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☆ Dollar stalls as dovish Fed tone dials down rate expectations
▼ + stars: | 2023-10-10 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSINGAPORE, Oct 10 (Reuters) - The dollar remained steady against major peers on Tuesday, after a pause in its rally following a slight dovish shift in Federal Reserve officials' tone. "If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the Fed funds rate," said Dallas Fed president Lorie Logan -- a notable shift from previously hawkish rhetoric. Fed Vice Chair Philip Jefferson said the central bank would need to "proceed carefully" given the recent rise in yields. "There are another 13 Fed speakers scheduled this week which could see this theme develop further," said analysts at Westpac. "The idea that the increases in bond yields have done part of the tightening job appears to be gaining traction among some Fed officials," said OCBC rates strategist Frances Cheung.

Persons: Dado Ruvic, Lorie Logan, Philip Jefferson, Frances Cheung, Ken Cheung, Tom Westbrook, Sam Holmes, Simon Cameron, Moore Organizations: REUTERS, Rights, Federal, New, East, Swiss, Palestinian, Dallas, Fed, Westpac, Columbus, People's Bank of, Thomson Locations: Rights SINGAPORE, Asia, New Zealand, Israeli, Israel, Tokyo, People's Bank of China

☆ Evergrande Investors Warn of ‘Uncontrollable Collapse’
▼ + stars: | 2023-10-09 | by ( Frances Yoon | Rebecca Feng | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ India’s Booming Stock Market Is Leaving China in the Dust
▼ + stars: | 2023-10-09 | by ( Frances Yoon | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/indias-booming-stock-market-is-leaving-china-in-the-dust-5e4e3213

Persons: Dow Jones Locations: indias

☆ Asia's edge isn't just cheap labor, whether it's China, India or Japan, KKR says
▼ + stars: | 2023-10-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Now, whether it's China, India or Japan, the region's edge lies in industrial services, KKR's heads of global and Asia macro said in an October note. That investment conclusion comes after a recent trip to Singapore, China and Japan by New York-based Henry H. McVey, chief investment officer of KKR Balance Sheet. "The bid for infrastructure and logistics could accelerate even more meaningfully, we believe, in key markets such as India, China, Indonesia, the Philippines, Vietnam and even Japan," the KKR report said. That includes a $2 billion acquisition of a Mitsubishi-backed real estate manager in spring 2022.watch now"I think there are two big megathemes in Japan," KKR's McVey said in an interview Thursday. The other big trend in Japan, McVey said, is corporate reform that's boosting shareholder returns.

Persons: Henry H, McVey, Frances Lim, KKR's McVey, Fumio, haven't, Warren Buffett, Lim didn't, There's, Nisha Awasthi, Lim Organizations: Visual China, Getty, BEIJING, KKR, Mitsubishi, Hitachi Transport System, Logisteed, Hyatt Regency, Gaw Capital Partners, Wednesday, China Locations: China, Haikou, Hainan, India, Japan, Asia, Singapore, New York, Indonesia, Philippines, Vietnam, Hyatt Regency Tokyo, Gurugram, BlackRock, Mumbai, Pacific, Beijing, Hong Kong, Seoul, Shanghai, Sydney, Tokyo

☆ Suleika Jaouad and Jon Batiste open the doors to their Brooklyn townhouse
▼ + stars: | 2023-10-04 | by ( Christy Choi | ) edition.cnn.com time to read: +5 min

Newly home to best-selling author, activist and motivational speaker Suleika Jaouad and Grammy-winning musician, singer-songwriter and TV personality Jon Batiste, the 1890s Italianate townhouse in Brooklyn, New York is a potent space for them to live and create. Jon Batiste pictured in the studio lounge of the Brooklyn home he shares with author Suleika Jaouad. “The vision for the house was deeply tied to who Jon and I are as humans — to our creativity and our lineage,” Jaouad wrote. Jaouad recalled Batiste exaggeratedly exclaiming, in reference to a lamp: “Now this light is healing!”“It cracked us up, and we put it on repeat,” she wrote. Fried chicken sandwiches and champagne were served to the small group of guests, while Batiste serenaded Jaouad on a grand piano he rented for the night.

Persons: CNN —, Suleika Jaouad, Jon Batiste, Jaouad, “, ”, Frank Frances, Hallie Goodman, Jon, ” Jaouad, Jaouad’s, Mokhtar Lahmar, Designway, Batiste exaggeratedly, Batiste, Goodman, — Organizations: CNN, Architectural, Brooklyn, New, Facebook Locations: Brooklyn , New York, —, “, Tunisia, New Orleans, Nabeul, French, Quittner

☆ Our crisis of loneliness, the new bet investors are going after
▼ + stars: | 2023-10-04 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Not long after founding the startup, Gaon shared his vision with famed venture capitalist Marc Andreessen. It was notable to Gaon at the time that Andreessen — "one of those investors who's known for seeing where the market is going" — appeared to have pinpointed loneliness as its own market. That moved her parents, Cindy and Anne Jordan, who had sold their first healthtech company years before, to found the Arizona company Pyx Health. "The loneliness crisis is bigger, and more urgent, than anything I've worked on before," Nyborg wrote in a blog post. Inspired debuted a thesis in 2020 that identified loneliness as a key focus for the firm to invest in.

Persons: Benjamin Gaon, Boaz Gaon, Benny, Gaon, Marc Andreessen, Andreessen, Wisdo, —, Anne Wojcicki, Marius Nacht, Andreessen Horowitz, Vivek Murthy, Betsy Hoover, Bumble, Rylie Sarabia, Cindy, Anne Jordan, policyholders, Dawn Owens, it's, Owens, Julie Rice, Elizabeth Cutler, Rice, Peoplehood, Phil Levin, Levin, Culdesac, Renate Nyborg, I've, Nyborg, Hugo Amsellem, He's, Ava, Catalyst, Nate Tepper, Tepper, Adam Besvinick, Frances Haugen, Hoover, Alexa von Tobel, von Tobel, David Spinks Organizations: Pyx, Labs, verve, Investors, Pyx Health, TT Capital Partners, New, Khosla Ventures, Sequoia Capita, AI Fund, NEA, AIs, Looking Glass, Anonymous, Glass, Facebook, Bloomberg Locations: Arizona, Minneapolis, New York, Ava, France, Peoplehood, Hopscotch

☆ Why now is a good time time to buy property in New York City
▼ + stars: | 2023-10-04 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementBuying a home in New York City may get a smidge easier this fall. The New York City market is correcting itself, Douglas Elliman agent Frances Katzen told Insider. "It's the old adage, opportunity and location, location, location. AdvertisementAdvertisement"If you told someone that they could buy a townhouse in New York City for $3.9 million, they would basically say never," Katzen said. The New York City market had a quieter third quarter this year, with sales in Manhattan dropping 33.2%, from 11,111 to 7,421, in 2022.

Persons: Douglas Elliman, —, Manhattan's, Douglas, Frances Katzen, Katzen Organizations: Service, New, Rocket Homes, New York, Boston Locations: New York, Manhattan, New York City, York, West, Los Angeles, San Francisco, Florida, Tampa, Miami

☆ Companies Find a Fundraising Sweet Spot With Convertible Bonds
▼ + stars: | 2023-09-28 | by ( Dave Sebastian | Frances Yoon | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/companies-find-a-fundraising-sweet-spot-with-convertible-bonds-755ebac1

Persons: Dow Jones

☆ After Taking Away Critics’ Citizenship, a Country Takes Their Houses
▼ + stars: | 2023-09-26 | by ( Frances Robles | More About Frances Robles | ) www.nytimes.com time to read: +1 min

The campaign is a throwback to the leftist party’s first time in office in the 1980s, when the Sandinistas expropriated homes, setting off yearslong legal disputes. Mr. Ortega was beaten at the ballot box in 1990 but after changes to the constitution that made it possible for him to win, Mr. Ortega reclaimed the presidency in 2007. He spent the next decade chipping away at the country’s democracy by interfering with the National Assembly, elections and the Supreme Court. Tens of thousands of people rose up against Mr. Ortega and his wife, Vice President Rosario Murillo, in 2018, accusing them of becoming exactly what they had once fought against: leaders of a dictatorial family dynasty. The move to start seizing properties in recent days follows the confiscation of a prominent Jesuit university and the arrests of several priests.

Persons: party’s, Daniel Ortega, Ortega, Rosario Murillo Organizations: Sandinista, National Assembly, Jesuit, Harvard University

☆ Americans Tiafoe and Shelton secure Laver Cup title for Team World
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

[1/4] Tennis - Laver Cup - 02 Arena, London, Britain - September 25, 2022 Team World players and captain John McEnroe celebrate with the trophy after winning the Laver Cup Action Images via Reuters/Andrew Boyers Acquire Licensing RightsSept 24 (Reuters) - Ben Shelton and Frances Tiafoe handed Team World a second successive Laver Cup title after they squeezed past Team Europe duo Andrey Rublev and Hubert Hurkacz 7-6(4) 7-6(5) for a thrilling doubles victory on Sunday. The Americans, who met earlier this month in the U.S. Open quarter-finals, found their rhythm to wrap up a final-day victory that lifted captain John McEnroe's team to 13 points and crushed any remaining hopes for Team Europe. Team World took a 4-0 lead on the first day of competition, and extended it to 10-2 over Team Europe by the end of Saturday. This year the Swiss watched on as a spectator as Tiafoe come back to haunt Team Europe with another win. Team World will look to retain their title next year when the event is held in Berlin.

Persons: John McEnroe, Andrew Boyers, Ben Shelton, Frances Tiafoe, Andrey Rublev, Hubert Hurkacz, John McEnroe's, Roger Federer's, Ben it's, Tiafoe, It's, Shelton, Angelica Medina, Toby Davis Organizations: Laver, Team, U.S, Team Europe, Europe, Thomson Locations: London, Britain, Swiss, Berlin, Mexico

☆ Newcomers fire as Team World make strong start to Laver Cup defence
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

Tennis - Laver Cup - Palexpo, Geneva, Switzerland - September 20, 2019 General view of the Laver Cup trophy before the start of play REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSept 22 (Reuters) - Defending champions Team World took a 4-0 lead over Team Europe on the opening day of the Laver Cup in Vancouver on Friday, as Ben Shelton, Francisco Cerundolo and Felix Auger-Aliassime all won their singles matches. Argentine Cerundolo claimed his first point for Team World with a 6-3 7-5 victory over Alejandro Davidovich Fokina. There's a lot of energy," Team World captain John McEnroe said. Home favourite Felix Auger-Aliassime made it a hat-trick of singles wins for Team World with a 6-4 6-3 victory over French veteran Gael Monfils in the evening session. The first team to reach 13 points will lift the Laver Cup.

Persons: Denis Balibouse, Ben Shelton, Francisco Cerundolo, Felix Auger, Aliassime, golf's, Roger Federer, Rafa Nadal, Novak Djokovic, Shelton, Arthur Fils of, Federer, it's, Argentine Cerundolo, Alejandro Davidovich Fokina, We've, John McEnroe, we've, Gael Monfils, Frances Tiafoe, Tommy Paul, Europe's Fils, Andrey Rublev, Shrivathsa Sridhar, William Mallard, Peter Rutherford Organizations: Laver, REUTERS, Team Europe, Rogers, Team, Thomson Locations: Geneva, Switzerland, Vancouver, Arthur Fils of France, Argentine, Bengaluru

Shinsuke Nakamura and Karrion Kross wrestle during the WWE SmackDown at Coliseo de Puerto Rico José Miguel Agrelot on May 5, 2023, in San Juan, Puerto Rico. WWE's "Friday Night SmackDown" will return to USA Network in October 2024 as part of a five-year domestic media rights partnership between TKO Group Holdings and NBCUniversal , WWE said Thursday. WWE does not expect to reach a rights agreement for its flagship show "Raw" until next year. "SmackDown" has been on Fox since October 2019, with a rights agreement for $205 million per year in a five-year deal. "SmackDown" last appeared on USA Network from 2016 to 2019.

Persons: Shinsuke Nakamura, Karrion Kross, Coliseo de Puerto Rico José Miguel Agrelot, WWE's, Frances Berwick, we'll Organizations: WWE, Coliseo, Coliseo de Puerto Rico, USA Network, NBCUniversal, CNBC, Fox, Holdings, Endeavor, NYSE, NBC, NBCUniversal Entertainment Locations: Coliseo de Puerto, San Juan , Puerto Rico, USA

☆ WWE to bring back 'SmackDown' to NBCUniversal's USA Network
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Apr 2, 2023; Inglewood, CA, USA; L to R; Solo Sikoa and Roman Reigns and Paul Heyman and during Wrestlemania Night 2 at SoFi Stadium. Mandatory Credit: Joe Camporeale-USA TODAY Sports/File Photo Acquire Licensing RightsSept 21 (Reuters) - WWE's "Friday Night SmackDown" will be back on USA Network late next year, after the wrestling company struck a new partnership deal with Comcast's (CMCSA.O) NBCUniversal to air more shows. WWE, part of TKO Group (TKO.N), will also produce four primetime specials per year for NBC as part of the five-year deal. "With Friday nights on USA, primetime specials on NBC, and the WWE hub on Peacock, we'll continue to use the power of our portfolio to super-serve this passionate fanbase," NBCUniversal Entertainment Chairman Frances Berwick said. USA Network is currently home to "WWE NXT" and "WWE Raw".

Persons: Sikoa, Paul Heyman, Joe Camporeale, we'll, Frances Berwick, Samrhitha, Saumyadeb Chakrabarty, Anil D'Silva Organizations: USA Network, WWE, NBC, Thomson Locations: Inglewood , CA, USA, SoFi, Bengaluru

A day after Britain's fast pace of price growth unexpectedly slowed, the BoE's Monetary Policy Committee voted by the narrowest margin of 5-4 to keep Bank Rate at 5.25%. But rate futures suggested they still saw a 50% chance of Bank Rate rising to 5.5% by the end of this year. Britain's economy, hit hard by Brexit, the COVID-19 pandemic and the surge in gas prices triggered by Russia's invasion of Ukraine, has been struggling with the highest inflation rate in the Group of Seven. But growth remains fragile, heightening the risk that the BoE's 14 back-to-back rate hikes will push the economy into a recession. Last week, the European Central Bank raised rates but suggested its move might be the last for now.

Persons: Andrew Bailey, Jon Cunliffe, Megan Greene, Jonathan Haskel, Catherine Mann, BoE, Reuters Graphics Sterling, Bailey, Rishi Sunak, Peter Nicholls, Frances Haque, Reuters Graphics Bailey, Yael Selfin, Hugh Gimber, William Schomberg, Catherine Evans Organizations: Bank of England, Reuters Graphics, U.S ., MPC, REUTERS, Santander UK, IF, U.S . Federal Reserve, European Central Bank, KPMG, Investors, Bank of, Morgan Asset Management, Thomson Locations: Ukraine, London, Britain

☆ Reactions: Bank of England bashes pound after halting rate rises
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +8 min

A pedestrian carrying an umbrella walks near the Bank of England in the City of London, Britain, July 30, 2023. Investors had already rushed on Wednesday to reel in their bets on further UK rate rises after data showed UK inflation cooled surprisingly quickly in August. Against the euro , the pound was down 0.5% at 86.74 pence, having traded around 86.70 pence before the decision. "The MPC still refers to its flexibility to react should things change, but the chances are this could be the peak in this UK interest rate cycle." "However, there is a risk that the ‘lag effect’ on interest rate hikes means that today’s decision may not be felt for another 9 to 12 months."

Persons: Hollie Adams, Sterling, THOMAS, Huw Pill's, HUGH GIMBER, PHILIP SHAW, DOUGLAS GRANT, JEREMY BATSTONE, CARR, RAYMOND JAMES, FRANCES HAQUE, JOE TUCKEY, RICHARD GARLAND, GILES COGHLAN, BoE, stagflation, Amanda Cooper, Dhara Organizations: Bank of England, City of, REUTERS, London, Investors, Bank of, Bank, MPC, SANTANDER, LONDON, Core CPI, PMI, CPI, EMEA, Thomson Locations: City, City of London, Britain, London, MANX, EUROPEAN, FRANCE, GROUP, OXFORDSHIRE

☆ Harvard-trained expert shares how to 'move fast and fix things': It's surprising 'how infrequently people actually do it'
▼ + stars: | 2023-09-20 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +5 min

Mark Zuckerberg's five-word motto "move fast and break things" spawned Meta's multibillion-dollar success and inspired an entire generation of Silicon Valley entrepreneurs. In a TED Talk earlier this year, Morriss decried the idea behind Zuckerberg's phrase, suggesting instead that CEOs and leaders everywhere should "move fast and fix things." She offered a five-step guideline you can use to fix problems in your workplace, with each step assigned to a day of the week to keep you on schedule. Your goal should be to create a "good enough" plan to fix your problem, Morriss said. So, if we have not first earned trust and we go fast, we will break things guaranteed.

Persons: Mark Zuckerberg's, It's, Anne Morriss, Morriss, Zuckerberg, it's, Frances Frei, Frei, Uber, Travis Kalanick, Dara Khosrowshahi Organizations: Harvard Business School, TED, Harvard Business, Khosrowshahi's Locations: Silicon Valley

☆ What Social Media Does to the Teen Brain
▼ + stars: | 2023-09-20 | by ( Catherine Pearson | More About Catherine Pearson | ) www.nytimes.com time to read: +1 min

“This is really the first truly digital generation, and we have yet to see how much effect this has,” said Dr. Frances Jensen, a neurologist at the University of Pennsylvania and the author of “The Teenage Brain.”“We can get snapshots,” she added. What we know is that the brain matures from back to front, a process that starts in infancy and continues into adulthood, Dr. Jensen explained. And during adolescence, there is a particular flurry of activity in the middle part of the brain, which is associated with rewards and social feedback. “Areas that have to do with peers, peer pressure, impulsivity and emotion are very, very, very active,” Dr. Jensen said. (It’s “use it or lose it,” Dr. Jensen explained.)

Persons: ”, Frances Jensen, “, Jensen, Dr, Mitch Prinstein, ” Dr Organizations: University of Pennsylvania, American Psychological Association

More than 120 small boats arrived in Lampedusa in the span of roughly 24 hours, bringing the number of people at the local reception center to 7,000 people at one point. But consecutive arrivals on the small island in a short period of time made things difficult to manage, Di Giacomo said. Most of those boarding smugglers' boats for Europe are young men and unaccompanied minors, though women and children are seen but in smaller numbers. As soon as the weather improved, they launched more than 100 small iron boats from Tunisian beaches carrying between 30 to 40 people. Migrants pay smugglers between 1,500 and 5,000 Tunisian dinars (roughly $500-$1,600) for a spot on the dangerous boats.

Persons: Giorgia Meloni, Kais Saied, Flavio Di Giacomo, Di Giacomo, Daniel, “ It's, ”, Chris Borowski, Saied's, Giacomo, Ursula von der Leyen, It's, ” Abderrahim, Saied, doesn’t, “, ___ Frances D'Emilio Organizations: Union, Italy's Interior Ministry, International Organization for, WHO, IOM, Border, Coast Guard Agency, Global, Transnational, EU Locations: BARCELONA, Spain, Lampedusa, Tunisia, Italy, North Africa, Italian, Europe, Ukraine, Ivory Coast, Guinea, Cameroon, Burkina Faso, Mali, Libya, Egypt, Eritrea, Sudan, Sfax, Tunisian, African, Greece, Rome

☆ China's central bank set to boost liquidity but keep policy rate steady
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Sept 14 (Reuters) - China's central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, after a string of data showed some signs of economic stabilisation. China has already lowered the medium-term policy rate twice since June to stimulate credit demand and support a faltering economic recovery. New bank lending in China beat expectations by nearly quadrupling in August from July's level, as the central bank sought to shore up economic growth amid soft demand at home and abroad. To revive broad credit demand and rescue the troubled property sector, China unexpectedly cut the MLF rate last month. For this reason alone, it seems unlikely that the PBOC will embrace large-scale rate cuts."

Persons: Frances Cheung, Julian Evans, Pritchard, Shri Navaratnam Organizations: People's Bank of China, OCBC Bank, U.S, Capital Economics, Shanghai, Thomson Locations: SHANGHAI, China, United States, OCBC Bank .

☆ Davis Cup champions Canada stay perfect, US stunned
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

"I'm happy with the way I competed," world number 158 Diallo said. "Obviously things are going my way right now, so it's easy to stay positive. It was Tiafoe's second straight defeat this week after the world number 11 had crashed against Croatia's Borna Gojo. Maybe you guys are upset he's not here playing for Spain, because he's 20 and I'm 36 and how he's tired and I'm not," Djokovic said. I'm sure he'll win this competition with Spain because of who he is and the quality he possesses and the quality the team possesses."

Persons: Felix Auger, Milos Raonic, Denis Shapovalov, Vasek Pospisil, Leo Borg, Gabriel Diallo, Lorenzo Musetti, Elias Ymer, Diallo, Max Purcell, Matthew Ebden, Nicolas Mahut, Edouard Roger, Vasselin, Botic Van de, Tommy Paul, Tallon Griekspoor, Frances Tiafoe, Croatia's Borna, Novak Djokovic, Djokovic, Carlos Alcaraz, he's, Shrivathsa Sridhar, Pritha Sarkar Organizations: Canada, Italy, Wednesday, Australia, France, United, C, Spain, South, U.S, Davis Cup, Thomson Locations: Sweden, United, Canada, Bologna, Malaga, Manchester, Croatian, Split, Netherlands, United States, Valencia, Czech Republic, South Korea, Serbia, New York, Spain, Bengaluru

☆ Amazon opens its biggest last-mile delivery center in Latin America
▼ + stars: | 2023-09-14 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

MEXICO CITY, Sept 14 (Reuters) - Amazon (AMZN.O) on Thursday inaugurated its largest last-mile delivery center in Latin America, a warehouse in Mexico's capital, as it seeks to offer faster deliveries in one of the region's most populous cities. The new Mexico City site, measuring 30,000 square meters (more than 322,000 square feet), is the largest Latin America "delivery station" for Amazon, referring to warehouses that specialize in last-mile deliveries to consumers. Amazon also operates larger warehouses known as "fulfillment centers," which can be over 92,900 sq meters (a million square feet). Altogether Amazon operates about 40 warehouses throughout Mexico, employing more than 8,000 people directly and another 32,000 indirectly. Some 22 million people live in and around Mexico City, one of the biggest urban centers in Latin America.

Persons: Mercado, Diana Frances, Ken Salazar, Andres Manuel Lopez Obrador, Daina Beth Solomon, Sandra Maler Organizations: MEXICO CITY, Mercado Libre, Walmart, Amazon, Thomson Locations: MEXICO, Latin America, Mexico, Argentina, America, Mexico City

☆ Britain see off Australia, Spain and Italy lose in Davis Cup
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

MANCHESTER, Sept 13 (Reuters) - Britain battled to victory over last year's Davis Cup runners-up Australia in their Finals group stage opener on Wednesday, while Spain and Italy both suffered chastening defeats at home in the premier men's team competition. "It's amazing to play my first Davis Cup tie in the UK in this sort of arena. In Valencia, the Czech Republic took an unassailable 2-0 lead over hosts Spain, who were missing Carlos Alcaraz after the world number two decided to pull out of the squad to recover following his U.S. Open semi-final defeat. Italy also endured a disappointing day in front of home fans in Bologna, as defending champions Canada secured a comfortable Group A victory in a re-match of last year's semi-final. Italy are without Jannik Sinner and Matteo Berrettini this week but still have three top-50 singles players in the squad.

Persons: year's, chastening, Jack Draper, Leon Smith's, Thanasi, Draper, Leon, Dan Evans, Alex de Minaur, Carlos Alcaraz, Tomas Machac, Bernabe Zapata Miralles, Jiri Lehecka, Alejandro Davidovich Fokina, Alexis Galarneau, Lorenzo Sonego, Gabriel Diallo, Lorenzo Musetti, Denis Shapovalov, Felix Auger, Milos Raonic, Matteo Berrettini, Mackenzie McDonald, Dino Prizmic, Gojo, Frances Tiafoe, Austin Krajicek, Rajeev Ram, Ivan Dodig, Pavic, Shrivathsa Sridhar, Toby Davis Organizations: MANCHESTER, Britain, Manchester, Davis, U.S, Serbia, Canada, Croatia, Thomson Locations: Australia, Spain, Italy, Britain, Valencia, Czech Republic, Malaga, Bologna, Canada, United States, U.S, Bengaluru

☆ Insider Today: Big Tech goes on trial
▼ + stars: | 2023-09-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +10 min

Speaking of Big Tech, it's a big day for the industry as the DOJ's antitrust trial against Google starts today. It's also a strategy the Department of Justice argues is "anticompetitive and exclusionary" in a landmark trial for Big Tech kicking off today. The trial is the biggest to hit the tech industry since the government sued Microsoft in the late 1990s. AdvertisementAdvertisementMore broadly, the case is a bellwether for how the government could argue future cases against Big Tech companies in the modern era. Each case is unique, but their focus on monopolistic behavior means the Google trial could set precedents followed by both sides.

Persons: Tayfun, it's, there's, you'll, It's, Hugh Langley, Kent Walker, Hugh, Walker, Chelsea Jia Feng, Henry Farrell, Abraham Newman's, Walter Wriston's, Gil Perez, Jamie Dimon, JPMorgan doesn't, Dimon, Elon, Franz von Holzhausen, Musk, Walter Isaacson, Yossakorn Kaewwannarat, VCs, they're, Nicki Minaj, Shakira, Beyoncé, Karol G, Frances Tiafoe, Austin Krajicek, Mackenzie McDonald, Tommy Paul, Rajeev Ram, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Big Tech, Google, Anadolu Agency, Getty, Department of Justice, DOJ, Microsoft, Apple, Federal Trade Commission, Amazon, Meta, Deutsche, JPMorgan, Street, Workers, Gallup, Startup, MTV, Team, Amtrak Locations: Wall, Silicon, Chelsea, New York City, San Diego, London, New York

Many people spent a second night in the open after the 6.8 magnitude quake hit late on Friday. Morocco has declared three days of mourning and King Mohammed VI called for prayers for the dead to be held at mosques across the country on Sunday. PULLING SURVIVORS FROM RUBBLEThere were hopes more survivors could be found. Footage captured on Saturday in Moulay Brahim, showed rescuers pulling someone from the rubble. It was Morocco's deadliest earthquake since 1960 when a quake was estimated to have killed at least 12,000 people, according to the U.S. Geological Survey.

Persons: King, Adeeni Mustafa, King Mohammed VI, Caroline Holt, Abdellatif Ait, Saida Bodchich, Moulay Brahim, Ayat, Ahmed Eljechtimi, Jose Joseph, Adam Makary, Omar Abdel, Angus McDowall, Tom Perry, Frances Kerry, Elaine Hardcastle Organizations: ., Reuters, Ministry, World Health Organization, International Federation of Red, Red Crescent Societies, High, . Geological Survey, International Monetary Fund, World Bank, IMF, Thomson Locations: BRAHIM, Morocco, Marrakech, Moulay, Tansghart, Abdellatif Ait Bella, Turkey, Bengaluru, Razek, Cairo, London

☆ Spain's soccer chief Luis Rubiales quits in kiss scandal
▼ + stars: | 2023-09-10 | by ( Graham Keeley | ) www.reuters.com time to read: +4 min

Reuters reached out to Hermoso's representative for comment on Rubiales' resignation, and they did not return the telephone call. Hermoso, Spain's all-time top scorer with 51 goals, currently plays at Mexican top-tier side Pachuca, where she moved in June 2022 following her second spell at Barcelona. "The feminist country is advancing faster and faster," Spain's acting Labour Minister Yolanda Diaz posted on X after news of Rubiales' resignation. The Spanish Football Federation said in a statement that Rubiales had resigned as its president and also as a vice-president of UEFA. Although he stepped down as boss of the federation, Rubiales continued to defend his version of events.

Persons: Jennifer Hermoso, Royal Spanish Football Federation Luis Rubiales, Hannah, Luis Rubiales, Rubiales, Pedro Rocha, Jenni Hermoso, Hermoso, Yolanda Diaz, Jenni, Irene Montero, Pedro Rocha Junco, FUTPRO, Piers Morgan, Luis, Anita Kobylinska, Tommy Lund, Toby Davis, Frances Kerry, Aislinn Laing Organizations: Soccer Football, FIFA, England, Royal Spanish Football Federation, Spanish Football Federation, Sydney, High, Rubiales, Spain, UEFA, Twitter, Reuters, Pachuca, Barcelona, Labour, Thomson Locations: New Zealand, Spain, Australia, Sydney, BARCELONA, Spanish, Gdansk

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