Monday, 3 September 2018

On Labor Day, Trump hits back at largest union leader

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On Labor Day, Trump hits back at largest union leader

U.S. President Donald Trump on Labor Day hit back at Richard Trumka, president of the United States' largest federation of labor unions, after Trumka said on Sunday that the president's policies had hurt American workers.

Russia's VTB bank apologizes for CEO who called UK's Boris Johnson a 'jerk'

Russian state bank VTB apologized for its CEO Andrey Kostin who made what it called an "emotional comment" on Monday when he described former British foreign minister Boris Johnson as a "jerk".

Oil prices higher as U.S. sanctions limit Iran exports

Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States.

SocGen expects around $1.4 billion in U.S. sanctions penalties

France's Societe Generale expects penalties relating to its dispute with U.S. authorities over international sanctions violations to be close to 1.2 billion euros ($1.4 billion) which would almost entirely be covered by provisions.

World stocks slip for third day as trade, emerging market worries bite

Global stock markets fell for a third straight day on Monday, hurt by worries over the escalation of trade disputes between world powers and a deepening sell-off across emerging market currencies.

Danone CEO to sit on Carrefour's healthy food advisory committee

Carrefour , Europe's largest retailer, said on Monday that the head of yogurt maker Danone will sit on a food advisory committee the supermarket group is setting up as it seeks to boost sales of organic products.

Retailer TFG's London business may face hit from House of Fraser collapse

South African clothing and homeware retailer The Foschini Group (TFG) said on Monday its London business would be likely to incur some bad debt write-offs as a result of the collapse of House of Fraser.

Britain's TSB hit by another IT glitch, angering some customers

Britain's TSB was hit by another technology glitch on Monday, the latest since a botched IT upgrade in April resulted in one of the country's worst banking outages.

JD.com CEO returns to China after arrest in U.S. sexual misconduct case

The CEO of JD.com Inc , Richard Liu, has returned to China, the Chinese e-commerce giant said on Monday, days after he was arrested by police in the U.S. city of Minneapolis on suspicion of criminal sexual conduct and later released.

JD.com CEO returns to China after arrest in U.S. sexual misconduct case

The CEO of JD.com Inc , Richard Liu, has returned to China, the Chinese e-commerce giant said on Monday, days after he was arrested by police in the U.S. city of Minneapolis on suspicion of criminal sexual conduct and later released.

Lawyer for JD.com CEO says does not expect charges to be brought

A lawyer for JD.com Inc CEO Richard Liu, who was arrested on suspicion of criminal sexual misconduct in the U.S. state of Minnesota and later released, said on Monday that Liu denies any wrongdoing, and also said he does not expect charges to be brought against his client.

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