DIRS.INFO The most relevant business & tech news

☆ Bagnaia keen to seal title and join greats Rossi, Marquez
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

Only Valentino Rossi and Marc Marquez have won consecutive titles and while Bagnaia would love to join them, he says his focus must be on racing. "From my memory, just Vale and Marc did it," Bagnaia said at the pre-event press conference on Thursday. Tomorrow (Friday) will be very important to understand everything and Saturday will be very important to be competitive and to try and win the sprint race," he added. "The maximum goal will be to start on the front row and then push in the sprint race to have the possibility to win." I will try to enjoy the weekend and win both races."

Persons: Francesco Bagnaia, Pramac Racing's Jorge Martin, Martin, Valentino Rossi, Marc Marquez, Bagnaia, Marc, Pearl Josephine Nazare, Peter Rutherford Organizations: Ducati, Thomson Locations: Valencia, Qatar, Bengaluru

☆ Britain's Lloyds shake-up puts around 2,500 jobs at risk - source
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

Lloyds Bank logo and rising stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 24 (Reuters) - Britain's biggest high street bank Lloyds (LLOY.L) is putting around 2,500 jobs at risk as part of a shake-up, a source familiar with the matter told Reuters, amid a renewed push by lenders to slash costs. Staff are expected to be informed of the process as early as next week, the source said, adding it would also involve the creation of 120 roles. The news comes after Reuters reported on Thursday that Lloyds' rival Barclays (BARC.L) is working on plans to save up to 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs. But investor concerns about tougher competition for savers' cash and potential loan defaults amid a cost-of-living crisis are weighing on the sector.

Persons: Dado Ruvic, Iain Withers, Lawrence White, Gursimran Kaur, Devika Syamnath, Hugh Lawson Organizations: Lloyds Bank, REUTERS, Lloyds, Staff, Guardian, Reuters, Barclays, savers, Thomson Locations: London, Bengaluru

☆ S&P revises Bahrain's outlook to 'stable' on fiscal deficit worries
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

General view of Bahrain World Trade Center is seen during early evening hours in Manama, Bahrain, May 2, 2020. REUTERS/Hamad I Mohammed/File Photo Acquire Licensing RightsNov 24 (Reuters) - S&P Global Ratings on Friday revised Bahrain's outlook to "stable" from "positive", citing spending pressures that could push the country's fiscal deficit wider than the credit ratings agency previously expected. "We expect the government will reinvigorate reforms to consolidate its fiscal position, largely via increasing non-oil revenue through 2026," it said in a statement. The agency now projects fiscal deficits of 3% to 4% of Bahrain's GDP over 2023-26, compared with 2% to 3% in its previous review. S&P peer Fitch affirmed Bahrain at 'B+' with stable outlook in July, while Moody's changed Bahrain's outlook to stable from negative and affirmed B2 ratings in April last year.

Persons: Hamad I Mohammed, Fitch, Moody's, Vedant Vinayak Vichare, Devika Syamnath, Arun Koyyur Organizations: Bahrain World Trade, REUTERS, Navy's, Thomson Locations: Bahrain, Manama, Bengaluru

☆ Australia outclass Finland to return to Davis Cup final
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

MALAGA, Spain, Nov 24 (Reuters) - Australia reached a second successive Davis Cup final when Alex de Minaur overpowered Emil Ruusuvuori 6-4 6-3 after Alexei Popyrin beat Otto Virtanen 7-6(5) 6-2 to earn the 28-time champions a 2-0 win over Finland on Friday. "Extremely proud moment but I could have not done it without these guys," De Minaur said, pointing to his team. Popyrin, a late switch for the injured Thanasi Kokkinakis, grabbed the first break in the second set when Virtanen hit two successive double faults as Australia sensed an opportunity. "It's nerves that I've never experienced before in my life, the nerves playing the first tie, the first rubber of a Davis Cup, winning my first live rubber of a Davis Cup. De Minaur said Australia would be tricky opponents for any team in the final and tipped the doubles duo of Matthew Ebden and Max Purcell to play a vital role.

Persons: Alex de Minaur, Emil Ruusuvuori, Alexei Popyrin, Otto Virtanen, Lleyton Hewitt's, De Minaur, Alexei hasn't, Popyrin, Thanasi Kokkinakis, Virtanen, I've, Matthew Ebden, Max Purcell, We've, Shrivathsa Sridhar, Toby Davis, Ed Osmond, Ken Ferris Organizations: Davis, Finland, Friday, men's, Finns, Ruusuvuori, Canada, Australia, Thomson Locations: MALAGA, Spain, Australia, Canada, United States, Serbia, Italy, Finland, Malaga, Netherlands, Czech Republic, Fuengirola, Bengaluru

[1/4] Olympic and Paralympic track star Oscar Pistorius leaves court after appearing for the 2013 killing of his girlfriend Reeva Steenkamp in the North Gauteng High Court in Pretoria, South Africa, June 14, 2016. REUTERS/Siphiwe Sibeko/Files Acquire Licensing RightsJOHANNESBURG, Nov 24 (Reuters) - South African former Paralympic star Oscar Pistorius, jailed nine years ago for killing his girlfriend Reeva Steenkamp, was granted parole on Friday effective from Jan. 5. His total sentence was lengthened to six years in 2016, less than half the 15-year minimum term sought by prosecutors. In 2017, the Supreme Court more than doubled his total sentence to 13 years and five months, saying the six-year jail term was "shockingly lenient". Pistorius was denied parole in March after it was ruled that he had not completed the minimum detention period required to be considered for parole.

Persons: Oscar Pistorius, Reeva Steenkamp, Siphiwe, Pistorius, Steenkamp, Mr Pistorius, Rob Matthews, I'm, Oscar, Matthews, Bhargav Acharya, Tannur Anders, Nick Macfie, Toby Chopra, Andrew Heavens Organizations: North, North Gauteng High Court, REUTERS, Rights, Paralympic, Appeal, Department of Correctional Services, Pistorius, Rehabilitation, Constitutional, Thomson Locations: North Gauteng, Pretoria, South Africa, Rights JOHANNESBURG

☆ Gold steadies; poised for second weekly gain on weaker dollar
▼ + stars: | 2023-11-24 | by ( Brijesh Patel | ) www.reuters.com time to read: +2 min

REUTERS/Alexander Manzyuk/File Photo Acquire Licensing RightsSummaryCompanies Gold up 0.7% so far this weekPlatinum eyes second weekly gainDollar heads for second weekly fallNov 24 (Reuters) - Gold held steady on Friday, set for its second consecutive weekly gain, supported by a weaker U.S. dollar as markets grew confident that the Federal Reserve was done with its interest rate hikes. The dollar index (.DXY) slipped 0.2% against its rivals and was on track for a second weekly drop, making gold less expensive for other currency holders. Earlier this week, the Fed minutes showed the central bank would proceed "carefully" and "all participants judged it appropriate to maintain" the current rate setting. "There is that disconnect between market expectations for rates and what the Fed minutes showed and that's what's causing some hesitation in the price of gold," Waterer said. Platinum was flat at $915.57, but was heading for its second weekly rise.

Persons: Alexander Manzyuk, Tim Waterer, CME's, Waterer, Brijesh Patel, Sherry Jacob, Phillips, Rashmi Organizations: REUTERS, Federal, KCM Trade, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

☆ India's Tata Technologies' IPO garners bids worth over $18 bln
▼ + stars: | 2023-11-24 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

A Tata sign is seen outside their offices in London, Britain March 30, 2016. REUTERS/Toby Melville//File Photo Acquire Licensing RightsBENGALURU, Nov 24 (Reuters) - India's Tata Technologies' 30.43 billion rupee ($366 million) initial public offering (IPO) remained the most oversubscribed domestic IPO this week, signalling robust demand for the Tata group's first public float in nearly two decades. Investors bid for about 3.13 billion shares worth 1.56 trillion rupees ($18.74 billion) by the close of subscriptions on Friday, compared with the 45 million shares on offer, with institutional investors showing the most interest. This is the first Tata group company IPO since Tata Consultancy Services (TCS.NS) in 2004. Tata Technologies, which provides engineering and technology services to auto, aero and heavy machinery makers, will be valued at 202.83 billion rupees at the top-end of its price band of 475-500 rupees.

Persons: Toby Melville, Arun Kejriwal, Rama Venkat, Sonia Cheema Organizations: Tata, REUTERS, Rights, India's Tata Technologies, Tata group's, Kejriwal Research, Investment Services, Tata Consultancy Services, Tata Technologies, Fedbank Financial Services, Flair, Industries, Indian Renewable Energy Development Agency, Gandhar Oil, Kejriwal, Thomson Locations: London, Britain, India, Bengaluru

The minister described it as a "non-negotiable" demand of the Indian government during the meeting, said one of the sources. India's IT ministry said in a press statement all platforms had agreed to align their content guidelines with government rules. Alphabet Inc's (GOOGL.O) YouTube, Facebook and Chandrasekhar did not immediately respond to a request for comment. The Indian government and Prime Minister Narendra Modi have raised concerns over deepfakes in recent days. India has been tightening regulations of social media companies, which count the South Asian nation as a top growth market.

Persons: Dado Ruvic, Rajeev Chandrasekhar, Chandrasekhar, Narendra Modi, Munsif Vengattil, Aditya Kalra Organizations: Facebook, REUTERS, Rights, YouTube, Reuters, Thomson Locations: India

AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. The Global X Robotics & Artificial Intelligence ETF (BOTZ.O) received $35.5 million in net inflows in the week ending on Wednesday, its strongest since June earlier this year, according to Lipper data. "Improved inflation data and the likelihood of rate cuts in the second half of 2024 have maintained market optimism throughout November, contributing to investor interest," said Tejas Dessai, AVP, Research Analyst at Global X. So far this year, the Global X fund has gained 27.7% year-to-date, supported by the 233% rally in shares of its top holding Nvidia (NVDA.O), whose graphics processing units (GPUs) dominate the market for AI. The Global X fund, which has total net assets of $2.2 billion, has seen net inflows of $554.8 million so far this year.

Persons: Dado Ruvic, chipmaker, Aniket Ullal, Bansari Mayur, Shweta Agarwal Organizations: REUTERS, chipmaker Nvidia, Robotics, Intelligence, Federal Reserve, Tejas Dessai, Global, Nvidia, Wall, Thomson Locations: ., Bengaluru

With some German property developers filing for insolvency, construction activity has dropped over a third from a year ago. That bleak outlook was despite the government recently announcing a 45 billion euro ($47 billion) support package for the property sector and measures to encourage house building, including tax incentives. With overall economic activity expected to remain weak over the coming quarters, it could take a while for the property sector to recover. The euro zone's commercial property sector could also struggle for years, posing a threat to the banks and investors who financed it, the ECB said recently. The median view of 12 property experts forecast average home rental prices to rise 4.0% or more until 2026.

Persons: Lisi Niesner, Sebastian Schnejdar, Carsten Brzeski, Indradip Ghosh, Purujit Arun, Rahul Trivedi, Sarupya Ganguly, Ross Finley, David Evans Organizations: REUTERS, European Central Bank, ECB, ING, Thomson Locations: Berlin, Germany, BENGALURU

☆ Arsenal have Jesus, Odegaard available after international break - Arteta
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

Nov 24 (Reuters) - Arsenal forward Gabriel Jesus and midfielder Martin Odegaard have returned from the international break fit to face Brentford in the Premier League on Saturday, Arsenal manager Mikel Arteta said on Thursday. Jesus and Odegaard both missed Arsenal's last two league games due to injury, but Jesus played in Brazil's 1-0 loss to Argentina this week after recovering from a hamstring injury. Hopefully (Odegaard) will be available," Arteta told reporters ahead of Saturday's game at the Community Stadium. Arteta confirmed that goalkeeper Aaron Ramsdale will start Saturday's game, with David Raya, on loan from Brentford, ineligible to play against his parent club. Ramsdale had been Arsenal's first choice in goal since joining in 2021 and played all 38 Premier League games last season, but he has been benched for the north London club's last eight league games in favour of Raya.

Persons: Gabriel Jesus, Martin Odegaard, Mikel Arteta, Jesus, Odegaard, Arsenal's, he's, Arteta, Ben White, Aaron Ramsdale, David Raya, Ramsdale, London club's, Aadi Nair, Pritha Sarkar Organizations: Arsenal, Brentford, Premier League, Brazil's, Community, Manchester City, Liverpool, Thomson Locations: Argentina, London, Raya, Bengaluru

☆ Buffett's Berkshire Hathaway exits India's Paytm in $165 million deal
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Rupak De Chowdhuri/File Photo Acquire Licensing RightsBENGALURU, Nov 24 (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway (BRKa.N) has exited India's Paytm (PAYT.NS) after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday. Berkshire Hathaway's BH International Holdings has sold more than 15.6 million shares of the digital payments firm, with a weighted average price of 877.29 rupees per share, exchange data showed. Who the buyers of the Paytm shares are is not known. Paytm did not immediately respond to a Reuters request for additional details, while Berkshire was not available for comment. As of September 2023, BH International Holdings had a 2.46% stake in the company, as per exchange data.

Persons: Warren Buffett's Berkshire Hathaway, Paytm, Vijay Shekhar Sharma, Hritam Mukherjee, Sonia Cheema, Pooja Desai Organizations: REUTERS, Rights, ., Holdings, BH International Holdings, SoftBank, HK, Ant, Thomson Locations: Kolkata, India, . Berkshire, Berkshire, Bengaluru

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 21, 2023. The pan-European STOXX 600 (.STOXX) rose 0.4% to close out the week with a 0.9% gain as investors focused on corporate earnings and the prospect of rate cuts. Euro zone government bond yields were set to close the week higher as investors balanced recession fears against comments from European Central Bank policymakers pushing against market expectations for rate cuts in 2024. For the week, real estate (.SX86P) shares lagged while media (.SXMP) and retail stocks (.SXRP) were the top performers. Reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Sonia Cheema, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Wintershall, they're, Giles Coghlan, Coghlan, Christian Lindner, Germany's DAX, Ankika Biswas, Bansari, Sonia Cheema, Kirsten Donovan Organizations: REUTERS, Staff, BASF, U.S, European Central Bank, Shoppers, Bloomberg News, Abu, Abu Dhabi National Oil Co, Barclays, German, Thomson Locations: Frankfurt, Germany, Europe, Abu Dhabi, Israel, Bengaluru

☆ Las Vegas hospitality unions ratify contract with Wynn Resorts
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Unions representing hospitality staff in Las Vegas said on Wednesday that workers employed at Wynn Resorts (WYNN.O) have voted in favor to ratify a new five-year contract, days after similar moves by its competitors Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N). The unions, which represent about 5,000 employees at Wynn Resorts properties, said 99% of its members voted in favor of the new agreement. Earlier this week, union members at Caesars and MGM voted to ratify their contracts. The total compensation won by the Culinary Union for workers employed at MGM Resorts, Caesars Entertainment, and Wynn Resorts casino properties is about $2 billion over the five-year contract, according to Ted Pappageorge, secretary-treasurer at Culinary Union . Meanwhile, the unions said separate negotiations for 10,000 workers including cooks, bartenders and housekeepers, are ongoing with 24 smaller casinos and resorts for a new five-year contract.

Persons: Wynn, Ted Pappageorge, Mrinmay Dey, Sonia Cheema Organizations: Wynn Resorts, Caesars Entertainment, MGM Resorts International, Caesars, MGM, Culinary Union, MGM Resorts, Las, Thomson Locations: Las Vegas, United States, Bengaluru

☆ Australia's Perth Mint agrees to comply with anti money-laundering laws
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 23 (Reuters) - Australia's Perth Mint said on Thursday it had entered into an agreement with the country's financial intelligence agency to fully adhere to anti-money laundering laws after an external audit found compliance issues. The external audit was conducted between November 2022 and July 2023 at the direction of the Australian Transaction Reports and Analysis Centre (AUSTRAC), after it found non-compliance in an August 2022 assessment of Perth Mint. "The audit findings reflected AUSTRAC's concerns in relation to Gold Corporation's AML/CTF (anti-money laundering and counter-terrorism financing) program, monitoring systems and controls, and reporting to AUSTRAC," the agency said. In April, Western Australia state launched a review of its ownership of The Perth Mint, as the company battled allegations it sold diluted gold to China. Reporting by Deep Vakil in Bengaluru; Editing by Jacqueline Wong and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Jacqueline Wong, Diane Craft Organizations: New York Stock Exchange, REUTERS, Perth Mint, Australian, Thomson Locations: Perth, New York, U.S, Western Australia, China, Bengaluru

☆ Perth Mint undertakes to comply with anti money-laundering laws
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

The world's largest gold bullion coin, the Australian Kangaroo One Tonne Gold Coin, is displayed to mark the official launch of the Perth Mint Physical Gold Exchange Traded Fund (AAAU), outside the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 23 (Reuters) - Australia's Perth Mint said on Wednesday it had entered an enforceable undertaking with the Australian financial intelligence agency AUSTRAC to fully adhere to anti-money laundering laws after an external audit found compliance issues. The world's biggest producer of newly mined gold said it will conclude its anti-money laundering remediation programme, which started in March 2021, by April 30, 2025, adding that no fine had been imposed as part of the undertaking. Reporting by Deep Vakil in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, AUSTRAC, Jacqueline Wong Organizations: New York Stock Exchange, REUTERS, Perth Mint, Thomson Locations: Perth, New York, U.S, Bengaluru

REUTERS/Andrew Kelly Acquire Licensing RightsSummary poll dataBENGALURU, Nov 22 (Reuters) - Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. However, only a handful of the 15 top stock indexes were predicted to trade at record peaks by end-2024, based on a wider Nov. 9-22 poll of more than 120 stock market experts. LOWER BOND YIELDSFor now, markets are pricing in a series of 2024 rate cuts, which is sending bond yields lower and stock prices higher. "Falling bond yields are being interpreted by equity markets as a positive in the near-term," said Marko Kolanovic, chief global markets strategist at J.P. Morgan. Canada's main stock index was expected to rise less than previously thought over the coming year as a slowdown in the global economy weighs on the outlook for corporate earnings.

Persons: Andrew Kelly, Ajay Rajadhyaksha, Marko Kolanovic, Morgan, Hari Kishan, Indradip Ghosh, Ross Finley, Alex Richardson Organizations: New York Stock Exchange, REUTERS, Reuters, Traders, U.S . Federal, Barclays, Nikkei, Thomson Locations: New York City, U.S, BENGALURU, Monday's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto

☆ China says no unusual pathogens found after WHO queries respiratory outbreaks
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +5 min

The WHO had asked China for more information on Wednesday after groups including the Program for Monitoring Emerging Diseases (ProMED) reported clusters of undiagnosed pneumonia in children in north China. No unusual pathogens have been detected in the capital of Beijing and the northeastern province of Liaoning. The U.N. health agency had also asked China for further information about trends in the circulation of known pathogens and the burden on healthcare systems. WHO China said it was "routine" to request information on increases in respiratory illnesses and reported clusters of pneumonia in children from member states, such as China. The WHO said that while it was seeking additional information, it recommended that people in China follow measures to reduce the risk of respiratory illness.

Persons: Dado Ruvic, pneumoniae, Ben Cowling, Deena Beasley, Andrew Silver, Jennifer Rigby, Emma Farge, Urvi, Robert Birsel, Miyoung Kim, Josie Kao Organizations: REUTERS, World Health Organization, WHO, International, National Health Commission, FTV News, Hong Kong University, Health Commission, Xinhua, Influenza, Thomson Locations: China, Beijing, Liaoning, Wuhan, WHO China, Taiwan, Los Angeles, Shanghai, London, Geneva, Bengaluru

☆ Gold ticks higher as weaker US dollar, yields lend support
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsNov 23 (Reuters) - Gold prices edged higher on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker dollar and lower U.S. Treasury yields buoyed demand for bullion. FUNDAMENTALS* Spot gold was up 0.1% at $1,992.59 per ounce, as of 0143 GMT, after hitting a three-week high of $2,007.29 on Tuesday. * Lower interest rates decrease the opportunity cost of holding gold. DATA/EVENTS (GMT) 0745 France Business Climate Mfg, Overall Nov0815 France HCOB Mfg, Serv, Comp Flash PMIs Nov0830 Germany HCOB Mfg, Serv, Comp Flash PMIs Nov0900 EU HCOB Mfg, Serv, Comp Flash PMIs Nov0930 UK Flash Comp, Mfg, Serv PMIs NovReporting by Brijesh Patel in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, CME's, Serv, Brijesh Patel, Rashmi Organizations: REUTERS, Treasury, . Federal Reserve, Trust, Climate Mfg, France HCOB, Germany HCOB, Mfg, Thomson Locations: Mendrisio, Switzerland, France, Germany, Bengaluru

☆ Austria's Wiesberger rejoins DP World Tour after LIV spell
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Aug 12, 2023; Bedminster, New Jersey, USA; Bernd Wiesberger plays his shot from the third tee during the second round of the LIV Golf Bedminster golf tournament at Trump National Bedminster. Wiesberger, an eight-time winner on the European tour, left to join LIV in 2022. The 38-year-old lost his contract after finishing 41st in the individual standings in the 2023 LIV season and became a free agent. The DP World Tour said Wiesberger had fulfilled all sanctions imposed on him for competing in the rival tour. "Consequently, his request for reinstatement has been granted by DP World Tour Chief Executive Keith Pelley, in accordance with the procedure set out in the Members' Regulations," the DP World Tour said in a statement.

Persons: Bernd Wiesberger, Vincent Carchietta, LIV, Wiesberger, Keith Pelley, Aadi Nair, Ken Ferris Organizations: Bedminster, Trump National Bedminster, DP, Thomson Locations: Bedminster , New Jersey, USA, Austrian, Saudi Arabia, Bengaluru

☆ Sinner doubles up as Italy down Netherlands, reach Davis Cup semis
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

MALAGA, Spain, Nov 23 (Reuters) - Italy's Jannik Sinner won his singles match and paired up with Lorenzo Sonego to claim a doubles victory as the former champions beat the Netherlands 2-1 to book their place in the Davis Cup semi-finals on Thursday. Italy, who won their only Davis Cup title in 1976, will now take on a Serbia side featuring world number one Novak Djokovic or Britain who meet in their quarter-final later on Thursday. The changes worked well for both teams in a high-octane clash but Sinner and Sonego won the crucial points in front of a boisterous crowd to send Italy through. World number four Sinner, who was beaten by Novak Djokovic in the ATP Finals title clash on Sunday, got them back into the quarter-final tie with an impressive display against Griekspoor. Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Ken Ferris and Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sinner, Lorenzo Sonego, Sonego, Tallon Griekspoor, Wesley Koolhof, Davis, Novak Djokovic, Botic van de, Matteo Arnaldi, Paul Haarhuis, Jean, Julien Rojer, Filippo Volandri, Simone Bolelli, Arnaldi, Van de Zandschulp, Shrivathsa Sridhar, Ken Ferris, Toby Davis Organizations: Davis, eventual, France, ATP, Griekspoor, Thomson Locations: MALAGA, Spain, Netherlands, Italy, Serbia, Bengaluru

☆ CSX Train Derails in Kentucky, Spilling Molten Sulfur
▼ + stars: | 2023-11-23 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - A train derailment involving 16 cars, two of which spilled molten sulfur, sparked a fire north of Livingston, Kentucky, railroad operator CSX said on Wednesday, prompting officials to tell residents to evacuate. The cause of the derailment and the scale of the fire were not immediately clear, though ABC News said one crew member suffered minor injuries. "We will work together with local authorities to secure the area and safety is our top priority as we develop a recovery plan," CSX said on its website, adding that the burning of molten sulphur releases sulphur dioxide gas. Giving initial details of the incident, which took place at about 2:23 p.m., it said at least 16 cars were involved, two carrying molten sulphur that lost some of their contents, which then caught fire. Short-term exposure to colourless sulphur dioxide can harm the human respiratory system and make breathing difficult, the U.S.

Persons: Andy Beshear, Beshear, Harshit Verma, Brijesh Patel, Clarence Fernandez Organizations: Reuters, CSX, ABC News, U.S . Environment Protection Agency, Facebook Locations: Livingston , Kentucky, Livingston, Rockcastle, U.S, Bengaluru

☆ Macy's workers in Washington state to strike for three days from Black Friday
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

The Macy's logo is pictured on the side of a building in downtown Los Angeles, California, U.S., March 6, 2017. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 22 (Reuters) - More than 400 Macy's (M.N) workers in Washington state are planning a three-day strike from Black Friday through Sunday, alleging unfair labor practices and demanding better wages, according to UFCW Local 3000's website. The strike would be at three of Macy's busiest stores and the workers are expected to return to duty from 3 a.m. PT on Monday. As of Jan. 28, excluding seasonal employees, Macy's had 94,570 full-time and part-time employees, of which about 8% are represented by unions, a regulatory filing showed. The UFCW Local 3000 represents more than 50,000 members working in grocery, retail, healthcare, meat packing, cannabis and other industries in Washington, Oregon and northern Idaho.

Persons: Mike Blake, Macy's, Ananya Mariam Rajesh, Seher, Shilpi Majumdar Organizations: REUTERS, Reuters, Thomson Locations: Los Angeles , California, U.S, Washington, Tukwila, Washington , Oregon, Idaho, Bengaluru

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. Cruise had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides. GM lost more than $700 million at Cruise in the third quarter and more than $8 billion since 2016. Cruise has operations in Phoenix and Austin, where regulators have been more accommodating. As part of its previous expansion plans, Cruise had last year asked the National Highway Traffic Safety Administration (NHTSA) for permission to deploy up to 2,500 self-driving vehicles annually without human controls.

Persons: Elijah Nouvelage, Kyle Vogt, Daniel Kan, Cruise, Paul Jacobson, Mary Barra, Morgan Stanley, Adam Jonas, Waymo, Samrhitha, David Shepardson, Joe White, Sayantani Ghosh, Arun Koyyur Organizations: San, GM Bolt, REUTERS, General Motors, Cruise, GM, Reuters, United Auto Workers, FRANCISCO GM, Traffic Safety Administration, NHTSA, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington, Phoenix, Austin, Bengaluru, Detroit

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. The company was set to erase more than $40 billion in market capitalization if losses hold, based on its current share price of $482.20. Nvidia, which has been at the forefront of artificial intelligence developments with its tailor-made graphics processing units, said its China business will take a hit from tighter export controls. Still, it forecast current-quarter revenue of $20 billion, plus or minus 2%, beating analysts' average estimate by more than $2 billion, according to LSEG data. "This disconnect between stellar earnings and an uncertain future in China is causing investor concern," said Scott Acheychek, CEO of REX Shares, which offers a fund linked to Nvidia shares.

Persons: Scott Acheychek, Nvidia's, Kyle Rodda, NVDA, Stifel, Arsheeya Bajwa, Chavi Mehta, Arun Koyyur Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, REX, Thomson Locations: Santa Clara , California, China, Bengaluru

Search resuls for: "bengaluru"

25 mentions found