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☆ How a Vast Demographic Shift Will Reshape the World
▼ + stars: | 2023-07-16 | by ( Lauren Leatherby | ) www.nytimes.com time to read: +18 min

1990 Younger populations Workingage Older populations For decades, the world’s dominant powers have benefited from large working-age populations that help drive economic growth. Russia U.K. France Pakistan Pakistan China China U.S. U.S. Japan U.S. Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan Pakistan China China U.S. U.S. U.S. Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C.

Persons: That’s, ”, Mikko Myrskylä, Max Planck, Carolina Cardona, Philip O’Keefe, –, O’Keefe, Myrskylä, “ We’ve, “, aren’t, Mr Organizations: Korea Germany Italy Russia United, France, France Pakistan Pakistan China China U.S ., U.S, China India Nigeria D.R.C, France Pakistan Pakistan China China U.S . U.S, France Pakistan, France Pakistan China U.S . U.S, for Demographic Research, Youth, Niger, Dem, Central African Rep, Herzegovina Bulgaria Croatia Czech Rep, Denmark Estonia Finland France Germany Greece, Denmark Estonia Finland France Germany Greece Hungary Ireland, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo, Macedonia Norway Poland Portugal Moldova Romania, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern America, New Zealand, New, Benin Botswana Burkina Faso Burundi Cameroon Central African Rep, Chad Comoros, Congo Ivory Coast Dem, Johns Hopkins University, Aging, ARC Center of Excellence, Aging Research, World Bank, Spain Taiwan, Young, Korea, Spain, “ Locations: Japan, Western Europe, South Korea, Britain, Eastern Europe, China, Europe, India, East Asia, Florida, United States, South, Southeast Asia, Africa, Korea Germany Italy, Korea Germany Italy Russia United States France China Thailand United Kingdom, South Korea Brazil Colombia China Thailand Iran Myanmar Vietnam Bangladesh Indonesia, South Africa Myanmar Indonesia Bangladesh Philippines Pakistan Kenya Indonesia Egypt Ethiopia, Russia, France Pakistan Pakistan China China U.S, France Pakistan Pakistan China China U.S . U.S, Japan U.S, Japan China India India India Nigeria Nigeria Ethiopia D.R.C, Indonesia Indonesia Brazil Brazil Brazil, China Japan India Brazil, Pakistan France China U.S, Japan India Nigeria Brazil Indonesia, Pakistan U.S, China India Nigeria, Ethiopia Brazil Indonesia, France Pakistan Pakistan China China U.S . U.S . U.S, Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C, France Pakistan China, France Pakistan China U.S . U.S . U.S, Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C, Congo Somalia, Angola Tanzania Nigeria, Afghanistan Ethiopia Tajikistan Kenya, Asia, Oceania, Kenya, Demographically, South Asia, Singapore, Albania, Austria Belarus Belgium Bosnia, Herzegovina Bulgaria, Denmark Estonia Finland France Germany, Denmark Estonia Finland France Germany Greece Hungary, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo Latvia Lithuania Netherlands, Macedonia Norway Poland Portugal, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia Spain Sweden Switzerland Ukraine, Eastern Asia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern, Canada, States Australia, New, Australia, New Zealand, Saharan Africa, Angola, Benin Botswana Burkina Faso Burundi Cameroon, Congo, Congo Djibouti, Guinea Eritrea Eswatini Ethiopia Gabon Gambia Ghana Guinea Guinea, Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritania Mauritius Mozambique Namibia Niger Nigeria Rwanda Senegal Sierra Leone Somalia South Africa South Sudan Togo Uganda Tanzania Zambia Zimbabwe, Aging Asia, Pacific, America, “, Hong Kong, Italy, Spain, Spain Taiwan Greece, Singapore Slovenia Thailand Germany, Mainland China Finland Japan Netherlands Canada, Hong Kong South Korea, Singapore Slovenia Japan Thailand Germany, Mainland China Finland Netherlands, U.N, Korea Japan Spain, Korea Japan, France, West, East, Vietnam

The San Francisco federal court had ruled in favor of Microsoft on Tuesday, saying the FTC had failed to show the deal would be illegal under antitrust law. "The FTC asks this Court to enjoin the merger at issue pending resolution of the FTC’s appeal to the Ninth Circuit Court of Appeals. The FTC had said it was seeking a preliminary injunction to temporarily stop the deal until an internal FTC judge could assess it. It is rare for a merger fight to go to an appeals court. The agency settled with the companies before the appeals court made a decision.

Persons: We're, Brad Smith, Jacqueline Scott Corley, Corley, Diane Bartz, David Shepardson, Kanishka Singh, Tim Ahmann, Josie Kao, Jamie Freed Organizations: U.S . Federal Trade Commission, Microsoft, Activision, San, FTC, Ninth Circuit, Appeals, Nintendo, Britain's, Markets Authority, Foods, Oats, Thomson Locations: San Francisco, Britain, California

Still, any outstanding regulatory hurdle makes it more likely that the agreement between Microsoft and Activision will expire on July 18 without the deal having been completed. The FTC's court filing about the appeal gave no details, which will go before the Ninth Circuit Court of Appeals on the West Coast. The FTC may request a stay from the appeals court stopping the deal from closing. When U.S. antitrust agencies lose merger challenges in court, appeals are rare. The agency settled with the companies before the appeals court made a decision.

Persons: We’re, Brad Smith, Jacqueline Scott Corley, Corley, Diane Bartz, Diane Craft Organizations: U.S . Federal Trade Commission, Microsoft, Activision, Microsoft's, Ninth Circuit, FTC, Biden, Markets Authority, Japan's Nintendo, Foods, Oats, Thomson Locations: West Coast, San Francisco

☆ Cerberus heatwave fans out to Balkans
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +1 min

[1/3] A couple covered in mud that is believed to be curative sit at the Queen's beach in Nin, Croatia, July 13, 2023. REUTERS/Antonio BronicBELGRADE, July 13 (Reuters) - Swathes of the Balkans sweltered in temperatures above 40 degrees Celsius (104 Fahrenheit) on Thursday in a heatwave named "Cerberus", after the three-headed dog of the underworld in Greek mythology, that has fanned across Europe. In the country's Adriatic resort of Nin, dozens of beachgoers covered themselves in thick black mud believed to have medicinal properties and an effective sunscreen. Temperatures were expected to stay around 40 degrees Celsius across the region into next week. Reporting by Aleksandar Vasovic in Belgrade and Antonio Bronic in Nin; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Antonio Bronic, Josef, Aleksandar Vasovic, Emelia Sithole Organizations: REUTERS, Antonio Bronic BELGRADE, Thomson Locations: Nin, Croatia, Antonio, Balkans, Europe, Sibenik, Slovakia, Montenegro, Bosnia, Serbia, Belgrade

WASHINGTON, July 13 (Reuters) - The U.S. Federal Trade Commission (FTC) asked a federal court on Thursday for a stay that would prevent Microsoft (MSFT.O) from closing its $69 billion purchase of "Call of Duty" maker Activision Blizzard (ATVI.O). A federal judge had ruled for Microsoft on Tuesday, saying the agency had failed to show the deal would be illegal under antitrust law. The FTC appealed that loss late on Wednesday, and Microsoft has said it would fight that appeal. In its motion, the FTC asked for an order that would prevent the deal from closing until after the 9th U.S. Circuit Court of Appeals has ruled on a separate stay request filed with that court.

Persons: Jacqueline Scott Corley, Diane Bartz, Tim Ahmann, Josie Kao Organizations: U.S . Federal Trade Commission, Microsoft, Activision, FTC, U.S, Circuit, Appeals, Britain's, Markets Authority, Thomson Locations: Britain, California

[1/2] The sun sets behind the U.S. Capitol dome in Washington, U.S., on midterm election day, November 6, 2018. It was not the first loss for the agency under Khan. In addition, an internal FTC judge ruled for Illumina's (ILMN.O) purchase of Grail (GRAL.O). Lawmakers are also expected to bring up the committee's requests for documents regarding the agency's review of billionaire Elon Musk's purchase of Twitter. Conservatives have accused social media companies, including Twitter before it was acquired by Musk, of seeking to stifle conservative voices.

Persons: James Lawler Duggan, Lina Khan, Jim Jordan, Trump, Black Knight, Amgen's, Elon Musk's, Diane Bartz, Matthew Lewis Organizations: U.S, Capitol, REUTERS, WASHINGTON, U.S . Federal Trade Commission, Republican, Committee, FTC, Microsoft, Activision, Khan, Facebook, Illumina's, Black, Horizon Therapeutics, Twitter, Musk, Thomson Locations: Washington , U.S, Washington

WASHINGTON, July 11 (Reuters) - A U.S. judge ruled on Tuesday that Microsoft may go forward with its planned acquisition of videogame maker Activision Blizzard, turning aside antitrust enforcers' request for a preliminary injunction to temporarily stop the $69 billion deal. The FTC had originally asked the judge to stop the proposed deal, arguing it would give Microsoft Corp (MSFT.O), maker of the Xbox gaming console, exclusive access to Activision (ATVI.O) games including the best-selling "Call of Duty." The deal would be the largest for Microsoft and the biggest in the history of the videogame business. The FTC's complaint had cited concerns about loss of competition in console gaming, as well as subscriptions and cloud gaming. And while much of the testimony in the recent trial focused on "Call of Duty," Activision produces other bestsellers like "World of Warcraft," "Diablo" and the mobile game "Candy Crush Saga."

Persons: Jacqueline Scott Corley, Douglas Farrar, we'll, Brad Smith, Bobby Kotick, Satya Nadella, Diane Bartz, Caitlin Webber Organizations: Microsoft, Activision, Britain's, Markets Authority, Federal Trade Commission, FTC, Microsoft Corp, Sony PlayStation, Nintendo, Sony Group, Activision Blizzard, PlayStation, Thomson Locations: U.S, San Francisco

Activision shares surged 10% on the day, as the U.S. and Britain have been the two countries opposed to what would be Microsoft's biggest deal ever and the largest transaction in the videogame industry's history. Microsoft shares rose 64 cents to $332.47. Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. "It does seem like the Microsoft and the CMA could work out a deal within the next couple of weeks," said D.A. The FTC's complaint had cited concerns about loss of competition in console gaming, as well as subscriptions and cloud gaming.

Persons: Jacqueline Scott Corley, ”, Joost Van Dreunen, University's, Corley, Douglas Farrar, we'll, Dado Ruvic, Biden, Brad Smith, Franco Granda, Satya Nadella, Diane Bartz, David Shepardson, Jaspreet Singh, Aditya Soni, Chris Sanders, Caitlin Webber, Matthew Lewis David Gregorio, Muralikumar Organizations: Activision, Microsoft, Biden, U.S, Markets Authority, University's Stern School of Business, U.S . Federal Trade Commission, Nintendo, Sony Group, FTC, Sony PlayStation, REUTERS, FOCUS Gaming, CMA, Davidson &, PlayStation, Thomson Locations: WASHINGTON, U.S, British, Britain, San Francisco, New, Washington, Bengaluru

☆ Homeless World Cup brings its message of hope to California
▼ + stars: | 2023-07-08 | by ( Rachel Nostrant | ) www.reuters.com time to read: +3 min

The 40-team tournament, which runs from July 8-15 at the University of California at Sacramento, is the brainchild of Homeless World Cup Foundation. Fahrudin Muminovic represented Bosnia and Herzegovina at the 2019 Homeless World Cup in Wales. This is the first time the Homeless World Cup will take place in the U.S. There are two different fields of play, the World Cup, which consists of both men's and co-ed teams, and the Women's World Cup, featuring women-only matches. The final match will be held July 15, five days before 32 teams take the field for the 9th annual FIFA Women's World Cup in Australia and New Zealand.

Persons: Shannon Stapleton, Mel Young, Fahrudin Muminovic, Sienna Jackson, Young, “, ” Young, Rachel Nostrant, David Gregorio Our Organizations: REUTERS, University of California, Homeless, Foundation, World Economic, Team USA, Sacramento State, Youth Center, U.S, FIFA, Thomson Locations: Los Angeles , California, U.S, California, Sacramento, Bosnia, Herzegovina, Wales, Srebrenica, South Africa, France, Denmark, Australia, New Zealand

☆ 'We are in uncharted territory': World records hottest day ever for the third time in just four days
▼ + stars: | 2023-07-07 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Unofficial data from U.S. researchers showed the planet's daily average temperature soared to 17.23 degrees Celsius (63.01 degrees Fahrenheit) on Thursday, surpassing two previous heat records registered in recent days. "The global temperature record smashed again yesterday," Bill McGuire, professor emeritus of geophysical and climate hazards at University College London, said via Twitter. The record was broken again on Tuesday, notching 17.18 degrees Celsius and remained at this record high level on Wednesday. climate researcher Leon Simons said via Twitter, citing the multiple heat records observed this week. A flurry of global heat records follows a series of mind-bending extreme weather events in recent months.

Persons: Yasin Demirci, El Niño, Bill McGuire, Leon Simons Organizations: Anadolu Agency, Getty, University College London, Twitter, University, Maine's Locations: Sarajevo, Bosnia, Herzegovina, U.S, Ankara, Turkiye

In its lawsuit filed in March aimed at stopping JetBlue's purchase of Spirit, the U.S. Justice Department (DOJ) cited as evidence JetBlue's alliance with American at airports in New York and Boston several times. Calling the partnership a "de facto merger," the DOJ argued that JetBlue's proposed purchase of Spirit, a Florida-based ultra-low cost carrier, would lead to further industry concentration. On Wednesday, JetBlue CEO Robin Hayes said ending the partnership with American has taken the DOJ's "misplaced" concerns off the table and would help when the Spirit case goes to trial in October. New York-based JetBlue, however, views the Spirit deal as a way to expand its domestic footprint amid persistent labor and aircraft shortages. American, Delta (DAL.N), United (UAL.O) and Southwest Airlines (LUV.N) control nearly 80% of the U.S. airline industry.

Persons: JetBlue's, Robin Hayes, Eleanor Fox, Fox, William Kovacic, James Speta, Speta, Rajesh Kumar Singh, Diane Bartz, David Shepardson, Richard Chang Organizations: JetBlue Airways, American Airlines, Spirit Airlines, U.S . Justice Department, DOJ, Wednesday, JetBlue, American, New York University School of Law, Spirit, Former Federal Trade, George Washington University, Virgin America, Alaska Air Group, LaGuardia, Frontier Group Holdings, Northwestern University, Northeast Alliance, Southwest Airlines, U.S, Thomson Locations: CHICAGO, WASHINGTON, American, New York, Boston, Florida, Boston . New York, New, U.S, Chicago, Washington

JetBlue said it had informed American last week of its decision to terminate the three-year-old alliance, which allowed the two carriers to coordinate flights and pool revenue. The "Northeast Alliance" with JetBlue helped American compete in the New York market, where it had been losing money. On May 19, U.S. District Judge Leo Sorokin in Boston ordered JetBlue and American to end the partnership, saying it "substantially" diminished competition in the domestic market. JetBlue said its decision to unwind the alliance would not result in any immediate changes for customers. But without the alliance, Hayes said JetBlue would likely need fewer employees in New York and Boston.

Persons: judge's, U.S . Justice Department's, Robin Hayes, Andre Barlow, Doyle, Barlow, Mazard PLLC, Leo Sorokin, Hayes, Rajesh Kumar Singh, David Shepardson Diane Bartz, Will Dunham, David Gregorio, Jamie Freed Organizations: JetBlue Airways, Spirit Airlines, American Airlines, The, JetBlue, American, U.S, U.S ., US Airways, DOJ, ALLIANCE, District, Northeast Alliance, furloughs, Thomson Locations: U.S, The New York, American, New York, Boston, Chicago, Washington

U.N. investigators in 2012 concluded there were reasonable grounds to believe shabbiha militias committed crimes against humanity, including murder and torture, and war crimes such as arbitrary arrest and detention, sexual violence and pillaging. PAPER TRAILSome human rights scholars who have studied the role of the shabbiha in the Syrian war say the Assad regime initially used the groups to distance itself from violence on the ground. CIJA is a nonprofit founded by a veteran war crimes investigator and staffed by international criminal lawyers who have worked in Bosnia, Rwanda and Cambodia. While there is no international war crimes court with jurisdiction over Syria's conflict, there are a number of so-called universal jurisdiction cases in countries like the Netherlands, Sweden, France and Germany which have laws allowing them to prosecute war crimes even if they are committed elsewhere. Ghany said the documents were "necessary" pieces of evidence linking the shabbiha to the state in international justice cases.

Persons: shabbiha, Assad, CIJA, Bashar al, Ugur Ungor, Fadel Abdul Ghany, Nerma Jelacic, Ghany, Stephanie Van Den Berg, Maya Gebeily, Frank Jack Daniel Our Organizations: UN, Reuters, Commission, International Justice, Committees, Assad's Baath, Popular Committees, Crisis Management, Dutch NIOD Institute for, Studies, Syrian Network for Human Rights, National Defence Force, Thomson Locations: HAGUE, BEIRUT, U.S, CIJA, Bosnia, Rwanda, Cambodia, Syria, Germany, France, Sweden, Netherlands, Karm, Homs, al, Adawiya

☆ Bosnia envoy revokes Bosnian Serb laws defying the state, peace deal
▼ + stars: | 2023-07-01 | by ( Daria Sito-Sucic | ) www.reuters.com time to read: +2 min

SARAJEVO, July 1 (Reuters) - Bosnia's international peace overseer, Christian Schmidt, on Saturday annulled two laws that Bosnian Serb parliament had adopted defying the constitution and the terms of a peace deal that ended the Balkan country's war in the 1990s. Schmidt, who as international High Representative in Bosnia has powers to impose laws and sack obstructive officials, also amended a law so that those seen as attacking the state institutions can be criminally prosecuted. "Recent decisions by the National Assembly of Republika Srpska directly violate the constitutional order of Bosnia-Herzegovina and the Dayton peace agreement," Schmidt told a news conference in Sarajevo. The Serbs say they do not recognise Schmidt, who was appointed in 2021, as the high representative because the U.N. Security Council did not endorse his appointment. The U.S. embassy welcomed Schmidt's decisions, agreeing that he was defending the Dayton peace deal and the constitution upholding the rule of law in Bosnia.

Persons: Christian Schmidt, Schmidt, Milorad Dodik, Dodik, Daria Sito, Louise Heavens Organizations: Bosnian Serb, Representative, National Assembly, Russian, . Security, United States, Thomson Locations: SARAJEVO, Bosnian, Bosnia, Republika Srpska, Herzegovina, Dayton, Sarajevo, Republic, Serb Republic, United States, United Kingdom, U.S

The deal had been announced in January 2022 and the FTC sued to stop it in December last year. Judge Jacqueline Scott Corley in San Francisco pressed FTC lawyers on where their economist got the data to show the deal would harm consumers. The FTC has said that if Microsoft bought Activision, Microsoft would have the incentive and the ability to harm competition in markets related to consoles, subscription game services and cloud gaming. "The harm here is we think is substantial in locking up Activision content," said FTC lawyer James Weingarten. To address the FTC concerns, Microsoft has agreed to license "Call of Duty" to rivals.

Persons: Microsoft Corporation Satya Nadella, Read, Microsoft's, Jacqueline Scott Corley, James Weingarten, Corley, Microsoft's Beth Wilkinson, it's, Satya Nadella, Nadella, Biden, Diane Bartz, Lincoln Organizations: Microsoft Corporation, . Federal Trade Commission, Microsoft, Activision Blizzard, U.S . Federal Trade, Activision, Federal Trade Commission, Nintendo, Sony Group, FTC, PlayStation, Thomson Locations: California, Downtown San Francisco , California, U.S, WASHINGTON, San Francisco, British, Canada

☆ EU aspirant Montenegro must adjust its growth strategy, says World Bank
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

SARAJEVO, June 26 (Reuters) - Unless EU aspirant Montenegro adopts a new economic growth strategy that would boost productivity and human capital, its incomes will not converge with average EU levels in the next 40 years, the World Bank warned on Tuesday. The bank said that stagnant productivity growth was caused by market inefficiencies in the service sector which represents over 70% of GDP, and that Montenegro needed to remove regulatory barriers for firms to enter markets and grow. Most companies lack innovation and invest little in green technology which is needed to sustain tourism growth and develop Montenegro's comparative advantage in clean energy. In addition, Montenegro must tackle its income inequality which shrinks the pool of future skilled workers and entrepreneurs and limits its labour productivity growth potential, the bank said. "By implementing these reforms, Montenegro can expect a thriving private sector, significant job opportunities and ultimately improved wages and benefits for all its citizens," said Christopher Sheldon, World Bank Country Manager for Bosnia and Montenegro.

Persons: Christopher Sheldon, Daria Sito, Christina Fincher Organizations: World Bank, European Union, Thomson Locations: SARAJEVO, Montenegro, Bosnia

☆ Western Balkans states discuss how to improve migration governance
▼ + stars: | 2023-06-08 | by ( Daria Sito-Sucic | ) www.reuters.com time to read: +2 min

JAHORINA MOUNTAIN, Bosnia June 8 (Reuters) - Security and migration officials from six Western Balkans countries, all of which aspire to join the European Union, on Thursday pledged to work together with the EU and United Nations agencies to improve sustainable migration governance. "When it comes to the migrant crisis, we from the Western Balkans face not only humanitarian challenges but also security and political challenges," said Bosnia's Security Minister Nenad Nesic, who hosted the meeting at a mountain resort near the capital Sarajevo. "Trends in migration are very dynamic and the Western Balkans is a major transitory route," Ugochi Florence Daniels, the IOM Deputy Director General for Operations, told Reuters. "The action plan is an opportunity to deal with the immediate issues - trafficking and smuggling and sustainable returns," Daniels said. "It is also an opportunity to look at the longer-term opportunities that migration is bringing - remittances to the Western Balkans are $10 billion or 10% of GDP - that is a significant contribution to development," she added.

Persons: Nenad Nesic, Oliver Spasovski, Ugochi Florence Daniels, Daniels, Daria Sito, Angus MacSwan Organizations: European Union, EU, United Nations, Bosnia's, International Organisation for Migration, Operations, Reuters, Thomson Locations: Bosnia, Balkans, North Macedonia, Montenegro, Serbia, Albania, Kosovo, East, Afghanistan, Asia, Africa, Sarajevo, Croatia, Slovenia, Macedonia's

REUTERS/Mike Blake/File PhotoWASHINGTON, June 5 (Reuters) - Illumina (ILMN.O) on Monday filed an appeal against a Federal Trade Commission (FTC) order, demanding that it divest cancer diagnostic test maker Grail (GRAL.O) over competition concerns in the U.S. market for cancer tests. San Diego-based Illumina is arguing that the FTC "violated due process by depriving Illumina and Grail of a fair proceeding before an impartial tribunal," according to the filing in the U.S. Fifth Circuit Court of Appeals. An administrative law judge at the FTC had earlier dismissed the antitrust charges brought against Illumina but FTC staff won an appeal against that decision. In early December, EU antitrust regulators proposed measures for Illumina to unwind its acquisition of Grail, three months after blocking the deal. Billionaire investor Carl Icahn, who owns 1.4% of the company, had also urged Illumina to unwind the Grail deal which he called a risky acquisition.

Persons: Mike Blake, Illumina, Carl Icahn, Francis deSouza, Vincent Intrieri, Diane Bartz, Mrinmay Dey, Jamie Freed, Edwina Gibbs Organizations: REUTERS, WASHINGTON, Federal Trade Commission, Fifth, Appeals, FTC, Illumina, Thomson Locations: San Diego , California, U.S, Diego, Europe, EU

The PGA Tour, DP World Tour and one-time bitter rivals LIV Golf circuit announced a landmark agreement on Tuesday to merge. But Trump, who owns three courses on LIV Golf's 14-event schedule for 2023, celebrated the deal in a Truth Social post. "Great news from Liv Golf. The PGA Tour had responded by dramatically raising prize money for some events. The deal could also be seen as good for consumers, according to Steve Ross, a sport antitrust expert at Pennsylvania State University's law school.

Persons: Donald Trump, Yasir Al, LIV, Read, Jamal Khashoggi, Rumayyan, Richard Blumenthal, Chris Murphy, Trump, LIV Golf's, Liv Golf, PGA's, Seth Bloom, hasn't, Steve Ross, Nevena Simidjiyska, Diane Bartz, Echo Wang, Steve Keating, Tyler Clifford, Rosalba O'Brien Organizations: Trump National Golf Club, PGA Golf, Saudi Arabia Public Investment Fund, Liv, Department of Justice, Bloom, Pennsylvania State, Reuters, of Foreign Investment, Treasury, Fox Rothschild LLP, Thomson Locations: Washington, DC, USA, Sterling , Va, WASHINGTON, Saudi, Kingdom, American, United States, U.S

☆ U.N. judges expand conviction of Milosevic aides in final Yugoslav tribunal case
▼ + stars: | 2023-05-31 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +1 min

[1/5] Former head of Serbia's state security service Jovica Stanisic appears in court at the UN International Residual Mechanism for Criminal Tribunals (IRMCT) in The Hague, Netherlands May 31, 2023. REUTERS/Piroschka van de Wouw/PoolTHE HAGUE, May 31 (Reuters) - U.N. judges on Wednesday expanded the convictions of two former Serbian spymasters who worked for Yugoslav ex-president Slobodan Milosevic and sentenced them to 15 years in the final case before the tribunal in The Hague dating from the Balkan wars of the 1990s. The former head of Serbia's state security service, Jovica Stanisic, and his subordinate Franko "Frenki" Simatovic could be held responsible for crimes in several Bosnian municipalities and one Croatian one due to their role in financing and training Serb militias during the break-up of Yugoslavia, appeals judges said. The Appeal chamber found Stanisic and Simatovic "shared the intent to further the common criminal plan to forcibly and permanently remove the majority of non-Serbs from large areas of Croatia and Bosnia", presiding judge Judge Graciela Gatti Santana said, reading a summary of the verdict expanding their convictions. Reporting by Stephanie van den Berg; Editing by Toby Chopra and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: Stanisic, de, Serbian spymasters, Slobodan Milosevic, Jovica Stanisic, Franko, Frenki, Graciela Gatti Santana, Stephanie van den Berg, Toby Chopra, Philippa Fletcher Organizations: UN, REUTERS, HAGUE, Yugoslav, Thomson Locations: The Hague, Netherlands, Serbian, Bosnian, Yugoslavia, Croatia, Bosnia

May 31 (Reuters) - American Airlines Group (AAL.O) will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp (JBLU.O), American CEO Robert Isom said on Wednesday. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference. American is the largest U.S. airline by fleet size and low-cost carrier JetBlue is the sixth largest. Even as the Texas-based carrier prepares to appeal the ruling, Isom said it will have to work with the Justice Department and JetBlue to figure out what it does in the interim. American, which reiterated its full-year profit forecast Wednesday, doesn't expect the court ruling to have a material impact on its earnings.

Persons: Robert Isom, Leo Sorokin, We've, Isom, Sorokin, Joe Biden's, doesn't, Rajesh Kumar Singh, David Shepardson, Diane Bartz, Deepa Babington, Lisa Shumaker Organizations: American Airlines Group, JetBlue Airways Corp, . U.S, District, Bernstein Conference, JetBlue, U.S . Justice Department, U.S, Justice Department, Thomson Locations: U.S, American, ., Boston, New York, Texas, Chicago, Washington

☆ Factbox: Key facts on Kosovo, independent for 15 years from Serbia
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +5 min

Here are key facts about the small western Balkan republic:POPULATION: Around 1.8 million, according to the most recent census in 2011, which local Serbs boycotted. HISTORY & PEOPLE: Kosovo became part of the Kingdom of Serbia in the early 13th century, with a mixed population of ethnic Albanians, Serbs and Vlachs. Mutual expulsions and migrations to and from neighbouring Albania in the early 20th century changed Kosovo's ethnic makeup. He accused Kosovo Albanians of persecuting local Serbs and restricted their rights in education and local government. It backs nationalist minority Serbs in north Kosovo boycotting the state, creating a de facto partition.

WASHINGTON, May 28 (Reuters) - U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote. The deal, if approved, will prevent the U.S. government from defaulting on its debt and comes after weeks of heated negotiations between Biden and House Republicans. "I strongly urge both chambers to pass that agreement," Biden said, adding that he expected McCarthy to have the necessary votes for the deal to pass. The deal has drawn fire from hardline Republicans and progressive Democrats, but Biden and McCarthy are banking on getting enough votes from both sides. McCarthy dismissed threats of opposition within his own party, saying "over 95%" of House Republicans were "overwhelmingly excited" about the deal.

WASHINGTON, May 28 (Reuters) - U.S. President Joe Biden said on Sunday he had finalized a budget agreement with U.S. House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling and that the deal was ready to move to Congress for a vote. "I strongly urge both chambers to pass that agreement," Biden said, adding that he expected McCarthy to have the necessary votes for the deal to pass. The deal has drawn fire from hardline Republicans and progressive Democrats, but Biden and McCarthy believe they have enough votes from moderates on both sides. [1/2] U.S. President Joe Biden speaks on his deal with House Speaker Kevin McCarthy (R-CA) to raise the United States' debt ceiling at the White House in Washington, U.S., May 28, 2023. But McCarthy dismissed threats of opposition within his own party, saying "over 95%" of House Republicans were "overwhelmingly excited" about the deal.

Hours later, the Democratic president said he was confident the legislation would pass both chambers of Congress to avoid a U.S. government default. Biden and McCarthy were due to speak later on Sunday to finalize the agreement, which has drawn fire from hardline Republicans and progressive Democrats. House Republicans expected on Sunday to unveil legislation to pass the deal. But McCarthy dismissed threats of opposition within his own party, saying "over 95%" of House Republicans were "overwhelmingly excited" about the deal. The deal would also impose a 1% across-the-board spending cut should Congress fail to enact 12 appropriations bills by Oct. 1.

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