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☆ Windrush Day: Manchester United great Andy Cole opens up about Jamaican roots and racism
▼ + stars: | 2023-06-22 | by ( Darren Lewis | James Oware | ) edition.cnn.com time to read: +8 min

On one of the first voyages, 492 Caribbean islanders onboard the HMT Empire Windrush arrived in the UK on June 22, 1948. That generation of immigrants became the namesake of that ship, and their arrival date is now celebrated as Windrush Day. However, Cole says racist abuse and a lack of acknowledgement for his achievements meant that in adulthood, he recognized his father was right. Speaking on the inevitability of racist abuse that Black footballers face when missing penalties Andy outlined, “I think we’re just waiting, okay, what’s happening on social media? A clinical striker in his playing career, maybe one day Andy can transfer his wealth of knowledge to the boardroom.

Persons: Andy Cole, “, Darren Lewis, Cole reminisced, ” Andy, Windrush, Cole’s, Cole, Douglas Miller, ” Cole, Norma Gregory, Lincoln, ”, Caribbeans, Mark Leech, Andy, Devante, George Wood, Jadon Sancho, Marcus Rashford, Vinícius, Romelu, Tom Jenkins, Vinicius Organizations: CNN, League, Champions League, CNN’s, Commonwealth, Caribbean, Hulton, Coal Miners, Heritage, English League, Barnsley, English, England, Inter Milan, FIFA, UEFA, Italy, Real Locations: Britain, Nottingham, Jamaica, Commonwealth, Runnymede, British, England, Real Madrid, Italian, Brazil, European

Most economists expect another modest 10 bps LPR cut in the second half - on top of a 25 bps cut in banks' requirement ratio (RRR). The PROC last cut the RRR - the amount of cash that banks must hold as reserves -- in March, by 25 bps. Each 5 basis points LPR cut could reduce pre-tax profits of major banks by as much as 1.8%, China Merchants Securities said in a report. "A small rate cut is a useful painkiller for symptoms but cannot alleviate the real problem," said Gary Ng, Asia Pacific senior economist of Natixis. On Friday, China's cabinet discussed policy measures to support the economy.

Persons: COVID, NIM, Wang Yifeng, Wang, Gary Ng, China's, Zhang Ming, Zhang, Morgan Stanley, Kevin Yao, Ziyi Tang, Kripa Jayaram, Sumeet Chatterjee Organizations: People's Bank of China, Reuters, Everbright Securities, China Merchants Securities, Asia Pacific, stoke, Chinese Academy of Social Sciences, Thomson Locations: China, BEIJING, Beijing, Asia

☆ Allies Pledge Billions for Ukraine’s Recovery as Zelensky Stresses Urgency
▼ + stars: | 2023-06-21 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

Western countries pledged tens of billions of dollars to rebuild war-torn Ukraine on Wednesday, as leaders gathered at a two-day conference convened by the British government in the shadow of Ukraine’s counteroffensive against Russia. But with the total cost of reconstruction projected to spiral into the hundreds of billions of dollars, the prospect of using confiscated Russian assets to pay for it emerged as a potent, if problematic, theme at the gathering. Britain and the European Union are both exploring legal mechanisms to divert frozen Russian assets to Ukraine. Globally, these public and private assets are estimated to be worth at least $300 billion, a sizable chunk of the total reconstruction cost, which the World Bank currently estimates at more than $411 billion. While few legal experts question the right of countries to freeze foreign assets, some warn that confiscating a large amount of Russian funds could set a troublesome legal precedent and undermine confidence in financial markets.

Organizations: European, World Bank Locations: Ukraine, British, Russia, Britain, European Union

☆ MLB roundup: Giants walk it off vs. Padres again
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +10 min

[1/5] Jun 20, 2023; San Francisco, California, USA; San Francisco Giants celebrate with designated hitter Joc Pederson (23) after winning the game against the San Diego Padres on a walk off walk at Oracle Park. Stroman (9-4) gave up five hits, struck out five and walked one. Raisel Iglesias allowed one run in the ninth inning yet still earned his 10th save. Blue Jays 2, Marlins 0Ernie Clement broke a scoreless tie in the eighth inning by lofting a soft RBI single to center, helping Toronto beat host Miami. Cole (8-1) allowed four hits, struck out eight and walked one.

Persons: Joc Pederson, Stan Szeto, Josh Hader, Hader, Nick Martinez, Luis Matos, Patrick Bailey, Casey Schmitt, David Villar, Pederson, Tyler Rogers, Fernando Tatis Jr, Elly De La Cruz, TJ Friedl, Nolan Jones, Christian Arroyo, Adam Duvall, Masataka Yoshida, Kutter Crawford, Corey Kluber, Bailey Ober, Clayton Kershaw, Reid Detmers, Michael Busch's, Chris Devenski, Will Smith, Kershaw, Evan Phillips, Detmers, Tucker Barnhart, Mike Tauchman, Marcus Stroman, Mark Leiter Jr, Adbert Alzolay, Johan Oviedo, Framber Valdez, Alex Bregman, Jose Altuve, Ryan Pressly, Justin Verlander, Austin Riley, Matt Olson, Eddie Rosario, Ronald Acuna Jr, Spencer Strider, Raisel Iglesias, Brandon Marsh, Bryce Harper, Kyle Schwarber, Realmuto, Ranger Suarez, Ernie Clement, George Springer, Yimi Garcia, Jordan Romano, Tanner Scott, Miami's Luis Arraez, Daniel Lynch, Lynch, Scott Barlow, Matt Beaty, Michael Lorenzen, Kerry Carpenter, Zach McKinstry, Aaron Hicks, Hicks, Anthony Santander, Kyle Bradish, Isaac Paredes, Dylan Carlson, Jordan Montgomery, Louis, MacKenzie Gore, Gore, Gerrit Cole, Anthony Rizzo, Cole, Billy McKinney, Jarred Kelenic, George Kirby, Kirby, Andres Gimenez, Amed Rosario, Jose Ramirez, Enyel De Los Santos, Tony Kemp, Trevor May, William Contreras, Bryse Wilson, Joel Payamps, Devin Williams, Ketel Marte, Colin Rea, Austin Adams, Zach Remillard, Elvis Andrus, Eloy Jimenez, Andrus, Corey Seager, Adolis Garcia, Grant Anderson Organizations: San Francisco Giants, San Diego Padres, Oracle, Giants, The Padres, Reds, Cincinnati, The Reds, Tampa Bay Rays, Rockies, Red Sox, Twins, Boston, Dodgers, Angels, Los Angeles Dodgers, Los Angeles Angels, Cubs, Pirates, Chicago, Pittsburgh, The Pirates, Astros, Mets, Houston, New York, Braves, Phillies, Atlanta, Philadelphia, Blue Jays, Marlins, Toronto, Miami, Former Marlins, Royals, Tigers, Kansas City, Detroit, Rays, Baltimore, ORioles, Tampa, Cardinals, Nationals, Washington, The Cardinals, Montgomery, Yankees, Mariners, Cleveland, Oakland, Guardians, Brewers, Diamondbacks, Milwaukee, The Brewers, White Sox, Rangers, Texas, The Texas, Thomson Locations: San Francisco , California, USA, San Diego, Colorado, Boston, Minneapolis, Anaheim , Calif, Kershaw, Chicago, Valdez, Houston, Kansas, St . Petersburg, Fla, Seattle, Rye, N.Y, Arizona

☆ Another Blow to Boris Johnson as U.K. Parliament Ratifies Damning Report
▼ + stars: | 2023-06-19 | by ( Mark Landler | Stephen Castle | ) www.nytimes.com time to read: +1 min

Still, however tortured the deliberations, the outcome was a damning verdict for Mr. Johnson. It foreclosed — at least for the moment — any plausible return to power for a flamboyant figure whose three years in Downing Street were marked by a landslide electoral victory in 2019 but nearly ceaseless scandals after that. After more than five hours of discussion lawmakers voted by 354 to 7 to approve the report, a crushing victory for Mr. Johnson’s critics. In a debate marked by sorrow, anger and occasional flashes of humor, lawmakers from both sides stood up to condemn Mr. Johnson for his duplicity and to call for Parliament to endorse the report, as a way of rebuilding trust in British public life. A handful of Tories spoke in defense of Mr. Johnson, a shrunken band of loyalists for a figure who once enjoyed firm command of the House of Commons.

Persons: Johnson, Johnson —, Johnson’s, Theresa May, ” “, Mrs, May Organizations: Conservative Locations: Downing

☆ Major banks cut China 2023 GDP forecasts as recovery falters
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 16 (Reuters) - Four major Western banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data showed a post-COVID recovery was faltering in the world's second-largest economy. The government has set a modest GDP growth target of around 5% for this year after badly missing its 2022 goal. UBS economists on Friday cut their GDP forecast to 5.2% from 5.7% and said in a note that they expected more policy support to come. Economists at Standard Chartered lowered their 2023 growth forecast to 5.4% from 5.8% previously. BofA downgraded its 2023 GDP growth forecast to 5.7% from 6.3%, while JPMorgan had earlier trimmed its outlook to 5.5% from 5.9%.

Persons: BofA, Kevin Yao, Jamie Freed Organizations: UBS, Standard Chartered, Bank of America, JPMorgan, Chartered, Thomson Locations: BEIJING, China, Beijing

☆ Boris Johnson, Out of Parliament, Is a Columnist Again
▼ + stars: | 2023-06-16 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

But it was conspicuously absent from The Daily Mail, the biggest and most influential British tabloid. That is — until one looked above the headline about Mr. Johnson’s latest woes to a curiously familiar silhouette of a figure with a generous head of hair. Next to it was a headline that said, “Starting tomorrow: Our erudite new columnist, who’ll be required reading in Westminster — and across the world!”A spokesman for The Mail, Sean Walsh, confirmed that the mysterious new writer was Mr. Johnson, the former prime minister. His first weekly column was due to be posted on The Mail’s website on Friday around 5 p.m. local time (noon Eastern), Mr. Walsh said, and would appear as a full page in print on Saturday. Image Friday’s cover of The Daily Mail promising a new columnist.

Persons: Boris Johnson’s, Johnson’s, who’ll, Sean Walsh, Johnson, Walsh, Rishi Sunak Organizations: The Daily Mail, The Mail, Daily Mail Locations: British, Westminster —

Gains in megacap stocks including Nvidia and Microsoft set up the tech-heavy Nasdaq for its eighth consecutive week of gains, while the benchmark S&P 500 was set for its fifth straight week of rise. Trading, however, is expected to be volatile on Friday due to the simultaneous expiration of stock options, stock index futures and index options contracts, known as triple witching. ET, is expected to show the index rose to 60 in June from 59.2 in May. The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 74 new highs and 10 new lows. Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Morgan Stanley, Mark Luschini, Janney Montgomery Scott, Sruthi Shankar, Shristi, Vinay Dwivedi Organizations: Nvidia, Adobe, Dow, Nasdaq, Microsoft, Trading, University of, Dow Jones, Adobe Inc, iRobot, NYSE, Thomson Locations: U.S, Bengaluru

☆ How A.I. will change the job market: Mark Zandi
▼ + stars: | 2023-06-15 | by ( Mark Licea | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow A.I. will change the job market: Mark ZandiThe biggest factors contributing to companies' bottom lines right now are high interest rates and artificial intelligence, says Mark Zandi, chief economist at Moody's Analytics. In this episode of "The Bottom Line," he discusses key risks for companies including climate change, inflation and whether the U.S. will remain the world's leading economy.

Persons: Mark Zandi Organizations: Moody's Locations: U.S

☆ Trump and Johnson Were Accused of Breaking Rules. One Lost Party Support.
▼ + stars: | 2023-06-15 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

An angry, aggrieved former leader attacks the institutions he once led for accusing him of flouting the rules and lying about it. And yet, Britain’s Conservative Party has regularly stood up to Mr. Johnson while the Republican Party is still mostly in thrall to Mr. Trump. On Monday, the House of Commons will vote on whether to accept or reject the committee’s findings. The government said it would not pressure Tory lawmakers to vote one way or the other. That sets up a potential repudiation of Mr. Johnson by his party that could go far beyond the token number of Republican lawmakers in the House of Representatives who voted to impeach Mr. Trump in 2019 and 2021.

Persons: Donald J, Trump, Boris Johnson, Johnson, thrall, Johnson’s, preemptively, Mr Organizations: Britain’s Conservative Party, Republican Party, Conservative Locations: Britain, United States, Downing

☆ A.I. will create winners and losers across the job market: Mark Zandi
▼ + stars: | 2023-06-15 | by ( Mark Licea | ) www.cnbc.com time to read: +1 min

Artificial intelligence presents both challenges and opportunities for workers and employees, said Moody's Analytics' chief economist, Mark Zandi. You should be able to command a higher wage and benefit from the fact that AI is lifting everyone's productivity for businesses," said Zandi. However, some employees worry that their job is at risk while companies may leverage the technology to save on labor costs. While advances in AI have the potential to change a lot of business practices, the technology is still in the early stages. It kind of stirs the pot, creates winners and losers," Zandi told CNBC.

Persons: Mark Zandi, Zandi Organizations: CNBC

☆ $5 billion fintech Zepz looks to take on rivals like PayPal with digital wallet, M&A plans
▼ + stars: | 2023-06-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

With a $5 billion valuation, Zepz is one of the largest fintech companies in Europe, backed by leading investors including Accel, TCV and Leapfrog. The company enables users to send money from a smartphone or computer to people abroad, who can receive it in their bank account, mobile wallet, or as a mobile airtime top-up. Lenhard didn't identify which companies Zepz was looking to buy, but said the sharp slump in private fintech valuations made it an attractive time to kick off M&A exploration. A particular focus for Zepz product-wise in the near term is digital wallets, Lenhard said, with the company planning to launch its first digital wallet "imminently." He added that he hopes the company's upcoming digital wallet product will convince customers to rely more on Zepz, rather than using competing digital banks and other financial apps which have grown their services to offer a much wider range of products.

Persons: Mark Lenhard, Zepz, It's, Lenhard, Sendwave Organizations: Getty, CNBC, Accel, Bank of England, Sky News, PayPal Locations: Europe, Western Union

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the Federal Reserve tries to balance prices and jobsThe Fed has a dual mandate to strike a delicate balance to ensure low, steady prices while setting a course for an economy that encourages everyone to get a job who wants one. But the mandate's targets can contradict each other. Some economists think the central bank should consider a single target while others argue the current policy has worked to create a more stable economy. Here's how the Fed tries to strike a near-impossible balance to promote both parts of this dual mandate.

Organizations: Federal Reserve

☆ Boris Johnson’s Comeback Hopes May Be Dimmer Than He Thinks
▼ + stars: | 2023-06-10 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

It is tempting to view Boris Johnson’s sudden resignation from Britain’s Parliament on Friday evening as merely another twist in a serpentine career, a tactical retreat rather than a political epitaph. After all, the language in his 1,035-word statement was defiant and aggrieved, peppered with reminders of the thumping electoral victory that he had delivered for the Conservative Party less than four years ago and pregnant with the possibility that he could do so again in the future. As he has on so many other occasions, Mr. Johnson seemed to be channeling his political hero, Winston Churchill, Britain’s wartime leader who was swept out of power in 1945 only to return to Downing Street in triumph six years later. Yet this time, political analysts expressed skepticism about a Churchillian restoration for Mr. Johnson. With little support beyond a rump of hard-core Brexiteers in Parliament, and a British public that has grown weary of the Boris soap opera, they said there was almost no plausible path back to power for him.

Persons: Boris Johnson’s, Johnson, Winston Churchill, Boris Organizations: Conservative Party, Downing Locations: British

☆ Boris Johnson Resigns From Parliament
▼ + stars: | 2023-06-09 | by ( Stephen Castle | Mark Landler | ) www.nytimes.com time to read: 1 min

Britain’s former prime minister, Boris Johnson, abruptly resigned his parliamentary seat on Friday, another dramatic twist in the career of one of the country’s most flamboyant and divisive politicians. Mr. Johnson has been under investigation from a committee of the House of Commons that was looking into whether he had lied to Parliament over lockdown-breaking parties in Downing Street during the Covid-19 pandemic. On Friday, having received a confidential copy of their findings, he accused the committee of attempting to drive him out, adding: “They have still not produced a shred of evidence that I knowingly or recklessly misled the Commons.”The committee had the power to recommend a sanction that could have led to Mr. Johnson being forced to fight an election to hold his constituency just outside London — a contest he might well have lost.

Persons: Boris Johnson, Johnson Organizations: of Locations: Downing, London

☆ Fox News opinion hosts offered up, without hesitation, a full-throated, wall-to-wall defense of twice-indicted Trump
▼ + stars: | 2023-06-09 | by ( Sarah Gray | ) www.businessinsider.com time to read: +3 min

Fox News' coverage of the historic federal indictment of Donald Trump leaned hard into his defense. On Fox News, hosts and guests questioned the documents found in Joe Biden's office and garage. Trump wrote on Truth Social that he was indicted in relation to an investigation into mishandling documents. Trump's relationship with Fox News took a big blow when text messages sent by hosts, now-former hosts, and executives mocking Trump and pro-Trump conspiracy theories were uncovered in Dominion Voting System's defamation suit against the network. "Hannity" was initially going to host Trump's former Vice President Mike Pence, who just entered the 2024 race.

Persons: Donald Trump, Joe Biden's, Trump, —, Hannity, Mike Pence, Hillary Clinton's, Mark Levin, there's Organizations: Fox, Fox News, Service, Dominion, Fox Business, GOP, Biden Locations: Miami

But Mr. Sunak is not expected to press for a free-trade agreement between the two nations. Earlier this year, with Mr. Biden’s urging, Mr. Sunak resolved a trade dispute with Northern Ireland, a move seen as positive by Mr. Biden’s administration. But British officials stressed ahead of Thursday’s meeting that Mr. Sunak intends to focus on expanding the economic connections between the two countries. Asked whether this was now a broken promise, Mr. Sunak rejected that assertion, telling Sky News that it reflected a changed macro economic situation after 2019. In reality, any prospect of a comprehensive deal faded some time ago, but political opponents seized on Mr. Sunak’s words on Thursday.

Persons: Biden, Rishi Sunak, Sunak, “, ”, Karine Jean, Pierre, Biden’s, ” Mr, we’ve, We’ve, Keir Starmer Organizations: British, White House, Trade, Union, Washington, Airbus, Boeing, Thursday, Sunak’s Conservative Party, Sky, United, Mr, Labour Party Locations: Britain, United States, Northern Ireland, “, Ukraine

Jack Daniel's Properties Inc is owned by Louisville, Kentucky-based Brown-Forman Corp (BFb.N). The dispute pitted the whiskey brand's trademark rights against legal protections for creative expression - in this case a send-up by Phoenix-based VIP Products of Jack Daniel's Old No. Jack Daniel's spokesperson Svend Jansen said the company was pleased with the decision. "Jack Daniel's is a brand recognized for quality and craftsmanship, and when friends around the world see the label, they know it stands for something they can count on. Circuit Court of Appeals in 2020 ruled in favor of VIP Products on two grounds.

Persons: Jack, Read, Jack Daniel's, Elena Kagan, Brown, Kagan, Svend Jansen, Jansen, Ginger Rogers, Ginger, Fred, Federico Fellini, Fred Astaire, Rogers, infringer, Joe Biden's, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, VIP Products, Inc, Forman Corp, VIP, Rogers, New, Circuit, Appeals, Hollywood, Thomson Locations: Washington, WASHINGTON, Louisville , Kentucky, Phoenix, Tennessee, New York, San Francisco

☆ Foreign investors have been dumping vast amounts of Chinese assets, and putting money there will only get riskier
▼ + stars: | 2023-06-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Foreign investors have been selling Chinese securities for the last two years, the Atlantic Council said. "Putting money in China is going to become riskier, and de-risking is only going to become more commonplace." Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Separate reports have also shown that foreign investors are selling Chinese stocks at a faster pace. Mark acknowledged Chinese efforts to bring back some overseas investment, but foreign capital flows are set to keep declining, especially with new US restrictions on the horizon.

Persons: Xi, —, Jeremy Mark, Mark, bode, Biden Organizations: Atlantic Council, Service, Geoeconomics, IMF Locations: China, New York, Hong Kong, India

☆ Who is Special Counsel Jack Smith in the Trump documents case?
▼ + stars: | 2023-06-08 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

WASHINGTON, June 8 (Reuters) - Jack Smith, the U.S. special counsel who has pursued criminal charges against former President Donald Trump over retention of classified government records, has earned a reputation for winning tough cases against war criminals, mobsters and crooked cops. This case is unlike any other that Smith has brought because of who is being charged. One of the two investigations that Smith took over involved Trump's handling of classified documents he retained after leaving the White House in January 2021. Trump's own attorney Evan Corcoran emerged as a key witness in the documents investigation. In 2008, Smith left to supervise war crime prosecutions at the International Criminal Court in The Hague.

Persons: Jack Smith, Donald Trump, General Merrick Garland, Smith, Attorney Bragg, Mark Lesko, Greenberg Traurig, Trump, Joe Biden's, Evan Corcoran, Corcoran, Mike Pence, Robert Morgenthau, Morgenthau, Todd Harrison, McDermott Will, Emery, Harrison, Charles Schwarz, Abner Louima, Ronell Wilson, Salih Mustafa, Sarah N, Lynch, Andy Sullivan, Will Dunham Organizations: U.S, Trump, Manhattan, Attorney, Attorney's, White, Harvard Law School, New, New York City, York City, Criminal, Justice Department, Kosovo Liberation Army, Thomson Locations: New York, Washington, Brooklyn, York, The Hague, Kosovo, Serbia

Follow our updates as Prince Harry resumes his testimony. Prince Harry spent nearly five hours on the witness stand on Tuesday airing his longstanding grievances against Britain’s famously unbridled tabloid press. Prince Harry really doesn’t like the British news media. “Yes, that is correct,” Prince Harry replied. The British tabloids need to be held accountable, Harry said.

Persons: Prince Harry, Britain’s, Harry, ”, “, ” Prince Harry, Andrew Green, “ You’re, ’, ‘ He’s, Chelsy Davy, Meghan, ” Harry, Davy, Mr, Green, James Hewitt, Princess Diana, “ wasn’t, hadn’t, Major Hewitt, Rishi Sunak, Megan Specia Organizations: Mirror Group, Buckingham Palace, “ Locations: London, Buckingham Palace, Buckingham

☆ Prince Harry, in Dramatic Testimony, Says Journalists Have ‘Blood on Their Hands’
▼ + stars: | 2023-06-06 | by ( Mark Landler | Megan Specia | ) www.nytimes.com time to read: +1 min

Prince Harry finally got his day in court against the British tabloid press that he has long reviled, taking the stand in London on Tuesday to accuse the Mirror Newspaper Group of hacking his cellphone more than a decade ago. Through five hours of polite but persistent grilling, Harry stood by his claims that the Mirror Group’s reporters intercepted his voice mail messages and used other unlawful means to dig up personal information about him, creating an atmosphere of distrust and even paranoia that has shadowed him since childhood. Yet for all the celebrity of the plaintiff, the scene in the packed High Court took on the rhythms of any other legal proceeding, as Harry’s cross-examination got underway. A lawyer for the Mirror Group, Andrew Green, repeatedly pressed him for hard evidence that its journalists had hacked his phone. Much of the information that Harry said was illegally obtained was available from other sources, the lawyer argued.

Persons: Prince Harry, Harry, King Charles III, Diana, Andrew Green Organizations: Mirror, Group Locations: London

Prince Harry’s expected testimony on Tuesday in a phone-hacking case will be the first time in over 130 years that a prominent member of Britain’s royal family is cross-examined in court. The last time it happened was in 1891, and it didn’t go well for the royal family. It was unusual then, too, for such a prominent member of the royal family — the future king, no less — to appear in court. Richard Fitzwilliams, a royal commentator, said: “You can see from reading this why it was subsequently decided that this is not something the royal family want. Furthermore, while Harry is a high-profile member of the royal family, he is no longer a working royal.

Persons: Prince Albert Edward, Queen Victoria, Prince Harry’s, didn’t, Prince Albert Edward — Queen Victoria’s, King Edward VII, —, baccarat, Sir William Gordon, Cumming, Gordon, Richard Fitzwilliams, Edward, ”, ” Edward, Prince Harry, Belinda Jiao, Harriet Mordaunt, Fitzwilliams, Edward —, Bertie ”, Harry’s, Harry, Harry up, won’t, he’s, ” Mr, “ faultlessly, George V Organizations: Guardian, ., New York Times Locations: London

☆ Prince Harry Puts Britain’s Press on Trial
▼ + stars: | 2023-06-06 | by ( Mark Landler | Megan Specia | ) www.nytimes.com time to read: +1 min

To illustrate their case, Harry’s lawyers submitted 147 articles that it said were based on information obtained using illegal means. “Every facet of his life was splashed across the paper as an exclusive, a story too good not to publish,” Mr. Sherborne said. “The notion that this took place years ago is misplaced,” he said. Still, that is the nub of the case made by the Mirror Group’s lawyers. The practice of phone hacking has all but vanished since the scandal erupted in 2011, according to lawyers who specialize in these cases.

Persons: Princess Diana, Mr, Sherborne, ”, Harry, Nikki Sanderson, Michael Taylor, Fiona Wightman, Paul Whitehouse Organizations: The

☆ TSMC feeling 'good' about possible Germany plant, in talks on subsidies
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, June 6 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) is feeling "good" about talks over a possible first European factory in Germany and is discussing subsidies with the host country's government, the company's chairman said on Tuesday. TSMC, the world's largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or "fab," in Dresden. Speaking at the company's annual shareholders meeting, Taiwan Semiconductor Manufacturing Co's Chairman Mark Liu said the company had already sent executives to Germany a few times for talks on the possible new plant. "So far the feeling is good," he said, adding there were some "gaps" in the supply chain and labour in Germany but these were being addressed. "We are still negotiating with Germany on subsidies, how much the subsidies will be, that there won't be conditions for the support.

Persons: TSMC, Mark Liu, Liu, Faith Hung, Ben Blanchard, Jacqueline Wong, Jamie Freed Organizations: European Union, EU, Taiwan Semiconductor Manufacturing, U.S ., Industry, U.S . Department of Commerce, Thomson Locations: TAIPEI, Germany, Saxony, Dresden, Asia, United States, U.S, Arizona

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