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☆ Detroit Casino Council ratify contract with MGM, Penn
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: 1 min

A view of MGM Grand hotel and casino signage, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsDec 2 (Reuters) - Unions representing casino workers in Detroit have voted to ratify a new contract with MGM Grand Detroit operated by MGM Resorts (MGM.N), Hollywood Casino at Greektown operated by Penn Entertainment (PENN.O) and MotorCity Casino, Unite Here union said on Saturday. The unions will end the 47-day strike immediately, Unite Here union said in a statement. Reporting by Jose Joseph in Bengaluru; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Bridget Bennett, Jose Joseph, Daniel Wallis Organizations: MGM, MGM Resorts, REUTERS, Unions, MGM Grand Detroit, Hollywood, Penn Entertainment, Thomson Locations: Las Vegas , Nevada, U.S, Detroit, Greektown, Bengaluru

☆ UK payments report calls for alternatives to Mastercard and Visa
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 22 (Reuters) - Britain needs a "digital alternative" to relying on Visa and Mastercard for card payments regardless of steps being taken by regulators, a report commissioned by the government said on Wednesday. The conclusions of the Future of Payments Review echo longstanding complaints across Europe about heavy reliance on the American duo for card payments, though calls and attempts to create a 'home grown' alternative have made little progress. Britain's Payment Systems Regulator (PSR) is reviewing the fees card schemes charge, a longstanding battle ground pitching Visa and Mastercard against 'merchants' charged for accepting their cards from customers making payments. Visa welcomed the review's conclusion saying that the UK payments landscape was in a good position. "We are keen to work with Government to ensure the UK continues to be at the forefront of payments innovation", it said.

Persons: Thomas White, Huw Jones, Jose Joseph, Kirsten Donovan, Alexandra Hudson Organizations: REUTERS, Visa, Mastercard, Systems, Government, Alexandra Hudson Our, Thomson Locations: Britain, Europe

☆ Bayer stops blood thinner drug trial due to lack of effect, in major setback
▼ + stars: | 2023-11-20 | by ( Ludwig Burger | ) www.reuters.com time to read: +3 min

Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsNov 19 (Reuters) - Germany's Bayer (BAYGn.DE) has aborted a large late-stage trial testing a new anti-clotting drug due to lack of efficacy, dealing a fresh blow to the embattled drugmaker and throwing its most promising medium-term development project in doubt. The trial halt, which followed recommendation of independent trial supervisors, marks another setback for a company burdened by a weak herbicide business, high debt and by U.S. lawsuits over the alleged carcinogenic effect of its commonly used Roundup weedkiller. Bayer said it will further analyse the data of the discontinued trial, known as OCEANIC-AF, which was initiated in August 2022. It said the independent trial supervisors recommended the continuation of a separate phase III trial, OCEANIC-STROKE, testing asundexian to prevent repeated strokes in participants who have already suffered one.

Persons: Wolfgang Rattay, Germany's Bayer, Bill Anderson, Bayer, Stefan Oelrich, Johnson, Ludwig Burger, Jose Joseph, Miranda Murray, Christopher Cushing Organizations: Bayer AG, REUTERS, Bristol, Myers Squibb, Johnson, Thomson Locations: Wuppertal, Germany, United States, asundexian, U.S, Frankfurt, Bengaluru

☆ Bayer Cancels Asundexian Phase III Study Program
▼ + stars: | 2023-11-19 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Germany's Bayer AG said on Sunday it is cancelling a phase III study program to investigate the efficacy and safety of asundexian, an oral Factor XIa (FXIa) inhibitor. The decision to stop the study is based on the recommendation by the Independent Data Monitoring Committee (IDMC). IDMC monitoring showed an inferior efficacy of asundexian compared to the control arm of the study. "A phase III study investigating asundexian compared to Apixaban in patients with atrial fibrillation at risk for stroke is being stopped early," the company said in a statement. Bayer, which initiated the study in August 2022, said it will further analyze the data to understand the outcome and will take appropriate measures.

Persons: Bayer, Jose Joseph, Chris Reese Organizations: Reuters, Germany's Bayer AG, Independent Data Monitoring, Bayer Locations: Bengaluru

☆ Bitcoin falls 4.94% to $36,007
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNov 16 (Reuters) - Bitcoin dropped 4.94% to $36,007 at 2117 GMT on Thursday, losing $1,870 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 5.2% from the year's high of $37,978 on November 9. Ether , the coin linked to the ethereum blockchain network, dropped 4.86 % to $1,959.8 on Thursday, losing $100.2 from its previous close. Reporting by Jose Joseph in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado, Jose Joseph, Jonathan Oatis Organizations: REUTERS, Thomson Locations: Bitcoin, Bengaluru

☆ EY appoints company veteran Janet Truncale as global CEO
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

A general view of Ernst & Young Global Limited Headquarters in London in London, Britain April 15, 2023. REUTERS/Maja Smiejkowska/File Photo Acquire Licensing RightsCompanies Ernst & Young LLP FollowNov 15 (Reuters) - Ernst & Young has appointed insider Janet Truncale as global chief executive, replacing Carmine Di Sibio starting July 2024, the accounting firm said on Wednesday. Truncale, the regional managing partner at EY Americas, has spent more than 30 years at the firm after joining as an intern. Di Sibio was appointed to the top role in 2019. Reporting by Jose Joseph in Bengaluru; Editing by Arun Koyyur and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Ernst, Maja Smiejkowska, Young, Janet Truncale, Carmine Di Sibio, Truncale, Di Sibio, EY, Jose Joseph, Arun Koyyur Organizations: Ernst & Young Global, REUTERS, Ernst, EY, Financial Times, Thomson Locations: London, Britain, Bengaluru

☆ Magnitude 4.9 earthquake strikes South Sudan-Uganda border region -EMSC
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

Nov 13 (Reuters) - An earthquake of magnitude 4.9 struck the area around the border between South Sudan and Uganda on Monday, the European Mediterranean Seismological Centre (EMSC) said. The quake was at a depth of 8 km (4.97 miles), EMSC said. Reporting by Jose Joseph in Bengaluru; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: EMSC, Jose Joseph, Chizu Organizations: Mediterranean Seismological, Thomson Locations: South Sudan, Uganda, Bengaluru

☆ EU considers gas price cap extension to avert winter crisis - FT
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: 1 min

Oct 22 (Reuters) - The European Union is considering extending an emergency gas price cap introduced in February, amid fears the conflict in the Middle East and sabotage of a Baltic pipeline could push prices up again this winter, the Financial Times reported on Sunday. The European Commission said there was "no indication of negative effects" since the measure had entered into force and that natural gas prices were now almost 90% lower than last year, the report said, citing a presentation to EU diplomats. Reporting by Jose Joseph in Bengaluru; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Joseph, Sonali Paul Organizations: European, Financial Times, European Commission, Thomson Locations: European Union, Baltic, Bengaluru

☆ St. Lawrence Seaway workers to begin strike, Unifor union says
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

Oct 22 (Reuters) - Workers at St. Lawrence Seaway Management Corp have decided to go on strike on Sunday after failing to reach an agreement on wages, the Canadian labor union Unifor said. "This impasse is extremely unfortunate, but our members remain committed to getting a fair agreement," Unifor National President Lana Payne said in a statement. St. Lawrence Seaway Management did not immediately respond to a request for comment. Unifor gave a 72-hour strike notice to St. Lawrence on Wednesday, demanding higher wages. The strike would affect the St. Lawrence Seaway, which connects the Great Lakes and the St. Lawrence river, disrupting cargo movement towards Canadian provinces.

Persons: Unifor, Lana Payne, Lawrence, Jose Joseph, William Mallard Organizations: Workers, Lawrence Seaway Management Corp, Lawrence Seaway Management, Lawrence Seaway, Thomson Locations: St, Lawrence, Canadian, Bengaluru

REUTERS/Ahmed Zakot Acquire Licensing RightsOct 21 (Reuters) - Canada's National Department of Defence said on Saturday that Israel was not behind the Al-Ahli hospital strike in Gaza on Oct. 17. "Analysis conducted independently by the Canadian Forces Intelligence Command indicates with a high degree of confidence that Israel did not strike the Al-Ahli hospital on 17 October 2023," it said in a statement. The strike was more likely caused by an errant rocket fired from Gaza, the Defence department said based on analysis of open source and classified reporting. Palestinian officials said 471 people were killed in the blast at Al-Ahli al-Arabi Hospital on Tuesday. Gaza's health ministry blamed an Israeli air strike, while Israel said the blast was caused by a failed rocket launch by militants.

Persons: Ahmed Zakot, Israel, Jose Joseph, Divya Rajagopal, Sonali Paul Organizations: REUTERS, Canada's National Department of Defence, Al, Canadian Forces Intelligence Command, Defence, U.S ., Thomson Locations: Al, Ahli, Israel, Gaza City, Gaza, France, U.S . Canada, Arabi, Bengaluru, Toronto

☆ Israel Did Not Strike Gaza Hospital, Canada Says
▼ + stars: | 2023-10-21 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

By Divya Rajagopal and Jose Joseph(Reuters) - Canada's National Department of Defence said on Saturday that Israel was not behind the Al-Ahli hospital strike in Gaza on Oct. 17. "Analysis conducted independently by the Canadian Forces Intelligence Command indicates with a high degree of confidence that Israel did not strike the Al-Ahli hospital on 17 October 2023," it said in a statement. Palestinian officials said 471 people were killed in the blast at Al-Ahli al-Arabi Hospital on Tuesday. Gaza's health ministry blamed an Israeli air strike, while Israel said the blast was caused by a failed rocket launch by militants. (Reporting by Jose Joseph in Bengaluru; Divya Rajagopal in Toronto; Editing by Sonali Paul)

Persons: Divya Rajagopal, Jose Joseph, Israel, Sonali Paul Organizations: Canada's National Department of Defence, Al, Canadian Forces Intelligence Command, Defence, U.S . Locations: Ahli, Gaza, France, U.S . Canada, Al, Arabi, Bengaluru, Toronto

☆ Fed's Goolsbee says fall in US inflation is not just a blip- FT
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

Chicago Fed President Austan Goolsbee reacts as he heads into the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. "There is a lot saying that inflation is trending down compared with what it has been and that’s what we want," Goolsbee said in an interview with the Financial Times. It wasn’t a one-month blip... we have to hope and keep an eye out to make sure that continues," he said. The Chicago Fed president acknowledged a reversal in rental and other housing inflation after months of easing was a "negative surprise" meriting a "proper element of caution", according to the report. Reporting by Jose Joseph in Bengaluru; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Austan Goolsbee, Ann Saphir, Goolsbee, Jose Joseph, Toby Chopra Organizations: Chicago Fed, Kansas City, REUTERS, Financial Times, Thomson Locations: Kansas, Jackson Hole , Wyoming, U.S, Bengaluru

☆ Peruvian annual inflation eases to lowest level in more than two years
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Oct 1 (Reuters) - Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained some way above the central bank's target rate. Data from national statistics agency INEI showed the key index based on the metropolitan region of Lima slowed to its lowest level since August 2021, when it stood at 4.95%. On a month-to-month basis the Lima Consumer Price Index, Peru's inflation benchmark, inched up 0.02% in September, well below the 0.38% increase in August. The figures are a boost to Peru's bid to wrestle inflation back to the central bank's official target of 2%, plus or minus one percentage point. Reporting by Diego Ore in Mexico City and Jose Joseph in Bengaluru Editing by Drazen Jorgic and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: INEI, Diego Ore, Jose Joseph, Drazen Jorgic, Aurora Ellis Organizations: Lima Consumer, Diego, Thomson Locations: Peru decelerated, Lima, Mexico City, Bengaluru

☆ Ackman's SPARC is seeking new deals with private companies
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo Acquire Licensing RightsOct 1 (Reuters) - Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights. The SPARC, an affiliate of billionaire investor Bill Ackman's Pershing Square Tontine Holdings Ltd, is targeting companies that seek to raise a minimum of $1.5 billion of capital, it said in a regulatory filing on Friday. Ackman's SPARC is a variation of a special purpose acquisition company (SPAC), the market for which has cooled since its peak in 2021 as investors nursed losses on many deals. Ackman added that he has no idea if X is interested and would still need to determine whether or not a deal is doable.

Persons: Bill Ackman, Richard Brian, Bill Ackman's, Elon Musk's, Ackman, Elon Musk, Jose Joseph Organizations: Pershing Square Capital Management, REUTERS, Pershing Square SPARC Holdings Ltd, SPARC, Tontine Holdings, Wall, Elon, Thomson Locations: Las Vegas , Nevada, U.S, Bengaluru

☆ Kaiser Permanente workers say deal unlikely to avert strike
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

The newly constructed Kaiser Permanente San Diego Medical Center hospital is shown in San Diego, California, U.S. April 17, 2017. REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 1 (Reuters) - The coalition of unions representing healthcare workers at Kaiser Permanente said late on Saturday it is unlikely there will be a new agreement with the healthcare provider, as their current contract expires and the unions prepare for strike action. The Coalition of Kaiser Permanente Unions said it and the company remained far apart on important issues. Earlier in September, more than 75,000 Kaiser healthcare workers called for a strike from Oct. 4 to Oct. 7 across California, Oregon, Washington, Colorado, Virginia and Washington DC, in what would be the largest healthcare workers' strike, according to the coalition. Workers of the coalition are demanding resolution on a short-staffing crisis, a pay increase and an improvement in medical plans.

Persons: Mike Blake, Kaiser Permanenete, Jahnavi Nidumolu, Jose Joseph, Hugh Lawson, Nick Zieminski Organizations: Kaiser Permanente San Diego Medical Center, REUTERS, Kaiser Permanente, Coalition, Kaiser Permanente Unions, Reuters, Washington DC, . Workers, U.S . Bureau of Labor Statistics, Auto, Detroit Three, Ford, Motors, Chrysler, Thomson Locations: Kaiser, San Diego , California, U.S, California , Oregon, Washington , Colorado, Virginia, Washington, United States, Bengaluru

☆ International Longshore and Warehouse US dockworkers union files for bankruptcy
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Oct 1 (Reuters) - The International Longshore and Warehouse Union (ILWU) representing U.S. dockworkers has filed for a chapter 11 bankruptcy protection to resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI). The union has listed its assets and liabilities in the range of $1 million to $10 million, according to the Sept. 30 filing made in a San Francisco court. "While we have attempted numerous times to resolve the decade-long litigation with ICTSI Oregon, at this point, the Union can no longer afford to defend against ICTSI's scorched-earth litigation tactic", said ILWU International President Willie Adams. The union in August ratified a six-year contract for U.S dockworkers that improved pay and benefits for 22,000 employees at 29 ports stretching from California to Washington State. Reporting by Jose Joseph in Bengaluru; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: dockworkers, Willie Adams, ICTSI, Jose Joseph, Aurora Ellis Organizations: Warehouse Union, Oregon, International Container Terminal Services, ICTSI, ICTSI's, Union, Port, Wall, U.S, Washington State, Thomson Locations: San Francisco, ICTSI Oregon, Port of Portland, Philippines, United States, Canada, California, Washington, Bengaluru

☆ Apple, China met to discuss Beijing's crackdown on western apps, Wall Street Journal reports
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. The officials told Apple that it must strictly implement the rules which ban unregistered foreign apps, the report said, citing people familiar with the matter. Beijing has been expanding oversight of smartphone and mobile app usage over the past several years, and now requires mobile app stores and mobile apps to submit business details to the government. Apple has not disclosed how its app store in China will comply with Beijing’s new rules. Experts said Apple's compliance could lead to tens of thousands of apps being removed from its app store in China.

Persons: Aly, Jose Joseph, Nivedita Bhattacharjee Organizations: Apple, REUTERS, Wall Street, Reuters, Thomson Locations: Shanghai, China, Beijing, Bengaluru

☆ Apollo Global among suitors for IGT's global gaming division- Bloomberg News
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 13 (Reuters) - Private equity giant Apollo Global Management (APO.N) is among the potential suitors seeking to acquire International Game Technology's (IGT.N) global gaming division, Bloomberg News reported on Wednesday. IGT's gaming unit could fetch $4 billion to $5 billion in a sale, including debt, the report said, citing people with knowledge of the matter. Apollo Global did not immediately respond to a Reuters' request for comment and IGT could not be reached for comment. UK-based IGT said in June that it was exploring strategic alternatives for its global gaming and PlayDigital segments, which includes, but is not limited to, a sale. Reporting by Jose Joseph in Bengaluru; Editing by Shailesh Kuber and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, IGT, Jose Joseph, Shailesh Kuber, Subhranshu Organizations: Game Technology PLC, New York Stock Exchange, REUTERS, Apollo Global Management, Bloomberg, Apollo, Thomson Locations: Bengaluru

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

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

☆ Rescuers Hunt for Survivors of Morocco Quake With Over 2,000 Dead
▼ + stars: | 2023-09-10 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +4 min

Many people spent a second night in the open after the 6.8 magnitude quake hit late on Friday. The latest Interior Ministry figures put the death toll at 2,012, with 2,059 people injured, including 1,404 in critical condition. Morocco has declared three days of mourning and King Mohammed VI called for prayers for the dead to be held at mosques across the country on Sunday. PULLING SURVIVORS FROM RUBBLEThere were hopes more survivors could be found. Footage captured on Saturday in the town of Moulay Brahim, some 50 km (30 miles) south of Marrakech, showed rescuers pulling someone from the rubble.

Persons: Jihed Abidellaoui, Alexander Cornwell MARRAKECH, King Mohammed VI, Caroline Holt, Abdellatif Ait, Saida Bodchich, Ayat, ”, Ahmed Eljechtimi, Jose Joseph, Adam Makary, Omar Abdel, Tom Perry, Frances Kerry Organizations: ., Ministry, World Health Organization, International Federation of Red, Red Crescent Societies, High, Reuters, . Geological Survey, International Monetary Fund, World Bank, IMF Locations: Morocco, Marrakech, Moulay, Tansghart, Abdellatif Ait Bella, Turkey, Bengaluru, Razek, Cairo

The U.S. Geological Survey said the quake had a magnitude of 6.8 with an epicentre some 72 km (45 miles) southwest of Marrakech. "When I felt the earth shaking beneath my feet and the house leaning, I rushed to get my kids out. [1/14]Residents rest in central Marrakesh following a powerful earthquake in Morocco, September 9, 2023. It was Morocco's deadliest earthquake since 1960 when a quake was estimated to have killed at least 12,000 people, according to the U.S. Geological Survey. Marrakech is due to host the annual meetings of the International Monetary Fund and World Bank from Oct. 9.

Persons: Mohamed Azaw, Mohamed Ouhammo, Montasir, Abdellatif Ait, Saida Bodchich, Hannah McKay, Waaziz Hassan, Mohammad Kashani, Zakia Abdennebi, Tarek Amara, Alexander Cornwell, Ahmed Tolba, Jose Joseph, Muhammad Al Gebaly, Adam Makary, Michelle Nichols, Graham Keeley, Josephine Mason, Angus McDowall, Tom Perry, Tomasz Janowski, Frances Kerry, Alexander Smith, Peter Graff, Daniel Wallis Organizations: WHO, Moroccan, Interior Ministry, Geological Survey, Food, High, REUTERS, World Health Organization, UNESCO, . Geological Survey, University of Southampton, International Monetary Fund, World Bank, IMF, Reuters, Thomson Locations: Marrakech, Casablanca, Rabat, Morocco, U.S, Amizmiz, Asni, Tansghart, Abdellatif Ait Bella, Marrakesh, Huelva, Jaen, Spain, Jemaa, Moroccan, Turkey, Algeria, Tunis, Imsouane, Dubai, Bengaluru, Cairo, New York, Madrid, London

☆ Powerful 6.8 magnitude earthquake strikes Morocco, some damage reported
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

RABAT, Sept 8 (Reuters) - A powerful earthquake of magnitude 6.8 struck central Morocco late on Friday, the U.S. Geological Survey said, shaking buildings in nearby Marrakesh and sending panicked residents out into the streets. The scale of the damage was not immediately clear. Some videos shared on social media, which Reuters could not immediately verify, appeared to show at least one building collapsing and rubble in the streets. Others showed people running out of a shopping center, restaurants and apartment buildings and congregating outside. In Marrakesh, resident Brahim Himmi said he saw ambulances coming out of the old town and that many building facades were damaged.

Persons: Brahim Himmi, Ahmed El Jechtimi, Jose Joseph, Rosalba O'Brien, Jonathan Oatis Organizations: U.S . Geological Survey, Reuters, Thomson Locations: RABAT, Morocco, U.S, Marrakesh, Oukaimeden, Rabat, Bengaluru

☆ SpaceX working with Cloudflare to speed up Starlink service- The Information
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

SpaceX logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsAug 23 (Reuters) - Elon Musk-owned SpaceX is working with Cloudflare (NET.N) to boost the performance of its satellite internet service Starlink, the Information reported on Wednesday, citing a person with direct knowledge of the project. Starlink is one of a growing number of makers of small satellites that are focused on providing satellite-based internet, including Amazon.com's (AMZN.O) Kuiper, Britain's OneWeb and venture capital-backed Planet. Cloudflare did not immediately respond to a Reuters request for comment. Reporting by Jose Joseph and Chavi Mehta in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Elon Musk, Starlink, Cloudflare, Jose Joseph, Chavi Mehta, Shailesh Organizations: SpaceX, Elon, REUTERS, Thomson Locations: Bengaluru

☆ GQG Partners buys additional stake in Adani Ports
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +1 min

Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, February 2, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing RightsAug 19 (Reuters) - Investment firm GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd (APSE.NS) on Aug. 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday. GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0.10% or 2.2 million shares of the company through a bulk deal, the disclosure made late on Saturday said. The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group that was published in January. Reuters reported last Wednesday that GQG partners bought an 8.1% stake in Adani Power for $1.1 billion via block deal.

Persons: Amit Dave, GQG, Hindenburg, Jose Joseph, Tomasz Janowski, Toby Chopra, Jane Merriman Organizations: Adani, REUTERS, GQG Partners, Deloitte, Adani Ports, Reuters, Thomson Locations: Ahmedabad, India, Adani Ports, Power, Bengaluru

☆ India restricts import of plain gold jewellery
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: 1 min

July 12 (Reuters) - India on Wednesday restricted imports on plain gold jewellery, as the world's second-largest consumer of the precious metal tries to plug loopholes in its trade policy. Import of articles of gold have been put under restriction category from free category, a government notification said, adding that import under INDIA-UAE CEPA agreement would be allowed without any import license. The move comes as importers over the last few months have been using a policy flaw to source plain gold jewellery from Indonesia without paying any import taxes. Reporting by Jose Joseph and Shivangi Acharya; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Joseph, Shivangi, Arun Koyyur Organizations: INDIA, Thomson Locations: India, UAE, Indonesia

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