LONDON Britain’s opposition Labour leader Jeremy Corbyn sacked his foreign policy chief on Sunday, a spokesman said, plunging the party into open conflict after Britain voted to leave the European Union. The EU referendum, which saw 52 percent of Britons votin... More »
BERLIN Volkswagen AG (VOWG_p.DE) should offer European drivers similar compensation to what the German carmaker is expected to pay U.S. customers, Europe’s Industry Commissioner Elzbieta Bienkowska told a newspaper on Sunday. “Volkswagen should voluntarily pay... More »
HONG KONG Years of breakneck growth for China’s top insurers has been partly fueled by a splurge on risky investment products that could punch multi-billion-dollar holes in their balance sheets if the slowing economy triggers heavy debt defaults. Industry prem... More »
TORONTO TransCanada Corp is formally requesting arbitration over U.S. President Barack Obama’s rejection of the Keystone XL pipeline, seeking $15 billion in damages, the company said in legal papers dated Friday. TransCanada submitted a notice for an arbitrati... More »
SAN FRANCISCO/WASHINGTON Some of the web’s biggest destinations for watching videos have quietly started using automation to remove extremist content from their sites, according to two people familiar with the process. The move is a major step forward for inte... More »
BEIJING The Asian Infrastructure Investment Bank (AIIB) stressed its independence from China at its first annual meeting on Saturday, saying it plans to cooperate with other development banks and add new members, including Hong Kong. Chinese President Xi Jinpi... More »
BEIJING China’s internet regulator said on Saturday that search engines should tighten management of paid-for ads in search results, making clear which results are paid-for and limiting their numbers. The Chinese government already exercises widespread control... More »
BRUSSELS British companies planning mergers with EU peers will face more legal costs and regulatory hassles after Britain leaves the European Union as they will have to deal with two antitrust watchdogs, competition experts said. On the other hand, freed from ... More »
DETROIT Federal health officials on Friday confirmed that the blood lead levels of children in Flint, Michigan, rose after the city switched to the Flint River as the source of its drinking water, exposing residents to dangerously high contamination. Flint, wi... More »
SINGAPORE Singapore’s central bank, which has ordered Swiss private bank BSI to close its local operations, said on Friday BSI’s appeal to a Swiss court against a decision by Switzerland’s financial watchdog has no bearing on regulatory action in Singapore. In... More »
BRUSSELS An impasse between EU nations on whether to allow Monsanto’s Roundup and similar weed-killers to continue to be sold means that the European Commission, rather than national politicians, will decide the issue next week. With most EU attention focused ... More »
FRANKFURT The European Central Bank is planning to give euro zone banks non-binding guidance by the end of 2016 or early 2017 to cut their bad debt pile, raising the heat on lenders but not forcing their hand, sources said. The ECB, which supervises 129 of the... More »
MUNICH, Germany Europe’s growing army of robot workers could be classed as “electronic persons” and their owners liable to paying social security for them if the European Union adopts a draft plan to address the realities of a new industrial revolution. Robots... More »
LUXEMBOURG The 19 countries sharing the euro zone will strengthen their cooperation in all necessary fields regardless of the outcome of the British referendum on European Union membership next week, the head of the euro zone group of finance ministers said on... More »
MOSCOW Russian President Vladimir Putin and European Commission President Jean-Claude Juncker will talk about sanctions and energy projects when they meet in St Petersburg this week, Kremlin aide Yuri Ushakov told reporters. “The subject of sanctions will be r... More »
SEATTLE For Seattle, home to cloud technology powerhouses Amazon Inc (AMZN.O) and Microsoft Corp (MSFT.O), the process of upgrading the city’s data systems is moving more at glacial dial-up speed than lightning-fast broadband. In 2014, Seattle hired a chief te... More »
TOKYO Nissan Motor Co (7201.T) said on Tuesday it was developing fuel cell vehicle (FCV) technology using ethanol as a hydrogen source in what would be an industry first, and planned to commercialize its system in 2020 as part of efforts to develop cleaner car... More »
BRUSSELS U.S. hotel chain Marriott International (MAR.O) is on track to win unconditional EU antitrust approval for its cash and share purchase of Starwood Hotels and Resorts Worldwide Inc (HOT.N), a person familiar with the matter said on Tuesday. The deal, c... More »
The new logo for DISH is seen on the podium before a news event to promote the company’s new logo, products and services at the Consumer Electronics Show opening in Las Vegas January 9, 2012. REUTERS/Rick Wilking Tribune Media Co chose to take off its televisi... More »
Tribune Media Co chose to take off its television channels from Dish Network Corp’s distribution systems across the United States on Sunday night after they failed to renew their contract, the companies said. Dish said its customers lost access to 42 local cha... More »
CHICAGO A new type of cancer drug that takes the brakes off the body’s immune system has given drugmakers some remarkable wins against the deadly disease, but a top U.S. regulator says too many companies are focused on the same approach. Dr. Richard Pazdur, he... More »
WASHINGTON U.S. government agencies are working on temporary rules to allow a private company to land a spacecraft on the moon next year, while Congress weighs a more permanent legal framework to govern future commercial missions to the moon, Mars and other de... More »
ULAANBAATAR U.S. Secretary of State John Kerry hailed Mongolia as an “oasis of democracy” sitting in a tough location between Russia and China as he made a rare visit by a cabinet-level U.S. official on Sunday. Arriving from Paris, Kerry made the visit to Mong... More »
BEIJING China has promised to implement measures to improve laws and government services for businesses in response to slowing private investment growth, state media reported late on Saturday. China is counting on the private sector to invest more in the econo... More »
TRENTO, Italy Excessive capital requirements can backfire, Italy’s economy minister said on Saturday, defending a joint French-Italian proposal to cap the amount of reserves that euro zone banks should have to wipe out before they can be rescued. Rules in forc... More »
CHICAGO Early results from a clinical trial of Roche Holding AG cancer drugs released on Saturday suggest some promise in matching treatments based on abnormalities found in a patient’s tumor rather than the organ in which the cancer was originally detected. T... More »
DHAKA/NEW YORK Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to trans... More »
A Washington state man was sentenced on Friday to eight years in prison for his role in helping the management of the successor website to Silk Road, an online black market where illegal drugs and other goods were sold. Brian Farrell, who prosecutors say was a... More »
U.S. Food and Drug Administration staff released voting questions on Teva Pharmaceutical Industries Ltd’s long-acting opioid painkiller for a panel of independent experts who will recommend to the agency whether to approve the drug. An FDA spokesman on Friday ... More »
An experimental, long-acting painkiller made by Teva Pharmaceutical Industries Ltd does not have abuse-resistant properties when taken orally, according to a preliminary review by the U.S. Food and Drug Administration. The drug, whose proposed trade name is Va... More »
Facebook Inc’s (FB.O) board has proposed removing Mark Zuckerberg’s majority voting control in the event of the social media giant’s chief executive and founder deciding to exit management at some point in future. In a proxy filing with the U.S. Securities and... More »
WASHINGTON A U.S. congressional committee has launched an investigation into the Federal Reserve’s cyber security practices after a Reuters report revealed more than 50 cyber breaches at the U.S. central bank between 2011 and 2015. The House Committee on Scien... More »
NEW YORK U.S. prosecutors have agreed to a rare settlement refund of $6 million to hedge fund Diamondback Capital Management LLC after a ruling by a 2014 federal appeals court made pursuing insider trading cases tougher, according to court papers. In documents... More »
BERLIN Germany denied interfering in Chinese home appliance maker Midea’s 4.5 billion euro ($5 billion) bid for industrial robot maker Kuka on Friday, saying it was not organising a rival offer. German media have reported that German Economy Minister Sigmar Ga... More »
WASHINGTON Legislation with bipartisan support that would revamp U.S. chemical safety law for the first time in decades is advancing in Congress, winning overwhelming passage in the House of Representatives as backers sought quick Senate action. Senate leaders... More »
KAMPALA Tanzania has removed more than 10,000 “ghost workers” from its public sector payroll after a nationwide audit found their fraud cost the government over $2 million a month, the prime minister’s office has said. Government officials say the payroll audi... More »
LONDON HSBC (HSBA.L), Europe’s largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year. Most of th... More »
SHANGHAI Bridgewater Associates, the world’s largest hedge fund with around $150 billion in assets under management, has set up an investment management unit in Shanghai, according to a Chinese government website filing, signaling that the firm is looking to e... More »
LONDON Google (GOOGL.O) faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping servic... More »
BEIJING Apple Inc Chief Executive Tim Cook visited Beijing on Monday, days after announcing a $1 billion deal with ride-hailing app Didi Chuxing, and as the U.S. firm tries to reinvigorate sales in China, its second-largest market after the United States. From... More »
Amazon.com Inc will launch new lines of its private-label brands in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The new brands with names like Happy Belly, Wickedly Prime and Mama Bear will include nuts, spices, ... More »
Facebook Chief Executive Mark Zuckerberg will meet this week with prominent conservatives in the media, a spokesman said on Sunday, to address allegations of political bias at the popular social networking site. Some 12 “conservative thought leaders” will join... More »
PARIS Three French anti-racism associations said on Sunday they would file legal complaints against social networks Facebook (FB.O), Twitter (TWTR.N) and Google’s Youtube (GOOGL.O) for failing to remove “hateful” content posted on their platforms. French law r... More »
NEW YORK – Pfizer Inc has taken steps to ensure that none of its products are used in lethal injections, the largest U.S. drugmaker said on Friday. “We are enforcing a distribution restriction for specific products that have been part of, or considered by some... More »
LOS ANGELES U.S. restaurant owners will have an extra five months to post the calorie counts of the food they sell under a new federal deadline of May 5, 2017. The national calorie disclosure rule is part of the Affordable Care Act of 2010, also known as Obama... More »
NEW YORK Charter Communications Inc said on Thursday its proposal to buy Time Warner Cable Inc was approved by the California Public Utilities Commission, overcoming the last hurdle to complete the deal. “We look forward to closing these transactions next week... More »
LONDON The BBC will face external regulation for the first time in its 94-year history, the government said on Thursday, subjecting it to tighter scrutiny but stopping short of the heavy-handed intervention that some stars and programme-makers had feared. In a... More »
LONDON The British government said the publicly-funded BBC would not regulate itself in future, with a new unitary board taking over the responsibilities of the BBC Trust and external regulator Ofcom being brought in to oversee the corporation. “It is no longe... More »
ANKARA Tayyip Erdogan’s ambitions for a swift move to strong presidential rule could suffer if dissidents in Turkey’s nationalist opposition succeed in a party leadership challenge that could bolster their party’s electoral support. A bid by several hundred me... More »
LAGOS Nigeria’s central bank (CBN) and law enforcement agencies have launched an investigation into various banking deals after allegations of illegal transactions, it said on Tuesday, and authorities are questioning top executives at several banks. President ... More »
HONG KONG Alibaba Group Holding Ltd’s online shopping platform Taobao is tightening controls on the sales of luxury goods, requiring sellers to show proof of authenticity, as it fights sales of fake items on one of China’s top online platforms. From May 20, se... More »
BEIJING Cigarette sales in China fell slightly over the past year after a hike in tobacco taxes, the World Health Organization said on Tuesday, as the country works to suppress a habit with major healthcare costs. The world’s largest producer and consumer of c... More »
BEIJING Baidu Inc’s CEO has called on employees to put values before profit in response to a scandal around the death of a student who underwent an experimental cancer treatment he found on the company’s search website. Before his death, student Wei Zexi, 21, ... More »
WASHINGTON The Federal Communications Commission and Federal Trade Commission have asked mobile phone carriers and manufacturers to explain how they release security updates amid mounting concerns over security vulnerabilities, the U.S. agencies said on Monday... More »
NEW YORK The chairman of the U.S. House of Representatives’ Natural Resources Committee said on Monday legislation to address Puerto Rico’s growing debt and humanitarian crisis will be introduced for discussion on Wednesday, with a committee vote a week later.... More »
WASHINGTON/WINSTON-SALEM, N.C. A fight between the Obama administration and North Carolina over a state law limiting public bathroom access for transgender people escalated on Monday as both sides sued each other, trading accusations of civil rights violations... More »
SACRAMENTO, Calif. A bill requiring all single-occupancy public restrooms to be open to anyone regardless of gender or gender identity passed the California Assembly on Monday, and will proceed to the state Senate. The most populous U.S. state already bars dis... More »
AUSTIN, Texas On-demand ride companies Uber and Lyft suspended their services in Austin, Texas, on Monday after a stinging loss in a weekend vote where they had spent heavily to repeal a city ordinance requiring them to conduct fingerprint background checks fo... More »
WASHINGTON The White House said on Monday it was concerned the debt crisis confronting Puerto Rico could hamper its ability to deal with the potential public health crisis caused by the spread of the Zika virus, which has sickened nearly people 700 on the isla... More »
A large New York law firm that once represented the now-imprisoned Texas financier Allen Stanford has reached a $35 million settlement with victims of his estimated $7.2 billion Ponzi scheme. Chadbourne & Parke entered the accord on Feb. 25, two weeks before a... More »
Across the U.S. Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds from companie... More »
WASHINGTON The U.S. Federal Communications Commission confirmed on Friday that it had voted to approve Charter Communications Inc’s acquisitions of Time Warner Cable Inc and Bright House Networks. The deals, which would create the second-largest U.S. broadband... More »
TOKYO Mitsubishi Heavy Industries Ltd (7011.T) on Monday said it was too early to decide whether to offer support to sister company Mitsubishi Motors Corp (7211.T), which is facing a financial hit after admitting to falsifying fuel economy data on its vehicles... More »
WASHINGTON The White House will likely make a decision by June on whether it will release some classified material withheld from the public 9/11 Commission Report, a former U.S. senator who co-chaired the congressional inquiry into the attacks said on Sunday. ... More »
BEIJING In the race to develop self-driving cars, the United States and Europe lead in technology, but China is coming up fast in the outside lane with a regulatory structure that could put it ahead in the popular adoption of autonomous cars on its highways an... More »
NEW YORK Measures intended to control extreme swings in the U.S. Treasury market might end up hurting other markets and erode investor confidence in U.S. government bonds as a safe haven, according to a private report released on Friday. Some U.S. regulators h... More »
CHICAGO U.S. health and safety officials issued new guidelines on Friday to help protect workers from exposure to Zika, a mosquito-borne and sexually-transmitted virus that causes the birth defect microcephaly and other neurological disorders. The new rules, i... More »
OKLAHOMA CITY An Oklahoma bill that could revoke the license of any doctor who performs an abortion has headed to the governor, with opponents saying the measure in unconstitutional and promising a legal battle against the cash-strapped state if it is approved... More »
BERLIN Germany’s federal states appealed to media outlets on Friday to let prosecutors examine the full detail of the Panama Papers that revealed how offshore firms are used to stash the wealth of the world’s rich and powerful. The scandal broke in early April... More »
HONG KONG The Hong Kong exchange has begun a Brexit impact assessment, and some Asian asset managers are looking to set up new bases in mainland Europe amid growing concerns their operations could be disrupted if Britain votes to leave the European Union in a ... More »
NEW YORK A New York lawyer was sentenced on Thursday to six months in prison for participating in a fraudulent scheme in which a con man impersonated his successful father in order to raise money to buy Maxim magazine. Harvey Newkirk, 40, was sentenced by U.S.... More »
BRUSSELS – Warner Music Group and independent labels have urged EU regulators to fight Sony Corp’s bid to buy out Michael Jackson’s stake in its music publishing joint venture, saying the move gives Sony too much power. Sony last month signed a deal to acquire... More »
AMSTERDAM Europe’s antitrust chief said on Monday that she was looking closely at Google’s (GOOGL.O) deals with phone makers and operators, concerned that conditions related to its popular Android mobile operating system may be restricting competition. The com... More »
SYDNEY Australia’s parliament returned for a special sitting on Monday to debate crucial labor reform bills which are likely to be blocked in the upper house Senate, leading to the dissolution of both houses and an election on July 2. Prime Minister Malcolm Tu... More »
MUMBAI Embattled Indian tycoon Vijay Mallya’s UB Group has denied allegations that it used 4.3 billion rupees ($65 million) of bank loans to now-defunct Kingfisher Airlines to buy property overseas. Mallya, a liquor baron and lawmaker, has been at an unknown l... More »
WASHINGTON The U.S. Supreme Court takes up a case on Monday probing the limits of presidential powers as the justices weigh whether President Barack Obama overstepped his authority with unilateral action to protect millions of people in the country illegally f... More »
WASHINGTON Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him “an irrational type” due to his proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the W... More »
WASHINGTON The U.S. Supreme Court will hear a case on Monday that tests the boundaries of presidential powers, confronting the question of whether President Barack Obama exceeded his authority with unilateral action to spare millions of people in the country i... More »
WASHINGTON The Obama administration on Friday weighed in on the debate over allowing consumers to switch from pricey cable television boxes to less expensive devices, urging regulators to set an example for the rest of government on how to boost competition. C... More »
NEW DELHI India’s biggest cigarette maker ITC Ltd said it would resume production at its factories “consequent upon” a favorable court order, two weeks after it decided to shutter its plants over the government’s stringent new packaging rules. India ordered th... More »
NEW YORK/WASHINGTON Apple Inc said the U.S. government had failed to show a continued need for its help accessing a locked iPhone in a New York drug case after a third party came forward with a solution to crack a different phone belonging to one of the shoote... More »
WASHINGTON The U.S. Treasury Department inched closer on Friday toward finalizing a rule requiring banks to identify the legal owners of shell companies, a move it hopes will help prevent illegal financial activities such as money laundering. The White House’s... More »
WASHINGTON Major carmakers want U.S. auto insurance companies to help persuade millions of American car owners to get recalled vehicles fixed. The new push comes as a U.S. House panel will hold a hearing Thursday on efforts by the National Highway Traffic Safe... More »
ZURICH Roche Holding AG said on Monday the U.S. Food and Drug Administration has granted priority review for atezolizumab for treating people with a specific type of lung cancer. The designation covers treatment of patients with locally advanced or metastatic ... More »
BEIJING China’s online censorship system protects national security and does not discriminate against foreign companies, the country’s internet regulator said, after the United States labeled the blocking of websites by Beijing a trade barrier. The U.S. Trade ... More »
HONG KONG The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China Ltd (601988.SS), a Chinese state-owned bank already facing accusations of aiding illicit money flows from Italy to China, a source familiar with the situa... More »
WASHINGTON President Barack Obama will meet with U.S. Federal Reserve Chair Janet Yellen on Monday to discuss the economy and Wall Street reform, the White House said on Sunday. Vice President Joe Biden will also attend the meeting. The president and the Fed c... More »
The U.S. Justice Department on Friday said it would keep fighting to force Apple Inc to open an iPhone in a New York drug case, continuing its controversial effort to require Apple and other tech companies to help law enforcement authorities circumvent encrypt... More »
A Colorado lawmaker is trying to outlaw marijuana-laced gummy candies that resemble children’s treats, the latest effort by a U.S. state to address the complexities and unintended consequences of pot legalization. In 2014 Colorado became the first state to all... More »
The U.S. Food and Drug Administration on Friday moved to revoke approval of a drug used to treat certain diseases in pigs because it could leave a cancerous residue that may affect human health. The drug, carbadox, is made by Teaneck, New Jersey-based Phibro A... More »
BERN/GENEVA Banking watchdogs across Europe have begun checking whether lenders have ties to a massive document leak from Panama that showed how offshore companies are used to stash clients’ wealth. Switzerland’s financial watchdog FINMA said on Thursday that ... More »
FRANKFURT Rupert Murdoch’s Sky could win all the live broadcast rights to Germany’s Bundesliga soccer again but would have to give up some of the online rights, three sources with knowledge of the matter told Reuters on Friday. Germany’s soccer association is ... More »
LONDON Britain’s Financial Conduct Authority has asked 20 banks and other financial firms to check if they have any ties to Panama law firm Mossack Fonseca, the regulator said on Thursday. A massive leak of documents from the firm released this week detailed h... More »
ST PETERSBURG, Russia Russian President Vladimir Putin said a friend of his named in the “Panama Papers” leaks had done nothing wrong and spent the money he earned from business on buying expensive musical instruments which he was donating to public institutio... More »
ZURICH/REYKJAVIK, Swiss police raided the European soccer body UEFA on Wednesday to seize information about a contract disclosed in the Panama Papers that was signed by Gianni Infantino, now head of the global soccer body FIFA. The impact of the leaked documen... More »
CAPE CANAVERAL, Fla. Orbital ATK is pressing U.S. lawmakers to end a 20-year ban on using decommissioned intercontinental ballistic missiles (ICBM) for launching commercial satellites and the effort has raised concern among companies that have invested million... More »
