Reuters - Morning Digest

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Thursday, January 31, 2019

European powers launch mechanism for trade with Iran

France, Germany and Britain have set up a European mechanism for non-dollar trade with Iran to avert U.S. sanctions, although diplomats acknowledged it is unlikely to yield big commercial transactions Tehran says it needs to keep a nuclear deal afloat.

A flood of profit warnings from Chinese firms as slowdown bites

Hundreds of listed Chinese companies - from hog farmers struggling to buy pig feed, to glassware makers unable to collect receivables - flagged big losses for 2018, victim to a slowing economy and Beijing's deleveraging.

China's Bytedance staff say bonuses clipped by slowdown, competition

Beijing Bytedance Technology Co, which owns short-video platform Tik Tok, has cut back holiday bonus payments ahead of the Chinese New Year, according to employees, amid a wider slowdown that has taken a bite out of the country's tech firms.

Russian rocket glitch to delay satellite launch for U.S. startup OneWeb

The launch of a Russian Soyuz rocket set to carry satellites into space for U.S startup OneWeb has been delayed after an anomaly was discovered on the rocket, company chairman Greg Wyler said on Thursday.

Athletics: Coe to stand for second term as IAAF chief

Former Olympic champion Sebastian Coe on Thursday all but confirmed that he would run for a second term as President of the International Association of Athletics Federations (IAAF) at the global governing body's congress in September.

Jay-Z wins fight for African-American arbitrators in trademark case

Jay-Z has agreed to privately arbitrate a trademark and contract dispute with clothing company Iconix Brand Group Inc, his lawyers said on Wednesday, after enough African-American arbitrators became eligible to handle the case.

Pungent 'J-Queen' durians sell for $1,000 in Indonesia

An Indonesian variety of the durian - a pungent, spiky fruit considered a delicacy across many parts of Asia -- has been sold in a store on the island of Java for a hefty $1,000 per fruit.