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US stocks gain on hopes of G-20 trade breakthrough

49 min 56 sec ago
NEW YORK: Wall Street stocks rallied on Tuesday (Jun 18) on upbeat comments on trade by the US and China ahead and as the ECB signalled it could cut interest rates. US President Donald Trump said he had a "good" conversation with China's Xi Jinping and would hold an "extended meeting" at the Group ...

Historic US drug bust nets 16 tonnes of cocaine

50 min 7 sec ago
NEW YORK: US authorities said on Tuesday (Jun 18) they had seized around 16 tonnes of cocaine with an estimated street value of over US$1 billion in a historic drug bust aboard a ship at the port of Philadelphia. "This is one of the largest drug seizures in United States history," tweeted William ...

Photoshop maker Adobe beats revenue, profit estimates

54 min 49 sec ago
Adobe Inc beat analysts' estimates for quarterly profit and revenue on Tuesday, driven by growth in its digital media business that houses its flagship product Creative Cloud.

Barrick CEO believes Acacia offer is fair after extending bid deadline

59 min 52 sec ago
Barrick Gold Corp, the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday.

Mike Ashley demands Goals Soccer hire corporate investigator - Sky News

1 hour 19 min ago
Mike Ashley's Sports Direct has demanded British five-a-side football pitch operator Goals Soccer Centres to allow it to hire corporate investigator Kroll to look into a slew of accounting issues at the company, Sky News reported.

Erdogan says Turkey will receive Russian defence system 'very soon'

1 hour 21 min ago
ISTANBUL: President Tayyip Erdogan said on Tuesday (Jun 18) that Turkey would take delivery of a Russian S-400 missile defence system "very soon" after telling Russian President Vladimir Putin there was "no turning back" on the deal, which has strained ties with Washington. The United States has ...

Russia, China delay US push for halt to North Korea fuel imports

1 hour 28 min ago
UNITED NATIONS: Russia and China on Tuesday (Jun 18) delayed a US request for a UN Security Council sanctions committee to demand an immediate halt to deliveries of refined petroleum to North Korea over accusations Pyongyang violated a UN cap, diplomats said. The United States, backed by dozens of ...

Google invests US$1 billion to ease housing shortage near California headquarters

1 hour 35 min ago
Alphabet Inc's Google announced on Tuesday it would set aside US$750 million in land and US$250 million in financing to spur developers in the San Francisco Bay Area to build at least 20,000 homes and rehabilitate other housing over the next decade.

Spain busts gang that helped 'finance Al Qaeda militia'

1 hour 35 min ago
MADRID: Spanish police on Tuesday (Jun 18) detained 10 nationals of Syrian origin accused of financing "Al Qaeda terrorist militia" in Syria, the interior ministry and a source close to the probe said. With Europol's collaboration, more than 350 agents took part in an operation in Madrid, further ...

US hospital ship on mission to aid Venezuela refugees

1 hour 41 min ago
MIAMI: US Navy hospital ship the USNS Comfort sets out this week to the Caribbean and Latin America as part of a mission to help Venezuelan migrants, Vice President Mike Pence announced on Tuesday (Jun 18). Pence and Admiral Craig Fuller, head of US Southern Command, joined a group of Venezuelans ...

Nigel Farage's milkshake attacker told to pay him compensation

1 hour 45 min ago
LONDON: A man who threw a milkshake over Nigel Farage, the leader of Britain's Brexit Party, has been ordered to pay him compensation to cover his suit-cleaning bill after pleading guilty to common assault and criminal damage. Paul Crowther, 32, threw the milkshake over Farage, one of the leading ...

Airbus seeks new partners to expand in US space market

1 hour 54 min ago
Airbus' defense division is looking for new partners to expand its presence in the growing U.S. space market, and could potentially build components for a lunar program there, Airbus Defense and Space Chief Executive Dirk Hoke told Reuters.

Horse Racing: Circus Maximus is mother's pride at Royal Ascot

1 hour 55 min ago
ASCOT: Circus Maximus emulated his dam Duntle in winning at Royal Ascot as he took the feature race the St James's Palace Stakes on a grey and rainy opening day of the prestigious meeting on Tuesday (Jun 18). Duntle won twice at the Royal festival in 2012 and 2013 and her son showed all the ...

Court accepts Brazil giant Odebrecht's bankrupcy protection request

2 hours 8 min ago
SAO PAULO: A court in Sao Paulo on Tuesday (Jun 18) accepted a request by Brazilian conglomerate Odebrecht to begin a corporate recovery procedure aimed at fending off bankruptcy at the scandal-tainted group. In the request, submitted on Monday, Odebrecht declared colossal debts of 98.5 billion ...

China to block pork imports from Canadian firm

2 hours 13 min ago
BEIJING: China will suspend pork imports from Canada's Frigo Royal after traces of a banned feed additive were found in its shipments, state media said on Tuesday (Jun 18), amid a diplomatic row between Ottawa and Beijing. Sino-Canadian relations have been frosty since the December arrest in ...

Two Swiss mountaineers land plane on Mont Blanc

2 hours 17 min ago
ANNECY, France: Two Swiss mountaineers landed a small plane less than 400 metres from the summit of Mont Blanc on Tuesday (Jun 18) before heading for the top of Europe's tallest peak with police in pursuit, the French gendarme said. The pair landed the aircraft at 4,450 metres on the famous ...

US must be able to respond to any Iranian attack: Pompeo

2 hours 21 min ago
WASHINGTON: The United States must have the capability to respond to any Iranian attack on US interests, Secretary of State Mike Pompeo said on Tuesday (Jun 18). He spoke at the Florida headquarters of US Central Command, which oversees US forces in the Middle East, a day after the US said it was ...

Shanahan withdraws from consideration to be US defence secretary

2 hours 30 min ago
WASHINGTON: Acting Defence Secretary Patrick Shanahan has withdrawn from consideration to head the US military, President Donald Trump announced on Tuesday (Jun 18), stoking uncertainty about the leadership of the Pentagon at a moment of rising tension with Iran. The decision comes amid reports of ...

Tennis: Sharapova makes winning return in Mallorca Open

2 hours 35 min ago
MADRID: Maria Sharapova made a winning return from injury on Tuesday (Jun 18) by beating Viktoria Kuzmova 7-6 (10/8), 6-0 to reach the second round of the Mallorca Open. The five-time Grand Slam champion has not played since the end of January after taking time out to recover from a shoulder ...

US agency to vote to auction key unused parts of 2.5 GHz band for 5G

2 hours 39 min ago
The U.S. Federal Communications Commission plans to vote in July on moving forward to auction off parts of a key band of largely unused 2.5 GHz spectrum to help advance next-generation 5G wireless networks, two people briefed on the matter said.