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☆ Canada to Continue Work With Qatar to Release Hostages Held by Hamas, PM Trudeau Says
▼ + stars: | 2023-10-21 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Canadian Prime Minister Justin Trudeau said on Saturday that Canada would continue to work with Qatar to secure the release of hostages held by Hamas, after two American civilians were released a day before. The Islamist group Hamas released two U.S. hostages on Friday, mother and daughter Judith and Natalie Raanan, who were kidnapped in its attack on southern Israel on Oct. 7. Trudeau thanked Qatar for its assistance on the hostage release in a post on social media platform X. (Reporting by Baranjot Kaur in Bengaluru; Editing by Chizu Nomiyama)

Persons: Justin Trudeau, Judith, Natalie Raanan, Trudeau, Baranjot Kaur, Chizu Nomiyama Organizations: Reuters, Canadian, Hamas Locations: Canada, Qatar, Israel, Bengaluru

Single women face unique challenges when planning for retirement, so I asked an expert for help. Plus, women are often put in a caregiving role, which means time off from work — and not contributing regularly to retirement funds. So how can single women like me juggle with inflation, a higher cost of living, dwindling income, and the gender wage gap to be on track for retirement? I asked Marie Thomasson, a certified financial planner and founder of Modern Assets, an LA-based financial advisory firm for independent, progressive women, for tips on how single women can steer the course and make sure they're on track with their goals for retirement planning. Reassess your retirement accountsOnce you have your financial bases covered, you can venture into investing and retirement planning, says Thomasson.

Persons: Marie Thomasson, —, I've, Thomasson, hadn't, doesn't, aren't, Amanda Holden's, Simran Kaur's, Erin Lowry's, Tonya Rapley's, Tiffany, We're Organizations: Service, Modern Assets, Research, Pew Locations: LA, YOLO

☆ Elon Musk's X to launch premium subscriptions soon
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

The logo for social media platform X, following the rebranding of Twitter, is seen covering the old logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 20 (Reuters) - Elon Musk said on Friday social media platform X, formerly known as Twitter, will soon launch two new tiers of premium subscriptions. Earlier this week, the company started charging new users $1 in New Zealand and the Philippines as a test case for accessing the platform. Musk has acknowledged that the platform has taken a hit on revenue and has blamed activists for pressuring advertisers. To generate revenue, Musk started charging $8 per month for the blue check subscription service and tried to woo advertisers back to X with offers of discounts.

Persons: Dado Ruvic, Elon Musk, Musk, Gursimran Kaur, Supantha Mukherjee, Savio D'Souza, Jason Neely Organizations: Twitter, REUTERS, Supantha, Thomson Locations: New Zealand, Philippines, Bengaluru, Stockholm

☆ UAW head Shawn Fain to hold live event on Friday amid auto strikes
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

United Auto Workers President Shawn Fain addresses the audience during a rally in support of striking UAW members in Detroit, Michigan, U.S., September 15, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 19 (Reuters) - United Auto Workers President Shawn Fain will hold a Facebook Live event on Friday, the union said, as 34,000 of its members continue selective strikes against the Detroit Three automakers over the failure to reach agreements on new contracts. The UAW last expanded its strikes on Oct. 11 when members walked out at Ford's Kentucky truck plant, the company's largest and most profitable plant globally. Fain said last week that UAW members would now walk out of additional Detroit Three facilities without warning rather than waiting until Fridays to announce new plans, as the union had done initially. UAW members who went on strike at Mercedes supplier ZF's plant in Alabama last month demanding higher pay and better healthcare benefits ended a nearly month-long walkout on Thursday.

Persons: Shawn Fain, Rebecca Cook, Fain, Baranjot Kaur, Jamie Freed Organizations: United Auto Workers, REUTERS, Detroit Three, Ford Motor, General Motors, Chrysler, GM, UAW, Detroit, Thomson Locations: Detroit , Michigan, U.S, Ford's Kentucky, Alabama, Bengaluru

☆ Beijing weighs delaying approval of $69 bln Broadcom-VMware deal- FT
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 19 (Reuters) - Beijing is weighing holding up US chipmaker Broadcom Inc's (AVGO.O) $69 billion purchase of cloud computing company VMware Inc (VMW.N), the Financial Times reported on Thursday. VMWare and Broadcom did not immediately respond to Reuters request for comment. China's State Administration of Market Regulation could not immediately be reached for comment. Reporting by Gursimran Kaur in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Joe Biden's, Gursimran Kaur, Nivedita Organizations: Broadcom, REUTERS, VMware Inc, Financial Times, China's, Administration of, VMWare, VMware, Thomson Locations: Beijing, Bengaluru

☆ China's Didi plans 2024 Hong Kong listing - Bloomberg News
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File photo Acquire Licensing RightsOct 13 (Reuters) - China's biggest ride-hailing company, Didi Global, aims to list its shares on the Hong Kong Stock Exchange next year, Bloomberg News reported on Friday, citing people familiar with the matter. The company delisted from the New York Stock Exchange in 2022 after it ran afoul of Chinese regulators by pushing ahead with a $4.4 billion listing in the U.S in July 2021. Didi was banned by Chinese regulators from taking on new users and its app not available from mid-2021 until January 2023. Didi has contemplated a Hong Kong listing previously, Reuters has reported, with a listing by introduction where new capital is not raised as one option.

Persons: Didi Chuxing, Florence, Didi Global, Didi, Gursimran Kaur, Scott Murdoch, Sonia Cheema, Jamie Freed, Gerry Doyle Organizations: REUTERS, Hong Kong Stock Exchange, Bloomberg, Reuters, New York Stock Exchange, Cyberspace Administration of China, CAC, Thomson Locations: Beijing, China, U.S, New York, Hong Kong, United States, Bengaluru

☆ Contract talks break down between Hollywood actors, studios
▼ + stars: | 2023-10-12 | by ( Lisa Richwine | ) www.reuters.com time to read: +3 min

LOS ANGELES, Oct 12 (Reuters) - Negotiations between Hollywood studios and the SAG-AFTRA actors' union were suspended on Wednesday as the two sides clashed over streaming revenue, the use of artificial intelligence and other issues at the core of a three-month work stoppage. The union resumed negotiations with studios last week after the Writers Guild of America (WGA) ended its work stoppage. [1/2]Actor Billy Crudup joins fellow SAG-AFTRA actors walking a picket line during their strike in Manhattan in New York City, New York, U.S., September 28, 2023. SAG-AFTRA countered that the AMPTP had overstated the cost by 60% and accused the studios of "bully tactics." Members of the WGA approved a new three-year contract with major studios this week, five months after the union called a strike.

Persons: AFTRA, Walt Disney, Billy Crudup, Mike Segar, AMPTP, Lisa Richwine, Gursimran Kaur, Kim Coghill, Robert Birsel Organizations: Hollywood, SAG, Writers Guild of America, WGA, Alliance, Television Producers, Netflix, REUTERS, Guild of America, Thomson Locations: U.S, California, Manhattan, New York City , New York, Los Angeles, Bengaluru

☆ Striking Hollywood actors, studios suspend contract negotiations
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Actor Billy Crudup joins fellow SAG-AFTRA actors walking a picket line during their strike in Manhattan in New York City, New York, U.S., September 28, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsOct 12 (Reuters) - Talks between Hollywood studios and negotiators for the SAG-AFTRA actors' union have been suspended after the union presented its most recent proposal, the Alliance of Motion Picture and Television Producers (AMPTP) said on Wednesday. This week, members of the WGA approved a new three-year contract with major studios, five months after the union called a strike. The new contract provides pay raises, some protections around use of artificial intelligence and other gains. AMPTP said it hoped the actors' union would reconsider and return to productive negotiations soon.

Persons: Billy Crudup, Mike Segar, Walt Disney, AFTRA, AMPTP, Gursimran Kaur, Kim Coghill, Robert Birsel Organizations: SAG, REUTERS, Hollywood, Alliance, Television Producers, Walt, Netflix, Guild of America, WGA, Thomson Locations: Manhattan, New York City , New York, U.S, Hollywood's, Bengaluru

☆ Taylor Swift's concert film to get early-access screenings in US, Canada
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

[1/6] Taylor Swift attends a premiere for Taylor Swift: The Eras Tour in Los Angeles, California, U.S., October 11, 2023. REUTERS/Mario Anzuoni Acquire Licensing RightsOct 11 (Reuters) - Taylor Swift, the cultural juggernaut known for shattering records, said on Wednesday that the documentary film from her billion-dollar Eras concert tour will offer one-day early-access showings in the U.S. and Canada. "Due to unprecedented demand we're opening up early access showings of The Eras Tour Concert Film on Thursday in America and Canada. Previously, Swift had said the movie, "Taylor Swift: The Eras Tour," would only be released in North America, but it was later announced that it would be screened worldwide. Last week, AMC's shares rose 11% after the company said that advance ticket sales for the concert film had topped $100 million globally.

Persons: Taylor Swift, Mario Anzuoni, We're, Swift, Baranjot Kaur, Leslie Adler Organizations: REUTERS, AMC Entertainment, Hollywood, Thomson Locations: Los Angeles , California, U.S, Canada, America, North America, Bengaluru

☆ China's Middle East Envoy Expected to Speak to Israel on Thursday Bloomberg News
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - China's special envoy on Middle East issues is expected to have a telephone conversation with Israeli officials on Thursday, Israel's Ambassador to China, Irit Ben-Abba, told Bloomberg News. The planned talks come after Islamist group Hamas launched the biggest attack on Israel in years from the Gaza Strip. China will likely talk about the meeting later in the afternoon, during a regular briefing held by the foreign ministry, Bloomberg reported. China's foreign ministry did not immediately respond to a Reuters request for comment. China's special envoy on the Middle East, Zhai Jun, earlier this week said the country condemns acts that harm civilians and called for an immediate ceasefire.

Persons: Irit Ben, Abba, Zhai Jun, Gursimran Kaur, Kim Coghill Organizations: Reuters, Israel's, Bloomberg News, Hamas, Bloomberg, Palestinian Authority, West Bank, Arab League, EU, Palestine, United Nations Locations: Middle, China, Israel, Gaza, Palestine, Bengaluru

☆ London Luton Airport suspends flights after car park inferno
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 11 (Reuters) - Britain's London Luton Airport suspended all flights until 1400 GMT on Wednesday after a car fire triggered a wider blaze that led to a partial collapse of one of its multi-storey car parks. There were no known fatalities in the fire, which was first reported to emergency services late on Tuesday evening. "Our priority remains supporting the emergency services and the safety of our passengers and staff. [1/5]Flames are seen as emergency services respond to a fire in Terminal Car Park 2 at London Luton airport in Luton, Britain, October 10, 2023. Britain's easyJet (EZJ.L), whose flights operate from Luton airport, said "airlines are currently experiencing some disruption to their flying programmes."

Persons: Peter Cziborra, Britain's, Baranjot Kaur, William James, Mrinmay Dey, Chris Reese, Sonali Paul, Kate Holton, Paul Sandle Organizations: Luton Airport, London, REUTERS, Civil Aviation Authority, Ryanair, Wizz, Thomson Locations: London Luton, Luton, Britain, Heathrow, Gatwick, Stansted, Manchester, Bengaluru, London

☆ UK's Metro Bank rejected takeover approaches from Shawbrook, in talks for debt restructuring, equity injection - media
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

Oct 7 (Reuters) - British lender Metro Bank (MTRO.L) on Saturday rejected a series of takeover approaches from specialist business lender Shawbrook and later held talks with bondholders about an equity injection alongside a debt restructuring, media reports said. Metro Bank rejected a series of takeover approaches from Shawbrook, including one made in the second half of September, Sky News reported on Saturday. Both Metro Bank and Shawbrook declined to comment on the Sky News report when contacted by Reuters. Metro didn't immediately respond to request for comment about the debt restructuring and equity injection. The mid-sized British lender's shares plunged on Thursday following reports it is trying to raise as much as 600 million pounds to strengthen its capital levels.

Persons: Shawbrook, Jaime Gilinski, Juby Babu, Baranjot Kaur, Clelia Oziel, Franklin Paul Organizations: Metro Bank, Sky News, Bloomberg News, Bloomberg, Reuters, Metro, Spaldy Investments, LinkedIn, Franklin Paul Our, Thomson Locations: Shawbrook, London, Bengaluru

☆ UK reaffirms position after Canada-India diplomatic spat
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Police officers stand guard outside India House where the High Commission of India is located, in London, Britain, September 19 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsOct 6 (Reuters) - Britain on Friday reaffirmed its position that all countries should respect sovereignty and the rule of law, after reports said that India had asked Canada to withdraw 41 diplomats. "The Prime Minister reaffirmed the UK's position that all countries should respect sovereignty and the rule of law, including the principles of the Vienna Convention on Diplomatic Relations," a government spokesperson said in a statement after Britain's Prime Minister Rishi Sunak spoke with Canada's Prime Minister Justin Trudeau. Tensions between India and Canada escalated last month when Canada said it was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader in British Columbia in June. Reporting by Baranjot Kaur in Bengaluru; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Peter Nicholls, Rishi Sunak, Justin Trudeau, Baranjot Kaur, Diane Craft Organizations: Police, Commission, REUTERS, Vienna Convention, Diplomatic Relations, Britain's, Canada's, Thomson Locations: India, London, Britain, Canada, Vienna, British Columbia, Bengaluru

☆ UK Reaffirms Position After Canada-India Diplomatic Spat
▼ + stars: | 2023-10-06 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Britain on Friday reaffirmed its position that all countries should respect sovereignty and the rule of law, after reports said that India had asked Canada to withdraw 41 diplomats. "The Prime Minister reaffirmed the UK's position that all countries should respect sovereignty and the rule of law, including the principles of the Vienna Convention on Diplomatic Relations," a government spokesperson said in a statement after Britain's Prime Minister Rishi Sunak spoke with Canada's Prime Minister Justin Trudeau. Tensions between India and Canada escalated last month when Canada said it was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader in British Columbia in June. (Reporting by Baranjot Kaur in Bengaluru; editing by Diane Craft)

Persons: Rishi Sunak, Justin Trudeau, Baranjot Kaur, Diane Craft Organizations: Reuters, Vienna Convention, Diplomatic Relations, Britain's, Canada's Locations: Britain, India, Canada, Vienna, British Columbia, Bengaluru

☆ Walmart changes pay and titles for corporate staff, Wall Street Journal reports
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsCompanies Walmart Inc FollowSept 30 (Reuters) - Walmart (WMT.N) corporate staff are getting new titles and pay packages in the coming weeks to manage labor costs and simplify the structure of the company's workforce, the Wall Street Journal reported on Saturday. Starting in November, many corporate workers at Walmart and Sam's Club, its warehouse chain, will be reclassified into fewer groups of possible titles and pay, the report added. Around 4%, or 2,000, will receive an eventual reduction in stock-option awards as part of the change, the report said. The change is "good compensation hygiene," and ensures Walmart is "appropriately rewarding similar levels of work," Lupo said. Earlier this month, Walmart changed the hourly starting wage structure for entry-level store workers.

Persons: Kamil Krzaczynski, Kim Lupo, Lupo, Gursimran Kaur, Andrea Ricci, Marguerita Choy Organizations: REUTERS, Walmart, Wall Street, Sam's, Base, Workers, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ Opposition candidate Muizzu projected to win Maldives presidency, local media report
▼ + stars: | 2023-09-30 | by ( Mohamed Junayd | ) www.reuters.com time to read: +2 min

Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress gestures after casting his vote at a polling station during the Maldives presidential election day in Male, Maldives September 9, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsMALE, Sept 30 (Reuters) - Opposition candidate Mohamed Muizzu is projected to win the Maldives presidential run-off vote on Saturday, beating incumbent Ibrahim Solih, local media said, in a result that could see the Indian Ocean archipelago shift closer to China. Muizzu was leading the count with 54% of the vote against 46% won by Solih, local media reported. Thousands turned out early at 586 polling stations across the 187 islands known for their sun-kissed beaches and resorts. Maldivians also voted at polling stations in India, Sri Lanka, Malaysia, Britain and Abu Dhabi.

Persons: Mohamed Muizzu, Dhahau Naseem, Ibrahim Solih, Muizzu, Maldivians, Abdulla Yameen, Muizzu's, Yameen, Mohamed Junayd, Gursimran Kaur, Andrew Cawthorne, David Holmes Organizations: People's, REUTERS, Maldives presidential, Solih, China, Progressive Party of Maldives, Thomson Locations: Maldives, Male, China, India, Sri Lanka, Malaysia, Britain, Abu Dhabi, Solih

☆ US Central Command captures Islamic State official in Syria raid - statement
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: 1 min

Sept 30 (Reuters) - U.S. Central Command forces conducted a helicopter raid in northern Syria on Sept. 28 capturing Mamduh Ibrahim al-Haji Shaykh, an Islamic State facilitator, Central Command said on Saturday. Last week, the Central Command forces said it had captured Abu Halil al-Fad'ani, an ISIS Syria Operational and Facilitation official, who was assessed to have relationships throughout the ISIS network in the region, during a raid on Sept. 25. No civilians were injured or killed during the both operations, both Central Command statements said. Reporting by Gursimran Kaur in Bengaluru, Editing by William Maclean and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Mamduh Ibrahim al, Haji Shaykh, Abu Halil al, Gursimran Kaur, William Maclean, Marguerita Choy Organizations: . Central Command, Central Command, ISIS, Command, Thomson Locations: Syria, State, Bengaluru

☆ Why more women are choosing to be child-free
▼ + stars: | 2023-09-25 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

Demographers point to a number of factors driving this phenomenon: economic insecurity, political uncertainty, shifting gender norms and a lessening stigma around the choice to remain child-free. In the past, women who could have been inclined to remain child-free might have given birth anyway because that is what society expected from them. Even so, women who choose to remain child-free say they still feel like they constantly have to explain their choices to others. Women who opt to remain child-free say they still experience judgment for their choices. The assumption that child-free women don’t care about children simply isn’t true either, some say.

Persons: CNN — Dyanna Volek, “ I’m, ”, Volek, “, doesn’t, don’t, Cecilia Sanders, Sanders, ’ ”, Amy Blackstone, ” Blackstone, “ We’ve, we’ve, Yana Grant, Yana Grant “, ” Grant, Grant, They’re, Graves, Jordan Levey, Levey, they’d, wasn't, Jordan Levey “, —, ” Sanders, Blackstone, They’ve, they’ll, couldn’t, ’ Organizations: CNN, Centers for Disease Control, University of Maine, US, Getty Locations: San Francisco, Chicago, Tulsa , Oklahoma, Oklahoma, Washington

☆ Why Hasan Minhaj’s fabrications could invalidate real accounts of racism and Islamophobia
▼ + stars: | 2023-09-21 | by ( Brahmjot Kaur | ) www.cnbc.com time to read: +7 min

Many are saying they are worried Minhaj's fabrications could invalidate people's accounts of actual racism and Islamophobia. People can stereotype and say, 'Oh, look, that South Asian comedian lied. Vishal Kalyanasundaram, a South Asian comedian, said he can understand the backlash but believes it shouldn't be such a big deal. "Just because he's South Asian doesn't mean he's the golden child and the voice for our people. Nylah Burton, a freelance journalist, also defended Minhaj, recognizing that the comedy industry is difficult to break into, especially for a South Asian Muslim comedian.

Persons: Hasan Minhaj, Lakshmi Srinivas, Minhaj, Brother Eric, Srinivas, He's, Sarah Suzuki Harvard, Harvard, Vishal Kalyanasundaram, it's, Kalyanasundaram, Nylah Burton Organizations: University of Massachusetts, Yorker, Netflix, NBC Asian, NBC News, FBI, Hollywood, NBC, Harvard, Twitter Locations: Boston, NBC Asian America, Asian

☆ Huawei's share has 'really shrunk' beyond the China market, researcher says
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuawei's share has 'really shrunk' beyond the China market, researcher saysKiranjeet Kaur, associate research director at IDC Asia-Pacific, says Huawei's premium segment is still doing "quite well, but that's primarily because they are really strong in China."

Persons: Kiranjeet Kaur Organizations: IDC Asia Locations: China, Pacific

☆ How the founder of Girls That Invest grew her media business to $1.4 million in revenue using podcasts and Instagram
▼ + stars: | 2023-09-19 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

One of the main tenets of Girls That Invest is its weekly podcast , which is how Kaur and Gupthan came to discuss their own personal finance journeys. Today, Girls That Invest isn't just a podcast — it's a million-dollar media company. In the last three years, the company has made $1.4 million in revenue, according to documentation viewed by Insider. "We're successful because we went to where the audience already was — on TikTok, on Instagram — and inserted ourselves in," she said. "If I was worried about what other people would say and let that stop me, I wouldn't have a successful media company today."

Persons: Simran Kaur, Sonya Gupthan, Kaur, Gupthan, It's Organizations: Apple, Indian, L'Oreal Locations: New Zealand, Zealand

☆ Credit Suisse bond investors plot lawsuit against Switzerland, Financial Times reports
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

The logos of Swiss bank Credit Suisse and UBS are seen in Geneva, Switzerland, June 7, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsCompanies UBS Group AG FollowSept 15 (Reuters) - A group of international bond investors is drawing up plans to sue Switzerland in the U.S. courts for expropriation over the losses they suffered after UBS (UBSG.S) agreed to take over Credit Suisse with state support, the Financial Times reported. In essence, the claim would be seeking compensation for the destruction of [investors'] property rights, a person with knowledge of the plans told FT.Quinn Emanuel and Credit Suisse declined to comment. Quinn Emanuel is already suing Switzerland's financial regulator, FINMA, after the state-assisted rescue of Credit Suisse in March wiped out the Swiss bank's 16 billion Swiss franc ($17.85 billion) Additional Tier 1 (AT1) bondholders. ($1 = 0.8963 Swiss francs)Reporting by Gursimran Kaur in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Quinn Emanuel, Gursimran Kaur, Shilpi Majumdar Organizations: Credit Suisse, UBS, REUTERS, UBS Group, Financial Times, Reuters, Thomson Locations: Geneva, Switzerland, U.S, Bengaluru

☆ UPS CEO says new labor deal with Teamsters to cost less than $30 bln - CNBC
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

UPS vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies United Parcel Service Inc FollowSept 12 (Reuters) - United Parcel Service's (UPS.N) new five-year deal with Teamsters-represented workers will cost less than the $30 billion that was outlined by the union, Chief Executive Officer Carol Tome said in a CNBC interview on Monday. The contract, which covers about 340,000 UPS workers in the United States, would increase wage and benefit costs at a 3.3% compound annual growth rate over the life of the agreement, UPS Chief Financial Officer Brian Newman said earlier. Last month, the Atlanta-based company cut its full-year revenue and profitability targets, citing higher-than-expected labor costs as well as business lost during the tumultuous contract talks with Teamsters. Reporting by Priyamvada C and Baranjot Kaur in Bengaluru; Editing by Varun H K and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Carol Tome, Brian Newman, Newman, Priyamvada, Baranjot Kaur, Varun, Anil D'Silva Organizations: REUTERS, United Parcel Service, Teamsters, CNBC, UPS, Atlanta -, Thomson Locations: Brooklyn , New York City, U.S, United States, Atlanta, Bengaluru

☆ Magnitude 6.2 earthquake strikes Philippine Islands region -GFZ
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

Sept 12 (Reuters) - An earthquake of magnitude 6.2 struck the Philippine islands region on Tuesday, the German Research Center for Geosciences (GFZ) said. The quake was at a depth of 31km (19.26 miles), GFZ said. The GFZ earlier said the quake had a magnitude of 6.8, with a depth of 10 km. Reporting by Gursimran Kaur in Bengaluru; editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: GFZ, Gursimran Kaur, Christina Fincher Organizations: German Research Center, Geosciences, Thomson Locations: Philippine, Bengaluru

☆ Several injured in blast at Archer-Daniels-Midland plant in Illinois
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Sept 11 (Reuters) - Several employees were injured at an Archer-Daniels-Midland (ADM) (ADM.N) facility in Decatur, Illinois, after an explosion within its processing complex, the company said in a statement on Sunday night. ADM said the incident happened at 7:11 p.m. CDT (0011 GMT) and that the injured had been taken to a hospital. The company said it did not have a confirmed cause of the incident as of Sunday night. The Decatur site, ADM's North American headquarters and its largest facility globally, houses a soybean crushing plant and one of the largest corn wet mills in the world. It was not immediately clear whether the blast would impact the processing facilities.

Persons: Archer, Dan Kline, Evelyn Nikhila S, Baranjot Kaur, Gerry Doyle, David Holmes Organizations: Daniels, Midland, ADM, Renewable Fuels Association, Thomson Locations: Decatur , Illinois, Decatur, Bengaluru

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