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Ball Corp considers options for aerospace unit
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: 1 min
June 20 (Reuters) - Ball Corp (BALL.N), the world's largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was looking to sell the unit for more than $5 billion. The business has attracted the interest of large defense companies such as BAE Systems (BAES.L) and Textron (TXT.N), as well as private equity firms, the Reuters report had said. There is no certainty that any formal decision will be made, Ball Corp said in a statement on Tuesday. The divestment of the aerospace business, which accounted for 13% of Ball's consolidated net sales in 2022, would allow the company to focus more on its beverage packaging operations and trim its debt pile of about $9.7 billion. Reporting by Shivansh Tiwary in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Shivansh, Shinjini Organizations: Ball Corp, BAE Systems, Textron, Reuters, Thomson Locations: Bengaluru
The Hindu Kush Himalaya stretches 3,500 km (2,175 miles) across Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Nepal and Pakistan. At 1.5 degrees Celsius or 2C of warming above preindustrial temperatures, glaciers across the entire region will lose 30% to 50% of their volume by 2100, the report said. At 3C of warming — what the world is roughly on track for under current climate policies — glaciers in the Eastern Himalaya, which includes Nepal and Bhutan, will lose up to 75% of their ice. THE FULL PICTUREScientists have struggled to assess how climate change is affecting the Hindu Kush Himalaya. “We have a better sense of what the loss will be through to 2100 at different levels of global warming.”LIVELIHOODS AT RISKWith this newfound understanding comes grave concern for the people living in the Hindu Kush Himalaya.
Persons: Tika Gurung, “ We’re, we’re, , Philippus Wester, Wester, Tobias Bolch, , “ We’ve, Amina Maharjan, Gloria Dickie, Frances Kerry Organizations: Integrated Mountain Development, United, , Graz University of Technology, Thomson Locations: Langtang, Nepal, 1.5C, Asia’s, Kathmandu, Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Pakistan, North, Rocky, United States, it’s, Austria, Wester, , London
A report revealed new details on Jeffrey Epstein's personal ties with ex-JPMorgan exec Jes Staley. Epstein offered to help Staley's daughter apply to Columbia, the Wall Street Journal reported. Jeffrey Epstein offered to help former JPMorgan executive Jes Staley's daughter nab an acceptance to one of Columbia University's doctorate programs, according to a report by The Wall Street Journal. Epstein offered to connect Staley with Columbia University's president at the Davos World Economic Forum in 2011, the report said, according to The Journal. Lawyers for Staley have denied the allegations against him to the Wall Street Journal.
Persons: Jeffrey Epstein's, Jes Staley, Epstein, Jeffrey Epstein, Jes Staley's, Staley, , didn't, Mary Erdoes Organizations: ex, JPMorgan, Wall Street Journal, US Virgin Islands, Morning, nab, Columbia, The Journal, Staley, Economic, US Virgin, Little Saint, Wall Street, The Locations: Columbia, Davos
Scope Ratings sees a 0.8% contraction in Russia's economy this year, Reuters reported. This is as the country's average inflation sits at 6%, made worse by a serious labor shortage. That's as the Kremlin has turned to a total war economy: it has spent around 5% of Russia's GDP on the Ukraine war, while pushing for increased military production. Meanwhile, the agency also warned that Russia's war will prevent it from addressing pre-existing problems with the economy, such as weak investing, low productivity growth, and a declining population. Meanwhile, the Russian government is projecting 1.2% growth, an estimate recently outpaced by President Vladimir Putin's own forecasts of 2%, Reuters reports.
Persons: , Vladimir Putin's Organizations: Reuters, Service, Kremlin, International Monetary Locations: Ukraine, Russian
June 20 (Reuters) - Music streaming platform Spotify Technology (SPOT.N) is planning a more expensive subscription option that is expected to include high-fidelity audio, Bloomberg News reported on Tuesday. The new tier, called "Supremium" internally, will be the company's most expensive plan as it aims to drive more revenue and placate investors who have been urging the Swedish company to raise prices, the report said. The company announced the HiFi feature, which upgrades sound quality of the songs to "lossless" CD-quality music, in 2021. To augment its current premium tier, Spotify will give subscribers expanded access to audiobooks, either through a specific number of hours free per month or a specific number of titles, the report said. The new tier will launch this year in non-US markets first, the report added.
Persons: Chavi Mehta, Shailesh Organizations: Spotify, Bloomberg, Thomson Locations: Swedish, United States, Bengaluru
When a Tesla vehicle has this mode enabled, it eliminates what owners of the cars refer to as the "nag." The researcher has nicknamed the feature "Elon Mode," but that is not the company's internal nomenclature for it, he said. Instead, Tesla driver assistance systems require a human driver to remain attentive and ready to brake or steer at any moment. Typically, when a Tesla driver is using Autopilot or FSD (or their variations), a visual symbol blinks on the car's touchscreen to prompt drivers to apply resistance to the steering wheel at frequent intervals. If the driver does not grasp the steering wheel, the nag escalates to a beeping noise.
Persons: Tesla, Elon Musk, Musk, Elon, GreentheOnly Organizations: Tesla, CNBC, FSD Beta, National, Traffic Safety, NHTSA Locations: Austin , Texas, United States, U.S
New York CNN —Americans got less generous in 2022, as soaring inflation and the slumping stock market took a significant toll on charitable giving. When adjusted for inflation, giving in 2022 fell 10.5%. Notably, the S&P 500 plummeted toward the end of the year, when a large share of charitable giving takes place. Generous giving early in the pandemicLast year’s drop in donations comes after two very strong years of charitable giving. In 2022, individuals, who provide the largest share of giving, curtailed their donations even before adjusting for inflation.
Persons: Indiana University Lilly, , Amir Pasic Organizations: New, New York CNN, USA, Indiana University, Indiana University Lilly Family School of Philanthropy Locations: New York, Ukraine
OpenAI plans app store for AI software, The Information reports
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +1 min
June 20 (Reuters) - OpenAI, creator of the widely popular chatbot ChatGPT, plans to launch a marketplace that will allow developers to sell their AI models built on top of its own AI technology, news site the Information reported on Tuesday, citing people with knowledge of discussions at the company. According to the news report, makers of such models could offer them to other businesses through OpenAI's proposed marketplace. OpenAI CEO Sam Altman disclosed the potential plans during a meeting with developers in London last month, the report said. Such a marketplace could compete with app stores run by some of the company's customers and technology partners - including Salesforce (CRM.N) and Microsoft (MSFT.O) - and help OpenAI's technology reach a broader customer base. Companies are also racing to offer their customers new tools and capabilities based on the AI software's advanced large language models (LLMs).
Persons: Sam Altman, OpenAI, Yuvraj Malik, Pooja Desai Organizations: Enterprise, Microsoft, Khan Academy, Thomson Locations: London, Bengaluru
June 20 (Reuters) - Women representing their nations to qualify for the soccer World Cup are risking their safety on poor quality pitches, and many are playing for no pay, according to a poll released on Tuesday by the global body that represents players. Nearly 30% of international women soccer players polled for the FIFPRO report said that they have been playing for nothing, while two-thirds said they had to take unpaid leave from their jobs to represent their country in confederation championships. "FIFPRO firmly calls on the industry to take a closer look at the qualification processes in each of the six Confederations." FIFPRO also called for all six confederations to hold separate qualifying matches for the Women's World Cup. Reporting by Amy Tennery in New York Editing by Peter Graff Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
Persons: FIFPRO, Mallory Swanson, Janine Beckie, Leah Williamson, Amy Tennery, Peter Graff Organizations: Confederations, UEFA, Thomson Locations: Australia, New Zealand, England, New York
The report found that glaciers in the Hindu Kush and Himalaya mountain range region melted 65% faster in the 2010s compared with the previous decade, which suggests higher temperatures are already having an impact. With between 1.5 to 2 degrees Celsius of warming, the world’s highest mountain region stands to lose 30% to 50% of its volume by 2100, the latest report said. Glaciers in the Hindu Kush and Himalaya mountain range region are melting faster than expected. Courtesy Jitendra Raj Bajracharya/ICIMODRapid warming and glacial meltAbout 240 million people live in the Hindu Kush Himalaya region, many of their cultures dating back thousands of years, and another the 1.65 billion live downstream. “The glaciers of the Hindu Kush Himalaya are a major component of the Earth system.
Persons: Saleemul Huq, Bajracharya, Amina Maharjan, Maharjan, yaks, , Izabella Koziell Organizations: Hong Kong CNN, International Centre, Integrated Mountain Development, World Meteorological Organization Scientists, International Locations: Hong Kong, Nepal, Afghanistan, Myanmar, China, India, Pakistan, Bhutan, Bangladesh, Asia, Murree Hills
June 19 (Reuters) - Silicon Valley Bank's customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The Wall Street Journal reported on Monday. According to the report, when SVB failed in March, the FDIC stepped in to protect all of the California bank's U.S. deposits and arranged a sale of the lender's U.S. customer accounts, branches and loans to First Citizens Bancshares. SVB, FDIC and First Citizens Bank did not immediately respond to a request for comment. California regulators shuttered Silicon Valley Bank in March and First Citizens BancShares (FCNCA.O) purchased the bank with the help of FDIC in a deal that drained $20 billion from an insurance fund financed by banks and run by the government. Reporting by Tiyashi Datta in Bengaluru Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: SVB, Tiyashi Datta, Marguerita Choy Organizations: U.S . Federal Deposit Insurance Corp, First Citizens Bank, Street, FDIC, California bank's, Bank, Thomson Locations: Asia, California bank's U.S, U.S, Cayman Islands, China, Singapore, California, Bengaluru
Student-loan payments, and interest, have been on pause for over three years. Interest has been a key driver of surging student-loan balances due to capitalization. "I feel like I've actually been responsible, and I've paid a considerable amount of money on my student loans," Wise said. "The only policy that has ever ended this debt cycle is the repayment pause, and the cycle is all but guaranteed to restart once the repayment pause comes to an end." "It would be political malpractice to have students repay student loans under Biden when Trump provided the relief," California Rep. Ro Khanna told The Washington Post.
Persons: , David Wise, I've, Wise, Miguel Cardona, Joe Biden, Biden, " Cardona, Trump, Ro Khanna Organizations: Service, Education Department, Supreme, Jain, Institute, Federal Student Aid, Congress, Democratic, Biden, Washington Post Locations: California
CNN —Monitoring software that uses artificial intelligence (AI) found almost 20,000 abusive social media posts were aimed at players, officials and coaches during the Qatar World Cup, according to a new report released by FIFA. In total, 20 million posts and comments were analyzed across all major social media platforms, successfully verifying the identity of 306 account owners that sent abusive messages. In total, 434,000 posts were flagged by AI and reviewed by humans, the report said, with the abusive messages coming from 12,600 different accounts. It hurts our families.”Of the abusive messages, 38% came from Europe, 36% from South America, 10% from Asia, 8% from Africa and 8% from North and Central America. When grouped together by country – all players, teams and official member association social media handles – France received the most abuse, with England in second and Brazil third.
Persons: , FIFPro –, , Mark, Anthony Kaye, It’s, Harry Kane, Kellyn Acosta Organizations: CNN, Monitoring, Qatar, FIFA, Canada Men’s National Team, England, France, Men’s National Locations: Canada, Europe, South America, Asia, Africa, North, Central America, France, Brazil, England
The Dar Masalit report accuses the RSF and allied Janjaweed militias of the killings and other crimes, as published by the sultanate. The Darfur Bar Association (DBA) said Monday that two more members of the organization have been killed in West Darfur by the RSF and their militias, without specifying the day of the reported killings. The report cited the neighborhoods that came under the most fire, including Al Jamarek, Al Buhaira, Al Thawrah, Al Tadamon, Al Madaris, Al Mansoura, and Al Jabal among others. CNN cannot independently verify all incidents as outlined in the Dar Masalit report. But CNN has confirmed and reported on thousands of civilians fleeing Geneina and West Darfur.
Persons: CNN —, El, Dar, , , Masalit, Health Haitham Ibrahim, Ibrahim, Khamis Abbaker, Tariq Hassan Yaqoub Al, Malik, Sadiq Muhammad Ahmed Haroun, El Geneina, Abdel, Rahman Gumma, , Gumma, General Antonio Guterres, Al Jamarek, Al Buhaira, Al Thawrah, Al Tadamon, Al Madaris, Al Mansoura, Jabal, CNN geolocated, El Geneina “, , Geneina, haven’t Organizations: CNN, Rapid Support Forces, Sudanese Armed Forces, SAF, Darfur Victims Solidarity Association, Strategic Initiative, Women, Health, West Darfur, Darfur Bar Association, Al, United Nations Mission, Twitter, UN Human Rights, Dar, US Locations: Darfur, Sudan, North Darfur, North Darfur’s, West Darfur’s, El Geneina, West Darfur, Chad, , Horn of Africa, Saudi, Khartoum, West, El, Geneina, , Dar, Chadian, Adré, Saudi Arabia
Companies AstraZeneca PLC FollowJune 18 (Reuters) - Drugmaker AstraZeneca (AZN.L) is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday. The company would seek to be a patriotic company in China that "loves the Communist Party", its China president said in May. Last year, the country accounted for 13% of AstraZeneca's total sales, and the company is China's biggest drugmaker. The spin off could protect AstraZeneca from tensions between China and other global powers, while the company retained control of the business, the FT's report said. AstraZeneca said it did not comment on "rumours or speculations around future strategy or M&A."
Persons: Bharat Govind Gautam, Rishabh Jaiswal, Chris Reese, Diane Craft Organizations: AstraZeneca, Financial Times, Communist Party, Thomson Locations: China, Hong Kong, Shanghai, Bengaluru
STOCKHOLM, June 18 (Reuters) - A Swedish parliament defence committee report said a Russian military attack against Sweden cannot be ruled out, Swedish public service broadcaster SVT said on Sunday, citing sources. Sweden has been scrambling to bolster its defences and applied to join NATO last year following Russia's invasion of Ukraine. The parliamentary report, due to be published on Monday, said that although Russian ground forces were tied up in Ukraine other types of military attacks against Sweden could not be ruled out, SVT said citing sources who worked on the report. "Russia has also further lowered its threshold for the use of military force and exhibits a high political and military risk appetite. Russia's ability to carry out operations with air forces, naval forces, long-range weapons or nuclear weapons against Sweden remains intact," SVT said, citing the report.
Persons: Johan Ahlander, David Evans Organizations: SVT, NATO, Nordic, Thomson Locations: STOCKHOLM, Swedish, Russian, Sweden, Ukraine, Turkey, Hungary, Russia
KCNA via REUTERSSEOUL, June 19 (Reuters) - North Korea has said its botched military satellite launch last month was the "gravest failure" at the ruling party's latest key meeting, state media KCNA reported on Monday. The enlarged plenary meeting was held between Friday and Sunday, ordering workers and researchers to analyze the failed military satellite launch and prepare for another in the near future. Those in charge of the satellite launch were "heavily criticized," the report said. It marked the eight enlarged plenary meeting of the 8th Central Committee of the Workers' Party of Korea (WPK), the country's ruling party. North Korea also vowed it will continue to develop its nuclear capability and strengthen solidarity with other countries that oppose what it called the "U.S. strategy for world supremacy."
Persons: Kim Jong Un, Hyunsu Yim, Lisa Shumaker Organizations: 8th Central Committee of, Workers ' Party of, North, Korean Central News Agency, KCNA, REUTERS, Workers ' Party of Korea, North Korean, Korea's Unification Ministry, Thomson Locations: Workers ' Party of Korea, Pyongyang, North Korea, REUTERS SEOUL, U.S
[1/2] An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File PhotoTOKYO, June 17 (Reuters) - Japan plans to stoke competition in smartphone app payments, dominated by Apple (AAPL.O) and Google, by banning major app store operators from forcing software developers to use the operators' own payment systems, a government panel said. Apple's iOS and Android from Alphabet's (GOOGL.O) Google roughly split Japan's mobile OS market. Apple allows users to download iPhone apps only through its own app store, while both Apple and Google require software developers to use proprietary payment systems that charge commissions of up to 30%. Members of the government panel include Industry Minister Yasutoshi Nishimura and Economy Minister Shigeyuki Goto.
Persons: Mike Segar, Yasutoshi Nishimura, Shigeyuki Goto, Kiyoshi Takenaka, Lincoln Organizations: Apple, REUTERS, stoke, Google, Asahi Shimbun, Industry, Thomson Locations: Manhattan, New York City, TOKYO, Japan
KRAMATORSK, Ukraine — The team of soldiers had been out of their Ukrainian armored personnel carrier for only a matter of minutes when the tree line in front of them erupted in Russian gunfire. The dozen or so soldiers, sent to reinforce a trench, found themselves pinned down for hours. “Never seen that much fire, from so many positions,” a soldier recounted in a mission report obtained by The New York Times. One soldier fighting for Ukraine was killed and nine were wounded in the battle, which took place in March near the Ukrainian city of Bakhmut. It was a deadly demonstration that the Russian military was learning from its mistakes and adapting to Ukrainian tactics, having grossly underestimated them initially.
Persons: Organizations: The New York Times Locations: KRAMATORSK, Ukraine, Ukrainian, Bakhmut
AHMEDABAD, June 17 (Reuters) - Some 1,500 villages were still without electricity in India's western state of Gujarat, officials said on Saturday, as coastal areas recovered from the impact of this week's cyclone Biparjoy. In many villages, power had been cut off as a precautionary measure to avert any dangerous incidents during the storm, Gujarat Energy Secretary Mamta Verma told Reuters. A drone view shows dark clouds over Mandvi beach before the arrival of cyclone Biparjoy in the western state of Gujarat, India, June 15, 2023. More than 700 homes in the eight coastal districts of Gujarat suffered full or partial damage, according to the state government. Authorities in India and neighbouring Pakistan evacuated more than 180,000 people from vulnerable areas as the cyclone approached.
Persons: Mamta Verma, Port, Francis Mascarenhas, Kamal Dayani, Swati Bhat, Frances Kerry Organizations: Gujarat Energy, Reuters, REUTERS, Authorities, Thomson Locations: AHMEDABAD, Gujarat, Saurashtra, Kutch, Mundra, India, Pakistan
The bosses of Cineworld, which owns Regal, will collect $35 million, the Financial Times reported. A source told Insider the payout is intended to help smooth CEO Mooky Greidinger's departure. UK-based Cineworld bought Regal, the second-biggest US movie theater chain, for $3.6 billion in 2017. Another source told the Financial Times the expected departure of the Greidingers was still a form of "comeuppance" despite the payout. A search is being conducted to identify a new CEO, the source told Insider.
Persons: Cineworld, Mooky Greidinger, Greidinger, Israel Greidinger, Nisan Cohen, Renana Teperberg Organizations: Financial Times, Morning, Regal, Canada's Cineplex, Eastgate, Cineworld
June 17 (Reuters) - Binance, Binance.US and the U.S. securities regulator announced a deal to ensure that only Binance.US employees could access customer funds in the short term, CoinDesk reported on Saturday, citing a proposed agreement. The proposed agreement comes after the SEC sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator last week, in a dramatic escalation of a crackdown on the industry by U.S. regulators. The SEC also sued major U.S. exchange Coinbase (COIN.O) after that. Binance.US and SEC did not immediately respond to Reuters' request for comment. The U.S. affiliate of Binance halted dollar deposits last week and gave customers until June 13 to withdraw their dollar funds, after SEC asked a court to freeze its assets.
Persons: CoinDesk, Binance, Changpeng Zhao, Binance.US, Baranjot Kaur, Stephen Coates, Louise Heavens Organizations: Binance Holdings, Services, SEC, Reuters, U.S, Thomson Locations: Bengaluru
Harry and Meghan's Spotify deal comes to an end
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 16 (Reuters) - Prince Harry and his wife Meghan's multi-year agreement with streaming giant Spotify to produce podcasts has ended with just one series made. It was estimated by media to have been worth as much as $20 million or more. But in a joint statement, Spotify and the royal couple's company said the agreement to produce future series had been terminated. "Spotify and Archewell Audio have mutually agreed to part ways and are proud of the series we made together," the statement said. The podcast was one of a number of lucrative deals the couple signed after moving to the United States.
Persons: Prince Harry, Meghan's, Duke, Duchess of Sussex, Mariah Carey, Serena Williams, King Charles, Muvija, Angus MacSwan Organizations: Spotify, Netflix, Thomson Locations: Swedish, California, United States
Ex-Goldman Sachs partner Adam Dell shared a sexually explicit video by mistake, Bloomberg reported. Dell paid a multimillion-dollar settlement to the coworker who saw the video, Bloomberg reported. Goldman Sachs CEO David Solomon was among top execs who looked into the complaint, Bloomberg said. She ultimately settled for less, but Adam Dell, 53, still paid a "multimillion-dollar" settlement, Bloomberg said, citing people familiar with the matter. Adam Dell, who founded the investing platform Domain Money, did not respond to Insider's emailed requests for comment on Thursday.
Persons: Goldman Sachs, Adam Dell, Dell, David Solomon, Bloomberg, Michael Dell's, isn't, hadn't, Tony Fratto, Goldman, Insider's, Padma Lakshmi, Kathy Ruemmler —, Barack Obama — Organizations: Bloomberg, Morning, Dell Technologies, Goldman, Impact Venture Partners, Bravo, New York federal, White Locations: New York
China's cabinet discusses ways to improve economy
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, June 16 (Reuters) - China's cabinet met on Friday to discuss measures to improve the state of the economy, state media reported, passing plans to step up financing support for technology companies and draft rules for supervising private funds. China's overall economic operation is recovering, the report added, while also pointing out that a slowdown in global trade and investment has had a direct impact on the recovery of the world's second-largest economy. Policymakers pledged to roll out policies in a timely manner when the conditions are right and to take more forceful measures in response to changes in the economic situation, the report said. These will include expediting the introduction of specific policies to promote the development of venture capital funds, providing more support to technology startups and introducing measures against illegal financing. Reporting by Joe Cash; Editing by Andrew Cawtorne, William MacleanOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Cash, Andrew Cawtorne, William Maclean Organizations: Thomson Locations: BEIJING
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