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Kavak Chief Executive Carlos Garcia poses for a photo at used autos platform Kavak in Mexico City, Mexico, August 25, 2020. Founded nearly five years ago in Mexico, Kavak expanded to Argentina in 2020, before landing in Brazil this year, which it described as its largest market. The company will most likely focus next on expanding to emerging markets beyond Latin America, CEO Garcia told Reuters, noting that announcements could come within six months. Kavak says it now has 5,000 employees across Latin America. Chinese consumer habits closely resemble those in Latin America, Garcia said.
Persons: Carlos Garcia, Edgard Garrido, Kavak, Catalyst, Peter Thiel's, Japan's SoftBank, Garcia, Cassandra Garrison, Matthew Lewis Organizations: REUTERS, Reuters, U.S, SoftBank Group Corp, Fund, Sea Ltd, Tiger, Ribbit, Kavak, Global Inc, Thomson Locations: Mexico City, Mexico, MEXICO, America, Singapore, House, Argentina, Brazil, Latin America, United States, U.S
Coffee is largely produced in the Coffee Belt, located between the Tropic of Cancer and the Tropic of Capricorn, where countries such as Brazil, Colombia, Ethiopia and Vietnam have provided the best climate for coffee trees, which need constant heat to survive. Armstrong recently joined a group of farmers taking part in the largest-ever coffee growing endeavor in the United States. "It seems more logical to invest in new coffee varieties that could be grown in the same current geographies," he said. Rowland said researchers are planting coffee trees close to citrus, an intercropping technique used in other parts of the world as larger trees help hold winds and provide shade to coffee trees. That, in turn, could help in the selection of optimal coffee varieties for the region in the future.
Persons: Farmer David Armstrong, Armstrong, Jay Ruskey, Ruskey, Frinj, Smith Hobson, Giacomo Celi, Diane Rowland, Rowland, Alina Zare, Marcelo Teixeira, David Gaffen, Matthew Lewis Organizations: Reuters, FRINJ, REUTERS NEW, Central America, Tropic, Cancer, Frinj, Coffee, Starbucks Reserve, U.S ., United Nations Food, Agriculture Organization, Mercon Coffee, University of Florida, UF's College of Engineering, National Oceanic, Atmospheric Administration, New, Thomson Locations: Hobson, U.S, Ventura , California, Central, Los Angeles, Brazil, Colombia, Ethiopia, Vietnam, California, Florida, United States, Hawaii, CALIFORNIA, FLORIDA, Minas Gerais, New York
Founded nearly five years ago in Mexico, Kavak expanded to Argentina in 2020, before landing in Brazil this year, which it described as its largest market. The company will most likely focus next on expanding to emerging markets beyond Latin America, CEO Garcia told Reuters, noting that announcements could come within six months. Kavak says it now has 5,000 employees across Latin America. We’re starting to see this early trend in Latin America, we think it’s going to be a huge driver for Kavak in the next few months,” Garcia said. Chinese consumer habits closely resemble those in Latin America, Garcia said.
Persons: Carlos Garcia, Kavak, Catalyst, Peter Thiel’s, Japan's SoftBank, Garcia, , , ” Kavak, ” Garcia, Cassandra Garrison, Matthew Lewis Organizations: MEXICO CITY, Reuters, U.S, SoftBank Group Corp, Fund, Sea Ltd, Tiger, Ribbit, Kavak, Inc Locations: MEXICO, America, Mexico, Singapore, House, Argentina, Brazil, Latin America, United States, U.S
Solar panels are seen at the Desert Stateline project near Nipton, California, U.S. August 16, 2021. REUTERS/Bridget BennettSept 22 (Reuters) - A U.S. solar industry group warned on Wednesday that tariffs on imported panels from three Asian countries would jeopardize nearly 30% of the solar capacity the nation is expected to install over the next two years. "We cannot emphasize enough how damaging these tariffs would be to our companies and the entire American solar industry," said the letter signed by nearly 200 solar companies. The tariffs would jeopardize 18 gigawatts (GW) of solar projects by 2023, the SEIA said, enough to power about 3.4 million homes. SEIA for years has opposed tariffs on solar imports because those products have fueled the sector's growth.
Persons: Bridget Bennett, Gina Raimondo, Wood Mackenzie, Nichola Groom, Tom Hogue Organizations: REUTERS, Commerce Department, Solar Energy Industries Association, American, Manufacturers, Thomson Locations: Nipton , California, U.S, Malaysia, Vietnam, Thailand, United States, China
UNITED NATIONS — Chinese leader Xi Jinping said on Tuesday that China would not build new coal-fired power projects abroad, using his address at the United Nations General Assembly to add to pledges to deal with climate change. And I’m absolutely delighted to hear that President Xi has made this important decision," Kerry said in a statement. "It is clear the writing is on the wall for coal power. I welcome President Xi’s commitment to stop building new coal projects abroad — a key topic of my discussions during my visit to China," he said on Twitter. Xi spoke after U.S. President Joe Biden gave his first United Nations address.
Persons: Xi Jinping, Xi, António Guterres, John Kerry, Kerry, We’ve, Alok Sharma, Xi’s, Joe Biden, Biden, China's ascendance, Qilai Shen, Donald Trump, Justin Guay, Guterres Organizations: UNITED, United Nations General Assembly, NBC, United, Twitter, U.S, United Nations, Bloomberg, Getty, Sunrise, Congress Locations: China, Paris, South Korea, Japan, Glasgow, Scotland, Tongling, United States, Beijing
A staff member stands beside the Taiwanese Central Bank logo in Taipei, Taiwan February 26, 2018. In the second quarter, the economy expanded 7.43% from a year earlier, slowing from 8.92% growth in the first quarter but still better than many of its regional peers. Export-dependent Taiwan also faces uncertainty about the spread of the Delta variant in key markets like China, the United States and Europe. The central bank will give its own revised forecast for economic growth this year on Thursday, having predicted a 5.08% expansion at its last quarterly meeting in June, with exports performing strongly. Poll compiled by Carol Lee; Reporting by Liang-sa Loh and Ben Blanchard; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.
Persons: Tyrone Siu, Tony Phoo, Biden, Carol Lee, Liang, sa Loh, Ben Blanchard, Ana Nicolaci da Organizations: Taiwanese Central Bank, REUTERS, Chartered's, Taiwan Semiconductor Manufacturing Co, Apple Inc, Thomson Locations: Taipei, Taiwan, TAIPEI, United, China, United States, Europe, Ana Nicolaci da Costa
The dollar index stood at 93.226 in early Asian trade, staying not far off Monday’s one-month high of 93.455. The euro changed hands at $1.1725, having stabilised at a one-month low of $1.1700 on Monday. The dollar traded at 109.165 yen, near the low end of its trading range since mid-August. Ahead of the onshore trading, the Chinese yuan was on the defensive at 6.4845 per dollar in the offshore trade, near one-month low of 6.4878 set on Monday. Elsewhere, the Canadian dollar stood little changed, having pared the gains made on Tuesday after Prime Minister Justin Trudeau’s Liberals won a tightly-contested election.
Persons: , Tohru Sasaki, JP Morgan, Evergrande, Powell, Morgan’s Sasaki, Justin Trudeau’s Organizations: The Bank of, JP, U.S . Federal Reserve, Canadian Locations: TOKYO, The Bank of Japan, U.S, United States
CANBERRA, Sept 22 (Reuters) - An Australian-EU trade deal would be mutually beneficial and allow EU members a greater presence in the Indo-Pacific, said Australia's trade minister, as Canberra tries to repair ties with Paris after the scrapping of a $40 billion submarine deal. In solidarity with France, EU lawmakers have publicly questioned whether a trade deal with Australia could be possible. Australia's Minister for Trade Dan Tehan on Wednesday urged the EU to progress ahead with a trade deal. Australia and the EU are set to hold the next round of talks on a trade deal on Oct 12. Morrison is in the United States to attend the quadrilateral security dialogue, made up of India, Japan, the United States and Australia - which convenes later this week.
Persons: Navy's Collins, Waller, Collins, Trade Dan Tehan, Tehan, Scott Morrison, Charles Michel, Morrison, Joe Biden, Emmanuel Macron, Colin Packham, Michael Perry Organizations: Royal, EU, Canberra, Paris, France's Naval Group, U.S, Trade, Wednesday, United Nations, Australia's, Thomson Locations: Sydney Harbour, CANBERRA, Australian, EU, Australia, France, United States, Canberra, Washington, New York, India, Japan
Migration police detain a person suspected of belonging to an international network for migrant trafficking, in La Cruz, Costa Rica July 30, 2019. The network handled migrants from Asian and African countries and to a lesser extent people from Cuba, Haiti and Venezuela, according to the Costa Rican security ministry. Panamanian authorities carried out 35 raids and 21 arrests, while on Costa Rican soil 15 operations were reported in border municipalities and another 21 people were captured. An investigation that lasted more than a year revealed that the organization charged each migrant $14,000 to $25,000 to take them to the United States, said Costa Rican Security Minister Michael Soto. In Panama, police agents also confiscated three vehicles and a boat used to transport migrants, the Public Ministry said in a statement.
Persons: Michael Soto, Alvaro Murillo, Elida Moreno, Drazen Jorgic, Stephen Coates Organizations: of Public Security, REUTERS SAN JOSE, PANAMA CITY, Costa, Costa Rican Security, Public Ministry, Thomson Locations: La Cruz, Costa Rica, PANAMA, Panama, United States, Cuba, Haiti, Venezuela, Costa Rican, San Jose, Panama City
Brazil's health minister tests positive for COVID-19 in NYC
  + stars: | 2021-09-22 | by ( )   time to read: +2 min
Brazil's Health Minister Marcelo Queiroga speaks during a ceremony at the Planalto Palace in Brasilia, Brazil, August 5, 2021. REUTERS/Adriano MachadoBRASILIA, Sept 21 (Reuters) - Brazil's Health Minister Marcelo Queiroga tested positive for COVID-19 hours after accompanying President Jair Bolsonaro to the United Nations General Assembly in New York on Tuesday, the government said. It added that the rest of the delegation tested negative for the virus. read moreThe health minister was the second member of the Brazilian delegation in New York to have tested positive. A young diplomat who was part of an advance team preparing Bolsonaro's visit tested positive on the weekend and was isolated.
Persons: Marcelo Queiroga, Adriano Machado BRASILIA, Jair Bolsonaro, Queiroga, Bolsonaro, Donald Trump, coronavirus, Trump, Anthony Boadle, Stephen Coates, Simon Cameron, Moore Organizations: Brazil's Health, REUTERS, United Nations General Assembly, CNN Brasil, COVID, Brazilian, Thomson Locations: Brasilia, Brazil, New York, United States, Lago, COVID
An employee works at a packaging line for chicken vaccine at Ringpu Biotech in Tianjin, China, September 8, 2021. The robot's Tianjin-based maker has received tax breaks and government-guaranteed loans to build products that modernise China's vast factory sector and advance its technological expertise. The share of strategic industries in Tianjin's factory output will also rise to 40%, Yin said, from 26.1% last year. Additionally, the trade war with the United States and Washington's tech curbs exposed China's lack of high-tech know-how, hardening Beijing's resolve to speed up innovation. 'SENSE OF CRISIS'Manufacturing's share of China's GDP fell to 26.2% in 2020 from 32.5% in 2006, while the services sector has lifted its contribution to 54.5% from 41.8%, according to the World Bank.
Persons: Tingshu Wang, Ren Zhiyong, Ren, Yin Jihui, outlays, Yin, ACHILLES, Hongbin, Fu Xubin, Xinquan, Kevin Yao, Sam Holmes Organizations: Ringpu Biotech, REUTERS, Tianjin Langyu, Reuters, Tianjin Industry, Information Technology Bureau, Sino, HSBC, World Bank, Officials, Reuters Graphics, China Institute, WTO Studies, University of International Business, Thomson Locations: Tianjin, China, TIANJIN, China's, U.S, United States, Beijing
Delta variant clouds developing Asia's growth outlook - ADB
  + stars: | 2021-09-22 | by ( )   time to read: +3 min
Growth in developing Asia, which groups 46 countries in the Asia-Pacific, is projected to reach 7.1% this year, the ADB said in an update to its Asia Development Outlook report, down from its 7.2% forecast in July and 7.3% in April. While seeing a slight downgrade, this year's growth estimate is a turnaround from the region's 0.1% contraction last year. For 2022, the ADB kept its 5.4% growth forecast for developing Asia. "Developing Asia remains vulnerable to the COVID-19 pandemic, as new variants spark outbreaks, leading to renewed restrictions on mobility in some economies," ADB Acting Chief Economist Joseph Zveglich said in a statement. The ADB also maintained its growth outlook for India at 10.0% this year and 7.5% next year.
Persons: Wang, Joseph Zveglich, Abdul Abiad, Abiad, Zveglich, Karen Lema, Ed Davies Organizations: REUTERS, Asian Development Bank, ADB, Asia Development, European Union, HK, Thomson Locations: Tianjin, China, Wang MANILA, Asia, United States, India, Myanmar
However, these ambitions could be hit as a natural gas shortage on the continent drives prices higher. The front-month gas price at the Dutch TTF hub, a European benchmark, has risen more than 250% since the start of the year. Spain is not the only country to cap energy price increases, with France and Greece making similar moves. There is a wider problem, however: Some European leaders and lawmakers have blamed the EU for the energy price increases. Polish Prime Minister Mateusz Morawiecki, for instance, said earlier this month that "Polish power prices are tied to the EU's climate policies," according to Politico.
Persons: Jacob Kirkegaard, Henning Gloystein, Frans Timmermans, Gloystein, Mateusz Morawiecki, Kirkegaard Organizations: NurPhoto, Getty, European, European Commission, German Marshall Fund of, United, Eurasia Group, CNBC, EU, Politico, PGE SA, Bloomberg, European Court, Justice Locations: Neurath, Germany, Dutch, European, United States, Spain, Europe, France, Greece, Spanish, Glasgow, Bogatynia, Poland, Krakow
The Genomic Map of Poland's concerns stem from questions over how Polish genomic data may be used that relate to national security, said Marek Figlerowicz, a Professor at the Institute of Bioorganic Chemistry at the Polish Academy of Sciences who steers the project. As the technology to sequence genetic data has advanced and become cheaper, Figlerowicz said, the mapping project plans to bring the remaining sequencing in-house. The project wants to ensure Poland has genomic "independence" so it can ensure data security. The European Union, which provided about 65% of the total funding for the Genomic Map, did not respond to a request for comment. BGI uses the pregnant women's genetic data for research into the traits of populations.
Persons: Kacper, Marek Figlerowicz, Figlerowicz, BGI, CEGC, Gene S.A, hasn't, Kirsty Needham, Sara Ledwith Organizations: REUTERS, China's BGI, Reuters, Institute of Bioorganic, Polish Academy of Sciences, U.S . National Security, Artificial Intelligence, Ministry of Foreign Affairs, Europe Genomics, Gene, European Union, Poland's Ministry of Education, Information Processing, People's Liberation Army, PLA, Thomson Locations: Warsaw, Poland, WARSAW, United States, Beijing, Bialystok, Europe, Poznan, CEGC, China, Sydney
“I just cry all the time because of my situation,” she said. On Thursday, Idaho state officials expanded “crisis standards of care” across the state, a standard that had been limited to the northern part of the state earlier in the month. With precious few available intensive-care beds, Idaho hospitals had largely stopped providing hernia surgeries or hip replacements before the new order. Now they are postponing cancer and heart surgeries, too, said Brian Whitlock, the chief executive of the Idaho Hospital Association. In Alaska, the state’s largest hospital, Providence Alaska Medical Center in Anchorage, has also begun rationing care as patients wait for hours to get to the emergency room and doctors scramble to find beds.
Persons: , ” Ms, Strong, Dave Jeppesen, Brian Whitlock, Matthias Merkel, emptively Organizations: Idaho Department of Health and Welfare, Idaho Hospital Association, Providence Alaska Medical Center, Oregon Health & Science University Locations: Georgia, United States, Idaho, Alaska, Providence Alaska, Anchorage, Portland
FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. It took aim at American Airlines, the largest airline in the world, saying the alliance would cost consumers hundreds of millions of dollars. "Plain and simple: American Airlines and JetBlue's Northeast Alliance is anticompetitive." Shares of American Airlines closed down 2.8% at $19.76 while JetBlue was down 4.8% at $14.76. This is not a merger: American and JetBlue are – and will remain – independent airlines."
Persons: Mike Blake WASHINGTON, Trump, Rob Bonta, Robin Hayes, Hayes, Biden, Boston Logan, John F, Doug Parker, Parker, Diane Bartz, David Shepardson, Jon Stempel, Mark Porter, Steve Orlofsky, David Gregorio Our Organizations: American Airlines Airbus, Los Angeles International, REUTERS, U.S . Justice Department, American Airlines Group Inc, JetBlue Airways Corp, U.S . Transportation, American Airlines, JetBlue, DOJ, Justice Department, Kennedy, Newark Liberty, American, United Airlines, Delta Air Lines, of, The, America, US Airways, Thomson Locations: Los Angeles , California, U.S, Northeastern U.S, Boston, California, United States, LaGuardia, New York, Arizona , California, of Columbia , Florida , Massachusetts, Pennsylvania, Virginia, American, Washington
WASHINGTON — Haitians deported from the U.S. on Tuesday assaulted the pilots on board one of the flights when it arrived in Port-au-Prince and injured three U.S. immigration officers, according to a source familiar with internal reports of the incident. Unrest broke out shortly after a flight carrying single adult men arrived and released the men to Haitian authorities on the airport tarmac. Then, according to the source, several of the men stormed another recently arrived flight carrying families. Three ICE officers were also attacked on that airplane, each suffering non-life-threatening injuries, the source said. As of Tuesday, just over 1,000 of the Haitian migrants had been deported to Haiti, according to two sources familiar with the operations.
Persons: Prince, Alejandro Mayorkas, Organizations: Immigration, Customs, ICE, Department of Homeland Security, Homeland, DHS Locations: U.S, Port, United States, congregating, Del Rio , Texas, Haiti, Del Rio
Under its current proposal, DraftKings plans to offer 28 pounds per Entain share, representing a premium of 46.2% to the UK firm's Monday close. Entain said it had earlier rejected a proposal from DraftKings to buy the company for 25 pounds ($34.15) per share. Entain's shares closed up 18% as the companies confirmed the approach, which would give the U.S. firm access to the Ladbrokes Poker and bwin online betting brands. read moreDemand for online betting boomed during the pandemic as customers took to playing from home when casinos and betting shops were off-limits. Entain said DraftKings had until Oct. 19 to make a firm offer for the company.
Persons: Simon Dawson, Entain, DraftKings, William Hill, Subrat Patnaik, Nivedita Balu, Krystal Hu, Yadarisa Shabong, Chavi Mehta, Ramakrishnan, Sriraj Kalluvila, Steve Orlofsky, Anil D'Silva Organizations: REUTERS, Ladbrokes, U.S, MGM Resorts International, MGM, NFL, NBA, DraftKings, RBC Capital Markets, Caesars Entertainment, Caesars, Golden Nugget, Gaming, Thomson Locations: Ladbrokes, London, Britain, British, U.S, United States, Bengaluru, New York
From 2001 through April, about 66,000 Afghan military and police members were killed in Afghanistan, alongside 2,448 U.S. service members. The abrupt U.S. exit from Afghanistan likely forced the Afghan military to fight under unfamiliar conditions, ultimately leading to collapse — and the humanitarian catastrophe we are now witnessing. Our military allies in both countries simply do not know how to fight effectively on more conventional battlefields without U.S. support. If we are willing to maintain huge troop numbers to support our allies in Europe and East Asia, then why not even a small footprint in the Middle East? Indeed, if we are willing to maintain huge troop numbers to support our allies in Europe and East Asia, then why not even a small footprint in the Middle East?
Persons: Joe Biden, ” Biden, Barack Obama, Donald Trump, Trump, quagmire, , “ Biden, Biden, Bashar al, Assad, Organizations: United Nations General Assembly, Afghan, U.S ., Islamic State, ISIS, Iraqi, Kurdistan Regional Government, Global Coalition, United, Syrian Democratic Forces, Coalition, NATO, East Locations: Afghanistan, , United States, U.S, Germany, Japan, South Korea, Russia, China, Iraq, United, Iraqi, Syria, Kobani, Turkish, Kabul, Europe, East Asia, North Korea, East
MSCI’s gauge of stocks across the globe edged up 0.13%, following Monday’s biggest percentage drop in two months. The Cboe Volatility Index fell 1.35 points to 24.36 after hitting a four-month high a day earlier. In currency trading, the dollar index fell 0.012%, with the euro down 0.03% to $1.1722. Benchmark 10-year U.S. Treasury notes last fell 5/32 in price to yield 1.3243%, from 1.309% late on Monday. U.S. crude settled up 0.4% at $70.56 per barrel and Brent settled at $74.36, up 0.6% on the day.
Persons: Wall, DAX, China Evergrande, Price, , Chuck Carlson, , Germany’s DAX, Justin Trudeau’s, Edward Moya, Brent Organizations: China, Horizon Investment, Dow Jones, Nasdaq, Federal, Treasury Locations: U.S, Britain, Japan, Europe, Evergrande, Beijing, Hammond , Indiana, Central, United States, New York
Some House Democrats objected to a provision in a stopgap spending bill to provide the additional funding so Israel can replenish its “Iron Dome” missile-defense system. The U.S. company Raytheon produces many Iron Dome components. That could set the stage for another dispute over military aid for Israel. The United States has already provided more than $1.6 billion for Israel to develop and build the Iron Dome system, according to a U.S. Congressional Research Service report last year. Israel said most of the 4,350 rockets fired from Gaza during the conflict were blown out of the sky by Iron Dome interceptors.
Persons: adjourn, Jamaal Bowman, ” Bowman, Yair Lapid, Israel Organizations: Democratic, Israel, U.S ., Raytheon, United, U.S, Congressional Research Service, Republicans, Israeli, Iron, Iron Dome Locations: WASHINGTON, Israel, U.S, United States, Gaza
An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. REUTERS/Loren Elliott/File PhotoSept 21 (Reuters) - The United States and several U.S. states on Tuesday filed an antitrust lawsuit against American Airlines Group Inc (AAL.O) and JetBlue Airways Corp (JBLU.O), according to records in Boston federal court. The lawsuit came after American's chief executive, Doug Parker, said he expected the U.S. government to challenge the carriers' partnership on antitrust grounds. Other plaintiffs in the lawsuit include Arizona, California, the District of Columbia, Florida, Massachusetts, Pennsylvania and Virginia, the court records show. Reporting by Jonathan Stempel in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Loren Elliott, Doug Parker, Jonathan Stempel, Leslie Adler Organizations: American Airlines Boeing, Sydney Airport, REUTERS, American Airlines Group Inc, JetBlue Airways Corp, of, Thomson Locations: Sydney, Australia, United States, Boston, Arizona , California, of Columbia , Florida , Massachusetts, Pennsylvania, Virginia, New York
U.S. debt limit is not a partisan issue, White House says
  + stars: | 2021-09-21 | by ( )   time to read: +1 min
Clouds pass over the White House in Washington, U.S., September 21, 2021. REUTERS/Joshua RobertsWASHINGTON, Sept 21 (Reuters) - President Joe Biden's administration will continue to argue that the U.S. debt limit is not a partisan issue and push Republicans and Democrats to vote to raise it, White House press secretary Jen Psaki said on Tuesday. "We will continue to make the case that it should be" raised, Psaki told reporters on board Air Force One. "It is not a partisan issue to want to protect the full faith and credit of the United States, and... we will continue to press for bipartisan support for moving forward." Republicans have refused to vote to increase the debt limit, citing Democrats' spending plans on infrastructure and social programs.
Persons: Joshua Roberts WASHINGTON, Joe Biden's, White, Jen Psaki, Psaki, Donald Trump's, Heather Timmons, Chris Reese, Dan Grebler Organizations: White, REUTERS, Air Force, Republicans, Thomson Locations: Washington , U.S, United States
FILE PHOTO: Small toy figures are seen in front of diplayed Zoom logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoWASHINGTON (Reuters) - A U.S. Justice Department-led committee is reviewing Zoom Video Communications Inc’s proposed $15 billion all-stock deal to buy cloud-based call center operator Five9 Inc, according to a letter filed with U.S. regulators. The Aug. 27 letter filed with the Federal Communications Commission said the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector -- known as “Team Telecom” -- is reviewing to see if the deal “poses a risk to the national security or law enforcement interests.”
Persons: Dado Ruvic, Communications Inc’s, Organizations: REUTERS, WASHINGTON, U.S . Justice Department, Communications, Five9, U.S, Federal Communications Commission, United States Telecommunications Services, “ Team Telecom ”
FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike BlakeWASHINGTON, Sept 21 (Reuters) - American Airlines Chief Executive Doug Parker said on Tuesday that he expected the U.S. Justice Department to file a lawsuit challenging American's (AAL.O) partnership with JetBlue Airways (JBLU.O) on antitrust grounds. The U.S. Justice Department said that it would have a major antitrust announcement on Tuesday. Shares of American Airlines were down 2.6 percent on Tuesday at $19.79 while those of JetBlue were down 4.6 percent at $14.79. read moreThe Biden administration has nominated Jonathan Kanter, an antitrust lawyer, to be the head of the Justice Department's antitrust division.
Persons: Mike Blake WASHINGTON, Doug Parker, Parker, It's, We've, Trump, Biden, Jonathan Kanter, Diane Bartz, David Shepardson, Mark Porter, Steve Orlofsky Organizations: American Airlines Airbus, Los Angeles International, REUTERS, American Airlines, U.S . Justice Department, JetBlue Airways, Washington Post, Street Journal, JetBlue, U.S . Transportation, American, United Airlines, Delta Air Lines, Northeast, Transportation Department, Newark Liberty International Airport, Thomson Locations: Los Angeles , California, U.S, U.S ., New York, Boston, United States, Delta, Washington
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