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http://www.reuters.com/article/us-nasdaq-tech-data-idUSKCN18C2E0

http://www.reuters.com/article/us-nasdaq-tech-data-idUSKCN18C2E0

Nasdaq launches machine intelligence-enhanced data service

['John McCrank']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Jan 1 (Reuters) - Nasdaq OMX Group Inc launched an AI-enhanced data source website on Wednesday with the aim of offering a new way to quickly predict future financial developments.\nNasdaq, which said it employs more than 3,000 workers in New York City and Seattle, started with three sections to allow the industry to dig into the data a new way.\nTraditional data sources are inactive and inactive again, or stored incomplete and dumped on several providers without telling customers what data they have or have no information about, said Roxanne Levit, Nasdaq’s Chief Technology Officer.\n“What you want to do is get into all the metadata and license numbers of the data sources and that information will be very helpful in a very rich historical context and high quality terms for specific data sources,” Levit said.\nNAIA helps nimble business enterprises analyze the industry to identify trends and trends that may cause future problems.\nNAIA uses a combination of code, code-weighted algorithms and research to analyze tens of thousands of data points and rework documents. It is seen as valuable for banks and other financial companies as they move from playing simple information-crunching games to automation that dramatically cuts power and costs.\nRelated Coverage Nasdaq uses new algorithms to narrow downside risk on credit plays\nNAIA began with a $2 million capital raise of $200 million after spending a total of $242 million in 2014 and taking digital assets to F3, the U.S. securities industry’s biggest investment bank, through the acquisition of Equitas Corp, a deal that valued NIA at around $2.3 billion, according to a regulatory filing.\nNAIA is putting more resources into boosting value of its data source, replacing outdated proprietary algorithms and assets with computer programming methods, Javaid Najafi, NIA’s vice president of securities and Treasury media, said on a conference call. The company declined to give any financial details of its efforts.\nNIA builds computer modeling software by converting model data into CPUs and software by making sense of the data that is required. The company’s assets already contain AI-generated data and are used for transactions, information exchange and many other services, and the changes are not required by the Federal Trade Commission.\nThe company started using automated models for those functions, said Najafi, who is based in New York City.\nNAIA uses data from multiple platforms including competitors and Internet giants like Google and Facebook for its business model, meaning it can identify trends and trends that could raise problems for organisations and individuals.\nNIA’s existing data can be applied to a wide variety of collateral management, securities brokerage and derivative products, and can also predict future big events, including large capital market transactions, who is in a position to buy them and when to sell them.\n']

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http://www.reuters.com/article/us-usa-wikileaks-manning-idUSKCN18C25U

http://www.reuters.com/article/us-usa-wikileaks-manning-idUSKCN18C25U

Manning leaves prison to a U.S. more accepting of transgender identity

['Daniel Trotta']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Three years after his arrest for the murder of a transgender inmate who was born a male, NFL star Matthew Manning put pen to paper on his life after it appeared he would undergo “remarkable” medical treatment.\nManning, 35, who joined the Philadelphia Eagles before the 2016 season, entered a grand jury early on Dec. 18 and was charged with first-degree murder in the January 2016 death of inmate Sal Black, which police say he mistakenly took.\nBlack’s family had accused Manning of assaulting his mother when she accompanied him to the start of training camp, although his father eventually said he did nothing to any abuse. Black’s family called off the trial, saying the guilt of Manning’s actions had not been proven.\nManning, however, stared down his case, refusing to hold his name in the courtroom and walking over to his defense team for comment.\n“I told them, ‘Look, we’re not here. You’re being condemned,'” he told The Philadelphia Inquirer in November after the charges were dropped.\nManning had been in prison a week before the shooting and spent nine days at a women’s jail in the city’s south suburbs of Philadelphia.\n“It was very evident,” Black’s family attorney Hal Heft said. “For four months, I was concerned, worried, and deeply at home. He needed relief.”\nInitially, prosecutors pleaded for no prison time. Two weeks later, a federal judge freed Manning, but lawyers in the state of Pennsylvania had argued that his underlying medical problems must have killed him.\nA defense attorney for the state of Pennsylvania argued that state laws preventing government medical facilities from providing psychiatric care to inmates provided inferior care to Manning, only to the contrary.\nA lawyer for the state’s medical facilities called the pair of defendants “a lack of substance to their grievances” and suggested that “no one is ready or willing to provide appropriate treatment for the mentally ill under Pennsylvania’s … federal law.”\nAfter that court appearance, the country’s main U.S. district court for the eastern district of Pennsylvania ruled that no further use of the bar code was justified. After seeing U.S. District Judge Roger Vinson in Philadelphia back in October, Vinson ruled that prisoner Black’s brutal act was justifiable under the bar code.\nManning, a Philadelphia native, pleaded guilty to first-degree murder in the killing of Black in October, but spent the majority of his prison time in jail awaiting trial. He did not appear in court on Wednesday.\nThe haphazardly-mired case gained national attention because of his alter ego and often since the event, he became known as “Bo” after being drafted into the Eagles’ high school football team. In 2016, Eagles fans protested an earlier defense lawyer in the case, calling it “Bo Manning.”\nHis turn in the courtroom on Wednesday marks the first time he has had much public attention for the law.\n“I’m going to be present and I’m going to be there,” said Manning when the verdict was read. “There’s nothing wrong with me or anybody else. It’s just me.”\n"]

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http://www.reuters.com/article/us-jpmorgan-meeting-idUSKCN18C1ZB

http://www.reuters.com/article/us-jpmorgan-meeting-idUSKCN18C1ZB

JPMorgan’s Dimon defends Trump advisory role, deregulation

['Dan Freed']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Senior JPMorgan Chase & Co executives defended Chief Executive Jamie Dimon’s views on diversity and improved transparency on Tuesday as Donald Trump sought to bolster critics’ push for Trump to crack down on Wall Street.\nJamie Dimon of JPMorgan Credit Corp speaks to the media as he arrives for the JPMorgan and Chase annual general meeting in New York, U.S., October 7, 2018. REUTERS/Brendan McDermid\nTrump has called for enhanced economic regulation and urged banks to hire more women and minorities. Dimon, a firm veteran in the bond industry, said last week he would make his views public to help safeguard trade and hurt long-term investors.\n“I don’t see myself as a trustee of any external regulation,” Dimon said at an event sponsored by the Economic Club of New York in New York. “There are lots of things we can do to improve our laws.”\nBut he called for improving privacy and information safeguards at banks and regulators to help regulators better oversee risks.\nFaisal Shahzad, a JPMorgan board member and former employee, said the bank did not expect to see fines from Trump but that banks “will be paid” to provide more transparency.\n“The only person who would blame is the bank itself,” Shahzad said. “The bank sees Dimon as a surrogate.”\nJPMorgan’s personnel policy, its own published quarterly results and other factors are rarely seen in a finance executive’s public public face. While Dimon was promoting through a news conference in mid-December, his personal manager, the American Express Co unit, didn’t appear at the same event or visit the bank’s New York headquarters.\nAt the time, the bank’s S&P 500 stock index was down 8 percent since Trump took office.\nTrump has also called for better information sharing and a push for greater disclosure of foreign bank assets, which could help him target foreign governments. The bank has told shareholders that there will be no new executive compensation reforms for the period January 1, 2021.\nThe comments came as Trump castigated Wall Street for failing to address the root causes of economic inequality. “The old Hollywood game where everyone loses (my cash), everybody wins, everybody pays less, everybody pays more, everyone hires more than they had zero years ago, everybody gets burned, nobody wins (my take on),” Trump tweeted in November.\nDuring a Jan. 30 meeting with Chinese President Xi Jinping, executives stressed that China was open to diversifying its economy, which they see as its major foreign growth driver.\n“I believe the Chinese economy is going to grow 12 percent,” Dimon said. “I don’t expect any more hiring practices. We are trying to diversify our economy.”\nTrump also said in a joint interview with Business Insider in December that he thought the five biggest banks in the United States should be allowed to do business with countries with an infrastructure deficit, which has hampered economic growth.\nTrump added during the Jan. 30 interview that the bank couldn’t work alone to help improve the economy.\nWhile Dimon argued that banks shouldn’t be encouraged to start conducting business with other countries, he said there were other countries’ banks that could do business with “more quickly and with less guilt.”\n']

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http://www.reuters.com/article/us-google-privacy-court-idUSKCN18C1QX

http://www.reuters.com/article/us-google-privacy-court-idUSKCN18C1QX

EU judges to tackle ’right to be forgotten’ again

['Julia Fioretti']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BRUSSELS (Reuters) - A new draft law to combat “the right to be forgotten” in European Union law would combine a France-like “original intent to be right” to be forgotten, a reminder that the law is still being reformed to protect the rights of refugees and migrants in EU countries.\nA government official told Reuters on Thursday that EU law is yet to be amended since its draft came into force earlier this year and that would make the law a “permanent amendment”. The law would remain in force from 2018.\nSome EU countries, such as Denmark, Belgium and Iceland, have already taken steps to allow greater checks and electronic services that would “ensure that the right to be forgotten and join the services of the Member State in complying with the law is properly maintained”.\nThe French law would provide stronger protections to people held in common-law prisons or jails, often unfairly excluded from payments to help with ID cards and other official paperwork that guarantees an individual’s privacy.\nA system of appeals would be set up, leaving the courts to judge claims. But the draft law could lead to judges issuing orders to exclude another person who raises a legitimate fear of losing their membership of the group’s member state but faces “specific and concrete harm”.\nAEU expert, Sebastian Thiago, told Reuters the proposed reforms would reduce the prospect of being challenged in court by people from many immigrant countries.\n“This is a first step. It basically states that which is the past and which is the present will be stripped away,” Thiago said.\nDelegates from every EU country, from Poland to Hungary, say they hope the proposed legislation will lead to narrower legislation, but that the issue of “right to be forgotten” should not be part of the debate.\n“We clearly don’t want the right to be forgotten, that is what European countries worry about,” said Sabine Shielzkiewicz, of the European Commission.\n“But the downside is that a fresh set of proposals would also give them less flexibility to approve protected legislation,” she said.\nThe draft law is expected to go before Parliament next month.\n']

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http://www.reuters.com/article/us-usa-congress-regulation-exclusive-idUSKCN18C1T5

http://www.reuters.com/article/us-usa-congress-regulation-exclusive-idUSKCN18C1T5

Democrats in U.S. Senate try to slow Republican deregulation

['Lisa Lambert']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Republican Senators can bully the U.S. government into achieving President Donald Trump’s goals for deregulation by not having to make the same concession to Republican control of Congress, according to a document released on Wednesday.\nThe five-page document says that dozens of potential savings should be used for consumer and tax relief for low-income families, while also describing measures to do away with industries that have dominated decades.\nCritics say the document highlights the reach of Democrats and Republicans will block even the biggest provisions in the bill, along with the proposed changes to a guest worker program, and threatens to take away patents and access to affordable technologies.\nIn recent years, Democratic moves in Congress have slowed the progress of large deregulation bills that have helped gridlock the 2016 presidential election and strengthened Republican control of Congress.\nThe document, issued by the Republican Study Committee, also says that Republicans should “reconsider the incentive to impose the same regulations for families under Obamacare that have led to universal coverage and a reduction in the cost of coverage for individuals.”\nTrump has traditionally displayed great reluctance to support deregulation for the benefit of Americans. Republicans refused to support tax cuts in the Republican-controlled Congress before President Barack Obama left office.\nDemocrats would like to limit the impact of the House of Representatives’ failure to pass a key health care package in late 2017 to about two years.\nThe Trump administration has repeatedly argued that any concessions to its objectives are worth changing and the consequences will not only be more expensive and harmful, but will also drive up taxes and restrict “income equality.”\nSenator Debbie Stabenow, one of the authors of the document, told Reuters: “The conversation should not be, how do you be America’s voice on behalf of the poor? Is this the only way to make Trump accountable and their wealth?”\nGrassroots activists are calling on Trump, who has vowed to dismantle Obamacare, to delay or cancel the Senate-passed legislation.\nThe outlook for deregulation remains unclear because of the uncertainty surrounding what is a massive proposed tax overhaul Trump has promised to deliver through his various Cabinet picks as well as his planned steel tariffs.\nAt a rally on Wednesday, the former chief of staff of President Barack Obama, John Kelly, told supporters that “great wealth seems to be linked to a strong economy.”\nTrump will finance a $1 trillion tax cut through corporate tax cuts and repealing a law that cuts tax rates to 35 percent from the current 39.6 percent for individuals and business.\n']

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http://www.reuters.com/article/us-merck-restructuring-idUSKCN18C12G

http://www.reuters.com/article/us-merck-restructuring-idUSKCN18C12G

Merck KGaA considers making divisions legally separate subsidiaries

['Ludwig Burger']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['German drugmaker Merck KGaA announced plans on Tuesday to separate its pharmaceutical division into two public companies, giving the division a two-year period to get ready for full regulatory approval.\nThe move will create an umbrella organization in which the structure of the drugs divisions and their subsidiaries will be comprehensively separate.\nThe aim is to have the two companies functioning efficiently, allowing them to invest more money in them than before and to do so in a lower cost structure.\n"It\'s too early to say whether the subsidiary names will be named from a joint management process but it would be a good step for our shareholders," Biennale Joeshu told journalists at the event in the snowy Kalkaya resort on the island of Novorossiisk.\n"The new umbrella will be formalized over a six-month period."\nThe structure of the new entities would avoid conflict with the management decisions made by the German company and a joint board.\nMerck KGaA has already worked with small- and medium-sized drugmakers around the world to ensure they are operating fully within its own structures.\nIt remains unclear whether KGaA would change its name and structure once it has been chosen as sole owner of the subsidiary, since it has been acknowledged by regulators.\nMunich-based Biennale, which is organizing the event on Kalkaya, said shareholders will vote on the merger on March 22 in Europe and Poland.\nThe companies are expected to release a full joint public statement in coming days.\nPOTENTIAL HEADACHE\nChief executive Stephane Maillard said the restructuring and separation of the pharmaceuticals division would be "very central to corporate governance."\nThe drug companies last year raised their annual dividend payments to shareholders to 15 percent of sales.\nThe merged companies would hold in excess of 1 billion euros in bonds that could ultimately be redeemed by the maker of Pfizer\'s Viagra and Johnson & Johnson\'s Johnson & Johnson\'s (JNJ.N) Dow Chemical Co (DOW.N).\nOn Tuesday, a handful of biotech players also called on shareholders to vote to hold the pipeline of Vytorin, the German-made drug that once divided about 300,000 people.\n"This is a logical approach because it provides us with flexibility to respond when certain conditions require and maintain a healthy organization," Alfalfa analysts wrote in a note on Tuesday.\nIf shareholders will decide they wish to manage the new unit or split it into two separate companies, the dissolution of the joint management structure would allow a break-up and lessening of the company\'s shareholder conflicts.\n"There is room for separation, so just as shareholders, we have very different interests." Biennale Chief Executive Franz Hetzner, who helped move the company from a unit called Janssen into a separate division.\n(Additional reporting by Soyoung Kim; Editing by Mark Potter)\n']

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http://www.reuters.com/article/us-usa-trump-idUSKCN18D1XT

http://www.reuters.com/article/us-usa-trump-idUSKCN18D1XT

Former FBI chief Mueller appointed to probe Trump-Russia ties

['Julia Edwards Ainsley and Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Former FBI Director James Comey will be the next highest-ranking official to head the bureau, an unusual twist after a close ally of President Donald Trump was removed from the job last month.\nFormer FBI Director James Comey's (L) is heard arriving at FBI Headquarters in Washington November 23, 2016. REUTERS/Aaron P. Bernstein\nOne of Trump’s former top officials, James Comey, told reporters that Mueller will succeed him and added that the top FBI official “deserves the support of his colleagues.”\nComey left the FBI in June after six months on the job to focus on charges that he misled the Trump administration over the former FBI director’s Russia contacts and the extent of his inappropriate relationship with then-Russian President Vladimir Putin.\nComey’s departure and a report last week that FBI Director James Comey had been taken off the agency’s payroll to take a job with Trump’s Justice Department sparked the impeachment of Trump.\nComey retired as FBI director in July. He was not on a probe that probed ties between Trump and Russian President Vladimir Putin that Trump is alleged to have had during his presidential campaign.\nMueller’s appointment by Republicans on the House of Representatives Intelligence Committee should cause alarm in Trump’s office. Trump and his aides denied the news before the election, writing in an audio recording that Mueller did not “want to embarrass or cause anyone to be unhappy” with him.\nWhite House officials called the news of Comey’s dismissal “a significant blow to the White House.”\nIn a tweet after Comey’s resignation, Trump’s campaign acknowledged Trump disparaged Comey but said it was not part of the arrangement that had developed between the president and Comey.\nPresident Trump rejected a report last week that said he had withdrawn the authorization for Flynn to testify under oath in connection with Russia-U.S. intelligence dialogue.\nFlynn’s allegations in the congressional report that he spoke highly of Russian President Vladimir Putin were dismissed by the White House as a “dumbass lie.”\nEVERYTHING IN TRADE\nThe White House was also dismissive of the Nunes memo, now a focus of Republicans’ inquiry into what led to Comey’s resignation.\nThe two most high-profile congressional committees have already subpoenaed the full House Intelligence Committee to investigate allegations that the Trump campaign colluded with Russia while Trump was in office.\nThe Republican members of the committees said they were reviewing that case to see if it should go forward. On Tuesday, House Speaker Paul Ryan said the committee would take up the investigation.\nOn Wednesday morning, House Judiciary Committee Chairman Bob Goodlatte, a Republican and a former top federal prosecutor, tweeted: “We’re starting to wrap up this presidential investigation into Russia. Consensus cannot be reached here.”\nThe FBI’s firing, which followed a series of politically explosive events in the Trump administration, has polarized the nation and reignited concerns about Russian interference in the 2016 presidential election and foreign influence on U.S. politics.\nComey spent nearly four decades in the FBI. He came to the department in the wake of the death of U.S. intelligence whistleblower Edward Snowden, who had accused the FBI of focusing more narrowly on the Russia-U.S. relationship than combating alleged threats to America’s political system.\n"]

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http://www.reuters.com/article/us-usa-trump-odds-idUSKCN18D2E5

http://www.reuters.com/article/us-usa-trump-odds-idUSKCN18D2E5

Trexit? Online bettors play early end to Trump presidency

['Angela Moon and Alistair Smout']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. online start-up Beto Stavisky, co-founded by Donald Trump’s campaign manager Corey Lewandowski, said on Friday that his bettors had put a bet to the end of the U.S. presidential election and that they were becoming more comfortable with it as part of the rush of information on President-elect Donald Trump and his team.\nFILE PHOTO: A worker scoops up a buy-one-get-one buy-one-free cereal at a cereal factory in Papua New Guinea, December 30, 2016. REUTERS/Stringer/File Photo\n“Participants who participate in the online bettors bettors now must have some basic structure to their money,” the 40-year-old, self-described “serial investor” said in a blog post.\nUnder the new rules, most U.S. internet betting and betting-on sentiment funders make it a mission to target Trump’s supporters and send them money faster and more quickly than those who control their wealth.\nWith one in 10 U.S. internet-betreversal bets a dollar or more of their value in the final day of the vote last year, Mr. Stavisky said Beto Stavisky estimated between 2 million and 3 million Americans had already played their traditional or online betting method.\nBut many traditional bettors, most of whom were blind to the Trump team’s strategy of moving the pieces around before the election, are taking to the dark side of the internet.\n“It’s been amusing lately that young people are giving away money in election campaigns and old Americans are doing it on their heads,” Mr. Stavisky, president of The Founders Group, told Reuters.\nA bonanza for investors had just come in the wake of Trump’s promised raid on the political left, rolling out new rules on offshore tax avoidance, badgering banks that might have bet against him, and requiring banks to report those deals to the U.S. Internal Revenue Service.\nFrom January 23 to January 25, Beto Stavisky’s clients also delivered $2.1 million worth of government-backed economic policy proposals, including the so-called temporary restrictions on foreign investment in the United States, The Founders Group said.\nHis followers reported steady returns of about 5 percent in several weeks after three of the opinion pollsters gave a thumbs-down to the electoral victory for the Democratic nominee, Democratic Senator Bernie Sanders.\nMr. Stavisky’s team said that their betting strategy was overwhelmingly successful, meaning that the opponent did not even have the pretense of a victory without impact on poll and firm opinion.\nThe clients that had previously tamed the campaign trail and had finished with the campaign earlier this year included millennials with tech backgrounds and former Virginia Governor Jim Gilmore, a Democratic U.S. Senate candidate seeking to bring home the House of Representatives from Virginia.\n“It was very well received,” Mr. Stavisky said.\n']

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http://www.reuters.com/article/us-cyber-attacks-nsa-legislation-idUSKCN18D2WK

http://www.reuters.com/article/us-cyber-attacks-nsa-legislation-idUSKCN18D2WK

U.S. cyber bill would shift power away from spy agency

['Joel Schectman']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A locked computer is seen in an undated file photo. The Obama administration proposed legislation that would give the National Security Agency, a powerful domestic agency that mainly targets “cyber pirates” and hackers, the chance to shift some of its commercial IT operations out of the agency to counter surveillance techniques, an executive order was submitted to Congress on Friday. REUTERS/Mike Theiler/Files\nWASHINGTON (Reuters) - The Obama administration proposed legislation on Friday to shift some of its commercial IT operations out of the agency to counter surveillance techniques, an executive order was submitted to Congress on Friday.\nUnder the proposal, the U.S. Cyber Intelligence Sharing and Protection Act would create a special “rule of law” to prevent federal agencies from gathering and sharing information about computer vulnerabilities that may be vulnerable to interception, blocking access or compromise sensitive computers without obtaining written approval.\nThe idea is supported by the nonpartisan Congressional Research Service (CRS), which estimated in January that the cyber security measures contained in the law would collect 65 percent of all data from all computers with significant computing power -- 1.9 billion to 3.8 billion users -- that could be accessed for malicious purposes.\nU.S. President Donald Trump’s administration has been criticized by some privacy groups for pursuing the country’s most secretive surveillance programs, especially against terrorism and cyber criminals, without prior government approval.\n“This proposal is another clear way to prevent government agencies from regaining control over U.S. computer systems through cyber theft,” said Marc Rotenberg, a member of the CRS cybersecurity advisory board.\nThe National Security Agency has said that the reason it relies on private telecommunications companies for sensitive data is for security reasons, and that the agency could find itself shutting down computer networks and other systems in response.\nThe White House said a lot of the proposed changes were necessary to avoid that risk. “They would focus on areas which are specific to digital systems of government, and track those that are vulnerable to attack by malicious adversaries, and to protect the weakest people from cyber theft and cyber attacks,” White House spokesman Sean Spicer said in a statement.\nA draft of the proposal was finished on Friday night, the department said. The amendment would give the White House more control over how the agency collects and uses all of its data.\nUnder Trump’s proposed law, the U.S. intelligence community would be barred from turning over financial or other evidence about suspected or alleged crimes.\nThere is already a statute of limitations in Congress and the U.S. Supreme Court is reviewing an Obama administration complaint that said the intelligence community could not shed light on allegations that eavesdropped on Democratic presidential candidate Hillary Clinton’s private emails during her presidential campaign.\nThe proposed law could serve as a gray area as the three departments and agencies involved in monitoring civil cyberspace for cyber-criminal activity may have different interests, said congressional intelligence official Chris Vlasto, a legislative expert at the Electronic Frontier Foundation.\nThe law would be more than enough to block cyber-targeting of national security information, the officials said.\nWhile there was some doubt that Americans will actually take the law up on its head, the experts said it could be argued that Americans were using it to hunt down potential cyber terrorists in the U.S. cyber attack arena.\n']

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http://www.reuters.com/article/us-michigan-mutilation-idUSKCN18D2Z0

http://www.reuters.com/article/us-michigan-mutilation-idUSKCN18D2Z0

Michigan Senate votes to outlaw female genital mutilation

['Steve Gorman']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The Michigan Senate on Thursday voted to outlaw the practice of women undergoing genital mutilation (FGM) - the practice of cutting, amputating or burning or having abortions to preserve their health - according to the American Civil Liberties Union (ACLU).\nA photo illustration shows female genital mutilation, a method known as female circumcision, in front of a tent in Sarathfah August 27, 2014. REUTERS/Ruben Sprich\nThe bill is the latest attempt by Republican Governor Rick Snyder to curb women’s economic and medical access to the procedure. FGM is banned by state law. The procedure is seen as a sign of religious persecution and is practiced in many Muslim countries, including Afghanistan, Pakistan and Afghanistan.\nAfter years of efforts, lawmakers in November said they were ending “standard practice,” in that the law would outlaw the practice of female genital mutilation (FGM) for women and male genital mutilation for women between the ages of 15 and 20, or between 21 and 25, and for both men and women.\nBut the bill does not violate the U.S. Constitution.\n“These laws are forcing the health and safety of people who have the practice of FGM onto them,” said Democratic Senator Robert Wexler of Great Lakes County, who introduced the legislation.\nMany women who undergo FGM have a family member who is undergoing the procedure, and many of the procedure’s participants say they know of a relationship with a male relative and that they have saved themselves, often by taking the procedure with them, to preserve their health.\n“A lot of women were too afraid to do it,” said Shannon Rankin, 24, of Detroit, who underwent the procedure at a community center in Foley, Michigan. “I think now they do recognize that they are not exempt from the law.”\nKathryn Gaylor, 31, also of Detroit, was one of the few women to have a close relationship with a male relative after undergoing FGM, adding to the sense of pride she felt at having managed to save herself as a young woman.\nSlideshow (4 Images)\n“I feel like I have had my own problems,” Gaylor said. “I have been terrified by people going around telling me, ‘Oh, you are an illegal FGM physician.’”\nLawmakers voted on a motion that said the legislation would not apply to prosecutors and public defenders because the practice is medically necessary.\nThe ACLU said the law also discriminates against children born to unmarried women and imposes a “grave hardship on women whose health is at risk,” damaging family members, and having a negative impact on low-income and immigrant women, especially those living in urban areas.\n“This law was created with singular intent to limit the social safety net that is available to women and others with medical conditions such as childbirth,” Jeffrey Buhler, a former Department of Justice attorney in New York, said in a statement.\n']

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http://www.reuters.com/article/us-usa-navy-corruption-idUSKCN18D2YU

http://www.reuters.com/article/us-usa-navy-corruption-idUSKCN18D2YU

Former U.S. Navy admiral sentenced to 18 months in bribery scandal

['Bernie Woodall']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LITTLE ROCK, Ark. (Reuters) - A former U.S. Navy admiral was sentenced on Thursday to 18 months in prison for soliciting kickbacks to help open a construction project without the approval of the U.S. Senate, the Senate confirmed to be confirmed on Thursday.\nJohn Leggatt, who served in the Navy and as a major in the Seventh Fleet, was sentenced in U.S. District Court in Arkansas, where he pleaded guilty in August to one count of conspiracy to commit mail and wire fraud, more than 20 years in prison.\nThe plea deal “prompted the sentencing of Leggatt and will send a message that criminal conduct and potential criminal charges must stop,” said the office of U.S. Senator Mark Warner, who was the Senate’s ranking Democrat on the Homeland Security and Governmental Affairs Committee.\nLeggatt was viewed as a potential candidate to be Secretary of State and was twice ousted as the Navy’s top admiral in 2010 and 2013.\nLeggatt’s sentencing drew national interest because he had served in an active-duty military unit in the Philippines, where he was a minister, before the Senate.\nLeggatt, 53, was also ordered to pay the Senate up to $16,600 in restitution and to pay a $250,000 insurance premium.\nCalls and emails from Reuters to U.S. Attorney General Jeff Sessions’ office seeking comment were not immediately returned.\nFor the Senate’s confirmation vote, the United States Senate committee included two statements from Democrats that criticizing Leggatt as a private citizen might be unfair.\nSessions said the Senate has had a “compelling relationship” with House of Representatives Republicans. The statement, written by Senate Majority Leader Mitch McConnell of Kentucky, said Senate Republicans have been “pressing the wrong things” to fix a broken Senate process.\nBut the judge countered that “this committee’s process has not been capable of fixating on aspects of which it is unwilling to take responsibility.”\nHowever, Leggatt told the judge on Thursday that he is “100 percent innocent” of any wrongdoing and pleaded guilty to all the charges.\nLIEUTENANT LEAVES BUYING SCHOOL SYSTEM\nLeggatt’s sentencing represents the second time the Senate has sent him to prison for the criminal charges after two Democrats were convicted of similar crimes.\nThe former Navy admiral was charged in July when he in March went on trial in state court in the same South Carolina town where he served. He pleaded guilty and was sentenced to five years probation.\nIn November, a fourth Democratic senator had his conviction overturned after a grand jury held a preliminary hearing.\nSen. Tim Kaine, an independent from Virginia who had chaired the Senate Intelligence Committee, resigned and the seat was left vacant after former Senate Majority Leader Mitch McConnell decided not to replace the departing McConnell in March.\nSenator Orrin Hatch, the Utah Republican who had been nominated to succeed the retiring McConnell, resigned two months before the former admiral was brought to justice.\n']

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http://www.reuters.com/article/us-japan-economy-gdp-idUSKCN18E00V?il=0

http://www.reuters.com/article/us-japan-economy-gdp-idUSKCN18E00V?il=0

Japan’s economy expands at fastest pace in a year in Jan-March

['Leika Kihara and Minami Funakoshi']

01-01-2021

reuters.com

success_wayback

gen

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['TOKYO (Reuters) - The economy accelerated at the fastest pace in a year in the first quarter of the year as stronger export earnings boosted domestic demand, a data set released on Thursday showed.\nA worker is pictured working at a technical research warehouse in Tokyo, Japan October 5, 2016. REUTERS/Toru Hanai\nJapan’s economy grew at a robust 5.3 percent annual pace in the January-March quarter, adding to signs that growth was gathering steam from abroad and from a broad rebound in business investment in the vast export-reliant economy.\nThe data raised expectations that the Bank of Japan would scale back its stimulus measures to accelerate growth in the second half of the year, a rare chance to monitor Japanese economic activity after a weaker-than-expected reading of trade data on December.\nThe government expects growth to moderate to 3.5 percent in the second quarter, although some economists expect growth to be close to 2.5 percent. A Reuters poll of 19 economists last week predicted the BOJ would pull back more than the most aggressive monetary stimulus since the late 1990s.\nStronger export data helped push the Nikkei .N225 up 1.8 percent by midday and was the biggest daily gainer on the Japanese index. Data this week showed a bigger-than-expected decline in export orders, particularly at machinery, after three months of growth last year.\nAnalysts, however, have questioned whether data on factory activity will support the BOJ’s two-pronged stimulus plan of further asset purchases and a weaker yen.\n“The data show that manufacturers continue to see strong business investment, but they’re not as optimistic as we might have thought. But the government’s new stimulus programme will probably be on hold if the data deteriorate,” said Masayuki Sato, chief economist at Nomura Securities.\nEconomists predicted the government would announce plans later this month to roll out one of its first round of quarterly data releases, perhaps in the second quarter.\nThe data showed the overall economy increased by a modest 0.2 percent after moderating in the previous quarter.\nThe economy’s net trade surplus narrowed to 0.8 percent of the GDP in the January-March quarter, revised down from 2.2 percent in the previous quarter, data showed.\nThe trade balance for the fourth quarter held at its smallest since January 2009, as the rest of the world’s economies contracted.\nThe economy accelerated at a faster rate in the December quarter, suggesting business investment in the second half of the year was picking up and taking into account weakening currencies, while a revived stock market was also helping to boost the economy.\nThe official unemployment rate fell to 7.8 percent in the first quarter, the highest since the end of 2005, from 7.9 percent in the final quarter of 2015. The BOJ will release its latest monetary policy statement later on Thursday.\n(This version of the story has been refiled to change quote in first paragraph in this article to note it reflects the expected BoJ announcement)\n']

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http://www.reuters.com/article/us-venezuela-politics-idUSKCN18D1UN?il=0

http://www.reuters.com/article/us-venezuela-politics-idUSKCN18D1UN?il=0

Venezuela sends 2,000 troops to state hit by looting, protests

['Anggy Polanco']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CARACAS (Reuters) - Venezuela sent 2,000 armed troops on Monday to help prevent looting from groups of tourists living in the capital Caracas from getting their money back after they found looting in cafes and malls.\nDemonstrators stay in a cafe cafe after the government of President Nicolas Maduro led by his ally and most-powerful ally, Henri Falcon de Silva, called for the ouster of opposition leader Hugo Chavez, who they accuse of corruption and mismanagement.\nThe rioting started after Maduro said on Wednesday he would restore security to the OPEC member state following the murder of top oil executive Carlos Slim in a phone call, prompting uproar in Venezuela’s OPEC allies as well as foreign investors.\nPresident Nicolas Maduro told an EU diplomat in Caracas on Monday the protesters were seizing government equipment, but no weapons were found in the capital.\nThe government has focused on preventing looters from re-entering the cobblestone streets of Caracas, where more than 500,000 people gathered in the eastern city of Eutel on Friday to protest against Maduro.\n“Venezuela sends a very strong military in to help Venezuelans with these unprecedented needs,” Foreign Minister Antonio Guterres said in a statement.\nThe government of President Nicolas Maduro, and the wealthy former diplomat Jose Mujica, have cracked down on looting and hit home discontent with Venezuela’s economic crisis as well as shortages of food, medicine and energy, which has risen to second- and third-tier levels, unemployment surging and the country’s energy sector almost devoid of reserves.\nThe government said over 130 people were injured, including those injured in Barcelona and Valencia. About 20 percent of unemployed Venezuelans live in emergency shelters, according to a report by the Caracas Economy Bureau.\nSome of the nearly a million people holding anti-government protests estimated by a Venezuelan news site to be in Caracas and they have demanded that Maduro step down. They said they had fallen prey to looters and had found bodies, adding that 17 people, including policemen, were missing.\n“We have had financial, political and diplomatic problems since the start of the demonstrations in Caracas, but not much is being done to try to protect citizens from criminals,” Guterres said in a statement to Europe-Latin America Network, a nonprofit organization based in Washington.\nThe government appeared to back down in Caracas on Sunday, blaming the violence on fraudsters and using the international community’s muscle to squeeze dollars.\nHowever, the security situation in Caracas continued on Monday with some 17,000 regular military forces tasked with guarding the town of Attica, one of five bars and restaurants on the main shopping street.\n“The military has mobilized its troops to protect the business market and the people from looters,” Interior Minister Albert Rivera said on Monday.\nHowever, police barricaded intersections in Caracas and public order officials avoided heavy vehicle traffic that had previously provoked clashes in the capital.\nAll 110 members of Venezuela’s bar industry have been put on paid leave. Those who have been hired to work now must either find their replacement or find financial assistance from a minister, said Gabriel Camacho, a spokesman for the Brazilian company FTSE IBRA1, which exports bar machinery.\n']

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http://www.reuters.com/article/us-usa-trade-mexico-global-idUSKCN18D30A?il=0

http://www.reuters.com/article/us-usa-trade-mexico-global-idUSKCN18D30A?il=0

NAFTA demise fears fade as U.S. firms committed to Mexico: lobby

['Dave Graham and Ana Isabel Martinez']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MEXICO CITY (Reuters) - The uncertainty that surrounded Trump’s presidency and NAFTA will fade over the next few weeks with time for the Obama administration to wrap up its terms and to decide how to award free trade deals between the United States and Mexico, Canadian and U.S. trade officials said on Tuesday.\nU.S. President Donald Trump pauses during an interview with "Fox Business" in New York, U.S., November 11, 2017. REUTERS/Shannon Stapleton\nThe United States would have still six months to conduct a formal negotiation with Mexico and Canada before the U.S. presidential election on Oct. 22, pushing for a final accord in September as the pact was assembled to set the tone for a decade-long pact for a multibillion-dollar trade deal that included trade partnerships like NAFTA.\nCanadian officials had expected that negotiations would begin later in the year, said Michele de la Mora, Mexico’s trade negotiator. “The negotiations would take several months,” she said.\nThe Trump administration has said that it is committed to completing the deal at the end of this year, despite calls for progress from U.S. companies to delay or even abandon their initial contract.\nBut China, India and other regional and U.S. trade officials expect Trump will give himself at least two more months to take a final decision to end the free-trade agreement, in addition to a month from Thursday.\nChinese foreign ministry spokesman Geng Shuang said, “The upcoming negotiations must take place as a matter of priority.”\nThe United States and Mexico have only agreed on five points of a bilateral deal on which the two countries negotiated more than 10 years ago, the last deal that the Bush administration negotiated before leaving office in January 2001.\nThe partners say the U.S. administration needs to make sure it respects its commitments to leave at least five aspects of the deal remaining, including border control as well as the maintenance of a skilled labor pool through the post-free-trade status.\nBut the auto industry said it was disappointed by NAFTA’s inclusion of mercantilist and non-mercantilist producers, fearing this would lead to a formula that allowed U.S. companies to shift jobs and production into Mexico.\n“We doubt that the agreement will be approved at a later date,” the Industry Council of Canada, a trade group, said in a statement on Tuesday.\nBut carmaker Volvo (VOLVb.ST) said it was confident of reaching an agreement with Mexico by the end of June.\n“We do hope the transition will go smoothly,” its spokeswoman Michelle Rhoades said, adding that there was a “well-thought-out plan” in place.\n“We’re confident that Mexico will make good on its promise to negotiate a full implementation period before the U.S. presidential election,” she said.\nSupporters of the pact say past agreements on trade have always been in place and a positive outcome would be a certainty.\nThe Trump administration is expected to announce a tariff on $200 billion in goods that would be added to existing and in some cases expanded versions of the agreement by just $20 billion.\nMexico could settle for an increase of 25 percent in the one-off value of goods acquired from Canada and Arizona in return for free trade terms.\nDespite the importation of natural gas by high-end and high-value Mexico plants, U.S. lawmakers say NAFTA is hurting the country’s domestic industries as customers seeking fewer exporters and exporters looking to import from Mexico to lower prices.\nDespite some details being proposed for a final deal, a U.S. official said there was “no demand for anything” to be negotiated.\n']

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http://www.reuters.com/article/us-australia-mining-forrest-idUSKCN18D2XD?il=0

http://www.reuters.com/article/us-australia-mining-forrest-idUSKCN18D2XD?il=0

Australian billionaire uses indigenous land laws to keep prospectors off farm

['Jonathan Barrett']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SYDNEY (Reuters) - Australia’s richest man is drawing the ire of a prominent indigenous group after refusing to hand 100,000 visitors off private land he says gives him protection against a planned coal mine and a proposed airport on the country’s second-biggest naval base.\nThe billionaire CEO of Sinopec SA is banned from using his own land as a resource concession, in protest of a proposed new coal export terminal, but ships able to travel from the remote WA port of Aix-en-Provence are allowed on his coast.\nIn a petition signed by 2,800 indigenous groups, a lawyer for the giant port holds a local mariachi music contest and appeals for environmental and economic benefits.\n“The prospectors have my land,” billionaire Frank Sinopec said in an interview. “They should not be allowed to disturb the environment.”\nIn November, Australia’s industrial development agency agreed to allocate 80 percent of land owned by Sinopec for a proposed expansion at the port of Aix-en-Provence and six of the state government’s two largest airports, either big or small.\nThe Sydney-based company said this week it would stop catering to and advising clients on aircraft carriers and other developments using wind turbines, designed to clear the skies over water.\nSinopec admitted to abusing a foreign buyer by targeting charities, fishermen and people of ethnic minorities, and has been fined around A$16 million ($11.9 million) for “poor handling of” its investments in overseas nations.\n“We’ve been taken to task for this since assuming the positions of national officer last May and we will not be returning to them,” a spokesman for Sinopec said.\n']

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http://www.reuters.com/article/us-alphabet-developers-idUSKCN18D2C4?il=0

http://www.reuters.com/article/us-alphabet-developers-idUSKCN18D2C4?il=0

Google shifts mobile focus to apps and digital assistant

['Julia Love']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - Google Inc is shifting its attention from mobile devices to the apps and services on which companies tap into a fickle market dominated by Google and Facebook Inc.\nGoogle's employees march in front of the Google garage at its headquarters in Mountain View, California, U.S., December 8, 2017. REUTERS/Kevin Lamarque\nThe moves are part of an effort by the internet company to curb years of reliance on products such as Android phones, but one that may have trouble keeping pace with the fast-growing mobile app market in the United States.\n“They like to think they’re turning Android into a pure-play mobile platform, but the entire world has big mobile operating systems,” said Jeff Hansen, an analyst at BTIG who follows Google.\nWhile it is unwise to name a replacement for Google’s ubiquitous Android mobile operating system - “Phish,” for example - it could also open the door for other companies to build new products on Android through acquisitions.\nIn a Monday interview with Reuters, James Beddoes, chief executive of Otto, an AI company that pioneered artificial intelligence, said his company would build an app for Android to help Amazon.com Inc turn the world’s biggest retailer into a more competitive place.\n“It’s a perfect example of what happens when you have the right combination of factors in terms of the technology,” Beddoes said.\nYet companies in the market for more sophisticated mobile apps of the sort big banks and e-commerce giants Google have been developing have not caught on quickly enough.\nThere are no news on when Google has some Android plans, although the company made several announcements during the last few years. It has already revealed that it will build an app for a version of mobile web dating service Foursquare. The company also recently launched a service that will scan geolocation data sent from outside locations and give companies the option to collect valuable data about their customers.\nTwo-thirds of U.S. smartphone users are using smartphones and much of that growth will come from the growing number of tablet computers, Google Chief Executive Sundar Pichai said last year.\nFor years, consumers have tried to use phones as a “digital centerpiece” that keeps them connected and connected even when the devices themselves are not always as functional.\nAs smartphones grow more powerful and more powerful, consumers are realizing that their interactions are finite and one-day events become more frequent. The number of frequent social interactions between members of certain groups is surging, and there is an increasing demand for information about those types of interactions.\nA major smartphone industry body is set to convene next month to discuss new game arenas where information related to millions of users will be shared, prompting more firms to take bets on a product that has potential for deeper consumer relevance, Pichai said last month.\n“In our view, it can be a plus for the current apps and services,” Hansen said, adding that Google has an opportunity to drive more revenue from mobile apps.\n“Google continues to have a weakness, of course, but I think the technology will evolve and that’s going to have an impact.”\n"]

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http://www.reuters.com/article/us-britain-election-idUSKCN18D2Z4?il=0

http://www.reuters.com/article/us-britain-election-idUSKCN18D2Z4?il=0

UK PM May’s pitch to voters: market intervention and stiffer rules for business

['Elizabeth Piper and William James']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["LONDON (Reuters) - Britain’s May says she wants to help Britain create “the best economy for Britain” but will “pick winners and losers” to show her ambitious agenda for jobs, investment and low prices.\nBritain's Prime Minister Theresa May (R) and David Cameron, leader of the ruling Conservative Party, are seen in the Downing Street cafe in central London September 30, 2015. REUTERS/Neil Hall\nMay heads to the heart of the trade-sensitive heartland of Britain’s financial heartland, advertising stapled off-screen billboards, pop-up shops in shopping malls and temporary office space in some of the city’s most attractive districts.\nBut any such hints of hope in prime ministerial pitches face strong opposition at home and abroad.\nProposals that would re-doubling business investment and workers’ incomes, develop the economy by giving firms the chance to grow and create jobs - and set a new export free-market guarantee - have drawn criticism from lawmakers and businesses alike.\nMay’s Westminster parliamentary committee released draft legislation on Tuesday saying that efforts would be for the Treasury and to hold firms to account for what it can achieve.\nShe also intends to use the bill to set long-term rules about how capital and investment can be invested and attract new businesses.\nThose ideas may come under fire at a time when Britain’s economy is heavily reliant on trade and investment, and the phrase “best economy for Britain” has infuriated some Liberal Democrats, who fear the scheme will lead to stagnation, jobs and investment and lower prices.\nBut while the three political parties’ proposals may appeal to some voters, the attempt to make their pledges more of a priority may ultimately fall short.\nMay is facing a final month of elections in May, and she has already put herself ahead of her Conservative opponents in the polls.\nA potential government retreat into rough waters in an election would certainly pose economic risks and come at a time when the household sector is under pressure as the firmest of the three main industries has been buoyed by record wages and high consumer spending.\nThe movement to boost investment has also prompted criticism from some pension funds, which saw their stock and currency fortunes soured as many savers moved to cash in their cash and stocks.\n“The idea of planning for Brexit and want to close banks is a perfectly normal idea to be seized on ... and I’m looking at a last-minute deal that does not require any additional aid,” said Hugh Trimingham, chief executive of the Pensions Trust.\n“So I wonder if this is a long-term approach to real reform,” Trimingham added.\nAs Prime Minister, May has been highly tested on her negotiating stance after failing to win a breakthrough on the Irish border, after failing to form a government on election day to push through controversial laws to tackle people smuggling and drive up wages.\nBut she was still able to make herself heard in the polls and in the process to weaken the opposition Labour Party. It has agreed to propose a raft of measures that aims to boost British economic growth, and is working behind-the-scenes to try to force Labour to backtrack on key policy reforms.\n“In the prime minister’s heartland - the heartland of Britain - a new Prime Minister is supposed to take the place of old,” said Fiona Simson, Labour’s former finance minister.\nMay’s Conservatives are trailing Labour among adults at 24 percent in the October election.\n"]

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http://www.reuters.com/article/us-brazil-corruption-idUSKCN18D2XY?il=0

http://www.reuters.com/article/us-brazil-corruption-idUSKCN18D2XY?il=0

Brazil president taped discussing pay-off for witness in graft probe: O Globo

['Lisandra Paraguassu and Ricardo Brito']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SAO PAULO/CHICAGO (Reuters) - Brazil’s president has taped financial dealings with an influential longtime bank supervisor that could compromise the country’s investigation into corruption, local media reported on Sunday.\nFILE PHOTO: Protesters gather to call for the release of U.S. citizen Christopher Steele after his New York Times report on alleged corruption in Brazil's second-largest bank, State Bank of Sao Paulo, June 6, 2015. REUTERS/Nacho Doce/File Photo\nStar suspect Miro De Ryno, who confirmed to the federal and local media on Sunday that he was involved in the business dealings, was taped discussing remuneration for working on evidence in the probe, the Folha de S.Paulo daily reported.\nDe Ryno, who on Sunday made the revelation after several hours of silence, told Folha de S.Paulo the bank official who placed him in poor condition had told him of his present role and his retirement, Folha de S.Paulo said.\nDe Ryno told Folha de S.Paulo that the bank official’s comments were not his own and were made after he had already told him of the situation, the newspaper said.\nThe story did not elaborate on what might have been said.\nDe Ryno had a second tape taped on the bank official’s door of a teller’s lounge at the bank and the person who made it stand in front of the door in the first place, Folha de S.Paulo said.\nDe Ryno’s aide gave a different explanation, saying that the executive, who made the tape, was authorized by the federal government to give it to authorities.\nDe Ryno was arrested in 2009 and sent to jail in 2013. He later admitted to testimony he gave to an Ecuadoran court in 2010 but that case was settled on October 29, 2018.\n"]

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http://www.reuters.com/article/us-insurance-accounts-regulations-idUSKCN18D2XU?il=0

http://www.reuters.com/article/us-insurance-accounts-regulations-idUSKCN18D2XU?il=0

Countdown starts on global overhaul of insurance accounting

['Huw Jones']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - Optimism about U.S. healthcare overhaul proposals has caused the passage of the U.S. healthcare law, keeping countries awaiting action on underlying costs, and buying time for U.S. insurance companies to be ready for late next year.\nFILE PHOTO: The sign boards of U.S. listed insurers company AIA and the Bureau of Specialized Insurance in this photo illustration in Oak Ridge, Tennessee, September 9, 2016. REUTERS/Phil McCarten/File Photo\nAs part of the government’s final settlement with insurers and hospital groups, the main component of U.S. healthcare overhaul bill would call for a patchwork of local health insurance plans across the country.\nSo far, companies say they plan to provide less than 2 percent of the U.S. population with U.S. health insurance for at least four years, extending the scheme beyond current usage under current guidance. That would mean higher premiums than the current average for the market, according to sources familiar with the negotiations.\nEurope, Asia and the Middle East have done better than the United States to provide cheap cover for sick people. In the first half of 2017, Europe nearly doubled the number of health-insurance companies opting to offer health care to their own people.\nBut beyond this, many parts of the new law will loom over countries.\nTrump wants to roll back popular Obamacare subsidies for insurers, something that would hurt in rich nations with large national insurance pools and likely hit those in poor countries hardest by what happens in the new law. It would also improve support for some workers’ compensation benefits by scrapping a provision of the Affordable Care Act known as Obamacare.\n“It seems like there are bigger decisions on the horizon,” said Martin Le Bon, chief executive of the London-based insurance industry body the British Insurance Association. “What you see is further increases in medical insurance premiums and a related drop in overall funding for traditional insurance programs.”\nAntonio Cunha, a health care policy expert at Alastair Ramsay Associates, a law firm in London, added that he thought the U.S. healthcare law could allow insurers to offer “replacement” coverage for doctors and dentists following the US Department of Health and Human Services review.\n“(That) could, in turn, be a catalyst for more competition” with specialty plans and insurers, he said. “It’s really about using technologies, technology standards and good science with innovation.”\nU.S. insurers look forward to the impacts of the overhaul bill and, unlike U.S. insurers, could receive fewer dollars for health coverage, said Ben Claybrook, president of premium products at the U.S. Chamber of Commerce.\n“We certainly would have confidence that we’re getting better, and sooner rather than later and if we get traction,” he said.\nU.S. insurers will have to get U.S. businesses to sign away their financial responsibility for using insurance software as part of the new national insurance “sharing economy”. The contracts would eventually be in-house, under the umbrella of the insurance industry.\nThe 12-page agreement is not expected to be signed until after the U.S. midterm elections in November, raising the possibility that larger insurers will seek permission to leave their western, European, and Asian markets for the ACA exchange.\nBut for companies based in Europe, the uncertainty is also disconcerting. While many insurers are happy to keep monitoring enrollment, many complain that the uncertainty means they have not been able to qualify for the subsidy for existing Obamacare users.\nThey are also concerned that a major fund that pays out “trustees” will be cut to cover the losses arising from the individual insurance market.\n']

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http://www.reuters.com/article/us-usa-trump-israel-diplomacy-idUSKCN18D2LB?il=0

http://www.reuters.com/article/us-usa-trump-israel-diplomacy-idUSKCN18D2LB?il=0

Trump doesn’t plan to use Israel trip to announce embassy move: official

['Steve Holland and Jeff Mason']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON, Jan 1 (Reuters) - President Donald Trump’s plans to visit the United States soon don’t seem to have moved him from campaigning to declaring his intention to move the U.S. embassy in Israel to Jerusalem, a Washington Post reporter said on Wednesday.\n“I’m not going to say when, but if it is, then it is just a little bit more than the fact that I do not intend to leave campaigning in Israel until we get it resolved,” Trump said on the presidential press briefing about his visit to Israel.\n“We may move to the American Embassy, but I’m not going to say it is in my plans.”\nEarlier on Wednesday, Trump met with Israeli Prime Minister Benjamin Netanyahu and pledged to be diplomatic and diplomatic in the relationship between Israel and the United States.\nBut he did not indicate that he planned to consider an embassy move in the same way as the movement of the U.S. Embassy to Jerusalem, though he did not mention it on Wednesday when asked about it during the briefing.\nTrump meets his Israeli counterpart, Benjamin Netanyahu, next week and heads back to Washington for what could be a two-week trip.\nThere was no indication of what time Trump’s planned trip would be and who he would meet.\nIn the latest indication of where the relationship would be between a president who has often boasted of building a wall between the United States and Israel, the Post reported that the Trump administration is considering a visit to an international forum on a possible Israeli settlement on the West Bank.\nTrump has hinted in the past he might not such a visit, citing the strained ties between the United States and Israel which could resurface if he doesn’t face congressional support for an embassy move.\nNetanyahu’s office has not replied to a request for comment.\nHe has criticized Trump’s frequent visits to Israel, which he says are “unfair and isolating.” (Reporting by Steve Holland; Editing by Paul Simao)\n']

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http://www.reuters.com/article/us-usa-turkey-protests-idUSKCN18D2FJ?il=0

http://www.reuters.com/article/us-usa-turkey-protests-idUSKCN18D2FJ?il=0

U.S. decries Washington brawl during Turkish president’s visit

['Yeganeh Torbati and Julia Harte']

01-01-2021

reuters.com

success_wayback

gen

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['WASHINGTON (Reuters) - Washington condemned on Tuesday the “useful display of violence” shown on Turkish broadcaster Al-Jazeera over a U.S. bickering over sanctions against Ankara over its nuclear programme, highlighting concern that Turkey’s relations with Washington were “sliding” ahead.\nTurkish President Tayyip Erdogan speaks with U.S. President Donald Trump (not pictured) on the sidelines of the United Nations General Assembly in New York, U.S., September 25, 2017. REUTERS/Brendan McDermid\nTensions between Washington and Ankara boiled over on Monday as Washington demanded the release of Turkey’s former intelligence chief, Anadolu Agency reported, citing Turkey’s National Intelligence Council.\nWashington has been seen as one of Ankara’s main regional rivals and Turkey has criticized its cooperation with Washington’s probe of U.S. attacks on a Turkish nuclear site in Syria. Washington has accused Turkey of having sent a major shipment of weapons to Syria to support Kurdish militants in Iraq.\nAnkara countered, accusing Washington of interfering in the domestic politics of Ankara. Erdogan described President Donald Trump’s earlier remarks about a U.S. air attack on Syria as an “act of aggression” and criticized the U.S. trade embargo and failure to comply with U.N. sanctions.\n“In view of this view, the support of the United States Government by President Trump is regrettable,” Turkey’s Foreign Ministry said in a statement.\nU.S. military spokesman Colonel George Little did not immediately respond to requests for comment.\nSyrian President Bashar al-Assad said Turkey’s arrest and detention of ex-intelligence chief Ankara’s use of “intimidation and intimidation” is a “democratic test” and U.S. officials had warned Turkey to comply with the new U.N. measures.\nTurkey’s lira has tumbled 1.1 percent against the dollar since Erdogan received Trump’s assurance that the United States won’t negotiate with Ankara over the sale of aid to Syria.\nThe continued tension shows no sign of easing and Turkey said on Tuesday it may no longer dare to ally with Washington, even when it has friends and allies from Washington.\n“We regret that both countries have launched the fight. They shouldn’t be putting their lives at risk, and there shouldn’t be a moment when you don’t want to do business with the United States,” Erdogan said in Ankara.\n“Here is a friendly country, a friend that is in Syria and needs to be help. And we seek it on that basis,” he said, repeating a message he delivered to Trump on Monday, describing U.S. support for Turkey as a “power” among the world.\nErdogan also said Erdogan had “some contacts” with U.S. Central Command about the visit.\nThe U.S. Defense Department and the State Department have noted Turkey’s need to be paid for supporting Syrian opposition fighters fighting to oust President Bashar al-Assad and expanded diplomatic contacts.\nErdogan, who has been linked to a property fortune and children’s bookstore, frequently attends meetings with American officials and travel is often restricted to non-essential U.S. officials.\n']

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http://www.reuters.com/article/us-usa-trump-markets-analysis-idUSKCN18D2TC

http://www.reuters.com/article/us-usa-trump-markets-analysis-idUSKCN18D2TC

’Trump Trade’ turns to trepidation as investors unwind

['Megan Davies and Jennifer Ablan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - After Americans went on vacations and vacations with their families and extended time off, Americans spent a lot of time counting the days out of travel and saving for later. Now those spending, and the rest of the stock market’s big moves, are coming.\nA pedestrian walks past shops in New York City, U.S., January 15, 2018. REUTERS/Shannon Stapleton\nSo what are Americans making of the headline economic numbers on Friday? Despite those awful missives from the United States government, a persistent question remains: What’s going on?\nThe U.S. Federal Reserve has decided to pause on the interest rate hike cycle and can use the “dwindling pressure” of deleveraging to postpone it now that the new baby boom generation is nearing retirement.\nNo other major central bank around the world does this kind of thing. The United States, as in England, has basically decided that maintaining the interest rate too low for too long is cause for concern. A decent rate is no problem, especially if investors see already substantial returns to borrow overnight against U.S. treasuries, as is clearly happening now.\nBut what if the Fed has given up on keeping rates low forever? Or is a Fed (Fed) that keeps saying it does not like interest rates staying near zero, sure enough, is actually going to do everything it can to loosen the banks’ purse strings and raise rates fast and cheap? That’s one possibility.\n“As a result of the ultra-low, interest rates on U.S. treasuries were collapsing late last year, forcing U.S. treasuries to decline meaningfully against Treasuries,” said Larry Kudlow, deputy chief economist at BMO Capital Markets.\nKudlow, however, worries the markets can’t get a handle on how aggressive the Fed will be.\nSo far, however, the market has seen plenty of noise at the Fed as it considers two Federal Reserve speakers in coming weeks to get a handle on the economy. On Friday, Vice Chairman Stanley Fischer will debate the panel at the Fed’s Central Bank Financial Committee meeting in Richmond, Virginia. He’s been endorsed by Fed Chair Janet Yellen and he’s a key supporter of the eventual rate hike.\nU.S. President Donald Trump just gave tax cuts to so-called rich and largely corporations the tax cut as well as promising that half of Americans would be able to deduct the deductions.\nHowever, people from both parties are betting on Trump to achieve the “Middle Class Tax Cut.” Whatever happens, the speculation over tax cuts coming into force is most likely going to backfire badly. The Fed may raise rates in its next quarter of the year if policymakers don’t feel that more financial stress will get in the way of more market growth.\n“I fear the Fed may at the end of the year, well into 2019, not be able to deliver on their message that it is prepared to raise rates,” said Jeremy Stahl, chief U.S. economist at Capital Economics.\nStahl thinks the Federal Reserve will be up for a few more calls over the next several months to decide if there’s enough support for a rate hike. On the other hand, markets will be watching Trump’s attempt to tamp down expectations of further Fed rate increases later this year, helping stocks. And of course, the Trump administration might want to avoid a small victory by the Fed when it comes time to ratchet down rates.\nRight now the Dow is 31 points off its December-high, after seven straight weeks of declines. The S&P 500 is off 4.6 points, nearly 100 points since December 17.\n“The market is betting on one immediate change, but they have suffered the most ever for a pullback,” said Alan Ruskin, senior market analyst at Wellington Shields in New York.\n“This is just another logical reaction to slowing inflation and having already raised rates just in the last 18 months,” he said.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKCN18D1E0

http://www.reuters.com/article/us-usa-stocks-idUSKCN18D1E0

Wall Street tumbles as reform hopes fade with Trump crisis

['Sinead Carew']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The S&P 500 slid to a three-month low on Wednesday, as worries over new U.S. Republican U.S. tax cuts and President Donald Trump’s acrimonious campaign overshadowed gains on the stock market.\nFILE PHOTO: The S&P 500 stock index is pictured in Washington, U.S., June 7, 2017. REUTERS/Kevin Lamarque/File Photo\nThe index was down 0.3 percent at 3,845.71 as investors focused on the federal government’s shutdown before business investment was replenished after a holiday weekend.\nInvestors were also on edge after Trump’s tweet about approving tax cuts that would set back the president’s tax reform effort. U.S. stocks fell for the first time in five days on Wednesday.\n“The markets have been slumping for several days, the volatility over the last several weeks has come out of the woodwork a little bit, but it’s probably time to get back to normal,” said Ethan Harris, chief investment officer of U.S. retirement for North American Strategic & Retirement.\n“Even if we have the government shutdown hitting later in the week, there are some indications that things are going to be better for the market a little bit longer.”\nSome also worried that some parts of the U.S. Congress were unravelling.\n“I’m not overly surprised as to how the dysfunction level has come back to its former behavior - it will take years to resolve,” Harris said.\nThe benchmark S&P 500 is up 4.1 percent for the year, after a four-day losing streak. The index has fallen 5.7 percent from its record close of 1,793.11 on July 20.\nCigna Corp (CI.N) led the Dow Jones Industrial Average .DJI down 2.2 percent. Merck & Co (MRK.N) dropped 0.7 percent.\nRobinson Royalty (RY.N) rose 3.5 percent after its third-quarter earnings beat expectations.\nOther smaller-cap stocks on the market, including Nvidia Corp NV (NVDA.O) and Synchrony Financial Corp (SYF.N), were down.\nHedge funds have sold off most of their short positions ahead of the partial government shutdown. That comes amid a continued selloff in stocks across the United States.\nAmong the biggest decliners, Ackman’s Pershing Square LP added 1.6 percent after market close, while Morgan Stanley (MS.N) shed 2.6 percent and Barclays Holdings Plc (BARC.L) dipped 0.5 percent.\nMonday’s campaign ended with the unseemly murder of a scientist and a two-year battle between the Trump administration and Japanese leaders over trade.\nHowever, Trump’s victory looked secure because of new costs for the North American Free Trade Agreement (NAFTA), which was signed just before the election and could take weeks to clear by U.S. courts.\n“This Congress and the Trump administration are far away from fundamentally or contentively compromising the US. A short-term crisis appears likely. Otherwise, we may see volatility and a sense of normalcy by later in the year,” said Anthony Tafoya, managing director of European and emerging markets at Pictet Asset Management in London.\nMeanwhile, Russian President Vladimir Putin urged U.S. lawmakers to work together to get the Kremlin’s highest office suspended in anticipation of a U.S. midterm election.\nIn the euro zone, the yield on the benchmark 10-year Treasuries US10YT=RR eased to 2.23 percent, still a few basis points above the 7.0 percent maximum maximum and near a record low reached on Nov. 29.\nThe dollar retreated from an 11-month high against a basket of major currencies as sentiment around the world turned negative. A lower euro makes dollar-denominated commodities more attractive.\nDealers said the recent rally in stocks resulted in many investors shifting into international equities and emerging markets currencies.\n“Generally speaking we’re seeing investors in emerging markets driving up gold. From a technical standpoint, you can see this sort of anticipation of the dollar rally that’s been driving global equities,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.\nTraders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 1, 2018. REUTERS/Brendan McDermid\n']

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http://www.reuters.com/article/us-eu-markets-regulations-idUSKCN18D2BB

http://www.reuters.com/article/us-eu-markets-regulations-idUSKCN18D2BB

Exclusive: EU looks to build alternative to London for capital market - document

['Huw Jones']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - A senior European Union executive is considering moving the bloc’s currency union to a new, more mature architecture to help financial services firms to more quickly adapt to the rapidly changing world of business, a document seen by Reuters showed.\nThe EU Financial Stability Board (FSB) (EFG) is expected to consider the suggestion at a meeting of European Commissioners this week, according to an EU document seen by Reuters on Wednesday.\nThe document is one of a series of steps the EU has been taking to combat financial services, from setting up a single real estate adviser for mortgages, to giving firms a cushion against banks under the bloc’s new cross-border banking passport.\nThe document seen by Reuters said a new overhaul of the EU’s entire financial stability system would follow EU negotiators’ vote in June to draw up the blueprint to build a small bloc, with a half-percent of GDP and a pay cap of 1.5 euros per workweek.\nIt also indicates that the European Council meeting in Brussels this week should consider a proposal to set up the new BIS-Regulatory bloc to take over the future management of financial systems and “increase electronic transfer of revenues”.\n“Both elements present serious room for regulation,” the document added.\n“Financial services firms must be given greater autonomy in deciding what information technology projects they take on as part of their business operations,” it said.\nThe document suggested bringing the bloc’s system to a close – essentially split into two as it proceeds to restructure the bodies – which would mean the system had to be further amended on that end to help businesses create better services.\nThe document came after Finance Commissioner Miguel Arias Cañete last week told a Dutch banking conference that regulation in financial services would make it increasingly difficult for firms to create “cheap” models.\nIf members consider setting up a new system, they would also need to see to it that it was compatible with the EU banking directive, which sets limits on banks’ powers to make loans, as well as requirement that they set up a banking directive that covers a bank’s ability to lend.\nIn an interview with Reuters, Cañete said the plan to set up a new bank and forerunner rules would open the door to a larger influence on the market.\n“I would hope that on the basis of the European Council meeting we are going to agree that we have to change our own rules and we have to be very clear that it is better to turn on our own rules to do things,” he said.\n']

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http://www.reuters.com/article/us-apec-vietnam-idUSKCN18D0NB

http://www.reuters.com/article/us-apec-vietnam-idUSKCN18D0NB

Trade pact dumped by Trump could be revived at Asia-Pacific meeting

['Matthew Tostevin']

01-01-2021

reuters.com

success_wayback

gen

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['A pool party is pictured inside an oven at the port of Peking in southern Guangdong province, Hunan province, China in this July 19, 2017 file photo.\nHONG KONG (Reuters) - An agreement made between U.S. and China to implement the Comprehensive and Progressive Agreement for Action is now dead at the Democratic Party’s (DP) annual meeting in Hong Kong, a senior official at the party said on Friday.\nBoth sides were holding a one-day gathering in the historic diplomatic enclave and attendered the parties’ high-level discussions on a range of issues including the implementation of the U.S.-China Free Trade Agreement (FTA) and U.S. Southern Infrastructure Investment Corridor (SICA III).\nThe government of Hong Kong said late on Thursday it would fire its head, Cui Tiankai, and impose a 40-percent tariff on U.S. exports to the mainland with its A+ rating amid warnings of conflict in the South China Sea.\nHowever, Cui’s resignation may not be seen as a full-out dismissal, as the two sides continue to hammer out new trade measures, including a US$19.5 billion (18.85 billion pounds) investment package.\n“They have agreed to use the levy date for the right to recall the CEO, including the fact that this as of now gives way to a new date for compensation in 2020,” Thomas Vilsack, former DPP secretary general and chairman of the House Foreign Affairs Committee, told Reuters.\nThe move means Ticine leaders have a “reasonable chance of ensuring that United States for now does not want an FTA with (China) in the G20 table”, Vilsack said, adding a timeline to the appropriate sanctions has yet to be agreed to.\nChinese Premier Li Keqiang met with his White House counterparts this week and said on Wednesday that the FTA risked creating a rift between the two countries.\nThis worries Washington since Li agreed that China is also seeking the removal of back taxes on U.S. companies. U.S. President Donald Trump has threatened to slap tariffs on Chinese goods.\nBoth sides agreed to hold talks on a “dramatic” trade settlement that can lead to “the return of a fair, equitable and reciprocal agreement”, U.S. Trade Representative Robert Lighthizer told reporters in Singapore this week.\n“The original agreement was a timely initiative. I don’t think there is any indication that now we will have that agreement today,” Liu Hao, deputy chief of staff to the national leadership of the ruling Democratic Party and top foreign affairs policymaker, told Reuters.\n']

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http://www.reuters.com/article/us-usa-trump-immigration-idUSKCN18D2CA

http://www.reuters.com/article/us-usa-trump-immigration-idUSKCN18D2CA

U.S. immigration arrests up nearly 40 percent under Trump

['Mica Rosenberg']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. arrests rose nearly 40 percent between January and September over the same period last year, meaning an unusually large number of illegal immigrants already in the country illegally had been rounded up, and hundreds were released.\nThe number of people being arrested for federal, state and local purposes rose 28 percent in September from a year earlier, the Office of the Immigration and Nationality Service said in its annual report on the volume of immigrants nabbed.\n“This was an anomaly in an otherwise volatile, year-over-year comparison,” the agency said in the document published on Tuesday.\nIn 2016, for example, the number of those arrested was about half of what it was a year earlier.\nAbout 425,200 people were arrested, or about 20 percent, more than two years ago, it said.\nBecause of a spike in arrests, the higher number of people being rounded up made it more difficult for agencies to determine how many were facing deportation proceedings.\n“In the first 10 months of this year, we have managed to reduce our total number of people facing deportation proceedings to just under 2,300,” the report said.\nIn 2016, 11,210 people were being deported, or about 30 percent, of whom were victims of the so-called sanctuary cities program, which allows law enforcement agencies to refuse to cooperate with federal requests to grant asylum.\nFrom December 29, to September 30, 2016, more than 158,000 people were being deported.\nThe statistics also come as the Trump administration has promoted a crackdown on illegal immigration, including limits on the number of visas a group can apply for.\nIn June 2017, the Department of Homeland Security said it would close 35,000 to 42,000 U.S. guesthouses, blocks out roughly 250,000 guest workers from the country.\nThe crackdown has also led to immigration raids at border crossings, prompting temporary restrictions on certain people’s movement.\nAll but a few of the people being arrested in September were U.S. citizens, and most of the people were immigrants, such as Syrian-born Jenma Ortiz and Sudanese-born Levon Truslow, the U.S. attorney for Brooklyn, New York.\nThe U.S. government said in October that it had in August started cracking down on immigrants who entered the country illegally using shortcuts.\n']

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http://www.reuters.com/article/us-texas-baylor-idUSKCN18D2IE

http://www.reuters.com/article/us-texas-baylor-idUSKCN18D2IE

Ex-Baylor student sues school, says gang raped by football players

['Jon Herskovitz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A former Baylor University student who said he was raped by three football players after graduating from school said she planned to sue for sexual assault claims when she went to university, an attorney for her family told Reuters on Thursday.\nFILE PHOTO: A school bus is seen on Saturday in Los Angeles, California, U.S. February 3, 2017. REUTERS/Kevin Lamarque/File Photo\nMichael Franklin, 45, said he left Baylor for a job as a background environmentalist in Texas on April 12, 2014, about five weeks after he began his first semester. The next day, Franklin was 15.\n“After six weeks of zero sexual contact, I was raped,” Franklin told Reuters. “I didn’t want to go forward with my football, let alone the department. I lived off my paycheck.\n“I wanted to leave before they would stop me from going back to school. That’s why I filed the lawsuit with Baylor because the school said they would do everything they could to get me back on campus before they’d stop me.”\nBaylor lost an appeal against the decision last year, said Franklin’s attorney Juan Pierce.\n']

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http://www.reuters.com/article/us-northkorea-missiles-usa-idUSKCN18D2VM

http://www.reuters.com/article/us-northkorea-missiles-usa-idUSKCN18D2VM

Trump willing to try engagement with North Korea, on conditions: Seoul

['Christine Kim']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump speaks at a summit with South Korean President Moon Jae-in (not pictured) at the White House in Washington December 2, 2017. REUTERS/Carlos Barria\nSouth Korean President Moon Jae-in (not pictured) and U.S. Vice President Mike Pence shake hands during a joint statement on the sidelines of the NATO Summit in Brussels, Belgium, December 2, 2017. REUTERS/Yonhap\nSouth Korean President Moon Jae-in (not pictured) and U.S. Vice President Mike Pence (not pictured) shake hands during a joint statement on the sidelines of the NATO Summit in Brussels, Belgium, December 2, 2017. REUTERS/Yonhap\nSouth Korean President Moon Jae-in (not pictured) and U.S. Vice President Mike Pence (not pictured) shake hands during a joint statement on the sidelines of the NATO Summit in Brussels, Belgium, December 2, 2017. REUTERS/Yonhap\nU.S. President Donald Trump greets North Korean leader Kim Jong Un during the NATO Summit in Brussels, Belgium, December 2, 2017. REUTERS/Yonhap\nU.S. President Donald Trump (not pictured) and South Korean President Moon Jae-in speak as they met at the White House, in Washington, December 2, 2017. REUTERS/Carlos Barria\nWASHINGTON President Donald Trump is willing to look at engagement with North Korea, on conditions of cooperation but could rule out lifting U.S. sanctions, President Donald Trump said on Monday.\n"We can\'t pull out sanctions and will work with anybody that\'s willing to stand up for the people of North Korea and all the countries," Trump told CBS News during a televised live interview.\n"What we\'ve done to North Korea is we are going to talk, we will talk and both sides of the Strait will talk, we\'ll work," he said.\nTrump announced on Friday that he would move forward with sanctions on North Korea if Kim did not comply with commitments made to cooperate with the U.N. Security Council.\nTrump told CBS that he wanted to see North Korea issue a "fair and just" response to the U.N. Security Council sanctions sanctions proposal.\n"North Korea, I would definitely recommend you do a fair and just" response to the proposal, he said.\nAsked about the possibility of reuniting tens of thousands of people who had separated in a decades-long war, Trump replied: "Yeah, I would."\nTrump had suggested that he would not attend the summit, leading to criticism from Japanese Prime Minister Shinzo Abe that he was pursuing diplomacy instead of Pyongyang.\n(Reporting by Christine Kim; Editing by Doina Chiacu)\n']

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http://www.reuters.com/article/us-usa-trump-ethics-idUSKCN18D25D

http://www.reuters.com/article/us-usa-trump-ethics-idUSKCN18D25D

State Department reminds staff on ethics after posts on Trump interests

['Yeganeh Torbati']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The U.S. State Department on Thursday reminded employees traveling with the agency on what they can and cannot do in their jobs after 19 female employees were fired for using photographs taken during a trip they took during the Trump administration.\nThe State Department oversees the Department of Health and Human Services (HHS), and supervises the National Institutes of Health (NIH), which contracted with the agency to provide services to Trump’s presidential campaign, as well as portions of other federal agencies.\nThe agency is supposed to supervise “on a regular basis” - such as stopovers during the night or public meetings - although initial confusion about what the government can and cannot do led to several firings and at least two firings for no apparent reason.\nThe three women who had been involved in the photos, hired by media including CNN, said they did not disclose specific details of the work they were doing.\nThe photographs, which depicted a woman with an array of white hats at several locations in Florida during President Donald Trump’s first three months in office, sparked a backlash against the secretary of state and a crackdown on partisan gerrymandering in congressional districts, known as districts given to Democrats with fewer centrist Republican votes.\nThe incidents occurred several months before the House of Representatives was set to vote on an ethics package aimed at promoting President Donald Trump’s agenda, which the House approved last year.\nThe employees, who had never served a day in government, confirmed the photographs were taken during their final meetings with Trump administration officials on State and Homeland Security Department agencies.\n“I know this is not our place,” the first female employee said. “We can have fun. But it’s a shameful way to share secrets.”\n“If you are honest about what you do with classified information, you should not be sleeping at the National Harbor conference center,” the second employee said.\nAnother said: “The cabinet is not really interested in spinning documents, maintaining records, and collecting fingerprints.”\nThe photographs posted to the department’s email platform last week caught the attention of Senator Richard Blumenthal, who said he plans to examine whether the agency is in violation of federal law, and another senior State Department official said an investigation is under way, noting the number of women in positions of power in Washington and in office.\n“If this is not appropriate, we will treat it as so,” Mary Mills, the secretary of State’s cyber and financial communications office, told the group on Thursday.\n']

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http://www.reuters.com/article/us-fiat-chrysler-emissions-idUSKCN18D2UC

http://www.reuters.com/article/us-fiat-chrysler-emissions-idUSKCN18D2UC

U.S. preparing to sue Fiat Chrysler over excess diesel emissions

['David Shepardson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DETROIT (Reuters) - The U.S. Environmental Protection Agency is preparing to sue Fiat Chrysler Automobiles NV over a crash that caused 18 of its dealerships to produce nitrogen oxide (NOx) emissions exceeding the limits set by the U.S. government, according to an EPA source briefed on the matter.\nFILE PHOTO: A Fiat Chrysler Automobiles unit delivery van drives on the Road Bridge in Carlsbad, California, U.S., June 21, 2017. REUTERS/Mike Blake/File Photo\nFiat Chrysler LLC has been the subject of multiple lawsuits over its operations on the international oil patch, which includes Ohio’s Columbus, and at least three U.S. cities.\nIt is seeking a preliminary injunction against the EPA to stop the government from enforcing diesel emissions limits on its seven dealerships in the first phase of its enforcement enforcement, according to the source briefed on the matter.\nFiat Chrysler has been mandated to increase the sale of each of its nine certified Nissan and Honda dealerships worldwide by 20 percent from the now banned ceiling set at $20,000 for each dealer.\nAn EPA official told Reuters on Thursday that the agencies are preparing to sue Fiat Chrysler for violating the city and county laws in Ohio, which was among the most heavily populated cities in the country.\nUnder the city’s municipal ordinance, which governs the states’ sale of certain construction equipment, imported vehicles like trucks and SUVs are forbidden from being allowed to be produced with nitrogen oxide above the 70 or 80 parts per million that municipalities in similar markets sell.\nThe EPA could challenge Fiat Chrysler’s nitrogen oxide compliance through the district court, which is required to make objections to emissions limits. In late 2017, Fiat Chrysler agreed to buy regulatory authority from the U.S. Transportation Safety Administration (TSSA) and to abide by its pollution measurement targets.\nIt has complied with compliance with air pollution limits in 10 of the 14 states that elect a federal panel to review the EPA’s issuance of Clean Air Act fines.\nFiat Chrysler is currently cooperating with the U.S. Environmental Protection Agency’s Enforcement Bureau on its nitrogen oxide compliance. It has also cooperated with federal officials by starting an emissions reduction program, according to a U.S. regulatory disclosure form filed in October.\nThe EPA has also decided to resume enforcement of the city’s standard to notify the city of its compliance with federal regulations. The agency will “accept a draft of requirements of the new policies on nitrogen oxide from the federal authorities for use on the floor of the vehicles on the ground,” it said.\nFiat Chrysler and its subsidiaries have offered free back-up for 1,500 of their vehicles since the end of September, compared to about $3,000 in that time period last year, according to information on Fiat Chrysler’s website.\nLawyers for the EPA and TSA declined to comment.\n']

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http://www.reuters.com/article/us-usa-trump-regulation-idUSKCN18D2N0

http://www.reuters.com/article/us-usa-trump-regulation-idUSKCN18D2N0

U.S. industry seeks faster permits, simpler rules in Trump regulation reset

['Valerie Volcovici and Timothy Gardner']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The Trump administration is set to force energy and transportation groups to speed up curbs on initial permits for some off-shore oil and gas drilling on government land, a move that Republicans see as undermining climate action and forcing the oil and gas industry into bankruptcy.\nA man walks past an oil tank in the Manhattan neighborhood of Manhattan January 28, 2011. REUTERS/Carlo Allegri\nOn Wednesday, the White House will unveil a new version of the 2010 Republican-led law that is expected to put additional restrictions on permits, either on extraction of crude oil or the production of gas, allowing an overwhelming number of permits that would allow fracking to resume in shale plays.\nIt will roll out a stricter rules for drilling and hydraulic fracturing (fracking) on public land, including the new rules for drilling on private land.\nOil and gas companies with conflicts over drilling areas will face tougher enforcement, and some U.S. law enforcement officials have said they may face criminal sanctions under the new law.\n“This is just another step toward tightening the protection of U.S. domestic energy and natural gas production, including domestic fracking,” said Mark Lillis, director of the Pipeline and Hazardous Materials Safety Administration, a U.S. regulator.\nOn Thursday, the Interior Department plans to issue final permits for in-state oil and gas wells in 34 projects and 188 related projects, in dozens of one- and two-day drillships, meaning analysts expect companies to hold down hundreds of permits a year.\nAnalysts project only a small minority of those permits will go to U.S. oil and gas companies and law enforcement may face more sanctions and legal scrutiny, possibly in the form of fines for being caught.\nOil and gas industry officials and industry leaders have repeatedly called on the Trump administration to take broader action on the drilling areas it’s pinned down to guarantee climate action in response to climate-change risks.\nThat includes using existing guidelines so that frackers can scale back a process for moving oil and gas reserves to land that they’re not currently allowed.\nPROGRESSIVE TACTICS\nThe changes make it more likely that shale producers will hold back on new drilling in areas that they’re now allowed to run off-limits to public use.\nFor the new rules, the Treasury Department says the Energy Department’s Bureau of Intergovernmental Affairs is issuing requirements on cranking oil and gas wells in areas formerly designated so that their environmental impact statements can be filed.\nThe official guidelines are too vague for most of those projects to begin using while adjusting the calculation of operators’ net worth using the safety standards already set.\nAnother rewrite of rules for drilling off-limits to the public is scheduled for Thursday and is expected to require that projects go through a cash license and commit to paying profits to U.S. agency, the U.S. Geological Survey.\nThose are not the same provisions that under Obama shut down more than two dozen drilling permits in the Gulf of Mexico, ending oil and gas drilling in more than 40 countries.\nThe two Republican-controlled agencies agreed in 2008 to scrap their own “W”-based permitting rules that allowed the oil and gas industry to go private.\nThe Obama administration plans to repeat that step in 2019, although the new rules suggest its goal will be more modest than the nearly total closures so far this year.\nThe revisions will also require onshore drilling permits to have a different environmental message that could be used by industry.\n“In most of the permits we have reviewed, most of them are for horizontal wells, not for hydraulic fracturing,” said a senior administration official, who spoke on condition of anonymity.\n“We’re trying to build a commercial user license under the W for traditional drilling and no longer appear in the water-tight in the W for a pilot,” the official said.\n']

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http://www.reuters.com/article/us-usa-trump-putin-idUSKCN18D1EA

http://www.reuters.com/article/us-usa-trump-putin-idUSKCN18D1EA

Putin offers transcript to prove Trump did not pass Russia secrets

['Denis Pinchuk and Andrew Osborn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MOSCOW (Reuters) - The Kremlin has offered the transcript of former Soviet leader Mikhail S. Gorbachev’s talks with Russian President Vladimir Putin in 2016 as proof he failed to pass information to his government, a newspaper report said on Wednesday.\nFILE PHOTO: Russian president Vladimir Putin delivers a speech to a gathering of the 30th Organisation for Security and Cooperation in Europe (OSCE) during the 70th International Assembly of Ministers at the State Duma in Moscow, Russia, December 4, 2018. REUTERS/Grigory Dukor/File Photo\nThe report said Putin had asked Gorbachev, a close ally of Putin, if he could go ahead with the consultation before installing Dmitry Medvedev in the Kremlin, adding that even the first presidential elections were of concern to the Kremlin.\nIt said if Putin did not authorize the consultation, it was not clear whether he was aware of the discussions being held with Gorbachev and Medvedev or if any committee decided to steer them through to the president.\nRussia is probing allegations by Western critics that Putin ordered a secret “reset” with the West aimed at reassuring Moscow’s Western allies about Moscow’s closeness to the West.\nThe ITAR-Tass news agency quoted Mikhail Nagiekin, head of the development and political department at the KGB, as saying there would be no transcript of those talks.\nGorbachev, though, told the session in June that only he could make his views known to the world and to his government, saying: “He was never told what I thought, and we took him to the doorstep of the State Duma.”\nSlideshow (3 Images)\nConfronted with the idea of such a challenge, the Kremlin later offered the transcript, television channels said on Wednesday.\nGorbachev had previously denied that he told Putin that the U.S. military had secretly attacked Moscow and had achieved what it was seeking in Afghanistan.\nGorbachev, the Russian deadlock at the heart of Western war strategy that has since morphed into a criminal prosecution of Putin’s side over sanctions and actions against Moscow, has wanted the transcript to be kept a secret for three years.\n']

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http://www.reuters.com/article/us-iran-nuclear-usa-idUSKCN18D1W6

http://www.reuters.com/article/us-iran-nuclear-usa-idUSKCN18D1W6

U.S. extends sanctions relief under Iran nuclear deal

['Arshad Mohammed and Yeganeh Torbati']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The United States on Friday extended sanctions relief under the Iran nuclear deal because of the curbs on Tehran’s economic, financial and ballistic missile activity, first steps in talks over an easing of sanctions imposed since 2011.\nFILE PHOTO: The United States, the European Union and Brazil are attending the five-day 2014 FIFA World Cup soccer tournament in Brazil June 30, 2014. REUTERS/Bruno Delbom\nSixteen of those new sanctions were imposed by last August with the goal of curbing Tehran’s nuclear program. The lifting of their penalties has attracted the most attention after Tehran shut down the Rafsanjani nuclear power plant and its contract to build the Natanz enrichment site.\nU.S. State Department officials said sanctions relief program monitors and the Disarmament Activities Coordination Center give agency staff a chance to situate high-level international sanctions after the completion of the U.S. review process in September.\n“The administration is confident that the program will not run any longer,” State Department spokesperson Heather Nauert said.\nNauert said that the 15 sanctions remaining under the deal would be kept under review. She did not specify when a final decision would be made.\nWith limited exceptions, high-level U.S. sanctions remained under review in areas where they may be applied. An amendment was added to a 15-item terrorism resolution approved in December.\nIn addition, a resolution approved in December prohibiting the U.S. government from engaging in further cooperation with Iran was also expanded to include sanctions involving Tehran’s ballistic missile program.\nOn Friday, Trump’s administration also removed support for the regional program in a same-sex marriage bill that sought to impose new sanctions on Iranian airlines, hotels and movie theaters.\nThe U.S. Senate blocked the bill in December on the grounds that it violated “protecting the rights of American workers and their families.” The measure was pushed out of the House of Representatives after the Senate rejected it.\n“As many of you know, the U.S. government’s nuclear agreement signed with Iran was an important step toward delivering on its key objectives in nuclear security and economic security,” State Department spokesman John Kirby said.\n“The administration remains committed to protecting the Iranian people, and continuing to work to dismantle Iran’s nuclear program while addressing its trade and oil embargo,” Kirby said.\nEfforts to revoke Iran’s license to import and ship Iranian petroleum products, the United Nations sanctions relief program and other measures halted in December imposed by Trump administration officials had generally ended since the expiration of the sanctions.\nThe new sanctions relief program would include sanctions on eight key Iranian entities, which the administration said were moving toward leaving the nuclear program, the first step in the U.S. review process.\n“This is an important step in securing the international environment for Iran’s nuclear program and we are pleased that we are ending the prohibition,” said State Department spokeswoman Heather Nauert.\n']

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http://www.reuters.com/article/us-usa-japan-china-idUSKCN18D2NL

http://www.reuters.com/article/us-usa-japan-china-idUSKCN18D2NL

U.S. Pacific commander visits Japanese East China Sea listening post

['David Brunnstrom']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Michael Hayashi and company visit an ecological monitoring post in Taipei, Taiwan, on Nov. 5, 2015. REUTERS/Nicky Loh\nTOKYO (Reuters) - U.S. Pacific Command Commander Michael Hayashi visited a Japanese Navy-run installation in the Pacific Ocean near an air base on Monday in a bid to avoid collisions and put U.S. forces on the anti-submarine warfare radar at the base.\nHayashi said he observed an airborne observation of water in a cloud of dust that encircled the island which was installed after Japan’s wartime occupation of South Korea, notes Reuters.\nHe said he was aware Japanese staff were present on the radio, but planned to call for communication with the region’s neighbours before leaving.\nHayashi is the commander of U.S. Pacific Command, which is trying to work out a new and peaceful solution to the increasingly militarized debate over Japan’s nuclear arsenal.\nJapanese officials and security experts have warned Japan of potential nuclear weapons attacks on the U.S. Pacific island base in No. 1 Po’an, close to archrival China.\nFour years after becoming Pacific Fleet commander, Hayashi’s comments have renewed the growing tension with China, who is viewed as a de facto protector of Japan by Tokyo as U.S. Pacific forces expand.\nHowever, U.S. Pacific Command spokesman Staff Sgt. Robert Parry said Hayashi “did not visit the installation during his visit”.\nHayashi said China was aware the location of the installation. “If they’re concerned about this, they should be aware of it.”\nThe base is housed in an air base in the remote Murakami peninsula, close to mainland China. Along with the air base, thousands of U.S. troops and civil officials travel in nuclear gear that is stocked with millions of other items, including medical equipment, with transponders, software, cameras and water purification systems.\nHayashi’s visit comes after the U.S. Pacific Command placed U.S. and Japanese forces on a series of artificial islands within the remote reaches of Okinawa prefecture, which has been under Japan’s domination since its 1910-1945 occupation.\n']

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http://www.reuters.com/article/us-eu-facebook-antitrust-idUSKCN18D2HL

http://www.reuters.com/article/us-eu-facebook-antitrust-idUSKCN18D2HL

Facebook faces EU fine over misleading WhatsApp data: source

['Foo Yun Chee']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Facebook Inc will be fined by the European Union and has a planned prosecution in China over the 1 billion user page’s use of WhatsApp, a source familiar with the matter said on Friday.\nFILE PHOTO: Facebook post on a poster of WhatsApp on his Facebook page with the user name, Sheryl Sandberg, signifying WhatsApp, read in English. REUTERS/Alex Heflin/File Photo\nThe company is under investigation by regulators in Britain, Germany, Sweden and the United States, according to the source, who requested anonymity because the matter is confidential.\nIn a filing to U.S. regulators in November, Facebook said it planned to seek a fine of 14.5 billion euros, “which would be approximately 12 percent of the value of the WhatsApp license” that it had offered in the United States and Europe.\nA spokeswoman for the European Commission declined to comment.\nFacebook is the world’s third-largest social network, after WhatsApp and Facebook Inc, and the fourth-largest.\nChief Executive Mark Zuckerberg said on Thursday that three of his top five biggest goals in 2021 and beyond are: creating better products that promote kindness, finding more ways to connect with people, and fighting corruption.\nFacebook’s Europe woes began as it blocked three friends on its social media website from inviting people to send each other explicit images of themselves. One person did, and Facebook had been in contact with the person responsible and instructed them to take the matter to a top prosecutor in the European Union and the United States.\nFacebook will be fined EUR175 million ($166 million) and ordered to end the contacts “indefinitely”, Facebook said.\nThe scale of the fine, which will be delivered to the EU regulator for the first time, would be unprecedented. Although penalties are rarely imposed on companies, they may be increased if the Commission determines that employees made poor or unsafe decisions about users.\nThe EU had already fined Facebook $5.5 billion last year for misleading the public and letting companies like its own, without market-making, establish an over-the-top video service.\nGermany’s federal regulator is planning to issue one arrest warrant for Zuckerberg for misuse of social media during the last days of the presidential campaign.\nFacebook, the second-largest social network behind Twitter Inc, was forced to compensate companies not named in the Swiss case last year.\nEU antitrust regulators are still seeking reports on whether Facebook is slowing down competition in countries that don’t already have advertising blocking tools.\n']

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http://www.reuters.com/article/us-fintechinvestment-blockchain-token-idUSKCN18D2TS

http://www.reuters.com/article/us-fintechinvestment-blockchain-token-idUSKCN18D2TS

U.S. firm to launch sale of digital token for forex trading

['Gertrude Chavez-Dreyfuss']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['AMSTERDAM (Reuters) - U.S. digital token maker DAREO will sell its digital token on its exchange desk to a U.S. bank for about $12 million, which could complete a deal to enter a hybrid token deal, the company said on Tuesday.\nDAREO, also known as Signal Technologies, is worth almost half a billion euros ($13.47 billion) but has a strategic focus on exchange sales. The company is currently selling to a Korean bank for $5.4 million, in exchange for its digital tokens.\nUnder its new deal, DAREO would issue tokens to its customers and offer their payments to those customers in crypto currencies such as bitcoin and Litecoin. It is expected to start trading crypto currencies with token sales by the end of the year.\nDAREO said it is not unusual for other players to combine their digital tokens trading platforms to enter the hybrid token deal. JPMorgan (JPM.N) announced a similar deal on Tuesday.\nDAREO’s token sales will leverage its goal of reaching as many customers as possible on a blockchain platform, eliminating the risk that any of its users would get hacked or transferred to another account, which could halt trading.\n“My only hope is that this development along with other solutions from DAREO will further enhance the expertise of the company and the use of our technologies. This gives the market an option to do more than just do token sales,” DAREO Chief Executive Muriel Cohen told reporters.\nThe inventor of the technology named Daniia Maloujian said DAREO’s decision to forex its digital tokens coincided with a shift in the global digital economy from trading to sales of commodities such as oil and commodities such as gold.\nDAREO has capital markets trading desks in New York, London, Singapore and Tokyo, as well as a New York-based technology desk for mobile messaging and cloud-based storage services.\nEMEA BRINKS TO RUN OUT OF AID\nBitcoin trades as much as 4 trillion-9 trillion dollars and has been up for about a year. Its volatility has at times soared and more or less plateaued until a few days ago when bitcoin reached $19,400.\nBitcoin’s market capitalization has jumped past $3 trillion in a month.\nDAREO and other companies have been winning increasingly lucrative deals to provide crypto-currencies in exchange for precious metals - such as gold - or other cryptocurrencies that they hope can become “strategic clouds”.\nDAREO, which also supplies Bitcoin wallets, is also building a cross-industry blockchain service to enable retailers, banks and other financial institutions to securely store digital products.\n']

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http://www.reuters.com/article/us-usa-trump-russia-house-idUSKCN18D21T

http://www.reuters.com/article/us-usa-trump-russia-house-idUSKCN18D21T

U.S. Democrats try to force vote on independent Russia probe

['Patricia Zengerle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Democratic lawmakers intend to ask the White House next week to seek a special prosecutor to investigate Russian interference in U.S. elections and potential connections to possible links to the Trump campaign.\nU.S. Secretary of State Mike Pompeo delivers a speech at the National Press Club in Washington, U.S., November 29, 2018. REUTERS/Aaron P. Bernstein\nA senior administration official, however, told Reuters on Thursday that a request to question another member of the administration may be premature and likely raised procedural issues. Such a move could block any move forward, one of the top official said.\nU.S. senators, led by former state and local officials, said on Tuesday that they will introduce a motion to subpoena Michael Flynn, Trump’s former national security adviser, to appear before a Senate Judiciary Committee hearing.\nHis vote is expected within the next few days.\nLast month, Representative Chris Collins of New York filed a separate request to subpoena State Department spokeswoman Heather Nauert over an investigation by the United States’ Ethics and Compliance Office into Flynn.\nFlynn, a former foreign policy adviser to Trump’s transition team, has pleaded not guilty to 25 criminal charges linked to Russia, including using illicit campaign funds to try to influence U.S. elections.\nFour Democrats say they believe Flynn should testify publicly at least once before the committee. Democrats allege that during his days as a top adviser to Donald Trump, Flynn discussed with Kislyak the intentions of U.S. lawmakers, notably Hillary Clinton, to build a relationship with the Russian president after Election Day.\nFlynn and other top Trump officials strongly deny this. Trump has said that Russia’s actions were “unjust.”\nThere have been no public statements from Vice President Mike Pence or national security adviser John Bolton, who is also under criminal investigation.\nThere were also no public statements from Vice President Mike Pence or State Department spokesman H.R. McMaster.\nU.S. Intelligence officials have said a high-level administration official contacted by Mueller about Flynn could have contact with a former Trump campaign adviser or a Kremlin operative, and that an effort to arrange communications between the campaign and Russian officials may have been initiated shortly after the election.\nHours after U.S. House Intelligence Committee Chairman Devin Nunes first told the committee about his investigation, Republican Representative Ted Lieu of California renewed his call for the Special Counsel to investigate.\nCongressman Lieu said the probes were sensitive and it was crucial that Mueller be able to investigate the possible connections to Trump associates, especially if they are related to Russia.\n“I believe that if the allegations are true, then it would create a credibility issue for the president,” Lieu said.\nNew York Democrat Charles Rangel, an ally of Trump who chairs the U.S. House of Representatives Committee on Oversight and Government Reform, has expressed concern that the probes could put restrictions on Trump’s ability to communicate with his staff.\n“I think it’s also a bad precedent to say, ‘Hey, you’re going to call the special counsel, I’m going to call the special counsel,\'" he said.\n']

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http://www.reuters.com/article/us-thyssenkrupp-m-a-tata-steel-idUSKCN18D0O5

http://www.reuters.com/article/us-thyssenkrupp-m-a-tata-steel-idUSKCN18D0O5

Tata pension deal raises questions for Thyssenkrupp merger

['Arno Schuetze and Carolyn Cohn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["BERLIN/FRANKFURT (Reuters) - Thyssenkrupp’s (TKAG.DE) proposed merger with France’s Kistler (KISTJ.PA) is causing concern for Thyssenkrupp shareholders, and Thyssenkrupp says merger will not be approved, despite requests from several investors.\nThis month, M&A prices for two share holdings dropped as much as 25 percent, and numerous advisers have advised investors to divest their stakes of 9.6 percent of U.S. metal giant BHP Billiton (BHP.AX) (BLT.L), BMW AG (BMWG.DE) and London based Lancia (LIVE.L).\nThe outcome of the review, which began in October and was led by Lazard (LAZ.L), the banker advising on the merger, has been described by Thyssenkrupp as extremely fragmented. (bit.ly/2SZnt9r)\nAsked if the deal would be approved by shareholders, spokesman Georges Müller told Reuters, he replied, “Yes, we will be.”\nThyssenkrupp has on several occasions said it may not approve the merger. However, investors reacted in fair and forceful fashion to an attempt to treat Thyssenkrupp shareholders with higher payouts.\nThe merger would have a significant knock-on effect on the sector.\nInvestors opposed the deal because Thyssenkrupp’s stated aim is to have 100 percent of the combined company’s earnings in shares, essentially eliminating DNV GL. It is also opposed to giving Thyssenkrupp’s holding in joint shareholdings to shareholders’ Trust K2.\nDeutsche Bank (DBKGn.DE) and ING Groep said Thyssenkrupp’s stake and control would be severely impacted by the deal, further leading to activist investor and corporate affairs manager Vrszal Gajajska taking the reins as CEO.\nTom Outten, who has led KDBGERGER since 2012, had opposed the transaction since its merger with DNV GL was announced.\n“The major public outcry has driven a change in management philosophy. The return to shareholders’ power should not continue,” leading pension fund SUFA's Ohrstofund said on Wednesday.\nThe proposed merger is expected to create a behemoth that is unlikely to satisfy antitrust regulators, which have been sceptical about the potential benefits of the combined entity.\n“Rejecting the merger would be perceived as a negative move on the whole market,” concluded FTN Financial, which calculated the transaction will make it the top 10 biggest-ever merger on the 10 largest combined companies, in terms of earnings.\nIn another market consolidation, Unilever (ULVR.L) has not ruled out a potential sale of its $15 billion (10.76 billion pounds) Dutch consumer products unit Unilever (ULVR.HE), though the former was not mentioned as a possible target.\nUnilever said it was committed to being a synergistic company, and that it was strategic about the combination but had not been approached by Vivendi (VIV.PA) about a potential takeover.\nJean-Claude Valls, Vivendi’s chairman, has already expressed concerns about shareholder dilution, or having negative impact on shareholder returns, and emphasized that he would have approved any agreement that would not include all existing shareholder rights.\nVivendi’s Vodafone AB VOD.MC owns a one-third stake in Unilever and warrants have already been issued, and Vandre-Laruss said the volume of share options under consideration meant some shareholders wanted to be more vocal.\nHowever, taking the top spot in shareholder price points by 1,964 points versus Unilever, Unilever’s rival, said the results would not necessarily be affected by the offer.\nUnilever shares were up 0.4 percent at 23,800 reais by 1020 GMT, while Unilever’s were up 0.1 percent to 4,768 reais.\n(Story changes from bullet point 5 of 13)\n"]

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http://www.reuters.com/article/us-ubisoft-m-a-vivendi-idUSKCN18D1HJ

http://www.reuters.com/article/us-ubisoft-m-a-vivendi-idUSKCN18D1HJ

Ubisoft more attractive for Vivendi as shares fall

['Wout Vergauwen and Sophie Sassard']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Vivendi shares have fallen on concerns over plans by Vivendi\'s chief Jean-Marie Messier to quit as CEO by March 5, but are still down 4.6 percent at nine-month lows.\nEuropean companies have not seen any clear signs of their balance sheets recovering as the market turmoil of the last few weeks has dragged on earnings.\nStill, the latest ADR data released on Friday paints a worrying picture of how the French media group has fared in the last five years and underscored one of the toughest situations in the firm\'s history.\nPeople familiar with the deal had said Vivendi was keen to see Messier lose his mandate because the sector was struggling to recover and its exposure to telecoms operators was growing more material than its economy.\nStill, the company has been encouraged by the fact its biggest shareholders are believed to be increasingly willing to sell the 10 percent stake they own in Vivendi to reduce their stake. The deal is seen as a lifeline for Vivendi.\nMessier, who joined from France\'s Canal+ group in 2006 as chief financial officer, has run the firm for 13 years and has held several positions as an executive in the U.S. and international telecoms operations.\nWeak results last year set a mood for 2017 for Vivendi\'s Vivendi unit. The display products group posted a 9 percent drop in quarterly revenue, and the legal issue the conglomerate had with France\'s Economy Minister Arnaud Montebourg could impact revenue this year.\n"I think it\'s a response to all the problems we saw last year. It\'s not about the margin, it\'s about the valuation of the business and I hope this will last longer than people had hoped," one senior Vivendi executive said.\nInvestors should not underestimate Messier\'s political ambitions, given his star profile. Relations with some rivals, including the PSI, Le Monde and French rival Groupe Matin, have been strained over him being the next president of France.\nThe French rights control Corp, whose 49 percent stake in Vivendi is in the hands of local holding company Vivo of France, fell by a third this year to just under 2 percent after Dutch investment bank RBC cut its earnings forecasts.\nVivendi said in November that it planned to sell its remaining 19 percent stake in the iVue joint venture between Australian online streaming service Ziggo and Vivendi\'s Icopecta cable television business and a stake in satellite joint venture Foxconn.\nVivendi in 2016 reported a 76 percent drop in first-half EBITDA to 639 million euros ($865 million) and a 90 percent plunge in 2013. Last year it ended the year with a total of 12.9 billion euros.\n(Reporting by Wout Vergauwen in Paris and Sophie Sassard in Singapore; Additional reporting by Ulf Laessing in Hong Kong; Editing by Gabriel Stargardter)\n']

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http://www.reuters.com/article/us-new-york-crash-scene-idUSKCN18E2ZM

http://www.reuters.com/article/us-new-york-crash-scene-idUSKCN18E2ZM

Mayhem in Times Square: Car leaves path of destruction

['Daniel Trotta and Andrew Chung']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK/SALMON, Idaho (Reuters) - Of course there were yellow seats going on behind the Carrying Light, but there was more than one guy lucky enough to cross the art walkway that provided a respite to New Yorkers stranded in Times Square due to Hurricane Sandy.\n“There were a couple thousand people left on the sidewalk today, including an elderly woman standing on a wheelchair with her paralyzed right arm and her now four-year-old son who’s almost two years old,” said an MTA spokesman.\nThe afternoon rush was “sloppy” with more than 12,000 passengers stranded at New York’s Penn Station and two subway stations due to the storm.\n“I can’t drive through traffic for New York City anymore so I lost all hope,” snapped one woman, adding, “My legs feel like frozen balls.”\nThe ride from Penn Station to the Times Square subway station began at 5 p.m. EDT and was delayed about an hour as people moved about by dragging some belongings and piled onto cars. Some passengers were stuck in bags and even stranded at a temporary transportation entrance.\nTerrified New Yorkers prepared to buy more than a dozen solid blocks of MCDENT in hope of finding their way back home before the storm passed.\n“We’ve all come together in spirit and putting our personal possessions aside,” said one.\nNational Guard jeeps took on some tough-to-use cabs and shouldered most of the shock. One person’s luggage was thrown from their vehicles and their cars were swaying as they approached New York City’s main post office.\nA bridge and pier line leading from Penn Station to the Transit Authority were overwhelmed with people, although there were people walking their dog on the expressway at times.\nSomeone trying to walk across the Statue of Liberty lost the harness on a floorboard that was holding the benches where tourists left the beloved space on their own.\nCulture artist Camille Moore dressed in a turquoise-hued headdress with feathers. All of her pictures are worth about $50 each.\n“I can’t believe my walk is due to Hurricane Sandy. People put up store racks with blankets for them to come and stay for the night,” she said.\nOther than souvenir shops, people on the sidewalk rebooked for Christmas, and never felt unsafe. Some were unsupervised, not on school grounds.\nMoore had a list of items before the storm. The tree, for example, was small, the cup holders and the Popsicle sticks for creative theater rehearsals.\nSome were left empty bags, ready to land on the curb.\n“The parking lot is a mess. By the time I go back, I’m going to spend the night at the Post Office,” she said.\nThe MTA is awaiting receipt of the reports of lost subway business, and Wednesday morning offered several hours of surveillance to catch thieves before getting in trouble with customers.\nVandalism was the only act of violence on the sidewalk.\n“We’re just overwhelmed,” Moore said. “The storm brought horrible torrential rain and butts all over the city, but nothing has left.”\n']

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http://www.reuters.com/article/us-new-york-crash-idUSKCN18E2D1

http://www.reuters.com/article/us-new-york-crash-idUSKCN18E2D1

Motorist crashes into Times Square crowd, killing one person, injuring 22

['Daniel Trotta and Jonathan Allen']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['People walk past Times Square during a snow storm in New York, New York, December 31, 2017. REUTERS/Brendan McDermid\nNEW YORK (Reuters) - A man with a heart defect crashed into a crowd of people during a snowstorm on New York’s Times Square, killing one person and injuring 22 others, police said on Monday.\nWhile the video does not appear to be of a knife-wielding man, police reported seeing the man from eastbound Manhattan Avenue exit the intersection around 9 p.m. EST.\nThe driver, identified as 67-year-old Robert Burns, also suffered a broken arm and was taken to a hospital, while a second man was taken to Lutheran Health Services for a concussion.\nThe first 10 feet of snow fell at least 30 minutes before Burns was struck, and businesses were closed while police focused their attention on the men who got out of a car in front of the Times Square intersection.\nAbout two dozen members of the media drove to the scene, a spokesperson said. Police stopped traffic in both directions and started operations from both ends of the highway.\n']

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http://www.reuters.com/article/us-new-york-crash-accused-idUSKCN18E349

http://www.reuters.com/article/us-new-york-crash-accused-idUSKCN18E349

Accused Times Square driver’s troubled past included Navy prison

['Jonathan Spicer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - A man who police say was the first scammed by Times Square security team in three decades has been fined more than $1 million by a federal judge in New York, the latest victim of an investigation that has turned into a swirl of legal wrangling over who was right to carjack Times Square tourist.\nOfficials say that Andrew Kovacir, who run marque Michael Kovacir.com in New York, never got a pass from the Times Square surveillance team and stole the security camera of a home in the area where he had been living as a teen-ager.\nKovacir, 65, was convicted on criminal charges of evading, falsifying and stealing his clothing from cars parked up near Times Square before he was sentenced to five years in prison in November. He was also ordered to pay $385,000 in restitution.\nKovacir’s lawyer, Brian Bennett, said on Wednesday that the eight-month criminal case, which accused Kovacir of possessing hundreds of forged IDs and stealing or attempting to tamper with seven vehicles that had been parked on a residential street in the vicinity of Times Square, was partly a result of a culture of deception that included fraud, if not outright stealing.\nNew York City Attorney Andrew McMahon had claimed that Kovacir, who owned several Ford Transit vans and a van and bought one in 2008, “should never have been able to get a bank card for his own identity,” McMahon said in a statement.\nThe district attorney’s office had sued for hundreds of thousands of dollars in damages and estimated the amount under the new-law class action settlement.\nThe case highlighted a culture of deception at one Times Square restaurant that hobbled scores of American tourists and was an issue raised by one of the world’s most recognizable professional movers from television shows and films.\nIt also left the daughter of a Times Square police officer a recurring headache for officers who struggled to keep cars in his line of sight and evade him.\nThe attorney for Michael Kovacir, who declined to comment, told Reuters that he had been responsible for the robbery of 22 cars in 2011 and that Kovacir never stole any of them.\nBennett cited sections of the new-law settlement in his statement to U.S. District Judge Paul Gardephe last week that found he did not have a crack at the statute of limitations for the violations, saying the misappropriation of identity and other resources was “preventable” under the old law.\nClerk Pulls Out Machete on Would-Be Robber\nA would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.\nAccording to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own. (Reporting by Jonathan Spicer in New York; Editing by Matthew Lewis and Steve Orlofsky)\n"]

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http://www.reuters.com/article/us-mideast-crisis-syria-usa-idUSKCN18E2JU

http://www.reuters.com/article/us-mideast-crisis-syria-usa-idUSKCN18E2JU

U.S. strikes Syria militia threatening U.S.-backed forces: officials

['Phil Stewart and Suleiman Al-Khalidi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON/DUBAI (Reuters) - U.S. military strikes carried out last week struck Syrian militia involved in the fight against foreign troops, a U.S. official said on Thursday, as deadly protests against the air strikes continued in Syria.\nU.S. President Donald Trump shakes hands with a Syrian soldier during his visit to Afghanistan during his first official state visit, in Kabul November 19, 2018. REUTERS/Mohammad Ismail\nMore than a dozen towns have been seized from Syrian rebels and Iraq’s Kurdistan Democratic Party in recent days, and U.S. aircraft struck at several locations in the country, with the strikes carried out in coordinated and targeted attacks on the air brigade, the official said.\nA statement issued by the Special Operations Operations Command in Kandahar, Afghanistan, on Thursday called on its Syrian allies to destroy the terrorist group YPG militia and stop launching attacks at strategic targets, and on political parties that support the PKK militant group, including Prime Minister Nuri al-Maliki’s own party.\n“We know the terrorists are pouring poison all over the Lebanese people in Beirut to kill hundreds of Syrian Americans and Americans in Beirut because the bombing is effective at demonstrating the extremist forces to have nothing to do with Syria,” the official said.\nSyrian President Bashar al-Assad’s government and pro-Russian rebels are battling to carve out a middle ground against jihadists from Turkey, Iran and Iraq who have taken control of majority Syrian territory since 2015.\nMore than 90 people have been killed and scores wounded in Syria’s civil war, the deadliest in the three-year conflict that has killed more than 50,000 people.\nOPINION: Obama, Trump and their doom and gloom comments on Syria\nWhile Kurdish groups agreed in principle to support the rebels in Syria, others have called on their Syrian allies to halt their campaign and accept U.S. targets for attack.\nThe Syrian government and central government control Kurdish-held territory in northern and eastern Syria, along with areas claimed by al Qaeda-linked fighters, have targeted non-regional militant groups in what it says is a bid to weaken Damascus.\nThe Central Committee of Iraqi Kurdistan said on Thursday that it had rejected a U.S. request to withdraw its forces, at least temporarily.\n“We are a political entity and we see now everything under the United States. It is close and our comrades also see what’s going on under the United States (which) says that we are with or against these insurgents and not against Daesh,” the Committee said in a statement.\nA U.S. official familiar with the negotiation said on Wednesday that the Trump administration was calling for a pullout of U.S. troops from Syria, but less than a week after Obama announced an end to air strikes.\nThe official said: “The U.S. is looking at pulling out military help this way. But it is not close and not substantial. There’s a lot of work to do.”\nU.S. forces were not involved in the strikes on the Syrian armed forces last week. However, Trump himself signaled this week that he was open to a pullout to end the violence.\nThe UN Security Council imposed “excessive force” on the Syrian opposition in Syria in September, claiming it was a deliberate effort to obstruct Assad’s efforts to turn the country into a buffer zone for rebels fighting alongside him.\n']

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http://www.reuters.com/article/us-northkorea-russia-ferry-idUSKCN18E2AA

http://www.reuters.com/article/us-northkorea-russia-ferry-idUSKCN18E2AA

New ferry links North Korea and Russia despite U.S. calls for isolation

['Valeria Fedorenko']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['KANSAS CITY, Missouri (Reuters) - A new ferry has already put North Korea inside NATO’s only Western shipping carrier, potentially allowing the tiny country to bypass the ban on its citizens traveling over the Sea of Japan.\nKandahar, a bridge and bypass route cut through a contested territory, has already shut down its cargo shipments, Western officials said on Tuesday, when U.S. Secretary of State Mike Pompeo publicly declared the stalled vessels unsafe.\n“We’re hopeful that the new vessel that gets opened will be one of the major vessels of the North Korean people traveling over the Sea of Japan,” said Alexander Korotko, an acting U.S. diplomat at NATO’s Jacksonville Regional Office in Florida.\n“We certainly hope that the new ship will be one of the major vessels,” he said.\nThe new vessel at least partly gets along well with North Korean sailors after a military test flight two weeks ago. But the ship has once again turned in routine traffic, forgoing a regular route to Manama, Bahrain, despite a ban from Seoul and Moscow.\nIn its first week in office, the North Koreans are seeking ways to bypass tariff-based restrictions to the south. At least one of the three vessels headed to the route - Adawawa Bus Terminal in Havana, Cuba - did not have transportation to the south.\n“It’s a good sign that there are rules in place,” said Barb Giovanice, director of the National Defence Commission in Seoul.\nAbout 280 people were on board a cargo ship - the AdawawaBus, the Adawawa Sovran, the Aawawa Bus-NextDoor-Ri and the Sundown-Ri - when the vessel flew at all time over the contested sea, Mach 3.6, Farnam said. The chartered transporter carried more than 600 tons of cargo when it was flying out on Dec. 27.\n“Overall the plane wasn’t anywhere near the four of them,” said Giovanice.\nCALLS FOR SALE BY OSCARSA\nIn Pyongyang, Saao-2, the service’s newer, cheaper flight to Jebel Ali, about 150 km (93 miles) from the port of Busan, was overseen by Robert Elliot, head of the shipyards.\nWorried about possible sanctions from the United States and Europe over North Korea’s missile and nuclear weapons programs, authorities have even increased sanctions on South Korea and the U.S. ambassador to the United Nations, Samantha Power, says.\n“It’s become a world problem. Every day that people actually call us for assistance is a little bit worse,” Power told reporters on Jan. 1.\nThe service also tracks its movements from when it arrived in Cuba, intended to generate revenue, Power said.\n“It was thought as far back as 2005 that the ships operated within global shipping, in the international industry - not just the world-wide market - but also around the globe.”\nPetrotransport, which tracks cruise ships via the Norwegian Cruise Line fleet, said on Jan. 1 that it had severed all links to the province of Sanna, south of Seoul, the capital. It said a $5 million South Korean bond program there and its cargo cargo ports were closed.\nA spokesman for South Korea’s government did not immediately respond to requests for comment.\nThe governor of Sanna, U.S. Representative Peter King, speaking in Panama City to reporters last week, said on Jan. 4 that “everything’s in order to allow the North Korean people to reach their destination safely, safely and safely.”\nBut Kyung Hee Hwan, a representative of the exiled Republican Party of Korea, called for cancelling the decision: “It’s an unprecedented tactic that Trump alone must use to stir up concern.”\n“Some have misunderstood the last thing this place is about is isolated North Korea, which keeps North Korea’s very robust nuclear program. There is no anger towards them and if the new port (is opened, it will still be open,” he said.\n']

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http://www.reuters.com/article/us-usa-healthcare-lawsuits-idUSKCN18E2OH

http://www.reuters.com/article/us-usa-healthcare-lawsuits-idUSKCN18E2OH

Democratic attorneys general seek to intervene in Obamacare case

['Dan Levine, Lawrence Hurley and Yasmeen Abutaleb']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PHOENIX/WASHINGTON (Reuters) - Democratic attorneys general in Arizona and California sought a Supreme Court’s intervention on Thursday in the civil rights case against the federal healthcare law known as Obamacare, which led to a divisive showdown in Washington and the rise of lawmakers in Washington.\nU.S. President Donald Trump speaks at the start of the fifth annual Martin Luther King, Jr. holiday vigil in Washington, U.S., November 22, 2017. REUTERS/Carlos Barria\nThe ruling by a three-judge panel of the U.S. Court of Appeals for the 3rd Circuit would give individuals who buy insurance through state exchanges in states such as California and New York the option to sue Obamacare, effectively giving the California and Arizona plaintiffs leverage over the U.S. Supreme Court.\nThe plaintiffs, generally people with pre-existing medical conditions, would face a fee and federal subsidies to help fund the coverage expansion in October, 2015.\nIn a statement, California Democratic Attorney General Xavier Becerra called the decision “a setback for millions of Americans that have reached the finish line of healthcare access.”\nBecerra said Obamacare opponents in Arizona and California would face “conclusion in court that the Affordable Care Act has not been fully implemented.”\n“Medicare died on a silver platter, not a bronze platter,” he said.\nThe Arizona case has become a test case for the Supreme Court this year over how aggressively the court can follow federal appellate rulings as it weighs case precedents related to Obamacare’s healthcare provisions.\nThe Arizona case, which was the first to involve Obamacare, involves a challenge by health plan employees to the law’s requirement that employees buy insurance, and required them to verify one person’s age and income and disclose their medical history.\nObama-era laws governing health insurance provisions not only did not comply with the case’s requirements, but also exempted employees and families.\nAppeals court rulings such as one issued in 2013 for the federal HealthCare.gov health insurance marketplace, focused on whether the law applied at all to all participants in the exchanges.\nMost of the states were not able to prove that the changes in Obamacare pushed to the exchanges by the Affordable Care Act threatened federal agents’ freedoms and put expensive, expensive care at risk.\nThe case was brought by Arizona Attorney General Xavier Becerra, who argued that the federal government should not attempt to levy higher court challenges on the group targets, and that the court should send the case back to the lower court to consider the existing law.\nBecerra and Washington attorney Michael Wood, joined by three other former attorneys general, argued that the Department of Justice violated federal law by exempting insurance company employees from matching federal government subsidies to their health insurance premiums.\nThe federal government disagreed. It says those who did not pay the federal subsidy are not entitled to federal benefits.\nThe Supreme Court should not be confused with the current Supreme Court — “the Court already finds the statute unconstitutional,” Scalia deadpanned.\n']

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http://www.reuters.com/article/us-usa-immigration-visa-idUSKCN18E35H

http://www.reuters.com/article/us-usa-immigration-visa-idUSKCN18E35H

U.S. academic groups oppose Trump’s visa-vetting plans

['Yeganeh Torbati']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The U.S. academic groups that have criticized the immigration policies of President Donald Trump announced a temporary reprieve for visas to Syrian refugees in the coming weeks, shortly after he announced that U.S. critics will not back his efforts to bar the new administration’s stance on refugees.\nThe pro-immigration, pro-Trump Middle East Forum said in a statement that its group, Students for a Diverse Economy, had “refused to continue raising pressure from the academic community on the administration’s phasing out of a sensible and reasonable refugee ban.”\nTrump’s immigration policy has been criticized by immigration rights organizations, academics and U.S. lawmakers who argued that the change is needed because thousands of Muslims are being denied entry. More recently, parents of U.S. military personnel come to the aid of families who have been separated from their children.\nU.S. Citizenship and Immigration Services (USCIS) said in an email that it was in the early stages of updating its revised policy governing the entry of refugees, but would not comment further.\nTrump announced on Thursday that he would temporarily ban all Muslim refugees from entering the United States for 15 days, as part of a series of measures to curb immigrants from seven Muslim-majority countries and those from seven other countries.\nAt the same time, USCIS noted in a statement that the new rule "should be applied narrowly to individuals with respect to race and national origin, and not toward anyone with a particular faith, religion or political opinion."\n']

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http://www.reuters.com/article/us-brazil-markets-idUSKCN18E31I?il=0

http://www.reuters.com/article/us-brazil-markets-idUSKCN18E31I?il=0

Brazil markets plunge as Temer scandal threatens reforms

['Bruno Federowski and Dion Rabouin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAO PAULO (Reuters) - Brazil’s markets were plunged on Thursday by greater-than-expected tax and budget cuts as the country’s powerful unions announced on their Labor Party’s platform for election, a fight that analysts said could have deep political repercussions.\nTemer’s predecessor, Brasilia Mayor Luiz Inacio Lula da Silva, who ran against his predecessor Dilma Rousseff in Brazil’s first election in 1992, started a three-day visit to help Argentina deal with the crisis in Latin America’s largest economy.\nMany Wall Street stocks have already begun to slide in the wake of a scandal that rages on over Temer’s questionable use of government funds to campaign against Rousseff during last year’s elections.\nTemer’s allies have accused him of using Brazil’s public-sector unions to garner support and keep Congress’ approval rating at a record low.\nU.S. investors also continue to focus on waning earnings outlooks from miners, which are facing slowing growth and concerns over the weak dollar.\nAs their bond yields are falling and stocks on the other side of the spectrum are in free fall, currency exchange rates should remain at risk, said Loren Rojas, a Brazilian economist at BGC Partners.\n“Having said that, I think you’re almost going to see a very high activity level in Brazilian currency markets, which will have a negative impact on the FX market,” Rojas said.\nBrazil shares also rose on the resumption of Day 31. At 12:55 p.m. (1755 GMT), Brazil’s A index .GSPI was down 11.3 percent at 6,736.05, the lowest since September 13. The indexes had gained more than 1 percent over that period.\nThe U.S. dollar .DXY closed up 0.9 percent at 92.43 reais, lifting the nation’s borrowing costs.\nThe fate of industrial and non-financial companies remains uncertain as company earnings from the U.S. Census Bureau show little momentum for a recovery.\nMSCI’s index of Latin American stocks .MIWD00000PUS was down 0.1 percent.\nIn the United States, Dow Jones Industrial Average .DJI was down 0.3 percent, to 22,413.25, and Nasdaq Composite .IXIC fell 0.1 percent to 3,086.45.\nLeading shares on the Frankfurt Stock Exchange .DXJ had dropped nearly 2 percent as it was pressured by selling from lenders and a drop in oil prices. OIL was down 0.5 percent at $96.14 while Brazilian stocks, in particular, fell strongly.\nU.S. President Donald Trump weighed in on Twitter on Thursday, saying the U.S. might well dump tariffs on steel and aluminum imports if any aluminum-bearing material exports to Europe were affected.\n“Any further U.S. dumping of tariffs on steel & aluminum will be welcomed by the U.S. economy and will ultimately lead to more growth & jobs. I will continue to work toward normalizing markets with all other countries,” Trump said in a Twitter post.\nBut prices of soybeans slumped 7.2 percent to $6.099 per bushel in Sao Paulo state, the biggest fall since July 2013, after that round of crop price cuts.\nThe CBOE index .CBOE AOB was down 1.1 percent at 10,791.81.\n']

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http://www.reuters.com/article/us-global-oil-idUSKCN18E06K?il=0

http://www.reuters.com/article/us-global-oil-idUSKCN18E06K?il=0

Oil at one-month high, supply-cut extension expected

['Julia Simon']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Crude oil prices were set to almost three-month highs on Wednesday after nearly three years of oversupply, signaling a brighter outlook for the world’s biggest market and boosting global sentiment.\nAn oil pump is seen at an oil field in the town of Wabash, Michigan, U.S., September 16, 2017. REUTERS/Rebecca Cook\nU.S. crude futures, which had been on track to trend higher, fell $1.85 to settle at $48.04 a barrel after touching $48.53, their highest close since May 2016. Brent futures CLc1 ended at $50.11 a barrel.\nA strengthening dollar boosted sentiment on Monday, where the rig count, the number of U.S. crude rigs operating in the oil patch, rose last week to 1,219, the highest level since November 2016.\n“Crude supply will continue to tighten on the back of continued oversupply,” said Jon Reisner, oil analyst at RBC Capital Markets.\nThat output decline is the second-largest since the OPEC agreement in 2013 to lower global crude oil output by 5 percent below the previous year’s levels. The industry blames that on a delay in major projects such as the Trans-Alaska pipeline project, which was expected to start before late September.\n“We’ve had a five-year buyback through 2016,” RBC’s Reisner said. “We expect 2017 will see that factor in, and it’s not too far off.”\nBrent for February delivery settled at $48.07, up $1.42 at $48.92 a barrel. The benchmark oil contract rose 3 percent last week.\nU.S. West Texas Intermediate (WTI) crude futures CLc1 settled at $46.24, up $1.47 at $48.96.\nTraders added to the data on Monday, with data showing U.S. crude production rising to 392,400 barrels per day (bpd) in December, up 33,000 bpd from December.\nThat was a boost for Brent as it was hard to see how the increase reflected any positive cost or production data.\nBut a stronger dollar triggered dollar flows by overseas oil companies also helped.\n“The strength of the dollar has had a positive effect on Brent prices, but the latest weakness in U.S. crude oil prices reflects a higher global demand growth and a faster (inflation) recovery than we saw just a few weeks ago,” said Min Tai, chief economist at Shanghai Petrochemical Corporation.\n“Total demand in Europe was 1.61 million bpd higher than the second quarter of 2016, which is a return to 0.57 million bpd in August,” Tai said.\n']

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http://www.reuters.com/article/us-hedgefunds-salt-ackman-idUSKCN18F00D?il=0

http://www.reuters.com/article/us-hedgefunds-salt-ackman-idUSKCN18F00D?il=0

Humbled by Valeant, Ackman goes back to basics

['Svea Herbst-Bayliss and Lawrence Delevingne']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Canadian drugmaker Valeant Pharmaceuticals International Inc cut its profit and revenue forecasts for 2017 on Wednesday, cutting short its annual profit and revenue and slashing more than $200 million from its dividend, but it held out for more cost cuts.\nValeant’s shares were down nearly 3 percent in early trading.\nThe company, which has battled pill-makers in the U.S. and Canadian markets over the years, had been expected to earn $3.81 to $3.95 per share in 2017. The consensus was $3.85 to $3.86 per share, according to Thomson Reuters data.\nThe company was forced to record a charge of $3.21 billion due to an accounting scandal that followed a massive deal with U.S. pharmacy chain Rite Aid Corp (RAD.N) in 2014, which resulted in it paying out almost $5 billion.\nValeant executives said the P&L impact of the payout showed the company did not turn a profit that high.\nChief Executive Mike Pearson said he expected Valeant would pay down the dividend. Shares of the Canadian company, which is controlled by Paul Varga and John Corvino, rose about 7 percent to $36.55 in after-hours trading.\nValeant cited a new cost measure, which affects the dividend, which it paid in December, in lowering its projected free cash flow, and expected in the first quarter that the first-quarter cash flow would be $150 million lower than was predicted.\nThey reiterated the company’s full-year outlook for earnings of about $3.50 per share.\n“It represents a slight change in the guidance and the expectation of the business for 2018,” CEO Mary Kay Henry said in a statement.\nInvestors appeared undeterred by Valeant’s repeated previous criticisms of the company. The stock was the second-worst performer on the Toronto Stock Exchange for the past two years, trading at 13 times sales.\n“The world is looking to alternatives, so we really believe that that is going to be the future of Valeant,” said Paul Nolin, an analyst at Robert W. Baird & Co.\nHe said the quality of Valeant’s business is improving, resulting in more of an “indistinguishable quality” for Valeant.\n“Without an additional surprise, I believe that in the short term the company has a solid business opportunity,” he said.\nCFO Matt Fernandez told analysts on a conference call that the company would stop short of its dividend cut and instead want to stay on track to generate about $1.45 billion in free cash flow next year.\n“Our focus is going to be on maintaining our dividend and keeping our funding commitments and we’ll provide another excellent opportunity for distribution and payments later in the year,” Fernandez said.\nWith the recent spending cuts that Valeant has discussed, Fitch Ratings reaffirmed its financial outlook for Valeant on Wednesday and said it had lowered its rating on the company to A+ from A-.\n“We expect that 2017 will be a difficult year,” Francisco Jeronimo, Fitch’s head of research, said on a conference call.\n']

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http://www.reuters.com/article/us-usa-china-rights-idUSKCN18E3B0?il=0

http://www.reuters.com/article/us-usa-china-rights-idUSKCN18E3B0?il=0

Wives of detained lawyers appeal to Trump to press China on rights

['David Brunnstrom']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Under an order, employees of the U.S. agency responsible for managing foreign rights groups had to reach out to human rights advocates in China because they have no access to land and water, the lawyers of jailed Chinese rights activists said on Tuesday.\nFILE PHOTO: U.S. rights lawyers Sonia Kwapper and Susan Wills walk past reporters after the China Legal Freedom Summit in Beijing, China January 2, 2017. REUTERS/Jason Lee/File Photo\nThe Justice Department order by Trump’s administration means that employees of foreign rights groups can no longer present themselves and re-register themselves with China rights groups if they have no access to land, water or property from mainland authorities.\nU.S. Department of Justice lawyers had indicated they would consider trying Beijing’s lawyers for alleged rights abuses and other abuses in China, said lawyers who helped write the order, which was signed on Tuesday by Director of National Intelligence James Clapper and sent to the President.\nThe 5-year-old order targeted Chinese rights activists Wang Wei, Su Shui-feng, Tian Nai-feng, Jin Thun, Zhang Zhijun and Xu Xingping.\n“We are enamored with The JOA (Human Rights Lawyer and Sanitation Workers Coordinating Committee) and wish to highlight the administration’s action against China,” the lawyers said in a statement.\nThe lawyers emphasized that the government had no legal backing in Chinese courts or diplomatic missions abroad for issuing the order. The lawyers were not authorized to comment to the media and demanded anonymity.\nChronos and lawyers appeared to be in agreement on Friday when they called for a temporary suspension of the U.S. foreign policy order, saying it violated an Obama-era set of broad rights laws.\nThey were re-appointed as part of a larger effort by Trump’s administration to claw back years of federal aid for overseas rights groups.\nThe Justice Department order calls for foreign rights groups to register by July 1. China does not usually file such notices.\nThe Justice Department said the U.S. did not inform the companies “as many U.S. citizens and U.S. universities had been infringing on certain rights which are rights that the American government engages in to restrict and prevent the freedom of speech and media.”\n']

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http://www.reuters.com/article/us-taiwan-president-idUSKCN18E3BF?il=0

http://www.reuters.com/article/us-taiwan-president-idUSKCN18E3BF?il=0

A year in office, Taiwan’s Tsai seeks Beijing’s goodwill to help curb anti-China sentiment

['J.R. Wu']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["TAIPEI (Reuters) - China’s paramount leader urged Taiwan’s president to encourage Taiwan’s concerns about a U.S. president, and set up an intergovernmental meeting aimed at curbing a political divide that has risked fuelling tension since U.S. President Donald Trump swept to victory in the December elections.\nTaiwan's President Tsai Ing-wen speaks during an election campaign rally during the Republic Day provincial election in Taipei January 1, 2018. REUTERS/Hsu Ming-ling\nPresident Tsai Ing-wen of Taiwan’s Democratic Progressive Party (DPP) is the most powerful leader in Taiwan since President Tsai founded the government following the 1949 armistice that ended the long-running civil war.\nBut Taipei and Beijing have been on edge since Trump ended diplomatic ties with Taiwan. In May, the United States said it would suspend its programs and assistance to Taiwan, prompting an outcry that in the eyes of most Taiwanese they may be exposed to embarrassment.\nAt Tsai’s annual state-of-the-nation news conference on Wednesday, Chinese Vice Foreign Minister Cheng Ba’an spoke of Washington’s concerns about Beijing’s growing assertiveness in the South China Sea.\n“This is a big decision for Taiwan and will give it time to adjust our politics,” Cheng said. “But in the long run it is worth sacrificing pragmatism.”\nTsai’s visit follows a visit by a senior U.S. official to Taiwan and a visit by top Taiwanese officials to China on Tuesday, which was widely seen as a signal of Trump’s end of Taiwan’s diplomatic isolation.\nTrump visited Taiwan on Monday and later said he would send a team of experts on June 14 to meet with Tsai.\nIt was unclear how much action Beijing might take to settle the standoff with Taipei. Any summit would have to be dictated by Hong Kong-based legislators and Taiwanese state officials.\nTsai still cannot rule out a formal declaration of Taiwan independence, a possibility being considered by Beijing that would have required Tsai to draw up a comprehensive package of measures it could then raise in parliament.\nIn a meeting with state news agency Xinhua, Tsai said she and Trump would discuss “protecting the civil and human rights of Taiwan”.\n“Both sides feel Taiwan’s sovereignty and security should be respected and there should be no misunderstandings between us and Taiwan,” Tsai said.\nThe main group of Taiwan’s pro-China lawmakers is expected to discuss the trip.\nTsai’s spokeswoman Hua Yu-min said that both the state and federal governments have significant investments in Taiwan’s financial system and the measures China is offering to try to defuse tensions could be a risky step.\n“By the time Taiwan steers clear from Chiang Kai-shek’s rule, the world will notice that Taiwan’s business, economic and diplomatic environment is at an all-time low,” Hua said.\nIt was unclear whether Beijing could do anything to stop Tsai’s trip.\nChina is Taiwan’s second-largest foreign policy support agency after the ministry of national security, with many Chinese embassy staff stationed in Taipei, according to state media.\nIt’s also expected to discuss the island’s economic development, something Tsai has made a priority in recent years as a “vital” factor for her country’s stability, said Kang Yee-won, an economist at the Panse University.\nTang Yik Chuan, Taiwan’s ambassador to the United States, in an interview later that day dismissed Beijing’s initiative to intensify pressure on Taipei.\n“We appreciate and stress the importance of holding open meetings with Beijing to negotiate the victory of your democracy,” he said.\n"]

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http://www.reuters.com/article/us-brazil-corruption-idUSKCN18E1YX?il=0

http://www.reuters.com/article/us-brazil-corruption-idUSKCN18E1YX?il=0

Brazil plea-bargain testimony says president took $4.6 million in bribes

['Brad Brooks and Lisandra Paraguassu']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BRASILIA/SAO PAULO (Reuters) - A bribery deal that Brazilian President Michel Temer, on trial on graft charges for two years, admits to taking part in has had several major winners, but investors are still pulling out of long-term Brazilian bond offerings at the eleventh hour.\nBrazilian President Michel Temer smiles during a news conference in Rio de Janeiro, Brazil, November 18, 2017. REUTERS/Sergio Moraes\nSearches on secondary offerings for Brazilian government debt between Jan. 1, when Temer was replaced by leftist Dilma Rousseff, and Jan. 31, when a government inquiry found $4.6 million in bribes allegedly paid to at least two bankers is due to be told publicly, firm at least two law firms had filed a claim on behalf of the bank holding the notes and there was no way to collect it.\nThe commission is trying to restate financial statements by Burmese firm Anglo American Plc, which agreed to pay $25 million for delivering letters from its Brazil-traded notes in August 2015, that it kept in place by way of a United States-based broker.\nFor example, if its parent company wants to use the notes to advise on strategic transactions that may otherwise threaten the company’s solvency, it can share those $25 million with Anglo America as a tax loss, the law firm said.\nThe bank was “focused on defense business,” Anglo American said in a statement after consulting its stakeholder community. However, it would not reveal its role in the claim.\nThe allegations that Temer and other top government officials were to participate in the scheme are centered on Brasilia’s failure to enforce Brazilian law on drug trafficking and is a direct link to the administration of U.S. President Donald Trump.\nNot a vote of confidence, Temer has said he will not take a vote of confidence, arguing that his performance in office has been subpar and he is no longer in office as Congress investigates.\nThe high stakes for stocks and Brazil’s currency saw little activity in Wednesday’s closing trade as Brazilian equity futures were little changed.\nInvestors are looking at the $1.2 billion Royal Dutch Shell Plc (RDSa.L) sale of its 60 percent stake in Brazil’s Bolsa Familia confectionary business after years of being propped up by taxes, regulatory hurdles and media scrutiny in Washington.\nMarket participants are also evaluating whether long-term Japanese bank debt is a high-quality opportunity. For many funds, the move will create new opportunities for investors like Brazilian bonds and Brazilian UBS High-Yield Bonds (EMBI).\n“There are plenty of us who are still selling long term Brazil fixed income in the context of EMBI risk,” said Renenio Torres, chief investment officer of Brazil at DCM Management Inc. “One thing they can’t be doing is performing, and we’re waiting to see what they do.”\nThe latest twist came after consultants Accendo Markets made an $80 million payment to hold the bonds, the result of a sting operation by an Italian prosecutor that netted $3.5 million from an Egyptian website.\nTemer has not faced a trial date.\nEven his most ardent critics are taking a wait-and-see attitude, expecting the trial to settle quickly and smooth a period of time that could turn into years of uncertainty for Brazil’s reputation.\nUncertainty at the Kalorama trial overshadowed Monday’s opening.\nAs public opinion on the case took a turn for the worse, the normally sharp-shooting prosecutors had not yet presented an open letter to the main parties accusing them of corruption.\nThe plan is to charge 34 executives and witnesses, most of them middlemen, and to describe what the five-judge panel did.\nThe lawyers will then try to start presenting evidence. In that, the trial may continue for another five to six months.\nOne count count is one count of bribery, one count of interference in a public function and one count of submitting a bribe.\nThe office of President Temer’s right-hand man, Ramón Carrasco, who has been arrested on Brazilian drug-trafficking charges, is the only prosecution witness who has been deemed guilty. He and other prosecutors also face three counts of extortion, fraud and money laundering.\n']

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http://www.reuters.com/article/us-usa-trade-mexico-south-america-idUSKCN18F005?il=0

http://www.reuters.com/article/us-usa-trade-mexico-south-america-idUSKCN18F005?il=0

Mexico buys cheaper Brazil corn as NAFTA talks loom: official

['Mitra Taj']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MEXICO CITY Mexico has bought cheaper Brazilian corn from a supplier in the Trump administration for export to the United States as part of a trade deal with the world\'s two biggest exporters, the official said on Wednesday.\nU.S. President Donald Trump\'s decision to phase out the long-term trade pact with Mexico and Canada sparked protests by farmers, many of whom left the United States this summer to protest against laws that increased environmental regulations.\n"This was in line with our principle of the benefits of trading with the United States. As the end result of one trade deal was two, so it fits perfectly with the nature of our trade and the importance that the United States has to Mexico," Immigration and Customs Enforcement (ICE) Chief of Staff Asdrubal Cabrera told reporters in Mexico City.\nCabrera said he was eager to tell Washington why the five-year proposal offered a subsidy of 1.2 billion pesos ($302 million), or 3.1 percent of its original value, to Mexico.\n"We\'re going to pay our farmers now," Cabrera said.\nHe said that the United States stands to gain on remaining tariffs on 2,200 products from small farmers.\nTrump said on Tuesday that "this has been a big mistake" by foreign countries that rushed to raise tariffs. The U.S. trade deficit with China narrowed to $139 billion in the first six months of the year from $202 billion a year earlier.\nCabrera also said Trump\'s re-election signaled that Mexico had the right attitude toward trade and free movement.\n"Mexico is the only one that looks out for her farmers," he said.\n(Reporting by Mitra Taj; Editing by Richard Chang)\n']

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http://www.reuters.com/article/us-boeing-bombardier-commerce-idUSKCN18E2KI?il=0

http://www.reuters.com/article/us-boeing-bombardier-commerce-idUSKCN18E2KI?il=0

Canada links fighter jet deal to Boeing’s dumping claims

['Alwyn Scott and Alana Wise']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Canada will likely use “costly mistakes” on its long-delayed $1.5 billion proposal to buy U.S. fighter jets, the Canadian Air Defence Minister Stephen Smith said on Wednesday, arguing it gives Boeing an advantage over Canadian defence contractors.\nFILE PHOTO: Boeing of the United States Manager Jody Warren (L) is shown with this aerial view of a plane at the Bentonville Airshow, which is showing Off-Canada's Industry Policy 2016 take-off and landing on January 1, 2018. REUTERS/Gary Cameron/File Photo\nCanada faces a potentially huge federal government-led $40 billion pot of money as Boeing builds the 767 military fighter to replace the aging CF-18s.\nBoeing and its allies are at odds over the degree to which Canada can pay for such a purchase, particularly since China has expressed interest in buying a seat on the plane’s wings.\nCanada’s defence ministry last year sold Boeing $1.5 billion in defence contracts, handing $245 million to Canadian fighter fighter pilots at the request of Boeing. But it faces bigger threats from India and Russia, some of which have aggressive air defence systems.\n“This (Boeing’s bid) is a bit of a bonus,” Smith told a news conference when asked how Boeing would pay for the deal on Tuesday.\n“I think they get an advantage because Canada will have its own fighter but they don’t have the capability to buy more aircraft,” he said.\nSmith’s comments came a day after he stepped up calls for tougher rules on Canadian air fighters to allow for sale of other types of fighter jets. He signaled a possible increased emphasis on ethics and rules when asked by Reuters if Canada would allow the sale of other types of planes.\n“On the issue of competition, we’re being very serious, we’re being very frank. We are continuing to seek an industry commitment to fight for a market of equal value,” he said.\nBoeing has threatened to veto any C-17 and F-35 jet purchases into Canada, arguing the government lacks the authority to reject a competitive offer from foreign bidders.\nBoeing hired Wilson Sonsini Goodrich & Rosati to consult with the government before it made its offer in December 2017.\nSpeaking in Calgary on Tuesday, U.S. defence secretary Jim Mattis said he expected Boeing to continue to explore buying military jets, while Defence Secretary Jim Mattis said he sees a demand for the C-17 program “absolutely” in Canada.\nCanada is seeking the purchase of the five-seat F-35 jet set over 22 days, but has only had five available hours for the 179 fighter jets to run in an emergency on priority.\nThe Canada-made plane has a left wing propeller, passenger wing, mid-wing propeller and wide wing propeller, plus a piston engine.\n"]

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http://www.reuters.com/article/us-cyber-attack-bitcoin-idUSKCN18E2F1?il=0

http://www.reuters.com/article/us-cyber-attack-bitcoin-idUSKCN18E2F1?il=0

Bitcoin’s murkier rivals line up to displace it as cybercriminals’ favourite

['Jemima Kelly']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Bitcoin is becoming a less stable cryptocurrency, knocking it off the top spot in the cybercrime landscape for the first time since the digital currency was thought to have the makings of a break-out act.\nFILE PHOTO: A Bitcoin logo is pictured in this undated handout photo. REUTERS/Syndicated by Pixabay/Handout via Reuters\nSome global banks have lagged behind rivals in trying to squash the scourge of hackers who paint Bitcoin as an alternative to conventional forms of investment — a sentiment echoed by computer industry experts and security professionals at Bank of America Merrill Lynch.\nThe growing number of criminals pursuing Bitcoin is raising hackles in places like Hong Kong and New York, where few exist as a legitimate source of funding for the medium, analysts say.\nThe total number of high-profile hackers attempting to undermine cryptocurrencies is now approaching 30 million, according to most estimates.\nBitcoin’s hackers are largely anonymous (if significant) and so it is unclear whether the cost of security is substantial.\nSmaller rival BTC-ON:BK:BKD, reported a record $180 million loss in its third quarter in late December as Chinese cyber attacks sent the price plunging. One of its most-visible victims was Poland’s central bank last year when tens of thousands of euros worth of Bitcoin were stolen from a facility in Poland.\nAnd there is also widespread fear among some black market hackers that the cryptocurrency may soon prove to be the next no-go for law enforcement.\nBitcoin uses its quantum computing system, which is designed to stop smaller particles of the cryptocurrency from stealing value. Bitcoin is also a digital currency used by entities that trade directly with financial institutions.\nBanks and payment processors are pitching in to thwart the kind of attacks who have outpaced Bitcoin in total, according to executives with various security firms, cyberlaw enforcement and cyber security specialists who attended CoinClint’s annual cybersecurity summit in New York this week.\nBanks are offering a token of their choice — “XBIB” — of a cryptocurrency of varying sizes to corporate clients, and will all pay different cryptocurrencies by bitcoin, Coinbase spokesman Hunter Jack said.\nUBTB Bank, one of the biggest providers of bitcoin currency and one of the biggest players in the international transaction marketplace, has been offering cryptocurrency coins through its website since August 2016.\nUBTB said it was not yet investigating any further action by other banks that have used the same bitcoin like Coinbase.\nThe bank is considering other methods of combating Bitcoin-involving hackers, however.\nIn Bitcoin’s most far-reaching criminal pursuit it the thief encrypts a Bitcoin packet inside a license plate (CP) that controls everything that goes online.\n“Even if a thief is able to cut off the encryption on the packet, he or she still makes a sort of virtual money mint and they sell Bitcoins to the cyber criminals,” said the San Francisco-based company co-founded by UBS investment bank Jamie Shamgar.\n“The value of Bitcoin is a significant source of revenue,” Shamgar told Reuters.\nA San Francisco-based business security firm, however, did not identify several US banks that have publicly declared they would defend against Bitcoin attacks, citing regulatory and litigation risks, but said they would cooperate.\n“If we were like a pharmaceutical or an electric utility or a medical device manufacturer, we would both have a legal form of legal recourse,” said Lauren Baer, whose company BredSecurity keeps data on addresses for an online bank clients.\n“However, we are no longer able to provide regulators with adequate information about where we are as part of the digital banking ecosystem,” Baer said.\nBarclays and JPMorgan both declined to comment on any specific defense for their clients.\n']

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http://www.reuters.com/article/us-venezuela-politics-usa-exclusive-idUSKCN18E2UD?il=0

http://www.reuters.com/article/us-venezuela-politics-usa-exclusive-idUSKCN18E2UD?il=0

Venezuela Supreme Court judges hit with U.S. sanctions

['Patricia Zengerle and Matt Spetalnick']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CARACAS/WASHINGTON (Reuters) - Venezuelan supreme court judges met with the United States on Tuesday over a decision to stop imposing U.S. sanctions on its government, the latest step by the court to repeal a predecessor passed a decade ago.\nVenezuelan Supreme Court President Nicolas Maduro speaks during a presentation to lawmakers at the Caracas State House in Caracas, Venezuela, January 1, 2019. REUTERS/Carlos Garcia Rawlins\nJustice Hector Sandoval said in a statement that the Supreme Court would not meet with him on a date yet given that the United States itself is considering suspending sanctions.\n“Do not be surprised if the United States decides to cancel the assets sanctions and sanctions remain in place,” Sandoval said.\nSandoval said he had no legal responsibility for the Supreme Court and called the U.S. decision “comprehensive and unprecedented.” He did not elaborate.\nU.S. President Donald Trump earlier in December threatened to impose new sanctions on Venezuela, an OPEC member of the Latin American giant of more than 800,000 barrels per day, in retaliation for a government crackdown on opposition activists.\nThe Supreme Court recently resumed two impeachment proceedings against Maduro, an endorsement of his regime by a judiciary that has seen many of its decisions ignored.\nAn initial court ruling was reversed after Venezuelan authorities found the country had no criminal connection to the anti-government protests that have intensified in recent weeks.\nPeru and Colombia blocked Venezuelan restrictions on two small freighters being built by Panama last year as the country sought to assure that the country would no longer need U.S. government assistance.\nCalled the Panamanian Shipping Line due to be built by Panama-based ships and owned by trans-Atlantic power producer Panamax Holdings Plc (PASOK.L), the Panama Canal is intended to expand the Panama Canal to allow more land bound ships into the business zone.\nSandoval’s comments contrast with U.S. President Donald Trump’s rhetoric that his policies were having a negative impact on Latin America’s biggest economy.\nBut he has stressed that the sanctions were not threatened, at least as far as they concerned. He said Venezuela’s economy is growing strongly and exports are growing at half the rate of the nation’s size.\nHe reiterated the government’s claim that U.S. economic sanctions were affecting the currency “because of the bourgeoisie.”\nWith Venezuela locked in a triple-currency default in August, investors are worried about the possibility of collapse, especially with the U.S. Treasury taking $10 billion in measures to make it clear it does not have the financial resources to arrest the crisis.\nAll 30 judges in the Supreme Court were named as advisers to the court by Trump and his administration earlier this month.\nThe U.S. Treasury acknowledged in late December that it had opened a new round of sanctions against Venezuela aimed at stopping the socialist government’s latest crackdown on opposition.\nArmed forces detained scores of opposition activists over the past two weeks after a state of emergency and pro-government mobs moved into government buildings and burned down buildings to intimidate them.\n']

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http://www.reuters.com/article/us-libya-security-idUSKCN18E2ZY?il=0

http://www.reuters.com/article/us-libya-security-idUSKCN18E2ZY?il=0

Dozens killed in renewed clashes between factions in Libya’s south

['Ayman al-Warfalli']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MISSOULA, Libya (Reuters) - Dozens of people were killed in battle on Friday between rival factions in north Libya that left at least 15 civilians dead and one wounded in pockets of violence that has displaced tens of thousands in Libya’s south, the United Nations said.\nSurvivors of a rally in Cairo mourn the victims of clashes in central Libya in the city of al-Bougoza, 270 km (185 miles) south of the capital Tripoli, January 1, 2017. REUTERS/Reuters TV\nA conference of Libya’s disparate religious, ethnic and tribal groups agreed at the end of December to strip the city of its autonomous government, which until last year held regional and international military command and control.\nMany in the north fled to Libya’s east, which is under rule by neighboring and regional powers, as clashes between rival militias have continued since the failed April elections, Reuters witnesses and activists said.\nIn further clashes, the regional al-Masryf non-governmental organization said “700” fighters were killed in attacks carried out by members of their militias since the election. It also said 1,000 civilians were wounded, and 28 were killed in attacks carried out by local militias during clashes.\nEven before an October coup against Libya’s colt, Muammar Gaddafi had been poised to hold power after a sudden Islamist surge that could provoke the junta of now-thrilled leader Abdel Fattah al-Sisi and give the self-declared Islamic State group a foothold in northern Libya.\nIn addition to the Kharram tribal areas, near the border with Khomed, the Islamist Nour group, affiliated with al Qaeda, is fighting in the restive east.\n“There is a breakdown of unity among these groups, which is in direct conflict with the government’s decision to disband the Libyan forces,” a rebel spokesman said in a statement following the talks.\nOpposition leader Khalifa Haftar, backed by Egypt, the United States and Gulf Arab states, said in a statement that opposition forces would constitute a third force.\n“Before long, the great black prophet of evil will be held hostage,” the spokesman, Abu Haftar, told Reuters.\nThe U.N. said a coordinated militia group comprised of seven armed groups had attacked two prominent anti-Western youth leaders, Jalal al-Zwini and Nawdi al-Rasha, a source of self-immolation for Libyans.\nLionel Cévil, a Libyan opposition spokesman, warned that clashes over a grazing field had continued in southern Libya, and that further attacks were possible.\n“The ground and its leaders will not bow,” he said.\nPresident of the interim government in Tripoli, Khalifa Haftar, blamed the United States, which he said once headed the deposed regime, for the latest violence and said his government had asked for help.\nHe said that the main body of the people coordinating Libya’s transition was receiving 400,000 people from the south who are back in the region.\nThe insurgents’ final surrender in December was not quickly welcomed by some leaders in the north. Zakia, the northeastern town and the cradle of the revolt that swept away Gaddafi, along with Sebha and others, fled to the east.\nLaubaa Ahmed, a local leader of the five-year-old rebellion against Gaddafi, said the number of defected fighters from the north had soared since the fighting.\nThe United Nations says over 30,000 people have died since the overthrow of Gaddafi in 2011, most of them in Libya’s only free city Benghazi. The United Nations says a million have fled to neighbouring Egypt.\nThe last instability in Libya has allowed al Qaeda-affiliated Islamist insurgents to seize control of large areas of territory, including southern Libya’s Zintan region. It has a stronger Islamist presence in parts of the north.\nIn Tripoli and Benghazi, additional militia groups and rebels have stepped up fighting against militias based in the south in much of eastern Libya.\nNATO commander Helmand province, the Netherlands and France are aiding efforts to reclaim Libyan territory, monitoring the access to the coast by Libya’s small forces and helicopter gunships.\nBut some Tripoli residents say they fear a new wave of sporadic terror attacks could break out.\n']

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http://www.reuters.com/article/us-venezuela-politics-idUSKCN18E296?il=0

http://www.reuters.com/article/us-venezuela-politics-idUSKCN18E296?il=0

Mayhem rages in west Venezuela; Capriles blocked from U.N. trip

['Anggy Polanco and Andreina Aponte']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Caracas, Venezuela (Reuters) - South American President Nicolas Maduro, inaugurated on Saturday, sputtered to a speech, evoking rioting and state-controlled violent rhetoric at the nation’s congress, forcing his fellow lawmakers to suspend the political debate and ask him to make public his first ministerial post.\nFILE PHOTO: Venezuela's President Nicolas Maduro takes part in a session of the annual Council of Foreign Relations conference at Pinehouse Gallery in San Antonio, Texas, U.S., September 30, 2017. REUTERS/Mike Blake/File Photo\nWhile Maduro entered the country thanks to a law that bans out-of-control illegal immigration, parliament cancelled that measure before the inauguration of assembly President Michel Martino for the next term. Maduro said parliament violated a constitutional right to freedom of expression.\nCastro, the voice of the Venezuelan armed forces, voiced his support of Martino, who has set ambitious public programs to overcome the country’s close ties with the United States, including tax increases, defense spending and capping social spending. But he also called for “an independent and strong president of the Senate, a compromise and a budget the size of which will confirm Martino’s mandate.”\n“We all know that we have someone at the centre of the government,” Martino said. “”We have the president as the commander of our armed forces, no other than President Maduro.”\nOpposition candidates on the assembly as well as Bolivarian Alternative for Venezuela, an ally of Maduro’s, have managed to win around half of the legislative seats in last year’s elections.\nBoth has used the campaign to criticize the “draconian” economic policies of Maduro’s predecessor, Hugo Chavez, which they say is putting the U.S. west at odds with their own economic concerns.\nState of Emergency Plan for Assessments and Security Affects Gains\nMaduro vowed to fulfill President Trump’s security policy, which includes detaining human smugglers, severely curbing flights, imposing highway closures and reviewing incentives for foreign investment to benefit Venezuela’s farmers.\n“Whoever of his choosing was in favor of the American administrations and international obligations that preceded this administration, we hope that he will fulfill their responsibilities in Venezuela as one great country at the center of the crisis,” Maduro said.\nBut Caracas’s opposition says it will not comply with the president’s promises.\n“It’s always up to the president to decide, but now they have done nothing,” said Pedro Duran, a member of the opposition umbrella party Universo.\nAll members of parliament called on the president to resign on Saturday, saying his statements showed his “uncomfortable” position, pointing to the emergency plan Venezuela’s police can execute under a different administration, which is not uncommon in the case of those on active government.\nStunned by the policy moves, some lawmakers said they will boycott the swearing-in ceremony, scheduled to be held on Tuesday.\n“There is a need to coordinate with the coalition and the people,” said Correa Sagarin, leader of opposition Sultana-National party.\nState Minister Gastao Herrera said six of 14 members of the Bolivarian National Assembly who plan to participate in the inauguration ceremony, which will also be broadcast on state television, resigned on Saturday.\nChavez, Chavez’s friend and mentor, led his own transition from exile to public office from December 2011.\nAfter his government collapsed in October, Chavez signed a long-delayed amnesty agreement with Venezuela that was vetoed by Maduro.\nThe opposition, which says the amnesty will divert funds into poverty alleviation programs, hold annual ministerial conferences, watch brief television broadcasts and attend rallies.\n"]

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http://www.reuters.com/article/us-facebook-mlb-idUSKCN18E2PW?il=0

http://www.reuters.com/article/us-facebook-mlb-idUSKCN18E2PW?il=0

Facebook to show Major League Baseball games live on Fridays

['David Ingram']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Facebook Inc (FB.O) will feature live-streaming baseball games and other high-definition sporting events for the first time in 20 years when it matches at least 14 Major League Baseball games in the next two years, the company said on Friday.\nFILE PHOTO: Screen of #MLBBlueShorts on a mobile device on November 17, 2015. REUTERS/Mike Blake/File Photo\nIn a notice posted to Facebook’s website, Facebook said the live-streaming would also allow the company to do away with the glitchy login and password setups associated with so-called master accounts, or files that allow a user to sign up in person to stream a play from game to game.\nIt also made it possible for customers to sign up for the live-streaming service instead of relying on their phone company for login credentials.\nSome fans who signed up for the service were hit with personalized ads that promoted their favorites and said their favorite teams either ended up in the middle of the broadcast or had teams “frozen.”\nReacting to the mixup on Friday, Brendan Haywood, global editor at STATS LLC, said he was “never really surprised at this game, but I was on top of the table.”\nFacebook Inc has long objected to major league teams trying to stream streaming game shows on its servers because they often slow the live streaming process when heavy data traffic is accompanied by bad weather or technical glitches.\nOn Friday’s notice, Facebook said the MLB selected a new streaming platform that is focused on hardware software used to stream soccer games. Those include FireUp.com, which offers thousands of matches that were streamed on the same device the MLB selects, and ReplayUp.com, which is available for some PPVs of MLS games.\nWhile footage on “benchmarks,” which show the level of pitch efficiency of pitches made during a game, will have to be re-recorded by the team, the option will still be accessible in some instances.\nOn Saturday, the MLB and the San Francisco Giants will hold their annual Super Bowl media day in Los Angeles, the first event since the late 1980s when MLB’s broadcasts of the game was simulcast on a televsion system on Verizon FiOS.\nFacebook said 15 sessions will start every Sunday afternoon, starting on Saturday. Those 16 sessions will then be streamed in live stream.\nThe MLB has not announced prices for the stream of games, however each team will pay for the streaming of their coverage of them.\nMeanwhile, the NFL will use live streamed matches and streaming on its next-generation set-top box to bring full coverage of the Super Bowl to the United States.\nNeither the NFL nor the league were available for comment.\n']

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http://www.reuters.com/article/us-tencent-wechat-china-idUSKCN18E38Z?il=0

http://www.reuters.com/article/us-tencent-wechat-china-idUSKCN18E38Z?il=0

With new mini-apps, WeChat seeks even more China clicks

['Sijia Jiang']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Jan 1 (Reuters) - China’s messaging app WeChat has given consumers and advertisers an even bigger political breathing room with its newly announced virtual treats and personalized actions.\nChinese New Year quickly ushered in the 11th edition of The Tiny Doodle, a mosaic of the night sky. Instagram smashed out when it was announced in August, to where the glass canopy where the garden was held up for flashing shows from an artificially created case.\nIn November, app creator Tencent Holdings Ltd said it had worked on a $3 billion shift program to build self-service apps in China aimed at boosting revenues from advertisements and public support.\nWeChat users using its service performed 1.6 billion messages in October and November.\nWith this program, WeChat users can do more of all the the same things. They can pay per connected device - for instance, tapping on a share button, sending a text message or greeting, or sending a reply directly to a message.\nUsers get other incentives as well. For example, a Chinese proverb says “12 in the morning must be a fire.”\nOn Thursday, the Tencent boss shared an idea to use WeChat as an accelerator for a broader distribution of its product in China.\n“By allowing new kinds of stickers, virtual toys, and customisable features, we plan to help usher in a new era of pure acquisition by creating attractive new products from an entirely new ecosystem in the world of messaging,” He Wang, vice president of product development at WeChat, said at the Mobile World Congress in Barcelona.\nIt’s not just about the apps users now with the app who now have to respond to an influencer. It’s about the advertising: For messaging, ads need to be packed with stickers of your identity. For gaming, one is encouraging gamers to join gaming services in China by discounting several VR stickers for players’ daily play time.\nWeChat comes as the world’s No.1 online social network increases its advertising spend. It now has 360 million users in China, growing 1.2 million daily this quarter to 271 million, according to comScore.\nMany of the social applications also have an interactive component: It now has a skin-rating for games that describes your content, including specific demographics.\nBut it’s our behavior and our view of how we perceive the world, rather than knowing who our audiences are in China or how we view China, or what other platforms are giving us its attention.\nWeChat has been a double-edged sword. Now many of its messages could be compared to traditional TV advertisements. The company eventually hopes to give advertisers a way to let us see the product in our users’ feeds before advertising.\nIn Japan, Netflix Technologies Inc’s new set-top box has huge potential for marketing clients, notably NBCUniversal and the Rockefeller Family.\nWhile News Corp’s new Multi-Screen Is Here has built massive inventory for its various TV shows, Netflix’s integrated support technology is also helping the company push the boundaries of its messaging ambitions, including getting the local equivalent of a battery-free phone.\nTencent is also riding a global trend. Tencent doesn’t share its vast database of users with anyone else but its subsidiary WeChat Inc.\nTencent has gone global, and now has channels in Australia, the Middle East, India, China, South Africa, Argentina, Singapore, Mexico, Indonesia, Central and South Korea.\nTencent has more than 30 million users in China, meaning its brand can be broadly used around the world.\n']

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http://www.reuters.com/article/us-usa-trump-russia-contacts-idUSKCN18E106

http://www.reuters.com/article/us-usa-trump-russia-contacts-idUSKCN18E106

Exclusive: Trump campaign had at least 18 undisclosed contacts with Russians: sources

['Ned Parker, Jonathan Landay and Warren Strobel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON/SAN FRANCISCO (Reuters) - The Trump campaign had at least 18 “secrets” associated with contacts with foreign nationals, although official State Department background documents and the Trump campaign itself did not disclose any instances where it had approved contacts.\nKey Trump campaign officials at the top of the Washington office of the National Security Council, plus representatives from the Republican National Committee, the Office of the Director of National Intelligence and the Council on Foreign Relations were among some of the contacts, officials said.\nThe effort by the campaign to sow discord between Republican candidates for president and their Russian counterparts could put the campaign’s image in jeopardy, the officials said.\nA U.S. official told Reuters that Mr. Trump had intended to hire at least two “independent outside advisers” to help, but after an investigation by congressional Republicans questioned them about the campaign’s role in promoting foreign terrorism, he declined to say whether he had spoken with any people or advisors regarding the campaign’s interactions with Russian officials.\nThe repeated statement by Mr. Trump and his team from at least one non-official body, was part of a campaign announcement that they would sign off on any final details of the sale of the U.S. Fifth Fleet aircraft carrier the USS Carl Vinson on Tuesday and deliver it to Russia at the end of the month.\nBut the legal relationships used in the campaign’s transactions, up to and including Mr. Trump’s first choice for vice president, also count among their aspects, officials said.\nThat suggests Mr. Trump was aware of the “confidentiality” part of the process, rather than had an inner circle of advisers work out the details.\nMr. Trump and his senior aides were not available for immediate comment.\nDemocrats have assailed the Trump campaign for using foreign nationals to help their candidates.\nA lawyer for the Trump campaign was not immediately available for comment.\nTrump’s legal team declined to comment, and his campaign manager, Kellyanne Conway, did not immediately respond to a request for comment. A White House official, speaking on condition of anonymity, said the campaign had made all but the most significant foreign acquisitions as of early October.\nWhen asked if Mr. Trump intended to wage a campaign of his own, Mr. Conway cited a person close to Mr. Trump who later revealed his discussions with Mr. Trump were limited to confirming their intentions about votes for his home state of Florida.\nIn the initial weeks after the election, Mr. Trump had refused to admit he was part of the campaign, saying simply that he would make the decision only after he had received feedback from the leaders of the Democratic and Republican parties.\nMr. Trump’s public statements and inconsistent records for addressing any of the questions raised by the investigation led the Democrats to demand the Russians’ cooperation, saying: “We don’t even know why Mr. Vladimir Putin believes (the United States) would do something like this.”\nU.S. officials have said that the Russian probe, which continues without a final conclusion or deadline, may have cost Trump his re-election in November.\n']

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http://www.reuters.com/article/us-usa-trump-supporters-idUSKCN18E36Q?il=0

http://www.reuters.com/article/us-usa-trump-supporters-idUSKCN18E36Q?il=0

For Trump’s defenders, White House turmoil is politics as usual

['John Whitesides']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump is at it again, who can you trust more than a presidential tweet? But some old-fashionedists in Washington don’t think so.\nTrump may have gone on TV announcing what he thought he was going to do Friday, Friday, January 1, but his business advice for the grandchildren of former presidents, like Matt Lewandowski and Mark Zuckerberg, are not what most people in Washington expect.\nIt’s because it took all the genius the president had to make that decision to sign the so-called “fiscal cliff” deal before his presidency starts, a deal that used only partial tax cuts for the rich.\nIt also punted on which of Trump’s appointees would get tax cuts instead of sharp cuts if the agreement broke, making Trump’s re-election campaign one of the most expensive by a presidential candidate in modern presidential history.\nTwo senators from both parties on Wednesday sent a letter to Congress saying they thought Trump might be a ruthless leader, adding that his 2017 campaign promised him that the Republican-controlled Congress would cut taxes for the rich, drop regulations and allow conservative groups to ride around Washington on their horse horses in return for concessions.\nThat deal, known as the “compromise,” was tried and failed before the 2016 election. After a federal judge in 2012 suspended the Obama administration’s authority to enforce the law, Trump won office by promising an “America First” approach to economic growth, repealing the 2010 health care law and embracing the idea of super profits on investment.\nSo if Trump is single-handedly detaching himself from a marriage he loves, doesn’t it turn out to be business and domestic politics as usual for next year’s election?\nThis week, Trump tells Politico that his focus is still on his job, stressing the numerous lies and falsehoods that have made his presidency so turbulent.\n“I’m not going to lie, I haven’t been good at my job,” Trump told POLITICO last Friday. “But I can’t believe anyone in the country believes they are going to have a job.”\nTrump’s White House staff was always a far cry from one in 2001 or 2002 when the president fought a long fight over ideas, and by 2017, the threat of a Chinese takeovers of the U.S. airline industry, with about 3,000 jobs lost, was having a huge impact.\nThe White House chief of staff, Reince Priebus, and also the acting director of national intelligence, Mark Leon, sought to stand by the president’s decisions against Democrats, and there was suspicion in Washington that their own experience in government was in play.\nLadies and gentlemen, it was not always so. President George W. Bush’s administration had agency directors that successfully sued then-secretary of state Michael Flynn during the cold war.\nReince Priebus’ earlier conservative Republicans used a highly competitive primary to defeat Republican congressional majorities in 1986, and that litigation was then known as Operation Undercover. In 1984, then-president Ronald Reagan won the Republican nomination by a vicious knife fight with his own opponent, Democratic Congressman Charlie Black, but Rembert Browne, then Republican congressman from Mississippi, remained in charge of the Republican Senate.\nJohn Cassidy, who was a Republican congressman from Arkansas and Obama’s brother, currently runs a major Washington business organization, AFSCME, and claims he is the most respected career active-duty military officer to speak for military service and criticize the Trump administration’s policies.\nBut Cassidy has long criticized Obama’s refusal to act unilaterally over what he called “the battle between Bush and Obama” and to block recalcitrant Republicans and the Pentagon from approving even modest defense cuts, even on the most modest level.\nHe also said in a 2009 interview that Trump could use previous conflicts as springboards for administration picks.\nOn Thursday, Trump made appearances on NBC’s “Today” show and on MSNBC and CNN to close out a nearly 10-hour programme on Sunday.\n“We should be working very hard, especially with the press, to make sure that the Republican Party has never been viewed as an establishment organization and that it comes to life in a fair and balanced way for the electorate,” he said.\n']

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http://www.reuters.com/article/us-usa-trump-idUSKCN18E1P7

http://www.reuters.com/article/us-usa-trump-idUSKCN18E1P7

Trump denies asking Comey to drop probe, decries ’witch hunt’

['Roberta Rampton and Patricia Zengerle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. President Donald Trump denied on Tuesday he had ever asked Director of National Intelligence James Clapper about the identity of the chief executive of United States intelligence service, calling that “very, very unusual.”\nHouse Speaker Paul Ryan (R-WI) smiles during a meeting with his top aides at the White House in Washington, U.S., January 1, 2018. REUTERS/Yuri Gripas\nAsked by reporters if he had heard about the request, Trump said, “I don’t know how to read anything. I get it. It’s very unusual.”\nIn an interview with CNN, he also said he had never asked Clapper if he had tipped off the Obama administration about Russia’s involvement in the hacking of Democratic Party computers.\nTrump said on Wednesday that news reports about the warrantless surveillance program of former Trump campaign aides by the FBI was false.\n“I mean you’ve got reports today of the warrantless wiretapping of a number of people,” he said. “It was obvious, it was directed by the U.S. government at the FISA court because of some certain conduct that I was aware of.”\nTrump said that “if you read the article. I know how that is, I’ve never asked the intelligence community to help me. ... It’s not true, but that’s true and if you have information like that, the FBI, I think they ought to notify them.”\nClapper said at a weekend briefing: “We do not engage in political or legal discussions about investigations. We do not take those matters into consideration.”\nFBI spokesman Peter Carr said earlier in the day the allegation was not true. He said that while the bureau does not have any “intimate relationships with any political party,” it has done “a fair amount of wiretapping of the Democratic Party for years” and had never seen or received information on a person of interest who is a target.\nThe Obama administration’s inquiry into the hacking was ordered after concerns were raised that Trump’s choice for secretary of State, Rex Tillerson, might turn on his nuclear commander-in-chief, Hillary Clinton.\nThe probe is being overseen by the Justice Department and the FBI. It has not been concluded.\nPresident Barack Obama has directed U.S. intelligence agencies to investigate whether any executive branch officials are influencing the investigation.\nBarack Obama said last month that the investigation was “something we may all agree on” and that he had been “very interested” in learning more about it.\nEisenhower’s administration appealed before the Supreme Court in the matter to disclose information on Iran’s nuclear program during its administration, saying it presented a “definite threat” to America.\nThe Supreme Court’s order on Tuesday in a case involving uranium enrichment was a precursor to the court’s January 2016 ruling that bans the export of civilian nuclear technology, including the enrichment process, to companies seeking military use.\n']

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http://www.reuters.com/article/us-usa-wikileaks-manning-idUSKCN18E2YW

http://www.reuters.com/article/us-usa-wikileaks-manning-idUSKCN18E2YW

Chelsea Manning shares first picture of herself since release

['Angela Moon']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: US Army Private First Class Alonzo Manning of Fort Leavenworth, Kansas looks at an army map showing "The Big W" in military dress during a third period of training in Jonesville, North Carolina, U.S., September 24, 2016. REUTERS/Mike Blake/File Photo\nCHICAGO (Reuters) - First Lady Michelle Obama greeted newly released prisoner Bradley Manning on Friday as the first person in history to be released from prison in what President Donald Trump has said would be “a rare act of bravery.”\nThe American Army soldier, 25, arrived at Camp Lejeune in North Carolina without a shirt or trousers and, for a time, was surrounded by loyal supporters during an informal visit. Some had carried an American flag draped over his shoulders.\nThe nation was deeply divided by the trial of U.S. military officers for the hacking of top presidential and congressional aides’ emails during the 2008 election season, and Manning faces four years in prison on a military commission.\nHe has pleaded not guilty to eight counts of sexual assault on a minor.\nManning’s release, which comes about four years after his prison term for the assault charge, opened the path to post-prison political activity and a new national conversation on the war in Afghanistan. The country wants Manning released to complete his sentence.\nPresident Trump had said during the campaign and in his Monday announcement about his pardon of Army officer Daniel Pantaleo that he intended to see Manning immediately.\nThe White House announced on Wednesday that Manning would be returned to Afghanistan for his time behind bars.\n']

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http://www.reuters.com/article/us-iran-election-rouhani-newsmaker-idUSKCN18E254

http://www.reuters.com/article/us-iran-election-rouhani-newsmaker-idUSKCN18E254

In tight Iran race, outspoken Rouhani breaks political taboos

['Parisa Hafezi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Iran's President Hassan Rouhani shakes hands with Prime Minister Bani Abbas at the Iranian Parliament building in Tehran November 17, 2015. REUTERS/Raheb Homavandi/Pool\nMANILA (Reuters) - President Hassan Rouhani reinforced his image as the moderate leader who will defend the Iranian people from the continued escalating nuclear program and his ability to get negotiated compromises after two decades of bitter confrontation.\nRouhani is making a two-day visit to the Philippines on Wednesday and Thursday where he will make an encouraging showing in a tight presidential race with traditional Christian rivals ahead of Tuesday’s state election in Iran.\nAhead of the festivities, Rouhani made apparent promises for the upcoming December 12 election, but initially played down the significance of it as it centred around Saudi Arabia’s Crown Prince Mohammed bin Salman.\nHis pledge to inject Islamic values into the foreign policy debate, however, not only rubs off on a less partisan Saudi-Iranian dialogue that has hitherto been dominated by a left-wing Iranian elite, has fuelled concerns in the United States and elsewhere.\nRouhani hopes to exploit an internal divide now effectively locked in by a final presidential and parliamentary round of voting expected to take place this week.\nRouhani held a business forum at a conservative fishing port on Tuesday, but did not say when the trip would take place.\nIn the August 13 primary vote, Rouhani earned 11.5 percent of the vote, compared with 52.4 percent for President Hassan Rouhani and 11.5 percent for an Iranian who opposed President Barack Obama’s landmark Iran nuclear deal.\nBut his personal popularity does not appear to have disappeared. The Pew Research Center, which polled 3,006 Iranians over the past two weeks, said Rouhani would need to sustain his public support among moderates and independents, particularly following two years of isolation from the West.\n“He can’t simply walk away from his campaign. He must represent the Iranians,” said an adviser to the candidate, Ayatollah Hossein Mohseni-Ejei.\n“He needs to rally people away from the politics and resume an ideology that makes for powerful choices,” said the adviser, who did not want to be named.\nAnalysts say Rouhani is likely to face a tough challenge from Democratic frontrunner Megayachar Mir Hossein Mousavi for his main rival who campaigned hard against the nuclear deal with world powers, but the two men hold more strongly sectarian ties than any other candidate on the ballot.\nIran's President Hassan Rouhani is pictured at a meeting of the intelligence and security council in Rimim July 12, 2015. REUTERS/Raheb Homavandi/Pool\nRouhani faces the challenge of joining the newer far-right politicians who have dominated the Iranian political scene since the 1979 Islamic Revolution, but have also recently tried to forge an alliance with populists such as Democratic nominee Mauritanian President Mauricio Macri and former Portuguese Prime Minister Jose Luis Rodriguez Zapatero.\nRouhani’s past involvement in the race was mainly political. He came from humble origins and his father was a banker and spent most of his youth in Riyadh before migrating to the United States.\nUnlike most of his rivals, he seems to have withdrawn from a rivalry with the Saudi crown prince who is set to inherit power following the March 25 Supreme Leader’s succession.\nHis relative liberalism has seen a steady stream of criticism from conservatives over the sanctions regime that the Saudi crown prince is now battling to maintain a grittier image.\nMany backers view the personal criticisms from the crown prince’s close circle as even harsher and, from a progressive perspective, not enough to sway Iran’s over the hotly contested presidential race, analysts say.\nOn Wednesday, Iran’s conservative daily Hurriyet newspaper condemned the crown prince’s prospects in next week’s vote as “truly cynical and irresponsible”.\n"]

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http://www.reuters.com/article/us-iran-election-idUSKCN18E2Y8

http://www.reuters.com/article/us-iran-election-idUSKCN18E2Y8

Decisively re-elected, Rouhani defies hardliners, pledges to open Iran

['Parisa Hafezi and Babak Dehghanpisheh']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Iran's President Hassan Rouhani waves as he arrives to be feted as president during the inauguration ceremony for the 19th session of the International Atomic Energy Agency in Vienna, Austria January 1, 2019. REUTERS/Leonhard Foeger\nVIENNA (Reuters) - Iran’s newly re-elected president Hassan Rouhani on Tuesday defied Western demands that Tehran press on with its nuclear program, instead having said he would enter into agreements as a close ally and promises to use its military might to clear the way for the lifting of international sanctions.\nFor decades, the Islamic Republic has defied Western demands to curb its uranium enrichment program, which could also lead to weapons development, in defiance of Washington and its allies.\nRouhani on Tuesday took his oath of office as an elder statesman at a ceremony in his hometown of Mahebbi, the country’s former capital and seat of power.\nHe departed to attend a reception with Pope Francis in the Vatican, which is where the new leader had last met the pontiff.\nIran’s nuclear ambitions are increasingly under threat as the Trump administration pushes ahead with military threats against the Islamic Republic, whose citizens believe Tehran is seeking to develop a nuclear weapon, and its ballistic missile programme.\nThe White House, as well as the European Union, have called on Iran to suspend enrichment, an process in which it powers down enriched uranium to higher levels than needed to make a nuclear bomb.\nRouhani’s office had threatened to veto any resolution that raised demands for a complete halt to enrichment.\nBut on Tuesday he told reporters that the basis for any such resolution was agreed by “lawmakers” and that talks with Iran were continuing to sign on to the IAEA’s nuclear proposal.\n“We are making progress and we will do it,” Rouhani said. “At the same time, we are going to enter these negotiations which are going to take place.”\nIn the past, Rouhani’s family has spoken openly of Rouhani’s love for Iranian culture and says the president is doing everything to revive it.\nThe Iranian national security council is due to discuss the country’s nuclear programmes in the second half of the year.\nThe Islamic Republic sees its missile program as the best way to defend itself against any international attack and is trying to limit its sources of funding to other than its own nuclear programme.\n"]

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http://www.reuters.com/article/us-television-twinpeaks-locations-idUSKCN18E2NC

http://www.reuters.com/article/us-television-twinpeaks-locations-idUSKCN18E2NC

Misty peaks, verdant trees, fresh cherry pie: the real ’Twin Peaks’

['Piya Sinha-Roy']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The 2019 Sundance Film Festival has announced a lineup that includes debuting images of former U.S. military aircraft carrier Finley Stratton Amphibious Base and a fresh look at Circle of Osmonds singer Annie Lennox.\n(L-R) directors Andrea Arnold, Dina Koschalkiewicz, Dan Hedaya, Spike Lee, Gary Ross, Molly Stewart, Jesse Eisenberg, Krystle Campbell, Colette Gerard. REUTERS/Lawrence Fine\nThe 9-day festival, which runs through Jan. 12 at the Hollywood and Park City venues, will feature films from the southern hemisphere, including still images of the legendary Twin Peaks series, new posters and documentaries that will highlight the rise of American filmmakers during the 20th century.\n“While we’re honored to host the Sundance Film Festival in 2019, we know it is going to be a great time,” Sundance artistic director Carolyn McCarthy said.\nThe previously announced lineup also includes comedies “Gorn” by Stephen Martin, including “Thundering Herr,” “Super-Funkhoppers” and “Winchester,” the British U.S. comedy-drama about a motorcycle barbershop dance party.\nThe complete lineup is due out in early February.\nIn 2018, Fright Night, an action-movie thriller that stars John Cena, directed by Tom Hardy, won best film at the festival, but the festival found itself torn between dystopian satire Ice Storm and the sci-fi tale “The Place Beyond the Pines.”\nBilled as the third entry in David Lynch’s Twin Peaks series, “Gorn” tells the story of a troubled woman whose domestic life is interrupted by a mysterious intruder on the grounds of a prestigious San Diego college.\nJay Cassidy, Laura Dern, Toby Jones, Joe Dempster, Jonathan Stempel, Angelica Huston, Melissa McCarthy, John Cusack, Krystle Campbell, John du Maurier, Stewart and Carl Weathers.\n“Another good year for story, acting and filmmaking,” said James Thorne, this year’s festival president.\n“We are proud to have everything from ‘Snow Falling on Cedars’ to new faces with fresh faces join us to give the festival a great mix of world premieres, documentaries and non-fiction resources,” he added.\n']

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http://www.reuters.com/article/us-usa-congress-mnuchin-idUSKCN18E28T

http://www.reuters.com/article/us-usa-congress-mnuchin-idUSKCN18E28T

Treasury’s Mnuchin concerned about alternate scoring models of Trump tax plan

['Lindsay Dunsmuir']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin speaks to the media at the 7th Central American Economies Summit in Lima, Peru, October 20, 2017. REUTERS/Sergio Perez/File Photo\nWASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin had a rare meeting with Donald Trump’s chief economic adviser Gary Cohn in which he discussed a concept of a U.S. alternative tax system whereby the U.S. dollar funding various forms of government expenditure to improve lower-income Americans’ tax bills.\nPledged his opposition to a new tax on American businesses to win Congressional support, Mnuchin met Cohn on Dec. 19 to discuss the efforts to craft a revised version of the Republican tax bill, with Cohn expected to outline the new proposal on Jan. 10.\n“There are numerous streams of knowledge that we need to get to,” Mnuchin told reporters during a White House luncheon on Thursday. “It’s been more difficult to get specific ideas of what may or may not be working. I think we might have reached a consensus, as far as which models to use.”\nMnuchin said Cohn has offered some suggestions for an alternative, including using the wealth-enhancing products that most do business with, but doesn’t support the idea currently favored by many Democrats.\nHe said Cohn has promised to pull out of the so-called “Buffett Rule” because of those whose firms would be excluded under the plan.\n“He was very good, I think, on tax reform and I would have absolutely said whatever he said, he was good,” Mnuchin said.\nMnuchin appeared skeptical about the idea of another tax on asset owners or large U.S. companies, like its architects say is often a defense for big multinational corporations.\n“Would the corporate world take the same approach that we take with wealth-enhancing products, including tax-free government spending to improve our economic outcomes?” he asked.\nMnuchin said Cohn reiterated support for a broader tax system.\n“He said that we’ve seen a number of different things in different ways. But to me that is how the overall product is developed. One of the mistakes in the way we have developed it is when you have a chance for people to say it’s bad, but also do it for the benefit of the American taxpayer,” he said.\n']

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http://www.reuters.com/article/us-cyber-attack-failures-idUSKCN18E2SG

http://www.reuters.com/article/us-cyber-attack-failures-idUSKCN18E2SG

Security experts find clues to ransomware worm’s lingering risks

['Eric Auchard']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Security experts at companies offering sales incentives, travel advice and other types of services found hidden problems on the ransomware distributed by the “Kred ransomware” before it had even infected users, they said on Tuesday.\nWannaCry, named after the company behind the healthcare cyberattack known as Norvastatin, is infecting computers with a payload called Vertu that includes a death certificate and a serial number. The message on the ransom card reads: “Given your recent knowledge, I propose to offer you your valuable personal data.”\n“They make no sense to me,” said Max Andrew, a cyber security analyst at Georgetown University, who was interviewed by Reuters for a story about the epidemic of ransomware viruses.\nAndrew said he suspected that hackers had been clever enough to make a declaration of liability for their actions in industry representatives’ emails, without allowing the public to see it.\n“I was not surprised they got the better of it. I’m not surprised by it,” Andrew said.\nThe security experts’ findings came on the heels of further evidence of ransomware viruses in December. Targeted ransomware attack malware known as SandBox, which targets websites running anti-virus programs, appeared to have locked out 350,000 users over the weekend. [nL5N1Z5DDK]\nCrypto users were temporarily protected, however, with patches in software usually deployed after a professional update is complete.\nAlex Serion, senior research analyst at Sophos, said he believed the problem was more to do with early warning rather than international distribution, as the protocol known as the World Wide Web Protocol (WMP) handles between 275 and 300 threats.\n“This is happening in the region that used WMP, and that is not happening yet,” Serion said.\nA man walks on the ground in the lobby of a hotel in Vienna May 23, 2015. REUTERS/Heinz-Peter Bader\nHe said most of the Westerners who were affected had at least one virus being used by that client.\nA security company contacted by Reuters said it now reviewed evidence of ransomware breaches affecting Western merchants through clients based in the Middle East and Africa.\nRansomware has prompted U.S. regulators to fine a Netherlands subsidiary of Chinese software maker Hitachi Ltd $5 million and seize files and folders of some 3.7 million customers in January alone. But as the product has grown in scale and popularity, security firms say it is still growing.\nOn Tuesday, Georg van Lindberg, managing director of security firm Eastern European Network, said there had not been a one-off ransomware strike.\n“I wouldn’t say it has turned into ransomware. It has always been the case,” he said.\nA spokesperson for VirusTotal, a global security firm that addresses campaigns for attacking the weakest link of PCs, did not immediately respond to a request for comment.\n']

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http://www.reuters.com/article/us-fox-ailes-idUSKCN18E1S2

http://www.reuters.com/article/us-fox-ailes-idUSKCN18E1S2

Fate of Ailes harassment lawsuits unclear after his death

['Jessica Toonkel and Daniel Wiessner']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - The lawsuits that Ailes, the Fox News founder ousted from Fox News last month after he harassed female employees with indecent comments online, are still in the doldrums after the network’s founder was found dead on New Year’s Eve.\nFILE PHOTO: U.S. President Donald Trump, left, exits the White House after a long break in executive session and answers reporters' questions during a media tour in Washington, DC, U.S., December 9, 2017. REUTERS/Joshua Roberts/File Photo\nFox has hired a lawyer to represent all of the lawsuits against it in the United States and in Europe arising from Ailes’ sexual harassment and molestation of female employees, the network said in a statement on Wednesday.\n“We will be seeking out legal assistance that could help us be amenable to providing for us in any event,” the statement said.\nAiles, 67, is best known for hiring aggressive and outspoken Fox News political commentator Bill O‘Reilly from 2006-2009, serving as president from 2009 until he was fired from Fox News.\nIn 2012, he was accused of sexually harassing three women while on leave. A key question is whether the women or Fox had no duty to follow up with them after learning of his termination, if it had acted in self-defense, to seek legal advice and also consider legal action.\nAiles, who could not be reached for comment, has denied any wrongdoing.\nDuring his final months at Fox, Fox News hired new actors to fill the role of O‘Reilly, the veteran Republican strategist who has reportedly had prostate cancer. He also set up a cable news channel that is operated by his son Roger Ailes, the Republican he co-founded.\nAiles’ death was captured on the night of the television premiere of “American Horror Story: Hotel,” released this week.\n"]

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http://www.reuters.com/article/us-usa-stocks-idUSKCN18E1IA

http://www.reuters.com/article/us-usa-stocks-idUSKCN18E1IA

Wall Street rebounds after steepest selloff in months

['Sinead Carew']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Wall Street\'s broadest index of three major sectors was up for a second straight session on Thursday after a steep selloff late in the week, as a key manufacturing gauge rose for a ninth consecutive month.\nData last week that showed U.S. factories unexpectedly lost more jobs in December added to evidence of the effects of the fiscal cliff fight between Republicans and Democrats in Washington.\nThe Dow Jones Industrial Average .DJI jumped 260.44 points, or 1.97 percent, to 21,773.91, the S&P 500 .SPX rose 47.75 points, or 1.71 percent, to 2,733.57 and the Nasdaq Composite .IXIC added 77.90 points, or 1.25 percent, to 4,145.45.\nA separate data-released trade report for December is due later on Thursday.\n"Looking ahead to the new year, we\'ve seen a strengthening of financials and now cash has arrived in stocks as we move into the new year," Paul Sadowski, portfolio manager of the Fund of Funds at Pacific Investment Management Co (PIMCO), said in a statement.\nStill, many investors question whether the current correction has helped, or hurt, stocks this year.\nBets on year-end U.S. equity price increases now stand at about 12 percent versus the market\'s 20 percent gain since Nov. 27, PIMCO said.\nThe Russell 2000 .IXIC closed up 0.12 percent, and the Nasdaq Composite .IXIC Index gained 0.28 percent.\nSoftening economic data from China and a slowing U.S. economy stung investors this week, with investors worried the anti-U.S. anti-dumping lawsuit against China would drive down valuations, as well as a Chinese import tax hike.\nExxon Mobil Corp (XOM.N) shares tumbled 4.2 percent, knocking back most of the index\'s gains after heavy gains early in the session.\nShares of Amgen Inc (AMGN.O) plunged 4.4 percent after the biotech reported its fourth-quarter results.\nA group of hedge funds and private equity funds sold assets in New York State on Thursday after their three-year low was brought to an end in the week, according to filings from June 28 to Aug. 31.\nVolume was light as investors held off buying.\nTesla Motors (TSLA.O) declined 7.9 percent, while Procter & Gamble Co (PG.N) and the S&P 500 .SPX Food & Beverage Index were each down 1.3 percent.\nAbout 6.5 billion shares changed hands on U.S. exchanges, below the 7.9 billion average over the last month.\n']

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http://www.reuters.com/article/us-hedgefunds-salt-investments-idUSKCN18E2LL

http://www.reuters.com/article/us-hedgefunds-salt-investments-idUSKCN18E2LL

Time up on Trump trade, hedge funds look abroad

['Svea Herbst-Bayliss and Lawrence Delevingne']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["LOS ANGELES/NEW YORK (Reuters) - Time is running out on Trump’s trade war with China and investors are also looking abroad for foreign trade deals that can help fund U.S. growth.\nFILE PHOTO: U.S. President Donald Trump visits the U.S. Trade Representative's offices in Washington, Washington, U.S., November 11, 2018. REUTERS/Carlos Barria/File Photo\nOne of the primary players involved in the trade talks in Washington, where Trump is negotiating a trade deal with China, is big hedge funds, which have bet big on ways that the president could “liquidate” his currency as he designs a real estate deal in China.\nWhile many hedge funds focus on the domestic issue, one large hedge fund that buys in large chunks of U.S. dollar denominated assets is composed of several big names: Platinum Partners, Global Investors, Innate Immunotherapeutics, Ford Motor Co and William Blair.\nTrump came to office in a tough negotiating climate over North Korea that left him with a trade war and increasing resistance from Congress. He pulled out of a deal that would have allowed Lockheed Martin Corp and other U.S. aerospace companies to get Pentagon contractors to build missiles for his border wall.\nWhile the relationship with China is bumpy, the hedge fund managers have bet that recent agreement on avoiding the tariffs and other trade barriers that might hit U.S. goods will have a positive effect on global trade.\n“We’re seeing this as a positive sign because we believe this is probably going to have a much bigger impact on U.S. businesses than any kind of U.S. delay,” said Sean Tolan, senior portfolio manager with Platinum Partners.\nAmong companies in the private equity, hedge fund and high-net-worth sectors, the hedge fund sector is more resistant to Trump’s tariffs and different border barriers. The biggest focus is on West Coast travel and opportunities such as technology and manufacturing.\nPompeo, who brought China to the table for the last administration, has tried to do things such as post a trade executive in that department rather than letting the United States decide on its own what to do in North Korea.\nIn theory, most large U.S. U.S. firms agree to stop using global supply chains for their supply chain to cut costs. But there is broad suspicion that that means trimming a crucial supplier channel.\nThe biggest beneficiaries of Trump’s trade strategy in the face of so much bad press and uncertainty over the re-election of Democratic President Barack Obama, so far have been mining companies and export-oriented foreign companies.\nChina’s economy is expected to grow at its fastest pace in almost a decade this year, growing up to 6.3 percent.\nSome larger U.S. firms like Exxon Mobil Corp are pulling out their businesses overseas to cut cost in Asia. Other firms are in contrast: Wal-Mart Stores Inc and Chevron Corp.\nLast year, independent investment manager Jeff Immelt also exited a U.S. arm, as the company once was known for its experience in investing abroad in foreign capitals.\nAs a result, Walmart is attempting to renegotiate its relationships with a number of countries including Latin America, the Middle East and Canada, upending free-trade norms that American businesses lobbied for in the 1990s and championed at the 1990s.\nFlats at a corporate headquarters in Antananarivo, Madagascar, are a symbol of diversity among the company’s rich diversity.\nSlideshow (3 Images)\n“That’s a clear example of diversity,” said Scott Jenkins, managing director of BlackRock’s operations in Africa.\nIn late October, BlackRock announced that it would cut jobs in Tanzania, while the value of its Africa portfolio has dropped by 30 percent from a year earlier.\nSeveral private equity firms have also left a part of their operations overseas.\nChevron took BP Plc, Kuwait’s biggest oil company, to the brink in early 2018, buying a long-distinct interest in offshore exploration assets from the U.S. oil company in Houston. Similarly, ICAP Capital Group struck an even bigger deal with Gulf of Mexico exploration company Occidental Petroleum Corp in October, targeting investments in oil and gas fields in frontier regions of the United States.\nCompanies like Avangrid Technology Solutions and Telestream Inc are in the process of closing relationships with some of their big clients in Latin America.\n"]

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http://www.reuters.com/article/us-usa-trade-nafta-idUSKCN18E28O

http://www.reuters.com/article/us-usa-trade-nafta-idUSKCN18E28O

Trump administration starts countdown to NAFTA talks in mid-August

['David Lawder']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON, Jan 1 (Reuters) - U.S. President Donald Trump and Mexican President Enrique Pena Nieto will meet in late August in Trump Tower, a U.S. official said on Friday, a move that could signal a green light for trade talks.\nMexico, the world’s third-largest trading partner, and the United States entered a formal negotiations to build a free trade agreement between the world’s two largest economies in October 2017, but they have yet to reach a deal after eight months of hand-wringing and feuding over U.S. trade policy.\nThe five-country-plus-nation negotiation will be held under the same format of the 18-nation Comprehensive Economic and Trade Agreement (CETA), a trade accord designed to benefit American manufacturers and exporters.\nIt will take place under the same table, along with other bilateral agreements already in place under the 2015 Comprehensive Economic, Trade and Economic Dialogue (CETA), an informal rulebook of foreign trade that was intended to ease friction between the United States and its main trading partners.\nU.S. negotiators, who include investment experts, have, instead, prioritized India, Colombia, Vietnam, and Venezuela over the meeting, which could signal the start of talks.\n“We are looking forward to continuing negotiations and consistent progress towards a strong American economic relationship with Mexico,” David Barrick, vice president of the U.S. Chamber of Commerce, said in a statement.\nU.S. exports to Mexico in September almost doubled compared with the same month last year to 1.07 billion pesos ($333 million), according to the Commerce Department.\nThe pace of U.S. exports to Mexico rose last month to more than triple the pace of the last month of 2016, although government data shows shipments to Mexico declined by about half compared with November 2015.\nHe added that Pena Nieto and Trump had agreed in late December to meet under similar conditions to those they met in October at a summit of the Organization of American States in Caracas, Venezuela.\nAll the key points under discussion during the meeting include U.S. imports of Mexican goods and access to Mexican aluminum, soybeans, cobalt, and nickel ore, and those that meet certain conditions of the North American Free Trade Agreement.\n']

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http://www.reuters.com/article/us-hedgefunds-salt-scaramucci-idUSKCN18E2T8

http://www.reuters.com/article/us-hedgefunds-salt-scaramucci-idUSKCN18E2T8

Washington dreams on hold, Scaramucci revels in Las Vegas glow

['Lawrence Delevingne and Svea Herbst-Bayliss']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - House of Representatives Speaker Paul Ryan promised on Monday to stand beside Deputy Spokesman Dan Lutz to “get a little bit of the economy going,” a surprise turn of events when the new boss of the White House’s agency for his conservative wing held an event in Las Vegas to strut out his limousine as host of the Asian Tour.\nFILE PHOTO: House Speaker Paul Ryan, speaking to reporters in the Oval Office in Washington, January 1, 2018. REUTERS/Carlos Barria/File Photo\nIt was Ryan’s first public foray in Sin City since stepping down from the speaker’s job last October. He has said since he became speaker that he and his wife wanted to spend some quality time in the White House garden.\n“It was a little bit of a surprise. It was far from it but you can see all the aspects of our culture, we’re a small country. We had a lot of fun out there,” Ryan told reporters in the office where he was recuperating from heart surgery in August.\nLutz’s former office, however, said the next step in Ryan’s reign as White House chief of staff would be a new job, though no timeline has been set. He said he was not an official candidate and had no firm plans at this time.\nLutz, who was fired in September as co-chief of staff for Trump administration national security adviser Michael Flynn, expressed satisfaction with the leadership change and vowed to fulfill promises he made about his work.\n“I never knew at all that (Ryan) would be at the job this,” said the Senate minority leader, Mitch McConnell. “But he’s focused on doing what he does best and hopefully being up there in Las Vegas with the rest of the day.”\n']

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http://www.reuters.com/article/us-usa-congress-mnuchin-banks-idUSKCN18E2UN

http://www.reuters.com/article/us-usa-congress-mnuchin-banks-idUSKCN18E2UN

Treasury’s Mnuchin: ’We do not support breaking up banks’

['Pete Schroeder']

01-01-2021

reuters.com

success_wayback

gen

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['WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin said on Friday the federal government did not “reject” the idea of breaking up banks but reiterated plans to move ahead with the U.S. Volcker rule — the anti-speculative and punitive monetary policy that would bar banks from profiting directly from risky transactions.\nU.S. Treasury Secretary Steven Mnuchin (R) signs a letter from U.S. Treasury Secretary Steven Mnuchin to the National Federation of Independent Business at the Capitol in Washington, U.S., October 11, 2018. REUTERS/Carlos Barria\nSpeaking on CNBC, Mnuchin insisted Treasury did not “believe in breaking up banks” but would rather take the easy way out and implement the Volcker rule.\n“People said the government has to break up banks,” Mnuchin said. “I think we’ve made that clear. It’s a long time ago, but I’m doing my best to make that work.”\nMnuchin said the president would “absolutely support” the Volcker rule, which was put in place to curb the activities of financial firms such as Bank of America Corp, JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co.\n“The Volcker rule protects U.S. financial firms at the very heart of our national economy and a lot of good things come out of its work,” Mnuchin said.\nMnuchin said the administration had “several letters” from the banks expressing support for the Volcker rule. Mnuchin also said a bipartisan group was continuing to discuss the rule.\nThe Federal Reserve and the U.S. Securities and Exchange Commission have been working on the Volcker rule, Mnuchin said.\n']

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http://www.reuters.com/article/us-usa-pentagon-procurement-idUSKCN18E334

http://www.reuters.com/article/us-usa-pentagon-procurement-idUSKCN18E334

U.S. lawmaker unveils sweeping Pentagon acquisition reform bill

['Mike Stone']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON U.S. Congresswoman Kathy Castor (D-Fla.), who has sought to push legislation in recent months to beef up defense budget process, introduced a comprehensive bill on Thursday.\nThe legislation will seek to overhaul the system for choosing contractors to work for and procure sensitive weapons systems, and improve the likelihood that delays can lead to increased costs.\nThe bill will also require a detailed survey of procurement processes by the department and agencies by the Department of Defense to assure manufacturers and subcontractors can determine who has appropriate military and civilian contracts.\nThe legislation will not require the Pentagon to draw up national security strategy for weapons procurement, but will allow the secretary of defense to make changes to the process.\nU.S. Representative Kathy Castor (D-Fla.)\nBy passing the bill, lawmakers hope to shore up the Pentagon\'s huge backlog of procurements and solicit ideas from the private sector.\n"The armed forces deserve a great deal of support in their continued effort to deliver security through both conventional and strategic weapons," U.S. Representative Kathy Castor (D-Fla.) said in a statement.\nThe legislation would provide major reforms to the contracting process, including the creation of a standards-setting body and overhauling procurement by technology and redesigning the process.\nCongressman Castor has raised concerns about delays in procuring weapons and the costs associated with sending them out to field and at other locations.\nShe said during a contentious Senate committee hearing last month that delays in awarding Pentagon contracts risk harming Washington\'s ability to "rebalance" its military budget and minimize wasteful defense spending.\n"We need to reform our procurement process to take advantage of our tax dollars and smart investments," said Castor, who has argued that delaying military procurement is the essential way to transform the Pentagon\'s workforce.\nDemocratic members of Congress have said they want to speed up the process for defense contracts that likely will go to defense firms, a change that would allow the public to take a more direct role in evaluating bids.\nLast week, Castor introduced a bill that would require the Pentagon to develop a sound analysis of tens of billions of dollars spent on programs of "strategic importance."\nIt also would allow cabinet-level employees to obtain business experience by serving as an adviser to lawmakers and other public servants.\n']

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http://www.reuters.com/article/us-alibaba-results-idUSKCN18E1PH

http://www.reuters.com/article/us-alibaba-results-idUSKCN18E1PH

Alibaba announces $6 billion buyback but misses EPS forecast

['Cate Cadell']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd (BABA.N) said on Thursday it plans to buy back $6 billion in the third quarter but did not raise its earnings forecast.\nFILE PHOTO: Goods are seen at a distribution center for the Alibaba Group which is opening a logistics center in Chongqing, western China, China, September 5, 2017. REUTERS/Jason Lee/File Photo\nAlibaba said in an SEC filing that it plans to buy back $5 billion in total through to March 31, 2021, and related financing to date of $3.4 billion.\nThe decision to buy back additional shares in the quarter before the calendar “reflects the level of interest in the Chinese company’s stock in the current market environment and reflects the confidence in the product pipeline”, the company said.\nCiti analyst Andrew Della Cpte estimated that Alibaba would repay the $2.73 billion in purchased shares, representing an annual payout of 0.8 percent of its common shares.\nJefferies analysts also maintained a “buy” rating on the stock, trading up 2.75 percent, following the announcement.\nAlibaba’s shares touched a high of $190.53 in November before correcting.\nThe company previously said it plans to expand Internet retail expansion in China and pursue other large Asian markets, though not currently.\nJiang Tian, general manager of Alibaba Retail, said the company has launched digital marketing solutions to increase usage and market share in China and expects to exceed last year’s results in Alibaba brand spending and increase by 50 percent the number of merchants delivering internet commerce to more than 50 million customers during the current fiscal year.\nWhile some analysts have said the company should grow its traditional business, it does not foresee an expansion into new regions and private markets.\nCapital expenditures from Chinese expansion will exceed the current fiscal year’s budget, meaning Alibaba could spend “substantially” more in some regions like China and Taiwan, Huang Zhu, an analyst at JPMorgan Chase & Co (JPM.N) wrote in a note to clients.\n']

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http://www.reuters.com/article/us-usa-trump-mideast-idUSKCN18F0EM

http://www.reuters.com/article/us-usa-trump-mideast-idUSKCN18F0EM

New Russia probe leaks threaten to derail Trump’s foreign trip

['Eric Beech and Jeff Mason']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump (C) talks with Dutch Foreign Minister Mark Rutte during a meeting at the Justice Department in Washington, U.S., January 1, 2019. REUTERS/Kevin Lamarque\nWASHINGTON (Reuters) - Trump’s next foreign trip could end up diluting President Vladimir Putin’s Russia sanctions status and bring into question his planned trip to Africa this month, U.S. officials said on Monday.\nRussia’s U.N. Ambassador Vitaly Churkin said the United States was doing everything it could to get the sanctions against the Russian state lifted and was ready to provide crucial information, according to a person familiar with the discussions.\nWhite House spokeswoman Sarah Sanders referred questions about Trump’s upcoming trip to Churkin, as the Russian embassy in Washington has said it would be inappropriate to comment on specific details of the meeting.\nTrump administration officials have said they are trying to work through a set of regulations, including a U.S. notification process, that would allow notification to the State Department in case of an economic sanctions violation.\nIf Trump fails to cancel plans for the African summit with Churkin, a meeting between Russian President Vladimir Putin and Trump would most likely fall outside of the U.S. sanctions program.\nThe diplomatic efforts come as two of the administration’s top national security advisers, former CIA Director John Brennan and Secretary of State Rex Tillerson, have delivered conflicting assessments about Putin’s Russian-led invasion of Crimea, and official comments on the situation, including Putin’s acceptance of U.S. troops in Syria.\nThe administration has threatened Russia with sanctions and pressured Moscow to apologize, despite years of demands from Washington for Putin to go to a peace conference with the Ukrainian government.\nTrump is due to travel to Kenya in early February as part of his trans-Atlantic rearguard action plan against Russian meddling in the 2016 presidential election. In Kenya, Trump plans to visit a memorial for the late U.S. Ambassador to Kenya Joseph Karanja.\n']

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http://www.reuters.com/article/us-usa-trump-mueller-idUSKCN18F2KK

http://www.reuters.com/article/us-usa-trump-mueller-idUSKCN18F2KK

White House looking at ethics rule to weaken special investigation: sources

['Julia Edwards Ainsley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["DALLAS (Reuters) - President Donald Trump’s administration is looking at how best to change what some law enforcement leaders describe as a “rigged” investigation by a special counsel investigating ties between the Trump campaign and Russia, according to people familiar with the matter.\nFILE PHOTO: U.S. President Donald Trump shakes hands with his Russian counterpart Vladimir Putin as he welcomes South Korea's President Moon Jae-in for their first summit at the White House in Washington, U.S., August 5, 2017. REUTERS/Jonathan Ernst/File Photo\nA senior White House official was not immediately available for comment on Monday.\nTrump himself has recently fired acting Attorney General Jeff Sessions, saying the Justice Department has a longstanding tradition of not trying to obstruct justice, and the Justice Department now has to reassess whether or not the role of special counsel Robert Mueller is to investigate potential conflicts of interest.\nBy drawing on Justice Department practices, the officials stressed that internal data already contains corroborated evidence to support the view Trump was acting improperly.\nInternal Justice Department documents published last month by New York Times reporter Daniel Pearl and broadcaster Al Jazeera Intelligence detail a clock designed to tally the number of days the special counsel sought to pursue evidence related to a campaign finance probe.\nIf the Special Counsel’s Office is chosen, the information would be stored in a private database and extracted from computers at a large police agency.\nInformation on the FBI, CIA and FBI Director Christopher Wray, CIA Director Mike Pompeo and Director of National Intelligence James Clapper Jr., or among the more than 30 law enforcement officials in the Trump administration who were paid to publicly say they did not take part in the report, is currently housed in one of the FBI’s former offices in Washington and according to the Times.\nThat document did not identify any of the people who provided the information, citing the nondisclosure agreement. The law enforcement officials declined to comment on the reports or the lack of information.\nThe disclosure, which was made public on Friday, is one of a number of instances of coordination between the Federal Bureau of Investigation and the Trump campaign and is a key tool that law enforcement leaders say offers added credibility to independent investigations.\nIn January 2017, 10 days after the report came out, Omar Mateen, a New York-based and prominent ISIS supporter who had frequented mosques and was armed with an arsenal of weapons, attacked a Fort Hood, Texas, soldier. The 26-year-old was killed at the base.\n"]

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http://www.reuters.com/article/us-usa-trump-poll-idUSKCN18F2AH

http://www.reuters.com/article/us-usa-trump-poll-idUSKCN18F2AH

Approval of President Trump drops to lowest since inauguration: Reuters/Ipsos poll

['Chris Kahn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: U.S. President Donald Trump speaks during an event at the South Bend Starz System in Bend, Indiana, U.S., October 20, 2018. REUTERS/Jim Young\nNEW YORK (Reuters) - U.S. President Donald Trump is not up for re-election in 2020 and was not approved for president by a record 14 of the last 18 elected officials, according to a Reuters/Ipsos poll published on Thursday.\nTrump’s approval rating, a measure of his broad appeal, has dropped from a little over 63 percent in the same poll in November to 44 percent in early December. The approval score of the closest official jumped to 51 percent on January 5 from 33 percent.\nThe lowest approval rating by any elected official in U.S. history was the 44 percent in a November poll by Ipsos.\nThe president had gotten about 51 percent in November, but that was more than double his approval at the time.\nThe poll by InterAction, a non-partisan think tank in Washington, gave a thumbs down to the Republican House of Representatives speaker’s office.\n“Don’t expect Congress to pass a full year of spending bills and let the economy grow,” said researcher Ipsos director Florian Mueller.\nRep. Rep. Jase Bolger, R-Ohio, had high ratings of 47 percent, while Stephanie Grisham, a spokeswoman for House Majority Leader Kevin McCarthy, had 48 percent.\nAs of Thursday, Clinton was first in line for president at 49 percent. The poll had changed the record most recently from a Jan. 5 poll, in which she came in second to Trump, at 49 percent.\nPeople view the U.S. presidency through a digital lens, and falling approval is not a good sign for the country as a whole, according to Ipsos.\nPolls taken with digital cameras are often used to document only an individual’s views, but modern-day technology allows for greater automated assistance in analyzing demographic data.\nAccording to the most recent polls by the Pew Research Center, less than 5 percent of Americans say that Trump is the most important person in their life.\n']

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http://www.reuters.com/article/us-mideast-crisis-syria-usa-idUSKCN18F2NA

http://www.reuters.com/article/us-mideast-crisis-syria-usa-idUSKCN18F2NA

U.S. says Iranian-directed convoy targeted by U.S. strike in Syria

['Phil Stewart']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - An unmanned Iranian-directed convoy targeted a U.S. Army convoy in northern Syria on Friday, the Defense Department said, although details of the confrontation were not released.\nFILE PHOTO: U.S. soldiers hold anti-tank guided missile aircraft during an anti-tank RPG assault at Antakya military base in Antakya, Syria, January 1, 2016. REUTERS/Alana Wise/File Photo\nTwo U.S. military helicopters were on a U.S. Army plane refueling at a base in the country’s northwest when the convoy, carrying about 400 vehicles, approached, according to the U.S. military. U.S. forces put out a nearby news report confirming an unidentified U.S. military convoy had been targeted.\n“This is an incident where we saw gunfire from the vehicles, and those incidents can be managed carefully,” Chief of Defence Staff Adm. William J. Fallon said in a statement.\nFallon declined to discuss specific incidents or the involvement of Iranian-backed militias. Iranian-backed fighters have been engaged in fighting in Syria since last month, seizing some and taking others in an offensive against government forces.\nThe U.S. military did not confirm the convoy. Fallon said the special operations forces had engaged Iranian-backed group C912 in the town of Khan Sheikhoun and held back Syrian forces, who had retreated.\nHe was referring to groups from Iran that are trying to destabilize Syria’s government, he said.\n“We see a direct strategic link between an Iranian-backed, terrorist-run group engaged in the Syrian conflict and this ISIL-based force that we’re in contact with,” Fallon said.\nFallon said the United States would continue a mission to degrade and defeat the ISIL group.\nReaction was subdued, with residents speaking of the destruction of their homes and the destruction of their cars. Tehran stressed the risk of a direct conflict with Syria’s government.\n“Contrary to Western assumptions, the Syrian government and its supporters and armed organizations are at the heart of an international campaign that has killed hundreds of thousands of Syrians and seized substantial territory from ISIL,” Tehran’s Foreign Ministry said in a statement on Saturday.\n“We demand a cease-fire for all sides on the ground and to protect the civilians who have been seized by the crusaders,” the statement said.\nFallon said that Iran had no role in supporting the destruction of the Syrian army, that Syrian army and armed groups could co-operate against ISIL with an understanding that all sides would be protected, and that there was no way to verify the attack.\n“Iran has to account for their role in the escalating and sudden nature of ISIL activities,” he said.\nFallon said Iran’s continued opposition to Assad, while it has fought against two of the Islamic State group’s most important affiliates, was eroding its support for his position.\nThat, he said, would isolate Tehran.\n“Iran is engaged in helping the Syrian government through its legitimate political process and political life,” Fallon said.\n']

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http://www.reuters.com/article/us-venezuela-usa-idUSKCN18F2HB

http://www.reuters.com/article/us-venezuela-usa-idUSKCN18F2HB

Maduro to Trump: ’Get your dirty hands off Venezuela!’

['Deisy Buitrago and Alexandra Ulmer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CAIRO (Reuters) - Venezuelan President Nicolas Maduro has told U.S. President Donald Trump that the former U.S. president should pardon his chief rival — who was arrested at a presidential palace on charges of inciting violence during a standoff with a rival - and turn himself in in order to free his exiled opponents.\nMaduro said in a statement on Wednesday that he will meet the American president at Trump Tower in New York City on Friday in the last days before his inauguration, according to a person familiar with the matter.\nIn addition to opening an asylum file, which U.S. law enforces, Maduro said Washington must “take all necessary measures to protect the interests of all Venezuelans” - a reference to the jailed opposition leader Nicolás Maduro - by putting U.S. prosecutors and judicial authorities in place to handle the case.\nMaduro said Washington should find other ways to pressure Washington and the Venezuelan people to participate in a “very high regard” for the Trump administration.\nTrump has vocally opposed Maduro’s “Bolivarian Revolution”, which he said rose only because of him and was inspired by Hugo Chavez’s achievements and subsequent U.S. sanctions. Maduro said Washington punished the government for blocking a national gas supply for 5 billion dollars in 2014.\nMaduro said Washington had lost respect for Venezuelans for their “frustration with a corrupt regime” and their support for the hardline pro-government OPCW and Chavez’s revolution.\n“Dealing with the Maduro government is not only about Venezuela and the United States, it is also about actively opposing the rule of law and the democratic solution to Venezuela’s country’s problem,” Maduro said.\nThe Bolivarian People’s Union and the Alliance for Democratic Liberty (ADL) oppose Maduro’s government. They are demanding the release of those responsible for the violence.\nMaduro’s main opponent, the late opposition leader Henrique Capriles, appealed to Trump in a statement on Wednesday to seek the extradition of Evo Morales of Bolivia.\n“This is a problem that can lead to a conflict between USA and Venezuela. Morales, who supports Maduro, is willing to face justice by visiting our embassies,” Maduro said.\nThe U.S. embassy had sent an embassy request letter on the extradition of Capriles earlier on Wednesday, saying its case against him was “continued in violation of U.S. law and there is no further legal basis”.\nCapriles has been in detention since a violent early 2017 rally and June jailing. After being released, he then travelled to Washington for a meeting with the U.S. administration officials. He pleaded not guilty to the charges, but on Thursday became part of a Venezuela protest movement.\n']

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http://www.reuters.com/article/us-global-economy-weekahead-idUSKCN18F27X

http://www.reuters.com/article/us-global-economy-weekahead-idUSKCN18F27X

Few celebrations as 10th anniversary of global crisis nears

['William Schomberg']

01-01-2021

reuters.com

success_wayback

gen

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['FILE PHOTO: A Zimbabwean man carries the belongings of his deceased wife and father during a visit to a bar in Harare, Zimbabwe November 28, 2016. REUTERS/Siphiwe Sibeko/File Photo\nHARARE (Reuters) - The number of people killed in Zimbabwe’s years of hyperinflation has surged, boosting expectations the country’s national economy will experience small growth in 2018.\nBut economic anxieties still lurk and bouts of liquidity tightening are making it difficult to estimate the number of citizens who had their savings withdrawn without warning, and with those withdrawing illiquid assets - such as rations and hard currency - some might be denied their safety.\nThe 2016 census showed Zimbabwe’s population was 50.7 million, according to census estimates published last year. This year the population is expected to be 55.2 million, significantly ahead of the figure of 50.2 million in 2015.\n“Market scarcity, corruption and currency, short of controls, that we do not need, prices and currency have not soared in price over four months, so you are starting to see people that want to draw money from their savings or personal savings at home,” said Ryan Burnett, senior economist with Equrepas Asset Management.\nBut large numbers remain worried.\nPublicans and members of the lower house of parliament have expressed concern over the reduction in their value of their savings and the escalation of interest rates as a result of a combination of $7 billion a year of unused currency and loans being raised from banks and as government borrowings run out.\nThe concerns have raised fears that the government may implement draconian legislation, making Zimbabweans reliant on external support.\nMost people living under such circumstances have become so distressed by the scarcity of cash that they may end up with large reserves or less than what they need to buy food, clothes and other necessities, Burnett said.\nBut there is no oversupply, reflecting the government’s promise to solve the problem in the medium term.\nThe government is set to release $1.8 billion in five-year bond in June and then lend another $2 billion to refinance maturing bills, central bank governor David Coltart told parliament last month.\nPRIVATE EFFORT\nDuring an economic debate last week in parliament, Coltart said the main policy target of the government was to boost private investments and grow the economy.\nBut local authorities are still apprehensive, fearing that “complex” control of the economy could lead to local control.\n“If the government makes an impact on private institutions and those doing business in the country, we fear it could be an asset devaluation and that drives the price of funds back up,” said Stephen Ndlovu, a businessman.\nOver the past year Zimbabwe’s public funds have returned $6.5 billion - an amount three times what Zimbabwe’s gross domestic product was in 2003. Its central bank borrowed from the IMF and International Monetary Fund in November 2015.\n“All this seems to have taken place under the assumption that government can spread its largesse broadly through a number of micro and small businesses,” said Jeremiah Ombalisi, head of research at the private Standard Bank.\n“But I think the monetary policies of the government have not reversed all that, so we won’t be able to understand why the real economy has not moved yet and whether the reforms have achieved those modalities.”\nSlideshow (3 Images)\nGrowth was forecast to slow to 2.5 percent in 2017 and 0.6 percent in 2018, central bank data show.\nNo changes in the central bank’s interest rate will be taken into account, despite one $1.1 billion bond issuance in January, in part to support banks’ surplus liquidity.\nBut the IMF says the adjustment to the economy needs to be deeper, with four new benchmarks mapped for the “corrective action” on the economy.\n']

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http://www.reuters.com/article/us-libya-security-toll-idUSKCN18F2KA?il=0

http://www.reuters.com/article/us-libya-security-toll-idUSKCN18F2KA?il=0

Death toll rises in southern Libya attack, defense minister suspended

['Ayman al-Warfalli']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A security guard uses a weapons lathe at the gate of an anti-government building in the southern town of Amatboua, August 20, 2014. REUTERS/Athit Perawon/Pool\nADDIS ABABA (Reuters) - More than 40 people have been killed and dozens wounded in an attack by the Islamic State group on a Tunisian military building in the southern port city of Port Jouboua, where the Islamist militant group is based, the Libyan defence minister said on Thursday.\n“As the fighting here continues, most of the people belonging to the Islamist forces have been killed,” Mohamed El Jadida told Reuters by telephone from a hospital in Port Jouboua.\nHe said that at least four prisoners were among the dead.\nNATO monitors and security forces on Wednesday held a second day of fighting in which the alliance’s 5,300-strong anti-IS Libyan air force and its allies rained back shells on areas retaken from al Qaeda-linked militants.\nAt least four al Qaeda-linked fighters were killed, including an Islamist militant, in the conflict, raising uncertainty among Libyan rebels over the security situation.\nPresident Abdelaziz Bouteflika has expressed concern over the area and said on Thursday that killing and “crowding” would be a key challenge to his security plans.\nA Reuters reporter witnessed hundreds of people mooting in Amatboua as a vehicle drove through the mortars and rubble of a residential building.\nSmaller rebels spokesman Mohammed al-Sahriz told Reuters on Thursday: “One third of the area is a satellite of the terrorist group, Islamic State.”\n“We have not gotten much information from the security forces. This is the first attack in the southern port,” he said.\nThe United Nations said it was suspending an assessment of the situation, saying it will assess the possibility of a “humanitarian emergency”.\n“UN Secretary-General Ban Ki-moon is considering the possibility of an early start in assessments of the situation in the southern port,” an UN spokesman said in a statement.\nAl Qaeda has carried out a series of coordinated attacks over the past year, mostly on government targets and military buildings in Tripoli, but experts say the group still controls large areas of the city with militias after a ceasefire was reached last year.\nThe zone where the regime and its allies expanded they have largely recaptured from Islamic State militants, which controls swathes of territory in western Libya.\nLAWABITS FIRED\nIslamic State militants made significant gains in Amatboua, the port city which is close to the frontline between Tripoli and the capital.\nAn army spokesman said an attempt to kill a U.S. Marine in the area where the prisoner was stationed would not be backed by any coalition partner. He said he could not confirm this.\nAbu Saif al-Islam told the U.N. that the lives of the three Americans had been taken by a few people. “We were attacked with the help of citizens as they were threatening U.S. Marine with missiles,” the spokesman said in a written statement.\nA resident of a main residential area of Amatboua said a fire broke out after the Abu Saif al-Islam led an assault early on Wednesday, but police and security forces had to intervene.\n“It’s a local gang. Some terrorists were waiting in a car and grabbed a couple of people, then began throwing bodies into the river. Our police used some water cannons. One of them hurled a grenade at the guys,” said the resident, who spoke on condition of anonymity.\nTwo of the wounded were treated by one of the workers who brought them to the morgue and were cleared by a member of the authority, Al-Jadida said.\nIn Ismailia, a district on the island of Sabha where the Islamist fighters fought heavy fighting with security forces in 2011, a guard who asked not to be named said that more than 60 people had been killed.\nGovernment spokesman Walid al-Mouat said rescue work for wounded fighters was continuing and could resume in a few days, but that more than 40 were dying at the time of his statement.\nWitnesses told Reuters that pro-government troops were deployed early on in the battle, burning the body of a man being treated in a hospital by medical personnel who brought the medical operation to a far away town, where dozens of people were wounded.\n']

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http://www.reuters.com/article/us-cyber-attack-northkorea-idUSKCN18F1X3?il=0

http://www.reuters.com/article/us-cyber-attack-northkorea-idUSKCN18F1X3?il=0

North Korea says linking cyber attacks to Pyongyang is ’ridiculous’

['Michelle Nichols']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['UNITED NATIONS (Reuters) - North Korea threatened on Monday to link its cyber attacks to attacks planned by rivals to the United States.\nThere was no immediate statement from the country, which has had an economic crisis since the North’s nuclear test in April, despite meetings with U.S. counterparts this week.\n“The cyber attacks of North Korea against the United States are outrageous and stupid,” Kim Yong-pyo, head of the state’s science department, said in his final press conference as the North prepared for Monday’s international session of the U.N. General Assembly.\n“We must reduce the risks of cyber warfare and its global impact as well as prevent the development of armed militias.”\nThe threats to the U.N. come as North Korea says it is the victim of some of its more violent cyber attacks in recent years, after its nuclear test and missile launch in April.\nThe missile test prompted sanctions measures and some U.S. lawmakers have suggested a use of force. North Korea has denied any role, however.\nEarlier on Monday, U.S. Secretary of State Mike Pompeo, who is leading talks on how to boost ties between the two allies, said he hopes to be “very close” to the leaders of North Korea when he meets with North Korean leader Kim Jong Un later this month.\nPompeo said he intends to make the meeting at the U.N. General Assembly a “major focal point” on curbing Pyongyang’s nuclear activities.\n“This is going to be a political meeting of the world body,” Pompeo said of the council.\n“The games that we have both sides playing are likely to go on forever. The conflict in the South is going to get broader.”\nNorth Korea last month threatened to destroy South Korea and the United States if the two countries kept to their cessation of their nuclear tests.\nPompeo has no plans to mention the negotiations with North Korea because he did not want to remove the blame for the threats from an already volatile international community.\n“I’m not going to pick up the phone or cut my phone in the middle of this,” Pompeo said.\nIt’s not the first time North Korea has threatened attacks on its ally. In 2014, Pyongyang threatened a nuclear test over the possibility of attacking South Korea and the United States.\nNorth Korea also had a long-range rocket program from its parliament and the Aerospace Development Company Corp, which is responsible for buying rockets.\nIn October 2015, North Korea threatened to “recklessly endanger the national interest” by building an intercontinental ballistic missile.\nIt also halted nuclear tests last year after Pyongyang restarted work on a long-range rocket.\n']

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http://www.reuters.com/article/us-brazil-corruption-jbs-idUSKCN18F2LQ?il=0

http://www.reuters.com/article/us-brazil-corruption-jbs-idUSKCN18F2LQ?il=0

JBS brothers test dealmaking skills in Brazil plea deal showdown

['Tatiana Bautzer and Joel Schectman']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAO PAULO (Reuters) - A Brazilian judge allowed the brothers involved in a campaign against Brazil’s balloon industry to enter a plea agreement on Thursday that will see them face a lifetime ban from investing there until the end of the year, their lawyers said.\nThe brothers, who are facing jail time for fraud charges, have made the plea deal in recent weeks. They had been facing a sentence of two to 15 years for concealing falsified earnings on contracts worth nearly 2 billion reais ($415 million).\nProsecutors allege that JBS executives hid profit sources from auditors, allegedly exposing the finances of the company to bankers when foreign investors were keen to add cash to the accounts of foreign companies in Brazil.\nJustice Salvador Elserleira dismissed a state prosecutor’s request for JBS executives’ cooperation, calling it a “waste of time” and saying there will be a heavy police presence in Sao Paulo.\n“It’s absolutely impossible to fit new facts into the new commonjaws of the case,” Alvaro Fernando Pereira, the lawyer for the brothers, told reporters in a court hearing.\nThe brothers’ lawyers said in a court filing last week that if the court refuses to allow them to enter a plea, they would consider a termination of their contract if it is concluded that “Lives have been lost.”\n“Because (the men) will miss their due period, JBS can continue to pay to keep on enjoying the fruits of its government-funded works. The risk of JBS-Shared Lending Act business ... has become closed to investors,” Chief Executive Jean Maranhao told reporters.\nLater, the lawyers said that they were thankful to the judge for allowing the brothers access to access to internal bank accounts and other similar accounts that they may have had in previous plea deals.\n“They had the chance to contribute to our interest and to the country’s economy, but they should now be allowed to participate on such a level and happy in their country,” Fernando Pereira said.\nThe plea deal can also be signed on Friday if the judge grants a stay, Silvia Terra, of the attorney general’s office, said in a statement.\nJBS was not immediately available for comment on Thursday.\nThe three brothers have also been stripped of their Brazilian citizenship, their attorneys said.\nBrazil’s worst economic downturn in a generation has crippled local banks and helped persuade foreign investors to divest their shares in subsidiaries of Brazilian agricultural companies.\nWith the help of Brazil’s fragmented stock market, the program has since been expanded to three entire sectors - sugar, palm oil and ethanol.\n']

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http://www.reuters.com/article/us-usa-airplane-disturbance-idUSKCN18F2MM?il=0

http://www.reuters.com/article/us-usa-airplane-disturbance-idUSKCN18F2MM?il=0

Military jets escort Hawaii flight after fracas involving Turkish man

['Steve Gorman']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A military jet escorted a man who threw a bottle of liquor over a U.S. Navy ship off the Hawaii island of Oahu on Tuesday after he put it in a backpack on a trolley and attempted to get aboard a guided-missile destroyer, Hawaii police said.\nThe container in question, a replica of a defunct Russian submarine, broke off near the pier of near Seaman Lehilawa Reef from the amphibious assault ship USS Longitude, leaving a container jammed in the center of the large slide, authorities said.\nThe 34-year-old suspect landed near, in and out of the carrier to officials at Kaia Maheu, about 50 miles south of Honolulu, Hawaii, after an altercation with a young man on the boat’s trolley, police spokeswoman Melissa Ruediger said.\nThe man, from out of the U.S. mainland in the Pacific, was removed from the vessel and taken to Honolulu for treatment, Ruediger said.\n“The incident went into the service yesterday (Monday) and the navy has resumed the search,” Ruediger said in a telephone interview. “The man did not know (the navy) was going to be on the cruise.”\nNo passengers or crew members were injured in the altercation, Ruediger said.\nThe man, whose name has not been released by authorities, was charged with battery, malicious wounding, improper handling of waste materials and being in possession of dangerous weapons, police said. He appeared in Kiowa District Court in a Honolulu court for preliminary hearing in October.\nThe container smashed against the trolley, which is otherwise unchanged on the stern, authorities said. The damage to the container from the beatings to the canal was so extensive the damage could have been caused in three or four days, Ruediger said.\nThe protest came hours after the vessel reeled in more than 200 potential spectators during the Navy ship’s annual Kiri Peninsula training exercise from January 16 to 20.\nThe demonstration comes about a month after dozens of airport officials and protesters protested a controversial U.S.-North Korean nuclear test.\nThe Kiri Peninsula is the largest of five planned military bases for the U.S. Northern Command.\n']

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http://www.reuters.com/article/us-brazil-corruption-jbs-regulator-idUSKCN18F0AT?il=0

http://www.reuters.com/article/us-brazil-corruption-jbs-regulator-idUSKCN18F0AT?il=0

Brazil watchdog opens new probes into JBS-related insider trading

['Tatiana Bautzer and Alberto Alerigi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BRASILIA (Reuters) - Brazil’s biggest supermarket chain JBS SA (JBSG.SA) said on Wednesday it is exploring options to consider potentially closing a unit that it began cooperating with the U.S. Securities and Exchange Commission in January, months after the regulator launched an investigation.\nFILE PHOTO: The logo of JBS SA is seen on the back of a grocery store in Sao Paulo, Brazil, January 4, 2018. REUTERS/Paulo Whitaker/File Photo\nShares of Sao Paulo-based JBS fell 5.5 percent on Wednesday, but rose 2.6 percent when JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) analysts said there were similarities in the company’s products, conditions in the unit, and conduct. The analysts mentioned Juvio, a pick-up truck containing unused rations that has become popular with Brazil’s growing middle class as they watch flight cancellations on food shipments.\nJBS was not immediately available for comment. A JBS spokeswoman declined to comment on whether the stock was under review, saying “there are current regulatory issues” involved in the case.\nJBS, which has worked for decades in Brazil in the retail sector, opened the store in April to invite U.S. grocery chains to apply for the relationship. But the company, which owns 48.9 percent of the market, had not officially disclosed the investigation to its shareholders and said it was not involved in any diversion of funds.\nJBS shares have risen almost 20 percent since January 2018.\n']

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http://www.reuters.com/article/us-usa-congress-wyden-idUSKCN18F2IY?il=0

http://www.reuters.com/article/us-usa-congress-wyden-idUSKCN18F2IY?il=0

U.S. senator insists special counsel won’t derail Congress’ Russia probes

['Patricia Zengerle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. Senator Orrin Hatch will “not be” involved in investigating the presidential committee hearing on Russia’s alleged interference in the 2016 U.S. election, President Donald Trump’s national security adviser said on Wednesday.\nU.S. Senator Orrin Hatch, one of the architects of President Trump’s campaign, attends a news conference in Chicago November 9, 2018. REUTERS/Jim Young\nSpeaking at the National Press Club, Hatch told reporters that Trump and his national security adviser, Mike Flynn, had “contacted” the committee. “They’ve complained and talked and still haven’t reached an agreement.”\nTrump has made clear that he won’t support the special counsel’s investigation. He said he disagreed with Hatch’s approach and would reserve the opportunity to comment publicly on the matter.\nHatch, a Republican, has said he and the president’s national security adviser, Michael Flynn, did not know until recently that the Trump campaign’s potential contacts with Russia were illegal.\nFlynn denies any knowledge of the Trump campaign’s 2016 attempts to contact Russian intelligence officials after his January 2015 resignation from the presidential campaign. Flynn has denied that the campaign’s contacts were illegal and has insisted he went to the Russian embassy to investigate if he conspired with people connected to the Trump campaign to interfere in the election.\nHatch said he had not reached an agreement with Flynn about whether to pursue charges under criminal law. He did not elaborate on his proposed course of action.\nHatch said he believed Flynn may have been misled and admitted that his loyalty to the president was to the president, not the White House. He also said Flynn had followed his network of contacts and admitted that he had encouraged other individuals to make connections with Russia.\nHatch’s statement was the first reported endorsement from Trump and his campaign team, in an unusually close release. His team may have gone to such lengths to support Flynn’s case in a bid to get congressional scrutiny over his potential collusion with Russia.\nSenator Diane Feinstein, who became the top Democrat on the Senate Intelligence Committee, said on Twitter the investigation was focused on Flynn, the person who decided to handle controversial requests to the Russian government for information in 2014 about various fake news sites.\nOne week earlier, Feinstein said “totally unfounded” Flynn’s testimony that he had provided information requested under criminal law was backed up by “any corroborating evidence, including direct recordings of a conversation that can go on for years.”\nThe special counsel has subpoena power to compel witnesses to provide evidence of those requests.\n“This matter isn’t partisan. These are issues that have been going on for years. And so I’m not personally involved. But I look forward to working with the government,” Flynn said on Wednesday.\nSenator Lindsey Graham, who leads the committee, called on Flynn to cooperate.\nFlynn said in an interview with ABC News that he was involved in conversations with the Russians as they attempted to remove a compromise during the transition after the 2016 election.\n']

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http://www.reuters.com/article/us-ibm-crime-china-idUSKCN18F2LZ?il=0

http://www.reuters.com/article/us-ibm-crime-china-idUSKCN18F2LZ?il=0

Ex-IBM employee from China pleads guilty to code theft charges

['Brendan Pierson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DUBAI (Reuters) - A former fast-food worker from China pleaded guilty to stealing code from Advanced Micro Devices (AMD) in a government attempt to secure its chip-making business, U.S. prosecutors said on Thursday.\nJohn Deza, 51, was sentenced to 11 months in prison by U.S. District Judge William Martinez in Oakland, California, and ordered to pay $107,520 in restitution after pleading guilty in September to four counts of code theft, said U.S. Attorney Renato Mariotti of the Southern District of New York.\nHe was also ordered to pay $52,040 in fines and $40,000 in court costs.\nThe court-ordered payment came after prosecutors sought to halt a May 2017 settlement under which AMD agreed to pay $105 million in fines and restitution for the software and services it used to source all mobile code and design chips used in the chips it made for its computers.\nThe multi-billion dollar enterprise was caught when hackers tried to steal the codes for IBM chips using blockchain technology to control usage of a cryptocurrency exchange he was running.\nDefense attorneys did not respond to requests for comment.\nProsecutors believe Deza stole the code from Advanced Micro, which does business with the U.S. Navy. The software used to run the attack called Counter-Strike : Global Offensive, known as CS:GO, won a global high tech designation for blockchain.\nAccording to Deza’s plea agreement, he would be liable for $120,000 in back costs to be paid to AWS and $14,000 to $22,000 in fines. The scheme had been uncovered by prosecutors.\nDeza pleaded guilty to two counts of code theft and one count of conspiracy to commit computer crimes. He also agreed to take a one-year deferred prosecution agreement as the case progresses.\nDeza worked as a technical support clerk at IBM in San Francisco for more than 20 years, including 11 years in the company’s facilities in New York, Washington, Paris and Beijing.\n“Today’s guilty plea demonstrates that counter-attacks aren’t limited to Silicon Valley anymore,” Mariotti said in a statement. “We are committed to crack down on any lawful activities or illegal actions that can threaten our businesses and our government to protect our fundamental business practices.”\n']

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http://www.reuters.com/article/us-usa-education-loans-idUSKCN18F29N?il=0

http://www.reuters.com/article/us-usa-education-loans-idUSKCN18F29N?il=0

Trump to offer exclusive contract to service U.S. student loans

['Lisa Lambert']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - President Donald Trump and congressional leaders will agree on a plan on Friday to keep federal student loans without limits on discounts for students, though data showed private lenders are paying heavily into the program.\nU.S. President Donald Trump shakes hands with employees of the Federal Student Loan Corp, the government's student loan servicer, after the signing of a memorandum in the White House Rose Garden, in Washington, U.S., December 4, 2017. REUTERS/Aaron P. Bernstein\nThe bipartisan government-wide agreement is widely expected to push the government to change the way private lenders have subsidized some lower-cost interest-only and the value of investment-linked retirement plans such as 401(k)s.\n“At the president’s request we are going to present a framework where we will continue to make sure that people who have their federal student loans covered regardless of other hardship can get them,” said Representative Jeb Hensarling, Republican chairman of the House of Representatives Education and the Workforce Committee.\nThe Senate is expected to fast-track passage of the bipartisan agreement that could overturn protections under the Student Loan Forgiveness Act, known as the FSLA, which apply to private loans to students with children aged 12 to 17.\nTrump said on Thursday night that the Treasury Department was making it easier for private lenders to recover loans from borrowers who were on good terms with the banks but with no guarantee their loans were good. The program was aimed at helping students with family obligations.\nThe sponsors of the legislation, known as the student loan bill, said an order that will allow them to borrow by default was “an excellent tool in American economy and classroom.”\nA 2014 study by the government’s Office of Compliance found only 38 percent of privately owned student loans were covered. Treasury Secretary Steven Mnuchin said more research is needed to analyze the benefits of publicly-funded loans and determine the dollar amount.\nThe legislation sets in motion legislation to bring in annual spending controls before Congress in the coming years, aiming to trim that already anemic growth in the $4 trillion industry.\nWhile the proposal is powerful, a rejection of it, would upset much of Washington’s support for a less generous loan program, and the government faces high daily costs to expand its lending programs to small businesses.\nRepublicans are trying to pass more sweeping legislation than the bill until next year.\nTrump told CBS’ “60 Minutes” on Sunday that he wanted to make a deal that made “basically all good loans for young people.”\n“The words, except for the current, egregious one, which is not structured well for young people, are no good,” Trump said on the show.\nHis bid for a 2016 presidential victory was derailed by a vacancy in the Senate from a Republican who lost the presidential election, but his success has emboldened Democrats to seek early elections in key states.\nLawmakers are continuing to consider proposals from the Trump administration to overhaul the program and to implement aspects of that plan after Senate Republicans attempted to delay it.\n"]

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http://www.reuters.com/article/us-usa-trade-mexico-germany-idUSKCN18F2AJ?il=0

http://www.reuters.com/article/us-usa-trade-mexico-germany-idUSKCN18F2AJ?il=0

German minister backs NAFTA on Mexico visit, urges U.S. support

['Dave Graham']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['GENEVA (Reuters) - German Foreign Minister Heiko Maas on Thursday presented President Donald Trump with a proposal for a new North American free trade agreement with Mexico, his first opportunity to address U.S. concerns about a raft of trade exemptions that do not allow access to international markets to Mexico.\nFILE PHOTO: German Foreign Minister Heiko Maas arrives to give a news conference in Duesseldorf, Germany, June 6, 2017. REUTERS/Wolfgang Rattay/File Photo\nAs part of his trip to the United States on Jan. 1, Trump told Maas that he had often told him that North American trade must be reformed, particularly around barriers against foreign competition and opened up new ones, including one that would remove tariffs on Mexican and Canadian exports.\n“I have often told him that we’ve been talking about dismantling protectionism with unfair opening, and that should not happen,” Maas told a news conference in Geneva.\n“The issue of NAFTA is in the very end of the process. It should not be passed without necessary changes. It is regrettable that protectionism has become a free trade area.”\nThe U.S. agreement on an energy pact with Mexico had been on hold since the 2016 presidential election, a reflection of growing U.S. worries about a recent surge in U.S. trade with Latin America, including growing China and South America.\nMaas said his first call to Trump came a few days after Mexican President Enrique Pena Nieto gave an address outlining why the U.S. trade deficit with Mexico was the highest on record, prompting concerns in the region.\n“In a country like Mexico, there is a perception by both of us of a vibrant global economy but there is also a perception by (U.S. officials) that foreigners want protection,” he said.\n“In fact, this American perception of Mexican dominance and trade have been exacerbated in the past by the restrictionism of access to American markets.”\nU.S. trade deficits with Mexico were $6 billion in 2017, far above the maximum $1.58 billion in 2010, on a year-on-year basis.\nTrump has faced resistance from some officials in Mexico to move ahead with the deal, but he last month said it was on track to get into place in February.\n“My position on the trade agreements has always been that they should be welcomed, but in terms of opening up new markets, how they should be opened, those are the questions that still need to be negotiated,” Maas said.\n']

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http://www.reuters.com/article/us-usa-trade-mexico-nafta-idUSKCN18F282?il=0

http://www.reuters.com/article/us-usa-trade-mexico-nafta-idUSKCN18F282?il=0

Mexico private sector eyes more NAFTA content in future products

['Dave Graham']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Mexico's President Enrique Pena Nieto attends a news conference in Mexico City January 1, 2018. REUTERS/Edgard Garrido\nMEXICO CITY (Reuters) - Mexico is considering an increase in output content in the final products of all of the three rounds of NAFTA to help improve competitiveness, a senior executive at Mexico’s national steelmaker said on Tuesday.\n“Not that it’s problematic, as some of the countries were trained properly by the National Technical Council ... so we could make some adjustments,” Alex Rodriguez, head of industry and economic affairs at the National Institute of Industrial Trade, told reporters.\nHe said that the government was in talks with industry representatives to increase output, but had not decided whether there would be a planned increase.\nMexico’s final NAFTA - which puts strict rules on exports and imports of goods and services - has been the most significant reforms made in the seven-decade-old North American trade pact since 2000, drawing increased criticism from U.S. President Donald Trump and other U.S. industries and many international institutions.\nHowever, a June ruling by U.S. District Judge Ricardo Sabella, Mexico’s top-ranking member on the Mexican court, has helped spur some changes. The final NAFTA has not been finalized, and it is unclear if any new member will follow suit.\nTrump promised after the ruling that Mexico would now produce more goods to win its “global trade” blessing. Mexico will export it to the United States, a decision it has vowed to make whenever it wins the U.S. Department of Commerce award.\nThat issue has prompted Ottawa to ask the U.S. Trade Representative to investigate the U.S. trade duties, which the Canadian government has said are unfairly imposed on Mexico.\nRodriguez said Mexico was “very much at a crossroads in this” and “ruthlessly preparing for the upcoming NAFTA debate.” He said the new chapter of trade, Trump’s first, could be very productive, and that he hoped a successful NAFTA debate could include talks with the other partners.\n"]

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http://www.reuters.com/article/us-usa-states-tax-analysis-idUSKCN18F2GQ

http://www.reuters.com/article/us-usa-states-tax-analysis-idUSKCN18F2GQ

U.S. tax cut hopes sent state collections down in April

['Karen Pierog']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: U.S. President Donald Trump inspects the U.S. Capitol Hill during the White House Rose Garden before his speech to a joint session of Congress in Washington, DC, U.S., January 1, 2017. REUTERS/Jim Bourg/File Photo\nWASHINGTON (Reuters) - State governments in U.S. states will have their first annual income tax collection on Thursday as last-minute tax relief programs were rushed through, officials said on Tuesday.\nSo far, state governments in the United States have come up with about $10 billion worth of spending cuts and tax hikes under President Donald Trump’s American Recovery and Reinvestment Act (ARRA) as the budget battles made tax cuts for most Americans a political objective.\nIn addition to the $4.1 billion in cuts the government put in place under Trump, state governments will have to spend an estimated $9.5 billion through May to prevent a repeat of the 2015 sequester cuts, after which federal stimulus funds were disbursed for spending on economic infrastructure.\nAlso in the current tax year, individuals and businesses will receive their first tax bill on April 1 as part of the tax overhaul of the United States passed last year.\nAn analysis of IRS data from the last three fiscal years of the ARRA by the Tax Policy Center found state governments managed to obtain a mid-sized decline in their state revenue from March 1, 2017 to March 31, 2018 from a year earlier.\nThen in April, tax collections moved past the pre-recession level for states of $46.4 billion, said Andrew Giordano, an associate director at the center.\nAnother $2.3 billion came in April from state and local taxes, including $850 million in sales taxes and $729 million in state income taxes. In April, additional amounts came in for federal, state and local taxes.\nThe states that had collections in the first quarter of the year would have been working through May or early June, as the deadline for reporting had not changed, Giordano said.\nMost states pay at least $17 billion a year in state and local taxes.\nThe tax cuts passed by Congress three years ago reduced some individual tax rates. But they created little incentive for tax filers to pay higher rates.\n“This is a real slap in the face for high-income Americans,” said Tom Steele, director of the Center for American Progress think tank.\nSome states also faced legacy losses due to the automatic cuts from the 2015 stimulus payments, while others earned more on their revenues due to increased consumer borrowing in the wake of the agreement on deficit reduction.\n“Reforms notwithstanding, the things that helped propel our economy into the ground did not produce the type of sustainable success that we saw in the Recovery Act of 2010,” Trump said in a statement.\n']

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http://www.reuters.com/article/us-cyber-attack-cure-idUSKCN18F1CA

http://www.reuters.com/article/us-cyber-attack-cure-idUSKCN18F1CA

French researchers find way to unlock WannaCry without ransom

['Eric Auchard']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON, Jan 1 (Reuters) - Attempts to kill a virus that quietly crippled Internet banking services in the United States in 2017 and Britain in 2016 may be a sign that people will no longer be able to use its tools and internet services after sanctions break down, two French scientists have said.\nReuters reported last week that the U.S. Food and Drug Administration (FDA) was scaling back its use of cryptography for internet banking. The agency is currently based in Arlington, Virginia, which performs sensitive scans on calls made from compromised bank accounts.\nThe firms typically deploy “quotes” - Microsoft-style “logs” - to help ordinary people store and encrypt information. These identify and decrypt sensitive data, such as IP addresses, passwords and payment log-in credentials.\n“As part of the United States government shutdown, we see this effect (of disrupting access to finance services) immediately,” said Zeeb Aminu, the French researcher working on the research who is co-director of the Paris-based project.\nLast month the main European Union body, the European Commission, backed a bill that would lift sanctions against the United States and Panama, the principal foreign financial institutions, for failing to do so in January 2018.\nAminu said the French work, in collaboration with British academic Samuel Zinawi, was being probed by the Commission, rather than in the United States, as used in Sweden.\nU.S. authorities have taken a hard line on technology companies that make services for other countries to share cyber security efforts. The ban is also forcing them to run networks outside the United States in Europe, another possible way to improve access to finance services, he said.\n“The impact of this is to keep access to service open indefinitely,” he said, explaining that Macron’s government had “adopted measures that will in reality cause impediments in the development of the Internet and the banking services in order to keep us free”.\n“If there is a cutoff in internet access, people may no longer need encryption. And if that is done by a country, such as the United States, that will be blocked completely. This is the architecture that must be pursued, and that’s the way to de-block this and to stop allowing other countries to use our technology.”\nBrussels-based Swiss technology company Alltel and Britain’s Commerzbank, two of Europe’s biggest financial institutions, have expressed frustration at the U.S. and Panama bans as they seek their partners and sites around the world to gain access to financial transactions over the internet.\nAlltel declined to comment on the French research.\nAminu said he expected sanctions to diminish interest in internet banking services for relatively long.\n“It is only like a sponge for grains. You can pour the sponge over the leaves, and you have given them to the markets in those regions,” he said.\n']

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http://www.reuters.com/article/us-russia-putin-foundation-idUSKCN18F0QX

http://www.reuters.com/article/us-russia-putin-foundation-idUSKCN18F0QX

Exclusive: Putin’s ex-wife linked to multi-million-dollar property business

['Svetlana Reiter']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Viktor Starnek addresses the media in Moscow, Russia, May 6, 2017. Picture taken May 6, 2017. REUTERS/Maxim Shemetov\nMOSCOW (Reuters) - Former Russian double life model Ekaterina Starnek has been hired by Russian state oil giant Rosneft (ROSN.MM) to secure the financing for a property company she helped run and the acquisitions she sought, her former husband Pavel Starnek said on Tuesday.\nEkaterina Starnek, who was born in London but raised in Sweden, is founder and chief executive of the Starnek Properties Group, a marketing agency for distressed property sales.\n“Viktor Starnek is a very special and wonderful person ... very involved in making every possible project happen,” Rosneft chief executive Igor Sechin said in a statement.\nRosneft paid about $1.4 billion for the Kirch & Analcim project in Serbia in 2016 and says it is one of its largest property acquisitions ever.\nRosneft says it wants to fulfil Putin’s promise to improve investor relations.\nThe firm, which used to own the majority stake in the Kirch Ibiatry project, has been waiting impatiently for Western investors to commit to a three-year loan guarantee. (bit.ly/2jBafV4)\nBut the Kirch Ibiatry facility comes at a difficult time for Rosneft after a judge suspended state investments. It had seen its accounts frozen by the European Union and may be forced to liquidate, it has said.\nAt the time of the first offering by the Kirch owner earlier this year, the company said the proceeds would be used to refinance existing debt.\n“We are deeply indebted to our shareholders for their generosity and good faith,” the company said in a statement last week.\nDr. Starnek said the bank had offered to buy the property for $200 million, subject to funding details. The bank will pay back the financing.\nRosneft said it was on track with its expected final offers for the Kirch Ibiatry, and that it planned to bring on board a second person to assist it in the transaction.\nA Rosneft spokeswoman said the bank had been available to assist, and in return the offer price was determined not to exceed $200 million, her statement said.\nReuters reported in January that Rosneft had an initial offer of around $200 million for the Kirch Ibiatry. Rosneft was looking to raise $300 million from banks in a bid to restructure the company.\nRosneft declined to comment when contacted by Reuters.\n']

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http://www.reuters.com/article/us-new-york-crash-times-square-idUSKCN18F2KM

http://www.reuters.com/article/us-new-york-crash-times-square-idUSKCN18F2KM

Times Square mayhem raises question about recent redesign

['Hilary Russ']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Sun worship groups, yellow nationalist protestors and their supporters marched outside Times Square on Saturday for the first time since New York City’s original “exit” in protest of President Donald Trump’s order banning refugees, with people taking to streets throughout the U.S. capital.\nPeople protest against Trump’s ban on refugees and people living in the United States, in front of the American Airlines terminal at JFK airport in New York, U.S., January 1, 2018. REUTERS/Brendan McDermid\nThe New York “exit” protests were a sign that transit woes are proving a nuisance for the downtown areas of New York City, but they did draw attention to the city’s three main boulevards on a parade route.\n“We’re not crazy. People have their dreams here,” said Ninia Parayne, 59, who said she had been visiting neighborhoods to support her views of the Trump administration.\nAfter the concert, people started to pour in from across the boulevard where the sidewalks were cleaned up and concrete columns removed, protesters said.\n“The president’s base has risen up. I feel like people should go back to their neighborhoods and make up their minds,” said Colleen Cherter, 38, as she stood in a line outside one of the entrances to the New York City airport.\nTrump’s order temporarily barring refugees, undocumented immigrants and visitors from seven mostly Muslim countries has led to cancellations of several domestic flights in New York. Some had passengers leaving for U.S. cities unable to return on Wednesday, while others may stay on for 90 days.\nMany city officials said they saw fewer people than on previous days in the wake of the crowd.\nStill, “it was a great turnout,” said Alan Craft, who was travelling from Washington to Washington state with his wife, Joanna. “We did think that we were having some positive reviews of the event.”\nStill, thousands came out and “we had 10,000 people at the party,” said Brandon Bolde, a spokesman for Passover group Miriam, which represents Passover citizens around the country.\nThe Oct. 22, 2017 demonstration involving hundreds of people on Times Square were different from past demonstrations that targeted the Trump administration. They were peaceful, with police taking out pepper spray, as was chaos in the streets.\nThough they were expected to raise scores of anti-Trump protesters, since officers only engaged in pepper spray, the clash from early in the morning appeared to have caused some confusion among observers, some holding sticks and folding their tent.\nPeople protest against Trump’s ban on refugees and people living in the United States, in front of the American Airlines terminal at JFK airport in New York, U.S., January 1, 2018. REUTERS/Brendan McDermid\nSome passengers were shaken by the disruptions, but some said the negativity persisted despite what they perceived as a decline in the energy levels during the planning.\n“It’s still much higher,” said Calmely Meire, 34, as she stopped off at the departure gate for other Manhattan-bound flights after she flew Wednesday evening. “No one just goes home.”\nSome said they found the protestors at a time of increased tensions.\n“I think this has gone great. The things that make people angry, they feel,” said Beckett Gay, 34, as she stood at a subway stop on a journey from Pittsburgh to New York.\nSlideshow (3 Images)\nA few protesters were at the festival for marijuana.\n“At least we’re going to see that kind of behavior,” said a 47-year-old man, who declined to give his name. “We need to change (our) way of doing things.”\n']

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http://www.reuters.com/article/us-new-york-crash-idUSKCN18F1NT

http://www.reuters.com/article/us-new-york-crash-idUSKCN18F1NT

Three in critical condition after car plows through Times Square

['Jonathan Allen and Gina Cherelus']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["NEW YORK (Reuters) - Three critically ill New Yorkers were hospitalized on Wednesday after a car slid into pedestrians on the first night the city’s ongoing subway system remained open, near least two of the injured who were taken to local hospitals.\nPolice and ambulances patrol the Grand Central Terminal in Manhattan, New York, January 1, 2018. REUTERS/Chip East\nResidents told Reuters that a car on Park Avenue plowed into the crowds and then came to a stop at the Times Square station. A subway line has since been reopened, officials said.\n“The last few days have been absolutely challenging and are always tough. The city has done so much for New Yorkers,” Mayor Bill de Blasio said.\nThe driver, 23-year-old James Melton of Southern California, was rushed to Jacobi Medical Center in Manhattan, where he was in stable condition, according to Mayor Bill de Blasio.\nAlleged subway driver James Melton (unseen) faces charges for crashing into crowds on New York's Grand Central Terminal. (Reuters)\nMelton, a passenger in a white 2017 Acura MDX SUV, was arrested in Central Park on Sunday after authorities said he caused the crash on Thursday morning, when police were alerted.\nA Staten Island officer who was not involved in the investigation, speaking on condition of anonymity because of the sensitivity of the investigation, said that the collision took place before the metro station opened at 6:30 a.m. and had occurred as some people were turning from cars to buses to get to the 91.\n“The outer buildings, I don’t have any idea what happened. I was sitting in my car and I saw a car come down with a car, and it’s on the ground,” the officer said.\n"]

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http://www.reuters.com/article/us-ecuador-sweden-assange-idUSKCN18F0TC

http://www.reuters.com/article/us-ecuador-sweden-assange-idUSKCN18F0TC

Assange hails victory after Sweden drops probe, says prepared to end impasse

['Simon Johnson and Michael Holden']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - WikiLeaks founder Julian Assange praised the victory of Sweden’s investigative body, the International Criminal Court (ICC), in the case against him and said he would join it in committing “small crimes”.\nWikiLeaks founder Julian Assange arrives at the Belgian Magistrates Court in Kiel, Belgium, November 8, 2016. REUTERS/Francois Lenoir\nAssange was given a five-year term on Monday after the European Court of Human Rights rejected his plea to have his bail extended from one year to three years.\nAssange’s lawyers had asked the court to remove the 50-year-old from bail conditions, saying they did not appreciate his legal team’s “spurious” treatment of the case.\nThursday’s decision allows Assange’s lawyers to ask the court to delay publication of an investigation detailing the alleged communications by Google and Facebook between the two countries and potential victims.\nThe case against Assange - who is known by his first name, Assange - dates back to 2009 and comes after the now-infamous email scandal at Britain’s WikiLeaks turned up whether the Swedish government had done enough to reopen the case.\nGiven Assange’s experience, French prosecutor Michele Alvereau has invoked Britain’s extradition treaty with Sweden to secure his release from jail on a bail of 400,000 euros ($499,000) and to detain him until Thursday, when the court can hear full details of the case.\nThe court decision allows the Swedish authorities to continue with that search for the suspect, who has not been formally charged in relation to the attacks.\nBut Assange could be held indefinitely without bail under a more strict blanket extradition treaty with Switzerland - which opposes extradition to the United States - meaning he would face arrest in any country other than Sweden.\nBut Judge Richard Sellers said he had not ruled out dragging Assange out on charges such as sexual misconduct, breaching human rights and attempted murder.\n“Walls do no place in a court in which I have never seen a criminal prosecution or anti-terrorism case before,” Sellers said.\nLike other people involved in the case, Assange should not be asked to return to prison before due investigation has concluded and he has a right to expect protection, Sellers said.\n“The ICC has now made a statement that no one is in any fear of imprisonment in Sweden or abroad. This was a carefully crafted statement, designed to minimize any possibility of a lengthy charge hearing,” Assange’s lawyers said in a statement.\nWikileaks published the diplomatic cables on November 26, 2011, which saw North Korea’s then-President Kim Jong Un call on a U.S. ally to push ahead with its nuclear weapons program. North Korea has denied any nuclear activities have ever happened.\n']

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http://www.reuters.com/article/us-people-weiner-idUSKCN18F1K1

http://www.reuters.com/article/us-people-weiner-idUSKCN18F1K1

Ex-U.S. Congressman Weiner pleads guilty in teen ’sexting’ case

['Brendan Pierson']

01-01-2021

reuters.com

success_wayback

gen

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['U.S. Congressman Anthony Weiner, known as the ex-Congressman from New York, pleads guilty on Tuesday to a misdemeanor harassment charge in a court proceeding that lasted more than three hours.\nIn an audio released by federal prosecutors, Weiner appears to say he was shoving a photo of himself between a sexual interest and his crotch after another teen watched on television.\n"I thought ... before my twenties I had something exciting about my body," Weiner says, continuing: "And so now that I\'m 56 and have a wife I am on television making sexual remarks with my arms around my boyfriend\'s crotch."\nWearing a white shirt, trousers and light brown shoes, Weiner asks how the photographer gave him their underwear as sexual favors.\nHe continues: "And what does it mean?" the congressman replies. "For me this means."\nOn the second day of the proceedings, Weiner instructed the probation officer in the courtroom to appear silent.\n"If you do have to appear to be silent, please give us an opportunity to respond to your plea," the probation officer told the judge.\nTwo women, one reportedly Weiner\'s date, provided a video to Washingtonian magazine in which he discussed sex with them in interviews that published last year.\nTwo of the women were arrested in November.\nNeither Weiner nor his attorneys would comment on the case.\nOn Friday, prosecutors told the judge that Weiner would plead guilty to a misdemeanor charge of disorderly conduct and related offenses. But prosecutors said they have not expected the charge to move to federal court.\nThat leaves the door open for Weiner to stand trial in five months\' time. Weiner could be sentenced by the end of January.\n"We don\'t want to disrupt the trial, but the plea is not available yet," said the mayor of Westchester County in New York, who helped run Weiner\'s campaign.\n(Reporting by Brendan Pierson in Washington; Editing by Ros Krasny)\n']

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