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☆ Japan's property market shows signs of overheating, central bank says
▼ + stars: | 2023-10-20 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

In a heat map of economy sectors which are running hot, the ratio of investment by real estate firms to gross domestic product (GDP) turned "red", a signal that the property market was overheating, the central bank said. "The increase in real estate firms' investment has been accelerated by urban redevelopment projects by major real estate developers," it added. "In some limited commercial areas in central Tokyo, transactions in the higher price range have been increasing," it said, adding that developments in the real estate transaction market "continue to warrant close monitoring". Japanese banks could also face risks from the rising possibility of interest rates remaining high overseas, it added. But credit costs could rise abruptly, particularly for loans to Asia, if overseas interest rates stay higher for longer, it warned.

Persons: Kim Kyung, Banks, Leika Kihara, Kim Coghill, Clarence Fernandez Organizations: REUTERS, Bank of Japan, Bank, U.S . Federal Reserve, Thomson Locations: Tokyo, Japan, TOKYO, Asia

☆ It could take a decade for other automakers to catch Tesla — and none are 'leading contenders' just yet, experts say
▼ + stars: | 2023-10-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . EV sales are growing — they hit a record 300,000 sales in the US by Q3 — but it's happening at a less rapid pace than many in the industry were anticipating. Pricing, lacking infrastructure, and macroeconomic factors will continue to influence buyers' uptake of EVs other than Teslas, the Cloud Theory report said. As such, Cloud Theory experts say: "No company — not even Tesla — is guaranteed a seat at the head table."

Persons: Tesla, —, Theory, Elon, Rick Wainschel, It's Organizations: Service, Cox Automotive, Ford, Chevrolet, EV, Manhattan Locations: China

☆ Bezos-backed freight firm Convoy shuts down after slashing hundreds of jobs. Read the CEO's memo to employees
▼ + stars: | 2023-10-19 | by ( Riley De León | ) www.cnbc.com time to read: +2 min

Dan Lewis, co-founder and CEO of trucking logistics startup Convoy and a former Amazon executive, speaking at the CNBC Technology Executive Council summit it New York City on Oct. 29, 2019. Digital freight broker Convoy told employees Thursday that it's shutting down operations due to a "massive freight recession." The move comes just one week after supply chain software startup Flexport said it will lay off about 20% of its own workforce. Seattle-based Convoy was founded to disrupt the fragmented, low-tech freight brokerage business, in which truckers and customers connected by phone and fax. According to a memo sent to employees Thursday morning, Lewis said the company faced both an "unprecedented freight market collapse" and "dramatic monetary tightening."

Persons: Dan Lewis, Baillie Gifford, Lewis Organizations: Convoy, Amazon, CNBC Technology, CNBC Disruptor, U.K, Hercules, JPMorgan, Microsoft Locations: New York City, Seattle, Convoy's, Atlanta

☆ India's Tata Group mulls $1 bln infusion into super-app venture - Bloomberg News
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

The logo of Tata Group is seen at a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi March 23, 2009. REUTERS/Vijay Mathur/File photo Acquire Licensing RightsBENGALURU, Oct 19 (Reuters) - India's Tata Group is considering a $1 billion capital infusion into its super app Tata Neu to improve its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. Tata may provide the capital in 2024, the report said, adding talks are ongoing and details of the deal could change. A super app combines multiple services onto one platform. Tata Neu was launched in April 2022 and offers products ranging from apparel to airline tickets, and aims to compete with a fast-growing market dominated by Amazon.com (AMZN.O) and Walmart's (WMT.N) Flipkart.

Persons: Vijay Mathur, Tata Neu, Ashna Teresa Britto, Sonia Cheema Organizations: Tata Group, Confederation of Indian Industry, REUTERS, Rights, India's Tata Group, Bloomberg, Tata, Reuters, Amazon.com, Thomson Locations: New Delhi

She hopes the foundation's success in providing support to communities in Haiti even while gang violence escalates in the country will convince other nonprofits to help as well. “Part of this campaign is to help other funders understand that there is an ecosystem in Haiti that is functioning,” Montgomery Tabron said. We're trying to explain to partners that we can help connect them to those places, those pockets of hope where the investments will truly matter and make a difference." In the past month, “Pockets of Hope” raised an additional $20 million collectively in commitments from the Digicel Foundation, the Dunn Family Charitable Foundation, and the Amsterdam-based Porticus foundation. Actress Garcelle Beauvais, who emigrated from Haiti to the United States as a child, told The Associated Press that she wanted to support “Pockets of Hope” to let Haitians know that they have not been forgotten by the rest of the world.

Persons: Jovenel Moïse, Montgomery Tabron, ” Montgomery Tabron, “, Hope ”, Garcelle Beauvais, ”, Beauvais, that's, ’, António Guterres, ” Beauvais, Kellogg Organizations: —, Kellogg Foundation, Digicel Foundation, Charitable Foundation, Associated Press, Housewives, Beverly, United Nations, U.S . Agency for International, Government, USAID, Lilly Endowment Inc, AP Locations: Haiti, Amsterdam, United States, Beverly Hills, Los Angeles, ”, Prince, U.S

☆ China’s Military Is Making Risky Moves and Adding Nuclear Warheads, U.S. Says
▼ + stars: | 2023-10-19 | by ( Chris Buckley | More About Chris Buckley | ) www.nytimes.com time to read: +3 min

Risky ManeuversSince the fall of 2021, the Pentagon report says, the United States has recorded more than 180 intercepts of U.S. aircraft by Chinese military forces in the region. Beijing has long bristled at the U.S. military aircraft and ships that operate in international skies and seas near China. Beijing did not immediately comment on the Pentagon report. The most eye-catching evidence of China’s nuclear buildup in recent years has been three clusters of missile silos that have been dug out of the deserts of northern China. The Pentagon report found that construction of the silos had been completed by last year and that “at least some” intercontinental ballistic missiles had been installed in them.

Persons: Xi Jinping, Xi Organizations: Pentagon, U.S, People’s Liberation Army Locations: United States, Beijing, China . China, China, Canada, U.S, Chinese, Taiwan, Russia

☆ U.S. intel says Gaza hospital death toll likely between 100-300
▼ + stars: | 2023-10-19 | by ( Jonathan Landay | ) www.reuters.com time to read: +2 min

Palestinian officials said 471 people were killed in the blast at Al-Ahli al-Arabi Hospital late on Tuesday. Gaza's health ministry blamed an Israeli air strike, while Israel said the blast was caused by a failed rocket launch by militants. "We judge that Israel was not responsible," said the unclassified U.S. intelligence report. We are still assessing the likely casualty figures and our assessment may evolve, but this death toll still reflects a staggering loss of life," the report said. The report said "only light structural damage at the hospital" has been observed and there was "no observable damage to the main hospital building and no impact craters."

Persons: Ahmed Zakot, Israel, Jonathan Landay, Michelle Nichols, Doina Chiacu, Daniel Wallis Organizations: REUTERS, Rights, Reuters, Thomson Locations: Al, Ahli, Israel, Gaza City, Gaza, Arabi

☆ DraftKings edged out FanDuel for the first time as the market-share leader in US online gambling, a new report shows
▼ + stars: | 2023-10-19 | by ( Margaret Fleming | Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

There's a new top dog in US online gambling. DraftKings edged out rival FanDuel for the largest portion of online gambling market share in the US, according to a Wednesday report from the market research firm Eilers & Krejcik Gaming. DraftKings had amassed about 31% of online gambling gross gaming revenue in the third quarter through August 23, while FanDuel's market-share lead had dipped to 30%. But DraftKings' share has steadily grown steadily since, per the report. FanDuel, meanwhile, has fallen from a Q1 2023 peak of 37% online gambling share.

Persons: FanDuel, DraftKings, sportsbooks, Penn, BetMGM Organizations: Krejcik, Gross, Golden, ESPN Bet, Caesars Entertainment, FanDuel, Wall Locations: BetMGM, Bet365

☆ High bond yields and a strong dollar could be here for longer, as policy conditions mirror the 1980s, Bank of America says
▼ + stars: | 2023-10-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The mix of loose fiscal policy and tight monetary policy looks similar to the 1980s, BofA said. In that decade, those circumstances led to high yields and a strong dollar, similar to what's occurring today. As high yields have generally corresponded with a strong dollar, the greenback will remain historically strong, even if inflation is tamed and interest rates reverse course. AdvertisementAdvertisementBofA continues to forecast a non-landing scenario for the economy, which would support both high yields and a strong dollar. This is a case of markets getting concerned about US debt sustainability, both weakening the USD and increasing yields," Bofa added.

Persons: BofA, —, Reaganomics, Volcker, Bofa Organizations: Service, Bank of America, FX

[1/2] A worker looks on at a construction site of residential buildings by Chinese developer Country Garden, in Beijing, China August 11, 2023. Non-payment would trigger cross defaults in other Country Garden bonds as is standard in bond contracts. Country Garden reiterated on Wednesday that it expects to be unable to meet all of its offshore debt obligations and hopes to seek a "holistic" solution to its difficulties. Shares in Country Garden have lost some 70% of their value this year but gained some ground on Wednesday, rising 2.7%. "I think Country Garden offshore US dollar bond pricing speaks for itself as to the current expectations," said Real Estate Foresight co-founder Robert Ciemniak who publishes on Smartkarma.

Persons: Tingshu Wang, Cedric Rimaud, Garden's, China Evergrande, Robert Ciemniak, Clare Jim, Xie Yu, Scott Murdoch, Anne Marie Roantree, Edwina Gibbs Organizations: REUTERS, HK, Foresight, Data, JPMorgan, Mainland Properties, Thomson Locations: Beijing, China, HONG KONG, U.S, Hang, Hong Kong

[1/2] A worker looks on at a construction site of residential buildings by Chinese developer Country Garden, in Beijing, China August 11, 2023. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsHONG KONG, Oct 18 (Reuters) - The grace period for Chinese property developer Country Garden Holding's (2007.HK) $15 million coupon payment has expired with no word that the money has been paid. Country Garden did not immediately respond to a request for comment. Country Garden has also missed other offshore payments in the past few weeks, though those payments still have not seen their 30-day grace periods lapse. A default would open the way for Country Garden's offshore creditors to begin negotiations with the firm's financial advisors.

Persons: Tingshu Wang, Clare Jim, Scott Murdoch, Xie Yu, Sonali Paul, Edwina Gibbs Organizations: REUTERS, HK, Data, JPMorgan, Mainland Properties, Thomson Locations: Beijing, China, HONG KONG, China's, Hang, Hong Kong, Sydney

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. The company last week warned of its inability to meet offshore debt obligations. Country Garden did not immediately respond to a request for comment from Reuters on Wednesday. With nearly $11 billion of offshore bonds and $6 billion of onshore loans, a default by Country Garden would set the stage for one of China's biggest corporate debt restructurings. Country Garden has also missed other offshore payments in the past few weeks, though those payments still have not seen their 30-day grace periods lapse.

Persons: Aly, Scott Murdoch, Sonali Paul Organizations: Shanghai Country Garden, REUTERS, Rights, Garden Holdings, HK, Reuters, Thomson Locations: Shanghai, China, New York, China's, Sydney

☆ Campaigners say Europe's car leasing giants lag shift into electric gear
▼ + stars: | 2023-10-18 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

But by examining car registration data T&E said that, with the exception of ALD, the leasing companies' claims are false. "Our investigation clearly shows that all leasing companies... are making green leadership claims that are not backed up by evidence," the report says. "In other words, leasing companies are greenwashing." Across the EU as a whole, T&E found EVs made up just over 10% of leasing companies' car purchases, the same share as for the rest of the market. "What remains unclear is whether the major leasing companies will take these steps or remain rooted in the fossil age."

Persons: ZE, Eric Gaillard, Arval, EVs, Nick Carey, Barbara Lewis Organizations: Renault, REUTERS, Transport & Environment, Wednesday, Societe Generale, ALD, BNP, Ford, Nissan, Credit, Financial Services, Thomson Locations: Cagnes, Mer, France

☆ Russia's Lavrov to arrive in North Korea as cooperation deepens
▼ + stars: | 2023-10-18 | by ( Josh Smith | ) www.reuters.com time to read: +2 min

Russian Foreign Minister Sergei Lavrov speaks during a news conference following talks with Arab League Secretary-General Ahmed Aboul Gheit in Moscow, Russia, October 9, 2023. Sergei Ilnitsky/Pool via REUTERS/File Photo Acquire Licensing RightsSEOUL, Oct 18 (Reuters) - Russian Foreign Minister Sergei Lavrov is due to arrive in Pyongyang on Wednesday for meetings seen as setting the stage for a visit by President Vladimir Putin, who has stepped up cooperation with politically isolated North Korea. Russia's TASS news agency reported that Lavrov may brief the North Koreans on the results of Putin's visit to China, as well as discuss the standing invitation to visit Pyongyang. U.S. Special Representative for North Korea Sung Kim on Tuesday called relations between North Korea and Russia "worrying," after the White House said last week Pyongyang recently provided Russia with weapons. The two ships had moved several hundred containers to and from a port in North Korea since August, the RUSI report said.

Persons: Sergei Lavrov, General Ahmed Aboul Gheit, Sergei Ilnitsky, Vladimir Putin, Kim Jong Un, Putin, Lavrov, North Korea Sung Kim, Dmitry Peskov, Josh Smith, Lidia Kelly, Gerry Doyle Organizations: Russian, Arab League, Rights, North, Russia's TASS, Special, U.S, Kremlin, Royal United Services Institute, United Nations, Thomson Locations: Moscow, Russia, Rights SEOUL, Pyongyang, North Korea, Ukraine, Koreans, China, U.S, Korean, Melbourne

☆ 3 simple tactics the best bosses use to help people perform better—No. 1 is 'vacation minimums'
▼ + stars: | 2023-10-18 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

The average worker gets 10-14 days of vacation time per year after one year of service, the U.S. Bureau of Labor Statistics reports. "There are a number of organizations that we've worked with who, instead of having vacation maximums, will say vacation minimums, which is an interesting concept," she said. In some cases, companies even require at least five of each employee's vacation days to be taken consecutively — in other words, a mandatory "solid week" of vacation, said Pruitt-Haynes. Fifty-four percent of U.S. workers say they can't or shouldn't completely stop working while on vacation, according to a 2022 Glassdoor report. Turn off any company-owned devices while you're away and plan busy vacation days to keep yourself from thinking about work, he advised.

Persons: Christy Pruitt, Haynes, we've, Pruitt, Rebecca Port, I've, workcations, Jonny Edser Organizations: Society for Human Resource Management, U.S . Bureau of Labor Statistics, Genomics, CNBC Locations: New York, USA

☆ Trump and Ivanka's relationship was 'severely damaged' after he found out she was friends with Christopher Steele, the former MI6 agent says
▼ + stars: | 2023-10-18 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Former MI6 agent Christopher Steele said that his friendship with Ivanka Trump hurt her relationship with her dad. AdvertisementAdvertisementFormer President Donald Trump's relationship with his daughter Ivanka broke down "severely" when the somewhat awkward news emerged that she had an undisclosed friendship with Christopher Steele, the former MI6 agent said on Tuesday. AdvertisementAdvertisement"I informed them that I had in fact had a friendship and professional relationship with Ivanka Trump . AdvertisementAdvertisementBut in his witness statement on Tuesday, Steele said that revealing this had led to trouble with the then-president. Ivanka Trump served as a presidential advisor during the Trump administration and took to the stage in 2020 to introduce him at the RNC.

Persons: Christopher Steele, Ivanka Trump, Steele, —, Donald Trump's, Ivanka, Trump, Sonam Sheth, General Michael Horowitz, Steele's, Ms Trump, Trump's, Mr Steele, Jared Kushner — Organizations: Service, Trump, Associated Press, Business Intelligence, FBI, DOJ, The Times, Guardian, Trump Tower, Times, RNC, DC Locations: London, Trump, Russia, Scotland

☆ This currency is now the world’s top performer, after rebounding from record lows
▼ + stars: | 2023-10-18 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

A roadside money changer handling Pakistani rupee coins in Karachi, Pakistan. Bloomberg | Bloomberg | Getty ImagesThe Pakistani rupee has rebounded from an all-time low to become the world's top performing currency — and there's still room to strengthen, analysts say. The currency plummeted to a record low of 307 rupees against the greenback in early September, according to data from LSEG. This was largely owed to a government clampdown on a widespread illicit dollar trade. The lofty figure was largely owed to the weakness of Pakistan's currency, reduced domestic fuel and electricity subsidies, and supply chain disruptions, the report said.

Persons: there's, Tahir Abbas Arif Habib, Tahir Abbas, Arif Habib, Abbas, Steve Hanke Organizations: Bloomberg, Getty, PKR, South Korean, Federal Investigation Agency, Pakistan, CNBC, Johns Hopkins University, Bank, World Bank, Johns Hopkins Locations: Karachi, Pakistan, LSEG

☆ OpenAI tried to develop an AI model named after a dystopian hellscape in 'Dune,' but the project failed to land, report says
▼ + stars: | 2023-10-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

OpenAI may have looked to a sci-fi dystopia to draw inspiration for a new AI model. The ChatGPT developer worked on an AI model codenamed Arrakis, The Information reported. AdvertisementAdvertisementOpenAI reportedly scrapped the launch of an AI model named after the dystopian desert world of science-fiction epic "Dune" after it failed to meet expectations. OpenAI began work on Arrakis alongside GPT-4, its latest AI model , to create a system that could power AI applications like ChatGPT much more cheaply, the Information report said. Despite the surging growth, OpenAI faces several challenges ahead, as competitor Google prepares to release rival AI model Gemini , while an AI safety summit next month is likely to bring the company's technology under fresh scrutiny.

Persons: Arrakis, —, OpenAI, Frank Herbert's, Sam Altman Organizations: Service, ChatGPT, GPT, Microsoft, Google

French police stand guard in front of the Chateau de Versailles (Palace of Versailles) as tourists enter again after the Palace was evacuated for security reasons, in Versailles, near Paris, France, October 17, 2023. REUTERS/Clotaire Achi/File Photo Acquire Licensing RightsPARIS, Oct 18 (Reuters) - Eight French airports faced security alerts on Wednesday and several were evacuated for checks, the DGAC aviation authority said, and the Palace of Versailles closed again due to its third security scare in five days. Lille airport was evacuated due to a bomb scare, the airport had said earlier in the day on social media platform X. The Palace of Versailles, one of France's main tourist attractions, said it was again evacuating visitors for security reasons. Reporting by Dominique Vidalon, Marine Strauss; editing by Bernadette Baum and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Chateau, Clotaire, Dominique Vidalon, Marine Strauss, Bernadette Baum, Mark Heinrich Our Organizations: REUTERS, Rights, Louvre, Gare de Lyon, Thomson Locations: Versailles, Paris, France, Toulouse, Biarritz, Pau, Nice, Lyon, Lille, Rennes, Nantes

☆ A Ukrainian special forces soldier who snuck into Crimea in a nighttime raid said he was chased by Russian warships as he left
▼ + stars: | 2023-10-18 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine's special forces recently conducted a nighttime raid on Crimea using jet skis. A soldier involved in the raid said they were chased by Russian warships as they left, but escaped. AdvertisementAdvertisementA Ukrainian special forces soldier said he and his comrades were chased by Russian warships after a daring nighttime raid on occupied Crimea. Ukrainian soldiers then appear to hold up a Ukrainian flag. There were four of them, each with a crew of 20 Russian soldiers armed with heavy machine guns and a 30-millimeter gun," he said.

Persons: —, GUR, Andrey Yusov, Muzykant Organizations: Service, CNN, Pravda, Raptors, Black, Ukrainian Locations: Crimea, Ukraine, Russia, Russian, London

☆ AI should cut pensions costs, highlight risks - report
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Oct 17 (Reuters) - Artificial intelligence should improve pensions performance by cutting costs and highlighting upcoming risks, the Mercer CFA Institute's global pensions report said on Tuesday, with the Netherlands in top spot in this year's index. Additional uses for AI could include building customised portfolios and identifying market anomalies, although AI was unlikely to be able to predict market movements with accuracy so uncertainty will remain, the report said. Iceland came second and Denmark third in the 2023 index. Reporting by Carolyn Cohn; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, David Knox, Mercer, Carolyn Cohn, Alexander Smith Organizations: REUTERS, Mercer CFA, Mercer, CFA Institute, Monash Centre, Financial Studies, Denmark, Thomson Locations: Netherlands, Iceland

☆ As the holidays approach, shoppers are in a mood to spend – on their homes and themselves
▼ + stars: | 2023-10-17 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Spending on the holiday season is expected to rebound to – and even surpass – pre-pandemic levels this year for the first time. The year-end months of November and December typically are dominated by shoppers scouring stores for deals and discounts on seasonal merchandise, including gifts. “As many as 82% of shoppers said they plan to spend on non-gift purchases such as decorations. While gift spending is still expected to grow 9% over last year, the report said people plan to buy one fewer gift versus last year. “In terms of the allocation of holiday dollars, the biggest increase that we saw is in the non-gift group,” said Skelly.

Persons: –, it’s, Skelly, It’s, ” Organizations: New, New York CNN, Deloitte, Retail Survey, CNN Locations: New York

Several reported calling child welfare to express concerns. The agency also said in its summary that Zoey's mother was working with court services. Just six days earlier, Zoey's mother had called to report that the then 4-year-old was missing, a police incident report shows. Zoey's mother was jailed until March, when she pleaded guilty to felony aggravated battery and driving under the influence and was sentenced to probation. But officers were told by Zoey’s father that she wasn’t living there, city spokeswoman Gretchen Spiker said.

Persons: Zoey Felix, ”, Zoey, Mickel Cherry, haven't, “ Zoey Felix’s, Laura Kelly, Kelly, aren’t, Cherry, Judge Christopher Turner, Mark Manna, Neighbors, Zoey's, Zoey’s, Gretchen Spiker, Laura Howard, “, DCF Organizations: —, Department of Children, Families, of Children, Defense, Police, Department for Children Locations: TOPEKA, Kan, Kansas, Topeka

☆ A lot of 2023's new unicorns have been generative AI startups. Here's what to expect from the sector next year, according to Accel.
▼ + stars: | 2023-10-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +4 min

Generative AI startups have made up a lot of the world's new unicorns this year. High-profile investors have jostled to back, in some cases, weeks-old startups like Mistral as the hype around generative AI intensified. Both regions also tout a batch of promising unicorns across the generative AI stack. Generative AI will become a run-of-the-mill tool"Generative AI will unlock new verticalised applications built with smaller and dedicated models and industry-specific workflows," the Accel report said. Enterprises will also jump to incorporate generative AI more seamlessly into their automation tools, per the report.

Persons: —, Phillipe Botteri, Harvey Organizations: Venture, Mistral, US, Accel Partners, Runway, Accel, EU, Stanford University, Enterprises, Big Tech, Microsoft Locations: Europe, Israel, Jasper, France, EU

☆ Microsoft in talks to sign on Amazon as customer in $1 bln cloud tools deal - Insider
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Microsoft logo is seen at the Microsoft store in New York City, July 28, 2015. The global launch of the Microsoft Windows 10 operating system will take place on July 29. The e-commerce giant has committed the amount for over five years and to secure more than one million Microsoft 365 license seats, according to the report. Microsoft, whose shares gained nearly 1% in extended trading following the report, declined to comment. Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Yuvraj Malik, Sriraj Organizations: Microsoft, REUTERS, Reuters, Thomson Locations: New York City, Bengaluru

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