DIRS.INFO The most relevant business & tech news

☆ Standard Chartered says Japan 'very, very close' to yen intervention
▼ + stars: | 2024-03-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

Japan is "very, very close" to intervening in the yen, Steven Englander, head of Global G10 FX research and North America macro strategy at Standard Chartered Bank, told CNBC as the currency languishes at multi-decade lows. "I think we're actually very, very close to them [Japanese authorities] jumping in ... they've already discussed the political consequences and nobody's sitting there asking for a weaker yen," Englander told CNBC's "Squawk Box Asia" on Thursday. The Japanese yen traded around 151.47 against the U.S. dollar on Thursday after falling to its weakest level in 34 years at 151.97 in the previous session. Standard Chartered's Englander said potential intervention in the yen would be aimed at buying time for Japanese authorities until the U.S. Federal Reserve starts cutting interest rates or until the Bank of Japan hikes its rates a little more. He further noted that when Japanese authorities last intervened in the yen in 2022, it "worked out pretty well," even though investors were initially skeptical of the effectiveness of such currency intervention.

Persons: Steven Englander, they've, nobody's, Englander, CNBC's, Shunichi Suzuki, Masato Kanda, Yoshimasa Hayashi Organizations: Global, Standard Chartered Bank, CNBC, U.S, Reuters, U.S . Federal Reserve, Bank of Japan Locations: Japan, North America, .

☆ The U.S. Investors Caught in the Scrum Over TikTok
▼ + stars: | 2024-03-26 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

For years, the U.S. investors who backed ByteDance, the Chinese internet company that owns TikTok, have wrestled with the complexities of owning a piece of a geopolitically fraught social media app. A bill to force ByteDance to sell TikTok is winding its way through the Senate after sailing through the House this month. In December, a Missouri pension board voted to divest from some Chinese investments, following political pressure from the state treasurer. The Beijing-based company has grown into one of the world’s most highly valued start-ups, worth $225 billion, according to CB Insights. That’s a boon, at least on paper, for U.S. investors who put money into ByteDance when it was a smaller company.

Persons: it’s, ByteDance, Biden Organizations: Senate, General Atlantic, Susquehanna International Group, Sequoia Capital, Administration, U.S Locations: U.S, China, Missouri, Florida, Beijing, ByteDance

☆ Pentagon Review Faults No One for Failure to Disclose Austin’s Illness
▼ + stars: | 2024-02-26 | by ( Helene Cooper | ) www.nytimes.com time to read: +1 min

Few expected the Pentagon’s internal review of Defense Secretary Lloyd J. Austin III’s failure to tell President Biden and other senior leaders that he was in the hospital to amount to much. And indeed, it did not. The unclassified version of the review was released on Monday. The review instead retreats behind paragraphs of heavy legalese that do little to disguise the lack of accountability. It is a strange document, with recommendations signed by Mr. Austin himself.

Persons: Lloyd J, Austin III’s, Biden, Austin, Walter Reed Organizations: Defense Department, White, Walter Reed National Military Medical, Mr Locations: Bethesda, Md

☆ First on CNN: Top US humanitarian official to travel to Middle East this week
▼ + stars: | 2024-02-25 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +4 min

CNN —The US government’s top humanitarian aid official will travel to Israel, the West Bank, and Jordan this week in an effort to address the humanitarian crisis in Gaza that is veering into catastrophe. Power will “underscore the importance of protecting civilians and aid workers in accordance with international humanitarian law,” the spokesperson said. Power is the latest Biden administration to travel to the region to emphasize the US’ strong concerns over the deepening humanitarian crisis in the war-torn strip. Although the Biden administration has become increasingly critical of the toll of the Israeli offensive, it remains at odds with the international humanitarian community and nations like Jordan by vetoing calls for an immediate ceasefire. Ongoing outrage over the administration’s continued support for the Israeli military offensive threatens to be a political problem for Biden in an election year.

Persons: Samantha Power, “, Biden, –, Joe Biden, vetoing, ”, ” Christopher Lockyear Organizations: CNN, West Bank, US Agency for International Development, USAID, Palestinian Authority, Hamas, Biden, UNRWA, Congress, United Nations, Doctors, UN Locations: Israel, Jordan, Gaza, ”, Rafah, Michigan, States

House Speaker Mike Johnson has known, as so many of us have, that the Mayorkas impeachment was doomed to fail from the start. But at its core, impeachment is a political process, not a legal one. Over the past year, Congress’ use of impeachment has gone from merely political to politically gratuitous. House Republicans opened an impeachment inquiry into President Biden himself last year over only the murkiest of corruption charges. The Mayorkas impeachment is, in essence, about policy disagreements that Republicans would like to air to the public in an election year.

Persons: Alejandro Mayorkas, Mayorkas, Mike Johnson, we’ve, Tyler Hughes, Gregory Koger, Barack Obama’s, – Obama, Donald Trump, Impeaching Mayorkas, Bill Clinton, Trump’s, Biden, Trump Organizations: U.S . House, Homeland, Republicans, Democrat, Louisiana Republican, White House, California State University – Northridge, University of Miami, Biden, it’s, Trump Locations: Louisiana, Ukraine, Israel

Yet it almost felt that way during Stewart's return to “The Daily Show” Monday night. Neither will that night prove Stewart can regain the position of prominence he stepped away from in August 2015. He moved swiftly into the news, and up-to-date doings of President Joe Biden and his Republican rival. “The Daily Show” even found one where Trump said he couldn't remember talking about how good his memory is. The “campaign” interlude allowed Stewart, and viewers who had drifted away from “The Daily Show” after he left, to become acquainted with unfamiliar cast members.

Persons: Jon Stewart, Stewart's, Stewart, Trevor Noah, ” Stewart, MSNBC's Rachel Maddow, Joe Biden, Robert Hur's, “ Joe Biden, ”, Biden, Kamala Harris, Donald Trump, Trump, ” Deggans, “, ” Jeremy Egner, Correspondent Dulce Sloan, Jordan Klepper, Jon Stewart ”, ___ David Bauder Organizations: Comedy Central, Central, Republican, The New York Times, Correspondent, Apple, Associated Press Locations: China

☆ US Underlines to Israel It Must Stick to International Law on Weapons
▼ + stars: | 2024-02-09 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +3 min

By Steve HollandWASHINGTON (Reuters) - The United States has briefed Israel on a new U.S. national security memorandum that reminds countries receiving U.S. weapons to stick to international law, the White House said on Friday. The Israeli assault was launched in response to a Hamas attack on Israel in which Israel says 1,200 people were killed. "Instead we are spelling publicly the existing standards by the international law including the law of armed conflict." One section of the memorandum reminds recipients of U.S. military aid to "respect their obligations under international law and reduce the risk of civilian harm." Even if states say they are acting in self-defense, international rules regarding armed conflict apply to all participants in a war.

Persons: Steve Holland WASHINGTON, Israel, Biden, Karine Jean, Pierre, Jean, Joe Biden, Steve Holland, Heather Timmons, Rosalba O'Brien Organizations: United, House, Hamas, Leftist Democrats, Arab, Biden, U.S Locations: United States, U.S, Israel, Gaza, Washington, Dearborn , Michigan

The 30-day review was submitted to Austin on Thursday. Maj. Gen. Pat Ryder, the Pentagon press secretary, said portions of the review are classified but the department will release what it can of the review. Photos You Should See View All 21 ImagesIt took another four days before the reason for his hospitalization was disclosed. The review was directed on Jan. 8, by Austin's chief of staff, Kelly Magsamen, and was done by Jennifer Walsh, the Pentagon's director of administration and management. She said it must examine the existing process for when a secretary transfers decision-making authorities and who should be notified, and make recommendations for improvement.

Persons: Lloyd Austin, Pat Ryder, Austin, Ryder, Joe Biden, Kathleen Hicks, Kelly Magsamen, Jennifer Walsh, Magsamen Organizations: WASHINGTON, Pentagon, Austin, National Security Council, Joint Chiefs of Staff Locations: Maj

☆ House rejects Israel aid bill amid fight over bipartisan border package
▼ + stars: | 2024-02-06 | by ( Summer Concepcion | Megan Lebowitz | ) www.cnbc.com time to read: +6 min

The House failed to pass a standalone bill to provide aid to Israel amid congressional infighting over a bipartisan Senate border bill that also included foreign aid to Israel, Ukraine and Taiwan. The Senate released the text of the bipartisan border bill Sunday, which combines Israel and Ukraine with a package of stricter border security and asylum laws. The standalone Israel bill includes $17.6 billion in military aid to the country "as well as important funding for U.S. The Israel aid bill comes as Republican hard-liners try to thwart the $118 billion bipartisan Senate border bill. House Democratic leadership came out against the stand-alone Israel bill Tuesday morning.

Persons: Mike Johnson, Amir Ohana, Jim Himes, Donald Trump, Ken Calvert, Johnson, Kay Granger, Joe Biden, Biden, — Johnson, Steve Scalise, Tom Emmer, Elise Stefanik, ", Hakeem Jeffries, Katherine Clark of, Pete Aguilar, MAGA, Israel Organizations: U.S, Capitol, Minnesota Democrat, Democratic, House Intelligence, Intelligence, Republicans, Saturday, Senate, U.S . Forces, Israel, United States, Management, Republican, GOP, House Republicans, Freedom Caucus, Caucus Locations: Washington , U.S, Jim Himes of Connecticut, Israel, Ukraine, Taiwan, R, Texas, United, Johnson's speakership, Louisiana, Minnesota, New York, United States, Katherine Clark of Massachusetts, Pete Aguilar of California, East

☆ Group of Democrats call on Blinken to provide answers on bypassing Congress to approve arms sales to Israel
▼ + stars: | 2024-01-30 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +6 min

CNN —A group of 19 predominantly Democratic lawmakers is calling on Secretary of State Antony Blinken to provide answers about why he bypassed Congress last month to approve arms sales to Israel. The top US diplomat made two emergency determinations in December to immediately approve the transfer hundreds of millions of dollars in military equipment to Israel. In their letter, the lawmakers noted the rarity of administrations using emergency declarations to immediately approve arms sales without congressional approval. “Use of a national emergency waiver does not exempt the U.S. government from assessing whether arms sales are consistent with” those standards, they wrote. I would say that the process that the secretary followed and the process that we follow here at the State Department is the process that the law actually prescribed,” Miller said at a State Department briefing.

Persons: Antony Blinken, Blinken, Joe Biden, Independent Sen, Bernie Sanders, Democratic Sens, Elizabeth Warren, Jeff Merkley, Peter Welch, James McGovern, Earl Blumenauer, Joaquin Castro, Judy Chu, Raúl, Pramila Jayapal, Barbara Lee, Betty McCollum, Chellie Pingree, Mark Pocan, Delia Ramirez, Jan Schakowsky, Jill Tokuda, Maxine Waters, Eleanor Holmes Norton, Leahy, credibly, “ Israel, ”, ’, “, Matt Miller, ” Miller Organizations: CNN, UN, Independent, Democratic, State Department, Leahy, ”, Department Locations: Israel, Gaza, Hamas

U.S. President Joe Biden speaks to United Auto Workers members at the UAW's Community Action Program (CAP) legislative conference in Washington, U.S., January 24, 2024. The United Auto Workers union is endorsing President Joe Biden for reelection this year, UAW President Shawn Fain announced Wednesday at a union conference in Washington, D.C."Today, I'm proud to stand up here with your International Executive Board and announce that the UAW is endorsing Joe Biden for President of the United States," Fain said. "We will reelect Joe Biden." "Look, I kept my commitment to be the most pro-union president ever," Biden said following the endorsement announcement. Biden threw his own punches at Trump, who he expects to face in a general election rematch in November.

Persons: Joe Biden, Shawn Fain, Fain, reelect Joe Biden, shouldn't, Biden, Nikki Haley, Trump, Donald Trump Organizations: United Auto Workers, International, UAW, Democratic, New, Trump, South Carolina Gov, Republican Locations: Washington , U.S, Washington ,, United States, New Hampshire, Michigan, Detroit, America

☆ Ukraine’s US lifeline is hanging by a thinning thread
▼ + stars: | 2023-12-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

In a grave blow to its prospects, Ukraine aid has now been embroiled by Republicans in a separate imbroglio over immigration. While Ukraine’s survival is at stake, so is the reputation of the United States as a global leader. Johnson may struggle to retain his tenuous hold on his job if he uses Democratic votes to pass a Ukraine funding package. The Ukraine aid package is now caught in the most intractable US political issue — immigration. “We are at a moment in history.”But a group of Republican senators who normally back Ukraine aid signaled Monday they couldn’t move forward without immigration changes attached to the measure.

Persons: Vladimir Putin’s, Joe Biden, Israel —, “, Jake Sullivan, Vladimir, ”, Sullivan’s, Shalanda Young, Mike Johnson, United States Oksana Markarova, CNN’s Wolf, Volodymyr Zelensky, Lloyd Austin, Zelensky, Donald Trump, Putin, Trump –, Republican Sen, Jim Risch of, “ Vladimir Putin, …, he’s, outlasting, ” Risch, Ben Hodges, ” Hodges, Johnson, Biden, Chuck Schumer, Texas Sen, John Cornyn Organizations: CNN, White, of Management, GOP, Wing, Kremlin, Trump, Republican, Intelligence and Foreign Relations, Halifax International Security, US Army, of, Republicans, Democratic, New York Democrat, Texas, Ukraine, US Defense Department, Internal Revenue Service, – Locations: Israel, Ukraine, Russian, U.S, United States, Russia, Moscow, North Korea, Iran, Kyiv, Washington, China, Jim Risch of Idaho, Canada, Ret, — Washington, Berlin, Paris, London, of America, Europe, Crimea, Ukrainian, Mexico, Taiwan

☆ Benko's complex web at Signa - from Chrysler building to Berlin landmark
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +6 min

SIGNA PRIME/PROPERTY PORTFOLIOAccording to Signa, Prime is the group's largest company in its real estate division, valued at around 20.4 billion euros ($22.23 billion). Since 2019 Signa Holding has also been a co-owner of New York's iconic Chrysler Building. TRADING/RETAIL COMPANIESBenko has bundled his trading interests under the divisions Signa Retail and Signa Premium. In Switzerland, Benko's trading investments are bundled into Signa Retail Selection AG, which filed for bankruptcy protection on Wednesday. In 2018, Signa Holding bought around 24% stake in Austrian daily newspapers "Krone" and "Kurier" from Funke media group.

Persons: Lisi Niesner, Rene Benko, Ernst Tanner, Hans Peter Haselsteiner, Torsten Toeller, Arthur Eugster, SIGNA, Signa, Otto Wagner, Benko's, Klaus, Michael Kuehne, Kuehne, Hamburg's, Chirathivat, Benko, Frasers, Kaufhof, Karstadt, Galeria, Alexandra Schwarz, Goerlich, Mattias Inverardi, Victoria Farr, Emma, Rachel More, Elisa Martinuzzi, Tomasz Janowski Organizations: Signa, REUTERS, Chrysler, Bank Austria, Femina, Chrysler Building, . Central Group, Globus, Selfridges, Central Group, Funke, Thomson Locations: Berlin, Germany, New, Britain's Selfridges, Innsbruck, Swiss, Vienna, Hamburg, KaDeWe, Oberpollinger, Munich, Vienna's, Tyrol, Essen, Duesseldorf, London, Switzerland

☆ UK's Frasers plans to buy SportScheck assets out of administration
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

'SportScheck' store is seen closed due to the coronavirus disease (COVID-19) pandemic in Munich, Germany, February 5, 2021. REUTERS/Michaela Rehle/File Photo Acquire Licensing RightsNov 30 (Reuters) - British sports and fashion group Frasers (FRAS.L) said on Thursday it will seek to buy SportScheck's business and assets out of administration after the German sporting goods retailer filed for insolvency. Signa on Wednesday filed for self-administered reorganisation proceedings, and media reports followed on Thursday that SportScheck would also file for insolvency. Frasers confirmed SportScheck's administration in its statement and said it exercised its rights under its agreement with Signa to withdraw from the deal. However, the London-listed group said it intends to work with SportScheck's appointed administrator to purchase its business and assets.

Persons: Michaela Rehle, Frasers, Signa, SportScheck, SportScheck's, Sri Hari, Krishna Chandra Organizations: REUTERS, SportScheck, Retail, Sports, Sri, Thomson Locations: Munich, Germany, London, SportScheck, Bengaluru

Borrell said all EU members attending the meeting of Mediterranean nations in Barcelona and almost all attendees overall had agreed on the need for a two-state solution. In response to that attack, Israel bombarded the enclave and mounted a ground offensive in the north. A two-state solution envisages a state for the Palestinians in the West Bank and Gaza Strip alongside Israel. Saudi Foreign Minister Prince Faisal bin Farhan spoke as a representative of a group of ministers from the Arab League and the Organisation of Islamic Cooperation. Jordan's Safadi added, however: "Some among us are still refusing to call for a ceasefire... We demand it be implemented immediately."

Persons: Josep Borrell, Mohammad Shtayyeh, Nasser Nasser, Borrell, Ayman Safadi, Riyad al, Maliki, Prince Faisal bin Farhan, Jordan's Safadi, Joan Faus, David Latona, Aislinn Laing, Ed Osmond, Alex Richardson, Nick Macfie Organizations: Palestinian, West Bank, Rights, European Union, Palestinian Authority, Hamas, Reuters, Union of, Saudi Foreign, Arab League, of Islamic Cooperation, Thomson Locations: Ramallah, Rights BARCELONA, Spain, Palestinian, Gaza, Barcelona, Israel, Jordanian, Qatar, Egypt, United States

☆ The US government won’t quit Elon Musk
▼ + stars: | 2023-11-20 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +5 min

CNN —Condemning Elon Musk is easy. On Friday, the White House joined the uproar over Musk’s endorsement of an antisemitic conspiracy theory on X. On Monday, the White House announced it would be joining X rival Threads, which is owned by Meta, as backlash to Musk intensifies. Musk faced backlash a year ago when he had complained about the cost of that service. The White House bragged early this year that after months of negotiations, Tesla would open up part of its charging network to non-Tesla EVs.

Persons: Elon, Andrew Bates, Bates, Musk, ”, David Sanger, Eric Lipton, ” John Kirby, ” Kirby, Kirby, CNN’s Kristin Fisher, Pat Ryder, Lloyd Austin, He’s, CNN’s Chris Isidore, Tesla Organizations: CNN, NASA, Pentagon, Twitter, White House, Warner Bros, Meta, New York Times, White, SpaceX, National Security, House, Reliant, SpaceX The, Starlink, ” Locations: Ukraine

And the White House and Pentagon both know that. Mr. Musk, rather than apologize, has threatened lawsuits. But SpaceX is privately held, entirely controlled by Mr. Musk. (Tesla, his electric vehicle company, is publicly held.) And so far, while the White House has been outspoken, the Pentagon has been silent.

Persons: Musk, Lockheed Martin —, Tesla, ” Walter Isaacson, Musk’s, ”, Lockheed Martin Organizations: House, Pentagon, Raytheon, Boeing, Lockheed, IBM, Apple, Warner Bros, Twitter, SpaceX, Mr, White, U.S, United Launch Alliance Locations: United States

☆ Indian authorities contact Thai cave rescue team as urgency increases to reach trapped men
▼ + stars: | 2023-11-16 | by ( Rhea Mogul | ) edition.cnn.com time to read: +6 min

Rescue teams inside the Uttarakhand tunnel on November 14, 2023. Uttarakhand State Disaster Response Force/Handout/ReutersAuthorities said they were exploring all options to reach the men, including contacting teams experienced in delicate rescue missions. “The rescue team has contacted the Thailand company which had rescued the children trapped in the cave,” it added. Twelve boys and their soccer coach were rescued after nearly three weeks trapped inside the flooded Tham Luang cave by a specialist cave diving team in 2018. Indian authorities have also reached out to the Norwegian Geotechnical Institute (NGI) to get advice, the statement said.

Persons: ”, Kirti Panwar, NGI, “, –, Manish Khalkho, ” Khalkho, B.S, Pokriyal, Narendra Modi’s Char Organizations: New, New Delhi CNN, Thai, soccer, Disaster, Reuters Authorities, Uttarkashi, CNN, Institute, Indian Railways, Authorities, India’s, Management Authority, Rescuers, National Highways, Infrastructure Development Corporation Locations: New Delhi, Uttarakhand, Norway, Thailand, Thai, Narendra Modi’s Char Dham, China, India, Mizoram, Bihar

☆ Amazon to Stop Selling Seven Eyedrops After F.D.A. Warning
▼ + stars: | 2023-11-15 | by ( Amanda Holpuch | More About Amanda Holpuch | ) www.nytimes.com time to read: +1 min

Amazon said on Wednesday that it was removing seven eyedrops products from its website after the Food and Drug Administration warned the company that the eyedrops had not been recognized as safe and effective. said in a letter to Andrew Jassy, Amazon’s chief executive, on Monday that Amazon had violated federal regulations by selling the eyedrops, which claimed to help with problems including pink eye, dry eyes, eyestrain and floaters. “These products are especially concerning from a public health perspective,” the F.D.A. letter said. “Ophthalmic drug products, which are intended for administration into the eyes, in general pose a greater risk of harm to users because the route of administration for these products bypasses some of the body’s natural defenses.”The eyedrops named in the letter are: Similasan Pink Eye Relief, The Goodbye Company Pink Eye, Can-C Eye Drops, Optique 1 Eye Drops, OcluMed Eye Drops, TRP Natural Eyes Floaters Relief, and Manzanilla Sophia Chamomile Herbal Eye Drops.

Persons: Andrew Jassy, Manzanilla Sophia Organizations: Food and Drug Administration, Amazon, Eye

☆ Trump’s extreme rhetoric conjures the prospect of a presidency like no other
▼ + stars: | 2023-11-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —Donald Trump is promising a second presidency that would be an aberration in American history. And Trump’s ambitions should be taken seriously because one year from the election, President Joe Biden’s reelection hopes are far from secure. He dehumanizes his political enemies, has discredited the legal, political and electoral system, has demonized the press and has targeted vulnerable members of society, minorities and immigrants, as scapegoats. With questionable historic comparisons, Trump’s critics only fuel his bid to provoke the outrage that is essential to his political appeal. Nikki Haley have only criticized Trump obliquely, understanding there’s no market in the modern Republican Party for confronting Trump’s lawlessness.

Persons: Donald Trump, Trump, Joe Biden’s, “, ” Trump, ”, “ Donald Trump parroted, Adolf Hitler, Benito Mussolini, Ammar Moussa, he’s, he’ll, else’s, Biden, —, Bill Clinton, Barack Obama, there’s, Bob Dole, Mitt Romney, institutionalists, Republican Party isn’t reining, Trump’s, Mike Pence, Chris Christie, Asa Hutchinson, Ron DeSantis, Nikki Haley, South Carolina Sen, Tim Scott, Susie Wiles, Chris LaCivita, …, Mark Milley, who’s, Jack Smith’s, –, Abraham Lincoln’s, George Washington’s, ” Smith Organizations: CNN, White, Veterans, Trump, New York Times, Republican, Democratic, Capitol, Republican Party, GOP, Florida Gov, South Carolina Gov, Justice Department, Conservative Political, Conference, Univision, Joint Chiefs, Staff, NBC News, MSNBC, Abraham Lincoln’s Gettysburg Locations: New Hampshire, Gaza, Ukraine, China, Russia, Europe, America, South Carolina

☆ Sweet spot for HRT may reduce dementia risk by nearly a third, study says
▼ + stars: | 2023-11-02 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

Just how harmful or helpful hormone replacement therapy may be also depends on the type of hormones that are prescribed, especially at older ages. Estrogen-only hormone therapy can be prescribed if the uterus has been removed via hysterectomy. Scientists are developing a new generation of hormone replacement called selective estrogen receptor modulator, or SERM. Scientists are working on new forms of hormone replacement therapy that go directly to the brain, thus making them safer for menopausal women. In addition, some women are not candidates for hormone replacement therapy, perhaps due to family history, heart conditions or clotting disorders.

Persons: hasn’t, “, ”, Lisa Mosconi, Mosconi, Richard Isaacson, ” Isaacson, gynecologists, midlife, ” Mosconi Organizations: CNN, Weill Cornell Medicine, “ Locations: New York City, midlife, Florida

☆ Virginia Erroneously Purged Nearly 3,400 From State’s Voter Rolls
▼ + stars: | 2023-11-01 | by ( Chris Cameron | More About Chris Cameron | ) www.nytimes.com time to read: +1 min

Election integrity has become a key issue in Virginia, with conservative activists using next week’s election as a testing ground for a larger strategy to detect voter fraud in the 2024 election. The affected voters were people previously convicted of felonies who had their voting rights restored after completing their sentences, according to the state’s Department of Elections, and a software error misclassified probation violations as new felonies that would automatically strip the residents of their voting rights under Virginia law. Mr. Youngkin, who took office last year, had rescinded policies enacted by previous governors that automatically restored voting rights to residents who had completed felony sentences. Lyn McDermid, Virginia’s secretary of administration, said that the governor had asked the state’s inspector general to investigate the “causes and circumstances” of the purge of the voter rolls. The potential election impact is likely to be small among the more than six million Virginians registered to vote.

Persons: Brennan, Youngkin, Lyn McDermid, Ragnar Organizations: state’s Department, Elections, Brennan Center for Justice, Virginians, Ragnar Research Partners Locations: Virginia

☆ Shein acquires British fast fashion brand Missguided as it looks to expand global reach
▼ + stars: | 2023-10-30 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Shein has bought British fast fashion brand Missguided from the Frasers Group as the company looks to expand its market share and global reach ahead of a rumored U.S. initial public offering, the companies announced Monday. As part of the deal, Shein will license Missguided's intellectual property to Sumwon Studios, a joint venture between Shein and Missguided founder Nitin Passi. Sumwon will manage and operate the Missguided brand. The brand gained prominence when it went viral for selling £1 bikinis and became a major player in British fast fashion. "Shein aims to reignite the Missguided brand, capitalising on its unique brand personality, and fuelling its global growth through SHEIN's on-demand production model, unparalleled e-commerce expertise and global reach."

Persons: Shein, Frasers, Nitin Passi, Sumwon, Missguided, Donald Tang Organizations: Frasers Group, Sumwon Studios, Frasers, Forever, Sparc Group, Authentic Brands Group, Simon Property, CNBC Locations: British, Shein, SHEIN's

Energy Secretary Jennifer Granholm will be in Arizona to talk about power grid and clean energy investment in the rural Southwest. Veterans Affairs Secretary Denis McDonough plans to visit Iowa to discuss improving access to medical care for veterans in rural areas. Health and Human Services Secretary Xavier Becerra will be in North Carolina talking about health care access in rural areas. Acting Labor Secretary Julie Su will be in Pennsylvania to discuss boosting employment opportunities in rural areas. U.S. Trade Representative Katherine Tai will head to Indiana to discuss how international trade can benefit rural farmers and producers.

Persons: Joe Biden, Dean Phillips of, Biden, Phillips, Tom Vilsack, White, Vilsack, Deb Haaland, Jennifer Granholm, Denis McDonough, Isabel Guzman, Miguel Cardona, Xavier Becerra, Julie Su, Katherine Tai Organizations: WASHINGTON, Democratic Rep, Dean Phillips of Minnesota, Administration, White, Smart Commodities, Agriculture Department, Farmers of, Energy, Southwest . Veterans, Small Business Administration, Education, Human Services, Labor, U.S . Trade Locations: Minnesota, America, Indiana, Farmers of America, Wyoming, Colorado, New Mexico, Arizona, Southwest, Iowa, Georgia, New Hampshire, North Carolina, Pennsylvania, U.S

☆ Management of bankrupt Volta Trucks seeking buyer - source
▼ + stars: | 2023-10-19 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

A Volta Zero electric truck is seen during the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 6, 2023. REUTERS/Angelika Warmuth Acquire Licensing RightsCompanies Volta Trucks AB FollowLONDON, Oct 19 (Reuters) - The management of bankrupt electric truck maker Volta Trucks is urgently seeking a buyer to take the company out of administration and help it complete the ramp-up to mass production, a source familiar with the issue told Reuters. The startup had picked a factory in Austria to make its trucks and had been working toward mass production. Representatives of executives at Alvarez & Marsal Europe (A&M), who have been appointed as bankruptcy administrators for Volta Trucks' UK operations, could not be reached for comment. A few, including EV parts supplier Proterra and electric pickup truck maker Lordstown Motors, have begun bankruptcy proceedings.

Persons: Angelika Warmuth, Nick Carey Organizations: REUTERS, Volta, Reuters, Volta Trucks, Management, Alvarez, Marsal Europe, EV, Lordstown Motors, Thomson Locations: Munich, Germany, Sweden, United Kingdom, Austria

Search resuls for: "of Administration"

25 mentions found