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The capability, which Intel showed off during a software developer conference held in Silicon Valley, could let businesses and consumers test ChatGPT-style technologies without sending sensitive data off their own computer. It is made possible by new AI data-crunching features built into Intel's forthcoming "Meteor Lake" laptop chip and from new software tools the company is releasing. Intel said on Tuesday that it was building a new supercomputer that would be used by Stability AI, a startup that makes image-generating software. China's Alibaba Group Holdings (9988.HK) is using its newest central processors to serve up chatbot technology, Intel said. If Intel Chief Gelsinger can make AI "so that anyone can use it, that creates a much bigger market for chips – the chips that he makes," Hutcheson said.

Persons: Arnd, Taylor Swift, Pat Gelsinger, Gelsinger, Sachin Katti, Dan Hutcheson, TechInsights, Hutcheson, Stephen Nellis, Max Cherney, Peter Henderson, Lincoln, Josie Kao Organizations: Intel Corporation, REUTERS, JOSE, Intel, ., Taiwan Semiconductor Manufacturing, Nvidia, Stability, Alibaba, Holdings, Meta, Reuters, Thomson Locations: Davos, Switzerland, California, Silicon Valley, HK, San Francisco, San Jose , California

☆ US SEC charges investment firm linked to Russian billionaire
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsCompanies Concord Management, Ltd FollowWASHINGTON, Sept 19 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Concord Management and its owner with failing to register with regulators while operating as an investment adviser to an unidentified billionaire former Russian official. Concord Management LLC of Tarrytown, New York, and owner Michael Matlin were operating as unregistered investment advisers to a single client, a former Russian official with apparent connections to the Russian Federation, the SEC said in a statement. Matlin founded Concord in 1999 to provide investment advice and supervise investments in U.S. private funds, the SEC said. The firm monitored investments for the Russian individual until March 2022, when the United Kingdom and European Union sanctioned the unidentified client, it said.

Persons: Jim Bourg, Michael Matlin, Matlin, Abramovich, Chris Prentice, Rami Ayyub, Katharine Jackson, Josie Kao, Mark Potter, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Concord Management, WASHINGTON, Russian, Russian Federation, Concord, New York Times, Reuters, European Union, Thomson Locations: Washington, Tarrytown , New York, United Kingdom, New York

☆ Disney holds preliminary talks with Nexstar on ABC sale -sources
▼ + stars: | 2023-09-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +1 min

Sept 14 (Reuters) - Walt Disney Co (DIS.N) has held exploratory discussions about selling its U.S. TV network ABC to regional TV station operator Nexstar Media Group Inc (NXST.O), people familiar with the matter said on Thursday. Nexstar's interest is preliminary and may not lead to any deal, one of the sources said. Nexstar and Disney did not immediately respond to requests for comment. Disney's ABC comprises a national television network and eight regional stations. It also has affiliation agreements with about 240 local television stations reaching almost all U.S. television households.

Persons: Bob Iger, Michael Eisner, Dawan Chmielewski, Akash Sriram, Josie Kao Organizations: Walt Disney Co, U.S ., ABC, TV, Nexstar Media Group Inc, Disney, Nexstar, Bloomberg News, Capital Cities, Thomson Locations: Los Angeles, Bengaluru

SAP Labs India Managing Director Sindhu Gangadharan hopes the Indian unit will scale up its share of global SAP patents to 50% from 25% currently, she said in an interview on the sidelines of an event in Bengaluru. SAP Labs India, which employs over 15,000 people, aims to embed generative AI across its products to cater better to the changing needs of its clients ranging from Thermax (THMX.NS) to Dabur India (DABU.NS). "Through AI, India can solidify its IT supremacy," Gangadharan had said in the event, earlier in the day. The comments come as SAP looks to "double down" on investments in India, its fastest growing region and home to 40% of its global Research and Development (R&D) activity. Gangadharan, while referring to the regulation of AI, said there should be a "great amount of responsibility barriers with flexibility to the end-user".

Persons: Arnd, Sindhu Gangadharan, Gangadharan, Sam Altman, Hritam Mukherjee, Navamya Ganesh, Dhanya Skariachan, Josie Kao Organizations: SAP, AG, REUTERS, Rights, Reuters, SAP Labs India, Research, Microsoft, Thomson Locations: Regensdorf, Switzerland, Bengaluru, India

☆ Argentina holds interest rate steady despite inflation spike
▼ + stars: | 2023-09-14 | by ( Jorge Otaola | ) www.reuters.com time to read: +2 min

The facade of Argentina's Central Bank is pictured in the financial district of Buenos Aires, Argentina December 7, 2021. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBUENOS AIRES, Sept 14 (Reuters) - Argentina's central bank (BCRA) decided to hold the benchmark interest rate steady at 118% during their last board meeting, despite the country's inflation rate hitting an over 30-year high in August. Reuters reported the decision earlier on Thursday, with an official source saying the political cost of raising the key rate would be too high. Analysts at J.P. Morgan said on Wednesday they expect double-digit monthly inflation through to the end of 2023, by which time they expect the annual figure to hit 190%. The outcome of the uncertain Oct. 22 elections and repressed inflation created from price freezes could further exacerbate inflation, they added.

Persons: Agustin Marcarian, Javier Milei, Morgan, Jorge Otaola, Valentine Hilaire, Sarah Morland, Marguerita Choy, Leslie Adler, Josie Kao Organizations: Central, REUTERS, Reuters, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, J.P

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsSept 15 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set to end the week strongly following risk-friendly moves in the U.S. and Europe on Thursday, although a deluge of top-tier economic data from China on Friday could sour the mood at a stroke. The latest indicators from the region's largest economy to be released include house prices, fixed asset investment, retail sales, industrial production and unemployment, all for August. However, all that could be parked for another day if investors decide to run with Thursday's bullish momentum.

Persons: Tingshu Wang, Jamie McGeever, Josie Kao Organizations: People's Bank of China, REUTERS, European Commission, PMI, Thomson, Reuters Locations: Beijing, China, U.S, Europe, Asia, Japan, Indonesia, New Zealand

The United States also offers tax credits of up to $7,500 for buyers of new electric cars, and several more for manufacturers of EVs and EV components. And each government views the support they provide as merely also doing "whatever it takes" to keep their own industries competitive. The mere threat of a probe into China's subsidies might actually be enough to slow the pace of imports from China while allowing sales of European cars to pick up further. Shares of major European car producers have heavily lagged U.S. and China EV rivalsIn that way, the EU Commissioner will have provided a valuable service to Europe's manufacturers without needing to actually dig too deeply into China's subsidy practices. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Ursula von der Leyen, von der Leyen, Gavin Maguire, Josie Kao Organizations: EU Commission, European EV, European Union, EV, United, Volkswagen, BMW, Renault, China EV, Reuters, Thomson Locations: LITTLETON , Colorado, Europe, Beijing, European, United States, Germany, China, EU

☆ Disney, Charter’s Spectrum deal will reshape media -executives
▼ + stars: | 2023-09-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

Disney also agreed to drop eight of its less-viewed networks, signaling the end of bloated cable TV bundles. Broadcasters could negotiate fees that included adding new cable TV channels. The new type of bundle deal combining traditional channels with streaming services provides a way forward for the media business. Pity the cable TV channels that few people watch, said one TV station group executive. Paramount Global has created numerous spin-offs of its main cable channels, with Nickelodeon siring five programming offspring, Nick Jr., Nick at Nite, TeenNick, Nicktoons and Nick Music.

Persons: Dado Ruvic, John Malone, Walt Disney, ”, Craig Moffett, “, you’re, Rich Greenfield, Jonathan Miller, Nick Jr, Nick, Nick Music, Moffett, Dawn Chmielewski, Kenneth Li, Josie Kao Organizations: REUTERS, Liberty Broadband, Charter Communications, Reuters, Disney / Charter, Disney, Broadcasters, Cable, P Global Market Intelligence, Netflix, Leichtman Research, Paramount, ESPN, FX, Integrated Media Co, Warner Bros Discovery, American Heroes Channel, Paramount Global, Nickelodeon, Nick, Thomson Locations: U.S, Greenfield, Los Angeles, New York

☆ Goldman Sachs fires several executives in transaction banking -memo
▼ + stars: | 2023-09-13 | by ( Saeed Azhar | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly Acquire Licensing RightsNEW YORK, Sept 13 (Reuters) - Goldman Sachs (GS.N) fired several executives in its transaction banking unit after they violated the firm's communications policy, according to a memo seen by Reuters on Wednesday. Philip Berlinski, the bank's treasurer, will take over day-to-day management of transaction banking alongside Akila Raman and Luc Teboul. The fired executives also failed to cooperate with Goldman Sachs' compliance department. The bank remains strongly committed to the transaction banking business, it said. Goldman Sachs was among the first wave of big banks regulators hit with stiff penalties for such recordkeeping failures.

Persons: Goldman Sachs, Andrew Kelly, Philip Berlinski, Akila Raman, Luc Teboul, Berlinski, Hari Moorthy, Moorthy, Saeed Azhar, Chris Prentice, Leslie Adler, Lananh Nguyen, Josie Kao Organizations: REUTERS, Reuters, FINRA's, Wall Street, Thomson Locations: Manhattan , New York, U.S

☆ US Senate committee to consider Biden’s Republican nominees to FTC
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly Acquire Licensing RightsSept 13 (Reuters) - A U.S. Senate committee will meet next week to consider President Joe Biden's nomination of Virginia Solicitor General Andrew Ferguson and Utah Solicitor General Melissa Holyoak to fill Republican slots at the Federal Trade Commission (FTC). Senator Maria Cantwell, who chairs the Senate Committee on Commerce, Science and Transportation, said she would convene a full nominations hearing on Sept. 20. Ferguson was chief counsel to U.S. Senate Republican Leader Mitch McConnell from 2019 until 2021. Holyoak is the Utah Solicitor General with the Utah Attorney General's Office.

Persons: Andrew Kelly, Joe Biden's, Andrew Ferguson, Melissa Holyoak, Lina Khan, Maria Cantwell, Ferguson, Mitch McConnell, Lindsey Graham, Chuck Grassley, Holyoak, Myers, Dan Whitcomb, Josie Kao Organizations: Federal Trade Commission, Washington , D.C, REUTERS, U.S, Senate, FTC, Democratic, Commerce, Science, Transportation, Senate Republican, Utah Attorney General's, Myers LLP, Hamilton Lincoln Law Institute, Enterprise Institute's Center, Thomson Locations: Washington ,, Utah

LONDON, Sept 13 (Reuters) - France's radiation watchdog has banned sales of Apple's (AAPL.O) iPhone 12 after tests that it said showed the smartphone breached European radiation exposure limits. Apple disputes the watchdog's conclusions, saying the iPhone 12 was certified by multiple international bodies as compliant with global radiation standards. The ANFR said it recently carried out random tests on 141 phones, including iPhone 12, bought from shops. Smartphone radiation tests have so far led to 42 imposed sale stops in the country, it said. The ANFR said the iPhone 12 had failed to meet European Union standards, raising questions over whether more sales bans could be coming elsewhere.

Persons: Jean, Noel Barrot, Le, ANFR, Rodney Croft, Apple, Martin Coulter, Jennifer Rigby, Elizabeth Pineau, Mark Potter, Josie Kao Organizations: Agence Nationale des, Apple, Digital Minister, Reuters, International Commission, EU, WHO, International Agency for Research, Cancer, APPLE, Union, Germany's Federal, for Radiation, Thomson Locations: France

☆ Citigroup CEO Jane Fraser pushes biggest overhaul in almost two decades
▼ + stars: | 2023-09-13 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +3 min

Citigroup CEO Jane Fraser testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks” on Capitol Hill in Washington, U.S., September 21, 2022. The bank is also planning to list its Mexican consumer unit, known as Banamex, after a sale process fell through. Scottish-born Fraser is the first woman to lead a Wall Street bank. She spoke in March about her life and career in a wide-ranging interview with Carlyle Group (CG.O) Co-Founder David Rubenstein. Reporting by Tatiana Bautzer; writing by Michelle Price; editing by Lananh Nguyen and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jane Fraser, Elizabeth Frantz, Jane Fraser's, we've, Fraser, Michael Corbat's, Sandy Weill, David Rubenstein, Goldman Sachs, Smith Barney, Tatiana Bautzer, Michelle Price, Lananh Nguyen, Josie Kao Organizations: Citigroup, . House Financial, REUTERS, Citi, JPMorgan Chase &, Bank of America, Banks, Carlyle Group, Cambridge University, Harvard Business School, McKinsey, Thomson Locations: Washington , U.S, U.S, New York, Scottish, Mexico

TOKYO (AP) — The Japanese boys-band production company at the center of an unfolding sexual abuse scandal, Johnny & Associates, chose three former judges Wednesday to head its effort to compensate hundreds of victims. “We recognize that the late Johnny Kitagawa carried out sexual assaults over a long period, and we apologize to the victims from the bottom of our hearts,” the company said. Among the latest was Kao Corp., a chemical and cosmetics company, which cited “considerations for people’s various feelings” on Tuesday. McDonald’s Japan has also said it will stop using Johnny’s stars in future deals, but past ads featuring them remained on its official site. Johnny’s stars are extremely popular, leading to sponsorship revenue and hit TV shows.

Persons: Johnny Kitagawa, Kitagawa, Julie Keiko Fujishima, Johnny's, Noriyuki Higashiyama, Johnny’s, “, ”, McDonald’s, ___ Yuri Kageyama Organizations: TOKYO, Johnny & Associates, Asahi Group Holdings, Suntory Holdings, Kao Corp, Public, NHK, Japan Federation of Bar, Business, Rights Locations: Tokyo, Japan, McDonald’s Japan

Former Brazilian President Jair Bolsonaro looks on before a session in the Legislative Assembly of Goias to receive the title of citizen of Goias, in Goiania, Brazil August 18, 2023. REUTERS/Ueslei Marcelino/File Photo Acquire Licensing RightsBRASILIA, Sept 13 (Reuters) - Brazil has formally requested U.S. law enforcement assistance into probes that involve former President Jair Bolsonaro after his ex-aide agreed to cooperate with Brazilian investigators, two Brazilian Federal Police sources told Reuters. Brazil requested U.S. help to corroborate statements by former Bolsonaro aide Mauro Cid about his role in various criminal probes involving Bolsonaro, including into falsified vaccination records and the sale of expensive jewels gifted by foreign governments. Lawyers for Bolsonaro and Cid did not immediately respond to requests for comment. One of the sources said it could take three to six months for Brazil to receive the information it needs from the United States.

Persons: Jair Bolsonaro, Ueslei Marcelino, Mauro Cid, Cid, Bolsonaro, Flavio Dino, Luiz Inacio Lula da Silva, Gabriel Stargardter, Josie Kao Organizations: Legislative, REUTERS, Rights, Brazilian Federal Police, Reuters, Justice Ministry's Department, Asset, Legal Cooperation, Bolsonaro, Thomson Locations: Goias, Goiania, Brazil, Rights BRASILIA, U.S, United States

☆ Argentina police shut down Nazi and antisemitic bookseller
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

The Libreria Argentina establishment sold books with images of swastikas, iron crosses and the imperial eagle of the National Socialist German Workers' Party, commonly known as the Nazi party, as well as Nazi propaganda texts. Police arrested one person during the raids in the San Isidro district, located in the outskirts of Buenos Aires. After the war, many Nazi officials including death camp supervisor Adolf Eichmann also emigrated to Argentina to avoid trials for war crimes. Several anti-Semitic groups emerged in the following decades and in 1994 the AMIA Jewish community center in Buenos Aires was bombed, killing 85 people and wounding hundreds. Reporting by Miguel Lo Bianco; Writing by Valentine Hilaire; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Victor Garelik, Osvaldo Mato, Marcos Cohen, Adolf Eichmann, Miguel Lo Bianco, Valentine Hilaire, Josie Kao Organizations: Argentine, Argentina's, Investigation Unit Department, National Socialist German Workers ' Party, Nazi, Delegation, Argentine Israelite Associations, Police, San, Thomson Locations: BUENOS AIRES, Buenos Aires, Libreria Argentina, San Isidro, Argentina, Latin America, Spain, Eastern Europe

REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Sept 13 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Wednesday said that while regulations on artificial intelligence were certainly needed, they should not be made "too fast." U.S. lawmakers want safeguards against potentially dangerous deepfakes such as bogus videos, election interference and attacks on critical infrastructure. KEY QUOTE"If you go too fast, you can ruin things," Schumer told reporters after organizing a closed-door AI forum bringing together U.S. lawmakers and tech CEOs. * Schumer told reporters there was consensus in the Wednesday meeting on the need for AI regulation. Reporting by Kanishka Singh in Washington; editing by Jonathan Oatis and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Chuck Schumer, Julia Nikhinson, Schumer, Elon Musk, Mark Zuckerberg, Sundar Pichai, Kanishka Singh, Jonathan Oatis, Josie Kao Organizations: Intelligence, U.S, Capitol, REUTERS, Rights, European Union, Renault, Thomson Locations: Washington , U.S, ChatGPT ., Meta, Washington

Sept 14 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The global policy picture, however, could be a lot clearer on Thursday when the European Central Bank delivers its latest rate decision. The Asian and Pacific economic data calendar has a few top-tier releases lined up for Thursday, including Australian unemployment, Japanese machinery orders, Indian wholesale inflation and Indian trade. Annual wholesale inflation in India is expected to be negative for a fifth straight month but continue moving further away from July's 4% deflation. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jamie McGeever, Josie Kao Organizations: Reserve, European Central Bank, Reuters, hawkish Bank of Japan, Apple, Commission, Wednesday, Thomson Locations: U.S, India, July's, China, Beijing, Australia, Japan

Giant cranes are seen at the Hanjin Shipping container terminal at Incheon New Port in Incheon, South Korea, September 7, 2016. REUTERS/Kim Hong-Ji Acquire Licensing RightsSept 13 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The real fireworks will come after Asian markets close, with the release of U.S. CPI for August. Annual core inflation is expected to ease to 4.3% from 4.7%, but headline inflation is predicted to rise to 3.6% from 3.2%. Year-on-year oil prices are now turning positive for the first time this year, something investors and policymakers could do without.

Persons: Kim Hong, Jamie McGeever, Brent, Kazuo Ueda, Josie Kao Organizations: Hanjin Shipping, Incheon New, REUTERS, U.S, CPI, Bank of Japan, Nikkei, Bank of America's, Thomson, Reuters Locations: Incheon, Incheon New Port, South Korea, Japan, China, Korea

☆ Drug kingpin El Chapo's wife Emma Coronel set to be released, say US authorities
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

Emma Coronel Aispuro, the wife of Joaquin Guzman, departs after the trial of Mexican drug lord Guzman, known as "El Chapo", at the Brooklyn Federal Courthouse, in New York, U.S., February 12, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 12 (Reuters) - Emma Coronel, the wife of imprisoned Mexican drug lord Joaquin "El Chapo" Guzman, will be freed in Los Angeles on Wednesday following her arrest in 2021 on drug trafficking charges, according to the U.S. Bureau of Prisons. It is not clear whether she faces charges for drug trafficking or other crimes inside Mexico. Coronel has two daughters with Guzman, whom she met when she was a young beauty queen and married in 2007 at age 18. Reporting by Lizbeth Diaz and Sarah Morland in Mexico City; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Emma Coronel Aispuro, Joaquin Guzman, Guzman, Brendan McDermid, Emma Coronel, Joaquin, El, Coronel, Lizbeth Diaz, Sarah Morland, Josie Kao Organizations: Brooklyn Federal, REUTERS, U.S . Bureau of Prisons, ., Prisons, Thomson Locations: Brooklyn, New York, U.S, Los Angeles, Sinaloa, Mexico's, Mexico, Mexico City

☆ Nike investors reject pay equity, human rights proposals
▼ + stars: | 2023-09-12 | by ( Katherine Masters | ) www.reuters.com time to read: +1 min

[1/2] The Nike swoosh logo is pictured on a store in New York City, New York, U.S., September 4, 2018. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - Nike investors voted against two shareholder-led proposals during the sportswear giant’s annual meeting on Tuesday, according to a preliminary tally by the company. One of the resolutions, filed by Massachusetts-based investment adviser Arjuna Capital, called on Nike to provide more data on pay equity for female and minority employees. The company will disclose the final vote tally in a future U.S. Securities and Exchange Commission filing. Arjuna’s resolution on pay equity reporting failed for the second time since 2021 despite backing from proxy advisory firm Institutional Shareholder Services, which in August recommended that investors vote for the proposal.

Persons: Carlo Allegri, Arjuna Capital, John Donahoe, Katherine Masters, Josie Kao Organizations: Nike, REUTERS, U.S . Securities, Exchange Commission, Services, Reuters, Thomson Locations: New York City , New York, U.S, Massachusetts, Cambodia, Thailand

View shows the site where the gigafactory for electric vehicle battery production by Volkswagen Group's battery company PowerCo SE will be built in St. Thomas, Ontario, Canada April 21, 2023. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsSept 12 (Reuters) - The Canadian government will take 20 years to recoup the combined C$28.2 billion ($21 billion) subsidies it is offering Volkswagen and Stellantis-LG Electric Solutions (STLAM.MI), to build two electric vehicle (EV) battery plants, the country's budgetary watchdog said on Tuesday. Parliamentary Budget Officer Yves Giroux projected that the combined revenue generated from the two plants would only match the production subsidies by 2043, if production starts in 2024. In May, Stellantis stopped constructing its EV battery plant in Windsor, Ontario, saying the Canadian government did not deliver on the committed subsidies. The dispute was resolved after two months of bargaining when the government agreed to provide subsidies similar to the one it gave Volkswagen.

Persons: Carlos Osorio, Yves Giroux, Justin Trudeau, Stellantis, Francois, Philippe Champagne, Urvi, Divya Rajagopal, Josie Kao Organizations: Volkswagen Group's, REUTERS, Canadian, Volkswagen, LG Electric Solutions, EV, LG Energy, Thomson Locations: St, Thomas , Ontario, Canada, Windsor , Ontario, Ontario, Bengaluru, Toronto

But for rights advocates, Biden's travels were a disappointment, given his administration's vow to prioritize human rights when taking office in 2021. The White House also unveiled a Vietnam Airlines purchase of 50 Boeing 737 Max jets worth $7.8 billion. Rights advocates fear a lack of focus on human rights, while not unexpected, will not only fail to improve conditions in Vietnam and India, but risk worsening them elsewhere. Reporters asked Biden in Vietnam if he was putting U.S. strategic interests above rights and replied: "I’ve raised it (human rights) with every person I met with." "As such, the Biden administration has tended to downplay or avoid human rights discussions," he said.

Persons: Joe Biden's, Biden's, Biden, Carolyn Nash, Narendra Modi's, HRW, Nash, John Sifton, Sifton, Modi, Vietnam's, Kurt Campbell, Campbell, Murray Hiebert, Vietnamese Communist Party Chief Nguyen Phu Trong, Lam, Derek Grossman, David Brunnstrom, Humeyra Pamuk, Don Durfee, Josie Kao Organizations: Vietnam Airlines, Boeing, Max, Amnesty International, Rights, Indian, Bharatiya Janata Party, Rights Watch, Vietnam, Communist Party, U.S, Biden, U.S ., Washington's Center, Strategic, International Studies, Vietnamese Communist Party Chief, RAND Corp, Thomson Locations: Vietnam, India, Washington, Hanoi, U.S, Asia, Pacific, China, Saudi Arabia

☆ Nike urged to backpay garment workers ahead of annual meeting
▼ + stars: | 2023-09-11 | by ( Katherine Masters | ) www.reuters.com time to read: +3 min

The investors want Nike to provide $2.2 million in allegedly unpaid wages to more than 4,000 workers at two suppliers in Cambodia and Thailand. The investor request could add more pressure to sportswear giant Nike (NKE.N), which is set to hold its annual shareholder meeting on Tuesday. Before the factory's closure in July 2020, Violet Apparel was owned by global textile manufacturer and Nike supplier Ramatex, according to WRC. WRC alleges that Violet Apparel made clothing for Nike as a subcontractor until 2020, citing what it said was testimony from factory workers and photographs taken inside the factory. Nike said it found "no evidence to support the claims" that Violet Apparel made Nike items after 2006.

Persons: John Donahoe, Kees Gootjes, Violet Apparel, Violet, Katherine Masters, Josie Kao Organizations: Nike, Reuters, Canadian, ABN AMRO, Washington, D.C, Workers Rights Consortium, Violet, Violet Apparel, Ramatex, WRC, Apparel, Hong Seng, Thomson Locations: Cambodia, Thailand

☆ Argentina August inflation forecast at highest since 1991
▼ + stars: | 2023-09-11 | by ( Hernan Nessi | ) www.reuters.com time to read: +2 min

Argentina was already battling annual inflation near 115%, which is driving a painful cost of living crisis and pushing people into poverty. "August was the worst month, I would say in the last 25 years of Argentina's economy," Sergio Massa, Minister of Economy and presidential candidate for the ruling Peronist bloc, said in a recent television interview. Reuters Graphics Reuters GraphicsThe survey of 28 analysts polled by Reuters forecast monthly inflation for August ranging from 9.3% to a maximum 12.9%. Analysts also predicted inflation would likely remain in double figures for September. Reporting by Hernan Nessi; Writing by Valentine Hilaire; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Javier Milei, Sergio Massa, Eugenio Mari, Hernan Nessi, Valentine Hilaire, Josie Kao Organizations: Index, Peronist, Reuters Graphics Reuters, Reuters, Argentina's National Institute of Statistics, T Economic Advisors, Libertad y Progreso Foundation, Thomson Locations: BUENOS AIRES, Argentina

[1/2] A man walks in front of the headquarters of Bank of Japan in Tokyo, Japan, January 18, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsSept 12 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. They now expect the central bank's 'yield curve control' policy to end in October, compared with April 2024, and for the negative interest rate policy to end in January 2024, versus December 2024. Beyond the Japanese policy drama, investors will also have the latest Indian inflation and industrial production data, and Australian business and consumer sentiment figures to digest on Tuesday. The currency is getting little support from the interest rate outlook - economists currently expect the RBI to keep rates on hold then start easing policy the second quarter of next year.

Persons: Issei Kato, Jamie McGeever, Kazuo Ueda, Josie Kao Organizations: Bank of Japan, REUTERS, of, Government Bond, Barclays, Deutsche Bank, Reserve Bank of India's, Bank, Thomson, Reuters Locations: Tokyo, Japan, Indonesian, Philippine, India, Australia, Korea

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