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U.S. Trade Representative Katherine Tai addresses the Geneva Graduate Institute on the role of the World Trade Organization (WTO) in the global economy and U.S. policy priorities ahead of the 12th Ministerial Conference in Geneva, Switzerland October 14, 2021. The cancellation also clouds U.S. demands for a WTO intellectual property waiver for COVID-19 vaccines and curbs to fishery subsidies. "My vision for WTO reform is that WTO members come to Geneva or wherever it is that they might convene and bring their honest selves," Tai said. Members should "be prepared to fight for the vision of the WTO that" they want. In the fishery subsidies negotiations, Tai is pushing a U.S. proposal to ban subsidies for fishing fleets that use forced labor, including an explicit recognition that it is a problem.
Persons: Katherine Tai, Denis Balibouse WASHINGTON, Tai, Ngozi, Donald Trump, Trump, Biden, She's, Wendy Cutler, Joe Biden, Jamieson Greer, Greer, Iweala, David Lawder, Emma Farge, Philip Blenkinsop, Andrea Shalal, Paul Simao, Leslie Adler Organizations: Trade, Geneva, Institute, World Trade Organization, Conference, REUTERS, . Trade, WTO, U.S, Asia Society Policy Institute, May, Biden, King & Spalding, European Union, Thomson Locations: Geneva, Switzerland, United States, Washington, U.S, India, South Africa, Britain
WTO postpones major meeting after new variant outbreak
  + stars: | 2021-11-26 | by ( Reuters Staff | ) www.reuters.com   time to read: +2 min
GENEVA (Reuters) - The World Trade Organization (WTO) became the first major diplomatic casualty of the new coronavirus variant on Friday when it postponed its first ministerial meeting in four years due to the deteriorating health situation. FILE PHOTO: A sign of the 12th Ministerial Conference (MC12) is pictured at the World Trade Organization (WTO) headquarters in Geneva, Switzerland, November 25, 2021. REUTERS/Denis BalibouseMinisters from WTO members were due to have gathered next week for a meeting widely seen as a test of the WTO’s relevance. The World Health Organisation has classified the B.1.1.529 variant detected in South Africa as a “variant of concern”, saying it may spread more quickly than other forms of the virus. India, South Africa and other developing countries are calling for a waiver of intellectual property (IP) rights for vaccines and other COVID-19 treatments.
Persons: Denis Balibouse, Joe Biden, Ngozi Okonjo, Iweala, , Santiago Wills, Organizations: World Trade Organization, Ministerial, REUTERS, WTO, World Health, Colombian WTO Locations: GENEVA, Geneva, Switzerland, South Africa, Belgium, Hong Kong, Israel, The Geneva, Brussels, India, Colombian
U.S. Trade Representative Katherine Tai addresses the Geneva Graduate Institute on the role of the World Trade Organization (WTO) in the global economy and U.S. policy priorities ahead of the 12th Ministerial Conference in Geneva, Switzerland October 14, 2021. REUTERS/Denis BalibouseTOKYO, Nov 18 (Reuters) - U.S. Trade Representative Katherine Tai said the United States may set up a new Asian economic framework with allies and "friendly" nations as early as next year, NHK public television reported on Thursday. The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labour, environment and digital trade issues, with an emphasis on "third country concerns", a reference to China's state-driven economic policies. "Early next year, we are considering working with countries in the region to set up an economic framework, a framework with countries that share issues," she was quoted as saying. Reporting by Elaine Lies; Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.
Persons: Katherine Tai, Denis Balibouse TOKYO, Donald Trump, Tai, Elaine Lies, Giles Elgood Organizations: Trade, Geneva, Institute, World Trade Organization, Conference, REUTERS, . Trade, NHK, Former U.S, Pacific, Thomson Locations: Geneva, Switzerland, United States, Japan, Tokyo, Asia
It plans to sell the Nayara stake to Italy's Genera Group Holding S.P.A, people familiar with the matter said, without giving detail on what had prompted Trafigura to sell. It is unclear how much Trafigura's stake in Nayara, formerly known as Essar Oil, is worth. After the transfer, Genera will hold a 24.5% stake in Nayara, through Tendril and Kesani, the letter said. Tendril, which shares its official address with Trafigura in Singapore, could not be reached by Reuters for comment. Genera has meanwhile approached the anti-trust regulator Competition Commission of India (CCI) seeking permission to acquire Trafigura's stake in Nayara, sources said.
Persons: Denis Balibouse, Russia's Rosneft, Trafigura, Alois Virag, Nayara, Tendril's, Rosneft, Virag, Julia Payne, Stephen Jewkes, Elisa Anzolin, Simon Webb, Alexander Smith Organizations: REUTERS, Denis Balibouse NEW, Reuters, Nayara Energy, Tendril Ventures, United Capital Partners, Rosneft's, Trafigura, State Bank of India, Punjab National Bank, HDFC Bank, Axis Bank, Canara Bank, ICICI Bank, Citibank, Barclays, of India, Thomson Locations: Geneva, Switzerland, Denis Balibouse NEW DELHI, SINGAPORE, Italian, India, Singapore, Tendril, Nayara, Gujarat, Cyprus, Rosneft's Singapore, Kesani, Punjab, Canara, London, Milan
REUTERS/Denis BalibouseWASHINGTON, Nov 17 (Reuters) - The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labor, environment and digital trade issues, with an emphasis on "third country concerns," a reference to China's state-driven economic policies. U.S. Trade Representative Katherine Tai, who is in Tokyo to meet with new Japanese government ministers, said initial meetings of the U.S.-Japan Partnership on Trade would take place early in 2022, with periodic meetings on a regular basis. "This partnership will deepen the cooperation between the United States and Japan that has defined our strong bilateral trade relationship," Tai said in a statement issued by her office in Washington. "Based on the strong Japan-U.S. economic relations, we'd like to further deepen the Japan-U.S. alliance, and strengthen Japan-U.S. coordination for the achievement of a free and open Indo-Pacific," he said. The talks follow a U.S. quota deal with the European Union to allow around 4 million tons of EU-produced steel duty-free into the United States annually.
Persons: Katherine Tai, Denis Balibouse WASHINGTON, Tai, Harris, Yoshimasa Hayashi, Donald Trump, USTR, Biden, David Lawder, Kiyoshi Takenaka, Daniel Leussink, Simon Cameron, Moore Organizations: Trade, Geneva, Institute, World Trade Organization, Conference, REUTERS, . Trade, U.S ., Japan, Biden, European Union, Washington, Pacific, Japan's Ministry of Foreign Affairs, Ministry of Economy, Industry, Thomson Locations: Geneva, Switzerland, United States, Japan, Tokyo, U.S, Washington, China, TOKYO
REUTERS/Denis Balibouse/File PhotoTOKYO, Nov 11 (Reuters) - Large parts of the world are not ready for zero-emission vehicles, which is why Toyota Motor Corp (7203.T) did not sign a pledge this week to phase out fossil-fuel cars by 2040, the world's largest automaker said o Thursday. According to a study published by the Munich Mobility Show in April, there are huge global disparities in electric vehicle ownership. And registrations in Africa, home to 1.2 billion people, were exclusively in South Africa and totaled just 1,509 cars through 2020. Volkswagen also said the tempo of electric vehicle adoption would "vary from region to region" and Chief Executive Herbert Diess dismissed the zero-emission pledge at a conference on Wednesday. read more"It could still make sense to use synthetic fuel cars in Latin America in 2035," Diess said.
Persons: Denis Balibouse, Daimler AG's, Herbert Diess, Diess, Nick Carey, Mark Potter Organizations: Toyota, 89th Geneva, REUTERS, Toyota Motor Corp, General Motors, Ford, Volvo, Daimler, Benz, Volkswagen AG, Reuters, Munich, European Union, Volkswagen, Thomson Locations: Geneva, Switzerland, Glasgow, India, United States, China, Germany, Asia, Africa, Middle East, South America, South Africa, America
Smuggled Romanov royal jewels net nearly $900,000 -Sotheby's
  + stars: | 2021-11-10 | by ( ) www.reuters.com   time to read: +2 min
A staff member holds a historically valuable sapphire and diamond brooch and a pair of ear clips during a preview at Sotheby's, before their auction sale in Geneva, Switzerland, November 2, 2021. REUTERS/Denis BalibouseGENEVA, Nov 10 (Reuters) - A sapphire and diamond brooch and matching earrings, which were part of the royal jewels from Russia's Romanov family smuggled out of the country during the 1917 revolution, sold for 806,500 Swiss francs ($883,641.94) on Wednesday, Sotheby's said. The price netted for the historic set at the Geneva auction was nearly twice the high-end of the pre-sale estimate, it said. The large oval brooch and earclips had belonged to Grand Duchess Maria Pavlovna, wife of Grand Duke Vladimir. "Jewels with a more storied provenance rarely come to auction, and the appearance of these stunning sapphire and diamond pieces sparked interest from collectors worldwide," Sotheby's said in a statement.
Persons: Denis Balibouse GENEVA, Russia's Romanov, Sotheby's, Hanae Rebelo, earclips, Grand Duchess Maria Pavlovna, Grand Duke Vladimir, Russian Emperor Nicholas II, Pavlovna's, Albert Henry Stopford, Stopford, Vladimir, Maria Pavlovna's, Boris, Pavlovna, Princess Elena of, Stephanie Nebehay, Alex Richardson Organizations: REUTERS, London, Thomson Locations: Geneva, Switzerland, Russian, British, London, Caucasus, Russia, Paris, Princess Elena of Greece, Denmark
Factbox: Some of the biggest splits in Corporate America
  + stars: | 2021-11-09 | by ( ) www.reuters.com   time to read: 1 min
A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis BalibouseNov 9 (Reuters) - General Electric Co (GE.N) said on Tuesday it would split into three public companies focusing on energy, healthcare and aviation as the industrial conglomerate seeks to simplify its business, pare debt and enhance its battered share price. read moreThe move comes in the wake of some major U.S. corporate split-ups in the past, as listed below. Reporting by Chavi Mehta and Tiyashi Datta in Bengaluru and Karen Pierog in Chicago Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, Chavi Mehta, Tiyashi Datta, Karen Pierog, Matthew Lewis Organizations: REUTERS, General Electric Co, Thomson Locations: Dupont, Geneva, Switzerland, Bengaluru, Chicago
Marie Antoinette diamond bracelets soar to $8 mln - Christie's
  + stars: | 2021-11-09 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Denis Balibouse/File PhotoGENEVA, Nov 9 (Reuters) - A pair of diamond bracelets that belonged to France's Queen Marie Antoinette sold at auction on Tuesday for 7.46 million Swiss francs ($8.18 million), several times the pre-sale estimate, Christie's said. The hammer price was 6.2 million Swiss francs, but with commission the final price was 7.46 million Swiss francs, Christie's spokesperson Alexandra Kindermann said. A blue velvet box bearing a label "bracelets of Queen Marie Antoinette" holds the double bracelets, each composed of three strings of diamonds and a large barrette clasp, for a total of 112 diamonds. Marie Antoinette, who sent a letter from prison in the Tuileries in Paris saying that a wooden chest with jewels would be sent for safekeeping, was guillotined in 1793. The pre-sale estimate for the Duchess of Windsor ring was 1 million to 2 million Swiss francs, the auction house said.
Persons: Queen Marie, Antoinette of France, Denis Balibouse, Queen Marie Antoinette, Christie's, Rahul Kadakia, Alexandra Kindermann, Marie Antoinette, Marie Therese, Madame Royale, Duke, Windsor, Wallis Simpson, Duchess, Stephanie Nebehay, Angus MacSwan Organizations: REUTERS, Geneva, Thomson Locations: Geneva, Switzerland, GENEVA, Tuileries, Paris, Austria, Cartier
A logo is pictured outside the World Trade Organisation (WTO) in Geneva, Switzerland, September 28, 2021. Taiwan, whose relations with China are at their lowest in decades, had previously threatened to raise the matter at the global trade watchdog. Taiwan has effective controls over its exports and it was unnecessary to halt clearance of the fruit, it said, adding: "China should immediately lift relevant imports controls." China claims self-ruled Taiwan as its "sacred territory" and has not ruled out the use force to ensure eventual unification. Taiwan, formally known as the "Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu" at the World Trade Organization, is blocked from participating in many international bodies because of Chinese objections.
Persons: Denis Balibouse GENEVA, Emma Farge, Yi, Mou Lee, Christian Schmollinger, Nick Macfie Organizations: World Trade Organisation, REUTERS, World Trade Organization, Agriculture, WTO, China, China's Ministry of Commerce, Thomson Locations: Geneva, Switzerland, Taiwan, China, Taiwan’s, Beijing, Territory, Taipei
A logo is pictured outside the World Trade Organisation (WTO) in Geneva, Switzerland, September 28, 2021. REUTERS/Denis BalibouseGENEVA, Nov 4 (Reuters) - Taiwan raised a trade complaint against China at a World Trade Organization meeting late on Wednesday over Beijing's moves to block sugar apple and wax apple imports from the island, two sources familiar with the matter said. Taiwan, whose relations with China are at their lowest in decades, had previously threatened to raise the matter at the global trade watchdog. read moreIt is their first time to raise a complaint on their own since they both joined the WTO 20 years ago, said one of the sources. Taiwan, formally known as the "Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu" at the World Trade Organization, is blocked from participating in many international bodies because of Chinese objections.
Persons: Denis Balibouse GENEVA, Emma Farge, Christian Schmollinger Organizations: World Trade Organisation, REUTERS, World Trade Organization, WTO, China, China's Ministry of Commerce, Thomson Locations: Geneva, Switzerland, Taiwan, China, Taipei, Beijing, Territory
USTR Tai says digital trade policy must protect consumer rights
  + stars: | 2021-11-03 | by ( ) www.reuters.com   time to read: +1 min
U.S. Trade Representative Katherine Tai addresses the Geneva Graduate Institute on the role of the World Trade Organization (WTO) in the global economy and U.S. policy priorities ahead of the 12th Ministerial Conference in Geneva, Switzerland October 14, 2021. REUTERS/Denis Balibouse/File PhotoWASHINGTON, Nov 3 (Reuters) - U.S. Trade Representative Katherine Tai said on Wednesday that protecting consumers' rights and privacy must be a top priority in digital trade policy, and that technology companies have responsibilities in shaping the economy. "That power requires responsibility and accountability. And these stakeholders have responsibilities in shaping the digital economy," she said. Reporting by David LawderOur Standards: The Thomson Reuters Trust Principles.
Persons: Katherine Tai, Denis Balibouse, Tai, David Lawder Organizations: Trade, Geneva, Institute, World Trade Organization, Conference, REUTERS, WASHINGTON, . Trade, Georgetown University, Information Technology Industries, Thomson Locations: Geneva, Switzerland
A blue velvet box bearing a label "bracelets of Queen Marie Antoinette" holds the double bracelets, each composed of three strings of diamonds and a large barrette clasp, for a total of 112 diamonds. We have seen the results before of things sold by Marie Antoinette, that there really is no limit to how high these can go and I'm expecting fireworks on Tuesday." Marie Antoinette, who sent a letter from prison in the Tuileries in Paris saying that a wooden chest with jewels would be sent for safekeeping, was guillotined in 1793. The pre-sale estimate is 1 million to 2 million Swiss francs ($1.10 million to $2.19 million), it said. Rival Sotheby's will offer Russian royal jewels smuggled out of the country during the 1917 revolution, alongside rare coloured diamonds, on Nov. 10 in Geneva.
Persons: Queen Marie, Antoinette of France, Denis Balibouse GENEVA, Marie Antoinette, Duchess, Windsor, Christie's, Queen Marie Antoinette, Max Fawcett, Marie Therese, Madame Royale, Duke, Sotheby's, Cecile Mantovani, Stephanie Nebehay, Mark Heinrich Our Organizations: REUTERS, Reuters, Thomson Locations: Geneva, Switzerland, France, Tuileries, Paris, Austria, Cartier, Lake Geneva
SHANGHAI (Reuters) - Yahoo said it had stopped allowing its services to be accessible from mainland China “in recognition of the increasingly challenging business and legal environment”, the second Western tech brand to quit the country in recent weeks. REUTERS/Denis BalibouseThe company stopped providing content for users in mainland China as of Nov. 1, according to a statement published on its website, which directed users of Yahoo and AOL mail to other links. “In recognition of the increasingly challenging business and legal environment in China, Yahoo’s suite of services will no longer be accessible from mainland China as of November 1,” a Yahoo spokesperson told Reuters in an email on Tuesday. Linkedin cited a “more challenging operating environment and greater compliance requirements in China”. The deal also saw Alibaba obtain the right to operate Yahoo China under the Yahoo brand for up to four years.
Persons: Denis Balibouse, Organizations: Yahoo, REUTERS, AOL, Local, Reuters, Microsoft Corp, Linkedin, Alibaba Group, Verizon Communications, Apollo Global Locations: SHANGHAI, China, Rolle, Switzerland, U.S, Yahoo China, Beijing
FILE PHOTO: A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo(Reuters) - Industrial materials maker DuPont de Nemours Inc said on Tuesday it would buy engineering materials technology maker Rogers Corp for about $5.2 billion.
Persons: Denis Balibouse Organizations: REUTERS, DuPont de Nemours Inc, Rogers Corp Locations: Dupont, Geneva, Switzerland
FILE PHOTO: A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo(Reuters) - DuPont de Nemours Inc has agreed to buy engineering materials maker Rogers Corp for $5.2 billion, doubling down on efforts to fortify its presence in fast-growing markets such as electric vehicles, 5G and clean energy. The Rogers deal, which DuPont had been evaluating for about three years, will build on a $2.3 billion buyout of Laird Performance Materials in July and help bolster the company’s advanced electronic materials portfolio. DuPont also beat third-quarter revenue and profit estimates, as strong demand and pricing gains helped offset higher raw material costs. The company posted sales of $4.3 billion and profit of $1.15 per share, compared with estimates for sales of $4.1 billion and profit of $1.12 per share, according to Refinitiv IBES data.
Persons: Denis Balibouse, Rogers, Ed Breen, Breen Organizations: REUTERS, DuPont de Nemours Inc, Rogers Corp, DuPont Teijin Films, DuPont, Laird, Reuters Locations: Dupont, Geneva, Switzerland
SEOUL (Reuters) - From printing coupons as replacement cash to breeding ornamental black swans to eat, North Korea is being forced to innovate to handle economic woes and food shortages as anti-pandemic border lockdowns drag on, reports suggest. FILE PHOTO: A North Korean flag flies on a mast at the Permanent Mission of North Korea in Geneva October 2, 2014. North Korea has not officially reported a single coronavirus case. U.N. agencies said North Korea has recently begun to allow in shipments of aid, and numbers released by China show a slow increase in trade. ‘DELICIOUS MEAT’According to various media citing unidentified sources in North Korea, the central bank has been printing money coupons worth about $1 due to a shortage of North Korean won bills.
Persons: Denis Balibouse, Kim Jong Un, Rodong Sinmun, , Colin Zwirko Organizations: REUTERS, North, North Korean, NK News, Reuters, Research Locations: SEOUL, North Korea, Korean, Geneva, China, South, Russia, Korea, Japan, North Korean, Seoul
FILE PHOTO: U.S. Trade Representative Katherine Tai addresses the Geneva Graduate Institute on the role of the World Trade Organization (WTO) in the global economy and U.S. policy priorities ahead of the 12th Ministerial Conference in Geneva, Switzerland October 14, 2021. REUTERS/Denis BalibouseWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said on Thursday that her engagement with China was aimed at reducing the temperature of a trading relationship that has become dangerously heated. Tai, speaking to the National Chicken Council, said that U.S.-China relationship has gotten to the point where “it feels kind of like a pile of dry tinder” and a misunderstanding “is likely to spark basically just a giant fire with really, really drastic implications for all of us.”
Persons: Katherine Tai, Denis Balibouse WASHINGTON, Organizations: . Trade, Geneva, Institute, World Trade Organization, Conference, REUTERS, National Chicken Council Locations: Geneva, Switzerland, China
FILE PHOTO: U.S. Trade Representative Katherine Tai addresses the Geneva Graduate Institute on the role of the World Trade Organization (WTO) in the global economy and U.S. policy priorities ahead of the 12th Ministerial Conference in Geneva, Switzerland October 14, 2021. REUTERS/Denis BalibouseWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said on Thursday that her engagement with China is aimed at reducing the temperature of a trading relationship between the world’s two largest economies that has become dangerously heated. U.S. officials viewed the call as a test of bilateral engagement with Beijing, while Chinese officials pressed Tai to eliminate tariffs on Chinese goods. “China has a huge market, a huge population - and they all need to be fed. That is something that we can supply,” Tai added.
Persons: Katherine Tai, Denis Balibouse WASHINGTON, Liu, Donald Trump ., Tai Organizations: . Trade, Geneva, Institute, World Trade Organization, Conference, REUTERS, National Chicken Council, U.S ., Donald Trump . U.S, U.S . Department of Agriculture Locations: Geneva, Switzerland, China, U.S, United, Beijing, Tai
REUTERS/Denis BalibouseWoodMac sees global demand for hydrogen reaching 530 million tonnes a year by 2050 from less than 1 million tonnes currently, in an accelerated energy transition scenario limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels. WoodMac forecasts green hydrogen, currently around three times the price of blue hydrogen, will be competitive with blue by 2030. Saudi Arabia and Australia are well positioned to grab big market shares in both blue and green hydrogen, Sharma said. The Middle East accounts for the biggest share of green hydrogen projects announced worldwide at 34%, ahead of Australia with 23%, WoodMac said. That does not include Australian iron ore miner Fortescue Metals Group’s ambition to produce 15 million tonnes a year of green hydrogen by 2030, which Sharma said would be a “Herculean task”.
Persons: Wood Mackenzie, Denis Balibouse WoodMac, ” Prakash Sharma, WoodMac, Sharma, ” Sharma, Fortescue Organizations: MELBOURNE, Hyundai, Luzern, Swiss Museum of Transport, REUTERS, Organization of, Petroleum, Locations: Luzern, Switzerland, Asia, Saudi Arabia, Australia, Russia
REUTERS/Denis Balibouse/File PhotoOct 22 (Reuters) - Roche Holding AG (ROG.S) on Friday won approval from the U.S. health regulator for its eye implant to treat a chronic disorder causing blurred vision, giving patients an alternative to receiving monthly eye injections with existing treatments. The surgically implantable device Susvimo is intended to treat wet age-related macular degeneration (wet AMD), a disorder caused by the leak of fluid or blood from abnormal blood vessels into an area near the retina called the macula. Anti-VEGF therapies, the current standard of care for wet AMD, work against a protein said to play a key role in the disease. They require patients to receive eye injections as often as monthly to preserve vision. Susvimo's approval comes with a warning that the implant was associated with a three-fold higher rate of eye infection endophthalmitis than monthly injections of Lucentis.
Persons: Swiss drugmaker Roche, Denis Balibouse, Roche, Susvimo, Levi Garraway, Garraway, Michael Leuchten, Amruta Khandekar, Aditya Soni, Maju Samuel Organizations: University Hospital, REUTERS, Roche Holding, Reuters, UBS, AMD, Thomson Locations: Swiss, Lausanne, Switzerland, U.S
REUTERS/Denis Balibouse/File PhotoTOKYO, Oct 22 (Reuters) - SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany's United Robotics Group, according to sources and documents reviewed by Reuters, scaling back a business it once touted as a major growth driver. United Robotics Group, which is backed by German industrial robot maker Hahn, became the European master distributor for SoftBank's (9984.T) struggling Pepper and Nao robots in October. SoftBank has said it remains committed to the Pepper business. Reuters reported in June that SoftBank had stopped production of Pepper and slashed jobs at its robotics business globally. Recently departed SoftBank staff in areas such as sales have been hired by the company, according to the sources.
Persons: Pepper, Denis Balibouse, Hahn, Nao, SoftBank, Sawyer, Sam Nussey, David Dolan, Gerry Doyle Organizations: REUTERS, SoftBank, United Robotics Group, Reuters, United Robotics, Robotics, Thomson Locations: Geneva, Switzerland, Paris, European, France, Germany, Austria, Britain, Japan
A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis BalibouseOct 22 (Reuters) - Honeywell International Inc (HON.O) on Friday cut its full-year sales forecast, as the U.S. industrial conglomerate anticipates pressure from global supply chain disruptions. It cut its full-year sales estimates to between $34.2 billion and $34.6 billion, compared with prior forecast of $34.6 billion to $35.2 billion. It also narrowed full-year profit forecast range to $8.00 to $8.10, from the prior forecast of $7.95 to $8.10. Honeywell's quarterly net sales rose to $8.47 billion from about $7.80 billion a year earlier.
Persons: Denis Balibouse, Kannaki Deka, Shinjini Organizations: Honeywell, European Business Aviation Convention, REUTERS, Honeywell International Inc, Thomson Locations: Geneva, Switzerland, Bengaluru
REUTERS/Denis Balibouse/File PhotoTOKYO, Oct 22 (Reuters) - SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany's United Robotics Group, according to sources and documents reviewed by Reuters, scaling back a business it once touted as a major growth driver. It is not clear whether SoftBank will retain a stake in the business, nor how much the deal would be worth. SoftBank has said it remains committed to the Pepper business. Reuters reported in June that SoftBank had stopped production of Pepper and slashed jobs at its robotics business globally. Recently departed SoftBank staff in areas such as sales have been hired by the company, according to the sources.
Persons: Pepper, Denis Balibouse, Hahn, Nao, SoftBank, Sawyer, Sam Nussey, David Dolan, Gerry Doyle Organizations: REUTERS, SoftBank, United Robotics Group, Reuters, United Robotics, Robotics, Thomson Locations: Geneva, Switzerland, Paris, European, France, Germany, Austria, Britain, Japan
Some 83 aid workers, a quarter of them employed by the WHO, were involved in sexual exploitation and abuse during the country's massive Ebola epidemic from 2018-2020, an independent commission said last month. There will be no opportunity for sexual exploitation to occur, no impunity if it does and "no tolerance for inaction," he said in a statement on the WHO's management response plan. He is believed to be seeking a second five-year term in WHO's election next May, but declined to comment on Thursday. As first reported by Reuters last week, the WHO said that it was deploying experts to 10 high-risk countries, including Afghanistan and Ethiopia, to prevent sexual exploitation. In the past week nearly 40 employees of WHO and U.N. partner agencies have been trained in prevention, it said.
Persons: Denis Balibouse, Tedros, Tedros Adhanom Ghebreyesus, Tarik Jasarevic, Stephanie Nebehay, Mark Heinrich Our Organizations: World Health Organization, WHO, REUTERS, Democratic, European Union, Reuters, UN OIOS, Independent, Thomson Locations: Geneva, Switzerland, GENEVA, Democratic Republic of Congo, United States, Congo, Afghanistan, Ethiopia
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