Month: November 2019

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GLOBAL MARKETS-Asian stocks retreat as China's growth slowdown deepens

November 14, 2019 admin Comments Off on GLOBAL MARKETS-Asian stocks retreat as China's growth slowdown deepens

TOKYO/SINGAPORE, Nov 14 (Reuters) – Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan , which had drifted in to positive territory in morning trade, turned negative to trade 0.4% lower. Japan’s Nikkei stock index dropped 0.6%, while Shanghai blue chips turned from positive to flat and Australia’s S&P/ASX200 index wiped some of its gains to trade less than 0.5% higher by mid afternoon in Sydney. …read more […]

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Michael Avenatti faces new fraud charge in Nike extortion case

November 14, 2019 admin Comments Off on Michael Avenatti faces new fraud charge in Nike extortion case

Federal prosecutors on Wednesday unveiled a new fraud charge against lawyer Michael Avenatti, accusing him of lying to a client as part of his alleged effort to extort Nike Inc. The prosecutors also dropped two counts of conspiracy against Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan. “I am extremely pleased that the two counts alleging I engaged in a conspiracy against Nike have just been dismissed by Trump’s DOJ,” Avenatti wrote on Twitter, referring to the U.S. Department of Justice under President Donald …read more […]

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Uber launches new safety features in UK as it fights for new license

November 14, 2019 admin Comments Off on Uber launches new safety features in UK as it fights for new license

Uber launched a set of new safety features in Britain on Thursday as it battles to retain its taxi operating license in the face of concerns about passenger safety. The measures include a discrimination button enabling drivers and riders to report abuse, enhanced safety training for drivers and a direct connection to the emergency services. In September, Uber received only a two-month operating license in London, its most important European market, failing to secure a maximum five-year term in a battle with the regulator Transport for London (TfL) which has previously stripped the app of its right to …read more […]