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☆ Former Canadian fashion mogul Peter Nygard guilty of four counts of sexual assault, CBC reports
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

The name of fashion executive and designer Peter Nygard is illuminated on a flagship store he once owned in Winnipeg, Manitoba, Canada December 15, 2020. REUTERS/Shannon VanRaes Acquire Licensing RightsNov 12 (Reuters) - Former Canadian fashion mogul Peter Nygard was found guilty of four counts of sexual assault by a Toronto jury on Sunday, according to CBC News. Nygard, 82, was on trial in the Ontario Superior Court for five counts of sexual assault and one count of forcible confinement charges linked to incidents between the 1980s and mid-2000s. He was acquitted of a fifth count of sexual assault and one count of forcible confinement. Nygard also faces charges of sexual assault and forcible confinement in Manitoba and Quebec.

Persons: Peter Nygard, Shannon VanRaes, Nygard, gratify, Nia Williams, Ismail Shakil, Andrea Ricci, Lisa Shumaker Organizations: REUTERS, CBC News, Ontario Superior Court, Canadian, Toronto, Thomson Locations: Winnipeg , Manitoba, Canada, Canadian, Toronto, Ontario, United States, Manitoba, Quebec, New York, Finland

Visitors stand in front of the plane Boeing 777X during the Dubai Airshow, in Dubai, United Arab Emirates, November 14, 2021. Emirates is the world's largest user of wide-body jets, including Airbus A380 superjumbos and current-generation Boeing 777s. Turkish Airlines (THY) (THYAO.IS) burst onto the show's agenda on Saturday with word from state-run Anadolu news agency that it was in talks to buy up to 355 Airbus jets. Following more talks, industry sources said the airline could announce at least part of the deal on Monday. However, speculation of a large Dubai order for narrowbody jets from the region's newest player, Saudi Arabia's Riyadh Air, as early as Dubai is premature, other sources said.

Persons: Rula, flyDubai, jockeying, ForwardKeys, there's, Daniel Silke, Tim Hepher, Alexander Cornwell, Pesha, Hugh Lawson, Lisa Shumaker Organizations: Boeing, Dubai Airshow, United Arab Emirates, REUTERS, Rights, Turkish Airlines, Hosts Emirates, Emirates, Airbus, Industry, Anadolu, Aviation, Dubai, Cape, Consultancy, rearm, Russia, Thomson Locations: Dubai, United Arab, Rights DUBAI, Emirates, Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine

Former U.S. President Donald Trump speaks on the day he attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023. Engoron is unlikely to grant the request as he has already found that Trump and 10 of his businesses committed persistent fraud. However, Engoron's ruling covered only one of the seven fraud counts Trump faces. Trump, the frontrunner for the 2024 Republican presidential nomination, has testified along with his sons Donald Jr. and Eric Trump and daughter Ivanka Trump. The fraud trial is one of several legal battles Trump faces as he mounts a comeback bid for the White House.

Persons: Donald Trump, Shannon Stapleton, Donald Trump’s, Trump, Letitia James, Arthur Engoron, Donald Jr, Eric Trump, Ivanka Trump, James, Christopher Kise, There's, ” Kise, Engoron, they’re, Kise, Jack Queen, Luc Cohen, Jonathan Stempel, Andy Sullivan, Noeleen Waldeer, Lisa Shumaker, Alistair Bell Organizations: U.S, Trump Organization, Court, REUTERS, New, New York, Trump, White, Republican, Thomson Locations: New York, Manhattan, New York City, U.S, York

Industrial and Commercial Bank of China Ltd (ICBC)'s logo is seen at its branch in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsCompanies Industrial and Commercial Bank of China Ltd FollowNov 9 (Reuters) - A ransomware attack on Industrial and Commercial Bank of China (ICBC) disrupted some trades in the U.S. Treasury market on Thursday, the Treasury Department said. In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them. The Financial Times reported earlier on Thursday that the U.S. Securities Industry and Financial Markets Association (SIFMA) told members that ICBC (601398.SS) had been hit by ransomware that disrupted the U.S. Treasury market by preventing it from settling trades on behalf of other market players. We continue to monitor the situation," a Treasury spokesperson said in a response to a question about the FT report.

Persons: Kim Kyung, Urvi, Pete Schroder, Zeba Siddiqui, Alexander Smith, Michelle Price, Lisa Shumaker Organizations: Commercial Bank of China Ltd, REUTERS, Industrial, Commercial Bank of China, U.S . Treasury, Treasury Department, Financial Times, U.S . Securities Industry, Financial Markets Association, Treasury, Thomson Locations: Beijing, China, U.S, Bengaluru, Washington

[1/2] A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. The U.S. banking sector was in turmoil in the spring as Silicon Valley Bank abruptly collapsed after grappling with large amounts of unrealized losses spurred by rapidly rising interest rates. She said reinflation was a risk, especially if banks do not correctly anticipate interest rate moves and adjust their portfolios appropriately. That led to unrealized losses across the sector coming under closer scrutiny. Global banking and securities regulators are also still grappling with the fallout from the collapse of Credit Suisse Group (CSGC.UL).

Persons: Sarah Silbiger, Ana Arsov, Arsov, reinflation, ” Arsov, Tim Wennes, Paul Servais, Paritosh Bansal Tatiana Bautzer, Megan Davies, Lisa Shumaker, David Gregorio Our Organizations: El Progreso Market, Washington , D.C, REUTERS, Reuters, Banco Santander, Global, Credit Suisse Group, UBS, Jean, International Organization of Securities Commissions, Financial, Swiss, Thomson Locations: Mount Pleasant, Washington ,, U.S, SVB

☆ Santander's Botin targets auto finance, renewables in U.S. banking push
▼ + stars: | 2023-11-09 | by ( Alessandra Galloni | ) www.reuters.com time to read: +2 min

"Our strategy is very focused on playing to our strengths," she said in an interview at the Reuters NEXT conference in New York. As part of efforts to grow the unit, the Spanish bank is hiring staff from the stricken Credit Suisse. "All we are saying is, in terms of taxes, in terms of transparency, let's have the same," Botin said. "I'd love to compete with Apple as long as we are competing on same terms," she said. Santander is investing in its payments business PagoNxt as one of five key business areas, competing with the likes of Apple Pay.

Persons: Ana Botin, Alessandra Galloni, Brendan McDermid, Botin, Lananh Nguyen, Saeed Azhar, Lawrence White, Mark Porter, Lisa Shumaker Organizations: Banco Santander, Reuters NEXT, Santander, Suisse, Reuters, REUTERS, Apple Inc, Apple, Apple Pay, reuters, Thomson Locations: U.S, New York, Spanish, Santander, New York City , New York

☆ Drone, explosive attacks target US forces across Iraq
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +3 min

There had been four attacks against U.S. troops in Iraq and Syria in the past 24 hours, a separate U.S. official said, speaking on the condition of anonymity. The security sources said the patrol was accompanied by Iraqi counter-terrorism forces and that a vehicle in the patrol was damaged. A drone was also launched at al-Harir air base in Erbil which house U.S. and international forces but was downed before reaching its target, security sources said. It added that the base had been evacuated of U.S.-led coalition forces on Oct. 20. The U.S. military official said they "don't have any updates regarding adjustments in force posture throughout Iraq and Syria."

Persons: Kamal Ayash, Jamal al, Ahmed Rasheed, Timour, Idrees Ali, Timour Azhari, Mark Heinrich, Lisa Shumaker Organizations: U.S, Federal Iraqi, Pentagon, United, Thomson Locations: MOSUL, Iraq, U.S, Israel, Syria, Mosul, Ain, Asad, Baghdad, Erbil, Gaza, Iran, Tehran, Iranian, United States, Anbar, Badrani, Washington

☆ Crypto lender Celsius Network cleared to exit bankruptcy
▼ + stars: | 2023-11-09 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Nov 9 (Reuters) - Crypto lender Celsius Network received U.S. bankruptcy court approval for a restructuring plan that will return cryptocurrency to customers and create a new company owned by Celsius creditors. Crypto lenders BlockFi and Voyager Digital were wiped out in bankruptcy, and cryptocurrency exchange FTX remains stuck in Chapter 11 proceedings. In addition to their stake in the new company, Celsius customers will receive a partial repayment of the cryptocurrency assets they deposited on the platform. Celsius had 600,000 customers who held about $4.4 billion in interest-bearing Celsius accounts when it filed for bankruptcy, according to court documents. The restructuring plan includes a settlement that values Celsius's proprietary crypto token, CEL, at 25 cents.

Persons: Dado Ruvic, Martin Glenn, Michael Arrington, BlockFi, Arrington, Alex Mashinsky, Mashinsky, Dietrich Knauth, Alexia Garamfalvi, Lisa Shumaker, Bill Berkrot Organizations: REUTERS, Bankruptcy, LLC, Arrington Capital, Voyager, Nasdaq, Thomson Locations: Manhattan, New Jersey, New York

☆ US carries out new strikes against facility used by Iran in Syria
▼ + stars: | 2023-11-08 | by ( Idrees Ali | Thomson Reuters | National Security Correspondent Focusing On The Pentagon In Washington D.C. Reports On U.S. Military Activity | ) www.reuters.com time to read: +2 min

REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsWASHINGTON, Nov 8 (Reuters) - The United States, for the second time in recent weeks, carried out strikes on Wednesday against a weapon storage facility in eastern Syria that the Pentagon said was used by Iran's Islamic Revolutionary Guard Corps (IRGC) and affiliated groups. As tensions soar over the Israel-Hamas conflict, U.S. and coalition troops have been attacked at least 40 times in Iraq and Syria by Iran-backed forces since the start of October. The United States has occasionally carried out retaliatory strikes against Iranian-backed forces in the region after they attack American forces. On Oct. 26, U.S. forces attacked two facilities used by the IRGC and groups its backs. The United States has sent warships and fighter aircraft to the region since the Israel-Hamas conflict erupted on Oct. 7, including two aircraft carriers, to try to deter Iran and Iran-backed groups.

Persons: Lloyd Austin, Ints, Austin, Idrees Ali, Chris Reese, Lisa Shumaker, Sandra Maler Organizations: Defense, REUTERS, Rights, Pentagon, Islamic Revolutionary Guard Corps, . Defense, U.S, United, Reuters, Thomson Locations: Riga, Latvia, United States, Syria, Israel, U.S, Iraq, Iran, State, East, Yemen

[1/2] Artificial Intelligence words are seen in this illustration taken March 31, 2023. Companies are increasingly using AI to make decisions including about pricing, which could lead to discriminatory outcomes, experts warned at the conference. “We should not underestimate how powerful these models are now and how rapidly they are going to get more powerful,” he said. Developing ever-more powerful AI will also risk eliminating jobs to a point where it may be impossible for humans to simply learn new skills and enter other industries. “Once that happens, I fear that it's not going to be so easy to go back to AI being a tool and AI as something that empowers people.

Persons: Dado Ruvic, ” Gary Marcus, Marcus, Marta Tellado, Anthony Aguirre, ”, –, Anna Tong, Lisa Shumaker Organizations: REUTERS, Reuters NEXT, New York University, Companies, Consumer, Life Institute, Reuters, reuters, Thomson Locations: New York, San Francisco

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 8 (Reuters) - Semiconductor company Arm Holdings (O9Ty.F), on Wednesday gave a fiscal third-quarter sales outlook below Wall Street estimates, with the company attributing the forecast to a large deal that will likely land later than expected. Arm became publicly listed again in September after Japan's SoftBank Group (9984.T), which still owns more than 90% of Arm, sold off some of its shares. For the current fiscal third quarter, Arm expects a revenue range with a midpoint of $760 million, below analyst estimates of $767.84 million, according to LSEG data. Arm said that royalty revenue for the fiscal second quarter declined to $418 million, below analyst expectations of $420.3 million, according to data from Visible Alpha. Child told Reuters that Arm's second quarter royalty revenues still reflected a chip glut that affected the chip industry broadly.

Persons: Dado Ruvic, Japan's, Ben Bajarin, Jason Child, Child, Stephen Nellis, Max A, Yuvraj Malik, Aurora Ellis, Lisa Shumaker Organizations: REUTERS, - Semiconductor, Arm Holdings, Wednesday, Analysts, Creative, Reuters, Nvidia, Intel, Alpha, Thomson Locations: San Francisco, Bengaluru

☆ Amazon cuts jobs in music streaming unit
▼ + stars: | 2023-11-08 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +2 min

The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. Employees in Latin America, North America and Europe received notices that their jobs had been eliminated Wednesday, according to people familiar with the matter. “Some roles have been eliminated on the Amazon Music team. Amazon has been quietly trimming jobs, including communications staff in its Studios, Video and Music divisions last month. Amazon Music, which also includes podcasts, competes with Spotify , Pandora, Alphabet’s (GOOGL.O) Google and Apple (AAPL.O) in offering unlimited music streaming services for a fee.

Persons: Brendan McDermid, Greg Bensinger, Peter Henderson, Lisa Shumaker Organizations: Amazon, REUTERS, Employees, Reuters, Amazon Music, Studios, Spotify, Google, Apple, Thomson Locations: New York City, U.S, Latin America, North America, Europe, Washington, California, New York

☆ Exclusive: EU to ask YouTube, TikTok for details on measures protecting minors
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: 1 min

BRUSSELS, Nov 8 (Reuters) - Google’s (GOOGL.O) YouTube and TikTok will be asked by EU industry chief Thierry Breton to provide information on how they comply with new EU online content rules regarding the protection of children, a person with direct knowledge of the matter told Reuters on Wednesday. Breton will send his request to the companies on Friday, the source added. The new EU rules known as the Digital Services Act (DSA) requires Big Tech to do more to fight harmful and illegal online content, especially content that targets minors. The DSA also forces the companies to be more transparent on their algorithmic processes, bots and targeted advertisements that amplify content and do more to tackle illegal, unsafe or counterfeit products sold on their platforms. Reporting by Foo Yun Chee; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Thierry Breton, Breton, Foo Yun Chee, Lisa Shumaker Organizations: YouTube, Reuters, EU, Digital Services, Big Tech, DSA, Thomson Locations: BRUSSELS

Brazil's Federal Police said in a statement they arrested two people, who they did not name, on terrorism charges in Sao Paulo. They also carried out search and seizure warrants in Sao Paulo, Brasilia and Minas Gerais states. Mossad thanked Brazilian security services for their role in helping to thwart the attack. Mossad said the "terrorist cell ... was operated by Hezbollah in order to carry out an attack on Israeli and Jewish targets in Brazil." Since the Oct. 7 attack, Hezbollah has been engaging Israeli forces along the border, in the deadliest escalation since it fought a war with Israel in 2006.

Persons: Benjamin Netanyahu's, Ricardo Berkiensztat, Jair Bolsonaro, Rodrigo Viga Gaier, Gabriel Stargardter, Steven Grattan, Lisandra, James Mackenzie, Lisa Shumaker Organizations: RIO DE, Hezbollah, Brazil's Federal Police, Islamic State, U.S . FBI, U.S . Treasury, Triple, Federal Police, Reuters, Jewish Federation of, State of, Iran's, Guards, Thomson Locations: RIO DE JANEIRO, Brazil, Iran, Sao Paulo, Brasilia, Minas Gerais, Lebanon, al Qaeda, Argentina, Paraguay, Israel, Gaza, State, State of Sao Paulo, Britain, Canada, Germany, Honduras, United States, U.S, Gulf, Jerusalem

☆ US presidential race: What are the key dates?
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

- Nov. 30: Florida Governor Ron DeSantis, who is seeking the Republican presidential nomination, and California Governor Gavin Newsom, a Democrat who is seen as a future presidential candidate, will debate each other on Fox News. - Jan. 23: Tentative date of the first Republican presidential primary election, to be held in New Hampshire. - Feb. 3: First Democratic presidential primary, to be held in South Carolina. Democrats in Utah will also vote in their primary while Republicans hold their caucuses in the state. - June 4: The final states to hold their presidential primaries are scheduled to do so on this date.

Persons: Brendan McDermid, Joe Biden, Donald Trump, Ron DeSantis, Gavin Newsom, Nikki Haley, Tim Scott, Biden's, whittle, Costas Pitas, Jonathan Oatis, Lisa Shumaker Organizations: REUTERS, Republican, Democratic Party, NBC News, Democrat, Fox News, Democratic, Democratic National Committee, , New, , New Hampshire Democrats, Republicans, South Carolina Republican, Republican National Convention, Democratic National Convention, Thomson Locations: Brooklyn , New York, U.S, Miami, Florida, California, Alabama, Iowa, New Hampshire, South Carolina, Nevada, ,, , New Hampshire, Michigan, Alabama , Arkansas , California , Colorado , Maine , Massachusetts, Minnesota, North Carolina , Oklahoma , Tennessee , Texas , Vermont, Virginia, Utah, Alaska, Georgia , Mississippi, Washington, Hawaii, Arizona , Florida , Illinois , Kansas, Ohio, Milwaukee, Chicago

Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023. Trump's testimony wrapped up in midafternoon. Over roughly four hours on the witness stand, Trump often avoided direct answers, instead bragging about his properties and his wealth. New York state lawyers said in their lawsuit that the estimates misled lenders and insurers, earning him more than $100 million and exaggerating his wealth by $2 billion. At one point when Trump was on the stand, Engoron asked Kise to take Trump to the back of the courtroom and "explain the rules."

Persons: Donald Trump, Eduardo Munoz, Arthur Engoron, Trump, Engoron, Christopher Kise, Ivanka, Letitia James, Alina Habba, I've, James, Kise, Eric, Donald Jr, Michael Cohen, Trump's, Jack Queen, Luc Cohen, Andy Sullivan, Scott Malone, Lisa Shumaker, Grant McCool Organizations: U.S, Trump Organization, Court, REUTERS Acquire, Companies Trump Organization, Trump, Republican, New, Deutsche Bank, Mar, Thomson Locations: New York, Manhattan, New York City, U.S, midafternoon, Doral, Florida, Springs, United States

[1/10] Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023. You’ve made it important, but it wasn’t," Trump said of the estimates. New York state lawyers argued in their lawsuit that the estimates misled lenders and insurers, earning him $100 million and exaggerating his wealth by $2 billion. Trump's crowded legal calendar threatens to take him off the campaign trail for much of next year. The trial was originally scheduled to run through early December but could wrap up sooner as the state calls its final witnesses this week.

Persons: Donald Trump, David Dee Delgado, Trump, Judge Arthur Engoron, Engoron, Letitia James, “ I’m, Trump's, Mr Kise, Christopher Kise, James, Eric, Donald Jr, Michael Cohen, Ivanka, Jack Queen, Luc Cohen, Andy Sullivan, Scott Malone, Lisa Shumaker, Grant McCool Organizations: U.S, Trump Organization, Court, REUTERS Acquire, New York, Trump, New York Democrats, Republican, Thomson Locations: New York, Manhattan, New York City, U.S, Doral, Florida, York, Lago, glower, New

☆ Jordan open to 'all options' as Gaza conflict intensifies
▼ + stars: | 2023-11-06 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +4 min

Jordan also announced last week that Israel's ambassador, who left Amman shortly after Hamas' attack, would not be allowed to come back, effectively declaring him persona non grata. "All options are on the table for Jordan in our dealing with the Israeli aggression on Gaza and its repercussions," Khasawneh, whose country signed a peace treaty with Israel in 1994, told state media. Khasawneh said Israel's siege of the densely populated Gaza was not self-defence as it maintains. Jordan is reviewing its economic, security and political ties with Israel and may freeze or revoke parts of its peace treaty if the Gaza conflict worsens, diplomats familiar with Jordanian thinking said. The Israel-Hamas war has reawakened long-standing fears in Jordan, home to a large population of Palestinian refugees and their descendants.

Persons: Bisher, Najib Mikati, Mohamed Azakir, Jordan, Bisher al Khasawneh, Khasawneh, Israel, King Abdullah, Jens Stoltenberg, Ayman Safadi, Safadi, Jordan's, Antony Blinken, William Burns, Suleiman Al, Khalidi, Mark Heinrich, Lisa Shumaker, Jonathan Oatis Organizations: Jordanian, Lebanese, REUTERS, Rights, Jordan, West Bank, NATO, U.S, CIA, Thomson Locations: Beirut, Lebanon, Rights AMMAN, Gaza, Israel, Amman, Jordan, Palestine, Brussels, Jerusalem, Jordanian, U.S

☆ EU proposal may accelerate pharma innovation decline, industry group says
▼ + stars: | 2023-11-06 | by ( Julia Payne | ) www.reuters.com time to read: +3 min

"Any changes to our incentives system would equally affect EU-based and foreign-based companies which bring medicines to the EU and, therefore, it would not put EU firms at a disadvantage," an EU Commission spokesperson said. Medication was the single biggest contributor to the EU’s trade surplus, with 235 billion euro ($252.13 billion) worth of exports in 2021. The EFPIA said small biotech companies have already moved to the United States and China. The Commission said its proposal would reduce new medicine approval times to 180 days from 400 days. Germany, Belgium and France would be the hardest hit by the proposed rules, the EFPIA said citing research by Dolon that it commissioned.

Persons: EFPIA, Lars Fruergaard Jorgensen, Jorgensen, Ozempic, " Jorgensen, Julia Payne, Lisa Shumaker Organizations: European Commission, European Federation of Pharmaceutical Industries, EU, Commission, Novo Nordisk, Thomson Locations: BRUSSELS, United States, China, Danish, Boston, U.S, Europe, EU, Germany, Belgium, France

[1/2] Republican U.S. presidential candidate Florida Governor Ron DeSantis and Iowa Governor Kim Reynolds display "Get Shit Done" mugs during a "Fair-Side Chat" at the Iowa State Fair in Des Moines, Iowa, U.S., August 12, 2023. REUTERS/Evelyn Hockstein Acquire Licensing RightsWASHINGTON, Nov 5 (Reuters) - Iowa Governor Kim Reynolds will endorse Florida Governor Ron DeSantis's bid to be the Republican nominee in the 2024 presidential race on Monday, according to a source familiar with the matter. An endorsement from Reynolds could be a critical boost for DeSantis, who has fallen far behind former President Donald Trump in the race for the 2024 Republican presidential nomination. The DeSantis campaign and Reynolds's office did not respond to requests for comment. Reynolds will appear at a DeSantis rally in Des Moines, Iowa, on Monday at 6 p.m.

Persons: Ron DeSantis, Kim Reynolds, Evelyn Hockstein, Ron DeSantis's, Reynolds, Donald Trump, DeSantis, Trump, Pete Schroeder, Gram Slattery, Lisa Shumaker Organizations: Republican U.S, Florida, Iowa, Fair, REUTERS, Rights, Republican, DeSantis, NBC News, Trump, NBC, Thomson Locations: Iowa, Des Moines , Iowa, U.S

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNEW YORK, Nov 2 (Reuters) - Amazon.com Inc (AMZN.O) punished its own sellers to limit Walmart's reach as Walmart got into e-commerce, according to the Federal Trade Commission (FTC). Like Amazon, Walmart operates a third-party online marketplace, with merchandise from thousands of independent sellers. This, Amazon realized, could result in sellers passing on those savings to customers, the FTC said. To hamstring Jet.com, Amazon removed some third-party sellers' offers from its Buy Box. Amazon spokesperson Tim Doyle said the FTC "grossly mischaracterizes" the pricing tool and the company stopped using it several years ago.

Persons: Gonzalo Fuentes, it's, Burt Flickinger, Jet.com, Tim Doyle, Siddharth Cavale, Vanessa O'Connell, Lisa Shumaker Organizations: Viva Technology, Porte de, REUTERS, Amazon.com Inc, Walmart, Federal Trade Commission, Jet.com, Amazon, FTC, Jet, Thomson Locations: Paris, France, New York

☆ At NY trial, Eric and Donald Trump Jr say they were not aware of fraud
▼ + stars: | 2023-11-02 | by ( Jack Queen | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 2 (Reuters) - Eric Trump and Donald Trump Jr. both testified on Thursday that they had no involvement with documents that a judge has ruled were fraudulently manipulated to inflate the value of their father Donald Trump's business. Donald Jr. blamed accountants, both inside and outside the company. [1/2]Former U.S. President Donald Trump's son and co-defendant Donald Trump Jr. leaves after attending the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 2, 2023. James is seeking at least $250 million in damages, as well as a permanent ban on Trump, Donald Jr. and Eric from running businesses in the state. The trial is one of many legal troubles Trump must contend with as he campaigns to regain the presidency.

Persons: Eric Trump, Donald Trump Jr, Donald Trump's, Trump, Andrew Amer, Donald Jr, Judge Arthur Engoron, Michael Cohen, Brendan McDermid, Engoron, Letitia James, Hunt, Ivanka, Joe Biden, James, Eric, glowering, Jack Queen, Andy Sullivan, Scott Malone, Will Dunham, Lisa Shumaker, Jonathan Oatis Organizations: Trump, U.S, Trump Organization, Court, REUTERS, New York, Republican, Democratic, Thomson Locations: New York, Springs, New York City, Manhattan, U.S, Washington

WASHINGTON, Nov 1 (Reuters) - A vote to expel Republican lawmaker George Santos from the U.S. House of Representatives failed on Wednesday when fewer than two-thirds of the chamber supported the resolution, preserving Republicans' narrow 221-212 majority. The former treasurer for Santos' campaign pleaded guilty on Oct. 5 to a conspiracy charge for inflating fundraising numbers. Republican lawmakers from Santos' state of New York said last month they would introduce a resolution to expel Santos, but the move was delayed by weeks when the House was leaderless following the ouster of Speaker Kevin McCarthy. [1/4]U.S. Rep. George Santos (R-NY) reacts after his Congressional colleagues voted not to expel him from the House, after he was indicted on 23 federal corruption charges, on Capitol Hill in Washington, U.S. November 1, 2023. The House Ethics Committee has also said it is looking into allegations involving Santos.

Persons: George Santos, Santos, New York, Kevin McCarthy, Mike Johnson, McCarthy, Julia Nikhinson, Anthony D'Esposito, Rashida Tlaib, Marjorie Taylor Greene, Tlaib, Greene, Makini Brice, Scott Malone, Jonathan Oatis, Lisa Shumaker, Diane Craft Organizations: Republican, U.S . House, U.S, U.S . Rep, Capitol, REUTERS, White, Democratic, U.S . Capitol, Thomson Locations: York, New York City, Santos, New, Washington , U.S, COVID, Nazi Germany

☆ Storm Ciaran kills six, lashes Europe with strong winds and rain
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +3 min

A truck driver was killed when a tree fell on him in France while a second death was reported in Le Havre, according to authorities. [1/7]A surfer tries to navigate through rough sea during Storm Ciaran, in Tramore, Ireland, November 2, 2023. REUTERS/Clodagh Kilcoyne Acquire Licensing RightsFrench Interior Minister Gerald Darmanin told reporters that in addition to the death of truck driver, 15 people, including seven firefighters, had been injured. Still, the storm in France showed some signs of abating with the Meteo France weather service reducing its alert for strong winds in Mache, Finistere and Cotes d'Armor from red to orange. La Pinilla, a ski resort north of Madrid, and Estaca de Bares in Galicia registered wind velocities of more than 150 kph, AEMET said.

Persons: Storm Ciaran, Storm Babet, Clodagh, Gerald Darmanin, Darmanin, AENA, AEMET, Kate Holton, Dominique Vidalon, Farouq Suleiman, Bart Meijer, Charlotte Van Campenhout, Emma Pinedo, Charlie Devereux, Angus MacSwan, Gareth Jones, Lisa Shumaker Organizations: Amsterdam PARIS, REUTERS, French, Cotes d'Armor, Dutch Airline KLM, Inti Landauro, Thomson Locations: France, Spain, Belgium, Netherlands, Jersey, Amsterdam, BRUSSELS, Europe, Le Havre, Madrid, Belgian, Ghent, Finistere, Brittany, Storm, Northern Ireland, Britain, Tramore, Ireland, Roubaix, Brest, Cotes, Paris, Galicia, Cantabria, Bares, London

☆ At NY Trial, Eric and Donald Trump Jr Say They Were Not Aware of Fraud
▼ + stars: | 2023-11-02 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

By Jack QueenNEW YORK (Reuters) -Eric Trump and Donald Trump Jr. both testified on Thursday that they had no involvement with documents that a judge has ruled were fraudulently manipulated to inflate the value of their father Donald Trump's business. Trump put the two in charge of the business while he served as U.S. president from 2017 to 2021. Eric Trump said he was not even aware of the financial statements that were used to secure loans and insurance that allowed the company to keep functioning. James is seeking at least $250 million in damages, as well as a permanent ban on Trump, Donald Jr. and Eric from running businesses in the state. The trial is one of many legal troubles Trump must contend with as he campaigns to regain the presidency.

Persons: Jack Queen, Eric Trump, Donald Trump Jr, Donald Trump's, Trump, Andrew Amer, Donald Jr, Judge Arthur Engoron, Michael Cohen, Engoron, Letitia James, Hunt, Ivanka, Joe Biden, James, Eric, glowering, Andy Sullivan, Scott Malone, Will Dunham, Lisa Shumaker, Jonathan Oatis Organizations: Jack Queen NEW, Trump, New York, Republican, Democratic Locations: New York, Springs, New York City, Manhattan, Washington

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