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Berlinale study of slavery unearths the roots of modern Brazil

BERLIN (Reuters) – Making films in a bitterly divided Brazil that is increasingly hostile to artistic freedom is an act of resistance in itself, the maker of a new drama about race relations in the years after the country abolished slavery said. Speaking ahead... More »

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Alstom confirms talks on potential $7 billion Bombardier deal

PARIS (Reuters) – French train maker Alstom (ALSO.PA) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (BBDb.TO), a potential $7 billion deal that could help it build scale in the increasingly competitive ra... More »

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Euro zone to cautiously pave the way for more fiscal stimulus

BRUSSELS (Reuters) – Euro zone finance ministers are set to discuss on Monday a document that calls for a more growth-friendly fiscal policy, a move that could lead to Germany’s spending more amid fears of a downturn. The 19-country euro zone has for years stu... More »

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European shares hit record high- carmakers cheer China stimulus

(Reuters) – European shares hit a record high on Monday, with automobile stocks leading gains amid fresh attempts by China to limit the economic impact of the coronavirus outbreak. Automobile stocks .SXAP, which are highly sensitive to Chinese demand and indus... More »

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European shares edge lower amid coronavirus uncertainty

(Reuters) – European shares inched lower on Monday as concerns over the economic impact of the coronavirus outbreak weighed on sentiment, while markets also came off a rally from last week. The pan-European STOXX 600 index fell 0.3% by 0803 GMT, with the trave... More »

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China counts economic cost of virus as markets plunge, death toll up

BEIJING/SHANGHAI (Reuters) – The economic and diplomatic costs of China’s coronavirus epidemic mounted on Monday with investors knocking $400 billion off the value of stocks and the government accusing the United States of over-reacting to the outbreak and whi... More »

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Wawrinka rallies to take down Medvedev for last eight spot

MELBOURNE (Reuters) – Former champion Stan Wawrinka battled past Russian fourth seed Daniil Medvedev in five sets to reach the Australian Open quarter-finals with a 6-2 2-6 4-6 7-6(2) 6-2 victory on Monday. Medvedev came into the contest having won both their ... More »

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New York surges ahead of Brexit-shadowed London in finance: survey

LONDON (Reuters) – New York remains the world’s top financial center, pushing London further into second place as Brexit uncertainty undermines the UK capital and Asian centers catch up, a survey from consultants Duff & Phelps said on Monday. Britain will leav... More »

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Germany returns Nazi art from Gurlitt trove to French family

BERLIN (Reuters) – Germany on Wednesday returned three art works to a descendant of a Jewish French collector who owned them until his death in 1941 in Nazi-occupied France. Two of the pictures came from a trove of works held by Cornelius Gurlitt, which was di... More »

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Iran has not ruled out talks to end nuclear dispute, says official

DUBAI (Reuters) – Iran said on Monday that it had not closed the “door to negotiations” in efforts to resolve a dispute over its nuclear agreement with world powers that has escalated steadily since the United States withdrew from the deal in 2018. Foreign Min... More »

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Fines for European privacy breaches reach 114 million euros: report

MUNICH (Reuters) – European regulators have imposed 114 million euros ($126 million) in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country. A report by law firm DLA Piper said... More »

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European shares flat as Sino-U.S. trade deal in focus- tech gains

(Reuters) – European shares were little changed on Monday as investors shifted their focus to the signing of an interim Sino-U.S. trade deal later this week, while technology stocks rose on a clutch of brokerage upgrades and price-target bumps. The benchmark E... More »

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China’s yuan leads rally ahead of U.S. trade deal

LONDON (Reuters) – China’s yuan led a rally in trade-sensitive currencies on Monday and the Australian dollar recovered some recent losses as the imminent signing of a preliminary U.S.-China trade deal boosted sentiment. The U.S.-China Phase 1 agreement, due t... More »

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UK regional airline Flybe in financing talks to survive: Sky News

LONDON (Reuters) – Flybe, a regional British airline, is in talks to secure new financing to help it survive reported Sky News. When asked about the report, Flybe said it didn’t comment on rumor or speculation, while the UK government’s Department for Transpor... More »

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Board member overseeing Wirecard audit elected chairman

BERLIN (Reuters) – The board member overseeing an outside audit of Wirecard has been elected as chairman of the German payments company as it battles allegations of fraud and false accounting that have hit its share price. Thomas Eichelmann, a former chief fin... More »

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Safe-haven currencies give back gains as U.S.-Iran situation eases

LONDON (Reuters) – Safe-haven currencies such as the Japanese yen retreated on Thursday as the United States and Iran backed away from further conflict, with markets flipping back to a more risk-taking approach on hopes of a U.S.-China trade deal. U.S. Preside... More »

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European shares hit record high as Middle East, trade tensions ease

(Reuters) – European shares touched a record high Thursday, tracking broader gains in global equities, after the United States and Iran backed away from further military escalation in the Middle East. Also lending support was confirmation from China on the sig... More »

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Ukraine considering several possibilities behind Iran plane crash

KIEV (Reuters) – Ukraine’s President Volodymyr Zelenskiy said the government was considering several possible causes of a plane crash in Iran, which killed 176 citizens of 7 countries. The Ukraine International Airline jet crashed shortly after takeoff from Te... More »

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Tennis: ‘You can’t curse,’ Gauff admonishes dad during match

WELLINGTON (Reuters) – Parents normally tell their teenagers to watch their language, but Coco Gauff turned the tables on her father on Thursday during her second round clash with Laura Siegemund at the Auckland Classic. The 15-year-old Gauff had taken the fir... More »

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Williams struggles but advances to quarters in Auckland

WELLINGTON (Reuters) – Top seed Serena Williams was made to work hard against fellow American Christina McHale before she prevailed 3-6 6-2 6-3 to advance to the quarter-finals of the Auckland Classic on Thursday. The 23-times Grand Slam champion looked a comp... More »

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ECB’s Knot says low rate policy risks becoming counterproductive

AMSTERDAM (Reuters) – Interest rates in the euro zone could remain historically low for years, but the European Central Bank’s (ECB) ultra-loose monetary policy risks becoming counterproductive, ECB governing council member Klaas Knot said in an interview publ... More »

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Adidas and Beyonce to launch gender-neutral collection

BERLIN (Reuters) – Adidas will start selling a new collection designed with singer Beyonce on Jan. 18 in a relaunch of her Ivy Park brand that includes shoes, clothes and accessories, mostly in maroon, orange and cream. Adidas described the collection, which f... More »

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German union calls for pre-Christmas Amazon strike

BERLIN (Reuters) – Trade union Verdi called for workers at a key Amazon (AMZN.O) logistics center in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there. Unions have staged repeat... More »

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U.S. Supreme Court takes up Trump bid to shield financial records

WASHINGTON (Reuters) – The U.S. Supreme Court on Friday agreed to hear President Donald Trump’s appeals in three separate cases to prevent his financial records, including tax returns, being handed over to Democratic-led House of Representatives committees and... More »

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ECB keeps policy unchanged with door still open to more stimulus

FRANKFURT (Reuters) – The European Central Bank left policy unchanged at new ECB President Christine Lagarde’s first meeting on Thursday, keeping money taps wide open and further stimulus ready as the euro zone economy continues to suffer from broader global t... More »

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Surging exports lend a fillip to flagging German economy

BERLIN (Reuters) – Germany’s exports rose unexpectedly in October, a morale boost for Europe’s largest economy, which has been teetering on the brink of recession over recent quarters. The 1.2% rise in exports raises hopes that the economy can avoid contractin... More »

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Lufthansa to sell rest of catering unit LSG in 2020

BERLIN (Reuters) – Lufthansa (LHAG.DE) will initiate the sale of the parts of its catering unit LSG it is not selling to Switzerland’s Gategroup (GGRUF.PK) early next year, the German carrier said on Monday. Lufthansa announced last month it is selling the Eur... More »

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Exclusive: Saudi Aramco pursues war cover after attacks – sources

LONDON/RIYADH (Reuters) – Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil company, has been ... More »

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Make up your minds, Merkel protegee tells new SPD leaders

BERLIN (Reuters) – The coalition deal forming the basis of Germany’s ruling alliance is not up for renegotiation and the new leaders of the Social Democrats (SDP) must decide whether or not they want to stay in government, Chancellor Angela Merkel’s protegee s... More »

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German manufacturing contraction eases in November

BERLIN (Reuters) – Germany’s export-dependent manufacturing sector contracted at a slower pace for the second month in a row in November, a survey showed on Monday, as companies sounded optimistic about their future business. IHS Markit’s Purchasing Managers’ ... More »

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Team by team analysis of the Abu Dhabi Grand Prix

(Reuters) – Team by team analysis of Sunday’s season-ending Abu Dhabi Formula One Grand Prix (listed in championship order): – MERCEDES (Lewis Hamilton 1, Valtteri Bottas 4) Hamilton’s 11th win of the season, fifth in Abu Dhabi and 84th of his career. He start... More »

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Hamilton not ruling out a Ferrari switch

ABU DHABI (Reuters) – Six times world champion Lewis Hamilton did not deny meeting Ferrari chairman John Elkann when asked on Sunday about speculation linking the Mercedes driver with a move to the Italian team in 2021. The 34-year-old Briton will be out of co... More »

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Tesla move will draw further companies into Germany: state premier

FRANKFURT (Reuters) – Tesla’s (TSLA.O) announcement earlier this month that it will build its first European factory near Berlin will draw further companies from the electric mobility and energy storage sectors into Germany, a state premier told newspaper Die ... More »

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France and Germany propose EU overhaul after Brexit upheaval

BRUSSELS (Reuters) – France and Germany put aside bilateral tensions on Tuesday to call for an overhaul of the EU, which has been buffeted over the past decade by a euro zone debt crisis, an influx of migrants and refugees, rising eurosceptic populism and Brex... More »

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Morgan Stanley fund offer for PNE too low: shareholders group SdK

FRANKFURT (Reuters) – Morgan Stanley Infrastructure Partners’ (MS.N) offer for PNE (PNEGn.DE) which values the German renewable firm at 306 million euros ($337 million) is too low, small shareholders group SdK said on Tuesday. The 4.00 euro per share bid runs ... More »

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German 5G bidders must guarantee no foreign state meddling: CDU

LEIPZIG, Germany (Reuters) – Bidders for German 5G rollout contracts must guarantee the network will be free of foreign state influence, Chancellor Angela Merkel’s Christian Democrats agreed on Saturday, stopping short of singling out China’s Huawei. After a h... More »

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Shares grind towards record high as China trims key rate

LONDON (Reuters) – World shares were close to a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015. In the latest show of support for its economy, China’s central bank cut rates on seven-day rev... More »

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Russian military exports unaffected by sanctions: Rostec CEO

DUBAI (Reuters) – Russia’s military export sales have not fallen despite U.S. sanctions, the head of state conglomerate Rostec said on Monday. Rostec, whose business includes weapons manufacturer Kalashnikov as well as Russian Helicopters and United Aircraft C... More »

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Boeing, Airbus kept in suspense over big Dubai jet deals

DUBAI (Reuters) – Airbus (AIR.PA) and Boeing (BA.N) fought to save billions of dollars of jet deals on Sunday as host airline Emirates kept the Dubai Airshow in suspense over dozens of tentative orders designed to fine-tune the world’s largest international ai... More »

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Verstappen wins Brazil GP thriller as Ferraris collide

SAO PAULO (Reuters) – Max Verstappen won a thrilling Brazilian Formula One Grand Prix for Red Bull on Sunday after the Ferraris collided and Mercedes’ six-times world champion Lewis Hamilton was demoted from third to seventh. In a race of safety cars and surpr... More »

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Motor racing: Team by team analysis of the Brazilian Grand Prix

SAO PAULO (Reuters) – Team by team analysis of Sunday’s Brazilian Grand Prix, penultimate race of the 21-round Formula One season (listed in championship order): – MERCEDES (Lewis Hamilton 7, Valtteri Bottas retired) Hamilton finished third on track but collec... More »

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Ferrari drivers should feel sorry about mistakes, says team boss

SAO PAULO (Reuters) – Ferrari reminded Sebastian Vettel and Charles Leclerc of their responsibilities to the team after they put each other out of Sunday’s Brazilian Grand Prix, the penultimate race of the Formula One season. The collision between the pair, on... More »

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Netflix to change Nazi guard documentary after Polish complaint

WARSAW (Reuters) – Netflix said on Thursday it would make changes to maps in a documentary that showed German Nazi death camps inside the borders of modern Poland, after Polish Prime Minister Mateusz Morawiecki pressed the streaming and production company to a... More »

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Turkey starts repatriation of captured Islamic State militants

ANKARA (Reuters) – Turkey said on Monday it had deported two Islamic State militants — a German and an American — beginning a programme to repatriate fighters that has caused friction with its NATO allies since it launched an offensive in northern Syria. Allie... More »

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Croatia’s foreign minister says NATO is necessary

BRUSSELS (Reuters) – Croatian Foreign Minister Grlic Radman defended NATO on Monday following criticism of the 70-year-old alliance from the United States and France. French President Emmanuel Macron said last week that NATO was dying, comments German chancell... More »

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Hong Kong gloom spreads to Europe, miners lead decline

(Reuters) – European shares edged lower for a second session on Monday as an escalation in Hong Kong protests, an inconclusive Spanish election and Moody’s warning on Britain’s sovereign debt made for a gloomy start to the week. The pan-European STOXX 600 inde... More »

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Culture change is the cutting edge of mental health benefits at work

NEW YORK (Reuters) – When Hartmut Braune comes to work in security communications at SAP, he never knows what emergency will land in his inbox. It is a challenging job, compounded by the fact that Braune also coordinates the company’s global Lighthouse Core Te... More »

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Prehistoric ape from Germany was a pioneer of two-legged walking

WASHINGTON (Reuters) – Fossils unearthed in southern Germany of a remarkable ape that lived about 11.6 million years ago may dramatically alter the understanding of the evolutionary origins of a fundamental human trait – walking upright on two legs. Scientists... More »

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Hamilton painting masterpiece with sixth drivers’ title

AUSTIN, Texas (Reuters) – Valtteri Bottas won the battle but Lewis Hamilton won the war, securing his sixth Formula One world championship on Sunday, despite finishing second to his Mercedes team mate at the U.S. Grand Prix. Bottas, the last man with a chance ... More »

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In moment of triumph, Hamilton thinks of loss

AUSTIN, Texas (Reuters) – In his moment of triumph on Sunday, an emotional Lewis Hamilton reflected on loss, demons and the personal growth that led him to a sixth Formula One drivers’ title. As his Mercedes team celebrated, Hamilton’s comments after the race ... More »

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Waymo tests ‘rider only’ service and looks beyond robo-taxis

(This October 28 story corrects to remove erroneous reference in paragraph 6 to regulations preventing the use of autonomous trucks) DETROIT (Reuters) – Waymo Chief Executive John Krafcik said the self-driving vehicle company is now offering limited “rider-onl... More »

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EU agrees Brexit delay to January 31, eyes formal approval on Tuesday

BRUSSELS (Reuters) – The European Union agreed on Monday to delay Brexit until Jan.31, said the bloc’s chairman, Donald Tusk. “The EU27 has agreed that it will accept the UK’s request for a Brexit flextension until 31 January 2020,” Tusk said of the idea of a ... More »

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German WW2 U-boat base in France reboots as data center

PARIS (Reuters) – The thick concrete walls of a long-abandoned World War Two German submarine base in Marseille, southern France, are set to find a new purpose: keeping banks of computer servers safe and cool. Dutch cloud services firm Interxion plans to inves... More »

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SAP in three-year cloud partnership with Microsoft

BERLIN (Reuters) – Business software group SAP said on Monday it had reached a three-year deal with Microsoft to help its large enterprise customers move their business processes into the cloud. The partnership, called “Embrace”, will help clients to run opera... More »

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Fallout from Trump’s trade wars felt by economies around the world

WASHINGTON (Reuters) – The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. Central bank governors and finance ministers traded grim tales of suffering economies at the International Mo... More »

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Bored by Brexit? British TV starts Brexit-free news channel

LONDON (Reuters) – After three years of Brexit crisis, Sky News is betting that some viewers are so bored by the divorce drama that there is a market for a channel dedicated to news that has nothing to do with Britain’s exit from the European Union. Ever since... More »

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Goldman wants traders to be more like dealmakers and coders

NEW YORK (Reuters) – Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: a... More »