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☆ Escaped Pennsylvania murderer changes appearance to elude capture
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

The escape of inmate Danelo Cavalcante from a prison in West Chester, Pennsylvania, U.S. is seen in a screen grab from a video released September 6, 2023. The images showed Danelo Cavalcante, 34, clean shaven and wearing a hooded sweatshirt, black baseball cap, green prison pants and white shoes, police said. Police said Cavalcante was seen near the town of Phoenixville, about 30 miles northwest of Philadelphia, on Saturday night. He escaped on Aug. 31 from Chester County Prison in the same region where he was awaiting transfer to a state prison to serve a life sentence for killing his ex-girlfriend. Last week school districts in the area canceled classes for a day after one such sighting, officials said.

Persons: Danelo Cavalcante, Cavalcante, Maria Caspani, Cynthia Osterman Organizations: Chester, Facebook, REUTERS, Police, Pennsylvania State Police, Ford, U.S, Marshals, Thomson Locations: West Chester , Pennsylvania, U.S, Chester County, Phoenixville, Philadelphia, Chester, Brazilian, Brazil

☆ Late Bardhi goal earns North Macedonia 1-1 draw with Italy
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

SKOPJE, North Macedonia, Sept 9 (Reuters) - North Macedonia captain Enis Bardhi's stunning free kick cancelled out Ciro Immobile's header to earn a 1-1 home draw against Italy in their Euro 2024 Group C qualifier on Saturday, spoiling Luciano Spalletti's debut as the Azzurri coach. Italy remain third in the group level on four points with fourth-placed North Macedonia although the Italians have only played three games to their opponents' four. Italy midfielder Sandro Tonali hit the post with a low shot shortly after and Bryan Cristante was denied by goalkeeper Stole Dimitrievski from close range. But Bardhi did finally conjure up a late equaliser to give his side a boost before they visit bottom side Malta on Tuesday. (This story has been refiled to make clear the reference is to Spalletti's debut in paragraph 9)Reporting by Anita Kobylinska in Gdansk; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Enis Bardhi's, Ciro Immobile's, Luciano Spalletti's, Nicolo Barella, Bardhi, Spalletti, Roberto Mancini, Barella, Bojan Miovski, Sandro Tonali, Bryan Cristante, Dimitrievski, Anita Kobylinska, Ken Ferris Organizations: Italy, England, Ukraine, San, Malta, Thomson Locations: SKOPJE, North Macedonia, Italy, Saudi Arabia, Macedonia, Ukraine, San Siro, Gdansk

☆ Transgender film looks to win hearts and minds in conservative Poland
▼ + stars: | 2023-09-08 | by ( Gosia Wojtunik | ) www.reuters.com time to read: +3 min

[1/2] The 80th Venice Film Festival - Premiere for the film "Kobieta Z..." (Woman Of) in competition - Red Carpet - Venice, Italy, September 8, 2023 - Directors Malgorzata Szumowska and Michal Englert pose with Agnieszka Holland, director of "Zielona Granica" (Green Border). REUTERS/Guglielmo Mangiapane Acquire Licensing RightsVENICE, Sept 8 (Reuters) - The makers of "Woman Of", which follows a man transitioning to a woman in socially conservative Poland, hope their film will help ease deep-rooted prejudices in the Roman Catholic nation. Critics have accused the party of fanning anti-LGBTQ sentiment, but Szumowska said she wanted "Woman Of" to change the debate around transgender issues. What we've been trying to do, we've been trying to unite," Szumowska told Reuters TV. "Woman Of" is one of 23 films competing for Venice's Golden Lion award which will be announced on Saturday.

Persons: Malgorzata Szumowska, Michal Englert, Agnieszka Holland, Guglielmo Mangiapane, Szumowska, we've, We've, Jaroslaw Kaczynski, Malgorzata Hajewska, Alan Charlish, Crispian Balmer, Tomasz Janowski Organizations: REUTERS, Roman Catholic, Law and Justice, Reuters, Venice's, Thomson Locations: Venice, Italy, Zielona, Poland, Roman

☆ Europe's space agency welcomes UK deal with EU on satellites
▼ + stars: | 2023-09-08 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

The logo of the European Space Agency (ESA) is seen during the ESA Council at Ministerial level (CM22) at the Grand Palais Ephemere in Paris, France, November 23, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsPARIS, Sept 8 (Reuters) - The European Space Agency on Friday welcomed a deal for Britain to resume full membership of Europe's Copernicus programme, easing doubts over the next batch of climate-tracking satellites and the completion of development work by European space firms. Copernicus is a set of six families of Sentinel satellites designed to read the planet's "vital signs" including carbon dioxide. But following Thursday's agreement, Director General Josef Aschbacher said the deal would allow UK scientists and industry to benefit fully from one of Europe's leading space programmes. The agreement is a boost for satellite manufacturers including Europe's Airbus (AIR.PA), France' Thales (TCFP.PA) and Germany's OHB (OHBG.DE) that had been awarded contracts to build the new set of satellites subject in part to an EU funding deal.

Persons: Benoit Tessier, Europe's Copernicus, Copernicus, Josef Aschbacher, Aschbacher, Germany's, Safran, Tim Hepher, David Evans Organizations: European Space Agency, ESA, Palais Ephemere, REUTERS, Rights, Sentinel, Reuters, Airbus, Thales, Thomson Locations: Paris, France, Britain

☆ Nanjing scraps home-buying curbs in China's latest property boost
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

China's authorities in recent weeks have rolled out a series of measures, such as easing borrowing rules, to support the debt-riddled property sector, which accounts for one-quarter of China's economic activity, but analysts say the steps are unlikely to reverse the slide. China's property sector has been on a downward spiral since 2021, when the government took steps to stop developers from accumulating debt. Nanjing's move indicates property easing will continue, playing an important role in stimulating home-buying and changing expectations in the sector, Yan said. Many smaller locales have eased home-purchase curbs over the past two years, but major cities - traditional targets of speculative buying - had held off. Nanjing also cut the maximum down payments for first home purchases to 20% from 30% for commercial mortgages, state broadcaster CCTV said on Thursday, compared to 30% to 35% in most major cities.

Persons: Tingshu Wang, Yan Yuejin, Yan, Liangping Gao, Ryan Woo, William Mallard Organizations: REUTERS, Garden Holdings, Reuters, China Research, Development Institution, Thomson Locations: Tianjin, China, BEIJING, Nanjing, Beijing, Shanghai, Shenzhen

☆ Creator merchandise company Spring has been hit with 7 lawsuits this year
▼ + stars: | 2023-09-08 | by ( Sydney Bradley | Amanda Perelli | ) www.businessinsider.com time to read: +6 min

Merch company Spring has been hit with numerous lawsuits this year. The creator merchandise company Spring has been hit with a slew of lawsuits this year following the sale of its assets, in late 2022, to the software company Amaze. Spring, as a company, still exists but has been effectively defunct since the asset sale. That hasn't stopped the lawsuits against Spring (formerly known as Teespring) from piling up, however. Since January, Spring has been sued by several vendors and business partners, with global shipping company DHL being the latest to sue the company.

Persons: Amaze, Ty Huls, Huls, Spring, et, Broder Bros, It's, Evan Stites, Clayton, Chris Lamontagne, Annelies Jansen, OpenAI's Sam Altman, Jansen, What's, Michael Curtiss Organizations: DHL, Spring, Washington State Department of Revenue, DHL Ecommerce, Inc, Teespring Inc, Trade Credit Insurance Inc, Al, Former Spring, Amaze, Amaze Holding, Amaze Software Inc, Software Locations: Amaze, Teespring, Spring, WilliamsMarston

☆ Elon Musk borrowed $1 bln from SpaceX in same month of Twitter deal - WSJ
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

SpaceX approved the $1 billion loan, which was backed by some of Musk's SpaceX stock, in October and Musk drew all of it down the same month, according to the report, citing documents. SpaceX had $4.7 billion in cash and securities on hand at the end of last year, the paper said, citing documents. Both SpaceX and X did not immediately respond to a Reuters request for comment. Elon Musk sold a massive chunk of his Tesla shares in 2022, both before and after the Twitter deal, bringing his total sales to about $40 billion which frustrated investors in the EV maker. In addition to Tesla and X, Musk is a co-founder of brain-chip startup Neuralink.

Persons: Porte, Gonzalo Fuentes, Elon Musk, Musk, Tesla, Nilutpal Timsina, Mrinmay Dey, Sherry Jacob, Phillips, Eileen Soreng Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Twitter, Wall Street, Federal Communications Commission, Thomson Locations: Paris, France, Bengaluru

☆ Asia stocks fall as global growth concerns mount
▼ + stars: | 2023-09-06 | by ( Kane Wu | ) www.reuters.com time to read: +2 min

REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsHONG KONG, Sept 6 (Reuters) - Asia stocks fell on Wednesday after weak economic data in China and Europe heightened concerns over global growth, while the dollar firmed as investors weighed the outlook for U.S. interest rates. MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was down 0.5% at 0143GMT. The Hang Seng Index (.HSI) and China's benchmark CSI300 Index (.CSI300) both opened down about 0.3%. Shares in Europe and the U.S. fell on Tuesday over concerns about weak global growth. (This story has been refiled to correct the Reuters Instrument Code of the Hang Seng Index in paragraph 4)Reporting by Kane Wu; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Australia's, Redmond Wong, Christopher Waller, John Milroy, Ord, Brent, Kane Wu, Edmund Klamann Organizations: REUTERS, Saxo Markets, U.S, Reuters, Thomson Locations: Tokyo, Japan, HONG KONG, Asia, China, Europe, Asia Pacific, 0143GMT, Germany, Britain, Greater China, U.S, Ord Minnett .

☆ Japan PM speaks to China's Li about radioactive water release
▼ + stars: | 2023-09-06 | by ( Sakura Murakami | ) www.reuters.com time to read: +2 min

Japan's Prime Minister Fumio Kishida speaks during the leaders talk of the ASEAN-Indo Pacific Forum (AIPF) in Jakarta, Indonesia September 6, 2023. Japan started releasing the water from the wrecked plant into the ocean last month, drawing strong criticism from China. "During the chat, I explained Japan's position on the treated water to Premier Li," Kishida said. It was also the first high-level talk between the two countries since the release of the water from the Fukushima plant. The water is treated to remove most radioactive elements except for tritium, a radionuclide difficult to separate from water, and then diluted to internationally accepted levels before being released into the ocean.

Persons: Fumio Kishida, Adek Berry, Li Qiang, Kishida, Li, Premier Li, Sakura Murakami, Rocky Swift, Tomasz Janowski, Nick Macfie Organizations: Japan's, ASEAN, Pacific, Rights, Association of Southeast Asian Nations, Thomson Locations: Jakarta, Indonesia, Japan, China, Premier, Tokyo, Beijing

☆ South Korea's Yoon says any military cooperation with North Korea must stop
▼ + stars: | 2023-09-06 | by ( Jack Kim | ) www.reuters.com time to read: +3 min

South Korean President Yoon Suk-yeol, center, arrives to the ASEAN-South Korea Summit at the Association of the Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, September 6, 2023. Tatan Syuflana/Pool via REUTERS Acquire Licensing RightsSEOUL, Sept 6 (Reuters) - South Korean President Yoon Suk Yeol said on Wednesday any attempt to cooperate with North Korea on military affairs in a way that damages international peace must immediately halt. "Attempt at military cooperation with North Korea that harms international peace must immediately halt," Yoon's office quoted him as saying at a meeting with the leaders of ASEAN countries. North Korea and Russia have denied they were in arms negotiations. Before the pandemic, China hosted the largest number of North Korean workers abroad, with as many as half of the estimated 100,000 people earning more than $500 million a year.

Persons: Yoon Suk, Tatan, Yoon Suk Yeol, Yoon, Kim Jong Un, Vladimir Putin, Kim, Sergei Shoigu, Fumio Kishida, Li Qiang, Jack Kim, Soo, hyang Choi, Muralikumar Anantharaman, Christopher Cushing Organizations: South, ASEAN, South Korea Summit, Association of, Southeast Asian Nations, REUTERS Acquire, Rights, New York Times, Japanese, Security, Thomson Locations: Jakarta, Indonesia, Rights SEOUL, North Korea, Russia, Vladivostok, Moscow, Ukraine, South Korea, China, Korean, Seoul

☆ Mexico's Supreme Court upholds abortion rights nationwide, paving way for federal access
▼ + stars: | 2023-09-06 | by ( Gabriella Borter | Thomson Reuters | Gabriella Borter Is A Reporter On The U.S. National Affairs Team | ) www.reuters.com time to read: +2 min

Wednesday's ruling will increase abortion access throughout Mexico, marking a major victory for abortion rights advocates in the predominantly Roman Catholic country. In the United States, meanwhile, the Supreme Court struck down the national right to an abortion in 2022 and nearly half of the 50 states have restricted access dramatically. The court sided with GIRE in a challenge to the federal penal code and declared that the section of the national law that criminalized abortion could no longer take effect. The ruling opens the door for the federal healthcare system to start providing abortions, which could become increasingly important as Mexico mulls centralizing healthcare services, abortion rights advocates say. Aguascalientes became the 12th Mexican state to decriminalize abortion last month when the Supreme Court sided with GIRE in a similar challenge to that state's penal code.

Persons: Henry Romero, Wednesday's, It's, Isabel Fulda, Gabriella Borter, Aurora Ellis, Jonathan Oatis Organizations: Supreme, REUTERS, Catholic, Twitter, Thomson Locations: Mexico City, Mexico, MEXICO, Mexico's, Coahuila, America, United States, Aguascalientes, Mexican

☆ Elon Musk borrowed $1 billion from SpaceX in same month of Twitter deal, Wall Street Journal reports
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

Sept 5 (Reuters) - Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday. SpaceX approved the $1 billion loan, which was backed by some of Musk's SpaceX stock, in October and Musk drew all of it down the same month, according to the report, citing documents. SpaceX had $4.7 billion in cash and securities on hand at the end of last year, the paper said, citing documents. REUTERS/Gonzalo Fuentes Acquire Licensing RightsBoth SpaceX and X did not immediately respond to a Reuters request for comment. In addition to Tesla and X, Musk is a co-founder of brain-chip startup Neuralink.

Persons: Elon Musk, Musk, Tesla, Porte, Gonzalo Fuentes, Nilutpal Timsina, Mrinmay Dey, Sherry Jacob, Phillips, Eileen Soreng Organizations: SpaceX, Twitter, Wall Street, Federal Communications Commission, Tesla, Viva Technology, Porte de, REUTERS, Thomson Locations: Paris, France, Bengaluru

☆ Latest Messi tribute in Argentina recycles the joy from icon's big win
▼ + stars: | 2023-09-06 | by ( Juan Bustamante | ) www.reuters.com time to read: +2 min

GRAND BOURG, Argentina, Sept 5 (Reuters) - High school students in Argentina pieced together a massive mural of soccer superstar Lionel Messi out of thousands of recycled plastic bottle caps, with a video of the work of art shared widely online. But love for Messi seems to loom even larger. The new mural fills the floor of an open-air high school courtyard in the Grand Bourg neighbourhood, just outside the capital Buenos Aires. Sebastian Ramirez, a teacher at the school, posted a video clip on social media that went viral summing up a widely-held assessment of Messi's legacy. Video of the mural's making showed dozens of children hunched over a colour-coded design and boxes of bottle caps scattered around.

Persons: Lionel Messi, Messi, Sebastian Ramirez, Javier Milei, Pope Francis, Juan Bustamente, David Alire Garcia, Peter Rutherford Organizations: Thomson Locations: BOURG, Argentina, Argentine, Grand Bourg, Buenos Aires, Qatar, American

☆ LSEG explores blockchain for cross-asset digital 'ecosystem'
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/file photo Acquire Licensing RightsSept 4 (Reuters) - London Stock Exchange Group (LSEG.L) is looking into using blockchain to build what it described on Monday as "an end-to-end digital market ecosystem to raise and transfer capital across asset classes". Blockchain, best known as the technology underpinning cryptocurrencies such as bitcoin and other crypto assets, is a digital ledger which records and verifies transactions. LSEG's move comes as a number of mainstream financial institutions are talking about the potential for blockchain to streamline the process of issuing and trading financial assets. "The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent .

Persons: Toby Melville, Murray Roos, Roos, LSEG, Akanksha, Radhika Anilkumar, Savio D'Souza, Rashmi Aich, Alexander Smith Organizations: London Stock Exchange, REUTERS, Financial Times, Reuters, Treasury, Thomson Reuters, Thomson Locations: Canary Wharf, London, Britain, LSEG, Bengaluru

☆ Hun Sen's son aims to make Cambodia high-income country by 2050
▼ + stars: | 2023-09-04 | by ( Kate Lamb | ) www.reuters.com time to read: +2 min

Cambodia’s Prime Minister Hun Manet attends an event to meet with garment workers on his first public appearance since taking office, on the outskirts of Phnom Penh, Cambodia, August 29, 2023. The 45-year-old last month took over power from his father Hun Sen after a lopsided general election that all opposition parties were barred from contesting. In a country once riven by decades of war, Cambodia has now evolved to a lower-middle income nation with economic growth rates of 7%, he said. Cambodia's parliament approved Hun Manet as prime minister in August. Hun Sen, one of the world's longest ruling leaders, has said he expects his son to continue his leadership style and will himself remain in politics.

Persons: Hun Manet, Cindy Liu, Monday, Hun Sen, Kate Lamb, Kanupriya Kapoor, Nick Macfie Organizations: Cambodia’s, REUTERS, Rights, Cambodian, Association of Southeast Asian Nations, ASEAN, United Nations, Thomson Locations: Phnom Penh, Cambodia, Rights JAKARTA, Cambodia's

That has led to a rare situation in Canada where banks are seeing mortgage amortizations getting extended beyond 30 years, sparking calls from regulators to take immediate action to mitigate risks. For the other four banks, mortgages amortizing under 25 years account for a half to nearly three quarters. Scotiabank's Canada head Dan Rees said the bank was now being more "disciplined with regards to customer selection" for new mortgages. Still, the risks remain elevated as consumers are struggling to make monthly payments due to the rising cost of living. TD Bank's Canada personal banking head Michael Rhodes told analysts this week that "a meaningful number of customers" are making the changes.

Persons: Mark Blinch, Hratch Panossian, Dan Rees, Brian Madden, Michael Rhodes, Dave McKay, Nivedita Balu, Denny Thomas, Stephen Coates Organizations: REUTERS, Rights, Canada's, Reuters, CIBC, Bank of Nova, Investment, Thomson Locations: Toronto, Milton , Ontario, Canada, Bank of Nova Scotia

Reviving Thailand's economy will be one of the biggest tasks for political newcomer Srettha, who became prime minister last month following prolonged uncertainty after a May election. On the day of the vote, Pheu Thai figurehead Thaksin Shinawatra returned to Thailand in a dramatic homecoming after living abroad for 15 years in self-exile to avoid an 8-year prison sentence. Srettha's rapid ascent to power, Thaksin's smooth return and a coalition between Pheu Thai and former rivals fuelled speculation about an agreement between Thaksin and his foes among the country's powerful conservative and royalist army. Thaksin and the Pheu Thai party say that is not the case. The Pheu Thai will control key economic ministries, which will be crucial in implementing its policies, including a 10,000 baht ($285.63)handout in the form of digital currency.

Persons: Pheu, Thailand's, Athit, Srettha Thavisin, Srettha, King Maha Vajiralongkorn, Thaksin Shinawatra, Thaksin, Bhumjaithai, Chayut Setboonsarng, Miral Fahmy, Gerry Doyle Organizations: REUTERS, Rights, Pheu, Conservative, Thomson Locations: Bangkok, Thailand, Rights BANGKOK

☆ Wild horses prosper on Serbia's Mt. Stolovi
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

[1/5] Slavljub Nikolic is seen with a wild horse on the mountain Stolovi in Serbia, August 31, 2023. REUTERS/Zorana Jevtic Acquire Licensing RightsSTOLOVI, Serbia, Sept 1 (Reuters) - A herd of about 40 mares, stallions and foals graze lazily on dry grass over the rugged Stolovi mountain in Serbia's southwest, one out of three such bands of wild horses in the Balkan country. The horses, mainly from the sturdy Bosnian Mountain Horse breed used as pack animals and in agriculture, were brought to Mt. Away from humans, the animals gradually became feral, reverting to behaviour more closely resembling that of wild horses, 73-year-old farmer Slavoljub Nikolic said on Thursday. The Stolovi herd is the second biggest in Serbia.

Persons: Slavljub Nikolic, Zorana, Slavoljub Nikolic, " Nikolic, Nikolic, Aleksandar Vasovic, Louise Heavens Organizations: REUTERS, Thomson Locations: Serbia, Serbia's, Balkan, Mt, Stolovi, Suva Planina

☆ Rapidly aging South Korea prepares to open door for foreign maids
▼ + stars: | 2023-09-01 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

A man and children wearing masks to protect against contracting the coronavirus disease (COVID-19) take a walk at a Han River Park in Seoul, South Korea April 4, 2020. The issue sits at the confluence of South Korea's sharply declining birthrate, aging population, and its historical reluctance to accept more immigrants. South Korea is in talks with the Philippines as one of the potential sources of workers with an aim to start the pilot programme as early as December, officials said. The new scheme is the latest in a series of efforts by the government to reverse the plunging birth rate of Asia's fourth-largest economy. "There is no one-size-fits-all solution to low birth rate," Oh said.

Persons: Heo, hoon, 1,322.1800, Soo, hyang Choi, Simon Cameron, Moore Organizations: REUTERS, Rights, Organisation for Economic Co, Development, OECD, Thomson Locations: Seoul, South Korea, Rights SEOUL, South, Philippines, Koreans

☆ Dell raises full-year forecasts on AI strength, demand recovery
▼ + stars: | 2023-08-31 | by ( Zaheer Kachwala | ) www.reuters.com time to read: +2 min

The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid Acquire Licensing RightsAug 31 (Reuters) - Dell Technologies (DELL.N) raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. "AI is already showing it's a long-term tailwind, with continued demand growth across our portfolio," Chief Operating Officer Jeff Clarke said. The company forecast third-quarter revenue between $22.5 billion and $23.5 billion beating analysts' estimates of $21.67 billion, according to Refinitiv data. Dell reported second quarter revenue and EPS above analyst estimates.

Persons: Brendan McDermid, Jeff Clarke, Dell, Mikako Kitagawa, Zaheer Kachwala, Shailesh Organizations: Dell Technologies Inc, New York Stock Exchange, REUTERS, Dell Technologies, Cisco, Nvidia, Big Tech, Dell, Revenue, Gartner, HP Inc, Thomson Locations: New York, U.S, , Texas, China, Bengaluru

WASHINGTON, Aug 31 (Reuters) - Residents of Florida were largely spared a devastating blow from Hurricane Idalia this week, and Florida Governor Ron DeSantis also appeared to avoid the political peril that could have hurt his campaign for the 2024 Republican presidential nomination. DeSantis faced a similar test this week when he suspended his campaign to oversee his state's response to Hurricane Idalia. "The real work comes post-storm, and seeing what the damage is and how he reacts," Christian Ziegler, the head of the Florida Republican Party, told Reuters. In the lead-up to the storm, DeSantis held several press conferences per day, always flanked by a bevy of emergency response officials. On the other side, Republican Florida Governor Rick Scott touted his response to 2017's Hurricane Irma in a successful bid for U.S. Senate the following year.

Persons: Ron DeSantis, DeSantis, Hurricane Ian, Ian, Idalia, Donald Trump, Christian Ziegler, Joe Biden, Chip Roy, Ford O'Connell, Rick Scott, Irma, Barack Obama's, Sandy, Jeffrey Rumlin, Katrina, Gram Slattery, Ross Colvin, Andy Sullivan Organizations: Republican, Florida Republican Party, Reuters, Governors, Florida Republican, U.S, Senate, Thomson Locations: Florida, Idalia, New Orleans, Republican Florida, Jacksonville

☆ Shares in Swiss bank UBS hit highest since late 2008
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

The logo of Swiss bank UBS is seen at an office building in Zurich, Switzerland February 28, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMILAN, Aug 31 (Reuters) - Shares in UBS (UBSG.S) hit their highest level since October 2008 on Thursday, extending a strong run that has put the Swiss bank well ahead of its European rivals following the takeover in March of its struggling rival Credit Suisse. UBS rallied more than 6% early in Zurich, set for its biggest one-day gain since March, after the group said it would fully absorb Credit Suisse's domestic bank and that it was increasing its ambitions for cost savings to over $10 billion. The stock has risen 36% so far in 2023 against a 13.5% gain for the broader European banking index (.SX7P). (This story has been refiled to change the dateline to Aug. 31, and not Aug. 30)Reporting by Danilo Masoni Editing by Amanda Cooper and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Danilo Masoni, Amanda Cooper, David Goodman Organizations: Swiss, UBS, REUTERS, Credit Suisse, Deutsche Bank, Thomson Locations: Zurich, Switzerland, Swiss

On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, ”, Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, “, China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai

"We feel that the applicant is entitled to the suspension of sentence and be released on bail," it said. Khan's lawyer Naeem Panjutha also announced the suspension on social media, saying "God be praised." Nor will the suspension of the corruption sentence undo the ban on Khan's contesting elections as long as the conviction remains. STATE SECRETSPakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. The possible overturning of Khan's graft conviction is pending a detailed hearing in the court, according to a lawyer Abdul Moiz Jaferii.

Persons: Khan, Imran, Khan's, Naeem Panjutha, Imran Khan, Mohsin Raza, Shah Mahmood Qureshi, Abdul Moiz Jaferii, Jaferii, abetment, Zulfikar Bukhari, Asif Shahzad, Gibran Peshimam, Ariba Shahid, Simon Cameron, Moore, Alex Richardson, Angus MacSwan Organizations: ISLAMABAD, Reuters, REUTERS, Federal Investigation Agency, FIA, Thomson Locations: Pakistan, Lahore, United States, Russia, Ukraine, Washington, Islamabad, Karachi

☆ Here's what's next for bitcoin ETFs after a court ruled in favor of Grayscale over the SEC
▼ + stars: | 2023-08-29 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

A federal appeals court struck down the SEC's order denying the conversion of the Grayscale Bitcoin Trust (GBTC) into an exchange traded fund. The decision does not guarantee that investors will be able to freely trade a bitcoin ETF anytime soon, however. Another impact could be for the bitcoin futures ETFs that are already on the market, led by the $940 million ProShares Bitcoin Strategy ETF (BITO) . Those funds could see outflows if investors choose the spot bitcoin products instead. Consider Valkyrie's attempt to change its bitcoin futures product into a broader crypto fund that also holds ether futures.

Persons: Jeremy Senderowicz, Vedder Price, Senderowicz, Terrence Yang, Swan, Yang, Cathie Wood, Islam, bitcoin Organizations: Securities, Exchange, SEC, Appeals, U.S, Supreme, CNBC, Ark Invest, Bloomberg News, BlackRock, Marathon

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