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A light is seen under a signboard of Cosmo Energy Holdings' Cosmo Oil service station in Tokyo, Japan, December 17, 2015. REUTERS/Yuya Shino/File Photo Acquire Licensing RightsCompanies Cosmo Energy Holdings Co Ltd FollowTOKYO, Nov 10 (Reuters) - Japan's Cosmo Energy Holdings (5021.T) could struggle to win shareholder backing for a revised "poison pill" strategy, its chief executive said on Friday, as the company seeks to defend itself from activist investors pursuing a hostile takeover. Japan's third-biggest oil refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group led by Yoshiaki Murakami from increasing its stake to 24.56% from its current 20%. In June, a previous vote on a poison pill to dilute the activists' stake if they buy more shares without following set procedures succeeded. "We want to ask shareholders whose plans can boost the shareholder value, ours or Murakami-san?"
Persons: Yuya, Yoshiaki Murakami, Shigeru Yamada, Cosmo, Murakami, Yamada, Makiko Yamazaki, Yuka Obayashi, Barbara Lewis Organizations: Cosmo Energy Holdings, Cosmo Oil, REUTERS, Cosmo Energy Holdings Co, Reuters, Thomson Locations: Tokyo, Japan
Data released on Thursday showing a drop in consumer prices to their lowest since the COVID-19 pandemic has increased the doubts in China's economic rebound after some months of indicators showing growth stabilising. China's big online shopping platforms did not release final sales figures for 2022, when analysts said COVID-19 restrictions inhibited spending and consumer confidence. Some indicators point to a slowdown in Singles Day sales. Data provider Syntun estimated e-commerce platforms sold 311 billion yuan of products from Oct. 31 to Nov. 3, a 7.1% decrease year-on-year. For Tan Jiapeng, a 35-year-old office worker in Beijing, his only Singles Day purchase so far has been a Descente winter jacket, an "essential purchase" for the winter.
Persons: Florence Lo, Jason Yu, Kantar, COVID, Bain, Jacob Cooke, Nomura, Tan Jiapeng, Tan, Casey Hall, Sophie Yu, Marius Zaharia Organizations: REUTERS, Rights, HK, PDD Holdings, Company, Technologies, Thomson Locations: Rights BEIJING, China, Beijing
A man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, February 3, 2020. A higher budget deficit next year will help drive the country's economic recovery, he said. Last month, China sharply lifted its 2023 budget deficit to around 3.8% of gross domestic product from 3% because of the planned issuance of 1 trillion yuan ($137.14 billion) in sovereign bonds. China is able to achieve economic growth of slightly above 5% this year, Wang said. Weak external demand and inadequate domestic demand increase overcapacity pressures in China, Wang said.
Persons: Jason Lee, Wang Yiming, Wang, Ellen Zhang, Kevin Yao, Christopher Cushing Organizations: People's Bank of China, REUTERS, Rights, Monetary, Thomson Locations: Beijing, China, Rights BEIJING
SAN FRANCISCO, Nov 10 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that she agreed with Chinese Vice Premier He Lifeng to "intensify communication" on economic issues but warned him to crack down on Chinese companies that give material support to Russia for its war in Ukraine. "During our discussions, we agreed that in-depth and frank discussions matter, particularly when we disagree," Yellen said. "And I emphasized that the current uncertain global landscape makes it particularly crucial that we maintain resilient lines of communication going forward." "We would like to see China crack down on this, especially when we're able to provide information," Yellen said. Discussing the Israel-Hamas war, Yellen spoke of the need "to prevent escalation and expansion of the conflict in the Middle East," the Treasury said in a statement.
Persons: Janet Yellen, Lifeng, Yellen, Joe Biden, Xi Jinping, Carlos Barria, Donald Trump's, Liao Min, Liao, Eric Beech, David Lawder, Ann Saphir, Andrea Shalal, David Ljunggren, Chizu Nomiyama, Andrea Ricci, Grant McCool, Christian Schmollinger, Simon Cameron, Moore Organizations: FRANCISCO, . Treasury, Economic Cooperation, Communist Party, Treasury, U.S, APEC, REUTERS, Industrial, Commercial Bank of, Finance, Ministry of Finance, Fund, Thomson Locations: Russia, Ukraine, San Francisco, Asia, China, RUSSIA, Israel, U.S, San Francisco , California, Commercial Bank of China, Washington, Beijing, United States
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. The Australian dollar fell 0.5% overnight and was last at $0.6405, just above its 50-day moving average. It seems set for its largest weekly fall since June, as the central bank appeared to raise the bar for further hikes after lifting rates on Tuesday. In Asia, China's yuan touched a two-month high in overnight offshore trade. China's consumer prices fell in October, data showed on Thursday, stoking expectations for lower interest rates.
Persons: Dado Ruvic, Gabriel Makhlouf, Joachim Nagel, Jane Foley, Mario Draghi, Brent, Ping, Michael Wan, Jerome Powell, Tom Westbrook, Christian Schmollinger Organizations: REUTERS, Central Bank's, Bank of Japan, Rabobank, Treasury, New Zealand, Canadian, Italian, ECB, Financial, Reuters, Ping An Insurance Group, HK, MUFG, Bank of Israel, Thomson Locations: SINGAPORE, Ireland's, U.S, Asia, Europe, Singapore, East, Gaza City
Christian Sewing, CEO of Deutsche Bank, poses after an interview with Reuters in Hong Kong, China September 8, 2023. Asia offers higher profit margins than other regions, according to Sewing, who took the helm at the lender in 2018. It operates in 15 markets in Asia Pacific and generates about 15% of its global revenue in the region, he said. Sewing said that the demand for advice from clients in Asia Pacific was far higher than two or three years ago. At that time, it announced plans to cut around 18,000 staff worldwide, with teams disbanded and jobs cut in most of its Asia Pacific markets.
Persons: Selena Li, Sewing, Sumeet Chatterjee, Christian Organizations: Deutsche Bank, Reuters, REUTERS, Asia, Deutsche, UBS, Thomson Locations: Hong Kong, China, HONG KONG, Asia Pacific, U.S, Asia, Ho Chi Minh City, Seoul
FILE PHOTO-The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsTOKYO, Nov 8 (Reuters) - France's Renault (RENA.PA) has cut its stake in Nissan (7201.T) to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the companies said in an alliance statement, putting them on equal footing. The new agreement for the restructured alliance between Renault, Nissan and their junior partner Mitsubishi Motors (7211.T) came into effect on Wednesday, the car makers said in the statement. The companies had already said in January that Renault would put roughly 28% of Nissan in a French trust to make them more equal partners. ($1 = 0.9359 euros)Reporting by Daniel Leussink; Editing by Christian Schmollinger and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Gonzalo Fuentes, France's, Ampere, Daniel Leussink, Christian Schmollinger, Gerry Doyle Organizations: Renault, Nissan, REUTERS, Rights, France's Renault, Mitsubishi Motors, Mitsubishi, Thomson Locations: Le Coteau, France, London
People are seen outside the building of Wework's co-working space during the National Day Golden Week holiday, in central Beijing, China October 2, 2018. REUTERS/Stringer/File Photo Acquire Licensing RightsBEIJING, Nov 7 (Reuters) - WeWork China will not participate in the strategic reorganisation of WeWork (WE.N) in the United States and Canada, it said on Tuesday. WeWork China is not a branch or unit of WeWork (WE.N), it said in a statement on WeChat, adding the company has independent operations and management capabilities. "Any operating conditions of WeWork in other regions around the world will not have any impact on WeWork China," it added. Reporting by Ella Cao, Albee Zhang and Ryan Woo; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons: Stringer, Ella Cao, Albee Zhang, Ryan Woo, Christian Schmollinger Organizations: REUTERS, Rights, SoftBank, Thomson Locations: Beijing, China, Rights BEIJING, United States, Canada, WeWork China
TOKYO, Nov 7 (Reuters) - The head of the tax panel for the Japanese political party Komeito, a junior coalition partner with the ruling Liberal Democratic Party (LDP), said on Tuesday a thorough debate is needed on a controversial plan to cut income tax next year. Makoto Nishida, Komeito's tax panel head, said that policymakers should not have a preset mind to limit the tax break to just a year, signalling a possibility to extend it beyond 2024. Prime Minister Fumio Kishiida of the LDP plans to adopt income tax cuts for the next fiscal year as part of a broader economic package to boost household incomes and consumption. Opposition lawmakers have criticized the income tax cuts as politically motivated and ineffective as it takes time to implement and it could end up adding to the Japan's debt burden, the industrial world's largest. Additional reporting by Tetsushi Kajimoto; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons: Makoto Nishida, Nishida, Fumio Kishiida, Tetsushi Kajimoto, Christian Schmollinger Organizations: Liberal Democratic Party, Thomson Locations: TOKYO
Governor of Sevastopol Mikhail Razvozhayev attends a ceremony marking 240th anniversary of Russia's Black Sea Fleet in Sevastopol, Crimea May 13, 2023. REUTERS/Alexey Pavlishak/File Photo Acquire Licensing RightsNov 7 (Reuters) - Russia's air defence systems destroyed and intercepted a total of 17 Ukraine-launched drones early on Tuesday over the Black Sea and the Crimean Peninsula territory, the Russian defence ministry said. Nine drones were destroyed by air defence systems and eight were intercepted by electronic warfare, the ministry said on the Telegram messaging app. Saky is home to a Russian air base. Reporting by Lidia Kelly in Melbourne; Editing by Tom Hogue, Christian Schmollinger and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.
Persons: Sevastopol Mikhail Razvozhayev, Alexey Pavlishak, Mikhail Razvozhayev, Saky, Lidia Kelly, Tom Hogue, Christian Schmollinger, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Thomson Locations: Sevastopol, Crimea, Ukraine, Crimean, Russian, Andriivka, Sevastopol's suburbs, Novofedorivka, Kyiv, Moscow, Melbourne
People stand at the booth of Ant Group at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing RightsSHANGHAI, Nov 6 (Reuters) - Ant Group has received Chinese government approval to release products powered by its "Bailing" artificial intelligence (AI) large language model to the public, a spokesperson for the Chinese firm said on Monday. Unlike other countries, China requires companies to submit security assessments and receive clearance before releasing AI products to the public. The financial affiliate of e-commerce giant Alibaba Group (9988.HK) in September unveiled a finance-specific AI model and started testing consumer and professional apps for the products. Reporting by Brenda Goh; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons: Florence, Brenda Goh, Christian Schmollinger Organizations: Ant Group, Fair for Trade, Services, REUTERS, Rights, Alibaba, HK, Thomson Locations: Beijing, China
JAKARTA (Reuters) - Indonesia's President Joko Widodo is scheduled to meet U.S. President Joe Biden this month, "most likely" at the White House, a spokesperson for the Southeast Asian country's foreign ministry said on Tuesday. Jokowi, as the president is known, is scheduled to attend the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco from Nov. 15-17. Earlier on Tuesday, Jokowi, leader of the world's largest secular Muslim-majority country, said Indonesia's support for Palestine would "never waver". Indonesia has joined a chorus of international condemnation of Israel's invasion of Gaza following Hamas' attack on Israel on Oct. 7, and has called for an immediate ceasefire. (Reporting by Stanley Widianto; Writing by Kanupriya Kapoor; Editing by Christian Schmollinger)
Persons: Joko Widodo, Joe Biden, Jokowi, Stanley Widianto, Kanupriya Kapoor, Christian Schmollinger Organizations: U.S, White, Economic Cooperation, Palestine Locations: JAKARTA, Asia, San Francisco, Indonesia, Gaza, Israel
Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk attends the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Musk filed the objections in San Francisco federal court, where the SEC sued him on Oct. 5 to make him testify for the probe, which it launched in April 2022. Musk has given the SEC documents relating to the probe and provided testimony in July last year via video conference, the SEC said in a court filing. The SEC has spent 18 months "devoting its formidable resources to investigating Mr. Musk over an allegedly untimely filing," the court filings said. The SEC sued Musk in 2018 over his posts on social media saying he had "funding secured" to take electric vehicle maker Tesla Inc (TSLA.O) private.
Persons: Tesla, Elon Musk, Leon Neal, Musk, Alex Spiro, Spiro, Twitter, Jody Godoy, Chris Prentice, Dan Whitcomb, Chizu Nomiyama Organizations: SpaceX's, Bletchley, REUTERS Acquire, U.S . Securities, Exchange, SEC, Twitter, U.S, Tesla Inc, Supreme, Thomson Locations: Bletchley, Britain, San Francisco federal, U.S, New York
Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. Zalando now expects 2023 revenue to fall between 0.5% and 3%, having previously guided to a 1% decline at worst. An unusually warm September weighed on sales of autumn and winter clothes, Zalando said, exacerbating the impact of weak consumer sentiment. Gross merchandise volume - a measure of sales on the platform by Zalando and partner brands - fell by 2.4% from a year ago. The company's market value has dropped over the past two years as shoppers, freed from pandemic restrictions, returned to stores and ordered fewer clothes online.
Persons: Clodagh, Zalando, Clément Génelot, Bryan Garnier, Zalando's, Génelot, Gross, Helen Reid, Christian Schmollinger, Sonali Paul Organizations: REUTERS, Thomson Locations: Galway, Ireland, Paris, Germany, Austria, Switzerland
[1/3] The Chinese flag at a gate to the Zhongnanhai leadership compound flies at half-mast in memory of late former Chinese premier Li Keqiang, in Beijing, China November 2, 2023. REUTERS/Mark Chisholm Acquire Licensing RightsBEIJING, Nov 2 (Reuters) - China lowered the national flag at Tiananmen Square in Beijing on Thursday amid an outpouring of grief online as the country cremated former premier Li Keqiang, known as "the people's premier" for his down-to-earth, hands-on leadership. "In memory of comrade Li Keqiang, flags were flown at half-mast at Tiananmen Square in the capital," state media said. "Personally, I still feel a bit unreal (about his death) because I feel like he's a good premier and suddenly he's gone. Some businesses such as international coffee chain Starbucks (SBUX.O) turned their app interface black and white in mourning for Li.
Persons: Li Keqiang, Mark Chisholm, Li, Xi Jinping, Han Zheng, Hu Jintao, Gao, Xi, he's, Wan, Zhang Shijun, Liz Lee, Xiaoyu Yin, Ryan Woo, Christian Schmollinger Organizations: REUTERS, Rights, Communist Party's, Xinhua, Weibo, China's, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai, Weibo
Lufthansa reported third-quarter adjusted earnings before interest and tax (EBIT) of 1.47 billion euros ($1.56 billion), up 31% year-on-year and slightly above average expectations for 1.43 billion in an analyst consensus published on the company's website. Lufthansa said bookings for the fourth quarter were up by double-digit percentages year-on-year. Costs were 0.9% lower than the same quarter last year despite rising inflation, while net profits were at 1.2 billion euros. Next year, Lufthansa expects the amount of seating capacity available to fliers to increase further to around 95% of pre-pandemic levels. Capacity will increase to 91% of pre-pandemic levels in the fourth quarter, they said.
Persons: Carsten Spohr, Bernstein, Alex Irving, Maria Sheahan, Joanna Plucinska, Kirsti Knolle Organizations: Lufthansa, Thomson Locations: BERLIN
[1/2] China's Premier Li Keqiang waves as he arrives for a news conference after the closing ceremony of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Damir Sagolj Acquire Licensing RightsBEIJING, Nov 2 (Reuters) - China ordered the lowering of the national flag at Tiananmen Square in the heart of the Chinese capital Beijing on Thursday, when the remains of former premier Li Keqiang are scheduled to be cremated, state media said. The national flag will be flown at half mast across the country, the official Xinhua News Agency said on Tuesday, including at Beijing's Great Hall of the People, the foreign ministry as well as seats of local governments across the country, and diplomatic missions. Li, a former economist and pro-reform leader who served as the premier for 10 years before retiring in March, died of a heart attack in Shanghai last Friday and his remains were transferred to the capital the same day. Reporting by Liz Lee and Shanghai newsroom; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons: Li, Damir Sagolj, Li Keqiang, Liz Lee, Christian Schmollinger Organizations: People's Congress, of, People, REUTERS, Rights, Xinhua News Agency, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai
[1/6] Egyptian ambulances convoy which will carry critically injured people waits to go through the Rafah crossing from the Egyptian side, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Rafah, Egypt November 1, 2023. REUTERS/Stringer Acquire Licensing RightsDOHA/DUBAI, Nov 1 (Reuters) - Qatar has mediated an agreement between Egypt, Israel and Hamas, in coordination with the U.S., which will allow limited evacuations from besieged Gaza, a source briefed on deal told Reuters on Wednesday. Israel sent its forces into Gaza following weeks of air bombardments in retaliation for a major attack by Iran-backed Hamas on Oct 7. Ten ambulances were sent to Rafah on Tuesday in anticipation. Israel has vowed to annihilate Hamas after several inconclusive wars dating back to the militant group's 2007 takeover of Gaza.
Persons: Stringer, Israel, Abu Ubaida, Sheikh Zuwayed, Benjamin Netanyahu, Andrew Mills, Nadine Awadalla, Christian Schmollinger, Jason Neely Organizations: Hamas, REUTERS, Rights DOHA, U.S, Reuters, Paltel, Thomson Locations: Israel, Palestinian, Rafah, Egypt, DUBAI, Qatar, Gaza, Iran, Sheikh, Sinai, Doha
Overseas sales last month by Asia's fourth-largest economy rose 5.1% year-on-year to $55.09 billion, trade data showed on Wednesday. By destination, exports to the United States gained 17.3%, the most since May 2022, while China-bound shipments fell 9.5%, the least in 13 months. Exports of cars rose 19.8%, extending gains to a 16th straight month, while petroleum products also jumped 18.0%, after seven straight months of decline. Semiconductor shipments fell for the 15th consecutive month, but the 3.1% drop in October was the smallest in the streak. In October, South Korea's factory activity contracted for the 16th straight month, but the decline in new export orders softened, another survey showed on Wednesday.
Persons: Lee Jae, Asia's, Lee Jeong, Jihoon Lee, Christian Schmollinger, Muralikumar Anantharaman, Sonali Paul Organizations: Busan New, REUTERS, Rights, Overseas, United States, Eugene Investment Securities, Trade, Thomson Locations: Busan, Busan New Port, Seoul, Rights SEOUL, United States, China, United, Israel, South
Mandatory credit Kyodo/via REUTERS Acquire Licensing RightsTOKYO, Oct 31 (Reuters) - A suspected gunman took at least two people hostage in a post office in Japan after wounding two other people in a shooting at a hospital, authorities and media said on Tuesday. At least two female post office workers in their 20s and 30s were taken hostage, local media reported. Two people were injured at the hospital, media reported. Images broadcast on television showed a man wearing a track suit top and white shirt standing just inside the post office brandishing what looked like a pistol. There were just nine shooting incidents last year, according to the national police agency, of which six were related to criminal gangs.
Persons: Shinzo Abe, Sugiyama Satoshi, Sakura Murakami, Tim Kelly, John Geddie, Christian Schmollinger, Ed Osmond Organizations: Police, Kyodo, REUTERS Acquire, Rights, NHK, Thomson Locations: Warabi, Saitama Prefecture, Japan, Tokyo, Toda
A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. The world's largest offshore wind farm developer has made a final investment decision on Revolution Wind, Orsted said in a statement, adding that it is expected to be completed by 2025. Development of the wind projects had been adversely affected by supply chain issues, increased interest rates and a lack of an OREC (offshore renewable energy certificate) adjustment on it's Sunrise Wind project, the company said. "Significant adverse developments from supply chain challenges, leading to delays in the project schedule, and rising interest rates have led us to this decision," Orsted chief executive officer Mads Nipper said. In August, Orsted said it may see U.S. impariments of $2.3 billion due to supply chain problems, soaring interest rates and a lack of new tax credits.
Persons: Tom Little, Orsted, Mads Nipper, Joe Biden, Gursimran Kaur, Christian Schmollinger, Michael Perry Organizations: REUTERS, U.S, Thomson Locations: Nysted, Denmark, Bengaluru
HONG KONG, Oct 30 (Reuters) - A Hong Kong court acquitted U.S. State Senator Jeff Wilson of illegally possessing a firearm in the Chinese-ruled city as long as he doesn't commit any crime for the next two years. A Republican party member, he has served in the state senate since 2021 and is also a Port of Longview Commissioner. "This is not the first time he came to Hong Kong or China, he used to be a trade delegate to Hong Kong and China. He should have known that the scrutiny in Hong Kong and China is strict," So said. Carrying a firearm without a license in Hong Kong is illegal and offenders can face up to HK$100,000 ($12,800) and a maximum of 14 years in prison.
Persons: Jeff Wilson, Wilson, Don So, Dorothy Kam, Farah Master, James Pomfret Organizations: Hong, U.S, Washington State Senate, Republican, HK, Christian, Thomson Locations: HONG KONG, Hong Kong, Longview, China, Southeast Asia, Portland, U.S, San Francisco
Panama's President Laurentino Cortizo Cohen addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. "I've respectfully listened to those who oppose the contract with Minera Panama," Cortizo said, using the name of First Quantum's local unit. Neither First Quantum nor Minera Panama immediately responded to requests for comment. On Saturday, Minera Panama voiced concern after protesters on boats approached the international Punta Rincon port where it operates. After Cortizo's announcement, Panama's main workers' union said its members will keep protesting in the streets until the contract is annulled.
Persons: Laurentino Cortizo Cohen, Eduardo Munoz, Laurentino Cortizo, Cortizo, I've, Minera, Valentine Hilaire, Elida Moreno, Daina Beth Solomon, Christian Schmollinger, Simon Cameron, Moore Organizations: General Assembly, REUTERS, PANAMA CITY, Sunday Panama, Minera, Central, Protesters, Critics, Punta Rincon, Thomson Locations: New York City, U.S, PANAMA, Panama, Central American, Minera Panama
But Johnson told Fox News in an interview late on Thursday that House Republicans want "certain conditions" attached to any stopgap bill. "We need a path forward," said Representative Steve Womack, a senior Republican member of the House Appropriations Committee. Meanwhile, the House and Senate must deal -- in one fashion or another -- with the 12 regular spending bills funding government activities for the fiscal year. For months, many Republicans had opposed such a measure, arguing it simply enshrines spending priorities written last year by Democrats, who controlled the House, Senate and White House. SENATE PROGRESSThe Senate, following long delays imposed by a few Republicans, moved ahead with three of its 12 bipartisan funding bills.
Persons: Kevin Wurm, Mike Johnson, Johnson, Johnson's, Kevin McCarthy, Steve Womack, Womack, Joe Biden, Thomas Massie, Chuck Schumer, Schumer, Hakeem Jeffries, dealmaking, Andy Biggs, Richard Cowan, David Morgan, Scott Malone, Richard Chang, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, U.S . House, Fox News, Republicans, Republican, Democratic, Biden, White, Defense Department, federal Social Security, Top, Christian, Thomson Locations: Washington , U.S, U.S, Israel, Ukraine, Mexico, Washington
Republican presidential candidate Larry Elder speaks at the Republican Party of Iowa's Lincoln Day Dinner in Des Moines, Iowa, U.S., July 28, 2023. REUTERS/Scott Morgan/File Photo Acquire Licensing RightsWASHINGTON, Oct 26 (Reuters) - Right-wing U.S. radio host Larry Elder said on Thursday he was suspending his campaign for the 2024 Republican presidential nomination and endorsing former President Donald Trump. Elder, who joined the race in April, failed to gain enough support to qualify for the Republican Party's candidate debates. "As I look at the path forward, and after careful consideration and consultation with my campaign team, I have made the difficult decision to suspend my campaign," Elder said in a statement posted on X, formerly known as Twitter. Elder urged his supporters to unite behind Trump, the Republican front-runner, to beat Democratic President Joe Biden in the November 2024 election.
Persons: Larry Elder, Scott Morgan, Donald Trump . Elder, Elder, Joe Biden, Trump's, Ron DeSantis, Nikki Haley, Tim Scott, Vivek Ramaswamy, Chris Christie, Mike Pence, Eric Beech, Christian Schmollinger Organizations: Republican Party of Iowa's, REUTERS, Rights, U.S, Republican, Twitter, Trump, Democratic, Florida, South Carolina, New, Thomson Locations: Des Moines , Iowa, U.S, New Jersey
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