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  • WASHINGTON, March 18- U.S. prosecutors in Detroit on Monday charged a former high-ranking United Auto Workers official in charge of the union's relations with Fiat Chrysler of misusing funds for lavish purchases for himself and other union officials. Norwood Jewell, who headed the UAW's FCA department from 2014 until his retirement in January 2018, was...

  • MAINZ, Germany, March 18- Germany begins an auction of spectrum for next-generation 5 G mobile networks on Tuesday, the outcome of which will play a decisive role in determining whether Europe's largest economy remains competitive in the digital age. In the end, regulators preferred to draft tougher rules for all vendors rather than meet the U.S. demand to banish...

  • *Saudi Arabia says OPEC may need to extend oil supply cuts. NEW YORK, March 18- Oil prices edged up on Monday, supported by the prospect of prolonged OPEC- led oil supply curbs and signs of inventory declines at the delivery point for U.S. crude futures. The Organization of the Petroleum Exporting Countries and its allies met in Azerbaijan to monitor their crude...

  • JUDGE DENIES RIO TINTO MOTION TO DISMISS U.S.

  • March 18- Flooding that killed three people in Nebraska and Iowa has cut roads to a nuclear power plant and inundated a large portion of a U.S. Air Force base, forcing it to work with a skeleton staff on Monday, while more of region's residents possibly faced evacuation. The floodwaters forced the operators of the Cooper nuclear plant, near Brownville, Nebraska, to...

  • Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain over 200 billion euros in payments that were found to have flowed through its Estonian branch from Russia, former Soviet states and elsewhere between 2007 and 2015.. Since the scandal surfaced last year the bank has replaced its CEO and the chairman, pulled out of Russia...

  • WHAT WE KNOW- Boeing has stopped delivery of all new MAX jets to its customers after the crash in Ethiopia on March 10 that killed 157 people.- Satellite data gathered from the Ethiopian Airlines flight and evidence from the crash site showed similarities with a Lion Air accident in Indonesia, prompting the U.S. Federal Aviation Administration to ground all MAX...

  • PARIS, March 18- Cereal crops in the European Union are generally in decent condition after a mild winter but more rain is needed in a dry swathe of southern Europe, the EU's crop monitoring service said on Monday. However, low rainfall that accompanied the warm spell had accentuated dryness across southern Europe and in parts of central Europe following drought...

  • ALGIERS, March 18- Algeria's army should take responsibility for finding a quick solution to its political crisis, its chief of staff said on Monday, in the most overt signal of potential military intervention since mass demonstrations erupted three weeks ago. President Abdelaziz Bouteflika bowed to demonstrators last week by announcing that he had...

  • *Ethiopia and France see similarities with Indonesia crash. ADDIS ABABA/ PARIS, March 18- Investigators probing the Boeing 737 MAX crash in Ethiopia have found similarities in direction data with an aeroplane that came down off Indonesia, a source said, heightening pressure on the world's biggest planemaker. Analysis of the doomed aircraft's cockpit recorder...

  • *Gold gains on hopes Fed will maintain accommodative stance. March 18- Palladium scaled a record peak on Monday, continuing a strong run this year on a supply shortfall of the autocatalyst material, as a softer dollar drove gains across precious metals. Spot palladium rose 1 percent to $1575.28 at 11:00 a.m. EDT, after touching its highest ever at $1,583.51...

  • PARIS, March 18- Investigators who verified data extracted from the black box recorders of the Ethiopian Airlines Boeing 737 MAX plane that crashed eight days ago killing 157 people have found "clear similarities" with October's doomed Lion Air flight of the same model, the French BEA air accident authority said on Monday. The data extraction was verified by the...

  • NEW YORK, March 18- U.S. Fed Chair Jerome Powell has also said the central bank could stop shedding bonds this year. Data showed on Friday that U.S. manufacturing output fell 0.4 percent in February, weakening for a second straight month, while factory activity in New York state was softer than expected this month with an index reading of 3.7.

  • NEW DELHI, March 18- Jet Airways' Chairman Naresh Goyal told the airline's pilots on Monday he needed "a further short time" to finalise a rescue deal for the cash-strapped Indian carrier as the process is complex. He also said talks for the rescue deal with the airline's biggest shareholder, Etihad Airways, and lenders, led by State Bank of India, were ongoing.

  • *French president toured Kenya, Ethiopia and Djibouti. *France faces strong competition from China and others. He signed contracts worth about 2 billion euros while in Kenya, whereas British Prime Minister Theresa May did not conclude any on a similar trip last August.

  • NEW DELHI, March 18- Jet Airways' Chairman Naresh Goyal told the airline's pilots on Monday he needed "a further short time" to finalize a rescue deal for the cash-strapped Indian carrier as the process is complex. He also said talks for the rescue deal with the airline's biggest shareholder, Etihad Airways, and lenders, led by State Bank of India, were ongoing.

  • March 18- Currencies in Latin America rose on Monday as the dollar slipped on prospects of the U.S. Brazil's real rose marginally, while Mexico's peso rose 0.4 percent with lower than usual volumes as stock markets remained shut for a public holiday. Chile's peso rose 0.4 percent on the back of higher copper prices, while Colombia's peso tacked higher as oil edged...

  • FRENCH BEA AIRCRASH INVESTIGATORS SAY THAT INVESTIGATORS NOTED "CLEAR SIMILARITIES" BETWEEN ETHIOPIAN AIRLINES FLIGHT 302 AND LION AIR FLIGHT 610.

  • RIO DE JANEIRO, March 18- A Brazilian court has ordered Vale SA, the world's largest iron ore miner, to suspend dam operations at two mines, demanding that it prove the structures are stable. The court decision came on Friday. Vale has been facing increased scrutiny after a dam collapsed in the town of Brumadinho in January, killing some 300 people, the second tragedy...

  • LONDON, March 18- Northern Europe will have a warm and dry start to the Spring, with more rainfall than normal falling towards the end of the season in May and June, The Weather Company said on Tuesday. "A warmer-than-normal temperature pattern is expected across Northern Europe along with cooler, wetter conditions across part of the south in April," said Todd...