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☆ The TikTok divest-or-ban bill is a First Amendment disaster, but it may still stand up in court
▼ + stars: | 2024-04-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

Maybe…Earlier attempts to ban or force a sale of TikTok often haven't stood up in court. Other parties, like TikTok creators, may launch separate legal challenges in the coming weeks, as they have done in the past. AdvertisementTrump's 2020 order to ban TikTok was halted by a federal judge who said it likely exceeded executive authority. While the bill is framed around forcing US ownership of TikTok, it's likely to result in a ban, which strengthens the free-speech argument. Congress hasn't proven that an outright sale or ban of TikTok is the only way to protect national-security interests.

Persons: Joe Biden, ByteDance, TikTok, haven't, TikTokers, Matthew Schettenhelm, Hans, Lena Shapiro, Ramya Krishnan Organizations: Service, Business, ACLU, Bloomberg Intelligence, Cornell Law School, TikTok, University of Illinois College of Law, Chinese Communist Party, Intelligence Law, CCP, Columbia University Locations: Montana, Texas, Washington, China

☆ How TikTok’s Chinese parent company will rely on an American right to keep the app alive
▼ + stars: | 2024-04-24 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

In recent months, the company has foreshowed it plans to challenge the law on First Amendment grounds. Krishnan said even the national security argument will not withstand legal scrutiny because the Chinese government could easily purchase the same data on Americans through the open market. TikTok’s looming legal challenge will be one of several that could eventually reach the US Supreme Court that could completely redefine online speech. Other high-profile cases that will determine whether social media companies can moderate content on their platforms are also likely to be decided this year. “The rules for online speech are being written by the Supreme Court this year,” Persily said.

Persons: CNN —, Joe Biden, ”, Shou Chew, TikTok, Ramya Krishnan, Nate Persily, Persily, “, Christopher Wray, ” Wray, ” TikTok, ” Persily, Krishnan Organizations: CNN, Communist Party, Columbia University, Stanford, Stanford Cyber Policy, American, FBI, NBC, Supreme Locations: China, Montana, TikTok, American

☆ How Amazon won over skeptical advertisers to get Prime Video off to a strong start
▼ + stars: | 2024-04-23 | by ( Lucia Moses | Lauren Johnson | ) www.businessinsider.com time to read: +5 min

Amazon is also staffing up for Prime Video sales teams, recently hiring ad veteran and former NBCUniversal sales exec Krishnan Bhatia as VP of global video advertising for Amazon Ads. Advertisers' initial reaction to Prime Video ads was mixedAdvertisers reacted with a mix of excitement and skepticism when Prime Video entered the TV ad market last year. Amazon estimated Prime Video ads would reach 115 million monthly viewers in the US. AdvertisementBut the skepticism was short-lived as Amazon set Prime Video up for success in several ways. Amazon will also have to start regularly sharing data showing advertisers how many people are actually watching Prime Video and for how long.

Persons: —, Krishnan Bhatia, Amazon, It's Organizations: Service, Business, YouTube, Hulu, Amazon, Comcast, Disney, Etihad, Best, Samsung's, Prime, Amazon Ads, Netflix, Street Journal

☆ Cricket, a big business in India, brings star power to the U.S. with the country's first world cup
▼ + stars: | 2024-04-21 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +5 min

USA Cricket Vice-Captain Aaron Jones poses next to a giant cricket ball, installed at a marketplace to mark 100 days to go for the ICC Men's T20 World Cup, in Miami, Florida, on Feb. 22, 2024. But the sport has boomed in India, the world's most populous country, as well as some other former British colonies. And now, the U.S. men's national cricket team will represent the home country in this year's International Cricket Council Men's T20 World Cup. While traditional cricket matches can last as long as five days, a T20 match typically lasts around three hours. The early June world cup matchups will bring some of that star power to the U.S., with a high-profile India-Pakistan competition and culminating in a U.S.-India match.

Persons: Aaron Jones, Chandan Khanna, Peter Della Penna, it's, Disney, Forbes, RedBird, Jay Shah, Della Penna, —, Liam Plunkett, Dwayne Bravo, Mike Stobe, Tasmai Krishnan, Tasmai, he's Organizations: USA Cricket, ICC, Afp, Getty, U.S . Cricket, Major League Cricket, Los Angeles Knight Riders, MI, San Francisco Unicorns, Seattle, Seattle Orcas , Texas Super Kings, Washington, team, International Cricket Council, U.S, West, New York —, ESPN, Cricket, Disney Star Network, Indian Premier League, IPL, Rajasthan Royals, Control, NFL, BCCI, Angeles Olympic, Times, Icc, U.S . Locations: Miami , Florida, U.S, England, India, MI New York, Seattle Orcas , Texas, West Indies, —, Texas , Florida, New York, Success, Australia, New Zealand, Pakistan, South Africa, New York City

☆ Counterfeit Botox has been found in several states. Here’s what consumers should know.
▼ + stars: | 2024-04-16 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +11 min

CNN —The US Food and Drug Administration is warning that dangerous counterfeit versions of Botox have been identified in multiple states, putting the safety of consumers at risk. The incidents of counterfeit Botox being administered to consumers appear to be connected to products that have been purchased from unlicensed sources and then administered by either unlicensed or licensed providers. The counterfeit Botox products may be identified by the lot number C3709C3 found on the outer carton and vial, the FDA said. Counterfeit botox has been found in several states. Most often, when counterfeit Botox is sold, “the injector knows they’re purchasing something counterfeit,” Sung said.

Persons: Washington –, Botox, Lavanya Krishnan, Arya Derm, ” Krishnan, Krishnan, Allergan, ”, “, Jimmy Sung, you’re, can’t, ” Sung, Michael Cameron, Cameron, ” Cameron, Sung, “ I’m, I’ve, Steven Williams, ” Williams, Dr, Sanjay Gupta, Cynthia Elliott, ” Elliott Organizations: CNN, Food and Drug Administration, FDA, US Centers for Disease Control, CDC, American Board of Cosmetic, Revance Therapeutics, Merz Aesthetics, Tribeca Aesthetics, Cameron Dermatology, Mount Sinai Health, American Society of Plastic Surgeons, “, CNN Health Locations: – Colorado, Florida , Illinois , Kentucky , Nebraska , New Jersey , New York , Tennessee, San Francisco, United States, New York City, New York, Florida

☆ Patients in India Are Being Taught How to Heal - The New York Times
▼ + stars: | 2024-04-12 | by ( Vidya Krishnan | Gayatri Ganju | ) www.nytimes.com time to read: 1 min

By around 2 p.m., just after lunch, activity at the critical care unit of the Jayadeva hospital in Bengaluru, India, is at an ebb. No one is running down the halls with X-rays, bills or samples of body fluids to be tested. He is a staff nurse but has the demeanor of a teacher. He starts off by asking everyone to put their phones on silent and gather around. Those who can’t walk sit up in their beds.

Persons: That’s, Girish Balakrishnappa Locations: Bengaluru, India

☆ The proposed TikTok ban has been deemed unconstitutional by some, but framing around national security could help advance it
▼ + stars: | 2024-03-12 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

Read previewThe widely-popular social media app TikTok is once again facing a possible ban in the United States over concerns about its links to China. "It is targeted to address the national security threat that we believe these apps, like TikTok, pose to the United States because of its ownership by a foreign adversary." "The First Amendment protects Americans' right to access social media platforms of their choosing," Krishnan said. Former President Donald Trump in Tulsa, Okla. AP Photo/Sue OgrockiTrump once supported a TikTok ban, but is now against itMeanwhile, Trump — whose administration tried to ban TikTok in the US — but was blocked from doing so in court after TikTok sued — has now come out against a ban for the app. "If you get rid of TikTok, Facebook and Zuckerschmuck will double their business," Trump argued on his social media platform, Truth Social, in a dig at Meta CEO and Facebook founder Mark Zuckerberg.

Persons: —, Donald Trump, Sarah Kreps, TikTok's, weaponize, Steve Scalise, Cathy McMorris Rodgers, McMorris Rodgers, Kreps, ByteDance, Krishnan, TikTok, Sue Ogrocki Trump, Trump, Zuckerschmuck, Mark Zuckerberg, Jenna Leventoff, Leventoff Organizations: Service, Business, Tech, Institute, New York's Cornell University, Foreign, ByteDance Ltd, Republican, GOP, House Energy, Commerce Committee, Fox Business, Columbia University, Columbia Law School, Chinese Communist Party, AP, Facebook, Meta, Commerce, American Civil Liberties Union, Center for Democracy and Technology Locations: United States, China, TikTok's Beijing, New York, Tulsa, Okla, TikTok

☆ 41-year-old and her family left the U.S. for Costa Rica and live on less than $30,000 a year: 'We're a lot happier' and never moving back
▼ + stars: | 2024-03-02 | by ( Morgan Smith Valentina Duarte | Morgan Smith | Valentina Duarte | ) www.cnbc.com time to read: +8 min

But in 2018, after Hurricane Harvey destroyed her Houston home, a trip to Costa Rica with her husband Nicholas Hopper and then 9-year-old daughter Aaralyn became a permanent move. From Hopper's perspective, moving to Costa Rica was a no-brainer. Fast-forward six years later, and the Ward-Hoppers are now permanent residents of Costa Rica, with no plans to move back to Texas. The Ward-Hoppers live in Costa Rica with their daughter Aaralyn, 15, and son Nico, 3. Photo: Alejandro FerliniNico's arrival also introduced another element of stability to their lives by making the entire family eligible for citizenship in Costa Rica.

Persons: Kema, Hopper, Hurricane Harvey, Nicholas Hopper, Aaralyn, let's, —, Heidi, Dan Buettner, Buettner, Nico, Alejandro Ferlini Nico's, Costa Rica's, Costa Ricans, Krishnan Organizations: CNBC, U.S . Ward, American Cancer Society, CAJA, Costa Rica didn't, Gas Locations: Costa Rica, Houston, Texas, Costa, Nicoya, Playa San Miguel, U.S, United States, Nicaragua, Spanish

Sal Khan, 31, earns $220,000 a year and lives with his parents in Houston. "I do think my relationship now has been the best with my parents than it has been before," Khan tells CNBC Make It. But that won't be the end of his living arrangement with this parents: Khan hopes to move his parents to his new home, too. The bulk of his savings are earmarked for more down payments on properties, Khan says. Sal Khan hopes that sharing his story will dispel the stigma about living with parents as an adult.

Persons: Sal Khan, Khan, Erik Mauck, that's, it's, Khan's, Nina Nguyen, Krishnan, Khan didn't Organizations: CNBC, Ohio State University, Bay Area, Costco, Gas, Wealthfront Locations: Houston, Pakistan, U.S, Bay, Chicago, Texas, California, Arizona, Florida

☆ 45 years ago, NASA's Voyager spacecraft flew past Jupiter. See how the iconic video compares to photos of the planet today.
▼ + stars: | 2024-02-24 | by ( Morgan Mcfall-Johnsen | Ellyn Lapointe | ) www.businessinsider.com time to read: +4 min

Read previewVoyager was one of NASA's most ambitious missions, and Jupiter is arguably our solar system's most beautiful planet. Jupiter as seen by Voyager 1 (left) is far less detailed than this enhanced imaged of Jupiter captured by Juno. NASA / JPL; NASA/JPL-Caltech/SwRI/MSSS/Rita Najm © (CC BY)The planet's iconic Great Red Spot is an anticyclone large enough to swallow Earth. Juno captured this close-up of Jupiter's Great Red Spot (right) in sharper detail than Voyager 1 did (left). Jupiter's reddish-orange South Temperate Belt, with the Great Red Spot, the most dominant atmospheric feature in the planet's southern hemisphere.

Persons: —, Bradford Smith, NASA Voyager, Tanya Oleksuik, Rita Najm, Gerald Eichstädt, Seán Doran Juno, Alain Mirón Velázquez, Kevin M, Gill, Navaneeth Krishnan Organizations: Service, NASA, Business, JPL, Juno, Caltech, Space Locations: Jupiter

☆ Wendy's taps PepsiCo exec Kirk Tanner as new CEO as burger chain fights off activist pressure
▼ + stars: | 2024-01-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Wendy's has tapped PepsiCo veteran Kirk Tanner as its new chief executive, effective Feb. 5, as the burger chain tries to boost its share price and ease pressure from activist investors. Kirk Tanner, chief executive officer of North America beverages for PepsiCo Inc., speaks during the Bloomberg Power Players Summit in Miami, Florida, U.S., on Friday, Jan. 31, 2020. Outgoing Wendy's CEO Todd Penegor has been at the helm of the company since 2016. Under his leadership, Wendy's successfully launched its breakfast menu nationwide, helping the company overtake Burger King as the second-largest U.S. burger chain by sales. But if Blackwells nominates its own board candidates, it's kicking off a fight with another activist investor: Nelson Peltz, who is chair of Wendy's board.

Persons: Tanner, Wendy's, Kirk Tanner, Todd Penegor, Burger, Blackwells, Nelson Peltz, Peltz, Trian, Ram Krishnan Organizations: Pepsi, PepsiCo, PepsiCo Inc, Bloomberg Power Players Summit, Reuters, Trian Fund Management, Disney Locations: Miami , Florida, North America, U.S, Wendy's

☆ 'Sister Wives' star Meri Brown hard-launches her new boyfriend a year after Kody Brown split
▼ + stars: | 2024-01-17 | by ( Esme Mazzeo | Palmer Haasch | ) www.businessinsider.com time to read: +7 min

"Sister Wives" star Meri Brown, formerly Kody Brown's first legal wife, has a new boyfriend. AdvertisementTLC's "Sister Wives" star Meri Brown was there from the start of Kody Brown's polygamous family and remained with him through many ups and downs. Meri Brown and Kody Brown. Meri Brown, Janelle Brown, Kody Brown, Christine Brown and Robyn Brown Frederick M. Brown/Getty ImagesIn a season 18 episode of "Sister Wives," Meri discussed her move to Utah with Robyn, remarking that she didn't think Kody would "give a crap" about her moving to Utah. Robyn Brown, Janelle Brown, Meri Brown, and Christine Brown.

Persons: Meri Brown, —, Meri, Kody Brown, Kody's, Janelle Brown, Kody, Robyn Brown, Sukanya Krishnan, hadn't, " Meri, Robyn, Christine Brown, Janelle, Robyn Brown Frederick M, Brown, she'd, Jenn Sullivan, Gabe Ginsberg, they've, she's, Amos, He's, I've, we've Organizations: Service, Utah's Zion, Park Locations: Kody, Utah, Flagstaff , Arizona, Flagstaff, Parowan , Utah, Lizzie's, New York City, California, Arizona

☆ How Sam Altman's OpenAI drama highlighted the debate splitting Silicon Valley: Are you an e/acc or decel?
▼ + stars: | 2023-12-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewSam Altman's brief ousting as OpenAI CEO didn't just thrust the company further into the global spotlight amid reported personality clashes. It's also highlighted a bigger ethical debate in Silicon Valley: how fast companies should move when pushing out AI technology. Broadly speaking, the debate lies in whether you think that moving full-speed ahead on AI technology will save the world or you think the industry needs to slow down. One key Silicon Valley backer of the idea is veteran venture capitalist Marc Andreessen . His advice to Silicon Valley: "I would encourage any watchers of the industry to not get stuck in a divisive set of rhetoric."

Persons: —, Sam Altman's, didn't, It's, Altman, he's, you've, Marc Andreessen, Elon Musk, Peter Thiel, Sam Bankman, Helen Toner, Tasha McCauley, Toner, McCauley, Altman's, EAs —, Sriram Krishnan, Andreessen Horowitz, — Sriram Krishnan, Gaurab Bansal Organizations: Service, Business, acc, EA, Elon, Wall Street Journal, EAs, Labs, US Department of Commerce, Innovation Labs Locations: Silicon Valley, Silicon

As I read Nikhil Krishnan’s “A Terribly Serious Adventure: Philosophy and War at Oxford, 1900-1960,” I wondered how he would pull it off. Here was a scholar, determined to bring to life a school of thought (hard to do) that revolved around finicky distinctions in language (extremely hard to do). The “linguistic” or “analytical” turn in philosophy resisted grand speculations about reality and truth. Krishnan admits that even he had a hard time warming up to his subject when he first encountered it as a philosophy student at Oxford. That discrepancy is also a preoccupation of one of my favorite books this year, “The Rigor of Angels,” by William Egginton.

Persons: Nikhil Krishnan’s “, ”, Krishnan, William Egginton, Egginton, Jorge Luis Borges, Werner Heisenberg, Immanuel Kant Organizations: Oxford, Johns Hopkins University Locations: Oxford, Argentine

ORLANDO, Florida, Nov 16 (Reuters) - The U.S. high yield bond market is the dog that has rarely barked, never mind bitten, during the Federal Reserve's most aggressive interest rate-raising campaign in 40 years. The 'junk' bond market may also contain less junk than it used to. But changes in the composition of a leading high yield corporate bond index over recent years suggests this might be the case. "The high yield index is a higher quality index than in cycles past," reckons Bill Callahan, investment strategist at Schroders. It is now below 400 bps, and high yield bond investors are the most overweight since January, BofA's latest survey shows.

Persons: Bill Callahan, BofA's, Ashwin Krishnan, Morgan Stanley, Jamie McGeever, Marguerita Choy Organizations: U.S, ICE, Schroders, Bank of, North America, Reuters, Thomson Locations: ORLANDO, Florida

☆ In Modi’s India, Truth Tellers Are Now Enemies of the State - The New York Times
▼ + stars: | 2023-10-26 | by ( Vidya Krishnan | ) www.nytimes.com time to read: +2 min

Jailing Ms. Roy would be not unlike America imprisoning a writer of the moral stature of Toni Morrison or James Baldwin. The charges against her represent a pivotal moment for India; If Ms. Roy is incarcerated, she will become the country’s highest-profile prisoner of conscience. Under Mr. Modi, the number of cases filed has jumped to 288 as of September 2022. But the real reason she is being targeted now — 13 years later — is surely because of her courageous criticism of the intolerance and violence unleashed under Mr. Modi. People like her are among India’s greatest assets because they stand for truth and decency, but they are being cast as enemies of the state.

Persons: Arundhati Roy, Ms, Roy, Modi’s, Toni Morrison, James Baldwin, Modi Organizations: People’s Union, Civil Liberties Locations: India, restive, Kashmir

☆ India allows restriction-free imports of laptops, tablets in policy dilution
▼ + stars: | 2023-10-19 | by ( Shivangi Acharya | ) www.reuters.com time to read: +2 min

[1/2] People sit and work on their laptops at Deloitte's office in Gurugram, India, June 13, 2023. On Aug. 3, India imposed a licensing regime on laptops and tablet imports, but quickly deferred the decision following criticism from industry and Washington. India's electronics and software imports, which include laptops, tablets and personal computers, stood at $33.6 billion in the April to August period, up nearly 8% from last year. India Cellular and Electronics Association (ICEA) said it "extends its profound appreciation towards the government's recent decision to maintain restriction-free imports of laptops and tablets." Further measures could be taken after September 2024 on the basis of the data collected, Krishnan told a press conference.

Persons: Anushree, Krishnan, Shivangi Acharya, Sakshi Dayal, Kim Coghill, Clarence Fernandez, David Evans Organizations: REUTERS, Companies India, Indian, Dell, HP, Apple, Samsung, Lenovo, HK, India Cellular and Electronics Association, Thomson Locations: Gurugram, India, DELHI, Washington

☆ Take a look at the world's first truly wireless TV
▼ + stars: | 2023-10-06 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

The wireless Displace TV is a new take on flatscreens. It sticks to surfaces using a vacuum system instead of traditional TV mounting. AdvertisementAdvertisementThe convenience of a wireless TV — no ugly wires, no hiring a handyman — is here, but it will cost you. The Displace TV is a battery-powered, 55-inch flatscreen TV. Recently, frame TVs, or mounted TV displays that mimicking framed artwork, have taken over social media as one way to disguise TV hardware.

Persons: —, We've, Balaji Krishnan Organizations: Service, CES

☆ Private credit is growing capital in the face of high rates, says Morgan Stanley's Ashwin Krishnan
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate credit is growing capital in the face of high rates, says Morgan Stanley's Ashwin KrishnanAshwin Krishnan, co-head of North America Private Credit at Morgan Stanley Investment Management, joins 'The Exchange' to discuss the growth of the private credit industry, extending credit in the most defensive sectors, and rising rates increasing default concerns.

Persons: Morgan, Ashwin Krishnan Ashwin Krishnan Organizations: North America Private Credit, Morgan Stanley Investment Management

☆ Global Regulation of Essential Medicines Is a Dangerous Mess - The New York Times
▼ + stars: | 2023-09-11 | by ( Vidya Krishnan | ) www.nytimes.com time to read: +3 min

has not released more recent numbers, and there is limited data on exactly how much of this comes from India. The global drug supply system is a vast and complex network. As of 2021, India manufactured 62 percent of the raw materials for drugs, known as active pharmaceutical ingredients. in 2001 set up a groundbreaking program to monitor safety and quality, called the Prequalification of Medicines Program or P.Q.P., which set global standards for H.I.V. The program is one of those unsung policies that keep the global health structure ticking.

Persons: —, Cipla Organizations: World Health Organization, Medicines Program Locations: India, China, United States, Europe, Sri Lanka, Gambia, Africa —, Saharan Africa, Indian

☆ Threads, Twitter, and The Future of Social Media - The New York Times
▼ + stars: | 2023-07-15 | by ( Sriram Krishnan | ) www.nytimes.com time to read: +2 min

As interest rates started to rise, social media companies discovered they weren’t immune to macroeconomic forces. While many were blown away by their possibilities, they forced social media websites to re-evaluate how their data is used externally. assistant for the names of San Francisco’s best restaurants, it could well use that Reddit discussion to generate its answer. Whether or not you agree with Mr. Musk’s moves after he bought Twitter, they have sparked a chain reaction. While it’s early days to see how this plays out, it is clear the social media landscape has shifted quickly and profoundly.

Persons: C.E.O.s, you’re, hoover, Reddit, Elon Musk’s, Musk’s, Reddit’s C.E.O, Instagram Organizations: Google, San, Twitter, Facebook Locations: Francisco, Reddit, San Francisco, Silicon Valley

☆ Texas TikTok Ban Challenged for Threatening ‘Academic Freedom’
▼ + stars: | 2023-07-13 | by ( Sapna Maheshwari | More About Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

“The Supreme Court has characterized academic freedom as a special concern of the First Amendment,” said Ramya Krishnan, a lawyer at the Knight First Amendment Institute. The lawsuit said that Jacqueline Vickery, an associate professor at the University of North Texas and a digital media scholar, had been forced to “suspend research projects and change her research agenda, alter her teaching methodology, and eliminate course material,” because of the ban. The Texas ban also appears to extend to her personal cellphone based on her use of university email and other apps there, the lawsuit said. Ms. Vickery said in an interview that she had not been able to access TikTok since the university returned from winter break, even for an assignment where she wanted her students to read the privacy terms on TikTok’s site. The ban’s effect on her classes and research has been “really challenging,” particularly as she does not have a personal laptop, she said.

Persons: “, ”, Ramya Krishnan, Abbott, Jacqueline Vickery, Vickery Organizations: University of North Locations: University of North Texas, Texas

☆ Battling Brexit, some British firms turn to invest in Europe
▼ + stars: | 2023-07-05 | by ( Andy Bruce | ) www.reuters.com time to read: +8 min

German data show British firms opened 170 foreign direct investment projects in Europe's biggest economy last year as companies sought a foothold in the bloc's single market. That's a far cry from the 50 enquiries from British firms - rather than projects committed - recorded by German Trade & Invest in 2015, the year before the Brexit referendum. Pro-Brexit economists say such data ignore the fact British corporate investment boomed in the years before mid-2016, and it was bound to slow. British firms are also waiting to hear how - or even if - London intends to compete with the enormous green energy and tech subsidies pitched by the United States and EU. At Farrat, the effects of Brexit are insidious, running beyond decisions over investments, said Farrell, describing a sense of unease felt towards British firms from potential foreign clients, worn down by years of political turmoil"People are nervous.

Persons: Brexit, Oliver Farrell, Andy Burnham, Burnham, it's, capitalising, Steve Connor, Connor, Jeremy Hunt, Farrell, Dave, Subrah Krishnan Harihara, Andy Bruce, William Schomberg, David Clarke Organizations: European Union, Reuters, German Trade, Invest, Organisation for Economic Co, Development, Reuters Graphics, Labour Party, EU, Creative Concern, European Commission, Manchester Chambers of Commerce, Thomson Locations: MANCHESTER, England, Britain, Manchester, Germany, English, Europe's, Netherlands, France, United States, England's, London, Birmingham, Greater Manchester, Farrat, EU, Warwick, West Midlands

Markets fell at the start of the new trading week as investors remained jittery over the economic outlook. The benchmark Stoxx 600 index closed 1% lower Monday, with almost all sectors in negative territory. "In that time, I think investors have really struggled to build any love for the rally. Asia-Pacific markets traded lower as investors digested China's central bank decision to cut its one-year and five-year loan prime rate. U.S. markets were closed for the Juneteenth holiday on Monday, but stock futures ticked lower overnight as investors looked ahead to a shortened week of trading.

Persons: Sunil Krishnan, Krishnan, CNBC's, That's Organizations: European Central Bank, Federal Reserve, Aviva Investors Locations: Asia, Pacific

☆ Andreessen Horowitz to open its first international office in London
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 11 (Reuters) - U.S. venture capital firm Andreessen Horowitz, a major cryptocurrency investor, said on Sunday it will set up its first international office in London, at a time when U.S. regulators have increased scrutiny of the cryptocurrency sector. The London office, set to open later this year, will work with universities in the UK and support the development of blockchain technologies and startups, the company said in a statement, adding that it will be led by one of the firm's general partners, Sriram Krishnan. The decision follows talks with British Prime Minister Rishi Sunak and other authorities for months, Dixon said. Sunak said in the statement he is "determined to unlock opportunities" for blockchain technology and "turn the UK into the world’s Web3 centre". Reporting by Rishabh Jaiswal and Jahnavi Nidumolu in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Andreessen Horowitz, Sriram Krishnan, Andreessen, We're, Chris Dixon, Andreessen's, Rishi Sunak, Dixon, Sunak, Rishabh Jaiswal, Muralikumar Organizations: U.S . Securities, Exchange Commission, SEC, British, Thomson Locations: London, Bengaluru

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