Business

Dollar tramples yen and everything in its path

The dollar trampled everything in its path on Thursday after a steep and sudden slide in the Japanese yen called into question its safe-haven status and others from the euro and pound to the Australian dollar were all sent cartwheeling.

Business

Oil firms on supply threats, easing demand woes

Oil prices rose on Thursday supported by China’s efforts to boost its economy, a drop in new coronavirus cases at the epicentre of the outbreak and supply concerns in Venezuela and Libya.

Business

Lingerie brand Victoria’s Secret to go private

L Brands Inc is selling a controlling stake in its Victoria’s Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as focuses on its core Bath & Body Works brand.

Technology

Kenya’s Safaricom to consider Huawei as supplier for 5G network

Kenya’s biggest telecoms operator Safaricom will consider awarding a contract to China’s Huawei as it rolls out its fifth generation (5G) network this year, its acting chief executive said on Wednesday.

Top News

Dollar tramples yen and everything in its path

The dollar trampled everything in its path on Thursday after a steep and sudden slide in the Japanese yen called into question its safe-haven status and others from the euro and pound to the Australian dollar were all sent cartwheeling.

Top News

Factbox: German far-right attacks in recent years

A gunman with suspected far-right links shot dead nine people, some of them migrants from Turkey, in an overnight rampage through a German city before killing himself.

Top News

Six workers found trapped in illegal underground tobacco factory in Spain

Six workers trapped in squalid, airless conditions were rescued from an elaborate cannabis farm and counterfeit tobacco factory hidden beneath a mountain village in Spain after police arrested the suspected masterminds of the operation.

World

Two killed in Sydney-Melbourne train derailment

Two people were killed and a number of others were injured when an Australian interstate train derailed outside Melbourne on Thursday evening, police said.

World

Former FIFA secretary general Valcke and BeIN sports chairman indicted

Former FIFA secretary general Jerome Valcke and the chairman of Qatar-based media group BeIN Sports, Nasser Al-Khelaifi, have been charged in Switzerland in connection with the award of television rights for the World Cup and Confederations Cup, Swiss prosecutors said on Thursday.

World

Can a video game save a life? African refugee puts players in his race for survival

The goal of Lual Mayen’s video game is to survive the horrific ordeal of a refugee, an experience that his family knows well, but the 25-year-old developer’s ambition is to change the world.

World

Lesotho’s prime minister to be charged with murdering wife: police

Lesotho’s Prime Minister Thomas Thabane is to be charged with the murder of his former wife, the deputy police commissioner said on Thursday.

World

South Korea city deserted after coronavirus church ‘super-spreader’

The streets of South Korea’s fourth-largest city were abandoned on Thursday, with residents holed up indoors after dozens of people caught the coronavirus in what the authorities described as a “super-spreading event” at a church.

World

Georgia’s released ex-premier vows to fight against government

Georgia’s former prime minister Vano Merabishvili said on Thursday after release from prison that he would return to active politics and fight against the current government.

World

No relent in fighting in northwest Syria, deepening misery for civilians

Russian warplanes struck at rebel-held towns in northwest Syria again on Thursday and Turkish artillery supported insurgent attacks elsewhere as officials from the two countries struggled to reach a compromise to halt an escalation in the Syrian war.

World

German gunman kills 9 in attack on migrant bars

A gunman with suspected far-right links shot dead nine people, some of them migrants from Turkey, in an overnight rampage through a German city before killing himself, officials said.

Business

Exclusive: Westinghouse set to sign pact with Indian firm for nuclear reactors during Trump visit

U.S. energy firm Westinghouse is expected to sign a new agreement with state-run Nuclear Power Corporation of India for the supply of six nuclear reactors during U.S. President Donald Trump’s visit next week, officials said, aiming to kickstart a long-running project.

Business

Futures dip as coronavirus cases outside China rise

U.S. stock index futures fell on Thursday, a day after the S&P 500 and Nasdaq closed at record levels, as the number of coronavirus cases outside China increased.

Business

Morgan Stanley to buy E*Trade Financial in $13 billion deal

Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in an all-stock deal worth about $13 billion, the biggest deal by a Wall Street bank since the financial crisis.

Business

HSBC targets the globally mobile with $1.4 trillion wealth business

HSBC plans to invest heavily in its newly combined retail and private banking business as it targets internationally minded customers in markets such as China, the United States and Singapore, the unit’s Chief Executive Charlie Nunn told Reuters.

Business

Thyssenkrupp nears full sale of $17 billion elevator division – sources

Thyssenkrupp is nearing a full sale of its elevator division, three people familiar with the matter said, adding this would secure the highest valuation of about 16 billion euros ($17.3 billion) to help it pay down debt.

Business

Domino’s U.S. same-store sales, profit beat estimates, shares jump 20%

Domino’s Pizza Inc on Thursday reported quarterly U.S. same-store sales and profit above analysts’ estimates, as its focus on faster delivery and new promotions to lure diners paid off, sending shares up nearly 20%.

U.S.

Tennessee to execute man convicted of killing fellow inmate in 1985

A death row inmate convicted more than three decades ago of stabbing a fellow prisoner to death over a drug deal gone bad is scheduled for execution on Thursday by electric chair in Tennessee.

Health

London can host 2020 Games if moved over coronavirus: mayor candidate

London would be ready to host the 2020 Olympics if the outbreak of the coronavirus forced the Games to be moved from Tokyo, Shaun Bailey, the Conservative candidate for mayor of the British capital, has said.

Health

WHO says in touch with South Korea on ‘cluster of COVID-19 cases’

The World Health Organization (WHO) is in close touch with South Korea regarding a “cluster” of COVID-19 cases around the central city of Daegu, a WHO spokesman said on Thursday after authorities there described it as a “super-spreading event”.

Health

SAP India says two employees tested positive for H1N1 virus

The Indian arm of German software group SAP said on Thursday it had shut down all offices in the country for sanitisation after two of its employees in the southern city of Bengaluru tested positive for the H1N1 virus.