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http://www.reuters.com/article/us-usa-stocks-idUSKCN18F18X

http://www.reuters.com/article/us-usa-stocks-idUSKCN18F18X

Wall St. ends off session highs after fresh Russia probe reports

['Sinead Carew']

01-01-2021

reuters.com

success_wayback

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[0.949999988079071]

['NEW YORK (Reuters) - Wall Street ended higher on Thursday morning after fresh evidence of the Trump administration’s support for Russia’s alleged meddling in last year’s U.S. presidential election surfaced late last week, giving investors relief it will settle the probe.\nFILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 1, 2018. REUTERS/Brendan McDermid/File Photo\nTraders looked to news of a continuing FBI probe into potential ties between Russia and the Trump campaign to boost their portfolio holdings.\n“During the election, our stated view on Russian meddling has been reversed,” Jeremy Stein, director of FX trading at UBS Securities in New York, said in a report.\nJust as the market ended the session on a flat note, a downward trajectory with the S&P 500 <.SPX> was sparked by fresh evidence of the FBI probe into the Trump campaign’s alleged meddling, Xinhua reported.\nIn the earlier session, news emerged that the Trump administration had actively sought to exclude ties between Russia and Trump campaign officials related to the U.S. election.\nThe House Intelligence Committee said it received new information about Russian meddling in the 2016 election, based on leaked records and indictments that were unsealed on Wednesday by Special Counsel Robert Mueller.\n“Throughout the political process, the Trump administration has said that there would be no coordination with Russia on the 2016 election’s outcome,” said Alec Lockhart, global head of macro trading at M&G Investment Management in New York.\nThe United States and other NATO members have been warned that Russian interference in the 2016 election may be material to the broader issue of the South China Sea, Lockhart said.\nThe Dow Jones Industrial Average <.DJI> gained 64.29 points, or 0.53 percent, to 24,885.23, the S&P 500 <.SPX> gained 4.51 points, or 0.54 percent, to 2,506.67 and the Nasdaq Composite <.IXIC> added 15.91 points, or 0.13 percent, to 7,814.84.\nThe S&P 500’s biggest percentage decliner on the day was Beazer Homes USA Inc <BZH.N>, which fell as much as 2.5 percent after reporting profit and sales that fell short of market expectations.\nA number of stocks fell sharply on an increasing bearish market, with several indexes ending lower after a sharp decline in the previous session.\nAmong tech stocks, Apple Inc (AAPL.O) dropped 1.8 percent to $103.31 while Facebook Inc (FB.O) fell 1.1 percent to $325.70.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.66-to-1 ratio; on Nasdaq, a 1.91-to-1 ratio favored advancers.\n']

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http://www.reuters.com/article/us-fiat-chrysler-emissions-idUSKCN18F2GS

http://www.reuters.com/article/us-fiat-chrysler-emissions-idUSKCN18F2GS

Fiat Chrysler to modify 104,000 U.S. diesel vehicles: company

['David Shepardson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Fiat Chrysler Automobiles NV will modify more than 104,000 of its existing 2014 and 2015 Jeep/Cadillac vehicles in the United States, it said on Wednesday, as it attempts to regain growing market share in a tough auto market.\nFILE PHOTO: A Fiat Chrysler Automobiles logo is seen at the company's joint headquarters in Oak Park, Illinois, U.S., June 9, 2018. REUTERS/Mike Segar/File Photo\nFiat Chrysler said it would modify 104,000 vehicles a year over the next six years, as part of a system dubbed iTARrenisla that would replace those already sold.\nAn analysis was conducted for the company’s previously released 2014 data, it said. The analysis, used by Fiat Chrysler for its U.S. and Mexico operations, identified 304 Jeep Cherokees as having the latest designs, while 184 remain untested and should be replaced, it said.\nThe Audit Bureau of Circulations, run by the Bureau of Labor Statistics, will continue to monitor the issue.\nThat was prompted by the AAR predicting that Chrysler and Fiat Chrysler “could meet certain performance standards” in 2018, but was unable to provide their data due to limitations in it, Fiat Chrysler said.\nThe company said it would work with AAR to streamline the process for developing driving and navigation information, direct the driver’s actions, and drive with less than minimum temperature, wind and grease, and apply to cars older than 1.5 years.\nAarons will also modify Fiat Chrysler’s Juniper brand, based on the Dodge Umatilla, SRT Viper and the Wagon Wheel models that are now sold in the United States. It will also cut all models sold in the Americas made of Opel Panse tires for the 2014 model year.\nAuto-parts supplier Omega Automotive said it would change its production of Jeep-derived fabrics in certain manufacturing plants, including in the U.S. But it will continue to sell those fabrics, while automating “to deal with as little of the demand” as possible.\nThese factories are to be transferred to Fiat Chrysler’s Carmel, Indiana, plant in 2021, the company said. The Carmel plant is expected to produce sales of 2018 Jeep and Ram models, which are now available in the United States.\nFiat Chrysler said it is also working with the U.S. government to write a new economic development agency to create investment opportunities to spur the automotive industry.\n"]

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http://www.reuters.com/article/us-usa-stocks-weekahead-idUSKCN18F2FA

http://www.reuters.com/article/us-usa-stocks-weekahead-idUSKCN18F2FA

Softer dollar may be stock silver lining amid Washington drama

['Lewis Krauskopf']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK, Jan 1 (Reuters) - Strong dollar on Monday boosted precious metals prices, as investors bet the U.S. central bank is prepared to push hard and ensure that the dollar’s slide has helped fuel an expansion in global equities.\nWhile the dollar slid to its lowest level against the euro this year, the metal gained steadily against a basket of major currencies as traders took cues from uncertainty over how Europe’s failed presidential election would play out.\nIn a case of news that is likely to surprise Washington, South Korean President Moon Jae-in said he would accept a late-term deal on a territorial dispute between Japan and the U.S. If that fails, the United States would take over Tokyo. Seoul was also prepared to use nuclear weapons in retaliation.\nAnalysts said that worries about China’s positioning on its currency has motivated investors to shift their faith in the dollar. The offshore renminbi rose 0.8 percent on Monday.\nSuch a move would lift long-standing demand for the dollar against the yen, while the currency’s longest bull run in three years might fizzle out if Europe votes to return to lower rates after years of heavy borrowing.\n“Yen strength is bullish for the dollar and it could benefit the emerging market currency,” said a trader at a U.S. financial institution.\nIn commodities, the dollar index fell 0.4 percent to 79.78 as Trump’s trade acrimony spilled over into financial markets. The benchmark 10-year U.S. Treasury yield edged up 0.05 point to 2.58 percent.\nU.S. gains in the currency, which fell to an 11-year low in early trade on Thursday, could benefit emerging market assets. The dollar’s rise in the currency market heightened fears of a Brexit-style backlash.\nGold prices rose 0.8 percent in volatile trade on Monday, as price pressures in the energy sector lifted U.S. crude prices. Prices rose to $98.96 a barrel after falling by around 1 percent in early trade.\nIn the commodity complex, silver rose 0.4 percent to $17.44 a gram. Silver has risen by almost 9 percent since Oct. 30, its highest since March 2015, as the world’s biggest market for precious metals rapidly consolidates with the rout in global equities.\nThe precious metal’s positive week behind it gained about 1 percent. Silver and other precious metals have risen amid optimism about U.S. economic growth and a strong jobs data.\nSally Bromberg, an analyst at Citi, said investors are more concerned about the euro’s weakness and falling real estate prices than geopolitical concerns, especially one headed by Donald Trump’s election victory.\n“People have seen events in the last month that they think may have some positive psychological elements for the euro,” Bromberg said. “We have reason to believe that if we decide to move on this from the euro side, this is going to be a short-term swing, a win-win situation for us.”\n']

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http://www.reuters.com/article/us-cyber-attacks-industry-idUSKCN18F1ZE

http://www.reuters.com/article/us-cyber-attacks-industry-idUSKCN18F1ZE

WannaCry attack is good business for cyber security firms

['Joseph Menn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - WannaCry, a type of malware that struck major financial institutions early on last year that briefly stole valuable email addresses and infects computers, is good business for big U.S. cyber security firms, a cybersecurity company said on Wednesday.\nHard core, cheap and highly structured ransomware attacks, which use demand-driven denial-of-service attacks to slash users’ bank accounts and email domains in a futile effort to steal information, cost businesses at least $45 million last year, according to The Telegraph.\nPart of the effort, how bad the attack was, is still going on, said Patrick Campbell, managing director at Classic Law, which advises firms on stopping their investigations.\n“The threat of WannaCry is strong enough that even in the United States only a handful of companies have committed attacks,” Campbell said.\nThe perps were operating out of the same financial institutions as Windows and Linux, usually criminals target them for profit. Now they use patterns to forge connections between other malware that attackers can download and apply to others to damage their own businesses, he said.\n“It’s hard to quantify, but I think the pre-virus maturation stage provides good opportunities for a number of firms to partner with Northamptonshire-based brands to host ransomware and disseminate them to the public,” Campbell said.\nThe botched disruption of Britain’s cryptocurrency exchange, Ether, in October 2017, and the global retaliation over encrypted messaging service Telegram, prompted more than one-third of Britain’s 2,000+ bitcoin users to switch to other “darknet” activity.\nThe Canary Island, California-based firm known as Kraken, on Wednesday sued the class-action lawsuit and U.S. authorities, alleging cyber thieves broke into its data center and stole emails, financial documents and to facilitate theft of “1 billion” U.S. dollars ($503 million) from bank accounts in use by Fortescue Metals Group (TFMG.AX), Commonwealth Bank of Australia (CBA.AX), Noble Financial Holdings Ltd (NGL.AX) and UBS (UBSG.S) using a previously unsecured stash of cash from a victim.\nThe case is pending, and TCM is seeking damages at the district court level in London.\nWannaCry was only made public four months after Britain’s warily-named and under-funded National Broadband Network (NBN) was launched in 2013. It brought new threats, including attacks of origin by MasterCard, Citigroup, Microsoft Corp (MSFT.O) and Sony Corp (6758.T).\n']

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http://www.reuters.com/article/us-areva-m-a-edf-eu-idUSKCN18F23I

http://www.reuters.com/article/us-areva-m-a-edf-eu-idUSKCN18F23I

Exclusive: EDF set to win EU approval for Areva nuclear reactor deal - source

['Foo Yun Chee']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FRANKFURT (Reuters) - EDF Energy is set to win the approval of France’s largest utility utility to form a joint venture with European nuclear company Areva to build a new European nuclear power plant, the sources told Reuters.\nA general view shows the Areva nuclear reactors under construction in the coal-fired plants of Kumasi, Philippines, on January 11, 2016. REUTERS/Erik De Castro\nThe agreement would give EDF Energy a controlling stake in Areva, which will be expected to move into bidding for the reactor-building and developing of new reactors and equip its nuclear plants. The combined entity will invest more than 10 billion euros ($11.04 billion).\nThe Areva first task is to secure a necessary equipment and financing to power the plant, a series of activities by EDF to expand its manufacturing capacity beyond its own heartland Germany. It will be one of many steps taken by EDF in the development of the planned European nuclear fuel source, the sources said.\nThis year is the big testing phase, and employees are already on site this month with a goal of completing the building of the reactor later this year. The site will also be a trading hub for the German unit of Areva and the development of its raw material processing business.\nAreva’s Ruhr plant, which is far ahead of schedule and in the early stages of commissioning, will become the world’s biggest uranium producer. Already major shareholders in Areva are France’s state-run RWE and Germany’s ABVF. It will become the second-largest uranium producer in Europe after Statoil in 2021.\nThere are already plenty of sites that EDF could build for Areva, including EDF’s reactor project in Milton, Germany, where it is still deciding on investment options. But that project is just behind Areva’s plans to build 200 nuclear reactors in total around Europe.\nEDF is interested in a total lifeline to Areva on a working basis, because it will need investment in a nuclear power plant to support that output, the sources said. However, because EDF’s exposure to Areva has diminished, and as the majority share in Areva is smaller than most companies, an option was not available to win business to power Areva’s existing plants.\nThe deal would put EDF Energy’s arsenal of nuclear projects on a bigger footing than that of Areva. If it came up with new nuclear reactors to replace the nuclear fuel used in Europe’s generation plants, existing Areva suppliers could support the project or in some case, support Areva, the sources said.\n']

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http://www.reuters.com/article/us-cbs-corp-shareholders-idUSKCN18F2B7

http://www.reuters.com/article/us-cbs-corp-shareholders-idUSKCN18F2B7

CBS’ CEO Moonves says Viacom undervalued

['Jessica Toonkel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - CBS Corp chairman and CEO Leslie Moonves said in an interview he believes the value of Viacom Inc is undervalued by about 20 percent on Monday and forecasts a three-year cost reduction plan to bring the film and TV studio to a sustainable size.\nMedia company CEO and Chairman of the Board Chairman of the Allentown, Pennsylvania-based CBS Corp, Leslie Moonves speaks during an interview with Reuters at his home in New York, New York, U.S., January 1, 2018. REUTERS/Lucas Jackson\nLast year, Moonves estimated that the company would reduce its 2016 loss by $1.6 billion from 2016 to 2016.\nOn Monday, CBS Corp set a fiscal 2019 net loss target of between $3.8 billion and $3.9 billion, based on more than 15 percent annual operating loss and other costs.\n“We will deliver $3.8 billion of operating profit by the end of 2021,” Moonves said.\nCBS has cut hundreds of its key positions at Viacom including chief exec of CBS Corp, vice chairman and chief digital officer John Foy and co-president of CBS Entertainment and new ventures Adam Goodes.\nOverall, Moonves sees “approximately $1.5 billion” operating loss for the studio over the next three years as it needs to restructure its business and cut its workforce.\nThe plan includes reducing the company’s focus on television and creating a more “flexible, vertical approach to delivery” as it pursues an ambitious new TV network, Moonves said.\nThe current strategy of keeping Viacom separate from the broader media and entertainment industry, Moonves said, will not give CBS additional growth and will further improve its financial stability.\nMoonves said CBS “now has a much better (financial) performance” than Viacom, which sold nearly $8 billion worth of new TV shows last year.\nMoonves said a key shareholder group was behind his initial rate review and a possible path to a breakup of CBS, where he wants to move the company away from CBS to the cable network.\nLate on Monday, Moonves appeared on investor-friendly Morning Joe with chairman Joe Sacco. Sacco said the value of CBS has grown from $83 per share to $123 per share, which the company is already at or above.\n']

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http://www.reuters.com/article/us-usa-trump-gulf-arrival-idUSKCN18G06K

http://www.reuters.com/article/us-usa-trump-gulf-arrival-idUSKCN18G06K

Under siege in Washington, Trump reaps Saudi arms deal, stronger ties

['Jeff Mason and Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump on Friday reaped the full benefits of a sudden revulsion at a Saudi arms deal that drew Obama administration approbation.\nTrump looked beyond his accomplishments as president to pay tribute to “corporate America,” the president expressing “every excuse” for the annual Saudi bombing that killed 129 people and kidnapped more than 1,000 Saudi tourists.\nIn a place on Earth where admiration is often unshakable, the Saudis’ purchase of a precision-guided car bomb that Riyadh said was meant to kill President Barack Obama in Yemen, angering the world, drew the biggest criticism yet in Washington.\nTrump quickly responded to the White House’s scathing criticism by saying Saudi Arabia should “cut ties” with Trump if the relationship with Riyadh “gets any bigger or any bigger.”\nThe billionaire businessman - as U.S. senators do - embraced the decision, highlighting their long-held belief that U.S. diplomatic and business interests must rest with the crown prince, who in turn must see Saudi military activity in Yemen reversed if Riyadh presses ahead with its decades-long war with Yemen.\n“The crown prince is keen to protect the region from all other causes of instability, and America stands ready to play a significant role in protecting both the region and the United States from a destabilizing war in the region,” Trump said in his speech in Houston.\nBut some Republican senators criticized the move, suggesting it unfairly compromised the United States’ position on Yemen, and vowed to bring home U.S. soldiers they deem not American enough to prevent future violence in the Saudi region.\nMSNBC host Chris Wallace said Trump “doesn’t care” about the Saudis.\nA former member of Obama’s Council of Foreign Relations and Congressional liaison to the Saudis, Wallace said Trump’s mission was “well in excess of acceptable” if Riyadh backs off such an action.\n“To re-unite the [Lithuanian] government with Saudi Arabia after the Saudi-U.S. agreement is a first step, and I think we should be deeply concerned about the ramifications. I think we ought to stay away from it,” Wallace said.\nTrump then threatened other long-standing ties between the United States and Saudi Arabia and promised that “getting a fair shake” would not be an easy task.\nThe deal, Trump said, would create a parallel Saudi-U.S. military relationship, cutting a “tough” edge against the United States’ longtime ally in the Middle East, in addition to helping U.S. investment.\nThe Riyadh-U.S. deal, which also has ties to U.S. defense contractors, was renewed for an extra seven years in March.\nAn American private industry group also expressed dismay, with the private industry, which declined to comment for this story, citing uncertainty about the future of the agreement.\n(This story has been refiled to correct paragraph 8 of paragraph 13 to Saudi Arabia and U.S. location)\n']

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http://www.reuters.com/article/us-usa-trump-saudi-crisis-idUSKCN18G0ER

http://www.reuters.com/article/us-usa-trump-saudi-crisis-idUSKCN18G0ER

Traveling abroad, Trump struggles to escape crisis

['Jeff Mason and Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump arrives at a library in Redwood City, California January 2, 2015. REUTERS/Mike Blake\nWASHINGTON (Reuters) - President Donald Trump, who has fought off calls from China for a renegotiation of the North American Free Trade Agreement, has struggled to escape an economic crisis that threatens the Trump administration’s domestic agenda and prospects for the American jobs he seeks to lure.\nBut over the weekend he was put on a diplomatic mission to Europe to try to dampen opposition to trade deals signed by China and other key U.S. allies like France and the United States. The accord was the first U.S. trade deal with China since NAFTA was overhauled in 1994.\nTrump, who has no plans to renegotiate the North American Free Trade Agreement, took his first international travel advisory trip since taking office.\nHis departure comes after a Trump administration administration administration, led by National Security Adviser H.R. McMaster, complained about the selection of the “Global North” for a United Nations Security Council seat. Some Chinese, Western and American officials are calling it a disruptive contest of power.\n“It is a significant day for President Trump,” said Michael Steel, senior fellow at the Washington Institute for Near East Policy.\n“He has focused almost entirely on the United States. There is this notion that they are somehow to blame for the problems in the world and that perhaps he’s not experienced enough to deal with the growth issues in our countries.”\nSince taking office, Trump’s first year in office has been mired in an economic crisis that has taken the U.S. central bank, Federal Reserve and other major powers to indicate interest rates at record lows.\nA U.S. Treasury official said on Tuesday that U.S. interest rates will remain near zero to near zero for as long as a decade, providing the central bank “remains neutral in the marketplace.”\nThe Fed told its board that the U.S. central bank will continue to raise interest rates in the near term and given the sluggish global economic growth, a more hawkish posture in markets is not expected for a full year.\nThe government shutdown and approval of the Keystone XL pipeline undercutting Trump’s plans to pull back on U.S. imports will produce strong results if free trade is allowed to enter the United States, the department of commerce said on Monday.\nU.S. securities bigwigs drew up a plan to lay off 5,000 U.S. jobs by February in an effort to lower unemployment.\nGIVING EU SUPPORT\nTrump sought to play the economic card by insisting the Trump administration would have great success in renegotiating NAFTA if it offered a dramatic overhaul of the North American free trade pact. The accord requires U.S. companies to give preferential treatment to their foreign customers.\n“TPP has more value for the economy than NAFTA,” Trump said in a New York Times interview. “Because it would truly be a race between free trade and NAFTA, Canada, Mexico, you could be building in a cleaner economy without any tariffs. I think that would be the difference between prosperity and a happy environment.”\nU.S. Trade Representative Robert Lighthizer was less positive. “If he wants to negotiate a free trade agreement that creates a market for American goods, it certainly would not be this agreement,” Lighthizer said.\nA Labor Department official said the president was hopeful about a NAFTA deal.\n“We’ve read more and more trade stories over the last week and a half,” the official said. “There are a lot of stories from China that we’re watching very closely.”\nMARKET PRICES TRENDS\nThe Trump administration has been caught unaware by currency markets and the collapse of Treasury yields in 2018.\nIn January, a record drop in U.S. home prices in the first 11 months of the year led to a substantial drop in all home prices, according to the Commerce Department. The government said on Friday that home prices dropped 13.9 percent in December, the second largest drop in seven months.\nThe Federal Reserve’s Tariff Assessment forecast the U.S. economy will grow at an annual pace of between 2 percent and 2.5 percent in the third quarter of this year and 4.5 percent in 2018. But for the month, the U.S. central bank forecast inflation will average around 2.75 percent, meaning it may well weaken to 1.70 percent by the end of the year.\nTrump’s financial and trade policies have been labeled as countercyclical by some traders and foreign investors. Stock markets have fallen to a near six-month low as investors shifted money into trading Asia and']

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http://www.reuters.com/article/us-saudi-usa-trump-deals-idUSKCN18G05P

http://www.reuters.com/article/us-saudi-usa-trump-deals-idUSKCN18G05P

U.S., Saudi firms sign tens of billions of dollars of deals as Trump visits

['Reem Shamseddine and Katie Paul']

01-01-2021

reuters.com

success_wayback

gen

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['U.S. President Donald Trump (L) arrives at the White House in Washington, DC, to hear a speech from President Donald Trump, accompanied by Commerce Secretary Wilbur Ross, at the "Pathways to Prosperity" Forum in Washington, DC, U.S., January 1, 2017. REUTERS/Yuri Gripas\nWASHINGTON (Reuters) - The United States and Saudi Arabia’s trade and investment were as large and deep as ever on Monday, but there was still plenty of confusion about the agreements sealed during President Donald Trump’s recent visit to the Saudi capital Riyadh.\nTrump ordered his first trade deal with the kingdom in December, and Saudi Arabia and other Gulf countries signed deals in which they brought billions of dollars worth of investment to the United States via large volumes of trade deals.\nAt Trump’s Wednesday visit to his Middle East stop in Riyadh, he had an opportunity to tout the “outstanding” bilateral relations and highlight the U.S. investment record, but that largely overshadowed many of the latest deals that clinched their pledges and made large sums of foreign investment important.\nWhile the two countries said there was a “huge commitment” from the Obama administration to invest billions in infrastructure and other infrastructure, Trump said the upcoming European Union deal with Japan still requires more work, making it a topic of fresh conversation between the presidents and prime ministers.\n“I hope it won’t be just about Airbus or Boeing or Ford, the big programs,” Trump said. “But there’s a big commitment to investment and infrastructure.”\nA woman sits in front of a poster that shows plans for infrastructure projects that are currently under construction, during a business ceremony marking a major foreign investment project for China\'s Tianjin Satellite Port at the site of the Tianjin Lunar New Year holidays, in Tianjin, China, China, December 30, 2017. REUTERS/Carlos Barria\nHe made clear there was still a positive political climate in Washington, calling it “optimistic” despite reservations expressed by key members of Congress.\nWashington had previously warned before the kingdom delivered significant economic investment deals in 2019 that they would likely attract an increasing number of foreign direct investment by big American companies.\n“This dynamic has been in place for many years, and we are pleased to have it in place. But we were also afraid that what happened earlier would be repeated,” Trump said.\n“But the game is game on. There is absolutely nothing to fear.”\nIt is also worth noting that it was the first visit by a sitting U.S. president to Saudi Arabia since the kingdom lost a major arms deal in 2016.\nDespite the deep-rooted rivalry between Saudi Arabia and the United States and the administration of U.S. President Donald Trump, other agreements added to other U.S. trade successes could quickly become targets for opposition.\n(This version of the story was refiled to fix the spelling of word in first paragraph)\n']

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http://www.reuters.com/article/us-softbank-visionfund-launch-idUSKCN18G0NP

http://www.reuters.com/article/us-softbank-visionfund-launch-idUSKCN18G0NP

Softbank-Saudi tech fund becomes world’s biggest with $93 billion of capital

['Andrew Torchia']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["ANKARA/OTTAWA/SAN FRANCISCO (Reuters) - The venture capital arm of Japanese technology firm Softbank Corp (9984.T) has raised a record $93 billion to be among the world’s biggest private sector investment houses, raising its combined capital to $100 billion.\nSoftbank raised the funds via a Series B round of new investments that will bring its total invested to $1.2 trillion. Softbank's mobile and internet venture capital arm Tsunekei Asia led the deal, joining existing Softbank investors including Ford Motor Co (F.N), Deutsche Telekom's Tusk Ventures and Sumitomo Mitsui Banking Corp's Iohitan Beji Venture Capital.\nIn the tech sector, which remains shielded from the global financial crisis, Softbank has seen its top- and bottom-tier investment firms scale back as interest in investments by international startups has diminished.\nAt the center of the $9.8 billion round of capital that Softbank raised is Softbank's financing arm co-founded by former executives of Google Inc (GOOGL.O), eBay Inc (EBAY.O) and Microsoft Corp (MSFT.O).\nG1PC Holdings, an Internet-focused venture capital firm run by John Weisselberg, is one of the local government partners that Softbank is investing in developing its infrastructure. It said on Monday that this investment would be the first and will last for six years.\nDubbed Softbank LP, the new investment fund will support a series of projects in energy, telecoms, social and technology sectors to meet a renewed demand for technology jobs.\nThe work includes developing a Smartphone-driven service for Tesco Plc (TSCO.L), the world’s biggest retailer, to use data points from its customers’ phones and expect it to succeed by 2020.\nIt also plans to upgrade its storage platform to use software products from Hewlett Packard Enterprise Co (HPE.N), KDDI Co Ltd (9406.T) and Sysco Corp (SYY.N).\nThe investment is the latest round of tech funding from Softbank, which struggled to raise money despite initial investor interest during the financial crisis. A series of exits in 2015 also raised eyebrows.\nBut Softbank in recent months has emerged as a domestic player as rival Japanese mobile phone company Softbank (9984.T) sought to develop global growth.\nIn the last six months, it has invested a huge sum in dozens of companies, including messaging app WhatsApp, offering business customers free WhatsApp updates, and launching its own messaging service called Poke.\nIt has also invested in dozens of local retail companies, and recently lured KDDI to buy its health advice store business in Belize.\nThe investment model was adopted in more mature markets such as the United States and China - Softbank’s signature investment destination - as it invested in most of its main peer’s biggest deals.\n“Softbank is really starting to put it all together in these new markets because they’re really dedicated to the region in which they play,” said Tara Maricki, global CEO of publicist firm corporate account leader PaineWebber in Hong Kong.\nChief Executive Masayoshi Son, whose 12-year-old company is also among Asia’s largest venture capital firms, said the opportunities in the “corporate world” were too big to miss to invest in the deals themselves.\n“It’s a very different world in terms of investment, whereas in the past when you’d have billions and billions of dollars invested you’d often get very few results.”\nBanks and building societies are attempting to better manage their investment portfolios, limiting the amount of capital needed to make exits.\n“The big players have a very rigid attitude toward doing deals without panicking a lot of the stakeholders,” Maricki said.\n"]

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http://www.reuters.com/article/us-massachusetts-twitter-idUSKCN18G0XD

http://www.reuters.com/article/us-massachusetts-twitter-idUSKCN18G0XD

Massachusetts college apologizes for racist tweets on hacked Twitter account

['Gina Cherelus']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Massachusetts’ college regulator said on Monday that it has apologized for sending a separate Twitter account to a racist member of Congress and had violated state cybersecurity laws by sending a message to the forum’s activists and audience members.\nThe Cambridge, Massachusetts College of Liberal Arts says that it sent an urgent message to the service’s users through one of Twitter’s pre-roll automated messages on the social network when it said it was failing to detect “an anti-Republican attack on the American people by a member of the U.S. Congress,” according to a Twitter announcement.\nThe digital message referenced a nasty tweet by activist Jesse “Duckie” Moore about the congressman from Massachusetts, U.S. Representative Robert Brady. Moore, a former Republican vice presidential candidate and congressman from Newton, tweeted, “Fuck you Eric DeBartolo.”\nThe college said in a Twitter message, which was on its website, that its action was a breach of its national cybersecurity requirements. It said in the statement that it had notified law enforcement and removed Moore’s account, which might have been a factor in the exchange of insults.\nIt added that it had made “the decisions and timely action necessary to protect our institutions.”\nThe college, which is based in Framingham, Massachusetts, said it has been working with law enforcement and was trying to help victims of cyber attacks and tell the Internet community it would strengthen its collaboration with law enforcement.\n“We understand and agree with these sentiments, and we apologize for sending out a statement that was of national importance,” the college said in the statement.\n“Our regret that any incident on Twitter in the last 20-30 years occurred reflects the quality of our service and our commitment to help reduce the breadth of unintended harm experienced in the world today.”\nThe social media site announced on Friday that it would shut down a “false link” for the website, landing page and Twitter account of a leading anarchist group called Ruby Tuesday.\nAfter news reports surfaced of the tweet, the social media company said it reviewed other replies sent to those posts, but “the nature of the conflict of interest was not revealed.”\nThe blog FireBible.org, which obtained the tweets, said in a tweet on Monday that it had put the Massachusetts College of Liberal Arts’ Twitter account back online “to calm tensions over the issue.”\nThe college did not address the issue of Representative Brady’s messages in its statement, which it said was produced by a university digital outreach group.\nReuters was unable to contact anyone at Cambridge Democratic Party and the state's representative in Congress for comment.\nA spokeswoman for Brady did not immediately return a request for comment.\nU.S. Representative Barney Frank of Massachusetts, who is a member of the 21st century version of the U.S. Congress, condemned the Twitter alert and said lawmakers should do their duty.\n“Both U.S. Representatives represent the people who protect America and their democratic freedoms. We should only have people who share our passionate attachment to free enterprise and our truth, and those with dissenting opinions,” Frank said in a statement.\nRepublican leaders in the U.S. House of Representatives and the U.S. Senate signaled they were in position to veto a proposed bill against student spending cuts earlier this month that would impose a $5 per student price increase on university students.\nDemocrats have been pushing legislation that would impose a 20 percent fee on upper-income college students with pre-tax incomes over $250,000 to help fund lower-income students.\n"]

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http://www.reuters.com/article/us-brazil-corruption-idUSKCN18G0UC?il=0

http://www.reuters.com/article/us-brazil-corruption-idUSKCN18G0UC?il=0

Brazil’s leader lambastes bribe accusations made by meat titans

['Lisandra Paraguassu']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SAO PAULO (Reuters) - Brazil’s president, delivering a prepared speech on Thursday, condemned graft allegations made by former U.S. President Barack Obama and Hollywood executives implicated in the case, whose expulsion has dented bilateral relations between Brazil and the United States.\nPresident of Brazil's presidency, President Dilma Rousseff, speaks during a news conference in Brasilia, Brazil January 1, 2019. REUTERS/Ueslei Marcelino\nDemonstrators protesting Brazilian President Dilma Rousseff over the outcome of a parliamentary impeachment vote in parliament on Monday waved Brazilian flags and chanted “no justice, no peace” during an anti-rigging protest in Brasilia.\nRousseff, who won re-election in October, was the most senior official to be removed from office by the Senate for alleged corruption by millions of dollars in state government contracts awarded during her administration. She denies any wrongdoing.\nIn a speech delivered to an open forum at the the São Paulo Renaissance Renaissance Foundation, Rousseff denounced the scandal and insisted the government delivered on its mission.\n“I am committed to action against corruption and to prove to the world that we are truly leaders, a team of leaders committed to tackle poverty and social inequality,” she said.\n“We are the only one who will leave the corruption to rot and to reap consequences, not to step on the sweat of men and women in the closet who practice their own politics,” she said.\nA spokesman for the Brazilian Foreign Ministry did not immediately respond to a request for comment.\nBrazil’s central bank recently forecast that annual inflation will be about 2.2 percent this year, up from a revised 1.8 percent in December. That compares with an average forecast of 1.4 percent from analysts.\nJuan Mercado, president of consultancy IMSI, said the perception of corruption in Brazil is “off-the-helicopter diplomacy” and was among the reasons the Supreme Court removed Rousseff from office on Tuesday.\nBrazil is a staunch ally of the United States but relations have been dented recently by the impeachment of European authorities and accusations by U.S. lawmakers that the Brazilian government steered contracts in Ukraine to the United States.\nLast month, Treasurer Marco Jorge Lorenzo dismissed suspicions of collusion among some of the country’s leaders before the Senate to obtain illegal kickbacks for the sale of state agencies.\nBrazil’s U.S. ally said the Netherlands on Wednesday did not need to step in because it cooperated “on what the Brazilian government did.”\nThe expulsion of Rousseff comes just weeks after Rousseff’s approval rating hit a record low.\nEthan Greenfield, a research professor at the University of Manchester, said most Brazilians saw the “approval of her actions as a self-determined step.”\n“The sense that she acted to destroy herself in order to gain revenge against a Republican president is quite problematic,” Greenfield said.\nThe leftist president reneged on a signature goal of her 2010 agreement with Obama, maintaining political neutrality through the end of its tenure. She also favored tougher sanctions on Moscow.\n"]

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http://www.reuters.com/article/us-venezuela-politics-idUSKCN18G0WW?il=0

http://www.reuters.com/article/us-venezuela-politics-idUSKCN18G0WW?il=0

Venezuela anti-government unrest marks 50th day with huge marches

['Deisy Buitrago and Anggy Polanco']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CARACAS (Reuters) - Venezuela’s political leaders on Saturday acknowledged the crisis in the nation, sending thousands of soldiers on foot across the country to baton charge provinces and declare a state of emergency.\nLeaders of the leftist opposition decried accusations of dictatorship and the expansion of state control of power by a former leadership weakened by Chavez’s death in December.\nNationalist President Nicolas Maduro, elected last year with 63 percent of the vote, unveiled a list of 57 candidates he has ordered on Friday to seek re-election in March. President Pedro Pablo Kuczynski and Prime Minister Benjamin Cardenas have said Maduro should be ousted if elected.\nMaduro has returned to pre-election preparations for mid-January elections that he says will be held with his approval after months of, and often renewed, protests in which demonstrators have taken to the streets.\n“This time there was a blackout of energy: demonstrations, marches, demos, supporters of a good deal of things we love so much,” Maduro said on Facebook.\nState-controlled electricity network exporter Caracas Bovina shut down for the day as clashes between opposition protesters and state security forces intensified.\nStops also were in major cities in the capital, Caracas, Casa de la Negra and Guarico, the opposition-controlled governor’s office said.\nAt least nine people were killed as demonstrators occupied hotel rooms in the city of San Cristobal after a mass arrest on Saturday, said Caracas TV station Antemarios.\nDovish State Governor Rafael Ramirez called the arrest of the opposition to “deplorable.”\nAt his televised news conference on Saturday, former Supreme Court president Ricardo Lara called Maduro “unlikeable,” while other leaders expressed support for Chavez.\n“Here we finally have the opportunity to elect a president of the revolution. Venezuelans have the option to choose between something else ... and something different from Maduro,” Lara said, echoing a call to unity.\nIn Santiago, two opposition towns were also seized by citizens on Saturday after the ruling Socialists did not emerge from thin air.\nIn Tachira state, on the outskirts of Caracas, police used tear gas on the streets of four cities on Saturday evening as the government yanked back streets of a city of about 15,000 people soon after declaring a state of emergency.\nSpokesman Muhammed Medina said 55 police were reported injured.\nIn the oil-rich city of Caracas, cities such as Plaza Ascot and Transitspo found on Saturday the extent of their repression had yet to be seen.\nIn a country where oil is the principal source of income, government officials in several cities said they had blocked internet access for those attempting to check the status of their residences in the capital or attempt to enter their homes.\nLast week, Hugo Chavez warned Venezuelans that they could face execution if they were not allowed into their homes.\n']

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http://www.reuters.com/article/us-iran-election-usa-idUSKCN18G0PX?il=0

http://www.reuters.com/article/us-iran-election-usa-idUSKCN18G0PX?il=0

U.S. calls on Iran to halt support for ’destabilizing forces’

['Yeganeh Torbati and Jonathan Landay']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The United States urged Iran on Thursday to halt support for the Islamic State group, calling the move a further escalation of a rising opposition to the Islamist militant group.\nU.S. Secretary of State Rex Tillerson pauses during a news conference in the White House in Washington, U.S., October 23, 2018. REUTERS/Carlos Barria\nU.S. State Department spokeswoman Heather Nauert told reporters after a meeting with Iranian Foreign Minister Mohammad Javad Zarif that the Islamic State presence was a cause for concern.\n“Iran-backed terrorist groups need to be directed to places where they don’t want the military operations, so that U.S. policymakers can get to know what these groups are fighting for and can understand their power to undermine the Western alliance,” Nauert said.\nThe Iranian leaders have repeatedly called for U.S. leadership to address the increasingly violent opposition to their rule. They also claim that U.S. support for the Islamic State group has been instrumental in the emergence of a new Islamist-led government in Syria.\n“The fight against terrorism and extremist forces in the Middle East, specifically ISIS, is a priority for the United States and United Nations,” Nauert said.\nU.S. Ambassador to the United Nations Nikki Haley said in her speech to a conference on the Syrian conflict that the Islamic State activity was “utterly abhorrent” and insisted U.S. military support had had an impact on the instability in Syria.\nAt least 20 of Islamic State’s fighters were killed in fighting with Syrian Kurdish forces in Mosul and the city of Raqqa, she said. The group has been armed and trained in Iraq, and bases its forces are near the Syrian border, Nauert said.\nThe Islamic State group “is still the best real opposition to terrorism in the region and has more fighting positions than the U.S. military,” she said.\nShe said Iran supported the Islamic State group and believed it would “ignite the social and political turmoil” in the region if it denied it its rights.\nMaj. Gen. Curtis LeMay, a former U.S. Central Command commander in Afghanistan, said the Islamic State leader, Abu Bakr al-Baghdadi, turned down U.S. offers of talks and turned instead to former Iraqi leader Saddam Hussein.\n']

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http://www.reuters.com/article/us-iran-election-analysis-idUSKCN18G0CK?il=0

http://www.reuters.com/article/us-iran-election-analysis-idUSKCN18G0CK?il=0

After Rouhani re-election, expect hardliners to ’settle scores’

['Parisa Hafezi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BADEN, Jordan (Reuters) - When Amir "Saeed" Sadeq says he has no questions about Iran, Sunni clerics say he should press ahead with backing a reformist slate of candidates for next year’s parliamentary elections.\nFILE PHOTO: Amir Sadeq, who says that he received his medical bills and nearly every social welfare allowance, speaks during an interview at an Islamic clinic in Badener, June 22, 2016. REUTERS/Mohamed Hamed Aziz/File Photo\nSadeq, a young Sunni Muslim cleric who detests the clerical establishment and runs a moneyed business, said he had decided to wait for the election results to emerge before making any decision about choosing a slate of candidates.\n“I’m also extremely happy at the fact that the relevant parties are speaking with different voices that they have never had time to discuss,” Sadeq told Reuters at a banking compound in Adan, some 3 km (1.5 miles) north of the Jordanian border.\nThe electoral outcomes may change on January 8, when the Supreme Court will hear a appeal by the prosecutor’s office against a verdict that has made Sadeq ineligible to run for office. A judicial panel has said that the election result “defies credibility”.\n“Anybody who views this as fact is wrong. I wouldn’t go in there and waste my time telling them I have no questions,” Sadeq said, standing outside a mosque near the seat of the Supreme Court.\n“What’s going on on here is just certain,” he said, looking back to a bottle of water thrown to him for him to drink earlier in the day.\nLast week, prosecutors said that Sadeq’s family embezzled almost half a million dollars from taxpayers, with the remainder hidden in a bank account established in his name while he worked.\nSadeq said all four presidential candidates ran promising to make foreign investments in a country that relies heavily on imports. But he said that even if there is only one candidate who would win the votes of the four, he would not pursue them with unproven businessmen.\nBAND LEASE\nAfter the corruption conviction, Sadeq admitted he used money from the provincial and local markets to pay salaries and catered meals to those who attended private club meetings. He was freed a month later and told he was innocent.\nBut that had little impact on his decision to publicly back the reformist candidates. He stood against Hassan Rohani, seeking to become a senior lawmaker who campaigned against the establishment, and dismissed his rivals as “deniers”.\nRohani had given the appearance of any moderate Sunni. But after the election, Sadeq said his refusal to address a certain core issue had discouraged his opposition to reformists.\nHe said he now studied abroad to receive medical bills in Jordan, and had four decades of experience, and no other political party could have had the same experience.\nSaudi Arabia has sent religious advisers to Iran since 2015, in a bid to ensure its influence there stays strong after decades of its radical Islamist regime.\nThat Shi’ite monarchy, which largely controls Iran’s vast oil wealth, has tried to play down sectarian tensions.\nThe son of a founder of the Islamic Republic who came to power after 9/11, Sadeq is careful not to rise above the political fray. He is active in the Syrian opposition, opposing the bombing of Lebanon and supporting Saudi Arabia’s four Shi’ite rebels fighting in Yemen.\n“Our stance is one of political survival,” Sadeq said. “Some people say that we must strive for the impossible, but we know that not much is impossible.”\nAsked if he would campaign for reformist candidates, he answered: “To be truthful, maybe.”\n']

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http://www.reuters.com/article/us-tunisia-protests-idUSKCN18G0EP?il=0

http://www.reuters.com/article/us-tunisia-protests-idUSKCN18G0EP?il=0

Tunisia protesters close oil pumping station after army standoff

['Tarek Amara']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['TUNIS (Reuters) - A Tuareg-based Islamist rebel faction said on Friday it had closed the pumping station at a major oil exporter’s main refiner after troops raided a nearby outlet, just days after an offensive in which Islamist militants launched a “caliphate”.\nThe shutdown by Tareq al-Araji, the frontline faction of the Revolution in the Old City, shows the extent of its influence and power.\nThe pro-Tunisia Muslim Brotherhood’s Nour al-Fahd said on its Facebook page that it was shutting the pumps due to clashes with security forces in the city.\n“The entire government loses its new investment,” Nour al-Fahd posted on its official account. “This is the fruit of many months of failed war and victory. Our victory was not ours alone. The army seized the tanker headquarters of the Noor oil export terminal in the Old City but killed Nour al-Fahd resistance group fighters today.\n“We will remain steadfast until elections.”\nTunisia is struggling to stem a hot-hot current and corruption among its elites, despite an initial success of state-backed stability in the uprising that began in 2011 against Islamist rule and which has become a flashpoint in Egypt and Tunisia.\nAuthorities shut the pumps on Wednesday and prosecutors last week accused a pro-Tunisia rebel group of inciting clashes in the city.\nIn another incident last week, a pro-Tunisia Islamist group targeted a bakery and threw a bomb at a police patrol, killing at least three people, when it withdrew from the centre of the city, headed by people trying to flee the crisis.\nFILE PHOTO: Protesters stand in front of the headquarters of al-Majid al-Anan, Islamic fighters fighting to break the “caliphate” under cover of darkness in the street of Al-Qundaes in Tareq Al-Araji, Tunisia, January 1, 2016. REUTERS/Stringer/File Photo\nNour al-Fahd, which has battled an array of Islamist groups in Tareq Al-Araji since its formation in 2011, said it was taking part in opposition protests to raise awareness of the distribution of weapons in the city.\nTunisia is trying to combat Islamist militant groups that have carried out targeted attacks in the past but have so far failed to prevent the Islamist militants seizing swathes of neighboring Tunisia.\nMost of the reported attacks have been prompted by attempts by groups like the Islamic State militant group to attack Israel.\nPresident Abdelaziz Bouteflika’s foreign minister, who was elected on Wednesday, met with the exiled president during talks in Paris this week, according to Libyan state news agency NANA.\nPro-Tunisia demonstrators stand next to a tank truck waiting to attack the Noor oil exporter in the town of Sinteil May. REUTERS/Lamine Chikwara/File Photo\nFormer Prime Minister Hamdeen Sabahi on Thursday called on security forces to arrest and disperse those responsible for a recent attack on a gas plant which killed 40 people.\nAn anti-Islamist group in parliament posted a video on Twitter on Thursday purportedly showing gunmen commandeering members of an Islamist militant group.\nThe militants attacked a gas station on Tuesday, killing one man, according to witnesses. The gunmen later led them to the Noor oil depot on the outskirts of the city.\nTunisia, which often pays huge sums of money to support Islamic State, is struggling to contain violent Islamist militants who have had bases and equipment in Syria and Iraq, driving the number of militants to 300 in a country that has become a haven for several dozen jihadists in recent years.\n']

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http://www.reuters.com/article/us-taiwan-china-idUSKCN18G0X2?il=0

http://www.reuters.com/article/us-taiwan-china-idUSKCN18G0X2?il=0

Shut out of U.N. forum, Taiwan slams China’s ’coercion and threats’

['Tom Miles']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['GENEVA (Reuters) - Taiwan and the Philippines held “delinquent” meetings “indefinitely” and officially expelled their ministers from the U.N. Committee on the Elimination of Racial Discrimination, Secretary-General Antonio Guterres said on Tuesday.\nChina’s Foreign Ministry said in a statement that it approved Taiwan’s decision to engage in “confrontation” over the UNSC resolution on the elimination of full Korean penal code and respected cultural heritage laws.\nChina claims Taiwan as its territory and calls its claim on its western North the Sinhala name for self-determination. But Taipei and Beijing have condemned sanctions on groups deemed to be nationalists, and they say them being applied “to Chinese nationals” is an insult to freedom of speech.\nThe decision by the three-member foreign ministerial panel was met with intense opposition from Taipei. Critics say the Permanent Forum on Inter-Parliamentary Relations has not invited China for several meetings since 2016 and calling it a breach of the UN convention on non-interference in state affairs.\nIn March 2018, Foreign Minister Chiang Kai-shek abruptly quit the UN’s governing body, the International Republican Institute (IRI), after three-and-a-half years in office and travel to China. During his brief stay, he said U.N. delegations were important to China’s development agenda.\nGuterres said the three ministers’ recent actions showed that they had threatened only in regard to these matters.\n“The Chen Thuy Bintiang security inspection team, which was due to go to Georgia and Russia in December, did not visit China within 20 hours,” Guterres told a news conference.\n“That Secretary-General was aware of these threats was really not unusual,” he said.\nSeparately, the United States and Japan warned on Tuesday against overreacting to a threat from China to destroy special economic zones.\nTaiwan’s Guterres said China had violated a U.N. Charter that accorded Taiwan special self-defense services in the open seas.\nTaiwan is confident China’s actions demonstrate it is to be subjected to global pressure for its defense of the north, but Seoul and Washington have objected that Taiwan, located in the so-called South China Sea, should get special protections.\nElimination of the Comprehensive Convention on the Elimination of Racial Discrimination was adopted unanimously by the European Union, the United States and other countries in 1973 in response to racism with regard to ethnic Chinese in the 1950s and 1960s.\n']

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http://www.reuters.com/article/us-brazil-corruption-politics-analysis-idUSKCN18G0WA?il=0

http://www.reuters.com/article/us-brazil-corruption-politics-analysis-idUSKCN18G0WA?il=0

President’s attempt to dig in risks leaving Brazil with lame duck

['Alonso Soto and Anthony Boadle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BOGOTA/SAO PAULO (Reuters) - President Dilma Rousseff has come to a difficult decision as an impeachment trial against her top business job takes its course. Even if she runs for reelection in 2021, she would likely face the impeachment proceeding in Brazil, and whichever way one goes in, it could cost the economy millions of dollars in earnings.\nThe target date is Nov. 14, the day Rousseff is expected to be summoned to Congress for a vote of confidence.\nIf she is called for a vote and faces a vote of confidence, the measures would be seen as a vote to cleanse a president who had presided over six years of devastating economic understaffing, a loss of access to scarce private sector funds and calls for massive spending cuts to stave off social catastrophe.\n“The president of Brazil has made up her mind,” said Elisa Fernandes, director of tax and social affairs at the largest union on the left in Brazil, the right-leaning Workers’ Party. “The president should not be excluded for her election or any other causes.”\nFor some, such is her effort to appease the opposition. As far as they are concerned, Rousseff is leaving the president down and away from politics for almost six months as she tries to unseat her in a largely ceremonial role.\nRousseff campaigned and ran as an economic reformer, first because she is passionate about conservative causes and then because she wanted to spearhead the fight against corruption. She has also exploited her position to discredit opposition figures who are pushing for reforms including cuts to pensions and social benefits for the poor.\nHer adversaries estimate her opponents had lost the popularity contest for the first time in the president’s 62-year career because of her inability to get the general public to trust her for the job. But experts say at the highest point she had key election advantages, such as over people seeking a legal remedy for discrimination, driven by a generous retirement benefits system.\nAgainst this backdrop, the fiscal task ahead for Rousseff is daunting. Despite a broad package of political reforms that entailed spurring job creation and attracting investment, the overall income has taken a dive since Brazil’s recession began last year, pushing public debt to more than twice the international average.\nSince taking office in 2010, Rousseff has worked tirelessly to transform the economy in her first year as president, pushing through the unpopular Lula reforms to boost productivity and reduce poverty. To that end, the Brazilian government has promised an additional 32 billion reais ($16.5 billion) in investment this year in health care, education and communications and investment in social projects, starting in 2021.\nIn real terms, the budget has grown by about 20 percent per year over the first six years, Rousseff’s office said last month.\nRousseff’s biggest fight in her impeachment trial is over the treatment of a fellow leftist former Senate leader who is on trial over accusations of accepting bribes to win business deals for himself and top company executives. The trial will end on Jan. 27, and on Feb. 2, Rousseff is expected to resign for good.\nRousseff has for months continued to play down the role of the “fundamental problem” facing Brazil as she seeks to escape political liability during the next three months of the impeachment trial.\nShe has defended her only real struggle against corruption and politically damaging accusations against her as a conservative woman.\nIf things are going to get a lot worse for Rousseff, she should win re-election and avoid falling back into office immediately.\n']

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http://www.reuters.com/article/us-usa-trump-isolated-analysis-idUSKCN18G013

http://www.reuters.com/article/us-usa-trump-isolated-analysis-idUSKCN18G013

At a White House in crisis, Trump looks increasingly isolated

['James Oliphant']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Taking a new tack, U.S. President Donald Trump on Monday vowed to fix the immigration system, the way he spent his first six months in office, and making concerted efforts to strengthen and expand the middle class.\nU.S. President Donald Trump listens to the U.S. Secretary of Housing and Urban Development Tommy Vietor during their bilateral meeting at the White House in Washington, U.S., December 29, 2017. REUTERS/Kevin Lamarque\nThe 43-year-old Trump is now a man without his crystal ball, with his policies unkept, unpredictable and relentlessly populist approach at odds with broad global sentiment.\nTrump has said that his presidency will not leave anyone behind, and there is no sign that his commitment to securing the North American Free Trade Agreement, which he said was at risk, has been lost on him.\nIn his weekly radio address to his audience, Trump said the situation had calmed down so that he would be able to focus more on issues from which he can easily see allies and opponents.\nOn trade, Trump appears to have some things in common with his vice-president, Mike Pence, a lite speaker of science, technology, engineering and math. Both men have a tremendous amount of experience in the world’s supply chain, and Pence has appeared to be the Kremlin’s man in show business.\nTrump said in his address that he will focus on the issues of economic opportunity and job creation. He said he would press for tax reform and targeted sanctions against Russia for its alleged meddling in the 2016 U.S. election.\nHe made clear that the United States would maintain its open membership in the World Trade Organization and would impose tariffs on imported goods. He added that he would seek foreign trade rules “as to what Americans are willing to pay for it.”\nUnlike his predecessor Barack Obama, Trump has not talked openly about his plans to shrink U.S. trade deficits and stimulate the economy. For now, it appears a long restructuring process has begun.\n“While I am currently working with Congress to find specific commitments on certain aspects of the transition, I will be looking at ways to upgrade the defense budget and I will be thinking a lot about how we can improve our efficiency,” Trump said.\nTrump has also signaled that he will declare war on OPEC, and unlike his predecessor, he has not issued a formal threat.\nAsked about coal miners, he said, “There are a lot of coal miners.” He added that he would soon announce new sanctions against companies it believed were attempting to impinge on the industry.\nBefore deciding on regulations on coal, Trump has said that he would establish an independent Department of Commerce which would focus on reducing carbon dioxide emissions from coal plants and be harder on nations that require more money to pollute.\n“We know that coal plants can’t fight the climate change that they are supposed to by, using the money that we are giving them to fight.”\n']

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http://www.reuters.com/article/us-money-youth-boomerang-kids-idUSKCN18E2JC

http://www.reuters.com/article/us-money-youth-boomerang-kids-idUSKCN18E2JC

Your Money: Advice on boomerang kids from money pros who know

['Beth Pinsker']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - The word boomerang comes from the award-winning book “Bad Backwards Mantra” by Philip Pullman, a young author who wrote for “The Social Network” and says millennials are becoming susceptible to our lack of good advice, from advice that’s going to hurt them in a changing world.\nFILE PHOTO: People watch in the snow at sunrise on the Hong Kong beach January 4, 2016. REUTERS/Bobby Yip/File Photo\nThe book, an antidote to the cloudiness of today, argues that the different ages of our mover’s don’t necessarily have to be their real self. Now they do.\n“In today’s world, we’re living in a system where all of us are automatically becoming money tickers,” Pullman told Reuters Insider television on the eve of a panel discussion at the annual Merrill Lynch Growth Forecasts Conference on Wednesday.\n“Our sense of self is rising by birth,” he said. “If you see one thing in the age of boomers, they tend to be empathetic, amiable - even if they can’t help themselves.”\nHis book was published last year by Hubertus International and features a boomer tagger that echoes the Bond-verse image of risk-takers and risks-takers such as pension funds, companies and speculative banks.\nCollectively, the 64-year-old said the focus of his book, though, was on income.\nIf Bond villains such as Peter Rabbit or Eliot Spitzer had matured through the financial crisis, there could not have been much wrong with that, he said.\n“It’s possible for them to read a bestseller: The Social Network, or The Wolf Man, or The White Rabbit,” he said.\nThe boomer storyline is based on Pullman’s growing interest in retirement investments, which Forbes magazine said the 80 percent of people under 40 did “in single digits” last year.\nFinancial experts and policymakers from both countries have urged those born in the 1930s to be alert when vulnerable — prompting new online survey data showing 79 percent of Americans are “well aware” of their personal money.\nPullman also told audience members he is more interested in using the statistic than simply unemployment to identify the gap between older and younger workers on where to put money.\nInstead, he focused on the health of pension plans, financial security and advice.\n“When you are older and you feel awful, ask yourself whether the right thing to do is to withdraw your money from an old retirement plan, whether it’s to build a nest egg on a road trip or invest in stocks or anything else with zero cost in place,” he said.\n“You better hope that that person feels you are really good at keeping up with their money. If they feel you are, you can have a conversation with them about financial help.”\n']

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http://www.reuters.com/article/us-hyundai-motor-recall-usa-idUSKCN18G094

http://www.reuters.com/article/us-hyundai-motor-recall-usa-idUSKCN18G094

U.S. regulators open probe into recall of nearly 1.7 million Hyundai, Kia models

['David Shepardson and Hyunjoo Jin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SEOUL (Reuters) - The United States Food and Drug Administration on Tuesday opened a probe into whether faulty car batteries connected to the Hyundai Motor Co MKZ limousine and Kia Motors Corp KMT.TO car were overcharged by more than 1.7 million vehicles.\nFILE PHOTO: Hyundai Motor Co Ltd Chairman and CEO Kim Myung-choo attends the company's annual shareholder meeting in Seoul, South Korea, June 25, 2017. REUTERS/Kim Hong-Ji/File Photo\nThe investigation into the matter will allow a possible fix for those batteries and potentially cost consumers up to $500,000, said U.S. Acting Assistant Attorney General Tamara Wicken.\nHyundai and Kia will immediately appeal the probe’s findings, her office said in a statement.\nThe probe into the September 2017 fire at a Hyundais Nissan Motor Co Ltd car plant in the southern United States comes as President Donald Trump weighs a possible policy response to an investigation into how those major automakers handled deaths, fires and injuries linked to deadly pollution in China.\nHyundai and Kia sold about 3.25 million vehicles in the United States, roughly 3 percent of the country’s total car sales. The three automakers have said they plan to produce about 700,000 vehicles in the United States this year as compared to about 960,000 vehicles for Kia and Nissan Motor Co Ltd.\nThe investigation will reveal whether the batteries connected to the 2017 minivan Hyundai Genesis were overcharged. In total, Hyundai, Kia and GM have set aside about $61 million to cover the possible recall of cars from Hyundai, Genesis and other automakers to prevent an overcharge.\nUnder federal law, automakers must initially notify the public as a matter of policy that the recall is “unlikely to affect consumer safety,” the U.S. Consumer Product Safety Commission said in a statement.\nThe notice of the planned recall follows an investigation by the agency’s Inspector General into the automaker, which was trying to determine whether the automaker had kept tracks on the matter and how they could ensure its dealers were following the same procedures.\nThe safety agency said it hoped its investigation would result in a finding of improper disclosure or liability and would determine whether a decision to recall an additional car is warranted.\nKia, which together with Hyundai Korea and Nissan Motor Co are about 15 percent of the auto industry’s sales, generates some $25 billion annually in annual revenue and is the world’s No.3 automaker.\nHyundai and Kia last year announced a recall of about 4,000 MKZ sedans, the most expensive of their vehicles, over overheating problems in which air bags built into the cars played a role. The recall was initially timed to coincide with auto show starts, but Kia said in January it was aware of the potential legal risk and had pushed back the timing.\nSeparately, a California court has ordered the owner of the 2019 Nissan Motor Co Ltd Nissan Suburban to compensate all affected consumers after inspecting a defective air bag inflator, according to media reports.\nUnder California law, an owner of the defective air bag inflator must address the issue to a manufacturer that provided it to the automaker before the air bag inflator could be activated. The Japanese automaker must also provide documents in writing so that the air bag inflator can be recalled before season’s end.\nLast month, a court in Nevada ordered Nissan Motor Co Ltd to pay more than $1 million in compensation for voluntary recalls of air bags that overheat in cars.\nSeparately, another California judge ordered a court-appointed monitor to monitor the volume of calls made to the Federal Motor Carrier Safety Administration to investigate allegations that Nissan Infiniti’s new Escape minivan exceeds the maximum limit for how many hours the exhaust system can be used, a violation of federal law.\nIn a recent development, the U.S. House Energy and Commerce Subcommittee on Commerce, Trade and Economic Policy approved legislation requiring automakers to post safety information on their website.\nOn Tuesday, new safety regulations unveiled by the Obama administration further ramped up efforts to pressure automakers to disclose their latest safety and performance data.\nU.S. Senator Max Baucus, a Democrat who pushed for tougher standards for air bags, and his panel’s ranking Democrat, Ed Markey, said in a statement on Tuesday that automakers have put industry on notice that repairs to old Takata air bag inflators may cost thousands of dollars.\n"]

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http://www.reuters.com/article/us-britain-royals-wedding-idUSKCN18G0GO

http://www.reuters.com/article/us-britain-royals-wedding-idUSKCN18G0GO

Royal sister-in-law Pippa takes spotlight in star-studded British wedding

["Elisabeth O'Leary"]

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["LONDON (Reuters) - Pippa Middleton took to the screen as the aristocratic older sister of Catherine, Duchess of Cambridge, on Sunday in the royal wedding of the British royal family’s young and old.\nSister-in-law Pippa Middleton (R) and Prince Harry's wife Khloe take to the stage during the royal wedding of the British royal family's young and old at the London Palladium in London, Britain, December 29, 2018. Mark Nolan/Pool via REUTERS\nQueen Elizabeth II and her daughters Kate and Pippa arrived in the small London seaside venue in a white dress for the ceremony at Westminster Abbey, the gardens of Westminster Abbey.\nAfter the three paceshen of receptions when the British royals typically attend their weddings, the young royals now head to Belgrade in Serbia to attend the funeral of Pope Francis.\nThey will attend the only Royal wedding to fall on April 19, 19th century. Kate and Pippa’s then-partner Samantha Cameron, who is from the so-called Brits, at the wedding has confirmed she is not joining them.\nShortly after the prince and bride arrived at the 1,200-capacity Palace and the grounds were turned into a Great Hall. The wedding ceremony took place inside the Palace, where draped chairs were being used to be installed.\nThe royal couple embraced at the entrance to the huge hall and people lined up in line to see them.\nThe wedding was followed by a procession down Westminster Abbey to Buckingham Palace where 200 U.S. and British wedding bands were printed.\nA few years before she became royal, Pippa’s father George wed Belgian oil tycoon William Golding in a lavish ceremony in Bordeaux, France.\nThroughout the years, Middleton has made sure to take time out from performing her duties at the wedding to speak to the pregnant British royal and talk about her character and family.\nShe and Prince Harry’s pregnant first-year daughter has a leading role in the show-business and charity industries, including working on the current Formula One racing season, which starts on March 1.\nHarry, who is the younger brother of Kate, has previously spoken of his desire to make a major impact on the Royal family.\n“It is difficult as I do not yet have words to describe how I feel and how I feel about what Prince Harry has started,” he said in an interview published in the British newspaper in 2015.\n“I have always had such a great admiration for him and always have, I think, how easy it is to follow him. I hope he will do something similar in his own life.”\n"]

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http://www.reuters.com/article/us-apec-vietnam-idUSKCN18G04J

http://www.reuters.com/article/us-apec-vietnam-idUSKCN18G04J

Trump’s trade rep brings ’America First’ policy to Asia-Pacific summit

['My Pham and A. Ananthalakshmi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["TOKYO (Reuters) - Trump set out the American strategy for dealing with China’s trade practices at a meeting of economic leaders at the Pacific Club, the world’s first of its kind.\nU.S. President Donald Trump signs a bilateral trade order with South Korea's President Moon Jae-in during their meeting at his Mar-a-Lago estate in Palm Beach, Florida, U.S., December 30, 2018. REUTERS/Terray Sylvester\nPresident Donald Trump warned Japan on Tuesday that U.S. President Shinzo Abe should buy more South Korean aluminum imports as the South Korean economy weakens.\nThe two nations are locked in a territorial row which North Korea has declared a nuclear weapon on both sides of the Korean peninsula and offers little diplomatic or economic gain for Japan, which would give Tokyo a free hand in the dispute.\nTwo weeks ago Trump accused Japan of not paying enough attention to China’s unfair trade practices and vowed to “build another wall” along the U.S.-China border and has urged Japan to sell its currency at 85 yen to offset rising Chinese imports.\nBut the risks of abrogating the deal are quickly diminishing after the U.S. president struck a trade deal with China, at the behest of Japan, during the December round of World Trade Organization meetings.\n“We have to ask ourselves in detail: How do we deal with China in a manner that is fairly and fairly transparent with respect to compliance?” Trump told reporters, warning Japanese businesses that the trade relationship has to be “safe, competitive and equitable.”\nIn a region where trade is a major threat, President Trump raised the prospect of multilateral deals, declaring a victory in trade battle in December.\nJapanese President Moon Jae-in also praised Trump for “making a good friend” but said negotiations needed to resume before final decisions could be drawn.\nNegotiations over autos, steel and other trade relations are set to take place next week. Trump said on Saturday that Japan’s trade deficit with the United States is “great.”\nJAPAN RAGES?\nBut Japanese Trade Minister Toshimitsu Motegi hinted at a possible “go-slow” on talks in the region.\n“If North Korea makes any allegations against Japan or an explanation for North Korea’s behavior, Japan will be prepared for such a decision,” Motegi told reporters.\n“I cannot rule out the possibility that the deal may not go ahead,” he said.\nIn his speech, Trump touted his trade strategy during a summit with South Korean President Moon Jae-in, warning “on-the-ground” officials will face “heavy pressure” to meet the U.S. demand.\nWhen pressed by reporters to explain why he spoke of Chinese steel during a visit to Tokyo, Trump responded: “Well, when we get so caught up in looking at tariffs it’s just a beautiful meeting.”\nThe alliance between China and Japan, the world’s biggest economy, holds out the prospect of building trade links in the region.\nAbe, in his full talk with Moon, received praise for welcoming Trump and Kim.\n“The President’s graciousness and public encouragement in welcoming us back to the founding fathers of this region was humbling,” said Abe, who is seeking a second four-year term in office next April.\nThe strength of the alliance has unsettled Tokyo and the Japanese public, which has mobilized against the Trump administration.\n"]

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http://www.reuters.com/article/us-usa-trump-saudi-idUSKCN18H00U

http://www.reuters.com/article/us-usa-trump-saudi-idUSKCN18H00U

Trump tells Middle East to ’drive out’ Islamist extremists

['Steve Holland and Jeff Mason']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. President Donald Trump talks during a meeting with senior U.S. officials at the White House in Washington, U.S., January 1, 2021. REUTERS/Yuri Gripas\n(Reuters) - U.S. President Donald Trump told the world on Tuesday that extremists fighting in the Middle East have sought to unite nations around their borders and make good on their pledges to fight back, insisting he would not threaten peace and that freedom was a “national security priority.”\nFollowing a meeting with top Middle East officials, U.S. Attorney General Jeff Sessions reiterated the administration’s consistent commitment to promote “positive cooperation between the United States and Israel on combating terrorism, particularly those seeking to carry out attacks against Israelis and others.”\nFollowing high-level negotiations in New York, officials from several nations, including the United States, Saudi Arabia, Iran, the United Arab Emirates, Bahrain, Qatar, Kuwait, Oman, Bahrain and the United Arab Emirates, said they agreed to work with the United States to build a stronger regional “agenda,” the Washington Post reported on Tuesday.\n“We’re going to push the United States as a country to work with our countries, and we’re going to push on for you, the greater Middle East, to be built by a shared generation,” Trump told a congressional meeting with Saudi Arabia’s King Salman.\nSaudi King Salman, in his first New Year message to the world for nearly a year, said Washington was ready to join other Gulf states in isolating extremists, and he reassured him that the United States could work with its partners in a region with “great potential.”\nSaudi Arabia’s King Salman, in his first New Year message to the world for nearly a year, said Washington was ready to join other Gulf states in isolating extremists, and he reassured him that the United States could work with its partners in a region with “great potential.”\n“We are all in this together in a time of tension in our region and challenges, an era of great peril for the United States,” he said.\nWashington’s reluctance to “move beyond” its official anti-terror pledge is reflected in policy decisions made under Trump, including his recognition last year of Saudi Arabia as a state sponsor of terrorism.\nThe United States is working with Congress and the White House to pass laws to counter terrorism before Trump takes office, though there have been no major steps in the way of starting that process.\nThe Trump administration is also turning its attention to Iran’s nuclear program after the Islamic Republic rejected an international accord proposed by the Obama administration aimed at curbing its nuclear ambitions.\n']

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http://www.reuters.com/article/us-israel-palestinians-idUSKBN18H143

http://www.reuters.com/article/us-israel-palestinians-idUSKBN18H143

Israel makes some concessions to Palestinians before Trump visit

['Ori Lewis']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["Israel's Chief Minister Benjamin Netanyahu reacts as Palestinians in Gaza President Mahmoud Abbas (2nd R) looks on before arriving at the southern border town of Rafah, northern Israel January 1, 2018. REUTERS/Ange Leibovitz\nMOSCOW (Reuters) - Israel on Thursday said it had given a major concession to the Palestinians in negotiations to leave the Gaza Strip, sending a clear signal about the continued dominance of the Palestinian leadership in the strip.\nPrime Minister Benjamin Netanyahu made no mention of the Gaza Strip during a visit to the Palestinian capital Ramallah, the Palestinians’ capital, but gave few details of what he said on his return.\nA senior Palestinian official said the right-wing candidate for the Palestine’s presidency, expected to take office in December, had expressed solidarity with the Gazans and offered an appeal to calm the region.\n“He reached out and told us that no one can use violence and that there was no alternative. ... He is acting as a firm negotiator to make sure that this does not happen again,” the Palestinian official, speaking on condition of anonymity, told Reuters.\nPalestinian President Mahmoud Abbas, who met Netanyahu at Ramallah before leaving for Israel, said in a statement: “The Palestinian leader shared his desire to engage positively and overcome this current situation.”\nNetanyahu is expected to meet his Israeli counterpart, Foreign Minister Avigdor Lieberman, before the December 18 deadline for the Palestinians to quit Gaza.\nA senior Israeli official, speaking on condition of anonymity, said that in the past, Netanyahu had continued to provide an opening when peace was inconceivable.\n“We urge (the Palestinian leadership) to not resort to violence and nothing else,” he told Israel’s television channel Channel Two.\n“We urge them not to take more drastic steps and he has stated in three speeches, ‘There is only one option left - we can’t talk without resorting to violence’.”\nGOLFERS NOT IMMORTAL\nThe two countries planned to raise the issue of Israel’s blockade of Gaza through July, some 200 km (125 miles) east of Israel, the official said.\nIsrael forced Gaza’s Islamist rulers, Hamas, to close all of their crossings with Egypt in November, amid accusations of unbridled, sometimes deadly violence, prompting the militants to open their rocket barrages at Israel and to launch long-range missiles.\nThe Israeli army also cited more credible indicators that Hamas militants were using the tunnels and factories to strike Israel with weapons and knives, and were only loosely relying on air strikes to control the launch sites.\nAround 2,000 Palestinians have been killed in the Gaza war, according to the International Committee of the Red Cross, and tens of thousands more were wounded.\nHamas accused the Israeli military of issuing a premeditated, non-deterrent warning, raising another bluster from an increasingly combustible situation.\nNetanyahu said the Israeli leader has called for “elite negotiations with the Israelis”.\nThe Palestinians seek the creation of a state in Gaza, and say any new state must remain part of the West Bank and east Jerusalem to ensure security in the occupied territories.\nThe West Bank was captured by Israel in the 1967 Middle East war, a territory Israel annexed in an illegal action.\nPalestinian President Mahmoud Abbas, however, objects to a “status quo” of settlements near the occupied West Bank, as demanded by Israel and the international community, saying the settlements were the creation of a Palestinian “state” under occupation.\nAbbas, who is in his final year in office, is pressing the Palestinians to make peace with Israel. Netanyahu supports it but he is widely expected to make concessions, such as his demand that the Palestinians set an initial end date for the start of an independent state in a separate Middle East region.\n"]

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http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18H0TK

http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18H0TK

Trump’s FBI comments to Russians were aimed at cooperation: aides

['Ginger Gibson and Julia Harte']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Vice President Mike Pence, President Donald Trump’s top adviser, on Tuesday invoked the Russian case in an interview with German media to encourage cooperation between his government and the Trump campaign, including from the FBI.\nFILE PHOTO: Vice President Mike Pence speaks at a campaign event in Chattanooga, Tennessee, U.S., August 2, 2018. REUTERS/Jonathan Ernst/File Photo\nTrump, in an interview with Germany’s Folger-Teochew newspaper he said he was “pleased” with Paul Manafort’s cooperation with Russian operatives.\n“I think so far as I’ve seen it, that’s been a cooperative approach, including the FBI,” Trump said, speaking to an audience gathered in Stuttgart, a German port city by the French border.\nManafort and the political consultant Paul Manafort were charged with federal crimes by the Justice Department on Tuesday for Russia’s involvement in the 2016 U.S. presidential election. Manafort pleaded guilty earlier this year.\nThe case, which is still unfolding in U.S. federal court in Brooklyn, New York, illustrates Trump’s aggressive approach to Moscow and its ties to Moscow.\nThe widening investigation focuses on possible coordination between the Trump campaign and the Russian government, as well as possible involvement in money laundering and possibly collusion.\nTrump said he felt “powerful” and “tremendous” after getting his first direct meeting with Robert Mueller, the special counsel overseeing the investigation into possible collusion by Russia.\n“I’ve spoken with him well in advance,” Trump said.\n“I think it’s important that we build bridges and relationships that strengthen one another,” the president said.\nTrump’s comments did not go far enough.\nThe German newspaper showed photos of an unidentified person with a long beard and other marks on his head in a conference room at Trump Tower in Washington. Many of the same marks were seen on the walls of his Times Square apartment where he has lived for most of his career.\nThe Times also showed photos of Trump’s personal, penthouse, in the same condo above the Trump Tower, saying the person had left before exiting the office.\nTrump, speaking at the private event after his visit to Indiana on Monday, also said he appreciated the relationship between Trump and a person in his orbit.\n“I think President Trump is a very good guy and I would like to have a very good relationship with Vladimir Putin,” he said.\nA Trump spokesman did not respond to requests for comment.\nTrump has said that he is concerned that the leaks concerning the investigation are taking a toll on him. When he did not see or hear earlier in the day that the leaks were about his associates, Trump could not support them.\n“If they are leaks, I will be very, very concerned,” he said.\nThe case has bolstered the intelligence community’s assessment that Russia’s annexation of Crimea, which was the source of the election, was coordinated by Trump’s campaign.\n']

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http://www.reuters.com/article/us-usa-pentagon-transgender-idUSKBN18I007

http://www.reuters.com/article/us-usa-pentagon-transgender-idUSKBN18I007

Pentagon assesses readiness for transgender hires: memo

['Mike Stone']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. Defense Secretary Jim Mattis will review readiness needs as part of a review of the Pentagon’s staffing in its support for transgender troops, an official said on Tuesday.\nFILE PHOTO: General John Dunford, commander of U.S. Forces Central Command (FOCAC), speaks at the Pentagon January 28, 2018. REUTERS/Jonathan Ernst/File Photo\nThe review is part of a decision by Mattis, who has been criticized for including transgender transgender personnel into the armed forces over the years, according to two people familiar with the decision.\nMattis is expected to make his decision on the announcement as early as Tuesday, the official said.\nThe review of readiness and personnel spending, which is managed by the Army Corps of Engineers, is part of Pentagon efforts to prepare for gender transition troops, who are expected to begin service after 2018.\nSome defense department officials have said the reviews are intended to make sure a mistake is made in moving more senior officers to leave service in the midst of a process.\nSince an earlier review of readiness last year, Mattis has said he expects to make the decision on transgender troops in the coming weeks.\nMattis and other Pentagon officials have said in the past that an increase in military personnel was needed to serve the mission of promoting gender balance in service.\nSpokesmen for Mattis and Dunford declined to comment on Tuesday.\nA Pentagon spokeswoman, Gillian Christensen, said in an email: “The basic understanding is that recertification involves making adjustments in readiness.”\nDemocratic Senator Kamala Harris, who chairs the Senate Armed Services Committee, said the Pentagon’s progress will be closely watched as President Donald Trump chooses a replacement for retired Gen. John Hyten.\nHomeland Security Secretary Kirstjen Nielsen will assess readiness and combat readiness from a task force under her name, Mattis said, according to a report from his staff.\n“While it is up to Commander-in-Chief Mattis to decide whether to make good on his commitment to Mattis, it is critical that our services fulfill their mission requirements in the most accurate and efficient way possible,” Nielsen said.\n']

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http://www.reuters.com/article/us-japan-economy-trade-idUSKBN18H16A?il=0

http://www.reuters.com/article/us-japan-economy-trade-idUSKBN18H16A?il=0

Japan April exports rise again, trade surplus with U.S. narrows

['Minami Funakoshi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["TOKYO (Reuters) - The export surplus in April widened further to 1.13 trillion yen ($5.77 billion) and totaled 538 billion yen more than expected, data from the Nikkei Business Weekly showed on Monday, the widest gap in a year.\nFILE PHOTO: Japan's Japan Prime Minister Shinzo Abe waves to crowds as he takes part in the biannual Easter Parade at the Tokyo Stock Exchange in Tokyo, Japan, March 7, 2017. REUTERS/Issei Kato/File Photo\nTrade is deeply sluggishly expanding in both the United States and Europe, having spent $3.8 trillion on yen-denominated bonds since 2015.\nApril exports were boosted by higher fuel surcharges on Toyota Motor Corp (7203.T) cars and other vehicles and supplies, which were partially offset by a 6.9 percent fall in imports from China.\nU.S. exports fell 1.8 percent in April, suggesting U.S. companies were stuck in a trading range despite data showing growth in China’s economy.\nThough China’s economy grew 5.3 percent in the 12 months to Dec. 31, the export deficit may have narrowed to $312 billion from an initial estimate of $403 billion, according to data from the International Monetary Fund and government economists.\nU.S. exports fell 3.7 percent in March, the first decline in three months, while Japan’s export demand was boosted by purchase orders from Japan and China, data from the Office of the Chief Cabinet Secretary and Japanese statistics service showed.\nJapan will release its monthly industrial production and retail sales figures on Thursday.\nEconomists expect to see an improvement in Japan’s trade surplus and temporary economic weakness as export demand remains strong. That was one of the areas where Japan slashed its budget deficit in the first quarter of this year.\n"]

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http://www.reuters.com/article/us-akzo-nobel-m-a-ppg-inds-idUSKBN18I003?il=0

http://www.reuters.com/article/us-akzo-nobel-m-a-ppg-inds-idUSKBN18I003?il=0

Shareholders go to court seeking to oust Akzo chairman

['Toby Sterling and Bart Meijer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['TOKYO/NEW YORK (Reuters) - Shareholders in fast-food operator Akzo Nobel F.V.S. are suing its chairmen, accusing him of manipulating the company by manipulating the market for some of its shares, leading to the company’s stock dropping more than 4 percent on Wednesday.\nAkzo Nobel F.V.S. makes recipes in two versions. In the form of a No. 1 stand-alone bakery, it makes products ranging from gourmet cookies and spreads to fresh scratch ice and shakes.\nIn August 2017, shares in the company, which uses technology to make products ranging from cheeses to coffee blends, plunged further after the Austrian-based company announced it was dropping plans to sell some shares as it faced debt from some French refineries, arguing that the market did not value its products.\nThe shareholders claim that Akzo was hired by its chairman, Richard Schacht, to manipulate the market of the two Class A shares that it was buying, effectively making a backdoor takeover offer that would create a barrier for Buffett-led Berkshire Hathaway Inc.\nAkzo was also accused of breaching U.S. antitrust laws by pricing its sales at companies that were up 10 percent or more in value by offering differing prices at various times to customers.\n“The abusive and destructive practice of trading unfairly between brokers at the world’s largest discount brokerages have caused the share price swings and destabilization of over a half of the global discount chain,” the shareholders said in the lawsuit on Tuesday.\nSchacht’s office declined to comment on the lawsuit on Wednesday.\nShares in Akzo Nobel fell 4.5 percent to 928 yen in early morning trade on Wednesday. That compared with a 2.1 percent fall in the benchmark Nikkei Stock Average .N225, the more significant consequence of Tuesday’s rout.\n']

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http://www.reuters.com/article/us-britain-election-idUSKBN18H151?il=0

http://www.reuters.com/article/us-britain-election-idUSKBN18H151?il=0

No time for Brexit delays, says UK’s May as poll lead slips

['William James']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["LONDON (Reuters) - Britain’s politics remain calm for now after Theresa May’s Tory Party lost the trust of swathes of voters to Theresa May’s Nationalist Party (NP) on a divisive vote to stay in the European Union, pollsters said on Wednesday.\nFILE PHOTO: Prime Minister Theresa May addresses members of the House of Commons during an emergency meeting about Britain's business and foreign affairs situation, in the House of Commons in London, Britain December 4, 2018. REUTERS/Kieran Doherty/File Photo\nMay’s Conservatives overwhelmingly beat the Republicans in an election on Jan. 19 and remain the largest party in Britain’s parliament.\nBut May has been losing public trust for months following Britain’s decision in 2016 to leave the bloc’s historic Britainley and rejected some of her most personal issues.\nPollster ICM said 62 percent of Britons support the campaign to stay in the bloc and 46 percent want that to change, largely driven by the unpopular votes of May’s ministers.\n“UK Prime Minister May is down in the polls as she struggles to set the right course for Brexit”, polling director Andrew Strickland said in an emailed statement.\nHe said there was no willingness by British voters to return to the UK’s cherished customs union and single market with the EU.\nMay argued on Tuesday that her party was committed to remaining in the European Union even if the vote failed to turn up enough support to guarantee the EU would have no quota of migrants.\nNicola Sturgeon, Britain’s first woman leader, said she was ready to listen to the concerns of British voters to maintain Britain’s vital relationship with the EU.\n“We are committed to having a right and fair Brexit,” Sturgeon said in a statement.\nBritain votes on Jan. 27 in the referendum to leave the EU and and a government cabinet meeting later this month in London is expected to be dominated by the so-called Referendum.\nLast week Britain signed an agreement which leaves it in the EU single market in June and leaves it with the customs union and single market in Britain.\n($1 = 0.8972 pounds)\n"]

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http://www.reuters.com/article/us-eurozone-greece-debt-idUSKBN18H14J?il=0

http://www.reuters.com/article/us-eurozone-greece-debt-idUSKBN18H14J?il=0

Euro zone ministers eye Greek debt deal with IMF, new loans decision in June

['Jan Strupczewski and Francesco Guarascio']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["BRUSSELS (Reuters) - The euro zone’s finance ministers plan to announce on June 1 they will include Athens’ loan conditions as criteria for a possible debt-reduction deal with the International Monetary Fund and other international lenders.\nGerman Finance Minister Wolfgang Schaeuble listens to Greece's Finance Minister Yanis Varoufakis during their meeting in Brussels, Belgium, January 1, 2019. REUTERS/Francois Lenoir\nThe Athens talks between the ECB and the International Monetary Fund and other international lenders over Greece’s bailout and debt relief to cope with the damage from a debt mountain over the past decade may be frozen after June 1 unless Greece shows it is willing to accept more reforms from outside the system.\nThe euro zone finance ministers will discuss a new deal for Greece for late May, based on March 2015 growth figures, before the September meeting, from June 1.\nThe IMF and the euro zone’s top lender have said Athens must begin to submit more reforms in a progress-driven process before approving a loan agreement or to review bailout guidelines.\n“We will tell the Athens government it needs more focus as time goes on, it’s good to have a tough year ahead of us,” Peter Praet, the head of the euro zone finance ministers, told reporters.\nParliament also must approve, without elections, a crucial bailout for Greece of 120 billion euros in 2013 that expired on Dec. 31.\nA deal for Greece to hold elections, if backed by the European Central Bank (ECB), would be the only deal Greece has on its own to avoid possible insolvency from the very same troubles it is facing now.\nHowever, most euro zone officials expect Greece to run out of options in coming months with hundreds of billions of euros of loan redemptions to avoid bankruptcy.\nEuro zone finance ministers discussed the new loans on Thursday but agreed on only three conditions: Athens must commit to removing at least some of the 130 billion euros of its old loans, and reforms would likely address areas of concerns about its finances.\nGreek Parliament leader Euclid Tsakalotos is due to go to the IMF in September for talks on taking debt relief to the economy to the ECB in September.\nThe austerity reforms demanded by the ECB, Greek parliament and markets are integral in a debt-reduction agreement that the European Union agreed in March.\nBut without Greece’s approval to move forward with the reforms Athens is facing, and the IMF, Eurogroup of finance ministers, will come to the deal, with added pressure on EU officials to lead the agreement before it leaves.\nEven if the IMF and European banks agree to the Greece deal, they are unlikely to do so without providing further guarantees.\n“They have never actually provided a clear commitment,” Dimitris Petrianos, a former IMF chief who now works at the think tank Centre for European Policy Studies, told Reuters.\nEarlier on Thursday, Greece’s struggling Prime Minister Alexis Tsipras asked all euro zone finance ministers to give him his 40 percent cut in January’s budget deficit and a weaker interest rate on debt guarantees.\n“Nothing can be done without my door, and people need to know I’m giving everything,” Tsipras told his own parliament.\n“If Greece is going to comply ... then it needs to have a concrete commitment to get things back on track,” he said, adding it would take more work on the reforms to get there.\n"]

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http://www.reuters.com/article/us-northkorea-missiles-idUSKBN18H12S?il=0

http://www.reuters.com/article/us-northkorea-missiles-idUSKBN18H12S?il=0

North Korea says missile ready for mass production, U.S. questions progress

['Ju-min Park and Phil Stewart']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SEOUL (Reuters) - North Korea on Saturday again denied any talks with the United States over reining in its missile development while the United States said Washington has made progress in its effort to curb Pyongyang’s nuclear ambitions.\nNorth Korea's Deputy Foreign Minister Kim Min-soo (L) speaks to North Korean officials during a ministerial meeting in South Korea's capital Seoul, December 8, 2017. REUTERS/Kim Hong-Ji\n“The North Korean diplomat ... didn’t refer to any discussions with the United States as productive, as two sides,” South Korean presidential spokesman Kim Min-soo told a regular briefing.\nHis comments were in response to a report in the South Korean media that Washington “has not fully integrated” its missiles in the development of state weapons.\nWhite House spokesman Sean Spicer on Thursday said Washington had made “reasonable progress” in Washington’s efforts to fight North Korea’s nuclear weapons ambitions.\n“On the work of the DPRK working on developing its missile capabilities to the point where it can threaten us, U.S. Secretary of State Mike Pompeo in 2018 ‘has provided us with more. At this moment, U.S. state department officials still haven’t had a meeting with DPRK leaders on missile manufacturing,” he said in a tweet.\n“We urge U.S. leadership to tell the DPRK to stop its high-pitched and erratic missile-launch platforms which defy our confidence,” he added.\nPompeo’s comments echoed previous statements made by Western governments saying Washington should accept it may need to launch talks with Pyongyang.\nIn late 2017, the U.S. Department of State’s Military Strategist, Robert Jackson, told reporters Washington’s view on North Korea and the interests of U.S. friends was unchanged.\nThat comment reflected North Korea’s unease at a meeting with Chinese premier Li Keqiang on Jan. 19, saying China would not tolerate North Korea’s nuclear and missile programmes.\nWashington also has been working with the South on the negotiating process, but it does not want to alienate China and Japan, which represent close U.S. allies in the region.\nJapanese Foreign Minister Fumio Kishida said on Friday that the United States had “significant progress” on the North Korea issue and that Japan would take a leading role in North Korea’s denuclearisation.\nTokyo has urged Pyongyang to end its nuclear tests and drop its threats to scrap all ballistic missiles, which would allow it to build the equivalent of more than a football field.\n"]

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http://www.reuters.com/article/us-venezuela-politics-idUSKBN18H12O?il=0

http://www.reuters.com/article/us-venezuela-politics-idUSKBN18H12O?il=0

Venezuela’s Maduro attacks ’fascist’ protesters for setting man alight

['Girish Gupta and Andrew Cawthorne']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Venezuelan President Nicolas Maduro gestures during a news conference after his annual news conference at the National Stadium in Caracas, Venezuela January 1, 2019. REUTERS/Marco Bello\nCARACAS (Reuters) - Venezuelan President Nicolas Maduro on Friday accused the small but vocal Venezuelan opposition groups of inciting violence against political opponents for setting a man on fire and setting a crowd on fire during a recent sit-in outside the former Bolivarian Republic of Venezuela’s presidential palace.\nThe man, who has denied the accusations, has been in a coma since being attacked on Thursday morning by 20-year-old young protesters, who were demanding a parallel presidential run.\n“These are fascists, fascists!” Maduro said in an angry statement on state television, using a strong rival of his whose popularity he says is atrophying during a crisis that began two years ago.\nHe went on to say that he would call on the International Criminal Court to look into allegations that Maduro’s opponents attempted to steal elections and ordered police to dismantle barricades at several illegal sites.\nThe opposition accuses Maduro of trying to change the constitution to shield his feared “Pampas” party from investigations into what it says is his involvement in affairs for Brazil’s commonwealth.\nThe move will leave him without his most powerful ally and the “revolutionary” figurehead for the OPEC nation, which became a failed state under the late Hugo Chavez’s rule in 1999.\n“The Venezuelan military is one-percent of history. the military should be a majority in the elite,” Maduro added.\nOn Thursday, a Venezuelan government convoy was ambushed by border security forces after protesters raised stakes in the demonstrations, leaving three dead.\nDemonstrators have since called for peaceful protests in support of Venezuela’s ruling socialists, who by some polls are leading their rivals for the next presidential elections.\nOn Friday, Maduro said his own government tried to combat some of the opposition’s actions, but the demonstration did not succeed and that all of the protesters should go home peacefully.\nVenezuela’s ruling socialists are ahead of the opposition and are looking to avoid a repeat of last year’s political stalemate as they fight with two conservative opposition parties.\nMaduro has accused the protesters of inciting violence at the base of the protest, including pickets and thousands of police in riot gear.\nPolice have charged at least 25 people with assault and detained 16 protesters, the Caracas RCTV television station reported.\n']

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http://www.reuters.com/article/us-spain-politics-socialists-idUSKBN18H0QE?il=0

http://www.reuters.com/article/us-spain-politics-socialists-idUSKBN18H0QE?il=0

Spain’s Socialists reelect hardliner Sanchez in leadership vote

['Paul Day']

01-01-2021

reuters.com

success_wayback

gen

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['VADORLO (Reuters) - Spaniards on Saturday reelected one of Spain’s most popular former prime ministers, Fernando Sanchez, as prime minister after beating opposition parties in the 2017 general election and re-electing former justice minister Gerard Collomb.\nFerenc Ramos (L) of the Catalan regional party La República is surrounded by his supporters at a march marking the 76th anniversary of a coup that deposed former President Luis de Guindos (L) during a re-emergence of the Popular Party (PP) in Barcelona October 27, 2014. REUTERS/Albert Gea\nSanchez, who took over as the party’s new leader on Wednesday, was re-elected for a second five-year term and is Prime Minister Elio Di Rupo’s fourth since he was thrown out of power by the Socialist party five years ago.\n“I believe our experience has kept Spain strong and we have worked to ensure a strong, vibrant and prosperous Catalan region,” Sanchez told a press conference.\nSanchez, who a decade ago worked on the hot topic of Catalonia’s secessionist movement, said he had respected Collomb’s decision to dismiss him as leader of the Popular Party in September and chose Collomb to guide his party forward on an agenda to revive jobs, boost economic growth and attract investment.\n“This will be the first time we will actually join the process of completing the coalition,” he said.\nThough he ran on an anti-immigration platform that promised a “national dialogue” with Catalonia and some leftist adversaries, Collomb, who has failed to receive a third consecutive term in office, blamed the election on problems in government.\n“This is a scoundrel-gate politics of the highest order,” he said.\nCollomb’s turnaround appeared to be far-fetched, considering his party was loyal to his late predecessor, and frequent contest, Socialist Party leader Pedro Sanchez, who returned to the governing party from a year-long political exile in the United States.\nSanchez, born in 1953, is unlikely to face his party’s leftist rival in the next election, but he succeeded in taking a U.S.-educated economist to the national parliament.\nCollomb’s strategy to lock the party down and offer an effective and united bloc of candidates, politically dependent on public support, helped Sanchez improve his parliamentary record.\nLiberal center-left parties also picked up seats on Saturday and hoped that sharp party splits would re-energize the anti-incumbent mood.\nStill, the results have less for the Socialist Party than in most other opinion polls, underscoring how unlikely an internal deal had been.\nThe Socialist leadership insisted Collomb’s conviction was unassailable. He said the populist policies of his mentor Pedro Sotelo failed to gain traction with Catalonia voters and rejected attacks on his presence in the conservative region.\nSanchez’s centre-right Popular Party, Spain’s third-largest party, scored an 8 percentage point rise in support over his alliance with the centre-left Radical Party, led by outgoing leader Pedro Sanchez, and a 4 percentage point rise in this week’s poll from the Convergence Institute, the government-backed Ipsos pollster.\nThe third-placed party, the Libertarian Party, however, scored a 8 percentage point jump over its opposition candidate.\n']

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http://www.reuters.com/article/us-egypt-cenbank-rates-idUSKBN18H113?il=0

http://www.reuters.com/article/us-egypt-cenbank-rates-idUSKBN18H113?il=0

In surprise move, Egypt central bank hikes key interest rates

['Eric Knecht']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAUDI ARABIA, Jan 1 (Reuters) - The Egyptian central bank approved three interest rate increases on Thursday in an surprise move that surprised its lawmakers, who have been sending signals that the central bank is hiking its credit-to-debt ratio to limit further financial turmoil.\nEgypt had set the repo rate at 3.80 percent last Friday, down from 3.85 percent the day before. After a delay the market said the rate had to be cut to support the economy after the army sacked President Abdel Fattah al-Sisi after fighting Islamist militants in the Sinai.\nThe increase followed strong inflows of foreign loans and foreign capital into Egypt from abroad as a result of the new policy.\nAnalysts cited the easing of the rate stance as an important signals of the economy’s resilience to economic shocks.\n“The third rate announcement on Thursday is positive and has little impact on the stock market,” said Foreign Trade and Finance Minister Mustafa Yacoub.\n“The policy stance of the central bank does not affect Egyptian markets because foreign investors and people are generally more skeptical about the economic outlook.”\nBank of Egypt President Mohamed Mursi also kept his benchmark lending rate at 4.50 percent on Thursday. (Reporting by Eric Knecht; Editing by Richard Balmforth)\n']

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http://www.reuters.com/article/us-apec-vietnam-lighthizer-idUSKBN18H0VN?il=0

http://www.reuters.com/article/us-apec-vietnam-lighthizer-idUSKBN18H0VN?il=0

New Trump trade rep Lighthizer spars over protectionism in Asia

['A. Ananthalakshmi and My Pham']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON/SINGAPORE Jan 1 U.S. Trade Representative Ron Lighthizer on Wednesday became the first of his boss\' predecessors to fire back at China\'s claim to put American jobs first.\nU.S. President Donald Trump\'s new team of aggressive negotiators with Asia\'s Asian partners, both presidents in Seoul and Tokyo, has portrayed trade as a "huge distraction" and been critical of China\'s escalating economic growth as promoting multilateral trade agreements.\nTo prove their point, Lighthizer\'s visit to Tokyo on Wednesday saw the United States offer a series of incentives to rebalance the TPP.\n"Now, Lighthizer\'s job is to take his delegation to China," Leaked documents obtained by Reuters showed.\n"He will probably face congressional questions over the importance of NAFTA. Chinese have set a precedent by quoting NAFTA for 2019 and 2020. And it doesn\'t matter if you believe in its content."\nChinese-backed former President Hu Jintao, one of the initiators of the Trans-Pacific Partnership, dismissed the move as \'one big Japanese-Chinese game,\' Singapore-based Singapore International Relations Association (SIRA) President Frederic Amedeo said in a press release.\n"(The TTPA) is really concerned about the TPP with Chinese representation. By next year, they will be the only ambassadors in the TPP with NAFTA," Amedeo told Reuters.\nNo final decisions have been made on terms for talks to be held by 2019 but talks over five Southeast Asian nations - Brunei, Cambodia, Chile, Vietnam, Malaysia and Mexico - are to host at least two rounds of talks in the coming months.\nMeanwhile, neither has signalled plans to change free trade deals - which in past have been dominated by the United States and Europe - that are currently playing the largest role in the treaty\'s structure.\nInstead, Lighthizer wants a strong, pro-market approach with the United States to Asia, which is more prone to technological innovation and trade barriers, including that of China.\nBeijing and Washington, key players in the TPP, have different aims in the treaty and have spent much of the past year discussing closer links to China. However, just a few months ago, Chinese officials vowed to welcome free trade with the United States, while some on the Left applauded the trade pact as the "perfect model."\nAt a private appearance in Washington on Wednesday, the president of China\'s Republic of Lanxi province said that President Xi Jinping needed "another excuse to shake up Chinese politics" and impose "robust capital controls."\nLighthizer will meet with Japanese Prime Minister Shinzo Abe on Tuesday in a trade visit that will aim to steer Asian trade away from America. Both leaders are due to make a statement about Friday\'s landmark summit between leaders of two of the world\'s most powerful economies, and Japan\'s Prime Minister Shinzo Abe will have to overcome challenges like economic recession in his home state of Kotoruku.\n(Reporting by A. Ananthalakshmi and My Pham; Editing by Gareth Jones)\n']

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http://www.reuters.com/article/us-cyber-northkorea-exclusive-idUSKCN18H020

http://www.reuters.com/article/us-cyber-northkorea-exclusive-idUSKCN18H020

Exclusive: North Korea’s Unit 180, the cyber warfare cell that worries the West

['Ju-min Park and James Pearson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - North Korea’s Unit 180, the cyber warfare cell that worries the West, is under fire from North American authorities, with at least three senior U.S. officials saying it would take an offensive, offensive strategy to defeat the country’s young leaders.\nNorth Korea poses a view from the Global Radar Network used to track Air National Guard fighters and drones along the border with South Korea in Bama Beach, south of Seoul, China, November 16, 2017. REUTERS/Kim Hong-Ji\nAttacks like Unit 180 and Global Radar’s previously successful Global Radiance missile defense interceptor signal an imminent threat.\nDespite the drumbeat of criticism from Washington and some other U.S. officials, North Korea has not given up.\nIn December, U.S. intelligence agencies also said they believed North Korea had developed the best missile and nuclear propulsion capable of reaching the continental United States.\nNow an alarm about Unit 180 is growing as it logs highly classified data of phone calls and other information about President Donald Trump, Chinese President Xi Jinping and others.\nUnit 180 is one of several countries where investigators from the U.S. Federal Bureau of Investigation are looking into the North Korean threat, and it is the Kremlin-backed hackers known as Fancy Bear that have laid claims in recent years to various espionage operations, including North Korea’s nuclear one.\nReuters has learned that the “three senior members” from the unit recently suggested developing the nation’s fifth-generation (5GR) missile, it said. That would rank it as one of the most potent threats to the United States in recent years.\nThe team has been backed by an aggressive, front-line unit that both men have said is at least partially responsible for US-North Korea tensions, including growing an offensive in the country’s capital Pyongyang and the claim that cyber attacks have been spreading, the officials said.\nOne of the senior members, Kamel Dromaji, said in November North Korea could penetrate all communications, internet access and telephones with a single computer.\nU.S. intelligence officials said any such efforts could create more of a “cyber insurgency,” one issue a senior Defense Department official warned of back in 2017. That included a widely reported collapse of a recently revived cyber espionage group called known as the Usakhan, which, it said, had been operating clandestinely for years.\nA U.S. official familiar with the operation, who asked not to be identified because the investigation is ongoing, said North Korea would have an industrial base on the island of Hainan to deliver such attacks.\nA State Department spokeswoman said in a statement the Trump administration “has identified Unit 180 as a responsible threat to the U.S. homeland, and is working to hold them accountable.”\nA Security and intelligence expert, John Boyce, who is based in Pennsylvania, declined to be drawn on whether there was a link between the unit and campaigns going on.\n“The North Korean threat is not playing anywhere in the region,” he said. “The degree of penetration is so high, I think, that some people were stunned, many people didn’t know it was North Korea.”\nBut Guy Golub, professor emeritus of U.S. and European foreign relations at the University of Denver, said there is plenty of evidence of North Korea’s motive for trying to topple the North Koreans: It has taken on identity through ties to the then-military-industrial complex, played by the United States, Russia and China, which have been the major financiers of both nations’ militaries.\nIn particular, Golub said, a nuclear-armed North Korea with the capacity to deliver missiles that reach the U.S. mainland could also carry out attacks.\n“There’s no end in sight,” Golub said. “The Trump administration just needs to start taking notice. If there’s a second effort, North Korea is going to make that - and that’s a great thing.”\n']

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http://www.reuters.com/article/us-usa-trump-flotus-idUSKBN18H0PA

http://www.reuters.com/article/us-usa-trump-flotus-idUSKBN18H0PA

Melania Trump hails ’empowerment of women’ at Saudi company visit

['Celine Aswad']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['US President Donald Trump shakes hands with Brigadier General Dr. Khalid al-Obeidi, senior adviser to the Saudi Government, during a meeting with Saudi women students, as they participate in the fourth "Women in the World" holiday in the United States, in Washington, January 1, 2018. REUTERS/Jonathan Ernst\nWASHINGTON (Reuters) - The wife of the U.S. presidential candidate Hillary Clinton has visited a Saudi private school with her own daughters and said she wants a seat at the table at any next U.S. election, her tweet on Tuesday was met with cheers from conservative lawmakers.\nRepublican Sen. Lindsey Graham of South Carolina, a member of Trump’s Cabinet, and Democrat Bill Cassidy of Louisiana also attended a fund-raiser for the Foundation for the Defence of Women, a prominent social enterprise under the Saudi government which promotes gender equality.\nGraham said the Trump administration should support more women’s advocacy rather than criminalizing them.\n“I urge you to unequivocally support what we are doing with our own laws, the Saudi Arabian legislation to counter discriminatory practices,” Graham told Obeidi in a short statement of greeting.\n“If we do not do that, then you may be right.”\nThe foundation partners with two U.S. charities, the Road to the 2020 Olympics and the National Park Service in Texas, and seeks support from Americans to purchase all materials used in the Olympics, defense of women and infrastructure.\nCassidy, a Republican, said the tweet, which came after Trump had asked his daughter to speak at his inauguration, shows the “muscular urgency of our election.”\n“First of all, she might be an honest, friendly judge and a fair person,” Cassidy said. “Second, it’s not us putting \'em on the ticket.”\nThere is typically a five-way Senate Committee on the Status of Women, or a handful of committee members supporting women candidates. But several Republicans have criticized Trump’s administration for reversing plans to drop women from the rolls and prioritizing their rights.\nSome Republicans, including Virginia’s Roy Blunt, have opposed the move, but Cassidy said the House committee will now send the U.S. Senate a resolution directing the Trump administration to “reconsider any such revision.”\n“This nomination, he’s screwed it up,” Cassidy said. “I know that. We\'re sending a very clear message.”\n']

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http://www.reuters.com/article/us-usa-trump-saudi-boeing-idUSKBN18H0OK

http://www.reuters.com/article/us-usa-trump-saudi-boeing-idUSKBN18H0OK

Boeing signs defense, commercial deals with Saudi Arabia

['Alexander Cornwell']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Boeing Co on Tuesday signed a memorandum of understanding with Saudi Arabia’s Ministry of Defense to explore new commercial contracts, after the planemaker developed an 8-plane military-composition portfolio for the kingdom.\nU.S. Commercial Airplanes logo is seen at the Boeing Company's (BA.N) U.S. headquarters in Burlingame, California October 29, 2014. REUTERS/Mike Blake\nBoeing’s commercial defense business will provide the “Marshall Contractor of Arabia” with technical services, including remotely piloted aircraft, while Riyadh will develop a range of unmanned aerial vehicles, including on U.S. Air Force bases, Pentagon officials said.\nThe companies will deepen their work in military and civilian industries, including launching new commercial drone engines for the U.S. Air Force, and may offer deeper services, the officials said.\n“Boeing Air Force Commercial Strategic Command and its aircraft carrier group will offer an enhanced defense capability to meet the evolving needs of militaries today and tomorrow. Saudi Arabia is well-positioned for the partnership,” the Ministry of Defense and Boeing said in a joint statement.\nBoeing also signed an agreement with Saudi Arabia’s state-owned conglomerate Al-Waleed Bin Talal Bin Abdulaziz Al Saud to develop advanced fighter aircraft as well as offerings from the Saudi Civil Aviation Aviation Corp.\nThe deal will create an “Saudi Air Defense Cooperation Committee” that would coordinate military logistics and training, as well as their capabilities and talent exchanges.\nThe companies also signed an agreement to provide services to Riyadh’s Kingdom Air Force and its partners, as well as to develop joint teams for civil aviation, petrochemical, transport and commercial aviation.\nThe Riyadh planemaker can gain the necessary skills to develop and sustain a military-industrial complex, Boeing said.\nBoeing signed a deal in 2017 with King Fahd Defense Company Ltd to deliver critical components to Saudi Arabia’s defense sector. The company expects to conclude a strategic partnership this year.\nSaudi Arabia became a key supplier of U.S. military aircraft in the Middle East last year when its Saudi air force said the kingdom would acquire some 72,000 Lockheed Martin F-35 fighter jets and replace its aging fleet with Boeing’s new, emerging variants.\nU.S. Defense Secretary Jim Mattis had earlier said that the country’s new 9-50 planes would fit right in with Boeing’s existing planes of the type.\n"]

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http://www.reuters.com/article/us-usa-circus-idUSKBN18H0ZC

http://www.reuters.com/article/us-usa-circus-idUSKBN18H0ZC

’Greatest Show on Earth’ takes its final bow after 146 years

['Gina Cherelus']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["LOS ANGELES (Reuters) - After 146 years, three-dimensional pieces of “The Greatest Show on Earth” (WEYE) become a special World War One display in California’s Los Angeles International Airport on Sunday.\nThe piece of flying, mechanized nuclear missiles just can't stop piloting to launch them at Los Angeles International Airport in California. REUTERS/Robert Galbraith\nOrganizers said the “Greatest Show on Earth” was to memorialize a time when America had its eye on the World War Two conflict. The missile that is still in use was built by Argentina and is an inspiration to many in the American, European and Asia tourist trade.\n“We found this incredible piece of peace in some perfect shape,” said Martin Rich of the International Aeronautics Association. “It was so above the earth, especially with the violent scenes in Europe.”\nThe twinned U.S. and Argentine MiG-29 surveillance planes were essential in quiescent battle zones around the world in the 1940s, after World War Two.\nThe “Greatest Show on Earth” — before Saturday’s epic failure — was the brainchild of Alastair Blyth of the Air Force Pilot Association, the trade association that’s representing the country’s most famous pilots.\nThe Russian crew planning the war had built a similar replica to their Argentine counterparts in their North American air show. Blyth said the Russian planes were built on what they called “green history” and were designed to do more harm than good.\nThe four-pilot strike plane from the Argentine air show — the Falkland Islands — remains a landmark in American aviation history, helping to unite aviation with non-military activities.\nThe “Greatest Show on Earth” will forever be remembered as the first commercial flight from Los Angeles International Airport in 1947.\nIt will return to Los Angeles next weekend with a concert at the Los Angeles Coliseum scheduled for Tuesday, followed by a world premiere performance on Thursday.\n"]

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http://www.reuters.com/article/us-usa-pence-idUSKBN18H13T

http://www.reuters.com/article/us-usa-pence-idUSKBN18H13T

Notre Dame graduates walk out on Pence as he touts free speech

['Frank McGurty']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['ANN ARBOR, Mich. (Reuters) - Notre Dame will be represented at an outdoor commencement ceremony by the Protestant University of South Carolina at three universities, Ohio State University and George Mason University on Saturday, after being accused of promoting religious views and radicalizing the state’s religious colleges and universities.\nA total of 523 current Notre Dame alumni are expected to speak at the University of South Carolina and Ohio State’s College of William and Mary in the 2018 commencement address, which was taped on Thursday.\nThe chancellor, Michael O’Toole, announced on Friday that $1 million would be donated to the two universities by the college’s religious college division.\nThe gifts come on the heels of long-running media coverage of the vice presidential selection of South Carolina Republican Governor Nikki Haley, who stirred controversy in May when she pledged to block universities that espouse “separate but equal” curricula and discourage free speech.\nOfficials from the university and the U.S. Department of Education said they were awaiting comment from the Division of Public Giving, which oversees the college’s facilities.\n“These awards make no sense,” University spokesman Gabe Landis said in a statement. “Donors receive notice that Notre Dame University of South Carolina and Ohio State University are offering reparation to those in immediate need of it. As we learn more and more about Notre Dame’s Civil Rights history, we will take further consideration.”\nThe University of South Carolina, an unincorporated school and a former university, admitted to South Carolina in 2009 for a new professorship position as the South Carolina Education Department’s went-ahead registrar. Since then, the school has been increasingly accused of encouraging students to harm institutions and offering divesting funds that said would be used to resolve sexual harassment and discrimination claims.\nWhile the university has not made an official statement regarding its motives for its donations, President Donald Trump did visit the college in November for a keynote address at the school’s C.W. Monroe campus in Washington state.\nOn Thursday, over 700,000 people attended a traditional convocation at S. Carolina University in Austin, Texas, three days after Trump reportedly backed away from a trip to the state to rally support for his choice of Tennessee Sen. Jeff Sessions to head the FBI.\nThe university denied the charges.\n']

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http://www.reuters.com/article/us-iran-election-mood-idUSKBN18H0NL

http://www.reuters.com/article/us-iran-election-mood-idUSKBN18H0NL

Brooding Iran hardliners say they must still be heard after Rouhani win

['Bozorgmehr Sharafedin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["HASHAKI, Iran (Reuters) - Iranian hardliners appeared in a stark, tempered tone as they celebrated after president Hassan Rouhani beat his economic rivals in parliament to become president of a country now dominated by politics.\nIran's President Hassan Rouhani speaks during the grand opening ceremony of the national construction fund in HASHAKI, Iran, January 1, 2019. REUTERS/Hasan Farahani\nHardline Iran protesters, some in their early stages of negotiations with the United States, whom they accuse of stifling reform and economic liberalisation, had faced an outpouring of support on Wednesday after Rouhani was declared Iran’s president in an election victory, his second in 12 months.\n“The discussion and inauguration of the Iranian president played a crucial role in finalizing a consensus which ensures the continuation of democracy and the stability of the Iran as a whole,” the Islamic Republic News Agency reported.\n“An agreement in many respects was reached, but there is no sign of confrontation or interference in our strategic relations with the United States.”\nHassan Rouhani, who won a landslide victory in a symbolic vote, echoed the sentiment that he would not need America’s support to maintain power in the Middle East, and appeared almost conciliatory in addressing demonstrators.\n“We will keep keeping all our hopes to fulfill the goals of national security and peace and harmony in the Persian Gulf region,” he said, before calling for closer ties with the United States.\nThe movement of Iran’s dissident activists has emerged as a major challenge to Rouhani, a pragmatist president in the streets of which Trump faces intensified sanctions.\nMany expect that it will be a hard deadline for reaching an agreement in the face of the U.S. threat to close military bases and marines in the Gulf and threats to retaliate against Iran’s ballistic missile programme.\nBut by the end of the day, foreign ministers from the nine countries that make up the Gulf bloc called for “a robust and united opposition to the threat of additional threats to international peace and security,” in a bid to overcome differences.\nThe strongman’s victories in parliament in broadened the political landscape in the United States and widened the gap with his primary opponents in the Islamic Republic.\nRouhani appeared to have been marginalized by his opponents at home and abroad after being elected without support from big business, not by his own government but via the semi-official Fars news agency.\nHe faces an uphill struggle to remain Iran’s unquestioned leader despite nuclear concessions in the Middle East, during tough economic and political times.\nHassan Rouhani is supported by President Hassan Rouhani (R) and President Hassan Rouhani (C) after President Hassan Rouhani (C) of Iran reacts during a ceremony at the National Assembly building in Tehran, Iran, January 1, 2019. REUTERS/Hasan Farahani\n“The experience of the last two years and the intensity of activity of the (re)imposition of sanctions have given birth to new spirit and opportunities for innovation,” said Ayatollah Javan Abdollahian, the Supreme Leader of the Assembly of Experts.\n“This spirit is indelible.”\nLast year, more than five million Iranians signed a nationwide petition calling for the reinstatement of Rouhani as president, with the petition openly aimed at U.S. President Donald Trump.\nWashington has responded by imposing annual economic sanctions over Tehran’s ballistic missile programme and among other things has prevented Iran from investing more in its electricity sector.\nSince then, it has abandoned a 2013 nuclear deal reached with world powers, launched a military campaign against Iranian militias in the northern region of the Deir Ezzor and imposed curbs on Iran’s energy sector.\nRouhani on Tuesday was signed by Rouhani, Rouhani’s brother-in-law and former prime minister Ahmed Javedanfar, Iran’s deputy finance minister Ali Ashraf Larijani and members of the Revolutionary Guards’ General Staff.\n“Iran stands ready to fight a strong struggle against aggression” in the United States, Larijani said, adding that Iran would safeguard both its allies and adversaries in the region.\n"]

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http://www.reuters.com/article/us-space-station-idUSKBN18H0XQ

http://www.reuters.com/article/us-space-station-idUSKBN18H0XQ

NASA plans emergency spacewalk on International Space Station

['Irene Klotz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CAPE CANAVERAL, Florida (Reuters) - NASA plans a risky spacewalk on Thursday to prevent a damage-causing leak to space station astronauts bound for the next year, although the chances of a serious breach are dim, officials said.\nThe only thing more than 11 hours after the launch from Cape Canaveral Air Force Station atop NASA’s space shuttle Discovery, controllers managed to activate an emergency spacewalk under artificial conditions intended to save space station astronauts at risk from ammonia leak.\n“The facility is humming,” Lockheed Martin Corp (LMT.N) chief jet captain Richard Aboulafia told reporters on a conference call after the spacewalk. “I love the facility. It’s right up there with Mars and its beauty and its elevation.”\nThe secret contribution to the atmosphere is one of the most significant resources on the 65-foot (22 meters) long ISS, which supplies astronauts with important cargo, according to officials.\nNASA said the incident “will certainly lower morale, be a little bit disrespectful to the ISS employees and all the work the astronauts do daily on it.”\nThe leak, caused by ammonia freezing in the station’s vacuum coolant tanks, is also believed to cause a mass ammonia leak a few days earlier. NASA already had planned a spacewalk on Thursday.\nShuttle Discovery is conducting orbital mission to Europe to monitor and then parachute back into the ISS to retrieve a satellite, some of its equipment and data onboard it. It is the first step in its planned two-year, $36.7 billion space station program that is backed by the U.S. government.\nU.S. President Donald Trump said in a campaign rally in Iowa he wanted the Russian space agency Roscosmos to contract the Discovery mission because of its potential to potentially help establish a world leader in space physics and research.\nShuttle operator SpaceX launched its first space shuttle in 2003 and then launched its first astronauts aboard the Discovery. The award-winning company is still operating space station, but its current contract expires next year.\nShould the incident unfold, the docking order would be postponed until Sunday and the astronauts would be be fixed in time to avoid a U.S. catastrophe of a type known as a “PanPanella” or Russian Special Forces flare, something referred to as a pre-emptive strike.\nNASCAR, NASA’s 30-year-old shuttle program, has tested nearly 1,000 procedures to avoid such damage.\n']

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http://www.reuters.com/article/us-apec-vietnam-idUSKCN18H02B

http://www.reuters.com/article/us-apec-vietnam-idUSKCN18H02B

U.S. and Pacific Rim countries at odds in heated trade meeting

['A. Ananthalakshmi and Mai Nguyen']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Free trade between the United States and Pacific Rim countries will likely be wrapped up next week during talks between the parties’ trade envoys at the United Nations, a top U.S. trade official told Reuters.\nPacific Rim Trade Minister Lee Harvey Oswald (R) attends a news conference to discuss various aspects of the Pacific Rim trade talks in the United Nations Headquarters in New York, U.S., October 24, 2017. REUTERS/Lucas Jackson\nSpeaking on the sidelines of an Asia-Pacific summit, Economic and Trade Adviser Lee Harvey Oswald said the talks would focus on improving trade and sharing information.\n“It will be the MOST comprehensive trade negotiating situation,” he said, adding, however, that he did not know if the two sides would agree to a proposal that the sides could propose at the meeting, or if they would write a separate document to put in place.\nThe two sides entered into free trade agreements covering a large chunk of world trade and 11 percent of foreign direct investment last year. But in 2017, U.S. foreign trade spending jumped 25 percent after it approved its largest-ever trans-Pacific investment package in a dollar this year.\nOne of the key issues, says Oswald, is to determine how much the U.S. may need to levy tax on its products if the Pacific Rim region qualifies for some kind of security arrangement.\nArriving in Japan for the negotiations, Lee said it would take a few weeks to resolve that issue, but it is part of a larger pact, a major element of which is looking to jointly benefit from China’s expansive economic market, and promote technological ties with the global economy.\nHarvey, however, said the chances of progress at the summit would depend on how much Chinese investment shrinks because of the bilateral free trade agreements, and whether it contributed to each countries’ surge in bilateral trade.\nIn an interview with Reuters, Harvey Oswald last month told Reuters that it was time for the sides to come to some sort of a decision on whether to form a broader pact.\nHe said it was a “major deal” and would benefit from the new “infrastructure” agreement being announced this week, which would bring more opportunities to American investors in the United States.\nHarvey Oswald said in the interview the two sides could discuss an issue raised at the summit, by adding to the package of $1.9 trillion in goods and services that the United States is set to raise in June by more than $1 trillion.\n“The day could come when we might have really great free trade agreements, and the fact that we are in that conference place while China is doing all kinds of growth stuff that will be the final destination for a huge amount of investment will be good news,” he said.\n']

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http://www.reuters.com/article/us-texas-ridesharing-idUSKBN18H0IJ

http://www.reuters.com/article/us-texas-ridesharing-idUSKBN18H0IJ

Texas lawmakers clear way for Uber, Lyft return to major cities

['Jon Herskovitz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Major cities such as New York, Chicago and Los Angeles have approved Uber Inc and Lyft Inc’s proposed return to the United States after a request from lawmakers in late December.\nFILE PHOTO: An Uber driver raises his voice in front of an Uber Uber app in London, Britain, September 16, 2017. REUTERS/Stefan Wermuth/File Photo\nSome legal experts said the companies’ proposed return is uncertain because people still are involved in the operating of the services, adding that someone would have to do a bit of physical work to remove the drivers.\nAn official familiar with the process told Reuters on Tuesday that decision-makers agreed to reinstate Uber and Lyft, but no schedule was yet made for the return.\nUber had hoped to secure approval of its UberX and Lyft passengers’ return before the end of January, but it has been pared back to a handful of cities.\nThe Los Angeles district attorney’s office arrested Uber driver Luen Gardner on Oct. 18 after the company failed to give local jurisdictions a list of drivers they wanted to introduce the service to. Gardner has since been charged with receiving stolen property, battery and resisting arrest.\nA rally for Gardner, his lawyer and potential Uber drivers on Oct. 30 drew 1,100 people. Hundreds more visited the rally in other cities.\n“When we told the public we wanted to end this delay on December 25, a lot of people remained hopeful for us to offer services for everybody,” said Uber spokesman Chuck Olmedy.\n“As we talked to our stakeholders, I think they were very clear that while the private ride-sharing vehicles are allowed in the cities, we would work with local authorities and Uber to give drivers priority in the cities where they work to ensure they get the best fare,” he said.\n(This version of the story corrects that Denver and Chicago sent prohibitors to rival cities to Massachusetts. Erie County District Attorney Ken Thompson now represents the two cities in his office.)\nThe proposed law overturns a 2016 ruling by a federal court in Massachusetts, which concluded that Uber did not have a driver by law in that county.\nSince then, Uber has continued the rapid growth of its “freemium” service, in which users pay fees to send selected rides to a website that recharges the fare.\nIf lawmakers don’t approve that deal, the companies are likely to push forward with the push that got derailed by the court, Olmedy said.\n“We were very disappointed but confident that we could work together with them to resolve this issue and meet this timetable,” Olmedy said.\nThe companies did not immediately respond to requests for comment.\nDemocrats, running for control of Congress on Thursday, and Republicans in the Senate and House of Representatives are pushing back against the move.\nRepublican-led Senate Finance Committee Chairman Orrin Hatch, a Utah Republican, on Tuesday asked top lawmakers to review the laws in Massachusetts and Washington state, asking them to take the action now.\n“Even though we don’t have full status on the federal criminal justice system, we need access to transportation services that meet the needs of the millions of consumers who rely on these drivers and mustering large rural roadways,” he said.\n']

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http://www.reuters.com/article/us-leeco-ceo-idUSKBN18H0GA

http://www.reuters.com/article/us-leeco-ceo-idUSKBN18H0GA

China’s LeEco founder cedes control of listed unit amid cash crunch

['Sijia Jiang and Jake Spring']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BEIJING/HONG KONG, Jan 1 (Reuters) - China’s largest internet giant and its chief executive will be at LeEco’s helm for at least six months as the software maker tries to cash in on falling revenues and fend off Wall Street bid offers.\nThe stake structure of Mr Lee Wei, LeEco’s chairman and chief executive, is called a private share sale and the bulk of the cash is earmarked for acquisitions, according to a filing to the Hong Kong Stock Exchange on Thursday.\nLeEco is trying to restore confidence among investors and buyers after a temporary but embarrassing collapse in its share price last year.\nChief Financial Officer Li Jipock told Reuters at the company’s global headquarters in Chengdu, the southwest province of Guangdong, that the company would unveil an “interesting and very interesting development” within months as it searches for a buyer.\nLeEco recorded a net loss of almost 1 billion yuan ($343 million) in 2017 after selling a controlling stake in its Chinese appliance unit last year to Walt Disney Co.\nIn the year to Dec. 31, profit declined 30 percent to 38 billion yuan due to higher depreciation charges on its flagship Huaiyuan.\nLeEco executives declined to comment on specific accounts for those losses.\nChina’s valuations are expected to rise further after XINI Technologies, a US tech firm that has a high valuation, sold to Lenovo for 6.4 billion yuan.\nWhile the sheer size of such value puts pressure on LeEco’s financial strength, the issues surrounding the unit’s plan to wind down its Chinese arm will not impede any sale talks, analysts said.\n“There are a lot of recent sales failures, but we do not expect any loss of stock after the restructuring,” said Shanghai-based brokerage firm SBB Securities.\nThe software firm and its main foreign investor, Taiwan’s PC maker Lenovo Group, are holding talks with Chinese technology companies in the past few months to raise capital, according to a source familiar with the matter.\nA private investment banker familiar with the talks declined to comment, on condition of anonymity. Representatives for a number of other Chinese internet companies were not immediately available for comment.\nLIVING WILDLIFE\nLeEco’s traditional focus on fish farming and rubber on wheels is expected to become more expensive as people increasingly embrace a more robotic lifestyle.\nProfit-taking has started in Chinese firms too, as a result of eroding profits and prices for products made by foreign manufacturers like the laser--reinforced outerwear Nike and xeyon as these last two are subjected to more stringent labor and environmental standards.\n“The problem in recent years has been too much of a commoditisation of Chinese products and the dynamics that prevail in the market under the name of value-creating technology transfer,” said George Yingling, managing director of market research firm Datang Securities.\n“XINI still is part of the pie and will continue to help lower costs for local manufacturers, but the commoditisation of Chinese products is over.”\nThis will soon take place in the name of “post order culture”, which means that China’s Internet companies will cease to compete against U.S. companies.\n“Matching major brands to local buyers may require an overhaul of the packaging and brand marketing strategy,” said Xu Sun, a partner at Xinsuchung Securities.\nThe two-year-old company, founded in 2011 by LeEco founder Han Lung, is also scouting for funding sources.\n“To remain sustainable through an increasingly competitive Internet environment and globalizing market, we need to develop our acquisitions to be more scalable,” he said.\nThe company has had to lay off a number of senior managers in recent months, raising over $150 million in a stock offering.\nLeEco had an operating loss of 1.1 billion yuan in the year to Dec. 31. It has forecast a profit in fiscal 2018. ($1 = 6.5685 Chinese yuan renminbi) (Reporting by Sijia Jiang and Jake Spring; Editing by Erica Billingham)\n']

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http://www.reuters.com/article/us-clariant-m-a-hunstman-idUSKBN18H14B

http://www.reuters.com/article/us-clariant-m-a-hunstman-idUSKBN18H14B

Chemical groups Huntsman, Clariant set to announce merger: sources

['Greg Roumeliotis and Ludwig Burger']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Chemical companies Huntsman Corp (HUN.N) and Clariant IncCLN.O will unveil plans on Wednesday to create a new firm that will be based in Dubai, the people familiar with the matter said.\nHuntsman Corp and Clariant are expected to announce the merger at a news conference, the sources said. The companies declined to comment.\nAll told, Huntsman and Clariant plan to launch a new investment fund, Madison Investment Partners, they said in an emailed statement on Wednesday.\nHuntsman and Clariant are rivals in the $27 billion chemicals and chemicals industries. Earlier this month, Clariant was forced to fire a top executive after pressuring the New York Times to remove its online ads. Huntsman is seeking to take part in a merger worth more than $100 million.\nThe $15 billion chemicals sector could be one of the primary growth markets for the U.S. government as it seeks to boost its fiscal health by driving inflation toward the fiscal 2014 target. At the same time, the healthcare industry faces delays in getting approvals.\nClariant is due to unveil a new asset by the end of the year after a $25 million underwriting round led by Goldman Sachs in October, according to two people familiar with the matter. The company has closed its second fund with Citi last year, the people said.\nHuntsman, already known for selling plastics, is working with Goldman Sachs to begin work on an A1 engineering firm, the people said.\nClariant, based in Kalamazoo, Michigan, and Huntsman Corp are both headquartered in the United States, while Huntsman is based in the Netherlands and does business with several European countries.\nHuntsman and Clariant are two of the most stable chemical companies in the world as regulators permit the sale of operations outside of the United States, with the use of strategically developed technology and streamlined capital structure.\nThey formed a group of about 130 executives in 2014 that have been building their brand, with targeted investments totaling $9 billion so far this year. The most recent Round of Over $500 Million in investment was led by Morgan Stanley (MS.N) .\nClariant, which is expected to announce its first move of growth in 2021, expanded its manufacturing facilities to 20,000 square feet in a phase-one project in Tarrytown, New York. In November, the company named Chief Executive Ryan MacDonald as CEO.\nHuntsman, the largest U.S. chemicals maker by revenue, also plans to add a new business line that includes polymers and pipe-bearing chemicals.\nThe healthcare industry relies heavily on chemical companies to cut fixed costs. As a result, pharmaceuticals and medical devices companies tend to cut corporate overhead when they are willing to lay off staff to raise prices. In addition, underperforming business lines can cost customers more in the short run.\nThough Apple Inc (AAPL.O) has less leeway due to its cheaper iPhone sales, its struggles with memory chip design have prompted it to cut thousands of jobs last year, according to a report on Reuters last month.\nDuring a meeting of late November, Health Canada Commissioner Dr. Keith Metcalf told Reuters that operating efficiencies had slowed during the last year and warned of a continued hit from rising healthcare costs.\nUp to now, U.S. and Canadian governments have barred any manufacturer from selling ingredients in health care products.\n']

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http://www.reuters.com/article/us-britain-security-manchester-idUSKBN18I2OP

http://www.reuters.com/article/us-britain-security-manchester-idUSKBN18I2OP

British police name suicide bomber, threat level raised to critical

['Michael Holden and Andy Bruce']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON/SINGAPORE/HONG KONG (Reuters) - British police said on Saturday that a bomb and terrorism suspect whom they said used machete-like weapons may have committed suicide in Britain, more than five months after the Sept. 11, 2001, attacks.\nFile photo shows James Bulger outside the Intercontinental Hotel in London, Britain, September 27, 2018. REUTERS/Neil Hall\nThe bomb was detonated by unmanned drones while under an Arabic cheer for the Islamic State militant group near the Mughal-era tomb of Prophet Mohammad, the FBI said.\nSince September, the phrase “serious threat to national security” has come up several times in police evidence lists and notices sent to police and non-emergency services, including the Islamic State website known as Daesh and the Muslim pound.\nThe threat level on Friday at the European Interpol Red Cross Interpol Red Crescent Intensive Reservation Area appeared “critical”, its chief executive officer, Barbara Cochrane, said.\n“The threat level is extremely low, which is extremely concerning,” she said.\nCounter terrorism analysts say they know of almost no other potential attacker, apart from Islamic State, based on their level of intelligence. That assessment is based on intelligence based at the London police branch.\nAfter Thursday’s bomb attack on a London train, 28 members of Britain’s best known, U.S.-trained counter-terrorism unit were interviewed for the new security step, officials said.\nLoyalist Muslims had called for a crackdown after violence against Jews in Britain of 2016 triggered warnings over civil liberties and religious tolerance, well before the Islamic State is proclaimed an actual state sponsor of terrorism.\nIn a statement in response to Britain’s announcement, Islamic State, which not only took responsibility for the Mughal-era burial of Muhammad but for blowing up trains, said Islamic State had no regrets and hoped for a peace “within the peaceful and tolerant spheres”.\nThe spokesman for Britain’s police, Major Chief Superintendent Nick Dawson, called the investigation “a matter for the British authorities” and added: “We have no suspects” and have strong security teams.\nA department spokesman declined to comment on Saturday’s announcement, saying only: “We’re looking into an incident but not the actual threat level, which means they’re not planning on any threat to national security.”\nAsked for a source of the men’s names, the spokesman said: “If someone was involved in this they’d be described as of seniority.”\nOn Friday evening, The New York Times reported that FBI and other officials took extra steps in a crucial way to ensure that any remaining information that could help Britain identify them was not shared by the British authorities.\n']

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http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18I1U9

http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18I1U9

Flynn declines Senate subpoena in Russia probe

['Patricia Zengerle and Warren Strobel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['U.S. Federal Bureau of Investigation (FBI) Director James Comey speaks during a news conference in Washington November 17, 2017. REUTERS/Yuri Gripas\n(Reuters) - U.S. President Donald Trump’s national security adviser, Michael Flynn, has declined a request by President-elect Donald Trump’s Senate intelligence committee to appear to be representing the Kremlin and have his testimony recorded.\nAlthough it is a possibility, no charges have been filed against Flynn on the matter or requested his testimony be recorded, the Senate Intelligence Committee’s committee chairwoman, Dianne Feinstein, said on Wednesday.\nFlynn, a Flynn ally, departed as the committee’s chairman after the election last month because of public disclosures that he had misled Vice President-elect Mike Pence about a memo about his conversation with Russia’s ambassador to the United States.\nFlynn, a former special adviser to President Barack Obama, resigned as White House national security adviser on Nov. 17, setting off months of drama over who controls Russia’s state-sponsored media.\nSince then, former Republican lawmakers have suggested Trump and former Secretary of State Hillary Clinton were at least partly responsible for Flynn’s abrupt departure. Former Trump campaign advisers have acknowledged that they, too, were partly blamed for the election.\nFlynn’s testimony could give Trump a fuller understanding of what he and his aides said and did to win the election but only if Trump takes responsibility.\n']

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http://www.reuters.com/article/us-cyber-attack-northkorea-idUSKBN18I2SH

http://www.reuters.com/article/us-cyber-attack-northkorea-idUSKBN18I2SH

Symantec says ’highly likely’ North Korea group behind ransomware attacks

['Joseph Menn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SYDNEY (Reuters) - Symantec said on Monday it had shared information with hackers it says it believes are linked to a group known as the North Korean North Korea organisation HNKG, which has an extensive computer network and knows where people’s money is.\nNorth Korea\'s Mainland Complex has been hit by several hacking attacks, including one last week that destroyed $1.4 billion worth of computer equipment with North Korea\'s second-in-command Kim Jong Un [NICKFAR.UL], because the group had restricted access to the country’s telecommunications network.\n“We shared (information) with other companies, institutions and other countries related to the network today,” said Steve Wright, a senior security analyst at Symantec, who was not involved in the investigation.\nCyber security firm AVG Security says it has seen an “extremely high level of interest” in the North Korean group and considers the threat to be of "catastrophic proportions”.\nThe North Korean organisation’s cyberspace network consists of millions of computers, more than a third of the country’s economy, but is at risk of disruption by its computer networks and corporate networks.\nA spokesman for a government-affiliated security firm, Deloitte, said the research shows that the organisation’s main computer network includes North Korea’s state-run Defense Ministry, which acts as the country’s economic firewall.\nChina, North Korea’s main trade partner, has warned Pyongyang it could soon face a trade war as the new Chinese president begins his five-year term. The United States and China use trade relations to help push Pyongyang closer to a nuclear deal with the five-member nuclear group.\nAccording to various reports, the North Korean group has been extending cyber capabilities that have helped the United States and its allies in recent years improve their defences against North Korea’s cyber attacks.\nCyber research expert Harald Max’s has estimated that the North Korean group covers about 15,000 to 20,000 computers and in February 2017 he made predictions for users of his own SMART project — a tactical cyber attack combining several strikes on simulated internet-connected devices with a determination to strike a world-wide magnitude-8 strike.\n“The North Korean group does not pose any threat to the physical infrastructure of a country such as North Korea, but it presents a threat to the national security of the individual computer network of a country such as North Korea,” he wrote in a note to clients.\nA Symantec source said it was not known whether the hackers’ target had connections to the organisation.\n“The identity of the attackers is unknown at this time,” the source said. “Our cyber teams, including ourselves, know most of the key information on the NDC.”\n']

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http://www.reuters.com/article/us-usa-immigration-chicago-idUSKBN18J005?il=0

http://www.reuters.com/article/us-usa-immigration-chicago-idUSKBN18J005?il=0

Chicago launches ad campaign to counter Trump’s immigration efforts

['Chris Kenning']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CHICAGO (Reuters) - The Chicago police union said on Friday it will run an $11 million ad campaign, funded by contributions from state and local residents, to counter President Donald Trump’s immigration policies.\nRepresentatives for Chicago Police Department said that the ad campaign would mainly focus on the needs of the city’s African-American community and would first be broadcast in English and U.S. television and radio markets.\nChicago Mayor Rahm Emanuel has been mired in an embarrassing election season, with the city’s councilman Trump endorsed by the FBI in November and Trump critic Black Lives Matter said it was a possible reason for the tactic.\n“Donald Trump, at least on one level, has no legal status,” Emanuel’s vice president of strategy, Maya Owens, said in a statement, adding that the Chicago Police Department, which is part of the department, could face “fraud and other legal challenges” due to Trump’s policies.\nAccording to a transcript from the union’s statement, Emanuel’s remarks and other statements come after Trump struck an administration-backed deal with the FBI on Friday to build a wall along the southern border.\nThe deal does not require approval by the Illinois Supreme Court. As the Justice Department fought the Republican president over sanctuary city policies, Emanuel vowed to find out more about the National Guard deployments and promised to fight for tighter border enforcement.\n']

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http://www.reuters.com/article/us-usa-immigration-court-idUSKBN18I2TQ?il=0

http://www.reuters.com/article/us-usa-immigration-court-idUSKBN18I2TQ?il=0

Justice Department asks U.S. judge to reconsider ruling against Trump sanctuary order

['Dan Levine']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The United States has asked a federal judge to reconsider a 2017 ruling that threw out protections for tens of thousands of residents of four states who face deportation to Mexico in a sweeping crackdown, according to a petition sent to the U.S. District Court in San Francisco on Wednesday.\nFILE PHOTO: The logo of the US Department of Justice is seen on a police van during a protest against President Donald Trump in Washington, D.C., US January 6, 2018. REUTERS/Jonathan Ernst/File Photo\nIn their written response, attorneys for federal inmates argue that President Donald Trump’s Deferred Action for Childhood Arrivals policy, which protects about 5,500 undocumented immigrants from deportation, has created a public safety “crisis” in the United States.\nThey also question the Department of Justice’s initial deportation order, which claimed those detained in immigration detention had no constitutional right to be returned to their home countries, rejecting the practice.\nWhile some details about deportation proceedings are described in a previous filing, the latest filing includes a request for a court review of the case, citing a stream of follow-up letters the Justice Department has received.\nAttorneys general across the country filed similar requests to be included in the Justice Department’s court filings in September.\nIn their petition, the attorneys say they have found “no compelling evidence” that DACA recipients have overcome restrictions imposed by President Barack Obama to protect themselves and their families, or are able to afford legal assistance to resolve their case, or that they have increased school enrollment and economic prospects.\nTheir contact with the Trump administration has been disrupted by Trump’s threat to scrap Obama-era restrictions on immigration enforcement, which limited immigrants’ ability to apply for legal residency and protects them from deportation and deferral in their deportation proceedings.\nThe attorneys noted that a 60-day halt in enforcement since Trump took office in December 2016, had been approved by a federal judge in New York and excluded immigrants from a federal database which allows border crossers to bring their immigration papers to a temporary deportation detention facility in Arizona.\nDepartment spokeswoman Heather Bormann said her department would not comment on pending litigation.\nIn the days before Trump announced his decision to rescind DACA, which affected roughly 3,000 undocumented immigrants, the Trump administration had asked the U.S. District Court for the Southern District of New York to accept the court’s initial challenge to a federal directive providing most applicants with legal avenues to challenge their exclusion from deportation.\nIn the case, the U.S. District Court for the Southern District of New York rejected that request.\nThe Department of Justice has now been asked to file a more detailed analysis of Trump’s original order, which ordered local police to put detained undocumented immigrants in “catch and release” so they could be deported to their home countries.\nThe court on Wednesday acknowledged that ICE personnel would be barred from enforcing the move if ICE took any action.\nBut in a court filing, the attorneys said police told ICE that they could only make an arrest if it knew the person had been deported to their country and that it could take months for immigration officials to reach a court order.\n']

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http://www.reuters.com/article/us-filmfestival-cannes-gore-idUSKBN18I2IO?il=0

http://www.reuters.com/article/us-filmfestival-cannes-gore-idUSKBN18I2IO?il=0

Trump can’t stop American progress on climate, Al Gore tells Cannes

['Sarah Mills']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LILLE, France (Reuters) - The United States can continue its historic, innovative climate change diplomacy and forge a better life on Earth by working closely with its friends and allies, U.S. vice presidential nominee Al Gore said on Friday.\nFILE PHOTO: U.S. Vice Presidential nominee Al Gore speaks at the British Academy of Film and Television Arts (BAFTA) Global Climate Summit in London, Britain, October 12, 2017. REUTERS/Andrew Yates/File Photo\nGore, known for his manifesto “Mad Max: Fury Road”, said the world was at an “alarming” moment, that leaders of developing countries are “not going to be able to really do anything new with fossil fuels”.\n“But I think that the devil is in the details. What Trump can, and we know that he can do very well, will in the end decide whether we’re going to be able to do what we do on Earth without getting to a place where this planet is to some degree faster than at this point,” Gore told a dinner celebrating the theme of global politics.\n“But I think that we’re living in an exciting, transformative time. And I think that we’ve got a chance to do something new that great has worked together in other areas,” Gore added.\nThe United States is forging an ambitious relationship with countries such as India to persuade them to raise their greenhouse gas emission levels to 120.2 percent by 2050 from the current 155.3 percent, according to a report by the National Climate Assessment released on Thursday.\nThe United States is also crafting a partnership to promote science and technology cooperation as well as counteracting changing climate science.\nThe document, the last major climate change framework agreement in the 21st century before the United States joined the Paris Agreement that the world agreed in 2015, underscores U.S. strengths in the role of action, some experts say.\nThe Conference of Parties (COP) group of world leaders is also exploring ways to show tangible progress on climate justice and other issues that have the potential to be big impact on the future of the planet.\nGore’s speech came a day after he visited a number of countries — including Indian Prime Minister Narendra Modi, who he praised on his visit to London last month — and introduced himself as the heir to the world’s oldest leader.\nIn France, he called on France to look forward to new generations of leaders whose contributions to climate change lay beyond their immediate thinking.\n“I will use the opportunity of this National Day to call on all our people, the world and our leaders, and not just on an immediate one-to-one, we can surely do something to build the world’s future.”\nHe said a new generation of leaders did not need to “blame others for” climate change.\n“Nothing else should be required. Nothing should be written down or rewritten. We want more than that. But we also want this world to see the changing face of world leaders, to see others who are aware of climate change in their everyday lives,” he said.\nGore’s comment was likely to raise the furor after the past week in which top Republican leaders in the United States, France and Britain have slammed Obama for failing to support continued climate change.\n']

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http://www.reuters.com/article/us-volkswagen-emissions-culture-idUSKBN18I2V3?il=0

http://www.reuters.com/article/us-volkswagen-emissions-culture-idUSKBN18I2V3?il=0

CEO says changing VW culture proving tougher than expected

['Andreas Cremer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["FILE PHOTO: Audi's personnel pose for a photograph during the 2020 Audi meeting with officials at the company's headquarters in Ruesselsheim, southern Germany, July 3, 2015. REUTERS/Thomas Peter/File Photo\nBERLIN (Reuters) - Volkswagen’s (VOWG_p.DE) new chief executive will beef up the company’s top management following a scandal that wrecked its reputation, Chief Executive Matthias Mueller said on Tuesday.\nMueller, a familiar face to investors in Germany where Germany is home to the world’s biggest auto industry, told shareholders that changes should be faster and more decisive, saying that sweeping changes were needed to ensure the company’s success over the long term.\n“I feel there are a lot of changes that are needed to make sure that the company’s efficiency is constant,” he said.\nHans-Dieter Graumann, one of seven new VW bosses appointed as the VW group’s first overhaul in nearly 30 years, will also take over as Audi’s brand chief and lead the worldwide marketing and sales side, with Koenigsegg taking over as its head of consumer affairs.\nVolkswagen, whose vast automotive empire is based in Germany, has been under fire since VW admitted in 2010 to mismanaging its diesel engines and falsifying emissions tests.\nThe crisis and confusion exposed a lack of “transparency” in Europe and potentially made the oil giant’s profitability pummeled, but also in Sweden and other industrial countries where the scandal has generated a global public outcry.\nMueller reiterated the company’s outlook for the second half of the year, saying it still expects pretax profits to remain below 2015 levels. The group had hoped it would exceed that this year.\n“We do expect, at the same time, to see improvements on top of the profit improvement that we achieved in the second half of 2015,” Mueller said.\nMueller said Volkswagen had no plans to let VW sell its industrial and research facilities outside Germany, a decision said to have been made by the company’s board at the start of December.\nThe changes in senior management will include people in charge of home and engineering, in a team that includes more junior staff at big carmakers, he said.\nVW has shed 5,100 workers or around 4.6 percent of its workforce since Mueller took charge.\n"]

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http://www.reuters.com/article/us-mexico-autos-exclusive-idUSKBN18I2OB?il=0

http://www.reuters.com/article/us-mexico-autos-exclusive-idUSKBN18I2OB?il=0

Exclusive: North American carmakers want rules of origin in NAFTA left untouched - Mexico lobby

['Anthony Esposito and Sharay Angulo']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Canadian Oil Sands Ltd (COS) Vice President Kris Casteel says NAFTA requires Canada to enter into talks with the United States on border security and automatically plant vehicles in NAFTA-free Mexico with better border security, but he wants his country to keep the status quo.\n"We are opposed to any changes in NAFTA if they do not fit the United States\' rule of origin - none other than to Mexico," Casteel told Reuters during a phone interview.\n"We do not want any changes in NAFTA that just cancel the rule of origin of vehicles in the world," he said in an interview on Monday.\nCanada\'s automotive industry last year opened up a North American automotive market, creating a profitable one that contributes about C$7 billion ($6.1 billion) to the country\'s economy a year.\nBut Mexico has fought hard to keep its auto-development rules intact, arguing that it and other suppliers are at risk if NAFTA changes.\nThe Mexican opposition calls the rule change a stand-off with its big suppliers.\nCasteel said NAFTA includes rules on critical technologies such as cell phone screens, local bird imports and automobiles that require labor unions to negotiate in a reasonable and time-efficient manner.\n"It is about making sure that everything that you have in stock or designs is developed safely and in good condition so that this does not have a negative consequence on employment, on tax base, on the tax base, and on the economy," Casteel said.\nCanada aims to build 60,000 new auto production units a year in the North American region by 2021. It is hoping to accommodate a typical automobile buyer by including autos imported from a single supplier.\nCanada has a long history of imports, but supply constraints in Europe and delays in securing Italian assembly plants have caused some Canadian assembly yards to stop making vehicles in Germany.\nTo remedy a glut of North American car production, Casteel said Canada would push for simplification of the labor rules that govern vehicle and assembly plants in NAFTA.\n"This is something that the Canadian industry is now preparing to deliver, by introducing changes to the labor rules and the industrial contracts. There are issues that would be weighed against that," he said.\nMexico would be responsible for "every move that it\'s taken to make," Casteel said.\nHe said Canada still had to look to partner with the United States on joint manufacturing practices in the manufacture of autos. He said progress had been made during the Trump administration in the "bunker buster" of getting tough on tariffs but he believed Canada was lacking in overall production issues.\n']

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http://www.reuters.com/article/us-usa-immigration-texas-idUSKBN18I2TU?il=0

http://www.reuters.com/article/us-usa-immigration-texas-idUSKBN18I2TU?il=0

Texas border county of El Paso sues to halt ’sanctuary cities’ law

['Jon Herskovitz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DALLAS (Reuters) - The chief of the Texas border county of El Paso sued U.S. Immigration and Customs Enforcement in federal court on Thursday, saying it had no authority to stop local law enforcement from enforcing the U.S. immigration laws.\nThe lawsuit, filed in U.S. District Court for the District of Texas, alleges that the government “adherently refuses to ‘solicit’ its duty under the Internal Revenue Code, an act that has passed literally every legislative page since its enactment in 1976.”\nThe lawsuit was not filed with a judge directly involved in the presidential debate over Texas’ 2015 election laws. Instead, the county is asking for a speedy trial and payment of $7.25 million in damages.\n“This lawsuit is designed to defend asylum seekers who otherwise would be locked up in federal detention facilities,” plaintiffs’ lawyers Alex Yap and Jennifer Weiss wrote in their filing.\nLaws allowing illegal immigration to flourish since the Obama administration passed the 21st Century Immigration Reform Act in 2009 have frustrated so-called sanctuary cities, which call themselves “sanctuary cities” because they require reporting of the location of their illegal residents.\nThe Texas law and actions it has signed by the Trump administration have been criticized as a violation of the U.S. Constitution and a violation of civil rights.\nThe lawsuit accuses ICE of accepting payments and gifts from local law enforcement departments to keep illegal immigrants away from the U.S. border and grounds the case.\nYap and Weiss say there is a substantial disparity between what ICE pays local law enforcement, while U.S. law enforcement states it cannot withhold payment unless that law provides protection or a waiver.\n“The city of El Paso is knowingly and willingly incentivizing immigration enforcement officers to violate its law,” Yap and Weiss wrote.\nThe plaintiffs say they seek special treatment for people receiving asylum claims and asks that ICE receive an equal representation and representation in criminal and civil investigations, including immigration prosecutions.\n']

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http://www.reuters.com/article/us-ford-motor-ceo-idUSKBN18I0LK?il=0

http://www.reuters.com/article/us-ford-motor-ceo-idUSKBN18I0LK?il=0

Ford names Hackett as CEO to tackle car rivals, Silicon Valley

['David Shepardson and Joseph White']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Ford Motor Co named Jeff Hackett as its next CEO after its failed proxy fight forced its biggest shareholder to withdraw a motion to name Tom Ward, the other current chairman of the company, as its new CEO, Reuters reported on Thursday.\nFord is seen outside its plant in Hohenbaum, Maryland, U.S., November 21, 2017. REUTERS/Eduardo Munoz\nHackett, 53, would make another pivotal role for Ford, as the fourth-largest U.S. automaker takes aim at Uber Technologies Inc’s $10 billion bid for Lyft Inc.\nThe automaker, which had already worked with Silicon Valley rivals Uber Technologies and Lyft for years, is seeking to end a proxy battle with its biggest investor and the significant challenge the takeover presents for the company.\nThe filing shows Hackett, who has a consulting experience in the auto industry, was appointed by Ford in April to replace Wayne Bell, who’s being tapped to become chairman and CEO of the U.S. company.\nFord confirmed late on Wednesday that it had hired former Morgan Stanley and Robert Rubin as its new chairman, and that it was serious about naming a new CEO.\nFord has no interest in its proxy fight for the majority of the company’s stock, despite failing to win a seat at the U.S. annual meeting of stockholders.\nA Ford spokesman declined to comment on whether it was willing to accept a higher bid from Lyft. “We’ve been running away from CEO Ford for the better part of three years,” he said.\nEnglewood, Colorado-based Lyft is seeking to secure its third U.S. head of customer service, Jeremy Woodrow. A Lyft spokesperson could not be reached for comment.\nFord had been pursuing a strategic plan that would create a so-called “Gen 4” automaker, near to its all-time record for cars. A potential rival on the horizon includes General Motors Co, which was not in the top-10 of the company’s top-10 car sales ranking and has the second-most existing vehicle sales in the United States after GM, Reuters reported last month.\nThe company, which had a 13.3 percent share of the U.S. auto market, declined to comment on the Bloomberg report.\nThe Republican-controlled U.S. House of Representatives is pursuing a new takeover attempt against Alphabet Inc’s (GOOGL.O) Google after releasing a fresh filing late on Wednesday that pushes the company to bring in a private equity giant.\nThe amended proxy statement said Ford gave “due notice” to have its board of directors “recently discussed the need to replace Tom Ward as Ford’s current CEO” and that the company made the move after the Canadian government said it would not support any merger.\nLast month, board members and special committee chairman Gabrielle Rice and Rodney Frelinghuysen withdrew their related party nominations after the vehicles’ supply chain ally, Carrier Corp (CRWT.O), withdrew its offer to purchase Ford.\n']

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http://www.reuters.com/article/us-ford-motor-ceo-stocks-idUSKBN18I2T1?il=0

http://www.reuters.com/article/us-ford-motor-ceo-stocks-idUSKBN18I2T1?il=0

Investors skeptical Ford CEO change will revive stock price

['David Randall']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A person walks past a Ford logo inside its Ford dealer in Columbus, Ohio December 9, 2013. REUTERS/Aaron Josefczyk\nTOKYO (Reuters) - Investors are wary of Ford Motor Co’s (7203.T) long-time Chief Executive Officer Alan Mulally’s chances to revive the stock, raising the prospect that he may need to reverse changes that have shaken up the company’s luxury brand.\nMulally is worried about public attitudes towards the company after two decades of reforms in areas such as high taxes and regulation of risky and risky U.S. manufacturing.\nLuxury brands such as Porsche, Daimler and Audi have been seeing improving sales at new-vehicle sales, but high depreciation costs and a family-friendly consumer culture have dampened enthusiasm among investors.\n“There’s a sense of disappointment,” said Nikkei analyst Munir Jafarazi. “Mr. Mulally will lose the numbers” after selling to Volkswagen AG (VOWG_p.DE) and remaining in the unprofitable Mini brand after Fiat Chrysler Automobiles NV (FCAU.N) sold over 150,000 vehicles in the quarter to end-November.\n“It is clear he is more committed to automaking,” said Jack Raniger, an analyst at JP Morgan.\nStill, investors questioned whether companies with large trading and strategic ties have the stamina to confront the task of fighting a recurrence of foreign dominance.\nBMW (BMWG.DE) has in recent years found a market share gain in the United States and has become one of the most dominant brands in Europe by selling almost as many cars as Chrysler, while Ford is largely profitable due to its historical contribution to gross domestic product.\nFord’s third-quarter profit came in above market estimates, helped by one-off costs as part of its $7.6 billion settlement with the U.S. government over a diesel-driving scandal.\nThe share of Ford’s luxury brands for the quarter was up to 35 percent versus the prior year, driven largely by Fiat’s Zafira.\nDaimler AG (DAIGn.DE) has been losing market share, with its home state German company dropping to eighth position.\nFord, which reports results in October, may now need to start looking to take on more familiar competitors for revenue growth.\nThe General Motors Co (GM.N) car unit reported a 23 percent rise in operating profit on improving car sales, but weak sales in China and Europe hobbled a broad quarterly results.\nMcDonald’s Corp (MCD.N) (MCD.N) said earlier this month that it would raise its 2018 profit guidance, forecasting a 3.4 percent fall in earnings before interest, taxes, depreciation and amortization (EBITDA).\nFord shares fell to the lowest level since May 2014, with the broader market off slightly after Friday’s figures. The stock has lost 8 percent in the past 12 months, compared with a 12 percent rally in the S&P 500 Index .SPX.\nRADICAL ALUMINUM\nResearch In Motion Ltd RIM.TO’s BlackBerry 10 touchscreen phone, its most recent addition to its product lineup, and a wider range of the products “does not change the outlook as a long-term investor”, said Tom Hambro, analyst at Evercore ISI.\n“Considering their scale, their lead in the market, and the widespread advantage they have,” Hambro said.\nHe lowered his rating on BlackBerry 10 to “hold” from “buy” after warning of stiff competition from rival phones. (http://insider.marketwatch.com/story/ford-chief-CEO-current-outlook-flattening-2018-01-27)\nThe world’s biggest premium-priced luxury brand said sales were about 4 percent less this quarter than a year ago, for a 4.7 percent decline, as consumers chose to shun all-inclusive purchases due to higher costs of logistics and refrigerated trucks.\n“This has been a very strong quarter with a very strong market share gain, so they’re feeling somewhat fragile,” Hambro said.\n']

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http://www.reuters.com/article/us-brazil-corruption-jbs-idUSKBN18I1TQ?il=0

http://www.reuters.com/article/us-brazil-corruption-jbs-idUSKBN18I1TQ?il=0

JBS shares lose one-third of value as investors fret over scandal fallout

['Bruno Federowski and Alonso Soto']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['MILAN/LONDON (Reuters) - Shares in JBS S.A. fell as much as one-third on Monday after it was described as “stonewalling” by two anti-corruption investigators, following revelations that the oilfield group could face over $60 million in fines.\nFILE PHOTO: The logo of the Brazilian company JBS S.A. is seen outside its headquarters in Sao Paulo, Brazil, October 15, 2017. REUTERS/Paulo Whitaker/File Photo\nShares in JBS dropped as much as 1.2 percent, the biggest percentage loss in a day, on expectations of more financial punishment for the bank because of concerns about the scale of the blow-up with legislators.\nJBS S.A. and executives have denied wrongdoing, saying they only reacted as one person decided that the investigations would hurt profit.\nThe Swiss company is also under growing scrutiny after two Senate investigators are understood to have found it likely that employees were complicit in pressuring employees to enrich themselves by paying bribes to secure oil contracts with foreign companies.\nJBS S.A. put itself on the market on Monday with its main-selling industrial gas division, which is making engines and turbines that draw energy from its iron ore and petrochemical business. Shares in JBS S.A. edged down 0.5 percent at 757 pence.\nThe shares were down 4.7 percent at the end of the trading day.\nRivals, including French group CofE (COCE1.SA), have also admitted to wrongdoing including paying bribes in Brazil and Switzerland.\n“It is not clear when the regulator will do its job, and how it will protect the interests of consumers of the brands it deals with,” Hennes & Mauritz AB (HMW.N) said on Monday.\nOther sectors in the top-rated JBS portfolio also fell, with cash stocks hitting a three-year low as investors worried about the impact of the scandal on the group’s financial performance.\nThe biggest losses were seen in chemicals maker TPV Plc (TPV.L), which fell 4.2 percent on worries about accounting irregularities in its smelting business and lower pricing pressure in its petrochemical business.\nJBS suffered the biggest one-day fall at Banco BPI (BBVA.S), down 5.5 percent, after the pension funds of top bidders for the proposed M&A of its fashion retailer Ermenegildo Zegna NGVI.C to Russia’s Novo Nordisk (NVO1.T).\nCAPITAL SPENDING\nCorporate-wide earnings could suffer as well after some companies cut expenditures in the wake of legal headaches.\n“The investigation is going to give the regulator a bad name,” said Chiara Correa, managing director of investment bank Santander Brasil, adding that some European companies have too “impossible” to enact costly regulations in the wake of these headlines.\nThe investigation includes hiring Austrian attorney Federico Gilisio and doctors at Pincus Hospital Zurich who were part of the Interpro group that made a $129 million acquisition of the UK coffee chain Mondelez’s Darty unit, which could result in increased charges.\nThose comments are among the areas recommended by eight anti-corruption regulators, including France’s Saatchi & Saatchi and Italy’s Eurostat, the regulator tasked with investigating the scandal.\nFaced with the possibility of an increase in punishment, some bankers said they could “suggest a longer timeline” to implement the recommendations.\nThe regulator is reluctant to levy more fines because it could be seen as tightening the screws on banks involved in the scandal, including unions. (bit.ly/2nM56Hl)\n“We can’t predict or justify, if I was a banker, how severe any penalty might be,” said BNP Paribas analyst Karl-Myer Hörper.\n“I think the level of fines will be heavily dependent on policy issues (the manipulation of unlisted entities), and I think if they are, they will always be limited.”\n']

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http://www.reuters.com/article/us-brazil-corruption-idUSKBN18I17W?il=0

http://www.reuters.com/article/us-brazil-corruption-idUSKBN18I17W?il=0

Brazil President Temer: ’I won’t resign. Oust me if you want’

['Silvio Cascione and Anthony Boadle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BRASILIA (Reuters) - Brazilian President Michel Temer said on Wednesday his “dream man” would step down before he turns 65, delivering a scathing condemnation of the tax ouster of union leader Roberto Mujica during a political battle for the country’s largest-ever leader-in-office.\nFILE PHOTO: Brazilian President Michel Temer speaks during a news conference at Cihang Stadium, Brasilia, Brazil, December 15, 2018. REUTERS/Nacho Doce\n“If that means I will resign, I will do it but if that means I won’t resign, then who is the opponent? I won’t resign,” Temer said at a news conference in Brasilia.\n“Maybe he started a campaign that is aiming for what I experienced when I made the phone call for good intention in 1987, or he started a campaign that is aimed at using me.”\nConfronted with demands that his presidency, which lasts until 2020, be called off or suspended, Maduro was defeated in Friday’s election and the speaker of Congress will have to rely on a special congressional seat to call a vote.\nForeign Minister Didier Reynders later said he was not acting on behalf of either side in the dispute.\nIn his interview with FADEC Radio, Mujica reiterated his call for three political parties to do “nontraditional work” before going into the government.\n“I did not expect for myself that I would be targeted. But I did think there was going to be a battle that would succeed me,” he said.\n“If we fight, fight, fight, fight — and that is not going to happen to the country now,” he said.\nFILE PHOTO: Brazilian President Michel Temer attends a news conference during a campaign tour of Brasilia, Brazil December 18, 2018. REUTERS/Nacho Doce\nThe prime minister held a meeting with Mujica on Wednesday and will meet with lawmakers to discuss the case before deciding whether to call a vote on his future.\nThe debate surrounding candidates runs on Tuesday in the lower house of Congress, after leftist candidates retained half of the seats they won with poor opinion polls in a September election.\nFILE PHOTO: Brazilian President Michel Temer speaks during a news conference at Cihang Stadium, Brasilia, Brazil, December 15, 2018. REUTERS/Nacho Doce\nTensions between the two rivals flared in mid-November after Mujica warned in a newspaper column that the president would not tell him anything about a proposed tax collection raid on pension funds.\nTemer had found another option to entice Mujica to quit, asking him to resign as a top treasury aide if the president’s trust in him soured. Mujica has denied he had anything to do with the tax raid.\nSeveral labour unions said he had offered to resign for good only after a meeting with the leader’s chief of staff. His office has denied any conversation between them.\nMexican opposition leader Vicente Fox criticized Temer for not ruling out a political solution.\n“In Brazil, he never wrote an explanation,” Fox told Reuters. “Instead he simply greeted our vice president.”\n']

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http://www.reuters.com/article/us-ford-motor-ceo-hackett-idUSKBN18I1ZV

http://www.reuters.com/article/us-ford-motor-ceo-hackett-idUSKBN18I1ZV

New Ford CEO Hackett transformed Steelcase, football program

['Paul Lienert and Alana Wise']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - New York Jets quarterback Mark Sanchez has informed the company that his Twitter feed is partially obscuring the full text of a letter Hackett, Ford’s chief executive officer, wrote to the company last year, the company said on Thursday.\nNew York Jets quarterback Mark Sanchez (R) arrives to attend a news conference for the 2017 NFL football game between the New York Jets and the Minnesota Vikings in Fort Lauderdale, Florida October 2, 2017. REUTERS/Edgard Garrido\nOther recent tweets in the account include links to Twitter-released photos of Sanchez.\n“We can’t tolerate negativity to the slate of things that are happening, which is why we have removed the tweets and the text,” said Mark Hackett, Ford’s chief executive officer, in a statement.\nSeveral world soccer clubs have also changed their security policies, including England’s FA Cup game with Swansea City in February, according to the statement.\nHackett, a former NBA player, is scheduled to be interviewed by Chief Operating Officer Robby Fennell at the United Nations General Assembly this weekend, according to a source familiar with the situation who asked not to be identified because of the sensitivity of the issue.\nIn an interview last year, the Jaguar Land Rover executive said the company, because of a spate of ethical-related incidents, should be required to undergo full security upgrades.\nHackett’s campaign grew in the run-up to the Jets’ playoff victory over the San Francisco 49ers last season, and subsequent owner Woody Johnson issued a public apology.\nFord’s troubles with sports fans began in 2014 with software found in the trucks and cars of 40 owners of the 2017 Ford F-150 pickup truck brand. The software set off a firestorm with 10,000 complaints and more than 1 million tweets about the problem.\nThe software depicted jaguars carrying a collar on the tailgate and sent reactions from fans ranging from discontent with the sport’s on-field reputation to anger at the way it should be carried.\nHackett left the company early this month. The auto supplier sent employees telling them it was working to “demonstrate that we are not scared of hate or violence” while attempting to protect riders, according to the company statement.\nFennell sent the same message to the company in November, according to a person familiar with the matter who asked not to be identified because of the sensitivity of the issue.\nCompanies with social media accounts that take public Twitter comments can fire moderators whose comments generate negative comments under a moderation policy, according to The Wall Street Journal.\nFord’s stock fell in early 2016 as the company lost its luster after the Andrew Luck scandal led to distractions for company executives and analysts. Since then the company has cut costs by hiring more executives and axing several marketing and sales executives, and recruited just one full-time CEO.\nFord’s shares have fallen 11 percent in value since the scandal, their lowest level since 2013.\n']

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http://www.reuters.com/article/us-ford-motor-ceo-breakingviews-idUSKBN18I20U

http://www.reuters.com/article/us-ford-motor-ceo-breakingviews-idUSKBN18I20U

CEO ejection hardly gets Ford back in the race

['Rob Cox']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Chief Executive Mark Fields charged Ford (F.N) on Thursday that $4 billion in furlough pay and another 150,000 layoffs are responsible for about 70 percent of losses, and the company is out of touch with customers.\nFor more than a year, Ford CEO Mark Fields has tried to negotiate pay for its 1.3 million workers by requiring wages at some companies of almost 1.7 million, according to published reports and by CNN.\nBut Fields is "disappointed" that the company is in a power struggle with customers.\n“These are decisions that we are going to make about changing the way we do business,” Fields told analysts on an earnings call, referring to compensation by independent third parties that are paid by the company.\n“The numbers that you see when you’re looking at Ford today are nothing short of phenomenal,” he said, adding that his plan to renegotiate the Ford pay scale is in full swing.\nFord has been cut from 1.9 million to 900,000 employees, and the company is in the process of adjusting the pay and "earnings accrual amount" at one of its major global brands.\nFields said the chief driver of overall costs was reduced by another 8 to 10 percent across the company, which is very similar to what he gave in his annual letter to shareholders in November.\nOne of the largest automaker\'s main profits in the last few years has come from Ford shares, which are up some 15 percent since the fourth quarter of last year, despite some concerns about headwinds like the declining sales of the Saturn brand.\nOn Thursday, many investors had hoped the increased pay has helped lower Ford\'s cost-cutting, which is seen as the main driver of its future growth.\nBut Fields acknowledged that they have to "make a work of things, they have to drive to profitability" -- with margins likely to be at the bottom.\n“I don’t believe we are creating a comp culture here. We’re just making a workforce where we are the best we can be,” he said.\n“We are going to make every effort to minimize the cost, and that will have an impact on the bottom line.”\nFord shares, which are down 11 percent since Fields\' executive bonus proposal was put in the open, rose 0.5 percent, pushing to a 4-1/2 year high of $13.45.\n']

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http://www.reuters.com/article/us-boeing-bombardier-analysis-idUSKBN18I23L

http://www.reuters.com/article/us-boeing-bombardier-analysis-idUSKBN18I23L

In Bombardier fight, Boeing sees ghost of Airbus ascent

['Tim Hepher and Alwyn Scott']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS, Jan 1 (Reuters) - Boeing sees Iranian President Hassan Rouhani as a key player in the world’s biggest aviation project and at the centre of its next generation jetliner proposal, because of his ties to the state of Israel and rank of stock.\nBoeing took part in the second round of the Bilateral Air Treaty between Iran and the three Arab states on Tuesday, saying Iran should “obliterate” its ambitions to develop a modern commercial jetliner and suggested Saudi Arabia was at the front.\nBy focusing on Iran, Airbus sees Iran as among the key players in expanding its commercial jets in the Middle East and with Boeing’s new aero engine combination.\n“We know Iran will be a pivotal player in this very important development,” Olivier Navellier, Boeing’s programme executive director for commercial jets, told Reuters in an interview.\nAhead of the Bilateral Air Treaty signing, Iran’s aircraft makers have said they hope to complete joint development of a new state-of-the-art commercial jetliner between 2022 and 2023.\nThat would split the planet more than 90 percent between developed and developing countries that do not have the defence or support to purchase its best warplanes - from Europe’s Gripen fighters to stealth fighters in the Gulf.\n“Iran’s arrival in the programme is hardly news. They have already showed a real interest,” Dovish Nasralla, Boeing’s senior engineer in Iran, said, adding that airlines had long expressed interest in the aircraft but some for particularities.\nDovish Nasralla, Boeing’s senior engineer in Iran, said Iran’s presence in the Bilateral Air Treaty was another factor helping to foster Bilateral tourism.\nBoeing has long called on Tehran to abandon long-standing plans to launch a space-based space plane beyond its orbit and build a single high-altitude, low-cost one that could fly into space, putting it among the last known nations to use such a plane.\nNasralla said Tehran, like other countries, would remain committed to a long-term, joint programme and endorsed the Bilateral air act, which is due to expire at the end of this year.\n“We are focused on Iran’s bright future,” Nasralla said, calling Tehran’s cooperation in developing cheaper and improved technology “remarkable”.\nCompanies based in Tehran that have built fleets of military and civilian planes in recent years include Qatar Airways and Emirates, which plan to start sea and air flights of their aircraft soon.\nBoeing chief executive Jim McNerney, along with Chairman Jim Albaugh, saw Saudi Arabia as a key partner and said Tehran also added to some of Boeing’s past partnership with Airbus.\nSaudi Arabia’s ambassador to Israel, Ori Krasnietjian, confirmed that Riyadh had received the Qatar proposal. “He is pleased with the position of Saudi Arabia,” Krasnietjian said in a statement. (Reporting by Tim Hepher; Editing by Louise Ireland)\n']

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http://www.reuters.com/article/us-walmart-results-breakingviews-idUSKBN18I2JI

http://www.reuters.com/article/us-walmart-results-breakingviews-idUSKBN18I2JI

Wal-Mart’s online therapy may revive ailing retail

['Jennifer Saba']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A worker holds his hand to the eye as he takes measurements for People magazine during the New York Fashion Week Spring/Summer 2018 fashion show during New York Fashion Week, September 26, 2017. REUTERS/Shannon Stapleton/File Photo\nLONDON (Reuters) - Wal-Mart (WMT.N) has linked the online “let’s pauperize” treatment in its e-commerce business to the sale of products using tamper-resistant packaging, skirting a consumer’s concerns about protected fabrics.\nThe U.S. retailer’s UK online service Carphone Warehouse (CMG.L) is in talks with industry consultants to launch a project aimed at helping clients to respond more effectively to fears they may be at risk of being poached.\nJulie McInnes, director at Carphone Warehouse, told Reuters in an interview on Tuesday that Carphone Warehouse was taking pilot projects to help clients respond more effectively.\nCarphone Warehouse, which is selling iPads and tablets used to order materials, has heard of a 16-year-old boy who was one of hundreds of similar abuse incidents happening every year at stores across Britain.\n“We know that most young people wouldn’t have been happy with cotton and rubber or concrete to work with, because they’d become retailers,” McInnes said.\n“But we don’t know if the product designers of these incidents would have thought that those product designers were ethical ... so we’re looking at a pilot program,” she said.\n']

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http://www.reuters.com/article/us-cyber-un-northkorea-idUSKBN18I2GS

http://www.reuters.com/article/us-cyber-un-northkorea-idUSKBN18I2GS

U.N.’s North Korea sanctions monitors hit by ’sustained’ cyber attack

['Michelle Nichols']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['UNITED NATIONS (Reuters) - International monitors are now firmly stuck under a virtual wall of invisible sanctions imposed by Pyongyang, but they are monitoring increasingly serious cyber attacks, including those targeting the nuclear complex of the North Korea’s sovereign wealth fund.\nAn undated handout picture released by the International Committee of the Red Cross shows a live picture of the storage facility of an underground nuclear complex, located in a hilltop village close to the Korean War-era border city of Pulong in northern Vietnam. REUTERS/International Committee of the Red Cross/Handout via Reuters\nThe United Nations’ annual mapping, under a barrage of simulated attacks on the weekend, shows a heightened security environment for humanitarian workers and partners operating through North Korea’s inter-Korean armory.\nDuring the past two weeks, however, several days of firings of workers and attacks in critical sectors of government may have hit the global oil industry, the relief organization relief agencies working with internally displaced civilians, said the group, which has coordinated such enforcement since the 1950-53 Korean War.\n“Our job is very important,” Vietnam’s negotiator for food relief, Muimu Lu said from a city hotel in the North Korean capital where a secretive Army has vowed to meet all needed for the nation’s Winter Olympics.\nEarlier this month, Lu took part in a joint drill with South Korea’s counterpart, the Ministry of Defense, to test U.N. monitoring systems to be deployed in the next round of sanctions, which the United States is assessing.\n“We are driving as hard as we can in the U.N. system in order to do this,” Lu said at a news conference. “This is why we want to be near the end of it, the end of it.”\nU.N. investigators were investigating “suspicious software” used to enable the more than 500 workers monitoring the Ford Falcon (V600-800.N) manufactured by FCA Automotive Automobile on behalf of FCA Consumer Products, who send jets of radio frequency units (RFUs) onto North Korean military bases.\nThe military connection extended beyond the industrial base of North Korea’s military district of Minha City, long used for training and espionage, in which U.S. planes and North Korean pilots work side by side. FCA offices were temporarily closed.\nViolence at the FCA factory had cut off half a million of its customers. U.S. officials said it was one of three factories threatened with elimination by hackers. FCA Consumer Products last month said North Korea used most of its site as a honey trap.\n“There are very few tourists going to North Korea for clothing or toys,” said Steven Shim, the agency’s special envoy for cross-border payments. “It’s caused the world quite a stir.”\nThe 26 South Korean cargo ships which return for Pyongyang to sea this month and the railway routes that connect them to Tokyo and Seoul are among those seeking to satisfy safety needs.\nThe devastating side effects of sanctions on North Korea are already being felt by people who travel to North Korea for business.\nThe scandal has shaken morale at the base, a U.N. security mission that monitors North Korea and previously faced a U.N. sanctions embargo, a department of internal affairs office, and the country’s small private firms.\n“The (North Korea) presence is a public safety concern and makes military action much more difficult,” University of Louisville professor of environmental medicine Leslie Benkert said.\n']

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http://www.reuters.com/article/us-fox-lawsuits-idUSKBN18I2F6

http://www.reuters.com/article/us-fox-lawsuits-idUSKBN18I2F6

Scandal-plagued Fox News hit with more lawsuits in U.S. court

['Daniel Wiessner']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON A lawyer representing U.S. businessman Roy Cohn, whose actions on the left frequently triggered a backlash against Fox News, is suing the network over its coverage of him, a federal judge ruled on Tuesday.\nThe lawsuit, filed in U.S. District Court in Washington, seeks to stop Fox News from handling its own accounts of what it reported when it disclosed the accounts, which were public records from a time when Cohn said he was not a careerist or therefore not a subject of work.\n"Much is at stake here," the lawsuit said. "The issues that have been resolved are just not fairly resolved."\nCohn never pleaded guilty to a single charge before leaving the White House. His employers would not comment.\nIn a lawsuit filed on Thursday in federal court in Washington, Cohn alleges Fox\'s "aggressive promotion of his purported departures" prompted Mr. Fox to publish a "stunning series of misleading stories, racist articles and widely interpreted coverage in the media about Mr. Cohn, the founder of Cohn\'s Midwestern [First Amendment protected] Chamber of Commerce organizations, candidates, and political candidates."\nIn a statement, Fox News spokesperson Shai Price said: "Right now, the entire story is in the hands of the Federal Complaint Review Board."\n(Reporting by Daniel Wiessner; Editing by Cynthia Osterman)\n']

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http://www.reuters.com/article/us-usa-budget-idUSKBN18I26X

http://www.reuters.com/article/us-usa-budget-idUSKBN18I26X

Trump seeks to slash $3.6 trillion of spending in austere budget

['Roberta Rampton']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump is seeking to slash spending across a broad swath of the federal government to outpace a $3.6 trillion cut as he pushes to overhaul the tax code, tie spending to national security and deport illegal immigrants, a sign that the president is not eager to limit his sprawling arsenal of strategic weapons.\nFILE PHOTO: Trump meets with members of the media before delivering a speech in the Roosevelt Room at the White House in Washington, U.S., December 3, 2017. REUTERS/Joshua Roberts/File Photo\nTrump took office in January and has since vowed to rework a landmark tax plan designed to benefit the wealthy. Those new proposals could add an additional $300 billion to the deficit over a decade, or force lawmakers to agree on new spending or force them to rewrite a tax code.\n“If I have the specifics that we need to reduce spending, frankly you can expect it to be at least a 20 percent reduction,” Trump told reporters in the Roosevelt Room.\nThe new look combined with other Republican attempts to increase social programs would cut spending at agencies that receive federal funds and the military, the Department of Health and Human Services and the Federal Highway Administration, leaving billions of dollars for other programs.\nTrump pledged to tackle the shortfall in tax cuts in 2018 and 2019, but also warned that slashing the American Dream he envisioned in the tax legislation’s main proposal would hurt the American middle class.\nHis pledge of cutting spending drives up one-third of what lawmakers are counting on to pay for tax cuts and reforms, however. The bill includes far fewer federal dollars for pharmaceuticals, medical devices and agriculture, making it hard to enact substantial tax cuts.\nA subcommittee of the Senate Finance Committee was trying to hammer out a compromise agreement in the near term. The House of Representatives is expected to act on the proposal next week.\nThe new taxes would reduce the deficit by $1.35 trillion over 10 years, thanks largely to lower capital gains rates on new investments, as well as a new program to make the dividend tax rates on American stock and bond holdings public.\nLawmakers and Trump are laying the groundwork for the automatic budget cuts set to kick in in the new Congress in late February, according to U.S. Treasury officials familiar with the talks.\nCombined, that would reduce debt to almost the level of 2014, yet inflation remains very low. About $3.4 trillion in spending is required to balance the government over the decade, meaning lawmakers would have to chip in several more dollars from new taxes.\nA “crust” of the budget cut plan has more than doubled the public deficit, as the new Congress uses its financial assets to pay for the tax cut.\nIt would total $39 billion less than Trump inherited from Democrats in the 2015 campaign.\nAnd with Congressional approval for the measures on hold or defunded, they face little resistance from Trump, who has been more circumspect about extending them.\nThe vote to move ahead was 52-47 in the House on the proposal, with Republicans opposed by Democrats. A hearing was set on the Ryan administration’s plan to end current tax and entitlement programs.\nThe massive cuts in the budget would set a stark precedent for lawmakers in years to come as they follow the Bush-era tax cuts that nearly crashed the economy, angering many middle-class and small-business owners and forcing many Republicans to do little to revive jobs.\nEven if the Senate bill becomes law, the administration says it would “reject the President’s plans to significantly scale back or eliminate the debt limit without raising taxes on the American people or investors.”\nHouse Ways and Means Committee Chairman Kevin Brady has vowed to oppose the two-year measure unless it contains additional spending cuts for corporate tax cuts.\nSlideshow (2 Images)\nBut on immigration, the White House said it has called on lawmakers to shift the focus from granting executive amnesty to comprehensive immigration reform.\nIn September, lawmakers confirmed U.S. officials have referred several detention centers at the United States-Mexico border to authorities if they decide they need to forcibly remove as many as 11,000 people in detention.\nUntil now, the Democratic-led Congress had sought to focus more on border security and regular enforcement rather than the budget cuts.\nRepublican-led Congress, which passed the 2018 tax cuts as an Obamacare repeal last year, will still need to reconcile the budget cuts with debt reduction policies. But Republicans are planning an “everything but the G.O.P.” tax cut package in the near term to trigger the automatic spending cuts.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKBN18I1BT

http://www.reuters.com/article/us-usa-stocks-idUSKBN18I1BT

Wall Street ends up; defense, tech stocks a boost

['Caroline Valetkevitch']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The broad S&P 500 index ended higher on Thursday as investors hiked bets for higher interest rates and a bull market recovered after three of its biggest losses in a year.\nInvestors buy Treasuries at a Treasuries auction in New York, U.S., January 1, 2018. REUTERS/Brendan McDermid\n“I think that people are buying it. There’s a lot of expectation there’s a future where they’re going to pay higher interest rates,” said Charlie Cavanagh, portfolio manager of Siera Capital Management in Santa Monica, California.\nEquities have been roiled by concerns about an escalation in the North Korea nuclear and missile threat, with the U.S. budget debate weighing on investor sentiment. U.S. stocks closed down 3.8 percent in January.\nWith investors fearing higher rates, the S&P 500 rose 3.4 percent last month, the best gain since June last year.\nThe benchmark index reached a three-week high above 18,500. However, investors moved back into riskier assets on the back of fears over a potential second U.S. government shutdown next week.\nRetail stocks are heavily outperforming a broad selloff of U.S. stocks since June after the Federal Reserve raised interest rates last month in hopes of stimulating inflation and boosting growth.\nGold gained to its highest level in a year amid what it sees as an acceleration in the U.S. economy with weak Chinese growth.\nThe S&P Dow Jones Industrial Average .DJI closed up 36.69 points, or 0.18 percent, at 22,709.92. The S&P 500 .SPX closed 1.9 percent higher, its strongest session since November 2016.\nAdvancing issues outnumbered declining ones on the NYSE by 2,736 to 751, for a 1.39-to-1 ratio on the upside; on the Nasdaq, 1,907 to 2,382.\n']

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http://www.reuters.com/article/us-usa-court-kraft-heinz-idUSKBN18I1SZ

http://www.reuters.com/article/us-usa-court-kraft-heinz-idUSKBN18I1SZ

U.S. top court tightens patent suit rules in blow to ’patent trolls’

['Andrew Chung']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN FRANCISCO (Reuters) - U.S. District Judge Tanya Chutkan has issued a ruling allowing a federal lawsuit against Harvard University and Google Inc (GOOGL.O) to proceed after she ruled that the ban on intellectual property protected by patent law may not apply to what is known as patent trolls.\nFILE PHOTO: Lawyers wearing patent pads talk in this October 10, 2014 file photo. REUTERS/Molly Riley/File Photo\nChutkan issued the ruling in a case filed by the U.S. Patent and Trademark Office and the U.S. Meritorious Patent Employers Association (Shirinip), which accused patents that cover techniques used to create and distribute physical goods.\nThis patent “belongs to a subset of patented inventions that have been commercially available or for long periods of time,” Chutkan wrote in her ruling, the U.S. 9th Circuit Court of Appeals ruled on Friday.\nA separate patent “belonged to a subset of patents that have been commercially available or for long periods of time,” the ruling said.\nChutkan wrote in a 58-page opinion, ruling that patent trolls and other “fraudulent patent repair merchants” have traditionally claimed an interest in protecting personal information, trade secrets and copyright. But since early 1990, as patent litigation against foreign patent violators has shifted toward lawsuits against companies offering copying services, invention data and databases, firms have relied on infringing technology to generate revenue.\n“Today’s ruling vacates the kind of absence of protection that innovation enables,” said Jennifer Wolf, an attorney at the plaintiff’s firm Doyle law firm in Boston. “Legal action against patent trolls who try to extort money from U.S. corporations does not seem fair to traditional patent holders.”\nIn its statement, Shirinip said that lawsuits based on the ruling are not an option but that patent law requires government action. It declined to comment on Thursday’s decision.\nAt issue in the patent troll lawsuit is a woman named Alice Anderson who sued Cambridge, Massachusetts-based NRW Corp (NRW.N) in February 2013 over data on natural gas drilling in the Caspian Sea. She claimed the company’s patent also covered buoys used to transmit onshore information to children and foreign nations.\nThe lawsuit brought in 2011 by a then-employee of the Red Oak, Minnesota-based NRW allegedly had created a Web application called Clean Energy for drilling exploration on the world’s largest shale gas deposit in the Sakhalin Island in the Marianas Sea.\nIn December, the federal court for the Northern District of California ruled that the lawsuit against Honeywell Co (HON.N) over a sensor on a Deepwater Horizon rig in the Gulf of Mexico and its diesel generators must be dismissed. The judge allowed for at least a partial review of the claim to continue into the future as questions were raised over whether the cloud-based software could be abused to exploit existing intellectual property in this type of case.\nThe actions of scientists, activists and individuals, including the authors of “Solaris,” a 2012 study that found that the electronics parts printed in computers and mobile phones had an addictive quality, came to light via the mass production of the technology.\nChutkan issued an order in May 2017 allowing the sale of some of Honeywell’s products to multiple U.S. government agencies, including the U.S. Treasury Department.\nShe also lifted a ban on the sale of products manufactured by a U.S. government agency to companies seeking to sell their own products in the U.S. market. Chutkan said this “enabled the decline in the commercial value of the intangible products of the U.S. government.”\nShe gave no timetable for declaring that the patents are still valid, nor would she rule on whether such a ruling should be made permanent.\n']

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http://www.reuters.com/article/us-morgan-stanley-agm-idUSKBN18I2CP

http://www.reuters.com/article/us-morgan-stanley-agm-idUSKBN18I2CP

Morgan Stanley shareholders approve executive compensation plan

['Olivia Oran']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - At least seven shareholders recommended on Wednesday that Morgan Stanley (MS.N) pay up to $200 million to settle proxy fight with several of its top executives.\nFILE PHOTO: Two witnesses sign an amendment seeking to prevent Shareholder Proxy Law from affecting Shareholder Proxy Law in this April 27, 2012 file photo. REUTERS/Michael Lanchee/Files\nThe other shareholder meetings were held at the firm’s offices in Manhattan.\nMorgan Stanley said it has appointed Trevor Stott to serve as chairman of the board of directors and “chairman” of its outstanding Nomura Securities-Lenovo equity investment vehicle, and has hired Bruce Peter, who joined Morgan Stanley’s technology unit from investment banking, to serve as an independent director.\nThe resolutions, passed by at least 69 percent of outstanding shares, were put before a proxy meeting on Tuesday. Sixty-two percent of outstanding shares had to be recalled and 250,000 shares had to be dissolved from that chamber.\nIn a separate vote, shareholders voted against a proposal that would have required Morgan Stanley’s board to publicly disclose what percentage of its board is independent.\nJames Collins, a spokesman for Morgan Stanley, declined to comment on the vote. However, in a statement, stockholder activist Nelson Peltz called the settlements “a victory for Morgan Stanley.”\nTensions boiled over after Peltz’s anti-Morgan Stanley Equity Foundation filed a lawsuit accusing the insurer of unfair trade practices by forcing big shareholders to vote for nominees. It has recently said Morgan Stanley has resisted efforts to nominate new candidates and it will likely pursue shareholder lawsuits against its board.\nTensions are heating up among top institutional shareholders at Morgan Stanley, where investor lawsuits have followed a hefty cash outlay and generous pay packages for top executives that have created a backdrop of large social unrest.\nStuti’s reputation has also turned against him. For the 2012-2017 academic year, board members received less than half of those salaries, a significant change for a Wall Street bank whose most high-profile employees have received less than their pay for the past seven years.\nAmeer Rubaiah was paid a total of $1.65 million, equivalent to roughly $300,000 a year. Total compensation to his peers fell to $533,030, according to a proxy review of compensation.\nMorgan Stanley has also acknowledged that an anti-Peltz post has become a litmus test for board members, a breach of shareholder policies designed to influence leadership, leading some to demand more from the firm in the proxy contest.\nPeltz, along with some of his Pershing Square counterpart Ron Burkle, have said the charges made against executives at Morgan Stanley reflect poorly on the independent directors who produce and approve the firm’s strategic direction. Peltz has pushed shareholders to seek stronger separation regulations.\nDespite those weaknesses, a proxy committee took aim at Apple Inc’s new board of directors’ perks, recommending that the firm pay up to $6 million to settle the proxy contest on Tuesday.\nPeltz, who has previously lobbied against bank bailouts, is a proxy committee member.\nThe committee’s chairman is William Daly, a California state senator, which members often represent. Nine of the 13 current directors have said they would vote against reform. Several are independents, including Chalk fault for having insisted on standards for nominees to be paid in installments.\nMadagascar’s five-member board, which Peltz and Burkle joined in 2012, has called for change but has not advanced major resolutions. The top decision-maker after Saturday’s election is Gregory Ignazio, the former Morgan Stanley board member who had been at odds with his peers.\nIn making the proxy statement, the committee highlighted a 2016 decision by Morgan Stanley to change the way it rewarded the 10 percent of its board ranked in its most recent proxy application to benefit from increased compensation.\nAs part of the resolution, Penner, the former Morgan Stanley chief executive, had to withdraw the nomination of Timothy Wise, the former head of sales, service and marketing. Penner had been promoting Wise as his successor.\nWhen, in an effort to appease shareholders who were disappointed in Wise’s compensation, Penner lost, Wise was reassigned to the regional head of asset management, the company’s largest division, the bonus pool. Penner is also terminating Wise’s insurance policy.\n']

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http://www.reuters.com/article/us-usa-telecoms-index-analysis-idUSKBN18I2EU

http://www.reuters.com/article/us-usa-telecoms-index-analysis-idUSKBN18I2EU

S&P may disconnect the telecom services sector index

['Sinead Carew and Trevor Hunnicutt']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The global S&P 500 telecom-industry index could be hit by a major quarterly shake-up when the major index on Friday closes below 10,000 for the first time since 2007, U.S. and Canadian stocks said.\nFILE PHOTO: The S&P 500 is pictured at lunch in Tokyo, Japan, January 5, 2017. REUTERS/Toru Hanai/File Photo\nThe S&P 500 is currently down 3.6 percent in its third month and 0.7 percent on the year, leaving it some 500 points below its January 2015 high.\nThe tech-heavy Nasdaq index has also posted three straight months of losses and has closed below its January 2015 high of 1,465.42 points set on Jan. 20, 2016.\nBanks and financial stocks — particularly the S&P 500 sectors — typically deliver higher-than-average valuations, and the S&P 500 will now face a test test of its 200-day moving average as the most expensive of its 29 technical environments approaches its 200-day moving average.\nGiven all the ways technology stocks ride the ups and downs of the U.S. equity market and economic growth in Europe, a sudden restructuring of the sector index, as well as “price shock,” could lead to large losses across stocks, analysts and investors at HSBC, S&P Capital IQ and Sanford C. Bernstein said in a research note.\n“This could impact earnings-from-profit margins in Europe, China and the U.S.,” HSBC said in a research note.\n“We believe that a disruptive disruption might in the end hit our expectations.”\nIf that occurs, analysts at J.P. Morgan, Citigroup and Bank of America have been bullish.\nBROADER CAPITAL\nSeveral trade conflicts have played a large role in disrupting the tech sector this year, which has seen pressure from the likes of tech giants Amazon.com Inc, Netflix Inc and Snap Inc, with a slowdown in new store openings and online customers cutting their spending in a slowing economy.\nBut the still stable economy has done little to discourage investors who have flocked to sectors such as telecommunications and entertainment.\nShares of Facebook (FB.O) rose on Wednesday after the social media company reported a narrower-than-expected loss for the fourth quarter and extended its forecast for the coming quarter.\nApple (AAPL.O) rallied 4.6 percent on news that the iPhone maker is adding to its production of smartphones with a lower-end model. The firm’s shares are up 7.5 percent this year, but trade near a two-year low.\nThe S&P 500 telecom sector index was up 2.4 percent on Wednesday, the most since September, helped by more than 2.5 percent jump in the service provider sector in the fourth quarter.\nTakeover chatter on the stock market has calmed somewhat in recent weeks as security concerns have dissipated. Earlier this week, the IPOs of the publicly traded M&A firms were back to pre-bubble levels after selloffs that piled up so much buying that not a single security issued a new initial public offering.\nThe M&A rumors — stoked last week by the U.S. Federal Trade Commission’s investigation into insider trading — have already impacted the sector this year.\n']

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http://www.reuters.com/article/us-usa-trump-israel-idUSKBN18I0BB

http://www.reuters.com/article/us-usa-trump-israel-idUSKBN18I0BB

Trump says concerns about Iran driving Israel, Arab states closer

['Steve Holland and Jeff Mason']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: U.S. President Donald Trump speaks about the recent setbacks in Syria during a news conference with Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Israel, July 15, 2017. REUTERS/Ronen Zvulun/File Photo\nWASHINGTON (Reuters) - President Donald Trump on Tuesday said concerns about Iran driving Israel and the Arab states closer to the Islamic State group were not due to recent Israeli-Palestinian violence but more of their own national security concerns.\nSpeaking after his first meeting with Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Trump said Trump was “very disturbed” by recent events in the Middle East and that Israel was being threatened by growing Saudi Arabia-backed opposition to American policy.\n“What I don’t think is cause for worry for our country, as Israelis and Arabs,” Trump said. “And we’re being threatened by others, which is great news, because of all of that.”\nTrump will take part in an annual report card on U.S. foreign policy ahead of a vote later on Tuesday on a national security bill, making it one of four U.S. priorities for the session.\nTrump, on the trip, proposed broad new powers for the United States and Israel to counter the “pro-Israel” forces of Iran that Ankara views as collaborating with Tehran’s regional allies.\n“We’re going to ask you to work with Israel more effectively. We’re going to look at your budget more closely,” he said.\nTrump’s signalled alarm about “regional terrorism, the complete destruction of Israel and the continued destruction of this country,” he said.\nIsraelis and other U.S. lawmakers are concerned about their security following a string of attacks blamed on Palestinian militants.\nTrump said Washington would review its response, a move that is likely to prompt more worry from European allies about ongoing Islamic State militant attacks in the region.\n“There was some domestic arguments going on about how to protect Israel on the issue of the state of Israel and the U.S. Jerusalem plan, and we looked at that, and there’s also domestic arguments going on about how to protect Israelis and the U.S. Jerusalem plan,” he said.\nAsked whether he was concerned about Iran and its continued violent domestic support for the terror group, Trump said the United States would study the concept of Israel’s security and its relations with foreign powers.\n“We’re looking at that aspect too,” he said.\n']

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http://www.reuters.com/article/us-iran-rouhani-idUSKBN18I1M9

http://www.reuters.com/article/us-iran-rouhani-idUSKBN18I1M9

Rouhani says regional stability impossible without Iran

['Parisa Hafezi and Bozorgmehr Sharafedin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['KHARTOUM (Reuters) - President Hassan Rouhani said regional stability would be impossible without Iran’s constitutional separation from its regional rival Saudi Arabia, Iran’s deputy foreign minister said on Friday.\nIn an interview with an Iranian reporter, U.S. President Donald Trump said on Wednesday he did not think sanctions over Iran’s ballistic missile programme would ease the flow of arms to regional militants, in an indication Tehran is pursuing an open confrontation with Tehran.\nRelations between Riyadh and Tehran worsened in recent months after Saudi Arabia accused Iran of trying to hack the Saudi government’s communications.\nHassan Rouhani told the channel: “[Foreign] ministers meet to discuss the issue ... and many countries are interested to understand what Iran does.”\n“We do not exclude a confrontation with Riyadh. I told my counterparts that countries like Qatar and Oman did not like the policy,” he said.\n“The negative policy of the new Iranian foreign minister ... is of regional dangers to Iran, not just Saudi Arabia ... [We hope] it will not succeed.”\nRouhani has met with Saudi leader Crown Prince Mohammed bin Salman on a number of occasions since beginning his presidency in 2015.\nHe has met with several other Arab leaders including Morocco’s King Mohammed, Yemen’s King Abdullah, Egypt’s President Abdel Fattah al-Sisi and Syria’s President Bashar al-Assad.\nAsked if the government of Qatar or the Gulf states might offer dialogue with Tehran regarding sanctions, he said: “I don’t have a comment to make about Qatar.”\n']

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http://www.reuters.com/article/us-russia-cyber-banks-idUSKBN18I0VE

http://www.reuters.com/article/us-russia-cyber-banks-idUSKBN18I0VE

Hackers hit Russian bank customers, planned international cyber raids

['Jack Stubbs']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['KIEV (Reuters) - Cyber criminals used Russian hackers to steal the personal data of hundreds of thousands of customers from the BNP Paribas bank, a leaked internal bank document showed on Tuesday.\nThe leaked file, apparently written by the Kremlin, was compiled with instructions, and appears to show BNP Paribas staff executing “systemic operations” in the Russian Federation.\nThe hackers used a combination of machine learning and its intelligence to “exact within minutes” the stolen records. In the stolen account details of over 1.8 million BNP Paribas customers in the “active and verified terrorist channels”, the hackers “carried out a plan to mine data through a series of fronts which breached the organization’s financial integrity”, according to the document, published by WikiLeaks.\nThe BNP Paribas staff triggered the attacks, but not yet publicly identified the employees. The bank and investigators declined to comment.\nAccording to a report in the Financial Times, the hackers plan to go toe-to-toe with Russian intelligence over the next 10 years in Russia and Ukraine.\nRussia’s intelligence service, MICEX, said a similar plan has been used elsewhere in Western Europe, including the United States.\n']

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http://www.reuters.com/article/us-usa-court-voters-idUSKBN18I1SG

http://www.reuters.com/article/us-usa-court-voters-idUSKBN18I1SG

Supreme Court tosses Republican-drawn North Carolina voting districts

['Lawrence Hurley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: An employee of Cherokee County Elections Inc. greets outgoing Republican South Carolina Governor Roy Cooper (R) and incoming Democratic Governor Nikki Haley during a news conference at the county elections offices in Harrison, North Carolina, U.S., October 29, 2017. REUTERS/Brian Snyder/File Photo\nNEW YORK (Reuters) - A U.S. Supreme Court panel on Tuesday struck down Republican-drawn South Carolina voting districts, ruling that Republican-drawn communities that won election challenges did not qualify for federal assistance because they discriminated against minorities.\nThe justices reversed a lower court ruling that in favor of two Republican-drawn districts in North Carolina, allowing new districts in poor areas such as schools and hospital patients to remain in the state under the federal Voting Rights Act.\nSupreme Court Chief Justice John Roberts and Justice Anthony Kennedy, the two most liberal justices on the court, said local election officials in those districts violated state law because they had had racial discrimination in the name of voting rights.\n“The plain language of the constitution does not permit many people, very few people, to define ‘race’ as a term,” Roberts wrote.\n“Even absent this extraordinary alteration to our conception of race, the Constitution does not allow anyone to define ‘race’ as a term” because of their race, Roberts added.\nThe challengers challenged the two races. In an Oct. 19 filing, Democratic attorney Daniel Davidson contended that both districts constituted racial gerrymandering and failed to properly reflect the new map approved by a majority of voters.\nThe case went to the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., on Monday.\nState representative Steve Smathers and state Senate President Pro Tem Kevin Klein, both Republicans, launched legal action against the two districts and placed a hold on them, according to a filing by attorney Marc Steinberg.\nThe districts had also been denied federal money to pay for building repairs on them and for infrastructure costs, which could have contributed to the district’s loss of money, Steinberg said.\nCriminal defendants, including the district’s first black defendant Paul Ankeny, who successfully argued that he was unfairly stripped of his due process rights because of his black ethnicity, were in attendance to hear the arguments. The other four defendants also were present.\nLucinda Jones of the NAACP Legal Defense and Educational Fund had said in a brief filed with the appeals court that the challengers’ case did not overcome much of the problem faced by many of the state’s minority districts, including those that have had minority residents vote their districts.\n“Conservatives have no problem with keeping black people in their district, but we must assure that their residents, and thereby our communities and thus the general population, will still have their way,” Jones said.\nRobin Logue, an assistant Supreme Court Justice who argued in support of the challengers, said it was important that the cases be heard in a “more direct manner” and that the government had only long been aware of them, adding that it could not change the words meaningfully.\nMost of the higher courts had sided with either side on either side.\nIn deciding, the appeals court reversed similar rulings by the lower U.S. Court of Appeals for the Federal Circuit in Washington, D.C., on Jan. 5 and April 20, 2018, and decided that, because the districts had been denied money, the applicants could continue to claim the district without interference from state officials.\nIn overturning that decision, the appeals court noted that voter fraud in some states had increased from 22,177 to 38,102.\n(This version of the story corrects phrase to stop black patrons from voting and add that the challengers had been denied federal money to pay for more than the change in the GOP-drawn districts by public buildings.)\n']

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http://www.reuters.com/article/us-clariant-m-a-huntsman-idUSKBN18I0GS

http://www.reuters.com/article/us-clariant-m-a-huntsman-idUSKBN18I0GS

Long seen as partners, Huntsman and Clariant seal $14 billion merger

['Ludwig Burger, John Miller and Greg Roumeliotis']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SHANGHAI/PARIS (Reuters) - In the latest in a series of acquisitions that has propelled the combined pool of many Chinese private equity funds to $50 billion, two top Chinese private equity firms have sealed a deal to merge with $14 billion in annual funds, the billionaire partners said.\nFILE PHOTO: The logos for the "BBVC" private equity funds are seen at the building of a new hotel in Beijing, China, September 15, 2017. REUTERS/Jason Lee/File Photo\nSome 1,200 funds have bought just over $7 billion in private equity so far this year and will all together make up about 20 percent of China’s $30 trillion assets under management (AUM), according to a Reuters calculation.\n“These plans led by this new team have put in place to grow and consolidate that pool of funds,” the two partners said, adding that they have been given priority by the four conglomerates in the small Chinese fund market.\nSingapore-based SMEAsia Ltd, another listed private equity firm with a few funds, is to form its own rival to Singapore’s Blue Star Asset Management, with plans to acquire 10 percent of the fund, the partners said.\nBREW OF A BILLION: China IPO BOOSTING FUNDS OUT OF BARCELONA\nExecutives at companies including Bunnings Corp, Toronto-based Bridgepoint Education and China Harbour Engineering Group have since signed off on strategic deals that underline how the upstart private equity market has turned into the cash cow it has promised to be.\nChinese private equity firms attracted by rich valuations at the outset of the national market are increasingly opting for deals that can bring about returns in excess of three times larger than that of western peers and keep a laser focus on growth prospects.\nThe deals boom has so far bucked a global trend to buy out leaders and influence the industry in ways that traditional Chinese PFCs (Chinese fund groups) might never have anticipated.\n“When they look back on the past ten years they will see what happened to China. We are caught between the two countries but we are both in China,” said Weijiang Wun, joint managing director of Li & Fung Pcl, which along with the fund formed the Blackstone Group in 2007 bought a couple of seed funds from the asset manager in 2013 and 2016.\nWhile smaller investment funds are rewarded for providing an alternative to European banks and a diversified wealth manager, the advantages and risks of picking and choosing the right firms remain.\n“You have to be very entrepreneurial but they are risk-averse and don’t want to be risk-averse. They want to be a global organization,” said Chung Yuning, chairman of Third People Investment, a fund taking its fifth investment in China.\nAnother value investor with a top five growth strategy is Vanita Capital Management, which also planned to take its third fund out of China over the next five years to grow its presence overseas.\n“It will not be too radical. At the end of the day we will decide how to behave in China,” said Vanita chief financial officer Muner Haddad.\n“Europe is still emerging but there are real opportunities in China. You have Chinese industry in Europe now and they are much more conservative.”\nDutch giant Unilever (ULVR.AS) is joining with Shanghai-based BZN Capital Management and Australian Credit Seeker in forging a new Chinese fund for emerging markets after a U.S. executive quit for a gap year in the sector.\nDeals are also in the pipeline to invest in financial software firms in Asia. Europe’s acquisition of Private Equity Advisors has been conditional on four players agreeing to binding purchase offers.\n']

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http://www.reuters.com/article/britain-security-manchester-vigil-idUSL8N1IP6IO

http://www.reuters.com/article/britain-security-manchester-vigil-idUSL8N1IP6IO

"No defeat, no pity": Manchester unites against bomber

['Andy Bruce']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - On paper the Manchester bombing had been even more traumatic and world-weary than its aftermath. But now it is Manchester united and Britain turns in a united front against the vile conspirators who have staged an assault on society and victory.\nThe bombing, which killed 22 people, has left the city fully clouded, sowing fears over its future and inflasing uncertainties for the home counties as Scotland\'s bid for independence is due to be re-elected by June.\nA meeting of the city’s council will in the evening on Thursday which is being closely watched since young cousins and adult children of victims remain too old to vote in the primary election.\nCity council leader Karen Bradley said she “felt for several hours” that it had become clear that the wider Scottish nationalist crowd was increasingly divided.\n“When we all became aware of the outbreak of violence outside the Manchester Arena, Manchester united thought that its absence had the impact of giving them some hope that others would take that first step,” she said.\nU.K. President Donald Trump’s, two-state response to the bombing which killed 22 people and injured more than 150 on Monday night was met with more scepticism and more criticism, with many British politicians saying “shameful” that she had given the attackers a free pass.\nOrganisers said the wider turnout would help them get the crucial seat, not just across the political divide but all across Britain.\n“The vast majority of the population had demonstrated against the terrorist plot,” Bristol Mayor Susie Thompson told ITV’s “Today” programme.\n“Now is the time to rethink the choices that the city of Manchester has to make for the next 30 years.”\nIt was the “fundamental duty” of all the nation’s politicians to form a united front, she said.\nRemarkably, she and other speakers brought to a close a standing-room-only gathering attended by a quarter of a million people.\n- ‘AND MUCH, MUCH BRITAIN’\nShe did not sound in despair but stressed that there was no end in sight.\n“We have still not come to terms with these events. We still have enough,” she said.\nWelsh Secretary Ruth Kelly reiterated Britain’s role in caring for the more than 13,000 victims of the April 14 attacks but warned that there were “just too many of us at home”.\nFormer General Secretary of the Labour Party Sadiq Khan urged Sunday’s gathering to consider all the options, saying anyone who was inspired by the alleged perpetrators, led by Jo Cox, should bring forward their attacks to prevent fresh attacks.\nBoth opposition and pro-independence parties have condemned the attack, which Britain’s prime minister, Theresa May, has vowed will not be tolerated.\nThe weekend after the bombing, Britain’s post-election prime minister Theresa May had rejected calls from a leading Scottish politician to do away with Brexit at some point, saying it was one more way to give people a sense of direction in their decision-making.\nShe will seek to reassure her country at a general election expected in March on the back of a single vote but also the possibility of another referendum.\nBritain\'s Prime Minister Theresa May speaks at Cardiff University, where she spoke of the "great work" that she and her team have been putting in on Brexit, in Cardiff, Britain, January 2, 2019. REUTERS/Toby Melville\nBut after angering Scottish people on Sunday night, she said those behind the attack - some saying they supported the country and others expressing personal frustration at the inequality in the regions - were “determined” to fight for what they had always fought for.\nHer prime minister has yet to mention any violent extremists in her 60-minute address to Brexit supporters but the BBC’s Neil Cross said the clear threat is in the constituency of Ruth Kelly, a leading figure in British Brexit who voted in favour of leaving the EU.\nSlideshow (3 Images)\nScottish Labour leader Ruth Davidson warned that she had seen an “an attack of extreme proportions which was unjustified”, adding that the country would not tolerate the kind of racism and xenophobia that some supporters of the far-right Scottish National Party are seizing upon.\n“What we do not want to see is such hate directed at ethnic minorities and the homeless,” she said.\n']

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http://www.reuters.com/article/us-britain-security-manchester-music-idUSKBN18J2YD

http://www.reuters.com/article/us-britain-security-manchester-music-idUSKBN18J2YD

Fans beg Justin Bieber to cancel dates as fear grips pop’s youth

['Jill Serjeant and Piya Sinha-Roy']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LOS ANGELES (Reuters) - An online petition demanding Justin Bieber cancel four dates in February has prompted more than 35,000 fans to demand that the Canadian teen singer cancel all appearances on the Australian leg of his Believe tour, which runs until the end of March.\nFILE PHOTO: Justin Bieber attends the Billboard Music Awards at the MGM Grand Garden Arena in Las Vegas, Nevada, U.S. February 2, 2017. REUTERS/Steve Marcus/File Photo\nThe rise in popularity of Bieber’s late-night behavior and provocative image prompted Beliebers on social media to demand that the singer no longer appear in concerts, including shows on Canada’s nationally syndicated radio show, canceled.\nFans on forums such as Change.org told Reuters that the pressure had forced Bieber to cancel four in February shows, but he stood by his concerts schedule despite demand by several petitioners.\n“I thought it was in deep need of a magic show,” said a fan in the Australia-based name “Weezer,” who had hoped to book a world tour with Bieber but has been unable to do so.\nHe said he raised the issue with Bieber at a recent Canada-related show and then created a petition on Change.org, where many of the 100,000 or so fans signed went into action.\nBieber has long been locked in a 10-month custody battle with ex-girlfriend Selena Gomez, and has refused to take Selena home.\nOnline ticket-selling website StubHub.com has already sold out the post-show ticket for his anticipated comeback concerts at London’s O2 Arena and Glasgow’s O2 arena, ahead of the US leg of his Believe tour.\n“(Bieber) is this very troubled man, they have big problems but there’s nothing we can do to change that,” Bruce Jay Sharp, an organizer of the Change.org petition, told Reuters.\nJay Sharp said one of his main objections was why Bieber did not stop yelling at some of the biggest stars from the stage.\n“He’s a big old bloke who is very sensitive and when he’s on stage people are yelling at him and they just start laughing,” he said.\nFan Randall Robes said Bieber was aware of his problems and he opposed the singer’s tour planning, which has stalled over his cancer treatment.\n“He’s too big of a star for nothing to be listened to,” Robes said.\n']

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http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18J2DE

http://www.reuters.com/article/us-usa-trump-russia-idUSKBN18J2DE

Ex-CIA chief: Worries grew of Trump campaign contacts to Russia

['Patricia Zengerle and Doina Chiacu']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Former national security adviser Michael Flynn, along with the Trump campaign’s top officials, was talking to the Russians in America before the election and discussed changing U.S. and global security, said a former U.S. intelligence official.\nFILE PHOTO: Former U.S. National Security Advisor Michael Flynn, right, is interviewed by U.S. President Donald Trump at a news conference in Bali, Indonesia, December 27, 2017. REUTERS/Edgar Su/File Photo\nFlynn, who once considered running for the Senate in Connecticut, said he did not disclose the contacts in the 2014 Democratic National Convention where he said he is recused from the Donald Trump campaign’s foreign policy and sanctions dealings.\n“I never mentioned something in the DNC,” Flynn told “Fox News Sunday” on Sunday. “But I did know about it in general. And then when I talked to people about it over the summer I talked about this stuff with the candidates, and I’m starting to hear this again with Donald Trump.”\nVladimir Putin, the Russian president who is in Europe for a conference, is an intelligence official and former KGB agent.\nPresident Donald Trump’s campaign manager, Jared Kushner, and campaign staff were in Washington for a meeting in July with Russian President Vladimir Putin. Flynn spoke with the Russian president at that meeting, and later met with Putin at the White House before the NATO summit, Flynn said.\n“One of my concerns about the Russia story was Russia has sought to influence our election and democracy,” Flynn said on CNN. “They have taken to communicating with us when they disagree with the U.S. and our values, even if we disagree, we will always trust them.”\nFlynn also said he is not suggesting that the Trump campaign colluded with Moscow and that nothing should be added to that list.\n“If that happened, I think the conversation is misplaced because that conversation is the discussion,” he said.\n“That conversation was completely different. At that meeting it was about coordination. And Donald Trump said that in all honesty, I heard him be able to take along Russian clients if we disagree with them. In a way, the president of the United States said that.”\nFlynn said he discussed reviving a shuttle diplomacy with North Korea, arranging for Pyongyang to send a chartered plane and establishing contact with U.S. diplomatic officials within 10 days of Trump’s election.\n“One of the things that Trump’s style seems to want to do is create some kind of mirror image of the American public, perhaps make it different, at least in terms of how the public perceives the United States and the United Kingdom,” he said.\n']

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http://www.reuters.com/article/us-usa-trump-russia-senate-idUSKBN18J2Y9

http://www.reuters.com/article/us-usa-trump-russia-senate-idUSKBN18J2Y9

Senate panel says it will subpoena Michael Flynn businesses

['Patricia Zengerle']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A bipartisan Senate panel plans to subpoena a range of contacts between former National Security Adviser Michael Flynn and Russia in connection with a Trump campaign’s ties to Moscow and discussions about an investigation into his travel to the United States, a senior White House official said on Tuesday.\nPresident Donald Trump lies about the nature of his interactions with Russia as he leaves the White House during a visit to Poland, Poland, November 21, 2018. REUTERS/Thomas Peter\nThe panel of senators, led by Senator John Cornyn of Texas, faces a deadline to act before Tuesday, the day after the Feb. 19 special counsel is expected to question Trump about his former national security adviser for 30 days.\nNumerous steps have been taken to possibly force the president to identify the aides, according to a source familiar with the matter. In a race to replace Flynn as national security adviser, President Trump has been reluctant to put his people to the question of a special counsel, the source added.\nFlynn, a former chief of staff to Trump’s transition team, faces a potential criminal investigation in the probe into possible connections between Russian and Trump campaign officials. CNN has reported at least one of Flynn’s business associates may have solicited payments from Russian officials.\nFlynn had said he did not recall contacting any Russians on his cell phone during the campaign. He denied those accounts on Tuesday and repeated that he may have lied to investigators.\nFlynn, a lawyer who at one point ran the Justice Department’s Special Counsel’s Office and also worked for the Federal Bureau of Investigation, now sits on a U.S. Senate committee hearing into Russia’s role in the 2016 presidential election, the FBI has said.\nFlynn has denied making misleading statements, but the FBI determined earlier this month that he misled investigators in an unrelated case related to Russia’s meddling in the election.\nIn recent days, that was unrelated to a report by NBC News that the White House was planning to subpoena Flynn.\nFlynn, formerly Trump’s foreign policy adviser, became Trump’s top national security adviser under his transition team and was not the target of a special counsel probe in early December.\nTrump on Tuesday dismissed mounting pressure on his first national security adviser, saying he’d asked Flynn to resign over whether he lied to investigators.\n']

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http://www.reuters.com/article/us-usa-trump-pope-idUSKBN18K001

http://www.reuters.com/article/us-usa-trump-pope-idUSKBN18K001

Pope asks Trump to be peacemaker, gives him environmental letter

['Philip Pullella and Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Pope Francis holds up a "clean" copy of an environmental proclamation, during a meeting with the Cabinet of Ministers in Paris, France, December 3, 2018. REUTERS/Gonzalo Fuentes\nPARIS (Reuters) - Pope Francis said on Friday the United States was resolving its difficult dispute with China over islands, asserting that Washington was offering a “responsible compromise”.\nFrancis, accompanied by a German, Thai and Indonesian delegation to Paris, addressed the French-U.S. business community in a lengthy letter to Trump, publishing a letter that seeks to lay out a “strong and dynamic” climate agreement.\nMost world leaders recognize the threat from a warming planet and Trump, a Republican candidate for the White House, has accused them of slowing global warming.\nThe poor, increasingly fearful world faces major challenges, such as a far-reaching global defence standoff, as well as booming Chinese and U.S. trade deficits.\nA group of prominent business leaders protested outside the U.S. White House this week over the economic benefits of globalisation, including fears about the global financial crash that has hurt the economy.\nThe letter, made public on Friday, highlights a senior Trump administration policy proposal that would reward Beijing for failing to follow through on massive dam projects on the planet.\n“Now that other nations are also committed to our common environmental goals, the next step is to let them and all of us know that America will stand with you in your quest for progress, not when other nations can’t,” the letter said.\nThe special groups meeting in Paris are the first such meeting of any kind since Obama’s administration implemented a policy to deal with global warming in 2016.\nTrump has said he wants countries like China to do more to fight climate change but the global economy would suffer if those countries became less concerned about the issue.\nChina took a further step on Friday, joining U.S. President Donald Trump in urging all its neighbours to continue efforts to tackle global warming.\n']

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http://www.reuters.com/article/us-britain-security-manchester-grande-idUSKBN18J2YB

http://www.reuters.com/article/us-britain-security-manchester-grande-idUSKBN18J2YB

Ariana Grande returns to U.S. following Manchester bombing

['Dan Whitcomb']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: Ariana Grande performs her hit "Sweetener" at Nickelodeon’s Dick Clark: The Superstitions London Fashion Awards 2016 in Los Angeles, California, U.S., June 13, 2016. REUTERS/Mario Anzuoni/File Photo\nNEW YORK (Reuters) - Ariana Grande has returned to the United States and the battle between good and evil has intensified as the police search for the alleged Manchester bomber.\nGrande, who is scheduled to perform at the Grammy Awards on Wednesday night, tweeted on Monday that she has returned to her parents’ house in Brooklyn and, “still have no idea what’s going on.”\nShe continued in Monday’s tweet that she didn’t know what was going on but that the police had ordered the singer to be in the house.\nGrande on Monday was raised by her mother’s father but briefly lost contact with her in 2016, when her father was shot and killed by a militant-led militant group in a 2014 shooting.\nThis summer, Grande, 21, earned critical acclaim for her music off the back of a twangy, raunchy duet with Michael Jackson.\nGrande and Jackson announced their divorce last year. The marriage was finalized in January.\nGrande released an emotional new album, “No Tears Left to Cry”, in November. The album is for the Grande Concert series.\nAn investment banker in Manhattan, Grande has worked for The Wall Street Journal for more than a decade and was raised in Canada by her mother’s father, a business manager.\nIn August, when she released “No Tears Left to Cry,” she told her fans: “Just a question, sir. I love you.”\nThe singer went on to retweet a picture of herself standing on the steps of the British Parliament with her two young sons, Mariah and Monroe, smiling and laughing with her father and mother.\n']

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http://www.reuters.com/article/us-venezuela-politics-idUSKBN18J320?il=0

http://www.reuters.com/article/us-venezuela-politics-idUSKBN18J320?il=0

As Venezuela unrest spreads, Maduro presses on with plans to rewrite charter

['Alexandra Ulmer and Corina Pons']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CARACAS (Reuters) - Venezuela’s president is pushing to rewrite the constitution with the goal of revamping a constitution that badly divides the nation as it battles a 24-year-old economic crisis and government layoffs.\nMaduro announced an overhaul on Monday, ordering that new draft amendments be drafted in August and expected to contain the controversial proposals in the first week of January.\nThe changes can only be considered by the legislature, and could be amended by decree, if the opposition won a nationwide referendum on February 9.\n“We can achieve a country according to our constitution but when the day comes, we will do nothing and not rest at home,” Maduro said in a televised televised address to a nationwide gathering.\n“We shall do everything in our power to achieve its new constitution,” he said, in reference to the revamp of the constitution he called “an experiment.”\nThe 29-year-old Socialist Party had been trying to produce a new constitution in a vain attempt to resolve one of the biggest institutional disagreements between the West and the United States since the Revolutionary War.\nThe constitution, introduced in 2009, defines a political party as its own political party in the eyes of the Supreme Court and prohibits candidates from contesting in “unity,” the official language of the legislature.\nOpposition leaders say it amounts to the removal of a minority of elected lawmakers, and they want them reinstated and on par with a previous draft that sets out plans to revise the Constitution in later years.\nCritics in the West, and former United States officials, say they have viewed the proposal as poorly drafted and no longer contain the demands of the 17-member legislature.\nThe U.S. State Department has urged the opposition to vote for a referendum on the issue. In the meantime, Maduro said the electoral council would consult with opposition parties in coming days, without giving specifics.\nLast week, Venezuela’s Supreme Court threw out the central Maduro administration’s attempt to challenge the constitution.\nYonanda, 59, the prosecutor-general, was sworn in on Monday, and is currently serving his second term in office. He faces charges of corruption, unauthorized access to public resources and defiance of a decrepit court system.\nThe decrepit court system is in crisis and has eliminated senior administrative offices. Opponents say this leaves judges unable to defend their judges on the ground they are too poorly trained.\nIn August, former U.S. President Barack Obama called for the overhaul of Venezuela’s constitution “an experiment in democracy ... that ends the rule of the people and democratic institutions.”\nThe opposition, which has staged peaceful protests for three months, said it would vote for the revamp if it won the referendum. It is also demanding the cancellation of a presidential decree that left hundreds of judges unelected.\n']

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http://www.reuters.com/article/us-global-forex-idUSKBN18K01Z?il=0

http://www.reuters.com/article/us-global-forex-idUSKBN18K01Z?il=0

U.S. dollar slips after Fed minutes

['Saqib Iqbal Ahmed']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The U.S. dollar was down 0.4 percent against the greenback on Thursday morning as the Federal Reserve considered unwinding some of its massive stimulus program and stepping up its role in U.S. economic recovery.\nCurrency traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 21, 2017. REUTERS/Brendan McDermid\nThe dollar closed the session at 103.16, down 0.4 percent from Wednesday’s 2.61 percent close. The index is up 0.6 percent on the year.\nA Reuters poll showed that the 10-member Fed’s board planned to keep its funds rate steady at a record low 3.50 percent, its largest rate ever, at its meeting on Jan. 5-6.\nFears were growing that the Fed will unleash more stimulus in response to the economy’s strong performance this year.\n“Clearly they have run out of money. It’s become more difficult for them to obtain that money. That’s certainly a concern,” said Jeffrey Currie, managing director of fixed income and derivatives at RWE, the German energy and utilities group.\nThe U.S. benchmark 10-year Treasury note was last down 4/32 in price to yield 2.064 percent, down from 2.999 percent late on Wednesday.\nThe dollar index, which measures the greenback against a basket of six major counterparts, dropped 0.5 percent.\nThe Thomson Reuters-Jefferies CRB index, a global gauge of European bank stocks, fell 0.8 percent, and traded in a consolidation after hitting a four-week high.\nGlobal equity markets were closed for a public holiday.\nThe U.S. Federal Reserve rate decision will not come out until Thursday evening.\nData showed that euro zone retail sales fell at their slowest pace in a year in November as the region’s slowing economy weighed on demand.\nThe euro pared some of the gains after the ECB’s surprise decision, raising the risk that the central bank would wind down its massive asset purchase programme later this year.\nThe single currency shot up on Wednesday as investors looked to China’s approval of a widely anticipated P3-modest goods import tax (GATT) next week.\nThe dollar index was on track for its biggest monthly rise since September. U.S. Treasury yields are a proxy for appetite for safe-haven government debt, so the FOMC’s decision could be seen as signalling the Fed may not be in a hurry to taper its stimulus.\nThe British pound made its best start to the year on Thursday.\nAfter the Fed release, the British pound was last up 0.8 percent at 1.2667 pence after the FOMC heard only a dozen investors still believed they will follow the market.\n']

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http://www.reuters.com/article/us-bunge-stocks-idUSKBN18J2OW?il=0

http://www.reuters.com/article/us-bunge-stocks-idUSKBN18J2OW?il=0

Bunge says not in talks with Glencore following approach

['Karl Plume']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON (Reuters) - Bunge (BG.L) has rejected an approach from Glencore (GLEN.L) regarding the deal to merge its 35 percent stake in the Canadian mining company and its flagship Bunge (BG.L), the bank said in a statement on Thursday.\nFILE PHOTO: BMO Nesbitt Burns analysts take part in the Reuters Global Mining and Commodities Summit in Sydney, Australia, October 26, 2016. REUTERS/David Gray/File Photo\n“The discussions have had, however, not been with Glencore,” the bank said in a statement to Reuters. “They were in fact ongoing, and are discussing potential future strategies.”\nBunge, a key supplier of base metals in Europe, Canada and the U.S., reported a 22 percent rise in third-quarter revenue on Thursday, helped by higher platinum output from major China platinum-making projects and slightly better silver output.\nBut shares fell after Glencore said it would not go ahead with the transaction because of takeover concerns, and it warned of the risks of a potential takeover.\nShares in Bunge ended the day 5.6 percent down at C$17.68.\n']

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http://www.reuters.com/article/us-uber-brazil-idUSKBN18J38G?il=0

http://www.reuters.com/article/us-uber-brazil-idUSKBN18J38G?il=0

Brazil appeals court rules Uber driver not entitled to benefits

['Bruno Federowski']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAO PAULO, Jan 1 (Reuters) - A Brazil appeals court on Tuesday ruled the driver of an Uber that employed Brazilian law enforcement and human rights activists as one of its key employees was entitled to benefits while he was on leave.\nThe appeals court said Uber should be allowed to hire passengers even if driver Fernando Pascual, who lives in a suburb of Sao Paulo, could not read his Portuguese or identify himself as a union official. The companies must ensure passengers read their rights in Portuguese or live in the country illegally, the ruling said.\nUber and other driverless companies in Brazil are increasingly trying to convince governments to grant them, in theory, exemptions from due process and other regulation.\nUber, for example, recently won a Brazilian court ruling rejecting a case it filed to protect its driverless cars while they were set to use self-driving technology. Uber and its parent ride-hailing service is heavily regulated in Brazil and has also applied to receive civil bail and other damages.\nThe appeals court said the workers showed that paving corridors was not essential to their rights as a worker or driver. As part of their punishment, Uber employees must provide proof of employment, company affairs documents and other background checks.\nPascual told the appeals court he hopes his employer offers him other benefits such as protection from government regulation or a formal arbitration with the state labor commissioner.\nUber said in a statement it was happy to “address critical issues around the appointment of police officers to Uber drivers” and denied that the court gave them any benefits.\nThe company made Pascual, who has been on leave from his job, available to work if he asked.\nThe company said it was unable to confirm if any of its drivers had been paid.\n']

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http://www.reuters.com/article/us-japan-economy-tankan-idUSKBN18J36G?il=0

http://www.reuters.com/article/us-japan-economy-tankan-idUSKBN18J36G?il=0

Japan manufacturers’ mood slips despite economic recovery: Reuters Tankan

['Tetsushi Kajimoto and Izumi Nakagawa']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['TOKYO (Reuters) - Japanese manufacturers are still suffering from an economic slowdown that lingers even after the government touted recovery to make it easier for business to invest.\nA woman works on her truck as a shopkeeper cuts the sign outside a factory in Tokyo, Japan, December 4, 2017. REUTERS/Kim Kyung-Hoon\nThe bulk of Japan’s ailing manufacturers slowed last month after various surveys turned down on price increases a month earlier.\nThere is a role for strong cyclical recovery in Japan and other Asian economies as well. (cm.ms/2ZsxUmZs)\n“But the survey data are still bad and there is no sign of the economic improvement yet,” said Toyo Kawamura, chief economist at Daiwa Securities Co.\n“Besides, the economists still have to predict whether the economic performance this year will show a big acceleration that stabilizes the economy,” Kawamura said.\nBut even after the survey data, the mood was upbeat for companies given the strong economic momentum.\nThe revised December employment figures for November, the best showing since April last year, also hit sentiment, reinforcing the view that retail sales picked up during December.\nThat suggests that factories are operating in a better condition than previously thought and that the government is quietly trying to encourage them to put a touch more upward pressure on prices.\nThe data on Tuesday was too few to raise much concern over the fading economic momentum at present. In fact, sentiment among retailers rose for the second straight month in January after falling for the preceding six months, economists said.\nNevertheless, it may also strengthen current account stimulus initiatives announced in recent months. At the end of December, the finance ministry accelerated a plan to strengthen the current account in order to make sure more money is injected into the economy to boost confidence.\n“The fact that the current account has increased by a very small amount is very positive,” Kawamura said.\nKawamura noted that the GDP figures were “quite simple and at lower levels than when we saw the economy recovering in November.”\nSlideshow (6 Images)\nOtherwise, it was too much to ask companies to ramp up investment as the economy expanded at its fastest pace in 14 years.\nThe data showed that firms still had increased investment plans for next year but fell short of both the central bank and the local government, the Bank of Japan said on Monday.\n“We are still using policies like the one from the previous economic policies to boost growth as far as policy policy goes,” a central bank statement showed.\n“The economy has so far avoided an overheating over-easy policy and to use an acceleration policy to stimulate investment has not worked.”\n']

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http://www.reuters.com/article/us-brazil-corruption-jbs-idUSKBN18J25W?il=0

http://www.reuters.com/article/us-brazil-corruption-jbs-idUSKBN18J25W?il=0

JBS shares storm back on M&A bets after Brazil scandal rout

['Alberto Alerigi and Bruno Federowski']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["BRASILIA/DALLAS (Reuters) - Shares of food distributor JBS SA (JBSS3.SA) jumped more than 15 percent on Wednesday after Brazil’s biggest meatpacker abruptly dropped plans to open a string of stores to replenish depleted supplies of meat, a move that wiped out more than a third of the stock value.\nThe logo of world's biggest meatpacker JBS SA is seen at a trading floor in Sao Paulo January 3, 2014. REUTERS/Nacho Doce\nJBS, the world’s second-largest meatpacker after Danone, announced plans to open five stores across Brazil’s northeastern state of Cascada this year, the day after President Michel Temer took office.\nJBS, the second-largest food distributor in Brazil after rival Nestle SA NESN.VX, had cited a slower environment for delay in selling fresh meat for customers, prompting several people to tell Reuters that it was halted in the past week amid a scandal in Brazil’s courts.\nIn a statement, the company said: “JBS sees no need to explore other markets to supplement its current production capacity.”\nAfter a culture change in Brazil, the world’s second-largest meatpacker was targeting a 20 percent operating margin and ended 2013 with a global adjusted operating profit that narrowly missed expectations.\nThe company shares surged to as high as 162.85 reais and were up about 13 percent at 181.72 reais as of 10:41 a.m. EST (1841 GMT).\nThe main indexes halted their gains after data showed Brazil’s government is waging an investigation into an alleged bribery scheme. A middleman accused of arranging big payouts for convicted workers was sentenced to 18 months in prison.\nSamardo Trujillo, chief executive of a unit of the Barros de Sousa Group SA, called for better Brazilian management of food processing plants to fix “the symptoms of failure” and offer more incentives, according to an industry source familiar with the company’s thinking.\nThe scandal is one of three reports in the past seven months of allegations that helped drive up the cost of running new plants and reduce profit margins at big food suppliers such as JBS.\nThe other two reports followed the start of a nationwide campaign called “zero tolerance,” which encouraged strikes on March 25.\nJBS reported fourth-quarter profit fell 30 percent to 17.1 billion reais ($3.18 billion), hurt by a sharp drop in raw material costs.\nFEDERAL ACCOUNTS\nBut profits climbed a quarter to 27.3 billion reais, lifted by the success of the food and meat divisions, while overall sales rose by almost seven percent to 4.09 billion reais.\nIn a statement, JBS said it was trying to avoid a repeat of the scandals seen in China. “We are ready to accept the results, or others,” it said, declining to comment on questions about possible criminal investigations into special management at its Aropo Cades firm.\nLeveraged under the investment funds Jung Jin S & Ghee and Hui Jhou Enterprises SE Ltd of Hengqian, the supermarket chain was among the companies forced to cut production capacity as the crisis deepened, JBS said.\nUndercover documents in Brazil’s Acosta prison have revealed the widespread network of bribery and favors that led to seven companies being implicated.\nThey said JBS paid tens of millions of dollars to Rio de Janeiro-based practice Sodexo SA to supply goods to win contracts.\nHui Jhou, the cousin of Spain’s Banco Sabadell (BAES.MC), was a company which participated in packaging deals involving JBS and top Brazilian supermarket giant Unibaz. The company’s directors and executives have been charged with bribery and corruption.\nJang Jin S & Ghee, a nephew of Jang Jin Trujillo, is accused of facilitating bribes to executives at Somani SA (SAMC4.SA), the world’s biggest contract food producer, while Unibaz is also accused of facilitating bribes.\nSeparately, another company said it was recalling chicken in KFC Brazil to determine the suspected supply issue, according to a ruling by Brazilian President Michel Temer’s government.\nThe ban did not affect United Foods Inc UFD.N, which owns KFC.\n(For a graphic on Brazilian food consumer reaction to food corruption, click reut.rs/2nJORx9)\n($1 = 4.7629 reais)\n"]

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http://www.reuters.com/article/us-illinois-budget-idUSKBN18J37J?il=0

http://www.reuters.com/article/us-illinois-budget-idUSKBN18J37J?il=0

Illinois Senate Democrats pass budget plan, hurdles seen in House

['Timothy Mclaughlin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CHICAGO (Reuters) - Illinois’ Democratic senators on Thursday passed a budget plan that critics say amounts to a ballot issue but seeks to end a partisan stalemate over income tax increases as Republican Gov. Bruce Rauner faces calls for a bigger tax increase in his re-election campaign.\nThe progressive-backed bill requires lawmakers to pass a special election from Sept. 5, and not require Senate approval to pass the measure.\nFollowing is a summary of the priorities in the bill:\n* Move the vote off the floor and give a still-undecided issue time to lawmakers. The requirement to get a special election in November could increase the revenue to cover Illinois’ $45 billion shortfall.\n* Increase the amount of new revenue the Illinois legislature can raise from the state’s highway trust fund to fund the rest of the budget.\n* Urge Republicans in the House to veto the measure unless it changes a law that imposes steep tax increases in Illinois.\n']

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http://www.reuters.com/article/us-usa-trump-russia-counsel-idUSKBN18J30W?il=0

http://www.reuters.com/article/us-usa-trump-russia-counsel-idUSKBN18J30W?il=0

Trump retains Marc Kasowitz as private attorney for Russia probe: source

['Julia Edwards Ainsley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump retained a senior adviser for his campaign after the former business partner of Russian President Vladimir Putin’s was indicted on U.S. charges of money laundering and fraud in exchange for helping him defeat Democratic candidates in a 2016 election.\nU.S. Attorney General Jeff Sessions listens to the press on Capitol Hill in Washington, U.S., December 5, 2017. REUTERS/Jonathan Ernst\nMarc Kasowitz, the former president of Kleiner Perkins Caufield & Byers and the chairman of Trump’s investing firm, has been retained by the Trump Organization as a consulting and legal advisor to the team leading the Russia investigation, a person familiar with the matter said on Tuesday.\n“As you may recall, the Russia investigation is one of the great chess games of our time and has taken a global spotlight,” Trump said in a Wednesday tweet. “Ex-KBR chief gets a new line of work.”\nKasowitz was one of Trump’s earliest confidants and was the only one who succeeded the president after the 2000 election, when Putin’s close Kremlin ally went to jail in exchange for $15 million in U.S. tax rebates and pardons.\nKasowitz, one of Trump’s most influential advisers in the campaign, left his post in the Trump Organization in late 2016, trying to recoup millions of dollars in consultancy fees, which later led to investigations into his business dealings.\nFederal investigators have charged that he helped fund a dossier of negative reports against Putin, and signed a book deal with Sony Pictures. Trump’s campaign and White House have said Kasowitz was never charged with a crime.\nKasowitz represented the Trump Organization during its brief antitrust investigation into Russian activity in 2006. Trump fired Kasowitz as chief executive in 2012 and the Trump Organization has since received a third top management job in the White House.\nIn a statement, Kasowitz said on Monday he had worked closely with Trump on business in recent years and that it was “important that this work continue.”\nKasowitz provided legal counsel to Trump on the Russia probe, as well as consultant to his defense team on the campaign and the transition, the statement said. He added that he was not involved in any transactions with Trump or his business associates during his career.\n“KASUS, our counsel, will continue to work with you in your efforts to build your global strategic vision for the Trump Organization,” the statement said.\nKasowitz was also named by federal prosecutors as the lead litigator in the Justice Department’s Russia probe.\n']

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http://www.reuters.com/article/us-usa-budget-pain-idUSKBN18J30D?il=0

http://www.reuters.com/article/us-usa-budget-pain-idUSKBN18J30D?il=0

Trump budget cuts may stir backlash in rural America

['Richard Cowan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump’s U.S. budget deal on Friday draws mixed reactions from small agricultural and ranching communities, some of which could opt to leave the federal government in favor of free trade.\nPeople are seen following the most recent State of the Union address in Washington, U.S., January 1, 2018. REUTERS/Carlos Barria\nThe budget agreement, which is largely symbolic, would contain about $14 billion in cutbacks by the federal government at the end of 2023, lawmakers and the White House estimated in December. The money is set to be used for environmental and infrastructure programs.\nBut thousands of rural Americans argue against the deal and will leave the federal government after Trump says he will withhold $80 billion in revenue from rising tax rates in 2019 and 2021. The shift will mark an end to a relationship that dates back decades and which some rural homeowners say will reduce their property values.\nRepublican leaders and the president have panned the legislation as a way to slash funding for Planned Parenthood, public school nutrition programs and prisons by $700 billion, while also cutting U.S. military funding. Several Republicans have called for a repeal of the Affordable Care Act.\n“We will leave the government permanently,” Agriculture Secretary Sonny Perdue said in an interview on Thursday. “We’re not going to make any changes to improve the quality of life of Americans.”\n“We would hope the caucus would change that,” he added.\nOthers say they would opt to leave federal government in favor of a system designed to benefit the small producer.\n“They come in and say, ‘You’re undermining our agricultural system,’” said Cincinnati, Ohio, rancher Fred Jamieson. “We’re going to pay a higher price.”\nJAMIESON, 62, works in an exporter shop while his 12 grandchildren live in four Washington, D.C. farms. His wife and son are in their 70s. “We’re going to have to find the other two farms,” he said.\nBy 2021, farm stockpiles in the nation’s 28 states should grow by only about 4 percent, he said.\nBut Jamieson said his family could hold on to a single farm or two, where he already had acres. “That’s a pretty good chunk of the market for farmers like me,” he said.\nAdrian and Lillian Antonis have lived in the Atlanta area for more than seven decades and would “never send our kids to school in Washington,” she said. They bought the house in 1983 and renovated it 18 years later.\nTheir six-year-old granddaughter, Sadie Antonis, could be in school this year.\n“We’re, like, going to give her our bacon and eggs and cheese and hams,” Adrian Antonis said. “We’re going to buy fruit, our eggs and cheese.”\nRepublicans have dismissed the deal as an attempt to redistribute popular farm subsidies to farmers.\nDiana De Oliveira, a U.S. government agent in New York, said the consequences could be a loss of thousands of farm jobs. “We’re going to feed them,” she said.\nOther local farmers said they were not going to leave federal government.\n“I don’t think it’s going to make people really happy,” said Jim LaBranche, who owns the Fortuna Milk Bar in Columbus, Ohio.\n“I think the problem is we’re going to get ahead of ourselves,” said Lyle Hansen, whose breeder’s estate in Grantsburg, Wisconsin, depends on sales from their land. “I think it’s going to be a detriment to our cattle.”\nThe Trans-Pacific Partnership is the centerpiece of Trump’s trade negotiating strategy, putting further pressure on the Trump administration to eliminate U.S. tariffs on several of Asia’s most valuable exports.\n“It’s a terrible deal. It’s a waste of time,” he said.\n']

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http://www.reuters.com/article/us-china-pets-wearables-idUSKBN18J36V?il=0

http://www.reuters.com/article/us-china-pets-wearables-idUSKBN18J36V?il=0

Wearable tech latest must-have for China’s proud pet owners

['Donny Kwok']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BEIJING (Reuters) - Emulating the movement of a pet by pushing it like a pendulum as it swings from one side to the other and has this retro-style device to prove it.\nThe Modern Tank from Wang Laboratories (WXR) illustrates how how integrated the world of pet technology is with new gadgets and gadgets that so emphatically mimic modern life and feed new insights into consumer habits.\nFor example, Chinese pet owners can get a five-star service in streaming their pet’s favourite product quickly via apps. They can also follow its progress from one side of the tank on their smartphone and track it to the other.\nWang owns some 40 pet-related firms, from in the pet, animal and automobot sectors. The company took its first public offer for pets last year. It recorded a $25 million (13 million pounds) loss as the market unspent late in the year, largely due to slump in pet sales.\nWith many new pet lines set to emerge in the next few years from experts like animal and auto parts maker Sino-Forest Co Ltd - China’s biggest pet trade promoter - Wang’s Tank is poised to outshine traditional toys and more to fill the void left by artificial intelligence.\nFor instance, Sino-Forest’s Synerges controls dozens of pet-related apps to be found on its smart electric car. The stock fell about 17 percent in March after the accident, which injured 14 people, according to stock tracker company BCS.\nIf want to capitalize on that potential, Wang’s Tank has plenty of space on the market to cater for the whole pet ecosystem.\nThe Tank, which costs about 5 million yuan ($1,300) in the Chinese market, offers four hours of real-time pet tracking for users via its app. Users also can stream the data back to their phone for easy searching.\n“Our goal has always been to create an end-to-end tech product based on the information we obtain from the pet and live in an entertaining world. We have lots of potential in the next five years to build market share,” Wang said.\nMany of Wang’s technology products come from pet-related industries.\nFor instance, while Ford Motor Co (F.N) has announced a Chinese-made engine making its F-150 electric cars, the Beijing-based carmaker’s own robot-powered F-150 in Beijing has had just one major manufacturing deal with an OEM.\nThe good news, however, is that there are still plenty of projects in the pipeline for industrial-scale pet technology development.\nThe available U.S. and European online pet shopping sites inventory pet goods for sale for sale to pet-related companies with a market value of approximately $400 million to $2 billion, according to researcher EyeOn Inc.\nSeveral China pet-related startups have had their own offices in the country. Earlier this month, U.S.-based alt-Doom Chinese startup Lanzhou Lotus raises $46 million in funding led by Google (GOOGL.O) Capital China.\nMost of the pet tech in China have something in common: they are centered around technology that might be as old as the pet itself.\nAnimal behavior has been correlated with developing therapies for disease, technology to help develop gene therapies or simple medicines to treat animals.\nSuch technologies are often only mainstreamed at the pet level in the form of retinoblastoma, one of the most common childhood cancer in the world, but Wang knows that problem hasn’t really changed.\n“People really want to learn about how to track how the animal is moving. That’s the challenge we have: animal behavior is from a training perspective, but also from a development stage,” he said.\n']

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http://www.reuters.com/article/us-usa-budget-energy-idUSKBN18J35Z?il=0

http://www.reuters.com/article/us-usa-budget-energy-idUSKBN18J35Z?il=0

U.S. lawmakers gear up to block Trump plan to slash oil stockpile

['Timothy Gardner']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - As a presidential campaign crowd turns toward Trump’s “sanctuary cities” proposal, members of the U.S. House of Representatives are now nervously preparing to fight the latest move from a top U.S. Republican Senator.\nFILE PHOTO: People hold placards that read, “Stop using national security to curb our immigrants,” as Rep. Darryl Glenn, R-Ohio, speaks during a rally in Youngstown, Ohio January 1, 2015. REUTERS/Jim Young/File Photo\nThe U.S. Senate, where Republican Senator Marco Rubio is pushing an immigration reform proposal, is expected to vote Monday to block it from moving forward. And while some lawmakers are holding back on advancing the proposal, others still want to get on top of it, a person familiar with the talks said.\nThe new court challenge comes two days after Obama administration officials defended the legality of Trump’s enforcement efforts, saying they targeted Muslims. The justices have yet to issue a decision on the issue.\n“I would say there’s basically nobody who wants to go against the president,” said Carol Schultz, a spokeswoman for the State Department’s Office of Refugee Resettlement, the U.S. agency that represents undocumented immigrants. “But they want to make sure people are treated with the same respect, not just a prayer.”\nThe administration, which provides housing and other services to immigrants brought to the country illegally as children and adults, has moved to target suspected violators of immigration law and to strengthen ties between immigrant communities in the United States.\nDemocrats decry what they say is the government’s interference in immigration politics. The White House defends policy and issues executive orders to further strengthen ties with fellow Republicans.\nLikely new Democratic US Senate challengers Christine O‘Donnell, Chris Van Hollen and John Cornyn, along with Representative Doug Lamborn, probably face electoral hurdles if they do not win enough votes to stop the bill from moving forward.\nHowever, Democrats on Monday remained optimistic about the chances of U.S. Congress passing the government-funded asylum program at the end of the year, possibly by early May.\nThe bill, which President Donald Trump plans to sign into law, would tighten border security and protect civil liberties, but lawmakers have yet to agree on a form of immigration reform.\n“We need to get this bill approved through the Senate, and that includes the president,” Attorney General Jeff Sessions said during a visit to Iowa on Saturday. “It does not need to be re-written and we can ensure that every single immigrant who has come to the United States to seek asylum or to seek to seek asylum does so, regardless of any citizenship.”\nIn Congress, one proposed bill would give victims of domestic violence access to shelters outside the United States, while another would bar immigrants from using federal funds to illegally release animals that might be harboring illegal immigrants.\n']

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http://www.reuters.com/article/us-usa-oil-reserves-idUSKBN18J0T2

http://www.reuters.com/article/us-usa-oil-reserves-idUSKBN18J0T2

U.S. plan to sell oil reserve shows declining import needs

['Henning Gloystein and Dmitry Zhdannikov']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['BERLIN (Reuters) - A U.S. plan to sell its reserves under a U.S. program to increase oil production to compensate for falling demand in Asia signaled falling dependence on imports by driving around "unpermitted reserve depletion", the Organization of the Petroleum Exporting Countries said.\nFILE PHOTO: A U.S. Gulf Coast pumps fluid in an oil tank at a refinery in Whiting, Indiana, U.S., October 2, 2018. REUTERS/Rebecca Cook/File Photo\nThe announcement on Friday by OPEC’s Oil Market Report comes as it hopes the plan, named “Phase II” last year by the group’s U.S. Secretary of State Rex Tillerson, will help boost supply and demand while also deepening OPEC’s involvement in reducing compliance with international sanctions.\nEnergy Department spokesman Greg Miller said in a statement that a portfolio of ongoing U.S. oil assets remained open for consultation, “beyond leasehold development and royalty negotiations”.\nAs for purchases, executives have stressed the stabilization of U.S. oil production could spark increased demand as refiners open refineries to meet rising customer demand.\nPart of the project would include taking over the production of condensate and the combined output of lignite, proved oil reserves and crude oil from the North Sea, in exchange for the sale of 10 U.S. crude drilling rigs in Saudi Arabia.\nThe other 25 U.S. oil rigs in operation in the United States alone would become available to the Gulf Coast owners, then settle under a so-called system of swaps with OPEC countries.\nIn effect, Petrobras owns the most U.S. offshore leases and gets to pass along roughly $52 per barrel of output to its partners, up from about $28 per barrel a year ago.\nAlbeit still a protracted process.\nWhen it is complete, the plan would let the South American giants expand production to meet growing demand while reducing reliance on imports.\nWhile U.S. oil output held steady last year at 9.5 million barrels per day, U.S. oil imports jumped 41 percent from a year earlier as U.S. production fell by more than 200,000 barrels per day (bpd) last year.\nThat sharp decline, combined with a decline in demand for fuels including gasoline and diesel, stoked fears OPEC leaders in Washington would pass the program on to the rest of the group in any deal before 2025.\nIn recent weeks, the Organization of the Petroleum Exporting Countries says it is sticking to its position that prices will converge with the rise in oil prices and sees the low-ball U.S. production data as a warning shot and an opportunity to align oil production levels with market rates.\nHigh prices can mean several years of substantial withdrawal of U.S. production, though analysts say they may get closer in the coming years.\nThe smallest supply-side signpost between oil prices and OPEC agree to cut production and warm relations with Moscow in order to gradually lower prices.\nWith many other OPEC countries such as Russia still dependent on prices, relations among the group that follow the agreement have had mixed results so far.\n']

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http://www.reuters.com/article/us-usa-budget-wall-idUSKBN18J05H

http://www.reuters.com/article/us-usa-budget-wall-idUSKBN18J05H

Amid opposition, Trump makes low budget request for Mexico border wall

['Julia Edwards Ainsley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump’s administration on Thursday announced an allocation of almost $1 billion for the $10 billion wall it wants to erect on Mexico’s southern border, including 700 miles of fencing, to support its southern border operations.\nFILE PHOTO: President Donald Trump speaks during a rally in Everett, Washington, U.S., November 22, 2018. REUTERS/Mark Blinch\nTrump has vociferously attacked the Senate’s no-confidence vote in Transportation Secretary Elaine Chao as making it more difficult for the government to start building the wall.\nChao has agreed to participate in the broader effort in the United States to have a framework for secure U.S.-Mexico border policy approved by Congress.\nHer plans, which are far more complex than those set out by Trump, have sparked opposition from Republican leaders in Congress and the president’s Democratic allies, including House of Representatives Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell.\nThey are the first group to have a concrete plan in hand for eventual construction of the 1,100-mile border wall while privately funded private contractors are putting in a large bill to begin.\nOn Thursday, Trump’s budget chief, Mick Mulvaney, who helped steer Trump’s opening to Americans with economic insights, told reporters that the plan would include a “spectacular report” on border security within days.\nThe $10 billion total includes investments in the previous Trump administration’s border security plan. While the project relies on private businesses and trained officers to patrol unguarded areas, it also is expected to include a list of forms of government surveillance by military, police and other agencies that could identify potential offenders on both sides of the border.\n“Mexico has to pay for this wall as a concrete wall between us and Mexico,” Mulvaney said, adding that he also expects the building of some of the physical barriers and textiles that would be required to enforce the border would cost $600 million, he said.\nThe coming-out party for the wall plan, called the National Endowment for Democracy (NEED), involved Democratic lawmakers and the president of the U.S. Hispanic Chamber of Commerce, who were unhappy with his choice of project to preside over the fiscal year 2021 budget.\n“We need to listen to NEED, not to the White House,” said Senate Minority Leader Chuck Schumer (D-N.Y.).\n']

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http://www.reuters.com/article/us-usa-court-kraft-heinz-analysis-idUSKBN18J2UB?il=0

http://www.reuters.com/article/us-usa-court-kraft-heinz-analysis-idUSKBN18J2UB?il=0

Patent plaintiffs see way around U.S. Supreme Court ruling

['Jan Wolfe']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Jan 1 (Reuters) - U.S. patent lawyers filed a long-awaited reply to the Supreme Court’s ruling on Wednesday that blocked a China-based Hong Kong-based technology company from collecting royalties on intellectual property used in its products.\nDruW Group said the ruling was the product of a major patent lawsuit brought by patent troll Millennium Global and claimants in California, Oregon, Washington and New Jersey.\n“In this case, United States District Judge Kimba Wood’s ruling is invalid: Defendant filed not only a counter-subsidy challenge, but also a first-class counterclaim for patent infringement,” Levick Abrams, managing partner at the Tulane Law School and a client that defended Millennium Global, said in a statement.\nThe three lawsuits were brought by two different owners of small intellectual property acquired by Millennium and others, including pioneer software company Orsi Corp.\nCountries that distribute patents to businesses and assembly plants typically treat them broadly as copyright and trademark issues.\nELECTRONIC DISPUTE\nUniversal Universal Copyright, or Universal Punishable, Limited Liability for Intellectual Property, was used as a blueprint for more than 200 patent dissolutions filed by giant Microsoft Corp since 1950.\nThe dispute began between Universal’s founder and founder, Francis Schoolz, and two mainly American Intellectual Property law firms, Kessler T. Smith and M. Wayne Hunter. That patent dispute led to a historic “betrayal” settlement in 2014.\nSchoolz was named to the bench by Trump as a defendant in the First Amendment dispute. Disney, a bellwether for intellectual property, is working on reviving its theme park projects in theme parks.\nUniversal and Universal are represented by Peter Nathanson of Nathanson Lawson Watt (see related story at link.reuters.com/dals51v)\nSchoolz’s lawyers contended the government courts had not adequately decided copyright disputes arising from entities that use some form of copyrighted image or other physical object for advertising.\nThe Supreme Court agreed, rejecting arguments by Universal that the Patent Office lacked authority to order clients to pay copyright royalties, arguing it did so only in cases involving electronic media.\nThe high court said the issue had been left to the courts, but would remain for now.\nIf it wanted to hear a case about Universal’s impasse with the Patent Office, a trial would begin in January 2022.\nUniversal’s suit, which it filed in October 2015, was brought against Technology Express Inc, which manufactured Blade Runner and launched the Blade Runner franchise. An actuary for the ex-controller and secretary of the licensing division of Reynolds American Inc, which sold Blade Runner to Universal, sold its shares to Millennium, seeking unspecified damages from it.\nThe court declined to rule on how much the copyright lawsuit could cost the government, but Reynolds American, the master licensor for Blade Runner, agreed the lawsuit should be considered a patent infringment case. (Reporting by Jan Wolfe in Houston; Editing by Dan Grebler)\n']

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http://www.reuters.com/article/us-science-intelligence-go-idUSKBN18J0PE

http://www.reuters.com/article/us-science-intelligence-go-idUSKBN18J0PE

Google AI beats Chinese master in ancient game of Go

['Cate Cadell']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN FRANCISCO (Reuters) - Google debuted a far more powerful AI-powered operating system on Friday that helped the search giant surpass Chinese artist Ai Weiwei in the world’s most watched video game category.\n“We got the date date right!” said an excited Ai’s website congratulating the new feature in a Facebook group. “This is about creating a deeper connection between your city, country and world.”\nSeveral years ago, the United States and China teamed up on the largest game of ping pong in history, “Words With Friends,” calling on individuals to go compete against each other in virtual challenges to raise money for a charity.\nGoogle unveiled Friday’s updated version of its Yi software for use by local residents in Asia as well as developing a language for developers.\nThe new update is the latest technological step by the company to create an entirely new form of entertainment - free, online games for all users, featuring both new and revamped games that can be played for as little as 10 minutes.\nIn their daily version of the game, you need to send a local email address to apply for a contest. You must also fill out a form acknowledging that you are the captain of the badlands in the world.\nGoogle’s development of its software mirrors other efforts at utilizing an increasingly sophisticated database to create games.\nVernon Browne, the company’s senior vice president of artificial intelligence, in an interview with Reuters said the company had created several complex and well-respected games with “great power and deep trust.”\n“The result was a world where if one doesn’t play at all, you feel you have lost the stakes,” Browne said.\nThe eight existing versions of the game are so riddled with bugs that it can take hours for the game to be updated to the new version.\nGoogle unveiled a new version of the Ghost 2 microsoft controller of its next-generation cloud-based operating system, along with an array of other security and privacy settings.\nMozilla was among the first to develop a system designed to manage and control a vast database of items, known as the Homebase System. Google later sold the company to Microsoft for $4.8 billion, the culmination of several years of development of a cloud-based platform for Internet users and hosts of Internet chat.\nGoogle said the new feature helped it compete in one of the world’s biggest gambling regions, mainly China. Google alone is responsible for around 2.5 million gaming machines.\nChinese researchers said they have a replacement for Satya Nadella’s video game university this year called Zhengrong, which developers have scrambled to establish ties with Google.\n“It’s been going on a long time in developing new operating systems for blockchain, for things like switching, everything coming to the operating system that started with Twitter and different kinds of operating systems for cloud-based control,” Christian Thompson, a lecturer at King’s College London, said in an interview.\n“There is always going to be some kind of effort,” he said.\nGoogle, home to a long list of patents associated with its hardware and software, is well placed to take on the global gaming industry, which accounts for just 1 percent of global gaming revenues, according to research firm International Game Technology.\nGoogle has no prior gaming history, but it has built up strong marketing muscle.\nGoogle made use of artificial intelligence (AI) to create the most popular games in the world in the year to October 2015, with YouTube’s mammoth new Passbook offering about 11 percent of the games for free.\n“How do we turn this kind of tool into something completely efficient and powerful and profitable? Because we don’t think about GPU-powered games anymore,” Google Chief Operating Officer Sundar Pichai said, referring to the powerful computers that Google engineers use to do complicated calculations.\n(This version of the story corrects number to 10-20; corrected to address spelling error. corrects point in sentence, error in first paragraph.)\n']

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http://www.reuters.com/article/us-usa-trump-australia-refugees-idUSKBN18J0GA

http://www.reuters.com/article/us-usa-trump-australia-refugees-idUSKBN18J0GA

Exclusive: U.S. starts ’extreme vetting’ at Australia’s offshore detention centers

['Colin Packham']

01-01-2021

reuters.com

success_wayback

gen

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['MELBOURNE (Reuters) - U.S. officials said on Friday they planned to conduct “extreme vetting” at an Australian detention centre, as well as three more locations in Australia, over reports that harsh treatment of immigrants in places such as Malaysia, Indonesia and the Philippines pose a security risk.\nA view shows the destroyed Burma subway station in Kalimantan, Malaysia May 28, 2017. REUTERS/Soe Zeya Tun\nAustralia and New Zealand announced this week plans to expand the detention centre chain “in response to a growing global risk associated with the nature and extent of the facility’s vulnerability to attack”, with the “extreme vetting” drill taking place in early January.\nThe U.S. Agency for International Development has outlined the list of locations, expected to be announced on Saturday, that the executive director of immigration, Dan Walker, is urging Australian officials to consider and set up parameters for the suspected offenders.\nWhile most asylum seekers at the country’s foreign detention centres are not in Australia, some are at the Kalimantan centre on a transit boat trip.\nThe November departure of 113 asylum seekers who were presumed to be boat dead handed a paper trail and the possibility that crimes such as terrorism and mutilation could have been committed there.\nAnother 90 asylum seekers have since been released in Australia, although a link to the Kalimantan centre was not immediately clear on Friday. The 150-odd detainees are being held at either Kalimantan or Tauranga detention centres on the Lihiwi island of Bali.\nImmigration Minister Chris Bowen said the “extreme vetting” drill was “moving through” and was being conducted around the world, noting that “a full range of assessments” would be undertaken by Australian officials as the target date of the exercise.\n“This is truly an extreme vetting exercise ... designed to raise the level of awareness and scrutiny that we should all feel we must also have,” he said in a statement.\nTreasury Minister Nick Economou has said “extreme vetting” is needed to “ensure we take into account our national security”.\nThe U.S. federal government is not finalising the scale of the exercises, or providing details about them, or giving details of any locations, budget or personnel.\nBut Prime Minister Malcolm Turnbull, whose Liberal-National Coalition government is running in Queensland state, said authorities planned “extreme vetting” at some locations but would not go so far as to arbitrarily restrict access for police and medical personnel.\nSeparately, immigration minister Greg Combet told reporters in Sydney on Friday the Department of Foreign Affairs and Trade had placed a stop to any refugee flights bound for Australia.\n“I think it’s absolutely necessary to strengthen the security of the Australian people and the lives of those refugees by ensuring that they can get back to their family, to find a safe place, to continue to live in their families,” he said.\n']

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http://www.reuters.com/article/us-northkorea-missiles-china-idUSKBN18J0CK

http://www.reuters.com/article/us-northkorea-missiles-china-idUSKBN18J0CK

South Korea fires at suspected drone at border with North amid missile crisis

['Ju-min Park and Christine Kim']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SEOUL (Reuters) - South Korea fired three rockets at North Korea on Tuesday, a day after its intercontinental ballistic missile (ICBM) exploded on a land border with Japan, sparking furious comments from Pyongyang and anger over a border standoff between the two nuclear powers.\nFILE PHOTO: People walk past an overpass at the Chonghaejin Dam outside the northeastern city of Minamisanriku, southern Korea, January 1, 2017. REUTERS/Kim Hong-Ji/File Photo\nSouth Korea fired one artillery piece and another four missiles at the North’s east coast after the North put up a series of barrages near a South Korean border, in a rare military escalation.\nChina, the South’s biggest export partner, backed down from its defiant calls for the North to issue an explanation for Wednesday’s anomaly but confirmed a “major test” of its medium-range missile.\nNorth Korea launched a ballistic missile on Sunday and said it could hit the mainland United States without breaking its continental border with the South, but all of its missiles have so far been found to fly into the South.\nIn the conflict with South Korea, which split in 1962, North Korea has been using new or revived missiles.\nThe state media, which usually does not use its traditional diplomatic press, has criticised South Korea’s handling of Wednesday’s flare-up.\n“The situation in South Korea is tense and if they avoid ordering a lesson, there will be much more confusion in the region and North Korea will not only expand its missile capability but will increase its nuclear capabilities,” state broadcaster KNBM quoted a director for the state nuclear watchdog as saying.\nMongloon actor/Dedicated Fan\nSouth Korea’s defence ministry said it was safe to assume that the rocket exploded on a land border between the three Koreas, but did not provide further details.\nA South Korean military spokesman said his country had a “tracer” seen placing rocket components near the North’s Sohae-dong intercontinental ballistic missile range.\n“The country has carried out a controlled interception of the debris during the detonation of the flare-up,” a defence ministry spokesman said.\nMongloon has so far fired four ballistic missiles, with North Korea again forecast to launch a second intercontinental ballistic missile on Monday.\nLocal TV earlier said North Korea also conducted a bomb-production facility for a missile capable of striking Guam, a US territory in the Pacific Ocean, on Dec. 31.\nA group calling itself the DPRK, or Democratic People’s Republic of Korea, said the country’s defence minister had ordered the launch of its ballistic missile program on Dec. 31.\nDPRK's powerful Yonhap news agency said on Jan. 1 that North Korea launched a long-range missile over Japan on Tuesday, with tests of the deployment codenamed Nagasaki Day.\nThe North denied there had been any miscommunications with its army, and said the missile had been launched over the Korean peninsula.\n"]

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http://www.reuters.com/article/us-usa-stocks-idUSKBN18J1M1

http://www.reuters.com/article/us-usa-stocks-idUSKBN18J1M1

Wall Street rises on investor relief after Trump budget

['Sinead Carew']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: US President Donald Trump (R) gestures as he attends an address to Congress at the White House in Washington, U.S., January 4, 2017. REUTERS/Carlos Barria/File Photo\nNEW YORK (Reuters) - Wall Street equities bounced back after two straight days of losses on Thursday, while the Dow Jones Industrial Average ended the year below 12,000 after last week’s surprise U.S. budget-cutting deal with Congress.\nThe S&P 500 and the Nasdaq Composite each rose slightly, while the materials sector on Thursday posted its first weekly gain in two.\nThe fiscal pact cleared congressional efforts to pass a tax bill but was unclear about the bank resolution provision needed to avoid a tax bill that could send the market lower on potential losses.\nWorld stock markets gained as the United States and China agreed on Wednesday to look into a $46 billion fund for banking and other finance firms, but developments in U.S. politics appeared to overshadow economic growth momentum.\nA report released by the University of Michigan on Thursday showed a surge in consumer sentiment in December, while the president’s budget plan won approval in the U.S. Senate.\n“The fiscal deal passed on Wednesday on good terms for the economy, but the political tensions and good news on the fiscal side have in many ways impacted stocks like the Nasdaq,” said Gregory Melillo, chief market strategist at Federated Investors in New York.\nBut investors were also focused on Trump’s budget and tax cuts. Trump has asked Congress to pass tax cuts as his first significant budget plan.\nIn the prior session, the Dow Jones Industrial Average was hovering around 12,000 and the S&P 500 was off by 0.1 percent. The Dow’s losing streak may not last long after the index ends its year-long downtrend.\nThe S&P 500 will be up for the year if it contracts at 12,000, according to data compiled by Reuters.\nInvestors have pulled money out of the market in the last month after Trump’s calls for stronger U.S. economic growth had cooled. Volatility has been low over the past six weeks, pressuring investors to buy into the safest-of-five-dollar market.\nThe rise in stocks is “a sign that investors have shifted more towards the safe haven and safe-haven asset class which is seen by investors as a beneficiary of good weather,” said George Sizemore, a portfolio manager at Ruy Teixeira Wealth Management in Northport, Connecticut.\nU.S. stock futures pointed to a modest rise on Wall Street.\n']

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