LONDON — The British bank HSBC, in a major revamping of its global strategy, said on Tuesday that it would shed as many as 50,000 jobs as it sells several underperforming businesses, reduces the size of its global investment banking business and aims to cut billions in costs. … [Read more...]
Turkey’s Ruling Party Loses Parliamentary Majority – New York Times
ISTANBUL — Turkish voters delivered a rebuke on Sunday to President Recep Tayyip Erdogan as his party lost its majority in Parliament in a historic election that thwarted his ambition to rewrite Turkey’s Constitution and further bolster his clout. … [Read more...]
Tough-Talking El Bronco Poised to Take Mexican Governor’s Race
MEXICO CITY — A cussing rancher known as El Bronco, who made Mexico’s first serious run for governor as an independent candidate, handily defeated his competition on Sunday, according to exit polls, in a race closely watched as a sign of voter frustration with entrenched, established parties they see as ineffectual and corrupt. … [Read more...]
Texas Cop Put on Leave After Video of Arrest Surfaces
A McKinney, Texas, police officer has been put on administrative leave after a video surfaced of him forcing a 14-year-old girl in a bikini to the ground and kneeling on her back and then drawing his gun on others who came to her aid. … [Read more...]
Letter From Jerusalem: Profit as an Incentive for Israeli-Palestinian Peace
JERUSALEM - Supporters of a two-state solution to the Israeli-Palestinian conflict generally start with a moral argument: Both peoples deserve the rights of self-determination and sovereignty; one should not rule over the other. Lately, President Obama and liberal American Jewish leaders also frame their case in security terms, saying Israel cannot survive as a Jewish … [Read more...]
Cavaliers 95, Warriors 93, Overtime: N.B.A. Finals: Matthew Dellavedova Shines in Cavaliers’ Taut Win
OAKLAND, Calif. - For better or worse, Matthew Dellavedova has a knack for making himself the story. Stepping into Clevelandâs starting lineup for the injured All-Star Kyrie Irving on Sunday night, Dellavedova hit two free throws with 10.1 seconds left in overtime. … [Read more...]
Behind Scott Walker, a Longstanding Conservative Alliance Against Unions
MADISON, Wis. - Less than a week after he was elected governor of Wisconsin in 2010, Scott Walker went to Milwaukee at the invitation of his political patron, Michael W. Grebe. … [Read more...]
Face of Soccer in Canada, on Field and on Stamps
EDMONTON, Alberta - GCanada had just been eliminated from the 2011 Women's World Cup. Its captain, Christine Sinclair, sat on the turf, crying, angry, desolate. Her nose had been broken earlier in the tournament in Germany. Now, after a 4-0 rout by France in group play, her spirit felt broken as well. … [Read more...]
N.B.A. Finals: In Overtime, Missed Shots and Foul Calls Were the Key
For the first time in N.B.A. finals history, Games 1 and 2 went to overtime. Once again, fans were treated to five tense, vital minutes between two of the best teams in basketball, the Golden State Warriors and the Cleveland Cavaliers. … [Read more...]
Strange session for China’s Shenzhen, Shanghai
Investors watch a digital screen displaying the prices of China’s stock market in Hangzhou, Zhejiang province of China. It’s a mixed day overseas. Europe is down modestly as Greece negotiations drag on and Germany enters correction territory. The DAX is down 10 percent from its April 10 historic high. … [Read more...]