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Activision shares surged 10% on the day, as the U.S. and Britain have been the two countries opposed to what would be Microsoft's biggest deal ever and the largest transaction in the videogame industry's history. Microsoft shares rose 64 cents to $332.47. Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. "It does seem like the Microsoft and the CMA could work out a deal within the next couple of weeks," said D.A. The FTC's complaint had cited concerns about loss of competition in console gaming, as well as subscriptions and cloud gaming.
Persons: Jacqueline Scott Corley, , Joost Van Dreunen, University's, Corley, Douglas Farrar, we'll, Dado Ruvic, Biden, Brad Smith, Franco Granda, Satya Nadella, Diane Bartz, David Shepardson, Jaspreet Singh, Aditya Soni, Chris Sanders, Caitlin Webber, Matthew Lewis David Gregorio, Muralikumar Organizations: Activision, Microsoft, Biden, U.S, Markets Authority, University's Stern School of Business, U.S . Federal Trade Commission, Nintendo, Sony Group, FTC, Sony PlayStation, REUTERS, FOCUS Gaming, CMA, Davidson &, PlayStation, Thomson Locations: WASHINGTON, U.S, British, Britain, San Francisco, New, Washington, Bengaluru
Shooting in Texas leaves at least 3 dead, 8 wounded - media
  + stars: | 2023-07-04 | by ( ) www.reuters.com   time to read: 1 min
July 4 (Reuters) - A shooting just before midnight on Monday in a parking lot in Fort Worth, Texas, left at least three people dead and eight wounded, according to media reports citing the police. One was pronounced dead at the scene and two others died in hospital, while the other eight were also hospitalized and their conditions weren't known, CBS reported. The reason for the shooting wasn't immediately clear. Ten victims were adults and the other is a juvenile, the report said, adding that there was a "large crowd gathering" in the parking lot at the time of the shooting. Reporting by Shivani Tanna in Bengaluru; Editing by Andrew Heavens and Alistair BellOur Standards: The Thomson Reuters Trust Principles.
Persons: Shivani Tanna, Andrew Heavens, Alistair Bell Organizations: CBS, Thomson Locations: Fort Worth , Texas, Bengaluru
[1/2] Tyson Foods brand frozen chicken wings are pictured in a grocery store freezer in the Manhattan borough of New York City, U.S. May 11, 2017. REUTERS/Carlo Allegri/File PhotoJuly 2 (Reuters) - Tyson Foods (TSN.N) is reintroducing certain antibiotics to its chicken supply chain and will drop its "no antibiotics ever" tagline from Tyson-branded chicken products, a Tyson spokesperson said on Sunday. This will involve drugs that the company said are not important to human health. "Based on current science, Tyson branded products are transitioning to No Antibiotics Important to Human Medicine (NAIHM) which is expected to be complete by the end of the calendar year," a Tyson Foods spokesperson said. In 2017, the U.S. meatpacker had switched its retail line of company-branded chicken products to birds raised without any antibiotics.
Persons: Carlo Allegri, Tyson, meatpacker, Shivani Tanna, Gursimran Kaur, Chandni Shah, Chizu Nomiyama, Lisa Shumaker Organizations: Tyson, REUTERS, Tyson Foods, World Health Organization, Medicine, Thomson Locations: Manhattan, New York City, U.S, Bengaluru
July 2 (Reuters) - Tesla Inc (TSLA.O) on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable. "The price cuts was a smart poker move for Tesla and paying major dividends in the field especially for the China market," Dan Ives, an analyst at Wedbush Securities, said. Tesla is expected to hit record sales in China, its second-largest market after North America, despite stiff competition from market leader BYD . Tesla has cut prices starting in China since late last year, eroding its first-quarter margins. Reuters GraphicsThe company delivered 446,915 Model 3 compact cars and Model Y sport-utility vehicle, as well as 19,225 of its Model S and Model X premium vehicles.
Persons: Elon, Tesla, Dan Ives, BYD, Ives, Elon Musk, Akash Sriram, Shivani, Hyun Joo Jin, Sriraj Kalluvila, Lisa Shumaker Organizations: Tesla Inc, Refinitiv, Tesla, Wedbush Securities, Reuters Graphics, Ford, General Motors, Reuters, Thomson Locations: China, North America, United States, Shivani Tanna, Bengaluru
July 2 (Reuters) - Tyson Foods (TSN.N) is reintroducing certain antibiotics to its chicken supply chain, and will drop its “no antibiotics ever” tagline from Tyson-branded chicken products, the Wall Street Journal reported on Sunday. This will involve drugs that "are not important" to human health and will apply to all fresh, frozen and ready-made products under its brand, the report said. The antibiotics that Tyson plans to add to some of its chickens' diets are known as ionophores, the report added, citing people familiar with the matter. According to the report, the World Health Organization does not consider them to be medically important for treating human illnesses. In 2017, the U.S. meatpacker had switched its retail line of company-branded chicken products to birds raised without any antibiotics.
Persons: Tyson, meatpacker, Shivani Tanna, Chizu Organizations: Tyson Foods, Wall Street, World Health Organization, Reuters, Thomson Locations: U.S, Bengaluru
Tesla beats second-quarter delivery estimates
  + stars: | 2023-07-02 | by ( ) www.reuters.com   time to read: 1 min
July 2 (Reuters) - Tesla Inc (TSLA.O) on Sunday delivered a record number of vehicles in the second quarter, topping market estimates after the electric carmaker increased discounts and incentives. The Elon Musk-led company handed over 466,000 vehicles in the three months ended June 30. Analysts on average had expected Tesla to deliver 445,000 cars, according to nine analysts polled by Refinitiv, with the lowest estimate of 439,875 and highest of 450,000. Reporting by Akash Sriram and Shivani Tanna in Bengaluru; Editing by Sriraj Kalluvila and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Persons: Elon, Tesla, Akash Sriram, Sriraj Kalluvila, Lisa Shumaker Organizations: Tesla Inc, Refinitiv, Thomson Locations: Bengaluru
July 2 (Reuters) - Police in Baltimore said that two people had died and 28 others were injured in a mass shooting early on Sunday morning at a housing block in the city. An 18-year-old female was pronounced dead at the scene and a 20-year-old male was pronounced dead after being taken to a local hospital, the police said. Nine people were transported from the scene to local hospitals, while 20 others affected walked into hospitals in the area, police said. "Nine critically injured patients were stabilized and transferred to Baltimore trauma centers," it said, adding that all but one patient had been released. The police department said that at about 12:35 a.m. on Sunday officers responded to calls of a reported shooting at 800 block of Gretna Court.
Persons: Richard Worley, Shivani Tanna, Jahnavi, Gursimran Kaur, David Goodman, Simon Cameron, Moore, Susan Fenton Organizations: Police, Gretna, Baltimore, Reuters, Fox, CNN, Baltimore Police, Thomson Locations: Baltimore, Brooklyn, Gretna Court, Bengaluru
June 25 (Reuters) - Law-enforcement officials and retailers are investigating a recent wave of bomb threats across the United States, targeting grocery operators and other stores, the Wall Street Journal reported on Sunday. Retail companies including Kroger (KR.N), Walmart (WMT.N) and Amazon's (AMZN.O) Whole Foods Market, among others, have received bomb threats at their stores in recent months, the report said, adding that some callers demanded gift cards, bitcoin or money and threatened to detonate bombs if payments were not made. A similar incident was reported in a suburb north of Chicago, where a caller told a Whole Foods Market employee a pipe bomb had been placed in the store and demanded $5,000 in bitcoin, according to the Wall Street Journal. According to the report it is unclear to authorities whether the threats are part of an organized effort. Reporting by Shivani Tanna in Bengaluru, editing by Ros RussellOur Standards: The Thomson Reuters Trust Principles.
Persons: Shivani Tanna, Ros Russell Organizations: Wall Street, Kroger, Walmart, Foods, FBI, Thomson Locations: United States, New Mexico, Wisconsin, Chicago, bitcoin, Bengaluru
Egypt and India bolster ties as Modi makes first trip to Cairo
  + stars: | 2023-06-25 | by ( ) www.reuters.com   time to read: +2 min
[1/5] Egypt's President Abdel Fattah El-Sisi meets with Indian Prime Minister Narendra Modi at the Ittihadiya presidential palace in Cairo, Egypt June 25, 2023. The Egyptian Presidency/Handout via REUTERSCAIRO, June 25 (Reuters) - Egypt and India discussed strengthening ties in areas including trade, food security and defence during a state visit to Cairo by Indian Prime Minister Narendra Modi, the two countries said on Sunday. On his first trip to Egypt, Modi met Egyptian President Abdel Fattah al-Sisi and Egyptian ministers appointed to an "India unit" after a state visit by Sisi to India in January during which a "strategic partnership" was announced. India is seen as keen to boost ties with Egypt partly to secure trade through the Suez Canal. Modi, a Hindu nationalist, has rarely made public visits to mosques as prime minister.
Persons: Abdel Fattah El, Narendra Modi, Modi, Abdel Fattah al, Sisi, Al Hakim, Mohamed Waly, Rajesh, Jyoti Narayan, Shivani, Aidan Lewis, Ros Russell Organizations: Indian, REUTERS, Global, Reuters, Thomson Locations: Cairo, Egypt, REUTERS CAIRO, India, Sisi, Suez, Gujarat
The resignations of GV Ravishankar of Peak XV Partners, earlier Sequoia Capital India, Russell Dreisenstock of Prosus, and Chan Zuckerberg Initiative's Vivian Wu mean Byju's board now only comprises the founder's family. In a statement to Reuters on Friday, Byju's said it is in discussions with investors about reshaping the board, including the addition of independent directors. A "few" investors had to vacate their board seats as their shareholding dropped below the required minimum threshold, necessitating a board reshuffle, it said. The confirmation of the resignations comes after Reuters and other media outlets reported on Thursday that three Byju's board members had quit recently. On Friday, sources told Reuters that the edtech was asking its three global investors to reconsider their decision to quit its board.
Persons: Russell Dreisenstock, Chan Zuckerberg, Vivian Wu, Byju's, Akriti Sharma, Shivani Tanna, Shounak Dasgupta, Anil D'Silva Organizations: GV, XV Partners, Sequoia Capital, Blackrock, Reuters, Deloitte, Thomson Locations: Sequoia, Sequoia Capital India, Bengaluru
US government agencies hit in global hacking spree
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
June 15 (Reuters) - The U.S. government has been hit in a global hacking campaign that exploited a vulnerability in widely used software but does not expect it to have significant impact, the nation's cyber watchdog agency said on Thursday. CISA did not identify the agencies that were hit or say exactly how they had been affected. The FBI and National Security Agency also did not immediately respond to emails seeking details on the breaches. MOVEit, made by Progress Software Corp (PRGS.O), is typically used by organizations to transfer files between their partners or customers. Neither Cl0p nor Progress immediately responded to requests for comment.
Persons: Eric Goldstein, cybersecurity, CISA, Jen, MOVEit, John Hammond, Huntress, Raphael Satter, Kanishka Singh, Zeba Siddiqui, Tanna, Chandi Shah, Jonathan Oatis, Angus MacSwan, Bill Berkrot Organizations: U.S, Cybersecurity, Infrastructure Security Agency, CNN, FBI, National Security Agency, MSNBC, Progress Software Corp, Progress, CITY, Thomson Locations: U.S, United States
ROME, June 15 (Reuters) - Generali (GASI.MI) will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion), in a move aimed at strengthening its property and casualty segment, Italy's top insurer said on Thursday. "Generali is acquiring a profitable insurance business in three growing European markets with very attractive characteristics, that will create significant long-term value for all stakeholders," Chief Executive Philippe Donnet said in a statement. Generali said it expects the acquisition to bring a reduction of 9.7 percentage points on the group's regulatory solvency ratio. The all-cash deal would allow the Italian group to become one of the main players in the Spanish insurance market, as well as enter Ireland and Northern Ireland, Generali said. ($1 = 0.9179 euro)Reporting by Federica Urso in Rome and Shivani Tanna in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Philippe Donnet, Generali, Federica Urso, Jonathan Oatis Organizations: Liberty Mutual, Citigroup, Credit Suisse, Thomson Locations: Spanish, Ireland, Northern Ireland, Rome, Bengaluru
Sweden's Essity divests Russian operations
  + stars: | 2023-06-10 | by ( ) www.reuters.com   time to read: +1 min
June 10 (Reuters) - Swedish hygiene products group Essity (ESSITYa.ST) has divested its operations in Russia, the company said in a statement on Saturday. The company said it did not expect to see a material financial impact from the winding down of its Russian business. The world's second-biggest consumer tissue maker began work on exiting the Russian market in April, after taking a writedown of about 1.7 billion crowns ($157.25 million) on its assets in the country, the statement added. Essity had said in March it would shut down all production and sales in Russia, where it had clocked sales worth 2.8 billion crowns last year, corresponding to about 2% of its total sales. ($1 = 10.8107 Swedish crowns)Reporting by Shivani Tanna in Bengaluru; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Essity, Shivani Tanna, Alex Richardson Organizations: Thomson Locations: Russia, Bengaluru
June 10 (Reuters) - German investigators are examining evidence suggesting a sabotage team used Poland as an operating base to damage the Nord Stream pipelines in the Baltic Sea in September, the Wall Street Journal reported on Saturday. The investigators have reconstructed the two-week voyage of the "Andromeda", a 50-foot (15-metre) yacht suspected of being involved in the sabotage of the Nord Stream 1 and 2 pipelines, the newspaper said. The Journal cited people familiar with the voyage as indicating the sabotage crew had placed deep-sea explosives on Nord Stream 1, before they set the vessel on a course towards Poland. The destruction of the Nord Stream pipelines hastened the region's switch to other energy suppliers. Nord Stream 1 and Nord Stream 2, each consisting of two pipes, were built by Russia's state-controlled Gazprom to pump 110 billion cubic metres (bcm) of natural gas a year to Germany.
Persons: Stanislaw Zaryn, Volodymyr Zelenskiy, Shivani Tanna, Karol Badohal, William Mallard, Helen Popper Our Organizations: Wall Street, Germany's Federal Criminal Police, Polish, Special Services, Twitter, Nord, Gazprom, Washington Post, Wednesday, Thomson Locations: Poland, Baltic, Germany, Germany's, Russian, Warsaw, Kiev, Ukraine, Nord, Sweden, Denmark, Ukrainian, Bengaluru
Nord Stream sabotage probe turns to clues inside Poland- WSJ
  + stars: | 2023-06-10 | by ( ) www.reuters.com   time to read: +2 min
June 10 (Reuters) - German investigators are examining evidence suggesting a sabotage team used Poland as an operating base to damage the Nord Stream pipelines in the Baltic Sea in September, the Wall Street Journal reported on Saturday. German investigators have fully reconstructed the two-week voyage of the "Andromeda", a 50-foot (15-metre) white pleasure yacht suspected of being involved in the sabotage of the pipelines that supply Russian gas to Europe, the newspaper said. Ukrainian President Volodymyr Zelenskiy on Wednesday told German media that Ukraine did not attack Nord Stream pipelines. German media in March identified the possible involvement of a yacht from a Poland-based company owned by Ukrainian citizens in the attack. The Journal cited people familiar with the Andromeda’s voyage as indicating the sabotage crew had finished half their job, laying deep-sea explosives on Nord Stream 1, before they set their Bavaria 50 Cruiser on a course away from their target, toward Poland.
Persons: Volodymyr Zelenskiy, Shivani Tanna, William Mallard Organizations: Wall Street, Germany's Federal Criminal Police, Poland's, Washington Post, Wednesday, Wall Street Journal, Bavaria, Thomson Locations: Poland, Baltic, Europe, Germany, Germany's, Ukraine, Sweden, Denmark, Ukrainian, Bengaluru
Entering its 18th season, the show that celebrates talents and strange party tricks of all kinds is back with its first round of auditions this week. This semi-autobiographical show about the rapper Dave Burd, a.k.a. Lil Dicky, is wrapping up its third season this week with Dave ending his quest to find love. Titanic has had countless retellings; from the 1997 film to many documentaries, there is not a lot left unknown or uncovered. Who was on the ship that sailed away?
Meta fined $1.3 bln over data transfers to US - WSJ
  + stars: | 2023-05-22 | by ( ) www.reuters.com   time to read: 1 min
May 22 (Reuters) - Facebook owner Meta Platforms Inc (META.O) has been fined $1.3 billion by European Union privacy regulators for sending user information to the United States, the Wall Street Journal reported on Monday. Reporting by Shivani Tanna in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
May 22 (Reuters) - Credit Suisse AG (CSGN.S) staff are preparing to sue the Swiss financial regulator over $400 million of bonuses that were canceled after the troubled lender's rescue by UBS Group AG (UBSG.S), the Financial Times reported on Monday. Quinn Emanuel and Pallas, law firms which are already suing Swiss regulator Finma on behalf of investors who owned AT1 bonds, have received multiple requests from senior managers at Credit Suisse to take legal action on their behalf, the report said. Credit Suisse declined to comment, while Law firms Quinn Emanuel, Pallas and Finma did not immediately respond to Reuters' request for comment. Following this, Switzerland's Federal Council instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered. read moreUnder Swiss banking law, the Federal Council can impose bonus-related measures on a systemically important bank if it received state aid from federal funds.
May 16 (Reuters) - The World Health Organization called for caution on Tuesday in using artificial intelligence for public healthcare, saying data used by AI to reach decisions could be biased or misused. The WHO said it was enthusiastic about the potential of AI but had concerns over how it will be used to improve access to health information, as a decision-support tool and to improve diagnostic care. The WHO said in a statement the data used to train AI may be biased and generate misleading or inaccurate information and the models can be misused to generate disinformation. It was "imperative" to assess the risks of using generated large language model tools (LLMs), like ChatGPT, to protect and promote human wellbeing and protect public health, the U.N. health body said. Reporting by Shivani Tanna in Bengaluru; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.
Tala: 2023 CNBC Disruptor 50
  + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
That's up from $2.7 billion to more than 6 million people the year before, as the popularity of digital financial services continues to grow in the wake of Covid. Tala offers micro-loans between $10 to $500 for consumers and small businesses through its smartphone app. The financial sweet spot for Tala aims to create a more equitable financial system in emerging markets including Kenya, the Philippines, Mexico and India. Last November, Tala launched a new app with digital wallet features that moves beyond lending. Customers receive credit to their Tala wallet to manage money without fees, and eliminating the need to go to a remittance center for their money.
Google plans to upgrade search with AI chat, video clips- WSJ
  + stars: | 2023-05-06 | by ( ) www.reuters.com   time to read: +1 min
May 6 (Reuters) - Google is planning to make its search engine more "visual, snackable, personal, and human," with a focus on serving young people globally, the Wall Street Journal reported on Saturday, citing documents. The move comes as artificial intelligence (AI) applications such as ChatGPT are rapidly gaining in popularity, highlighting a technology that could upend the way businesses and society operate. At its annual I/O developer conference in the coming week, Google is expected to debut new features that allow users to carry out conversations with an AI program, a project code-named "Magi," WSJ added, citing people familiar with the matter. Google, part of Alphabet Inc., did not immediately respond to Reuters' request for comment. Reporting by Shivani Tanna in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
May 4 (Reuters) - PacWest Bancorp (PACW.O) said on Thursday that it has been approached by several potential partners and investors, and that those talks are ongoing as it continues to evaluate all options to maximize shareholder value. The Los Angeles-based lender said it has explored strategic asset sales, including moving its $2.7 billion lender finance loan portfolio to held-for-sale. PacWest said its cash and available liquidity remains "solid" and has exceeded its uninsured deposits, representing 188% as of May 2. The bank said it has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank to JPMorgan Chase & Co (JPM.N). PacWest's core customer deposits increased since March 31, with deposits totaling $28 billion as of May 2, the company said in a statement.
Musk threatens to reassign NPR Twitter account, NPR says
  + stars: | 2023-05-03 | by ( ) www.reuters.com   time to read: +1 min
May 2 (Reuters) - Twitter chief Elon Musk has "threatened" to reassign National Public Radio's Twitter account to another company, the U.S.-based broadcaster said on Tuesday. Musk suggested that he would reassign the network's main account, under the @NPR handle, to another organization or person, NPR said. NPR stopped posting content to its 52 official Twitter feeds last month in protest against a Twitter designation that implied government involvement in its editorial content. Musk, in an email to an NPR reporter, asked about its engagement with Twitter, the public broadcaster said. "So is NPR going to start posting on Twitter again, or should we reassign @NPR to another company?"
Oleksiy Chernyshov, chief executive of Naftogaz, told the FT that he held meetings in Washington with Halliburton and ExxonMobil in recent days. The talks with Exxon and Chevron are at an early stage and would take longer to yield results, FT said. The talks are a part of Ukraine's push to increase natural gas production. Ukraine has substantial reserves of natural gas, but consumption far outstrips production and the country is forced to import gas. Last month, Chernyshov said he plans to increase its natural gas production by more than 5% in 2023 to 19 billion cubic metres despite the Russian invasion.
April 21 (Reuters) - British health minister Steve Barclay said on Friday that he intends to pursue legal action against the Royal College of Nursing's upcoming strike action. "Following a request from NHS Employers I have regretfully provided notice of my intent to pursue legal action to ask the courts to declare the Royal College of Nursing's upcoming strike action planned for 30 April to 2 May to be unlawful," he said. "Bullying nurses and dragging us through the highest courts would not be a good look for government," the Royal College of Nursing (RCN) said in a response to his statement. Last week, nurses in England rejected an offer of a 5% pay rise and set out plans for further strikes. Reporting by Shivani Tanna in BengaluruOur Standards: The Thomson Reuters Trust Principles.
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