RSS

Blog

Top U.S. diplomat faces tough Gulf talks on ending Qatar row
U.S. Secretary of State Rex Tillerson faces an uphill task in persuading four Arab states to end a boycott of Qatar in talks on Wednesday after the four labeled a U.S.-Qatar terrorism financing accord an inadequate response to their concerns.
Ex-Christie ally and Bridgegate mastermind may avoid prison
The mastermind of the Bridgegate lane closure scandal that helped derail New Jersey Governor Chris Christie's presidential ambitions could avoid prison when he is sentenced in federal court on Tuesday.
India's Reliance Jio files complaint over unlawful system access: police
India's Reliance Jio Infocomm Ltd [RELIB.UL], which is looking into reports of a major leak of user data, has filed a police complaint alleging "unlawful access to its systems," a police officer involved in the investigation said on Wednesday.
British war surgeon Nott returns to Gaza to train doctors
British war surgeon David Nott was back in the Gaza Strip this week to share with local doctors specialist knowledge he has amassed from working in conflict and disaster zones over the past quarter-century.
Indonesia finance minister says to tackle tax avoidance by MNCs
Indonesia will sharply lift its tax collection and work with other nations to develop new rules to tackle the "aggressive" tax planning by multinational corporations, the Southeast Asian country's finance minister said on Wednesday.
Shell to exit upstream business in Ireland with $1.23 billion stake sale
Royal Dutch Shell said it is selling its stake in the Corrib gas venture in Ireland for up to $1.23 billion, marking its exit from the upstream business in Ireland.
Faraday Future moves electric SUV production site, mothballs Las Vegas plant
Startup Faraday Future said it would move production of its planned luxury electric SUV to a new site, virtually scrapping a stalled $1 billion Las Vegas factory amid deepening financial woes of key investor Chinese entrepreneur Jia Yueting.
Spotify signs Sony royalty deal while Warner holds out: reports
Spotify has reached a licensing deal with a second major label, Sony Music Entertainment, according to media reports, setting the stage for a U.S. stock market listing by the music streaming leader.
Toshiba regains access to credit line but tough conditions applied: sources
Crisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral but its lenders have imposed tough conditions, banking sources with direct knowledge of the matter said.
China sends troops to open first overseas military base in Djibouti
Ships carrying personnel for China's first overseas military base, in Djibouti in the Horn of Africa, have set sail to begin setting up the facility, as China's rapidly modernizing military extends its global reach.
China dissident Liu's condition critical, breathing failing, hospital says
Chinese Nobel Peace Prize-winning dissident Liu Xiaobo's condition is critical and his breathing is failing, the hospital treating him said on Wednesday.
Iraq strikes Islamic State in Mosul days after declaring victory
Iraqi forces clashed with Islamic State fighters holding out in Mosul's Old City on Wednesday, more than 36 hours after Prime Minister Haider al-Abadi declared victory over the militants in the de facto Iraqi capital of their self-declared caliphate.
Chan sisters in quarter-final doubles action at Wimbledon
Taiwan's tennis playing sisters Chan Yung-jan and Chan Hao-ching are in quarter-final action in the women's doubles at Wimbledon on Wednesday having found success with new partners.
Roof protects Murray and Federer from lingering rain
The rain is expected to ease off in time for men's quarter-final action at Wimbledon on Wednesday but even if it does not defending champion Andy Murray and seven-times winner Roger Federer will have the Centre Court roof to keep them dry.
China dissident Liu's health worsening, hospital says
Chinese Nobel Peace Prize-winning dissident Liu Xiaobo's condition is worsening, the hospital treating him said on Wednesday, as his friends questioned the accuracy of official accounts of his health.
Turkish economy minister says will visit Austria this month after row
Turkish Economy Minister Nihat Zeybekci said on Wednesday he will visit Austria this month after it barred him from attending an event to mark the anniversary of last year's failed coup in Turkey.
Berlin police make arrests over $4 million gold coin museum robbery
German special police commandos arrested several people during raids in Berlin on Wednesday over the spectacular robbery of a 100 kilo gold coin, worth about $4 million, from Berlin's Bode Museum in March.
Sweden drops bribery probe of former finmin, bank chief
A Swedish prosecutor said on Wednesday he had dropped a bribery investigation into former finance minister Anders Borg's participation in hunting trips without bringing any charges.
Taiwan says Chinese carrier sails into its defense zone
Chinese aircraft carrier the Liaoning entered Taiwan's air defense identification zone early on Wednesday morning on its way back from Hong Kong and is being monitored, Taiwan's defense ministry said, adding there was no cause for alarm.
U.S. Interior Department receives over 2 million comments on monument review
The issue of whether to preserve, shrink or revoke the protected status of two dozen U.S. national monuments drew more than 2 million public comments ahead of a report to be issued by Interior Secretary Ryan Zinke to President Donald Trump next month.
U.S. court orders evaluation for mentally ill Texas death row inmate
A Texas death row inmate must be provided federal funds for a mental health expert and an investigator to help him mount a defense that he should not be executed because of his mental illness, a U.S. appeals court ordered on Tuesday.
MSNBC host leaving the Republican party, becoming an independent
Co-host of MSNBC's "Morning Joe" and former Republican U.S. congressman Joe Scarborough said on Tuesday that he is leaving the Republican party and becoming an independent during an appearance on a late-night talk show.
Amid divisions with Macron, Trump to travel to Paris to discuss Syria, terrorism
U.S. President Donald Trump will travel to Paris on Wednesday to meet with French President Emmanuel Macron where the two leaders will seek to work together on Syria and countering terrorism, while avoiding the thorny issues that have divided them.
Tillerson faces tough Gulf talks on ending Qatar row
U.S. Secretary of State Rex Tillerson faces an uphill task in persuading four Arab states to end a boycott of Qatar in talks on Wednesday after the four labeled a U.S.-Qatar terrorism financing accord an inadequate response to their concerns.
Senate may vote on revised healthcare bill next week
U.S. Senate Republicans said Tuesday they will seek to bring their healthcare overhaul to the Senate floor next week after a lengthy intraparty struggle, but it remained unclear whether they had the votes to pass the measure or even what form it would finally take.
Badminton: Momota makes main draw in Canada on international return
Japanese shuttler Kento Momota has qualified for the main draw of the Canada Open on his return to international badminton following a gambling ban.
More injury woes for yokozuna Kakuryu
Mongolian yokozuna Kakuryu pulled out of the Nagoya Grand Sumo Tournament on Wednesday, prompting stable master Izutsu to voice concern that the latest injury setback may force the 31-year-old into premature retirement.
Venus draws on spirit of Serena in Wimbledon quest
Five-times champion Venus Williams is drawing on the emotional support of her absent sister Serena at Wimbledon as the 37-year-old American remains on course to seize one of her sibling's records should she go on to claim an eighth grand slam title.
Hewitt expects Federer and Murray to face off in final
Former Wimbledon champion Lleyton Hewitt believes Switzerland's Roger Federer and world number one Andy Murray are the best placed of the eight remaining players to set up a final showdown at the All England club on Sunday.
Big guns Cilic and Muller set to slug it out
Court One will be no place for the fainthearted on Wednesday as two of the game's most ferocious hitters, Gilles Muller and Marin Cilic, go toe-to-toe in the Wimbledon quarter-finals.
Controversial loss unlikely to push Pacquiao into retirement
Manny Pacquiao has hinted he will continue his boxing career despite having lost to Australia's Jeff Horn earlier this month via a controversial decision that angered fans and prompted the World Boxing Organization to review the Brisbane fight.
Top male trio eye semi-finals but face tough challenges
The 'Big Four' has become a 'Big Three' with the shock exit of Rafa Nadal, and the remaining trio of Roger Federer, Andy Murray and Novak Djokovic will all be aiming to prove their elite credentials in Wednesday's quarter-finals.
CORRECTED-China's Ping An seeks fintech, healthcare assets in U.S., Israel, Singapore
Ping An Insurance Group Ltd , China's largest insurer by market value, is scouting for fintech and healthcare assets in the United States, Israel and Singapore, as it looks to use a $1 billion investment fund, a company executive said.
UK's Equiniti to buy Wells Fargo's share registration unit for $227 mln
Britain's Equiniti Group Plc said it would buy Wells Fargo & Co's share registration business for $227 million as it looks to enter the United States, the largest and most active share registration market.
Retailers, cyclicals strength give European shares a leg-up; Pearson slumps again
A run higher for energy shares and miners, as well as strong updates from retailers Burberry and B&M helped drive European shares higher in early deals on Wednesday, though renewed pain for publisher Pearson weighed on the media sector.
GLOBAL MARKETS-Fed's Yellen to speak: stocks up, dollar sluggish
The dollar was stuck near its lowest in more than a year against the euro on Wednesday while stocks edged higher in light trading ahead of Janet Yellen's testimony to Congress.
New Iran commission to oversee Total gas deal
Iran is forming a government commission to oversee its deal with France’s Total to develop the South Pars gas field, the first major Western energy investment in the Islamic Republic since the lifting of sanctions last year.
Wells Fargo trims auto loans as market cools, risk overhaul kicks in
Wells Fargo & Co is scaling back and remolding its auto lending business in response to growing stress in the market, as well as a bank-wide push for more centralized risk controls.
GM's judgment day: How two Venezuelan car dealers seized an auto factory
Venezuela's government has seized assets from dozens of foreign corporations in nationalizations by the late President Hugo Chavez and the embattled current government of Nicolas Maduro.
Exclusive: Saudis to cut August oil exports to lowest level this year - source
Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC production commitment, a Saudi industry source said.
Yellen to speak: stocks up, dollar sluggish
The dollar was stuck near its lowest in more than a year against the euro on Wednesday while stocks edged higher in light trading ahead of Janet Yellen's testimony to Congress.
SK Hynix CEO says won't drop equity plans for Toshiba chip business deal
SK Hynix Inc said on Wednesday it does not plan to abandon its aim to gain equity in Toshiba Corp's $18 billion chip unit - an assertion that is likely to lower chances of success for the preferred bidder consortium it is part of.
LeEco-backed Faraday Future moves SUV production as work halts on Las Vegas plant
Startup Faraday Future said it would move production of its luxury electric SUV to a new location, from a planned $1 billion Las Vegas factory where construction has ground to a halt amid financial woes of key investor Chinese entrepreneur Jia Yueting.
Apple sets up China data center to meet new cyber-security rules
Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month.
Kaspersky Lab complains it has been drawn into U.S.-Russia geopolitical game: RIA
Russian cyber security firm Kaspersky Lab said on Wednesday it had fallen victim to geopolitical sparring between Russia and the United States, but said it was ready to respond to any questions from U.S. officials, the RIA news agency reported.
China could field nearly half of new electric car models by 2020: study
Chinese automakers are on track to produce 49 of the 103 new electric car models that will be launched globally by 2020, as part of China's push to accelerate the switch to battery power from oil, according to a new forecast released on Wednesday.
Japanese PM Abe promises to help victims of floods; death toll up to 25
Japanese Prime Minister Shinzo Abe on Wednesday visited a region devastated by flooding over recent days and promised that the government would do everything possible to help rebuild.
NASA probe grazes Jupiter's clouds in brush with Great Red Spot
A NASA spacecraft in orbit around Jupiter began transmitting data and images on Tuesday from humanity's closest brush with the Great Red Spot, a flyby of the colossal, crimson storm that has fascinated Earthbound observers for hundreds of years.
Bought for 100 euros, World War Two Enigma machine sells for 45,000
Someone in Romania thought he'd made a fair amount of money when he sold an old typewriter for 100 euros at a flea market. He was wrong.
Motor racing - Who let the dogs out? Formula E boss might
Formula E boss Alejandro Agag has brought plenty of novelty to the world's first all-electric motor racing series and now he is wondering about unleashing fake dogs as a hazard for driverless cars.
Mayweather, McGregor press tour kicks off with a war of words
Undefeated boxer Floyd Mayweather and mixed martial arts champion Conor McGregor traded barbs during a lively press conference in Los Angeles on Tuesday, delighting a rowdy crowd ahead of their Aug. 26 fight in Las Vegas.
GLOBAL MARKETS-Asian shares shrug off Trump controversy, look to Yellen
* Wall St shares recover from Russia Gate worries, but dollar hurt
Exclusive: Ant Financial refiles for U.S. approval of MoneyGram deal - sources
Ant Financial, the affiliate of China's Alibaba Group Holding Ltd that agreed to buy money transfer company MoneyGram International Inc for $1.2 billion, has resubmitted the deal for U.S. review, people familiar with the matter said.
Google Earth to let users post stories, photos in coming years
Alphabet Inc wants users to post millions of stories, video and photos on its Google Earth platform in the next few years, the program chief said on Tuesday at a launch event in Brazil for content focused on showcasing the Amazon rainforest.
Trump-Russia revelations raise hopes for U.S. sanctions bill
The meeting between U.S. President Donald Trump's son and a Russian attorney, and the failure to disclose it, add new urgency to the push to pass a Russian sanctions bill that has been stalled in Congress, lawmakers and aides said on Tuesday.
Among Trump associates, concern and frustration over Donald Jr. crisis
Fresh off one foreign trip and preparing for another, Donald Trump was enjoying a period of relative calm - until the White House was rocked by a fresh controversy over contacts between the president's campaign and Russia.
Trump Jr.'s Russia emails could trigger probe under election law
Donald Trump Jr.'s meeting with a woman he was told was a Russian government lawyer who had incriminating information about Democratic candidate Hillary Clinton that could help his father's presidential campaign could lead investigators to probe whether he violated U.S. election law, experts said.
Motor racing: Silverstone not alone in feeling the pinch, says BRDC
Silverstone is unlikely to be alone among European circuits in deciding it can no longer afford to host Formula One without a better deal, according to British Racing Drivers' Club (BRDC) chairman John Grant.
Colorado joins 'climate alliance' of states fighting global warming
Colorado's governor signed an executive order on Tuesday making his state the latest to join a "climate alliance" of U.S. states and governors seeking to meet the goals of the Paris accord after President Donald Trump's decision to pull out of the pact.
Shia LaBeouf's arrest video shows actor's expletive-filled rant
Videos released by Savannah, Georgia, police on Tuesday of Shia LaBeouf's arrest last week on charges of disorderly conduct and public intoxication shows the actor hurling expletive-filled barbs at officers as he questioned the reason for his arrest.
Intel rolls out new chips in battle for data center business
Intel Corp. on Tuesday announced a new line of microprocessors for data centers, setting up a battle with Advanced Micro Devices and others for the lucrative business of supplying the chips that power cloud computing.
Streaming TV apps grapple with password sharing
More than one-fifth of young adults who stream shows like "Game of Thrones" or "Stranger Things" borrow passwords from people who do not live with them, according to a BusinessOfTurkey/Ipsos poll, a finding that suggests media companies are missing out on significant revenue as digital viewership explodes.
Symantec explores selling web certificates business: sources
Cybersecurity firm Symantec Corp is considering selling its website certification business, in a deal that could fetch more than $1 billion and extricate it from a feud with Alphabet Inc's Google , people familiar with the matter said on Tuesday.
Trump administration limits government use of Kaspersky Lab software
The Trump administration on Tuesday removed Moscow-based Kaspersky Lab from two lists of approved vendors used by government agencies to purchase technology equipment, amid concerns the cyber security firm's products could be used by the Kremlin to gain entry into U.S. networks.
Speaker of Brazil's lower house pushes for swift vote on Temer charge
The speaker of the lower house of Brazil's Congress on Tuesday urged that a vote be held this week on a corruption charge facing President Michel Temer.
Cleric Gulen says he would not flee U.S. to avoid extradition to Turkey
Fethullah Gulen, the U.S.-based Muslim cleric accused by Turkey of instigating last year's failed coup, says he has no plans to flee the United States and would accept extradition if Washington agrees to a request by Ankara to hand him over.
Dutch pass 'tapping' law, intelligence agencies may gather data en masse
The Dutch Senate passed a law early on Wednesday giving intelligence agencies broad new surveillance and other powers, including the ability to gather data from large groups of people at once.
Republicans strike back at new U.S. ban on forced arbitration
Republicans lawmakers on Tuesday started trying to kill a brand-new U.S. rule prohibiting banks and credit card companies from requiring customers who open new accounts to sign...
Amazon.com on pace to break sales record for 'Prime Day'
Amazon.com Inc said on Tuesday its Prime Day sale was on track to be the biggest shopping event in its history by sales.
California battling several large wildfires that forced out residents
More than 7,000 firefighters battled 13 large wildfires in California on Tuesday as the state entered its peak fire season with hot and dry conditions threatening to spread flames that already have forced thousands of people from their homes.
Peru prosecutors seek pretrial detention for ex-president Humala
The Peruvian attorney general's office said on Tuesday it was seeking pretrial detention for former President Ollanta Humala, who is under investigation for money laundering over allegations he took illegal funds from Brazilian builder Odebrecht SA [ODBES.UL].
Golf - USGA dodges report that Trump threatened suit over Women's Open
The U.S. Golf Association would neither confirm nor deny a report on Tuesday that then U.S. presidential candidate Donald Trump threatened to sue them if they decided to move the U.S. Women's Open from his Bedminster course.
Golf - Matsuyama the one to beat at Birkdale, says ex-champion Miller
Former British Open champion Johnny Miller has pegged Hideki Matsuyama as the early favorite to win next week’s championship at Royal Birkdale and become Japan's first major winner.
HSBC, UBS settle U.S. rate-rigging litigation; 10 banks’ total payout tops $408 million
HSBC Holdings Plc and UBS Group AG have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market.
Trump seen replacing Yellen at Fed with NEC's Cohn: Politico
President Donald Trump is increasingly unlikely to nominate Federal Reserve Chair Janet Yellen next year for a second term and National Economic Council Director Gary Cohn is the leading candidate to succeed her, Politico reported on Tuesday, citing four people close to the process.
U.S. probes cause of Marine Corps plane crash that killed 16
U.S. officials on Tuesday were investigating the cause of a military transport plane crash that killed 16 service members including elite special operations forces a day earlier, leaving a miles-long trail of wreckage in rural northern Mississippi.
Kushners seek new plan for flagship NY office after failed Qatar deal
Kushner Cos, the realty company once headed by President Donald Trump's son-in-law, said on Tuesday it is reassessing how to finance the redevelopment of its flagship New York City property after failed talks with a former Qatari prime minister.
Sony Music, Spotify strike licensing deal: Billboard
Sony Music Entertainment has reached a licensing agreement with streaming music service Spotify, Billboard reported, citing sources.
Wells Fargo beats Cincinnati appeal in public nuisance lawsuit
A federal appeals court on Tuesday rejected Cincinnati's effort to hold Wells Fargo & Co liable for creating a public nuisance by letting properties it owned, including through foreclosure, fall into disrepair because the upkeep cost too much.
Wall Street ends flat as politics drive stocks
U.S. stocks ended little changed on Tuesday in a session marked by knee-jerk reactions to events in Washington that drove investors to first worry then hope about prospects for the Trump administration's economic agenda.
Microsoft vows to bring broadband to millions of rural Americans
Microsoft Corp on Tuesday announced an initiative to bring high-speed internet to millions of rural Americans through unused television airwaves in a long-term bet for user growth.
Small satellites driving space industry growth: report
Small satellites used for observing conditions on the earth are the fastest growing segment of the $260.5 billion global satellite industry, the Satellite Industries Association said in an annual report released on Tuesday.
Trump, France's Macron to discuss Syria and terrorism during Paris visit
U.S. President Donald Trump will discuss Syria and counterterrorism when he meets with French President Emmanuel Macron in Paris later this week, a White House official said on Tuesday.
House intel committee wants Trump Jr. to appear before panel: top Democrat
The U.S. House Intelligence Committee wants Donald Trump Jr. to appear before the panel to answer questions about his meeting last year with a Russian lawyer who he believed had information damaging to Hillary Clinton, the committee's top Democrat said on Tuesday.
Peru attorney general seeks detention for ex-President Humala
The Peruvian attorney general's office said on Tuesday it was seeking pre-trial detention for former President Ollanta Humala, who is under investigation for money laundering over allegations that he took illegal funds from Brazilian builder Odebrecht.
U.S., Qatar sign agreement on combating terrorism financing
The United States and Qatar signed an agreement on Tuesday aimed at combating the financing of terrorism, as U.S. Secretary of State Rex Tillerson visited Doha to try to end a month-long rift between Western-allied Arab states.
Giving up the ghost: investors bail on Snap
While that is the premise of Snap Inc’s popular messaging platform, investors also saw any gains from its red-hot IPO disappear when shares plunged far below their initial sale price on Tuesday.
History-maker Konta bests Halep in quarter-final epic
Johanna Konta won a place at the Wimbledon semi-final table on Tuesday in a feast of tension-filled tennis, powering past Simona Halep in three epic sets to become the first British woman to reach the last four in almost 40 years.
Pliskova becomes world number one after Halep defeat
Czech Karolina Pliskova rose to the top of the WTA rankings without striking a ball on Tuesday as results at Wimbledon saw her overhaul Germany's Angelique Kerber.
Querrey out to 'sneak a win' and deflate Murray Mania
Laid-back Californian Sam Querrey has enjoyed life on the fringes at Wimbledon so far this year but will be thrust into the maelstrom of Murray Mania on Wednesday when he faces the defending champion on his favorite court.
US STOCKS-Wall St ends flat as politics drive stocks
* Snap shares drop after downgrade from underwriter Morgan Stanley
Brazil clears Petrobras, advisors of wrongdoing in 2010 share offer
Brazil's securities industry watchdog on Tuesday cleared Petroleo Brasileiro SA , former management and financial advisors of wrongdoing over alleged irregularities relating to the state-controlled oil company's $70 billion share offering in September 2010.
HSBC, UBS settle U.S. rate-rigging cases; 10 banks paying $408.5 million
HSBC Holdings Plc and UBS Group AG have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market.
Wall Street ends near flat; politics drive stocks
U.S. stocks ended near flat on Tuesday in a day driven by political news, including concern over emails disclosed by President Donald Trump's eldest son citing Russian support for his father's election campaign.
Amazon sales of Echo devices on Prime Day ahead of last year
Amazon.com Inc said on Tuesday it has sold more than three times as many Echo family devices worldwide partway through its Prime Day sale than for the entire event in 2016, an early sign of its performance on one of its biggest business days of the year.
Electronics ban on Egypt-U.S. flights to be lifted Wednesday
A three-month-old ban on taking electronic devices such as laptops into aircraft cabins on flights from Egypt to the United States will be lifted on Wednesday, EgyptAir [EGY.UL] Chairman Safwat Musallam said on Tuesday.
U.S. THAAD missile defenses hit test target as North Korea tension rises
The United States said on Tuesday it shot down a simulated, incoming intermediate-range ballistic missile (IRBM) similar to the ones being developed by countries like North Korea, in a new test of the nation's THAAD missile defenses.
Western Digital gets U.S. court order to access Toshiba databases, chip samples
Western Digital Corp won a temporary U.S. court order on Tuesday saying that Toshiba Corp must allow Western Digital's employees to access databases and chip samples as part of a joint venture with Toshiba between the two around flash memory chip plants in Japan.
Rybarikova fairy tale continues as she storms into semis
Unseeded Slovakian Magdalena Rybarikova stormed into the Wimbledon semi-finals by routing Coco Vandeweghe 6-3 6-3 on Tuesday in a rain-plagued match that was halted for hours before being moved beneath the roof of Centre Court.
Pliskova becomes Tennis world number one after Halep defeat
Czech Karolina Pliskova rose to the top of the WTA rankings without striking a ball on Tuesday as results at Wimbledon saw her overhaul Germany's Angelique Kerber.