Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Private equity firm 3G Capital Partners discloses that it sold 25.1 million shares of Kraft Heinz at $28.44 a share.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Microsoft founder Bill Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg.Wealthread more
According to a new report, consumers ages 14 to 24 overwhelmingly prefer physical stores for shopping, largely for mental health reasons.Retailread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
Viacom chief executive officer Bob Bakish is not worried about competition in the streaming space, on the heels of its merger with CBS.The Faber Reportread more
Consumers could pay an average 15 to 20 cents more per gallon for unleaded gas by the end of the month following the attack on Saudi oil installations.Market Insiderread more
Germany has agreed to one-time payments for survivors, primarily Jews, who were evacuated from Nazi Germany as children, many of whom never saw their parents again, the organization that negotiates compensation with the German government said Monday.
The New York-based Conference on Jewish Material Claims Against Germany said the government had agreed to payments of 2,500 euros ($2,800) to those still alive from among the 10,000 people who fled on the so-called "Kindertransport."
This year is the 80th anniversary of beginning of the transport of the children to Britain from Nazi Germany and elsewhere in Europe.
About 1,000 survivors are thought to be alive today, with about half of those still living in Britain, and the payment is seen as a "symbolic recognition of their suffering," Claims Conference negotiator Greg Schneider said.
"In almost all the cases the parents who remained were killed in concentration camps in the Holocaust and they have tremendous psychological issues," Schneider told The Associated Press.
Following the Nazis' anti-Jewish pogrom in November 1938 known as Kristallnacht, or the Night of Broken Glass, the British government agreed to allow an unspecified number of Jewish children as refugees from Nazi Germany or territories it had annexed.
Jewish groups inside Nazi Germany planned the transports, and the first arrived in Harwich on Dec. 2, 1938, according to the United States Holocaust Memorial Museum. The last transport from Germany left Sept. 1, 1939 — the day World War II broke out with the Nazi invasion of Poland — and the final transport from continental Europe left the Netherlands on May 14, 1940, the same day Dutch forces surrendered to the Nazis.
In all, about 10,000 children from Germany, Austria, Czechoslovakia and Poland were taken to Britain, about 7,500 of whom were Jewish, according to the museum. About half were placed with foster families, while the others stayed in hostels, schools or farms.
In addition to those who remained in Britain, many resettled in the U.S., Israel, Canada, Australia and elsewhere, Schneider said.
Today, survivors are at least in their 80s and most continue to look back on their escape as the defining moment of their lives as they were put alone onto trains into the unknown, saying goodbye to parents and siblings often for the last time, Schneider said.
"This money is acknowledgement that this was a traumatic, horrible thing that happened to them," he said.
Some survivors already received small payments in the 1950s but that will not bar them from receiving the new benefit, the Claims Conference said.
The Claims Conference carries out continuous negotiations with Germany to expand the number of people eligible for compensation.
Since 1952, the German government has paid more than $80 billion to individuals for suffering and losses resulting from persecution by the Nazis.
In 2019, the Claims Conference will distribute approximately $350 million in direct compensation to more than 60,000 survivors in 83 countries, the organization says. In addition, it will provide some $550 million in grants to social service agencies that provide home care, food, medicine and other services for Holocaust survivors.