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☆ Cyber Monday sales to touch up to $11.6 bln as shoppers go discount hunting
▼ + stars: | 2022-11-28 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Adobe Analytics, which measures e-commerce by analyzing transactions at websites, has access to data covering purchases at 85% of the top 100 internet retailers in the United States. Cyber Monday sales fell 1.4% last year as retailers spread out promotional deals across weeks from as early as October to better manage inventories amid widespread product shortages. Walmart (WMT.N) and Best Buy websites also showed discounts worth hundreds of dollars on high-end laptops and televisions. Shoppers will find record discounts today for computers, peaking at 27% off listed price, while nearly all other categories, including apparel, toys and furniture, also have double-digit discounts, Adobe said. U.S. shoppers spent a record $9.12 billion online on Black Friday, according to Adobe Analytics.

☆ Sovereign investors favour U.S., India as top 2022 investment markets, study says
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eduardo Munoz/File PhotoLONDON, Nov 21 (Reuters) - India has emerged as the second most coveted investment market after the United States for sovereign wealth funds and public pensions funds in 2022, according to a study by asset manager Invesco published on Monday. Sovereign investors, which now manage some $33 trillion in assets, have also seen a rapid rise in allocations to private markets, though this development might start to slow with fixed income back in favour, the Invesco Global Sovereign Asset Management Study said. "Over the last 10 years sovereign investors have invested with the wind at their backs thanks to the secular bull market that emerged from the global financial crisis," said Rod Ringrow, Invesco's head of official institutions. Average annual returns for sovereign investors over the past decade stood at 6.5% and, for sovereign wealth funds alone, at 10% in 2021, Invesco found. While the United States remained the top destination, some sovereign investors were keen to rebalance portfolios, fearing they had become overly reliant on U.S. markets which left them vulnerable to the correction in equity markets seen this year, Invesco said.

☆ Flutter sees five-fold jump in revenue at U.S. Fanduel unit long term
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] People make their bets at the FANDUEL sportsbook during the Super Bowl LIII in East Rutherford, New Jersey, U.S., February 3, 2019. REUTERS/Eduardo MunozDUBLIN, Nov 16 (Reuters) - Flutter (FLTRF.L) sees revenue at its rapidly growing and market leading U.S. Fanduel business jumping by 4.5 to 5-times over the long term, the world's largest online betting firm said on Wednesday. Flutter, which upgraded its full-year revenue guidance for Fanduel to between $2.95 billion to $3.2 billion last week, told investors that it expects the overall value of the U.S. sports betting and online gaming market to rise to $40.5 billion by 2030 from $9 billion currently. "We do believe that we'll be on that high end of the range - five times," Fanduel Chief Executive Amy Howe said at an investor day, adding that Fanduel was "incredibly confident" of turning a profit for the first time in 2023. Reporting by Padraic Halpin; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

☆ Actor Kevin Spacey faces more sexual assault charges in Britain
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 16 (Reuters) - Britain's Crown Prosecution Service (CPS) has authorised seven additional charges against Oscar-winning actor Kevin Spacey for a number of sexual assaults against one man between 2001 and 2004, it said on Wednesday. The new CPS charges include one of causing a person to engage in sexual activity without consent and others of indecent and sexual assault. Spacey, 63, was previously accused of five offences in Britain - four counts of sexual assault by touching, and a more serious charge of causing a person to engage in penetrative sexual activity without consent. 71st Tony Awards – Arrivals – New York City, U.S., 11/06/2017 - Actor Kevin Spacey. Spacey's defence lawyer in Britain, Patrick Gibbs, did not immediately respond to an email seeking comment on the latest charges.

☆ Ukraine hails China's opposition to nuclear threats
▼ + stars: | 2022-11-15 | by ( Jonathan Landay | ) www.reuters.com time to read: +6 min

Zelenskiy, who had earlier visited Kherson, the biggest prize his troops have recaptured since the invasion began in February, welcomed Monday's remarks. "It is important that the United States and China jointly highlighted that the threats of using nuclear weapons were unacceptable," Zelenskiy said in a late Monday address. Zelenskiy said Ukraine had gathered evidence of at least 400 war crimes committed by Russian troops during their occupation of the area, including killings and abductions. Mass burial sites have been found in other parts previously occupied by Russian troops, including some with civilian bodies showing signs of torture. Russia says it is waging a "special military operation" in Ukraine to rid it of nationalists and protect Russian-speaking communities.

☆ Tiger Global, Coatue, and other hedge funds tried to upend venture capital. It backfired and now they're 'licking their wounds,' VCs say.
▼ + stars: | 2022-11-11 | by ( Darius Rafieyan | Melia Russell | ) www.businessinsider.com time to read: +10 min

New investments by Tiger Global and Coatue fell 60% and 67%, respectively, this year. "They're licking their wounds," said Nihal Mehta, a founding partner at Eniac Ventures, whose portfolio includes the marketing-tech startup Attentive, a crown jewel of Tiger Global and Coatue's portfolios. Speaking to founders, Mehta hears crossover funds come up less and less in conversation, and partners at some crossover funds tell him they're pulling back from new deals, though crossover funds haven't disappeared altogether. Crossover funds found themselves with billions of dollars in deployed capital and few exits in sight. Last month, Tiger Global and Coatue both revealed they are seeking to raise new funds earmarked for early-stage startup deals.

REUTERS/Eduardo Munoz/File PhotoCompanies Conde Nast Publications Inc FollowNEW YORK, Nov 8 (Reuters) - Drake and 21 Savage have been sued by Conde Nast, the publisher of Vogue magazine, for using the Vogue name without permission to promote their new album "Her Loss." And none of it has been authorized by Conde Nast," according to the complaint filed on Monday night in Manhattan federal court. It said the result was "unmistakable" confusion among the public, including media that touted Drake and 21 Savage as Vogue's "new cover stars." Conde Nast, also known as Advance Magazine Publishers Inc, is seeking at least $4 million in damages, or triple the defendants' profits from their album and "counterfeit" magazine. Conde Nast said it had tried repeatedly since Oct. 31 to resolve its differences with Drake, a Toronto native, and 21 Savage, from Atlanta.

☆ Palestinian rights group accuses Israel of 'mafia methods' as U.N. hearings open
▼ + stars: | 2022-11-07 | by ( Emma Farge | ) www.reuters.com time to read: +3 min

The independent Commission of Inquiry, established by the Human Rights Council, the U.N. top human rights body, last year, plans five days of hearings which it says will be impartial and examine the allegations of both Israelis and Palestinians. A U.N. human rights office has previously dismissed allegations of bias and said Israel had not cooperated with the commission's work. Neither the hearings nor the U.N. Human Rights Council have any legal powers. Israel's ally the United States has criticised the U.N. Human Rights Council for what it has described as a "chronic bias" against Israel. The inquiry mandate includes alleged human rights abuses before and after that and seeks to investigate the root causes of the tensions.

☆ New York art auction fall highlights include Paul Allen collection and a rare Warhol
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eduardo MunozNov 4 (Reuters) - The fall art auction season kicks off in New York City next week, with auction houses Christie's and Sotheby's both expecting to bring in record-breaking sales. Among the highlights is Christie's Paul G. Allen Collection, which includes more than 150 pieces spanning 500 years. The collection, from the estate of the late Microsoft co-founder, includes works by Pablo Picasso, Georges Seurat, Paul Cezanne and Lucien Freud. Sotheby's Modern Art Evening Auction will be held on Nov. 14, followed by a Contemporary Evening Auction on Nov. 16. "There are so many amazing works on offer," Sotheby's head of impressionist and modern art for the Americas, Julian Dawes, said.

☆ Manhunt underway for ‘armed and dangerous’ suspect who shot 2 New Jersey police officers, officials say
▼ + stars: | 2022-11-02 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A manhunt is underway for a suspect who shot two police officers at close range and left them hospitalized in Newark, New Jersey, on Tuesday, officials said. Police are searching for Kendall Howard, 30, describing him as “armed and dangerous” in connection with the Tuesday shooting. Police at the scene where two officers were shot, in Newark, N.J., on Nov. 1, 2022. Newark Mayor Ras Baraka said that a concerned citizen called police regarding a suspect in a previous shooting that took place Oct. 28. The other officers was shot in the leg and also remains hospitalized in stable condition.

☆ Trump ally Barrack traded access for UAE money, prosecutors say as trial nears end
▼ + stars: | 2022-11-01 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

[1/2] Thomas Barrack, a billionaire friend of Donald Trump who chaired the former president's inaugural fund, exits the Brooklyn Federal Courthouse in Brooklyn, New York, U.S., October 3, 2022. Abu Dhabi then invested $374 million from its sovereign wealth funds with Barrack, prosecutors say. "Mr. Barrack traded his political access for a long-term relationship with top UAE officials ... who controlled vast oil wealth," Ryan Harris, an assistant U.S. attorney, told jurors on Tuesday. Barrack himself took the stand last week, testifying that he never agreed to act at Abu Dhabi's direction or control. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ U.S., allies slam Russia for wasting U.N. Security Council time
▼ + stars: | 2022-10-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo MunozUNITED NATIONS, Oct 27 (Reuters) - The United States and allies slammed Russia on Thursday for wasting the time of the U.N. Security Council and spreading conspiracies by again raising its accusation that the United States has "military biological programs" in Ukraine. Russia has previously raised at least twice at the Security Council the issue of biological weapons programs in Ukraine. It has drafted a Security Council resolution to set up a commission, made up of all 15 council members, to investigate its claims. Such a move is possible - but has never been invoked - under the Biological Weapons Convention, which took effect in 1975. Ambassador to the United Nations Linda Thomas-Greenfield described Russia's accusations as "pure fabrications brought forth without a shred of evidence."

☆ World's female foreign ministers meet to back Iranians
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +3 min

We have a moral obligation to support them," Canadian Foreign Minister Melanie Joly said. The ministers will address the unrest ignited by Mahsa Amini's death last month in Iran while in police custody. Register now for FREE unlimited access to Reuters.com RegisterTheir gathering "shows global solidarity for Iranian women and tells the Iranian regime that the world is watching," she said. Female foreign ministers from Germany, Chile, New Zealand and Norway were expected to attend, while another French official was expected to represent Paris, according to a Canadian government source. The female officials were set to hear from women of Iranian heritage and to discuss ways to coordinate efforts supporting Iranians.

☆ U.S. home heating bills expected to surge this winter -EIA
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

Nearly half of U.S. households rely on natural gas for heat, with the average winter heating cost expected to rise to $931, up by 28% from last year, EIA said. The average cost to heat a home with gas last winter was $724, far cheaper than other major sources of heat. It is more expensive than gas at an estimated $1,359 per household this winter - but that is just a 10% increase from last winter. Homes that rely on heating oil are concentrated in the Northeast, while the biggest propane users are in the Midwest. That compares with last winter's residential costs of $13.02/mcf for gas, $2.30-3.33 per gallon for propane, 14.0 cents per kWh of electricity and $3.90 per gallon for heating oil.

☆ U.S. home heating bills expected to surge this winter - EIA
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

The Skyline of New York City is seen covered by clouds during the pass of a winter storm as it is seen from Weehawken, New Jersey, U.S., February 25, 2022. The average cost for a home with gas last winter was $724, far cheaper than other major sources of heat. U.S. gas prices at the Henry Hub benchmark were up about 75% so far this year as soaring global gas prices feed demand for U.S. exports due to supply disruptions and sanctions linked to Russia's Feb. 24 invasion of Ukraine. It is more expensive than gas at an estimated $1,359 per household this coming winter - but that represents a more modest 10% increase from last winter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Scott DiSavino Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Actor Kevin Spacey walks outside the Manhattan Federal Court during his sex abuse trial in New York, U.S., October 6, 2022. During cross-examination on Tuesday, Spacey's lawyer Jennifer Keller questioned Rapp about his account of the encounter, which Rapp said took place in a bedroom at Spacey's Manhattan apartment during a party. Keller said in her opening statement last week in Manhattan federal court that Spacey, then 26, lived in a studio without a separate bedroom. She has implied the scene resembles what Rapp accuses Spacey of doing to him. Spacey faces a criminal trial in London next year after pleading not guilty to five sex offense charges over alleged assaults between 2005 and 2013.

☆ Russia's Lavrov accuses Washington of playing with fire around Taiwan
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +2 min

Russia's Foreign Minister Sergei Lavrov addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 24, 2022. On top of that, they're promising military support to Taiwan," Lavrov said. "We condemn provocations by the United States and their satellites in the Taiwan Strait." The United States and its Western allies have imposed a barrage of sanctions on Moscow following its February invasion of Ukraine. Register now for FREE unlimited access to Reuters.com RegisterReporting by Daphne Psaledakis, Humeyra Pamuk and Michelle Nichols; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Russia on Friday launched referendums in four eastern ukrainian regions aimed at annexing territory it has taken by force. Asked if Russia would have grounds for using nuclear weapons to defend annexed regions of Ukraine, Lavrov said Russian territory, including territory "further enshrined" in Russia's constitution in the future, "is under the full protection of the state." Ukraine's Foreign Minister Dmytro Kuleba said Lavrov's comments, and Putin's earlier statement when he said he was not bluffing about using nuclear weapons, were "irresponsible" and "absolutely unacceptable." The likely annexation of Ukrainian territory raises the question of how Russia might respond to the use of Western weapons in those regions. Lavrov sought to portray opposition to Russia's war in Ukraine as limited to Washington and countries under its influence.

☆ Pressing priority in Ukraine is to facilitate peace talks, China says
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +2 min

Chinese State Counsellor and Foreign Minister Wang Yi addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 24, 2022. REUTERS/Eduardo MunozUNITED NATIONS, Sept 24 (Reuters) - China supports all efforts conducive to the peaceful resolution of the "crisis" in Ukraine, its foreign minister Wang Yi told the United Nations General Assembly on Saturday, adding that the pressing priority was to facilitate peace talks. In a surprise acknowledgement, Russian President Vladimir Putin last week said China's leader Xi Jinping had concerns about Ukraine. Only when China is completely reunified, can there be enduring peace across the Taiwan Strait," he said. After the meeting, China accused the United States of sending "very wrong, dangerous signals" on Taiwan after Blinken told Wang that the maintenance of peace and stability of Taiwan was vitally important.

☆ Solomons 'unfairly targeted' since recognizing China, its president tells U.N.
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

Solomon Islands Prime Minister Manasseh Sogavare addresses the 72nd United Nations General Assembly at U.N. headquarters in New York, U.S., September 22, 2017. In an address to the United Nations General Assembly in New York, Manasseh Damukana Sogavare said the Solomons had been "unfairly targeted" and "vilified" in the media. The Pacific islands region has become a new theater of geopolitical competition between China and the United States and its allies. This competition intensified this year after China signed a security agreement with the Solomon Islands, prompting warnings of a militarization of the region. read moreSogavare has since repeatedly appeared to snub the United States, heightening Washington's concerns.

REUTERS/Eduardo MunozNEW YORK, Sept 22 (Reuters) - New York City will open two emergency centers to house migrants arriving on buses sent by the Republican governor of Texas in a political dispute over border security, Mayor Eric Adams said on Thursday. The centers will provide shelter, food and medical care while working to connect migrants with family and friends inside and outside New York City, according to the mayor's office. The emergency relief centers are part of efforts by Democratic mayors to deal with thousands of migrants being bused from the Republican-led border states of Texas and Arizona. Texas Governor Greg Abbott, a Republican seeking reelection in November, has bused more than 11,000 migrants to Washington, D.C., New York City and Chicago since April. "While other leaders have abdicated their moral duty to support arriving asylum seekers, New York City refuses to do so,” Adams said in a statement.

☆ South Korean, Japanese leaders meet, agree on need to improve ties
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Japan's Prime Minister Fumio Kishida addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 20, 2022. REUTERS/Eduardo MunozUNITED NATIONS, Sept 21 (Reuters) - South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida held the first one-on-one talks between their countries' leaders since 2019 on Wednesday and agreed on the need to improve relations by resolving issues of dispute. The meeting took place in New York on the sidelines of the U.N. General Assembly. Japan's Foreign Ministry Press Secretary Hikariko Ono said the two leaders "shared the need to bring back the sound bilateral relationship with the resolution of various issues." Register now for FREE unlimited access to Reuters.com RegisterReporting by David Brunnstrom and Chris Gallagher; editing by Grant McCool and Richard PullinOur Standards: The Thomson Reuters Trust Principles.

☆ Russia's invasion of Ukraine tramples U.N. charter: Japan PM
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Japan's Prime Minister Fumio Kishida addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 20, 2022. REUTERS/Eduardo MunozTOKYO, Sept 21 (Reuters) - Japanese Prime Minister Fumio Kishida, addressing the United Nations General Assembly on Tuesday, condemned Russia's invasion of Ukraine as destabilising the international order to its core and said the rule of law, not coercion by power, should prevail. "Russia's invasion of Ukraine is a conduct that tramples the philosophy and principles of the U.N. charter ... Kishida, who hails from Hiroshima, the first city to ever suffer an atomic bombing, also denounced the threat of nuclear weapons by Russia. Last month, a Russian diplomat said at the United Nations that the conflict in Ukraine did not warrant Russia's use of nuclear weapons, but Moscow could decide to use its nuclear arsenal in response to "direct aggression" by NATO countries over the invasion.

☆ World leaders pledge more support for nature ahead of UN summit
▼ + stars: | 2022-09-21 | by ( Gloria Dickie | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo Munoz/File PhotoLONDON, Sept 21 (Reuters) - World leaders on Tuesday stepped up financial support and conservation commitments to combat the global biodiversity crisis that threatens more than one million plant and animal species with extinction. Nations will soon gather in Montreal, Canada, for a critical U.N. biodiversity summit (COP15) to finalise and adopt a framework to protect and conserve nature. "We will continue to mobilize global support to reach this target and protect biodiversity around the planet." Currently, about 17% of the world's land area is under protection, according to a 2021 report by the World Economic Forum. But just 7% of the global ocean is under some sort of conservation scheme, with less than 3% highly protected.

☆ Putin must recognize he cannot win Ukraine war -Scholz at U.N.
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +2 min

Germany's Chancellor Olaf Scholz addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 20, 2022. REUTERS/Eduardo MunozUNITED NATIONS, Sept 20 (Reuters) - Russian President Vladimir Putin will only give up his "imperial ambitions" that risk destroying Ukraine and Russia if he recognizes he cannot win the war, German Chancellor Olaf Scholz said on Tuesday. The return of imperialism, with Putin's war on Ukraine, was not just a disaster for Europe but for the global, rules-based peace order, the chancellor said. To better achieve this end, the global south needed a greater say in world affairs, Scholz said. Scholz announced Berlin would host a conference on the reconstruction of Ukraine on Oct. 25.

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