EUROPE

Niki Lauda to buy airline he founded, administrators say

VIENNA (Reuters) – Former Formula One champion Niki Lauda will acquire Niki, the airline he founded, after a meeting of its Austrian creditors unanimously supported his bid, the carrier’s Austrian and German administrators said on Tuesday. Lauda’s successful bid scuppers a previously agreed sale of Niki to British Airways owner IAG, which was thrown into doubt this month after two ...

Read More »

As U.S. goes quiet on close naval patrols, China speaks out

HONG KONG/BEIJING (Reuters) – While the Pentagon plays down patrols close to Chinese-controlled reefs and islands in the South China Sea, Beijing is sounding the alarm about them, seeking to justify what experts say will be an even greater presence in the disputed region. Chinese officials publicized the latest U.S. “freedom of navigation patrol”, protesting the deployment last week of ...

Read More »

Charing Cross station shut after gas leak in nearby area

(Reuters) – London’s Charing Cross station was closed early on Tuesday morning due to a “large” gas leak in a nearby area, rail operators and the fire brigade said, prompting the police to evacuate hundreds of people from a hotel and a nightclub. “Around 1,450 people have been evacuated from a nearby hotel and a nightclub,” the London Fire Brigade ...

Read More »

Stocks scale record highs as U.S. govt shutdown ends, yen inches up after BOJ

TOKYO (Reuters) – Asian stocks advanced on Tuesday after U.S. senators struck a deal to end a three-day government shutdown, sending Wall Street’s main indexes to record highs, while the dollar inched down against the yen after the Bank of Japan kept policy steady. U.S. lawmakers passed a short-term measure on Monday to fund the federal government through Feb. 8. ...

Read More »

Asia stocks rise as US govt shutdown ends, dollar/yen inches down

TOKYO (Reuters) – Asian stocks advanced on Tuesday after U.S. senators struck a deal to end a three-day government shutdown, sending Wall Street’s main indexes to record highs, while the dollar inched down against the yen after the Bank of Japan kept policy steady. U.S. lawmakers passed a short-term measure on Monday to fund the federal government through Feb. 8. ...

Read More »

Hurry up, German conservative urges Social Democrats on coalition

BERLIN (Reuters) – A leading member of Chancellor Angela Merkel’s conservatives has urged Social Democrats (SPD) to finish coalition talks within two to three weeks, warning that Germans were losing trust in democracy after months without a new government. Volker Kauder, who leads conservatives in parliament, rejected calls by Martin Schulz, the embattled leader of the centre-left SPD, for revisiting ...

Read More »

Netflix crosses $100 billion market capitalisation as subscribers surge

(Reuters) – Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world. The results drove Netflix to a market capitalisation of more than $100 billion (£71.6 billion) for the first time. ...

Read More »

South Korea government rejects 'Pyongyang Olympics' criticism

SEOUL (Reuters) – Seoul’s presidential Blue House rejected criticism on Tuesday that next month’s Winter Games had been hijacked by North Korea, saying the event will help defuse tensions over Pyongyang’s nuclear and missile programmes. Some opposition politicians and conservative civic in South Korea have criticised North Korea’s participation in the Games, to be held in the South Korean alpine ...

Read More »

Optimism booms among Davos CEOs despite geopolitical storm clouds

DAVOS, Switzerland (Reuters) – Chief executives are more optimistic about the economic outlook than they have been for many years although anxieties are rising about geopolitics, cyber threats and terrorism, a survey showed on the eve of the World Economic Forum (WEF) in Davos. The PwC survey of nearly 1,300 CEOs found that 57 percent expect global growth to improve ...

Read More »

Government shutdown fizzles on spending, immigration deal in U.S. Congress

WASHINGTON (Reuters) – Congress voted on Monday to end a three-day U.S. government shutdown, approving another short-term funding bill as Democrats accepted promises from Republicans for a broad debate later on the future of young illegal immigrants. The fourth temporary funding bill since October easily passed the Senate and the House of Representatives. That sent it to the White House, ...

Read More »