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"Most central banks have an inflation target of about 2%, the SNB is slightly more conservative," Jordan said. "Of course if inflation is higher than the target, monetary policy must be restrictive," Jordan told the newspaper. Earlier this week Jordan in a separate public appearance, said he could not rule out tightening monetary policy to tackle stubborn Swiss inflation. In the newspaper interview Jordan said price stability created the best environment for economic growth, and was important for social stability and fairness. "When inflation is above 2%, people with lower incomes especially suffer," Jordan told the newspaper.
Persons: Thomas Jordan, Jordan, John Revill, Tomasz Janowski Organizations: Swiss National Bank, Corriere del, Thomson Locations: ZURICH, Corriere del Ticino, Switzerland
[1/2] Florida Governor and Republican presidential candidate Ron DeSantis speaks at the North Carolina Republican Party convention in Greensboro, North Carolina, U.S. June 9, 2023. REUTERS/Jonathan DrakeWASHINGTON, June 9 (Reuters) - Florida Governor Ron DeSantis criticized the indictment of rival Republican presidential candidate Donald Trump on Friday, saying there had been what he called double standards in issuing charges. "Is there a different standard for a Democrat Secretary of State versus a former Republican president?" Biden and top officials have repeatedly said the Justice Department is acting independently. And that's what we've seen," said DeSantis, who is running a distant second behind Trump in opinion polls for the Republican nomination.
Persons: Ron DeSantis, Jonathan Drake WASHINGTON, Donald Trump, DeSantis, Trump, Hillary, Hillary Clinton, Barack Obama, Clinton, Joe Biden, Biden, Kanishka Singh, Rosalba O'Brien Organizations: Florida Governor, Republican, North Carolina Republican Party, REUTERS, Trump, U.S . State Department, FBI, White House, Republicans, Democratic, Justice Department, Thomson Locations: Greensboro , North Carolina, U.S, Florida, Washington
WASHINGTON, June 9 (Reuters) - American Airlines (AAL.O) and JetBlue Airways (JBLU.O) asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. Codeshares allow multiple airlines to sell seats for the same flight. The Justice Department said Sorokin should reject the airlines "invitation to craft a new 'NEA Lite' on the fly." American is the largest U.S. airline by fleet size and low-cost carrier. Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines (SAVE.N).
Persons: Leo Sorokin, Sorokin, David Shepardson, Diane Craft Organizations: American Airlines, JetBlue Airways, District, Northeast Alliance, NEA, Justice Department, American, JetBlue Boston, U.S, JetBlue, Department, Spirit Airlines, Thomson Locations: New York, Boston, Washington, York, JFK, LaGuardia, Newark
Twitter to pay verified creators for ads in replies, Musk says
  + stars: | 2023-06-10 | by ( )   time to read: +1 min
June 9 (Reuters) - Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk said on Friday. "Note, the creator must be verified and only ads served to verified users count," Musk, the billionaire who bought Twitter last October, said in a tweet. loadingSince Tesla (TSLA.O) CEO Musk acquired Twitter, the platform has struggled to retain advertisers, who have been wary about the placement of their ads after the company laid off thousands of employees. The move comes as Twitter's newly named CEO, Linda Yaccarino, an advertising veteran from NBCUniversal, is about to take the helm at the social media platform. Reporting by Akriti Sharma in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Elon Musk, Musk, Linda Yaccarino, Akriti Sharma, Leslie Adler Organizations: Twitter, Thomson Locations: NBCUniversal, Bengaluru
[1/3] Former U.S. President and Republican presidential candidate Donald Trump gestures during a campaign event in Manchester, New Hampshire, U.S., April 27, 2023. REUTERS/Brian SnyderJune 9 (Reuters) - Court documents made public on Friday detailed 37 criminal counts against former U.S. President Donald Trump, including charges of unauthorized retention of classified documents and conspiracy to obstruct justice after he left the White House in 2021. *Senator John Barrasso, chairman of the Senate Republican Conference“This indictment certainly looks like an unequal application of justice. Hillary Clinton had a computer server in her house with classified documents. It feels political, and it’s rotten.”*Democratic Senator Debbie Stabenow"He stored highly classified documents in his bathroom!?
Persons: Donald Trump, Brian Snyder, Jack Smith, Kevin McCarthy, we're, Joe Biden, General Merrick Garland, Trump, Biden, I’m, Ron DeSantis, DeSantis, Hillary, Chris Christie, Donald Trump's, Sarah Matthews, Daniel Richman, John Barrasso, Biden’s, Hillary Clinton, Debbie Stabenow, Todd Huntley, Andy Briggs, Matt Bennett, Trump’s, Republican Representative Denver, , Jonathan Oatis, Leslie Adler Organizations: U.S, Republican, REUTERS, White House, Fox News, Twitter, Trump, GOP, Republicans, Columbia Law School, Senate Republican Conference, Georgetown University, Republican U.S, Republican Representative, intel, Reuters, Thomson Locations: Manchester , New Hampshire, U.S, United States, Ron DeSantis , Florida, New Jersey, Delaware
BOGOTA, June 9 (Reuters) - Four children from an Indigenous community in Colombia were found alive in the south of the country more than five weeks after the plane they were traveling in crashed in thick jungle, Colombia's President Gustavo Petro said on Friday. The children were rescued by the military near the border between Colombia's Caqueta and Guaviare provinces, close to where the small plane had crashed. The four children who were lost ... in the Colombian jungle appeared alive," Petro said in a message via Twitter. Three adults, including the pilot, died as a result of the crash and their bodies were found inside the plane. Preliminary information from the civil aviation authority, which coordinated the rescue efforts, suggests the children escaped the plane and set off into the rainforest to find help.
Persons: Gustavo Petro, Petro, San Jose del Guaviare, Luis Jaime Acosta, Oliver Griffin, Jamie Freed Organizations: Cessna, Thomson Locations: BOGOTA, Colombia, Colombia's, Guaviare, Colombian, Araracuara, Amazonas province, San Jose, Guaviare province
Messi in Beijing for friendly before move to Miami
  + stars: | 2023-06-10 | by ( )   time to read: +1 min
SHANGHAI, June 10 (Reuters) - Argentine superstar Lionel Messi arrived in Beijing on Saturday for a friendly match before leaving a storied European career to join Major League Soccer side Inter Miami as a free agent. Messi, who lifted the World Cup in Qatar in December and is widely considered to be one of the game's all-time greats, confirmed this week he will leave French champions Paris St Germain for the U.S. league. This is the Argentina captain's seventh visit to China and his first since 2017. Australia and Argentina last met at the 2022 World Cup in Qatar in the round of 16, where Messi was among the scorers as his team won 2-1. Reporting by Reuters newsroom; Writing by Martin Pollard and Engen Tham; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Lionel Messi, Messi, Paris St Germain, Martin Pollard, Engen, William Mallard Organizations: Argentine, Major League Soccer, Inter Miami, Football, Weibo, Workers, Paris St, U.S ., men's, Reuters, Thomson Locations: SHANGHAI, Beijing, Thursday's Argentina, Australia, Qatar, Argentina, China
NEW YORK, June 9 (Reuters) - Bankrupt crypto exchange FTX received court permission on Friday to remove customer names from all filings in its bankruptcy case, persuading a U.S. judge that publishing the names would put people at risk of scams and identity theft. U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, ruled that FTX can permanently redact the names of individual customers from its bankruptcy filings, after hearing testimony that publishing customers' names would place them at risk even if other identifying information like their email address was kept secret. In January, Dorsey had allowed FTX to keep secret the names of 9 million of its individual customers for three months. On Friday, Dorsey also authorized FTX to remove the names of companies and institutional investors from its customer lists on a temporary basis, saying FTX will have to make a new request in 90 days. FTX founder Sam Bankman-Fried and several company insiders have been indicted on fraud charges for their role in the company's collapse.
Persons: FTX, John Dorsey, Dorsey, liquidators, Sam Bankman, Dietrich Knauth, Alexia Garamfalvi, Rosalba O'Brien Organizations: YORK, FTX's, Bahamian, FTX, Thomson Locations: U.S, Wilmington , Delaware, Bahamas, Delaware
June 9 (Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla (TSLA.O) standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. The statement follows separate announcements by U.S. automakers Ford Motor (F.N) and General Motors (GM.N) that they were adopting the Tesla model of charging, known as the North American Charging Standard (NACS). Tesla shares rose 4.1%. Some of them said on Friday that they would work to adapt to the Tesla standard. [1/2] Tesla charging stations are pictured in a parking lot in Shanghai, China March 13, 2021.
Persons: Biden, Tesla, Robyn Patterson, Patterson, Tesla's, Oleg Logvinov, Aly, Logvinov, Sam Houston, Danni Hewson, AJ Bell, Blink, Jonathan Levy, We've, They've, Asaf Nagler, ChargePoint, Jarrett Renshaw, Abhirup Roy, Hyunjoo Jin, Chavi Mehta, Bhanvi, Sayantani Ghosh, David Gaffen, Peter Henderson, Matthew Lewis Organizations: U.S, Ford Motor, General Motors, American, CCS, Analysts, Ford, GM, EV, Reuters, Volkswagen, Hyundai Motor, Kia, IoTecha, REUTERS, CharIN, Union of Concerned, Tesla, ABB, America, Thomson Locations: United States, Shanghai, China, CharIN North America, Swiss, Philadelphia, San Francisco, Bengaluru
The benchmark S&P 500 (.SPX) built on Thursday's 20% rise from its Oct. 12 finishing low, heralding the start of a new bull market as defined by some market participants. The S&P 500 (.SPX) gained 4.93 points, or 0.11%, at 4,298.86, taking this week's advance to 0.38% and extending its winning streak to four weeks, the longest since the July-August 2022 period. The Dow Jones Industrial Average (.DJI) rose 43.17 points, or 0.13%, to 33,876.78, for a weekly gain of 0.33%. Declining issues outnumbered advancing ones on the NYSE by a 1.49-to-1 ratio; on Nasdaq, a 1.84-to-1 ratio favored decliners. The S&P 500 posted 15 new 52-week highs and five new lows; the Nasdaq Composite recorded 84 new highs and 53 new lows.
Persons: Dow Jones, Tim Holland, Brendan McDermid, Rick Meckler, Wells, Sruthi Shankar, Shristi, Vinay Dwivedi, Richard Chang Organizations: Adobe, Citi, Nasdaq, Tesla Inc, General Motors Co, GM, Orion, Dow Jones, Apple Inc, Devices, Nvidia Corp, NYSE, American Stock Exchange, New York Stock Exchange, REUTERS, Brendan McDermid Traders, Cherry Lane Investments, Target Corp, Adobe Inc, Netflix Inc, Thomson Locations: Wells Fargo, New York City, U.S, Bengaluru
MILAN, June 9 (Reuters) - Telecom Italia (TIM) (TLIT.MI) said on Friday it received two new offers for its landline grid as Italy's biggest telecoms group seeks to resolve the impasse over the sale of its main asset. U.S. fund KKR (KKR.N) and a rival consortium comprising state lender CDP and Australian fund Macquarie (MQG.AX) separately submitted bids for Telecom Italia's network, according to a statement. Debt-crippled TIM had sought improved offers for its most valuable asset after having assessed as not yet adequate the proposals received in May. The antitrust problems are linked to CDP and Macquarie's owning fibre optic wholesale provider Open Fiber. Treasury-owned CDP is the second-largest investor in TIM after France's Vivendi (VIV.PA) with a 10% stake.
Persons: Pietro Labriola's, Akriti Sharma, Elvira Pollina, Marguerita Choy, Leslie Adler Organizations: MILAN, Telecom Italia, KKR, Macquarie, Telecom Italia's, TIM, Treasury, France's Vivendi, Thomson Locations: Bengaluru, Milan
Trump mishandled classified documents that included information about the secretive U.S. nuclear program and potential domestic vulnerabilities in the event of an attack, the federal indictment said. Unauthorized disclosure of classified documents posed a risk to U.S. national security, foreign relations, and intelligence gathering, prosecutors said. Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Manchester, New Hampshire, U.S., April 27, 2023. The indictment also alleges Trump conspired with Nauta to keep classified documents Trump had taken from the White House and hide them from a federal grand jury. The case does not prevent Trump from campaigning or taking office if he were to win the November 2024 presidential election.
Persons: Donald Trump, Trump, John Rowley, Jim, Walt Nauta, Jack Smith, Smith, General Merrick Garland, Trump’s, Matt Bennett, Joe Biden, Biden, Brian Snyder, Lago, Nauta, Aileen Cannon, Cannon, Sarah N, Lynch, Jonathan Stempel, Jack Queen, Jacqueline Thomsen, Karen Freifeld, Nathan Layne, Heather Timmons, Nandita Bose, Andy Sullivan, Noeleen Walder, Howard Goller Organizations: U.S, White House, The Justice Department, Trump, Republican, Reuters, Democratic, Former U.S, REUTERS, White, Mar, Pentagon, CIA, National Security Agency, Department of Energy, Prosecutors, Defense Department, FBI, TRUMP, AS, Democrat, Biden, Thomson Locations: Lago, Florida, Miami, United States, U.S, Former, Manchester , New Hampshire, New Jersey, Mar, New York, Georgia
"There's reason to believe that the pessimism we saw at the start of the year is giving way to a stronger-than-expected market." Murray has increased his allocation to small-cap stocks, which tend to be among the most direct beneficiaries of economic growth. Other rebounding segments in June include the S&P 500 energy sector, which has gained 6% this month and S&P 500 industrials, up 5.7%. Ten of the 11 S&P 500 sectors are firmer for the month to date, compared to only six for the year. Stronger-than-expected jobs growth and robust consumer spending have been among the data points that have bolstered investors' economic outlook.
Persons: Tim Murray, T Rowe Price's, Murray, Russell, Dow, Howard Silverblatt, Goldman Sachs, Saira Malik, Max Wasserman, David Randall, Saqib Iqbal Ahmed, Lewis Krauskopf, Ira Iosebashvili, Richard Chang Organizations: YORK, Energy, Reuters, Apple Inc, Microsoft Corp, Inc, Inc, Nvidia Corp, Tesla Inc, Dow Jones, Capital Economics, Miramar Capital, Starbucks Corp, Target Corp, Thomson Locations: U.S
REUTERS/Carlos BarriaJune 9 (Reuters) - The largest U.S. business group on Friday urged President Joe Biden him to intervene immediately and appoint an independent mediator to address a protracted West Coast ports labor dispute. West Coast ports stretching from California to Washington state are critical to U.S. supply chains and the nation's economy. U.S. Chamber of Commerce CEO Suzanne Clark in a letter to Biden cited "continued and potentially expanded service disruptions at these ports heading into peak shipping season." Workers reported for duty on Thursday and Friday at the Port of Los Angeles, officials said. "Operations going into the weekend seem to be the most normal they've been" since labor disruptions started late last week, Los Angeles port spokesman Phillip Sanfield said, adding that the port has limited weekend hours.
Persons: Carlos Barria, Joe Biden, Suzanne Clark, Biden, Phillip Sanfield, David Shepardson, Chizu Nomiyama, Mark Potter Organizations: Shipping, Port, REUTERS, . Chamber of Commerce, Pacific Maritime Association, Warehouse Union, Workers, Retailers, Thomson Locations: Oakland, Oakland , California, U.S, West Coast, California, Washington, Seattle, Tacoma, Los Angeles, Long, Port of Los Angeles, San Francisco, East Coast, Gulf of Mexico, Asia, Panama
WASHINGTON, June 9 (Reuters) - A surprise Supreme Court ruling on Thursday has handed Democrats a potential boost in the 2024 congressional race by calling into question the constitutionality of Republican-drawn electoral districts throughout the U.S. South. That could force Alabama to redraw its seven House districts so that two would contain Black majorities or near-majorities, up from one now. Analysts said that would give Democrats a greater chance of winning seats across the South, where voting often breaks down along racial lines. Democrats said the ruling would give them a greater chance at winning back the chamber in the November 2024 election. "This decision will affect redistricting cases across the country and help deliver a House of Representatives that better reflects the diversity of our nation," said Suzan DelBene, chair of the Democrats' House campaign arm.
Persons: Suzan DelBene, Jack Pandol, Terri Sewell, Gram Slattery, Moira Warburton, Andy Sullivan, Stephen Coates Organizations: Republican, Analysts, Republicans, Representatives, Democrats, House, Democratic, Thomson Locations: U.S, Alabama, Washington, Louisiana, North Carolina, Alabama's
June 9 (Reuters) - French software provider Dassault Systemes (DAST.PA) on Friday forecast a doubling of its earnings per share (EPS) by 2028, and announced a new CEO. Dassault said it plans to reach non-IFRS EPS between 2.20 euros and 2.40 euros by 2028, roughly double the 1.13 euros it posted for the full year of 2022. Proponents say subscription models give companies a more predictable revenue stream, which helps planning and managing costs. "Dassault Systèmes will increase its addressable markets from €100 billion today to €1 trillion by 2040," the company said in a statement. Reporting by Olivier Sorgho and Augustin Turpin; Editing by Tom Hogue and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Pascal Daloz, Bernard Charlès, Olivier Sorgho, Augustin Turpin, Tom Hogue, Gerry Doyle Organizations: Dassault, Thomson
“The [Presidential Records Act] does not confer any mandatory or even discretional authority on the archivist,” wrote U.S. District Judge Amy Berman Jackson in that 2012 ruling. “These are not presidential records,” he added. The Presidential Records Act, Trump’s brief said, gave Trump the sole authority to decide how to categorize his records. Fitton told me he explained his Presidential Records Act theory to the Washington, D.C., grand jury in the Trump document case last winter. Fitton, for instance, accused the Justice Department of flipping its position on presidential discretion under the Presidential Record Act to go after Trump.
Persons: Donald Trump, Bill Clinton’s, Clinton, Taylor Branch, Clinton “ squirreled, , Amy Berman Jackson, Trump, Jason Baron, Bradley Moss, Mark S, Zaid, Moss, Baron, , Todd Blanche, Tom Fitton, ” Fitton, Fitton, Jack Smith, Margaret Kwoka of Organizations: Reuters, Watch, GQ, Branch, National Archives, Records Administration, Presidential, Judicial, Archives, , Justice Department, Mar, University of Maryland, Trump, Trump –, Presidential Records, Circuit, Records, D.C, Margaret Kwoka of Ohio State University, Thomson Locations: Mar, United States, U.S, Washington
WASHINGTON, June 9 (Reuters) - The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at China. Australia, Britain, Canada, Japan, and New Zealand jointly released the statement with the United States, emphasizing that "trade-related economic coercion and non-market-oriented policies and practices" threatened the multi-lateral trading system and "harms relations between countries." The United States, Britain, Japan and Canada are also members of the G7. In May, Beijing protested the G7's declarations, including on economic coercion, saying the U.S. was "pushing hard to weave an anti-China net in the Western world." "We are also seriously concerned about the use of forced labour, including state-sponsored forced labour, in global supply chains.
Persons: Jeff Mason, Dan Whitcomb, Sonali Paul Organizations: New, Seven, Washington, U.S . Trade, Thomson Locations: United States, China, Australia, Britain, Canada, Japan, New Zealand, Beijing, Lithuania, Taiwan, U.S
U.S. prosecutors unsealed a 37-count indictment against Trump on Friday, accusing him of risking some of the country's most sensitive security secrets after leaving office in 2021. This indictment must now play out through the legal process, without any outside political or ideological interference," Schumer and Jeffries said in a joint statement. "We encourage Mr. Trump's supporters and critics alike to let this case proceed peacefully in court," their joint statement added. Biden and the top congressional Democrats, Schumer and Jeffries, did not take direct aims at Trump on Friday over the indictment related to the former president's handling of classified documents. Republicans have alleged, without evidence, that the investigation into Trump, who is running to unseat Biden from the White House in 2024, is politically motivated.
Persons: Chuck Schumer, Hakeem Jeffries, Donald Trump, Schumer, Jeffries, Trump's, Joe Biden, General Merrick Garland, Department's, Republican Trump, Biden, Kanishka Singh, Jasper Ward, Alistair Bell Organizations: Democratic U.S, Representatives Democratic, Trump, Republican, White House, Republicans, Justice Department, Thomson Locations: Washington
Asked if he thought the world was in a new Cold War, Kostin said that it was now a "hot war" that was more dangerous than the Cold War. VTB, Kostin said, was discussing using yuan in settlements with third countries. "We have already entered into a hot war," Kostin said of the crisis with Ukraine. The situation is worse than in the Cold War, it is very difficult and alarming." Asked if Russia's economy would remain a free economy, Kostin said: "I very much hope so."
Persons: Dado Ruvic, Andrei Kostin, Kostin, Vladimir Putin, Putin, VTB, Guy Faulconbridge, Mark Potter Organizations: REUTERS, U.S ., European Union, Reuters, U.S, JPMorgan, VEB, EU, West ., Monetary Fund, Thomson Locations: Russian, China, MOSCOW, Russia, Ukraine, United States, Moscow, Australia, Britain, Soviet Union
[1/2] A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. His more cautious approach to the energy transition marks a change in tack from his predecessor Ben van Beurden who introduced the carbon reduction targets and the energy transition strategy. It is also exiting its European power retail businesses, which were seen only a few years ago as key to its energy transition. At the same time, Shell reported record profits of $40 billion last year on the back of strong oil and gas prices. Sawan previously flagged that the 2021 target to cut oil output by 20% the end of the decade was under review.
Persons: Denis Balibouse, Sawan, Wael Sawan's, Ben van Beurden, Shell, Bernard Looney, Lucas Herrmann, Herrmann, Ron Bousso, Elaine Hardcastle Organizations: European Business Aviation Convention, REUTERS, Shell, LONDON, BP, Reuters Graphics Reuters, U.S, Exxon Mobil, Chevron, Investors, Thomson Locations: Geneva, Switzerland, New York, Shell, Lebanese, Namibia, London
Around 2,500 people were told to evacuate the community of Tumbler Ridge in northeastern British Columbia on Thursday. A video distributed by the British Columbia fire service showed deserted streets in Tumbler Ridge, while nearby forests were ablaze. Smoke rises from a wildfire in Tumbler Ridge, British Columbia, Canada, in this screen grab taken from a video, June 8, 2023. Temperatures in parts of British Columbia soared to more than 30 Celsius (86 Fahrenheit) this week, nearly 10 C above the seasonal average. Additional reporting by Ismail Shakil in Ottawa, Nia Williams in British Columbia and Allison Lampert in Montreal; Editing by Stephen Coates, Jane Merriman, Chris Reese and Frances KerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Darcy Dober, Maite Blanchette Vezina, Gerald Cheng, Hicham Ayoun, Ismail Shakil, Nia Williams, Allison Lampert, Stephen Coates, Jane Merriman, Chris Reese, Frances Kerry Organizations: OTTAWA, British Columbia, Canadian Interagency Forest Fire, Canadian Broadcasting Corp, BC Wildlife Service, REUTERS, Environment, Transport Canada, Thomson Locations: Canadian, British, Quebec, North, Canada, Tumbler, British Columbia, Dawson Creek, Ridge, Ontario, Environment Canada, Alberta, Ottawa, Toronto , New York, Washington, New York, Montreal
Trump lawyer Jim Trusty told CNN those charges include conspiracy, false statements, obstruction of justice, and illegally retaining classified documents under the Espionage Act. It is the second criminal case for Trump, currently the leading candidate for the Republican nomination for the 2024 presidential election. He describes himself as the victim of a witch hunt and accuses the Justice Department of partisan bias. Trump is not the only top government official to draw scrutiny for retaining classified documents. The Justice Department last week closed its investigation into Pence without filing any charges.
Persons: Donald Trump, Trump, Jim, Jack Smith, Joe Biden, Smith, Biden, Trump's, Mike Pence, Pence, Sarah N, Lynch, Andy Sullivan, Noeleen Walder Organizations: Former U.S, Republican, Trump, White, Trump's Mar, Reuters, Justice Department, Democrat, Biden, Democratic, U.S . Senate, Department, Thomson Locations: Former, Miami, U.S, Lago, Palm Beach , Florida, New York, Georgia, Washington, Florida, Lincoln
As part of India's anti-tobacco drive, the health ministry last month ordered streaming platforms to insert static health warnings during smoking scenes within three months. IAMAI asked the health ministry to revisit the "onerous" rules, saying a survey had shown viewers were indifferent to depictions of smoking on streaming platforms, the letter said. Beyond Hollywood content, streaming companies Netflix (NFLX.O), Amazon (AMZN.O), Disney (DIS.N) and JioCinema have become increasingly popular in India. Activists have welcomed India's new rules, saying it would discourage smoking in a country where tobacco kills 1.3 million people each year. All smoking and alcohol drinking scenes in movies in India's cinemas and on TV, under law, require health warnings, but there were so far no regulations for the streaming giants.
Persons: Dado Ruvic, Mukesh Ambani's, IAMAI, Woody Allen, Blue Jasmine, Sanjay Seth, Seth, Aditya Kalra, William Maclean Organizations: Netflix, Disney, REUTERS, Reuters, Internet, Mobile Association of India, Health Foundation, Thomson Locations: DELHI, India
Over the same period, however, working gas inventories increased by 454 billion cubic feet compared with a prior 10-year average increase of 401 billion cubic feet. No progress was made eliminating excess inventories during the spring quarter. Freeport LNG's re-opened export terminal did not make a significant difference in depleting the excess inventories accumulated during the winter of 2022/23. Unless the summer is unusually hot, boosting gas consumption by electricity generators, excess inventories look set to persist for several more months. As a result, hedge funds and other money managers have been cautious about turning bullish on gas prices.
Persons: John Kemp, Paul Simao Organizations: Climate Prediction Center, CPC, Freeport LNG's, Thomson, Reuters Locations: United States, U.S, Ukraine
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