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☆ William Lewis is named publisher of the Washington Post
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | Luciana Lopez | ) edition.cnn.com time to read: +2 min

New York CNN —The Washington Post on Saturday named news media veteran William Lewis as its new publisher and CEO at a critical time for newspaper, as it contends with financial trouble, a rapidly shifting media environment and a looming presidential election. Amazon founder Jeff Bezos bought the Washington Post in 2013, and the paper’s traffic surged in the years immediately after, particularly after former President Donald Trump took office. As with much of the news industry, the Washington Post has faced a reckoning as Americans’ reading habits have shifted in recent years. Previous publisher and chief executive Fred Ryan announced in June that he was stepping down after nearly a decade heading up the Washington Post. “Ten years ago, I made a commitment to the future of The Washington Post, inspired by its ambitious and consequential journalism,” said Bezos in a statement.

Persons: William Lewis, Lewis, ” Lewis, Dow Jones, Jeff Bezos, Donald Trump, Patty Stonesifer, Fred Ryan, Stonesifer, ”, Will, ” CNN’s Oliver Darcy Organizations: New, New York CNN, Washington Post, Wall Street, Amazon, Interim, The Washington Post Locations: New York

☆ Israel to allow more Gaza aid, civilians should move south, official says
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +1 min

Smoke rises over Gaza, as seen from Israel's border with Gaza, in southern Israel October 28. REUTERS/Amir Cohen Acquire Licensing RightsJERUSALEM, Oct 29 (Reuters) - Israel would allow a dramatic increase in aid to Gaza in the coming days, an official said on Sunday, calling on Palestinian civilians to head to what he described as a "humanitarian" zone in the south of the territory. "In the coming week we were planning to increase dramatically the amount of assistance" headed for Gaza from Egypt, said Colonel Elad Goren of Cogat, the Israeli Defence Ministry agency that coordinates with the Palestinians. "We have marked a humanitarian zone in the southern Gaza Strip in the Khan Younis area ... we still recommend that the civilian population that evacuated will go to this zone," he told media during an online briefing. Goren did not say whether the humanitarian zone was new or an existing area.

Persons: Amir Cohen, Elad Goren, Cogat, Younis, Goren, John Davison, Alexander Smith Organizations: REUTERS, Rights, Israeli Defence Ministry, Thomson Locations: Gaza, Israel, Egypt

☆ Pakistan's Imran Khan indicted in official secrets case - party
▼ + stars: | 2023-10-23 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +2 min

Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsISLAMABAD, Oct 23 (Reuters) - A Pakistani court indicted former Prime Minister Imran Khan and his deputy in an official secrets acts case on Monday, his party said, in another blow for the jailed former cricket star ahead of a general election expected in January. Both the United States and the Pakistani military deny that. The sentence was suspended but he remains in prison in connection with other cases, including instigating violence and the official secrets case. A guilty verdict under the Official Secrets Act could bring up to 14 years in prison or even a death sentence, lawyers say.

Persons: Imran Khan, Akhtar Soomro, Khan, Shah Mahmood Quershi, Nawaz Sharif, Gibran Peshimam, Jacqueline Wong, Robert Birsel Organizations: Pakistani, Reuters, REUTERS, Rights, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Islamabad, Washington, U.S, Moscow, Ukraine, United States, Adyala

☆ New Zealand election campaign winds down with Labour facing defeat
▼ + stars: | 2023-10-13 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

Prime Minister and Labour Party Leader Chris Hipkins speaks at the New Zealand Labour Party’s election campaign launch event in Auckland, New Zealand, September 2, 2023. However, Hipkins, 45 said Labour was starting to see momentum build in the final hours of campaigning. “We are expecting a really huge turnout ... and we’re expecting a really strong result tomorrow night," Hipkins, 45, told reporters. Polls predict that the nationalist New Zealand First Party will hold the balance of power. The party was Labour’s coalition partner in 2017 but has said it will not work with Labour again.

Persons: Chris Hipkins, David Rowland, Hipkins, Jacinda Ardern, we’re, Christopher Luxon, you've, ” Luxon, walkabouts, ”, Kelly Eckhold, Lucy Craymer, Stephen Coates Organizations: Labour Party, New Zealand Labour, REUTERS, Rights, Zealand, Labour, ACT Party, New Zealand First Party, National Party, MMP, Zealanders, “, Westpac, Thomson Locations: Auckland , New Zealand, Hipkins

☆ UAW expands strike, hitting Ford’s largest factory
▼ + stars: | 2023-10-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

CNN —The United Auto Workers union surprised Ford with a major escalation of its strike, ordering workers off the job at the company’s largest plant. “We have been crystal clear, and we have waited long enough, but Ford has not gotten the message,” said UAW President Shawn Fain. He said that the union wanted a different offer from Ford from what it had presented before. The UAW has been on strike against not only Ford, but also General Motors and Stellantis, since September 15. By hitting the Kentucky Truck Plant, the union is going after a much more profitable part of Ford’s line-up.

Persons: Ford, ”, Shawn Fain, “, Fain Organizations: CNN, United Auto Workers, Kentucky, Ford, UAW, Motors, Ford Expedition, Lincoln, Chicago Assembly, Lincoln Aviator, GM Locations: Wayne Michigan, Chicago

☆ Death Toll From Pakistan Blast Rises to 59 as Minister Blames India
▼ + stars: | 2023-09-30 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Saleem AhmedQUETTA (Reuters) - The death toll from a large blast at a mosque in Pakistan rose to 59 on Saturday as the government vowed to find the perpetrators and accused India's intelligence agency of being involved. Pakistani officials have long claimed that India sponsors violent groups in Pakistan - claims India has always denied. "Civil, military and all other institutions will jointly strike against the elements involved in the Mastung suicide bombing," interior minister Sarfaraz Bugti told media in Balochistan's capital, Quetta. "RAW is involved in the suicide attack," he added, referring to India's Research & Analysis Wing (RAW) intelligence agency. The Pakistani Taliban (TTP), responsible for some of the bloodiest attacks in Pakistan since the group's formation in 2007, denied responsibility for Friday's blasts.

Persons: Saleem Ahmed QUETTA, Prophet Mohammad, Sarfaraz Bugti, Wasim Baig, Saleem Ahmed, Saud Mehsud, Charlotte Greenfield, Giles Elgood Organizations: Research, Analysis, Police, Pakistani Locations: Pakistan, Mastung, Balochistan, India, Quetta, Khyber Pakhtunkhwa, Pakistan's

☆ Death toll from Pakistan blast rises to 59 as minister blames India
▼ + stars: | 2023-09-30 | by ( Saleem Ahmed | ) www.reuters.com time to read: +2 min

Rescue workers clear the rubble from a damaged mosque, after a suicide blast in Hangu, Pakistan September 29, 2023. Pakistani officials have long claimed that India sponsors violent groups in Pakistan - claims India has always denied. "Civil, military and all other institutions will jointly strike against the elements involved in the Mastung suicide bombing," interior minister Sarfaraz Bugti told media in Balochistan's capital, Quetta. "RAW is involved in the suicide attack," he added, referring to India's Research & Analysis Wing (RAW) intelligence agency. The Pakistani Taliban (TTP), responsible for some of the bloodiest attacks in Pakistan since the group's formation in 2007, denied responsibility for Friday's blasts.

Persons: Stringer, Prophet Mohammad, Sarfaraz Bugti, Wasim Baig, Saleem Ahmed, Saud Mehsud, Charlotte Greenfield, Giles Elgood Organizations: REUTERS, Rights, Research, Analysis, Police, Pakistani, Thomson Locations: Hangu, Pakistan, Mastung, Balochistan, India, Quetta, Khyber Pakhtunkhwa, Pakistan's

☆ Semafor's Ben Smith explains why he has doubts Rupert Murdoch is really stepping down
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSemafor's Ben Smith explains why he has doubts Rupert Murdoch is really stepping downBen Smith, Semafor editor-in-chief, joins 'Squawk Box' to discuss news of Rupert Murdoch stepping down from his roles as chairman of Fox and News Corp., why he doubts the 92-year-old media mogul is really leaving, the ensuing succession drama, and more.

Persons: Semafor's Ben Smith, Rupert Murdoch, Ben Smith Organizations: Fox, News Corp

☆ ICC war crimes tribunal hobbles on despite hacking
▼ + stars: | 2023-09-21 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +2 min

An exterior view of the International Criminal Court in the Hague, Netherlands, March 31, 2021. The high-profile ICC in the city of The Hague handles sensitive information about war crimes cases. In March, the court issued an arrest warrant for Russian President Vladimir Putin on suspicion of illegally deporting children from Ukraine. Prosecutors are also conducting investigations of alleged war crimes in Ukraine, Sudan and Afghanistan, among others. Mylene Dimitri, defending Yekatom, told Reuters she was exchanging information via USB flash drives and paper binders, delivering information personally from office-to-office.

Persons: de, Vladimir Putin, Geert, Jan Knoops, Patrice, Edouard Ngaissona, Alfred Yekatom, Mylene Dimitri, Yekatom, videolink, Stephanie van den Berg, Anthony Deutsch, Toby Sterling, Barbara Lewis, Andrew Cawthorne Organizations: Criminal Court, REUTERS, ICC, Central African, Kremlin, Prosecutors, Reuters, Thomson Locations: Hague, Netherlands, The Hague, Central African Republic, Ukraine, Sudan, Afghanistan

☆ Breakingviews: Rupert Murdoch will redefine chair emeritus
▼ + stars: | 2023-09-21 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Sept 21 (Reuters Breakingviews) - Rupert Murdoch is tiptoeing slowly out the door. The decision at least solidifies succession plans, but there can be little doubt that his chairman emeritus title will be more than just a retirement honorific. He has been sharing the chairman’s job with his son, Lachlan, who will take the seat himself and keep his chief executive position at Fox. Follow @jennifersaba on XCONTEXT NEWSRupert Murdoch is stepping down as co-chair of media companies Fox and News Corp and his son, Lachlan, will become sole chair, the companies said on Sept. 21. Rupert will be chair emeritus of both Fox and News Corp.

Persons: Rupert Murdoch, tiptoeing, Murdoch, Lachlan, James, Walt Disney, Robert Thomson, ”, Rupert, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, Fox, News Corp, Fox News, Wall Street, Walt, Disney, Communications, . News Corp, Thomson

☆ How Rupert Murdoch Built His Media Empire
▼ + stars: | 2023-09-21 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: 1 min

Rupert Murdoch, the 92-year-old media tycoon who announced his retirement on Thursday, spent the past 70 years building a global media empire that gave him influence in journalism, politics and pop culture. Over dozens of acquisitions, Mr. Murdoch created a media conglomerate known for the rise of the modern tabloid and conservative commentary. His tenure has not been without scandal: One of his properties in Britain folded in 2011 after a phone-hacking inquiry, and he admitted this year that Fox News had spread falsehoods about the 2020 U.S. presidential election. Here’s how Mr. Murdoch built his empire:1950sThe Australian-born mogul ventured into media in 1952 when he inherited his family’s business after the death of his father, Keith Murdoch. A 21-year-old Oxford student, he inherited The News of Adelaide, a newspaper in southern Australia with a circulation of 75,000.

Persons: Rupert Murdoch, Murdoch, Keith Murdoch Organizations: Fox, Oxford Locations: Britain, Australian, Adelaide, Australia

☆ Disney asset sales won't break the bank, but they will move legacy media forward
▼ + stars: | 2023-09-17 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Disney 's motivation to potentially sell ABC and its owned affiliates, linear cable networks and a minority stake in ESPN isn't predicated on what these assets will fetch in a sale. It's about signaling to investors the time has come to stop thinking about Disney as old media. Rather, a sale of ABC and linear cable networks would be a message to the investment community: The era of traditional TV is over. "Disney almost has a good bank and a bad bank at this point," Wells Fargo analyst Steven Cahall said in a CNBC interview. Nexstar has held preliminary conversations with Disney to acquire ABC and its owned and operated affiliates, Bloomberg reported Thursday.

Persons: Walt Disney Company Bob Iger, Mickey Mouse, that's, Bob Iger, Wells, Steven Cahall, Disney, Byron Allen Organizations: Walt Disney Company, New York Stock Exchange, ABC, ESPN, Disney, CNBC, Nexstar, Bloomberg, . Media, Geographic Locations: New York City

☆ Oracle founder Larry Ellison makes first-ever trip to Microsoft headquarters for cloud announcement
▼ + stars: | 2023-09-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, the co-founder, chairman and chief technology officer of Oracle , has been going up against Microsoft to in database software for more than 30 years. He has also had to deal with clients looking to connect their Oracle and Microsoft products. Putting the Oracle equipment in Azure data centers means that applications will be able to quickly access data from the databases. Nadella said the new collaboration might help companies more quickly move their workloads from their existing data centers to the public cloud. But Ellison controls 42% of Oracle's outstanding shares, while Gates owns just over 1% of Microsoft stock, according to FactSet.

Persons: Larry Ellison, Bill Gates, Monfils of, Alexander Zverev of, Satya Nadella, Ellison, It's, Nadella, haven't, Paul Allen, Gates, McNamee Organizations: Oracle, Microsoft Co, BNP, Microsoft, Bing, Sun Microsystems, Windows, U.S . Justice Department, Bloomberg, Partners Locations: Alexander Zverev of Germany, Indian Wells, Calif, Seattle, Redmond, Washington

☆ New Zealand's National Party looks to cement lead 30 days out from election
▼ + stars: | 2023-09-14 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/3] Christopher Luxon, Leader of the National Party, attends the New Zealand National Party’s election campaign launch in Auckland, New Zealand, September 3, 2023. REUTERS/David Rowland/File Photo Acquire Licensing RightsWELLINGTON, Sept 14 (Reuters) - Thirty days out from New Zealand’s general election, recent polls show the opposition party National cementing its lead, as both parties are on the campaign trail trying to win over voters with proposed tax cuts and funding for infrastructure. A 1News Verian poll released late on Wednesday saw support for centre-right National up 2 percentage point to 39%, while the ruling Labour Party saw support fall 1 percentage point to 28%. The poll gives National and likely partner ACT a majority in parliament following the Oct. 14 election. “When farmers are strong, New Zealand is strong, and national understands that and that's why we back farmers so strongly,” National leader Christopher Luxon said at the launch of the policy.

Persons: Christopher Luxon, David Rowland, Chris Hipkins, ”, Luxon, Lucy Craymer, Stephen Coates Organizations: National Party, New Zealand National, REUTERS, Rights, National, Labour Party, ACT, Labour, Zealand, Thomson Locations: Auckland , New Zealand, New, New Zealand

☆ Opinion: Thanks to Coco Gauff, we can dream big
▼ + stars: | 2023-09-12 | by ( Kirsi Goldynia | Opinion Roxanne Jones | ) edition.cnn.com time to read: +5 min

CNN —Coco Gauff has been crowned America’s new tennis darling after her amazing US Open championship win against Aryna Sabalenka of Belarus. Like Serena, Gauff is unafraid to speak out on social issues or speak up after a bad call from the umpire. “[Venus and Serena] are the reason why I have this trophy today, to be honest,” Gauff told media after her US Open win. Growing up there weren’t too many black tennis players dominating the sport. Despite the many obstacles, Black tennis thrived back in the early 1900s.

Persons: Roxanne Jones, Jones, ”, CNN — Coco Gauff, Aryna Sabalenka, Joe Biden, Barack Obama, Serena Williams, Serena, she’d, Coco Gauff, She’s, That’s, Gauff, Coco, Serena —, Venus —, ” Gauff, Williams, ’, you’ll, Lucy Diggs Slowe, Slowe, Arthur Ashe, Althea Gibson, Lori McNeil, Zina Garrison —, Gibson, Lucy Slowe, Lindsay Davenport, Naomi Osaka, Sloane Stephens, Madison Keys, Zina Garrison Organizations: ESPN The Magazine, ESPN, New York Daily News, Philadelphia Inquirer, CNN, US, “, United States Tennis Association, USTA, tennis, American Tennis Association, Black, Wimbledon, Twitter, Madison Locations: Belarus, Serena

☆ Greek rescue teams move into worst-hit flood villages
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alexandros Avramidis Acquire Licensing RightsATHENS, Sept 9 (Reuters) - Rescue teams took people out of floodwaters in inflatable boats and in bulldozers on Saturday as they moved into villages hit hardest by a sweeping rainstorm that killed at least 10 people in central Greece this week. Authorities, who have struggled to evacuate people from flooded areas, raised the death toll to 10 people on Friday afternoon. On Saturday, rescue teams were moving into villages near the city of Larissa and close to the River Pineios. Extreme weather events have struck across the globe in recent weeks, with floods in Scandinavia, southeast Europe and Hong Kong. Reporting by Stamos Prousalis, Renee Maltezou, Lefteris Papadimas and Michele Kambas Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Storm Daniel, Alexandros Avramidis, Stamos Prousalis, Renee Maltezou, Lefteris Papadimas, Michele Kambas, Frances Kerry Organizations: REUTERS, Rights, pummelled, Authorities, Thomson Locations: Greece, Palamas, pummelled Greece, Larissa, Thessaly, Karditsa, Athens, Thessaloniki, Scandinavia, Europe, Hong Kong, India

☆ S&P Global raises reinsurance sector view to stable from negative on higher prices
▼ + stars: | 2023-09-05 | by ( Carolyn Cohn | ) www.reuters.com time to read: +2 min

The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Sept 5 (Reuters) - S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody's kept its outlook for the sector stable. The COVID-19 pandemic, war, inflation and climate change-fuelled natural catastrophes have put upward pressure on reinsurance rates in recent years. S&P Global said this "resulted in the hardest market in decades" in some lines of business. "Challenges such as elevated natural disasters, increasing cost of capital, financial market volatility, and inflation risk persist," S&P Global added.

Persons: Brendan McDermid, Moody's, Gallagher Re, reinsurers, Laline Carvalho, Neff, Re, Carolyn Cohn, Jason Neely, Alex Richardson, Sharon Singleton Organizations: REUTERS, Global, P Global, P, reinsurer, Thomson Locations: New York City, U.S, California, Florida, Monte Carlo

☆ Poland, Baltics will shut Belarus border if 'critical incident' occurs -minister
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

WARSAW, Aug 28 (Reuters) - Poland and the Baltic states will close their borders with Belarus entirely if a "critical incident" involving Wagner mercenaries takes place, the Polish interior minister said on Monday, amid rising tensions on NATO's eastern flank. EU and NATO members Latvia, Lithuania and Poland, which share a border with Belarus, have been increasingly concerned about border security since hundreds of Russian battle-hardened Wagner mercenaries arrived in Belarus at the invitation of President Alexander Lukashenko. "If there is a critical incident, regardless of whether it is at the Polish or Lithuanian border, we will retaliate immediately. Lithuanian Interior Minister Agne Bilotaite told media that there were two criteria that could lead to a border closure. Poland has closed all but one border crossing point with Belarus this year following the imprisonment of a journalist of Polish origin and expulsions of Polish diplomats.

Persons: Wagner, Alexander Lukashenko, Mariusz Kaminski, Yevgeny Prigozhin, Agne Bilotaite, Bilotaite, Alan Charlish, Pawel Florkiewicz, Marek Strzelecki, Andrius, Conor Humphries, Nick Macfie Organizations: WARSAW, EU, NATO, Wagner Group, Lithuanian, Thomson Locations: Poland, Baltic, Belarus, Latvia, Lithuania, Minsk, Latvian, Estonian, Lithuanian, Belarusian, Russia, Europe, East, Africa, Warsaw, Andrius Sytas, Vilnius

☆ Fact Check-High temperatures in the early 20th century don’t disprove climate warming
▼ + stars: | 2023-08-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

An inaccurate table of record-high temperatures in Europe circulating online shows that a handful of records set before 1950 still stand, but also that most records in specific cities were set after 2000. !” to imply that recent heat records set in Europe are not new. However, the post’s implication that record-high temperatures disprove climate warming is unsupported by further evidence. Temperatures for Europe as a whole show long-term warming trends with several countries having revised their all-time heat records over the past few years. Historical local heat records are not evidence for or against overall climate warming.

Persons: “, Belgium’s, Copernicus, Read Organizations: State, Reuters Locations: Europe, Cyprus, Spain, Italy, England, Ventspils, Daugavpils, Begijnendijk, Uccle, Slovenia, Netherlands

☆ China EV maker Zeekr to start investor tour ahead of $1 billion U.S. IPO
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: +2 min

A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Geely in December said Zeekr had confidentially filed for a U.S. IPO, without detailing the size or listing date. If successful, a $1 billion IPO would be the largest U.S. listing by a Chinese firm for over two years since ride-hailing giant Didi raised $4.4 billion in mid-2021. Geely, formally Zhejiang Geely Holding Group, established Zeekr in April 2021 to tap into increasing Chinese demand for high-end EVs. ($1 = 7.2883 Chinese yuan renminbi)

Persons: Geely, Zeekr, Didi, Andy Organizations: Auto Shanghai, U.S, Zhejiang Geely Holding Locations: Shanghai, China, Zeekr, Hangzhou, Hong Kong, Singapore, London , New York, Boston , California, U.S, Zhejiang, Netherlands, Sweden, Israel, Kazakhstan

A man walks past a sign of Geely's new premium electric vehicle (EV) brand Zeekr at its factory in Ningbo, Zhejiang province, China April 15, 2021. Geely in December said Zeekr had confidentially filed for a U.S. IPO, without detailing size or listing date. If successful, a $1 billion IPO would be the largest U.S. listing by a Chinese firm for over two years since ride-hailing giant Didi raised $4.4 billion in mid 2021. Geely, formally Zhejiang Geely Holding Group (GEELY.UL), established Zeekr in April 2021 to tap into increasing Chinese demand for high-end EVs. ($1 = 7.2883 Chinese yuan renminbi)Reporting by Julie Zhu in Hong Kong and Scott Murdoch in Sydney; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: HONG KONG, Geely, Zeekr, Didi, Andy, Julie Zhu, Scott Murdoch, Christopher Cushing Organizations: REUTERS, Yilei, U.S, Zhejiang Geely Holding, Thomson Locations: Ningbo, Zhejiang province, China, HONG, Hangzhou, Hong Kong, Singapore, London , New York, Boston , California, U.S, Zhejiang, Netherlands, Sweden, Israel, Kazakhstan, Sydney

☆ Infillion emerges as buyer for bankrupt adtech company MediaMath
▼ + stars: | 2023-08-22 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

Adtech company Infillion is set to acquire the assets of bankrupt adtech firm MediaMath. US-based adtech company Infillion has emerged as the highest bidder for the assets of MediaMath, the high-profile adtech firm that filed for Chapter 11 bankruptcy in June, according to court filings. A sale hearing is scheduled to take place on Wednesday 8.30 a.m. Eastern Time in the Delaware bankruptcy court. London-based Genius Sports, a sports data and video-streaming company, made the second-highest bid for the MediaMath assets, according to the court filings. Infillion was formed in 2022 after Disney sold its video adtech asset TrueX to the location-focused adtech firm Gimbal in late 2020.

Persons: Infillion, couldn't, Sports didn't, MediaMath, Xandr, TrueX, Gimbal, Joe Zawadzki Organizations: MediaMath, Sports, Google, Disney, TrueX, Street, Amazon, Bank of America, Mobile, Phoenix Locations: Delaware, London

Economists say China needs measures to boost consumption and business confidence, such as tax cuts or government-funded consumption vouchers, but add that unlike previous slowdowns, there is no quick fix. Wang's comments came after weak economic activity data on Tuesday fuelled concern that China is heading for a deeper, longer slowdown. The private sector accounts for 60% of gross domestic product and 80% of urban employment, officials say. But there is a growing disconnect between officials calling for investment and a sweeping national security crackdown that is denting business confidence, diplomats in China say. One example was a recent anti-espionage law, accompanied by raids on some foreign consultancy firms, that sent waves of anxiety through the foreign business community.

Persons: Xi Jinping, Tingshu Wang, Joe Biden, Biden, Xi, Christopher Beddor, Wang Wenbin, Wang's, Lee Smith, Baker Donelson, Xu Chenggang, Xu, Laurie Chen, Yew Lun Tian, Martin Quin Pollard, John Geddie, Robert Birsel Organizations: REUTERS, Rights, GAP, State, U.S . Department of Commerce, Stanford University's Center, Chinese Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, U.S, loggerheads, Taiwan

The new legislation will limit the amount of cannabis young adults can buy to 30 grams a month, compared to 50 grams for older adults. Scholz's government had already watered down original plans to allow the widespread sale of cannabis in licensed shops after consultations with Brussels. Instead, it said would launch a pilot project for a small number of licensed shops in some regions to test the effects of a commercial supply chain of recreational cannabis over five years. Malta became the first European country to allow limited cultivation and possession of cannabis for personal use in late 2021. The legislation presented on Wednesday includes strict rules for growing weed - cannabis clubs of up to 500 associates must have burglar-proof doors and windows, with greenhouses fenced off.

Persons: Lisi Niesner, Chancellor Olaf Scholz, Karl Lauterbach, Lauterbach, Armin Schuster, Kristine Luetke, Sarah Marsh, Andreas Rinke, Angus MacSwan, Bernadette Baum Organizations: REUTERS, Rights, Scholz's Social Democrats, Free Democrats, Thomson Locations: Brandenburg, Berlin, Germany, Europe, Saxony, Brussels, Netherlands, Switzerland, Malta

SEOUL, Aug 16 (Reuters) - North Korea's claim on Wednesday that U.S. soldier Travis King fled racism and abuse in America comes as Pyongyang pushes back on Washington's criticism of the North's human rights record. King has not been directly heard from, but an uncle in United States told media this month his nephew said he experienced racism during his military service. During the protests after the police killing of George Floyd in 2020, North Korean officials cited "extreme racists" in America and criticised authorities' response for threatening to "unleash even dogs for suppression". North Korean state media has its own history of issuing racially charged statements. A landmark 2014 U.N. report on North Korean human rights concluded that North Korean security chiefs - and possibly leader Kim Jong Un himself - should face justice for overseeing a state-controlled system of Nazi-style atrocities.

Persons: Travis King, King, Lim Eul, Donald Trump, George Floyd, Harrison Kim, Eldridge Cleaver, ”, Barack Obama, gaunt, Obama, Kim Jong Un, Josh Smith, Soo, hyang Choi, Gerry Doyle Organizations: U.S . Army, United Nations Security, U.S, North, Korea's Kyungnam University, University of Hawaii, NK News, Black Panther Party, Thomson Locations: SEOUL, America, Pyongyang, Korea, United States, North Korea, U.S, Charlottesville , Virginia, Seoul, North Korean, African, China

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