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1China's yuan joins elite club of IMF reserve currencies

A 100 Yuan note is seen in this illustration picture in BeijingChina's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power. The yuan joins the U.S. dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket, which determines currencies that countries can receive as part of IMF loans. It marks the first time a new currency has been added since the euro was launched in 1999.The IMF is adding the yuan, also known as the renminbi, or "people's money", on the same day that the Communist Party celebrates the founding of the People's Republic of China in 1949.


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213 dead, 20 still missing in China after typhoon landslides

Rescuers use heavy equipment to dig in the rubble of a house that was destroyed in a landslide in Sucun village in eastern China's Zhejiang Province Thursday, Sept. 29, 2016. Several dozen people were reported missing Thursday after rain-saturated hillsides collapsed onto villages in China following a typhoon. (Chinatopix via AP)BEIJING (AP) ? Thirteen people have been confirmed dead in two landslides after a major typhoon lashed southeastern China, with the prospect of the toll rising further as rescue crews continued Saturday to search for 20 missing people.


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3Philadelphia Orchestra goes on strike, cancels opening gala
PHILADELPHIA (AP) ? The Philadelphia Orchestra has gone on strike, canceling an opening night performance that about 1,000 people had come to hear.
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4Philadelphia Orchestra strikes moments before gala

Aretha Franklin (R) and Condoleezza Rice (L) are seen performing with the Philadelphia Orchestra at the Mann Center for Performing Arts in Philadelphia, PennsylvaniaMusicians of the Philadelphia Orchestra went on strike Friday moments before donors opened a black-tie gala, in the latest labor unrest in the tight-belted US classical music world. The musicians held up picket signs at the door rather than play at the gala, where they would have performed a selection under its star conductor Yannick Nezet-Seguin, a Canadian recently named as music director of the Metropolitan Opera in New York.


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5WTA boss mulling radical format shake-up

Petra Kvitova during her gripping three-and-a-half-hour win over world number one Angelique Kerber in WuhanWomen's tennis boss Steve Simon said he's considering introducing super tie-breakers and no-ad scoring for singles matches in a radical move to shorten them and make them more TV-friendly. The much-criticised season schedule is also in the crosshairs with plans to split the calendar into "premium" events and "pathway" tournaments and reduce the load on players, Simon told AFP. "To think that we don't need to adjust our format so we can play matches that are 60 to 90 minutes in length as opposed to three hours, I think is very short-sighted," he said in an interview at the Wuhan Open in China.


 
 

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