• Novartis halts distribution of its Zantac versions amid probe into impurities Link https://t.co/ZCzra9hKFP
    Reuters Top News Wed 18 Sep 2019 18:46

    (Reuters) - Novartis AG’s (NOVN.S) Sandoz unit said on Wednesday it was halting distribution of its versions of the drug commonly known as Zantac in all its markets, including the United States and Canada, after contaminants were found in the heartburn drug.

    The Swiss drugmaker’s steps follow an investigation by U.S. and European regulators into the presence of the impurity, N-nitrosodimethylamine (NDMA), in the drug, ranitidine, and a distribution halt in Canada announced late Tuesday.

    Health Canada said it had requested makers of the drug to stop distribution as it gathers more information and consults with international health regulators.

    Branded versions of the drug such as Sanofi SA’s (SASY.PA) Zantac are available for over-the-counter sale in Canada, while generic versions are available for sale both OTC and with prescription.

    A distribution halt is...

  • Fed pumps more cash as key rate breaks above target Link https://t.co/Q5CuBaPzXD
    Reuters Top News Wed 18 Sep 2019 18:41

    NEW YORK (Reuters) - The Federal Reserve injected another $75 billion into a U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank’s benchmark interest rate above its targeted range for the first time since the financial crisis.

  • Millions may risk jail as Indonesia to outlaw sex outside marriage Link https://t.co/sNRQJtcLUv
    Reuters Top News Wed 18 Sep 2019 18:36

    JAKARTA (Reuters) - Indonesia is poised to pass a new penal code that criminalizes consensual sex outside marriage and introduces stiff penalties for insulting the president’s dignity - a move rights groups criticized as an intrusive assault on basic freedoms.

  • Fire in Liberia school kills at least 27 children Link https://t.co/xajiX0E1Ej
    Reuters Top News Wed 18 Sep 2019 18:31

    MONROVIA (Reuters) - A fire at an Islamic school in Liberia has killed at least 27 children, police said on Wednesday.

    “The kids were learning the Koran when the fire broke out,” police spokesman Moses Carter said. He added the blaze was caused by an electrical issue and that further investigations were ongoing.

    Carter had originally said 30 children were killed before revising the death toll down to 27. Two survivors were taken to the hospital, he said.

    The fire started late on Tuesday in the suburbs of the capital Monrovia, President George Weah said in a tweet.

    “My prayers go out to the families of the children that died last night in Paynesville City,” Weah said. “This is a tough time for the families of the victims and all of Liberia.”

    It is common for buildings to collapse in blazes linked to faulty electrics in Liberia’s big cities, however these...

  • Pompeo says attack was 'act of war' on Saudi Arabia, seeks coalition Link https://t.co/rMVnHynAw8
    Reuters Top News Wed 18 Sep 2019 18:26

    JEDDAH, Saudi Arabia (Reuters) - The United States wants to build a coalition of European and Arab partners to deter Iran after an attack on Saudi Arabia that Secretary of State Mike Pompeo described on Wednesday as “an act of war” against the world’s top oil exporter.

    “This is an attack of a scale we’ve just not seen before,” Pompeo told reporters traveling with him before landing in the Saudi city of Jeddah for talks with Crown Prince Mohammed bin Salman. “The Saudis were the nation that were attacked. It was on their soil. It was an act of war against them directly.”

    The top U.S. diplomat, who will also visit the United Arab Emirates, said drone and cruise missile strikes on two Saudi oil installations on Saturday had not come from Yemen’s Iran-aligned Houthi group, which has claimed responsibility.

    Riyadh has said Iranian weapons were used and it is investigating...

  • U.S. social media firms say they are removing violent content faster Link https://t.co/7NSVaUXCNz
    Reuters Top News Wed 18 Sep 2019 18:21

    WASHINGTON (Reuters) - Major U.S. social media firms told a Senate panel Wednesday they are doing more to prevent to remove violent or extremist content from online platforms in the wake of several high-profile incidents, focusing on using more technological tools to act faster.

    Critics say too many violent videos or posts that back extremist groups supporting terrorism are not immediately removed from social media websites.

    Senator Richard Blumenthal, a Democrat, said social media firms need to do more to prevent violent content.

    Facebook’s head of global policy management, Monika Bickert, told the Senate Commerce Committee its software detection systems have “reduced the average time it takes for our AI to find a violation on Facebook Live to 12 seconds, a 90% reduction in our average detection time from a few months ago.”

    In May, Facebook Inc said it would...

  • U.S. housing starts, building permits race to 12-year high Link https://t.co/xRDQMdOlnd
    Reuters Top News Wed 18 Sep 2019 18:16

    WASHINGTON (Reuters) - U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.

  • Newly crowned U.S. Open champion Bianca Andreescu says she’s focused on trying to stay healthy and setting new goals. Read more here: Link https://t.co/2vIohDnL5X
    Reuters Top News Wed 18 Sep 2019 18:11

    TORONTO (Reuters) - U.S. Open champion Bianca Andreescu returned to her hometown a conquering hero on Wednesday with a little more celebrating to do before getting back to work and setting new goals, such as staying injury-free.

  • Airbus revises up jet demand, warns of 'lose-lose' tariff war Link https://t.co/QPwSrkfzFM
    Reuters Top News Wed 18 Sep 2019 18:11

    LONDON (Reuters) - Airbus raised its 20-year forecast for jetliner demand on Wednesday despite expected slower growth in traffic, as it predicts airlines will replace aging fleets with smaller, more fuel-efficient new planes.

    The industry faces a squall of new pressures from trade tensions, the partial unwinding of globalization and an anti-flying campaign from climate activists, notably in Europe.

    Airbus Chief Commercial Officer Christian Scherer voiced alarm about the prospect of a tit-for-tat tariff war between the United States and Europe after the World Trade Organization signaled that Washington can impose sanctions in a long-running dispute over aircraft subsidies.

    The European planemaker expects demand for new planes to be led by Asia, where the industry has been enjoying a boom in demand due to the growth of cities and a burgeoning Asian middle class....

  • Teenage climate campaigner @GretaThunberg tells House lawmakers that she wants them to unite behind the science and 'to take real action' on climate change https://t.co/S0cUzuv0s8
    Reuters Top News Wed 18 Sep 2019 18:06
  • Fed cuts rates 25 basis points to a range of 1.75%-2%, gives mixed signals on next move https://t.co/vIKwDqcNNY
    Reuters Top News Wed 18 Sep 2019 18:06
  • NBCUniversal is naming its upcoming Netflix competitor ‘Peacock’ More here: Link https://t.co/vaOL2aKHua
    Reuters Top News Wed 18 Sep 2019 18:01

    (Reuters) - Comcast Corp’s NBCUniversal will name its upcoming streaming service “Peacock,” offering a broad slate of original content, including “Dr Death” starring Emmy and Golden Globe winner Alec Baldwin, the company said on Tuesday.

    Peacock, which will also offer classic sitcoms like “The Office” and “Parks and Recreation”, is scheduled to launch in 2020, NBCUniversal said. The company owns traditional television network NBC, whose logo features a peacock.

    The service will compete with streaming giant Netflix Inc and Walt Disney Co’s upcoming Disney+ streaming service as well as other digital subscription options, as traditional media companies seek to attract online viewers.

    Details on pricing and distribution will be announced closer to launch, the media company said.

    Reuters had reported in January that an ad-free version of the NBC service will be...

  • Maduro left Norwegian mediators in the dark about side deal: Venezuela opposition negotiator Link https://t.co/MIS8yDqyuQ
    Reuters Top News Wed 18 Sep 2019 17:56

    CARACAS (Reuters) - Venezuelan President Nicolas Maduro did not inform Norway’s foreign ministry, which is mediating a dialogue between his government and opposition leader Juan Guaido, about a side deal with a smaller sector of the opposition before it was announced earlier this week, a member of Guaido’s negotiating team said on Wednesday.

  • Korea brought the world K-Pop. India, the music of Bollywood. Could the chaotic, fast-growing region of Southeast Asia be a new hotbed for hip hop? Universal Music is betting on it. More here: Link https://t.co/8PGMxuieRA
    Reuters Top News Wed 18 Sep 2019 17:51

    SINGAPORE (Reuters) - Korea brought the world K-Pop. India, the music of Bollywood. Could the chaotic, fast-growing region of Southeast Asia be a new hotbed for hip hop?

    Vivendi’s Universal Music Group (UMG) is hoping so.

    The unveiling of its Southeast Asia headquarters in Singapore on Tuesday came with a performance from six newly-signed rappers - whose bleached hair, gold jewellery and baggy clothing jarred somewhat with the business hotel backdrop.

    “We are making a bet on hip hop but I think it’s a pretty safe one,” said Adam Granite, who oversees UMG’s market development in Asia.

    “Hip hop is often about struggle and the streets and southeast Asia has some challenging components. You have poverty in places ... some difficult living situations, and where you see hip hop really resonate is when it can be as authentic as possible.”

    Of the artists signed to...

  • Hong Kong horse races, fireworks called off amid protest threat Link https://t.co/B4hMYQ7AJZ
    Reuters Top News Wed 18 Sep 2019 17:51

    HONG KONG (Reuters) - Hong Kong’s Jockey Club canceled all races planned for Wednesday after pro-democracy protesters said they would target the Happy Valley racecourse where a horse part-owned by a pro-China lawmaker was due to run.

  • Apple taps recycled rare earth elements for iPhone parts Link https://t.co/VyJwFcIYiw
    Reuters Top News Wed 18 Sep 2019 17:46

    Apple said it will use recycled rare earths in its “Taptic Engine,” a part that lets iPhones mimic a physical button click despite being a flat pane of glass. The part is about one-quarter of the rare earth elements inside the iPhone models.

    Rare earths, a group of 17 specialized minerals, have become a flash point in trade tensions between the United States and China. The elements are used in weapons, consumer electronics and other goods.

    China dominates the processing of the raw minerals, and has implied through its state-controlled media that it could restrict rare earths sales to the United States, just as it did to Japan after a diplomatic dispute in 2010.

    Lisa Jackson, Apple’s vice president of environment, policy and social initiatives, said Apple’s use of recycled rare earths was “not related” to trade tensions but could help it maintain a steady supply.

    “This is one of those happy coincidences where what is good for the planet is really good...

  • Greta Thunberg to Congress: 'Don't listen to me. Listen to the scientists' Link https://t.co/JcgmEgtQoS
    Reuters Top News Wed 18 Sep 2019 17:41

    WASHINGTON (Reuters) - Teenage activist Greta Thunberg, who has inspired a global movement for climate change, delivered a pointed message before a Congressional hearing on Wednesday: “I don’t want you to listen to me. I want you to listen to the scientists.”

    The 16-year old founder of the ‘Fridays For Future’ weekly school walkouts to demand government climate-change action submitted a 2018 report by the Intergovernmental Panel on Climate Change at the hearing in lieu of testimony. It urged rapid, unprecedented changes to the way people live in order to keep temperatures from rising 1.5 degrees Celsius (34.7 Fahrenheit) by 2030.

    “People in general don’t seem to be aware of how severe the crisis” is, Thunberg said, urging lawmakers to “unite behind the science” and take action, pleading that people treat climate change “like the existential crisis it is.”

    Thunberg was...

  • Russia frees jailed protester as teachers, priests demand end to crackdown Link https://t.co/veLuHMbQWX
    Reuters Top News Wed 18 Sep 2019 17:36

    MOSCOW (Reuters) - A Moscow court freed an opposition protester from custody on Wednesday, as school teachers and Orthodox priests told authorities to rein in a crackdown following the biggest anti-Kremlin protests in the capital for years.

  • Wall Street retreats ahead of Fed decision as FedEx weighs Link https://t.co/XSdWB1tJbx
    Reuters Top News Wed 18 Sep 2019 17:31

    (Reuters) - U.S. stocks came under pressure on Wednesday as investors waited for the Federal Reserve’s decision on interest rates and clues about its future monetary policy, while a profit warning by FedEx weighed on sentiment.

  • Iran warns of crushing response, blames U.S. for regional tension Link https://t.co/TtyN8uI3KP
    Reuters Top News Wed 18 Sep 2019 17:26

    DUBAI (Reuters) - Iran on Wednesday threatened a crushing response to any military strike after attacks on Saudi oil sites blamed by Washington on Tehran, though it said the Islamic Republic had no desire for conflict in the Gulf region.

  • Garments for lease: 'rental' apparel brings new wrinkles for retail stores Link https://t.co/0dKZiVeYGX
    Reuters Top News Wed 18 Sep 2019 17:21

    MADRID/NEW YORK (Reuters) - Lisa Batitto, 54, says she has virtually stopped buying clothes ever since she started renting them.

    The New Jersey-based museum publicist spends $277 a month on three subscriptions, including one from New York & Company, a women’s mid-price clothing chain with hundreds of U.S. stores. 

    This is less than what she previously spent, she said. ”I still have clothes in my closet from when I was buying, but I can’t tell you the last time I bought anything,” she said. 

    From New York & Company, owned by RTW Retailwinds Inc. (RTW.N), to Bloomingdale’s (M.N) and Banana Republic of Gap Inc. (GPS.N), more retailers are offering to lend out their clothing for a monthly rental rate.

    Even fast-fashion stalwart H&M (HMb.ST), with nearly 5,000 stores globally, said in August it would include a limited rental service featuring...

  • Iran warns of crushing response, blames U.S. for regional tension Link https://t.co/9wJQnP9DFe
    Reuters Top News Wed 18 Sep 2019 17:16

    DUBAI (Reuters) - Iran on Wednesday threatened a crushing response to any military strike after attacks on Saudi oil sites blamed by Washington on Tehran, though it said the Islamic Republic had no desire for conflict in the Gulf region.

  • Find out which publicly funded and operated organizations are doing the most to advance science, pioneer new technologies, and power new markets and industries. #ReutersRankings Link https://t.co/aCn1VSY4tf
    Reuters Top News Wed 18 Sep 2019 17:11
  • Amazon Studios’ new ‘The Lord Of The Rings’ TV series is widely tipped to be the most expensive ever made. More here: Link https://t.co/gbgBsnjQuZ
    Reuters Top News Wed 18 Sep 2019 17:11

    WELLINGTON/SAN FRANCISCO (Reuters) - New Zealand will be home again to hairy feet and pointed-ear Hobbits after Amazon Studios confirmed the Pacific country will be the location for its new “The Lord of the Rings” series, a TV show widely tipped to be the most expensive ever made.

    The Amazon.com Inc unit said the multi-series adaptation will explore new storylines preceding author J.R.R. Tolkien’s “The Fellowship of the Ring”, the first instalment in the famed fantasy trilogy set in the fictional land of “Middle-earth”.

    Amazon bought the TV rights to Tolkien’s literary classic two years ago when screens were ruled by HBO’s blockbuster fantasy series, “Game of Thrones”. Unlike HBO and others such as Netflix Inc, a hit for Amazon could not only draw in viewers but also shoppers to its Prime subscription service.

    Three movies made of The Lord of the Rings trilogy in the...

  • Turkish court rules to keep U.S. consulate worker in jail: lawyer Link https://t.co/zrNNNvizet
    Reuters Top News Wed 18 Sep 2019 17:11

    ISTANBUL (Reuters) - A Turkish court ruled on Wednesday to keep a U.S. consulate employee in jail as his trial on espionage charges continues, a lawyer said, meaning he will remain in detention until the next hearing in December.

    Metin Topuz, a Turkish translator and fixer for the Drug Enforcement Agency (DEA) at the U.S. consulate in Istanbul, has been in custody for 23 months. The next hearing in the case was set for Dec. 11, said his lawyer, Halit Akalp.

    Topuz is charged with espionage and links to the network of cleric Fethullah Gulen, who is based in the United States and blamed by Turkey for plotting the failed 2016 coup. Washington says Topuz is innocent.

    The court has repeatedly said it wants to hear another witness in the case file. But lawyers on Wednesday told the court that the address on record for that witness did not exist.

    In his final defense...

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