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Eve-of-Davos survey shows people place trust in companies over governments

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DAVOS, Switzerland (Reuters) – People around the world place much more trust in their companies than their political leaders, according to a major survey that suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos. A person passes by a World Economic Forum logo in Davos, Switzerland, January Read More

170 migrants feared dead in Mediterranean sinkings

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Up to 170 migrants are feared dead after two accidents in which dinghies sank in the Mediterranean after leaving North Africa for Europe. One of the vessels capsized off Libya after departing the country on Thursday, prompting the Italian navy to stage a rescue operation. But Flavio Di Giacomo, a spokesman for the International Organisation Read More

Unscrupulous reporting: BuzzFeed’s ‘Russiagate’ stories were constant source of controversy

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BuzzFeed’s credibility has been seemingly dented by Special Counsel Robert Mueller’s recent dismissal of one of its ‘Russiagate’ stories. However, it is not the first time its stories on Russia raised flags or were proven false. The New York-based news outlet has been holding nothing back over the recent years as it diligently pressed the Read More

Hitachi freezes UK nuclear project as Brexit crisis deepens

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TOKYO/LONDON (Reuters) – Japan’s Hitachi Ltd (6501.T) decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Wales as Britain scrabbles for a way to exit the European Union, dealing a blow to UK plans for the replacement of aging plants. FILE PHOTO: A logo of Hitachi Ltd. is pictured Read More

Hitachi freezes British nuclear project, books $2.8 billion hit

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TOKYO (Reuters) – Japan’s Hitachi Ltd (6501.T) said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a writedown of 300 billion yen. FILE PHOTO: A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at Read More

Russian nuclear firm wins contracts to clean up Fukushima

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Russian state nuclear corporation Rosatom will help Japan in handling the crippled Fukushima nuclear power plant (NPP) and will be engaged in the nuclear control plan, according to the company’s CEO Aleksey Likhachev. “We have been engaged by Japan to implement the nuclear accident management plan at the Fukushima NPP. We have won two tenders Read More

Hapless police vehicle captured on VIDEO damaging iconic Arc de Triomphe in Paris

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French riot police were armed to the teeth to implement a “zero-tolerance” policy on violence at Yellow Vest protests in Paris, but it turned out to be their own vehicle that did the damage at one of the capital’s iconic sites. A video that was leaked online on Monday shows a heavily armored vehicle of Read More

21 miners die as coal mine roof collapses in China

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Twenty-one coal miners have been killed after the roof of a coal mine collapsed in northern China. A total of 87 workers were underground in the Shaanxi province mine at the time of the accident on Saturday afternoon, the official news agency Xinhua reported. Sixty-six of those have been safely evacuated, the city government said. Read More

Oops! Japanese govt. says sorry for $0.5bn in unpaid benefits

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The Japanese government is red-faced after discovering that, for over a decade, it has not been paying proper benefits because its labor ministry cut corners while collecting job data. Its 2019 budget could now be amended. At a news conference on Friday, Japan’s Labor Minister Takumi Nemoto offered a humble apology for the use of Read More

Italy judge acquits Autostrade CEO in 2013 motorway accident case

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FILE PHOTO: Autostrade per l’Italia Chief Executive Giovanni Castellucci speaks at a news conference about the collapsed Morandi Bridge in Genoa, Italy August 18, 2018. REUTERS/Massimo Pinca MILAN/ROME (Reuters) – An Italian judge on Friday acquitted Autostrade per l’Italia CEO Giovanni Castellucci in a case regarding a 2013 accident that killed 40 people on a Read More