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Deutsche Bank could settle U.S. penalty this week - source | | By Andreas Kröner and Karen Freifeld FRANKFURT/NEW YORK (Reuters) - Deutsche Bank could agree this week to a penalty with the U.S. Department of Justice for allegedly misleading investors when selling mortgage-backed securities, one person with direct knowledge of the matter said on Monday. In September, news that Germany's flagship lender faced a penalty of up to $14 billion caused Deutsche's shares to plunge and later prompted the bank to deny speculation that it needed a bailout from Germany. A spokesman for the Department of Justice declined to comment.
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IMF board to consider Lagarde negligence verdict - spokesman | | WASHINGTON (Reuters) - The International Monetary's Executive Board is expected to meet shortly to consider the negligence verdict issued against Managing Director Christine Lagarde by a French court, IMF spokesman Gerry Rice said on Monday. "The Executive Board has met on previous occasions to consider developments related to the legal proceedings in France," Rice said in a brief statement. "It is expected that the Board will meet again shortly to consider the most recent developments." (Reporting by David Lawder Editing by W Simon)
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IMF's Lagarde found guilty in French tycoon payout trial | | French judges on Monday found IMF chief Christine Lagarde guilty of negligence for failing to challenge a 400 million euro ($417 million) state arbitration payout to a business tycoon in 2008 when she was French finance minister. Despite the ruling the judges did not hand down any sentence in the case on her decision to allow the rare out-of-court arbitration payment.
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Cracks deepen in Palestinian politics as Abbas clamps down | | By Nidal al-Mughrabi GAZA (Reuters) - Palestinian President Mahmoud Abbas has tightened his grip on power by stripping the parliamentary immunity of five lawmakers seen as opposing him, weeks after being reappointed chairman of the main political party. The move follows a decision by a Palestinian court last week to sentence Mohammed Dahlan, a former Fatah party member and vocal Abbas critic, to three years in prison over the disappearance of $16 million when he was in office several years ago. While Abbas has no immediate challengers, he appears to be at pains to shore up his authority amid criticism over his rule from neighbouring Arab states, from the Hamas Islamist movement and from Israel.
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Killings in Indian police custody go unpunished, says rights group | | By Anuradha Nagaraj CHENNAI, India (Thomson Reuters Foundation) - Senthil Kumar's mother saw him being dragged off by policemen on charges of extortion. Standing outside the Vadamadurai police station in Tamil Nadu, she heard him scream for mercy. "He didn't die, he was killed," she told the Thomson Reuters Foundation, recalling the events of April 2010. |
IMF chief Lagarde has left France before trial verdict - lawyer | | PARIS (Reuters) - International Monetary Fund chief Christine Lagarde has left France for Washington and will not be present for the verdict in her negligence trial, her lawyer told Reuters. The verdict was due later on Monday. The trial relates to a case in which Lagarde, as French finance minister, approved a 400 million euro ($417 million) state payout to a business tycoon in 2008. She denies the negligence charges. (Reporting by Chine Labbe; Writing by Andrew Callus: Editing by Brian Love)
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'Uberisation' of India's domestic work market has benefits and risks | | By Rina Chandran MUMBAI (Thomson Reuters Foundation) - A booming digital market matching Indian domestic workers with employers may offer benefits for some housemaids but won't end low wages and discrimination and may exclude the poorest women who don't have smartphones, according to new research. Domestic help in India is relatively cheap, and demand for cooks, cleaners and babysitters is growing as incomes rise and more women work full-time. Domestic workers, who are generally women, typically have little or no education, and the market is almost entirely unregulated, with no fixed wages or benefits for workers. |
British FAs fined over poppy displays during internationals | | The Football Associations of England, Scotland, Northern Ireland and Wales have been fined for displaying poppies during World Cup qualifiers last month, world soccer's governing body said on Monday. England were fined 45,000 Swiss francs ($44,000) for what FIFA described as the "display of a political symbol" on players' shirts and around the stadium during the 3-0 win over Scotland at Wembley, plus crowd misconduct. Scotland were fined 20,000 Swiss francs for displaying the same political symbol as well as crowd problems.
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Protesters gather in Congo capital as Kabila's mandate expires | | By Aaron Ross and Tim Cocks KINSHASA (Reuters) - Protesters gathered in Democratic Republic of Congo's capital and at least one other city, defying a ban on demonstrations against the president's plans to stay in office past the end of his term on Monday. Security forces blocked access to Kinshasa University, facing off against groups waving red cards telling President Joseph Kabila to go, as time ticked down to the official close of his mandate at midnight. Militia fighters raided a jail in eastern Congo's Butembo trying to free prisoners, triggering clashes that killed a South African U.N. peacekeeper, a police officer and five attackers, officials said "They (the militia) want to take advantage of the day," activist Fabrice Kakubuzi told Reuters as authorities said they had fought off the assault.
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UK's oldest convict, 101-year-old child-sex offender, jailed for 13 years | | A 101-year-old man, who last week became the oldest Briton to be convicted of a criminal offence, was jailed for 13 years on Monday for a string of historical sex crimes against two young sisters and their brother. Retired truck driver Ralph Clarke was found guilty of raping and abusing the sisters in the 1970s and early 80s, having earlier admitted indecently assaulting their brother and attempting to rape him when he was a schoolboy. Police said Clarke was the oldest person to have been found guilty of a crime in British legal history and prosecutors said the severity of his offences meant that he should face action despite his age and frail condition. |
U.S. school an antidote to transgender discrimination complaints | | The non-profit private Pride School Atlanta is seen as the first school in the American South focused on the LGBT community and one of few addressing similar concerns in the nation. "They don't have to fight for the right to exist here," Christian Zsilavetz, the school's transgender co-founder and director, said in an interview. Court records and data reviewed by Reuters show a 12-fold surge in transgender student-related civil rights complaints lodged with the U.S. Department of Education - from seven in 2014 to 84 in 2016. |
Poland's political standoff spills into fourth day | | By Marcin Goclowski and Justyna Pawlak WARSAW (Reuters) - Polish opposition lawmakers who accuse the ruling PiS party of undermining democracy and the constitution occupied the main hall of parliament for a fourth day on Monday, amid efforts to defuse Poland's biggest political standoff in years. President Andrzej Duda was due to discuss the situation with the speaker of parliament and Law and Justice (PiS) party chief Jaroslaw Kaczynski. Duda, a PiS ally, met opposition leaders on Sunday.
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Thirty-three die in Siberia after drinking bath oil for alcoholic kicks | | By Peter Hobson MOSCOW (Reuters) - At least 33 residents of the Siberian city of Irkutsk have died after drinking bath oil, hoping it would give them the same sensation as alcohol, Russian investigators said on Monday. Use of counterfeit or surrogate alcohol is rife in Russia's regions, where two years of economic pain have pushed more people below the poverty line, though the death toll from this latest incident is unusually high. "It is a terrible tragedy," Kremlin spokesman Dmitry Peskov told reporters on a conference call. |
Banks may be able to sue EU if denied transitional deal - document | | By Andrew MacAskill and Huw Jones LONDON (Reuters) - Banks in Britain are being advised they may be able to sue the European Union if it fails to grant them a staggered departure from the trading bloc using rights from an arcane treaty that usually governs international law. The advice was given in a document drawn up by some of Britain's largest law firms for banks lobbying to retain so-called passporting rights that allow them to operate across all the EU out of their London bases. The document says there are a number of laws giving them rights for a deal, including the Vienna Convention on the Law of Treaties, that gives them "acquired rights" under a treaty that cannot be suddenly withdrawn.
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Trump's infrastructure splurge would collide with U.S. skilled labor crunch | | By Richard Cowan WASHINGTON (Reuters) - President-elect Donald Trump's drive to rebuild U.S. roads, bridges, ports and other public works projects with a $1 trillion infrastructure investment plan would come as the country faces a shortage of skilled laborers. Before any dirt can be moved, Trump would have to get approval from Congress. More than two-thirds of U.S. roads are in less than good condition and nearly 143,000 bridges need repair or improvement, the Transportation Department estimates.
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New Yorker to be sentenced for 'death ray' plot against Muslims | | A white supremacist convicted on charges that he planned to use a "death ray" to kill Muslims and President Barack Obama is scheduled to be sentenced on Monday in federal court in Albany, New York. Glendon Scott Crawford, 52, a Navy veteran and a self-proclaimed member of the Ku Klux Klan, was found guilty at trial in August 2015 of conspiring with another man to build a radiation dispersal device, dubbed a "death ray" by tabloids. Crawford is the first person to be convicted of attempting to acquire or use a radiological dispersal device, a statute passed by Congress in 2004 to punish individuals who try to set off a so-called "dirty bomb," which combines radioactive material with conventional explosives. |
Friend of South Korea's Park denies charges as trial begins | | By Jack Kim SEOUL (Reuters) - A friend of South Korean President Park Geun-hye at the centre of a corruption scandal that led to Park's impeachment in parliament denied charges of fraud and abuse of power on Monday on the first day of her trial. The friend, Choi Soon-sil, 60, who had not appeared in public since arriving at a prosecutors' office on Oct. 31, was led into court by two correctional officers, her head down, wearing a bulky grey prison suit with a number on her chest. Prosecutors have named Park as an accomplice, although she has immunity from prosecution while in office.
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North Korea diplomat defector says he was disenchanted with Kim regime | | North Korea's former deputy ambassador to Britain said on Monday he defected to South Korea after becoming disenchanted with the North's regime under Kim Jong Un, a South Korean member of parliament said. Thae Yong Ho became the highest-ranking North Korean diplomat to flee the isolated country when he defected to the South in August, in an embarrassing blow to the North. Thae, speaking to some members of South Korean parliament's Intelligence Committee on Monday, denied that he had defected to the South out of fear of punishment after committing a crime, as alleged by North Korea's state media, saying he had anticipated such accusations.
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