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Boral shares plunge after bushfire profit hit, accounts probe

(Reuters) – Australia’s Boral Ltd (BLD.AX) said on Monday delays to building projects due to bushfires will likely cause a plunge in its second-half results, while revealing an investigation had found inflated earnings at its North American window-making busin... More »

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Kobe Bryant remembered at Grammy Awards hours after his death

LOS ANGELES (Reuters) – Musicians and performers at the Grammy Awards paid tribute to Kobe Bryant on Sunday at his former home arena, the Staples Center in Los Angeles, hours after the NBA great was killed some 40 miles (65 km) away in a helicopter crash. Brya... More »

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Australian budget surplus in doubt as bushfire funding boosted

SYDNEY (Reuters) – Australia on Monday boosted emergency funding for small businesses hit by bushfires that have ravaged the country for months, as the mounting costs of the disaster cast doubt on the government’s ability to deliver a promised budget surplus. ... More »

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Serena puts aside air quality concerns to clear first hurdle

MELBOURNE (Reuters) – Serena Williams put aside her concerns about the air quality at Melbourne Park as she breezed into the second round of the Australian Open on Monday to remain on course for a record-equaling 24th Grand Slam title. Buoyed by securing her f... More »

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Sports need to do more to combat climate change: lobby group

(Reuters) – The bushfire smoke that hampered the buildup to the Australian Open highlights the need for Tennis Australia to be doing much more to combat climate change, the country’s national environmental lobby group said. The Australian Open, the season open... 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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Trump to halt civilian drone program over China tech concerns: FT

(Reuters) – The U.S. government is planning to permanently halt its civilian drone program due to the devices being made at least partly in China, the Financial Times reported on Sunday. The U.S. Department of the Interior is considering halting about 1,000 dr... More »

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Weight lifted for Serena as Melbourne beckons

WELLINGTON (Reuters) – The length of time Serena Williams held her arms aloft after clinching her first WTA title in almost three years spoke volumes on Sunday as the American prepares for the latest tilt at a 24th Grand Slam title in Melbourne next week. The ... More »

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ATP makes $500,000 donation for Australian bushfire relief

(Reuters) – The ATP will donate $500,000 to the WWF Australian Wildlife and Nature Recovery Fund as part of the bushfire relief efforts, the governing body of men’s tennis said on Sunday. The donation from players was announced by Novak Djokovic and Rafa Nadal... More »

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Earth’s temperature likely marks hottest decade on record: report

MADRID (Reuters) – The past decade is almost certain to be the hottest on record, weather experts warned on Tuesday, painting a bleak picture of vanishing sea ice, devastating heatwaves and encroaching seas in a report launched at a climate summit in Spain. An... More »

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Indonesia shuts some schools as haze again clouds the skies

JAKARTA (Reuters) – Indonesia warned its citizens of more choking smoke from forest fires on Tuesday as several provinces closed schools due to worsening air quality. An El Nino weather pattern this year has intensified annual dry-season fires, often caused by... More »

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Thousands pray for rain in Indonesia as forests go up in smoke

JAKARTA (Reuters) – Thousands of Indonesians prayed for rain in haze-hit towns on the islands of Sumatra and Borneo on Wednesday, as forest fires raged at the height of the dry season, the state Antara news agency reported. Fires have burnt through parts of Su... More »

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Catastrophes set to drive 2020 reinsurance rates higher

LONDON (Reuters) – Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to competition and fe... More »

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Iran has opportunity to come back into nuclear deal: UK’s Johnson

BIARRITZ, France (Reuters) – Iran has an opportunity to come back into compliance with the nuclear deal and resume dialogue about its nuclear activities, British Prime Minister Boris Johnson said on Monday. U.S. President Donald Trump said earlier he would mee... More »

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Reinsurance hedge fund Tangency Capital raises further $165 million

LONDON (Reuters) – Hedge fund Tangency Capital has raised a further $165 million to invest in the property reinsurance market, bringing its size to $265 million as the hurricane season gets under way, one of its co-founders told Reuters on Wednesday. Insured l... More »

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BlueMountain names slate for PG&E board

NEW YORK (Reuters) – PG&E Corp investor BlueMountain Capital Management LLC on Friday named 13 people it hopes to install as directors at the embattled power utility weeks after the company filed for bankruptcy in the wake of California’s catastrophic wildfire... More »

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Senate shelves disaster aid bill until next month

WASHINGTON (Reuters) – Legislation to provide $81 billion in new disaster aid for U.S. states, Puerto Rico and the U.S. Virgin Islands was put on hold by the Senate on Thursday amid attacks from both Republicans and Democrats. The Republican-controlled House o... More »

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U.S. House approves $81 billion for disaster aid

WASHINGTON (Reuters) – The U.S. House of Representatives on Thursday approved an $81 billion bill to help widespread recovery efforts from hurricanes and wildfires this year. By a vote of 251-169, the House passed the measure to help Puerto Rico, the U.S. Virg... More »

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Residents return home as New Zealand wildfire threat eases

Wildfires threaten a suburb of Christchurch on New Zealand’s South Island taken after sunset, February 15, 2017. REUTERS/Mark Hannah Photography More than 1,400 residents of New Zealand’s Christchurch city returned home on Friday as firefighters contained a ma... More »

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Indonesia sending hundreds of troops to fight smog-causing fires

(This version of the story corrects number of troops in paragraph 1 to 1,000 from 10,000- headline altered to reflect change) PADAMARAN, Indonesia (Reuters) – Indonesia said on Friday it will send more than 1,000 troops to fight fires in southern Sumatra, as s... More »