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Tokyo court says extends detention of Nissan’s Ghosn until Jan 11

TOKYO (Reuters) - The Tokyo District Court said on Monday it has extended the detention of ousted Nissan Motor Co chairman Carlos Ghosn by 10 days until Jan. 11. Ghosn, accused of aggravated breach of trust, is facing allegations of making the car maker shoulder 1.85 billion yen ($16.8 million) in personal investment losses. The latest extension will see Ghosn remain in Tokyo’s main detention center, where he has been confined since his first arrest on Nov. 19 on allegations of financial misconduct. Since then, he has been re-arrested twice over the latest allegations and on claims that he underreported his Nissan salary for a prolonged period.…

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Russia detains American in Moscow over suspected spying

FILE PHOTO: A flag flies behind an enclosure on the territory of the U.S. embassy in Moscow, Russia March 28, 2018. REUTERS/Tatyana Makeyeva/File PhotoMOSCOW (Reuters) - Russia’s domestic security service (FSB) said on Monday it had detained an American citizen suspected of spying in Moscow. The FSB, which said the American had been detained on December 28, said in a statement that a criminal case had been opened against him. It did not provide any detail about the nature of the alleged espionage. The U.S. Embassy in Moscow could not immediately be reached for comment. Russia’s relations with the United States have soured since Moscow annexed the…

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Bangladesh election commissioner rejects call for fresh election

DHAKA (Reuters) - Bangladesh’s chief election commissioner rejected on Monday an opposition demand for a fresh election, after widespread opposition complaints that vote rigging handed Prime Minister Sheikh Hasina’s ruling party victory. “It is not possible to hold a fresh election as the election was held in a peaceful manner,” the commissioner, K M Nurul Huda, told reporters. Hasina has won a third straight term in the Sunday general election, sealing a landslide with almost all the seats in parliament, while the opposition rejected the result as rigged and called for a fresh vote. Reporting By Serajul Quadir; Editing by Robert BirselOur Standards:The Thomson Reuters Trust Principles.

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Stocks pin hopes on U.S.-China trade talks after brutal year

LONDON (Reuters) - World share and commodity prices rose on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glimmer of optimism in what has been a punishing end of year for markets globally. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleEurope’s STOXX 600 followed Asia’s overnight lead to push 0.3 percent higher as traders made a lacklustre effort to gloss over the worst year for equities .MIWD00000PUS since the 2008 financial crisis. Survey data out of China, however, proved mixed with manufacturing activity contracting for the first time in…

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China factory activity shrinks for first time in over two years, 2019 looks tougher

BEIJING (Reuters) - China’s factory activity contracted for the first time in over two years in December, highlighting the challenges facing Beijing as it seeks to end a bruising trade war with Washington and reduce the risk of a sharper economic slowdown in 2019. FILE PHOTO: Employees work on a production line manufacturing light trucks at a JAC Motors plant in Weifang, Shandong province, China November 30, 2018. REUTERS/Stringer/File PhotoThe increasing strain on factories signals a continued loss of momentum in China, adding to worries about softening global growth, especially if the Sino-U.S. dispute drags on. Trade frictions are already disrupting global supply chains, fuelling concerns of…

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Russian apartment block blast kills three, dozens missing: agencies

Emergency personnel work at the site of collapsed apartment building after a suspected gas blast in Magnitogorsk, Russia December 31, 2018. Minister of Civil Defence, Emergencies and Disaster Relief/Handout via REUTERS. MOSCOW (Reuters) - Russian rescuers were on Monday searching for people still trapped under the rubble of a city apartment block that partly collapsed in a suspected gas blast, killing at least three, RIA said. Russia’s emergencies ministry told the news agency that four people had been recovered alive from the nine-storey building in Magnitogorsk, an industrial city some 1,700 km (1,050 miles) east of Moscow in the southern Urals. News agency TASS said 79 people…

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Ebola-hit Congolese town stages mock vote to protest at ban

BENI, Democratic Republic of Congo (Reuters) - Residents of an Ebola hotspot in eastern Congo staged a mock presidential election on Sunday to show the authorities a decision to postpone the vote there due to health fears was unfounded. Hundreds waited in line in Beni, an opposition stronghold, to get fake voter IDs stamped by men dressed as election officials. They then cast their votes in improvised urns and showed off ink-stained index fingers to prove they participated - just like people across the country voting for real. Hand-washing stations were set up to minimize the contagion risk from the six-month Ebola outbreak, which is the second-worst…

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Stocks pin hopes on Sino-U.S. talk, as year ends deep in the red

SYDNEY (Reuters) - Asian stocks rose on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glimmer of optimism in what has been a rough year-end for equities globally. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato/File PhotoSurvey data out of China, however, proved unhelpfully mixed with manufacturing activity contracting for the first time in two years even as the service sector improved. Sentiment had brightened just a touch when U.S. President Donald Trump said he held a “very good call” with China’s President Xi Jinping on Saturday to discuss trade and…

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Bangladesh PM Hasina wins third straight term despite vote-rigging claims

DHAKA (Reuters) - Prime Minister Sheikh Hasina’s alliance won Bangladesh’s election with a thumping majority, the country’s Election Commission said on Monday, giving her a third straight term following a vote that the opposition rejected as rigged. Prime Minister Sheikh Hasina gestures after casting her vote in the morning during the general election in Dhaka, Bangladesh, December 30, 2018. Bangladesh Sangbad Sangstha/Handout via REUTERS The win consolidated Hasina’s decade-long rule over Bangladesh, where she is credited with improving the economy and promoting development but has also been accused of rampant human rights abuses, a crackdown on the media and suppressing dissent. She denies such charges. The alliance…

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China factory activity shrinks for first time in over 2 years, 2019 looks tougher

BEIJING (Reuters) - China’s factory activity contracted in December for the first time in over two years, highlighting the struggles facing Beijing as it seeks to end a bruising trade war with Washington and reduce the risk of a sharper economic slowdown in 2019. FILE PHOTO: Employees work on a production line manufacturing light trucks at a JAC Motors plant in Weifang, Shandong province, China November 30, 2018. REUTERS/Stringer/File PhotoThe increasing strain on factories signals a continued loss of momentum in China, adding to worries about softer global growth, especially if the Sino-U.S. dispute persists. Trade frictions are already disrupting global supply chains, fuelling concerns of a…

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