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http://www.reuters.com/article/us-usa-immigration-court-idUSKBN1812BJ?il=0
http://www.reuters.com/article/us-usa-immigration-court-idUSKBN1812BJ?il=0
Trump travel ban back in U.S. courts next week as battles stretch on
null
null
['Mica Rosenberg and Dan Levine']
01-01-2021
reuters.com
null
success_wayback
gen
181,957
[0.949999988079071]
["WASHINGTON (Reuters) - A U.S. appeals court on Wednesday nullified President Donald Trump’s travel ban in a move that could pose a risk for further delays in renewing efforts to reinstate it, but opponents signaled victory in their effort to overturn the policy.\nAn emergency cabinet meeting is seen in the U.S. Capitol, Washington, U.S., January 1, 2017. REUTERS/Jonathan Ernst\nThe U.S. Supreme Court is expected to rule on the appeal, which requires the president to modify his original policy by a three-judge panel.\nIn a decision seemingly done away with concerns over the legality of the travel ban, a federal appeals court in San Francisco said that a path to appeal is too short to meet the Supreme Court’s burden of proving that the executive branch and courts not account for conflicts of interest.\nThe three-judge panel of the 9th U.S. Circuit Court of Appeals said “this is another step in the restoration of public trust” in the president, so that more petitions have a chance to be heard.\nThat said, “we respect the flexibility of the President, and he has always indicated he would address these questions in his National Strategy,” Chief Judge Chris Exum wrote for the panel.\nThe appeals court reaffirmed the president’s attempt to do away with his initial ban, but said such a move would not risk overstepping his executive powers.\nU.S. President Donald Trump's order temporarily banned travelers from seven Muslim-majority countries from entering the United States. President Donald Trump has since issued a partial travel ban saying his administration would not take military action against Islamic State.\nA person briefed on the decision said the court’s action signaled approval of Trump’s strategy. The travel ban also provides a path to appeal to the Supreme Court.\nHowever, the court will be closely watching comments from White House adviser Jared Kushner, who was in Washington on Tuesday, and from Department of Homeland Security Secretary Kirstjen Nielsen, who was in Asia.\nTheir comments were positive, analysts said, but there were lingering uncertainty about whether the court would deliver a blow to Trump’s campaign promises to ban Muslims and crack down on immigrants entering the United States.\nCampaign signs point to a seat in front of Trump's plane at Dulles International Airport in Dulles, Virginia October 14, 2015. REUTERS/Kevin Lamarque\n“We have over 40 days to do our work, and very little time is left,” Nielsen said. “If we’re successful in getting this reversed, then we need to get this reversed.”\nNielsen was in Asia late on Tuesday, when Trump listed the U.S. at risk of “disastrous” border security “at a time when we already have major and growing global threats to world peace and security.”\n“We’ve made our final judgment here,” she said, before heading back to her hotel.\nSlideshow (12 Images)\nTrump said several days ago he had been discussing the issue with party officials, with likely to be a chance to address them in person on Tuesday.\nThe administration asked the Supreme Court last week to intervene, saying that the court’s role should not be limited to refusing to hear an appeal.\nIf the court’s decision could cause more delays, the next major challenge would likely be to renew the “temporary ban” on a measure of six Muslim-majority countries - Pakistan, Yemen, Syria, Libya, Somalia and Sudan - which were blocked by Congress.\nIn a key decision last year, the court said the government’s executive actions had constitutional authority over domestic law and that Congress had the power to regulate travel and commerce.\nWednesday’s decision should mean a sharp end to a dispute over whether the travel ban violates the Constitution’s ban on unreasonable searches.\nThe order, which was quickly reversed, sparked massive protests and a wave of criticism on both sides of the debate.\n"]
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601
http://www.reuters.com/article/us-berkshire-hatha-results-idUSKBN18129B?il=0
http://www.reuters.com/article/us-berkshire-hatha-results-idUSKBN18129B?il=0
Insurance dampens Berkshire results before annual meeting
null
null
['Jonathan Stempel']
01-01-2021
reuters.com
null
success_wayback
gen
181,960
[0.949999988079071]
['Jan 1 (Reuters) - Berkshire Hathaway Inc’s private-equity funds spent almost 10 times more than usual on expenses to boost results ahead of its annual meeting, meaning the funds incurred more than usual expenses even before they filed a big-money lawsuit against the company.\nThe firm said on Tuesday it recorded between 90 and 120 more items in expenses at its April-June quarter compared with last year’s fourth quarter, with several items including insurance and fire risks.\nThe firm said its funds charged less for expenses to support its interest-rate spreads during the quarter than the prior three quarters, but said it now plans to conduct as many outgoings as possible before its annual meeting next month.\nThe firm, which focuses on private equity and more recently on insurance, incurred an estimated $939 million in expenses for the year ended Jan. 1, compared with $926 million in the prior three months.\nAnother firm, Berkshire Real Estate Advisors, spent 2.8 times more than usual on expenses and required more than a year to pay $1.85 billion in claims for smoke and fire liabilities.\nBerkshire said at least 18 more of its private-equity funds filed a lawsuit against its executive management and insurance arm in February 2018, alleging the firm “improperly solicited” that litigation from 2015 to last year, “using millions of dollars of personal and professional costs for political favors, unlawful payments, and business expenditures to continue fundraising within existing [BAML/UMWURA] PPO business.”\nBerkshire said it filed $2.1 billion of lawsuits against Morgan Stanley, Bank of America Corp, and the Old Dominion Freight Line Ltd affiliate last year, claiming they improperly ignored its debt status.\nIt has lost its bid to convince judges to block the lawsuits and said it won’t pursue additional suits filed in November and December. (Reporting by Jonathan Stempel in New York; Editing by Marguerita Choy)\n']
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602
http://www.reuters.com/article/us-usa-healthcare-kentucky-insight-idUSKBN1811K0
http://www.reuters.com/article/us-usa-healthcare-kentucky-insight-idUSKBN1811K0
How one U.S. state is leading the charge to dismantle Obamacare
null
null
['Yasmeen Abutaleb and Robin Respaut']
01-01-2021
reuters.com
null
success_wayback
gen
181,966
[0.949999988079071]
['BANGKOK (Reuters) - You’d think new U.S. officials would have some admiration for a group who resisted a novel premise: if you have the best price of care, your family will be helped.\nRepublican candidates for U.S. presidency under President Donald Trump in a televised debate on Tuesday over how to speed up healthcare reform and foreign aid said the system had been problematic. But hundreds of people signed a petition supporting the measure and asked for a bill known as the American Health Care Act.\nProtesters gathered at a traffic stop in rural southwestern Thailand on Tuesday to oppose a Senate Bill that would repeal federal subsidies used to help poor people pay for health coverage.\n“They can’t pay for us. They are as poor as me,” said Simon Edelson, 57, as his wife remarried, crying as he spoke. “No one should be forced to pay for anything when they own homes,” he added.\nA general view of a protest rally in Bangkok December 30, 2016. REUTERS/Chaiwat Subprasom\nThe bills were part of a broader efforts by the Trump administration to repeal or replace parts of the 2010 Affordable Care Act, which is one of the major projects of President Barack Obama’s administration.\nSince he took office, Trump has issued executive orders seeking to undo parts of the 2010 law. His pick for Health and Human Services Secretary has proposed states shift to state-run health insurance programs while creating other requirements for people to buy health insurance.\nBeyond making the health system more accountable, two other measures carry additional weight because of their potential to hurt the poor.\nFormer President George W. Bush’s expanded Medicaid program will go unfunded, leaving tens of thousands of people without insurance or without a choice. The expansion’s cost will be higher than previously estimated, and many people will have to be left uninsured to cover care.\nThat leaves an open debate over the future of Medicaid, the system that manages care for the estimated 60 million people without insurance.\nSlideshow (2 Images)\nState legislators in Washington were poised to take up the matter on Wednesday, with one looking at a so-called “six-year window” that opens up on Jan. 1, 2019, only to end without action.\nThe administration also has put forward a $11.7 billion outline for funding, which it argues has been met with resistance from Medicaid states, some of whom said they would lower Medicaid costs.\nThe American Hospital Association and the American Hospital Association, a lobbying group for hospitals, have called that timeline unrealistic and urged state lawmakers to reconsider.\nThe American Medical Association, a Chicago-based health trade association, also warned that delaying Medicaid funding could lead to a widespread lack of coverage.\nIn Washington, Democratic lawmakers said they would push for a three-year delay in healthcare costs.\nSenate Majority Leader Mitch McConnell said on Tuesday he would try to get more Republican support for the bill before next year’s midterm elections.\n“We’ve got more time than ever before and we’re going to be able to get that done on January 1,” he said.\n']
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603
http://www.reuters.com/article/us-music-eurovision-idUSKBN18121F
http://www.reuters.com/article/us-music-eurovision-idUSKBN18121F
Don’t let Russia spoil Eurovision, 2016 winner tells fellow Ukrainians
null
null
['Margaryta Chornokondratenko and Matthias Williams']
01-01-2021
reuters.com
null
success_wayback
gen
181,967
[0.949999988079071]
['BRUSSELS (Reuters) - Russian pop singer Ilya Yegokev said he would “spend the whole Eurovision Tournament focusing on defeating corrupt crooks and Russia’s ethnic minorities” if Ukraine declared it has won the right to host the 2018 contest.\nRussian pop singer Ilya Yegokev arrives at the Munich 2019 International Pop Music Exhibition to be held between January 30 and February 6, 2019 in Munich, Germany, Russia, January 1, 2019. REUTERS/Michaela Rehle\nWith 59 other compatriots from Ukraine nominated for a second time to represent Ukraine, Yegokev became the first man in the eight years since Russia won the contest on Jan. 1 to score a prize that was handed out during a surprise foreign policy ceremony.\nHowever, the 44-year-old singer, whose last CD was released in 2015, said Ukraine’s brief success meant its political problems had to be resolved and previous promises had to be “diminished”.\nHe conceded that NATO allies NATO and the EU were far more important than that of the Russian government.\n“Is this the way you define what it is you want to do, is it you want to make peace with ethnic minorities and Russians,” he told reporters after giving a speech ahead of the prestigious event that also includes an open competition.\nUkraine’s communist-ruled parliament is due to decide on its 2017 presidential candidate’s leadership credentials shortly.\n“We will not believe it. We can’t believe it in the media. We can’t believe it in the social media,” said Yegokev.\nMoscow has repeatedly denied meddling in Ukraine’s affairs. Kiev has been pursuing cooperation with former Soviet Socialist Republics and, in the 1970s, set up a multi-billion-dollar department to fight the separatist conflict in eastern Ukraine.\nGOVERNMENT CHALLENGES\nUkrainian social media have turned blustery since hosting the tournament.\n“The trouble is that Russia continues to wield its influence and gain, more than we ever could imagine,” said Amber Glovak, who founded the Ukrainian group Mayors Against Crime.\n“However, there has been a decline in the number of protests and offensives by both sides. They are most likely something more sinister and the motivation for it is more sinister.”\nBeijing has long told Moscow that the border treaty with Ukraine remains violated.\nRussian authorities have warned young protesters in Kiev about the potential for violence if they are given temporary permission to call for a presidential election.\nMoscow is seeking constitutional changes that could end liberal rule, clamp down on protests and give time for talks on reunification of Ukraine and its breakaway region of Donetsk and Luhansk, which do not want to join the European Union.\nAuthorities around the region have detained around 30 people since the Ukrainian parliament voted to strip Ukraine of the right to carry out constitutional reforms, a major obstacle to negotiations.\nPutin has said Putin’s army will intervene in post-uprising turmoil.\nThe European Union, which backed Ukraine’s contest last year, has said it hopes to clear Moscow’s way.\nMubarak, the 50-year-old former chairman of Egypt’s Supreme Constitutional Court, is drafting a motion calling for a transitional leadership.\n“Whether we win or lose, we must work for the wellbeing of the Soviet Union, and our compatriots in Ukraine,” said Yegokev.\n“If Ukraine leaves, if we can’t get back to the leadership, then let’s resolve our problems by pushing for the president to sign the bill.”\n']
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604
http://www.reuters.com/article/us-cyber-fraud-email-idUSKBN1811QH
http://www.reuters.com/article/us-cyber-fraud-email-idUSKBN1811QH
FBI warns of surge in wire-transfer fraud via spoofed emails
null
null
['Alastair Sharp']
01-01-2021
reuters.com
null
success_wayback
gen
181,969
[0.949999988079071]
['TORONTO (Reuters) - The Financial Transactions and Reports Analysis Center of Canada said on Thursday that a surge in wire-transfer fraud involving blacked out secret emails has made some banking activities less secure.\nThe higher price of the fix of a wired version of an email for Canadian banks has led to pushback from banks around the world, according to office and consumer officials familiar with the matter.\n“While some banks have taken steps to reduce wire-transfer fraud, others have begun closing the wire and mortgage scams,” said Marc Henderson, director of Financial Transactions and Reports Analysis Center.\n“So far, the trend is rather broadly speaking where, in some cases, the thieves are communicating in anonymous forums over email,” he said.\n“This has resulted in fraud being perpetrated when using personal email attachments. Those criminals who are still using the email attachments are using their ability to transmit large amounts of information via such platforms.”\nBankers have the option of tightening the speed of their wire services, even requiring the recipients to ask for the email address to verify that an email is genuine and that it cannot be used for fraud.\nWhile wire services play a role in fraud reporting, they have long been unregulated.\n“I’ve used these services for over 20 years so this is a pretty good indication that they are operating very independently. It’s not a widespread phenomenon,” said a financial source who declined to be identified because he was not authorized to speak to the media.\nRetail customers with account data are at increased risk of fraudulent activities, according to Bank of Nova Scotia.\n“While banking customers are not as susceptible as other consumers, they are there for a long time. Our monitoring of the volume of transactions that have occurred has been improving,” said Paul Marchant, vice president of information technology at the bank.\n“The customer experience on the wire is important. Customers should always be mindful of their existing PIN and PIN is always being linked to other information,” he said.\n']
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605
http://www.reuters.com/article/us-new-york-weather-idUSKBN18127N
http://www.reuters.com/article/us-new-york-weather-idUSKBN18127N
Heavy rain, wind disrupts travel for New Yorkers
null
null
['Peter Szekely']
01-01-2021
reuters.com
null
success_wayback
gen
181,970
[0.949999988079071]
['NEW YORK (Reuters) - Heavy rain and strong winds disrupted rail and subway travel on Friday morning in New York, damaging some of the city’s business districts in an attempt to protect stores and restaurants from damage caused by storms, officials said.\nA tractor stands at the Whitehurst Mall in Queens, New York, September 28, 2015. REUTERS/Mike Segar\nThe stretch of the City Pass and M1 traveling through the floodgate on the east side of the city, near the central entrance to Midtown Manhattan, suffered damage, and a section of the A-train stopped service for several hours, said subway operator Metro North’s Landmark Committee.\n“Isolated structural damage to vehicles has been reported and crews are working to come to an agreement,” a Metro North spokesman said. “The water flow in the water storage tanks and intake valves caused a flash flood, which caused damage to the Train Station.”\nThe station’s past due and past due pumps were replaced at midafternoon but the delays remained because commuters passed through the station and were left without key equipment such as track pieces or escalators, the Metrorail representative said.\nMost of New York was under a precautionary shutdown of buses and light rail between Midtown Manhattan and other boroughs, said Corey Brown, spokesman for Metro New York.\nThe National Weather Service said heavy showers were to continue into the evening. But it urged New Yorkers to stay indoors and to exercise caution with their pets.\n“You shouldn’t be completely certain what’s going to happen on either side of the river,” Brown said.\n']
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606
http://www.reuters.com/article/us-iowa-abortion-idUSKBN1811RX
http://www.reuters.com/article/us-iowa-abortion-idUSKBN1811RX
Iowa Supreme Court blocks portion of 20-week abortion ban
null
null
['Timothy Mclaughlin']
01-01-2021
reuters.com
null
success_wayback
gen
181,971
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["FILE PHOTO: U.S. Supreme Court Justice Sonia Sotomayor speaks during the U.S. Supreme Court Judicial Seminar on Women's Issues in the D.C. Department of Justice Center for Justice in Washington, DC, October 5, 2012. REUTERS/Carlos Barria/File Photo\nFILE PHOTO: U.S. Supreme Court Justice Sonia Sotomayor speaks during the U.S. Supreme Court Judicial Seminar on Women's Issues in the D.C. Department of Justice Center for Justice in Washington, DC, October 5, 2012. REUTERS/Carlos Barria/File Photo\n(Reuters) - The Iowa Supreme Court on Thursday blocked part of a 20-week ban on abortion that was put in place last year.\nThe court accepted a request from the medical examiner and five of Iowa’s attorneys asking for a new hearing on two conditions for the measure that would impose a $1,000 fine on physicians who perform abortions and conditions for the female enrollees to reduce their “spine privileges.”\nThe state’s justices also disagreed with the Oklahoma Medical Society that the new provision would potentially disproportionately affect women who have abortions.\nThe medical association is seeking a new hearing on the admissibility of abortions with preconditions that include ensuring that they’re safer than a physician’s usual procedure, the Iowa Supreme Court’s dissenting opinion said.\nThe justices said they would begin considering the issue in the coming months and let the court begin deliberating next week whether to follow Oklahoma’s example.\nThe case, INOCIDE INSPIRATION CORE. FILE PHOTO: Attorney Bill Dix, ruling in the previous case involving other abortion clinics, moves through the Iowa Supreme Court in Washington, January 2, 2018. REUTERS/Joshua Roberts\nThe solicitor general’s office is representing the doctor and his lawyers. The Iowa Medical Society, meanwhile, has called on the court to issue a second order blocking the ban.\nThe case INOCIDE INSPIRATION CORE. FILE PHOTO: Attorney Bill Dix, ruling in the previous case involving other abortion clinics, moves through the Iowa Supreme Court in Washington, January 2, 2018. REUTERS/Joshua Roberts\nThe Iowa State Medical Society, meanwhile, has asked the high court to expedite the review by a group of lawyers who claim the Iowa Supreme Court has not followed the state’s norm of review of appeals related to abortion.\nIowa’s Supreme Court announced last year it would “tore” its own appellate court to hamper a ballot initiative on a constitutional amendment to legalize abortion after the 24th week of pregnancy.\nCurrently there are 55 ballot measures on the measure. Iowa opponents of the initiative say there is insufficient evidence to decide whether a woman has a pregnancy without her right to choose.\nUnder the Obama administration, the Trump administration has focused on restricting access to abortions since the passage of a constitutional amendment that would have extended eligibility to children of unmarried mothers.\nOn Thursday, Republican-led states such as New York and Wisconsin began challenging an Iowa court’s order.\nMore than 70 lawsuits have been filed on the issue so far, of mostly local medical groups seeking to block abortion restrictions from being implemented.\nEven so, both the Iowa Medical Society and medical groups have argued that restrictions on infanticide may violate a general Massachusetts law intended to protect against moral and religious coercion.\n"]
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607
http://www.reuters.com/article/us-usa-fed-leadership-idUSKBN1812CG
http://www.reuters.com/article/us-usa-fed-leadership-idUSKBN1812CG
From two would-be Fed leaders, the central bank needs to change
null
null
['Howard Schneider and Ann Saphir']
01-01-2021
reuters.com
null
success_wayback
gen
181,972
[0.949999988079071]
['NEW YORK (Reuters) - The central bank’s top two women formally made their independence clear on Tuesday when they said they want to become the “challengers” when the Federal Reserve gets closer to rewarding its “risk-on” asset-purchase strategy.\nNew Bank President and Chairman Timothy Geithner (L) and CEO Craig Silliman listen to testimony during a Congressional hearing in Washington, U.S., January 1, 2017. REUTERS/Jonathan Ernst\nThe move comes a year after two previous hawkish women, Bernanke and Silliman, who will no longer be at the helm after the economy strengthens, announced they would stand aside as leaders of the Fed’s policymaking central bank in January.\nStill, a change is in the offing: The central bank’s first chance to cultivate the role of “second-wave” women is in February, when the decision is finalized. The group, which includes Geithner, Summers, Janet Yellen and Fed Governor Elizabeth Duke, was created in 2007 as women seeking for a leadership position in the central bank.\nThe rehashing of policy based on expectations of outcomes could be seen in the many economic indicators that the Fed is applying to the $3.3 trillion economy, from initial jobs reports last week to two years of net asset purchases, and several major policy statements that are expected to support it.\nGeithner, who served as Treasury Secretary during President Barack Obama’s administration, said in an interview with the Financial Times that she expects the Fed to hit its 60 percent return to economic growth goals for the first time since mid-2000 and provide the “fresh start” it needs to stop encouraging a return to a negative economic outlook.\n“While I want to have a place in the leadership team at the Fed, I also feel that my role in the leadership team will need to be tested,” she said.\n“Two months before the election, the risk-on approach I envision could be the carrot that I see in somebody who is more inclined to bet on economic growth.”\nEDUCATION, CHANGE\nThe experiment prompted a spate of criticism, including complaints from some in the pro-growth Massachusetts Senate and news reports in the New York Times that the primary goals of both Geithner and Summers were to boost spending and boost job creation in a way that would encourage economic growth.\nThis policy shift, however, had the opposite effect. In addition to bonuses for low-wage performers, the latest stimulus, the Fed has taken steps to identify the potential for return to growth, like an implicit bond-buying program and the target amount for a bond-purchase increase.\nIt also wants to improve its role as the focus for foreign financial flows and leads the country through the steps it took last year to bring the U.S. unemployment rate down to 5.6 percent.\nGeithner said under his tenure, the Fed’s focus was less on interest rates and more on people’s compensation. They used to tell this out, Geithner said.\nSlideshow (2 Images)\n“You have to commit to inflation and unemployment and growth, and there will come a time when these are commitments that we have to make,” he said.\n“The second-wave work, if you’re willing to commit, can help us get the recovery going.”\nThat, critics said, appeared to have already happened. In his statement, Geithner cited several speeches by the nation’s top policymakers, including Fed Chairman Jerome Powell, that help to communicate the Fed’s intentions.\nBut others questioned whether reaching the Fed’s 40 percent return to economic growth target would hold up because the economic environment had changed so drastically since that time.\nAccording to the Financial Times, Geithner said she wanted to define “not the Fed but the economy in a more open and balanced fashion,” and proposed “the process of bringing forward specific steps to achieve that target by changing the focus of the Fed’s policy, and the thinking of policymakers, in an increasingly transparent way.”\n']
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608
http://www.reuters.com/article/us-usa-stocks-weekahead-idUSKBN18129T
http://www.reuters.com/article/us-usa-stocks-weekahead-idUSKBN18129T
Old-guard retail back in the cross hairs
null
null
['Chuck Mikolajczak']
01-01-2021
reuters.com
null
success_wayback
gen
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['NEW YORK The country\'s wholesale and apparel retailers are arguably more closely tied to the Russian billionaire than they are to the most unlikely overlords in Wall Street.\nDoubts about Russia\'s economic growth and about the rising arms trade made last week\'s vote by a U.S. government-appointed panel to impose new sanctions on Russia seem all the more puzzling. At one point, market conditions may be conspiring to punish Russia.\nThe world\'s largest retailer, Macy\'s Inc (M.N), and U.S. investment bank Goldman Sachs (GS.N) say in filings with the U.S. Department of Justice and have raised concerns about the impact of the new penalties on their industry.\nWithout those caveats, the threat from all-cash shopping could tip America\'s retail sector into chaos, as bargain-hungry consumers struggle to make ends meet and smaller brands come to compete.\n"The political situation has meant that it is more difficult for the U.S. retailer chains and brand management teams to be considered as suppliers," said Seth Koppelman, analyst at Retail Capital Partners, a retail research firm in Boston.\nSeparately, hedge fund firm George Soros has voiced concerns that U.S. retailers could suffer if the new economic sanctions were successful.\nOn Monday, the White House said President Donald Trump would sign legislation instructing federal agencies to impose sanctions on Russia. The legislation -- the U.S. State Department\'s Export-Import Bank, the Commerce Department and the Treasury Department - is in consideration to provide hundreds of billions of dollars in back taxes and fees to foreign companies with US$5.7 billion in revenues.\nRichard Leisser, a New York-based managing director at Monument Securities LLC, said he expected U.S. retailers to feel extra pressure for products they source from Russia. "The rhetoric on the part of the government is the punishment that will actually reduce U.S. exports to Russia," he said.\nPaul Reese, senior vice president and managing director at Ecosan Capital Management, a New York-based investor investor, expects Russian exports to drop 7 percent this year due to Trump\'s economic proposals.\nNot only will U.S. retailers, following measures to cut their costs, see a 5 percent drop in sales, they will be under pressure for materials and labor costs, Reese said.\nDeutsche Bank analyst John Funk said he expects U.S. retailers to be more vulnerable to pressure from abroad and other currencies, since Moscow is often one of the few overseas currencies to rise in value.\nBryan Qualls, a finance professor at the University of Southern California, said the Russian clothing policies could have a negative effect.\n"The margin effects of the tax bill will continue," he said. "Even if they raise the 30 percent rate to 10 percent, I\'m very surprised that they will be able to prevent the tax rate coming down."\n(Reporting by Chuck Mikolajczak and Marcy Nicholson; Editing by Dan Grebler)\n']
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609
http://www.reuters.com/article/us-usa-regulation-smallbanks-idUSKBN1812AF
http://www.reuters.com/article/us-usa-regulation-smallbanks-idUSKBN1812AF
Community bankers’ political capital soars in Washington
null
null
['Pete Schroeder']
01-01-2021
reuters.com
null
success_wayback
gen
181,977
[0.949999988079071]
['WASHINGTON (Reuters) - The Obama administration has been focusing on strengthening banks and community bankers who have wielded influence in the U.S. political spectrum over the past few years, Obama’s national security adviser and his new personal banker Billingsmeyer Lewis said in an interview in September.\nBillingsmeyer Lewis on Jan. 1, 2017. REUTERS/Jonathan Ernst\nInstead of building on the investment banking franchise the past decade, the U.S. government has spun off other parts of the advisory and financial services sector, including new technology startups and “strategic advisory” jobs at Goldman Sachs Group Inc.\nShrinking the top notch advisory team in Washington has hurt Wall Street’s ability to power its politics, which a Pew Research Center study this week found is costing U.S. businesses and investors $54 billion a year.\n“When you’re understaffed, you see reduced opportunities to influence your own economic policy,” Lewis said in an interview last week. “It’s really about the value of the institutions we’re trying to create.”\nThe Obama administration created the Community Bankers of America to replace the Jim Ottman’s Merignatio mission to mend relationships between the financial industry and ordinary Americans.\nThe privately held bank said in October it would merge with U.S. Bank to form the biggest private banking group in the country, cutting more than 4,600 jobs, more than 2,500 in layoff and incentive fees for banks.\nTensions between the banking system and lawmakers and global financial markets, which have driven down the cost of bank funding to 10.5 percent a year in 2016, have continued as Federal Reserve Chair Janet Yellen prepares to begin the year as U.S. central bank chair.\nOther Wall Street banks that this month hired new executive team led by Lewis and policy adviser Mark Mazur remain fresh in the White House’s minds for 2012 presidential election campaign.\nFor agents and business executives involved in helping clients explore new opportunities, the bank’s career paths have been polarizing. Trump, in his first tweet about Cohen, lambasted Kenneth Starr and the National Enquirer as un-American media outlets.\nAmerican bank heads such as Anderson Robbins, managing director of global banking and mergers and acquisitions, and Ariek Eaton, global chief executive officer of global investment banking and mergers and acquisitions, have long disliked Trump.\nEstablished in 1997, the bank, which earned a record $1.4 billion in income in 2017, is now called American Bankers for Trump.\nGoldman Sachs is seeking federal contracts for nearly $52 billion in securities, banking and other services at that company from 2021 to 2023, the bank said in a statement last week.\nPoverty levels in immigrant communities are also higher than U.S. peers, according to the bank’s senior White House adviser, Elizabeth Holtzman.\n“We have a pipeline of opportunities that our clients are really very aware of,” Holtzman said in an interview.\nOne such opportunity is the White House Office of Community Bankers, which sent a formal request to the Treasury Department for treasury data about housing vacancy rates in 2017, including public and private zip codes and ZIP codes.\nMeantime, the Obama administration has been amending the U.S. constitution to add two more circuit court judges as part of President Donald Trump’s effort to do away with the shackles of the courts, which have loosened considerably this year.\nThe administration will not give detailed enrollment statistics on the percentage of Muslims in the United States or on minority university students studying in the United States, said Timothy O‘Toole, a spokesman for Treasury Department’s Office of Management and Budget.\nYellen, the sixth speaker on Capitol Hill since 2009, made the comments in the latest interview with the Minneapolis Star Tribune as she prepares to return to Washington on March 7.\nThe White House will hold a nominating convention to nominate new judges to the U.S. Court of Appeals for the D.C. Circuit next month.\n']
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610
http://www.reuters.com/article/us-usa-economy-idUSKBN1810BZ
http://www.reuters.com/article/us-usa-economy-idUSKBN1810BZ
U.S. job growth rebounds sharply, unemployment rate falls to 4.4 percent
null
null
['Lucia Mutikani']
01-01-2021
reuters.com
null
success_wayback
gen
181,979
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['NEW YORK (Reuters) - U.S. employers added 209,000 jobs in January, the first such gain in more than six months, suggesting Americans stepped up hiring in December and keeping wages flat as the cost of hiring rose.\nU.S. workers dressed in the winter coat walk to the outdoor dining areas of the SLS Hotel in Chicago December 30, 2017. REUTERS/Jim Young\nThe ADP National Employment Report on Thursday showed hiring continued at a clip that economists expect to tick up in January to 210,000.\nThat is higher than the 200,000-article mark economists had estimated.\nIt is just a drop from the 200,000 payrolls gained in December, when hourly wage growth dropped to 3.4 percent from 3.9 percent in November.\nThe ADP report also showed wage growth was expected to accelerate in the fourth quarter, to a range of 2.9 percent to 3.9 percent.\nThe number of jobs created last month was slightly lower than the 216,000 jobs added in November. That’s the first monthly gain in five months.\nThe report added to a sense that the Federal Reserve was moving away from a gradual gradual tightening of its monetary policy, allowing job gains to remain muted as winter draws to a close.\nFor January, February payrolls were seen on track to show 263,000. Initial jobless claims, a proxy for layoffs, fell to their lowest level in four years in January.\nEconomists had expected a 194,000 rise.\nDecember’s gain was the smallest since December 2015.\nEconomists also said that slower inflation over the last five months could start to fade as the housing recovery gains steam.\nThe Labor Department will release ADP’s fourth-quarter gross domestic product and nonfarm payrolls for the month of January.\nThe report did not include January’s foreclosure rate, which can fluctuate from month to month due to a complex accounting system and timing issues.\nIn December, the foreclosure rate rose to a five-year high of 5.94 percent from 5.96 percent in November.\nThe head of the Mortgage Bankers Association said the rate had not re-collapsed in January, adding “an increase that seems more natural given the government’s shutdown.”\nU.S. economy grew at a 0.9 percent annual rate in the fourth quarter, the slowest since a 0.2 percent rise in the third quarter. The only decline came in manufacturing.\nThe job market’s resilience against rising prices is a positive for inflation, which is closely linked to labor market stability.\nDuring the past two years, inflation has been stuck near 3 percent, currently at around 2.5 percent.\nThe report showed that, while the increase in the 10-year Treasury yield has moderated, inflation risks remain relatively low, and the Federal Reserve has been “patiently” increasing its balance sheet.\n']
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611
http://www.reuters.com/article/us-tezos-blockchain-draper-idUSKBN181250
http://www.reuters.com/article/us-tezos-blockchain-draper-idUSKBN181250
Exclusive: Billionaire investor Draper to participate in blockchain token sale for first time
null
null
['Gertrude Chavez-Dreyfuss']
01-01-2021
reuters.com
null
success_wayback
gen
181,985
[0.949999988079071]
["HONG KONG (Reuters) - A billionaire investor who is launching a token sale to bolster artificial intelligence could be among the first investors to be offered an option to buy the shares in technology company Ethereum, founder and longtime activist Carl Icahn said on Thursday.\nCarl Icahn (C) holds onto the world's first fully virtual currency Bitcoin after signing a deal with Alibaba, in front of one of the Alibaba Cloud Consultancy's Web meeting machines, at the company's headquarters in Hangzhou, Zhejiang province, China September 28, 2017. REUTERS/Stringer\nICC Capital Holdings aims to begin selling shares in Palo Alto-based Ethereum this month and all bids above $25 will be considered among the first to take the product to market.\nThere are a limited number of consumers to buy the product and David Cohen, co-founder of technology-based private equity firm Citadel and an active believer in blockchain, told Reuters.\n“Coin is something we have always done and a long time ago did,” Cohen said in an interview with Reuters. “‘Coin’ can be used as a vehicle for commercialisation, commercialization or industrialization - that’s the key here.”\nSocial media giant Twitter (TWTR.N) is one of the most active developers of decentralized tokens known as tokens, but Twitter declined to comment on the network.\nCohen founded Icahn’s advocacy company ETH, which was founded in 2015, to help other billionaires unify investor efforts to take on technology.\nHe said he did not expect the token sale to be a profitable one. His stake in the firm was worth $1.6 billion at the time.\nCryptocurrency Alliances Billionaire Carl Icahn's Icahn Asset Management said it is conducting transactions to promote blockchain and cryptocurrencies.\nEdward Lauder, co-founder of the Federated Department Stores (FD) chain, will be the first to join Icahn in the token sale, Cohen said. Lauder, Icahn’s nephew, began diversifying with bitcoin in early 2015, and has since upped his stake to an undisclosed amount.\nLauder is co-president of Mikkelsen Cardenas, an Ethereum-based unit of Nordic telecoms firm ScandinaviaTelecom SA (NIKLE.VX). Drukman DiMaggio, co-founder of leading investing group Yahoo ($YHOO.O), became the first of the fund’s top 12 traders to exit the company.\nIcahn also invested in Hyperledger Technologies, a Silicon Valley company that develops image-recognition technology.\nREIGN'S EFFECTS\nInvestment in token sales involves preventing a market from becoming distorted. For example, a blockchain token that acts as a network of shared data would no longer function due to frequent changes in the capacity of the network.\nTrading virtual currency will, however, potentially be easier than “token that steals data” because the system can alter parameters and authenticate trades, according to the securities companies IMS and the foundation of social social bond investing.\n“One in five people own a token or token trade, and your token will work only if it’s held for 5 to 10 days,” said Helen Tsien, a professor at the University of Edinburgh in Scotland who advises investors on token trading.\nNutanix, a Berlin-based startup developing technology to reduce blockchain risks, said token sales are a way to boost blockchain adoption.\nIt expects to work with Uber, telecoms firm Etisalat and British bank NatWest, which first started the token sale, to create new services that collect collected data on all the virtual assets and use it to advise against mergers and acquisitions.\nThe amount of investor participation is limited to 2 million shares.\n“It’s not the huge ICOs at that level that you might get into because of those token sales but it’s really like about 50-75 percent ownership,” said Luciana Mece.\nPrivate equity firms, eager to bring on token sales as a way to manage market volatility in a variety of revenue and expense intensive industries, are increasingly embracing them.\nKGI Securities analysts estimate private equity firms have raised $1 billion in token sales since 2016, according to Gartner.\n"]
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612
http://www.reuters.com/article/us-usa-fcc-idUSKBN181273
http://www.reuters.com/article/us-usa-fcc-idUSKBN181273
FCC chairman wants to cut regulations, speed new innovation approvals
null
null
['David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
181,986
[0.949999988079071]
['(Reuters) - The chairman of the Federal Communications Commission said on Wednesday he wants to put a teeth-draining screen on many new applications as he looks for ways to thwart disruptive technologies that threaten traditional broadcasters.\nThe FCC head, Tom Wheeler, answers questions from reporters as he speaks at the annual investor day of the New York Stock Exchange in New York, U.S., December 31, 2018. REUTERS/Lucas Jackson\nThe chairman reiterated his call for the FCC to focus more on innovation and tackling the impact of digital media and the industry’s ability to innovate, saying the federal regulatory changes already are sending mixed signals that consumers could wait longer for FCC regulation.\n“We want to make sure the National Broadband Plan will always be coherent for people,” Wheeler said during an appearance on Bloomberg Television’s “The Looney Tunes Show.”\n“I think we’re in the early days of putting any kind of mitigation measures in place.”\nThe FCC last year took a step that has been hugely significant in pushing forward needed rules related to digital programming.\nThe government proposed a revamp last year that would consolidate several TV stations from four, including KTLA in Los Angeles, in advance of the 2019 election and introduce new rules that would be more often targeted at niche markets.\nMore must be done to make the roll-out more robust than initially anticipated, Wheeler has said.\nThe FCC opened its first hearing last year with a series of aggressive measures meant to help local broadcasters continue operating.\nSince then the agency has been at pains to talk about the size of the gap in the digital TV spectrum.\nThe agency has signaled it has a path to replace 100 MHz of dedicated TV spectrum with airwaves for mobile broadcasting.\nThe commissioner also said he is looking at technologies from electric vehicles and low-power lasers to new TVs that can transmit and receive pictures and video.\n“That’s the goal,” Wheeler said.\nWheeler said there would be industry talks about possible integration and standards, but made clear he believes there is still time to complete a package to ensure smooth transition.\n“There are no guarantees,” Wheeler said. “You do need to go through regulatory changes, but I believe when that changes there’s going to be good communication and [are] good policy.”\nOn wireless data services, Wheeler said he has discussed that idea with Verizon Communications Inc’s (VZ.N) president and chief executive Michael Powell.\n“And we’re in the early stages of discussing that,” Wheeler said.\nLosing spectrum spectrum to other companies, including Thomson Reuters Corp’s (TRI.N) Reuters unit and the AT&T Inc (T.N) T-Mobile USA unit, poses another challenge, Wheeler said.\n“We are in the early stages of the ARPU [average revenue per user] issue,” Wheeler said. “We’ve been down that road a little longer than we would have liked.”\n']
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613
http://www.reuters.com/article/us-syngenta-ag-m-a-chemchina-idUSKBN1810CU
http://www.reuters.com/article/us-syngenta-ag-m-a-chemchina-idUSKBN1810CU
ChemChina clinches landmark $43 billion takeover of Syngenta
null
null
['Michael Shields']
01-01-2021
reuters.com
null
success_wayback
gen
181,990
[0.949999988079071]
['(Reuters) - ChemChina Co Ltd clinched the $43 billion takeover of Swiss pesticides group Syngenta AG (SYG.N) with a 51 percent stake in a global agricultural chemical maker on Tuesday, becoming the first global industrial conglomerate to seal the deal after months of pressure from U.S. antitrust regulators.\nFILE PHOTO: A tractor with Swiss pesticides and ingredients is seen at an office complex in Vienna, Austria March 4, 2016. REUTERS/Leonhard Foeger/File Photo\nChemChina said the deal would create a global leader in pesticides for the edible crop and key agricultural chemicals it will manufacture.\nThe purchase will come into force in the second half of 2021, and will be implemented with the approval of the U.S. Food and Drug Administration, the companies said.\nThe cash and stake deal, however, will mean that shareholders will not gain the right to nominate any company, which the companies said had been arranged ahead of the deal.\nA spokesman for Syngenta, which seeks to diversify beyond agriculture, said the government agency and ChemChina had concluded their involvement and conducted an “exhaustive process” to make sure this had been done in a timely manner.\n“The combination of industry leadership and industry commonality will position ChemChina for long-term growth,” Dean Beebe, chairman of Syngenta, said in a statement.\nThis will give the company some responsibility for a transition to markets with less dependence on water, water shortages and the increasing requirement for chemicals in the food, consumer and industrial sectors.\n“Having structured the transaction with a leveraged and contemporaneous allocation of resources, we are confident Syngenta will serve as a bridge-builder between the businesses on a growth trajectory,” Chief Executive Oswald Gruebel, who will take over the reins from the 86-year-old Monsanto Co (MON.N) in July, said in a statement.\nChemChina controlled a majority stake in Syngenta in 2015, shortly after its purchase of U.S. seed and pesticides maker Syngenta Gardener AB, with its share price rising to more than $50.\nEarlier this year it said it expected to exit its endowments of $14 billion in 2018 and to exit its agriculture business by mid-2019.\nChemChina currently holds about 36 percent of Syngenta’s shares and has about 1.2 billion Swiss francs (roughly $1.7 billion) of stake.\n']
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614
http://www.reuters.com/article/us-australia-coal-m-a-idUSKBN1810UC
http://www.reuters.com/article/us-australia-coal-m-a-idUSKBN1810UC
Buyers ready to pounce on Rio Tinto coking coal mines: sources
null
null
['James Regan']
01-01-2021
reuters.com
null
success_wayback
gen
181,991
[0.949999988079071]
["The entrance of the Rio Tinto Quanta steelworks in Rio Tinto's Quanta unit is seen at a steel port in Sagar Hill, Queensland December 26, 2011. REUTERS/Daniel Munoz\nLONDON (Reuters) - Buyers are ready to come on board for Rio Tinto’s $78 billion Australian nickel coking coal business, industry sources said, as the power sector picks up steam.\nThe stake that Rio and Wintershall, the British firm it buys from AGL (AGL.L), would stand up to a European antitrust probe because of its size and scope, two trade sources familiar with the situation said on Wednesday.\nBoth contracts are worth $23.7 billion each, they both dated back 10 years and represent only a small portion of Rio’s huge, globally spread iron ore production. It is also thought to be bidding on a combined Chinese and South African coking coal mines for heavy crude.\n“The non-transaction debt funds are so high now that this is a comfortable ticket to join the bullish American power sector of the world,” one of the sources said.\nBoth sides are also working on new rail technology in Australia, with a spokeswoman for Rio Tinto saying on Wednesday that it would “continue to cooperate with the Competition Commission”.\nThe Australian and Australian Governments (AC&A) are investigating whether Rio and Wintershall are being abused in Australia. The government is already investigating further, state-owned coal miner CSL (CSL.AX) is close to doing so.\nRio was seeking 18 cents a share for nickel and would be pressing even higher for the grade if it were hit by a separate coal deal.\nReuters reported last month that Rio had made a $2.1 billion offer to buy Australian nickel miner CSL, along with a $6.8 billion offer to buy BHP’s blue-chip BHP Billiton (BHP.AX).\nA Rio spokesman said on Wednesday: “The largest packages in South Africa, coal and coking all exceed the minimum relevant threshold.”\n“The consortium is committed to delivering the highest quality and lowest costs for the benefit of all shareholders and customers,” the spokesman said.\nSydney-based Rio held an initial offering of stock on the Australian market last month and has said it would open a second physical bid in the first half of next year.\nOne of the sources said Rio and Wintershall aimed to accelerate the way they look to develop new coal mines in Australia, with particular emphasis on mines in the Eastern Seaboard, where Australia produces steelmaking copper and bitumen.\nThe South African bourse has a joint venture with Shandongsteel in China’s mega smelter Changchun, but said last month it could not enforce its commitment to try to offload Oyu Tolgoi after talks failed to seal a deal for the mine.\nBHP Billiton (BLT.L) could not be reached for comment on Wednesday.\n"]
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615
http://www.reuters.com/article/us-france-election-idUSKBN1820BO
http://www.reuters.com/article/us-france-election-idUSKBN1820BO
France fights to keep Macron email hack from distorting election
null
null
['Adrian Croft and Geert De Clercq']
01-01-2021
reuters.com
null
success_wayback
gen
181,993
[0.949999988079071]
['PARIS (Reuters) - French President Emmanuel Macron has launched a government probe of whether the government used stolen state election records to strengthen his political ties to top officials, which both sides blame for sparking a wave of cyber attacks.\nFrench President Emmanuel Macron arrives at the NATO summit in Bratislava, Slovakia, November 1, 2017. REUTERS/Christopher Saros\nMacron said on Wednesday he had been warned by ministers and intelligence chiefs in the government to change its approach to cyber attacks after leaked documents showed in 2015 that Macron had used a Czech civil servant’s email to generate high-profile remarks about Russian President Vladimir Putin, sparking fears of political interference in the election.\nMacron has ordered a cyber internal probe and ordered other public authorities to check whether their websites were breached by cyber attacks. The probe would be broadly funded, but it could take many months before it has completed its work, officials have said.\nKremlin-linked Sputnik news agency, citing unnamed intelligence sources, reported that Macron had found two witnesses in an email account that appeared to be stolen. The Kremlin denied any involvement.\nMacron said all of the emails involved speeches, passages or articles to the political opponents. He also said that “the theft has been thwarted”.\nEuropean Council President Donald Tusk, who jointly attends the NATO summit, told Reuters that it was too early to know whether more checks were needed before any new cyber security rules are agreed.\n“We are analysing evidence about what’s done,” he said. “But I think that time is long overdue.”\n>> Read more: EU and NATO send Macron emails\nRelated Coverage Macron administration to continue spending in email encryption court\nPrime Minister Giuseppe Conte, who heads the fight against cybersecurity threats, told Macron he should cooperate with the investigation. The European Commission has said it will ask the National Defence and Security Council to determine if Macron committed a cyber crime.\n“We have to find out whether his remarks were part of a policy which undermined public order and which weakened democratic governance,” Conte said.\nGiorgio Amaracki, who heads the EU cyber law and regulations body, has flagged six investigations into cyber attacks against public assets during Macron’s reign. He declined to name those.\n']
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616
http://www.reuters.com/article/us-france-election-cyber-idUSKBN1820QO
http://www.reuters.com/article/us-france-election-cyber-idUSKBN1820QO
U.S. far-right activists, WikiLeaks and bots help amplify Macron leaks: researchers
null
null
['Dustin Volz']
01-01-2021
reuters.com
null
success_wayback
gen
181,994
[0.949999988079071]
["PARIS (Reuters) - The left-wing U.S. far-right has good reason to be nervous about the spread of information about Russian and American politicians during this year’s presidential election, according to researchers.\nU.S. President Donald Trump stands next to WikiLeaks founder Julian Assange in this undated picture provided by WikiLeaks on September 30, 2017. REUTERS/WikiLeaks/Handout via Reuters\nMany U.S. Democrats may be watching this year’s election closely to see what it might reveal about their own intelligence officers, including President-elect Donald Trump, who has expressed concern about the group’s activities.\nCybersecurity expert James Risen and researcher Thomas Lees told a conference in Paris this week that the flow of information from the groups had created a potentially dangerous atmosphere for foreign agents and their supporters.\nThese features were apparent during the investigation of WikiLeaks on the right-wing website, which published leaked classified documents on Russian elections, including by Trump, which Lees said contained fake news and was damaging for U.S. democratic institutions.\nThey also appear to highlight the possible connection between Russian hackers and U.S. Democratic presidential candidate Hillary Clinton and WikiLeaks.\n“The sort of response that I see is counterintuitive, because the angle here is to show people the path forward,” said Lees, professor of political science at Oxford.\nPolls consistently show that voters will vote at least slightly more Republicans this year than Republicans, even as the three party leaders in the White House have made it clear they expect a close election.\nA CBS poll in November found that just 23 percent of U.S. adults thought that a debate over the election was fair, while 37 percent agreed with the Democratic claims that Russian intelligence agency FSB officers were responsible for the attacks. That appears to represent a greater anxiety than previously about Russia’s destabilizing influence in the election and could have implications for Democrats.\nStill, according to Risen and Lees, they stressed that the conflict between the left and right-wing parties was likely to persist for some time.\nFILE PHOTO: WikiLeaks founder Julian Assange addresses the U.S. intelligence community Summit on 'State of the Union' on Capitol Hill in Washington, U.S., July 29, 2017. REUTERS/Jonathan Ernst/File Photo\nA campaign against the Russian election through the Internet campaign and a similar effort began last week in Delaware, where U.S. Senator Chris Coons said he would seek the arrest of Assange on charges that he was a front for an anti-Russian conspiracy.\nGlobal bank Banque Nova Scotia said in a statement that it would cut more than $9 billion from the country’s banking sector and work with its Canadian subsidiary to bail out banks and “the Virgin Islands” following a $43 million credit line it received under a joint investment with the U.S. Treasury Department.\nPossibly bigger potential headache for the Democrats than the Russian hacks are the so-called leak investigations and an explosive Facebook post in October that indicated that investigators may have had access to more than one million accounts hacked by the Russian state.\nBLACKSAW RIGHTS\nSocial media has played a central role in the U.S. election, campaigning in white areas seen as especially vulnerable to Russia.\nLees and Lees think that the strong open attitude shown by U.S. Democrats in January 2017 led to an increase in contacts between U.S. government and Kremlin-linked groups, to the point where the FBI, CIA and the NSA were able to identify the Kremlin as having breached U.S. political systems.\nRisen said such contacts would be seen as a good sign in the run-up to this year’s election.\n“Until Donald Trump comes in, it’s only going to be a year of behavior,” he said.\nThe answer to this problem may be easier to understand, but not so easy to apply to the rest of the world.\nRisen pointed to a Wikileaks release in December that said the Russian foreign ministry had proscribed 16 American websites, including publication of NSA leaker Edward Snowden’s and WikiLeaks founder Julian Assange’s emails.\nThat executive order was held up in parliament due to the lack of clarity in English. Risen and Lees said the president-elect was not in the exact same situation, and that both “politicians are somewhat suspect” of using their connections to run interference with Chinese and Chinese state media.\nIn an area where both political parties have enjoyed an arms race, Lees said, Democrats were under more pressure to open up to Russia in a number of ways.\n“They could potentially open up and say, ‘How can this be done?’ to the"]
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617
http://www.reuters.com/article/us-nigeria-security-idUSKBN1820P1
http://www.reuters.com/article/us-nigeria-security-idUSKBN1820P1
Nigeria exchanges 82 Chibok girls kidnapped by Boko Haram for prisoners
null
null
['Felix Onuah and Ahmed Kingimi']
01-01-2021
reuters.com
null
success_wayback
gen
181,995
[0.949999988079071]
['ABUJA/NEPAL, Nigeria (Reuters) - Nigeria handed over 82 Chibok girls on Thursday to all relevant authorities after admitting one of the girls had been held hostage by Boko Haram for more than two years, according to a statement from the Foreign Affairs Ministry.\nA young girl holds her 7 year old brother, who was freed by Boko Haram from captivity in northern Nigeria in September 2014, during a news conference at the Presidential Villa in Abuja, Nigeria, September 1, 2018. Paul Chioma/Ankara Region/Handout via REUTERS\nOn June 27, the surviving Chibok girls had just arrived in Nigeria, more than two years after Nigerian authorities announced the freeing of the 276 schoolgirls abducted by Boko Haram in Chibok more than two years ago.\nTheir case helped foster an international movement seeking girls to return to their birthright nations, which were the main reason the government issued the appeal in October 2014 to offer some of the abducted girls freedom.\nThe Chibok girls are seeking greater freedoms under Nigerian law after government lawyer Olajide Osurinkebe, one of the last remaining members of the kidnapped girls’ family, was freed in 2015.\nThere are some 230 Chibok girls and one Nigerien woman who were brought to Nigeria by the Nigerian government.\nAccording to an account provided by the head of the Nigerian Civil Defence Corps (NCDCO), Jamaola Solanki, it was a bureaucratic hurdle for the government to give the girls the freedom in cases of disappearance.\n“The NCDCO commander arrived at the Villa, was completely engrossed in the exercise, and was visibly elated as he was receiving all the them. He immediately commended the state, called for their release, and requested that we let him to come soon,” said Osurinkebe.\nIt was not immediately clear when they would be released. The abductions did not tip it off to Boko Haram.\nHUGE IMPAIRMENT\nOsurinkebe was referring to a little-noticed counterterrorism motion that came into effect in October, shortly after the statement was released.\nHe said that ministers headed by the ex-governor of the Central Bank of Nigeria (CBN) and the Nigerian ambassador to the United States and South-East African (SAEAC) had recognised the virtues of “serving a humanitarian imperative” by allowing the girls to return to the country, hoping to improve their status as citizens.\nIt was also to establish an elite commando unit comprising up to 20 armed security officers and police personnel to ensure transparency in investigations.\nNigerian authorities admit that almost two years of Boko Haram was largely a secondary programme. But they acknowledge that special attention has been placed on the fact that the girls are often sexually exploited and subjected to degrading and humiliating abuse by fellow citizens.\nThe girls were freed after a wave of security forces stepped up campaigns to pull them away from bombs, abductions and massacre plots.\nThey are still under threat of attack in the northeast, where the military from the U.S.-led coalition’s air campaign has supported the government and hundreds of troops.\nBut despite Boko Haram, which has been marginalized from power since the 2014 imposition of sharia law on its citizens in Nigeria, the militant group has not been able to topple a government in neighboring Nigeria.\n']
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618
http://www.reuters.com/article/us-usa-trade-canada-idUSKBN1820NS
http://www.reuters.com/article/us-usa-trade-canada-idUSKBN1820NS
U.S. Commerce chief says Canadian trade threats ’inappropriate’
null
null
['David Lawder']
01-01-2021
reuters.com
null
success_wayback
gen
181,997
[0.949999988079071]
["(Reuters) - Commerce Secretary Wilbur Ross said on Wednesday that Canadian complaints about the United States’ unfair trade practices “inappropriate” and threatened Canada’s membership in the North American Free Trade Agreement with the United States.\nFILE PHOTO: Commerce Secretary Wilbur Ross talks to U.S. Indian leaders in New Delhi, India, July 28, 2017. REUTERS/Anindito Mukherjee/File Photo\nMany countries are concerned that US trade practices have harmed consumers’ abilities to shop around, and even businesses have disputed that, Ross said in an interview at the Reuters Global Industry Summit in Ottawa.\nTo that end, Canada set up an additional cyber task force, made up of specialists from the technology, media and telecommunications industries, to deal with concerns raised about its “trade threats,” Ross said.\n“(That) is a very positive development and the thing to be quite clear on is, the Canadian business complaint is inappropriate,” Ross said.\nThe U.S. Trade Representative is holding a conference call with business executives at a high-level Washington level on Friday where, he said, the main issue is finding ways to offset the damage of alleged unfair trade practices.\nCommerce Secretary Wilbur Ross (D) speaks to Reuters on a panel about the need for the Commerce Department to focus on 'traditional' foreign trade practices, including technology innovation, in Washington January 1, 2018. REUTERS/Aaron P. Bernstein\nEarlier this week, a Canadian company said it had been barred from selling chips and software to Apple Inc’s iPhone chip development team due to the alleged anti-competitive behaviour.\nCanada denies any knowledge of its practice, while the United States says it claims that Apple’s product protection is unfair.\nRoss said he was aware of some criticism and raised the issue in an interview with the Reuters Global Industry Summit, but there was no evidence that antitrust concerns had overtaken trade concerns.\nHe said there was no lack of responsibility and no basis for the delay in paying Apple a trade damages award.\nThe three countries jointly decide on their complaints, and the number of cases or arguments over which country gets to have a case is not yet known, Ross said.\nThe meeting is one of a slew of meetings scheduled for the coming week.\n"]
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619
http://www.reuters.com/article/us-usa-trump-justice-idUSKBN1820QU
http://www.reuters.com/article/us-usa-trump-justice-idUSKBN1820QU
New contender emerges to become Wall Street’s top cop: sources
null
null
['Nathan Layne and Karen Freifeld']
01-01-2021
reuters.com
null
success_wayback
gen
181,998
[0.949999988079071]
['NEW YORK/WASHINGTON (Reuters) - Wall Street is set to start fielding a new hire next month to replace the top U.S. leader in spotting new trends that are ruining performance on Wall Street.\nPresident Donald Trump speaks during a keynote address at the Conservative Political Action Conference in Baltimore, Maryland, U.S., March 7, 2018. REUTERS/Brendan McDermid\nBetween the summer of 2016 and August of this year, the Securities and Exchange Commission helped spot emerging technological trends that could overtake the traditional securities markets that have proved remarkably resilient over the past decade, according to people familiar with the matter.\nThe sources said Michael Barrett, who is one of the most senior people at the SEC and is expected to move into its office in mid-January, will join the agency in a hiring role first reported by The Washington Post.\nUnder Barrett, the SEC fired over a dozen former Wall Street analysts after the agency’s automated Trading Desk error caused by misclassifying financial risks into separate screens created by the bureau at the height of the financial crisis.\nFormer U.S. Securities and Exchange Commission Chairman Francis Collins, whose wealth spiked to $6.1 billion in the summer of 2015, also announced plans to quit his role this week.\nA SEC spokeswoman could not immediately be reached for comment.\nIn 2016, Wall Street spent another quarter of a trillion dollars in borrowed money and created as many as 60,000 jobs, according to internal SEC data, a record, the company says.\nBut there are certain rules that should apply in future periods of volatility - including setting down for trading in stocks or bonds, for example - for analyzing patterns in large capital-gains vehicles like the derivatives that are held in desktops.\nPaul Nitze, the boss of the U.S. pension fund Municipal Income Managers, said financial markets have reached point of exit for reform of the rules in which so many financial firms were able to hide their big bets, according to a person familiar with the matter.\nThe U.S. Treasury Department had not yet designated Chief Financial Officer Stan O’Neal as acting CEO as it grapples with problems of the year. He was hired by Trump in December.\nIn mid-December, the SEC announced that former President Barack Obama appointed former Allergist Corp chief financial officer Chris Flaherty as its head of risk management.\nWall Street kept a close eye on the market through the first half of 2016, in part because a range of individual investors, according to Bloomberg, who said their money flowed the most thinly to stocks and bonds.\nBy early 2017, when volatility spiked on Wall Street, nearly nine million investors - a fifth of all investors in the securities market - remained cash-strapped. That followed steep losses for the mid-term, when the MSCI All Country World Index closed down 2.5 percent year-to-date, the best performance since the November crisis.\nThe fallout dragged the SEC to its lowest level in five years on Nov. 16, after managers reported significant amounts of ETF trading. Yet it later regained some market traction.\nThis week, the agency received more than 40 Wall Street reports on how they were potentially misclassifying financial risks. That would represent, at least in part, the return to the days of cutting trading lines.\n']
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620
http://www.reuters.com/article/us-berkshire-buffett-idUSKBN1820J4?il=0
http://www.reuters.com/article/us-berkshire-buffett-idUSKBN1820J4?il=0
Buffett assails Wells Fargo, defends 3G at wide-ranging meeting
null
null
['Jonathan Stempel']
01-01-2021
reuters.com
null
success_wayback
gen
181,999
[0.949999988079071]
['(Reuters) - Billionaire Warren Buffett, one of the most powerful people in Washington, recounted the role Wells Fargo & Co Inc’s (WFC.N) anti-competitive practice played in rigging a flagship retail bank’s business.\nFILE PHOTO: Wells Fargo employees and customers drink breakfast at a corporate coffee shop in San Jose, California September 8, 2013. REUTERS/Robert Galbraith/File Photo\nThe U.S. Federal Reserve appears to agree with Buffett. And the fiery billionaire could not have faulted a bank that built a stock market "monster" as he launched a lawsuit over what he called "stupid" executive pay practices at the Wells Fargo firm.\nBuffett stood his ground in an open letter on Thursday published in The New York Times.\n“Wells Fargo had it right,” the billionaire wrote, according to the Times. “They did their job better than anyone else, and their compensation was terrific. The company approved pay packages accordingly.”\nIn his three-page letter, Buffett said the operation at Wells Fargo and its peers led to “massive and outrageous business mistakes” that missed opportunities.\nBuffett said he would introduce his suit at the nation’s highest court after the Fed’s independence.\nHis suit, alleged that the bank was among the world’s largest in subprime mortgage investments, along with JPMorgan Chase & Co (JPM.N), Blackstone Group LP (BX.N) and Wells Fargo, allegedly paying inflated bonuses to executives.\nThe Fed is currently evaluating the plaintiffs’ claims that Wells Fargo, its former and current executives were largely unscrupulous for their roles at the bank.\nThe Fed is also questioning whether Wells Fargo could have disclosed fewer than $600 million of trade secrets to subordinates during a wide-ranging executive pay analysis, which the Federal Bureau of Investigation paid to victims of the financial crisis.\nThe bank’s co-founders helped prevent big bank fraud that led to the financial crisis and helped restore trust.\nIn September 2016, the Fed announced that regulators had found Wells Fargo had continued to help executives steer trades improperly, as long as they knew they were bad for consumers.\nUnder the new rules announced in November, Wells Fargo and its cashed out executives did not have to keep up with instructions.\nMark Bertolini, a partner at the law firm Covington & Burling, which filed the suit, said after the Fed heard that case that it was not the first to join that suit.\nBertolini said while the Fed isn’t satisfied with the way Wells Fargo did its work, it should settle on specific areas and prevent more actions.\nRepresentatives of Wells Fargo and JPMorgan declined to comment.\n']
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621
http://www.reuters.com/article/us-berkshire-buffett-healthcare-idUSKBN1820RI?il=0
http://www.reuters.com/article/us-berkshire-buffett-healthcare-idUSKBN1820RI?il=0
Buffett calls Obamacare replacement ’a huge tax cut for guys like me’
null
null
['Trevor Hunnicutt']
01-01-2021
reuters.com
null
success_wayback
gen
182,005
[0.949999988079071]
['FILE PHOTO: Billionaire Warren Buffett, who grew up in Iowa, speaks at a news conference at the family-owned Harvard Business School in Cambridge, Massachusetts, U.S., November 19, 2017. REUTERS/Carlo Allegri/File Photo\n(Reuters) - Billionaire Warren Buffett said in a four-page letter to investors that he remains “unbundled” and “nondiscretionary” after selling Berkshire Hathaway Inc shares in late 2016 to avert a possible tax break.\nWhile most people would be surprised if he elected to abandon his corporate holdings in public, Buffett said he may be surprised if he followed his own approach during the call with Berkshire’s investors to help get the U.S. tax cuts passed and passed on to companies worldwide.\n“The biggest surprise I have was when I was managing to change somewhat by eliminating deductions that were carried out by CEOs and by themselves in order to gain maximum benefits for their companies,” Buffett said.\nThe 45-year-old billionaire, who is one of the world’s largest shareholders, investor and former chief executive officers of Berkshire Hathaway Inc, said these “millions of dollars” of money now used to pay federal income tax is owed by U.S. companies.\nBuffett owns and controls about $45 billion in total assets, including 36.4 million Berkshire shares, Berkshire said on Thursday.\nHe also praised fellow Berkshire Hathaway investors in connection with a $13 billion investment in power company Colorado Public Power, Berkshire said.\nBuffett also used his tax credits to receive an additional $1.5 billion after his retirement and in a 401(k) retirement plan, leaving him with tens of millions of dollars in tax savings, the letter said.\nBuffett said he was especially unhappy with CNBC, CNBC International, CNBC Finance, CNBC Wall Street and CNBC Pay as you Go and CNBC in which he and other high-profile leaders with stock ownership interests are paid flat pay.\n']
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622
http://www.reuters.com/article/us-australia-power-batteries-idUSKBN1820RE?il=0
http://www.reuters.com/article/us-australia-power-batteries-idUSKBN1820RE?il=0
Australian push may open more doors for batteries on power grids
null
null
['Sonali Paul']
01-01-2021
reuters.com
null
success_wayback
gen
182,006
[0.949999988079071]
['CANBERRA (Reuters) - Australia is pushing a generation of batteries for storage on electric power grids that would allow grids to get rid of harmful emissions and make space cheaper, with one project under way on the outskirts of Melbourne.\nA woman holds a digital camera in her hand before a demonstration of a proposed super-conductor panel in Kochi, India, September 23, 2018. REUTERS/Adnan Abidi\nThe Victorian government and Energy Australia announced the landmark push for the proposed station in Melbourne on Thursday, signalling the hurdles to move ahead as more than half of Australia’s output of electricity comes from fossil fuels.\nThis would enable traditional power grids to spend on renewable energy and feed back into the grids with a capital investment of some $2.8 billion - or roughly 15 percent of Australia’s gross domestic product ($2.6 billion) through projects including the station being funded by the government, Energy Australia said.\nOther projects would borrow money by converting some old equipment to renewables and generate a new generation of power at some energy providers, the companies said.\nThe draft policy announcement highlighted the need for a new type of “cooperative action” of state-owned electricity utilities to ensure their funding is kept alive for money-losing carbon capture and storage (CCS) projects.\nThe policy will also propose licences to invest in CCS, a practice known as “Compass”, in order to raise Australia’s share of the electricity mix by 20 percent to 80 percent from 2005 levels.\nAnother issue for the Turnbull government is whether new systems will be built in Australia, which until now hasn’t deployed large-scale CCS installations.\n“I’m hoping that some big-scale projects will become reality,” Energy Minister Simon Birmingham told Reuters.\nThose plans include a push to build a grid of ultra-low-cost windmills in Tasmania with a use for batteries to be developed as a technical tool to keep the turbines running.\nThe area of Australia at the centre of the technology offers some of the clearest evidence yet of how much Australia wants to get ahead.\nThe Commission for Environmental Energy and Commerce welcomed the move, saying Australia, as the world’s biggest emitter of greenhouse gases, was making the problem worse and needed to be held accountable to the policy shift.\n“This will eventually mean more power on the grid for less,” CECA Executive Director David Kelly said.\nCoal sector plans include the establishment of a renewable energy network linking Australia’s gas plants to the Australian grid to replace the existing coal network, in certain circumstances.\nHowever, white papers in the Australian Energy Market study forecast around 19,000 new CCS farms within 10 years at the cost of billions of dollars.\nPower generators would be required to invest 40 million dollars in new CCS farms between 2010 and 2019 - at a cost of a levy of $275 million per farm and $800 million per year over a 10-year period.\n']
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623
http://www.reuters.com/article/us-usa-fed-williams-idUSKBN1820R0?il=0
http://www.reuters.com/article/us-usa-fed-williams-idUSKBN1820R0?il=0
Fed’s Williams sees balance sheet as future policy tool
null
null
['Ann Saphir']
01-01-2021
reuters.com
null
success_wayback
gen
182,009
[0.949999988079071]
['NEW YORK (Reuters) - Chair Janet Yellen’s governing view of the Fed’s balance sheet should serve as the basis for the deciding factor on when the Federal Reserve will increase interest rates this year, a person close to the Fed said on Wednesday.\nFILE PHOTO: U.S. Federal Reserve Chair Janet Yellen delivers remarks at the End of the Year 2018 Economic & Monetary Policy Conference in Jackson Hole, Wyoming, U.S., November 9, 2018. REUTERS/Lucas Jackson/File Photo\n“The balance sheet is a central authority and it’s going to have to evolve,” David Tinsley, a top economist at JPMorgan Chase & Co, told Reuters.\nYellen has referred to the balance sheet as an asset management tool during policy discussions at her two meetings in New York on Monday and Tuesday, expressing concern about the risks associated with asset prices. She has also appeared to acknowledge that the economy has produced steep falls in the value of its assets.\nOn Wednesday, she said at her first policy round of the U.S. central bank she viewed the need to save the economic and financial system as “unlikely”.\nThe median forecast among 10 economists surveyed by Reuters that the U.S. central bank would cut its quarterly rate by one basis point on Tuesday was 80 basis points. The median forecast among 955 economists who responded was 90 basis points.\nPOWERED WARS\nFed policies as tool to stabilize the central bank’s operations through an exit of the asset-purchase cycle had not yet been tested, according to a survey by the Federal Reserve Bank of Richmond in late December.\n“The nature of the difficulties that have been created in the asset-purchase regime itself is quite different from the path of policy,” Guggenheim Securities analyst Mathew Martoma said on Wednesday.\n“The complete backing of the policy has been a source of instability for a while.”\nA lower Fed stance would stoke higher inflation expectations and stoke a broader possibility of strong U.S. economic growth, Martoma noted.\nThe median median among Fed banks who responded was 80 basis points, though they varied on their assessment of the role of the Fed’s balance sheet.\nIt may also help spur some signs of an improvement in the labor market. The Fed expects the economy to recover faster this year.\nIndeed, the median median forecast among 10 banks that responded was 80 basis points, excluding those that answered without explicitly saying it.\nThe same people said that the median Fed policy was running 10 basis points below its long-term objective.\nWhile the median median between those words was 18 basis points, it was between 22 and 25 basis points. The median was at 8 and 20 basis points, respectively.\nStill, the median was less than the median median of the 50 median forecasts, in line with the median forecast among the highest-yielding institutional banks.\nThe median median was 11 basis points below the median median in September, according to Thomson Reuters data.\nTinsley said that while the range had been pushed by the market in the past week, most banks had underestimated the significance of the current environment and positioned themselves well, taking into account the weakening economic outlook.\nThe median was 11 basis points below the median median in September, according to Thomson Reuters data.\nIn addition, many of the median forecasts were hurt because the median asked respondents to use different measures of inflation expectations - known as the forward curve - to measure inflation expectations.\nFor example, the median median forecast among respondents to the Fed’s press conference saw inflation over the forecast period coming in at a little less than half of its inflation target - effectively setting the stage for a double-dip recession later this year.\nThe median forecast among respondents to the Fed’s press conference experienced a deterioration in the job market during the fall.\nYet, the median forecast among respondents to the Fed’s meeting of interest rate-setting committees said inflation expectations were stable.\n']
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624
http://www.reuters.com/article/us-mexico-refineries-sales-idUSKBN1810JT?il=0
http://www.reuters.com/article/us-mexico-refineries-sales-idUSKBN1810JT?il=0
Pemex seeks investors for its refineries, but who’s buying?
null
null
['Jessica Resnick-Ault and David Alire Garcia']
01-01-2021
reuters.com
null
success_wayback
gen
182,011
[0.949999988079071]
['VANCOUVER/SAO PAULO (Reuters) - A downturn in gasoline prices, slowing growth in the export-reliant and growing Mexican economy and a glut of pipelines mean state oil company Pemex needs to buy a huge chunk of its capacity.\nFILE PHOTO: Workers at a Pemex refinery work in Agua Boca, northern Mexico, December 4, 2017. REUTERS/Henry Romero/File Photo\nWhen the owner of Pemex tries to buy back its planned $10 billion investment in the Foresight pipeline from the United States, speculation also grows that it is seeking investment from Mexico’s state-owned oil giant.\nThe demand for 10 percent of Mexico’s crude pipeline capacity is expected to disappear by the end of the decade. A second pipeline has not yet been built and refining capacity from a previous partnership has shrunk by only 5 percent, making the full 8 to 10 percent of the new capacity acquisition available.\nPemex, Mexico’s largest oil exporter, is looking to add more capacity to the pipeline to meet surging demand, which has outstripped the original size of the project. To keep up, it has lost more than 1 billion barrels, or 11 percent of its total, of crude refining capacity, and has projected it will be taking on a loss of $6 billion by 2018.\nBut as demand keeps increasing for conventional gasoline, gasoline imports are expected to decline further because U.S. refiners are reducing their stockpiles for the first time in more than a decade, giving Pemex a cushion to make up its shortfall. Pemex said last week it would sell foreign crude from less-sourced Mexican refineries to one of its South American partner Aztec Logistics (AGEC.MX) in a one-off deal worth $1.8 billion.\nIn the past, the Pemex has bought a portion of its output from key Mexican refineries, but that size is now projected to shrink to just 3 percent of that.\nThe company has looked at other sources of supply, such as Colombia, Brazil and Russia, said Jurgen Huebner, chief executive of the company.\nBut only about half of the time they do, he said. Mexican refiners, meanwhile, are looking to Brazil and other Southeast Asian countries for non-ferrous mining growth that could help fuel faster domestic consumption.\nTALE OF BEEF\nInvestors and analysts say Pemex’s deep-rooted reliance on aluminum production has enabled it to maintain its market share even with Mexico’s increasing dependence on imported fuel. There are only about 40 billion barrels of recoverable U.S. reserves in Mexico, down from almost 300 billion barrels in the 1970s.\n“There is an enormous capacity shift in production that is happening,” Huebner said.\nPemex’s gasoline imports into Brazil came in at 39.2 million barrels per day, up 1.9 percent compared with a year ago, according to Bloomberg data. And after adding 8.7 million barrels per day in gasoline shipments last year, the company now exports about 703,000 barrels per day, up slightly from 772,000 barrels in 2014.\nBasing its projection on the domestic market at around 5 percent of capacity, it is expecting foreign oil imports to decline further.\nThe company also knows that demand may not keep up with crude oil’s rapid rise. WTI crude futures are down about 40 percent since reaching their peak last year on Nov. 2 and are now down almost 14 percent, putting Mexico’s gasoline consumption down to less than half the 2 percent capacity demand in the wake of U.S. oil embargo.\n“There is a lack of innovation in the U.S. refinery market and the Mexican market,” Huebner said.\nThe Mexican refining industry’s ability to tap the port of Santa Fe or refineries on the east coast, on the other hand, is nothing to be sneezed at. But Mexico’s petroleum refining industry in Mexico still employs about 350,000 people and accounts for more than half the country’s gasoline demand.\n']
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625
http://www.reuters.com/article/us-berkshire-buffett-proposals-idUSKBN1820PZ?il=0
http://www.reuters.com/article/us-berkshire-buffett-proposals-idUSKBN1820PZ?il=0
Buffett expresses sympathy, but Berkshire political spending proposal fails
null
null
['Jonathan Stempel']
01-01-2021
reuters.com
null
success_wayback
gen
182,016
[0.949999988079071]
['Warren Buffett offers his opinions about regulatory spending at the National Governors Association annual meeting in Washington, U.S., August 25, 2017. REUTERS/Kevin Lamarque\n(Reuters) - Warren Buffett is looking into whether his Berkshire Hathaway Inc unit contributed to political spending in his Berkshire Hathaway Inc unit, spokesman Terry O’Neill said on Wednesday.\nIn 2015, Buffett announced that Berkshire held a large political fund called Miller Partners LP which required the investment of fund management companies including Coca-Cola Co, Procter & Gamble Co and Altria Group Inc. (MO.N). Buffett, who was chairman of Berkshire in the first three decades of its existence, said at the time that the fund ultimately contributed about $750 million to his 2014 election campaigns.\nO’Neill declined to be further specific about Berkshire’s political spending, which the company’s spokesman said “started way back in 2015”.\nBerkshire Hathaway’s use of Miller Partners increased its political spending to about $1.2 billion in the second quarter of 2017 from $850 million the previous quarter, as the company spent heavily to expand its outside public financial institutions.\n(Reporting by Jonathan Stempel in New York; Editing by Jeffrey Benkoe)\n']
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626
http://www.reuters.com/article/us-mideast-crisis-iraq-mosul-bridge-idUSKBN1820KA
http://www.reuters.com/article/us-mideast-crisis-iraq-mosul-bridge-idUSKBN1820KA
Flooding forces Mosul residents to flee war in rickety boats
null
null
['Ahmed Aboulenein']
01-01-2021
reuters.com
null
success_wayback
gen
182,024
[0.949999988079071]
['MANILA (Reuters) - Iraqi fighters moved slowly and carefully across the Tigris into the port city of Mosul on Saturday, seizing boats that were carrying civilians fleeing across the Tigris and looting past glistening Baghdad and Aleppo river valleys.\nRebels using two single-handed pneumatic cars, human shields and more than 200 soldiers took a civilian boat away in the hope it would rebuild itself.\nBut it was the largest civilian boat left since the new government came to power in 2015, leaving more than 350 lives in place.\nThe roads were dried and muddy, and people were trapped in tents and pots when the last diesel generators blew in an attack by warplanes at the weekend.\nThousands of civilians, including women and children, fled nearby al-Udeid town in western Mosul on Friday to try to run home from the fighting with their families.\nThe Iraqi central government said on Saturday that 61 such boats had already taken refuge after the last of them turned up Saturday in a port city in the Tigris, with two returned and two others rusting.\nBut Baghdad also cautioned that it was on the brink of a civil war with Islamic State and could resist military action in the region.\nIn Baghdad, U.S. Defense Secretary James Mattis said about 8,000 refugees were trapped in the Iraqi capital.\n"It\'s a very dangerous situation. We have to stay on our guard ... I\'ve never seen this scenario like this in my life, and this was the hardest thing I\'ve ever experienced," Mattis told a news conference.\nIraq\'s interior minister said 200 Iraqi soldiers, 150 allied militia and infantry were currently in Mosul to reinforce the security forces.\n"We are not giving up," he said.\nMIXED AND CONFUSED\nFor Iraqi Kurdish Peshmerga, whose forces rescued 18 bodies from a dam dam and their families had been given fresh food and care, it was the end of the road for the residents.\n"This was what we feared in Iraq," said Sayed Ali, a 27-year-old farmer.\n"People lost their houses, their possessions. Mosul is a war zone and the weather conditions are extremely bad," he said.\nUnder Islamic State rules the families of some 800 people can make a split-second decision to leave when faced with heavy shelling.\n"This really affects us in the heart of the town," said Noura Atta, the head of the ethnic Kurdish Peshmerga force.\nHe said many civilian shops were selling food and washing and medicines on Saturday, a big victory for the local population.\nBATTLE FOR THE ROGUE YARD\nThe Mosul plan was struck by the presence of Turkish Cypriot Cypriot forces.\nTurkey sends more than 10,000 troops to its Syrian and Iraqi border and has also bought several armored vehicles.\nThey had first arrived in northern Iraq this month, saying they had prevailed in the battle for the city of Palmyra, a UNESCO world heritage site.\nIraqi troops have captured several key city edges and it has also recaptured villages as residents fled through the desert at high tide to escape the fighting.\nHundreds of residents and government contractors living in the predominantly Shi\'ite city of Kirkuk are also due to be evacuated soon.\n']
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627
http://www.reuters.com/article/us-tesla-mexico-idUSKBN1820P7
http://www.reuters.com/article/us-tesla-mexico-idUSKBN1820P7
Mexican engineers flood Tesla hiring event in Monterrey
null
null
['Anthony Esposito']
01-01-2021
reuters.com
null
success_wayback
gen
182,027
[0.949999988079071]
['LOS ANGELES Mexican engineers arrived in Monterrey, just north of the border with Mexico, for the first-ever hiring event, seeking U.S. workers to help hire on high-skilled construction jobs, a former Tesla employee said on Wednesday.\nAccording to a group of engineers at Tesla Corp on Thursday, one-third of orders was expected to be supplied in Monterrey from Mexico, a city near the border with Mexico where a wall construction team is building a U.S. border crossing that will be nearly complete.\nThe team was working on plans for highway and bridge work, the details of which were not immediately known.\nTesla employees typically go to Mexico for technical training and should have been home in time for the launch, said store worker Venessa Díaz, who had been on the team with Tesla since March 2016.\n“Just yesterday I got a call from people from Mexico and Japan,” Díaz said. “It was the first hour, I was overwhelmed.”\nTesla’s Mexican operations have been hit hard by floods in the past five years that have created a major infrastructure problem.\nThe company’s new “Silicon Valley” campus in Santa Monica, California, is like a small town in a single-family neighborhood of horse-drawn cars -- with only the vast majority of employees to shop elsewhere.\nEstablished in 2003 by former Tesla engineer John Cowan, Tesla has since closed or merged several factories to secure more manufacturing jobs.\nTesla, which along with its parent company, Model S owner Tesla Motors, aims to revolutionize cars with innovation and engineering, beginning in the U.S. by using lithium-ion batteries to charge the rear wheels.\n“This is one in a million,” Cowan said in an interview. “We had an order this morning and that today is the first order it was booked by Tesla.”\nTesla is able to produce about 1,000 cars per day in the Americas, bringing the total production capacity to about 2,000 cars per day.\n(Editing by Mohammad Zargham)\n']
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628
http://www.reuters.com/article/us-police-texas-idUSKBN1820N8
http://www.reuters.com/article/us-police-texas-idUSKBN1820N8
Texas officer charged with murder in shooting of teen released on bond
null
null
['Alex Dobuzinskis']
01-01-2021
reuters.com
null
success_wayback
gen
182,029
[0.949999988079071]
['DALLAS (Reuters) - A suburban Dallas police officer, accused of killing a teenage boy and wounding another 16-year-old, has been released on bond after posting all his bail on his own recognizance.\nState District Judge William McCarthy of Dallas allowed Eric Frederick to remain in jail despite trying to reach an agreement with defense attorneys for terms in exchange for 20 percent of the cash raised to pay the victim’s medical bills.\nA law enforcement source told Reuters at the time Frederick had no criminal record or ties to the area.\nIn court, McCarthy ordered Frederick to surrender his license-plate camera to license plate databases and an office phone number he used to obtain a payment.\nA Dallas police spokeswoman said Frederick is also being held in juvenile detention in Dallas County.\nFrederick was arrested and booked into the Travis County Jail on Sunday on a charge of second-degree murder in May and the attempted murder on Saturday of a teenage boy.\nOne of Frederick’s deputies could be heard on video saying: “This is our only son” and holding the boy’s hands in front of him while as he stood next to him “armed, guns blazing.”\nFrederick was sacked from his police force last July after the shooting but escaped the gun battle and was later arrested for domestic violence, a felony, prosecutors said.\nCALL FOR A DEPORTATION\nDuring a short time period starting at 10 a.m. on Tuesday, several people holding a large banner reading “Justice for Eric Frederick” began chanting at the courthouse, urging McCarthy to grant Frederick bail.\nCmdr. Scott Verrini, a dispatcher for the District Attorney’s Office, told the cable news channel WFAA that courthouse surveillance video and screenshots of speakers from various groups gathered during the night of May 25 were pivotal to ruling on the shooting.\nVerrini said the judge also will rule on Friday on a motion for the defense to call “Alejandro Medina Colon.” He had charged Medina with two counts of aggravated murder and one count of aggravated assault with a deadly weapon.\nMarilynn Thomas, 22, is one of Frederick’s friends. She and Frederick previously met at the Frisco, Texas, stop in July.\nJust before 1 p.m. on May 25, former Frisco police Officer Dan Lawlor, the teenager’s father, posted an e-mail to his Facebook page, “Our son Dan Lawlor… Killed his friend #BenjaminArticles.”\nPhiladelphia-based law enforcement sources said Lawlor, a former Philadelphia police officer, was fired following the shooting and that two supervisors were also fired.\nPolice said in court that Daniel Lavoy, 18, of Plano, is Frederick’s son.\nVerrini said Frederick filed a $2 million lawsuit after the shooting.\nThe Dallas-based legal team representing Lavoy also applied for the rape-and-gun charge against Frederick. Lavoy’s lawyer is from Denver.\nIf the judge grants Frederick’s request for an additional bond payment, it could mean he can no longer make bail and could potentially also reduce the charge to a misdemeanor. The office of both prosecuting attorneys said it had not been made clear whether those conditions were made clear in court.\nA Facebook post from Frederick’s attorney. “Our attorney agreed that we could make a monetary bond amount but we are not yet sure what that would be. Our attorneys will have to consult with the jury before making that determination. In the meantime, if you are found guilty of a crime you will be unable to have any contact with the other defendant.”\n']
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629
http://www.reuters.com/article/us-venezuela-politics-idUSKBN1820NM
http://www.reuters.com/article/us-venezuela-politics-idUSKBN1820NM
Roses in hand, Venezuelan women protesters face security forces
null
null
['Andreina Aponte and Andrew Cawthorne']
01-01-2021
reuters.com
null
success_wayback
gen
182,037
[0.949999988079071]
['CARACAS (Reuters) - Flushing a thick mask, a woman wearing one of the colors of the Venezuelan flag slung over her body has been taken into custody in the capital of Caracas as her supporters staged a sit-in, carrying nothing but flowers and signs to protest what they say is a return to dictatorship.\nWomen demonstrate against the lack of basic rights for women in Venezuela in Caracas, Venezuela, January 1, 2018. REUTERS/Carlos Garcia Rawlins\nHate-crime arrests and violent clashes erupted during President Nicolas Maduro’s two-year rule but have dwindled in the absence of revolution.\nActivists say Maduro’s government is cracking down on dissent, the young unemployed and the oppressed. Critics say soldiers are patrolling the streets to subdue protesters.\n“The Revolutionaries must fight this ban, they are going to fight this ban forever, they are with us,” said Asalson Lilaita, a 45-year-old mother of two who was hoping to stand for a June referendum.\nMaduro’s campaign to address the revolution came crashing down as last month’s capital impeachment of his predecessor, Hugo Chavez, sparked dissent.\nNow the Caracas media have told followers to march to the National Assembly building on February 5 to demand food and water, a message denounced by opposition leaders.\nSaturday’s sit-in prompted protests in both the capital and Caracas’ central square and sporadic clashes with police following clashes Sunday in the Marti oil town where at least two people were killed.\nThat demonstrations will continue in much the same way as against the Supreme Court, government spokesman Jesus Alvarado said.\nA growing number of Caracas’ residents think the protesters are carrying out an unprovoked attack. “It’s the situation of Venezuela that really scared them to come forward,” said Gasolina Taebrochas, 35, who was protesting.\nState media say at least one state employee, a man who was taken in at the scene of the clash, is now helping police with their search for the suspect.\nMaduro says he is justified in arresting opponents. But Chavista leaders have accused him of leading a “national crime syndicate” that committed “murder, intimidation and destruction of institutions.”\nVenezuela’s opposition downplayed last month’s clashes and dismissed Maduro’s criticism.\nOn Sunday, the caravans carrying thousands of protesters appeared to run out of control as supporters ran into police, sometimes threatening to storm the assembly building.\n']
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630
http://www.reuters.com/article/us-australia-media-idUSKBN1820AP
http://www.reuters.com/article/us-australia-media-idUSKBN1820AP
Australian media shakeup could provide huge M&A opportunity
null
null
['Peter Gosnell']
01-01-2021
reuters.com
null
success_wayback
gen
182,047
[0.949999988079071]
['A landowner runs a work site in Bundurna Street, near Darwin, Australia, February 2, 2015. REUTERS/Chris Helgren\nSYDNEY (Reuters) - Australia’s major media buyers are near the end of the investment period for their planned shopping malls, the moment when they can see the value of their buying power.\nThat is expected to be the case for even the world’s largest media groups, which could poach a few dozen properties in India, China, the United States and other big markets in a slow but increasingly promising year for international media ownership.\nIndia’s dotcom burst this month, leading to deep pre-Christmas buying as firms seek to boost their visibility overseas, aiming to add interest to their overseas buys.\nHowever, for Australia’s national advertisers, substantial investment is also at stake - and this year’s white papers on global media interests spell out potential opportunities.\nThe Star, the British entertainment daily newspaper owned by News Corp (NWSA.O), Australia’s largest newspaper and television group, reported an economic upswing in the second half of this year, with the revival in advertising revenue coming from the nation’s history of independence, growth in the overseas markets and affluent customer preferences.\n“It’s a very positive outlook for 2016, because it should be a banner year because both the domestic and international markets are growing,” said Macquarie media analyst Mark Ward.\n“U.S. and UK broadcast revenues are at a high plateau but advertising growth in these markets is still accelerating,” he said.\nFor all the publicly traded media firms’ bets, the Australian market’s undoubted share of global advertising growth is just seven percent, while that of the United States is 20 percent.\nSydney’s atypical big ad agency has been a source of funding for several major media companies in recent years, including Cox Communications, Fairfax Media and Telstra.\nIn the Australian broadcasting business, the largest of which is the Australia News media group, independent satellite network Foxtel has invested nearly a million dollars in expansion and cost cutting and has paid out an A$8 million ($7.99 million) payout for all interests in the Australian broadcasting group.\nSTRONG CONNECTION\nTNS - Follow the scale at FourSquare.com, where Times Deals has become a top 10 online deal to share personal finance tips\nBut, judging by the pulse of deals published by staff at Nine Entertainment Co Ltd (TEN.AX), including a wedding rights swap for a Maori broadcaster, there is strong symmetry between the Nine newsrooms and the media investment roadshow.\nNine’s hour-long “thin lineup” made for a hard-hitting contribution from policy wonks, while TEN’s decision to purchase a host of sites including BrightAustralia for about $100 million, Australasian publishers Shine Group and the Canadian online local news site Mother … is a highlight.\nLike Australia News, the New South Wales and Queensland newspapers have strong overlap with the Fox News Channel among media investors looking to benefit from Murdoch’s A$450 million ($165 million) Australian operation.\nMurdoch’s outsider, former Sky News boss Rupert Murdoch took over the Fox operation at the close of last year and is the company’s biggest investor.\nOverseas investors have become familiar with Australia’s newspapers and the the controversy that has surrounded Murdoch for over a decade. They have included local currency newspaper The Sydney Morning Herald and the Australian Financial Review, which owns newspapers in Victoria, New South Wales and Australia’s smallest state of Victoria.\nThe key difference between the two sides is the willingness to take risk in financing deals, suggesting that Murdoch’s side in Australia will have more leverage in approaching deals.\nSo far, Murdoch has been involved in a process designed to minimize the impact on the public value of his media holdings.\nThe Post Ltd (PCLP.AX) owner owned more than 20 percent of Wildvision Plc (Wildvision.NS) under a $325 million deal in late 2014, and now owns a 95 percent stake in Alqadwa Media Holdings Ltd, the same regional paper in Queensland.\nThe Financial Services Authority of Australia is awaiting a response to a draft legal application submitted by Wildvision under which the lender has asked for a declaration of partnership to ensure ownership of a media outlet.\n']
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631
http://www.reuters.com/article/us-usa-healthcare-idUSKBN1830SJ
http://www.reuters.com/article/us-usa-healthcare-idUSKBN1830SJ
Democrats criticize Senate’s all-male healthcare group
null
null
['John Whitesides and Sarah N. Lynch']
01-01-2021
reuters.com
null
success_wayback
gen
182,049
[0.949999988079071]
['(Reuters) - Five Democratic senators of several states where Democrats had primaries last year criticized President Donald Trump’s political party during a campaign for the Senate, the U.S. Senate’s most prominent Republican.\nU.S. Senator Tim Kaine (D-Va.) speaks during a party room meeting in a home in Greenbelt, Maryland August 9, 2014. REUTERS/Gary Cameron\nTheir criticism of the Clinton-aligned Washington-based Health and Human Services Department comes just months after Democratic Senator Dick Durbin of Illinois tried to tie Trump’s nomination of Ben Carson to massive Republican mistakes in the health care system.\nSenator Tom Carper of Delaware, a Democrat, said on Friday that Trump’s nominee was “absolutely wrong” when he said last month that Carson was unfit to run the country.\n“Obamacare and Medicare and Medicaid cannot continue to be funded by insurance companies. Donald Trump’s nominee is absolutely wrong when he says that program cannot be funding itself.”\nA long list of Democratic senators, including Senator Kirsten Gillibrand of New York, including Senator Kamala Harris of California, have also criticized Trump.\nDurbin said he believed Trump had promised to bring Americans along and was “in the best position to do so.”\n“Our Democratic Party has been participating in the presidential campaign solely on the basis of polls, in a campaign where the polls always show us losing this election,” Durbin said.\n“Senator Clinton has acknowledged that. She has also acknowledged that our nation’s health care system cannot be funded by insurance companies.\n“And, yes, I know that Donald Trump has pledged to overhaul health care,” he said.\nDurbin suggested that if Clinton won, “if Trump were to become president, no matter what, you would know to back off” on that promise.\n']
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632
http://www.reuters.com/article/us-israel-palestinians-hamas-netanyahu-idUSKBN1830YX
http://www.reuters.com/article/us-israel-palestinians-hamas-netanyahu-idUSKBN1830YX
Netanyahu tosses Hamas policy paper on Israel into waste bin
null
null
['Ori Lewis']
01-01-2021
reuters.com
null
success_wayback
gen
182,050
[0.949999988079071]
["FILE PHOTO: Israel's Prime Minister Benjamin Netanyahu gestures during an election campaign speech during the Israel Independence Day holiday in Jerusalem January 29, 2019. REUTERS/Ammar Awad/File Photo\nJERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu on Tuesday threw his verbal insults at Palestinian President Mahmoud Abbas, urging him to reject al Qaeda leader Osama bin Laden’s proposal for a peace deal with Israel in exchange for political settlement.\nIn a sign the two leaders are once again on the cusp of choosing a successor to Abbas after an Islamist militant group recently detonated a vehicle bomb at the entrance to the Israeli parliament, Netanyahu wrote on Twitter.\n“I request a meeting between Abbas and Hamas and an acknowledgement that we must be clear and set clear goals, in order to take the parties on board,” Netanyahu wrote in a letter to the prime minister posted on the official settler website Beit Hum.\nNetanyahu’s references to bin Laden, whom he has accused of bribing him during the 2008 Arab Spring, came at the time of the deadly strike at the diplomatic compound of a well-known al Qaeda leader.\nThe attack raised concerns among Israel and Palestinians and renewed calls for a Palestinian state by the end of next year.\nHamas has rejected Netanyahu’s letter, despite the symbolic tone of the message.\n“Let us not let ‘Israel’s Enemies’ live in fear of the coming Netanyahu administration,” Hamas in a statement.\nPalestinians’ statehood has little chance if anything of a peace process, analysts said.\n“Nobody on the Western mainstream considers the chances of Palestinian statehood with preconditions and they don’t even recognize the existence of Israel. They think this is a good thing to have and nothing else for Israelis,” said Haljuel Karyan, an Israeli analyst at the Jerusalem office of the Arab-Israeli Institute, which focuses on Israeli security issues.\n"]
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633
http://www.reuters.com/article/funds-sohn-idUSL1N1IA11S
http://www.reuters.com/article/funds-sohn-idUSL1N1IA11S
Property, merger bets dominate picks at Sohn conference
null
null
['David Randall and Svea Herbst-Bayliss']
01-01-2021
reuters.com
null
success_wayback
gen
182,053
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['(Reuters) - The nominees for the Sohn Foundation’s 87th annual meeting in San Francisco announced new combinations of building projects and deal-making opportunities at the country’s top hotelier.\nThe mix represented the strongest share rises in the top three voices at the annual gathering. Bruce Munger, chief executive officer of Marriott International Inc, a closely watched brand, hosted an invitation-only dinner for the world’s top hotel chain, with Hilton, Marriott and Fred Meyer opening up bids for Kimpton’s Savoy brand, which is at the center of high-profile rival hotel mergers.\nThe nominees for the list of 250-150 businesspeople from U.S. firms received at least $2.50 million each. The nonprofit event runs from Jan. 7-12 at the Fairmont Pacific Rim, South Park and Maria Riva buildings.\nWith the word mergers advancing by a wide margin, the bidders for Marriott’s Savoy brand jumped 9.5 percent to $171 million from the previous Sohn report published last week. It showed no surprises, with one of the two big hospitality firms, Hyatt, a major merchant, saying it was poised to announce a deal to buy Hilton.\nFred Meyer announced a deal to acquire InterContinental Hotels Group LLC, whose parent company InterContinental Hotels is a long-time partner in Marriott’s Savoy. The deal is expected to close in 2020, but should delay Marriott’s ambitious building plans for what it describes as “Mirror, Mirror” in its facility.\nHyatt, meanwhile, made its first bid for InterContinental’s Wolff Samuel division. The brand plans to combine its stake in Starwood Hotels & Resorts Worldwide Inc’s hotels with one of the brand’s partners, Marriott’s fourth “building and development” deal. That includes a building on the London Plaza residential tower and a possible hotel tower nearby.\nThe top five investors got about $111 million each, or 19 percent of the table of nominees.\nThree current Marriott nominees - Chris Costello of Marriott, Greg Comer of Hilton and Kelly Durrett of Fred Meyer - were well above their Street average.\nComer owns Marriott’s Marriott Dining Group properties, and Gordy Durrett owns Fred Meyer, MidOcean Enterprises, and Rent-A-Center. They were each given $900,000 or about two percent of the table.\nA third nominee, Larry Shapiro of Yucaipa Cos, was recognized as the largest single-dealer in Sohn history with $13.7 million. He became the 10th richest person in the world in November, after taking in an estimated $30 million.\nThis year’s investors fared even better. Technology consulting firm Ernst & Young said it expected the business community to achieve 25 percent growth from 2015 to 2021.\nBut Reis reported at the annual party that it saw fewer deals over the past year than at any time since 2012. Reis said the share of revenue revenues in the hospitality sector typically experienced their biggest drop in five years.\nThis year’s City Hall Meeting also drew a new host to Yucaipa, a financial consultancy run by its sole executive, Elzio Castañeda.\nThe University of California’s symposium, in which Yucaipa’s Ingenious Partners and Modifyy Software are panelists, looked at efforts to convert a clinic into a showplace.\nWhile the Central Committee has so far endorsed this sort of collaboration with the new business group, a few members indicated they still have reservations.\n“The things you’re trying to do are going to vary,” Vinder Swan, chief of the Yucaipa Capital Management Group, said at the eighth annual meeting. “They don’t have to have to have this new venture.”\n']
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634
http://www.reuters.com/article/us-funds-sohn-ackman-idUSKBN18423Z
http://www.reuters.com/article/us-funds-sohn-ackman-idUSKBN18423Z
Ackman pitches Howard Hughes, citing management and real estate locations
null
null
['Svea Herbst-Bayliss and Lawrence Delevingne']
01-01-2021
reuters.com
null
success_wayback
gen
182,054
[0.949999988079071]
['Jan 1 (Reuters) - Hedge fund manager WilmerHale is beefing up his real estate portfolio and has also named investment legend Howard Hughes Jr. and a former chief executive of Goldman Sachs Group Inc as his new investing managers.\nThe investment firm, led by hedge fund titan Jeff Siegel, is gearing up to spend $200 million on the company as it attempts to fund an acquisition and build out its home-building business, Joel Benenson, the firm’s chief operating officer, said in a statement.\n“We remain committed to expanding Howard’s presence in the real estate sector and this deal fits perfectly with this long-term strategy,” Benenson said.\nHoward Hughes is the world’s biggest publicly traded homebuilding company by revenue, which focuses on selling homes under an eight-unit and two-unit format.\nThe company owns 14 developments from Calgary-based Carson Block Corp . It is also reported to be in negotiations to buy the Real Capital and certain core-urban development properties from Simon Property Group Inc and Brookfield Asset Management LP.\nInvestment firm Third Point also disclosed separately that its private-equity arm, P3 Partners LLC, is evaluating a sale of certain assets of Lexington Properties Inc, adding in late 2017 to what is a growing list of potential deals that are being thwarted by valuation issues.\nLiliana Sarajevo is managing the revived Real Capital division at the hedge fund, said Andre Difrazo, the managing director at the boutique investment firm.\n“The real estate brokerage business is going through a transformation. This is all happening now and the challenges are large,” he said.\nReal estate investment trust operating revenue grew to $22.66 billion in the fourth quarter, from $15.95 billion the previous quarter.\nShares of the firm, which have risen 5 percent so far this year, were up 5 percent at $12.88 in midday trading on Wednesday.\n']
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635
http://www.reuters.com/article/us-france-election-idUSKBN1840GT
http://www.reuters.com/article/us-france-election-idUSKBN1840GT
France’s victorious Macron reminded of huge, immediate challenges
null
null
['Michel Rose and John Irish']
01-01-2021
reuters.com
null
success_wayback
gen
182,055
[0.949999988079071]
["PARIS (Reuters) - A defiant Emmanuel Macron came from a quiet victory party at the Elysee Palace on Wednesday, celebrating for a country-wide election whose political clout stands the test of time.\n“Goodnight everyone. Election is an important thing,” a smiling Macron said as he wept openly at the end of a long speech.\nThe success of a 2015 populist wave, triggered by a euro crisis that led to a euro zone exit and then a slow and unwelcome migration influx, marked a culmination of years of hard work and determination for France.\nThe president-elect said he felt so much responsibility for France that he wished he could add some hope.\n“And I think I am doing a much better job than just sitting there and thinking about it,” Macron said, pointing to his shared aspiration to create new jobs, fight crime and set the minimum wage up for all.\nMacron is handing power to an interim government led by his younger brother, Francois, the former economy minister and frontrunner for the leadership of France’s main opposition party.\nThe two he described as “very united” began preparations for the election to be held in late October.\nRelated Coverage France's Macron sees major challenge at last, faces tough tasks\nCOUPLED\nCouples are less than socialised across Europe, with people facing a skills gap in health care, education and work and divorce rates exceeding those across all groups and in many other ways.\nFrench voters and observers say a growing rebellion over the structural reforms and economic challenges the French authorities are carrying out has done some damage.\nMacron’s announcement came against a backdrop of anti-government sentiment and just days after becoming the first president in 44 years to put aside party differences and call a general election.\nHe also took tentative steps towards moving forward the euro zone-wide expansionary fiscal budget, which is key to boosting growth and Macron hopes to strengthen the balance of payments to cope with a euroskeptic ruling class.\n“France has worked hard,” Emmanuel Macron smiles as he listens to a television reporter as his speech at the Elysee Palace in Paris, France, January 1, 2021. REUTERS/Stephane Mahe\nVotes against Hollande’s Socialist government drove unemployment above 8 percent for the first time in 18 years and millions lost jobs.\nHollande’s conservative party, however, has the upper hand and could build on their December win over his party by appealing to anger at its former Prime Minister Manuel Valls.\nBut any momentum may end up being held back by Macron’s advantage, with his fight to change government more than likely to cause further divisions between his party and the wider centrist alliance which has been a partner.\nMacron’s early victory underscored his moderate stance on Europe and Europe’s many challenges. He has stated he would do more to push through reforms to the financial sector, defense and energy which have helped help French exporters.\n“PARIS WAS THE BEST ELECTION PRACTICE”\n“On all these matters, the first task is stability in the euro zone and the worst is a democracy in democracy,” he said.\nMacron didn’t himself mention the referendum, saying only the narrow electorate wanted to renegotiate the euro zone’s austerity programs.\nBut he also identified his social agenda as one he is likely to emulate.\n“I have been on my own, given time, as well as given my own particular vision, I will be the better candidate than the loser,” he said.\nHe said the European Commission was to complete its work on gender equality by Jan. 20, and that he was ready to quit after that.\n“But I feel more poised than I could ever have imagined two months ago,” he said.\n“The term democracy means being able to have a say in our political destiny. We have to expect, and demand, that if there is a coup, and for the European Commission to dissolve, that we will be entitled to withdraw from the project.”\n"]
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636
http://www.reuters.com/article/us-far-right-europe-commentary-idUSKBN18424R
http://www.reuters.com/article/us-far-right-europe-commentary-idUSKBN18424R
Commentary: Europe dodges a bullet, but far right dangers remain
null
null
['Peter Apps']
01-01-2021
reuters.com
null
success_wayback
gen
182,057
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['French Prime Minister Édouard Philippe in a speech at his official residence in Saint-Tropez, France, December 14, 2018. REUTERS/Yves Herman\nBy Peter Apps\nPARIS (Reuters) - The European Union has sought to avoid that painful 2015 crisis by presenting Europe with a shining new opportunity, ditching talk of a solution for Brexit but burying Europe\'s obstacles, Europeans said on Friday.\nProgress over the past decade has been uneven, with the euro zone\'s biggest economies maintaining positive growth but also creating more jobs and the size of its economy has expanded in Poland, Spain and Portugal.\nA series of heavy moves towards resolving the divisions may well do more to bolster Europe\'s economic prospects than diplomatic progress in sticking points with each other.\nYet agreement on strategy appears, on paper at least, to be well within reach, partly because Germany\'s Angela Merkel, leader of the European Parliament, and Britain\'s Theresa May both want to tackle their biggest political concern with resolve.\nThere is also the prospect of tougher terms, even if the only paths are with Britain leaving the bloc.\nEchoing recent German comments, Merkel said it would be politically tough to send a Brexit bill to parliament when the EU will meet in March. "A lot of common European ideals remain and a fair deal is a very positive outcome for the working people of the 28-country union," she said.\nBut a senior EU official said it could prove difficult to share a coherent policy "between politics and economics" because political divisions were a necessary condition of sharing the burden of an interdependent world.\nGOVERNMENT IMPITUDE\nCrisis-hit Greece is not next.\nMorocco is in the midst of a huge migration crisis. Neither president Salomon Jakobsen nor his counterpart Abdullah Ayoub have any new pledges for future migration policies, but the fight against the Islamic State militant group remains a major concern.\nThen there is Turkey\'s much smaller and far bigger, still small economy. The treasury stood up against repeated anti-immigrant attacks on its courts, customs unions and home councils.\n"You can\'t come and look at the progress of integration in Europe without asking about the past," Finnish Finance Minister Jyrki Katainen told Reuters.\nThat is not exactly in tune with policy makers.\n"We should debate every element of the European Union but my own feeling is that there is still a long way to go, which is very worrying," French Finance Minister Bruno Le Maire told the Thomson Reuters Foundation after a meeting with Finnish Finance Minister Naoki Inoki.\n"I\'m sure there will be a lot of success in building bridges in the Euro zone. But in the future, as in the past, we must have the right balance," he said.\nBut British Prime Minister Theresa May, who is seeking to reinvigorate a faltering U.K. economy, called for unity among European leaders ahead of the new year, adding that she welcomed "yesterday\'s rhetoric and every spirit of reform in the UK".\n"While we remain true to our old values, we also acknowledge that a pan-European compromise over Brexit ... depends on success," she said, without directly stating her position.\nThe European Commission, the European Parliament and the European Central Bank have been working on a strategy for ending divisions within the 27-member bloc.\nThis aims to stabilise a fragile economy but also "dealtous" with problem areas such as migration and foreign power, in order to work out a new policy framework.\nWithout a comprehensive plan, the EU and Britain would be at odds on how much to stick together, bankers and political analysts say.\nEurope would become extremely isolated if the bloc exit talks broke down. Far-right Marine Le Pen is campaigning on the anti-immigration Eurosceptic message from speeches in Morocco to Copenhagen, while the French government has called for withdrawal.\n"We stand with the people of Europe in ending the deadlock...but we also understand why we have to be flexible," said Swedish Prime Minister Fredrik Reinfeldt, who is pursuing a tough French economic policy.\n(Additional reporting by Edmund Blair and Jan Lopatka in Brussels; Writing by Paul Casciato; Editing by Toby Chopra)\nNeuer Inhalt Horizontal Line\nSWI swissinfo.ch on Instagram SWI swissinfo.ch on Instagram\n']
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637
http://www.reuters.com/article/us-kate-spade-co-m-a-breakingviews-idUSKBN18422S
http://www.reuters.com/article/us-kate-spade-co-m-a-breakingviews-idUSKBN18422S
Coach pays luxury price to catch up with LVMH
null
null
['Kate Duguid']
01-01-2021
reuters.com
null
success_wayback
gen
182,058
[0.949999988079071]
['A man walks past promotional art work on display at the Estée Lauder factory in New York, January 3, 2015. REUTERS/Brendan McDermid\nLONDON (Reuters) - Coach (COH.L) is reportedly ending a luxury spending spree by rewarding those caught up in sales during a tough Brexit campaign that has left big brands struggling to offer consumers.\nThe British luxury goods group said in November it was scaling back its shop opening programme after its annual report, which its investors will review on Tuesday, pointed to “difficult British conditions.”\nCoach chief executive Marc Bolland has seen his gross profit margin drop more than 80 percent, and it is not known how badly the economy is struggling to get back on track with demand for luxury goods abroad.\nBut some retailers are starting to adapt, and have begun to improve their operations as demands on them have become greater.\nCoach said on Monday it was finishing up a 10-year conversion to a fully-integrated digital media company and cutting one of its manufacturing facilities in Ireland.\nThe measures may mean some shops could reopen immediately but shoppers could see their price tags go up, according to statements by the luxury goods group published on Tuesday.\nBolland’s investment team was later seen walking into a luxury goods company in a tent at Estée Lauder, the firm’s biggest offices, for “long distance” talks, according to a person familiar with the matter.\nThe company said several shops were still operating and most of the factories were ready to go.\nCoach said Brexit-related costs were on the back of meeting the 2018 target of saving 0.5 billion pounds ($1.3 billion) during the year, or 7 percent of sales.\nBut as investors and staff draw closer to the end of the EU referendum campaign, Coach’s earnings have begun to diverge from market expectations.\nIts shares on Tuesday closed at close of trade on the London Stock Exchange. Its market value was 12.6 billion pounds in October.\nRevenue from sales of eponymous business was forecast to climb 19 percent at constant currencies in the current period to $18.5 billion.\nCoach is key to Coach International’s transformation into the biggest global fashion brand. Sales rose 10 percent in its U.S. division and rose 5 percent in its worldwide operations.\nCoach has promised to make spending in Britain in line with its rivals in the near term, with Britain’s 5.8 percent tax rate seen slowing over the next couple of years.\nAlso under its leadership is former CEO Marc Bolland, now its head of global strategy.\n“Conceived in the context of a Brexit vote the UK clearly offers a different scenario. The status quo of current trade status is the asset to trade status. Whatever the Prime Minister will do is outside her power,” Neil Jones, analyst at Gimme Credit in London, said.\n']
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638
http://www.reuters.com/article/us-neimanmarcus-m-a-hudsonsbay-idUSKBN1840F8?sp=1255
http://www.reuters.com/article/us-neimanmarcus-m-a-hudsonsbay-idUSKBN1840F8?sp=1255
Exclusive: Hudson’s Bay taps debt adviser amid Neiman Marcus bid challenges - sources
null
null
['Jessica DiNapoli and Lauren Hirsch']
01-01-2021
reuters.com
null
success_wayback
gen
182,059
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["NEW YORK (Reuters) - Hudson’s Bay Co (HBC.N) is putting an adviser on loan restructuring or debt restructuring as part of an effort to renegotiate distressed debt at its sale-leaseback and warehouse business, two sources familiar with the matter said on Tuesday.\nA Hudson’s Bay logo is pictured outside the company's Hudson's Bay Jewelery in Belmont, New York October 31, 2014. REUTERS/Brendan McDermid\nThe CaC & Co division of Hudson’s Bay’s parent chain may also be seeking a senior legal adviser to help with strategic and economic issues at the 40-year-old business, the sources added.\nAn announcement on the potential restructuring could come as early as Wednesday or Thursday, the sources said. Hudson’s Bay did not immediately respond to a request for comment. The source was not authorized to discuss the matter publicly and declined to be identified.\nHudson’s Bay faces a regulatory and legal battle over whether it sold or backed shares in its private-equity-backed land and real estate unit Far West Real Estate Services LP to Brookfield Asset Management LP last year.\nHudson’s Bay said in October it could not be reached for comment on the Brookfield deal. Brookfield declined to comment.\nHudson’s Bay did not identify a firm that may be seeking a senior legal adviser as part of its efforts to renegotiate debt at its sale-leaseback and warehouse business, and that its staffing, besides David Burke, could be updated, further adding to the uncertainty surrounding the purchase.\nThe sources said Hudson’s Bay would seek a valuation in the range of $2 billion to $3 billion with an end-date of December 2020, including term loan and revolver terms and free debt service expense, with a net incremental purchase price of about $1.5 billion.\nBorrowing a $900 million term loan would likely be three years late and would add to the debt load of Hudson’s Bay, which is considered a strong symbol of the housing market recovery. It has committed to issuing about $400 million in fiscal 2019 and $600 million in fiscal 2020.\nMore than two years after the party-line public objection to listing Far West shares, Hudson’s Bay’s debt is likely to rise in the coming quarters as interest payments and borrowing costs swell and trying to renegotiate debt come tax season, two of the sources said.\nThe private-equity-backed warehouse business gets about 70 percent of its cash flows from sales, but under constant bidding for debt before the sale-leaseback and warehouse and warehouse companies’ respective equity portfolios, there can be huge amounts of exposure.\nSources said Hudson’s Bay Chief Executive David Burke was attempting to renegotiate the debt within the next few months to avert a fresh round of spending cuts by the retailer that could kill its investment-grade credit rating.\nHudson’s Bay took a $800 million hit from an accounting overhaul when its 4.5 percent ownership stake in the inventory-directing business goes after $1.1 billion in capital and $200 million in interest.\n"]
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639
http://www.reuters.com/article/us-usa-trump-comey-idUSKBN1852MV
http://www.reuters.com/article/us-usa-trump-comey-idUSKBN1852MV
Trump fires FBI Director Comey, setting off U.S. political storm
null
null
['Steve Holland and Jeff Mason']
01-01-2021
reuters.com
null
success_wayback
gen
182,060
[0.949999988079071]
["WASHINGTON President Donald Trump on Friday fired Deputy Attorney General Rod Rosenstein and FBI Director James Comey as Washington’s top law enforcement officials scrambled to try to find a way out of the crisis.\nRosenstein, Trump’s former national security adviser, was named acting FBI director in the wake of a May 2017 memo by Deputy Attorney General Rod Rosenstein criticizing Trump for firing top intelligence officials.\n“I made a set of very public decisions, two my own and one of my closest friends and colleagues personally, and people felt really uncomfortable,” Trump told supporters after pulling back from a deal with congressional leaders to oppose sanctions against Iran.\n“So, together we made a great deal of progress and we are going to get this done,” he said.\nComey left his post in July after weeks of testimony before Congress. He was fired as Trump’s top prosecutor in July amid media reports of Rosenstein’s remarks.\nTrump asked Rosenstein to release the memo without adding names, a top aide said.\nThose frustrations boiled over at the time when Trump said he would personally fire Rosenstein.\nThe memo was released a week after Rosenstein’s firing and in early January a senior FBI official in the division said Rosenstein did not know if Trump has a legal obligation to fire Comey or Rosenstein. Rosenstein was not immediately available for comment.\nThe White House would not confirm or deny whether Trump would fire Rosenstein. However, it appeared to hold out the prospect of a defection of top FBI officials to other factions.\nOn Thursday, the FBI's director declined to offer an immediate commitment to ending the bureau’s probe into Russian meddling in the 2016 presidential election, effectively signaling it would not refer Trump's probe.\nIn an interview with “Fox News Sunday” on Friday, FBI Director Christopher Wray reaffirmed the bureau’s investigation into possible collusion between Trump’s campaign and Moscow.\nU.S. President Donald Trump is seen as being unsympathetic to Russia's influence in the 2016 presidential election campaign. (Reporting by Steve Holland and Jeff Mason; Additional reporting by Steve Holland; Editing by Tim Dobbyn)\n"]
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640
http://www.reuters.com/article/us-usa-biofuels-icahn-idUSKBN18522R
http://www.reuters.com/article/us-usa-biofuels-icahn-idUSKBN18522R
U.S. Democratic senators seek probe into Icahn’s biofuel credit dealings
null
null
['Timothy Gardner']
01-01-2021
reuters.com
null
success_wayback
gen
182,062
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['WASHINGTON (Reuters) - Democratic senators are taking stock of shareholder pressure to subpoena Tim A. Icahn to testify about his 2012 investment in biofuel firm PennantPark BioPharma Corp (PTP.N).\nFILE PHOTO: Icahn emerges from a warehouse at the Tech Center in New York City, New York, U.S., September 22, 2017. REUTERS/Brendan McDermid/File Photo\nA Democratic senator in Washington last month demanded the firm answer questions related to its funding of Sarbanes-Oxley accounting reforms and whether Icahn, a close financial ally of activist investor William Ackman, paid substantial fees when the firm was brought up.\nRepresentatives for Icahn and PennantPark declined to comment on Senator Elizabeth Warren’s pending inquiry. The letter also asks the firm to publicly identify every penny of the $3.3 billion received.\nThe subpoena has sparked a protest by Icahn and a growing political backlash.\nIn a rare public rally in 2016, Icahn announced his public retirement in order to end his acrimonious battle with activist investor William Ackman over the company.\nThe hedge fund billionaire introduced a policy change to prevent outsiders from taking ownership in what became known as Calamos. The move prompted a raucous public response.\nSandler O’Neill & Partners LP late on Tuesday asked the Senate financial services committee to subpoena Icahn for a second attempt at a possible third attempt at a shareholder hearing.\nThe letter asks Sandler to provide Icahn with “any information or evidence” that suggests he improperly placed himself in financial conflicts of interest and also seeks to compel Icahn to reveal whether the firm knew about his investment in PennantPark.\nThe advisers to Sandler said in a statement that they were disturbed to learn that Icahn’s appearance on “Obscene Questions” on Tuesday could be seen as a violation of ethical guidelines.\n“In light of the fact that Mr. Icahn may have profited by taking more than $8.7 million in fees, A.F.K.’s message to Mr. Icahn, as well as Mr. Icahn’s own testimony and cooperation, is not the first time he has acted inappropriately,” Sandler added.\nA PBI spokesman did not immediately respond to a request for comment.\n']
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641
http://www.reuters.com/article/us-washington-nuclear-idUSKBN18524M
http://www.reuters.com/article/us-washington-nuclear-idUSKBN18524M
Tunnel collapses at Washington nuclear waste plant; no radiation released
null
null
['Tom James and Scott DiSavino']
01-01-2021
reuters.com
null
success_wayback
gen
182,063
[0.949999988079071]
['WASHINGTON/WASHINGTON (Reuters) - A tunnel collapse at a U.S. nuclear power plant that earlier sparked concerns of radiation leaks at the nation’s largest and newest generator stunned enough neighbors to funnel attention toward the crisis.\nFILE PHOTO: Workers stand on the inside of a underground tunnel at Fayetteville National Laboratory (NFL) in Fayetteville, North Carolina, U.S., December 6, 2018. REUTERS/Chris Keane/File Photo\nA spokeswoman for the Nuclear Regulatory Commission said Saturday that the shutdown at Fayetteville-based Advanced Nuclear Technologies Group (NSTG) prevented “significant negative health effects” from radiation released from the Argonne National Laboratory’s underground fission reactor facility.\nThe last in a series of tunnel collapses have been no surprise to National Lab officials, who had been concerned about nuclear leaks at the facility.\nSince 2016, a few leakages at the Fayetteville campus of the Argonne National Laboratory (ONL) prompted heightened safety standards at many U.S. nuclear power plants.\nOn Oct. 27, just after midday, a hole from the pipeline pipe underneath the plant opened up and darkened the gray smoke from a broken containment boat. A short time later, the leak at other valves in the pipeline revealed radioactive elements from the nuclear fuel. The source of the leak was not named.\nThe two leaks opened up the tunnel at ONL. They reopened in early 2018 in response to requests from the Nuclear Regulatory Commission and the Department of Homeland Security. However, they only “supported increased inspections and controls,” the agency said in a statement.\nAs a precaution, employees and the agency’s inspectors responded at 12:01 a.m. EST, updating them to the overall risk from the leaks.\nOn Oct. 31, an employee at ONL reached another elevated pressure pipe at the building and evacuated an adjacent structure, according to a temporary fence near the building. It was not immediately clear if those sections of the fence may have contained radioactive material.\nThe NEHRD began working to restore the tunnel “to its required standard through all available measures,” according to the agency statement.\nThe NRC hasn’t said if a hole was found, but NNEX says the situation began at 11:30 a.m. local time when there was a leak at some parts of the shuttered underground facility.\n“As a precaution, all employees and the community have been notified and prepared to act upon this incident,” NEHRD said in a statement after the tunnel collapse.\nContaminants from radioactive iodine and cesium-131 are suspected in the tunnel leaks, though no evidence of pollution has been detected at the facility, the NRC said.\nThe leaking structure was accompanied by a “contained stoppage” in the normal operation of the tunnel and activation of a control room and a risk management tool, which would allow for an inspection to occur in case there was any leakage, the agency said.\nThe NRC blamed the leak on a “small number of leaking nuclei,” allowing ESG to avoid detection.\nBased on ESG data and the acceleration of the capping fire that exposed the hole in the tunnel fire, it was possible that there may have been fragments of the leaking ceiling, a source of more radioactive material that officials have not said is present at the tunnel.\nFAYUA CONNY SALTHER #1FNTG SafeWorkandCare #HAPWithStormFire #2015 Press Release 25:04-21\n']
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642
http://www.reuters.com/article/us-usa-crime-hernandez-idUSKBN1851WX
http://www.reuters.com/article/us-usa-crime-hernandez-idUSKBN1851WX
Massachusetts judge overturns Hernandez’s murder conviction
null
null
['Scott Malone']
01-01-2021
reuters.com
null
success_wayback
gen
182,064
[0.949999988079071]
['BOSTON (Reuters) - Massachusetts’ highest court on Friday overturned the conviction of a former Boston sports betting executive who confessed to killing a man with a machete in the death of a police officer in 2013, calling on the state’s top prosecutor to “reconsider the case.”\nFILE PHOTO: A Massachusetts state trooper is led away in handcuffs after being shot by a suspect in a fatal shootout in Halifax, Massachusetts in this April 25, 2010 file photo. REUTERS/Kenny Pickett/File Photo\nU.S. District Judge Victor Marquez in Boston rejected an offer by the Massachusetts Attorney General’s office to return the crime committed by John Boylan to local authorities for evidence in a 2013 investigation into the killing of Boston Police Officer Timothy Diamant, according to a statement on Friday by his office.\nMarquez will not consider the offer on appeal, the statement said. He is rejecting it on the grounds that the Massachusetts Supreme Judicial Court improperly conferred professional recognition on state prosecutors who did nothing wrong and did not expose Boylan to legal risks.\nBoylan’s lawyer told Marquez earlier this week that Boylan agreed not to testify in a trial that is scheduled to begin in March and that he had conducted a series of crucial interviews in an effort to ease his problems.\n“The Massachusetts Supreme Judicial Court is not a member of a court of law,” David Samuels, who represented Boylan in the case, told reporters. “The state already gave the attorneys a hearing before then.”\nBoylan’s attorneys have repeatedly warned Marquez to withhold “retaliation” against him in their decision to uphold Marquez’s decision to acquit Boylan.\n']
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643
http://www.reuters.com/article/us-mideast-crisis-usa-kurds-idUSKBN18525V
http://www.reuters.com/article/us-mideast-crisis-usa-kurds-idUSKBN18525V
U.S. to arm Syrian Kurds fighting Islamic State, despite Turkey’s ire
null
null
['Phil Stewart']
01-01-2021
reuters.com
null
success_wayback
gen
182,065
[0.949999988079071]
["FILE PHOTO: A file photo shows the Al-Masdar City sub-station in Syria where separatist separatist groups have camps, Islamic State fighters are thought to be hiding in an area of Damascus. REUTERS/Muhammad Hamed/File Photo\nWASHINGTON (Reuters) - U.S. Defense Secretary James Mattis on Monday signed an agreement with Turkey to help train a Kurdish-led fighter group in Syria.\nThe U.S. alliance, under President Donald Trump’s authority, joins the group in the fight against Islamic State, which is suspected of being controlled by its Syrian Kurdish allies, according to officials and Turkish media.\n“This is vital,” Mattis said on the sidelines of a world forum on U.S.-Turkish relations. “Our political disputes are always important and inevitably prick people’s memories.”\nAl-Masdar was founded in 2006 and has fought against Islamic State for years, but Kurdish militants and their supporters in Syria and Iraq have pushed back since the war began two years ago.\n“We are providing a two-way level of defence. We’ve seen success and we are giving this financial investment,” Mattis said, adding that Turkey has contributed some $60 million over the past 18 months.\nDuring the ceasefire agreement signed by Turkey and the Syrian Kurdish region last month, Washington and the Syrian Kurdish force Nusra Front have concluded an agreement that will provide technical support to the group.\nSecuring Turkey’s permission to help the group is also part of a broader agreement between Washington and Ankara to keep alive the Syrian Kurdish independence movement, which has led to a bitter civil war and plotted thousands of deaths in the conflict.\nThe United States has backed the Kurdish fight against Islamic State, including the Nusra Front as well as part of efforts to topple Syrian President Bashar al-Assad, and the Kurdish autonomy movement has spread to parts of central and eastern Syria.\nDiplomats said they believe the North Atlantic Treaty Organization (NATO) has taken this step to prevent a deterioration of the transatlantic alliance.\nRussian Foreign Minister Sergei Lavrov confirmed the U.S. arms sale to the Kurds. Lavrov, who met with his Turkish counterpart on Monday, called on Ankara to consider ways to send more arms to the Kurdish group.\n“We can’t accept a thing the way we’ve seen it,” Lavrov said, adding Turkey and Syria would become tougher enemies for the alliance.\nAs well as Turkey, other Turkish sources said the deal marked the first time the U.S. was helping the Kurdish group carry out credible military efforts in Syria.\nThe U.S. “goes beyond imposing a near-total blockade of a narrow range of strategic sea, air and land routes” in the fight against Islamic State, said David Albright, NATO vice chief of staff.\n“Turkey’s understanding is that the Iranian nuclear deal with regard to the production of ballistic missiles is a major deterrent for ISIL,” Albright said.\nSyrian officials said the talks between Turkey and the YPG, the umbrella group of the Kurdish Democratic Union Party (PYD), and the Syrian Kurdish People’s Protection Units (YPG) had drawn little response from Washington.\n“Turkey has repeatedly made clear it does not view YPG as a terrorist organisation. We will not talk to YPG on the basis of the Americans,'” the Syrian delegation’s representative, Maysat Omer, told Reuters.\n"]
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644
http://www.reuters.com/article/us-walt-disney-results-idUSKBN1852FL?il=0
http://www.reuters.com/article/us-walt-disney-results-idUSKBN1852FL?il=0
ESPN concerns drag on Disney, shares dip
null
null
['Lisa Richwine and Rishika Sadam']
01-01-2021
reuters.com
null
success_wayback
gen
182,068
[0.949999988079071]
['(Reuters) - Disney Co’s stock dropped to a two-month low on Thursday as the sports news website ESPN reported fourth-quarter results that came in below expectations.\nThe former Standard & Poor’s 500 stock was down about 4 percent at $60.51 in afternoon trading in the New York Stock Exchange.\nInvestors also issued demands for a higher dividend, saying the company was losing its dominance in sports and late-season scheduling problems with marquee games at some of the hottest sports in the country.\nThe company was forced to cut the size of its books a day after it announced weaker-than-expected fourth-quarter earnings. It cut its annual dividend by 23 percent to $0.958 per share.\nIn the runup to Tuesday’s earnings report, the company said its core cable services, excluding ESPN, showed a substantial, but lesser, decline compared with the fourth quarter of last year. It also said that football season was nearing its end, raising concerns that the company’s big lineup risks being underpriced.\nDisney said it expects to report “significantly underperform” operating profit in the coming months and would pay a $6.75 per share tax benefit in the second quarter related to the previously announced return of the federal income tax rate.\nThe declining stock price comes as financial pressure on companies such as Comcast Corp (CMCSA.O) and Verizon Communications Inc (VZ.N) has increased since Comcast last announced a $45 billion buyout offer.\n“It is very difficult to imagine that a company could continue to increase the dividend payout ratio and that at the same time preserve an undervalued core business for all shareholders at a time when revenue growth has slowed,” said Robert Stallard, senior portfolio manager at Capital Advisors LP in Cherry Hill, New Jersey.\nDisney has always said its core cable services are a key driver of its revenue.\n“We tend to get high marks for mergers and acquisitions over the long term, and that has reflected in both the high level of buyouts in recent years and the low level of mergers-and-acquisitions,” said Jason Bolz, a portfolio manager at Sprig Capital LLC in Dayton, Ohio.\nOn Wednesday, Disney disclosed it would buy the WWE business from Electronic Arts Inc EEA.O, or EA Sports, for $3.8 billion.\nAmid rumors of a possible deal, Disney has said it would have to generate enough cash in order to pay an 8.25 percent dividend payment to the U.S. government.\nWith uncertainty about the likelihood of a second deal topping $15 billion, investors were likely to want to see more detail about how the strategy is being positioned.\nDisney shares were down 2.8 percent at $72.36 in afternoon trading in New York.\nThe company forecast about 16 million mobile video subscribers in 2020.\nShares of Intel Corp (INTC.O) fell 4.7 percent to $31.83.\n']
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645
http://www.reuters.com/article/us-usa-healthcare-idUSKBN1852RP?il=0
http://www.reuters.com/article/us-usa-healthcare-idUSKBN1852RP?il=0
Senators on defensive over all-male healthcare panel
null
null
['Susan Cornwell']
01-01-2021
reuters.com
null
success_wayback
gen
182,069
[0.949999988079071]
['WASHINGTON (Reuters) - The U.S. Senate on Monday dropped a health care insurance panel that was challenging President Donald Trump’s plans to repeal and replace Obamacare in the latest move on the Republican-led Congress to defend the legislative milestone.\nU.S. Senators Ben Cardin (D-Md.) and Mark Warner (D-Va.) are seen during a Senate Commerce Committee hearing at the Senate Commerce, Science, and Transportation Committee hearing room in Washington, U.S., January 1, 2018. REUTERS/Yuri Gripas\nThe Department of Health and Human Services’ consumer protection subcommittee had previously joined the House of Representatives panel in rejecting Trump’s request for repeal of former President Barack Obama’s 2010 Affordable Care Act.\nA week after Republicans won the House, as part of their filibuster strategy on Tuesday, stripped the panel of the GOP’s powerful majority in a procedural move, the Senate delayed the vote and asked the White House to enforce the law as soon as possible.\nHealthcare stakeholders including insurers, doctors, employers and some patients who say they have been harmed by Trump’s plan to roll back the health law blamed the bill for future disruptions to their coverage. The provision might have affected some 22 million Americans.\nDemocrats said the U.S. Senate committee was stuck in history by upholding its own last-minute Republican-led Obamacare rule, forcing it to keep appealing to the more moderate Democrats who have long lined up against the administration.\n“What’s really troubling about today’s decision is that, if passed, they’re essentially preventing a bipartisan panel in the House from working for change,” said Kent Simmons, president of the American Hospital Association.\nSome Democrats have been disappointed with the House and Senate Commerce committees’ support for the bill, which Trump has touted as his bipartisan blueprint to replace the law and to create a single-payer health care system. He also blasted the White House during a visit last week.\nPresidential ties with both Republicans and Democrats traditionally have led to high ratings for their congressmen. At least six Republicans have been nominated to run the committees.\nThe fate of the committee’s proposal could decide the fate of the Trump administration’s drive to repeal the law, which comes into force on Jan. 1.\nFILE PHOTO: U.S. senators Mark Warner and Mark Warner testify before the National Committee on Health, Education, Labor and Pensions (NCDH) at the Senate Commerce, Science, and Transportation Committee hearing room in Washington, U.S., January 1, 2018. REUTERS/Yuri Gripas\nRepublican leaders at the House and Senate panels said they would abide by Democratic opposition.\n“The debate over the Republican health care legislation is a distraction, not a campaign,” said Representative John Dingell (D-Mich.) in a statement, referring to Trump’s calls for a repeal of the Affordable Care Act.\nDemocrats seized on Wednesday’s procedural move by the Senate to change the proceedings.\n“This is not a moment for politics. It is an opportunity to demonstrate to the American people that if their health care is not their most essential benefit, they will not change. It is a leap into irrelevance that my colleagues and I have been doing,” Rep. Debbie Wasserman Schultz (D-Fla.), chairwoman of the Democratic leadership, said in a statement.\n“It is disappointing that Democrats have now changed the pace and pushed this resolution into the waiting room, preventing a responsible resolution on health care,” Democratic Senator Maria Cantwell of Washington, another top Democrat, said in a statement.\nSeveral top Republicans have said they will not support the proposed health care legislation.\nIn a House vote late on Tuesday, Senate Republicans blocked passage of the bill.\n']
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646
http://www.reuters.com/article/us-southkorea-election-idUSKBN1852LI?il=0
http://www.reuters.com/article/us-southkorea-election-idUSKBN1852LI?il=0
New South Korean president vows to address North Korea, broader tensions ’urgently’
null
null
['Ju-min Park and Jack Kim']
01-01-2021
reuters.com
null
success_wayback
gen
182,071
[0.949999988079071]
['SEOUL South Korean President Moon Jae-in has vowed to address remaining North Korea issues — including alleged US moves to strengthen ties with Russia — as well as the "urgently" needs of South Korea and the United States, where tensions have been rising for several years.\nNuclear threats between Pyongyang and Washington have escalated over the last year after Washington and Pyongyang in November and December announced joint military exercises that could deepen their dispute over the nuclear-armed North.\n"On the face of it, we\'re still in the very, very thick of the Korean War," Moon told an AP news conference. "We can deal with the issue matter independently. But they have the right to make the state."\nMoon said any meeting of military leaders on South Korea, Japan and the United States would be a "candid show" aimed at visiting a summit between Trump and Xi and "everything that goes on in the world, and don\'t extend a bid to any single point."\nNorth Korea has responded with a threat of massive anti-aircraft attacks against the South, which it says is in a bid to destabilize the Korean peninsula. Its fiery rhetoric in the past year has infuriated Seoul, which is furious over North Korea\'s nuclear test last week.\nSigned by then president Kim Jong Un, South Korea and Washington in December signed a treaty to further formalize "collective exercise control" — aimed at nudging other powers closer to North Korea.\nMoon said: "I strongly believe that there are serious issues that must be solved as a whole, and in order to address the internal affairs, I will discuss them with the whole the country."\nTrump has sharply criticized Moon for his stance on North Korea after he warned his predecessor as president that the U.S. leader was "totally and totally out of touch" with the region.\nTrump has pushed back on South Korea\'s stance on missiles and nuclear tests, offering detailed details during his recent trip to South Korea on Monday.\nMoon said South Korea will reinforce its defense measures for the UN Security Council so that a greater focus on the region can be put on North Korea.\n"Please remember South Korea and Japan have always been big supporters of freedom, democracy and human rights," Moon said. "Thank you for your support."\nMoon said he was "deeply shocked" by North Korea\'s announcement that it had sent letters to the United States and Europe threatening to destroy its nuclear facilities if the U.S. and its allies ignore what it sees as the country\'s "daily belligerence."\n"We are very much on an urgent trajectory. The fundamentals of the Korean peninsula are still a very fragile condition," Moon said.\nMoon himself has faced increasing pressure from the United States and its allies, including China, in recent weeks for sanctions that Pyongyang has sought to enforce on North Korea.\nMoon vowed to highlight South Korea\'s efforts to help curb the North\'s nuclear weapons while also reinforcing military cooperation.\n"I still think the North is trying to make a deus ex machina by its actions, even more so in the struggle for peaceful nuclear technology," he said.\nNorth Korea on Wednesday issued an unusual statement in response to Trump\'s comments about some of the measures measures in the deal reached in December.\n"(The North) now has full legal options to prove its innocence," a statement by the statement read. "I would urge the U.S. not to allow things to get out of hand."\n(Reporting by Ju-min Park; Additional reporting by Tom Finn and Jeunghun Park; Editing by Andrew Roche)\n']
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647
http://www.reuters.com/article/us-usa-airlines-electronics-icao-idUSKBN1852F9?il=0
http://www.reuters.com/article/us-usa-airlines-electronics-icao-idUSKBN1852F9?il=0
U.N. aviation agency seeks global approach to laptop ban
null
null
['Allison Lampert and Tim Hepher']
01-01-2021
reuters.com
null
success_wayback
gen
182,072
[0.949999988079071]
['WASHINGTON (Reuters) - The U.N. aviation agency said on Thursday it has formed a unit with partners to look at public-private partnerships to encourage access to U.S. technology and to stop misuse of laptop aircraft by pilots.\nIn a paper released by the agency, a group of researchers said technology "is of critical importance because it can help protect human life."\nThe unit at the U.N. aviation agency will work to implement the Inter-County Communications Exchange, an initiative that focuses on promoting cooperation in the aviation business.\n"The unit will advance efforts to develop and explore opportunities for partnerships that will put air traffic in the hands of pilots, military personnel and other stakeholders," the researchers said.\nThe idea came about in 2016 as the U.N. and European Aviation Safety Agency launched an initial research program aimed at connecting emerging technology, like microchips and electrical adaptors, with aviation in the industry.\nU.S. National Transportation Safety Board Director Robert Sumwalt said he was eager to establish partnerships with aviation stakeholders.\n"I\'m sure our U.N. colleagues understand the international and domestic safety issues associated with the world\'s only passenger computer," Sumwalt said.\n"Just like the automobile, it\'s at the heart of many regulatory practices and many commercial aviation companies understand and expect to have access to the same high-tech technology we have today as well."\n']
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648
http://www.reuters.com/article/us-usa-trade-ross-idUSKBN1852E4?il=0
http://www.reuters.com/article/us-usa-trade-ross-idUSKBN1852E4?il=0
U.S. Commerce’s Ross says 3 percent GDP growth not achievable this year
null
null
['David Lawder and Jennifer Ablan']
01-01-2021
reuters.com
null
success_wayback
gen
182,073
[0.949999988079071]
['WASHINGTON (Reuters) - The United States needs to grow faster to add 4 percent to GDP this year than in 2017, and 3 percent if the United States are to avoid another recession, Commerce Secretary Wilbur Ross said on Tuesday.\nA Washington sign as workers walk along Interstate 80 on June 12, 2007. REUTERS/Larry Downing\nRoss, who takes over the Commerce Department on January 1, said he aims to run the department as efficiently as possible on a $304 billion budget that aims to help small businesses, business owners and homebuilders.\nBut economists have questioned the department’s ability to do more than spur economic growth by creating jobs. The Obama administration, amid shrinking U.S. exports, exited the manufacturing sector in 2009 after a downturn that dragged down its economy, creating nearly 3 million jobs.\n“Right now we haven’t got the tools to slow the decline and certainly we haven’t had the tools to stop the decline in our economy,” Ross told reporters in the East Room of the White House.\nThe Trump administration has suggested that it would like to see the administration accelerate growth at an annual rate of 3 percent.\nRoss said that the 10-year U.S. average growth rate for exports, because of demographic factors, will be about 3 percent this year.\nAn annual pace of 3 percent would be below the 6.4 percent that Ross has stated the economy is not growing at, Ross said.\nBut Ross said it was too early to say for sure why exports are slowing in the current environment.\nSo far this year, in contrast, the U.S. trade deficit has fallen to $9.8 billion, and manufacturing, that driver of domestic industry, is not expected to shift much from its current 3 percent pace, Ross said.\nBut that has also been a drag on the U.S. economy, Ross said.\nPresident Donald Trump has called for slashing government spending. Treasury Secretary Steven Mnuchin recently said Trump’s tariff proposal has added 1,000 jobs over the past five months and a source who has been in contact with officials in the White House told Reuters Trump has “not made his strategy” to lower trade deficits.\n']
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649
http://www.reuters.com/article/us-markets-forex-bitcoin-idUSKBN1852DL?il=0
http://www.reuters.com/article/us-markets-forex-bitcoin-idUSKBN1852DL?il=0
Bitcoin surges to all-time high above $1,700
null
null
['Gertrude Chavez-Dreyfuss']
01-01-2021
reuters.com
null
success_wayback
gen
182,074
[0.949999988079071]
['NEW YORK (Reuters) - The digital currency bitcoin XRP (BTC) surged nearly 16 percent on Tuesday, its largest daily jump in a decade, to an all-time high above $1,700 a coin.\nIt was still trading above the psychologically important $1,000 mark when it emerged at the open. At the same time, trading volume surged to over 12.5 million tokens from less than four million on Monday.\nCash in some bitcoin exchanges has increased dramatically in recent days, bringing in more than $2 billion since November, according to CoinDesk.\nIt was among the largest daily percentage gains among major cryptocurrencies in the past two months and outpacing surging markets and U.S. stock prices.\nBitcoin prices have risen nearly 20 percent in the last three months, on average, after surging about 40 percent in 2016 and more than 50 percent in the previous two months alone.\nJack Ma, founder of China’s Tencent Holdings Ltd, said on Monday his company would buy up to 90 percent of bitcoin exchanges “in anticipation of further systemic upregulation.”\nAnalysts have said bitcoin could be the next big thing in payment technology.\nBitcoin has risen about 65 percent since the beginning of last year, despite poor holiday sales and regulations that prevent it from gaining momentum.\nBSE Japan said on Tuesday that it would buy 100,000 bitcoins worth more than $300 million.\nSign up for our daily email briefing on bitcoin news, delivered straight to your inbox. The pinnacle in its ascent is out.\n']
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650
http://www.reuters.com/article/us-brazil-politics-pensions-idUSKBN1851OW?il=0
http://www.reuters.com/article/us-brazil-politics-pensions-idUSKBN1851OW?il=0
Brazil Congress still has no date for pension reform vote
null
null
['Anthony Boadle']
01-01-2021
reuters.com
null
success_wayback
gen
182,075
[0.949999988079071]
['BRASILIA (Reuters) - Brazil’s Congress is still not set to vote on President Michel Temer’s sweeping pension reform plan until after the Lunar New Year recess in March.\nFILE PHOTO: Transport Minister Romulo Muleta (not pictured) and former vice president Roxane Rosa Marques (not pictured) leave after meeting with Brazilian President Michel Temer at the national police academy in Brasilia, Brazil September 28, 2017. REUTERS/Ueslei Marcelino\nSpending the 2017-18 legislative session, assuming the current system is intact, will raise millions of a Brazilian family’s retirement income by $1.7 billion annually, the largest overhaul in the nation’s history.\nBut the issue of reform is still in limbo because Congress has yet to endorse or approve the reform, which was first outlined in President Michel Temer’s manifesto in September.\nSince late last year, Congress has been at a standstill due to a leadership vacuum. President Donald Trump, who reiterated on Tuesday he did not support the plan, has also weighed in.\nCongressional lawmaker Paulo de Zayas, a partner in the consultancy firm Longwall, said lawmakers had once been firm about the timing of approving the reform, but the deal was not there yet.\n“We were not clear as of a few days ago,” he said.\nThe pension reform has broad support from the ruling Workers’ Party, a leftist Party of Social Democracy which campaigned on reforming the job market, but the opposition is divided between supporters of raising taxes and opponents of the pension reform.\nBut the past year has been especially painful for the economy, which contracted 8.4 percent in 2017 despite higher income levels, at a time when the country is struggling to return to growth and building on a boom in exports.\nThere was a row over funding Temer’s preferred budget, which includes revenue from a sale of state-run oil company Petrobras to China’s Sinopec Corp. Temer’s reform seeks to return Petrobras to profit.\nOpponents fear that $2.1 billion has already been paid to a group of state pension funds that have been bailed out by the public.\n']
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651
http://www.reuters.com/article/us-usa-trade-ross-environment-idUSKBN1852QH?il=0
http://www.reuters.com/article/us-usa-trade-ross-environment-idUSKBN1852QH?il=0
U.S. Commerce chief says EPA permits top regulatory ’hit list’
null
null
['David Lawder and Kevin Krolicki']
01-01-2021
reuters.com
null
success_wayback
gen
182,076
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['FILE PHOTO: EPA Administrator Scott Pruitt conducts a meeting with Ivanka Trump and Nick Hague at the White House in Washington, U.S., January 17, 2017. REUTERS/Joshua Roberts/File Photo\nWASHINGTON (Reuters) - The Environmental Protection Agency Administrator Scott Pruitt has chosen among 24 agencies “as one of the top top priority programs” to cut in importance, a senior administration official said on Monday.\nThe EPA is the 18th agency in the United States to appoint Pruitt, the former Oklahoma attorney general, although the agency would not confirm the selection.\nHowever, Pruitt, 60, has made it known he considers both the agency and the federal regulations his top priority.\n“The Administration recognizes the health and environmental health and safety of all Americans,” said Aleta Timmons, the Trump campaign’s senior director for public policy, in a statement.\n“This will be in the agency’s hands for the next two years as President Trump and EPA work with Congress and Congress to give people access to clean air, clean water, and good governance with friendly local and state partners,” Timmons added.\nPruitt has said his focus is “having a strong relationship with the EPA Administrator.” But in September, he weighed in on the EPA’s controversial Clean Power Plan, saying he would seek guidance to protect the environment and the environment of states “if a federal agency that regulates mercury exposure from power plants or certain heavy metals.”\nEPA officials could not be reached for comment on the decision to nominate the policy decision panel to the panel of EPA commissioners, according to executive order from the Trump administration.\nThe decision won’t be announced until Friday.\nSkeptics on Capitol Hill have pointed to Pruitt’s dissence on key EPA policies, such as overseeing massive construction projects, as potentially a sign he has now moved to favor lower regulatory efforts.\n“There was a pattern here,” said Congressman Mike Thompson of Missouri, a Republican and a critic of EPA. “The way he was voting didn’t look particularly solid in any regards. And it does seem like the last few years he’s moved to favor the at least declining power plant emissions program, which was the case with the carbon capture program.”\nKevin Krolicki, a spokesman for President Donald Trump, said: “The president is committed to protecting clean air and climate. Scott Pruitt has been both a long-time EPA administrator and a true team player with a great track record of working collaboratively with the agency on key issues.”\nPruitt has not apologized for his political views but his decision to appoint a different administrator represents a step back from the actions many Republicans at times have criticized.\nDemocrats said the move reinforced their view that Pruitt’s political views set in stone.\n“This is a move by another supporter of the regulatory agenda from the Oval Office,” said Representative Jackie Speier, a Democrat and Democratic member of the House Energy and Commerce Committee.\n']
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652
http://www.reuters.com/article/us-china-economy-property-overseas-insig-idUSKBN1850WY?il=0
http://www.reuters.com/article/us-china-economy-property-overseas-insig-idUSKBN1850WY?il=0
On Gatsby’s North Shore, Chinese luxury home buyers pause
null
null
['Koh Gui Qing and Elias Glenn']
01-01-2021
reuters.com
null
success_wayback
gen
182,077
[0.949999988079071]
['MOSCOW/LA HONG KONG (Reuters) - For hundreds of years, Chinese and Hong Kong consumers shopped at an extravagant Pyongyang. The wealthy western visitors made their way to the celebrated Magnificent Seven-era Palace of Versailles for a lavish dinner in North Korea where many more arrived.\nChinese tourists watch as a ferry, a symbol of the royal Customs Council, flies by as passengers attend the closing ceremony of The Palace of Versailles in Pyongyang, North Korea, August 10, 2017. REUTERS/Tyrone Siu\nThen there is Beijing, where western tourists spend big on luxurious refurbishments that more clearly signify their country’s growing wealth and influence in global affairs.\nThe Hong Kong markets, Japan and Southeast Asia have experienced steady growth in the last decade, fuelled by a lively mix of local, Western and Chinese luxury goods, including sunbathers and amusements.\nBut as these investments fade, many Chinese consider North Korea to be increasingly key to their economic future. A Reuters investigation has revealed such considerations as the high number of individuals living in a once-mighty mobile city in Pyongyang, the sky-high prices of the food gizmos inside, and fears of sluggish economic growth in the North.\nA Chinese shop owner holds a circular in Pyongyang, North Korea, August 15, 2017. REUTERS/Tyrone Siu\nTrade links\nDespite economic prosperity, Beijing has experienced a slowed pace of net inward investment, last year accounting for just 2.8 percent of China’s total imports, fewer than half the 10 percent that it invested as a country, in the 11 months to Sept. 30.\nBut Beijing’s ambitions for North Korea have stepped up recently in a burgeoning partnership among China, Russia and the United States and their international counterparts.\nCentral to China’s growth is the $50 billion ($56 billion) Chinese University of North Korea gift on land the university leased from the then Soviet Union’s then leader, Yushan Kim, during his lifetime.\nChina has poured millions of dollars into the university and is now providing it with the machinery used for its research. Last summer, KMT, a reclusive state state which owns five sections of property, invested another $2.2 billion in a North Korean compound that has developed into a lavish resort.\nThe sum was almost completed in just three months but some property developers are concerned that a falling property market in North Korea could become a real asset.\nA Chinese villager and his daughter move into their home following their arrival in Pyongyang, North Korea, August 8, 2017. REUTERS/Tyrone Siu\n“North Korea is a project that is already a big question mark,” said Xiaofeng Yan, chairman of a Beijing-based property advisory firm.\n“Its culture is no longer reminiscent of Hong Kong - where a lot of Chinese bought HK$2 billion to $3 billion of real estate - so these developments are coming at a difficult time in China’s economy.”\nThe University of North Korea said on Friday it planned to build the second Hyang Forest Village site of the university and Yongsan. However, no further details were available on the development in North Korea.\nFurther indications that Chinese and Hong Kong readers might be heading to Pyongyang are that most top tier Chinese companies, including those run by State-owned Korean Management Co., is scouting for next-level North Korean ventures.\nLocal film magnate Hanyu Chuan, whose F1 racing business is based in North Korea, has recently expressed interest in the Guangzhou Five Wines and Lotte Group’s stake in the Kangkol Brewery.\n“When you see the resemblance between Hong Kong and North Korea, I think that the investors will like it,” said Greg Baker, chairman of Tokyo’s XLIF. “You’ll see the capital prepared by Beijing, that he’s leaving North Korea.”\nBaker said that Chinese hotels and restaurants are considered sources of wealth by many of the city’s elite, particularly because of Hanyu’s involvement in the university business.\n“These investments will be very valuable for the Chinese businesses, because they will be high in quality but low in price,” he said.\n($1 = 7.4350 Chinese yuan renminbi)\n']
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653
http://www.reuters.com/article/us-china-silkroad-northeast-idUSKBN1852PQ?il=0
http://www.reuters.com/article/us-china-silkroad-northeast-idUSKBN1852PQ?il=0
For one Chinese city, new ’Silk Road’ leaves old problems unsolved
null
null
['Sue-Lin Wong']
01-01-2021
reuters.com
null
success_wayback
gen
182,078
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['TOKYO, Jan 1 (Reuters) - Few ambitious efforts in recent years have yet been made to turn the massive construction of a new Silk Road trade route into a viable work-related activity, but for the tiny Chinese city of Chongqing it has changed in size and architecture.\nThe city on the southern edge of Beijing started construction on the new Silk Road route in 2010 and is more than 80 years old. But the 2020 deadline has yet to be met, leaving the sprawling stretch of concrete transitway to accommodate rising population.\nI visited Chongqing in early 2018, a month after being invited by China’s ruling Communist Party, to meet representatives of the government at its provincial headquarters.\nAside from its decades-old transitway, there is also the potential of helping Chongqing in a number of other ways.\nRight now, the two-hour “4 buses” (around half an hour) that take 40 travellers a day to China’s capital are being refurbished, the country’s oldest single-lane expressway still running off the Sun Yat-sen route, which forms an unprecedented alliance of transportation hubs.\nMore modern buses lie nearby, and the online platform powered by its namesake “Sun Yat-sen” taxi network has emerged as a cornerstone of the new Chinese transport platform.\nChongqing’s eight-lane expressway is bound up with a variety of interchanges and passenger centers. Many are just off the roads, meaning fewer than a tenth of the 1.6 million people who take mass transit a year live within 100 km (62 miles) of the capital.\nBut from the fall of 2012, it was transformed into an expanse of mid-rise apartments, shopping malls and hotel facilities. It opened up to the rest of China in 2014, becoming the world’s most populous city.\n“This is a building that is incomplete,” said migrant workers at another Chinese state-owned firm, Beijing-Haug Fenxeng Group, when Chongqing opened in July.\nHere, they do not walk freely or even move around to meet private tour groups, however the endless walkways and hairpin turns allow it to serve as a visitor’s haven.\nThe Chongqing Roundhouse Tourist District (BITSD) built with money from China’s annual tourism tax, also has a visitor centre, a gourmet restaurant and a cafe in a well-equipped coastal park.\nBut each building lacks tall columns and squares on which to move. The eye-catching colours that decorated the three main rooms of the building - red, red and red were mostly done up in yellow when I visited - are fading into light. The longer windows are destroyed, forcing me to look to the horizon.\nFor the drive from the upmarket Eastside to the tourist hub of Hengqing, I saw a section of trade links with the USA. Shortly after Beijing joined the Belt and Road Initiative in 2008, Chongqing made its maiden trip to land a star-studded Exposition of Chinese newspapers, magazines and automotive components. (r.reuters.com/csut38t)\nSikhs at the Civic Centre, where car parts from dealerships are scattered around the courtyard, say the series of restaurants provided by Alibaba, Amazon and Uber have heightened the local feeling.\n“China is fast becoming a trading hub, and large businesses are entering the region,” said Hiroyoshi Nishioka, 33, who owns a supermarket and sells imported high-grade perfume. “But unfortunately so many of the big investments and exciting new ideas come from this part of China.”\nResearch group e-tsenushi, meanwhile, have produced a report calling for collaboration among small business in Chongqing and others in China’s industrial heartland.\nSome trace the lift back to the effort to create a replica Silk Road, or the Eurasian Exchange, said HKITS division president Shao Gao.\nThe trade corridors - held up by infrastructure projects that power China as well as the structure of the Silk Road - are the key lever for Beijing to ensure maximum growth and maintain the planned geographical reach of the corridors, he said.\n“To come out of the beltway tunnel is what you need to do. So you need communication. You need to send out information. You need to have energy at the heart of those corridors,” Shao told Reuters.\n']
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654
http://www.reuters.com/article/us-britain-eu-energy-idUSKBN1852Q3?il=0
http://www.reuters.com/article/us-britain-eu-energy-idUSKBN1852Q3?il=0
Britain should stay in EU energy market in Brexit transition deal: think tank
null
null
['Nina Chestney']
01-01-2021
reuters.com
null
success_wayback
gen
182,079
[0.949999988079071]
["LONDON (Reuters) - Britain should not remain in the EU’s market “at any cost” in the phase-out of the bloc’s energy sector by quitting the bloc entirely, the Europe think tank ISS Group says in a research report published on Tuesday.\nFILE PHOTO: Britain's Prime Minister Theresa May delivers a speech at the EU summit in Brussels, Belgium October 28, 2018. REUTERS/Francois Lenoir/File Photo\nBritain enjoys broad consumer protection against tariff shock from being locked out of the European market and pursuing its own nationalised energy sector while remaining in the bloc, as it did under the former European Union, under an extension of the bloc’s single market.\n“If a transition to EU EU energy is made compulsory for Britain, it may well become financially unviable for Europe,” said ISS Group Managing Director Justin Beiss.\nEU President Donald Tusk said in July the bloc should allow Britain to become a member in its own time to revisit the British and European Union energy market, providing it even “solidarity with the British national interest at a time of crisis”.\nHowever, Britain should stay in a single market over a period of about 18 months to smooth out the transition, according to ISS, which compiled the research.\nThere is no clear timetable for how the UK, which pulled out of the EU in March 2016 after a decade in which it has admitted no problems with its EU membership and still faces some 20 million euros ($21.8 million) in tariffs each year, will decide how its energy policy will be used in the long-term.\nThe UK’s energy portfolio, which is predominantly dominated by shale oil and gas, is expected to remain regulated by the EU for at least a decade, according to the report, in the hopes of more efficient electricity generation that could allow a shift to natural gas and renewables.\nShale gas is estimated to be the largest fuel by 2020, after nuclear fuel.\nThere are potential routes for setting energy demand and prices in the future, due to huge differences in gas and coal consumption, according to ISS. Britain could have different energy objectives under the new rules, and needs to revise its own energy strategy, it said.\n“The regulatory, procurement and regulatory framework for imported and hybrid fuels will remain the same,” according to the report.\nIt suggested a mix of renewable energy and nuclear power.\n“UK taxpayers, commercial investors and investors in energy remain heavily reliant on energy as a leading source of economic growth, employment and livelihoods in our local and international markets,” it said.\n“A more dynamic and sustainable competitive market will remain necessary, as there will be no price stability in any long-term contract for fuel used by British energy,” the report said.\nBritain needs to decide on who will be regulated in the future, as competition from Chinese and other large rivals has risen.\nThe report criticised the European Union for adopting a policy of “rapid regulation of energy bills”.\n“The EU should acknowledge the valuable services and safeguards that energy consumers and businesses can expect from EU regulation,” it said.\nThe European Commission will determine the rules to be applied by the end of 2019.\n"]
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655
http://www.reuters.com/article/us-china-banks-strategy-analysis-idUSKBN1852PF?il=0
http://www.reuters.com/article/us-china-banks-strategy-analysis-idUSKBN1852PF?il=0
As China’s banks swap corporates for retail borrowers, risks rise
null
null
['Engen Tham']
01-01-2021
reuters.com
null
success_wayback
gen
182,081
[0.949999988079071]
["WOCHDU, China (Reuters) - Publicly traded companies which include giants such as China’s top lender, state-owned banks are being asked to swap company loans to larger borrowers for consumer loans.\nFILE PHOTO: An investor stands next to China's acting Chief Executive of Industrial and Commercial Bank of China Li Yunsao at a news conference in Hefei, Hebei province, China, November 30, 2016. REUTERS/Stringer/File Photo\nAt present, borrowers with more than a five-year fixed-rate fixed rate credit card loan who are opting for consumer loans or bank loans usually require cash to offset debt payments.\nThis allows banks to force companies to loosen their grip on low-cost, low-fee financial product, like loans or home equity loans, one of the main ways to check the profitability of their businesses.\nHowever, these channels are less profitable for firms than their borrowers, leading to issues such as difficulty providing financing and effectively switching them to another provider.\n“The shareholder perspective that might be created to give them a condition for moving to another provider’s bank is still unclear,” said a senior banking banker, referring to what the banker sees as a common aspect of trade promotions for term deposits.\n“In a liquidity stress scenario, the borrower may need to make one of the issues even bigger than the lender has.”\nThe big banks are highly leveraged businesses. The amount of money they carry must be loaned to the borrower, to new borrowings and in addition to that, they can balance or buy the debt against debt.\nCompanies such as China’s state-owned lenders are selling securities that are used to refinance their debt or provide financing for purchase of property. Instead, they switch to consumer credit card loans to repay some of their cash, for instance, or offering a other product to get back some of the underlying cash.\nThe change-the-turn approach shows how China’s banks are tapping into a lot of consumer credit, whether it’s made up of food, clothing or local government credit cards, to fund purchases and make up for less qualified loans.\nAt a recent brokerage conference in Chicago, Treasury Secretary Steven Mnuchin said financing banks would be encouraged to swap CMBS to buy CMBS backed home mortgages.\nAsked to explain the rationale, Mnuchin, who oversees the U.S. financial system, gave a hypothetical example.\n“If you drive 60 miles an hour for your car and you get an OK in the Treasury Department, the government is going to take your payments,” he said.\nMnuchin added that the country would eventually be able to repatriate a portion of cash savings it is drawing back, and that the Federal Reserve would keep borrowing costs on a stable level.\nOne analyst said the government could end up retaining money from the bond market when the new presidential administration takes office, as banks are keen to keep money under lock and key, even if rates on the safest investments like home equity loans rose.\n“It has to be linked to economic conditions, so any accumulation of a basic financial security, you can be on hold,” he said.\n"]
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656
http://www.reuters.com/article/us-usa-congress-tax-idUSKBN1852OL?il=0
http://www.reuters.com/article/us-usa-congress-tax-idUSKBN1852OL?il=0
U.S. Senate finance panel unlikely to support import tax: chairman
null
null
['David Morgan']
01-01-2021
reuters.com
null
success_wayback
gen
182,084
[0.949999988079071]
["(Reuters) - The U.S. Senate Finance Committee is unlikely to support a proposal to tax imports from China and other countries for some period of time, a chairman of the panel said on Tuesday.\nFILE PHOTO: U.S. Senator Al Franken (D-MN) speaks at the Women's Economic Equality Summit in Washington, U.S., January 5, 2017. REUTERS/Jonathan Ernst/File Photo\nIn an interview with CQ Roll Call, Chairman Charles Rangel called it a “dumb idea” and said that the bill “is only the beginning.”\nSeveral Senate Democrats have signaled they would support the effort, which is expected to ultimately pass the full Senate.\nIn December, Senators Jeanne Shaheen and Ron Wyden said they would not support a final bill raising the country’s trade barriers with more diverse nations.\nA vote could come sooner rather than later, after trade wars and political pressure from the Washington Post and Wall Street Journal last week.\n“There will be a battle before the next president on trade,” Rangel said. “We’re still in a period of very rapid negotiations and progress. The thing we’re prepared to do is give the president a period of time, get that discussion going as far as possible, get it done.”\n"]
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657
http://www.reuters.com/article/us-usa-tribes-energy-idUSKBN1852OA?il=0
http://www.reuters.com/article/us-usa-tribes-energy-idUSKBN1852OA?il=0
U.S. lawmakers seek looser energy development rules for tribal lands
null
null
['Valerie Volcovici']
01-01-2021
reuters.com
null
success_wayback
gen
182,085
[0.949999988079071]
['FILE PHOTO: Supporters of the Native American tribe Ojibwe head in front of U.S. President Donald Trump during a rally at the Walmart store in Jackson, Mississippi, November 15, 2017. REUTERS/Ashley Helgren/File Photo\nWASHINGTON (Reuters) - Two U.S. House members on Thursday proposed new regulations to protect tribal lands that would reduce greenhouse gas emissions and lower air pollution and preserve local economies and local communities.\nThe proposals, which require further environmental assessment and protection for tribal lands by the Interior Department and were released at a meeting with environmentalists, include a provision in an amendment to a 2009 law that would require tribal nations to reduce their carbon footprints by 30 percent below 1990 levels by 2020 and 1.2 percent below 1990 levels by 2050.\n“The tribal nations on this issue deserve better than what they have just been through,” U.S. Rep. Jared Polis, a Democrat, said at the Friday afternoon meeting in Washington, the second in a series.\nThe proposal will take effect next year and would take effect until 2020, with environmental benefits starting in 2018. The state Department of Transportation, the same agency that oversees rural airports, would also have to approve tribal land purchases to prevent droughts, two congressional aides said.\nThe environmental protections were contained in a new Interior Department assessment of tribal sovereign lands used in construction, generating $6.7 billion for tribal programs in fiscal 2017, nearly half the total value from the Obama administration, according to the ranking Democrat on the oversight committee.\nThe industry has opposed the proposed rules for several years, saying the rules are too broad and obscure the mission of the agencies, who work under the auspices of Congress.\nThe White House last year designated Indian lands as a federal wilderness area. In the last year, a bipartisan majority of two-thirds of Republicans and Democrats agreed to end an Obama-era legal challenge.\nThe Interior Department is not required to adequately assess tribes’ need for energy, the officials said, but through the review it will do so.\nLisa Slagle of advocacy group the Sierra Club and Gary Carr of the Wilderness Society shared House Democratic member Tony Posnanski’s concerns.\n“We can only hope that the committee’s efforts will advance significant changes to the U.S. environmental policy regarding Indian lands,” they said in a statement.\nSlagle said the administration is required to remove environmental regulations by the end of the 2021 budget year, which Congress has not been able to do.\nEnvironmental advocates declined to comment on the proposal, which was released after a recent meeting with tribal leaders.\nThe Department of Interior told the Senate Environment and Public Works Committee last week it plans to create clean coal, oil and gas development zones for use in tribal lands, as well as elevated natural gas gathering, storage and transportation systems.\nRepublican Representative Lamar Smith of Texas asked Environment and Public Works Committee Chairman Mike Rogers, a Republican from the Interior Department, for the committee’s attention. He has introduced a companion measure.\n']
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658
http://www.reuters.com/article/us-usa-wikileaks-manning-idUSKBN1852AN
http://www.reuters.com/article/us-usa-wikileaks-manning-idUSKBN1852AN
Intelligence leaker Chelsea Manning speaks out ahead of prison release
null
null
['Chris Kenning']
01-01-2021
reuters.com
null
success_wayback
gen
182,088
[0.949999988079071]
['WASHINGTON (Reuters) - The officer who secured information about WikiLeaks founder Julian Assange from WikiLeaks, said on Thursday she was heartbroken by news of Manning’s release from a penitentiary and offered a strong defense for the release of a number of diplomatic cables as part of a prosecution of WikiLeaks.\nJulian Assange (L) and WikiLeaks founder David Manning (C) meet with U.S. Rep. Michael McCaul (R-Texas) and other representatives from states including Utah, Colorado, Florida, New Mexico, Oregon, Pennsylvania and Texas, during a congressional hearing on Capitol Hill, September 23, 2013. REUTERS/Stephen Lam\nJulian Assange, the pseudonym of WikiLeaks founder Julian Assange, said they delivered the cable on a recent visit to Washington, D.C., between 4 a.m. and 8 a.m. ET and met with U.S. Ambassador to the United Nations Nikki Haley and several other officials to discuss the technology and intelligence at issue in Manning’s sentence for passing classified information to the website.\n“It’s been very hard for me to understand what’s going on, to know what’s going on. I don’t know what to do next,” Manning said on Thursday.\nShe said that in terms of assessing legal options, this was still an isolated case. Her two associates were part of a group, another would be released on Tuesday and the third would be released on Friday.\nAccording to Manning, the disclosures could have major repercussions for U.S. foreign policy, could put U.S. relations with China in jeopardy, potentially destabilize the Middle East and could weaken relations with Russia.\nOpponents of the prisoner’s release, which opponents say infringe on American liberties, have called the journalist’s release the “oil of the motherland.”\nManning has publicly admitted to violating military and state secrecy laws, and the removal of all other classified materials from WikiLeaks since 2014 has drawn fire from online activists, along with those seeking the extradition of Assange. He was arrested in Ecuador’s London embassy in 2013, at a time when New York filed an extradition request.\nIn a Sept. 24 interview on the John Jay College of Criminal Justice, Assange, 60, said his assessment of his arrest had shifted from a taped conversation with his embassy to a subsequent criminal warrant. He said that due to Manning’s status as a Wikileaks recipient, his work was destroyed.\nSpeaking to reporters, Assange said he found similarities between the two.\nOne of the differences, he said, was Manning had arrived from the Middle East, which he believed “dominates” his operations, and had a credible network of NATO allies in Afghanistan and NATO’s allies who believed that the U.S. was sponsoring Russian proxy wars.\n“I believe that she was a 21-year-old guy coming over to the Middle East, ” he said. “She made her name by being the WikiLeaks heroine.”\nManning has maintained that she posed no threat to national security, and said it was simply the latest chapter in a legal battle that began when she was given a visa to leave the United States when she applied for asylum in Ecuador.\nEcuador has granted her asylum, and Manning has said she wants to remain there. A request from U.S. officials, which are seeking to extradite Assange, is still pending.\nAsked if the article in the London embassy tabloid in July that Assange told Washington he planned to end his life was true, Manning said: “By the way, in my mind it just wasn’t true,” and “I’m not going to discuss anything else, it’s not true.”\n']
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659
http://www.reuters.com/article/us-britain-election-may-idUSKBN1852EK
http://www.reuters.com/article/us-britain-election-may-idUSKBN1852EK
Bins, cooking, the bedroom: Britain’s May offers glimpse of private life
null
null
['Elizabeth Piper']
01-01-2021
reuters.com
null
success_wayback
gen
182,092
[0.949999988079071]
['LONDON Britain’s Prime Minister Theresa May was one of the few May sisters to be open about her private life when she took her position as foreign secretary in December. But it was this kind of openness from her public defender, Ann Widdecombe, in May’s office, that was very much her real life.\nMay herself was unaware of her private life until she landed in the West Midlands with her husband, her close partner Stephen, and four of their seven children when she was asked to share a room at home with the couple’s two children.\nThe former British minister was public at a time when Britain was undergoing a brutal recession, racked by the effects of the Financial Conduct Authority’s (FCA) ban on banks owning companies with an interest in their firms. In her spare time, May was constantly fascinated by the stage sets, the orchestra, actors and other invited guests gathered in her office.\nThe world’s most powerful woman was intrigued by the kitchen, where she would cook food for the three children and move her desk between rooms, all in the bright, crisp designer environment of a country house in the East Midlands.\nMay has often criticized public security services, fearing the intrusion of the security services into her private lives. Her desire to create the “single Britain” shone through during a Guardian interview last year, in which she said all three children would attend the home on their own.\n“What’s more, it was an entirely open kitchen,” May said.\nA House of Commons committee in May described the three-bedroom home as “creative, inventive, sociable” but said she would also like to have more baby apartments than a regular home.\nThe home’s cabinet member for culture and the public works department, Andrea Leadsom, said in May’s office that May hoped to be close to the home - held in a council housing estate by the council, with little opposition - in the future.\nMay’s office said the parliamentary committee would not speculate on how much the additional space would cost, but expressed concern about the timing of the extension of an existing council-owned housing association.\nMay herself is the longest-serving member of parliament of Britain’s 2017 parliamentary minority, having held the office from 1998 to 2012.\nShe was a bridesmaid at the December wedding of royal couple Prince William and Kate Middleton. Asked whether May shared an apartment with her family, a Downing Street spokesman said: “No, she did not.”\nIt is possible that May was unaware of her family’s private lives until after the taxman’s nearly 150-day probe into the mortgage fraud scandal that engulfed Royal Bank of Scotland was closed in October 2016.\n(Editing by Elizabeth Piper)\n']
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http://www.reuters.com/article/us-berkshire-biberk-idUSKBN18528N
http://www.reuters.com/article/us-berkshire-biberk-idUSKBN18528N
Buffett’s fledgling biBERK pursues online insurance ’experiment’
null
null
['Jonathan Stempel']
01-01-2021
reuters.com
null
success_wayback
gen
182,094
[0.949999988079071]
['(Reuters) - Billionaire Warren Buffett’s personal insurance company, First National Bank of Omaha (FIBA.N), has partnered with software maker Stack.com to test a computer program to aid insurance agents in selling health plans online, it said.\nBuffett, the largest shareholder of ISACA, disclosed his intention to invest in tech companies after a string of bankruptcies over the past few years that have slashed the ranks of insurance agents.\nBuffett previously gave up stakes in the Internet-savvy venture, which he says is credited with helping Fortune 500 companies grow their online businesses.\nOn Tuesday, First National Bank of Omaha said the computer program, open to anyone but those in the United States, is a one-time testing test to assess the “how extensively different databases of existing and possible insurance policies will evolve online to serve new commercial real estate clients.”\nBerkshire Hathaway Inc (BRKa.N) has also announced plans to launch one of its most popular online services, Validus Re’s (VRNG.O) Guaranteedlife Property Business, and two insurance companies, Alterra Property Holdings Ltd and Man Group Inc’s Property Transfers and Travelers, which it acquired last year.\nThe companies provide Medicare and Medicaid programs to small businesses to sell insurance on online systems. An insurance industry spokesman said this was “only one of many possible solutions” to the problem.\nSome insurers have required insurance agents to carry a particular type of health plan, such as a surgical or dental, in order to offer them plans that will have much more consumer coverage.\nBuffett, the CEO of Berkshire Hathaway, is known for offering ambitious investment ideas.\nFirst National Bank of Omaha said its partnership with Stack.com, which operates apps for life insurance and homeowners insurance, is to be signed later this year.\nThe case is In re: Bonaventure Plc See www.bbonaventure.us/lan/cvof/fraud/Auburn\n']
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661
http://www.reuters.com/article/us-usa-stocks-idUSKBN1851AV
http://www.reuters.com/article/us-usa-stocks-idUSKBN1851AV
Wall Street loses oomph but Apple crosses $800-billion mark
null
null
['Noel Randewich']
01-01-2021
reuters.com
null
success_wayback
gen
182,095
[0.949999988079071]
["(Reuters) - World stocks fell on Wednesday but indexes rallied ahead of earnings reports from semiconductor gear maker and telecoms operator AT&T Inc and insurer General Electric Co.\nFILE PHOTO: A trader looks at the electronic board displayed in the company's logo as it is traded on the floor of the New York Stock Exchange, March 26, 2013. REUTERS/Brendan McDermid/File Photo\nShares of cellular and wireless equipment equipment makers Apple and AT&T set their quarterly share prices, thanks to strong results from mobile phone makers Samsung Electronics Co Ltd and China Mobile Corp.\nSears Holdings (SHLD.O) rose 2.2 percent after reporting strong sales and earnings, while telecom firms KeyCorp (KEY.N) and Akamai Technologies (AKAM.O) topped expectations.\nWall Street opened in positive territory after the Federal Reserve said it is likely to raise interest rates next month despite its plans to trim borrowing costs and revive an economy the Fed has struggled to revive.\nThe S&P 500 Index <.SPX> closed up 0.23 percent at 1,568.81, while the Dow Jones Industrial Average <.DJI> rose 0.45 percent to 19,357.55 and the Nasdaq Composite <.IXIC> rose 0.22 percent to 4,544.13.\n“They (Apple and AT&T) go hand in hand. These are three big companies that have great prospects,” said Rob Kapowiak, managing director at Aquilence Markets in New York.\nOther Wall Street issues such as Fiat SpA FIA.MI (FCHA.MI) and AOL Inc <AOL.O) also came in well ahead of their earnings, at least in the short term. Analysts estimate Fiat’s Fiat SpA AT.TO earnings for the fourth quarter to beat analysts’ estimates.\nInsurers were mostly supported after Deutsche Bank said that three of its seven largest bond funds have increased holdings in high-yield bonds, including Wells Fargo & Co and UBS.\nShares of insurer General Electric rose 0.8 percent, to $8.16 a share. The Dow Jones Industrial Average <.DJI> finished up 1.5 percent at a 13-month high.\nThe Dow Co Index <.DJI> closed 0.29 percent higher at 24,023.55, the S&P 500 Index <.SPX> reached a five-week high, and the Nasdaq Composite <.IXIC> finished up 0.23 percent at 3,528.13.\nAdvancing issues outnumbered declining ones on the NYSE by a 3.6-to-1 ratio; on Nasdaq, a 1.11-to-1 ratio favored advancers.\nThe S&P 500 posted eight new 52-week highs and seven new lows; the Nasdaq Composite recorded 52 new highs and 95 new lows.\nAbout 6.3 billion shares changed hands on U.S. exchanges, compared with the 6.8 billion daily average over the past 15 sessions.\n"]
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662
http://www.reuters.com/article/us-global-markets-idUSKBN185027
http://www.reuters.com/article/us-global-markets-idUSKBN185027
U.S. dollar, yields rise; stocks slip from record highs
null
null
['Dion Rabouin']
01-01-2021
reuters.com
null
success_wayback
gen
182,098
[0.949999988079071]
['Jan 1 (Reuters) - The U.S. dollar strengthened against the yen on Tuesday and posted its first gain in two weeks as the U.S. Federal Reserve raised interest rates, mostly on the monetary side, in a bid to reduce its budget deficit.\nThe dollar index against a basket of major currencies fell 0.2 percent, climbing just shy of the previous record close of 100.877 hit last week. It marked its first loss since Oct. 19.\n“This surprise policy move has removed some risk of an early rate rise,” said Stephen Innes, trader at Oanda in London.\nThe Fed raised its benchmark rate by 25 basis points to a range of 0.75 to 0.75 percent, while showing no change in how it sees the euro zone and UK economies. The Fed said it has an “overall bias” to raise rates sometime in the second half of 2019.\nMinutes from the Fed’s December meeting showed there was no change in the outlook for economic activity and inflation, and a continuation of the near-zero rates that the central bank has put on record for a number of years.\nThe central bank cut its main interest rate by 25 basis points and the bank’s preferred inflation measure by 25 basis points in November. It raised the benchmark rate by another 25 basis points to 0.50 percent at the end of December.\nA Reuters poll of economists in December forecast the Fed would hike rates three times this year. But the consensus was that the U.S. central bank would at least raise rates twice more this year.\nThe dollar held firm on Monday against the euro, weakening against the dollar, and the yen and breaking its six-week drop, also helped by data showing the economy grew at a solid pace in the fourth quarter.\nThe U.S. House of Representatives, Senate, and governor of the Bank of Japan all pushed ahead on rate rises. However, analysts said they remained sensitive to any potential spillover into the other markets.\nAgainst the yen, the dollar slipped to 81.40 from an 8-1/2-month high of 81.58 touched on Jan. 2. The euro declined to $1.3472 from the previous session’s high of $1.3410.\n“Speculators are increasingly approaching the well-received tapering of the Fed, and if the pace of increased rate support starts to slow a lot more profit should flow into the currency area,” Rabobank analysts said in a note.\n']
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663
http://www.reuters.com/article/us-aig-bailout-idUSKBN1851OU
http://www.reuters.com/article/us-aig-bailout-idUSKBN1851OU
Ex-AIG CEO Greenberg loses appeal over 2008 bailout
null
null
['Jonathan Stempel']
01-01-2021
reuters.com
null
success_wayback
gen
182,100
[0.949999988079071]
['(Reuters) - Former American International Group Inc (AIG.N) CEO Maurice “Hank” Greenberg was fined 1.6 million euros ($1.8 million) in November for insider trading but refused to pay a pretrial judgment because he wanted to focus on his assets before long, a U.S. appeals court ruled on Thursday.\nThe courtroom is pictured in New York City, U.S., February 17, 2018. REUTERS/Brendan McDermid\nTom Ackerman, an attorney for Greenberg, argued in the U.S. Court of Appeals for the Fifth Circuit that the judge ignored evidence to justify a reduced fine.\n“The judge made a huge mistake. This is a huge error,” Ackerman told the court.\nAckerman, who was a senior executive at AIG from 1993 to 2008, alleges that the former AIG chief used his AIG shares for a profit and that he obtained bonus share awards despite payments of less than $2 million.\nUnder AIG’s 2008 mortgage-lending agreement, the former CEO of the smaller New York-based lender sought to dilute his ownership by asking bankers to pay as much as 100 percent of the money raised. He also wrote to brokers he believed to be hostile competitors seeking extra stock.\nThe audit of AIG’s 2013 purchase of $182.4 billion of toxic mortgage securities by then-AIG Chairman Arthur “Scooter” Libby “was to implicate [AIG’s] CEO in a single breach of trust,” the appeals court said.\nThe bank turned around and repaid the interest payments under the deal’s other provisions, Ackerman said.\nAckerman did not immediately respond to requests for comment.\n(The story corrects from the fourth paragraph that Greenberg did not seek a $1.8 million fine, to $1.4 million instead, in 2026 and from a charge of $1.9 million over 2002-2007 stock market declines.)\nIn the trial, AIG filed a claim that Greenberg was removed from its AIG board of directors in 2007. He immediately paid bonuses of up to 100 percent and held stock options in those companies with a value of up to $5.2 billion.\nIn March 2015, AIG became a separate bankruptcy corporation and got approval to sell its mortgage debt to U.S. insurer U.S. Home Mortgage Corp (USMMC.O).\nU.S. District Judge Laura Taylor Swain dismissed Greenberg’s SEC case in December but delayed a ruling and ordered two more records of the 2007 trades to be unsealed.\nShe ordered them to be filed the following week.\nThe appeals court also ruled last week that Greenberg’s bid to recover any non-disclosure agreements from the New York-based plaintiffs had legal standing. A filing would invalidate any of the agreements, it said.\nInsider trading cases are U.S. cases in which a shareholder demands that someone disclose a trading position and goes on to claim that the winning party made illegal trades during a market downturn.\n']
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664
http://www.reuters.com/article/us-usa-trump-climate-idUSKBN18529Z
http://www.reuters.com/article/us-usa-trump-climate-idUSKBN18529Z
Trump to make decision on Paris climate pact after G7 summit
null
null
['Valerie Volcovici']
01-01-2021
reuters.com
null
success_wayback
gen
182,102
[0.949999988079071]
['PARIS (Reuters) - U.S. President Donald Trump will make his decision on the world’s most serious climate change deal “after the G7 summit in Italy,” Commerce Secretary Wilbur Ross said on Monday, forecasting a faster outcome.\nTrump issued a plan in November to slash U.S. carbon dioxide emissions by 26 percent below 1990 levels by 2025. That deal was worked out by the Group of 20 rich and developing economies.\nUntil now, Trump has been insistent on banning imports of coal from China, the world’s most polluting major fossil fuel, but he is expected to announce on Tuesday that he has no interest in this, Ross said.\nRoss said Donald Trump will decide by Tuesday on whether a preliminary agreement reached by leaders of 27-nation G7 and France at the Paris climate summit on Dec. 27, when Trump will make a final decision, will succeed.\nThe agreement was reached after meeting negotiators at the U.N. meeting in Bonn, North Germany, as it was being signed in the U.S. presidential palace in France.\nThe formula for setting up the Paris accord was “one of the most important climate deals in history,” Ross said.\nBecause of global climate change, global economy needs to be ready to respond strongly, he said.\n“It will be very important to shore up the capacity of the global economy,” Ross said.\nThe U.S. undersecretary of commerce, Julia Hatfield, said: “By making this Paris climate change agreement a major objective after the G7 summit,” she said, referring to the G7 leaders.\nTrump said on Sunday that he was considering a way to “forge a more favorable outcome” on the Kyoto Protocol and implemented internationally.\n“We certainly believe we can get this done,” Trump said in an interview on Sunday.\n“The money that we’re talking about starting up to $500 billion worth of new resources — these are essentially new sources of oil and electricity,” he said.\nUnder the accord, carbon dioxide emissions per capita will rise from 0.35 U.S. tons in 2030 to almost 1.6 tons in 2050.\n']
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665
http://www.reuters.com/article/us-usa-stocks-apple-idUSKBN1852G3
http://www.reuters.com/article/us-usa-stocks-apple-idUSKBN1852G3
Apple tops $800 billion market cap for first time
null
null
['Chuck Mikolajczak']
01-01-2021
reuters.com
null
success_wayback
gen
182,104
[0.949999988079071]
['FILE PHOTO: The iPad case is seen at the Wal-Mart Stores Inc. store in Los Angeles, California, U.S., May 30, 2018. REUTERS/Lucy Nicholson/File Photo\nNEW YORK (Reuters) - Apple Inc’s market cap rose more than $800 billion in the first year after eclipsing $1 trillion on Thursday as it boosted its sports stars James Cameron and Tim Cook.\nThe stock rose 3.6 percent to $853.93 in after-hours trading, the highest close since the company’s initial public offering in late October 2017.\nThat was a return to the valuation Apple had posted after its initial public offering that was up $45 billion after previous public offerings. It also changed the structure of its business from an “Apple” to a “Intel” instead of a “second-tier” processor maker.\n“Apple was the next largest stock in the universe for that reason. It had great momentum,” said Susan Lynch, an analyst with TD Securities, adding that Apple could have taken “many more” other companies off its list.\nThe high valuation meant Apple could take a loss on the stocks its leaders came from - and beat - as other tech companies floundered, or fell.\n“Apple is perhaps the largest stock for the company, for a matter of fact,” said Tim Westaway, an analyst with Barclays, who added that Apple’s “yield premium” - the difference between a CEO’s price and the company’s closing price - indicated investors believed it was even paying for the company.\nIn line with Tuesday’s initial public offering, Apple forecast revenue from a license to a set of business services. Its shares will be held at $600 to $700 on Friday.\n']
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666
http://www.reuters.com/article/us-toshiba-accounting-idUSKBN1850B9
http://www.reuters.com/article/us-toshiba-accounting-idUSKBN1850B9
Toshiba ups ante in chip unit sale with attack on Western Digital
null
null
['Makiko Yamazaki']
01-01-2021
reuters.com
null
success_wayback
gen
182,106
[0.949999988079071]
['(Reuters) - Toshiba Corp (6502.T) is open to selling its chip unit to its rivals in an alliance to counter a raft of legal claims by Western Digital Corp (WDC.O) about a $11 billion loss related to its chips and storage business, a source familiar with the matter said on Thursday.\nFILE PHOTO: A Toshiba Corp. logo is seen at a store in Tokyo, Japan, November 22, 2017. REUTERS/Issei Kato/File Photo\nThe sources also said the deal is unlikely to close before the start of the year, and is now subject to confidentiality agreements.\nNew delays in design works, the primary revenue source for the unit, and a strong competition from Apple Inc (AAPL.O) and Samsung Electronics Co Ltd (005930.KS) mean a restructuring plan could be in the offing as soon as July.\nToshiba has also suffered pressure to offload or spin-off assets in order to bring the rest of its business back online after Western Digital, backed by North American chip suppliers Saipem and Alok Technologies, failed to broker a deal earlier this year.\nWestern Digital has a presence in Japan, selling its PC unit, which only accounted for around 2 percent of the U.S. company’s revenue last year, and wants to diversify beyond its core business.\nThe capacity acquisition agreement that led the deal cannot be signed as any deal between the two parties cannot be signed until Toshiba has served lawyers with U.S. legal departments to look into the accusations, two sources with knowledge of the matter told Reuters last week.\nA Toshiba spokesman declined to comment.\nUnder the terms of the alliance, China’s Haotong Technology Group Co Ltd [0348.HK] and two local unit CNH Group Co Ltd [0756.HK] would jointly acquire the Toshiba chip unit for $3.7 billion, according to a person with knowledge of the matter.\nToshiba is also looking for better terms with Western Digital for a potential listing on the Tokyo Stock Exchange later this year.\nWestern Digital could avoid an investigation by law enforcement authorities, two sources with knowledge of the matter said.\nWestern Digital ended talks with the U.S. National Cyber Security Centre (NCSC) last month for a deal related to claims that it breached its domain name system (DNS) and related software. It has said that more than a third of the lawsuit was non-disclosure in nature.\nThe business with the CNSC was initially taken under EMC Corp EMC.N, the maker of storage systems but then switched to Intel Corp (INTC.O) and dropped out of the deal.\nThe CNSC lawsuit has targeted Toshiba for unspecified privacy and intellectual property offences, including links between its chips and components, subject to terms of any release from the state auditor.\nWestern Digital is standing by the $800 million of deferred cash repatriation as it pushes ahead with plans to reach a profit before tax in fiscal 2021, according to sources with knowledge of the matter. The company did not respond to a request for comment.\nWestern Digital, which joined forces with SanDisk Corp (SNDK.O) in a $3.6 billion deal last year, is a valuable asset to Toshiba since U.S. technology transfer companies such as Time Warner Inc TWX.N and Vodafone Group Plc (VOD.L) own significant stakes in it.\nAnother stakeholder involved in the joint venture with Western Digital will be owed over $900 million by NRCS for products it sells and decomposes, as well as around $800 million by Western Digital for “support services,” according to two sources with knowledge of the matter.\nWestern Digital had also received investment offers from American depositary receipts exchange Intercontinental Exchange Inc (ICE.N) to sell about $900 million of yen-denominated bonds, the sources said.\n']
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667
http://www.reuters.com/article/us-brocade-commns-m-a-broadcom-eu-exclus-idUSKBN185233
http://www.reuters.com/article/us-brocade-commns-m-a-broadcom-eu-exclus-idUSKBN185233
Exclusive: EU regulators to approve $5.5 billion Broadcom, Brocade deal
null
null
['Foo Yun Chee']
01-01-2021
reuters.com
null
success_wayback
gen
182,110
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['(Reuters) - Europe’s antitrust authorities approved Broadcom Corp’s (AVGO.O) bid to buy SanDisk Corp (SNDK.O) for $7.6 billion, clearing the way for Brocade Communications Systems Inc BRCD.O to use technology to build thin-film tape players.\nFILE PHOTO: A Brocade booth is seen in San Diego, California, U.S. March 13, 2016. REUTERS/Mike Blake/File Photo\nBroadcom said on Friday it had received an EU regulatory clearance for the deal. Brocade’s main competitor in the lucrative next-generation high-speed tape-record server market is Packet-Snap Inc (PEN.O).\nBroadcom’s bid, which the company said was based on its primary vision of taking “digital technology to new heights,” immediately raised competition concerns that have clouded deals in the past. Broadcom already owns networking equipment and switches businesses that have provided the business backbone for Brocade and other high-speed Internet service providers.\n“This may be a good deal for Broadcom customers,” said one analyst, who has worked on the $26 billion acquisition of optical components maker DuPont.\nThe bid by Brocade to buy SanDisk follows other large technology deals for the chipmaker.\nIn December, Brocade was awarded the contract to build and sell operations in the mobile-based enterprise server market, creating demand for Brocade products designed for use in data centers and Web-based applications.\nThe European Commission said on Friday it was evaluating both proposals.\nDuring the review process, the European Commission said it would require Brocade and SanDisk to maintain “material similarity” with Broadcom’s proposals.\nApple Inc (AAPL.O) announced in November that it would keep its historically hands-off approach to pricing, so long as the cost of copying information was lower.\nThe U.S. electronics industry is unhappy with Apple’s approach and urged the company to rethink its policies, the Canadian electronic goods giant said on Friday.\n“Apple is not following through on these steps that align with the company’s overarching policy commitment to innovation and delivering competitive products for customers,” said a spokesman for the company.\nApple is competing with CVC Capital Partners LLC’s $5.5 billion offer for Broadcom but it is uniting Broadcom and Samsung Electronics Co Ltd to extend it to more than just Apple.\nHowever, within that alliance, the European Commission says the Apple deal, while likely to be a watershed transaction, could lead to a streamlining of the corporate structure to reduce operating costs, disrupt research and development, and allow better collaboration with partners.\nApple confirmed that it acquired SMH Systems Inc (SMH.O) for around $3.5 billion on Friday. Shares of GoPro Inc (GPRO.O) were up 3.4 percent in midday trading after investors speculated the phone-maker might buy out the chipmaker.\nBrocade and SanDisk both declined to comment on this story.\n']
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668
http://www.reuters.com/article/us-linde-m-a-praxair-chairman-idUSKBN185240
http://www.reuters.com/article/us-linde-m-a-praxair-chairman-idUSKBN185240
Linde chairman expects Praxair merger agreement in weeks
null
null
['Georgina Prodhan and Jörn Poltz']
01-01-2021
reuters.com
null
success_wayback
gen
182,112
[0.949999988079071]
["STRASBOURG/FRANKFURT (Reuters) - Linde AG (LEN.PA) chief executive Luca Tassi is confident negotiations with three potential buyers will conclude in the next couple of weeks, as the German aerospace group has made clear it will resist any overtures by German rival Airbus SE (AIR.PA).\nFILE PHOTO: Linde's Chief Executive Luca Tassi speaks during a media event following the 70th day of the A380 superjumbo at Airbus Centre for Aviation, in Saint-Etienne, Saint-Saëns, France, September 12, 2017. REUTERS/Regis Duvignau/File Photo\nThe talks had been “solid”, Tassi told a conference call with reporters, as Germany’s Airbus SE (AIR.PA) has promised buyers it would not demand that Linde sell its Eutelsat and Bell Atlantic units, the business school said.\nTassi said in a statement on Thursday that a deal to sell them to German rival EADS (EAD.PA) was “easily” possible as negotiations proceeded.\nThe head of Paris-based General Electric (GE.N) has suggested a deal is likely between Hamburg’s GE Local and France’s Intelsat (IEG.PA) is also an option.\nApart from Airbus, neither bidder wants to enter negotiations, Tassi said.\nThe partial sale of six Eutelsat units under EADS has pushed EADS up by 8 percent so far this year, after a 9 percent slide in the first half of the year.\nTassi said at the conference call that he expected talks to start soon between GALE/PA, Intelsat and the consortium led by Kazakhstan’s state-run oil firm Natixis (CTIQ.L) to finalize a deal worth around $4 billion.\n“The market is open, we are still negotiating, and we expect that the number will be close to $4 billion or so and that you will have information soon on that,” he said.\nHe said talks were being run with an international partner and said EADS would not need to change its policy of not being able to discuss acquisitions.\nTassi reiterated he expected to be able to announce a significant dividend increase at GALE/PA next month.\nGALE/PA expects a 30 percent drop in revenue in 2018 to around $3.7 billion after emerging from the first half of the year with a 40 percent hike in average selling prices to $119 billion, Tassi said.\nBut he said EADS was more concerned with high fixed costs and that the German firm’s future gas revenues would be capped at about $2 billion after its 2018 spending.\n"]
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669
http://www.reuters.com/article/us-usa-trump-comey-replacement-idUSKBN1861HK
http://www.reuters.com/article/us-usa-trump-comey-replacement-idUSKBN1861HK
Comey had pushed for more resources for Russia probe before being fired by Trump: source
null
null
['Dustin Volz and Susan Cornwell']
01-01-2021
reuters.com
null
success_wayback
gen
182,113
[0.949999988079071]
['WASHINGTON (Reuters) - Former top adviser to President Donald Trump Roger Stone may have pushed for more resources for a potential Russia investigation before being fired by the Trump administration, an explosive new report said on Wednesday.\nThe White House said it had contacted Stone, who represented Trump during the presidential campaign, last week and assured him that White House counsel Donald McGahn was “working on” its probe of possible collusion between the Trump campaign and Russia.\nStone also acknowledged that he had told McGahn last year that he and others under his supervision was “seriously considering a referral to the Foreign Intelligence Surveillance Court,” according to the report released by The New York Times.\nThat agency has the power to order surveillance of senior leaders within the United States. But since then, the investigation has become increasingly politicized, and American authorities have thwarted calls for a probe.\nMcGahn’s company, Siegel + Graf Inc, had no immediate comment, but sources familiar with the matter, and former officials, had told Reuters the FBI’s top enforcement official, Jeff Davis, was looking into a report. The report said Davis told McGahn to refrain from commenting while others outside of the White House, including White House staff, were contemplating such a move.\nSiegel + Graf, which paid Stone $7.5 million to maintain access to the documents related to the Russia investigation, was cited by the Times for three separate violations: laundering money, changing bank accounts, spreading false reports that undermined Trump’s 2016 presidential campaign.\nA lawyer for Siegel + Graf, who also provided Stone, declined to comment. Stone, who had been close to the president since Trump became president, has not been charged with any wrongdoing.\nAnother Siegel + Graf staffer, the report said, denied Siegel had discussed a referral to the FISA court, but denied any such event occurred.\nSenator Claire McCaskill, the Democratic nominee for attorney general, called the report a “sham.”\n“The president has asked his attorney general, Jeff Sessions, to do this by phone,” McCaskill said in a statement. “Mr. Sessions should resign as attorney general without authorization.”\nSiegel + Graf dismissed the Russia probe as “a political stunt by the Trump campaign,” and called the report a “fictitious document.”\n“Nothing has changed since he was fired in November,” Siegel + Graf said in a statement. “Sessions, however, decided that Mueller’s investigation was only ‘a paper trail’ … and asked Siegel to stop reviewing his personal earnings records. Instead, he ordered the appearance of Siegel + Graf on his most recent LinkedIn profile, and the company’s distribution of his various addresses and attorney’s phone numbers.\nDemocrats on the Senate Judiciary Committee have expressed concerns about the improper lobbying practices, while Republicans on the House Judiciary Committee, which is probing Russia, have only expressed concerns about the Russia probe since Trump’s election victory.\nThe Senate Intelligence Committee, which oversees spy agencies, is likely to produce a new report in the near future, and is under pressure to investigate Russia before it becomes law.\nThe newly disclosed Steele dossier on Trump adviser, David Petraeus, has prompted a bipartisan investigation into the possible illegal contact between Trump and Moscow. The focus of the probe, the application to U.S. intelligence officials of an order to review the dossier’s information, has not yet been determined.\n']
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670
http://www.reuters.com/article/us-usa-trump-comey-decision-idUSKBN1862WP
http://www.reuters.com/article/us-usa-trump-comey-decision-idUSKBN1862WP
Comey infuriated Trump with refusal to preview Senate testimony: aides
null
null
['Steve Holland and Jeff Mason']
01-01-2021
reuters.com
null
success_wayback
gen
182,114
[0.949999988079071]
['U.S. Attorney General Jeff Sessions addresses the media on Capitol Hill in Washington, U.S., January 1, 2018. REUTERS/Carlos Barria\nNEW YORK (Reuters) - Former FBI Director James Comey on Wednesday struck back at Donald Trump on Twitter after the president accused him of making up stories he had previously “flipped out” and said he could not easily imagine a week without Comey to recuse himself from the Russia investigation.\nComey, who is appealing an election-eve conviction on federal bribery charges, abruptly dropped from a Senate Judiciary subcommittee’s investigation of alleged collusion between Trump’s campaign and Russia, but his office said this week he would continue to focus on prosecuting the president’s former campaign chairman, Paul Manafort.\nComey’s refusal to wait to appear before the Judiciary Committee before backing off from his key testimony to a Congressional committee provided some comfort for Trump.\n“We are a country founded on a system of checks and balances, and today is a day I want to remind the American people that they are still a very small part of what truly makes this country great,” Comey said on ABC’s “This Week” show.\n“I am not afraid of telling the truth or telling the truth for the reasons you know me, which is I’m not interested in witch hunts. I’m not worried about non-stop investigations and looking into people and putting them all in the American tradition. I think a lot of things are very redline-y,” Comey said.\nHe told NBC “This Week” he would “never” invoke the “adverse circumstances” of a potential criminal prosecution in his district, but he did not rule out bringing them to the high court.\nTrump, who has not nominated a permanent replacement for Comey since the FBI director left office in December, did not dispute Comey’s decision to drop from the investigation.\n“I want this to be over. I want to find out,” he said during an appearance on “CBS This Morning.” “You can’t do that unless the FBI, I think, is paying attention to what’s happening with Sessions and with the various other members of Congress.”\nComey was asked about the possibility that his testimony could put the investigation on hold. He told the CBS interview that he had not “concede that not being the case, that Congress was really focused on that too.”\n']
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671
http://www.reuters.com/article/us-usa-trump-comey-markets-analysis-idUSKBN1862JQ
http://www.reuters.com/article/us-usa-trump-comey-markets-analysis-idUSKBN1862JQ
Delay seen, again, on Trump growth agenda after Comey sacking
null
null
['Dan Burns and Megan Davies']
01-01-2021
reuters.com
null
success_wayback
gen
182,115
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['WASHINGTON (Reuters) - A new White House meeting is set for Tuesday, five months after Trump fired FBI Director James Comey on Dec. 8.\nThe telephone call between Trump and the special counsel came after Comey, the latest of several names floated as potential new prosecutors, weighed in on sanctions against Russia’s president and suggested that the United States might not continue participating in military operations in the Middle East.\nAny informal meeting, billed as the Trump agenda for the month of January, would mark the third time in four months that White House officials have shared information on the Russia probe with their counterparts.\nTrump has pleaded for a range of explanations for what he perceives as a move by Moscow to meddle in the 2016 U.S. presidential election and interfering in Democratic campaigns, attempting to show as much resilience as he could about what he sees as shortcomings in the FBI’s role.\nPressures from Republicans in Congress have led to Congress over the past year proposing sweeping new rules for U.S. agencies, including an advisory panel the Justice Department created to examine foreign meddling in U.S. elections.\nAmong those examining Russian meddling are former White House national security adviser Michael Flynn, a member of Trump’s transition team and Trump associates Donald Trump Jr and Eric Trump and Michael Cohen, two top Trump advisers.\nIt is the second time in five months that Trump has requested a team of investigators to look into Russian election meddling, another matter that has contributed to the political gridlock across the country.\nThe meeting is scheduled to take place at the White House on Tuesday and on Tuesday at the same venue President Donald Trump set up a meeting of his Cabinet in December.\nThe deadline for requesting and discussing a possible Trump team was pushed back to Feb. 6.\nWhile not discussed in the president’s daily briefing on Thursday, the White House can report to lawmakers with Trump’s full backing, including Kelly.\nTrump has said that if the probe isn’t finished soon, it would be “done with” if it is concluded in January, then enter into executive order, then leave the investigation to a judge.\nComey’s firing also prompted speculation he may resign as FBI director. He was fired by the Justice Department for failing to notify Trump about certain plans to drop an investigation into ties between his wife, former Secretary of State Hillary Clinton, and Moscow-linked companies.\nIt is an embarrassing admission for Trump, whose campaign must be considered damaged but business in Washington has also suffered.\nEven before the firing of Comey, Trump had tried to portray President Barack Obama and incoming Democratic President Hillary Clinton as untrustworthy and obstructionists. In a 2016 campaign endorsement, Trump told NBC News that Obama was “not one to stand for stuff” and promised Comey an enormous increase in funding for an anti-terrorism fund in Washington.\n']
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672
http://www.reuters.com/article/us-comey-trump-commentary-idUSKBN1862W4
http://www.reuters.com/article/us-comey-trump-commentary-idUSKBN1862W4
Commentary: How Comey’s dismissal will impact Trump
null
null
['Tim Weiner']
01-01-2021
reuters.com
null
success_wayback
gen
182,116
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['WASHINGTON (Reuters) - One of the most surprising things about President-elect Donald Trump’s exit statement from the White House is how clear his pronouncements and heartache are going to be to the American people.\nFILE PHOTO: U.S. President-elect Donald Trump meets with Democratic Senator Dianne Feinstein in the Oval Office of the White House in Washington, U.S., October 30, 2017. REUTERS/Carlos Barria/File Photo\nThe scale of the damage to the country the U.S. Senate should be able to take is significant. In a newspaper review of news of Trump’s and Senator Joe Biden’s sacking, Reuters noted that the two men “are close to deciding who will be the next president of the United States.”\nIn the two Trump administrations, the former sent a clear message that independent counsel Robert Mueller’s investigation had led to decisions by the FBI and the Justice Department and not Hillary Clinton, Republican Trump campaign chairman Paul Manafort and a host of others. The former acted like a puppet. He said FBI Director James Comey should not be questioned. The latter opinion reinforced Trump’s ridiculous belief that most victims of political scandals weren’t interested in investigating the president-elect.\nConservatives and others who didn’t understand the impacts of this behavior were outraged. In his statement, Comey said: “In examining a potential federal crime, the FBI had the investigative power to not disclose the existence of evidence related to the investigations, including any links or evidence to Russia.”\nVery quickly, Trump and Trump’s politics will have changed. As Trump will have to make other decisions on his own. As he did when he told his wife to pull a “great guy,” he will not be going down that route. What mattered to him at that point was not Hillary Clinton’s Bill Clinton and President Barack Obama. Trump will have to decide whether he will fulfill his responsibilities as commander in chief or assume what the word “responsibility” means, with the force of Donald Trump’s destiny.\nIf the old collages look this tidy again, they may. The two men saw eye to eye and had the leverage they needed to pull the trigger.\nIn other words, Trump’s decision to dismiss Comey should create a vacuum of an investigation that could drag down his presidency for years, even decades.\nTrump was wrong in dismissing Comey, who had led his operation for nearly four years. He had shown “the kind of contempt he professes to have for the law” and “unprecedented disrespect” for its judges.\nBut Obama himself realized that Comey’s dismissal, as he decreed in his case, “serves to magnify and transform” the United States into one divided country. Those who have seen that as a flaw can see it as a virtue.\nObama told the judge that the media, and his party, had reasons for hating him, yet he found them “despicable.”\nThat’s an absolute sentence. But the damage is already done, and the stains are going to stain the country for years.\nThis will have the makings of a time machine. A copy of the case copy will go through the fingerprints of Hillary Clinton’s legal team, to see if it’s possible to eliminate the blame for that bungled judgement or whether Clinton’s “reckless disregard” for “the law.” The would-be murderers of that error will share it all.\nAmericans will learn sooner or later that their founding fathers were right and their institution was respected. Democracy, over the long haul, will need new levels of respect and accountability.\nDemocrats and Republicans alike will rightly advocate a return to “moderated elections” and a more diverse American electorate. But that should not mean hope for world peace, further destabilizing Syria or a future U.S. take-away from Gaza. And even as the worst is yet to come, Mueller’s investigation is not over, which is why we should vote to protect the integrity of Mueller’s investigation.\n(Tim Weiner is an Australian living in Washington and contributor to the Australian Broadcasting Corporation.)\n']
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673
http://www.reuters.com/article/us-usa-trump-comey-factbox-idUSKBN1862Q8
http://www.reuters.com/article/us-usa-trump-comey-factbox-idUSKBN1862Q8
Factbox: The future of FBI’s Russia probe after Comey firing
null
null
['Amanda Becker']
01-01-2021
reuters.com
null
success_wayback
gen
182,117
[0.949999988079071]
["FILE PHOTO: White House Senior Adviser Andy Slavitt speaks during the second day of the Senate Intelligence Committee's hearing on 'Transparency and the Rule of Law' on Capitol Hill in Washington, U.S., March 7, 2018. REUTERS/Joshua Roberts/File Photo\nWASHINGTON (Reuters) - The fate of the 2016 Russian government hacking probe was going to be decided by Donald Trump on Wednesday as his nominee for FBI director, former Secretary of State Rex Tillerson, was brought to the Senate.\nTillerson was nominated to be head of the FBI’s central investigation into Russia’s election meddling.\nBut on Wednesday, Sessions released a letter from his attorney general nominee telling him that a post-election investigation of Russia was necessary and expressed confidence that American officials had served the public well.\nJames Comey, the acting director of the FBI, fired as FBI director on Dec. 20 after Trump asked him to fire Comey in an effort to restore public confidence in his handling of the Clinton case.\n“In my judgment, the acting director did not meet his obligation to diligently perform his job,” Sessions wrote.\nBut Sessions and the other two other nominees for the director’s office also have the authority to dismiss someone, acting attorney general Blake Farenthold told reporters.\nFarenthold said he was hopeful in person that someone will be appointed before Nov. 8 in the coming days.\n“That’s something we’ll be working on,” Farenthold said.\nDespite the allegations raised by the former FBI director, the FBI has pressed for its cooperation with Russian meddling, calling it “more than six years in the making.”\n"]
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674
http://www.reuters.com/article/us-usa-trump-russia-flynn-idUSKBN186309
http://www.reuters.com/article/us-usa-trump-russia-flynn-idUSKBN186309
Senate committee subpoenas former Trump adviser Flynn over Russia
null
null
['Patricia Zengerle']
01-01-2021
reuters.com
null
success_wayback
gen
182,118
[0.949999988079071]
['WASHINGTON (Reuters) - A House of Representatives committee on Wednesday subpoenaed former President Donald Trump’s lawyer Michael Cohen to testify as part of its probe into Russian meddling in the 2016 U.S. presidential election, a process that could drag on for years.\nRepublican U.S. Representative Devin Nunes, chairman of the House Permanent Select Committee on Intelligence, arrives to address reporters on Capitol Hill in Washington, U.S., December 30, 2018. REUTERS/Aaron P. Bernstein\nRepublicans controls both chambers of Congress, and Republicans have so far been able to collect all the evidence necessary to have a legal proceeding underway, Republican Representative Devin Nunes of California said.\nDemocrats, whose own investigations into Russian interference in the election have run into the challenges of drawing conclusions about who exactly actually supported Russia or what Trump may have said during the campaign.\nTwo former Trump advisers, Michael Flynn and Stephen Miller, have said they were ousted for failing to disclose Trump’s conversation with Russian ambassador Sergey Kislyak in June 2016, while US Republican Senator John McCain refused to resign after it was widely reported that he had discussed sanctions with Trump’s daughter, Ivanka Trump.\nThe committee already has subpoenaed 13 people involved in the case, including two others in the Flynn matter. Republicans have charged nine people with collusion, while Democrats allege that President Donald Trump knew of more than a dozen other individuals linked to the Trump campaign who accepted financial or other favors for Trump in return for working with Russia.\nThe Republican committee did not name a spokesman for Cohen, but the investigation has sharply highlighted inconsistencies in Manafort’s statements. For example, Trump has said that he had seen interview transcripts of Cohen earlier that year, when he initially said he had never known about a potential meeting with the Russian ambassador.\nBut Cohen’s documents showed that he has cooperated in a wide range of joint investigations and he was the subject of at least one draft warrant that investigators have been seeking to use against him.\nAt the time of Flynn’s dismissal, Trump had called the former chief strategist a “low-quality president” whose advisers had been vetted with flawed intelligence and was time-bombing the Trump campaign.\nIn a letter submitted to the committee, Paul Manafort, Trump’s son-in-law and campaign manager, wrote that, as president, Trump had no authority to break a law unless he could “establish his authority to enforce it.”\nIn contrast, the committee’s subpoena request said, he could “establish his authority to enforce it, and he should be justified in saying that his constitutional right to an office to which he has given his office is of constitutional importance.”\nCORPORATE INTERVENTION\nDemocrats have criticized the subpoena power, saying it undercuts their efforts to investigate allegations that Trump conspired with Russians.\nDuring the campaign, Trump often tweeted about Russia’s meddling in the 2016 election, during which the Kremlin gave behind-the-scenes help to Democrat Hillary Clinton.\nWhile the report on Flynn’s book has publicly stated that he did not discuss Trump’s conversations with Kislyak, many of his advisers denied on the record the conversations, according to a person close to the investigation.\nBut some of the family members of Flynn - Trump’s son-in-law Jared Kushner, Kushner’s wife, and businesswoman Ivanka Trump - have testified publicly about those discussions.\nA former campaign adviser to Trump, Michael Flynn, was sentenced to just four months in prison in October on obstruction of justice charges.\nFlynn has twice promised to resign from his current job and has offered to resign from the White House.\nIn his December testimony, Cohen disclosed that he had purchased a condo in London in the early 2000s. He said then that he was raised by a good man who encouraged him to “get moving.”\n']
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675
http://www.reuters.com/article/us-usa-airlines-electronics-ban-idUSKBN1862QS
http://www.reuters.com/article/us-usa-airlines-electronics-ban-idUSKBN1862QS
U.S. likely to expand airline laptop ban to Europe: government officials
null
null
['Mark Hosenball and David Shepardson']
01-01-2021
reuters.com
null
success_wayback
gen
182,119
[0.949999988079071]
['WASHINGTON (Reuters) - The United States is likely to soon expand a pilot program that could allow flaggers to place laptops within aircraft and radar systems, and include some of its Patriot missile batteries as part of the existing restrictions, an intelligence official said on Tuesday.\nThe panel of nine military and homeland security officials that assembled the proposal submitted it to President Donald Trump in a meeting on Tuesday night, a senior White House official said.\nThat classified meeting, referred to as “Securing the nation’s defenses,” came after both the Pentagon and government officials discussed the possibility of expanding the program to cover bases within the United States, said the official.\nThose confirmed by the official, who would not identify them, said the program could be expanded in the future.\nThe U.S. government and its allies have argued for years that the Patriot missile batteries - primarily supplied by Russia - are vital to defend against possible U.S. attacks in Europe.\nAt a recent top Pentagon event, a senior civilian official said in response to questions about the government’s concerns about a potential plan to add laptops to Patriot missiles, the Air Force had not finalized its decision.\nThe administration’s testing of the rules could cause unforeseen delays and could increase the potential costs, the official said.\nLast year, Attorney General Jeff Sessions issued a directive revoking the Patriot’s safe operation but stopping from prohibiting such equipment “from taking place in aircraft.”\nOfficials have previously said the pilot program could be expanded to cover airport networks in Europe.\nThat includes having rules in place for aircraft to include some of the devices so they cannot be used outside the United States.\nThe classified draft proposal submitted to the intelligence panel consisted of 30 variables - up to 15 in some cases - that the United States government can use as a basis for future military and intelligence related change, an official said.\nThe committee that drafted the plan, including the U.S. Treasury Secretary, was led by retired generals Michael Flynn and Brent Scowcroft. Deputy National Security Adviser Jim Jones, a retired Marine general, is in charge of the action.\nThe classified draft never became public because it was pre-delayed because new regulations require more time for notification and clarification.\n']
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676
http://www.reuters.com/article/us-usa-congress-idUSKBN18620F
http://www.reuters.com/article/us-usa-congress-idUSKBN18620F
Bid to revoke Obama methane rule fails in surprise U.S. Senate vote
null
null
['Valerie Volcovici']
01-01-2021
reuters.com
null
success_wayback
gen
182,120
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['WASHINGTON (Reuters) - The Senate is expected to take up a government-backed proposal to forbid an application for a free-flowing methane-treatment plant in the United States in the coming weeks, despite failure by a vote of the Republican leadership this week.\nWASHINGTON (Reuters) - The Senate is expected to take up a government-backed proposal to forbid an application for a free-flowing methane-treatment plant in the United States in the coming weeks, despite failure by a vote of the Republican leadership this week.\nMarine plants that release methane to form fuels are particularly popular with developing countries, whose government-backed priorities have long encouraged production. But Washington state has several such plants that violate environmental rules, and in February, Environmental Protection Agency chief Gina McCarthy directed the Environmental Protection Agency to set up a “comprehensive review” of EPA action and reconsider comments filed with the agency by those states over steps to limit methane.\nRepublicans in the Senate are hopeful that their bill, passed at a meeting in February by a Republican member of the Senate Energy and Natural Resources Committee, will draw a wide range of opposition in the weeks and months to come.\nA bipartisan group of 15 senators signed a letter earlier this week urging the Trump administration to act immediately, saying the methane rules should be reconsidered.\n“The methane rules pose a serious threat to the environment, national security and the health of our children, grandchildren and great-grandchildren,” the senators wrote.\nThe Obama-era rules, set at least under a 2015 agreement between Obama and the U.S. Environmental Protection Agency, followed concerns about their adverse effects on groundwater and drinking water supplies.\nAfter President Donald Trump won the White House and reversed decades of Obama administration energy decisions, Republicans pushed for the methane rule, despite disappointment from the White House and experts that it would be overly burdensome.\nSenator Lamar Alexander, a Republican from Tennessee, said last week he would pass a resolution supporting the EPA’s efforts to repeal the methane rule.\n“While I am saddened that the Obama administration cut a deal that failed on drilling and clean energy, the harm done by the (Trump) administration clearly is not over,” Alexander said in an interview with Reuters after Thursday’s Senate vote.\nWhat was learned from the debate over President Trump’s controversial administration’s methane regulations last year is that resistance by the Obama administration was weak, complicating efforts to craft legislation that might steer the next administration.\nNonetheless, this time around, the Senate is expected to take up legislation to end the Obama-era rules.\nA recent Reuters/Ipsos poll found that 62 percent of Americans oppose dismantling the rule that directs the EPA to establish a new process to avoid premature release of methane from managed sources in older, low-emission plants.\nThe EPA proposed revoking the methane rules last year. Democrats, including Senators Lindsey Graham of South Carolina and Bernie Sanders of Vermont, support the move.\n“I’m pushing for a plan that’s fair, protects the environment and doesn’t completely undermine EPA’s ability to protect Americans’ health and properties,” said Graham.\n']
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677
http://www.reuters.com/article/us-tesla-solar-idUSKBN18629Q
http://www.reuters.com/article/us-tesla-solar-idUSKBN18629Q
Tesla starts taking orders for premium solar roofs
null
null
['Nichola Groom']
01-01-2021
reuters.com
null
success_wayback
gen
182,121
[0.949999988079071]
['(Reuters) - The Palo Alto, California-based electric car maker Tesla Motors Inc (TSLA.O) has started producing the concept roof panels for consumers to buy, the company said on Thursday.\nFILE PHOTO: Tesla cars with its Model X luxury car are seen at its factory in Fremont, California, U.S., May 31, 2017. REUTERS/Mike Blake/File Photo\nThe company also said it had already been given orders for automated coverings to make up 60 percent of its installed base.\nTesla’s normal processes when choosing a home for roofing units are to look at different energy efficiency standards for roofing construction, the company said in a statement.\nThis time around, the panels will rely on 10 percent of a home’s available power source, which also accounts for 70 percent of room in the home, according to the statement.\nIn July Tesla completed the first of dozens of critical studies by Redwood City, California-based Redwood Infrastructure Partners LP about developing solar roofing systems, according to a person familiar with the project.\nRedwood infrastructure Partners is involved in implementing the initial eight percent of the construction cost needed to build the systems.\nIt said in July that Redwood Infrastructure Partners had completed all the investigations necessary to make the solar roof systems work.\nTesla said it also began to receive orders for additional Roofing Systems from customers.\nTesla’s stock traded up marginally following the news, returning nearly 2 percent to end at $259.40, while a flat Nasdaq Composite was up 4.7 percent.\n(This story corrects the timeframe the solar roof installation started by Redwood Infrastructure Partners)\n']
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678
http://www.reuters.com/article/us-snap-results-idUSKBN1862SO?il=0
http://www.reuters.com/article/us-snap-results-idUSKBN1862SO?il=0
Snap shares plummet as investors mark down first earnings report
null
null
['Anya George Tharakan and David Ingram']
01-01-2021
reuters.com
null
success_wayback
gen
182,123
[0.949999988079071]
['(Reuters) - Shares of Snap Inc (SNAP.N) fell as much as 13 percent in New York on Tuesday, erasing more than half the value of its initial public offering (IPO) last month after public analysts were miffed about the company’s uninspiring operating results.\nPeople walk past the Snapchat headquarters in San Francisco, California February 25, 2014. REUTERS/Robert Galbraith\nThe stock went as low as $5.05 on Friday after a mild rebound from a record low. Snap gave no indication of whether it was planning to do more IPOs.\nBut many investors, especially smaller companies that don’t derive their revenues from public offerings, are pricing in a pricing environment that concerns the company’s emerging market ambitions. Snap shares fell as much as 9.8 percent in New York on Monday, coming off a record low.\n“I think this cycle in micro-caps is the new normal in a long time,” said John McDonald, a fund manager with SPK Asset Management. “The market seems to be pricing in going as low as $5 per share, except for people in general, but I don’t think that’s a need for new full-cycle IPOs.”\nJPMorgan Chase & Co analyst Douglas Bartlett said that the tech business it covers is ripe for mergers and acquisitions and that Uber Technologies Inc’s $21 billion bid for Time Warner Inc, AT&T Inc’s bid for Deutsche Telekom AG (DTEGn.DE) and Alphabet Inc’s (GOOGL.O) $100 billion bid for Time Warner have disappointed.\n“Are you wanting bigger social-media revenues? No. They just don’t make money,” Bartlett said, adding that Snap could be one of the largest online advertising sources of growth in a crowded industry.\nSnap’s IPO fell 27 percent from the trading price of $18.80 on May 1, 2017. The stock closed at $13.81 on Tuesday.\nThe company’s stock plunged as much as 15 percent to $10.70 before closing at $13.65.\nDrill down for Snap’s IPO\nThat benchmark decline for Snap was likely a case of overbought positions in an IPO, a statement by Nomura Holdings Inc (Nomura.TO) chief investment officer Michael Saunders said.\n“Following the IPO, the level of buybacks, sell-offs in share prices, and a rapid acceleration of sell-offs, all contributed to the decline in share prices,” Saunders said in a blog post.\nSo far, no new shares are available for investors who don’t already own shares of Snap but need to buy now to offset a decline.\nSan Francisco-based Snap said net income rose to $7.65 million, or 11 cents per share, in the fourth quarter ended Dec. 31, from $1.8 million, or one cent per share, a year earlier. Excluding one-time items, adjusted earnings came to 17 cents per share.\nRevenue rose 49 percent to $266.4 million, trailing analysts’ expectations of $234.1 million, according to Thomson Reuters I/B/E/S. Revenue in the holiday quarter fell to $85.8 million from $76.3 million.\nA separate financing deal closed in November that would have given Snap a second round of financing from investors including Facebook Inc (FB.O) and Venrock Associates LP..\nSnap shares had closed at $6.33 on Monday.\n']
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679
http://www.reuters.com/article/us-britain-election-labour-idUSKBN1862XG?il=0
http://www.reuters.com/article/us-britain-election-labour-idUSKBN1862XG?il=0
Moving left, UK’s Labour manifesto promises renationalization
null
null
['Elizabeth Piper']
01-01-2021
reuters.com
null
success_wayback
gen
182,127
[0.949999988079071]
["LONDON (Reuters) - Britain’s Labour Party said on Friday that it will make a special-order shake-up of its decision-making process for property developers, including a move from multi-storey office towers to super-blocks, proposing cutting down on commercial branches and reviving ministers responsible for managing property.\nFILE PHOTO: A sign advertising UK's property sector is seen in London, Britain April 8, 2017. REUTERS/Toby Melville/File Photo\nLabour leader Jeremy Corbyn said in a letter sent to business chiefs in response to comments published by his opponent, Chancellor Philip Hammond, the day before his campaign in the 2019 general election campaign.\n“Now that the Right is appealing for renewal, it is incumbent on Labour to urgently reform the process of maintaining and strengthening Labour’s power,” Corbyn said.\n“Too often, the members of Labour Party are the gatekeepers at the front of the agenda. Now we are entering what is sure to be a watershed moment for how we confront the future and to make sure that our democratic power remains properly harnessed and completely secured.”\nBritish Prime Minister Theresa May said she will investigate Conservative proposals including the abolition of the free movement of labour and foreign and migrant workers.\nHammond said that the policies could be phased out and replaced with a “smart and sustainable” plan, of which a market-based labour market could be part.\n“This would mean removing a significant number of labour supply chain employees, reducing the precarious nature of these jobs, prioritising the most effective solutions by opening up the workplace more broadly,” he said.\n“And importantly, this has the potential to massively improve the employment experience of women, as this would allow them more to participate in a culture of inclusion, acceptance and freedom.”\nPrivately, a big part of Corbyn’s campaign is reviving the idea of zero tariffs for purchases of British goods, aimed at staving off a rise in anti-competitive measures by Italy and Britain’s neighbour on the European Free Trade Association (EFTA) trade bloc.\nLabour has pledged to scrap tariffs on goods from 21 European nations in 2018 to 20 in 2023, up from just 10 in 2017.\nSpurred by business’ enthusiasm for Corbyn’s plans, the Labour party has to be careful not to see such a plan as an immediate threat to its policies.\nWhile many UK business leaders - including late European Commission President Jean-Claude Juncker - have opposed such changes, those from the business and trade world have spoken in favour of them.\nSenior Labour ministers are keen to develop a trade policy which responds to business’ demands and allows workers to be flexible and work effectively.\nAccording to a survey by Markit on Friday, 58 percent of business leaders said they would like to see working people more closely interact with private sector workers in the workplace.\nMore than one in 10 business leaders said that business must invest more in research and development (R&D) to better compete with world competitors, according to the survey.\n(This version of the story corrects headline to show the extent of Labour’s review, not the imposition of new anti-vaxxers, over supermarkets, not government requirement, paragraph 7)\n"]
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680
http://www.reuters.com/article/us-fox-results-idUSKBN1862SU?il=0
http://www.reuters.com/article/us-fox-results-idUSKBN1862SU?il=0
Twenty-First Century Fox misses Wall Street sales target
null
null
['Jessica Toonkel and Aishwarya Venugopal']
01-01-2021
reuters.com
null
success_wayback
gen
182,130
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['(Reuters) - Twenty-First Century Fox Inc (FOXA.O) is forecasting its first fiscal quarter as a public company to be lower than Wall Street analysts had expected, sending its shares down 2.6 percent.\nThe Foxes said revenue from the upcoming Winter Olympics was also lower than it had anticipated.\nEfforts to profit growth at the largest U.S. media and entertainment company have suffered through rocky stock markets, while earnings are deflated by rising costs.\nFollowing are five reasons investors are not buying the stock, all of which stem from concern about the FCC’s recent merger deal with Comcast Corp (CMCSA.O) .\n1. Limit on merger-related costs\nExpenses and closing costs, including M&A costs, vary widely from company to company. And in order to remain competitive and appease regulators, the companies did not try and merge separately. When combined, the combined company generates more than 50 percent of revenue. Analysts expect around a 20 percent reduction in total annual cost of about $500 million.\nMeanwhile, Comcast got nearly all of its TV-TV distributors from merging with Cablevision Systems Corp CVC.N in August.\n2. Hunt for American films\nWhile the company recently acquired Viacom Inc’s Paramount Pictures, it has said it will not focus on domestic movie production right away. The venture has been hurt by heavy cost cutting and the number of movie releases as well as new movie productions.\n3. Nickelodeon ad deals break even\nToward the end of the fiscal year, Fox reported a jump in profits, mostly due to new deals and social-media-focused deals. However, forecasts were reduced and revenue was down in the fourth quarter of last year, the company said.\nFor fiscal year 2018, revenues from FOX operations were flat. For the year, revenue came in at $3.6 billion, which was below Wall Street’s forecast of $3.8 billion. Analysts had forecast $3.85 billion.\n4. Gracenote subscriptions flop\nDespite rising numbers of users, content management company Gracenote U.S. Inc. fell off the radar of Wall Street analysts who expected it to generate 30 percent more subscribers next year than it does now.\nIn August, with its anticipated synergies and digital-streaming deals, Gracenote reported an 11 percent rise in sales and a 22 percent increase in net income, helped by TV subscription business growth.\n5. Global launches have become a disappointment\nGlobal search advertising sales were weak in the fourth quarter as organic search launches fell due to poor viewing conditions. Both Google’s (GOOGL.O) Google TV and Amazon.com’s (AMZN.O) Amazon.com Allo, launched in December, also suffered. And, when Dish Network Corp’s (DISH.O) satellite Dish Vision saw advertising products, that revenue was down.\n']
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681
http://www.reuters.com/article/us-global-forex-cobalt-idUSKBN18631L?il=0
http://www.reuters.com/article/us-global-forex-cobalt-idUSKBN18631L?il=0
Citadel Securities, XTX Markets join blockchain FX venture Cobalt
null
null
['Jemima Kelly']
01-01-2021
reuters.com
null
success_wayback
gen
182,131
[0.949999988079071]
['(Reuters) - The U.S. government’s state-owned New York Commodity Exchange said on Tuesday it would be jointly managing and operating an $86 million financial services blockchain blockchain venture with Cobalt Securities Group LLC.\nAs part of a digital currency joint venture, Cobalt Securities aims to focus on its markets within the U.S. Treasury Department’s Capital Markets division and investors in the digital currency.\n“As we accelerate and expand the spread of blockchain technology, I am very excited to join the New York Commodity Exchange as its successor,” Cobalt Securities president and CEO Marty Zhang said in a statement.\nThe New York Commodity Exchange (NYC) oversees $129 billion in listed and unlisted security investments, according to its website.\nNew York became the fourth largest city for blockchain transactions in 2017, and approved a blockchain "100 year evolution" of a payment system known as Keychain.\nBitcoin, Ethereum and others launched blockchain technology to curb the spread of rogue currencies like Cryptovec that can crash almost anywhere.\nBitcoin gained 12 percent to $5,850 this week, as it took on smaller rivals to capture an increasing share of cryptocurrency money.\nCIBC Emerging Markets chief technology officer Ryan Burnett in an interview last year said bitcoin’s “history of fraud is a testament to the degree of anonymity, relative lack of trust, where everything runs without the knowledge of the relevant parties,” referring to traditional banks.\nThe New York Commodity Exchange is close to securing a blockchain deal with Cobalt Securities as a cryptocurrency partner, according to Burnett.\nCorrection, Feb. 25, 2018: This article incorrectly identified the impact of Cobalt Securities LP’s partnership with Cobalt Securities in the U.S. as the end of this article.\n']
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682
http://www.reuters.com/article/us-china-silkroad-summit-idUSKBN18631D?il=0
http://www.reuters.com/article/us-china-silkroad-summit-idUSKBN18631D?il=0
Ambition to meet reality as China gathers world for Silk Road summit
null
null
['Ben Blanchard']
01-01-2021
reuters.com
null
success_wayback
gen
182,132
[0.949999988079071]
['BERLIN (Reuters) - President Xi Jinping kicked off the six-day Belt and Road Summit on Monday in Berlin, cheering followers from around the world to meet his leaders in France, Spain and Germany as China’s pursuit of a modern Silk Road ring begun the 1960s.\nFILE PHOTO: Xi Jinping of China addresses a news conference during the opening ceremony of the summit between his sister Li Zheng (not seen) and President Donald Trump at the Elysee Palace in Paris, France, September 27, 2018. REUTERS/Philippe Wojazer/File Photo\nThe Xi-led summit, dubbed “Asia-Pacific Summit”, attracted leaders from dozens of countries as they discuss the call for peace across Asia, a painful reminder that China has a major structural imbalance in recent years, even as it outstrips Western powers on military spending and infrastructure.\nChina’s leaders hailed the “dignity” of an increasingly assertive continent even as they joined Washington in supporting their hemisphere neighbours as a launchpad for international economic cooperation and geo-political uncertainty.\n“China will show its willingness to pursue developments in all the dimensions of the Belt and Road,” Xi told a news conference. “Peace and connectivity are based on diplomatic, commercial and economic relations with each other.”\nChinese President Xi Jinping during the opening ceremony of the summit between his sister Li Zheng and President Donald Trump at the Elysee Palace in Paris, France, September 27, 2018. REUTERS/Philippe Wojazer/File Photo\nThe summit summit opened on an even warmer note with a speech by Xi from the days after China did a $4.5 trillion investment spree in the 1980s, but with no signs of slowing down as activists resolutely focus on China’s grievances.\nPredictably, China’s military modernization has shown no signs of abating in years, and arms shipments from India to Africa are a dream compared to the ambitions of recent high-tech rivals India and Pakistan.\nBritain’s Prime Minister Theresa May said this week that Beijing wanted to build a third world army and end aid to the Shi’ite Muslim power. A third Asian power such as China may be on the brink of conflict, suggesting Beijing might soon become a modern heartland not covered by a more unified Japan and Taiwan.\n“China can no longer hold its breath when years of recession begin to feel like years for developing North America. When the moment arises it needs to rebuild,” Thomas Pickersgill, CEO of consultancy Bain & Co, told Reuters.\nJust as central banker Ben Bernanke indicated he could no longer see China as a temporary ruler, there was no hint of forewarning when central bank governor Zhou Xiaochuan would name China’s army.\nThe meetings began, however, with a call for companies to raise skills in China for export and investment in the middle of the century.\nOne of Xi’s slogans was reminiscent of a program adopted by Europe’s leaders during the chaotic talks that followed the euro zone debt crisis three years ago.\nBEIJING\nUnder Xi, India has ramped up its investment and its economy is ready to show signs of going from zero-to-positive growth again. There is increased uncertainty about China’s intentions at home, as former IMF Managing Director Christine Lagarde has said Beijing might be forced to choose between a middle path and sacrificing long-term growth.\nEarlier, Chinese President Xi convened with a specially convened joint foreign ministers meeting in a bid to help increase China’s trade and investment.\nBut a standoff with Western adversaries over Russia’s role in Syria and European Union dealings with Tehran also has given way to fresh tensions in the region.\nSouth Korea hosted a seventh summit of major trading partners in China to put on the panel of Singapore, India and Japan that is designed to buy private help from Beijing, not negotiate with other nations or commit large sums of money.\n“This very serious situation raises questions about the candidacies of China and its various players in the Asian region in the future,” said Jane Xie, deputy director at China’s Institute of Strategic Studies.\n“There is more ambition among individuals to make China a truly international giant, and they would be very surprised if they don’t stand up for that,” she said.\n']
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683
http://www.reuters.com/article/us-brazil-corruption-lula-idUSKBN186239?il=0
http://www.reuters.com/article/us-brazil-corruption-lula-idUSKBN186239?il=0
Brazil ex-President Lula appears in court to face graft charges
null
null
['Lisandra Paraguassu']
01-01-2021
reuters.com
null
success_wayback
gen
182,133
[0.949999988079071]
['SAO PAULO (Reuters) - Former Brazilian President Luiz Inacio Lula da Silva appeared in court on Monday charged with spending thousands of dollars on lavish vacations and living the luxury lifestyle of a renowned Brazilian royal.\nIn the sprawling Tampico-area prison where he had been held since November, prosecutors have alleged that Lula spent more than $3.1 million in grand total renovation work over the next decade on luxury villas, yacht motels and private medical training rooms, according to published reports.\nIn the absence of serious criminal charges, the 81-year-old Lula could be jailed for up to 35 years and is also banned from holding public office.\nThe charges stem from an ongoing corruption probe in the state of Brazil that saw Lula and former Party of the Democratic Revolution president Dilma Rousseff accuse one another of colluding to award hundreds of millions of reais in bribes to fix their election campaigns.\nProsecutors filed the charges on Monday after deliberating 11 hours and 20 minutes during five days of open court in a Brazilian detention center.\nBut several lawyers said that the judge who presided over the trial, Francois Fontas, had ruled to maintain the secrecy of proceedings.\n“The only thing that is reasonable is for the judge to remove light screens and clutter at the front of the courtroom and have a close-up shot of the media” waiting in the wing like a credentialed judge, said Miguel Cesar Caulo, one of the lawyers who argued in favour of the punishment for the former president.\n“It was very painful for me to see a judge who had ample time to prepare a sentence,” he said, adding that Fontas’ ruling set a chilling precedent.\nThe court considers the authorities’ allegations “incorrect.” The accusations show that many judicial officials were complicit in the corruption, and many of the prosecutors are charged with collusion and corruption, criminal responsibility, on the part of the Rousseff and Lula political parties.\n“It is a ridiculous idea to slam the door on corruption in Brazil and lock up powerful leaders of corrupt politics”, said Futas, referring to the corruption charges.\nThe defendants are the sons of the Brazil’s richest man, the country’s richest woman and the country’s most famous international human rights lawyer, Patrice Lamontagne Lula da Silva. They are all suing at the country’s highest court, with lawyers said to be backing one of the men.\nPresident Michel Temer’s government has defended its decision to charge the three men while simultaneously defending its policies on foreign policy, in the face of extreme opposition from prominent critics of President Donald Trump.\nTrump, a critic of Brazilian policies, has been in Brazil since Nov. 16, when he said he considered the prosecution of Lula, Rousseff and Lula a violation of his presidency. The American Republican has also called Trump’s detention of Lula a “witch hunt.”\nSince Lula and Rousseff became elected lawmakers in 2010, Lula has squandered $56 million of government wealth on the lavish vacations and treatments he enjoyed, according to the corruption prosecutors.\nLula, who was elected president in 2011, told friends he spent $4 million to build the presidential palace and a palatial park in Tampico. According to a wiretapped wiretap the former president had complained about Rousseff and Lula’s “poor official behavior” while in office.\n']
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684
http://www.reuters.com/article/us-mideast-crisis-syria-tabqa-idUSKBN1862E4?il=0
http://www.reuters.com/article/us-mideast-crisis-syria-tabqa-idUSKBN1862E4?il=0
U.S.-backed Syria militias say Tabqa, dam captured from Islamic State
null
null
['Ellen Francis']
01-01-2021
reuters.com
null
success_wayback
gen
182,134
[0.949999988079071]
['An aerial view shows the desert after Turkish forces attacked the Abu Abu Sabayah dam, pictured in the south of the Syrian-Iraqi border town of Tabqa, January 1, 2015. REUTERS/Khaled al-Hariri\nSITE Arab Syrian Observatory for Human Rights, an anti-government group, monitor Deir Ezzor province, Syria January 1, 2015. REUTERS/Khaled al-Hariri\nSyrian opposition member Omar Hamad defends his fighters as they defend the town of Tabqa in the provincial capital of Tabqa, from Syrian fighter jets, near Hassakeh, Syrian Arab News Agency (SANA) (Courtesy: SANA)\nBEIRUT Syria\'s two major autonomous Kurdish militia groups on Tuesday hit back at opposition members they accuse of being behind the siege of Tabqa, the central Syrian town seized by the Islamic State group on Sunday.\nAbu Sabayah, whose Shiite rulers force Kurds out of the last areas held by the largely Sunni Kurdish Syrian Democratic Forces (SDF), said the SDF had recaptured Abu Sabayah on the northern Iraqi border, but it would need all available resources to fire full-scale operations of the Shi\'ite militias, which control the provincial capital Tabqa and Sunni villages in the Euphrates valley in the south.\nIslamic State controlled nearly all areas of Tabqa, also known as Jebel al-Nuf, until it was forced from the city in 2014 after intense fighting with the SDF and Turkey\'s army.\nThe Kurds captured the area on their "Western Front" that President Bashar al-Assad tried to expand to recapture his northern strongholds after his forces were captured and pushed into the countryside, and put a fresh spotlight on the Kurdish leader.\nThe SDF said it had "won" part of Abu Sabayah, and vowed to protect its Kurdish unit "satisfactorily and with due force".\nTabqa has been under siege for the past two weeks, with government forces massing in the town, including the long-range jets that were involved in fierce clashes with the SDF with Kurdish forces.\n"They make it easy for SDF troops to ambush SDF troops and ambush us," Abu Sabayah said. "They used the town as a target for people of our battalion, because we are a Kurdish entity."\nSyrian Arab News Agency (SANA) (Courtesy: SANA)\nThe Syrian Observatory for Human Rights, a British-based war monitor, said more than 600 people had been killed in the past six weeks in clashes over the town, including around 300 SDF fighters who it said were Syrian fighters.\nA source close to the SDF said it had pinned down Abu Sabayah as well as at least 8th Armored Division soldiers and fighters loyal to Abu Sabayah. SDF reinforcements had helped establish the town, the source said.\nA Turkish military spokesman said its forces had positioned their forces on the town.\n"If we can unearth the location of key positions and keep the town alive, there is no way for Syria to allow us to take this place," the spokesman said.\nThe Observatory said a sixth alliance - the Russian-backed Lebanese SDF - was now known as the Free Syrian Army.\n(Additional reporting by Mohammed Ghobari in Beirut, Antonia Vaverdi in Beirut and Yara Bayoumy in Damascus; Writing by Sami Aboudi and David Brunnstrom; Editing by Jason Webb)\n']
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685
http://www.reuters.com/article/us-aetna-obamacare-idUSKBN1862XK?il=0
http://www.reuters.com/article/us-aetna-obamacare-idUSKBN1862XK?il=0
Aetna fully exits Obamacare exchanges with pull-out in two states
null
null
['Deena Beasley']
01-01-2021
reuters.com
null
success_wayback
gen
182,135
[0.949999988079071]
['(Reuters) - Aetna Inc (AET.N) fully exits Obamacare exchanges with no sign of additional losses in two state plans this quarter, the insurer said on Wednesday, ending a major month-long exodus.\nAetna said it does not expect to incur any significant losses related to cancellations of federal health insurance contracts under the Affordable Care Act by those states. However, losses from any longer-term contracts such as employer-sponsored exchanges have been material to Aetna’s earnings per share.\nIt said the majority of of the individual Obamacare enrollments in these states that it built are affected by this kind of risk adjustment.\nCiti analyst Jay Gelb said he expected a gain of 8 cents per share from the divestiture of Aetna’s New York business. However, he said the dip in trading earnings “would be largely a function of losses of $9.5 million for those states.”\n“We think long-term terms mean a purchase price of more than $50 million,” Gelb said in a client note.\nAetna’s Health Net unit sold $260 million in contracts with 15 states over the past seven months as its plans lost bids for exchanges, generating about $80 million in losses, according to the company.\nAetna’s 2017 financial results were also affected by losses from, among other things, those states where it sells exchanges. New York accounted for 27 percent of Aetna’s year-over-year results.\n']
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686
http://www.reuters.com/article/us-crocs-stocks-idUSKBN1862FW?il=0
http://www.reuters.com/article/us-crocs-stocks-idUSKBN1862FW?il=0
Wall Street steps into Crocs, kicks stock up 17 percent
null
null
['Noel Randewich']
01-01-2021
reuters.com
null
success_wayback
gen
182,137
[0.949999988079071]
['(Reuters) - Wall Street jumped on Monday as investors shrugged off rosy economic reports that suggested the housing market was getting ready to normalize after more than two decades of underperformance.\nFILE PHOTO: The logo of footwear brand Crocs is pictured on the back of a Crocs bag at a retail fair in Westminster, Colorado September 25, 2012. REUTERS/Rick Wilking/File Photo\nThe company issued strong third-quarter earnings that surpassed analysts’ estimates, with increased overseas sales and a rise in sales at its namesake brand exceeding expectations.\nAdditionally, Crocs reported a 4 percent jump in fourth-quarter revenue, slightly outpacing the 24 percent drop that analysts had forecast.\n“Many large technology names have had big earnings surprises over the last couple of years, but today’s results have been nothing like that,” said Jay Mintz, an analyst at Westwood Capital in New York.\n“A lot of people are paying for Zappos and Jawbone, but Zappos has been growing in the hundreds of millions of dollars per year. So that didn’t surprise me today,” he said.\nAs analysts have been asking, “What’s a stock right now?” for years, that’s actually what former “Exhibit C” investor and Wall Street darling Robert Kyncl — who rose after the company reported profit and sales growth last year — did.\nShares of Crocs rose 17 percent to $53.23 in early trade. The company said they earned $40.4 million, or 24 cents per share, in the third quarter ended Dec. 30, versus $35.6 million, or 13 cents per share, a year earlier.\nRevenue jumped 15 percent to $84.2 million, meeting the midpoint of analysts’ expectations. Net income rose 20 percent to $29.9 million, or 14 cents per share, from $14.6 million, or 10 cents per share, a year earlier.\nZappos, Wall Street’s best performing tech stock this year, rose 6 percent to $35.88.\nThe shares had hit an all-time high of $42.65 when Kyncl, who has had some tactical moves on his short-seller blog and has called an “accelerating bubble” in the industry, was widely quoted as saying Zappos was on the precipice of a turnaround.\nHowever, with Crocs’ fiscal third-quarter sales exceeding analysts’ estimates, Zappos now looks more like a buy, including a chance to reclaim the $30-a-share it lost in 2012.\n“Crocs has acquired a lot of this stuff over the last few years, particularly in Europe, and certainly in the U.S.,” said Abhishek Thakur, an analyst at Edward Jones in St. Louis.\nZappos shares, which closed at $35.86 in the first half of 2018, have been pummeled for most of the past two years. Earlier this month, Bloomberg reported a sale of the company to Facebook was recently under review by the Justice Department.\nAnalysts, however, were skeptical.\n“In this growth market, you want to get as far as you can before you look at the valuation,” said Andrew Bryan, an analyst at Jefferies & Co. “The bottom line is, the IPO is in the next 12 to 18 months, and then we are looking at a continual decline of value going forward.”\n']
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687
http://www.reuters.com/article/us-usa-immigration-canada-taxi-idUSKBN1861EL?il=0
http://www.reuters.com/article/us-usa-immigration-canada-taxi-idUSKBN1861EL?il=0
A Trump supporter, and his cab, play unexpected role in escape to Canada
null
null
['Melissa Fares']
01-01-2021
reuters.com
null
success_wayback
gen
182,138
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['HERHERNANDEZ, La. (Reuters) - A few steps from a crowd gathered in her hometown of Her Herning, La., Thursday, a driver plunged six steps from a wooden bench to a truck, sent shrapnel through his body and pierced through the gut.\n“We are looking for her,” said her 20-year-old son Raymond Alain, who drove home with his wife, Tammie, from their holiday home in Her Herning, La. “They didn’t know how to respond because there is nothing in here.”\nRaymond lost his leg in the accident and suffered serious head injuries. The Alains’ union created a nonprofit to help people with traumatic brain injuries. But even with help, he and his wife remain anonymous.\nMembers of the California Association of Realtors gathered in a downtown plaza Thursday to ask for an outside help, including the case of Her Herning taxi driver Jose Torres.\nTorres, 41, a bus driver who had only recently moved to Los Angeles from France, was going to a comedy concert when he drove his vehicle into the crowd outside.\nTorres watched a gang of a French conscript swarming into his home. But instead of hoping for a shooting scenario, he decided to head home after spending time in Los Angeles playing basketball and watching movies.\nROBOTLESS CAR PLANS\nTorres decided to head back to his home in Herning, La., on Tuesday night.\n“He’s not a terrorist. He didn’t strike this crowd. We want her,” Alain Alain, who lives next door, said.\nA couple of hours later, a white man who looked like Mel Smith, a New York City police officer in uniform, exited a car in the city’s historic Ville Marie St. There was gunfire.\n“He slipped into the street, walking away. That really could be what caused this,” said Jose Torres, the cab driver.\nA video is seen outside of a Her Herning newspaper office as the truck driver checks his car\nCab driver Jose Torres, right, stands with a bag of Cheetos, a snack from the restaurant on the wall of a parking garage ahead of a scene shot inside a video called Her Herning Taxi Drivers Association, in Herning, La., January 1, 2017. Rob Ferrari\nSerious injuries were reported in both cases. Torres’ son was grazed by a bullet and his wife was grazed by a bullet, according to a news release from the association’s website.\n“We will do whatever we can to help the driver and his family go back to school,” said Fernando Gutierrez, president of the association.\nTorres and his wife were undergoing treatment at the Sandy Hook Rehabilitation Hospital in San Diego, where a dedicated trauma team met with their family, Alain said.\n']
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688
http://www.reuters.com/article/us-whole-foods-jana-idUSKBN1862KO?il=0
http://www.reuters.com/article/us-whole-foods-jana-idUSKBN1862KO?il=0
Whole Foods shakes up board, appoints new CFO
null
null
['Michael Flaherty and Lauren Hirsch']
01-01-2021
reuters.com
null
success_wayback
gen
182,141
[0.949999988079071]
["(Reuters) - Whole Foods Market Inc (WFM.O) has appointed a new chief financial officer and its chairman, overseeing an effort to revamp its troubled but effective board and attract new investors.\nThe co-founder and Chairman Barry Sanders speaks at an event marking the company's 20th anniversary in New York, U.S., September 24, 2018. REUTERS/Lucas Jackson\nJennifer Chen’s overhaul is overseen by now-fired veteran Mike Taylor, who served as the company’s CFO and then as chairman. Chief Executive Maxwell House Holdings CEO Ray Jansen will become an adviser to the board.\nUnder the structure, Whole Foods, which already owns one of the nation’s largest food stores, plans to streamline its management structure, including streamlining its executive compensation.\n“The board has come to realize that we need to accelerate growth,” VeriFone Capital Partners Chief Executive Laurence Gellman said.\nWhole Foods had been facing financial difficulty since sales fell 22 percent in the third quarter after the onset of Hurricane Harvey. Since then it has bounced back to meet Wall Street expectations.\nTaylor is its president and the company’s second-largest shareholder with 5.4 percent of the company’s shares.\nWhole Foods, controlled by billionaire investor Barry Rosenstein, has fallen from No. 5 in the S&P 500, with the stock having traded at an average P/E of 9.5 in the last year.\nIn October, the company announced that its board had appointed a group of nine independent directors to serve on the company’s board in the hope of strengthening its capital structure.\nBut the group is unlikely to recommend a return to normalcy, as the board’s 16 member retirement will be held until the company completes an investigation into how those affected will receive compensation.\nWhole Foods has retained an outside firm to explore whether it should be allowed to redeem preferred shares used to buy its shares. This could further delay the completion of the redemption.\nTaylor told shareholders on Nov. 24 that he intended to retire in 2021, pending the outcome of the review.\n“I’m going to be pleased to retire early because this is a long process,” said Taylor, 58, during an interview after the meeting.\nWhole Foods said the dismissal and separation of other independent directors had not been discussed during the meeting.\nThe company, founded in 1916, has 116,000 stores in 38 states and Puerto Rico. It operates 2,600 and 825 supermarkets.\nShares of Whole Foods closed at $32.52 on Thursday on the New York Stock Exchange. They were down 33 cents, or 1.9 percent, over the last year.\n"]
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689
http://www.reuters.com/article/us-venezuela-politics-idUSKBN1862V3
http://www.reuters.com/article/us-venezuela-politics-idUSKBN1862V3
Venezuela protesters fling feces at soldiers; unrest takes 2 more lives
null
null
['Andrew Cawthorne and Carlos Rawlins']
01-01-2021
reuters.com
null
success_wayback
gen
182,142
[0.949999988079071]
['CARACAS (Reuters) - Thousands of Venezuelan opposition activists and government supporters have flocked to the streets to protest against President Nicolas Maduro and in the worst violence seen since last year’s popular uprising, bloodshed and looting, police and opposition activists said on Tuesday.\nMaduro has accused security forces of being “screwed” and urged activists to increase their efforts to hold talks with the U.S. State Department over sanctions imposed on his government.\nTens of thousands of leftists have already called for protests against the socialist government and arrested several top officials including Maduro, ex-president Hugo Chavez and the country’s independence leader Henrique Capriles.\nTwo of those arrested were his last government loyalists, the opposition and rights groups said.\nOn Monday, protesters in the eastern city of Cabello — the nation’s third largest city — flocked to the streets and demanded that Maduro step down and that he “sabotage” pro-government rallies to prevent protests.\nMaduro responded angrily, accusing what he called “screwed hands” and holding fast to those who’ve led a government that he blames for millions of deaths, a return to democracy and the region’s biggest oil export.\n“Anything or anything is possible, but unfortunately some from us have been allowed to organize the day before by the state,” he said, in remarks broadcast by state television and other outlets.\nSince last Thursday, opposition activists and activists have been under cover to vent their anger over Maduro’s latest crackdown on people protesting against his government. The focus of the unrest has been on impassable roads and limited access to healthcare.\nPolice still appeared reluctant to put out any violence because of protests across the country, including in the oil-producing San Antonio, state prosecutors’ office said, adding they had not yet begun a criminal investigation into those arrested.\nThe United States imposed sanctions last week on Venezuela for its defense sector, accusing it of destabilizing neighbouring countries and of funding and arming violent groups in Latin America’s biggest economy.\n“These scenes are a clear indication that Maduro has decided to threaten Cuba’s severing ties with the United States, and stir up trouble by suppressing free speech,” wrote Amnesty International (Amnesty International) researcher Eduardo Patu in a commentary.\nMaduro, a leftist who served as Venezuela’s military ruler from 2005 to 2011, has earned international condemnation for gradually fuelling a crisis that has sent inflation over 50 percent and forced millions to flee their homes.\nFollowing the widely criticized pro-government demonstrations, security forces opened fire. Several civilians have been killed by the violence, with some escaping into the streets.\nThe opposition says the escalating violence has been carried out by state security forces, who they accuse of attacking opposition members. Some opposition activists are said to have been arrested after protesting in the city of Accra.\nVictor Pozos, a human rights lawyer, said the violence showed the types of repression that Maduro has effectively imposed in the past four years.\n“In the past few months we’ve been seeing clearly a large increase in violence against freedom of expression and of the rule of law,” Pozos said.\n']
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690
http://www.reuters.com/article/us-snap-results-breakingviews-idUSKBN18631T
http://www.reuters.com/article/us-snap-results-breakingviews-idUSKBN18631T
Snap lays an egg worthy of Twitter nest
null
null
['Jennifer Saba']
01-01-2021
reuters.com
null
success_wayback
gen
182,143
[0.949999988079071]
["Feb 1 (Reuters) - It was nearly a year ago when Twitter co-founder Evan Spiegel announced he was leaving the company to become a venture partner at Venrock. The following December, the company announced that Spiegel had joined its existing limited partner “Gizmodo” group.\nInstantly, Twitter exploded, racking up over 100 million monthly users, young businesses managing more than 6 million monthly users and a more than three-fold increase in total revenue to $18.6 billion.\nAfter all this time, though, Spinner is unable to reap the rewards of the company that he began as a message app engineer. At 15, he has done nothing but keep the Twitter brand alive.\n“It’s an amazing accomplishment and fantastic feeling to be that close to saying, ‘I was willing to tell this story for this company,'” Spiegel said.\nA few years ago, two weeks after Spiegel’s LinkedIn profile posted one of his Twitter plans, Twitter’s public cloud service that handles its services in the cloud was considered a top priority.\n“I thought, what are we doing this for?,” one high-profile Twitter figure said.\nSpiegel responded with about a year and a half of planning to follow, but things didn’t quite fit in well. The news was embarrassing to investors, scaring more than 1,000 tweets out of one of his most well-known followers. In hindsight, Spiegel acknowledged that he made the decision right on time.\nTwitter’s share price dropped to $26 from $73 late last year, while investors fretted about Spiegel’s failure to secure a fresh start.\nTwitter shares slipped to $25 in January, the same day Spiegel announced that he was leaving the company. (Reporting by Jennifer Saba in New York; Editing by Lisa Von Ahn)\n"]
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691
http://www.reuters.com/article/us-merck-co-lungcancer-idUSKBN1862Y2
http://www.reuters.com/article/us-merck-co-lungcancer-idUSKBN1862Y2
U.S. FDA approves Merck immunotherapy/chemo combo for lung cancer
null
null
['Bill Berkrot']
01-01-2021
reuters.com
null
success_wayback
gen
182,146
[0.949999988079071]
['(Reuters) - The U.S. Food and Drug Administration on Tuesday approved the Merck & Co Inc’s new inhaled immunotherapy/chemo combo aimed at treating lung cancer.\nThe agency also approved Merck’s other treatment approach, a smaller dosing-resistant immune checkpoint inhibitor, for treating inflammatory bowel disease (IBD) that affects around 2 million people in the United States, a significant growth opportunity.\nRoche is approved for treating IBD, but Merck also makes a new immunotherapy called MRSA-I prevention, all of which are developed as part of immunotherapy.\nMerck said its combination product could help prevent more than 4,000 cases of IBD annually in the United States.\nMerck shares are up about 2 percent at $99.25 as of 9:55 a.m. ET. The stock has risen about 9 percent this year.\nMerck’s patents on Merck’s immunotherapy and rapid growth therapy are worth about $100 billion, helping drive a stock surge more than 40 percent this year.\nThe drug is designed to boost the immune response in cancer by blocking mucopolysaccharidase (MPS), a protein that acts to break down the tumor wall.\nMerck is also using the Merck drug Xalendron, which could lead to a longer treatment regimen for IBD.\nMerck shares were up 2.9 percent at $27.48.\nAoyuan Resources Ltd , a Chinese miner, plans to expand its operations in the U.S. on Tuesday to build its Barquessa mine in neighboring Kazakhstan. [ID:nSGE68G0CO]\nOdyssey Natural Resources is seeking to complete a bankruptcy exit from bankruptcy proceedings in March, the company said in a filing with the U.S. Securities and Exchange Commission. [ID:nN0147196]\nSeparately, China Financial Times Ltd has proposed a buyout offer worth $4.95 billion for Australian assets it owns, in a high-profile bid for American assets that is expected to be required by regulators to close in June. [ID:nN0147219]\n']
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692
http://www.reuters.com/article/us-usa-education-devos-idUSKBN18625L
http://www.reuters.com/article/us-usa-education-devos-idUSKBN18625L
Graduates at Florida university turn backs in protest of DeVos speech
null
null
['Bernie Woodall']
01-01-2021
reuters.com
null
success_wayback
gen
182,148
[0.949999988079071]
['HONOLULU (Reuters) - When an elected official of the University of Florida revealed that students at the prestigious Black Enterprise school should be able to get jobs if they graduated before at least 2020, they turned their backs on the premier U.S. university that cared about their futures.\nU.S. Education Secretary Betsy DeVos announced on Friday that she would use an influential position in her administration to change the way colleges and universities are able to hire and pay for graduates.\nStudents had organized a two-day walkout on Thursday to support the goal to reduce the gap between rich and poor in a speech DeVos delivered at an investment conference in Wilton Manors.\n“Our critics call us racists because we go to classes! But we don’t. We don’t feel bullied by big banks,” the speech featured in the magazine BuzzFeed.\nDeVos asked the group to protest in a letter from Chair of the National Board of Governors Robert Wilkins, a key player in ending the flood of graduates from the black community, and Harvard University President Drew Faust, who hosted the conference.\n“I should point out, this is not about taking away the jobs of future America,” DeVos said. “This is about helping young people transition into poverty, so they never feel like they have a second chance, or they no longer receive the same opportunities we offered them.”\nDeVos also pledged to extend the end of life to all potential first-time hires at the University of Florida if her administration is successful in getting at least 1.8 million students a job, and to transfer to three or four Florida colleges after graduation.\nThe University of Florida, the state’s leading Black university, last year gave its first $20 million in initial investments to two Rust Belt universities to help expand Florida’s top-notch black undergraduate program, The Wilkins Foundation said.\nUniversity Director Karen Hawke reported enrollment of about 2,000 in 2016 and told CNN in November that it was on track to hit the goal of 2.8 million.\n“This is the biggest community college in the country, and the amount of opportunities that now exist at four Floridians and Broward County, will certainly increase” in the years to come, she said.\n']
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693
http://www.reuters.com/article/us-usa-trump-winebar-lawsuit-idUSKBN1862PI
http://www.reuters.com/article/us-usa-trump-winebar-lawsuit-idUSKBN1862PI
Trump claims absolute immunity from D.C. wine bar’s lawsuit
null
null
['Jonathan Stempel']
01-01-2021
reuters.com
null
success_wayback
gen
182,150
[0.949999988079071]
['FILE PHOTO: British actor Sting attends the 65th Annual NAACP Image Awards at the MGM Grand Garden Arena in Las Vegas, Nevada on Sunday, August 22, 2017. REUTERS/Rick Wilking/File Photo\nWASHINGTON (Reuters) - President Donald Trump on Thursday filed an unprecedented antitrust lawsuit to prevent a grocery chain from selling a recipe for White House wine which is believed to be superior to a 2011 version, accusing the U.S. Justice Department of failing to back off from upholding a complaint.\nTrump’s lawsuit against Winehouse Cuisine LLC charges wine is “absurd” and would hurt “Western economic tradition, national security, and the heritage of the American food system,” according to the lawsuit filed in federal court in Washington state.\nThe 14-page lawsuit also cites an email sent to Winehouse by former Chief of Staff John Kelly, who had referred to the kitchen used by White House chefs as a “cheery laboratory.”\nWinehouse co-founder Francesco “Sweet” Urnati and Urnati, both of whom had joined Trump’s presidential campaign, were asked by the Justice Department in October 2017 to provide evidence that wine was superior to other White House recipes in the dietary program.\nThe case in U.S. District Court in Washington is Winehouse Cuisine LLC v. United States, Case No. 96/2731.\n“The facts for this litigation are completely unprecedented and represent a non-honestly unsupported attempt to alter a nondisclosure order pursuant to the hundreds of thousands of documents in this case,” the lawsuit said.\nKelly, a White House adviser who said he opposed selling white wines to the White House, was appointed in October 2017 by Trump and confirmed as a U.S. senator as he temporarily withdrew support for an investigation into whether Trump had any ties to Russian President Vladimir Putin’s campaign.\nIn the case, Winehouse Cuisine alleges it is prohibited from selling White House White House Wines because its designation as an “understanding to wines” has become a “historical function.” The plaintiffs said that because of that designation, it is unlawful.\nThe White House wine program is not described in the lawsuit. It says the case is asking for all the documents related to White House White House Wines since it involves White House foods.\nTrump “is an emperor for serving his own people and not others,” he said in a tweet.\nIn a statement, Winehouse said it and Urnati “carefully consulted with thousands of experts from across the country” and “expressed concerns about the health of White House Wines following its reports on the 2013 White House tasting menu.”\nWinehouse is an investor in Winehouse Cuisine.\nThe company has not responded to requests for comment.\nLawyers for the Justice Department declined to comment.\nThe case is Winehouse Cuisine LLC v. United States, Case No. 96/2731.\n']
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694
http://www.reuters.com/article/us-usa-stocks-idUSKBN1861HA
http://www.reuters.com/article/us-usa-stocks-idUSKBN1861HA
Wall Street mixed after Trump fires FBI head; Nasdaq hits record high
null
null
['Noel Randewich']
01-01-2021
reuters.com
null
success_wayback
gen
182,152
[0.949999988079071]
['SAN FRANCISCO (Reuters) - U.S. stocks were mixed on Tuesday as investors hesitated to get ahead of an unfolding probe into alleged Russian meddling in the 2016 U.S. presidential election and a Federal Reserve meeting on Thursday.\nFILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 10, 2018. REUTERS/Brendan McDermid/File Photo\nThe Dow Jones Industrial Average .DJI rose 18.25 points, or 0.03 percent, to 20,548.58 while the S&P 500 .SPX gained 1.05 points, or 0.01 percent, to 2,565.08 and the Nasdaq Composite .IXIC added 3.33 points, or 0.02 percent, to 6,909.07.\nThe S&P 500’s top 10 components all posted gains, with the major banks .SPSY providing the largest single outperformance among sectoral performers. Their gain of 26 percent surpassed the S&P 500’s 19 percent gain for the previous week.\nIn the Nasdaq, advancers outnumbered decliners 1,211 to 966, with advancers topping out 1,250 to 562.\nBullish bets on the S&P 500 slid in the late afternoon to the lowest level since early November.\nAdvancing issues outnumbered declining ones on the NYSE by 1,974 to 2,179, for a 1.84-to-1 ratio on the upside; on the Nasdaq, 1,304 issues fell and 1,255 advanced for a 1.44-to-1 ratio favoring decliners.\nThe S&P 500 index showed a 192.93-point gain, or 1.16 percent, above its 200-day moving average of 294.96 points.\nU.S. stocks are set to open higher on Wednesday as stronger-than-expected data shows demand for U.S. Treasury debt has picked up.\n“Why have you been buying this market?” said U.S. Treasury Secretary Steven Mnuchin, noting that Treasuries yields fell for a fifth day on concerns about the ongoing probe into Russia’s election meddling.\nU.S. Federal Reserve Chair Janet Yellen and many other Fed policymakers are due to review their outlooks for interest rates. Yellen was due to speak at the annual meeting of the Board of Governors of the Federal Reserve Bank of New York, scheduled for Thursday in Washington.\nA group of hedge funds and banks, including Citigroup Inc CIBE.N, issue M&A reports in advance of the meeting.\nAdvancing issues outnumbered declining ones on the NYSE by 1,445 to 816, for a 1.91-to-1 ratio on the downside; on the Nasdaq, 1,456 issues rose and 611 fell for a 1.77-to-1 ratio favoring advancers.\nThe S&P 500 posted 10 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 71 new highs and 146 new lows.\n']
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695
http://www.reuters.com/article/us-snap-results-preview-idUSKBN1861TI
http://www.reuters.com/article/us-snap-results-preview-idUSKBN1861TI
Snap’s first earnings to shed light on battle with Facebook, Twitter
null
null
['Angela Moon and Saqib Iqbal Ahmed']
01-01-2021
reuters.com
null
success_wayback
gen
182,155
[0.949999988079071]
['(Reuters) - Snap Inc’s much-anticipated initial public offering will shed light on the network’s overall strategy and go beyond trying to address how businesses interact with users on Facebook Inc’s video app.\nPeople stand at a stock gate at the Facebook Open Platform Conference in New York, U.S., December 11, 2017. REUTERS/Brendan McDermid\nThe quarterly report showed the fledgling business is so late in realizing its potential that Facebook last month suspended the apps on Snapchat and Instagram.\nIn a way, “Snap is taking a fast lesson in how to be a cool company,” Mark Zuckerberg, chief executive officer of Facebook, said during the call. “With Snap, we’re fundamentally providing an amazing user experience to people.”\nSnap’s top executives said they plan to use the company’s 1 billion users’ data, which include millions of accounts and self-reports, to create business models aimed at attracting more millennials in the mass market.\n“People are excited about this kind of high-growth enterprise. ... We need to build a better phone, a better tool and a much more built-in sensor,” said Snap Chief Financial Officer Emily Varma.\nSnap now occupies 12 percent of all active U.S. minutes online, a $13 billion market estimated by industry analysts to grow to $72 billion by 2021, according to company estimates.\nThat share is growing at an alarming rate as millennials, increasingly tech-savvy consumers, exit the dating culture with smartphones at their beck and call.\n“We want to bring people to Snap by enabling them to be cool or ‘normal’ in a way they like,” Varma said.\nSnap’s investors will get about 30 percent of the pre-IPO value, she said.\nTWITTER OUTSIDER?\nBut the breakup of the platform may serve as an opportunity for Snapchat and Instagram to show users what they can do on the platform.\nWhatsApp, founded by Facebook co-founder Mark Zuckerberg’s son, is viewed by a million U.S. users. They send photos to friends in an activity that leaves them to enjoy the rest of their lives.\nLike Snap, both businesses focus on product features. Snap said it plans to create direct comparisons between apps.\n“[S]ome product things people want, things people can be excited about,” said Adam Bain, head of strategic partnerships at Instacart, one of the firms that ran a Snapchat testing phase last year.\nOne key quality the company has mastered in its first three months is getting customers to create a queue of pictures that they want to view.\n“Are you guys going to take that into account?” Varma said.\nAt the same time, the company plans to test videos for its own app through its “Sappoconferencing” feature that allows customers to beam sound and video through Snapchat and Instagram feeds without getting into a separate, “ring of microphones”.\nInstagram is expected to unveil its own “sappoconferencing” product later this year as well.\n']
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696
http://www.reuters.com/article/us-usa-russia-idUSKBN1861V4
http://www.reuters.com/article/us-usa-russia-idUSKBN1861V4
Trump meets Russia foreign minister amid Comey controversy
null
null
['Arshad Mohammed and Steve Holland']
01-01-2021
reuters.com
null
success_wayback
gen
182,157
[0.949999988079071]
['WASHINGTON/FRANKFURT The president of Russia on Friday called his former national security adviser, Michael Flynn, to ask him to resign on "voluntary" grounds.\nFlynn resigned on Dec. 17 after the admission that he had misled the White House about his conversation with Russian Ambassador Sergey Kislyak in early 2017, a conversation which triggered fresh questions about the president\'s handling of the travel ban and high-level transition efforts.\nThe White House said on Thursday he was wanted on criminal charges, a step Trump opposed. But the administration quickly indicated they would likely dismiss him.\nPresident Donald Trump, who suggested in a statement on Dec. 21 he wanted the then-Fox News host to resign over his answers to a panel of Russian diplomats, did not comment on Flynn.\nAsked by reporters on Friday whether he understood what was at stake for the future of the Trump administration, Trump said: "We have the opportunity now, in my judgment, to have our next national security adviser look on the record and objectively weigh it."\nFlynn, a former top adviser to Trump who served as Trump\'s national security adviser for eight months during the election campaign, resigned from his post on Dec. 24, just weeks after he was captured on an FBI wiretap in New York in what might have been a violation of U.S. government law.\nHis departure came days after U.S. intelligence agencies concluded Russia interfered in the U.S. election campaign. There have been few public details about Flynn\'s treatment at the hands of the Russians.\nMoscow was also being probed by the FBI over alleged ties to the Russian government, with the U.S. government investigating whether Trump and Vice President Mike Pence, even as he was trying to build his campaign, sought to undermine him.\nTrump also spoke by phone with Russian President Vladimir Putin on Wednesday. "I look forward to seeing him very quickly. It\'s very important to me that he get his head out of the sand and work on moving forward with his agenda," Trump said in a Twitter message.\nThe White House was not immediately available for comment on why the Flynn resignation was not taken seriously.\nTrump has avoided commenting on Russian President Vladimir Putin\'s recent comments, although Russian news media cited them in the past as telling the president to take a week\'s vacation.\nThe U.S. intelligence community\'s initial assessment had been painted as a hard-fought victory for Putin and his efforts to destabilize Eastern Europe and bolster the West.\nU.S. officials have said that the Clinton campaign and Podesta employees worked with Russians to interfere in the presidential election, but the Clinton campaign has denied any wrongdoing.\n(Reporting by Arshad Mohammed and Steve Holland; Additional reporting by Sharon Bernstein in Washington; Editing by Ben Klayman and Jonathan Oatis)\n']
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697
http://www.reuters.com/article/us-uber-tech-crime-idUSKBN1862TE
http://www.reuters.com/article/us-uber-tech-crime-idUSKBN1862TE
Portland, Oregon, authorizes subpoena over Uber software tool
null
null
['Terray Sylvester']
01-01-2021
reuters.com
null
success_wayback
gen
182,161
[0.949999988079071]
['A man walks past an Uber app window on the porch of his home in Portland, Oregon November 6, 2017. REUTERS/Terray Sylvester\nMILFORD, Ore. (Reuters) - A Portland, Oregon, based author of the book “Unconnecting” has been subpoenaed by U.S. authorities in connection with an Uber ride-hailing app that uses a computer-aided design engine to get around, according to a spokeswoman.\nThe event with the subpoena, which will go on hold at the end of this month, could lead to more prosecutions or civil judgments, according to the spokeswoman, Julie Lorenzwepp.\nThe subpoena involves the use of a software startup known as L/Realie (LRE).\nUber drivers in Kentucky and Maine are routinely called people who are trying to go out of their way to hitch rides and many walk away unaware of their destination, Lorenzwepp said.\nA lawsuit filed by Uber in Massachusetts alleging that Uber used a program called L/Realie to start losing riders was thrown out by a federal appeals court. Uber subsequently dropped the lawsuit.\nUber has said its program is crucial to its quest to gain drivers and customers.\n']
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698
http://www.reuters.com/article/us-nvidia-toyota-self-driving-idUSKBN1862M5
http://www.reuters.com/article/us-nvidia-toyota-self-driving-idUSKBN1862M5
Nvidia says Toyota will use its AI technology for self-driving cars
null
null
['Alexandria Sage']
01-01-2021
reuters.com
null
success_wayback
gen
182,162
[0.949999988079071]
["HONG KONG (Reuters) - Chief executive officer of video games powerhouse Nvidia Corp (NVDA.O) said the company will use its own AI software and other hardware to develop autonomous cars on the market in the coming years.\nNvidia's chief executive officer, Jen-Hsun Huang, attends a news conference in Taipei, Taiwan, September 19, 2017. REUTERS/Tyrone Siu\nScott Stein, Nvidia’s chief technology officer, said at the UBS Global Technology Conference that Nvidia will use its own machine learning capabilities and artificial intelligence (AI) tools to help drive intelligent cars.\n“Our goal in terms of exploring what AI technology is available today is to take it a step further from the sort of road maps we now have and give consumers that means they can enter an environment that is like an experience or a guide to their own brand,” Stein said.\n“The second thing is to help that consumer learn about self-driving cars before they get to a specific level. So I can pick up multiple perspective points with different people and allow that to be defined in terms of improvements that can allow us to advance that as we develop a model,” he said.\nNvidia also has a driverless car strategy, one of its key products.\nThe company, which is among the most ambitious automakers in the world, said it will accelerate development of self-driving cars and AI tools. It aims to take those technologies to work in over 100 projects and upgrade them each year.\nNvidia will leverage artificial intelligence (AI) and deep learning (deep learning), Stein said. Those capabilities can help to develop driverless cars from the ground up.\n“We will do so before they are ready on the road. And then we will do it more time a year a year, a month a year, a year for at least nine months. I know,” he said.\nStein was speaking about Tesla (TSLA.O) and electric carmaker is due to present full-year results at the end of the month.\n"]
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699
http://www.reuters.com/article/us-linde-shareholders-idUSKBN1860WJ
http://www.reuters.com/article/us-linde-shareholders-idUSKBN1860WJ
Linde chairman survives protest vote over Praxair merger
null
null
['Georgina Prodhan and Jörn Poltz']
01-01-2021
reuters.com
null
success_wayback
gen
182,168
[0.949999988079071]
['BERLIN/ISTANBUL (Reuters) - The chairman of Austria’s private defense firm Praxair has survived a protest vote over a proposed purchase of some Norwegian defence firms, according to media reports on Sunday.\nGenn-Monbeek Postblatt newspaper said Enterprise Steinmeier, previously the party’s presidential candidate, survived a 2-1 vote on Sunday, bypassing the minister in charge of the Ministry of Defence, and former Cabinet minister Jan Lieksen.\nGenn-Monbeek Postblatt said Kirig Bjarsson, a member of the Social Democrats’ coalition government, opposed it at the meeting, saying he could not accept the company’s proposal.\nThe Christian Democrats (CDU) will “free from the threat of this decision at the very time when tomorrow it is ready for the public”, the CDU’s Oskar Lorenzen said.\nThe vote in the party’s new parliament is important because is likely to revile the eastern region of the government, which is embroiled in feuding with a sizeable coalition partner as it tries to reach out to grass roots groups and a rural campaign, after feuding over a generation of high-profile projects.\nEarlier, in October, the head of the ministry received a similar protest over Praxair’s takeover of Norwegian defence firm Saorthst.\nThe buses from Saorthst, whose shares are worth over 10 billion crowns ($1.6 billion), arrived at the Frankfurt Stock Exchange’s main equities floor early on Sunday after an official announcement was issued.\nA decision on the purchase was expected to be taken at a parliamentary committee later on Sunday.\nThe daily asked Enterprise Steinmeier’s cabinet in November if the businessman, who also sits on the board of Norwegian defence company RBS [RRGB.UL], who is named on the dais, would be willing to help secure the purchase.\n“The cabinet can not exclude any possibility of a future discussion,” deputy chancellor Asbjorn Hassnstad told BND in an interview.\nWARDAN GATE TO BE REJECTED\nThe four cabinet ministers were not immediately available for comment.\nPrior to the vote, Prost Nicola, head of the centre-left FJ (JLD) coalition party, said he was “very concerned” by the takeover.\nA statement later said Glengard-Fischer and Spurgift would veto the bid, with Spigift’s former company, Aeardel, “ruining the promise to build a military museum in Norway”, and Spigift’s defence division.\nRaiffeisen Bank International (RBM) will sell its 49 percent stake in Praxair to Praxair for 22.2 billion euros ($29.5 billion), the paper reported.\nGulfstream, formerly Praxair’s largest shareholder, was able to ward off the takeover offer after coming up with an alliance with Norwegian peer Aetna. Sources told Reuters last week that the government planned to shift its focus to domestic markets, potentially opening the door to private buyers from less well-regulated sectors.\nThe government won a large parliamentary majority in a new coalition government, last February, which is in line with Schroder’s political magic.\nEarlier this month, Praxair presented its plan to buy Norway’s biggest defence company, Askus. It had rejected a bid from Visionexus, which Aetna said was a clean takeover target.\nFollow Georgina Prodhan on Twitter @georgina0 and Jörn Poltz on Facebook.\n']
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