newszine

Funds managing $2 trillion urge cement makers to act on climate impact

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LONDON (Reuters) – European funds managing $2 trillion in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk. With the extreme weather and natural disasters associated with climate change intensifying around the world, some asset managers are Read More

PRESS DIGEST- British Business – July 22

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July 22 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – The Royal Navy is now too small to fulfil its global role, a defence minister admitted last night as it emerged that Read More

Roger Fisk: Trump abdicates role as leader of free world because he doesn’t support American values

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For the first time since the end of World War I, the president of the United States is not the leader of the free world. When the guns fell silent at the end of the Great War on Nov. 11, 1918, Europe was in ashes after more than four years of fighting. America was newly Read More

RPT-UPDATE 1-A rally and a redirect: why the markets are so focused on the Fed

11 hours ago NAMEX Comments Off on RPT-UPDATE 1-A rally and a redirect: why the markets are so focused on the Fed
(Adds comments from Boston Fed’s Rosengren; adds photo available) By David Randall, Trevor Hunnicutt and Lewis Krauskopf NEW YORK, July 19 (Reuters) – When New York Fed President John Williams talked about the need to “vaccinate the economy” on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his Read More

TIMELINE-Iran’s recent clashes with the West over Gulf shipping, nuclear plans

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July 21 (Reuters) – Tensions between Iran and the West have escalated since U.S. sanctions on Iranian oil exports took full effect in May and British naval forces seized an Iranian supertanker. Below is a timeline of recent incidents: May 2 – The United States, which withdrew from a nuclear accord between Iran and global Read More

MIDEAST STOCKS-Tanker incident weighs on Saudi, profit taking hurts Kuwait

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* Tanker tensions in the Gulf weigh on sentiment * Banks drag down Saudi index * Profit taking hurts Kuwait's index * Dubai slips on property shares * Heavyweight FAB lifts Abu Dhabi By Tuqa Khalid DUBAI, July 21 (Reuters) - Saudi Arabia's stock index declined on Sunday, as political concerns weighed on investors after Read More

‘Alter your course’: Audio reveals UK Navy-Iran exchange before tanker seizure

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An audio recording emerged Sunday of a British Navy frigate trying to stop Iran’s Revolutionary Guard from seizing a U.K.-flagged tanker two days ago. In the recording, released by maritime security firm Dryad Global, an Iranian vessel tells HMS Montrose it wants to inspect the Stena Imperio for security reasons, according to the BBC. “You obey, Read More

Europe faces ‘looming syphilis epidemic’ thanks to dating apps and reduced fear of HIV

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Syphilis stopped being “a disease of the past” after its worrying resurgence in Europe, health experts told RT. Less fear of contracting HIV and the rise of dating apps are among the factors behind the problem. The spread of syphilis in Europe is intensifying due to worrying trends in human behavior, the head of the Read More

Oil will go ‘bust’ if recession hits

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Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d in Read More

Drug companies shipped thousands of pain pill orders it should have halted, documents say

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Drug companies shipped billions of painkillers to communities across America without proper oversight between 2006 and 2012, according to newly released data from the Drug Enforcement Administration (DEA), highlighting the pharmaceutical industry’s role in the opioid epidemic as it faces a possible legal reckoning similar to that which befell the tobacco companies in the 1990s. In all, 76 Read More