Economy Government and Policy

  • A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai

    By Meenakshi Sharma and Krishna N. Das MUMBAI/NEW DELHI (Reuters) - India will introduce gold deposit accounts to utilise the 20,000 tonnes available within the country and launch a sovereign gold bond, the finance minister said on Saturday, but kept the import duty at the record 10 percent in a setback for jewellers. …

  • Brit Awards tumble leaves Madonna with 'little … Reuters - Sat, Feb 28, 2015 7:42 AM SGT
    Singer Madonna falls during her performance at the BRIT music awards at the O2 Arena in Greenwich, London

    Madonna said she suffered whiplash when she was pulled by her cape causing her to fall and hit her head during a performance at the Brit Awards this week. "I had a little bit of a whiplash and I smacked the back of my head, so there was a man standing over me with a flashlight until about 3 a.m. making sure that I was …

  • Asia-Pacific women better educated yet lag behind men … Reuters - Fri, Feb 27, 2015 9:47 PM SGT
    A broker looks at her computer terminal at a stock brokerage firm in Mumbai

    By Kieran Guilbert LONDON (Thomson Reuters Foundation) - Women in the Asia Pacific region lag behind men in securing leadership roles in business and politics despite being better educated, an annual gender equality index revealed on Friday. Female university students outnumber male students in 10 of the 16 countries …

  • Ageing French rockers criticised for jobless jibe at … Reuters - Fri, Feb 27, 2015 8:51 PM SGT

    (Note language that some readers might find offensive) PARIS (Reuters) - A music video by a group of mostly middle-aged French stars telling the young they can succeed only if they "do something" triggered a bitter generational row on Friday, with critics accusing the rich singers of hypocrisy. The row underlined the …

  • Former pop star Gary Glitter sentenced to 16 years … Reuters - Fri, Feb 27, 2015 8:41 PM SGT
    British former pop star Glitter, whose real name is Paul Gadd, leaves Southwark Crown Court in London

    Former British pop singer Gary Glitter, who shot to fame in the 1970s as a "glam-rock" star but was later convicted of child sex crimes, was sentenced to 16 years in prison after being found guilty of indecently assaulting three girls. Glitter, 70, whose real name is Paul Gadd, rose to prominence with the hit song "Rock …

  • Chief economic adviser says new GDP estimates &quo … Reuters - Fri, Feb 27, 2015 6:56 PM SGT
    Chief economic adviser at India's Finance Ministry, Arvind Subramanian, speaks at the Global Business Summit in New Delhi

    NEW DELHI (Reuters) - New estimates of India's gross domestic product (GDP) are "puzzling", Arvind Subramanian, chief economic adviser at the finance ministry, said on Friday, shortly after issuing a report based on the new numbers. A new calculation method, unveiled by the country's statisticians last …

  • Hong Kong's ageing master tailors need a stitch … Reuters - Fri, Feb 27, 2015 11:12 AM SGT
    Tailors work at a workshop at Hong Kong's Tsim Sha Tsui shopping district

    For many tourists, even if they are not former U.S. presidents, a trip to Hong Kong isn't over till they pick up a made-to-measure outfit from one of its family-run tailor shops. As consumers worldwide seek out custom-made clothing to set them apart from the ready-to-wear crowd, the Hong Kong bespoke industry's reputation …

  • Britain's Banksy takes aim at Gaza's privations … Reuters - Fri, Feb 27, 2015 2:12 AM SGT

    By Michael Roddy LONDON (Reuters) - The eminent but anonymous British street artist known as Banksy has posted a mini-documentary on his banksy.co.uk site showing squalid conditions in Gaza six months after the end of the war between the enclave's Islamist Hamas rulers and Israel. Israel was criticised over the large …

  • Consumer prices plunge 0.7 percent on cheaper gas  … Associated Press - Thu, Feb 26, 2015 11:23 PM SGT
    In this Friday, Jan. 23, 2015 photo, Linda Reese delivers a meatloaf dinner to a customer at the Superior Restaurant in Cleveland. The Labor Department reports on consumer prices for January on Thursday, Feb. 26, 2015. (AP Photo/Tony Dejak)

    WASHINGTON (AP) — A plunge in gas prices last month lowered consumer prices by the most in six years. But excluding the volatile food and energy costs, prices rose.

  • Orders for US durable goods up 2.8 percent in Janu … Associated Press - Thu, Feb 26, 2015 10:51 PM SGT
    In this Oct. 22, 2014 photo, workers perform final inspections on 2015 Ford Explorers on the assembly line at the Chicago Ford Assembly Plant in Chicago. The Commerce Department releases its January report on durable goods on Thursday, Feb. 26, 2015. (AP Photo/M. Spencer Green)

    WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods rebounded in January, rising by the largest amount in six months, although much of the strength came from a big jump in airplane orders. A key category that signals business investment plans did manage a small gain.

  • Warnings about hospital sex crimes of UK star Savile … Reuters - Thu, Feb 26, 2015 9:21 PM SGT
    Reports into sexual abuse by Jimmy Savile at Stoke Mandeville hospital are seen before a news conference in central London

    Warnings about Jimmy Savile, the late BBC TV presenter revealed two years ago to have been one of Britain's most prolific sex offenders, who preyed on victims at hospitals where he volunteered, were ignored, official reports said on Thursday. New reports into his activities on Thursday revealed he had abused 60 people …

  • Madonna in unscripted plunge steals show at Brit a … Reuters - Thu, Feb 26, 2015 6:01 PM SGT
    Singer Madonna falls during her performance at the BRIT music awards at the O2 Arena in Greenwich, London

    By Liisa Tuhkanen LONDON (Reuters) - Pop diva Madonna's gasp-inducing "wardrobe malfunction" at a star-studded London awards ceremony grabbed British headlines on Thursday along with photos of her falling backwards downstairs tangled in a swirling cape. From the up-market daily Guardian to the mass circulation Sun, Madonna's …

  • Book Talk: Rachel Joyce's inspiring story set in … Reuters - Thu, Feb 26, 2015 1:05 PM SGT

    By Verity Watkins LONDON (Reuters) - British novelist Rachel Joyce's new novel "The Love Song of Miss Queenie Hennessy" is a curiously inspiring story set in a hospice. The two main characters first appeared in Joyce's bestselling novel "The Pilgrimage of Harold Fry", about a man who walks for weeks across England to …

  • Corrected - Ed Sheeran wins best British record at … Reuters - Thu, Feb 26, 2015 9:24 AM SGT
    Ed Sheeran celebrates after receiving the British Album of the Year award at the O2 Arena in London

    By Liisa Tuhkanen LONDON (Reuters) - (The story was refiled to corrects Sam Smith's Grammy win total to four in paragraph 7) The top British music awards went to young men on Wednesday as Ed Sheeran and Sam Smith bagged the most important trophies in a star-studded Brit Awards show in London. English singer-songwriter …

  • UK lawmakers urge changes to BBC licence fee Reuters - Thu, Feb 26, 2015 8:05 AM SGT
    A man enters BBC New Broadcasting House in London

    By Kate Holton LONDON (Reuters) - The BBC should reduce its output and the television licence fee should eventually be scrapped, a parliamentary committee has said after considering the role of the publicly funded broadcaster in the wake of a string of scandals and industry changes. In a report on the future of the BBC, …

  • Ed Sheeran wins best British record at top UK music … Reuters - Thu, Feb 26, 2015 6:40 AM SGT
    Ed Sheeran celebrates after receiving the British Album of the Year award at the O2 Arena in London

    By Liisa Tuhkanen LONDON (Reuters) - Singer-songwriter Ed Sheeran took home the coveted best album prize at Britain's top music honours on Wednesday for "X" at a star-studded Brit Awards show in London. "I didn't expect it... It's been a very good year for British music", he said. Other winners of the night included …

  • Court orders more community service for Lindsay Lohan … Reuters - Thu, Feb 26, 2015 5:06 AM SGT
    File photo of Lohan at a hearing in Los Angeles Superior Court in Los Angeles

    Actress Lindsay Lohan on Wednesday was ordered to perform 125 additional hours of community service as part of her probation, her lawyer said, following a dispute over whether she performed the work. Lohan, who was not present in Los Angeles Superior Court for the hearing, will have until May 28 to complete the additional …

  • File photograph shows singer Cliff Richard showing off his medal as he leaves Buckingham Palace after picking up his knighthood from Britain's Queen Elizabeth, in central London

    By Michael Holden LONDON (Reuters) - British police investigating allegations of historical sex crimes against Cliff Richard, one of Britain's best-known entertainers, have said their inquiry into the singer had "increased significantly in size". Officers raided the home of Richard, 74, in Berkshire, west of London, last …

  • US new home sales fall slightly in January Associated Press - Wed, Feb 25, 2015 11:46 PM SGT
    In this Jan. 8, 2015 photo, a flag advertising a new home for sale flaps in the breeze in Richmond, Va. The Commerce Department reports on U.S. sales of new homes in January on Wednesday, Feb. 25, 2015. (AP Photo/Steve Helber)

    WASHINGTON (AP) — Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market.

  • Health-conscious Chinese challenge Western food fi … Reuters - Wed, Feb 25, 2015 10:52 PM SGT
    Customer looks at items displayed on shelves at a supermarket in Shenyang

    By Martinne Geller and Adam Jourdan LONDON/SHANGHAI (Reuters) - Chen Chen, a 27-year-old financial analyst in Shanghai, has cut back on bottled milky tea in favour of fresh-squeezed juices. Like more and more of her compatriots, she wants to consume more natural ingredients and less fat and salt. Chinese consumers like …

  • Carole King musical debuts in London with surprise … Reuters - Wed, Feb 25, 2015 8:45 AM SGT

    By Michael Roddy LONDON (Reuters) - American singer-songwriter Carole King showed up unannounced to lead a London theatre audience in her hit "You've Got a Friend" on Tuesday at the West End opening of "Beautiful - The Carole King Musical" based on her life and career. With the cast onstage for curtain calls, and her …

  • North Korean "Snow White" takes to stage … Reuters - Wed, Feb 25, 2015 2:05 AM SGT

    By Michael Roddy LONDON (Reuters) - The tunes were familiar but the words were not as a troupe of deaf and blind North Koreans performed "Snow White and the Seven Dwarfs" and songs from "The Phantom of the Opera" in Britain and France over the past week. North Korea's "Youth Para-Ensemble", including 19-year-old blind …

  • Exotic London burger class puts foodies in the lab Reuters - Wed, Feb 25, 2015 1:13 AM SGT

    By Matilda Egere-Cooper LONDON (Reuters) - At the Experimental Burger Society in central London, diners put on lab coats and safety goggles to create their own dinner from meats as ordinary as beef or as exotic as zebra, kangaroo or ostrich. The Society is a cooking class with a side order of fun and socialising at Bobo …

  • Aerodrums turn thin air into a virtual drum kit Reuters - Wed, Feb 25, 2015 1:11 AM SGT

    By Matthew Stock and Anastasia Gorelova LONDON (Reuters) - Everyone has seen someone play an air guitar that makes no sound. As odd as it looks, the inventors of Aerodrums say it is the first fully drumless drum set, and they have ambitious plans for the product. Developed by Yann Morvan and Richard Lee, research fellows …

  • Designers dabble with decades at London Fashion We … Reuters - Tue, Feb 24, 2015 9:40 PM SGT
    Models present creations from the Burberry Prorsum Autumn/Winter 2015 collection during London Fashion Week

    By Li-mei Hoang LONDON (Reuters) - Designers dabbled with different decades for inspiration at London Fashion Week, offering a heady mixture of patterned flares, oversized sheepskin jackets and printed mini-dresses in their latest collections. Designers also called upon the '60s and '80s for inspiration this season, with …

  • Eddie Redmayne wins first Oscar for 'Theory of … Reuters - Tue, Feb 24, 2015 10:39 AM SGT
    Eddie Redmayne and Hannah Bagshawe arrive at the 2015 Vanity Fair Oscar Party in Beverly Hills

    Eddie Redmayne won his first Oscar on Sunday for his break-out role as physicist Stephen Hawking in the biographical movie "The Theory of Everything." The British actor, 33, took home the Academy Award for best actor for playing Hawking and the disabling complications of a motor neuron disease, known as Lou Gehrig's disease …

  • Stars take Oscars out to play at after parties Reuters - Mon, Feb 23, 2015 4:50 PM SGT
    Steve Carell and Juilianne Moore at the Governors Ball at the 87th Academy Awards in Hollywood

    By Piya Sinha-Roy LOS ANGELES (Reuters) - The Oscars may be over, but Hollywood was not done celebrating its biggest night on Sunday as the film industry took Academy Award winners and their statuettes out for an extended spin through glamorous after-parties. As the Oscars ceremony wrapped up with "Birdman" winning the …

  • Factbox - Oscar winners in key categories Reuters - Mon, Feb 23, 2015 1:17 PM SGT
    Director Alejandro Inarritu is congratulated by actor Michael Keaton as he walks to accept the Oscar for Best Director his film "Birdman" at the 87th Academy Awards in Hollywood, California

    LOS ANGELES (Reuters) - The Academy of Motion Picture Arts and Sciences held the 87th Academy Awards at a ceremony on Sunday. Following is a list of winners in leading categories. BEST PICTURE "Birdman or (The Unexpected Virtue of Ignorance)" BEST ACTOR Eddie Redmayne, "The Theory of Everything" BEST …

  • Factbox - Oscar nominations in key categories Reuters - Sun, Feb 22, 2015 9:33 PM SGT
    A worker places flowers at the base of an Oscar statue at the entrance to the Dolby Theater as preparations continue for the 87th Academy Awards in Hollywood

    LOS ANGELES (Reuters) - The Academy of Motion Picture Arts and Sciences will hold the 87th Academy Awards at a ceremony on Sunday. Following is a list of nominees in leading categories. ...

  • London designers pin hopes on next generation of online … Reuters - Sun, Feb 22, 2015 9:31 PM SGT
    Macdonald reacts at the end of his Autumn/Winter 2015 collection show at London Fashion Week in London

    By Li-mei Hoang LONDON (Reuters) - Britain's designers took to the stage at London Fashion Week over the weekend to showcase modern elegance and eclectic design, amid hopes the next generation of online shoppers would help boost sales in coming years. Designer Jasper Conran filled the catwalk with leaves to create an …

  • With eye on Oscars, Tom Ford shows latest collection … Reuters - Sat, Feb 21, 2015 4:29 PM SGT
    Designer Tom Ford on catwalk after presentation of his Spring/Summer 2014 collection during London Fashion Week

    By Piya Sinha-Roy LOS ANGELES (Reuters) - When Tom Ford learned his upcoming London Fashion Week runway show was scheduled for the day after Hollywood's Oscars night, where celebrity fashion on the red carpet is closely watched, he made a quick decision to make sure all eyes were on him. "I wasn't going to try to compete …

  • Civil rights groups to protest Oscars over lack of … Reuters - Sat, Feb 21, 2015 9:22 AM SGT

    Civil rights groups are calling for a boycott of Sunday's Oscars ceremony in Los Angeles to demand more diversity among Academy Awards voters after no actors from ethnic minority groups earned nominations this year, organizers said on Friday. Activist and political commentator Al Sharpton's National Action Network, civil …

  • London's fashion pack turns focus to business for … Reuters - Sat, Feb 21, 2015 1:26 AM SGT
    Models present creations for the Eudon Choi Autumn/Winter 2015 collection at London Fashion Week

    Britain's emerging talent kicked off the first day of London Fashion Week with designs featuring oversized coats, geometric shapes and voluminous skirts, amid hopes online demand for luxury goods is growing stronger. Delicate embroidered dresses paired with cropped jackets highlighted Turkish designer Bora Aksu's show …

  • Eight days on edge may seal documentary Oscar for  … Reuters - Fri, Feb 20, 2015 5:29 AM SGT
    Filmmaker Laura Poitras, producer Dirk Wilutzky and producer Mathilde Bonnefoy from the Oscar-nominated documentary feature "Citizenfour" pose at a reception ahead of the upcoming 87th Academy Awards ceremony in Beverly Hills

    By Eric Kelsey LOS ANGELES (Reuters) - Unlike the often long, arduous slog of making documentary films, with subjects sometimes followed for years, the bulk of Oscar contender "Citizenfour" came together in eight dramatic days. Inside the Hong Kong luxury hotel room of National Security Agency whistleblower Edward Snowden, …

  • Book Talk: Sophie Kinsella on finding comedy in sh … Reuters - Thu, Feb 19, 2015 9:15 PM SGT
    British author Sophie Kinsella poses for photographers as she arrives for the British premiere of the film "Confessions of a Shopaholic" at Leicester Square in London

    By Ngozi Kemjika NEW YORK (Reuters) - Best-selling English author Sophie Kinsella is back in shopping mode with her latest novel, “Shopaholic to the Stars,” which takes her intrepid heroine to Hollywood. It has been four years since the release of the last book in the best-selling series about the life of a former financial …

  • Factbox - 2015 Oscar nominations in key categories Reuters - Thu, Feb 19, 2015 9:12 PM SGT
    Keaton poses after collecting the award for best cinematography on behalf of Lubezki for "Birdman" at the BAFTA awards in London

    LOS ANGELES (Reuters) - The Academy of Motion Picture Arts and Sciences will hold the 87th Academy Awards at a ceremony on Sunday. Following is a list of nominees in leading categories. ...

  • Oscars may prompt more Hollywood introspection than … Reuters - Thu, Feb 19, 2015 9:11 PM SGT
    A woman spray paints Oscar statues in a parking lot in preparation for the 87th Academy Awards in Hollywood

    By Mary Milliken LOS ANGELES (Reuters) - To the outside world, Hollywood might ooze effortless glamour, but just about anyone who makes movies will say the process is a long grind, and a continual blow to the ego and bank account.

  • Marigold Hotel's Dench still driven by lure of … Reuters - Thu, Feb 19, 2015 4:52 PM SGT
    Actress Dench arrives at the Royal Film Performance and world premiere of the film, "The Second Best Exotic Marigold Hotel", at Leicester Square

    By Patrick Graham LONDON (Reuters) - After a career spanning seven decades, Oscar-winning actress Judi Dench rails against the notion of enforced retirement every bit as much as the character she plays in her latest film. The Second Best Exotic Marigold Hotel renews our acquaintance with a guest list of fading Brit retirees …

  • Drake's stealth release flies to top of Billboard … Reuters - Thu, Feb 19, 2015 5:01 AM SGT
    Drake performs during the iHeartRadio Music Festival in Las Vegas

    Hip-hop star Drake's surprise release "If You're Reading This, It's Too Late" shot to the top of the Billboard 200 chart on Wednesday, and helped relegate reigning queen Taylor Swift's "1989" to the No. 5 spot. Taking a page from Beyonce's book, Drake released his album on iTunes last Friday with no advance warning and …

  • Grateful Dead duo, Cyndi Lauper lead Songwriters Hall … Reuters - Thu, Feb 19, 2015 2:37 AM SGT
    GRATEFUL DEAD LYRICIST ROBERT HUNTER PERFORMS WITH SURVIVING MEMBERS OF
THE BAND IN WISCONSIN.

    Grateful Dead songwriting duo Jerry Garcia and Robert Hunter, country music star Toby Keith and "Time After Time" singer Cyndi Lauper will be inducted into the Songwriters Hall of Fame later this year, the organization said on Wednesday. They will be joined by "Hoochie Coochie Man" blues songwriter Willie Dixon and Bobby …

  • US factory output rose a modest 0.2 percent in Jan … Associated Press - Wed, Feb 18, 2015 11:53 PM SGT
    In this photo made on Thursday, Feb. 12, 2015, a workers grinds parts used to build fans for industrial ventilation systems at the Robinson Fans Inc. plant in Harmony, Pa. The Federal Reserve releases industrial production figures for January on Wednesday, Feb. 18, 2015. (AP Photo/Keith Srakocic)

    WASHINGTON (AP) — U.S. factory production edged up last month as manufacturers cranked out more computers, clothing and steel and other metals, offsetting declines in autos and aerospace.

  • US wholesale prices drop 0.8 percent in January Associated Press - Wed, Feb 18, 2015 11:49 PM SGT
    FILE - In this Jan. 23, 2015 file photo, the posted cash price for regular unleaded is $1.71, as seen through a pump handle at a gas station in downtown Newark, N.J. The Labor Department reports on U.S. producer price inflation in January on Wednesday, Feb. 18, 2015. (AP Photo/Julio Cortez, File)

    WASHINGTON (AP) — U.S. wholesale prices fell by a record amount in January, led by the biggest drop in gasoline prices in six years.

  • Art exports from Britain reach record high Reuters - Tue, Feb 17, 2015 1:49 AM SGT
    Art pieces wait to be hung at the Banksy: The Unauthorised Retrospective exhibition at Sotheby's S2 Gallery in London

    The value of art exports from Britain reached a record high last year as buyers from around the world took advantage of London's thriving art scene and light-touch export regulations, according to a study on Monday. The study, by Thomson Reuters legal business, said art works worth 11.3 billion pounds ($17.4 billion) were …

  • Oscar-nominated 'Imitation Game' fights cause … Reuters - Mon, Feb 16, 2015 11:09 PM SGT
    Morten Tyldum, director of the film "The Imitation Game" and his wife Janne Tyldum pose on arrival at the 21st annual Screen Actors Guild Awards in Los Angeles

    Nominated for eight Oscars on Feb. 22, "The Imitation Game" tells the story of mathematician Alan Turing, who worked with a secret group of government cryptologists during World War Two to break Nazi Germany's wartime code and saved countless lives. Turing, played by Benedict Cumberbatch, went uncredited for his work and …

  • Sam Smith tops Britain's album chart after Grammys … Reuters - Mon, Feb 16, 2015 11:45 AM SGT
    Sam Smith poses with his awards during the 57th annual Grammy Awards in Los Angeles

    Sam Smith's "In The Lonely Hour" returned to the top of the British album chart on Sunday, a week after the 22-year-old won four Grammy awards including record and song of the year, the Official Charts Company said. The British soul singer's million-selling debut, which climbed from four back to the top of the rankings, …

  • Actor Benedict Cumberbatch marries Sophie Hunter on … Reuters - Mon, Feb 16, 2015 1:20 AM SGT
    Actor Cumberbatch and his fiancee Hunter arrive at the British Academy of Film and Arts (BAFTA) awards ceremony in London

    Oscar nominee and "Sherlock" star Benedict Cumberbatch and theater director Sophie Hunter were married on the Isle of Wight on Valentine's Day, his publicist said on Sunday. "Benedict and Sophie were married yesterday surrounded by their close friends and family. It was a magical day," publicist Karon Maskill said in …

  • Michele Ferrero, owner of Nutella empire, dies at  … Reuters - Sun, Feb 15, 2015 1:59 PM SGT
    Michele Ferrero: Πέθανε ο «πατέρας» της Nutella!

    By Giancarlo Navach and Agnieszka Flak MILAN (Reuters) - Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday aged 89, the company said. His death opens the question of succession and potential tie-ups at the family-controlled Ferrero group, which has sales …

  • Ahead of Oscars, Boyhood's Linklater reflects on … Reuters - Sun, Feb 15, 2015 2:01 AM SGT
    Director Richard Linklater poses at The Hollywood Reporter's 3rd annual Nominees Night to honor the 2015 Academy Award nominees at Spago in Beverly Hills

    By Piya Sinha-Roy LOS ANGELES (Reuters) - After 12 years of filming "Boyhood" and a year promoting it, director Richard Linklater is finding it hard to fathom saying goodbye to a project that he calls deeply personal in its reflections of the modern American family. "This film and the way we shot it for so long, I don't …

  • TV enters the Berlin film festival scene in big wa … Reuters - Sat, Feb 14, 2015 11:03 PM SGT
    International jury of 65th Berlinale International Film Festival poses for photos in Berlin

    By Michael Roddy BERLIN (Reuters) - The line between television and cinema has been further blurred this year as the Berlin International Film Festival and the European Film Market (EFM) give significant space to TV drama for the first time. The jury due to hand out the main awards on Saturday evening even includes Matthew …

  • 'Fifty Shades' goes global, but film too hot … Reuters - Sat, Feb 14, 2015 5:57 AM SGT
    A film poster for "Fifty Shades of Grey" is pictured at Regal Theater in Los Angeles

    By Lisa Richwine LOS ANGELES (Reuters) - The steamy novel "Fifty Shades of Grey" is a global phenomenon, but fans in China and other countries will not be able to see the movie version in theaters even though the sex scenes have has been toned down for the big screen. The film adaptation opened this week in 57 international …

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