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☆ New Zealand economy expands faster than expected
▼ + stars: | 2023-09-20 | by ( Lucy Craymer | ) www.reuters.com time to read: +3 min

Shoppers walk in front of a retail shop displaying a sale sign in central Wellington, New Zealand, July 3, 2017. Annual growth increased to 1.8%, Statistics New Zealand data showed, above expectations of 1.2%. "It's a victory for the New Zealand economy and for the people who work hard every single day to deliver high quality jobs," Finance Minister Grant Robertson told reporters. The handling of the economy has been a central theme in this year's election with the opposition criticising the government's role in record high inflation and the slowing economy. The Reserve Bank of New Zealand (RBNZ) has been forecasting the economy would slip into recession in the second half of 2023.

Persons: David Gray, Gabrielle, Grant Robertson, Lucy Craymer, Sonali Paul Organizations: REUTERS, Statistics, New Zealand, U.S . Federal, Labour, New, Finance, ASB, Reserve Bank of New Zealand, Thomson Locations: Wellington , New Zealand, WELLINGTON, Statistics New Zealand, Zealand, New Zealand

☆ High oil prices don't make Europe energy stocks attractive to all
▼ + stars: | 2023-09-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +4 min

The STOXX 600 European oil and gas index (.SXEP) is at its highest since mid-February, having gained around 13.5% in the past two months. In the same period, benchmark Brent crude has risen 18% and European natural gas prices have gained 50%. He said higher oil prices could prompt upgrades to earnings estimates, and potentially dividends too. "The whole energy sector should benefit, but the downstream sector is looking very cheap and offers a high dividend which is attractive given higher interest rates," said Cau. Bank of America strategists have an underweight rating on European energy stocks.

Persons: Heinz, Peter Bader, Brent, Mislav Matejka, Morgan Stanley, Emmanuel Cau, Andreas Bruckner, Lucy Raitano, Amanda Cooper, Miral Organizations: REUTERS, Brent, Reuters, JPMorgan, Barclays, Bank of America, Thomson Locations: Zistersdorf, Austria, Saudi Arabia, Russia, China

☆ Biden launches paid program for 20,000 young people to train for green jobs
▼ + stars: | 2023-09-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

The White House on Wednesday announced a program that will aim to train 20,000 young people for climate-focused jobs related to clean energy, land restoration, forest management and more. In addition to training, the program also intends to be a pipeline for participants to get hired into green jobs. In 2021, he proposed spending $30 billion on a Civilian Climate Corps, which would have had over 300,000 members, as a part of the larger Build Back Better Act bill, the framework of Biden's climate agenda. The Civilian Climate Corps appeared to be a modern version of the New Deal-era Civilian Conservation Corps, a program for unmarried young men to train for jobs in public land and forest improvement. The White House didn't announce how much it was spending on the program.

Persons: Joe Biden, Lucy Evans Organizations: Interpretive, Wednesday, American, Corps, White, Civilian, Civilian Conservation Corps, Democratic Locations: Palo Alto , California

☆ New Zealand Foreign Minister to Attend UN as Prime Minister Campaigns at Home
▼ + stars: | 2023-09-19 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

By Lucy CraymerWELLINGTON (Reuters) - New Zealand's foreign minister will attend the United Nations General Assembly before heading onto Washington for meetings on Pacific regional issues, leaving Prime Minister Chris Hipkins at home to campaign ahead of the Oct. 14 election. Foreign Minister Nanaia Mahuta said in a statement that she would participate in the United Nations leaders’ meetings starting this week on behalf at Hipkins and undertake a number of bilateral and multilateral meetings. "I’m looking forward to delivering the National Statement on behalf of New Zealand and reaffirming our close relationships with friends and key partners while in the United States," Mahuta said. Pacific Island countries are expected to meet with President Joe Biden next week for a second summit with the United States. "I am looking forward to having productive discussions in Washington DC to consider how the United States can help advance Pacific priorities," said Mahuta.

Persons: Lucy Craymer WELLINGTON, Chris Hipkins, Nanaia Mahuta, Mahuta, Joe Biden, Biden, Lucy Craymer, Michael Perry Organizations: Reuters, United Nations General Assembly, Labour, National Party, . Foreign, United Nations, Washington DC, Pacific . Locations: Washington, New Zealand, Hipkins, United States, Pacific

☆ New Zealand should use diplomacy to avert any conflict in Taiwan Strait -PM
▼ + stars: | 2023-09-19 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

Chris Hipkins speaks to members of the media, after being confirmed as the only nomination to replace Jacinda Ardern as leader of the Labour Party, outside New Zealand's parliament in Wellington, New Zealand, January 21, 2023. REUTERS/Lucy Craymer//File Photo Acquire Licensing RightsWELLINGTON, Sept 19 (Reuters) - New Zealand should use its diplomatic clout to try and avert a situation of armed conflict in the Taiwan Strait, Prime Minister Chris Hipkins said on Tuesday during a first debate with his main challenger ahead of a general election. "Armed conflict in the Taiwan Strait is not going to be good for the world and New Zealand should use all of its diplomatic might – whatever that might be – to try and avoid that situation," Hipkins said. In recent months, however, Hipkins' Labour government has become more vocal, raising concerns about the impact China’s assertiveness is having on the Pacific region. Luxon agreed with Hipkins that talk of hypothetical scenarios such as China and Taiwan was not helpful, however.

Persons: Chris Hipkins, Jacinda Ardern, Lucy Craymer, Hipkins, Christopher Luxon, Luxon, Clarence Fernandez Organizations: Labour Party, REUTERS, Rights, Labour, Party, Thomson Locations: New Zealand's, Wellington , New Zealand, New Zealand, Taiwan, China, Wellington, Australia, Britain, Canada, United States

☆ Harmonia Rosales’ ‘Master Narrative’ exhibition reimagines Renaissance art
▼ + stars: | 2023-09-17 | by ( Kristen Rogers | ) edition.cnn.com time to read: +14 min

A selection of her work in this vein is currently on display in the exhibition “Harmonia Rosales: Master Narrative” at the Spelman College Museum of Fine Art in Atlanta. At the core of Rosales’ art is the idea that “storytelling is a journey of personal discovery and a reclamation of one’s cultural identity." Elon Schoenholz/Harmonia RosalesAcross 20 oil paintings and a large-scale sculptural installation, Rosales’ work challenges viewers to consider the universality of creation through a Black diasporic lens. Rosales' work demonstrates her journey towards empowerment and self-love, with figures in her artworks painted with features she used to dislike about herself. Every one of these (artworks) tells my stories.”“Harmonia Rosales: Master Narrative” is on display at the Spelman College Museum of Art in Atlanta through December 2.

Persons: Adam, ” Sandro Botticelli’s “, Venus ”, Leonardo da Vinci’s, Harmonia Rosales, Barbara, Rosales, Elon, Rosales ’, Olodumare, orishas —, Lucy Garrett, it’s what’s, ” Rosales, “, “ I’m, ”, Liz Andrews, —, Andy Warhol, ’ ” Rosales, ” “, Harmonia Rosales “, I’m, Regla, Harmonia, Black Mary, Virgin Mary, Helen Morales, ” Lucy Garrett, ” Morales, Yemaya, “ They’ve, Angelou, Saint Bartholomew Organizations: CNN, Spelman College Museum of Fine Art, University of California, European, Masters, Spelman College Museum of Art, Andy Warhol Museum, Museum of Contemporary, Memphis Brooks Museum of Art, European Old Masters, Catholic, UCSB Locations: Britannica, Cuban American, Atlanta, Santa, Western Africa, Chicago, Pittsburgh, Brooklyn, Rosales, Cuba, Americas

☆ 10 optical-illusion buildings that will play tricks on your eyes
▼ + stars: | 2023-09-15 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Some "buildings" are actually works of art meant to trick your eyes. Others are actual buildings that look like works of art. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Loading Something is loading. Here are 10 buildings from around the world that will leave you questioning what's real and what's an optical illusion.

Persons: Lucy Yang Organizations: Service Locations: Wall, Silicon

☆ New Zealand banks to introduce new measures to prevent scams
▼ + stars: | 2023-09-15 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsWELLINGTON, Sept 15 (Reuters) - New Zealand banks on Friday said they would introduce new steps to counter scams targeted at its customers including establishing a national Anti-Scam centre, combining resources to combat money laundering and increasing public awareness. Roger Beaumont, chief executive of the New Zealand Banking Association, which represents all large banks based in New Zealand, said in a statement that the joint commitment by retail banks is expected to have a positive impact in tackling fraud and scams. In the second quarter of 2023 1,950 scams were reported with people losing NZ$4.2 million ($2.48 million), according to data from the New Zealand government’s Computer Emergency Response Team. Australia, where four of New Zealand’s largest retail banks are headquartered, is also introducing similar new measures. ($1 = 1.6915 New Zealand dollars)Reporting by Lucy Craymer Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas White, Roger Beaumont, Beaumont, Lucy Craymer, Shri Navaratnam Organizations: REUTERS, Rights, New Zealand Banking Association, NZ, Zealand, Thomson Locations: New Zealand, Australia

☆ New Zealand's National Party looks to cement lead 30 days out from election
▼ + stars: | 2023-09-14 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/3] Christopher Luxon, Leader of the National Party, attends the New Zealand National Party’s election campaign launch in Auckland, New Zealand, September 3, 2023. REUTERS/David Rowland/File Photo Acquire Licensing RightsWELLINGTON, Sept 14 (Reuters) - Thirty days out from New Zealand’s general election, recent polls show the opposition party National cementing its lead, as both parties are on the campaign trail trying to win over voters with proposed tax cuts and funding for infrastructure. A 1News Verian poll released late on Wednesday saw support for centre-right National up 2 percentage point to 39%, while the ruling Labour Party saw support fall 1 percentage point to 28%. The poll gives National and likely partner ACT a majority in parliament following the Oct. 14 election. “When farmers are strong, New Zealand is strong, and national understands that and that's why we back farmers so strongly,” National leader Christopher Luxon said at the launch of the policy.

Persons: Christopher Luxon, David Rowland, Chris Hipkins, ”, Luxon, Lucy Craymer, Stephen Coates Organizations: National Party, New Zealand National, REUTERS, Rights, National, Labour Party, ACT, Labour, Zealand, Thomson Locations: Auckland , New Zealand, New, New Zealand

☆ Factbox-New Zealand Voters' Top Issues in October General Election
▼ + stars: | 2023-09-14 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +5 min

Chris Hipkins, who took the prime minister's post in January after Jacinda Ardern stepped down, has nudged his Labour Party towards the centre, focusing on what he terms "bread and butter issues". The opposition National Party has blamed Labour for rising costs and is promising, if elected, to cut taxes and bring inflation under control. Given New Zealand's ever-increasing building costs, poor housing stock and overcrowding, however, supply continues to fall short of demand. The National Party has proposed unlocking more land for housing, providing incentives for councils to build more houses and creating new infrastructure financing tools. The National Party says it will encourage trade and investment, increase the skilled labour force and cut red tape.

Persons: Chris Hipkins, Jacinda Ardern, Hipkins, Lucy Craymer, Edmund Klamann Organizations: Reuters, New Zealanders, Labour, National, Labour Party, National Party, Zealand's Labour Locations: New, New Zealand, China, Pacific, Solomon, South Pacific, Britain

☆ Factbox-New Zealand Election Shapes up as a Race of Many Parties
▼ + stars: | 2023-09-14 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

Here are the key parties and potential combinations that may emerge from the Oct. 14 general election. LIKELY BEDFELLOWS: LABOUR AND GREENSPrime Minister Chris Hipkins has headed the Labour Party since Jacinda Ardern abruptly resigned in January. But with Labour trailing the centre-right National Party 28%-39% in the latest opinion poll, it looks unlikely Hipkins can hold onto power alone. POTENTIAL KINGMAKERSWinston Peters and his populist New Zealand First party are campaigning with slogans such as "Let’s take the country back." In the past it supported a National government, but Luxon has said he would not work with the Maori party.

Persons: Chris Hipkins, Jacinda Ardern, Hipkins, Christopher Luxon, KINGMAKERS Winston Peters, Pati, Luxon, Lucy Craymer, William Mallard Organizations: Reuters, Zealanders, LABOUR, GREENS, Labour Party, Labour, National, Green Party, Greens, ACT, ZEALAND, ACT New Zealand, Air New Zealand, New Zealand

An Aviva logo on the window of the company's head office in the city of London, Britain March 7, 2019. REUTERS/Simon Dawson/File Photo Acquire Licensing RightsLONDON, Sept 13 (Reuters) - Aviva (AV.L) is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected to be completed in the fourth quarter of 2023, Aviva said. The Singlife joint venture contributed 17 million pounds to Aviva's operating profit in 2022, the statement said. Sumitomo Life already has a 23.2% stake in Singlife, the statement added.

Persons: Simon Dawson, Amanda Blanc, Elizabeth Howcroft, Lucy Raitano, Sinead Cruise, David Goodman Organizations: Aviva, REUTERS, Singapore Life Holdings, Sumitomo Life, Sumitomo, Thomson Locations: London, Britain, Singapore, Ireland, Canada, Singlife

NEW YORK (AP) — The National Book Award longlist for young people's literature features a range of grownup topics, from the deadly famine in Ukraine in the 1930s to the 1963 March on Washington to the underpinnings of the Internet. The list of 10 was announced Wednesday by the National Book Foundation, which also released 10 nominees in literature in translation, with original languages including Korean, Arabic and French. The lists, along with those for fiction, nonfiction and poetry to be announced later this week, will be narrowed next month to five in each category. The winners will be revealed during a Manhattan ceremony Nov. 15. Drew Barrymore had been scheduled to host but was dropped this week by the foundation after she resumed taping her talk show in the midst of the Hollywood writers' strike.

Persons: Drew Barrymore, Katherine Marsh's “, Dan Nott's, Yohuru Williams, Michael G, Long's, Huda, Dan Santat's, ” Kenneth M, Cadow's, ” Alyson Derrick's, Betty C, Tang's, Juan Cárdenas, Lizzie Davis, Bora Chung, ”, Anton Hur, David Diop, Sam Taylor, Jenny Erpenbeck, “, Michael Hofmann, Stênio Gardel, Bruna Dantas Lobato, Khaled Khalifa, Leri Price, Fernanda Melchor, Sophie Hughes, Pilar Quintana's, Lisa Dillman, Astrid Roemer's “, Lucy Scott, Mohamed Mbougar Sarr's, Lara Vergnaud Organizations: National Book Foundation, Hollywood, Jobs, “ Locations: Ukraine, Washington, Manhattan, Ukrainian, Provinces, “, Miami

☆ Opinion: Thanks to Coco Gauff, we can dream big
▼ + stars: | 2023-09-12 | by ( Kirsi Goldynia | Opinion Roxanne Jones | ) edition.cnn.com time to read: +5 min

CNN —Coco Gauff has been crowned America’s new tennis darling after her amazing US Open championship win against Aryna Sabalenka of Belarus. Like Serena, Gauff is unafraid to speak out on social issues or speak up after a bad call from the umpire. “[Venus and Serena] are the reason why I have this trophy today, to be honest,” Gauff told media after her US Open win. Growing up there weren’t too many black tennis players dominating the sport. Despite the many obstacles, Black tennis thrived back in the early 1900s.

Persons: Roxanne Jones, Jones, ”, CNN — Coco Gauff, Aryna Sabalenka, Joe Biden, Barack Obama, Serena Williams, Serena, she’d, Coco Gauff, She’s, That’s, Gauff, Coco, Serena —, Venus —, ” Gauff, Williams, ’, you’ll, Lucy Diggs Slowe, Slowe, Arthur Ashe, Althea Gibson, Lori McNeil, Zina Garrison —, Gibson, Lucy Slowe, Lindsay Davenport, Naomi Osaka, Sloane Stephens, Madison Keys, Zina Garrison Organizations: ESPN The Magazine, ESPN, New York Daily News, Philadelphia Inquirer, CNN, US, “, United States Tennis Association, USTA, tennis, American Tennis Association, Black, Wimbledon, Twitter, Madison Locations: Belarus, Serena

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. In the past five months the improvement has been tremendous," TSMC Chairman Mark Liu said of the Arizona project last week. The $40 billion investment in Arizona allows TSMC to add capacity outside Taiwan, where it faces constraints on land, power, water and labour. "A lot of machines cannot be shut down because it costs TSMC to recalibrate on rebooting," said a chip industry executive. While many equipment and materials makers already have global operations, to meet its exacting standards TSMC has also brought suppliers to Japan from Taiwan, the sources said.

Persons: Ann Wang, TSMC, Mark Liu, Lucy Chen, Brady Wang, Sam Nussey, Fanny Potkin, Sarah Wu, Miho Uranaka, Jamie Freed Organizations: Taiwan Semiconductor Manufacturing, REUTERS, TSMC, Reuters, Isaiah Research, Sony, Ministry, Economy, Trade, Industry, Thomson Locations: Hsinchu, Taiwan, Japan, TOKYO, SINGAPORE, TAIPEI, Arizona, Kyushu, U.S, Germany, TSMC

☆ New Zealand forecasts much larger budget deficit but improved economy
▼ + stars: | 2023-09-12 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Sept 12 (Reuters) - New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as it updated forecasts heading into the October election. The government forecast a budget deficit of NZ$11.4 billion ($6.7 billion) for the year ending June 30, 2024, much larger than a deficit of NZ$7.6 billion estimated in May. The global economy has deteriorated since May, which is having a direct impact on New Zealand's economy while tax revenue is also falling, Finance Minister Grant Robertson said in a statement. "Treasury’s latest forecasts show the economy isn’t working for Kiwis," said National Party leader Christopher Luxon. ($1 = 1.6926 New Zealand dollars)Reporting by Lucy Craymer; Editing by Sam Holmes and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, Grant Robertson, Robertson, ", Christopher Luxon, Lucy Craymer, Sam Holmes, Edwina Gibbs Organizations: REUTERS, Rights, Finance, Zealanders, Treasury, Kiwis, National Party, Reserve Bank of New, Zealand, Thomson Locations: Wellington , New Zealand, Reserve Bank of New Zealand

☆ PFA asking trades unions to support equal rights for England women's players
▼ + stars: | 2023-09-12 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

"We want our legacy to be that we leave the women's game in a better place for those who follow us. That includes contracts, conditions and protections for players," Lucy Bronze, who helped England to a runners-up finish at the Women's World Cup, said in a statement. Molango urged fellow trade unions to support the implementation of recommendations from Carney's review, including the need to establish a Professional Football Negotiating and Consultative Committee (PFNCC) for the women's game. "There's so much changing in the women's game right now," said Lioness Katie Zelem, who is a member of the PFA's Players' Board. The Lionesses' talks with the FA around bonuses - paused during the World Cup - are expected to resume later this month.

Persons: Jaimi, Maheta Molango, Molango, Karen Carney's, Lucy Bronze, Katie Zelem, Lori Ewing, Christian Radnedge Organizations: Soccer Football, FIFA, England, Association, TUC, World, Thomson Locations: New Zealand, Spain, Australia, Sydney, England, Liverpool, United States

☆ Dressing Like a 1950s Housewife Is Not Just for ‘Trad Wives’
▼ + stars: | 2023-09-09 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

Look closely among the droves of people in Lululemon leggings and Crocs next time you’re at the grocery store or the airport, and you might notice a curious sight: a woman dressed like a 1950s housewife. With her curled hair, full-skirted dress and high-heeled Mary-Jane shoes, she could be straight out of “I Love Lucy” or “Leave It to Beaver.” She might even be wearing an anachronistic frilly petticoat or apron. Wasn’t this a style that was left firmly in the past?

Persons: Mary, Jane, Lucy ” Locations: Beaver

☆ New Zealand election campaign steps up with cost of living in focus
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

Opinion polls show a coalition of conservative parties is favoured to govern after the election. That would put National in the stronger position to form a coalition government with one or more smaller parties. Labour's popularity has steadily declined this term and Ardern stepped down in January, saying she had "no more in the tank". National leader Christopher Luxon, a political newcomer and former CEO of Air New Zealand (AIR.NZ), told Reuters last month that he aimed to focus on containing inflation. Reporting by Renju Jose in Sydney; Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Hipkins, Jacinda Ardern, Lucy Craymer, Hipkins, Ardern, Christopher Luxon, Renju Jose, Gerry Doyle Organizations: Labour Party, REUTERS, Rights, Zealand, Labour, Talbot, National Party, Air New Zealand, Reuters, Thomson Locations: New Zealand's, Wellington , New Zealand, Sydney

☆ UBS loves these electric vehicle stocks — and says one offers China's 'answer to Tesla Model 3'
▼ + stars: | 2023-09-08 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

UBS named electric vehicle stocks it likes in China and described one car as a "Chinese answer to Tesla Model 3." It enjoyed some edge not only over foreign incumbents, but also Chinese EV startups," UBS analysts led by Paul Gong wrote in a Sept. 1 research note. UBS described the Seal model as having a large interior space, with 5G connectivity and a rotating cockpit screen. "The result is a decent alternative to Tesla Model 3 at 10-20% lower selling price," the analysts wrote. Chinese EV stocks Alongside BYD, the bank is buy-rated on Great Wall Motor , which has several EV models.

Persons: BYD, Paul Gong, — CNBC's Michael Bloom, Ganesh Rao Organizations: UBS, Tesla, China EV, Hong, Toyota, BYD, Li, Amperex Technology, Shenzhen Stock Exchange, VW, Renault Locations: China, Europe, Hong Kong

☆ Amid Reading Wars, Columbia Will Close a Star Professor’s Shop
▼ + stars: | 2023-09-08 | by ( Dana Goldstein | More About Dana Goldstein | ) www.nytimes.com time to read: +1 min

In the urgent debate over how U.S. schools teach children to read, few figures have been as central as Lucy Calkins, the Columbia University professor and curriculum entrepreneur. For four decades, her organization, the Teachers College Reading and Writing Project, and her widely purchased curriculum inspired passion among many educators. Critics said Dr. Calkins downplayed phonics and overlooked a large body of scientific research on how children become skilled readers. Now her group has been dissolved by Columbia University’s Teachers College, according to a recent announcement. It marks the end of an era for Teachers College and perhaps another setback for balanced literacy, the embattled movement in which Dr. Calkins is one of several prominent leaders.

Persons: Lucy Calkins, Critics, Calkins Organizations: Columbia University, Teachers College Reading, Columbia University’s Teachers College, Teachers College

☆ Beatles copyright owner shares soar after buyout offer
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

LONDON, Sept 8 (Reuters) - Shares in Round Hill Music Royalty Fund (RHM.L), which owns the copyrights to work of major artists such as the Beatles, soared as much as 67% on Friday after a $496 million buyout offer from Alchemy Copyrights. Shares in Round Hill Music were up 64% at $1.125 by 0753 GMT, having hit a record $1.15 earlier on. In a note, Jefferies said it expects Alchemy's offer is "highly likely to be successful" despite coming at a discount to net asset value. Shareholders in Round Hill Music will get $1.15 in cash per share, a discount of approximately 11.5% to RHM's NAV per share of $1.30 as of September 8. Jefferies said Hipgnosis "trades on a similar discount, but is a larger vehicle, with arguably a more iconic music portfolio."

Persons: Jefferies, Shakira, Neil Young, Hipgnosis, Lucy Raitano, Amanda Cooper Organizations: Royalty, Jefferies, Thomson Locations: Hill

☆ Faraday Future alleges "coordinated effort" to undermine valuation
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

The interior of Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsCompanies Faraday Future Intelligent Electric Inc FollowSept 7 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) on Thursday said it has recently observed a series of "suspicious activities" which the electric-vehicle startup believes suggested a "coordinated effort" to undermine its valuation. Faraday did not immediately respond to a Reuters' query seeking details on the claim. It also faced delivery delays with its FF 91 2.0 Futurist Alliance vehicle, the first of which it delivered in August. Reporting by Mrinmay Dey in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Faraday, Lucy Nicholson, Mrinmay Dey, Dhanya Ann Thoppil Organizations: REUTERS, Reuters, EV, FF, Futurist Alliance, Thomson Locations: Gardena , California, U.S, Los Angeles, Bengaluru

☆ Beatles Copyright Owner Shares Soar After Buyout Offer
▼ + stars: | 2023-09-08 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Shares in Round Hill Music Royalty Fund, which owns the copyrights to work of major artists such as the Beatles, soared as much as 67% on Friday after a $496 million buyout offer from Alchemy Copyrights. Shares in Round Hill Music were up 64% at $1.125 by 0753 GMT, having hit a record $1.15 earlier on. In a note, Jefferies said it expects Alchemy's offer is "highly likely to be successful" despite coming at a discount to net asset value. Shareholders in Round Hill Music will get $1.15 in cash per share, a discount of approximately 11.5% to RHM's NAV per share of $1.30 as of September 8. Jefferies said Hipgnosis "trades on a similar discount, but is a larger vehicle, with arguably a more iconic music portfolio."

Persons: Jefferies, Shakira, Neil Young, Hipgnosis, Lucy Raitano, Amanda Cooper Organizations: Royalty Fund, Jefferies Locations: Hill

☆ 'That 70's Show' actor Masterson sentenced to 30 years to life in prison for raping two women
▼ + stars: | 2023-09-07 | by ( Rollo Ross | ) www.reuters.com time to read: +1 min

Actor Danny Masterson is arraigned on three rape charges in separate incidents between 2001 and 2003, at Los Angeles Superior Court, Los Angeles, California, U.S., September 18, 2020. REUTERS/Lucy Nicholson Acquire Licensing RightsLOS ANGELES, Sept 7 (Reuters) - "That '70s Show" actor Danny Masterson was sentenced on Thursday to 30 years to life in prison for raping two women about 20 years ago in a case that stirred controversy around the Church of Scientology. Judge Charlaine Olmedo announced the sentence in Los Angeles Superior Court. The Church of Scientology denied that claim and said Masterson's religion should not have been an issue in the case. The women said Masterson drugged and raped them in separate incidents between 2001 and 2003 at his house in the Hollywood Hills.

Persons: Danny Masterson, Lucy Nicholson, Judge Charlaine Olmedo, Masterson, “, ”, Jane Doe, Lisa Richwine, Jonathan Oatis, Cynthia Osterman Organizations: Los Angeles Superior Court, REUTERS, of Scientology, Scientology, Hollywood, Netflix, Thomson Locations: Los Angeles , California, U.S, Los Angeles

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