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  • GENOA, Aug 18- Top executives of Italian toll-road operator Autostrade per l'Italia, which managed a bridge that collapsed in the port city of Genoa this week, voiced profound sadness for the victims on Saturday and said it would set up a fund for their families. Autostrade Chairman Fabio Cerchiai and Chief Executive Giovanni Castellucci held their first news...

  • FRANKFURT, Aug 18- Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said. Der Spiegel's story, based on recently unsealed documents from the Braunschweig prosecutor's office, raises...

  • LONDON, Aug 18- Iranian President Hassan Rouhani will appear before parliament on Aug. 28 to answer questions on his government's handling of Iran's economic struggles. Iranian lawmaker Assadollah Abbasi was quoted as saying by the parliament's news agency ICANA that "It has been agreed that the parliamentary session to question the president will take...

  • FRANKFURT, Aug 18- Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said. Citing documents unsealed by the Braunschweig prosecutor's office, Der Spiegel said Diess was present at a...

  • IZMIR, Turkey, Aug 18- When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home for nearly a quarter of a century. He is still in detention and is now at the center of a diplomatic row that has fueled Turkey's most serious currency crisis...

  • IZMIR, Turkey, Aug 18- When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home for nearly a quarter of a century. He is still in detention and is now at the centre of a diplomatic row that has fuelled Turkey's most serious currency...

  • Both Moody's and Standard& Poor's ratings agencies cut Turkey's sovereign credit ratings deeper into "junk" territory late on Friday. On Friday, Turkey's battered lira weakened 3 percent after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the...

  • BERLIN— Russian President Vladimir Putin is flying to Austria to attend the wedding Saturday of the country's foreign minister, before heading to Berlin for talks with German Chancellor Angela Merkel. Austrian authorities have imposed tight security measures around the site of the ceremony near the southern town of Graz of Foreign Minister Karin Kneissl,...

  • *Tech firms fear India localisation norms raise costs, scrutiny. NEW DELHI, Aug 18- U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters. The issue could further undermine already strained economic relations...

  • BEIJING— Malaysia's leader courted Chinese e-commerce investment in his country on Saturday, the start of his first trip to China since his stunning electoral victory three months ago. On Saturday, Mahathir toured the campus of Chinese online shopping giant Alibaba Group in the eastern city of Hangzhou, met with the company's founder, Jack Ma, and told the...

  • DUBAI, Aug 18- A top Iranian constitutional body has demanded changes to anti-money laundering measures passed by parliament, state-run media said on Saturday, as Tehran nears a deadline to pass legislation to help it attract investment while facing U.S sanctions. Iran has been trying to implement standards set by the Financial Action Task Force, an...

  • MELBOURNE, Aug 18- Australia's worst drought in a generation is driving flocks of emus into an outback mining town in a desperate hunt for food and water, an animal rescue unit in the town of Broken Hill said. The large, flightless birds are sometimes sighted in the town, 935 kilometres west of Sydney, but not in the numbers being seen amid a winter drought that has...

  • MILAN, Aug 18- Italy's Autostrade per l'Italia said it would hold a news conference in Genoa on Saturday to announce initiatives it would take after the collapse of a motorway bridge. Autostrade, a unit of infrastructure group Atlantia, manages the section of the A10 motorway linking Genoa to the French border. It has been at the centre of a political storm after a...

  • *Since Aug. 1 Vietnam launch, captures 15 pct of Ho Chi Minh mkt. JAKARTA, Aug 17- Go-Jek, Indonesia's first billion-dollar startup, is "extremely close" to achieving profitability in all its segments, except transportation, its founder and CEO Nadiem Makarim told Reuters. Already a market leader in Indonesia, where it processes more than 100 million transactions for...

  • CARACAS, Aug 17- Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist governments petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country. The worst of all worlds, said Venezuelan economist Asdrubal Oliveros of consultancy...

  • SHANGHAI, Aug 18- China said on Saturday it has sacked six senior officials at its food and drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd revealed failings at the government body including inadequate supervision. In a posting on its website, the State Administration for Market Regulation said that among officials...

  • Aug 17- Please be advised that VENEZUELA- CURRENCY has been changed to VENEZUELA- ECONOMY.

  • CARACAS, Aug 17- Venezuela's president Nicolas Maduro announced on Friday a single exchange rate and pegged it to his socialist governments petro cryptocurrency, effectively devaluating by 96 percent. Maduro said he would overhaul Venezuela's disparate exchange rates and peg salaries, pensions, and prices to the petro, a cryptocurrency launched by the...

  • Aug 17- A Texas jury awarded damages of $242 million to a Dallas family after finding that defects in the family's Lexus sedan caused injuries to their two children during a rear-end collision, the law firm representing the plaintiffs said on Friday. The verdict by the jury in Dallas County District Court includes more than $143.6 million in punitive damages...

  • CARACAS, Venezuela— Venezuelan President Nicolas Maduro raised wages for the fifth time this year and said he wanted to peg prices to the nation's fledgling cryptocurrency as part of a package of measures that economists say is likely to accelerate hyperinflation. Maduro made the announcement in a televised address Friday night ahead of a previously...