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☆ UK's FTSE 100 opens lower ahead of BoE decision; LSEG falls
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File PhotoSummaryCompanies FTSE 100 down 0.8%, FTSE 250 off 0.3%Aug 3 (Reuters) - UK's FTSE 100 opened lower on Thursday, with shares of London Stock Exchange Group weighing on the index, while investors awaited the Bank of England's verdict on monetary policy tightening later in the day. By 0710 GMT, the blue-chip FTSE 100 (.FTSE) fell 0.8%, hovering near a two-week low hit on Wednesday, while the more domestically-focussed FTSE 250 midcap index (.FTMC) lost 0.3%. London Stock Exchange Group (LSEG.L) lost 3.9% after its first-half profit before tax fell 17.6%. Also weighing was BT Group (BT.L), which fell 5.1% as shares of the telecom firm traded ex-dividend.

Persons: Toby Melville, Smith, SN.L, BoE, Shashwat Chauhan, Varun Organizations: London Stock Exchange Group, City of, REUTERS, London Stock Exchange, Bank of, BT Group, Thomson Locations: City, City of London, Britain, Bengaluru

☆ Ford recalls 870,000 F-150 trucks over unexpected parking brake activation
▼ + stars: | 2023-07-28 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Companies Ford Motor Co FollowWASHINGTON, July 28 (Reuters) - Ford Motor (F.N) said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue. The recall covers 2021 through 2023 model year F-150 trucks, according to a filing with the National Highway Traffic Safety Administration (NHTSA). It covers trucks equipped with a single exhaust system. Contact with the rear axle housing may damage the wiring harness, causing the electric parking brake to activate unexpectedly, the automaker said. Of those, 299 indicated the electric parking brake had activated unintentionally including 19 while driving.

Persons: Ford, David Shepardson, Nilutpal, Varun, Susan Fenton Organizations: Ford, National, Traffic Safety Administration, Thomson Locations: WASHINGTON, United States, North America, Washington, Bengaluru

☆ Global money market funds draw big weekly inflows on investor caution
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

According to Refinitiv Lipper data, global money market funds drew investments worth a net $38.74 billion in the week ended July 26, the biggest amount since July 5. Reuters Graphics Reuters GraphicsThe U.S. and European money market funds attracted purchases worth $24.62 billion and $11.84 billion, respectively, on a net basis. Global equity funds drew about $1.3 billion worth of inflows after witnessing a weekly outflow of $2.2 billion the previous week. They also disposed of about $34 million worth of precious metal funds in their ninth weekly net selling in a row. Meanwhile, data for 24,115 emerging market funds showed bond funds received $1.14 billion, the biggest amount in three weeks, while equity funds had a third weekly net purchase worth about $157 million.

Persons: Kai Pfaffenbach, Gaurav Dogra, Patturaja, Varun Organizations: European Central Bank, REUTERS, Federal Reserve, Bank of Japan, Reuters Graphics Reuters, Global, Corporate, Thomson Locations: Frankfurt, Germany, Bengaluru

☆ Britain's Centrica hikes dividend as profits at British Gas soar
▼ + stars: | 2023-07-27 | by ( Susanna Twidale | ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Britain's Centrica (CNA.L) proposed a 33% increase in its interim dividend on Thursday after posting a jump in first-half profits, buoyed by higher returns from its British Gas supply business. The British Gas Energy supply division posted adjusted profits of 969 million pounds ($1.25 billion) compared with 98 million the same period last year. Centrica said some 500 million pounds of this related to changes to the regulator's price cap which allowed the company to recoup previously lost costs. The company also announced plans to invest 4 billion pounds by 2028 on security of supply, energy flexibility and renewable power. Overall Centrica's adjusted operating profit for the first six months of 2023 rose to 2.08 billion pounds up from 1.34 billion pounds a year earlier.

Persons: Centrica, Susanna Twidale, Prerna Bedi, Varun, Sharon Singleton Organizations: British Gas, British Gas Energy, Thomson Locations: Britain, London, Bengaluru

☆ Remy Cointreau confident on H2 rebound after weak start to year
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

PARIS, July 25 (Reuters) - French spirits group Remy Cointreau (RCOP.PA) on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter. The recovery in China, which makes 35% of group sales at par with the United States, was led by all cognac brands including CLUB, VSOP, XO and Louis XIII. During the COVID-19 pandemic, Remy Cointreau and rivals such as Pernod Ricard (PERP.PA) benefited from people drinking more expensive types of alcohol at home. There have, however, been signs that spirits industry growth was slowing, notably in the United States, as positive effects from the pandemic fizzle out. ($1 = 0.9033 euros)Reporting by Dominique Vidalon; Editing by Varun H K and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Remy Cointreau, Remy Martin, Cointreau, Louis XIII, Jefferies, Pernod Ricard, Dominique Vidalon, Varun, Stephen Coates Organizations: CLUB, Louis, Thomson Locations: U.S, China, United States, EMEA, Asia

☆ Binance, CEO plan to seek dismissal of CFTC complaint
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

July 24 (Reuters) - Binance and its CEO and founder Changpeng Zhao are planning to seek dismissal of a Commodity Futures Trading Commission (CFTC) complaint accusing the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations. Binance is due to submit its response to the CFTC complaint on July 27 and plans to seek dismissal, according to a court filing on Monday. The CFTC in March sued Binance, the world's biggest crypto exchange, and Zhao for operating what the regulator alleged was an "illegal" exchange and a "sham" compliance program. In its complaint, the CFTC said that from at least July 2019 to the present, Binance "offered and executed commodity derivatives transactions on behalf of U.S. persons" in violation of U.S. laws. The CFTC and Binance did not immediately respond to Reuters' request for comment.

Persons: Changpeng Zhao, Binance, Zhao, Juby Babu, Varun Organizations: Futures Trading Commission, CFTC, Reuters, U.S . Securities, Exchange Commission, SEC, Binance, Justice, Thomson Locations: Bengaluru

☆ Logitech raises sales forecast for first half of 2024
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - Logitech International (LOGN.S) on Tuesday raised its sales outlook for the first half of its 2024 financial year, in the first set of results since longstanding CEO Bracken Darrell quit the computer peripherals maker last month. The company said it now expects first-half sales of $1.875 billion to $1.975 billion, compared to 1.8 billion to 1.9 billion earlier. It also forecast full year sales of $3.8 billion to $4 billion. Non-GAAP operating profit, meanwhile, was $109 million, better than the $70 million forecast by analysts. After seeing a big jump in sales during the COVID-19 pandemic as people equipped their home offices with the latest keyboards and peripherals, Logitech has been bracing itself for a downturn this year.

Persons: Bracken Darrell, Darrell, John Revill, Subhranshu Sahu, Varun Organizations: Logitech, VF Corp, Thomson Locations: Zurich, Bengaluru

☆ Aussie competition regulator delays decision on ANZ's $3.3 bln Suncorp Bank buy
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

July 24 (Reuters) - Australia's competition regulator on Monday said it has delayed its decision on ANZ Group Holdings' (ANZ.AX) proposed A$4.9 billion ($3.30 billion) acquisition of Suncorp Bank (SUN.AX) by a week to August 4, and has requested a further extension of one week. "It is important that the ACCC has the opportunity to meaningfully consider the new information provided by ANZ and take it into account in its decision making," the regulator said. ANZ, the country's fourth-largest bank, in its response on Friday consented to an extension till August 4. This is the second time the regulator has sought an extension to its decision after the original deadline of mid-June was extended to late July. ($1 = 1.4865 Australian dollars)Reporting by Sameer Manekar in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Sameer Manekar, Varun Organizations: ANZ Group Holdings, Suncorp Bank, Australian Competition, Consumer Commission, ANZ, ACCC, Reuters, Thomson Locations: Bengaluru

"Is there going to be a challenge to Royal Enfield? It sold fewer than 30,000 motorcycles - less than the number of bikes Royal Enfield sells each month. Triumph said it has received orders for over 14,000 Speed 400 bikes, exceeding its total India sales of the past decade. Still, the frenzy over the new models is reflected in the surge in Google searches about Harley-Davidson and Triumph in India. Improved financing options is also encouraging lower-income buyers to consider premium bikes, said HDFC Securities analyst Aniket Mhatre.

Persons: Davidson, Rishi Vora, brokerages, Harley, Kotak, Royal Enfield's, Eicher, Royal, Shubhabrata Marmar, Enfield, Varun Painter, MotoCorp, Sathish Rao, Aniket Mhatre, Priyanka Kochhar, Indranil Sarkar, Aby Jose Koilparambil, Nandan Mandayam, Saumya Singh, Navamya Ganesh Acharya, Varun, Dhanya Skariachan, Euan Rocha, Christopher Cushing Organizations: Reuters, Bajaj Auto Ltd, Handout, REUTERS, Royal Enfield, Securities, Harley, Royal, Eicher Motors, Reuters Graphics Reuters, ROYAL, Enfield, Mahindra, Mahindra's, TVS, Bajaj Auto, Bajaj, Triumph, HDFC Securities, Thomson Locations: REUTERS BENGALURU, India, Royal Enfield, Bengaluru

☆ Tucker Carlson to create a new media company, Wall Street Journal reports
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +1 min

July 14 (Reuters) - Former Fox News (FOXA.O) host Tucker Carlson and former White House adviser Neil Patel are looking to raise funds to start a new media company that could potentially be anchored on Twitter, the Wall Street Journal reported on Friday. The duo is looking to raise hundreds of millions of dollars to fund the company, the report said, citing people familiar with the matter. Carlson did not immediately respond to Reuters' request for a comment, while Patel was not immediately reachable. In a video posted on Twitter in May, Carlson had said he would relaunch his show on the social media platform "soon". He released the first episode of his new show, "Tucker on Twitter", in June.

Persons: Tucker Carlson, White, Neil Patel, Carlson, Patel, Tucker, Samrhitha Arunasalam, Gursimran Kaur, Shilpi Majumdar, Varun Organizations: Former Fox News, Twitter, Wall Street, Elon Musk's Twitter, Fox News, Reuters, Fox Corp, Thomson Locations: Bengaluru

☆ Indian shares open lower as US jobs data fuels rate concerns
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, July 7 (Reuters) - Indian shares opened lower on Friday, tracking weakness in global peers, after data indicating strength in the U.S. labour market fuelled concerns of further monetary policy tightening by the Federal Reserve. The Nifty 50 (.NSEI) index was down 0.32% at 19,435.30, while the S&P BSE Sensex (.BSESN) fell 0.25% to 65,623.40, as of 9:15 a.m. IST. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Bharath Rajeswaran, Varun Organizations: Federal Reserve, BSE, Thomson Locations: BENGALURU, U.S, Bengaluru

☆ National Australia Bank to change home loan refinancing criteria
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

July 7 (Reuters) - National Australia Bank (NAB) (NAB.AX) on Friday said it would refresh its approach to like-for-like refinancing criteria to help customers who would otherwise fail to meet an industry standard that assesses their ability to repay loans. Last month, top lender Commonwealth Bank of Australia (CBA.AX) cut its buffer rate for some borrowers refinancing their existing home loan to 1% from the industry standard of 3%. After NAB, ANZ Group Holdings (ANZ.AX) is the only bank left among the top four to ease refinancing loans criteria for customers unable to meet APRA standard. NAB said the changes to its refinancing criteria will apply from July 21, but added that it will take a "case-by-case" approach when assessing appropriate serviceability. Reporting by Himanshi Akhand and Sameer Manekar in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Himanshi Akhand, Sameer Manekar, Varun Organizations: National Australia Bank, NAB, Reuters, The, Prudential Regulation Authority, APRA, Reserve Bank, Commonwealth Bank of Australia, Westpac Banking Corp, ANZ Group Holdings, ANZ, Thomson Locations: Bengaluru

The pan-European STOXX 600 index (.STOXX) deepened losses by the close to fall 2.3% to its lowest level since late March, while the EURO STOXX 50 index (.STOXX50E) plunged 2.9%. Germany's two-year bond yield , which is highly sensitive to interest-rate expectations, rose its highest since autumn 2008, also pressuring equities. Technology stocks (.SX8P) fell 3.0%, while the real estate sector (.SX86P), which are often treated as bond proxies, tumbled 4.2%. German industrial orders rose significantly more than expected in May, due to large scale orders of ships, spacecraft and military vehicles. Embracer (EMBRACb.ST), the top loser on the STOXX 600, fell 13.8% after the gaming group raised 2 billion crowns ($182 million) in a share issue directed to institutional investors.

Persons: Chris Beauchamp, Janet Yellen's, Matteo Allievi, Shubham Batra, Shreyashi Sanyal, Sherry Jacob, Phillips, Varun, David Evans Organizations: CAC, U.S, Technology, Treasury, Thomson Locations: U.S . Federal, U.S, China, British, Gdansk, Bengaluru

The pan-European STOXX 600 index (.STOXX) dropped 1.2%, led by losses in travel and leisure (.SXTP) and retail index (.SXRP), which fell 2.3% and 2.0%, respectively. Embracer (EMBRACb.ST), the top loser on the STOXX, fell 13.8% after the gaming group raised 2 billion crowns ($182 million) in a share issue directed to institutional investors. "Now the gap between the two main central banks is closer than two months ago as Fed has moved more towards the position of the European Central Bank (ECB)." German industrial orders rose significantly more than expected in May, due to large scale orders of ships, spacecraft and military vehicles. Reporting by Matteo Allievi in Gdansk and Shubham Batra in Bengaluru; Editing by Sherry Jacob-Phillips and Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: hawkish, Stuart Cole, Janet Yellen's, UK's, policmaker Joachim Nagel, Matteo Allievi, Shubham Batra, Sherry Jacob, Phillips, Varun Organizations: CAC, Equiti, Fed, European Central Bank, Treasury, policmaker, Thomson Locations: China, U.S, British, Gdansk, Bengaluru

☆ India's Jio set to sign $1.7 bln deal with Nokia for 5G equipment - Economic Times
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 6 (Reuters) - India's Reliance Jio Infocomm is likely to sign a contract worth $1.7 billion with Nokia (NOKIA.HE) this week to purchase 5G network equipment, the Economic Times reported on Thursday, citing people aware of the matter. The contract could be signed as early as Thursday in Helsinki, Finland, where Nokia is headquartered, the report added. Jio and Nokia did not immediately respond to Reuters' requests for a comment. Jio snapped up airwaves worth $11 billion in a 5G spectrum auction last August and had launched 5G services in several cities. Swedish telecommunication company Ericsson (ERICb.ST) had in October last year, announced a partnership with Jio to build a 5G standalone network in India.

Persons: Jio, JP Morgan, Finnvera, Varun Vyas, Rashmi Aich Organizations: Nokia, Economic Times, Reliance Industries, Google, HSBC, Citigroup, Ericsson, Thomson Locations: BENGALURU, Helsinki, Finland, India, Swedish, Bengaluru

Earlier in the day, Australia's central bank held interest rates steady, but reiterated its warning that further tightening might be needed to cool prices. However, a 2.7% increase in real estate stocks (.SX86P) helped keep the STOXX 600 steady, while healthcare stocks (.SXDP) rebounded from the previous day's sharp declines. Travel and leisure (.SXTP) stocks edged higher as Irish airline Ryanair's(RYA.I) upbeat monthly traffic numbers helped sentiment for the sector. Britain's second-largest supermarket group Sainsubury (SBRY.L) fell 1.8% as fierce competition in the sector took shine off its robust quarterly sales. German chip firm Aixtron (AIXGn.DE) dropped 0.5% after China said it will control exports of some metals widely used in the semiconductor industry.

Persons: Michael Hewson, Stuart Cole, Amruta Khandekar, Shreyashi Sanyal, Dhanya Ann Thoppil, David Gregorio Our Organizations: U.S, Independence, CMC Markets, EU, Fed, ECB, European Central Bank, Equiti, Wall, Thomson Locations: China, U.S, Bengaluru

☆ Indian shares hit record highs on positive global cues
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, July 3 (Reuters) - Indian shares opened higher on Monday, with the benchmarks surging to fresh record highs for the third consecutive session, as sentiment improved on signs of moderating inflation in the United States. The Nifty (.NSEI) index rose as much as 0.43% to a new all-time high of 19,271.45. The S&P BSE Sensex (.BSESN) also rose 0.41% to 64,9580.83, as of 9:17 a.m. IST. The Nifty Auto index (.NIFTYAUTO) rose 0.33% to a record high while high weightage bank index (.NSEBANK) also hit a new all-time high. ($1 = 82.0355 Indian Rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Varun H K and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Bharath Rajeswaran, Varun Organizations: BSE, Thomson Locations: BENGALURU, United States, Bengaluru

The pan-European STOXX 600 index (.STOXX) closed 1.2% higher. European shares still advanced 8.7% in the first six months of the year. Miners (.SXPP) were a big drag this quarter, down 9.2% as worries around top metals consumer China weighed heavily on metal prices. The real estate sector (.SX86P) rose 1.7%, buoyed by 4.3% gains in shares of LEG Immobilien (LEGn.DE) after the German firm raised its 2023 outlook. Shares in Adidas (ADSGn.DE) and Puma (PUMG.DE), which had fallen earlier on Nike's (NKE.N) dour forecast, reversed course to rise 2.5% and 3.3%, respectively.

Persons: Melanie Debono, Hubert de, Amruta Khandekar, Matteo Allievi, Varun H, Eileen Soreng, David Evans Organizations: European Central Bank, Pantheon, ECB, Capital Economics, MIB, Miners, Adidas, Puma, Thomson Locations: Europe, U.S, Hubert de Barochez, China, Bengaluru, Gdansk

☆ European shares climb on China stimulus hopes; inflation data in focus
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

June 30 (Reuters) - European shares rose on Friday as lacklustre data on China's factory activity spurred hopes of more policy stimulus, while investors awaited key inflation readings for more clues on the direction of global interest rates. The pan-European STOXX 600 index (.STOXX) was up 0.3% by 0703 GMT. Miners (.SXPP) gained 0.7%, tracking metal prices higher as a decline in China's factory activity boosted expectations of more economic stimulus from the country. Personal Consumption Expenditure (PCE) data for May as well as preliminary figures on euro zone inflation later in the day. Among individual stocks, shares of sportswear makers Adidas (ADSGn.DE) and Puma (PUMG.DE) were down 1.7% and 0.3% respectively, after Nike's (NKE.N) gloomy forecast.

Persons: Amruta Khandekar, Varun Organizations: Miners, Energy, Adidas, Puma, Thomson

SummarySummary Companies STOXX 600 off 0.1%Defence firms fall after failed Russian mutinyHealthcare sector drags STOXX 600German business morale weakens againJune 26 (Reuters) - European shares inched lower on Monday, led by healthcare, while defence stocks fell after an aborted weekend mutiny in Russia. The pan-European STOXX 600 index (.STOXX) slipped 0.1% as of 1600 GMT, extending losses for its sixth straight session. Shares of major European defence firms Leonardo SpA (LDOF.MI), Saab AB (SAABb.ST) and Rheinmetall AG (RHMG.DE) each dropped more than 4%, weighing on the European aerospace and defence sub-index (.SXPARO) which fell 0.9%. "It's too early to price something into the market, that's why the really limited move on defence stocks." The healthcare index (.SXDP) fell 1.1% and was a big drag on the STOXX 600 index, which has come under pressure on concerns about an economic slowdown from a potentially longer-than-expected global interest rate hiking cycle.

Persons: Vladimir Putin, Leonardo, Shanti Kelemen, It's, Germany's DAX, Aston Martin, Amruta Khandekar, Varun H, Dhanya Ann Thoppil, Richard Chang Organizations: Wagner Group, Leonardo SpA, Saab AB, Rheinmetall AG, G Wealth, Energy, Siemens Energy, Lucid, Cineworld, SBB, Thomson Locations: Russia, Ukraine, Europe's, British, Swedish

☆ Europe shares edge lower as bank stocks drag
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - European shares edged lower on Monday, as a sharp decline in financial stocks more than offset gains in the energy sector on concerns about political instability in top oil producer Russia. The pan-European STOXX 600 index (.STOXX) was down 0.3% by 0717 GMT, after posting its biggest weekly percentage loss in three months at the end of a central bank policy-packed week on Friday. The energy sector (.SXEP), meanwhile, gained 0.2% as oil prices climbed after a revolt by Russian mercenaries over the weekend stoked concerns about a potential hit to oil supply from Russia. The banking index (.SX7P) was the biggest drag on the STOXX index, down 1%, with shares of Deutsche Bank (DBKGn.DE) falling 2.4%. Reuters reported that Deutsche bank told clients it can no longer guarantee full access to Russian stocks that belong to them.

Persons: Amruta Khandekar, Varun Organizations: Deutsche Bank, Reuters, Thomson Locations: Russia, Russian

☆ India's Shree Cement slumps after report of $2.81 bln tax evasion
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, June 26 (Reuters) - India's Shree Cement (SHCM.NS) fell on Monday, after NDTV reported on Saturday that tax evasion amounting to 230 billion rupees ($2.81 billion) was found in searches at multiple company locations. Deductions claimed by Shree Cement are false and the company siphoned 12 billion rupees to 14 billion rupees every year, the report added, citing sources, but without specifying the timeline. Shree Cement and the IT department did not immediately respond to Reuters' request for comments. The company's standalone tax expenses fell over 58% YoY to 2.31 billion rupees in the financial year ended March 31, while profit fell 44% to 13.28 billion rupees on a surge in other costs. Shree Cement said on Saturday that the survey was still ongoing, and that its management team is extending full co-operation to officials.

Persons: Shree Cement, Varun Vyas, Varun Organizations: NDTV, Shree Cement, Reuters, Shree, Thomson Locations: BENGALURU, Rajasthan, Bengaluru

☆ Meta's Oversight Board asks Facebook owner to evaluate election integrity efforts
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

The board said on Thursday that Meta's original decision to leave up the Facebook video, which featured a Brazilian general calling people to "hit the streets," raised concerns about the effectiveness of the company's election integrity efforts. "In this case, the speaker's intent, the content of the speech and its reach, as well as the likelihood of imminent harm ... all justified removing the post," said the Oversight Board, whose recommendations are not binding on Meta. The company's election preparedness efforts are in focus as the United States prepares for the presidential elections next year. The company was also among the social media platforms that suspended Trump in 2021 after the deadly Jan. 6 Capitol Hill riot, determining he had incited violence. Meta, in a response to the board, said that it does not currently have metrics for measuring the success of its election integrity efforts generally.

Persons: Meta, Republican Donald Trump, Yuvraj Malik, Varun Organizations: Facebook, Meta, United States, Republican, Trump, Thomson Locations: United, Bengaluru

☆ GE to jointly produce fighter jet engines in India
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] Indian Air Force (IAF) LCA Tejas performs an aerobatic display during the Aero India 2023 air show at Yelahanka air base in Bengaluru, India, February 13, 2023. REUTERS/Samuel Rajkumar/File PhotoJune 22 (Reuters) - General Electric's (GE.N) aerospace unit said on Thursday it has signed an agreement with India's state-owned Hindustan Aeronautics Ltd (HIAE.NS) to make fighter jet engines for the Indian Air Force. The agreement includes the potential joint production of GE Aerospace's F414 engines in India and the engines will be used to power Tejas fighter jets, GE said. Reuters reported in May the Biden administration was poised to sign off on a deal that would allow GE to produce jet engines powering Indian military aircraft. GE first began working with Hindustan Aeronautics and the Aeronautical Development Agency in 1986 to support the development of India's light combat aircraft with F404 engines.

Persons: Samuel Rajkumar, Electric's, Narendra Modi, Biden, Aishwarya Nair, Varun, Shounak Organizations: Indian Air Force, IAF, LCA Tejas, Aero, REUTERS, Hindustan Aeronautics Ltd, Indian, GE Aerospace's, Tejas, GE, Hindustan Aeronautics, Reuters, Aeronautical Development Agency, Thomson Locations: Aero India, Bengaluru, India, United States, Washington

☆ Japan sees 1.9 million visitors in May, down from cherry blossom rush
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

TOKYO, June 21 (Reuters) - Japan saw a slight decline in visitors in May from the previous month, when a rush of tourists came to see the nation's famous cherry blossoms without COVID-19 restrictions, official data showed on Wednesday. The number of foreign visitors for business and leisure came in just below 1.9 million last month from a post-pandemic high of 1.95 million in April, the Japan National Tourism Organisation (JNTO) said. Meanwhile, the yen has weakened sharply against other major currencies, making trips to Japan the cheapest in many years. "Japan has been viewed for a long time as a bucket list country by North American leisure travellers," she said. "Now that Japan has reopened to tourists and the current exchange rate makes leisure trips less expensive, we think this trend will continue to grow."

Persons: Jefferies, Mitsuko Miyasako, Kiyo Weiss, Rocky Swift, Varun, Gerry Doyle Organizations: Japan National Tourism Organisation, Consumer, J.Front, Air, Thomson Locations: TOKYO, Japan, China, Tourism, Osaka, Kyoto, Asia, Pacific, American

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