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☆ Southeast Asia's IPO market is an investor favorite amid global headwinds, Deloitte says
▼ + stars: | 2023-07-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

Firdaus Wajidi | Anadolu Agency | Getty ImagesSoutheast Asia's initial public offering market is showing promising signs despite a global IPO slowdown in the first half of 2023, according to a new Deloitte report. In the last six months, Southeast Asia's market saw 85 IPOs raising $3.3 billion in proceeds, versus the 73 IPOs in the same period last year which raised $3.1 billion. That's a 16% increase in the number of IPOs and a 5% increase in proceeds for the first half of 2023. Indonesia's rising starIndonesia raised 70% of the total IPO proceeds in Southeast Asia for the first half of 2023. Indonesia "looks set to have its best year ever in terms of listing proceeds with 44 IPOs in 2023 H1," said Deloitte.

Persons: Firdaus, — GoTo, Joko Widodo, Harita Nickel Organizations: Anadolu Agency, Getty, Deloitte, Nasdaq, EV, PT Merdeka Battery Materials, Pertamina Geothermal, Indonesia, Harita Locations: JAKARTA, INDONESIA, Jakarta, Indonesia, Southeast Asia, Australia, Thailand, Malaysia, China

☆ Vision Pro fans will need an appointment if they want to buy Apple's $3,500 headset from a store, report says
▼ + stars: | 2023-07-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Apple will need to book an appointment to buy the Vision Pro headset in-store. The company is planning a retail launch for the headset next year, Bloomberg reported. Apple fans hoping to get their hands on the Vision Pro will need to book an appointment to buy the headset in-store. The Vision Pro will be rolled out next year, with stores in New York and Los Angeles among the first to stock the device, per Bloomberg. Apple's Vision Pro is the company's first major product release in eight years.

Persons: groans, Insider's Pete Syme, Elon Musk Organizations: Apple, Bloomberg, Vision, Worldwide, Conference Locations: New York, Los Angeles

☆ Germany's economy is stagnating. And these 5 charts show how
▼ + stars: | 2023-07-07 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

But a faltering gross domestic product isn't the only figure that suggests that the German economy is stuttering. Germany's inflation rate is expected to hit 6.4% for June, according to provisional data from the German statistics office, which is an increase from the 6.1% recorded for May. Expect maybe for the second half that inflation might come down to a certain extent," Joachim Nagel, president of Germany's central bank, the Bundesbank, told CNBC in March. "What the fiscal authority can do in the face of high inflation is to alleviate the pain of inflation on the most fragile citizens," he said. The German economy has already recouped half of the losses in terms of trade incurred over the last two years and the energy crisis," he added.

Persons: Joachim Nagel, Sylvain Broyer, Volker Wieland, Veronika Grimm, Alexander, Universität, Broyer, China's, Robert Habeck Organizations: Anadolu Agency, Getty, CNBC, European Central Bank, Energy, Goethe University, Allianz, Reuters, Friedrich, country's Locations: Germany, Europe, Ukraine, Frankfurt, Universität Erlangen, Nürnberg, China, Beijing

☆ Australia inquiry says ex-PM Morrison misled cabinet on debt recovery scheme
▼ + stars: | 2023-07-07 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

SYDNEY, July 7 (Reuters) - An Australian inquiry into a programme to recover welfare debt said on Friday former Prime Minister Scott Morrison had misled the cabinet about the scheme in an earlier ministerial role. The report recommended unnamed people be referred for prosecution or civil action over the automated "robodebt" programme, designed to ensure welfare recipients were not underreporting income and over-receiving government payments. The report said Morrison, who in 2015 monitored the rollout of the programme as the social services minister, took the proposal to the cabinet without necessary information. Morrison, prime minister from August 2018 to May 2022 and still a member of parliament, rejected each finding adverse to him and critical of his involvement in "authorising the scheme". In 2020, he apologised in parliament for distress caused by the robodebt scheme but did not admit legal liability.

Persons: Scott Morrison, Anthony Albanese, Morrison, Renju Jose, Jamie Freed, William Mallard Organizations: SYDNEY, Royal Commission, Australian Federal Police, Thomson Locations: Australian, Sydney

☆ BP in talks over insurance deal for pension scheme, Financial Times reports
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

Companies Bp Plc FollowJuly 7 (Reuters) - Energy giant BP (BP.L) is in talks with insurers over a so-called buy-in deal for its 30 billion pound ($38.30 billion) pension scheme, the Financial Times reported on Friday. Such options include long-term insurance policies," BP Pension Fund Trustee said in an emailed statement. Companies have been trying to offload pension schemes from their balance sheets in recent years as they are expensive to run, while bulk annuity deals have provided a growing source of income for insurers. In February, Pension Insurance Corporation agreed to a pensions buy-in deal totalling around 6.5 billion pounds with insurer RSA Group, covering the pensions of 40,000 members, in the largest ever bulk annuity deal of the kind. That buy-in involved the insurer taking on the risk of the pension scheme's liabilities.

Persons: Yadarisa, Shinjini Organizations: Bp, Energy, BP, Financial Times, BP's, Fund, Pension Insurance Corporation, RSA Group, Thomson Locations: Bengaluru, Shadia, London

☆ Rudy Giuliani: Attorney disciplinary committee recommends disbarrment for 2020 election legal work
▼ + stars: | 2023-07-07 | by ( Katelyn Polantz | ) edition.cnn.com time to read: +3 min

CNN —An attorney disciplinary committee has recommended Rudy Giuliani be disbarred in Washington, DC, for his efforts on behalf of then-President Donald Trump to overturn the 2020 election results. “He claimed massive election fraud but had no evidence of it,” the committee wrote. “By prosecuting that destructive case Mr. Giuliani, a sworn officer of the Court, forfeited his right to practice law. He should be disbarred.”The panel’s recommendation is not final; the case against Giuliani still must be considered by DC’s Board on Professional Responsibility and by the DC court of appeals. To the contrary, he has declared his indignation over being subjected to the disciplinary process,” the committee wrote in its report.

Persons: Rudy Giuliani, Donald Trump, Giuliani, “, Joe Biden’s, Mr, ”, Ted Goodman, Trump, Giuliani’s Organizations: CNN, District of Columbia, DC’s Board, DC Bar Association, Trump, Justice Department Locations: Washington ,, District, Pennsylvania, Washington, Manhattan, New York, New York City

☆ Twitter threatens to sue Meta over Threads, Semafor reports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, looks to take on Elon Musk's Twitter by taking advantage of Instagram's billions of users. "Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information," Spiro wrote in the letter. "No one on the Threads engineering team is a former Twitter employee — that's just not a thing," Meta spokesperson Andy Stone said in a Threads post. A former senior Twitter employee told Reuters they were not aware of any former staffers working on Threads, nor any senior personnel who landed at Meta at all. loadingSince Musk's takeover of the social media platform, Twitter has seen competition from Mastodon and Bluesky among others.

Persons: Semafor, Mark Zuckerberg, Alex Spiro, Meta, Spiro, — that's, Andy Stone, Musk, Akash Sriram, Tiyashi Datta, Katie Paul, Shailesh Organizations: Twitter, Meta, Facebook, Elon, Reuters, Thomson Locations: Bengaluru, New York

☆ Google delays release of fully custom phone chip until 2025, The Information reports
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

July 6 (Reuters) - Alphabet Inc's (GOOGL.O) Google has delayed the release of a fully custom chip for its Pixel smartphones until 2025, The Information reported on Thursday, citing two people familiar with the matter. Google originally planned to release the chip, internally called Redondo, next year to replace the semicustom chips it currently designs with Samsung Electronics (005930.KS), the report said. The tech giant will also switch from Samsung to Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) for making the chips, called Tensors, according to The Information. Google will stick with Samsung for another year and wait until 2025 to introduce a fully custom design chip, internally code-named Laguna, according to The Information. The Laguna chip will be based on TSMC's 3-nanometer manufacturing process, currently the world's most advanced chipmaking process, the report added.

Persons: Chavi Mehta, Shilpi Majumdar Organizations: Google, Samsung Electronics, Samsung, Taiwan Semiconductor Manufacturing, Apple, Nvidia, Thomson Locations: Redondo, Laguna, Bengaluru

☆ CFTC investigators conclude Celsius, ex-CEO broke rules - Bloomberg News
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

July 5 (Reuters) - Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the firm's implosion, Bloomberg News reported on Wednesday. Attorneys in the regulator's enforcement unit determined that Celsius misled investors and should have registered with the regulator, according to the report, citing people familiar with the matter. Celsius and the CFTC did not immediately respond to a Reuters request for comment. Last year's market turmoil after the collapse of TerraUSD led to the failure of several major crypto companies including Celsius Network. As part of Celsius' bankruptcy case, an independent examiner was appointed to investigate accusations that Celsius had operated as a Ponzi scheme and report on how it handled crypto assets.

Persons: Alex Mashinsky, TerraUSD, Akanksha, Rashmi Organizations: Futures Trading Commission, Bloomberg, CFTC, Thomson Locations: Bengaluru

☆ Ukraine's attacks on Russian commanders have the US Army worried about its own 'fat and ponderous' command posts
▼ + stars: | 2023-07-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Ukraine's military has been using its long-range weapons to attack Russian command posts. A command post set up at the National Training Center at Fort Irwin in California during a training exercise. A destroyed Russian army command post pictured on March 13, 2022. One is to move command posts further from the lines and fortify them against bombardment or special-forces raids. Virtual reality would enable command posts to remain in secure locations far from the front.

Persons: —, Scott Woodward, James Geelen, Michael Peck Organizations: Army, Service, Command, US Army, National Training Center, Fort, GPS, CPs, Arms Army, Milford Beagle, US, Britain's Royal United Services Institute, Ukrainian Armed Forces, US Army CPs, Colorado . US Army, James Geelen Command, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Russian, Fort Irwin, California, Chornobaivka, Ukrainian, Kherson, Gen, Fort Leavenworth in Kansas, China, Taiwan, Russia, Fort Carson, Colorado, Forbes

☆ India expects EU carbon tax to hit exports of steel, iron ore and cement
▼ + stars: | 2023-07-06 | by ( Aftab Ahmed | ) www.reuters.com time to read: +2 min

[1/4] An employee works inside a steel factory in the northern Indian city of Lucknow June 11, 2010. REUTERS/Pawan KumarNEW DELHI, July 6 (Reuters) - Already facing subdued demand from developed nations, India's exports are likely to be hit by the European Union's 20% to 35% tariffs on high-carbon goods like steel, iron ore and cement, the finance ministry said in a report released on Thursday. Reporting of carbon content in exports to the EU would be required beginning Oct. 1, 2023, and the main goods affected would be steel, cement, aluminium, fertilisers, electricity and hydrogen. "The impending downside risks to India’s exports include the European Union’s introduction of the Carbon Border Adjustment Mechanism," the finance ministry said in its annual economic report. India's merchandise trade deficit rose faster-than-expected in May to $22.12 billion, up from $15.24 billion in April, due to reduced demand for Indian exports from developed countries.

Persons: Pawan Kumar, Aftab Ahmed, Shivam Patel, Clarence Fernandez, Simon Cameron, Moore Organizations: REUTERS, El, Thomson Locations: Indian, Lucknow, DELHI, EU

☆ Japan’s largest port hit with ransomware attack
▼ + stars: | 2023-07-06 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

New York CNN —Japan’s busiest shipping port said Thursday it would resume operations after a ransomware attack prevented the port from receiving shipping containers for two days. The expected restoration of the Port of Nagoya, a hub for car exports and an engine of the Japanese economy, will ease concerns about any wider economic fallout from the ransomware attack. The hack forced the port to stop handling shipping containers that came to the terminal by trailer, the association said. As of midday Thursday in Japan, there was no claim of responsibility for the Port of Nagoya ransomware attack from the LockBit group on their dark-web site. Though this may be a first for Japan, ransomware and related hacks have hit ports in other countries.

Persons: Ransomware, Mihoko Matsubara, TSMC, Port, Matsubara Organizations: New, New York CNN, Nagoya Harbor Transportation Association, NTT Corporation, CNN, Port, Japan Locations: New York, Port, Nagoya, Japan, Ukraine

☆ US layoffs halve in June as tech job cuts ease - report
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

Despite the drop in job cuts in the month, layoffs in June were higher than the corresponding month a year earlier, the report said. Technology companies continue to lead job cut announcements with 141,516 layoffs in the first half of the year, compared with about 6,000 in the same period last year. The sector laid off nearly 5,000 employees last month, the report said. After a round of multiple rate hikes, the Fed unanimously kept its interest rates steady at the central bank's June meeting that could freeze layoffs and allay fears of employees. Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: stoking, Andrew Challenger, Stuart Cole, Akash Sriram, Jaspreet Singh, Maju Samuel Organizations: Christmas Inc, Corporate America, Federal Reserve, Technology, Fed, Equiti, Thomson Locations: United States, Bengaluru

☆ Putin's luxury armored train is fitted with a beauty room, anti-aging machines and a gym, report says. Take a look inside.
▼ + stars: | 2023-07-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +5 min

A report published by the Dossier Center reveals what the inside of Putin's luxury train looks like. It also has a beauty room that includes anti-aging machines, the report said. The other cars are fitted with restaurants, a cinema, and a lavish dining room as well as a Turkish hammam steam room and a beauty room, the report said. The beauty room in Russian President Vladimir Putin's train features anti-aging machines. Karakulov previously told the Dossier Center that the train also has a secret timetable so that it can move around inconspicuously.

Persons: —, Vladimir Putin's, Putin's, Putin, Gleb Karakulov, hasn't, Karakulov Organizations: Service, Dossier Center, CNN, Süddeutsche Zeitung, Westdeutscher Rundfunk, Norddeutscher Rundfunk, Presidential Security Service, Guardian, Federal Guard Service, Russia's, Federal Guard Service's Locations: Turkish, Russia, Kyiv, Novo, inconspicuously

☆ Wagner Group shooting down a Russian command plane may be gift that keeps on giving for Ukraine's beleaguered air defenses
▼ + stars: | 2023-07-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

During Wagner Group's revolt in June, its mercenaries shot down several Russian military aircraft. The loss of one of Russia's few Il-22M could hinder its air force's ability to operate over Ukraine. Wagner Group's abortive revolt last month didn't just end with its leader, Yevgeny Prigozhin, fleeing the country and its troops being absorbed into the Russian military. The airborne command posts couldn't even communicate directly with air-defense units or with Russian fighters on combat air patrols. Royal Air ForceIndeed, command and control is the Achilles heel of the Russian military, which inherited the rigid command structure of its Soviet predecessor.

Persons: Wagner Group's, —, Yevgeny Prigozhin, NIKITA SHCHYUKIN, Greg L, Davis, Justin Bronk, aren't, Bronk, Michael Peck Organizations: Service, Wagner Group, NATO, British Ministry of Defense, Getty, Ukraine, Ministry of Defense, Target, Boeing, Joint STARS, US Air Force, Britain's Royal United Services Institute, Russian, Ground Forces, CAP, RAF Typhoons, Royal Air Force, US, CNA, Russian Aerospace Force, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Russian, Russia, AFP, Davis Russian, Baltic, Forbes

☆ UN nuclear agency endorses Japan's plan to release treated radioactive water into the Pacific Ocean
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: +1 min

Unit 3 and unit 4 reactor buildings and storage tanks for contaminated water at the Tokyo Electric Power Company (TEPCO) Fukushima Daiichi nuclear power plant in Okuma, Fukushima prefecture. The U.N. nuclear agency gave its endorsement on Tuesday to Japan's planned release of treated radioactive wastewater into the sea from the damaged Fukushima nuclear plant, saying it meets international standards and its environmental and health impact would be negligible. The plan is opposed by groups in South Korea, China and some Pacific Island nations because of safety concerns and political reasons. However, it concluded that the water release as currently planned "will have a negligible radiological impact on people and the environment." Japan's plan and the equipment for the discharge are "in conformity with the agreed international standards and its application," Grossi said.

Persons: Japan's, Rafael Mariano Grossi, Fumio Kishida, Grossi Organizations: Tokyo Electric Power Company, International Atomic Energy Agency Locations: Fukushima, Okuma, South Korea, China, United States, France

Shares of K-pop agencies dipped briefly on Wednesday after a reported investigation by South Korea's antitrust watchdog. The report said government agencies sent "examiners" to the offices of Hybe, SM Entertainment, YG Entertainment, according to a CNBC translation of the article. Hybe, the agency behind BTS, saw its shares fall as much as 3%, while SM Entertainment fell as low as 2.19%. When contacted by CNBC, South Korea's FTC said they could not confirm or deny the Yonhap report. Hybe said that it has no comments, while YG Entertainment and SM Entertainment did not respond to requests seeking comments to the Yonhap report.

Persons: Lisa, Jennie, Yonhap, Hybe, — CNBC's Kimberly Kao Organizations: Coachella, Valley Music, Arts Festival, Korea's Fair Trade Commission, Yonhap, SM Entertainment, YG Entertainment, CNBC, South, FTC Locations: INDIO , CALIFORNIA, Indio , California, South Korean, Hybe

☆ Taliban compounds misery for women in Afghanistan with order to close all beauty salons
▼ + stars: | 2023-07-05 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

The impending closure of beauty salons further diminishes the freedom of women and delivers a harsh economic blow to families who rely on them for income. An Afghan beautician attends to a customer at a beauty salon in Mazar-i-Sharif on June 27, 2023. My husband is jobless and this beauty salon is the only means to feed my family. “I don’t understand why beauty salons should be banned. According to their report, women are banned from working in most sectors outside the home, and are prohibited from attending public baths, parks, and gyms.

Persons: Mohammad Sidik Akif, Afghan beautician, Sharif, “, ”, Richard Bennett, Dorothy Estrada, Tanck, they’re, who’ve, Markus Potzel, Afghanistan’s “ Organizations: CNN, Ministry, United Nations, Getty, UN Locations: Afghanistan, United States, Afghan, Mazar, AFP, Kabul

☆ Extreme weather in Latin America unlocks vicious cycle that further fuels climate dangers
▼ + stars: | 2023-07-05 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

HAVANA, July 5 (Reuters) - Extreme weather is wreaking havoc across Latin America, racking up billions worth of damage and unleashing a vicious cycle that leads to higher demand for fossil fuels and more climate change, the World Meteorological Organization said on Wednesday. Temperatures have warmed an average 0.2 degree Celsius per decade over the past 30 years – the highest rate on record, according to the State of the Climate in Latin America and the Caribbean 2022 report. As temperatures rise, extreme weather events become more common, with often unexpected consequences that stoke climate change, the report said. “Many of the extreme events were influenced by the long-running La Nina but also bore the hallmark of human-induced climate change," said WMO Secretary-General Petteri Taalas. "We are facing increasingly strong impacts from climate change, but the decisions adopted in climate negotiations for the implementation of the Paris Agreement do not advance at the same rate," she said.

Persons: Petteri Taalas, Daniel Becerril, Elba Rosa Perez, Nelson Acosta, Dave Sherwood, Marguerita Choy Organizations: World Meteorological Organization, stoke, Nina, REUTERS, El Nino, for Research, Meteorological Institute, Environment, Development, Thomson Locations: HAVANA, America, Latin America, Caribbean, South America, Monterrey, Mexico, El, Havana, China, Cuba, Paris

Hong Kong CNN —Police in China have detained a college graduate suspected of stealing university data to create a website rating the attractiveness of his fellow students. The 25-year-old, identified by police by his surname Ma, is a graduate of the prestigious Renmin University in Beijing, according to a police statement on Monday. Multiple online posts over the weekend accused him of stealing the personal information of students from the university’s database while he was studying there. The posts alleged that Ma used the data to create a website that rates the physical appearance of both undergraduate and graduate students. On Sunday, Renmin University said in a statement it had contacted the police and was cooperating with them to look into the incident.

Persons: Ma, Renmin, China’s, Mark Zuckerberg, Zuckerberg Organizations: Hong Kong CNN — Police, Renmin University, China’s Twitter, Facebook, Harvard, Police, China, Weekly Locations: Hong Kong, China, Beijing, Weibo, Harvard, Beijing’s Haidian

☆ Putin is beefing up his security services because he's fearful there could be another armed rebellion, report says
▼ + stars: | 2023-07-05 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Russia has moved to strengthen its national guard after the Wagner rebellion. Wagner mercenaries launched a mutiny against Russian military leaders in June. The Rosgvardiya answers directly to Putin, and was created in 2016 to combat internal security threats. The planned reassignment, the report said, came after Putin met with police and security chiefs in the wake of the armed uprising by the Wagner mercenary group on June 23. "The alleged restructuring of Russia's internal security forces suggests that the Kremlin is working to build an effective anti-rebellion force following Wagner's armed rebellion," the ISW said.

Persons: Wagner, —, Vladimir Putin, Putin, Rosgvardiya, Don, Yevgeny Prigozhin, Sergei Surovikin, Vedemosti Organizations: Russian, Service, The Institute, Russian Federal Drug Control Service, Center, Strategicand International Studies Locations: Russia, Russian, Rostov, Moscow, Ukraine, Belarus

☆ Democracy 'not radically worse' in EU than a year ago, says executive
▼ + stars: | 2023-07-05 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +2 min

The assessment came as the EU executive released its latest rule of law report, which includes tips for democratic improvements across EU member states. Last year's snapshot highlighted serious concerns about the rule of law in Poland and Hungary. "This rule of law report shows that there is no radical worsening or backsliding in any member state," said EU Commissioner for Values and Transparency Vera Jourova. She noted some improvements to the independence of the judiciary in Hungary, as Budapest sought to unlock access to EU grants. But the report still called on the nation to make improvements in areas including the independence of media and prosecutions of high-level corruption.

Persons: Vera Jourova, Jourova, Gabriela Baczynska, Emma Rumney Organizations: EU, of, Judiciary, Thomson Locations: BRUSSELS, Poland, Hungary, Budapest, Spain, France, North

☆ Opinion: Lab-grown meat is an expensive distraction from reality
▼ + stars: | 2023-07-05 | by ( Alice Driver | ) edition.cnn.com time to read: +6 min

Lab-grown meat, also known as cultured or cultivated meat, costs about $17 a pound, making it unaffordable for most consumers. Lab-grown meat has more in common with meat produced at a slaughterhouse than you might think. Some critics of the meatpacking industry have gotten excited about the idea of lab-grown meat as an alternative to Big Chicken. Tyson Foods, the largest meatpacking company in the US, was an early investor in the plant-based meat company Beyond Meat and has put money in Upside Foods. Before celebrating cultured meat as a victory for anyone, surely more studies are needed to explore this point further.

Persons: Alice Driver, James Beard, Alice Driver Alice Driver, restauranteur, ” Andrés, Dominique Crenn, Andres ’, Cargill, Tyson, “ We’ve, David Humbird, Humbird, Davis Organizations: American Worker, CNN, CNN —, Tyson Foods, Foods, JBS, McKinsey & Company, Twitter, University of California, Biotechnology, Food Institute, Big Tech Locations: Little Rock , Arkansas, United States, China, Washington ,, San Francisco, Berkeley

☆ Shooting in Texas leaves at least 3 dead, 8 wounded - media
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: 1 min

July 4 (Reuters) - A shooting just before midnight on Monday in a parking lot in Fort Worth, Texas, left at least three people dead and eight wounded, according to media reports citing the police. One was pronounced dead at the scene and two others died in hospital, while the other eight were also hospitalized and their conditions weren't known, CBS reported. The reason for the shooting wasn't immediately clear. Ten victims were adults and the other is a juvenile, the report said, adding that there was a "large crowd gathering" in the parking lot at the time of the shooting. Reporting by Shivani Tanna in Bengaluru; Editing by Andrew Heavens and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Shivani Tanna, Andrew Heavens, Alistair Bell Organizations: CBS, Thomson Locations: Fort Worth , Texas, Bengaluru

BHUBANESWAR, India, July 4 (Reuters) - Workers repairing a rail-road barrier in India made faulty connections in the automated signalling system on the network, leading to the country's worst rail disaster in two decades, an official probe has found. The June 2 crash at Bahanaga Bazar station, in the eastern Indian state of Odisha, killed 288 people and injured more than 1,000. The disaster struck when a passenger train hit a stationary freight train, jumped off the tracks and hit another passenger train coming from the opposite direction. The malfunctioning system directed the passenger train onto the path of the freight train, it said. Indian Railways, the fourth largest train network in the world, is a state monopoly run by the Railway Board.

Persons: Narendra Modi's, Jatindra Dash, Krishn Kaushik, Sudipto Ganguly, Raju Gopalakrishnan Organizations: Workers, Reuters, of Railway Safety, CRS, Local, Railways, Railway Board, Railways Ministry, Thomson Locations: BHUBANESWAR, India, Bahanaga Bazar, Odisha, New Delhi, Mumbai

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