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☆ India wins men’s T20 World Cup, defeating South Africa in dramatic final
▼ + stars: | 2024-06-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —India produced a brilliant performance to defeat South Africa by just seven runs in a dramatic men’s T20 World Cup final, ending a long 13-year wait for the cricket-obsessed nation since its last World Cup win. Victory sparked jubilant and emotional celebrations for India after a year of heartbreak for many of its players who lost to Australia in the finals of both the ODI Cricket World Cup and World Test Championship. India was under pressure early in its innings as some sharp South African bowling reduced it to 39-3 after five overs. South Africa continued to build steadily and almost found itself in a match-winning position when Heinrich Klaasen produced an astonishing performance in the 15th over, hitting Axar for 24 runs and racing towards a half century in just 23 balls, the fastest ever in a men’s T20 World Cup final, according to Opta. That gave India the platform it needed and it held on to take the victory by the narrowest of margins.

Persons: Suryakumar Yadav, Victory, Axar Patel, Virat Kohli, Rabada, India's Suryakumar Yadav, Randy Brooks, Axar, Quinton de Kock, Shivam Dube, Kohli, Jasprit Bumrah, Reeza Hendricks, Robert Cianflone, De, Tristan Stubbs, Stubbs, Heinrich Klaasen, Pandya, Rishabh Pant, Rohit Sharma, stymieing, Marco Jansen, David Miller, Alex Davidson Organizations: CNN, Cricket, India, Getty, Axar, ICC, South Locations: India, South Africa, Bridgetown, Barbados, Australia, AFP, De Kock, De Kock . South Africa

☆ Afghanistan enjoys historic run to T20 World Cup semifinals: ‘Cricket is the only source of happiness back home’
▼ + stars: | 2024-06-26 | by ( Ben Morse | Masoud Popalzai | ) edition.cnn.com time to read: +8 min

Afghanistan fans celebrate the team's win against Bangladesh at the T20 World Cup. Gurbaz is the leading run scorer at the T20 World Cup. “That Afghanistan team got into the semis for the first time,” the 25-year-old told the International Cricket Council (ICC) website. It’s an unbelievable feeling.”Khan (middle) celebrates the dismissal of India's Rishabh Pant at the T20 World Cup. And in a statement posted online, the Afghanistan Cricket Board expressed its “disappointment” towards Australia’s decision and “reiterates its stance on neutral and politics-free cricket across the globe.”

Persons: – couldn’t, Ashraf Ghani, Mullah Amir Muttaqi, Mullah Khairullah Khairkhah, Rashid Khan, ” Khan, cramp, Jonathan Trott, Ricardo Mazalan, Raees Ahmadzai, Khan –, Mohammad Nabi, Hashmatullah, Rahmanullah Gurbaz, Ibrahim Zadran, Fazalhaq Farooqi, Ramon Espinosa, Trott, Khan, Nabi, Noor Ahmad –, bamboozled, Gurbaz, “, ”, India's Rishabh Pant, Randy Brooks, Barney Ronay, Suhail Shaheen, ” Shaheen Organizations: CNN, Pakistan, Afghanistan Cricket Board, Bangladesh, AFP, Getty, Australia, Afghan national cricket team, International Cricket Council, ICC, Afghanistan, United, Guardian, ACB, FIFA, International Olympic Committee Locations: Australia, Afghanistan, Africa, Trinidad and Tobago, Bangladesh, “, AFP, Taliban, United States, Doha

☆ T20 Cricket World Cup: Pakistan succumbs to heartbreaking defeat against archrival India
▼ + stars: | 2024-06-09 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Pakistan’s heartbreaking Men’s T20 Cricket World Cup continued as it succumbed to a dramatic six-run defeat against archrival India on Sunday following its shock loss to the USA earlier in the week. Often described as one of the greatest sporting grudge matches in the world, an India-Pakistan cricket match is always bound up in the geopolitical faultlines that separate the two nations. India narrowly defeated Pakistan. But the game turned on its head with six overs left when Jasprit Bumrah bowled Rizwan and took the momentum away from Pakistan. It set up a grandstand finish with Pakistan needing 18 runs off six balls in the last over and it ultimately fell just short.

Persons: CNN —, Stefan Jeremiah, Rohit Sharma, Virat Kohli, Rohit heaved, Kohli, Rohit, Haris Rauf, Shaheen Afridi, India’s, Robert Cianflone, Rishabh Pant, Mohammad Rizwan, Jasprit Bumrah, Rizwan Organizations: CNN, archrival India, Pakistan, Nassau County International, Nassau Locations: India, Pakistan, New York

☆ A fast-paced spell-off capped the night: Takeaways from the spelling bee.
▼ + stars: | 2024-05-30 | by ( Emmett Lindner | More About Emmett Lindner | ) www.nytimes.com time to read: +1 min

The Scripps National Spelling Bee on Thursday came down to its second-ever spell-off, a fast-and-furious tiebreaking round that rewards speed as much as accuracy. When the results were tallied, Bruhat — a 12-year-old from Tampa, Fla. — came out on top with a superhuman total of 29 correct words, seven more words than the previous spell-off winner in 2022. If you weren’t able to watch the finals on Thursday night, here are three takeaways. The difficulty of the finals was immediately apparent: The first speller onstage, Rishabh Saha, misspelled “desmotrope,” a chemistry term. As an eighth-grader, Rishabh will not be eligible to compete in the 2025 Scripps Bee.

Persons: Soma, Faizan Zaki, Bruhat, Rishabh Saha, “, Rishabh Organizations: Scripps, Spelling, Scripps Bee Locations: Tampa, Fla, —

☆ A 12-Year-Old Wins Astonishing Spell-Off at Scripps National Spelling Bee
▼ + stars: | 2024-05-30 | by ( Aimee Ortiz | ) www.nytimes.com time to read: +3 min

PinnedTing Shen for The New York TimesTing Shen for The New York TimesCredit... Ting Shen for The New York TimesBruhat Soma held his trophy high after winning the second-ever spell-off at the Scripps Bee. The Scripps National Spelling Bee on Thursday came down to its second-ever spell-off, a fast-and-furious tiebreaking round that rewards speed as much as accuracy. Image Credit... Ting Shen for The New York TimesThe next competitor, Aditi Muthukumar, was asked to spell Lillooet, a Salishan people of the Fraser River valley in British Columbia. Immediately after Aditi came Bruhat, the night’s eventual champion, who correctly spelled “Okvik,” from an Alaskan geographical name. Image Credit... Ting Shen for The New York TimesFaizan, who is from the Dallas area, came in second place after spelling 20 words correctly in the spell-off.

Persons: Ting Shen, The New York Times Ting Shen, Soma, Faizan Zaki, Bruhat, Rishabh Saha, “, Rishabh, The New York Times Shrey Parikh, ”, Ananya Prassanna, YY Liang, Kirsten Santos, “ Jumano, Aditi Muthukumar, Aditi, “ Okvik, The New York Times Faizan Organizations: The New York Times, The New York Times Credit, Scripps Bee, Scripps, Spelling, Texas, Bee, Lone Star State, Texans Locations: Tampa, Fla, —, Philippines, Southwest, South Plains, Lillooet, Fraser, British Columbia, Texas, Dallas, United States, spellers, California, New York

☆ UK's Cameron Raises Red Sea, Human Rights Issues With Chinese Counterpart
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - British foreign minister David Cameron met with Chinese Foreign Minister Wang Yi at the Munich Security Conference on Friday, the Foreign Office said in a statement. Cameron told his counterpart that China should use its influence on Iran to pressure the Houthi militants over their actions in the Red Sea, the statement on Saturday said. Cameron also set out Britain's position on human rights issues in Xinjiang and Hong Kong, raised the case of British parliamentarians sanctioned by China, and again called for the release of media tycoon Jimmy Lai. War in Israel and Gaza View All 209 Images(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Sandra Maler)Photos You Should See View All 33 Images

Persons: David Cameron, Wang Yi, Cameron, Jimmy Lai, Rishabh, Sandra Maler Organizations: Reuters, Foreign, Munich, China Locations: China, Iran, Red, Xinjiang, Hong Kong, Israel, Gaza, Bengaluru

REUTERS/Hannah McKay/File photo Acquire Licensing RightsLONDON, Dec 5 (Reuters) - British Home Secretary James Cleverly will arrive in Rwanda on Tuesday to sign a new treaty to send asylum seekers to the African nation after the UK's top court declared the deportation scheme unlawful. But the United Kingdom's Supreme Court last month ruled the flights would violate international human rights laws enshrined in domestic legislation. Since that ruling, Britain has been seeking to renegotiate its agreement with Rwanda to include a binding treaty that it would not expel asylum seekers sent there by Britain - one of the court's major concerns. The court said the plan breached international undertakings - including the European Convention on Human Rights, the United Nations' Refugee Convention and Convention against Torture. The Rwanda policy was originally announced by former Prime Minister Boris Johnson last year, but no asylum seekers have been sent to the country yet.

Persons: James, Hannah McKay, Vincent Biruta, Rishi Sunak, Sunak, Boris Johnson, Andrew MacAskill, Michael Holden, Rishabh Jaiswal, Richard Chang, Christopher Cushing Organizations: REUTERS, European, Human, United Nations, Refugee Convention, Torture, Conservative Party, Human Rights, Thomson Locations: London, Britain, Rwanda, Rwanda's, Kigali, Europe

☆ ICC prosecutor to visit Israel at request of Oct. 7 Hamas attack victims
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

International Criminal Court Prosecutor Karim Khan speaks during an interview with Reuters about the violence in Israel and the occupied Palestinian territories in The Hague, Netherlands October 12, 2023. REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing RightsNov 30 (Reuters) - International Criminal Court (ICC) chief prosecutor Karim Khan is visiting Israel at the request of Israeli survivors and the families of victims of the Oct. 7 Hamas attacks from Gaza, the court said on Thursday. Khan will also visit Ramallah in the occupied West Bank to meet with senior Palestinian officials, the ICC said. The visit will not be investigative, the ICC said, adding that it "represents (an) opportunity to express sympathy for all victims and engage in dialogue." Last month, Israeli families of victims of the Hamas attacks appealed to the ICC to order an investigation into the killings and abductions.

Persons: Karim Khan, de, Khan, Israel, Rishabh, Jonathan Oatis Organizations: Reuters, REUTERS, Criminal Court, ICC, West Bank, United Nations, Thomson Locations: Israel, The Hague, Netherlands, Gaza, Ramallah, Bengaluru

Shein has not determined the size of its offering or the valuation at IPO, the sources said. Shein, Goldman and JPMorgan declined to comment, while Morgan Stanley did not immediately respond to a request for comment. The most valuable China-founded enterprise to go public in the United States so far is ride-hailing giant Didi Global's (92Sy.MU) debut in 2021 at $68 billion valuation. In 2021, the comparable number was $300 billion when the IPO market was close to its peak. Fast fashion retailers have been gaining popularity in the United States, with Shein taking away market share from the likes of Gap (GPS.N) as shoppers look for fresher styles.

Persons: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Shein, Goldman, Didi Global's, Jason Benowitz, David, Dee, Delgado, CSRC, Simon Property, Sumeet Singh, It's, Pritam Biswas, Ananya Mariam Rajesh, Kane Wu, Anirban Sen, Rishabh, Scott Murdoch, Miyoung Kim, Stephen Coates Organizations: Amazon, JPMorgan, Bloomberg, Arm Holdings, Roosevelt, REUTERS, China Securities Regulatory Commission, U.S, Reuters, Securities and Exchange Commission, SPARC Group, Forever, Brands, Simon, Aequitas Research, China's Shanghai Securities, Street, Thomson Locations: United States, China, U.S, Singapore, New York City, Shein, Bengaluru, Hong Kong, New York, Sydney

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, and Shein could go public sometime in 2024, the sources said. Shein has been planning to go public for the last few years, but halted plans almost twice since then. The fast-fashion giant's decision now comes at a time when the broader market for new issues remains laggard. Fast fashion retailers have been gaining popularity in the United States, with Shein taking away market share from the likes Gap (GPS.N) as shoppers look for fresher styles and trendier clothing. Shein's confidential IPO was first reported by the Wall Street Journal earlier on Monday.

Persons: David, Dee, Delgado, Shein, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Didi Global's, Simon Property, Pritam Biswas, Ananya Mariam Rajesh, Anirban Sen, Rishabh Jaiswal, Arun Koyyur, Sherry Jacob, Phillips Organizations: REUTERS, Reuters, JPMorgan, chipmaker Arm Holdings, New York Stock Exchange, Nasdaq, SPARC Group, Forever, Brands, Simon, Wall Street, Thomson Locations: New York City, U.S, China, United States, Singapore, Bengaluru, New York

☆ EU condemns Darfur violence and warns of 'another genocide'
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

Nov 12 (Reuters) - The European Union (EU) condemned on Sunday an escalation of violence in Sudan's Darfur region, warning of the danger of "another genocide" after conflict there between 2003-2008 killed some 300,000 people and displaced more than 2 million. A war since April between Sudan's regular army and Rapid Support Forces (RSF) paramilitary has destabilised the western region and reignited long-simmering feuds there. "These latest atrocities are seemingly part of a wider ethnic cleansing campaign conducted by the RSF with the aim to eradicate the non-Arab Masalit community from West Darfur, and comes on top of the first wave of large violence in June," Borrell said. "The international community cannot turn a blind eye on what is happening in Darfur and allow another genocide to happen in this region." The RSF said last week it had taken control of the army headquarters in West Darfur's capital of El Geneina.

Persons: Josep Borrell, Borrell, RSF, El, Rishabh, Andrew Cawthorne Organizations: European Union, Sudan's, Rapid Support Forces, Reuters, Thomson Locations: Sudan's Darfur, Ardamta , West Darfur, West Darfur, Darfur, West Darfur's, El Geneina, Bengaluru

[1/2] United Auto Workers President Shawn Fain greets workers at the Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. The UAW released more details of its tentative 4-1/2 year deal with GM <on Saturday. Temporary workers will have a faster path to full-time status and could see wages rise by about 50% immediately. The GM agreement will move more than 7,000 UAW workers in GM component plants, service parts warehouses and what GM calls "subsystems" operations up to the higher wage levels paid to assembly plant workers. "This contract has wage increases and economic gains like nothing we've ever seen before," UAW Vice President Mike Booth said.

Persons: Shawn Fain, Rebecca Cook, Mike Booth, Fain, Joe White, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Rights DETROIT, General Motors, UAW, GM, Detroit, Ford, Chrysler, Auto, Toyota, Honda, Volkswagen, Hyundai, Tesla, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Lordstown , Ohio, Orion, Michigan, Spring Hill , Tennessee, Detroit, Bengaluru

☆ Fitch follows S&P in cutting Orsted's outlook
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: 1 min

A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsCompanies Orsted A/S FollowNov 3 (Reuters) - Rating agency Fitch on Friday downgraded the outlook on Danish renewable energy firm Orsted's (ORSTED.CO) rating to negative, a day after S&P warned of a possible debt downgrade due to the company's massive losses on projects in the United States. Fitch affirmed Orsted's Long-Term Issuer Default Rating (IDR) at 'BBB+'. The world's largest offshore wind developer on Wednesday said it had halted plans for two U.S. wind farms and that related impairments had surged above $5 billion, sending its share price down 26% to a six-year low. Reporting by Rishabh Jaiswal in Bengaluru Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Little, Fitch, Orsted's, Rishabh, Tomasz Janowski Organizations: REUTERS, Thomson Locations: Nysted, Denmark, United States, Bengaluru

☆ Chinese-owned pork producer Smithfield prepares for US listing -WSJ
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

A painted pig stands on the lawn of Smithfield Foods executive offices in Smithfield, Virginia May 30, 2013. REUTERS/Rich-Joseph Facun/File Photo Acquire Licensing RightsOct 18 (Reuters) - Smithfield Foods' Chinese owner WH Group (0288.HK) is working with banks to take the U.S.-based pork producer public again in the United States, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Smithfield could list its shares as early as next year, the WSJ reported, adding the deliberations are ongoing and the timing could change. Smithfield and WH Group did not immediately respond to a Reuters request for comment. WH Group bought Smithfield in 2013 in a $4.7-billion deal aimed at tapping the massive supplies of U.S. meat for export to China.

Persons: Joseph Facun, Rishabh, Savio D'Souza Organizations: Smithfield Foods, REUTERS, WH, Wall Street, WSJ, WH Group, Missouri Worker, Thomson Locations: Smithfield , Virginia, HK, U.S, United States, Smithfield, China . Virginia, Missouri, Bengaluru

☆ China's Big Tree Cloud in $500 mln SPAC deal for US listing
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon Acquire Licensing RightsOct 10 (Reuters) - U.S. blank-check firm Plutonian Acquisition Corp (PLTNU.O) agreed to merge with Big Tree Cloud International Group for the Chinese personal care products company to go public in a deal that will value the combined enterprise at about $500 million. After the completion of the merger with the special purpose acquisition company, Big Tree Cloud International Group will be operated under a holding entity named Big Tree Cloud Holdings Ltd and listed on the Nasdaq Stock Market, according to the statement. Big Tree Cloud, based in the southern Chinese tech hub Shenzhen and founded in 2020, focuses on feminine hygiene products like sterilized feminine pads and menstrual pants. "The proposed business combination with Plutonian Acquisition will enable us to accelerate our effort of accomplishing our mission of offering premium personal care products to consumers and expanding our product portfolio beyond feminine care," said Big Tree Cloud founder Wenquan Zhu.

Persons: Wenquan Zhu, Rishabh, Roxanne Liu, Rashmi Aich, Subhranshu Organizations: Nasdaq, REUTERS, Plutonian, Cloud, Group, U.S . Securities, Exchange Commission, Market, Cloud Holdings, Thomson Locations: New York City, U.S, Shenzhen, Bengaluru, Beijing

☆ Walgreens pharmacy employees plan walkout at US stores, CNN reports
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Walgreens Boots Alliance Inc FollowOct 6 (Reuters) - Pharmacy employees at some U.S. Walgreens (WBA.O) stores, including pharmacists, technicians and support staff, plan a walkout between Monday and Wednesday, CNN reported on Friday, citing an organizer. Some employees plan to walk out for one day, while others expect to close their pharmacies for all three, the network said, citing employees in three states. The walkout is in response to what pharmacy employees call burdensome prescription and vaccination expectations placed on pharmacists, the report said. Walgreens said in an emailed response it was engaged and listening to concerns raised by some of its team members.

Persons: Andrew Kelly, Walgreens, Kaiser, Dimpal, Devika Nair, Rishabh, Sandra Maler, Rosalba O'Brien, William Mallard Organizations: Walgreens, Walgreens Boots Alliance, Inc, REUTERS, CNN, Reuters, Kaiser Permanente, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Walgreens pharmacy employees plan walkout at US stores - CNN
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

☆ Magnitude 5.6 earthquake strikes northwestern Afghanistan - GFZ
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: 1 min

Oct 7 (Reuters) - An earthquake of magnitude 5.6 struck northwestern Afghanistan on Saturday, the German Research Center for Geosciences (GFZ) said. GFZ revised the magnitude down from an initial reading of 6.2 for the quake, which it said was at a depth of 10 km (6.2 miles). Reporting by Rishabh Jaiswal in Bengaluru; Editing by Edwina Gibbs and William Mallard私たちの行動規範：トムソン・ロイター「信頼の原則」

Persons: GFZ, Rishabh, Edwina Gibbs, William Mallard 私 Organizations: German Research Center, Geosciences Locations: Afghanistan, Bengaluru

☆ At least 15 dead in Afghanistan earthquakes, official says
▼ + stars: | 2023-10-07 | by ( Mohammad Yunus Yawar | ) www.reuters.com time to read: +1 min

KABUL, Oct 7 (Reuters) - At least 15 people were killed and 40 injured after multiple earthquakes struck western Afghanistan on Saturday, a disaster management official told Reuters. The quake registered a magnitude of 6.3, the U.S. Geological Survey (USGS) said, with subsequent quakes striking 35 km (20 miles) northwest of the city of Herat. The casualty figures are based on primary reports from the Zinda Jan district of Herat province, said Mullah Jan Sayeq, spokesperson for Afghanistan's ministry of disaster management. He added that the earthquakes had also shaken the provinces of Farah and Badghis, where there are reports of widespread damage to houses, but no details about casualties there yet. Emergency teams and volunteers are preparing to go Herat and help victims, Erfanullah Sharafzoi, spokesperson for the Afghan Red Crescent said.

Persons: Jan Sayeq, Erfanullah Sharafzoi, Crescent, Naseema, Rishabh, Mohammad Yunus Yawar, Giban Peshimam, Edwina Gibbs, William Mallard Organizations: Reuters, U.S . Geological Survey, Afghan, Thomson Locations: KABUL, Afghanistan, U.S, Herat, Herat province, Farah, Badghis, Bengaluru, Kabul

☆ Drone Attack Near Moscow Thwarted by Russian Defence Forces TASS
▼ + stars: | 2023-10-06 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Russian air defence forces took down a Ukrainian drone near Moscow early on Saturday that appeared to cause no damage or injuries, Russian state-owned news agency TASS reported. The attack, repelled over the Istra district northwest of the capital, was an attempt by Ukraine to attack Russian facilities, TASS reported, citing Russia's Defense Ministry. Moscow Mayor Sergei Sobyanin said preliminary reports showed no casualties or damage but that "emergencies services are working at the scene," TASS said, citing his channel on the Telegram messaging app. The reported attack on Russia follows Russian air strikes on Ukraine on Friday that Ukrainian officials said killed a 10-year-old boy and his grandmother in Kharkiv and damaged grain and port infrastructure in the Odesa region. A day earlier, Ukrainian officials said dozens were killed in the village of Hroza in northeastern Ukraine during a gathering to mourn a fallen Ukrainian soldier.

Persons: Sergei Sobyanin, Rishabh, William Mallard Organizations: Reuters, TASS, Russia's, Ministry, Moscow, Moscow's Locations: Ukrainian, Moscow, Russian, Istra, Ukraine, Russia, Kharkiv, Odesa, Hroza, Bengaluru

☆ Canadian union Unifor sets Oct 9 deadline for GM negotiations
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsSept 28 (Reuters) - Canadian labor union Unifor said on Thursday it has informed General Motors (GM.N) that Oct. 9 has been set as the deadline for negotiating a deal with the U.S. automaker. Unifor had announced GM as its second bargaining target in contract talks with the Detroit Three on Monday, a day after ratifying a new three-year contract with Ford Motor (F.N). Meanwhile, in the U.S., negotiators for the United Auto Workers (UAW) union could strike additional Detroit Three automotive facilities on Friday if there is no substantial progress in labor negotiations. The UAW had launched its walkouts on Sept. 15, its first simultaneous strikes at General Motors, Chrysler parent Stellantis (STLAM.MI) and Ford.

Persons: Rebecca Cook, Unifor, Juby Babu, Rishabh Jaiswal, Sherry Jacob, Phillips, Rashmi Organizations: General Motors, REUTERS, Motors, U.S ., Ford, GM Canada, Oshawa Operations, Catharines Propulsion Plant, Distribution, GM, Detroit, Ford Motor, United Auto Workers, UAW, Chrysler, Thomson Locations: Detroit , Michigan, U.S, Unifor, Canada, St, Catharines, Woodstock, Bengaluru

☆ SBB sells 1.16% of education unit, receives $700 million as part of loan repayment
▼ + stars: | 2023-09-24 | by ( Rishabh Jaiswal | ) www.reuters.com time to read: +2 min

Sept 24 (Reuters) - Swedish property group SBB (SBBb.ST) on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) as it looks to bolster its finances. SBB will hold approximately 49.84% of EduCo after the divestment, following which EduCo will be controlled by Brookfield. As part of the deal announced on Sunday, EduCo will repay part of its inter-company loan from SBB, resulting in the Stockholm-based company receiving approximately 7.8 billion Swedish crowns ($700.46 million) in cash. SBB's remaining loan to EduCo will be around 5.5 billion Swedish crowns. Brookfield Super-Core Infrastructure Partners is the infrastructure fund of Canada's Brookfield Asset Management(BAM.TO).

Persons: EduCo, Brookfield, Rishabh, Barbara Lewis, Sharon Singleton Organizations: SBB, Sunday, Brookfield, Core Infrastructure Partners, International Monetary Fund, Brookfield Asset Management, Community, Thomson Locations: Brookfield, Sweden, Stockholm, EduCo, Bengaluru

☆ Adevinta confirms acquisition proposal from Blackstone-Permira consortium
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Sept 21 (Reuters) - EBay-backed online classifieds group Adevinta (ADEA.OL) said on Thursday it has received a proposal from a consortium led by Permira and Blackstone (BX.N) regarding a potential offer to acquire the company. Bloomberg News, which had earlier reported on the potential acquisition, said the consortium was studying a possible deal to take Adevinta private. Norwegian media group Schibsted (SCHA.OL), a major Adevinta shareholder, and eBay (EBAY.O) expressed their support for the proposal and will retain part of their current stake, Adevinta said. EBay in 2021 sold part of its stake in Adevinta to Permira for $2.25 billion. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Shweta Agarwal and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Adevinta, Blackstone, Permira, Rishabh, Shweta Agarwal, Shounak Organizations: EBay, Permira, Blackstone, Bloomberg, eBay, Thomson Locations: Oslo, Norwegian, Adevinta, Permira, Bengaluru

Talks continued between union representatives and company management on the sixth day of a coordinated walkout, a day after Ford (F.N) averted a strike by Canadian workers. The UAW launched a strike against Ford, General Motors (GM.N) and Stellantis last week, targeting one U.S. assembly plant at each company. UAW workers also want to end a tiered wage structure that they say has created a large gap between newer and older employees, forcing some to work two jobs to make ends meet. We’re serious about this,” said Victor Holloway, 24, of Westland, Michigan, who has worked at the Ford plant in Wayne, Michigan, since 2021. U.S. President Joe Biden is wearing a red tie on Wednesday in solidarity with UAW workers, the White House said.

Persons: Mark Reuss, “ We’re, ”, Victor Holloway, Rebecca Cook, Stellantis, Ram, Reuters Graphics Ford, Unifor, Ford, Joe Biden, Biden, Shawn Fain's, David Shepardson, Joe White, Ben Klayman, Anirudh, Richard Chang, Will Dunham, Matthew Lewis, Deepa Babington Organizations: DETROIT, United Auto Workers, Ford, Detroit, Detroit Free Press, UAW, General Motors, Ford Bronco, Chevrolet, Reuters, GM, REUTERS, GM's, Silverado, Reuters Graphics, Kokomo, RSM, Thomson Locations: Michigan , Ohio, Missouri, Chevrolet Colorado, Westland , Michigan, Wayne , Michigan, Fairfax , Kansas, Toledo , Ohio, U.S, Canada, Canadian, Ohio, Indiana, Kokomo , Indiana, Washington, Detroit, Bengaluru

DETROIT, Sept 20 (Reuters) - Talks were ongoing on Wednesday between union representatives and company management in the sixth day of the United Auto Workers strike at the Detroit Three automakers, a day after Ford (F.N) averted a walkout by Canadian workers. The UAW launched a strike against Ford, General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI) last week, targeting one U.S. assembly plant at each company. The UAW's coordinated U.S. action led to about 12,700 workers going on strike last week. Ford reached a last-minute deal to avoid a walkout at its Canadian operations late on Tuesday. Unifor, which represents about 5,600 Canadian auto workers, had been threatening to go on strike at all three of Ford's plants in that country if a deal was not reached by late on Tuesday.

Persons: Ford, Mark Reuss, Carlos Osorio, Ram, Unifor, Stellantis, Anirudh Saligrama, David Shepardson, Ben Klayman, Will Dunham, Richard Chang, Jamie Freed Organizations: DETROIT, United Auto Workers, Detroit Three, Ford, UAW, General Motors, Chrysler, Ford Bronco, Chevrolet, Motors, Detroit, Detroit Free Press, Plant, REUTERS, GM's, Silverado, GM, RSM, Kokomo, Thomson Locations: Michigan , Ohio, Missouri, Chevrolet Colorado, Kansas, Oakville, Oakville , Ontario, Canada, Ford Canada, Canadian, Ohio, Indiana, Toledo, Kokomo , Indiana, Bengaluru, Washington, Detroit

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