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The combined business comprises over 9,000 professionals in more than 50 jurisdictions, EQT said in a statement. BPEA EQT had tapped Goldman Sachs to be the lead adviser on the merger of the two companies, Reuters reported. Simon Webster, who joined Vistra as CEO in November 2022, will be the CEO of the combined business, EQT said. BPEA bought Tricor from private equity firm Permira in 2021 for $2.8 billion. EQT agreed last year to buy BPEA or Baring Private Equity Asia in a deal worth 6.8 billion euros ($7.5 billion), creating BPEA EQT.

Persons: EQT, BPEA, BPEA EQT, Goldman Sachs, Lazard, Simon Webster, Webster, Vistra, Tricor, Gokul, Nivedita Bhattacharjee, Mark Potter Organizations: Reuters, Barclays, HSBC, Vistra, Baring Private Equity Asia, Thomson Locations: Hong Kong, China, Vistra, Bengaluru, Yantoultra, Singapore

☆ Fox likely to push Emmys to January due to strikes - reports
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Fox is expected to announce soon that television's Emmys will be rescheduled to air in January next year due to strikes by writers and actors in the United States, the Los Angeles Times reported on Thursday, citing a person familiar with the plans. The strikes were expected to delay the Emmys ceremony beyond its normal September date. Variety reported earlier on Thursday that vendors for the Emmys Awards had been informed of the imminent date change. Fox declined to comment while the Television Academy did not immediately respond to Reuters. Reporting by Shubhendu Deshmukh, Bharat Govind Gautam and Gokul Pisharody in Bengaluru; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Fox, Shubhendu Deshmukh, Bharat Govind Gautam, Gokul, Christian Schmollinger Organizations: Fox, Los Angeles Times, LA Times, Hollywood, Variety, Television Academy, Reuters, Thomson Locations: United States, Bengaluru

☆ Bud Light maker to lay off hundreds of US corporate staff after sales slump - CNN
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] FiILE PHOTO: Cans of AB InBev's Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago, Illinois, U.S. October 21, 2020. Picture taken October 21, 2020. REUTERS/Richa NaiduJuly 26 (Reuters) - Anheuser-Busch InBev (ABI.BR), whose Bud Light sales have recently slumped in the United States, will lay off hundreds of corporate staff in the country, CNN reported on Wednesday citing a company statement. The job cuts would represent less than 2% of total employees at the world's largest brewer, but would not include frontline staff like brewery and warehouse staff, drivers, field sales among others, CNN reported. Reporting by Gokul Pisharody in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Bud, seltzer, Richa Naidu, Bud Light, influencer Dylan Mulvaney, Gokul, Nivedita Organizations: REUTERS, Anheuser, Busch InBev, CNN, Busch, Budweiser, Constellation Brands, Modelo Especial, Thomson Locations: Chicago , Illinois, U.S, United States, Bengaluru

The prosecutors wrote to U.S. District Judge Lewis Kaplan on Thursday referencing a New York Times article titled "Inside the Private Writings of Caroline Ellison, Star Witness in the FTX Case". Ellison led Bankman-Fried's Alameda Research hedge fund and has pleaded guilty to defrauding investors and agreed to cooperate with prosecutors. In December, Bankman-Fried said he and Ellison had been in a relationship but gave no further details. Neither New York Times nor Ellison's lawyers responded to Reuters' requests for comment. The prosecutors argued that by sharing these documents, Bankman-Fried was trying to malign Ellison's credibility, and that such conduct could chill witnesses from testifying and taint the jury pool.

Persons: Sam Bankman, District Judge Lewis Kaplan, Caroline Ellison, Ellison, Fried, Prosecutors, Bankman, FTX, Shubham Kalia, Gokul, Jonathan Stempel, Sam Holmes Organizations: U.S, District, New York Times, Star, Alameda Research, FTX Trading, Thomson Locations: Bankman, Alameda, Bengaluru, New York

☆ Magnitude 6.4 earthquake strikes southern Argentina - GFZ
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: 1 min

July 17 (Reuters) - An earthquake of magnitude 6.4 struck the southern Argentine province of Neuquen during the early hours on Monday, the German Research Centre for Geosciences (GFZ) said. The quake was at a depth of 161 km (100 miles), GFZ said. Reporting by Gokul Pisharody in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: GFZ, Gokul, Muralikumar Organizations: German Research Centre, Geosciences, Thomson Locations: Argentine, Neuquen, Bengaluru

☆ Apple scales back Vision Pro production plans on design challenges - FT
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

July 3 (Reuters) - Apple (AAPL.O) has been forced to make major cuts to production forecasts for its Vision Pro augmented-reality headset due to design complexity, the Financial Times reported on Monday citing people with direct knowledge of the process. Chinese contract manufacturer Luxshare, Apple's only assembler of the device, was preparing to make fewer than 400,000 units of Vision Pro in 2024, the newspaper said, citing two people close to Apple and Luxshare. Apple had an earlier internal sales target of 1 million units of the headset in the first 12 months, as per the FT report. A major difficulty in the production process is the manufacturing of the micro-OLED displays for the device, FT reported. Apple and Luxshare did not immediately respond to an email asking for specifics of the challenges.

Persons: Apple, Luxshare, Gokul, Nivedita Organizations: Financial Times, Vision Pro, Apple, Thomson Locations: United States, China, Bengaluru

☆ China foreign-exchange regulator Pan Gongsheng named central-bank party boss
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +2 min

July 1 (Reuters) - China's ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank's party secretary on Saturday, a move the Wall Street Journal said would be a prelude to becoming governor. The party's Central Organization Department announced the decision at a meeting on Saturday afternoon, the People's Bank of China (PBOC) said in a statement on its website. The Journal reported hours earlier that Pan would be named to the party post before being appointed by the government to head the PBOC. The central bank said on Friday it would implement prudent monetary policy in a "precise and forceful manner" to support economic growth and employment. The current governor, Yi Gang, has been widely expected to retire since being left off the ruling Communist Party's Central Committee during the party's once-in-five-years congress in October.

Persons: Pan Gongsheng, Pan, Yi, Xi Jinping, Gokul Pisharody, Bharat Govind Gautam, Simon Cameron, Moore, William Mallard Organizations: Communist Party, Wall Street, party's Central Organization Department, People's Bank of China, The, Cambridge University, Harvard University, SAFE, Communist Party's, Thomson Locations: Bengaluru

☆ Canada's revenue agency investigates employees over pandemic benefits, 20 let go
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +1 min

June 30 (Reuters) - The Canada Revenue Agency (CRA) on Friday removed 20 of its employees from services and said it was investigating about 1% of its total workforce thereby digging deeper into cases wherein workers may have inappropriately received pandemic benefits payments. The tax agency is investigating a "limited number" representing about 600 of its employees, CRA said in an emailed statement. CRA said the number of people being removed from service is "likely" to increase toward the completion of the review. The Canada Emergency Response Benefit was rolled out in 2020 to offer broad support to millions of Canadians who lost their jobs amid coronavirus shutdowns. It provided financial support to employed and self-employed Canadians who were directly affected by COVID-19.

Persons: Bharat Govind Gautam, Mrinmay Dey, Gokul, William Mallard, Edwina Gibbs, Franklin Paul Organizations: Canada Revenue Agency, Franklin Paul Our, Thomson Locations: Canada, Bengaluru

June 29 (Reuters) - Typeface, a generative AI platform for enterprise content creation, said on Thursday that it was valued at $1 billion after an oversubscribed Series B funding round led by Salesforce's (CRM.N) global investment arm, bringing the total capital raised to $165 million. The $100 million round also saw participation from Lightspeed Venture Partners, Madrona, GV (Google Ventures), Menlo Ventures, and M12, Microsoft's Venture Fund, the company said. In February, Lightspeed Venture Partners, GV, Menlo Ventures, and M12 invested $65 million when Typeface emerged from stealth and launched publicly. AI startups have emerged as a bright spot for investments this year amid a wider slowdown in funding caused by rising interest rates and high inflation. Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Salesforce's, Gokul, Krystal Hu, Gerry Doyle Organizations: Lightspeed Venture Partners, GV, Google Ventures, Menlo Ventures, Microsoft's Venture Fund, Google, Thomson Locations: Bengaluru, Toronto

☆ Microsoft says early June service outages were cyberattacks
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

June 17 (Reuters) - Microsoft said on Friday that the outages that affected certain services of the company through some of the earlier days of this month were the result of cyberattacks, but said it saw no evidence of any customer data being accessed or compromised. "Beginning in early June 2023, Microsoft identified surges in traffic against some services that temporarily impacted availability'" the company said in a blog post. Microsoft said it opened an investigation and began tracking the DDoS activity by the threat actor it refers to as Storm-1359 after it identified the threat. Microsoft did not immediately respond to a request by Reuters as to whether the company had identified the party responsible for the attack. DDoS attacks work by directing high volumes of internet traffic towards targeted servers in a relatively unsophisticated bid to knock them offline.

Persons: Gokul, Franklin Paul Organizations: Microsoft, Storm, Reuters, Franklin Paul Our, Thomson Locations: Bengaluru

☆ Elon Musk says Twitter video app for smart TVs is 'coming'
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

June 17 (Reuters) - A Twitter video app for smart TVs is in the social media company's plans, owner Elon Musk said in a tweet on Saturday, a move that would be in line with the company's new plans to focus on growing video content on the platform. In response to a tweet suggesting that a Twitter video app is needed, Musk replied "It's coming". The investor presentation was reviewed by Reuters. One slide of the presentation said that vertical video accounted for more than 10% of time spent on Twitter. Former Fox News host Tucker Carlson launched a new show earlier this month on the platform called "Tucker on Twitter."

Persons: Elon Musk, Musk, Linda Yaccarino, Tucker Carlson, Tucker, Carlson, Gokul, Franklin Paul Organizations: Reuters, Twitter, Former Fox News, Franklin Paul Our, Thomson Locations: Bengaluru

☆ WestJet to shut down Sunwing Airlines
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: 1 min

June 17 (Reuters) - WestJet group is planning to wind down low-cost carrier Sunwing Airlines and integrate it into its main business, according to a memo seen by Reuters. The move is part of the integration process by WestJet which completed the acquisition of Sunwing airlines in May. Once the integration is complete, all Sunwing employees will continue to have employment with Westjet, said Len Corrado, President, Sunwing Airlines, in the internal memo sent to the employees. The news was first reported by Canadian Press in CBC. Our Standards: The Thomson Reuters Trust Principles.

Persons: Westjet, Len Corrado, Gokul, Divya Rajagopal, Allison Lampert Organizations: Sunwing Airlines, Reuters, Canadian Press, CBC, Thomson Locations: Bengaluru

☆ Tesla raises US price of Model Y
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: 1 min

June 13 (Reuters) - Tesla Inc (TSLA.O) increased the U.S. price of its Model Y electric vehicle on Tuesday, according to its website. The company raised the price by $250 to $47,740 for this variant. Reporting by Gokul Pisharody in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Gokul, Rashmi Organizations: Tesla Inc, Thomson Locations: Bengaluru

☆ Tesla slightly raises Model Y price in US
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

June 13 (Reuters) - Tesla Inc (TSLA.O) slightly increased the price of its Model Y electric vehicle in the United States on Tuesday, according to its website. The company increased the price of the variant by a mere $250, bringing it to $47,740, the website showed, while the prices for the other variants remained unchanged in the U.S. This is the third price hike for the Model Y since April 19, when Tesla last cut prices for some of its cars in the country. In May, the company had increased the price of its Model S, X, and Y vehicles by low single-digit percentages. But even after Tuesday's price hike, the price of the Model Y remains 4.5% below the price before it was slashed earlier in April.

Persons: Tesla, Elon Musk, Gokul, Rashmi Organizations: Tesla Inc, Thomson Locations: United States, U.S, Bengaluru

☆ PMA says US West Coast port workers shut down Port of Seattle; workers' union denies claim
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +2 min

"On the first shift today, the ILWU refused to dispatch any longshore workers to container terminals, the PMA said, resulting in the shutdown of the port. The ILWU, however, said that the West Coast ports are open and accused the PMA of "leveraging one-sided information to influence the process." “Despite what you are hearing from PMA, West Coast ports are open as we continue to work under our expired collective bargaining agreement,” said ILWU International President Willie Adams. West Coast ports stretching from California to Washington state are critical to the U.S. supply chains and the economy. The largest U.S. business group on Friday urged President Joe Biden to intervene immediately and appoint an independent mediator to address a protracted West Coast ports labor dispute.

Persons: ”, Willie Adams, Joe Biden, Suzanne Clark, Biden, Gokul, Diane Craft, Andrea Ricci Organizations: Pacific Maritime Association, International, Warehouse Union, Port, ILWU, Unions, . Chamber of Commerce, Thomson Locations: Port of Seattle, West, West Coast, California, Washington, U.S, Port, Seattle, Bengaluru

☆ Twitter is refusing to pay its Google Cloud bills- Platformer
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

June 10 (Reuters) - Twitter has refused to pay its Google Cloud bills (GOOGL.O) as its contract comes up for renewal this month, which could result in the social media company's trust and safety teams being crippled, Platformer reported on Saturday. The Information said Twitter has been trying to renegotiate its contract with Google since at least March. Twitter hosts some services on its server and houses others on the cloud platforms of Amazon (AMZN.O) and Google, Platformer said. In March, Amazon warned Twitter that it would withhold advertising payments because of the company's outstanding bills to Amazon Web Services for cloud computing services, according to the Information. Musk ordered the company to cut infrastructure costs, such as spending on cloud services, by $1 billion, a source had told Reuters in November.

Persons: Elon, Twitter, Musk, Gokul, Cynthia Osterman Organizations: Twitter, Google, Amazon, Amazon Web Services, Reuters, Thomson Locations: Elon Musk's, Bengaluru

☆ Twitter is refusing to pay its Google Cloud bills, Platformer reports
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

Persons: Elon, Twitter, Musk, Gokul, Cynthia Osterman Organizations: Twitter, Google, Amazon, Amazon Web Services, Reuters, Thomson Locations: Elon Musk's, Bengaluru

☆ Telegraph faces sale after UK lender takes control of owners
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - The Telegraph group of newspapers could be sold after the Bank of Scotland appointed receivers for shares of the publisher's owners who failed to repay loans by the bank, restructuring group AlixPartners said on Wednesday. No operational changes are expected for the media businesses or their employees, and "neither the Telegraph Media Group (TMG) nor The Spectator are entering administration," AlixPartners added. The Barclay family owns shares of B.UK Ltd, a holding company within the Penultimate Investment Holdings Limited (PIHL) Group that indirectly owns Telegraph Media Group Limited (TMG) and The Spectator magazine. AlixPartners said the receivers may reach a resolution which could involve the Telegraph and Spectator businesses being sold. Sky News reported on Tuesday that Lloyds was set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and The Spectator magazine.

Persons: AlixPartners, Alastair Beveridge, Ben Browne, Barclay, Aidan Barclay, Howard Barclay, Philip Peters, Rigel Mowatt, Gokul Pisharody, Bharat Govind Gautam, Chiara Ellsei, Chris Reese, Richard Chang Organizations: Telegraph, Bank of Scotland, Lloyds Banking Group, Telegraph Media, B.UK Ltd, Investment Holdings, Group, Telegraph Media Group, Spectator, The Spectator, Sky News, Lloyds, Thomson Locations: Bengaluru

☆ United Airlines pilots union votes to authorize a strike vote
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Pilots from United Airlines take part in an informational picket at Newark Liberty International Airport in Newark, New Jersey, U.S., May 12, 2023. REUTERS/Eduardo Munoz/File PhotoJune 2 (Reuters) - The United Airlines Holdings Inc (UAL.O) pilots union has unanimously voted to authorize a strike vote, the union chair said in a letter to pilots on Friday. "You'll receive more communication regarding this impending strike vote in the coming days," the letter says. A spokesman for the Air Line Pilots Association (ALPA) said it has not yet set a date for the strike vote. Since then, United pilots have been protesting for a better deal.

Persons: Eduardo Munoz, we're, United's, Kanjyik Ghosh, Gokul Pisharody, William Mallard Organizations: Pilots, United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, Air Line Pilots Association, Delta Air Lines, Industry, ALPA, United, Thomson Locations: Newark , New Jersey, U.S, North America, Bengaluru

☆ Stellantis says UK needs to change Brexit deal -BBC
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

Companies Stellantis NV FollowMay 16 (Reuters) - Stellantis (STLAM.MI), one of the world's biggest automakers, has said that UK needs to renegotiate parts of its Brexit deal or risk losing parts of its car industry, the BBC reported on Tuesday. The carmaker urged the government to reach an agreement with the European Union about keeping the current rules till 2027, or else "trade between the UK and EU would be subject to 10% tariffs," BBC quoted Stellantis as saying. Stellantis said its UK investments were based on meeting the strict terms of the post-Brexit free trade deal, citing a submission to a Commons inquiry into electric car production, said the report without mentioning when the statements were made. Under the trade deal, starting 2024, 45% of the value of EVs should originate in the EU or UK to qualify for trade without tariffs, the BBC said. Stellantis' submission says that uncompetitive electric vehicle costs will mean "manufacturers will not continue to invest" and will "relocate manufacturing operations outside of the UK", the report said.

☆ Change Brexit deal or watch factories close, carmaker Stellantis warns
▼ + stars: | 2023-05-16 | by ( Kate Holton | ) www.reuters.com time to read: +3 min

May 16 (Reuters) - British car factories will be forced to close with the loss of thousands of jobs if the government does not renegotiate its Brexit deal immediately, automaker Stellantis (STLAM.MI) warned on Wednesday. "Manufacturers will not continue to invest and (instead will) relocate manufacturing operations outside of UK, as seen with previously established UK manufacturers such as Ford and Mini." Under the trade deal agreed when Britain left the bloc, 45% of the value of an electric vehicle must come from Britain or the EU from 2024 to avoid tariffs. "If you don't have a battery capability in the UK, then those car manufacturers will move to mainland Europe." Britain has drawn electric vehicle investment from Nissan and Ford, while other big players are still weighing up where to invest.

The Shenzhen-listed company, known for its flagship SF Express delivery business, has started preparations for the Hong Kong listing and aims to file the prospectus with the Hong Kong exchange by June, one of the sources said. SF Holding, which has a market value of 267 billion yuan ($38.63 billion), did not immediately respond to Reuters' request for comment. Bloomberg News on Friday first reported SF Holding's listing plans, citing people familiar with the matter. Its express delivery business covers nearly 100 countries overseas including the United States and Japan, according to its 2022 annual report. SF went public in Shenzhen in 2017 and listed two of its units - SF Real Estate Investment Trust (2191.HK) and Hangzhou SF Intra-City Industrial (9699.HK) - in Hong Kong in 2021.

☆ Tesla resumes U.S. orders for a Model 3 version at lower price, range
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at last August when Tesla halted taking orders in the United States and Canada. Model 3 Long Range has a range of “325+” miles per charge, down from 358 miles. It is eligible for a $3,750 government subsidy, compared with a full $7,500 subsidy for a Model 3 Performance version. Tesla expects to resume delivery of the long-range Model 3 electric sedan in June, according to the website. The long-range version of the entry-level Model 3 has a range of more than 325 miles (523 kilometers) on a single charge.

☆ Tesla resumes US orders for Model 3 long-range version at lower price
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

May 3 (Reuters) - Tesla Inc (TSLA.O) has resumed taking orders for its Model 3 long-range version in the United States, the company's website showed late on Tuesday, after a temporary halt last year due to delivery backlogs. The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at last August when Tesla halted taking orders in the U.S. and Canada. Tesla expects to resume delivery of the long-range Model 3 electric sedan in June, according to the website. The long-range version of the entry-level Model 3 has a range of more than 325 miles (523 kilometers) on a single charge. To boost sales, Tesla has been regularly modifying the prices of its vehicles since the start of this year.

☆ Five dead in Texas shooting, armed suspect on the loose, ABC News reports
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +1 min

April 29 (Reuters) - Five people including an 8-year-old child were killed in a shooting at a home in Cleveland, Texas, ABC News reported on Saturday, citing local police and authorities. The shooting took place late Friday and the police were still looking for the suspect, the report added. The San Jacinto County Sheriff's office told the broadcaster that the suspect was a Mexican man who was intoxicated, armed and on the run. The San Jacinto County Sheriff's office could not immediately be reached for a comment. Police did not disclose the identity of the victims or their possible relationship to the suspect, but said that they were all from Honduras, the ABC report said.

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