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The head of the Spanish soccer federation, Luis Rubiales, resigned on Sunday, weeks after kissing a member of Spain’s women’s team on the lips after the team won the World Cup last month, setting off a national scandal and drawing accusations of abusing his power and perpetuating sexism in the sport. In a statement posted to X, formerly known as Twitter, on Sunday, Mr. Rubiales said he had submitted his resignation as the federation’s president and as vice president of UEFA, European soccer’s governing body.vic“After the rapid suspension carried out by FIFA, plus the rest of proceedings open against me, it is evident that I will not be able to return to my position,” he wrote. “My daughters, my family and the people who love me have suffered the effects of persecution excessively, as well as many falsehoods, but it is also true that in the street, the truth is prevailing more every day.”Mr. Rubiales, 46, was largely unrepentant about his actions, but pressure had grown on him and the group he leads, known formally as the Royal Spanish Football Federation, and it became clear that his position was untenable as the outrage against him showed no signs of abating. Spanish prosecutors opened a sexual assault case on Friday after the player Jennifer Hermoso, who said she was made to feel “vulnerable” and a “victim of an attack” when he kissed her, filed a formal complaint, and there were signs of opposition to his continued presence at the top of Spanish soccer at every turn.
Persons: Luis Rubiales, Spain’s, Rubiales, body.vic “, , , Mr, Jennifer Hermoso Organizations: UEFA, FIFA, Royal Spanish Football Federation Locations: Spanish, European
The second person familiar with the plans confirmed the presence of several large U.S. chips companies, including Amkor, their Vietnamese partners, such as tech company FPT (FPT.HM), and Vietnamese and U.S. top officials, including Secretary of State Antony Blinken. Chip designing firm Marvell has said it plans to build a "world-class" centre in Vietnam. Vingroup (VIC.HM), Vietnam's largest conglomerate and the parent of Nasdaq-listed electric car maker VinFast , has a unit focussed on AI. Boeing may announce a deal involving the sale of 50 of its 737 MAX jets, people familiar with the matter told Reuters. Reporting by Francesco Guarascio @fraguarascio; additional reporting by Fanny Potkin; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Leah Millis, Antony Blinken, Janet Yellen, Marvell, Francesco Guarascio @fraguarascio, Fanny Potkin, William Mallard Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, Intel, Google, Marvell, Boeing, Reuters, Sunday, Samsung, Qualcomm, Nasdaq, Thomson Locations: Washington , U.S, Rights HANOI, U.S, Hanoi, Vietnam, China, Taiwan
The second person familiar with the plans confirmed the presence of several large U.S. chips companies, including Amkor, their Vietnamese partners, such as tech company FPT (FPT.HM), and Vietnamese and U.S. top officials, including Secretary of State Antony Blinken. Chip designing firm Marvell has said it plans to build a "world-class" centre in Vietnam. Vingroup (VIC.HM), Vietnam's largest conglomerate and the parent of Nasdaq-listed electric car maker VinFast , has a unit focussed on AI. Boeing may announce a deal involving the sale of 50 of its 737 MAX jets, people familiar with the matter told Reuters. Reporting by Francesco Guarascio @fraguarascio; additional reporting by Fanny Potkin; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Leah Millis, Antony Blinken, Janet Yellen, Marvell, Francesco Guarascio @fraguarascio, Fanny Potkin, William Mallard Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, Intel, Google, Marvell, Boeing, Reuters, Sunday, Samsung, Qualcomm, Nasdaq, Thomson Locations: Washington , U.S, Rights HANOI, U.S, Hanoi, Vietnam, China, Taiwan
VinFast’s volatile stock has an easy, painful fix
  + stars: | 2023-08-30 | by ( Antony Currie | ) www.reuters.com   time to read: +3 min
On Tuesday the Vietnamese nascent electric-car maker’s shares capped a flighty first fortnight as a publicly traded company by tumbling 44%. Yet the unprofitable manufacturer still sports a racy $107 billion market capitalisation courtesy of the previous eightfold rocketing of its stock since its merger with a blank cheque company in mid-August. Even with the wild swings, the stock trades almost five times higher than what already looked like a punchy valuation when the merger was announced in May. Granted, VinFast might not be desperate for cash – parent Vingroup (VIC.HM) and Vuong injected $2.5 billion in April. Absent a rapid rise in car sales, though, VinFast’s zippy valuation is heading for more crashes anyway.
Persons: Steve Marcus, David Mansfield, Le Thi, , Pham Nhat Vuong, Vuong, it’s, VinFast, Una Galani, Thomas Shum Organizations: VinFast Global, Las Vegas Convention, REUTERS, Rights MELBOURNE, Reuters, VinFast Auto, Finance, Vietnam’s, Ford, GM, Thomson Locations: Las Vegas , Nevada, U.S
The loss-making company was last valued at $32.4 billion, compared to $85 billion in its Wall Street debut on Tuesday. With about 99% of the firm controlled by founder Pham Nhat Vuong, the small amount of publicly available shares makes the stock prone to volatility. Just $28 million worth of its shares had been traded by late morning, compared to $13 billion worth of shares in Tesla (TSLA.O), according to Refinitiv data. That may be a material overhang for VinFast shares for some time to come," Benowitz said. Shares of Vietnam's largest conglomerate and VinFast parent Vingroup (VIC.HM) closed down 7% in Ho Chi Minh trading.
Persons: Mike Blake, Pham Nhat Vuong, Jason Benowitz, Benowitz, Nikola, Medha Singh, Noel Randewich, Arun Koyyur Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S, Reuters, Roosevelt Investment Group, Faraday, Thomson Locations: Los Angeles , California, U.S, Tesla, Vietnam, VinFast, Ho Chi, Bengaluru
Vietnam’s Tesla charges itself up for a big fall
  + stars: | 2023-08-16 | by ( Anshuman Daga | ) www.reuters.com   time to read: +3 min
VinFast (VFS.O) shares leapt 270% on Tuesday following the group’s $27 billion merger with a special purpose acquisition company (SPAC). It catapults the enterprise’s value to $90 billion, a grand outcome only possible because Vuong and related entities still own 99% of the Tesla (TSLA.O) wannabe. The pop values the unprofitable Vietnamese company at 142 times its sales in 2022, some 16 times Tesla’s multiple. VinFast has pushed back plans to operate its $4 billion plant in North Carolina by a year to 2025. Ultimately, VinFast is heavily reliant on Vuong who is betting big on electric vehicles.
Persons: Mike Blake, Pham Nhat Vuong, Rivian, VinFast, topline, David Mansfield, Reuters Breakingviews, Una Galani, Thomas Shum Organizations: Los Angeles Auto, REUTERS, Rights, Reuters, Tesla, Elon Musk’s, P Global Mobility, Nasdaq, Thomson Locations: Los Angeles , California, U.S, North Carolina, Vingroup
A few hours before its Nasdaq debut, VinFast more than doubled its value in premarket trading involving less than 4% of its shares. Nikola now commands a market value of $1.4 billion, versus $13.9 billion before listing while Lucid has a current market value of $15.5 billion, versus $24 billion during its 2021 SPAC deal. It is still unclear how many of the company shares will trade on Tuesday and at what price. VinFast's founder, Vietnam's richest man Pham Nhat Vuong, pledged $2.5 billion in April to bolster the EV maker, including $1 billion from his personal fortune. He is the beneficial owner of 99% of the ordinary shares of the EV maker after the merger.
Persons: Mike Blake, Black Spade, Nikola Corp, Nikola, Lucid, Rivian, Pham Nhat Vuong, VinFast, Phuong Nguyen, Yantoultra, Jaiveer Singh, Francesco Guarascio Organizations: Los Angeles Auto, REUTERS, Nasdaq, Nikola, Tesla Inc, Rivian Automotive Inc, VinFast, P Global Mobility, Investors, Thomson Locations: Los Angeles , California, U.S, HANOI, Dealogic, North Carolina, Vietnam, United States
US brands are testing TikTok's shopping feature that competes with Amazon. TikTok Shops charges lower fees than Amazon, but it requires too many resources from brands. Many big brands are also investing in loyalty programs that don't connect well with social commerce features, she said. He said that his agency has 25 clients that plan to use TikTok Shop, and half of those brands are already live. WPromote's early results show that running TikTok Shop ads are driving sales, Dweck said, though he did not provide specifics.
Persons: TikTok, it's, Rachel Tipograph, they've, Vic Drabicky, Drabicky, Tipograph, Carly Carlson, PMG, Digital's Drabicky, David Dweck, Dweck Organizations: Amazon
HANOI, July 28 (Reuters) - Vietnamese electric vehicle maker VinFast said on Friday it is planning to list in the United States next month via a blank-cheque company after the Securities and Exchange Commission (SEC) gave the go ahead to its proposed business combination. VinFast, a unit of Vietnam's biggest conglomerate Vingroup (VIC.HM), announced in May it would go public through a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co (BSAQ.A). VinFast and Black Spade aim to complete the merger by August, they said in a joint statement. "The declaration of the SEC effectiveness is a significant step towards the successful completion of the business combination between Black Spade and VinFast," Dennis Tam, Chairman and Co-CEO of Black Spade Acquisition Co said. Black Spade is set to hold an extraordinary shareholder meeting to approve the proposed business combination with VinFast, the joint statement said.
Persons: VinFast, Black Spade, Dennis Tam, Phuong Nguyen, Louise Heavens Organizations: Securities and Exchange Commission, SEC, Spade, Thomson Locations: HANOI, United States
Shortly after the verdict, Mr. Spacey walked out of the courthouse — shaking the hands of several jurors on the way and kissing two security guards on the cheek — and gave a brief statement to a throng of waiting reporters. During the almost monthlong trial in London, the court heard from four men who said that Mr. Spacey assaulted them between 2001 and 2013. One complainant told the British police that Mr. Spacey touched him multiple times without his consent. During the trial, Mr. Spacey — who appeared under his full name, Kevin Spacey Fowler — said that the pair had a consensual “naughty relationship.” The actor added that he felt “crushed” by the complainant’s characterization of their encounters. Elton John, giving evidence for Mr. Spacey’s defense, said that Mr. Spacey only attended his ball once, in 2001, several years before the complainant said he was groped.
Persons: Spacey, , , Old, Elton John’s, Ball, Spacey —, Kevin Spacey Fowler —, Elton John Organizations: British Locations: London
London CNN —Oscar-winning actor Kevin Spacey has been cleared of all charges after a four-week trial in London on claims of sexual assault. Spacey thanked the jury after it cleared him following 12 hours and 26 minutes of deliberation across three days. The complainant said that one time, Spacey acted so forcefully it “took his breath away.” Spacey denied this ever happened. Spacey invited him to his London apartment two weeks later and sexually assaulted him, the man alleged. The complainant alleged that he had been drugged by the actor, and said he woke up to Spacey performing a sexual act on him.
Persons: London CNN — Oscar, Kevin Spacey, Spacey, , , Christine Agnew, ” Spacey, Spacey “, Patrick Gibbs KC, Anthony Rapp Organizations: London CNN, Hollywood, Southwark Crown, Old, , Netflix, Media, PA Media Locations: London, Southwark, New York
U.S. actor Kevin Spacey was found not guilty on Wednesday by a jury at a London court of committing historical sex offences against four men. The 64-year-old Oscar-winner was acquitted of nine charges, including sexual assault, causing a person to engage in sexual activity without consent, and causing a person to engage in penetrative sexual activity. Spacey began to cry in the dock when the not guilty verdicts were returned by the jury. During the four-week trial at Southwark Crown Court, jurors were told by prosecutors that the actor had aggressively groped three of the men in incidents between 2004 and 2013 in Britain, when he was working at London's Old Vic theatre. The fourth said Spacey performed oral sex on him while he was passed out in the Hollywood star's London apartment.
Persons: Kevin Spacey, Oscar, Spacey Organizations: Southwark Crown, London's Old, Hollywood Locations: Southwark, Britain, London
Spacey, tried under his full name Kevin Spacey Fowler, said in evidence that the case against him was weak, and that the incidents, if they had occurred at all, were consensual. [1/4]Actor Kevin Spacey leaves Southwark Crown Court after he was found not guilty on charges related to allegations of sexual offenses, in London, Britain, July 26, 2023. Spacey became one of several prominent names in entertainment to face allegations of sexual misconduct during the #MeToo movement. The court also heard evidence from singer Elton John and his husband David Furnish, who gave evidence by videolink from Monaco as part of Spacey's defence. Reporting by Michael Holden and Sam Tobin; editing by Kate Holton, Christina Fincher and Nick MacfieOur Standards: The Thomson Reuters Trust Principles.
Persons: Spacey, Kevin Spacey, Oscar, Kevin, Kevin Spacey Fowler, Susannah Ireland Spacey, Anthony Rapp, Buzzfeed, Rapp, Vic, Val Kilmer, Judi Dench, Elton John, David, videolink, Patrick Gibbs, Michael Holden, Sam Tobin, Kate Holton, Christina Fincher, Nick Macfie Organizations: London's Old, Southwark Crown, REUTERS, WORLD, Thomson Locations: London, Southwark, Spacey's London, Britain, U.S, Monaco
LONDON, July 24 (Reuters) - The jury in U.S. actor Kevin Spacey's sexual assault trial in London retired to consider their verdicts on Monday. Spacey, 63, is standing trial at Southwark Crown Court on nine charges of sexual offences against four men between 2004 and 2013 in Britain, where he worked from 2003 as artistic director of London's Old Vic theatre. Three of the four accusers have said Spacey aggressively groped them. The fourth says Spacey sexually assaulted him and then performed oral sex on him while he was passed out in Spacey's flat. Spacey has pleaded not guilty to all the charges and suggested in evidence that his accusers were either lying or reimagining consensual sexual encounters.
Persons: Kevin Spacey's, Spacey, London's, groped, Mark Wall, Sam Tobin, Michael Holden Organizations: Southwark Crown, Thomson Locations: London, Southwark, Britain
HANOI, July 19 (Reuters) - Vietnamese automaker VinFast said on Wednesday it would start construction of a $4 billion electric vehicle factory in North Carolina next week as part of its push to expand in the United States market. The unit of Vietnam's largest conglomerate Vingroup (VIC.HM), which began operations in 2019, announced plans for the U.S. factory last year. It is targeting the start of production in 2025, a year later than its initial plan. "When it begins operations, the factory will be VinFast's primary supplier of electric vehicles to the North American market," said Thuy Le, head of VinFast Auto. The project's first phase includes a $2 billion investment in a factory capable of producing 150,000 vehicles a year.
Persons: VinFast, Thuy Le, Tesla, China's, Vinfast, Phuong Nguyen, Jamie Freed Organizations: U.S, North, VinFast Auto, Spade, Thomson Locations: HANOI, North Carolina, United States, North American, California
[1/3] Actor Kevin Spacey walks outside Southwark Crown Court, as his trial over charges related to allegations of sex offences continues, in London, Britain, July 14, 2023. REUTERS/Hollie Adams/File PhotoLONDON, July 17 (Reuters) - Singer Elton John appeared by videolink in a London court on Monday to give evidence at Oscar-winning actor Kevin Spacey's sexual assault trial. Spacey, 63, has pleaded not guilty at London's Southwark Crown Court to 12 charges of sexual offences allegedly committed against four men in Britain between 2001 and 2013. The two-time Academy Award winner on Monday called John as a witness, with the British singer appearing by videolink from Monaco. Furnish told the court he remembered asking the complainant "how is the most handsome driver in London?
Persons: Kevin Spacey, Hollie Adams, Singer Elton John, videolink, Kevin Spacey's, Spacey, groped, John, Christine Agnew, John's, David, Sam Tobin, Michael Holden, Alex Richardson Organizations: Southwark Crown, REUTERS, Old, Thomson Locations: Southwark, London, Britain, London's Southwark, British, Monaco, Windsor
Agnew suggested to Spacey that grabbing men by the crotch was "your MO, this is your trademark and this is what you do". 'ABSOLUTE BOLLOCKS'Agnew earlier asked Spacey about a complainant who alleges Spacey painfully grabbed his crotch like "a cobra" in the mid-2000s. Spacey asked: "Did he accuse me of grabbing his bollocks?" Spacey replied: "Money, money and then money." Spacey described his encounters with two of the other complainants as "consensual interactions", adding: "If they went further than they wanted, they didn't tell me."
Persons: Spacey, Kevin Spacey, groped, Christine Agnew, Agnew, Sam Tobin, Mark Heinrich Our Organizations: Old, Thomson Locations: London's Southwark, Britain, London, American, Oxford, England
CNN —Oscar-winning actor Kevin Spacey told a court in London Thursday in his ongoing sexual assault trial that he touched the complainant – who is one of four men who made allegations against the actor – in a “romantic and intimate” way. “He was funny and charming and flirtatious; over time we began … I’m assuming it was me … began to touch him in more romantic and intimate ways,” Spacey told London’s Southwark Crown Court. They include three counts of indecent assault, seven of sexual assault, one of causing a person to engage in sexual activity without consent, and one of causing a person to engage in penetrative sexual activity without consent. Court artist sketch by Elizabeth Cook of actor Kevin Spacey giving evidence at Southwark Crown Court, London. “I never thought that the (man) I knew would, I don’t know, 20 years later stab me in the back,” he said.
Persons: CNN — Oscar, Kevin Spacey, , , ” Spacey, London’s, Spacey, Elizabeth Cook, , Organizations: CNN, Hollywood, London’s, Southwark Crown, Prosecutors, UK’s Press Association Locations: London, London’s Southwark, Southwark
Kevin Spacey told a British jury on Thursday that he was “a big flirt” who had what he characterized as gentle, touching and romantic encounters with a man who accused him of sexual assault. He always respected the man’s boundaries, Mr. Spacey said, adding that he felt “crushed” when the man accused him of assault. Mr. Spacey, 63, has pleaded not guilty to 12 charges relating to incidents that the prosecution says involved four men and occurred from 2001 to 2013. For most of that time, Mr. Spacey was the artistic director of the Old Vic theater in London. Sitting at the front of a courtroom at Southwark Crown Court and facing the jury, Mr. Spacey — who was wearing a gray suit, and light blue tie — was calm and occasionally joked with his legal representative, Patrick Gibbs.
Persons: Kevin Spacey, , Spacey, , Tony, Old, Spacey —, Patrick Gibbs Organizations: Southwark Crown Locations: London, Southwark
[1/2] Actor Kevin Spacey walks outside the Southwark Crown Court on the day of his trial over charges related to allegations of sex offences, in London, Britain, June 30, 2023. REUTERS/Toby MelvilleSummary Actor Kevin Spacey charged with 12 sex offencesOscar-winner denies all accusationsAlleged victim says he felt ashamedLONDON, July 3 (Reuters) - An alleged sex assault victim of Kevin Spacey said the "slippery" Hollywood actor had tried to "groom" him, and the repeated groping assaults had left him feeling physically sick, a London court heard on Monday. On Monday, the court was shown a recorded police interview with the first of the alleged victims. Describing himself a "man's man", the accuser recounted that he had threatened to knock the actor out if he did it again, to which Spacey had replied "that's such a turn on to me". The man replied he might have got the dates wrong as it had been so long ago.
Persons: Kevin Spacey, Toby Melville, Spacey, Patrick Gibbs, feely, Elton John, Oscar, Gibbs, Michael Holden, William Maclean Organizations: Southwark Crown, REUTERS, London Old Vic, Thomson Locations: Southwark, London, Britain
Opening the prosecution case at London's Southwark Crown Court, lawyer Christine Agnew told the jury the "predatory" Spacey was not just an extremely famous actor who had won a number of awards but "a man who sexually assaults other men". "A man who does not respect personal boundaries or space, a man who it would seem delights in making others feel powerless and uncomfortable – a sexual bully," Agnew said. Spacey, who is being tried under his full name Kevin Spacey Fowler, watched proceedings from the dock, wearing a grey suit, a gold-coloured tie and glasses. "Each of these allegations of non-consensual sexual conduct is completely denied," his lawyer Patrick Gibbs said. Actor Kevin Spacey looks on outside the Southwark Crown Court on the day of his trial over charges related to allegations of sex offences, in London, Britain, June 30, 2023.
Persons: Spacey, Kevin Spacey, Oscar, Christine Agnew, Agnew, Kevin Spacey Fowler, Patrick Gibbs, Mr Spacey, Toby Melville, Mr Spacey Fowler, Gibbs, Michael Holden, Angus MacSwan Organizations: LONDON, London's Southwark Crown, Southwark Crown, REUTERS, Old, Thomson Locations: British, London's Southwark, Southwark, London, Britain
The actor Kevin Spacey is “a sexual bully” who “delights in making others feel powerless and uncomfortable,” a prosecutor told a British jury on Friday. Speaking at Southwark Crown Court, the prosecutor, Christine Agnew, outlined her case against the Academy Award-winning actor, who is on trial in London facing multiple charges of sexual assault. The actor “abused the power and influence that his reputation and fame afforded him" to take “who he wanted, when he wanted,” Ms. Agnew said. Mr. Spacey has pleaded not guilty to all charges. For much of that period, Mr. Spacey was the artistic director of the Old Vic theater in London.
Persons: Kevin Spacey, , Christine Agnew, Agnew, , Spacey, Ms, Old Organizations: Southwark Crown, Academy Locations: Southwark, London
CNN —Oscar-winning actor Kevin Spacey is “a sexual bully” and “a man who sexually assaults other men,” a British prosecutor alleged Friday at the start of a sexual assault trial in which he is charged with 12 offenses against four men. Prosecutor Christine Agnew told jurors at London’s Southwark Crown Court that “House of Cards” actor Spacey, 63, is “a man who it would seem delights in making others feel powerless and uncomfortable, a sexual bully,” the PA Media news agency reported. Spacey was charged last year. Jurors were selected for the trial on Wednesday, and were then dismissed until Friday. The charges relate to alleged incidents in and around London in the 2000s and early 2010s, during the 12-year period in which Spacey served as artistic director at London’s Old Vic theater.
Persons: CNN — Oscar, Kevin Spacey, , Christine Agnew, Spacey, Agnew, “ Spacey, , Anthony Rapp Organizations: CNN, London’s, London’s Southwark Crown, Media, London’s Metropolitan Police, , Netflix Locations: London’s Southwark, London, New York
Kevin Spacey arrives at London court for sex offence trial
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 28 (Reuters) - Oscar-winning actor Kevin Spacey arrived at a London court on Wednesday for the start of his four-week trial on a dozen sex offence charges. Spacey, 63, denies allegations of historic offences committed against four men which are said to have taken place between 2001 and 2013. The charges against Spacey include indecent and sexual assaults and a more serious offence of causing a person to engage in penetrative sexual activity without consent, which carries a maximum punishment of life imprisonment. Last November the Crown Prosecution Service authorised a further seven charges involving sex assaults on one man between 2001 and 2004. Spacey, once one of Hollywood's biggest stars, has largely disappeared from public view since being accused of sexual misconduct six years ago.
Persons: Kevin Spacey, Spacey, Michael Holden, Mark Heinrich, Christina Fincher Organizations: London's, Prosecution Service, Thomson Locations: London's Southwark, London, Gloucestershire, England, United States, Manhattan
When the anthology film “Twilight Zone: The Movie” opened on June 24, 1983, reviews were mixed; The New York Times’s Vincent Canby deemed it “a flabby, mini-minded behemoth,” and that was a fairly representative view. Chased by a military helicopter, Morrow’s character was to carry two Vietnamese children across a river to safety as a village exploded behind them. But the sequence was poorly planned and barely rehearsed, and the explosions damaged the rotor blades of the chopper, causing the pilot to lose control. As investigators examined the crash, they discovered that the children’s mere presence on the set had been illegal. A production secretary recalled Landis joking of the scheme, “We’re all going to jail!”
Persons: York Times’s Vincent Canby, John Landis, Vic Morrow, , dismembering Morrow, Myca Dinh Le, Renee Shin, Yi Chen, Renee Shinn Chen, Landis, George Folsey Jr Organizations: Klan Locations: York, Nazi Germany, Vietnam
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