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New York State pension fund puts 27 coal companies under review

BOSTON (Reuters) – New York state’s top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months. The reviews by the third-largest U.S. state pension system, with... More »

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Walmart sacks 56 executives in India as part of restructuring

NEW DELHI (Reuters) – Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country. The move underscores the challenges Walmart has faced in expanding its wholesale business in India. The Bentonville, Ark... More »

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Apple pushes recycling of iPhone with ‘Daisy’ robot

AUSTIN, Texas (Reuters) – Apple Inc APPL.O is trying to change the way electronics are recycled with a robot that disassembles its iPhone so that minerals can be recovered and reused, while acknowledging rising global demand for electronics means new mines wil... More »

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China’s factory, retail sectors shine as trade tensions thaw

BEIJING (Reuters) – Growth in China’s industrial and retail sectors beat expectations in November, as government support propped up demand in the world’s second-largest economy and amid easing trade hostilities with Washington. The set of upbeat figures releas... More »

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Congo authorities say Ebola survivor falls ill a second time

GISENYI, Rwanda (Reuters) – An Ebola survivor has fallen ill with the disease for a second time in eastern Congo, the Congolese health authorities said on Sunday, saying it was not yet clear if it was a case of relapse or reinfection. The Ebola outbreak in Dem... More »

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Choking and crying, Hong Kong protesters pinned back on campus

HONG KONG (Reuters) – Hong Kong police laid siege to a university on Monday, firing rubber bullets and tear gas to pin back anti-government protesters armed with petrol bombs and other homemade weapons from fleeing amid fears of a bloody crackdown. Dozens, cho... More »

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Mozambique votes in high-stakes election

MAPUTO (Reuters) – Mozambicans voted on Tuesday in an election that could test a fragile two-month-old peace deal between the ruling Frelimo party and its old civil war foe turned opposition rival Renamo. The presidential, legislative and provincial polls are ... More »

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Volvo, Geely to merge combustion engine operations

FRANKFURT (Reuters) – Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hy... More »

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Investing green is all the rage, but benchmarks still hazy

SYDNEY (Reuters) – Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking exercise in the transition from brown to gree... More »

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Ebola death toll in east Congo outbreak climbs above 2,000

GOMA, Democratic Republic of Congo (Reuters) – The death toll from Democratic Republic of Congo’s year-long Ebola outbreak has climbed above 2,000, government data showed on Friday, as responders battle to overcome community mistrust and widespread security pr... More »

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WHO says no new Ebola cases in Goma, vaccinates over 1,300

GOMA (Reuters) – The World Health Organization said it has vaccinated over 1,300 people who potentially came into contact with the Ebola virus in the Congolese city of Goma, helping contain what many feared would be a rapid spread in an urban center. A year-lo... More »

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Rio Tinto names Barbara Levi as group general counsel

(Reuters) – Rio Tinto (RIO.L)(RIO.AX) named Barbara Levi as its new general counsel and group executive on Monday, replacing Philip Richards. Levi, currently group legal head, M&A and strategic transactions at Novartis, will join the miner on Jan. 1, 2020. Sou... More »

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China May crude oil imports drop after April record

SINGAPORE/BEIJING (Reuters) – China’s crude oil imports slipped 8% in May from an all-time peak hit the month before, customs data showed, as the world’s top importer of the commodity curbed shipments from Iran amid tightening U.S. sanctions on that country. C... More »

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Exclusive: Coal deal showcases lack of transparency in Ukraine

NOVOVOLYNSK, Ukraine (Reuters) – Ukrainian police are investigating two companies and a factory over a coal deal which some anti-corruption campaigners say epitomizes the difficulties of doing business in the east European country. The sums involved in the dea... More »

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Russia wants to join Luxembourg in space mining

LUXEMBOURG (Reuters) – Russia, a leading producer of natural resources, plans to join Luxembourg in mining for minerals in outer space, Russian Deputy Prime Minister Tatyana Golikova said on Wednesday. Space mining has been the realm of science fiction, but a ... More »

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African nations sense upper hand in minerals stand-off

CAPE TOWN (Reuters) – African nations with rich reserves of copper and cobalt needed for the shift to electric vehicles sense they have the upper hand in negotiations with mining companies that are struggling to secure better terms. Days of talks at the Mining... More »

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Saudi government to spend 100 billion riyals on industry plan

RIYADH (Reuters) – The Saudi Arabian government will spend 100 billion riyals ($27 billion) in 2019 and 2020 as part of its industrial development program, Aabed Abdullah al-Saadoun, deputy minister of Energy, Industry and Mineral Resources said on Monday Sour... More »

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Mexican Lopez Obrador wins historic election landslide for left

MEXICO CITY (Reuters) – Andres Manuel Lopez Obrador won Mexico’s presidency in a landslide victory on Sunday, setting the stage for the most left-wing government in the country’s democratic history at a time of tense relations with the Trump administration. Th... More »

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European shares fall as trade worries, German politics bite

LONDON (Reuters) – European shares opened lower on Monday as on-going worries about the U.S. trade policies and concerns about German Chancellor Angela Merkel’s coalition weighed on sentiment. The pan-European STOXX 600 was down about 1.2 percent by 0730 GMT i... More »

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Businesses turn up heat on Mexican government over crime surge

MEXICO CITY (Reuters) – Mexican business leaders called out the government on Monday over a recent wave of criminal activity that has terrorized large swaths of Latin America’s second-largest economy and led some prominent firms to cut back operations. Two of ... More »

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Mali president confirms he will run for re-election

BAMAKO (Reuters) – Mali’s President Ibrahim Boubacar Keita announced on state TV on Monday that he would run for re-election in a poll scheduled for the end of July. Keita, 73, had been widely expected to run for a second term, but had not confirmed his intent... More »

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J&J defends itself in trial over baby powder asbestos claims

(Reuters) – A trial for a lawsuit alleging that Johnson & Johnson Baby Powder was responsible for the death of a woman due to her exposure to cancer-causing asbestos began in South Carolina on Monday in the latest case against the healthcare conglomerate and a... More »

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Death toll rises to four at South African gold mine

JOHANNESBURG (Reuters) – Mine operator Sibanye-Stillwater said on Friday that 10 of 13 miners trapped underground at its South African gold mine were rescued but four of the 10 have died from their injuries. The miners were trapped by at the company’s Masakhan... More »

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China vows to open up more futures markets as iron ore goes…

DALIAN/MANILA (Reuters) – China plans to open more of its futures contracts to foreign investors, a senior official said on Friday, as Beijing launched its “internationalised” iron ore contract as part of a bid to boost its sway over pricing of major commodity... More »

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South African authorities raid Gupta compound in Johannesburg

JOHANNESBURG (Reuters) – South African police on Monday raided the compound of former president Jacob Zuma’s allies the Guptas, who were accused two years ago in a report by a corruption watchdog of using their influence to gain control of state companies and ... More »

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Ethiopia swears in Abiye as new PM amid ethnic, youth tensions

ADDIS ABABA (Reuters) – Ethiopia’s parliament swore in Abiye Ahmed as prime minister on Monday with a mandate to implement democratic reforms aimed partly at defusing ethnic tensions in the Oromiya province from which the former army lieutenant general hails. ... More »

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Russian billionaire Potanin buys 2 percent of Nornickel from…

MOSCOW (Reuters) – Russian billionaire Vladimir Potanin’s Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisiona... More »

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As mining investors push caution, Glencore differs from rivals

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo TORONTO/MELBOURNE (Reuters) – As shareholders push the world’s cash-rich miners to ... More »

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Startling orangutan population decline recorded in Borneo

FILE PHOTO: An orangutan hold its baby at the Sepilok Orangutan Rehabilitation Center in the Malaysian state of Sabah on Borneo island on January 11, 2004. REUTERS/Bazuki Muhammad/File Photo WASHINGTON (Reuters) – Hunting by people and habitation destruction b... More »

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Bitcoin slides further, headed for worst week since 2013

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo LONDON (Reuters) – Bitcoin fell 9 percent on Friday, leaving the best-known cryptocu... More »

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German car production stalled by 24-hour strikes

BMW workers during a 24-hour strike by German industrial trade union IG Metall in Berlin, Germany, February 2, 2018. Placard reads “6% more, we find fair”. REUTERS/Christian Mang FRANKFURT (Reuters) – Car factories across Germany were at a standstill on Friday... More »

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Blockchain to track Congo’s cobalt from mine to mobile

FILE PHOTO: Part of Tilwizembe, a former industrial copper-cobalt mine now occupied by artisanal miners, is seen outside Kolwezi, the capital city of Lualaba Province in the south of Democratic Republic of Congo, June 11, 2016. REUTERS/Aaron Ross/File Photo LO... More »

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Rio Tinto to retrofit Pilbara trucks for autonomous handling

FILE PHOTO – A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo SYDNEY (Reuters) – Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous ... More »

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Out of U.S. sanctions, Sudan tries to lure back investors

LONDON (Reuters) – Sudan’s president is wanted for crimes against humanity, the economy has lost much of its oil output and the government is in arrears with the IMF. And yet Osama Faisal’s target of boosting foreign investment tenfold is not quite as daunting... More »