Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year. It forecast euro zone economic growth to lose some speed this year before rebounding in 2018. The British economy will nearly halve its expansion by 2018, the European Union executive said in a broad series of economic forecasts.

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Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

A Florida software engineer and a New Jersey pastor are expected on Monday to face trial in a case stemming from an investigation into a bitcoin exchange and a data breach at JPMorgan Chase & Co . Jury selection is set to begin in Manhattan federal court in the case of Yuri Lebedev, who authorities call the architect of bitcoin exchange Coin.mx's electronic platform, and Trevon Gross, a pastor and ex-chairman of a now-defunct credit union.

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U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

Samsung chief appears for second round of questions in graft probe

Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. The special prosecutor has focused on South Korea's biggest conglomerate, accusing Lee in his capacity as Samsung chief of pledging 43 billion won ($37.31 million) to a business and organizations backed by Park's friend, Choi Soon-sil, in exchange for support for a 2015 merger of two Samsung companies. Park, Lee, Choi, and Samsung Group [SAGR.UL] have all denied bribery accusations.

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Samsung chief appears for second round of questions in graft probe

Toshiba prepares to unveil nuclear hole, other perils threaten

By Makiko Yamazaki and Taro Fuse TOKYO (Reuters) – Toshiba Corp will on Tuesday detail a writedown of close to $6 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group's efforts to fix that and other balance sheet headaches. Sources familiar with the matter say the final charge, to be detailed alongside quarterly earnings, will be as high as 700 billion yen ($6.2 billion), a sum which alone would wipe out the company's shareholder equity. Toshiba, which has seen its market value almost halve since the prospect of a writedown emerged in December, is also expected to outline the prospects for its nuclear arm and update investors on efforts to raise capital, including through the sale of a stake in its flagship memory chips business.

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Toshiba prepares to unveil nuclear hole, other perils threaten

‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

By Helen Reid and Abhinav Ramnarayan COVENTRY, England (Reuters) – U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole, and he hoped capital requirements for banks would not be significantly reduced.

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‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

Sales of Ivanka Trump apparel slumped at Nordstrom: WSJ report

Nordstrom's sales of Ivanka Trump's line of clothing and shoes fell by nearly one-third in the past fiscal year, with sharp drops in sales in the weeks before her father Donald Trump was elected president, the Wall Street Journal reported on Saturday. Nordstrom announced this week it had decided to stop carrying Ivanka Trump's apparel, prompting President Trump to take to Twitter to defend her. “My daughter Ivanka has been treated so unfairly by @Nordstrom,” he said on Wednesday.

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Sales of Ivanka Trump apparel slumped at Nordstrom: WSJ report

Sears, Kmart drop 31 Trump Home items from their online shops

(Reuters) – Major U.S. retailers Sears and Kmart this week removed 31 Trump Home items from their online product offerings to focus on more profitable items, a spokesman said on Saturday. The decision follows retailer Nordstrom Inc's announcement this week it had decided to stop carrying Ivanka Trump's apparel because of declining sales, prompting President Donald Trump to take to Twitter to defend his daughter. White House spokesman Sean Spicer characterized the Nordstrom move as a “direct attack” on the president's policies.

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Sears, Kmart drop 31 Trump Home items from their online shops

Disney hikes some U.S. park ticket prices up to 4.9 percent

Walt Disney Co is raising the admission price for its U.S. theme parks by as much as $5 for some single-day tickets starting on Sunday. One-day prices at Walt Disney World in Orlando, Florida, will stay flat or rise up to 4.9 percent, the company said. Disney last year started using a three-tier structure that charges visitors more during peak periods to help spread out crowds.

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Disney hikes some U.S. park ticket prices up to 4.9 percent

Ex-VW chairman Piech refuses to testify in German emissions inquiry

HAMBURG/BERLIN (Reuters) – Ex-Volkswagen Chairman Ferdinand Piech, who resigned after a showdown with former chief executive Martin Winterkorn, has refused to testify to German lawmakers investigating a possible government's role in the VW emissions scandal, according to his lawyer. Piech, also VW's former CEO who spearheaded the carmaker's global expansion, gave testimony to lawyers of U.S. law firm Jones Day last April and to German prosecutors in Braunschweig near VW's Wolfsburg headquarters in December, his lawyer said. The German parliamentary committee of inquiry has expressed its intention to summon Piech.

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Ex-VW chairman Piech refuses to testify in German emissions inquiry

Greece says bailout deal close, Juncker says it’s on shaky ground

ATHENS/BERLIN (Reuters) – Greek Prime Minister Alexis Tsipras warned international lenders on Saturday not to heap new burdens on his country but said he believed the drawn-out bailout review with them would end well. European Commission President Jean-Claude Juncker, however, said the deal was “on shaky ground” because the International Monetary Fund had not decided what role it would play. The comments came a day after Greece and its international lenders made clear progress towards bridging differences over Athens's fiscal path in coming years, moving closer to a deal that would secure new loan disbursements and save the country from default.

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Greece says bailout deal close, Juncker says it’s on shaky ground