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☆ Blinken criticises China's 'problematic behaviour' during visit to Tonga
▼ + stars: | 2023-07-26 | by ( Lucy Craymer | ) www.reuters.com time to read: +3 min

[1/6] U.S. Secretary of State Antony Blinken shakes hands with Tonga's Prime Minister Hu'akavameiliku Siaosi in Nuku'alofa, Tonga, July 26, 2023. UPOU VAIPULU/Pool via REUTERSWELLINGTON, July 26 (Reuters) - U.S. Secretary of State Antony Blinken warned of China's "problematic behaviour" during a visit to the Pacific island nation of Tonga on Wednesday, citing Beijing's militarisation of the South China Sea and what he called economic coercion. Blinken said at a press conference that the U.S. had no objection to China's engagement with the region but there were concerns that its investments needed to be transparent and undertaken with sustainable finance. "I think one of the things that we’ve seen is that as China’s engagement in the (Indo-Pacific) region has grown there has been some, from our perspective, increasingly problematic behaviour," he said. Blinken said the United States was committed to both Tonga and the broader Pacific Islands.

Persons: Antony Blinken, Hu'akavameiliku Siaosi, UPOU, Beijing's militarisation, Solomon, Blinken, Siaosi Sovaleni, Joe Biden, Wang Yi, Lloyd Austin, Emmanuel Macron, Sovaleni, Nuku’alofa, Lucy Craymer, Stephen Coates Organizations: Tonga's, REUTERS, Tongan, U.S . Defense, Embassy, Thomson Locations: Nuku'alofa, Tonga, REUTERS WELLINGTON, Pacific, South, U.S, Australia, New Zealand, United States, Washington, China, Papua New Guinea, Vanuatu, Beijing, Wellington , New Zealand

Republicans and Democrats in Congress have pledged tighter oversight of banking regulators following the collapse of Silicon Valley Bank and Signature Bank. Some in Congress are concerned that the Federal Reserve's current inspector general is not independent enough to serve as a check on the central bank. Unlike the Pentagon and other big agencies, the Fed's internal IG, currently Mark Bialek, reports directly to the Fed board. Under the Senators' plans, the holder of the role would instead be appointed by the President and confirmed by the Senate. Specifically, they objected to having the IG's salary tied to the compensation of Fed officials who the IG is tasked with investigating.

Persons: Elizabeth Warren, Evelyn Hockstein, Rick Scott, Democrat Elizabeth Warren, Mark Bialek, Warren, Scott, Bialek, David Morgan, Costas Pitas, Paul Thomasch, Stephen Coates Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, WASHINGTON, Democrat, Reuters, Republicans, Democrats, Congress, Silicon Valley Bank, Signature Bank, Federal, Pentagon, Fed, Senators, Thomson Locations: Washington , U.S, Silicon, Congress

☆ Remy Cointreau confident on H2 rebound after weak start to year
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

PARIS, July 25 (Reuters) - French spirits group Remy Cointreau (RCOP.PA) on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter. The recovery in China, which makes 35% of group sales at par with the United States, was led by all cognac brands including CLUB, VSOP, XO and Louis XIII. During the COVID-19 pandemic, Remy Cointreau and rivals such as Pernod Ricard (PERP.PA) benefited from people drinking more expensive types of alcohol at home. There have, however, been signs that spirits industry growth was slowing, notably in the United States, as positive effects from the pandemic fizzle out. ($1 = 0.9033 euros)Reporting by Dominique Vidalon; Editing by Varun H K and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Remy Cointreau, Remy Martin, Cointreau, Louis XIII, Jefferies, Pernod Ricard, Dominique Vidalon, Varun, Stephen Coates Organizations: CLUB, Louis, Thomson Locations: U.S, China, United States, EMEA, Asia

Summary China to step up policy adjustments amid tortuous recoveryPOLL-US crude, product inventories seen down last weekComing up: API data on U.S. crude stocks at 4:30 p.m. ETJuly 25 (Reuters) - Oil prices edged higher for the third straight session on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world's second-biggest economy lifted sentiment. Still, bearish data in the euro zone and U.S. underlined weakness across the global economy. Later on Tuesday, industry data on U.S. crude inventories is expected. Four analysts polled by Reuters estimated on average that crude inventories fell by about 2 million barrels in the week to July 21.

Persons: Brent, Edward Moya, Jerome Powell, Christine Lagarde, Stephanie Kelly, Shri Navaratnam, Stephen Coates Organizations: U.S, West Texas, Organization of, Petroleum, Energy, OANDA, Fed, European Central Bank, ECB, Reuters, Thomson Locations: China, Russia, OPEC, U.S

☆ Israeli troops kill three Palestinian militants in West Bank, minister says
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

[1/5] A general view of the car in which, according to an Israeli military statement and Army Radio, three Palestinians who fired at Israeli forces were killed by Israeli troops, in Nablus, in the Israeli-occupied West Bank July 25, 2023. REUTERS/Raneen SawaftaJERUSALEM, July 25 (Reuters) - Israeli troops killed three Palestinian militants who opened fire on them from a car near the occupied West Bank city of Nablus on Tuesday, Israel's defence minister and army said. Congratulating the army on Twitter, Defence Minister Yoav Gallant said the incident had taken place at Mount Gerizim, a Samaritan community overlooking Nablus. Violence in the West Bank has surged for over a year, with increased Israeli raids, Palestinian street attacks and settler rampages in Palestinian villages. Nablus and the nearby northern West Bank city of Jenin have seen especially intense clashes.

Persons: Yoav Gallant, rampages, Henriette Chacar, Kim Coghill, Stephen Coates Organizations: Army Radio, Bank, REUTERS, West, Twitter, West Bank, Thomson Locations: Nablus, Raneen, JERUSALEM, West Bank, Palestine, Violence, Jenin

☆ Taiwan cancels military drills as typhoon approaches
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, July 25 (Reuters) - Taiwan cancelled parts of its annual military drills on Tuesday as authorities step up preparations for what they say could be the most damaging typhoon to hit the island in nearly four years. Typhoons are common at this time of year near Taiwan but the subtropical island has not been directly hit by a typhoon since 2019, prompting officials to urge vigilance. Taiwan's weather bureau has issued sea warnings and said it will issue land warnings for its southern counties later on Tuesday, urging residents there to prepare for heavy rains and strong winds. "I'd like to remind citizens not to underestimate the typhoon threats." Reporting by Yimou Lee; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Doksuri, Han Kuang, Chen Chien, jen, Yimou Lee, Stephen Coates Organizations: Typhoons, Tropical, Facebook, Thomson Locations: TAIPEI, Taiwan, Philippines, China, Kaohsiung, Palau

☆ Usme, Caicedo score to lift Colombia 2-0 over South Korea in Women's World Cup
▼ + stars: | 2023-07-25 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

The ball squirted into the net, to the delight of the yellow-clad Colombian fans at Sydney Football Stadium. "Well, I am extremely happy, but this has to do with the collective work of everyone," Caicedo said on her first World Cup goal. It was the final game of the opening round of group matches and the 300th match in Women's World Cup history. But Colombia, who reached the round of 16 at the 2015 World Cup, dominated possession, slicing through South Korea's defence with ease. "When you lose it's not so nice but I'll treasure this moment for the rest of my life, my first World Cup match.

Persons: Catalina Usme, Joy SYDNEY, Linda Caicedo, Usme, Yoon Younggeul, Yoon, Caicedo, Casey Phair, Nelson Abadia, Lee Guimmen's, Choe Yuri, Catalina Perez, Mayra Ramirez, Colin Bell, Lori Ewing, Muralikumar Anantharaman, Stephen Coates Organizations: Soccer Football, FIFA, Sydney Football Stadium, REUTERS, South, Real Madrid, Sydney Football, tooting, Germany, Sunday, ., Thomson Locations: New Zealand, Colombia, South Korea, Sydney, Australia, South Korean, Korea, British, debutantes Morocco, Morocco

JPMorgan countered that the U.S. Virgin Islands was also to blame for allowing Epstein's sexual abuse of young women and teenage girls, saying the territory used its powers to enable these crimes. The U.S. Virgin Islands is suing JPMorgan for at least $190 million, saying the bank ignored red flags about Epstein because he was a wealthy and lucrative client from 1998 to 2013. Ahead of a scheduled Oct. 23 trial, the U.S. Virgin Islands wants a judge to declare that JPMorgan participated in Epstein's sex trafficking and obstructed law enforcement. The U.S. Virgin Islands has already received more than $105 million from Epstein's estate, and reached a settlement with billionaire Leon Black, a former Epstein friend. The case is U.S. Virgin Islands v. JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: Jeffrey Epstein, Epstein, Ghislaine Maxwell, Mary Erdoes, Frick, Erdoes, Leon Black, JPMorgan, Jonathan Stempel, Stephen Coates Organizations: YORK, U.S . Virgin Islands, JPMorgan Chase, JPMorgan, U.S . Virgin, U.S ., New, Virgin, JPMorgan Chase Bank NA, U.S, Court, Southern District of, Thomson Locations: U.S, Manhattan, U.S . Virgin, New York, Southern District, Southern District of New York, Bengaluru

☆ Messi scores stoppage-time winner in Inter Miami debut
▼ + stars: | 2023-07-22 | by ( Frank Pingue | ) www.reuters.com time to read: +4 min

July 21 (Reuters) - Lionel Messi made a rousing debut for Major League Soccer's Inter Miami as he scored a stoppage-time winner to beat Liga MX's Cruz Azul 2-1 on Friday in their Leagues Cup opener in Fort Lauderdale, Florida. After the goal, Messi ran toward the right corner of the field with his arms spread wide and then headed to the sidelines on the other side where he shared a hug with his family. But Messi, seven months removed from leading Argentina to World Cup glory in Qatar, got his chance to shine once again. "As soon as I saw the free kick given I thought this is the way it's meant to end," said Inter Miami co-owner David Beckham. Messi's Miami debut coincidentally came 16 years to the day after Beckham played his first game for MLS side LA Galaxy.

Persons: Lionel Messi, Liga MX's Cruz, Messi, it's, LeBron James, Serena Williams, Kim Kardashian, Ballon, Cruz, Martinez, David Beckham, Leo, Beckham, Frank Pingue, Stephen Coates Organizations: Major League Soccer's Inter Miami, Liga MX's, Leagues Cup, NBA, Miami, Cruz Azul, Inter Miami, MLS, LA Galaxy, Atlanta United, Liga, Thomson Locations: Fort Lauderdale , Florida, Cruz Azul, Argentine, Argentina, Qatar, South Florida, Miami, United States, Mexico, Canada, Toronto

☆ Go First gets claims worth $2.9 bln from creditors - sources
▼ + stars: | 2023-07-22 | by ( Siddhi Nayak | ) www.reuters.com time to read: +2 min

MUMBAI, July 22 (Reuters) - Go Airlines (India) Ltd has received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors so far as part of the carrier's ongoing insolvency, two banking sources told Reuters. Once the claims are filed, the resolution professional has to check its authenticity. "Claims from the lenders are around 50 billion rupees, while lessors' claims amount to 180 billion rupees so far," a banker with a state-run bank, who has exposure to Go Airlines said, after a meeting of the committee of creditors on Friday. Go Airline's resolution professional has yet to verify the veracity of the claims and did not immediately respond to a Reuters' email seeking comment. The resolution professional is waiting for banks to disburse funds for which in-principal approval was given last month to resume operations, the banker said.

Persons: lessors, Whitney, Siddhi Nayak, Stephen Coates Organizations: Go Airlines, Reuters, Airbus, Raytheon, Airlines, Siddhi, Thomson Locations: MUMBAI, India

King, an active-duty U.S. Army soldier serving in South Korea, sprinted into North Korea while on a civilian tour of the Demilitarized Zone on the border between the two Koreas. Washington is fully mobilized in trying to contact Pyongyang about him, U.S. Army Secretary Christine Wormuth said on Thursday, but North Korea had yet to respond. At that time, U.S. officials had just concluded an initial nuclear agreement with North Korean leader Kim Jong Un's father, Kim Jong Il. Warmbier was eventually returned to the United States in a coma in 2017, but died days later. "Here's the response we got: one missile launch after another," referring to repeated North Korean missile tests.

Persons: Travis King, Christine Wormuth, Joe Biden, Trump, It's, Thomas Hubbard, Bobby Hall, Kim Jong Un's, Kim Jong Il, Hubbard, King, Mickey Bergman, Bill Richardson, Bergman, Jenny Town, Charles Robert Jenkins, ‘, Tae Yong, Otto Warmbier, Warmbier, Otto’s, Fred, He’s, Antony Blinken, Biden, Blinken, Simon Lewis, David Brunnstrom, Idrees Ali, Don Durfee, Stephen Coates Organizations: Army, U.S . Army, U.S, North, Koreans, United Nations Command, Richardson, . Army, Reuters, Aspen Security, Korean, Thomson Locations: United States, North Korea, South Korea, . Washington, Pyongyang, U.S, Washington, North, Korea, Koreans, Sweden, New York, Jenny, Korean, Korea's

☆ USS Canberra: US commissions first Navy warship in foreign port
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, July 22 (Reuters) - The United States commissioned a warship in Sydney, Australia, on Saturday, the first time a U.S. Navy vessel joined active service at a foreign port, as the two close allies step up their military ties in response to China's expanding regional reach. "Australians can be proud that this ship, designed in Western Australia by local industry and named after HMAS Canberra, is being commissioned here for the first time in the history of the United States Navy," Australian Defence Minister Marles said in a statement. The commissioning of the U.S. ship in Australian waters reflected "our shared commitment to upholding the rules-based order", he added. Under the AUKUS project announced in March, the United States and Britain have agreed to help Australia acquire a fleet of nuclear-powered submarines. Before that, in the early 2030s, the United States is supposed to sell Australia three U.S. Virginia class nuclear-powered submarines, with an option for Australia to buy two more.

Persons: Marles, Sam McKeith, Stephen Coates Organizations: SYDNEY, United, U.S . Navy, Royal Australian Navy, U.S, Marine, Sydney Harbour, United States Navy, Australian Defence, Talisman Sabre, Australia, ., Thomson Locations: United States, Sydney, Australia, U.S, Western Australia, China, Canada, Fiji, France, Germany, Indonesia, Japan, New Zealand, Papua New Guinea, Republic of Korea, Tonga, Britain, . Virginia

MEXICO CITY, July 20 (Reuters) - Mexico's Grupo Financiero Banorte (GFNORTEO.MX) reported on Thursday a 14% increase in second-quarter net profit, hitting 13.09 billion pesos ($764.68 million) on better results in its insurance and annuities and trading units. Revenue for the group, which owns one of the country's largest banks and pension funds, totaled 33.06 billion pesos in the quarter, up 19% from a year earlier. The bank's performing loan book saw a 12% bump from the year-ago period, with double-digit growth in nearly all divisions. Loan-loss previsions, however, also jumped 66% from the year-ago period to 4.04 billion pesos, with cost of risk shooting up to 1.66% from 1.13%. Banorte will also grow by some 1,300 account managers in the next few months in its business and corporate sectors, Ramirez said.

Persons: Banorte, Marcos Ramirez, Ramirez, Carolina Pulice, Kylie Madry, Stephen Coates Organizations: MEXICO CITY, Financiero, Thomson Locations: MEXICO

REUTERS/Stringer/File PhotoSummary Countries at odds over which should pay climate financeEU wants China to contribute to climate fundsChina among countries not currently obliged to payBRUSSELS/BEIJING, July 21 (Reuters) - Record-breaking heat in China. The EU, today the biggest contributor of climate finance, has lobbied to expand the pool of donor countries that provide it. Climate finance refers to money that wealthy countries pay toward helping poorer nations reduce CO2 emissions and adapt to a hotter, harsher world. Advocates for the change argue that an expansion needs to happen before a new - and, likely, far bigger - U.N. target for climate finance kicks in after 2025. "It would earn China diplomatic clout, and pressure Western donors to raise their stakes on climate finance," he said.

Persons: Stringer, John Kerry, Janet Yellen, Kerry, Li Qiang, Pa'olelei Luteru, Luteru, Byford Tsang, Kate Abnett, Valerie Volcovici, Katy Daigle, Stephen Coates Organizations: REUTERS, BRUSSELS, U.S, Union, Reuters, EU, United Arab Emirates, of Small, WHO, United, Climate Cooperation, Initiative, Bridgetown Initiative, Thomson Locations: Hangzhou, Zhejiang province, China, EU, BEIJING, COP28, Dubai, Beijing, U.S, Brazil, Saudi Arabia, Qatar, Singapore, States, United States, South Korea, U.N, Barbados, Bridgetown, Brussels

☆ Florida introduces new guidelines on teaching Black history, critics give poor grade
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +3 min

July 20 (Reuters) - Florida's board of education has approved new guidelines for teachers on how Black American history should be taught despite sharp criticism from some educators and civil rights groups. The board of education approved the new teaching guidelines for kindergarten through high school on Wednesday. Earlier this year Florida rejected a proposed Advanced Placement course in African American studies, saying it was littered with leftist ideology. DeSantis has battled against Disney over its criticism of a Florida law banning classroom discussion of sexuality and gender. Reporting by Brad Brooks in Lubbock, Texas; Editing by Donna Bryson and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Manny Diaz Jr, Diaz, William Allen, Frances Presley Rice, Allen, Presley Rice, Derrick Johnson, Ron DeSantis, DeSantis, Brad Brooks, Donna Bryson, Stephen Coates Organizations: Florida's, National Association for, Advancement of Colored, Florida Education Association, Republican, Disney, Thomson Locations: Orlando, Florida, Lubbock , Texas

☆ Biden asks aides for options preventing future debt limit crisis
▼ + stars: | 2023-07-20 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

[1/2] US President Joe Biden addresses the nation on averting default and the Bipartisan Budget Agreement, in the Oval Office of the White House in Washington, DC, June 2, 2023. JIM WATSON/Pool via REUTERS/File PhotoWASHINGTON, July 20 (Reuters) - U.S. President Joe Biden asked a group of aides to explore "all legal and policy options" to prevent another debt limit standoff, the White House said on Thursday. The group includes Treasury Secretary Janet Yellen, Attorney General Merrick Garland, White House budget director Shalanda Young and Council of Economic Advisers chair Jared Bernstein. This year's bipartisan debt ceiling deal keeps fiscal 2024 spending flat at this year's levels, allowing a 1% increase for fiscal 2025. The deal was approved by 149 House Republicans - a strong party majority - along with 165 Democrats.

Persons: Joe Biden, JIM WATSON, Kevin McCarthy, Stuart Delery, Lael Brainard, Biden, Janet Yellen, General Merrick Garland, Shalanda Young, Jared Bernstein, Laurence Tribe, Morgan Stanley, Seth Carpenter, Trevor Hunnicutt, Leslie Adler, Stephen Coates Organizations: White, WASHINGTON, Democratic, Republican, National Economic, U.S . Constitution, Economic, Harvard Law School, Republicans, Thomson Locations: Washington , DC, United States, U.S .

☆ US FTC official withdraws case against Microsoft-Activision deal before internal agency judge
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, July 20 (Reuters) - The U.S. Federal Trade Commission official on Thursday withdrew the agency's case before an in-house judge that sought to block Microsoft's (MSFT.O) $69 billion acquisition of game-maker Activision (ATVI.O). The agency has been pursuing a two-pronged attack against the proposed transaction. One was in district court, which refused last week to slap a preliminary injunction on the proposed transaction. The second was before an FTC administrative law judge, where the deal was set to go to trial on Aug. 2. It was this attack that the agency put on hold on Thursday, in an order made by FTC Secretary April Tabor.

Persons: Tabor, Diane Bartz, Stephen Coates Organizations: U.S . Federal Trade Commission, Thursday, Activision, Microsoft, Thomson

☆ Australia's 'seahorse hotels' aim to save endangered species
▼ + stars: | 2023-07-20 | by ( Cordelia Hsu | ) www.reuters.com time to read: +2 min

[1/3] A White's Seahorse feeds at the Sydney Institute of Marine Science aquarium in Sydney, Australia, June 22, 2023. REUTERS/Cordelia HsuSYDNEY, July 20 (Reuters) - Nestled beneath the surface of Sydney’s harbour, over 350 newly released White’s Seahorses make themselves at home in their seahorse hotels. Made from biodegradable metal, the eight new hotels installed will provide much needed homes for the endangered seahorses. “It was really fantastic,” said marine biologist Mitchell Brennan, the project manager of the Sydney Seahorse Project. White’s Seahorses are endemic to the waters surrounding Australia’s east coast and were classified as endangered on the IUCN Red List in 2017 due to loss of habitat.

Persons: Cordelia Hsu SYDNEY, ”, Mitchell Brennan, ” Brennan, “ We’ve, Cordelia Hsu, Alasdair Pal, Stephen Coates Organizations: Sydney Institute of Marine Science, REUTERS, Sydney Seahorse, University of Technology, New, Department of Primary Industries, IUCN, seahorses, Thomson Locations: Sydney, Australia, University of Technology Sydney, New South Wales, NSW, Sydney Harbour, NSW’s, Chowder Bay

☆ China says its 'priority' is to stop Taiwan VP visiting US next month
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

BEIJING, July 20 (Reuters) - It is China's "priority" to stop Taiwan's vice president and presidential frontrunner William Lai from visiting the United States next month, the country's ambassador in Washington said on Wednesday, as Beijing steps up its warnings against the trip. Provocative moves by Taiwan "separatists" should be contained, he added. "Now the priority for us is to stop Lai Ching-te from visiting the United States, which is like a grey rhino charging at us," Xie said, using Lai's Chinese language name. Taiwan President Tsai Ing-wen and her government have repeatedly offered talks with China but been rejected, as Beijing views them as separatists. In August and then again in April, China staged large-scale war games around Taiwan, angered by the August visit to Taiwan of then-U.S. House Speaker Nancy Pelosi and in April by Taiwan President Tsai Ing-wen meeting current House Speaker Kevin McCarthy in Los Angeles, while she was transitting back from a visit to Central America.

Persons: William Lai, Lai, Democratic Progressive Party's, Xie Feng, Xie, Lai Ching, Tsai Ing, Both Tsai, Nancy Pelosi, Kevin McCarthy, Ben Blanchard, Stephen Coates Organizations: United, Democratic Progressive, Aspen Security, ., Taiwan, Central America, Beijing, Thomson Locations: BEIJING, United States, Washington, Beijing, China, Taiwan, Taipei, Paraguay, Los Angeles, Central, Tapei

☆ Japan exports underwhelm in June, global weakness drags on economy
▼ + stars: | 2023-07-20 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Exports were led by U.S.-bound shipments of cars and mining machinery, while China-bound shipments of steel, chips and nonferrous metal caused a double-digit decline in overall exports to China. "Going forward, it could be hard for Japan to maintain a trade surplus in a stable manner unless exports regain strength and global commodity prices keep import costs low." The overall trade numbers produced a trade surplus of 43 billion yen ($308.11 million), confounding the median estimate for a 90.1 billion yen deficit. U.S.-bound shipments, Japan's major ally, rose 11.7% year-on-year in June, led by shipments of cars, construction and mining machinery, following a 9.4% rise in the previous month. ($1 = 139.5600 yen)Reporting by Tetsushi Kajimoto; Editing by Shri Navaratnam and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Takeshi Minami, Tetsushi Kajimoto, Shri Navaratnam, Stephen Coates Organizations: Ministry of Finance, U.S, Norinchukin Research, Thomson Locations: TOKYO, Japan, China, .

☆ American Airlines earnings outlook disappoints, shares fall
▼ + stars: | 2023-07-20 | by ( Shivansh Tiwary | ) www.reuters.com time to read: +1 min

July 20 (Reuters) - Shares of American Airlines (AAL.O) fell on Thursday as its outlook for the second half of the year disappointed investors even as the company lifted its full-year profit forecast and posted higher-than-expected quarterly earnings. American forecast adjusted profit of $3.00 to $3.75 per share for 2023 compared with its prior outlook of $2.50 to $3.50 per share. But some analysts said the outlook suggested a slowdown in the company's earnings in the second half compared with the first six months of the year. American's revenue forecast also suggested airline ticket prices for domestic travel have peaked, fueling worries about the company's ability to offset cost pressure. Adjusted earnings for the second quarter came in at $1.92 per share, above analysts' consensus earnings estimate of $1.59, according to a Refinitiv survey.

Persons: Stephen Trent, American's, Robert Isom, Shivansh, Arun Koyyur, Stephen Coates Organizations: American Airlines, Citi, United Airlines, Thomson Locations: Bengaluru

☆ Three killed in Auckland shootout ahead of World Cup kick off
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +3 min

AUCKLAND, July 20 (Reuters) - At least two people and an armed attacker were killed and six others wounded in a shooting in New Zealand's largest city of Auckland on Thursday, hours ahead of the opening match of the Women's soccer World Cup in the city. [1/4]Police vehicles are seen near the location of a reported shooting in Auckland, New Zealand on July 20, 2023. REUTERS/Nathan FrandinoHipkins is travelling to Auckland later in the day and is expected to provide more updates. The shootout occurred close to where several soccer players were housed. Norway plays New Zealand in the opening match of the tournament at Eden Park in Auckland later on Thursday.

Persons: Chris Hipkins, Hipkins, Nathan Frandino Hipkins, Maren Mjelde, Douglas Emhoff, Kamala Harris, Auckland Mayor Wayne Brown, Renju Jose, Praveen Menon, Sandra Maler, Stephen Coates Organizations: AUCKLAND, Police, REUTERS, Norwegian, Verdens Gang, New Zealand, Eden, Auckland Mayor, Thomson Locations: Zealand's, Auckland, Auckland , New Zealand, Norway, New, Italy, U.S, New Zealand, Sydney

☆ Protesters hurl rocks at Kenyan police as three-day tax protest begins
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

[1/3] A person rides a bike past tyres set on fire by protestors in Kibera slum during an anti-government protest against the imposition of tax hikes by the government in Nairobi, Kenya July 19, 2023. REUTERS/Monicah Mwangi/File PhotoNAIROBI, July 19 (Reuters) - Around 100 protesters hurled rocks at police in a poor neighbourhood of Nairobi on Wednesday as three days of demonstrations against the cost of living and tax hikes kicked off in Kenya. Protesters burned tires in the Kibera neighbourhood, often a flashpoint for stand-offs with security forces, and were met with volleys of tear gas by police. The Nation newspaper reported that police arrested suspected protesters in Homa Bay in the west of the country. Two rounds of protests earlier this month descended into violence when police fired tear gas, and in some cases live rounds, at the crowds.

Persons: Monicah, William Ruto, Raila Odinga, Stephen Kipchumba Cheboi, Odinga, Ruto, Hereward Holland, Stephen Coates, Angus MacSwan Organizations: REUTERS, Protesters, State House, The Nation, Governmental Organisation Council, Kenya, Thomson Locations: Nairobi, Kenya, NAIROBI, Kibera, Homa Bay, Azmio

☆ Russia strikes Ukraine's Odesa port in 'hellish' attack
▼ + stars: | 2023-07-19 | by ( Nick Starkov | ) www.reuters.com time to read: +5 min

[1/3] Children's bicycles are seen among debris in an apartment building damaged during Russian missile and drone strikes, amid Russia's attack on Ukraine, near Odesa, Ukraine July 19, 2023. The attack was "very powerful, truly massive," Serhiy Bratchuk, spokesperson for the Odesa military administration, said in a voice message on his Telegram channel on Wednesday. Most of Ukraine was under air raid alerts on and off starting soon after midnight on Wednesday, with Russia striking other places, including a drone attack on Kyiv. It was a much lower success rate than Ukraine usually reports for countering Russian air attacks. Telegram channels linked to Russian security services and Ukrainian media said an ammunition depot was on fire at the base after a Ukrainian overnight air attack.

Persons: Stringer, Serhiy Bratchuk, Odesa, Serhiy Popko, Sergei Aksyonov, Bratchuk, U.N, Stephane Dujarric, Russia's, Volodymyr Zelenskiy, Moscow, Dmitry Peskov, Gleb Garanich, Lidia Kelly, Ron Popeski, Philippa Fletcher, Leslie Adler, Stephen Coates, Michael Perry Organizations: Russian, REUTERS, Kyiv, United Nations, Telegram, Russia's Defence Ministry, Thomson Locations: Ukraine, Odesa, Crimea, Kyiv Ukrainian, Moscow, Russia, Crimean, ., Turkey, Kyiv, Kyiv's, Kirovske, Russian, Crimea's Kirovske, Africa, Asia, Ukrainian, Melbourne, Winnipeg

According to a decree signed by Putin on Sunday, the Russian state had taken control of Danone's Russian subsidiary along with beer company Carlsberg's (CARLb.CO) stake in a brewer. Yakub Zakriev, 32, a deputy prime minister of Chechnya and the republic's agriculture minister, took the post of general director of Danone Russia on Tuesday, Interfax's SPARK database of company disclosure documents in Russia showed. "Choosing him as general director of Danone Russia shows that representatives of the team of Chechen President and Hero of Russia Ramzan Akhmatovich Kadyrov are talented and successful managers," Dudayev said on his Telegram messaging app. Kadyrov, a close ally of Putin, has referred on social media to Zakriev as his "dear nephew". Danone sought alliances with big local players during the boom years, eventually gaining at least a fifth of Russia's dairy market.

Persons: Kadyrov, Danone Russia Kovalchuk, Carlsberg, Ramzan Kadyrov, Vladimir Putin, Putin, Yakub Zakriev, Akhmed Dudayev, of Russia Ramzan Akhmatovich Kadyrov, Dudayev, Zakriev, Zulai, Akhmad Kadyrov, Kadyrov's, Danone, Yuri, Mikhail Kovalchuk, Bolloev, Guy Faulconbridge, Lidia Kelly, Shubhendu, Stephen Coates, Angus MacSwan Organizations: Danone Russia, Danone, Kremlin, Sunday, Chechen, Moscow State University, Cuban Missile, Soviet, Financial Times, Shubhendu Deshmukh, Thomson Locations: MOSCOW, Russia, Ukraine, Russian, Chechnya, Grozny, Paris, Red, Soviet Union, United States, China, Baltika, St Petersburg, Moscow, Melbourne, Bengaluru

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