News 

North Korea faces food crisis ahead of landmark summit

“North Korea has warned that it is facing a food shortfall of some 1.4 million tonnes this year, forcing the regime to almost halve rations” writes Nicola Smith for telegraph.co.uk. The harsh sanctions were imposed to pressure the North Koreans to dismantle their nuclear and ballistic missiles programmes and Washington believes that insufficient progress has been made to allow financial penalties to be lifted. Source: telegraph.co.uk

Read More
News 

No agreement on meaning of ‘denuclearization’ ahead of second US-North Korea summit

“Trump’s North Korea envoy, Stephen Biegun, and other officials are already on the ground in Vietnam, trying to hammer out the structure of a new agreement the two leaders can unveil” reports washingtonexaminer.com. The White House on Thursday released a fact sheet ahead of the second summit in Hanoi, Vietnam, Feb. 27 and 28, touting the commitment without noting that the two countries don’t actually agree on what that commitment means.American negotiators are still working with their North Korean counterparts to “advance” to a “shared understanding of what ‘denuclearization’ is,”…

Read More
News 

Henkel sees growth ahead after posting profit rise

“Henkel AG & Co KGaA (HEN.XE) said Thursday that its adjusted net profit for 2018 edged up and it expects further growth in the year ahead” writes Anthony Shevlin for marketwatch.com. Last year, Henkel raised its per-share dividend on preferred shares to EUR1.79 and for ordinary shares, Henkel raised the dividend to EUR1.77.The maker of Dial soap and Purex laundry detergent said adjusted net profit was 2.60 billion euros ($2.95 billion) compared with EUR2.53 billion the previous year. The company expects organic sales growth of between 2% and 4% for…

Read More
News 

A purge, a haircut and a very long train ride ahead of nuclear summit in Hanoi

“Kim Jong-un, the North Korean leader, is reported to have purged senior aides ahead of a landmark summit on nuclear weapons next week with Donald Trump, the US president, in the Vietnamese capital Hanoi” writes Michael Fabricant for telegraph.co.uk. The biggest rotation has been the removal of Choe Son Hui, the vice foreign minister who spearheaded nuclear talks ahead of the first summit between Mr Trump and Kim in Singapore in June, and her replacement with Kim Hyok Chol, a former ambassador to Spain. Source: telegraph.co.uk

Read More
News 

Ahead of Vatican summit, clergy abuse survivors demand transparency and accountability

“Do it to launch a new era of transparency,” Saviano said he told the summit committee in a letter and in person” writes Nicole Winfield for sun-sentinel.com. Jamaican survivor Denise Buchanan, who attended the organizing meeting, demanded to know why the Vatican wasn’t implementing zero-tolerance policies on sex abuse across the board.The survivors met for more than two hours with the Vatican’s lead sex abuse investigator and other members of the organizing committee for the four-day summit starting Thursday.Survivors of clergy sexual abuse met with organizers of a Vatican prevention…

Read More
News 

Asda sales slow ahead of verdict on Sainsbury’s merger

“Asda’s sales growth slowed over the crucial Christmas quarter as the supermarket waits for the outcome of a lengthy competition inquiry into its merger with rival Sainsbury’s” writes Ashley Armstrong for telegraph.co.uk. The Walmart-owned chain posted a 1pc rise in like-for-like sales for the three months to Dec 31 – the seventh consecutive quarter of positive growth.However, while the lift in sales demonstrates the extent of Asda’s turnaround from the 7.5pc sales tumble it posted in 2016 – the worst in its history – its rate of growth has slowed compared…

Read More
News 

Twitter launches political ad tracking tools in Europe ahead of key EU polls

“Twitter said its political campaigning ads policy, introduced during the U.S. midterm elections, will also be launched in India and Australia, both of which are also heading to the polls” writes Chris Ratcliffe for cnbc.com. “Our political campaigning ads policy is being expanded to cover #EUElections2019, providing the general public with an additional layer of insight into who is running a political campaign ad on Twitter,” the company said in a blog post.Twitter on Tuesday rolled out tools in Europe which will make it easier for voters to identify political…

Read More
Futures News 

Stock-index futures edge down ahead of latest U.S.-China trade talks

“Stock-index futures traded slightly lower Tuesday as U.S. investors return from a three-day weekend and ahead of another round of U.S.-China trade talks” writes Deputy Markets Editor for marketwatch.com. Gains last week were fueled in part by upbeat expectations surrounding U.S.-China trade negotiations.Futures on the Dow Jones Industrial Average YMH9, -0.24%  fell 44 points, or 0.2%, to 25,844, while S&P 500 futures ESH9, -0.28%  were off 5.85 points, or 0.2%, to 2,771.25.Nasdaq-100 futures NQH9, -0.25%  declined 14.25 points, or 0.2%, to 7,049.50. Source: marketwatch.com

Read More