latest news

New York removes misleading nuclear fallout shelter signs
NEW YORK (Reuters) - New York City has quietly begun removing some of thecorroding yellow nuclear fallout shelter signs that were appended to thousands of buildings in the 1960s, saying many are misleading Cold War relics that no longer denote functional shelters.

latest news

latest news

A quick summary of the latest currency news and oil today in some countries

The stability of the currencies and the global economy in the stability of this month between the rise and fall slightly

Where the dollar continues to stabilize in many countries

While gold continues to remain stable this mont

latest news

GE to keep Rochester plant open

(Reuters) - U.S. industrial conglomerate General Electric Co said on Wednesday it would keep its plant running in Rochester, New York, retaining all employees at the facility for now.

FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo

Boston-based GE in August was reportedly planning to close the plant by June 2018, and move the work to China. The plant, part of GE’s troubled power business, assembles electronic boards and employs about 100 people.

As part of an “exhaustive review” of GE Power’s operations “we have determined that, at this time, we are best able to serve our customers by keeping manufacturing and assembly operations for our industrial communications product line in Rochester,” GE said in an emailed statement on Wednesday.

GE added that it was not offered any incentives by the state government to stay in Rochester.

Earlier this month, GE said it would axe 12,000 jobs at its power business, which sells electrical generation equipment.

GE launched the cuts to save $1 billion in 2018 at the power unit, as it expects dwindling demand for fossil-fuel power plants to continue.

Reporting by Rachit Vats and Ankit Ajmera in Bengaluru; Editing by Maju Samuel

Our Standards:The Thomson Reuters Trust Principles.

Gunman opens fire in Moscow pastry factory, killing one

Gunman opens fire in Moscow pastry factory, killing one
MOSCOW (Reuters) - A gunman opened fire in a pastry factory in Moscow, killing a
 guard early on Wednesday, officials said.

The man, identified by prosecutors as the factory’s former director Ilya Averyanov, told a radio station over the phone he 

latest news