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Gladys Berejiklian says she was in ‘close personal relationship’ with former MP when he resigned | Australia news

October 12, 2020

The premier of New South Wales, Gladys Berejiklian, was in a “a close personal relationship” with a former MP when he was forced to resign from parliament amid a corruption scandal.

But the premier has denied knowing about improper conduct by the former Wagga Wagga MP Daryl Maguire, telling the Independent Commission Against Corruption on Monday she “made the assumption that he was always doing the right thing”.

The NSW Icac is investigating allegations Maguire misused his position as an MP and parliamentary secretary to improperly gain a benefit for himself or for G8way International, a company he “effectively controlled”.

The inquiry previously heard Maguire sought payments to help broker deals for Chinese property developers, and helped “grease the wheels” of a deal to sell the racing heir Louise Waterhouse’s land near the proposed western Sydney airport in 2017 and 2018.

But in bombshell revelations on Monday, Berejiklian revealed she

Asian shares close in on 2-1/2-year peak as U.S. stimulus hopes return

October 9, 2020

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By Hideyuki Sano, Imani Moise

TOKYO/NEW YORK (Reuters) – Asian shares inched close to 2-1/2-year highs on Friday as revived hopes for a U.S. stimulus deal eclipsed weaker-than-expected jobs data, while mainland Chinese markets jumped after a week-long holiday.

Traders work on the trading floor of the Philippine Stock Exchange amid the coronavirus disease (COVID-19) outbreak, in Taguig City, Metro Manila, Philippines, September 30, 2020. REUTERS/Eloisa Lopez/Files

Investors are also increasingly expecting the Democrats to take back the White House, and possibly the Senate as well, in the Nov. 3 U.S. election, analysts said.

A widening lead for Democratic Presidential candidate Joe Biden is seen as reducing the risk of a contested election and opening the way for a big economic stimulus, helping to counter investors’ wariness about a Democrat pledge to hike corporate tax rates.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.15%, inching closer to

JPMorgan Chase commits $30B to close racial wealth gap

October 8, 2020

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The Surrogate’s Court building exterior remains vandalized while Occupy City Hall protests continue outside City Hall in New York City on June 30. Photo by John Angelillo/UPI | License Photo

Business, labor groups urge G20 to close ‘stimulus gap’ in COVID-19 crisis

October 8, 2020

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FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas

WASHINGTON (Reuters) – The Group of 20 nations must offer poorer countries a longer freeze in debt payments and other help to protect the global economy from long-term scarring inflicted by the COVID-19 pandemic, leading business and labor groups said.

Warning of job losses, increasing poverty, rising child mortality and high business failure rates in poorer countries, the groups urged G20 finance ministers, who will meet by teleconference next week, to take immediate action.

“The required contribution from the world’s leading economies is minute compared to the social and economic costs of inaction,” the International Chamber of Commerce, the International Trade Union Confederation, and Global Citizen, a group pushing to end extreme poverty by 2030, said in an open letter.

The G20’s freeze in

Purdue close to plea agreement in federal OxyContin investigation: report

October 7, 2020

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Purdue Pharma is close to reaching an agreement to plead guilty to charges related to worsening the opioid epidemic in the U.S., according to an exclusive report from Reuters on Wednesday.

A plea deal between Purdue’s lawyers and federal prosecutors is expected to be announced within the next two weeks, according to six sources close to the situation. Along with criminal charges, negotiations for a civil claim are also ongoing for alleged unlawful conduct in Purdue’s handling of prescription painkillers.

The pharmaceutical company could face penalties exceeding $8 billion. Purdue is accused of engaging in illegal kickback programs that paid doctors and pharmacies to prescribe medically unnecessary opioids. The Sackler family, who control Purdue, are in discussions to pay $225 million for false claims about prescription painkillers. Current settlement discussions will not absolve the Sacklers from criminal liability they may face in the future.

Federal prosecutors launched a federal probe

Major European Markets Close Weak After Choppy Session

October 7, 2020

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(RTTNews) – European stocks saw a choppy session on Wednesday as investors appeared somewhat clueless about a potential new coronavirus relief plan as they digested a couple of treats from U.S. President Donald Trump.

Markets were also reacting to updates about coronavirus spread. In France, new coronavirus cases continued to see a daily rise of over 10,000. The French government has placed Paris on maximum Covid-19 alert.

Trump had tweeted Tuesday afternoon that he has instructed his administration’s negotiators to stop stimulus discussions with Democrats until after the presidential election, triggering heavy selling in the U.S. market.

Later on Tuesday, Trump indicated he would support individual stimulus measures after calling off negotiations over a broader relief package.

“The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for

Stocks Close Higher; Trump Says He’s Leaving Hospital Monday

October 6, 2020

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Stocks finished higher after President Donald Trump said he’d be leaving the hospital Monday, and on optimism over a coronavirus-relief package.

The Dow Jones Industrial Average finished up 465 points, or 1.68%, to 28,148, the S&P 500 climbed 1.8% and the Nasdaq rose 2.32%.

Leading the Dow higher were Amgen (AMGN) – Get Report and Travelers (TRV) – Get Report.

The president spent the weekend at Walter Reed Medical Center, recovering from Covid-19.

While Trump’s medical team was positive about his prognosis, some observers questioned the official details of Trump’s health. Trump’s blood oxygen level had dropped twice in recent days, and doctors had given him a steroid to treat his symptoms.

But in a tweet Monday, the president said he was “feeling really good” and would be leaving the hospital at 6:30 p.m. ET.

Trump tweeted from the hospital over the weekend that “OUR

U.S. Stocks Close Sharply Higher As Trump Prepares To Leave Hospital

October 5, 2020

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(RTTNews) – Stocks moved sharply higher during trading on Monday, more than offsetting the weakness seen in the previous session. With the upward move on the day, the major averages reached their best closing levels in a month.

The major averages ended the day near their highs of the session. The Dow jumped 465.83 points or 1.7 percent to 28,148.64, the Nasdaq spiked 257.47 points or 2.3 percent to 11,332.49 and the S&P 500 surged up 60.16 points or 1.8 percent to 3,408.60.

The rally on Wall Street came amid positive reports about President Donald Trump’s health after he was rushed to Walter Reed hospital on Friday.

In a video posted on Twitter late Sunday, Trump said he is “getting great reports from the doctors” regarding his battle with the coronavirus.

Trump revealed in a tweet late in the trading day that he will be releases from the hospital at

Regal cinemas to close down temporarily, impacting 45,000 jobs

October 5, 2020

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Cineworld, the world’s second-biggest cinema operator, said it will temporarily close all its screens in the United States and Britain after studios pulled major releases such as the latest James Bond film.

The Regal cinema owner, which began reopening in July after Covid-19 lockdown restrictions started to ease, employs 37,482 people across 787 venues in the U.S., Britain and central Europe, with 546 sites in America.

The chief executive of Cineworld said he had no choice but to close UK and U.S. sites because the cinema chain was bleeding too much cash to keep them open, and that the operations might resume in “two months, or a bit longer.”

“We had reached the stage where we had no alternative, it was a very, very difficult decision for us, mainly in view of the move we will have to take towards the employees,” CEO Mooky Greidinger told Sky News on Monday.

Regal Cinemas Parent Company Cineworld Could Close All Theaters in America and UK

October 4, 2020

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As more and more movies have been pushed to 2021, Regal Cinemas’ parent company Cineworld could be closing all of its theaters in the U.S. and the UK Variety reports that the decision comes after the latest James Bond film, No Time to Die, had been delayed until next year due to coronavirus concerns.

The closures are expected to come within a week at the soonest, and the company has already confirmed the closures are currently being discussed. “We can confirm we are considering the temporary closure of our UK and U.S. cinemas, but a final decision has not yet been reached,” the Cineworld Cinemas Twitter account revealed. “Once a decision has been made we will update all staff and customers as soon as we can.”

We can confirm we are considering the temporary closure of our U.K. and US cinemas, but a final decision has not yet been