Home Depot posts record sales as demand for DIY products surges - Reuters

(Reuters) - Home Depot Inc ( HD.N ) reported its biggest rise in quarterly same-store sales in at least two decades on Tuesday as demand for paint, tools and lawn mowers surged from consumers stuck at home due to the COVID-19 pandemic.

The company’s same-store sales jumped 23.4% in the second quarter, surging past analysts’ average estimate of a 10.5% rise, as the home improvement chain emerged as one of the corporate winners during


UPDATE 11-Mutinying soldiers detain Mali president and PM, worsening crisis - Reuters Africa

(Removes extraneous words in first paragraph)

* Turmoil worsens Mali crisis amidst jihadist insurgency

* Soldiers seize top gov’t officials, ministries emptied

* Hundreds take to streets in capital to celebrate mutiny

* Opposition says it’s a ‘popular insurrection’, not a coup

* Fears crisis could destabilise W.Africa’s Sahel region

By Tiemoko Diallo

BAMAKO, Aug 18 (Reuters) - Mali President Ibrahim Boubacar Keita and top government officials were detained on Tuesday by mutinying soldiers in the capital Bamako, plunging a country


Indian government keen to speed up stake sale in four banks - sources - Reuters India

NEW DELHI/MUMBAI (Reuters) - Indian Prime Minister Narendra Modi’s office has asked officials to speed up the process of trimming government stakes in at least four primarily state-owned banks within the current fiscal year, according to two officials familiar with the discussions.

FILE PHOTO: Commuters walk past a bank sign along a road in New Delhi, India November 25, 2015. REUTERS/Anindito Mukherjee

The sources said the four lenders are Punjab & Sind Bank ( PUNA.NS ), Bank


From Africa to America, businesses and insurers face survival showdowns - Reuters India

PILANESBERG NATIONAL PARK, South Africa (Reuters) - Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim.

In the United States, Miami restaurant owner Luis Debayle has laid off two-thirds of his staff and is desperate for an insurance payout that could help avert the prospect of closure.

Meanwhile, Munich beer garden boss Christian Vogler is heading to the German courts


Pro-democracy Milk Tea Alliance brews in Asia - Reuters

BANGKOK/HONG KONG, Aug 18 (Reuters) - As Hong Kong pro-democracy advocates voiced support for Thai anti-government protests at the weekend, they used the hashtag #MilkTeaAlliance.

In Bangkok, flags representing Hong Kong and independence for Taiwan appeared on a sign bearing the tag at the biggest demonstrations in years.

And in Taipei, dozens of people gathered to back the Thai protests and give weight to a nascent community of cross-border youth movements pushing for democracy at home and uneasy with China’s


Koeman to quit Netherlands for Barcelona - Dutch media - Reuters India

FILE PHOTO: Soccer Football - Euro 2020 Qualifier - Netherlands Press Conference - National Football Stadium at Windsor Park, Belfast, Northern Ireland, Britain - November 15, 2019 Netherlands coach Ronald Koeman during the press conference Action Images via Reuters/Jason Cairnduff/File Photo

AMSTERDAM (Reuters) - Netherlands coach Ronald Koeman is expected to conclude negotiations on a three-year contract to manage Barcelona, Dutch media reported on Tuesday.

Koeman has a clause in his deal with the Dutch football association KNVB


S&P warns of rising real rates risk to China's recovery - Reuters UK

SHANGHAI (Reuters) - Rating agency S&P Global warned on Tuesday that China’s economic recovery from the novel coronavirus pandemic could be at risk as a combination of rising interest rates and slowing inflation pushes real rates higher.

FILE PHOTO: People wear protective face masks as they are seen in a shopping complex after an outbreak of the coronavirus disease (COVID-19) in Beijing, China July 17, 2020. REUTERS/Thomas Peter

An unbalanced recovery, weak private demand and excessive market


Breakingviews - The Exchange: Leadership and Covid-19 trauma - Reuters

LONDON (Reuters Breakingviews) - After a period of high productivity in response to the pandemic, businesses face “war room fatigue”. Executive coach Merete Wedell-Wedellsborg explains how leaders can get their teams out of this regression phase as quickly as possible, keeping staff motivated and effective.

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team


Total halts North Sea oil platform work after Greenpeace protest - Reuters

FILE PHOTO: The logo of Total is pictured at the company's headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau/File Photo

COPENHAGEN (Reuters) - Total has halted operations at its Dan Bravo oil production platform in the Danish North Sea, the French company said on Tuesday, after Greenpeace activists climbed aboard to protest future oil and gas exploration.

Four Greenpeace activists swam 500 metres to climb on to the unmanned Total-operated oil


North Macedonia, San Marino secure ECB repo lines amid pandemic - Reuters

FRANKFURT (Reuters) - North Macedonia and San Marino on Tuesday secured credit lines from the European Central Bank to provide euro loans to banks in those countries via repurchase agreements, or “repos”.

The North Macedonian repo line is capped at 400 million and the San Marino facility at 100 million euros. Both will remain in place until at least June 2021.

The ECB has already signed several similar repo agreements with non-euro zone central banks, most in Europe’s eastern half