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☆ Chipmaker TSMC says supplier targeted in cyberattack
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

June 30 (Reuters) - Taiwan Semiconductor Manufacturing Co (2330.TW) said on Friday that a cybersecurity incident involving one of its IT hardware suppliers has led to the leak of the vendor's company data. "TSMC has recently been aware that one of our IT hardware suppliers experienced a cybersecurity incident which led to the leak of information pertinent to server initial setup and configuration," the company said. TMSC confirmed in a statement to Reuters that its business operations or customer information were not affected following the cybersecurity incident at its supplier Kinmax. The TSMC vendor breach is part of a larger trend of significant security incidents affecting various companies and government entities. TSMC said it has cut off data exchange with the affected supplier following the incident.

Persons: TSMC, TMSC, Akriti Sharma, James Pearson, Shailesh Organizations: Taiwan Semiconductor Manufacturing, Thomson Locations: U.S

☆ Fox News says Jesse Watters to succeed Tucker Carlson as host of key prime-time slot
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Fox News said on Monday that network veteran Jesse Watters would be the host of a key prime-time slot left vacant by the exit of top-rated host Tucker Carlson. Watters will move to the 8 p.m. slot, starting July 17, with his opinion program "Jesse Watters Primetime", which was launched last year as a 7 p.m. show, Fox News said. Carlson's talk show, "Tucker Carlson Tonight," was the highest-rated cable news program among the same demographic on the most-watched U.S. cable news network. In the weeks following Carlson's departure, Fox had filled the 8 p.m. slot with "Fox News Tonight," which was hosted by a rotating crew of Fox News personalities. Reporting by Akriti Sharma and Akash Sriram in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Jesse Watters, Tucker Carlson, Carlson, Watters, Fox, Donald Trump, Mark Cuban, Laura Ingraham, Greg Gutfeld, Sean Hannity, Akriti Sharma, Akash Sriram, Anil D'Silva Organizations: Fox News, Fox Corp, Dominion Voting Systems, Thomson Locations: Bengaluru

The resignations of GV Ravishankar of Peak XV Partners, earlier Sequoia Capital India, Russell Dreisenstock of Prosus, and Chan Zuckerberg Initiative's Vivian Wu mean Byju's board now only comprises the founder's family. In a statement to Reuters on Friday, Byju's said it is in discussions with investors about reshaping the board, including the addition of independent directors. A "few" investors had to vacate their board seats as their shareholding dropped below the required minimum threshold, necessitating a board reshuffle, it said. The confirmation of the resignations comes after Reuters and other media outlets reported on Thursday that three Byju's board members had quit recently. On Friday, sources told Reuters that the edtech was asking its three global investors to reconsider their decision to quit its board.

Persons: Russell Dreisenstock, Chan Zuckerberg, Vivian Wu, Byju's, Akriti Sharma, Shivani Tanna, Shounak Dasgupta, Anil D'Silva Organizations: GV, XV Partners, Sequoia Capital, Blackrock, Reuters, Deloitte, Thomson Locations: Sequoia, Sequoia Capital India, Bengaluru

☆ US banking regulator seeks bids for Silicon Valley Bank's German assets
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

June 15 (Reuters) - The U.S. banking regulator is seeking bids for the sale of collapsed Silicon Valley Bank's German assets, according to a Thursday notice posted on its website. The regulator said it will open the German branch's data room to eligible bidders on June 20, adding that participants must hold lending authorization in Germany. This comes in the wake of reports last week from local German media, which said that SVB's German branch was in search of a potential buyer. In March, Silicon Valley Bridge Bank was granted permission by German financial regulator BaFin to conduct its lending business through its SVB Germany branch. HSBC (HSBA.L), which acquired the UK arm of SVB, has been floated as a potential buyer, according to media reports.

Persons: BaFin, Niket Nishant, Akriti Sharma, Krishna Chandra Eluri Organizations: U.S, Federal Deposit Insurance Corporation, Bank, HSBC, Financial, Thomson Locations: U.S, Frankfurt, Berlin, Germany, Silicon, Bengaluru

☆ Magnitude 4.8 earthquake strikes France
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: 1 min

June 16 (Reuters) - An earthquake of magnitude 4.8 struck France on Friday, the German Research Center for Geosciences (GFZ) said. The earthquake's epicenter was near a commune in the Charente-Maritime region of western France, at a depth of 10 km (6.21 miles), GFZ said. There was no immediate information on casualties or damage from the quake. The GFZ revised an earlier measurement of a 5.5 magnitude earthquake. Reporting by Akriti Sharma in Bengaluru; Editing by Frank Jack Daniel and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: GFZ, Akriti Sharma, Frank Jack Daniel, Jonathan Oatis Organizations: German Research Center, Geosciences, Thomson Locations: France, Charente, Maritime, Bengaluru

☆ Earthquake of magnitude 7.2 strikes near Tonga
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: 1 min

June 15 (Reuters) - An earthquake of magnitude 7.2 struck near Tonga in the South Pacific Ocean on Friday, according to the U.S. Geological Survey (USGS). The earthquake's epicenter was located about 280 km (174 miles) southwest of Tonga, at a depth of 167.4 km (104 miles), according to USGS. The U.S. Tsunami Warning System said there was no tsunami threat for the U.S. West Coast, British Columbia, or Alaska following the quake. Australia's Bureau Of Meteorology also said there was no tsunami threat to Australia. The European Mediterranean Seismological Centre (EMSC) initially reported a magnitude of 7 for the earthquake near the southern region of the Fiji Islands.

Persons: Akriti Sharma, Sandra Maler Organizations: . Geological Survey, U.S ., Meteorology, Seismological, Thomson Locations: Tonga, U.S, U.S . West Coast , British Columbia, Alaska, Australia, Fiji Islands, Bengaluru

☆ EU regulators may demand Google to sell part of ad-tech business - source
▼ + stars: | 2023-06-12 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

June 12 (Reuters) - European Union antitrust regulators may order Alphabet Inc's (GOOGL.O) Google to sell a part of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday. However, frustration has been mounting after Google failed to address competition concerns, the source said. The Commission and Google did not immediately respond to Reuters' requests for comment. Google is the most dominant digital advertising platform in the world with a 28% market share of global ad revenue, according to research firm Insider Intelligence. Google's dominance in online advertising has been increasingly questioned over the past few years.

Persons: Nilutpal Timsina, Akriti Sharma, Maju Samuel, Rashmi Organizations: Union, Google, Reuters, European Commission, Commission, Intelligence, United, Wall, Thomson Locations: United States

MILAN, June 10 (Reuters) - U.S. fund KKR (KKR.N) strengthened its lead in the race to secure the landline grid of Telecom Italia (TIM) (TLIT.MI) when it offered to raise its bid by up to or over 2 billion euros ($2.2 billion), two people with knowledge of the matter said. The value of KKR's offer could top 23 billion euros overall, widening the gap with a rival proposal by a consortium comprising Italian state lender CDP and Australian fund Macquarie (MQG.AX). The improved offer would still be short of a valuation of more than 30 billion euros for the grid sought by TIM's top shareholder Vivendi (VIV.PA). Sources had previously told Reuters that both Labriola and some leading Italian officials already saw KKR as the strongest bidder prior to Friday's proposal. TIM's board meets to review the proposals on June 19 and is expected to take a decision on June 22.

Persons: Pietro Labriola's, Labriola, KKR, Macquarie, Akriti Sharma, Elvira Pollina, Marguerita Choy, Leslie Adler Organizations: MILAN, KKR, Telecom Italia, Macquarie, Vivendi, Reuters, TIM, Thomson Locations: ServCo, NetCo, Bengaluru, Milan

☆ Twitter to pay verified creators for ads in replies, Musk says
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

June 9 (Reuters) - Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk said on Friday. "Note, the creator must be verified and only ads served to verified users count," Musk, the billionaire who bought Twitter last October, said in a tweet. loadingSince Tesla (TSLA.O) CEO Musk acquired Twitter, the platform has struggled to retain advertisers, who have been wary about the placement of their ads after the company laid off thousands of employees. The move comes as Twitter's newly named CEO, Linda Yaccarino, an advertising veteran from NBCUniversal, is about to take the helm at the social media platform. Reporting by Akriti Sharma in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Musk, Linda Yaccarino, Akriti Sharma, Leslie Adler Organizations: Twitter, Thomson Locations: NBCUniversal, Bengaluru

MILAN, June 9 (Reuters) - Telecom Italia (TIM) (TLIT.MI) said on Friday it received two new offers for its landline grid as Italy's biggest telecoms group seeks to resolve the impasse over the sale of its main asset. U.S. fund KKR (KKR.N) and a rival consortium comprising state lender CDP and Australian fund Macquarie (MQG.AX) separately submitted bids for Telecom Italia's network, according to a statement. Debt-crippled TIM had sought improved offers for its most valuable asset after having assessed as not yet adequate the proposals received in May. The antitrust problems are linked to CDP and Macquarie's owning fibre optic wholesale provider Open Fiber. Treasury-owned CDP is the second-largest investor in TIM after France's Vivendi (VIV.PA) with a 10% stake.

Persons: Pietro Labriola's, Akriti Sharma, Elvira Pollina, Marguerita Choy, Leslie Adler Organizations: MILAN, Telecom Italia, KKR, Macquarie, Telecom Italia's, TIM, Treasury, France's Vivendi, Thomson Locations: Bengaluru, Milan

June 6 (Reuters) - Salesforce Inc (CRM.N) CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its slowest quarterly revenue growth since 2010. Miguel Milano has been appointed as the chief revenue officer, the source said, adding that Ariel Kelman will take over as Salesforce's chief marketing officer. After a previous tenure of nearly a decade at Salesforce, Milano will make a return from his recent position at software company Celonis. Kendall Collins, who will step into the role of chief of staff for Benioff, had worked as CMO at Okta and Cisco's AppDynamics. Salesforce President and Chief Operating Officer Brian Millham would be assuming new duties such as marketing, employee success and business technology, the source said.

Persons: Marc Benioff, Miguel Milano, Ariel Kelman, Milano, Celonis, Kelman, Kendall Collins, Brian Millham, Salesforce, Benioff, Kanjyik Ghosh, Akriti Sharma, Anirudh, Sherry Jacob, Phillips Organizations: Salesforce, Reuters, Amazon Web Services, Oracle, Inclusive, Microsoft Corp, Amazon.com Inc, Thomson Locations: Salesforce, Okta, Bengaluru

☆ EU considers mandatory ban on using Huawei to build 5G - FT
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: 1 min

[1/2] European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 5, 2020. REUTERS/Yves Herman//File PhotoJune 6 (Reuters) - The European Union is considering a mandatory ban on member states using companies deemed to present a security risk in their 5G networks, including Chinese telecoms group Huawei, the Financial Times reported on Tuesday, citing officials with knowledge of the discussion. Reporting by Akriti Sharma in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Akriti Sharma, Sherry Jacob, Phillips Organizations: European Commission, REUTERS, European, Huawei, Financial Times, Thomson Locations: Brussels, Belgium, European Union, Bengaluru

June 3 (Reuters) - At least 233 people were killed and 900 were injured when two passenger trains collided in India's Odisha state, a government official said on Saturday, making the rail accident the country's deadliest in more than a decade. The death toll from Friday's crash is expected to rise, the state's Chief Secretary Pradeep Jena said on Twitter. Early on Saturday morning, Reuters video footage showed police officials moving bodies covered in white cloths off the railway tracks. [1/5] A drone view shows derailed coaches after two passenger trains collided in Balasore district in the eastern state of Odisha, India, June 3, 2023. Although Chief Secretary Jena and some media reports have suggested a freight train was also involved in the crash, railway authorities have yet to comment on that possibility.

Persons: Pradeep Jena, sobbed, Naveen Patnaik, Abinaya Vijayaraghavan, Akriti Sharma, Jatindra, Subrata Nag Choudhury, Edwina Gibbs Organizations: Twitter, Reuters, REUTERS, Stringer Authorities, Ministry of Railways, Jena, Force, Indian Railways, Thomson Locations: India's Odisha, Balasore, Howrah, Bangalore, Howrah , West Bengal, Kolkata, Chennai, Balasore district, Odisha, India, Odisha's, Bengaluru, Bhubaneswar

☆ Factbox: India's deadliest rail accidents
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

June 3 (Reuters) - At least 207 people were killed and 900 injured when two passenger trains collided in Odisha on Friday, according to government officials in the eastern Indian state, in one of India's worst rail accidents in years. Here are details of some of the deadliest rail accidents in India in recent decades:June 1981: At least 800 people are killed when seven rear coaches of an overcrowded passenger train are blown off the track and fall into a river during a cyclone. July 1988: An express train leaves the rails and plunges into a monsoon-swollen lake near Quilon in southern India, killing at least 106 people. October 2005: Several coaches of a passenger train derail in southern Andhra Pradesh state, near Velugonda. January 2017: At least 41 people are killed after several coaches of a passenger train go off the rails in southern Andhra Pradesh state.

Persons: Akriti Sharma, Rosalba O'Brien Organizations: Reuters, REUTERS, Thomson Locations: Odisha, India, Quilon, Delhi, Balasore, Calcutta, Andhra Pradesh, Velugonda, Fatehpur, Uttar Pradesh, India's Amritsar, Bengaluru

☆ Biden plans to pick physician Mandy Cohen to lead CDC -WaPo
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: 1 min

June 1 (Reuters) - U.S. President Joe Biden plans to select former North Carolina health secretary Mandy Cohen to lead the Centers for Disease Control and Prevention, the Washington Post reported on Thursday, citing three people with direct knowledge of the announcement. Reporting by Akriti Sharma in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Mandy Cohen, Akriti Sharma, Leslie Adler Organizations: North, for Disease Control, Washington Post, Thomson Locations: North Carolina, Bengaluru

☆ EV maker Lucid to raise about $3 billion from Saudi's PIF, others
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

PIF, which owns more than 60% of the company, has agreed to buy 265.7 million shares in a private placement for about $1.8 billion, Lucid said in a statement. The rest will be raised from a public offering of 173.5 million shares of common stock. The private placement implies a price of about $6.80 per Lucid share, compared with the stock's Wednesday close of $7.76. Lucid's cash and cash equivalents had dropped to $900 million at the end of the first quarter, from $1.74 billion in the previous quarter. Bank of America Corp (BAC.N) is acting as the book-running manager for the public offering and Lucid intends to use the net proceeds from both the public offering and the private placement for general corporate purposes.

Persons: Lucid, Sherry House, Kanjyik Ghosh, Akriti Sharma, Devika Organizations: Saudi Arabia's Public Investment Fund, Bloomberg News, Bank of America Corp, Thomson Locations: Saudi, Bengaluru

Companies JPMorgan Chase & Co FollowMay 26 (Reuters) - JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said in a deposition on Friday that he had never met or communicated with late sex offender and former bank client Jeffrey Epstein, the bank said. Dimon had been ordered by a federal judge to set aside two days for depositions about what he knew about the bank's relationship with Epstein. The largest U.S. bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the U.S. Virgin Islands, where the late financier had a home. Reporting by Kanjyik Ghosh and Akriti Sharma in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Vodafone, CK Hutchison set to unveil 15 bln pounds UK mobile tie-up - FT
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 4 (Reuters) - Vodafone (VOD.L) and CK Hutchison (0001.HK) are close to agreeing to a 15 billion pounds (about $19 billion) combination of their UK telecoms businesses that would create the country's biggest mobile operator, the Financial Times reported on Thursday. The deal will value the equity of the combined group at about 9 billion pounds, with roughly 6 billion pounds of debt, the FT said, citing three people familiar with the matter. The combination could also enable Hong Kong-based CK Hutchison to withdraw from the UK telecoms market, the newspaper added. Vodafone and CK Hutchison did not immediately respond to Reuters' request for comment. ($1 = 0.7948 pounds)Reporting by Akriti Sharma in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla resumes U.S. orders for a Model 3 version at lower price, range
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at last August when Tesla halted taking orders in the United States and Canada. Model 3 Long Range has a range of “325+” miles per charge, down from 358 miles. It is eligible for a $3,750 government subsidy, compared with a full $7,500 subsidy for a Model 3 Performance version. Tesla expects to resume delivery of the long-range Model 3 electric sedan in June, according to the website. The long-range version of the entry-level Model 3 has a range of more than 325 miles (523 kilometers) on a single charge.

☆ Tesla resumes US orders for Model 3 long-range version at lower price
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

May 3 (Reuters) - Tesla Inc (TSLA.O) has resumed taking orders for its Model 3 long-range version in the United States, the company's website showed late on Tuesday, after a temporary halt last year due to delivery backlogs. The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at last August when Tesla halted taking orders in the U.S. and Canada. Tesla expects to resume delivery of the long-range Model 3 electric sedan in June, according to the website. The long-range version of the entry-level Model 3 has a range of more than 325 miles (523 kilometers) on a single charge. To boost sales, Tesla has been regularly modifying the prices of its vehicles since the start of this year.

☆ Tesla raises prices in US, China, Japan and Canada
▼ + stars: | 2023-05-02 | by ( Akriti Sharma | ) www.reuters.com time to read: +2 min

May 1 (Reuters) - Tesla Inc (TSLA.O) has raised prices in a range of up to $290 in Canada, China, Japan and the United States, its website showed on Monday, after having slashed prices on its top-selling vehicles since the start of the year. By Monday, Tesla's website showed it had raised the starting price point by $250 on the base model Model Y and Model 3 in the United States. Prices changed about the same amount in its second largest market of China, as well as in Canada and Japan, those websites showed. In Canada, Tesla raised prices by C$300 ($222) for the performance versions of its Model 3 and Model Y. In China, Tesla raised the price for variants by 2,000 yuan ($289), the website showed.

☆ Tesla hikes prices in U.S., China, Japan and Canada
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 1 (Reuters) - Tesla Inc (TSLA.O) has raised prices for its Model Y and Model 3 variants by the equivalent of about $300 in the United States, China, Japan and Canada, after having slashed prices on its top selling vehicles since the start of the year. In China, Elon Musk-led Tesla raised the price for variants by 2,000 yuan ($289.39), the website showed. Chief Executive Elon Musk last month signaled the EV maker would prioritize sales growth ahead of profit in a weak economy. In Canada, the car manufacturer raised the prices of its Performance crossover Model 3 and Model Y by $300 each. In Japan, prices for the entry-level Model 3 were increased by 37,000 yen ($269.01)($1 = 6.9110 Chinese yuan renminbi)($1 = 137.5400 yen)Reporting by Akriti Sharma in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Super Bowl attracted record audience this year, revised data shows
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

The ratings agency had previously announced in February that the game had an average viewership of 113 million. The revised numbers show that this year's Super Bowl surpassed the record set by the 2015 game, which saw 114.8 million people watch the New England Patriots beat the Seattle Seahawks. "FOX Sports is proud to have presented the most-watched Super Bowl and most-watched TV show of all time. The revised Super Bowl viewership figure is the result of a thorough review by Nielsen," Fox Corp's sports division said. Nielsen's figure includes people who watched the game on the Fox or Fox Deportes TV networks (FOXA.O) or streamed the game on Fox digital properties or NFL+.

☆ Some Canadian workers in wage pact with government to end strike from Monday
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +1 min

May 1 (Reuters) - Canada reached agreement for a new wage deal with a union representing 120,000 federal workers, the union said on Monday, bringing an end to the country's largest public sector strike that had crippled services from tax returns to immigration. "Strike action continues across the country for 35,000 members at Canada Revenue Agency," the union said, adding that talks would resume with a new mandate for a fair contract. Their key outstanding concerns include fair wages, the right to work remotely, and the role of seniority in layoffs. However, the Treasury workers' deal exceeded "the employer's original offer before the launch of strike action", the union added. Reporting by Akriti Sharma in Bengaluru and Ismail Shakil in Ottawa; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ ChatGPT is available again to users in Italy, spokesperson says
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

April 28 (Reuters) - Access to the ChatGPT chatbot has been restored in Italy after its maker OpenAI "addressed or clarified" issues raised by Italy's data protection authority, an OpenAI spokesperson said on Friday. Microsoft Corp (MSFT.O)-backed OpenAI took ChatGPT offline in Italy last month after the country's data protection authority, also known as Garante, temporarily banned the chatbot and launched a probe over the artificial intelligence application's suspected breach of privacy rules. It will also provide a new form for European Union users to exercise their right to object to its use of personal data to train its models, a company spokesperson said. As Garante had accused OpenAI of failing to check the age of ChatGPT's users who are supposed to be aged 13 or above, OpenAi said it will offer a tool to verify users' ages in Italy upon sign-up. Reuters was able to confirm that ChatGPT has started working again in Italy.

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