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AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. The legal age to watch porn in Britain is 18 or over. The regulator described its suggestion on facial age estimation as using AI to analyse a viewer's features. The watchdog said its proposed guidance also included photo identification matching, requiring a user to upload a photo ID such as passport or driving licence to prove their age, and credit chard checks. The regulator said weaker methods such as self-declaration of age, online payment methods that do not require a person to be 18, and disclaimers or warnings, would no longer meet the standards in its new guidance.
Persons: Dado Ruvic, Melanie Dawes, chard, Muvija, Paul Sandle, Richard Chang Organizations: REUTERS, England, of Economic Affairs, Ofcom, Thomson Locations: Britain
The U.S. State Department said on Monday it supports a peaceful resolution of the dispute and that the issue could not be solved by a referendum. Venezuelans on Sunday backed the rejection of ICJ jurisdiction over the dispute and the creation of a new state in Esequibo. Analysts have said the vote was an attempt by President Nicolas Maduro to gauge his government's support ahead of a 2024 presidential election. Maduro has assured Caribbean countries that he will not invade the region, Jagdeo said, but Guyana will not let its guard down. "A new era in the fight for our Guayana Esequiba has begun," he added, using the proposed name for the new Venezuelan state.
Persons: Nicolas Maduro, Jorge Rodriguez, Elvis Hidrobo Amoroso, Bharrat Jagdeo, Maduro, Jagdeo, Esequiba, Mayela Armas, Deisy, Julia Symmes Cobb, Richard Chang Organizations: Venezuelan National, Electoral Council, National Electoral Council, Justice's, International Court of Justice, U.S . State Department, Sunday, ICJ, Conference of, Guyanese, Thomson Locations: Venezuelan, CARACAS, Guyana, Esequibo, Venezuela, Dubai, Caracas, Bogota
CARACAS (Reuters) - Guyana will remain vigilant after a Venezuelan referendum rejected an international court's jurisdiction over a territorial dispute between the neighboring countries, Vice-President Bharrat Jagdeo said on Monday. Bilateral tensions over the potentially oil-rich Esequibo region rose in recent weeks ahead of the five-question referendum, which Guyana unsuccessfully asked the International Court of Justice (ICJ) to bar. Venezuelans on Sunday backed the rejection of ICJ jurisdiction over the dispute and the creation of a new state in Esequibo. Maduro has assured Caribbean countries that he will not invade the region, Jagdeo said, but Guyana will not let its guard down. "A new era in the fight for our Guayana Esequiba has begun," he added, using the proposed name for the new Venezuelan state.
Persons: Bharrat Jagdeo, Nicolas Maduro, Maduro, Jagdeo, Esequiba, Mayela Armas, Deisy, Julia Symmes Cobb, Richard Chang Organizations: International Court of Justice, U.S . State Department, Sunday, ICJ, Conference of, Guyanese Locations: CARACAS, Guyana, Esequibo, Venezuela, Dubai, Venezuelan, Caracas, Bogota
LONDON (Reuters) - Britain proposed new age-check guidance on Tuesday to protect children from accessing pornography online, including a suggestion to use AI-based technology to see if a viewer looks to be of legal age. The legal age to watch porn in Britain is 18 or over. The regulator described its suggestion on facial age estimation as using AI to analyse a viewer's features. The watchdog said its proposed guidance also included photo identification matching, requiring a user to upload a photo ID such as passport or driving licence to prove their age, and credit chard checks. The regulator said weaker methods such as self-declaration of age, online payment methods that do not require a person to be 18, and disclaimers or warnings, would no longer meet the standards in its new guidance.
Persons: Melanie Dawes, chard, Muvija, Paul Sandle, Richard Chang Organizations: England, of Economic Affairs, Ofcom Locations: Britain
The San Francisco skyline is seen behind a self-driving GM Bolt EV during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. The California Public Utilities Commission (CPUC) on Friday ordered Cruise to appear at a Feb. 6 hearing for "misleading the Commission through omission regarding the extent and seriousness of the accident" and "making misleading public comments regarding its interactions with the commission." Cruise's troubles are also a setback for an industry dependent on public trust and the cooperation of regulators. GM had told investors Cruise and its technology could generate $50 billion a year in revenue by 2030. Reporting by Hyunjoo Jin in San Francisco and David Shepardson in Washington, Additional reporting by Abhirup Roy in San Francisco; Editing by Richard Chang and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Elijah Nouvelage, Cruise, Kyle Vogt, Daniel Kan, Jose Alvarado, Ashlyn Kong, Kong, , Tim Piechowski, Waymo, John Reynolds, Gavin Newsom, Mary Barra, Hyunjoo Jin, David Shepardson, Abhirup Roy, Richard Chang, Nick Zieminski Organizations: San, GM Bolt, REUTERS, General Motors, GM, California Public Utilities Commission, CPUC, Cruise, Capital Research, California's Department of Motor Vehicles, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington
REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLONDON, Dec 3 (Reuters) - Like the subjects of his new film, George Clooney took a chance on a group of actors to transform them into believable professional rowers for "The Boys in the Boat". Directed by Clooney, the film is based on the best-selling non-fiction novel by Daniel James Brown. We had nutritionists and trainers," British actor Turner, 33, said. It's the closest thing I'm ever going to feel to being part of a professional sports team." "The Boys in the Boat" is out in cinemas in the U.S. and Canada on Dec. 25 and globally in January.
Persons: George Clooney, Edward R, Mario Anzuoni, Clooney, Daniel James Brown, Joe Rantz, Callum Turner, Joel Edgerton's, Al Ulbrickson, Terry O'Neill, Turner, I'm, Hanna Rantala, Richard Chang Organizations: Roybal, of Film, Learning, REUTERS, University of Washington, Ivy League, Berlin, Team, Thomson Locations: Los Angeles , California, U.S, London, British, Atlanta, Canada
The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.
Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York
"Fortunately for us, she set her sights a little higher – becoming the first woman to serve as a U.S. Supreme Court justice. U.S. SUPREME COURT CHIEF JUSTICE JOHN ROBERTS"A daughter of the American Southwest, Sandra Day O'Connor blazed an historic trail as our Nation's first female Justice. SENATOR SUSAN COLLINS“The passing of Justice Sandra Day O’Connor reminds all of us of what an extraordinary woman and justice she was. JUSTIN DRIVER, PROFESSOR AT YALE LAW SCHOOL AND FORMER LAW CLERK TO O'CONNOR"Today, we lost a towering, trailblazing jurist who dramatically improved our nation. SENATOR CHUCK GRASSLEY, FORMER CHAIRMAN AND CURRENT MEMBER OF THE SENATE JUDICIARY COMMITTEE“Justice O’Connor was the first Supreme Court nominee I had the honor of voting for as a senator.
Persons: Sandra Day O'Connor, BARACK OBAMA, Sandra Day, Michelle, JOHN ROBERTS, SUSAN COLLINS “, Sandra Day O’Connor, ” CRISTINA RODRIGUEZ, O'CONNOR, NANCY PELOSI, O’Connor, EUGENE VOLOKH, JUSTIN, Justice O’Connor, CHUCK GRASSLEY, LARRY KRAMER, iCivics, John Kruzel, Andrew Chung, Scott Malone, Alistaiir Bell, Richard Chang Organizations: U.S, Supreme, Stanford Law School, SUPREME, REPUBLICAN U.S, AT YALE, SCHOOL, LAW, UCLA, OF, trailblazer, CIVICS, Thomson Locations: U.S, Arizona, Texas, American, New York
[1/5] North Korean leader Kim Jong Un visits Korean People's Army Air Force headquarters on the occasion of Aviation Day in North Korea, in this picture released by North Korea's Korean Central News Agency (KCNA) on December 1, 2023. On Thursday, the United States targeted North Korea with fresh sanctions over the satellite launch, designating foreign-based agents it accused of facilitating sanctions evasion. Local media reported that North Korean soldiers at the Joint Security Area (JSA) inside the DMZ had started carrying firearms again after the North withdrew from the inter-Korean military deal. The DMZ tours had restarted last week; they had been halted after a U.S. soldier's unauthorised crossing into North Korea while on a tour in July. Private Travis King was later handed back by the North and returned to the United States, where he faces charges.
Persons: Kim Jong Un, Kim Jong, Kim, KCNA, Travis King, Soo, hyang Choi, Richard Chang, Ed Davies, Gerry Doyle Organizations: Korean People's Army Air Force, Aviation, North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, United Nations, United, Local, Joint Security Area, Korean, Thomson Locations: North Korea, Rights SEOUL, Pyongyang, Seoul, United States, Korea, South Korea, U.S
FINRA said a junior trader and his supervisor at BofA Securities conducted 717 spoof trades between October 2014 and February 2021. It also faulted the oversight system of the second-largest U.S. bank for being designed to detect only spoofing by trading algorithms, not manual spoofing. The junior trader, Tyler Forbes, was accused of placing 194 spoof trades before Bank of America fired him in 2019. Bank of America did not admit or deny wrongdoing in accepting FINRA's fine and a censure. In a separate spoofing case, former Bank of America traders Edward Bases and John Pacilio were in March each sentenced in Chicago to one year in prison for spoofing in precious metals.
Persons: FINRA, Tyler Forbes, Sidney Lebental, Edward Bases, John Pacilio, Forbes, Lebental, Jonathan Stempel, Richard Chang Organizations: Bank of America, U.S, Treasuries, Financial Industry, Authority, BofA Securities, Thomson Locations: Charlotte, North Carolina, Chicago, New York
[1/2] Participants take part in an annual LGBTQ+ Pride parade, in Kathmandu, Nepal June 10, 2023. "We have issued the marriage registration certificate to the couple in consideration of the Supreme Court order and instructions from relevant government authorities," said Hem Raj Kafle, chief administrative officer of the Dordi rural municipality. In June, the country's Supreme Court issued an interim order allowing same-sex couples to register their marriages pending a final verdict. "It is historic," said Pant, a former lawmaker, noting that it was the first such registration in South Asia. Taiwan is the only other country to legalise same-sex marriage in Asia, where societies remain largely conservative.
Persons: Navesh, Ram Bahadur, Gurung, Surendra Pandey, Pandey, Raj Kafle, Sunil Babu Pant, Nepal's, Pant, Gopal Sharma, Shilpa Jamkhandikar, Richard Chang Organizations: REUTERS, Blue Diamond Society, Maoists, Nepali Congress, Thomson Locations: Kathmandu, Nepal, Lumjung, South Asia, Taiwan, Asia
The Commission's legal service did not think a statement of objections regarding the deal was warranted, in contrast with antitrust officials handling the case, the people said. Without such a charge sheet, the deal would have been cleared unconditionally. The lawyers subsequently changed their mind and backed antitrust officials' decision to send the charge sheet setting out their concerns, the sources said on condition of anonymity, declining to provide confidential details. Antitrust officials can override objections from the legal service by either tweaking or narrowing their concerns to get their backing or by appealing to the top officials. While Amazon might still gain unconditional approval to buy iRobot, the charge sheet indicates that officials are looking to remedies from the company to address their concerns.
Persons: Pascal, Foo Yun Chee, Richard Chang Organizations: Rights, European Commission, Antitrust, Reuters, EU, Google, Digital, Big Tech, Thomson Locations: Boves, France, Rights BRUSSELS
IOTA digital tokens will fund the investment. The foundation will be seeded with over $100 million in IOTA tokens, to be vested over the next four years, Schiener said. IOTA tokens on Tuesday traded at about $0.17, with a market capitalization of roughly $524 million, Coinmarketcap.com showed. The funds will be used to develop the IOTA network and accelerate its growth, Schiener said. IOTA will also start "tokenizing" assets, he said, a process in which ownership rights in land or buildings are represented as digital tokens and stored on a blockchain.
Persons: Satoshi bitcoin, Arnd, Dominik Schiener, Binance, Schiener, Hamad Sayah Al Mazrouei, Gertrude Chavez, Dreyfuss, Alden Bentley, Richard Chang Organizations: Swiss, Bity, REUTERS, IOTA, Wednesday, Abu Dhabi Global, United Arab, Registration, ADGM, Thomson Locations: Zurich, Switzerland, Abu Dhabi, United Arab Emirates, UAE, Europe, Germany
[1/5] Members of an Armed Forces body bearer team moves the casket after the funeral service for former U.S. first lady Rosalynn Carter at Maranatha Baptist Church, in Plains, Georgia, U.S. November 29, 2023. Alex Brandon/Pool via REUTERS Acquire Licensing RightsPLAINS, Georgia, Nov 29 (Reuters) - A private funeral was held on Wednesday for Rosalynn Carter at a church in her hometown of Plains, Georgia, marking the end of three days of tributes celebrating the life and humanitarian work of the former U.S. first lady, who died at the age of 96. Uniformed officers from local police and sheriff's departments silently lined a street in the tiny rural birthplace of former President Jimmy Carter and Rosalynn, his wife of 77 years. Residents of the town, adorned with murals of Jimmy Carter and other tributes to its most famous son, recalled Rosalynn as a humble neighbor who helped mow the lawns and organize the food bank at the Carters' church. PARTNER TO THE PRESIDENTOn Monday, Rosalynn Carter lay in repose at the Jimmy Carter Presidential Library and Museum in Atlanta.
Persons: Rosalynn Carter, Alex Brandon, Jimmy Carter, Rosalynn, Bren Dubay, Dubay, Carter, Joe Biden, Jill Biden, Bill Clinton, Maria Alejandra Cardona, Jonathan Allen, Elijah Nouvelage, Richard Chang Organizations: Armed Forces, U.S, Maranatha Baptist Church, REUTERS Acquire, Jimmy Carter Presidential Library and Museum, White, Humanity, Thomson Locations: Plains , Georgia, U.S, , Georgia, Plains, Atlanta, Guinea, West Africa, New York
A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Saudi Arabia's Riyadh won the right to host the Expo 2030 world fair, vote results showed on Tuesday, in another diplomatic victory for a Gulf country after the Qatar soccer World Cup last year. South Korea's Busan and Italy's Rome were also in the running to host the world fair, a five-yearly event that attracts millions of visitors and billions of dollars in investment. The Saudi capital has proposed to host the event between October 2030 and March 2031. Saudi had in particular won French support, irking Rome.
Persons: Gonzalo Fuentes, Cristiano Ronaldo, Crown Prince Mohammed bin, Prince Faisal bin Farhan Al Saud, Prince Mohammed, Jamal Khashoggi, Emmanuel Macron, Elizabeth Pineau, Michel Rose, Christina Fincher, Richard Chang Organizations: BIE Member, 173rd, Assembly, REUTERS, Rights, Saudi Arabia's, Qatar, Korea's, Riyadh, Busan, Rome, Saudi, Al, Crown, Saudi Foreign, irking, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Saudi, Saudi Arabia's Riyadh, Korea's Busan, Italy's Rome, irking Rome, Lebanon
A Meta logo is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 19, 2023. Judge Timothy Kelly of the U.S. District Court for the District of Columbia denied a motion filed by Meta on Monday for the court to hear the dispute with the Federal Trade Commission (FTC). Meta in a court filing on Tuesday said it would appeal Kelly's decision to the U.S. Court of Appeals for the District of Columbia. The dispute started in May when the FTC proposed changing a settlement reached in 2019 that required Facebook, which became Meta in 2021, to pay $5 billion. The FTC said it would tighten the 2019 settlement to bar Meta from making money off data collected on users under age 18, including in its virtual reality business.
Persons: Eric Gaillard, Timothy Kelly, Diane Bartz, Mark Porter, Richard Chang Organizations: Cannes Lions International, Creativity, REUTERS, WASHINGTON, Facebook, U.S, District of Columbia, Meta, Federal Trade Commission, U.S ., Appeals, FTC, Thomson Locations: Cannes, France, U.S
Prospective students tour the University of California, Berkeley campus before beginning of the new semester, in Berkeley, California, U.S., June 8, 2023. The complaint also said "no fewer" than 23 law school groups have anti-Jewish policies. Law school dean Erwin Chemerinsky, a constitutional law specialist, said the complaint painted a "stunningly inaccurate" picture of the school. The law school, UC Berkeley Chancellor Carol Christ, the University of California system and its President Michael Drake are among the other defendants. Other plaintiffs include the Brandeis Center's Jewish Americans for Fairness in Education, a nationwide group whose members include UC Berkeley staff and students.
Persons: Carlos Barria, Louis, Erwin Chemerinsky, UC Berkeley Chancellor Carol Christ, Michael Drake, Hitler, Louis D, Jonathan Stempel, Richard Chang Organizations: University of California, REUTERS, Louis D, Brandeis Center, UC Berkeley's, UC Berkeley, UC Berkeley Chancellor, Brandeis Center's, Fairness, UC, New York University, NYU, Regents, Court, Northern District of, Thomson Locations: Berkeley, Berkeley , California, U.S, Israel, San Francisco federal, Northern District, Northern District of California, New York
Wall St ends mixed in truncated Black Friday trading
  + stars: | 2023-11-24 | by ( Stephen Culp | ) www.reuters.com   time to read: +4 min
The S&P 500 (.SPX) closed nominally higher, while the Dow (.DJI) eked out a modest gain. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Of the 11 major sectors in the S&P 500, nine ended with gains, led by healthcare (.SPXHC). The S&P 500 posted 23 new 52-week highs and no new lows; the Nasdaq Composite recorded 77 new highs and 51 new lows. Volume on U.S. exchanges was 4.97 billion shares, compared with the 10.49 billion average for the full session over the last 20 trading days.
Persons: Peter Cardillo, Cardillo, Brendan McDermid, decliners, Stephen Culp, Sruthi Shankar, Shristi, Richard Chang Organizations: Nvidia, Vista Outdoor, Colt, Dow, Nasdaq, Spartan Capital Securities, Retailers, U.S, Insider Intelligence, Commerce, New York Stock Exchange, REUTERS, PMI, Dow Jones, Communication, Reuters, Czech, Xpeng, Volkswagen, NYSE, Thomson Locations: China, New York, U.S, New York City, Bengaluru
Dollar slips on bets US rates have peaked
  + stars: | 2023-11-24 | by ( Saqib Iqbal Ahmed | ) www.reuters.com   time to read: +4 min
A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Currencies traded in a relatively narrow range with U.S. markets closing early the day after the U.S. Thanksgiving holiday. "I think what we're seeing is a classic case of the market taking the 'path of least resistance.'" The dollar index , which measures the U.S. currency with six peers, eased 0.4 % to 103.35 , staying close to the 2-1/2 month low of 103.17 touched earlier this week. German business morale improved for a third straight month in November, data showed.
Persons: Marcos Brindicci, Michael Brown, Jane Foley, Sterling, Saqib Iqbal Ahmed, Ankur Banerjee, Joice Alves, David Evans, Jason Neely, Richard Chang Organizations: REUTERS, U.S, Trader, P Global, Rabobank, Federal, ING, Thomson Locations: Buenos Aires, Argentina, London, Germany, Singapore
Still, stocks have risen sharply in recent weeks on the view the Fed is done hiking rates. Big tech-related shares were among those giving the S&P 500 its biggest boost. Communication services (.SPLRCL) rose 0.9%, leading S&P 500 gains in all sectors except for energy (.SPNY), which fell 0.1%. Among the day's negatives, Nvidia's (NVDA.O) shares fell 2.5%, a day after the chip designer forecast overall fourth-quarter revenue above Wall Street targets, but warned U.S. export curbs could lead to a steep drop in sales in China. The S&P 500 posted 45 new 52-week highs and one new low; the Nasdaq Composite recorded 89 new highs and 104 new lows.
Persons: Quincy Krosby, Brendan McDermid, decliners, Caroline Valetkevitch, Amruta Khandekar, Maju Samuel, Pooja Desai, Richard Chang Organizations: Deere, Dow, Nasdaq, Federal, Financial, New York Stock Exchange, REUTERS, Dow Jones, Communication, Wall, U.S, Deere & Co, NYSE, Thomson Locations: China, Charlotte , North Carolina, New York City, U.S
Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it's quite small," Nansen analysts said. By comparison, investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. Lawyers for Zhao, who founded Binance in 2017, did not respond to requests for comment on Wednesday. Zhao paid a $175 million bail bond, with another $15 million held in a trust account, a court filing showed.
Persons: Dado Ruvic, Changpeng Zhao, Binance, Zhao, Richard Teng, Nansen, ransomware, Arthur Hayes, Hayes, Sam Bankman, Fried, Daniel Silva, Buchalter, Luc Cohen, Michelle Price, Richard Chang Organizations: REUTERS, Nansen, U.S, U.S . Securities, Exchange Commission, Islamic, Binance, Prosecutors, Justice, Reuters, Thomson Locations: al Qaeda, Islamic State, Iraq, Syria, Dubai, Seattle, United States
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Among the day's economic data, the number of Americans filing new claims for unemployment benefits fell more than expected last week. Still, stocks have risen sharply in recent weeks on the view that Fed is done hiking rates. She said stocks tend to rise just before the Thanksgiving holiday and also to rally heading into year-end. The S&P 500 posted 45 new 52-week highs and one new low; the Nasdaq Composite recorded 80 new highs and 89 new lows.
Persons: Brendan McDermid, Quincy Krosby, Caterpillar, decliners, Amruta Khandekar, Maju Samuel, Pooja Desai, Richard Chang Organizations: New York Stock Exchange, REUTERS, Deere, Dow, Nasdaq, Financial, U.S, Dow Jones, Wall, Deere & Co, NYSE, Thomson Locations: New York City, U.S, China, Charlotte , North Carolina
"The fact that we are seeing a drop definitely suggests that the labor market is not cooling as quickly as markets or the Fed might have been expecting there," said Karl Schamotta, chief market strategist at Corpay in Toronto. Schamotta also said market participants were maintaining relatively high dollar positions before liquidity dries up before the U.S. Thanksgiving holiday on Thursday. The greenback extended gains after the University of Michigan's survey of consumer sentiment showed U.S. consumers' inflation expectations rose for a second straight month in November. UMich inflation expectationsThe dollar index rose 0.37% to 103.9, on track for its biggest one-day percentage gain since Nov 9. The Japanese yen weakened 0.82% to 149.61 per dollar, while Sterling was last trading at $1.249, down 0.37% on the day.
Persons: Karl Schamotta, Schamotta, CME's, policymaker Mario Centeno, Joachim Nagel, Sterling, Jeremy Hunt, Changpeng Zhao, Zhao, Chuck Mikolajczak, Will Dunham, Richard Chang Organizations: Labor Department, Reuters, United Auto Workers, UAW, Detroit's Big, Federal, Fed, University of Michigan's, European Central Bank, Investors, Thomson Locations: Toronto, U.S
REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsNov 21 (Reuters) - A U.S. jury has ordered Bayer's Monsanto to pay $165 million to employees of a school northeast of Seattle who claimed chemicals made by the company called polychlorinated biphenyls, or PCBs, leaked from light fixtures and got them sick. The award included nearly $50 million in compensatory damages, and $115 million in punitive damages. Monsanto said in a statement that it will contest Monday's verdict, and that blood, air and other tests show the school employees were not exposed to unsafe levels of PCBs. PCBs are chemicals once widely used to insulate electrical equipment and in other common products like carbon copy paper, caulking, floor finish and paint. Employees, students and others have claimed in numerous lawsuits against the company that exposure to PCBs at the Sky Valley center caused their cancers, thyroid conditions and other health problems.
Persons: Wolfgang Rattay, Monsanto, Clark Mindock, Alexia Garamfalvi, Richard Chang Organizations: Bayer AG, REUTERS, Monsanto, Sky Valley Education, Thomson Locations: Leverkusen, Germany, U.S, Seattle, Washington, Sky, Monroe , Washington
An advertisement promotes Tesla Autopilot at a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann/ File Photo Acquire Licensing RightsCompanies Tesla Inc FollowNov 21 (Reuters) - A Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling. The ruling is a setback for Tesla after the company won two product liability trials in California earlier this year over the Autopilot driver assistant system. Banner's attorney, Lake "Trey" Lytal III, said they are "extremely proud of this result based in the evidence of punitive conduct." The judge also cited a 2016 video showing a Tesla vehicle driving without human intervention as a way to market Autopilot.
Persons: Arnd, Elon Musk, Judge Reid Scott, Tesla, Stephen Banner's, Banner, Bryant Walker Smith, Smith, Scott, Banner's, Joshua Brown, Trey, Lytal, Dan Levine, Richard Chang, Stephen Coates Organizations: REUTERS, Tesla, Palm, University of South, Thomson Locations: U.S, Zurich, Switzerland, Florida, Palm Beach County, California, Miami, University of South Carolina
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