Hong Kong police chief calls for peace ahead of big protest march

HONG KONG (REUTERS) – Hong Kong’s police chief has urged citizens to demonstrate peacefully ahead of what is expected to be a large-scale pro-democracy march on Sunday (Dec 8), an event planned amid a lull in violence in the Chinese-ruled city. Police on Thursday gave a rare green light to the demonstration, organised by the Civil Human Rights Front, the […]

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California puts one-year halt on insurers dropping customers in wildfire-prone areas

(Reuters) – California on Thursday ordered a one-year halt on insurance companies dropping customers in wildfire-prone areas at a time when state insurers are trying to limit spiraling costs from climate change. The moratorium, the first of its kind in the state, affects about 800,000 homeowners in areas hit by 2019 wildfires. State Insurance Commissioner Ricardo Lara also asked insurers […]

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Top stories from The Straits Times on Friday, Dec 6

Good morning! Here are our top stories to kick-start your Friday, Dec 6. All town councils including AHTC submitted clean financial statements; MND asks why Sylvia Lim, Low Thia Khiang remain involved in financial matters The Ministry of National Development has asked the Aljunied-Hougang Town Council why it did not require Workers’ Party MPs Sylvia Lim and Low Thia Khiang […]

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OPEC, allies agree to deepen oil output cuts

VIENNA/LONDON (Reuters) – Oil producers led by Saudi Arabia and Russia agreed on Thursday to cut output by an extra 500,000 barrels a day in the first quarter of 2020 but stopped short of pledging action beyond March. The countries involved pump over 40% of the world’s oil, and their new combined cuts amount to 1.7 million bpd or 1.7% […]

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OPEC, allies agree to deepen oil output cuts

VIENNA/LONDON (Reuters) – Oil producers led by Saudi Arabia and Russia agreed on Thursday to cut output by an extra 500,000 barrels a day for the final three months of their deal to curb supply but stopped short of pledging action beyond next March. The countries involved pump over 40% of the world’s oil, and their new combined cuts amount […]

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Former Iconix Brand CEO charged with accounting fraud in U.S.

NEW YORK (Reuters) – Iconix Brand Group Inc (ICON.O) founder and former Chief Executive Officer Neil Cole has been charged with accounting fraud, while the former chief operating officer has pleaded guilty to related charges and is cooperating with authorities, federal prosecutors announced Thursday. The former executives inflated the apparel licensing company’s revenue by convincing a Hong Kong-based company to […]

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UN says 13 people reportedly killed by typhoon Kammuri in Philippines

UNITED NATIONS (AP) – UN humanitarian officials say typhoon Kammuri reportedly killed 13 people and displaced nearly 400,000 others as it crossed the Philippines with fierce winds and rain this week. U.N. spokesman Stephane Dujarric said on Thursday (Dec 5) that the humanitarian experts also reported that more than 1,000 houses were destroyed and thousands more damaged. Kammuri toppled trees […]

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Oil flat as OPEC signals deeper output cuts, condensate exclusion weighs

NEW YORK (Reuters) – Oil futures were little changed on Thursday, supported by expectations that OPEC will deepen output curbs but pressured by the prospect that gas condensate will be excluded from cuts for non-member producers. Brent crude LCOc1 futures gained 7 cents to $63.07 a barrel by 12:51 p.m. EST (1751 GMT). West Texas Intermediate (WTI) crude CLc1 futures […]

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Azmin Ali opens PKR wings meeting with calls for unity

MELAKA – Just a day after a peace deal between two warring factions in Parti Keadilan Rakyat (PKR), a video was played at its national congress Thursday (Dec 6) night, crediting deputy president Azmin Ali for the ruling coalition Pakatan Harapan’s win at Malaysia’s general election last year. The video also hailed him as the peacemaker and broker of PKR’s […]

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