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Firm loses compensation claim vs. Norway for spy recruitment

The Associated Press  |  Posted Feb 18th - 6:39am

A Norwegian concrete company on Tuesday lost its compensation case against its home country, claiming it suffered financial losses after Norway's intelligence services tried to recruit two of its employees working in Russia.

India builds wall along slum ahead of Trump visit

Ajit Solanki, Associated Press  |  Posted Feb 18th - 5:52am

A half-kilometer (1,640-foot) brick wall has been hastily erected in India's Gujarat state ahead of a visit by U.S. President Donald Trump, with critics saying it was built to block the view of a slum area inhabited by more than 2,000 people.

Lewis Capaldi, Dave among front-runners for UK's Brit Awards

The Associated Press  |  Posted Feb 18th - 5:49am

Singer-songwriter Lewis Capaldi and rapper Dave lead the nominations for the U.K. music industry’s Brit Awards, which faced criticism for the lack of female artists nominated for the high-profile prizes.

Greece: Ferries, urban transport halted by strikes, protests

The Associated Press  |  Posted Feb 18th - 5:38am

A 24-hour strike in Greece halted ferries, public transport, and municipal services in Athens and other parts of the country Tuesday as unions mounted protests against pension reforms by the center-right government.

UK PM Johnson and estranged wife reach financial settlement

The Associated Press  |  Posted Feb 18th - 5:18am

British Prime Minister Boris Johnson and his estranged wife Marina Wheeler have reached a financial agreement for their divorce, court records showed Tuesday.

Homeland Security waives contracting laws for border wall

Elliot Spagat, Associated Press  |  Posted Feb 18th - 5:00am

The Trump administration said Tuesday that it will waive federal contracting laws to speed construction of a wall at the U.S.-Mexico border.

Dutch lawmakers to vote on EU-Canada free trade deal

Mike Corder, Associated Press  |  Posted Feb 18th - 4:44am

Dutch lawmakers are holding a knife-edge vote Tuesday on a free trade deal between the European Union and Canada, with Prime Minister Mark Rutte struggling to command a majority.

China virus outbreak chilling recovery for Asian economies

Elaine Kurtenbach, Associated Press  |  Posted Feb 18th - 4:38am

The virus outbreak in China has put South Korea's economy into an "emergency situation," its president says. Japan is on the brink of recession and big manufacturers are forecasting a whole world of woe.

A rare miss for Walmart to end the year

Anne D'Innocenzio, Associated Press  |  Posted Feb 18th - 4:27am

Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season.

Indian police open case against Kashmir social media users

Sheikh Saaliq, Associated Press  |  Posted Feb 18th - 3:55am

Authorities in Indian-controlled Kashmir have registered a case against unidentified internet users who employed virtual private networks, or VPNs, to circumvent a social media ban in the disputed region, police said Tuesday, in an apparent effort to stop their use.

HSBC cuts headcount by 35,000 in deep overhaul

Danica Kirka and Elaine Kurtenbach, Associated Press  |  Posted Feb 18th - 3:48am

Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus.

Farmers block highways in Spain to protest low food prices

Alicia LeÓn, Associated Press  |  Posted Feb 18th - 3:41am

Farmers in fluorescent yellow vests blocked highways in southwestern Spain with tractors and other vehicles Tuesday in the latest mass protest over what they say are plummeting incomes for agricultural workers.

Italian bank Intesa SanPaolo offers to buy smaller rival

The Associated Press  |  Posted Feb 18th - 3:26am

Italian bank Intesa SanPaolo announced Tuesday a 4.9 billion-euro ($5.3 billion) takeover offer for smaller rival UBI Banca - an unexpected move, even if experts have long called for consolidation in the sector.

EU puts Cayman Islands, others on tax blacklist

The Associated Press  |  Posted Feb 18th - 3:06am

The European Union has added four countries and jurisdictions to its blacklist of tax havens , including the British overseas territory Cayman Islands.

Court reinstates order for Russia to pay $50 bln over Yukos

Mike Corder, Associated Press  |  Posted Feb 18th - 2:40am

In a major legal defeat for the Russian government, a Dutch appeals court on Tuesday reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos.

Dutch appeals court reinstates order for Russia to pay $50 billion compensation award to Yukos shareholders.

The Associated Press  |  Posted Feb 18th - 2:34am

Dutch appeals court reinstates order for Russia to pay $50 billion compensation award to Yukos shareholders.

Update on the latest in business:

The Associated Press  |  Posted Feb 18th - 1:35am

Shares slipped in Asia today as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show.

Death toll from toxic gas leak rises to 14 in Pakistan

Adil Jawad, Associated Press  |  Posted Feb 18th - 12:50am

A gas leak in the southern port city of Karachi has killed 14 people and sickened hundreds more, Pakistani health officials said Tuesday.

Shares fall in Asia as virus outbreak hits profits, events

Elaine Kurtenbach, Associated Press  |  Posted Feb 17th - 11:56pm

Shares slipped in Asia on Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to postpone or cancel major events including the Beijing auto show.