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The Los Angeles Police Department removed a pro-Palestinian encampment at the University of Southern California early Sunday morning, pushing several dozen people out of the campus gates in the latest crackdown on student protesters there. The encampment had sprouted up nearly two weeks ago in Alumni Park, a central quad on U.S.C.’s campus in Los Angeles. Los Angeles police said on Sunday morning that they had made no arrests while clearing the encampment for the second time. The university cited security concerns, but the valedictorian, Asna Tabassum, said she believed she was being silenced. On Sunday, police officers in riot gear entered the campus before dawn, pushing about 25 protesters out of the campus’s metal gates.

Persons: Asna Tabassum Organizations: Los Angeles Police Department, University of Southern, Sunday Locations: University of Southern California, ’, Los Angeles

Divya Jakatdar imagined that she would spend her senior year of high school celebrating college acceptances with her friends, attending prom and walking across the stage at graduation to the cheers of her family members. Instead, her senior spring arrived at the same time as the coronavirus pandemic. She said goodbye to high school classmates over Zoom; her graduation was a drive-through. Ms. Jakatdar, 21, thought her senior year at the University of Southern California might be a kind of do-over. “It’s a very big hit to morale for the exact class that felt like they lost their high school graduation,” Ms. Jakatdar, the student body president of U.S.C., said a few minutes after getting news that the commencement was off.

Persons: Divya Jakatdar, Jakatdar, Asna Tabassum, Jon M, Chu, Billie Jean King, ” Ms, “ We’ve, ” Organizations: University of Southern Locations: University of Southern California, Israel

☆ U.S.C. Cancels Its Main Graduation Ceremony, Citing Security Concerns
▼ + stars: | 2024-04-25 | by ( Stephanie Saul | More About Stephanie Saul | ) www.nytimes.com time to read: 1 min

The University of Southern California announced on Thursday that it has canceled its main-stage graduation ceremony for students, a move that follows campus protests over the Israel-Hamas war and a controversy over its selection of a class valedictorian. This week, the university has been rocked by turmoil by pro-Palestinian protesters, resulting in the arrests of more than 90 people. It was the continuation of controversy on the Los Angeles campus that began in early April, when the university selected a Muslim valedictorian, Asna Tabassum, a biomedical engineering major from Chino Hills, Calif. Following complaints from several Jewish organizations that Ms. Tabassum, who is of South Asian descent, had posted a social media link to a pro-Palestinian organization, the university informed her that she would not be delivering the valedictorian speech, which is a tradition.

Persons: Asna, Tabassum Organizations: University of Southern California, Los Angeles Locations: Israel, Chino Hills, Calif

☆ U.S.C. Cancels Valedictorian’s Speech After Claims of Antisemitism
▼ + stars: | 2024-04-16 | by ( Stephanie Saul | ) www.nytimes.com time to read: +1 min

The University of Southern California said it has canceled plans for a graduation speech by this year’s valedictorian, Asna Tabassum, who is Muslim. The school said the decision stemmed from security concerns, after several pro-Israeli groups objected to her social media posts supporting Palestinians. The decision drew immediate criticism from the Los Angeles office of the Council on American-Islamic Relations, as well as from Ms. Tabassum, a biomedical engineering major. “I am both shocked by this decision and profoundly disappointed that the university is succumbing to a campaign of hate meant to silence my voice,” Ms. Tabassum wrote in a statement. University officials have had to handle vociferous debates over pro-Palestinian student protests, which many Jewish students and alumni say often veer into antisemitism.

Persons: Asna Tabassum, Tabassum, “, Ms Organizations: University of Southern, Islamic, Hamas, University Locations: University of Southern California, Los Angeles, Israel

☆ Deepening US divide over Israel tests the limits of free speech
▼ + stars: | 2024-04-16 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Separately, on Monday, the University of Southern California canceled the commencement speech of its valedictorian – biomedical engineering major Asna Tabassum, who is Muslim – after her social media posts were targeted by pro-Israel activists, raising questions about the existence of free speech. “Tradition must give way to safety,” USC Provost Andrew Guzman wrote in an online, campuswide letter announcing his decision to axe Tabassum’s speech. In her Instagram profile, she links to a website that calls for the abolishment of the state of Israel. The content of the commencement speech was not mentioned in Guzman’s letter announcing the cancellation, and he argued it was not about speech but about security. When Fisk tried to grab the microphone from Afaneh, the mixer turned into a social media moment.

Persons: ”, Tabassum, –, Andrew Guzman, Jon Chu, Rich Asians ”, Asna Tabassum, CNN’s Nick Watt, ” Tabassum, “, Guzman, ” Guzman, there’s, Tom Cotton of, ” Cotton, Cotton, George Floyd, Sen, John Fetterman, Erwin Chemerinsky, Catherine Fisk –, Fisk, Malak Afaneh, Chemerinsky, Jake Tapper, Defamation League “ Organizations: CNN — Pro, Israel, University of Southern, USC, Rich Asians, Bay, Republican, Fox News, The New York Times, Pennsylvania Democrat, Starbucks, University of California, Berkeley Law, Justice, CNN, Islamic Relations, CAIR, Defamation League Locations: Gaza, Bakersfield , California, University of Southern California, USC, Los Angeles, Israel, Tom Cotton of Arkansas, Pennsylvania, Ann Arbor , Michigan, Berkeley, Oakland , California, Palestine, United States

☆ P&G to record up to $2.5 bln in Gillette writedown, operations rejig
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec. 31 on its Gillette business. P&G, which bought Gillette for $57 billion in 2005, gets about 8% of its total sales from the grooming business. "It's very difficult for us as a U.S. dollar-denominated company to create value (in these markets)," Schulten said. Total charges will be between $2 billion and $2.5 billion after tax and will be recognized in fiscal years 2024 and 2025. Net earnings attributable to the company was $14.7 billion for fiscal 2023.

Persons: Timothy Aeppel, Andre Schulten, Morgan Stanley, Schulten, Juveria Tabassum, Sriraj Organizations: Procter, REUTERS, Procter & Gamble, Gillette, Morgan, Thomson, & $ Locations: Tabler Station, West Virginia, U.S, Argentina, Nigeria

☆ Farfetch founder bids to take company private - Telegraph
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

A banner to celebrate the IPO of online fashion house Farfetch is displayed on the facade of the of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 28 (Reuters) - Online luxury retailer Farfetch's (FTCH.N) founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday. Shares of the company edged 20% higher following the news. Farfetch did not immediately respond to a Reuters request for comment. Reporting by Juveria Tabassum and Annett Mary Manoj; Editing by Maju Samuel and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, José Neves, Neves, Farfetch, Juveria Tabassum, Mary Manoj, Maju Samuel, Shilpi Majumdar Organizations: New York Stock Exchange, REUTERS, Telegraph, JPMorgan, HK, Thomson Locations: New York, U.S, Swiss

NEW YORK, Nov 27 (Reuters) - A record amount of price-pinched holiday shoppers are expected to use buy now, pay later services for Cyber Monday to relieve stress on their wallets, according to Adobe Analytics. [1/2]A worker sorts products during Cyber Monday at the Amazon's fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2023. The buy now, pay later firm saw a 29% increase in orders placed by U.S. shoppers on Black Friday, with some of the most popular items being personal electronics, televisions and kitchen appliances. It's become really, really, really popular," said Dan Dolev, an analyst at Mizuho Securities. Average basket sizes for buy now, pay later orders on Black Friday declined 32% compared to last year, according to a report from Quantum Metric, a sign that shoppers aren't making as big of purchases this year.

Persons: Klarna, BNPL, Mike Segar, It's, Dan Dolev, Arriana McLymore, Deborah Sophia, Juveria Tabassum, Aurora Ellis Organizations: Adobe Analytics, Shoppers, REUTERS, Mizuho Securities, Black, Thomson Locations: Robbinsville , New Jersey, U.S, New York City, Bengaluru

WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe. WHAT ARE RETAILERS DOING TO ATTRACT HOLIDAY SHOPPERS? Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.

Persons: Marcus Collins, Collins, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Dana Telsey, Leonardo Fernandez Viloria, David Bujnicki, Kimco, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Herbert Lash, Josie Kao Organizations: Retailers, Department, Ross School of Business, University of Michigan, Dollar, Walmart, Associates, Nordstrom, Adobe Analytics, Electronics, Mastercard, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Black, REUTERS, Adobe, Labor, Kimco Realty Corp, Consumers, Deloitte, Reuters, Thomson Locations: U.S, Europe, Philadelphia, China, United States, Caracas, Venezuela, Panama, Israel, Sixth, Washington, Germany, India, Spain, United Kingdom, Bengaluru, London

[1/4] Consumers struggle to enter a store to buy shoes in a store at a shopping center during Black Friday sales, in Caracas, Venezuela November 25, 2022. WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe Analytics. Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.

Persons: Leonardo Fernandez Viloria, Marcus Collins, Collins, Dana Telsey, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Josie Kao Organizations: Black, REUTERS, Retailers, Department, Ross School of Business, University of Michigan, Labor, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Adobe Analytics, Dollar, Walmart, Associates, Nordstrom, Adobe, Consumers, Deloitte, Electronics, Mastercard, Reuters, Thomson Locations: Caracas, Venezuela, U.S, Europe, Philadelphia, Panama, United States, United Kingdom, China, Bengaluru, London

☆ Clorox's cyber chief leaves as recovery from cyberattack continues - Bloomberg News
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David Ryder/File Photo Acquire Licensing RightsNov 15 (Reuters) - Clorox's (CLX.N) chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on Wednesday, citing an internal memo. The incident in August threw the cleaning supplies maker's order fulfillment facilities out of gear for more than a month, and forced it to trim its annual revenue forecast. The memo does not address the reasons for Bogac's departure, the Bloomberg report said, adding that Chau Banks, Clorox's chief information and data officer, would fill the role on an interim basis. The Pine-Sol maker's net revenue fell 20% in the first quarter ended Sept. 30, when its products were off the shelves for a short period following the cyberattack. Clorox was among several companies including MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O) to be hit by cyber attacks this year.

Persons: David Ryder, Amy Bogac, Clorox, Chau Banks, Juveria Tabassum, Shilpi Majumdar Organizations: Life Care, of Kirkland, REUTERS, Bloomberg, Reuters, MGM Resorts International, Caesars Entertainment, Thomson Locations: Kirkland , Washington , U.S, Chau

☆ Workers United calls for walkouts at hundreds of Starbucks stores on Red Cup day
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsCompanies Starbucks Corp FollowNov 13 (Reuters) - The Workers United union said on Monday that thousands of employees at hundreds of Starbucks (SBUX.O) stores will walk out on the coffee chain's key Red Cup day promotional event this week, citing staffing and scheduling issues. Starbucks hands out free reusable holiday-themed cups with coffee purchases on the popular promotional event Red Cup day, which falls on Thursday this week, in the midst of the key holiday season. The Workers United in a statement said that Red Cup day is "one of the most infamously hard, understaffed days for the baristas" at Starbucks, and called on baristas and supervisors at all Starbucks stores to walk out on Nov. 16. The union had called for protests at more than 100 Starbucks stores at Red Cup day last year. Workers United represents more than 360 unionized stores and more than 9,000 Starbucks employees, according to the union's website.

Persons: Carlo Allegri, . Workers United hasn't, they've, Juveria Tabassum, Rashmi Organizations: Empire, REUTERS, Companies Starbucks Corp, The Workers United, Starbucks, The Workers, Red, Workers, . Workers United, Reuters, Workers United, Thomson Locations: Manhattan, New York, U.S

☆ FTC seeks information on $8.5 bln Tapestry-Capri deal
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

The logo of Michael Kors is seen on an outlet store in Metzingen, Germany, June 16, 2017. REUTERS/Michaela Rehle/File Photo Acquire Licensing RightsNov 6 (Reuters) - The U.S. Federal Trade Commission (FTC) has sent requests to Tapestry (TPR.N) and Michael Kors owner Capri Holdings (CPRI.N) for more information on their planned $8.5 billion deal, the companies said on Monday. The companies said on Monday they expect to respond "promptly" to the FTC's request and aim to close the deal as planned, in 2024. Capri's shares, which had jumped 55% on Aug. 10 after the deal was announced, were down 2.5% in extended trade. Reporting by Manas Mishra and Juveria Tabassum in Bengaluru; Editing by Shounak Dasgupta and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael Kors, Michaela Rehle, Kate Spade, Stuart Weitzman, Jimmy Choo, Versace, Capri's, Tapestry, Manas Mishra, Juveria, Shounak Dasgupta, Krishna Chandra Organizations: REUTERS, U.S . Federal Trade Commission, Capri Holdings, Capri, Thomson Locations: Metzingen, Germany, Paris, Bengaluru

☆ 'Barbie' boom helps Mattel lift annual profit target after bumper sales
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Barbie dolls, a brand owned by Mattel, are seen at the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. The company now expects annual adjusted earnings per share between $1.15 and $1.25, compared with its previous forecast of $1.10 to $1.20. read moreWorldwide gross billings, or the amount invoiced to customers, for Mattel's Dolls segment rose 24% in constant currency for the quarter. Mattel slightly raised its annual adjusted gross margin target to between 47% and 48%, after margins for the quarter ended Sept. 30 rose 270 basis points to 51%. Adjusted profit per share came in at $1.08, beating analysts' estimate of 86 cents, according to LSEG data.

Persons: Barbie, FAO Schwarz, Andrew Kelly, Ynon Kreiz, Kreiz, Juveria Tabassum, Devika Organizations: Mattel, FAO, REUTERS, Reuters, Thomson Locations: Manhattan , New York City, U.S

☆ Kimberly-Clark boosts profit target for third time as price hikes pay off
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

Kimberly-Clark saw prices rise by 5% in the quarter through September, while volumes dropped by only 1%, indicating that customers, especially in North America, were showing little resistance to price hikes despite squeezed household budgets. It also expects adjusted operating margin to improve by 170 basis points in 2023, against its earlier estimate for a rise of 150 basis points. Excluding one-off items, Kimberly-Clark posted a profit of $1.74 per share, above estimates of $1.59 per share, according to LSEG data. It reported third quarter net sales of $5.13 billion, while analysts on an average had expected sales of $5.15 billion. Reporting by Juveria Tabassum and Granth Vanaik in Bengaluru; editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Kimberly, Clark, Carlos Jasso, Juveria Tabassum, Milla Nissi Organizations: REUTERS, Procter & Gamble, Thomson Locations: Maracay, Venezuela, North America, Kimberly, Bengaluru

☆ Philip Morris lifts profit forecast on higher pricing, ZYN growth
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 19 (Reuters) - Philip Morris International (PMI) on Thursday raised its annual profit forecast as its third quarter earnings beat expectations thanks to higher cigarette prices, demand for its heated tobacco products, and rapid growth of its oral nicotine product ZYN. PMI's core smoke-free tobacco product, however, is its IQOS heated tobacco device and the tobacco sticks used with it. The company said heated tobacco shipment volumes had increased 18% during the quarter, but its full-year forecast assumed these would be lower than previously expected. It said this was due to a delayed market launch in Taiwan, limited growth in Russia and Ukraine and inventory uncertainty in Europe amid incoming regulations on heated tobacco flavours. PMI also tempered its revenue expectations for the full year.

Persons: Philip Morris, Dado Ruvic, ZYN, Jacek Olczak, IQOS, Juveria Tabassum, Emma Rumney, Chizu Nomiyama, Kirsten Donovan Organizations: Philip Morris International, REUTERS, Swedish, PMI, Thomson Locations: Taiwan, Russia, Ukraine

☆ Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

Oct 16 (Reuters) - Vista Outdoor (VSTO.N) said on Monday it would sell its sporting products business in a $1.91 billion deal, although its shares tumbled about 20% in early trading after it cut its full-year sales forecast. The all-cash sale of the sporting products unit, which includes its guns and ammunition business, to privately held Czechoslovak Group a.s. (CSG) is expected to close next calendar year, Vista Outdoor said. Earlier this month, Vista spun off its outdoor products segment, which includes helmets and water bottles, into a separate publicly traded company called Revelyst as part of its previously announced plan. Vista said in a call with analysts and investors that the separation of its sporting and outdoor goods units will be formalized at the closing of its deal with CSG. CSG said it plans to take $1.11 billion of debt financing to fund the deal with Vista Outdoor.

Persons: Andy Keegan, Vista, Fiocchi Munizioni, Juveria Tabassum, Jason Hovet, Jan Lopatka, Savio D'Souza, Shweta Agarwal Organizations: Vista, CSG, Thomson Locations: Ukraine, Prague

☆ Rubik's Cube-owner Spin Master to buy Melissa & Doug for $950 million
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Oct 11 (Reuters) - Canadian toys and games-maker Spin Master (TOY.TO) said on Wednesday that it has agreed to buy U.S.-based toy-maker Melissa & Doug for $950 million in cash, taking the shares of the Rubik's Cube owner up nearly 8% in early trade. The move comes days after Spin Master signed a deal with the retailing and licensing division of Paramount Global (PARA.O) for a new animated series in the well-known Dora the Explorer franchise. Spin Master said it expects the Melissa deal, which includes $500 million in debt financing, to be immediately accretive to its earnings per share. Melissa & Doug makes toys for children in the preschool ages, and is known for its wooden jigsaw puzzles. Spin Master, which also owns the popular children's cartoon adventure series PAW Patrol, has a market capitalization of C$3.50 billion ($2.57 billion) as of stock's last close.

Persons: Melissa, Dora, Juveria Tabassum, Shailesh Organizations: Spin, Paramount Global, Explorer, Thomson

☆ Walmart expands online healthcare benefits for US employees
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Siddharth Cavale/File Photo Acquire Licensing RightsOct 10 (Reuters) - Walmart (WMT.N) said on Tuesday it will expand online primary care benefits as part of its employee health insurance plan to its workers in 28 U.S. states. Walmart said it has partnered with virtual healthcare services provider Included Health to expand its online primary care services, which are already available in 21 states. The expansion comes months after Walmart announced plans to open new healthcare centres in the U.S. next year, as the company looks to expand its footing in the industry. Walmart said in a blog post it had observed an 11% reduction in the total costs of care for its employees and their families from a pilot run for its virtual primary care service. The company added that most of its online health services offered as part of the plan were available at no additional cost.

Persons: Siddharth Cavale, Juveria Tabassum, Sherry Jacob, Phillips, Shweta Agarwal Organizations: REUTERS, Walmart, Health, Thomson Locations: Teterboro , New Jersey, U.S, United States

☆ Corona beer-maker Constellation Brands lifts profit forecast on higher pricing
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Bottles of the beer, Corona, a brand of Constellation Brands Inc., sit on a supermarket shelf in Los Angeles, California April 1, 2015. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 5 (Reuters) - Constellation Brands (STZ.N) raised its annual profit target on Thursday after topping sales expectations for the second quarter, riding on higher prices and strong demand for its beers and spirits. Constellation, like peer Brown-Forman (BFb.N), has benefited from increasing prices in a bid to offset steeper input costs. The company now expects fiscal 2024 comparable earnings per share between $12.00 and $12.20, as against its previous forecast of profit between $11.70 and $12.00 per share. Constellation's quarterly sales rose 7%, to $2.84 billion, compared with analysts' average estimate of $2.82 billion, as per IBES data from LSEG.

Persons: Lucy Nicholson, Brown, Forman, Juveria Tabassum, Pooja Desai Organizations: Constellation Brands Inc, REUTERS, Constellation Brands, LSEG, Thomson Locations: Corona, Los Angeles , California, U.S

☆ Corona beer maker Constellation Brands bets on higher pricing to lift profit view
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Bottles of the beer, Corona, a brand of Constellation Brands Inc., sit on a supermarket shelf in Los Angeles, California April 1, 2015. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 5 (Reuters) - Constellation Brands (STZ.N) raised its annual profit target on Thursday after higher prices and strong demand for its beers and spirits drove a sales and profit beat in the second quarter. Alcohol producers such as Constellation and peer Brown-Forman (BFb.N) have benefited from increasing prices, helping offset steeper raw material costs. Constellation also raised the annual sales forecast for its beer business. Constellation now expects fiscal 2024 comparable earnings per share between $12.00 and $12.20, as against its previous forecast of profit between $11.70 and $12.00 per share.

Persons: Lucy Nicholson, Brown, Forman, Kim Crawford, Busch, Bud Light, Bump Williams, Garrett Nelson, Juveria Tabassum, Pooja Desai Organizations: Constellation Brands Inc, REUTERS, Constellation Brands, Constellation, Modelo Especial, Corona, Modelo, Anheuser, LSEG, Thomson Locations: Corona, Los Angeles , California, U.S, Rochester , New York

Islamabad, Pakistan CNN —Pakistan, home to more than 1.7 million people who have fled violence in neighboring Afghanistan, is launching a mass deportation of “illegal immigrants,” authorities said Tuesday. But their presence in Pakistan has long been controversial, with police crackdowns and threats of deportation in previous years. Hundreds of Afghans have already been deported from Pakistan this year, according to volunteer groups, citing local records. Many Afghans fled the Soviet invasion of their country in 1979, settling in Pakistan during the biggest refugee crisis in the world at the time. “It is deeply concerning that the situation of Afghan refugees in Pakistan is not receiving due international attention.”

Persons: Sarfraz Bugti, ”, Bugti, Rizwan Tabassum Organizations: Pakistan CNN —, United Nations ’, Getty, National Apex Committee, Nonprofit, Amnesty Locations: Islamabad, Pakistan, Pakistan CNN — Pakistan, Afghanistan, Karachi, AFP, Soviet, Kabul, United States

☆ Carnival's fuel costs overshadow better annual forecast on cruise boom
▼ + stars: | 2023-09-29 | by ( Juveria Tabassum | ) www.reuters.com time to read: +3 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. The company was "not thinking" about fuel hedging at this point, CFO David Bernstein told Reuters in an interview. Instead, to reduce the fuel burn, Carnival was looking at fuel optimization technologies and enhancing itineraries, Bernstein added. CRUISE DEMAND THRIVESCruise operators have benefited from pent-up travel demand following the pandemic and travelers looking for better vacation deals.

Persons: Marco Bello, Morningstar, Jaime Katz, David Bernstein, Bernstein, Alex Brignall, Joshua Weinstein, Carnival, Juveria Tabassum, Devika Syamnath, Shweta Agarwal Organizations: Miami Port, Rivals, Cruise Lines, Royal, Reuters, Thomson Locations: Miami , Florida, U.S, Royal Caribbean, Atlantic

☆ Carnival trims loss forecast as strong cruise demand cushions fuel hit
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Still, its shares fell about 4.7% as Carnival forecast an unfavorable net impact of $130 million in the fourth quarter from higher fuel prices and unfavorable currency exchange rates. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. Carnival posted third-quarter profit of $1.07 billion, or 79 cents per share, compared with a loss of $770 million, or 65 cents per share, a year earlier. Its quarterly revenue of $6.9 billion beat estimates of $6.69 billion, according to LSEG data, and also hit a record high.

Persons: Marco Bello, David Bernstein, Alex Brignall, Carnival, Juveria Tabassum, Devika Organizations: Miami Port, Cruise, Cruise Lines, Royal, Thomson Locations: Miami , Florida, U.S, Royal Caribbean, Atlantic

☆ Carnival trims annual loss forecast on high demand, ticket prices
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. Cruise operators, therefore, have a lot of room to hike prices and still stay cheaper than land vacations. Carnival posted third-quarter profit of $1.07 billion, or 79 cents per share, compared with a loss of $770 million, or 65 cents per share, a year earlier. Carnival now expects annual loss per share between 12 cents and 4 cents, compared with its previous forecast for a loss between 20 cents and 8 cents.

Persons: Marco Bello, Juveria Tabassum, Devika Organizations: Miami Port, Cruise Lines, Royal, Redbrun, Cruise, Thomson Locations: Miami , Florida, U.S, Royal Caribbean

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