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☆ Biden administration seeks to cut U.S. home energy bills with $4.5 bln savings package
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: 1 min

Nov 2 (Reuters) - The Biden administration will offer Americans nearly $4.5 billion in assistance to help lower home energy costs, the White House said on Wednesday. The package, announced by the Department of Health and Human Services through the Administration for Children and Families, will also help families make cost-effective home energy repairs and cover unpaid utility bills, the statement said. Separately, the Department of Energy announced a near $9 billion package for new home efficiency programs administered by tribes and states, the statement added. Reporting by Anirudh Saligrama in Bengaluru; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Qatar Investment Authority plans to raise stake in Credit Suisse - FT
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Swiss bank Credit Suisse is seen in front of an office building in Zurich, Switzerland October 26, 2022. REUTERS/Arnd WiegmannNov 2 (Reuters) - The Qatar Investment Authority plans to raise its stake in Swiss lender Credit Suisse Group AG (CSGN.S) by investing in a share sale alongside the Saudi National Bank (1180.SE), the Financial Times reported, citing people with knowledge of the talks. Credit Suisse declined to comment on the report, while Qatar Investment Authority did not immediately respond to a Reuters request. read moreLast week, Saudi Arabia-controlled SNB said it would invest up to 1.5 billion francs in Credit Suisse to take a stake of up to 9.9% and may invest in the investment bank. ($1 = 0.9980 Swiss francs)Reporting by Anirudh Saligrama in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ At least 14 injured in shooting in Chicago on Halloween
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: 1 min

Nov 1 (Reuters) - At least 14 people, including two children and a teenager, were shot in a drive-by shooting in western Chicago on Halloween night on Monday, but there were no immediate reports of fatalities, police said. The injured were in various condition, with several in critical and others non-life threatening, Chicago Police Superintendent David Brown said in a press briefing. One more person was injured after being struck by a vehicle at the site of the shooting. Citing preliminary information, Brown said one vehicle was involved in the shooting, but there were possibly two shooters. Reporting by Anirudh Saligrama and Shubham Kalia in Bengaluru; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

☆ Blinken discusses Russia-Ukraine, Sino-U.S. relations with China's Wang Yi
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: 1 min

Oct 30 (Reuters) - U.S. Secretary of State Antony Blinken spoke with China's Foreign Minister Wang Yi on a call on Sunday and discussed Russia's war against Ukraine and the threats it poses to global security and economic stability, the U.S. Department of State said in a statement. Blinken also discussed with his Chinese counterpart on the need to maintain open lines of communication and responsibly manage U.S.-China relations, the statement said. Reporting by Anirudh Saligrama in Bengaluru Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ UK's Sunak reconsiders tax rises -The Telegraph
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - British Prime Minister Rishi Sunak is considering tax rises and major public spending cuts, according to The Telegraph. Sunak on Wednesday delayed the announcement of a keenly awaited plan for repairing the country's public finances until Nov. 17, two-and-a-half weeks later than previously planned. The report noted a rapid fall in the interest rate paid on government gilts and a reduction in the international gas price. Soon after Sunak became Britain's Prime Minister on Tuesday, he said difficult decisions lay ahead as he looks to cut public spending. Last week, The Telegraph reported that Hunt was considering up to 20 billion pounds of tax rises in a budget that was previously scheduled for Oct. 31.

☆ UK PM Rishi Sunak may delay fiscal statement - The Times
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - New British Prime Minister Rishi Sunak is considering delaying next week's planned fiscal statement in order to fill a hole of 40 billion pounds ($46 billion) in the UK's finances, The Times reported. Sunak is expected to meet finance minister Jeremy Hunt on Wednesday to discuss his proposals to increase taxes and squeeze public spending, the report said. This comes after former PM Liz Truss's spokeswoman said last week that her successor would decide whether to proceed with a fiscal plan scheduled for Oct. 31. Hunt reversed Truss's economic growth plan on Oct. 17 after several weeks of turmoil in UK politics and markets and Truss resigned a few days later. Sunak, who became Britain's third prime minister in two months, quickly re-appointed Hunt as his finance minister in a move designed to calm markets.

☆ China's YMTC asks core U.S. employees to leave due to chip export restrictions, Financial Times reports
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: 1 min

Oct 24 (Reuters) - Chinese chip maker Yangtze Memory Technologies Co (YMTC) Ltd has asked its U.S. employees in core tech positions to leave, as the company rushes to comply with the new U.S export restrictions, Financial Times reported on Monday. It was unclear how many U.S. citizens and green card holders would be forced to leave YMTC, Financial Times reported, quoting four people close to the company. The paper said several employees in China had already left the company. Register now for FREE unlimited access to Reuters.com RegisterReporting by Anirudh Saligrama in Bengaluru; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. weighs security review for Musk's ventures, including Twitter deal - Bloomberg News Reporter Tweet
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: 1 min

Oct 20 (Reuters) - Biden Administration officials are discussing whether the United States should subject some of Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk's ventures to national security reviews, a Bloomberg News reporter tweeted on Thursday, citing sources. The ventures include Musk's deal to buy Twitter Inc (TWTR.N) and the Starlink satellite network, the reporter's tweet added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Anirudh Saligrama in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Altria sells U.S. IQOS rights to Philip Morris for $2.7 bln
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

Philip Morris is looking to overturn the ban. Philip Morris, which reports quarterly results later on Thursday, aims to resume supply of IQOS products in the United States by the first half of 2023. Altria still holds the rights to sell IQOS in the United States until May 2024, after which it transitions to Philip Morris. "We are ready to invest behind IQOS to bring it to market at scale across the U.S.," Philip Morris Chief Executive Officer Jacek Olczak said. Altria said it has already received $1 billion from Philip Morris and will receive the remainder by July 2023.

☆ Altria gets $2.7 bln from Philip Morris for IQOS U.S. sales rights
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

Altria in a statement said it has already received $1.0 billion from PMI and will receive the remainder by July 2023. Philip Morris, which was spun off from Altria in 2008, did not respond to a request for comment outside of business hours. The company will report its quarterly earnings results on Thursday, whereas Altria will report its earnings on Oct. 27. Separately, Philip Morris plans to raise its $16 billion offer for Swedish Match AB (SWMA.ST), the Wall Street Journal reported on Wednesday citing people familiar with the matter. Activist investor Elliott Management, which raised its stake in Swedish Match last month, plans to oppose the bid under its current terms along with some other investors.

☆ Pakistan seeks billions of dollars in new loans after floods -FT
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

Displaced people walk on flooded highway, following rains and floods during the monsoon season in Sehwan, Pakistan, September 16, 2022. REUTERS/Akhtar SoomroOct 19 (Reuters) - Pakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the South Asian nation's economic crisis, the Financial Times reported on Wednesday. "We are not asking for any kind of measure [such as] a rescheduling or a moratorium," the country's Prime Minister Shehbaz Sharif told the Financial Times. Register now for FREE unlimited access to Reuters.com RegisterSharif did not specify the amount Pakistan is seeking, but repeated an estimate of $30 billion of flood losses, the report said. read moreThe European Union also scaled up its flood assistance to 30 million euros ($29.57 million).

☆ Lawmakers will try to oust UK PM Truss this week, Daily Mail reports
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

Oct 16 (Reuters) - British lawmakers will try to oust Prime Minister Liz Truss this week despite Downing Street's warning that it could trigger a general election, the Daily Mail reported. Britain, engulfed in a political crisis, has lost three prime ministers since it voted to leave the European Union in 2016. Separately, The Times reported that some lawmakers have held secret discussions on replacing Truss with a new leader. Truss, who won the Conservative Party leadership last month after promising to slash taxes, is fighting for her political survival after ditching key parts of the programme. read moreThe chaos has fuelled discontent in the party, which is falling behind the opposition Labour Party in opinion polls.

An American flag waves outside the U.S. Department of Justice Building in Washington, U.S., December 15, 2020. REUTERS/Al DragoWASHINGTON, Sept 26 (Reuters) - The U.S. Justice Department said on Monday it would appeal a judge's ruling that U.S. Sugar Corp's plans to buy rival Imperial Sugar Co was legal under antitrust law, according to a court filing. Judge Maryellen Noreika of the U.S. District Court for Delaware had ruled for the companies on Friday, rejecting the government's request that she stop the deal from going forward. read moreAsked about the government's indication that it would appeal, U.S. Sugar said: "We look forward to expeditiously closing this acquisition as planned." Register now for FREE unlimited access to Reuters.com RegisterReporting by Diane Bartz and Anirudh Saligrama; Editing by Kim Coghill and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ UK's Truss to review visa schemes to ease labour shortages - FT
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: 1 min

Register now for FREE unlimited access to Reuters.com RegisterBritain's Prime Minister Liz Truss walks outside Downing Street in London, Britain, September 23, 2022. REUTERS/Clodagh KilcoyneSept 25 (Reuters) - British Prime Minister Liz Truss is set to launch a major review of the country's visa system in a move to tackle acute labour shortages in key industries, the Financial Times reported on Sunday. Register now for FREE unlimited access to Reuters.com RegisterReporting by Anirudh Saligrama in Bengaluru; Editing by David ClarkeOur Standards: The Thomson Reuters Trust Principles.

☆ Tropical storm Ian to become hurricane on Sunday, NHC says
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSept 24 (Reuters) - Tropical storm Ian is expected to become a hurricane on Sunday, reaching major hurricane strength by late on Monday before it reaches western Cuba, the U.S. National Hurricane Center (NHC) said. The center of Ian is forecast to pass well southwest of Jamaica on Sunday and pass near or west of the Cayman Islands early on Monday, the agency said in its latest advisory. Ian will then move near or over western Cuba on Monday night and early on Tuesday, emerging over the southeastern Gulf of Mexico on Tuesday, it added. The storm is located about 395 miles (635 km) southeast of Grand Cayman packing maximum sustained winds of 50 miles per hour (80 kph), NHC saidRegister now for FREE unlimited access to Reuters.com RegisterReporting by Anirudh Saligrama in Bengaluru; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Russia may have lost four combat jets in Ukraine in last 10 days, UK says
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

A view shows a destroyed bridge over the Siverskyi Donets river near the town of Balakliia, recently liberated by the Ukrainian Armed Forces during a counteroffensive operation, amid Russia's attack on Ukraine, in Kharkiv region, Ukraine September 18, 2022. REUTERS/Sofiia GatilovaSept 19 (Reuters) - Russia has highly likely lost at least four combat jets in Ukraine within the last 10 days, taking its attrition to about 55 since the beginning of its invasion, the British military said on Monday. (https://bit.ly/3DBpgqO)Russian pilots’ situational awareness is often poor, it said. "There is a realistic possibility that some aircraft have strayed over enemy territory and into denser air defence zones as the front lines have moved rapidly." Register now for FREE unlimited access to Reuters.com RegisterReporting by Anirudh Saligrama in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Firefighters work at the site where a building collapsed following a 6.8-magnitude earthquake, in Yuli, Hualien county, Taiwan September 18, 2022. Register now for FREE unlimited access to Reuters.com RegisterTaiwan's fire department said one person had died and 146 were injured by the quake. The U.S. Pacific Tsunami Warning Center issued a warning for Taiwan after the tremor but later lifted the alert. Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), , the world's largest contract chipmaker, said there was "no known significant impact for now". More than 100 people were killed in a quake in southern Taiwan in 2016, while a 7.3 magnitude quake killed more than 2,000 people in 1999.

☆ India's young investors prefer crypto to gold and 'boring' stocks
▼ + stars: | 2022-03-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +8 min

New Delhi CNN Business —Indian businesswoman Swati Daga first bought bitcoin in 2017, when the cryptocurrency was trading well under $3,000. “I find stock markets boring,” she told CNN Business, adding that she enjoys the “thrill” and “recklessness” that comes with investing in volatile currencies. The growth is driven by younger investors — mostly under the age of 35 — and many of them are coming from smaller cities and towns, founders of two of India’s biggest crypto exchanges told CNN Business. WazirX also has over 10 million users, and called 2021 a “phenomenal year” for crypto trading in India. On-again, off-again relationshipThe excitement over crypto is rising in India despite the country’s on-again, off-again relationship with digital currencies.

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