Jupiter Asset Management has named Andrew Formica as its new chief executive, after veteran investor Maarten Slendebroek said he would resign the role on March 1.Read More
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U.S. to formally seek extradition of Huawei executive Meng Wanzhou – Globe and Mail
The United States will proceed with the formal extradition from Canada of Huawei executive Meng Wanzhou, Canada's ambassador to the United States told the Globe and Mail tgam.ca/2CA6ejq, as Beijing vowed to respond to Washington's actions.Read More
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Foxconn says there is a need to hire 50,000 people in first-quarter after job cut reports
Taiwan's Foxconn, assembler of Apple Inc's iPhones, on Tuesday said it still has a need to hire 50,000 people in the first quarter, amid reports of mass lay-offs across its factories in China.Read More
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South Korea to launch its biggest investigation of sex abuse in sports
South Korea will hold its largest ever investigation into sexual abuse in sports, its human rights watchdog said on Tuesday, after an Olympic speed skating star accused her former coach of abuse triggered a wave of similar accounts from athletes.Read More
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Italy’s Salvini says France has no interest in stabilising Libya
Italy's Deputy Prime Minister Matteo Salvini, continuing a war of words between Rome and Paris, said on Monday that France had no interest in bringing calm to violence-ravaged Libya because of its energy interests.Read More
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KPMG subject of second UK investigation over Carillion audit
Britain's Financial Reporting Council (FRC) has opened a second investigation into how accounting firm KPMG audited the books of collapsed UK construction company Carillion, the watchdog said on Tuesday...Read More
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Carige needs 200 million euros of fresh capital – Il Sole 24Ore citing study
Italy's Banca Carige needs 200 million euros (176.4 million pounds) of fresh capital to clean its balance sheet from soured loans and to attract a potential buyer in the future, daily Il Sole 24Ore reported in Tuesday.Read More
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South Korean court suspends regulator’s disciplinary action against Samsung BioLogics
A South Korean court has suspended the financial regulator's disciplinary action against Samsung BioLogics Co Ltd for allegedly breaching accounting rules, an official at the Seoul Administrative Court said on Tuesday.Read More
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Tesla says it has no agreement with Chinese battery maker Lishen
Tesla Inc denied on Tuesday that it had signed a preliminary agreement with Tianjin Lishen to supply batteries for its new Shanghai car factory, saying it had received quotes from the Chinese battery maker but did not proceed further. Read More
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Vienna Airport reports a record 34.4 million passengers in 2018
Vienna Airport reported an 11.3 percent increase in passengers last year to a record high 34.4 million, it said on Tuesday.Read More
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Exclusive: Tesla says it received battery quotes from China’s Lishen but no deal agreed
Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm.Read More
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Close Brothers expects ‘solid outcome’ for first half
British lender Close Brothers Group said on Tuesday it expected a "solid outcome" for the first half driven by strength in its banking division, asset management divisions and trading activity at its market maker, Winterflood. Read More
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Hugo Boss sales accelerate in key Christmas quarter
German fashion house Hugo Boss predicted more expansion this year after it saw sales growth pick up at the end of 2018, helped by strong growth in China, Britain and France and as well as online.Read More
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China approves third batch of video games; Tencent still absent
China's publishing regulator on Tuesday approved the release of a third batch of video games after a freeze for most of last year, with industry-leader Tencent Holdings Ltd still absent from the list of new titles.Read More
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Drone disruption at Gatwick hits easyJet operations and costs
British budget airline easyJet said on Tuesday that drone disruption at London's Gatwick airport in December had cost it millions of pounds in lost operating revenue and additional costs.Read More
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China says U.S., Canada abused extradition agreement over Huawei executive Meng
China said on Tuesday that the United States and Canada had abused their extradition agreement in the case of arrested Huawei executive Meng Wanzhou, after Canada's ambassador to the United States said it would proceed with formal extradition.Read More
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Germany’s Barley disappointed by May’s Brexit plan, suggests second referendum
German Justice Minister Katarina Barley said on Tuesday she was disappointed by British Prime Minister Theresa May's plan to break a deadlock over Brexit and called on Britain to hold a second referendum.Read More
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Body of slain journalist found in northwest Mexico
The body of a slain journalist was found in northwestern Mexico, authorities said on Monday, adding to a long list of reporters who have fallen victim to record levels of violence in the country.The corpse of Rafael Murua Manriquez, 34, was found late Sunday afternoon by the side of a road between the towns of... Continue Reading →
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Two killed as plane crashes near homes in Ohio – media
Two pilots were killed and four passengers injured when their plane crashed shortly after takeoff on Monday in northeastern Ohio, clipping power lines and almost crashing into homes in snow-covered Apple Creek, U.S. media reported, citing officials.Read More
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Indonesia to review early release of cleric linked to Bali bombings
Indonesia is reviewing a decision to grant early release to a radical Muslim cleric linked to the 2002 Bali bombings, Abu Bakar Bashir, authorities said, after news of the plan provoked criticism.Read More
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Gabriel’s journey: A transgender Spaniard makes the change
Gabriel Diaz de Tudanca is a 19-year-old Spaniard who, although born a girl, identified as male from early childhood. "When I was three years old I came back from school and said to my mother that when I grew up I was going to be a man called Oscar," he says.Read More
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Magnitude six quake hits Indonesia, no immediate reports of damage
An earthquake of magnitude 6 struck south of the city of Raba on Indonesia's central island of Sumbawa on Tuesday, the U.S. Geological Survey (USGS) said.There was no immediate tsunami warning or reports of damage or casualties from the quake, which hit at a depth of 25 km (16 miles) about 219 km (136 miles)... Continue Reading →
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Tokyo court denies latest bail request of Nissan’s Ghosn
Carlos Ghosn's latest request for bail was rejected by a Tokyo court on Tuesday, despite the ousted Nissan chairman offering to wear an electronic ankle tag in an unusual bid to win release after two months of detention for alleged financial crimes.Read More
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Ten crew members dead after two ships catch fire near Crimea
Ten crew members have been found dead and 14 have been rescued after two ships caught fire in the Kerch Strait near Crimea, Russian's transport ministry told Reuters on Monday, with a rescue operation still underway.Read More
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Nigeria’s ruling party accuses opposition of plotting pre-vote violence
Nigerian President Muhammadu Buhari's government accused the main opposition party of planning violence ahead of next month's election in a nation with a history of unrest and fraud allegations around votes. Read More
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Zimbabwe to investigate misconduct by security forces in protests – Mnangagwa
Zimbabwe President Emmerson Mnangagwa said on Tuesday that misconduct by security forces reacting to protests over fuel price hikes would be investigated, but he added the increases were the right thing to do. Read More
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Cambodian leader, in Beijing, says China pledges nearly $600 million in aid
China has pledged 4 billion yuan ($588 million) in aid to Cambodia from 2019 to 2021, Prime Minister Hun Sen said on Tuesday, highlighting strong ties between Beijing and Phnom Penh amid a European Union threat of trade sanctions.Read More
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Death toll from ship blaze near Crimea rises to 14 – TASS
The death toll from a fire on board two ships in the Kerch Strait near Crimea has risen to 14, TASS news agency cited a source in Russia's emergency services as saying. Read More
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Ten sailors dead, 14 saved after two ships catch fire near Crimea
Ten crew members have been found dead and 14 have been rescued after two ships caught fire in the Kerch Strait near Crimea, Russia's transport ministry said on Monday, with a rescue operation still underway. Read More
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China’s top steelmaking city issues level 2 smog alert
China's top steelmaking city of Tangshan issued a second-level or "orange" pollution alert on Tuesday in response to a wave of smog expected to blanket the region, local government-backed media reported.The alert will take effect from Jan. 22 until Jan. 25.Read More
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Tesla’s Model 3 gets green light in Europe
Tesla's Model 3 has been given the green light to hit the road in Europe, clearing the final hurdle for the European introduction of the battery-powered sedan expected next month. The Model 3 is a crucial project for Tesla as the U.S. electric vehicle maker known for its high-price luxury cars tries to reach the... Continue Reading →
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In win for tech giants, EU copyright reforms stalled
EU efforts to reform copyright rules hit a roadblock on Monday when a meeting of lawmakers and officials was called off, prompting criticism of Google from publishers after it and other tech giants lobbied against the changesRead More
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Facebook to add 1,000 new jobs in Ireland by year-end
The social media giant Facebook will hire an additional 1,000 people at its international headquarters in Dublin this year, the second major jobs announcement from a U.S. multinational in Ireland in a matter of days. Read More
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Facebook’s WhatsApp limits users to five text forwards to curb rumors
Facebook Inc's WhatsApp is limiting worldwide the number of times a user can forward a message to five, starting on Monday, as the popular messaging service looks to fight "misinformation and rumors", company executives said on Monday...Read More
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Box Office – ‘Glass’ dominates MLK weekend with $47 million
M. Night Shyamalan's "Glass" topped box office charts during the Martin Luther King Jr. holiday, collecting $40 million over the weekend for a four-day sum of $47 million.If estimates hold, "Glass" will come in behind "American Sniper" ($107 million) and "Ride Along" ($48 million) as the third-best showing for both January and MLK holiday weekend.Read... Continue Reading →
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Travolta’s ‘Gotti,’ Trump get Razzie ‘worst film’ nods
John Travolta's mob movie flop "Gotti" and President Donald Trump were nominated on Monday for the Razzie Awards for the worst films of 2018 after a year that organizers called full of disasters - both on and off screen.Read More
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Giuliani backtracks on comments Trump sought Moscow deal throughout 2016
U.S. President Donald Trump's lawyer Rudy Giuliani backtracked on Monday from earlier comments that Trump pursued a business deal to erect a tower bearing his name in Moscow throughout 2016, saying his statements "were hypothetical and not based on conversations I had with the President." Read More
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Germany calls on Britain to make proposal to end Brexit deadlock
Germany continues to advocate an orderly exit of Britain from the European Union and Berlin expects the British government to agree soon on proposals that are backed by a majority of parliament, a German government spokesman said on Monday.Read More
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Los Angeles teachers’ strike to continue through Tuesday – union
Los Angeles teachers will extend their strike to a sixth school day on Tuesday even if contract negotiators reach a deal before then, because the union rank-and-file must ratify any tentative agreement before ending the walkout, the union said on Monday. A fifth day of contract negotiations took place on Monday in an attempt to... Continue Reading →
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Japan firms have no plans to strengthen governance after Ghosn arrest – Reuters poll
Three-quarters of Japanese companies have no plan to create committees overseeing compensation or executive nomination, a Reuters poll found, reflecting indifference to boosting governance after the arrest of former Nissan boss Carlos Ghosn.Read More
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Japan firms wary of boosting investment amid intensifying trade war – Reuters poll
Over a third of Japanese firms aim to raise capital expenditure in the fiscal year starting April, with many others worried about the impact on spending plans of a trade war between major markets China and the United States, a Reuters survey showed. Read More
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South Korea quarter four GDP marks fastest growth in three quarters on government spending lift
South Korea's economy expanded at the fastest pace in three quarters in the last three months of 2018 thanks to a jump in government spending, though weakness in exports cast a cloud over the outlook for growth.Read More
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Oil and gas executives expect to boost spending this year – survey
The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.DNV, a technical adviser to the energy industry, surveyed 791 senior professionals from firms with annual revenue ranging from $500 million or less to... Continue Reading →
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Murders in Mexico rise by a third in 2018 to new record
Murders in Mexico rose by 33 percent in 2018, breaking the record for a second year running, official data showed, underlining the task facing the new president who has pledged to reduce violence in the cartel-ravaged country.Read More
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Mexico pipeline explosion killed 89, Pemex defends response
A gasoline pipeline explosion in central Mexico last week killed at least 89 people, the country's health minister said on Monday, while an official with the state-owned oil company defended its response to the leak.Read More
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Brazil to privatise more airports, railways for grains
Brazil's government will announce the privatisation of southern airports, including Curitiba, in the second quarter of this year, according to Adalberto Vasconcelos, head of the PPI government programme tasked with luring private investment in the country's infrastructure.Read More
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Oil edges up as investors latch on to OPEC cuts, supply outlook
Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China's economic growth is cooling and instead latched on to positive supply-side drivers for the market.Read More
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Palestinian shot dead while trying to stab Israeli soldier – army
An Israeli soldier fatally shot a Palestinian man who tried to stab a fellow soldier in the occupied West Bank on Monday, the Israeli military said.Read More
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Canada should ban Huawei from 5G networks, says former spy chief
Canada should ban China's Huawei Technologies Co Ltd [HWT.UL] from supplying equipment to Canadian 5G networks because the security risk is too great, a former spy chief said in an article published on Monday.Read More
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Report reveals an undeclared North Korean missile base headquarters
One of 20 undeclared ballistic missile operating bases in North Korea serves as a missile headquarters, according to a report by the Center for Strategic and International Studies (CSIS) published on Monday.Read More
