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☆ PsiQuantum targets first commercial quantum computer in under six years
▼ + stars: | 2023-09-28 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

Sept 28 (Reuters) - PsiQuantum is aiming to deliver its first commercial quantum computing system in under six years, its CEO said as the startup announced a partnership with the U.S. Department of Energy to develop advanced fridges for its machines. "The first system that's actually capable of solving important problems that people want to know the answer to - that's just a handful of years away," he said in an interview. Estimates for the development of practical quantum computing by other experts in the field typically put it at a decade or even 20 or more years away. The company needs to reach roughly 1 million quantum bits, or qubits, to be of practical use, O'Brien said. Because of the immense computational power in quantum computing, there is a gamut of potential applications from materials science to national security to finance.

Persons: Jeremy O'Brien, GlobalFoundries, O'Brien, Max A, Edwina Gibbs Organizations: U.S . Department of Energy, Accelerator Laboratory, Palo, IBM, Google, Microsoft, Thomson Locations: Palo Alto , California, Silicon, San Francisco

☆ Tesla working on 'gigacasting' tech to mould underbody in one piece -report
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

A staff member attends to customers inside a Tesla Model Y car at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. The state-owned Chinese newspaper, which based its report after a recent visit to Tesla's Shanghai factory, did not say when and where the upgrade will happen. Reuters reported this month that Tesla was closing in on an innovation that would allow it to die cast nearly all of the underbody of an electric vehicle in one piece. Tesla has pioneered the use of huge presses with 6,000 to 9,000 tons of clamping pressure to mould the front and rear structures of its Model Y in its "gigacasting" process that has slashed production costs. Reporting by Zhang Yan, Albee Zhang and Bernard Orr; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, Tesla, Zhang Yan, Albee Zhang, Bernard Orr, Edwina Gibbs Organizations: Tesla, U.S, REUTERS, Rights, Shanghai Securities, Reuters, HK, Zeekr, Shanghai Securities News, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai

☆ Exclusive: Toyota plans third India plant, new SUV as domestic sales surge, sources say
▼ + stars: | 2023-09-27 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

The plant's proposed initial capacity would expand Toyota's existing manufacturing capacity in India by as much as 30% from 400,000 units currently. A representative for Toyota's India unit declined to comment. Cars originally from Maruti Suzuki's (MRTI.NS) stable such as the Glanza hatchback and Urban Cruiser Hyryder SUV now account for 40% of Toyota's India sales. Toyota, known for its Fortuner SUV and Camry hybrid in India, told Reuters earlier in September it expects record domestic sales in 2023. If Toyota does decide to press ahead with the model, parts would be imported for assembly in India, they said.

Persons: Maruti Suzuki, Suzuki, Aditi Shah, Edwina Gibbs Organizations: Toyota, Suzuki, Maruti, Cruiser, Reuters, 340D, Hyryder, Thomson Locations: DELHI, India, Europe, North America, Southeast Asia, Bidadi, Karnataka

Embattled Bamboo, Vietnam's No. "Bamboo Airways has reduced a number of pilot personnel recently to serve this goal," the statement said, denying that late payments of salaries were the reason behind the departures. Many staff at Bamboo have sometimes had to face delays in salary payments but this had not, until recently, affected foreign pilots who make up a large majority of the airline's pilot staff, the sources said. Messages seen by Reuters from an internal company chat forum that management uses to communicate with foreign pilots show some salary payments have been late. Bamboo, which flies both internationally and domestically, has around 17% of Vietnam's market share, its then CEO told local media in March.

Persons: Bamboo, Vietnam's, Bamboo's, Nguyen Ngoc Trong, Trong, Francesco Guarascio @fraguarascio, Khanh Vu, Phuong Nguyen, Mai Nguyen, Jamie Freed, Edwina Gibbs Organizations: Bamboo Airways, Airways, Reuters, Sacombank, Vietnam's, Thomson Locations: Samcombank, HANOI, United States

☆ China Evergrande shares tumble for second day after unit misses bond payment
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

China Evergrande Group's logo is seen on its headquarters in Shenzhen, Guangdong province, China, Sept. 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Sept 26 (Reuters) - China Evergrande Group (3333.HK) shares slid for a second consecutive session on Tuesday, dropping as much as 8% after a unit of the embattled property developer missed an onshore bond repayment. Evergrande has been seeking creditors' approval for its proposals to restructure offshore debt worth $31.7 billion that includes bonds, collateral, and repurchase obligations. Under the plan unveiled in March this year, Evergrande proposed various options to offshore creditors, including swapping some of their debt holdings into new notes with maturities of 10 to 12 years. ($1 = 7.3102 yuan)Reporting by Donny Kwok; Editing by Sumeet Chatterjee and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Evergrande, Hengda, Donny Kwok, Sumeet Chatterjee, Edwina Gibbs Organizations: REUTERS, China Evergrande, HK, Group, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG

☆ Ford says 'significant gaps' remain in UAW labor contract talks
▼ + stars: | 2023-09-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The UAW, which on Friday cited "real progress" in talks with the No. In contrast to Ford, the UAW has expanded strikes against General Motors (GM.N) and Chrysler-parent Stellantis (STLAM.MI) to 38 parts distribution centers across the United States. The UAW began unprecedented, simultaneous strikes on Sept. 15 at one assembly plant each of the Detroit Three after the prior four-year labor deals expired. The strikes at additional GM and Stellantis facilities on Friday added about 5,600 workers to the 12,700 previously on strike. Stellantis temporarily laid off 68 employees in Ohio last week and expects to furlough another 300 workers in Indiana because of the strike.

Persons: Ford, Shawn Fain, Joe Biden, Donald Trump, Stellantis, David Shepardson, Muralikumar Anantharaman, Edwina Gibbs Organizations: Ford, United Auto Workers, UAW, General Motors, Chrysler, GM, Detroit, Detroit Three, Thomson Locations: U.S, United States, Michigan, Clinton Township , Michigan, Kansas, Ohio, Indiana

☆ Striking Hollywood writers, studios to meet again Friday
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Strike signs await striking SAG-AFTRA actors and Writers Guild of America (WGA) outside Disney Studios in Burbank, California, U.S., July 25, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsLOS ANGELES, Sept 21 (Reuters) - Negotiators for Hollywood's major studios and striking film and television writers plan to meet again on Friday, the Writers Guild of America (WGA) said in a statement. Roughly 11,500 WGA members walked off the job in May, angered by how working conditions have changed in the streaming TV era. The SAG-AFTRA actors union went on strike in July, putting Hollywood in the midst of two simultaneous work stoppages for the first time in 63 years. Reporting by Lisa Richwine and Kanjyik Ghosh; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Walt Disney, Bob Iger, Ted Sarandos, Donna Langley, David Zaslav, Lisa Richwine, Kanjyik Ghosh, Edwina Gibbs Organizations: Writers Guild of America, Disney Studios, REUTERS, CNN, Alliance, Television Producers, WGA, Netflix, Warner Bros Discovery, SAG, Hollywood, Thomson Locations: Burbank , California, U.S

☆ Toshiba says $14 bln takeover bid by JIP succeeds, set to go private
▼ + stars: | 2023-09-21 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +3 min

TOKYO, Sept 21 (Reuters) - Toshiba (6502.T) said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success - a deal which paves the way for the embattled industrial conglomerate to go private. "Activist shareholders and Toshiba were stuck with each other for years. Toshiba in March accepted the buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion). Although some shareholders were unhappy with the price, Toshiba argued that there was no prospect of a higher offer or competing bid. Deals involving private equity have been particularly active, including a planned $6.4 billion buyout of materials maker JSR by a government-backed fund.

Persons: Travis Lundy, Taro Shimada, Androniki, Shimada, Lundy, JIP, Sony Group's, chipmaker Rohm, Makiko Yamazaki, Edwina Gibbs Organizations: Toshiba, Japan Industrial Partners, Quiddity Advisors, Toshiba Corporation, REUTERS, Sony, Chubu Electric Power, Thomson Locations: TOKYO, Kawasaki, Japan, Asia

☆ S&P lifts SoftBank's credit outlook to positive on Arm IPO
▼ + stars: | 2023-09-21 | by ( Anton Bridge | ) www.reuters.com time to read: +2 min

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Sept 21 (Reuters) - S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group (9984.T) to positive from stable after the initial public offering (IPO) of British chip designer, Arm Holdings , its largest asset, last week. Analysts have said that improving SoftBank's credit rating was likely a central motivation for listing Arm. SoftBank shares failed to climb on the improved credit outlook, instead falling 2% in morning trade, their third day of declines. While Arm had a stellar first day of trade on Sept. 15 with shares soaring 25%, it last traded just above its IPO price of $51.

Persons: Issei Kato, Masayoshi, SoftBank, Anton Bridge, Edwina Gibbs Organizations: SoftBank, REUTERS, Rights, Arm Holdings, Thomson Locations: Tokyo, Japan

☆ Toshiba says $14 bln takeover bid by JIP has succeeded
▼ + stars: | 2023-09-21 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

The logo of Toshiba Corporation is displayed at the company's building in Kawasaki, Japan, April 5, 2023. The deal puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders. Toshiba in March accepted the buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion). Although some shareholders were unhappy with the price offered, Toshiba argued that there was no prospect of a higher offer or competing bid. Although not well known overseas, JIP has been involved in corporate carve outs and spin offs from Japanese conglomerates, including Olympus' (7733.T) camera business and Sony Group's (6758.T) laptop computer business.

Persons: Androniki, Taro Shimada, JIP, Sony Group's, Shimada, chipmaker Rohm, Makiko Yamazaki, Christopher Cushing, Edwina Gibbs Organizations: Toshiba Corporation, REUTERS, Rights, Toshiba, Japan Industrial Partners, Olympus, Sony, Chubu Electric Power, Thomson Locations: Kawasaki, Japan

☆ Anheuser-Busch says it has stopped cutting tails of Clydesdales
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

The Budweiser brewing company Clydesdale horses arrive for the second 2016 U.S. presidential debate at Washington University in St. Louis, Missouri, October 7, 2016. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsSept 20 (Reuters) - Brewer Anheuser-Busch said on Wednesday it has stopped cutting off the tails of Clydesdale horses used in publicity for its Budweiser brand of beer after People for the Ethical Treatment of Animals (PETA) launched a campaign against the practice. "The safety and well-being of our beloved Clydesdales is our top priority. The practice of equine tail docking was discontinued earlier this year," Anheuser-Busch, part of the Anheuser-Busch InBev (ABI.BR) global brewing giant, said in a statement. PETA launched its campaign against docking just before the big game last February.

Persons: Rick Wilking, Brewer Anheuser, Busch, Daniel Trotta, Edwina Gibbs Organizations: Budweiser, Clydesdale, Washington University, REUTERS, Animals, PETA, Anheuser, Busch, Busch InBev, American Veterinary Medical Association, Super, Thomson Locations: St, Louis , Missouri, Scotland

☆ Kioxia's banks to refinance $13.5 bln loan for Western Digital merger -Bloomberg
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

Sumitomo Mitsui Financial Group (8316.T), Mizuho Financial Group (8411.T) and Mitsubishi UFJ Financial Group (8306.T) intend to submit a commitment letter for the refinancing next month, Bloomberg reported citing unnamed sources. Part of the loan will be used to pay special dividends to Kioxia's shareholders, Bloomberg said. Of the 2 trillion yen loan, 400 billion yen will likely be funded through loan commitments and the Development Bank of Japan will provide a loan of 300 billion yen. The rest will likely be equally split between the three megabanks, Bloomberg reported. Kioxia and Western Digital are speeding up merger talks and nailing down a deal structure, Reuters reported in May, amid a slump in the market for flash memory.

Persons: Kioxia, Kiyoshi Takenaka, Sam Nussey, Makiko Yamazaki, Edwina Gibbs Organizations: Taipei, REUTERS, Rights, Western, Bloomberg, Sumitomo Mitsui Financial Group, Mizuho Financial Group, Mitsubishi UFJ Financial, Kioxia, Mizuho, MUFG, Development Bank of Japan, Western Digital, Reuters, Thomson Locations: Taipei, Taiwan

☆ Former Pacific leaders hope Australians 'find conscience' to pass First Nations referendum
▼ + stars: | 2023-09-19 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

Passing the referendum should be a "first step" towards a treaty with First Nations people, they added. It has also pointed to historical trade by the country's First Nations people with Pacific Islands as a basis for strong modern ties, amid competition for influence with China. He added that whatever the outcome, his work would continue to highlight that Australia's First Nations people had been linked by trade to the Pacific Islands for centuries. Indigenous Australians, who account for 3.8% of the population, face disadvantages including discrimination, poor health and education outcomes and high incarceration rates. Some Indigenous Australians want stronger action, including a treaty with the government.

Persons: Rita Wright, Loren Elliott, Anote Tong, Tommy Remengesau, Hilda Cathy Heine, Anthony Albanese's, Justin Mohamed, Julie Bishop, Kirsty Needham, Edwina Gibbs Organizations: Australian, REUTERS, Rights, Former Pacific Islands, First Nations, Kiribati, Marshall, Pacific Elders Voice, Reuters, Aboriginal, Torres Strait, Nations, Vanuatu, VBTC, Thomson Locations: Sydney, Australia, Palau, Pacific, China, Islands

Torrent is hoping to secure roughly $3 billion to $4 billion in financing for the bid for its much bigger rival, they said. Blackstone (BX.N) is also interested in bidding for Cipla, sources have also said. Apollo is "quite bullish on their Asia strategy, and India in particular...both Cipla and Torrent have strong balance sheets," the person said. Apollo and Torrent, which has yet to confirm its interest in Cipla, did not immediately respond to a request for comment. Foreign banks, including Morgan Stanley (MS.N) and Barclays (BARC.L), are also in talks with Torrent to extend loans and arrange financing for the deal, sources have said.

Persons: Danish Siddiqui, Bernstein, Blackstone, Morgan Stanley, Abbott, Sriram, Aditya Kalra, Edwina Gibbs Organizations: REUTERS, Danish, pharma, Pharmaceutical, Apollo Global Management, Capital Partners, Bain Capital, Blackstone, Mumbai International, JSW, Barclays, Pfizer, Thomson Locations: Cipla, Mumbai, India, MUMBAI, DELHI, Asia

☆ EU says lack of clarity in China's data laws is concerning
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee/File photo Acquire Licensing RightsBEIJING, Sept 19 (Reuters) - European Union businesses are concerned about China's data laws, including their "lack of clarity" and the "long processes" that companies have to undergo, European Commission Vice President Vera Jourova said on Tuesday. It now bans the transfer of any information related to national security and interests, without defining those terms, while widening the definition of spying to include cyberattacks against state organs or critical infrastructure. Jourova said the lack of definitions such as, for example, what constitutes important data, and the lack of clarity on how the law might be contravened was problematic as was the lengthy time it takes to complete procedural matters. China is committed to creating a fair, transparent and predictable business environment, the ministry said at the time.

Persons: Jason Lee, Vera Jourova, Xi, Jourova, Ryan Woo, Ella Cao, Edwina Gibbs Organizations: REUTERS, Rights, Union, European, Thomson Locations: China, EU, Beijing, Rights BEIJING, Europe, U.S

☆ Vietnam PM courts U.S. companies, seeks investment in chip sector
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

[1/2] Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. Chinh pledged to facilitate future investments by Nvidia and Synopsys in Vietnam, the statement said. The statement quoted Nvidia CEO Jensen Huang as telling Chinh that "Nvidia wants to cooperate with Vietnam in semiconductor, information technology and artificial intelligence." Synopsys, which has plans to build chip design centres in Vietnam, on Monday signed memorandums of understanding with Vietnam's information ministry and with the investment ministry. Nvidia, a top supplier of servers to Vietnam, and Synopsys did not immediately respond to Reuters requests for comment.

Persons: Florence Lo, Pham Minh Chinh, Joe Biden, Chinh, Jensen Huang, Synopsys, Amkor, Khanh Vu, Edwina Gibbs Organizations: REUTERS, Rights, Nvidia, U.S, Synopsys, Monday, Intel, United Nations General Assembly, Thomson Locations: Rights HANOI, Vietnam, San Francisco, United States, Hanoi, Chinh, U.S, Brazil

☆ South Korea's Doosan Robotics prices IPO at top of range
▼ + stars: | 2023-09-19 | by ( Joyce Lee | ) www.reuters.com time to read: 1 min

SEOUL, Sept 19 (Reuters) - South Korea's Doosan Robotics is set to raise 421.2 billion won ($317 million) in an initial public offering (IPO) after pricing the deal at the top of its marketed range. The company is a leading maker of so-called collaborative robots that work side-by-side with humans such as robot arms in factories that perform assembling, loading and welding jobs. The offering for institutional investors was priced at 26,000 won per share compared with a range of 21,000 to 26,000 won. Sales to retail investors at the same price will be completed later this week. ($1 = 1,327.6200 won)Reporting by Joyce Lee; editing by Muralikumar Anantharaman and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: 1,327.6200, Joyce Lee, Muralikumar Anantharaman, Edwina Gibbs Organizations: Korea's Doosan Robotics, Thomson Locations: SEOUL

☆ Alibaba tells Erdogan it plans to invest $2 billion in Turkey
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsISTANBUL, Sept 18 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK) has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company's Turkish unit. Evans also said Alibaba has invested $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best known e-commerce platforms, the statement said. Erdogan is in the United States to attend the 78th session of the U.N. General Assembly.

Persons: Dado Ruvic, Tayyip Erdogan, Michael Evans, Alibaba, Erdogan, Evans, Trendyol, Caglayan Cetin, Daren Butler, Edwina Gibbs Organizations: REUTERS, Rights, Alibaba, Holding, HK, Turkish, General, Istanbul, Thomson Locations: Rights ISTANBUL, Turkey, Turkish, United States, Ankara

☆ Asian shares drop as investors brace for central bank-packed week
▼ + stars: | 2023-09-18 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

U.S. West Texas Intermediate crude futures gained 0.8% to $91.52, their highest level since November, while Brent crude futures rose 0.7% to $94.55 per barrel. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.7%. This week, global central banks will take centre stage, with five of those overseeing the 10 most heavily traded currencies holding rate-setting meetings. Last Friday, Wall Street ended sharply lower as U.S. industrial labour action weighed on auto shares. The euro gained 0.1% to $1.0667, after slumping to a 3-1/2 month low of $1.0632 last week as the European Central Bank signalled its rate hikes could be over.

Persons: BOE, BOJ, Taiwan's TSMC, Hong, Tommy Xie, Chris Weston, Weston, Kazuo Ueda, Cash Treasuries, Stella Qiu, Shri Navaratnam, Edwina Gibbs Organizations: Federal Reserve, Bank of Japan, Nasdaq, . West Texas, Brent, Japan's Nikkei, Technology, Reuters, Trust, Greater, Greater China Research, OCBC Bank, China Evergrande, Fed, U.S ., Bank of England, Treasury, Amazon, European Central Bank, Thomson Locations: China, SYDNEY, Europe, Asia, Pacific, Japan, Zhongrong, Greater China, HK, Pepperstone, Tokyo

☆ Former Pacific Leaders Hope Australians 'Find Conscience' to Pass First Nations Referendum
▼ + stars: | 2023-09-18 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

Persons: Kirsty Needham SYDNEY, Anote Tong, Tommy Remengesau, Hilda Cathy Heine, Anthony Albanese's, Justin Mohamed, Julie Bishop, Kirsty Needham, Edwina Gibbs Organizations: Former Pacific Islands, First Nations, Kiribati, Marshall, Pacific Elders Voice, Reuters, Aboriginal, Torres Strait, Nations, Vanuatu, VBTC Locations: Palau, Australia, Pacific, China, Islands

☆ Analysis: Arm's stellar listing sets the stage for more SoftBank acquisitions
▼ + stars: | 2023-09-17 | by ( Anton Bridge | ) www.reuters.com time to read: +4 min

[1/2] A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. The tech investment behemoth raised nearly $5 billion from Arm's offering while retaining 90.6% of the firm. Known for debt-fuelled acquisition sprees, SoftBank founder and CEO Masayoshi Son flagged in June that the company was shifting back into "offence mode" as he highlighted the potential of artificial intelligence. That's after a year of "defence mode" when tech valuations crashed amid higher interest rates and global banking jitters. Few companies in SoftBank's investment portfolio have demonstrated commercial utility in AI, analysts said.

Persons: Dado Ruvic, behemoth, Masayoshi, Yoshimitsu Goto, SoftBank, SemiAnalysis, Kyle Stanford, There's, Amir Anvarzadeh, PitchBook's Stanford, Anton Bridge, Miyoung Kim, Edwina Gibbs Organizations: REUTERS, Rights, Arm Holdings, SoftBank, HK, Vision, Nvidia, Asymmetric Advisors, Thomson Locations: British

REUTERS/Magali Druscovich/File Photo Acquire Licensing RightsLONDON, Sept 18 (Reuters) - Climate change and conflict are hitting efforts to tackle three of the world's deadliest infectious diseases, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned. But the increasing challenges of climate change and conflict mean the world is likely to miss the target of putting an end to AIDS, TB and malaria by 2030 without “extraordinary steps”, said Peter Sands, executive director of the Global Fund. For example, malaria is spreading to highland parts of Africa that were previously too cold for the mosquito carrying the disease-causing parasite. For example, in 2022, 6.7 million people were treated for TB in the countries where the Global Fund invests, 1.4 million more people than in the previous year. For example, he said, many countries with the highest burden of TB are middle-income countries that have more capacity to fund health services domestically.

Persons: Magali, Peter Sands, Sands, Jennifer Rigby, Jane Merriman, Edwina Gibbs Organizations: REUTERS, Global Fund, AIDS, Tuberculosis, Malaria, UN, Assembly, Global, Thomson Locations: Buenos Aires, Argentina, Africa, Sudan, Ukraine, Afghanistan, Myanmar

☆ Arm's stellar listing sets the stage for more SoftBank acquisitions
▼ + stars: | 2023-09-15 | by ( Anton Bridge | ) www.reuters.com time to read: +4 min

☆ As the sea warms, struggling Cambodian fishermen seek to preserve crab stocks
▼ + stars: | 2023-09-15 | by ( Thomas Suen | ) www.reuters.com time to read: +4 min

[1/5] Fisherman Ung Bun, 39, sits in his boat out at sea off the coast of Cambodia's southern Kep province, Cambodia August 18, 2023. Ung Bun dropped the crab - a male that was too small - back into the sea. The Cambodia government's crab releasing campaign dates back to 2010 but this year it began working with Wild Earth Allies, a non-profit organisation. I can hardly afford to buy gasoline to go out to fish or pay for my children's school fees, and so I face problems with my family," Ung Bun said. "If the villagers see my work, many would not understand what I'm doing," Ung Bun said.

Persons: Bun, Thomas Suen, Ung Bun, Ung, hasn't, Kay Johnson, Edwina Gibbs Organizations: REUTERS, University of Maine's, Allies, Thomson Locations: Kep province, Cambodia, Kep, Kampot

SINGAPORE, Sept 14 (Reuters) - DBS Group (DBSM.SI) Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India, where the bank plans to triple its business in the next five years. "There's some real headwinds in China in the short-term", he told a Reuters Newsmaker event in Singapore, noting the crisis in its debt-ridden property sector. DBS, Southeast Asia's largest bank by assets, aims to triple its business in India in the next five years, Gupta also said. The bank has been in India for nearly 30 years and operates about 530 branches in 19 Indian states, according to its website. Singapore has seen strong inflows from wealthy customers amid global uncertainty, including U.S.-China geopolitical tensions, due to the city-state's status as a financial safe-haven.

Persons: Piyush Gupta, Gupta, Yantoultra Ngui, Fanny Potkin, Scott Murdoch, Edwina Gibbs Organizations: DBS, Reuters, Shenzhen Rural Commercial Bank, UBS Group's, Credit Suisse, Thomson Locations: SINGAPORE, India, China, Singapore, Shenzhen, Asia's, Asia, East, U.S

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