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☆ US Plans to Send Weapons to Israel Even as Biden Pushes for Ceasefire, WSJ Reports
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - The Biden administration is preparing to send bombs and other weapons to Israel that would add to its military arsenal even as the U.S. pushes for a ceasefire in Gaza, the Wall Street Journal reported on Friday, citing current and former U.S. officials. War in Israel and Gaza View All 209 ImagesThe U.S. State Department and Defense Department, Israel Defense Forces and Israel Defense Ministry did not immediately respond to a Reuters request for comment on the report. As of December 2023, the Biden administration had skipped congressional review of weapons sale to Israel twice. The Biden administration has faced criticism for continuing to supply arms to Israel as allegations pile up that American-made weapons have been used in strikes that have killed or injured civilians. Israel's air and ground offensive has since devastated much of Gaza, killing 28,775 people, also mostly civilians according to Palestinian health authorities, and forcing nearly all of its more than 2 million inhabitants from their homes.

Persons: Biden, Gursimran Kaur, Kanjyik Ghosh, Edwina Gibbs Organizations: Reuters, Wall Street, Attack Munitions, U.S, . State Department and Defense Department, Israel Defense Forces, Israel Defense Ministry Locations: Israel, U.S, Gaza, Iran, Bengaluru

☆ Nine Injured in London Incident Involving 'Corrosive Substance', Police Say
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) -Nine people, including two children, were injured on Wednesday in an incident involving a "corrosive substance" in Clapham, in south London, the Metropolitan Police said. Three police officers were also taken to hospital with minor injuries, the statement said. "Firefighters were called to a chemical incident on Lessar Avenue in Clapham this evening," the London Fire Brigade said in an emailed statement to Reuters. Crews used specialist equipment to detect a corrosive substance that is believed to have been used in the incident, it added, without giving any further details. (Reporting by Gnaneshwar Rajan and Kanjyik Ghosh in Bengaluru; Editing by Daniel Wallis and Sandra Maler)

Persons: Crews, Gnaneshwar Rajan, Kanjyik Ghosh, Daniel Wallis, Sandra Maler Organizations: Reuters, Metropolitan Police, Firefighters, London Fire Brigade Locations: Clapham, London, Bengaluru

NASA and Indian Space Research Organization logos are seen in this illustration taken May 1, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBENGALURU, Nov 28 (Reuters) - NASA will train an Indian astronaut for a voyage to the International Space Station as early as next year, NASA Administrator Bill Nelson said on Wednesday, amid deepening space ties between India and the United States. "There is an opportunity to share science," Nelson said, speaking at an event in Bengaluru, where he is due to inspect the NISAR satellite on Thursday. NASA-ISRO SAR (NISAR) is a low-Earth orbit observatory system jointly developed by NASA and ISRO (Indian Space Research Organisation). "This is the golden age of space exploration," Nelson said at Wednesday's event.

Persons: Dado Ruvic, Bill Nelson, Nelson, NASA's, Russia's Luna, Nivedita, Kanjyik Ghosh, Alexandra Hudson Organizations: NASA, Indian Space Research, REUTERS, Rights, International Space Station, ISRO, Space Research, NASA's Artemis, Alexandra Hudson Our, Thomson Locations: India, United States, Bengaluru, NISAR, Russia, Ukraine, China, Mumbai

☆ U.S. to launch joint remote sensing satellite with India early next year
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

NASA and Indian Space Research Organization logos are seen in this illustration taken May 1, 2023. REUTERS/Dado Ruvic/Illustration/ File photo Acquire Licensing RightsNov 28 (Reuters) - The Indian Space Research Organization (ISRO) and the NASA plan to launch a joint remote sensing satellite for Earth observation in the first quarter of next year, deputy minister for science and technology Jitendra Singh said in a statement on Tuesday. Singh met a NASA delegation led by its administrator Bill Nelson in New Delhi, the statement said. Reporting by Kanjyik Ghosh; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Jitendra Singh, Singh, Bill Nelson, Kanjyik Ghosh, Andrew Heavens Organizations: NASA, Indian Space Research, REUTERS, Indian Space Research Organization, ISRO, Thomson Locations: New Delhi

☆ India drawing up laws to regulate deepfakes - minister
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

India's Minister for Information Technology Ashwini Vaishnaw addresses the audience during the 'SemiconIndia 2023', India’s annual semiconductor conference, in Gandhinagar, India, July 28, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing RightsNov 23 (Reuters) - India is drawing up rules for governing deepfakes, a top minister said on Thursday, a day after Prime Minister Narendra Modi raised concerns over the technology. "We plan to complete drafting the regulations within the next few weeks," information technology minister Ashwini Vaishnaw told reporters after a meeting with academics, industry groups and social media companies. Deepfakes are realistic yet fabricated videos created by artificial intelligence (AI) algorithms trained on online footage. The move comes as countries across the world race to draw up rules to regulate AI.

Persons: Amit Dave, Narendra Modi, Ashwini Vaishnaw, Modi, Vaishnaw, Joe Biden, Kanjyik Ghosh, Jan Harvey Organizations: Information Technology, REUTERS, deepfakes, U.S, The United Nations, Thomson Locations: Gandhinagar, India

☆ Eutelsat OneWeb gets Indian go-ahead for satellite broadband services
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 21 (Reuters) - Eutelsat (ETL.PA) subsidiary Eutelsat OneWeb said on Tuesday it had won approval from India's space regulator to launch commercial satellite broadband services in the country. Prime Minister Modi's government, which is heading for elections next year, is pushing the development of India's space industry. Investors poured $119 million into Indian space startups in 2022, up from a total of just $38 million in all the years up to 2017. In March, OneWeb partnered with Indian Space Research Organization (ISRO) to launch 36 satellites. Amazon's Project Kuiper (AMZN.O) has also been in talks with regulators to offer satellite broadband services in India, the Economic Times newspaper reported last month.

Persons: Eutelsat OneWeb, Modi's, Sunil Bharti Mittal, Eutelsat, Mittal's, Mittal, OneWeb, Elon Musk's Starlink, Nivedita, Kanjyik Ghosh, Alexander Smith Organizations: Mittal's Bharti Enterprises, Airtel, Indian Space Research Organization, ISRO, Reuters, Ambani's, Economic Times, Thomson Locations: BENGALURU, India, Bengaluru

☆ Indian capital resumes some activities despite hazardous air, river foam
▼ + stars: | 2023-11-20 | by ( Kanjyik Ghosh | ) www.reuters.com time to read: +3 min

REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Nov 20 (Reuters) - India's capital Delhi re-opened schools and some building sites on Monday amid signs of receding air pollution, although it remained classified as hazardous, while a toxic foam besmirched stretches of the Yamuna river flowing through the city. The world's most polluted capital resumed its annual battle on pollution this month, despite government pledges to improve. Monday's air quality index (AQI) of 336 was down from Thursday's level of 509, but still "hazardous", Swiss group IQAir said. Delhi's air pollution gets worse in winter, when wind speeds drop and cooling air traps pollutants spewed by vehicles, industry and farmers burning agricultural waste in surrounding states to prepare for new planting. PM2.5 levels remained above 128 micrograms per cubic meter of air since Sunday in the National Capital Region, according to the federal pollution control board.

Persons: Anushree, IQAir, Ankit Srivastava, Gopal Rai, Kanjyik Ghosh, Shivam Patel, Clarence Fernandez, Raju Gopalakrishnan Organizations: REUTERS, Delhi's, Vehicles, National Capital, World Health Organization, Thomson Locations: New Delhi, India, DELHI, Delhi, Mumbai

☆ Israel-Gaza Conflict Challenge to US-Backed Economic Corridor - India Minister
▼ + stars: | 2023-11-15 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The Israel-Gaza conflict is a "worrying manifestation" of geopolitical challenges for the U.S.-backed multinational economic corridor, India's finance minister Nirmala Sitharaman said on Wednesday. In September, global leaders announced a rail and ports deal linking the Middle East and South Asia, as the U.S. seeks to counter China's Belt and Road push on global infrastructure with a new economic corridor. The proposed corridor will pass through Israel, which has been engaged in a fierce conflict with Hamas in the Gaza strip, in retaliation for the militants' cross-border assault into Israel on Oct. 7. "It (the corridor) is not without its geopolitical challenges and the ongoing conflict in Israel and Gaza is a worrying manifestation of these," Sitharaman said during a conference. (Reporting by Shivangi Acharya; Writing by Kanjyik Ghosh; Editing by Muralikumar Anantharaman and Christian Schmollinger)

Persons: Nirmala Sitharaman, Sitharaman, Shivangi Acharya, Kanjyik Ghosh, Muralikumar Anantharaman, Schmollinger Organizations: Reuters, U.S Locations: Israel, Gaza, East, South Asia, U.S

☆ Rescuers Hopeful of Reaching Trapped Labourers in Collapsed Indian Tunnel
▼ + stars: | 2023-11-13 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

By Saurabh SharmaLUCKNOW, India (Reuters) - Rescuers were able to make contact on Monday with 40 labourers trapped in a collapsed tunnel in the Himalayan state of Uttarakhand and were hopeful they would be rescued soon, an official said. The tunnel, which was being constructed on a national highway that is part of a Hindu pilgrimage route, collapsed early Sunday morning. "Food and water was supplied to the labourers and we are hopeful that the rescue operation will be completed soon. Uttarakhand in north India is vulnerable to landslides, earthquake and floods. It aims to connect four important Hindu pilgrimage sites of North India through 889 kilometres (552 miles) of two-lane road being constructed at a cost of $1.5 billion.

Persons: Saurabh Sharma, Arpan Yaduvanshi, Char, Narendra Modi's, Kanjyik Ghosh, Shri Navaratnam Organizations: Rescuers, Reuters Locations: Saurabh Sharma LUCKNOW, India, Uttarakhand, North India

☆ Stellantis to buy about 20% stake in China's Zhejiang Leapmotor for $1.6 bln
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsOct 26 (Reuters) - Stellantis NV (STLAM.MI) said on Thursday it would invest 1.5 billion euros ($1.58 billion) to acquire approximately 20% of Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology (9863.HK). After the subscription, Stellantis will own about 21.07% of Zhejiang Leapmotor's total issued Hong Kong shares. Stellantis, whose brands include Fiat and Peugeot, has a very small presence in China, the world's largest auto market. The group last year closed its joint venture that makes Jeeps in China with local partner Guangzhou Automobile Group (601238.SS) amid disappointing results.

Persons: Pascal, Leapmotor, Stellantis, Carlos Tavares, Sameer Manekar, Kanjyik Ghosh, Devika Syamnath, Subhranshu Organizations: REUTERS, Stellantis, Zhejiang Leapmotor Technology, HK, Hong, Hong Kong, Chrysler, Fiat, Peugeot, Renault, Guangzhou Automobile Group, Thomson Locations: Hordain, France, Zhejiang, Hong Kong, Greater China, China, Europe, Bengaluru

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 23 (Reuters) - Bitcoin, the world's largest cryptocurrency, hit a three-month high on Monday, rising 4.73% to $31,420 amid investor enthusiasm about the possibility of a spot bitcoin exchange-traded fund. The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global (COIN.O) and Marathon Digital Holdings (MARA.O) up 6.5% and 11.9% respectively. Bitcoin is up more than 18% from the year's low of $26,533 on Oct. 11. Bitcoin briefly soared on Oct. 16 following an erroneous news report about asset manager BlackRock's high-profile application for a spot bitcoin ETF, which would track the underlying price of the token.

Persons: Benoit Tessier, bitcoin, Bitcoin, Zach Pandl, Treasuries, BlackRock's, Matteo Greco, Fineqia, Hannah Lang, Kanjyik Ghosh, Krishna Chandra Eluri, Jonathan Oatis Organizations: La Maison du, REUTERS, Marathon Digital Holdings, Hamas, U.S . Securities, Exchange Commission, BTC, Thomson Locations: La, Paris, France, cryptocurrency, Washington, Bengaluru

☆ Canada's Trudeau Speaks to Israel's Herzog About Hamas' Attacks
▼ + stars: | 2023-10-22 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Canadian Prime Minister Justin Trudeau said on Sunday that he had spoken to Israeli President Isaac Herzog about Palestinian Islamist group Hamas' attacks. "We spoke about the hostages held by Hamas, and the need for their immediate release," Trudeau said in a post on social media platform X, formerly known as Twitter. Trudeau also reaffirmed Canada supports Israel's right to defend itself in accordance with international law, the post said. (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Lisa Shumaker)

Persons: Justin Trudeau, Isaac Herzog, Trudeau, Kanjyik Ghosh, Lisa Shumaker Organizations: Reuters, Canadian, Palestinian, Hamas, Twitter, Canada Locations: Bengaluru

The announcement sent shares of Daiichi Sankyo (4568.T) up 12% in early trading in Tokyo on Friday, raising expectations for its cancer drug pipeline. The companies will jointly and potentially commercialise the drug candidates worldwide, except in Japan where Daiichi Sankyo will maintain exclusive rights, they said. Merck will pay Daiichi Sankyo $4 billion upfront in addition to $1.5 billion in continuation payments over the next two years. Merck may make additional payments of up to $16.5 billion contingent on future sales milestones, or $5.5 billion for each product. Daiichi Sankyo has six ADC candidates in its pipeline, including two being jointly developed with AstraZeneca (AZN.L).

Persons: Andrew Kelly, Drugmaker Merck, patritumab, ifinatamab, raludotatug, Merck, David Dolan, Kanjyik Ghosh, Miyoung Kim, Jamie Freed Organizations: Merck & Co, REUTERS, Merck, AstraZeneca, Thomson Locations: Kenilworth , New Jersey, U.S, TOKYO, Daiichi, Tokyo, Japan, Bengaluru

☆ Dabur India units face lawsuits in US, Canada alleging products caused cancer
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

Companies Dabur India Ltd FollowOct 19 (Reuters) - Dabur India (DABU.NS) said on Wednesday its subsidiaries were among companies sued in the U.S. and Canada by customers alleging that the use of hair relaxer products had caused ovarian cancer, uterine cancer and other health issues. They were last down 1.7% at 525 rupees as of 12:06 p.m. IST, extending their year-to-date decline to 6.5%. The units have denied liability and have retained counsel to defend them, the company said. The company did not immediately respond to a request for additional details outside of normal business hours. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Kanjyik Ghosh, Sriraj Organizations: Dabur, Namaste Laboratories, Thomson Locations: India, U.S, Canada, Illinois, Bengaluru

☆ SAP posts 16% jump in Q3 cloud business revenue
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsOct 18 (Reuters) - Business software maker SAP's (SAPG.DE) cloud business revenue rose by 16% in the third quarter on the back of its application services and HANA software, the company said on Wednesday. For the full year, the company reaffirmed its cloud revenue outlook in the range of 14 billion-14.2 billion euros. "Our Q3 results demonstrate strong execution and the resilience of our business, including sustained cloud growth in spite of persisting macro headwinds," finance chief Dominik Asam said. U.S.-listed shares of the German software maker were up 2.9% after the bell.

Persons: Andrew Kelly, Dominik Asam, Kanjyik Ghosh, Shailesh Organizations: SAP, REUTERS, Thomson Locations: Reston , Virginia, U.S, Bengaluru

☆ Bank of England approached UK lenders to gauge interest in troubled Metro Bank, Financial Times reports
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsOct 8 (Reuters) - The Bank of England's Prudential Regulation Authority approached a number of big UK lenders this week to see if they had any interest in taking over British lender Metro Bank (MTRO.L), the Financial Times reported on Sunday. JPMorgan and Metro Bank did not immediately respond to Reuters' requests for comment. Metro Bank has recently rejected a series of takeover approaches from specialist business lender Shawbrook and on Saturday held talks with bondholders about an equity injection alongside a debt restructuring, media reports said. Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales.

Persons: Hannah McKay, Kanjyik Ghosh, Hugh Lawson Organizations: Metro Bank, REUTERS, Bank of England's Prudential, Authority, Financial Times, Sunday, JPMorgan, HSBC, Metro, The Bank of England, Saturday, Reuters, Metro Bank's, Thomson Locations: London, Britain, Bengaluru

☆ IT services provider Kyndryl plans to separate its China business - FT
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: 1 min

Sept 27 (Reuters) - U.S.-based IT services provider Kyndryl Holdings (KD.N) is planning to split off its China business and has told some employees about the decision, the Financial Times reported on Wednesday, citing three people with knowledge of the matter. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Kanjyik Ghosh, Rashmi Organizations: Kyndryl Holdings, Financial Times, Thomson Locations: China, Bengaluru

☆ OpenAI, Jony Ive in talks to raise $1 bln from SoftBank for AI device venture - FT
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. Sam Altman, OpenAI's chief, has tapped Ive’s company LoveFrom to develop the ChatGPT creator’s first consumer device, the report said. Ive and LoveFrom could not be reached for comment. Tech website The Information first reported on Tuesday that Ive and Altman have been discussing building a new AI hardware device and that Softbank's Son has also been involved in some aspects of the conversation. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Rashmi Aich and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, OpenAI, Jony, Sam Altman, LoveFrom, Altman, Steve Jobs, Kanjyik Ghosh, Rashmi Aich, Eileen Soreng Organizations: REUTERS, Apple, Financial Times, OpenAI's, Tech, Thomson Locations: OpenAI, Bengaluru

☆ Kia, Hyundai recall 3.37 million US vehicles over fire risks
▼ + stars: | 2023-09-27 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/3] The Kia EV9 is displayed at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File photo Acquire Licensing RightsWASHINGTON, Sept 27 (Reuters) - Hyundai (005380.KS) and Kia (000270.KS) are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners to park outside and away from structures until repairs are complete. The automakers say brake fluid leaks can cause a short that could lead to a fire. Hyundai said it has reports of 21 fires and 21 other thermal incidents since 2017 related to the recall, while Kia has reports of at least 10 confirmed fires and melting incidents. Kia America's recall covers 1.73 million Borrego, Cadenza, Forte, Sportage, K900, Optima, Soul Rio, Sorento, and Rondo vehicles.

Persons: Kia EV9, David, Dee, Delgado, Kia, Kia America's, Forte, Sportage, Jyoti Narayan, Kanjyik Ghosh, Jan Harvey, Kirsten Donovan Organizations: New York, REUTERS, Rights, Hyundai, Kia, National, Traffic Safety Administration, Control, Tucson Fuel Cell, Santa Fe Sport, Thomson Locations: Manhattan , New York City, U.S, KS, United States, Santa Fe, Veracruz, Tucson, Santa, Bengaluru

☆ Jailed Italian Mafia boss Messina Denaro dies: ANSA
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +4 min

[1/2] A screengrab taken from a video shows Matteo Messina Denaro the country's most wanted mafia boss being escorted out of a Carabinieri police station after he was arrested in Palermo, Italy, January 16, 2023. Carabinieri/Handout via REUTERS/File Photo Acquire Licensing RightsROME, Sept 25 (Reuters) - Italian Mafia boss Matteo Messina Denaro, who was arrested in January after spending 30 years on the run, has died, ANSA news agency reported on Monday. Messina Denaro, 61, was suffering from cancer at the time of his arrest. The son of a mafioso, Messina Denaro was born in the southwestern Sicilian town of Castelvetrano in 1962. Despite his notoriety, prosecutors have always doubted that Messina Denaro became the Mafia "boss of bosses", saying it was more likely that he was simply the head of Cosa Nostra in western Sicily.

Persons: Matteo Messina Denaro, Messina Denaro, Denaro, ANSA, Giovanni Falcone, Paolo Borsellino, Giuseppe Di Matteo, Salvatore, Riina, turncoats, Crispian Balmer, Kanjyik Ghosh, Kim Coghill, Gerry Doyle Organizations: Carabinieri, REUTERS, Rights, Mafia, La Repubblica, Messina, Police, Cosa Nostra, Thomson Locations: Palermo, Italy, Rome, Florence, Milan, Messina, Sicilian, Castelvetrano, Sicily, Campobello

☆ US opens probe into about 240,000 Ford EcoSport vehicles
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

The 2018 Ford Ecosport is displayed during the North American International Auto Show in Detroit, Michigan, U.S., January 10, 2017. REUTERS/Mark Blinch Acquire Licensing RightsCompanies Ford Motor Co FollowSept 22 (Reuters) - U.S. auto safety regulators said on Friday they are investigating about 240,000 of 2018-2021 Ford (F.N) EcoSport vehicles after consumer complaints alleging oil pump failure. The investigation was opened on September 20 by the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation, the NHTSA said. It said it had received 95 complaints alleging that the oil pump may fail, resulting in a loss of motive power while the vehicle is in motion. 2 U.S. automaker's previous recall of 710,000 Explorer SUVs over power loss reports to determine if a fix implemented by Ford was adequate.

Persons: Ford Ecosport, Mark Blinch, Ford, Kanjyik Ghosh, Jason Neely Organizations: North American, REUTERS, Ford, National, NHTSA, Thomson Locations: Detroit , Michigan, U.S, Bengaluru

☆ Striking Hollywood writers, studios to meet again Friday
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Strike signs await striking SAG-AFTRA actors and Writers Guild of America (WGA) outside Disney Studios in Burbank, California, U.S., July 25, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsLOS ANGELES, Sept 21 (Reuters) - Negotiators for Hollywood's major studios and striking film and television writers plan to meet again on Friday, the Writers Guild of America (WGA) said in a statement. Roughly 11,500 WGA members walked off the job in May, angered by how working conditions have changed in the streaming TV era. The SAG-AFTRA actors union went on strike in July, putting Hollywood in the midst of two simultaneous work stoppages for the first time in 63 years. Reporting by Lisa Richwine and Kanjyik Ghosh; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Walt Disney, Bob Iger, Ted Sarandos, Donna Langley, David Zaslav, Lisa Richwine, Kanjyik Ghosh, Edwina Gibbs Organizations: Writers Guild of America, Disney Studios, REUTERS, CNN, Alliance, Television Producers, WGA, Netflix, Warner Bros Discovery, SAG, Hollywood, Thomson Locations: Burbank , California, U.S

☆ Broadcom falls on report Google discussed dropping firm as AI chip supplier
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

The report said Google's deliberations follow a standoff between the company and Broadcom over the price of the TPU chips. Broadcom, Google and Marvell did not immediately respond to Reuters' requests for comment. Broadcom is seen as the second-biggest winner from the generative AI boom after Nvidia (NVDA.O). Google co-designs its AI chips with Broadcom and tech giant has already lined up the semiconductor firm for its sixth generation processor, the analysts said. That push has accelerated this year after prices surged for Nvidia's H100, the chip that powers most generative AI apps, to nearly double its original cost of $20,000.

Persons: Dado Ruvic, Marvell, Hock Tan, Morgan, Kanjyik Ghosh, Aditya Soni, Savio D'Souza, Nivedita Bhattacharjee, Krishna Chandra Organizations: Broadcom, REUTERS, Google, Microsoft, Marvell Technology, Nvidia, Meta, Nvidia's, Thomson Locations: J.P, Bengaluru

☆ DirecTV to temporarily restore Nexstar-owned stations
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

A DirecTV satellite dish is seen on a residential home in Encinitas, California November 5, 2014. REUTERS/Mike Blake Acquire Licensing RightsSept 17 (Reuters) - DirecTV and Nexstar (NXST.O) have agreed to temporarily return the signals of the Nexstar-owned stations and national cable news network NewsNation to DirecTV, DirecTV Stream and U-verse, the companies said in a joint statement on Sunday. In July, satellite provider DirecTV removed TV station owner Nexstar's network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement. Nexstar, the largest local TV station owner in the U.S., had previously said that DirecTV rejected its offer to extend the current distribution agreement to Oct. 31, affecting its markets in Los Angeles, Chicago, Philadelphia, San Francisco and Denver. Reporting by Kanjyik Ghosh and Shivani Tanna in Bengaluru; Editing by Alex Richardson and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Kanjyik Ghosh, Alex Richardson, Jane Merriman Organizations: DirecTV, REUTERS, Nexstar, Thomson Locations: Encinitas , California, U.S, Los Angeles, Chicago, Philadelphia, San Francisco, Denver, Bengaluru

☆ ECB’s Stournaras urges governments to help bring down inflation, Bloomberg reports
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

Central Bank Governor Yannis Stournaras poses for a photo in his office at the bank’s headquarters in Athens, Greece, October 22, 2021. REUTERS/Louiza Vradi Acquire Licensing RightsSept 17 (Reuters) - European Central Bank Governing Council member Yannis Stournaras said governments must do their part in reining in consumer prices after borrowing costs reached a level that may well be their peak, Bloomberg News reported on Sunday. “Monetary policy has done its part to fight inflation,” Stournaras told Bloomberg in an interview, adding that now it was up to fiscal policy to "take out some of the heat." “A more restrictive fiscal stance wouldn’t only be a welcome strategic complement to ECB policy but also help improve the credibility of public debt and loosen the nexus with banks,” the Greek central bank chief said. Reporting by Kanjyik Ghosh in Bengaluru Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Central Bank Governor Yannis Stournaras, Louiza, Yannis Stournaras, ” Stournaras, wouldn’t, Stournaras, Francois Villeroy de Galhau, Kanjyik Ghosh, Tomasz Janowski Organizations: Central Bank Governor, REUTERS, Central Bank Governing, Bloomberg, ECB, Thomson Locations: Athens, Greece, reining, Bengaluru

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