Founder of K-pop label YG resigns amid drugs and sex scandals

SEOUL (Reuters) – Yang Hyun-suk, founder of South Korea’s YG Entertainment which manages top K-pop performers, stepped down on Friday from his duties as chief producer, in the aftermath of drug and sex scandals involving his artists. In March, a member of YG’s boyband Big Bang quit showbiz over sex bribery accusations, prompting police investigations and the resignation of four K-pop stars including him. Allegations subsequently surfaced of a network of pop stars, businessmen and cops having colluded and enabled tax evasion, bribery and prostitution, exposing the dark side of…

IEA sees oil demand growth falling to lowest level in years as global economy stalls

An employee stands on the deck of a pilot boat in view of the Ocean Princess oil platform, operated by Diamond Offshore Drilling Inc., in the Port of Cromarty Firth in Cromarty, U.K. Mathew Lloyd | Bloomberg | Getty Images The International Energy Agency (IEA) slashed its estimate for global oil demand growth for the second consecutive month on Friday, citing intensifying trade concerns amid fears of a global recession. The energy agency’s closely-watched report comes as world oil markets have undertaken a dramatic shift in recent months, switching from…

US futures lower as Middle East tensions weigh; investors worry on weak China data

U.S. stock futures were lower on the final trading day of the week, with investors monitoring attacks on oil tankers in the Gulf of Oman and reacting to economic data out of China. As of 3:20 a.m. ET, Dow futures were 19 points lower, indicating a slightly lower open of 25 points. S&P 500 futures were barely changed while Nasdaq futures were in negative territory. Market players are closely watching geopolitical events, with attacks on oil tankers in the Middle East giving oil prices a boost. Brent crude climbed 0.4%…

‘Sporadic’ attacks from Iran’s increased presence is a risk to oil, says US think tank

Fire and smoke billow from the Norwegian owned Front Altair tanker, which was said to have been attacked in the Gulf of Oman. ISNA | AFP | Getty Images Analysts have played down fears of a huge spike in oil prices this year, citing the economic slowdown and trade war — but rising tensions in the Middle East could be a threat to the energy markets, according to a U.S.-based think tank. Oil prices rose as much as 4% on Thursday following attacks on two tanker ships off the coast…

U.S. releases video it says shows Iran’s military recovering mine

WASHINGTON (Reuters) – The U.S. military released a video late on Thursday that it said showed Iran’s Revolutionary Guard (IRGC) removing an unexploded mine from the side of a Japanese-owned oil tanker, as Washington blamed Iran for attacks rattling global oil markets. The U.S. military’s Central Command also released photographs showing the apparent mine, which attaches to the side of a ship magnetically, before it was removed later in the day. Such imagery is often difficult to declassify and its release appeared to show U.S. efforts to convince the international…

Iran says it is in charge of security of Strait of Hormuz: state Radio

DUBAI (Reuters) – Iran said on Friday it was responsible for maintaining the security of the Strait of Hormuz in the Gulf, state radio reported, adding that blaming Tehran for attacks on two oil tankers in the Gulf of Oman was alarming. An oil tanker is seen after it was attacked at the Gulf of Oman, in waters between Gulf Arab states and Iran, June 13, 2019. ISNA/Handout via REUTERS“We are responsible for ensuring the security of the Strait and we have rescued the crew of those attacked tankers in…

Raptors beat Warriors to win their first NBA title

Jun 13, 2019; Oakland, CA, USA; Toronto Raptors forward Kawhi Leonard (2) drives past Golden State Warriors guard Klay Thompson (11) during the second half in game six of the 2019 NBA Finals at Oracle Arena. Mandatory Credit:Cary Edmondson-USA TODAY SportsOAKLAND, Calif. (Reuters) – The Toronto Raptors became the first Canadian team to win an NBA title with a 114-110 victory over the two-time defending champion Golden State Warriors on Thursday that set off a country-wide celebration. The victory gave the Raptors a 4-2 series win and denied the Warriors…

Asia stocks subdued ahead of China data, Gulf attacks support oil

TOKYO (Reuters) – Asian stocks were subdued on Friday ahead of key Chinese data that could provide more clues on how heavily the U.S.-Sino trade war is weighing on the economy, while oil prices were supported by supply concerns after attacks on tankers in the Gulf of Oman. FILE PHOTO: A man is seen in front of an electronic board showing stock information on the first day of trading in the Year of the Pig, following the Chinese Lunar New Year holiday, at a brokerage house in Hangzhou, Zhejiang province,…

Oil prices ease, but Middle East tanker attacks support

An oil tanker is seen after it was attacked at the Gulf of Oman, June 13, 2019. ISNA | Reuters Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world’s key shipping routes. The attacks near Iran and the Strait of Hormuz countered concerns about global demand that had hammered prices in recent weeks, analysts said. It was the second time in a…

U.S. blames Iran for tanker attacks in Gulf of Oman, Iran rejects assertion

DUBAI/WASHINGTON (Reuters) – The United States blamed Iran for attacks on two oil tankers in the Gulf of Oman on Thursday that drove up oil prices and raised concerns about a new U.S.-Iranian confrontation. Iran “categorically rejects the U.S. unfounded claim with regard to 13 June oil tanker incidents and condemns it in the strongest possible terms,” the Iranian mission to the United Nations said in a statement on Thursday evening. It was not immediately clear what befell the Norwegian-owned Front Altair or the Japanese-owned Kokuka Courageous, which both experienced…

Google policy head retools team for global lobbying push

SAN FRANCISCO (Reuters) – Alphabet Inc’s Google is trying to plug a surge of public scrutiny around the world by overhauling how its policy office operates, with increased emphasis on having policy staffers and top company executives alike building relationships with governments, people familiar with the matter said this week. FILE PHOTO: The Google logo is displayed outside the company offices in New York, U.S., June 4, 2019. REUTERS/Brendan McDermidGovernment officials in the United States, India, Ireland, Singapore, Australia and at least several other countries have threatened regulation or launched…

Leonard Cohen’s love letters to Marianne fetch $876,000 at auction

FILE PHOTO: Canadian singer-songwriter Leonard Cohen performs during the first night of the 47th Montreux Jazz Festival in Montreux, Switzerland on July 4, 2013. REUTERS/Valentin Flauraud/File PhotoLOS ANGELES (Reuters) – A collection of more than 50 love letters written by Canadian singer-songwriter Leonard Cohen to the woman who inspired “So Long, Marianne” has sold for $876,000, with many going for more than five times their pre-sale estimates, Christie’s auction house said on Thursday. The archive of letters from Cohen to Marianne Ihlen chronicles their 1960s love affair and the blossoming…

Swiss women strike for more money, time and respect

Women across Switzerland are preparing for a nationwide strike in protest against what they say is the country’s unacceptably slow pace to equality. Friday’s protest comes 28 years after similar action saw half a million women take to the streets in 1991. Swiss women have long campaigned to accelerate the pace of gender equality. They joined millions of other women in Europe after World War One ended in 1918 in demanding the right to vote – but did not get it until 1971. At the time of the 1991 strike…

Democrats announce 20 U.S. presidential candidates who qualify for first debate

FILE PHOTO: Twenty four 2020 Democratic presidential candidates are seen in a combination from file photos (L-R top row): U.S. Senators Bernie Sanders, Kamala Harris, Elizabeth Warren, Cory Booker, Amy Klobuchar, Kirsten Gillibrand, Michael Bennet and former U.S. Senator Mike Gravel. (L-R middle row): Former Texas congressman Beto O’Rourke, U.S. Representatives Tulsi Gabbard, John Delaney, Eric Swalwell, Tim Ryan, Seth Moulton, former HUD Secretary Julian Castro and former U.S. Vice President Joe Biden. (L-R bottom row): Mayor Pete Buttigieg, Former Gov. John Hickenlooper, Gov. Jay Inslee, Andrew Yang, Marianne Williamson,…

White House spokeswoman Sanders leaving job at end of month

WASHINGTON (Reuters) – White House spokeswoman Sarah Sanders, a fierce loyalist of President Donald Trump who evolved into one of his closest advisers, will leave her job at the end of the month to return to her home state of Arkansas, Trump said on Thursday. U.S. President Donald Trump stands with White House Press Secretary Sarah Sanders after it was announced she will leave her job at the end of the month during a second chance hiring prisoner reentry event in the East Room of the White House in Washington,…

Cuba Gooding Jr. charged with groping woman in Manhattan bar

NEW YORK (Reuters) – Actor Cuba Gooding Jr. was charged on Thursday with groping a woman at a Manhattan bar last weekend, New York City police said. Actor Cuba Gooding Jr. arrives at New York City Police Department’s (NYPD) Special Victims Division (SVU) in the Harlem neighbourhood in New York, U.S., June 13, 2019. REUTERS/Eduardo MunozThe “Jerry Maguire” actor faces one misdemeanor account of forcible touching in an incident on Sunday when an unidentified woman said Gooding touched her breasts. Gooding, who denies the accusation, emerged in handcuffs after being…

Bar scales back ‘free shot per goal’ promotion after U.S. 13-0 win

Soccer Football – Women’s World Cup – Group F – United States v Thailand – Stade Auguste-Delaune, Reims, France – June 11, 2019 General view of the scoreboard after the match REUTERS/Christian Hartmann(Reuters) – A Miami bar that offered customers “free shots” for every goal scored by the United States at the Women’s World Cup has scaled back its offer in the wake of the team’s record-breaking 13-0 thrashing of Thailand this week. The American Social Bar & Kitchen used its social media page for the promotion, clearly not expecting…

Cuba Gooding Jr. charged in Manhattan groping incident

Actor Cuba Gooding Jr. arrives at New York City Police Department’s (NYPD) Special Victims Division (SVU) in the Harlem neighbourhood in New York, U.S., June 13, 2019. REUTERS/Eduardo Munoz(Reuters) – Actor Cuba Gooding Jr. was charged on Thursday with forcible touching after a woman accused him of groping her at a Manhattan bar last weekend, New York City police said. The “Jerry Maguire” actor was charged after reporting to police on Thursday, the New York Police Department public affairs office said. He faces one misdemeanor account of forcible touching in…

Cuba Gooding Jr. charged in Manhattan groping incident, police say

Actor Cuba Gooding Jr. arrives at New York City Police Department’s (NYPD) Special Victims Division (SVU) in the Harlem neighbourhood in New York, U.S., June 13, 2019. REUTERS/Eduardo Munoz(Reuters) – Actor Cuba Gooding Jr. was charged on Thursday with forcible touching after a woman accused him of groping her at a Manhattan bar last weekend, New York City police said. The “Jerry Maguire” actor was charged after reporting to police on Thursday, the New York Police Department public affairs office said. He faces one misdemeanor account of forcible touching in…

Factbox: Latest on tanker attacks south of Strait of Hormuz

(Reuters) – Here is the latest from Reuters on attacks on two tankers on Thursday south of the Strait of Hormuz, through which almost a fifth of the world’s oil is shipped: * Panama-listed tanker Kokuka Courageous was damaged in a “suspected attack” that breached the hull above the water line, Bernhard Schulte Shipmanagement said * The ship was attacked twice in three hours before all the crew were evacuated, the president of Japanese owner Kokuka Sangyo told reporters * There had been an engine room fire on the tanker,…

Factbox: Strait of Hormuz – the world’s most important oil artery

FILE PHOTO: A tugboat moves cargo towards the Strait of Hormuz off the coast of Musandam province, Oman, July 20, 2018. REUTERS/Hamad I Mohammed/File Photo – RC1A66753840(Reuters) – Explosions that damaged two tankers south of the Strait of Hormuz on Thursday come a month after four vessels were targeted in “sabotage attacks” off the coast of the United Arab Emirates. Below are details about the Strait: WHY DOES IT MATTER? Sources: Reuters/Refinitiv/Energy Information Administration Reporting by Ahmad Ghaddar; editing by Jason NeelyOur Standards:The Thomson Reuters Trust Principles. Source: Reuters

Cuba Gooding Jr. reports to NYC police after groping accusation

Actor Cuba Gooding Jr. arrives at New York City Police Department’s (NYPD) Special Victims Division (SVU) in the Harlem neighbourhood in New York, U.S., June 13, 2019. REUTERS/Eduardo Munoz(Reuters) – Actor Cuba Gooding Jr. reported to New York City police on Thursday after a woman accused him of groping her at a Manhattan bar last weekend. Television pictures showed the “Jerry Maguire” actor entering an NYPD building without saying anything to news media outside. Gooding has denied the allegation, which was made by an unidentified woman who said Gooding touched…

Trump administration blames Iran for oil tanker attacks in Middle East

A picture obtained by AFP from Iranian News Agency ISNA on June 13, 2019 reportedly shows fire and smoke billowing from Norwegian owned Front Altair tanker said to have been attacked in the waters of the Gulf of Oman. ISNA | AFP | Getty Images WASHINGTON – Secretary of State Mike Pompeo on Thursday blamed Iran for attacks this morning on oil tankers in the Gulf of Oman near Iran and the Strait of Hormuz, a vital shipping route through which much of the world’s oil passes. « Iran is…

Tanker attacks reignite oil fear premium, prices could spike to $80

Oil prices have been crushed by worries about weaker demand and a slowing global economy, but the market could begin to price in greater geopolitical risks if there are more attacks like the one on two oil tankers in the Gulf of Oman Thursday. But even as analysts say oil could rise on Mideast tensions, they also say it could fall back to the bottom of a wide range — between about $50 and $80 for Brent, if the trade war fears dim the economic outlook for the buyers of…

Robbie Williams takes stake in college, sings mentoring’s praises

LONDON (Reuters) – Pop singer Robbie Williams, a judge on Britain’s “The X Factor” television show last year, is taking a stake in a performing arts college as he looks to mentor more “jazz hand people” like him. FILE PHOTO: Soccer Football – World Cup – Opening Ceremony – Luzhniki Stadium, Moscow, Russia – June 14, 2018 Robbie Williams performs during the opening ceremony REUTERS/Kai Pfaffenbach/File PhotoThe singer of “Angels” and “Let Me Entertain You” will have a 20% stake in Liverpool’s LMA, which offers degrees in music, performing arts…

These home improvements can help shave money off your utility bills

Quiet Cape Cod neighborhood, Hyannis Port, Barnstable Town, Massachusetts. Nine OK | Getty Images If you want to bring your home utility costs down, you may want to double-check your energy efficiency. If your air conditioner isn’t the right size, or your home does not have proper insulation or you still use incandescent lighting, you could be unwittingly ramping up your energy costs. The solution: conduct a home energy assessment, according to Steve Chalk, former acting deputy assistant secretary for energy efficiency at the Office of Energy Efficiency and Renewable…

Wall St. higher as oil surges after tanker attacks in Gulf of Oman

(Reuters) – U.S. stocks continued their climb on Thursday after two days of declines as energy shares gained on higher oil prices following suspected attacks on two tankers in the Gulf of Oman. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 23, 2019. REUTERS/Brendan McDermidCrude prices rose as much as 4%, a day after hitting five-month lows, as the attacks near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes, stoked fears of…

U.S. denies Tesla tariff relief request for Chinese-made Model 3 ‘brain’

FILE PHOTO: A Tesla Model 3 car is displayed at the Canadian International AutoShow in Toronto, Ontario, Canada, February 15, 2019. REUTERS/Chris Helgren/File PhotoWASHINGTON (Reuters) – The Trump administration has denied requests to exempt Tesla Inc’s Model 3 from 25% tariffs on its Chinese-made car computer and center screen, according to letters seen by Reuters. The U.S. Trade Representative’s Office denied both requests in May 29 letters, saying they both concern “a product strategically important or related to ‘Made in China 2025’ or other Chinese industrial programs.” The California-based electric…

Russia Golunov case: Putin sacks top Moscow police officials

Media playback is unsupported on your device Days after anti-corruption journalist Ivan Golunov was freed amid an outcry over a fabricated drugs case, Russian President Vladimir Putin has fired two high-ranking Moscow police officials. The interior minister had called for the dismissal of western Moscow police chief Maj Gen Andrei Puchkov and drug control boss Maj Gen Yury Devyatkin. Mr Golunov was released after lawyers said drugs had been planted on him. It also emerged that police photos of a drugs lab were not taken in his flat. Mr Golunov,…

Trump praises ex-adviser Flynn, offers ‘good luck’ as sentencing nears

WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday praised his former adviser Michael Flynn, who had pleaded guilty as part of the federal Russia investigation, and offered him “good luck” one day before an update was due in the case ahead of sentencing. Former U.S. national security adviser Michael Flynn departs after his sentencing was delayed at U.S. District Court in Washington, U.S., December 18, 2018. REUTERS/Joshua Roberts – RC11DEC417E0The former national security adviser during Trump’s early weeks in office has shaken up his legal team in recent days,…