposal was one of the biggest news stories of 2018, and a little sun will shine a little bit brighter on the CEOs of Fortune 500 companies attending a group conference.\nAn employee surveys Tesla Inc drivers in New York, New York, U.S., December 30, 2017. REUTERS/Brendan McDermid\nWhile the bill is still in the works, the Commerce Department estimated in a new Treasury Department report that out of 49,000 tax returns submitted to both the Department of the Treasury and Congressional Budget Office in October, 467 CEOs delivered tax advice.\nThat is an increase from the 42 percent so far in 2018. When Trump's tax cut proposal was unveiled on Dec. 11, the numbers climbed to 36 percent in October, up from 4 percent.\nThere were also large new tax cuts for many of the same companies with publicly traded companies.\nTake Xerox Corp and Xerox PARC.O, a company that showed up with representatives from Nextera Corp (NTTR.O), Equinix Inc (EQIX.O), Alexion Pharmaceuticals Inc (ALXN.O), Qualcomm Inc (QCOM.O), Constellation Energy Group Inc (CEG.N), Alliance Health Care REIT Inc (ASX.N), and Telehealth Corp.\nSome companies, which rely on the financial services industry, might benefit the most from the government’s help.\nOn January 1, Costco Wholesale Corp (COST.O), Berkshire Hathaway Inc (BRKa.N), H&R Block Inc (HRB.N), IHG Corp (IMG.N), 1i Holdings Inc (1i.N), Goodyear Tire & Rubber Co (GT.N), Stelara Inc (GAR.N), Aetna Inc (AET.N), Discover Financial Services Inc (DFS.N), and Apollo Management LP (APO.N) are among the companies expecting better results than last year’s growth rate.\nTrump ended a tax cut for companies that depend on the U.S. dollar to make up 80 percent of their income, many who have benefited on the economy through business investment by expanding trade and manufacturing. Those companies have also raised their taxes on tens of billions of dollars of foreign earnings.\nDIVERGENCY BIOMAS\nAs much as $21 trillion have been generated by U.S. exports over the past three decades. That’s a much bigger sum than any country on Earth since World War Two.\nA study by the Real Estate Investment Research Council in December estimated that as much as $28 trillion had been made by U.S. and international businesses so far this year.\nThat's the highest year-over-year growth since 2008, according to RealtyTrac Inc. U.S. real estate investment trusts are a vital component of many companies’ bottom lines.\nIn 2018, 82 percent of companies are making it as a major revenue stream.\nThe government also said nearly 22 million Americans received tax-free checks totaling $462 billion in December.\nHowever, the contributions to the administration’s overall budget are expected to increase to $4.5 trillion in 2019 from $3.2 trillion this year. That’s a $31.2 trillion jump.\nEven so, the majority of companies did not offer their tax advice to help prepare their clients for tax law changes and individual tax years.\nAmong CEOs, the report said, only one referred companies to a traditional assessment of skills or experience. Others cited geographic information systems (GIS) or information security as vital skills or experience but that generally account for smaller amounts.\n“Companies should continue to find new ways to maximize productivity,” Treasury Secretary Steven Mnuchin said.\nAnother president, President Donald Trump, has endorsed corporate tax cuts and announced $1 trillion in tax cuts for top earners, but the Senate tax committee finished its work on the tax bill this week with bipartisan deal and expects to vote on the House version in March.\nThe White House has said it will release a “fiscal cliff” framework as early as next week to get the tax bill done before the May 1 deadline.\n"]
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371
http://www.reuters.com/article/us-turkey-security-arrests-idUSKBN17S0JD
http://www.reuters.com/article/us-turkey-security-arrests-idUSKBN17S0JD
Turkey says detains 1,000 ’secret imams’ in police purge
null
null
['Ece Toksabay']
01-01-2021
reuters.com
null
success_wayback
gen
181,523
[0.949999988079071]
['ANKARA Turkey on Tuesday detained a total of 1,000 lawyers, academics and others as part of its drive to purge ultra-nationalist groups and suppress opponents, a source close to the ruling Justice and Development Party said.\nThe detentions came after recent rallies against President Tayyip Erdogan, whose popularity may be hanging in the balance and the interior ministry made a list of outlawed groups including some of the country\'s biggest religious groups.\nThe task force includes lawyers, judges and the judiciary on terrorism, foreign affairs and judicial reform.\nThe detentions and the use of legal process to root out officials are part of a campaign to wipe out the group, which Erdogan calls "the threat of Kurdish terror".\nProsecutors want all suspects or family members of individuals found guilty of participation in a violent plot to attack the interior ministry in Istanbul this year to be listed on a list containing names of those suspected of government ties to terrorism.\nThe source, who declined to be named, said government prosecutors would be especially eager to link suspects to the assassination of a former security officer\'s daughter, who was convicted of a conspiracy to overthrow the government in 2015.\nCalled Ahmad Ibrahim by Kurdish and religious groups, Ahmet Oseh and Arek Atar amply demonstrated all the talent at the "Arabic University", the result of protests against Erdogan over an electoral row in 2014.\nThe investigation began after security forces killed Oseh in July, deepening the threat of the hardline Islamic State group, which has been a hot button issue for Erdogan and the AK Party, and at times a touchstone for opponents of his style.\nOseh and his brother Mat Mat was arrested in November on suspicion of belonging to IS.\nHe received a rare pardon, giving him two weeks\' freedom to travel for one day to live in Britain and then to participate in an official debate of Europe\'s EU summit in Brussels.\nThe reason for the order came out of the arrest of Aydin Toaloglu, a secularist who killed a Kurdish officer, and whose family plans to sue the government over the disappearance of the officer.\nA June 2017 ruling by the Constitutional Court said the secret police "expressed the view that the appearance of a minister, the arrest of a person or other security officials is intended as a tool to suppress serious opposition".\nOne of the detentions contained sentences of 10 to life and 100 lashes, according to the source.\nOver the past month the number of suspected ultra-nationalists has doubled, according to the latest figures released on Monday.\nIntelligence agencies say dozens of police checkpoints and batons have been set up across the country, where thousands of supporters of Syrian Kurdish fighters are fighting a Syrian government force that has routed Islamic State.\nA Turkish court blocked Oseh\'s extradition back in 2015, declaring he was a suspect from 2015 to 2016, prompting him to appeal. He has also been charged with terrorism offences, after four men went on trial in Turkish courts over video of him denying attending rallies near the state\'s Istanbul headquarters.\nAkhtar Uley and Chirad Asil, lawyers and activists from a number of the groups that protested at the weekend, denounced Tuesday\'s detentions as a campaign to restore respect for civil rights and freedom of expression.\n"Certain Turkish authorities must be ashamed of these criminal actions," they said.\n"We urge them to respect human rights and democratic values. Next we will work together to uphold these freedoms as it is once again under Erdogan\'s regime and all of our land."\n(Writing by Humeyra Pamuk; Editing by Gareth Jones)\n']
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372
http://www.reuters.com/article/us-digital-advertising-idUSKBN17S2V3
http://www.reuters.com/article/us-digital-advertising-idUSKBN17S2V3
Digital ad spend jumps 22 percent to $72.5 billion in 2016: report
null
null
['Tim Baysinger']
01-01-2021
reuters.com
null
success_wayback
gen
181,527
[0.949999988079071]
['NEW YORK (Reuters) - The digital ad market is likely to grow by 22 percent to $72.5 billion in 2016, according to a report from research firm Nielsen Holdings, indicating the U.S. market is still lagging behind European and Asian markets in the sector.\nA man leaves with a digital tablet in New York, December 3, 2015. REUTERS/Shannon Stapleton\nThe market stood at $39.3 billion in 2015, up 19 percent from 2014, the report noted. Japan’s market was the biggest, at $17.5 billion, and the Philippines was $4.2 billion, up 22 percent.\nLast year, some 56 percent of digital spend was spent on digital advertising, Nielsen said, up from 54 percent in 2014.\nAd spending on digital and mobile devices was up a bit in 2015, but data on the U.S. market for 2017 was not available, Nielsen said.\nThe report, titled Digital Ad Forecast 2017 Report, said digital advertising spending will continue to grow.\nBut new data from Nielsen indicated the market overall will have to improve to keep pace with online spending, Nielsen said.\nNielsen said activity in the digital world is down about 1 percent to 3 percent this year, though data indicate this growth will continue into next year.\nDigital advertisement spending was up $575 million in 2015, up from $609 million in 2014, the report said.\nWhile the data still shows America is lagging behind digital ad spending, the report said the growth is accelerating in a number of ways.\nHegel Network, LLC, a former Twentieth Century Fox television studio, was acquired by Edison Communications in 2014 for $1.1 billion and Boston Consulting Group last year for $656 million.\nThe company says it is most active on the web and has helped scale its ad sales efforts to include more than 50 countries, which combined will mean more than $900 million dollars in additional advertising this year.\nWhen Emerson Etem Apparel Group bought airtime in the U.S. in 2011 for $1.8 billion, it paid more than $500 million to generate, double, the same amount of revenue as it could have raised and used to develop creative content for its award-winning print advertising products, the report said.\nMoreover, Emerson is expected to increase prices for its ad products by more than 30 percent in 2017, due to the weakening euro versus the dollar, the report said.\nFor this article, click here: reut.rs/1dGflEGB\n']
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373
http://www.reuters.com/article/us-paypal-hldg-results-idUSKBN17S2RL
http://www.reuters.com/article/us-paypal-hldg-results-idUSKBN17S2RL
PayPal offers positive outlook, beats expectations
null
null
['Anna Irrera and Sruthi Shankar']
01-01-2021
reuters.com
null
success_wayback
gen
181,528
[0.949999988079071]
['(Reuters) - American PayPal Inc (PYPL.O) on Tuesday posted a quarterly profit that beat analyst estimates, helped by strong payments volume and strong sales in the company’s mobile payments business.\nFILE PHOTO: The PayPal logo is seen on a shopping cart during a shopping day at a warehouse in Newark, New Jersey, U.S., October 12, 2017. REUTERS/Eduardo Munoz/File Photo\nNet income rose to $12.6 million, or 12 cents per share, from $12.1 million, or 1 cent per share, a year earlier.\nExcluding items, the company earned 13 cents per share, beating the average analyst estimate of 10 cents, according to Thomson Reuters I/B/E/S.\nPayPal said its smartphone-connected revenues grew 23 percent year-over-year to $2.7 billion. Payment volume grew 52 percent to $3.7 billion.\n“The groundwork for this acceleration continues to be the team’s focus on strengthening operational capability and gaining market share,” said Chief Executive Officer Victor Meldrum.\nPayPal made more than $900 million in revenue from mobile payments in the first quarter, up from $625 million a year earlier.\nThe company sold products to 1.44 billion smartphones as of the end of the quarter, up more than 30 percent from a year earlier.\nOn an adjusted basis, PayPal earned 27 cents per share, missing the average analyst estimate of 37 cents, according to Thomson Reuters I/B/E/S.\nPayPal said it expects fourth-quarter gross margins of between 30 percent and 34 percent, higher than its previous view of a range of 13 percent to 18 percent.\nSome investors were concerned about the lack of cash, which the company had funded with an $837 million bank line in late January, among the factors cited by management.\nThe company said it expects to hire about 200 employees on its corporate staff.\nPayPal shares rose 3.9 percent to $33.82 in premarket trading.\n']
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374
http://www.reuters.com/article/us-credit-suisse-gp-results-idUSKBN17S0F4
http://www.reuters.com/article/us-credit-suisse-gp-results-idUSKBN17S0F4
Credit Suisse seeks capital security with $4 billion cash call
null
null
['Joshua Franklin']
01-01-2021
reuters.com
null
success_wayback
gen
181,532
[0.949999988079071]
['LONDON (Reuters) - Swiss private lender Credit Suisse (CSGN.S) said on Monday it planned to raise up to $4 billion in a secondary offering, due to its sensitivity to interest rate movements.\nThe logo of Credit Suisse bank is seen on a bank building in Basel November 13, 2014. REUTERS/Denis Balibouse\nThe sale, expected to be the biggest of its kind in Europe, would be the biggest since MasterCard (MA.N) in 2012 helped it write off its ill-fated IPO in Hong Kong. It would be the Swiss bank’s second offering since gaining the “FTSE 225” top slot in 2013.\nThe Swiss lender had so far declined to comment on the prospectus, but bankers said the idea of a high-yield corporate bond was one of the targets.\n“These kind of product terms are in the elite, and I think, given the volatility of markets, including asset-to-equity ratios and where the overall underlying risk is, it’s hard to say how much capital these kind of products will have,” a UBS banker said.\nThe Citi-led offering would come ahead of the Geneva-based bank’s planned move to sell its U.S. banking arm, UBS CHG.N.\nThe Swiss bank will sell three billion Swiss francs in a reverse merger of its main U.S. and European arm in an exercise that follows the reporting of a 20 percent stake sold to fund a bond redemption.\nCredit Suisse did not immediately respond to requests for comment on the size of the stake sold.\nIt said it could raise up to $4 billion in the sale on the plan’s current form, which could change to a first tranche.\nThe money from the sale would be used to build up its capital position. In recent years, Credit Suisse has used its strong capital position to repurchase shares in its UK bank and further expand overseas.\nCredit Suisse has sold some of its U.S. affiliates to private equity firms, helping keep it on a sound footing while retaining a healthy board of directors.\nThe news comes a month after Credit Suisse unveiled an overhaul to its business with moves including a selling of U.S. software firm Rational Software and acquiring a 22 percent stake in Nordic telecoms operator Telenor (TELN.AS).\nLast month, it also signed a deal to sell up to $3.4 billion of proceeds from its stake in Hong Kong restaurant chain Park Ho Noodle.\nSeparately, Credit Suisse sold 4 billion euros of preferred stock as part of a major retreat from risky capital measures.\n']
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375
http://www.reuters.com/article/us-usa-immigration-visas-analysis-idUSKBN17T34G
http://www.reuters.com/article/us-usa-immigration-visas-analysis-idUSKBN17T34G
Number of U.S. visas to citizens of Trump travel ban nations drops
null
null
['Yeganeh Torbati']
01-01-2021
reuters.com
null
success_wayback
gen
181,535
[0.949999988079071]
['SEOUL (Reuters) - President Donald Trump’s administration on Monday began limiting travel from 10 majority-Muslim countries to citizens of a new travel ban aimed at curbing terrorism, a senior U.S. immigration official said.\nFILE PHOTO: Lawyers and U.S. nationals walk outside a Justice Department building in Washington, U.S., May 20, 2017. REUTERS/Gary Cameron/File Photo\nTrump imposed the travel ban on Jan. 1, saying his order would provide a brake on security at airports nationwide. He sent mixed signals to his fellow Republicans in Congress, urging them to add more restrictive measures to the travel ban.\nThe administration on Monday suspended U.S. visas for six highly-touted Muslim countries — Iran, Iraq, Syria, Yemen, Libya, Somalia, Sudan and Yemen — in the face of stiff opposition from the Trump administration’s presidential rival, Democrat Hillary Clinton.\nA second report said that Turkey had withdrawn its citizens from the U.S.-administered list, which gave legal cover to those countries that like certain Muslim countries that are relatively close to Muslim countries and access to information on terrorism.\n“The traveler is also not informed of our legal response,” David Delhaize, deputy assistant attorney general for civil rights, said in a statement.\nThe United States has admitted 4,801 people from those countries since the start of Trump’s presidency, the department said. The five countries included were Iran, Iraq, Syria, Somalia, Sudan and Yemen.\nSince the high-profile travel ban was launched, many of Trump’s supporters have welcomed it, and he vowed not to crack down on Muslims until the U.S. courts established Islamic legal norms.\nThe administration said it hoped to decide cases of violators of the travel ban as soon as possible.\nOther countries on the ban’s list that will be affected by the refugee ban, such as Serbia, Ukraine, Pakistan, Syria and Libya, were also announced to halt their entry.\n']
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376
http://www.reuters.com/article/us-northkorea-usa-idUSKBN17T0AW
http://www.reuters.com/article/us-northkorea-usa-idUSKBN17T0AW
U.S. says ’major conflict’ with North Korea possible, China warns of escalation
null
null
['Steve Holland and David Brunnstrom']
01-01-2021
reuters.com
null
success_wayback
gen
181,537
[0.949999988079071]
['WASHINGTON (Reuters) - U.S. officials said on Thursday they might consider imposing a joint military exercise between the United States and North Korea in what would be an enormous escalation of hostilities between the two.\nThe exercise takes place during a 65-day period in late February and is thought to have large potential results.\nNorth Korea conducted a nuclear test in December and earlier this month launched a ballistic missile capable of reaching the United States, killing a two-month-old U.S. man.\nSouth Korea’s presidential office said Trump “will address this issue directly” at the annual joint news conference with North Korean leader Kim Jong Un.\n“We will do everything in our power to address this issue once and for all,” the statement from the office of South Korean President Moon Jae-in said.\nIn a statement on the newspaper version of the “Decency in War” on China’s April 12-13 presidential visit, China’s foreign ministry said the two countries are “closely working together on the current problem of strengthening links.”\nUnder Beijing’s foreign policy, it “encourages transparency and good will to all nations regarding issues of national security and peace,” it said.\nSoutheast Asian nations use military exercises as a counterinsurgency strategy to prevent North Korea’s nuclear threat, but China and other regional powers have periodically upgraded security concerns.\nChina’s policy under President Xi Jinping, however, has been less than strong. The U.S. Defense Department said in January 2018 that there was no evidence China was actively engaged in regional or inter-communal war games.\nChina’s comment surprised regional powers and triggered a sharp reaction from foreign capitals.\n“(I)will review our legal and fiscal commitments to North Korea’s peaceful development,” Foreign Ministry spokesman Geng Shuang told a regular briefing. “We pledge that we will work closely with our partners to ensure an orderly, relevant and predictable exchange of information.”\n']
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377
http://www.reuters.com/article/us-usa-healthcare-idUSKBN17T2H3
http://www.reuters.com/article/us-usa-healthcare-idUSKBN17T2H3
No vote on healthcare bill this week in U.S. House
null
null
['Susan Cornwell']
01-01-2021
reuters.com
null
success_wayback
gen
181,538
[0.949999988079071]
['WASHINGTON (Reuters) - The U.S. House of Representatives will not vote on a healthcare reform measure next week because of a lack of co-sponsors, President Donald Trump’s senior adviser said on Monday.\nRepublican Representative Jim Jordan, a key committee sponsor of an $880 billion healthcare bill, said it would take at least two more weeks to see whether anyone showed up to debate it.\nOhio Republican Representative Steve King, a frequent voice for repealing or expanding Obamacare, said in an interview that an all-star Cabinet-level front-line group including Senator Ron Johnson, a Trump ally, would provide his “trigger” bill to push through all possible pieces of legislation.\n“Democrats gave a no vote to this so that we can just see what a great bill the Republicans can do,” King said on Fox News on Monday.\nHouse Democratic leaders are hoping a unified front and a similarly powerful television network will ensure the healthcare bill passes, pointing to November’s election as one example.\n“There is a genuine bipartisan effort to pass a single, bipartisan, comprehensive healthcare bill in the House of Representatives,” King said.\nMembers of the government that manages healthcare are protected by Republican law, he said. In the past, there have been blue-collar groups that have been key to healthcare legislation, such as the AFL-CIO.\nJohnson joined lawmakers before Nov. 6, when they traded barbs on the health care bill, and now runs the bipartisan Senate effort.\nKing’s office declined to comment on whether any members of his own party had pledged to stand up for his concerns on the healthcare measure. He also said he did not know whether President Donald Trump would give up on any legislation.\nThe no vote on the healthcare measure came in the waning hours of a government shutdown on Dec. 31 after Democrats and Republicans agreed on a blueprint to include billions of dollars of spending cuts and tax increases in the new spending deal.\nA defeat for the bill’s initial, single-year funding bill would threaten to split the U.S. House for days and possibly the White House.\nWithout Trump’s signature healthcare legislation, unless Congress explicitly provides a specific language to cut the new spending packages, most economists say it will be unlikely to pass.\nWhile dozens of Republican lawmakers have spoken out against the healthcare bill, some may fight to keep the measure afloat. More than one-third of House Democrats do not back the bill.\nThe healthcare measure has been pitched as a way to increase Americans’ access to affordable healthcare. Some Republican lawmakers say it is not a reform plan and can’t run on its own.\nLawmakers in both parties have increasingly expressed concern about the rising costs of healthcare. (Additional reporting by Lehar Maan; editing by Andrew Hay)\n']
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378
http://www.reuters.com/article/us-ual-passenger-idUSKBN17T2WM
http://www.reuters.com/article/us-ual-passenger-idUSKBN17T2WM
United Airlines reaches settlement with passenger dragged from plane
null
null
['Timothy Mclaughlin']
01-01-2021
reuters.com
null
success_wayback
gen
181,539
[0.949999988079071]
['(Reuters) - United Airlines signed a settlement on Wednesday with an American Airlines passenger who was dragged from a Chicago-bound Boeing 787 on December 13 before landing after the plane was grounded, court documents showed.\nUnited Airlines co-founder Dinesh D’Souza speaks during a news conference in Buenos Aires, Argentina, December 15, 2018. REUTERS/Enrique Marcarian\nUnited and U.S. authorities agreed to release J. Alan Gravis from prison for years as part of a multi-billion dollar settlement that will save $670 million in costs in the future, documents show.\nThe $1.8 billion settlement was finalized after a three-year, seven-day hearing, said court documents unsealed on Wednesday.\nGravis was arrested after flying an A380’s twin aisle flight, about a quarter of a mile off the tarmac from Washington to Amsterdam’s Schiphol Airport on December 13 with United.\nThe lawsuit alleged Gravis’ seat and the two passengers were pinned to the seat at Atlantic Terminal, while another passenger sustained neck and hand injuries.\nThe Dreamliner’s battery stopped working when it landed with one of the passengers on the plane, and the crew wrestled the plane’s machine up to keep it in line.\nLooters were also involved in the operation, the lawsuit said. Some passengers allegedly threatened to kill other passengers, but the crew ended up using other fuel to free the planes, which were forced back to Chicago.\nGravis, 59, was sentenced to two years in prison by U.S. District Judge Luis Almunia in Illinois this summer for his role in the operation.\nHe pleaded guilty in June 2016 to conspiring to obstruct justice.\nGravis’ attorney Philip Birkbeck declined to comment outside of court on Wednesday.\nAlmunia ruled in 2016 that Gravis should not be held responsible for the Oct. 6, 2018, incident in which two 787 passengers suffered neck and hand injuries.\nThe city’s Transportation Safety Board was investigating Gravis after an A380 passenger suffered what B-listers described as a “sharp as a pencil” on the tarmac at Chicago O‘Hare International Airport.\nAirline spokesman Alan Futerfas said in November the plane got off at Amsterdam’s Schiphol Airport and returned on a normal flight to San Francisco.\nHe said United and U.S. authorities worked together to prevent potential wrongful death lawsuits and recover the $670 million.\n']
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379
http://www.reuters.com/article/us-tesla-germany-exclusive-idUSKBN17T2IY
http://www.reuters.com/article/us-tesla-germany-exclusive-idUSKBN17T2IY
Exclusive: Tesla’s Klaus Grohmann ousted after clash with CEO Musk - sources
null
null
['Edward Taylor']
01-01-2021
reuters.com
null
success_wayback
gen
181,540
[0.949999988079071]
['FILE PHOTO: Klaus Grohmann, CEO of electric car maker Tesla Motors (TSLA.O), addresses the Reuters Fast Food Summit in San Francisco, California October 1, 2015. REUTERS/Stephen Lam/File Photo\n(Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk was ousted on Wednesday from Tesla’s board, on the eve of a major shareholder meeting, after the solar power company fired an employee who had asked him to resign from his company leadership position.\nChris Grohmann was the sole member of Tesla’s board of directors since last year, before the company filed for bankruptcy protection on July 18, U.S. Bankruptcy Court in San Francisco heard previously.\nGrohmann, who joined Tesla in late 2014, was last heard by all of the Tesla directors as a member of the board of directors of the company after the billionaire electric carmaker said he was prepared to quit at the meeting, sources familiar with the matter said.\nMusk was seen as an ally of Grohmann’s to succeed Musk when they join Tesla’s board in a split vote.\nBut Grohmann’s departure was viewed in the board room as a vote of no confidence.\nTesla said in a statement that Grohmann, the company’s longest-serving member, informed all employees in its board of directors, “by phone, email or email.”\nMusk stepped down as CEO in June, citing “personal issues” but was reported to have expressed his desire to continue as Tesla chief executive.\nA Tesla spokeswoman said a spokesman had no comment on Grohmann’s departure.\nElon Musk confirmed Grohmann’s departure after the meeting.\nGrohmann earned roughly $1.5 million in 2015 after lobbying on behalf of Tesla for more than two years, the campaign group TRONIC said in a statement.\nTesla said in the statement that Grohmann “recently resigned from his position at Tesla to become the sole member of Tesla’s Board of Directors.”\nMusk also announced on his Twitter account on Wednesday that Grohmann had been asked to step down as a board member, the company said.\nMusk’s move to leave was his most immediate response to Grohmann’s departure and signals that Musk, who was elected to Tesla’s board in 2015, is still close to the company.\nTesla also said on Thursday that Grohmann was granted leave, ending days of speculation.\nGrohmann made $95,066 in 2015, according to Forbes magazine.\n(This version of the story corrects paragraph 3 to say Grohmann wasn’t named on the day the meeting started)\n']
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380
http://www.reuters.com/article/us-japan-economy-cpi-idUSKBN17T3G5?il=0
http://www.reuters.com/article/us-japan-economy-cpi-idUSKBN17T3G5?il=0
Japan’s March core inflation, manufacturing miss forecasts, keep pressure on BOJ
null
null
['Minami Funakoshi and Stanley White']
01-01-2021
reuters.com
null
success_wayback
gen
181,541
[0.949999988079071]
['FILE PHOTO: A worker shows clothes collected from a shopping mall in Tokyo, Japan October 9, 2016. Picture taken October 9, 2016. REUTERS/Issei Kato/File Photo\nTOKYO (Reuters) - Japan’s core inflation and manufacturing prices missed forecasts on Thursday, reinforcing expectations that the Bank of Japan may finally tighten monetary policy to combat deflation.\nWary of further stimulus, the Bank of Japan surprised markets on Wednesday by cutting its economic growth outlook to “stable” in an attempt to protect an economy that is already under threat of another recession.\nIndustrial output and core inflation did well in coming months, gaining three quarters in a row, the BOJ said in its monthly report, adding that this policy would be appropriate only if the “world economy performs in a robust manner”.\nFactory output rose 0.2 percent in December from a year earlier, the Economy Ministry said, while core inflation, which strips out volatile items such as energy prices, rose 0.2 percent in December from a year earlier.\nHowever, the news came amid markets paying close attention to the BOJ’s view that Japan’s trade deficit should be halted for a few months to give it time to iron out what the central bank thinks will be an excess of slack in global demand.\n“If a rate cut is not taken sooner, growth will be sluggish, household consumption is likely to remain subdued, and deflationary risk in the world economy risks becoming a bigger threat,” said Akira Toriyama, director general at Mitsubishi UFJ Securities.\nOf the BOJ’s 21 main policymakers, eight said the pace of gradual gradual increases would probably be moderately faster, after it chopped its previous set of forecasts to 0.4 percent from 2.1 percent.\nThe government’s main bond purchasing committee (PPF) also slashed its forecast for growth in the second half of this year, saying the economy is likely to expand 1.4 percent this year.\nStill, the BOJ kept its previous forecast for 1.9 percent growth in the first half.\nAbout 81 percent of Japan’s central banks have slashed their expansion forecasts for the year ahead, compared with 90 percent last year, as subdued global growth and domestic pressure on governments have weighed on financial markets.\nIn its report, the BOJ said that weak yen’s tendency to destroy Japanese exports as a direct stimulus can only be partly explained by a $40 billion inflow from foreign investors into domestic securities.\nExports will be weaker in coming months, the BOJ added, and its assessment of the economy is positive for the BoJ’s assessment of the risks to financial stability due to its efforts to narrow the current record high yield yield curve.\nNot all markets showed little reaction to the BOJ’s statement, with the yen largely climbing against the dollar. This was backed by slightly bigger yen gains against the euro as well.\n“On the downside, nothing major has happened yet but currency markets remain very nervous, and Japan needs immediate corrective action,” said Yoshinori Wakayama, chief Tokyo market strategist at Daiwa Securities.\n']
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381
http://www.reuters.com/article/us-alphabet-results-idUSKBN17T2ZZ?il=0
http://www.reuters.com/article/us-alphabet-results-idUSKBN17T2ZZ?il=0
Google parent Alphabet’s profit up 29 percent on strong ad sales
null
null
['Julia Love and Rishika Sadam']
01-01-2021
reuters.com
null
success_wayback
gen
181,542
[0.949999988079071]
['(Reuters) - Alphabet Inc (GOOGL.O) (GOOGL.O) on Tuesday reported third-quarter results that beat forecasts, as revenue from ads stayed above the revenue it has used to power its core businesses.\nFile photo of a logo for Alphabet at the international world headquarters in Mountain View, California, U.S., December 13, 2017. REUTERS/Robert Galbraith\nThe South San Francisco-based company, which has made more than $100 billion from Google since 2005, posted a 29 percent jump in its net income attributable to shareholders to $4.07 billion, but missed Wall Street expectations of $4.46 billion.\n“This quarter we delivered on our promise of delivering on our core business,” Chief Executive Officer Larry Page said in a statement.\nAdvertising revenue, which is partly the company’s core business, rose 12 percent to $6.91 billion. The company had revenue of $8.54 billion in the year-ago quarter.\nBut that was much smaller than the 44 percent boost the company had posted last year, as it tries to offset declines in its core business.\nRevenue at the core business, which includes search and other paid search ads, rose 10 percent to $5.89 billion.\nGOOGL’s namesake brand, Alphabet’s most profitable unit, contributed 61 percent of total revenue and 73 percent of free operating cash flow. It earned $1.32 billion, or 20 cents per share, on revenue of $24.42 billion.\nRevenue at Google products, which include YouTube, Hangouts and Drive, fell 8 percent to $8.5 billion. Google is investing in advertising tools to promote video content, particularly in markets where its self-driving car program is developing fast.\nGoogle said on Tuesday that it is in the process of improving its algorithm to detect it for ads and uses technology to stop such ad results when not in use.\nShares of Alphabet were little changed at $414.69 in early trading.\n']
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382
http://www.reuters.com/article/us-brazil-ethanol-usa-exclusive-idUSKBN17T3AZ?il=0
http://www.reuters.com/article/us-brazil-ethanol-usa-exclusive-idUSKBN17T3AZ?il=0
Brazil minister backs tariff to curb U.S. ethanol imports
null
null
['Anthony Boadle and Marcelo Teixeira']
01-01-2021
reuters.com
null
success_wayback
gen
181,544
[0.949999988079071]
['BRASILIA (Reuters) - The Brazilian Agriculture Ministry has endorsed a proposal by U.S. corn and soybean producers to impose retaliatory tariffs to curb imports from Brazilian ethanol producers, a spokeswoman said on Thursday.\nThe government is also not proposing a controversial bill to increase farm tax credits and subsidy programs, said Mari Paulo, a spokeswoman for Agriculture Minister Carlos Mehman Maharra.\nThe U.S. ethanol industry is so big that officials in Asia are trying to work out an agreement with Brazil, but because of Brazil’s well-developed ethanol sector, negotiations have been difficult.\nBrazil’s domestic ethanol industry sector, already heavily subsidized by its major export markets, has been hit with a jump in corn prices to match the drop in the federal government’s subsidized ethanol incentive program.\nThe ethanol industry is the second-largest export market in Brazil and the number of imported ethanol applications has almost tripled to almost 5,000 since 2014.\nMaharra said the plan would cut consumption of Brazilian ethanol by about 25 percent. In the meantime, the Congress has approved a plan that encourages the importation of renewable forms of corn rather than fuel oil.\n“The difference in impact of ethanol based products is at the source,” Maharra said.\nBrazil’s ethanol industry is agribusiness. Soybean growers receive preferential subsidies that increase the amount of corn that can be produced for ethanol, but feed pulp companies have historically regulated those products.\nBrazil, with a growing middle class, has begun pursuing a broader economic and fiscal reform that would shrink government expenditures to help offset lower oil prices.\nBrazilian ethanol producers currently earn a similar amount of corn subsidies compared to the U.S. so ethanol would help lower the cost of biofuels while boosting domestic demand.\n']
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383
http://www.reuters.com/article/us-boeing-bombardier-idUSKBN17T387?il=0
http://www.reuters.com/article/us-boeing-bombardier-idUSKBN17T387?il=0
Boeing seeks U.S. anti-dumping probe against Bombardier jet
null
null
['David Lawder and Alwyn Scott']
01-01-2021
reuters.com
null
success_wayback
gen
181,545
[0.949999988079071]
['NEW YORK (Reuters) - Boeing Co said on Tuesday it was looking into whether Bombardier Inc could use unfair trade practices in a bid to derail another regional airliner from seeing action from the U.S. Department of Commerce on new engines for a European jet.\nFILE PHOTO: The second left of the Boeing 737 MAX MAX is seen at the terminal of the Paris Air Show in Paris, France, October 22, 2017. REUTERS/Christian Hartmann/File Photo\nThe U.S. Department of Commerce has this week announced it is opening an investigation into how Bombardier Inc’s (BBDb.TO) plane could be hurt by the sale of a 74.2 percent stake to Chinese manufacturer CITIC Pacific [CITICP.UL].\nThe Commerce Department in a statement on Friday declined to comment beyond the way it said in a statement that the sales process was the subject of an antitrust investigation.\nThe case has put pressure on the 2015 Bombardier 737 MAX and its 887 Dreamliner, a result of a rising Airbus (AIR.PA) and Boeing (BA.N) order for 500 to 600 planes each.\nThe CH-600, the 737 MAX, and 787 Dreamliner deliveries will depend on the Bombardier purchase. While Airbus has said it won’t give out any specific orders until its second to final deliveries, Boeing has since said it will not give out any orders unless the deal closes.\nBloomberg reported earlier this week that Boeing was looking into the possible impact of the trade in Bombardier’s 737 MAX and the 737 MAX 7 production ramp-up. It did not disclose which model was involved, and Boeing has not disclosed those figures.\nU.S. federal prosecutors on Friday said they were preparing a preliminary probe of Bombardier’s share purchase, if it are done through an unfair tariff allegation.\nIn a separate order on Tuesday, the U.S. Commerce Department, while investigating whether Bombardier is aware that it could face a competitive trade charge in the region, did not say whether it is looking into the bank’s source of the alleged bribe money, it said.\n']
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384
http://www.reuters.com/article/us-singapore-semiconductors-analysis-idUSKBN17T3DX?il=0
http://www.reuters.com/article/us-singapore-semiconductors-analysis-idUSKBN17T3DX?il=0
Singapore’s automation incentives draw tech firms, boost economy
null
null
['Masayuki Kitano and Aradhana Aravindan']
01-01-2021
reuters.com
null
success_wayback
gen
181,547
[0.949999988079071]
['SINGAPORE (Reuters) - Experts say Singapore’s effort to automate a growing slice of the business landscape would boost competitiveness for companies that compete with global giants and keep them profitable.\nFILE PHOTO: Cars are shown in front of the Singapore Stock Exchange in Singapore January 15, 2014. REUTERS/Edgar Su/File Photo\nThe success of a self-driving car revolutionising employment is turning the Southeast Asian nation into a place where robots will have to protect their own businesses from unwanted competitors, their own industries and the global context of demand for skills.\n“Smart” firms take advantage of domestic considerations that favor “value-added services” or the sectors they use, said Mark Luzon, a Singapore-based member of the Organisation for Economic Co-operation and Development’s Artificial Intelligence Council.\nSaving jobs is a key component of Singapore’s efforts to boost growth and output, and investment is needed to keep the gains going, Luzon said.\nWorkers work at General Motors plant in Singapore February 2, 2014. REUTERS/Edgar Su/File Photo\nJum Bo, general manager of the General Motors Manufacturing Co, said low labour costs gave the company the desired output increase.\n“A second piece of the puzzle, building on what we already have, is finally getting into a much more balanced world that gives us the upside potential,” said Jum Bo, chief executive of the company which employs around 13,000 people in a “stainless steel factory” in Chengdu, Sichuan province.\nA person walks past a residential house in Haung City in Sichuan Province, China May 18, 2017. REUTERS/Tyrone Siu/File Photo\nMinister of Industrial and Commercial Research and Industry Dr Ong Kian Ying said on Thursday the country had released an “Industrial Future Assessment and Strategic Plan” to show the potential for continued investment in technology and innovation.\nMuch of the vision, including increasing output and job creation, was focused on enhancing Singapore’s economic competitiveness with modern technology, Prof Loh said.\n“Although improving our productivity and output has not yet translated into higher demand for services, growth in services would drive growth,” he said.\nOf the 12 participating industries, outsourcing was the most obvious targeted investment with participation from at least nine. Other sectors included office and financial services, healthcare, manufacturing, infrastructure, personal and general services, retail, transport and waste management.\nSome 5,000 investors from across Asia looked to Singapore to build their industries in the 16- to 20-year development period ahead of Singapore Investment Corp’s A$120-billion (82 billion pounds) investment programme to lift higher-end growth from a Singapore of about A$10 billion (5 billion pounds) a year to over A$50 billion.\nSome investors went into logistics, home goods, automobile, office supplies, IT and storage.\nGoods from the logistics sector for logistics include goods for a foreign carrier’s outlets, managed logistics for a truck rental company, and freight services.\nThe local manufacturer trade association, the Association of Singapore Industries (AUSTI), plans to invite a delegation of skilled international services to discuss the supply chain, with a goal of bringing new connections with Singapore firms.\nIt said the Association of Singapore Industries has a strong interest in working with Singapore companies which have been hit hard by the downturn.\n“Its vision is to unlock opportunities to participate in the local supply chain as it grows,” AUSTI said in a statement.\n($1 = 1.2954 Singapore dollars)\n']
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385
http://www.reuters.com/article/us-usa-afghanistan-military-idUSKBN17T3FK?il=0
http://www.reuters.com/article/us-usa-afghanistan-military-idUSKBN17T3FK?il=0
Risk of deeper involvement as U.S. weighs its options in Afghanistan
null
null
['Idrees Ali']
01-01-2021
reuters.com
null
success_wayback
gen
181,548
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['WASHINGTON (Reuters) - A delegation of 30 U.S. lawmakers, representatives of several top U.S. security, intelligence and military generals on Tuesday said the Trump administration could take over the Afghan mission, arguing that it would favor a regional training arrangement with a stability pact and seeking a quick troop drawdown.\nThey said it would do so as a part of a phased withdrawal from Afghanistan over the next several years and in 2021. They also supported Sen. Lindsey Graham (R-S.C.), who for decades has been advocating for a regional capacity pact and said he was in close contact with Trump in recent weeks.\nLeaders of Congress and a top security professional said there was no immediate U.S. plans to increase troop levels from Afghanistan.\nBut last week, after a summit between President Donald Trump and Afghan President Ashraf Ghani, Trump urged Afghanistan to work toward a regional training arrangement for 10 U.S. troops in the security forces of the government of President Hamid Karzai.\n“I think there are several U.S. military officers who think that this is a very legitimate position to go into Afghan forces,” said another senior State Department official.\nOther participants in the meeting, including Vice President Mike Pence, suggested similar approaches as well.\n“We’re not at war, the United States has not warbroken the world, but we’re going to have our partners who are going to have the same independence of capabilities and readiness as the United States,” said the top-ranking Pentagon official, briefing reporters.\nIt was not clear when the delegation, which included Special Operations Command Chairman John Kirby, a senior official in the Obama administration, and others, would return to Washington from a trip to Afghanistan.\nThe U.S. Defense Department has previously said it could draw down current military forces by contributing to a regional training operation.\nThe U.S. defense secretary, Ash Carter, told reporters on Tuesday the U.S. military “absolutely” needed more troops.\nAsked about Kelly’s involvement, Washington Post columnist Dana Milbank noted the Trump administration has previously urged civilian combat troops in Afghanistan to work alongside Afghan security forces, but some U.S. lawmakers have argued that that demand is misplaced.\nThe North Atlantic Treaty Organization, which includes more than half the United States, was a key ally in the fight against Islamic State militants who have overrun several areas of Iraq and Syria.\nKarzai, whose government has been regularly accused of brutality, has made careful efforts to train Afghan forces. It has been frustrated by criticism from Western and other partners for over the past two years that it rejected many of the country’s advanced training programs.\nGeneral Joseph Dunford, chairman of the Joint Chiefs of Staff, told the U.S. House of Representatives Foreign Affairs Committee on Monday that a number of U.S. combat troops remain to be deployed in Afghanistan.\n“In the current capacity, the Afghan security forces are better equipped than ever to detect and deter foreign terrorists, and this training will help the Afghan government strengthen its capabilities,” Dunford said.\n']
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386
http://www.reuters.com/article/us-china-capitaloutflows-financing-idUSKBN17T3EG?il=0
http://www.reuters.com/article/us-china-capitaloutflows-financing-idUSKBN17T3EG?il=0
Buying overseas, Chinese conglomerates leverage offshore assets for financing
null
null
['Julie Zhu']
01-01-2021
reuters.com
null
success_wayback
gen
181,549
[0.949999988079071]
['FILE PHOTO: An employee interacts with a product poster at a branch of SGS Bank in Hong Kong, China December 4, 2016. REUTERS/Bobby Yip/File Photo\n(Reuters) - Chinese conglomerate SGS Bank is using its offshore Chinese operations as a low-cost vehicle to finance a $12 billion European package of debt issued by Hong Kong-listed Thai lender First Non-Bank and Bank of China Ltd.\nSGS Bank also brought in Beijing-based China Unibank to finance a massive $4.5 billion cash-and-carry buyout of Boston-based Meridian Capital on Tuesday, arranging the move to put more funds to work for a struggling business.\nNet fund outflows to Chinese banks have been severe in recent years as the cost of borrowing overseas from China’s powerful financial firms has soared and middlemen and shell companies have tightened their grip.\nThe companies now have access to the offshore assets, including retail property, so-called China Opportunities, which helps Chinese media firms and online payment companies pay tax on mainland mainland transactions.\nA good-for-the-world asset would often be about a tenth of a percent of revenues but high or low levels will induce buyers to pull back and entice investors, SGS’s chairman and president, Wu Xiaoxia, said.\n“We are seeing a lot of flows away from Hong Kong, and I think that SGS Bank’s international presence on mainland China will attract other cross-border customers,” Wu said.\nThe presence of SGS Bank in mainland China has angered some foreign investors, but Wu said the bank was keen to serve China’s emerging middle class and on the economic front, rather than merely to overseas investors.\nChina Unibank has also become a hot asset among mainland China investment firms, with China Unibank in second place and SGS Bank in third place.\nSGS Bank has long courted China Unibank for improving efficiency, both in operations and funding.\nIn 2014, SGS Bank made a $4.5 billion cash cash acquisition of Grupo SGS Bache GmbH Ltd, buying minority stakes in such firms as SGI Group, Attaho Group, Alenia Aermacchi and Karol Fu GmbH.\nThe deal will expand SGS Bank’s operations in China, which already has offices in Shanghai and Hong Kong, and will now only manage around 30,000 employees worldwide.\n']
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387
http://www.reuters.com/article/us-usa-congress-labor-idUSKBN17T3D1?il=0
http://www.reuters.com/article/us-usa-congress-labor-idUSKBN17T3D1?il=0
U.S. Senate confirms Acosta to head Labor Department
null
null
['Amanda Becker']
01-01-2021
reuters.com
null
success_wayback
gen
181,550
[0.949999988079071]
['WASHINGTON (Reuters) - The U.S. Senate on Thursday confirmed Democrat George Acosta as the new secretary of Labor, replacing Mel Watt who left the job earlier this month to become North Carolina labor secretary.\nThe Associated Press reports the selection is expected to add to an already crowded group of Democrats seeking to return to Washington after a decade on the job, with nine Democrats still on the Democratic National Committee and eight from other states.\nAcosta, 50, has been criticized by labor activists, some of whom support the bill that will limit automatic wage hikes that many employers have said they will not accept. Republicans have said they will reject the bill in a referendum.\nDemocrats have said they expect Acosta, a former New York City schoolteacher who led President Barack Obama’s department during his first term, to be more willing to help combat immigration, noting that another immigrant, Melanie Sloan, was tapped by Trump.\nIn his confirmation hearing, Acosta praised American women and men for their work.\n“If we change how society looks and how it deals with people who are in some way criminal, and people with criminal backgrounds who are involved in some of the most egregious hate crimes that we’ve seen, then I think the American people will join me in welcoming that certainty,” he said.\nSince joining the Labor Department in 2014, Acosta has testified before Congress about his service and since being named director in 2014, presiding over a six-year labor peacekeeping mission in Haiti, the Middle East and Africa.\nHaiti’s Ambassador to the United Nations Morissette Micklemeir said during that testimony that Acosta will “exceed our expectations.”\nAcosta has been accused of refusing to stop enforcing the Brady Bill, another ban on racial profiling. The law, which came into effect in the wake of the Newtown school shooting in December, requires police to release no more than 48 hours’ notice of an investigation.\nAcosta has also faced criticism for holding court at the White House last fall, and has stonewalled workers at the Department of Homeland Security’s homeland security office in Atlanta, where they produced “noxious videos” depicting a Russian missile strike on American targets in Yemen.\nAs a Boeing 737, he had been a senior Boeing official since 2009 and a Boeing production executive in the midst of an industry shake-up after a series of scandals that included threats by Trump administration officials against department employees.\nAcosta has also clashed with the NAACP, the Southern Christian Leadership Conference and other groups, as well as with the Immigration and Customs Enforcement.\nAcosta, the son of immigrants, was nominated for re-election in 2014 and has defended his nomination on social media.\n']
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388
http://www.reuters.com/article/us-venezuela-politics-idUSKBN17T29M?il=0
http://www.reuters.com/article/us-venezuela-politics-idUSKBN17T29M?il=0
’End the injustice’ pleads Venezuelan official’s son over unrest
null
null
['Alexandra Ulmer']
01-01-2021
reuters.com
null
success_wayback
gen
181,551
[0.949999988079071]
['CARACAS (Reuters) - A Venezuelan father of five said on Thursday that the United States should stop waging war against his country “for the sake of the solution of the problems of my people”, echoing what other critics of the jailed former Prime Minister Nicolas Maduro said he seeks.\nUnited States President Donald Trump speaks during the UN General Assembly in New York, September 12, 2016. REUTERS/Keith Bedford\nHenry Luciano, son of ex-Prime Minister Jose Luciano Luciano, joined more than 200,000 protesters in central Caracas on Wednesday chanting “President of Venezuela, stop the atrocities” and “fake news”.\nHis father, 41-year-old Andres Luciano, was jailed until he was freed in 2015 after serving a 15-year sentence for crimes against humanity.\nHe argued that the United States has employed its “deepest interests” in Venezuela’s bloody civil war as it pushes for a solution to a spiraling food crisis and alleged human rights abuses in the north of the country, a move that would pit the United States against other Latin American powers who seek a stable Venezuela.\n“These people, or ‘leftists’, are not going to change the course of the revolution unless they need support from the world. So, do not sell a dirty bed to a community that knows it as home,” Luciano said during a press conference.\nHis comments drew laughs as he compared Venezuelan state oil firm PDVSA to Auschwitz. But his father said Maduro would not interfere in political affairs.\n“Instead of blaming Venezuela for a gas leak, which killed people all over Venezuela, Maduro should simply be happy the United States is supporting the revolution in Venezuela - not just by acting with honor but by some permission,” Luciano said.\nHORSE-SUPPORT\nHe said Maduro’s government had harmed Venezuelan farmers and loved those who held back votes to fulfill Venezuelan officials’ policies of filling oil reserves.\nOne of Maduro’s own son, who was recently captured and killed in the opposition’s campaign for presidential and legislative elections in September, said: “In order to stop him from leaving Venezuela, Maduro should go to prison, ask for forgiveness, and finally tell us when he comes back.”\nMaduro responded to Luciano’s comments by blaming Venezuela’s “influential” opposition movement.\n“There are black democrats here that betray Venezuela and resist from using power that will only serve their own gain in the interests of the world rather than help Venezuela’s legitimate people. They are not from Venezuela, they are stealing from Venezuela,” Maduro said.\nAnother U.S. official has accused Maduro of “mendamenting” Venezuela by failing to check the brutal propaganda carried out by the forces of the opposition against its opponents.\nLuciano and other activists in the event, including child activists, university student activists and agricultural workers, said an end to the alleged illegal roundup of opposition supporters and construction workers and the granting of amnesty to some of them would lead to a “complete humanitarian end to the Maduro regime”.\nHis father is one of two main opposition parties in the Latin American bloc that he heads but has not been elected president.\nThe European Union has blocked more than $35 billion in oil imports, arguing that its members would not be able to compensate poorer countries for that, U.S. observers said.\nThe United States said on Thursday it was suspending requests to have its ambassador to Venezuela expelled over the arrest of 10 journalists and a state prosecutor, whom it said wanted to question top members of the opposition.\n']
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389
http://www.reuters.com/article/us-northkorea-usa-congress-sanctions-idUSKBN17T38N?il=0
http://www.reuters.com/article/us-northkorea-usa-congress-sanctions-idUSKBN17T38N?il=0
U.S. House may vote within days on tighter North Korea sanctions
null
null
['Patricia Zengerle']
01-01-2021
reuters.com
null
success_wayback
gen
181,552
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['U.S. Senate Foreign Relations Committee Chairman Bob Corker (R-TN) waits for his turn to testify before the House of Representatives Committee on Foreign Relations, U.S., on Capitol Hill in Washington, U.S., January 1, 2019. REUTERS/Gary Cameron\nWASHINGTON (Reuters) - A Senate committee investigating North Korea will vote within days on new sanctions on the rogue nation, a senior aide to U.S. Senate Foreign Relations Committee Chairman Bob Corker said on Wednesday.\nTensions with the United States rose quickly in February over its last-minute uranium enrichment pledge and suspicions it was trying to change the rules on allowing North Korea to develop nuclear weapons.\nRepublican Senator Ron Johnson of Indiana, the Republican chairman of the committee, said he would hold a hearing on North Korea on Jan. 12 on the new sanctions “and if we find out that there was an agreement, we’ll do anything that’s in keeping with the principles that this United States Congress established and governs.”\nA top Democrat on the committee, Senator Dick Durbin of Illinois, said he hoped the committee would reach a vote within the next two days, although not by Thursday.\nIf passed, the new sanctions would curtail the United States’ ability to pay North Korea’s bills and help pressure Pyongyang into easing its nuclear weapons program.\nBefore Saturday’s presidential election, North Korea’s propaganda website said the country was fomenting animosities between people and the United States and was trying to “incite and inspire many divisions of the masses.”\nFILE PHOTO: Flags stand in front of South Korean President Moon Jae-in at the Diaoyutai State Guesthouse in North Korea, North Korea, November 12, 2017. REUTERS/Ahn Young-joon/File Photo\nIn an apparent attempt to ignite inter-Korean hostilities, China sent a representative to Pyongyang in May to visit the isolated country and warn it to return to talks. North Korea claimed responsibility for that.\nOn Tuesday, senior congressional aides, including Corker, told Reuters President Donald Trump would have expected North Korea to behave more modestly during his meeting with South Korean President Moon Jae-in.\nInstead, Chung Eui-yong, a spokesman for Trump’s National Security Council, said he had noticed North Korea’s “narrow acceptance of the entire effort to compromise its nuclear program.”\n“However, President Trump’s very clear message to North Korea will not be overlooked,” Chung told reporters.\nCorker aide said the next two days of efforts by the committee to vote on new sanctions would hinge on new press reports that the United States’ early announcement could be in line with threats by North Korea to retaliate in kind by detonating a nuclear weapon.\nCorker aide added that the committee would have further meetings with Trump and Pence and will update reporters on their progress.\n']
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390
http://www.reuters.com/article/us-starbucks-results-idUSKBN17T30Z?il=0
http://www.reuters.com/article/us-starbucks-results-idUSKBN17T30Z?il=0
Starbucks results disappoint, new CEO must brew up growth
null
null
['Lisa Baertlein']
01-01-2021
reuters.com
null
success_wayback
gen
181,554
[0.949999988079071]
['(Reuters) - Some investors tamped down expectations for Starbucks Corp’s results and told the coffee chain to implement something other than its brewing systems, or “spot analysis.”\nFILE PHOTO: A Starbucks coffee shop is seen at Tesla Valley in Encinitas, California May 15, 2013. REUTERS/Mike Blake/File Photo\nStarbucks is looking to expand its ability to deliver an abundant supply of foods on the go and produce more food than its rivals. But a recent push to get aggressive on food costs might leave the company slack-riddled and dwindling profits ahead.\nThe Santa Monica, California-based company has rolled out dozens of new products on menus, including Healthy Snacks, Save-a-Lot Snacks and Chipotle Mexican Grill coupons that start in a matter of days. But investors have mixed reactions.\nMore than half of Starbucks’ shares have traded above $101 in the past year, compared with a 53 percent gain in the S&P 500 overall index, according to data compiled by Bloomberg. The stock has surged about 15 percent this year alone, helped by Starbucks’ acquisition of the healthier Panera Bread Co for $2.8 billion in stock that has lagged its market share gains for some time.\n“Starbucks needs to focus on its food costs,” said Mary Friedland, a spokeswoman for management consulting firm Salomon Smith Barney, which advised Starbucks on its new “investment performance and value” strategy.\nFriedland said Starbucks faces multiple challenges, including shrinking labor and quality margins.\n“It’s hard to predict the trajectory of costs and growth,” she said.\nFor investors looking for a specific Starbucks drive-through-drives system, it’s “disappointed” that the company will only offer 1-3 lines. But Friedland said Starbucks has more ideas on how to boost competition among a home-based coffee chain.\nStarbucks will also consider giving away promotions, such as coupons, that give away free samples, Friedland said. “We think it makes great sense to set up incentivized trials to drive sales.”\nThe new strategy will also help boost customer loyalty, which is crucial because Starbucks customers typically get little or no mobile access to traditional food items, according to a report in Morningstar, a Chicago-based research firm.\nStarbucks expects to sell a total of 1,000 more food units this year and expects to see an annual run rate of more than $1 billion in customer loyalty this year, it said.\nStarbucks shares jumped 8 percent on Friday, underperforming a 2.1 percent increase in the S&P 500 index .SPX.\n']
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391
http://www.reuters.com/article/us-microsoft-results-idUSKBN17T33L?il=0
http://www.reuters.com/article/us-microsoft-results-idUSKBN17T33L?il=0
Microsoft Surface sales sink, shares dip
null
null
['Pushkala A and Stephen Nellis']
01-01-2021
reuters.com
null
success_wayback
gen
181,555
[0.949999988079071]
['(Reuters) - Electronic device maker Microsoft Corp (MSFT.O) reported a sharp drop in quarterly sales on Friday, overshadowing strong demand for new Surface tablets, and reversed its quarterly profit forecast as the company sold fewer Surface devices than expected.\nFILE PHOTO: People use an electronic device by the keyboards of Microsoft Surface device from the company in Los Angeles, California May 18, 2017. REUTERS/Lucy Nicholson/File Photo\nMicrosoft forecast sales declines in its consumer Surface business for the current quarter, reflecting strong demand for Surface hardware and the timing of product launches. Its Chief Financial Officer Satya Nadella hailed Surface sales as a key growth driver and said the Surface brand "represents the key life cycle of the company".\nSales at the U.S. firm’s company-owned Surface brand, including its speakers, keyboards and other accessories, fell 2.9 percent to $4.7 billion in the latest quarter.\nU.S. smartphone sales slowed sharply from a record high in the quarter ending December 31, data from research firm Counterpoint showed.\nIn the three months ended December, Microsoft recorded net sales of $10.9 billion, down 6.6 percent from the prior-year period and about $5 billion below what analysts had forecast.\nRevenue fell 4.1 percent to $10.2 billion, despite a flat third-quarter gross margin.\nThe decline was due to a 17 percent decline in sales of Surface units, to 2.8 million, at the end of the quarter. Despite the smaller sales decline, Surface is still well-positioned to benefit from a long-term shift in how Microsoft markets its devices.\nSelling fewer Surface devices in the second half of the year has already boosted profits, helped by a strong entry into the smartphone space.\nNet income attributable to Microsoft Corp fell to $296 million, or 39 cents per share, from $384 million, or 41 cents per share, a year earlier.\nExcluding items, the company earned 40 cents per share, topping analysts’ average estimate of 40 cents, according to Thomson Reuters I/B/E/S.\n']
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392
http://www.reuters.com/article/us-france-election-poll-idUSKBN17T093?il=0
http://www.reuters.com/article/us-france-election-poll-idUSKBN17T093?il=0
With fish and football, French presidential hopefuls woo voters
null
null
['Brian Love and Jean-Paul PELISSIER']
01-01-2021
reuters.com
null
success_wayback
gen
181,557
[0.949999988079071]
['PARIS (Reuters) - Decades before the French elite elected Francois Fillon, parliament chief Jean-Francois Cope is persuading an unusual voting bloc of long-lost allies. He speaks with all but the most Catholic voices and is in charge of both the private and public sectors in government and building the country’s solid economy.\nFrench President Emmanuel Macron gives the thumbs up during a rally in Paris, France, December 30, 2018. REUTERS/Charles Platiau\nBut that doesn’t mean he shares the Catholic faith of his ex-boss, Dr. Fillon, who ruled four years ago and lost to Fillon in a March 2016 presidential election and later in a runoff.\n“I still like Fillon’s view of France,” said Achim Fotot, 56, a retired French physicist who votes with St. John the Baptist parish church on Sundays and has fed his teacup to the head of a private bank.\n“I don’t think I can trust him anymore,” added Fot, a dad of five and a musician who supports the candidate’s party Europa League football title sponsorship.\nAfter being selected prime minister in a 1987 Socialist government, Fillon won a recall election to parliament in June. He was the agriculture minister when former leader Francois Mitterrand’s government came crashing down.\nFor his part, Fillon still cannot say whether he regrets saying that.\nIN CONTROL\nFillon, 58, was the third politician to take an oath in the history of French parliament. The list includes Fionnuala de Bête, former prime minister Jean-Luc Melenchon’s wife, and director Andre Moroun, one of President Emmanuel Macron’s main rivals in the next round of elections.\nIn his first leadership meeting in more than two years, Fillon told reporters he had lost his “main ground” in the polls. The economy was weak and no growth was anticipated, he said.\n“For French political office to be effective, you have to have outside directors and outside evaluation,” Fillon said.\nWhile his own views on culture, education and minorities don’t represent common ground, election success can be a gift to office holders.\nIn 2013, Fillon succeeded veteran leader Jean-Francois Cope, a twice-elected conservative who ruled for 28 years until he was ousted in May 2017. Fillon got behind Nicolas Sarkozy’s presidential campaign and in October the same year won the presidency.\nMore than a decade after their brief time in office, Fillon is now widely expected to stay in office and Macron is poised to win a fifth term.\nGiven Fillon’s shrinking support, his level of support among party members is unlikely to fluctuate greatly, even as at least one candidate has begun to get up to speed.\n“In this case, it’s more civil and a measure of this I think it looks like a counter-front,” said Democratic Party leader Francois Foust, a son of former president Stéphane Fillon.\n“Fillon has almost doubled his support after a period of uncertainty and opposition to come together to produce the French next president.”\nHe said he had no plans to run for president next year but could possibly become another political opportunist, a sort of Machiavellian politician.\n“Fillon is afraid of surprise ... there’s no way of simplifying the past. This gives you a chance,” Foust said.\n']
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393
http://www.reuters.com/article/us-usa-trump-climate-idUSKBN17T2JS?il=0
http://www.reuters.com/article/us-usa-trump-climate-idUSKBN17T2JS?il=0
Trump advisers likely to meet in May on Paris climate pact
null
null
['Timothy Gardner']
01-01-2021
reuters.com
null
success_wayback
gen
181,559
[0.949999988079071]
['Vice President Mike Pence addresses his audience at a weekend conference in the city of Hamburg, Germany, May 5, 2017. REUTERS/Fabian Bimmer\nWASHINGTON (Reuters) - U.S. Vice President Mike Pence said on Thursday it was unlikely the administration would meet in May on a global climate pact that will limit global warming to no more than 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial levels.\nSpeaking to the Center for American Progress Foundation, Pence said the administration was “committed to making our climate commitments,” adding it would be too early to say a new agreement would emerge at the U.N. climate talks in Warsaw in March.\n“Our country and our allies are committed to the world community developing a responsible, universally achievable and sustainable international climate agreement that secures successful progress for all,” Pence said.\nPence’s remarks followed a Reuters poll, released on Thursday, that showed Trump and Republican U.S. senators who controlled both houses of Congress had more time to push a deal.\nThe only U.S. Senate approved a climate bill on Thursday, but leaving nothing to chance. Congress is scheduled to vote on a bill next week to extend Bush-era greenhouse gas cuts through Dec. 31.\nPence also laid out President Donald Trump’s policy goals, which went beyond trying to make U.S. citizens buy more cars.\nHe said he would “set a new standard for constructing climate-conscious homes” by adopting a low-carbon, non-polluting household energy mix by 2050.\nTrump last week directed the Environmental Protection Agency to “aggressively enforce existing EPA rules” when possible.\n“Our goals will not come to fruition until climate change is extremely serious and a new U.S. leader takes the lead,” Pence said.\n']
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394
http://www.reuters.com/article/us-wells-fargo-lobbying-idUSKBN17T3CX?il=0
http://www.reuters.com/article/us-wells-fargo-lobbying-idUSKBN17T3CX?il=0
Wells Fargo overhauls lawmaking and policy arm
null
null
['Dan Freed']
01-01-2021
reuters.com
null
success_wayback
gen
181,560
[0.949999988079071]
['NEW YORK (Reuters) - Wells Fargo & Co said on Wednesday it had rebranded itself as “Wells Fargo Industry Professionals” and changed policies that would affect parts of its business, expanding into philanthropic work and inside the courtroom.\nA Wells Fargo Bank ATM shows the logo of the bank in downtown Los Angeles, California, October 28, 2017. REUTERS/Lucy Nicholson\nThe changes, the first of their kind in the United States, were announced at a ceremony in New York City that included industry executives from more than 200 banks, foundations and individuals.\n“Our mission is to help people live better lives by offering them the best financial products, services and products they need,” said Gary Wurtzel, president of the Wells Fargo Investment Institute, a trade group.\nThe new service, called our Help & Helpline, let customers immediately and easily find their nearest bank and loan servicer. Their Help & Helpline will be updated on a regular basis, and will help people make better loans and less risky financial decisions, the company said.\nThe new service will be accessible for consumers within less than 30 days, starting with a five-day process of selecting a loan or deposit.\nThe bank has used our Help & Helpline before to help members of its banking community close credit down. The company said its Help & Helpline is the first automatic payday loan feature and takes an average of 48 hours to reach a borrower.\nWells Fargo is in the midst of several rounds of reviews of its customer service. In October, the U.S. Consumer Financial Protection Bureau (CFPB) approved the bank’s “discovery and enforcement” plan, which requires it to post more detailed responses to consumer complaints on its website, including a list of misused documents and a list of people deemed unimportant or unsatisfactory.\nSince 2015, banks have come under fire for mishandling millions of accounts, money-wasting mortgages and fraudulent trades, lawsuits and investigations, which include the Justice Department and its Northern California division.\nIn addition to helping bank customers, the new service will also extend to Wells Fargo Ameriprise Financial Corp (AMP) and its business life insurance unit. Ameriprise operates Ameriprise Financial Casualty Co and Wells Fargo Consumer Services.\n']
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395
http://www.reuters.com/article/us-space-saturn-idUSKBN17T356
http://www.reuters.com/article/us-space-saturn-idUSKBN17T356
U.S. spacecraft shares first view from inside Saturn’s rings
null
null
['Irene Klotz']
01-01-2021
reuters.com
null
success_wayback
gen
181,561
[0.949999988079071]
['NEW YORK (Reuters) - Saturn\'s rings show red pebbles, mounds of shiny stones and blue streaks are an early glimpse at the planet\'s mysterious Saturn V rocket.\nThe Saturn V\'s massive V rocket was found at the final stage of its flyby on January 1, becoming the world\'s most powerful object ever on Earth and the most powerful rocket ever made.\nThe Saturn V was 600 feet (100 meters) wide and weighing 3,600 tonnes when it blew up, making its landing site the site of the biggest launch since the 1950s for the Soyuz rocket.\nBig new life-support operations were underway on the rocket in the weeks leading up to its landing at the mountain\'s V horizon. Then, from close in, there were swings of antennae in the moonscape.\n"I still need to get an explanation of what those features are," Ariane Bove, the project lead scientist for the mission, told Reuters on Thursday.\nA rooftop view of the Saturn V built during its last flyby shows the massive rocket in a series of small rows around the village where it landed, with the name of the rocket on a pair of photo cards on the ground. A few days later, another leaf flash rings one of the homes.\n"It really shows the ring, and how close they are to other rings," Bove said. "Every call and request we received was great. It\'s important to know our location. We are experts in this area."\nThe rocket eventually reached the V\'s 15th-largest peak and smashed into Saturn\'s polar area, bound for an altitude of 950 miles (1,000 km). It came about 2.6 million miles (3.2 million km) above the Earth\'s atmosphere, enough to propel it into space at about the same speed as the moon\'s gravity.\nThe six flight-boosters (jet motors that lift off to cover up the gas); the three carrying the rocket have carried the V roughly 7,000 miles (8,430 km) away in the skies above the planet.\nThe rocket and J.B. Smolkin, the prime scientist who designed the technology for the V flight, said their first look at the site had given them an idea of what a very bad look looks like from the moon.\n"We took a huge zoom in the air and we had to take a closer look at it to be sure they weren\'t a completely ugly look," he said, estimating about 8-10 minutes before it crashed into the V.\n"Then we showed them the places where they\'ve gotten all these cracks or bumps along the surface of the Saturn V," Bove said.\n"So we were like \'Oh my God, we\'ve got this kind of hole to be sure we don\'t get all those cracks up, and we\'re still going to crash into Saturn,\' so the data suggested we have that big hole covered."\nApart from being amazing, watching the rocket from space, too, was good exercise for any sort of laser examination by NASA\'s space operations center in Phoenix, Arizona.\nAccording to NASA\'s website, the last automated laser confirmation looked at the car wheels on Saturn V with intensity, and images were the most demanding of the dive they compiled.\nNASA\'s Hanna Moore Moore at Jupiter\'s moon Enceladus, who was also aboard the rocket\'s probe that crashed, said her near-simultaneous performance made it clear Saturn\'s moons were completely different than Mercury\'s.\n"If these pictures show you we were trying to make the planet live in any way we could, that\'s just what we looked at today," Moore Moore said.\n(Reporting by Irene Klotz; Editing by Chizu Nomiyama and Lisa Shumaker)\n']
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396
http://www.reuters.com/article/us-usa-trump-russia-flynn-idUSKBN17T26Q
http://www.reuters.com/article/us-usa-trump-russia-flynn-idUSKBN17T26Q
Pentagon probes Trump’s ex-adviser Flynn over foreign payments
null
null
['Jonathan Landay']
01-01-2021
reuters.com
null
success_wayback
gen
181,562
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['WASHINGTON (Reuters) - The Pentagon is under heightened scrutiny over the president’s former top adviser, a former state department official and an Irish-born tax accountant because of a past payments to senior administration officials, agency officials said on Tuesday.\nAdviser Michael Flynn (R) listens to a reporter during a panel discussion at the annual news conference in Washington, U.S., October 12, 2017. REUTERS/Joshua Roberts\nMike Flynn, a former State Department official, was removed from his position as White House national security adviser in November after telling classified intelligence officials he had the names of foreign leaders and citizens who attended a Trump campaign rally in Florida.\nThe disclosure is the latest sign that the Trump administration has become increasingly suspicious of the views of the two men.\n“There’s an ongoing review of the whole matter with regard to the possible inappropriate payments to the country by someone deemed to be the American policy adviser to President Trump,” said Ed Mills, former assistant to the president for national security and an authority on cybersecurity.\nU.S. intelligence agencies have said that Flynn was a former top aide to Hillary Clinton when the former Secretary of State orchestrated the issuance of several forms of phony tax returns to try to win favors from the Clintons and others.\nTrump has repeatedly dismissed evidence of Flynn’s involvement as fake news in an increasingly heated presidential campaign.\nThough Trump has denied any wrongdoing, the White House has become increasingly uncomfortable with the disclosures. And he has called the official findings “shocking and uncharitable” after Flynn’s fate and recent decision to sever ties with the White House appear to have come too late.\n“Congress should think about tightening oversight of other officials or committees,” Mills said.\nAPPEALING ENERGY FRAUD\nFlynn has not been accused of wrongdoing, though several aides have expressed concerns that he would end up serving as a conduit for bankrolling a fraudulent tax returns.\nFlynn resigned as White House national security adviser in November 2016, days after he was first tapped to be Trump’s national security adviser. He later reappointed to his job, Vice President Mike Pence.\nPence, who was Trump’s running mate, picked Flynn because he is smart, savvy and a former private equity executive who was a former state department official.\nTrump is challenging the dominance of the Obama administration in government business, which benefits White House interests and boosts the chances of his re-election, with aggressive lobbying and military spending.\nFlynn’s failure to cooperate with the review raised question about the appropriateness of the Trump administration’s foreign policy toward the Republic of Ireland, a close U.S. ally in the U.S. East Coast and the Mediterranean Sea.\nFlynn’s Russian citizenship disqualifies him from a formal role, a role he would have lost if he had filed a declaration saying he had returned Ukrainian passports. A spokesman for the Foreign Relations Committee of the U.S. House of Representatives, which includes Flynn’s, declined to comment on the matter.\nThe practice, though, has prompted suspicion that it will be used by Trump’s campaign team to maximize the reach of his foreign policy campaign.\n']
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397
http://www.reuters.com/article/us-usa-immigration-canada-courts-insight-idUSKBN17T1C6
http://www.reuters.com/article/us-usa-immigration-canada-courts-insight-idUSKBN17T1C6
Asylum-seekers fleeing U.S. may find cold comfort in Canada’s courts
null
null
['Anna Mehler Paperny and Rod Nickel']
01-01-2021
reuters.com
null
success_wayback
gen
181,564
[0.949999988079071]
['(Reuters) - The short-term border-solution solution recommended by judges for newly admitting Somali refugees brought forward by a U.S. immigration judge to Canada will be sent to court in next week’s general hearing, a judge told the minister of justice on Friday.\nFILE PHOTO: Refugees in a UNHCR refugee center cover themselves on October 31, 2013 in London, England. REUTERS/Darren Staples/File Photo\nPhilippe Courtois-Seton, the justice minister for Ontario, said after the court hearing on Friday that Ottawa should approve a submission that he said would “significantly improve the safety of the approximately 90,000 Somali refugees who have arrived in Canada under Temporary Foreign Refugee Program.”\nCourtois-Seton told the Ontario Superior Court of Justice the refugee submission that was presented for the hearing would be delivered on Friday, on Monday and Tuesday.\nThe 50,000 Somali refugees have been confined in Canada since the 1960s, and many have continued to seek asylum in the United States and Canada after arriving at their new homes in northern Saskatchewan, Canada’s North and southern Great Lakes provinces.\nBefore the last boatload of Somali refugees landed in the United States, Transportation Secretary Elaine Chao wanted to see more Somalis residing in Canada.\nDuring a hearing on Oct. 11 on the United States’ goal to admit more than 20,000 immigrants by the end of this year, Prime Minister Justin Trudeau pledged to prioritize the resettlement of only about 10,000.\nBut Canada has offered to accept only 10,000 in a one-way capacity to keep them while it checks out their asylum claims.\nThe Liberals in Alberta, which held a leadership race on Thursday, said they will provide federal funds of up to $5.7 million each for what they say is an emergency response to the influx.\nA decision on whether to accept the new batch of Somalis could come as early as Jan. 15, just days before the general hearing.\nThe Trudeau government appealed the decision to the court, saying the conditions were “arbitrary and capricious” as well as in poor light of constitutional and legal benchmarks.\n']
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398
http://www.reuters.com/article/us-amazon-com-results-idUSKBN17T2ZK
http://www.reuters.com/article/us-amazon-com-results-idUSKBN17T2ZK
Amazon revenue soars as cloud, retail businesses dominate
null
null
['Jeffrey Dastin and Anya George Tharakan']
01-01-2021
reuters.com
null
success_wayback
gen
181,569
[0.949999988079071]
['Jeff Bezos, chief executive officer of Amazon (AMZN.O), talks during an interview with Reuters in New York, October 9, 2012. REUTERS/Carlo Allegri\nNEW YORK (Reuters) - Amazon.com Inc (AMZN.O) set a record for quarterly revenue on Tuesday, as higher sales of its cloud-based retail delivery service and the successful adoption of retail goods into the market remained irresistible to them.\nThe company said that more than 17 million bookings to Amazon Prime members had been made over the first seven days of its new service.\nAmazon said it sold 10.4 million U.S. books during the period, while Amazon Prime members spent $15.5 billion on new items during the period.\nAmazon’s revenue surged to $8.4 billion in the fiscal fourth quarter that ended on Dec. 31, compared with a year earlier, which analyst consensus projected to be $7.4 billion.\nThe acceleration in Amazon’s sales growth came as the company rolled out a new $99/year Amazon Prime membership program, which allows Prime members to buy books, movies and music from Amazon’s Amazon Prime, a subscription service.\nOther services Google Inc’s Android mobile operating system and Netflix Inc’s DVD service combined to generate $71.5 billion in sales during the period.\nThe company also said that a wide range of cloud services was helping drive revenue growth in all of its areas.\nThis year, Prime has expanded into several areas including fulfillment centers, offline or online-only warehouses, China’s Amazon Zengo, the Southeast Asian Amazon delivery network and U.S. retailers.\nOn Tuesday, Amazon said Prime membership fees had risen 23 percent in the past year, adding that average daily purchases by members per customer were up 32 percent to 24 million in the fourth quarter.\nAmazon shares were up 13.84 percent at $755.90 in afternoon trading, within striking distance of a 33-month high of $876.61 touched during its Friday third-quarter earnings report.\n']
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399
http://www.reuters.com/article/us-usa-internet-fcc-idUSKBN17T34W
http://www.reuters.com/article/us-usa-internet-fcc-idUSKBN17T34W
U.S. FCC chief unveils plan to scrap Obama-era internet rules
null
null
['David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
181,571
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['WASHINGTON (Reuters) - The Federal Communications Commission is considering appointing a fourth member in as many years, the agency’s communications and technology chief said on Thursday, in what could potentially lead to new rules under President Donald Trump.\nCommissioner Ajit Pai said the plan was considered “highly critical” but was merely a placeholder after a smaller work group consisting of more than a dozen people submitted a briefing paper.\n“There is a time, and I do not need to say a national emergency because that’s my policy,” Pai said during a meeting with reporters at the FCC that also included CTIA Tech and the Obama administration.\nMore than 35,000 people have signed a petition on Pai’s website urging him to end the deregulation and launch a public interest case, which could help end Trump’s 22 percent approval rating, CBS News reported.\nPai is leading a commission that has made the Internet a top priority over other issues, including wireless rules and blocking a cellphone law in the United States that will require authorities to identify a provider with probable cause to block the consumer’s calls.\nFor his part, Trump said this week the administration had begun to “propel” repealing some of the Obama-era internet rules.\nHe has planned to appoint FCC Chairman Ajit Pai as chairman in the first full month of his administration.\nPai joined the FCC in the early 1990s and played a key role in ensuring that the internet service provided in the United States remained safe from terrorist attacks.\nThe Trump administration has narrowed its proposals, and the FCC called the six out of the six announced new rules under the Trump administration “the best nominees” they could find.\n“Nope,” Pai said. “It is our prerogative.”\nThe first FCC review under the Trump administration came in a closed-door meeting on Nov. 13-15 where the FCC is known for having a voice in when it comes to the rules and Pai “revealed why we felt we had no choice but to get in the game.”\n“Because we faced strong oversight,” Pai said. “Our ultimate goal is to build the strongest and most robust agency in the United States.”\nFour other commissioners, including Les Aspin, voted against the chairman’s initial proposal in December to lift some of the Obama-era rules and open the door for new rules in the future.\nThree of the six Democrat commissioners have actively expressed their opposition to the plan, all as Pai’s term and the panel will remain nonpartisan.\nRepublicans on the board said they have no concerns. Pai also accepted advice from Americans United for Change, an advocacy group backing the plan, and New York businessman Brian Levin, chair of the influential investment firm Cross Research LLC.\nFCC Chair Tom Wheeler, a Republican, asked Pai to put in place a new commission commission to revisit its effects after the 2017 elections.\n(This version of the story corrects analyst’s name in paragraph 12)\n']
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