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☆ Death toll after landslides in Indian Himalayas rises to 57; 10 still missing
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] A damaged portion of Shimla-Kalka heritage rail track is pictured following torrential rain in Shimla in the northern state of Himachal Pradesh, India, August 15, 2023. REUTERS/StringerNEW DELHI, Aug 15 (Reuters) - Rescuers pulled out more bodies on Tuesday after landslides in India's Himayalas over the weekend buried homes and buildings, killing at least 57 people and leaving 10 still trapped or missing, officials said. The destruction from the landslides was severe in India's Himachal Pradesh, where structures were swept away under rocks and falling trees, roads had caved in, and power and the railway network disrupted. Two people also died in neighbouring Uttarakhand state in rain-related incidents. Heavy rain is forecast to continue until Wednesday in parts of Himachal Pradesh and neighbouring Uttarakhand.

Persons: Stringer, Sukhvinder Singh Sukhu, Praveen Bhardwaj, Bhardwaj, P.L, Sharma, Lata, Shivam Patel, Bernadette Baum Organizations: REUTERS, DELHI, Reuters, Thomson Locations: Shimla, Himachal Pradesh, India, India's Himayalas, Pakistan, Nepal, India's Himachal Pradesh, Uttarakhand, New Delhi

The lawsuit says Kennedy's screenplay and "Stranger Things" have several similarities in their characters, plot, dialogue and themes. Kennedy accused an artist who developed concept art for both his project and "Stranger Things" of sharing his work with the Duffer Brothers. Netflix and the makers of "Stranger Things" denied the allegations in court filings and said the stories are "objectively different" by "virtually every imaginable measure." "Most glaringly, Stranger Things features a core group of children who fight off evil monsters while navigating teenage social issues," the defendants said. The case is Irish Rover Entertainment LLC v. Sims, U.S. District Court for the Central District of California, No.

Persons: Ross, Matt Duffer, Mario Anzuoni, Jeffrey Kennedy's, Ross Duffer, Kennedy, Patrick Arenz, Robins Kaplan, Jeremy Osher, Boren Osher, David Grossman, Loeb, Kelly Klaus, Munger Tolles, Blake Brittain Organizations: REUTERS, Netflix, Rover Entertainment, Irish Rover, Irish Rover Entertainment, U.S, Central, Central District of, Luftman, Olson, Thomson Locations: Los Angeles , California, U.S, Los Angeles, Indiana, South Bend , Indiana, Central District, Central District of California, Washington

... Read moreAug 14 (Reuters) - Sony Music Entertainment (6758.T) has dropped a lawsuit against Triller over allegations the short-form video platform used the label's music without permission, according to a filing in Manhattan federal court. Sony Music and Triller told the court on Friday they would end the copyright case with prejudice, which means it cannot be refiled. Sony Music sued Los Angeles-based Triller last year. A Triller spokesperson said at the time that it had removed Sony Music's catalog from the platform, and the complaint "grossly mischaracterizes" their relationship. Triller later denied Sony Music's allegations in court.

Persons: Read, Triller, Britney Spears, Harry Styles, Janis Joplin, Blake Brittain, Chris Reese Organizations: Sony, Sony Music Entertainment, Sony Music, Los, Thomson Locations: Tokyo, Manhattan, Los Angeles, Washington

☆ China Renaissance says detained chairman cooperating with authorities in probe
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Fan Bao, founder, Chairman and CEO of China Renaissance Group, an investment bank led by one of the country’s most famed rainmakers, holds a news conference on its IPO in Hong Kong, China September 13, 2018. REUTERS/Bobby Yip/File PhotoAug 9 (Reuters) - China Renaissance Holdings (1911.HK) said on Wednesday that investigations against its chairman Bao Fan by certain authorities were being carried out with his cooperation. The probe is the latest in a series of high-profile Chinese executives going missing with little explanation during a sweeping anti-corruption campaign spearheaded by President Xi Jinping. The disappearance of Bao in February saw shares of the investment bank plunge as much as 50% and led the bank to suspend trading in the stock from April. China Renaissance also said it would delay its audited annual results.

Persons: Bao, Bobby Yip, Bao Fan, Xi Jinping, Xie Yi Jing, Wang Lixing, Roushni Nair, Arun Koyyur Organizations: China Renaissance Group, REUTERS, China Renaissance Holdings, HK, Economic Observer, Thomson Locations: Hong Kong, China, Bengaluru

☆ How the World Scout Jamboree descended into chaos in South Korea
▼ + stars: | 2023-08-09 | by ( Ju-Min Park | ) www.reuters.com time to read: +5 min

These were some of the conditions that about 40,000 teenage scouts had to contend with in the past week at the World Scout Jamboree, sending red-faced organisers in South Korea scrambling to fix matters before a looming typhoon forced everyone to leave the ill-fated campsite. As far back as 2017, when South Korea won the bid to host the jamboree, the campsite on reclaimed mud flats was seen as potentially problematic, according to a Reuters review of publicly available government reports. Matt Hyde, UK Scouts' chief executive, told Reuters the group decided to withdraw its contingent - the event's biggest - because toilets weren't being cleaned, rubbish was building up, and scouts weren't getting enough food. [1/5]Participants who left the camping site of the 25th World Scout Jamboree, arrive at a university in Incheon, South Korea, August 8, 2023. "South Korea has been known as a developed country so who would have thought that this country can't fix issues like bugs or toilets?"

Persons: Matt Hyde, weren't, Kim Soo, Kim Hyun, Hong Ki Yong, Josh Smith, Miral Organizations: South, FIFA, South Korea, Saemangeum Development, Investment Agency, Scouts, Reuters, REUTERS, WHO, University of Incheon, Thomson Locations: SEOUL, South Korea, West Virginia, North Jeolla, Incheon, Korea's, Busan, Korea

☆ Global investors skip Ant’s buyback after valuation slumps 70% - Bloomberg News
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

A sign of Antchain, the blockchain technology branch under Ant Group, is seen at Ant Group's booth during the World Artificial Intelligence Conference (WAIC) in Shanghai, China, July 8, 2021. REUTERS/Yilei Sun/File PhotoAug 7 (Reuters) - A number of global investors are opting out of Ant Group's (688688.SS) proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday. However, a few money managers, including Fidelity Investments and T. Rowe Price Group, have agreed to sell their shares, the report added. In July, Ant Group announced a surprise share buyback of up to 7.6% of its equity interest at a price that represents a group valuation of about 567.1 billion yuan ($78.68 billion). Ant Group, Warburg Pincus, GIC, Fidelity Investments and T. Rowe Price Group did not immediately respond to Reuters' request for comment.

Persons: Ant Group's, Warburg Pincus, Rowe Price, Nilutpal, Varun Organizations: Ant, Artificial Intelligence, REUTERS, Yilei, Bloomberg, Plan Investment, Carlyle Group, Fidelity Investments, Rowe Price Group, Ant Group, GIC, Reuters, Thomson Locations: Shanghai, China, Canada, Bengaluru

☆ Greek soccer fan dies as soccer fans clash in Athens
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

ATHENS, Aug 8 (Reuters) - A 22-year-old fan died on Tuesday after being seriously injured in violence among fans of AEK Athens and Dinamo Zagreb soccer clubs in Athens, semi-state Athens News Agency reported on Tuesday. The man was stabbed several times in clashes among fans of both clubs outside AEK's football pitch in Nea Philadelphia late on Monday, a police official said. Police said 100 to 120 Dinamo Zagreb fans showed up late on Monday near the AEK stadium, and where AEK fans had gathered. A UEFA Champions League qualifying-round match between AEK and visiting Dinamo Zagreb is scheduled to take place at AEK's stadium on Tuesday. Greek soccer has been plagued by violence on and off the pitch and authorities have repeatedly promised to clean up the game.

Persons: Angeliki Koutantou, Gerry Doyle Organizations: AEK Athens, Dinamo Zagreb, Athens News Agency, Police, AEK, UEFA Champions League, Thomson Locations: ATHENS, Athens, Nea Philadelphia, AEK's

☆ Iraq bans media from using term ‘homosexuality’, says they must use ‘sexual deviance’
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

An Iraqi national flag is seen near Iraqi embassy ahead of a demonstration in Stockholm, Sweden July 20, 2023. TT News Agency/Caisa Rasmussen via REUTERS/File PhotoAug 8 (Reuters) - Iraq's official media regulator on Tuesday ordered all media and social media companies operating in the Arab state not to use the term "homosexuality" and instead to say "sexual deviance," the regulator said. The Iraqi Communications and Media Commission (CMC) said in a statement that the use of the term "gender" was also banned. It prohibited all phone and internet companies licensed by it from using the terms in any of their mobile applications. The regulator "directs media organisations ... not to use the term 'homosexuality' and to use the correct term 'sexual deviance'," the Arabic-language statement said.

Persons: Caisa Rasmussen, Timour Azhari, Omar Abdel, Angus MacSwan Organizations: TT News Agency, REUTERS, Iraqi Communications and Media Commission, Thomson Locations: Iraqi, Stockholm, Sweden, Iraq, Denmark, Razek, Cairo

Fifteen employees have been put on leave in Portugal, France and the United States since news broke about the probe, which is currently limited to Portugal, said Drahi. Pressed by analysts on the call to lay out the role and extent of Pereira's involvement within the Altice group, Drahi said Pereira, whom he hired in 2003, had not held any stake in any Altice entity since 2005. Altice International, the entity that owns telecoms firm PT Portugal, is owned by Drahi's personal holding Next. The other two entities are Altice USA and Altice France, home to France's second biggest telecoms firm SFR. The debt has come under further pressure since Pereira's July detention, with longer-term debt issued by Altice France trading around 80 cents to the euro while those of Altice France Holding trade around 40 cents to the euro.

Persons: Patrick Drahi, Violeta Santos Moura, Drahi, Armando Pereira, Pereira, Altice, Mathieu Rosemain, Yoruk Bahceli, Ingrid Melander, Silvia Aloisi, Conor Humphries Organizations: French, REUTERS, Altice, PT Portugal, Altice International, Thomson Locations: Paris, France, Portugal, United States, Altice France

By increasing the degree of risk attributed to certain assets, the proposed rules would require banks to hold proportionately more capital, potentially eating into returns on equity and profits. Making such lending more expensive will shrink credit available to historically under-served borrowers, something the industry is likely to fight, he said. Chen Xu, an attorney in the financial institutions group at Debevoise & Plimpton, said the new rules viewed high-revenue business lines as higher risk. Morgan Stanley (MS.N) analysts say the largest banks may take up to four years to set aside profits to comply with the new capital rules. Dennis Kelleher, head of the financial reform advocacy group Better Markets, said the banking industry had made similar complaints in the past which he believed had proven unfounded.

Persons: Mike Segar, Joe Saas, Chen Xu, Plimpton, Michael Barr, JPMorgan Chase, Jamie Dimon, Wells Fargo, Kevin Stein, Morgan Stanley, Richard Ramsden, Goldman Sachs, Ramsden, Dennis Kelleher, Douglas Gillison, Tatiana Bautzer, Nupur Anand, Saeed Azhar, Megan Davies, Anna Driver Organizations: Wall, New York Stock Exchange, REUTERS, Industry, Financial Services, Bank Policy Institute, Securities Industry, Financial Markets Association, Debevoise, JPMorgan, CNBC, Citigroup, Bank of America, Klaros Group, Banking Supervision, Better, Thomson Locations: Manhattan, New York City , New York, U.S, Washington, Wells, Basel

☆ Amazon Frankfurt-listed shares surge, Apple slides after results
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, November 25, 2022. REUTERS/Benoit Tessier/File PhotoLONDON, Aug 4 (Reuters) - Amazon (AMZN.O) shares surged on Friday in Frankfurt trading after the company issued an upbeat outlook for the third quarter, while Apple's German-listed shares (AAPL.O) fell after the company forecast a continued slide in sales. Amazon jumped 8.5% on the German market, echoing the steep rise in extended U.S. trading on Thursday after the company reported sales growth and profit that beat Wall Street's expectations, thanks to faster, cheaper deliveries to customers and to the recent headwinds in cloud-computing beginning to subside. Apple shares fell 2.3% in Frankfurt after the iPhone maker on Thursday forecast that a sales slump would continue into the current quarter, which sent shares down in after-hours trading despite beating Wall Street sales and profit targets in the fiscal third quarter. (This story has been refiled to remove extraneous words in paragraph 3)Reporting by Joice Alves; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Joice Alves, Amanda Cooper Organizations: REUTERS, Amazon, Apple, Wall, Thomson Locations: Bretigny, Paris, France, Frankfurt

Pope Francis gestures on the day he meets with aid and charity representatives at "Centro Paroquial de Serafina" during his apostolic journey to Portugal on the occasion of the XXXVII World Youth Day, in Lisbon, Portugal, August 4, 2023. REUTERS/Violeta Santos MouraLISBON, Aug 4 (Reuters) - Pope Francis visited a Church-run social centre in a low-income Lisbon neighbourhood Friday, urging young people to shun "distilled," orderly lives where everything seems perfect but to "get your hands dirty" by helping the needy. "Tangible love is that which gets its hands dirty," he said. The 86-year-old pope is in Lisbon for the Catholic Church's World Day of Youth festival, which ends on Sunday. "Through your actions, your commitment, by getting your hands dirty, by touching the reality and misery of others, you are creating inspiration, you are generating life," he said.

Persons: Pope Francis, Violeta Santos Moura, Vincent de Paul, Francis, Amelia Grantham, Grantham, Philip Pullella, Louise Heavens Organizations: Centro, REUTERS, Violeta Santos Moura LISBON, Catholic, Thomson Locations: Portugal, Lisbon, Serafina, Spain, Italy, Guatemala, Birmingham, England

☆ Ukrainian orphans taste freedom after fleeing Russian occupation
▼ + stars: | 2023-08-04 | by ( Stefaniia Bern | ) www.reuters.com time to read: +4 min

"There was no ping pong in occupation, children don't even play soccer in the stadiums. Last month, their father finally died of AIDS, the same illness that killed their mother a decade ago, leaving them orphans. Moscow says it has gathered hundreds of thousands of orphans and vulnerable children there, taking them to Russia for their safety. Children whose parents die are the most urgent cases, because the Russian-installed occupation authorities will swiftly impose legal guardianship, said Save Ukraine's founder, Mykola Kuleba. Once they have Ukrainian passports sorted, they will go stay with their late father's ex-wife, now a refugee in Slovakia.

Persons: Ilona Pavliuk, Maksym, Ilona, didn't, tugging absentmindedly, haven't, Vladimir Putin, Putin, Mykola Kuleba, Peter Graff, Philippa Fletcher Organizations: REUTERS, KYIV, Valera, International Criminal Court, Save, Ukraine, Dnipro, Thomson Locations: Kyiv, Ukraine, Belarus, Vladyslav, Nova Kakhovka, Pishchane, Dnipro, Russia, Russian, Moscow, Hague, Save Ukraine, Slovakia, Ukrainian

The two-day Reuters/Ipsos poll asked respondents if they would vote for Trump for president next year if he were "convicted of a felony crime by a jury." The new poll showed that Republicans broadly sympathize with Trump's accusations of political persecution. Seventy-five percent of Republican respondents agreed with a statement that the charges against Trump were "politically motivated." Republican respondents also described themselves as more likely to withhold their votes on Election Day from an unnamed convicted felon than one named Donald Trump. The Reuters/Ipsos poll was conducted nationwide, gathering responses online from 1,005 U.S. adults.

Persons: Donald Trump, Lindsay DeDario, Trump, Joe Biden, Ron DeSantis, DeSantis, Jason Lange, Scott Malone, Grant McCool Organizations: U.S, Republican, REUTERS, Reuters, Trump, U.S . Department of Justice, Democratic, Thomson Locations: Erie , Pennsylvania, U.S, New York, Florida

☆ Website creator Wix.com raises 2023 estimates after large Q2 beat
▼ + stars: | 2023-08-03 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

The Israeli company said on Thursday it had earned $1.38 per share excluding one-time items in the April to June period, compared with a loss of 14 cents per share a year earlier. Wix was forecast to earn 60 cents excluding one-time items on revenue of $383 million, according to Refinitiv I/B/E/S data. Wix projected third-quarter revenue of $386 million to $391 million, representing annual growth of up to 13%. It also raised its full-year 2023 revenue estimate to $1.543 billion to $1.558 billion - 11-12% growth - from $1.522 billion to $1.543 billion. "We're proud of being an Israeli company," he said.

Persons: Refinitiv, Lior Shemesh, Wix, Shemesh, Nir Zohar, Zohar, Steven Scheer, Jane Merriman, Jan Harvey Organizations: Revenue, Nasdaq, Thomson Locations: Israel, Delaware, Israeli

☆ Japan asks X to take down fake account of top FX diplomat as yen weakens
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. In a rare English-language post on X, the ministry said "Please don’t follow the impersonation account and/or comment on the post", saying such an X account purportedly belonging to Kanda or his staff did not exist. loading"MOF is currently requesting that X (formerly Twitter) suspends the impersonation account. The fake account, which follows about 5,000 users and was followed by little more than 550, has made no remarks about the yen or financial markets. (This story has been refiled to clarify that the fake account had made five, not four, posts to date in paragraph 4)Reporting by Kantaro Komiya; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, Masato Kanda, Kanda, Japan's, Kantaro Komiya, Kim Coghill Organizations: REUTERS, Japan's Ministry of Finance, Bank of Japan's, U.S ., BOJ, Thomson Locations: San Francisco , California, U.S, Kanda, Ukraine

REUTERS/Remo CasilliPARIS, Aug 2 (Reuters) - The first military planes carrying mostly European nationals evacuated from Niger landed in Paris and Rome on Wednesday, with France and other countries expected to fly more of their citizens out of the West African country after last week's coup. With the risk of conflict escalating, France, the former colonial power, Italy and Spain said they would evacuate citizens by air. The first French flight left Niger on Tuesday evening and landed in Paris early on Wednesday with 262 people on board, according to Reuters journalists there. An Italian military plane carrying 87 evacuees from Niger arrived in Rome early on Wednesday, according to Reuters journalists at the airport. The United States, Germany, and Italy also have troops in Niger on counter-insurgency and training missions.

Persons: Remo Casilli PARIS, Niger's, Mohamed Bazoum, Charles, Manuel Ausloos, Antonio Denti, Remo Casilli, Shivani, Michel Rose, Sandra Maler, Robert Birsel Organizations: Ciampino, REUTERS, Reuters, Thomson Locations: Niger, Rome, Italy, Paris, France, West, Central Africa, Spain, Italian, Britain, Hungary, Senegal, Nigeria, Mali, Burkina Faso, United States, Germany, Shivani Tanna, Bengaluru

☆ Hero MotoCorp raises new Harley-Davidson prices in India
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

A Harley Davidson X440 bike is displayed in this handout image obtained by Reuters on July 18, 2023. Hero MotorCorp/Handout via REUTERS/File PhotoBENGALURU, Aug 2 (Reuters) - Two-wheeler maker Hero MotoCorp (HROM.NS) on Wednesday raised prices of the new Indian Harley-Davidson motorcycle by 10,500 rupees ($127.45) days after the Harley chief executive said pre-orders of the new model exceeded the company's expectations. The Harley-Davidson X440 will be priced at 239,500 rupees ($2,905.06) and above, with the hike applicable for all its variants, Hero said in a statement. Triumph had crossed more than 14,000 in bookings last month, while Hero or Harley did not disclose their booking numbers. Hero shares were down as much as 2.6% in morning trade on Wednesday, while the U.S.-listed Harley-Davidson (HOG.N) shares closed 0.2% lower on Tuesday.

Persons: Harley Davidson, Hero MotorCorp, MotoCorp, Davidson, Harley, Hero, We've, Jochen Zeitz, Kashish Tandon, Dhanya Ann Thoppil Organizations: Reuters, REUTERS, Harley, Hero, British, Triumph, Bajaj Auto, Thomson Locations: Handout, BENGALURU, India, U.S, Bengaluru

☆ U.S. fast-food chains add automation to boost speed
▼ + stars: | 2023-08-02 | by ( Kailyn Rhone | ) www.reuters.com time to read: +3 min

With mass shortages of low-cost labor due to the pandemic, chains shifted to technology investments in their kitchens to fill the gap. The addition of automation tools in restaurant chains could cut down on wait times, driving higher consumer engagement and increasing sales for the rest of the year, restaurant executives say. Thirty-six percent of 1,000 U.S. people told HungerRush in a survey in May that they believed major restaurant chains don’t have enough staff to take orders, prepare food, and handle deliveries. Last year, Domino's Pizza Enterprises announced an automated pizza prep device in partnership with Picnic Works, a Seattle-based food-automation startup. "Anytime there's new automation, it creates new kinds of jobs," said Gaurav Kachhawa, chief product officer at Gupshup, a conversational messaging platform.

Persons: Carlo Allegri, Rachel Ruggeri, HungerRush, Aaron Nilsson, Chipotle, Brian Niccol, Domino's, Gaurav Kachhawa, It's, Jonathan Oatis Organizations: REUTERS, Siren, Starbucks, National Restaurant Association, Society, Pizza Enterprises, Picnic, Kailyn, Thomson Locations: Manhattan, New York City , New York, U.S, Michigan, Colorado, Houston, Seattle, Indiana, Indiana , Illinois, Wisconsin

☆ FACTBOX Justin and Sophie Trudeau: love and separation
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Newlyweds Justin Trudeau, son of the late Prime Minister Pierre Elliot Trudeau and Sophie Gregoire wave as they drive off in his father's 1959 Mercedes 300SL following their wedding ceremony, in Montreal, May 28, 2005. REUTERS/Christinne Muschi/File PhotoOTTAWA, Aug 2 (Reuters) - Canadian Prime Minister Justin Trudeau and his wife Sophie Gregoire Trudeau unexpectedly announced their separation on Instagram on Wednesday, likely marking the end of the couple's 18-year high-profile marriage. Trudeau, 51, and Gregoire Trudeau, 48, got married in May 2005. Ten years later, Trudeau became prime minister, landing the sharply-dressed couple in world media's spotlight. Gregoire Trudeau was a former entertainment journalist and had known Trudeau since childhood.

Persons: Justin Trudeau, Pierre Elliot Trudeau, Sophie Gregoire, Mercedes 300SL, Christinne, Sophie Gregoire Trudeau, Trudeau, Gregoire Trudeau, Pierre Elliott Trudeau, Xavier, Ella Grace, Sophie, we've, Ismail Shakil, Marguerita Choy Organizations: REUTERS, OTTAWA, Canadian, Global News, Thomson Locations: Montreal, Canadian

☆ Morning Bid: August cools Wall St stocks
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +4 min

China's factory underperformance stood out once again and underlined its struggling recovery - perhaps the main driver of stalling industrial activity everywhere. With markets increasingly impatient at the patchy and underwhelming economic stimulus plans seen from Beijing so far, China stocks fell back (.CSI300), bucking Tuesday's wider Asia stocks rally. Sterling and UK stocks (.FTMC) fell back. Ride-hailing giant Uber's stock rose more than 2% before the bell and ahead of its earnings report. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, underperformance, Austan Goolsbee, Goolbee, Stanley Black, Decker, Zimmer Biomet, Revvity, Bernadette Baum Organizations: Federal Reserve, U.S ., Chicago Fed, Bank of England, Sterling, AMD, Caterpillar, Big Pharma, Pfizer, Merck, Ride, HSBC, BP, Uber, Prudential Financial, AIG, Starbucks, Molson Coors, Boston Properties, Caesars Entertainment, Illinois Tool, Natural Resources, Energy, Devon Energy, Gartner, Allstate, Paycom Software, Electronic, WEC, Rockwell, Public Service Enterprise, P Global, Dallas Fed, Chicago Federal, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Wall, Beijing, China, Asia, ., Marathon, Eaton, Altria, Marriott, Illinois, Progressive

☆ US reviews record number of foreign investment transactions in 2022
▼ + stars: | 2023-07-31 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, July 31 (Reuters) - A U.S. government committee on foreign investments reviewed a record number of proposed transactions in 2022, the Treasury Department said Monday. Chinese investors filed 36 so-called "covered notices" seeking green lights for deals in 2022, compared with 44 in 2021 and 17 in 2020. CFIUS said "transactions reviewed by CFIUS, including the technology being invested in, are increasingly complex and result in more national security agreements to resolve the risks identified." Most foreigners seeking to take even non-controlling stakes in U.S. companies must seek approval from CFIUS, a powerful Treasury-led committee that reviews transactions for national security concerns and can block them. CFIUS opened 162 investigations in 2022, compared with 130 in 2021.

Persons: CFIUS, Joe Biden, Donald Trump, David Shepardson, Gerry Doyles Organizations: U.S, Treasury Department, Foreign Investment, Treasury, Thomson Locations: United States, U.S, China

REUTERS/Guglielmo Mangiapane/File PhotoSummaryCompanies Breaks previous record set in July 2019, by 0.2CHeatwaves searing Europe, North America and ChinaEarth may not have been this hot in 120,000 years - studyJuly 27 (Reuters) - July 2023 is set to upend previous heat benchmarks, U.N. Secretary-general António Guterres said on Thursday after scientists said it was on track to be the world's hottest month on record. Short of a mini-Ice Age over the next days, July 2023 will shatter records across the board," Guterres said in New York. It is statistically robust," said Piers Forster, a climate scientist at Leeds University in Britain. July is traditionally the hottest month of the year, and the EU said it did not project August would surpass the record set this month. However, scientists expect 2023 or 2024 will end up as the hottest year in the record books, surpassing 2016.

Persons: Guglielmo Mangiapane, 0.2C, António Guterres, Guterres, Karsten Haustein, Michael Mann, Haustein, Piers Forster, Friederike Otto, El Nino, “, Gloria Dickie, Ali Withers, David Stanway, Mark Heinrich, Alison Williams Organizations: REUTERS, Meteorological Organization, WMO, Germany's Leipzig University, University of Pennsylvania, Southern, Leeds University, Grantham Institute, El Nino, El, Thomson Locations: Italy, Rome, Europe, North America, China, New York, Rhodes, U.S, Leipzig, Britain, U.S ., California, France, Spain, Germany, Poland, Sicily, Florida, Australia, South Korea, Japan, India, Pakistan, London, Pacific, EU, London , Ontario, Copenhagen, Singapore

The loss was a result of the closure of its Russian operations in the wake of Moscow's invasion of Ukraine. The previous margin record was set in the second-half of 2017, when it stood at 7%. Renault aims to reach an 8% margin by 2025 and 10% by 2030. The French carmaker on Wednesday agreed with Nissan (7201.T) on a new structure for their decades-old partnership. The Japanese group will invest up to $663 million in Renault's planned electric unit Ampere, while the French carmaker will reduce its Nissan stake to put their relationship on equal footing.

Persons: Luca de Meo, Victor Goury, Gilles Guillaume, Kirsti Knolle, Sharon Singleton Organizations: Renault, TECH Electric, Peugeot, Citroen, Nissan, Volkswagen, Thomson Locations: Dacia, Ukraine, French

☆ Macquarie flags lower quarterly profit as commodities arm flounders
▼ + stars: | 2023-07-27 | by ( Harish Sridharan | ) www.reuters.com time to read: +2 min

Macquarie's Commodities and Global Markets (CGM) unit, its biggest earner, has for several years cashed in on increasing hedging activity amid volatility in oil and gas markets. That had driven the Sydney-based firm's annual earnings to a record A$5.18 billion ($3.53 billion) in fiscal 2023 ended March. While Macquarie did not disclose a profit figure in its quarterly update, Citi Research had expected first-quarter earnings of around A$1 billion ($680.90 million). The analysts noted, however, that Macquarie's earnings may have come in below that. At the end of the quarter, Macquarie's capital surplus stood at A$10.8 billion.

Persons: Shemara Wikramanayake, Macquarie, Harish Sridharan, Navya Mittal, Echha, Subhranshu Sahu, Christopher Cushing Organizations: Macquarie, Citi, Macquarie Group, Macquarie's Commodities, Global Markets, Citi Research, Thomson Locations: Sydney, Bengaluru

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