“I accept this imprisonment. I was not able to live another day with him, so this is what happened to me.” — Parisa, an inmate at Herat Women’s Prison [In Her Words is available as a newsletter. Sign up here to get it delivered to your inbox.] The Iranian-Canadian photographer Kiana Hayeri…
Month: February 2020
Surgeon General Urges the Public to Stop Buying Face Masks
Get an informed guide to the global outbreak with our daily Coronavirus newsletter. The surgeon general on Saturday urged the public to stop buying masks, warning that it won’t help against the spread of the coronavirus but will take away important resources from health care professionals. “Seriously people — STOP BUYING MASKS!”…
S&P falls for seventh day, suffers biggest weekly plunge since 2008 crisis
New York (Reuters) – The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of…
Sanofi to pay $11.9 million to resolve U.S. drug charity kickback probe
BOSTON (Reuters) – Sanofi SA has agreed to pay $11.85 million to resolve U.S. allegations that it used a charity that helps cover Medicare patients’ out-of-pocket drug costs as a means to pay them kickbacks to use a high-priced multiple sclerosis drug. FILE PHOTO: A Sanofi sign outside the French drugmaker’s Paris…
United Airlines sharply cuts flights to Asia, cancels investor day
WASHINGTON (Reuters) – United Airlines Holdings Inc (UAL.O) said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations. FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport, New Jersey, U.S. December 6,…
Elliott targets Twitter, seeking CEO Dorsey’s removal: sources
(Reuters) – Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc (TWTR.N) and is pushing for changes, including removal of the social media company’s chief executive, Jack Dorsey, two people familiar with the matter said on Friday. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks…
Intesa, UBI line up advisers to face off in takeover battle
MILAN (Reuters) – Intesa Sanpaolo said on Friday it had hired JP Morgan, Morgan Stanley, UBS and local broker Equita SIM to complete a team of advisers led by Mediobanca supporting Italy’s biggest retail bank in its takeover offer of rival UBI Banca. FILE PHOTO: UBI Banca Popolare Commercio & Industria logo…
Harley-Davidson looks for new leadership to end its sales struggle
(Reuters) – Harley-Davidson Inc (HOG.N) on Friday named a board member hailed for turning around the Puma brand’s near-bankrupt business as its interim chief as the motorcycle maker gropes for an effective strategy to woo young customers and revive sales. FILE PHOTO: A Harley-Davidson Inc. logo is seen at the Paris auto…
USTR vows to push for trade deals with Britain, EU; seeks reforms at WTO
WASHINGTON (Reuters) – The Trump administration on Friday said it would focus on concluding new trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for reforms of the World Trade Organization. FILE PHOTO: U.S. and European Union flags are pictured during…
UBS CEO’s pay slips to $1 million a month as Swiss bank’s top bosses pocket $113 million
ZURICH (Reuters) – UBS Chief Executive Sergio Ermotti, one of Europe’s best paid bankers, earned 12.5 million francs in 2019, down from 14.1 million in 2018 after the bank was hit with a multi-billion-euro court case and it missed earnings goals. Swiss bank UBS CEO Sergio Ermotti addresses a news conference in…
Wall Street Weekahead: Main Street leans toward Sanders, but Wall Street says Trump
NEW YORK (Reuters) – Vermont Senator Bernie Sanders may be surging in the polls ahead of Super Tuesday, but some on Wall Street have made their own conclusions on what November will bring: four more years of President Donald Trump. Ninety-five percent of participants in a Deutsche Bank survey of investors, economists…
Wall Street in coronavirus contingency mode with staff, visitors, regulators
WASHINGTON/NEW YORK (Reuters) – Big U.S. banks have been rolling out contingency plans to respond to the global coronavirus outbreak – requiring some staff to work from home, implementing travel restrictions, and talking to regulators about potential stresses. FILE PHOTO: A Wall St. street sign is seen near the New York Stock…
When an Epidemic Looms, Gagging Scientists Is a Terrible Idea
Get an informed guide to the global outbreak with our daily Coronavirus newsletter. Many times in many countries, political leaders have tried to censor health officials and play down the risks of infection just as epidemics approached. This strategy has almost never worked, historians and former health officials said. And ultimately, if…
Coronavirus Fears Reverberate Across Global Economy
Get an informed guide to the global outbreak with our daily Coronavirus newsletter. Investors, fearing that the spread of the coronavirus is tipping the global economy into a recession, handed the stock market its largest weekly loss since the 2008 financial crisis on Friday amid worries that one of the longest economic…
M.I.T. Researchers Cast Doubt on Bolivian Election Fraud
BOGOTÁ, Colombia — Researchers from the Massachusetts Institute of Technology have cast doubt on a claim that Bolivian officials engaged in fraud to help Evo Morales, the longtime president, win re-election. The researchers, while not definitively ruling out the possibility of any fraud, waded into a fierce domestic and international debate over…
British Airways-owner IAG says coronavirus will hit earnings
LONDON (Reuters) – British Airways-owner IAG (ICAG.L) said on Friday that coronavirus would hit its earnings this year but it wasn’t sure by how much, becoming the latest airline to warn about the impact of the rapidly evolving outbreak. A British Airways aircraft takes off from Heathrow Airport in west London, Britain,…
Rolls-Royce reports $1.1 billion operating loss on Trent 1000
A man looks at Rolls Royce’s Trent Engine displayed at the Singapore Airshow in Singapore February 11, 2020. REUTERS/Edgar Su LONDON (Reuters) – British aerospace engineer Rolls-Royce (RR.L) reported a 2019 operating loss of 852 million pounds ($1.11 billion), after the cost of tackling durability problems on its Trent 1000 engine eclipsed…