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Showing posts with the label Reuters.

Business | Energy: Spies, satellites, subpoenas: soy buyers play hardball with Brazilian farmers by Reuters.

  reuters.com Ana Mano 7-9 minutes Global grains merchants are using satellites and spies to surveil Brazil’s soybean heartland and deploying an army of lawyers to ensure farmers deliver promised crops instead of finding a different buyer at prices that have doubled since deals were made. At stake are billions of dollars and the sanctity of crop contracts in Brazil, the world's top soy exporter accounting for roughly 50% of the global trade. Soybeans have rallied to an eight-year high and Brazil soy exports have soared in particular, especially to China, which needs feed to rebuild a pig herd devastated by African Swine Fever. If farmers deliver, traders make the profits. If farmers can break their deals, they could double their income. The disputes have tested a somewhat informal business culture in rural Brazil. Farmers say traders are demanding delivery even when no contracts were signed. There are

Business News: EU ministers fail to agree virus economic rescue in all-night talks

Jan Strupczewski 5-6 minutes - Source: Reuters BRUSSELS (Reuters) - European Union finance ministers failed to agree in all-night talks on more support for their coronavirus -hit economies and their chairman said on Wednesday morning he was suspending the discussions until Thursday. FILE PHOTO: Eurogroup President Mario Centeno arrives at the European Union leaders summit in Brussels, Belgium, June 21, 2019. REUTERS/Piroschka van de Wouw/File Photo Diplomatic sources and officials said a feud between Italy and the Netherlands over what conditions should be attached to euro zone credit for governments fighting the pandemic was blocking progress on half a trillion euros worth of aid. “After 16 hours of discussions we came close to a deal but we are not there yet,” Eurogroup chairman Mario Centeno said. “I suspended the Eurogroup and (we will ) continue tomorrow.” The finance ministers, who started talks at 1430 GMT on Tues

World News: China vows to strengthen coronavirus controls at land borders as cases rise

1minutes - Source: Reuters BEIJING (Reuters) - China will work to further prevent coronavirus cases imported through its land borders, the Chinese government said in a statement on Monday after a meeting chaired by Premier Li Keqiang. The risk of the virus being imported into China via land borders is increasing and the number of such cases has exceeded those recorded at airports recently, the statement said. Of the 38 imported cases with symptoms recorded in mainland China on Sunday, 20 had arrived in the northeastern province of Heilongjiang after travelling overland from Vladivostok in neighbouring Russia, having flown to Vladivostok from Moscow. Reporting by Min Zhang and Tom Daly; Editing by Alison Williams

World News: What you need to know about the coronavirus right now

Reuters Editorial 4-5 minutes (Reuters) - Here’s what you need to know about the coronavirus right now: FILE PHOTO: People wearing protective face masks stand by cashes during the coronavirus disease (COVID-19) outbreak in Vienna, Austria April 1, 2020. REUTERS/Leonhard Foeger/File Photo Europeans learn to love the mask The ambivalence of some Western countries towards masks is being challenged by the coronavirus pandemic. Until only a few weeks ago, the hygiene masks so prevalent on Asian streets could draw hostility towards their wearers in Europe. That is all changing, with more and more Europeans donning masks voluntarily and Austria due to require shoppers to wear basic face masks in supermarkets. One German city, Jena, is following suit and other countries such as the Czech Republic and Slovakia have similar stipulations. In the United States, where the White House once discouraged Americans from wearing masks if they

Wealth: Settlement talks between First United, Driver Management break down-sources

Svea Herbst-Bayliss 2-3 minutes - Source: Reuters BOSTON (Reuters) - Talks between First United Corp and Driver Management to settle a fight for board seats at the bank holding company broke down when the activist investor rejected the offer, two sources familiar with the matter said on Thursday. First United, the holding company for Maryland community bank First United Bank & Trust, was offering Driver a say in picking more than a quarter of its 11-member board, including two independent directors who would be appointed before this year’s annual meeting, the sources said. Driver, which owns roughly 5% of the company, would pick one director from the company’s nominees and the company would pick one of Driver’s proposed candidates, according to First United’s proposal. A third independent director would be named before next year’s meeting. Each of the new directors designated by Driver would be given a committee assignment, the

US Business News: Layoffs and food lines: How the pandemic slams the poorest U.S. workers

Brad Heath 6-8 minutes - Source: Reuters Laredo, Texas (Reuters) - Alberto Mendoza figures he can make it a couple of weeks on unemployment benefits before starting to decide which bills won’t get paid. The 26-year-old father of three lost his job training cooks when all the local restaurants started closing their doors and laying off staff. People wait in line, following the social distance rules, to apply for a relief box via teleconference call at the South Texas Food Bank in Laredo, Texas, U.S., March 20, 2020. REUTERS/Veronica G. Cardenas Food Bank “I have to pay rent, my truck bills; I have three children to support,” he said. Mendoza is among thousands here in Laredo, Texas, along the southern U.S. border , who are teetering on the edge of financial ruin as the coronavirus pandemic takes hold – even though Laredo has seen no deaths and confirmed just nine cases by Tuesday evening. That’s a tiny figure compared to

World News: More than 170,000 volunteer to help UK fight coronavirus

1-2 minutes - Source: Reuters LONDON (Reuters) - More than 170,000 people have signed up to help Britain’s National Health Service tackle the coronavirus outbreak just hours after a request for a quarter of a million volunteers. “At times of crisis people come together,” Stephen Powis, the national medical director of NHS England, told BBC TV. “This is a health emergency and we can all play a role.” Britain had called for 250,000 volunteers to deliver food and medicines, provide transport for patients and supplies, and to telephone those who are becoming lonely because of self isolation. The system aims to reach up to 1.5 million people who are “shielding” - keeping themselves at home for 12 weeks under government advice to protect those with serious health conditions. The death toll from coronavirus in the United Kingdom jumped on Tuesday by 87 to a total of 422 - the biggest daily increase since the crisis began. Reporting by Guy Fa

US News: Trump says 'not easy' to get face masks, ventilators to U.S. states

3minutos - Source: Reuters FILE PHOTO: U.S. President Donald Trump addresses the coronavirus response daily briefing as Attorney General William Barr and Ambassador Debbie Birx, the White House coronavirus response coordinator, look on at the White House in Washington, U.S., March 23, 2020. REUTERS/Jonathan Ernst WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday acknowledged the difficulty of procuring crucial healthcare supplies amid the coronavirus pandemic as state and local officials raise alarms about a healthcare delivery system in danger of collapse. In an early morning tweet, Trump said: “The World market for face masks and ventilators is Crazy. We are helping the states to get equipment, but it is not easy.” Some state and local officials have decried a lack of coordinated federal action amid the swiftly spreading coronavirus , saying having localities act on their own has put them in competition for supplies ag

Health News: U.S. has potential of becoming coronavirus epicenter, says WHO

Reuters Editorial 2minutos - Source: Reuters A deserted Times Square is pictured following the outbreak of coronavirus disease (COVID-19), in the Manhattan borough of New York City, New York, U.S., March 23, 2020. REUTERS/Carlo Allegri GENEVA (Reuters) - The World Health Organization said on Tuesday it was seeing a “very large acceleration” in coronavirus infections in the United States which had the potential of becoming the new epicenter. Over the past 24 hours, 85 percent of new cases were from Europe and the United States, WHO spokeswoman Margaret Harris told reporters. Of those, 40 percent were from the United States. Asked whether the United States could become the new epicentre , Harris said: “We are now seeing a very large acceleration in cases in the U.S. So it does have that potential. “ ... They (the United States) have a very large outbreak and an outbreak that is increasing in intensity,” Harris added. Overall,

Politics: Democratic front-runner Biden to give speech on U.S. response to coronavirus outbreak

Trevor Hunnicutt 4-5 minutes - Source: Reuters WILMINGTON, Del. ( Reuters) - Democratic presidential front-runner Joe Biden will deliver a speech on the country’s response to the coronavirus outbreak on Thursday, one day after he canceled upcoming public rallies amid widening public health concerns. Democratic U.S. presidential candidate and former Vice President Joe Biden speaks during a primary night speech at The National Constitution Center in Philadelphia, Pennsylvania, U.S., March 10, 2020. REUTERS/Brendan McDermid Biden and White House rival Bernie Sanders have been forced to re-evaluate their approach to campaigning in the face of warnings about the health dangers inherent in big crowds and handshakes, two staples of traditional political races. Both candidates in the Democratic race to pick a challenger to Republican President Donald Trump in the Nov. 3 election canceled events in Ohio and dropped off the campaign

Technology News: TikTok steps up transparency efforts after privacy concerns in United States

Reuters Editorial 2-3 minutes: Source: Reuters FILE PHOTO: Tik Tok logo is displayed on the smartphone while standing on the U.S. flag in this illustration picture taken, November 8, 2019. REUTERS/Dado Ruvic/File Photo (Reuters) - Social media app TikTok is launching a content moderation center in a bid to boost transparency, the Chinese company said on Wednesday, as it faces scrutiny from U.S. lawmakers who have accused it of sharing user data with the Chinese government. The "Transparency Center" is to be opened at TikTok's Los Angeles office where external experts will oversee its operations, the company said in its blog bit . ly /2vNzjsv. The center would later provide insights into the app’s source code, the closely guarded internal instructions of the software, and offer more details on privacy and security. Several U.S. agencies that deal with national security and intelligence issues have banned

Technology News: Uber's challenge to balance driver safety with customer privacy

Tina Bellon 7-8 minutes - Source: Reuters NEW YORK (Reuters) - Margaret Bordelon can still feel the hands of the drunk man who tried to pull her in for a kiss at the end of his Uber ride last September in Lafayette, Louisiana. Margaret Bordelon, a driver for Uber, looks out her car window at the location where a passenger sexually harassed her after a ride in Lafayette, Louisiana, U.S. February 16, 2020. Picture taken February 16, 2020. REUTERS/Callaghan O'Hare An Uber driver for only a few months, Bordelon, 45, finally convinced the customer to let her go. Since he booked the ride through a friend, she did not know his name. After reporting the incident by phone to Uber the same night, a company representative told her that she would no longer be paired with the account holder. Beyond that, there was little else she could do for protection.   “When I asked Uber what it was going to do to protect me and other women going forward, I received

Latest on the spread of coronavirus around the world

6-8 minutes - Source: Reuters (Reuters) - The number of people infected with coronavirus topped 110,000 across the world as the outbreak reached more countries and caused more economic damage. (Interactive graphic tracking global spread of coronavirus : open tmsnrt . rs /3aIRuz7 in an external browser) DEATHS/INFECTIONS - More than 110,000 people have been infected by the coronavirus across the world and over 3,800 have died, according to a Reuters tally of government announcements. - Mainland China, where the outbreak began, had 40 new cases as of Sunday, down from 44 cases a day earlier. Total confirmed cases rose to 80,735, while the death toll touched 3,119. EUROPE - Italy has reached 7,375 cases with 366 deaths. The prime minister promised “massive shock therapy” to overcome the impact of the outbreak, after his government shut off much of the country’s industrial and business heartland to combat the crisis. - Germany on Monday r

Coronavirus: Researchers identify two coronavirus strains as China cases dwindle

Andrew Galbraith 4-5 minutes - Source: Reuters SHANGHAI (Reuters) - Scientists in China studying the outbreak of disease caused by the new coronavirus say they have found that two main strains of the virus are circulating in humans and causing infections. A man wearing a face mask rides a kick scooter through an intersection in Wuhan, the epicentre of the novel coronavirus outbreak, Hubei province, China March 3, 2020. REUTERS/Stringer The researchers, from Peking University’s School of Life Sciences and the Institut Pasteur of Shanghai under the Chinese Academy of Sciences, cautioned that their study looked only at a limited range of data, and said follow-up studies of larger data sets were needed to better understand the virus’s evolution. The preliminary study found that a more aggressive strain of the new coronavirus associated with the outbreak in Wuhan accounted for about 70% of analyzed cases, while 30% were linke

Business News: Johnson & Johnson ordered to pay $1.7 million to three Australian women in pelvic mesh class action

Reuters Editorial 3minutos - Source: Reuters MELBOURNE (Reuters) - An Australian court on Tuesday ordered Johnson & Johnson to pay three women a total of A$2 . 6 million ($1.7 million) plus legal costs as compensation for misleading patients and surgeons about the risks of its pelvic mesh implants. FILE PHOTO: The company logo for Johnson & Johnson is displayed on a screen to celebrate the 75th anniversary of the company's listing at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo The Federal Court of Australia awarded the three lead applicants in the class action lawsuit between A$555 , 555 and A$1 . 28 million, the company said. Issues common to the group in the class action, which numbers more than 1,350 women, will be determined in the coming days, paving the way for damages for the other applicants to be determined. “Today is a significant step

Wealth: Wall Street backs away from Arctic drilling amid Alaska political heat

Yereth Rosen 3-4 minutes - Source: Reuters ANCHORAGE, Alaska (Reuters) - Three big U.S. banks have publicly announced break-ups with Arctic drilling in recent months, reflecting Wall Street’s increasing desire to cast itself as environmentally friendly amid a political firestorm in Alaska. Banks and investment managers have been backing away from fossil-fuel development in the face of worsening climate change and pressure from activists, even as the United States has boosted oil and gas production to record levels. Wells Fargo & Co said on Monday that it does not “directly” fund oil and gas projects in the Arctic region, and has not done so since 2018. The bank had hinted at that decision in previous statements about improving business practices but had not mentioned Arctic drilling specifically. The bank’s statement followed similar moves announced by JPMorgan Chase & Co last week and Goldman Sachs Group Inc in Decembe

US Politics: Sanders to be in focus at South Carolina debate as rivals aim to slow his surge

Trevor Hunnicutt 5-7 minutes - Source: Reuters CHARLESTON, S.C. ( Reuters) - Surging front-runner Bernie Sanders will be in the hot seat at the Democratic debate in South Carolina on Tuesday, when his six presidential rivals try to derail his growing momentum before the next big round of nominating contests. FILE PHOTO: Former New York City Mayor Mike Bloomberg and Senator Bernie Sanders are seen on video screens in the media filing center during the ninth Democratic 2020 U.S. Presidential candidates debate at the Paris Theater in Las Vegas, Nevada, U.S., February 19, 2020. REUTERS/David Becker/File Photo Free-spending billionaire Michael Bloomberg, who had a rough debut on the debate stage last week in Nevada, also will be back in the spotlight at the candidates’ final encounter before Saturday’s South Carolina primary and next week’s 14 vital Super Tuesday contests. The pressure for a strong performance will be high for all