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UK’s John Lewis eyes end of 100% staff ownership – The Sunday Times

(Reuters) -British retailer John Lewis, which has been 100% owned by its staff, is considering diluting its partnership structure, The Sunday Times reported on Saturday. The report said that the company would consider selling only a minority stake and its priority would be to maintain majority employee ownership. Chairperson Sharon White is in the early …

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Magnitude 6.8 earthquake shakes Ecuador, at least 14 deaths reported

By Alexandra Valencia QUITO (Reuters) -At least 14 people were killed in a strong earthquake that shook a coastal region of Ecuador and northern Peru on Saturday, causing structural damage to multiple homes, schools and medical centers. The quake, which the U.S. Geological Survey (USGS) measured at magnitude 6.8, struck at a depth of 66.4 …

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Plunging bond yields boost stocks’ allure ahead of Fed meeting

By Lewis Krauskopf and David Randall NEW YORK (Reuters) -Whipsawed U.S. stocks have gained an unexpected ally in recent days – a historic plunge in bond yields. U.S. government bond yields fell steeply this week, with some durations marking their biggest drops in decades, as investors bet the Federal Reserve would likely curb its aggressive …

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North Korea fires ballistic missile as US-South Korean drills go on

By Hyunsu Yim SEOUL (Reuters) -North Korea fired a short-range ballistic missile towards the sea off the east coast of the Korean Peninsula on Sunday, South Korea and Japan said, in the latest of a series of tests carried out by the nuclear-armed state since the start of this year. The missile, launched from the …

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PM Modi: India’s economic, banking systems are strong

(This March 18 story has been refiled to fix the spelling of economic in the headline) NEW DELHI (Reuters) – India’s economic and banking system are strong even amid the turmoil currently rocking global markets, Prime Minister Narendra Modi said on Saturday. “Amidst a global crisis, today India’s economic system is strong, the banking system …

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UK interior minister visits Rwanda to expand deportation plan

By Philbert Girinema KIGALI (Reuters) -British interior minister Suella Braverman visited Rwanda on Saturday to expand a deal under which the east African country will accept migrants who arrive in Britain without permission, if British courts confirm that the proposals are legal. Britain’s government wants to send thousands of migrants more than 4,000 miles away …

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UBS seeks $6 billion in govt guarantees for Credit Suisse takeover -source

By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) -UBS AG is asking the Swiss government to cover about $6 billion in costs if it were to buy Credit Suisse, a person with knowledge of the talks said, as the two sides raced to hammer together a deal to restore confidence in the ailing Swiss …

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Pakistan’s ex-PM Imran Khan marks court presence as supporters clash with police

By Ariba Shahid and Akhtar Soomro ISLAMABAD (Reuters) -Pakistan’s former Prime Minister Imran Khan officially marked his presence in court in the country’s capital on Saturday, his aide said, complying with judicial orders after a standoff with police that has led to intense clashes with his supporters. Local media Geo TV reported that the trial …

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Nigeria counts votes in elections to choose new state governors

By MacDonald Dzirutwe LAGOS (Reuters) -Nigeria’s election officials counted ballots after polls closed on Saturday in a delayed vote to pick new state governors, amid reports of scattered violence and voter intimidation, including in Lagos, where a tight race was expected. Polls began closing from 1330 GMT and counting immediately followed, but time was extended …

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Malawians search for relatives buried under the mud as death toll jumps

BLANTYRE (Reuters) -In Malawi, where floods swept away entire villages this month after a storm tore through its southern districts, police officers and soldiers on Friday dug for victims buried under the mud and rocks as the death toll rose sharply. The storm has pounded the southern African country as tropical Cyclone Freddy swept through …

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