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http://www.reuters.com/article/us-usa-gulf-yemen-idUSKBN17T37T

http://www.reuters.com/article/us-usa-gulf-yemen-idUSKBN17T37T

In Yemen conflict, a window into deepening U.S.-Gulf ties

['Phil Stewart and Yara Bayoumy']

01-01-2021

reuters.com

success_wayback

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[0.949999988079071]

['SANAA/SANAA (Reuters) - Since the collapse of a years-long war between the Saudi-led coalition and Yemen’s Houthi movement in 2014, Saudi Arabia has provided few official channels for dialogue between the gulf warring sides, which have both said are willing to talk under the auspices of the United Nations.\nFILE PHOTO: A Yemeni army soldier stands in a checkpoint in Carabobo, Zaytay, about 80 km (50 miles) southeast of the coastal port city of Zaytay, Yemen, December 7, 2017. REUTERS/Stringer/File Photo\nMeanwhile, Britain has touted “charity and support for the Emirati government” as part of a U.S.-Gulf mission to monitor the civil war, sources said.\nU.S. officials are also keen to show that the Gulf war has only exacerbated a chronic cholera epidemic, including the discovery of a sixth World Cup stadium in Los Angeles, likely close to Sanaa.\n“Virtually nothing has changed from what you would expect as a result of that campaign,” one senior American official told Reuters, speaking on condition of anonymity.\nIn Yemen, in contrast, the West has continued to outsource support to the United States through support groups like CARE, which aims to create a climate of dialogue in Yemen.\nThe United States is leaving funding to the CARE network next month, as well as mounting pressure on Yemen’s then-President Abedrabbo Mansour Hadi to intervene over his hold on power, according to its diplomats.\nLittle formal pressure on Hadi’s government has broken out from Riyadh, which has praised his capture and forces’ failure to prevent the reopening of international airports and a refugee camp.\nThe U.S. advocacy groups and Washington’s main aid donors say the lifting of those restrictions will help address Yemen’s humanitarian crisis, although pressure mounted after President Abd-Rabbu Mansour Hadi won a November referendum backing a military takeover by Houthi forces.\n“The lifting of the United States funding for humanitarian aid in Yemen is part of support for the (U.S.-Gulf) United Nations and humanitarian agencies to reach famine victims in Yemen and in other distressed parts of the country,” CARE’s U.N. headquarters said in a statement on Sunday.\n“It is a timely reminder of how important it is for individuals and groups to work together as an organization to ensure a political solution is achieved in Yemen.”\nThe U.S. officials cited a February 2015 statement from the United Nations High Commissioner for Refugees and the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) titled: “The Fragile State in Yemen.”\nIn that document, the U.N. envoy urged Yemen to “establish national unity” and said work was underway on lifting a “crisis” that had left thousands of people dead in previous weeks.\nIn the same letter, the OCHA said protection and humanitarian aid was vital but instead “they are being banded together with other partners in the provision of basic healthcare and other social needs.”\nIn a written statement on Saturday, the U.N. foreign office said the U.N. and CARE supported “the ceasefire negotiated by the provisional Yemeni government and all parties” in the conflict.\nThe U.N. on Friday welcomed a resumption of ceasefire talks aimed at implementing a 2015 agreement that provides for the release of political prisoners and allowing peace talks between Hadi and Riyadh.\nBut Western diplomats in Washington say the rights to freedom of assembly, human rights and movement in Yemen are key issues as the war flares up.\n“The stakes in Yemen are very high... So it’s critical that it’s political will as well as humanitarian support that will continue,” one European diplomat said.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKBN17T1O4

http://www.reuters.com/article/us-usa-stocks-idUSKBN17T1O4

Earnings lift Nasdaq to record; Amazon, Alphabet up after hours

['Rodrigo Campos']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Shares of the Nasdaq Composite soared to a record high in trading hours on Friday, buoyed by robust earnings reports from companies making the most money on Wall Street.\nA worker takes in daylight before a Black Swan gold coin display depicting the Pascual volcano at the New York Stock Exchange in New York, U.S., September 7, 2018. REUTERS/Brendan McDermid\nShares of Oracle Corp (ORCL.O) and Applied Materials Inc (AMAT.O) lifted the Nasdaq to a record. Oracle soared 18 percent after the company revised its original earnings projections in an effort to fend off new competition from chipmaker Intel Corp (INTC.O).\nUp to 18.49 in late afternoon trading, the Nasdaq-100 index advanced 0.22 percent, marking the ninth gain of the day, the longest streak of gains since Aug. 31.\nThe technology-dominated Nasdaq surged 5.83 percent on Friday to its highest level since October 2015, after tech companies warned investors of an increase in profit expectations for several quarters.\nAt the close, the S&P 500 was up 1.24 percent at 2,750.59 points, near the record closing high of 2,702.07 reached on Sept. 26.\nThe S&P 500 telecommunications index .SPLRCT rose 1.56 percent and its materials index .SPLRCD added 1.87 percent.\nSince the beginning of the year, shares of Amazon.com (AMZN.O) have risen as much as 19 percent, two days after the company disclosed an inventory slump as it seeks to take on Wall Street.\nShares of Alphabet Inc (GOOGL.O) rose 2.81 percent after trading on Thursday to the highest closing in six weeks.\n“The final reading for the data was good. I just don’t see a quick abatement, but I think the next test of trend will be in the news event in October,” said Dan Vecchio, chief portfolio strategist at Ameriprise Financial in Los Angeles.\nShiffrin also raised its full-year earnings forecast in a strong fourth quarter, reaching its highest level since 2014.\nAt midday, Alphabet was down 0.6 percent at $2,002.89, where it is trading at all-time highs.\nRival Microsoft Corp (MSFT.O) gained 0.28 percent, when it said it could be adding more employees soon.\nAlphabet fell nearly 2 percent to $21.87 on Friday afternoon. The Dow Jones Industrial Average .DJI declined 0.11 percent, while the S&P 500 .SPX closed down 0.57 percent.\n']

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http://www.reuters.com/article/us-global-oil-idUSKBN17T06K

http://www.reuters.com/article/us-global-oil-idUSKBN17T06K

Oil prices felled by Libyan oil restart and weak gasoline demand

['Julia Simon']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BOSTON (Reuters) - Oil prices fell on Tuesday, the last day of trading for five months and even as traders avoided the U.S. Northeast and Europe after a wave of attacks by extremist groups killed hundreds of Iraqis, according to traders.\nA protester throws a Molotov cocktail outside the compound of Libyan Petroleum Corp., located in Tripoli, Libya, October 17, 2017. REUTERS/Ammar Awad\nU.S. crude CLc1 settled down 1.5 percent at $27.82 per barrel on the New York Mercantile Exchange. Brent, the international benchmark for crude used to make gasoline, settled up by as much as 1.7 percent at $31.06 on the ICE Futures exchange.\n“This (fuel-fuelled) market always shifts from being volatile to reacting to news about something… You know it’s a critical market to set parameters for optimal trading,” said Peter Bodger, U.S. Energy Strategist for trade journal Energy Transfer Partners (TEPM.N).\nTRADE MINING\nThe selling intensified in Europe as well as in the United States, as low production by OPEC allies plus Russia put back spats and tough sanctions on Libya.\nBut the steep drop in energy supply was offset by a modest rise in gasoline prices, at least for the time being.\nU.S. gasoline prices rose after a widely anticipated fuel increase, but fell back just as the eight-day partial shutdown of federal government hit home, rising to a new all-time high of $2.51 per gallon on Monday. U.S. September-settled gasoline for October delivery was at $2.58 per gallon.\nWeak U.S. supply coupled with lower gas prices also helped fuel a record total crude stockpiles in the United States, along with the expiration of a 37-day supply-cutting pact. U.S. crude inventories totaled 297.2 million barrels on Monday, the largest since March 2008, more than double the 297.8 million barrels a week that supply concerns were likely to weigh on prices.\nThe company issue was also overshadowed by Syria, where rebels said on Monday they had seized the state oil refinery in Damascus and clashed with security forces at an area off the Syrian coast.\nIran said on Monday its Revolutionary Guards were preparing a greater effort to further curb production by depleting the country’s stocks in order to secure cheaper crude supplies from Arab suppliers such as Saudi Arabia.\nThe selling comes at a time when Washington and allies in the Organization of the Petroleum Exporting Countries (OPEC) are trying to keep markets open and attract more foreign investors to their reserves.\nWhile some Saudis recently lost their sweet spot in crude market, the success of recent deals has helped offset the market headwinds, said James Haughton, managing director at Ladenburg Thalmann LLP in New York.\n“So far, it looks like their maneuvering is working,” Haughton said, adding Saudi Crown Prince Mohammed bin Salman has made “already bold” statements about his intentions to get out of Yemen and support his fellow Gulf countries.\nBut Haughton remains skeptical, pointing to a recent failure to agree on output cuts after a Saudi-led invasion of Lebanon in 1990 over Lebanon’s long-standing occupation of southern Lebanon.\nSaudi supplies last week still dwindled, but U.S. oil supplies have been up, reflecting deteriorating economic conditions in key Arab countries.\nOn Monday, the Organization of the Petroleum Exporting Countries’ production capacity is set to reach an all-time peak on March 5, and the OPEC did not decide on the share of supplies needed to meet that demand until July this year.\nThe volume of U.S. oil consumption went to the highest levels since February 2016, according to EIA data.\n']

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http://www.reuters.com/article/us-global-markets-idUSKBN17T2RM

http://www.reuters.com/article/us-global-markets-idUSKBN17T2RM

Global stocks slip after Trump tax plan; euro softens after ECB

['Chuck Mikolajczak']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A trader walks on a screen as he shops at an ATM in this illustration picture taken in Zenica, Bosnia, September 29, 2017. REUTERS/Dado Ruvic\nNEW YORK (Reuters) - Global stocks slipped on Wednesday, while the euro hit a six-month low, while the dollar steadied after investor fears of a U.S. fiscal cliff adjustment pushed down gold and oil prices.\nThe S&P 500 hit a new record high, but the drop overnight could weaken the U.S. currency, as investors worried that tax increases and spending cuts across the government could threaten the economic recovery and their easy monetary policy.\nIn a major shift, French President Emmanuel Macron handed another document to his ruling Socialist party as he pushed hard to advance his plan to reduce taxes on big companies and solidify the EU’s plan to seek future trade deals with the United States.\n“I think that the more he decides, the more he will oppose the terms and the more he will oppose the arguments that nobody has proposed for the Paris talks,” said Rick Meckler, president of investment firm LibertyView Capital Management.\n“I think that if you want to move those pieces around, you have to sell some of your sentiment,” Meckler said.\nGreece posted stronger-than-expected growth for the fourth quarter as the country’s first seven-month economic expansion eased from an 8.8 percent expansion in the third quarter.\nU.S. futures CLIMB as the Federal Reserve hikes interest rates in an effort to boost the economy and support prices, pushing the S&P 500 .SPX into the 3800-mark, a level not seen since early 2014.\n“I see a less serious and more of a risk-on environment,” said Kaspar Thomas, managing director at Wedbush Securities.\n“It’s going to be a difficult go to Brexit. Even with the agreement to the U.K. not going in any direction, I think the U.S. could be in more of a holding pattern in terms of Brexit and concerns over Italy,” Thomas said.\nEarlier in the session, Trump’s tax plan gave major economic benefits to the country, sending energy and metals prices higher.\nThe U.S. dollar hit a six-month low of 1.2656 U.S. per euro. The euro has lost almost 11 percent against the greenback since mid-November.\nAlso on Wednesday, a report from the Federal Reserve that banks expect a rise in interest rates during the first half of next year prompted some investors to change the outlook for the U.S. economy.\nWall Street services and technology stocks were the only small movers on the S&P 500.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.18-to-1 ratio; on Nasdaq, a 1.04-to-1 ratio favored advancers.\nThe S&P 500 posted 6 new 52-week highs and no new lows; the Nasdaq Composite recorded 39 new highs and 20 new lows.\n']

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http://www.reuters.com/article/us-britain-security-idUSKBN17T23W

http://www.reuters.com/article/us-britain-security-idUSKBN17T23W

Armed British police arrest man with knives near May’s office

['Kylie MacLellan and William James']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON/LONDON (Reuters) - A man with knives was arrested by police officers in his office in south London on Saturday afternoon, after a dog, who refused to sit in a window, picked him up and carried him to safety, officials said.\nBritish police were at the scene of a suspected knife attack in east London in early January, the second such incident in the capital in two years.\nThe man had a valid British passport and was aged in his early 20s. He was questioned and released on police bail pending further inquiries, police said.\nOne knife was found in his open car at his home, which was decorated with a mural of E.T. which appeared to be placed on the front wall, along with a copy of the Seven Laws of the Universe, one of the laws of physics.\nPolice said the man, whose name and mugshot was not released, wore the name of a British national and was not attempting to be a politician.\nActing on a tip-off, officers from the Metropolitan Police’s Serious Organised Crime Unit arrested the man and found a white and black car in front of his home, which was decorated with a mural from E.T. which appeared to be placed on the front wall, along with a copy of the Seven Laws of the Universe, one of the laws of physics.\nThe man had been inside the man’s car until police arrived.\nThe car was parked outside the victim’s house in a hallway, police said.\n“In carrying out our investigations we have targeted a whole range of people. These arrests and those with connections to specific individuals constitute a significant part of our work on knife crime,” said Philip May, chief commissioner of Metropolitan Police, which coordinates the investigation.\nCabinet Office Metropolitan Police gave an update on Saturday that showed police had undertaken 522 London-wide searches in 2017, with 400 of those involving knives, using 624 tip-offs.\nTwo Thames Valley police officers, Mark Birch, 43, and Martin Smith, 33, face charges relating to the incident and are due to appear at Guildford Crown Court later on Saturday.\nLast year, a 22-year-old man was stabbed in Finsbury Park after he doused himself in petrol and beat himself up in a London street.\nMay said there was “a strong case for increased consideration” to trace knife offenders.\n']

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http://www.reuters.com/article/us-macedonia-politics-idUSKBN17T2RZ

http://www.reuters.com/article/us-macedonia-politics-idUSKBN17T2RZ

Macedonian police fire stun grenades after protesters storm parliament

['Kole Casule']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SOCHI (Reuters) - Macedonian police fired stun grenades after tens of thousands of people attacked parliament late on Wednesday and unleashed multiple man-made fires at the office of nationalist leader Boris Nemtsov, who is visiting Europe and opens new elections.\nRussian President Vladimir Putin attends a meeting with Ukraine's Prime Minister Arseniy Yatsenyuk at the president's office in Moscow, Russia January 1, 2019. REUTERS/Sergei Karpukhin\nSeveral thousand people were seen fighting for their lives and 42 people, including policemen, and an unknown number were injured, the Moscow-based foreign media outlet Vedomosti said.\nAmong them was an 18-year-old Slavonian-born businessman who was helping residents out with groceries and dried fruit at a field. A local filmmaker also helped to stop some of the fires, Vedomosti reported.\nSeparately, riot police fired stun grenades when the protesters sought to breach the chamber of parliament.\nThe incident triggered the first round of parliament elections since the fall of a two-party coalition government in 2014. The Green party is seeking to oust Prime Minister Nikola Grushko after the results were announced on Thursday.\nStrikes from pro-Putin protests that have marred parliamentary proceedings since May and followed Britain’s shock Brexit vote in June have ended up providing little evidence of a spillover.\nBut Poroshenko has said recently he would bring legislation to further weaken the movement after a general election due in 2022. He said in July he intended to launch a new election in 2022 but was postponed due to “concerns” over the success of his campaign.\nAbout 75 people were injured, several police and a local prosecutor said, the embassy in Moscow told Reuters by telephone that authorities had visited the site late on Wednesday. A Russian law prevents the two parties from campaigning together.\nPolice barred access to outside journalists and broadcasters on Thursday, citing the ongoing protests.\nAfter Nemtsov, a conservative politician, announced his resignation on Sunday, there has been a backlash against him and his views that have come under particular strain this week.\nNemtsov, the anti-corruption candidate who has been accused of leading organized crime networks in Europe and Africa, said earlier he would step down after the new parliament re-elected him, the biggest overhaul of Moscow’s leadership since a severe financial crisis in 2010.\n"]

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http://www.reuters.com/article/us-uber-tech-alphabet-lawsuit-idUSKBN17T36G

http://www.reuters.com/article/us-uber-tech-alphabet-lawsuit-idUSKBN17T36G

Uber’s Levandowski to take smaller role in self-driving during Waymo lawsuit

['Heather Somerville and Dan Levine']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - The departure of self-driving pioneer Uber Technologies Inc’s (0293.HK) senior vice president of development, Dan Levandowski, which will also be a normal part of Waymo’s legal process, is about another chapter in the company’s litigation with Google Inc (GOOGL.O) for illegally handling sensitive data for the self-driving vehicle project.\nFILE PHOTO: People walk past one of Waymo's self-driving vehicles on street in San Francisco, California April 23, 2015. REUTERS/Robert Galbraith/File Photo\nThe Waymo lawsuit in San Francisco Superior Court this week highlighted Levandowski’s role in the plaintiff, Uber, in suing Waymo. Waymo is seeking an injunction halting Waymo’s self-driving vehicle tests to allow its use in developing self-driving technology.\nIn a speech on Monday at the DreamWorks Animation mega-parked park in Burbank, California, Levandowski called for a day of “coercive self-consulting” by Waymo and Uber to “help them understand the facts of this case as best they can and in exchange know that we will preserve as much data as possible.”\nGoogle filed for an injunction against Uber last month in California’s highest court in San Francisco.\n“Waymo’s self-driving vehicles are incompatible with Waymo’s patented software technologies,” the company wrote in a letter to Uber and Uber’s attorney.\n“Your actions (if lawful) are impermissible,” Google said in the letter.\nWaymo was sued after Google sued the company in December. Google argues Levandowski and the rest of Waymo’s co-founder, Sergey Brin, helped develop Uber’s self-driving vehicle on the former Google unit’s foundation and at a private meeting at the annual Intel Annual Technology Conference in San Francisco in April 2016.\nGoogle has made no public comment on the new lawsuit, which was filed after Waymo filed its lawsuit in October. Neither company said if Levandowski resigned or was fired.\nShares of Waymo, which is primarily known for carrying out Uber’s plans to turn self-driving cars into automated driving systems, were down about 2 percent in extended trading as of 11:03 a.m. EDT (3:03 a.m. GMT) on Tuesday. The stock is up 10 percent in December.\nLevandowski in an interview said Waymo is making plans for a pilot program with the company’s test-driving vehicles for a year and a half, starting in 2019. He said Uber is moving its vehicle prototypes right to the lab and testing them.\nWREX LIMITSUIT\nUber lost its lead as Waymo’s lead as the first self-driving car project in the United States when Google was suing it for illegally handling consumer data for the self-driving vehicle project, the company said in a statement on Monday.\nIn the lawsuit, Waymo was alleged to have transferred sensitive data to Google from a patent database called 3rd Party Management Platform software that Waymo developed in 2007.\n“This contained all data belonging to dozens of companies like Uber that the employee then held in such conditions as private, confidential, or illegal,” Google said in its August request for an injunction, accusing Waymo of creating a “weaponization of the corporate power nexus.”\nWaymo sued on Tuesday in San Francisco Superior Court.\nUber says that according to a letter it received from Uber’s then-chief technology officer, Travis Kalanick, confidential information had been stolen from Waymo that Uber prepared to handle in the months leading up to Levandowski’s departure.\n“A disciplined and professional company would not be at risk as we prepare and demonstrate to government, regulatory and other agencies all aspects of the self-driving vehicle project,” Uber’s lawyer, Maura Hiebert, said in a statement.\n“To prevent us from copying as we do now, Uber has been working to improve the Waymo software development process by ensuring the company complies with all applicable provisions in the Waymo patent and other customary US law,” she said.\n"]

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http://www.reuters.com/article/us-usa-budget-idUSKBN17T1O6

http://www.reuters.com/article/us-usa-budget-idUSKBN17T1O6

Congress readies votes Friday on bill to avert government shutdown

['Richard Cowan and Amanda Becker']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. Congress is readying votes on Friday on several parts of a $26 billion funding bill aimed at averting a partial government shutdown starting Feb. 3, the White House said.\nTraders work on the floor of the New York Stock Exchange January 1, 2015. REUTERS/Brendan McDermid\nSenate Majority Leader Mitch McConnell, a Kentucky Republican, called for the extra votes to start debate on the measure, which will come up for a vote in the Energy and Commerce Committee on Friday and the full Senate on Saturday.\nThe legislation also contains tax changes that will include spending limits for Social Security and Medicaid programs. Republicans would easily pass a funding bill that would reopen government as the country struggles to repay billions of dollars in debt that the country is saddled with.\nThe full text of the legislation, which is considered the meat of a budget bill that Senate Democrats will hope to pass.\nRepublicans reject the government shutdown and have repeatedly criticized the Democratic leadership for failing to convince Democrats on how to fund the bill.\nDemocratic President Barack Obama has said he hopes the deal could still be struck this week.\nThe House of Representatives, where Republicans control the Senate, passed a spending bill on Thursday with limits on how much money can be sent to domestic agencies while a number of others are unresolved. House Speaker Paul Ryan is looking for ways to go along without a funding bill to reopen the government after next week’s scheduled mid-January recess.\nThe Senate appears ready to pass similar measure by late March but approval would be conditional on Trump’s party getting 60 votes in the final House-Senate conference committee.\nA vote is due Friday on legislation to maintain the U.S. government’s fiscal 2016 budget with a new borrowing authority of about $1.1 trillion. The bill is heavily dependent on the Affordable Care Act.\nCongress passed an Obamacare funding bill for the fiscal year ending Sept. 30, 2015. But less than a month ago, Republicans were furious that Trump had promised he would sign the bill but sidestepped a broader effort to reopen the government on the basis of funding for the law.\nThe proposal is not expected to win votes from Democrats. But House Speaker Nancy Pelosi is said to be unhappy with the practice of avoiding the shutdown through Nov. 28, when lawmakers have a new break from Washington. The New York Democrat has not sought a one-year exception.\nKellyanne Conway, Trump’s point person on the Ryan-backed funding bill, was hoping to give her version a boost.\n“I want to see both the House and Senate working together to finish the bill,” Conway told CNN. “I think it will be helpful, because there are hundreds of thousands of people who must rely on Obamacare before a shutdown is broken, and that’s not a small thing.”\n']

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http://www.reuters.com/article/us-bhp-billiton-elliott-idUSKBN17T11X

http://www.reuters.com/article/us-bhp-billiton-elliott-idUSKBN17T11X

Investors eye Elliott’s Plan B as BHP shake-up push falters

['Simon Jessop and Jamie Freed']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - Mergers and acquisitions are putting pressure on shares at major British mining companies by pulling up some rivals on the market, but investor discontent remains on sidelines.\nA trader in London watches his bet on BC Iron hit a record high, approaching the 2,400 points mark, in the North Indian Ocean January 31, 2013. REUTERS/Toby Melville\nIn Germany at least, shares in Anglo American (AAL.L) and BHP Billiton (BHP.AX) are up 10 percent, 2.7 percent and 3.4 percent, respectively, on Friday.\nOverall stocks are a small fraction of the 10 percent rally they reached in January, but the price has remained above the level that prompted the move in the trade when the bourses were closed on Thursday.\nBHP, Anglo American and BHP are diversified industrial players, which makes them attractive buy-side targets and have much to gain from the further firings in M&A activity.\nJohn Whittaker, Chief Executive of London-based investment management fund Arrow Global, however, said equities should re-focus on investment opportunities rather than mining companies, in response to an activist investor joining BHP’s rival.\n“If there was ever a time to focus in on investments the past two years we’ve seen this time,” Whittaker told Reuters in an interview.\n“Investors have to have a system whereby those assets in which it makes sense to spend money are allocated to them ... and companies that are there to be bought by the manager.”\nBAYERSHOCK MANUFACTURERS\nMore than 2,000 Chinese steel and aluminium producers have been scouring the country’s four largest aluminium smelters in preparation for a five-billion-pound ($7.2 billion) increase in U.S. output to be announced next month.\n“The fear that China will flood the market with aluminium is really highly overblown,” said Wheeldon Froese, chief executive of Wheeldon Froese Investment Management in London.\n“And for now that doesn’t make sense: We’re in a good place with British coal, which is a far more stable asset, so it might help if they switch some back to domestic operations and Canadian production.”\nAnother prospect: the prospect of a UK-based supply chain for U.S. heavy industry such as Coke (KO.N) or Allied Machinery (AMR.N) could stir up some corners of industry.\n“That’s potentially very destructive for the competitors’ vision of scale and competitiveness and what’s actually become a huge hit to the sector,” Froese said.\n']

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http://www.reuters.com/article/us-abertis-m-a-atlantia-idUSKBN17T1MT

http://www.reuters.com/article/us-abertis-m-a-atlantia-idUSKBN17T1MT

Atlantia presses ahead with Abertis tie-up plans after motorway stake sale

['Pamela Barbaglia and Stephen Jewkes']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Italian state-owned automaker Atlantia was on track to buy an 80 percent stake in Italian conglomerate Abertis Aerospace by the end of this year or in 2022, chief executive Sergio Marchionne told an investor conference on Wednesday.\nFILE PHOTO: Machiavelli descendant Roberto Abertis discusses with bosses at the Ferrovial group in Rome, Italy September 4, 2018. REUTERS/Remo Casilli/File Photo\nMarchionne said that an announcement within the next few days would be key to the resolution of financing issues that had forced the group’s payment default earlier this year.\nThe company was forced to pay $176 million to second-tier lenders including insurance guarantors Viterra and Providence International last month.\n“Atlantia has been notified that the Abertis takeover offer has been terminated by the creditors,” Marchionne said at the World Economic Forum, which also included Japanese leader Shinzo Abe.\nMarchionne was speaking after Atlantia’s float of Abertis stock ended a year in which it was partly capitalised.\nMarchionne told investors during the presentation that Atlantia paid a dividend of up to 5.75 euros per share in December on the offering, a move that caused market concern about the risk the Italian firm was likely to lose key partnerships.\n“We always pay a dividend and it has always been in a really good balance sheet, and will now,” he said.\nAbertis, one of Italy’s biggest suppliers of both construction and building materials, had been considered a potential buyout target since its listing in 2014. The five-year window for a premium was cut to 7.5 euros per share from 10.\nMarchionne indicated that Atlantia might sell Abertis’ 51 percent stake in Fiat Chrysler Automobiles NV, and the costs in such a deal could be reduced if the Italian firm completes its acquisition of British mobile firm Enders Mandate.\nFiat Chrysler’s 29 percent stake in Atlantia has been mentioned by some politicians and Fiat Chrysler’s chief executive, Sergio Marchionne, as a takeover target.\nAprilionne, speaking ahead of the presentation, said if the company did a deal, the sale would not come before the new Italian government is inaugurated in mid-March.\n“The economic problems of Italy are entirely understood, with the government of the new prime minister, Matteo Renzi, to weigh in on this,” Marchionne said.\nHe reiterated that a possible divestment was not on his agenda for 2019 and reiterated that sale of Atlantia shares could trigger “the most tax sensitive issue” in the company’s history.\nMarchionne said Atlantia remained open to providing further capital on a “commercial basis”.\n“The fact is that this issue is unresolved and being dealt with by the government… the possibility exists,” he said.\nMarchionne said: “We’re not the debt markets in the capital markets, not Italy, and the reality is that the company’s operational issues have been dealt with by the banks.”\nMarchionne’s bid to acquire Abertis, which had been valued at around 250 million euros, is in the spotlight because some Abertis shareholders were unhappy about the quality of the offer.\nMarchionne lost control of the company after a merger between other Italian groups, including Gucci, Tod’s and Ferraris, collapsed at the end of last year.\nAbertis was valued by a consortium of corporate debtors, including Anschutz Corp and Christof Reitz, at 198 million euros at the end of 2018.\nThe Italian lender’s primary corporate debt trades at around 128 million euros, and its capitalisation at 166 million euros.\n($1 = 0.8485 euros)\n']

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http://www.reuters.com/article/us-westcorp-m-a-apolloglobal-exclusive-idUSKBN17T2YX

http://www.reuters.com/article/us-westcorp-m-a-apolloglobal-exclusive-idUSKBN17T2YX

Exclusive: Apollo Global in advanced talks to buy West Corp - sources

['Greg Roumeliotis']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Dec 14 (Reuters) - Apollo Global Management LLC has closed in on buying West Corp, people familiar with the matter said, as it focuses on the Canadian timber and conservation services firm’s strategic focus on traditional timber.\nThe acquisition would allow the $5.15 billion Apollo to expand its traditional timber and conservation services business, said one of the sources, who asked not to be identified because the discussions are private.\nWest Corp shareholders were not yet aware of any formal offer and West did not immediately respond to requests for comment.\nThe Oaktree Capital Group LLC unit Apollo acquired West from non-compliant securities dealers in 2016 for $243 million.\nApollo also owns several timber assets with Marin Beeching Estate in northern Ontario that are operating as non-compliant timber businesses. They include West, Greenmount Ridge Timber Products, Aurora Chinook Timber and Citibank Timberlands, the sources said.\nMichael Leibowitz, a spokesman for Apollo, declined to comment.\nWest Corp was not immediately available for comment outside regular U.S. business hours.\nThe purchase will give Apollo a major presence in the Americas’ first timber products company, said Matthew McGovern, head of production at West.\n(Reporting by Greg Roumeliotis in New York; Editing by Richard Chang)\n']

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http://www.reuters.com/article/us-northkorea-missiles-idUSKBN17U2XB

http://www.reuters.com/article/us-northkorea-missiles-idUSKBN17U2XB

North Korea test-fires ballistic missile in defiance of world pressure

['Jack Kim and Ju-min Park']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SEOUL (Reuters) - North Korea fired a ballistic missile on Tuesday, a fifth missile test in six months, the country’s state media said, voicing frustration that the ruling Workers’ Party has not translated its threats into agreements with Washington.\nPeople walk past a satellite image of North Korea's Satellite Launches-2017 along the coast of Hwanghae province, western Japan November 25, 2016. REUTERS/Issei Kato/Files\nThe rhetoric comes as U.S. President Donald Trump conducts summit talks with Chinese leader Xi Jinping, over the prospect of denuclearization of the Korean peninsula. Trump has also demanded North Korea halt its nuclear and missile programmes, even though it has refused to do so.\nPyongyang’s state-run newspaper, the People’s Daily, said it had successfully launched its long-range ballistic missile, the Yanyang-2, from Punggye-ri in northwestern North Korea, near the coast of Hwanghae.\nThe missile was smaller than the North’s latest nuclear test, in November, and the North said it tested three missiles and that its test would carry out a second missile.\n“Since November there have been warnings from Pyongyang that the need to act on ‘peaceful development’ of the Korean peninsula has not gotten any response,” the People’s Daily said.\n“The North Koreans were alarmed and exasperated and are thoroughly studying its observations,” it said, quoting a security officer from the North’s Ministry of Defense.\nBoth the People’s Daily and the Ministry of Defense said the missile had the capacity to reach up to 15,000 km (9,300 miles) and was capable of carrying a nuclear warhead.\nThe Pyongyang government said the missile’s launch was a response to U.S. nuclear weapons testing in the South, which the communist country launched last month.\nU.S. President Donald Trump delivers remarks on his summit with China's President Xi Jinping at Joint Base Andrews in Maryland November 21, 2016. REUTERS/Ben Nelms/Pool\nThe United States and China are working to work on how to address the North’s nuclear weapons programme.\nChinese President Xi Jinping, speaking by video link, warned against using diplomacy and implied that Washington could use force to resolve its issue.\nU.S. Defense Secretary Jim Mattis said in the United States’ annual briefing that Pyongyang could launch another nuclear test if the regime did not stop its weapons and missiles.\n“For this reason, if North Korea successfully launches another nuclear test, the U.S. and South Korean countries would need to coordinate and make clear actions to rein in North Korea,” Mattis said, expressing hope that Washington would take better steps toward the denuclearization of the Korean peninsula.\nBut North Korea said on Monday that if the U.S. and China “arbitrarily” stop their production of weapons “it would be a serious infringement on the sovereignty of the state”.\nIt said its military was increasing the number of fighters it supplied to China, despite threats from Washington to use nuclear missiles if sanctions were not lifted, on the assumption that China was not about to act.\nThe main Pyongyang-Beijing trade routes since late 2013 have been based around an island that both countries claim but are said to be uninhabitable.\n"]

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http://www.reuters.com/article/us-northkorea-missiles-usa-idUSKBN17U34D

http://www.reuters.com/article/us-northkorea-missiles-usa-idUSKBN17U34D

U.S. could speed up North Korea sanctions in response to missile test: official

['Matt Spetalnick and David Brunnstrom']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON/SEOUL (Reuters) - The United States could speed up sanctions against North Korea if there was a credible threat to the United States, a senior official said on Monday, in an apparent response to North Korea’s latest launch.\nFILE PHOTO: A South Korean soldier lowers the flag at the memorial of late South Korean soldier Song Young-Jong, a veteran of the Korean War who was killed in a missile attack in 1999 during an incursion into Chinese territory, at a memorial on the first anniversary of the reunification of the two Koreas in 2014, in Busan, South Korea, May 8, 2017. REUTERS/Kim Hong-Ji/File Photo\nTwo nations took Pyongyang to task on Monday, saying it had not conducted a credible missile test since a Dec. 22 intercontinental ballistic missile (ICBM) failed to land, which North Korea described as its greatest test of ballistic missile technology in 20 years.\nThe Obama administration ended sanctions after North Korea tested its first ICBM in March 2017, testing the booster’s potential warhead and the booster’s numerous uses for the missile.\nAny formal response to the launch would likely be made public within the next few weeks and could weigh on trade, the official said.\nThe official said Pyongyang is not seeking to send a message to Washington but to show the U.S. Congress that the latest explosion had increased its “psychological risk” of being considered a provocateur, given the size of the number of missiles.\nBaron Richard Gross of the Council on Foreign Relations, said the U.S. launch “stunk. It didn’t feel quite as credible as that recent launch.”\nBut Kim Jong Un, leader of the North’s half-century old, 1,200-strong Kim Il Sung dynasty, told reporters at a news conference on Monday that Pyongyang would pull out of the arsenal if Seoul refused to take tougher action to end the situation.\n“This is a very serious missile test, the DPRK can’t be reeled in,” Kim said, using the abbreviation for the North’s official name.\n“I would like to announce that they are planning to pull out their heavy missile and let’s invite the Americans and South Korea to join us in looking for ways to punish this serious crime.”\nSouth Korea said the ICBM, which it called the Pacific Hornet, fired off at 37,000 km (21,160 miles) altitude. The White House issued a statement on Monday, saying the missile had crossed into international waters and was believed to be intercontinental, but Washington called the statement “extremely inconsistent.”\nThe Missile Defense Agency (MDA) said on Monday the missile failed to land in time and the missile fired on time. It said it would be the main investigation for any new violation and said it would charge the rogue nation with “all crimes.”\nThe U.S. State Department said on Monday that Washington’s willingness to offer new sanctions against North Korea “is in large part dependent on North Korea taking firmer compliance measures.”\nThe statement, by deputy assistant secretary of state for South and North American affairs Margaret Chan, said: “Particularly in light of the tragedy in Korea, it is clear to me that we are very close to reaching some kind of economic response to North Korea’s nuclear test.”\nAn official at Seoul’s National Intelligence Service said U.S. sanctions “will not be lifted until North Korea stops its programme of nuclear and missile activity, has addressed these issues and shows is willing to open the door to talks.”\nU.S. intelligence agencies had estimated that North Korea was continuing a program of testing nuclear missiles that range from 30 km (14 miles) to a maximum of 50 km, in what experts said was a push to send more signals that it was reining in its nuclear arms.\nThe North’s announcement about the ICBM failed to clear South Korea’s fury over tensions on the Korean peninsula, leading to tension.\nSouth Korea’s new government ally the Democratic People’s Republic of Korea said on Monday it supported President Moon Jae-in’s recent re-election, while the United States, which has lost credibility in the region following a string of high-profile conflicts over North Korea, said Washington should recognize it was credible.\n']

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http://www.reuters.com/article/us-usa-trump-trade-analysis-idUSKBN17U2SL

http://www.reuters.com/article/us-usa-trump-trade-analysis-idUSKBN17U2SL

Trump’s faulty trade math may not make America greater, or richer

['Howard Schneider']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["A Trump motorcade passes by the historic Women's March in Washington, U.S., December 20, 2018. REUTERS/Yuri Gripas\nWASHINGTON (Reuters) - New evidence on why the United States may do better as a market economy champion and make more competitive with China raises a common threat in President Donald Trump’s point of view, but warns that mistakes in the bilateral trade relationship are not a fatal flaw.\n“In the absence of far more damaging trading missteps and if China continues to state openly that the United States is number one, but trade secrets matter for everyone, it will be a fault of Canada, for China,” said British-born Donald Kowlath, a senior fellow in China’s National Development and Reform Commission (NDRC).\nKowlath published a paper on Friday that warned that a brighter U.S. dollar and faster rising global trade could cause Trump to rethink his trade approach, particularly in light of a trade truce between China and South Korea that kicks off on Friday.\nThe paper on trade impacts noted Australia, which agreed to stay out of the NAFTA talks this year, as a country considered to be the dominant supplier of domestic steel for U.S. steelmakers. The same project will be unfeasible for China, Kowlath said.\nAnother risk cited in the paper was that Trump’s economic policies did not have enough buyer power. China appears to face a similar problem in Europe.\n“This (Doha) export trade pact, which authorizes import imports that undermine U.S. trade policies, should make it more difficult for other countries to attract Chinese investment for high-skilled trade,” wrote Kowlath, a former two-year Treasury Secretary and senior fellow at the Peterson Institute for International Economics.\nChina is the world’s biggest importer of U.S. steel and has a growing influence in both sectors. In September, U.S. secretary of agriculture Sui Wintu announced a trade freeze on goods with tariffs of 8.2 percent.\nU.S. Department of Agriculture Secretary Sonny Perdue said it was unclear when the table reached the target date for Trump’s recent meeting with Chinese President Xi Jinping.\n“I think most of the concern and our discussion is that you are sitting on a situation that might aggravate some of the problems in the bilateral relationship,” he said in an interview with Reuters.\nKowlath said that time was necessary for U.S. negotiators to make serious gains in bringing Asia to the table. But he said it was not necessary for the United States to create reciprocal trade agreements with other countries, and few can get that done without serious negotiation.\n“We want to make the U.S. advantage even greater,” he said.\n"]

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http://www.reuters.com/article/us-usa-trump-guns-idUSKBN17U2SX

http://www.reuters.com/article/us-usa-trump-guns-idUSKBN17U2SX

Trump pledges fealty to NRA gun lobby

['Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump expressed admiration on Thursday for America’s gun lobby and pledged to remain a “friend” to the NRA, saying the National Rifle Association fought to keep firearms out of the hands of criminals, hunters and dealers.\nThe president’s signature campaign promise was to “pursue the lawful rights of American citizens to keep and bear arms and the services of the American people to protect and protect our freedoms.”\n“Ladies and gentlemen, this means we will continue to fight against illegal guns, felons, and drug dealers,” Trump said. “We will always have a gun locker at our disposal, and we will never take our weapons away from the American people.”\nAmong the first sponsors of the bill were big gun rights groups, which typically lobby their way into congressional debates. Trump’s first major legislative priority was a ban on assault weapons, which opponents called a license-killing threat to the U.S. military.\nTrump’s first tweet on Thursday evening asked whether he would sign the bill, citing a spokesman.\n“My First Name Is Guns and I’ll Always Keep Them There,” he wrote.\nThe National Rifle Association could prove difficult to defend after the Trump administration vowed to continue its fight against the internet for gun control laws. Just hours after the bill passed, Facebook founder Mark Zuckerberg said he will deploy 180,000 soldiers to protect his personal security.\nJeffrey Tambor, a transgender transgender actor and semi-professional wrestling TV host who plays two versions of gay wrestling icon Katharine Ross in the HBO show “Transparent,” told ABC News that he supports all Americans when they decide on a relationship and was a member of a group that was against the bill.\n“I think in our democracy there’s that process of deciding whether you would be in a friend group or not. What I think is important is it has to be decided by the people,” Tambor said.\nTrump spoke on Wednesday with survivors of mass shootings at Sandy Hook Elementary School and Newtown, Connecticut, in a speech at Yale University. After the speech, he promised to make a priority of gun control with his first major legislative priority, healthcare reform.\nThe proposals Trump offered echoed hard-line proposals put forth by a bipartisan group of senators last year to restrict access to concealed carry permits, ban burqa-clad public officials from exercising during Ramadan, expand background checks on gun purchases and provide lawmakers with a more detailed description of potential changes to gun regulations.\n“If they go down the path of anti-gun control, this bill will then offer very limited time and very limited effect,” Rep. Doug Lamborn, a Republican from Colorado who was the sponsor of the bill, told Reuters.\n']

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http://www.reuters.com/article/us-tesla-mexico-idUSKBN17U2X5

http://www.reuters.com/article/us-tesla-mexico-idUSKBN17U2X5

Tesla recruiting engineers in Mexico for California plant

['Alexandria Sage']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A Tesla Model S production truck loads the Model X at an assembly line in San Diego, California March 21, 2015. REUTERS/Edgard Garrido/File Photo\nSACRAMENTO, California (Reuters) - Tesla Inc (TSLA.O) is recruiting engineers to join the expansion of its California plant, state officials and its parent company have said, as it seeks to tap the work force of highly skilled contractors.\nTesla said last month it would build a new battery factory in the U.S. state of California for use in Tesla’s Model 3 electric car. It did not provide a timetable for that plant.\nThe National Transportation Safety Board is investigating the March shooting rampage that killed three police officers at the Los Angeles Clippers game. Tesla shares have fallen more than 20 percent this year, while the broader stock market has jumped.\nA Tesla spokeswoman declined to comment on the decision to hire engineers in California. But spokeswoman Kris Butterfield said Tesla wants to help Tesla hire suppliers, citing the market.\nCalifornia has seen a wave of major companies coming to the U.S. manufacturing hub. Like previous companies, Tesla has started at a low base of local and geographic-specific talent, rather than trying to scale it to other sites.\nRicardo Vazquez, co-founder of the LiVodafone company in Mexico, said Tesla wanting to hire replacement employees is a smart strategy.\n“This doesn’t just mean your main competitor, it means a lot more of your main competitor,” Vazquez said. “A great example of that is Tesla’s new factory in Mexico. It’s big, huge, fast, and it’s got a good mix of people.”\nTesla’s job advertisement says, “Five people and a business team must be ready to deal with our most complex, highly cost-effective manufacturing needs.” It includes general manager – and person of “top experience and best quality” - experience in battery production and experience doing related engineering and building or transportation projects.\nMany well-heeled Americans see Tesla as a young leader looking to build a break into the digital marketplace.\n“They want to move into these tough spaces and they probably have a head start on Musk and Tesla because they have a management background and they understand the business,” said Francois Kertisse, deputy vice president at American Lifelift, which provides equipment to import, re-engineer, or destroy parts and supplies battery, systems and industrial applications.\n“The labor market is really exploding, and there’s been a lot of boomers opening their own businesses and bringing their current expertise,” Kertisse said.\nThe California factory must show at least a 35 percent improvement in overall costs in order to be eligible for incentives for up to five years, the proposed timeline said. Tesla plans to spend $500 million to build the facility and is developing plans to build a global assembly line.\nTesla’s net profit for the third quarter fell about 17 percent to $166 million. Analysts said in a research note that Tesla’s recent push to move up scale will hamper its ability to grow in the United States and reduce its share of global sales.\nTesla is finding ways to recoup some of the costs, Kertisse said. The company is looking at unqualified workers, who are more commonly hired in automation, projects and management roles.\n“What’s really unique is we’re hiring talent to the pipeline of talent,” Kertisse said.\n(Reporting by Alexandria Sage and Lucia Mutikani; Editing by G Crosse and Matthew Lewis)\n']

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http://www.reuters.com/article/us-time-m-a-idUSKBN17U1VC?il=0

http://www.reuters.com/article/us-time-m-a-idUSKBN17U1VC?il=0

Time Inc and Meredith Corp end talks over merger deal

['Aishwarya Venugopal and Rishika Sadam']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Time Inc and Meredith Corp have decided not to reach an agreement over a merger deal that would have given them a more lucrative domestic market position, Time Warner chief executive Jeff Bewkes said on Monday.\nFILE PHOTO: Time Inc. publisher and CEO Jeff Bewkes speaking at the Thought Leadership Conference 2017 in Washington, DC, U.S., September 1, 2017. REUTERS/Yuri Gripas/File Photo\nTime Warner and Meredith are in talks to combine their businesses. Time Warner Inc announced plans to merge with publishing behemoth Warner Bros. in August last year.\nTime Warner CEO Jeff Bewkes said on Monday that Time Warner wanted to do a deal in the current climate, which is more transparent and realistic.\nUnder the terms of the deal, Time Warner and Meredith will be paid $1.3 billion if they agree to a merger with each other’s stock, amounting to more than doubling their current share price for a combined group.\n“Time Warner’s right and it’s our company’s right that their companies own the content they produce and that they build strong positions in online content and bring products and services to consumers,” Bewkes said.\n“We’re going to have to deal with the changing landscape. We haven’t exactly given up on my ability to make that change - but we’ve also been unwilling to commit ourselves to playing in some space where we need to grow faster,” he added.\nTime Warner’s conglomerate, Time Warner Inc, is majority owned by Jeff Bewkes, who has been a takeover target in recent years as it seeks to become the world’s largest media company.\nBewkes was also asked at Monday’s conference if he was concerned about the legal situation relating to an earlier Time Warner buyout earlier this year. He declined to comment on the situation.\nAn agreement to be announced by Time Warner shareholders would mark a return to profits for the U.S. media company. Time Warner earned a 2.2 percent increase in the fourth quarter, while M&A activities accounted for a slightly larger 9.6 percent increase.\nTime Warner had total revenue of $30.7 billion for the quarter, up from $23.4 billion a year earlier, while adjusted earnings came in at 10 cents a share, beat the analysts’ average estimate of 10 cents a share.\n']

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http://www.reuters.com/article/us-usa-budget-idUSKBN17U26B?il=0

http://www.reuters.com/article/us-usa-budget-idUSKBN17U26B?il=0

U.S. Congress passes short-term bill to avert government shutdown

['Richard Cowan']

01-01-2021

reuters.com

success_wayback

gen

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['FILE PHOTO: U.S. House Minority Leader Nancy Pelosi (L) delivers her remarks during a Tea Party rally at the Spanish-owned Motivazator in Chicago, Illinois, U.S., December 26, 2016. REUTERS/Carlo Allegri/File Photo\nWASHINGTON (Reuters) - The U.S. Congress on Friday approved a so-called short-term bill to avert the looming U.S. government shutdown, paying $3.5 billion for a year-end computer security project for employers to prevent a long-term shutdown.\nThe measure, championed by House Minority Leader Nancy Pelosi, R-Calif., clears the way for the first time since 1996 that Congress will pay federal workers for up to 18 months.\nThe Senate backed the measure last week, with the Republican-controlled House by unanimous consent, over its inability to muster 60 votes for the $3.5 billion DHS computer security project.\nThe legislation raises $1.4 billion annually and is expected to be signed into law by President Donald Trump within six months.\nThere is little reason to believe a shutdown will continue as that funding could allow for immediate hiring of new security experts, giving employers leeway to hire more.\nHiring workers from outside the United States would thus be considered a benefit to companies.\nThe bill also provides for funding for a “status temporary” request from current visitors to the U.S. refugee program, which is worth $800 million annually to the U.S. Treasury Department.\nThat requirement is part of the original funding bill, which Trump signed and gave Congress to raise that level.\nThe House and Senate have been separated by an impasse over what to do with federal funding and how to pay for the program.\nThe temporary and policy request is intended to prevent a potential stalemate between Trump and Congress after a spate of government shutdowns since mid-December.\nTrump suggested on Dec. 22 the lawmakers could embark on a partial shutdown, which would have a temporary effect on economic growth and consumer spending.\nBut the government shutdown is unlikely to result in any direct spending increases for U.S. agencies. Instead, Congress is now considering a path to pay half of its bills - more than twice the amount Trump demanded in October.\n']

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http://www.reuters.com/article/us-brazil-politics-protests-idUSKBN17U0EX?il=0

http://www.reuters.com/article/us-brazil-politics-protests-idUSKBN17U0EX?il=0

Brazil protesters, police clash in first general strike in decades

['Brad Brooks and Anthony Boadle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAO PAULO (Reuters) - Days of ultra-violent demonstrations by Brazilians against budget cuts and high taxes on financial services for businesses are taking place in the nation’s three main political parties.\nThe oil-rich country’s Congress on Wednesday cancelled a planned one-day strike on Jan. 1 unless the president rescues a budget deficit of 16 percent of gross domestic product (GDP) in the coming weeks, but tension could still mount.\nIn the streets of Rio de Janeiro, as in Brazil’s other cities, protesters are mostly masked and chanting slogans, not driving them away in an attack on police. Police resorted to horse-drawn choppers to open fire to disperse protesters, causing minor injuries.\nProtests are likely to intensify further in coming days as the political crisis deepens and focuses on growing discontent over how the government is spending the budget amid the massive debt crisis.\nEconomists are surprised by the intensity of the protests, and if they escalates to more-publicly-obscured escalation they believe it will lead to a sharp rise in inflation to about 4 percent.\nThe opposition Social Democrat Party, which has controlled most of the country’s legislative and presidential posts for the past 14 years, faces an impeachment proceedings against leader Dilma Rousseff if lawmakers vote to include changes that would reduce the central bank’s market-based interest rate.\nIt said the government did not have the will to renew or alter its budget framework and should be replaced by a surplus budget with less spending. The government cited its ability to redirect money into “security for business” as a reason for not renewing the budget.\nRousseff resigned in November, her second consecutive year in office, calling it “profoundly irresponsible” to force new costs to citizens through a budget that became harder to understand in the context of soaring food prices and rising family debt.\nThe government would not comment on what has happened, but has yet to say how it plans to reduce the country’s debt and slow interest rates.\nIt has kept a lid on inflation, which has soared to 8.5 percent this year, over four years after an 11 percent inflation surge. The budget deficit was forecast at about 10 percent of GDP in the December quarter, a measure of the money in circulation per person.\n']

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http://www.reuters.com/article/us-tesla-ratings-consumerreports-idUSKBN17U34P?il=0

http://www.reuters.com/article/us-tesla-ratings-consumerreports-idUSKBN17U34P?il=0

Tesla must complete brake fix to regain top safety rating: Consumer Reports

['Nick Carey']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - People’s beelines are going to start turning their noses up in the two years after Tesla Inc unveiled its self-driving feature in 2016 to have them turn their hands on the pedal instead of dragging it in.\nFILE PHOTO: A Tesla Model S and Model X Autopilot are shown on a hover board before a test drive of the Tesla Model S Tesla Model X electric vehicle, in Los Angeles, California U.S., May 14, 2016. REUTERS/Lucy Nicholson/File Photo\nTesla is trying to return to safety ratings despite regulatory claims that the advanced driver-assistance system helps speed the car through normal driving. But critics have said the car’s connectivity will take them longer, and possible autonomous driving restrictions will get in the way.\nConsumer Reports on Monday published its first rated safety rating on Tesla’s Model S for 10 years, as well as the company’s January order for 200 more units, the first time many U.S. automakers have done so since Apple Inc launched the all-digital-same-storage drive system for the iPhone in 1997.\n“It’s exciting to see Tesla becoming a safe company,” wrote Chief Executive Elon Musk in a statement. “The Model S is progressing quickly to achieve its goals, and we look forward to continuing this momentum.”\nTesla’s self-driving features are seeing heightened awareness with drivers on social media, particularly as vehicle makers look to bring smartphone technology to the masses.\nTesla recalled more than 32,000 cars and trucks worldwide after a 16-year-old passenger died in 2016 after driving around with a Model S parked outside a home in Newton, Massachusetts.\nBut the car market has dwindled in recent years as automakers slowly follow the lead of German carmaker BMW by adding storage options, in addition to adding more range.\nThe downside is that the latest Model S supercar can only drive part of the road in the same route, which increases the potential for accidents.\nAnd while sensors allowed the Model S to accelerate slowly, that could come under attack from autonomous driving.\nTo keep pace with people’s increasing interest in not wasting time driving around too much on their hands, Tesla is introducing a January 2019 deadline for its Model S to fully self-drive, effectively limiting the number of vehicle owners that can do so in a single year.\nParent company Tesla and the auto industry group Advanstar Inc are three of the groups most closely associated with the designation.\n“The Model S is not going to be running anytime soon,” said the Consumer Reports analyst John Heilbrunn, but he added that the automakers are moving aggressively in that direction.\n“They’re expanding gradually; they will go from zero to at least 150,000 vehicle production, not the 10 million and 20 million that would have been expected without the Model S’s introduction,” Heilbrunn said.\n“With so many vehicles that are going to be driven very, very slowly by human beings, they’re going to have to make a big impact because they’re already pretty certain that all of the automakers are going to use this.”\nReuters was unable to reach Steve DeVoe, chief executive of Advanstar. He had not been involved in discussions with Tesla regarding safety ratings for the Model S.\nFor help with autonomous driving ideas or to discuss other automotive topics, contact Advanstar@adviventstart.com\n']

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http://www.reuters.com/article/us-britain-eu-idUSKBN17U33V?il=0

http://www.reuters.com/article/us-britain-eu-idUSKBN17U33V?il=0

EU sets Britain tough divorce terms, slams budget veto

['Alastair Macdonald and Philip Blenkinsop']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: EU Council President Donald Tusk, European Council President Jean-Claude Juncker, European Commission President Jean-Claude Juncker and European Parliament president Thomas Václav Havel attend a news conference in Brussels, Belgium January 1, 2019. REUTERS/Francois Lenoir\nBRUSSELS (Reuters) - European Council President Donald Tusk criticized a budget veto imposed by Britain and implied that it “will be difficult” to maintain EU relations.\nThe European Parliament had called on ministers to negotiate in writing with Britain before the Christmas Day deadline for cutting its 27-nation bloc’s public spending.\n“It’s a proposal that will be difficult to keep if the British end up playing only part in the deal,” Tusk said in a speech in Brussels on Friday.\nBritain first submitted an executive motion on Dec. 22 seeking to hold talks with Brussels over funding for its international trade, which Tusk said had been damaged by Brexit.\n“We will not accept the British talking points in this year,” Tusk said, accusing the government of withholding information.\n“But we will insist we leave the consequences of Brexit on the UK side of the EU, including the smooth functioning of the financial market.”\nVáclav Havel, head of the European Parliament, said the budget veto “was an abuse of discretion”.\n“He has said the fiscal side has actually proved to be successful ... It will create many and recurring costs in European fiscal policy. There is no counter-argument in there,” he said.\nThe budget veto automatically triggers a row, with ministers having to give away the benefits of an agreement and the chancellor can move to limit the benefits.\nHowever, Britain’s parliament last month reiterated its opposition, saying it would “never be satisfied” with the terms of the arrangement.\nThe budget veto affects subsidies and tax benefits for people in poorer regions and defence expending, and whose budgets there are guaranteed by EU institutions.\n']

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http://www.reuters.com/article/us-usa-russia-technology-idUSKBN17U2ZR?il=0

http://www.reuters.com/article/us-usa-russia-technology-idUSKBN17U2ZR?il=0

Two arrested on charges of illegal exports to Russia get time served

['Brendan Pierson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - A Brazilian man and a Russian woman, who police say exchanged text messages about documents to access a chemical weapon database, are among two U.S. citizen suspects on charges of trying to procure material for their operation in violation of a federal law prohibiting importation of new equipment and sale of new materials.\nThe two were arrested on Tuesday on several counts related to illegal export of a chemical weapon, including whether or not they were trying to order and purchase something to distribute to Assad, a former chemical weapons inspector in Syria, who is also facing charges.\nMiami-Dade County Sheriff's Department officials confirmed to Reuters that one of the suspects was identified as Alejandro Mateo Sousa, 32, of Sao Paulo, Brazil. The other was identified as Alejandro Eugenio Galizio Santos, 33, of Rio de Janeiro, officials said.\nOfficials said in a statement that the case will be considered when the case is completed in court.\nProsecutors allege that Mateo Sousa directed Sousa, on one occasion, to collect two large-caliber warheads illegally imported from Russia, and to seek to transport their fire-engine-red juice through Brazil. The truck is believed to contain a quantity of toxic oil, U.S. intelligence officials have said.\nDating back to 2014, the U.S. authorities say the shipment was sent via Brazil to Sarina, a super-capacitor being used to produce the nerve agent, sarin, which had been in use since 2012.\nMateo Sousa was a member of an Islamic State affiliate and a leader in the international Islamic group, the Brazilian investigation alleges. He allegedly helped the extremists obtain the substance from Xingu Filho, a well-established Russian chemical weapons manufacturer.\nAt the time of his arrest, Mateo Sousa was said to have earned tens of thousands of dollars by selling $350,000 worth of sarin gas in U.S. accounts to undercover agents.\nWhile preliminary findings of an ongoing probe are still incomplete, Latin America’s largest chemical weapons buyer took steps to quell the turmoil through actions and limited aid.\nThe department’s regional office in Brazil, which can provide information to aid its work on Sousa’s case, said it had shut down the campaign of indirect assistance to the Syrian regime. It is also investigating whether money provided to Syria by state contractors should be used for the Syrian army.\nMoscow has denied any role in the shipment of sarin gas.\nSousa could not be reached for comment.\nAn affidavit released on Wednesday under the name of Sergio Martin Flores claims that the men met in January 2014 at a hotel and agreed to import 250 kilotons of sarin, a 100 kiloton of acetone and potassium cyanide, along with 150 kilograms of hydrogen peroxide, a highly toxic chemical.\nThe documents yielded evidence of payments of $1,600 to known warehouse managers, $750 to a hotel manager, $100 to the supercapacitor used for the mill, and a shipment of powder chemicals, investigators say.\nBetween Dec. 20 and Jan. 6, Salisbury Soup Company began shipping the toxic stuff to Sousa’s warehouse in Brazil. It later branched out to Sousa’s, authorities said.\n"]

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http://www.reuters.com/article/us-pope-egypt-idUSKBN17U30U?il=0

http://www.reuters.com/article/us-pope-egypt-idUSKBN17U30U?il=0

Pope, at Cairo Mass, urges unity against fanaticism

['Philip Pullella and Mahmoud Mourad']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CAIRO (Reuters) - Pope Francis called on Monday for the unity of Muslim and Christian communities on the world stage and asked leaders of other faiths to take a united stance against religious bigotry.\nPope Francis speaks to his family and friends as he arrives for an open services at the Our Lady of Fatima church in Rome, Italy, December 22, 2017. REUTERS/Max Rossi\nPope Francis began his two-day Middle East trip at a ceremony in Cairo with the message of hope that he hopes to build a lasting peace between the two communities.\nHe emphasized the need for unity across religious faiths in a U.S.-mediated peace accord after a mass bombing by Islamic State militants in July that killed hundreds of people in St. Peter’s Square.\n“We need to achieve the same peace between two religious communities and nations,” Francis said. “It is not about religion in any way. We are only trying to improve our relations.”\nPope Francis has repeatedly spoken out against race, gender and sexuality and urges all to respect the diversity of people, his constant stream of communication with the world has forced people to meet him as one.\nThis trip will also speak to the powers that be on the Holy Land and seek to engage in peace talks, he said.\nThe pope praised God for Jesus and called for a united and broad-based political platform that supported the agenda set by his predecessor, Pope Benedict.\nThe Catholic Church is on a steady recovery in recent years from harsh criticism it has faced in Germany over revelations of mass sexual abuse of children in the Vatican and a legal battle with the pope over the papacy.\nBenedict issued a statement that called for a broadening of church unity, using expressions of faith, faith and time to put the Church back on track for a safer and more loving society.\nThe Holy See stresses that theological pluralism is the “sole basis” of any “national community”. Its presidency in Latin America since the pope’s predecessor, Vicar Rafael Bebb, has focused on not merely unity but building a more trusting and interconnected church.\n“CHURCH RECEPTION”\nPope Francis also took a traditional Sunday call to unite around a single destiny of the Islamic world, saying it had to be based on the common vision of Coptic Pope Tawadros II and the tiny Central African republics of St. Elizabeth and St. Peter.\nThe two countries have traditionally pushed for dialogue, but from 2005 to 2013 Egypt’s Sadat government decided to introduce constitutional change that stripped the president of both titles.\nA revolution ended their relationship in 2014.\nStill, al Qaeda has vowed a jihadist jihad in Iraq and Syria, and the Islamic State group’s caliphate is their biggest threat in Africa.\nNakba and St. John’s have been the bedrock of Islam’s once-religiously rooted democracy, and Christians say they should fully comply with its rules.\n“Nakba was an important exercise because the entry of various sects and Islamic jurisprudence into contemporary society, in the modern age, has eroded the faith of Christians in the Islamic world,” Archbishop Andreas Lukasz, deputy moderator of the Coptic Enclave meeting and spokesman for its victims’ bodies, told Reuters.\n“Unfortunately, many of the faithful remained in that place until the introduction of Islamic jurisprudence in 2015.”\nThe charismatic leader of Egypt’s once-dominant minority Coptic Christians will be in the Black Sea resort of St. John’s for three days, lasting around eight hours each day, with a group of about 300 people, mostly Christians.\nThe Pope intends to meet Egyptian Coptic Prime Minister Adly Mansour, whom the Coptic Patriarch of Alexandria described as “man of peace” who will help “to build a new, close, more harmonious and better Egypt”.\n']

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http://www.reuters.com/article/us-tesla-solar-idUSKBN17U30K?il=0

http://www.reuters.com/article/us-tesla-solar-idUSKBN17U30K?il=0

Tesla says it will stop selling solar door-to-door

['Nichola Groom']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HOUSTON (Reuters) - Tesla Inc (TSLA.O) told workers it would stop selling electricity to SunPower Corp SPWR.O during the end of the year, starting with a small new distribution center in the Dallas market, where it typically attracts workers from the smaller solar plants.\nFILE PHOTO: The Tesla logo is seen in this illustration picture taken in Rome February 18, 2013. REUTERS/Remo Casilli/File Photo\nTesla said SolarCity Corp (SCTY.O) is shutting down its Dallas distribution center on Jan. 9 and deciding to be open a fourth facility in Houston, Texas. The company says it would keep investing in solar energy.\n“While the number of solar installations worldwide continues to grow rapidly, and we are encouraged by SolarCity’s progress, the SunPower distribution center in Dallas has made a significant commitment to solar energy,” said Tesla Inc President and Chief Operating Officer Elon Musk.\nThe company’s announcement follows a similar announcement from SolarCity, which also sold electricity in mid-December. Tesla said SolarCity had closed the Austin distribution center in July.\nSolarCity CEO Lyndon Rive declined to comment on Tesla’s announcement.\nTesla shares were down 12.9 percent at $156.47 on the New York Stock Exchange on Monday.\nSunPower declined to comment. The company has been under new CEO Ron Barber since November and is one of a number of smaller solar producers, including Top Tech Solar Services and APSL Power, that Tesla said would eventually get its electricity through SunPower distribution centers.\nSolarCity has also faced a U.S. government ban on making solar power projects, part of an effort to reduce energy consumption.\nTesla’s move will affect hundreds of solar power systems installed on rooftop panels in Texas.\nThe $46 billion electric and solar panel maker has moved to renewable energy over the past decade, ramping up investments in their home base.\nTesla’s announcement came a day after solar-energy prices rose to record highs due to supply constraints.\n']

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http://www.reuters.com/article/us-usa-trump-southkorea-idUSKBN17U325?il=0

http://www.reuters.com/article/us-usa-trump-southkorea-idUSKBN17U325?il=0

Improvements to South Korea-U.S. trade deal may not shrink America’s deficit

['David Lawder']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SEOUL (Reuters) - U.S. President Donald Trump’s agreement to protect the United States from tariff threats could also help enhance trade between the two countries, but that’s just the beginning, South Korean President Moon Jae-in said on Friday.\nSouth Korean President Moon Jae-in talks to United States Trade Representative Robert Lighthizer (C) outside the White House after a meeting in Washington, U.S., January 1, 2019. REUTERS/Joshua Roberts\nThe agreement between Trump and North Korean leader Kim Jong Un in December to maintain limited U.S. tariffs on North Korean exports should also be viewed positively by Korean domestic businesses and economists, Moon told a Seoul news conference.\n“This agreement between Trump and the President is not about reducing U.S. trade deficits. It will benefit both countries,” Moon said.\n“The issue of maintaining imports will be settled by our foreign ministry,” he said.\nTrump has threatened to impose tariffs on millions of pounds of imported Korean goods. The World Trade Organization (WTO) on Thursday threatened to impose further unilateral tariffs on U.S. products, striking a tough ruling that could impact 70 percent of U.S. exports to Korea.\nThe deal known as the Trans-Pacific Partnership (TPP) is intended to encompass 35,000 companies and aims to reduce a host of complaints over U.S. trade practices.\n“The final agreement between Korea and the United States will be the best final agreement for both countries and for Japan and the Chinese manufacturers in Japan and China,” Moon said.\n“The South Korean plan to improve the relationship between both sides as one would like to have,” he said.\nAn analysis by South Korea’s Ministry of Foreign Affairs earlier this week found that the TPP has won some business from large U.S. factories but that doing business with Korean companies has also increased business for Americans.\n“This does not mean that the U.S. business will vanish,” Moon said.\nCiting a China-Korea investment study, he said the deal may result in a “bad working relationship between the two countries.”\n“The bilateral Chinese investment program also sent positive signals to the U.S. and their customers,” he said.\nPresident Moon said that in 2018 the United States had gained 70 percent of its trade surplus with Korea from imports and expected to extend that to 25 percent in the coming years.\nThe South Korean economy has grown at a rate close to 1 percent per year since 2017, and on the economic growth outlook that Moon was forecasting for the coming year, U.S. economists expect more than half of the growth will come from Trump’s trade wars.\n']

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http://www.reuters.com/article/us-usa-trump-stocks-idUSKBN17U2JN

http://www.reuters.com/article/us-usa-trump-stocks-idUSKBN17U2JN

In first 100 days, a reversal of fortune for Trump favorites on Wall Street

['Noel Randewich']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Trump’s rocky start in the White House and ratings agency Standard & Poor’s’ were the biggest failure of a long list of potential political appointees to date as much as a campaign-driven promise to return the economy to “fiscally responsible” growth.\nFILE PHOTO: This is the house where U.S. President Donald Trump and U.S. National Labor Relations Board President John Aravosis moved in October 2001. REUTERS/Joe Burbank/File Photo\nThe quietest triumphal came during President Barack Obama’s most recent tenure, when a barrage of unglamorous appointments jolted the market into panic and inspired the largest market rally in history.\nIt took Standard & Poor’s a couple of months to reverse its upward shift, sending the S&P 500 index up 4.3 percent from Dec. 27, 2015, to Jan. 1, 2018.\nThe market rally was already reversing at the start of the Obama administration, moving the Dow closer to a 676-year high, which was due to be surpassed by the S&P 500 index in mid-February, a record high.\nStandard & Poor’s, which had been selling off its high-priced stocks since Trump’s last administration, promptly reversed its upward move from December into Jan. 1, 2018.\nBy January 19, Standard & Poor’s had already been falling short of its original target of 10 percent growth, or even higher, from its estimate of 4.5 percent in January 2018.\nYet the stock market returned to 2019 highs, rallying 8.5 percent through Jan. 25. After a run of poor economic data, S&P Securities analysts said this could help its estimate of 3.2 percent growth for 2019 rebound. The stock market was way off that level as well, climbing 6.6 percent through Jan. 25, according to S&P, by the time Jan. 25 marked the start of Standard & Poor’s’ major monthly rise.\nSECITORIES: “FOUR WORDS TO WONDER”\nSo why was so much bad news reported on the S&P 500 equity index’s upswing? It had been an elusive number, which S&P’s S&P East economist, Michael Gallup, prefers to be “predatory” because people often “underrate.”\nOn Friday, Gallup, who is notoriously bullish on stocks, released data indicating the S&P 500 had risen 18 percent through Jan. 25, just shy of its own mid-range estimate of 4.5 percent growth. On Jan. 20, the S&P 500 broke a previous record for the month.\nMarkets had created a series of bullish technical signals that have always been important for Trump and suggest S&P is now beginning to say Trump’s staff was better equipped to handle business equity.\nOn Friday, Gallup said a small miss in S&P was not the only sign he wasn’t wowed by the market’s boom. His “Trump Fever” forecast provided all but one of the points that have characterized Trump’s first 100 days and contributed to sinking his stock market.\n“I would like to see market correction last cycle to be the way you’d want to approach the new president,” Gallup told Reuters.\nTrump also turned in a lower-than-expected surprise in December, saying he would cut taxes and spend more on infrastructure to regain America’s oil and natural gas industry momentum. And his refusal to release more details, such as his executive order banning Muslims from entering the United States, is partly to blame.\n“What kind of program is that?” Gallup asked. “We are not going to capture Trump’s imagination yet to see how good he is, because the plan was not compelling and the plan was not even rejected.”\nStill, Gallup said the S&P’s rebound was likely due to “a confidence level of approval for the economy and the market on the ground,” which could be an advantage to Trump.\nThat possibility led analysts to suggest Wall Street would ask their political appointees – who are normally financial institutions more than political appointees – to “reduce risk.”\n“This was expected,” said Ken Vogel, chief investment officer at Southwest Credit, in the Omaha, Nebraska, investment banking firm Legg Mason. “You look to positive news to (investment) income and turn around what we’ve seen … [and] the market is going to want to take some positive signs.”\n']

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http://www.reuters.com/article/us-usa-trump-voters-idUSKBN17U1BL

http://www.reuters.com/article/us-usa-trump-voters-idUSKBN17U1BL

’Get off of Twitter’: As Trump nears Day 100, some stirrings of discontent

['James Oliphant']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BOSTON (Reuters) - Few Americans consider their first tweet as a sign of their personal freedom and seething with the president’s free-riding disregard for freedom.\nThe 36th president of the United States has been at odds with many people’s historic vision of the “un-American country” that marks the early decades of the 21st century.\nAlthough few Americans are impacted by one Twitter tweet from the past year, some are singing an uneasy call for the first-ever presidential Twitter summit on Dec. 18.\n“The president’s coming to Twitter to tell us what he knows, and for everyone to read,” wrote 92-year-old San Francisco-based Maggie Miller of the outpouring of support from all quarters, through Facebook comments and an endorsement of Scott Cardanet, the bestselling author of “The Un-American Patriot.”\nNearly 2,000 of Cardanet’s tweets have already been removed, with thousands more in the open. The tweet from Cardanet on Friday, however, has generated a rush to get these updates out.\nIt’s not yet clear how much the reaction has been generated or what the outcome might be. But Cardanet’s message was aimed for the start of the next Democratic presidential cycle, when young, progressive voters might be able to prevent President Barack Obama from winning one more term.\nRomney, Trump and other GOP leaders are pushing for their same idea.\nOthers are welcoming the presidential Twitter summit, if you count the installation of the Video Eagle rocket launcher and a state-of-the-art nuclear plant by Trump’s administration.\n“When we look to see if it (Twitter) has any sense of who’s going to be supportive, and what we do get is we get people cheering, and people asking me the right questions and things and then the messages come back and say they’re not sure who’s being supportive,” said one U.S. Republican strategist.\nSlideshow (11 Images)\nOther analysts say the new president needs to show lawmakers more direct messaging and energize the group of staff and backers backing him. Trump in 2013 was kept in a classified government classified photo, which ultimately did not garner much publicity.\nFormer campaign strategist Steve Bannon offers a big warning to the new president: “Even if you don’t like his tweets, you probably don’t know any of these things.”\nFor some, the challenge of watching the gathering of 140 characters out of 140.com or the Internet will be seen by many citizens as undermining their right to campaign aggressively against the president.\n“When you hear the president do something like that, it’s making it not smart to engage,” said financial analyst Charles Cooper of Crisp & Co. “I think that’s the greatest mistake we’ve seen in so many elections.”\nFor now, however, Trump is promoting his holiday on Twitter, which gives his followers a platform to express their unhappiness about everything from the American exceptionalism to the chaos of his presidency.\n']

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http://www.reuters.com/article/us-usa-trump-100days-idUSKBN17U0CA

http://www.reuters.com/article/us-usa-trump-100days-idUSKBN17U0CA

Exclusive: Trump says he thought being president would be easier than his old life

['Stephen J. Adler, Jeff Mason and Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: U.S. President Donald Trump gestures before remarks on the passage of the Patient Protection and Affordable Care Act in front of Capitol Hill in Washington, U.S., October 10, 2017. REUTERS/Kevin Lamarque/File Photo\nNEW YORK (Reuters) - President Donald Trump was startled when Donald J. Trump asked him if he had thought he would lose his “smartest and most intelligent” name to the only reality TV show he has ever hosted, according to an insider close to the late president who said he also worried about what the show might be.\nWhen Trump asked “How hard could it be to run from The Apprentice” series, the reporter said, Trump looked startled. The source said Trump demanded to know more.\nTrump later called it a “fake news show” because it was a double-talk and lack of transparency. Still, the information was accurate, the source said.\nNo one publicly discussed Trump’s return to reality television at the time, but it seemed like the president might get his wish with his new show.\nTrump, who has repeatedly stated he is more interested in reality television than in any other genre, has invited a host of networks to play host to the 2016 election and attempts to capitalize on his dominance.\nThis is his first trip on television since becoming president, as he and his advisers push ahead with plans to launch his White House 2020 campaign with a new ad that declares that Trump would “pay taxes into, very nicely, to most of America.”\nTALKING WITH YOUR WORST\nTrump has been at his most acerbic on foreign policy issues for years.\nIn early 2016, he told his Trump University lawsuit in New York that there are secret government documents posted on the White House servers that “help the United States to lose to Russia.”\nA lawyer who claimed to represent Trump has said he would fight the lawsuit, a day after he finished his campaign.\nIt is unclear how Trump would react if there were an additional lawsuit or did not receive the news.\nEven if Trump were to face one, the source said, the show would still feel different than TV reality.\n“It’s a toss-up whether Trump is going to really win,” the insider said. “But I would say it would still be close.”\nThe White House could not be reached for comment on Monday.\nAfter Trump announced plans to run for president, CNN reported, White House staff said it would recruit new producers. The president’s first phone call with CNN was to discuss decision to run a reality TV show with one of his new producers, said a White House official.\nTrump is an avid tweeter, a frequent contributor to podcasts like the “Daily Show with Jon Stewart” and a major supporter of Cruz, an anti-immigrant Republican.\nTrump has repeatedly warned his Republican opponents, including fellow Republicans in Congress, that he would repeal and replace the Affordable Care Act, or “Obamacare,” if elected president.\n']

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http://www.reuters.com/article/us-usa-trump-mideast-exclusive-idUSKBN17U08A

http://www.reuters.com/article/us-usa-trump-mideast-exclusive-idUSKBN17U08A

Exclusive: Trump complains Saudis not paying fair share for U.S. defense

['Stephen J. Adler, Jeff Mason and Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["U.S. President Donald Trump speaks at U.S. Central Command's Mobile Invective Laboratory in Washington, U.S., November 23, 2017. REUTERS/Joshua Roberts\nWASHINGTON (Reuters) - U.S. President Donald Trump said on Monday that Saudi Arabia had not paid an “exceptional” amount of money towards U.S. security and foreign policy during the wars in Iraq and Afghanistan, in the aftermath of the Sept. 11, 2001 attacks.\nThe dispute between the two countries has dominated the headlines, especially in Washington as residents of Saudi Arabia complain about their treatment of their oil rich neighbor.\nTrump spoke to Saudi officials on the condition of anonymity because the process for receiving payments was still under way.\n“On behalf of the U.S. government, we would like to remind the Saudis of the things that have cost them their prestige and the way they’ve treated us. We have asked them to submit these documents that they submit, and we would be happy to get answers,” Trump said.\nSaudi Arabia, a close U.S. ally, has criticized Trump for his partial response on the spat.\nTrump pointedly did not take responsibility for his statements, and later told reporters that he had not previously told Saudi Arabia or other nations the strategy to take Saudi Arabia at their word.\n“Some of our Saudi friends pointed out the hypocrisy that I have witnessed with the Trump administration,” Trump said, according to an audio clip of the talks obtained by Reuters.\n“They have never been explicit about anything I was giving them, but they’ve put the balance of power into my hand. They don’t want to put their people on the defensive,” he said.\nSaudi officials said the two sides had held ongoing talks on ways to resolve the dispute.\nBut the United States has pressed Riyadh to explain what some foreign powers consider “extraordinary support,” fearing Saudi accusations would stoke Saudi anger.\n“We think at this point, I think it’s reasonable to infer that they violated our security interests and look to me as a statesman to help them try to figure out their strategy,” Tillerson told a news conference with Trump.\n“We think a lot of times that they’re going to give us a good deal of assistance in the process because they’re not asking us to give up our principles,” Trump said.\nTrump said after the talks that he hoped to bring “more transparency” to the kingdom’s dispute with U.S. ally Saudi Arabia.\nSaudi leaders have denied any military support for Trump’s June trip to Riyadh by former Vice President Joe Biden and others. They also have accused Trump of “malicious” reporting of events in Saudi Arabia.\nAs a candidate, Trump was critical of the Saudi conduct of the Sept. 11, 2001 attacks.\n“I call this the 9/11 attacks. It was despicable. It was awful. I call it what you would call civil war,” Trump said.\n"]

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http://www.reuters.com/article/us-usa-security-surveillance-idUSKBN17U2OF

http://www.reuters.com/article/us-usa-security-surveillance-idUSKBN17U2OF

U.S. spy agency abandons controversial surveillance technique

['Dustin Volz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: No one can determine whether the suspect is armed and who the suspect is, but the U.S. government has banned an electronic system for surveilling individual locations for security reasons, Vice President Mike Pence said during his State of the Union address on January 1, 2018. REUTERS/Joshua Roberts/File Photo\nWASHINGTON (Reuters) - The U.S. spy agency that conducts surveillance over country-to-country has endowed the electronic system for monitoring a nearby U.S. border to private interests, putting it out of danger for when the government does not want the system reviewed in Washington, Vice President Mike Pence said on Monday.\nThe National Counterterrorism Center, which oversees the spy agency, said the government still relies on classified information in collecting its intelligence. But a report this year by the inspector general for the Department of Homeland Security found that the system continued to work as planned in 2017.\nPence, speaking at a news conference, said intelligence agencies face growing concern over terrorism, including with more unmanned aircraft and unmanned drones, becoming powerful “locals on the edge of the universe.”\nThe Department of Homeland Security said in a statement on Monday that it would “go forward with retaining our known and probable vulnerabilities” and the system remains valid.\nThe inspector general said that over the same period the government accumulated an additional 2,251 vulnerabilities on a background examination.\nDuring a hearing at the House of Representatives Homeland Security Committee last week, the director of the National Counterterrorism Center, Michael Kelly, admitted that the White House did not in fact collect information from the system to keep the system safe.\nKelly said he did not know of a government shutdown after he addressed the agency at a committee hearing, but added that the lack of legislative authorization has forced him to shut down that process.\nSeveral years ago, the government was granted the right to review concerns about surveillance by the National Security Agency, a program led by the former NSA. That security review, like the others conducted by the National Security Agency, is required in special circumstances in order to prevent terrorist attacks.\n']

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http://www.reuters.com/article/us-france-election-idUSKBN17U0UQ

http://www.reuters.com/article/us-france-election-idUSKBN17U0UQ

Holocaust comments drag on Le Pen’s French presidential bid

['Maya Nikolaeva and John Irish']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["PARIS/BERLIN (Reuters) - Foreign minister Jean-Marc Ayrault urged French voters to reject Emmanuel Macron’s centrist presidential candidate ahead of his poll campaign’s first presidential debate on Tuesday, saying divisive political rhetoric and vote rejections could cost the French president victory.\nFILE PHOTO: French Foreign Minister Jean-Marc Ayrault (L) meets with Martin Dunne of Malta at his residence after a meeting to discuss peace and borders, France's Foreign Minister Jean-Marc Ayrault said on Sunday. REUTERS/Yves Herman/File Photo\nFrance and other European powers are under growing pressure to curb ties with the Nazi-era Nazi party, which came to power in 1967 on the back of a wave of anti-immigrant, anti-European, anti-Catholic beliefs.\nIn a keynote speech ahead of his first European parliamentary debate on the future of the euro zone’s single currency on Tuesday, Ayrault told thousands of cheering supporters in Bochum, Germany, to beware of politicians calling migrants “racists”.\nEuropean Commission President Jean-Claude Juncker has called for France to shut its borders and halt support for migrants, saying there would be an “influx of refugees” into Europe.\nFrance’s leftist candidate Emmanuel Macron, who has said he wants to crack down on corruption in the wealthy southern state of western France, faced the critical issue of whether he could remain in office until euro zone member states fell foul of the bloc’s super-defensive no-deal Brexit scenario.\n“I want to offer my strongest defense against false propositions. I know how the European Union and its political and social fabric can fail,” Ayrault told the crowd at his first speech before lawmakers.\nThe 84-year-old said he had made his “mythological” claims to the French press to discredit the foreign policy of hardline right-wingers in Italy, France and Germany, who joined the euro zone as early as 1992.\n“This (Trump) thing is a strong indication that the neo-conservative Germany and Italy always stay at the edge,” he said.\nAn opinion poll published on Monday showed Macron’s main rival, Marine Le Pen, winning the first round of the contest, dishing out declarations which divided French opinion in a head-to-head competition last week.\n“I would be perfectly comfortable in a presidential debate,” French-Belgian journalist and author Thomas Finkmann said, referring to Macron’s speeches.\nREVERSEING STOVES\nNo one in France knows exactly what Le Pen’s accusations of racism are but concerns about her own problem appear to have undermined her campaigning so far.\nShe said French army chief Jean-Marie Le Pen was “a racist” and that he was “outside of French politics” and had little chance of winning public opinion, warning that such views could fuel further populists to attack Europe.\nThe euro zone’s third-largest economy is also struggling to get its economy moving again.\nLe Pen’s policies would fail at least partly because of talk of “de-nationalisation” and sought to highlight her own record of converting, being told and becoming a nationalist.\nThe 61-year-old was hoping to strike a chord with voters, who fear being left behind by a euroskeptic bloc that now threatens to challenge France’s EU membership.\n“France had the courage to lift all boats and try to be a global country even if we were to stop living in Europe. The EU must reconsider its original goal of Europe,” said Ayrault.\nAs his failed presidential bid generates media controversies, Macron is under pressure to kick it off with a big foreign show. The one-hour debate takes place in a hall rigged with pipes and over a rectangular stage with a green card card slot built in Brussels.\nJuncker, seeking to bolster his relations with European partners, rejected talk of a trip by the 43-year-old Macron to Paris to discuss shared security concerns over European rail networks.\n"]

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http://www.reuters.com/article/us-usa-stocks-idUSKBN17U1NH

http://www.reuters.com/article/us-usa-stocks-idUSKBN17U1NH

Wall Street slips on weak GDP data, but indexes rise in April

['Rodrigo Campos']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Wall Street stocks slid on Thursday with investors trimming gains following disappointing economic data and uncertainty over when interest rates will rise.\nA man works as part of the financial district in New York City, January 30, 2017. REUTERS/Brendan McDermid\nThe S&P 500 fell 0.3 percent to end at 2,485.05, the lowest close since Dec. 31, 2015. That drop reinforced worries of a U.S. recession for much of the year as the economy contracted in the first quarter of this year.\nThe Nasdaq Composite Index tumbled 1.1 percent to 5,382.01, the second lowest closing level since May 2016.\nBut the S&P added 0.9 percent to its highest close since May 2009.\n“Everyone focuses on where the economy is going,” said Neil Mehta, chief investment officer of Clear Harbor Asset Management in Burlington, Vermont. “I don’t think markets really focus on where the economy is.”\nThe Federal Reserve sees no substantive impact from the Fed’s dovish monetary policy as its longest-ever framework.\nU.S. crude futures were trading at $34.61 per barrel, down 56 cents, or 0.54 percent, at 4:46 p.m. ET.\nThe U.S. dollar index <.DXY> closed higher, up 0.30 percent, against a basket of major currencies.\nExpectations for further interest rate increases continued to diminish in recent months as companies added fewer jobs, indicating a slowdown in economic growth.\nConsumer spending, including wages, has been robust while incomes have not, feeding speculation that the Fed will keep interest rates on hold until 2018.\nThat trade war with China, however, has exposed lingering worries about global growth and inflation.\nAt 4:46 p.m. ET, the Dow Jones Industrial Average was down 85.77 points, or 0.36 percent, at 22,497.22. The S&P 500 was up 3.68 points, or 0.13 percent, at 2,983.57. The Nasdaq Composite was up 14.31 points, or 0.41 percent, at 6,912.94.\nAdding to concerns about the outlook for growth is that the Federal Reserve is struggling to deliver on a forecast that sees corporate earnings picking up.\nA slew of economic data on Thursday offered mixed messages on whether the United States will be able to meet its 2020 goals. The Conference Board’s gauge of consumer confidence unexpectedly dropped to 107.1 in December from 109.3 in November.\nInvestors are keeping a close eye on talks to build a U.S. manufacturing powerhouse to stem a global trade war. The trade war has been stoked by the March 1 initial public offering of General Electric Co (GE.N) . GE.N, and the jitters over the global economy if the Trump administration does not leave with a plan to shield itself from high tariffs.\nShares of San Francisco-based chipmaker Nvidia reported a 4 percent drop in fourth-quarter revenue and raised its profit forecast, sending its shares down 13 percent. The company also lowered its forecast for its PC business.\nIntel Corp (INTC.O) and Microsoft Corp (MSFT.O) both reported quarterly results that missed Wall Street’s expectations.\nAdvancing issues outnumbered decliners on the NYSE by 2,949 to 1,238. On the Nasdaq, 1,041 issues fell and 1,358 rose.\nThe S&P 500 index showed 128 new 52-week highs and 1 new lows, while the Nasdaq recorded 242 new highs and 21 new lows.\nAbout 7.92 billion shares changed hands on U.S. exchanges, below the 7.94 billion daily average over the last 20 trading days.\n']

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http://www.reuters.com/article/us-usa-economy-idUSKBN17U0EL

http://www.reuters.com/article/us-usa-economy-idUSKBN17U0EL

U.S. first quarter growth weakest in three years as consumer spending falters

['Lucia Mutikani']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The U.S. economy slowed in the first quarter, with disappointing economic growth and weak consumer spending preventing it from soaring to a higher level of gross domestic product.\nVisitors look out of a window at the World Trade Center after the terrorist attacks in New York City, U.S., January 1, 2017. REUTERS/Brendan McDermid\nIn a disappointing report published on Thursday, the Commerce Department estimated that retail sales rose 0.4 percent, the weakest pace since the second quarter of 2008, following softness in the previous two months.\nThe report follows the first quarter’s poor performance on demand for goods, weather and consumer spending in the business- and consumer-dominated economy.\n“When a shopkeeper has a car, for instance, it may be priced too high, so buyers look for cheaper discounts on the license plate,” said Emory University economist Tom Kloza.\nAfter halting a run of lackluster growth in the first quarter, the U.S. economy slowed to its weakest level in three years in the second quarter as consumers largely took an accounting holiday to pick up $201 billion in sales.\nConsumer spending and money supply surged 0.8 percent in the second quarter after slowing in the first quarter, a relatively strong growth rate but below the 2.8 percent rate that economists had expected.\nConsumers have been pinching pennies in any sign of an improvement in the economic outlook, with stocks sliding last month as investors fretted over elevated corporate profit expectations, the prospect of a U.S. Federal Reserve rate hike by the end of the year and concerns over the possibility of a Japanese economy slowdown in the years ahead.\nLITTLE RECESSION\nInvestors are worried that the economy is entering a “soft landing” that could be worsened by the rather unexpected record number of Americans filing for jobless benefits.\nAs a result, the consumer spending component of GDP rose just 0.2 percent in the three months ended in December, less than the 0.7 percent pace that analysts had expected.\nYear-over-year growth picked up to 2.1 percent, the highest level in nearly four years. In December, growth was revised up to 2.2 percent from 2.1 percent.\nConsumers have been fretting over rising gas prices, when sales plummeted 4.8 percent in November as part of a housing slump and increased competition for work.\nLast month, November retail sales unexpectedly dropped, prompting other economists to revise their third-quarter growth forecasts down from 2.3 percent to 2.2 percent. [nL2N1P38J0]\nFutures markets took it to be the latest in a string of disappointments from the Federal Reserve. It said on Wednesday that it was likely to hike its benchmark rate at least another quarter of 2017 after three of its nine rate-setters had said so at their January 31 meeting. [nL3N1P38J8]\nDespite the lackluster growth in consumer spending, there were a couple of positive factors that could spark growth again later this year, Kloza said.\nOn the business side, research firm GfK said U.S. enterprise inventories were still in the red, likely indicating companies are struggling to get inventory levels under control.\nConsumers also seem willing to buy automobiles, despite their already steep discounting, GfK said.\nMeanwhile, overall home prices fell 0.4 percent in December from November, the S&P/Case-Shiller 20 metropolitan markets reported on Thursday.\nOverall industrial production declined for a ninth straight month in December, it said. An industry survey is due out on Thursday.\n']

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http://www.reuters.com/article/us-usa-gasoline-demand-idUSKBN17U2MC

http://www.reuters.com/article/us-usa-gasoline-demand-idUSKBN17U2MC

U.S. gasoline demand falls for second straight month: EIA

['Jarrett Renshaw']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A sign boards the finished product waiting at a Pennsylvania pump near the western town of Winterset, Pennsylvania, U.S., October 6, 2016. REUTERS/David Klein/File Photo\nWASHINGTON (Reuters) - U.S. gasoline demand dropped 0.1 percent in December to a 1.98 million gallon equivalent (4.57 million v.4 million v.1.73 million) compared with a year earlier, the Energy Information Administration (EIA) said on Friday.\nSales of gasoline have been soft from a year ago, with a year-to-date total of 3.25 million v.4 million v.1.73 million v.1.73 million sittings, according to EIA data from data firm Gasoline Research International.\nBut there is an upside. Despite a shortage this month and last month, OPEC, the leading producer of crude oil, is adjusting its production schedule and still needs enough crude to meet its demand targets in the second half of the year.\nAn Energy Information Administration (EIA) drop could lead to more wholesalers and retailers switching to gasoline now than on the year. An EIA report on the most-active wholesale market showed December sales fell 0.3 percent from the year earlier to 51.0 million v.4 million v.4 million. That’s the biggest drop since November 2016.\nDrivers are buying 6.2 million v.4 million v.1.75 million v.2.75 million v.3.7 million v.5.5 million v.7.3 million v.5.9 million v.6.7 million v.8.1 million v.9.7 million v.10.7 million v.11.4 million v.12.7 million v.13.5 million v.14.5 million v.15.6 million v.16.8 million v.17.1 million v.18.8 million v.19.3 million v.20.0 million v.21.2 million v.22.1 million v.23.2 million v.23.4 million v.24.4 million v.25.0 million v.24.7 million v.27.4 million v.26.0 million v.27.3 million v.27.4 million v.26.0 million v.27.0 million v.26.0 million v.27.3 million v.26.0 million v.27.3 million v.27.4 million v.27.4 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.27.3 million v.']

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http://www.reuters.com/article/us-usa-stocks-weekahead-idUSKBN17U2S2

http://www.reuters.com/article/us-usa-stocks-weekahead-idUSKBN17U2S2

Hot earnings to keep fire under growth-stock rally

['Sinead Carew']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: Rubber, plastic and other parts of an equipment machine are seen at a plant of Ben Cheung Industries in Parma, Italy, October 27, 2018. REUTERS/Stefano Rellandini/File Photo\nSOFIA (Reuters) - Portuguese stocks are set to continue their “investor’s cheer” on Wednesday when a pan-European index is seen holding on to gains brought by positive earnings reports last week.\nBut signs of capital outflows in the past two weeks have sapped momentum in the sector, limiting MSCI’s rebound from a top-end gain of nearly 15 percent last month.\nPortuguese bank stocks trade on a small trading range over the last two sessions, after stronger-than-expected results late on Tuesday led to short-covering on all the main equity benchmarks.\n“If we cut (them) a small percentage this weekend, the next couple of days we will have that,” an investment manager at a Portuguese fund working in the Portuguese market said.\nSweden’s FTSE is seen gaining around 0.3 percent, while Germany’s DAX is seen in a small gain of 1.2 percent, according to Thomson Reuters data. The Euro STOXX 50 is up 0.4 percent, and Italian benchmark indices are both up around 0.5 percent.\nSovereign credit is down slightly, after gains late on Tuesday, to trade between a three-month low and a three-month high on Wednesday.\nInvestors taking over from fund managers have demanded small dips in bank stocks, who at one point had more than doubled last year’s gain amid expectations that the Swiss economy would rebound.\nThe rationale behind such moves can be summed up in one phrase: “What’s next?”\nFULL MOVE\nThe benchmark Portuguese stock index was due to close at 6,289.33 points on Wednesday, after recovering from the 5,065.95 area seen earlier in the week, thanks to gains in blue chips such as Ecopetrol, Carnival and HSBC.\nAt 6,393.97 points, the index would be about 0.3 percent above its previous week’s close of 6,214.60.\nLocal shares are seen as the better bet than peers and higher should trigger a sustained upturn in the Portuguese market with more macroeconomic data supporting the case.\nThe growth-stock enthusiasm is seen as reinforcing the underlying trend across markets that have set up or overseen growth, its own price-to-earnings ratio in the double digits, back towards historic highs, analysts said.\nPortuguese companies are expected to have delivered 13.6 percent of FTSE Corporate Stoxx 600 companies’ earnings over the last quarter, according to Thomson Reuters StarMine’s multiple regression, which combines the multiple-year trend for earnings and the Eikon model.\nCME Group Inc is tipped to achieve 20 percent more earnings growth than the FTSE Inversiones Comune InfoTechnology index, ahead of a 2019-2020 analysis of the corporate outlook in the next two years.\nAlso seen undervalued, General Electric is also forecast to return to its robust yearly rise thanks to forecasts of a stock return of 19 percent, according to Thomson Reuters StarMine’s multiple regression.\nAnalysts said that better fundamentals in Brazil would help underpin the outperformance of Latin American counterparts.\n']

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http://www.reuters.com/article/us-northkorea-usa-un-tillerson-idUSKBN17U27O

http://www.reuters.com/article/us-northkorea-usa-un-tillerson-idUSKBN17U27O

U.S. says time to act on North Korea, China says not up to Beijing alone

['Michelle Nichols and Lesley Wroughton']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["UNITED NATIONS (Reuters) - More than a dozen U.S. senators urged China on Wednesday to at least be a small party in North Korea’s dialogue, in a letter to the top U.S. General Election official, dashing hopes the effort could be managed.\nU.S. Secretary of State Mike Pompeo speaks during a news conference on China's sole elections for the top job in the United States at the State Department in Washington, U.S., January 1, 2018. REUTERS/Jonathan Ernst\nThe letter sent to the Permanent Security Council Commission on North Korea by the co-chairmen of the United States Senate Foreign Relations Committee, John McCain, South Korea’s Jang Song Thaek and China’s Yang Yang was among more than a dozen calls and written letters signed by 14 senators urging Secretary of State Mike Pompeo to participate in joint U.S.-China talks on North Korea.\nThe agenda for the discussions was not immediately available, but analysts say they are unlikely to resume immediately following Trump’s statement at an International Atomic Energy Agency Security Summit in Tokyo on Jan. 6 that he was open to holding trilateral talks.\nWith only an agreement in the works, the heightened U.S. tensions in the region and the expected Chinese-led talks may not be sufficient to get the situation in check, said Paul Boles, a former chief U.S. diplomat at the Brookings Institution in Washington.\nA senior State Department official told Reuters on Tuesday that the new strategy would focus on reaffirming that U.S. policy of no tolerance towards North Korea must be adopted over the coming days and weeks, and working towards a process for a resumption of inter-Korean dialogue.\nBut officials said the new strategy had not yet been negotiated with the Chinese delegation. They declined to say what China might want from the delegation.\nSeveral officials agreed that a resumption of inter-Korean talks was crucial to push both the U.S. and Chinese leaders toward putting the nuclear weapons program in the hands of a democratically elected leader who would not commit the military to the destructive destructive side.\n“An announcement can take a long time,” one official said.\nOn Wednesday, Tillerson said that he also still believed that Trump was open to talks with the North Korean leader “within a month or two.”\nHONDA IRAN LACK-BECOMING PRESCRIBED\nCiting the administration’s regular months-long engagement with North Korea, Pompeo said Washington was determined to keep it in check and at the table, especially if Pyongyang stays away from talks or speaks out against the Obama administration’s policy.\nHe also stressed the need for the United States to limit its nuclear weapons program and to work more closely with North Korea on issues it refuses to consider.\n“We will continue to be vigilant in the face of unconfirmed reports that are making us all nervous,” the official said.\nPompeo reaffirmed that his administration will work with the United Nations Security Council to force North Korea to play by the rules and have an “appropriate outcome.”\n“The Secretary of State continues to express his willingness to work with us to de-escalate the situation, and to act swiftly on our proposal for the meeting of the U.S. and Chinese leaders on North Korea’s economic growth,” he said.\nHe praised the U.S. position as “the most effective mechanism for de-escalating the North Korean threat.”\nThe U.S. diplomat said it was “unequivocally” the view of China’s leaders that the prospect of detente had opened the door to the prospect of a resumption of talks.\nOn Tuesday, Pompeo pledged that Washington would not let Pyongyang violate its own self-imposed sanctions and commitments on nuclear and missile development unless it changed course or said that it would cease work on nuclear weapons.\n"]

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http://www.reuters.com/article/us-alphabet-results-cloud-idUSKBN17U1N7

http://www.reuters.com/article/us-alphabet-results-cloud-idUSKBN17U1N7

Google’s search for non-ad revenue puts spotlight on cloud, Pixel

['Supantha Mukherjee and Julia Love']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Google Inc (GOOGL.O) Chief Executive Sundar Pichai on Monday laid out an ambitious plan to diversify away from what is in short supply among its search partners by separating its Gmail app into a separate offering that could revenue the company could collect from other users.\nThe logo of Google is seen in this photo illustration taken on January 1, 2014. REUTERS/Christian Hartmann/Illustration\nThe Wall Street Journal reported that Google is eyeing potential companies to provide support for Alphabet Inc’s self-driving cars, and began working with Facebook Inc (FB.O) to bring back its popular Photos app.\n“The good news is that with the addition of all the businesses that will be being split (with Google) ... we can look forward to growing the overall business with a number of new customers,” Pichai told reporters at Reuters’ offices in San Francisco, shortly after the report was reported.\n“We are working with all of the businesses in particular to figure out the best way to organize all of our services,” he said.\nThrough partnerships with Samsung Electronics Co Ltd (005930.KS), Microsoft Corp (MSFT.O) and OpenTable Inc (OPEN.O), Pichai’s team will present Alphabet’s self-driving cars to potential users at the Detroit auto show next month, the report said.\nPichai said he wants to simplify the company’s data systems by offering more of its customers similar services.\n“We will eventually sell a service package to every company that wants to be part of this network,” he said.\nGoogle is also looking to add other non-advertising sources of revenue, including adding an ad unit to deliver ads to users on its cloud service, and reallocating staff, the company said.\nGoogle Chief Financial Officer Charles Olshansky said Google would raise the initial public offering price for the offering within the next year.\nIn December, Google said it had raised $3.7 billion by listing about 9 percent of its common stock in an initial public offering to raise more than $20 billion and split the company into two entities, one more closely aligned with the family of Alphabet’s parent Alphabet Inc (GOOGL.O) and the other, called Alphabet One.\nShares of Google fell to $592.25 in late trading on Monday after the Journal reported the WSJ, citing unnamed sources. Alphabet shares closed at $581.69 on the Nasdaq.\n']

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http://www.reuters.com/article/us-usa-trump-budget-exclusive-idUSKBN17U0A0

http://www.reuters.com/article/us-usa-trump-budget-exclusive-idUSKBN17U0A0

Exclusive: ’If there’s a shutdown, there’s a shutdown,’ Trump says

['Jeff Mason, Steve Holland and Stephen J. Adler']

01-01-2021

reuters.com

success_wayback

gen

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['U.S. President Donald Trump and first lady Melania Trump (L) meet with his family at the White House in Washington, U.S., October 24, 2017. REUTERS/Jonathan Ernst\nWASHINGTON (Reuters) - Vice President Mike Pence told a House of Representatives panel on Tuesday that “if there’s a shutdown, there’s a shutdown” because of a lack of revenues and a likely need to write off more of the debt, keeping federal spending down.\nTrump’s administration is exploring whether to close the government and avoid a government shutdown by canceling domestic operations, as many have demanded for several weeks.\nDuring Tuesday’s hearing on government shutdowns, deputy White House counsel Rob Porter said an unnamed department official had written a resignation letter to Vice President Mike Pence saying he wasn’t satisfied with the leadership’s decision not to shut down the government. Porter said he didn’t have proof for the piece and advised the hearing on Tuesday to consider a second letter to Pence.\nPence told the Senate panel that he did not know if the United States had signed an agreement on health care legislation earlier this month.\n“I’ve said to the vice president we have a plan. We have a plan. We hope that it’s a positive outcome for the American people,” he said.\nPence, who previously ran unsuccessfully for office in the Indiana Republican Party, told reporters Pence and Vice President Mike Pence “have an open dialogue and it has been fruitful.”\nRepublicans and Democrats have campaigned on a plan to tax the wealthy at the expense of middle-class and poor families, and Pence said he was “pleased” that a bill to stop the partial shutdown was passed.\nMcCAINING WATER SALES\nThe White House plans to bring in water sales to promote more sustainable drinking water from sources such as hydrants, fishing, golf and other means of drinking water, said Pence.\nOn Tuesday, Trump tweeted that U.S. “would do well to listen to the authors of our debt ceiling debate. Their success would require cooperation from elected officials across the aisle, not obstruction from their lawyers.”\nThe monthly gross domestic product reading dropped to 2.8 percent in October from 2.9 percent in September. The U.S. central bank’s estimate of gross domestic product was revised down to 2.4 percent from 2.6 percent.\nAppearing on the panel were Treasury Secretary Steven Mnuchin, energy industry CEO Robert Rasgon and Agriculture Commissioner Dave Garofalo.\nJeffrey Tester, the Democratic Senate minority leader, said the budget proposal “shocked me and it did me in a bad way.”\n“It’s not fair. It’s not right. It’s not fair. It shows that some of the people in our own leadership doesn’t understand the importance of this debt limit increase,” Tester said.\nBacking down on Trump’s promises about a shutdown, three Democrats from the United States voted against Pence on the funding bill. One Democratic Democratic senator from New York said the base of the Democratic Party should “stop crying and move on.”\nThey were meant to strengthen government power and constrain it if Congress passed a short-term debt ceiling bill last week without the threat of shutdown.\nDuring the morning session, senators looked at a letter Pence delivered to House Speaker Paul Ryan that apologized for “a comment that hurt” some Democrats. Pence also apologized for a tweet in October that he didn’t think was funny, and told Ryan he didn’t expect lawmakers to apologize.\n']

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http://www.reuters.com/article/us-usa-trump-exclusive-idUSKBN17U04E

http://www.reuters.com/article/us-usa-trump-exclusive-idUSKBN17U04E

Exclusive: Trump says ’major, major’ conflict with North Korea possible, but seeks diplomacy

['Stephen J. Adler, Steve Holland and Jeff Mason']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump on Tuesday sought to dispel talk of impending war games at his resort in Mar-a-Lago, which have been attended by the U.S. president since he became president in January 2017, as he suggested denuclearization would be a viable option.\nPresident Donald Trump of the U.S. addresses the media in the Oval Office January 1, 2019. REUTERS/Joshua Roberts\n“We’re looking to denuclearize very soon,” Trump told Fox News on a contentious weekend when the prospect of war games became a top campaign issue for Democrats. “The bottom line is if there’s nothing I can do, it’s going to be very, very difficult.”\nAsked if such a U.S. strike could be part of his policy, Trump told Fox News: “My view is, from my perspective I’m with Kim Jong Un, but because of circumstances in North Korea, I’m not in a position where I can make a change.”\nTrump drew a sharp contrast with his Democratic critics in the House of Representatives, who said he was too focused on negotiations with North Korea to step up the game in all situations.\n“It was a wonderful agreement,” said Republican Representative Adam Schiff, a member of the House Intelligence Committee. “He managed to negotiate all the agreements with China, and he managed to get sanctions into place. And that’s not necessarily a bad thing, because we’re doing it in hard economic trouble.”\nTrump also defended his decision to remain in the North Korean summit with Kim but said he might have broken protocol, saying it was likely he would not be allowed to direct a North Korean delegation to the summit.\nThe issue has been pivotal to a Trump presidency for much of the past year and was considered more of a business relationship than a personal one.\nThe summit raised the stakes in the battle over North Korea and ties with the United States, something not seen since the devastating 9/11 terrorist attacks, but analysts say it could alter tensions at a time when Trump is trying to reset the U.S. relationship with Asia, while on a world tour.\nPicking up steam on Wednesday, Trump scheduled the Pentagon to host a nuclear test and ballistic missile test involving the United States, South Korea and Japan, before assuming office on Wednesday. The drills are viewed as a test of Trump’s ability to maneuver through the complex efforts at diplomacy.\nWhite House officials said they were not disclosing what Trump discussed with Kim but said the two leaders discussed ways to expand the strategic partnership during a joint news conference on the sidelines of the summit.\n“I believe that President Trump has a commitment to the vision and accomplishments of the U.S.-China relationship for years to come,” White House Press Secretary Sarah Sanders said in a statement.\nTrump had complained during the campaign that he was being distracted by his North Korea diplomacy. But he reversed course in the week before his inauguration on Monday, saying he would travel to Asia “very soon.”\nIn September, he suggested that his re-election campaign would be better able to focus on efforts to ease North Korea’s woes, even after a standoff with Pyongyang that killed one person and left more than 1,000 dead.\nPresident Barack Obama’s administration imposed trade restrictions, sanctions and travel restrictions on several high-level North Korean government officials, and now the White House and the State Department are negotiating with a group of high-level North Korean officials about some of the country’s worst cases of nuclear attack.\nThe administration said some key questions related to issues of national security remain unclear.\n']

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http://www.reuters.com/article/us-usa-court-climate-idUSKBN17U2EU

http://www.reuters.com/article/us-usa-court-climate-idUSKBN17U2EU

U.S. appeals court grants Trump request on climate regulations case

['Lawrence Hurley and Valerie Volcovici']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. Judge John Bridges on December 3, 2018, in New York, U.S. District Court for the District of Columbia. REUTERS/Mike Segar\nWASHINGTON (Reuters) - A U.S. appeals court on Tuesday denied President Donald Trump’s request to stop the EPA from implementing a rule overhauling fossil fuel regulation, with a 3-2 majority ruling that a lower court’s effort to invalidate the rule could not be sustained.\nThe 3-3 split also issued a preliminary injunction against the EPA’s efforts to compel coal, oil and gas producers to disclose emissions from their power plants. Under the proposal, regulators would still have to review more than 100 sources, known as “carbon capture” technology, in five years, just days before they are to be implemented.\nTrump, a longtime critic of regulations and of coal, has repeatedly said emissions from power plants should not be allowed to have a major impact on the climate and the economy.\nJust last week Trump circulated a draft rule proposal limiting greenhouse gas emissions, but only covered so-called block size reductions, causing disagreement between congressional Democrats and some Republican-controlled states.\nLawmakers who control state legislatures object to limiting coal emissions from power plants, an issue that has faced a major overhaul by Trump in the courts.\nThe U.S. Supreme Court has ruled other regulations are necessary to develop the rule proposal, but it is not yet clear that the court will rule on the cap-and-trade directive.\nThe case is Michigan v. EPA, No. 10-669.\n(This story corrects time of start of appeal hearing in paragraph 4 to Wednesday, from Tuesday)\n']

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http://www.reuters.com/article/us-cigna-m-a-anthem-idUSKBN17U25A

http://www.reuters.com/article/us-cigna-m-a-anthem-idUSKBN17U25A

U.S. appeals court blocks Anthem bid to merge with rival Cigna

['Diane Bartz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A U.S. appeals court on Wednesday blocked the sale of Anthem Inc’s (ANTM.N) private-health insurance to Cigna Corp (CI.N) in a case involving a federal buyout fund.\nFILE PHOTO: The Anthem logo is seen in Manhattan, New York, U.S., March 14, 2017. REUTERS/Carlo Allegri/File Photo\nThe U.S. Court of Appeals for the 11th Circuit in Chicago was the first step in the merger between the two health plans, both of which were more than 100 years old.\nAnthem paid $63 billion for Cigna in a deal that investors called a bailout for Cigna shareholders. Cigna said it would try to pull the deal off if it was blocked in the face of federal antitrust laws.\nAnthem had tried to withdraw its tender offer for Cigna’s healthcare business from Cigna’s pharmacy benefits management systems, which accounts for 70 percent of its business. Cigna argued that Medicare and Medicaid were little more than a Medicaid savings account that was subsidizing generic drug development.\nAnthem sued, and then the U.S. Supreme Court approved a protracted battle in November 2017, which had led to the National Mediation Board’s rejection of both bids.\nAnthem Chief Executive Andrew Shah in October said he had convinced the U.S. Federal Trade Commission that Anthem’s $6.5 billion purchase of Cigna was an appropriate bid and that his stockholders must be given full protection against outside interference.\nThe 12th Circuit panel declined to hear the case.\nThe case is United States v Anthem Inc (ANTM.N) et al, 11th U.S. Circuit Court of Appeals, No. 11-7218.\n']

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http://www.reuters.com/article/us-shaw-comms-m-a-viawest-idUSKBN17U313

http://www.reuters.com/article/us-shaw-comms-m-a-viawest-idUSKBN17U313

Shaw Communications explores selling ViaWest: sources

['Liana B. Baker and John Tilak']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Shaw Communications Inc said it would explore sale options for its lessors ViaWest unit, narrowing its search for a strategic buyer as it looks to seek new investments from its revenue growth plans.\nThe company’s shares fell 6.5 percent to $5.41 in extended trading on Thursday.\nThe country’s third-largest cable company closed a deal to buy out Jacobs Engineering Group Ltd to create the American company that will be Comcast Corp’s voice service provider.\nOther cable companies, which have spent years trying to capture customers in markets such as Denver and Los Angeles, have found deals to compete with Shaw, and the wireless industry has struggled with the decline of cord-cutting.\n“We’ve been looking at several assets. To date there has been no clear path forward as far as it relates to consolidation,” said Sundance Siu, Shaw’s CEO.\nUnder the acquisition deal, Jacobs will acquire Shaw’s ViaWest network and 1,726 of its wireless service provider units. Financial terms of the transaction were not disclosed.\nWith ViaWest’s unit accounting for approximately 78 percent of the cable business, Shaw said it aims to keep the company in charge as it battles competitors in its markets.\n“[Turning ViaWest into a competitor’s] business will require incremental growth,” said Siu.\nHe declined to comment on the value of the acquisitions but he noted that “the best assets from both sides will be acquired.”\nThe combination is expected to add about $270 million to the earnings of Jacobs, which is expected to contribute about $9 million annually to core earnings.\nA joint venture between Jacobs and Shaw would continue to operate ViaWest through mid-2020, including a post-merger financing focused on debt and equity.\nKroger Co (KR.N) , Altice USA LLC (ATSC.N) and AT&T Inc (T.N) are also eyeing assets in the wireless industry.\n“We continue to invest in important parts of the business, such as the growing opportunity in our non-core assets and our debt program, and our willingness to support these important businesses,” said Maureen Pinchuk, chief financial officer of Shaw Communications.\n“There are a number of other factors that work in Shaw’s favor in terms of leveraging our position as a leading provider of wireless and wireline voice and data services to other wireless providers as well as to enhance the growth of our enterprise services business,” she added.\n']

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http://www.reuters.com/article/us-belle-intl-privatisation-idUSKBN17U18F

http://www.reuters.com/article/us-belle-intl-privatisation-idUSKBN17U18F

Hillhouse, CDH-led group offers to buy Belle International in $6.8 billion deal

['Elzio Barreto and Donny Kwok']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HILLHOUSE, Calif./PARIS/BRUSSELS/BERLIN (Reuters) - A consortium led by Hillhouse Capital and French oil and gas group Antwerp has agreed to pay about 7.2 billion euros ($7.43 billion) for France’s oldest refinery Valcra in the biggest takeover by a group held in a merger deal in 50 years.\nFrance’s recession-hit Saison Group and a consortium led by Luxembourg-based owner Deutsche BOTH said on Tuesday that they would offer about 7.2 billion euros in a bid for MetroPCS Communications which they say was about 2 billion euros above rival bidder Resmet.\nIt is the second major deal by French companies in two years. French telecoms major T-Mobile US last year agreed to buy a part of the Italian telecoms group La Grande TfL, reuniting T-Mobile with its U.S. parent Deutsche Telekom.\nHillhouse and its energy business Antwerp will remain co-owners, while Hillhouse also said on Tuesday it would merge with Italian business Catania.\nAntwerp will hold 12.8 percent of Hillhouse, the other 11.5 percent controlled by European private equity firm Poulle Investimentos, and 15.6 percent by Antwerp.\nAntwerp’s partners, U.S. private equity firm Terra Firma and Dutch brokerage Brookfield Asset Management, will pay 1.7 billion euros for Hillhouse. Antwerp will also become a shareholder in the group.\n“Citi has long held this strategic priority and we extend our positive outlook on both the activities of Antwerp and Hillhouse in the merger deal,” U.S. hedge fund Ecowas said in a statement.\nHillhouse, as well as the other preferred share holders of the unit, will “receive 2.6 percent of Active Ventures, on a proportionally owned basis, and a 40 percent co-ownership interest, in the new joint venture,” the statement said.\nTerra Firma and Brookfield previously had held interest of about 5.5 percent.\nUnder the terms of the deal, Hillhouse and Antwerp will pay 888 million euros in cash and 0.1516 euros in Antwerp shares, with an option for Hillhouse shareholders to vote for a cash package of about 1.14 billion euros worth of shares to be bought by their three preferred shareholders.\n']

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http://www.reuters.com/article/us-usa-trump-protest-idUSKBN17V0B7

http://www.reuters.com/article/us-usa-trump-protest-idUSKBN17V0B7

Environmental protesters swarm outside White House as Trump hits milestone

['Lacey Johnson and Ian Simpson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Protests against President Donald Trump’s U.S. departure from a global climate pact as he approaches the 100th day in office had the most sighted around the White House on Thursday morning.\nProtesters are seen breaking through the gates of the White House on January 1, 2019. REUTERS/Jessica Rinaldi\nThe largest protests as Trump is taking office came at his expense when a small group of protesters armed with pipes and plastic buttons blew horns and waved signs as the president hit the milestone.\nHere are some of the protests and what they described as a fitting picture of the man who will be sworn in on Friday.\nONGOING ACTION\nOrganizers think they have what it takes to confront the 43-year-old over the grueling nature of his trade agenda and the wisecracking bromides that have a gravitas that few of his predecessors lacked.\n“A man who believes in putting all his eggs in one basket has already experienced the most grueling job since they’ve been in business,” said Michael Kirschman, a nonprofit environmental studies and governance consultant.\n“Trump may be a bromide, but he has never been a bromide. He is well-aware that his future will be disrupted by his decision making and I can tell you that there’s no evidence of that.”\nCLEAN MUSEUM\nFor many Americans, Trump’s brash new appointments have been nothing short of talk of the apocalypse.\n“I don’t blame them,” said Brynne Malone, 42, of Wilmington, North Carolina, who organised the festival to commemorate the 100th anniversary of the founding of the women’s suffrage movement.\n“It’s the only true celebration of life and the celebration of equality. There was so much truth to the story and when there’s no facts to it is the end of the world.”\nFour people were injured in the protests.\nRESOLVING EARTHALISM\nLast month, more than 600,000 protesters demonstrated in San Francisco, as Trump signed an executive order suspending immigration from seven Muslim-majority countries. The move came a day after he was criticized for ordering security at the U.S. border that he said would ruin a peaceful event.\nAnalysts and regulators, although skeptical about Trump’s embrace of Russian hacking during the 2016 election, said White House advisers were wise to be vigilant about Trump’s foreign policy.\n“The president’s biggest threats to our country are far from foreign policy,” said a top economic adviser. “These threats are complex. Trump wants to come and disrupt our commercial partners. This is an opportunity for the president to demonstrate on some level that America is more competitive in this world.”\nThe president has suggested he wants a break with the Obama administration, which was strongly criticized for having prevented working in protest after a 2010 vote on a resolution supported by the Republican-controlled House of Representatives that denounced Obama’s decision to stop funding the World Trade Organization.\nElsewhere, the U.S. government announced sanctions on Chinese automakers, which cut ties with the Trump administration. The Trump administration also stripped banks of U.S. money and asked them to implement online banking in the United States.\nIt is unclear how the sanctions will affect other projects Trump is seeking to boost. Instead, a Treasury spokeswoman said it remains the U.S. government’s “broad view that critical infrastructure is an economically important national security interest.”\nTAKING HIS PLANS\nThe fight over trade deals can get ugly. Some U.S. lawmakers have proposed limiting China’s role in market-driven commodities, while others say it is threatening to increase competition in the world’s most important market.\nOn Thursday, Trump appeared to agree.\nAsked about any mention of trade deals in an interview with CNBC, Trump said: “I think everything is going to be done. I always said everything is going to be done.”\nTrump, who has vowed to impose tariffs on imported steel and aluminum, has appeared to be on a more defensive economic strategy than his predecessors.\nThis month, he gave little clues as to what he wants to do during the peak of his presidency and his fate in Congress after a year on the campaign trail.\n']

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http://www.reuters.com/article/us-usa-riots-anniversary-idUSKBN17V05Q

http://www.reuters.com/article/us-usa-riots-anniversary-idUSKBN17V05Q

25 years after Los Angeles riots, progress and distrust live side by side

['Alex Dobuzinskis and Dana Feldman']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - Los Angeles became the deadliest violent city in U.S. history with more violence and fewer people to attend functions and parks on Thanksgiving and December 5, 2007, as decades of jailhouse pressure and frustration with the city’s violence led to disruption at the city’s iconic private market, according to interviews of violence victims.\nA man cleans up after an explosion caused by a petrol bomb in Los Angeles, California December 28, 2017. REUTERS/Mike Blake\nCrime fell sharply and the worst-ever protests against police brutality were punctuated with small confrontations between demonstrators and police that resulted in numerous arrests, including the killing of three people at a Los Angeles bar on the day.\nWhen it was clear the parties were ending in lock-down or shutdown it was understandable that people’s attempts to express their frustration were futile.\nBut the arrests, violence and distrust between those who violently disagreed with the police to a point where peaceful protesters sometimes ended up doing little more than tearing down what was left of the city’s famous press center in front of a burning newspaper.\nJury selection began a few weeks after the murder of Rodney King, the race-lit beating of a black man in a city prone to violence but relatively peaceful.\nSix people were found dead in gang-infested Santa Monica, one of the most violent areas of Los Angeles. Three other people were shot.\nThe South County sheriff’s department said the murder rate this week had fallen to its lowest since 2002. That is largely due to a surge in people showing up for protests, after years of violent disagreement about police tactics and increased attitudes toward immigrants, indigenous people and the police.\n“Only a minority of people want justice,” said Bernadette McGaulay, Los Angeles prosecutor.\nHer department said in December that the murder rate was at its lowest level since 1976, one year before King’s death.\nIn some cases, scores of people were detained in the police stations where initial investigations found no evidence that the killer was white.\nAnd anti-police protesters descended on the neighborhood where King was shot on King’s birthday, claiming it was part of a campaign of racial profiling. Some attempted to disrupt meetings of the police in the middle of the night and they were met with officers rushing to detain them.\n“RECRUITING”\nSheriff’s spokesman Chuck Reed acknowledged that the result was a “very, very volatile time in the city” and that it was unfair to suggest the city’s “crisis” had gone away.\n“It could have been avoided,” he said.\nKris Cullinane was among the African-American demonstrators who said they were hurt and questioned its police leadership.\n“They’re doing this all over the country,” he said. “It seems that the crime is an excuse to do this.”\n“Since the riots of 2003, there have been some aggressive policy changes in the law enforcement department,” he said. “It seems this is the new normal.”\nThe unrest brought lasting societal damage to California, whose living standards have declined steadily since the city’s devastating recession in the late 1990s.\nThe city of 2.3 million in 2012 experienced its most profound power-damage damage during the protests, $9.6 billion. Its standard of living plunged and residents were exposed to a $50 billion increase in debt, businesses were closed, property taxes went up and private investment weakened.\nAccording to recent surveys, people are being more willing to speak out against police officers and city leaders in public discussions. The shift from distrust toward respect is helping police departments in Sacramento to hold progress more easily.\nCullinane, 62, said he had taken on the role of an activist since he saw at least three demonstrations over the years.\n“I sit down and I’m standing and watching, and I’m like, I know why somebody has to go,” he said. “But a lot of them don’t feel that way, I just want to stand up and say, ‘We’re all together’.”\n']

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http://www.reuters.com/article/us-britain-election-polls-idUSKBN17W001?il=0

http://www.reuters.com/article/us-britain-election-polls-idUSKBN17W001?il=0

Opposition gains in British polls, but May’s party keeps strong lead

['Alistair Smout and William James']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["BRUSSELS (Reuters) - Britain’s opposition Labour Party held an early lead over the government in Thursday’s snap parliamentary election, provisional results show, but is still a likely leader of the ruling Conservatives after two years of political turmoil.\nFILE PHOTO: Britain's Prime Minister Theresa May addresses guests at the European Parliament in Strasbourg, France, May 8, 2017. REUTERS/Vincent Kessler/File Photo\nLabour held a 23-point lead over the Conservatives in the by-election in the southwest of England and it now holds the Cabinet. The party now has 50 of the 120 seats in the 326-seat House of Commons, its strongest parliamentary group since 2011.\n“Overall Labour has won all six of the constituencies, a clear frontrunner to stay in power,” said David Hughes, a pollster and pollster for the Conservatives.\nIt was likely that the current leadership of the ruling Conservatives will remain as leader of the party, he said. It is possible that the party could win up to a third of the seats, he added.\nLabour has not governed since an inconclusive 2012 general election that saw Steve Field to stand. It is now 19 of 32 seats at Westminster, as opposed to nine in the outgoing Conservative.\nThe mood in the UK and Europe has been softer than normal, with Cameron’s government struggling to show ground in parliamentary constituencies still dominated by the Conservative Party.\nThe last election led to a tumultuous summer after Corbyn’s apparent victory in a snap general election, which returned him to the Conservative leadership.\nThe Conservatives have clawed back some of the previous government’s parliamentary majority, the party moved into a last-ditch comeback following a seven-year hiatus and remained the largest party in parliament.\nA campaign to salvage a transition to a transition government has been particularly strong in the last weeks of the poll.\n“Labour has won most seats because the opposition remains strong, and we won all 20 constituencies,” said John Woodcock, an associate at British political consultant firm Angus Deaton.\nLabour will benefit from a positive legacy of recent statements from Macron and his pro-European nationalist party leader, who campaigned on the right of Britons to leave the European Union.\n“However, we are not done being negative,” Woodcock said.\n"]

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http://www.reuters.com/article/us-northkorea-usa-pope-idUSKBN17V0RJ?il=0

http://www.reuters.com/article/us-northkorea-usa-pope-idUSKBN17V0RJ?il=0

Pope urges mediation to end North Korea crisis, avert devastating war

['Philip Pullella']

01-01-2021

reuters.com

success_wayback

gen

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['VATICAN CITY (Reuters) - Pope Francis appealed on Saturday for a solution to the crisis between North Korea and its neighbours to avoid a “foolish in-coming war” which could plunge the world into a war which could kill up to 1.3 million people, the Vatican said.\nPope Francis and Archbishop of Canterbury Justin Welby inspect their theological education courses during their visit to a Catholic school in Kowloon, Yangon in this September 29, 2016 file photo. REUTERS/Hans Deryk/Files\nThe Pope and Archbishop of Canterbury Justin Welby were in China to brief the pope on North Korea’s latest nuclear test, and seek ways to address a crisis that has engulfed Europe since a peace treaty that ended the Korean War ended in 1980.\n“The current crisis is, at a strategic juncture, part of an increasingly alarming development ... and it risks derailing the normal course of relations with the DPRK by a foolish in-coming war,” the Vatican said in a statement.\nNorth Korea has repeatedly tested nuclear weapons. It denied the charges, claiming the Holocaust was caused by a planned nuclear attack.\nNo dates have been set for a meeting between the pope and Moon Jae-in, South Korea’s president. The Vatican is not aware of any scheduled call, though the main message from the pontiff to South Korea was that he hoped it would go well.\nWelby said the summit should be welcomed, but added it would have to be mostly between the leaders of North Korea and their main ally, China.\n“On the situation, please stand together. We must keep up the efforts of our partners, please stand with you, stand with all your neighbours and equally stand with all regions of the world to preserve peace and freedom,” Welby said.\nUS President Donald Trump and Kim Jong-un have held back from sending any border-fire drills, a practice the North has suggested was a provocation to deter foreign powers.\nThe crisis threatens to escalate if Trump is quick to pull the U.S. out of the Trans-Pacific Partnership trade agreement, which could hurt Asia’s top trading region.\nThe Vatican statement said Moon’s proposals would have been “a concrete option, including avoiding a needless conflict” but should “send an appropriate message that there is no value for the stability of the Korean peninsula”.\nThe pope and Welby hold to U.S. opposition to trans-Pacific trade deals, including Trans-Pacific Partnership, a 12-nation deal negotiated by leaders from 15 countries who just moved to a three-country strategy after it was cut from President Barack Obama’s Asia-Pacific security framework.\nTrump’s Friday announcement that he had scrapped it was followed by Trump threatening to impose tariffs on oil imports if oil is not allowed to be sold in Indonesia, and has now threatened to impose a 21-percent tariff on Chinese solar panels.\nChina, which faces new threats from North Korea and many Southeast Asian countries, has expressed concerns about possible foreign anti-Chinese reprisals by North Korea.\nA spy plane and at least 14 other North Korean security forces were scrambled into the Chinese Tianjin suburbs early on Saturday, airport spokesman Liana Ail said, and one U.S. aviation plane was diverted.\n']

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http://www.reuters.com/article/us-iran-eu-usa-idUSKBN17V0SR?il=0

http://www.reuters.com/article/us-iran-eu-usa-idUSKBN17V0SR?il=0

Wary of Trump, EU courts Iran to boost moderates before polls

['Alissa de Carbonnel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DUBAI (Reuters) - The European Union\'s courts will secure the backing of Iran\'s hardliners before Turkey\'s elections in June as the regional bloc looks to try to isolate Tehran as it struggles to control a world nuclear catastrophe, an EU official said on Friday.\nThe bloc will do all it can to support the hardliners, who have rallied to Assad\'s side in Syria, pushing the United States and its allies to impose sanctions against Tehran but ignoring the pro-Western Brotherhood that Hassan Rouhani, the new president, has promised to rein in.\n"Relations have obviously turned very tense," said an EU diplomat who asked not to be named as they were not authorized to speak to the media. "The judiciary, in Iran, itself is struggling to steer through a very tough and difficult term. Foreign courts will have the right to encourage the hardliners and hold them to account."\nThe three-member EU External Action Service were told of the visit by the Iran-backed \'Iranian Navy Task Force\' (IRSF) on Thursday and their final assessment by a team of 14 member-states, the EU source said.\nInternational sanctions kicked in on Aug. 28 after the Islamic Republic blew up its third nuclear reactor in February 2016 and cited its ballistic missile programme as a major source of threat.\nFormer Prime Minister Yulia Stepanova, a hardliner who lost her seat in the June presidential election, will head the task force. She has been the minister of foreign affairs for six years.\n"She will be seeking the backing of the working side of the government so that we can try to strengthen Iran\'s hardliners and ensure that they are able to get support to sustain their agenda of destabilizing Syria and the rest of the region," said the EU diplomat.\nRejection of Turkey\'s plans to pursue a "pro-Iranian agenda" and impose hard-line sanctions on Tehran would be seen by many in the EU as an expression of Iran\'s rather sceptical attitude to its region.\nHowever, Turkey\'s EU parliament has held back from the presidency of a centrist Islamic Republic.\nLast week, Iran and Iraq reversed efforts to send as many as six powerful Shi\'ite militia in Iraq\'s Kurdistan region to Kabul after violence there briefly began in September.\nOne diplomat said the likely outcome of the EU visit was to secure support from pro-Western Shi\'ite militias such as the Kata\'ib Hezbollah, the Lebanese Shi\'ite movement also affiliated with Hezbollah.\n']

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http://www.reuters.com/article/us-russia-opposition-protests-idUSKBN17V0A8?il=0

http://www.reuters.com/article/us-russia-opposition-protests-idUSKBN17V0A8?il=0

Russians, in peaceful protest, call for Putin to quit

['Andrew Osborn and Svetlana Reiter']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MOSCOW (Reuters) - Russian and Syrian activists threw gasoline bombs and stones at three protesters and denounced what they called the “march of revolution” on Monday, in a “day of rage” against President Vladimir Putin.\nA protester burns flowers at a protest, after clashes between anti-corruption demonstrators and Russian police outside parliament in Moscow, Russia, January 1, 2021. REUTERS/Maxim Shemetov\nPeople chanted “dumb”, “Kill him, he is our president,” and “Putin is our president.”\nAt least 30 people were injured in the unrest, and supporters of the pro-Kremlin, liberal opposition group the National Democratic Party claimed one arrest, beating and chasing the demonstrators, as police helicopters filmed the incident.\nArmed police and a mob of people, mostly armed protesters, in the southern town of Sovan came under fire for their posts carrying out nightly counter-demonstrations in its main square, one of the main targets of Putin’s year-old presidency.\nThe opposition had sought to incite street battles between pro-Kremlin youth and anti-Stalinist old men for two weeks to protest against Putin’s alleged deep-dish dishwashing, resorting to rhetorical rhetoric.\n“There have been many demonstrations against the ‘madness’ of the current leader. For Putin, it’s all about trying to frighten the youth of Russia into turning against him,” said Alexei Leonitsky, a spokesman for the National Democratic Party.\n“His means of stopping that are enough for him,” he said in a radio interview.\nSlideshow (5 Images)\nIn recent weeks activists and protesters have been gathering and raising slogans against Putin at key Kremlin venues, while more and more people are taking up arms against him with force.\nRussia’s interim leader Dmitry Medvedev, a staunch Putin ally, took a more hawkish tone on Monday, telling Russian journalists that Putin could halt his meddling in Western affairs, but couldn’t “power the country.”\n“Putin is absolutely…treacherous,” Medvedev said. “It will be damaging to democracy itself, for that only is not a failure.”\n“Turning Russia over to the world-famous culture of Serbia” he said, referring to the 1990s successor to Yugoslavia.\nDespite assertions by Putin’s father and mentor, Vladimir, that Putin has firmly managed Russia’s economy to last and keep his popularity at record highs, the reformist president has so far largely failed to lay the weight behind reforms over the past year.\nRussia’s state television made a two-hour episode of a series of television extravaganzas, featuring some of Putin’s most extravagant and controversial public displays.\nBut it did not resurrect a scandal over Moscow’s official channel, the budget ministry and the national guard, which broadcast the daily rumpus, in part to anger many Russians, whose criticism of Putin has angered both abroad and among people in the United States.\n(Writing by Andrew Osborn; Editing by Gareth Jones)\n']

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http://www.reuters.com/article/us-turkey-security-expulsions-idUSKBN17V0MH?il=0

http://www.reuters.com/article/us-turkey-security-expulsions-idUSKBN17V0MH?il=0

Turkey fires 3,900 in second post-referendum purge

['Humeyra Pamuk and Ercan Gurses']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['ISTANBUL/ANKARA (Reuters) - Turkey’s security forces fired on more than 3,900 people at polling stations and seized online banking accounts after the referendum on June 23 to transform the country into a “true democracy”, the interior ministry said on Wednesday.\nTurkey’s interior ministry is seen in Istanbul, Turkey, October 30, 2017. REUTERS/Murad Sezer\nThe new constitution gives a right to appoint an interim government to carry out controversial reforms including a secular-led constitutional court and presidential election. The main opposition party, the HDP, will hold a referendum the following week.\nMany Turks see the new government and new parliament as meaningless attempts to end a wide political split that has marred the country’s decades-long transition to democracy. Turkey’s largely secular opposition fear the new regime will bring corruption, divisions in the judiciary and limits on free speech.\nThe armed forces said on Wednesday it had ordered employees of armed units of the interior ministry to escort voters around the affected polling stations and train voters about the actions and conduct of their polling.\nThose tasks included clearing sites of ballots and clearing them, they said.\n“We have been cracking down on the use of Facebook, Twitter and other social media to spread propaganda and mislead voters about the scale of change in Turkey and there is no doubt that it is crimes to be carried out by the secret service or the police,” Interior Minister Bekir Bozdag said in a statement.\nThe interior ministry said that some 1,377,000 people - representing 3.4 percent of Turkey’s population - registered for the vote and said it needed help identifying “potential threats”.\nA break in ties with Turkey last month showed U.S. President Donald Trump’s hostility to the Muslim-majority country.\nSix weeks after the referendum, voters in northern Turkey overwhelmingly rejected Western-backed sharia law and seen as crucial to economic growth and stability.\nTurkey embarked on a constitutional reform to deepen secular-led rule following a referendum in 2008 to transform into a state of secular rule after years of links with Islamic State group.\nWhile membership of the European Union is one of Turkey’s biggest challenges, the AKP government has also urged Turkey’s EU partners to remove the front page of their influential daily newspaper, Liria, from state properties to limit the influence of the president’s family.\nTurkish commercial newspaper Ilker Basbug, which published a story on its front page showing ultra-hardline street protesters performing a Nazi salute, has taken a sudden ban on mobile text-messaging, in a move that said it was aimed at telling Turkey’s intelligence agency that Turkey had become a “prez”.\nCeleste Trumpard, the head of the watchdog headed by lawyers from the United States, said her report of government threats against Wednesday’s election results was disappointing.\n“I have great pride that Turkey would beat its record of often running away from controversy with provocative legislation and policies,” she told an audience of Turkey’s Sunni Islamist militant group the Islamic State group.\nTurkish opposition parties have claimed some of the measures adopted in the referendum on June 23 are also targeted at influence peddling.\n“As a member of the constitutional court, I would be on the same side of any unconstitutional or illegal measures under the constitution,” said Chiernkov Malic, the head of the secular opposition.\n']

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http://www.reuters.com/article/us-france-election-eu-le-pen-idUSKBN17V0PF?il=0

http://www.reuters.com/article/us-france-election-eu-le-pen-idUSKBN17V0PF?il=0

France’s Le Pen softens on timetable for dumping euro

['Simon Carraud and Matthias Blamont']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: French far-right candidate Marine Le Pen arrives during the election campaign launch at Le Nouvel Observateur, near Calais, France, October 6, 2017. REUTERS/Benoit Tessier/File Photo\nPARIS (Reuters) - French far-right presidential candidate Marine Le Pen has said she wants the European Union to put a timetable on dropping the euro and “put everything firmly on the table”, not just a budget deal if Brussels fails to honour the trade pact.\nSpeaking in a speech to parliament on Friday, the former French Interior Minister said she would set out her European vision for the day at which the euro came out of the doldrums.\n“We should not let a political arrangement with the euro disappear if an agreement with the euro is insufficient. The path has clearly been taken by the European Parliament, the governments that elected us, and European Union institutions,” she said.\nOther European leaders are expected to have input on the euro during debate on Monday, according to Le Pen’s spokeswoman.\nThe rules governing the EU’s single currency were made clear during an article published in Le Nouvel Observateur on Friday. The rules specify that countries must extend the euro zone into a permanent operation, with any successor having to be determined by member states.\nFrench President Emmanuel Macron has said that if he asked Brussels to provide the euro, he would be ready to discuss such a plan.\n']

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http://www.reuters.com/article/us-france-election-idUSKBN17V07W?il=0

http://www.reuters.com/article/us-france-election-idUSKBN17V07W?il=0

French voters skeptical Macron, Le Pen have answers on key issues

['Matthias Blamont']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS (Reuters) - France’s two left-wing parties suffered a setback on Sunday when voters for both a nationalist and a moderate Christian coalition also rejected both anti-EU leader Emmanuel Macron and centrist presidential hopeful Marine Le Pen.\nFrench President Emmanuel Macron listens as he speaks at his recent visit to France in Rome November 14, 2017. REUTERS/Remo Casilli\nA third centrist candidate, Jean-Marie Le Pen, and two moderate anti-EU candidates, Marine Le Pen and Francois Fillon, poured cold water on the left-wing proposal of head of state-endorsed centrist Emmanuel Macron, a career Marine Le Pen executive and in power since the military crushed a Franco-Italian nationalist political takeover in 2011.\nThe two left-wing parties could not agree on how to address specific issues ranging from immigration to trade and spending, while centrist centrist Emmanuel Macron and conservative Francois Fillon picked up more support.\nThe conservative campaign, which had looked promising since Macron won last week’s Feb. 11 parliamentary election, beat far-right National Front candidate Marine Le Pen’s centre-right Grand Coalition of ministers by 24 percent to 12 percent, according to official results.\nHowever, a French opinion poll found that 26 percent thought that Macron’s Socialists should not be left as the new government headed by Finance Minister Bruno Le Maire is due to be sworn in on Tuesday, up from 21 percent a month ago.\nThe populist mainstream candidate was not left behind in the race, coming third after his pragmatic governing party’s leftist allies — a party which specialises in cooperation with social democrats — failed to build on the coalition with the centrist conservative Marine Le Pen.\nInstead, conservatives swept into power at the populist end of the ruling coalition in the hope of forging more cooperation with the centrist centrist leaders for the 2018 general election.\nFillon spent most of his time at the centrist end of the coalition trying to shake up the once fragmented once-stable alliance and win more support for his ambitious policies such as the Paris financial hub Paris, or to renegotiate the U.S. trade deal.\nLe Pen, who just barely beat far-right personality Jean-Luc Melenchon to become the country’s leader, said she was committed to any compromise with the centrist partners and that she intended to lead the negotiations for renewal of the alliance.\n“It is indeed time for politicians of all political persuasions to take a serious step in the departure of what we fear will be once-term alliances to serve one another,” she said.\nJean-Marie Le Pen Photographer: Mikheil Goji/Files\nA shift in the politics of the euro zone’s biggest economy turned that into a political snakebite for Macron, who spent the final weeks of last week playing the game of chess and hoping to forge a compromise with the centrists over a sweeping defense of French sovereignty.\nHe initially opposed that and tried to use his 2015 run for the presidency to launch a popular blitz of attacks on Le Pen.\nHis hardline tactics often drew the ire of right-wingers, whose support worsened as allies under Prime Minister Theresa May abandoned the departure of Le Pen, ending the contest.\nMacron stepped up the pressure on the nationalist leaders on the eve of his visit to Italy, without drawing a clear line between them.\nHis strategy of taking on the conservative National Front – which has struck back against new threats to stop migrants from reaching Italy – looked short-lived, with government relations between two centrist government ministers essentially broken.\nMacron responded by accusing the National Front of working with the right wing of Marine Le Pen’s defunct Liberal Party, which many in the anti-establishment vote want to oust Le Pen. The party he leads is the outfit that toppled Le Pen’s party into power in 2015.\nOpposition leader Renzi announced his resignation before the end of the weekend after 10 months in power, saying his resignation was short-lived and “without personality” he would put the country at risk of damaging the anti-immigrant, anti-European brand it is familiar with.\nWith Fillon due to leave office on Tuesday, the anti-incumbent Macron remained in the race while centrist Le Pen’s hopes faded as some conservatives refused to help her catch a single poll lead.\n']

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http://www.reuters.com/article/us-alitalia-opinion-idUSKBN17V0CK

http://www.reuters.com/article/us-alitalia-opinion-idUSKBN17V0CK

Bailout or bust? Alitalia divides a nation, paralyzes Rome

['Giselda Vagnoni and Agnieszka Flak']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['People shop at a Mall Faggieri supermarket in Milan January 1, 2014. REUTERS/Stefano Rellandini\nMILAN (Reuters) - Anger over European countries being bailed out in the face of a worsening euro zone debt crisis simmered in Rome on Friday as Italy’s abysmal rate of unemployment weighed on a country already struggling to cope with the threat of Italy’s taxpayers taking a chunk of its debt.\nThe country’s banking and retail industry was among a number of businesses shut in protest as banks and other banks said they would reduce interest rates on bond debt sold by the European Central Bank (ECB) if new rules are not eased swiftly.\nMany European countries have exited financial aid for struggling countries like Italy after a popular revolt against austerity measures and voter pressure, often led by the U.S. Congress, sparked capital flight.\nBut the broader backdrop remains simple: the crisis in debt will not be solved overnight. A year of unrest at the European Union’s border agency has sapped confidence in some businesses, prompting policymakers to call for a greater measure of fiscal discipline.\nYet on Friday, as markets closed in the black, albeit one that measures the effect of disinflation that would have appeared before the crisis on the world’s second largest economy, the burden of austerity was felt in a country that has seen a recurrence of the pre-crisis crisis that shocked the global economy last year.\n“I do not see financial stimuli more in store in Italy,” Camille Yancopoulos, head of for corporate and corporate affairs for ABN Amro, told reporters at the Ambrosetti trade fair in Milan.\nYancopoulos said German economic and government policies were encouraging companies and drivers of the economy to be more flexible and adapt to fiscal conditions, after the state rescued Enrico Letta, the European Central Bank’s former finance chief.\n“It is clear to me that that we are back to the modern 1990s. It is not about austerity, it is about being the strongest,” she added.\nReuters had earlier found a British bank — which, like Northern Rock in Ireland, is now the subject of an EU-wide inquiry — closing after a €21 billion ($23 billion) fine was announced by the European Central Bank.\nBritish Prime Minister Theresa May has said she believes the ECB should order additional measures from its central bank to ensure it does not repeat the mistake that led to the 2008-09 crisis.\nYancopoulos said she was not worried that an ECB policy change would cause companies to move assets out of Italy. “I do not see why we should have to move. Nobody even expects the ECB to move. I am not shocked,” she said.\nThat the European Central Bank should signal that it is prepared to act has not caused panic for many business people, it has reinforced the perception of that it is one of the strongest institutions in the euro zone.\n“I am not surprised by that statement. The ECB is a little bit not telling everyone about it. Most of those (governments) who have been waiting for that event have been missing it,” said Kevin McKay, the head of investment banking at IDFC Bank.\nHe said it looked like the ECB were likely to stress a certain rate in line with other central banks, such as the European Central Bank, is desirable if these are needed urgently, but said this meant it would need to meet “painfully”.\n']

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http://www.reuters.com/article/us-hungary-eu-weber-idUSKBN17V07G

http://www.reuters.com/article/us-hungary-eu-weber-idUSKBN17V07G

Hungary’s Orban accepts EU demands, EU party says

['Alastair Macdonald and Philip Blenkinsop']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Hungary's President Viktor Orban arrives for a meeting of the Italian federal parliament in Rome, Italy, January 1, 2019. REUTERS/Tony Gentile\nVATICAN CITY (Reuters) - Hungary’s government last week accepted EU demands that it bring economic reforms to a 2015 referendum on returning to full membership of the bloc, but EU officials have ramped up pressure to join the bloc over its record human rights record.\nPrime Minister Viktor Orban announced plans on Thursday to deepen reforms to the economic economy that he said will benefit thousands of Hungarian people.\nAnalysts expect Hungary to cut back on investment and expansionary monetary policy, and need to secure relief from sanctions from the United States.\nBut the EU has been pressuring Hungary to follow through, arguing it needs access to the bloc’s single market and clarifying its land policy - a reference to a Budapest myth of communism which gave special privileges to claimants to different EU passporting rights.\nOn Friday, it urged Orban to live up to the EU’s commitment to put forth a new government, a response that provoked comments by Italian Prime Minister Paolo Gentiloni which mirrored what the opposition Hungarian Orthodox Church had called a “symbolism”.\nThe European Commission is investigating Budapest over EU failure to complete programmes targeting migration in its 2017 election.\nThe Greek government said on Friday that it would abstain from votes on Thursday on a European Commission request to create a new national “special economy zone” in Hungary, even though Athens last week rejected a request to form a new government.\nThe EU has not ruled out holding a referendum to decide whether Hungary should remain in the EU or remain part of its two founding members, but a Hungarian government source told Reuters on Friday that it has “no intention of doing so”.\nMILITARY POST\nOrban has suffered a severe defeat in the last general election and had said earlier this week he would once again stand aside as an independent voice in Budapest.\nReacting to a report earlier this week by the European Commission, Orban’s government said it had won political asylum and foreign assistance from the European Union.\nThe Commission in its Jan. 19 article signed by 44 members of Hungary’s Parliament also asked EU officials to discuss Hungary’s record on civil and human rights, including harassment of people living in Hungary, the government source told Reuters.\nIt was met with “delayed, lackadaisical and apathetic” responses, a Belgian Government ministry official told Reuters.\nMacedonia said it welcomed the Commission’s views but said the country wanted to go on working for democracy and human rights.\n“The Commission should recognise that this is a new direction for Hungary and to put an end to its policies,” Foreign Minister Sofia Stromblad told a news conference after a meeting of the EU lower house of Parliament on Friday.\n“The Commission should not be a 'here and now' force,” she said.\nStromblad said Budapest still had a “positive” role in democracy in her country, and had presented an “early warning” of the importance of progress towards European integration.\nEuropean Council President Donald Tusk said on Friday it had no evidence that Budapest breached EU “expressions of respect” for human rights and freedom.\nThere are currently 232 people in Hungarian jails, with the country holding an estimated 900,000 asylum seekers, according to an EU report.\n"]

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http://www.reuters.com/article/us-amazon-com-results-conglomerate-idUSKBN17V02W

http://www.reuters.com/article/us-amazon-com-results-conglomerate-idUSKBN17V02W

Amazon’s moves beyond retail get Wall Street thumbs up, for now

['Jeffrey Dastin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Amazon.com Inc’s move beyond retail is helping the online retailer, which closed the gate to buying books for sale in November, boost its product offerings to helping consumers make more shopping decisions for their savings.\nBut unlike the wildly popular Amazon.com sale of up to 30,000 books sold during its campaign, the sale was not unusual when it happened. The Kindle Fire and Firebook sell for higher prices, but Amazon has started to build up its sales to include more digital titles - which helped boost revenue across the quarter.\n“Despite the fact that only 1 percent of retail book transactions are physical, Amazon creates a lifetime value for book buyers, as our bulk inventory boosts sales and offers the same low-end value,” J. P. Travers, director of Amazon’s Global Consumer Business Strategy said in a statement.\nHigher price points have not been hard to come by on Amazon and not so hard on rivals such as Barnes & Noble Inc.\nThe online retailer was expected to keep selling for four years as its demise has only strengthened its appeal to younger generation readers.\nNetflix Inc (NFLX.O) is adapting to online video streaming with a video-on-demand offering, as did Amazon last year when it bought e-book maker Scribd for $1.3 billion. (bit.ly/2MYboizN)\nAmazon, which declined to comment further, said it would spend $8 billion on new businesses in the next six months and that it may complete or acquire as many as 10 companies in 2020, including interactive portal Bebo.\n“Whatever it is, it’s kind of nice that it’s a novelty item,” Travers said.\nAmazon was not the only company that would be smart to sell it digital books. The U.S. Justice Department’s antitrust division launched a brief in December to block Amazon for competing with Apple Inc’s iTunes for the sale of traditional electronics, but also said the Justice Department’s intent was to further restrict Amazon from interfering with Amazon’s own products.\n“Amazon is no longer a threat to the music industry. Amazon will be a competitor of any new player in the market,” said Chip Ganley, vice president and head of BIA Financial Media & Securities Inc. “They can rest assured that every single one of their products will be considered a threat to the CD industry at all price points.”\nBJB Financial’s C.E.O. Nick Aragon said Amazon is, in fact, a new play and the company will be the buyer of any music that is released on physical formats.\n“Many of the more successful U.S. original TV series are based on digital formats, and Amazon has the ability to create the ability to sell audio-only digital versions of digital content to the networks. We’re excited about all that Amazon is bringing to the market, and look forward to continued innovations and opportunities through our record label alliances,” Brahm Zakal, a company spokesman, said in an emailed statement.\nAmazon did not immediately respond to requests for comment.\nAmazon rose as much as 1.8 percent to $307.47 in after-hours trading on Wednesday.\nIn November, investors rushed to book online as a revolution in packaged books came to an end. The measure touched a high of $600 at the end of 2016. Amazon and Barnes & Noble have not shied away from their distribution deals with paper books.\n']

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http://www.reuters.com/article/us-turkey-security-internet-wikipedia-idUSKBN17V06Q

http://www.reuters.com/article/us-turkey-security-internet-wikipedia-idUSKBN17V06Q

Turkey blocks access to Wikipedia

['Can Sezer and David Dolan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Turkish Foreign Minister Mevlut Cavusoglu takes part in a group photo while visiting Budapest, Hungary, November 28, 2017. REUTERS/Laszlo Balogh\nANKARA (Reuters) - Turkey blocked access to its website on Thursday to the Internet Wikipedia because of “defamatory reporting” the website was registered to, a ministry spokesman said.\nThe decision could potentially cause damage to the Turkish economy and web traffic, which Turkey is closely monitoring as it seeks to end its membership bid.\n“Our ministry is consulting with the UNESCO Office of Information Technology (IBIT) to find out the next steps for our website,” press service TurkMoves said.\nA spokeswoman for Istanbul-based internet group Swift website said the site was blocked in the entire country.\n“Our website must continue to be maintained, updated regularly,” she said.\nTurkey is also reviewing the “hundreds of thousands” of page views it receives from its web competitors, she said.\nCurrently, Turkey only provides a living-wage job in Internet advertising and they cannot technically build a website from scratch, the Ministry of Public Security said.\nTurkey is the world’s fifth largest Internet market with 163.4 million active users, according to Google.\nThe ministry said that while Turkey imports goods and services, it is investing heavily in national infrastructure and scientific research, and it wants to try to create the “agile frontier of information”.\nIt said Turkey’s internet efforts in recent years were built on something called “multimedia, webcasting and social networking”, and experts say its openness comes from a modern infrastructure and knowledge of the internet.\nTurkey’s own search engine Hotmaps unveiled a “lifestyle portal” in 2016 and an Arabic search engine in 2017, reported Taksim magazine.\nIn 2015, a Turkish court rejected a 2016 request by Turkey’s main computer crime watchdog to seek Turkish authorities’ permission to publish information that it said was posted without their consent.\nLast year, a German court issued a temporary suspension of internet access to several German sites because they shared information about terrorism with Turkish citizens.\nTurkey’s opposition is criticising Germany’s decision to unilaterally block entry to German sites seeking to investigate alleged terrorism links.\nTurkey’s top court on Wednesday barred the owner of the Turkish Skyler Bookseller (OTBKOF.DE) and another Turkish retailer from entering the German market because they were displaying images of music videos by AC/DC and Rita Ora.\n']

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http://www.reuters.com/article/us-usa-trump-trade-order-idUSKBN17V01Z

http://www.reuters.com/article/us-usa-trump-trade-order-idUSKBN17V01Z

Trump to order a study on abuses of U.S. trade agreements

['Ayesha Rascoe']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump is making his first move to eliminate tariffs on parts of the United States’ trade agreements, ordering a study of over U.S. imports in a fast-moving, multibillion-dollar White House effort to fight them and counter China’s influence.\nTreasury Secretary Steven Mnuchin speaks during the Taxicab Day event in Grant Park, New York, U.S., November 30, 2017. REUTERS/Mike Segar\nThe Trump administration has been criticized in recent months for for failing to revive the fight against trade-fueled high-tech imports such as aluminum and steel, which are essential to American manufacturing.\n“I am open to evaluating the current U.S. tariffs program on various of its components in ways that don’t ultimately harm us or our great country,” Mnuchin said in a speech on Wednesday at a Heritage Foundation event.\nTrump is expected to order an investigation of products American manufacturers could import into the United States, in part to assess whether they violate trade restrictions and unfair competition rules, officials said.\nStiffer tariffs are often the result of foreign countries asking to have products exempt from tariffs — as when Japan, which already has retaliated in response to an unprecedented ruling on U.S. sugar imports, was ordered to withdraw its basket of tariff-free imports from the American market.\nThe U.S. Commerce Department had opposed imposing a 25 percent tariff on the additional oil discovered by Japanese and Chinese companies, in part to ensure wean China off a domestic advantage.\nThe trading partners, which fought to block the entry of Japanese firms into the United States, demanded those criteria be eliminated in order to bring further burdensome regulations on imported goods.\nOther countries have already added higher tariffs on U.S. products like autos and cellphones, as well as steel, arguing that the duties, triggered by a decades-old Beijing dispute over technology, pose a threat to national security.\nThe administration plans to announce details of the study on Friday, saying any plans for elimination of tariffs “should come at the appropriate time.”\nThe administration wants to pass legislation this year, Senate Finance Committee Chairman Orrin Hatch said. Trump is not expected to sign.\nTrump announced last year that he would renew a tax-break for U.S. multinationals, although U.S. lawmakers voted against the measure in the Senate. Republicans have since amended the plan to allow some tax breaks for exports of those exports to low-wage countries.\nIn comments to reporters on Tuesday, Trump argued that there were other ways to boost U.S. manufacturing.\n“We’ve done much, much more manufacturing, large-scale manufacturing that is making tremendous wealth not only in the United States but as far south as Mexico, but much farther south,” he said.\n“We want to bring jobs back here. We want to bring jobs back to the United States. We want to attract workers that can compete with Americans. We want to bring manufacturing back. I think everyone’s going to have to be caught up in this thing.”\nIn a separate statement issued on Wednesday, Trump said U.S. laws had been “mandated in the past to hurt our industries.”\nWhile tariff cuts and other policies, such as revamping the WTO’s goal of enhancing global competition, were needed to maintain or increase world trade, the Trump administration “will continue to work in concert with allies to address trade and investment needs for our country.”\n']

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http://www.reuters.com/article/us-usa-trump-idUSKBN17W01C

http://www.reuters.com/article/us-usa-trump-idUSKBN17W01C

Trump celebrates first 100 days as president, blasts media

['Patrick Rucker']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - U.S. President Donald Trump returned to the Washington, D.C., area on Sunday after a year that has seen him scuttle important legislation, derail the aviation industry and stir up environmental enmity, and celebrated his first 100 days in office.\nFILE PHOTO: President Donald Trump arrives for a ceremony marking the 104th anniversary of the Treaty of Versailles, considered the victory of tyrants in that 'the Jews of the World,' as seen in this air map. REUTERS/Andrew Kelly/File Photo\nHe took some credit for a gradual exit from trade deals that “fired up the international community.” And he spent much of the political season targeting for potential impeachment some big deals he began to fret about in 2016.\nTrump, 33, was sworn in as president on Friday, slamming liberal Democrats for blocking him to end the Paris climate accord and ending the U.S. government’s programs to bolster the military.\nThroughout the week, Congress was focused on business and trade. With Trump shying away from tough issues on that front, legislators from the Republican-controlled House of Representatives sent him a surprise policy executive order about tougher rules on domestic commerce.\nWhen reports emerged that Trump had selected Andrew Tyndall, an Oklahoma Republican, as acting director of the U.S. Trade Representative, some questioned the wisdom of the move.\nIn comments at the White House, Trump said: “I thought very much that the fact that Andrew was not strongly involved in trade legislation in a real time sense creates that massive problems.”\nTyndall, a Democrat, defended the nominee’s job as a Republican with $5 billion in infrastructure spending that Trump said was helping spark a recovering economy.\n“I think Andrew has a whole slew of skills I believe and to make sure that those areas are focused on are, I would expect, across the board, focus on NAFTA and other countries’ market access - not just in autos, but across all of the types of services that America helps businesses create,” Tyndall said.\nMcCAW WEATHERHEADS\nTyndall succeeded Steve Mnuchin as Mnuchin was told in December that it would be “failing” to recommend tariffs on China-made car parts because the products were used in the Trump administration’s trade policies.\nThat sent the stock market on a skid and the U.S. economy closing in at about 10-year lows.\nThe biggest losing stocks of the year at the time were agriculture giant Deere & Co, which was down about 4 percent after Trump singled out it as a stock to be cut.\nTrump said on Saturday that he would be directing his team to make sure the United States does not have any “backdrop” that they miss.\nTrump may not have the final word on a trade war, however. Some lawmakers say they want to keep Trump from trying to roll back some of his campaign promises in favor of pursuing long-term and mutually beneficial deals with China.\nThe threat of impending tariffs raised fears in the West that the U.S. and the European Union would have to compromise on a pact to protect U.S. intellectual property. Trump has threatened to impose tariffs on all U.S. products.\nAnd Trump had threatened to undo an agreement reached under his predecessor, Barack Obama, to slow the pace of major technology acquisitions by tech companies.\n“Now that the ball’s already in the court of the president, which is not the place he’ll place is going to be enforced by the WTO,” said David Berenbaum, a former trade negotiator and now an economics professor at Duke University.\n"]

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http://www.reuters.com/article/us-mideast-crisis-iraq-mosul-idUSKBN17W0DG

http://www.reuters.com/article/us-mideast-crisis-iraq-mosul-idUSKBN17W0DG

Iraqi commander says to complete capture of Mosul in May

['Ahmed Rasheed']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Iraqi forces take up position of the portion of Mosul's western outskirts from U.S.-led forces at the end of a day-long tour of the city's eastern side, May 31, 2015. REUTERS/Samer al-Barak\nBAGHDAD (Reuters) - Iraq’s navy commander said on Monday he expected the capture of Mosul in May but there would be no U.S. troops on the ground.\nMarwan Abu Ghaith reiterated the previous line that the captured Iraqi city would be used to carry out arrests of foreigners on the bases of state-backed Kurdish forces as they try to forge a Kurdish-led coalition that will join U.S.-led international forces.\n“No foreigners will be on ground here, no trouble around here. All our forces are ready for any contingency action,” Abu Ghaith told Reuters in an interview in the northeastern city of Basra.\nBrigadier General Rami Abdulrahman said on Sunday the recapture of the Mosul border city was still possible, the fourth straight day of preparations for an invasion that would create a modernized Iraqi state in the country’s north.\nThe U.S.-led coalition, which has been operating in Iraq for four years under a banner of the Joint Force Command (JFC) in Baghdad, has been pounding Islamic State fighters inside Mosul from a base near Mount Sinjar for two weeks now.\n“We don’t know if Islamic State is fighting to take Mosul or for the last day of operations in Iraq. Will we be able to cross the border and find those returning home,” Abdulrahman said.\nIslamic State has lost control of large swaths of Iraq’s north and south since a U.S.-led invasion in 2003.\nAbu Ghaith said: “The battle for Mosul is critical to making the most of the chances that there are now opportunities available for our forces to receive a declaration of victory as soon as possible.”\nIraqi Kurdish fighters could take responsibility for the takeover of Mosul and inflict military losses in the past. But they are struggling to show they have real interests in Mosul, which lies in the mountainous Tigris River seabed.\n“We cannot hide that we are to the northeast,” Abu Ghaith said.\nIraqi policemen take up position of the portion of Mosul's western outskirts from U.S.-led forces at the end of a day-long tour of the city's eastern side, May 31, 2015. REUTERS/Samer al-Barak\n“We cannot stay in the city, we cannot be in Mosul. We must be in or to the east, which is my choice.”\nAbu Ghaith also said talks were under way with Turkish officials in the security affairs ministry for a possible brief truce in the north, which Kurds have long fought for.\nDressed in fatigues, Abu Ghaith said it would be wrong to blame Kurdish fighters for the advances. “Those who look only to fight on our side did not know the other side,” he said.\n“The only way to stop this war is to stop the strong-arming of the Kurdish fighters.”\nDespite Turkish and Kurdish efforts to prevent the intensification of fighting, a peace deal is due to be signed this week and Iraqi officials are optimistic they will achieve their aim of a caliphate as dominant in Iraq as they did in Syria.\nBut many Kurdish politicians and analysts say there is little hope for long-term peace in Iraq, most recently when several Turkish-backed militias captured the northern city of Kirkuk after a three-week offensive.\n"]

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http://www.reuters.com/article/us-europe-election-viewsroom-breakingvie-idUSKBN17T2UO?sp=32

http://www.reuters.com/article/us-europe-election-viewsroom-breakingvie-idUSKBN17T2UO?sp=32

Viewsroom: Europe’s electoral frenzy

['Antony Currie and Jennifer Saba']

01-01-2021

reuters.com

success_wayback

gen

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['Juncker speaks during a general audience in Strasbourg, France, April 20, 2018. REUTERS/Vincent Kessler\nLONDON (Reuters) - Traditionally, European nations have centered their European elections around national symbols, but the European Parliament is challenging European Union laws requiring EU citizens to register and be probed.\nThe proposed re-configuration of the European Parliament is based on “diversity in representation”, said Pascal Archambault of the parliament’s intelligence and security committee. It represents the respect common to Europe as a whole, he said.\nIn 1998, voters in France and Italy passed a statute which increased the number of people who could register to 20,000. A similar measure was re-dated four years later, but eventually stopped due to disinterest from French nationals concerned about election interference.\nSince then, more than three dozen members of parliament have carried out voter registration drive.\nThe process is responsible for producing a new national identity-based system of data and culture, synching it with the Parliament’s much-ballyhooed 2030 plans. The way votes are counted is the subject of fierce debate across Europe.\n“You have turned into a political machine for paying tribute to a national identity, which then becomes entirely, without going through elections, an increasingly impossible task,” Archambault said, as he questioned the validity of some of Europe’s claims to citizenship.\nGilles Wenger, who heads the French parliament’s parliamentary security committee, said he was concerned about a third of the country’s registered foreign-born citizens living in Europe. Wenger said he didn’t believe the number of French nationals registered to vote in France had reached his needs.\nSlideshow (2 Images)\n“When you arrive at an area where people decide not to vote because of an apparent lack of integrity, you get sent to places such as the barracks, the army schools, prisons, airports and so on. So you’re expecting for your countries’ national identity to trump all the other things that come with citizenship that nationals don’t put together,” Wenger said.\nGilles Wangel said the national identity-based system, which oversees the performance of the voting apparatus, could bring together countries as diverse as the United States and China. He said the limitations of voting was an important reason why the system was lacking in Europe.\nGilles Nix of the civil liberties group Liberty International said efforts to repeal the laws proved the European parliament’s program was off limits.\n“The overwhelming vote by far is against parliamentary democracy. That vote exposes the weakness of the majority of European voters, including those who trust the body politic,” Nix said.\n']

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http://www.reuters.com/article/us-venezuela-politics-idUSKBN17X203

http://www.reuters.com/article/us-venezuela-politics-idUSKBN17X203

After month of protests, Venezuela’s Maduro triggers shakeup of powers

['Andrew Cawthorne and Alexandra Ulmer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Caracas, Venezuela (Reuters) - Venezuela’s President Nicolas Maduro, who was ousted four years ago and defeated again by opposition forces in elections last June, is poised to shake up the powerful powers that control the economy as the government moves into a scramble to finish a decade of slow economic reforms.\nFILE PHOTO: Former South African President Thabo Mbeki speaks in front of Venezuelan President Nicolas Maduro as the capital of Caracas is seen in this photo provided by the foreign ministry in Caracas, Venezuela, August 6, 2018. Reuters/Carlos Jasso/via REUTERS\nThe United States has called for Maduro to step down and reported that talks between Maduro and Russia were still underway on the shape of his successor.\nMaduro, 71, will meet with President Vladimir Putin next week and in Moscow on Wednesday, Russian foreign ministry spokeswoman Maria Zakharova said.\n“A meeting will take place in Sochi for the other side to discuss implementation of the condition of elections,” she told a weekly news briefing.\nMaduro says he is on schedule to tell Putin he has chosen Putin to begin the process of abandoning the democratically elected government.\nThat can’t be ruled out, as the authoritarian leader has until June to leave office. That action is illegal under the U.S. Constitution, which seeks to put the matter to Moscow by Congress and makes Maduro the country’s new president until then.\nThe sanctions, imposed after Maduro unseated a deeply conservative, pro-business government in December, have meant the pace of economic reforms has been on a slow decline, according to estimates by experts. They say much of the economic development has been concentrated in business sectors, while there have been little political impact.\nNO INTACT?\nRussia, Venezuela’s biggest export market, has asked the United States to help remove the economic blockade imposed after Maduro’s former Socialist Party won a majority in the elections, President Donald Trump’s choice for the head of the Organization of American States.\nA senior Russian government source, speaking on condition of anonymity, said “nothing has been concrete” until his country recently gave its support.\nOther countries, like France, have called for dialogue with Trump. Russian Foreign Minister Sergei Lavrov said there needed to be “an objective and transparent process” if “the administration decided to fulfill its duty to improve the situation in Caracas”.\n“There are attempts in Russia not to reach an agreement with the US administration. A role for U.S. ground forces and front companies,” Lavrov said.\nSince his victory, Maduro has said he will forgo a leadership role in Venezuela, marking his first official announcement that he is stepping down as a political act in a country that suffered deep economic challenges and a socialist government that saw its oil revenue decline despite massive investment.\nDelegates to the 450th anniversary of the declaration of the Republic of the Americas on Sunday at the Mexico City Summit for the Americas, held before a relative rarity, shook hands with his bearded predecessor, Hugo Chavez, and told him how “Thank you so much” they had paid the cold, hard cash to see him.\nHe has already ordered government employees and barristers in his short tenure to leave their posts immediately if they lose their rights. Many Venezuelans blame Maduro for stumbling as the country has expanded rapidly, amid a decline in oil revenues.\nMaduro, once the world’s fifth-richest person, took power in 2011 from his mentor Hugo Chavez, a key business ally. Former President Hugo Chavez quickly died in 1999.\nHe and Chavez have remained close allies for years, sharing campaigns on the campaign trail and holding close political connections.\n']

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http://www.reuters.com/article/us-usa-court-venezuela-idUSKBN17X1TL

http://www.reuters.com/article/us-usa-court-venezuela-idUSKBN17X1TL

U.S. Supreme Court sides with Venezuela over oil rigs claim

['Lawrence Hurley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The U.S. Supreme Court on Friday sided with Venezuelan President Nicolas Maduro as he tried to end a five-year campaign of deadly unrest in the South American nation that has left hundreds dead.\nSupreme Court Chief Justice John Roberts said the justices upheld the government’s right to use the public facilities that Venezuela has built with massive in-kind donations to protect it from government action and corruption.\nWhile a previous case in which the court was on the front lines when high-stakes political battles took place in Venezuela in the past five years, Flores v. Maduro was thrown out of the court in 2002 and others since have been dismissed or set aside entirely.\nThe planned release of more than 500 others in protest of Maduro’s tough grip on public finances, which has deteriorated since the 2012 presidential election, has drawn criticism and concerned that it will break political and financial ties with the United States.\n“A political process which ends in a sort of post-election court of law, national assembly and house order is neither free nor fair,” Roberts wrote.\nThe U.S. Supreme Court, due to hear a lawsuit accusing Maduro of ordering a recent oil strike, is a venue for interpreting rules for the role of government and so can rule on legal rules of bribery.\n“The court’s history and record of standing up to governments and corporations for their owners, federal courts and presidents do not make it clear where the court stands,” Roberts wrote.\nThe high court also ended an executive order imposed in December, over the objections of Mexican President Enrique Pena Nieto, that restricted water purification to certain wells under certain local conditions.\nThe order at one point allowed service companies in the western state of Texas to install drip irrigation on wells that use nearby streams. While the practice was suspended, a third company said it would continue using it.\nBut some of the water was contaminated with pesticides and killed people, according to lawyers who have argued on behalf of the claimants.\nVenezuela’s Constitutional Court said in a statement it was uncertain if the government was trying to deal with the water problem, but accused Maduro of initiating over-inflated private enterprises to subsidize it.\n“No justice can be made when private interests no longer meet the highest burden of law,” the court said.\n']

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http://www.reuters.com/article/us-fox-shine-idUSKBN17X296

http://www.reuters.com/article/us-fox-shine-idUSKBN17X296

Fox News co-president Shine resigns as harassment scandal rumbles on

['Jessica Toonkel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HBO chief executive said on Sunday he would not work with the channel\'s co-president James Murdoch for the foreseeable future after that private office was revealed to have been privately cashed into by production company Floodgate.\n"It\'s unacceptable for anyone in this company to engage in doing business with us in such an inappropriate way," Shine said on Fox News.\nLashing out at Murdoch, the former chairman of News Corp and the former head of Fox, the Fox News public relations team said on Friday that Shine had siphoned off more than a quarter of the pay TV channel\'s funds to fund productions by Floodgate.\nAn internal investigation found that Shine had enjoyed a "massive" campaign to protect Fox News on the eve of its special broadcast of a Quran presentation to government officials from 2015 through the end of the 2016 campaign.\nOn Saturday, Shine signed a two-year deal to return the channels to their traditional linear roles. Fox had shown around $3 million in production costs for the special broadcast, which was distributed to more than 10 million households on the independent cable network.\n"James has agreed to work with us with the direction and integrity we have to and I have accepted that responsibility," said Bill Shine, the former CEO of Fox Networks Group, on the Fox News channel.\n(Reporting by Jessica Toonkel; editing by Philip Barbara)\n']

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http://www.reuters.com/article/us-northkorea-usa-idUSKBN17W04T

http://www.reuters.com/article/us-northkorea-usa-idUSKBN17W04T

China urges all sides in North Korea standoff to ’stop irritating’ one another

['Ben Blanchard']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. Secretary of State Mike Pompeo (L) walks with Vice President Mike Pence (C) and other top Trump administration officials including Secretary of State Rex Tillerson as they hold a press conference in the White House in Washington January 1, 2018. REUTERS/Yuri Gripas\nBEIJING (Reuters) - China urged all sides in the Korean peninsula on Friday to “reluctantly” stop irritating each other and ensure the security of the Korean peninsula, a U.S. official said.\nSecretary of State Mike Pompeo said on Tuesday North Korea conducted its sixth and most recent nuclear test “very provocative”, but President Donald Trump pointedly not imposed sanctions on Pyongyang, despite the June summit that occurred under U.S. pressure.\nPompeo’s comments, just after North Korea conducted a third nuclear test on Friday, set off an intensifying diplomatic battle between Washington and Beijing which has slowly bled about U.S. growth and foreign policy prospects.\nBut Pompeo said in an interview with NBC on Friday that the United States understood China’s desire to get its act together, but that is not its immediate objective.\n“Well, I think the American people understand that. We understand that North Korea has a critical mass of its population and their nuclear threat to America is very grave,” Pompeo said.\n“And so if we can resolve that problem through diplomacy, it has to be resolved through dialogue,” he said.\n“It’s possible it might take several weeks, many days to resolve that. And it will be helpful to have them act quickly and squarely.”\nBoth Washington and Beijing have complained about the joint approach to denuclearisation during their talks in China over North Korea’s nuclear program.\nWorries about a nuclear war have focused attention since Trump and Pompeo agreed in June to visit each other after Pyongyang tested a long-range rocket in November that officials said was meant to be to the western Pacific.\nTrump has said he will meet next month with Chinese President Xi Jinping to discuss how the North Korea crisis could be resolved, but no date has been set.\nOn Friday, Xi told Pompeo that any agreement between China and the North would require United Nations Security Council resolution.\n“A treaty upon resolution is absolutely necessary, a treaty upon a permanent United Nations Security Council resolution is absolutely necessary,” Xi said.\n“It has to be worded in a highly transparent manner.”\n']

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http://www.reuters.com/article/us-usa-trump-philippines-idUSKBN17X0UU?il=0

http://www.reuters.com/article/us-usa-trump-philippines-idUSKBN17X0UU?il=0

White House defends Trump invitation to Duterte despite human rights criticism

['Matt Spetalnick']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Vice President Mike Pence confirmed to the U.S. Senate on Tuesday that he is inviting the president of the Philippines to the White House next week but denied the human rights protests being linked to his trip there.\nThe announcement comes a day after human rights activist Gloria Thrasher, a 90-year-old veteran of World War Two, joined dozens of opposition lawmakers in a protest by thousands protesting for rights in Brazil.\n“We’re always looking for partnerships with potential partners,” Pence told reporters outside the White House in the evening, speaking on behalf of the White House.\nHe was criticized last year by President Rodrigo Duterte, who has declared martial law in dozens of cities, something Beijing has considered detestable. Duterte has said the laws are based on fear.\nIndonesia’s President Joko Widodo said on Friday he had ordered authorities to enforce martial law around his country and the latest human rights protest involving Thrasher showed “an utter disregard of the laws.”\nThrasher had earlier criticized an armed rights group as a “beast” who aims to stop refugees travelling to the Philippines by bus, saying any further travel was a risk to human rights and maritime security in the region.\nThrasher then turned to Catholics and pastors on social media before marching toward the White House, asking, “Has anyone told you about Rodrigo Duterte? I could just tell you in depth that he is not kidding.”\nBut Pence said the invitation appeared to be aimed at “the president and the secretary of state,” not at the “people of the Philippines.”\n“When the president of the Philippines were traveling we were talking about the human rights situation of the Philippines as well as the migrant crisis, so whatever happened there may or may not not have been a reference to any undocumented migrants who are facing difficulties in their home countries,” Pence said.\nPence’s statement did not mention the alleged detentions of the protesters by local police in that city and he did not mention that Philippine President Rodrigo Duterte also frequented buses that transport migrants from Bangladesh through Brazil and told reporters he was looking for more “capacity to address the community’s needs.”\nMcCain spokeswoman Lisa Fraser said Trump asked Pence “about how peace would play in this critical time in the Philippines and our involvement with community leaders” in this region.\n']

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http://www.reuters.com/article/us-twitter-streaming-idUSKBN17Y006?il=0

http://www.reuters.com/article/us-twitter-streaming-idUSKBN17Y006?il=0

Twitter adds WNBA games, news shows, concerts in try for live viewers

['Angela Moon and David Ingram']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN ANTONIO (Reuters) - Twitter Inc and USA Basketball founder Russell Wilson will begin a new policy designed to boost the number of video views that come from fans broadcasting the games, the company said on Tuesday.\nWhile the move is aimed at helping the NBA, it has started a cycle by which fans view an hour or more of games but no video.\nUSA Basketball has had its own Twitter account for the last two years to promote the use of live video, with the league’s games as their highlight time. The number of tweets sent from fans on that account has surged, a move that has coincided with the debut of the Internet video service.\nThe retweet algorithms of Twitter and its 24 million active monthly active users are designed to help with increased participation. They showed late last year that USAA athletics won three National League Championship Series games for the fourth time in more than 20 years.\n“We believe that to increase engagement and participation on Twitter, your digital experience must meet the expectations of consumers in the same way that football and baseball meet the expectations of advertisers,” USA Basketball said in a statement.\nThe number of free-to-air TV, cable and internet programming consumed by USASports, the league’s 18-network network, jumped 62 percent to 257 million in the first half of the year compared with the same period last year, according to Nielsen.\nIn an interview with Reuters this month, Wilson noted that viewership for all NBA games, including special events in February when the regular season begins, typically accounts for at least two-thirds of the audience.\n“I think it’s this one time of year where fans are interested in the game,” Wilson said. “I think we are reaching a saturation point, which we just can’t ignore.”\nThe company estimates 1.3 billion Twitter and 1.5 billion YouTube clips per month, which are broadcast to 77 million active U.S. Twitter users.\nThe new USO account came into effect on Tuesday after the NBA approved changes to its sport news service to make it easier for users to follow teams, as well as broadcasters and “other TV outlets,” including sports networks, television and radio.\nWomen’s basketball, currently a nationally televised event on television, will be watched on mobile devices, making live broadcasts much easier for media.\nUSA Basketball said it planned to broadcast regional basketball games on the small cable networks. Two additional regional games also will be featured on the agency’s Twitter page this year.\nUSA Basketball had been planning to add live streaming of men’s and women’s college basketball to the league’s RSN schedule but later in the year, the organization said, had backed out because of time constraints, particularly on its first days on television.\n“We will remain focused on building the largest platform for fans and advertisers of women’s basketball in the United States,” USA Basketball Chairman David Ross said in a statement.\n']

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http://www.reuters.com/article/us-milken-conference-dimon-idUSKBN17X2GE?il=0

http://www.reuters.com/article/us-milken-conference-dimon-idUSKBN17X2GE?il=0

JPMorgan’s Dimon says biggest fear is bad public policy

['Michael Flaherty']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - JPMorgan Chase & Co’s Dimon has a big fear of public policy failure, according to some of his top advisers who spoke to Reuters last week.\nFILE PHOTO: U.S. President Donald Trump and first lady Melania Trump are photographed aboard a Global Flight Research plane on the way to Paris in Washington, U.S., October 4, 2017. REUTERS/Gary Cameron/File Photo\nIn one of the new book series’ five pillars, Dimon said he believed people — both from Washington and from elsewhere — should be willing to make economic judgments, whether at home or at the United Nations.\n“I often find that something like what I think is really the tipping point towards conflict is what is having the greatest political impacts, which is the global thing where a lot of people can make choices about what to do with their global footprint,” Dimon said.\n“If there’s one bad consequence of that, it’s that people will ultimately listen to a less constrained government, and suddenly they can see what is up with that.”\nJPMorgan, which says more than 70 percent of its loans are in low-credit areas, made a recommendation in October, under which it would pay a $4 billion dividend to shareholders.\nThat proposal was met with overwhelming opposition by the largest U.S. bank by assets, including fellow Big Bank Wells Fargo & Co, JPMorgan’s largest shareholder.\nJPMorgan received less support from the Fed and Treasury on that recommendation, banking analysts have said.\nThen came a vote last year that sided with Wells Fargo, which had pushed for a $1 billion payout, after the bank’s first-quarter results showed another mild slowdown in net income.\nJPMorgan Chairman Jamie Dimon participates in a Q&A following the 7th Annual Shareholder Meeting held by Wells Fargo and JPMorgan Chase & Co in New York City, New York City, U.S., November 3, 2017. REUTERS/Brendan McDermid\nWhile slightly higher than the Fed’s OK, JPMorgan’s shift to paying dividends in May and September combined to make a judgment on whether people believe the Federal Reserve should continue to slow their down its asset-purchase program, because there is less appetite to take rate cuts now.\n“The Trump tax cut changes occurred and in essence cut to the bone some of the things that had been previously available to us,” Dimon said in a New York Times interview last week.\nDimon said he still worried that a Trump presidency could inflame populist anger.\n“I am open to that. But I think that President Trump has to temper what he’s suggesting to us,” Dimon said.\n']

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http://www.reuters.com/article/us-milken-conference-creditsuisse-idUSKBN17X2JC?il=0

http://www.reuters.com/article/us-milken-conference-creditsuisse-idUSKBN17X2JC?il=0

Credit Suisse has deployed 20 robots within bank, markets CEO says

['Olivia Oran']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - The global economy is on the cusp of a “transformation” of financial institutions that can “play to the best of outcomes” by making financial transactions more transparent, with allocating more people and thus increasing efficiency, the head of Credit Suisse said on Thursday.\nFILE PHOTO: Employees of Credit Suisse finance at an operational bank in Montserrat, near Montserrat September 1, 2015. REUTERS/Chris Wattie/File Photo\nSteady progress in consolidating the global banking system in banks and financial services is driving the shift towards “systemological optimisation” as the U.S. Federal Reserve, the European Central Bank and the European Commission are all combining forces to tackle bank stability concerns.\nCiting Chief Executive Tidjane Thiam’s recently published Chief Financial Officer Masters course, which involves transforming banking practices at financial institutions into “transformation tools”, Chief Executive Marcel Rohner said every new overhaul should have a “functional and structural” element added to it.\nFinancial markets were particularly demanding of his experience, which reflected his scientific and engineering background, said Rohner.\nIn an interview to be screened at the annual Financial Stability Forum in central London, Rohner said he and other executives have in the past had recently been visiting 20 firms whose innovative processes had been adopted in their firms’ operational processes, including in Russia and Singapore.\nAlongside investing in the financial system, he said they are looking at “developing a financial intelligence framework, to help more informed customers understand and potentially apply investment decisions for them in more modern financial systems”.\nThe Chief Financial Officer of Swiss bank Credit Suisse has said the number of automated in-bank payments was increasing as customers switch their trading strategies to simpler forms such as point of sale and transparent multi-channel transaction systems.\nAsked about next steps for Credit Suisse in their “transformation tool suite”, which is being used across all business units, Rohner said, “We have the latest tools that are enabling us to make the system change for the better ... wherever we are, we will be able to do that.”\n']

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http://www.reuters.com/article/us-puertorico-debt-mainland-idUSKBN17X2JS?il=0

http://www.reuters.com/article/us-puertorico-debt-mainland-idUSKBN17X2JS?il=0

Puerto Ricans in U.S. protest debt crisis with a dash of rhythm

['Daniel Trotta and Bernie Woodall']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Carnival sailors board their vessels to rest aboard the 182-tonne vessel Aurora as they sail out of JFK International Airport in New York January 1, 2013. REUTERS/Lucas Jackson\nDETROIT/NEW YORK Puerto Ricans who have been angered by the deep level of the U.S. government\'s own public debt think the U.S. debt crisis, a few months out, is a time to break tradition and celebrate the return of Carnival this week.\nAt kickoff, two islands of American seafaring have joined forces to march to Carnival\'s dry dock at Baltimore\'s Port of Baltimore to give credit to the three island groups. Several thousand Puerto Ricans gathered around the dockside throughout Manhattan on Thursday to celebrate.\n"We\'re going to walk the seven, eight feet and smash on the end," Keith Davis said. "It\'s not going to be happy," he added.\nFederally insured default risk in Puerto Rico means there are three years to pay out $50 billion of its $1.75 trillion in debt. Many U.S. federal governments have either exempted or spent more of their federally insured debt to get credit-worthy borrowers to pay it off. This week, the first payments are on deposit.\nAt least one island group is coming together. Starting on Sunday, Puerto Ricans will start mowing their lawns and waiting for the bus they have been waiting in since long ago.\nFor most of them, the holiday has flown by on their plane, and at least the companies will not carry them any more. Those with Puerto Rican roots, however, still have plenty of time, as the sovereign debt crisis in Europe has already started to leave the tax code poorly written. The Treasury secretary is open to discussing revisions to budget rules or options to avoid the domino effect.\nAt 2:10 p.m. EDT (1510 GMT), New York Mayor Michael Bloomberg invited Puerto Ricans to a party with about 20 other small groups to call attention to the debt crisis.\nAnd many of them are moving into the city to celebrate. Workers from the Spanish branch of Mara Torres Social Workers Union filled the port terminal at the Rosa Maria Marina, a live-in home that serves as the encampment of thousands of Puerto Ricans who are staying on the islands.\nCarnival is now carrying out its New York-based efforts to end the humanitarian crisis, and is due to start gathering all its debt protection ships in the shipyard of St. Louis by Friday afternoon.\nDemonstrators will be roaming around the dockside in uniform, and Mayor Bloomberg plans to move the boats to Baltimore this week.\nCharlie Garcia, general manager of the ferry company Pumas Betancourt, told Reuters that he already has orders for about a dozen boats waiting in Baltimore to travel to the islands.\nHe said Pumas Betancourt will ask its customers to show their support for the affected families, and a few of the smaller units are already preparing for a demonstration.\nThe first ships to move forward at the port will be early this year. Some will be arriving shortly after Carnival begins celebrating three-to-five years of breaking records at its Miami and New York bays.\n(Editing by Meredith Mazzilli and Paul Simao)\n']

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http://www.reuters.com/article/us-dish-network-results-idUSKBN17X1HM?il=0

http://www.reuters.com/article/us-dish-network-results-idUSKBN17X1HM?il=0

Dish revenue misses estimates, loses more subscribers than expected

['Anjali Athavaley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - The number of subscribers to top U.S. cable provider Dish Network’s (DISH.O) Internet and mobile phone services has fallen to its lowest level in nine months as the satellite broadcaster cuts a cost-cutting operation to cope with escalating competition and cuts prices, the company said on Monday.\nFILE PHOTO: The Dish Network logo is seen on a TV during the NFL football game against the Baltimore Ravens in Baltimore, Maryland, U.S., October 26, 2017. REUTERS/Kevin Lamarque/File Photo\nThe drop in subscribers comes ahead of a looming earnings warning for the company on Thursday. On Monday, Dish said its quarterly net loss rose to 31.2 million pounds ($46.2 million) from 21.4 million pounds in the same period the previous year.\nA first-half order book of just 200,000 pounds fell sharply and had been forecast to shrink by 14 percent at constant exchange rates, with profits forecast to come in at 38 million pounds.\nChairman Charlie Ergen said Dish had cut costs and saw the decline in revenue in the current quarter as a key catalyst for 2019 and beyond.\nHowever, the results came at a time when investors are bracing for Dish to try to win back subscribers on its traditional U.S. cable television channels as an advertising war heats up.\nThe company is adjusting its plans after last year’s loss of more than 11 million subscribers, when it pulled out of deals with Walmart Stores Inc (WMT.N) and Costco Wholesale Corp (COST.O).\nIn October, its share price fell 16 percent after the broadcaster’s chairman said that Dish was approaching the current financial year’s peak of 9.7 million U.S. subscriptions.\nAsked by analysts if the expenses were already in the company’s financial forecasts, Ergen said that would be dependent on a regulatory environment.\n“We don’t see things going very far at the moment and we don’t foresee any major change in pricing or a change in the channel mix,” he said.\nHe said the company was working to further reduce costs by cutting costs by hiring corporate staff. He said the company was cutting costs by a third this year, hitting 800,000 from its low end of its current quarterly guidance.\n“There is a great deal of energy and discipline to do anything that generates shareholder value,” Ergen said.\nExcluding broker JP Morgan’s underwhelming report, net profit fell to 124 million pounds from 156 million.\n($1 = 0.8624 pounds)\n']

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http://www.reuters.com/article/us-usa-budget-idUSKBN17X0YF?il=0

http://www.reuters.com/article/us-usa-budget-idUSKBN17X0YF?il=0

Budget deal may map U.S. Congress road ahead, via Trump bypass

['Richard Cowan and Ginger Gibson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - A budget pact that would end a government shutdown that has cost the nation $1.3 trillion in lost tax revenue is to be introduced Monday in the U.S. Congress, Republicans have said.\nRepublican Representative Mick Mulvaney of South Carolina briefed reporters during a news conference in New York on Sunday and said the offer would be the first introduced during his term in Congress.\nBut the House of Representatives’ top Republican said he would not challenge Mulvaney’s approach.\n“I believe he is very candid about the budget. He’s the president,” Representative Kevin Brady said after the news conference.\nNeither Mulvaney nor Brady was available for comment.\nTrump has made no secret of his plan to slash taxes for businesses and couples by 20 percent in light of a projected $1.4 trillion deficit.\nThe $1.2 trillion in shortfall could even be larger than needed under the revenue package the House Budget Committee was supposed to use to balance the budget, but Republicans said they had no intention of letting that happen.\nThe budget deal would split revenues by various buckets, in some cases increasing the deficit, according to a congressional analysis by the Congressional Budget Office.\nDemocratic Representative Elijah Cummings of Maryland said he was studying how the Congressional Budget Office had predicted the potential deficit, but had concluded it was unlikely to be passed by Congress without a change in the spending caps.\nDemocrats have said the budget agreement is a placeholder, aimed at preventing the Congressional Budget Office from predicting how much federal spending would fall under the budget agreement.\n“We haven’t said what we are going to do next,” said Representative Trey Gowdy, a Republican from South Carolina. “I believe we have the legislation and we are ready for any type of appropriations language.”\nRepublicans have long opposed overhauling spending, arguing that the massive increases they had planned would stimulate long-term economic growth. Republican Representative Darrell Issa, chairman of the House Oversight and Government Reform Committee, called the proposed budget a “fantasy” plan.\nCREDIT SUISSE FOR BORDER DISPUTE\nThe deal with the White House would combine tax deductions and credits for millionaires and capping the cap on “pass-through” businesses would become effective on Jan. 1, but from 2019, business taxes would not change.\nOverall, the deal would raise the budget savings to a point above $1.3 trillion over 10 years but not before leaving the House.\nThe impasse over the spending blueprint was expected to delay passage of Trump’s tax reform plan, which he has warned could add billions to the deficit.\nThe White House and Congress would need to make it to the Capitol on Feb. 6 to restart voting on it. The schedule could change by a few days or weeks if the budget agreement can not pass.\nAt the same time, expectations for Trump’s tax plan have increased. To cap the percentage of tax to highest earners, the budget deal would need to include a vast array of deductions.\nBrady said that would present a challenge to members who may want to curb deductions, and that an amendment to Trump’s signature health care law might also help. But Brady said the move by Trump’s predecessor, Barack Obama, would be an exercise in futility.\n“I think it will be an exercise in futility,” Brady said.\nBoth Democratic and Republican U.S. House and Senate leaders, who are expected to present their plans to reporters next week, have said they would work to minimize the impact of the budget talks. But is that necessary in the long run?\nTrump said this week he might choose to punish Congress for not passing his 2016 tax reform law. He has indicated he would consider a repeal of Obamacare, although he has come under sharp criticism from fellow Republicans.\n']

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http://www.reuters.com/article/us-usa-trump-hotel-idUSKBN17X2IS?il=0

http://www.reuters.com/article/us-usa-trump-hotel-idUSKBN17X2IS?il=0

Public investments in Trump-operated hotel set dangerous precedent: U.S. senators

['Julia Harte']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Most U.S. hoteliers who use Trump International Hotel and Tower in New York City will never pay for its hotel rooms, U.S. Senate Republicans said on Tuesday, shortly after they urged a general inquiry into the dangers of the property.\nA hotel sign is pictured on the site of Trump International Hotel and Tower in New York January 30, 2014. REUTERS/Stephanie Keith\nOne of the Democrats who proposed an impeachment resolution against Trump on Tuesday added what he said was a key sticking point: Whether hotels are made in the U.S. or have no ownership in them.\nThe senators behind the proposal note that they were made aware of the risks by moving some of the businesses from one locale to another while simultaneously promoting a business model that is less lucrative and less attractive.\n“Restaurants, hotels, hotels all receive substantial operating profit from those who own their locations,” the Senate Republican senators said in a letter to Trump International Hotel & Tower Chairman Stephen Boyd.\nBoyd said last month that the estimated 160 hotels to include the Trump Hotel and Tower in its portfolio use Trump’s brand “to differentiate themselves, and thus a more compelling entry point for their business members.”\nBoyd has said that over the past several years, the company has made “investments to establish a separation of holdings and franchise from ownership” in 21,000 of the company’s global hotels.\nThe general inquiry, which is scheduled to begin in February, should discover how hotel owners have connected investments to the rest of the business, he said.\nTwo companies offered Trump hotels to Congress last year for “partial ownership” and have bought properties in the U.S. and abroad, according to media reports.\nThe GOP leaders, citing a U.S. Treasury Department report called “suspicious activity” at the Trump Hotel and Tower, complained that the office of newly elected President Donald Trump has moved the hotel company out of four-star hotel status and called on Boyd to take “appropriate action.”\nIn a filing with the U.S. Securities and Exchange Commission, Boyd referred questions about whether the operation was affiliated with one of his companies to Trump International Hotel & Tower. The company still owns a property in Manhattan, which Boyd did not list on the company’s website.\nHe said the company has “in no way provided the equipment or production facilities needed to manufacture or operate all the property’s hotels, suites, and rooms.”\nThe House of Representatives will take up the matter when it resumes regular session later this month.\nRep. Marsha Blackburn (R-Tenn.) said she would look into the matter, according to multiple media reports last month.\n“I will not work with respect to any business owner who wants to enter into this sector, let alone companies owned by an elected official,” she said.\nThe chairman of the Foreign Relations Committee, Rep. Bob Goodlatte (R-Va.), said in a statement: “Whenever that happens, I will make sure it does not happen to any U.S. businessman who seeks to avail himself of that privilege, and we must do so in this time of high energy.”\nTrump International Hotel & Tower was in the works for years, originally meant to be complete in time for the March 15 inauguration of Trump’s presidency. But the projects stalled after the late entrepreneur was ousted in a bitter presidential election dispute with Democratic President Barack Obama.\nThe Trump Hotel & Tower in Manhattan, pictured, was in the final stages of construction when the U.S. Treasury Department found that it contained “substantial amounts of damaged equipment and a substantial amount of undeclared cash for forfeiture,” according to an August 2016 report by the Treasury Department’s inspector general for tax administration.\nTrump’s New York properties were set up with the help of the Internal Revenue Service, which then had its interest for the building abandoned and leased to foreign companies through three schemes, the Treasury report found.\n']

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http://www.reuters.com/article/us-mideast-crisis-britain-idUSKBN17X2IM?il=0

http://www.reuters.com/article/us-mideast-crisis-britain-idUSKBN17X2IM?il=0

UK can no longer rely on U.S. leadership over Middle East: lawmakers

['Kylie MacLellan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - Britain is unable to rely on the United States as much as it used to because the United States is becoming too independent, British lawmakers say.\nAfter Brexit, the United States will pull out of the Middle East and EU with its 29 members in line for membership of the European Union, many believe.\nThis week, a nearly three-month delay in the historic vote sent the pound rocketing again, tumbling on Friday to its lowest level in a week.\nCurrent Prime Minister Theresa May warned that the vote was still in doubt. She said on Friday that voters should not be worried about lawmakers in parliament overturning the Brexit deal and walking away from the United Kingdom.\n“Today’s sudden jump in the pendulum has clearly put the weight of the United States into the Brexit debate,” said MP Tim Farron, the opposition Labour Party’s Brexit spokesman.\n“That’s my sense: Brexit will come out of the shadows now.”\nFarron and other parties say there are rising divisions within the government that may put pressure on May to seek a deal to stay in the bloc.\nThe British lawmakers want May to strike a deal which secures Britain’s business, employment and democratic rights, despite domestic divisions. A vote on a new deal would narrow the government’s majority in the 650-seat chamber, raising questions over whether the vote is deadlock.\nMany Brexit advocates see the referendum as a turning point for the country, which was divided by more than 11 years of negotiations.\nThey say May cannot afford to lose another parliament, the 12-strong majority that won parliament’s only major victory over her Conservatives in the 2015 referendum.\nThe row echoes the one that erupted in 2017 after the British parliament voted overwhelmingly to leave the European Union and some states wanted to leave the bloc and lawmakers described it as “Brexit Day”.\nThe European Commission has said it is concerned by the scene, which it calls ina way and a “global phenomenon”.\n“Unless conditions change, and political conditions improve, this engagement will be taken back to a small nancy,” said a Commission spokesperson.\nBrexit expert Carl Schulze, author of the book “Why EU Isn’t Right”, said the loss of Britain’s membership would cost the British economy at least 3 percent of GDP by the end of 2020.\nUnder Trump, Britain’s ties with the United States have soured. It has ratcheted up its sanctions against North Korea, cemented its proximity to Russia, appeared to have become more stringent on Iran and threatened China with slowing global trade.\n“You go to Washington and it seems as if you are going to have a constant and serious exchange of fire...and that is as relevant for this type of referendum as the government ever has,” Schulze said.\n“The European Parliament as well as probably a majority of the British parliament are going to lose their seats.”\nSome say the British parliament should give its consent to a new deal by holding a second Brexit debate.\nSlideshow (3 Images)\nShould the current shape of Brexit remain the same in the two years following Brexit, participants could not agree on a new deal and any proposal could be rejected by the two chambers.\nThe government is talking to all sides of the debate, even smaller ones, said Karoly Nekasky, an opposition lawmaker who is in favour of a new vote.\n“There is a view that there is little possibility that the Government will win the two-year referendum and that in turn, UK Parliament would revoke Article 50 which would remove the ability to hold a referendum. That that would put all the Government’s options open,” Nekasky said.\nSome say she must try to delay Brexit indefinitely to save her future, with a vote also possible with new term limits on other parties.\n“We can’t (resume the Brexit debate) without a government,” said Nekasky.\n']

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http://www.reuters.com/article/us-usa-senate-sec-idUSKBN17X2I3?il=0

http://www.reuters.com/article/us-usa-senate-sec-idUSKBN17X2I3?il=0

Senate votes to proceed with confirmation vote on SEC nominee

['Sarah N. Lynch']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The U.S. Senate voted 81-26 on Thursday to approve a nomination of Scott Pruitt to lead the Federal Reserve Bank of Oklahoma, as Democrats pushed ahead with a vote on the second Republican senator.\nPruitt has largely held the role of a staunch opponent of fossil fuel and energy regulation and his nomination was seen as a key part of the Senate\'s quest to move forward on President Donald Trump\'s possible withdrawal from the landmark climate change treaty negotiated by top U.S. climate scientist James Hansen.\nAfter Democrats sued against the EPA in 2016 over rules he imposed to curb emissions from coal-fired power plants, Pruitt created a record-setting carbon footprint when he appeared before Congress in December as the top cop in charge of the National Geospatial-Intelligence Agency.\nSince then, Democrats have tried to cast the vote against Pruitt\'s confirmation by focusing on his personal views and comments.\nDemocrats have pushed for a potential vote on Pruitt since the Supreme Court upheld the EPA\'s authority over coal-fired power plants, after Attorney General Jeff Sessions withdrew his nomination.\nOn Thursday, Senate Democrats voted 90-20 to advance Pruitt\'s nomination, while Republicans pushed for a vote on his nomination by 83-25.\n"We knew this was going to be a major vote and Scott Pruitt ... has come forward to say, \'Look, I\'m not looking to pollute anymore,\' " Sen. Mark Warner, a Virginia Democrat, said on the Senate floor on Thursday.\nThe Senate confirmation hearing comes four months after President Donald Trump nominated U.S. Attorney General Jeff Sessions to replace the EPA administrator.\n"The Senate has shown that they are fully involved in the decision-making process and deliberating at the highest levels of their Department of Justice," Sessions said in a statement after the Senate voted down the nomination.\nWhile defending Pruitt\'s record, the Senate\'s top Republican, Mitch McConnell, has sought to keep his Democrat colleagues united behind Pruitt.\nSenator Jeff Flake, a Arizona Republican, said on Wednesday the Senate could not agree with Sessions\' decision not to bring Pruitt aboard as head of the EPA in a "big-money" role and the bank being pushed out as fast as possible.\nAfter a contentious vote earlier in the day, the Senate passed the nomination of Republican Steven Mnuchin to become director of the Treasury.\nWhile the Republican-controlled U.S. House of Representatives quickly passed a resolution opposing the nomination, House Republicans said they did not trust Pence, so Mnuchin was nominated.\nKirsten Gillibrand, the U.S. Senator from New York, said in a statement after the vote that it was too soon to tell whether the Senate would vote again on Pruitt\'s nomination.\n"It\'s well known that this man will change the trajectory of our economy and the way we get forward," Gillibrand said.\nDemocrats could not win confirmation and repeatedly argued that their arguments would prove counterproductive, arguing that it had become increasingly clear that Pruitt had made mistakes that would not be right for the United States.\nThe vote comes after U.S. Senators also voted against Betsy DeVos\' nomination as secretary of education and even against President Donald Trump\'s choice of Senator Betsy DeVos to run his education department.\n(Reporting by Sarah N. Lynch; Additional reporting by David Shepardson; Editing by Howard Goller)\n']

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http://www.reuters.com/article/us-cvr-energy-biofuels-idUSKBN17X2HX?il=0

http://www.reuters.com/article/us-cvr-energy-biofuels-idUSKBN17X2HX?il=0

Big short position on biofuels generated profit for Icahn’s refiner

['Jarrett Renshaw and Chris Prentice']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Zayat, a global refiner of biodiesel, the equivalent of diesel fuel, seized command in Moody’s drugstore giant Darden Restaurants Inc (DRI.N) after losing court in its largest bankruptcy case in more than a decade.\nConsolidation and selling a shelf-stable refinery makes it easier for further mergers, further reducing debt and lowering pressure on competition in the industry.\nJahadri Bakri, general manager of Dow Chemical\'s (DOW.N) Dow Renewable Energy, told Reuters in an interview that a major reform under President Donald Trump is scheduled for 2021, which might create a double whammy of healthier profits, or a slumping market.\nGiven current prices, Bakri said, he could not comment on his company\'s stock prices, which have gained almost double the returns of the S&P 500 Energy Select Sector index (ESVX.S) since Trump took office.\n"We go to numbers, and we know that we\'ve been in bankruptcy," Bakri said in a telephone interview. "We don\'t want to go there."\nBakri, who owns 10,000 retail outlets globally, said there are several ways to prevent or reduce adverse economic impacts of mergers, but he doesn\'t believe external mergers were a primary consideration for management in consolidation.\n"I think macro consolidation is out of the question," he said. "And we are almost certain that the economy will continue to recover. Look at the last 10 years. There\'s not a lot of companies merging. So as we look forward, we are not concerned."\nWhile Bakri saw demand as driving growth for his company, he said, companies like Darden have found that the risk of losing share through consolidations pushes them to cut costs, which in turn forces them to cut prices.\n"We are reacting to the liquidity situation. There are some reasons why companies that are getting too big can cut themselves even more," he said.\nNew Rivalry\nDarden and Dow previously fought over Dow\'s bond portfolio, worth $28 billion, but they decided to move into Icahn\'s Pavilion, according to Reuters.\nHowever, Bakri said this changed the competitive environment and that he believes he is well positioned to benefit from it.\n"If you have a company that\'s successful, you get the price discount," he said. "You have to buy the assets where others are cheaper because they have prices that are growing and offer those prices to investors."\nToday, he said, there is competition in the domestic feedstock market, where companies like Ramon Resources Corp (RRCY.N) and Hillshire Brands (HSH.N) make significant savings to comply with the recent Purdue energy-level pricing regulations.\nBakri said that he did not expect a major change in industry dynamics, but he believes it will create competition in the fast food industry.\n"There is real competition, but there is opportunity," he said. "Darden has an opportunity to become the biggest, and probably only one in the retail market, so that makes us even more valuable to shareholders. So that\'s the topic."\nBakri did not rule out consolidation in the food industry, adding that he sees technology so efficient that within 10 years even consumer items are disposable.\n(Reporting by Jarrett Renshaw in New York; Editing by Nick Zieminski)\n']

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http://www.reuters.com/article/us-usa-fsoc-idUSKBN17X2E4?il=0

http://www.reuters.com/article/us-usa-fsoc-idUSKBN17X2E4?il=0

U.S. regulators to delve into ’too big to fail’ designation

['Lisa Lambert']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - U.S. regulators will continue to review the “too big to fail” designation of major U.S. financial institutions after a buyout offer from Enron Corp went ahead, a U.S. Treasury official said on Tuesday.\nFederal Reserve President Dennis Lockhart (R) speaks during a news conference on Federal Reserve policy at the U.S. Federal Reserve Bank of Cleveland on Main Street in Cleveland, Ohio, October 11, 2015. REUTERS/Larry Downing\nUnder the designation, the bank and private companies who buy the troubled mortgage securities should have been trading widely known and stable. Critics have called the list a deregulatory swipe at the U.S. economy’s financial health, which has suffered huge losses from stock market swings of late.\n“The disclosure of ‘too big to fail’ designation is consistent with how the entire banking industry has been treated in the past,” Treasury Secretary Steven Mnuchin said in a statement.\nMr. Mnuchin said the move marks an “ongoing effort” by U.S. regulators to increase transparency and provide “clear examples of regulatory regimes they have developed.”\nIn September, The Wall Street Journal reported that the U.S. Treasury was considering requiring banks and investment banks to compensate consumers or pay premium commissions.\nLivestock Investment Corp, National Western Life Life Insurance Co and Acadia Plc, all of which own or sell farmed beef, announced similar plans in November.\nThe Treasury Department is studying whether the Department of Housing and Urban Development should consider a regulatory framework similar to Wall Street’s 2013’s “too big to fail” designation of Goldman Sachs Group Inc (GS.N), Citigroup Inc (C.N) and JPMorgan Chase & Co (JPM.N).\nThe federal government had been quietly looking to protect what are called “too-big-to-fail” banks from becoming again targeted by regulators, which include some of the nation’s biggest bond investors.\nMany banks share some of the interconnectedness of major consumer debt backed by derivatives.\nAbout 1,500 financial institutions bought some or all of Enron’s toxic mortgage securities in 2004 and 2009. Enron has since sold its remaining stake to a private equity company and a home-improvement company for $5.7 billion.\nEnron’s compensation to customers had been based on performance, not profits.\nAdvocates for big banks said the Treasury move is a good start, but did not offer specific measures to strengthen the banking system.\n“This very important announcement is in response to growing public concerns about the extensive control and disregard that Wall Street companies place on the way to financial health, and they deserve no place on the financial services industry,” Charles T. Singer, vice president of global regulatory affairs at the Center for Responsible Lending, said in a statement.\n']

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http://www.reuters.com/article/us-usa-healthcare-idUSKBN17X1Q2?il=0

http://www.reuters.com/article/us-usa-healthcare-idUSKBN17X1Q2?il=0

White House seeks quick vote on healthcare overhaul but hurdles remain

['Yasmeen Abutaleb and Susan Heavey']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON The White House is looking to secure a quick vote on the Republican healthcare bill in the House of Representatives before Congress retires in two weeks, amid a rash of health care law setbacks and slow-moving bills as Republicans stand at odds with President Donald Trump.\nThe committee that would oversee legislation, the House Finance Committee, has proposed a late-January vote that would be six months away, prompting the White House to seek a two-week bill with a bipartisan outline of principles to protect the individual mandate.\nThe House is nearing a decision on the repeal-and-replace bill, while the Senate is near a hard-fought path to Senate approval of a health care bill, regardless of whether it gets enough Republicans and Democrats in the Senate to try and sell the legislation to the White House.\nEarlier this week, Republican leaders of the House and Senate committees that pass the healthcare bill came up short on the measure they want to repeal Obamacare. A joint session of Congress, though, could be held to try and block President Donald Trump from implementing the legislation.\nThat could complicate efforts to block Trump from enforcing the law, with efforts to extend the tax cuts enacted last year and draw many Americans back into the workforce. Republicans, for their part, have called for regular, two-week efforts to enact the healthcare legislation before the new Congress convenes for the next month.\nDemocratic leaders held a press conference on Thursday to urge the White House to go to work in the House, though they declined to say whether they would back Trump over the Republican healthcare proposal.\n"We want to see swift action ... if they are going to have a real, focused plan, and let\'s give our party leadership the time to do that," Democratic Representative Chris Van Hollen said after meeting White House officials.\nRepublican leaders of the House and Senate committees that passed the healthcare bill, the Finance Committee, have pledged to move fast to repeal and replace Obamacare - the law that carved out parts of the Medicaid healthcare program for the poor and disabled under Obamacare.\nTrump has been using the healthcare bill as a testing ground for a Trump administration that often boasts that its legislative agenda is consistently bipartisan.\n(Reporting by Yasmeen Abutaleb and Susan Heavey; editing by Lisa Shumaker)\n']

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http://www.reuters.com/article/us-usa-budget-financial-idUSKBN17X2DI?mod=related&channelName=politicsNews

http://www.reuters.com/article/us-usa-budget-financial-idUSKBN17X2DI?mod=related&channelName=politicsNews

Few surprises for banks, financials in U.S. budget deal

['Lisa Lambert']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - Sustained robust equity markets and low interest rates, slow growth in wages and shrinking government debt led to modest expectations for next month’s federal budget deal, but it did not help jolt U.S. stock markets.\nFILE PHOTO: A JP Morgan (JPM.N) employee presents the Wall Street Journal' 2014 2014 Big Deal Report in front of the Wall Street Journal's 60th annual Power Lunch event in Washington, DC, May 28, 2014. REUTERS/Yuri Gripas/File Photo\nRepublican House Speaker Paul Ryan and Democratic Senate President John Thompson led an outline of a deal in the Senate that will deal with spending cuts and tax reform. The deal was sent to the White House on Wednesday afternoon.\nIt was not expected to create a huge amount of new revenue, but the deal does contain $130 billion in new tax credits, a hike in the federal gasoline tax and a higher limit on corporate tax rates.\nMajor stock indexes rallied on the prospect of the deal, with the Dow Jones industrial average closing up 7 percent on the day. Commodities rallied and homebuilder stocks closed at a record.\nHowever, Wall Street was not immune to the jitters, as the CBOE volatility index .VXX — a measure of investor anxiety — rose 4.5 percent in late afternoon trading.\nS&P 500 earnings indexes .SPXP set a new high on Wednesday. Factoring in the deal, the S&P 500 is up 16 percent so far this year, while the Dow is off 9 percent.\n“The biggest worry is how much debt are coming in,” said Shaun Osborne, chief executive of BSN Canada Inc in Winnipeg, Manitoba.\n“There is always a concern that if you do not really buy the share of debt, you end up paying less in interest rate and ultimately more in taxes. If you do not buy the debt, you start to get very nervous about the economy...In general, equity market has been one of the more vocal markets in the United States in terms of doing that.”\nOther concerns included political uncertainty and risks ranging from probes into Russian interference in the 2016 U.S. presidential election to costly geopolitical tensions.\nHealthcare stock S&P 500 .SPX was little changed after the outcome of a hearing on Obamacare on Thursday.\nU.S. House of Representatives Speaker Paul Ryan listens during a question and answer session about the spending cuts deal signed by House Speaker John Boehner (R-OH) and Senate Majority Leader Mitch McConnell (R-KY) in the House of Representatives in Washington, January 1, 2014. REUTERS/Joshua Roberts\nAcross the Atlantic, retail trading on the NYSE .SXRT was mixed on Wednesday after Wall Street’s earnings showed disappointing results for retailers such as Macy’s Inc (M.N) and online rival Amazon.com Inc (AMZN.O).\nRevenue in a physical retail chain rose 9 percent to $11.5 billion for the fourth quarter, better than the Street’s forecast, but Amazon.com reported an earnings decline in its same-store sales, denting prospects for many retailers.\nBoth Amazon and Macy’s reported weaker than expected quarterly results on Wednesday and Thursday.\n"]

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http://www.reuters.com/article/us-usa-china-asia-analysis-idUSKBN17X1NE

http://www.reuters.com/article/us-usa-china-asia-analysis-idUSKBN17X1NE

Asian nations pulled into China’s orbit as Trump puts America first

['Martin Petty and Manuel Mogato']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["HONG KONG/BEIJING (Reuters) - A growing pool of Asia’s wealthiest people have been ordered to adopt Mandarin, English and Cantonese in their ways in order to save China from economic decline.\nPresident Donald Trump's administration is expected to release a free-trade agreement with six of the seven remaining ASEAN countries this week, but several nations have kept their course on such a slow-paced path.\nThe expansion of the U.S. retail and entertainment industries and immigration in many other major economies has buoyed the spending of wealthy families and widened the pool of cultural and athletic peers around the world.\nIn some cases, models or celebrities have become accommodated in their local capitals.\nWhile these factors have often enabled wealthy foreigners from around the world to house and manage their money, there has been little reciprocity by China.\nMao Zedong’s assassination of his successor was not so much a political act as a racial intimidation and a breach of Chinese custom.\nCanton China has become an epicenter of consumption in Chinese urban areas, and individual households are increasingly concentrated in cities such as Guizhou and Guangdong provinces, places of strong cultural and religious importance.\nProperty developer Geng Wuhan, who built China’s largest real estate site in Gao Feng over the past two decades, said he wanted to diversify his source of income, while keeping the desire for domestic consumer goods like car and household appliances to local language.\n“I don’t have much room left to breathe. I want to save China more,” Geng told Reuters in a phone interview after he opened China Business & Investment Week in Hong Kong on Tuesday.\n“It (consumption) has risen since 2000 and there is no more room for room to breathe. It is a matter of our culture and our language,” he said.\nCHINA NEEDS EXPERIENCE\nThat is happening. Growth in domestic consumption has surged to its highest levels in more than a decade, according to a semi-official China Economic Daily, but analysts say the rise is slowing.\nThe nation’s economy grew 7.3 percent last year, compared with the official 6.3 percent, according to Statistics Bureau data. That was faster than nearly all of China’s 27 largest metropolitan areas.\nMoreover, growth has slowed somewhat over the past year as the pace of local economic growth has slowed.\nIn June, China’s monthly official Purchasing Managers’ Index for China fell to 50.6 in December from an almost 70-month high of 55.9 in October, data showed.\nEven without a big economic slowdown, China’s national economy remains fragile, analysts say.\nThe index, which gauges company performance, plummeted last year to its lowest point since 2010. The strong yuan has a nagging impact on foreign demand.\nChina’s quarterly consumer price inflation fell 0.2 percent from the prior month, falling below the central bank’s target for a third straight month, the state-run China Daily newspaper reported on Tuesday.\nChina’s economic boom, fueled by a booming young labor force, has increasingly eroded living standards and the living standards of the country’s middle class.\nA recent jobless rate of 6.3 percent was also below the central bank’s target of 5 percent.\nChina’s inflation is faster than its near-5 percent target and investment spending has slowed considerably since the middle of last year, cutting total investment expenditures by a third, according to DBS Bank.\nIn a Reuters poll of 55 Chinese business executives and analysts, 35 percent said the economy would slow in the second half of the year, compared with 33 percent last month.\nOn January 2, two days after that poll was published, Naculat Group, one of China’s largest retailers, said it would halt its planned $700 million renovation of a shopping centre in southwestern Hunan province and planned to halt construction of a highway in the state capital, Shenzhen.\n"]

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http://www.reuters.com/article/us-usa-court-gayconversion-idUSKBN17X1SJ

http://www.reuters.com/article/us-usa-court-gayconversion-idUSKBN17X1SJ

U.S. top court rejects ’gay conversion’ therapy ban challenge

['Andrew Chung']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['President Donald Trump\'s top federal appeals court dismissed a challenge by two same-sex couples to a Defense of Marriage Act (DOMA) law, saying that the national definition of marriage has been rewritten to include same-sex couples and that it applies to legal relationships.\nThe court decision is the latest setback for gay rights advocates who filed a challenge last year to a lower court ruling against the policy in the U.S. District Court for the Eastern District of Texas that limited the use of DOMA for two reasons: public accommodations and gay marriage.\nDOMA defines marriage as between a man and a woman. A federal judge in June dismissed the Texas law challenge, citing the constitutional significance of the provision that defines marriage as "the union of one man and one woman" but not "the union of two persons" that "so closely resembles a marital union" and supports "traditional" marriage.\nJustice Antonin Scalia, who died in 2016, sided with the Texas court in that case and wrote for the majority.\n"If DOMA is constitutional, for God\'s sake, it would be thrown out," Scalia wrote in his opinion.\nU.S. District Judge James Robart, who heard oral arguments in October, ruled against an appeals court ruling a week later that the Texas law was unconstitutional and invalid. Robart also struck down last year\'s gay marriage ban in a separate case.\nBy a 3-0 vote, the full U.S. Supreme Court on Wednesday upheld federal marriage equality laws in California and five other states and the District of Columbia. The federal government could also file an appeal, a petition can be submitted for federal intervention or filed a lawsuit.\n"In the absence of the last court decision, the case that was part of its appeal will continue to be appealed to the Supreme Court," said Peter Peck, the lead attorney for the Ramesh Ponnuru-organizing National Organization for Marriage in an email.\nOnce the Supreme Court ruled against it last fall, Congress enacted a law in 1996 that granted states the right to impose their own marriage equality laws. The law bans same-sex marriage in federal jurisdictions where it is legal and protected by the 9th U.S. Circuit Court of Appeals, which ruled the act cannot force the federal government to recognize a same-sex marriage.\nDOMA\'s ruling was motivated by the desire of some conservative Democrats in the U.S. Congress to soften the state of the institution to allow same-sex couples to marry, just as gay couples did under Prop 8, California\'s anti-gay marriage law in 2008.\nThe justices signaled they may challenge the Texas law by agreeing to hear arguments over the state\'s rejection of the gay marriage ban.\nIf that fails, gay couples who object to efforts to legalize same-sex marriage nationwide could be denied their domestic partner benefits and relationships. Also, the court could strike down the Texas law, which allows the state to refuse gay couples in public accommodations or offer them health benefits because of the issue of same-sex marriage.\nRepublican U.S. Senator Ted Cruz of Texas, the top Republican on the court, argued before the court that DOMA does not have to apply to only same-sex couples because the definition of marriage that is the difference between them is also applicable to heterosexual marriages.\nArizona Attorney General Dustin McDaniel and two of his state\'s congressional colleagues moved to block the decision from being reviewed, arguing that Texas law is unconstitutional because it bans same-sex marriage on the basis of civil union, not marriage.\nBut Justice Stephen Breyer, who became a swing vote on the court, said DOMA is a "dissentable statute," and has, in his opinion, "become" a "very dangerous piece of law."\nRights lawyers for gay and lesbian couples argue that federal statutes could apply to same-sex couples. Attorneys representing those arguing for that could argue that DOMA does not apply to heterosexual couples.\n"The state has now passed the law," said Mark Zelaya, a partner with the Nelson Lichtenstein law firm of Warren, Perry, Reddelux and Lyons in Boston. "The state is now saying that the law is the law of the land."\n(Reporting by Andrew Chung; Editing by James Dalgleish)\n']

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http://www.reuters.com/article/us-jcrew-debtrestructuring-blackstone-idUSKBN17X1KD

http://www.reuters.com/article/us-jcrew-debtrestructuring-blackstone-idUSKBN17X1KD

Exclusive: Blackstone’s GSO snaps up J. Crew debt in restructuring gambit

['Jessica DiNapoli']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HONG KONG (Reuters) - Blackstone Group LP’s GSO Financial Group Co said on Monday it has snapped up two of J. Crew Group Inc’s (JCG.N) previously outstanding U.S. debt in a deal that would give it total debt of $1.5 billion.\nSome 46.1 million J. Crew shares were traded at $72.95 each in Hong Kong, according to a filing. Trading was halted for a brief time before the announcement was made.\nA source familiar with the matter said the deal involves asset swaps and is part of the GSO spokesman’s restructuring of J. Crew debt that was first announced in June.\nEarlier this month, M&A adviser Consensus Partners LLC filed a separate short sale motion to close a $1.6 billion debt refinancing in which Blackstone bought up J. Crew debt, and consented to sell out all of its debt at a cash-and-stock deal that was previously agreed.\nJP Morgan and Abraaj Group Ltd (ABRA.NS) also declined to comment.\nJ. Crew declined to comment.\nThe debt swaps are part of Blackstone’s main restructuring initiative and its planned divestment of J. Crew debt is the latest in a series of debuts for the global private equity firms.\nBlackstone, which bought New Castle Investment Management Co Ltd’s (2103.T) entire financial unit and 49 percent of the J. Crew business, in September sold $1.6 billion of convertible debt to the private equity firm and early-stage venture investment firm Vector Capital LP.\nBlackstone has about $22 billion of U.S. debt and plan to reduce that amount by about half next year through debt maturities and asset purchases.\nBy far the most high-profile debt maturities for Blackstone this year are Moody’s Senior Debt, which it said is expected to come in at $3.1 billion.\nA New York-based, privately-held company has liabilities for $3.37 billion, including $2.45 billion with Enterprise Value Per Share, up about 25 percent from its May 2016 close.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKBN17X1L5

http://www.reuters.com/article/us-usa-stocks-idUSKBN17X1L5

Apple, tech lift Wall Street as Nasdaq sets record

['Lewis Krauskopf']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Shares of Apple Inc rose 2.5 percent and the Nasdaq set a record intraday high on Thursday, aided by upbeat reports that its top-selling iPhone 7 has allowed customers to trade for at least five weeks, and as the stock index surged to an 11-year high.\nFILE PHOTO: Apple employees figure on a Mac computer in the "Macworld" museum at DreamWorks Animation SKG Studios in Hawthorne, California February 3, 2013. REUTERS/Stephen Lam/File Photo\nApple boosted its earnings in fiscal fourth-quarter, as it reported higher revenue from its top-selling iPhone, where sales are growing, and priced new iPhones that can be launched at nearly twice the price. But the stock was laggard this month after a disappointing holiday quarter and little news about the iPhone 7.\nApple provided the biggest boost to its U.S. market share by surging close to 53 percent to reach 76.4 percent, helped by accelerated sales to Apple’s international users.\n“The stock is picking up on the trade-in,” said Michael O’Rourke, chief strategist and senior technical analyst at Wunderlich Securities. “The focus is now on Apple’s impact on other major sectors, and how they will impact the stock over the coming days.”\nApple’s stock has gained 26 percent so far this year, outperforming the S&P 500’s 7.4 percent gain. The stock’s rise is the most since 2011, when it hit its year-high.\nThe stock rose more than 2 percent on the New York Stock Exchange, its biggest move since late November. The stock was up $20.01, or 1.6 percent, at $425.85.\nShares of Amazon.com Inc (AMZN.O) also surged about 2 percent. Amazon’s shares rose 7.2 percent after analysts at Morgan Stanley upgraded the stock to “buy” from “neutral.”\n“This is the next logical step for Amazon,” said Julian Vanden Berenberg, portfolio manager at Janley-Kupferberg in Wellington, New Zealand. “If the company can deliver something and come back stronger, this would be another significant move for the stock.”\nApple shares had a premarket gain of 1.7 percent.\nApple has beefed up its plan to hire 200,000 to 300,000 hourly workers, resulting in growth in wages in this year’s fourth quarter, excluding bonuses, the company said. The stock closed down 68 cents, or 1.8 percent, at $606.04.\nMEGA-STICK UP\nAlthough the stock performance comes at a time of challenges in Wall Street, at least one analyst has said the moves are likely to make Apple look past the challenges to justify the stock’s move.\n“It will be interesting to see how it responds to a surge in the stock relative to the 100-day moving average,” said Craig Moffett, an analyst at MoffettNathanson in New York.\nOn the other hand, Morgan Stanley analysts also upgraded Apple’s stock to “overweight” from “equal weight,” citing a rising rate of dividend payments, an upbeat outlook and expecting an 8 percent increase in earnings in fiscal 2018.\nA string of tech stocks including Facebook Inc (FB.O), Alphabet Inc (GOOGL.O) and Apple fell on Thursday.\nThe Dow Jones Industrial Average .DJI lost 117.13 points, or 0.31 percent, to 24,421.07, the S&P 500 .SPX lost 13.08 points, or 0.40 percent, to 2,762.26 and the Nasdaq Composite .IXIC dropped 69.93 points, or 0.84 percent, to 5,750.26.\nWall Street has rallied around technology’s strongest performers this year since the end of February. The Nasdaq reached its most recent record on Wednesday.\nNasdaq finished on Wednesday up 19.88, or 1.6 percent, at $575.64.\nBlackBerry Inc (BB.N) shares fell 2.7 percent after UBS downgraded the company’s stock to “equal weight,” cut it rating to “market perform” from “overweight,” set a price target of $505, down from $585.\n']

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http://www.reuters.com/article/us-palestinians-hamas-document-idUSKBN17X1N8

http://www.reuters.com/article/us-palestinians-hamas-document-idUSKBN17X1N8

Hamas softens stance on Israel, drops Muslim Brotherhood link

['Nidal al-Mughrabi and Tom Finn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CAIRO (Reuters) - Hamas on Sunday softened its position on Israel, while refusing to label the Islamist movement a terrorist organization, according to a document posted online.\nFILE PHOTO: Hamas Prime Minister Mohammed Dahlan addresses the parliamentary elections in Gaza City, May 4, 2017. REUTERS/Mohammed Salem/File Photo\nGahal and the al-Qaida-linked Muslim Brotherhood are backers of Hamas and are cooperating with it politically, though behind the scenes, officials think the group will never renounce attacks against Israelis.\nIn the document published on the website of Zawiya News agency, Hamas spokesman Fawzi Barhoum appeared to have changed the words “terrorist”, and said the group would “never renounce the existence of a religious entity”.\nIt was also unclear whether Hamas and the Brotherhood will endorse the actions of Israel in the Six-Day War that began in Gaza in July 2015, which has killed nearly 2,800 Palestinians and brought the region into its longest conflict with Israel.\nHamas said: “Israel has occupied Gaza since the 1979 Islamic Jihad Movement founded in what is the 1st world’s most famous Islamic emirates, established on the territory of the Islamic republic and Hashemite Kingdom of Judea and Samaria - the state of Sinai, part of the UAE, Qatar, Saudi Arabia and the United Arab Emirates.”\nMany Palestinians are sceptical about how Hamas will affect its Islamist movement if it refuses to cooperate with Israel, be it by labeling it an outlaw group or by recognising it as a “terrorist” state.\nBut Hamas says it is committed to a peaceful end to bloodshed by returning to a negotiated settlement, urging the Palestinians to halt attacks on Israel.\nA spokesman for former Israeli Prime Minister Ehud Olmert on Sunday denied Hamas was opposed to Israel because it targets the Jewish state, saying the organization had not committed any acts that would require a formal withdrawal from the Gaza Strip.\n“I say not because I oppose the Zionist project but because Israel’s illegal annexation of the territory is not the right thing to do,” Nour Adasheh said in televised remarks.\nA spokesman for the Palestinian territories minister, Binyamin Netanyahu, on Sunday said Hamas would like the negotiations to end the fighting to succeed.\n“If the Zionist project leads them to end the offensive against Gaza and turn around the situation in the territories of the Palestinian Authority, I am confident that they will succeed,” Abba Eban told state television.\nThe Israeli envoy to the U.N. General Assembly, Knesset Speaker Isaac Herzog, also said Hamas would not accept Israeli talks aimed at an end to the Gaza fighting.\n“I don’t see the determination in us to end the fighting,” he said on Israel Radio, before condemning Israel’s “policy of irresponsibility, damage to the Palestinian cause and its demolitions”.\n']

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http://www.reuters.com/article/us-new-jersey-trump-tax-idUSKBN17X2EM

http://www.reuters.com/article/us-new-jersey-trump-tax-idUSKBN17X2EM

New Jersey’s Christie vetoes bill seeking Trump’s tax returns

['Joseph Ax']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - New Jersey Governor Chris Christie vetoed a bill on Tuesday aimed at blocking the administration of U.S. President Donald Trump’s tax returns from returning his annual tax returns.\nChristie, who is not standing for re-election in 2020, said he wanted to develop a legal framework for his tax bill requiring accountants to give income data to the secretary of state to help find a home for his personal documents.\n“After reviewing its totality and its companion legislation, I have voted to leave it up to Mr. Trump and his family to determine their personal content,” Christie wrote on Twitter.\nKnown as an Act of Trenton, the legislation is the latest example of Christie’s tough-on-crime, anti-business stance after Democrats swept back into power in New Jersey this summer.\nThe law mandates that detailed information such as Social Security numbers, birthdates and addresses be withheld from tax returns filed by accountants required by law.\nThe aides behind the legislation, previously working with Christie and his wife, do not oppose releasing tax returns but want to review them for accuracy and instead ask for disclosure of the source of the information.\nThe information could allow Trump to obtain hefty tax refunds in an effort to navigate what lawmakers say is his fast-changing tax record.\nHe is required to submit several months’ worth of tax returns online, along with other forms of government information.\nSome tax reform experts say Christie’s decision may be a precursor to the taxes bill that has languished for several months. That bill has stalled and Christie indicated he may propose language that would permit the government to release previously released documents without certain exceptions.\nAt least one lawmaker has proposed it in an effort to delay the bill for several weeks.\nTrump and his wife, Melania, have long criticized Christie, who he said provided “insulting, unflattering” treatment of Wall Street bank executives. The White House, however, has emphasized that Trump is not a tax collector, and has said his family provides tax records as part of his job.\n']

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http://www.reuters.com/article/us-milken-conference-ross-idUSKBN17X2EU

http://www.reuters.com/article/us-milken-conference-ross-idUSKBN17X2EU

U.S. Commerce Secretary Ross says deregulation may boost economy

['Lawrence Delevingne and Svea Herbst-Bayliss']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said deregulation could boost growth in the country’s car industry but said the nation’s job growth probably was too small to boost other sectors of the economy.\nPilot Day, a day where a manufacturing nation massifies and generally bets big-ticket capital goods will come flying in, was a kind of mass happy day for workers in the United States, Ross said.\n“Deregulation in car manufacturing, even if reduced, will actually lead to more good jobs and even more opportunity for the United States economy,” he said during a lunch with reporters.\n“So, for the goal of American manufacturing expansion, especially given the low unemployment rates, will be a big reason that it will have some positive effects on the larger picture.”\nRoss' comments echoed comments by another Republican, New Jersey Governor Chris Christie, on Friday that he could support a possible full-scale deregulation, the main plank of his campaign.\nPresident Donald Trump is trying to use deregulation to promote his business-friendly agenda, often towards the top of his agenda, including revamping the country’s financial system, reinstating the death penalty, renegotiating NAFTA and cutting more than $1 trillion in U.S. taxes.\n“We're going to be lagging behind, and I think that we are, particularly in terms of economic growth,” Ross said.\n“Somewhere, somewhere at this point, we may be one of the biggest losers.”\nRoss said he is not ruling out regulations and other changes that would limit the U.S. ability to manufacture domestically. However, he also warned that the administration might be pushed to do more.\n“That’s a multi-national situation, as you said, right,” he said.\nNo one in the industry believes there will be a need for an immediate deregulation, although some of its members, including Toyota and General Motors Corp, see the improving economic conditions as a “cause for expansion.”\nThe chief executives and administration officials from the carmakers’ companies and automakers’ own business associations expect a path to a full-scale deregulation by 2020. That’s up from at least six in the past two years, in order to protect employment and encourage investment.\nSeveral departments and agencies could agree on the coalition to introduce regulatory changes to guide other industries, including capital goods and autos, at some point, Ross said.\nAccording to a U.S. Department of Commerce report issued in October, Trump has been pushing to implement a consumer protection law requiring automakers to set minimum retail prices for their products at the start of each new year.\nBefore meeting with reporters later on Tuesday, Ross said the first two steps to guide consumer protection legislation were starting with the day when most home and auto makers submit their annual fall reports to Congress.\nRoss said any regulations would have to look well into product safety, business-process issues, labor rules and environmental regulations before they could be designed and implemented.\n“You have to manage all of that,” he said.\n"]

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http://www.reuters.com/article/us-milken-conference-usa-mnuchin-idUSKBN17X1XR

http://www.reuters.com/article/us-milken-conference-usa-mnuchin-idUSKBN17X1XR

Mnuchin sees U.S. growth reaching 3 percent in time, tax cuts to help

['Olivia Oran and Svea Herbst-Bayliss']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Thursday said his government may see an increase in revenue next year if Congress cuts tax rates that he has championed in the Democratic Party.\nFILE PHOTO: The United States Treasury Secretary Steven Mnuchin gives an economic news conference during the President's Economic Outlook Conference in Washington, U.S., June 11, 2018. REUTERS/Joshua Roberts/File Photo\n“If you look at our options, you can think of something in the form of reducing taxes. Otherwise, you can put all of those other elements together,” Mnuchin told CNBC.\nAdding to the issue of tax cuts is an annual debate in Congress over when it could get to expiration. Republican President Donald Trump wants a reduced rate of 30 percent from the current 35 percent, which he’s threatened to lower in a 2019 tax overhaul plan.\nMnuchin was speaking before the Consumer Financial Protection Bureau (CFPB) presented its findings on Thursday to Congress.\nThe CFPB, a multi-agency agency charged with ensuring consumer protections, is expected to present its economic and financial analysis to the White House on Friday.\nThe Democratic-controlled House of Representatives has proposed a $1.5 trillion tax cut, citing a growing number of consumer-protection protections the cuts would reduce and boosting growth.\nRepublicans control the House, Senate and the White House by a 55-43 vote.\n"]

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http://www.reuters.com/article/us-france-election-idUSKBN17X1OG

http://www.reuters.com/article/us-france-election-idUSKBN17X1OG

Macron, Le Pen exchange May Day blows on day of rallies and protests

['Michel Rose and Sudip Kar-Gupta']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS (Reuters) - French president Emmanuel Macron on Tuesday expressed anger at his own candidate, former finance minister Jean-Luc Melenchon, saying his title was already a symbol of populism at a high level.\nFILE PHOTO: French president Emmanuel Macron speaks on the subject of jobs and fiscal policy at the Elysee Palace in Paris, France, November 9, 2017. REUTERS/Philippe Wojazer/File Photo\nThe 26-year-old Prime Minister is a heavyweight on the left, and faces far higher political power if a similar contest was held in France’s second-largest city of Lyon.\nBut based on what leaders of the main political parties said on the occasion of the State of the Republic Day, political marathons and rallies on the holiday are unlikely to be enough to topple centrist Francois Fillon.\nThe world’s highest-paid politician, the father of four children and former lawmaker, quit a poll he co-owns in 2017.\nMacron took aim at his own party on Tuesday by launching his first television advertisement since a May runoff against whom he promised to make France more competitive.\n“I believe it, we have failed,” he said of the Ligue 1 title that comes with a house at the end of a long presidency.\n“You have the right to win. That is a compact of the possibilities of the French state but also the sense of duty of the state. That would see us get back to the basics,” he said.\nMacron, who has been without a Conservative Party (PPC) leader since the death of Jean-Luc Melenchon in May, was speaking in Rennes, 10 miles (20 kilometers) west of Paris. He has a sister and a son in his country of origin.\n“President Macron had not been on the ballot,” said state-run newspaper Paris Parisien, by far the most prominent of French media.\n“The stakes are high for me, for my family. I’m not available to seek power on a specific date because I have spent my entire life in politics.”\nThe smallest polls are published and match mainstream politics in France. The People’s Party (PP) is leading with 33 percent, and the Socialists (SP) have 7 percent.\nSeparately, since elections were called in June, centrist French comedian Dieudonne M’bala M’bala’s (DMYA) week of activities has moved from office to a virtual party headquarters.\nThe 22-year-old entrepreneur was born in Europe but grew up in France, most likely to work as a DJ. Now, DMYA activists are rallying in Paris with attacks by Islamist terrorists around the day.\nHe has had a rather lower profile since moving from his home of West Africa to France. He did not rule out pursuing an association with the political party, which could be combined with the FPTP, the nationalist party set up last year.\nOn the campaign trail, one of his closest allies, Marine Le Pen, suggested calling the onus on a France-Canada-Turkey relationship to include a trade deal to avoid a clash between Turkey and the EU.\n']

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http://www.reuters.com/article/us-usa-trump-technology-idUSKBN17X1S9

http://www.reuters.com/article/us-usa-trump-technology-idUSKBN17X1S9

Trump signs executive order to modernize U.S. government info tech

['David Shepardson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN FRANCISCO (Reuters) - President Donald Trump signed an executive order on Wednesday that aims to modernize U.S. government data technology as part of his efforts to combat cybersecurity risks.\nThe White House said the order, expected to take effect immediately, will regulate the federal government’s operations and the very nature of data science — making it far easier to collect and analyze the latest information.\n“The new rules will fully protect data integrity and make it less difficult for organizations and policymakers to ignore potential risks,” the White House said in a statement.\nThe Executive Order, called “Securing Our Digital Future,” seeks to set up a single national standards body designed to work with businesses to meet the government’s challenges. It makes the legislation a legal framework, rather than an administrative version.\nBoth the executive order and a new, politically connected White House cybersecurity “constitute a significant departure from longstanding government policies and practices that have prevented adversaries from compromising the integrity of our government and our cybersecurity.”\nEven as businesses take steps to guard against cybersecurity risks, U.S. lawmakers have been divided over the president’s directive.\nSenator Lisa Murkowski, the lead Republican in a breakaway Republican from Alaska, wrote a letter to Trump that criticized the executive order. The South Carolina Republican spoke out Tuesday on Twitter against it, saying it would make it difficult for businesses to “keep our nation secure.”\nThe president’s directive, titled “Protecting Our Digital Future,” is expected to take effect in early January.\nThe White House said it intends to implement the rules as they go into effect, and it hopes to make the regulations as easily up and down as possible.\nIn a sign of its ambitions, Trump’s Executive Order was issued two days before the Jan. 8 tax holiday. The legislation would have allowed the federal government to pass a yearlong holiday for workers from 2017 to 2026, which the White House has said would help fund programs for cybersecurity.\nStill, job-creation plans are already a hot topic in congressional chambers. A top Republican, Florida Republican Jeb Hensarling, said this week he had begun drafting a proposal for tax cuts and infrastructure spending with U.S. Vice President Mike Pence.\nLast week, a bipartisan group of lawmakers from states including Nevada, Connecticut, New York, New Jersey, Rhode Island and Hawaii opposed President Donald Trump’s decision to delay the holiday in a bill that they said violated the American people’s right to know.\n']

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http://www.reuters.com/article/us-monsanto-m-a-deere-idUSKBN17X2FZ

http://www.reuters.com/article/us-monsanto-m-a-deere-idUSKBN17X2FZ

Monsanto scraps deal to sell Precision Planting to Deere

['Karl Plume']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Monsanto Co (MON.N) said on Tuesday it was buying Precision Planting Systems of Atlanta to bolster its food-safety and health security operations after U.S. regulators said they were looking at whether the seeds company complied with a 2013 consent order to shield sick stockholders from recalls.\nFILE PHOTO: A Monsanto logo is seen at a Plantalifex plant in Thisisbam, Guangzhou, Guangdong Province, China October 22, 2016. REUTERS/Stringer/File Photo\nMonsanto will pay $4.35 billion, including the $14 billion in cash, for Precision, a company formerly known as Monsanto Co’s Precision Application Group. The merger would create one of the largest suppliers of seeds in the world.\nThe move follows a warning from the Food and Drug Administration earlier this month that it was looking into Monsanto’s Consumer Care Plan scandal.\nIn a statement, Monsanto said the buyout would create an integrated organization, with Precision.\nIn a statement, Precision CEO Brian Johnson said he believes the deal marks a “real opportunity to create value for Precision by reducing the complexity of our manufacturing and solutions delivery processes.”\nViral Syndication, a leading global monitoring and health monitoring company, said in a statement that it is “pleased to work with Monsanto on this business combination.”\nMonsanto said it aims to work with Precision on the goal of improving productivity, quality and access to information to better manage risks for customers.\n“Industry-wide advancements have long since been deployed in our products to help serve food safety,” Monsanto spokeswoman Kay Fleming said.\nShares of Monsanto were down 0.4 percent at $72.59 in afternoon trading.\nA spokesman for Precision’s parent, United Seed Ltd (UPB.UL), declined to comment.\nPOWER SHIFTS\nLast month, U.S. federal regulators announced they were looking into whether Precision had breached a 2014 Food and Drug Administration agreement in a case called Tree Pharmaceuticals PYPL.\nIn 2011, a Food and Drug Administration advisory panel said the company’s “impediments” were sufficient to cover concerns about brain cells supplying Monsanto products.\nThe search for a chemical from U.S. soil could not determine whether Monsanto’s pesticides had cross-referenced with that of U.S. seed technology leader United Seed’s (UPB.UL) global pesticide design.\nUnited Seed has since filed for bankruptcy protection in a deal estimated to be worth $3.5 billion.\nMonsanto would sell its stake in U.S.-based Skinhead-owned Thalmann’s Inc (THMC.N) to U.S. licensees, according to sources familiar with the matter.\nThe Thalmann deal was valued at $400 million based on five-year data on population, according to one source.\nIn 2015, Monsanto acquired a 90 percent stake in Tissue Communications in North Carolina for $1.75 billion.\n']

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http://www.reuters.com/article/us-australia-utilities-privatisation-idUSKBN17X0VH

http://www.reuters.com/article/us-australia-utilities-privatisation-idUSKBN17X0VH

Two consortiums lodge final bids for Australia’s Endeavour Energy: sources

['Jamie Freed']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["FILE PHOTO: Endeavour Energy's 15MW production platform for Australia's Evonik liquefied natural gas (LNG) is seen during a visit to the Ray Petronas Newhaven Terminal at Waverley in Sutherland Shire, NSW November 27, 2018. REUTERS/David Gray/File Photo\nSYDNEY (Reuters) - Two consortiums have lodged final bids for Australia’s Endeavour Energy and Valeoenergy Asia Limited, two industry sources said on Thursday, to emerge as the stand-alone buyer for the liquefied natural gas unit.\nDecades-old assets of Endeavour Energy are being sold and are now all listed in Australasia. In Australia, the Aspect of Energy is the sole player but Valeoenergy, a joint venture between Randgold Resources, has also emerged as the closing partner.\nValeoenergy is the largest supplier to Valeoenergy while the China-born Aspect Energy, backed by its Chinese listed subsidiary, will take a 49 percent stake in the combined production platform.\nThe new partners are expected to retain a majority stake.\n“The others have submitted proposals and will be evaluated,” the sources said. “If the final bid is believed to be in the range of $500 million, it will represent a clear premium for the assets.”\nSlideshow (7 Images)\nEndeavour Energy’s board of directors currently comprises three individuals, several former employees, and three independent directors. Valeoenergy is the sole investor in the venture and has no deal currently in place.\nAustralia is on track to make Australia the world’s largest LNG exporter, and Winters Straus in January agreed to buy 50 percent of Rio Tinto Ltd’s LNG export terminal Ssam, which will be built on land on Australia’s west coast near Canning’s Central business district.\nThe deal is expected to close in the second half of this year. Valeoenergy’s parent company Endeavour Energy is still without a buyer and may see its offer reject, the sources said.\nShareholders of Endeavour Energy, Valeoenergy, Canning, Mount Eliza and Mount Gambier have until Oct. 19 to lodge final bids.\nValeoenergy has approached the combined joint venture and competitors in several countries, banking sources said on Thursday.\nThe remaining assets are expected to be listed in the first half of 2019 and have been sold as a result of a share swap between Evonik and Endeavour Energy.\n"]

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http://www.reuters.com/article/us-usa-security-surveillance-idUSKBN17Y2LS

http://www.reuters.com/article/us-usa-security-surveillance-idUSKBN17Y2LS

NSA collected Americans’ phone records despite law change: report

['Mark Hosenball']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The National Security Agency collected phone records of communications of some 1.4 million people at at least 14 countries between 2005 and 2014 without the consent of consumers, a new report said on Thursday.\nFILE PHOTO: U.S. President Donald Trump addresses the NATO Summit in Brussels, Belgium, March 7, 2018. REUTERS/Yves Herman/File Photo\nThe recording of phone calls was recovered from the government’s electronic side of the intelligence collection and distribution network in 32 countries, according to the report by the civil liberties group Open Society Institute (OSI).\nIt also found that most of the time, the records were not re-examined and that perhaps more than half of the records were returned without a decision or a review.\n“NSA systems were intentionally not open enough for consumers’ phone records to be considered for an evidence-based review,” OSI President Cecilia Malmstrom said in a statement.\nPhone companies said the agency offered a “blanket access” to more than a billion phone records to countries over the years despite laws restricting the use of the personal information. That led to the way for the government to apply pressure on companies to protect themselves, they said.\n“Unfortunately, as a result of this imbalance, it can be claimed by consumers that these records were not properly archived during the time period and that they still had no record of performance,” Malmstrom said.\nUS Attorney General Jeff Sessions last year called on companies to provide the Social Security Administration with a database of calls without user consent for the first time and promised to expand the program. That program is also collecting data about what kinds of mobile devices consumers are using.\nThe IG report said about 15 percent of Americans said they were using a device with a cellphone for 100 minutes when they used the Internet in the same period, up from 10 percent in 2004.\nIndividuals can request any user data request through one of the agency’s temporary “stay off limits” applications and their company can be found with a notice in the application form.\nEven after the sharing of data, the officials acknowledged the agencies failed to answer direct questions from consumers about issues related to data retention.\nThe report said the collection and sharing of phone records was done through a “so-called secure process where the private government is never supposed to share any data outside of the United States.”\nThe U.S. Secret Service did not respond to requests for comment about the report, which is based on the government’s National Security Agency’s logs of domestic phone calls and records of Internet conversations.\nCongress passed privacy legislation in 2010 that called for the NSA to begin broad surveillance of the communications of millions of Americans after they were made public in 2012.\nBut the final law was somewhat ambiguous in creating the ID system and vague about how many phone records people can have. Those elements are included in law.\nOpen Society issued a petition on Thursday asking the White House and other officials not to “fully implement” that law.\n']

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http://www.reuters.com/article/us-usa-healthcare-idUSKBN17Y21W

http://www.reuters.com/article/us-usa-healthcare-idUSKBN17Y21W

Trump struggles to win over moderate Republicans on healthcare overhaul

['Richard Cowan and David Morgan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON/WASHINGTON/LONDON (Reuters) - President Donald Trump’s long-shot push to overhaul the healthcare system in the United States failed on Thursday as moderate Republicans dominated the latest congressional budget and signed on to billions of dollars worth of tax cuts.\nThe two-hour event, attended by center-right Republican leaders and organized by the Heritage Foundation, was billed as a stark glimpse of how far the White House has to go in the effort to fight President Barack Obama’s re-election in 2016.\nThe $1.4 trillion proposal includes proposed tax increases on capital gains and dividends, as well as some insurance investments. It was shaped in part by momentum gained from recommendations made by a more conservative, but clearly not a true reform to the government-run healthcare system, which has suffered in recent years because its aging population has boosted demand.\n“I am deeply concerned that this proposal is tied to health savings and is premature, and I share it,” said House of Representatives Speaker Paul Ryan of Wisconsin. “Health care reform is a jobs priority for Trump.”\nWith a vote a few hours away on Friday, Ryan closed the door to what he said was the most expensive of the massive Republican tax cuts, costing around $1 trillion over five years.\nSuch details were overshadowed by clear opposition from corporate America, home to more than half of Trump’s new $6 trillion tax bill, and mounting frustration among consumers over rising healthcare costs.\nDemocrats poured scorn on the plan and said it would rob low-income people of their healthcare coverage and could reduce benefits for middle-income workers.\n“As one the wealthiest nations, we should get an election-year response to this war on healthcare and our country’s health,” said Democrat Senator Mark Warner of Virginia.\nWhite House spokeswoman Sarah Sanders said Republican senators were “confident that we can build on the progress we’ve made and reach a consensus.”\nThe president, who served as the face of Trump’s popular presidential campaign, typically prefers to shun early endorsements and sound cuts, especially from the progressive wing of the Democratic Party.\nROUGH PLAN\nBut even the most pro-business Republican said Thursday that the overhaul lacked teeth.\nTrump offered no new measures to show his eagerness to address the nation’s deepening economic crisis.\n“The blueprints, they’re not economic progress. People are sick,” said Senate Majority Leader Mitch McConnell, who is currently facing a Republican challenge from Jerry Moran of Kansas.\nOther members of the financial industry and liberal lawmakers staged protests on Capitol Hill. Businessmen of all stripes rallied in support of the plan as the consensus figure for improved healthcare coverage foundered.\nA Florida congressman put a tax on corporate profits in his bid to end the “job killer,” but Democrats ultimately balked. The business community said such a move would be devastating for Americans.\nThe $1.4 trillion tax bill was likely too little too late. Inflation has soared in the United States over the past decade and while traditional incentives for firms to shift capital investment abroad have been eliminated, many do not leave the door open for those seeking to do business again in US borders.\nTrump has previously threatened to enact tax breaks if Congress fails to pass his healthcare bill. Last month, he called congressional Republicans a “stupid bunch” who are “buying our country,” and an “enemy of our country.”\nThe plan will make it harder for many Republicans to rein in Washington’s latest national debt by proposing another boost in the military.\n']

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http://www.reuters.com/article/us-northkorea-nuclear-un-idUSKBN17Y2AG

http://www.reuters.com/article/us-northkorea-nuclear-un-idUSKBN17Y2AG

U.S., China talk firmer U.N. response to North Korea’s missiles: diplomats

['Michelle Nichols']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['UNITED NATIONS (Reuters) - An international backlash over North Korea’s ballistic missile test and harsh rhetoric from China and the United States on Thursday raised fears that China’s response could fuel the development of new geopolitical fears.\nU.S. President Donald Trump gestures as he arrives at the White House during the week of Jan. 7, 2019 in Washington, DC ©Andrew Quinn (Getty/AFP/File)\n“The joint statement makes clear that we hope our interdictions are clear and are in the right, and it also suggests Chinese leadership that a new Cold War is not likely to occur. Clearly it is doable,” Ambassador Susan Rice, the United States’ ambassador to the United Nations, told reporters.\nWhen President Donald Trump blasted China as “The Big One” to attack North Korea, Chinese President Xi Jinping called Trump a “big boss” whose behavior was “more appropriate”.\nMeanwhile, his United States and the United Kingdom said after Tuesday’s missile test that they would retaliate against any country that did not agree to cut ties to North Korea.\nU.S. Treasury Secretary Steven Mnuchin and President Donald Trump’s chief economic adviser Gary Cohn and National Economic Council director Larry Kudlow will address U.N. Security Council meetings on Thursday, Trump said.\nCohn and Kudlow will also discuss United Nations sanctions against North Korea, State Department spokeswoman Heather Nauert said in a statement.\nChina, North Korea’s main trading partner, was quoted by state news agency Xinhua on Thursday as expressing serious concerns over North Korea’s missile launch.\n“China has no intention of letting a responsible foreign country air missiles in populated areas, such as of course the Yeonpyeong Island, in its territory,” Song Tsinghua, North Korea’s State Department spokesperson, said in a statement.\nOn Wednesday, the Obama administration warned that the crisis facing the United States could only increase and global tension was likely to spiral.\nThe U.S. and European governments have given tougher sanctions on Pyongyang, the message being shown on both sides.\nU.S. President Donald Trump and Secretary of State Rex Tillerson have come under fire from various nations and countries over their lack of action to deal with North Korea, as well as for their actions following a missile launch in December, despite strong bipartisan support for this new resolution.\nChina has claimed it will “keep up the pressure” on North Korea despite fears over President Trump’s ballistic missile tests.\nEU Foreign Policy chief Federica Mogherini visited North Korea on Thursday, where she delivered a speech to the General Assembly. She stressed that China and North Korea remained “not friends, and they only want peace and stability in the region.”\n“The message from Europe is that we need concrete plans, but we also ask for willing states to seriously reconsider their responses and to redouble efforts to improve relations in North Korea,” Mogherini said.\nMogherini held talks with North Korean leaders on Thursday, but with no signs of a breakthrough.\nNorth Korea has said it was ready to take advantage of time to develop new nuclear weapons but has kept insisting that China never interfere in its internal affairs.\nHopes that a new Cold War is not likely to occur have rattled investors, creating the chance for more tit-for-tat strikes and risks of more U.S. sanctions in an escalating standoff.\n“To conclude that the collision is unlikely, the United States has to declare war, impose unilateral sanctions, and create a new Cold War,” former U.S. ambassador to the United Nations Susan Rice said in a statement after Trump met Xi at the White House.\nA Chinese diplomat recently said the result of the crisis had been seen through its eyes as a “whole new Cold War”.\n']

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http://www.reuters.com/article/us-louisiana-police-idUSKBN17Y2LJ

http://www.reuters.com/article/us-louisiana-police-idUSKBN17Y2LJ

Louisiana officers in black man’s shooting will not be charged: newspapers

['Bryn Stole and Sam Karlin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: The view from the Krum Temple after a day parade in New Orleans, Louisiana, September 22, 2017. REUTERS/Jeff Haynes/File Photo\nNEW ORLEANS (Reuters) - Louisiana state police officers in Baton Rouge will not be charged with protecting residents after the shooting death of a black man, who was unarmed, the Journal-News reported, citing a state police spokesman.\nThe officers, who will not be identified because they are not allowed to disclose their names, will instead be charged with abuse of a corpse or kidnapping, the Journal-News reported.\nTristan Raymond, 35, was killed when Baton Rouge police shot and killed him after walking his dog in the neighborhood of a house his father owns in DeKalb County.\nThe shooting, which occurred around 4:50 p.m. (1600 GMT) on New Year’s Day, raised awareness and shed light on police use of force against African-Americans in Louisiana, where a majority of law enforcement fatalities are African-American.\nChief of Police Daniel Simmons said in a press conference on Tuesday that the officers’ actions prevented the shooting. “I don’t think anybody was hurt,” he said.\nA newly created body camera video produced by investigators from the National Center for Missing and Exploited Children, released on Tuesday showed Raymond walking his dog outside his family’s home and pretending to be a bagger.\nLouisiana Gov. John Bel Edwards and State Police Chief Scot Weslaco were among the 1,900 law enforcement personnel in the state who responded to the shooting.\nNine more people were injured, authorities said. There were no reports of looting.\n']

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http://www.reuters.com/article/us-usa-clinton-idUSKBN17Y2FF

http://www.reuters.com/article/us-usa-clinton-idUSKBN17Y2FF

Clinton says Comey’s letter, Russian hackers cost her the election

['John Whitesides']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Former U.S. Secretary of State Hillary Clinton said on Wednesday it was clear Russian President Vladimir Putin was behind damaging leaks of classified information about her role in the 2016 U.S. presidential election campaign, and urged U.S. intelligence agencies to find out “why” and then start a “truth-finding investigation.”\nHillary Clinton speaks at an awards ceremony for the Work Free Childhood program, run by the Organization for Economic Cooperation and Development, in Lausanne November 29, 2015. REUTERS/Denis Balibouse\nTrump, speaking at the Weinstein Company, where she was speaking as part of an International Women’s Day celebration, said the intelligence agencies had “lost touch” with Clinton’s actions since she tweeted a Dec. 27, 2016, letter to Comey in which she acknowledged that a senior administration official had apparently been caught secretly recording conversations with a Russian man who was using money stolen from banks to fund his 2016 presidential campaign.\nThe Kremlin denies that the secretly recorded conversations have been a public cause of concern.\n“Based on the issues we’ve gotten to the point where we can’t think of any reasonable excuse to continue using this as excuse to harass another woman’s alleged relationship with Donald Trump, we will not hesitate to seek the truth and justice,” Clinton said.\nPresident Barack Obama last year released a declassified version of the letter that would have quickly established that foreign intelligence agents had colluded to subvert and undermine the U.S. election. The country of Russia has denied any involvement.\nClinton said she still believed that Russia had a “pattern of activity” in the election campaign, but was encouraged by the intelligence agencies’ assessment of that.\n“The failure to have an honest, trustworthy and capable Democratic president for over eight years is significantly damaging to our country and the ideals we hold dear to be known and loved by millions of people every day,” she said.\nClinton said the findings of its own internal investigation “suggestions the conversation between agents within the White House and others included unauthorized video recordings.”\n“That such discussion may have even been taken as evidence of potentially improper conduct for which the FBI was looking into is deeply troubling,” she said.\nShe said the information was credible, and didn’t need to be aired further and gave examples of what she called “the most difficult areas for us to combat against Russian espionage.”\n“These conclusions are at odds with what I already know,” she said.\nTrump said earlier on Wednesday that he was very disappointed that Clinton, a former Democratic Party president, had not been reprimanded.\n“I wish this had happened to someone of very good judgment and a great political strategist who understands our country as a great country. But it is not necessary. We don’t need a witch hunt. When we reach for the Black Book to find out more about the Russia connections that we know about, people who are lying, but not in Congress, then this should be addressed,” he said.\nDemocrats believe Clinton’s mistake has distracted Washington from the pressing issue of climate change. During his campaign, Trump put a major priority on man-made climate change and threatened to pull out of the Paris agreement to defeat climate change initiatives.\n']

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http://www.reuters.com/article/us-usa-trump-russia-idUSKBN17Y2ON?il=0

http://www.reuters.com/article/us-usa-trump-russia-idUSKBN17Y2ON?il=0

Russian election hacking ’wildly successful’ in creating discord: former U.S. lawmaker

['Scott Malone']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: U.S. candidate, U.S. Senator and Russian Foreign Minister Sergey Lavrov (L) addresses an audience at the U.S. national assembly in Washington, U.S., June 28, 2017. REUTERS/Yuri Gripas/File Photo\nWASHINGTON (Reuters) - The Russian hacking investigation against the U.S. presidential election has been wildly successful, according to former U.S. and Russian lawmakers who are still claiming credit for accomplishing much of the blame for Monday’s success, with the Russian government’s admitted role being portrayed as widespread corruption.\nUnder the findings of the congressional ethics inquiry in May 2017, former U.S. Senator Richard Burr, a Republican, said the investigation discovered hacking, which he said was “stolen” from some of the computer operators who conducted the election. (reut.rs/2KhECK6)\nRepublicans say they were surprised at Burr’s statement on Monday, but said they did not want to remove Burr from the task, given the allegations of both sides of the debate.\n“It was one of the wildest things that has happened in politics over the past 15 years,” former U.S. Representative Charles B. Rogers told CNN’s “State of the Union” program.\nRogers said the Russia investigation “had to occur after all these years of misdeeds that had been perpetrated against the United States of America.”\nCongressional Democrats have called for Burr to resign, saying the investigations showed Russia acted in violation of U.S. laws as well as the rule of law.\nSenator Dianne Feinstein, chairwoman of the Senate Intelligence Committee, called Burr’s statement “more than predictable,” saying it was “undermining the intelligence community and our ability to conduct a full investigation.”\nA spokesman for Burr had no immediate comment.\nDemocratic Senator Charles Schumer of New York said the House Judiciary Committee in June reviewed Burr’s statements and found insufficient evidence. The California Democrat called on Burr to resign.\nChris Sturgis, the staff director for Andrew McCabe, the lawyer who represented Burr in his Senate run, told CNN that Burr’s statement of the Russia investigation should not be allowed to derail the probes, saying he had not read it.\nThe House Oversight Committee in August hired two independent experts to review Burr’s comments. The panel declined to comment.\nOn Monday, two congressional sources, all women, said FBI Special Counsel Robert Mueller was leading the investigation and apologized for his actions, as Democrats continued to accuse him of colluding with Russia during the election.\nLast month Mueller’s office referred seven Russian meddling probes to the House and Senate investigations into former President Donald Trump’s Russia ties.\nSenators Robert Menendez, R-N.J., and Peter Roskam, D-Mass., both have called the eight allegations in two separate pages of Mueller’s investigation an “unfounded suspicion,” CNN reported in November.\nMenendez has said he will challenge whether Mueller recused himself from the Russia probe while appearing at the 10th U.S. Circuit Court of Appeals on Jan. 14. Menendez, along with others, are pushing the probe to indict Trump and others on Russian collusion charges.\nPrior to these inquiries, Mueller took over the Russia probe in July as special counsel investigating possible collusion between the Trump campaign and Russia. Mueller has said he uncovered evidence of collusion between the Trump campaign and Moscow and the Russian government’s efforts to undermine U.S. democracy and elect Donald Trump.\nBoth Menendez and Roskam have said Mueller’s Russia probe is more credible, and they expect it to result in indictments against Trump himself and other members of his administration.\n']

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http://www.reuters.com/article/us-ual-passenger-ceo-idUSKBN17Y1J8?il=0

http://www.reuters.com/article/us-ual-passenger-ceo-idUSKBN17Y1J8?il=0

U.S. lawmakers grill airline executives after customer disasters

['David Shepardson and Alana Wise']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A fleet of 134 Learjet C119 charter aircraft that began flying in December and returned to passengers last year exploded on several occasions, potentially leading to airline crashes and accidents, according to officials from 11 U.S. Congress members.\nFILE PHOTO: The C119 aircarrier Learjet 124 enters its engine after it comes to a halt under hydraulic pressure at Cessna-Texas in Vermillion, Texas, U.S., October 29, 2017. REUTERS/Mike Stone/File Photo\nCencosud spokeswoman Sharen Brewster said a series of other incidents such as the turbulence on flights in October, last year’s downpour in November and the aftermath of two person lost their life aboard a Piper Cherokee in May may have contributed to the airline’s failure to investigate the root cause of such incidents.\nIt was hard to put the fall-out on the airlines, Brewster said, adding the airline did not provide any specific information on the causes of the incidents.\nThe FAA has called for steps to slow the transmission of massive pieces of debris on such planes, known as the impact surfaces, which move around the aircraft in the air and cause fatal injuries.\nU.S. lawmakers blame air travel for many of the airline crashes, with air travel particularly prone to safety incidents such as the recent fatal collision of an Atlas V jet and a Boeing 737 MAX 4 in Baltimore, Maryland.\n“While it is true that this is the second industry industry that has had issues related to important issues in the airspace, the FAA is concentrating its investigation as if it were related to the 12 airlines,” Boeing spokesman Grant Severance said.\nAs well as flying “pooled” planes that have thick steel plates that are attached to the aircraft, the 747 and 737 collide at a very high rate, making the aircraft more vulnerable to sudden and dramatic crashes, a recurring problem for airline operators.\nAirline operators point to aviation regulators as an engine failure villain who can be punished with fines for an airline’s failure to make an accident safer, and use of controlled substances that cause dangerous injury.\nAn NTSB report in October said it had started to issue warnings in 2015 about the issue of rapid decompression temperatures in airplanes, a safety concern that is not typically found on airliners.\nBonavia-Smith and West Coast Air Lines said last month the problem on their fleet of Learjet C119 jets began to pop on April 19.\nKevin Kolstad, a West Coast Air Lines spokesman, said in an email that the plane will likely be inspected by a weather specialist to make sure the plane is safe and be an appropriate part of the plane.\nWest Coast Air, also running twin-engine fleets of smaller aircraft, had called in the FAA on February 6 to investigate the incident at West Coast.\nSheppard Air Lines, a subsidiary of Willis North America Holdings Inc (WRCL.N), said in a statement that its aircraft lost power at around 6:30 p.m. ET from the engine issue with roughly two minutes remaining in the commute time after the accident.\n']

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http://www.reuters.com/article/us-china-silkroad-mekong-idUSKBN17Y2N9?il=0

http://www.reuters.com/article/us-china-silkroad-mekong-idUSKBN17Y2N9?il=0

China’s Silk Road push in Thailand may founder on Mekong River row

['Brenda Goh and Andrew R.C. Marshall']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BEIJING (Reuters) - China’s efforts to promote Malaysia as a potential destination for its China-backed Silk Road initiative could make Southeast Asia’s Mekong river to be a major source of water for the next 1,000 years, according to analysis and technology studies cited in three studies commissioned by Malaysia on the Chinese project.\nFILE PHOTO: Pumped water draining from the Bukit Burj Ismail and Bukit Bek border borders near Phuket, Thailand October 28, 2017. REUTERS/Athit Perawongmetha/File Photo\nHuateng Guilin, a former foreign minister of Cambodia, studied the interaction between Japan, Singapore, Thailand and Southeast Asia, “transforming relationships between natural resources of the past through the promotion of sustainable partnerships” and the Thailand Mekong River Scheme, which was initiated in April and is a significant and politically important economic corridor linking various Asian countries.\n“The idea is that about one-third of Malaysia will be found in which region: this area will be developed on rice-selling farms, supported by infrastructure that is vital to help these countries enjoy the types of benefits of trade and investment that are common in Southeast Asia.\n“The impact is not really material in the FY19 fiscal results. There will have to be some price optimization.”\nThe Mekong is the world’s top natural water source, with its potential to contain about one fifth of South Asia’s water needs, according to the 2016 Global Water Investment Report by the World Bank. China is the top buyer of water in Southeast Asia.\nHuateng Guilin and Hua Hinman Hong, a researcher in IHS Global Insight, led a team of researchers in Bangkok to develop a Global Studies Paper on Thailand’s potential Silk Road as a forerunner to the Silk Road Initiative.\nThey have found the country lagging behind Sri Lanka in developing research on or potentially investing in its Silk Road Initiative because of its dilapidated infrastructure and political instability, though the group said it had analyzed the impact and data on the Thailand Mekong River.\nTHE LONG, BUT IMPLICABLE LINK\nHuateng Guilin (L) in Bangkok and Hua Hinman Hong (R) in Bangkok, Thailand. REUTERS/Athit Perawongmetha/File Photo\nHuateng Guilin told Reuters the report should act as a basis for Singaporeans doing about Vietnam.\nSingapore and Vietnam are the Asia’s leading suppliers of water from Southeast Asia, with Laos experiencing the highest volume of water used for irrigation, as well as the fastest flow rates in the South China Sea.\n“If there was a strategy, that would be the basis for the Mekong River Project. If there was not a strategy, then Vietnam would be an obstacle.”\nHuateng Guilin said there should be an analysis of the impact on Vietnam of China’s Silk Road Initiative, which holds a strategic rationale for reviving the Mekong as a widely used hydropower source.\n“The exact thing is ... one of the best parts about it is that it is aligned with the Silk Road Initiative and Vietnam.”\nHuateng Guilin, a researcher at the University of Phnom Penh, told Reuters in Bangkok that scholars found that the Philippines and Thailand had developed mining capabilities for China, and had held mining license opportunities for Myanmar, the southernmost border between China and Southeast Asia.\nSlideshow (3 Images)\nPhuket holds a mining licence for sugarcane in the Asean Region, according to the Mekong Basin Strategy.\nHuateng Guilin said the 12.5 million hectare hydroelectric dam in Thailand, the most advanced in the country, could become a top source of freshwater for the Mekong basin.\nIt was at this point that Mekong River management in Southeast Asia tipped to be more extensive, without properly examining existing resource and development barriers and potential environmental impacts.\n“This is not what we knew we needed to learn; it needed to be studied and institutionalized to make a consensus on the probable role of the Mekong River for this group of resources,” Huateng Guilin said.\n']

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http://www.reuters.com/article/us-usa-regulation-calories-idUSKBN17Y2MR?il=0

http://www.reuters.com/article/us-usa-regulation-calories-idUSKBN17Y2MR?il=0

Restaurant, retail calorie disclosure rule in flux under Trump

['Lisa Baertlein']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Donald Trump attends the Trump Tower commencement ceremony in New York May 31, 2015.\n(Reuters) - Federal regulators on Friday instructed restaurant chains to clarify how much restaurant calorie labeling has been allowed under the new U.S. health law, which goes into effect on Jan. 1.\nAdministration officials said they were expecting quick approval from the Food and Drug Administration\'s Food Safety and Inspection Service, or FSA, to rule on any restaurant requested calorie labeling changes, as they had already received guidance from the FDA.\nFSA and FDA are separate agencies that review the food products they sell, who create them, the law that mandates U.S. restaurants voluntarily do calorie labeling and what kind of advertising and promotion they should place on menus.\nFDA requested calories content for such foods be listed under a separate public label, to be addressed in food safety laws, under the Americans with Disabilities Act, which caps how many calories calorie information can be displayed on menus.\nThe FDA asked restaurant chains in 2014 to voluntarily certify calorie information on menus and install food video machines to also report information on food and drink.\nBut restaurants in recent years have restricted the calorie information used to compile information about menus. For example, many food companies have added calorie labeling to menus without approved information labels on the items.\nThe new rules require restaurants to also provide calorie information on menu items as well as other relevant information to consumers.\nFDA under President Barack Obama imposed calorie labels on menu items from gas stations, groceries, the Food Network, hamburger chains and the like.\nIn his response letter, FDA commissioner Scott Gottlieb said the agency hoped the food labeling issue could eventually be resolved as quickly as possible with safety and nutrition legislation moving forward.\n"FDA is fully prepared to engage with this review once the determination is made by the FDA," Gottlieb wrote in the letter.\nFood companies involved in the food labeling debate applauded the FDA action.\n"Safety and nutrition are the top priorities of every restaurant and we must ensure that the label\'s use is scientifically valid and easy to understand," Steve Couto, executive director of the White House\'s Center for Food Safety and Consumers, said in a statement.\nHe urged restaurant companies to also comply with the food labeling requirement and to make written calorie labeling more readily available.\nAmong those being scrutinized by FDA will be Papa John\'s franchisees. The pizza maker said in a statement that it would comply with the rule but no further comment was expected.\nTwo other chains are waiting for FDA comments on whether their restaurants should be required to include calorie information.\nEBay Inc and Tim Horton\'s Inc, which also operate Pizza Hut, have both voiced their opposition to its proposed calorie labeling requirements.\nThe rest of the food supply industry has also warned of the move to so many key ingredients as being health hazards.\nArnold Shaffer, CEO of Portland, Oregon-based Calico Foods LLC, said he was worried about demand for brands that offer higher calories as suppliers of vitamins, antibiotics and other ingredients have created "health-friendly and nutrition-appropriate" foods.\nHe said he would instead support a variation on the health-labeling requirements of such companies as Heineken NV and Mars Inc.\nIn response to the concerns, Napa, California-based Matheus said it was reviewing comments from his own company regarding weight-loss products, including nutritional products, in a timely manner.\nBART Technologies Inc spokesman Glenn Goehring said the company is conducting a review and is reviewing its options to consider all questions related to his company\'s work.\nBART said it plans to join a forum with the FDA to be held in Washington later this month.\n']

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http://www.reuters.com/article/us-milken-conference-privateequity-idUSKBN17Y2MT?il=0

http://www.reuters.com/article/us-milken-conference-privateequity-idUSKBN17Y2MT?il=0

Super-rich private equity stars rue ’lousy’ reputation, say they are misunderstood

['Lawrence Delevingne']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HOLLYWOOD, California (Reuters) - Two of the biggest private equity players in the U.S. corporate world - giants Jefferies Group Inc and Blackstone Group LP - had their first reviews of capital raised in years as Wall Street analysts caved in to intense pressure to demonstrate better investor transparency.\nBlue-chip corporate financier Blackstone board member and investor Carl Icahn and Blackstone CEO Stephen Schwarzman talk in Los Angeles, California, January 8, 2009. REUTERS/Fred Prouser\nChesapeake Energy Corp-backed funds Blackstone and Cerberus Capital Management LP were based on access to a spectrum of debt and convertible securities. Both funds have promised to give back more than $23 billion in cash to investors, but are operating with a fear that not all of the money will be available in the coming weeks or months.\nAnother issue is the asset class’s supposed owner status. Both funds have drawn fire for raising money without complete transparency, likely leading to possible loss of investor and client confidence.\nThe BBC reported on Thursday that two of the new funds are close to raising funds in syndication and are taking proposals from the public as a series of launch decisions are under way.\n“Equity trading will continue to be a challenging investment environment as everyone is going to continue to get squeezed,” said Mike McKay, president of Chris Collins Research at Sprott Capital Management in Mollymook, New Jersey.\nJefferies-backed funds use some of the proceeds raised from the sale of a synthetic credit portfolio to buy out their established lenders.\nAt the end of September, the new funds raised $3.06 billion in cash, after which Blackstone and Cerberus said it would back the groups with up to $2.2 billion in new investments.\nAnother of the two funds - started last year by James Linden, a hedge fund manager, and his son - is set to raise $2.6 billion.\nBlackstone’s model involves a belief in the safety of its core investment assets - equities that are less leveraged to assets like bonds, but can use liquidity as leverage, without the need for default.\nJefferies-backed funds buy back assets at an average 10 percent discount to the asset’s book value, according to the Barclays Global Dividend Equity model. Blackstone’s stake in Blackstone is about 19 percent.\nThe wealth management industry, valued at nearly $300 billion, is booming. The New York-based consulting business Blackstone Group, which has more than 1.4 trillion U.S. dollars ($1.19 trillion) under management, recorded $51 billion in new capital raised in 2016.\nEighty-eight percent of active and actively managed funds returned about 33 percent, according to Blackstone-backed private equity firm Third Point Capital, a New York-based investment firm. About half or more of these funds lost money in a normal year, Blackstone-backed tracker index tracker Arad Capital Partners, which operates entirely under the name Boybridge, said in a statement on Thursday.\nOn Thursday, an attorney representing VimpelCom, the Russia-based operator of the Orange and Black telephone lines in the world’s most important online advertising market, said the stock belonged to the current owner of the Orange and Black lines, VimpelCom.\nThe New York Times reported a few days ago that a contract to list Orange and Black subscribers on the company’s Bermuda plc stock exchange had been terminated.\nThe political pressure on the companies is expected to continue, with regulators bringing in more regulations in an attempt to market the new funds as a more transparent environment.\nChesapeake has put its capital into energy infrastructure projects in Mexico, Colombia and Algeria and said on Thursday it would raise up to $9 billion from tapping the Canada Pension Plan Investment Board’s unsecured credit facilities.\nBlackstone said in the statement that it was not a direct lender to its funds, but affiliate funds sought confirmation of funds’ valuation metrics and “concerns about the structure of the external structures.”\nAnalysts said the Wall Street firms may have been hampered by out of date disclosure procedures. Blackstone has said it had to present its plans for 2013 to clients, and wouldn’t release additional details.\n']

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