World News Headlines
Deutsche Bank to scale back investment bank as profits drop
FRANKFURT (Reuters) - Deutsche Bank
announced cutbacks to its bond and equities trading on Thursday in a major overhaul of its troubled investment bank, after posting a 79 percent drop in net profit in the first quarter.
North Korea's pledge to dismantle nuclear site sounds good, but verification will be tough
SEOUL (Reuters) - North Korea's pledge to dismantle its Punggye-ri nuclear test site sounds like a big step forward but verifying whether that will actually happen will be difficult, underlining the complexities of any deal it may strike with the United States.
Flashes of past paradise as Philippines' Boracay empties for makeover
BORACAY, Philippines, April 26 (Reuters) - Volunteers combed near-empty beaches and workers boarded up shops on the island of Boracay on Thursday, as the Philippines' top tourist hotspot closed for a six-month makeover aimed at rescuing it from ruin.
Revolut becomes Britain's first digital bank unicorn
LONDON (Reuters) - Financial technology firm Revolut said on Thursday its valuation had jumped by five times in a year to $1.7 billion at its most recent funding round, making it the first of Britain's digital-only banks to reach unicorn status.
China scrap metal firms face pressure from import curbs: official
SUZHOU, China (Reuters) - Scrap metal regeneration companies in China are likely to come under "huge pressure" after the country moved to ban imports of more types of solid waste, the head of a Chinese metal recycling body said on Thursday.
N.Korea's pledge to dismantle nuclear site sounds good, but verification will be tough
SEOUL, April 26 (Reuters) - North Korea's pledge to dismantle its Punggye-ri nuclear test site sounds like a big step forward but verifying whether that will actually happen will be difficult, underlining the complexities of any deal it may strike with the United States.
Russia, betting on EU Trump talks, keeps powder dry in Rusal row for now
MOSCOW, April 25 (Reuters) - Moscow is holding off on taking retaliatory measures against the United States for imposing sanctions on Rusal, hoping the EU can persuade Washington to ease restrictions against the world's second largest aluminum producer further, sources told Reuters.
FACTBOX-Commoners who have married into royal families
LONDON, April 26 (Reuters) - In just over three weeks, U.S. actress Meghan Markle will join a select group of "commoners" to marry into a royal family when she weds Britain's Prince Harry at Windsor Castle.
Thailand detains Cambodian opposition leader, rights group says
BANGKOK/PHNOM PENH (Reuters) - Thai immigration police have detained the leader of a Cambodian opposition group based in Denmark, Human Rights Watch (HRW) said on Thursday, while a Cambodian official said the government was in discussion with Thailand on the man's extradition.
Asia stocks supported by Wall St., but China drags
TOKYO (Reuters) - Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market.
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