Commodity traders face rising finance costs as big banks pull out - Reuters
LONDON (Reuters) - Commodity trade financing by the world’s banks is drying up at a rate not seen in more than 20 years, leaving small and medium sized firms most exposed, banking and trading sources said.
Banks are retrenching after the coronavirus crisis led to defaults by some trading houses, intermediaries in the global movement of oil, metals and
U.S. Postal Service warns of 'significant risk' of late ballots - Reuters
WASHINGTON, Aug 14 (Reuters) - Ahead of a presidential election that could see up to half of U.S. voters cast their ballots by mail, the U.S. Postal Service is warning some states that they need to provide more time for those votes to be counted.
The Postal Service has told at least three states — Michigan, Pennsylvania and Washington — there is “significant risk” voters will not have enough time to complete their ballots and return them on time under current state laws, which
Vaccine makers including Moderna must hit U.S. timing goals for full payments - Reuters
NEW YORK (Reuters) - The United States is tying payments for COVID-19 vaccines to timing milestones for production and approval, according to public documents and a Trump administration official, putting pressure on drugmakers including Moderna Inc ( MRNA.O ) to meet ambitious targets.
Austria warns against travel to Croatia - Reuters
VIENNA (Reuters) - Austria’s foreign ministry on Friday joined Italy in warning against travel to Croatia, as concerns grow that vacationers could catch the coronavirus and spread it once they return.
The warning, which comes after Austria recorded 57 new cases among people returning from Croatia within the last 24 hours, is effective from Aug. 17, the ministry said.
Nearly a quarter of the people whose infections were reported within the past seven days show no symptoms, health minister Rudolf Anschober said. The average
Renault want Racing Point to lose most of their points - Reuters UK
(Reuters) - Renault want an appeal court to strip Formula One rivals Racing Point of most of their points from this season, team principal Cyril Abiteboul said on Friday.
Stewards docked Racing Point 15 points for a breach of the sporting regulations after Renault protested the Mercedes-powered team’s brake ducts at every race since the Austrian season-opener.
The team, whose 2020 car is a close copy of last year’s Mercedes, were also fined 400,000 euros
Afghanistan forms new women's council ahead of Taliban talks - Reuters
KABUL (Thomson Reuters Foundation) - The Afghan government has announced a new council to safeguard women’s rights and interests, amid fears peace talks with the Taliban could lead to the loss of hard-won gains.
President Ashraf Ghani said the council, announced late on Thursday, would “empower women”, promote their rights at home and implement Afghanistan’s international commitments on women’s rights.
The move came a day after a coalition of women’s rights activists wrote to Ghani demanding a place in the
EMERGING MARKETS-Most Latam currencies weaken on underwhelming China data - Reuters
* China retail sales slips in July * Mexican peso set to outperform peers for the week * Latam FX, equity indexes track weekly gains * U.S.-China trade talks over the weekend awaited By Shreyashi Sanyal Aug 14 (Reuters) - Most major currencies in Latin Americadeclined on Friday after disappointing economic data from China,while Mexico's peso continued its advance for the fourthstraight session on signs that the pace of further monetarypolicy easing could slow. Figures showed China's retail sales slipped in
Trump visits hospitalized younger brother in New York - Reuters
NEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump visited his younger brother Robert in a New York City hospital for about 45 minutes on Friday, before heading for his New Jersey country club where he planned to spend the night.
Trump told a news conference prior
Fact check: Children cannot be taken away and detained without parental consent under the Coronavirus Act - Reuters
Over 80,000 social media users have been sharing social media posts directed at parents that claim children can be taken out of school to be tested for the new coronavirus and detained for 14 days without parental consent or knowledge. This claim is false. The UK government has confirmed to the Children’s Commissioner that the Public Health Officer’s power to screen, assess, isolate or detain under the Coronavirus Act 2020 can only be exercised in the presence of a parent, carer or
Epic Games wins support from 'Fortnite' gamers, firms on Apple standoff - Reuters
(Reuters) - “Fortnite” creator Epic Games found support from its legions of gamers, Tinder-owner Match Group and Spotify for suing Apple and Google after the tech giants dropped the popular video game from their app stores for violating payment guidelines.
Epic Games started a social media campaign against the iPhone maker by releasing a parody of Apple’