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Ahmed Farah, Somali-Dutch film producer and director of the film Ayaanle, is seen at a rooftop of a building in Eastleigh district of Nairobi, Kenya November 9, 2021. "I only have two lines," the character - whose name, Ayaanle, is also the film's title - complains bitterly. To recoup the bribe, he impersonates a member of Somalia's al Qaeda-linked al Shabaab insurgency to scam $500 from a gullible Western journalist. But there were upsides too: the Eastleigh community rallied around the film, donating refreshments, or homes to use as sets. Most of the crew and actors had experienced the kind of police harassment shown in the film, Abdirahman said, and many were nervous about publicly acting like terrorists - especially when police were around.
Persons: Ahmed Farah, Jackson Njehia, Allahu Akbar, Ayaanle, Barkhad Abdirahman, Philips, Tom Hanks, Farah, Abdirahman, Abdiraman, that's, Katharine Houreld, Raissa Organizations: REUTERS, National, Somali, Britain's, Eastleigh, MTV, Reuters, Thomson Locations: Somali, Dutch, Eastleigh district, Nairobi, Kenya, Jackson, Jackson Njehia NAIROBI, Hollywood, Finnish, Mogadishu, Eastleigh, Somalia's al Qaeda, Western, Jazeera, Somalia
HONG KONG — A Chinese fashion photographer has apologized after backlash over work she did for French luxury brand Dior. The picture featured a tan, freckled model of Asian descent wearing traditional Chinese clothing while holding a black Lady Dior bag. The photo was removed from display at a Dior fashion exhibition in Shanghai in the wake of the controversy. I think that I must still formally apologize to everyone,” Chen said as she addressed her followers on social media earlier this week. “Dior is unwaveringly loyal to Chinese consumers and society.”NBC News has reached out to Dior for comment.
Persons: Dior, Chen Man, , ” Chen, , Chen, Annie Leibovitz, she's, ” “ Dior, “ Dior, It’s, Gabbana Organizations: Dior, Twitter, Global Times, Communist Party, British, China, NBC, Nike, Burberry, Dolce Locations: HONG KONG, Shanghai, Weibo, China, Taiwan, Xinjiang
It wouldn’t be Thanksgiving without surprises from relatives — and turkeys certainly have surprising relatives: meat-eating theropod dinosaurs. Of course, it wouldn’t be Thanksgiving without surprises from relatives — and turkeys certainly have surprising relatives: meat-eating theropod dinosaurs like Tyrannosaurus rex. In fact, Tyrannosaurus rex, the king of the dinosaurs, and living turkeys shared a common ancestor about 190 million years ago. Tyrannosaurus rex. In the Late Cretaceous, the ancestors of modern turkeys were most likely in the Southern Hemisphere, thousands of miles from North America.
Persons: rex, dino granddaddies, Roger Harris, Tyrannosaurus, haven’t Organizations: Pilgrims, Northeastern, Getty, Southern, Southwestern Locations: New England, Plymouth , Massachusetts, , Northeastern U.S, South America, Asia, Western U.S, North America, Mexico, Southwestern U.S, U.S, Canada, Southeast Asia, Africa, India
With a market value of about $141 billion, stablecoins have become "too large to ignore," BofA says. The bank views regulation as the catalyst for the mass adoption of stablecoins and digital assets. Now, the same words are being used for the $141 billion stablecoin market. "Stablecoin regulation is a significant first step toward a comprehensive regulatory framework that encompasses the digital asset ecosystem," they wrote. The aforementioned US-listed buy-rated names could see market value expansion as a result of comprehensive stablecoin regulation, according to the note.
Persons: BofA, Alkesh Shah, Andrew Moss, stablecoins, Shah, Moss, WU Organizations: Bank of, Companies, Western Union, Mastercard, Visa, Signature Bank Locations: Moss
But missing even in more inclusive portrayals is a South Asian girl who is purely confident and clear about what she wants, viewers said. While the character’s Indian background isn’t the center of her college experience, she says South Asian women can pick up on the story behind her motivations. But with a generation of first-generation South Asian Americans becoming adults, characters like Bela might represent a turning point in how communities treat sexuality. Movies and shows in which South Asian characters are normal and desirable are slowly beginning to emerge, but it’s an area in which Hollywood has historically had a problem. Kaling’s last project, “Never Have I Ever,” marked a change — an open door for South Asian American main characters, Singh said.
Persons: Bela Malhotra, She’s, College Bela, Amrit Kaur, , Bela, Mindy Kaling’s, ” Kaling, , Harleen Singh, there’s, HBO Max, ” Singh, Trisha Sakhuja, unashamedly, Walia, ” Bela, Singh, “ It’s, Indiana Jones, that’s, Harry Potter, Parvati, Padma slink, Devi Organizations: College Girls, College, HBO, Brandeis University, Brown Girl, Hollywood, coy, South Locations: Vermont, Western, South, Bela, American
Interpol’s governing body gathers this week to choose a new president, one that Western governments hope will block authoritarian states from using the global law enforcement agency to pursue political dissidents across borders. The election will seat Interpol’s first full-term president since the last incumbent, senior Chinese security official Meng Hongwei, vanished during a 2018 trip home. Mr. Meng later appeared in court and was sentenced to 13 years imprisonment on bribery charges that his wife says were concocted by his political rivals in Beijing.
Persons: Meng Hongwei, Meng Locations: Beijing
Woodside Petroleum (WPL.AX) and BHP Group (BHP.AX) gave final backing on Monday to the $12 billion plan to develop the Scarborough natural gas field off Western Australia and expand the onshore Pluto LNG plant to process the fuel. Woodside expects to produce about 8 million tonnes of LNG per annum at the to-be-built second train at its Pluto liquefaction plant, and is targeting first cargo in 2026. Woodside argues that Scarborough contains "only around 0.1% carbon dioxide, and Scarborough gas processed through the efficient and expanded Pluto LNG facility supports the decarbonisation goals of our customers in Asia." FINANCINGWhile there is likely to be ongoing and highly visible opposition to Scarborough, there are also other concerns more behind the scenes. As part of the deal, Woodside entered into an agreement to sell 49% of the planned second LNG train at the Pluto processing plant to private equity group Global Infrastructure Partners (GIP).
Persons: David Gray, Woodside, GIP, Muralikumar Organizations: Australia's Woodside Petroleum, REUTERS, Woodside Petroleum, BHP Group, BHP, Register Scarborough, Woodside, Conservation Council, Western, Global Infrastructure Partners, Scarborough, Thomson Locations: Sydney, Australia, LAUNCESTON, Scarborough, Woodside, Western Australia, Asia, Japan, South Korea, Qatar, Russia
A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 28, 2021. REUTERS/Andrew KellySummary Banks extend gains as yields riseNovember PMI data due at 9:45 a.m. High-growth tech shares are sensitive to rising rates as investors discount future earnings against returns on debt. The Nasdaq (.IXIC) and the S&P 500 (.SPX) had slipped from record highs on Monday, as Powell's nomination prompted a volatile session. S&P 500 e-minis were down 1 points, or 0.02% and Nasdaq 100 e-minis were down 30.5 points, or 0.19%.
Persons: Andrew Kelly, Banks, Jerome Powell's reappointment, Morgan Stanley, Rick Meckler, Mizuho, Ambar Warrick, Devik, Maju Samuel Organizations: Wall, New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve,, Bank, withBank, Cherry Lane Investments, Dow e, Communications, Tesla Inc, Micron Technology, Western Digital Corp, Thomson Locations: New York City , New York, U.S, New Vernon , New Jersey, Bengaluru
Dollar Tree — Shares of the discount retailer added 5.5% after the company reported its latest quarterly results. Best Buy — Shares of Best Buy tumbled more than 14% amid worries over how rising shipping costs could impact the company's holiday season sales. Those concerns overshadowed better-than-expected quarterly earnings. Zoom Video — Shares of Zoom Video tanked more than 21% in midday trading after the video-chat company warned investors of a revenue growth slowdown. Burlington Stores — Shares of Burlington gained nearly 9% after the off-price retailer reported better-than-expected earnings.
Persons: Fitch, Medtronic, Smucker, Yun Li, Tanaya Macheel, Maggie Fitzgerald Organizations: Occidental Petroleum, APA Corp — Energy, White House, Strategic Petroleum Reserve, APA Corp, Wall, Digital, Micron, Western Digital, Deutsche Bank Research, Urban Outfitters, Dick's, Abercrombie, Revenue, Eagle Outfitters, Eagle, Burlington Locations: Occidental, U.S, China, Japan, Mizuho
Nov 23 (Reuters) - Analog Devices Inc (ADI.O) on Tuesday forecast fiscal first-quarter sales above Wall Street estimates as it said that hundreds of millions of dollars in investments would boost its chipmaking capacity. The company said it expects fiscal first-quarter sales and adjusted profits with midpoints $2.6 billion and $1.78 per share, versus analyst estimates of $2.49 billion and $1.70 per share, according to IBES data from Refinitiv. It said on Tuesday that it had spent $340 million in fiscal 2021 to expand internal production capacity. "So it's really taking an existing footprint, building it up further, and just bringing more of that critical ... capacity internal to ADI." Register now for FREE unlimited access to RegisterReporting by Stephen Nellis in San Francisco Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Vincent Roche, Stephen Nellis, Matthew Lewis Organizations: Devices, Refinitiv, Maxim Integrated, Reuters, San, Thomson Locations: Wilmington , Massachusetts, California, Beaverton , Oregon, Western U.S, San Francisco
The three companies were the biggest drags on the S&P 500 and the Nasdaq. The S&P 500 energy index (.SPNY) jumped over 3% and was the best-performing sector. read moreIn afternoon trading, the Dow Jones Industrial Average (.DJI) was up 0.29% at 35,721.95 points, while the S&P 500 (.SPX) lost 0.27% to 4,670.22. Declining issues outnumbered advancing ones on the NYSE by a 1.46-to-1 ratio; on Nasdaq, a 2.02-to-1 ratio favored decliners. The S&P 500 posted 12 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 47 new highs and 459 new lows.
Persons: Banks, Tesla, Jerome Powell, Joe Biden, , Sam Stovall, Goldman Sachs, Andrew Kelly, Ambar Warrick, Devik, Maju Samuel, Aurora Ellis Organizations: Microsoft, Dow, Nasdaq, Big Tech, Treasury, Apple, CFRA Research, JPMorgan, Bank of America, IHS, Dow Jones, Wall, New York Stock Exchange, REUTERS, Communications, Micron Technology, Western Digital Corp, Mizuho Bank, NYSE, Thomson Locations: New York, United States, New York City , New York, U.S, Bengaluru
Civil rights leader and attorney Luis Roberto Vera Jr. died Sunday after a long illness. The League of United Latin American Citizens, the nation’s oldest Hispanic civil rights organization, which was founded in 1929, announced his death. Vera died in San Antonio, the city of his birth, surrounded by his family, according to LULAC. Despite his illness, Vera was actively working as the organization’s counsel until very recently, according to the LULAC statement. Vera earned both an undergraduate and a graduate degree from St. Mary’s University and earned his law degree from Western New England University School of Law, according to San Antonio Report.
Persons: Luis Roberto Vera Jr, Vera, Luis, Sindy Benavides, Mexico's Ohtli, Elsie Valdes, Ramos, Cesar Chavez, Dolores Huerta, ” Rodolfo Rosales Jr, ” Rosales Organizations: League, United Latin American Citizens, LULAC, Mary’s University, Western New England University School of Law, San Antonio, NBC, Facebook, Twitter Locations: San Antonio, Texas, El Cenizo, Luis, Puerto Rico, LULAC’s Texas, St, Western
Russia rejects Western concerns about Ukraine as smokescreen
  + stars: | 2021-11-22 | by ( )   time to read: +4 min
Kremlin spokesman Dmitry Peskov dismissed U.S. media allegations of Moscow's purported plans to invade Ukraine as part of efforts to discredit Russia. Russia annexed Ukraine's Crimean Peninsula in 2014 and has supported a separatist insurgency that broke out that year in eastern Ukraine. Ukrainian Foreign Minister Dmytro Kuleba rejected the Russian allegations of Ukraine's plans to launch an attack on Donbas as part of Moscow's "disinformation." In a strongly-worded statement, the Russian Foreign Intelligence Service (SVR) scathingly criticized the U.S. State Department of spreading "absolute lies" about a purported Russian buildup near Ukraine. The SVR alleged that it was Ukraine that was beefing up its forces near Russia and Belarus.
Persons: Vladimir Putin, Dmitry Peskov, Moscow's, Antony Blinken, Peskov, Sergey Lavrov, Dmytro Kuleba, Kuleba, scathingly, Georgia Organizations: Security, Military Times, Ukrainian Defense Ministry, U.S, NATO, Russian, Twitter, Russian Foreign Intelligence Service, U.S . State Department, SVR, European, Georgian Locations: Moscow, Russia, Ukraine, Soviet, Ukraine's Crimean, Belarus, Zhytomyr, Kyiv, Ukrainian, Donbas, Russian, Georgia
The discovery also suggests that the ocean floor could be covered in paleontological treasures that will add to our knowledge of the deep past. But before the team could really advance the science, they’d have to head back out to sea to collect the rest of the tusk. On July 27, I boarded the Western Flyer, MBARI’s largest research vessel, with an assortment of other crew. Moon was able to extract just enough DNA from the broken tip to determine that the tusk came from a female mammoth. By the time the aquatic drone had reached its destination, the side of a seamount some 10,000 feet deep, the room was packed with scientists, engineers and members of the ship’s crew, all eager to witness the rediscovery of the tusk.
Persons: Daniel Fisher, Katherine Louise Moon, Moon, . Fisher, Terrence Blackburn, Haddock, Doc Ricketts, John Steinbeck Organizations: Western Flyer, University of Michigan, University of California Locations: North America, Santa Cruz
To understand what is happening to China — and, ultimately, to the world — it helps to understand what Xi himself thinks and believes. A red prince in powerLike his predecessors, Xi believes the world is moving toward a preordained, China-centric future led by the Chinese Communist Party. Xi believes that unless these forces are combatted, China's Communist Party will suffer the same fate as the Soviets. Until 2002, the Chinese Communist Party was led by men who had fought in the civil war that brought the party to power — the revolutionary generation. And now we have Xi, whose commitment to reigniting revolutionary fervor in Chinese society stems, in large part, from his upbringing.
Persons: , Xi Jinping, Mao Zedong, China —, Xi, Mao, Lee Miller, Hu Jintao, Xi Zhongxun, Lei Feng —, idolizing Lei Feng, Ju Peng, Deng Xiaoping, Deng, China hadn't, Mr, John Garnaut, Mao's, sissy, Lei Feng, Desmond Shum, Shum, Jack Ma —, Wanda, Ping, Anne Stevenson, Yang mused, Stevenson, Yang, Mark Schiefelbein, Miller, It's, Ali Wyne, haven't, China's, Joe Biden, Wyne, Biden, Lintao Zhang, defensiveness Organizations: Communist, Communist Party, Chinese Communist Party, Ministry of Education, China's Communist Party, CCP, China's Ministry of Education, European Union Chamber of Commerce, European Union, Eurasia Group, Beijing, Japanese Defense Ministry, US, Chinese Defense Ministry, Taiwan Locations: China, Beijing, Western, Shenzhen, Xinhua, USSR, Today's China, Hong Kong, Taiwan, South China, , Washington
What We Learned From Week 11 in the N.F.L.
  + stars: | 2021-11-21 | by ( Tyler Dunne | )   time to read: +1 min
This season, bludgeoning running attacks have paid off. Defenses have turned to deploying two-deep safety looks to diffuse the big-play potential of the league’s most potent quarterbacks — Patrick Mahomes, Josh Allen, Kyler Murray. front offices have also started drafting lighter, quicker defensive players capable of reacting to their improvisation. Sunday’s 41-15 win over the Buffalo Bills made this week’s biggest takeaway clear:Jonathan Taylor has entered the M.V.P. This season, it has taken a good two months for Taylor to calibrate with the Colts’ powerful offensive line.
Persons: — Patrick Mahomes, Josh Allen, Kyler Murray, N.F.L, Jonathan Taylor, Taylor, Jack Doyle, Tre’Davious White Organizations: Defenses, Indianapolis Colts, Buffalo Bills, Colts, Bills, Indianapolis, Buffalo Locations: Western New York
soil, many said they were beaten back by Polish forces — only to then face further violence when they tried to return to Belarus. Ahmed said he wanted to warn others not to risk the journey "because it is never possible to cross to the Polish border." “When we tried to cross the fence between Poland and Belarus, the Polish forces beat us to go back," he said. While much of the focus has been on the Polish-Belarusian border, asylum seekers have also described being taken to the Lithuanian border by Belarusian forces. Both said Belarusian forces removed the SIM cards from their phones and broke them, so they had no way of reaching others.
Persons: Alexander Lukashenko, Hussein Saadi Ahmed, Ahmed, , Khalid Razak, , ” Ahmed, Muhammad Hadi, ” Hadi, Poland’s, , Lukashenko, Vladimir Putin, Antony Blinken, Blinken, Putin, Katarzyna Staszewa, it’s, Maciej Szczęsnowicz, Szczęsnowicz, Ali Kazem Hussein, Ali, ” Ali Kazem Hussein, ” Hussein Organizations: NBC News, NATO, European Union, NBC, BBC, Reuters, Western Locations: BAGHDAD, Belarus, Europe, East, Iraq, Baghdad, Minsk, Poland, United States, Belarusian, E.U, Polish, Belarus’s, Lithuania, Latvia, , Ukraine, U.S, Nigeria, Bohoniki, Lithuanian
Sen. Sheldon Whitehouse is fighting to end the "dark money" that he says is plaguing the Supreme Court. "Our Supreme Court is awash in dark money influence," the Rhode Island Democrat said on the Senate floor on Tuesday. "Democrats have been overlooking the Supreme Court for a long time and are now getting a wake-up call," he said. Americans have caught sight of the politics that surround the Supreme Court and have formed negative impressions of the institution. Besides Congress, Whitehouse has also called on the White House to examine the role of dark money at the Supreme Court.
Persons: Sen, Sheldon Whitehouse, Whitehouse, it's, John Roberts, Stefani Reynolds, Donald Trump, Joe Biden, Amy Coney Barrett, Donald Trump's, Jabin, Getty Images Whitehouse, He's, Jonathan Adler, They're, they'd Organizations: Rhode, Rhode Island Democrat, Supreme, Harvard, U.S, Federalist Society, Democrats, Washington, Getty Images, Quinnipiac University, United, United States Supreme, Democratic, Biden's, Critics, Case Western Reserve University Locations: Mississippi, United States
Zuckerberg isn’t the first outsider to use money or power to snatch up large tracts of Hawaiian land, and he likely won’t be the last. In 2016, after several co-owners refused to sell, Zuckerberg and another co-owner, Carlos Andrade, sued for the remaining land. But the privacy-obsessed Facebook cofounder had a problem: His properties surrounded dozens of small parcels of “kuleana” land. ​​Zuckerberg “plants roots” on Kauaʻi Kauaʻi, known as the Garden Isle, is the fourth largest of the Hawaiian islands. The 592 acres Zuckerberg purchased in March came from the heirs of plantation owners involved in the overthrow of the Hawaiian Kingdom.
Persons: they’ve, they’re, ” Randy Naukana Rego, Maoli, LaBolt, Zuckerberg, Chan, , Kānaka Maoli, They’ve, Larry Ellison, Steve Case, Zuckerberg’s coplaintiff, Andrade, Ben LaBolt, Chan Zuckerberg, Carlos Andrade, Mark Zuckerberg, Priscilla Chan, ​ ​ Zuckerberg, Westerners, , Haunani, Kay Trask, Agnes Keaolani Marti, , Marti, Kini, Jimmy Pflueger, — Zuckerberg, “ Priscilla, ” Zuckerberg, we’re, Kauaʻi County’s, Derek Kawakami, ” Kawakami, Kalo, Hope, ” Marti, he's, Priscilla, ” LaBolt Organizations: state’s, Hawaiian Affairs, Environmental Protection, Meta, MEGA, Hawaii Community Foundation, Wilcox Medical Center, state’s Department of Land, Natural Resources, aloha, Organic Locations: Hawaiian, Hawaiʻi, , Kauaʻi, American, San Francisco, Palo Alto, Lake Tahoe , California, Oʻahu, Kauai
WASHINGTON (Reuters) -Canadian Prime Minister Justin Trudeau returned to Ottawa on Friday after failing to convince U.S. President Joe Biden to scrap proposed electric-vehicle tax credits that would favor American-based manufacturers, but said he would keep seeking a solution. Democrats in the U.S. House of Representatives on Friday passed here the $1.75 trillion domestic investment bill that includes the tax credits, sending it to the Senate where negotiations will continue. “There are a number of ways to look at solving this,” Trudeau said without elaborating, adding that Canada would continue to push to “find solutions”. Trudeau - who was in Washington to attend the first meeting here between the leaders of the United States, Canada and Mexico in five years - also met with Congressional leaders. Canada has indicated it would respond here if the tax credits are passed.
Persons: Justin Trudeau, Joe Biden, ” Trudeau, Biden, Trudeau, Brian Nichols, , Chrystia Freeland, Trudeau ”, Donald Trump Organizations: WASHINGTON, Canadian, Ottawa, U.S, U.S . House, General Motors Co, Ford Motor Co, Stellantis, White, Congressional, State, Western Hemisphere Affairs, Canadian Finance, Wednesday, Canada, Canadian Chamber of Commerce, Conservative Party, Mr, Washington Locations: U.S, Canada, Ontario, Washington, United States, Mexico, American
Credit... Leonhard Foeger/ReutersAustria will go into a nationwide lockdown on Monday and impose a coronavirus vaccination mandate next February, Chancellor Alexander Schallenberg said on Friday. It is the first such lockdown in a European nation since the spring, and the first national vaccine mandate on the continent. “Nobody wants a lockdown — the lockdown is the very last resort, a crude instrument,” Health Minister Wolfgang Mückstein said. The country, which registered 14,212 new coronavirus cases in 24 hours on Thursday, has one of Europe’s highest national infection rates. Austria also has one of the lowest vaccination rates in Western Europe, with 66 percent of the population fully inoculated.
Persons: Leonhard Foeger, Chancellor Alexander Schallenberg, Wolfgang Mückstein, Mr, Schallenberg, Organizations: ., Reuters, Locations: Vienna, Austrian, Reuters Austria, Austria, Western Europe
Austria announced a full coronavirus lockdown that would end on December 13 for vaccinated people. Officials announced the new restrictions on Friday. Around two-thirds of Austria's population is fully vaccinated, making the country one of the least vaccinated in Europe, Reuters reported. Earlier this week the country imposed a lockdown for unvaccinated people, but the high cases counts continued. Other European countries have announced new restrictions as virus numbers climb, but have not announced full lockdowns like Austria now has.
Persons: Alexander Schallenberg Organizations: Service, Austria, Die Presse, Officials, Reuters Locations: Austria, Europe, Austrian
During a speech Thursday to Russian diplomats, Mr. Putin signaled more openly than before that he was using his military to coerce the West to respect Russia’s interests in the region. He said that Western countries were finally recognizing that Russia was serious about defending its “red lines” that relate to the presence of NATO forces near its borders. “Our recent warnings have indeed been heard and are having a certain effect: tensions have risen there, after all,” Mr. Putin said. “It’s a regional security situation which is very worrying at the moment,” said Asta Skaisgiryte, the foreign policy adviser to the president of Lithuania, an E.U. and NATO member that has faced a wave of migration from neighboring Belarus in recent months.
Persons: Putin, ” Mr, , Asta Skaisgiryte Organizations: NATO Locations: Russia, , Belarus, Russian, Western, Lithuania
The used oil is also valuable, and thieves have been stealing it from restaurant dumpsters. See all newslettersVegetable oil prices are soaring, and it's leading to restaurants hiking food prices and thieves reselling stolen oil. But the used oil is valuable in its own right: Used cooking oil is collected and recycled to make diesel fuel. Selling the used oil has become so lucrative that there's been an uptick in thieves breaking into dumpsters, stealing the fry oil, and reselling it, according to the Journal. High oil prices, plus the thefts of used oil, are just two of the many issues plaguing restaurants right now.
Persons: Jesse Newman, Heather Haddon, The, there's, Sumit Majumdar, Majumdar, it's Organizations: Twitter, Texas, Bureau of Labor Statistics Locations: Buffalo, Western New York, New York
FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason ReedThe A$12.50-a-share proposal, disclosed by Crown on Friday, is the third from Blackstone and pushed Crown’s shares 17% higher. Crown had favoured Star’s buyout approach over an earlier Blackstone proposal, but Star’s troubles threaten to derail any attempt to reopen talks and Blackstone’s latest proposal matches Star’s cash option. Crown said its board would consider the latest Blackstone proposal although it had not yet formed a view on its merits. A spokesperson for Blackstone, Crown’s second biggest shareholder with 9.99% of its shares, confirmed the offer without commenting further.
Persons: sweetening, Jason Reed, James Packer, Crown, , Steve Johnson, Johnson, Blackstone, Crown’s Organizations: SYDNEY, Investment, Blackstone Group Inc, Crown Resorts Ltd, REUTERS, Blackstone, Star Entertainment Group Ltd, Forager Funds, Star, Crown Locations: Melbourne, Australia, Australian, Western Australia, New South Wales, Victoria
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