Bumpier road ahead for stocks: economist
Systematic Ventures' Max Wolff tells Reuters' Fred Katayama he doesn't see a catalyst that will drive stocks higher once earnings season is over. He explains why it's time to lighten up on big tech stocks.
Systematic Ventures' Max Wolff tells Reuters' Fred Katayama he doesn't see a catalyst that will drive stocks higher once earnings season is over. He explains why it's time to lighten up on big tech stocks.
The United States on Tuesday imposed sanctions on seven senior Russian officials as it said its intelligence concluded that Moscow orchestrated the near fatal poisoning of jailed Kremlin critic Alexei Navalny.
Myanmar's ambassador to the United Nations in New York formally staked his claim as the country's legitimate representative in letters - seen by Reuters on Tuesday - to the U.N. General Assembly president and U.S. Secretary of State Antony Blinken. Myanmar state television announced on Saturday that Kyaw Moe Tun had been fired for betraying the country, a day after he urged countries to use "any means necessary" to reverse a Feb. 1 coup that ousted the nation's elected leader Aung San Suu Kyi. "The perpetrators of the unlawful coup against the democratic government of Myanmar have no authority to countermand the legitimate authority of the president of my country," Kyaw Moe Tun wrote on Monday to Blinken and Volkan Bozkir, president of the 193-member U.N. General Assembly.
Higher temperatures will slow the economies of Asia, Latin America, and Africa that need development the most, a new study suggests.
A chain of holiday parks in Britain kept an “undesirable guests” list of Irish surnames in an attempt to keep out members of the Irish Traveller community, the U.K. equalities watchdog said Tuesday. The list kept by Pontins, which was displayed on a staff intranet site, contained about 40 largely Irish names, including Cash, Delaney, Gallagher, Murphy and O’Brien. Britain’s Equality and Human Rights Commission said Pontins was “directly discriminating on the basis of race” by refusing to serve guests of a particular ethnic group.
The Greek Super League on Tuesday banned Olympiakos owner Evangelos Marinakis from entering the field of play for five months after being found guilty of verbally abusing a referee.
A fire broke out at a Housing & Development Board (HDB) flat in Serangoon on Tuesday night (2 March).
The numbers are coming in on post-Brexit trade in Europe. And they don't make pleasant reading for either side. Germany said Tuesday (March 2) that its exports to the UK fell 30% on the year in January. The country's statistics office blamed the fall on Brexit effects. Though it said the global health crisis hadn't helped either. The related economic slump means the UK economy is smaller than it was a year ago. The International Monetary Fund says it and other European economies won't return to pre-crisis levels until next year. Brexit raised barriers to trade, but the flow of goods was slowing even before Britain finally left the EU's orbit. Over all of 2020, German exports to the UK fell 15.5%. That was the biggest year-on-year drop since the global financial crisis over a decade ago. Trade going the other way also took a hit. UK exports to Germany fell almost 10%.
Israel estimates that hundreds of its citizens might be subject to war crimes probes by the International Criminal Court, whose jurisdiction it rejects, and is working on how to protect them, the Defence Minister said on Tuesday. Including himself among Israelis who could be threatened with arrest, Benny Gantz told Reuters: "I was never afraid to go across enemy lines, I will continue to stand wherever I have to." The Hague-based tribunal ruled last month that it has jurisdiction over the occupied West Bank, Gaza and East Jerusalem.
The 39-year-old Swede, who is Milan's top scorer with 14 goals in 14 league games this season, was forced off during Sunday's 2-1 win over AS Roma with a muscular problem. But Pioli is remaining calm after leading his side to five wins in eight games during the striker's absence earlier this season. "Zlatan is our champion, but we did well on Sunday night, and we have individual quality," the coach told a news conference ahead of Wednesday's game.
No casualties were reported, but an official had earlier urged people to stay at least 3 km from the crater, Indonesia's Volcanology and Geological Hazard Mitigation Centre said.Indonesia has nearly 130 active volcanoes, more than any other country. Sinabung had been inactive for centuries before it erupted again in 2010.
In what may be the first move of its kind in the music-streaming world, SoundCloud has introduced what it describes as “fan-powered royalties, a more equitable and transparent way for emerging and independent artists to earn money on SoundCloud.” In other words, each listener’s subscription or advertising revenue is distributed among the artists that they […]
The European Commission said on Tuesday that it was considering emergency approvals for COVID-19 vaccines as a faster alternative to more rigorous conditional marketing authorisations which have been used so far. The move would mark a big shift in approach to vaccine approvals, as it would entail using a procedure that the EU had considered dangerous and that before the COVID-19 pandemic had been reserved for exceptional authorisation at national level of drugs for terminally ill patients, including cancer treatments. The potential change comes as the EU executive and the bloc's drug regulator come under increasing pressure for what some consider slow vaccine approvals, which have contributed to a slower rollout of COVID-19 shots in the 27-nation union, compared to the United States and former EU member Britain.
A summit of Southeast Asian states held on Tuesday to discuss the coup in Myanmar failed to find a breakthrough to get the nation back on the path to democracy after last month's military takeover, sources with knowledge of the meeting said. Speaking after foreign ministers from the Association of Southeast Asian Nations (ASEAN) ended their virtual meeting, Indonesia's chief envoy Retno Marsudi urged the junta to allow the bloc to resolve escalating tensions. "ASEAN's good intentions and readiness will be meaningless if Myanmar does not open its door."
Southeast Asian foreign ministers urged a halt to violence and the start of talks on a peaceful solution in Myanmar, where the military seized power from an elected government and is escalating its use of mass arrests and deadly force against peaceful protesters. Myanmar's top diplomat briefed other foreign ministers from the Association of Southeast Asian Nations during a video conference Tuesday, according to the meeting's agenda. It was the first meeting of foreign ministers of the 10-member ASEAN since the Feb. 1 coup, when Myanmar's military detained Aung San Suu Kyi and other leaders.
OPEC expects oil inventories to drop by about 400 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical meeting on Tuesday, two OPEC+ sources said. The figure, similar to the implied 2021 stock draw of 406 million barrels seen a month ago by OPEC, is part of what one of the OPEC sources called a "healthy" supply and demand balance for 2021. OPEC+ experts, the Joint Technical Committee, are meeting on Tuesday ahead of a ministerial meeting on Thursday to decide oil output policy.
Israel's defence minister said on Tuesday it intends to develop a "special security arrangement" with Gulf Arab allies, who share common concerns over Iran. The United Arab Emirate and Bahrain established formal relations with Israel last year. As part of their U.S.-backed rapprochement, Israel and the UAE have proposed defence and military cooperation.
Since Myanmar's military seized power in a coup on Feb. 1, overthrowing elected leader Aung San Suu Kyi, security forces have detained more than 1,000 people, hundreds at protests and many more in raids - often at night. As well as Suu Kyi and her cabinet, the detainees include doctors and teachers, actors and singers, and other civilians who took part in daily protests, according to figures from The Assistance Association for Political Prisoners (AAPP). Founded by ex-prisoners of the former junta, the AAPP now finds itself recording a new generation of political detainees.
Former Barcelona president Josep Maria Bartomeu was conditionally released on Tuesday after appearing before a judge looking into last year's "Barcagate" scandal, just days before the club holds presidential elections.
A 63-year-old man in Hong Kong died two days after receiving a COVID-19 vaccine shot, the Department of Health said in a statement, although it was uncertain if there was a direct ink between his death and the shot for coronavirus. The Department of Health said the man developed acute breathing difficulties and died on Feb. 28. Global health authorities have praised the fast development of safe and effective COVID vaccines, but have warned people with serious underlying health conditions to take medical advice first.
Sweden appeared headed into a third wave of the pandemic, the Health Agency said on Tuesday, as it tightened crowd restrictions for shops amid a recent rise in new COVID-19 cases and a rapid spread of virus variants considered more infectious. Sweden, which has shunned lockdowns throughout the pandemic, registered 11,804 new coronavirus cases since Friday, health agency statistics showed on Tuesday, a increase on the 10,933 cases reported during the corresponding period last week. "It certainly looks like we're heading into a third wave," Chief Epidemiologist Anders Tegnell told a news conference.