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Maharashtra shuts most manufacturing, restricts e-commerce to fight COVID-19
Business

Maharashtra shuts most manufacturing, restricts e-commerce to fight COVID-19

By Rajendra Jadhav MUMBAI (Reuters) - India's richest state Maharashtra will impose stringent curbs on industry and e-commerce for 15 days to slow rising coronavirus infections, its chief minister said on Tuesday, a move that is set to cripple manufacturing and other businesses in the region. Maharashtra - home to India's financial capital Mumbai - has been the country's worst hit state due to the coronavirus, accounting for about a quarter of India's 13.5 million cases. On Tuesday, Maharashtra reported 60,212 new COVID-19 infections.

Caribbean island tackles water, food shortages after volcano eruption
World

Caribbean island tackles water, food shortages after volcano eruption

By Robertson S. Henry and Kate Chappell KINGSTOWN, Saint Vincent and the Grenadines (Reuters) - The tiny eastern Caribbean island of Saint Vincent was rocked by a fifth day of eruptions from the La Soufriere volcano on Tuesday as leaders warned of shortages of water and the potential need for hundreds of millions of dollars to rebuild.

Mexican Netflix street vendor star 'Lady Tacos' eyes jump to political stage
World

Mexican Netflix street vendor star 'Lady Tacos' eyes jump to political stage

By Noe Torres MEXICO CITY (Reuters) - After Mexico City's 'Lady Tacos de Canasta,' a street vendor featured in a Netflix series, stood up to police who she said harassed her on the street, she decided to take her fight for worker and LGBT rights to a bigger stage. The 36-year-old, who goes by the name of Marven and identifies as Mexico's 'muxe' third-gender, is now running for Mexico City's congress, one of a bevy of newcomer candidates in midterm elections in June that will be one of the biggest in Mexico's history

Venezuela government wants to use funds frozen in the U.S. to pay for vaccines
World

Venezuela government wants to use funds frozen in the U.S. to pay for vaccines

CARACAS (Reuters) - Venezuela's government wants funds frozen in the United States to be put toward paying for coronavirus vaccines and will keep working with the opposition to negotiate this payment, the head of the government-controlled legislature said on Tuesday. Allies of opposition leader Juan Guaido have for months been in talks with state officials to buy vaccines through the COVAX program using funds frozen by the U.S. Treasury as part of sanctions against the government of President Nicolas Maduro

Britain to withdraw nearly all its troops from Afghanistan - The Times
World

Britain to withdraw nearly all its troops from Afghanistan - The Times

(Reuters) - Britain will withdraw nearly all its troops from Afghanistan following the U.S. plan to withdraw its troops by Sept. 11, 2021, The Times reported on Tuesday.

Biden set to withdraw U.S. troops from Afghanistan by Sept. 11
World

Biden set to withdraw U.S. troops from Afghanistan by Sept. 11

By Phil Stewart, Idrees Ali and Steve Holland WASHINGTON (Reuters) -President Joe Biden plans to withdraw the remaining 2,500 U.S. troops from Afghanistan by Sept. 11, 2021, 20 years to the day after the al Qaeda attacks that triggered America's longest war, U.S

Former Pentagon chief says U.S. should deploy troops along Black Sea
World

Former Pentagon chief says U.S. should deploy troops along Black Sea

By Mike Stone WASHINGTON (Reuters) - Former Secretary of Defense Mark Esper says the United States should deploy more troops along the Black Sea in Bulgaria and Romania to deter potential aggression from Russia as tensions between Moscow and Washington heat up. Esper, now a fellow at the McCain Institute for International Leadership at Arizona State University, said "I think we need to continue to stand up to Russia and trying to deter their bad behavior." Washington should look to reassure European allies and boost the NATO alliance by deploying more forces in Poland, "into the Baltics, if it makes sense, and places like Romania and Bulgaria, if not on a permanent - on a rotational basis," Esper said in an interview with Reuters on Tuesday. President Joe Biden called on Russian President Vladimir Putin on Tuesday to reduce tensions stirred by a Russian military build-up on Ukraine's border and proposed a summit of the estranged leaders to tackle a raft of disputes

U.S. pauses use of J&J vaccine over rare blood clots, rollout delayed in Europe
Business

U.S. pauses use of J&J vaccine over rare blood clots, rollout delayed in Europe

By Michael Erman and Manas Mishra (Reuters) -U.S. federal health agencies on Tuesday recommended pausing use of Johnson & Johnson's COVID-19 vaccine for at least a few days after six women under age 50 developed rare blood clots after receiving the shot, dealing a fresh setback to efforts to tackle the pandemic. Johnson & Johnson said it would delay rollout of the vaccine to Europe, a week after regulators there said they were reviewing rare blood clots in four recipients of the shot in the United States

Facebook oversight board widens scope to rule on content left up on platform
Business

Facebook oversight board widens scope to rule on content left up on platform

By Elizabeth Culliford (Reuters) - Facebook users will now be able to ask the company's independent oversight board to rule on content that has been left up on the platform, not just content that has been taken down, in a key expansion of the panel's scope. Facebook Inc created the board in response to criticism of its handling of problematic content, but researchers and civil rights groups have faulted it for its limited remit. Before this change, Facebook and Instagram users who had exhausted the appeals process could send cases of removed content to the board - but only the company itself could ask the board to review content left up on the platforms.

Oil rises 1% after robust China data but J&J vaccine pause weighs
Business

Oil rises 1% after robust China data but J&J vaccine pause weighs

By Jessica Resnick-Ault NEW YORK (Reuters) - Oil prices rose about 1% on Tuesday on strong Chinese import data, but the rally was capped by concerns that pauses on the Johnson & Johnson vaccine could delay economic recovery and limit oil demand growth.

Toshiba CEO to step down as board meets Wednesday to consider his future - source
Business

Toshiba CEO to step down as board meets Wednesday to consider his future - source

By Makiko Yamazaki, Noriyuki Hirata and Junko Fujita TOKYO (Reuters) - Toshiba Corp Chief Executive Nobuaki Kurumatani plans to step down as other board members consider his future at the industrial conglomerate amid controversy over a $20 billion buyout bid from his former employer, CVC Capital Partners, a source with knowledge of his decision said. Kurumatani, who has run the company for three years, faces a board meeting on Wednesday that will consider removing him, according to the source and another one with knowledge of the discussion. Local media said company Chairman Satoshi Tsunakawa was a possible successor

Apple backs far-reaching emissions disclosure rules
Business

Apple backs far-reaching emissions disclosure rules

By Ross Kerber (Reuters) - Apple Inc on Tuesday called for the U.S. Securities and Exchange Commission (SEC) to require companies to disclose emissions including from their "value chain," according to a Tweet from Apple Vice President Lisa Jackson

Stellar Louis Vuitton growth powers strong rebound at LVMH
Business

Stellar Louis Vuitton growth powers strong rebound at LVMH

PARIS (Reuters) - Surging sales at Louis Vuitton and Dior powered a strong rebound at French luxury group LVMH in the first part of 2021, as thriving demand in Asia and the United States offset the drag from new coronavirus lockdowns in much of Europe. Overall revenues at the conglomerate, owner of more than 70 brands ranging from Moet & Chandon champagne to Guerlain cosmetics, returned to growth in the first quarter at a much faster pace than expected by analysts. Restrictions to fight the COVID-19 pandemic hit major markets such as China hard a year ago, but luxury customers have begun buying more online, and across much of Asia, stores have been open since last spring, driving a sharp recovery

Credit Suisse identifies $2.3 billion of exposed assets in Greensill-linked funds
Business

Credit Suisse identifies $2.3 billion of exposed assets in Greensill-linked funds

By Brenna Hughes Neghaiwi and John Revill ZURICH (Reuters) - Credit Suisse has identified $2.3 billion worth of loans exposed to financial and litigation uncertainties in its Greensill-linked supply chain finance funds, it told investors on Tuesday. Switzerland's second-biggest bank has been reeling from its exposure to the collapse first of Greensill Capital and then Archegos Capital Management within a month. Its asset management unit was forced last month to shut $10 billion of supply chain finance funds that invested in bonds issued by Greensill after the UK firm lost credit insurance coverage shortly before filing for insolvency

U.S. consumer prices post biggest gain in 8-1/2 years as economy reopens
Business

U.S. consumer prices post biggest gain in 8-1/2 years as economy reopens

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose by the most in more than 8-1/2 years in March as increased vaccinations and massive fiscal stimulus unleashed pent-up demand, kicking off what most economists expect will be a brief period of higher inflation

U.S. pauses J&J COVID-19 vaccine over rare blood clots
Business

U.S. pauses J&J COVID-19 vaccine over rare blood clots

By Manas Mishra and Michael Erman (Reuters) - U.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson's COVID-19 vaccine for at least a few days after six women under 50 given the shot developed rare blood clots, dealing a fresh setback to efforts to tackle the pandemic.

Apple to hold special event on April 20
Business

Apple to hold special event on April 20

(Reuters) - Apple Inc said on Tuesday it was holding a special event on April 20, with many expecting the tech giant to launch new iPad Pro models and other products ahead of its annual developers' conference in June. Apple's cryptic invitation for the media did not give much away and read: "Spring Loaded." The event will be live-streamed on the company's website from its campus in Cupertino, California, it added. Earlier, Apple's virtual assistant Siri, which is known for stone walling curious Apple fans quizzing it about new products and upcoming events by directing them to the company's website, prematurely revealed the iPhone maker's plan to hold an event next Tuesday.

India, big vaccine exporter, now seeks imports as COVID-19 cases soar
Business

India, big vaccine exporter, now seeks imports as COVID-19 cases soar

By Alasdair Pal and Krishna N. Das NEW DELHI (Reuters) - India on Tuesday said it will fast-track emergency approvals for COVID-19 vaccines authorised by Western countries and Japan, paving the way for possible imports of Pfizer, Johnson & Johnson, and Moderna shots

U.S. pauses use of J&J COVID-19 vaccine over rare blood clots, rollout delayed in Europe
Business

U.S. pauses use of J&J COVID-19 vaccine over rare blood clots, rollout delayed in Europe

By Michael Erman and Manas Mishra (Reuters) - U.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson's COVID-19 vaccine for at least a few days after six women under age 50 developed rare blood clots after receiving the shot, dealing a fresh setback to efforts to tackle the pandemic. Johnson & Johnson (J&J) said it would delay rollout of the vaccine to Europe, a week after regulators there said they were reviewing rare blood clots in four recipients of the shot in the United States.

U.S., European firms, investors pile pressure on Biden to hike climate target
Business

U.S., European firms, investors pile pressure on Biden to hike climate target

By Kate Abnett BRUSSELS (Reuters) - Hundreds of U.S. and European companies and investors on Tuesday called on the United States to slash its greenhouse gas emissions at least 50% this decade, adding to mounting pressure on the Biden administration ahead of a climate summit next week. The world's biggest economy is expected to unveil its emissions-cutting target at a U.S.-hosted virtual gathering of global leaders on April 22 - a move that could spur other large emitters to make the steep emissions cuts needed to avoid catastrophic climate change.