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☆ Scotland’s Governing S.N.P. Looks to a Stalwart After Its Leader Quits
▼ + stars: | 2024-05-02 | by ( Stephen Castle | More About Stephen Castle | ) www.nytimes.com time to read: +1 min

Just days after Scotland’s first minister, Humza Yousaf, announced his resignation, one of his party’s most experienced politicians, John Swinney, emerged on Thursday as his likely successor after the most prominent potential challenger pulled out of the race. That crisis reached a new level of urgency this week when Mr. Yousaf terminated a coalition agreement with another party that campaigns for Scottish independence, the Scottish Greens, only to find himself facing two confidence votes he risked losing. On Monday, he said he would step down as soon as a replacement was chosen. For much of the past year, the S.N.P. has been enduring the fallout of a police investigation into the handling of funds it raised for a future referendum campaign.

Persons: Scotland’s, Humza Yousaf, John Swinney, Swinney, Mr, Nicola Sturgeon, Yousaf Organizations: Scottish National Party, Scottish, Scottish Greens

☆ What to Know About the Breakup of Scotland’s Coalition Government
▼ + stars: | 2024-04-25 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

Scotland’s first minister, Humza Yousaf, on Thursday abruptly ended a coalition agreement between his Scottish National Party and the Scottish Green Party, creating a new set of challenges for an embattled leader whose party has been engulfed in a funding scandal since last year. But Mr. Yousaf’s decision to scrap the coalition appeared to take Lorna Slater, a co-leader of the Greens, by surprise on Thursday morning. of “an act of cowardice,” adding that Mr. Yousaf could “no longer be trusted.”Does this mean the end of the Scottish government? The Scottish Conservatives are pressing for a vote of no confidence in Mr. Yousaf, which the opposition Scottish Labour Party has signaled it would support, and that could take place next week. But that vote relates to confidence in Mr. Yousaf, not the government, so its implications are unclear even if he were to lose.

Persons: Scotland’s, Humza Yousaf, Lorna Slater, Yousaf, “ Organizations: Scottish National Party, Scottish Green Party, Scottish, Greens, Scottish Conservatives, Scottish Labour Party Locations: Scotland

☆ Nicola Sturgeon’s Husband Is Charged in Party Finance Inquiry
▼ + stars: | 2024-04-18 | by ( Stephen Castle | More About Stephen Castle | ) www.nytimes.com time to read: 1 min

Peter Murrell, the husband of Scotland’s former first minister, Nicola Sturgeon, was charged on Thursday in connection with embezzlement of funds from the Scottish National Party, which she once led and where he once held a senior position. The announcement, which follows a lengthy inquiry by the Scottish police, is another blow to the party, which controls the Scottish government and campaigns for independence. The party was thrown into turmoil after Ms. Sturgeon’s surprise resignation last year. After her departure as first minister, Ms. Sturgeon was also arrested as part of the investigation into her party’s finances, but she was released and has not been charged. Mr. Murrell, 59, who has been married to Ms. Sturgeon since 2010, became the S.N.P.’s chief executive in 1999 and resigned from the role in February 2023.

Persons: Peter Murrell, Scotland’s, Nicola Sturgeon, Sturgeon’s, Sturgeon, Murrell, ’ Organizations: Scottish National Party, Scottish

☆ Harvard ‘absolutely failed’ to comply with unprecedented subpoena in antisemitism probe, House Education Committee chair says
▼ + stars: | 2024-03-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Rep. Virginia Foxx, the Republican chairwoman of the House Education Committee, said Tuesday that Harvard University has failed to comply with her unprecedented subpoena for documents on campus antisemitism. Harvard turned over another trove of documents about campus antisemitism to Congress on Monday evening. Foxx argued that heavy redactions by Harvard made several documents “useless,” while many others were duplicates of documents previously submitted. The Education Committee did not detail specifically which steps lawmakers are now considering to enforce its subpoena. “Harvard denounced antisemitism on our campus and have made clear that the University will continue to take actions to combat antisemitism in any form,” Newton said.

Persons: Virginia Foxx, Foxx, ” “, ” Foxx, Harvard, –, “, Alan Garber, Penny Pritzker, There’s, Jason Newton, “ Harvard, ” Newton Organizations: CNN — Rep, House Education, Harvard University, ” “ Harvard, Ivy League, Harvard, Harvard Corporation, Harvard Management Company, CNN, University Locations: Newton

☆ Facing unprecedented subpoena, Harvard submits more documents to Congress in antisemitism probe
▼ + stars: | 2024-03-04 | by ( Rene Marsh | Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Harvard University turned over another trove of documents about campus antisemitism to Congress on Monday evening in response to an unprecedented subpoena from the House Education and Workforce Committee. Harvard was facing a 5 pm ET Monday deadline to respond to the subpoena, the first issued since the House Education Committee was founded in March 1867. “Harvard has produced documents in response to the Committee’s subpoena,” Nick Barley, a spokesperson for the House Education Committee, told CNN on Monday evening. “The Committee is currently reviewing those documents.”If Harvard had not responded, the committee would have had to consider further steps to enforce its subpoena. “Harvard denounced antisemitism on our campus and have made clear that the University will continue to take actions to combat antisemitism in any form,” Newton said.

Persons: It’s, Virginia Foxx, “, Nick Barley, Jason Newton, Harvard, “ Harvard, ” Newton, ”, Alan Garber, Penny Pritzker, Foxx Organizations: CNN — Harvard University, House Education, Workforce Committee, Harvard, “ Harvard, CNN, Monday ., University, ” Harvard, Harvard Corporation, Harvard Management Company Locations: Newton

☆ House committee issues unprecedented subpoenas to Harvard in antisemitism investigation
▼ + stars: | 2024-02-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —A congressional committee investigating campus antisemitism took the unprecedented step of issuing multiple subpoenas to Harvard University on Friday, compelling the Ivy League school to turn over documents lawmakers are seeking. Three different Harvard officials are being subpoenaed: Alan Garber, Harvard’s interim president; Penny Pritzker, the billionaire leader of the Harvard Corporation, the governing board of the school; and N.P. The subpoenas order the Harvard officials to produce a series of documents by 5 pm ET on March 4. That list included meeting minutes since Hamas’ October 7 terror attacks on Israel and communications by university officials related to antisemitism. “Given the breadth and extensive nature of the information Harvard has provided to the Committee, it is unfortunate that the Committee has chosen to issue subpoenas,” Swain said.

Persons: Virginia Foxx, ” Foxx, Nick Barley, Alan Garber, Penny Pritzker, Narvekar, Foxx, Jonathan Swain, “, ” Swain, Swain, ”, “ Harvard’s Organizations: New, New York CNN, Harvard University, Ivy League, Rep, House Education, Workforce Committee, Harvard, CNN, Education, Labor, Harvard Corporation, Harvard Management Company Locations: New York, Israel

Stephen Curry is headed back to NBA All-Star weekend. “Stephen vs. Sabrina” will happen as part of All-Star Saturday Night in Indianapolis on Feb. 17. Curry, the NBA’s all-time 3-point king, will take on the reigning WNBA 3-point shootout queen and single-season record holder Ionescu. That topped Curry’s NBA 3-point contest best of 31. Curry will shoot from the NBA 3-point line with NBA basketballs, and Ionescu will shoot from the WNBA 3-point line with WNBA basketballs.

Persons: Stephen Curry, Sabrina Ionescu, “ Stephen, Sabrina ”, Curry, Ionescu, “, Brandin Podziemski, I’ve, ” Curry, Podziemski, Ionescu’s SI20, Victor Wembanyama, Brandon Miller, Charlotte, Scoot Henderson, Henderson, Chet Holmgren, Cason Wallace, Washington’s Bilal Coulibaly, Utah’s Keyonte George, Utah’s Keyonte George , New Orleans ’ Jordan Hawkins, Miami’s Jaime Jaquez Jr, Dallas ’ Dereck, Paolo Banchero, Paolo Banchero , New Orleans ’ Dyson Daniels, Jalen Duren, Jaden Ivey, Utah’s Walker Kessler, Indiana’s Bennedict, Sacramento’s Keegan Murray, Portland’s Shaedon Sharpe, Houston’s Jabari Smith, Jalen Williams, Mac McClung, Izan Almansa, Matas Buzelis, Ron Holland, Tyler Smith, Oscar Tshiebwe, Alondes Williams, ___ Organizations: NBA, WNBA, Sacramento, Ionescu’s, State Farm, NBA Foundation, San Antonio, Rising, G, Oklahoma City, Detroit, League Locations: Indianapolis, Portland, Utah’s Keyonte George , New Orleans, Paolo Banchero , New Orleans, Oklahoma

☆ Why Is Paying for College So Complicated?
▼ + stars: | 2024-01-18 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

Saving and paying for college is an endurance test, a forced march on an often 50-year parade, where strange numerical codes and senseless jumbles of letters mark a route that Waze can’t map. Begin at age zero or earlier with a 529 college savings plan for your child, born or not yet so. Then, fill out the FAFSA, which stands for “Free Application for Federal Student Aid,” and determine your student aid index (S.A.I.). or other data or the figures that another form, the CSS Profile, belches out is probably not enough to make college affordable. So you could apply for a federal PLUS loan for parents, which might take you 25 years to repay.

Organizations: Federal Student Aid, CSS

☆ Exclusive: Four banks quit initiative assessing climate targets
▼ + stars: | 2023-11-29 | by ( Tommy Wilkes | ) www.reuters.com time to read: +5 min

LONDON, Nov 29 (Reuters) - Four major banks, including Standard Chartered Plc (STAN.L) and HSBC Plc (HSBA.L), have quit a United Nations-backed initiative to scrutinise climate targets set by corporations, according to people familiar with the matter. Many lenders say they should finance fossil fuels as long as economies depend on them. The spokesperson added that Standard Chartered was seeking alternative third-party validation of its climate targets and that it was setting science-based targets through the NZBA. It will still require them to cease the financing of fossil fuel projects that would weigh on their longer-term emissions targets. Credit Agricole (CAGR.PA), ING (INGA.AS), BBVA (BBVA.MC) and Swedbank (SWEDa.ST) told Reuters they remained committed to SBTi validating their emissions targets.

Persons: SBTi, SBTi's, Pietro Rocco, haven't, it's, Rocco, Tommy Reggiori Wilkes, Simon Jessop, Josie Kao Organizations: Standard Chartered, HSBC Plc, United, Societe Generale SA, ABN Amro Bank, Zero Banking Alliance, HSBC, Societe Generale, ABN Amro, Reuters, Credit, ING, BBVA, NatWest, Commerzbank, BNP, Allianz, Alliance, Zero, Carbon Trust, Thomson Locations: United Nations, Nations, Paris, U.S, decarbonising, London

The lawsuit also alleged that Pfizer, despite knowing of the quality-control issues, persuaded Texas' Medicaid program to add Quillivant to its list of preferred drugs. The lawsuit accuses the companies of defrauding the state's Medicaid program, and seeks unspecified money damages from the companies. Pfizer and Tris, which manufactured the drug for Pfizer, did not immediately respond to a request for comment. The U.S. Food and Drug Administration in 2017 warned Tris of manufacturing lapses. Reporting by Brendan Pierson in New York, Editing by Alexia Garamfalvi and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Ken Paxton, Pfizer, Tris, Paxton, Quillivant, Tarik Ahmed, Brendan Pierson, Alexia Garamfalvi, Matthew Lewis Organizations: Pfizer, REUTERS, Texas, Tris, Republican, Nextwave Pharmaceuticals, U.S . Food, Drug Administration, Southern, of, Thomson Locations: Harrison County , Texas, Texas, U.S, Manhattan, of New York, New York

☆ Adyen lowers mid-term sales target, aims to slow hiring
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

The Adyen logo is seen at the reception desk of the company's headquarters in Amsterdam, Netherlands August 24, 2018. "Overall targets are lowered from previous targets and while likely more realistic, they still look ambitious," Jefferies analysts said in a note. Adyen added it would aim to improve its core profit (EBITDA) margin to above 50% in 2026. This year so far, Adyen has lost about half its market value which currently stands at 21.58 billion euros. It said it would slow down hiring, and that it hired 175 full-time employees over the quarter, which was "substantially below" Jefferies' expectations.

Persons: Eva Plevier, Adyen, France's, Jefferies, Olivier Sorgho, Piotr Lipinski, Elaine Hardcastle, Josie Kao Organizations: REUTERS, Netflix, Spotify, Jefferies, New, Thomson Locations: Amsterdam, Netherlands, New York, U.S

Nov 7 (Reuters) - Enable, a startup that sells rebate software to trading partners, has raised $120 million in a latest funding round that valued it at $1 billion, the company said on Tuesday. Its previous capital raise over a year ago had put Enable's value at over $800 million. The fresh private funding in a slowing market for growth stage financing comes as the software firm more than doubled its revenue, according to the company. Founded in the UK in 2016 before relocating its headquarters to San Francisco in 2020, Enable offers cloud-based software to manufacturers, distributors and retailers to manage the rebate program in their supply chain. "Given the gap in the market, they're able to persist and grow despite a lot of the macro (economic conditions).

Persons: We've, Andrew Butt, They're, Arsham Memarzadeh, Krystal Hu, Bill Berkrot Organizations: Lightspeed Venture Partner, Schneider, Lightspeed, Thomson Locations: San Francisco, U.S, Canada, Europe, Australia, The U.S

☆ U.S. investors rebuff big oil climate shareholder resolutions
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Netherlands-based activist group Follow This was created first to target Shell (SHEL.L) and subsequently expanded to file climate resolutions at other western majors including BP (BP.L), Exxon Mobil (XOM.N), Chevron (CVX.N) and TotalEnergies (TTEF.PA). According to the data published by it and investors, giant U.S. investors BlackRock (BLK.N), Vanguard, State Street (STT.N) and JPMorgan (JPM.N) all voted against the Follow This resolutions this year. "Investors hold the key to tackling the climate crisis with their shareholder voting power at Big Oil. Amundi, Allianz, and UBS use their voting power to mitigate the climate crisis,” said Follow This founder Mark van Baal. This mirrors big shareholder proxy voting firm Glass Lewis and ISS, which changed some of their recommendations for this year to the detriment of Follow This, including withdrawing support for the activist resolution at Chevron.

Persons: Morgan Chase, Mike Segar, France's, ”, Mark van Baal, Glass Lewis, Shadia Nasralla, Jan Harvey Organizations: Co, New York City, REUTERS, Companies Allianz, Big U.S, Shell, BP, Exxon Mobil, Chevron, BlackRock, Vanguard, State, JPMorgan, Paris, Britain's HSBC, HSBA.L, UBS, Germany's Allianz, Big Oil, Amundi, Allianz, Britain's, General, Exxon, ISS, Thomson Locations: New York, Big, Paris, Netherlands, Chevron's

The three proposed tranches of semiautomatic and automatic rifles are valued at $34 million and are being ordered directly from American gunmakers, but they require State Department approval and congressional notification. U.S. officials attributed that to the encouragement of settlers by the far-right government of Prime Minister Benjamin Netanyahu and statements by some Israeli officials supporting the annexation of the West Bank. Since Oct. 7, more than 150 Palestinians have been killed in the West Bank — nearly equal to the number in all of 2022, according to the Palestinian Health Ministry. Settler intimidation of Palestinians, leading to their displacement from strategic areas of the West Bank, makes any prospect of that much more difficult. State Department officials who oversee weapons sales have discussed potential concerns with Israeli counterparts.

Persons: Biden, Benjamin Netanyahu, Mr, ”, Antony J, Blinken, Mahmoud Abbas, “, Jessica Lewis Organizations: State Department, West Bank, Department, New York Times, The State Department, West Bank —, Palestinian Health Ministry, Palestinian Authority, The Times, Israeli National Police Locations: United States, U.S, American, Gaza, Tel Aviv, Ramallah, Sunday, Israel, I.N.P

☆ Morgan Stanley’s new CEO inherits rich pickings
▼ + stars: | 2023-11-02 | by ( John Foley | ) www.reuters.com time to read: +7 min

A good place to start is outside Morgan Stanley’s home market. Morgan Stanley’s two last big acquisitions were chunky, at a combined $20 billion, but also filled niches. E*Trade, an online brokerage, brought millions of households and company employees that Morgan Stanley hadn’t previously served. Eaton Vance, a U.S. asset manager, peddles investment products that Morgan Stanley now funnels through sales teams in far-flung markets. CEO Jane Fraser shows no inclination to sell private banking, which for now sits within the group’s $756 billion global wealth management bucket.

Persons: Ted Pick’s, Morgan Stanley, Pick, James Gorman, Morgan, Gorman, Germany’s, Britain’s, Morgan Stanley’s, Morgan Stanley hadn’t, Eaton Vance, Smith Barney, watchdogs, Jane Fraser, It’s, Noel Quinn’s, Ping, Colm Kelleher, Ted Pick, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Credit Suisse, McKinsey ., Morgan, Reuters Graphics Reuters, Infrastructure, Citi, U.S, HSBC, HK, UBS, Thomson Locations: U.S, American, Asia, Pacific, Japan, India, China, French, Europe, Switzerland, HK, Swiss

Worldline's (WLN.PA) stock slide, which saw around $4 billion wiped off its market value, is the latest wake-up call. COMMISSIONS CUTRevenue growth has suffered at payments firms as inflation has force European consumers to spend less, while investors fret about the euro zone slipping into recession. Some analysts say payments firms have also been caught napping, after a period of growth during COVID lockdowns. In a further sign of investor wariness, venture capital investment flows into European payment firms have also dried up. Now, it may leave private equity investors to pick up the pieces for payment service firms, analysts said.

Persons: Dado Ruvic, Paul Charpentier, Bryan Garnier, napping, Jefferies, Hannes Leitner, Leitner, Charpentier, wariness, Italy's Intesa Sanpaolo, Morgan Stanley, Worldline, Bryan Garnier's Charpentier, Elizabeth Howcroft, Alexander Smith Organizations: REUTERS, PayPal, Holdings, Companies, Barclays, Reuters, Spain's Banco Sabadell, Fidelity National Information Services, CVC Capital Partners, CVC, Thomson Locations: London, U.S, Nexi, Europe

☆ UniCredit 'rebalancing' Amundi relationship in fee income drive
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

It's rebalancing a little bit, and will rebalance going forward," UniCredit CEO Andrea Orcel told analysts when presenting the bank's third quarter results. Sources told Reuters in May that UniCredit had been trimming the proportion of Amundi funds in its total AUM, paying penalties for failing to meet contractual minimums. Orcel said UniCredit will maintain its current "open architecture" approach to asset management, which involves partnering with all major players, including Amundi, to offer "best in class" products. Since taking over at UniCredit in 2021, the former investment banker, has been working to boost revenue from asset management in an effort to increase net fee income as a proportion of UniCredit's overall revenue. As he sought to review the 10-year Amundi distribution deal, Orcel signed an agreement with Azimut (AZMT.MI) in late 2022 giving the Italian asset manager access to UniCredit's clients.

Persons: Dado Ruvic, UniCredit, Amundi, It's, Andrea Orcel, Orcel, Valentina Za, Alexander Smith Organizations: REUTERS, Reuters, BlackRock, Thomson Locations: UniCredit, Italian

☆ Harvard posts investment gain in fiscal 2023, endowment stands at $50.7 billion
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

BOSTON, Oct 19 (Reuters) - Harvard University's endowment fund, the world's largest university endowment, posted a small investment gain that bested several other top U.S. universities' returns but saw the value of the fund shrink as more was paid to university operations. Harvard Management Co said on Thursday that it earned a 2.9% return in the fiscal year that ended June 30, leaving the total endowment at $50.7 billion. A year earlier it lost 1.8% amid tumbling markets but the endowment ended at $50.9 billion. Returns from these schools are watched closely because they pioneered putting money into hedge and private equity funds. Rival Yale University returned 1.8% while the University of Pennsylvania returned 1.3%.

Persons: N.P, Narvekar, Svea Herbst, Bayliss, Diane Craft Organizations: BOSTON, Harvard, Harvard Management, Harvard Management's, Private, Rival Yale University, University of Pennsylvania, Massachusetts Institute of Technology, Columbia University, Stanford, Svea, Thomson

U.S. President Joe Biden delivers remarks on Social Security and Medicare at the University of Tampa in Tampa, Florida, U.S. February 9, 2023. The ruling is the first to come from multiple lawsuits by drug companies and industry groups challenging the program. The drug price negotiation program is part of the Inflation Reduction Act, which Biden, a Democrat, signed last year. The Biden administration has repeatedly said there is nothing in the Constitution that prohibits drug price negotiations. Many other countries already negotiate drug prices.

Persons: Joe Biden, Jonathan Ernst, vindicating, Joe Biden's, Michael Newman, Biden, drugmakers, Newman, Karine Jean, Pierre, Donald Trump, Johnson, Januvia, Bristol Myers, Boehringer, Brendan Pierson, Nate Raymond, Costas Pitas, Alexia Garamfalvi, Bill Berkrot, Chris Reese, Leslie Adler Organizations: Social Security, University of Tampa, REUTERS, U.S, District, U.S . Chamber of Commerce, Medicare, Commerce, U.S . Justice, Republicans, Big Pharma, Republican, U.S . Centers, Medicaid Service, CMS, Bristol Myers Squibb, Pfizer, Johnson, Merck, Co's, Pharmaceutical Research, Manufacturers of America, Companies, Thomson Locations: Tampa , Florida, U.S, Dayton , Ohio, New York, Boston

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. One said some firms could pay as much as $50 million. The SEC has previously negotiated two other large group settlements as part of its "off-channel" communications probe. In August, regulators fined nine Wall Street firms, including Wells Fargo (WFC.N) and Societe Generale (SOGN.PA), a combined $549 million over employees' use of personal messaging apps. In September 2022, it fined 16 firms, including Goldman Sachs, Morgan Stanley, Citigroup and Bank of America, $1.8 billion for similar lapses.

Persons: Jim Bourg, Spokespeople, Oppenheimer, Voya, Wells, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Chris Prentice, Carolina, Michelle Price, Jacqueline Wong Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Reuters, Truist Financial Corp, US Bancorp, Voya Financial, LPL, Interactive, Oppenheimer, Fifth Third Bancorp, Fifth, Truist, Wall Street, Societe Generale, Citigroup, Bank of America, JPMorgan, Thomson Locations: Washington

Sept 28 (Reuters) - Yelp Inc (YELP.N) is asking a federal court to stop Texas Attorney General Ken Paxton from suing it over notices telling its users that crisis pregnancy centers do not provide abortions or referrals for abortions. Crisis pregnancy centers offer pregnant women counseling while seeking to prevent them from having abortions. In August 2022, Yelp began posting a notice on crisis pregnancy centers' pages stating that they "typically provide limited medical services and may not have licensed medical professionals onsite." The company said in the complaint that it posted the notices to prevent users from being misled by crisis pregnancy centers that deliberately targeted women seeking abortions. In February, in response to a complaint by Paxton, the company changed the notices to state that crisis pregnancy centers "do not offer abortions or referrals to abortion providers."

Persons: Ken Paxton, Paxton, Yelp, Paxton's, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: Yelp, Republican, U.S, Thomson Locations: Texas, San Francisco, California, New York

The benchmark 10-year Treasury yield hit 4.399% overnight in Asia, its highest rate since early November 2007, and the two-year yield rose further above 5%. MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.27%, while the pan-European STOXX 600 index (.STOXX) lost 1.05%, hit by lowered growth outlooks. CENTRAL BANKSGlobal central banks take stage, with five of those overseeing the 10 most-heavily traded currencies holding rate-setting meetings this week. A swathe of emerging market central banks including Turkey and South Africa will also meet. The Swedish crown sank to a record low against the euro on Monday, days before the Riksbank is expected to raise interest rates again.

Persons: Brendan McDermid, BOE, Brent, Marc Chandler, Chandler, Saira Malik, France's, Stocks, Xi, Kazuo Ueda, Herbert Lash, Nell Mackenzie, Dhara, Stella Qiu, Philippa Fletcher, Alexander Smith, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Treasury, Global, Federal, United Auto Workers, Detroit Three, Bannockburn Global, U.S, Societe Generale, Dow Jones, Nasdaq, China Evergrande, HK, CENTRAL, Bank of England, Bank of Japan, European Central Bank, Thomson Locations: New York City, U.S, China, Bannockburn, New York, Asia, Turkey, South Africa, Swedish, London, Sydney

☆ Foreign reactions and offers of aid in response to Morocco earthquake
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +8 min

[1/6] A general view of damage in the historic city of Marrakech, following a powerful earthquake in Morocco, September 9. ****OFFERS OF FOREIGN AID AND SUPPORTALGERIAAlgeria, which broke off ties with Morocco two years ago, said it would open its air space for humanitarian and medical flights to Morocco. TURKEYThe Turkish Foreign Ministry said Ankara was ready to provide all kinds of support "to heal the wounds of the earthquake in Morocco". Valerie Pecresse, president of the Paris region, said on X it was offering 500,000 euros ($535,000)in aid for Morocco. -------------**** ASSISTANCE TO FOREIGN NATIONALSFRANCEThe French Foreign Ministry said its embassy in Morocco and the ministry in Paris have opened crisis centres "to respond to demands for information or help from our compatriots."

Persons: Abdelhak, Algeria's, Olaf Scholz, Antony Blinken, Valerie Pecresse, Benoit Payan, Jose Manuel Albares, Antonio Nogales, Eli Cohen, “, Israel's Magen David Adom, Magen David Adom, Kais Saied, Nawaf Al, Ahmad Al, Jaber, Marcel Ciolacu, NARENDRA MODI, VLADIMIR PUTIN, MOHAMMED VI, KRISTALINA GEORGIEVA, TAYYIP ERDOGAN, ANNALENA, EMMANUEL MACRON, FELIPE, Tomasz Janowski, Frances Kerry Organizations: REUTERS, Turkish Foreign Ministry, UNITED STATES Secretary, French Foreign Ministry, Morocco, Cote d'Azur, Orange, Spain's, Moroccan, ISRAEL, Crescent, Ministry of Health, Israel Defense Forces, INDIAN, IMF, Bank, MINISTRY, Facebook, Ministry of Foreign Affairs, Thomson Locations: Marrakech, Morocco, ALGERIA Algeria, Moroccan, TURKEY, Ankara, AFAD, Turkish, Turkey, GERMANY, New Delhi, Germany, United States, FRANCE, France, Paris, Marseille, Marseille's, Occitanie, Corsica, Provence, Alpes, Belgium, Poland, Romania, Slovakia, SPAIN, TUNISIA, Tunisian, KUWAIT, Jaber Al, Sabah, ROMANIA, TAIWAN, Algeria, Kingdom of Morocco, EMIRATES, German, Rabat

Sept 6 (Reuters) - Bristol Myers Squibb (BMY.N) has been accused in a new lawsuit of using fraudulent patents and other illegal tactics to maintain its monopoly on blockbuster blood cancer drug Pomalyst for years after it should have faced generic competition. A spokesperson for Bristol Myers did not immediately respond to a request for comment. Pomalyst is a top seller for Bristol Myers, bringing in nearly $3.5 billion out of $46.16 billion of its total revenue last year. The drug was developed by Celgene, a company acquired by Bristol Myers in 2019. The generic companies, which are also named as defendants in the lawsuit, did not immediately respond to requests for comment.

Persons: Pomalyst, Bristol Myers, Celgene, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: Bristol Myers Squibb, Louisiana, Pomalyst, Bristol, Celgene, U.S . Patent, Teva Pharmaceutical Industries, Aurobindo Pharma, Breckeridge Pharmaceutical, Natco Pharma, Thomson Locations: Manhattan, New York

The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. The change in CFO will not likely impact Winters' departure timing greatly, Britzman said, with the StanChart CEO more focused on hitting the lender's key performance goals. De Giorgi previously held senior roles at Bank of America Merrill Lynch, including head of global investment banking. Before then, he worked in equity capital markets and financial institutions at Goldman Sachs (GS.N), rising to become chief operating officer for the investment bank by the time of his departure in 2012. That long period of underperformance has seen the bank's shares fall nearly 30% since Winters took over as CEO in June 2015.

Persons: Peter Nicholls, Diego De Giorgi, Andy Halford, De Giorgi, Halford, Matt Britzman, Hargreaves, Bill Winters, Frederic Oudea's, Winters, Britzman, We've, Bank of America Merrill Lynch, Goldman Sachs, Joe Dickerson, StanChart, underperformance, Iain Withers, Lawrence White, Radhika Anilkumar, Bernadette Baum, David Holmes Organizations: Chartered, REUTERS, Bank of America, Pegasus, British, Societe Generale, Goldman, Jefferies, Thomson Locations: London, Britain, Pegasus Europe, Asia, Africa, Bengaluru

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