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The complaint by Musk's X Corp, which owns Twitter, was filed on Wednesday in the California Superior Court in San Francisco. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout closed, huge "success" fees doled out by departing Twitter executives who were grateful that Musk would be forced to close. "Wachtell arranged to effectively line its pockets with funds from the company cash register while the keys were being handed over" to Musk, the complaint said. Musk wants to recoup "excess" fees that Wachtell charged under an agreement signed on the day of closing by one of its partners and Twitter's chief legal officer Vijaya Gadde. The case is X Corp v Wachtell, Lipton, Rosen & Katz, California Superior Court, County of San Francisco, No.

Persons: Elon Musk, Wachtell, Lipton, Katz, Musk, Vijaya Gadde, Martha Lane Fox, Sean Edgett, Mark Zuckerberg's, Carl Icahn, Icahn, Jonathan Stempel, Marguerita Choy Organizations: Rosen, Twitter, Musk's X Corp, California Superior Court, Tesla Inc, SpaceX, Fox, CVR Energy, X Corp, Thomson Locations: California, San Francisco, Delaware, Katz , California, Court, County, New York

A jump in the number of people working part-time for economic reasons also suggested a weaker labor market, but the pace of job growth remains strong and with inflation still double the Fed's target rate, a rate hike this month is likely. "The Fed is being hawkish and that prevents the dollar from depreciating too much. After the jobs data, futures pointed to an 88.8% probability that the Fed hikes in three weeks. Adding a tailwind to the rally in the yen was some position-squaring among speculators, who have built up sizeable bearish positions, Hardman said. The Australian dollar rose 0.8% to $0.6681, but it is still battered by weak Chinese economic data and broad risk aversion.

Persons: Joe Manimbo, We're, Thierry Wizman, They've, Lee Hardman, Hardman, YEN, Herbert Lash, Amanda Cooper, Rae Wee, Sam Holmes, Mark Potter, Barbara Lewis, Marguerita Choy Organizations: Federal Reserves, Labor Department, Treasury, ECB, Strong U.S, Bank of Japan, Thomson Locations: U.S, Japan, New York, London, Singapore

☆ Biden says US destroys last of chemical weapons stockpile
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, July 7 (Reuters) - The U.S. has destroyed the last of its declared chemical weapons stockpile, President Joe Biden said on Friday, bringing to an end a decades-long effort to eliminate the deadly weapons first used on a large scale in World War One. As part of the Chemical Weapons Convention, which was ratified by the U.S. Senate in 1997, the U.S. and other signatories are required to destroy their chemical weapons stockpile by Sept. 30, 2023. The U.S. has been destroying its remaining stockpiles at U.S. Army Pueblo Chemical Depot in Pueblo, Colorado, and Blue Grass Army Depot (BGAD) in Richmond, Kentucky. "Chemical weapons are responsible for some of the most horrific episodes of human loss. Chemical weapons came to the fore during World War One, which became known as the "chemist's war."

Persons: Joe Biden, Biden, Mitch McConnell, Idrees Ali, Dan Whitcomb, Marguerita Choy Organizations: U.S, Chemical Weapons Convention, U.S . Senate, White, Army Pueblo Chemical, Blue Grass Army, The U.S, Centers for Disease Control, Senate Republican, United, Thomson Locations: U.S, United States, Pueblo , Colorado, Richmond , Kentucky, Kentucky, The, United Nations

☆ Analysis: Decades of US corn export dominance fade as Brazil seizes top supplier crown
▼ + stars: | 2023-07-07 | by ( Karl Plume | Thomson Reuters | Chicago-Based Senior Commodities Correspondent Covering Agricultural Markets | ) www.reuters.com time to read: +5 min

Brazilian corn exports are expected to flood the global marketplace beginning in July and into the U.S. autumn harvest. China's overall corn imports are down about 10% this year, according to customs data, as buyers there await ample supplies of cheap Brazilian corn in the coming months. Total U.S. corn export sales in April and May were the lowest in at least 22 years, according to weekly USDA export sales data. The period included three weeks in which more purchases were canceled than booked, and the two worst weeks of U.S. corn exports on record. Rapid growth in Brazilian corn production offset loss of much of the corn exports from Ukraine since Russia’s invasion.

Persons: Yahir, Stephen Nicholson, Richard Guebert, They're, Nicholson, Matthew Roberts, Brazil's, We're, Karl Plume, Caroline Stauffer, Marguerita Choy Organizations: REUTERS, Rabobank, . Department of Agriculture, Gulf, Total U.S, Thomson Locations: Brazil, Tuxpan, Veracruz, Mexico, China, Illinois, U.S, Ukraine, United States, BRAZIL, Gulf Coast, Chicago

☆ Canadian farmer's thumbs-up emoji leads to $62,000 fine for undelivered flax
▼ + stars: | 2023-07-07 | by ( Ismail Shakil | ) www.reuters.com time to read: +1 min

OTTAWA, July 7 (Reuters) - A Canadian farmer has been ordered to pay more than C$82,000 ($61,784) in damages over an emoji confusion that a Saskatchewan judge resolved by ruling that a thumbs-up image is enough to accept contractual terms. Chris Achter, the owner of a farming company in Swift Current, Saskatchewan, had sent a thumbs-up emoji in response to a photograph of a flax-buying contract sent to him by a grains buyer in 2021. Months later, when the time of the delivery arrived, the buyer - which had been doing business with Achter for several years - did not receive the flax. "In my opinion the signature requirement was met by the thumbs-up emoji originating from Chris and his unique cell phone," Keene said. ($1 = 1.3272 Canadian dollars)Reporting by Ismail Shakil in Ottawa Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Achter, Rosetta Stone, Achter, Judge T.J, Keene, Chris okayed, Chris, Ismail Shakil, Marguerita Choy Organizations: OTTAWA, Swift Current, Thomson Locations: Saskatchewan, Israel , New York State, Canada, Ottawa

Summary Canadian minister Ng notes progress with Mexico over energyUSTR Tai urges Mexico to monitor steel and aluminum exports to U.S.MEXICO CITY, July 6 (Reuters) - The U.S. sees some progress made on an energy dispute with Mexico, although "deep-seated" concerns persist, U.S. Trade Representative Katherine Tai said on Thursday shortly before talks in Mexico with top Mexican and Canadian trade officials. The U.S. and Canada demanded dispute settlement talks over energy with Mexico in July 2022, arguing that Mexico's nationalist energy policies, which have tightened state control over the energy market, were discriminatory to U.S. companies. Canada's Ng separately noted progress with Mexico over energy issues, saying concerns from Canadian companies had been addressed. In addition to the energy spat, the U.S. and Mexico are engaged in a dispute over Mexico's decree to limit the use of genetically modified (GM) corn. Before the meeting, Tai said trade dispute settlement consultations over GM corn, which the U.S. requested in June, began with Mexico last week.

Persons: Ng, Tai, Katherine Tai, Raquel Buenrostro, of International Trade Mary Ng, Canada's Ng, Daina Beth Solomon, Cassandra Garrison, Costas Pitas, Brendan O'Boyle, Marguerita Choy, Diane Craft Organizations: MEXICO CITY, U.S . Trade, USMCA Free Trade Commission, Mexican, of International Trade, Thomson Locations: Mexico, U.S, MEXICO, Canada, American, Mexican, Cancun

WASHINGTON, July 6 (Reuters) - The U.S. is "appalled" by a brutal attack in Chechnya on a prominent female Russian journalist and a lawyer, the State Department said in a statement on Thursday, and it urged Russia to conduct a transparent probe and ensure justice. Russia's Investigative Committee, the equivalent of the U.S. FBI, said in a statement on Wednesday that investigators in Chechnya had opened criminal cases. Milashina has spent years investigating purported human rights abuses in Chechnya. Novaya Gazeta was one of Russia's few independent news outlets until the government stripped it of its license last year. Reporting by Kanishka Singh in Washington; Editing by Leslie Adler and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Yelena Milashina, Alexander Nemov, Nemov, Ramzan Kadyrov, Vladimir Putin, Milashina, Kanishka Singh, Leslie Adler, Marguerita Choy Organizations: State Department, Novaya Gazeta, Wednesday, Kremlin, U.S . FBI, Thomson Locations: U.S, Chechnya, Russian, Russia, Moscow, Novaya, Washington

☆ Pentagon has strategic germanium stockpile but no gallium reserves
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, July 6 (Reuters) - The Pentagon holds a strategic U.S. stockpile for germanium but currently has no inventory reserves for gallium, a spokesperson said on Thursday, after China announced export restrictions on the two metals used in semiconductors. "The (Defense) Department is proactively taking steps using Defense Production Act Title III authorities to increase domestic mining and processing of critical materials for the microelectronics and space supply chain, including gallium and germanium," the spokesperson said. Germanium is used in high-speed computer chips, plastics and military applications such as night-vision devices, as well as satellite imagery sensors. Gallium is used in radar and radio communication devices, satellites and LEDs. While major defense contractors like Lockheed Martin Corp (LMT.N) may not buy gallium and germanium directly, they likely purchase semiconductors from suppliers who source Chinese gallium and germanium, said Arun Seraphin, executive director for the National Defense Industrial Association’s Emerging Technologies Institute.

Persons: Arun Seraphin, ”, Dak Hardwick, Hardwick, Xi Jinping, Idrees Ali, Phil Stewart, Valerie Insinna, Rami Ayyub, Doina Chiacu, Mark Porter, Marguerita Choy Organizations: Pentagon, China, Defense, Department, Lockheed Martin Corp, National Defense Industrial, Emerging Technologies, Aerospace Industries Association, U.S, Shanghai Cooperation Organisation, Thomson Locations: U.S, China

☆ Suncor says unauthorized party obtained Petro-Points members' basic contact data
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

July 6 (Reuters) - Canadian energy firm Suncor Energy (SU.TO) on Thursday said that due to a cyber security incident on June 21, unauthorized party obtained Petro-Points members' basic contact information. "Based on our investigation to date, we determined that our IT network was accessed by an unauthorized party on or about June 21," the company said. "We are notifying Petro-Points members and the appropriate privacy regulators. If we discover additional information was obtained, we will notify affected parties as appropriate," Suncor said. The company noted that the cyber security incident has not impacted the safety and reliability of its field operations.

Persons: Suncor, Ashitha, Marguerita Choy Organizations: Suncor Energy, Petro, Canada, U.S, Thomson Locations: Canada, Bengaluru

☆ Record ocean temperatures lift Atlantic hurricane outlook
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

July 6 (Reuters) - Forecasters at Colorado State University for a second time raised their estimate for tropical storms during this year's Atlantic hurricane season, citing record warm sea surface temperatures. The group had last month raised its outlook to a near-normal season and number of storms. "Most of the tropical and subtropical Atlantic now has record warm sea surface temperatures," Colorado State's Tropical Meteorology and Climate Research group said in its latest update. The effect of El Nino, a weather phenomenon that suppresses Atlantic hurricane activity, this year has been offset by very hot ocean waters. "The high chance of a robust El Nino is why CSU's hurricane forecast is not for every more activity," wrote CSU researcher Phil Klotzbach.

Persons: El, Phil Klotzbach, CSU's, Gary McWilliams, Marguerita Choy, David Holmes, Conor Humphries Organizations: Colorado State University, Climate Research, CSU, El Nino, U.S . National Oceanic, Atmospheric Administration, Thomson Locations: Colorado

☆ FOREX Dollar gains after Fed minutes reinforce rate hike expectations
▼ + stars: | 2023-07-05 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

Fed funds futures showed expectations of a 25 basis point hike at the end of a two-day policy meeting on July 26 rose to 88.7%, according to CME Group's FedWatch Tool. The dollar index , which measures the U.S. currency against a basket of six others, including the euro and Japan's yen, rose 0.262% . The Fed will likely increase rates in July after the hawkish pause last month baring any surprises, said Jeffrey Roach, chief economist for LPL Financial. The dollar rose to around 144.48 yen, but was still below the 145 threshold that prompted intervention by Japanese authorities last autumn. The dollar-yen rate has broadly moved in sync with the U.S. 10-year Treasury yield , which rose to 3.9375% after the Fed minutes were released.

Persons: Dado Ruvic, baring, Jeffrey Roach, Roach, Joe Manimbo, Shusuke Yamada, Herbert Lash, Amanda Cooper, Kevin Buckland, Marguerita Choy, Mark Heinrich Our Organizations: REUTERS, U.S, Federal, LPL Financial, Labor Department, Treasury, Bank of America, Ministry, Finance, People's Bank of China, Thomson Locations: U.S, Washington, Tokyo, Beijing, London

Key economic data is due before the meeting, including the monthly U.S. jobs report on Friday. “The markets are in a wait-and-see for the economic data,” said Paul Nolte, senior wealth advisor and market strategist at Murphy & Sylvest Wealth Management. Materials (.SPLRCM) fell most among S&P 500 sectors, shedding 2.5%. Chip stocks fell after China said it would control exports of some metals widely used in the semiconductor industry as tensions between Beijing and Washington rise over access to high-tech microchips. The S&P 500 posted 18 new 52-week highs and one new low; the Nasdaq Composite recorded 55 new highs and 65 new lows.

Persons: ”, Paul Nolte, “, Jack Ablin, Lewis Krauskopf, Sinead Carew, Bansari Mayur Kamdar, Johann M, Marguerita Choy, Vinay Dwivedi Organizations: Fed, Dow, Nasdaq, U.S, U.S . Federal, Murphy, Sylvest Wealth Management, “, Dow Jones, Semiconductor, Intel, Texas, Twitter, Meta, Cresset, United Parcel Service, Teamsters Union, UPS, NYSE, Thomson Locations: U.S ., China, Beijing, Washington, Philadelphia, New York, Bengaluru

☆ Extreme weather in Latin America unlocks vicious cycle that further fuels climate dangers
▼ + stars: | 2023-07-05 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

HAVANA, July 5 (Reuters) - Extreme weather is wreaking havoc across Latin America, racking up billions worth of damage and unleashing a vicious cycle that leads to higher demand for fossil fuels and more climate change, the World Meteorological Organization said on Wednesday. Temperatures have warmed an average 0.2 degree Celsius per decade over the past 30 years – the highest rate on record, according to the State of the Climate in Latin America and the Caribbean 2022 report. As temperatures rise, extreme weather events become more common, with often unexpected consequences that stoke climate change, the report said. “Many of the extreme events were influenced by the long-running La Nina but also bore the hallmark of human-induced climate change," said WMO Secretary-General Petteri Taalas. "We are facing increasingly strong impacts from climate change, but the decisions adopted in climate negotiations for the implementation of the Paris Agreement do not advance at the same rate," she said.

Persons: Petteri Taalas, Daniel Becerril, Elba Rosa Perez, Nelson Acosta, Dave Sherwood, Marguerita Choy Organizations: World Meteorological Organization, stoke, Nina, REUTERS, El Nino, for Research, Meteorological Institute, Environment, Development, Thomson Locations: HAVANA, America, Latin America, Caribbean, South America, Monterrey, Mexico, El, Havana, China, Cuba, Paris

[1/2] Pedestrians walk past the main entrance to the Reserve Bank of Australia building in central Sydney, Australia, October 3, 2016. Interest rate swaps markets are only attaching a one-in-three probability of a hike, and around a two-in-three likelihood of no move. In another Reuters poll, economists said they expect annual consumer price inflation in South Korea to have slowed in June to 2.85% from 3.30%. Figures on Monday showed that factory activity in South Korea shrank for a record 12th consecutive month in June. Here are key developments that could provide more direction to markets on Tuesday:- Australia interest rate decision- South Korea inflation (June)- Germany trade balance (May)By Jamie McGeever; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, Jamie McGeever, Marguerita Choy Organizations: Reserve Bank of Australia, REUTERS, U.S, Investors, Japan, Wall, Traders, Thomson, Reuters Locations: Sydney, Australia, U.S, Asia, South Korea, Korea, Germany

☆ EU antitrust regulators set Aug. 7 deadline for Adobe, Figma deal
▼ + stars: | 2023-07-03 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, July 3 (Reuters) - EU antitrust regulators will decide by Aug. 7 whether to clear Adobe's (ADBE.O) $20 billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe sought EU approval last Friday. A request made a month before the summer holidays suggests the company expects the EU competition enforcer to open a full-scale investigation following its initial scrutiny. The Commission earlier this year warned the deal threatens to significantly affect competition in the market for interactive product design and whiteboarding software. Britain's competition watchdog on Friday gave Adobe a week to offer remedies to address its concerns or face a deeper investigation.

Persons: Foo Yun Chee, Marguerita Choy Organizations: Adobe, Zoom Video Communications, Thomson Locations: BRUSSELS

☆ US opens probe into Ford Explorer recalls over power loss reports
▼ + stars: | 2023-06-24 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, June 24 (Reuters) - U.S. auto safety regulators said on Saturday they are investigating Ford Motor's (F.N) prior recalls of 710,000 Explorer SUVs over power loss reports to determine if the fix is adequate. 2 U.S. automaker issued recalls in April 2022 and March on Ford Explorer SUVs from the 2020-2022 model years to address a rear axle horizontal mounting bolt that may fracture and cause the driveshaft to disconnect. Ford said earlier its recalls were to address a disconnected driveshaft that could result in the vehicle rolling away placed in 'Park' without the parking brake applied, increasing the risk of a crash. NHTSA said it has received two complaints alleging a loss of power or transmission torque of the rear wheels in Explorer vehicles that had received the recall fix. One complaint told NHTSA that after getting the software update "the vehicle would randomly slam to a complete stop while driving.

Persons: Ford Motor's, Ford, David Shepardson, Marguerita Choy, Diane Craft Organizations: Traffic Safety Administration, Ford, NHTSA, Thomson Locations: U.S

☆ Brazil's Lula calls for 'common sense' negotiations on EU-Mercosur trade pact
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +2 min

June 24 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Saturday urged the European Union and the Mercosur to set aside arrogance and negotiate the long-awaited trade agreement between the blocs with common sense. "It's important to remember that we need the EU and they need us very much. So it's important that we put a little bit of arrogance aside and we try to use common sense for us to negotiate. The clause was agreed upon by former Brazilian President Jair Bolsonaro to speed up the deal. The agreement was struck in 2019 after lengthy negotiations but was then put on hold largely due to European concerns over Amazon deforestation.

Persons: Luiz Inacio Lula da Silva, Lula, Emmanuel Macron, Jair Bolsonaro, Alexandre Caverni, Peter Frontini, Marguerita Choy Organizations: Saturday, European Union, Mercosur, France, Thomson Locations: Paris, Brazilian, Brazil

[1/6] Ballots are displayed at a polling station, after polls closed, on the day of the national election, in Freetown, Sierra Leone, June 24, 2023. The race is expected to be close between the incumbent and the All People's Congress' (APC) Samura Kamara, who narrowly lost to Bio in the last election in 2018. The main opposition APC also said their election representatives were attacked and intimidated in three districts, highlighting the tense backdrop to the vote. Inflation soared to its highest level in over 20 years in 2022, while the national Leone currency slumped 60% in value. Bio and Kamara reported small-scale attacks on their supporters ahead of election day, while the APC's recent questioning of the independence of election officials has raised tensions.

Persons: Cooper Inveen, Sierra Leone, Julius Maada Bio's, Samura Kamara, Abu Koroma, We've, Kandeh Yumkella, Mohamed Rahman Swaray, Kamara, Alessandra Prentice, Angus MacSwan, Ros Russell, Marguerita Choy Organizations: REUTERS, Reuters, Provisional, APC, World Bank, Thomson Locations: Freetown, Sierra Leone, FREETOWN, Sierra, Leone, Ukraine

Northvolt, which counts BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) among its investors, last year delivered its first battery cells from its gigafactory in Skelleftea in Sweden. In its largest deal in Europe yet, IMCO has invested $400 million in Northvolt through convertible notes, it told Reuters. "Whether it (Northvolt) goes public or stays private, we've done our homework and we are happy with the investment." Matthew Mendes, IMCO's head of infrastructure, said the Northvolt investment was examined jointly by his team and IMCO's public equities managers. IMCO has an investment team of 110 staff, which it plans to grow as it looks for more investments overseas.

Persons: IMCO, we've, Northvolt, Stoyanova, Carlyle, Matthew Mendes, IMCO's, Mendes, Simon Jessop, Tommy Reggiori Wilkes, Marguerita Choy Organizations: Energy, Canada's Investment Management Corporation of Ontario, BMW, Volkswagen, Reuters, Blackstone, Thomson Locations: Europe, Swedish, Skelleftea, Sweden, Germany, Britain, North America, Ontario, Brookfield

☆ EU countries fail to agree energy reforms after coal subsidy clash
▼ + stars: | 2023-06-19 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

EU energy ministers meeting in Luxembourg ended talks without a joint stance on the reforms that seek to avoid a repeat of last year's energy crisis, when record-high gas prices left consumers with soaring energy bills. EU countries' ambassadors will take up the negotiations, aiming for a deal this month. Asked about the coal proposal, Swedish Energy Minister Ebba Busch said ensuring Poland, which borders Ukraine, had stable power generation could help it support Ukraine with back-up power. Poland, which gets around 70% of its power from coal, could prolong its support scheme for coal plants, potentially until 2028, under the proposal. EU countries must negotiate the final power market upgrade with the EU Parliament, with the aim to pass the law before EU parliamentary elections next year.

Persons: Ebba Busch, Anna Moskwa, Robert Habeck, Kate Abnett, Tassilo Hummel, Sudip Kar, Giles Elgood, Emelia, Barbara Lewis, Marguerita Choy Organizations: Union, Swedish Energy, Reuters, European Commission, Climate, EU, Thomson Locations: Poland, Belgium, Germany, LUXEMBOURG, Luxembourg, Sweden, Ukraine, Ukrainian, Austria, Greece, Spain

☆ SVB's Asian customers who lost deposits remain on the hook for loans - WSJ
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

June 19 (Reuters) - Silicon Valley Bank's customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The Wall Street Journal reported on Monday. According to the report, when SVB failed in March, the FDIC stepped in to protect all of the California bank's U.S. deposits and arranged a sale of the lender's U.S. customer accounts, branches and loans to First Citizens Bancshares. SVB, FDIC and First Citizens Bank did not immediately respond to a request for comment. California regulators shuttered Silicon Valley Bank in March and First Citizens BancShares (FCNCA.O) purchased the bank with the help of FDIC in a deal that drained $20 billion from an insurance fund financed by banks and run by the government. Reporting by Tiyashi Datta in Bengaluru Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: SVB, Tiyashi Datta, Marguerita Choy Organizations: U.S . Federal Deposit Insurance Corp, First Citizens Bank, Street, FDIC, California bank's, Bank, Thomson Locations: Asia, California bank's U.S, U.S, Cayman Islands, China, Singapore, California, Bengaluru

☆ Taliban's treatment of women could be 'gender apartheid' - UN expert
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +2 min

GENEVA, June 19 (Reuters) - A United Nations expert said on Monday that the Taliban's treatment of Afghan women and girls could amount to gender apartheid as their rights continue to be gravely infringed by the country's de facto authorities. The U.N. defines gender apartheid as "economic and social sexual discrimination against individuals because of their gender or sex." "We have pointed to the need for more exploration of gender apartheid, which is not currently an international crime, but could become so," Bennett told reporters on the sidelines of the Council. In a report covering July to December 2022, Bennett found in March that the Taliban's treatment of women and girls "may amount to gender persecution, a crime against humanity." The Taliban authorities say they respects women's rights in accordance with their strict interpretation of Islamic law.

Persons: Richard Bennett, Bennett, Ali Khara, Gabrielle Tétrault, Farber, Marguerita Choy Organizations: United, Human Rights, REUTERS, Thomson Locations: GENEVA, United Nations, Afghanistan, Geneva, Afghan, Kabul

☆ Nigeria's Tinubu removes security chiefs in major reshuffle
▼ + stars: | 2023-06-19 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

ABUJA, June 19 (Reuters) - Nigeria's President Bola Tinubu made sweeping changes to the defence forces on Monday, forcing out the security chiefs and the head of police less than a month after taking office. Tinubu, who was sworn in on May 29, has made security one of his major priorities and promised reforms to the sector, including recruitment of more soldiers and police officers, while paying and equipping them better. It is not unusual for a new Nigerian president to send security chiefs into early retirement upon taking office, as Tinubu did on Monday. He picked Nuhu Ribadu, a former senior police officer and ex-head of the country's economic and financial crimes agency, as his National Security Adviser. Reporting by Felix Onuah, additional reporting by Camillus Eboh; Writing by MacDonald Dzirutwe; Editing by Alison Williams and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Bola Tinubu, Tinubu, Nuhu, Christopher Musa, Lucky Irabor, Musa, Felix Onuah, Camillus Eboh, MacDonald Dzirutwe, Alison Williams, Marguerita Choy Organizations: National Security, Defence Staff, Reuters, Nigerian Army, Nigeria Customs Service, Thomson Locations: ABUJA

☆ Illumina CEO deSouza resigns after proxy battle with Icahn
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

The Grail deal "has kept a lot of investors out of the stock" TD Cowen analyst Dan Brennan said. The company's shares have lost about 60% of their value since completing the Grail deal in 2021. Illumina shares closed at $200.53 on the Nasdaq on Friday. Icahn has said he wants former Illumina CEO Jay Flatley to return. He had secured more than twice the number of shareholder votes than his challenger received in the proxy vote, which could have given him enough legitimacy to hang on.

Persons: Francis deSouza, Carl Icahn, Icahn, Illumina, Charles Dadswell, DeSouza, deSouza's, Cowen, Dan Brennan, Francis, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Michael Erman, Anirban Sen, Mark Porter, Marguerita Choy, Edwina Gibbs Organizations: Nasdaq, LinkedIn, Unilever Plc, U.S . Federal Trade Commission, Thomson Locations: Illumina, Occidental, Bengaluru, New York, New Jersey

☆ Illumina CEO deSouza resigns after battle with Icahn
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +3 min

Analysts said they expect the company's shares to trade up on Monday morning after deSouza's resignation. The Grail deal "has kept a lot of investors out of the stock" TD Cowen analyst Dan Brennan said. The company's shares have lost about 60% of their value since completing the Grail deal in 2021. Illumina shares closed at $200.53 on the Nasdaq on Friday. Icahn has said he wants former Illumina CEO Jay Flatley to return.

Persons: Francis deSouza, Carl Icahn, Illumina, Charles Dadswell, DeSouza, Icahn, deSouza's, Cowen, Dan Brennan, Francis, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Michael Erman, Anirban Sen, Jason Neely, Jan Harvey, Mark Porter, Marguerita Choy Organizations: Nasdaq, LinkedIn, Unilever Plc, U.S . Federal Trade Commission, Thomson Locations: Occidental, Bengaluru, New York, New Jersey

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