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"While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club," said Kevin Teng, CEO of WRISE Wealth Management Singapore, a wealth enterprise for ultra-high net worth individuals. Family offices as investment vehiclesIndividuals of such wealth generally have their money managed by single family offices, which handle everything including their inheritance, household bills, credit cards, immediate family expenses, etc., said Andrew Amoils, an analyst at global wealth intelligence firm New World Wealth. "These family offices often have foundation arms for charities and venture capital arms that invest in high growth startups," said Amoils. The number of family offices in the world has tripled since 2019, topping 4,500 worldwide last year with an estimated $6 trillion in assets under management combined. Ultra high net worth individuals also explore potentially buying stakes in professional sports teams, said Dandrew's Buscemi.
Persons: Yana Iskayeva, Kevin Teng, Salvatore Buscemi, Teng, Buscemi, Michael Sonnenfeldt, , Andrew Amoils, Dandrew's Buscemi, Jerry Jones, Jayne Kamin Organizations: WRISE Wealth Management Singapore, Bay Area, NFL, Dandrew, CNBC, Dandrew Partners, Tiger, Dallas Cowboys, Getty Locations: centimillionaires, New York City, Bay, Los Angeles, London, Beijing, WRISE, United States, Oxnard , California
Boko Haram has waged a 15-year insurgency battle in northern Nigeria and has kidnapped thousands of people in that time. But the Chibok girls serve as a potent symbol to the world of hope and resilience. Boko Haram robbed her futureOnce an ambitious student with dreams of academic achievement, Hauwa Ishaya was 16 when she was kidnapped. As a result, she instead became a self-described “slave” – attending to her married sisters’ needs and treating wounded Boko Haram fighters. ‘I believe she’s alive’It is not only the girls kidnapped 10 years ago whose lives have been forever changed.
Persons: Nigeria CNN —, Haram, Amina Ali, Amina, Boko, CNN Amina, , Hauwa Ishaya, CNN Hauwa, ” –, , Hauwa, , Hannatu Stephen, Hannatu, , Yana Galang, Rifkatu, Yana, CNN Yana, she’s Organizations: Nigeria CNN, Amnesty International, CNN, American University of Nigeria Locations: Yola, Nigeria, Adamawa State, Boko Haram, Chibok
Four men accused of staging the Russia concert hall attack that killed more than 130 people appeared before a Moscow court Sunday showing signs of severe beatings as they faced formal terrorism charges. There had been earlier conflicting reports in Russian media outlets that said three or all four men admitted culpability. Russian media said Saturday that one of the suspects had his ear cut off during interrogation. A steady stream of people added to a makeshift memorial near the burned-out concert hall, creating a huge mound of flowers. Igor Pogadaev was desperately seeking any details about his wife, Yana Pogadaeva, who went to the attack concert.
Persons: Dalerdzhon Mirzoyev, Saidakrami Rachabalizoda, Shamsidin Fariduni, Mukhammadsobir Faizov, Rachabalizoda, Mirzoyev, Vladimir Putin, Andrey Kondakov, Marina Korshunova, Rescuers, Igor Pogadaev, Yana Pogadaeva, Pogadaev, couldn't, wasn't, Putin, Russia's Organizations: Associated Press, Crocus City Hall, Islamic State, RIA Novosti, Moscow's Department of Health, Ministry Locations: Crocus, Krasnogorsk, Moscow, Russia, Basmanny, Tajikistan, Russian, Ukraine
Skochilenko, an artist and musician known as Sasha to her friends, has admitted replacing price tags in a supermarket in her native St Petersburg on March 31 2022 with small pieces of paper urging an end to the war and criticising the authorities. But Skochilenko, who has already spent over a year-and-a half in prison, denies the formal charge of knowingly spreading false information about the Russian army. Skochilenko is due to make a final statement on Thursday to a court in St Petersburg which is expected to deliver a verdict on the same day. Amnesty International has declared Skochilenko "a prisoner of conscience" - someone who is imprisoned solely because of who they are or what they believe. Reporting by Reuters Writing by Andrew Osborn Editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Alexandra, Sasha, Skochilenko, Said, Alexandra Skochilenko, Russia's, Moscow, Vladimir Putin, Yana Nepovinnova, Andrew Osborn, Barbara Lewis Organizations: Amnesty International, Thomson Locations: Ukraine, Saint Petersburg, Russia, Russian, St Petersburg
By Andrew Osborn(Reuters) - A Russian artist who replaced supermarket price tags with messages calling for an end to Moscow's war in Ukraine is expected to learn her fate in court on Thursday with a state prosecutor asking for her to be jailed for eight years. But Skochilenko, who has already spent over a year-and-a half in prison, denies the formal charge of knowingly spreading false information about the Russian army. Skochilenko is due to make a final statement on Thursday to a court in St Petersburg which is expected to deliver a verdict on the same day. Amnesty International has declared Skochilenko "a prisoner of conscience" - someone who is imprisoned solely because of who they are or what they believe. One of her lawyers, Yana Nepovinnova, told the court on Monday that her client should be acquitted.
Persons: Andrew Osborn, Alexandra Skochilenko, Russia's, Moscow, Vladimir Putin, Sasha, Skochilenko, Yana Nepovinnova, Barbara Lewis Organizations: Amnesty International, Reuters Locations: Russian, Ukraine, Russia, St Petersburg
Why more women are choosing to be child-free
  + stars: | 2023-09-25 | by ( Harmeet Kaur | ) edition.cnn.com   time to read: +11 min
Demographers point to a number of factors driving this phenomenon: economic insecurity, political uncertainty, shifting gender norms and a lessening stigma around the choice to remain child-free. In the past, women who could have been inclined to remain child-free might have given birth anyway because that is what society expected from them. Even so, women who choose to remain child-free say they still feel like they constantly have to explain their choices to others. Women who opt to remain child-free say they still experience judgment for their choices. The assumption that child-free women don’t care about children simply isn’t true either, some say.
Persons: CNN — Dyanna Volek, “ I’m, , Volek, , doesn’t, don’t, Cecilia Sanders, Sanders, ’ ”, Amy Blackstone, ” Blackstone, “ We’ve, we’ve, Yana Grant, Yana Grant “, ” Grant, Grant, They’re, Graves, Jordan Levey, Levey, they’d, wasn't, Jordan Levey “, , ” Sanders, Blackstone, They’ve, they’ll, couldn’t, Organizations: CNN, Centers for Disease Control, University of Maine, US, Getty Locations: San Francisco, Chicago, Tulsa , Oklahoma, Oklahoma, Washington
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Persons: Dow Jones Locations: paris
Bitcoin falls 7.2% to $26,634
  + stars: | 2023-08-17 | by ( ) www.reuters.com   time to read: 1 min
A representation of cryptocurrency Bitcoin is placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsAug 17 (Reuters) - Bitcoin dropped 7.2% to $26,634 at 21:45 GMT on Thursday, losing $2,067 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 16.3% from the year's high of $31,818 on July 13. Ether , the coin linked to the Ethereum blockchain network, dropped 11.29% to $1,547.4 on Thursday, losing $203.8 from its previous close. Reporting by Yana Gaur in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Yana Gaur, Shinjini Organizations: REUTERS, Thomson Locations: Bitcoin, Bengaluru
July 31 (Reuters) - Cash-strapped U.S. trucking company Yellow Corp (YELL.O) has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday. Yellow, formerly called YRC Worldwide, did not respond to a Reuters request for comment. The company was the third-biggest U.S. trucker specializing in the less-than-truckload segment that combines shipments from different customers in the same trailer. The Wall Street Journal reported the closure of the trucking firm's operations citing notices sent to customers and employees. On Monday, another 128 union members at YRC Freight Canada, a unit of Yellow, were told not to report for work.
Persons: Sean M O'Brien, Donald Trump, Yana Gaur, Urvi, Bharat Govind Gautam, Chris Reese, Stephen Coates, Nivedita Organizations: Yellow Corp, Teamsters Union, YRC, Teamsters, Walmart, Uber, Street Journal, YRC Freight, Thomson Locations: Nashville , Tennessee, YRC Freight Canada, Bengaluru
July 30 (Reuters) - Walmart (WMT.N) has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street Journal reported on Sunday, citing a letter by the hedge-fund to its investors. Walmart, Flipkart and Tiger Global did not immediately respond to Reuters' request for comment. Earlier this year the Economics Times reported that private equity firms Accel and Tiger Global, two early backers of Flipkart, were in talks to sell their remaining stake in the company to Walmart. Tiger Global held about 4% of the company, according to the ET report. Walmart acquired a majority stake of 77% in Flipkart for about $16 billion in 2018, and later that year said it could take the company public in four years.
Persons: Japan's SoftBank, Yana Gaur, Kim Coghill, Chris Reese Organizations: Walmart, Tiger, Flipkart, Wall Street, Tiger Global, Reuters, Economics Times, Accel, Thomson Locations: U.S, Flipkart, Bengaluru
July 30 (Reuters) - U.S. trucking firm Yellow (YELL.O) ceased all operations on Sunday, the Wall Street Journal said citing notices sent to customers and employees. The Wall Street Journal reported last week the Nashville, Tennessee-based company is preparing to file for bankruptcy and has laid off a large number of workers. Earlier this month Yellow averted a threatened strike by 22,000 Teamsters-represented workers, saying the company will pay the more than $50 million it owed in worker benefits and pension accruals. The company said on Thursday it is exploring opportunities to divest its third party logistics company Yellow Logistics Inc, and is engaged with multiple interested parties. Reporting by Yana Gaur in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Yana Gaur, Chris Reese Organizations: Wall Street, Street, Teamsters, Yellow Logistics Inc, Thomson Locations: U.S, Nashville , Tennessee, Bengaluru
Wells Fargo's firearm policies under Texas AG scrutiny
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: +2 min
July 28 (Reuters) - Wells Fargo & Co's (WFC.N) policies around the firearm industry are being probed by the Texas Attorney General's office, the company said in an emailed statement on Thursday. "We have been cooperating with the Texas AG's Office and continue to affirm our standing letter that was provided to that office," the company said. The public finance division, which oversees most municipal bond offerings in Texas, will decide by Aug. 25 whether the bank is a "discriminating company," according to Bloomberg News. The Texas Attorney General's office did not respond to a Reuters request for comment on the report. Reporting by Yana Gaur and Juby Babu in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Leslie Brock, Wells, Bill, Brock, Yana Gaur, Juby Babu, Kim Coghill Organizations: Texas Attorney, Bloomberg, Reuters, Texas AG's Office, Bloomberg News, Texas, Citigroup Inc, Thomson Locations: Texas, Wells, Bengaluru
CME Group to lay off 3% of its workforce, reallocate positions
  + stars: | 2023-07-22 | by ( ) www.reuters.com   time to read: +1 min
July 21 (Reuters) - CME Group (CME.O), the world's largest derivatives exchange, eliminated about 100 positions, or 3% of its workforce, this week while reallocating some positions, a spokesperson said on Friday. "The company plans to reallocate the majority of those positions to new, cloud-focused technology roles," the spokesperson said in an emailed statement, adding that the overall headcount will remain the same. The spokesperson declined to comment on how many people would be reallocated or whether CME will hire additional people to maintain headcount. Chicago-based CME operator is to announce second-quarter results on Wednesday. Reporting by Yana Gaur and Urvi Dugar in Bengaluru; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Terry Duffy, Yana Gaur, Urvi, William Mallard Organizations: CME, Thomson Locations: U.S, Chicago, Bengaluru
India considers banning most rice exports - Bloomberg news
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: 1 min
July 13 (Reuters) - India, the world's biggest rice exporter, is considering banning exports of most rice varieties, Bloomberg News reported on Thursday. The government is discussing a plan to ban exports of all non-Basmati rice, the report said, citing people familiar with the matter. Reporting by Yana Gaur in Bengaluru; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.
Persons: Yana Gaur, Himani Sarkar Organizations: Bloomberg, Thomson Locations: India, Bengaluru
US starts new round of audit inspections on China firms- source
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The logo of China's Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. The PCAOB previously said it would demand complete access in mainland China and Hong Kong in their regular inspections from 2023. The PCAOB, Tencent Music Entertainment Group, Didi Global, and NetEase did not immediately respond to Reuters' requests for comment. Washington's demands for access to the audits of Chinese companies follow a long-running dispute over auditing compliance of U.S.-listed Chinese firms. Reporting by Xie Yu in Hong Kong and Yana Gaur in Bengaluru; Editing by Rashmi Aich and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
Persons: Florence Lo, PCAOB, Didi Global, NetEase, Janet Yellen, Xie Yu, Yana Gaur, Rashmi Aich, Sam Holmes Organizations: Entertainment, REUTERS, U.S, Public Company, Reuters, Wall, Bloomberg, Tencent Music Entertainment, Global Inc, NetEase Inc, Music Entertainment, Authorities, Treasury, Thomson Locations: Hong Kong, U.S, Washington, Beijing, China, United States, Bengaluru
July 2 (Reuters) - UBS Group AG (UBSG.S) is aiming to avoid using a $10 billion backstop for Credit Suisse amid a backlash, the Financial Times reported on Sunday. UBS executives are hoping to announce that the bank will not call on the government backstop when it publishes its second-quarter results on Aug. 31, the report added. UBS and Credit Suisse did not immediately respond to a request for comment. Chief executive Sergio Ermotti has said UBS leadership would do everything possible to prevent Swiss taxpayers from bearing the costs of the takeover. Reporting by Yana Gaur in Bengaluru; Editing by Savio D'Souza and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Sergio Ermotti, Yana Gaur, Savio D'Souza, Nivedita Organizations: UBS Group AG, Credit Suisse, Financial Times, UBS, Thomson Locations: Swiss, Bengaluru
Binance's European banking partner Paysafe to withdraw support
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
June 29 (Reuters) - Binance's European banking partner Paysafe Payment Solutions said on Thursday it will cease offering its embedded wallet solution to the U.S. cryptocurrency exchange across the European Economic Area (EEA) from Sept. 25. "Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few months," Paysafe said in a email to Reuters. Binance will be changing the provider for euro deposits and withdrawals through the Single Euro Payments Area (SEPA), while the current partner — Paysafe — will no longer be providing these services to Binance users, CoinDesk reported on Wednesday. Binance typically accesses SEPA via payment intermediaries. Binance tied up with Paysafe last year to allow its users to deposit sterling via Faster Payments, a network that oversees payments and bank account transfers in Britain.
Persons: Paysafe, — Paysafe, CoinDesk, Binance, Rishabh, Rahat Sandhu, Yana Gaur, Sherry Jacob, Phillips, Jason Neely Organizations: European Economic, Reuters, U.S, Securities and Exchange Commission, Thomson Locations: Britain, Bengaluru
Bitcoin falls 3.7% to $24,987
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: 1 min
June 14 (Reuters) - Bitcoin dropped 3.65% to $24,987 at 2103 GMT on Wednesday, losing $947 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 19.5% from the year's high of $31,035 on April 14. Ether , the coin linked to the Ethereum blockchain network, dropped 5.36% to $1,646.1, losing $93.3 from its previous close. Reporting by Yana Gaur in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Yana Gaur, Krishna Chandra Organizations: Thomson Locations: Bitcoin, Bengaluru
Intel in talks to be anchor investor in Arm IPO - source
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +1 min
June 12 (Reuters) - Intel (INTC.O) is in talks with SoftBank Group Corp's (9984.T) Arm to be an anchor investor in the chip designer's initial public offering (IPO), a source familiar with the matter told Reuters on Monday. Arm plans to sell its shares on Nasdaq later this year, seeking to raise $8-$10 billion, Reuters reported earlier in April. Arm's designs are used to manufacture chips made by most of the world's major semiconductor companies, including Intel, AMD (AMD.O), Nvidia (NVDA.O) and Qualcomm (QCOM.O). The chip designer had filed with regulators confidentially for a U.S. stock market listing in April, setting the stage for this year's largest IPO. Arm and Intel declined a Reuters request for comment.
Persons: Anirban Sen, Yana Gaur, Rashmi Aich, Dhanya Ann Thoppil Organizations: Intel, Reuters, Nasdaq, AMD, Nvidia, Qualcomm, Thomson Locations: U.S, New York, Bengaluru
Bitcoin surges 5.56% to $27,171
  + stars: | 2023-06-06 | by ( ) www.reuters.com   time to read: 1 min
June 6 (Reuters) - Bitcoin rose 5.56% to $27,171 at 19:57 GMT on Tuesday, adding $1,432 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 64.7% from the year's low of $16,496 on January 1. Ether , the coin linked to the Ethereum blockchain network, rose 4.72% to $1,896.1 on Tuesday, adding $85.4 to its previous close. Reporting by Yana Gaur in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Yana Gaur, Krishna Chandra Organizations: Thomson Locations: Bitcoin, Bengaluru
June 5 (Reuters) - UBS Group AG (UBSG.S) is looking to retain more than 100 Credit Suisse Group AG (CSGN.S) investment bankers across Asia as part of a plan to shore up talent in markets where its rival has a stronger presence, a source with direct knowledge of the matter said. Bloomberg said that UBS's retention target of more than 100 bankers did not include China. UBS and Credit Suisse declined to comment on the report. Credit Suisse also declined to say how many investment bankers it currently employs in Asia. Reuters last month reported that hundreds of Credit Suisse employees are resigning each week in a sign of the uncertainty gripping the lender while it is being taken over by its larger rival.
Persons: Sergio Ermotti, Yana Gaur, Jamie Freed, Kirsten Donovan Organizations: UBS Group AG, Credit Suisse Group AG, Suisse's, Reuters, Bloomberg News, Bloomberg, UBS, Credit Suisse, Thomson Locations: Asia, South Korea, Thailand, Vietnam, India, China, Bengaluru
June 4 (Reuters) - Meta Platform's (META.O) Instagram on Sunday lifted its suspension against the account of Robert F. Kennedy Jr., nephew of the late president John F. Kennedy, The Washington Post reported. "As he is now an active candidate for president of the United States, we have restored access to Robert F. Kennedy, Jr.'s Instagram account," Meta spokesperson Andy Stone said in a statement, according to the newspaper. On Thursday, Kennedy in a series of tweets said that Instagram had still not reinstated his account and that "to silence a major political candidate is profoundly undemocratic." loadingIn 2019, Kennedy's relatives, including Kathleen Kennedy Townsend, Joseph P. Kennedy II, and Maeve Kennedy McKean - wrote a Politico op-ed, criticizing his previous statements on vaccines as "misinformation." In September 2021, Alphabet Inc's (GOOGL.O) YouTube also banned channels associated with Robert F. Kennedy Jr. and other prominent anti-vaccine activists Joseph Mercola.
Persons: Instagram, Robert F, Kennedy Jr, John F, Kennedy, Biden, Jr, Andy Stone, Kathleen Kennedy Townsend, Joseph P, Kennedy II, Maeve Kennedy McKean, Joseph Mercola, Meta, Yana Gaur, Aurora Ellis Organizations: Sunday, The Washington Post, Democratic, YouTube, Thomson Locations: COVID, United States, Bengaluru
A new movement to create “menopause-friendly workplaces” is catching on, beginning in Britain, where menopausal women are believed to be the fastest growing work force demographic. More than 50 British organizations, including HSBC UK, Unilever UK, and the soccer club West Ham United, are now are certified as “menopause-friendly” though an accreditation developed by Henpicked: Menopause in the Workplace, a British professional training firm. One recent poll estimated that three in 10 workplaces in Britain now have some kind of menopause policy in place. There is even an awards ceremony, held in London, for the most menopause-friendly companies. New York City Mayor Eric Adams promised earlier this year “to change the stigma around menopause in this city,” and to “create more menopause-friendly workplaces for our city workers through improving policies and our buildings.”
There always seems to be this invisible fence between us, even though I’m an only child, her only daughter. You know how sometimes you remember the wise thing your parents said to you when you were a kid? To me, this meant I’d better have a well-paying career so I wouldn’t end up a housewife like her. In her short film “Semiotics of the Kitchen,” Martha Rosler shifted the traditional language around the kitchen to something violent, frustrating and radical. And because of how I grew up, the kitchen has always been a frustrating space that I refused to enter.
Binance resumes Bitcoin withdrawals after temporary closure
  + stars: | 2023-05-07 | by ( ) www.reuters.com   time to read: 1 min
May 7 (Reuters) - Crypto exchange Binance said that it has resumed Bitcoin withdrawals after a brief closure due to a congestion issue. Binance had paused withdrawal of Bitcoin, the world's largest cryptocurrency, for more than an hour. Binance did not provide any further details on the issue. The world's largest crypto exchange on March suspended deposits and withdrawals on its platform due to technical issues that affected spot trading. Reporting by Yana Gaur in Bengaluru, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
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