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GLOBAL MARKETS-Stocks slip on trade worries as record high stays elusive

World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the U.S. and China can agree a truce in their damaging trade war. The MSCI All Country world index, which tra…

November 29, 2019Comments Off on GLOBAL MARKETS-Stocks slip on trade worries as record high stays elusiveRead More

Germany plans rapid state intervention to protect key industries

German Economy Minister Peter Altmaier wants to set up a new government body with powers to decide quickly whether to take stakes in key domestic companies to prevent foreign takeovers. Altmaier presented his new industrial strategy on Friday, includi…

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Australia jails three Isil-inspired militants for decades over Melbourne Christmas bomb plot in 2016

Australia jails three Isil-inspired militants for decades over Melbourne Christmas bomb plot in 2016A court in Australia sentenced three men on Friday to decades in prison for plotting bomb attacks on Christmas Day in 2016 at key sites in the southeastern city of Melbourne, police said. The men were found guilty last year of planning the attacks in Australia’s second city in what authorities called “an imminent terrorist event” inspired by militant group Islamic State. A 24-year-old man, Hamza Abbas, was jailed for 22 years, while Ahmed Mohamed, 25, and Abdullah Chaarani, 29, were jailed for 38 years including sentences for another attack, the Australian Federal Police said in a statement. Supreme Court judge Christopher Beale said the three had embraced Islamic State ideology and believed the planned attack would be pleasing to Allah, the Australian Broadcasting Corp said. “The stupidity of that belief was matched only by its malevolence,” the broadcaster quoted Beale as saying. It was not immediately clear if the men would appeal their sentences. A lawyer for Abbas declined to comment, while lawyers for the other two could not immediately be reached for comment. The plan was “one of the most substantial terrorist plots disrupted over the last several years”, then prime minister Malcolm Turnbull said after the men were charged in 2016. They had targeted locations such as Federation Square, Flinders Street Station and St Paul’s Cathedral for attack “possibly on Christmas Day”, authorities said. The suspects had been under surveillance for weeks, police said at the time.

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UK PM Johnson says UK will leave EU by Jan. 31 at the latest

British Prime Minister Boris Johnson said on Friday that Britain would leave the European Union by Jan. 31 at the latest if his Conservative Party win a majority in the election in two weeks time. “If we can get a working majority then we will come on…

November 29, 2019Comments Off on UK PM Johnson says UK will leave EU by Jan. 31 at the latestRead More

China seeks to root out fake news and deepfakes with new online content rules

BEIJING/SHANGHAI, Nov 29 (Reuters) – Chinese regulators have announced new rules governing video and audio content online, including a ban on the publishing and distribution of “fake news” created with technologies such as artificial intelligence and v…

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Farm machinery makers, Brazil banks working on private financing – Deere

Agricultural machine manufacturers are working with banks in Brazil to avoid a repeat of slumping sales when public financing is expected to run out next year, the head of the local unit of U.S. tractor maker Deere & Co told Reuters on Thursday. The …

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2 moms who paid off more than $300,000 in debt share tips for not going into debt at Christmas

Chonce Rhea, mom of a 9-year-old son, has been there and done that when it comes to overspending for Christmas. “When he was young, I gave him a huge Christmas and thought that was the way to do things,” Rhea, founder of MyDebtEpiphany.com, a personal…

November 29, 2019Comments Off on 2 moms who paid off more than $300,000 in debt share tips for not going into debt at ChristmasRead More

Iraq death toll passes 400 in weeks of mass protests – police, medics

The death toll in Iraq from weeks of anti-government unrest rose on Friday to at least 408 people killed, mostly unarmed protesters, a Reuters count based on police and medical sources showed. Several people died of wounds sustained in clashes on Thur…

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Japan's Aeon signs up Ocado in online grocery bet

TOKYO/LONDON (Reuters) – Japan’s biggest supermarket group, Aeon Co Ltd has hired British online grocery pioneer Ocado to develop its e-commerce business, hoping to fend off rivals such as Amazon as more customers buy groceries online. Ocado shares l…

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PM Johnson says UK would walk away from US trade talks if NHS was on the table

British Prime Minister said he would walk out of post-Brexit trade talks with the United States if it was a pre-condition that Britain’s state-run National Health Service (NHS) was on the table in discussions. “I can tell you were the United States, o…

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UK Conservatives complain to TV watchdog over climate debate

Britain’s governing Conservative Party was feuding with broadcaster Channel 4 on Friday after the network put an Earth-shaped ice sculpture in place of Prime Minister Boris Johnson after he declined to appear for a climate change-themed TV debate. Fiv…

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