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☆ Malaysia says TikTok fails to fully comply with local laws
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

Printed TikTok logos are seen in this illustration taken February 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsKUALA LUMPUR, Oct 12 (Reuters) - TikTok has not done enough to curb defamatory or misleading content in Malaysia, the communications minister said on Thursday, adding that the short video application had also failed to comply with several, unspecified local laws. In a social media message posted after meeting TikTok representatives, Minister Fahmi Fadzil said TikTok also had to address issues related to content distribution and advertising purchases following complaints. He said TikTok had assured him it would cooperate with the government and that its shortcomings were due to not having a representative in Malaysia at present. A spokesperson for TikTok did not immediately respond to a request for comment about the meeting or the minister's remarks.

Persons: Dado Ruvic, Fahmi Fadzil, TikTok, Fahmi, Anwar Ibrahim's, Danial Azhar, Miral Organizations: REUTERS, Malaysian, Facebook, Meta, Communications, Multimedia, Thomson Locations: KUALA LUMPUR, Malaysia, Southeast Asia, Vietnam

ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. Pioneer shares closed at $237.41 on Tuesday, having risen 11% since the first reports of a deal surfaced last Thursday. Exxon declined to comment on "market speculation," while Pioneer did not immediately respond to a request for comment. It is the third-largest oil producer in the Permian basin, after Chevron Corp (CVX.N) and ConocoPhillips (COP.N), with rock-bottom production costs averaging about $10.50 per barrel of oil and gas. Under CEO Scott Sheffield, the oil producer grew through rapid-fire purchases, including multi-billion dollar deals in 2021 for DoublePoint Energy and Parsley Energy.

Persons: Dado Ruvic, Darren Woods, Scott Sheffield, Exxon's, Shubhendu, Anirban Sen, Sabrina Valle, Gary McWilliams, Rashmi Aich, Jamie Freed Organizations: ExxonMobil, Pioneer, REUTERS, Exxon Mobil, Natural Resources, Exxon, Mobil Oil, Antitrust, Reuters, Exxon socked, Chevron Corp, ConocoPhillips, DoublePoint Energy, Parsley Energy, BG Group, Bloomberg News, Denbury Inc, Denbury, Shubhendu Deshmukh, Thomson Locations: HOUSTON, Ukraine, U.S, Bengaluru, New York, Houston

☆ US Space Force pauses use of AI tools like ChatGPT over data security risks
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Oct 11 (Reuters) - The U.S. Space Force has paused the use of web-based generative artificial intelligence tools like ChatGPT for its workforce over data security concerns, according to a memo seen by Reuters. It said the temporary ban was "due to data aggregation risks." "This is a temporary measure to protect the data of our service and Guardians," she added. Costa said in the memo that her office had formed a generative AI task force with other Pentagon offices to mull ways to use the technology in a "responsible and strategic manner." More guidance on Space Force's use of generative AI would be released in the next month, she added.

Persons: Dado Ruvic, Lisa Costa, Tanya Downsworth, Costa, Joey Roulette, Jonathan Oatis Organizations: REUTERS, Rights, U.S . Space Force, Reuters, Space Force, force's, Technology, Innovation, Air Force, Bloomberg, USSF, Thomson Locations: mull

Dealmaking in the U.S. oil and gas patch has picked up pace as producers sought to replenish their inventory after years of under-investment. The most-prized targets for Chevron could be Coterra Energy (CTRA.N) or Devon Energy (DVN.N), he added. Others mentioned included Matador Resources (MTDR.N), Permian Resources (PR.N) and Diamondback Energy (FANG.O). Still, the Exxon deal, the industry's largest since 2016, also set off worries about stiff regulatory scrutiny over anti-competitive concerns. Exxon does not anticipate antitrust hurdles to complete the deal, expected by early 2024.

Persons: Exxon Mobil's, Gabriele Sorbara, Siebert Williams Shank, Sorbara, Dado Ruvic, Andrew Dittmar, Elizabeth Warren, Sven Del Pozzo, Mrinalika Roy, Chris Sanders, Sriraj Organizations: Exxon, Natural Resources, Co, Chevron, ConocoPhillips, ExxonMobil, Pioneer, REUTERS, Devon Energy, Matador Resources, Diamondback Energy, U.S, P, Insights, Thomson Locations: U.S, Bengaluru, Washington

☆ Australia unveils draft law to regulate digital payment providers
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] A smartphone with Apple Pay and Google Pay logos is placed on a laptop in this illustration taken on July 14, 2021. Apple Pay, Google Pay and China's WeChat Pay, which have grown rapidly in recent years, are not currently designated as payment systems, putting them outside Australia's financial regulatory system. The proposed rules would enable the Reserve Bank of Australia (RBA) to monitor digital wallet payments in the same way as credit card networks and other transactions. The draft law would expand the definitions of "payment system" and "participant" in Australia's existing laws, treasury documents showed. Payments infrastructure and the regulatory framework have not kept pace with transitions in finance, particularly in Australia's digital economy and payments.

Persons: Dado Ruvic, Jim Chalmers, Renju Jose, Stephen Coates Organizations: Apple, REUTERS, Rights, Google, Reserve Bank of Australia, Australian Banking Association, Thomson Locations: Sydney

☆ India's Bharti Group to buy out French partner AXA's stake in JV
▼ + stars: | 2023-10-11 | by ( Hritam Mukherjee | ) www.reuters.com time to read: +2 min

Logos of France's biggest insurer Axa are seen on a building in Nanterre, near Paris, March 8, 2016. REUTERS/Christian Hartmann/File Photo Acquire Licensing RightsBENGALURU, Oct 11 (Reuters) - Bharti Group will acquire French insurer AXA's (AXAF.PA) 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. "There is ample scope for life insurance to grow in India. Bharti's JV deal, made through its Bharti Life Ventures arm, is expected to close by December this year, subject to regulatory approvals. The company competes with HDFC Life Insurance (HDFL.NS), ICICI Prudential Life Insurance (ICIR.NS), SBI Life Insurance (SBIL.NS) and LIC in a market ranked ninth in the world, according to the insurance regulatory body's latest annual report.

Persons: Christian Hartmann, Bharti, Burman, Avinash Singh, Hritam Mukherjee, Nivedita Bhattacharjee, Anil D'Silva Organizations: Axa, REUTERS, Rights, Bharti Group, Bharti AXA Life Insurance, Bharti, AXA, Life Insurance Corporation of India, United Provident Association, Insurance, JV, Religare Enterprises, Emkay Global Financial Services, Bharti's JV, Ventures, Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, Bharti Airtel, Bharti Realty, Del Monte Foods, Del, Del Monte Pacific, Thomson Locations: Nanterre, Paris, India, Del Monte, Bengaluru

☆ Global watchdog reveals tensions at heart of Credit Suisse debacle
▼ + stars: | 2023-10-10 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The report, however, exposed tensions and conflicts at the heart of a process that ultimately required Switzerland to initially back the emergency rescue of Credit Suisse by rival UBS (UBSG.S) with public money to avert panic. The officials summed up that the "resolution" rules for shutting a collapsing bank without panicking markets could have worked for Credit Suisse, though public money would still likely have been needed. The FSB report sheds new light on events that led to Credit Suisse's downfall. The FSB said Switzerland's action preserved financial stability, even if it raised questions as to why the resolution was not chosen.

Persons: Denis Balibouse, Karin Keller, Sutter, Switzerland's Keller, FINMA, Andrew Bailey, Arturo Bris, Mayra Rodriguez Valladares, Arthur Wilmarth, it’s, Tatiana Bautzer, Elisa Martinuzzi, Stefania Spezzati, Pete Schroeder, Mark Potter, Nick Zieminski Organizations: Credit Suisse, UBS, REUTERS, UBS Group, Swiss, U.S, Bank of England, IMD, Bank, MRV Associates, Banco, George Washington University Law School, Thomson Locations: Zurich Switzerland, Switzerland, Swiss, U.S

☆ Adobe unveils new image generation tools in AI push
▼ + stars: | 2023-10-10 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Image-generating technology from firms like Midjourney and Stable Diffusion have threatened Adobe's customer base of creative professionals who use its tools like Photoshop. The new generation of tools announced on Tuesday will include a feature called "Generative Match". Like Adobe's earlier tool, it will allow users to generate an image from a few words of text. "Some amount of photography is going to move to virtual photography, where you're generating from whole cloth. Adobe on Tuesday also rolled out tools that generate vector graphics, which can easily be resized and are commonly used for logos and product labels, as well as tools for generating templates for brochures and other items.

Persons: Dado Ruvic, Ely Greenfield, Greenfield, Stephen Nellis, Sonali Paul Organizations: REUTERS, Adobe, Reuters, Thomson Locations: San Jose , California, San Francisco

☆ From Dunkin' to Pizza Hut: 11 company rebrands that sparked customer outrage
▼ + stars: | 2023-10-10 | by ( Jennifer Ortakales Dawkins | Alex Bitter | ) www.businessinsider.com time to read: +1 min

Many companies have unveiled new names and logos to make themselves stand out. But sometimes rebrands backfire — only to receive an underwhelming reception from shoppers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Many companies have unveiled rebrands to make themselves stand out in that environment — only to see their new name or logo get an underwhelming or even hostile reception from shoppers. Here are our picks for the 11 worst rebrands in retail.

Persons: — Organizations: Service

WNBA Commissioner Cathy Engelbert joked Sunday she'll have to get new shoes now that the league has added one expansion team, with another most likely on the way soon. Engelbert has a pair of high heels with all of the WNBA team logos on them. The shoes will become a collectors' item in 2025 when the expansion team owned by the Golden State Warriors starts playing. “The goal is to add a second one, or 14th team, by 2025,” Engelbert said before Game 1 of the WNBA Finals. Portland had a WNBA team from 2000-02, playing its games at the Rose Garden before the franchise folded.

Persons: Cathy Engelbert, Engelbert, “, ” Engelbert, I've, Charlotte ,, Dearica Hamby, Becky Hammon, “ wasn't, ” Organizations: WNBA, Golden State Warriors, Oregon State, Los Angeles Sparks, Las Vegas Aces, Commission Locations: Denver, Philadelphia, Charlotte, Charlotte , North Carolina, Nashville , Tennessee, Portland , Oregon, Portland, Oregon

A video address by Fain is scheduled for 2 p.m. EDT (1800 GMT) and will cover substantive bargaining updates, people familiar with the UAW's plans said. In the UAW version, the winner offers richer contract terms, and gets a week without a new strike. Fain's Friday video addresses have become must-see events since he launched coordinated strikes at GM, Ford and Stellantis plants shortly after midnight on Sept. 15. So far, the union has ordered walkouts at five assembly plants and 38 parts depots operated by GM and Stellantis. Last Friday, Fain called off a strike planned at one of Stellantis' assembly plants after the automaker delivered new proposals minutes before the scheduled start of his talk.

Persons: Shawn Fain, Fain, Tesla, Elon, Ford, walkouts, Joe White, Matthew Lewis Organizations: DETROIT, United Auto Workers, Detroit Three, Detroit, Detroit automakers, Facebook, UAW, General Motors, Ford Motor, Chrysler, GM, Ford, Reuters Graphics Reuters, Thomson Locations: Detroit

☆ UAE's ADNOC awards $17 bln of contracts for gas project
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +3 min

Logos of ADNOC are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. Italian engineering group MAIRE (MTCM.MI) and energy services group Saipem (SPMI.MI) said in separate statements they had been awarded $8.7 billion and $4.1 billion contracts by ADNOC respectively for the project. MAIRE's onshore EPC contract is worth about $8.74 billion and includes CO2 and sulphur recovery and handling, ADNOC said. The Hail and Ghasha project will capture 1.5 million tonnes per year (mtpa) of CO2, which would raise ADNOC's committed investments for carbon capture capacity to almost 4 mtpa, the statement said. ADNOC - which in July brought forward its net zero carbon emissions target to 2045 - last week said it aimed to increase its carbon capture capacity to 10 mtpa by 2030.

Persons: Toru Hanai, MAIRE, MTCM.MI, ADNOC, Saipem, Saipem's, Al Kindy, Sultan al, Jaber, Yousef Saba, Clauda, Alberto Chiumento, Jan Harvey, Mark Potter Organizations: REUTERS, Rights, Abu Dhabi National Oil Company, ADNOC, National Petroleum Construction Company, Fertiglobe, United Arab Emirates, United, Thomson Locations: Gastech, Chiba, Japan, Rights DUBAI, Abu Dhabi, Saipem, UAE, United Nations, Dubai, Gdansk

☆ Indian IT firms set for "washout" year, focus now on 2025 - J.P.Morgan
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012. REUTERS/Vivek Prakash/File Photo Acquire Licensing RightsBENGALURU, Oct 5 (Reuters) - J.P.Morgan analysts expect investors to parse upcoming second-quarter results and commentary from Indian IT companies for signs of recovery in deal signings in fiscal 2025 following a "washout" year. The focus for this quarter's earnings reports will be on deal signings as well as the split of new deals versus renewals to assess fiscal 2025 growth, the analysts said. J.P.Morgan expects high single-digit earnings growth, in percentage terms, for large-cap IT companies in fiscal 2025, while market expectations are for double-digit growth. Nonetheless, J.P.Morgan upgraded Infosys (INFY.NS) to "neutral" from "underweight" saying lower expectations were baked in and its large deal wins give visibility into fiscal 2025.

Persons: Vivek Prakash, Ankur Rudra, Bhavik Mehta, Rudra, Mehta, Navamya Ganesh, Savio D'Souza, Janane Organizations: Indian, Infosys, REUTERS, Rights, TCS, Wipro, J.P.Morgan, Thomson Locations: Electronic, Bangalore, Indian, Bengaluru

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsDETROIT, Oct 5 (Reuters) - General Motors (GM.N) said on Thursday it had made a counteroffer to the United Auto Workers (UAW) in a bid to end a strike by the union against the U.S. automaker. Separately, UAW President Shawn Fain plans an update on the status of the talks with the Detroit Three automakers at 2 p.m. EDT (1800 GMT) on Friday in the three-week-old strike. The first-ever targeted strike against the Detroit Three automakers, including Ford (F.N) and Stellantis (STLAM.MI), began on Sept. 15. The UAW said on Monday it presented a new contract offer to GM. In addition to Ford, talks with Chrysler parent Stellantis and have been active in recent days, sources said.

Persons: Rebecca Cook, Shawn Fain, Fain, Ford, Stellantis, Mack Trucks, David Shepardson, Ben Klayman, Joseph White, Chizu Nomiyama, Matthew Lewis Organizations: General Motors, REUTERS, Rights, United Auto Workers, UAW, U.S . automaker, Detroit Three, Ford, GM, Reuters, Chrysler, Detroit automakers, Wednesday, Volvo Group, Thomson Locations: Detroit , Michigan, U.S, Detroit

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The analyst said higher deposit rates were potentially being used to limit outflows at Credit Suisse and had been weighing on the bank's ability to bolster revenue. Credit Suisse reported net asset outflows of 39 billion francs in the second quarter. However, UBS said the outflows had slowed down and reversed in June, with Credit Suisse reporting net deposit inflows of $18 billion in the second quarter. UBS's Chief Executive Sergio Ermotti has said he aims to get back the Credit Suisse assets.

Persons: Denis Balibouse, Kian Abouhossein, Abouhossein, Sergio Ermotti, Ermotti, Noele Illien, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, Mark Potter Organizations: Credit Suisse, UBS, REUTERS, Rights, Suisse, JPMorgan, UBS's, Thomson Locations: Zurich Switzerland, Raiffeisen, Switzerland

☆ WeWork to withhold interest payment on some notes
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

WeWork logos are seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo Acquire Licensing RightsOct 2 (Reuters) - WeWork Inc (WE.N) on Monday said it had decided to withhold interest payments of about $95 million related to some of its notes, as it tries to improve its capital structure. The company has a 30-day grace period to make the interest payments before a non-payment can be considered an "event of default", WeWork said in a regulatory filing. The company has the liquidity to make the interest payments and may decide to pay "in the future", it added. The company withheld interest payments of about $37.3 million payable in cash and $57.9 million of payment-in-kind (PIK) notes, each payable on Monday.

Persons: Kate Munsch, SoftBank, WeWork, Shivansh, Maju Samuel Organizations: REUTERS, WeWork, New York Stock Exchange, Thomson Locations: San Francisco , California, U.S, Bengaluru

In our view, the companies in the regulators' sights — Alphabet 's (GOOGL) Google, Amazon (AMZN) and Microsoft (MSFT) — are not engaged in anti-competitive behavior. In January, the DOJ filed a second, separate antitrust lawsuit against Alphabet in the U.S. District Court for the Eastern District of Virginia. MSFT YTD mountain Microsoft YTD U.K. regulators have also hounded the Big Tech name, aiming to block Microsoft's acquisition of Activision over cloud gaming concerns. In a showdown years in the making, the FTC last month filed a highly-anticipated antitrust lawsuit against e-commerce giant Amazon. The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen.

Persons: Satya Nadella, —, Nadella, Bing, Jim Cramer, Activision Blizzard, ChatGPT, Morgan Stanley, Joe Biden, Lina Khan, Khan, Jim, Jim Cramer's, Justin Tallis Organizations: Big Tech, Google, Microsoft, Washington D.C, Justice, District of Columbia, DOJ, Eastern, of, Activision, Federal Trade Commission, FTC, Ubisoft, U.K, Markets Authority, Yale Law, Amazon, CNBC, Apple, Facebook, Getty Locations: Washington, U.S, of Virginia, Virginia, Amazon

☆ Japan's Sony says Zee merger to be delayed by a few months
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Zee Entertainment and SONY logos are displayed in this illustration taken, September 1, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSept 29 (Reuters) - Japan's Sony Group Corp (6758.T) said on Friday a merger of its Indian unit with Zee Entertainment Enterprises (ZEE.NS), which had an initial deadline of September, would take a few more months to complete. "Based on the current state of preparation, we expect completion within the next few months," Sony said in a statement, without elaborating further. It was delayed due to issues including a legal battle with lenders over loan defaults by a Zee group entity. Zee shares, which have lost about a quarter of their value since the merger was announced in 2021, were up 2.7% on Friday.

Persons: Dado Ruvic, Punit Goenka, Zee, Ashna Teresa Britto, Chris Thomas, Dhanya Ann Thoppil, Sohini Organizations: Zee Entertainment, SONY, REUTERS, Sony Group Corp, Zee Entertainment Enterprises, Sony, Zee, Securities and Exchange Board, India, Finance, Thomson

☆ UK's CMA says examining Qualcomm's buyout of Israel's Autotalks
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Autotalks and Qualcomm logos are seen in this illustration taken, May 8, 2023. REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsCompanies Autotalks Ltd FollowQualcomm Inc FollowSept 29 (Reuters) - Britain's antitrust regulator on Friday said it was examining whether Qualcomm's (QCOM.O) purchase of Israeli auto-chip maker Autotalks would lessen competition in the UK market. Qualcomm had said it would acquire Autotalks, a maker of chips used in crash-prevention technology in vehicles, but had not disclosed the terms of the deal. Autotalks, which makes dedicated chips used in the V2X communications technology sector for manned and driverless vehicles, would help Qualcomm expand its automotive business. Qualcomm and Autotalks did not immediately respond to Reuters' request for comment.

Persons: Dado Ruvic, Autotalks, Eva Mathews, Rashmi Aich, Dhanya Ann Thoppil Organizations: Qualcomm, REUTERS, Markets Authority, Politico, U.S . Federal Trade Commission, Reuters, Thomson Locations: Bengaluru

☆ OpenAI, Jony Ive in talks to raise $1 bln from SoftBank for AI device venture - FT
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. Sam Altman, OpenAI's chief, has tapped Ive’s company LoveFrom to develop the ChatGPT creator’s first consumer device, the report said. Ive and LoveFrom could not be reached for comment. Tech website The Information first reported on Tuesday that Ive and Altman have been discussing building a new AI hardware device and that Softbank's Son has also been involved in some aspects of the conversation. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Rashmi Aich and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, OpenAI, Jony, Sam Altman, LoveFrom, Altman, Steve Jobs, Kanjyik Ghosh, Rashmi Aich, Eileen Soreng Organizations: REUTERS, Apple, Financial Times, OpenAI's, Tech, Thomson Locations: OpenAI, Bengaluru

☆ ChatGPT users can now browse internet, OpenAI says
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 27 (Reuters) - ChatGPT users will now be able to surf the web, Microsoft-backed (MSFT.O) OpenAI said on Wednesday, expanding the data the viral chatbot can access beyond its earlier September 2021 cutoff. The artificial intelligence startup said its latest browsing feature would allow websites to control how ChatGPT can interact with them. "Browsing is available to Plus and Enterprise users today, and we'll expand to all users soon. OpenAI had earlier tested a feature that allowed users to access the latest information through the Bing search engine within its premium ChatGPT Plus offering.

Persons: Dado Ruvic, OpenAI, Bing, Siri, ChatGPT, Samrhitha, Devika Syamnath, Pooja Desai Organizations: REUTERS, Microsoft, Enterprise, Twitter, Bing, Thomson Locations: OpenAI, Bengaluru

☆ UBS, Credit Suisse face wider US probe over Russia sanctions -Bloomberg News
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich, Switzerland March 19, 2023. UBS declined to comment to Reuters when asked for a response to the Bloomberg News report, which said the alleged compliance failures related to UBS and Credit Suisse, which was taken over by its larger rival UBS (UBSG.S) earlier this year. A full-scale investigation by the Department of Justice focusing mainly on Credit Suisse and potential sanctions violations was now underway, added the Bloomberg report, citing people familiar with the matter. "Credit Suisse has conducted a review of these issues, the UK and French aspects of which have been closed, and is continuing to cooperate with the authorities," UBS added. The Swiss bank has also adjusted its valuation of Credit Suisse by $3 billion to cover outflows related to contingent liabilities such as law suits.

Persons: Denis Balibouse, JP Morgan, Shivani Tanna, John Revill, Krishna Chandra Eluri, Emelia, Jane Merriman, Alexander Smith Organizations: UBS, Credit Suisse, REUTERS, Rights, U.S . Department of Justice, Bloomberg, Department of Justice, Justice, United, European Union, Suisse, DOJ, Credit, Thomson Locations: Zurich, Switzerland, United Nations, United States, Switzerland's, Britain, Netherlands, France, Belgium, Swiss, Ukraine, Crimea, Bengaluru

☆ Renault ends common purchasing agreement with Nissan and Mitsubishi
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. Renault and Nissan finalised at the end of July the terms of a restructured alliance after months of negotiations. Talks dragged on months longer than expected due in part to Nissan, which was concerned about protecting its intellectual property in future collaborations. The July agreement freed both companies to focus on the more pressing problem of navigating the fast-changing industry landscape. Reporting by Dominique Vidalon;additional reporting by Gilles Guillaume Editing by Sudip Kar-Gupta and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, carmaker, Dominique Vidalon, Gilles Guillaume, Sudip Kar, Gupta, Mark Potter Organizations: Renault, Nissan, REUTERS, Rights, carmaker Renault, Mitsubishi, Thomson Locations: Le Coteau, France, China

Houses at the Redhill Peninsula, a luxurious residential estate in the Tai Tam area of Hong Kong, on September 13. She was referring to the Hong Kong International School, one of the most prestigious in town. Flooded roads after heavy rains in Hong Kong on September 8. Typhoon Saola, which barreled through Hong Kong on September 1, was the strongest to hit the city in five years. Scientists say climate change will make such weather events only more frequent and some are urging Hong Kong to rethink its rain mitigation strategy.

Persons: Hong Kong CNN —, Feng Shui, –, Benny Chan, Chris Lau, ”, Tyrone Siu, Saola, Haikui, Hong Kong, Leung, ” Leung, Mai, Ray Su, Su, wouldn’t, John Lee, Chan, ” Chan, “, Chan Kim Organizations: Hong Kong CNN, South China, Hong Kong Institute of Architects, CNN, Redhill, Porsche, Rover, Ferrari, Hong Kong International School, RTHK, University of Hong, Hong Kong’s Buildings Department, Liber Research Locations: Hong Kong, South, tycoons, Redhill, Tai Tam, Malibu, Los Angeles, “, Hong, University of Hong Kong

☆ I'm a celebrity fashion stylist. Here are 5 brands I love that scream 'quiet luxury'—they start at just $9
▼ + stars: | 2023-09-22 | by ( Ashley Afriyie | ) www.cnbc.com time to read: +3 min

Zoom In Icon Arrows pointing outwards Credit: The Frankie ShopZoom In Icon Arrows pointing outwards Credit: The Frankie ShopWhile a bit more expensive than Zara, they offer more curated products and on-trend, minimalist designs. Zoom In Icon Arrows pointing outwards Credit: IntimissimiSilk and cashmere are sought after because the process to create them takes so long. Zoom In Icon Arrows pointing outwards Credit: MejuriMy must-haves are the pearl-stud earrings ($198) and delicate chain necklace ($148). Zoom In Icon Arrows pointing outwards Credit: Mejuri5. Zoom In Icon Arrows pointing outwards Credit: Uniqlo

Persons: Celine, Max Mara, Zara Zara's, Zara, Uniqlo Organizations: Gucci, Saks Fifth, Uniqlo Locations: Zara, New York City, Paris

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