Art

My word is my bond

My word is my bond

A London court ordered Anil Ambani, the brother of Asia’s richest man, to pay $700 mln to Chinese banks led by ICBC over a personal guarantee on a loan. The case is indicative of the unorthodox funding practices used by the country’s tycoons. It should help clean up their acts. THIS CONTENT IS FOR SUBSCRIBERS ONLY. or Big Elevator faces a cable-free race to the top. Sign in with password. E-mail me a link to sign in instantly Reset Password? If ... Full story

Education

LeverEdge wants to get you and your friends a volume discount on student loans – TechCrunch

LeverEdge wants to get you and your friends a volume discount on student loans – TechCrunch

Student loans are both a trillion-dollar debt category and also one of the most popular mini-verticals out there in fintech startup investing right now. There are dozens if not hundreds of companies in the space, and they all mostly do one of two things: either they help students think through their student loan options before choosing one (acting as a financial advisor to avoid mistakes) or they help students after they finish school figure ... Full story

Economics

EU announces €750bn recovery package - BBC News

EU announces €750bn recovery package - BBC News

Image caption Ursula von der Leyen has to please four "frugal" states as well as the Southern European countries that need the money most. A major recovery fund worth €750bn (£670bn; $825bn) has been proposed by the EU's executive Commission to help the EU tackle an "unprecedented crisis". Economies across the 27-nation EU bloc have been ravaged by the Covid-19 pandemic, but several southern states had big debts even before the crisis. The ... Full story

Entertainment

Poland to scrap compulsory outdoor masks, reopen cinemas as coronavirus abates

Poland to scrap compulsory outdoor masks, reopen cinemas as coronavirus abates

WARSAW (Reuters) - Poles will be allowed to go outside without protective masks from May 30 and cinemas, theatres and gyms will reopen on June 6, the government said on Wednesday, part of a steady lifting of restrictions imposed to halt the spread of the new coronavirus. FILE PHOTO: People applaud Adam Kalinowski, singer and frontman of the rock band Black Jeans, during a concert from his kitchen window, while the spread of the coronavirus ... Full story

Health

France bans hydroxychloroquine to treat COVID-19 amid safety concerns

France bans hydroxychloroquine to treat COVID-19 amid safety concerns

FILE PHOTO: A nurse shows a pill of hydroxychloroquine, amid the coronavirus disease (COVID-19) outbreak, at Nossa Senhora da Conceicao hospital in Porto Alegre, Brazil, April 23, 2020. REUTERS/Diego Vara. PARIS (Reuters) - The French government on Wednesday cancelled a decree allowing hospital doctors to administer hydroxychloroquine as a treatment to patients suffering severe forms of COVID-19, the illness caused by the new coronavirus. The ... Full story

Law

Minnesota violence: Clashes over death of black man in police custody

Minnesota violence: Clashes over death of black man in police custody

Image caption Protesters marched on the precinct where the officers were thought to have worked. There have been violent clashes between police and protesters in the US city of Minneapolis following the death of an unarmed black man in police custody. Police fired tear gas and protesters threw rocks and sprayed graffiti on police cars. Video of the death shows George Floyd, 46, groaning "I can't breathe" as a policeman kneels on his neck. Four ... Full story

Living

Pakistani villager urges India to return 'spy' pigeon  News

Pakistani villager urges India to return 'spy' pigeon News

Image caption The pigeon is being held in a cage in India. A Pakistani villager has urged Prime Minister Narendra Modi to return his pigeon, currently being held in India on charges of spying. The man, who lives just 4km (2.5 miles) from the border, said he flew his pigeons to celebrate Eid festival. Police said the pigeon had a ring on one of its legs, inscribed with a code that they were trying to decipher. The Pakistani villager, who claims ... Full story

Politics

Taiwan president pledges humanitarian relief for Hong Kongers

Taiwan president pledges humanitarian relief for Hong Kongers

TAIPEI (Reuters) - Taiwanese President Tsai Ing-wen on Wednesday pledged to draw up a plan to give humanitarian relief to people involved in pro-democracy protests in Taiwan’s most concrete intervention since a renewal of unrest in Chinese-ruled Hong Kong. FILE PHOTO: Taiwan President Tsai Ing-wen delivers her inaugural address at the Taipei Guest House in Taipei, Taiwan May 20, 2020. Wang Yu Ching/Taiwan Presidential Office/Handout via ... Full story

Sport

Roman mosaic floor found under Italian vineyard

Roman mosaic floor found under Italian vineyard

Image caption Local officials said scholars first found evidence of a villa at the site more than a century ago. A Roman mosaic floor has been discovered under a vineyard in northern Italy after decades of searching. Surveyors in the commune of Negrar di Valpolicella north of Verona published images of the well-preserved tiles buried under metres of earth. According to officials, scholars first found evidence of a Roman villa there more than a ... Full story

Technology

NASA set to resume human spaceflight from U.S. soil with historic SpaceX launch

NASA set to resume human spaceflight from U.S. soil with historic SpaceX launch

CAPE CANAVERAL, Fla. (Reuters) - SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years. FILE PHOTO: Crews work on the SpaceX Crew Dragon, attached to a Falcon 9 booster rocket, as it sits horizontal on Pad39A at the Kennedy Space Center in Cape Canaveral, ... Full story