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Oil rises 2 percent, but still set for first weekly fall in six

NEW YORK (Reuters) – Oil prices rose about 2 percent on Friday, capping five sessions of losses, on expectations of an OPEC deal to extend curbs on production and the shutting of a major U.S. crude pipeline. FILE PHOTO: A worker stands in front of pump jacks at the Ashalchinskoye oil field owned by Russia’s oil producer Tatneft near Almetyevsk, in the Republic of Tatarstan, Russia July 27, 2017. REUTERS/Sergei Karpukhin/File Photo Prices were still on track for their first weekly loss in six as rising U.S. output data wasRead More

Critics urge WHO to reverse choice of Mugabe as goodwill envoy

GENEVA/LONDON (Reuters) – The World Health Organization (WHO) should overturn its decision to appoint Zimbabwean President Robert Mugabe as a goodwill ambassador, global health leaders said on Saturday, describing the move as unjustifiable and wrong. Britain said Mugabe’s appointment was “surprising and disappointing” and added that it risked overshadowing the WHO’s global work. The United States, which has imposed sanctions on Mugabe for alleged human rights violations, said it was “disappointed.” “This appointment clearly contradicts the United Nations’ ideals of respect for human rights and human dignity,” a U.S. StateRead More

Cowboys, Cardinals link arms amid anthem protests

PHOENIX (Reuters) – Two National Football League teams on Monday largely steered clear of a controversy over national anthem protests that have ensnared U.S. President Donald Trump and threatened to damage the game’s popularity, staging a pre-game “moment of unity” instead. The entire Dallas Cowboys team, including owner Jerry Jones, linked arms and knelt on the playing field for a moment before the game, but then stood respectfully as the “Star-Spangled Banner” was performed by singer Jordin Sparks. Jones has previously expressed pride that no players on his team hadRead More

Native American tribe moves to dismiss Allergan patent case

(Reuters) – A Native American tribe holding patents for drugmaker Allergan Plc (AGN.N) on Friday moved to dismiss a case brought by generic drug company Mylan NV (MYL.O) challenging the patents. In a filing to the U.S. Patent Trial and Appeal Board, the Saint Regis Mohawk Tribe asked that Mylan’s case seeking to invalidate Allergan’s patents on dry-eye medicine Restasis be thrown out on the grounds that the board has no jurisdiction over the tribe. The move was expected after Allergan announced on Sept. 8 that it had transferred RestasisRead More

Accused mobster tied to Boston art heist to undergo psychiatric test

BOSTON (Reuters) – An octogenerian alleged mobster who police believe may be able to help solve the largest art heist in U.S. history will undergo a psychiatric evaluation before being sentenced on gun charges, a federal court judge in Connecticut ruled on Friday. The decision came after Robert Gentile, 81, appeared in court earlier this month for sentencing on charges he pleaded guilty to in April, but claimed to have no memory of entering a plea or of the events involved. “The defendant’s counsel has become increasingly concerned about theRead More

Madonna’s headed overseas _ to a new home in Portugal

Madonna is heading overseas to a new home in Portugal. The Michigan native had been living in New York. She said on Instagram Saturday that she finds the energy of Portugal inspiring, and it makes her feel creative and alive. A spokesman for the singer said she fell in love with the country after ending a tour there in 2004. Madonna posted that she’ll be working on a film and new music in Portugal. She said in her Instagram post: “It’s time to conquer the world from a different vantageRead More

Coin offerings create financial risks: China industry body

SHANGHAI (Reuters) – Launches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China’s National Internet Finance Association said. ICO investors should be wary and report any suspected crimes to police, the state-backed association said in the latest sign of growing official concern about ICOs. On Monday, the financial magazine Caixin reported regulators were preparing new rules on digital coin offerings and may ban them until the rules are inRead More

BRIEF-Helio Resource Corp says Shanta gold terminates arrangement agreement with co – world news headlines from reuters

Aug 18 (Reuters) – Helio Resource Corp: * Shanta terminates arrangement agreement * ‍Shanta cites changes to mining law introduced by President of Tanzania on July 10 as basis for termination​ * ‍Received notice from Shanta Gold that Shanta has terminated arrangement agreement previously announced on June 20, 2017​ Source text for Eikon: Further company coverage: Source link #USA #News #USnews #worldnews #headlinenews #Breakingnews #weathernews #UnitedStates news #CanadianNews #weatherforecast top news #stories, #hourlyweather #Reuters

U.S. money market assets increased in latest week: iMoneyNet – world news headlines from reuters

NEW YORK (Reuters) – U.S. money market fund assets increased by $14.51 billion to $2.673 trillion in the week ended Aug 15, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $14.86 billion to $2.543 trillion, while tax-free assets decreased by $355.40 million to $130.37 billion, according to the report, published by iMoneyNet. The iMoneyNet Money Fund Average 7-Day Simple Yield for All Taxable money-market funds increased to 0.67 percent from 0.66 percent the week before while the iMoneyNet Money Fund Average 7-Day Simple YieldRead More

Sonova plays catch up with Danish rivals on hearing-aid tech – world news headlines from reuters

ZURICH (Reuters) – Sonova on Thursday launched a new hearing aid microchip capable of streaming audio directly from wireless mobile devices as the Swiss company aims to close the gap to Danish competitors that pioneered similar technology years ago. Sonova, the world’s biggest hearing aid maker, was criticized for missing an opportunity with tech-savvy Baby Boomers when rival GN Store Nord introduced direct-streaming hearing aids for Apple devices in 2014. Sonova now aims to compete on that turf with a 2.4 GHz chip that enables direct streaming from not justRead More