Tag Archives: Reuters

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 ...

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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 ...

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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, ...

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Asia stocks rise as end to U.S. government shutdown buoys Wall Street, dollar steady

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 and keeping the dollar well supported. U.S. lawmakers passed a short-term measure on Monday to fund the federal government through Feb. 8. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose ...

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Driver who targeted London mosque was angered by Islamist attacks, TV show-prosecutor

LONDON (Reuters) – A man who drove a van into Muslim worshippers outside a mosque last June was motivated by deadly Islamist attacks in Britain and an obsession with a television account of Muslim men who targeted white girls, a London court heard on Monday. Darren Osborne, 48, also lambasted politicians, calling London Mayor Sadiq Khan a disgrace and Labour ...

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Jaguar Land Rover to cut output due to Brexit, diesel uncertainty to hit sales

LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) will temporarily reduce production at its northern English car plant in Halewood later this year in response to weakening demand due to Brexit and tax hikes on diesel cars. Jaguar Land Rover’s sales in Britain and Europe were flat in 2017 and it expects tough conditions to continue, the company’s ...

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Tesco UK to cut net 800 jobs in cost-cutting drive

LONDON (Reuters) – Britain’s biggest retailer Tesco (TSCO.L) said on Monday it will cut a net 800 jobs from its UK business in its latest move to simplify operations and achieve targeted cost savings. The supermarket group, the UK’s largest private sector employer with a staff of over 310,000, said the role of “people manager” and “compliance manager” will be ...

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Assange team hopes UK could declare him persona non grata

London (Reuters) – Julian Assange and his advisers are preparing to try to use Ecuador’s decision to grant him diplomatic status to force Britain to declare him persona non grata and expel him, a source close to Assange said. Reuters also has learnt that as part of their continuing criminal investigation of Assange and WikiLeaks, investigators from the Federal Bureau ...

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UKIP in chaos over racist messages

LONDON (Reuters) – The United Kingdom Independence Party, which transformed British politics by securing a referendum on EU membership, was close to meltdown on Monday over the fate of its leader, whose lover made racist comments about Prince Harry’s fiancee Meghan Markle. Under Nigel Farage, UKIP became a significant force in British politics by convincing the government to call a ...

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UK stocks decline as gamblers stumble on government clampdown worries

MILAN (Reuters) – British shares stumbled on Monday as strength in the pound weighed, while gambling companies suffered double-digit falls as fears of a government clampdown weighed on that sector. Shares in William Hill (WMH.L) and Ladbrokes (LCL.L) fell 11.6 percent and 7.9 percent respectively after reports that the government was set to lower the limit on betting shop terminals ...

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