NASSAU, Bahamas (AP) Ã¢Â€Â” A cluster of storms in the northern Caribbean headed toward the Bahamas on Saturday as meteorologists warned it could soon strengthen into a tropical depression or a tropical storm.
LIVERPOOL, England (AP) Ã¢Â€Â” Diego Costa kept up the prolific start to his Chelsea career on Saturday, setting the title favorites on their way to a 2-0 win over Leicester and a second straight victory to open the Premier League.
(Reuters) - The Cleveland Cavaliers have sent top overall draft pick Andrew Wiggins and former number one pick Anthony Bennett to the Minnesota Timberwolves for prized All-Star forward Kevin Love as part of a blockbuster three-team deal. Cleveland also sent a protected 2015 first-round pick to the Philadelphia 76ers, who will acquire guard Alexey Shved and forward Luc Richard Mbah a Moute from the Timberwolves in exchange for veteran forward Thaddeus Young in the multi-player trade.
(Reuters) - The United States team will travel to Spain without some of the sport's biggest names to defend their title at the Basketball World Cup after a selection process described as one of the "most difficult" in recent years. With marquee players LeBron James, Carmelo Anthony, Kobe Bryant, Kevin Durant and Kevin Love opting out of selection and All-Star Paul George hurt, the U.S.
By Howard Schneider JACKSON HOLE Wyo. (Reuters) - Japan's labor market is showing "significant improvement," though it still faces challenges including a large share of part-time workers in the service sector, Bank of Japan Governor Haruhiko Kuroda said on Saturday. Wage growth is critical to reverse deflation and for that to happen "it is necessary to have some kind of coordinated mechanism," Kuroda said at a central banking conference here, adding that the Bank of Japan's quantitative easing stimulus is helping Japan escape from a deflationary cycle of falling wages and demand. "The Bank of Japan's price stability target can serve as a benchmark for wage setting," he added, speaking on a panel alongside central bankers from Brazil and Britain. "Once the bank has succeeded in firmly anchoring (inflation) expectations at 2 percent this could provide the basis on which wage negotiations are conducted." The Bank of Japan deployed an intense burst of monetary stimulus last April, when it pledged to double its money base with the quantitative easing program of asset purchases.
Reginald Rounds was among those present at the Federal Reserve's high-flying monetary conference here, enjoying the chance to button hole two top officials of the U.S. He was among a group of activists who gathered on the sidelines of the Fed's annual symposium wearing green t-shirts with "What Recovery?" on the front and a chart depicting sluggish U.S. The coalition, consisting of more than 70 organizations, released an open letter to Fed officials earlier this week urging them to hold off on interest rate hikes until wages were rising more swiftly.
FREETOWN, Sierra Leone (AP) Ã¢Â€Â” Sierra Leone has passed a new law imposing possible jail time for anyone caught hiding an Ebola patient Ã¢Â€Â” a common practice that the World Health Organization believes has contributed to a major underestimation of the current outbreak.