Money

China to set up local govt debt monitoring system – China Daily

SHANGHAI, Sept 25 (Reuters) – China is building a nationwide system to monitor the income and expenditure of local governments in a bid to control debt, the official China Daily reported on Tuesday, citing finance ministry officials. As China steps up infrastructure spending in a bid to offset the economic impact of trade frictions with […]

Technology

U.S. Justice Department to discuss consumer protection at social media meeting

WASHINGTON (Reuters) – The U.S. Justice Department said on Monday it will hold a “listening session” with officials from more than a dozen states on Tuesday to discuss consumer protection and the technology industry, an agency official said. FILE PHOTO: The Department of Justice (DOJ) logo is pictured on a wall after a news conference […]

Money

UK to favor skilled migration, no EU preference after Brexit: reports

LONDON (Reuters) – Prime Minister Theresa May and her ministers have agreed to focus Britain’s post-Brexit migration system on high-skilled migrants and will not offer preference to European Union workers, newspapers said. In a nod to the concerns of businesses, the plan backed by May’s cabinet on Monday would also allow some access for low-skilled […]

Money

Oxford University offers boost for businesses that put people before profit

LONDON, Sept 25 (Thomson Reuters Foundation) – After decades of incubating science and engineering companies, Oxford University announced on Tuesday it is branching out to support businesses that put people before profit, seeking to maximise the impact of its academic research on the world. The world-leading British university is launching a programme to support social […]

Technology

U.S. Justice Dept to discuss consumer protection at social media meeting

(Reuters) – The U.S. Justice Department said on Monday it will hold a “listening session” with officials from more than a dozen states, including nine attorneys general, on Tuesday to discuss consumer protection and the technology industry, an agency official said. FILE PHOTO: The Department of Justice (DOJ) logo is pictured on a wall after […]

Money

World’s wealthiest eye more private equity after bumper 2017

* Average 2017 return of 311 family offices was 15.5 pct * Portfolios have 46 pct allocation to ‘alternatives’ * Offices see direct private equity best for 2018 By Simon Jessop LONDON, Sept 25 (Reuters) – The world’s wealthiest families plan to allocate more money to private equity after the asset class helped drive an […]

Top News

UK to favour skilled migration, no EU preference after Brexit – reports

LONDON (Reuters) – Prime Minister Theresa May and her ministers have agreed to focus Britain’s post-Brexit migration system on high-skilled migrants and will not offer preference to European Union workers, newspapers said. In a nod to the concerns of businesses, the plan backed by May’s cabinet on Monday would also allow some access for low-skilled […]

Money

Thousands in South Carolina brace for post-Florence flooding

CHARLESTON, S.C./RALEIGH, N.C. (Reuters) – Thousands of people in and around the city of Georgetown, South Carolina, were urged to evacuate on Monday as two rivers gorged with rain from long-departed Hurricane Florence will flood the area this week. More than 10 days after the storm made landfall and killed 46 people mostly in North […]

Top News

Trump says expects announcement of new summit with North Korea’s Kim ‘pretty soon’

UNITED NATIONS (Reuters) – U.S. President Donald Trump said on Monday he expected a second summit with North Korean leader Kim Jong Un to be announced “pretty soon” but that the location had yet to be determined. Trump, during a meeting with South Korean President Moon Jae-in at the United Nations, said: “Chairman Kim has […]

Health

UnitedHealth warns hospitals about Envision ER contracts

NEW YORK (Reuters) – UnitedHealth Group Inc will treat emergency room and other hospital services performed by Envision Healthcare as out-of-network claims beginning next year after failing to reach a new contract agreement with the staffing company, UnitedHealth said on Monday. FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the […]

Top News

UK to take over Liverpool hospital build after Carillion collapse – Sky News

(Reuters) – The British government will step in to bail out a 335 million pound new hospital in the city of Liverpool, after the collapse of Carillion, which was overseeing the deal, Sky News reported on Monday. FILE PHOTO – Contractors walk inside Carillion’s Royal Liverpool Hospital site in Liverpool, Britain, January 16, 2018. REUTERS/Phil […]

Money

Australia shares to open flat; New Zealand down

Sept 25 (Reuters) – Australian shares were poised to open steady on Tuesday, as gains in the energy stocks on the back of firm oil prices are likely to offset weakness in the mining sector. Global benchmark Brent crude jumped on Monday to a four-year high above $80 per barrel after Saudi Arabia and Russia […]

Top News

U.S. accuses Myanmar military of ‘planned and coordinated’ Rohingya atrocities

WASHINGTON (Reuters) – A U.S. government investigation has found that Myanmar’s military waged a “well-planned and coordinated” campaign of mass killings, gang rapes and other atrocities against the Southeast Asian nation’s Rohingya Muslim minority. FILE PHOTO: A Myanmar soldier patrols in a boat at the Mayu river near Buthidaung in the north of Rakhine state, […]

Health

Special Report – High-nicotine e-cigarettes flood market despite FDA rule

(Reuters) – The sleek Juul electronic cigarettes have become a phenomenon at U.S. high schools, vexing educators and drawing regulatory scrutiny over their sweet flavours and high nicotine content. Now, a new wave of lower-priced Juul knock-offs is showing up at convenience stores, vape shops and online – despite a U.S. Food and Drug Administration […]

Money

Follow the money, says new global anti-slavery effort

UNITED NATIONS (Thomson Reuters Foundation) – The principality of Liechtenstein kicked off a campaign on Monday to enlist the global financial sector to fight modern slavery, flexing its role as a center of world wealth management to tap the clout of banks, hedge funds and investors. The financially focused effort aims to fight money laundering […]

Top News

Trump Supreme Court nominee rejects ‘false accusations’

WASHINGTON (Reuters) – U.S. Supreme Court nominee Brett Kavanaugh said on Monday he would not step aside after a second woman accused him of sexual misconduct decades ago, with President Donald Trump and fellow Republicans showing no signs of relenting in their push for his Senate confirmation. “The truth is I’ve never sexually assaulted anyone, […]

Health

Gender nonconforming teens face higher risk of mental distress

(Reuters Health) – Compared to teens whose gender expression matches societal expectations, gender nonconforming adolescents may be more likely to experience mental health problems, a U.S. study suggests. Four in five high school students in the study described themselves in terms that conformed with traditional gender expectations; they were either female students who said they […]

Top News

Labour opposition says preparing to vote against May’s Brexit deal

LIVERPOOL, England (Reuters) – Britain’s main opposition Labour Party is preparing to vote against any deal Prime Minister Theresa May clinches with the EU as it is increasingly unlikely to meet the tests Labour has set out, its Brexit spokesman Keir Starmer will say on Tuesday. Britain’s shadow Secretary of State for Exiting the European […]

Money

Citigroup settles U.S. robo-signing case tied to consumer bankruptcies

NEW YORK (Reuters) – Citigroup Inc (C.N) will pay $5 million to address “robo-signed” proofs of claim filed in consumer bankruptcy cases involving 71,448 Macy’s-branded credit card accounts, the U.S. Department of Justice announced on Monday. FILE PHOTO: The Department of Justice (DOJ) logo is pictured on a wall after a news conference in New […]

Top News

Britain needs a fair Brexit deal, not a no deal, says Hungary

UNITED NATIONS (Reuters) – The European union must negotiate a fair deal for Britain to leave the bloc and avoid at all costs it leaving with no deal, which would have a profound impact on countries like Hungary, its foreign minister said on Monday. FILE PHOTO – Hungarian Foreign Minister Peter Szijjarto addresses the Human […]