ELAZIG, Turkey (Reuters) – The death toll from a powerful earthquake in eastern Turkey reached 22 on Saturday, as rescuers searched for an estimated 22 more people trapped under the rubble of collapsed buildings. A villager stands next to his collapsed house after an earthquake in Sivrice near Elazig, Turkey, January 25, 2020. REUTERS/Sertac Kayar […]
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WRAPUP 5-China virus toll hits 41; Australia reports first four cases
BEIJING (Reuters) – The death toll from China’s coronavirus outbreak jumped on Saturday to 41 from 26 a day earlier as the Lunar New Year got off to a gloomy start, with many transport links and tourist sites shut, while Australia confirmed its first four cases. More than 1,300 people have been infected globally with […]
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Local Climate Policy Run Amok, Bellingham Edition
Yves here. This post on Bellingham is a mini-case study in a community-level climate change initiative. Since local politics is where citizens typically can have the biggest impact, it’s therefore germane to a lot of readers. What it illustrates, sadly, is that even on a small scale, devising good policy is often hard. By Peter […]
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Another Great Depression or Tax Justice and Transparency? The Tax Justice Network January 2020 Podcast
Yver here. Lots of meaty topics this time at the TaxCast….like whether Brexit will usher in a buccaneer tax/finance regime, is depression just around the corner, and the looting of Angola. By Naomi Fowler. Originally published at Tax Justice Network The Taxcast kicks off the new decade with: the French strikes – tax justice and […]
Read MoreUPDATE 2-Turkey quake kills at least 21, rescuers dig for survivors
ELAZIG, Turkey (Reuters) – A powerful earthquake struck eastern Turkey late on Friday, killing at least 21 people and collapsing buildings in towns near the centre of the tremor, which was strong enough to be felt in several neighbouring countries. A villager stands next to his collapsed house after an earthquake in Sivrice near Elazig, […]
Read MoreWRAPUP 4-China virus death toll rises to 41, more than 1,300 infected worldwide
BEIJING (Reuters) – The death toll from China’s coronavirus outbreak jumped on Saturday to 41 from 26 a day earlier as the Lunar New Year got off to a gloomy start, with authorities curbing travel and cancelling public gatherings. More than 1,300 people have been infected globally with a virus traced to a seafood market […]
Read MoreUPDATE 2-Fiat Chrysler asks U.S. court to toss out GM racketeering claims -filing
(Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) on Friday urged a federal judge to throw out a General Motors Co’s (GM.N) lawsuit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put GM at a multibillion dollar labor cost disadvantage. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen […]
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Toshiba Machine to seek shareholders approval for takeover defence
TOKYO (Reuters) – Japan’s Toshiba Machine (6104.T) said on Friday it would seek shareholders’ approval if it decides to adopt defense measures against a hostile takeover, agreeing to demand from a prominent activist investor targeting the molding machine company. The former Toshiba Corp (6502.T) unit has threatened to implement “poison-pill” defense as investor Yoshiaki Murakami […]
Read MoreUPDATE 1-Trump speaks with British PM Johnson about telecoms security -White House
FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears a […]
Read MoreUPDATE 2-New U.S. curb on Huawei in limbo amid pushback from Pentagon -sources
WASHINGTON (Reuters) – The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China’s Huawei Technologies amid concerns from the Defense Department the move would harm U.S. businesses, people familiar with the matter said. FILE PHOTO: Huawei’s first global flagship store is pictured in Shenzhen, Guangdong province, China October 30, 2019. […]
Read MoreTrump speaks with British PM Johnson about telecoms security -White House
FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears a […]
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Fiat Chrysler asks U.S. court to toss out GM racketeering claims – filing
Jan 24 (Reuters) – Fiat Chrysler Automobiles NV late on Friday urged a U.S. District Court to throw out General Motors Co’s suit accusing Fiat Chrysler of racketeering and bribing officials of the United Auto Workers union to put GM at a multi-billion dollar labor cost disadvantage. Fiat Chrysler’s motion to dismiss GM’s civil racketeering […]
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Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme
(Reuters) – The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Jeff Carpoff, 49, pleaded guilty to money laundering and conspiracy to commit wire fraud, […]
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UPDATE 3-FAA tells U.S. airlines it could approve MAX return to service before mid-year -sources
(Recasts first sentence with potentially faster time frame, adds details on 787 and 777X aircraft, updates Boeing share move) By David Shepardson WASHINGTON, Jan 24 (Reuters) – Federal Aviation Administrator Steve Dickson called senior U.S. airline officials on Friday and told them the agency could approve the grounded Boeing 737 MAX’s return to service before […]
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Boeing seeks up to US$12bn in loans to ease liquidity needs
NEW YORK, Jan 24 (LPC) – Airplane manufacturer Boeing Co is in talks with banks to obtain up to US$12bn in loans, a move that comes as financial pressures mount on a company reeling from a production halt on its 737 MAX aircraft, sources said. The facility, which is expected to be at least US$10bn […]
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Trump impeachment trial’s U.S. TV audience slips during Democrats’ arguments -Nielsen
Jan 24 (Reuters) – The U.S. television audience for Democrats’ arguments that President Donald Trump should be impeached declined on Thursday to roughly 7.8 million viewers during live daytime coverage, according to data from the Nielsen ratings agency. The viewership was a 29% drop from Tuesday afternoon when about 11 million watched lawmakers spar over […]
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CORRECTED-UPDATE 2-FAA tells U.S. airlines it could approve MAX return to service before mid-year -sources
(Corrects headline to show FAA told airlines MAX could get approved to return to service before mid-year, not could return to service before mid-year) By David Shepardson WASHINGTON, Jan 24 (Reuters) – Federal Aviation Administrator Steve Dickson has called senior U.S. airline officials Friday and told them that the agency could approve the grounded Boeing […]
Read MoreWith Wuhan virus genetic code in hand, scientists begin work on a vaccine
CHICAGO/LONDON (Reuters) – When a newly organized vaccine research group at the U.S. National Institutes of Health (NIH) met for the first time this week, its members had expected to be able to ease into their work. But their mandate is to conduct human trials for emerging health threats – and their first assignment came […]
Read MoreGLOBAL MARKETS-China virus fears spook U.S. shares, oil prices
NEW YORK (Reuters) – U.S. shares and crude prices fell sharply on Friday as investors moved into safe-haven assets amid concerns that a spreading virus from China would curb travel and hurt economic demand. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. […]
Read MoreUS STOCKS-The S&P 500 has worst day since October as virus fears mount
NEW YORK (Reuters) – Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500’s worst week in six months. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, […]
Read MoreUPDATE 9-Brent logs worst weekly loss in a year as China virus fears swell
NEW YORK (Reuters) – Crude prices fell more than 2% on Friday and headed for a steep weekly decline over concerns that the coronavirus will spread farther in China, the world’s second-largest oil consumer, curbing travel and oil demand. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August […]
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US STOCKS SNAPSHOT-Wall Street slides as China virus concerns mount
NEW YORK, Jan 24 (Reuters) – Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500’s biggest weekly decline in six months. The Dow Jones Industrial Average fell 170.36 points, or 0.58%, to 28,989.73, the S&P 500 lost […]
Read MoreWRAPUP 11-China heads into Lunar New Year on shutdown as virus spreads to Europe
BEIJING (Reuters) – A new coronavirus that has killed 26 people in China was confirmed in Europe for the first time on Friday as it spreads despite Chinese attempts to quarantine the city at the heart of the outbreak. China closed Shanghai Disneyland and part of the Great Wall and suspended public transportation in 10 […]
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