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☆ US budget fight could create opening for China in the Pacific
▼ + stars: | 2023-10-05 | by ( David Brunnstrom | ) www.reuters.com time to read: +4 min

The stopgap "continuing resolution" (CR) that prevented a federal government shutdown does not include approval for this new program, however, and while it maintains federal services to the COFA states, it leaves holes in other parts of their budgets. "Both are countries that recognize Taiwan and are key components of U.S. defense architecture in the Pacific," she said. Paskal said Palau's funding under its existing COFA had dwindled as it approached its final year and it had been banking on funds from the new package to help cover budget deficits. The Washington embassies of Palau and the Marshall islands did not immediately respond to requests for comment. Reporting by David Brunnstrom; Editing by Don Durfee and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Biden, Cleo Paskal, Paskal, Kaleb Udui, Marshall, Washington, David Brunnstrom, Don Durfee, Josie Kao Organizations: U.S, Congress, Marshall, Northern Pacific, Free Association, Washington, Foundation for Defense, Democracies, U.S . Congress, Palau's Finance, Howard, COFA, . State Department, State Department, Pacific, Forum, Thomson Locations: U.S, Micronesia, Palau, China, Northern, Marshall Islands, Taiwan, Beijing, Washington

India is by far Canada's largest source of global students in the country's fast-growing international education business, making up for roughly 40% of study permit holders. International students contribute over C$20 billion ($14.6 billion) to the Canadian economy each year. Reuters spoke to more than a dozen universities and consultants in Canada and India who said they were taking measures to reassure students. Last week, Canadian Immigration Minister Marc Miller described international students "an asset that is very lucrative". In Punjab's Amritsar, home to the Golden Temple, one of the holiest sites in Sikhism, over 5,000 students moved to Canada last year.

Persons: Justin Trudeau, Hardeep Singh Nijjar, We've, Joseph Wong, Ashok Kumar Bhatia, John Tibbits, Tibbits, Marc Miller, Rhonda Lenton, Jiwan Sharma, Melanie Joly, Gurbakhshish Singh, Nivedita Balu, Wa, Manoj Kumar, Denny Thomas, Josie Kao Organizations: Canada's, Canadian, Reuters, University of Toronto, Reuters Graphics, Association of Consultants, Overseas Studies, Conestoga, York, Taxi, Thomson Locations: India's, Vancouver , British Columbia, Canada, TORONTO, AMRITSAR, India, New Delhi, British Columbia, Kitchener , Ontario, Punjab, Punjab's Amritsar, Ottawa, Amritsar, Wa Lone, Toronto

☆ US Budget Fight Could Create Opening for China in the Pacific
▼ + stars: | 2023-10-05 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

The Biden administration had hoped to see Congress endorse by Sept. 30 new 20-year funding programs for Micronesia, the Marshall Islands and Palau, which after decades of relative neglect now find themselves at the center of a U.S. battle for influence with China in the Northern Pacific. The stopgap "continuing resolution" (CR) that prevented a federal government shutdown does not include approval for this new program, however, and while it maintains federal services to the COFA states, it leaves holes in other parts of their budgets. "Both are countries that recognize Taiwan and are key components of U.S. defense architecture in the Pacific," she said. Paskal said Palau's funding under its existing COFA had dwindled as it approached its final year and it had been banking on funds from the new package to help cover budget deficits. The Washington embassies of Palau and the Marshall islands did not immediately respond to requests for comment.

Persons: David Brunnstrom WASHINGTON, Biden, Cleo Paskal, Paskal, Kaleb Udui, Marshall, Washington, David Brunnstrom, Don Durfee, Josie Kao Organizations: U.S, Congress, Marshall, Northern Pacific, Free Association, Washington, Foundation for Defense, Democracies, U.S . Congress, Palau's Finance, Howard, COFA, . State Department, State Department, Pacific, Forum Summit Locations: U.S, Micronesia, Palau, China, Northern, Marshall Islands, Taiwan, Beijing, Washington

REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 5 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Global currency volatility on Wednesday spiked to its highest since May, a day after U.S. Treasury market volatility also jumped to a five-month high. And although U.S. yields fell across the board, yield curve steepening continued as the 30-year yield pierced 5.00%. Japanese assets, meanwhile, will also be sensitive to possible Bank of Japan activity in the domestic government bond or currency markets on Thursday. An esoteric corner of Japanese markets - yen cross-currency basis - is at levels consistent with previous bouts of volatility.

Persons: Issei Kato, Jamie McGeever, Josie Kao Organizations: U.S, REUTERS, Treasury, of, Bank of Japan, FX, Japan's Nikkei, PMI, Thomson, Reuters Locations: Tokyo, Japan, South Korea, Philippines, Thailand, Taiwan, Singapore, U.S, of Japan, Bank, India, Australia

☆ Residents in rural Australia evacuate homes as floods follow fires
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, Oct 5 (Reuters) - Residents of towns in the Australian state of Victoria were on Thursday warned it was still unsafe to return home, as flash floods followed bushfires that also forced people to flee. People in several towns along the Macalister River in the southeastern state were told to evacuate late on Wednesday after waters rose to dangerously high levels. Rains eased on Thursday, though disaster management officials said large amounts of water still needed to be flushed through the river systems. "The good news is (there is) no more serious rain expected," he told state broadcaster ABC. Emergency warnings urging evacuated residents not to return remain in place for several towns in the area.

Persons: David Baker, Alasdair Pal, Josie Kao Organizations: SYDNEY, Authorities, Emergency Service, ABC, Thomson Locations: Australian, Victoria, Sydney

☆ Over 60 Jamaican school kids hospitalized after eating cannabis rainbow candy
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

A general view of the cannabis plants displayed at the annual Expo Cannabis in Montevideo, Uruguay, December 4, 2021. REUTERS/Mariana Greif/File Photo Acquire Licensing RightsOct 3 (Reuters) - More than 60 Jamaican primary school kids were hospitalized after eating potent rainbow-colored cannabis candy, the Caribbean country's education minister said on social media platform X, causing them to vomit and hallucinate. "One little boy said he only had one sweetie," Williams said, adding several of the school children had been given intravenous drips to speed up recovery. Radio Jamaica reported that the Ganja Growers and Producers Association of Jamaica was suggesting a public education program for responsible consumption by adults and to prevent consumption by children, as well as pushing for more packaging regulations. Reporting by Sarah Morland; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Mariana Greif, Fayval Williams, Williams, Sarah Morland, Josie Kao Organizations: Cannabis, REUTERS, Ocho Rios Primary School, Radio Jamaica, Ganja Growers, Producers Association of Jamaica, Thomson Locations: Montevideo, Uruguay, Caribbean, Jamaica, Ganja

REUTERS/Jonathan Ernst Acquire Licensing RightsOct 4 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Japanese yen? Japanese stocks had already slumped to a four-month low before the yen's sudden burst of strength. Purchasing managers index reports from Japan, Australia and South Korea will be released, and the Reserve Bank of New Zealand announces its latest interest rate decision on Wednesday. The RBNZ is widely seen holding its key interest rate at 5.50% - the highest in nearly 15 years - and keep it there at least until March before lowering it shortly after.

Persons: Kevin McCarthy, McCarthy's, Jonathan Ernst, Jamie McGeever, Bond, Bill Gross, Fed's Schmid, Bowman, Goolsbee, Josie Kao Organizations: U.S, Capitol, REUTERS, New York Fed, Nikkei, Reserve Bank of New Zealand, Thomson, Reuters Locations: Washington , U.S, Japan, Washington, Swiss, U.S, Asia, Australia, South Korea, Zealand, Korea

☆ El Salvador kicks off election campaigns as incumbent's bid faces criticism over constitutionality
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

El Salvador's President Nayib Bukele addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSAN SALVADOR, Oct 3 (Reuters) - El Salvador's political parties launched their campaigns for the upcoming presidential elections on Tuesday, amid vocal criticism from the opposition that President Nayib Bukele will seek re-election despite it being prohibited by the constitution. More than 6 million Salvadorans are set to hit the polls on Feb. 4 to elect a president and vice president, who govern for five-year terms. Bukele is heavily favored to win re-election in the Central American nation, whose constitution forbids consecutive terms. Reporting by Nelson Renteria; Writing by Kylie Madry; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Nayib Bukele, Eduardo Munoz, Francisco Gavidia, Felix Ulloa, Nelson Renteria, Kylie Madry, Josie Kao Organizations: El, General Assembly, REUTERS, SALVADOR, Central, Francisco Gavidia University's Citizen Studies Center, Reuters, Salvadoran, Thomson Locations: New York City, U.S, Central American

☆ US passenger railroad Amtrak high-speed Acela program facing new delays
▼ + stars: | 2023-10-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

An Amtrak Acela train arrives at New York's Penn Station, the nation's busiest train hub, in New York City, U.S., May 25, 2017. The Amtrak inspector general in a report on Tuesday said the program faces further delays because the new Amtrak trains have not met Federal Railroad Administration (FRA) requirements and all of the trainsets produced so far have defects. The report added the likeliest cause of more delays would be a lack of a validated trainset model, followed by certain trainset defects. Alstom said it is working with the FRA to meet requirements "through their first-ever safety certification for high-speed trains." Congress approved $66 billion for rail as part of the 2021 infrastructure bill, with Amtrak receiving $22 billion.

Persons: Mike Segar, David Shepardson, Mark Porter, Josie Kao Organizations: Amtrak, Station, REUTERS, Rights, Alstom, Federal Railroad Administration, FRA, Thomson Locations: New, New York City, U.S, Boston, Washington

In particular, lawmakers want assurances that the European Commission is not planning to shelve green measures that it promised but has not yet delivered - including restrictions on harmful chemicals, microplastics pollution and animal welfare. The shake-up in Europe's green leadership comes as climate policies face mounting pushback from politicians warning of the large investments required. Some EU officials are wary of pushing through new green measures before EU Parliament elections in June. Recent EU proposals - including a landmark law to restore nature - have faced resistance from some lawmakers and governments arguing Brussels is tangling industries in red tape. But Sefcovic and Hoekstra also need backing from green and left-leaning lawmakers demanding urgent action to tackle the CO2 emissions fuelling extreme weather across Europe, and reverse the decline of nature.

Persons: Wopke Hoekstra, de, Maros Sefcovic, Pascal Canfin, Sefcovic, Canfin, Hoekstra, Robert Fico, Kate Abnett, Bart Meijer, Christina Fincher, Josie Kao Organizations: Ministers, REUTERS, Rights, European Commission, EU, Thomson Locations: The Hague, Netherlands, Rights BRUSSELS, Dutch, Brussels, Europe, Slovak, Ukraine, Russian Slovak

BRUSSELS, Oct 3 (Reuters) - EU lawmakers on Tuesday voted for draft rules targeting Alphabet's Google (GOOGL.O), Meta Platforms (META.O) and other large online platforms' content moderation restrictions after some media outlets complained about arbitrary decisions removing their content. The draft rules require online platforms to carry news content for 24 hours before taking it down if this breaches their content moderation rules. Known as Article 17 of the Media Freedom Act the European Commission proposed last year to ensure media plurality and safeguard editorial independence, the clause has raised alarm bells among online platforms. Media should "be notified of the platform's intention to delete or restrict their content alongside a 24-hour window for the media to respond", lawmakers said in a statement. Lawmakers voted to ban using spyware against journalists unless it can be justified as a last resort measure and also require media to be transparent about their ownership.

Persons: CCIA, Mathilde Adjutor, Foo Yun Chee, Josie Kao Organizations: Google, Media, European Commission, Tech, European, Thomson Locations: BRUSSELS, Europe, Poland

☆ California minimum wage for fast food workers raised to $20 an hour
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 28 (Reuters) - Fast food workers in California will earn a minimum of $20 an hour starting in April under a new bill signed into law on Thursday by Governor Gavin Newsom. "The future happens here first," Newsom said at an event in Los Angeles, with labor officials and fast food workers flanking him. Labor unions, meanwhile, dropped their push to hold fast food corporations liable for violations committed by their franchisees. There are more than 550,000 fast food workers at 30,000 locations statewide, Newsom said. The overall minimum wage in California is $15.50 an hour, among the highest of any state.

Persons: Gavin Newsom, Mike Blake, Newsom, We're, Joseph Ax, Josie Kao Organizations: Milken, Global Conference, REUTERS, Labor, U.S, Bureau of Labor Statistics, Thomson Locations: State, California, Beverly Hills , California, U.S, Los Angeles

MEXICO CITY, Sept 28 (Reuters) - Mexican authorities should postpone planned flight cuts out of the capital airport until the summer 2024 season, which begins in March, an international group that represents major airlines said on Thursday. The government announced the flight cuts at the end of August, sparking an outcry from the aviation sector. The measure would limit flights per hour to 43, from 52 at the Mexico City International Airport to reduce airspace saturation and divert more traffic to the newer, state-run Felipe Angeles International Airport (AIFA). The cuts were originally set for November, but were postponed to January after protests from airlines. Since the cuts were announced, airlines Aeromexico and Viva Aerobus have said they will boost flights out of AIFA.

Persons: Felipe, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, David Alire Garcia, Sarah Morland, Josie Kao Organizations: MEXICO CITY, International Air Transport Association, Mexico City International, Felipe Angeles International Airport, Mexico City International Airport, Thomson Locations: MEXICO, AIFA

☆ Bolivia faces water shortage as winter heat wave drives drought
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +3 min

Bertha Apaza, a local resident, said the extreme heat was a clear sign of shifting climates that had now forced the city to ration water use. Bolivia has experienced some of the most extreme temperatures in August and September, which are usually temperate months. Many of those living in El Alto, a city of around one million people, come from farming communities raising livestock and planting vegetables to survive. Members of the scientific community warn the situation could become critical with the El Nino weather pattern set to arrive in December, potentially altering the forecast and turning up the temperature. El Nino can prompt extreme weather events from wildfires to cyclones and droughts in some areas and more rainfall in others.

Persons: Isabel Apaza, Gabriel Flores, Claudia Morales, LA, Bertha Apaza, Mancilla, Oscar Paz, El Nino, Monica Machicao, Santiago Limachi, Sergio Limachi, Daniel Ramos, Lucinda Elliott, Josie Kao Organizations: REUTERS, American, Southern, Authorities, El, Universidad Mayor de, Thomson Locations: Lake Titicaca, Huarina, Bolivia, LA PAZ, El Alto, Bolivian, La Paz, Neighboring Brazil, Paraguay, Peru, Australia, Universidad Mayor de San Andres

Sept 29 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Investors will not be able to switch off completely over the weekend, however, with the fast-evolving Evergrande saga making for gripping reading. On top of that, China's manufacturing and service sector purchasing managers index reports for September - official and unofficial - will be released on Sunday. The MSCI World stock index's rise on Thursday was its first in 10 days, snapping its longest losing streak since November 2011. Would a partial recovery in risk appetite and reversal of many of these trades at the start of the fourth quarter be a complete surprise?

Persons: Jamie McGeever, Josie Kao 私, 「 Organizations: Investors, Treasury, International Monetary Fund, Japan Tokyo, 「 Reuters Locations: Asia, Japan, Tokyo, Hong Kong, eyeing, China, U.S, Australia

☆ Man shot at protest over New Mexico conquistador statue
▼ + stars: | 2023-09-28 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

New Mexico resident Ryan Martinez, 23, was taken into custody as the suspected shooter after leaving the event in a car, said Rio Arriba County sheriff's office Major Lorenzo Aguilar. A Hopi Native American man from Seattle, Washington, was shot, according to Peixinho. The county halted the reinstallation of 16th-century Spanish conquistador Juan de Onate's statue planned for Thursday after protests over the return of the bronze figure, removed three years ago during nationwide anti-racism demonstrations. The Santa Fe New Mexican showed a picture of a man at the protest it identified as Martinez wearing a red MAGA hat. Onate is known for the 1599 massacre of a pueblo tribe, leading a group of Spanish settlers into what is now New Mexico.

Persons: Juan de Onate, Mateo Peixinho, Ryan Martinez, Major Lorenzo Aguilar, Christina Castro, Juan de Onate's, Peixinho, Martinez, Onate, Andrew Hay, Josie Kao, Lincoln Organizations: University of New, Santa Fe, Red Nation, Thomson Locations: Spanish, Rio Arriba County, Espanola , New Mexico, U.S, New Mexico, Espanola, Seattle , Washington, University of New Mexico, Albuquerque, Santa, Mexican

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 27 (Reuters) - Micron Technology (MU.O) forecast first-quarter revenue above Wall Street estimates on Wednesday, powered by demand for its memory chips from the rapidly growing artificial intelligence sector. But the Idaho-based chipmaker forecast a wider than expected first-quarter loss as it prepares to ramp up production of new product lines. Micron said Wednesday that it expects to start production of lucrative high-bandwidth memory, which is used in many AI chips, next year. Micron expects adjusted revenue of $4.40 billion, plus or minus $200 million, for the current quarter, compared with estimates of $4.20 billion, according to LSEG data. Revenue for the fourth quarter stood at $4.01 billion, compared with estimates of $3.91 billion.

Persons: Dado Ruvic, Sanjay Mehrotra, Samrhitha, Shounak Dasgupta, Josie Kao Organizations: REUTERS, Micron Technology, SK Hynix, Micron, Revenue, Thomson Locations: Idaho, China, Bengaluru

☆ Biden raises money at Tom Steyer home in San Francisco
▼ + stars: | 2023-09-27 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +1 min

Democratic U.S. presidential candidate Tom Steyer speaks with fellow Democratic U.S. presidential candidate and former U.S. Vice President Joe Biden during the Martin Luther King Jr. (MLK) Day parade in Columbia, South Carolina, U.S. January 20, 2020. REUTERS/Sam Wolfe/File Photo Acquire Licensing RightsSAN FRANCISCO, Sept 27 (Reuters) - President Joe Biden raised money for his re-election campaign on Wednesday at the San Francisco home of billionaire climate activist Tom Steyer as part of an end-of-the-quarter push to bolster his 2024 chances. Biden later was to attend a second fundraising event in San Francisco hosted by a co-founder of Facebook, Andrew McCollum. He spoke at a fundraiser in Atherton, California, on Tuesday hosted by hosted by Liz Simons and Mark Heising. A month ago Biden spent a week of vacation at a vacation home owned by Steyer on the Nevada side of Lake Tahoe.

Persons: Tom Steyer, Joe Biden, Martin Luther King Jr, Sam Wolfe, Biden, Andrew McCollum, McCollum, Liz Simons, Mark Heising, Jeff Mason, Steve Holland, Josie Kao Organizations: Democratic U.S, U.S, REUTERS, FRANCISCO, San, Facebook, Washington, Steyer, Thomson Locations: Columbia , South Carolina, U.S, San Francisco, Atherton , California, Phoenix, Nevada, Lake Tahoe

Screens showing the Hang Seng stock index and stock prices are seen outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsSept 28 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Sometimes markets get up a head of steam and it becomes very difficult to slow the momentum, far less reverse it. Asian stocks barely clawed back any of the previous days' losses either, and world stocks racked up a ninth straight decline. These moves are unlikely to provide a springboard for Asian markets on Thursday, and beyond Australian retail sales there is nothing on the economic or policy calendar likely to do so either.

Persons: Tyrone Siu, Jamie McGeever, Jerome Powell, Josie Kao Organizations: REUTERS, Treasury, Bloomberg, Thomson, Reuters Locations: Exchange, Hong Kong, China, Japan, China's, Australia, Germany, prelim

☆ Legal fog over central bank digital currencies "unacceptable", BIS warns
▼ + stars: | 2023-09-27 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

Agustin Carstens leaves after G-20 finance ministers and central banks governors family photo during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. His warning comes as central banks around the world push ahead with central bank digital currency (CBDC) development in a bid to make money more high tech and keep up with the features now offered by cryptocurrencies. Some 11 countries have already launched them and next month the European Central Bank is expected to receive the green light to start work on a digital euro. Carstens, whose organisation is overseeing much of the global test work, said central banks have a mandate to meet public demands and have also made significant investments into CBDCs. "It is simply unacceptable that unclear or outdated legal frameworks could hinder their deployment," added Carstens, the former governor of the Mexico's central bank.

Persons: Agustin Carstens, Yuri Gripas, Marc Jones, Josie Kao Organizations: IMF, Bank, REUTERS, Bank for International, BIS, cryptocurrencies, European Central Bank, Thomson Locations: Washington , U.S

☆ Nike Air Jordans are losing resale value. Is sneaker culture moving on?
▼ + stars: | 2023-09-27 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

The famous Nike swoosh and Air Jordan logo is seen on an Air Jordan 1, called "Notorious" released from 1984-1985, during a preview for "The Rise of the Sneaker Culture" exhibit at the Brooklyn Museum in the Brooklyn borough of New York, July 8, 2015. Some investors are concerned the Jordan brand, a major source of sales for Nike, may be "losing steam," Bernstein analysts said on Sunday. The company does not report what percent of its total revenues come from the Jordan brand. Sales of performance shoes from Nike's Jordan brand have also outpaced retro styles, which include Air Jordan 1 high-tops, Donahoe said in June. Donahoe told investors in June that the company had "reset" its running business, highlighting updates to existing styles including its Infinity road running shoes and Pegasus trail running shoes.

Persons: Brendan McDermid, Altan, Jordan, Bernstein, John Donahoe, Salomon, Donahoe, Altan's, Dylan Dittrich, Jessica Ramirez, Jane Hali, Katherine Masters, Deborah Sophia, Josie Kao, Shweta Agarwal Organizations: Nike, Air, Brooklyn Museum, REUTERS, Altan Insights, Nike's Air, Air Jordan, Reuters Graphics, Barclays, Associates, Thomson Locations: Air Jordan, Brooklyn, New York, North America, Jordan, American, U.S, Bengaluru

[1/4] The 9th Session of the 14th Supreme People's Assembly of the Democratic People's Republic of Korea is held at the Mansudae Assembly Hall, in Pyongyang, North Korea, in this picture obtained by Reuters on September 28, 2023. KCNA via REUTERS Acquire Licensing RightsSEOUL, Sept 28 (Reuters) - North Korea has adopted a constitutional amendment to enshrine its policy on nuclear force, state media reported on Thursday, as the country's leader pledged to accelerate production of nuclear weapons to deter what he called U.S. provocations. "The DPRK's nuclear force-building policy has been made permanent as the basic law of the state, which no one is allowed to flout with anything," North Korean leader Kim Jong Un said, addressing the parliament. The amendment comes a year after North Korea officially enshrined in law the right to use preemptive nuclear strikes to protect itself, a move Kim had said would make its nuclear status "irreversible". The announcement by parliament also comes after North Korean state media said on Wednesday Pyongyang had decided to expel Private Travis King, the U.S. soldier who ran into North Korea in July.

Persons: KCNA, Kim Jong Un, Kim, Vladimir Putin, Yang Moo, Yoon Suk Yeol, Travis King, Soo, hyang Choi, Hyonhee, Ed Davies, Josie Kao, Lincoln Organizations: Supreme People's Assembly, Democratic People's, Reuters, KCNA, REUTERS Acquire, Rights, Supreme, Assembly, North, U.S, NATO, Moscow, Analysts, University of North Korean Studies, South, Wednesday Pyongyang, Thomson Locations: Democratic People's Republic, Korea, Mansudae, Pyongyang, North Korea, Rights SEOUL, DPRK, Democratic People's Republic of Korea, U.S, United States, South Korea, Japan, Russia, Ukraine, Moscow, Northeast Asia, Seoul, North Korean, China

A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. The testimony came during the third week of a more than two-month trial in which the U.S. Justice Department is seeking to show that Alphabet's Google (GOOGL.O) abused its monopoly of search and some search advertising. Alexander Austin, a former chief executive of Branch Metrics, said in meetings with Samsung, the Android phone maker was worried Branch's tools would cause conflict with Google. Specifically, Branch had to make sure that its searches remained within apps and never linked to the web. The government also called Anna Kartasheva, a Google executive, to ask her about emails that appeared to show Google was concerned about the presence of Branch Metrics software on smartphones.

Persons: Eric Gaillard, Alexander Austin, Austin, Branch, Anna Kartasheva, Diane Bartz, Josie Kao Organizations: REUTERS, Rights, Branch, U.S . Justice Department, Google, Samsung, Thomson

☆ North Korea parliament amends constitution to enshrine nuclear policy
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

[1/4] The 9th Session of the 14th Supreme People's Assembly of the Democratic People's Republic of Korea is held at the Mansudae Assembly Hall, in Pyongyang, North Korea, in this picture obtained by Reuters on September 28, 2023. KCNA via REUTERS Acquire Licensing RightsSEOUL, Sept 28 (Reuters) - North Korea has adopted a constitutional amendment to enshrine its policy on nuclear force, state media reported on Thursday, as the country's leader pledged to accelerate production of nuclear weapons to deter what he called U.S. Addressing the parliament, North Korean leader Kim Jong Un said it was important to "accelerate the modernization of nuclear weapons in order to hold the definite edge of strategic deterrence," KCNA reported. The amendment comes a year after North Korea officially enshrined in law the right to use preemptive nuclear strikes to protect itself. The announcement by parliament also comes after North Korean state media said on Wednesday Pyongyang had decided to expel Private Travis King, the U.S. soldier who ran into North Korea in July.

Persons: KCNA, Kim Jong Un, Kim, Vladimir Putin, Yoon Suk Yeol, Travis King, Soo, hyang Choi, Hyonhee, Ed Davies, Josie Kao Organizations: Supreme People's Assembly, Democratic People's, Reuters, KCNA, REUTERS Acquire, Rights, Supreme, Assembly, North, U.S, NATO, Moscow, South, Wednesday Pyongyang, Thomson Locations: Democratic People's Republic, Korea, Mansudae, Pyongyang, North Korea, Rights SEOUL, Democratic People's Republic of Korea, South Korea, Japan, Russia, Ukraine, Seoul, North Korean, U.S, China

Here is a list of attempts by regulators to split up big companies:Standard Oil (1911)- Regulators alleged John Rockefeller's Standard Oil held the monopoly in the oil business by using aggressive pricing to eliminate competition. Standard Oil was broken up into 34 companies. Aluminum Company of America (Alcoa) (1945)- The Justice Department charged Alcoa (AA.N) with illegally monopolizing the aluminum market and demanded the company be dissolved. Paramount Pictures (1948) - The U.S. Supreme Court ruled in a landmark antitrust case, also known as "Paramount case" or the "Hollywood antitrust case," that film studios could not legally own their own theaters, hitting the vertical integration of companies. AT&T (1984) - In 1974, the U.S. government filed an antitrust lawsuit against AT&T (T.N) because it had a monopoly on telephone lines.

Persons: Andrew Kelly, Big, John Rockefeller's, District Judge, Jaspreet Singh, Zaheer Kachwala, Sriraj Kalluvila, Josie Kao Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Amazon.com, Standard Oil, Big Tech, Google, Facebook, Standard, Oil, ExxonMobil, Chevron, Aluminum Company of America, Alcoa, Justice Department, Reynolds, Paramount Pictures, U.S, Supreme, Paramount, IBM, AT, Microsoft, District, Meta, FTC, Thomson Locations: Washington ,, U.S, Bengaluru

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