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☆ Andy Reid, the All-Time-Great Chiefs Coach, Makes Football Fun
▼ + stars: | 2024-01-11 | by ( Michael Sokolove | ) www.nytimes.com time to read: +1 min

He was defibrillated back to life, and an ambulance sped him from the middle of the field to a hospital. Whether Reid intended it or not, his crazy-looking play seemed to be a message: Football is still fun! He comes into every game with a dozen or more new plays the opposing team has not seen. game, the offense is asking questions before the ball gets snapped, and the defense has to come up with answers. What Andy does is put the defense in a position where they think they know the answer.

Persons: Damar Hamlin, Reid, Mahomes, “ Patrick, Tom Melvin, Let’s, he’s, Robert Smith, Andy, ” Organizations: Buffalo Bills, Chiefs, Super, Fox Sports

HONG KONG, Dec 5 (Reuters Breakingviews) - Why would the world’s largest battery maker want to sell shares when it’s already flush with liquidity? It ended June with 102 billion yuan ($14 billion) in net cash, Moody’s calculates. CATL has just started production at a new facility in Germany and is building a plant in Hungary, its first forays West. The company’s long-term loans have increased more than tenfold to more than 70 billion yuan and its long-term bonds by around a third to nearly 20 billion yuan since 2020, per Visible Alpha. But as Zeng’s electric dreams accelerate, he’ll want to be sure CATL’s own batteries are fully charged.

Persons: it’s, CATL, Robin Zeng, Breakingviews, Tesla, Antony Currie, Thomas Shum Organizations: Reuters, Hong, Thailand’s, Ford Motor, Technology, Thomson Locations: HONG KONG, Switzerland, CATL, Hong Kong, Shenzhen, China, Europe, Germany, Hungary, Fitch, Indonesia, Swiss

☆ Geely’s stalled IPO discounts global expansion
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 1 (Reuters Breakingviews) - Electric-car marque Zeekr, controlled by China’s largest private auto group Zhejiang Geely, has hit a roadblock. It is putting on hold its New York initial public offering because of a mismatch in valuation expectations, Reuters reported on Thursday. It was hoped the listing would break the ice and encourage a resurgence in Chinese volumes in U.S. capital markets. Its prospectus was published in November, when global stocks recorded their best performance since 2020. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Xi Jinping, Joe Biden, Katrina Hamlin, Julius Baer’s, Una Galani, Thomas Shum Organizations: Reuters, Zhejiang, American, Tata Technologies, X, Barclays, Thomson Locations: HONG KONG, York, Mumbai, Europe, United States, China

☆ Slowing China still leads the race for commodities
▼ + stars: | 2023-11-28 | by ( Yawen Chen | ) www.reuters.com time to read: +7 min

"When it comes to copper, the thinking usually goes that copper equals property, property equals China," said one commodities trader. "And because China property is down, copper must be down too." That’s why China's copper demand will still rise by 4 million tonnes from the 2020 level to around 18 million tonnes per year in 2030, according to estimates by commodity trading group Trafigura. And China's copper demand has grown by 8% this year, faster than the 5% Xi is targeting for overall GDP growth. China's annual aluminium demand rose by 18 million tonnes from 2010 to 2020 and is forecast to grow by another 13 million tonnes to over 50 million tonnes a year in 2030, per Trafigura.

Persons: Xi Jinping, Communist Party’s, Wood Mackenzie, Francesco Guerrera, Katrina Hamlin, Thomas Shum Organizations: Reuters, HK, Communist, Shanghai Futures Exchange, London Metal Exchange, ING, International Monetary Fund, IMF, World Bank, Reuters Graphics Reuters, Oxford, HSBC, Democratic, Thomson Locations: SINGAPORE, China, Washington, Moscow, Taiwan, Shanghai, Republic, United States, Australia, Beijing, Chile, Indonesia, Democratic Republic of Congo

☆ Warren Buffett pays for Indian payments punt
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsMUMBAI, Nov 27 (Reuters Breakingviews) - Berkshire Hathaway’s (BRKa.N) foray into the digital payments industry in India did not go well. Warren Buffett’s investment firm on Friday sold its remaining shares in $7 billion Paytm, some five years after making its initial investment, locking in a more than 20% loss, per Breakingviews calculations. But Berkshire only invested $260 million, barely a blip next to its $700 billion-odd of assets at the time. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Warren Buffett, Rick Wilking, Warren, –, Vijay Shekhar Sharma’s, it’s, Antony Currie, Katrina Hamlin Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Rights, Reuters, Berkshire, X, Thomson Locations: Omaha , Nebraska, Rights MUMBAI, Berkshire, India, Una, China, Rome

☆ Gen Z-ers and Millennials React to ‘L.A. Law’
▼ + stars: | 2023-11-23 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

Until the streaming relaunch, the show was hard to find, existing in DVDs at junk shops and in the depths of Amazon Prime Video. In recent days the Styles journalists Melissa Guerrero, Sadiba Hasan, Callie Holtermann and Louis Lucero — all members of the Millennial or Gen Z generations who had never seen “L.A. Law” — watched the first three episodes on Hulu. They shared their observations with the editors Minju Pak and Jim Windolf, who were fans of the show in its heyday. It was the subject of workplace conversation and countless think pieces, and it won 15 Emmys before the final gavel in 1994.

Persons: “ L.A, ”, Seinfeld, Melissa Guerrero, Sadiba Hasan, Callie Holtermann, Louis Lucero —, ” —, Pak, Jim Windolf, Steven Bochco, Terry Louise Fisher, Harry Hamlin, Michael Kuzak, Corbin Bernsen, Arnie Becker, Jill Eikenberry, Ann Kelsey, Jimmy Smits, Victor Sifuentes, Susan Dey, Grace Van Owen, L.A, Law ” Organizations: NBC, Hulu, Amazon Prime

☆ Panasonic’s auto deal deserves a speedy sequel
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toru Hanai/File Photo Acquire Licensing RightsHONG KONG, Nov 22 (Reuters Breakingviews) - Panasonic’s (6752.T)decision to sell part of its automotive unit suggests CEO Yuki Kusumi’s plans are taking a promising turn. The business, which pioneers technology like infotainment systems for the next generation of internet-connected cars, is a growing but capital-intensive opportunity. Selling a stake to Apollo Global Management (APO.N), with the possibility of a listing later, could help fund faster development without denting Panasonic’s balance sheet or returns. This was an obvious target for Kusumi, who previously led the auto unit. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Toru Hanai, Yuki Kusumi’s, Panasonic’s, it’s, Katrina Hamlin, Francesco Guerrera, Thomas Shum Organizations: Panasonic Corp, Advanced Technologies, Makuhari, REUTERS, Reuters, Apollo Global Management, Sony, Hitachi, Panasonic, X, Walmart, Thomson Locations: JAPAN, Chiba, Japan, HONG KONG, Asia, Rome

At least Zeekr benefits from having a powerful parent, Geely Automobile, which is part of China’s largest privately owned auto group Zhejiang Geely. But Geely Automobile, which will maintain control of the business after the IPO, has a market capitalisation of only $12.3 billion. The company, owned by Chinese automaker Geely Automobile, hopes to use funds raised to expand its product line. The company reported a net loss of 3.9 billion yuan ($534 million) for the six months to the end of June 2023, compared with a 3.1 billion yuan loss a year earlier. Revenue grew by 136% to 21 billion yuan, with 13.2 billion yuan of that total coming from vehicle sales.

Persons: Zeekr, Xi Jinping, Joe Biden, Antony Currie, Thomas Shum Organizations: Reuters, U.S, Geely Automobile, HK, Graphics, European Union, Zhejiang, Investors, Revenue, Thomson Locations: HONG KONG, New York, Beijing, Washington, Brussels, China, U.S, Europe, China’s, Hong Kong

☆ Helmets Off, Mics Up: N.F.L. Players Discover the Power of Podcasts
▼ + stars: | 2023-11-20 | by ( Emmanuel Morgan | More About Emmanuel Morgan | ) www.nytimes.com time to read: +2 min

The phenomenon of active athletes hosting podcasts largely started in the N.B.A., where players can command more attention because there are smaller rosters and more frequent games. Early entries included JJ Redick’s “The Vertical” in 2016 and Richard Jefferson and Channing Frye’s “Road Trippin’” in 2017. Podcasting is particularly attractive to players who are still generating N.F.L. Hill said he started his podcast, “It Needed to Be Said,” partly to prepare for a potential broadcasting career. Brands such as Bleacher Report, which works with Parsons and Miller, have increasingly signed up athletes.

Persons: JJ Redick’s, Richard Jefferson, Channing Frye’s, Taylor Lewan, “, ”, Will Compton, Hill, Said, Pat McAfee, Miller, Josh Pyatt, LeBron James, Peyton Manning, ” Miller, Damar Hamlin Organizations: Tennessee Titans, Boys, Indianapolis Colts, ESPN, Brands, Parsons, WME Sports

☆ Buffalo Bills rue ‘inexcusable’ mistake which led to last-gasp 24-22 defeat to Denver Broncos
▼ + stars: | 2023-11-14 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —The Denver Broncos earned a dramatic 24-22 victory over the error-prone Buffalo Bills on Monday, after Wil Lutz converted a last-minute, retaken field goal. At the end of the day, we didn’t execute it, so it’s inexcusable,” the visibly frustrated Buffalo Bills coach, Sean McDermott, told reporters after the game. Wil Lutz of the Denver Broncos kicks the game-winning field goal against the Buffalo Bills at Highmark Stadium on November 13. While the night may be remembered for the Bills’ error-strewn display, Courtland Sutton’s remarkable second quarter touchdown for Denver will also live long in the memory. Buffalo Bills safety Damar Hamlin makes a tackle in the fourth quarter of the game.

Persons: Wil Lutz, Lutz, “, Sean McDermott, Timothy T Ludwig, Josh Allen, –, ” Allen, Taron Johnson, Courtland Sutton’s, Russell Wilson, Sutton, ”, ” Hamlin, Damar Hamlin, Hamlin, Adam Trautman, Andy Cross, commotio cordis Organizations: CNN, The Denver Broncos, Buffalo Bills, Bills, AFC, Denver Broncos, Highmark, Getty, NFL, Buffalo, The Broncos, Denver, ESPN, MediaNews, Denver Post, Cincinnati Bengals Locations: Denver, Cincinnati

CINCINNATI (AP) — The Cincinnati Bengals showed a national TV audience on Sunday night they are still serious AFC playoff contenders. The latest was a 24-18 victory over the Buffalo Bills in a rematch of a divisional playoff game from last season. Joe Burrow threw for a season-high 348 yards and two touchdowns, and Cincinnati's defense forced two turnovers and held off the Bills. The subsequent Bengals drive ate up 5:20 and a 20-yard field goal by Evan McPherson extended Cincinnati's lead to 24-10. Aided by a roughing the passer call on the Bills' Tim Settle, Burrow put together another extended drive.

Persons: “, ”, Tee Higgins, Joe Burrow, ” Burrow, “ We've, Burrow, Irv Smith Jr, Drew, Josh Allen, Cam Taylor, Britt, Allen, Nick Scott upended, Dalton Kincaid, Evan McPherson, Stefon Diggs, Sean McDermott, ” Allen, Diggs, Smith, Tim Settle, Joe Mixon, Zac Taylor, We've, Damar Hamlin, Hamlin, LB Terrel Bernard, ___ Organizations: CINCINNATI, Cincinnati Bengals, AFC, Bengals, Buffalo Bills, Cincinnati, Bills, Cleveland, Ravens, AFC North, Steelers, Browns, Buffalo, ” Bengals, Paycor, LB, Denver Broncos, Houston Texans, ___ AP Locations: Cincinnati, Pittsburgh, Nick Scott upended Buffalo, Buffalo's

ORCHARD PARK, N.Y. (AP) — Buffalo Bills safety Damar Hamlin is honoring the medical team that helped save his life by launching a scholarship program for Cincinnati youths on Sunday. The announcement coincides with the Bills’ first return to Cincinnati to play the Bengals on Sunday night. Hamlin and the Bills arrived in town a day earlier, when the player personally unveiled the scholarship program during a dinner with the 10 life-savers. “I’m humbled by the opportunity to set up a scholarship program to honor this team of professionals — my Cincinnati heroes — who helped save my life,” Hamlin said in a released statement. He eventually went on to play for the University of Pittsburgh and was drafted by the Bills in 2021.

Persons: Damar Hamlin, M’s, Hamlin, “ I’m, —, ” Hamlin, I’m, I’ve, ___ Organizations: — Buffalo Bills, Cincinnati, Bills, Bengals, Pittsburgh, Central Catholic High School, University of Pittsburgh Locations: ORCHARD, Cincinnati

☆ Kansas City Chiefs take on Miami Dolphins in Germany blockbuster
▼ + stars: | 2023-11-05 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +6 min

CNN —Week 9 of the NFL season kicked off on Thursday with the Pittsburgh Steelers’ victory over the Tennessee Titans. Miami Dolphins @ Kansas City Chiefs, 9:30 a.m. ETThe NFL’s International Series continues this weekend when the Miami Dolphins take on the Kansas City Chiefs in Frankfurt, Germany. ScheduleSundayMiami Dolphins @ Kansas City Chiefs, 9:30 a.m. Australia: NFL+, ESPN, 7PlusBrazil: NFL+, ESPNCanada: NFL+, CTV, TSN, RDSGermany: NFL+, ProSieben MAXX, DAZNMexico: NFL+, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL+, Sky Sports, ITV, Channel 5US: NFL+, CBS, NBC, FOX, ESPN, Amazon Prime

Persons: Patrick Mahomes, Mahomes, “, ” Mahomes, Tua Tagovailoa, Mike McDaniel, ” McDaniel, …, ”, Mike Carlson, Josh Allen, Joe Burrow, Allen, Burrow, Damar Hamlin, Hamlin, ProSieben MAXX Organizations: CNN, NFL, Pittsburgh Steelers, Tennessee Titans, Miami Dolphins, Kansas City Chiefs, Super Bowl, Dallas Cowboys, Philadelphia Eagles, AFC, Indianapolis Colts, New England Patriots, Chiefs, Star, Dolphins, ” Dallas Cowboys, Philadelphia, NFC, Super, Cowboys, Eagles, NFC East, Dallas, Bills, 49ers, Buffalo Bills, Cincinnati Bengals, Bengals, Night Football, Buccaneers, AFC North, Paycor, Sunday Miami Dolphins, Minnesota Vikings, Atlanta Falcons, Seattle Seahawks, Baltimore Ravens, Arizona Cardinals, Cleveland Browns, Los Angeles Rams, Green Bay Packers, Tampa Bay Buccaneers, Houston Texans, Washington, Chicago Bears, New Orleans Saints, Carolina Panthers, New York Giants, Las Vegas Raiders, Los Angeles Chargers, New York Jets, ESPN, 7Plus, ESPN Canada, CTV, TSN, RDS, DAZN, Fox Sports, Sky Sports UK, Sky Sports, ITV, Channel, CBS, NBC, FOX, Amazon Locations: Germany, Frankfurt, Miami, Buffalo, Australia, 7Plus Brazil, RDS Germany, DAZN Mexico

The drivers have acknowledged Sunday's showdown at Phoenix Raceway lacks the hype of years past, but NASCAR pushed back as the weekend arrived. “We have a playoff system that I believe is the toughest in sports,” NASCAR President Steve Phelps said. With that will come personality. With that will come some storytelling.”He acknowledged NASCAR could do more for its young stars and said industry leaders are actively discussing increased engagement and storytelling. “I think we have a big opportunity as a sport because we have a crop of young drivers for fans to come in and embrace,” he said.

Persons: Kyle Larson, Christopher Bell, Ryan Blaney, William Byron —, Larson, Bell, Byron, Blaney's, Steve Phelps, ” Phelps, We’ve, Blaney unprompted, Dale Earnhardt Jr, Chase Elliott, Joey Logano, Kevin Harvick, Kyle Busch, Ross Chastain, Bubba Wallace, Martin Truex Jr, Denny Hamlin, Blaney, Steve O'Donnell, ” O'Donnell, “ We’re, ”, “ We’ve Organizations: NASCAR, Phoenix, “, Los Angeles Memorial Coliseum, Netflix Locations: AVONDALE, Ariz, We’re, North America

AVONDALE, Ariz. (AP) — The oddsmakers named Kyle Larson the favorite to win the NASCAR championship, but half the field believe the person with the best chance to celebrate Sunday will be a spectator at Phoenix Raceway. “I told Erin, ‘You’ve have the best percentage to be happy after the race, a 50% shot to be happy,” Blaney said Thursday at Phoenix Raceway. Larson and Christopher Bell, longtime rivals in dirt track racing, have settled any past beefs and Byron and Blaney are already referring to each other as family. He was the final driver to qualify last Sunday at Martinsville Speedway, then had to scramble to book his trip out West in time for NASCAR championship obligations. But I just need to win and bring a championship back.”___AP auto racing: https://apnews.com/hub/auto-racing

Persons: Kyle Larson, Erin Blaney, It's, Ryan Blaney, William Byron, Blaney, ”, “, Erin, ‘ You’ve, ” Blaney, William, he's, Larson, Christopher Bell, Byron, Bell, Kyle, Chris, it's, NASCAR Hall of Famer Dale Earnhardt Jr, They're, ” Earnhardt, ” Byron, Dale Jarrett, He's, Jeff Gordon, ” LARSON, “ Cooper, Katelyn, ” BLANEY, PRIDE Blaney, Dave, Dale, Lou, Joe Gibbs Racing, Martin Truex Jr, Denny Hamlin, ” Bell Organizations: NASCAR, Phoenix Raceway, NBC, NASCAR Hall of Famer, WILLIE, Martinsville Speedway, American Airlines, PRIDE, Outlaws Locations: AVONDALE, Ariz, Phoenix, North Carolina, Charlotte, Ohio

Cincinnati might be where Hamlin nearly died after going into cardiac arrest before being resuscitated on the field on Jan. 2. “I’m super thrilled. I’m super excited. It’s unlikely Hamlin — who missed practice Wednesday due to an illness — will suit up Sunday. I mean, we experienced it, but as long as he’s good, I’m good.”Safety Micah Hyde said Hamlin has motivated the entire team.

Persons: Damar Hamlin, Hamlin, —, “, ” Hamlin, “ I’m, ”, “ That’s, Hamlin —, He’s, Dane Jackson, Micah Hyde, ” Hyde, Buffalo’s, Hamlin’s, commotio, I’m, Abbott, trepidation, he’s, haven’t, I’ve, Josh Allen, Allen, Rasul Douglas, Brandon Beane, Kaiir Elam, ___ Organizations: Buffalo Bills, Bengals, Associated Press, Bills, Cincinnati, Pittsburgh, Tampa Bay Locations: ORCHARD, Cincinnati, Pittsburgh, Buffalo, Green

☆ BYD’s Halloween bonanza spooks rivals
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

A BYD U8 is displayed during the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan October 25, 2023. REUTERS/Issei Kato Acquire Licensing RightsHONG KONG, Oct 31 (Reuters Breakingviews) - BYD (002594.SZ), (1211.HK) is delivering a fright to its rivals. The company founded by Wang Chuanfu is expanding its portfolio of premium brands, adding new models for its flashy Denza marque. For rivals trying to compete with the $95 billion group, though, that’s scant consolation. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Issei Kato, It’s, Wang Chuanfu, Bernstein, that’s, Katrina Hamlin, Peter Thal Larsen, Thomas Shum Organizations: Japan, REUTERS, Reuters, Overseas, Investors, BYD’s, X, Vodafone, Thomson Locations: Tokyo, Japan, HONG KONG, HK, China, People’s Republic, BYD’s Shenzhen, Hong Kong, Spain

CHARLOTTE, N.C. (AP) — Rick Hendrick first met William Byron as a local Charlotte teenager, fan of Hendrick Motorsports and budding NASCAR driver. It's paid off as Byron heads to Phoenix Raceway this week with a shot at winning his first Cup title. William has always been pretty calculating, and he doesn’t drive over his head and he’s won races this year by making some aggressive moves. Should Byron win the title on Sunday, he'd be the first North Carolina-born and raised Cup champion since Dale Jarrett in 1999. 24 Chevrolet since Jeff Gordon's fourth title in 2001.

Persons: CHARLOTTE, — Rick Hendrick, William Byron, Hendrick, Hendrick snagged Byron, It's, Byron, Denny Hamlin, David Pearson, Chase Elliott, Kyle Larson, Alex Bowman, it’s, William, he’s, “, he'd, Dale Jarrett, Ryan Blaney, Jonathan Hassler, Blaney, Joey Logano, He's, Joe Gibbs, Christopher Bell, Adam Stevens, Bell, Cliff Daniels, Larson, William Byron BORN, Rudy Fugle, Jeff Gordon's Organizations: Hendrick Motorsports, NASCAR, Toyota, Phoenix, Martinsville, Hall of Famer, Hendrick, Ford, Team Penske, , North Carolina, PHOENIX, Homestead, Miami Speedway, Won, Darlington, Las Vegas, North Carolina Locations: N.C, North Carolina, , North, Norman, Oklahoma, Elk Grove , California, Vegas, Charlotte, North

There was Chase Elliott, one of his best friends, who won the 2020 Cup title and is NASCAR’s five-time reigning most popular driver. And what of William Byron, who only needed half the time to pass Blaney in career wins? Then he scored his second win of the season in the round of 12 of the playoffs at Talladega Superspeedway to earn an automatic berth into the round of eight. I think that’s the biggest thing that’s helped me out this year,” Blaney said. Rushbrook loves Blaney's chances come Sunday to give Ford a second consecutive Cup title.

Persons: CHARLOTTE, — Ryan Blaney, he'd, Chase Elliott, Bubba Wallace, Blaney, Michael Jordan, William Byron, “ There’s, ” Blaney, haven’t, Kyle, Larson, Chase, “, ’, Byron, Christopher Bell, Joey Logano, — Blaney, that’s, He's, Hendrick, Joe Gibbs, Denny Hamlin, Ford, Mark Rushbrook, —, Rushbrook, Logano, ” Rushbrook, Ryan Blaney, he's, ” Organizations: Sunday, Martinsville Speedway, Phoenix Raceway, Charlotte Motor, Talladega Superspeedway, Team Penske, Talladega, NASCAR, Homestead, Miami Speedway, Martinsville, Toyota, Ford Performance Motorsports, Phoenix, Penske Locations: N.C, Martinsville, Virginia

ORCHARD PARK, N.Y. (AP) — Josh Allen threw two touchdown passes and ran for another — shrugging off aggravating an injury to his throwing shoulder — and the Buffalo Bills hung on to beat the Tampa Bay Buccaneers 24-18 on Thursday night. After a week of questions about his “low-energy” approach and Buffalo's slow-starting offense, Allen came through for the Bills (5-3), throwing for 324 yards on 31-of-40 passing. Buffalo’s defense limited the Buccaneers' Baker Mayfield-led attack to less than 200 yards of offense through three quarters and 302 overall. But it took Tampa Bay 17 plays and 7:21 to march 92 yards for that score. Allen took advantage, topping 300 yards for the 23rd time in his career.

Persons: — Josh Allen, Allen, Gabriel Davis, Dalton Kincaid, Baker Mayfield, Sam Martin, Mayfield, Mike Evans, Cade Otton, Mary, Chris Godwin, White, Vita Vea, Logan, Steve Young, Hall, Hall of Famer Dan Marino, Antoine Winfield Jr, William Gholston, Godwin, Kincaid, Damar Hamlin, Hamlin, ___ Organizations: Buffalo Bills, Tampa Bay Buccaneers, Bills, Buccaneers, Tampa Bay’s, Tampa, Tampa Bay, Buffalo, Bucs, Hall of Famer, NEXT Buccaneers, Houston, Cincinnati, Bengals Locations: ORCHARD, Tampa, Buffalo

☆ Foxconn’s China woes expose supply chain dilemma
▼ + stars: | 2023-10-24 | by ( Chan Ka Sing | ) www.reuters.com time to read: +4 min

Yet, coming less than 100 days ahead of Taiwan’s presidential election in January, it is difficult to see surprise tax raids on Foxconn as having no geopolitical implications. For multinationals, the tax audits expose Foxconn’s difficulty in navigating the global business environment as tensions across the Taiwan Strait escalate. For global onlookers anxious to reduce their Chinese dependency, Foxconn could be the most telling case on the true cost of reshoring. The audits come less than three months ahead of Taiwan’s presidential election in January 2024 and amid Foxconn’s drive to expand its production outside China. Foxconn’s founder Terry Gou, who stepped down as company chief in 2019, is running as an independent candidate in Taiwan’s upcoming presidential election.

Persons: Foxconn, Terry Gou, It’s, Foxconn’s, Lisa Jucca, Thomas Shum, Katrina Hamlin Organizations: Reuters, Apple, Hai Precision Industry, Global Times, Eastern, Democratic Progressive Party, Foxconn, Thomson Locations: HONG KONG, China, Taiwan, Foxconn, Beijing, Vietnam, Republic, Shanghai, Taipei

☆ Tycoon’s lithium grab leaves investors hanging
▼ + stars: | 2023-10-16 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Australia’s richest person has stifled Albemarle’s (ALB.N) A$6.6 billion ($4.2 billion) pursuit of lithium producer Liontown Resources (LTR.AX) with deft use of the country’s takeover rules. At A$3 a share, the offer represented a near-100% premium to Liontown’s undisturbed price. And because she never paid more than the A$3 a share Albemarle put on the table, her share purchases did not count as a superior offer. CONTEXT NEWSU.S.-based lithium producer Albemarle on Oct. 16 said it has abandoned its A$6.6 billion ($4.2 billion) offer for smaller Australian rival Liontown Resources, citing “growing complexities associated with the proposed transaction” as a reason. The firm said that in building its stake it never paid more than A$3 per share, the same price as Albemarle’s takeover offer.

Persons: Gina Rinehart, Kent Masters, Rinehart, Albemarle, Masters, Liontown, Kathleen, It’s, Hancock, Lisa Jucca, Katrina Hamlin, Thomas Shum Organizations: MELBOURNE, Reuters, Liontown, Kent, Liontown Resources, Thomson Locations: Western Australia, Hancock, Liontown

The Bills said Harris does have movement in his arms and legs. Harris flashed a thumbs up sign with his left hand as he was being loaded into the ambulance. The game was delayed for about five minutes while players from both teams gathered around him on the field. Bills players watched with concerned looks on their faces with lingering memories of Buffalo safety Damar Hamlin's near-death experience in January after making what appeared to be a routine tackle. A cheer went up when Harris raised his thumb before being loaded into the ambulance.

Persons: Damien Harris, Harris, Sean McDermott, Bobby Okereke, Hamlin, ___ Organizations: — Buffalo Bills, New York Giants, Bills, Sunday, New England Locations: ORCHARD, Cincinnati, New

☆ The EU is stuck with its one-trick refugee policy
▼ + stars: | 2023-10-09 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Barring an influx of younger people from Africa and Asia, the EU will become increasingly old, weak and irrelevant. Instead, the EU is focussing on stopping irregular migrants crossing the Mediterranean. To be fair, each EU country has procedures for dealing with migrants who arrive through legal routes. That’s a long way short of the height of the Syrian crisis in 2015, when about 1.8 million refugees crossed EU borders. The hope is that the Mediterranean countries will then process asylum seekers when they arrive - and the EU’s internal borders will stay open.

Persons: Giorgia Meloni, Marine Le, Italy don’t, Martinez, Peter Thal Larsen, Katrina Hamlin, Thomas Shum Organizations: Reuters, Eurostat, EU, Reuters Graphics, Italian, Centre, European, Bank, Thomson Locations: Africa, Asia, EU, Spain, Europe, Turkey, Libya, Tunisia, Egypt, Lampedusa, Tunis, West Balkan, United Kingdom, That’s, Germany, Austria, Poland, Italy, Hungary, Saharan Africa, Latin America

HONG KONG, Oct 6 (Reuters Breakingviews) - It’s getting harder for China Inc to go global, and tougher for global financial advisors to take on the rapidly shrinking pool of related mandates. Belgium’s intelligence service VSSE said on Thursday that it is trying to “detect and fight against possible spying and/or interference activities carried out by Chinese entities including Alibaba”. Fellow courier SF Holding is also preparing a Hong Kong listing to raise as much as $3 billion to support, among other things, ambitious expansion beyond Asia. Alibaba signed an agreement with the Belgium government in 2018 to open an e-commerce trade hub, run by its logistics arm Cainiao Smart Logistics Network. The Chinese e-commerce giant last month filed to list Cainiao on the Hong Kong stock exchange.

Persons: VSSE, Cainiao, won’t, Alibaba, Una Galani, Thomas Shum Organizations: Reuters, China Inc, HK, Belgian, Justice, Citigroup, JPMorgan, Hong, European, Liege Airport, Smart Logistics Network, Alibaba’s, Thomson Locations: HONG KONG, China, Hong Kong, Liege, Belgian, Asia, Belgium, United States, European, Alibaba’s New York

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