Datasets:

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http://www.reuters.com/article/us-usa-trump-fbi-idUSKBN1871I7

http://www.reuters.com/article/us-usa-trump-fbi-idUSKBN1871I7

Trump attacks on fired FBI chief meet resistance; Russia probe proceeds

['Patricia Zengerle and Arshad Mohammed']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump applauds during a statement announcing that he has hired Mike Pompeo as National Security Advisor after the U.S. presidential election, at the White House in Washington, U.S., November 17, 2017. REUTERS/Yuri Gripas\n(Reuters) - U.S. President Donald Trump on Saturday sent in new staff in response to the firing of fired FBI Director James Comey, pressing for the FBI’s independence from Trump’s campaign team and accusing the agency of looking the other way on the November 8 election.\nTrump on Friday said that Comey should resign rather than fire him, before the Republican president imposed his first series of fired FBI directors on the departing prosecutors.\n“The Republicans have paid very little attention to the other outcome,” Trump said in a tweet. “Spies. That is soooo important!”\nComey was not fired as a result of the Russia investigation and Comey’s controversial testimony before the House Intelligence Committee during the President’s recent visit to Moscow for the closing meeting of his foreign policy advisory committee.\nTrump’s dismissal of Comey was the culmination of a series of increasingly feisty negotiations between the two presidents over the FBI’s investigations into Russia’s interference in the 2016 U.S. presidential election and possible ties between Trump associates and Russia’s president.\nHis call for the FBI to be more independent and say to anyone with secrets about his administration was a publicity stunt. It came as Trump accused Congress of fiddling with legislation that allows him to dump the person who fired him.\nDespite the flurry of firings by government officials and his executive order to temporarily ban travel to the United States from seven mostly Muslim nations, President Trump did not appear in favour of any of them.\nThe firing of Comey will provide ammunition for Democrats to take up the Russia probe, which emerged largely from former FBI Director Robert Mueller’s investigation.\nDemocrats have stressed the importance of former FBI Director Christopher Wray to “make sure the Trump Administration does not renege on its promise to appoint the next director, without scrutiny from either members of Congress or the Republican-led Congress,” said Delia Sammartino, director of Washington Advocacy and Legal Policy at Citizens for Responsibility and Ethics in Washington.\nAll 435 members of the House of Representatives and two of the seven Senate seats are controlled by Republicans, who have offered to appoint them.\nDemocrats have pushed for several Republicans, including Sammartino, to step aside and go public with their view on the Russia investigations.\n']

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http://www.reuters.com/article/us-usa-trump-russia-idUSKBN1872Y6

http://www.reuters.com/article/us-usa-trump-russia-idUSKBN1872Y6

What we know about U.S. probes of Russian meddling in 2016 election

['Amanda Becker']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A major U.S. investigation into the U.S. election campaign and any related meddling has yet to be approved by the White House, and the probes could be put to a vote in Congress as early as Jan. 4, according to Senate Judiciary Committee Chairman Chuck Grassley.\nFILE PHOTO: A view shows the U.S. Capitol with a portrait of U.S. President Donald Trump, at the Capitol in Washington, U.S., July 13, 2018. REUTERS/Jonathan Ernst/File Photo\n“My thought now is we will get this request tonight, and I hope in those hopes that we will get that request tonight,” Grassley said during a news conference after a hearing on whether a White House official’s letter to the senator came before the hearing in the Senate Banking Committee.\nThe vetting process for an FBI subpoena, Grassley said, could be wrapped up in the “very near future.”\n“It will be very long before that happens, and that has been my thought for a while,” Grassley said of the first such request in the committee’s 67-member panel.\nThe May 2016 letter from the director of national intelligence that read “to all concerned” appeared to give the White House some order, but Grassley said the committee’s concerns over issues including the discussion of visa requirements and foreign meddling in U.S. elections were being “heard and, frankly, examined” and worked out during a December hearing.\nWhile the inquiry is still at the top of the agenda, Grassley said that he wants to hear the report and also get a preview of what to expect from the report.\nThe hearing was a day after late Democratic Senator John Franken of Minnesota said Congress should reject the White House’s request for a subpoena.\n“Does the White House have the legal capacity or the power to get a subpoena?” Grassley asked as he stood amid reporters outside the Senate Banking Committee room on Capitol Hill.\nSenator Jay Rockefeller of West Virginia also said the White House need’s been answered, saying it was “clearly important” for Congress to draw up a response.\nThe Senate and House committees on Judiciary, Foreign Relations and Foreign Intelligence matters have been probing Russian meddling in the 2016 election, probing its influence on the campaign and the actions of Trump’s campaign team.\nThe Trump administration has refused to go public with the contents of their investigations, and Grassley has declined to participate in more than two-dozen investigations that involve intelligence, legal and diplomatic issues.\nThe House has already blocked Trump’s nominees to fill those roles, including James Comey and Comey’s replacement, retired FBI director Michael Flynn.\n“I need to see the IG come to Capitol Hill to provide the response I want to hear,” said Grassley, who is a senior senator on the committee.\nSenators in California and Arizona also filed a Freedom of Information Act request on Monday, urging the House Oversight and Government Reform Committee to investigate the bureau.\nThe investigative drive underscores the frustration that Republicans in Congress have in scrutinizing the Trump administration. In July, Trump railed against Democrats when they voted for his promise to end the Obama administration’s foreign interventions.\nWhite House spokesman Raj Shah said he welcomed Grassley’s address, adding, “We look forward to addressing the committee in greater detail.”\nRepresentative Matt Miller of California, another ranking Republican on the Judiciary Committee, said he was “disappointed” with Grassley’s procedural vote.\n']

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http://www.reuters.com/article/us-usa-fed-dudley-idUSKBN187184

http://www.reuters.com/article/us-usa-fed-dudley-idUSKBN187184

In Trump’s shadow, Fed official says trade barriers a ’dead end’

['Suvashree Choudhury and Jonathan Spicer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The U.S. Federal Reserve’s upcoming policy meeting this week could end up creating a “dead end” to the U.S. economy as it does not intend to inflict significant policy pain on companies, U.S. Fed President nominee Gary Cohn said on Tuesday.\nSpeaking after meeting with the White House’s top economic advisor, Cohn told reporters that he was confident that the Federal Reserve would refrain from enacting further rounds of unprecedented monetary stimulus, but he was not convinced about any changes to the institution’s stance on further growth, including protectionist tariffs.\n“On trade, we’re just kind of drawing it out and if there are differences, I don’t think it’s going to be something that gets through the Committee in the end,” Cohn said.\nThe comments by Cohn were a boost to Trump, who has kept Cohn, a former Goldman Sachs executive, away from the Fed for almost two months. Trump has since cut some of Cohn’s public comments and threatened legal action against the 24-year veteran.\nDonald Trump Jr. tweeted on Tuesday that Trump is “completely humiliated” and “appalled” by Cohn’s comments and said Cohn should “be ashamed and shame.” Trump Jr. also suspended his Twitter account.\nCohn said in the speech that he was excited about Trump’s discussions with other members of the Committee about the “currency crisis,” which has pushed the price of U.S. government debt higher.\n“This is a dead end right now for us,” Cohn said.\nWhile the minutes of the Fed’s December meeting did not set a timetable for the end of quantitative easing, analysts say the Fed’s tightening cycle could last six to nine months.\n“Goldman’s comments will definitely define the debate of how accommodative the Fed is going to be at the next meeting of the Federal Open Market Committee,” said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.\nCohn said the Fed’s credibility had come under attack by the Trump administration, “but no one is talking about what was reported about me by the media.”\nTrump has opposed numerous measures to tighten monetary policy, starting in the aftermath of the financial crisis, including a proposal last week to allow a “pump and dump” scheme to run the Federal Reserve from the top down.\nSlideshow (5 Images)\nAfter Trump announced his list of nominees in October, some lawmakers said they wanted to eliminate the weight of senior executives at the Fed and further weaken the central bank. Cohn said the Trump administration was trying to encourage investors not to sit through a “horse race.”\n“I don’t know where the market will get all these criticisms, but if he adopts what he’s pledged to do, it will be a very strong free-market economy,” Cohn said.\nAsked if any of the Fed’s 23 members appeared to be supportive of a broad range of policy changes, Cohn said the Fed would set the context of its deliberations and not rely on its personal views.\nOn inflation, Cohn said there would be some fine tuning to clear the way for more policy accommodation and expressed the hope that this would avoid something as nebulous as the potentially less important 6-percentage-point Federal Funds Rate.\n']

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http://www.reuters.com/article/us-usa-airline-electronics-ban-idUSKBN1872XC

http://www.reuters.com/article/us-usa-airline-electronics-ban-idUSKBN1872XC

U.S. airlines meet with Homeland Security on expanding laptop ban

['David Shepardson and Mark Hosenball']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SACRAMENTO, California (Reuters) - Southwest Airlines Co (LUV.N) and United Continental Holdings Inc (UAL.N) are getting together to meet to come up with creative ways to restrict carry-on baggage baggage, the first steps in a review by U.S. security officials to close the potential loophole in regulations adopted in 2009.\nFILE PHOTO: Student headscarves are seen during the Adopt-A-Adventure program at Tel Aviv's Yerushalayim airport, Israel April 3, 2017. REUTERS/Amir Cohen/File Photo\nThe plan, outlined on Tuesday during an aviation safety summit in California, includes a list of potential security features to be created by U.S. Homeland Security Secretary John Kelly and airlines as he looks to expand the use of laptops, netbooks and other devices by airlines.\nThe efforts outlined in a letter to Trump and his fellow Republicans would call on airlines to consider banning such items, such as laptops, other electronic devices or electronic software. Transportation Security Administration (TSA) officials confirmed the review and a request to submit a proposal had been submitted.\nThe change in guidelines marks the first steps in a major review that has already led to increases in the use of electronic devices by U.S. airlines, after a spate of cyber attacks in 2016 and 2017.\nThe review also could help prompt airlines to rethink their policies on seat belts, seat-restraint systems, seat-belt donations and other ergonomics.\nThe TSA and other airlines are worried that much of the increased use of “ozones” on planes could be linked to a dramatic increase in travelers’ attention to seat-belt compliance and safety.\nAmong the ideas proposed are airlines, which would allow passengers to book by texting or email, to increase sight-reading by sending and receiving boarding passes, and to use portable chargers to make liquids less vulnerable to use during flight.\n"]

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http://www.reuters.com/article/us-new-york-deportations-idUSKBN18731Q

http://www.reuters.com/article/us-new-york-deportations-idUSKBN18731Q

New York mayor criticized for proposed limits on legal aid to immigrants

['Jonathan Allen']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - New York Mayor Bill de Blasio on Wednesday denounced a proposal by New York governor Andrew Cuomo to make illegal immigrant legal aid only available to immigrants in legal proceedings, saying legal aid for homeless people is “bad for the well-being of children” and unjust.\nFILE PHOTO: New York City Mayor Bill de Blasio speaks during an interview at the DST Economic Forum in Chicago, November 30, 2016. REUTERS/Jeff Dorsch\nCuomo proposed on Wednesday a legal aid plan that would increase legal aid for immigrants in the legal process - where prosecutors would seek to charge a person for crimes they did not commit - to $7,500 from $3,500 and limit such legal aid to those who provide services to the community.\n“The governor’s plan is another example of his dishonesty as mayor,” de Blasio said. “Let me tell you why.”\nDe Blasio said he supported an increase in legal aid for immigrants with criminal records, but he gave no details of how he would fund it. Instead, he said his proposal would provide financing that more help federal funding is available for immigrants without criminal records.\nA spokesman for the governor’s office did not immediately respond to a request for comment. Cuomo signed the order on Wednesday.\nMaria Viceroy, a co-founder of the immigrant rights group WE Fest and a plaintiff in the lawsuit, told Reuters that hundreds of thousands of legal immigrants without criminal records serve as witnesses in proceedings, often for minor offences.\n“With communities on an island, when people are living with no barriers, criminal stuff becomes the refuge of being able to be a lawyer without incurring the consequences of being in a local police department,” Viceroy said.\nVictims of illegal immigration are often a focus of the government’s investigations into organized crime and immigration issues. The Central New York-based Human Rights Commission has hired the state attorney general’s office to analyze the impact of illegal immigration on local citizens and said in December it would begin asking questions about the impact of illegal immigration in the state.\nFILE PHOTO: Cuomo speaks at the DST Economic Forum in Chicago, November 30, 2016. REUTERS/Jeff Dorsch\nIllegal immigrants have been experiencing long-term negative consequences, some of which have been particularly clear to public safety authorities, such as cases involving children.\nUnder Cuomo’s plan, anyone who assists families of suspected illegal immigrants would have to seek an official state grant to help them get a permit to stay and maintain their homes.\nIf it were not for law enforcement officers’ illegal permits, there would be scant legal aid available, including for migrants who have provided information about their immigration status.\nDe Blasio also said he would look at reducing the legal aid for immigrants who are working, obtaining licenses or were not granted a license.\n']

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http://www.reuters.com/article/us-arctic-summit-idUSKBN1870FT

http://www.reuters.com/article/us-arctic-summit-idUSKBN1870FT

Tillerson gives nod at Arctic meet to climate change action

['Timothy Gardner']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Secretary of State Rex Tillerson gave his backing to stricter U.S. laws to address climate change at a Arctic summit in Bonn on Thursday, defying calls from North Atlantic Energy Minister Jim Webb to toughen U.S. emissions standards for ships.\nU.S. Secretary of State Rex Tillerson pauses before speaking to the media on the sidelines of the Bonn Climate Summit in Bonn, Germany, January 1, 2019. REUTERS/Wolfgang Rattay\n“I support our efforts to reduce carbon emissions and meet the commitments made by others so that America remains a leader on climate and strengthens international cooperation,” Tillerson said at the outdoor summit set to take place Jan. 21-26 in Bonn, Germany.\nWebb has called for a strong push to toughen U.S. emissions standards for ships and ships-fired power plants that harbor power plants. He has not called for a United Nations climate change meeting.\nInstead, he has made it clear that Russia and China have not made climate change a priority as they signed a deal to curb global warming pollution last year but some countries have rebuffed what they see as attempts to defuse the crisis.\nWebb said on Thursday he saw a path for U.S. cooperation with other countries where Trump was elected and in an effort to take them out of the climate blame game.\n“The vision of setting strict limits for aviation and vehicle emissions would be a much more fruitful approach if we had the legal and political framework in place that we need,” Webb said on Thursday.\nWebb was among six oil ministers and officials at the meeting to discuss global warming and energy production. Dozens of decisions have been made to slow or halt oil production in recent years as the Trump administration adjusts it.\nSuch a move could reduce U.S. carbon emissions by less than one percent of total global emissions from sources like power generation, according to the Intergovernmental Panel on Climate Change.\nWebb said Russia, Iran and North Korea are now responding to U.S. climate concern with efforts to reduce pollution from their coasts.\nAt the regional climate summit in Bamako, Cameroon, last month, Tillerson and several of his counterparts met Japanese oil official Kawasaki Kano and European Union’s top climate negotiator Carsten Brzeski.\nTillerson said on Thursday that Japanese Prime Minister Shinzo Abe is ready to lead a major push to rebuild the shipbuilding industry and gave confidence that China will accept his plans.\n“My Japanese counterpart, my British counterpart and myself are clear on wanting to do something much better than what other countries have been doing,” Tillerson said.\n']

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http://www.reuters.com/article/us-boeing-737max-cfm-idUSKBN1872LS?il=0

http://www.reuters.com/article/us-boeing-737max-cfm-idUSKBN1872LS?il=0

Boeing must clear 737 MAX engines with U.S. regulator to fly again

['Alwyn Scott']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["FILE PHOTO: An airplane sits on its row near a Boeing logo at the United States Air Force's headquarters in Arlington, Virginia October 7, 2013. REUTERS/Jonathan Ernst/File Photo\nNEW YORK (Reuters) - United Airlines’ (UAL.N) 737 MAX aircraft must get back its new engines from Boeing Co (BA.N) in New York state to fly again, the country’s top air safety regulator said on Thursday.\nU.S. Transportation Safety Board Chairman Richard Reid told Congress the maker must submit findings on whether the upgraded jets can fire engines more efficiently than initial estimates and be allowed to fly as it had intended.\n“The investigation will likely lead to change in the policies and procedures to which the MAX has been subjected in past investigations,” Reid said.\nThe U.S. Federal Aviation Administration launched its investigation of Boeing last September and has cited other companies, including the firm’s own engine maker Torrance, CAE Co (Torrance.N) and Northwest Airlines Co (NWSA.O) for alleged safety violations.\nWednesday’s announcement means 737 MAX engines will be available to American Airlines Group Inc (AAL.O) and AMR Corp (AMR.N) both this summer.\nIf American, the No. 4 U.S. carrier, wins the Boeing contract and the firm wins the Pentagon’s Raytheon Co (RTN.N) order for Airbus SE’s (AIR.PA) A350, its 737 MAX could see its top tier of engines reduce by at least half.\nBoeing has said it expects an updated version of its latest 737 MAX to hit U.S. markets in the third quarter of 2021. In August 2016, the same month Boeing said it expected to deliver 3-6 MAXs in “a very short period of time.”\nBoeing denied the allegations made by Reid’s panel, but said it had offered to fund a re-engining of the 737 MAX with an engine upgrade.\nBoeing has yet to give evidence of the allegations, Reid told Congress. The companies have since been cleared of any wrongdoing.\n"]

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http://www.reuters.com/article/us-wells-fargo-mortgage-mbs-idUSKBN18734S?il=0

http://www.reuters.com/article/us-wells-fargo-mortgage-mbs-idUSKBN18734S?il=0

Wells Fargo eyes return to mortgage deals shunned since crisis

['Dan Freed']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Wells Fargo & Co (WFC.N) is in talks with creditors over bringing a private equity group to senior loans, Chief Executive John Stumpf said on Thursday, a move the mortgage lender expects will set it up for success.\nAn employee works on a used used used mobile phone phone at a newly opened Wells Fargo Bank in San Francisco, California, U.S., June 13, 2017. REUTERS/Stephen Lam\nPeople familiar with the talks said a deal would involve Wells Fargo pulling from other financial institutions to make back some of the fee they were paid by the lender, which posted a big quarterly loss.\nSuch deals tend to be rare because banks and insurers often grow too big to fail. Wells Fargo declined to comment, while a representative for bond insurer Syncora Guarantee Corp (SCTY.N) declined to comment.\nWealth management firm BlackRock Inc (BLK.N) and S&P Capital IQ Inc (SPC.N) are among those that have attempted to recruit private equity to help Wells Fargo convert its high-debt portfolio into capitalized investment vehicles, or into profitable loans, companies said people familiar with the matter.\nBond insurer S&P said on Wednesday it was discussing taking part in such a deal with Wells Fargo.\nA Wells Fargo spokesman declined to comment.\nShares of Wells Fargo have lost about 10 percent of their value since the financial crisis erupted in 2008, after the mortgage industry went bankrupt.\nHowever, financial conditions may have improved dramatically since the financial crisis, and the bank has experienced a flurry of acquisition activity.\nIts shares have rallied more than 30 percent since its initial public offering in October.\nHeading into the most recent fourth-quarter financial results, however, Wells Fargo is facing pressure from its market-leading operations. Credit losses have mounted, the bank and the mortgage industry have struggled to compete, and still have only secured about 62 percent of its loan balances, Chief Financial Officer Brad Sills told investors in January.\nUnder new policies that Wells Fargo implemented at the end of 2017, loan originations under management rose from $24.6 billion at the end of 2016 to $39.1 billion at the end of the first quarter of 2018, according to data by Wells Fargo.\nNo bank has figured out the rights to underwrite loans with a low risk of default.\nHowever, as more companies find themselves in default, such deals can help the mortgage industry, which is already an attractive business for multiple issuers.\n“It is the lead-to-bank quality strategy that all companies who want exposure to high debt level have an equity vehicle,” said Jeffrey Schwartz, a senior managing director of special situations investment banking at Oak Hill Capital Management.\n“If you want to really make an impact and build the business to a leverage level that makes the acquisition attractive, it’s more attractive to at least half the competitors,” he said.\nWells Fargo has been looking for a buyers since the market downturn, but the situation has been quiet for the past two years.\nThe average leverage ratio of a Wells Fargo commercial bank was 0.55 times the bank’s book value at the end of the fourth quarter of 2017, according to KBW, the Kansas City Federal Reserve Bank.\nGetchak Capital Partners LLC analyst Michael Pianalto expects banks to prefer private equity firms to acquire loans with deep roots in banks, but said corporate defaults may move to the sidelines.\n']

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http://www.reuters.com/article/us-walmart-mexico-ceo-idUSKBN1872VF?il=0

http://www.reuters.com/article/us-walmart-mexico-ceo-idUSKBN1872VF?il=0

Wal-Mart CEO to be questioned in U.S. lawsuit over Mexican bribery

['Jonathan Stempel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Wal-Mart Stores Inc (WMT.N) Chief Executive Sam Walton will be questioned in a U.S. Department of Justice lawsuit over alleged bribery in the U.S.\nA customer walks past a Wal-Mart store during the Walmart Network in Hialeah, Florida, February 26, 2015. REUTERS/Carlos Barria\nIn the now-closed lawsuit, Wal-Mart named former Mexican Justice Minister Adil Medina Medina as one of seven defendants, including Wal-Mart, in its action that seeks to restrict further commercial dealings with the company and to prosecute alleged bribery attempts.\nWal-Mart wants the complaint consolidated with others against Medina Medina, which it filed in December on behalf of Amazon.com Inc (AMZN.O) and other online retailers, with the intention of filing a separate action in U.S. district court.\nThe suit seeks to prevent Wal-Mart from admitting its action as a violation of federal law, the National Labor Relations Board and the U.S. Department of Justice.\nWal-Mart also said it will not be able to “set a precedent or otherwise decide our commercial dealings in the United States.”\nWal-Mart has previously said that it is seeking a court order prohibiting the company from conducting business in the United States without a Mexican consulate in Mexico.\nWal-Mart and representatives for Medina Medina did not immediately respond to requests for comment.\nWal-Mart has not disclosed how it obtained Medina Medina’s identity.\nWal-Mart was given a $2 million settlement in 2014 by Mexico’s federal prosecutors that said it was cooperating with investigations. After the deal, Wal-Mart did not comment on the allegations made by the Mexican government.\nA Wal-Mart spokeswoman declined to comment.\nWal-Mart’s largest shareholder, private equity firm Blackstone Group LP (BX.N), has a $6.7 billion portfolio of U.S. businesses, but says it cannot determine whether any businesses that bought these assets from Wal-Mart have had access to Turkish firms.\n']

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http://www.reuters.com/article/us-department-stores-results-idUSKBN1871L6?il=0

http://www.reuters.com/article/us-department-stores-results-idUSKBN1871L6?il=0

Nordstrom’s comparable sales miss deepens department-store gloom

['Sruthi Ramakrishnan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Nordstrom Inc’s same-store sales fell 10.1 percent at the nearly two-year-old chain’s biggest U.S. location in November, the worse-than-expected slowdown in the retail sector following weak traffic at discount chains and as the world’s largest apparel retailer offers more discounts.\nThe logo of Nordstrom, U.S. clothing retailer Nordstrom is seen in a shopping center in West Hollywood, California in this May 3, 2015 file photo. REUTERS/Jonathan Alcorn/Files\nNordstrom reported on Tuesday same-store sales fell 5.6 percent in November from a year earlier, the lower than the 4.1 percent decline analysts surveyed by Thomson Reuters I/B/E/S had expected.\nSales dropped in all departments including women’s and department stores, apparel and home and personal care. At Nordstrom stores in the United States, sales increased 2.2 percent in November from a year earlier, the company said in a statement.\nNordstrom is hiring 15,000 new employees during the first six months of the year. The Seattle-based company also said its stores will close their first half by February 4.\n“Although Nordstrom’s performance is not experiencing the same fundamental disruption as we experienced in other large brands, we believe it is unfortunate that the dynamics in how retailers behave today continue to cause the same negative consumer reaction,” said Wedbush Securities analyst Mike Olson in a note to clients.\nNearly half of the company’s 87 U.S. stores are situated in leased locations.\nAt Nordstrom, its eight locations offer a wide assortment of top-shelf items such as used jeans, boots, plaid shirts, sweaters, purses, belts and wallets.\nDespite some near-term challenges, the company expects sales to grow on a monthly basis to 2.03 trillion won ($2.28 billion) this year. Last year, Nordstrom generated sales of about $12.1 billion.\nThe retailer now has a larger retail base than Sears Holdings Corp’s (SHLD.O) physical stores, which it bought in November. On Thursday, Sears agreed to sell itself to the company in a deal worth $2.3 billion, following the sale of its interest in Bed Bath & Beyond Inc (BBBY.O) this month.\nNordstrom shares were up 2.7 percent at $97.71 in midday trading.\n']

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http://www.reuters.com/article/us-g7-ministers-idUSKBN187332?il=0

http://www.reuters.com/article/us-g7-ministers-idUSKBN187332?il=0

G7 finance chiefs in Italy try to gauge Trump’s policy plans

['David Lawder and Silvia Aloisi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Italian Finance Minister Giovanni Tria attends the parliament parliament in Turin, Italy, January 1, 2019. REUTERS/Max Rossi\nBERLIN (Reuters) - Finance ministers from the G7 industrialized nations are hoping to gauge President Donald Trump’s intentions to boost bilateral trade ties and finance relations with countries without conflicts, German Finance Minister Wolfgang Schaeuble said on Wednesday.\n“I hope that the regional leaders of the G7 will use this opportunity to (begin) to understand and to advise the president’s capacity to prop up trade and fund social programmes,” Schaeuble told reporters.\n“As you know, a broad consensus exists in Washington that is on the line in trade and now we are in danger of being seen as unwilling to pursue these priorities.”\nTrump’s tough stance on trade and his admiration for Germany’s trade practices was seen by some as aimed at defusing criticism of German banking ties, including Chancellor Angela Merkel’s decision to pull out of the G20 Summit in Hamburg in September.\nSchaeuble said the G7 would try to follow his advice to the U.S. “Follow his guidance”.\nThe G7 is struggling to maintain a degree of balance in an often fractious group with longstanding political ties to Washington. Germany is the G7’s largest trading partner and it counts on the U.S. to maintain its trade ties.\n']

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http://www.reuters.com/article/us-sugar-candy-usa-idUSKBN1872RQ?il=0

http://www.reuters.com/article/us-sugar-candy-usa-idUSKBN1872RQ?il=0

U.S. candymakers band together to reduce calories

['Marcy Nicholson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Ever wanted to give your baby a big free cookie? So were a few companies who voluntarily introduced a limited-edition, nationwide initiative called “Celebrating Food Too Legible” to do just that.\nCake makers Cynthia Robinson, Ken Foss and Aaron Hoffmann talked to Reuters about what they see as the new norm between rich and poor.\nDo they, for example, make yogurt with artificial sweeteners or it comes from string cheese?\n“What we’re doing is cooking up what you call the nutritional equivalent of an Olympic-size crumpet cheese with no calories and no fat,” Robinson, chief executive of Texas-based CBS Cookie Co, told Reuters in an interview on Thursday.\n“While your doctor may not give you all the numbers but you have the potential for some weight gain, why not give someone who just recently got into college a full month of satisfying his doctor’s recommendation?”\nThree years ago, Cynthia Robinson created a “cookie that will serve you well” and, by 2025, she said, they were doing “a lot of really great things” in the toy industry.\nThey have seen the effects of obesity, the estimated 60 percent of those who gain weight lose 15 to 20 pounds per year and another 13 to 15 percent shrink their waist. So they are encouraging their clients to create more engaging cookies they’ve seen in stores.\nCathy Robinson Photographer: Emily Tsiski/Bloomberg\n“We’re not making coconut margaritas. We’re making Oreos with sugar,” Robinson said.\nThe company is using a program from the Healthy Dinner brand to train employees to track and share their cookies with clients. That will help build loyalty by measuring how many don’t eat them or if the cookies are eating too much, and from what level of calories.\nThe first batches of food will be distributed by the end of June, and have a 100,000-per-month max limit. (a third batch will be available at other locations in the U.S. and Australia).\nAs well as a promotional tie-in with “Celebrating Food Too Legible,” which launches on Jan. 24, they plan to start a Twitter campaign starting later this month. They said they would also try and recruit a local chef.\n“We’re just giving away cookie dough,” Robinson said.\n']

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http://www.reuters.com/article/us-southkorea-politics-idUSKBN1870G1?il=0

http://www.reuters.com/article/us-southkorea-politics-idUSKBN1870G1?il=0

South Korea urges ’parallel’ talks, sanctions to rein in North

['Ju-min Park and Christine Kim']

01-01-2021

reuters.com

success_wayback

gen

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['SEOUL South Korea is laying the foundation for a full-fledged dialogue between the North and the United States over South Korea\'s inter-Korean rapprochement, its foreign minister said on Tuesday, in what would mark a major step forward for the two sides since the 1950-53 Korean War ended in a truce.\nThe new dialogue paves the way for South Korea and Washington to formally ratify the 50-day summit that ended last month, after both sides went to the U.N. Security Council to put pressure on North Korea over its preparations for spring armistice and its disclosure of nuclear weapons.\n"We are (making plans) to initiate parallel (dialogue) between the North and the United States, which should coincide with the 25th anniversary of the truce, and close to normalization between the two Koreas," Lee Ho-jeong told reporters.\nLee was speaking after a meeting with South Korean President Moon Jae-in to underscore efforts to revive a flagging peace process.\nAhead of a historic summit between Moon and Trump on December 5, which formally began on a routine day, the South\'s foreign ministry said that the two Koreas were discussing topics related to South Korea\'s denuclearization in exchange for talks on their deadlocked North Korea conflict.\nThat would be a major step towards the restarting of normal diplomatic relations, it said, in order to conclude a future trans-regional dialogue between the two Koreas.\nLee was responding to a joint statement the two sides issued earlier on Tuesday, which they said would look for a way out of the end of the inter-Korean crisis.\nLee said the North would be present for negotiations on denuclearization, maintaining it would defend itself for it.\n"They know the good intentions of the North to achieve this status."\n(Reporting by Christine Kim; Editing by)\n']

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http://www.reuters.com/article/us-ivorycoast-military-idUSKBN18732G?il=0

http://www.reuters.com/article/us-ivorycoast-military-idUSKBN18732G?il=0

Ivory Coast army mutineers drop financial demands

['Joe Bavier']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LAGOS (Reuters) - The eastern half of Ivory Coast seen as vulnerable to militant Islamist violence and Africa’s No. 2 oil producer in a protracted civil war have agreed to allow the army to be armed, a development the rebels call a “show of force” and send in their flag.\nFILE PHOTO: Military personnel are loaded into the back of military truck which escorted Ivorian president Laurent Gbagbo out of parliament in Abidjan, Ivory Coast, September 17, 2016. REUTERS/Luc Gnago/File Photo\nThe newly elected vice president of North and Central Africa in November won a long-sought election to succeed President Alassane Ouattara, as he faces a Dec. 21 deadline to wrap up peace talks with Alassane Ouattara.\nThe proposal by the transition, under which Gbagbo would attend the peace talks, removes the thorny question of soldiers, who could be armed themselves as a group aligned with Gbagbo’s Alassane Ouattara movement.\nThe handover follows an upsurge in ceasefire attempts between Ouattara and Gbagbo since the post-election violence in the west.\nThe U.N. envoy on the conflict in Abidjan, Dean Kolodziej, wrote to Gbagbo on Friday.\n“I am delighted that the president of North and Central Africa has now decided to take part in the ... electoral process as he is eligible to address the UN (UN Security Council) and I appreciate this gesture,” Kolodziej said in a message.\nU.N. Secretary-General Antonio Guterres said on Friday he hoped Gbagbo would attend negotiations on Oct. 12, when Ivory Coast heads back to civilian rule.\nIvory Coast this month escaped a similar threat from Alassane Ouattara. A secessionist coalition that included the insurgents led by the former army chief Idriss Deby, a day after Gbagbo’s bid to secure a second-round presidential victory.\nColonel Giordano Patrasek, a spokesman for Gbagbo’s National Transitional Council, said on Thursday that the rebels had agreed to allow the army to be armed.\nThe ceasefire negotiated by Ouattara and the French-led International Criminal Court does not give Gbagbo full control over the army, and the rebels were only able to gain new territory under an arrangement offered by Gbagbo to put soldiers in charge of the city.\nBut de Bodini said he does not want the military to be able to pick and choose soldiers with the larger Alassane Ouattara faction or fighters of the less-fluent Algerian-born daddies of Sillamore, Oa and Daughters.\nThe United Nations said on Friday that the rebels should surrender their weapons, though it was still weighing next steps, including what actions to take to encourage voters to choose him instead of Ouattara, who is barred from seeking a third four-year term.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKBN1871FE?il=0

http://www.reuters.com/article/us-usa-stocks-idUSKBN1871FE?il=0

Wall Street slides as investors fret about retail

['Noel Randewich']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The S&P 500 posted its largest drop in two months on Tuesday on mounting investor worry about online retail stocks as a deepening concern about the impact of e-commerce on the sector’s core.\nFILE PHOTO: An Apple logo is seen on a screen at a retail outlet in Delacorte, Pennsylvania, U.S., March 25, 2017. REUTERS/Andy Clark/File Photo\nA selloff in Apple Inc and Amazon.com Inc, which accounted for nearly two-thirds of the S&P 500’s decline, also underscored concerns about the sector’s future.\nThe S&P 500 is losing momentum in the wake of a growing worry about e-commerce as a key driver of that sector, and has not performed in line with other indexes.\nInvestors’ mood shifted from concern about online retail to concern about being among the first to warn of the potential economic impact of e-commerce changes.\n“We’re just going to be hearing from the same people,” said Bill Miskowski, president and CEO of Miskowski Advisors. “There’s just a lot of anxiety in people’s hearts, as if retail is the most important thing in the world, that they get any loss and that it’s as if their stocks are at risk for bankruptcy.”\nFollowing the S&P 500’s worst week in nearly two years, the benchmark S&P 500 closed down 1.6 percent, its lowest close since December.\nThe S&P 500 is still more than 3 percentage points above the 500 intermediate-term record close of 1,390.94 set on January 18, 2014.\nThe S&P 500 is still down 2.7 percent since the start of 2017, still ranked among the seven indexes in the S&P 500’s technology category lower.\nThe 848 companies on the S&P 500 derive at least 60 percent of their revenues from digital devices, with large companies including Cisco Systems Inc and JPMorgan Chase & Co falling even more steeply.\n“It’s obvious how bad it is for stocks, for its earnings,” said William Melcher, chief investment officer of Boston-based Bridgewater Associates, which helps its investors manage portfolio risk.\nBut issues related to Internet stocks have come up only once this year: in the fiscal year ended Sept. 30, 2010, Oracle Co came up short in the S&P 500’s results.\nIn November, the company warned investors that its year-end quarter was due to one-time expenses and that sales were essentially flat at a low level. Oracle shares fell 5.7 percent.\nInvestors are starting to worry about what Amazon and other “black boxes” based on software used to store the personal information of customers, storing everything online and tracking them, could reveal about retailers’ profits.\n“We’re having investors worried about Amazon being able to get them up their sleeves and do good business,” said J.P. Morgan analyst Alexia Howard.\nThe S&P 500 tech sector has struggled to gain traction in the past three weeks, while other areas, including the Internet, are suffering.\nData showing that companies are losing market share due to online shopping compared to being added to the Internet means that investors are not giving up on the sector as a whole.\n“It could be the beginning of something,” said Brett Kingston, head of technology equity research at Credit Suisse.\nThe S&P 500 index is down 7.9 percent since early October, just shy of the record 6,000.com level it registered on October 12.\n']

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http://www.reuters.com/article/us-brazil-corruption-lula-idUSKBN1872YX?il=0

http://www.reuters.com/article/us-brazil-corruption-lula-idUSKBN1872YX?il=0

Lula graft testimony fails to lift his Brazil presidential hopes

['Brad Brooks and Anthony Boadle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAO PAULO/BRASILIA (Reuters) - Brazilian President Michel Temer defended his government’s decision to hand 10 million Brazilian reais ($1.7 million) in salary to a now-departed construction worker earlier this month without making more than the main foundation for his administration’s mission to transform the economy.\nFILE PHOTO: Brazilian President Michel Temer speaks during an interview with Reuters outside his hotel in Sao Paulo, Brazil, October 8, 2017. REUTERS/Paulo Whitaker/File Photo\nU.S. senator Marco Rubio said there were “certainly questions about whether Mr. Temer has done enough to ensure that the administration’s mission is achieved.”\nSeveral officials had suggested before this month’s corruption trial that the government had relaxed the transfer program or pledged not to move the money, which now totals 1.15 billion reais ($806 million). A government source told Reuters on Friday it was a politically motivated factor.\nBoth sides in the corruption trial know the real key to success for Brazil is the new administration’s policy of tax cuts aimed at more than doubling the tax revenue it collects from businesses rather than spending billions in state debt.\nAny special income payment would raise about 12 billion reais - the bigger tax increase - but the money also will hurt the government’s goal of reducing the country’s public debt by more than half a trillion reais over the next decade.\nTemer’s prosecution hinges on these new pension benefits, called the “initial benefit” by lawyers to assess risks to the budget, because wealthy senior citizens appear to have little at stake.\nScholars have argued that because the government allowed some bribes to be avoided when it assumed debt from Brazil’s long-running conglomerates, a corporate regulator under its supervision would be less likely to control the quality of the payments.\nWith the assistance of the International Monetary Fund, the Brazilian government has acquired unlimited rights to make monthly payments to public agencies, by offering millions of public employees assets such as cash for free or taking many trips abroad.\nPhilippine President Rodrigo Duterte in January 2015 described the pension increase as a “modest,” but praised the government as “prosperous,” in remarks to reporters.\nWhen Temer’s predecessor, Fernando Henrique Cardoso, was forced out last year by a graft probe into his family’s real estate business, Brazil’s former central bank governor appealed to the courts to explain a flawed decision to release the money.\n“While we saw it as a mistake, I actually believe, given the seriousness of our case, that a degree of incompetence had led to what we now see as a very dangerous delay in the release of the funds,” Temer said at the time.\nThe cash is allocated to government agencies which should operate under an evaluation based on employee performance.\nBrazilian experts last year recommended withholding the cash in a temporary measure as a final step to boost performance from an annual review.\nAt least 48 companies around the world have handed out payments to bribes on favorable terms in recent years, accounting for nearly half of all public government contracts announced in 2016.\nMeanwhile, 10 million reais of the awards were allocated on May 28. The total was 180 million reais.\n($1 = 3.7707 reais)\n']

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http://www.reuters.com/article/us-uber-trucking-idUSKBN1872Z1

http://www.reuters.com/article/us-uber-trucking-idUSKBN1872Z1

Uber adds trucking brokerage firm amid long-haul push

['Julia Love and Heather Somerville']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Uber Technologies Inc Chief Executive Travis Kalanick wants to transform the iconic U.S. technology startup into a company where clients can make transportation costs more transparent, recruit drivers for as much as $30 per shift, according to reports on Thursday.\nThe logo of ride-hailing company Uber is seen on the back of a car during the Chinese New Year celebration in Liaoning province in China January 3, 2015. REUTERS/Stringer\nKalanick, an engineer who helped change Uber’s operations from a strictly financial cab service to a company which thrills customers by charging for rides, recently set aside 40 percent of its revenue to account for some of the steeped costs for leaving the building.\nHe has put Uber into a partnership with a small physical brokerage firm, UJ INVYS.UL, so the automaker can collect between $3,000 and $500 per job for the overhead costs of moving people, according to the U.S. Weekly, a fast-growing newsletter.\nKalanick’s plans include scrapping some self-service pickup and delivery services, according to the the report.\nUber executives declined to comment.\nThe company has sought to beef up its services beyond its core product, by bringing onboard more drivers and tweaking its policies, from how to handle drivers who pick up passengers, to whether driver pay is used for tipping, according to Bloomberg.\nThe company’s price-gouging features are so-called “avenues” - which can top $50 for a visit to a grocery store in seconds. Uber declined to comment.\nUber’s legal team is reviewing the “avenues” ruling.\nUber has said it believes it will continue to exclude the loophole and will offer autonomous vehicles that are based on its core principles - without handing back any of the cost of their services - for people who want to use them without paying it.\nUber is working on an ad campaign in countries such as Colombia, Brazil and Mexico, the company said in October.\n']

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http://www.reuters.com/article/us-uber-tech-court-idUSKBN1870SO

http://www.reuters.com/article/us-uber-tech-court-idUSKBN1870SO

Setback for Uber as European court advised to treat it as transport firm

['Julia Fioretti and Michele Sinner']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A vehicle with rear view mirror and the logo of Uber Technologies Inc is pictured at a Korean Avenue restaurant in Seoul, South Korea, September 23, 2016. REUTERS/Kim Hong-Ji/File Photo\nBRUSSELS/WASHINGTON (Reuters) - Europe’s supreme court on Thursday suggested Uber should treat a taxi firm in Luxembourg as a company controlled by its individual founders and revoked its German license, including the license issued to two other companies.\nThe European Court of Justice, which is addressing its first major challenge to the taxi-sharing service, has repeatedly warned Uber against ordering permits or bases from other companies if it wants to work there.\nUber told the court on Wednesday it would pay 500 euros ($623.58) to meet its EU compliance requirements under a review petition filed earlier this year. If it wins the appeal, it would be required to report to the court through a letter and must be able to hire an Uber employee or outright hire a foreign work force.\nThe European court dismissed Uber’s challenge on the grounds that it had formed the task force, but said a professional review must be done before Uber can hire drivers.\nUber said it was prepared to cross that pond to avoid complying with its EU licensing restrictions. It did not comment further after Thursday’s hearing in Luxembourg.\nUber issued the provisional licensing charge on Wednesday and said it applied for a license the following day.\nBOUNCING INTO THE PRISON\nOpponents of Uber have accused the service of systematically unfairly subverting the right to a personal, confidential and private communications by aggregating and maintaining honest rides under licence and paying scant attention to the safety and quality of its vehicles.\nIn its petition, Uber said that German regulators had notified it that it is likely to need regulatory approval to issue a permit for another company, relying on an existing law on public order.\n“Companies that need to transmit personal data to their customers and partners cannot depend on public order or public rules,” Uber said.\nThis prompted Uber to file its appeal petition before the European court of justice on Wednesday. It asked the court for a partial ruling by Thursday but the court rejected Uber’s request.\nA spokesman for the European Court of Justice declined to comment immediately on the outcome of the fresh hearing.\nUber has faced numerous challenges to its European license. The Local reports that in November, the European Union’s internal market watchdog, the European Competition Commissioner, called Uber a “problem solver” that found it financially failing to address the largest EU market risks.\nThis month, the London-based company was fined more than six million euros for failing to remove users’ data from its Uber app as part of an EU investigation.\nThe Brussels court also forced Uber to pay 200 million euros in costs related to its European compliance requirements.\n“Our investigation found that Uber had not improved the service and it was no longer efficient to bring its drivers into compliance,” the company said in a statement.\nUber insists that it is not in a position to deal with regulators as it had to before it won its appeal petition. In April, European regulators said it should come clean about whether a company’s finance partners or engines used in cars it owns must be associated with the business.\nIf the European court ultimately moves to take up Uber’s case, a ruling on whether the company can be held accountable for its service that caused outrage on social media could come as early as May.\n']

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http://www.reuters.com/article/us-usa-mormons-boyscouts-idUSKBN1872KT

http://www.reuters.com/article/us-usa-mormons-boyscouts-idUSKBN1872KT

Mormon church cuts ties with Boy Scout programs in U.S., Canada

['Gina Cherelus']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Jan 1 (Reuters) - The U.S. Mormon Church on Tuesday declared that it would “personally discontinue membership” of many Boy Scout troop associations in Utah and Colorado, which have had to cut ties since a rash of sexual assaults, revelations and lawsuits against members.\nThe move, prompted by recent lawsuits by members of the American Church of Latter-day Saints, follows a CNN report that Church officials in Utah have severed ties with Boy Scout Scout organizations.\nBoy Scouts had been their largest global alumni, with more than 60,000 Scouts and Chieftains in 67 nations.\nThe Boy Scouts of America said in a statement it would work with Utah authorities in “step-by-step” to increase transparency and accountability of Scout groups.\n“Through conversations with local Scouting leaders, we have determined that it is time for Boy Scout organizations in the United States and Canada to individually sever ties with the Mormon Scouting group they support,” the statement said.\nBoy Scout leaders came under fire last year after two Mormon troops were sentenced to weeks in jail for sexually assaulting a Scout in Utah. The church did not say how many Scout teens were affected by the cases, but according to a pair of organizations that reviewed the release it does not condone violence or sexual assault.\nBoy Scout leaders apologized for the “unforgivable behavior,” but insisted that they had promised to build on the last decade of positive relationships with young Scouts and Chieftains.\nThe organizations in Utah and Colorado said they also will establish multiple training centers to increase ties with clergy, clergy family, church women and other chaplains. Church officials did not provide details.\nAll the organizations have said they would give “fewer prayer sessions” to more junior members, but a spokeswoman for Mormon Chieftains said those who respond would not be “one-dimensional, representative or inclusive.”\n“When we say there’s no more we’ll recognize it will only be the smallest mistakes. We will focus on growing the most talented and respectful people around us with guidance and respect and then grow,” a Church spokesperson said.\nOn Tuesday, Boy Scout officials in Utah suspended memberships of 27 Boy Scout troop organizations, after four of the boys in those networks were sexually assaulted by former members. They were contacted by military authorities for the second time. (Reporting by Gina Cherelus in Toronto; Editing by Barbara Goldberg and Eric Walsh)\n']

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http://www.reuters.com/article/us-usa-trump-fbi-breakingviews-idUSKBN1872S3

http://www.reuters.com/article/us-usa-trump-fbi-breakingviews-idUSKBN1872S3

Viewsroom: Comey ouster bad for business

['Antony Currie and Jennifer Saba']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON/NEW YORK The Federal Bureau of Investigation reported a higher loss of business in the third quarter of 2017 than previously thought.\nWhile earnings for the bureau shrank from 2016, the final two months of the year were stronger than previously thought, and its fortunes were easier to take, agency officials said in a statement late on Wednesday.\nThe agency’s American Integrity Initiative reported a net loss of $2.01 billion for the first nine months of the year, well below the $3.04 billion loss reported during the same period last year.\nBut the slow pace of both increases in business and Treasury securities transactions hurt profitability, Commissioner Kevin McAleenan said on a conference call with reporters.\n“(The government agencies) had very mixed returns in the quarter, which was a mixed result,” he said.\nThe bureau reported revenue of $4.57 billion in the third quarter, an increase of 1.2 percent.\nAnalysts polled by Thomson Reuters had expected revenue of $4.61 billion.\nA committee set up by the bureau in October to look into the bureau’s practice of managing internal relationships with the IRS targeted the latest blow to its reputation.\nThe committee has been widely praised, but it appears to have gotten its facts wrong, and a new video of an FBI inspector general’s letter to the agency shows he was attempting to blame someone for the decline.\n“The bureau claims there is no systemic problem at the federal level,” McAleenan said. “I don’t think there is.”\nAn FBI spokesman was not immediately available for comment.\nOverall revenues for the Bureau rose in all of fiscal 2017, led by the Iraq war-era Operation Sovereign Borders program, or OIS, which the agency says has prevented agents from engaging in illegal activities such as marijuana trafficking.\nWhile sales of data through OIS grew at a slower pace in the second half of last year, it did not break out revenues from the digital intelligence center at the bureau’s operations center in Virginia.\nIncluding foreign operations, which include the Customs Service, FBI revenue rose 4.5 percent, the best quarterly growth in nearly a decade.\nThe decline in the search and seizure bureau’s total revenue - which has included data related to criminal investigations - was entirely caused by fewer sales of assets and sales to combat the opioid epidemic, the Independent Journal Review (IERI) reported in October.\nThe Vermont-based FBI also reported a net loss of $300 million, or about 22 cents per share, in the quarter, compared with a $146 million profit in the same period last year.\nThe overall profit excluding discrete items was about 19 cents per share, better than the 14 cents a share that analysts surveyed by Thomson Reuters had expected.\nBoth figures were a bit higher than analysts expected, but far below the $947 million loss the agency had said in October.\nInvestment income for the quarter was the only bright spot for the federal agency.\nRevenue from the Foreign Sovereign Wealth Funds, or FSLF, rose 5.5 percent to $1.18 billion, offsetting a 2.3 percent decline in income from the oil and gas sectors.\nThe effective interest rate for FSLF funds declined to 1.65 percent, partly because of decreased issuance by the government agency.\nRevenue from FSLF funds was held in reserve. Its net income for the third quarter, excluding discrete items, rose to $330 million, down slightly from $376 million a year earlier.\nDeclining tax revenue from an estate tax was a main driver of higher tax revenue in the quarter.\nThe agency blamed a decline in the value of the U.S. dollar and lower fees from fund management. Its tax and exchange expense ratio at the business sector fell to a 10-month low.\nAverage daily trading volumes increased to a record high of 16 billion daily traded in November and December, helped by higher volumes coming from U.S. technology products, the company said.\nThe agency also reported economic and financial results, including a lower tax rate, with revenue of $15.8 billion, up 3.4 percent from the third quarter a year earlier.\nOther revenue for the bureau in the third quarter was flat at $4.12 billion, in line with projections.\nReuters reported on Wednesday that $7.6 billion in foreign exchange transaction fees had risen last quarter.\n(Reporting by Andrea Shalal; Editing by Karey Van Hall and Andrew Hay)\n']

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http://www.reuters.com/article/us-mideast-crisis-hezbollah-idUSKBN18728W

http://www.reuters.com/article/us-mideast-crisis-hezbollah-idUSKBN18728W

Hezbollah says future war would be on Israeli territory

['Ellen Francis and Laila Bassam']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['People walk next to a mosque in a holy place, believed to be in Jerusalem, in the holy city of al-Quds (Jerusalem), northern Israel December 22, 2018. REUTERS/Sheila Kamouni\nNARIVAL, Lebanon (Reuters) - Lebanon’s main Shi’ite group Hezbollah said on Thursday it would not withdraw from the Israeli-occupied West Bank, a claim it said would raise tensions in Lebanon and elsewhere.\nPalestinian officials said the agreement involving Israel, Hezbollah and Iran would address an issue raised in Trump’s presidency as his “guiding principle” for relations with the Arab world.\nAhmed Sakhi, a senior representative of the Lebanese Shi’ite group, called for the “action” from the Israeli-controlled areas of the occupied West Bank, where the Shi’ite group and Hezbollah are based.\nIn a new video message, Hezbollah, its allies and political activists said the agreement was an attempt to drive the international community closer to the settlement of the Israeli-Lebanese conflict.\n“If this agreement would not fulfill its purpose, Iran would continue its campaign against us, and we would maintain the expansion of our activities in the occupied territories,” the group said in the video.\nThe U.S. National Security Council said on Thursday it has concerns about the future role of Hezbollah in Lebanon, which it said was guided by President Bashar al-Assad.\nSyrian and Iranian officials deny any coordination with Hezbollah on land, or on troop deployments, and said any dialogue must take place in confidence.\n“We will not give any interviews nor plans about settlement,” said Riyad Mansour, Hezbollah spokesman, citing a decision to declare it under emergency rule.\nForeign Minister Adnan Mansour, who is also Iran’s supreme leader, has strongly defended Hezbollah’s autonomy in Syria and Hezbollah’s role in Lebanon’s politics.\nHe said in a statement that Jerusalem’s proximity to Syria would only inflame the region and raised Israel’s security concerns.\nAfter decades of fighting, Israel seized the West Bank in the 1967 Middle East war to regain its grip on the region after the 1967 Arab-Israeli war.\n']

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http://www.reuters.com/article/us-usa-trump-cyber-idUSKBN1872L9

http://www.reuters.com/article/us-usa-trump-cyber-idUSKBN1872L9

Trump signs order aimed at upgrading government cyber defenses

['Dustin Volz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. President Donald Trump on Friday signed a directive aimed at updating “our digital infrastructure and our nation’s defenses against sophisticated attacks” aimed at improving government cybersecurity.\nA man checks his computer as he walks along the concourse of the Navy Yard, Washington, U.S., January 1, 2018. REUTERS/Gary Cameron\nThe centerpiece of the directive - legislation passed by Congress last year in response to data breaches by major tech companies such as Microsoft Corp (MSFT.O) and Google (GOOGL.O) - requires National Cybersecurity Organizations (NCOs) to identify and report attacks on their systems, to authenticate them on several levels, and to cooperate with law enforcement agencies against their attacks.\nThe directive states that breaches occurring within organizations’ networks should be detected and resolved by quickly identifying the attack and providing direct measures such as the use of enhanced anti-virus, ransomware and other measures.\nMore importantly, it says hackers seeking to disrupt an organization’s security “shall use our social media, apps, email, employee devices, and other protocols” to keep sensitive data in the country and to provide “a strong and effective response to their attacks.”\nIn contrast to Microsoft’s former role as a principal regulator of its technology, Trump has been warning about a rise in ransomware attacks such as the one Microsoft exposed last week, affecting hundreds of thousands of computers around the world.\nThe directive came as new policies are being drafted to put the United States on the same level as those in the European Union, where penalties are stronger than the U.S. equivalent.\nMicrosoft, which publishes U.S. Financial Reporting Standards, cited the Trump order to defend against criminal cyber attacks and said it was working with the Federal Bureau of Investigation to deal with it.\n“We’re continuing to monitor and cooperate with all impacted organizations, including the FBI and U.S. Cybercrime Enforcement and Anti-Terrorism Administration,” spokeswoman May Galante said on a call.\n“We are committed to getting the most out of our cyber capabilities. We’ve worked hard to deliver the result - achieving our goals in protecting our critical infrastructure against cyber attacks.”\nWhite House budget director Mick Mulvaney defended the Trump order, saying it was “appropriately aligned” with current law and makes it easier for the federal government to respond to attacks.\nThe order states, “Both the United States government and the criminal justice system are using cybersecurity as a means of efficiency and combating risk. … The greatest threat to federal employees’ security and physical safety occurs with cyber attacks, which do not originate from, or relate to, a single company.”\n']

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http://www.reuters.com/article/us-volkswagen-emissions-idUSKBN1871WO

http://www.reuters.com/article/us-volkswagen-emissions-idUSKBN1871WO

U.S. judge approves Volkswagen 3.0 liter, Bosch diesel settlements

['David Shepardson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The U.S. District Court in Manhattan approved a $4.2 billion settlement on Wednesday by Volkswagen AG (VOWG_p.DE) and Bosch Group AG (BMWG.DE) that more than doubles its claims over diesel emissions problems.\nFILE PHOTO: A worker cleans the exhaust of a car in an exhaust by-the-wire workshop in the Netherlands in this July 13, 2014 file photo. REUTERS/Paul Hackett/File Photo\nOn Tuesday, the court approved a deal with the German company in which a senior German judge ordered the dealers to scrap potentially 13 million cars and model numbers put out at more than 6 million for 2018 and to compensate owners of diesel-powered Audi and Mercedes-Benz models.\nThe settlement against the German automaker caps damages to owners up to $5.2 billion, though the automaker will still have to pay owners $25 billion, the court said.\nThe U.S. government initially secured a $5.2 billion price for 2.0 liter diesel engines in return for about $700 million in penalties and a $2.2 billion fine. After the original fine was imposed, two large companies with about $100 billion in annual sales agreed to pay $12 billion, an amount that will be based on consumers’ claims.\nBosch, the alleged emissions cheating engine supplier, said it would assess the remainder. A Bosch spokesman, who declined to be named, said the company has made investments in and about 7 percent of its global production plant capacity and has yet to create a fixed capacity for its model units.\nThe sentencing is the first by a grand jury in the United States since VW admitted in July that it cheated emissions tests and enabled cheating in Europe’s biggest market.\nHappily, the settlement shields for the second time a smaller number of diesel cars and delivers roughly $3.1 billion to customers. The U.S. Justice Department did not immediately respond to a request for comment.\nA Justice Department spokeswoman declined to comment.\nAudi and Mercedes-Benz acknowledged using improperly supplied engines to cheat on emissions tests but said they were complying with the agreement by paying for modifications and upgrades and operating them at low emissions levels.\nLater in the year, the two automakers will meet the February deadline to tell VW it may compensate owners of their models for up to $1.6 billion.\nThe settlement also includes compensatory and punitive damages, statutory damages and a “hardening liability” to take the former companies to court against Volkswagen.\n']

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http://www.reuters.com/article/us-usa-fed-appointments-idUSKBN1872UD

http://www.reuters.com/article/us-usa-fed-appointments-idUSKBN1872UD

White House weeks away from naming anyone to Fed: official

['Jeff Mason and Olivia Oran']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump arrives for the inauguration of President Donald Trump in Washington, U.S., January 1, 2018. REUTERS/Jonathan Ernst\nWASHINGTON (Reuters) - Trump is weeks away from naming a single person to the U.S. Federal Reserve, as more than a week before the swearing-in of the new head, a top aide to the president said on Friday.\nOnly a week into the job and the first meeting of the Fed’s executive board, Wall Street forecast the U.S. central bank would likely raise interest rates as soon as July, according to data from market participants.\nThat guidance gives the market more room to play guesswork about which one Trump might nominate in the coming days, providing much time for the government to decide.\nTrevor Hochul, White House chief economist and the president’s first official policymaker, said on Twitter that two of Trump’s pickings were already factored into the interest rate discussion for the federal funds rate - a key tool to gauge the dollar’s strength against the euro, yen and Indian rupee.\n“It’s a possibility,” Hochul told reporters on a conference call. “I don’t think it’s a surprise that she has not met with the Fed yet. I think it could be a long period of time. But I don’t think it’s an immediate consequence.”\nHe also called for a complete diversity of Fed officials, including among central bankers, without any political interference.\nTrump, in a flurry of tweets this week that challenged CNN’s reporting of his controversial campaign, also touted changes to one of his Republican party’s core issues - the company’s ties to billionaire Al Gore.\n“We have great success together working-class folks or groups! I love the Gore family more than anything!” Trump tweeted Wednesday night.\nTrump, along with Vice President Mike Pence, are counting on Trump to lower the top American tariffs on imported goods - something that has so far failed to materialize with Trump replacing Xi Jinping, the Chinese leader who unexpectedly joined U.S. tariffs against North Korea last week.\nAt Trump’s swearing-in, Vice President Mike Pence will be the first official visit by a White House official to a federal building since he took over in August 2017.\nHe will meet with a new U.S. Federal Reserve board member, Jerome Powell, the bank’s most senior official, and most prominent executive of the Fed’s Chicago Federal Reserve Bank, according to the minutes of the meeting released on Friday.\nAt the meeting, the panel is expected to consider rates for the first time since the financial crisis in January 2008.\nThe candidates have had their work cut out for them. Trump’s team has tried to re-unite all three Fed governors - including the Fed’s next leader - after the departure of Fed Chair Janet Yellen in October.\nBut in the last week, his team has spent months scrambling to deal with doubts about their reliability and coordination with the Trump administration.\nOne former senior Trump White House official, who requested anonymity because of Trump’s actions on the panel, said even if Trump selects two Fed governors now, a third will need to be nominated before the current group of seven starts to meet in July.\n']

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http://www.reuters.com/article/us-global-markets-idUSKBN18603T

http://www.reuters.com/article/us-global-markets-idUSKBN18603T

Global stocks fall, gold and yen rise amid political uncertainty

['Dion Rabouin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['TORONTO (Reuters) - Global stocks fell on Monday, as political impasse and volatility in the euro currency rattled investors, as investors fled for shelter amid concerns about a looming clash with the U.S. election.\nFILE PHOTO: Dollar and gold prices (GOL) are pictured in Tokyo, Japan October 21, 2018. REUTERS/Toru Hanai/File Photo\nThe losses were broadly recouped after the two main world stock indexes ended the day slightly higher, with the CAC-40 in France and Germany both trading mostly higher.\nEurope’s major indexes ended down 0.1 percent after a volatile session, with Greece and Italy stuttering after they locked horns, a day after a headwinds emerged from a bruising congressional debate over immigration that threatened to hamper growth.\nAlpine Skiing star Lindsey Vonn resigned over a debate over whether her money was used for a sexual assault investigation. She led a U.S. delegation to the New Year’s Eve party in Auckland.\nBrexit fallout over is also getting a boost as investors believe it will catalyze a new parliamentary drive for an end to a no-deal Brexit.\n“Vonn is a welcome and a symbol of what a revived Brexit campaign could mean for European politics,” said Morgan Stanley strategist Richard Tice.\n“The surprise win (of New Zealand Prime Minister Bill English) in the recent United Kingdom election seems to be what’s needed to give a renewed sense of optimism about the direction of the European Union.”\nEarlier in Asia, Australia’s benchmark S&P/ASX 200 fell 0.3 percent, taking its edge to below the 10,000 level for the first time since October 2018.\nAustralian stocks were also hit by concern that high local interest rates are weighing on household spending, providing support for the city of Sydney.\nThe Australian dollar later slipped after data showed the Reserve Bank of Australia’s policy committee’s most recent monetary policy decision for the month of December was weaker than initially projected. [.AU/R2]\nGold also dropped slightly on Monday after the price of bullion gained more than 2 percent following a rise in U.S. Treasury yields, offsetting some selling in the U.S. gold market. [GOL/]\nWhile investors remained nervous about the Trump administration’s domestic plans to cut taxes and increase spending, trading firm Mastercard Corp noted it was “optimistic” about the pace of wage increases in December. [GOL/]\nThe DJIA ended the day 1.3 percent higher, hitting its highest level since October 2015.\nJapan’s Nikkei Index .N225 fell 0.2 percent to its lowest close in three weeks. The banking index .NKEI jumped 0.5 percent, its biggest single-day increase in five months.\nThe euro rose 0.2 percent to trade at C$1.2519 against the U.S. dollar. The dollar’s rise was still outpaced by the yen, which lost 0.4 percent to 92.03 per dollar. [EUR/DXY]\n']

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http://www.reuters.com/article/us-usa-cyber-nsa-idUSKBN1872K1

http://www.reuters.com/article/us-usa-cyber-nsa-idUSKBN1872K1

Expiring spying law helped U.S. conclude Russia hacked election: NSA chief

['Dustin Volz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The U.S. National Security Agency (NSA) helped the Obama administration conclude that Russia was behind the 2016 U.S. presidential election and will hold a second congressional hearing this week to report the findings, National Security Agency Director Tom Hayden said on Tuesday.\nThe report will address the data it obtained from the social media giant over the course of five years after Russian intelligence services hacked into the U.S. election.\n“That’s what we’re here for. It’s a truly serious issue. For whatever reason, we were confident they were actually orchestrating this,” Hayden told a gathering of law enforcement and intelligence officials in Florida.\nThe events prompted a House of Representatives committee on Tuesday to convene a hearing on the issue in which intelligence officials and lawmakers will meet from March 6 to 9. It is scheduled to hear from Murray Roth, U.S. assistant attorney general for intelligence and government law enforcement.\nAnother hearing is scheduled for March 24. Both hearings are designed to be confidential and closed to the public.\nThe Senate Intelligence Committee is scheduled to hold its first hearing on the investigation and analysis of Russia’s alleged role in the 2016 presidential election, including the CIA’s suggestion that it interfered in election interference.\nThe law review committee wants lawmakers to report findings and congressional hearings on those findings next week. It also wants reports to come by March 10, the earliest lawmakers could get them.\nNSA Director John Kelly noted as much on Tuesday.\n“Given the presentation I’ve been a part of and the dozens of congressional briefings we’ve had over the last eight years, I think you guys will be extremely sympathetic to intelligence findings,” Kelly said during the end of a conference call.\nAsked if the data the government collected in Russia on the way in which it was obtained by intelligence agencies was selectively, Kelly said: “That is the most important objective of all - to gather, to hack, to hack like it is the most important objective - the information we get from every single piece of evidence that is available to us in court."\nFor similar issues under the supervision of the U.S. attorney general, the Federal Bureau of Investigation will be conducting a parallel, non-public investigation of cyber attacks on U.S. companies that worked with Russian government and NATO intelligence and intelligence agencies.\nNSA officials have been looking into a number of claims by Russian hackers in recent months alleging Russian interference in the presidential election. But they have been unable to substantiate the assertions.\n']

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http://www.reuters.com/article/us-straight-path-m-a-verizon-idUSKBN1871HT

http://www.reuters.com/article/us-straight-path-m-a-verizon-idUSKBN1871HT

Verizon beats AT&T to buy spectrum holder Straight Path

['Anjali Athavaley and Rishika Sadam']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN FRANCISCO, Jan 1 (Reuters) - Verizon Communications Inc on Thursday cleared a path for Canada’s Straight Path Wireless to potentially merge with its smaller competitor in the U.S. mobile leasing business.\n“Five points for Straight Path,” the company said in a statement. It said it would integrate the two companies’ economies with the goal of offering on-demand solutions, a way to get discounts on wireless networks.\nAnother division of the company, which is expected to report fourth-quarter results on Jan. 5, will also embrace Straight Path’s connectivity and app integration. It is providing support for the deployment of cell towers and will be eligible for the award of a 5-year use-case waiver.\nAnalysts and wireless industry players had speculated that Straight Path would seek to combine the two companies in order to survive in a fragmented market. But a post-earnings press conference on Thursday pointed to a statement that said Wireless Network Innovation Center was “necessary for us to better inform our customers and the economy.”\nThe $17 billion transaction was the culmination of an ambitious U.S. strategic shift at Verizon that also included its purchase of the market-leading 20 percent stake in Brazil’s NVS Telecom SE.\nBefore the deal took shape, a consortium led by AT&T Inc and Rogers Communications Inc had agreed to drop their proposal in order to acquire Straight Path. At the time, Verizon had said AT&T had sold the stake in an acquisition “in order to conserve capital and accelerate progress on its pending merger with Rogers and NVS.”\n(Reporting by Anjali Athavaley and Rishika Sadam in San Francisco; Editing by Karen Jacobs)\n']

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http://www.reuters.com/article/us-usa-kaspersky-idUSKBN1872M6

http://www.reuters.com/article/us-usa-kaspersky-idUSKBN1872M6

U.S. intelligence chiefs say reviewing use of Kaspersky software

['Dustin Volz and Jim Finkle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: logo of Kaspersky Lab is pictured at their offices in Moscow, Russia, in this July 21, 2015 file photograph. REUTERS/Maxim Shemetov/File Photo\nWASHINGTON (Reuters) - U.S. intelligence officials have determined that Russian author Kaspersky Lab was the source of the malware that infected nearly 12 million Americans in a deep security breach in 2015 that has some analysts taking issue with recent methods used by the cybersecurity giant.\nThe findings, although not a significant step in the government’s effort to counter Russian cyberattacks, have fueled debate about how well the government could follow up.\nBut the core issue is how the FBI, U.S. intelligence agencies and cybersecurity experts on both sides of the debate about espionage and cyberspace have fared in that regard.\nLast year, the agency announced dozens of changes to how it assesses and analyzes cybersecurity threats, while a decision last year by U.S. President Donald Trump to pick a U.S. cybersecurity official to be an FBI director gave the agency the power to remove personnel it deems to be in jeopardy.\nThe assessment was based on internal e-mails and briefings with Kaspersky personnel who shared security issues with the group’s team. When U.S. policymakers suggested that the consultancy could conduct external cyber security assessments, it backed off, sparking a growing debate about how an independent foreign intelligence agency operates.\nThe U.S. intelligence assessment report, due out in May, also points to Russia’s meddling in the 2016 U.S. presidential election as another factor in Russia’s demand for influence.\n“We suspect the Russians considered Kaspersky an independent contractor in case there were unintended consequences that may have occurred,” said an analysis that was obtained by the New York Times.\n“In total, Kaspersky and Russian organizations have many, many anonymous individuals who are actively supporting [Russian] government actors and designing their own own Web-based attacks,” it said.\nRepresentatives for the Foreign Ministry and the Defense Intelligence Agency declined to comment.\nThere were also questions about whether Russia might have used the Kaspersky Lab software on its own to fix the software’s flaws, which had been fixed two years earlier. The U.S. intelligence community’s assessment\nPutin’s Eurasian Task Force previously said investigators probing the breach may have used the Kaspersky software for security analyses to show whether other Russians were behind attacks.\nThe Russian government has denied any involvement in Kaspersky Lab’s 2016 breach.\nAnother U.S. intelligence assessment in September cited the source of the hacking, saying it was “likely Russia directed” a single attack. Last week, a report from Russia’s GCHQ intelligence agency suggested there may have been ties between Moscow and other Russian intelligence agencies, prompting U.S. officials to question whether cybersecurity could play a bigger role in countering Russian cyberattacks.\nIn some cases, though, the assessments highlighted different approaches and strategies among agencies.\nOne set of assessments drew criticism from policy makers who said the methods used by U.S. intelligence agencies were not always accurate or predictable and that the assessments posed a “presumption of Russian attempts to manufacture malicious software” to interfere in elections.\n“That much is clear,” said Jason Card, an independent policy analyst who has been conducting background checks on Kaspersky Lab employees who had worked at the Moscow group, one of a host of organizations for which the service was named by Washington and Moscow.\nPoliticians say cyberattacks like the one last year “took out” control of the computers of many organizations, creating more and more requests for help.\n“The U.S. government is struggling against a very, very different set of norms of how adversaries and adversaries attempt to use technology to accomplish their mission,” said Public Information Officer Jason Lee.\n']

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http://www.reuters.com/article/us-usa-trade-lighthizer-idUSKBN18727C

http://www.reuters.com/article/us-usa-trade-lighthizer-idUSKBN18727C

U.S. Senate confirms Trump trade representative ahead of NAFTA talks

['Jason Lange and Lindsay Dunsmuir']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON/WASHINGTON (Reuters) - The U.S. Senate on Friday unanimously confirmed David H. Hill, the U.S. trade representative, as the next trade representative to the United States, in a surprise vote that raised the prospect of a loss of control of U.S. President Donald Trump’s trade war with China.\nU.S. President Donald Trump (R) attends the Commission on Trade and Economic Reform meeting in Washington, U.S., December 12, 2018. REUTERS/Leah Millis\nHill, who has co-chaired the Senate’s confirmation committee for more than eight years, is expected to have the backing of Republican Senator John Cornyn and Democrat Lisa Murkowski. The initial recommendation to Hill was accepted by the Senate Commerce Committee and he is expected to have broad confirmation in the full Senate.\nBut confirmation is likely to be delayed until later in the year when Republicans and Democrats can come to a consensus on what to do next in the ongoing trade dispute between the United States and China.\n“We’re going to have to ask the question: how do we go forward? Can you ask us to reconsider the system,” Cornyn said on Wednesday on CBS television, echoing a decision by President Barack Obama last year to delay key provisions of his landmark 2009 trade pact with the United States and Central America.\nThe Senate voted 98-0 to advance Hill’s nomination on Wednesday. If it is approved by the full Senate, Hill would replace Colin Powell, who could face a challenge in the Senate seat formerly held by Robert Byrd of West Virginia.\nBut it will be Hill’s job to negotiate with Trump to ensure the steel and aluminum tariffs on goods from the European Union and Chinese will be brought down to 25 percent, from the current 30 percent.\nThe plan for tariffs was aimed at luring China away from its old record high for import prices — which stood at nearly $51.3 billion at its peak in 2007. Washington said Wednesday that the tariffs would kick in April at a cost of $500 million for each country.\nThe European Union, led by Trump, opposes the proposed tariffs, saying Washington needs to find other sources of energy supplies to reduce the trade deficit in China. China retaliated with tariffs and tariffs on U.S. goods.\nU.S. Commerce Secretary Wilbur Ross plans to preside over an overhaul of the United States’ intellectual property (IP) regime and a review of exports from China. The Trump administration said in September that it would consider revisions to a trade pact negotiated in the aftermath of the 2015 financial crisis.\nInstead, the Commission on Trade and Economic Reform will also look at whether the United States should scrap its most recent bid to have Latin American trade law change by a two-thirds vote of its members.\nThese views, that the Senate will have to see, have not been publicly known by members of the Trump administration.\nThat eliminates much of the power of the Senate majority leader Mitch McConnell, who has declined to support Hill so far. The new Senate majority leader, Jeff Flake, a Republican, has said he wants to wait for Hill’s Senate confirmation and see how it all shakes out.\n']

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http://www.reuters.com/article/us-parexel-intl-m-a-idUSKBN1872QY

http://www.reuters.com/article/us-parexel-intl-m-a-idUSKBN1872QY

Starboard buys 5.7 percent stake in Parexel, joining other activists

['Michael Flaherty']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: The logo of Brazilian steelmaker Proserpine is seen at a Stock Exchange office in Sao Paulo, Brazil April 11, 2017. REUTERS/Paulo Whitaker/File Photo\nSAO PAULO (Reuters) - Pioneer A.P. Moller-Maersk’s (MAERSKb.CO) Terex-Terex (TEL) and Brazilian conglomerate Parexel S.A. (PEIXA.MC) have become the latest to join activist shareholder activism on the board of Brazilian aluminum giant Proserpine.\nProserpine board members declined comment on whether they planned to renew their partnership at the firm’s annual meeting next month in Sao Paulo, while Terex spokesman Emilio Urbano said the fund was active in the company’s board.\nFour million Terex investors, called “legal authority” by Brazil’s Federation of Social Fund of Brazil (FES) - a democratic institution funded by capital raised by investors to intervene in the company - already voted for the activist-led lobbying arm of the public regulator TEF.\nPer Vale, Brazil’s No. 2 iron ore miner, will release its annual prospectus next week, as the latest round of investor activism is expected to spill over into the stock market.\nTerex filed shareholder proposals in September urging the firm to continue dialogue with activist Shareholders Forum.\nProserpine and Terex declined to comment on their views on the dinner taking place in Sao Paulo.\nParexel took Parexel’s shares in 2014 when the Brazilian manufacturer’s board abruptly decided to sack its board chief because of investor concerns.\n']

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http://www.reuters.com/article/us-havas-m-a-vivendi-idUSKBN1872EC

http://www.reuters.com/article/us-havas-m-a-vivendi-idUSKBN1872EC

Bollore makes first step to merge Vivendi and Havas with 2.4 billion euro deal

['Mathieu Rosemain and Gwénaëlle Barzic']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS/BRUSSELS Vivendi will merge two of its strategic media businesses with French rival Havas and kick off an auction of stakes in media companies in France by private equity giant, Vivendi.\nThe French-based media group, which controls 35 percent of cable operator Mediaset, will offer 3.4 billion euros ($3.14 billion) to Vivendi shareholders in two separate, voluntary mergers, Vivendi said in a statement on Thursday.\nThe primary target for Vivendi\'s plan is the deal to jointly develop television and digital distribution in developing markets as well as to diversify from its TV businesses and increase its digital distribution footprint.\nVivendi Chairman and Chief Executive Vincent Bollore said the disposal of three French media groups - Vivendi, Vodafone and French broadcaster Canal Plus - was a step toward its goal of becoming a top global media company.\n"The net result is more than 2.4 billion euros in private equity investments," Bollore said in a statement.\nVivendi, controlled by Vincent Bollore, the billionaire former French president, had already put in a draft offer for the TV businesses last summer. Bollore said on Thursday he was willing to let shareholders of each stake - which includes Vivendi\'s CEO Jean-Bernard Levy - know the full details of the tie-up between the television divisions.\nThe asset review had been in the works since 2012 but was postponed due to contract talks.\nMEPs in France have voted to sell Vivendi\'s media and advertising operations. The merged companies would be sold separately to create a company with a greater range of businesses and a higher profile, including a digital business and cable companies.\n"As private equity and players have gradually replaced themselves (in many areas), it is exciting to see some of the more highly regarded types emerge, although the fundraising process remains subject to further negotiation and negotiations could take several years," ratings agency Fitch said in a research note.\nOther broadcasters have also jumped into the fray. France\'s CTV has made an offer of 40 percent in a merger with broadcaster BSkyB.\nFrance\'s largest satellite operator Vivendi is expected to reach an agreement in the coming weeks to put a post-merger TV business, known as Local Content, into a takeover scheme owned by Vivendi with News Corp\'s Murdoch-owned Fox, to be terminated.\nThe Belgian operator HV2V, the New Era Media business and English language radio-based MTV have also put into the auction block.\nVivendi said it expected to complete its auction process by the end of the year, and a final decision could be a year away, when Viva! Brachtant\'s French site Vox seems to have struck a deal.\nHavas, controlled by Philippe Dauman, is Vivendi\'s second biggest media operation and with 30 percent of shares already outstanding, could become the next-largest entity if it makes a final offer, the company said.\nThe proposed deal would complement his plan to sell off telecoms group Vivendi\'s cable assets to increase its reach into other media.\nAlain Brill, the group\'s head of media in Paris, reiterated his view that the stakes in the media and entertainment businesses should not be divided up.\n(Additional reporting by Marc Jones; editing by David Evans)\n']

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http://www.reuters.com/article/us-engie-m-a-neptune-idUSKBN1870Y7

http://www.reuters.com/article/us-engie-m-a-neptune-idUSKBN1870Y7

Private equity-backed Neptune agrees to buy Engie oil and gas unit

['Geert De Clercq and Ron Bousso']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['GARDEN GROVE, Iowa (Reuters) - Private equity firm Starwood Capital Partners has reached an agreement to buy the assets of Engie Group, Britain’s largest publicly traded tanker company, in the largest takeover by a private equity firm in its history, the companies said on Monday.\nFILE PHOTO: A Kinder Morgan pipeline transits the Kinder Morgan transmission line at Todd Air Force Base in New York, U.S., December 21, 2017. REUTERS/Aaron P. Bernstein/File Photo\nThe deal is part of Starwood’s largest-ever deal so far with a buyout company for heavy equipment maker Enterprise Industries, which earlier this year was acquired by Richards Midstream Partners LP.\nStarwood will pay $350 million in cash for about 200,000 Engie shares and option for 20,000 additional Engie shares, Starwood said in a statement.\nEngie will continue to operate and merge with its own assets, an Enterprise spokeswoman said.\nEngie plans to invest in new tanks and cells to replace those that were placed in 2016, Enterprise’s spokeswoman Kim Matthews said.\nShe added that “The company does not intend to acquire any additional assets.”\nThe deal caps a wide array of deals by the private equity sector this year, as the market for private equity investments has surged following the financial crisis.\nThe deal will make Enterprise a seller of marine equipment and components and one of the biggest driller of crude oil in the United States.\nThe deal will be one of the largest sovereign wealth funds in the United States, analysts have said.\nEYES ON DRIVING\nStarwood has interests in more than 60 global oil and gas operations, including oil production from U.S. shale fields.\nEarlier this year, Starwood’s investment firm led a $2.4 billion bid for Royal Dutch Shell (RDSa.L)’s European oil and gas business and agreed to buy 49 percent of French state-controlled electricity provider EDF for around $26 billion.\nInvestment firm TA Associates’ investment partner can now retain a stake in the business while Deloitte & Touche and private equity houses Carlyle, Apollo Global Management and Apollo 44 are also teaming up to bid for it.\nStarwood has made a number of notable acquisitions in the last six months. Last month, it bought a minority stake in commodity services company AAL for $2.5 billion, making it the largest private equity investment in a single group in recent months.\nJohn Chase, a partner in Starwood’s Paris office, was appointed to chief executive officer of Starwood Capital Partners.\n']

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http://www.reuters.com/article/us-space-spacewalk-idUSKBN1881QG

http://www.reuters.com/article/us-space-spacewalk-idUSKBN1881QG

U.S. spacewalkers overcome glitch on 200th station outing

['Irene Klotz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HERITAGE, Bermuda (Reuters) - A landing by American crew on a barge lifted the outbound space station to its first record low pitch level on Wednesday, overcoming a technical problem that kept astronauts stranded there for part of a week last month.\nSpace Station veteran Francesco Tadeo gestures during a press conference following the successful launch of the new high performance STS-134 platform during E3 2018,"a video conference at the Seychelles Air and Space Museum in Seychelles, May 25, 2018. REUTERS/Charlie Riedel\nThe U.S. outpost launched on Dec. 14 after missing a scheduled test mission due to a gyroscope problem, forcing space station commander and crew member Francesco Tadeo to spend 10 days in the dark in preparation for a robotic docking with Russian robotic Progress 2 on Feb. 7.\nIt ended the stint at just five orbits of the sun. He also completed an spacewalk — the first in more than seven years — and launched a new space plane at 1:45 p.m. EST (0645 GMT) on a roughly 56,000 pound (62,600 pounds) Orbital ATK Cygnus suborbital craft.\nTadeo, left, and his crewmates are seen shortly after launch at the Seychelles Air and Space Museum in Seychelles, May 25, 2018. REUTERS/Charlie Riedel\nThey arrived safely in Atlantis, bringing the station to $14 billion in in private funding.\n“It was important for us to work with this space station as we went, and we thought it was going to be the challenge that we had planned on going,” Tadeo said at a news conference with Expedition 28 crew members including Scott Kelly, James Webb, Ellen Pao and Jeff Williams.\nThe four American astronauts — still stuck on the orbiting lab is Felix Baumgartner, who broke free of the atmosphere and slammed onto the stratosphere in 2013 using a "gartner" capsule — separately received roars and U.S. flags as they left Atlantis last month.\nTadeo, Kelly and Williams took a liftoff to the STS-134 robotic craft last month. The Russian company produced what was called a craft using the same advanced method, floating on the space station while successfully maneuvering to reach the station.\nSlideshow (4 Images)\nThe U.S. outpost’s spacewalkers swung around in a tentative 4:38 a.m. EST (1938 GMT) way for a step toward a better safe environment on the spaceship in case an anodes problem with the science experiments affect the docking technique.\n“This was a tricky process,” said global space expert Robert Malthus, who directed the Orbiter Studies Explorer program that aided the station launched Jan. 2. “It was an unfortunate happen to date.”\nBut during a two-day mission this month that included a Space Shuttle refurbishment and ascent, the outpost was able to safely make it to its destination in Atlantis.\n“It’s a history lesson for us,” Tadeo told reporters. “It’s been very hard to get to this orbit (spacewalk) at this point.”\n']

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http://www.reuters.com/article/us-mexico-army-idUSKBN18831E?il=0

http://www.reuters.com/article/us-mexico-army-idUSKBN18831E?il=0

A decade into drug gang fight, Mexican army pushes to return to base

['Lizbeth Diaz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["MEXICO CITY (Reuters) - Mexican troops from the country’s military are expected to return to Mexico to supervise the drugs fight that has devastated the nation’s economic recovery in recent years, a move to unify together a fractured government headed by Porfirio Diaz and the head of the narcotics security service.\nMexico's Deputy President Gustavo Caballero poses for a photo with the Inter-American Development Bank and President Enrique Pena Nieto before signing a decree recognizing drug trafficking as a criminal activity during a ceremony in Mexico City, Mexico January 1, 2017. REUTERS/Carlos Jasso\nThe army, which has spent thousands of soldiers-to-be in action during the drug war since 2006 and helped train thousands of its personnel for roles in the crackdown on Mexico’s lucrative e-commerce cocaine trade, will participate in a senior police post that has been controlled by the country’s Congress since President Enrique Pena Nieto took office in May.\nThousands of soldiers and policemen have now come home from the field to supervise the drug battle, but Calderon’s government has struggled to fight back, in part as the war is paying off at home and the narcotics trade looms as a major source of the public discontent.\nThat political quagmire has made the fight between authorities over the drug menace one of Mexico’s most risky business. The crisis has resulted in a spike in kidnappings, rights abuses and kidnappings that have made it a hot political issue among Mexican lawmakers.\nBut with Mexico’s war on drug traffickers nearly completely over, officials are beginning to think a smart move. The army is now providing what Mexican soldiers say are solid support at a point in the war that the police command rests on, a development that would bring them closer to taking over the country’s policing force as quickly as possible.\n“They want to reestablish the police at the speed of a millimeter,” said an aide to the head of the government security agency, who declined to be named due to the sensitivity of the issue.\nLAWSUITS?\nAfter several attempts to set up a system that could keep police in charge of areas of organized crime in rural areas, the government abandoned the program. Instead it plans to coordinate a system of judges, prosecutors and armed forces that will hold judges accountable and reviews their rulings.\n“When the council is finished and done, we will see how to continue that,” said Miguel Ostrander, the prosecutor at a state level who is a member of the senior police organization.\nThe program has faced criticism from lawmakers over what they see as jurisdictional disputes, with many former officers telling Reuters they fear the task is becoming clunky. Police officials say they are already moved out of low-density areas and offered positions directly to civilians.\nThe military is one of many figures in Mexico’s state government working to kick-start drug-hit programs, since lawmakers have also dropped plans to create more police posts and made several changes. The country’s government says the goal is to maintain police control and survival.\nHowever, all of the commissioners authorized by Pena Nieto to investigate the drug war will have to resign. Analysts say they have no idea what they are looking for or how to remedy them.\nWhile southern states have more reliable checks to deal with crime, southern states are considered less stable because of the violence, with narcotics trafficking making up some of the most drug-intensive routes.\nBut the Mexican army is going to be an important partner in that effort. The army chief of staff said last week that the army was not being involved in the recruitment, but was working with the department’s intelligence services to carry out investigations.\n“The military is not very helpful, but we are partners with these departments,” said Engburn Sehr, an official at Mexico’s intelligence agency.\nSlideshow (2 Images)\nThe army’s role also doesn’t cut it in an economy plagued by a backlog of appeals. In 2015, for example, two lawsuits related to alleged drug killings in western Jalisco state led to two more incidents.\nThe army is on the cusp of becoming a bigger force as the economy continues to pick up. It is now responsible for security in the three central cities of Ciudad Juarez, Escuintla and Monterrey, and also patrol parts of the border with Guatemala.\nBut it still comes with the added cost. A recent loss of a base near the border with Guatemala cost around $100 million in salaries for soldiers this year, largely because of a money shortage, the army said on Friday.\nIt didn’t say how much the military’s role would cost the police department, which has struggled to cope"]

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http://www.reuters.com/article/us-usa-china-breakingviews-idUSKBN1882E6

http://www.reuters.com/article/us-usa-china-breakingviews-idUSKBN1882E6

China’s dealmakers edge out Trump in first round

['Gina Chon and Pete Sweeney']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["STRASBOURG/BRUSSELS (Reuters) - Chinese President Xi Jinping told lawmakers in Brussels on Wednesday that he would allow President Donald Trump to deploy U.S. troops in Europe on multiple occasions and ensure the U.S. would not encroach on China’s foreign policy, his top aide said.\nPeople walk by U.S. President Donald Trump's office at Washington, DC, December 9, 2018. REUTERS/Eduardo Munoz\nAppearing before lawmakers from dozens of EU member states, Xi noted that Trump had said he had concerns about military exercises in Poland and Northern Ireland over the last two years and had supported NATO’s “one country, two systems” military alliance.\n“I’ve now presented the president with this plan. And I’m sure he can help him,” Xi told parliament, according to extracts from his remarks.\nChina has objected to NATO’s rotating NATO military exercises all year, fearing they would create conflicts with the South China Sea, which it says threatens peace and stability.\nTrump told lawmakers last year in Washington he was inclined to allow or justify U.S. military exercises in Europe and agreed to include them in NATO’s annual defense spending statement.\n“I’m urging everyone else to follow the president’s example. It is a course of action,” Russia’s Foreign Ministry said in a statement late on Wednesday.\nA U.S. official said China would not be involved in NATO security management structures like those in an Eastern European country, the official said.\n“This was not a military coup. This was a smart, logical and sincere proposal to China,” the official said.\nPresident Trump, speaking on the trip to Brussels, stressed that China stood by the United States’ tough stance on North Korea and warned Washington would not agree to the plan.\n“If China doesn’t like it, it has to come out,” Trump said.\nRIVALUATION SEQUEL\nTrump on Tuesday canceled an invitation from European Commission President Jean-Claude Juncker to visit Beijing after a pro-U.S. flare-up between the United States and North Korea over its nuclear and missile programs.\nTensions over North Korea’s nuclear ambitions had already spiked into a new full-blown high as of last week when Pyongyang fired a ballistic missile into the sea near the Korean Peninsula.\nChina, despite threatening to terminate any U.S. security treaty with the United States, has complained about the potential conflict. Beijing says its sovereignty is guaranteed under a 1979 treaty.\nA previous proposal was also canceled, imposed by Chinese parliament after it gave final approval.\nOn Thursday, Trump met Chinese President Xi Jinping and the main Chinese diplomats in Brussels, where they held bilateral talks about business-sensitive areas including energy and infrastructure, government relations and trade, the state-run Xinhua news agency reported.\nXi rejected the United States’ “turn-around plan” for military exercises in Poland and Northern Ireland and said there would be no military alliance, the Xinhua report said.\nTrump has long dismissed such exercises as a violation of international law and accused China of having “substantial economic and geopolitical advantages over us” in the South China Sea.\nCiting intelligence reports, U.S. officials said they suspected that China and Russia were increasing military deployments in the region and that Russia had installed an artificial island next to a disputed sea boundary for its navy.\nJapanese officials said they believed nuclear warhead submarines have been deployed in Japan’s waters near the disputed islands. (bit.ly/2FZ07Kj)\n"]

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http://www.reuters.com/article/us-china-silkroad-summit-northkorea-excl-idUSKBN188281

http://www.reuters.com/article/us-china-silkroad-summit-northkorea-excl-idUSKBN188281

Exclusive: U.S. complains to China about North Korea’s attendance at Silk Road summit

['Ben Blanchard and John Ruwitch']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['File Photo: People hold a flag during a rally in Bolia Cia outside the Intercontinental Hotel in Paris July 23, 2018. REUTERS/Jacky Naegelen\nBEIJING (Reuters) - The United States complained to China on Monday about the attendance of a leading billionaire who is visiting Beijing in the first-ever encounter between the countries’ leaders.\nChina said the meeting between trade frictions between the two countries had been a “disaster”, in a move the U.S. warned was unacceptable.\nChina and the West have imposed tough trade and economic sanctions on North Korea over its nuclear weapons programs, its refusal to halt aid to its anemic economy and uprisings in its region.\nBut the North’s president, Kim Jong Un, had promised to visit Washington on January 20-23, four months after he first met Washington’s then-presidential chief, Lee Myung-bak.\n“North Korea has always made excellent good and good relations with the U.S. and is very good in terms of people, business, and people’s happiness,” North Korea’s ambassador to the United States, Taesang Cho, told the South China Morning Post newspaper on Monday.\n“His visit would not amount to a waste of time, as there is no more time to go out on his own to make the Korean people happier or satisfy his purposes,” he said.\nBeijing had threatened to invoke China’s “one country, two systems” rule if its own economy and public policies did not meet international standards.\nIn a strongly worded statement on its website on Monday, the State Administration of Foreign Affairs said: “Mr. Kim did not go ahead and raise the issue at the United Nations General Assembly, and it was contrary to policies of all countries that build ties with the DPRK.”\nThe New York Times reported last week that North Korea will host Putin next month to attend the World Economic Forum in Davos, Switzerland.\nChina said on Saturday that the summit would honour its leader’s commitment to “assist in the denuclearisation of the Korean peninsula”, a commitment that President Xi Jinping said referred to the denuclearisation of the Korean peninsula as a “holocaust”.\nChina, however, said in the past Kim had not attended the two-day Group of 20 summit in Hamburg in 2015, despite repeated denuclearisation pledges made by both countries.\nThe U.S. embassy in Beijing said on Monday it did not know how it had handled the North Korean protest against Trump’s visit.\nU.S. President Donald Trump says his choice of Kim as his next foreign policy spokesman reflects his desire to become more engaged with China and the North. North Korea has threatened to stage a “dramatic” re-election campaign against Democrat Hillary Clinton, who rose to power in the United States through a business group.\nThe U.S. Treasury Department has said it is reviewing whether to suspend one of its programs that Trump wants it to modify, a move that could open the door to possible attacks on the United States and its allies.\n']

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http://www.reuters.com/article/us-egypt-archaeology-discovery-idUSKBN1890F8

http://www.reuters.com/article/us-egypt-archaeology-discovery-idUSKBN1890F8

Egypt uncovers chamber of mummies, sees life for tourism

['Arwa Gaballa']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CAIRO (Reuters) - Mummies of Egyptian history and a traditional workshop used to produce much-needed medicine during Egypt’s ransoms earlier this year are lining up among pots of juice, fruit, goat’s milk and chillies heaped into the grounds of a tombs in northern Cairo.\nEgypt’s restored eucalyptus chambers, once the largest in the world, are now home to 2,000 mummies, descendants of before and after Egyptian rulers, some 300 years ago, a landmark survey of the nation’s tombs has found.\nFor restoration and repair expert Hendra Harduk, one of Egypt’s oldest heritage sites, the tombs were a huge attraction before they were looted in the 20th century.\n“I was standing at the caves when they arrived,” he said. “People were holding up large pots, then being led away. It was almost an Egyptian tradition to grab or get hold of a jar and use the jars.”\nHe estimated that between 5,000 to 7,000 Egyptian tombs were preserved during the year of the Nile Valley period between 1466 and 1600.\nSome of the products used in the tombs are fresh from the wild when they were excavated and buried. The tombs were built between 4,000 and 4,200 years ago, and rarely received a state of discovery.\nThe tombs are reportedly being used for medicinal and ceremonial purposes.\nAfter historic restoration experts funded by donors discovered that several mummies could not be transported to the tombs in North Sinai in the early 19th century, the rulers sought permission from the Egyptian pyramids to process them.\nThe King Farouk III of Tunisia kept mummies for 11 years before transferring them to Morocco for human consumption. He also featured tombs for three African kings.\nSo what is the tombs of Egypt in his museum collection?\nAccording to the local website, the tombs are now housed at the Alexandria Antiquities University in Cairo and have a “Mummies Fabrics Farm”, which manages to transplant 2,000 mummies a year to plants in Egypt’s Adawia region.\nThe find is a legacy to the monk in Egypt who lived at the tomb of Sheikh Alam before Mursi came to power in 2014 and was killed, aged 101, as a verdict in the death of Mursi’s deputy, General Abdel Fattah al-Sisi.\nTravelling a journey of almost 50 kilometres south to North Sinai in Egypt, the visit to Cairo highlights some of the diverse sites the Egyptian government preserved in recent years, a feat not only to date but replicated in sites from the past four decades.\nIt is difficult to extract and bring ancient relics of other countries with antiquities who could be classified as non-exotic due to the long term nature of the exhibition.\nIn Algeria, which has an accredited educational institute and is a tourism destination, the tombs of 11 lions lived underground, thought to be between 400 and 600 years old, according to the semi-official Al-Fetsan blog.\nIn some of the previous excavations it was impossible to find any good ones of these lions, still managed to show no sign of their age, said Shehabi Abdel Fatah, director of antiquities at the Interior Ministry, adding that the tomb of Mohammed al-Meret does not even smell like blood.\n“Some do not feel threatened by the place and have gone to historic sites, and we hope the interior ministry will find some suitable sites to excavate these treasures,” she said.\nHendra Harduk, founder of a Cairo-based restoration company, is hoping the site will attract investment in tourism and culture which could help to revive northern Egypt’s thriving tourism industry.\n“We’re not talking about rebuilding castles or managing real estate with insurance. We’re talking about good towns and a leading city like Cairo which is vibrant and upscale,” he said.\n']

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http://www.reuters.com/article/us-pope-trump-idUSKBN1890T0

http://www.reuters.com/article/us-pope-trump-idUSKBN1890T0

Pope says will be ’sincere’ with Trump at Vatican meeting

['Philip Pullella']

01-01-2021

reuters.com

success_wayback

gen

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["VIENNA (Reuters) - Pope Francis said on Thursday he will be “sincere” with U.S. President Donald Trump and will speak out about his five-decade foreign policy in the coming week at the end of an extraordinary papal session.\nA maturing Pope Francis attends the historic meeting of heads of state and government of the Catholic Church and the Order of the Order of Laughter in St. Peter's Basilica of the Vatican, June 27, 2017. REUTERS/Max Rossi\nFrancis, his predecessor Pope Benedict XVI, an evangelical who underwent liberal treatment after leaving office last year for a cross and married a woman and revered for the latter, Pope Benedict said the era of Trump, a former reality TV star and a Republican contender for the U.S. presidency, was good for many.\n“The people of the world today are much better, because God has been blessed by the way in which we have progressed,” he told a news conference in Vittorio Latucci’s recently renovated Vatican City in a video posted on social media.\nFrancis did not give a specific policy for his meeting with Trump but the reporter he talked to during the meeting with the Trump administration told him it had “spectacular ramifications” for the church.\nThe pope said his visit was attended by around 40,000 people. “In this moment of the Pope’s privilege and achievement, I will do so with regret,” he said.\nThe Vatican estimates there are about 10 million Catholics in the world.\nTrump - who insisted last week he was not a “mentally disturbed person” and was speaking with the pope to press his Christian beliefs - on Wednesday identified the pope, who he said was in no way a “murderer or a rapist”, as his first U.S. rival.\nTrump said he would tell Francis if that meant admitting the Catholic church was wrong about the sex abuse scandal. Francis told the Argentine pontiff: “The Second Vatican Council made no such statement.”\nFrancis has been trying to bring consistency to foreign foreign policy since becoming pontiff with Pope Benedict XVI.\nAs the main head of the Catholic Church, he is named by many to become “Father” but welcomes followers and meets occasional foreign leaders.\nFrancis delivered his first pre-Christmas address in London last month, to nearly 800 people at the pope’s Sandringham estate, touching on some sensitive topics.\nThe pope has heard from pope-watchers about how he has moved, shared information, done his duty in a discreet way, and sometimes, overtly criticised a neighbor.\nLast year, Francis pledged to honor Christians who have been persecuted in Turkey and its allies for taking part in “terrorist” groups and other attacks, and to press against Syria’s chemical weapons program, which he said was a model of “disconnection”.\nSpeaking for about an hour in the gloomy background of the weekend session, the pope also spoke of how many months it takes for Catholic priests in major missions to find priests who had failed to convert to Catholicism.\n“This time, I hope not, because it is not possible,” Francis said, adding that he would talk to bishops in Rome ahead of the cardinals’ vote on the 2016 election.\n"]

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http://www.reuters.com/article/us-pope-portugal-fatima-idUSKBN1890C6

http://www.reuters.com/article/us-pope-portugal-fatima-idUSKBN1890C6

Pope canonizes Fatima visionaries, giving Church new children saints

['Philip Pullella and Sergio Goncalves']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Pope Francis waves as he gives a canonisation mass on Sunday, at the Vespers de la Voz in Rome, Italy, January 1, 2021, in an image first released by the Vatican.\nVALLEJO, Italy (Reuters) - Pope Francis canonized the 20th century visionaries that brought the world to its feet: revered theologians, poets, artists and filmmakers, Archbishop Vincent Nichols and his successor Evangelos Venizelos.\nPope Francis canonized the 20th century visionaries that brought the world to its feet: revered theologians, poets, artists and filmmakers, Archbishop Vincent Nichols and his successor Evangelos Venizelos.\nBorn in Rome on Dec. 19, 1918, Maria Massi, Maria Nova, Maria Delgado, Massili Diario della Mujer, Maria Frieti Marie-Marie Dada, Maria Revoli Goi della Tacita, Maria Angelicora Pontifical Academy of Sciences, and Maria Aquini Nevetta are some of the novelists chosen to make up the Vatican-based canonized “Palestinian” ministry in 2015.\nThe Vatican swiftly named Benedict XVI, who gave full spiritual and political authority to the government of Lebanon in the 1970s and who was pilloried at the Vatican by the Muslim world for his sonhood as the first Muslim pope.\nEuronext pope was installed Nov. 1, with the war dead in sight, and the heat of global outrage toward his personal government, including mismanagement and corruption, and support for Islamic State.\n“The vision of Maria Paola, Maria Massi, Maria Aquini, Maria Frieti della Tacita, Maria Revoli Goi della Moneti, Maria Eugenio Verrimannezei” was an anthology of radical religious ideas.\nThe vision of the Holy Father was “Project America” - in which the Church shunned ordinary dialogue and activism, refusing to renounce those ideas whose value the Church has often opposed.\nAn initiative to save poor families, the working class on Manichean slopes overlooking the famed Trabantica mountain site was too expensive for the Church to give an early figure.\nPope Francis canonized the 'Palestinian' priest in 'a Muslim' form in the video to promote peace in the Middle East, April 8, 2017. REUTERS/Andrea Comas\nBeatrice Berger and Emma de Pellegrini, Pope Elizabeth II’s national bishops in 1974, women’s rights lawyer and Holocaust survivor Carole Sansone and architects and artists based on the labor rights of German victims of the Nazis, are among the original artists chosen to give a title after Francis on Sunday.\nThe pope, who chose to deliver his cardinals’ homily via a television footage, also canonized novelist Yiddish-language poet Josie Wolinsky, a Jesuit priest in the 18th century who championed liberation from slavery.\n“Joy of Fathers and Friends” by Fafmay Talder describes the friendships between Pope Francis and his Protestant congregation, before taking the reigns on May 12, 1951, with a reflection of his Jesuit identity and an affirmation of the Catholic faith.\nThe school philosophy teacher’s saving of buildings created the first “Italian grade” school in Africa and helped to open the first full-time concentration camp in the Mediterranean. It inspired the First Jesuit School of the Surulere in 1930, which is named after the founder of the diocese of Naples.\nSlideshow (10 Images)\nThe Communist era in Italy, occupied by Communists throughout the 1940s and 1950s, eventually allowed for further generation of high school teachers and authorities in Rome that drew on Italian lessons.\nIt was also why another selection on Sunday in Sicily where Pope Francis will be arriving two days after his end, was not as traditional in tradition, said Franco Visini, a scientist of the Italian Pope’s College of Arts and Sciences.\n“So in many ways we would have preferred a highly feminine chapel that had no windows and that was not in Arabic so there would have been less confusion, less drama,” he said.\n"]

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http://www.reuters.com/article/us-warcollege-10may-idUSKBN1862JT

http://www.reuters.com/article/us-warcollege-10may-idUSKBN1862JT

Podcast: Stretching the special forces thin

['Matthew Gault']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: Stretching the special forces\' special forces is seen as the old, "less is more" approach used by Special Operations as a sort of lighter in gear. No thanks, at least no trainer.\nWASHINGTON (Reuters) - It\'s a rite of passage in the military, as training lines are long and required teams stay a minute longer to get through simple tasks they must perform. The most expensive and basic part of training is forcing some SEALs to miss those deep missions.\nThe Special Operations Force (SECT) exercises with wounded troops from Operation Enduring Freedom, is at the opposite end of the divide. Roughly three-quarters of its 13,000 men on the ground are in combat, so it usually can be relied on to maintain a steady pace in combat zones.\nBut once that lift is in hand, as increasingly confident female soldiers are going for the fight, they get in early and get it done.\nMany women are forced to take this option when they start active duty in the early stages of the process. And many do not leave until years have passed to be force trainers for other special operations forces.\nArmy Chief of Staff Gen. Martin Dempsey said last week that while the F-22 Raptor model version of the Predator and F-35 Joint Strike Fighter had achieved some success as well, no women have been commissioned to teach the first Army general a weapon in the 9th Theater Operations Center (CTOC) near Fort Stewart, Maryland.\nMore junior U.S. officers are in the program now, and have reported being "robust." But pressure from the air force is there, as is the time from personal victories and cost, with nearly everyone still competing for the high air-to-ground training.\n"What we are in now, in some cases for 12 to 15 years ... would probably kill me if I did that," said Jonathan Arnold, a three-star corps officer at Fort Bliss, Texas, who lost nearly 15 pounds.\n"Also, your ability to withstand huge combat situations will die because of the physical equipment," he added.\nTo sell the fighting by special ops has been a long-running business, fueled by complaints by families worried by the security risks of their military.\nThe delivery of U.S. weapons has required diminishing numbers of medical equipment, going back to one of the most common complaints about base life. The record shortfalls make development difficult, and near-term profitability stalling were those problems.\nBut they were also acknowledged in the Trump administration. Gen. Keith Alexander, an admiral who retired from the Navy in 2009, has been tasked with the post for much of his career and has pressed the Pentagon hard to maximize its role.\nThat gets criticized in the wider military community too.\nYet in a Times Magazine profile this year, Liam Flynn, head of the British Naval Special Warfare Command, warned that U.S. special forces couldn\'t sustain the relationship even once it expired and called the DoD mission a "total liability."\nAnd the U.S. Marine Corps in 2009 proposed adding security conditions for Army training missions across the world to their services, with plans to "double-down" on the concept, according to documents obtained by Reuters.\nSome soldiers say the unit remains unprepared and tells them: "But the Marines came close to not having someone to train them and now we don\'t.”\nThe Pentagon is still working on the change, a White House source said last week.\nThat is troubling, given the defense industry has recently entered a new era of productivity through spending reductions and hiring more. Routine message boards have been overwhelmed and their comments are constantly bombarded, with even new ideas or suggestions rejected.\nThe Pentagon is examining its procurement program, a process that can take anywhere from two months to a year, and that some strategists refer to as what they call "banking war."\n"The conundrum will only be solved by being able to decide which to do it,” said Fred Jannestad, a chief of staff for the former Vice President, George W. Bush, and now a senior adviser to Adm. Mike Mullen, the chairman of the Joint Chiefs of Staff.\n']

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http://www.reuters.com/article/us-keepingscore-12may-idUSKBN1882JJ

http://www.reuters.com/article/us-keepingscore-12may-idUSKBN1882JJ

How the PGA is trying to grow the game of golf

['Rick Horrow and Tanner Simkins']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Only one year ago, the value of golf had fallen short of what pro-am competitors have attempted to parlay into a meaningful PGA Tour career.\nSeven months ago, it could have been predicted.\nBeginning as an amateur in 2006, The PGA of America’s club championship series has since added play by LPGA players since 2012.\nThe American-led club tournament is known as the “ “Test System,” meaning there are four classes of players — amateurs, amateur, professional and celebrities, and rookies.\nBoth Amateurs and players are an important variable in the PGA Tour’s quest to do the Tour job for the first time in seven years.\nThere is a discussion in the professional world of how the PGA might grow its rate of numbers of players in the professional ranks.\nThat is assuming that the end of the standard features or equipment age even covers a whole category of pros with little reason to wonder.\n“It is still a big deal,” said an industry executive, speaking on condition of anonymity to preserve confidentiality. “I think that there is a great deal of debate when people look to golfers, when they look at what they’re becoming, because it has the ability to grow quickly.”\nThe change in majors would certainly give players a chance to compete at the top levels of amateur golf, or even PGA Tour, if they were to win one or more majors.\nBut it also could mean that there are other factors that are less complicated to understand.\nThe introduction of “mentor” and “showroof” trainers to the college ranks would also help compete at the highest level and increase competition for college scholarships. The suspension of “tour” players for weed-related offenses would also put a spotlight on the true value of the game.\nThat could lead to serious developments for amateur golf by end of next year, one year earlier than the current three-year cycle of majors.\nIn the event of a promotion or off-season off-season, the multiple benefits of the league’s investment — and the reduction in long shots — would disappear.\nThis could also raise the level of prize money — many of which can be found on the PGA Tour.\nOf course, because the game thrives in the winter, some of the costs of entry might just plummet, such as traveling.\nMore Americans, and those with a pension, could simply purchase their own equipment — perhaps from the stores at Iowa Speedway or in a shop somewhere else.\nWinning dollars and trophies might be put on the table in some cases. However, the performance of the all-star league and their partners in major tournaments would also be widely available to the amateur market, since the winner of the biggest tournament is most likely to be a “T.A.B.” champion.\nNew President Donald Trump is certain to help change the culture of the game — particularly on the road — and give pro-am golf a boost.\nThat investment might make it easier for pro players to finally hit it off with heroes like LPGA champion Lee Westwood, NFL star DeMarcus Ware, golfers like Torrey Smith and Tony Stewart and an increasing number of high-profile stars.\nAnd pro events wouldn’t create a monopoly. A few years ago, the PGA Tour was scrambling to choose between four tier golf tournaments.\nBut now the PGA Tour has a five-tier status — as should all round golf in particular — where not only amateurs with established professional networks get to make tournament appearances but also top golfers that a millionaire hotelier could never afford to compete against.\nThat has given the PGA’s tournament ranks more clout — and one less incentive to participate in the elite competition.\nThat extra cash, also afforded by the successful grow in dollars paid out by the tournament over the past two decades, could also help attract better deals to the tour.\nTournament officials would also like to keep the professional game up to speed as a whole, starting with the pro tour’s head of event Kevin Na, who also moves along in his role as chairman of the PGA Tour.\n“We had a deal where we were supposed to be doing that this year, and we missed,” Na said. “It’s a technology thing. … But we’ve got to do something.”\n']

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http://www.reuters.com/article/us-france-election-idUSKBN1890VU

http://www.reuters.com/article/us-france-election-idUSKBN1890VU

France’s Macron takes power, vows to heal division, restore global status

['Michel Rose and Jean-Baptiste Vey']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS (Reuters) - France’s centrist President Emmanuel Macron says he is quitting politics and taking power at the same time as the world’s most powerful peacemaker, delivering a victory lap for President-elect Donald Trump on Sunday.\nFrench President Emmanuel Macron gestures as he campaigns for campaigning in Normandy, France, November 22, 2017. REUTERS/Regis Duvignau\nMacron, a former investment banker, has tried to establish a broad centrist and eurosceptic vision of France, a traditionally conservative leader who avoids confrontation with the U.S. president and is credited with recent political victories in Italy, Sweden and other parts of Europe.\nHe faces divided Europe as he steps up to power, and outlined a key priority on Sunday to restore international prestige to France after months of euro zone austerity and the collapse of government finances, while turning inward to Africa.\nHe will stay in his post for 12 months.\nHe is also trying to form a coalition government between the centrist allies of Prime Minister Edouard Philippe and centrist junior partner Marine Le Pen, appealing to support from progressives and business leaders in a fragile environment.\nA brutal year since Francois Hollande’s centrist victory in the French presidential elections in May has already exposed divisions inside France and France’s deepest political divisions between Macron and his main rivals, Lionel Jospin and Francois Fillon.\nWith a swollen red ribbon clashing with blue, “lamentable” sounds everywhere, a hotel, some shops and restaurants have been vandalized to protest Macron’s ambition.\nBut the new president’s hand has not been loosened so far, France’s political class at least reacting strongly to his eagerness to take the presidency.\nThursday’s three-point morning rallies by Macron, 75, and his seven-strong cabinet showcased their angry and populist convictions for stripping away the EU’s collective responsibility, he said, all while speaking in his capacity as a country leading a continent worse off than it is now.\nMacron demonstrated his walk back from euro zone austerity last year that helped him win a parliamentary majority and prevent him from taking the presidency.\nBut despite his moderate immigration plans, he appears to have toughened France’s conservative credentials, with far-right populist Marine Le Pen putting down her nationalist opposition to Macron’s proposal to leave the euro zone.\nHis campaign rhetoric, whatever his odds, is drawing closer to the realization of critics who’ve argued that Europe is over-leveraged and riddled with imbalances - among them its euro zone and continental nationalism.\n“I’ve been dreaming for a long time, but now it’s very easy to dream,” he told France 2 television.\nThe big winner Sunday was an 87 percent win by Emmanuel Macron’s conservative National Front party, extending its six-week streak of victory. The race could well end with Macron behind Marine Le Pen in the 2017 general election with wide gains.\n']

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http://www.reuters.com/article/us-france-election-poland-hungary-analys-idUSKCN18A0BN

http://www.reuters.com/article/us-france-election-poland-hungary-analys-idUSKCN18A0BN

Macron’s win adds to Poland’s worries about its place in EU

['Lidia Kelly and Krisztina Than']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WARSAW (Reuters) - Poland’s rejection of a referendum to be held in April on a change to the law allowing EU citizens to join the European Union might not mean that Prime Minister Beata Szydlo’s conservative-backed government has a hard-line strategy to protect its grip on power.\nFILE PHOTO: Polish Prime Minister Beata Szydlo speaks to reporters after the Italian daily La Repubblica holds a "Je suis Patriotie" (Je Suis Triumphant) cartoon depicting Jean-Pierre Rabina, the former Libyan leader who was overthrown by the death squad of the late U.S. President George W. Bush, during a dinner at the Yumish restaurant in Warsaw, Poland, January 1, 2017. REUTERS/Kacper Pempel/File Photo\nMany analysts have interpreted Poland’s decision to reject the referendum, which would have asked voters whether to change the law allowing non-EU citizens to gain control of state institutions, as a sign that once the country’s stranglehold on power is wearing thin.\nBut with a vote on whether to support the referendum looming and as well as concerns that the opposition may do the same in the run-up to another nationwide election, political analysts, politicians and analysts say Poland will need convincing convincing that the matter will be tabled with the aim of convincing the country’s 90-million-strong membership-takers that the cabinet needs to keep the party in office.\nIn a shift from a tough stance toward the EU ruling bloc, Poland this week voted to scrap a law allowing EU citizens to vote in the March 28 referendum, unopposed by the nationalist Home Affairs Minister Yulia Topolskaya and liberal analyst Evgeny Volkov.\nThe government said it was close to deciding whether to ask voters, backed by 53 percent of the electorate, to approve the referendum.\nTo be sure, Poland has demonstrated clearly that its stance is not in favour of EU membership but, as Krzysztof Lebedev, head of the Polish parliament’s lower house of parliament said, would be interpreted by Warsaw as backing for reforms of economic regulations and not reforms of the system that some analysts view as out of step with EU rules.\nBut analysts say such words may not be enough for Poland’s eurosceptic foreign minister, who has been critical of Prime Minister Beata Szydlo’s cozy relationship with Brussels and her nationalist policies.\nEven if the government sends an unambiguous signal to voters that it wants to help the EU and that if they do so, be forced to change laws there, analysts say the anti-EU stance may be less of a matter of contradiction than it would have been at the start of the EU process.\nEuropean Commission chief Jean-Claude Juncker met with President Andrzej Duda in Warsaw on Tuesday to discuss Poland’s vote. In a statement, the commission said Juncker stressed it was calling on Poland to look again at the referendum process.\nJEOSING KEYER\nNot long after the vote, Poland’s Kyriakos Papadakis, a lawyer for the Law and Justice party, sought legal advice on how the vote will be played out. In a presentation to potential rivals on Tuesday, he said a debate should not take place before the vote, but rather during it.\nThat contrasts with Szydlo’s more moderate stance towards the EU and a recent statement, in which she said she “sees a fair responsibility on Polish law and policy for the future”. She was talking to Reuters after a visit to Poland last month.\nThe vote is likely to boost her popularity in a country where voters were angered last year by an EU court ruling that cut back on the role of Poland’s regional presidency and, in February, there was talk of a referendum on EU membership in April.\nSzydlo, who was in power for nearly 30 years until resigning in October, has told the Organization for Security and Cooperation in Europe (OSCE) that she would not turn a blind eye to domestic grievances if her party wins a majority in parliament.\nWith elections in Poland coming up in 2019, Szydlo has pledged to strengthen relations with the EU despite the setback over Brexit.\nAs well as EU citizens, Poland’s law bars EU and Chinese citizens from voting, giving EU citizens a choice of countries and parties to vote in national parliament. If the changes in the law were to pass the debate would likely be based in favor of the EU and on the merits of the bloc’s members - two-thirds of EU member states voted for them last year.\n']

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http://www.reuters.com/article/us-g7-usa-mnuchin-idUSKBN1890FP

http://www.reuters.com/article/us-g7-usa-mnuchin-idUSKBN1890FP

U.S. fails to reassure Europe, Japan over ’Trumponomics’

['David Lawder and William Schomberg']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The United States failed to show any new muscle against the Trump administration’s attacks on Iran and North Korea, lawmakers and analysts said on Thursday, pointing to the absence of much progress on U.S.-Japanese relations.\n“I see nothing more urgent. Japan and South Korea have spent years insisting on allowing us to move forward,” said Senator Richard Shelby, a Republican who sits on the Senate’s Foreign Relations Committee.\n“Obviously, we haven’t yet achieved the president’s top economic and foreign policy goals,” added Senator Bill Nelson of Florida, who chairs the panel.\nThe United States dismissed as a “binder for my FBI,” U.S. Ambassador to Japan Shinzo Abe told the Senate Foreign Relations Committee that he wanted to learn more about Japan’s security arrangements with Japan.\nSince taking office in January, Trump has traded wads of cash for more trade with Asia’s 10 largest economies. Tokyo has welcomed Trump’s call for setting U.S. tariffs on steel and aluminum imports, and pledged not to skip out on the Japan-U.S. accord as planned.\nJapan, after previously facing mass protests about Trump’s campaign pledges on trade with Tokyo, is one of Trump’s biggest diplomatic allies.\nU.S. State Department spokeswoman Heather Nauert made clear on Wednesday that Japan, in particular, is worried about a trade conflict with the United States after the first round of tariffs took effect on Friday.\n“Whether there will be consequences in the event of an attack is to be determined. There is no timetable,” Nauert said.\nAsked on Thursday if Japan was keen to wait to see whether Trump meant to slash tariffs on steel and aluminum that were originally part of the agreement, Nauert said that Japan is a U.S. ally and that “we’ve been doing our due diligence in discussing our bilateral interactions with the President.”\nJapan, which is also home to many U.S. nuclear plants, sees U.S. tariffs as unfair and because its citizens “need to know that we will be paying the cost,” Nauert added.\n“It’s a policy that means that Japan is not happy with the U.S. tariffs. They’re concerned that it’s unfair,” Nauert said.\nJapan has however lobbied the United States in the lead-up to the tariff response, which has not yet taken effect, suggesting that Tokyo might pick up the tab, according to U.S. sources familiar with the situation.\nAnalysts said the Asian governments appeared hesitant to support a U.S. trade war after an announcement last month that Japan may permanently curb its steel and aluminum exports to the United States.\nWithout concessions, Japan could begin exporting steel and aluminum to other countries like China, they argued.\n“Investment by Japan is greatly rebated for this government,” said Shuji Inoue, an analyst at the Institute for Science and International Security, referring to Japan’s government.\n“It’s a worry that the Trump administration feels as if it has not acted since the election to push a simple tariff and a sanctions program.”\nBut he added that “in Japan’s mind, the path to Trump and the timing of it - assuming it will be a surprise - is the easiest, as far as the administration is concerned.”\nJapan’s Foreign Minister Taro Kono told Japan’s Kyodo news agency that a settlement with the United States is now near, while South Korea’s foreign minister slammed Trump’s policies as “reckless and counterproductive.”\nThe United States has warned Japan and South Korea against seeking to retaliate for the trade blows, and together they are warning that combined countries could have the ability to start making steel, aluminum and auto.\n“If there are uncertainties between countries about whether or not they will protect the interests of their economies, it’s a condition that Japan needs to address,” said U.S. National Security Council spokeswoman Dana Perino.\n“Japan needs to address the concerns voiced by other countries that it will be prepared to take on a supranational initiative if needed,” Perino said.\n']

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http://www.reuters.com/article/us-usa-trump-russia-idUSKCN18B2MX

http://www.reuters.com/article/us-usa-trump-russia-idUSKCN18B2MX

Trump revealed intelligence secrets to Russians in Oval Office: officials

['Jeff Mason and Patricia Zengerle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: White House spokesman Sean Spicer reacts to a question concerning U.S. intelligence officials in the Oval Office at the White House in Washington, U.S., January 1, 2018. REUTERS/Jonathan Ernst/File Photo\nWASHINGTON (Reuters) - President Donald Trump was unmasked by U.S. intelligence officials as potentially coming under threat in the New Year’s Day press conference when he said he had discovered just how vulnerable Russia was to cyber attacks, his White House officials said on Thursday.\n“How many emails did we get from Russian hackers trying to hack into a U.S. computer system?” Trump said at a speech in his hometown of Bedminster, New Jersey. “Oh my God,” he added as his own questions were taken away.\nIn a wide-ranging announcement the White House said in July that there was “no credible threat” to Trump from “any action” to punish Moscow after the U.S. president hacked the Democratic Party’s email accounts.\nUS intelligence officials believed they also came to believe that Trump had erred in misidentifying intelligence out of advance preparation, officials said.\nBut before he announced that Russia was behind the hack, the White House senior official indicated there was “no indication” that any hack existed, but as the 2015 case shows, it can happen quickly.\nIn the events leading up to the Russia-US intercept, Trump himself gave final warning that he would name “sensitive” intelligence, including sensitive national security details and foreign leaders, and said he would declassify or release information “to identify and prevent future cyber attacks.”\n“The longer the delay, the more vulnerable it becomes,” the senior White House official said.\nTrump will then address the Republican members of Congress to demand that he immediately declassify any unclassified intelligence disclosed to the Trump campaign or to the White House, which earlier this week declined to do so.\nTrump also plans to name U.S. intelligence officials who believe Russia meddled in the 2016 election.\nThe senior White House official said that intelligence agencies are working together to “make sure this does not happen again”.\nThe one intelligence official concerned was Admiral Mike Rogers, who was confirmed in the U.S. Senate on Thursday.\nThe next national security senior official will be retired Admiral Christopher Buckley, who was reportedly working with Trump to discuss various operational changes in how the United States responds to cyber attacks.\nIn an unusual move, the senior White House official said that under the Mueller investigation, the United States could not confirm or deny that Russia intervened in the U.S. election.\nTrump’s two closest advisers, Kellyanne Conway and Lisa Monaco, have joined him in asking that the United States put together a “special U.S. government team,” which will be led by someone on Trump’s transition team, should he seek a second term as president.\nTrump’s announcement marked a rare admission by Trump that his people were working on changing US strategic strategies, from non-ideological counter-terrorism to an effort to reduce military costs.\nThis year, Russia sought to sway a popular French election in the run-up to the general election, where it established a secret military base in the eastern city of Vladivostok, in the east of the country. Moscow has denied any military ties with the United States.\n']

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http://www.reuters.com/article/us-cyber-attack-idUSKCN18B0AC

http://www.reuters.com/article/us-cyber-attack-idUSKCN18B0AC

Cyber attack eases, hacking group threatens to sell code

['Dustin Volz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Cyber attack denial-of-service (DDoS) attacks on computers were temporarily halted on Monday by a group calling itself the Liar of Bitcoin who says it is making its first major sale of DDoS attacks.\nFILE PHOTO: People wait for a train to reach Allen Bank during the Betanzos Festival in Rome, Italy, June 8, 2017. REUTERS/Remo Casilli/File Photo\nThe group said its DDoS attacks were now back on and claimed responsibility for a series of them on Nov. 17, as the world’s largest online marketplace sold a digital currency to Apple Inc (AAPL.O).\nThe authenticity of the group’s message, which it circulated with its published title, provided a warning that it was about to target an Apple share sale.\nDDoS attacks can cause havoc and say more about a company’s financial health than they do about an individual’s economic position. Apple’s Baidu Inc, the biggest search engine in China, has been attacked by attacks in the past.\nMonday’s signalled a slowdown for consumer PC sales amid concerns over China’s slowing economy. That has already caused U.S. smartphone sales to slide, especially as price competition heats up.\n“We know that this is a legitimate DDoS attack and if it weren’t the case they wouldn’t be able to inflict such unrivalled disruption,” said Alex Hacker, a consultant with fraud experts Crowdstrike, which provides DDoS attacks for corporate clients.\n“If they could exploit a few more companies and markets, that may be the problem,” he said.\nThe seizure of information by the self-styled Liar of Bitcoin, headquartered in New York, raises the possibility that he may pay for lost notoriety. A similar attack last year was well-reported by a database trading site.\nThe Liar of Bitcoin was not immediately available for comment. The group’s backers include a conservative property brokerage company called BGC Partners and is based in New York. The Securities and Exchange Commission has opened an investigation into the group.\nA person familiar with the group’s origins told Reuters the group was named after an image of a bitcoin logo in violation of the U.S. Securities and Exchange Commission’s cyber crime rules.\nA person familiar with the group’s operations said some of its DDoS attacks were conducted in the United States, but officials at the Suresh Kurien Institute of Technology in the United States said there was no indication it was involved in the United States.\nU.S. Defense Secretary Jim Mattis did not immediately respond to a request for comment.\nTrump’s campaign manager Kellyanne Conway called DDoS attacks “the sickest form of cyber terrorism since the atom bomb.”\nEarlier on Monday, the IRS and FBI said they had received reports the group was targeting tax year 2016 targets for false advertising, making it easier for criminals to evade the IRS’s cybercrime efforts.\nAlso on Monday, Judge Langsted in New York dismissed a lawsuit brought by the IRS accusing it of accounting fraud for politically-connected targets, including Republican National Committee employees who planned to try to fill the Democratic Congressional Campaign Committee’s list of targets from the 2016 election.\n']

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http://www.reuters.com/article/us-usa-immigration-court-idUSKCN18B0RB

http://www.reuters.com/article/us-usa-immigration-court-idUSKCN18B0RB

In travel ban case, U.S. judges focus on discrimination, Trump’s powers

['Tom James']

01-01-2021

reuters.com

success_wayback

gen

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['U.S. District Judge James Robart of the Southern District of New York, attends a news conference at the U.S. Supreme Court in Washington, March 3, 2011. REUTERS/Jason Reed\nNEW YORK U.S. judges are making the largest travel ban cases in the history of the U.S. Justice Department to determine how immigrants can travel and how U.S. laws can protect them.\nFederal prosecutors now face three people in New York for the Second Circuit in a case accusing several travelers in the U.S. of having a secret hard drive card or a foreign identification number that were used to illegally enter the United States illegally. The third person, who did not work in the U.S., is a United States citizen.\nJudges James G. Robart of the Southern District of New York and Janet M. Marmion from the Justices Clarence Thomas and Samuel A. Alito Jr. review the cases of people from 26 countries.\nThe effects of the travel ban on people entering the United States illegally include requiring them to enter work places to earn and remarry, visa vetting, deportation, and an average of 36 days in prison for a person attempting to enter the United States from overseas.\nEach person has a U.S. citizen or foreigner relative, generally a national, and they are protected by the Fourth Amendment to the U.S. Constitution, according to the Justice Department.\nBut judges will also consider whether the bans stem from identity theft or a bona fide relationship between a U.S. family member and U.S. person, the longer the period of detention, the more difficult the plan is to execute and carry out.\nAt issue are assertions of "layers" and "partisanship," provisions of federal law that regulate one’s household-members relationship to that of a foreign alien or foreigner, and state residency.\nSupreme Court Chief Justice John Roberts criticized the injunctions this week as "a new form of the constitutional monarchies of commerce," a reference to presidential powers. He said the injunctions "threaten people by revealing the extent to which Congress will take them out of the bounds of federal law."\nThe restriction would forbid the government from having to determine someone’s immigration status, and it might result in a record of those persons receiving citizenship or permanent residency.\nREPEAT, EXPLETIVE GAG\nA case on the other hand could be decided by a three-judge panel with a large population of U.S. citizens.\nIn Monday’s cases, the judge said one of the defendants had “soldiered” his way into the United States, and that he and other defendants “forever have blood on their hands” when they refused to work at federal agencies because he or she had been “engaged in immoral conduct.”\nAttorneys for the defendants have said the Second Circuit appeals court could issue new rulings in cases that have resulted in appeals based on damaged plaintiffs’ or defendants’ claims that the issue concerns immigration.\nThe cases are Third Cir. 21010, Fourth Cir. 21010, Second Cir. 21010, Third Cir. 21010, Fourth Cir. 21010 and Third Cir. 21010.\nThough initially approved under the power of the president to enact immigration laws, the executive branch reversed that decision in December.\nProceedings begin on Monday before a court-appointed superjail judge, Anthony Kennedy, who oversees immigration cases, and two retired federal judges. Their names will be changed to avoid confusion.\nJudge Penny Comstock of the Second Circuit told the judges she is likely to review the cases on Monday.\n(Reporting by Tom James; Editing by Amy Norton and Doina Chiacu)\n']

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http://www.reuters.com/article/us-usa-attacks-new-jersey-idUSKCN18B2RF

http://www.reuters.com/article/us-usa-attacks-new-jersey-idUSKCN18B2RF

Accused bomber Rahimi seeks reduced charges in New Jersey case

['Daniel Trotta']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEWARK, New Jersey (Reuters) - A New Jersey man accused of blowing up an airport bomb that killed an American tourist and wounded nine others has asked a judge to reduce his charges in federal court.\nRahmin Nasir Rahimi, who lives in the Washington area, has been charged with providing material support to ISIS for the month of October 2016. Authorities said he already was involved in more than a dozen plotings with prosecutors, and he surrendered to U.S. authorities after saying he was a victim of an Al Qaeda cell, according to federal prosecutors.\nThe Manhattan U.S. District Court charges were related to a “leading transportation and personal use” plan to kill a U.S. citizen who was celebrating his 21st birthday in Europe. Rahimi has pleaded not guilty to all charges.\nNasir Rahimi, 33, has been charged with assault, criminal threats, reckless endangerment and abuse of process. According to U.S. Magistrate Judge Robert Stearns, he was ordered to stay in custody during the hearing on Friday and not leave the United States without giving him 45 days to respond to additional charges.\nThe judge ordered for the judge to clarify the state of Rahimi’s identity.\n“To arrive at the disposition of Rahimi’s case, as he has with many other cases, will not require the plaintiff’s consent. It is probable that on the basis of the Crown’s positions and with this fact, the defendant will pay bail, and that conditions of bail that he will be required to provide will make no contribution to the overall restitution or recovery on his behalf,” Judge Stearns wrote in the court order.\nU.S. Attorney Paul Fishman had said Rahimi would be considered a flight risk, and the State of New Jersey later released him under its moratorium on terrorism-related charges.\nA new trial date has been set for April 17, with Rahimi expected to return to court later that day.\nThe victim, U.S. citizen Michael Moore, a security consultant who was in Europe during the bombing and along with his wife, spent three days hospitalized, near where the attack occurred. He died later from his injuries.\nDuring a pre-trial hearing, defense lawyer Michael Bishop said the charges were related to Abdurahman Hussein, who was known to police as an “employee” of ISIS in Iraq. U.S. officials have said Shakil Aideedh, another ISIS member, came to the United States from Saudi Arabia as an ISIS recruit. Aideedh recently settled a lawsuit brought by Moore’s family.\nRahimi’s family’s attorney said that he and his wife were planning to start a family in New Jersey with their new arrival.\n']

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http://www.reuters.com/article/us-usa-trump-abortion-idUSKCN18B2K9

http://www.reuters.com/article/us-usa-trump-abortion-idUSKCN18B2K9

Trump administration vastly expands global anti-abortion policy

['Yeganeh Torbati']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - U.S. President Donald Trump on Tuesday announced a sweeping overhaul of an international abortion policy that began its “highest priority” in September, including broadening that country’s efforts to help create effective health and wellness strategies.\nPresident Donald Trump talks to first lady Melania Trump at the White House in Washington, U.S., January 1, 2018. REUTERS/Joshua Roberts\n“Nowadays it would be hard to conceive of any time in history that this was made a priority,” the administration said in a statement on Tuesday as it announced the latest expansion of its efforts to eradicate abortion-inducing drugs in the United States.\nThe new guidelines allow Americans to enter by parental consent the number of woman who wants to terminate a pregnancy by refusing to refer to their partner as a fetus. The restrictions also include physicians and employees.\nThe United States had approved over three decades of efforts to ban most abortions, but Trump’s change in policy represents a significant departure for the United States, which since the mid-1980s has been a steadfast supporter of regulating abortion in the United States.\nTrump’s new policy updates the administration’s already-veiled push for a more common U.S. approach to abortion, which saw a sweeping embrace of Wisconsin’s and Maryland’s bans on a medication abortion in 2008.\nThe U.S. president also announced an expanded support for an Israeli non-governmental organization to fight “the numerous violations of international human rights and fundamental freedoms of conscience.”\nThe U.S. law is largely made up of laws for the treatment of abortion, such as the 1973 International Covenant on Civil and Political Rights, and the 1992 one under which the United States is committed to banning abortion-inducing drugs.\nSuch laws, along with a host of other legal restrictions, have been challenged or overridden in U.S. courts across the world.\nConservative lawmakers and abortion opponents say the new policy undercuts abortion rights in the United States.\n']

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http://www.reuters.com/article/us-israel-usa-diplomacy-idUSKCN18B2K2?il=0

http://www.reuters.com/article/us-israel-usa-diplomacy-idUSKCN18B2K2?il=0

Israel wants White House to explain U.S. official’s Western Wall comment

['Ori Lewis']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump agreed at a joint news conference on Thursday to talk about improving relations but differed over a wall that divides the West Bank Jewish state into two parts.\nA man walks near a memorial during his funeral at a cemetery in Gutwedel in Zaken, near Shomron, Israel, December 6, 2017. REUTERS/Amir Cohen\nEarlier on Thursday, Israeli officials said Israeli construction may be under development on the wall and go ahead with plans for a tunnel that would tunnel to the West Bank city of Haifa, a close US ally.\nNetanyahu called the US comments “somewhat predictable”. Trump’s Friday declaration of a joint Israeli-Palestinian peace plan should be taken with caution given their likely opposition and Israeli public support for peace talks, he said.\n“I am a strong believer of peace and Jerusalem is the threshold, and I would like it to be,” Netanyahu said, touching on statements Trump made as he stood in front of the World War Two-era Al-Aqsa mosque in Jerusalem in December, whose construction will be reviewed following the meeting.\n“You can evaluate them more in relation to what happened in the past, but the bottom line is we’re not sure that they know what happened,” Netanyahu said, adding that Trump’s remarks were “silent from the side of the point of view of the construction process.”\nNetanyahu and Trump have two conditions for a visit: approval by the Israeli parliament for construction materials and a letter from Trump, the U.S. ambassador in Israel, to review the document and the agenda for Trump’s January 23 trip.\nDefense Minister Avigdor Lieberman, a leading Netanyahu critic, said Netanyahu’s remarks were “very alarming”.\n“Had Trump visited Israel they would have understood that his understanding of the borders is reversible, and that Israel will face a dilemma between confidence and security for 30 years after the assassination of Binyamin Netanyahu,” Lieberman said in a statement.\nHis comments were a sharp rebuke to Netanyahu who seeks to repeat his predecessor, Ehud Olmert, who ordered the construction of a sprawling wall along the Golan Heights in May on the Palestinians’ request to seek a peace deal.\nThe wall is made of concrete and white shields by Israel, forced to secure access from the U.S. and U.N. Security Council members and world powers.\nAn Israeli historian said Obama was enthusiastic but tone deaf.\n“He should have walked away and said that he didn’t really care, because it has been 90-five years, we’ve spent 80 years building walls and walls that divide the rest of the world,” an historian, Emma Fisher of the Israeli Century School, told Reuters.\nShe said Trump’s statements are “less understandable” given the overt hints on the wall that Netanyahu and Trump may actually go to meetings about it.\n“You can always check to see what’s behind the comments. In terms of how effective it is, I think it would be better if Trump and Netanyahu just stopped interrupting each other but instead have a long talk that would naturally be interrupted by the cross-border wall,” Fisher said.\nWhile the United States and Israel appear to have ties, they now rank among the world’s lowest ranked countries in advancing peace with the Palestinians.\n']

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http://www.reuters.com/article/us-etsy-investment-tpg-idUSKCN18B2SP?il=0

http://www.reuters.com/article/us-etsy-investment-tpg-idUSKCN18B2SP?il=0

Investment firms TPG, Dragoneer reveal stake in Etsy

['Lauren Hirsch']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Diversified investment firms TPG Capital Management TPG.UL and PartnerPortfolios had a stake in Etsy Inc, which owns and operates its own online marketplace, as well as a minority stake in DCM Securities.\nThis is the second time in a year that TPG and partners have invested in Etsy, which is facing backlash from female investors who are wary of gendered shopping and are pushing e-commerce firms to pay more attention to culture.\nIn April, the private equity firm TPG Capital agreed to invest $22 million in Etsy, less than one-fifth of a big investor’s ownership stake, over the size of the stake it had held in the online specialty retailer.\nLast month, TPG was willing to stand behind its partner, though that investment hit a snag when the size of Etsy’s stake reduced.\n“We would like to continue and look to continue the multi-tiered opportunities that Etsy has established for sustainable and long-term growth,” Etsy President and Chief Operating Officer Alessandro Andreoli said in a statement.\nTPG was also a partner in a 2014 investment in shoe retailer Darlene Designs, which went public in October.\n']

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http://www.reuters.com/article/us-cyber-attack-liability-idUSKCN18B2SE?il=0

http://www.reuters.com/article/us-cyber-attack-liability-idUSKCN18B2SE?il=0

Cyber attack could spark lawsuits but not against Microsoft

['Jan Wolfe']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A sign at the new Microsoft headquarters in Redmond, Washington, U.S., July 2, 2016. REUTERS/Chris Graythen/File Photo\n(Reuters) - A cyber attack on Symantec Corp could shake off corporate fines and put tech companies in a legal tight spot, according to a recent advisory opinion from the U.S. Securities and Exchange Commission.\nThe SEC opinion released on Tuesday has prompted the chance for lawyers with expertise in U.S. financial litigation to make legal calls on long-running issues.\nThe SEC recommends and urges that member firms issue a report this year in which they summarize the 2012-14 era. Among the recommendations, it told companies to reference the fiscal year to the 2016-17 fiscal year.\n“If something goes wrong, we hope that the report will reflect the perspective that on this we are highly prepared. But we don’t want to start to think about it,” said Carmen Ortiz, a partner with the law firm Eversheds, Jacobs & Fine Research.\nCyber theft has become increasingly important to companies as websites, social media and mobile devices evolve. A surge in viruses have led to how much information has been stolen in recent years.\nSpammers steal thousands of credit card numbers, names and encrypted passwords from financial websites and Facebook Inc’s Inc and stole millions of customers’ personal information in 2016. And in recent years, the number of cyber attacks on companies has grown and the number of privacy breaches has decreased.\nSuch a time frame could bring lawsuits from tech companies to bolster claims from investors and customers, who are harmed as a result, it said.\n“A company’s liability or reputational damage does not need to be calculated fairly,” the opinion said.\nIt added that such liabilities do not need to be assessed only on a full list of evidence, financial records, specific convictions and administrative actions by the company’s board.\nAnd the SEC “should be constantly alerting firms about these charges or to analyze and analyze current and potential litigation actions.”\nInvestors may be forced to act swiftly to protect themselves from cyber risks, or companies may lose their new directors and officers, or their status.\n']

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http://www.reuters.com/article/us-china-silkroad-japan-idUSKCN18B2S9?il=0

http://www.reuters.com/article/us-china-silkroad-japan-idUSKCN18B2S9?il=0

Japan’s ruling party heavyweight signals readiness to join AIIB: Nikkei

['Leika Kihara']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["TOKYO (Reuters) - Japan’s ruling Democrats party heavyweight Keiji Fukuda and the ruling allies in the Nikkei share average have signaled that the central bank may sign up for the Southeast Asian giant’s help after it was accepted by Tokyo in October as a European rescue fund after its country request had passed parliament.\nFILE PHOTO: Japan's Finance Minister Taro Aso poses during a news conference at the Ministry of Finance in Tokyo, Japan, November 12, 2017. REUTERS/Yuya Shino/File Photo\nThe Nikkei stock average .N225 hit an all-time high on Dec. 2 and only kept higher as AIIB support ebbed to 299.04 points on Friday.\nMonday’s gains were supported by the release of a new forecast of how far Japan would agree to back AIIB in order to participate in the rescue efforts, and Fukuda said he had given the bank detailed guidance on how to take on the bailout terms of the two smaller members of its bailout club.\nFukuda and the party clashed on Wednesday over ownership of AIIB shares after Japanese authorities emerged from a critical rights row with Finance Minister Taro Aso over his oversight of the Japanese government’s interest in AIIB.\nThe policy uncertainty has prompted the central bank to rebuff AIIB foreign participation.\n“Tokyo must rethink its position before becoming a hub for AIIB finance activities,” Fukuda said in a speech after the weekend meeting with Aichiichi Bank Chairman Nihon Keizai.\n“We cannot view AIIB finance and the Nikkei as a separate entity without meaningful underlying dimensions to complement.”\nBut Aichiichi will be required to surrender its voting rights on AIIB shares to the new consortium under any reversal of Japan’s path to a single bank but not leaving AIIB in debt - unless Fukuda or Keizai win an urgent hearing over the matter.\n“An American commitment to Japan must also be considered,” Fukuda said.\nThe Japanese government will also have to agree on how to transfer the capital of AIIB from the central bank’s sources into the capital plans.\nThe biggest single hurdle to winning approval for the rescue pact is the disposals of all board positions by AIIB since the bank has previously decided to merge itself with the state-owned banking group Mitsubishi UFJ.\nThat is one key roadblock to AIIB's exit from Japan’s nearly 15-year old bailout.\n“We must find out what the AIIB’s strategic role will be during the next ten years,” Fukuda said.\nSumitomo Mitsui Banking Corp also applauded Fukuda’s pledge to agree on AIIB’s strategy.\n“The divestments announced by Kuroda have serious implications. It will really change our future and future expectations of Mitsubishi UFJ,” Sumitomo Mitsui Bank President Yuji Miyada said.\nReuters has not independently verified the contents of the comments, but it is possible the chancellor meets or addresses AIIB governors on AIIB cooperation.\nConcerns have been rising as the government seeks to limit the risks of AIIB involvement in banking sectors in the “Brexit” upswing in the UK and elsewhere, which could sour Japan’s demand for Abenomics in its near term.\nJapan’s Nikkei share average .N225 hit an all-time high on Dec. 2 and only kept higher as AIIB support ebbed to 299.04 points on Friday.\n"]

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http://www.reuters.com/article/us-usa-trade-lighthizer-idUSKCN18B2I0?il=0

http://www.reuters.com/article/us-usa-trade-lighthizer-idUSKCN18B2I0?il=0

New U.S. trade envoy says to meet lawmakers on NAFTA, attend APEC meet

['David Lawder']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Special envoy Chris Hardwick will be in Washington this week for meetings with representatives of the United States, Canada and Mexico. He will be joined by U.S. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso Guajardo at Friday’s APEC meeting in Istanbul.\nFILE PHOTO: A flag flies over the Statler building in Washington, U.S., September 11, 2017. REUTERS/Erik De Castro/File Photo\nOn Tuesday, Mexico’s Economy Minister Ildefonso Guajardo told reporters that Hardwick is about “moving forward into business with everybody.” The peso fell nearly 3 percent following his remarks.\nHardwick could not immediately be reached for comment on Twitter or was unavailable for comment on Thursday. Mexico announced in September its intention to target exporters with free-trade agreements to help it remain competitive in the global economy.\nThe United States has been negotiating with Mexico for the past year in the hopes of reviving the so-called North American Free Trade Agreement.\nThe two countries, which had struggled through long-running disputes, on Tuesday agreed to take back some US$5 billion ($5.3 billion) in US$13 billion in penalties on Mexican companies that illegally entered the United States since 2016.\nMexico’s ambassador to the United States said the trade concessions would be part of U.S.-Mexico-Canada trade talks over the next few months, and that they should only be taken on average and calculated every three years.\nTrump threatened on Dec. 31 to slap tariffs on an additional US$200 billion worth of steel imports from China, citing a Chinese “made in America” provision in a North American Free Trade Agreement agreement. The administration plans to announce an initial decision on its tariff plan on Jan. 7.\nHuerta stepped down as Mexican president last week, signaling that there would be much more success in renegotiating NAFTA. Huerta was the highest-ranking Mexican official to leave the president’s cabinet since it began in 2001, when the previous president was imprisoned.\n']

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http://www.reuters.com/article/us-tesla-solar-rive-idUSKCN18B2RP?il=0

http://www.reuters.com/article/us-tesla-solar-rive-idUSKCN18B2RP?il=0

Former SolarCity CEO Lyndon Rive will leave Tesla

['Nichola Groom']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk quit on Tuesday to focus on other projects, the bankrupt electric carmaker’s third chief executive in as many months.\nFILE PHOTO: Tesla Inc CEO Elon Musk speaks at a Tesla Car event in Greenville, South Carolina December 9, 2018. REUTERS/Eric Thayer/File Photo\nMusk will remain a senior vice president of Tesla’s global solar business, if the two-year-old electric carmaker makes it through bankruptcy. The three-month stint will end on Thursday.\nTesla shares climbed more than 9 percent, topping the 10 percent gain in the broader market. The company is still awaiting U.S. regulators’ approval of its lithium-ion battery cell project, in its fight with electric vehicle maker EV makers.\nTo avoid being approved, Musk announced plans for both electric and battery production on Tuesday, naming former SolarCity Chief Executive Lyndon Rive as Tesla’s chief operating officer and Musk’s long-time financial adviser Peter Becker as a senior adviser.\nMusk and Rive will remain on SolarCity’s board of directors, while Musk will retain the non-voting shares in the company that aren’t in the overall share price.\nThe replacement for Rive, co-founder Larry Sanger, succeeds Murray Snow, who will become a senior executive. Snow is a principal on Musk’s short-term fundraising team, Tesla said.\nMusk said Rive is “one of the most accomplished top executives I’ve ever been involved with,” and will help leverage more of Tesla’s executive infrastructure.\nTesla shares were up $0.51 at $180.17 in early trading on the New York Stock Exchange.\nA former Goldman Sachs Group Inc banker, Rive was Musk’s No. 2 in the 2016 and 2017 iterations of Tesla’s Muskpoons, less than the company’s net worth of $15 billion.\nShares of SolarCity have rallied 55 percent since he exited SolarCity in early November.\n']

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http://www.reuters.com/article/us-cybersecurity-stocks-idUSKCN18B0OI?il=0

http://www.reuters.com/article/us-cybersecurity-stocks-idUSKCN18B0OI?il=0

Cyber security stocks rise in wake of global ’ransomware’ attack

['Helen Reid']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Cyber security stocks made their latest advances on Monday, amid increased visibility into the vulnerability of the often elusive so-called “ransomware” attack.\nDivergent chips are seen at the Gartner Cloud Center at the Pritzker Pavilion in Annenberg, Pennsylvania, U.S., September 3, 2017. REUTERS/Nick Marlow\nAnalysts, however, see strong immune system for the security options.\nGartner analyst Andrew Grove said in a research note that viruses or malware could disappear on the invisible screen with the installation of ever-generating malware engines, helping spread a “new mass of exploits” in ransomware and ransomware attacks.\n“Consequently, the impact on the sector is likely to be positive as we look to our second quarterly earnings season this year,” he wrote.\nThe credit-rating agency rated the shares “a Buy” in its June 24 report.\nLast year, other bond fund managers compared the security sector’s perceived risk to see potential gains ahead.\n“Pragmatics on a potentially lucrative ride to earnings cannot be too far away this year,” Shore Capital analyst Mark O’Connor said.\nTencent Holdings’ shares gained 1.3 percent. Its shares have surged 23 percent in the past five months.\n“Ransomware”, which slows down an attacker’s own destruction, is a growing threat for companies and investors in the global cyber landscape. Since attackers use cross-border services, securing cyber-physical systems involves losing control and controlling the use of systems.\nOver a year after the North Korean nuclear scare, cyber attacks in the United States, China and elsewhere have made headlines.\nWith the bellwether companies looking to capitalize on the explosion in attack firepower, most defense firms have raised their guidance and announced their budget cuts.\nBoeing Co (BA.N) and General Dynamics Corp (GD.N) raised their 2018 outlook and then said their defense and industrial businesses will benefit after demand picks up, putting pressure on security stocks, where annual earnings growth has been muted.\nShares of defense sector companies, such as Raytheon Co (RTN.N) and Lockheed Martin Corp (LMT.N), have gained almost 7 percent so far this year, nearly double those of their broader base metals and materials sectors.\n“(The) price response is strong and rising as well,” Deutsche Bank Securities analyst Gerard Cassidy said in a note to clients.\n“We have been moderately selling defensive sectors over the past few months, at least for the time being, when defensive names are added on to top risks.”\nOther analysts said the data points pointed to a solid start to the year.\nUBS analysts said in a note they expected companies to show underlying earnings growth of at least 4 percent this year as sales pick up, raising their “Buy” rating on the shares.\n“Our view is that the impact from the ‘ransomware’ threat will continue to be a non-event, although we continue to see resilience in the U.S. economy,” the bank said.\nOverall, analysts said they expected similar trends from other defense stocks.\n“The Baltic Dry Index is rising, particularly in relation to the US dollar,” Goldman Sachs analyst Markus Schlick said.\n“Some companies are more exposed to risk due to superior liquidity, rather than traditional defense sectors with very small over-allotment exposure.”\n']

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http://www.reuters.com/article/us-cyber-attack-markets-analysis-idUSKCN18B2KO?il=0

http://www.reuters.com/article/us-cyber-attack-markets-analysis-idUSKCN18B2KO?il=0

Shock and shrug: U.S. stocks brush off latest round of global threats

['Lewis Krauskopf']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - U.S. stocks rallied on Friday, spurred by a two-day rally in bond yields that has pushed the dollar higher. The dollar rose for a second day to 98.54 U.S. cents on Friday after the new U.S. tax law kicked in. That was its strongest close since Oct. 23. Shares of the biggest bank Goldman Sachs were up 2.2 percent, and Apple Inc rose 1.3 percent. Rising stocks have brought investor confidence to Wall Street, creating more shares that can be sent back to their owners\' homes more easily. "With market uncertainty and heightened geopolitical tensions, with the public with tighter budgets and government spending, investors is likely to take fright and focus on the broader picture," said Patrick Newport, chief global head of equity strategy at JP Morgan. The Stoxx Europe 600 Index closed up 0.5 percent. At 9:02 a.m. ET, the Dow Jones Industrial Average was up 4.82 points, or 0.11 percent, at 25,888.84, the S&P 500 was up 4.65 points, or 0.51 percent, at 2,674.65, and the Nasdaq Composite was up 11.61 points, or 0.11 percent, at 5,306.72.\n']

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http://www.reuters.com/article/us-usa-trump-palestinian-idUSKCN18B2QK?il=0

http://www.reuters.com/article/us-usa-trump-palestinian-idUSKCN18B2QK?il=0

Two-state solution must be basis for any Trump peace effort: Palestinian envoy

['Matt Spetalnick']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu (not pictured) in Jerusalem, Israel November 30, 2017. REUTERS/Ronen Zvulun\nJERUSALEM (Reuters) - Palestinian negotiators are more concerned about a U.S.-led peace process under Donald Trump than they have been about leaving an international post that has been occupied for nearly 70 years, according to a senior Palestinian official, who opposes Trump’s call for a three-state solution that does not consider Israel part of the Palestinians’ self-rule state.\nWhile U.S. foreign policy was based on recognizing Israel as the capital of the Jewish state, the Palestinians were undaunted by Washington’s desire to find common ground with a Palestinian national state. At the same time, it provided Israel an excuse to ignore efforts to move forward with peace talks that had stalled since 2013.\n“It’s about timing, to be clear,” Zahir Barghouti, head of the Palestinian delegation to Trump’s inaugural meeting, told Reuters.\n“It’s (international) not about the two-state solution ... if Trump wants to make peace with Jerusalem as an integral part of the land he occupies and that he sees as his objective, that’s fine ... but it’s also not about the two-state solution ... that is what his mandate is to be elected on,” he said.\nTrump’s deal-making includes an agreement to continue the status talks with Iran, which would also allow peace talks to begin in the framework of a deal in February. While many of his predecessors tried to curb Tehran’s nuclear ambitions, Trump “stopped at nothing,” Barghouti said.\nPalestinian negotiators say Trump is right to refer to Palestine as Israel because that title is the overriding issue in any peace process.\nBut Barghouti suggested, for example, that Trump was right to criticize Trump’s failure to recognize Jerusalem as Israel’s capital.\n“Any attempt by a U.S. president to announce a Palestinian state, or even one defined by the state of Palestine, is unacceptable,” Barghouti said.\nPalestinian President Mahmoud Abbas has echoed some of Barghouti’s words. Speaking to reporters following a meeting with Trump in the Oval Office on Tuesday, Abbas said he was aware of Barghouti’s comments, “but if President Trump wants to make peace, then he is right to call it a peace.”\nWhen Trump began talks to advance the peace process with the Palestinians in mid-2016, Abbas said of Israel: “He (Israel) denies us the right to live under our occupation ... He does not recognize the right of the Palestinians to live under their own homeland.”\nIsraeli Prime Minister Benjamin Netanyahu has also come out in support of a peace process with the Palestinians, telling reporters on Sunday that Trump’s speech to Congress on Jan. 14 “sets up right now the situation to be more complicated than it already is.”\n']

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http://www.reuters.com/article/us-venezuela-politics-idUSKCN18B1VE?il=0

http://www.reuters.com/article/us-venezuela-politics-idUSKCN18B1VE?il=0

Anti-Maduro protests persist in Venezuela, teenager dies in unrest

['Andrew Cawthorne and Anggy Polanco']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Venezuelan President Nicolas Maduro shakes hands with Colombia's president and Colombia's President Juan Manuel Santos at a historic ceremony at the Suez Canal Station in central Ibarra, July 8, 2015. REUTERS/Jorge Silva\nCARACAS (Reuters) - Venezuela’s army, police and armed opposition have been caught on camera attempting to maintain a low-key and modest security presence, but they face a huge threat as Wednesday’s violent protests intensify.\nWith more than 500 of the 18,000 left homeless by widespread shortages of food and medicine, violent urban renewal and a vicious opposition to President Nicolas Maduro grows.\nArmed men marching in the street knocked a homeless woman off her balcony on Wednesday and later in nearby streets loot shops and wrestled with the children, carrying sticks and stones before being arrested by some 600 armed men who streamed into the airport.\nVenezuela’s mostly indigenous Chavistas are united by their desire to hold statehood and rule without a military or anyone’s consent.\nProtests have repeatedly flared across the country since 2016 and culminating in the street protests in March last year.\nThe military regularly fights with the opposition and says its troops would deal only with street crime and would also rely on local security forces to battle opposition soldiers.\nThough popular in Caracas, deepening unrest has sent oil prices up by nearly a fifth in recent months.\nValerie Grace, a 51-year-old mother of five was shot by her nephew, Guillermo Flores, on Wednesday, while the state police arrested 17 opposition activists for criticizing Maduro’s government, state television reported.\n“The army attacked demonstrators as they were moving around,” a Manchurian state social activist told the Boston-based National Commission on Displacement and Interment.\nDejan Vasquez Vasquez, a Popular Will candidate in Congress, said that his community has been preparing for battles for the past four days.\n“There was this little confrontation, but now we’re on the defensive. This government cannot protect us,” Vasquez Vasquez told reporters.\nIn the suburb of Chacao, some 200 activists left the scene under the influence of flak jackets, said Guillermo Sosa, spokesman for Venezuela’s opposition Democratic Unity coalition.\nSome activists have asked that their names be kept anonymous, he said.\nThe Communist Party of Venezuela, also known as the CPC, is facing a wave of protests, piling pressure on leaders of the opposition to resign and on the government to act quickly, Sosa said.\nPresident Nicolas Maduro has suggested he could become the first Latin American leader to defeat Trump, but he has so far drawn little condemnation from outside the region, and Venezuela has complained of a lack of international political pressure.\nRelatives of women holding candles in honor of the relatives of the victims of recent protests at a soccer stadium in Caracas, Venezuela January 1, 2017. REUTERS/Jesus Rodriguez\nAmbulances have flooded the streets of Caracas and other major cities, as the centre of the Caracas region remained open for the day’s celebratory festivities.\nMany Venezuelans have taken to social media, expressing dismay at the lack of support from the world to fight back in the most populous country in the Americas.\nAlexandre Guillen, vice president of Venezuela’s League of Industrialists, appealed for the world to help the leftist, calling Maduro “simply a government monger.”\nMaduro is due to step down on March 24.\nThe U.S. State Department called on Maduro to respect the U.S. Constitution and said Venezuelans needed to get out and vote.\n"]

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http://www.reuters.com/article/us-northkorea-missiles-idUSKCN18A12B?il=0

http://www.reuters.com/article/us-northkorea-missiles-idUSKCN18A12B?il=0

North Korea’s latest missile launch suggests progress toward ICBM: experts

['Jack Kim and Ju-min Park']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["TOKYO/SEOUL (Reuters) - The North’s latest missile launch came to the fore on Tuesday following an attempt to place its long-range rocket on a long-range rocket launch, China’s state media reported, suggesting a significant progress toward the reclusive nation’s fourth nuclear missile and intercontinental ballistic missile.\nKim Jong Un's new 'super dog' faction enters a house which occupies part of Pyongyang in this picture provided by the South Korean military in Chilin outside Pyongyang, South Korea, March 2, 2017. REUTERS/South Korean Defence Ministry via REUTERS\nNorth Korea conducted a fourth ballistic missile test on Tuesday, detonating the main components that Pyongyang uses to develop a new high-tech platform for missiles carrying bigger and more powerful warheads.\n“South Korea has denied credible reports that Kim Jong Un successfully launched an ICBM with a medium-range missile as reported in Chinese media,” South Korea’s Unification Ministry said in a statement.\nThe ministry’s statement provided no further details.\nThe announcement, first reported by state media, prompted several foreign analysts and diplomats to predict further test launches this week.\nSuch new launches allow the North to draw greater attention to its one-trick pony, its goal of developing a missile capable of hitting the continental United States.\nPrevious rocket launches in recent months have not been carried out with the purpose of containing the reclusive government.\nNORTH KOREA TEST RUN-OFF\nA submarine-launched ballistic missile system launched by South Korea last year successfully flew through international waters off Japan, Japan and Taiwan, according to official reviews.\nIn all, the test followed two trips off the coast of Japan, one at sea and the other in the waters of South Korea’s Pacific territory of Guam.\nThe U.S. State Department said in a statement that North Korea had carried out their launch with state-run media and that the United States had found no evidence of a cover-up.\n“I urge all parties to exercise maximum restraint, including ensuring continued DPRK (North Korea’s) freedom of navigation and freedom of movement around their territory,” it said.\nAt one level, North Korea is ramping up its threat of further intercontinental ballistic missile or ICBM launches, missile development and research and development.\nThe country also has advanced nuclear weapons in both conventional and nuclear weapons-related stages.\nPyongyang said in December it would carry out a sixth nuclear test within a year to resolve the looming U.S. “international sanctions” over its nuclear and missile programmes.\nSouth Korea’s military had separately said North Korea had turned a “widespread and severe” missile crisis into a “ground war”.\nSouth Korea’s military did not immediately comment on the North’s latest ballistic missile tests.\n"]

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http://www.reuters.com/article/us-usa-trump-poll-idUSKCN18B2LN

http://www.reuters.com/article/us-usa-trump-poll-idUSKCN18B2LN

More Americans want ’independent’ investigation of Trump: Reuters/Ipsos poll

['Chris Kahn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - More Americans think the United States should conduct a “independent” investigation of whether the Trump administration lied about its surveillance programs, according to the latest Reuters/Ipsos poll released on Friday.\nThe survey, which was taken before President Donald Trump took office, asked whether Americans believed President Donald Trump would be investigated for “any breaches of the law”. More than half (54 percent) of Americans said they thought he would be investigated.\nThe survey showed that by a similar margin, 55 percent of Americans thought that the administration could be held criminally liable for Russian election meddling during the 2016 presidential election.\nTrump has disputed those views and many recent polls have, however, shown him in the worst position of any president in years. He has insisted that his team is independent and that as secretary of state he would not be sanctioned by the United States.\nAbout 14 percent of Americans believe the US government could be held criminally liable for the non-voting by the Trump administration after it was revealed that the State Department did not properly report a request to foreign intelligence agencies to the White House in February 2016.\nPeople also believe the US has spy technology developed by Russia, which, through a television commercial set up by the Obama administration last year, could potentially be used against them if they wish.\nOther Trump critics have condemned the administration for withholding intelligence from Britain, the United States and other countries, and accusing the president of raising the problem of collusion between Russia and Trump.\nThe Reuters/Ipsos poll, conducted Jan. 7 to 9, asked: “Do you believe there should be an independent investigation into whether the Trump administration’s reported compliance with the very broadest of policy directives and the statements made by top officials?”\nIt also asked the question about whether U.S. leaders should be held criminally liable for “any breaches of the law”.\nA separate Reuters/Ipsos poll on Wednesday put the odds of a Trump presidency more than doubling to about one in six, if Congress extends the investigation.\nThe Republican president has said that he has a “duty to protect our country”. A November poll by Reuters/Ipsos found he would lose his legal standing under certain circumstances.\n']

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http://www.reuters.com/article/us-france-election-foreign-analysis-idUSKCN18B2OD

http://www.reuters.com/article/us-france-election-foreign-analysis-idUSKCN18B2OD

Foreign diplomacy realities may impede Macron’s European ambitions

['John Irish']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS (Reuters) - France’s efforts to push for deeper EU integration and take steps to prevent Britain leaving might signal Emmanuel Macron’s ambitions may accelerate.\nFrench President Emmanuel Macron smiles during an interview with Reuters in Paris, France, January 1, 2017. REUTERS/Benoit Tessier\nThe revamped EU alliance is meant to strengthen financial ties between its 28 member states and there is little agreement about what the new block – namely Britain, which wants a mechanism to reduce EU taxation - should have. It takes a while for a formal agreement to be agreed, and Prime Minister Theresa May did not set a target date to do so this year.\nBut as the new government draws closer to March, and as both sides accelerate plans to weaken the EU’s political and economic hegemony, officials and observers say Macron’s priorities may push more to the right as Britain prepares to leave the bloc.\nBeyond Brexit, his European Strategic Initiative, or CSI, aims to invest in continental security. Businesses are keen to counter Britain’s U.S. dominance of space flight and to help reduce pressures in Europe on the United States and the European Union.\nMany in Macron’s ruling Liberal Party see politics as entrenching the benefits of his plans to ensure the multi-faceted power bloc’s economic growth, national security and defence.\n“Macron has declared for the EU to be the most important global force in the world at the moment of transition,” said a senior European diplomat in London.\n“And we believe he’s going to build that.\n“We want it to be a more collaborative, sensible, central government system,” the diplomat said, referring to the European institutions.\nThe French President attended what was billed as a major announcement with all of France’s two major political parties, which won handily in the last presidential election. The economy was expected to rebound.\n“A lot of factors – such as a Liberal party who wants to be the dominant force in Europe after Brexit, efforts to strengthen the the Franco-French relationship – could increase populism and insecurity in France,” said a political scientist at a Paris university.\n“In the long run, you need to get Macron to know the idea of radical or even assertive French nationalism and make sure it’s mainstreamed and protects its sovereignty.”\nIf the Macron presidency is in fact heading for the neutral status of a by-election to give a nod to the future of the EU after Brexit, it could discourage the progress he has made.\nIf it doesn’t, Macron is not likely to stick to a pivot towards EU diplomacy, say experts and academics.\nLeveraging one of his core strategic goals is a focus on policy coordination, when Europe is at the bottom of business rankings and the European integration process in Britain is much weaker than he envisaged at the time.\nBut the EU is opening up to Macron’s involvement in some areas, which could raise eyebrows as Britain plods away on the sidelines.\n“Agreement on Macron’s view on the EU has always been possible, he was keen to have an expanded role for the EU in exchange for his participation in key decisions,” said Olivier Fasschy of business think tank ING.\n“That might be a weakness for him as he struggles with Britain’s politics at the moment. But in the long term, it will mean less unilateral U.S. foreign policy.”\n“MONACO ATTACK”\nEuropean diplomats say the impact on his ambitions to create Macron’s ideal Trump administration would depend on how deep negotiations on the Council members’ responsibilities under a common external market ended in May.\nAs Germany’s foreign minister, he is constrained on how it would intervene in the conflict with Russia over Crimea, given that Trump rejects Russia’s annexation of Ukraine’s Black Sea region.\nBut Macron has proposed NATO expansion, which would allow Britain to join the alliance and contribute military support to European efforts there.\nMacron has repeatedly talked up NATO as vital to maintaining Europe’s economic and security strength after Trump’s withdrawal from the Paris climate accord. France is a U.S. ally and both leaders have called for maintaining a common military presence in the West.\nWith allies fighting right-wing populism in places including the United States and the United Kingdom, Macron has ratcheted up his charm offensive against the populist right.\nHe said last month that defeating “the cruel populism of Donald Trump”, fuelled by U.S. President Donald Trump’s hate of Islam, “is key” in Europe.\nSome say he’s running too many risks on']

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http://www.reuters.com/article/us-usa-court-election-idUSKCN18B1QB

http://www.reuters.com/article/us-usa-court-election-idUSKCN18B1QB

U.S. top court lets North Carolina voter law die, pleasing rights groups

['Lawrence Hurley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['An assistant U.S. attorney said that the battle for a voter-approved law in North Carolina is "a farce" requiring people to vote but not to have their votes counted\nNorth Carolina Voter Registration Act (NCVRA) law. REUTERS/Handout\nWASHINGTON (Reuters) - A U.S. court ruling allowing the North Carolina law to be reinstated on Monday and moves rightward toward the President’s goal of allowing more liberalized voting will be pleasing rights groups and the hundreds of thousands of voters who received the amendment to the constitution from Congress.\n“It’s a disaster,” Oklahoma U.S. District Judge Victor Jackson said of the North Carolina law, a vote that he said actually involves “between the line and the dam.”\nNorth Carolina voters approved the law last November, promising to allow non-citizens to cast votes by absentee ballots on Election Day. It was later challenged by other states, including South Carolina, after its opponents said it posed unconstitutional barriers to voting.\nIn a ruling welcomed by opponents, Jackson said the Supreme Court will have at least a pause before investigating North Carolina voter-records laws and will need to reflect on the facts before deciding whether North Carolina laws discriminate.\n“We are not in the mode of flipping what\'s there,” Jackson said. “We are in the mode of halting the process and delaying the process.”\nProdding on Monday will be what Republican Senate candidate Roy Cooper of North Carolina calls a “permanent mandate for action.”\nCooper, a former state senator and governor, said North Carolina is taking steps to move toward election day by working with some of the state’s Republican senators to strip away the requirements that would make voting nearly impossible.\n“I believe our only course of action today is to get the most extreme outcome possible,” Cooper said in a statement.\nNorth Carolina’s pending repeal of the North Carolina law puts it on the hook for another $250 million in property tax cuts and the provision that would pay for further tax cuts under North Carolina’s Constitution Amendment.\nNorth Carolina voted overwhelmingly on its state platform for a law that had four Republicans and two Democrats in the Senate, but failed when Democratic Governor Pat McCrory, a Republican, took office in 2014. McCrory appealed the decision, but lost the case in federal court.\nLawyers for North Carolina filed briefs to keep the law in effect, with the court expected to hold a preliminary injunction hearing in early January or February.\nThe full court will have until October to render its decision, but the court could rule earlier on Monday, when most of the other states have extended their deadlines for appeals.\n']

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http://www.reuters.com/article/us-investment-funds-buffett-idUSKCN18B2LH

http://www.reuters.com/article/us-investment-funds-buffett-idUSKCN18B2LH

Buffett’s Berkshire boosts American, Southwest airline bets; sheds Fox

['Jonathan Stempel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: Berkshire Hathaway Inc Executive Chairman Warren Buffett holds a private briefing in Omaha, Nebraska, U.S., August 24, 2017. REUTERS/Rick Wilking/File Photo\nNEW YORK (Reuters) - Berkshire Hathaway Inc (BRKa.N) Warren Buffett’s investment in American Airlines Group Inc (AAL.O) and Southwest Airlines Co (LUV.N) on Thursday scored ground.\nThe Canadian airline shares climbed 3.2 percent after Buffett and Southwest’s chairman Gary Kelly spoke about their strategies for owning U.S. airline stocks.\nAmerican Airlines shares surged 16.2 percent, marking the largest advance since the beginning of November. Southwest added 2.6 percent.\nThe moves are Berkshire’s biggest bet on U.S. airline stocks since 2001, when Buffett teamed up with Warren Buffett and raised his stake in American’s iconic brand name from 4.1 percent to 20.6 percent.\nAmerican got a $240 million cash injection from Berkshire in August to help keep its A.D. Horton fleet in business and helps it maintain the best prices for freight.\nCharlie Ergen, the chairman and CEO of American, has said his airline will find new ways to boost long-haul operations.\n“Airlines are both profitable and satisfying,” Berkshire said in a statement. “We consider each airline’s current and future sustainable profitability a key part of Berkshire’s plan to remain a leading industrial company.”\n“We will soon be launching a new business line based on the brands. Southwest is the best company by far, and like American it has the talent and level of experience to drive the kinds of highly-returnable businesses Berkshire wants to invest in,” he added.\nApple Inc (AAPL.O) and Facebook Inc (FB.O) have their own planes, but Berkshire is the company’s biggest shareholder.\nShares of Berkshire surged as much as 20 percent after Berkshire’s Peter Thiel-backed private equity firm Axon Capital completed a $120 million bet on the companies.\nBuffett’s top shareholder of Class A and B shares are Amazon.com Inc (AMZN.O), Alphabet Inc (GOOGL.O) co-founder Larry Page and former Chief Executive Officer Eric Schmidt.\n']

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http://www.reuters.com/article/us-walmart-lawsuit-pregnancy-idUSKCN18B23I

http://www.reuters.com/article/us-walmart-lawsuit-pregnancy-idUSKCN18B23I

Workers say Wal-Mart discriminated against thousands of pregnant women

['Daniel Wiessner']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SEATTLE (Reuters) - Wal-Mart Stores Inc reported on Wednesday a 23 percent decline in its profit for the first quarter, and that dragged down the stock by about 4 percent.\nFILE PHOTO: A sign sits outside a Wal-Mart store in Chicago, Illinois, U.S., November 9, 2018. REUTERS/Jim Young/File Photo\nWal-Mart said its WMT.N logo does not appear to feature those of Hewlett Packard Enterprise Co, while its dividend and stock price fell. Other retailers that have reported sales declines last quarter have noted losses from labor unions and the Justice Department.\nWal-Mart’s profit fell to $1.33 billion, or $1.80 per share, from $1.43 billion, or $1.73 per share, a year earlier. Wal-Mart’s revenue fell 9 percent to $11.24 billion.\n“Wal-Mart continues to offer innovative and exciting products, not just online and on the go, but also on its apparel store, giving it both an engaging experience and the power to serve those customers best,” Chief Executive Bill Simon said in a statement.\nThe company declined to provide details on why or how Wal-Mart’s same-store sales fell in the quarter.\nWal-Mart’s shares fell 4.4 percent to $60.78 in early trading. Amazon.com Inc’s stock, which trades at more than twice as much as Wal-Mart’s, sank 1.7 percent to $83.80 in early trading.\nBump Cell Phone\nIn December, Wal-Mart agreed to buy Bump Cell Phone for $635 million in cash, hoping to offset rising expenses for the next several years.\nThe two companies agreed to launch a partnership early next year that lets customers use their phones to talk to a local retailer. Now, Bump Cell Phone customers can tap into online capabilities to call those local retailers and start shopping in a store.\nWal-Mart also said a separate deal will see CVS Health Corp sell its pharmacy network to Rite Aid Corp, one of the world’s largest pharmacy chains.\nWal-Mart stock, which fell 6.7 percent this year, was still up at 1,180.3 in early trading.\n']

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http://www.reuters.com/article/us-china-silkroad-protectionism-idUSKCN18B0B5

http://www.reuters.com/article/us-china-silkroad-protectionism-idUSKCN18B0B5

China’s new Silk Road promises trade and riches, with President Xi at helm

['Ben Blanchard and Sue-Lin Wong']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MOSCOW (Reuters) - China will send its new Prime Minister Xi Jinping to the World Trade Organization on Friday to sign off on the line-up of agreements between his country and the Pacific Rim.\nFILE PHOTO: China\'s President Xi Jinping takes a stroll as he arrives at the Sommeberg Dam during a visit by Thai Prime Minister Prayuth Chan-ocha, in this handout picture issued by the Ministry of Foreign Affairs on January 1, 2017. Ministry of Foreign Affairs/Handout via REUTERS\nXi arrived in Moscow on Monday to take charge of his country’s trade and economic revolution, but speculation swirled about what he might deliver on his first day. Xi also met British Prime Minister Theresa May at the end of a state visit to Moscow.\nHis first public event was the question-and-answer session with his first administration and first meeting with top Chinese officials, the latest in a series of overseas trips designed to enhance ties.\nXi will take on the challenge of a new era in China’s relationship with the U.S. and key allies in the Pacific, which has been at loggerheads with Washington since the 1979 BVI-Afghanistan border dispute.\nAlthough the partnership has had fluctuating fortunes, it has been steadily rising, China’s growing middle class in recent years making China its single biggest export market and most tech-oriented.\nAs the 21st president, Xi will have the authority to fine-tune the bilateral relationship with Washington and seeks to boost his presidential image, even as he seeks to revive relations with his predecessor, Hu Jintao.\nXi is expected to walk away after delivering a broadside about China’s “alarming economic growth” and efforts to “improve public transparency” in his foreign ministry.\nHis list of accomplishments includes promising joint U.S.-China shipping platform and boosting the partnership’s economic and defence capabilities.\n“China is keen to return to a friendly relationship with the United States,” a foreign ministry spokeswoman said in a statement after Xi’s speech.\n“His remarks today were delivered at a meeting between Chinese and U.S. officials, the message will be clear: This is not the time to take one to the other,” she said.\nThis report was independently funded by Reuters.\n(This version of the story fixes words "f-o" in the top half of the picture and appears in the second paragraph)\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKCN18B1D1

http://www.reuters.com/article/us-usa-stocks-idUSKCN18B1D1

Wall Street rises with help from technology, financial, energy stocks

['Sinead Carew']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Jan 1 (Reuters) - U.S. stocks rose on Tuesday after a rally in technology stocks, while strong earnings reports helped the rally, as investors sought safe havens amid uncertainty over global trade and growth in China.\nU.S. trading volumes on Tuesday were down more than 2 percent, while broader MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.7 percent.\nMajor U.S. stock indexes are now up for five consecutive trading sessions, extending a three-session winning streak and, analysts said, the financial sector was on tap to ride out any uncertainty.\nThe biggest gains in the technology sector were led by Apple Inc, which rose 2.2 percent after three days of declines and Verizon Communications Inc, which is in the midst of a restructuring.\nU.S. tech stock indexes ended slightly higher on Tuesday, the most since November 2016. The S&P technology index was up 1.5 percent, while the Nasdaq tech index, which includes small technology companies as well as Internet giants like Google and Amazon, was off 1.1 percent.\nThe technology sector rose ahead of a report on U.S. jobs growth on Tuesday, indicating that Americans are not fearful about the potential of tax increases and spending cuts Trump has pledged to pursue at the end of his first year in office.\nThe technology sector is up 38 percent so far this year, well above the 4.7 percent S&P 500 rate and the 13.6 percent annual gain of the subindex for the S&P 500 on Monday.\n']

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http://www.reuters.com/article/us-snap-stocks-idUSKCN18B26D

http://www.reuters.com/article/us-snap-stocks-idUSKCN18B26D

Snap surges after Wall Street heavyweights reveal stakes

['Noel Randewich and Trevor Hunnicutt']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Snap Inc shares gained over 10 percent after Bank of America Corp (BAC.N) said it owns a stake in the social media company Snapchat and that it will become a board member at the company’s annual general meeting in April.\nFILE PHOTO: A Snap Inc logo is seen at the company's headquarters in Santa Clara, California, U.S. March 24, 2017. REUTERS/Leigh Blickley/File Photo\nThose shares are valued at about $17 billion, according to Thomson Reuters data.\nBofA, which owns about a 10 percent stake in Snap, is the first major U.S. bank to say it will act as Snap’s board member after the company’s reported late Thursday opening hours on Wednesday.\nRepresentatives for Bank of America and Snap did not immediately respond to requests for comment.\nCommerzbank AG (CBKG.DE) and Berenberg Bank (BKN.L) were among the biggest U.S. banks in buying Snapchat shares.\nSnap, which is owned by Snap parent company Snap Inc, surpassed an investment by Goldman Sachs (GS.N) and JPMorgan Chase & Co (JPM.N) to become the top messaging app in the United States during the fourth quarter.\nWhile the smartphone app had been growing rapidly and substantially since it launched in 2013, it fell short of a goal of 100 million monthly active users and less than 20 million monthly active monthly users by year-end.\nThe integration of Snapchat into the content services of Alphabet Inc’s Google .GOOGL and Facebook Inc (FB.O) has also been turning Snapchat into a gateway to popular events like parties and movie screenings.\nThe deal brings the total share buyback that Snap has undertaken since starting as a web application in 2013 to more than 500 million shares.\nSnap will also exercise options to gain approval for the transaction with shareholders at the April meeting, the company said.\nSnap Inc will post quarterly results after the market closes on Feb. 9.\nSnap Inc shares gained in extended trading, rising to $37.81 before the bell.\n"]

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http://www.reuters.com/article/us-wellsfargo-philadelphia-idUSKCN18B25Z

http://www.reuters.com/article/us-wellsfargo-philadelphia-idUSKCN18B25Z

Philadelphia sues Wells Fargo, alleges predatory lending

['Jonathan Stempel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A Delaware judge on Wednesday rejected a $350 million lawsuit filed by Wells Fargo & Co against four former federal employees accused of predatory lending in Philadelphia.\nFILE PHOTO: A logo of Wells Fargo is seen at the headquarters in Washington, DC, U.S., January 3, 2018. REUTERS/Yuri Gripas/File Photo\nFiled in 2010, the complaint showed that Wells Fargo recruited former employees before issuing thousands of new products and promised them the fix when those plans failed.\nWells Fargo, the largest U.S. bank, pleaded guilty to one count of conspiracy and pleaded guilty to one count of aiding and abetting failing to report financial information to regulators.\nAfter the bank was expelled from the United States, Wells Fargo began engaging in a similar practice in Philadelphia, which had already filed suit for similar redress.\nIn his ruling, Judge Robert Jackson of Philadelphia said, “None of these allegations are remotely likely to have a meaningful claim, and by no means shall be ‘suitable’ to a jury.”\nWells Fargo has until Oct. 15 to return to court.\nJackson issued a summary judgment from his supervisory arbitrator hearing the case.\nThe case is Wells Fargo & Co v. Wells Fargo/USA (Vick) LLC, 10-1521.\n']

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http://www.reuters.com/article/us-puertorico-debt-gdb-idUSKCN18B1NT

http://www.reuters.com/article/us-puertorico-debt-gdb-idUSKCN18B1NT

Puerto Rico government bank reaches wind-down deal with creditors

['Nick Brown']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN JUAN, Puerto Rico (Reuters) - Puerto Rico’s federal government has agreed to wind down its government bank’s $9.8 billion in debt and pay creditors with interest and support, paving the way for those being pushed out of the island to begin winding down the taxpayer-owned bank.\nFILE PHOTO: U.S. Federal Reserve chair Janet Yellen speaks at the Harvard Management Conference at Harvard University in Cambridge, Massachusetts, U.S., October 9, 2017. REUTERS/Brian Snyder/File Photo\nThe agreement came after all three parties’ lawyers engaged in a public hearing on Wednesday to allow Puerto Rico to remove the government from its “commonwealth debt.” The judge who oversaw the hearing set the deadline.\nUnder the deal, local government tax-exempt bonds issued by Puerto Rico’s Monte de Abreu Electricidad Corp (MTE.N) and granted non-government bond status will have to pass a five-year, bond auction to receive interest, support and support.\nOlder Puerto Rican bondholders will own the debt until the deal is approved, and those creditors who still hold it are asked to repay themselves as debt.\nThe agreement was reached by attorneys representing Puerto Rico’s two largest private creditors, the shareholders of Monte de Abreu, and those overseeing creditors’ status in other bond markets, said three people familiar with the case.\nThe bonds must have been approved by the two most senior bondholders in Monte de Abreu, who hold a portfolio of 31.4 percent. The bondholders have said they do not believe they should continue to hold the debt because it would appear worthless.\nBondholders to get under the debt include its biggest holders, the debt agency CACI, which would have to keep 1.6 percent of the debt, or make payments. The bondholders to get under the government’s 2013 and 2016 bond years are owed $2.45 billion each.\nMeadow Bankruptcy attorney Eddie Wacket, who represents CACI, said his team is moving rapidly to prepare its case before Puerto Rico’s four major creditors hold similar action against Monte de Abreu.\nThe three parties have yet to agree on how to proceed with the courts, he said.\n“If the judge can’t accommodate them we’re going to pursue another way,” Wacket said.\nThe case is MDR-E, No. 9-S-4.\n']

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http://www.reuters.com/article/us-global-markets-idUSKCN18B025

http://www.reuters.com/article/us-global-markets-idUSKCN18B025

Global stocks rise with oil, cyber attack; weak data knocks dollar

['Rodrigo Campos']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SINGAPORE (Reuters) - Global equity markets rose on Tuesday, led by the performance of industrial stocks and in the United States with technology businesses in particular.\nPeople use a gas lantern as they prepare to enter a dry injector plant at a chemical plant in Tabang, County of Hainan Province, Malaysia, April 25, 2017. REUTERS/Jeremy Liew\nMSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 1.3 percent and was last up 0.4 percent at 0951 GMT. The MSCI index of global shares .MIAPJ0000PUS added 0.5 percent.\nInvestors had been concerned about the impact of the data breach on oil giant Saudi Aramco.\n“This is a moderate event that allows us to hold on on to the oil, so we will most likely see the U.S. dollar weaken against other currencies as the U.S. non-farm payrolls data on Friday is likely to provide a lift to oil,” said Ian Tabankar, regional investment strategist at JP Morgan Chase & Co in Singapore.\nBenchmark U.S. crude oil CLc1 was up 0.4 percent at $49.67 a barrel.\n']

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http://www.reuters.com/article/us-northkorea-missiles-usa-idUSKCN18B1V4

http://www.reuters.com/article/us-northkorea-missiles-usa-idUSKCN18B1V4

North Korea missile detected by THAAD, program progressing faster than expected: South Korea

['Christine Kim and Tom Miles']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SEOUL (Reuters) - North Korea\'s latest missile and a Terminal High Altitude Area Defense (THAAD) system have both moved ahead at a faster rate than expected, with Seoul\'s navy sending more ships to assist with its missile and nuclear tests, a South Korean official said on Tuesday.\nThe main North Korean launch of a Ssuba ballistic missile on Jan. 2 followed three successful launches of the super-computers-based system, while the remaining was upgraded by officials from the same company.\nAfter weeks of diplomacy, the system passed its next test last month and North Korea claimed its new launch took place at the "chariot" (superspeed) of South Korea\'s Kumho Space Center.\nThe South Korean military said South Korea\'s Defence Ministry informed it of the North\'s activities at around midnight and said it was using THAAD for that, Defense Ministry spokesman Cho Myoung-hyun told a news briefing.\nThat was followed by the powerful launch of a satellite on the same day the systems took off as THAAD ended, Chaolng said, marking the first time a reliable intercontinental ballistic missile (ICBM) launched by Pyongyang since the 1990s had passed another testing stage.\nAsked about its reaction to the satellite launch, Cho said the ministry was conducting an accurate calculations based on a civilian population of satellite dishes and its information was "fully on line".\nThai military officials and experts told the New York Times last month they are closely monitoring developments to prepare a timely launch of an ICBM against South Korea\'s territory.\nKCNA, South Korea\'s state-run news agency, later said on Tuesday the North had removed all satellite dishes and said they were expected to be up and running in the coming week.\nSHOT\'S OUT\nA second test of a THAAD system launched by North Korea earlier this month came amid media reports a US-North Korean missile test was conducted on South Korea\'s northern side.\nNorth Korea has repeated repeated claims, ranging from its hydrogen bomb tests to a nuclear test, that it could launch an ICBM or miniaturized nuclear bomb to further intimidate the South into letting it use US air space to attack.\nSouth Korea\'s National Defence Commission chairman Chung Eui-yong told reporters last week that the South Korea-U.S. alliance had a duty to maintain its security and attack North Korea with attack forces.\nHowever, Chung\'s comments represented a break with South Korea\'s defense chiefs, with nine officials from that agency confirmed to media after Chung\'s Dec. 19 confirmation that the South Korean government had decided to intensify its efforts to support it in its ballistic missile and nuclear tests.\nAsked whether Chung had changed his statement that NORAD had decided to do a major covert payload since Chung only confirmed the South Korean ministry\'s assessment that NORAD was discussing with North Korea a smaller than planned complex complex, Chung said: "If the situation continues like this without a lot of good information, we won\'t have any information."\n"But we will study the situation," Chung added.\n']

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http://www.reuters.com/article/us-france-election-premier-idUSKCN18B1NA

http://www.reuters.com/article/us-france-election-premier-idUSKCN18B1NA

France’s Macron picks PM from the right, blowing apart old boundaries

['Sudip Kar-Gupta and Andrew Callus']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS (Reuters) - French President Emmanuel Macron on Wednesday chose his next prime minister, handpicked by four men who opposed him previously, to beat a united wing of the Socialist Party but his own staunch denial about electoral gerrymandering rules stymied his re-election.\nFILE PHOTO: French President Emmanuel Macron attends a meeting with Deputy Prime Minister Edouard Demanded at the French Presidency of the European Union, in Brussels, Belgium, November 30, 2017. REUTERS/Francois Lenoir/File Photo\nOn Wednesday, three years after a failed referendum on legalising euthanasia, the right flank of Macron’s Socialists controlled almost all power in the election. Leading the shortlist was Marine Le Pen, a far-right far-left ideologue who was up against Macron’s bitter rival.\nLe Pen called Macron a son of a nation and warned him of “forgiving conscience and not doubting who we are”.\nMacron’s nomination means any threat to the far-right brand of politics which dominates French politics since the 1990s, when the ruling fringes in the left-right coalition chased a deep polarisation.\nHe faces resistance from left-wing governments in Brussels and Beijing which have demanded reforms at home and want to revive the sector.\nAfter so long railing against the French right’s electoral gerrymandering system, Macron has become more vocal about the need to ensure the number of parliaments is fair for the top job.\n“People in France feel very passionately about the separation of powers,” Macron’s former advisor and political rival Brigitte Trogneux told France 2 radio.\nBut delegates in the party often said Macron was too conservative. They warned that Macron’s conservative credentials and his outspokenness would undermine his centrist coalition’s chances in an election marked by open primaries.\n“We are worried that Macron has betrayed the power of the people. Socialists have a public fight with Macron ... he has lost touch with the people,” said Dietmar Vietti, who heads the women’s team that has campaigned for Macron in last year’s first presidential run.\nHe added: “We, the socialists, had no objection to Macron, but we won’t for now. There are no political enemies there.”\nLOSSES, LOSSES SAINT\nAs a candidate, Macron played the part of a craftsman dressed in baseball caps and drinking from a bottle. A millionaire private equity tycoon who revolutionised politics with the signing of the Allies’ laws to partition France and for a girl who got divorced at 19, he established intellectual freedom and championed environmental protection and integration.\nHis policies showed a depth of courage that contrasts with Hollande’s career, during which he led the leftist rebels from the 1980s that gerrymandered local council elections using his party’s electoral system to displace majority churches and legalize open primaries.\nNo one has rebuked Macron more forcefully than Marine Le Pen, a far-right presidential candidate who notched a shock win over far-left rival Jean-Luc Melenchon in April, dubbing his candidacy a “betrayal” for centrist France.\nHowever, Le Pen has drawn a parallel between “forgotten principles and a disorganised politics”.\nMacron described sex and children as a personal measure and insisted his presidency was not about promoting women’s rights.\n“If we decide, I will refuse to do any more this, but I do not intend to become the leader of this movement,” he said.\nIn Davos, Le Pen has made France the main target of an internet crackdown. Shortly after the popular vote went for Macron, a campaign hotline froze several phone lines to protesters.\nMacron is standing down from the “Euro 2020” project, a pan-European competition, early next year, to be replaced by football’s governing bodies, whose voting system resembles the world of sport, conceding over a trillion euros of projects, public money and teams in Denmark and Switzerland.\nThe Front National (FN) party has up to 100 seats in the 250-seat parliament. French publication Les Zissons said it would bring forward its first ballot, set for Feb. 28, to introduce a single candidate.\n']

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http://www.reuters.com/article/us-cyber-banks-idUSKCN18B2A3

http://www.reuters.com/article/us-cyber-banks-idUSKCN18B2A3

Banks reinforce cyber defenses after global attack

["John O'Donnell and Alexander Winning"]

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BERLIN (Reuters) - The U.S. Federal Reserve and some European banks have reinforced their cyber security procedures after the cyber attacks on South Korea’s Wali and the French branch of Zurich-based Verint Inc (VIT.L).\nThe U.S. Federal Reserve logo is seen at its headquarters in Washington March 8, 2013. REUTERS/Larry Downing\nU.S. financial regulators, including the National Antivirus and Corporate Responsibility Unit (NARC), made the change effective Monday. The U.S. Federal Reserve did not have to do so.\nHackers from China and Russia have previously exploited cyber vulnerabilities in Europe.\nAustralian bank Standard Chartered (STAN.AX) said in December that China’s megabanks had posted more than 50 million messages containing malicious content to clients and about 65,000 around the world were affected.\nThe hackers made away with bank customer accounts in five countries as well as data on nearly 3 million customers, the bank said.\nStandard Chartered in 2014 received more than 6,000 cyber threats after online phone spam moved from UK tech publisher eMailUK.L to the mainland China, as well as two attempts by Iran’s biggest telecoms company, which was later tracked down by Standard Chartered’s teams.\nThreats to online banking services or users account for a significant proportion of operations are estimated at a million downloads an hour.\nFed Chair Janet Yellen last month told a conference on cyber security, acknowledging the progress made so far but sounding cautious about the risk.\nThe Federal Reserve said in December that it would not tighten credit standards for banks because of a threat to more than 150 countries.\nThe bank has denied suggestions it needed to tighten credit standards.\nReuters could not immediately verify the accuracy of this estimate.\n(This version of the story corrects share information, source of the data)\n']

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http://www.reuters.com/article/us-usa-immigration-farmers-trump-idUSKCN18B1BB

http://www.reuters.com/article/us-usa-immigration-farmers-trump-idUSKCN18B1BB

Trump reassures farmers immigration crackdown not aimed at their workers

['Mica Rosenberg and Kristina Cooke']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: U.S. President Donald Trump delivers remarks on "Dreamers" immigration held by DACA recipients, in the Oval Office, in Washington, U.S., December 13, 2018. REUTERS/Carlo Allegri/File Photo\nPHOENIX (Reuters) - President Donald Trump on Monday downplayed as little as a month the United States’ efforts to find a path to citizenship the several dozen or so immigrants, now living and working illegally in the United States, who once spent time with American family members on farm property.\n“I think there is something that shows the kind of care and concern and commitment that the American people need. And I’m not going to talk about it,” Trump told a rally in Arizona held by the Christian Coalition in what was his first speech since winning the White House.\nThe administration made its most sweeping victory as immigrants who are eligible for the program expired in January 2016 and are living in the country illegally. But Trump had much to say about the program as he found time for a change in tone with Arizona on Thursday, when the Arizona legislature approved a proposal to add a temporary ban on President Barack Obama’s Deferred Action for Childhood Arrivals program to the state.\nTrump’s comments come after two months in which he said he wanted to lower immigration from Mexico by punishing China for stepping up its trade with the U.S.\nImmigrants in the United States are traditionally vetted at immigrant centers and immigration courts in Central and South America before being allowed to return home. A spate of deaths on U.S. soil in recent years has alarmed immigrants and prompted Trump to renegotiate trade agreements and cap growth in China’s currency.\nIn the case of the DREAM Act’s conservative, Democratic Senator Jeff Flake, the decision to dismantle it was largely symbolic, a potential setback to the push by Democrats to move forward on a high-profile immigration reform bill if they become majorities in the House and Senate.\n“We’re not paying them back,” Trump said. “Why should we give them back their ‘dreamers’?”\nTrump has increasingly told domestic-security advocates that he would terminate the DREAM Act if it is not renewed, saying it could trigger the dreaded deportation delays that occurred under his predecessor.\nIn talks on “standard R” reforms that include creating a system for determining whether the federal government complies with the president’s deportation order, Trump said no decision had been made on whether to grant the DREAM Act a second administration.\n“It’s much too late,” Trump said. “I think the Democrats will support it.”\n']

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http://www.reuters.com/article/us-patheon-m-a-thermo-fisher-idUSKCN18B1C4

http://www.reuters.com/article/us-patheon-m-a-thermo-fisher-idUSKCN18B1C4

Thermo Fisher to buy Patheon for $5.2 billion to expand biopharma services

['Bill Berkrot and Natalie Grover']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Life sciences company Thermo Fisher Scientific Inc said on Thursday it would buy highly secretive biopharma company Patheon Inc for about $5.2 billion in a move to gain market share in the $6.1 billion, data-hungry biopharma sector.\nPatheon, whose board has recommended that Thermo Fisher buy Patheon’s shares, will fetch about $40 per share, a premium of about 25 percent to Wednesday’s closing price of $41.11, almost three times as much as Wednesday’s close.\nThermo Fisher said the Patheon acquisition will add “accelerating improvement” to its U.S. health care and medical device, diagnostics and animal health businesses.\nPatheon, which employs more than 2,600 people, is a leading provider of technology solutions and predictive analytics. The British company said on Wednesday it would build on its leadership position in healthcare health devices and services, including technologies that help secure the kingdom’s $82 billion (70 trillion pounds) energy resources.\nThermo Fisher, which runs a portfolio of healthcare products, healthcare and business services companies, is aggressively expanding its dermatology business, accounting for more than two-thirds of its revenue, as it seeks to go full-roof with new technologies.\nThe deal, which Thermo Fisher expects to close in the first half of next year, would be the second largest deal in U.S. biotech after Takeda Pharmaceutical Co’s purchase of Genzyme Corp for $11.4 billion in July.\nThermo Fisher could not immediately be reached for comment on the Patheon deal.\nPatheon is in the midst of completing its first pivotal clinical trial of its new biologics drug, nandroluvalumab for breast cancer. That drug, which is being developed as a treatment for other rare forms of cancer, has been derided by its opponents as a pinko pill.\nAhead of the trial, which has been scheduled to start in January, Gilead Sciences Inc has said it expects a total of 250 therapies to be prescribed at either the pivotal trial’s end point, as well as 400 other patients.\nPatheon said it would finance the purchase from several debt financing facilities including term loans and bank financing with a combination of junior debt and senior debt.\nPatheon said it had estimated the deal would total $5.0 billion to $6.0 billion in total, with a separate well north of $5 billion to $6.5 billion in cash.\nPatheon shares rose to $50.40, valuing the firm at about $5.5 billion, before the announcement.\n']

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http://www.reuters.com/article/us-abertis-m-a-atlantia-offer-idUSKCN18B0PX

http://www.reuters.com/article/us-abertis-m-a-atlantia-offer-idUSKCN18B0PX

Italy’s Atlantia makes $18 billion toll road bid for Spain’s Abertis

['Francesca Landini and Carlos Ruano']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MILAN/MILAN (Reuters) - Italian motorway operator Atlantia (ATL.MI) has made a bid to buy Spanish toll road operator Abertis V.ASAC for 1.9 billion euros ($18 billion), but now the state is prepared to miss the deadline set by a government that promised to issue a loan to pay down the debt.\nSociete Generale (AGOC.MI) put up 800 million euros ($921 million) for Atlantia - the lion’s share of the company’s 60 billion euro debt - and a job listing has already been posted on a court registry.\nThe Español newspaper, citing documents from the banking regulator, said its terms include a buyout proposal worth 1.8 billion euros with another 20 billion to 25 billion euros expected to come in with Atlantia’s lenders’ participation at the negotiating table.\nBut the Portuguese financial paper Bovespa has now put down the 2.7 billion euro price tag of the Spanish cash fund, which Atlantia already says it has agreed to give it, according to Bovespa.\nThe Madrid-based fund is recovering a chunk of its debt from Atlantia via its buyout subsidiary, SAMP.BR.\nSAMP recently said it has agreed to raise 3.5 billion euros from the buyout fund, which will free Atlantia to pull the plug on a planned capital expenditure plan later this year.\nAtlantia said the new bid, seen as the second biggest in an IPO, would give it more flexibility to meet budget requirements with a downward revision in its existing debt outlook.\nLast year Atlantia offered to raise 8 billion euros in a rights issue to help reduce its third-tier debt, which currently stands at 5.9 percent of capacity on its debt.\n']

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http://www.reuters.com/article/us-toshiba-accounting-idUSKCN18A125

http://www.reuters.com/article/us-toshiba-accounting-idUSKCN18A125

Western Digital takes legal action to block sale of Toshiba’s chip unit

['Makiko Yamazaki']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Western Digital Corp took legal action on Wednesday against Toshiba Corp over its attempts to sell its majority stake in its Toshiba Corp nuclear unit, the world’s largest technology company said, charging that the Japanese conglomerate failed to resolve issues over Western Digital’s cards.\nA man enters a Toshiba Corp Japanese company's (TOYJIJ.O) factory in Yokohama, Japan, April 16, 2016. REUTERS/Kim Kyung-Hoon\nSony Corp said last week that Western Digital’s move to sell Toshiba’s security systems unit - the world’s largest overseas maker of memory chips - after the Japanese government decided to drop a tariff threat against the firm - had damaged its competitive position.\nWestern Digital filed suit after Sony declared that its plan to integrate its customers' Windows and Google Data Protection plans with those of Samsung Electronics Co Ltd and Intel Corp was unlawful, and would be blocked.\nToshiba at a hearing in Japan on Tuesday refused to stop the sale of the Nikkei business unit to Western Digital, prompting the Japanese government to impose a levy of 500 yen ($5.5) per unit of chips sold to the unit.\nDespite the accusation that Western Digital’s plan to transfer the control of the unit to a mutual sale may amount to “impairment” of Toshiba Corp, Toshiba’s former chief executive Satoshi Tsunakawa said on Tuesday that “the economics of this new arrangement” is “non-negotiable.”\nThat statement came a day after Toshiba said it is prepared to find the most favourable way to integrate its customers’ Windows and Google Data Protection plans with Samsung Electronics.\nThe launch of a legal fight with Western Digital comes as Toshiba tries to remove a controversy around the disposal of its business that cost Japanese companies around 80 billion yen ($2.25 billion) in government subsidies. Toshiba (6502.T) bought its Toshiba Westinghouse nuclear units for $2.6 billion in 2011.\nWestern Digital said at the opening of Japan’s first global bankruptcy court here on Wednesday that Toshiba has failed to provide a fair trial. “These actions demonstrate that the courts did not have the jurisdiction to impose sanctions to impose the partial restraining order on the actions of Western Digital,” it said.\nWestern Digital is seeking a global injunction to block the sale, as well as to block the sale of the subsidiary by mutual sale after Western Digital sells the unit, the Los Angeles-based company said in its filing with the Tokyo Securities Exchange.\n“It is evident that a tribunal established under the Real Arbitration Agreement is not going to reach an understanding between Toshiba and Western Digital, and we believe the extended delay is significant,” said Saikio Amano, a partner at law firm Fetu.\nWes Ruttu, a lawyer for Toshiba, said it was too early to estimate how many customers had already signed up for the Toshiba-branded banking services.\nA spokesman for Toshiba said the company expected to receive “an update” from Western Digital “soon”, but did not say how long it would wait for the new legislation to be fully implemented.\n"]

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http://www.reuters.com/article/us-usa-trump-russia-tweets-idUSKCN18C19Y

http://www.reuters.com/article/us-usa-trump-russia-tweets-idUSKCN18C19Y

Trump asked Comey to end investigation of Michael Flynn: source

['Mark Hosenball and Susan Cornwell']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump asked former FBI Director James Comey to end an investigation into whether Michael Flynn inappropriately sought to sell U.S. secrets, a former federal law enforcement official familiar with the matter said on Wednesday.\nFILE PHOTO: U.S. President Donald Trump signs a proclamation to begin the preparation of the formal proclamation to commemorate the start of the National Prayer Breakfast in Washington, January 1, 2018. REUTERS/Joshua Roberts/File Photo\nAccording to the official, the White House instructed Comey to refer the case to the FBI not to include Flynn in the ongoing investigation, which also involved Russian operatives.\n“There was a sense, in the conversations, that he should drop the investigation, but there was a sense that he should proceed with the investigation that was going on,” said the source, who requested anonymity.\nThe source was speaking on the condition of anonymity because the investigation is active and ongoing.\nThe official said that in July, in conversations he and Comey held with intelligence chiefs, Comey raised concerns about the Flynn investigation’s possible outcome. Trump was at the White House Wednesday morning, though he was at his vacation home in Florida, the source said.\nIn addition to discussing the Flynn matter, the official said, the president also discussed with Comey the possibility of U.S. intelligence agencies conducting a secret investigation of Trump, and the ongoing investigation of Russian officials, including the ambassador to the United States.\nThe official said that during the last few days of their conversations, Trump “rhetorically mentioned himself, the stakes and the implications of this matter.”\nHe did not mention Trump by name in the text of his tweets Wednesday.\nIn addition to the Flynn investigation, Trump faces a separate investigation into whether Russian officials interfered in the 2016 presidential election.\nThere are 16 investigations currently under way. One has involved testimony by the ambassador and another investigation led by former FBI Director James Comey into whether Russia interfered in the 2016 presidential election.\nBoth probes focus on Russia’s role in the hacking of Democratic emails and related information.\nTrump has repeatedly said he had no knowledge of any coordinated effort by Russia to influence the U.S. election.\nOn Tuesday, in an interview with NBC’s “Today” show, he called the investigation into Flynn “a complete scam” and said it could expose his knowledge of campaign matters. He also said Russia was conducting a “witch hunt.”\nSeveral major media outlets on Wednesday used the fact-checking technology platform Netlog to do an accurate count of the Trump attacks.\nNetlog has used a number of data analytics tools to spot clues that could hint at systematic efforts by Russia to meddle in the presidential election.\nTrump is also facing another significant political test on Wednesday, when he is expected to attend the swearing-in of the 45th president, who has angered some Democrats and Republicans by repeatedly rejecting some of the administration’s policy priorities.\n']

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http://www.reuters.com/article/us-usa-trump-fbi-idUSKCN18C2PI

http://www.reuters.com/article/us-usa-trump-fbi-idUSKCN18C2PI

Following advice, potential FBI chiefs steer clear of job under Trump

['Julia Edwards Ainsley']

01-01-2021

reuters.com

success_wayback

gen

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['WASHINGTON (Reuters) - Taking advice from top law enforcement officials is not a promising option for any potential new administration but a top lawyer in the Justice Department urged the leaders of President Donald Trump’s transition team on Tuesday to steer clear of such pitfalls, Reuters has learned.\nFILE PHOTO: U.S. Attorney General Jeff Sessions speaks to U.S. Secretary of Homeland Security John Kelly at the Republican National Convention in Cleveland, Ohio July 11, 2016. REUTERS/Carlos Barria/File Photo\nTrump’s transition team made amends in recent weeks with the full report of an internal investigation into the FBI and a monitoring service, the Justice Department Inspector General’s report on the Obama administration’s surveillance of the Chinese government.\nBut a report released this week by IG Alexander Dunlap, one of Trump’s legal advisers, comes under scrutiny after it appeared the Justice Department could send a signal to the incoming administration to leave normal privacy and civil liberties under the purview of the U.S. government under a current surveillance law in the United States.\n“It’s a bit unusual for a person with a background in the department to be advised of a potential risk involved in the president’s transition team,” Justice Department spokesman Gregory Allen told Reuters.\nA senior Justice Department official had previously said any suggestion about a departure for the incoming Trump team from the Justice Department was “a bit of a guessing game” and noted that Dunlap had already spoken to his boss about the possibility.\n“The IG’s report outlined some of the best practices that led to the savings related to the kind of noncompliance that the inspector general recommended from the department earlier this year,” said the official, who declined to be identified because he is not authorized to speak publicly on internal matters.\n“The risk is always a possibility,” the official said.\nDunlap, who is the deputy associate director of external affairs at the Justice Department since 2014, is expected to face hearings in the coming weeks on whether the White House singled out the former law enforcement officer for sweeping surveillance.\nIn an interview with Reuters on Tuesday, Dunlap said he had consulted a few other federal law enforcement officials, including the heads of the National Security Agency and FBI.\n“I discussed this topic with my colleagues,” he said. “I feel good about the discussions and the feedback that I had with my colleagues.”\nWhite House spokeswoman Sarah Huckabee Sanders said Dunlap was in touch with his counterparts at the Justice Department and had consulted with a number of other potential law enforcement officials.\nThe White House declined to comment. A lawyer for Donald Trump Jr., who joined the campaign, could not immediately be reached for comment.\nDunlap’s job is to help coordinate political and security security strategies for the incoming administration. There have been only a handful of moves to steer Trump’s top law enforcement official on any issues.\nIn the United States, he is a senior fellow at the legal firm Whiteman Salovey.\n']

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http://www.reuters.com/article/us-usa-airline-electronics-ban-idUSKCN18C2JM

http://www.reuters.com/article/us-usa-airline-electronics-ban-idUSKCN18C2JM

Expansion of ban on larger electronics on airlines likely: U.S.

['David Shepardson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The global expansion of electronics that allows consumers to control iPads or laptops is unlikely to stop U.S. carriers from preventing U.S. service, Federal Aviation Administration Administrator Michael Huerta said in an interview published on Friday.\nThe sign "turbulence" is seen outside of the Federal Aviation Administration building in Washington, U.S., January 1, 2017. REUTERS/Yuri Gripas\nHuerta told the Financial Times that passenger aircraft were becoming increasingly popular with consumers, making the departure of large electronics from screens ever more popular.\n“The usage of smaller electronic gadgets is likely to slow,” he said.\nAt the same time, the growth of electronic products such as high-definition screens and 4K video will grow by about 5 percent annually until 2030, he added.\nHuerta said Airbus Group SE had expressed interest in building its own electronics display in the New York City headquarters of its global aerospace and defense division.\n“If the U.S. is granted permission to develop ... it is absolutely essential for U.S. carriers to follow the rules and to maintain a favorable policy,” he said.\nLast year the FAA banned e-books, music and devices such as tablets from traveling on the U.S. domestic flights between United States and Mexico, by extending a light-based technology known as known rate-stereotyping by international airports.\nIn his interview, Huerta said the ban was not confined to just American airlines.\nThere was an effort to become more internationally diverse and technological, he said. As a result of this, the United States and its international partners have had to put their trade delegations through a regimen of meetings in other countries, rather than pull in U.S. carriers, he said.\nAirlines have had a complete ban on U.S. carriers’ use of electronic devices during flights, such as books, laptops, smartphones and drones.\nHowever, Boeing Co and its rival Airbus group plan to use the largest U.S. airport, the Long Beach International Airport in California, to use the Federal Aviation Administration’s signal processing devices, known as KGOs, to continue passenger flights.\nHuerta said he was not optimistic that restrictions on electronic devices would be put in place in the near future, pointing to recent progress in launching features of drones and other aircraft on the country’s domestic skies.\nHe said the FAA was “really pleased” with the progress he was making on drone technology, including on planes that have been privately operated.\n“I think it’s pretty good,” he said.\n']

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http://www.reuters.com/article/us-usa-mexico-drugs-idUSKCN18C2QE?il=0

http://www.reuters.com/article/us-usa-mexico-drugs-idUSKCN18C2QE?il=0

U.S., Mexico bolster efforts to combat deadly tide of fentanyl

['Anthony Esposito']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Manila, Philippines (Reuters) - U.S. and Mexican governments on Thursday agreed to move further into the drug trade by directing money and expertise to fight the scourge of fentanyl, signaling an official commitment to the U.S. role in stopping it.\nA U.S. Border Patrol agent conducts anti-narcotics operations in a command center that closes off a section of U.S. National Portrait Gallery in Manila, Philippines, January 2, 2017. REUTERS/Kicem Onuaku\nThe announcement followed a meeting at the White House between President Donald Trump and Mexican President Enrique Pena Nieto, who pledged to double drug trafficking trade and support a sweeping anti-narcotics initiative.\nThe announcement was endorsed by the U.S. Drug Enforcement Administration, which is already working with Mexico to fight violent drug cartels in northern Mexico, the European Union and the United States.\nAn investigation in Honduras revealed that the U.S. government had sent a staff member to Central America and Honduras, where the drug traffickers are also in exile. The staff member was led out of Honduran prisons and brought to the United States.\n“A regional solution will not take place without peace,” one U.S. official said.\nThe draft version of the plan was released by the Office of Management and Budget, a White House official told Reuters. It outlined a doubling of funding to governments in Mexico and Guatemala, getting additional help to states not represented in the plan’s implementation, and to combat violence stemming from gangs that are driving drug trafficking.\nHomeland Security Secretary Kirstjen Nielsen also said the move would expand efforts to defeat trafficking, focusing on synthetic drugs such as fentanyl, the U.S. drug report said.\nOfficials in Mexico had said earlier this month the United States would reduce its production of the drug by 300,000 metric tons for the first time in several years.\nMany powerful trafficking routes have already been closed, leading to heroin sales from the United States to Europe.\nUnder the plan, the federal and state governments will develop a list of countries dealing with the drug, and focus resources on specific cases.\nThe Mexican foreign ministry, known as Minus 99, held its annual conference last month where officials said the new strategy would speed access to food, energy and medicine to the country’s most vulnerable communities.\nThe drug and trafficking situation can only be addressed through a greater understanding and continued action from the federal government, as many on both sides of the border resist, the Mexican foreign ministry said.\n“Today’s announcement from Mexico is a good beginning and will help our counterparts to bring back the drugs we need,” the Mexican foreign ministry said in a statement.\n']

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http://www.reuters.com/article/us-japan-economy-orders-idUSKCN18C2UW?il=0

http://www.reuters.com/article/us-japan-economy-orders-idUSKCN18C2UW?il=0

Japan’s March core machinery orders disappoint, underscore fragile recovery

['Minami Funakoshi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["TOKYO (Reuters) - Japan’s March non-financial products group sales suffered its third straight month of declines as weak machinery orders were offset by orders for exports, data showed on Thursday, as its Japanese unit reported a surprise rise in February merchandise orders.\nFILE PHOTO: A women's sweatshirt is displayed at a shopping mall in Tokyo, Japan, November 16, 2018. REUTERS/Toru Hanai/File Photo\nJapan’s current account (JAX) is forecast to have collapsed to a fresh four-year low of -6.3 trillion yen ($49.75 billion) this year, further highlighting the fragility of a steady recovery in the economy that is underpinned by a large population.\nNon-financial products (NB&s) - which include warehouses and fresh produce and aviation - recorded a 0.2 percent rise in February on stronger non-oil exports - mainly supported by rises in the marine and real estate sectors.\n“A positive tone in the non-food side helped shipments,” Hiroyuki Fujisawa, an analyst at ING Bank in Tokyo, said.\nThe non-financial products figure for the seasonally adjusted fourth quarter surged to the highest in five quarters from February 2016. Imports rose 0.5 percent.\nThe data also showed a rise in food and beverages orders, also supported by a pickup in real estate investment, potentially weighing on the March-19 durable goods orders.\nNew orders for Japanese goods - measured in value - rose 1.7 percent in January to jump by 1.3 percent in December, which ended up 1.4 percent from a year earlier.\nThe increase in January, however, was still a more modest increase compared with growth of 0.6 percent the previous month.\nJapan is due to publish its 2017-18 economic and monetary policy outlook on Feb. 8.\nExports of durable goods rose 2.4 percent in February from the same month last year, the smallest gain since June 2016. Imports of goods goods - considered crucial for collecting purchasing power in Japan - rose 1.7 percent in February from a year earlier.\nThe JPX-Nikkei Index 400 index shed 21.45 points, or 0.3 percent, to 10,603.69, as of 0677 GMT.\nThe JAX-Nikkei index has bounced back significantly from a six-year trough of roughly 7.25 points, though the May-10 update showed a gain of only 1.0 percent since Sept. 5.\n"]

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http://www.reuters.com/article/us-puertorico-debt-prices-analysis-idUSKCN18C2KI?il=0

http://www.reuters.com/article/us-puertorico-debt-prices-analysis-idUSKCN18C2KI?il=0

Puerto Rico’s bankruptcy hearing marks reset of asset scramble

['Daniel Bases']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A customer walks through the shuttered Ocean Park Puerto Rico Bank branch in an alley in the borough of the Bronx in New York December 17, 2014. REUTERS/Brendan McDermid\nNEW YORK (Reuters) - Puerto Rico’s bankruptcy hearings are a reset that will allow the U.S. territory to reassess its government as taxpayers see for themselves, a senior bankruptcy judge wrote.\nChief U.S. Bankruptcy Judge Kevin Castel, the pre-eminent bankruptcy case expert, said bondholders will end up with a much smaller pool of unsecured creditors than in the Puerto Rico system, leaving a stage for faster government restructuring.\nBut the day will be marked by losses in Puerto Rico’s finances and widespread privatization plans, he wrote in a two-page opinion.\nThe judge’s opinion gives ammunition to those investors who doubt the institution’s ability to make headway in private sector restructuring. If the government can’t start all-out privatization as scheduled, bondholders might start asking questions about the debt that has driven so much of the island’s economy and finances.\nThe hearing in Fort Worth, Texas was the start of the first of four preliminary hearings as holders of Puerto Rico bonds pray.\nPrivate equity companies continue to balk at privatizing Puerto Rico because the measure will only affect the largest sovereign loan the island has to date, and have reduced their lending.\nBut a bankruptcy lawyer for the government confirmed late on Tuesday that Puerto Rico is “very close” to joining the Citi bond program. The plan calls for struggling island lenders like Bank of America (BAC.N) and Citigroup (C.N) to refinance three or more debt levels in coming months.\nWhile Puerto Rico’s willingness to look at combining certain large public assets with certain mid-sized ones has been a guiding factor of capital and political support, it has been underrepresented in federal bankruptcy cases, according to the United States Bankruptcy Code.\nYet Reena Azusti, a former U.S. attorney and bankruptcy counsel for the banking group that led the legal fight, said investors would see an opportunity to have a cushy shareholding of government assets.\nShe said lenders and bondholders will have to get a bigger picture on the state debt levels, but companies will have the strongest credit ratings.\n“As the examiner makes those determinations, lenders will see tangible positives, but they will also see negative [subtractions],” Azusti said.\nSILVER EVIDENCE\nThe Puerto Rico bankruptcy court has been more stable this year, with the U.S. judge presiding after the public’s bankruptcy protection was struck down by the U.S. Supreme Court this month.\nBondholders have until July 31 to submit a majority of their bonds for court approval. Though most will settle in a settlement, there could be additional uncertainties about the state’s case management strategy.\nThe prospect of a negative vote for and against new state health care provider Medicaid also has raised worries.\nPuerto Rico shares were down 1.3 percent at $4.93 on Tuesday in New York. Their dividend yield, which includes how much the bonds will be distributed, is 6.8 percent.\nGalen Caplan, chief executive of equities for Macquarie Asset Management Inc (MQG.AX), who asked that the bankruptcy judge postpone the hearing, wrote in an emailed statement that his firm was concerned that Puerto Rico is operating under a “managed situation.”\nPuerto Rico’s lone lawsuit against the U.S. banking giant, named U.S. Bank, seeks full access to loan and property assets.\nThe consumer advocate, Attorney General Mauricio Cardenas, told Reuters in July that the vast bulk of federal pension funds are worried that Puerto Rico could collapse and that they would become strongerholders.\nThe U.S. Department of Justice has filed an objection against Puerto Rico on the terms of its bankruptcy petition, saying the aim of public officials is to “sustained economic support, securities transfer and protected class action status.”\nIn one argument, the U.S. Securities and Exchange Commission said Puerto Rico’s finances “are in need of significant revising to be adequately funded.”\nLast month, Arturo Miranda, who represents several bondholders in the bankruptcy case, said Puerto Rico may face bankruptcy again on Jan. 29.\n']

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http://www.reuters.com/article/us-nyse-exchange-speedbump-idUSKCN18C2UC?il=0

http://www.reuters.com/article/us-nyse-exchange-speedbump-idUSKCN18C2UC?il=0

NYSE wins regulatory approval for ’speed bump’ exchange

['John McCrank']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The U.S. Supreme Court on Friday granted a request from New York’s exchange operator to review the merger of NYSE Euronext’s NYX.N second-tier exchange unit.\nNEW YORK, Jan 1 (Reuters) - The U.S. Supreme Court granted the Federal Trade Commission’s request to review a New York City-based exchange operator’s decision to underwrite its initial public offering.\nThe 4-4 ruling comes as it considers whether NYSE Euronext’s planned $18 billion initial public offering is merited after NYSE’s use of Brooklyn-based OPXLN.O, known as SIX.N.\nThe regulator had argued in court filings that NYSE and OPXLN had a fiduciary duty to properly undertake the deal and that NYSE’s plan violated its obligation to inform shareholders of the benefits and costs of the deal, a New York court at least in part of its argument.\nPensions & Investments, a boutique investor research firm, had argued earlier in the year that NYSE was obligated to advise shareholders of the deal, had relied on OPXLN’s initial prospectus and proper formulae, and in various state appellate rulings because of NYSE’s failure to provide shareholders with reasonable information about its plans.\nBut SEI argued on Friday that NYSE’s interest in keeping the deal on hold has nothing to do with giving stockholders a reason to keep their money.\n“However, the fact that NYSE and NYXLN agreed on the terms of this deal does not rule out the possibility that, at its last conference call, NYSE and NYXLN agreed to refrain from participating in the so-called ‘fiduciary pricing’ model,” SEI said in its filing.\nThe 2nd U.S. Circuit Court of Appeals in New York said in September that NYSE and NYXLN could be required to comply with the right-to-know ruling that made up the share swap exchange’s compliance obligations for the 2000 deal.\nThe case is Federal Trade Commission v. NYSE Euronext LLC, 3-3, No. 14-1340.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKCN18C19O?il=0

http://www.reuters.com/article/us-usa-stocks-idUSKCN18C19O?il=0

S&P 500, Dow end session flat, tech boosts Nasdaq

['Sinead Carew']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - The S&P 500 closed flat on Friday, the Dow Jones Industrial Average and the Nasdaq Composite outperformed a sell-off triggered by the election of a new U.S. president, but the economic data showed weak export growth.\nFILE PHOTO: The S&P 500 e-mini futures trade in New York, U.S., October 11, 2017. REUTERS/Brendan McDermid/File Photo\nThe United States’ far-reaching federal tax overhaul and the release of the new U.S. tax records on Monday will affect Wall Street in the short term, but it will reverberate even after the campaign unfolds.\nBut the health of the economy that led to Trump’s victory has now been trumped.\nInvestors are likely to be “buying” longer term as it weakens sentiment, Pohlad said.\n“Most of the headlines we’ve read at the start of the week that the U.S. economy is stronger than previously thought, and has likely been the initial reason for taking a pause in trading.”\nWhile the Dow topped 1,770 points, the Nasdaq was also 0.55 percent higher, outperforming the correction in the S&P 500.\nThe Dow is set to open 100 points higher.\nInvestors are hoping the incoming Democratic president could rein in some of the current headwinds from the global economy as the tax overhaul lifts corporate profits.\nBanks also found a way to clear the day with a surge in their trading volumes after Trump’s U.S. victory.\nThat helped boost MSCI’s gauge of stock indices .MIWD00000PUS to its highest since last May.\nRetail sales rose 0.8 percent in December from a year earlier, the Labor Department said, suggesting the holiday shopping season started well.\nU.S. President-elect Donald Trump delivers a message after a meeting with Chinese President Xi Jinping at the White House in Washington, U.S., November 2, 2016. REUTERS/Jonathan Ernst\nBut the Office of the U.S. Bankruptcy Judge’s orders have led to an overflow of trading activity over the holidays.\nPorsche shares (PINK:PINKHF.PK) were up 5.1 percent, while General Motors (GM.N) rose 2.9 percent and Fiat Chrysler (FCHA.MI) ended up 1.4 percent.\nBond prices ended the session down across the curve.\nBenchmark 10-year U.S. Treasury notes were yielding 1.191 percent, down slightly from 1.174 percent late on Thursday. The 10-year yield has fallen back to 1.972 percent after falling to 1.944 percent on Thursday.\nOil prices fell as tensions over supplies rebounded amid worries that production cuts from OPEC could be needed to revive the global market.\nBrent crude LCOc1 was down 10 cents at $64.24 a barrel, after touching its lowest since June. U.S. West Texas Intermediate WTI crude CLc1 was down 56 cents at $65.63.\n']

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http://www.reuters.com/article/us-argentina-economy-idUSKCN18C2UA?il=0

http://www.reuters.com/article/us-argentina-economy-idUSKCN18C2UA?il=0

Argentina’s social security agency says deficit to increase

['Eliana Raszewski']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["BUENOS AIRES (Reuters) - Argentina’s pension fund chief, Carlos Brown, said on Tuesday he expects it to reach a deficit of more than 8.5 percent of gross domestic product by 2022, the most recent fiscal data available, saying spending would need to rise by 5 percent to bring the funds into line with current state spending.\nArgentina's pension fund chief Carlos Brown attends a news conference in Buenos Aires, Argentina, October 3, 2018. REUTERS/Marcos Brindicci\nThe Economic and Financial Board of Argentina (ENSBA) that forms part of the pension fund’s management portfolio late last year estimated that it would need to raise about 750 million reais from reserves to help meet a roughly 17 percent gap between current spending and Gross Domestic Product (GDP).\nThe shortfall is the first point of leverage in the pension fund, which has a very small balance sheet of just 4.7 billion reais compared with about 60 billion reais as of June, 2013.\nNow-bankrupt and heavily indebted, the fund is also challenged by plans to sell part of its stake in the Internal Revenue Service, which it owns more than two-thirds of, and to lay off about 3,000 workers to meet obligations, making it a one-time “loss” for the fund.\nBrown said the fund, once it launched its second 3-year global pension scheme - geared at and near retirement age - would need 6.9 billion reais, as economic growth in Argentina has slowed.\n“The need is deep. The debt system is in a state of disarray,” Brown told reporters at the campaign launch of a campaign focused on “Ergo Strips” featuring a picture of citizenry reacting in horror as a kidnapper took him hostage in a Buenos Aires restaurant in 2013.\n“Is it very dangerous for us to be in a pension fund? I‘m afraid not.”\nThe fund is left with about 3.6 billion reais to fund its 2015-2017 funding plans. “Are we going to do it in time?” Brown asked.\nAfter 43 years of uninterrupted growth, gross domestic product contracted a little by 0.1 percent in 2016 and 3.1 percent in 2017, according to the Fitch Ratings arm in Buenos Aires.\n"]

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http://www.reuters.com/article/us-arab-bank-settlement-idUSKCN18C2P8?il=0

http://www.reuters.com/article/us-arab-bank-settlement-idUSKCN18C2P8?il=0

Arab Bank settlement over attacks may hit snag in U.S. appeals court

['Brendan Pierson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["FILE PHOTO: Independent Bank Manager Elvira Marcellini speaks at the bank's Annual World Bank Conference in Washington, U.S., October 31, 2016. REUTERS/Gary Cameron/File Photo\nWASHINGTON (Reuters) - An appeals court in Washington on Wednesday denied Bank of America’s request to halt a settlement for up to $1.6 billion over charges that the bank committed money laundering in an attempt to cover up terrorist attacks on U.S. soil.\nThe Fifth Circuit panel ordered Bank of America to immediately notify the U.S. Treasury, Securities and Exchange Commission and the Federal Reserve that it would be unable to raise such a penalty if the settlement is not approved.\nThe bank is urging the Supreme Court to hear a challenge, which aims to prevent ongoing “windfall profits” by holding banks liable for increasing losses on terrorism investments.\nThe case is Bank of America v. Merrill Lynch and Merrill Lynch Financial Services Ltd et al, which was brought by Bank of America on behalf of the 10 banks seeking to reduce or change a September 14, 2012, prohibition on the bank from making securities that it believes to be a form of currency manipulation.\nAfter the lawsuit gained public attention, the bank reached a revised settlement that included discussions with the SEC and U.S. Department of Justice as well as former Merrill Lynch chief executive John Thain and investment bank Lehman Brothers Holdings Inc.\nThe bank is appealing the decision, which said the bank failed to adequately report its core capital base for any alleged financial failure and failed to adequately “provide adequate mitigations” for any errant borrowers.\n“The Government, represented by the lawyers we accept, has a vital role to play,” Bank of America said in a statement following the ruling. “We have made significant progress and the Court should not delay our decision.”\nBank of America, which has not raised a dime since the original settlement in 2014, said it plans to file a similar request for dismissal.\nThe bank wants the Supreme Court to hear the case on the merits and decide the matter by mid-2018.\nLawyers for Bank of America did not immediately respond to a request for comment.\nThe case is Bank of America v. Merrill Lynch and Merrill Lynch Financial Services LLC et al, U.S. Court of Appeals for the Third Circuit, 10-1143.\n"]

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http://www.reuters.com/article/us-britain-property-idUSKCN18C2U4?il=0

http://www.reuters.com/article/us-britain-property-idUSKCN18C2U4?il=0

London office space rising despite Brexit uncertainty: Deloitte survey

['Esha Vaish']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON, Jan 1 (Reuters) - London’s office space may soon hit a record this year as business and housing prospects improve amid uncertainty over the outcome of Britain’s planned departure from the European Union, a survey commissioned by Deloitte Consulting said on Wednesday.\nOffice supply will likely beat total office supply to increase to just over 7,500 by 2025, according to the survey, marking the first time since 2008 and the second highest annual increase since 2001.\nThe annual output of office supplies, taken from the numbers of firms and their employees who work or live in London, is forecast to rise to over 600,000 and to over 8,100 by 2025.\nThe September-to-November survey shows the annual volume of office supplies in the capital was expected to hit 8 million by 2025.\n“Contrary to what markets are saying, the expected volume and currency impact of Brexit is still very likely. It is currently estimated to be about 30,000, meaning we could see a very material change in supply demand going forward as more firms exit the market,” said Tom Buchanan, chief economist of Deloitte Consulting.\nThe survey comes just a week after the Confederation of British Industry said Brexit may have contributed to the gloom on business.\nDeloitte, which is advising 20 firms on Brexit, said it expects the number of new domestic law firms to increase to between 4 and 5 percent by 2025 from previous estimates, mainly driven by higher tenure (“LSE-to-LSE-tenancy”) and in-house lawyers.\nThe growth in larger firms is likely to accelerate and will lead to a dip in turnover from those firms that are more than 5 percent of firms to a non-existent number, according to the survey.\nCompanies that are not admitted to competitions and can’t compete with London’s larger larger firms like Hummingbird or Ebiquity have made up for volumes shut down by smaller firms based in the capital and abroad, the survey said.\n“The capricious nature of Brexit and sovereign risk expectations will continue to weigh on companies that are typically in favor of putting out large firms and exports,” Buchanan said.\n“It is possible that some firms could exit the market which is causing much noise at a time when confidence in their prospects is high.”\nDeloitte also looks at whether businesses’ outlook and capacity utilisation capacity offers a sustainable yield for their IPO (IPO) fees. (Reporting by Esha Vaish, editing by Sarah Young)\n']

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http://www.reuters.com/article/us-usa-turkey-idUSKCN18C1ZT?il=0

http://www.reuters.com/article/us-usa-turkey-idUSKCN18C1ZT?il=0

U.S., Turkish leaders put best face on ties amid tensions

['Ayesha Rascoe']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. Secretary of State Mike Pompeo speaks on the sidelines of the fourth round of NATO Summit in Warsaw November 24, 2016. REUTERS/Kacper Pempel\nISTANBUL (Reuters) - U.S. and Turkish presidents on Monday began talks aimed at laying the foundations for a close trade relationship between the two countries amid tensions over war crimes in Syria.\nU.S. Secretary of State Mike Pompeo joined Turkish President Tayyip Erdogan in a phone call with Secretary of Defense James Mattis to advance progress in efforts to contain anti-government violence in Syria.\n“A U.S.-Turkish dialogue on the Mideast should lead to the creation of a framework to strengthen (our) partnership between Turkey and the United States to set the stage for an improved relationship between our two countries,” Pompeo said in the call.\nRelations between the two NATO allies have been strained ever since Erdogan said on Sunday that Russia had not done enough to stop the bloodshed and open arms to Syrian Kurds in conflict with Turkey. Ankara’s relations with Washington have been at a high ebb since Ankara welcomed U.S. President Donald Trump’s commitment to NATO to defend the alliance against “terrorist” attacks.\nThe meeting is the third between Trump and Erdogan since last year, following talks in Washington on Monday in an effort to strengthen bilateral ties.\nTurkey was a United States ally after the Cold War and Trump has made it a priority to build ties with the other NATO members to deter aggression against other countries.\nBut Prime Minister Binali Yildirim, who had been lead negotiator in Friday’s talks, told his counterpart Mattis he wanted to reach a “building partnership” in the Middle East, urging him to boost defense spending.\n“Prime Minister Yildirim emphasized that both need to make military spending more affordable, and both need to build financial and economic networks,” a Turkish official said.\nTurkish Prime Minister Binali Yildirim (L) addresses a news conference with Secretary of State Mike Pompeo (C) in Ankara November 3, 2016. REUTERS/Kacper Pempel\n“If at all possible, there should be a rebalancing in the level of defense spending.”\nSince Trump took office, Ankara has stepped up state visits to Trump’s European Union, and is preparing to make a $30 billion refugee deal with Washington.\n']

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http://www.reuters.com/article/us-global-millionaires-survey-idUSKCN18C2SO?il=0

http://www.reuters.com/article/us-global-millionaires-survey-idUSKCN18C2SO?il=0

World’s rich confident they can scale wall of global risk: survey

['Jamie McGeever']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BERLIN (Reuters) - The survey of world’s major economies reveals that many would be happy to quit out of sheer satisfaction if big banks defied their bosses and collectively avoided knee-jerk reactions and piled considerable stresses into growth engines.\n“Today, 66 percent believe that if big banks could either all do well or sell some banks, they would embrace their current policies instead of leaning toward the latter,” the Zurich-based Deutsche Boerse Global Wealth Management (DBW), said on Tuesday.\n“However, it is far from clear that the number of banks that would sell or cut back on global asset allocation within such a move,” it added.\nDBW, which has compiled this year’s annual Global Wealth Report on behalf of Deutsche Boerse, said 69 percent of executives say they are not willing to employ the new “think tank” framework they had set up to sell their clients around the world by providing help with client risk management.\nWhile 1.5 percent said they would consider making the bank exit, 5 percent said it would take 7-8 months to find a “supportive partner” on a global basis, 6 percent would not keep their bank adviser on and 4 percent could be persuaded to take less than their existing advisers.\nOf these options are of a concern to households and investors of the same size.\nThe Deutsche Boerse survey has also shown large signs of interest from households in a key growth theme for 2022: “A New Normal”.\nAmong those increasing their bets on shares at the moment are “we’re back, they’re back”, 41 percent said. But that was down from 63 percent in December.\nRelated Coverage Pressure "back" for big banks to sell assets\nOf those holding shares they still expect their regulators to check if they may be breaking their banking rules, with 11 percent saying they could do so.\nOnly 18 percent said they hoped their regulators would monitor their operations and 40 percent were sceptical.\n“We would have to wonder about whether some banks were sticking with one asset, or part of a larger portfolio, or did the banks think it was a small investment they would undertake so far,” the research quoted Deutsche Boerse chief executive Afrin Laksi as saying.\n“It is a bit unfair to the domestic bank in the global real estate market and if their EU competitors are doing the same,” he said.\nEUROPE\nThe United States, Australia, New Zealand, Canada, Chile, Chile, Estonia, Spain, Switzerland, Norway, Sweden, Japan, Indonesia, United Kingdom, Germany, France, Belgium, United States, and Singapore all have large loans to their local banks, giving them a direct investment in global asset allocation.\n“The amount of investment on their books reflects how important their capital to them is,” wrote Laksi.\nThe researchers suggested they may shift the risk from banks to invest in smaller businesses if customers looking to reduce risk in their portfolios decided to turn their investment into a more integral part of their overall growth plans.\nThey also suggested that a new framework for actively managed portfolios would involve pension plans offering their holdings to every member of their family, so it was likely their pensions would also be liquidated in the event of any leak of data.\nAround the globe “big” banks - especially those with global operations - are among the most vulnerable to problems of a large nature, the survey said. “The attractiveness of their debt units, and their access to mortgages, could outweigh any challenges they may face finding managers to manage them,” it said.\n“Operators struggle when their global efforts collide with executive missteps, public disappointment or poor sales and thus appear under increasing pressure. They also struggle when a large number of others raise concerns or misperceptions, often without much warning,” it added.\nThe survey, commissioned by Deutsche Boerse, polled more than 1,600 respondents across six product areas: finance, asset allocation, asset mobility, corporate equity and foreign exchange trading, financial group advisory and research and communications, telecommunications and insurance.\n']

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http://www.reuters.com/article/us-usa-trade-nafta-idUSKCN18C2IR?il=0

http://www.reuters.com/article/us-usa-trade-nafta-idUSKCN18C2IR?il=0

Trump trade officials prefer tri-lateral NAFTA deal: U.S. senators

['David Lawder']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump speaks during a business conference in San Francisco, California, U.S., November 30, 2017. REUTERS/Stephen Lam\nWASHINGTON (Reuters) - Republicans and Democrats who want to renegotiate the North American Free Trade Agreement said on Tuesday that the U.S. trade negotiators want to split the trans-border free-trade accord’s first provision, enabling North Korea to move heavy equipment and guns into the hands of those who have fled the country, according to a new report.\nU.S. Trade Representative Robert Lighthizer, who took office in January, has said the two sides still have time to agree on a new pact, but he had said the administration would be meeting to discuss the trade rules in the next few weeks.\nRepublicans criticized a Republican proposal for a North American Free Trade Agreement that would allow U.S. manufacturers to export goods and services that North Korea has already forced to leave.\nOne source familiar with the Trump administration’s thinking on the issue of North Korea retaliation said Republicans would prefer to “reverse the non-controversial trade rules that govern trade” that forces China to open its own trade.\n“That’s dead,” the source said. “They want to eliminate the non-controversial trade rules,” said the source, who said U.S. negotiators would likely add a clause on North Korea to those existing trade rules that would allow China to “regulate” trade with North Korea.\nDemocratic Senator Richard Blumenthal, who chairs the Senate Commerce Committee’s bipartisan Senate Commerce subcommittee on trade, said the Trump administration was pushing ahead with a revamp of the North American Free Trade Agreement, but he did not agree with the proposal to split the text of the agreement into two parts.\n“Negotiators have become increasingly frustrated and frustrated and frustrated that no longer will the United States be allowed to set up shop in the various parts of the process that matter to Asia and South Korea,” Blumenthal said in a statement.\nRepublican Senators Jeff Flake and Ben Sasse, two leading U.S. trade negotiators, said they wanted to “continue to bring forward ways that the United States can manage its trade with South Korea and Japan without any mechanism that is inconsistent with these obligations.”\nThe senior Senate Democrat on the Finance Committee, Paul D. Ryan, said he wants to discuss the Trans-Pacific Partnership agreement with Trump but wanted to stop his group from writing a letter to the president in which he personally would want to ask for an extension of talks with Trump.\nLast month, Republican Senators and Democratic Senators pressed for more time to negotiate a new NAFTA deal.\n']

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http://www.reuters.com/article/us-emerging-frontier-investors-idUSKCN18C24L?il=0

http://www.reuters.com/article/us-emerging-frontier-investors-idUSKCN18C24L?il=0

Frontier stock markets draw fresh look as U.S. shares get frothy

['Dion Rabouin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The Stoxx Europe 600 stock index opened at a 12-year high on Tuesday as heavyweight peers from energy, staples and financials lifted the index from a 12-year low hit last week.\nThe European Stock Exchange logo is seen in London, Britain, July 9, 2018. REUTERS/Toby Melville\nCanadian shares were also up for a third straight session, led by mining stocks, while U.S. stock futures also touched fresh a nine-year low.\nThe Dow Jones Industrial Average .DJI rose 13.77 points, or 0.01 percent, to 25,009.72, the S&P 500 .SPX gained 5.10 points, or 0.13 percent, to 2,236.10 and the Nasdaq Composite .IXIC added 12.58 points, or 0.18 percent, to 7,613.21.\nA selloff in the U.S. dollar helped the S&P 500 build on last week’s late-day gains.\nThe benchmark index climbed more than 8 percent in December, its best single-month performance since June 2015, though still far short of its all-time high of 8,885.80 hit on Aug. 4, 2014.\nThe Nasdaq recovered early losses from early losses, but reversed course after a light session that featured short-covering as U.S. President Donald Trump sought to press on with his plan to tax corporate income at 10 percent, as outlined in the market’s policy support program.\nEarnings season at home has featured plenty of earnings surprises, making up the bulk of the information bellwethers and beating analyst estimates.\nEuropean equities also moved in tandem with broad equity markets in recent sessions with broader investors betting on possible tax cut and takeovers from European banks.\nDespite the rally, U.S. stocks’ performance has been modest in recent weeks, with the S&P 500 about 15 points away from its record high set in early November.\nShares of European technology companies were among those that have enjoyed a mild rally this year, but still fallen nearly 2 percent in 2016.\n“We’re concerned by the slowing growth in a lot of the financial sectors,” said Leighton Holdings Chief Executive Patrick Staios, adding investors were also concerned over Europe’s economy and weaker-than-expected corporate earnings.\nStaios is betting on bitcoin, a digital currency used for online payment, as the technology company likely will acquire the financial firm.\n“If bitcoin continues to add to the underlying economy and percolate further, the markets are likely to see higher volatility across the board,” Staios said.\nU.S. Treasury Secretary Steven Mnuchin confirmed the Treasury Department was working on plans to work with drugmakers on possible talks with the Drug Enforcement Administration.\nAmong other stocks, Baidu Inc (BIDU.O) rose 3.6 percent to $511.43 after the Chinese internet company beat investors’ expectations and increased its quarterly revenue.\nGoldman Sachs (GS.N) and JPMorgan Chase & Co (JPM.N) also made late gains.\nJPMorgan added 0.8 percent to $98.18.\nAbout 5.24 billion shares changed hands on U.S. exchanges, below a 6.29 billion average so far this year, according to data from BATS Global Markets.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored advancers.\nThe S&P 500 posted 12 new 52-week highs and four new lows; the Nasdaq Composite recorded 118 new highs and 595 new lows.\n']

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http://www.reuters.com/article/us-usa-trump-comey-idUSKCN18C2Q8?il=0

http://www.reuters.com/article/us-usa-trump-comey-idUSKCN18C2Q8?il=0

Trump asked Comey to shut down Flynn probe: source

['Mark Hosenball']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - White House Chief of Staff John Kelly asked FBI Director James Comey to end a criminal investigation of former national security adviser Michael Flynn, a law enforcement source familiar with the conversation said on Wednesday.\nU.S. President Donald Trump leaves for Springfield, Missouri, January 1, 2017. REUTERS/Jim Young\nMichael Flynn, who has been accused of making inappropriate communications with Russian Ambassador Sergey Kislyak and circumventing his clearance process, was fired on Wednesday by President Donald Trump in a surprise move before he had a chance to join his allies at the White House.\nIt was Trump’s first call to Comey before his stunning announcement, his first apology on the firing of a sitting U.S. president, leaving a vacancy at the top of his powerful intelligence and legal staff.\nKelly told Comey in an Oval Office meeting later on Wednesday that he had begun pulling back from Flynn, calling the ongoing investigation of possible Russian meddling in the 2016 election a matter for the attorney general to decide and be considering.\n“We are going to say no more Flynn, and we’re going to go through with the investigation,” Kelly told Comey.\nThe attorney general is also discussing the matter with Trump’s deputy secretary of state and deputy national security adviser, according to the source.\nKelly is expected to travel to Washington on Friday to meet members of the Trump White House team, and a senior administration official briefed on the matter said late on Wednesday that Kelly felt his meeting with Comey had gone well.\nDespite calls to conduct a criminal investigation into whether Trump’s election campaign colluded with Moscow, Comey declined to publicly comment after Kelly’s meeting, taking a step down from the administration’s mantra of moving on.\n“As we have with Flynn, we made clear to the President the possibility that we would complete this investigation and we will move forward,” said a White House official, referring to Trump’s hesitation about Comey.\nU.S. President Donald Trump leaves for Springfield, Missouri, January 1, 2017. REUTERS/Jim Young\nThe FBI has begun investigating whether Trump was involved in communications with Moscow as part of an effort to help set up a narrative over whether Russia interfered in the election.\nAn unidentified Democratic senator asked Trump to end a criminal investigation into possible collusion between his campaign and Moscow as part of a broader plan to push Moscow to shut down investigation of possible campaign obstruction of justice by Trump associates.\nAs Trump emerged from a crowd of supporters on Tuesday, saying he had a feeling about his decision to fire Comey, attorney general Jeff Sessions said that the Washington congressman’s actions in the Russia probe were a “blow to the presidency” and “one that would be detrimental to the democratic process.”\nThe first Senate hearing on Flynn was scheduled to begin this afternoon.\nSenator Jeff Sessions, Republican chairman of the Senate Intelligence Committee, will be asked whether Trump’s firing of Flynn amounted to obstruction of justice for former FBI Director James Comey, whom Trump fired during his election campaign last year.\nBrett McGurk, a former FBI director, said Trump had no intention of changing his mind and would consider the case open to his transition team, which may include attorney general nominee Loretta Lynch.\n“Do we believe it’s going to be obstruction? Yes. Do we believe it’s going to be a good decision? No,” McGurk said.\nComey has been scathing in his criticism of the White House. He has repeatedly said that Flynn’s ethical lapses meant the former national security adviser was unable to determine whether he had approved Flynn’s contacts with the Russian ambassador, Sergey Kislyak.\n']

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http://www.reuters.com/article/us-usa-trump-saudi-analysis-idUSKCN18C2QO?il=0

http://www.reuters.com/article/us-usa-trump-saudi-analysis-idUSKCN18C2QO?il=0

Trump to reassure Saudi allies, promote business, talk tough on radicalism

['Yara Bayoumy and Katie Paul']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["U.S. President Donald Trump meets with the Kingdom's President Mahdidi Bin Sultan at the King Salman International Airport in Riyadh, Saudi Arabia, January 1, 2019. REUTERS/Essam Al-Sudani\nRIYADH (Reuters) - U.S. President Donald Trump said on Thursday that Riyadh will continue to develop ways to work with Arab countries to help curb radicalism but urged leaders to embrace a cautionary tale in his meetings in Riyadh.\nTrump said he had spoken to Saudi King Salman about long-standing problems in the world economy and the violence in the kingdom that swept through the kingdom of Saudi Arabia in June of last year.\nHe said his conversation with the king involved “all of those countries,” a reference to emerging Saudi Arabian middle classes.\n“They will continue to cooperate with us, we can work on it, we can establish tools and support on a basis to help the Arab states and frankly the Saudi state, ” Trump said in a television interview.\n“I have talked to King Salman. I have talked to his brother and the king have given me some very constructive advice. He says, hey, these problems have been resolved, because I said, ‘OK. We are going to see how far the two sides go. The Middle East has become very dangerous,’” he added.\nThe Saudi crown prince, Abdulla bin Salman, said last week that Saudi Arabia and the United Arab Emirates had embarked on a new initiative to help the local and international community to combat extremist groups, including lone wolves.\nOdd as it sounds, Saudi Arabia’s King Salman made it clear he was very much aware of the heightened threat posed by Islamic State, which he described as “largely a victim” of its new geographic reach.\n“We have to reduce the terrorism threat, particularly in the areas of terrorist organizations in Saudi Arabia. We have also sent a signal that we are very committed to fighting militancy militarily and we are waging war against terrorism,” he said, dismissing reports that Saudi aircraft were training extremist fighters.\n"]

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http://www.reuters.com/article/us-starbucks-outages-idUSKCN18C1WU?il=0

http://www.reuters.com/article/us-starbucks-outages-idUSKCN18C1WU?il=0

Starbucks software glitch takes some stores offline

['Solarina Ho']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Starbucks Corp said on Tuesday that its software software glitch affected 11 of its U.S. stores, affecting computer systems and battery packs.\nSix of the stores reported the problem between Jan. 1 and Jan. 31, while one additional store posted the software glitch late on Monday, Starbucks said.\nSouth Lake Union Mall in South Lake Union, Florida, is seen in this February 13, 2014 photo. REUTERS/Neil M. Caldwell/Handout via Reuters\nNone of the affected stores suffered any serious damage or theft.\nThree stores said they had subsequently upgraded software and could begin using the systems again.\nCustomers at these stores, which include a California Starbucks franchise location in Palm Beach, Florida, were advised to check with their co-workers and to bring their own batteries, Starbucks said.\nThe outage was unrelated to an unrelated security breach last year at Irvine-based Hothead beer store. In both cases, Hothead reported an issue that allowed staff to move liquids during restaurant business hours.\nLast year, the company shut down Hothead’s stores for eight days, after staff found items missing from the store, apparently due to software flaws.\nStarbucks shares were down 0.7 percent at $43.16 in afternoon trading on Tuesday in New York, after earlier rising above $43.00.\n']

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http://www.reuters.com/article/us-cyber-attack-puzzle-idUSKCN18C12S

http://www.reuters.com/article/us-cyber-attack-puzzle-idUSKCN18C12S

Oddities in WannaCry ransomware puzzle cybersecurity researchers

['Jeremy Wagstaff']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - NSA-diversified research into Web server malware is casting doubt over whether both types of ransomware, a dirty trick that allows hackers to spackle an individual’s hard drive without having to initiate a physical attack, may be major cybersecurity threats.\nA U.S. computer security researcher walks through a building in London, Britain June 28, 2016. REUTERS/Neil Hall\nBryan Arment-Olsen and Jurgen Bardebuh told Reuters in an interview on Monday that measures to boost defenses against ransomware are often lethally short and clinical, which include the need to trace and fix infected data before it is struck.\nThey said, however, that their research projects and proof-of-concept tests do add to an existing body of research that attempts to identify those possible attacks and makes a mountain of relevant evidence accessible to the public.\nPreviously, they said, the most advanced weapons to detect such attacks were still a hidden list of CPUs in the Neurone Disease cluster -- code for a polymorphic signature targeting not just computers but other devices such as software.\n“It’s the codeword for code making it into machines. Not at any other time,” Arment-Olsen said.\n“It is data making it into a machine that is the proverbial pencil in the hole. But when a computer needs to understand that data coming out of it, it has the necessary tools to recognize whether it’s really a cipher script or hardware or software.”\nSeveral U.S. Senate committees are expected to make budget cuts to funds for the National Security Agency’s (NSA) current spy programs later this year, especially at the behest of the administration.\nActors Tim Robbins and Regina King are among six Emmy Award winners in the “Fargo” television series for their portrayal of a scheming justice system detective in Mad Men. The other nominees for the TV actor prize include Emilia Clarke and Gary Cole of Fox’s Desperate Housewives.\nCRACKED BUT NO RETURN\nArment-Olsen and Bardebuh wrote a security blueprint for attacks that references a wholesale back door to the Neurone Disease epidemic in upstate New York, with hundreds of cyber outrages routinely posted online. A recent report from the U.S. Symantec security firm said some 44.8 million devices were infected with virus in 2016 and by late November, some 66 percent of all Windows machines worldwide had been compromised.\n“Hackers probably can buy these 4 GB drive paths in about half a million computers and often get very slow and vulnerable,” Bardebuh said.\nThose with access to these drives are used to attack computers, including ones that contain sensitive data or vulnerability positions.\nArment-Olsen said the worm — now labeled “Ransomware” in computer security terminology by the U.S. government and its British arm, Evershed — is completely undetectable.\n“None of the attacks that we’ve seen have hit anything close to a vacuum (of cyber) security,” he said.\nThe growth of new malware, or versions with an altered code, has caused a spike in support for such cyber hackers by rapidly obtaining passwords from hosted and legitimate websites, they said.\nThe U.S. National Security Agency and the Department of Homeland Security recently announced new cyber laws designed to help people take effective action to protect themselves from cyber attacks, potentially clearing the way for more advanced detection and detection of hackers.\nIRAPPOINTMENTS\nThe work by U.S. cyber researchers like Arment-Olsen and Bardebuh can in theory help predict what types of attacks might be most likely to target a computer as well as why.\nAccording to Bardebuh, the technology, which combines basic mathematical processing with additional computer action memory that can be kept in the background for several days before they are shut down, is currently only being used in around a half dozen areas of research focused on cryptology.\n“The challenge is, because so many people are changing their efforts at detecting and stopping attacks, you are only going to see small changes in the physicality of the threats that we’re already seeing,” Bardebuh said.\n“We don’t want to necessarily remove a single one of our tools. We need to identify that, and other advances like these will do that.”\n']

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http://www.reuters.com/article/us-iran-election-idUSKCN18C0YI

http://www.reuters.com/article/us-iran-election-idUSKCN18C0YI

Iran’s re-engagement with the world at stake in Friday presidential vote

['Parisa Hafezi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DUBAI (Reuters) - Iran is being de-listed from the U.S. market on Friday, with the country’s name withdrawn from the list due to uncertainties around an expected upcoming presidential election.\nIn a signal to investors, Iran’s stock exchange, which has been due to introduce a listing for the year, dropped the exchange’s first listing to the market.\nExchange officials said on Monday that Wednesday’s election would be held and that an announcement would be made later in the day.\nLifting the Iranian listing could come as a disappointment to investors. Many have held sway over or had net assets of more than 10 billion roubles, leaving Tehran’s external balance to give political weight to changes within the country.\nThe prospect of Tehran stepping out of the index tallies with the changing political context of many Iranian leaders. Since July, the biggest weakness has been the uncertainty around the election, which has shown little sign of abating.\n“This is not Tehran’s first adventure in listing. We had to depart the stock exchange because of uncertainty ahead of the presidential elections,” U.S. consumer activist Khudesh Singh says.\n“Even if one takes into account Iran’s elections, Iran is basically ruled by a male political clique,” he added.\nThe U.S. Treasury Department has said no new sanctions against Iran can be imposed as long as Tehran “continues to adhere to UN Security Council resolutions, which prohibit its nuclear programme.”\nThat has stalled progress on the Iranian nuclear programme, which Iran sees as a means to developing nuclear energy for peaceful purposes.\nAnnouncing the listings on Thursday, President Hassan Rouhani’s office said the Supreme Leader was behind the move.\n“According to the information we have, on November 22, Rouhani made the decision to face the Syrian Revolution in Russia’s absence and cooperate with international diplomatic efforts,” a spokeswoman at the finance ministry told Reuters.\nThe new listings had been included in the listing’s own initial listing up to September, said Khan Alabbar, the trade specialist at NY Mercantile Exchange, which monitors stock markets in Dubai and Abu Dhabi.\nA leaked draft agreement between Iran and U.S. nuclear deal negotiators allows Iran to re-enter the international market immediately if it has signed other agreements similar to the one that Iran reached with the United States earlier this year, he said.\nIranian President Hassan Rouhani is pictured during a visit to the Trans-Jordan Cultural Heritage Centre in Parchin, Iran June 12, 2016. REUTERS/Ahmed Jadallah\n“The announcement about the re-engagement may bring more financial pressure on Iran to open the market to foreign trade and investment. But the legal certainty of the date and time of announcement is not guaranteed,” he said.\nThe prospect of a re-engagement was aired in 2014 by Riad Haji Ma’s (1980-1985) NGO for Iranians, while his country took third place in 2014 presidential elections.\nBut no major energy or financial sanctions measures are currently being considered to reduce Iran’s negative foreign exchange value, industry insiders say.\nIran has $150 billion worth of non-essential assets in the banking system, including banks and energy, according to the U.S. Treasury Department.\nIran considers its crude exports to be crucial to international security, and Iranian leaders have stressed for years there would be no nuclear deal on its terms.\nRiad Haji Ma’s organisation has also been advocating for a reversal of Iran’s heavy crude exports, saying it could effectively restructure Tehran’s oil sector, which remains state-run.\n']

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http://www.reuters.com/article/us-iran-election-social-media-idUSKCN18C1SR

http://www.reuters.com/article/us-iran-election-social-media-idUSKCN18C1SR

Iran hardliners join social media free-for-all before vote

['Babak Dehghanpisheh']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HUSSEIN, Iran (Reuters) - Thousands of hardliners descended on the country’s parliament on Tuesday to oppose a special presidential vote proposed by President Hassan Rouhani, who in a sign of his growing dissent has taken an outspoken stand against hardliners such as the commander of the military.\nIranian officials say a broad third term for Rouhani, 55, who replaces former leader Shahid Khatami, will usher in a new era of democratic freedoms in the Islamic Republic.\nOpposition calls for the meeting of the High Committee on National Security were broadcast live on state television, raising hopes that the Senate, which is also to be a key meeting in the next weeks, will recognise the legitimacy of the meeting and facilitate wider electoral reforms.\nThe government had been holding a meeting of all the parliament’s deputies in Tehran on Tuesday, where lawmakers were not expected to vote on the bill until Wednesday, when new drafts of the ballot could be submitted.\nBut hardliners, who dominated the two-year parliament, cleared a committee proposing a special presidential vote after Khamenei, Iran’s supreme leader, appointed a panel to draft the law. They had opposed a widely-criticised Senate resolution of Oct. 27 which the opposition had supported.\n“Rouhani and their comrades are reminding parliamentarians in the street of what a massive election in the presidency is and what a new law is,” said a middle-aged man, talking on a cell phone in Huseynish, a district in eastern Tehran, which had a high turnout despite problems connected to air strikes last year.\nRouhani was sworn in on Jan. 4, hours after he won a landslide victory against his Democratic opposition to launch a new round of military force against Islamic State.\nState television showed video of people gathering at the Tehran University where he is to be promoted next week. He is expected to take a brief stopover in Iran’s rugged north, where he is expected to become head of state.\nAfter the new vote, there is a limit to what can be said about Rouhani. Iran’s Supreme Leader Ayatollah Ali Khamenei will be president for the first time.\n“SHIFTING TIES”\nLawmakers pushed through the proposed vote by a margin of 126 to 15. The bill contains changes that could force the central government to return power, change a presidential law by referendum and call a new presidential election.\nAyatollah Khamenei has also asked parliament to approve the bill and that will be carried through on Wednesday.\n“Political parties cannot get together on this bill, nor should parliament ask so,” he has said.\nThe radical Revolutionary Guards have kept a low profile in recent months as they struggle with the effects of fighting in Yemen and the Syrian civil war. Iran does not have formal political branches.\n']

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http://www.reuters.com/article/us-usa-people-letterman-idUSKCN18C2FZ

http://www.reuters.com/article/us-usa-people-letterman-idUSKCN18C2FZ

David Letterman to be awarded Kennedy Center’s Mark Twain Prize

['Ian Simpson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - David Letterman, host of late-night TV show “The Late Show” on the U.S. network CBS, will be recognized on Monday at the Kennedy Center for the Performing Arts in Washington with the Mark Twain Prize for American Americana, the foundation said on Thursday.\nTrump had no comment when asked about the late-night talk show host’s plans.\nThe Mark Twain Prize, whose most prestigious awards are handed out in several ceremonies, includes a $2 million lifetime achievement prize.\nDavid Letterman, who took part in the awards ceremony earlier this month and who was celebrated in television at the National Christmas Party in New York City on Saturday, has presented the award to many of the nation’s leading authors.\nThe award was last awarded in 1996 and was given in memory of Twain by Vice President Richard Nixon, who thanked Letterman for his work.\nLetterman, who has been the host of his third late-night show since 2010, declined to comment on when the award would be announced at a press conference.\nHowever, it is unclear whether he will visit the Washington, D.C., center during Monday’s ceremony, which is being held after he wraps up his seven-year stint on “Late Night with Seth Meyers.”\nCalled for by the United States Bureau of Creative Arts, the Mark Twain Prize honors writers who “have inspired generations of writers, performers, directors, scholars, and others to pursue their creative ideas and scholarship.”\nIt is not a formal recognition for Letterman, who has topped the nation’s ratings with both the show and his syndicated radio show, according to Nielsen Media Research.\nIn October, he told the New York Times he hoped to have some “college-aged” guests at his company’s Jan. 7-9 event.\n“It is not like that,” Letterman said then, later adding, “I don’t think that I would ever want them to see me go out there, sit around a table with those students from Syracuse University, or Harvard or Dartmouth.”\n']

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