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☆ Ryder Cup: ‘Fleetwood Mac’ helps Europe soar to dream start, rocking US with opening sweep
▼ + stars: | 2023-09-29 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —The pairing dubbed “Fleetwood Mac” sealed a start of dreams for Europe at the Ryder Cup, completing a landslide rout in the Friday morning foursomes sessions. “It’s been an unbelievable session,” McIlroy told Sky Sports. “We were ready to go from the first tee shot as obviously you can see in how everyone played.”Crowds pack the first tee grandstand to watch McIlroy tee off. “Hats off to the European team. Team USA will be hoping for an inverse of the Solheim Cup last week, where Europe suffered an unprecedented opening sweep before clawing their way back dramatically to retain the trophy.

Persons: “ Fleetwood Mac ”, Tommy Fleetwood, Rory McIlroy, Xander Schauffele, Patrick Cantlay, Marco Simone Golf, Luke Donald, Jon Rahm, Tyrrell Hatton, Scottie Scheffler, Sam Burns, Viktor Hovland, Ludvig Aberg, Max Homa, Brian Harman, Shane Lowry, Sepp Straka, Rickie Fowler, Collin Morikawa, McIlroy, Fleetwood, “ It’s, ” McIlroy, we’ve, “, David Cannon, Zach Johnson, ” Johnson, “ I’ve, I’ve, ” Morikawa, Fowler, Lowry, Straka, Jamie Squire, Spain’s Rahm dovetailed, Hatton, Burns, Rahm, Aberg –, –, Homa, Harman, ” Aberg, ”, Hovland, Patrick Smith, Ireland’s Lowry, Austria’s, Morikawa Organizations: CNN, Ryder, Marco Simone Golf Club, USA, foursomes, Sky Sports, Team USA, Northern, Fleetwood, Solheim Locations: Europe, Whistling, Swedish, Rome, Northern Irish

☆ Two groups, including Apollo, bidding for SAS airline -Aftenposten
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] SAS Link's Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 29 (Reuters) - Two groups of investors, including U.S. private equity group Apollo Global Management (APO.N), are bidding for Scandinavian airline SAS (SAS.ST), Norwegian daily Aftenposten reported on Friday, citing unnamed sources. It was not immediately clear who was leading the second group of investors, the newspaper added. Sources told Reuters in early May that Apollo hoped to take a majority stake in the Nordic airline. SAS had said that any bids in an equity fundraising would need to include the Danish state, which currently has a 22% stake.

Persons: Johan Nilsson, Apollo, Nerijus Adomaitis, Terje Solsvik, Nick Zieminski Organizations: SAS, Embraer, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Apollo Global Management, Reuters, Nordic, Thomson Locations: Kastrup, Denmark, Rights OSLO, United States, Danish

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowOSLO, Sept 28 (Reuters) - Norway's data regulator will refer the fine it has imposed on Meta Platforms (META.O) to the European data authority, it said on Thursday, a move that could make the fine permanent and widen it to the European Union. The Norwegian regulator, Datatilsynet, is now referring its decision to the European Data Protection Board, which could make the decision permanent if it agrees with the Norwegian regulator's decision. "Datatilsynet has asked the European Data Protection Board (EDPB) for a binding decision in the Meta case," the regulator said in a statement. "In the request, we ask that the Norwegian temporary ban on behaviour-based marketing on Facebook and Instagram be made permanent and extended to the entire EU/EEA."

Persons: Yves Herman, Instagram, Datatilsynet, Meta, Gwladys, Terje Solsvik Organizations: REUTERS, Meta, European Union, Facebook, Big Tech, European Data Protection, Data Protection, EEA, Thomson Locations: Brussels, Belgium, Norwegian, Norway

☆ Erling Haaland sits on bench as Manchester City knocked out of Carabao Cup with 1-0 defeat against Newcastle
▼ + stars: | 2023-09-28 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Manchester City suffered a first defeat of the season against Newcastle United in the Carabao Cup as star striker Erling Haaland was left on the bench. It remained 1-0, however, condemning Guardiola to a third consecutive early exit in the Carabao Cup after defeats against Southampton last year and West Ham the year before. Oli Scarff/AFP/Getty ImagesAfter winning the Premier League, Champions League, and FA Cup last year, Wednesday’s loss means that Man City will be unable to go one better and win an unprecedented quadruple this season. “There are guys who have played a lot of minutes … I decided with this lineup, I always have done that in the Carabao Cup since day one when I arrived. In the Carabao Cup I always play the players who never regularly play.”Prior to the game, Guardiola had lamented not being able to travel by plane between Manchester and Newcastle.

Persons: Erling Haaland, Alexander Isak’s, St James ’, Julián Álvarez, Anthony Gordon, Bruno Guimarães, Isak, Pep Guardiola, Rico Lewis, Oscar Bobb, Haaland, Jeremy Doku, Matheus Nunes, Phil Foden, Guardiola, Oli Scarff, ” Guardiola, ”, “, Alexander Isak, Serena Taylor, “ I’m, Eddie Howe Organizations: CNN, Manchester City, Newcastle United, Newcastle, St James, Premier League, Southampton, Getty, Champions League, Wolves, Saturday, RB Leipzig, Arsenal, ”, Manchester United, ” Newcastle, Burnley Locations: City, Norwegian, West Ham, AFP, Manchester, Newcastle

☆ Viktor Hovland sinks remarkable Ryder Cup par-four hole-in-one — a day too soon
▼ + stars: | 2023-09-28 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

Signature European chants of ‘Olé, olé, olé, olé’ ringing in his ears, Hovland was serenaded on his walk to the hole before retrieving his ball and lobbing it into the crowd. Richard Heathcote/Getty ImagesThose same fans will be hoping for repeat heroics across the rest of the week as Team Europe captain Luke Donald and Co. look to avenge a crushing defeat at Whistling Straits in 2021. This season, three PGA Tour wins and minimum top-13 finishes in all four majors have rocketed Hovland to world No. “There’s a belief and a confidence that I can get myself out of any situation, and I think that’s a huge turnaround from last time.”Though the US is spearheaded by world No. “Obviously, we want to beat the Americans, we enjoy that, but it’s not because we hate the other team.

Persons: CNN —, Viktor Hovland’s, Marco Simone Golf, ‘, Hovland, Richard Heathcote, Luke Donald, “, ” Hovland, I’ve, Scottie Scheffler, Northern Ireland’s Rory McIlroy, Spain’s Jon Rahm, ” Organizations: CNN, Ryder, Getty, Team Europe, Oklahoma State University, Europe, Shore Locations: Norwegian, Whistling Straits, Northern, Rome, Europe

☆ Rosebank: Britain approves huge, controversial oil and gas field in the North Sea
▼ + stars: | 2023-09-27 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —The British government approved the development of a huge oil and gas field in the North Sea Wednesday, sealing its commitment to keep producing fossil fuels for decades to come. “We have today approved the Rosebank Field Development Plan which allows the owners to proceed with their project,” said a spokesperson for oil and gas regulator the North Sea Transition Authority in a statement. The spokesperson added the decision had been made “taking net zero considerations into account throughout the project’s lifecycle.” Net zero is where the world removes at least as much planet-heating pollution as it emits. UK Prime Minister Rishi Sunak recently said he wanted to “max out” oil and gas developments in the North Sea and issue hundreds of new licenses. “Even when we’ve reached net zero in 2050, a quarter of our energy needs will come from oil and gas.

Persons: “, ”, Rishi Sunak, Sunak, we’ve, ” Sunak, Tessa Khan, Lyndsay Walsh, Rosebank, Claire Coutinho Organizations: CNN, Transition, International Energy Agency, Oxfam, Shell Locations: Shetland, Scotland, Norwegian, North, Rosebank

SAS filed for U.S. bankruptcy protection last year as it struggled to slash costs and debt amid strikes by pilots. SAS hopes to raise 9.5 billion Swedish crowns ($863 million) in new equity and convert 20 billion crowns of debt into equity. They could include Sweden's family-owned Wallenberg foundation, which currently holds a 3.4% stake in SAS, or Danish pension funds, he said. Once that is done, SAS can begin proceedings to exit chapter 11 bankruptcy protection, which could be late this year or next year, Pedersen said. It is not clear if SAS will be taken off the Swedish stock market after exiting bankruptcy protection.

Persons: Johan Nilsson, Apollo, Jacob Pedersen, Gerald Engstrom, Pedersen, Johannes Birkebaek, Jacob Gronholt, Mark Potter Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavia's, SAS, U.S, Italy's ITA Airways, Portugal's TAP, WHO, Apollo Global Management Inc, European Union, Wallenberg, Private, Lufthansa, ITA Airways, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Copenhagen, EU, Europe, SWEDEN, NORWAY, Swedish, Sweden, Private Swedish

☆ Finland lifts ban on transferring Yandex data to Russia
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File Photo Acquire Licensing RightsOSLO, Sept 26 (Reuters) - Finland's data protection regulator said on Tuesday it had lifted a temporary ban on Russian tech group Yandex (YNDX.O) and Dutch-based partner Ridetech from transferring to Russia the personal data of customers of Yandex's Yango ride-hailing app. The emergency ban was announced in August in response to Russian legislation which Finland at the time believed would give Russia's Federal Security Service the right to receive data from Finnish users processed in taxi operations. Yango has said it processes data in strict compliance with General Data Protection Regulation (GDPR) and EU legislation, and that Russia in any case had no jurisdiction over the company's international business. Norway had also planned a similar ban to the one issued by Finland but had not issued a formal order and will refrain from doing so, a spokesperson for the Norwegian Data Protection Agency said.

Persons: Evgenia, Ridetech, Yango, Terje Solsvik, Ros Russell Organizations: REUTERS, Rights, Federal Security Service, Yandex, General Data Protection, Norwegian Data Protection Agency, Thomson Locations: Moscow, Russia, Rights OSLO, Finland, Finnish, Norway

☆ Leipzig's Sesko uncomfortable with Haaland comparisons
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Sept 26 (Reuters) - New RB Leipzig forward Benjamin Sesko is not comfortable being compared with Manchester City star striker Erling Haaland and while they have some things in common he says he has his own style. Haaland is already a treble winner with City after his first season there, while Sesko, who joined Leipzig this season, still needs to prove his worth on the big stage. He will get the chance next week when he will face off with Haaland in their Champions League group match. "If we do the same performance it could be possible but if it is not full power (against Bayern) then it will be hard," Sesko said. The Bavarians are chasing a record-extending 12th consecutive league crown but Leipzig could given them a run for their money, Sesko said.

Persons: Benjamin Sesko, Erling Haaland, Sesko, Christopher Nkunku, Dominik Szoboszlai, Andre Silva, Karolos Grohmann, Christian Schmollingr Organizations: Leipzig, Manchester City, Red Bull Salzburg, Bundesliga, City, Haaland, Champions League, League, Young Boys, France, Bayern Munich, Bayern, Thomson Locations: Slovenia, Germany, Munich, Leipzig

☆ Hans Niemann: Chess grandmaster ‘categorically’ denies using vibrating sex toys to cheat in the sport
▼ + stars: | 2023-09-26 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

When he was pressed by Morgan if he had used such toys “while playing chess,” Niemann replied: “Well, your curiosity is a bit concerning, you know - maybe you’re personally interested, but I can tell you, no. The accusations of cheating aimed at Niemann evolved into a scandal which gripped the world of chess over the last year. Niemann then filed a $100 million defamation lawsuit against Chess.com, Carlsen and popular streamer and player Hikaru Nakamura. As a result, online chess sites, like Chess.com, have developed anti-cheating technology to detect when players are using outside computer software during games in an attempt to curb foul play. While FIDE is battling to combat online cheating, there has been a level of purity to over-the-board chess with cheating proving to be much more difficult.

Persons: Hans Niemann, Piers Morgan, Niemann, ”, it’s, Morgan, ” Niemann, you’re, Magnus Carlsen, “, Carlsen, St . Louis, Chess.com, Hikaru Nakamura, Magnus, Niemann –, –, they’ve, Andy Howie, haven’t Organizations: CNN, New York Times, Louis Chess Club, Chess.com, ” CNN, FIDE Locations: Norwegian, St ., Chess.com, Stockfish

Kosovo authorities say around 30 heavily armed Serbs stormed the village of Banjska on Sunday, battling police and barricading themselves into the Serbian Orthodox monastery. Police recaptured the monastery late on Sunday after three attackers and one police officer were killed. Kosovo has accused Serbia of backing the armed militants; Serbia says Kosovo is to blame for mistreating residents in the Serb-majority area. It said one of them was Milan Radojcic, a Kosovo Serb politician and one of the leaders of the Serb List party. Serb List was the dominant Serb party in Kosovo's parliament before Serbs from the north and those loyal to Belgrade boycotted Kosovo's institutions nearly a year ago.

Persons: Milos Vucevic, Bjoern Arild Gram, Ognen, Aleksandar Vucic, Albin, Kurti's, Milan Radojcic, Dejan, Dusan Maksimovic, Fatos Bytyci, Aleksandar Vasovic, Ivana Sekularac, Christina Fincher, Alison Williams Organizations: Kovoso Police, Kosovo police, Police, ", Kosovo Serbs, REUTERS, KFOR, Kosovo, Reuters, Belgrade, Kosovo's, Vucic's Serbian Progressive Party, Thomson Locations: PRISTINA, BELGRADE, Kosovo, Banjska, Serbian, Serbia, NATO, Belgrade, Pristina, Serb, Zvecan, United States, EU, Britain, France, Germany, Italy, Kosovo Serb, Kosovo's

TOKYO (AP) — Asian shares mostly sank Tuesday over worries about a possible U.S. government shutdown and the troubled Chinese economy. Political Cartoons View All 1179 ImagesRealization is sinking in that the Federal Reserve will likely keep interest rates high well into next year. Higher yields are at the head of a long line of concerns weighing on Wall Street. On Wall Street, Amazon rose 1.7% and was the strongest single force pushing up on the S&P 500. Also on the losing end of Wall Street were stocks of travel-related companies, which slumped under the weight of worries about higher fuel costs.

Persons: Australia's, Korea's Kospi, Evergrande, ”, Tina Teng, That’s, ” Goldman Sachs, David Kostin, what’s, haven’t, Chris Larkin, Morgan Stanley, Brent, Stan Choe Organizations: TOKYO, CMC, Dow Jones, Nasdaq, Federal Reserve, Big Tech, Netflix, Walt Disney Co, Warner Brothers Discovery, Southwest Airlines, Norwegian Cruise, Exxon Mobil, ConocoPhillips, U.S, AP Locations: Hong, Shanghai, Canada, U.S, Anthropic, Norwegian, New York

☆ NATO air forces are turning to the alliance's new experts for help training to dodge Russian missiles
▼ + stars: | 2023-09-26 | by ( Christopher Woody | ) www.businessinsider.com time to read: +7 min

NATO air forces have been training with Finland, NATO's newest member, to operate from highways. The British and Norwegian air forces are the latest to train with NATO's newest member, sending Typhoon and F-35A fighter jets to participate in Exercise Baana, the Finnish air force's annual exercise, this month. Norwegian Armed Forces/Martin MellquistIn announcements about the milestone, the British and Norwegian air forces cited similar reasons for pursuing it. Maj. Gen. Rolf Folland, chief of the Royal Norwegian Air Force, said that being able to operate from small airfields and motorways "increases our survivability in war." US Defense Department/SRA Glenda PellumLanding on highways is not new — NATO air forces practiced it during the Cold War — but it has gotten more attention from Western air forces seeking to counter threats from long-range weapons fielded by Russia and China.

Persons: —, AS1 Tomas Barnard It's, Jim, Typhoon's, it's, Martin Mellquist, Rolf Folland, Folland, Glenda Pellum, Ole Andreas Vekve, James Hecker Organizations: NATO, Service, British, Royal Air Force, British Typhoons, Squadron, Ministry of Defence, Baana, Royal Auxiliary Air Force, Norwegian Armed Forces, Combat, Royal Norwegian Air Force, US Defense Department, US Air Force, US Air Forces, NATO's Allied Air Command Locations: Finland, Russia, Ukraine, Norwegian, British, West Germany, NATO, China, Eastern Europe, Lithuania, Sweden, Soviet Union, Finnish, Europe

☆ An ex-Wagner boss was arrested in Norway after officials suspected he was trying to sneak back into Russia
▼ + stars: | 2023-09-24 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

An ex-Wagner group commander was shot at and arrested by Norwegian police, Reuters reported. Police said Andrei Medvedev was trying to sneak back into Russia illegally. Medvedev abandoned Russia for Norway in January, claiming he feared for his life. Andrei Medvedev was shot at and arrested after authorities suspected he trying to cross the Russian border at an undesignated entry point on Saturday, Reuters reported. AdvertisementAdvertisementMedvedev abandoned Russia for Norway in January, claiming he feared for his life after witnessing the mistreatment of Russian prisoners of war in Ukraine, Reuters reported.

Persons: Wagner, Andrei Medvedev, Medvedev, Brynjulf Risnes, Risnes, Yevgeny Prigozhin, Prigozhin, Vladimir Putin Organizations: Reuters, Police, Service Locations: Norwegian, Russia, Norway, Wall, Silicon, Russian, Ukraine, Belarus

Former Wagner commander Andrei Medvedev is pictured in court with his lawyer Brynjulf Risnes (not pictured), in Oslo, Norway April 25, 2023. Andrei Medvedev, who escaped Russia in January via its Arctic border with Norway, has described running as Russian guards fired shots at him. Police said in a statement late on Friday that a man in his 20s had been taken into custody for attempting to illegally cross the Russian border, but did not name him. It was never his intention to cross the border (into Russia)," Risnes said. Risnes said Medvedev had the right to return to Russia if he wanted to, but that "a lot of changes need to happen" in order to make a safe return.

Persons: Wagner, Andrei Medvedev, Brynjulf Risnes, Gwladys, Risnes, Medvedev, Yevgeny Prigozhin, Gwladys Fouche, Nerijus, Terje Solsvik Organizations: REUTERS, Rights, Police, Reuters, Russia, YouTube, Thomson Locations: Oslo, Norway, Rights OSLO, Russia, Ukraine, Russian, Finnmark, Norwegian, Moscow

☆ Lewandowski and Cancelo strike as Barca snatch 3-2 win over Celta
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

BARCELONA, Sept 23 (Reuters) - Robert Lewandowski scored a quickfire double before Joao Cancelo sealed a last-gasp 3-2 win for Barcelona over Celta Vigo in a LaLiga clash at the Estadi Olimpic Lluis Companys on Saturday. The win provisionally moves Barcelona to the top of the league standings with 16 points from six games, one point ahead of Real Madrid who face local rivals Atletico Madrid on Sunday. We played with faith, with courage, although we were a bit sloppy at times," Barcelona manager Xavi Hernandez said. Strand Larsen nearly doubled his tally just before half-time but the Norwegian's bullet header was thwarted by Ter Stegen. Cancelo then ghosted between two Celta defenders to get on the end of Gavi's inch-perfect cross to snatch victory from the jaws of defeat and seal a fifth straight league win for Barca.

Persons: Robert Lewandowski, Joao Cancelo, Lluis Companys, Xavi Hernandez, It's, Iago Aspas, Andre ter Stegen, Jorgen Strand Larsen, Ter, Luca de la Torre, Strand Larsen, Ter Stegen, Xavi, Lamine Yamal, Ronald Araujo, Tasos Douvikas, Lewandowski, Ivan Villar, Cancelo, Aadi Nair, Clare Fallon Organizations: Barcelona, Celta Vigo, Atletico Madrid, Sunday, Celta, Royal, Real Betis, Barca, Thomson Locations: BARCELONA, Barcelona, Real Madrid, Royal Antwerp, Ter Stegen's, Bengaluru

☆ Lockheed Martin F-35A fighter jets land on motorway
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

OSLO, Sept 22 (Reuters) - A pair of F-35A Lockheed Martin (LMT.N) fighter jets have landed on a motorway for the first time, footage from the Norwegian military showed, a step that enables them to reduce vulnerable time on the ground in times of war. Immediately after landing, refuelling was carried out with the engines running, a so-called "hotpit refuelling", the Norwegian military said, before the planes took off again. [1/3]An F-35A Lockheed Martin fighter jet lands on a motorway, in Tervo, Finland September 21, 2023. Another type of F-35, the F-35B which is able to land vertically, has landed on roads before. Finland is planning to buy 64 F-35 fighter jets from Lockheed Martin.

Persons: Lockheed Martin, Rolf Folland, NTB, Ole Andreas Vekve, Gwladys Fouche, Sharon Singleton Organizations: Lockheed, Royal Norwegian Air Force, REUTERS Acquire, Rights, NATO, Thomson Locations: OSLO, Tervo, Finland, Rights Finland, Russia, Norway

☆ European markets retreat on prospect of higher for longer rates
▼ + stars: | 2023-09-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were slightly lower on Friday as the prospect of higher for longer interest rates emerges from a slew of central bank decisions this week. Stock markets have endured a volatile week, and the European blue chip index dropped 1.3% on Thursday. Both the Swedish and Norwegian central banks hiked interest rates. The Bank of Japan on Friday left interest rates unchanged at -0.1%, while maintaining its outlook and yield curve control policy, showing no impetus to end its massive economic stimulus measures. Data releases in Europe Friday include August retail sales and September purchasing managers' index readings from the U.K.

Persons: Jerome Powell Organizations: U.S . Federal Reserve, Bank of England, Swiss National Bank, Bank of Japan Locations: Norwegian, Asia, Pacific, Europe

☆ Worried about vulnerable airbases, a US ally landed a F-35A stealth fighter on a highway for the first time in NATO's newest member
▼ + stars: | 2023-09-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Norway's military did something that's never been done before and landed a F-35A on a highway for the first time. Not only for the Norwegian Air Force, but also for the Nordic countries, and for NATO. Norwegian F-35A taking off from a highway in Finland for the first time. Norwegian F-35A taking off from a highway in Finland for the first time. The F-35A is used by the Air Force while the F-35C is employed by the Navy and Marine Corps aboard carriers.

Persons: that's, Finland —, —, Rolf Folland, Folland, Eivind Byre, Eirik Kristoffersen, Ole Andreas Vekve, it's, Lockheed Martin, Tony Bauernfeind Organizations: Service, Norwegian Armed Forces, Norwegian Air Force, Nordic, NATO, Royal Norwegian Air Force, US Air Force, Air Force, Lockheed, Marine Corps, Marines, Pacific, Navy, Air Force Special Operations Command Locations: Wall, Silicon, Norway, Finland, NATO, Finnish, Nordic, Michigan, Wyoming, Texas, Norwegian, Southern California, Russia, China

☆ Permira will have to work to exit classified hole
▼ + stars: | 2023-09-22 | by ( Karen Kwok | ) www.reuters.com time to read: +3 min

LONDON, Sept 22 (Reuters Breakingviews) - Permira is trying to salvage its bet on classified ads. But buying more may be the best way for Permira to make a healthy return, provided the business can be turbocharged. On Thursday, Adevinta said it had received a non-binding offer from Blackstone and Permira. Norwegian media group Schibsted, a 28% Adevinta shareholder, and eBay, which owns a 33% stake, expressed their support for the proposal and will retain part of their current stake, Adevinta said. In 2021 eBay sold 10% of its stake in Adevinta to Permira for $2.25 billion.

Persons: Adevinta, Permira, Blackstone, Aimee Donnellan, Streisand Neto Organizations: Reuters, Blackstone, eBay, Reuters Graphics Reuters, EBay, Permira, Thomson Locations: Norwegian, Adevinta, Oslo, Permira

☆ The US Air Force's plan to give its biggest planes new missions has gotten China's attention
▼ + stars: | 2023-09-22 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

US Air Force officials say they're pursuing a plan to drop "palletized effects" from cargo planes. Minihan said "palletized effects" could include much more than just "kinetic effects" like missiles. There's other kinetic effects, non-kinetic effects, jammers, that if it can fit in the back and can be air-launched" then it could be employed to deliver "decisive effects," Bauernfeind said. "When it comes to palletized effects, I'm not looking for big modifications. AdvertisementAdvertisementA palletized effects system in the air during a live-fire test in Norway in November 2022.

Persons: It's, Brandon Esau, Mike Minihan, Minihan, Tony Bauernfeind, Bauernfeind, Brandon Esau Minihan, Derek Solen, Solen, Brigette, Brigette Waltermire Solen Organizations: US Air Force, Service, Air Force, Air Force Research Laboratory, Air Force Special, Command, Air Mobility Command, Staff, Air and Space Forces, Washington DC, Air Force Special Operations Command, China National Defense, PLA, Communist, Military Commission, US Air, China Aerospace Studies, Science, US Air National Guard / Tech Locations: Wall, Silicon, China, Florida, Norwegian, Norway

☆ Dollar eases after Fed-spurred rise; yen stronger ahead of BOJ
▼ + stars: | 2023-09-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

[1/3] Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. The Japanese yen strengthened against the greenback before Friday's Bank of Japan policy announcement, while the pound and the Swiss franc slipped after the British and Swiss central banks kept rates unchanged. The BOJ will end its negative interest rate policy next year, the majority of economists said in a Reuters poll, as the market has begun to envisage the demise of its ultra-easy monetary settings. The pound fell to its lowest since March after the Bank of England held interest rates steady on Thursday, following a cooler-than-expected inflation report the previous day. Meanwhile, Sweden's Riksbank and Norway's central bank both raised rates by 25 basis points, in line with expectations.

Persons: Jason Lee, Helen, Powell didn't, BoE, Monex's, Brad Bechtel, Sweden's, bitcoin, Saqib Iqbal Ahmed, Sam Holmes, Shri Navaratnam, Sharon Singleton, Richard Chang Organizations: Hong, REUTERS, U.S, Federal Reserve, Friday's Bank of Japan, Swiss, British, Fed, Monex, ECB, Traders, FX, Jefferies, Bank of England, Swiss National Bank, Thomson Locations: Hong Kong, Swiss, Japan, Swedish, Norwegian

☆ Pound, franc slide as central banks pause hikes; dollar holds firm
▼ + stars: | 2023-09-21 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

The euro rose as high as 0.9677 francs and is set for its biggest one-day rise since June. The dollar rose 0.8% to 0.9053 francs , hitting its highest level since June 13. "The Swiss franc has understandably weakened after the surprise hold in the policy rate today," ING strategists said in a note. Meanwhile, Sweden's Riksbank and Norway's central bank both raised rates by 25 basis points, in line with expectations. Although you never know for sure with this central bank," said Matt Simpson, senior market analyst at City Index.

Persons: Dado Ruvic, Sterling, Goldman Sachs, Michael Cahill, Sweden's, Niels Christensen, Matt Simpson, Samuel Indyk, Brigid Riley, Kevin Buckland, Sam Holmes, Shri Navaratnam, Sharon Singleton Organizations: REUTERS, Swiss, British, U.S . Federal Reserve, Friday's Bank of Japan, Bank of England, Swiss National Bank, ING, Fed, Bank of Japan, New Zealand, NZ, Thomson Locations: Swiss, Sweden, Norway, Swedish, Norwegian

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

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

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

☆ Morning Bid: Fed leaves shoe dangling in policy parade
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +5 min

At least eight major central banks are meeting on Thursday. Central banks in South Africa and Turkey are also meeting. Futures now show the implied Fed policy rate for the end of next year at a new cycle high of 4.85% - up a whopping 35 basis points in just over a week. Key developments that should provide more direction to U.S. markets later on Thursday:* Bank of England policy decision; South Africa Reserve Bank policy decision, Central Bank of Turkey policy decision. European Central Bank President Christine Lagarde speaks* Philadelphia Fed's September business survey, U.S. weekly jobless claims, U.S. Aug existing home sales, U.S. Q2 current account estimate.

Persons: Sarah Silbiger, Mike Dolan, Jerome Powell, Goldman Sachs, Goldman, Jan Hatzius, Robin Brooks, Brooks, BoE, Christine Lagarde, Darden, Christina Fincher Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Swiss National Bank, Bank of, Fed, for International Finance, Treasury, Swiss, Africa Reserve Bank, Central Bank of, European Central Bank, Factset, Reuters, Thomson Locations: Washington ,, U.S, Norwegian, Bank of England, South Africa, Turkey, Central Bank of Turkey, Philadelphia

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