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☆ Cannabis entrepreneur rolls his fortune into real estate and sports deals
▼ + stars: | 2023-10-18 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

"A lot of professional athletes and musicians and entertainers love cannabis," Joseph said. Now, Big Plan is teaming up with cannabis retailer Silver Therapeutics to buy $35 million of marijuana-related commercial real estate in New England. Unlike most family offices, Big Plan didn't actually start with a big plan or mission. Sydni oversees business development and handles due diligence and screening for potential deals, while Sophie is president of the Joseph Family foundation. "My number one piece of advice for other family offices is get your kids involved," he said.

Persons: Josh Joseph, Joseph, CNBC's, South Joseph, He's, seltzer, we're, Josh, Tara, Sydni, Sophie, we've Organizations: Grassroots, Big, Holdings, Vegas, Broadway, Music City, NBA, Silver Therapeutics, University of Illinois Locations: Nashville, South, cannabidiol, Chicago, New England, Austin

☆ Fed's Goolsbee says fall in US inflation is not just a blip- FT
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

Chicago Fed President Austan Goolsbee reacts as he heads into the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. "There is a lot saying that inflation is trending down compared with what it has been and that’s what we want," Goolsbee said in an interview with the Financial Times. It wasn’t a one-month blip... we have to hope and keep an eye out to make sure that continues," he said. The Chicago Fed president acknowledged a reversal in rental and other housing inflation after months of easing was a "negative surprise" meriting a "proper element of caution", according to the report. Reporting by Jose Joseph in Bengaluru; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Austan Goolsbee, Ann Saphir, Goolsbee, Jose Joseph, Toby Chopra Organizations: Chicago Fed, Kansas City, REUTERS, Financial Times, Thomson Locations: Kansas, Jackson Hole , Wyoming, U.S, Bengaluru

☆ Peruvian annual inflation eases to lowest level in more than two years
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Oct 1 (Reuters) - Annual inflation in Peru decelerated to 5.04% in September to hit its lowest level in more than two years, according to official figures published on Sunday, though consumer prices remained some way above the central bank's target rate. Data from national statistics agency INEI showed the key index based on the metropolitan region of Lima slowed to its lowest level since August 2021, when it stood at 4.95%. On a month-to-month basis the Lima Consumer Price Index, Peru's inflation benchmark, inched up 0.02% in September, well below the 0.38% increase in August. The figures are a boost to Peru's bid to wrestle inflation back to the central bank's official target of 2%, plus or minus one percentage point. Reporting by Diego Ore in Mexico City and Jose Joseph in Bengaluru Editing by Drazen Jorgic and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: INEI, Diego Ore, Jose Joseph, Drazen Jorgic, Aurora Ellis Organizations: Lima Consumer, Diego, Thomson Locations: Peru decelerated, Lima, Mexico City, Bengaluru

☆ Ackman's SPARC is seeking new deals with private companies
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo Acquire Licensing RightsOct 1 (Reuters) - Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from U.S regulators for distributing special purpose acquisition rights. The SPARC, an affiliate of billionaire investor Bill Ackman's Pershing Square Tontine Holdings Ltd, is targeting companies that seek to raise a minimum of $1.5 billion of capital, it said in a regulatory filing on Friday. Ackman's SPARC is a variation of a special purpose acquisition company (SPAC), the market for which has cooled since its peak in 2021 as investors nursed losses on many deals. Ackman added that he has no idea if X is interested and would still need to determine whether or not a deal is doable.

Persons: Bill Ackman, Richard Brian, Bill Ackman's, Elon Musk's, Ackman, Elon Musk, Jose Joseph Organizations: Pershing Square Capital Management, REUTERS, Pershing Square SPARC Holdings Ltd, SPARC, Tontine Holdings, Wall, Elon, Thomson Locations: Las Vegas , Nevada, U.S, Bengaluru

☆ Kaiser Permanente workers say deal unlikely to avert strike
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

The newly constructed Kaiser Permanente San Diego Medical Center hospital is shown in San Diego, California, U.S. April 17, 2017. REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 1 (Reuters) - The coalition of unions representing healthcare workers at Kaiser Permanente said late on Saturday it is unlikely there will be a new agreement with the healthcare provider, as their current contract expires and the unions prepare for strike action. The Coalition of Kaiser Permanente Unions said it and the company remained far apart on important issues. Earlier in September, more than 75,000 Kaiser healthcare workers called for a strike from Oct. 4 to Oct. 7 across California, Oregon, Washington, Colorado, Virginia and Washington DC, in what would be the largest healthcare workers' strike, according to the coalition. Workers of the coalition are demanding resolution on a short-staffing crisis, a pay increase and an improvement in medical plans.

Persons: Mike Blake, Kaiser Permanenete, Jahnavi Nidumolu, Jose Joseph, Hugh Lawson, Nick Zieminski Organizations: Kaiser Permanente San Diego Medical Center, REUTERS, Kaiser Permanente, Coalition, Kaiser Permanente Unions, Reuters, Washington DC, . Workers, U.S . Bureau of Labor Statistics, Auto, Detroit Three, Ford, Motors, Chrysler, Thomson Locations: Kaiser, San Diego , California, U.S, California , Oregon, Washington , Colorado, Virginia, Washington, United States, Bengaluru

☆ International Longshore and Warehouse US dockworkers union files for bankruptcy
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

Oct 1 (Reuters) - The International Longshore and Warehouse Union (ILWU) representing U.S. dockworkers has filed for a chapter 11 bankruptcy protection to resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI). The union has listed its assets and liabilities in the range of $1 million to $10 million, according to the Sept. 30 filing made in a San Francisco court. "While we have attempted numerous times to resolve the decade-long litigation with ICTSI Oregon, at this point, the Union can no longer afford to defend against ICTSI's scorched-earth litigation tactic", said ILWU International President Willie Adams. The union in August ratified a six-year contract for U.S dockworkers that improved pay and benefits for 22,000 employees at 29 ports stretching from California to Washington State. Reporting by Jose Joseph in Bengaluru; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: dockworkers, Willie Adams, ICTSI, Jose Joseph, Aurora Ellis Organizations: Warehouse Union, Oregon, International Container Terminal Services, ICTSI, ICTSI's, Union, Port, Wall, U.S, Washington State, Thomson Locations: San Francisco, ICTSI Oregon, Port of Portland, Philippines, United States, Canada, California, Washington, Bengaluru

☆ Apple, China met to discuss Beijing's crackdown on western apps, Wall Street Journal reports
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. The officials told Apple that it must strictly implement the rules which ban unregistered foreign apps, the report said, citing people familiar with the matter. Beijing has been expanding oversight of smartphone and mobile app usage over the past several years, and now requires mobile app stores and mobile apps to submit business details to the government. Apple has not disclosed how its app store in China will comply with Beijing’s new rules. Experts said Apple's compliance could lead to tens of thousands of apps being removed from its app store in China.

Persons: Aly, Jose Joseph, Nivedita Bhattacharjee Organizations: Apple, REUTERS, Wall Street, Reuters, Thomson Locations: Shanghai, China, Beijing, Bengaluru

☆ Apollo Global among suitors for IGT's global gaming division- Bloomberg News
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 13 (Reuters) - Private equity giant Apollo Global Management (APO.N) is among the potential suitors seeking to acquire International Game Technology's (IGT.N) global gaming division, Bloomberg News reported on Wednesday. IGT's gaming unit could fetch $4 billion to $5 billion in a sale, including debt, the report said, citing people with knowledge of the matter. Apollo Global did not immediately respond to a Reuters' request for comment and IGT could not be reached for comment. UK-based IGT said in June that it was exploring strategic alternatives for its global gaming and PlayDigital segments, which includes, but is not limited to, a sale. Reporting by Jose Joseph in Bengaluru; Editing by Shailesh Kuber and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, IGT, Jose Joseph, Shailesh Kuber, Subhranshu Organizations: Game Technology PLC, New York Stock Exchange, REUTERS, Apollo Global Management, Bloomberg, Apollo, Thomson Locations: Bengaluru

Many people spent a second night in the open after the 6.8 magnitude quake hit late on Friday. Morocco has declared three days of mourning and King Mohammed VI called for prayers for the dead to be held at mosques across the country on Sunday. PULLING SURVIVORS FROM RUBBLEThere were hopes more survivors could be found. Footage captured on Saturday in Moulay Brahim, showed rescuers pulling someone from the rubble. It was Morocco's deadliest earthquake since 1960 when a quake was estimated to have killed at least 12,000 people, according to the U.S. Geological Survey.

Persons: King, Adeeni Mustafa, King Mohammed VI, Caroline Holt, Abdellatif Ait, Saida Bodchich, Moulay Brahim, Ayat, Ahmed Eljechtimi, Jose Joseph, Adam Makary, Omar Abdel, Angus McDowall, Tom Perry, Frances Kerry, Elaine Hardcastle Organizations: ., Reuters, Ministry, World Health Organization, International Federation of Red, Red Crescent Societies, High, . Geological Survey, International Monetary Fund, World Bank, IMF, Thomson Locations: BRAHIM, Morocco, Marrakech, Moulay, Tansghart, Abdellatif Ait Bella, Turkey, Bengaluru, Razek, Cairo, London

☆ Rescuers Hunt for Survivors of Morocco Quake With Over 2,000 Dead
▼ + stars: | 2023-09-10 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +4 min

Many people spent a second night in the open after the 6.8 magnitude quake hit late on Friday. The latest Interior Ministry figures put the death toll at 2,012, with 2,059 people injured, including 1,404 in critical condition. Morocco has declared three days of mourning and King Mohammed VI called for prayers for the dead to be held at mosques across the country on Sunday. PULLING SURVIVORS FROM RUBBLEThere were hopes more survivors could be found. Footage captured on Saturday in the town of Moulay Brahim, some 50 km (30 miles) south of Marrakech, showed rescuers pulling someone from the rubble.

Persons: Jihed Abidellaoui, Alexander Cornwell MARRAKECH, King Mohammed VI, Caroline Holt, Abdellatif Ait, Saida Bodchich, Ayat, ”, Ahmed Eljechtimi, Jose Joseph, Adam Makary, Omar Abdel, Tom Perry, Frances Kerry Organizations: ., Ministry, World Health Organization, International Federation of Red, Red Crescent Societies, High, Reuters, . Geological Survey, International Monetary Fund, World Bank, IMF Locations: Morocco, Marrakech, Moulay, Tansghart, Abdellatif Ait Bella, Turkey, Bengaluru, Razek, Cairo

☆ Powerful 6.8 magnitude earthquake strikes Morocco, some damage reported
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

RABAT, Sept 8 (Reuters) - A powerful earthquake of magnitude 6.8 struck central Morocco late on Friday, the U.S. Geological Survey said, shaking buildings in nearby Marrakesh and sending panicked residents out into the streets. The scale of the damage was not immediately clear. Some videos shared on social media, which Reuters could not immediately verify, appeared to show at least one building collapsing and rubble in the streets. Others showed people running out of a shopping center, restaurants and apartment buildings and congregating outside. In Marrakesh, resident Brahim Himmi said he saw ambulances coming out of the old town and that many building facades were damaged.

Persons: Brahim Himmi, Ahmed El Jechtimi, Jose Joseph, Rosalba O'Brien, Jonathan Oatis Organizations: U.S . Geological Survey, Reuters, Thomson Locations: RABAT, Morocco, U.S, Marrakesh, Oukaimeden, Rabat, Bengaluru

The U.S. Geological Survey said the quake had a magnitude of 6.8 with an epicentre some 72 km (45 miles) southwest of Marrakech. "When I felt the earth shaking beneath my feet and the house leaning, I rushed to get my kids out. [1/14]Residents rest in central Marrakesh following a powerful earthquake in Morocco, September 9, 2023. It was Morocco's deadliest earthquake since 1960 when a quake was estimated to have killed at least 12,000 people, according to the U.S. Geological Survey. Marrakech is due to host the annual meetings of the International Monetary Fund and World Bank from Oct. 9.

Persons: Mohamed Azaw, Mohamed Ouhammo, Montasir, Abdellatif Ait, Saida Bodchich, Hannah McKay, Waaziz Hassan, Mohammad Kashani, Zakia Abdennebi, Tarek Amara, Alexander Cornwell, Ahmed Tolba, Jose Joseph, Muhammad Al Gebaly, Adam Makary, Michelle Nichols, Graham Keeley, Josephine Mason, Angus McDowall, Tom Perry, Tomasz Janowski, Frances Kerry, Alexander Smith, Peter Graff, Daniel Wallis Organizations: WHO, Moroccan, Interior Ministry, Geological Survey, Food, High, REUTERS, World Health Organization, UNESCO, . Geological Survey, University of Southampton, International Monetary Fund, World Bank, IMF, Reuters, Thomson Locations: Marrakech, Casablanca, Rabat, Morocco, U.S, Amizmiz, Asni, Tansghart, Abdellatif Ait Bella, Marrakesh, Huelva, Jaen, Spain, Jemaa, Moroccan, Turkey, Algeria, Tunis, Imsouane, Dubai, Bengaluru, Cairo, New York, Madrid, London

☆ GQG Partners buys additional stake in Adani Ports
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +1 min

Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, February 2, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing RightsAug 19 (Reuters) - Investment firm GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd (APSE.NS) on Aug. 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday. GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0.10% or 2.2 million shares of the company through a bulk deal, the disclosure made late on Saturday said. The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group that was published in January. Reuters reported last Wednesday that GQG partners bought an 8.1% stake in Adani Power for $1.1 billion via block deal.

Persons: Amit Dave, GQG, Hindenburg, Jose Joseph, Tomasz Janowski, Toby Chopra, Jane Merriman Organizations: Adani, REUTERS, GQG Partners, Deloitte, Adani Ports, Reuters, Thomson Locations: Ahmedabad, India, Adani Ports, Power, Bengaluru

☆ Amid gang wars and food shortages, Haiti hospital struggles to treat malnourished children
▼ + stars: | 2023-08-04 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Mackenson Pierre, a doctor, treats Marie Michelle Joseph's 9-month-old baby Myleisha Moliere at the Centre Hospitalier de Fontaine, July 27. After being turned away from Haiti's only general hospital, her daughter Myleisha was finally accepted at Fontaine Hospital - in an area the rest of her family considers too unsafe to visit. "I'm the only one by her side," the 27-year-old mother said. Myleisha's twin brother died just a week after he was born and Joseph is miles away from her relatively well-to-do area of the capital. REUTERS/Octavio JonesClose

Persons: Mackenson Pierre, Marie Michelle Joseph's, Moliere, Fontaine, Myleisha, Joseph, Octavio Jones Organizations: Fontaine Hospital Locations: Haiti's

☆ Haiti hospital cares for kids amid gang violence, hunger and scarce aid
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +3 min

After being turned away from Haiti's only general hospital, her daughter Myleisha was finally accepted at Fontaine Hospital, a UNICEF-sponsored facility in the capital Port au Prince - in an area the rest of her family considers too unsafe to visit. The Fontaine Hospital is located in the Cite Soleil neighborhood, where the G9 and G-Pep gangs have been fighting a vicious turf war. "We are in one of the poorest areas of the country, and also one of the most dangerous," said hospital founder Jose Ulysse. The UN World Food Programme (WFP) says nearly half of Haiti's population - some 4.9 million people - are going hungry. Without more UNICEF funding, hospital director Kareen Ulysse said she doubts the Fontaine can keep running for another year.

Persons: Pierre, Marie Michelle Joseph's, Moliere, Fontaine, Octavio, Myleisha, Joseph, Jose Ulysse, Celestin Fraceline, Kareen Ulysse, Haiti's, Octavio Jones, Harold Isaac, Sarah Morland, Rosalba O'Brien Organizations: Cite Soleil, REUTERS, Fontaine Hospital, UNICEF, au, United Nations, UN, Food Programme, Thomson Locations: Cite, Port, Prince, Haiti, Haiti's, au Prince, Kenya

☆ At No Labels Event, a Few Disagreements on Policy Seep In
▼ + stars: | 2023-07-17 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +1 min

As the ostensibly bipartisan interest group No Labels discovered on Monday, consensus campaigning and governance is all well and good until it comes time for the details. At an event at Saint Anselm College in Manchester, N.H., the group had something of a soft launch of its potential third-party bid for the presidency when Senator Joe Manchin III, Democrat of West Virginia, and Jon Huntsman Jr., the former Republican governor of Utah, formally released No Labels’ policy manifesto for political compromise. The two men took pains to say they were not the bipartisan presidential ticket of a No Labels candidacy, and that no such ticket would be formed if the Republican and Democratic nominees for 2024 would just embrace their moderation — “that won’t happen if they’re not threatened,” Mr. Manchin said threateningly. On the lofty matter of cooperation and compromise, both men were all in, as were their introducers, Joseph I. Lieberman, a former Democratic senator turned independent, Benjamin Chavis, a civil rights leader and Democrat, and Pat McCrory, a former Republican governor of North Carolina.

Persons: Joe Manchin III, Jon Huntsman Jr, they’re, Mr, Manchin, Joseph I, Lieberman, Benjamin Chavis, Pat McCrory Organizations: Saint Anselm College, Democrat, Republican, Democratic Locations: Manchester, N.H, West Virginia, Utah, North Carolina

☆ Indonesia's Java escapes 6.4 magnitude quake with few casualties, light damage
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

Jakarta, June 30 (Reuters) - A magnitude 6.4 earthquake struck off the Indonesian island of Java on Friday evening, injuring at least 10 people, while one person died of suspected heart attack during the quake, the country's disaster mitigation agency (BNPB) said. The tremor caused minor damage to hundreds of houses, some offices, health and education facilities scattered in the region of Yogyakarta and Central Java province, the agency spokesperson Abdul Muhari told Reuters Saturday. Indonesia's geophysics agency (BMKG) said the quake, which hit at a depth of 25 km (15 miles), was felt in several cities in the region of Yogyakarta as well as east and central Java, Indonesia's most populous island. No tsunami warning was issued. Reporting by Jose Joseph in Bengaluru and Ananda Teresia, Stefanno Sulaiman in Jakarta; editing by Mark Heinrich & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Abdul Muhari, Jose Joseph, Ananda Teresia, Stefanno Sulaiman, Mark Heinrich, Simon Cameron, Moore Organizations: Reuters, Thomson Locations: Jakarta, Java, Yogyakarta, Central Java, Indonesia, Southeast Asia, Bengaluru, Ananda

☆ Opinion: The Supreme Court rewrites American society once again
▼ + stars: | 2023-06-30 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +25 min

But learning the facts - that affirmative action is critical for fostering equal access and opportunity in our academic institutions -cemented my belief that affirmative action is necessary if we want to create an equitable nation. The court’s decision Thursday is consistent with its view that race-based preferences should and would have a limited shelf life. Jon Wang, who revealed himself as a plaintiff in this Supreme Court case, was rejected by Harvard but was accepted at and is now attending Georgia Tech. Affirmative action enabled my ability to experience different ways of thinking and to form the lasting friendships I have made. Affirmative action has been a tool used by many countries to ensure underrepresented communities are included in areas they normally are not.

Persons: who’d, Tan, ”, Ana Fernandez, Richard Kahlenberg, Peniel Joseph, Peniel Joseph Kelvin Ma, Kelvin Ma, retrenchment, Bakke, Shelby, Holder, John F, Barry Goldwater, Richard Nixon, Ronald Reagan, Peniel, Joseph, Barbara Jordan, “, ” Lanhee Chen, Bollinger, Sandra Day O’Connor, Lanhee Chen Lanhee J . Chen, J, Chen, David, Diane Steffy, Romney, Ryan, Roxanne Jones, Andrew Johnson, Jones, WURD, Richard Sander, –, Richard Sander Fiona Harrison, Jeff Yang, Ed Blum’s, Jon Wang, Michael Wang, Williams, Jian Li, Bruce, Hudson Yang, Natasha Warikoo, Ketanji Brown Jackson, ” Natasha Warikoo Alonso Nichols, John Roberts, Brayden Rothe, Biden, can’t, Joe Biden, Brayden Rothe Patrick O'Leary, Pell Organizations: CNN, Fellows of Harvard College, Harvard, Harvard College, Cuban, American Council, Education, Wellesley College, Renaissance Studies, Black, Tufts University, Blacks, Ivy League, Federalist Society, John Birch Society, Trump, Democratic Party, GOP, Center, LBJ School of Public Affairs, University of Texas, Racial Justice, University of North, University of North Carolina Chapel, Public Policy, Hoover Institution, California State, Republican, Democratic, White, Fair, Supreme, ESPN The Magazine, ESPN, New York Daily News, Philadelphia Inquirer, The University of California, UCLA, University of California, UC, Georgia Tech, Department of Education, Princeton, Yale, Stanford, Princeton University, Institute for, Digital Intelligence, Harvard University, College, Social Sciences, of Sociology, Equity, University of Minnesota Locations: today’s, Philippines, Taiwan, Los Angeles, Portland, White, American, United States, West Linn , Oregon, Cuban American, Miami, Havana, Cuba, Miami , Florida, America, Austin, University of North Carolina, California, lockstep, Berkeley, Asian America, Florida, Texas

☆ China plans a new military training facility in Cuba, Wall Street Journal reports
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

June 20 (Reuters) - China and Cuba are negotiating to establish a new joint military training facility on the island, sparking alarm in the U.S. that it could lead to the stationing of Chinese troops and other security operations just 100 miles off Florida's coast, the Wall Street Journal reported on Tuesday citing current and former U.S officials. Reporting by Jose Joseph in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Joseph, Muralikumar Organizations: Wall Street, Thomson Locations: China, Cuba, U.S, Bengaluru

☆ Adobe's $20 bln deal to acquire Figma under threat from EU regulators - FT
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - European antitrust regulators are preparing to launch a formal investigation into software giant Adobe's (ADBE.O) $20 billion buyout deal for cloud-based designer platform Figma later this year, the Financial Times reported on Tuesday. EU authorities plan to push forward with a detailed investigation, over anti-competition concerns, which could take many months and may ultimately derail the deal altogether, FT said, citing people with knowledge of the move. These moves underline global regulators' worries that large tech firms acquiring smaller innovative rivals could throttle competition. Adobe is in the preliminary phase of the regulatory process and having constructive discussions with British, EU, and U.S. regulators about the deal while Figma looks forward to continued conversations with regulators, the companies said in separate emailed statements to Reuters. EU regulators have earlier said that Adobe would need to secure antitrust approval for the Figma deal even though the deal falls short of the bloc's turnover threshold for a review.

Persons: Lavanya Ahire, Anusha S, Jose Joseph, Nivedita Bhattacharjee, Rashmi, Dhanya Ann Thoppil Organizations: Financial Times, Adobe, EU, Reuters, Bloomberg, U.S . Justice Department, Thomson Locations: U.S, Bengaluru

☆ Militants linked to Islamic State kill 25 in attack on Ugandan school - police
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

June 17 (Reuters) - Militants linked to Islamic State killed 25 people in a terrorist attack on a school in western Uganda near the border with the Democratic Republic of Congo, Ugandan police said on Saturday. "So far 25 bodies have been recovered from the school and transferred to Bwera Hospital. Also recovered are eight victims, who remain in critical condition at Bwera Hospital," Ugandan police said on Twitter. Soldiers were pursuing the attackers who fled towards Virunga National Park in the Democratic Republic of Congo, police added. In April, the ADF attacked a village in eastern Democratic Republic of Congo, killing at least 20 people.

Persons: Jose Joseph, George Obulutsa, William Mallard Organizations: Islamic State, Democratic, Allied Democratic Forces, Islamic, Bwera Hospital, Bwera, Twitter, Police, ADF, Thomson Locations: Uganda, Democratic Republic of Congo, Ugandan, Congo, Islamic State, Mpondwe, Bengaluru, Nairobi

☆ Militants kill 37, abduct six others in attack on Ugandan school
▼ + stars: | 2023-06-17 | by ( Elias Biryabarema | ) www.reuters.com time to read: +3 min

Military personnel found the bodies of the dead when they arrived at the school, defence spokesperson Felix Kulayigye said in a statement. The attackers, from the rebel group Allied Democratic Forces (ADF), fled towards Virunga National Park in Congo, police said. Police said eight other people were in hospital with critical injuries after the attack at the Lhubirira Secondary School in Mpondwe. He said an unidentified youth had gone to the school to check its layout before the attack. In April, the ADF attacked a village in eastern Democratic Republic of Congo, killing at least 20 people.

Persons: Felix Kulayigye, Dick Olum, Olum, Yoweri Museveni, Elias Biryabarema, Jose Joseph, George Obulutsa, Fiston Mahamba, William Mallard, Frances Kerry Organizations: Islamic State Military, Islamic State, Democratic, Military, Twitter, Allied Democratic Forces, Police, Secondary, Privately, NTV Uganda, Vision, New Vision, Mpondwe, Daily Monitor, ADF, Thomson Locations: KAMPALA, Uganda, Democratic Republic of Congo, Congo, Mpondwe, Bengaluru, Nairobi, Fiston, Goma

☆ Magnitude 6 earthquake strikes Tonga region
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: 1 min

June 16 (Reuters) - An earthquake of magnitude 6 struck the Tonga region on Friday, the European Mediterranean Seismological Centre (EMSC) said. The quake was at a depth of 100 km (62 miles), EMSC said. Reporting by Jose Joseph in Bengaluru; Editing by Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

Persons: EMSC, Jose Joseph, Andrew Cawthorne Organizations: Mediterranean Seismological, Thomson Locations: Tonga, Bengaluru

☆ Japan in talks to provide artillery shells to U.S. to help Ukraine -WSJ
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: 1 min

June 15 (Reuters) - Japan is in talks to provide artillery shells to the United States to bolster stocks for Ukraine's counteroffensive against Russia, the Wall Street Journal said on Thursday. The Asian nation is considering supplying 155-mm. artillery shells under a 2016 pact to share ammunition as part of its long-standing security alliance with the United States, the paper added, citing people familiar with the matter. Reporting by Jose Joseph in Bengaluru; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Joseph, Clarence Fernandez Organizations: Wall Street, Thomson Locations: Japan, United States, Russia, Bengaluru

☆ StanChart trimming roles as part of cost cuts - Bloomberg News
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Standard Chartered (STAN.L) is starting to lay off employees across Singapore, London, and Hong Kong hubs as part of an existing plan to cut costs by more than $1 billion through 2024, Bloomberg News reported on Wednesday. The British bank had previously said that it aims savings of $1.3 billion under a cost-efficiency program. "It is part of normal business activity to review our role requirements on an ongoing basis across the bank," a spokesperson for the British lender told Reuters in an emailed statement. Goldman Sachs is expected to reduce just under 250 jobs in the coming weeks, while JPMorgan Chase & Co (JPM.N) is cutting about 500 employees, Reuters reported in May. Reporting by Mrinmay Dey and Jose Joseph in Bengaluru; Editing by Subhranshu Sahu and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Mrinmay Dey, Jose Joseph, Subhranshu Sahu, Dhanya Ann Thoppil Organizations: Bloomberg, Reuters, JPMorgan Chase &, Chartered, Jordan Investment Bank, Thomson Locations: Singapore, London, Hong Kong, Africa, Bengaluru

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