Reuters - Morning Digest

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Friday, March 29, 2019

China's top banks warn of 'fragile' bad loans scenario as economy slows

China's top four state-controlled banks warned bad loans could rise and interest margins would shrink industry-wide, as three of them posted their weakest quarterly profit growth in more than two years.

Fire in Turkish capital kills five Afghan workers

Five Afghan workers were killed and eleven others were injured as a result of a fire in an abandoned three-story building in the Turkish capital Ankara early on Friday morning.

TUI warns on profit after 737 MAX grounding, shares plunge

TUI warned its profit would fall by at least 200 million euros ($225 million) this year after the grounding of Boeing's 737 MAX aircraft, further evidence of the financial impact of two fatal crashes involving the same type of plane.

China's top market regulator calls for crackdown on online ad content

China's top market regulator on Friday demanded online platforms police advertisements more closely, marking another effort from the government to clean up "illegal" web content.

India says space debris from anti-satellite test to 'vanish' in 45 days

India expects space debris from its anti-satellite weapons launch to burn out in less than 45 days, its top defense scientist said on Thursday, seeking to allay global concern about fragments hitting objects.

Trump overrides advisers, backs funding for Special Olympics after uproar

U.S. President Donald Trump overrode his budget team and backed funding for the Special Olympics on Thursday after his proposed cuts to the athletic program drew heavy fire from both Republicans and Democrats.

Disney bans smoking at U.S. parks ahead of 'Star Wars' openings

Walt Disney Co will ban smoking, vaping and large strollers at its U.S. theme parks in California and Florida starting on May 1, the company said on Thursday.

Artists use Ukraine president's candy wrappers for critical portrait

As Ukraine heads in a presidential election on Sunday, two artists have created an unflattering portrait of incumbent Petro Poroshenko using sweet wrappers and bullet casings.