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☆ Ukrainian partisans say they killed dozens of Russian soldiers by poisoning their food
▼ + stars: | 2023-10-17 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Ukrainian resistance fighters say they've conducted a mass poisoning of Russian soldiers. Partisans in occupied Mariupol say they killed 26 soldiers, according to the Kyiv Post. Mariupol, in the south of Ukraine, has been under Russian occupation since May 2022. AdvertisementAdvertisementUkrainian resistance fighters in occupied Mariupol say they've killed 26 Russian soldiers, the majority of whom died by poisoning, according to the Kyiv Post. In a post on Telegram, he added that over the summer more than 40 Russian soldiers had been killed by Mariupol's resistance fighters.

Persons: they've, —, Vladimir Putin, Petro Andriushchenko, Andriushchenko Organizations: Service, UK's Ministry of Defence, Russian Navy Locations: Kyiv, Mariupol, Ukraine, Russian, Russia

☆ Biden has 'tough questions' for Netanyahu, Gaza strike upends Israel trip
▼ + stars: | 2023-10-17 | by ( Steve Holland | ) www.reuters.com time to read: +4 min

After his meetings in Israel, Biden had planned to travel to Jordan for meetings with Arab leaders, but that stop was canceled after the strike on the hospital which Palestinian officials blamed on Israel and Israel blamed on the Palestinian Islamic Jihad group. "He'll be asking some tough questions, he'll be asking them as a friend, as a true friend of Israel, but he'll be asking some questions of them," Kirby said. Kirby declined to specify the nature of the questions Biden intended to ask beyond "what their plans are going forward." [1/4]U.S. President Joe Biden walks as he departs Joint Base Andrews for a high-stakes visit to Israel, in Maryland, U.S., October 17, 2023. It was unclear what he could accomplish in the wake of the hospital strike, conflicting reports about responsibility, and the cancellation of the summit in Jordan.

Persons: Joe Biden, Biden, Benjamin Netanyahu, Israel, Netanyahu, John Kirby, he'll, Kirby, Base Andrews, Evelyn Hockstein, Richard Gowan, U.N, ” Biden, Jordan's King Abdullah, Abdel Fattah al, Mahmoud Abbas, Abbas, Rashida Tlaib, Steve Holland, Michelle Nichols, Matt Spetalnick, Jeff Mason, Cynthia Osterman, Stephen Coates Organizations: AIR FORCE ONE, Islamic, Air Force, Base, REUTERS, Washington, Crisis, Israeli, U.S, American, Palestinian, Democrat, Council, Islamic Relations, Thomson Locations: Gaza, Israel, Jordan, Tel Aviv, United States, Maryland, U.S, Amman, Egypt

AdvertisementAdvertisementA report from the National Institute on Retirement Security found that Gen X is woefully unprepared for retirement. However, Gen X is increasing retirement savings now, and government programs could provide extra help. Gen X and retirement: The statisticsThe oldest Gen Xers turn 58 this year — only a few years away from retirement and claiming Social Security benefits . AdvertisementAdvertisementMost Gen Xers are failing to meet retirement savings targets regardless of race, gender, marital status, or income. This meant that there was no longer a guaranteed benefit amount from the employer upon retirement; retirement savings became solely the responsibility of the employee.

Persons: X, Gen Xers, Gen X, —, millennials, Xers, haven't Organizations: National Institute on Retirement Security, Service, Boomers, Social, Fidelity Investments, Gen, National Institute on Retirement, Social Security

WASHINGTON (AP) — Secretary of State Antony Blinken called Niger’s deposed President Mohamed Bazoum on Monday ahead of an expected decision by the Biden administration to formally declare that his overthrow was a coup d’etat. “The United States calls for the immediate release of all those unjustly detained following the military takeover,” the department said. The administration had been delaying a coup decision because Niger plays a critical role in U.S. counterterrorism activity in Africa's Sahel region. The officials could not say if the expected coup determination would result in the withdrawal of any U.S. personnel from Niger. The U.S., France and other European countries had poured hundreds of millions of dollars into shoring up the Nigerien military.

Persons: Antony Blinken, Mohamed Bazoum, Biden, Blinken, Blinken “, Blinken's, —, Emmanuel Macron Organizations: WASHINGTON, —, The State Department, State Department, Pentagon, Islamic, Nigerien Locations: Niger, United States, Sahel, The U.S, France

☆ GM is shaping up to be the hardest hit by the UAW strike
▼ + stars: | 2023-10-08 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +6 min

GM has the most workers on strike of all the Detroit 3. AdvertisementAdvertisementThe ongoing United Auto Workers strike is taking a multi-million dollar toll on all three Detroit-based automakers, but General Motors might be hit the hardest so far. GM narrowly avoided a fourth strike Friday with an offer that delayed Fain's weekly update for members. This is also the second time in four years that GM has experienced a strike . AdvertisementAdvertisementAnd of the three automakers, GM also has the most striking workers and has temporarily laid off the most workers due to the strike.

Persons: —, Stellantis, Shawn Fain, Fain, Dan Ives, Mary Barra's, Tesla, Jim Cain, Cain, Ford, Ford's, Sam Fiorani, Fiorani, there's, It's, Cox, GM wasn't, Edmunds, Jessica Caldwell Organizations: GM, Detroit, Service, United Auto Workers, UAW, Ford, UAW nabbed, Detroit automakers, Wedbush Securities, Cox, AutoForecast Solutions, Jeep, Chrysler, Dodge, Buick, GMC, Chevrolet, Cadillac, Deutsche Bank Locations: Detroit, Arlington , Texas, Lincoln

☆ UK PM Rishi Sunak scraps major high-speed rail link; plans to phase out smoking
▼ + stars: | 2023-10-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

U.K. Prime Minister Rishi Sunak used his headline speech at the close of the conference to reassert his authority and outline a number of new policies. Bloomberg | Getty ImagesMANCHESTER, ENGLAND — U.K. Prime Minister Rishi Sunak on Wednesday unveiled a raft of new policies aimed at shoring up waning support for his Conservative Party ahead of next year's General Election. Sunak used the decision to position himself as the change candidate, saying that he would "fundamentally change" the country. "For the first time in the lifetime of this project, we will have cut costs," Sunak said. watch nowCritics on both sides of the political spectrum have accused the prime minister of stifling the countries' long-term prospects in the interests of short-term political gain.

Persons: Rishi Sunak, Sunak, Mayor Andy Street, Andy Burnham, BBC Sunak Organizations: Bloomberg, Getty Images, Conservative Party, Conservative Party Conference, Westminster, West, Mayor, Conservatives, Labour, BBC Locations: Getty Images MANCHESTER, ENGLAND, Manchester, England, Birmingham, Greater Manchester, London

[1/2] A worker clears debris so delivery vehicles can exit a FedEx Ground distribution center in this aerial photograph taken over Carson, California, U.S., September 16, 2022. "They have to fight for every package right now, it's great for shippers," said LJM Consultants partner Kenneth Moyer, a former UPS pricing negotiator who now works with delivery customers. The world's biggest parcel delivery firm added it is using price negotiations to encourage attractive high-margin or high-volume customers, while discouraging high-cost deliveries. Third quarter ground delivery rates are forecast to fall 0.55% per package versus a the year earlier period, according to the TD Cowen/AFS Ground Pacrel Freight Index. But experts are skeptical, particularly as UPS offers to cover early termination fees for customers that switched to FedEx.

Persons: Bing Guan, That's, Kenneth Moyer, Deyman Doolittle, Wall, Moyer, Mark Taylor, Taylor, Satish Jindel, ShipMatrix, Micheal McDonagh, Yokeley, Lisa Baertlein, Ben Klayman, Aurora Ellis Organizations: FedEx, REUTERS, United Parcel Service, UPS, U.S . Postal Service, LJM, Cowen, Reuters Graphics Reuters, Teamster, Department, USPS, Amazon, AFS Logistics, International Brotherhood of Teamsters, Teamsters, Thomson Locations: Carson , California, U.S, Macy's, Los Angeles

☆ 'Just shut your mouth:' Populist Republicans back UAW workers' demands while slamming union leadership
▼ + stars: | 2023-09-26 | by ( Bryan Metzger | Nora Naughton | ) www.businessinsider.com time to read: +11 min

Hawley and Vance support striking auto workers, but they're not on the same page as union leadership. AdvertisementAdvertisementAs strikes at auto manufacturing plants continue across the country, some populist-minded Republicans are breaking from their party's long-standing orthodoxies and backing the United Auto Workers' demands. Last week, Fain even slammed Donald Trump as part of the "billionaire class" following the news that the former president would address union workers in Michigan this week. So far, the only company that has figured out how to squeeze consistent profits out of electric cars is Tesla, which does not use more union labor. The union is now aiming to rebuild its reputation and influence in automotive labor and the labor movement writ large.

Persons: Hawley, Vance, they're, It's, —, what's, Sen, JD Vance, Ohio, Josh Hawley, Biden, Shawn Fain, They've, Fain, Donald Trump, Sherrod Brown, Brown, we've, Detroit's Ford, Matt Wegener, Wegener, EVs, Charmonique Demings, Trump —, Trump Organizations: PRO, Service, United Auto Workers, Republicans, UAW, GM, Stellantis, Biden's, Democrat, Michigan Assembly, Ford's Michigan, Trump, US, Detroit —, National Labor Relations Board, Supreme, Bloomberg, Biden, Battery, EV, Volkswagen, Tesla, Republican, Ford, Democratic, Democratic Party, American Locations: Josh Hawley of Missouri, China, Wentzville , Missouri, Michigan, Ohio, Detroit, Trump's Michigan, States, Mexico, Canada, Missouri

☆ South Korea Hosts Japan, China as US Allies Try to Reassure Beijing
▼ + stars: | 2023-09-25 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

A senior South Korean government official said China has been proactive in seeking trilateral cooperation and arranging meetings since relations soured between Seoul and Beijing in 2017 over the deployment of a U.S. THAAD anti-missile system in South Korea. Japan and South Korea have an interest in avoiding conflicts and maintaining a stable security relationship with China, and Beijing's assistance in slowing down, if not halting, North Korea's extensive nuclear development program, he added. Tuesday's meeting involve South Korean Deputy Foreign Minister Chung Byung-won, Japanese Senior Deputy Foreign Minister Takehiro Funakoshi, and Nong Rong, China's assistant minister of foreign affairs. Chinese foreign ministry spokesperson Wang Wenbin told a briefing on Monday that China, Japan and South Korea are close neighbours and important cooperative partners, and strengthening trilateral cooperation serves their common interests. The trilateral summits have traditionally involved China's prime minister, but South Korea is also pushing for a separate visit by President Xi Jinping.

Persons: Josh Smith, Hyonhee Shin, Yoon Suk Yeol, Fumio Kishida, Joe Biden, Tong Zhao, Zhao, Chung Byung, Takehiro Funakoshi, Nong Rong, Wang Wenbin, Xi Jinping, Hyonhee, Liz Lee, Gerry Doyle Organizations: South Korean, Carnegie Endowment, International Peace Locations: Hyonhee Shin SEOUL, South Korea, China, Japan, Washington, Seoul, Tokyo, Korea, Beijing, U.S, United States

Those talks were suspended amid legal, diplomatic, and trade disputes between Seoul and Tokyo over issues dating to Japan's 1910-1945 occupation of Korea. A senior South Korean government official said China has been proactive in seeking trilateral cooperation and arranging meetings since relations soured between Seoul and Beijing in 2017 over the deployment of a U.S. THAAD anti-missile system in South Korea. Tuesday's meeting involve South Korean Deputy Foreign Minister Chung Byung-won, Japanese Senior Deputy Foreign Minister Takehiro Funakoshi, and Nong Rong, China's assistant minister of foreign affairs. Chinese foreign ministry spokesperson Wang Wenbin told a briefing on Monday that China, Japan and South Korea are close neighbours and important cooperative partners, and strengthening trilateral cooperation serves their common interests. The trilateral summits have traditionally involved China's prime minister, but South Korea is also pushing for a separate visit by President Xi Jinping.

Persons: Park Jin, Japan Takehiro Funakoshi, Foreign Affairs of China Nong Rong, Jung Byung, Yoon Suk Yeol, Fumio Kishida, Joe Biden, Tong Zhao, Zhao, Chung Byung, Takehiro Funakoshi, Nong Rong, Wang Wenbin, Xi Jinping, Josh Smith, Hyonhee, Liz Lee, Gerry Doyle Organizations: South Korean Foreign, Foreign Affairs, Japan, Foreign Affairs of, Political Affairs, South Korean, Carnegie Endowment, International Peace, Thomson Locations: Foreign Affairs of China Nong, SEOUL, South Korea, China, Japan, Washington, Seoul, Tokyo, Korea, Beijing, U.S, United States

☆ One rural Alabama school district figured out how to improve students' math scores: longer classes, group learning, and data diving
▼ + stars: | 2023-09-23 | by ( Trisha Powell Crain | Associated Press | ) www.businessinsider.com time to read: +8 min

Teachers got more time to dig into student test score data and lengthened classes to focus on specific skills. By spring 2022, the district ranked 12th in the state on math proficiency, with 57% of students reaching proficiency. There is less research on the use of targeted small group instruction in math and in middle grades. Math teacher Cheyenne Crider helps a seventh-grade student with a math problem at Piedmont Middle School in Piedmont, Alabama, on Thursday, Aug. 31, 2023. She oversees training for middle school math teachers through the Alabama Math Science and Technology Initiative.

Persons: Mike Hayes, Rebecca Dreyfus, TNTP, Dreyfus, Trisha Powell Crain, Hayes, " Hayes, Cassie Holbrooks, Lisa Hayes, Cheyenne Crider, Keri Richburg, Richburg, Holbrooks, Landon Pruitt, Pruitt Organizations: Teachers, Service, Piedmont City, Nationwide, AP Piedmont, Piedmont Middle, AP, Alabama Math Science, Technology Initiative, Research, Associated Press, Carnegie Corporation of New, Christian Science Monitor, Dallas Morning News, Idaho Education, Courier, The Seattle Times Locations: Alabama's, Wall, Silicon, Ala, Alabama, Piedmont , Alabama, Holbrooks, Piedmont, Carnegie Corporation of New York, Idaho, South Carolina

REUTERS/Angus Mordant/File Photo Acquire Licensing RightsNEW YORK, Sept 19 (Reuters) - A federal judge on Tuesday said DoorDash (DASH.N), Grubhub (TKWY.AS) and Uber Eats (UBER.N) can sue New York City over a law capping how much they can charge restaurants for delivering meals. "Good news from New York City," CEO of Grubhub's parent company Just Eat Takeaway, Jitse Groen, wrote on X, formerly known as Twitter. Woods said the plaintiffs adequately alleged that the law unconstitutionally interfered with their ability to collect higher commissions under their contracts with restaurants. The plaintiffs have said commission caps would necessitate higher delivery fees, resulting in higher prices for consumers and less revenue for restaurants. The case is DoorDash Inc et al v City of New York, U.S. District Court, District of New York, No 21-07564.

Persons: Angus Mordant, DoorDash, Gregory Woods, Nicholas Paolucci, Grubhub, Jitse Groen, Woods, Jonathan Stempel, Diana Mandiá, Mark Potter, Timothy Gardner Organizations: REUTERS, New, Constitution, New York, City Council, Council, Twitter, Thomson Locations: Manhattan , New York, U.S, New York City, Manhattan, New York, Amsterdam, San Francisco, City of New York, Gdansk

Now she stood near the Koutoubia Mosque, where she and other Marrakesh residents once prayed regularly, filling it during the holy fasting month of Ramadan or the days of Eid. Its square had been sealed off by metal barriers and police tape while experts assessed the damage, but no final diagnosis had been made, according to a government official. “I would love to go there and pray for the dead,” said Ms. Chuegra, “but I’m afraid it might collapse.”Elsewhere in Marrakesh, several museums, as well as the 16th-century El Badi Palace (often translated as “The Incomparable”) and the late 19th-century El Bahia Palace (“The Beautiful”) were closed to visitors. Experts have judged them to be in serious condition, and what appeared to be materials for shoring up the structure of El Badi were piled outside the palace on Wednesday. Residents said the apparently untouched or lightly cracked exterior walls of the homes hid serious destruction within.

Persons: “, ”, Chuegra, El Organizations: Residents Locations: Koutoubia, Marrakesh, Bahia, El Badi, Medina, guesthouses

SACRAMENTO, Calif. (AP) — California lawmakers were scheduled to vote Thursday on whether to give Democratic Gov. Five companies paid roughly $750 million last year to lease areas off the California coast to build wind turbines. The bill before lawmakers Thursday would let the state buy the power. Consumers would not pay it until the wind projects are up and running, likely several years from now. The bill lawmakers approved on Wednesday also includes provisions to fast-track new electric transmission projects.

Persons: Gavin Newsom's, Alex Jackson, ”, Sen, Brian Dahle, ” Scott Wetch, Newsom, Henry Stern, Alice Reynolds, ” Reynolds Organizations: Democratic Gov, American Clean Power Association, Republican, of Water Resources, Democratic, California Public Utilities Commission Locations: SACRAMENTO, Calif, California

The United States imported nearly $127.5 billion in goods from Vietnam in 2022, compared with $101.9 billion in 2021 and $79.6 billion in 2020, according to US government data. The United States needs a trusted partner for its supply of chips, and Vietnam can do just that, Osius said. But that compares favorably with a global growth forecast of 3%, and is noticeably faster many of the world’s major economies, such as the United States, China and the eurozone. Politically, Vietnam shares many similarities to China in that it is an authoritarian one-party state that tolerates little dissent. Vietnam is an obvious choice, because it’s a cheap alternative to manufacturing in China, said García-Herrero.

Persons: Joe Biden, ”, Donald Trump’s, Nguyen Phu Trong, Biden, Antony Blinken, Evan Vucci, ” Ted Osius, Janet Yellen, Michael Every, Alicia García, Osius, chipmaker, Ho, “ We’re, Natixis, ” Osius, “, — CNN’s Kyle Feldscher, Jeremy Diamond, Kevin Liptak Organizations: Hong Kong CNN, America, Apple, Intel, House, Communist Party of, ASEAN Business Council, CNN, United, Atlantic Council, Rabobank, White House, United State, Monetary Fund, “, Netflix, Boeing Locations: Hong Kong, Vietnam, Washington, Hanoi, China, Asia, India, Communist Party of Vietnam, United States, Hanoi Nguyen Huy Kham, United, Beijing, The California, Ho Chi Minh City, Asia underwhelms

☆ China’s cautious property giants may be rewarded
▼ + stars: | 2023-09-08 | by ( Chan Ka Sing | ) www.reuters.com time to read: +4 min

Yu Liang, president of China Vanke Co Ltd, China's top property developer, attends a news conference announcing the company's annual results in Hong Kong March 6, 2014. China Vanke Co Ltd on Thursday posted a 20.5 percent rise in net profit for 2013, in line with estimates, driven by record contracted sales last year. Yu Liang told investors last week that the property market in the world’s second-largest economy was “oversold”. The chair of $22 billion China Vanke (000002.SZ) is worth listening to. On the same day, the company reported a 19% decline in net profit to 9.9 billion yuan ($1.35 billion) for the six months to the end of June.

Persons: Yu Liang, Bobby Yip, ”, Vanke, homebuyers, Xi Jinping, Xi, Una Galani, Thomas Shum Organizations: China Vanke Co, REUTERS, Reuters, China, Mainland, HK, Securities Times, Shenzhen Metro Group, Thomson Locations: China, Hong Kong, HONG KONG, Shenzhen, Evergrande’s

YAHIDNE, Ukraine — Ukraine's military is making "very tangible progress" in its counteroffensive against Russian forces, Secretary of State Antony Blinken told NBC News on Thursday. He also placed the blame for a lack of peace talks at the door of the Kremlin. Ukrainians "knew this was going to be a hard fight but especially over the last couple of weeks, we are seeing very tangible progress," Blinken said in an interview. He said that he had heard a very detailed report from Ukrainian President Volodymyr Zelenskyy, who recently visited the front lines, and his military advisers. "I think we are seeing real forward movement," Blinken added.

Persons: Antony Blinken, Ukraine —, Ukraine's, Blinken, Volodymyr Zelenskyy Organizations: State Border Guard, Security and, Russian, NBC, Kyiv, Kremlin Locations: Ukraine, Kyiv Oblast, YAHIDNE, Ukraine's, Yahidne, Russian

☆ Biden blasts Trump on jobs in Labor Day speech
▼ + stars: | 2023-09-05 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBiden blasts Trump on jobs in Labor Day speechPostedU.S. President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labor Day speech aimed at shoring up support in Pennsylvania, one of a handful of states that are seen as politically competitive and likely to determine who wins the White House in 2024. Gabe Singer reports.

Persons: Joe Biden, Donald Trump, Gabe Singer Organizations: Biden, Trump, Labor, House Locations: Pennsylvania

☆ Oil prices gain after Saudi Arabia extends voluntary oil production cut until end of 2023
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: +2 min

On Tuesday, Saudi Arabia extended its 1-million-barrels-per-day voluntary oil production cut until the end of the year, according to the state-owned Saudi Press Agency. China, the world's second-largest economy, is considered crucial to shoring up oil demand over the rest of the year. Saudi Arabia is widely expected to extend voluntary oil cuts into October and Russia will unveil a new OPEC+ supply cut deal this week, according to its deputy prime minister. Moscow has already announced it will cut exports by 300,000 barrels per day (bpd) in September, following a 500,000 bpd cut in August. Riyadh is also expected to roll over a voluntary 1 million bpd cut into October.

Persons: Brent Organizations: U.S, West Texas Intermediate, Saudi Press Agency, European Union, Federal, ING Locations: Long Beach , California, Saudi Arabia, China, Britain, Russia, Moscow, Riyadh

[1/7] U.S. President Joe Biden delivers remarks celebrating Labor Day and honoring America’s workers and unions at the Annual Tri-State Labor Day Parade at Sheet Metal Workers' Local Union 19, in Philadelphia, Pennsylvania, U.S., September 4, 2023. A self-described champion of labor unions, Biden addressed union workers in Philadelphia as he sought to explain his economic policies to a public worried about the economy, despite easing inflation and low unemployment levels. "It wasn't that long ago we were losing jobs in this country," Biden said ahead of a parade marking the U.S. Labor Day holiday. Economic issues are likely to play a critical role in the 2024 presidential race, a likely rematch between Biden and Trump. A Reuters/Ipsos poll last month showed that the economy, unemployment and jobs remained Americans' top concern.

Persons: Joe Biden, Joshua Roberts, Donald Trump, Biden, Trump, nibbled, Jerome Powell, Trevor Hunnicutt, Jeff Mason, Scott Malone, Tomasz Janowski Organizations: Labor, State Labor, Metal Workers, Local, REUTERS, Rights, U.S, Biden, Reuters, Trump, Republican, Workers, International Union Local, week's Labor Department, Milwaukee Journal, Sentinel, Republicans, Thomson Locations: Philadelphia , Pennsylvania, U.S, Philadelphia, America, China, Pennsylvania, Rehoboth Beach , Delaware

☆ Biden takes shot at Trump on jobs in Philadelphia
▼ + stars: | 2023-09-04 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBiden takes shot at Trump on jobs in PhiladelphiaPostedU.S. President Joe Biden took shots at his likely 2024 rival, former President Donald Trump, on Monday in a Labor Day speech aimed at shoring up support in a state he needs to win next year to retain the White House.

Persons: Biden, Joe Biden, Donald Trump Organizations: Trump Locations: Philadelphia

☆ A net of justice is tightening around 2020 election deniers and may be closing in on Trump
▼ + stars: | 2023-09-01 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —It turns out that there is a heavy price for trying to steal votes, defaming defenseless election workers and invading the US Capitol to try to thwart a democratic transfer of presidential power. A lawyer for the two election workers vowed on CNN to pursue accountability “to the end of the Earth” in a damages trial. While Trump claims such cases are an example of a “witch hunt,” the judicial process is grinding slowly on. Yet no democracy would last long if it failed to respond to the alleged crimes committed by Trump and his acolytes after the 2020 election. Michael Gottlieb, an attorney for the election workers, said he expected that his clients would see restitution after a trial date for damages between November and February.

Persons: Donald Trump, Timothy Kelly, Trump, Rudy Giuliani, Giuliani, Joe Biden’s, Mark Meadows, –, Tanya Chutkan, he’s, Joe Biggs, Zachary Rehl, Biggs, “, ”, ” Kelly, Ruby Freeman, Shaye Moss, movingly, Freeman, scammer ”, Moss, Michael Gottlieb, ” Gottlieb, CNN’s Jake Tapper, Rehl, ” Rehl Organizations: CNN, Capitol, White House, Trump, FBI, Republican Party, Justice, Proud Boys, Justice Department, “, Democratic, Force Locations: Georgia, Washington ,, Arizona, Washington , DC, America

☆ Yellen to attend India G20 summit, focus on economy, climate, Ukraine
▼ + stars: | 2023-08-31 | by ( David Lawder | ) www.reuters.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen addresses the media, along with Indian Finance Minister Nirmala Sitharaman, on the sidelines of a G20 meeting at Gandhinagar, India, July 17, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - U.S. Treasury Secretary Janet Yellen will travel to New Delhi to participate in the G20 leaders summit from Sept. 7-10, making her fourth visit to India in 10 months, the Treasury Department said on Thursday. Yellen intends to focus at the summit on strengthening the global economy and supporting low- and middle-income countries by advancing efforts on debt restructurings, the evolution of multilateral development banks (MDBs) and building International Monetary Fund trust fund resources, the Treasury said. The Treasury said Yellen also will rally America's G20 allies to maintain economic support for Ukraine and increase costs on Russia over Moscow's continuing war in Ukraine. Reporting by David Lawder Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Nirmala Sitharaman, Amit Dave, Yellen, Moscow's, Yi Gang, David Lawder, Bill Berkrot Organizations: Treasury, Indian Finance, REUTERS, Rights, . Treasury, Monetary Fund, Bank, People's Bank of, Thomson Locations: Gandhinagar, India, New Delhi, Ukraine, Russia, China, U.S, Indonesia, People's Bank of China's, Beijing

☆ UBS inherits tricky wealth legacy in Asia
▼ + stars: | 2023-08-29 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, Aug 29 (Reuters Breakingviews) - UBS (UBSG.S) CEO Sergio Ermotti is facing an Asian wealth bonanza after acquiring Credit Suisse, which has been particularly strong in Indonesia and neighbouring countries. Tidjane Thiam, who ran Credit Suisse from 2015 to 2020, placed a big bet on the region by creating g a standalone Asian unit led by Indonesian banker Helman Sitohang. Former UBS CEO Ralph Hamers said in March that in Asia, more than anywhere globally, the interplay between wealth management and investment banking was important to lure clients. That working combination helped Credit Suisse regularly top equity capital markets and M&A league tables in Southeast Asian markets. UBS regional chief Edmund Koh told an industry event in July that the Swiss bank will manage about $800 billion of assets in Asia this year, Asia Private Banker reported.

Persons: Sergio Ermotti, Tidjane Thiam, Helman Sitohang, Ralph Hamers, Edmund Koh, Ermotti, Francesco De Ferrari, Benjamin Cavalli, Lisa Jucca, Thomas Shum Organizations: Reuters, UBS, Credit Suisse, Suisse, Credit Suisse’s, Credit, Asia, Banker, HSBC, HK, Thomson Locations: SINGAPORE, Indonesia, Swiss, Asia

☆ Xpeng’s Didi deal is smart shortcut to growth
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

An Xpeng P5 electric vehicle (EV) is seen displayed during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. It’s buying compatriot Didi’s smart EV unit and paying $744 million, or 3.25% of its own stock. For its part, Didi seems to have given up its ambition to break into capital-intensive EV manufacturing, and that’s probably a smart move for a company stuck in listing limbo. It’s unclear if the deal with Didi will dilute VW’s shareholding but Xpeng’s worth is at least rising. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Aly, Didi, that’s, Li Auto, BYD, Una Galani, Thomas Shum Organizations: Auto Shanghai, REUTERS, Rights, Reuters, HK, Volkswagen, EV maker’s, X, Thomson Locations: Shanghai, China

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