“This is not going to be a quick fix, but there is, at the end of the day, long-life assets here with intrinsic economic value. It is investing in its separate, $10 billion-a-year renewables unit focused on wind and hydro, which saw revenue fall 6 percent last year. After acquiring the Alstom power business in 2015, GE has a base of customers that produces one-third of the world’s electricity. Utilities there are shutting down the equivalent of about 20 average-sized coal plants this year, according a Reuters analysis of data from power system operator ERCOT. It said it has no current plans to build more such plants.“Solar is very cheap,” spokesman Dan Genest said.
May 24, 2018 07:52 UTC
Saudi Arabia has released veteran women’s rights activist Aisha al-Manea following her arrest last week with several other activists in a crackdown just weeks before a ban on women driving is set to end, Amnesty International said on Thursday. Manea, 70, had been campaigning for women’s right to drive since the 1990s. She was among six detainees publicly identified by Amnesty, along with Eman al-Nafjan, Loujain al-Hathloul, Aziza al-Yousef, Ibrahim Modeimigh and Mohammed al-Rabea. Ending a decades-old ban on women driving has been hailed as proof of a new progressive trend in the country, but has been accompanied by a crackdown on dissent, including dozens of arrests last September that appeared to pave the way for lifting the driving ban. Some of those arrested this week nonetheless continued to speak out.
May 24, 2018 07:18 UTC
FILE PHOTO: Logos of Deutsche Bank AG are seen in Tokyo July 16, 2014. REUTERS/Toru Hanai/File PhotoFRANKFURT - 24 May 2018: Deutsche Bank (DBKGn.DE) will cut global staff numbers by more than 7,000 in the first major move by its new CEO to reduce costs and restore profitability after years of false starts.Germany’s biggest bank said on Thursday it would reduce global headcount to well below 90,000 from the current 97,000, with staff numbers in equities sales and trading falling by 25 percent. The bulk of those jobs are in New York and London.After an abrupt management reshuffle last month, Deutsche Bank said it aimed to scale back its global investment bank and refocus on Europe and its home market after three consecutive years of losses. It had flagged cuts to U.S. bond trading, equities, and the business that serves hedge funds.“We remain committed to our Corporate & Investment Bank and our international presence – we are unwavering in that,” Chief Executive Christian Sewing said in a statement on Thursday.“We are Europe’s alternative in the international financing and capital markets business. Standard & Poor’s is expected to say by the end of the month whether it will cut Deutsche Bank’s rating after putting it on “credit watch” in April.
May 24, 2018 07:07 UTC
AFP/File | President Donald Trump is denouncing Tehran's "brutal and corrupt" regimeWASHINGTON - 24 May 2018: U.S. President Donald Trump has signaled a new direction in U.S.-China trade talks and said any deal would need “a different structure,” fueling uncertainty over current negotiations.In an early Wednesday morning post on Twitter, Trump said the current track appeared “too hard to get done” and cited difficulties such as verification, but he gave no other details about what he or his administration was looking for amid ongoing negotiations.Representatives for the White House did not respond to a request for more information about the president’s statement.“Our trade deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion,” Trump wrote in his post.U.S. stocks slipped after his comments, but ended Wednesday up after release of the minutes of the last Federal Reserve meeting, which indicated a gradual approach to interest rates hikes.On Thursday, the Trump comments on China trade talks and the launch of a U.S. national security probe into U.S. auto imports dented shares of Asian automakers.Trump’s statement comes amid the negotiations between the world’s two largest economies after potential tariffs on both sides raised fears of a trade war, even as some tensions have eased over signs of some possible progress.Both sides claimed victory on Monday and pledged to continue talking after last week’s round in Washington produced pledges that China would import more American energy and agricultural commodities so as to trim the $335 billion annual U.S. goods and services trade deficit with China, although there were no specifics. [nL3N1SS1VH]“China unswervingly defends its core interests, and did not make any promise on cutting its trade surplus with the U.S. by a specific figure,” Gao Feng, spokesman at the Chinese commerce ministry, said on Thursday.But both sides are willing to strengthen cooperation in agricultural, energy, medical, high-tech products as well as the financial sector, Gao told reporters at a regular briefing in Beijing.U.S. Commerce Secretary Wilbur Ross was expected to visit China next week to help finalize an agreement. On Tuesday, however, Trump raised doubts the meeting would take place as planned, and suggested Kim’s recent meetings with Chinese President Xi Jinping had influenced Kim to harden his stance.
May 24, 2018 04:41 UTC
Egypt's Interior Minister General Magdi Abdel Ghaffar speaks during a news conference in Cairo, Egypt on March 6, 2016. Photo - ReutersCAIRO – 24 May 2018: Security forces raided the country’s notorious drug-trafficking desert area of Al-Sehr W Al-Jamal (Charm and Beauty) on Wednesday and killed two criminals during a police shootout that also led to the injury of an officer.According to the Security Directorate of Ismailia governorate, and based on information gathered by the security apparatus, security forces have been tracking down a dangerous criminal taking shelter in the area of Al-Sehr W Al-Jamal, which is located on the desert road linking the governorates of Ismailia and Suez.The investigations further revealed that the criminal, who was among the two killed by security forces during Wednesday’s desert sweep, was found to have had a lengthy criminal record, including 13 different cases with various charges relating to drug trafficking, forced robbery, possessing unlicensed weapons and murder.“The accused and his aide sensed the arrival of the forces and initiated by firing heavy weapons, and security forces managed to deter them and cordoned off the area and took control of the situation,” the statement read.A machine gun, 250 bullets and related chambers, a CZ 9mm pistol, large quantities of heroin, five digital scales, 10 mobile phones, an unlicensed motorcycle, and LE 23,000 ($1,284) were in possession of the criminals.A short time later, the public prosecution was reported to have been officially notified and pertinent investigations were launched accordingly.
May 24, 2018 03:45 UTC
Field Marshal Khalifa Haftar, commander of the Libyan National Army / press photoCAIRO – 24 May 2018: France is seeking to resume its mediation role in solving the Libyan crisis by proposing an initiative to end Libya's political impasse with the participation of high official parties, a Libyan source told Egypt Today.According to the source, Paris has recently conducted several negotiation meetings with Libyan factions' leaders and a number of international countries, before inviting the main parties to participate in a Paris meeting on Tuesday.Libyan Army Commander Khalifa Haftar, Libyan Presidential Council Chief Fayez Serraj, First Deputy of the State Supreme Council Nagy Mokhtar and Parliament Speaker Akila Saleh will take part in this meeting.The meeting is also expected to be attended by representatives of Egypt, Gulf countries, European countries, the United States, the African Union, the European Union and the League of Arab States.According to the source, the main items of the initiative include immediate unification of the Libyan central bank and the dissolution of all parallel institutions. It also called for opening a new session for voters' registration on the electoral list for an additional period of 60 days.The initiative added that Libyan army forces should secure election preparations and polling stations, as voting should be taking place later this year. The statement was issued following a tripartite meeting of foreign affairs ministers Sameh Shoukry of Egypt, Khemaies Jhinaoui of Tunisia, and Abdelkader Messahel of Algeria in Algiers. They discussed the latest developments in Libya and prospects for a political solution in the Arab country. "Foreign interference undermines the country's political process, prolongs the crisis, and threatens security and stability in Libya and neighboring countries," the foreign ministers of the three countries said in a statement in support of the political settlement in Libya.Libya has been in a state of turmoil since a 2011 civil war that resulted in the overthrow of longstanding ruler Muammar Gaddafi by rebel fighters backed by NATO airstrikes.
May 24, 2018 03:00 UTC
An undated handout photo distributed by the Syrian News Agency (SANA) on July 8, 2012, shows Syrian armed forces during a live ammunitions exercise in an undisclosed location. REUTERS/SANA/HandoutBEIRUT - 24 May 2018: Warplanes from the U.S.-led coalition targeted two Syrian army positions in the eastern Syrian desert, a military media unit run by Lebanon's Hezbollah group said early on Thursday, but U.S. military officials denied any knowledge of the strikes.The unit, a Damascus ally, said the strikes took place near T2, an energy installation located near the border with Iraq and about 100 km (60 miles) west of the Euphrates river where the coalition is backing ground forces against Islamic State.A U.S. military official denied any knowledge of the strikes. "We have no operational reporting of a U.S.-led coalition strike against pro-Syrian regime targets or forces," Captain Bill Urban, a spokesman for U.S. Central Command, told Reuters.Another Pentagon spokesman, who spoke on condition of anonymity, said: "We have no information to substantiate those reports. "Syrian state media did not immediately report the strikes.Eastern Syria was mostly held by Islamic State until last year, when two rival campaigns, one by the Syrian army backed by Russia, Iran and Hezbollah, the other by Kurdish and Arab militias backed by the U.S. coalition, took most of its land.Communication between Russia and the United States averted most clashes between them. However, the coalition has struck Syrian pro-government forces that it said were attempting to attack coalition positions.The U.S. military operating outside the coalition also maintains a base at Tanf in the eastern Syrian desert near the borders with Iraq and Jordan and last year struck pro-government forces moving along a road towards it.
May 24, 2018 01:07 UTC
raqi security forces and civilians gather at the site of a car bomb attack in Baghdad October 21, 2014. REUTERS/Kareem RaheemBAGHDAD - 24 May 2018: At least four people were killed and 15 wounded in a suicide attack in Iraq's capital Baghdad on Thursday, a military spokesman told Reuters.The attack took place in the predominantly Shi'ite Shula district, in northwest Baghdad.According to a statement from Iraq's National Security media center, the attacker detonated an explosive vest after he was besieged by security forces at the entrance to the Saqlawiyah park, resulting in the death and injury of "a number of civilians. "No group immediately claimed responsibility for the attack, though it bore the hallmarks of Islamic State.Iraq declared victory over the hardline Sunni militant group in December 2017. Although the group has largely been defeated, it continues to carry out sporadic attacks and operate limited cells in the country, particularly in the north, around Iraq's second city Mosul.Islamic State has claimed previous attacks against security forces and in public places in mainly Shi'ite dominated areas. Earlier this month, the group claimed a deadly gun attack in Tarmiya, an area 25 km (15 miles) north of Baghdad.
May 23, 2018 23:48 UTC
After many decades of losing your jobs to other countries, you have waited long enough!" This path leads inevitably to fewer choices and higher prices for cars and trucks in America,” Bozzella said. 'Trump has railed against European auto imports and tariffs.“If the E.U. "German automakers Volkswagen AG, Daimler AG and BMW AG all have large U.S. assembly plants. In such a trade war there are only losers on all sides.”The White House could opt to negotiate with individual countries about whether auto tariffs take effect.
May 23, 2018 23:03 UTC
Canada's largest city to open emergency housing for asylum seekers - ReutersTORONTO - 24 May 2018: Canada's largest city said on Wednesday it is activating an emergency contingency plan to shelter refugee claimants as it prepares for an influx of migrants this summer, a rare move that underscores the strain caused by the inflow of asylum seekers.Toronto will house 800 asylum seekers in college dorms over the summer, the city said in a statement. He and his colleagues have been working with the city for months to develop a longer-term solution. "It's a bandage. Of course a bandage doesn't help in the long term, particularly if people continue coming in (at) this level. "Refugees cross illegally because if they cross legally at formal border crossings, Canada will turn them back under a bilateral agreement with the United States.
May 23, 2018 22:52 UTC
House Backs Measure to Clamp Down on Myanmar Over Rohingya Rights - ReutersWASHINGTON - 24 May 2018: Members of the U.S. House of Representatives voted overwhelmingly on Tuesday in favor of legislation to pressure Myanmar, also known as Burma, to improve its record on human rights.Lawmakers voted 382-30 to approve the measure as an amendment to the National Defense Authorization Act, or NDAA, a massive defense policy bill that is one of the few pieces of legislation passed by the U.S. Congress every year.Nearly 700,000 Rohingya Muslims have fled into Bangladesh from Myanmar since August to escape a military crackdown, launched in response to Rohingya insurgent attacks. Refugees have reported murder, rape and arson by Myanmar troops.Washington has called the army response "ethnic cleansing," which Myanmar has denied, saying its security forces were conducting a legitimate counter-insurgency operation against "Bengali terrorists. "If included in a final version of the NDAA, typically passed by the House and Senate later in the year, the measure would, among other things, bar U.S. security assistance or cooperation with Myanmar's military or security forces until they have made progress on human rights.It also would impose sanctions on current or former senior Myanmar military officials who perpetrated or were responsible for serious human rights abuses.The amendment was introduced by Representative Eliot Engel, the top Democrat on the House Foreign Affairs Committee.Earlier this month the United Nations Security Council urged Myanmar’s government to carry out transparent investigations into accusations of violence against the Rohingya Muslims and allow immediate aid access to the region.
May 23, 2018 21:45 UTC
Attorney General Nabil Sadek - file photoCAIRO – 23 May 2018: Egypt’s Attorney General, Nabil Sadek, referred 40 defendants Wednesday to the Criminal court on charges of human trafficking and Smuggling of migrants.The Public Funds Prosecution initiated an investigation into information provided by the Administrative Control Authority (ACA). ACA claimed that an employee in the Ministry of Foreign affairs is exploiting his position to orchestrate human trafficking and smuggling of migrants’ crimes.The employee conspired with others to introduce minor females into the world of prostitution according to the authorities’ investigations.
May 23, 2018 21:22 UTC
"The ruling comes in response to a lawsuit filed by a group of Twitter users and the Knight First Amendment Institute at Columbia University.The lawsuit contended that because Trump uses Twitter for a variety of policy announcements, his account is "a designated public forum" that cannot exclude people due to their political views.The judge acknowledged that even though the president has certain free speech rights, he cannot violate the rights of other Twitter users. "Jaffer added in a statement, "The president's practice of blocking critics on Twitter is pernicious and unconstitutional, and we hope this ruling will bring it to an end. "There was no immediate reaction from the White House.In the lawsuit, the seven individual plaintiffs, which included a University of Maryland professor, a Texas police officer and a New York comic, said they were blocked from the @realDonaldTrump account after posting tweets critical of his policies.Although they were still able to see the tweets without logging in to Twitter, and to quote Trump's tweets in their own messages, their comments were excluded from the threads that make up a public "conversation. "The case could affect other social media interactions involving public officials.The Knight Institute said it was lodging an appeal in the case of a Virginia resident blocked on Facebook by a local public official.A supporting brief in the New York case argued that the case is important in guaranteeing political speech. "In light of social media's importance to modern life, President Trump's practice of blocking individual users robs them of a singularly valuable opportunity to make their speech heard," said the brief filed by the Georgetown University Institute for Constitutional Advocacy and Protection.
May 23, 2018 19:30 UTC
Iran's Supreme Leader Ayatollah Ali Khamenei gestures as he delivers a speech in Mashad, Iran, March 21, 2018 - REUTERSCAIRO – 23 May 2018: Iran's top leader set out seven conditions on Wednesday for Tehran to stay in its nuclear deal with world powers, including steps by European banks to safeguard trade with Tehran after the U.S. withdrawal from the pact.Ayatollah Ali Khamenei's official website said that he also stipulated European powers must protect Iranian oil sales from U.S. pressure and continue buying Iranian crude, and must promise they would not seek new negotiations on Iran's ballistic missile programme and regional Middle East activities. "European banks should safeguard trade with the Islamic Republic. We do not want to start a fight with these three countries (France, Germany and Britain) but we don't trust them either,” Khamenei said. "Europe should fully guarantee Iran’s oil sales. In case Americans can damage our oil sales..., Europeans should make up for that and buy Iranian oil."
May 23, 2018 19:18 UTC
U.S. Secretary of State Mike Pompeo delivers remarks on the Trump administration's Iran policy at the Heritage Foundation in Washington, U.S. May 21, 2018. "A bad deal is not an option," Pompeo said in his written opening statement for a House of Representatives Foreign Affairs Committee hearing. If the right deal is not on the table, we will respectfully walk away. Secretary?" "No you should not conclude that," Pompeo said, raising his voice and saying his first state briefing was on security.
May 23, 2018 19:18 UTC