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☆ 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

☆ 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

☆ How the ‘model minority’ myth led one Indian American family to unravel
▼ + stars: | 2023-09-09 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +14 min

In a deeply vulnerable book that combines personal narrative, history and cultural reporting, Gupta examines how the weight of the “model minority” stereotype led her family to unravel. I didn’t know how to tell her that, so I felt like I had to write to her. Growing up Indian American, I didn’t know Asian American history. We didn’t learn that in schools, so I didn’t really understand where I fit into America’s racial hierarchy. I saw this story as if it were my identity, because I didn’t really see an alternative.

Persons: Yush, Gupta, ”, estranging, Jezebel, Ruben Chamorro, —, I’m, I’ve, it’s, she’s, America who’s, we’re, We’re, there’s Organizations: CNN Locations: United States, Philadelphia, He’s, America, White America, Indian, South Asia

☆ China bans govt officials from using iPhone for work -WSJ
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. The orders were given by superiors to their staff in recent weeks and it wasn't clear how widely the orders were being distributed, the WSJ said. China has in recent years grown more concerned over data security and has rolled out new laws and compliance requirements for companies. The latest restriction by China mirrors similar bans taken in the United States against Chinese smartphone maker Huawei and short video platform TikTok, owned by China's ByteDance. China is one of Apple's biggest markets and generates nearly one-fifth of its revenue.

Persons: Thomas Peter, Gina Raimondo, China's ByteDance, Baranjot Kaur, Savio D'Souza, Miral Organizations: Apple, REUTERS, Wall Street, China's, Information Office, Washington, planemaker Boeing, Micron Technology, . Commerce, Huawei, Thomson Locations: Beijing, China, Sino, U.S, United States, Bengaluru

☆ Orsted CEO says abandoning US wind projects a 'real option'- Bloomberg News
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

CEO of Grundfos Mads Nipper presents the financial statements of 2017 at a news conference in Bjerringbro, Denmark, March 13, 2018. "We are still upholding a real option to walk away," Orsted CEO Mads Nipper told Bloomberg News in an interview. "But right now, we are still working towards a final investment decision on projects in America." Last week Orsted said it may see U.S. impairments of 16 billion Danish crowns ($2.3 billion) due to supply chain problems, soaring interest rates and a lack of new tax credits. ($1 = 6.9488 Danish crowns)Reporting by Gursimran Kaur in Bengaluru; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Mads Nipper, Henning Bagger, Biden, Orsted, Gursimran Kaur, Jan Harvey Organizations: Scanpix, REUTERS, Bloomberg, Bloomberg News, Thomson Locations: Bjerringbro, Denmark, Scanpix Denmark, U.S, America, Bengaluru

☆ Jimmy Buffett, American singer-songwriter, dies at 76
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +1 min

Sept 2 (Reuters) - American singer-songwriter Jimmy Buffett, best known for his "Margaritaville" escapist tribute to the tropical life, has died at the age of 76, according to his website on Saturday. "Jimmy passed away peacefully on the night of September 1st surrounded by his family, friends, music and dogs. Buffett made 27 studio albums - with four platinum and eight gold albums - in a career that spanned over five decades and included writing and running a business empire. He is survived by his wife Jane Slagsvol, their two daughters, Sarah and Savannah, and son, Cameron. Reporting by Baranjot Kaur in Bengaluru Editing by John Stonestreet and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Jimmy Buffett, Jimmy, Margaritaville, Buffett, Jane Slagsvol, Cameron, Baranjot Kaur, John Stonestreet, Frances Kerry Organizations: Thomson Locations: Savannah, Bengaluru

☆ Ford makes UAW a contract offer
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: 1 min

The Ford logo is seen on the grill of an E-transit concept vehicle at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. REUTERS/Phil Noble/File Photo Acquire Licensing RightsCompanies Ford Motor Co FollowAug 31 (Reuters) - Ford Motor (F.N) has made a contract offer to the United Auto Workers (UAW), the company said on Thursday. The contract offer would provide hourly employees with 15% guaranteed combined wage increases and lump-sums, and improved benefits over the life of the contract, the company said in a statement. Wages, including overtime, and lump-sum bonuses for Ford's UAW-represented hourly workers would increase from $78,000 on average in 2022 to $92,000 in the first year of the contract, the automaker said. Reporting by Gursimran Kaur in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Phil Noble, Gursimran Kaur, Shailesh Organizations: Ford, REUTERS, United Auto Workers, UAW, Ford's UAW, Thomson Locations: Liverpool, Britain, Bengaluru

☆ Orsted plunges 20% on risk of $2.3 billion in US impairments
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. "The situation in U.S. offshore wind is severe," Chief Executive Mads Nipper told reporters on a conference call. The company's Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are adversely impacted by several supplier delays, which may trigger impairments of up to 5 billion crowns, the company said in a statement. On top of this, the increase in long-dated interest rates in the United States affected both offshore as well as some onshore wind projects and will cause impairments of around 5 billion crowns, Orsted said. The U.S. government has set a national goal to develop 30 gigawatt of offshore wind by 2030.

Persons: Orsted, Phil Noble, Mads Nipper, Bernstein, Terje Solsvik, Gursimran Kaur, Nora Buli, Andy Sullivan, Conor Humphries Organizations: REUTERS, Rights, U.S ., Ocean, Public Service Enterprise, Thomson Locations: Walney, Blackpool, Britain, Rights OSLO, United States, U.S, New Jersey, Oslo, Bengaluru

☆ Denmark's Orsted anticipates $730 mln impact on US portfolio
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. 1 offshore wind farm developer, said on Wednesday it anticipates impairments of up to 5 billion Danish crowns ($729.78 million) on its U.S. portfolio, as there is an increasing risk in its suppliers' ability to deliver on their commitments. The Ocean Wind 1, Sunrise Wind, and Revolution Wind projects are adversely impacted by a handful of supplier delays, the company said in a statement. In July, Orsted's Ocean Wind project won approval from the U.S. Interior Department, to help the country reach its goal of developing 30 gigawatts of offshore wind by 2030 on every shoreline.

Persons: Orsted, Phil Noble, Gursimran Kaur, Andy Sullivan Organizations: REUTERS, U.S . Interior Department, Ocean, Public Service Enterprise, Thomson Locations: Walney, Blackpool, Britain, U.S, Orsted, New Jersey, Bengaluru

☆ UAW workers ratify Ultium Cells wage agreement in Ohio
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

Aug 27 (Reuters) - The United Auto Workers (UAW) union at Ultium Cells, a joint venture of General Motors (GM.N) and LG Energy Solution (373220.KS) in Lordstown, Ohio, on Sunday said members voted in favor by 895 to 22 votes to ratify an interim agreement that immediately raises wages by $3 to $4 an hour. The interim wage increase will be retroactive to December 2022 and some workers will receive between $3,000 to $7,000, based on hours worked. The companies had said workers must still ratify the interim wage increase that takes effect Aug. 28. The UAW also said negotiations for a complete first contract will continue between the union’s elected bargaining committee and Ultium Cells. On Friday UAW workers voted overwhelmingly in favor of authorizing a strike at the Detroit Three automakers if an agreement is not reached before the current four-year contract expires on Sept. 14.

Persons: Shawn Fain, autoworkers, Gursimran Kaur, Chris Reese Organizations: United Auto Workers, UAW, Ultium, General Motors, LG Energy, Sunday, Ultium Cells, GM, Ford, Friday UAW, Detroit Three, Thomson Locations: Lordstown , Ohio, Ohio, Ultium, Bengaluru

☆ Tropical Storm Idalia expected to hit Florida as hurricane
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

Aug 27 (Reuters) - Tropical Storm Idalia could strengthen into a hurricane on Monday, bringing high winds and storm surges to Cuba and Florida later this week. The storm has sustained winds of 60 mph (95 kph) and could reach Category 2 strength with sustained winds of 96 to 110 mph when it is forecast to make landfall in Florida on Wednesday, according to Governor Ron DeSantis. The governor said the hurricane could make landfall in northern Florida's Big Bend area - where the panhandle transitions into the peninsula. Reuters Image Acquire Licensing Rights"Idalia is likely to be near or at major hurricane intensity when it reaches the Gulf coast of Florida," the NHC added. Duke Energy (DUK.N) is closely monitoring the approach of Idalia and preparing crews and equipment to respond if customers lose power.

Persons: Ron DeSantis, DeSantis, Joe Biden, Baranjot Kaur, Maria Caspani, Katharine Jackson, Trevor Hunnicutt, Lisa Shumaker Organizations: U.S, National Hurricane Center, Yucatan Channel, Reuters, NHC, Florida's Division, Emergency Management, National Guard, Duke Energy, Thomson Locations: Cuba, Florida, Big, Yucatan, Florida's, Georgia, Miami, Bengaluru, New York, Washington, Lincoln

☆ Tropical Storm Idalia heading toward Florida, US NHC says
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: 1 min

Aug 27 (Reuters) - Tropical Storm Idalia has formed near the Yucatan Channel about 80 miles (130 km) east-northeast of Cozumel in Mexico and is heading toward Florida, the U.S. National Hurricane Center (NHC) said on Sunday. The storm, which strengthened from a tropical depression, has sustained winds of 40 mph (65 kph) and could become a hurricane over the eastern Gulf of Mexico by Tuesday, NHC said. "Observations from a NOAA Hurricane Hunter aircraft indicate that Tropical Depression Ten has strengthened into Tropical Storm Idalia," the Miami-based weather forecaster said. Reporting by Baranjot Kaur in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Idalia, Baranjot Kaur, Lisa Shumaker Organizations: Yucatan Channel, U.S, National Hurricane Center, Tuesday, NHC, NOAA Hurricane Hunter, Thomson Locations: Yucatan, Cozumel, Mexico, Florida, Miami, Bengaluru

☆ ‘Made In Heaven’ creators dispute claims they appropriated author Yashica Dutt’s story
▼ + stars: | 2023-08-19 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +10 min

The show’s creators responded with a statement saying the character of Pallavi is fictional and denying any claim that they appropriated Dutt’s life or work. Throughout the episode, Pallavi brushes up against how her choices to publicly embrace her caste have affected her brother and parents. The creators of "Made In Heaven" said in a statement that they deny any claim that they appropriated Dutt's work. Prime VideoThe statement goes on to point out that the character Pallavi is fictional and details the ways that her story differs from Dutt’s. It continues, “None of the above is drawn from Yashica Dutt’s life or her book — ‘Coming Out As Dalit’.

Persons: Pallavi Menke, “, Yashica Dutt, ”, ” Dutt, Dutt, ” Zoya Akhtar, Reema, Tara Khanna, Karan Mehra —, —, Pallavi, Neeraj Ghaywan, Prakash Ambedkar, B.R . Ambedkar, — Dutt isn’t, Ghaywan, ’, ” Ghaywan, Instagram, Sumit Baudh, Akhtar, Kagti, Alankrita Shrivastava, “ Neeraj, Yashica, I’m, they’ve, Ghaywan’s Instagram Organizations: CNN, Amazon, Columbia University, Pallavi, US, Dalit, ” CNN, Prime Video India Locations: India, Dutt’s, Delhi, Britain

☆ Microsoft plans AI service with Databricks that could hurt OpenAI- The Information
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, January 25, 2023. Databricks - a data analytics platform that uses artificial intelligence, which Microsoft would sell through its Azure cloud-server unit - helps companies make AI models from scratch or repurpose open-source models as an alternative to licensing OpenAI's proprietary ones, the report added. Microsoft and Databricks did not immediately respond to a Reuters request for comment. In July, Microsoft laid out an aggressive spending plan to meet demand for its AI services. The company has started integrating AI functionality across its products such as Azure, Microsoft 365, GitHub and several developer tools.

Persons: Gonzalo Fuentes, Databricks, Gursimran Kaur, Anil D'Silva Organizations: Microsoft, REUTERS, Thomson Locations: Issy, Paris, France, Bengaluru

☆ What are neopronouns and how do you use them?
▼ + stars: | 2023-08-12 | by ( Scottie Andrew | ) edition.cnn.com time to read: +12 min

And then there are neopronouns (“new” pronouns), gender-neutral or nonbinary pronouns that are distinct from the common she, he and they. All pronouns indicate identity and can be used to include or exclude people they describe — neopronouns included, said Dennis Baron, one of the foremost experts on neopronouns and their histories and an emeritus professor of English and Linguistics at the University of Illinois at Urbana-Champaign. Other neopronouns are completely original to their user – some may choose to select a noun to describe themselves, like “star” or “starself” in place of binary pronouns like “she” or “herself.” These are called nounself neopronouns, but more on those later. Why people use neopronounsPeople may use neopronouns for the same reason someone else uses “she” and/or “they” — neopronouns may better align with one’s identity. An intro to nounself neopronounsLeaf, sun, star — nounself pronouns are neopronouns that use nature and other inspirations as nonbinary or genderless descriptors.

Persons: CNN —, ”, they’re, Dennis Baron, ” Baron, “, ” Neopronouns, Janelle Monáe, Emma Corrin, Jonathan Van Ness, Neopronouns, nonbinary, Baron, xyr, heer, ze, Ze, hirself, fay, Fae, Ey, —, Dua Saleh, who’s, Saleh, ” “, ” Saleh, aren’t, ” CNN’s Harmeet Kaur, he’s, “ heer, himer ”, Ella Young, ” Young, JWL, Noah Webster’s, Webster, thon ”, Charles Crozat Converse, thon, Michael Spivak, Jason D’Angelo, fandoms, Ehm Hjorth Miltersen, one’s, ” Miltersen, Miltersen Organizations: CNN, University of Illinois, “, Human Rights, Human, Netflix, Chicago Tribune, Sacramento Bee, Merriam, Webster, New York Times Locations: Urbana, Champaign, England, ”, Chicago

☆ Educational TikTok teaches history you might not learn in school
▼ + stars: | 2023-08-08 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +9 min

Scholars and educators are increasingly using TikTok to share history that’s seldom found in textbooks — and their content is finding an audience. TikTok can fill in educational gapsKahlil Greene, known as Gen Z Historian on TikTok, is one of several educators on the platform who have built up a following around sharing little-known history. While some lawmakers and officials try to limit such instruction, that knowledge can be vital for students, said Ernest Crim III, a former high school history teacher who now makes educational content for TikTok. In fact, his educational content has resonated so widely that he left classroom teaching to make social media content full-time. TikTok educational content can empower communitiesEducational content on TikTok can also provide avenues for exploring one’s identity.

Persons: weren’t, Kahlil Greene, Greene, Martin Luther King Jr, “, ” Greene, Ernest Crim III, Crim, Ernest Crim III “, ”, TikTok, Carter G, Woodson, Henry Box Brown, Bill Darden, Viola Liuzzo, Selma, Moses Fleetwood Walker, Jackie Robinson, —, Ava DuVernay, ” Crim, Aslan Pahari, he’s, Pahari, — Pahari’s, “ I’m, they’re, “ They’re Organizations: CNN, Yale University, New York Times, University of California, Los Angeles School of Law, Facebook, Major League Baseball, MLB, Australian National University Locations: TikTok, —, White, California, Texas, Chicago, Black, Montgomery, Hughley, Sydney, South Asia, Central Asia, India, Afghanistan, Australia, Khyber Pakhtunkhwa, Punjab, Pakistan, West

A Pakistan International Airlines (PIA) passenger plane prepares to take off from the Benazir International airport in Islamabad, Pakistan, February 9, 2016. REUTERS/Faisal Mahmood/File PhotoISLAMABAD, Aug 7 (Reuters) - Pakistan plans to privatise its loss-making national carrier Pakistan International Airlines (PIAa.PSX), the government said on Monday, as the country also seeks to outsource its airport operations in line with an IMF deal. The privatisation decision was taken at a meeting of the Cabinet Committee of Privatisation chaired by Finance Minister Ishaq Dar. The committee "after deliberation decided to include Pakistan International Airlines Co. Ltd in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament," a finance ministry statement said. Pakistan hopes to resume PIA flights to Britain in the next three months after services were suspended following a fake pilot scandal.

Persons: Faisal Mahmood, Ishaq Dar, Asif Shahzad, Baranjot Kaur, David Goodman, Mark Potter, Alistair Bell Organizations: Pakistan International Airlines, PIA, Benazir, REUTERS, Finance, Pakistan International Airlines Co . Ltd, PIAInvestment, European Union's Aviation Safety Agency, International Monetary Fund, Pakistan, Baranjot, Thomson Locations: Islamabad, Pakistan, ISLAMABAD, , New York, Britain, Europe, Bengaluru

☆ Western Canada dock workers vote to accept contract offer
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo/File PhotoAug 4 (Reuters) - Dock workers in Western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country's busiest ports, their union said on Friday. The vote was 74.66% in favor of the terms of the settlement, the International Longshore and Warehouse Union (ILWU) said in a statement. The union provisionally agreed to a new contract on Sunday, averting an immediate strike, but the agreement needed to be approved by workers. The government had directed the Canada Industrial Relations Board to resolve the dispute after workers rejected a previous contract. Ottawa was seeking to keep two of Canada's three busiest ports - Vancouver and Prince Rupert - open.

Persons: Chris Helgren, Prince Rupert, Seamus O'Regan, ILWU, O'Regan, David Ljunggren, Gursimran Kaur, Simon Cameron, Moore, William Mallard Organizations: Port, Warehouse Union, REUTERS, Canada Industrial Relations Board, Ottawa, Canada's, British Columbia Maritime Employers Association, Canada’s, Thomson Locations: Vancouver, Vancouver , British Columbia, Canada, Western Canada, British, Canada’s West Coast, Bengaluru

☆ Canada dock workers vote to accept contract offer
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Chris Helgren/File Photo/File PhotoAug 4 (Reuters) - Dock workers in Western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country's busiest ports, their union said on Friday. The vote was 74.66% in favor of the terms of the settlement, the International Longshore and Warehouse Union (ILWU) said in a statement. The government had directed the Canada Industrial Relations Board to resolve the dispute after workers rejected a previous contract. Ottawa was seeking to keep two of Canada's three busiest ports - Vancouver and Prince Rupert - open. The union provisionally agreed to a new contract on Sunday, averting an immediate strike, but the agreement needed to be approved by workers.

Persons: Chris Helgren, Prince Rupert, David Ljunggren, Gursimran Kaur, Simon Cameron, Moore, William Mallard Organizations: Port, Warehouse Union, REUTERS, Canada Industrial Relations Board, Ottawa, British Columbia Maritime Employers Association, Thomson Locations: Vancouver, Vancouver , British Columbia, Canada, Western Canada, British, Bengaluru

☆ E-cigarette maker Juul Labs seeks $1 bln in funding - Bloomberg News
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia, U.S., September 26, 2019. REUTERS/Elijah Nouvelage//File PhotoAug 2 (Reuters) - E-cigarette maker Juul Labs is seeking to raise about $1 billion in a fundraising effort, Bloomberg News reported on Wednesday, citing people familiar with the matter. Juul is working with Jefferies Financial Group Inc (JEF.N) for the fundraising, the report said, adding that the e-cigarette manufacturer had about $800 million in revenue in 2022. Juul and Jefferies did not immediately respond to Reuters' request for comment. Reporting by Gursimran Kaur in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Elijah Nouvelage, Juul, Jefferies, Gursimran Kaur, Sonia Cheema Organizations: REUTERS, Juul, Bloomberg, Jefferies, Group Inc, Reuters, Thomson Locations: Atlanta , Georgia, U.S, Marlboro, Altria, Bengaluru

☆ SoftBank's Arm Ltd aims upto $70 bln valuation in September IPO - Bloomberg News
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoAug 2 (Reuters) - British chip designer Arm Ltd is targeting an initial public offering (IPO) at a valuation of between $60 billion and $70 billion as soon as September, Bloomberg News reported on Wednesday, citing people familiar with the matter. The roadshow is scheduled to start in the first week of September with pricing for the IPO to come in the following week, Bloomberg said. It was not immediately clear what impact any IPO investment by one or more of those companies would have on Arm's commercial relationships. Reporting by Gursimran Kaur in Bengaluru; Editing by Savio D'Souza, Nivedita Bhattacharjee and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Gursimran Kaur, Savio D'Souza, Nivedita, Sohini Organizations: REUTERS, Bloomberg, SoftBank Group Corp, Nasdaq, Reuters, Intel, AMD, Nvidia, Qualcomm, Thomson Locations: British, U.S, London, Bengaluru

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