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☆ Magnitude 6.8 earthquake strikes Mindanao, Philippines
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: 1 min

Dec 4 (Reuters) - A magnitude 6.8 earthquake struck Mindanao in the Philippines in the early hours of Monday morning, the German Research Centre for Geosciences (GFZ) said. The quake was at a depth of 38 km (23.61 miles), GFZ said. GFZ earlier pegged the earthquake's magnitude at 6.3. The U.S. Tsunami Warning System said there was no threat of a tsunami after the quake. Reporting by Nilutpal Timsina in Bengaluru; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: GFZ, Nilutpal, Andrew Heavens Organizations: German Research Centre, Geosciences, U.S ., Thomson Locations: Mindanao, Philippines, U.S, Bengaluru

☆ Bitcoin hits $40,000 level for the first time this year
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. REUTERS/Marco Bello/File photo Acquire Licensing RightsDec 3 (Reuters) - Bitcoin hit $40,085 on Sunday, its highest in almost a year and a half, fuelled by bets that U.S. regulators will soon approve stock-market traded bitcoin funds. Bitcoin was up 1.55% at 2234 GMT, adding $611 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 51.1% from the year's low of $26,533 on Oct. 11. Their downfall caused havoc in crypto markets and sparked the bankruptcy of some high-profile companies in the crypto sector.

Persons: Marco Bello, Bitcoin, Nilutpal, Lisa Shumaker Organizations: REUTERS, Thomson Locations: Miami Beach , Florida, U.S, Bitcoin, Bengaluru

☆ UK's Cameron to travel to Washington on Dec. 6
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

British Foreign Secretary David Cameron looks on during a NATO foreign ministers meeting at the Alliance's headquarters in Brussels, Belgium November 28, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 3 (Reuters) - British Foreign Secretary David Cameron will travel to Washington D.C. on Wednesday, Dec. 6, the UK's Foreign, Commonwealth & Development Office (FCDO) said on Sunday in his first visit to the U.S. since taking up the position last month. Cameron will undertake a programme of bilateral meetings with U.S. Secretary of State Antony Blinken, as well as meet Republican and Democratic members of Congress, the FCDO statement said. Cameron, a former British prime minister, will take part in discussions with his U.S. counterparts with a focus on supporting Ukraine in its fight against Russian aggression, the statement said. Reporting by Nilutpal Timsina in Bengaluru; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: David Cameron, Yves Herman, Cameron, Antony Blinken, Nilutpal, Sharon Singleton Organizations: British, NATO, REUTERS, Washington D.C, Foreign, Commonwealth & Development, U.S, Republican, Democratic, Thomson Locations: Brussels, Belgium, Washington, British, Ukraine, Bengaluru

☆ Bitcoin rises 5.7% to $37,802
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: 1 min

A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNov 22 (Reuters) - Bitcoin rose 5.7 % to $37,802 at 2129 GMT on Wednesday, adding $2,044 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 42.5% from the year's low of $26,533 on Oct. 11. Ether , the coin linked to the ethereum blockchain network, rose 7.94 % to $2,087.9 on Wednesday, adding $153.6 to its previous close. Reporting by Nilutpal Timsina in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado, Nilutpal, Jonathan Oatis Organizations: REUTERS, Thomson Locations: Bitcoin, Bengaluru

☆ India cancels bid process to hire valuer for IDBI Bank sale
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

The logo of IDBI Bank is seen on the facade of its headquarters in Mumbai, India, April 18, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsNov 21 (Reuters) - The Indian government has cancelled the bidding process to hire an asset valuer for its planned IDBI Bank (IDBI.NS) share sale, according to a statement. The government will invite fresh bids to select a valuer for its stake in the lender, said a statement from the Department of Investment and Public Asset Management on Tuesday. India is looking to offload its 30.48% stake in IDBI Bank, while Life Insurance Corp (LIC) (LIFI.NS) of India will sell a 30.24% shareholding. Presently, the Indian government and LIC collectively own about 95% of IDBI Bank.

Persons: Niharika Kulkarni, LIC, Tuhin Kanta Pandey, Nikunj Ohri, Matthew Lewis Organizations: IDBI, REUTERS, Bank, Department of Investment, Public Asset Management, Life Insurance, IDBI Bank, Thomson Locations: Mumbai, India, IDBI Bank, New Delhi, Bengaluru

☆ Commerzbank receives crypto custody licence in Germany
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: 1 min

Nov 15 (Reuters) - Commerzbank AG (CBKG.DE) on Wednesday said it has received a crypto custody licence in Germany, allowing it to build up a broad range of digital asset services, with particular emphasis on crypto assets. Reporting by Nilutpal Timsina in Bengaluru; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Nilutpal, Jason Neely Organizations: Commerzbank, Thomson Locations: Germany, Bengaluru

☆ China is eyeing $137 bln of new funding to boost housing market - Bloomberg News
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: 1 min

Buildings of a residential compound are seen in Shanghai, China, March 17, 2016. REUTERS/Aly Song Acquire Licensing RightsNov 14 (Reuters) - China plans to provide at least 1 trillion yuan ($137.22 billion) of low-cost financing to the nation's urban village renovation and affordable housing programs, Bloomberg News reported on Tuesday, citing people familiar with the matter. The People's Bank of China (PBOC) will inject funds in phases through policy banks, with the money ultimately trickling down to households for home purchases, Bloomberg News reported. ($1 = 7.2875 Chinese yuan renminbi)Reporting by Nilutpal Timsina in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Nilutpal, Kim Coghill Organizations: REUTERS, Bloomberg, People's Bank of China, Bloomberg News, Thomson Locations: Shanghai, China, Bengaluru

☆ Saudi Arabia eyes stake in $30 bln Indian Premier League - Bloomberg News
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3 (Reuters) - Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world's richest cricket league, Bloomberg News reported on Friday, citing people familiar with the matter. Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion, the report said. The Board of Control for Cricket in India (BCCI), the custodian of the IPL, did not immediately respond to Reuters' request for a comment. IPL is one of the richest leagues in the world and has been attracting top players and coaches to India since its inaugural edition in 2008. Reporting by Nilutpal Timsina in Bengaluru; Editing by Shinjini Ganguli and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Saudi Arabian Crown Prince Mohammed bin, Nilutpal, Shinjini Ganguli, Shilpi Majumdar Organizations: Indian Premier League, Bloomberg, Saudi Arabian Crown, IPL, Control, Cricket, BCCI, Reuters, Thomson Locations: Saudi Arabia, Saudi, India, Bengaluru

☆ EU plans anti-subsidy probes to secure steel deal with US
▼ + stars: | 2023-10-10 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +4 min

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. Washington has asked Brussels to move against Chinese steel producers in particular in return for avoiding the re-imposition of Trump-era tariffs on EU steel and aluminium, with an end-October deadline to reach an agreement. Washington has said it wants to prevent "leakage" of Chinese steel and aluminium into the U.S. market. China's shipments have steadily fallen since 2015, when they made up 25% of EU steel imports in volume terms, to below 10% since 2018, according to EU steelmakers federation Eurofer. The extra annual emissions would by 2026 be more than the CO2 emissions of the entire EU steel sector, he said.

Persons: Damir Sagolj, Joe Biden, Ursula von der Leyen, Charles Michel, Washington, Axel Eggert, der Leyen, Nilutpal, Philip Blenkinsop, Amy Lv, Simon Cameron, Moore, Mark Potter, Matthew Lewis Organizations: Chongqing Iron, REUTERS, Rights, European, Trump, Financial Times, European Union, European Commission, EU, World Trade Organization, China's Ministry of Commerce, Thomson Locations: Chongqing, Changshou, China, Rights BRUSSELS, United States, European, EU, Brussels, Washington, U.S, East, North Africa, Bengaluru, Beijing

☆ EU plans anti-subsidy probe into Chinese steelmakers - FT
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File photo Acquire Licensing RightsOct 10 (Reuters) - The European Union is planning to announce anti-subsidy investigations against Chinese steelmakers at a summit with the U.S. this month, the Financial Times reported on Tuesday. Washington had asked Brussels to move against Chinese steel producers in return for avoiding the re-imposition of Trump-era tariffs on EU steel, the newspaper said. In September, Brussels launched an investigation into whether to impose punitive tariffs to protect EU producers against cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies. Additional reporting by Amy Lv in Beijing; Editing by Jacqueline Wong & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Damir Sagolj, Washington, Joe Biden, Ursula von der Leyen, Charles Michel, Nilutpal, Amy Lv, Jacqueline Wong, Simon Cameron, Moore Organizations: Chongqing Iron, REUTERS, European, U.S, Financial Times, Trump, China's Ministry of Commerce, EVs, Thomson Locations: Chongqing, Changshou, China, Brussels, Beijing, Bengaluru

Night-shift workers at Chevron's Gorgon and Wheatstone facilities voted to restart strikes in the afternoon meeting, the Offshore Alliance, a coalition of two unions, said in a statement. The unions accuse the U.S. oil giant of reneging on a deal that ended strikes last month. Reuters reported on Thursday, the bulk of workers at the facilities had voted to strike. Chevron must be given seven business days notice before strikes can begin and unions said they plan to file the notice on Monday. A union representative who declined to be named said there are no talks currently scheduled with Chevron.

Persons: Wheatstone, “, Brad Gandy, Nilutpal, Lewis Jackson, Mark Potter, Sharon Singleton Organizations: Reuters, Chevron, Handout, REUTERS, Offshore Alliance, Thomson Locations: Wheatstone, Western Australia, U.S, Bengaluru, Sydney

☆ Tesla cuts US prices of Model 3, Y in push to meet delivery goal
▼ + stars: | 2023-10-06 | by ( Urvi Manoj Dugar | ) www.reuters.com time to read: +2 min

Tesla Model 3 vehicles are shown for sale at a Tesla facility in Long Beach, California, U.S., May 22, 2023. The price cuts by Tesla - now by about 2.7% to 4.2% - started in January to support sales in an uncertain economy and fend off competition from U.S. automakers such as Ford and China's BYD. The standard Model 3 sedan is now $1,250 cheaper at $38,990, while the Model Y long-range variant costs $2,000 less at $48,490, the automaker's website showed. Overall, the standard Model 3's prices have come down by about 17% since the start of the year, while the Model Y long-range variant has seen a drop of over 26%. The price cuts will also add pressure on the "Detroit Three" as they deal with an unprecedented strike by autoworkers' union.

Persons: Mike Blake, Tesla, autoworkers, Urvi Dugar, Jyoti Narayan, Nilutpal, Shubham Kalia, Akash Sriram, Nivedita Bhattacharjee, Arun Koyyur Organizations: Tesla, REUTERS, U.S, Ford, Toyota, Alpha, Reuters, Thomson Locations: Long Beach , California, U.S, Bengaluru

☆ Trump endorses Jim Jordan to be House speaker
▼ + stars: | 2023-10-05 | by ( David Morgan | ) www.reuters.com time to read: +3 min

REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Oct 6 (Reuters) - Donald Trump is endorsing Congressman Jim Jordan to replace ousted U.S. House Speaker Kevin McCarthy, the former president said on Friday, as the chamber's fractious Republicans try to unify in the aftermath of McCarthy's historic fall. Jim, his wife, Polly, & family are outstanding - He will be a GREAT Speaker of the House, & has my Complete & Total Endorsement!" But acrimony and resentment over McCarthy's ouster could make nominating a new speaker a challenge for House Republicans. House Republican rules prohibit a speaker who is under felony indictment. Trump's pull with House Republicans has been tested at times this year.

Persons: Donald Trump, Kevin Lamarque, Jim Jordan, Kevin McCarthy, Jordan, Jim, Trump, Joe Biden, McCarthy, Steve Scalise, Biden, Democrat Joe Biden, David Morgan, Andy Sullivan, Costas Pitas, Nathan Layne, Nilutpal, Scott Malone, Howard Goller, Gerry Doyle Organizations: White, Washington , D.C, REUTERS, Rights, U.S, Military, Democratic, Fox News, Republicans, Republican, House Republicans, House, Capitol, Democrat, Thomson Locations: Washington ,, Jordan, Ohio, New York

☆ Two earthquakes rattle Nepal, injuring 17, triggering landslides
▼ + stars: | 2023-10-03 | by ( Gopal Sharma | ) www.reuters.com time to read: +1 min

KATHMANDU, Oct 3 (Reuters) - Two earthquakes rocked western Nepal on Tuesday, injuring 17 people, damaging homes and triggering a landslide that blocked a major highway, authorities said. The temblors, centred in Talkot and Chainpur, struck at an interval of about 30 minutes. Police official Dipesh Chaudhary said 17 people - 11 women and six men - were injured and were being treated in hospital. One of the injured people was hit by a falling object, said Narayan Pandey, the top district official. Some homes in Chainpur, a town in the district, collapsed.

Persons: Rama Acharya, Dipesh Chaudhary, Narayan Pandey, Nilutpal, Gopal Sharma, Tanvi Mehta, Andrew Heavens, Clarence Fernandez, Bernadette Baum Organizations: Reuters, Police, Thomson Locations: KATHMANDU, Nepal, Bajhang, India, Talkot, New Delhi, Chainpur, Bengaluru, Kathmandu

☆ Democratic Representative Henry Cuellar carjacked in Washington D.C. - Politico
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: 1 min

Rep. Henry Cuellar (D-TX) gives an interview in Laredo, Texas, U.S., October 9, 2019. Picture taken October 9, 2019. REUTERS/Veronica Cardenas/File Photo Acquire Licensing RightsOct 2 (Reuters) - Democratic Representative Henry Cuellar was carjacked in Washington D.C.'s Navy Yard neighborhood on Monday evening, Politico reported, citing three people familiar with the situation. Cuellar's office confirmed the account and said he was not harmed, Politico said. Reporting by Nilutpal Timsina in Bengaluru; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Rep, Henry Cuellar, Veronica Cardenas, Nilutpal, Christian Schmollinger Organizations: REUTERS, Democratic, Navy, Politico, Thomson Locations: Laredo , Texas, U.S, Washington, Bengaluru

☆ Donald Trump to appear in New York court for civil fraud trial
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

Former U.S. President and Republican presidential candidate Donald Trump appears at the fall convention of the California Republican Party in Anaheim, California, U.S., September 29, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 2 (Reuters) - Donald Trump said he will appear in a New York court on Monday at the beginning of a civil fraud trial in which the former president will face what he said was a "sham" accusation that he fraudulently inflated the value of properties and other assets. Trump lashed out in his post at New York state Attorney General Letitia James and the judge in the case, who Trump called "unfair, unhinged, and vicious in his pursuit of me". See you in Court - Monday morning," Trump said in his post, referring to the judge and the case. James is seeking at least $250 million in penalties, a ban on Trump and his sons, Donald Jr and Eric, from running businesses in New York, and a five-year commercial real estate ban against Trump and the Trump Organization.

Persons: Donald Trump, Mike Blake, Trump, Letitia James, Arthur Engoron, James, Donald Jr, Eric, Nilutpal Timsina, Robert Birsel Organizations: U.S, Republican, California Republican Party, REUTERS, Trump, Trump Organization, Thomson Locations: Anaheim , California, U.S, New York, Palm Beach , Florida, Bengaluru

☆ Meta is developing a new, more powerful AI system, Wall Street Journal reports
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsSept 10 (Reuters) - Meta Platforms (META.O) is working on a new artificial-intelligence system intended to be as powerful as the most advanced model offered by OpenAI, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The Facebook parent is aiming for its new AI model to be ready next year, the Journal said, adding it will be several times more powerful than its commercial version dubbed Llama 2. Llama 2 is Meta's open source AI language model launched in July, and distributed by Microsoft's (MSFT.O) cloud Azure services to compete with OpenAI's ChatGPT and Google's (GOOGL.O) Bard. Meta expects to start training the new AI system, known as a large language model, in early 2024, the report added. Businesses and enterprises have flocked to the nascent generative AI market for newer capabilities and refining business processes since the launch of OpenAI's ChatGPT late last year.

Persons: Yves Herman, OpenAI's ChatGPT, Bard, Meta, Google's Bard, Ajax, Nilutpal, Leslie Adler, Diane Craft Organizations: REUTERS, OpenAI, Wall Street, Meta, Bloomberg News, Apple, Thomson Locations: Brussels, Belgium, Bengaluru

☆ Gabon Junta Eyes 24-Month Transition to Elections - AFP Cites Interim PM
▼ + stars: | 2023-09-10 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - A 24-month transition to elections in Gabon would be "reasonable" after last month's coup, junta-appointed Prime Minister Raymond Ndong Sima was quoted as saying by French news agency AFP on Sunday. Army officers seized power on Aug. 30, annulling an election minutes after an announcement that President Ali Bongo had won, which they said was not credible. Bongo, in power since 2009, had succeeded his father Omar Bongo, who ruled for 42 years. The junta has promised to oversee free and fair elections, but has not given a timetable for organising them. In the first comments on a possible length of this transition, Ndong Sima told AFP: "It is good to start with a reasonable goal by saying: 'We hope to see the process completed within 24 months so that we can return to elections.'"

Persons: Raymond Ndong Sima, annulling, Ali Bongo, Bongo, Omar Bongo, Ndong Sima, Nilutpal, Alessandra Prentice, Peter Graff Organizations: Reuters, AFP, Sunday . Army Locations: Gabon, Bengaluru

☆ Walmart to explore buying majority stake in ChenMed, Bloomberg reports
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: 1 min

A shopper is seen without a mask after leaving a Walmart store in Bradford, Pennsylvania, U.S. July 20, 2020. REUTERS/Brendan McDermid Acquire Licensing RightsSept 8 (Reuters) - Walmart Inc (WMT.N) is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, Bloomberg News reported on Friday. The companies are in talks for a deal that would value ChenMed at several billion dollars, Bloomberg reported, citing people familiar with the matter. A deal could still be weeks away, the report said, adding that the terms are not finalized and talks could still fall apart. Walmart and ChenMed did not immediately respond to Reuters requests for comment.

Persons: Brendan McDermid, ChenMed, Nilutpal, Will Dunham Organizations: Walmart, REUTERS, Walmart Inc, Bloomberg, Thomson Locations: Bradford , Pennsylvania, U.S, ChenMed, Bengaluru

☆ Canada's Rogers to sell $2.2 bln in bonds to repay debt
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

The Rogers Building, the green-topped corporate campus of Canadian media conglomerate Rogers Communications is seen in downtown Toronto, Ontario, Canada July 9, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsSept 7 (Reuters) - Canada's Rogers Communications (RCIb.TO) said on Thursday it is pricing in a C$3 billion ($2.19 billion) bond offering to repay short-term debt and other borrowings. Rogers is selling its Canadian dollar-denominated senior bond in four parts, the telecoms company said in a statement, adding that the longest tranche of the offering, due for 2033, is priced at C$1 billion of 5.9% senior bonds. In March, Canada approved Rogers' buyout of Shaw Communications after securing binding commitments to pay financial penalties if it failed to create new jobs and invest to expand its network. ($1 = 1.3685 Canadian dollars)Reporting by Nilutpal Timsina in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Rogers, Nilutpal, Rashmi Aich, Sherry Jacob, Phillips Organizations: Rogers, Rogers Communications, REUTERS, Canada's Rogers Communications, Shaw Communications, Thomson Locations: Toronto, Ontario, Canada, Bengaluru

☆ Elon Musk borrowed $1 bln from SpaceX in same month of Twitter deal - WSJ
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

SpaceX approved the $1 billion loan, which was backed by some of Musk's SpaceX stock, in October and Musk drew all of it down the same month, according to the report, citing documents. SpaceX had $4.7 billion in cash and securities on hand at the end of last year, the paper said, citing documents. Both SpaceX and X did not immediately respond to a Reuters request for comment. Elon Musk sold a massive chunk of his Tesla shares in 2022, both before and after the Twitter deal, bringing his total sales to about $40 billion which frustrated investors in the EV maker. In addition to Tesla and X, Musk is a co-founder of brain-chip startup Neuralink.

Persons: Porte, Gonzalo Fuentes, Elon Musk, Musk, Tesla, Nilutpal Timsina, Mrinmay Dey, Sherry Jacob, Phillips, Eileen Soreng Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Twitter, Wall Street, Federal Communications Commission, Thomson Locations: Paris, France, Bengaluru

☆ Elon Musk borrowed $1 billion from SpaceX in same month of Twitter deal, Wall Street Journal reports
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

Sept 5 (Reuters) - Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday. SpaceX approved the $1 billion loan, which was backed by some of Musk's SpaceX stock, in October and Musk drew all of it down the same month, according to the report, citing documents. SpaceX had $4.7 billion in cash and securities on hand at the end of last year, the paper said, citing documents. REUTERS/Gonzalo Fuentes Acquire Licensing RightsBoth SpaceX and X did not immediately respond to a Reuters request for comment. In addition to Tesla and X, Musk is a co-founder of brain-chip startup Neuralink.

Persons: Elon Musk, Musk, Tesla, Porte, Gonzalo Fuentes, Nilutpal Timsina, Mrinmay Dey, Sherry Jacob, Phillips, Eileen Soreng Organizations: SpaceX, Twitter, Wall Street, Federal Communications Commission, Tesla, Viva Technology, Porte de, REUTERS, Thomson Locations: Paris, France, Bengaluru

☆ Mohamed al-Fayed, ex-Harrods owner whose son died with Princess Diana, dead at 94
▼ + stars: | 2023-09-01 | by ( Andrew Macaskill | ) www.reuters.com time to read: +6 min

Born in the Egyptian city of Alexandria, al-Fayed began his career selling fizzy drinks and then worked as a sewing-machine salesman. Al-Fayed died on Wednesday, his family said, a day before the 26th anniversary of Dodi and Diana's death. After a quarter of century of ownership, al-Fayed sold Harrods to Qatar's sovereign wealth fund in 2010. DIANA AND DODIThat summer, al-Fayed's son Dodi began a relationship with Princess Diana, who had divorced Prince Charles, the heir to the British throne. Dodi and Diana were pictured by British tabloids on holiday on a yacht in the south of France.

Persons: Diana's, Mohamed al, Fayed, Princess Diana, –, Diana, Dodi, Prince Philip, Mohamed Al Fayed, Mohamed, sequined, Michael Jackson, Eye, Roland, Tiny, Rowland, al, sleaze, Tony Blair, DIANA, Prince Charles, Mercedes, Blair, Sarah, I'm, Andrew MacAskill, Nilutpal, Giles Elgood, Rosalba O'Brien, Andrew Heavens Organizations: Fulham FC, Ritz, Harrods, Fulham, HARRODS, Department of Trade, Conservatives, Labour, Paris, Thomson Locations: Paris LONDON, Harrods, Egyptian, Alexandria, al, Europe, Fulham, Paris, Britain, France, British, Egypt, Al, Pont, London, Bengaluru

☆ Bitcoin falls 4.91% to $25,957
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: 1 min

Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 31 (Reuters) - Bitcoin dropped 4.91% to $25,957 at 21:45 GMT on Thursday, losing $1,341 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 18.4% from the year's high of $31,818 on July 13. Ether, the coin linked to the ethereum blockchain network, dropped 3.57 % to $1,644.4, losing $60.9 from its previous close. Reporting by Nilutpal Timsina in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Nilutpal, Krishna Chandra Organizations: REUTERS, Thomson Locations: Bitcoin, Bengaluru

☆ Canada's competition bureau ordered to pay nearly $10 mln to Rogers, Shaw
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

The Rogers Building, the green-topped corporate campus of Canadian media conglomerate Rogers Communications is seen in downtown Toronto, Ontario, Canada July 9, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsCompanies Rogers Communications Inc FollowAug 29 (Reuters) - Canada's merger court asked the competition bureau to pay about C$13 million ($9.58 million) to Rogers Communications (RCIb.TO) and Shaw Communications for the lengthy court battle after its failed attempt to block the telecom firms' C$20-billion merger. The Competition Tribunal, Canada's merger court, in a ruling dated Aug. 28 said the Commissioner of Competition Matthew Boswell's approach to block the deal was "unreasonable". The Rogers-Shaw merger had faced intense opposition from Canada's antitrust regulator whose efforts to block it were rejected by the Competition Tribunal and a Canadian court. In March, Canada approved Rogers' buyout of Shaw Communications after securing binding commitments to pay financial penalties if it failed to create new jobs and invest to expand its network.

Persons: Chris Helgren, Matthew Boswell's, Boswell, Rogers, Shaw, Nilutpal Timsina, Sherry Jacob, Phillips Organizations: Rogers, Rogers Communications, REUTERS, Shaw Communications, Competition, Thomson Locations: Toronto, Ontario, Canada, Bengaluru

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