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Exclusive: Deutsche Bank’s problem derivatives cloud recovery – sources

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NEW YORK (Reuters) – Deutsche Bank AG’s (DBKGn.DE) turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year. People walk past a Deutsche Bank office in London, Read More

Israeli forces laugh and cheer as they blow up West Bank building

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Israeli police and military were filmed laughing and cheering as they blew up a Palestinian building in the West Bank district of Wadi Hummus in East Jerusalem on Monday. The footage shows three men looking down on the area where Israel began demolition of 13 buildings, after a High Court ruled against an appeal to Read More

Post-apocalypse US: Russian fan turns iconic ‘Electric State’ comic into movie before Hollywood

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‘Electric State’ the movie, based on the breathtaking artwork of Swedish illustrator Simon Stalenhag, has at last been confirmed. And one Russian artist has already provided a glimpse of how the post-apocalyptic flick might look. Gigantic futuristic structures and carcasses of massive battle robots seamlessly embedded into images of rural America – those were the Read More

‘Grave aggression’: Israel begins demolition of residential buildings in the West Bank

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Israel has started demolishing 13 residential buildings in East Jerusalem’s Wadi Hummus for being too close to the separation barrier, even though the area falls under the Palestinian Authority’s administration. Israel Defense Force soldiers were seen placing explosives in a building set for demolition after they arrived before dawn. Public Security Minister Gilad Erdan said Read More

Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract

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WASHINGTON (Reuters) – Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Defense Department. FILE PHOTO: House Armed Services Committee Chairman Mac Thornberry (R-CA) chairs a committee Read More

Judge rules against hedge funds that challenged 2016 Jarden deal

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WILMINGTON, Del. (Reuters) – A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc’s (NWL.O) 2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal. Vice Chancellor Joseph Slights of the Court of Chancery found that Read More

Ukrainian court denies bail to Russian journalist slated for prisoner exchange by President Zelensky

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A Russian-Ukrainian journalist accused of state treason by Kiev has been denied bail by a Ukrainian court. Earlier Ukraine’s president suggested exchanging the man for a Ukrainian activist convicted for terrorism in Russia. A Kiev court on Friday ordered to keep journalist Kirill Vyshynsky, the head of RIA Novosti Ukraine, in jail until September 19. Read More

Bayer welcomes judge’s call for new trial in $2 billion glyphosate case

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FILE PHOTO: The logo of Bayer AG is pictured at the facade of the historic headquarters of the German pharmaceutical and chemical maker in Leverkusen, Germany, May 14, 2019. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – Germany’s Bayer AG on Friday welcomed a conditional ruling by a U.S. judge calling for a retrial of the case Read More

Trump EPA allows use of controversial pesticide

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(Reuters) – The Environmental Protection Agency on Thursday said it will not ban the use of the pesticide chlorpyrifos, which has been linked to health issues in children, from use on U.S.-grown fruits and vegetables. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA headquarters in Washington, U.S., Read More

‘Irreparable wounds to relations’: Turkey calls on US to rectify ‘mistake’ of F-35 cut-off

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Turkey has blasted the US decision to kick it out of the F-35 fighter jet program, in response to Ankara buying Russian S-400 air defense systems, as a mistake that will cause permanent damage to the US-Turkish relations. “This unilateral step is incompatible with the spirit of alliance and does not rely on any legitimate Read More