NEW YORK – Every year, about 250,000 U.S. military members leave the service and enter the workforce, and one in five tries to start their own business. FILE PHOTO: U.S. General John Nicholson holds a news conference after a North Atlantic Council (NAC) defence ministers meeting in Brussels, Belgium November 9, 2017.…
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Brazil’s Petrobras delists shares on Argentina stock market
FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo BRASILIA (Reuters) – Brazil’s state-run oil company Petroleo Brasileiro SA (PETR4.SA) has completed the process of delisting its shares on the Argentine stock market, it said…
Your Tuesday Briefing
Good morning. We’re covering the most violent day in Hong Kong in recent memory, Australia’s week of historic and devastating fires and an attempt to foment Hindu nationalism through pop music. Image Protesters clashing with riot police in Hong Kong on Monday. Credit…Lam Yik Fei for The New York Times An especially violent…
Quebec Reverses Decision on French Citizen’s Immigration Application
MONTREAL — A French woman whose desire to immigrate to Quebec was upended because she wrote a chapter of her doctoral thesis in English will receive a document necessary to remain in the province, she said on Monday. The woman, Émilie Dubois, a 31-year-old Francophone from Burgundy, had applied for a certificate…
Brexit Dancing
LONDON — Just after work on Halloween, people congregated in a cavernous steampunk-themed bar in the financial district here, drinking No Deal Daiquiris, Bo-jitos and Tequila Mays: cocktails dreamed up for an “End of the World Brexit” party, planned for a night when Brexit was supposed to happen but didn’t. A string…
With discounts galore and Taylor Swift, Alibaba eyes another record Singles’ Day
SHANGHAI (Reuters) – Alibaba Group (BABA.N) will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales. FILE PHOTO: A logo of Alibaba Group…
IPO prospectus lays out main risks to Aramco’s operations
RIYADH (Reuters) – Saudi state oil giant Aramco unveiled the prospectus for its initial public offering (IPO) on Saturday, laying out the main material risks that may adversely affect the company’s business or its financial position. FILE PHOTO: A helmet with logo of Saudi Aramco is pictured at the oil facility in…
WeWork data shows growth still doubling
NEW YORK (Reuters) – WeWork owner The We Company disclosed data on Friday that showed expansion of its office-sharing business was almost doubling in size from a large pipeline of leases even as the money-losing company plans to slash costs and reduce its headcount. FILE PHOTO: A WeWork logo is seen at…
UBS wealth management co-head Khan unveils plans to grow business: paper
FILE PHOTO: Iqbal Khan, CEO International Wealth Management of Swiss bank Credit Suisse, smiles as he speaks during “The Wealth Management Industry – Into the next decade” at the Reuters Global Wealth Management Summit, Park Hyatt hotel, Zurich Switzerland, June 13, 2016. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS (UBSG.S) executive board member…
Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo BENGALURU (Reuters) – A probe into Goldman Sachs Group Inc’s credit card practices has been initiated after…
Alibaba says Singles’ Day sales hit 91.2 billion yuan in first hour
The logo of Alibaba Group is seen during Alibaba Group’s 11.11 Singles’ Day global shopping festival at the company’s headquarters in Hangzhou, Zhejiang province, China, November 10, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles’ Day shopping blitz…
How Bad Is China’s Debt? A City Hospital Is Asking Nurses for Loans
RUZHOU, China — When the call came for local doctors and nurses to step up for their troubled community, the emergency wasn’t medical. It was financial. Ruzhou, a city of one million people in central China, urgently needed a new hospital, their bosses said. To pay for it, the administrators were asking…
U.K. Minister Apologizes for Case of Teen With Autism Kept in Seclusion
LONDON — Bethany is 18 years old. She also lives with autism. And, for most of the last three years, she has been locked away in tiny rooms of psychiatric hospitals across Britain, with almost no human contact. Matt Hancock, Britain’s health secretary, publicly apologized to her on Saturday “for the things…
Your Monday Briefing
Good morning. We’re covering a Hong Kong strike aimed at China’s economy, an investigation into Big Tech’s lapses in protecting child abuse victims and Copenhagen’s bicycle culture. Image People singing at a vigil for Chow Tsz-lok, a student who died amid the clashes, in Hong Kong on Sunday. Credit…Dale De La Rey/Agence France-Presse…
China-U.S. trade war to ease but conflicts will persist – former finance minister
FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote and a Chinese 100 yuan banknote with late Chinese Chairman Mao Zedong are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – A Sino-U.S. trade war could ease somewhat but wider conflicts between the world’s…
Saudi Aramco prospectus flags risks, gives few details on IPO size
DUBAI (Reuters) – Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday. FILE PHOTO: The Saudi Aramco logo is pictured at…
Blackstone takes majority stake in ‘Bumble’ parent, values firm at about $3 billion
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) – Blackstone Group Inc (BX.N) is taking a majority stake in MagicLab, the parent company of dating…