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☆ Intel in talks to be anchor investor in Arm IPO - source
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Intel (INTC.O) is in talks with SoftBank Group Corp's (9984.T) Arm to be an anchor investor in the chip designer's initial public offering (IPO), a source familiar with the matter told Reuters on Monday. Arm plans to sell its shares on Nasdaq later this year, seeking to raise $8-$10 billion, Reuters reported earlier in April. Arm's designs are used to manufacture chips made by most of the world's major semiconductor companies, including Intel, AMD (AMD.O), Nvidia (NVDA.O) and Qualcomm (QCOM.O). The chip designer had filed with regulators confidentially for a U.S. stock market listing in April, setting the stage for this year's largest IPO. Arm and Intel declined a Reuters request for comment.

Persons: Anirban Sen, Yana Gaur, Rashmi Aich, Dhanya Ann Thoppil Organizations: Intel, Reuters, Nasdaq, AMD, Nvidia, Qualcomm, Thomson Locations: U.S, New York, Bengaluru

☆ Bitcoin surges 5.56% to $27,171
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: 1 min

June 6 (Reuters) - Bitcoin rose 5.56% to $27,171 at 19:57 GMT on Tuesday, adding $1,432 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 64.7% from the year's low of $16,496 on January 1. Ether , the coin linked to the Ethereum blockchain network, rose 4.72% to $1,896.1 on Tuesday, adding $85.4 to its previous close. Reporting by Yana Gaur in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Yana Gaur, Krishna Chandra Organizations: Thomson Locations: Bitcoin, Bengaluru

June 5 (Reuters) - UBS Group AG (UBSG.S) is looking to retain more than 100 Credit Suisse Group AG (CSGN.S) investment bankers across Asia as part of a plan to shore up talent in markets where its rival has a stronger presence, a source with direct knowledge of the matter said. Bloomberg said that UBS's retention target of more than 100 bankers did not include China. UBS and Credit Suisse declined to comment on the report. Credit Suisse also declined to say how many investment bankers it currently employs in Asia. Reuters last month reported that hundreds of Credit Suisse employees are resigning each week in a sign of the uncertainty gripping the lender while it is being taken over by its larger rival.

Persons: Sergio Ermotti, Yana Gaur, Jamie Freed, Kirsten Donovan Organizations: UBS Group AG, Credit Suisse Group AG, Suisse's, Reuters, Bloomberg News, Bloomberg, UBS, Credit Suisse, Thomson Locations: Asia, South Korea, Thailand, Vietnam, India, China, Bengaluru

☆ Instagram reinstates Robert F. Kennedy Jr. amid presidential bid launch - WaPo
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

June 4 (Reuters) - Meta Platform's (META.O) Instagram on Sunday lifted its suspension against the account of Robert F. Kennedy Jr., nephew of the late president John F. Kennedy, The Washington Post reported. "As he is now an active candidate for president of the United States, we have restored access to Robert F. Kennedy, Jr.'s Instagram account," Meta spokesperson Andy Stone said in a statement, according to the newspaper. On Thursday, Kennedy in a series of tweets said that Instagram had still not reinstated his account and that "to silence a major political candidate is profoundly undemocratic." loadingIn 2019, Kennedy's relatives, including Kathleen Kennedy Townsend, Joseph P. Kennedy II, and Maeve Kennedy McKean - wrote a Politico op-ed, criticizing his previous statements on vaccines as "misinformation." In September 2021, Alphabet Inc's (GOOGL.O) YouTube also banned channels associated with Robert F. Kennedy Jr. and other prominent anti-vaccine activists Joseph Mercola.

Persons: Instagram, Robert F, Kennedy Jr, John F, Kennedy, Biden, Jr, Andy Stone, Kathleen Kennedy Townsend, Joseph P, Kennedy II, Maeve Kennedy McKean, Joseph Mercola, Meta, Yana Gaur, Aurora Ellis Organizations: Sunday, The Washington Post, Democratic, YouTube, Thomson Locations: COVID, United States, Bengaluru

☆ A Movement to Make Workplaces ‘Menopause Friendly’
▼ + stars: | 2023-05-22 | by ( Sharon Otterman | Yana Paskova | ) www.nytimes.com time to read: +1 min

A new movement to create “menopause-friendly workplaces” is catching on, beginning in Britain, where menopausal women are believed to be the fastest growing work force demographic. More than 50 British organizations, including HSBC UK, Unilever UK, and the soccer club West Ham United, are now are certified as “menopause-friendly” though an accreditation developed by Henpicked: Menopause in the Workplace, a British professional training firm. One recent poll estimated that three in 10 workplaces in Britain now have some kind of menopause policy in place. There is even an awards ceremony, held in London, for the most menopause-friendly companies. New York City Mayor Eric Adams promised earlier this year “to change the stigma around menopause in this city,” and to “create more menopause-friendly workplaces for our city workers through improving policies and our buildings.”

☆ I Always Avoided It, but Now I’m in the Kitchen - The New York Times
▼ + stars: | 2023-05-09 | by ( Yana Pan | ) www.nytimes.com time to read: +1 min

There always seems to be this invisible fence between us, even though I’m an only child, her only daughter. You know how sometimes you remember the wise thing your parents said to you when you were a kid? To me, this meant I’d better have a well-paying career so I wouldn’t end up a housewife like her. In her short film “Semiotics of the Kitchen,” Martha Rosler shifted the traditional language around the kitchen to something violent, frustrating and radical. And because of how I grew up, the kitchen has always been a frustrating space that I refused to enter.

☆ Binance resumes Bitcoin withdrawals after temporary closure
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: 1 min

May 7 (Reuters) - Crypto exchange Binance said that it has resumed Bitcoin withdrawals after a brief closure due to a congestion issue. Binance had paused withdrawal of Bitcoin, the world's largest cryptocurrency, for more than an hour. Binance did not provide any further details on the issue. The world's largest crypto exchange on March suspended deposits and withdrawals on its platform due to technical issues that affected spot trading. Reporting by Yana Gaur in Bengaluru, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Pony.ai gets permit for driverless robotaxi services in China's Guangzhou
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - Robotaxi startup Pony.ai said on Wednesday that it had received a permit to operate fully driverless ride-hailing services in China's Guangzhou city. The Toyota Motor Corp-backed (7203.T) startup, which has operations in China and the U.S., now has permits for fully driverless robotaxis in China's capital Beijing and Guangzhou. Pony.ai started driverless testing in Guangzhou in June 2021 and has accumulated nearly 200,000 fee-charging robotaxi orders globally as of this month, the company said in a statement. Both companies won permits for driverless taxi services in Beijing last month. California-based Pony.ai's next generation robotaxi model has obtained on-road testing licenses in Beijing and Guangzhou, it said, adding that robotaxi services with the model were expected to commence in the near future.

☆ Magnitude 7.1 earthquake strikes Kermadec Islands region - USGS
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: 1 min

April 24 (Reuters) - A magnitude 7.1 earthquake struck the Kermadec Islands region near New Zealand on Monday, the United States Geological Survey (USGS) said. The quake was at a depth of 10 km (6.21 miles). The magnitude was initially reported at 7.3 by USGS but then downgraded to 7.1. The U.S. Pacific Tsunami Warning Center said the tsunami threat from the earthquake in the Kermadec Islands region has now passed. Reporting by Yana Gaur in Bengaluru Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

[1/3] People protest outside the embassy of Brazil in Portugal over Brazil's President Luiz Inacio Lula da Silva's position on Russia-Ukraine war as he arrives in the country for a state visit in Lisbon, Portugal, April 21, 2023. Two Brazilian officials told Reuters on Thursday that Lula - keen to protect Brazil's neutrality - was expected to avoid criticism of the Western role in the Ukraine war during his visit to Portugal. "Brazil and president Lula have a vocation for peace and the president will work to unite other countries to seek an alternative to end this conflict", Macedo told reporters after receiving the letter. On Tuesday, Ukraine invited Lula to visit, a day after Lula had met with Russia's foreign minister in Brasilia. Asked if the president would visit Ukraine, Macedo said Lula's foreign policy adviser, Celso Amorim, would go.

☆ Carlyle eyes fresh backers for McDonald's China arm - Bloomberg News
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Carlyle Group Inc (CG.O) is considering bringing in fresh backers for its investment in McDonald's Corp's (MCD.N) China operations, seeking a valuation of $8-$10 billion for the business, Bloomberg News reported on Friday. Carlyle, which controls McDonald's China along with Trustar Capital, could sell down part of their stakes in the fast-food giant in the deal while still retaining control, the report added, citing people familiar with the matter. In 2017, the U.S fast-food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up to $2.1 billion. Trustar Capital is a private equity affiliate of CITIC Capital Holdings. Carlyle, McDonald's and Trustar did not immediately respond to a Reuters request for comment.

☆ Two killed as tornadoes, storms rip through Oklahoma
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

April 20 (Reuters) - At least two people were killed in McClain County, Oklahoma, as severe thunderstorms and tornadoes swept through several regions of Central U.S. late on Wednesday, local authorities said. The storms resulted in at least two fatalities with crews responding to several people injured and trapped in their homes, McClain County Emergency Management said in a Facebook post, urging residents to stay out of the affected areas. The National Weather Service (NWS) had issued warnings for severe thunderstorms, hail, and tornadoes for Wednesday into the night across parts of the Central U.S. including Oklahoma, Kansas and Iowa. Strong thunderstorms with severe weather potential were forecast for Thursday morning into the afternoon, according to the NWS. Almost 20,000 customers in Oklahoma remained without power as of early Thursday due to the storms, according to the website poweroutage.us.

☆ Opinion: A chilling insight into life for deported Ukrainian children
▼ + stars: | 2023-04-19 | by ( David A. Andelman | ) edition.cnn.com time to read: +14 min

She spoke with writer David A. Andelman about the remarkable mission to bring the Ukrainian children home. Here, Yana picks up the story from the moment the children and their grandmother crossed the border into Russia. The children went to a Russian school. David A. Andelman: Tell us about the school where the children went? They did not do anything to purposely hurt the Ukrainian children.

☆ Carlyle in talks to take stake in Manchester United - Sky News
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File PhotoApril 15 (Reuters) - U.S. buyout firm Carlyle Group Inc (CG.O) is in talks about a "major" investment in Manchester United soccer club as the auction of the Premier League team enters its final stages, Sky News reported on Saturday. Carlyle and Manchester United did not immediately respond to a Reuters request for comment. Sports industry news site Sportico reported earlier this month that Manchester United would accept a third round of bids from prospective buyers at the end of April. The Glazers bought Manchester United in 2005 for 790 million pounds in a highly leveraged deal that has been criticised for loading debt on to the club.

☆ Apple in talks with suppliers to make MacBooks in Thailand - Nikkei
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

April 13 (Reuters) - Apple Inc (AAPL.O) is in talks with suppliers to make MacBooks in Thailand as the company continues to expand its manufacturing footprint outside of China, Nikkei reported on Thursday. Suppliers who are participating in these talks have existing manufacturing complexes in Thailand for other clients and are discussing possible assembly and production of components and modules for MacBooks, sources from three suppliers directly involved in the conversations with Apple told Nikkei. Apple did not immediately respond to a Reuters request for comment. Apple and its key suppliers have been shifting production away from China as they seek to avoid a potential hit to business from mounting Sino-U.S. trade frictions. Reporting by Akriti Sharma and Yana Gaur in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

☆ Deutsche Bank says cutting risks from Russian IT operations
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - Deutsche Bank (DBKGn.DE) is looking for ways to minimise business disruption as it reduces risks from its Russian technology operations in line with the law, Germany's biggest lender said on Wednesday. The comments by a bank spokesperson followed a report in the Financial Times that the bank was winding down its remaining software technology operations in Moscow and St Petersburg as it looks to end its decades-long reliance on Russian IT expertise. "We continue to de-risk our operations in the Russia technology centre," the spokesperson told Reuters in an email. "This process is being conducted in a way that minimises business disruption and is in full compliance with relevant Russian legislation." Deutsche Bank has not yet made the formal decision to completely shutter its Russian IT operations, but the move is considered a done deal internally, the Financial Times added.

☆ Western Digital reports network security incident
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: 1 min

April 3 (Reuters) - Data storage devices maker Western Digital Corp (WDC.O) on Monday said it is looking into a network security incident, after a breach in some systems disrupted parts of its business operations. The unauthorized party obtained certain data from its systems, and Western Digital is working to understand the nature and scope of that data, the company said in a statement. The company said the incident may cause further disruption to its business operations, and is implementing measures to secure the operations, including taking systems and services offline. The company also said it is working with law enforcement authorities, following its own investigation with outside security and forensic experts. Reporting by Yana Gaur in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

☆ Netflix restructures film group as it scales back movie output - Bloomberg News
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

March 30 (Reuters) - Video streaming service Netflix Inc (NFLX.O) is restructuring its film group, which will result in layoffs and the departure of two of its most experienced executives, Bloomberg reported on Thursday. As part of the restructuring, Netflix will combine small and midsize picture productions units, resulting in a few job cuts, and scale back the company's output to ensure high quality titles, the report said. Lisa Nishimura, responsible for documentaries and smaller-budget films, and Ian Bricke, a vice president in the film group, will be leaving after more than a decade with the company, the report added. Netflix did not immediately respond to a Reuters request for comment. Reporting by Yana Gaur in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

☆ Faraday Future starts EV production of FF 91 after months-long delay
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

March 29 (Reuters) - Faraday Future Intelligent Electric Inc (FFIE.O) said on Wednesday it has started production of its much-delayed first luxury electric car, FF 91 Futurist, at its California factory. "This shows that FF has entered a new phase under the governance and operation of the new board and management," founder YT Jia said in a statement. The FF 91 Futurist is expected to be offered in both the U.S. and China markets, with initial 2023 sales to begin in Los Angeles, San Francisco, New York, Shanghai and Beijing, the company said. Deliveries in the U.S. will begin at the end of April 2023, a spokesperson for Faraday Future told Reuters, but did not give details on who the first customers would be. Reporting by Yana Gaur and Jyoti Narayan in Bengaluru; Editing by Sherry Jacob-Phillips and Uttaresh VenkateshwaranOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin falls 4.5% to $26,916
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: 1 min

March 22 (Reuters) - Bitcoin dropped 4.5% to $26,916 at 20:07 GMT on Wednesday, losing $1,276 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 7% from the year's high of $28,936 on March 22. Ether , the coin linked to the ethereum blockchain network, dropped 4.67 % to $1,722.6 on Wednesday, losing $84.3 from its previous close. Reporting by Yana Gaur in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Ferrari reports cyber incident with ransom demand; no impact to operations
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: 1 min

March 20 (Reuters) - Italian luxury sports car maker Ferrari SpA (RACE.MI) said on Monday that a hacker recently demanded ransom from the company related to certain client contact details, adding that the breach had no impact on the company's operations. Ferrari said it notified its customers of the potential data exposure and the nature of the incident. The company said it had started an investigation with a third-party cybersecurity firm and informed relevant authorities. Reporting by Yana Gaur in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin rises 9.2% to $27,359
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: 1 min

March 17 (Reuters) - Bitcoin surged 9.2% to $27,359 at 2207 GMT on Friday, adding $2,309 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 65.9% from the year's low of $16,496 on Jan. 1. Ether , the coin linked to the ethereum blockchain network, rose 5.5% to $1,768.5 on Friday, adding $91.6 to its previous close. Reporting by Yana Gaur in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Fed to consider tougher rules for midsize banks after SVB collapse-source
▼ + stars: | 2023-03-15 | by ( Pete Schroeder | ) www.reuters.com time to read: +2 min

March 14 (Reuters) - The Federal Reserve is considering tougher rules and oversight for midsize banks similar in size to Silicon Valley Bank (SIVB.O), which collapsed suddenly last week, according to a source familiar with the matter. Now, a review of the $209 billion bank's failure being conducted by Fed Vice Chair for Supervision Michael Barr could lead to strengthened rules on banks in the $100 billion to $250 billion range, the source told Reuters. That review of Fed supervision and regulation of the bank will be released by May 1, and augments a review of bank capital rules by Barr already underway. All those requirements could be reworked by the Fed in the aftermath of the collapse, which has also spurred fresh calls from proponents of tougher rules for regulators to rebuild those restrictions. On Tuesday, 50 Democratic lawmakers, including Senator Elizabeth Warren, introduced a bill to repeal the law that eased rules for banks in 2018.

☆ Fed to consider tougher rules for midsize banks after SVB, Signature failures -WSJ
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

March 14 (Reuters) - U.S. Federal Reserve is reconsidering its regulations regarding midsize banks which could potentially mean expansion of existing restrictions that currently only affect larger Wall Street firms, the Wall Street Journal reported on Tuesday. Regulators were forced to announce relief measures on Sunday, reassuring customers that all the deposits from both the banks would be covered. The Fed also announced a new facility to give banks access to emergency funds, in a bid to calm broader fears in the market. According to the newspaper, the revised rules could target firms with between $100 billion to $250 billion in assets. The Federal Reserve did not immediately respond to Reuters request for comment.

☆ Two dead, nine injured after being struck by van in Canada's Quebec
▼ + stars: | 2023-03-13 | by ( Nia Williams | ) www.reuters.com time to read: +1 min

March 13 (Reuters) - Two people were killed and nine injured after being struck by a van on Monday in the Canadian town of Amqui, Quebec, provincial police said. Police spokeswoman Hélène St-Pierre said the circumstances of the collision were still being investigated and the driver of the van, a 38-year-old man, was under arrest. A man in his 70s and another man in his 60s were killed, St-Pierre said. Canadian Prime Minister Justin Trudeau said on Twitter that his heart was with the people of Amqui. "As we learn more about the tragic events that have taken place, I'm keeping everyone affected in my thoughts," he said.

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