• BlackRock profit beats estimates as assets top $9 trillion Link https://t.co/6hRyCU4mPC
    Reuters Thu 15 Apr 2021 15:41

    NEW YORK (Reuters) - BlackRock Inc’s first-quarter profit beat Wall Street estimates on Thursday, as a continued rally in global financial markets and broad-based strength in the asset manager’s businesses helped vault the firm’s assets under management to a record $9.01 trillion.

    “The broadness of our platform is really resonating with clients,” BlackRock’s chief executive, Larry Fink, said in an interview.

    Clients, who a few years ago came to BlackRock mainly for its index and fixed income actives business, are now looking to the firm for a range of needs including investing in alternatives, active equities, risk management and technology, Fink said.

    The firm reported a record $172 billion in net inflows to its various funds during the quarter with strength in its iShares and alternative assets businesses.

    “They are definitely widening the competitive gap against peers and they continue to take wallet share,” said Kyle Sanders, an analyst with St....

  • A 176-year-old time capsule was hiding in the cross on top of Hungary's largest church Link https://t.co/PDSIjXx5Wx
    Reuters Thu 15 Apr 2021 15:41

    ESZTERGOM, Hungary (Reuters) - The cross on top of Hungary’s largest church, the magnificent Esztergom Cathedral, has been hiding a 176-year-old time capsule that was only recovered during renovation work this year.

  • It was hard to document her illness and death from a rare and extremely aggressive form of bone cancer, like the time she sat in darkness receiving IV fluids after chemotherapy, her long and lovely dark hair a memory 4/7 https://t.co/SiQ4BGBq72
    Reuters Thu 15 Apr 2021 15:41
  • Like the time she was 2 and her face looks lit up from within. The time she was onstage dancing, only 12 but defying gravity with grace and poetry. The time she was playing in a field of wildflowers with our dog Cookie, her smile as big as the sky 3/7 https://t.co/KQqFptoYLV
    Reuters Thu 15 Apr 2021 15:41
  • Activist investor Elliott takes multibillion pound stake in GSK, FT says Link https://t.co/ISM7eCRNG8
    Reuters Thu 15 Apr 2021 15:36

    LONDON (Reuters) -Activist hedge fund Elliott Management has taken a multi-billion pound stake in GlaxoSmithKline, the Financial Times reported on Thursday, after a year that has seen the British pharma firm take a backseat role in the COVID-19 vaccine race.

    Shares in GSK erased losses and traded more than 7% higher on the report, and were last up 5% at 1151 GMT.

  • As a photojournalist it was only natural that he documented every moment of the beautiful life of Becs, as mom Marisa and dad called her 2/7 https://t.co/56fWG8FwW9
    Reuters Thu 15 Apr 2021 15:36
  • Reuters photographer @darrinzl took the first photo of his daughter, Rebecca, moments after she was born. Fifteen years later, he took the last photo of his daughter moments after she died of cancer Link 1/7 https://t.co/dW5EyUJqQB
    Reuters Thu 15 Apr 2021 15:36

    I took the first photo of my daughter, Rebecca, moments after she was born on August 3, 2005.

    Barely more than 15 years later, I took the last photo of my daughter moments after she died, of cancer, on January 3, 2021.

  • Tension is rising in Del Rio, Texas, amid an increase in immigration. The Val Verde County Sheriff says false rumors have spread on social media that migrants are committing crimes Link
    Reuters Thu 15 Apr 2021 15:36

    DEL RIO, Texas (Reuters) - Sheriff Joe Frank Martinez is worried.

    More migrants are crossing the U.S.-Mexico border near Del Rio, Texas than Martinez recalls in his 13 years as Val Verde County Sheriff. They wade across the Rio Grande river and into residents’ yards.

    But it is members of his own community that have Martinez most concerned.

    Last month, he said, a resident fired his gun to scare a group of migrants walking on the outskirts of town; nearby schools were locked down in response. He said unfounded accusations have spread on social media blaming migrants for crimes like break-ins. And at a recent community meeting, Martinez said, a resident asked him if she could use “deadly force” to stop migrants who step onto her land.

    “Something like that happens, you got a different situation on your hands,” Martinez said.

    Tensions are rising in Del Rio, a city of 35,000, as the nation once again grapples with an increase in migrants seeking entry...

  • Turkish central bank holds rates, drops policy pledge under new chief Link https://t.co/X3CfTd6IOT
    Reuters Thu 15 Apr 2021 15:31

    ISTANBUL (Reuters) - Turkey’s central bank held rates steady at 19% as expected on Thursday and dropped a pledge to tighten policy further if needed, in its first decision since President Tayyip Erdogan fired the hawkish former governor and sparked a market selloff.

    In a statement, the bank also ditched last month’s pledge to “decisively” maintain a tight monetary policy “for an extended period” to address inflation, which has risen above 16% and been in double-digits for most of the last four years.

    The lira slipped as much as 0.7% to 8.125 versus the dollar after the bank under new governor Sahap Kavcioglu replaced the hawkish guidance with a softer assessment of risks to inflation that analysts said signalled interest rate cuts were on the way.

    Erdogan’s shock removal last month of Kavcioglu’s predecessor Naci Agbal, a respected policy hawk, sent foreign investors fleeing from Turkish assets on concerns that rates would be quickly slashed.

    But...

  • A decision by the Japanese government to release contaminated water left over from the Fukushima nuclear disaster into the ocean, was met with skepticism by many who are dependent on the sea for their livelihoods Link https://t.co/eQwWM06yHT
    Reuters Thu 15 Apr 2021 15:31

    TOKYO (Reuters) - Japan plans to release into the sea more than a million tonnes of radioactive water from the destroyed Fukushima nuclear station, it said on Tuesday. Plant operator Tokyo Electric Power Company Holdings Inc (Tepco) will begun pumping out water in about two years after treatment in a process that will take decades to complete.

  • S&P 500, Dow hit record highs on upbeat earnings, strong retail sales Link https://t.co/38sbCAJfNF
    Reuters Thu 15 Apr 2021 15:26

    (Reuters) - The S&P 500 and the Dow Jones indexes notched record highs on Thursday as upbeat earnings reports from several companies and a strong rebound in March retail sales bolstered hopes of a broader economic rebound.

    Coupled with rapid vaccinations and hopes of a return to normal, the upbeat data provided another opportunity for investors to pile into high-flying technology stocks that took a beating recently.

    Apple Inc, Microsoft Corp Facebook Inc and Amazon.com Inc rose between 1.1% and 2.0%, taking the S&P technology sector to the top of pack in early trading.

    Both Bank of America and Citigroup offered optimistic views on an economic rebound, but shares of America’s second-biggest lender fell 4% after it posted a profit that just about topped estimates. Citi’s shares were 0.3% higher.

    Top U.S. banks kicked off first-quarter reporting season on Wednesday, with Goldman Sachs Group Inc, JPMorgan Chase & Co and Wells Fargo & Co...

  • Congress poised for battle over reparations for Black Americans Link https://t.co/oEWCEF9KT2
    Reuters Thu 15 Apr 2021 15:21

    WASHINGTON (Reuters) - Democrats in the U.S. House of Representatives have advanced a bill that could pave the way to reparations for Black Americans as part of a broader effort to address centuries of enslavement and institutional racism.

    The House Judiciary Committee late on Wednesday voted 25-17 to create a commission to draft reparation proposals, an idea first proposed in Congress three decades ago. No Republicans voted to support the measure, a committee spokeswoman said.

    “Slavery was this country’s original sin. Our Constitution protected it and we continue to grapple with its effects today,” Democratic Representative Steve Cohen, a senior committee member, tweeted late on Wednesday.

    The partisan vote underscores the difficulties the legislation faces in a Congress where prominent Republicans oppose the measure and none have joined the 175 members of President Joe Biden’s Democratic Party as co-sponsors.

    With Republicans expected to try to block...

  • Vice President Kamala Harris to visit Mexico and Guatemala soon as part of her plan to use diplomatic efforts to slow migration to the U.S.-Mexican border Link https://t.co/GPAieJxwV6
    Reuters Thu 15 Apr 2021 15:21

    WASHINGTON (Reuters) -Vice President Kamala Harris said on Wednesday she intends to visit Mexico and Guatemala soon as part of her plan to use diplomatic efforts to slow migration to the U.S.-Mexican border.

  • Beijing skies turn yellow as sand, dust engulf Chinese capital Link https://t.co/qzWlzZuxMm
    Reuters Thu 15 Apr 2021 15:16

    BEIJING (Reuters) -The skies above Beijing turned yellow and air pollution soared to severe levels as a giant cloud of sand and dust particles rolled into the city, propelled by strong winds from the north of China.

  • Beijing's top representative in Hong Kong warned foreign powers not to use the city as a 'pawn' Link https://t.co/6YUtB8o6Yx
    Reuters Thu 15 Apr 2021 15:16

    HONG KONG (Reuters) - Beijing’s top representative in Hong Kong warned foreign powers on Thursday that they would be taught a lesson if they tried to use the global financial centre as a “pawn”, as tensions escalated between China and Western governments over the city.

    Luo Huining, the director at China’s Hong Kong Liaison Office, was speaking at a ceremony to mark an “education day” for the National Security law, which authorities have organised to promote the sweeping legislation China imposed last year.

    “We will give a lesson to all foreign forces which intend to use Hong Kong as a pawn,” Luo said.

    The new law drew criticism from the West for curbing rights and freedoms in the former British colony, which was promised a high degree of autonomy upon its 1997 return to Chinese rule. Its supporters say the law has restored order following mass anti-government and anti-China protests in 2019.

    China, the United States, Britain and the European Union have...

  • ‘There are always different ways to get to where you’re headed.’ Author Lindsey Pollak talks about how to deal with current uncertainties – and how to adapt to create opportunities. Read the interview: Link https://t.co/DJhE8KMqWi
    Reuters Thu 15 Apr 2021 15:11

    NEW YORK (Reuters) - “Recalculating,” as the GPS often tells us when we are driving, may be our best career strategy after a year of uncertainty.

    Roadblocks or jams may lie ahead, but the route could be more scenic with twists and turns. Maybe another destination would even be better than the one we had planned.

    Lindsey Pollak, author of “Recalculating: Navigate Your Career Through the Changing World of Work,” discussed with Reuters how to adapt and thrive when life is unpredictable.

    Q: Why did this image of a “recalculating” GPS resonate so much with you?

    A: This image popped into my head last March. We were all on a path, and suddenly we weren’t on that path anymore. So I started to think about how we were all in our cars, with the GPS saying “recalculating.” That actually made me optimistic, because I realized there are always different ways to get to where you’re headed.

    Q: What are the key strategies for tackling this new path?

  • China says time to up pace on Iran negotiations after Natanz disruption Link https://t.co/pc6MBlyIyt
    Reuters Thu 15 Apr 2021 15:11

    VIENNA (Reuters) - China’s envoy to the Iran nuclear talks said on Thursday that there had been enough disruptions in efforts to revive nuclear talks and that the pace of negotiations now needed to be increased notably on the issue of U.S. sanctions lifting.

    “We do think that all these developments have reinforced our conviction that what is needed most now as a top priority is to do away with any disruptive factors and pick up the pace of negotiation here,” Wang Qun, China’s ambassador to the U.N. atomic watchdog, told reporters after senior diplomats ended a meeting in Vienna.

  • With racial unrest flaring across the U.S., software engineer Bryant Young is hoping to use Virtual Reality to fight racism and highlight the dangers faced by Black drivers Link https://t.co/exarLfaJ2a
    Reuters Thu 15 Apr 2021 15:11

    “Our America” puts the viewer in the driver’s seat as a Black father takes his son to school. Along the way, they are pulled over by the police, leading to life and death choices.

    “The audience has to go through these different scenarios, whether it’s subtle or overt racism, and has to navigate these different conversations and interactions properly,” explained 25-year-old Young.

    When Young was 16 years old, his dad took him to buy his first car, according to the game’s description on fund-raising site Kickstarter. As his dad was driving them home, police pulled them over. When Young reached to open the glove box for the registration, he said the officer was ready to pull out his gun, a frightening moment but one that did not result in violence.

  • Beijing’s top representative in Hong Kong warned foreign powers that they would be taught a lesson if they tried to use the global financial center as a 'pawn,' as tensions escalated between China and Western governments over the city Link
    Reuters Thu 15 Apr 2021 15:11

    HONG KONG (Reuters) - Beijing’s top representative in Hong Kong warned foreign powers on Thursday that they would be taught a lesson if they tried to use the global financial centre as a “pawn”, as tensions escalated between China and Western governments over the city.

    Luo Huining, the director at China’s Hong Kong Liaison Office, was speaking at a ceremony to mark an “education day” for the National Security law, which authorities have organised to promote the sweeping legislation China imposed last year.

    “We will give a lesson to all foreign forces which intend to use Hong Kong as a pawn,” Luo said.

    The new law drew criticism from the West for curbing rights and freedoms in the former British colony, which was promised a high degree of autonomy upon its 1997 return to Chinese rule. Its supporters say the law has restored order following mass anti-government and anti-China protests in 2019.

    China, the United States, Britain and the European Union have...

  • U.S. labor movement looks for path forward after Amazon defeat Link https://t.co/pSfazRwVm3
    Reuters Thu 15 Apr 2021 15:06

    (Reuters) - Regina McDowell was not surprised that workers overwhelmingly rejected a union at an Amazon.com Inc warehouse in Alabama last week.

    She spent 42 years working in a unionized electrical equipment factory in Indiana and was active in organizing drives — including traveling to the South to track down workers at their homes to make the pitch for her union, the International Association of Machinists and Aerospace Workers.

    “They’d sometimes shoo you off their property with a gun,” she said, adding that union dues were a sticking point for many.

    “I think that gets them,” said the 63-year-old grandmother, “that it’s less money they’ll have.”

    The landslide failure of the Amazon vote at the warehouse in Bessemer has sparked soul-searching in the labor movement over what went wrong and what unions need to do differently in the future to regain ground.

    “Organizing in America is no longer a fair fight. Our labor laws are no longer an effective way...

  • Food delivery firm Deliveroo doubled its orders in the first quarter and expects a strong growth in 2021 Link https://t.co/aoSPOA2cov
    Reuters Thu 15 Apr 2021 15:06

    LONDON (Reuters) -Deliveroo said a more-than doubling in first quarter orders during coronavirus lockdowns was an initial step in proving itself following the debacle of the food delivery company’s London flotation last month.

  • Russia vows to respond soon to 'aggressive' U.S. sanctions, calls in envoy Link https://t.co/SQfLNImW6b
    Reuters Thu 15 Apr 2021 15:01

    MOSCOW (Reuters) -Russia vowed on Thursday to respond soon to new U.S. sanctions as it accused Washington of dangerously raising the temperature of confrontation between the nuclear powers and called in the U.S. envoy to Moscow for what it said would be a difficult talk.

    Washington imposed a broad array of sanctions on Russia earlier on Thursday to punish it for alleged interference in the U.S. election, cyber-hacking, bullying Ukraine and other “malign” acts. Russia denies meddling.

  • Taiwan President Tsai Ing-wen told a delegation sent by President Joe Biden that Chinese military activities in the region have threatened regional peace and stability Link https://t.co/sI0YDN056z
    Reuters Thu 15 Apr 2021 15:01

    TAIPEI (Reuters) - Taiwan President Tsai Ing-wen told emissaries visiting at U.S. President Joe Biden’s request on Thursday that the island would work with the United States to deter threats from Chinese military activities.

  • LIVE: House Speaker Nancy Pelosi holds her weekly news conference Link
    Reuters Thu 15 Apr 2021 15:01

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • Leading Polish government critic should leave ombudsman role, says court Link https://t.co/o68bBIiC4u
    Reuters Thu 15 Apr 2021 14:56

    WARSAW (Reuters) -Poland’s Constitutional Tribunal ruled on Thursday that the human rights ombudsman be removed from his post, drawing opposition accusations that the court sought to illegally end the mandate of a staunch government critic.

    After the nationalist Law and Justice (PiS) won power in 2015, Adam Bodnar emerged as a leading defender of liberal values such as women’s and minority rights, as well as judicial independence, which critics say are under threat from PiS.

    His five-year term ended in September, but parliament could not agree on a replacement, with the lower and upper houses controlled, respectively, by the government and the opposition.

    In its ruling, the Tribunal said the legislation that stipulates that in such cases the ombudsman stays in office until lawmakers pick a new one was unconstitutional.

    “The term is clearly defined and its extension is unacceptable,” it said in a statement.

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