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☆ Emerson Electric to buy NI Corp for $8.2 billion in automation push
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - U.S. industrial conglomerate Emerson Electric Co (EMR.N) on Wednesday said it would buy measurement equipment maker NI Corp (NATI.O) for $8.2 billion in an effort to boost its automation capabilities. The purchase of Texas-based NI, which provides software-connected automated test and measurement systems, will help Emerson achieve a higher-growth and higher-margin automation portfolio. NI launched a formal sale process in January after Emerson threatened to challenge its board if it did not engage in deal negotiations. Reuters reported on Tuesday that Emerson was in advanced talks to acquire NI. Goldman Sachs & Co LLC and Centerview Partners LLC are serving as financial advisors to Emerson, while Davis Polk & Wardwell LLP is serving as legal advisor.

☆ UK's Sunak, Biden discussed NI investment, foreign policy
▼ + stars: | 2023-04-12 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsUK's Sunak, Biden discussed NI investment, foreign policyPostedBritish Prime Minister Rishi Sunak said he spoke to U.S. President Joe Biden on Wednesday (April 12) about the ?incredible economic opportunities? for Northern Ireland.

☆ Ukrainian dolphin refugees delight Romanian kids
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Olimpiu GheorghiuBUCHAREST, April 6 (Reuters) - At the dolphinarium in the Black Sea port city of Constanta, Romanian and Ukrainian trainers are letting dolphins guide them despite language barriers. Last year, the dolphinarium took in four dolphins and three sea lions alongside their trainers and doctors fleeing the shelling in the eastern Ukrainian city of Kharkiv. "Now we have more colleagues ... Ukrainian colleagues and Ukrainian dolphin colleagues," Romanian trainer Mona Mandrescu said at the edge of the pool after a mid-morning performance for hundreds of delighted school children. Romania is one out of some fourteen European Union states that have dolphinariums and captive sea animals. In Kharkiv, the local dolphinarium sought to move their dolphins and sea lions as soon as the shelling started last February.

☆ Ukrainian dolphins find new home in Romanian aquarium
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

BUCHAREST, April 6 (Reuters) - At the dolphinarium in the Black Sea port city of Constanta, Romanian and Ukrainian trainers are letting dolphins guide them despite language barriers. Last year, the dolphinarium took in four dolphins and three sea lions alongside their trainers and doctors fleeing the shelling in the eastern Ukrainian city of Kharkiv. "Now we have more colleagues ... Ukrainian colleagues and Ukrainian dolphin colleagues," Romanian trainer Mona Mandrescu said at the edge of the pool after a mid-morning performance for hundreds of delighted school children. Romania is one out of some fourteen European Union states that have dolphinariums and captive sea animals. [1/4] Ukrainian dolphin trainer Sonia Chezghanova interacts with two dolphins at the Constanta Dolphinarium, where four dolphins and three sea lions from a destroyed aquarium in Ukraine found refuge, in Constanta, Romania, April 4, 2023.

China's four new vice premiers:Ding Xuexiang, 60, is the first-ranked vice premier who also sits in the ruling Communist Party's Politburo Standing Committee, China's top echelon of power. Wang Zhigang, 65, remains minister of science and technology. Huai Jinpeng, 60, remains minister of educationPan Yue, 62, remains head of the National Ethnic Affairs CommissionWang Xiaohong, 65, remains minister of public securityChen Yixin, 63, remains minister of state security. Considered a Xi ally, he had worked with Xi when the latter was party chief of Zhejiang province from 2002-2007. Tang Dengjie, 63, remains minister of civil affairsHe Rong, 60, remains minister of justiceWang Xiaoping, 59, remains minister of human resources and social securityWang Guanghua, 59, remains minister of natural resourcesHuang Runqiu, 59, remains minister of ecology and environmentNi Hong, 60, remains minister of housing and urban-rural developmentLi Xiaopeng, 63, remains minister of transportLi Guoying, 63, remains minister of water resourcesTang Renjian, 60, remains minister of agriculture and rural affairsHu Heping, 60, remains minister of culture and tourismMa Xiaowei, 63, remains head of the National Health CommissionPei Jinjia, 59, remains minister of veterans affairsWang Xiangxi, 60, remains minister of emergency managementHou Kai, 60, remains auditor-general of the National Audit OfficeReporting by Yew Lun Tian, Ziyi Tang, additional reporting by Albee Zhang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ Oscar success puts 'endangered' Irish language centre stage
▼ + stars: | 2023-03-12 | by ( Padraic Halpin | ) www.reuters.com time to read: +3 min

DUBLIN, March 12 (Reuters) - Thousands of miles from the glitz of Sunday's Oscars, the first Irish language film to earn a nomination is sparking renewed interest in a native tongue spoken by so few it is considered endangered by the United Nations cultural agency. Competing for best international feature, "An Cailín Ciúin" (The Quiet Girl) last year became the first Irish language film to gross more than 1 million euros ($1.06 million) at the UK and Irish box office. Director Colm Bairéad says the success feels like it is boosting a language he grew up feeling self-conscious about because of its rarity. Mac Conghai's production company, which creates everything from Irish language children's programmes to dating shows, has more than doubled its number of staff in the past decade. "I think it's a way of seeing the language isn't just something academic or something historical in a museum.

☆ Alibaba and Ant venture to launch RISC-V chips for payments
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting China's semiconductor sector. Alibaba is one of several Chinese tech companies to pour research and development resources into RISC-V, an alternate chip architecture. The open-source nature of RISC-V's design in theory makes it less susceptible to export restrictions. In 2019, Washington imposed export restrictions on China's Huawei Technologies Co Ltd (HWT.UL), which threw the company's access to ARM designs in limbo. In late 2022, the United States launched similar export restrictions on Chinese chip fabs and research labs.

☆ Hopes for Northern Ireland deal send sterling higher
▼ + stars: | 2023-02-27 | by ( Joice Alves | ) www.reuters.com time to read: +2 min

LONDON, Feb 27 (Reuters) - Sterling rose on Monday amid renewed speculation Britain and the European Union will finalise a Northern Ireland deal, which could resolve post-Brexit tensions. The deal is aimed at solving tensions caused by 2020 post-Brexit arrangements governing the British province and its open border with EU member Ireland. Sterling rose 0.36% against the U.S. dollar to $1.1982, after slipping to an almost two month low against the greenback. ING strategists agreed, saying the key focus for sterling would remain interest rate hike expectations. On the other hand, a strengthening dollar could send sterling to $1.1850 this week, ING said in a note.

☆ An 'elite' Russian unit has been weakened by severe front-line losses, and the replacements appear to be making things worse, Western intel says
▼ + stars: | 2023-02-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Russia's 155th Naval Infantry Brigade has suffered heavy losses while fighting in Ukraine. The 155th was considered to be an "elite" unit, but has been degraded, Western intelligence says. It's the latest high-profile Russian unit to see a high number of causalities on the battlefield. SERGEY BOBOK/AFP via Getty ImagesThe 155th is not the only Russian unit considered elite that has suffered severe setbacks and losses in Ukraine. Western intelligence estimates that Russian forces may have suffered as many as 200,000 casualties while fighting in Ukraine, with up to 60,000 troops dead.

☆ Emerson to not proceed with board nominations at takeover target NI Corp
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

Jan 23 (Reuters) - U.S. industrial software firm Emerson Electric Co (EMR.N) said on Monday it would not nominate candidates for election to the board of testing and measurement equipment maker NI Corp (NATI.O) and kept its buyout offer price unchanged. Emerson last week disclosed a hostile $53-per-share offer for NI, which it has been trying to buy unsuccessfully for several months, as it looks to capitalize on upbeat demand in the automation sector. "We are optimistic that the NI Board has commenced a process that we believe will lead to the sale of the company. NI has also confirmed Emerson will be a participant in that process," Emerson said. Emerson expects to increase its footprint in the testing and measurement market and bolster its portfolio of automation products if the offer to acquire NI goes through.

☆ Jim Cramer's Investing Club meeting Monday: Exercise restraint, Salesforce, Emerson Electric
▼ + stars: | 2023-01-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch Emerson Emerson Electric (EMR) on Monday issued an update on its hostile takeover bid for National Instruments (NATI), saying the industrial conglomerate's "premium all-cash proposal at $53 a share, with no financing conditions or anticipated regulatory concerns, is compelling and in the best interest of Emerson and NI shareholders." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ COVID-hit Chinese factories eye gradual recovery after Lunar New Year break
▼ + stars: | 2023-01-19 | by ( David Kirton | ) www.reuters.com time to read: +5 min

But people running factories expect that the sudden U-turn will at least deliver a recovery that will be faster than what would have followed a phased withdrawal of controls. Economically, the country should finally leave behind a pandemic that suppressed domestic demand and snarled global supply chains for three years. LIMPING BACK TO NORMALLi's factories had to scramble last month, when up to a third of their workers were down with COVID at the same time. Her industry peer Li says his factories might even need to cut jobs later this year if external demand weakens. "If the U.S. economy enters a recession, then it's going to be very damaging to us," he said.

"Junji Ito Maniac: Japanese Tales of the Macabre" comes to Netflix on January 19. The 12-episode anime series brings 20 of Ito's horror manga tales to life. How to watch 'Junji Ito Maniac: Japanese Tales of the Macabre'You can watch "Junji Ito Maniac: Japanese Tales of the Macabre" exclusively on Netflix starting January 19. "Junji Ito Maniac: Japanese Tales of the Macabre" is based on 20 of Junji Ito's horror stories from a handful of his manga. Junji Ito is a horror manga artist with something of a cult following.

☆ Emerson makes $7.6 bln offer for NI Corp public after rebuffed approaches
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

Jan 17 (Reuters) - U.S. industrial and software firm Emerson Electric Co (EMR.N) on Tuesday made public its offer to buy NI Corp (NATI.O) in a deal with an enterprise value of $7.6 billion after the automated testing equipment maker rebuffed earlier approaches. The software firm's all-cash bid of $53 per share represents a premium of about 13% to NI's close on Friday. Shares of NI were up 13%, at the offer price, in trading before the bell, while Emerson fell 4%. Texas-based NI, formerly known as National Instruments, specializes in making automated testing and measurement tools to aid in research and validation of new technologies. Emerson said NI has not engaged 'meaningfully' since its bid of $53 per share was made privately in November.

Jan 13 (Reuters) - NI Corp (NATI.O), a provider of testing and measuring equipment, said on Friday it was exploring strategic options after acquisition interest from companies that people familiar with the matter said include Emerson Electric Co (EMR.N). The acquisition interest from potential suitors, according to the sources, forced NI to adopt a so-called poison pill, which would be triggered if a person or a group's ownership of the firm reaches 10%. The sources, who requested anonymity as the discussions are confidential, cautioned that the talks with suitors including Emerson are subject to market conditions, and a deal is not guaranteed. Texas-based NI, formerly known as National Instruments, specializes in making automated testing and measurement tools to aid in research and validation of new technologies. In October, Emerson sold a majority stake in its climate technologies unit to Blackstone Inc (BX.N) in a deal that valued the business at $14 billion.

☆ China property shares rise on easing of mortgage rules for some buyers
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, Jan 6 (Reuters) - Shares of Chinese property developers climbed on Friday, lifted by more state support measures to bolster the highly indebted sector as China prepares to reopen its pandemic-hit economy. The property sector, which accounts for a quarter of China's massive economy, was badly hit last year after developers were unable to finish building projects that led to mortgage boycotts by some home buyers. Lockdowns and movement control measures to control the spread of COVID-19 also hurt buyer sentiment. The housing authorities also vowed to give strong support to first-time home buyers by allowing smaller down payments and cutting mortgage interest rates. Reporting by Clare Jim and Donny Kwok; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ China establishes mortgage rate adjustment mechanism for some home buyers
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Jan 5 (Reuters) - China's central bank and the banking and insurance regulator have established a dynamic adjustment mechanism on mortgage rates for first-time home buyers, the central bank said on Thursday, in a bid to further support the property sector. The crisis in China's property market, once a pillar of the world's second-biggest economy, worsened last summer with home prices, sales and investment all falling sharply. According to analysts' calculation, 38 cities are eligible for adjustable mortgage rate floors, including some second-tier cities such as Wuhan and Zhengzhou and more than 20 smaller cities. Analysts said the move shows the government's growing intent to support demand in weak cities, but added the impact may be limited. "Lowering mortgage rates has not been able to drive sales.

“I haven’t seen sunlight in what seems like a long time,” Li told CNN, a week after the protests broke out. In recent years, Beijing has extended its crackdown on dissent to the foreign platform, detaining and jailing Chinese Twitter users who criticized the government. TwitterLi received thousands of submissions a day – and up to dozens per second at the height of the protests. Journalists, observers and activists monitored his feed closely, and some of his posts were aired on televisions across the world. And then they went to our house at midnight to harass my parents,” Li said.

☆ Royal teen at Qatar World Cup goes viral in China
▼ + stars: | 2022-12-03 | by ( Dorothy Kam | ) www.nbcnews.com time to read: +2 min

La'eeb during the opening ceremony of the World Cup in Doha, Qatar on Nov. 20. Karim Jaafar / AFP via Getty Images fileThey had earlier joked about La’eeb’s resemblance to traditional Chinese dumpling wrappers, and so Abdulrahman's nickname was born. “We love him because he is so cute,” one user commented on Weibo, a popular social media platform similar to Twitter. On Weibo, which he joined on Wednesday as “Little Prince La’eeb,” he has posted twice and gained almost 2.5 million followers. Qatar has since been eliminated from the World Cup, becoming the first host country to lose all three matches in the group stage.

☆ New Zealand increases funding for Vanuatu wharves
▼ + stars: | 2022-11-23 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/2] New Zealand Foreign Minister Nanaia Mahuta speaks during a session of the UN Human Rights Councill in Geneva, Switzerland February 28, 2022. New Zealand's Foreign Minister Nanaia Mahuta said in a statement on Wednesday that building climate-resilient wharves and establishing reliable and regular shipping services would help the prosperity and wellbeing of the people of Vanuatu. The project is part of the Vanuatu Inter-Island Shipping Support Project, which has among a number of projects, has completed two wharves. New Zealand, alongside the government of Vanuatu and the Asian Development Bank, has been a co-financier of the project since 2012. Foreign investment in wharves in Vanuatu came into the spotlight in 2018 following media reports China wanted to establish a military base in Vanuatu after funding a wharf big enough to handle large warships.

☆ The Fed, earnings, jobs and China: How we think about this week's deluge of data
▼ + stars: | 2022-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

It is very premature, in my view, to think about or be talking about pausing our rate hikes. The news sent those stocks reliant on China for growth — Starbucks, Estee Lauder and Wynn Resorts, among many others — higher. Or bad news could just be bad news if weak data signals a recession ahead. And good news could be good news: for example, if China reopens and U.S. companies exposed to the region see a boost in demand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Prayers and release of birds to mark 20 years since Bali bombing
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +4 min

Doves are released during a memorial service to mark the 20th anniversary of the Bali bombings, which killed 202 people including 88 Australians, at Coogee Beach in Sydney, Australia, October 12, 2022. People of about 20 other nationalities also died in the attacks on the island that is a popular holiday destination, especially for visitors from nearby Australia. Register now for FREE unlimited access to Reuters.com RegisterA ceremony including peace prayers and the symbolic release of 20 birds will be among several events taking place on the predominantly Hindu island, including at a memorial erected in the area of the blasts. Prime Minister Anthony Albanese spoke at a ceremony at Coogee Beach in Sydney, home to the Dolphins rugby team, which lost six members in the attacks. "Even when I realise I am not in Kuta traffic, I can shake in fear, break out in a cold sweat and feel really scared."

☆ What do tax cuts and market chaos mean for young Brits? 3 experts give their advice
▼ + stars: | 2022-10-03 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +4 min

His plan includes widespread tax cuts, fewer rules and regulations for businesses and the removal of a cap on bonuses for bankers. Google searches like "do the tax cuts help me" skyrocketed, while outrage was rife on social media. Do the tax cuts equal more cash in hand? The majority of first-time buyers fall below this threshold and therefore won't benefit from the cuts, Jobson said. "The change mainly benefits high-earning first-time buyers and those with sufficient backing from the bank of mum and dad," he added.

☆ Britain pursues 'trickle-down economics' despite scorn from Biden. And the stakes are sky-high
▼ + stars: | 2022-09-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Biden, in a tweet Tuesday, said he was "sick and tired of trickle-down economics," adding "it has never worked." Liz Truss U.K. prime ministerCritics, including Britain's opposition Labour party, have argued that such measures disproportionately benefit the wealthy. Questions have also been raised over how the policies will be funded, with tax cuts expected to lead to higher borrowing. Truss has argued that resultant growth will bring in more revenue which will cover those borrowing costs.

☆ Încălcările depistate de Promo-LEX în campania electorală: Utilizarea resurselor administrative şi discursuri care instigă la ură
▼ + stars: | 2021-07-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Utilizarea resurselor administrative în campanie şi discursuri care instigă la ură. Sunt principalele încălcări depistate de Promo-LEX în ultimele două săptămâni de campanie electorală. Cele mai multe cazuri au fost utilizate în activităţi de promovare PAS, BECS şi Blocul Electoral ”Renato Usatîi”, a spus Panfil. Când vine vorba despre discursurile care instigă la ură, observatorii au identificat cel puțin 43 de cazuri în perioada 21 iunie – 5 iulie. Blocul Electoral ”Renato Usatîi” şi cei de la Partidul "PACE", vizaţi în raport, nu ne-au răspuns nici la apeluri şi nici la mesajele expediate.

Persons: Renato Usatîi, Nicolae Panfil, Democraţii, Igor Grosu, Alina Șargu, Alexandru, Vlad Organizations: PDM, Partidului Locations: străinătate

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