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☆ DeSantis may have overreached when he went to war with Disney, and Trump smells blood in the water
▼ + stars: | 2023-04-21 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Florida Gov. "DeSanctus is being absolutely destroyed by Disney," Trump wrote earlier this week. "DeSanctus is being absolutely destroyed by Disney," Trump crowed on his social media platform Truth earlier this week. The Florida governor wanted to burnish his national image by torching Disney. And by gobbling up intellectual property and broadcasting rights, Disney continues to be virtually inescapable.

☆ Indian court seeks govt response on comedian's challenge to IT rule changes
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, April 11 (Reuters) - An Indian court on Tuesday directed the government to respond to an appeal submitted by a comedian challenging recent changes to the country's IT rules, which prevent social media platforms from hosting information that the government terms "fake". The rules dictate that social media platforms "make reasonable efforts" to not "publish, share or host" any information relating to the government that is identified as "fake, false or misleading" by a government appointed fact-checking unit. The Bombay High Court, hearing a petition filed by comedian Kunal Kamra, asked the government to file a reply on the plea and scheduled the next hearing for April 21. In his petition, Kamra said that the amendments "constitute unreasonable restrictions to freedom of speech and expression". Prime Minister Narendra Modi's government has been in repeated tussles with various social media platforms when they failed to take down certain content or accounts that it accused of spreading misinformation.

[1/2] Indian Prime Minister Narendra Modi speaks during the G20 leaders summit in Nusa Dua, Bali, Indonesia, Tuesday, Nov. 15, 2022. The amendments to the country's IT rules make it obligatory on platforms "not to publish, share or host fake, false or misleading information" about the government. The Guild again urges the ministry to withdraw this notification and conduct consultations with media organisations and press bodies." Digital rights organisation Internet Freedom Foundation (IFF) said undefined terms such as "fake", "false" and "misleading" in the amendment make them susceptible to misuse by authorities. Reporting by Sudipto Ganguly and Shivam Patel Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Cineworld gets no offer for whole company, warns on shareholders' equity
▼ + stars: | 2023-02-24 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

It said it had received initial proposals from a number of counterparties but none offered an all-cash bid for the entire company. Cineworld said talks with certain stakeholders about a possible plan of reorganisation were ongoing in parallel with a potential sale of assets, but neither path would see shareholders recover their equity interest. Cineworld had a net debt of $8.81 billion as of June 30, 2022, including lease liabilities, while its cash reserves had dwindled to $131 million. Larger rival AMC Entertainment Holdings (AMC.N) in December had said its talks to buy some theatres owned by Cineworld had fallen through. Sky News reported earlier this month that London-based cinema operator Vue International, with support from two funds, would be among the bidders for Cineworld.

☆ Nestlé says food prices will rise further this year
▼ + stars: | 2023-02-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

Food, including ice cream, will see significant price increases in 2023, CEO Alan Jope said on the same call. Unilever said price increases caused sales volumes to decline by 2.1% in 2022. Heineken, meanwhile, said it expected to sell less beer in Europe this year because of “steep” price increases related to energy costs. At the time, Tesco (TSCDF) described the company’s price increases as “unjustifiable.” Once the products were restored, prices were unchanged on Heinz’s most popular lines. Gabby Jones/Bloomberg/Getty ImagesTesco has also “fallen out with other suppliers” over price increases, its chairman John Allen recently told the BBC.

"Because the consumer is now under more pressure, and Walmart is under pressure, that sets up a dynamic where there's probably not a lot of pricing going forward." The clout Walmart holds over suppliers also means that Walmart would likely get the lowest percentage of any price hikes manufacturers implement, according to investors who track the company. In 2018, Walmart pulled Campbell Soup Co's (CPB.N) products during the key winter season over a dispute over prices and shelf space promotion. At the time, Tesco labeled Heinz's price hikes as "unjustifiable." After raising prices four times in 2022, he said, Clorox doesn't "have any additional plans" to hike prices this year.

☆ DeSantis echoes Trump in latest offense against the media after taunting the former president during live TV roundtable
▼ + stars: | 2023-02-07 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +9 min

Ron DeSantis won't be the Republican to give the party's response to President Joe Biden's forthcoming State of the Union Address. The broadcast echoed the media ire former President Donald Trump frequently has on display. "To assassinate someone's character with anonymous sources would have been a total no-no," DeSantis said of past media practice. Like Trump, DeSantis often bemoans his media coverage and excoriates what he calls the "corporate press." Despite raising his tussles with the press, DeSantis insisted non-politicians would be the focus of new libel laws.

☆ Meet Jesse Cohn, the hedge fund wunderkind building a campaign on Salesforce
▼ + stars: | 2023-01-23 | by ( Casey Sullivan | Bradley Saacks | ) www.businessinsider.com time to read: +10 min

One of the key players behind the campaign is 42-year-old Jesse Cohn, Paul Singer's right-hand man. Hedge fund Elliott Management has taken a multi-billion dollar stake in Salesforce, as the tech company deals with layoffs and a management shake-up. And Cohn, one of Elliott's chief agitators, has emerged as quarterback, announcing his respect for co-CEO Marc Benioff in a statement. "He said, 'Hey, let me talk to you,'" Knowles told BI in 2019. He had the files laid out on a conference-room table when the board met with Cohn in Elliott's New York office.

GM and the factory workers - who allege illegal termination after the company decided to exit - have been locked in legal battles since 2021. The latest filing signals an escalation in the dispute as workers accuse GM's India unit and its executives, including CEO Mary Barra, of failing to follow court orders. In its earlier court filings, it has said the industrial court acted beyond its power in ordering the compensation. The union disagreed, and said GM continues to "blatantly violate" the industrial court's order by not paying the workers a single cent. After that, GM ceased all operations and moved to close the plant in Maharashtra, but it has not received permission.

☆ India considers banning news identified as 'fake' by govt on social media
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Jan 18 (Reuters) - India's government will not permit social media platforms to host any information that it identifies as false, according to a draft proposal of the country's IT rules released this week. Any information identified as "fake or false" by the Press Information Bureau (PIB), or by any other agency authorised for fact-checking by the government or "by its department in which such business is transacted", would be prohibited under the draft. Once information was identified as such, social media platforms or other "online intermediaries" would have to "make reasonable efforts" to ensure users do not "host, display, upload, modify, publish, transmit, store, update or share" such information, it added. In October, the government announced a panel would be set up to hear complaints from users regarding content moderation decisions of social media firms, which are already required to appoint in-house grievance redressal officers and executives to co-ordinate with law enforcement officials. Reporting by Sakshi Dayal; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ I used mind games to make a 'pay pig' send me cash, but I ended up feeling sorry for him and gave it back.
▼ + stars: | 2023-01-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

I moonlighted as a financial dominatrix on Twitter to see if I could make money from a "pay pig." A pay pig is told by a findomme to send them cash in return for nothing other than the humiliation of doing so. Sensing the opportunity, I replied: "Is this a pathetic attempt to be my pay pig?" He said what he liked most about being a pay pig was how easily a findomme could take his money. But I'll admit, I did feel a little sorry for my pay pig.

☆ Former Argentina policeman gets 15 years in jail for Dirty War-era crimes
▼ + stars: | 2022-12-22 | by ( Maximilian Heath | ) www.reuters.com time to read: +2 min

Mario Sandoval is one of many former officers who have been sentenced for crimes against humanity committed during the 1976-1983 dictatorship's brutal crackdown against suspected leftists and political dissidents. He was sentenced for the disappearance of university student Hernan Abriata, who was kidnapped from his home in 1976. "This ruling is fundamental because it shows the importance of continuing to seek justice everywhere," Horacio Pietragalla Corti, Argentina's human rights secretary, told Telam. After the fall of the dictatorship Sandoval moved to France where he obtained citizenship in 1997. Reporting by Maximilian Heath; Writing by Sarah Morland; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ China sees protests against COVID curbs
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +10 min

CHINA PROTESTS Fire deaths fuel COVID lockdown fury How the protests gained momentumProtests have flared in several cities in mainland China in recent days, in a wave of civil disobedience unprecedented since President Xi Jinping assumed power a decade ago. Protests reported across China Protest mapAlthough the demonstrations in recent days are thousands of miles apart, they share elements in common. Video shows crowds topple police barricades in the street to protest against COVID curbs in China’s Guangzhou Crowds topple police barricades in the street to protest against COVID curbs in Guangzhou, China. Nov. 25 – Urumqi protests Crowds took to the streets at night in Urumqi, chanting "End the lockdown!" Video shows people in China’s Xinjiang protesting against COVID lockdown measures in China Protests against COVID lockdown measures in China's XinjiangIn the capital, Beijing, some 2,700 km (1,678 miles) to the east, some residents under lockdown staged small-scale protests or confronted local officials over movement restrictions.

Tony Evers faces off against Republican Tim Michels in Wisconsin's governor race. Evers has tried to pin Michels down on abortion after the state's ban went into effect. Senate Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. WI-03 House Governor Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tony Evers faces off against Trump-backed Republican Tim Michels in Wisconsin's governor race.

☆ Democratic Gov. Tony Evers faces off against Trump-backed Republican Tim Michels in Wisconsin's gubernatorial race
▼ + stars: | 2022-10-31 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Tony Evers faces off against Republican Tim Michels in Wisconsin's governor race. Evers has tried to pin Michels down on abortion after the state's ban went into effect. Tony Evers faces off against Trump-backed Republican Tim Michels in Wisconsin's governor race. Wisconsin's gubernatorial candidatesEvers notched a shocking upset in 2018 when he ousted Republican Gov. Michels initially expressed support for Wisconsin's abortion ban, first enacted in 1849, that bans abortions in almost every instance.

☆ I moonlighted as a Twitter 'findomme' for a night. It was fun toying with a 'pay pig' and making him send me cash, but I ended up feeling sorry for him.
▼ + stars: | 2022-10-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

The customs authority says Pernod did so to evade full payment of import taxes. Pernod has been "a habitual litigant and always attempts to abuse the due process of law," the filing added, referring to some previous tax demands Pernod challenged in India. It declined further comment due to ongoing litigation and because the filing by the customs authority wasn't public. To compensate for the undervalued imports, Pernod paid "hefty" dividends to the group's holding company, Pernod Ricard in France, which also owns Chivas Brothers, the investigation found. Last week, Pernod said its India CEO, Thibault Cuny, had stepped down due to health reasons.

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