Reuters

LONDON (Reuters) - Britain's Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry-wide probe into lenders' exposure to the private equity industry.

The Bank of England in April said very few banks had a clear idea of their "holistic" exposures to private equity, putting them at risk of a "large loss".

Rebecca Jackson, the... (continue reading...)

By Mei Mei Chu

BEIJING (Reuters) - Chinese firms have asked the government to launch an anti-dumping investigation into pork imports from the European Union, as well as an anti-subsidy investigation into EU dairy, according to state media.

The move, seen as retaliation for new EU tariffs of up to 38.1% on imported Chinese elective vehicles from July, may risk escalating trade tensions.

Below are industries that may be... (continue reading...)

By Alvise Armellini

VATICAN CITY (Reuters) - It's OK to make fun of God as long as the joke is not offensive, Pope Francis said on Friday in a special audience with about 100 comedians, actors and writers from around the world.

Those meeting him at the Vatican included U.S. showbiz celebrities Whoopi Goldberg, Jimmy Fallon, Conan O'Brien, Chris Rock and Stephen Colbert. Around two thirds of the guests were Italians.

"Can we... (continue reading...)

BARI, Italy (Reuters) - The Group of Seven leaders warned Iran on Friday against advancing its nuclear enrichment programme and said they would be ready to enforce new measures if Tehran were to transfer ballistic missiles to Russia, according to a draft communique.

"We urge Tehran to cease and reverse nuclear escalations, and stop the continuing uranium enrichment activities that have no credible civilian justifications," the statement seen by Reuters... (continue reading...)

SAN FRANCISCO (Reuters) - Elon Musk's $56 billion pay package won an overwhelming 77% of votes cast by Tesla investors at its annual meeting, a company filing showed on Friday, despite vocal opposition from a number of institutional investors and proxy advisory firms.

The filing did not break down the vote based on the type of investor, but it underscored the support that Musk enjoys from retail investors, many of whom are fans of the mercurial... (continue reading...)