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FILE PHOTO: U.S. President Donald Trump participates in a medal ceremony in the Oval Office at the White House in Washington, U.S. December 3, 2020. “If he spends most of his time talking about the two candidates, how wonderful they are, what they’ve achieved,” he could help, said Matt Towery, a former Georgia Republican legislator who is now a political analyst and pollster. On Friday, Trump posted on Twitter that the best way to ensure Perdue and Loeffler win is to uncover fraud and declare him the winner. Trump’s attacks could hurt the senators with voters in two ways, said Alan Abramowitz, a political science professor at Atlanta’s Emory University. By undermining faith in the process, Trump could convince some of his backers there is no point in voting in January.
Persons: Donald Trump, Jonathan Ernst, Trump, Joe Biden, Brian Kemp, Brad Raffensperger, they’ve, , Matt Towery, David Perdue, Kelly Loeffler, Jon Ossoff, Raphael Warnock, Lin Wood, Sidney Powell, Trump’s, Gabriel Sterling, , ” Sterling, Loeffler, Perdue, Biden, Alan Abramowitz, Kemp, ” Abramowitz, Mike Pence, , , ” Pence, Barack Obama, Warnock, Ossoff Organizations: Reuters, Republican U.S, White, REUTERS, Democratic, Republicans, Georgia Republican, Republican, U.S . Senate, Democratic Senate, Twitter, Atlanta’s Emory University Locations: Georgia, Washington , U.S, Savannah, Loeffler
Tesla says Black people hold just 4% of its U.S. leadership roles
  + stars: | 2020-12-05 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: The Tesla logo is seen on a car at Tesla's new showroom in Manhattan's Meatpacking District in New York City, U.S., Dec. 14, 2017. REUTERS/Brendan McDermid/File Photo(Reuters) - Black employees make up just 4% of Tesla Inc’s American leadership roles and 10% of its total workforce in the country, the electric carmaker has disclosed in its first U.S. diversity report. Women comprise 17% of the company’s U.S. leadership roles - directors and vice presidents - and 21% of the overall workforce, according to the report. The carmaker noted, though, that leadership roles were a “very small cohort”, or less than 0.4%, of its workforce. Tesla, based in Palo Alto, California, said it planned to increase representation of all under-represented groups next year and would be recruiting at historically Black colleges and universities.
Persons: Brendan McDermid, Tesla, Elon Musk’s Tesla, Organizations: REUTERS, Elon, U.S, Diversity, Equity, Nasdaq Inc, U.S . Securities, Exchange Commission, Nasdaq Locations: Manhattan's Meatpacking, New York City, U.S, Black, American, Palo Alto , California
Melinda Roellig, an art and music teacher in Clarksville, Indiana, had already prepared this year's batch of Christmas presents for her family before she died last month of Covid-19. When Roellig wasn’t making music, she was immersed in art, proving as deft with the paintbrush as she was with her instrument. Roellig's first student may have been her younger sister, Alexandra Roellig, who looked forward to the times when their father would take her to see the marching band. "So I followed her steps in a way, and I went in to do marching band and music, just like her." After earning a master's in music, Roellig moved to Charlestown, Indiana, then to Washington state before returning to Indiana, near her mother's home in Clarksville.
Persons: Melinda Roellig, Alexandra Roellig, Jim Roellig, Eric, Alexandra, Victoria Straub, Straub, Roellig, she'd, Tim Tatum, James, U.S . Navy — Roellig, , , , Erin Hester, Harry Potter, Hester, Carey Walls, Roellig's, Sara Hauselman, — nobody's, Hauselman, Carey, Hester's, stepsiblings, Ed, Tatum, it'll Organizations: U.S . Navy, University of Louisville, Rock Creek Community Academy, Purdue University, Roellig Locations: Clarksville , Indiana, Covid, Indiana, South Carolina, Roellig, Scotland —, Charlestown , Indiana, Washington, Clarksville, Rock, Sellersburg, Florida, London
ADDIS ABABA — President Donald Trump's decision to pull U.S. troops out of Somalia in the waning days of his presidency triggered dismay on Saturday from some Somalis, who appealed to the incoming U.S. president to reverse the decision. The Somali government could not immediately be reached for comment early on Saturday to Friday's decision to withdraw almost all the roughly 700 U.S. troops by Jan. 15. Both U.S. and Somali forces opposed the withdrawal, he said. Ethiopia, which is a major troop contributor to the peacekeeping forces and has thousands more troops in Somalia bilaterally, is distracted by an internal conflict that broke out last month. Perhaps a withdrawal will force Somalia to confront them, said Sheikh.
Persons: Donald Trump's, Ayub Ismail Yusuf, Yusuf, Joe Biden, Jan, Ahmed Abdullahi Sheikh, Damian T, Donahoe, Kristin Savage, Sheikh Organizations: ADDIS ABABA, Reuters, Foreign Affairs, NBC, Union peacekeeping, Somali, U.S, U.S . Army, Force, AP, Rights, Amnesty Locations: ADDIS, Somalia, Shabaab, U.S, Somali, al Shabaab, Kenya, Uganda, Africa, of Africa, Danab, Djibouti, Ethiopia
U.S. ends exchange programs with China, calling them 'propaganda'
  + stars: | 2020-12-05 | by ( Raphael Satter | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File PhotoWASHINGTON (Reuters) - The U.S. State Department said on Friday it has ended five cultural exchange programs with China, calling them “soft power propaganda tools.”The Department said on its website it had “terminated” the Policymakers Educational China Trip Program, the U.S.-China Friendship Program, the U.S.-China Leadership Exchange Program, the U.S.-China Transpacific Exchange Program and the Hong Kong Educational and Cultural Program. It said that the programs had been set up under the auspices of the Mutual Educational and Cultural Exchange Act - a 1961 law signed by President John F. Kennedy and aimed at boosting academic and cultural exchanges with foreign countries. “While other programs funded under the auspices of the MECEA are mutually beneficial, the five programs in question are fully funded and operated by the (Chinese) government as soft power propaganda tools,” the statement said. Attempts to reach representatives for the programs singled out by the State Department were not immediately successful.
Persons: Aly, John F, Kennedy Organizations: Bund, REUTERS, WASHINGTON, U.S . State Department, Educational China Trip Program, U.S ., China Friendship, China Leadership Exchange, China Transpacific Exchange, Hong Kong, Mutual, Embassy, State Department Locations: Shanghai, China, U.S, Washington
Their bodies were found Wednesday at Fort Bragg in North Carolina. The U.S. Army Special Operations Command identified the second body as that of 37-year-old Master Sgt. William J. Lavigne II, a decorated soldier who deployed multiple times to Afghanistan and Iraq while assigned to U.S. Army Special Operations Command. U.S. Army“The loss of a soldier is always tragic,” said Lt. Col. Justin Duvall from the U.S. Army Special Operations Command. Located next to Fayetteville, North Carolina, it has approximately 57,000 military personnel, 11,000 civilian employees and 23,000 family members.
Persons: Timothy Dumas, William J, Lavigne, Sgt, , Justin Duvall, Fort Organizations: U.S . Army Criminal Investigation Command, Army, U.S . Army, Operations Command, Locations: Fort Bragg, North Carolina, Pinehurst , North Carolina, Afghanistan, Iraq, Fayetteville , North Carolina
The Florida group Boricuas for Biden is helping a lawmaker in Georgia find Puerto Rican voters. https://t.co/U8pEfkSpUm — Julián Castro (@JulianCastro) December 4, 2020About 270,000 Georgia Latinos are registered to vote, although there are ongoing efforts to sign up more of the approximately 377,000 who are eligible. Latino Decisions, a national polling firm, estimates at least 185,000 Latinos voted in Georgia on Nov. 3. Larger national Latino groups such as Mijente and Mi Familia Vota have canvassers on the ground in the state. Otero-Santiago said she has connected with Georgia state representative Pedro “Pete” Marin, who is of Puerto Rican descent, and José Alejandro la Luz, who formed “Latinos Against Trump” in Georgia.
Persons: Julián Castro, Boricuas, Biden, Joe Biden, Deborah Gonzalez, Sens, David Perdue, Kelly Loeffler, Jon Ossoff, Raphael Warnock, Donald Trump, Barack Obama, Mike Pence, Castro, Warnock, “ Young, , Stacey Abrams, — Julián Castro, Chuck Rocha, Bernie Sanders ’, Rocha, Osoff, Bernard Fraga, runoffs, Fraga, Georgia, Brenda Lopez, Lopez, Lopez Romero, PODER, Dalton, Perdue, Daniel Garza, Garza, Natascha Otero Santiago, Boricuas con, mofongo, Nydia Velazquez, Nellie Gorbea, Santiago, Pedro “ Pete ” Marin, José Alejandro la Luz, Otero, Zoe Saldaña, Rosario Dawson, maki, ord, bec, ena Organizations: Democratic, Puerto Rican voters, National, U.S . Senate, Latina, Republican, Ossoff, Young, Nuestro PAC, Emory University, Georgia, Equity, State, Georgia Association of, Latino Community Fund, Georgia Latino Alliance for Human Rights, Latino, MFV, Hispanic Federation, LIBRE, LIBRE Initiative, Boricuas con Biden, Puerto Ricans, Trump, Puerto Rican, Puerto Locations: Georgia, Florida, Georgia's, runoffs, GEORGIA, Atlanta, America, Puerto, Rhode Island, Puerto Rican, Otero, Santiago
FILE PHOTO: A 3D printed TikTok logo is placed on a keyboard in front of U.S. flag in this illustration taken October 6, 2020. President Donald Trump’s August order gave the Justice Department the power to enforce the divestiture order once the deadline expired, but it is unclear when or how the government may seek to compel divestiture. The government had previously issued a 15-day and seven-day extension of the initial 90-day deadline, which was Nov. 12, in Trump’s order. The Justice Department did not immediately respond to requests for comment, while the White House did not comment. The Trump administration contends TikTok poses national security concerns as the personal data of U.S. users could be obtained by China’s government.
Persons: Trump, Dado Ruvic, CFIUS, Donald Trump’s, TikTok, ByteDance, , ” ByteDance Organizations: WASHINGTON, TikTok’s, REUTERS, Department, Foreign Investment, Justice Department, Justice, U.S ., Walmart Inc, Oracle Corp, Reuters, Oracle, Walmart, U.S, Appeals, Apple Inc, Google Locations: TikTok’s U.S, United States, U.S, ByteDance, Washington
Federal student loan payments suspended until end of January
  + stars: | 2020-12-05 | by ( Brendan O Brien | ) www.reuters.com sentiment -0.94   time to read: +1 min
REUTERS/Kevin Lamarque(Reuters) - U.S. Secretary of Education Betsy DeVos on Friday said the suspension of federal student loans payments and accruing interest set to end on Dec. 31 will be extended another month as the pandemic presents financial challenges to borrowers. “This temporary pause in payments will help those who have been impacted,” DeVos said in a statement. “The added time also allows Congress to do its job and determine what measures it believes are necessary and appropriate.”In March, the Trump administration suspended interest and payments on federal student loans for 60 days. In August, the moratorium was extended until Dec. 31 and on Friday it was extended until Jan. 31. DeVos has also instructed employers to halt wage garnishment for borrowers with defaulted federal student loans.
Persons: Betsy Devos, Donald Trump, Kevin Lamarque, Betsy DeVos, ” DeVos, Trump, DeVos Organizations: . Education, U.S, White, REUTERS, U.S . Congress Locations: Washington , U.S
And yet despite this reputation we haven't put that ingenuity to work to tackle one of our country's most critical economic challenges: how expensive it is to be poor. Communities of color, particularly Black families and Black business owners are disproportionately impacted by chronic market failure. Without economic access, efforts at improving social justice will sound like one hand clapping. Progress in expanding digital financial tools has historically been glacial. Alternative financial services is a $180 billion industry.
Persons: Michael Froman, Wole, affordably, Froman Organizations: Mastercard, Former US Trade Representative, Mobility Capital Finance, Inc, Community, Financial, Community Reinvestment Fund, USA, CDFI's, Black Americans, Former U.S . Trade Locations: America, New York City, United States
President Trump has ordered the withdrawal of most of the U.S. troops stationed in Somalia, Pentagon officials said Friday. The nearly 800 troops represent a small footprint but are seen as a crucial bulwark against African-based extremist groups, including al-Shabab. Dominic Deitrick, assigned to the 1-186th Infantry Battalion, Task Force Guardian, Combined Joint Task Force - Horn of Africa, provides security at an unidentified location in Somalia on June 12, 2020. Christopher Ruano / Combined Joint Task Force - Horn of Africa via AP fileThe statement said some forces may be reassigned outside of East Africa. In 2017, the Pentagon announced it was sending dozens of troops to the African nation to train the Somali National Army.
Persons: Trump, Dominic Deitrick, Christopher Ruano, Christopher Miller Organizations: U.S, Pentagon, U.S . Army Spc, 186th Infantry Battalion, Task Force Guardian, Force, Tech, AP, Somali National Army Locations: Somalia, al, Shabab, U.S, Africa, of Africa, East Africa, Afghanistan, Iraq
He was a visiting professor at the University of Texas when he was arrested in August 2019. Mao was originally accused of entering into an agreement with an unidentified company to use its circuit board for research and sharing the proprietary information with a Chinese company. Mao’s arrest came amid a U.S. Justice Department crackdown on Chinese influence in universities over alleged spying and intellectual property theft by the Chinese government. The arrest also took place before Brooklyn federal prosecutors added trade-secret-theft charges to their 2018 indictment against Huawei, a telecommunications equipment maker. In 2018, the company and its finance chief, Meng Wanzhou, were charged with misleading banks about business in Iran.
Persons: Marko Djurica, Bo Mao, Mao, Pamela Chen, Sarah Evans, Mao’s, Meng Wanzhou, Meng Organizations: Reuters, Huawei Technologies, FBI, Huawei, REUTERS, Labs, University of Texas, U.S, CNEX Labs, . Justice Department, U.S . Justice Department Locations: Belgrade, Serbia, Brooklyn, United States, Texas, Iran, Canada, China
Biden plans scaled-back inauguration to avoid spreading coronavirus in crowds
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.92   time to read: +2 min
FILE PHOTO: U.S. Vice President Joe Biden is sworn in as his wife Jill watches during the inauguration ceremony for President Barack Obama in Washington January 20, 2009. (Reuters) - Setting a sharp contrast with President Donald Trump, whose administration began with a fight over the size of his inaugural crowds, President-elect Joe Biden said on Friday he plans a scaled-back event for safety’s sake during the pandemic. “My guess is there probably will not be a gigantic inaugural parade down Pennsylvania Avenue. Democracy has functioned.”The ceremony typically begins with the outgoing president and the president-elect riding together from the White House to the Capitol. After the new president is sworn in, he rides back along Pennsylvania Avenue to assume his new duties while the former president departs, typically by helicopter.
Persons: Joe Biden, Jill, Barack Obama, Jim Bourg, Donald Trump, ” Biden, Trump’s, Sean Spicer, Barack Obama’s, Biden, , , we’ve, We’re Organizations: REUTERS, Democratic, U.S . Capitol, Convention, Democracy, Capitol Locations: Washington, WILMINGTON, Del, Jan, Pennsylvania, America, Wilmington , Delaware, COVID, United States
Russia to Germany gas pipeline targeted in U.S. defense bill
  + stars: | 2020-12-04 | by ( Timothy Gardner | ) www.reuters.com + 0.00   time to read: +4 min
WASHINGTON (Reuters) - The annual U.S. defense policy bill unveiled by lawmakers late on Thursday contains sanctions that backers say will halt one of Russia’s biggest projects in Europe: the Nord Stream 2 gas pipeline. FILE PHOTO: Pipes for the Nord Stream 2 Baltic Sea pipeline are stored on a site at the port of Mukran in Sassnitz, Germany, September 10, 2020. Russia says the project to deliver gas under the Baltic Sea to Europe via Germany will begin operating next year. Nord Stream 2 did not immediately respond to a request for comment. In September, the world’s largest group of shipping insurers said they would not insure vessels involved in Nord Stream 2.
Persons: Hannibal Hanschke, Donald Trump’s, Trump, , Obama, Biden, Daniel Vajdich Organizations: WASHINGTON, REUTERS, Gazprom, Europe U.S, National Defense, U.S . House, Representatives, Senate, Trump, U.S, Yorktown Solutions, Kremlin, European Commission, International Group of Protection, London Locations: U.S, Europe, Mukran, Sassnitz, Germany, Russia, Baltic, Ukraine, Nord, Turkey
U.S. weapons exports rise 2.8% to $175 billion in fiscal 2020
  + stars: | 2020-12-04 | by ( Mike Stone | ) www.reuters.com sentiment -0.95   time to read: +2 min
The U.S. State Department disclosed military sales figures for the 2020 fiscal year, which ended on Sept. 30. Sales of U.S. military equipment in the prior fiscal year had totaled $170 billion. Major deals in fiscal 2020 included Japan’s purchase of 63 F-35 fighter jets from Lockheed Martin for as much as $23 billion. The direct military sales by U.S. companies jumped 8.4% to $124.3 billion in fiscal 2020 from $114.7 billion in fiscal 2019, while sales arranged through the U.S. government fell 8.3% to $50.78 billion in 2020 from $55.39 billion the prior year, the State Department said. Trump's administration in 2018 rolled out a new "Buy American" program that relaxed restrictions here on military sales while encouraging U.S. officials to take a bigger role in increasing business overseas for the U.S. weapons industry.
Persons: Carlos Barria, Donald Trump, Lockheed Martin, Barack Obama, Bill Hartung, Hartung Organizations: Pentagon, REUTERS, WASHINGTON, U.S . State Department, Lockheed, Lockheed Martin Co, Raytheon Technologies, Defense Department, U.S, State Department, Trump, Arms, Security, Center for International Policy Locations: Arlington , Virginia, U.S
(Reuters) - President-elect Joe Biden said Friday’s “grim” jobs report shows the economic recovery is stalling and warned the “dark winter” ahead would exacerbate the pain unless the U.S. Congress passes a coronavirus relief bill immediately. U.S. President-elect Joe Biden gestures to reporters as he departs after announcing members of his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. Earlier this week, he unveiled his economic team, led by his nominee for Treasury secretary, former Federal Reserve Chair Janet Yellen. Transition spokeswoman Jen Psaki told reporters on Friday that Biden would announce more positions early next week, including members of his public health team. Trump, a Republican who has still refused to concede to Biden, is scheduled to headline a rally with Perdue and Loeffler on Saturday.
Persons: Joe Biden, Friday’s, Leah Millis, ” Biden, Biden, Donald Trump’s, Jeff Zients, Obama, , Janet Yellen, , Governor Michelle Lujan Grisham, Lujan Grisham, Yellen, Neera Tanden, Cecilia Rouse, Jen Psaki, Mike Pence, David Perdue, Kelly Loeffler, Perdue, Loeffler Organizations: U.S, Congress, REUTERS, Democratic, National Association for, Advancement of Colored People, Black voters, The League, United Latin American, America, Congressional Hispanic Caucus, Human Services, Management, of Economic Advisers, Centers for Disease Control, Republican U.S, U.S . Senate, Trump, Republican Locations: WILMINGTON, Del, U.S, Wilmington , Delaware, , Mexican, Georgia, Atlanta
And they need more to come early next year,” said Biden, who takes office on Jan. 20. A government report on Friday showed the labor market slowing in November as the COVID-19 pandemic eclipsed its levels of the spring. Congress is going to need to act again in January,” Biden told reporters in his hometown of Wilmington, Delaware. PRESSURE FOR DIVERSITYBiden, who earlier this week unveiled his economic team, faces intensifying pressure from congressional allies and advocacy groups to make ethnically diverse picks for the remaining slots in his administration. Transition spokeswoman Jen Psaki told reporters on Friday that Biden would announce more positions early next week, including members of his public health team.
Persons: Joe Biden, Friday’s, , Biden, Donald Trump, ” Biden, , Mitch McConnell, Jeff Zients, Obama, Leah Millis, Governor Michelle Lujan Grisham, Lujan Grisham, Janet Yellen, Neera Tanden, Cecilia Rouse, Jen Psaki, Mike Pence, David Perdue, Kelly Loeffler, Trump, Perdue, Loeffler Organizations: U.S, Congress, Democratic, Republican, COVID, REUTERS, Biden, National Association for, Advancement of Colored People, Black voters, The League, United Latin American, Congressional Hispanic Caucus, Human Services, Management, of Economic Advisers, U.S . Senate, Centers for Disease Control, Prevention Locations: WILMINGTON, Del, COVID, Wilmington , Delaware, U.S, Mexican, United States, Georgia, Atlanta
And they need more to come early next year,” said Biden, who takes office on Jan. 20. A government report on Friday showed the labor market slowing in November as the COVID-19 pandemic eclipsed its levels of the spring. Congress is going to need to act again in January,” Biden told reporters in his hometown of Wilmington, Delaware. PRESSURE FOR DIVERSITYBiden, who earlier this week unveiled his economic team, faces intensifying pressure from congressional allies and advocacy groups to make ethnically diverse picks for the remaining slots in his administration. Georgia’s Republican Secretary of State Brad Raffensperger has said his office found no evidence of widespread fraud.
Persons: Joe Biden, Friday’s, , Biden, Donald Trump, ” Biden, , Mitch McConnell, Jeff Zients, Obama, Biden’s, Governor Michelle Lujan Grisham, Lujan Grisham, Janet Yellen, Neera Tanden, Cecilia Rouse, Jen Psaki, Mike Pence, David Perdue, Kelly Loeffler, Trump, Perdue, Loeffler, Trump’s, Brad Raffensperger Organizations: U.S, Congress, Democratic, Republican, COVID, Biden, National Association for, Advancement of Colored People, Black voters, The League, United Latin American, Congressional Hispanic Caucus, Human Services, Management, of Economic Advisers, U.S . Senate, Centers for Disease Control, Prevention Locations: WILMINGTON, Del, COVID, Wilmington , Delaware, Mexican, United States, Georgia, Atlanta, Nevada and Wisconsin
Dish Network reaches $210 million telemarketing settlement
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: A Dish Network receiver hangs on a house in Somerville, Massachusetts, U.S., February 21, 2017. REUTERS/Brian Snyder(Reuters) - Dish Network Corp has reached a $210 million settlement to resolve a long-running lawsuit by the U.S. government and four states accusing it of making millions of illegal telemarketing calls to sell and promote its satellite TV and programming services. The company, the U.S. government, and the states of California, Illinois, North Carolina and Ohio filed a stipulation of settlement with the federal court in Springfield, Illinois. Dish had been sued in 2009 for allegedly violating several federal and state telemarketing and consumer fraud lawsA federal judge in 2017 found Dish liable and awarded the plaintiffs $280 million, but the federal appeals court in Chicago later ordered that damages be recalculated.
Persons: Brian Snyder Organizations: Dish, REUTERS, Reuters, Dish Network Corp, U.S, U.S . Locations: Somerville , Massachusetts, U.S, California , Illinois, North Carolina, Ohio, Springfield , Illinois, Chicago
REUTERS/Denis BalibouseVitol agreed to pay $164 million to the DOJ and the CFTC in fines and disgorgement. Here are some of the recent investigations the world’s biggest oil traders have faced:* Brazilian prosecutors announced in 2018 a probe into alleged bribery schemes involving foreign trading firms - namely Vitol, Trafigura and Glencore Plc - and officials at Brazil’s state oil firm Petrobras. The DOJ subpoenaed Glencore in 2018 for documents relating to its business in the three countries since 2007. TRAFIGURA* Brazilian federal prosecutors this month filed a lawsuit seeking damages from Trafigura and former executives on corruption allegations involving Petrobras. * Brazilian prosecutors charged two former Trafigura employees, including a former board member, in late 2018 over allegations of paying bribes to Petrobras employees.
Persons: Denis Balibouse Vitol, Vitol, Gunvor, Glencore Organizations: Vitol SA, U.S . Department of Justice, U.S . Commodity Futures Trading Commission, Vitol, REUTERS, DOJ, P Global Platts, CFTC, Trafigura, Glencore, Democratic, Petrobras, Gunvor Locations: Brazil, Ecuador, Mexico, Geneva, Petrobras, Venezuela, Nigeria, Democratic Republic of Congo, DRC, Congo Republic, Ivory Coast
Breakingviews - Glasenberg-less Glencore is surprise green champ
  + stars: | 2020-12-04 | by ( Ed Cropley | ) www.reuters.com + 0.00   time to read: +2 min
The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd WiegmannLONDON (Reuters Breakingviews) - Glencore is getting a new green-tinged lease on life. Given it plans to get there by running down coal mines while digging up more copper and cobalt, it could become a surprise model citizen of the low-carbon future. Gary Nagle, a fellow South African, is a 20-year company veteran and actually ran the company’s coal operations. For years, Glasenberg swam unashamedly against the environmental tide, saying that Glencore would mine coal as long as emerging markets in particular needed cheap energy.
Persons: Ivan Glasenberg’s, Gary Nagle, Glasenberg, Freed, Nagle Organizations: REUTERS, Reuters, U.S . Department of Justice, Democratic Locations: Baar, Switzerland, Democratic Republic of Congo, Venezuela, Nigeria
U.S. House votes to decriminalize marijuana at federal level
  + stars: | 2020-12-04 | by ( Susan Cornwell | ) www.reuters.com sentiment -0.96   time to read: +2 min
WASHINGTON (Reuters) - The U.S. House of Representatives voted on Friday to decriminalize marijuana at the federal level, but the legislation is not expected to advance further as long as the Senate remains in Republican hands. FILE PHOTO: Marijuana enthusiasts gather after midnight to celebrate the legalization of recreational use of marijuana in Portland, Oregon July 1, 2015. The Democratic-majority House voted 228-164, largely along party lines, to lift the federal prohibition. The bill the House passed would allow states to regulate marijuana, Representative Earl Blumenauer, a Democrat and co-chairman of the Congressional Cannabis Caucus, said in debate. The cannabis bill would expunge federal marijuana convictions and impose a 5% tax on cannabis products.
Persons: Steve Dipaola, Mitch McConnell, Earl Blumenauer, , Debbie Lesko, Blumenauer Organizations: WASHINGTON, U.S . House, Marijuana, REUTERS, District of Columbia, Democratic, Republican, Georgia Senate, Democrat, Congressional Cannabis Caucus Locations: Portland , Oregon
Investors at the Reuters Global Investment Outlook Summit said they are favoring Treasury Inflation-Protected Securities (TIPS) and commodities, whose prices rise with inflation. “It is worth considering more inflation protection in portfolios now,” said Jim Leaviss, chief investment officer for public fixed income at M&G Investments in London. Rick Rieder, BlackRock’s chief investment officer of global fixed income, said he likes TIPS in case of a moderate rise in inflation, but is not expecting a surge in prices. PIMCO Chief Investment Officer Dan Ivascyn sees inflation trending higher in 2021, approaching 2%, but does not believe it will become a meaningful problem in the next few years. We think clients should think about inflation protection.”The iShares TIPS Bond ETF rose this week to its highest since late September.
Persons: Carlo Allegri, , Jim Leaviss, Leaviss, breakeven, Rick Rieder, ” Rieder, inflation’s, Citigroup’s Scott Chronert, Dan Ivascyn, Ivascyn, Pascal Blanqué, Amundi Organizations: REUTERS, U.S, Treasury, Reuters Global Investment, Securities, G Investments, Investors, Bank of America, European Central Bank Locations: Manhattan, New York City , New York, U.S, U.S . Federal, COVID, London, breakevens, Europe
FILE PHOTO: Canada's Prime Minister Justin Trudeau attends a news conference at Rideau Cottage, as efforts continue to help slow the spread of the coronavirus disease (COVID-19), in Ottawa, Ontario, Canada November 20, 2020. REUTERS/Blair Gable/File PhotoOTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Friday declined to comment on talks between the U.S. Justice Department and lawyers that could lead to the release of a senior Huawei currently under house arrest in Canada. Trudeau told reporters that his “top priority” was the return of two Canadian citizens being held in China. The two were picked up shortly after Canadian police detained Huawei Technologies Co Ltd’s chief financial officer Meng Wanzhou in December 2018.
Persons: Justin Trudeau, Blair Gable, Trudeau, Meng Wanzhou Organizations: Canada's, REUTERS, OTTAWA, Canadian, U.S . Justice Department, Huawei, Huawei Technologies Locations: Ottawa , Ontario, Canada, China
REUTERS/Blair Gable/File PhotoOTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Friday declined to comment on talks between the U.S. Justice Department and lawyers that could lead to the release of a senior Huawei executive who is under house arrest in Vancouver. Trudeau told reporters that his “top priority” was the return of two Canadian citizens being held in China. “We will continue working hard for the return of the two Michaels,” he said, referring to Michael Kovrig and Michael Spavor. “Two years is a very long time to be in prison in China, or anywhere,” Trudeau said at a news conference. After Meng’s arrest, China cut off imports of canola seed from Canada and detained the two Canadian citizens on allegations of spying.
Persons: Justin Trudeau, Blair Gable, Trudeau, Meng Wanzhou, , , Michael Kovrig, Michael Spavor, ” Trudeau, Huawei’s Meng, Meng Organizations: Canada's, REUTERS, OTTAWA, Canadian, U.S . Justice Department, Huawei, Huawei Technologies, HSBC Holdings Plc Locations: Ottawa , Ontario, Canada, Vancouver, China, U.S, ” U.S, United States, Iran
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