UK local government pension group backs Rio Tinto CEO bonus cut - Reuters
LONDON (Reuters) - A leading UK local government pension group said on Tuesday it backed a decision by Rio Tinto ( RIO.L )( RIO.AX ) to cut the bonuses of some leading executives after the Juukan Gorge mining incident as ‘a proper and appropriate first
Finnair to cut up to 1,000 jobs - Reuters
(Reuters) - Finnair ( FIA1S.HE ) plans to cut up to 1,000 jobs, about 15% of its workforce, while continuing long-term temporary layoffs for thousands in Finland, it said on Tuesday, citing the impact of the COVID-19 pandemic.
Separately, Finnair said
Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing - Reuters
HONG KONG (Reuters) - Ant Group, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market on Tuesday and could raise as much as $30 billion in what would be the world’s largest IPO.
Ant’s initial public offering would be the first simultaneous listing in Hong Kong and the year-old STAR Market, boosting Hong Kong’s status as an international IPO market and helping
RBI announces 'Operation Twist', more may be needed traders say - Reuters India
MUMBAI (Reuters) - The Reserve Bank of India announced on Tuesday it will buy longer tenor bonds and sell shorter maturities in a U.S.-style ‘Operation Twist’, but traders say it may have to do more to calm investor nerves and prevent abrupt jumps in bond yields.
Indian government bond
CORRECTED-Saudi Arabia slips to 3rd-biggest in China crude supply for July - Reuters
(Corrects imports from the United States in paragraph 6 to 3.7mln tonnes, not 3.7 mln bpd) BEIJING/SINGAPORE, Aug 25 (Reuters) - Saudi Arabia's crudeoil exports to China fell in July, taking it out of the top twosupplier slots for the first time in two years, after a historicproduction cut to cope with a plunge in fuel demand and pricesthat was by the COVID-19 pandemic. Saudi Arabia shipped 5.36 million tonnes to
German finance minister says confident we can agree on blueprint for digital economy taxation in autumn - Reuters
BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Tuesday he was confident that a “blueprint” for deals at the Organisation for Economic Cooperation and Development on taxation of the digital economy and minimum taxation can be agreed in autumn.
“I am very confident at the moment that we can agree on a blueprint for both issues in autumn of
Sudan PM tells Pompeo he's not authorised to normalise ties with Israel - Reuters
KHARTOUM (Reuters) - Sudanese Prime Minister Abdalla Hamdok told U.S. Secretary of State Mike Pompeo on Tuesday that he was not mandated to normalise ties with Israel, and the issue should not be linked to Sudan’s removal from a U.S. state sponsors of terrorism list.
Pompeo arrived from Israel on what he said was the first official non-stop flight between the two countries, as the United States looks to strengthen Sudan-Israel ties.
He met Hamdok and ruling council head Gen. Abdel
Towering Australian lock Neville out to grasp his second chance - Reuters UK
SYDNEY (Reuters) - Cadeyrn Neville could not be blamed for thinking his chances of a test rugby career had long passed him by but the 31-year-old could turn out the right man in the right place at the right time for Australia this year.
With Wallabies coach Dave Rennie facing a severe lack of depth in the second-row department, a string of strong performances before the COVID-19 shutdown has put Neville in the frame for international honours.
His return to Australian rugby with the ACT
Germany on 'road to recovery' as business morale brightens further - Reuters
BERLIN (Reuters) - German business morale improved more than expected in August as both manufacturing and services picked up steam, a survey showed on Tuesday, boosting hopes that Europe’s largest economy is set for a strong recovery following the massive coronavirus shock.
The Ifo institute said its business climate index rose to 92.6 from a downwardly revised 90.4 in July. This was the fourth monthly increase in a row and came in better than economists’ expectations for 92.2.
Ifo economist Klaus
Pandemic pace slows worldwide except for southeast Asia, eastern Mediterranean: WHO - Reuters
GENEVA (Reuters) - The COVID-19 pandemic is still expanding, but the rise in cases and deaths has slowed globally, except for southeast Asia and the eastern Mediterranean regions, the World Health Organization (WHO) said.