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99abd38f8a9328efb96302fa4a14cdaf
https://www.reuters.com/article/us-fireye-m-a-symantec-idUKKBN16222L?edition-redirect=uk
Symantec sought to buy FireEye, talks end with no deal: sources
Symantec sought to buy FireEye, talks end with no deal: sources By Reuters Staff1 Min Read FILE PHOTO - The Symantec logo is pictured on a screen June 13, 2016. REUTERS/Thomas White/File Photo (Reuters) - Security software provider Symantec Corp held talks to acquire FireEye Inc about six months ago, but is not currently pursuing a deal with the cyber security company, people familiar with the matter said on Thursday. The two companies could not reach a deal because of disagreements over price, the sources said, asking not to be identified because the negotiations were confidential. Symantec and FireEye declined to comment. Shares of FireEye had jumped earlier on Thursday after financial blog Zero Hedge published an article based on anonymous sources stating that Symantec’s LifeLock unit was willing to offer $16 per share for FireEye. FireEye shares were up 2 percent in late morning trading in New York on Thursday, giving the company a market capitalization of close to $2 billion. Reporting by Greg Roumeliotis in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-first-baby-over-age-45-expect-complic-idUSTRE73D6JT20110414
First baby over age 45? Expect complications: study
First baby over age 45? Expect complications: study By Kerry Grens, Reuters Health4 Min Read NEW YORK (Reuters Health) - A study of older new mothers in Israel finds that 8 in 10 experienced health problems during their pregnancies, and nearly half of their babies were smaller than average. A woman holds her stomach at the last stages of her pregnancy in Bordeaux April 28, 2010. REUTERS/Regis Duvignau First-time births over age 45 have more than tripled over the last decade in Israel. Though they still represent a small fraction of all births, the researchers note that the study highlights a downside to using assisted reproduction technologies to make first-time motherhood possible later and later in life. The researchers gathered data on 131 mothers ranging in age from 45 to 65, who gave birth at the same hospital in Israel between 2004 and 2008. Four of every 10 women developed pregnancy-related diabetes, and two of 10 had preeclampsia, a potentially dangerous condition that includes high blood pressure and protein in the mother’s urine. One third of the babies were born prematurely, and nearly all were delivered by a cesarean section. “This study shows that pregnancy after the age of 45 is in fact a risky proposition, and this provides a basis upon which women of this age group can be counseled” about those risks, said Dr. Richard Paulson, director of the in vitro fertilization program at the University of Southern California, who was not involved in the study. In the U.S., first-time births to mothers over 45 still make up a very small percentage of all deliveries. In 2010, they totaled 2,028, with just 165 of those babies born to new mothers aged 50 and up, according to the Centers for Disease Control and Prevention. In the Israeli study, the risk of having a baby born early or underweight was higher for women over age 50, than for women in their late 40s. Two out of every three babies born to the mothers aged 50 to 65 weighed less than 2,500 grams (about 5 and a half pounds), and half were born prematurely. That compared to one out of three babies born either underweight, or prematurely, or both to mothers 45 to 49. The study, published in the journal Fertility and Sterility, did not compare the women to mothers less than 45 years old, but the authors write that other studies have found much lower rates of pregnancy-related health problems and premature births in younger mothers. All of the women in this study had experienced fertility problems and more than half had been pregnant before. All but five of the 131 women underwent in vitro fertilization (IVF), in which a fertilized egg is implanted into the mother’s uterus. Nearly a third of the women had a chronic disease like high blood pressure or diabetes before they got pregnant. Paulson told Reuters Health that there is no policy dictating how old a mother can be to undergo IVF, although his clinic’s policy is that women over age 50 who already have health problems are not candidates for the procedure. Interestingly, the mothers over age 50 were more likely to have a boy than the mothers in their late 40s. “There’s no reason for that,” Paulson said. “It just shows you that statistically significant results can sometimes happen by chance.” The health risks for older mothers are well established, however. Paulson said that the way to mitigate those risks is to consider alternative procedures. Women might consider “gestational surrogacy,” in which another woman carries the child, but the father’s sperm and sometimes the mother’s egg are used to create the embryo. Paulson also said that starting motherhood at an advanced age may carry risks, “but they’re not prohibitive risks. People of all ages are interested in having a child and completing their families.” The study did not look at the excess cost of having a baby at an advanced age. SOURCE: bit.ly/iezuHc Fertility and Sterility, online March 31, 2011. Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-first-cap-secs-jpmorgan-idUSKCN12K09Q
JPMorgan in talks to sell out of Chinese securities JV
JPMorgan in talks to sell out of Chinese securities JV By Sumeet Chatterjee, Julie Zhu4 Min Read HONG KONG (Reuters) - JPMorgan Chase & Co is in talks to sell out of a Chinese securities joint venture with First Capital Securities Co Ltd in what would be the first departure by a top-tier global investment bank from China’s securities segment. A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files Wall Street banks like JPMorgan hold only minority stakes in such ventures. The resulting lack of control and limited contribution to total revenue have brought banks frustration at a time when domestic competition has become acute. Almost all leading investment banks, including Goldman Sachs Group Inc, UBS Group AG, Morgan Stanley, Deutsche Bank AG and Credit Suisse Group AG have securities ventures with local firms. Shenzhen-listed broker First Capital, in an exchange filing on Thursday, said it is in talks to buy JPMorgan’s 33 percent of JP Morgan First Capital Securities Co. It said no transaction has been finalised and that any purchase remains uncertain. JPMorgan confirmed the content of the filing. “China is a key market for the firm globally and for many of our clients outside China. J.P. Morgan believes in the long term prospects of China and remains fully committed to our China franchise,” the U.S. bank said in an emailed statement. Neither JPMorgan nor First Capital gave reasons for the move. Some analysts said the U.S. bank could return to China’s securities market with a new partner as the outlook for onshore deals remains attractive. Rival Morgan Stanley launched a securities joint venture with Huaxin Securities in 2011, a year after it sold its 34.3 percent of China International Capital Corp Ltd (CICC), the country’s top investment bank at the time. “It has been a difficult ride (for foreign banks), but we really feel that it’s at tipping point in terms of opportunities and the banks have just a lot left on the table,” said Benjamin Quinlan, CEO of financial services consultancy Quinlan & Associates. “There is no alternative avenue for foreign players to go in and China is sending a clear signal that it is liberalizing and I do think they (foreign banks) will be able to get to a stage where they have effective management control of the entity.” China’s securities regulator approved the establishment of JPMorgan First Capital Securities Co at the end of 2010. The venture, headquartered in Beijing, offers services such as stock and bond underwriting and merger advisory. It posted net profit of 52 million yuan ($7.72 million) for January-June, versus a loss of 23 million yuan in the same period a year earlier, showed information First Capital filed at the exchange. A stake sale would come as rival HSBC Holdings PLC awaits regulatory approval to launch a majority-owned joint venture, taking advantage of rules favoring Hong Kong-established banks. HSBC would own up to 51 percent of the venture, while the cap for other foreign banks in such ventures is 49 percent. China has been gradually opening up its financial sector, though some foreign banks have called for the pace to increase. Despite the challenges, no other top-tier foreign bank has exited securities joint ventures in China, betting on long-term opportunities in the world’s second-largest economy. Foreign banks that have exited since 2007 include BNP Paribas SA, CLSA, Daiwa Securities Group Inc and Royal Bank of Scotland Group PLC, showed a Quinlan & Associates report. Reporting by Julie Zhu and Sumeet Chatterjee; Editing by Lisa Jucca and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
c11e50669b6e114b2d5b297add076a2b
https://www.reuters.com/article/us-fish-humanface-idUKKCN1001E4?edition-redirect=uk
Fish can recognise human faces, study finds
Fish can recognise human faces, study finds By Matthew Stock5 Min Read Scientists have shown for the first time how a species of tropical fish can distinguish between human faces. The archerfish used in experiments could demonstrate the ability to a high degree of accuracy; despite lacking the crucial neocortex part of the brain which other animals use for sophisticated visual recognition. The research, conducted by scientists from the University of Oxford and Australia’s University of Queensland, wanted to test the long-held belief that differentiating between human faces could only be accomplished by more sophisticated animals, such as primates. The archerfish, found largely in Australia and southeast Asia, was chosen for its ability to spit a jet of water; a technique it uses to shoot down insect prey even above the water level. In laboratory-based tests, an archerfish was presented with two different images of human faces and trained to ‘choose’ one of them by shooting a jet of water at it. “We present them with different stimuli, and it can be a whole range of different things. But what we do is we give them different options and then we train them by giving them a food reward to select a particular one. So this can give us a huge amount of information about what the fish is able to see and how they do it,” explained lead author Dr. Cait Newport from the University of Oxford. In subsequent tests, the archerfish were presented with the learned face and a series of new faces. Researchers found that the fish could discriminate one face from up to 44 new faces with up to an 81 percent success rate. They were able to do this even when features such as head shape and colour were removed from the images. In her lab at the Department of Zoology, Newport demonstrated a similar level of visual perception in her Picasso triggerfish. The brightly coloured tropical fish were able to successfully pick out a black coloured disc mounted on a board surrounded by white discs. Newport said the lack of a neocortex in fish and the fact they have no evolutionary need to recognise human faces makes the results of their research all the more surprising. “It [the brain] is very large in primates, and it’s highly folded, so there is a lot of different connections within the neurons happening in the brain; fish entirely lack that. When you look at a picture of a fish’s brain it’s only got what we consider the primitive sections of the human brain which are underneath that highly folded neocortex. And yet fish are still able to perform really complex behaviours; they can do facial recognition as we showed, they also build social systems, and there’s some evidence of potential tool use,” Newport told Reuters, adding that the fish could be applying their pattern recognition ability that evolved to detect aerial prey to the task of discriminating human faces. The cognition demonstrated by fish sheds some light on their ability to recognise and return to the same territory year after year for breeding. This is something that could be under threat in the Great Barrier Reef due to the current mass bleaching of coral reefs. Bleaching occurs when the water is too warm, forcing coral to expel living algae and causing it to calcify and turn white. Mildly bleached coral can recover if the temperature drops, otherwise it may die. Australian scientists have said mass bleaching is likely to destroy half of the northern coral. This could prove devastating for the marine life there. “These guys [the fish] are looking at colours and patterns and textures. And if all of that is bleached… we don’t know if they’re still going to be able to find their territories, their homes; we don’t know how that will affect how they detect predators or potential prey,” said Newport. The study, published recently in the journal Scientific Reports, suggests that complicated brains are not necessarily needed to recognise human faces, even though subtle features need to be identified in order to differentiate. Newport added that the research provides evidence that fish have much more impressive visual discrimination abilities than previously believed. “It is amazing what they can do with a really simple brain, as humans like to call it. Although it seems a bit unfair to call it simple - I think their brains are perfectly adapted to what they do and that’s what’s important to remember about all this - brains can look different, but they’ve evolved for different tasks,” she said.
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https://www.reuters.com/article/us-fitbit-m-a-alphabet-eu-idUSKBN1XH25S
After Google's Fitbit deal, EU says worrying when firms targeted for their data
After Google's Fitbit deal, EU says worrying when firms targeted for their data By Foo Yun Chee, Victoria Waldersee2 Min Read FILE PHOTO: A sign is pictured outs a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave Paresh/File Photo/File Photo LISBON (Reuters) - The acquisition of companies for their data is concerning in general for regulators, Europe’s antitrust chief Margrethe Vestager said on Thursday, a week after Google bought fitness trackers company Fitbit. Alphabet Inc-owned Google paid $2.1 billion for Fitbit to help it take on Apple and Samsung Electronics in the crowded market for fitness trackers and smart watches. Vestager declined to comment on the deal specifically but said there was general unease among regulators when data-heavy companies are the targets of bids. Google’s deal has triggered calls from competitors to competition enforcers to take a tough line. Fitbit, which helped pioneer the wearable devices craze, has an invaluable trove of health data. “In general we have a concern if companies merge because of data,” Vestager told a news briefing at Web Summit. She added that regulators then considered the questions of, does this create a barrier to entry, will this make it more difficult to innovate and does a risk to privacy issues arise from that kind of data coming together. Google’s Fitbit deal requires EU regulatory approval. Vestager has in the last two years handed down more than 8 billion euros in fines to Google for stifling competitors in three separate cases involving its price comparison shopping product, its Android smartphone operating system and in search advertising brokering. Reporting by Foo Yun Chee; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
707f9406fc4453343e49ed4ba5721564
https://www.reuters.com/article/us-fitbit-m-a-alphabet-eu-idUSKBN26N32J
Headwinds for Google as rivals, customers criticise Fitbit concessions
Headwinds for Google as rivals, customers criticise Fitbit concessions By Foo Yun Chee2 Min Read FILE PHOTO: Fitbit devices are displayed in a store in New York City, U.S., November 4, 2019. REUTERS/Brendan McDermid/File Photo BRUSSELS (Reuters) - Google’s bid to win EU approval for its $2.1 billion purchase of Fitbit faces headwinds as rivals and customers argue concessions to EU antitrust regulators do not go far enough, two people familiar with the matter said on Friday. Alphabet’s Google last week offered to restrict the use of Fitbit data for Google ads and to monitor the process closely. It also offered to make it easier for rival makers of wearables to connect to the Android platform by offering them access to Android software (API), and said third parties would continue to have access to Fitbit users’ data with their consent. The European Commission is now seeking feedback from rivals and customers before deciding whether to accept the offer or demand more. Other sources have said the new concessions are likely to help Google secure EU clearance. Some rivals and customers, however, plan to tell the EU competition enforcer to ask for more, the people said. “The definition of wearable API is too narrow,” said one of the people, who said Google should broaden the scope to take into account new functionalities that come into the market in future. Google’s 10-year data pledge also drew fire from its critics in advertising. “Why would you limit the data separation remedy to 10 years? Bad idea. Google is making long bets. Ten years is tomorrow,” the second person said. Respondents have until next week to provide feedback. The Commission is scheduled to decide on the deal by Dec. 23, although a ruling could come earlier. Reporting by Foo Yun Chee; Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-fitness-detoxification/can-exercise-detoxify-the-body-health-experts-are-skeptical-idUSBRE8BG0KQ20121217
Can exercise detoxify the body? Health experts are skeptical
Can exercise detoxify the body? Health experts are skeptical By Dorene Internicola4 Min Read NEW YORK (Reuters) - The word “detoxification” is flung around the fitness community as frequently as kettlebells are swung. A woman practices yoga during a mass floating event in the Dead Sea September 14, 2012. REUTERS/Nir Elias Yoga teachers regularly speak of detoxifying twists, aerobics instructors of detoxifying sweat, dieters of detoxifying fasts. But health professionals are skeptical. “If you start talking about exercising to detoxify, there’s no scientific data,” said Dr. Elizabeth Matzkin, chief of women’s sports medicine at Harvard Medical School. “The human body is designed to get rid of what we don’t need.” The same applies to fasting. “No good scientific data supports any of those cleanses, where you drink juice, or (only) water for a week,” she said. Exercise is important, Matzkin added, because it enables our body to do what it is made to do, but the kidneys and colon get rid of waste. The role of exercise in that process is unclear. “In general exercise helps our lungs; kidneys get rid of things that can cause us onset of disease,” she said. A healthy lifestyle - eating healthy, drinking plenty of water and exercising - is important to detoxifying because it enables our body to do what is intended to do. “As for specific yoga moves, I’m not so sure,” she said. Yoga instructor and fitness expert Shirley Archer, an author and spokeswoman for the American Council on Exercise (ACE) said the theory behind the effectiveness of detoxifying twists in yoga is that they squeeze the organs, which push the blood out so fresh blood can rush in. “Better circulation equals better health,” said Archer, who is based in Florida. “If detox means to eliminate from the body what it no longer needs, then certain yogic practices can help.” She said yogic deep breathing with strong exhalations can empty the lungs of unneeded carbon dioxide and allow for a fresh breath of more oxygenated air. “This nourishes all of our cells,” she said. “It is also a method of cleansing because better circulation equals better health.” Meditative movement practices, such as yoga and tai chi, she added, can detox your attitude because they require staying in the present moment and discourage dwelling on the past. Last summer, celebrity trainer Tracy Anderson began taking groups of 40-odd women on what she calls Detox Weeks, which involve at least three hours of workouts each day, as well as lectures on fitness and nutrition aimed mainly at encouraging lifestyle changes. Similar weeks in other cities are planned for 2013. “Women work out and think ‘Why can’t my love handles, muffin tops go away’?” said Anderson, creator of the Tracy Anderson Method and a co-owner, with actress Gwyneth Paltrow, of fitness centers in Los Angeles and New York. “The most important thing is if you can become a consistent exerciser.” “A good workout is not five to 10 yoga poses,” she explained. “You have to learn to scale up your endurance. If you can only jump for five minutes straight, we’ll go to 10 minutes, then 20 minutes.” Anderson said she uses the term detoxification broadly to include everything from working up a good sweat to clearing the mind of destructive thoughts. “Detoxification is a big topic,” she said. Nancy Clark, a registered dietitian in Boston, Massachusetts and a member of the American College of Sports Medicine, said the body generally does a fine job of detoxifying itself through the liver and kidneys. Sweating has nothing to do with it. “When you sweat you really don’t detoxify anything,” she explained. “If someone goes on a crash diet, then maybe toxins are released but then the body would take care of them. When you sweat you lose sodium.” Editing by Patricia Reaney and Todd EasthamOur Standards: The Thomson Reuters Trust Principles.
2a673cc0d7504eb517e4b883d17ea3a5
https://www.reuters.com/article/us-fitness-taichi/tai-chi-getting-there-more-slowly-but-gracefully-and-intact-idUKBRE95G03E20130617?edition-redirect=uk
Tai chi: getting there more slowly, but gracefully and intact
Tai chi: getting there more slowly, but gracefully and intact By Dorene Internicola4 Min Read NEW YORK (Reuters) - For modern, harried lifestyles focused on getting and spending, fitness experts say tai chi, the ancient Chinese slow-moving exercise, can be an ideal way for anyone to stay fit. Slideshow ( 2 images ) A staple in senior citizen centers and a common dawn sighting in public parks, the practice can offer long-term benefits for all age groups. “In this high-tech world that’s all about speed, greed and instant gratification, tai chi is the antidote to bring us back to balanced health,” according to Arthur Rosenfeld, a tai chi master and the author of a new book called “Tai Chi — The Perfect Exercise: Finding Health, Happiness, Balance, and Strength.” “It doesn’t mean you can win the marathon or clean and jerk 750 pounds or win a cycle sprint,” said the South Florida resident, 56. “It’s not about getting there sooner.” Tai chi is more about how the body works than how it looks, and is about aging gracefully and “with less drama.” “The last time I looked, there were some 500 studies about the various physical benefits of tai chi, from improving balance and attention span to boosting the immune system to beating back the symptoms of arthritis, asthma and insomnia,” said Rosenfeld. An estimated 2.3 million U.S. adults have done tai chi in the past 12 months, according to a 2007 National Health Interview Survey. The practice is not perfect. Tai chi “does not supply the cardiovascular component that we’d be looking for in a well-rounded routine,” said Jessica Matthews, a San Diego, California-based exercise physiologist. “The exertion level, while challenging, is not going to increase your heart rate.” ‘GRAND ULTIMATE MOTION’ T’ai chi ch’uan, as it is formally known, derives from a form of Chinese martial arts. Explaining the slow, circular movement of the practice, Rosenfeld said tai chi is a philosophical term that means the harmonious interplay of opposing forces. When nature encounters a strong force, the way it answers that force to maintain harmony in the world is with a spiral, he said. “Astronomers see galaxies moving in spirals, water goes down the drain in a spiral, tornados form as a spiral. We spiral in tai chi because the most effective way to move fluid through solid is a spiral.” Hawaii-based personal and group-fitness trainer Jordan Forth, who has studied tai chi since 2006, said one translation of tai chi is “grand ultimate motion.” “I recommend it to everybody,” said Forth. “It teaches people to move well in multiple planes of motion with a state of awareness not cultivated in everyday fitness. Most people check out on a treadmill or during high-intensity activity.” Forth said tai chi improves mobility, movement and flexibility and can be even more dynamic than yoga, which the 35-year-old has studied since he was a teenager. “With tai chi you’re grounded the entire time,” he said. “For me, (it) translates more into functional everyday movement.” Matthews, who is also a spokeswoman for the American Council on Exercise, said because tai chi is slow motion and low impact, many assume it’s just for older people or not a viable means of exercise. Not so, she said: Research studies have found that the practice increased mineral bone density, boosted endurance, strengthened the lower body, and eased depression. Editing by Patricia Reaney and Eric WalshOur Standards: The Thomson Reuters Trust Principles.
c4ffd90afd5d725932cbc6e787eb5463
https://www.reuters.com/article/us-flavonoid-diabetes-idUSBREA0S1JK20140129
Flavonoid-rich foods linked to lowered diabetes risk
Flavonoid-rich foods linked to lowered diabetes risk By Shereen Jegtvig, Reuters Health4 Min Read NEW YORK (Reuters Health) - Women with diets rich in foods like berries, chocolate, red wine and tea also have reduced inflammation and insulin resistance - a diabetes precursor, according to new UK research. Flavonoids are chemical compounds found in colorful fruits and vegetables, and laboratory studies suggest they may offer a variety of health benefits. “The aim of this study was to add more weight to these findings by starting to unravel how they work in humans,” said Aedin Cassidy, a nutrition researcher at the University of East Anglia’s Norwich Medical School, who led the study. “Our previous studies have shown that these powerful bioactive compounds called flavonoids, present in berries and other foods like chocolate and wine, can reduce your risk of having a heart attack and of developing type 2 diabetes,” Cassidy told Reuters Health by email. Cassidy and her colleagues wanted to see if a large group would show differences in diabetes risk, and other health markers, based on their flavonoid consumption. The study involved 1,997 healthy women from TwinsUK, a nationwide registry of adult twin volunteers. The women ranged in age from 18 to 76, and about half were post-menopausal. The women completed food questionnaires that were used to estimate their intake of six types of flavonoids. Cassidy and colleagues also calculated the womens’ total calorie intake and their body mass index (BMI), a measure of weight in relation to height. The participants were also asked about their family medical histories, general lifestyle habits and physical activity levels. The women’s average total flavonoid intake was 1.2 grams per day, but ranged from about 0.6 grams daily among women with the lowest intake to about 1.7 grams among women with the highest intake. Tea was the biggest source of flavonoids in the women’s diets. They also got plenty from grapes, pears, wine, berries, oranges and peppers, Cassidy’s team reports in The Journal of Nutrition. The researchers also measured blood levels of insulin, glucose and markers of inflammation for all the participants and used those measurements to calculate insulin resistance. Considered an early sign on the path to type 2 diabetes, insulin resistance occurs when the body is unable to use the insulin it produces effectively to get blood sugar into cells. All in all, women who consumed the highest levels of two particular types of flavonoid, anthocyanins and flavones, had the least insulin resistance and lowest levels of inflammation. “We showed in population-based studies that higher habitual intakes of one class of flavonoids called anthocyanins, compounds responsible for the red/blue color of berries and other fruits and vegetables, can improve the way we handle glucose and insulin and reduce inflammation - a risk factor for heart disease and diabetes,” Cassidy said. The study cannot prove that eating flavonoid-rich foods caused any reduction in inflammation or insulin resistance. The flavonoids could also be the mark of some other factor that accounts for the differences, like exercise or an overall healthy diet. The study also did not follow the women to see who actually developed diabetes or heart disease. More research is needed to test what these plant compounds do in the body and how much of them would need to be consumed to offer a health benefit. Previous research suggests that berries are particularly important, according to Cassidy. “This latest research shows that just one portion of flavonoid-rich berries every day was associated with better control of blood sugar levels and blood pressure. But small amounts of red wine and moderate amounts dark chocolate may aid prevention efforts as part of a healthy diet,” Cassidy said. SOURCE: bit.ly/M4Uid7 The Journal of Nutrition, online January 20, 2014. Our Standards: The Thomson Reuters Trust Principles.
fd43407ae631f7259438cc8ac40fced0
https://www.reuters.com/article/us-flipkart-amazon-antitrust-appeal/indias-online-sellers-to-appeal-against-competition-commissions-flipkart-ruling-idUSKCN1P608P?feedType=RSS&feedName=technologyNews
India's online sellers to appeal against competition commission's Flipkart ruling
India's online sellers to appeal against competition commission's Flipkart ruling By Reuters Staff2 Min Read The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa MUMBAI (Reuters) - A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday. All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained that Flipkart was using its dominant position to favour select sellers. The CCI had rejected this argument in November. The CCI had said Flipkart as well as Amazon did not break regulations through their selection of merchants and brands. [nL4N1XI3KJ] The AIOVA will appeal to the National Company Law Appellate Tribunal on Monday against the CCI decision, Basa told Reuters. “We firmly believe we have filed adequate information to prove the existence of a prima-facie case which the hon’ble Commission has failed to take into account. Hence, we are filing this appeal,” Basa said in a statement. The AIOVA has also brought a similar case against Amazon, alleging it favours merchants that it partly owns, such as Cloudtail and Appario. India has a burgeoning e-commerce market, with almost 500 million Indians using the internet in 2018. The market is tipped to grow to $200 billion in a decade, according to Morgan Stanley. [nL3N1RZ068] Reporting by Euan Rocha and Suvashree Dey Choudhury; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.
02ea527d9101353f35f93abefd2180da
https://www.reuters.com/article/us-flipkart-m-a-walmart-factbox/factbox-walmart-notches-biggest-foreign-investment-with-16-bln-flipkart-deal-idUSKBN1IA2MN
Factbox: Walmart notches biggest foreign investment with $16 bln Flipkart deal
Factbox: Walmart notches biggest foreign investment with $16 bln Flipkart deal By Reuters Staff4 Min Read (Reuters) - Walmart Inc WMT.N on Wednesday announced it was paying $16 billion for a roughly 77 percent stake in Indian online marketplace Flipkart, the U.S. retailer's biggest deal as it battles rival Amazon.com Inc AMZN.O in a burgeoning e-commerce market. {nL3N1SG3T3] The deal is also Walmart's biggest bet in foreign markets, where it has historically struggled. The retailer's previous biggest acquisition, Asda - which it bought in 1999, was sold last month to Sainsbury's SBRY.L. Deals and investments made by Walmart in the past two decades: ** Walmart bought UK grocery chain Asda Group PLC in 1999 for 6.7 billion pounds, which was the retailer's biggest acquisition up until the Flipkart deal. Last month, Sainsbury's SBRY.L bought Asda for around 7.3 billion pounds, after Walmart struggled with the business over the past five years. ** Walmart sold its German retail business to Metro AG in 2006, taking a loss of $1 billion. The terms of the agreement were not disclosed here. ** In 2006, Walmart sold its South Korean retail business to Shinsegae Co for 825 won billion here ($882 million). ** Walmart spent up to 100 billion yen ($878 million) to buy out minority shareholders in Japanese supermarket unit Seiyu Ltd 8268.T in 2007 here. ** In 2012, Walmart got the go ahead from a South African court for its $2.4 billion acquisition of retailer Massmart hereMSMJ.J. ** In 2015, a unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 Wal-Mart Stores Inc WMT.N. outlets around China for $525 million here. ** In June 2016, Walmart sold its Chinese online grocery store, Yihaodian, in return for a stake in the country's no. 2 e-commerce firm JD.com Inc hereJD.O. ** Walmart paid $3.3 billion for internet retailer Jet.com and its innovative pricing software in the August of 2016 here. ** Walmart in January 2017, announced that it was buying online shoe seller Shoebuy.com from Barry Diller's IAC/InterActiveCorp IAC for $70 million here. ** Walmart bought online outdoor retailer Moosejaw in February 2017 for about $51 million here in cash giving the U.S. retailer a slew of popular brands including Patagonia and North Face. ** In March 2017, Walmart bought women's vintage-inspired retailer Modcloth.com. The value of the transaction was not disclosed here. ** In June of 2017, Walmart said it would buy online men’s fashion retailer Bonobos Inc for $310 million. Reporting by Aishwarya Venugopal in Bengaluru; Editing by Bernard OrrOur Standards: The Thomson Reuters Trust Principles.
2d4b758556563dfea52ce3c160245b76
https://www.reuters.com/article/us-florida-python-hunt/it-was-going-for-my-throat-florida-python-hunters-wrestle-invasive-snakes-idUSKBN1ZG16F
'It was going for my throat': Florida python hunters wrestle invasive snakes
'It was going for my throat': Florida python hunters wrestle invasive snakes By Zachary Fagenson4 Min Read OCHOPEE, Fla. (Reuters) - Thomas Aycock’s life flashed before his eyes one night in the Everglades as a 13-foot Burmese python squeezed his arm and a leg in its coils. Aycock, who was trying to bag the snake by himself, still recalls feeling its tail across his back. “I knew what it was doing, it was going for my throat,” said the 54-year-old Florida Army National Guard major who was able to wrestle free during that incident in the summer of 2018. “I said to myself, ‘It can’t go down like this.’” That scare has not stopped him from returning again and again to the sprawling wetland, devoting almost every spare moment to searching the thick brush and sawgrass for more snakes, as he was doing during this interview. The state encourages hunters to capture or kill the giant, invasive south Asian snakes that are decimating local wildlife. Dozens of hunters are prowling the Everglades during Florida’s 10-day Python Bowl, which ends Monday. Armed with long metal hooks that resemble fireplace pokers and bags, many hunters catch the snakes and take them in live. Those who take the most longest and heaviest pythons each will win $2,000 in cash. Slideshow ( 11 images ) Other prizes include off-road vehicles. Aycock and his fellow hunters are spending days and nights slowly creeping across the webs of levees that span the Everglades by foot, bicycle and souped-up SUV looking for the glint of an eye or the shine of brown and black scales. First found in the Everglades around the year 2000, the snakes were introduced by pet owners and possibly a snake research facility that was destroyed when Hurricane Andrew struck the region in 1992. The behemoths, some of which measure more than 18 feet (5.5 m) long and weigh more than 100 pounds (45 kg), have wreaked havoc on the fragile ecosystem. A 2012 study in Everglades National Park by the United States Geological Survey found 99% fewer raccoons, 98% fewer opossums and 87% fewer bobcats. Massive snakes have even been found trying to eat alligators. “I saw an opossum last night out on the levee and it was the first small animal I’ve seen in probably five or six months,” Aycock said. Agencies including the South Florida Water Management District and the Florida Fish & Wildlife Conservation Commission have all launched python removal programs in recent years, offering hunters hourly wages and bonuses depending on the size and weight. According to a 2019 report, contracted python hunters brought in about 1,900 snakes since the program launched in March 2017. Slideshow ( 11 images ) The success has been hard fought. Despite their size and numbers, which some estimate in the hundreds of thousands, Aycock said it can take eight hours on average to find a snake. HUNDREDS CAUGHT From the start of the program to mid-2018, the most current data available, hunters working for both agencies spent 14,000 hours in the field yielding 1,186 snakes. Some larger females have been found holding up to 100 eggs. “We’re targeting removal in bird rookeries, in sensitive ecological areas, so regardless of the snakes’ population we know every one removed makes a difference,” said Kristen Sommers, the state’s wildlife impact management section leader. Yet on Wednesday night, finding even one proved impossible for Aycock. The cooler weather meant the cold-blooded serpents stayed hidden and out of sight. “Every python removed out of this ecosystem serves a purpose in restoring this ecosystem,” Aycock said. “We have a good time out here, but it’s also a mission we take seriously and are willing to work at.” Editing by Scott Malone and David GregorioOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-florida-rail/florida-governor-slams-brakes-on-high-speed-rail-idUSTRE71F3ZH20110216
Florida governor slams brakes on high-speed rail
Florida governor slams brakes on high-speed rail By Michael Peltier5 Min Read TALLAHASSEE, Florida (Reuters) - Florida’s Tea Party-backed Governor Rick Scott on Wednesday rejected $2.4 billion in government funds to build a high-speed passenger rail line, prompting a sharp rebuke from Washington as political tensions grew over the federal budget deficit. Florida governor Rick Scott in Ft Lauderdale, Florida, November 3, 2010. REUTERS/Andrew Innerarity “Government cannot spend more than it takes in,” the Republican governor said in an announcement making clear the rail project would not go forward. “Government has become addicted to spending beyond its means and we cannot continue this flawed policy,” he added. At a news conference in the state capital, Scott strongly criticized President Barack Obama’s budget proposal for 2012 unveiled on Monday and said federal grants earmarked for Florida to begin work on a high-speed rail link between Tampa and Orlando would be turned down. The newly elected governor, a former healthcare executive and uncompromising fiscal conservative, cited what he described as likely cost overruns for the project as the main reason for rejecting the federal funding. The potential overruns could put Florida taxpayers on the hook for billions of dollars, he said, laying out his objections to a project championed by the Obama administration and U.S. Transportation Secretary Ray LaHood “The truth is that this project would be far too costly to taxpayers and I believe the risk far outweighs the benefits,” he said. In December, the Obama administration gave Florida about $342.3 million in additional funds for the rail line, meaning that Washington had committed to covering the full $2.4 billion projected cost of the project. That $342.3 million was part of $1.2 billion intended to fund high-speed rail projects in Ohio and Wisconsin which had been spurned by newly elected governors in those states. JOBS IMPACT Saying he was “extremely disappointed” by the decision, LaHood said Scott’s stated reasons made no sense, since any financial risk for Florida had been eliminated by a federal requirement that private businesses competing for the project absorb any cost overruns and operating expenses. He said in a statement the project spurned by Scott “could have supported thousands of good-paying jobs for Floridians”. “It is projects like these that will help America out-build our competitors and lay the foundation to win the future,” LaHood said. The Florida Department of Transportation had been expected to invite formal bids for the high-speed rail project this spring, and as many as eight teams made up of firms that have built and operated bullet trains in Japan, Germany, France, South Korea and China had been expected to participate. The Tampa to Orlando line would have been the first phase of a longer line to Miami. The $814 billion federal stimulus plan passed last year included $8 billion to begin building a network of “bullet trains” across a country that has long relied on interstate highways for passenger travel. Scott’s announcement drew immediate criticism from Florida Democrats, who have pointed to his recent state budget proposals as highlighting a seeming disconnect between fiscal conservatives and ordinary Americans reeling from unemployment and the loss of homes and benefits in the recent recession. “Over the past month, Governor Rick Scott has become a one-man wrecking crew for Florida’s economy, putting at risk over 100,000 jobs as he tries to impose his extreme philosophy on the Sunshine State,” state Democratic Party spokesman Eric Jotkoff said in a statement. The governor’s budget proposals for Florida include calls for hefty cuts in state spending on education and healthcare to close a deficit of nearly $4 billion, while slashing corporate income and property taxes. Florida, an epicenter of the U.S. mortgage crisis, is struggling with a record-high 12 percent unemployment rate, the third highest in the country. The Tea Party, a loosely organized conservative political movement that advocates smaller government and less taxes and regulation, is a key supporter of Scott. Florida Democratic Senator Bill Nelson, who ridiculed Scott as someone who might have opposed the interstate highway system built under President Dwight Eisenhower, said he had talked to LaHood about the possibility of pressing ahead with the bullet train without the state government’s participation because it uses federal funds. “We are exploring ... how we could keep this project going forward,” Nelson told the Palm Beach Post newspaper. Writing by Tom Brown; additional reporting by Lisa Lambert and John Crawley in Washington; Editing by Pascal Fletcher and Philip BarbaraOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-florida-shooting-bloodsupply-idUSKCN0YZ2L5
Democrats urge an end to curbs on blood donations from gay men
Democrats urge an end to curbs on blood donations from gay men By David Morgan, Andrew M. Seaman3 Min Read (Reuters) - Congressional Democrats on Monday urged the removal of U.S. restrictions on blood donations from gay and bisexual men, calling the policy unwarranted in the aftermath of Sunday’s shooting rampage at a gay nightclub in Florida. A message towed by an airplane urges people to donate blood, after a mass shooting at a gay nightclub in Orlando, Florida, U.S. June 12, 2016. REUTERS/Carlo Allegri The Food and Drug Administration imposed an indefinite ban on blood donations from gay and bisexual men in the 1980s to protect against transmitting the human immunodeficiency virus that causes AIDS. The agency relaxed its policy last December to say men could donate blood 12 months after their last sexual encounter with another man. The worst mass shooting in U.S. history, in which a gunman killed 49 people and wounded 53 others at the Pulse nightclub in Orlando, prompted hundreds of people to line up to give blood over the weekend. But many later expressed anger on social media because gay and bisexual men could not donate. The FDA said on Monday it did not have scientific evidence to support an end to the restriction. The agency added that blood supplies were adequate. “We find it unacceptable that gay and bisexual men are banned from donating desperately needed blood in response to this tragedy,” said a statement issued by four Democratic lawmakers led by Representative Mike Quigley of Illinois, vice chair of the Congressional LGBT Equality Caucus. The other lawmakers were Senator Elizabeth Warren of Massachusetts, Senator Tammy Baldwin of Wisconsin and Representative Barbara Lee of California. Critics of the policy say it assumes risk from all gay donors based on their sexual orientation, regardless of whether their behaviors in terms of practicing safe sex or having multiple partners make them more likely to be infected with HIV. “Blood donations are needed now more than ever, yet gay and bisexual men remain unable to donate blood due to an outdated and discriminatory FDA rule,” the Democrats said. “This revision does not go far enough in ending an outdated policy that is medically and scientifically unwarranted and that perpetuates inaccurate stereotypes,” the lawmakers said. In a statement, the FDA said it would continue to re-evaluate and update its blood donor policy as new scientific information becomes available. “We empathize with those who might wish to donate, but reiterate that at this time no one who needs blood is doing without it.” Reporting by David Morgan in Washington and Andrew M. Seaman in New York; Editing by Peter CooneyOur Standards: The Thomson Reuters Trust Principles.
e86ce78b6e3dfbfea013fdec673660e7
https://www.reuters.com/article/us-florida-shooting-claim-confirmation-idUSKCN0YY0X0
Islamic State's claim of responsibility for Orlando shooting not confirmed: senator
Islamic State's claim of responsibility for Orlando shooting not confirmed: senator By Reuters Staff1 Min Read (Reuters) - Florida Senator Bill Nelson said on Sunday that a claim made by Islamic State’s Amaq news agency that the militant group was behind a shooting in Orlando, Florida, that left 50 dead was not yet confirmed. “The Islamic State’s news agency has just issued a statement that says that they are responsible. That has not been confirmed,” Nelson told reporters in Orlando. “We’ll have to see what those connections are once we get the details.” Reporting by Timothy Ahmann; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
fbfe30ce01215d9abebc2812b8361e02
https://www.reuters.com/article/us-florida-shooting-mosque-idUSKBN15L2L6
Florida man sentenced to 30 years in prison for mosque fire
Florida man sentenced to 30 years in prison for mosque fire By Zachary Fagenson2 Min Read MIAMI (Reuters) - A Florida man pleaded no contest and was sentenced on Monday to 30 years in prison for setting fire last year to the mosque where Orlando nightclub shooter Omar Mateen once worshipped, court officials said. Slideshow ( 2 images ) Joseph Schreiber, 32, caused more than $100,000 in damage to the Islamic Center of Fort Pierce, which he set ablaze on Sept. 11, 2016, the 15th anniversary of the Sept. 11 attacks, authorities said. The crime also coincided with the Muslim holy day of Eid al-Adha, or the Feast of Sacrifice. No one was hurt, but the fire forced the congregation to relocate prayer services as it seeks a new home. Schreiber told police after his arrest in September that his attack on the mosque had nothing to do with Mateen, Assistant State Attorney Steve Gosnell said in an interview on Monday. A lawyer for Schreiber could not be immediately reached after Monday’s court hearing in St. Lucie County. The mosque was close to the apartment Mateen shared with his wife before he killed 49 people and wounded dozens more at a gay nightclub in Orlando last June, the deadliest mass shooting in modern U.S. history. Mateen pledged allegiance to the head of the Islamic State militant group during a 911 emergency call before being killed in a shootout with police after a three-hour standoff at the Pulse nightclub. Investigators do not believe he had assistance from outside organizations. Schreiber told investigators he viewed the teachings of Islam as a national security threat, Gosnell said. Police previously said Schreiber’s Facebook page included anti-Muslim rhetoric. “He said he wasn’t angry, he didn’t do it with hatred,” the prosecutor said. Schreiber faced up to life in prison given his prior criminal record and the charge against him, arson evidencing prejudice, essentially a hate crime in Florida, Gosnell said. “It’s horrible when anyone attacks a house of worship for whatever purpose,” the prosecutor said. Reporting by Zachary Fagenson; Editing by Colleen Jenkins and Peter CooneyOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-florida-shooting-speaker/house-speaker-ryan-florida-shooting-shouldnt-threaten-right-to-own-guns-idUSKCN1FZ1VS?utm_source=nextdraft&utm_medium=website
House Speaker Ryan: Florida shooting shouldn't threaten right to own guns
House Speaker Ryan: Florida shooting shouldn't threaten right to own guns By Reuters Staff1 Min Read House Speaker Paul Ryan (R-WI) speaks at a news conference with Republican leaders after a closed conference on Capitol Hill in Washington, U.S., February 14, 2018. REUTERS/Yuri Gripas WASHINGTON (Reuters) - Speaker of the U.S. House of Representatives Paul Ryan, in a round of interviews with conservative radio shows on Thursday, said the Florida school shooting that killed at least 17 people on Wednesday should not threaten citizens’ rights to own guns. “There’s more questions than answers at this stage,” the Republican lawmaker said in an interview with Tom Katz on Indiana radio station WIBC about the mass shooting less than 24 hours earlier. “I don’t think that means you then roll that conversation into taking away citizens’ rights - taking away a law-abiding citizen’s rights. Obviously this conversation typically goes there. Right now, I think we need to take a breath and collect the facts.” Reporting by Lisa LambertEditing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
f32bd3eddb9d3eb66a34dc6d0ce1c520
https://www.reuters.com/article/us-florida-shooting-victims/gamer-killed-in-florida-never-even-had-a-fist-fight-idUSKCN1LC2E6
Gamer killed in Florida 'never even had a fist fight'
Gamer killed in Florida 'never even had a fist fight' By Bernie Woodall3 Min Read (Reuters) - Elijah Clayton, one of two men killed on Sunday at a video gaming competition in Jacksonville, Florida, was a peaceful young man who had “never even had a fist fight,” his cousin said. FILE PHOTO: Police officers cordon off a street outside The Jacksonville Landing after a shooting during a video game tournament in Jacksonville, Florida August 26, 2018. REUTERS/Joey Roulette Brandi Pettijohn said her family was “devastated” by the fatal shooting of the 22-year-old Clayton, from Woodland Hills, California, who went by the name “True.” Taylor Robertson, 27, of Giles, West Virginia, was the second player killed on Sunday. He went by the name “SpotmePlzzz.” “Elijah’s family wants you to know he was a good man. He did not believe in violence. He never even had a fist fight,” Pettijohn said to reporters on Monday. She and others in Clayton’s family flew to Jacksonville from California on Sunday night. Both of the men killed were elite players, also called gamers, of the Madden football video game made by EA Sports, a division of Electronic Arts Inc. Jacksonville Sheriff Mike Williams said the suspect in the shootings had walked past people at a pizza restaurant, which housed the room where the tournament was held, and targeted competitors. Social media and local media reports in West Virginia showed Robertson was the father of a young son and that he and his wife were married in 2013. A GoFundMe page raising donations for Robertson’s family had raised about $10,000 of a $100,000 goal by Monday afternoon. Another GoFundMe page for the families of both men called the “Madden Community Fallen Angels” by Monday afternoon had raised about $13,000 of its $100,000 goal. Robertson was a football player while he was in high school in Monroe County, West Virginia, and he grew up helping his father do chores on a farm, a local media report showed. Pettijohn said Clayton had six brothers and three sisters. Clayton’s parents stood behind Pettijohn as she addressed reporters on Monday. “As you all can imagine, we are devastated by yet another senseless act of gun violence. Every person who has stood in this position has said that they never thought this would happen to their family, and we are no different,” Pettijohn said. Clayton was saving his winnings from competitive gaming to pay for college, Pettijohn said. He had earned about $51,000 playing Madden football and Robertson had earned about $80,000, EA Sports said on its website. Reporting by Bernie Woodall in Fort Lauderdale, Fla.; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
ea3ce5d67851fe2978bb6b22dc5add0f
https://www.reuters.com/article/us-florida-shooting/gunman-who-killed-five-at-florida-airport-to-get-life-in-prison-idUSKBN1L21IL
Gunman who killed five at Florida airport sentenced to life
Gunman who killed five at Florida airport sentenced to life By Bernie Woodall2 Min Read FORT LAUDERDALE, Fla. (Reuters) - A U.S. veteran of the war in Iraq who killed five people during a shooting spree in the arrivals area of a Florida airport last year was sentenced on Friday to life in federal prison for what the judge called “85 seconds of evil.” Esteban Santiago, 28, had pleaded guilty in May to launching the attack, near a baggage carousel at Fort Lauderdale-Hollywood International Airport on Jan. 6, 2017. Under a deal with prosecutors, he escaped the death penalty and was instead sentenced to five consecutive life terms followed by 120 years in prison, without the right of appeal. U.S. District Judge Beth Bloom had pushed back the sentencing hearing to allow families of victims to be present. A woman who was wounded and whose husband was killed told Santiago he was a coward, WFOR-TV in Miami reported. Bloom called the shootings, “85 seconds of evil,” and Santiago chose not to speak at the hearing, the TV station reported. Slideshow ( 2 images ) Santiago carried out the rampage after flying to Florida from his home in Anchorage, Alaska, then recovering a 9mm pistol and two ammunition clips from his checked baggage. In addition to killing five people, he wounded six others as he walked through the arrivals area, apparently opening fire at random, security camera footage showed. After running out of bullets, he placed his weapon on the floor and surrendered to police. A psychologist testified during a plea hearing in May that Santiago had been diagnosed with schizophrenia. Judge Bloom ruled in March 2017 that he was mentally fit to stand trial. Santiago, who served in the Puerto Rico and Alaska National Guard, was deployed to Iraq from 2010 to 2011. At a previous hearing, when Bloom asked Santiago why he carried out the attack, he replied: “I don’t know. I wasn’t thinking about it at the time ... There were a lot of things going on in my mind, messages.” Reporting by Bernie Woodall in Fort Lauderdale, Fla.; Editing by Daniel Wallis and Steve OrlofskyOur Standards: The Thomson Reuters Trust Principles.
cdd406ddca4d375a7f5c5387cf26f479
https://www.reuters.com/article/us-flu-vaccines-who/fast-track-flu-vaccines-dont-reduce-safety-who-idUSTRE5751HH20090806
Fast-track flu vaccines don't reduce safety: WHO
Fast-track flu vaccines don't reduce safety: WHO By Reuters Staff3 Min Read GENEVA (Reuters) - Procedures to fast-track approvals of new vaccines to combat H1N1 influenza do not reduce safety, the World Health Organisation said on Thursday. The WHO said vaccines had to be available quickly and in large quantities to have the greatest impact. “The public needs to be reassured that regulatory procedures in place for the licensing of pandemic vaccines, including procedures for expediting regulatory approval, are rigorous and do not compromise safety or quality controls,” it said. The WHO has said the current outbreak of H1N1, declared a pandemic on June 11, is the fastest ever pandemic and could eventually affect 2 billion people. A WHO statement said concerns had been expressed about the safety of vaccines to fight H1N1, known as swine flu. But the United Nations agency said vaccines had arrived too late in the 1957 and 1968 flu pandemics to be of much use, and flu vaccines had not yet been developed in the 1918 “Spanish flu” pandemic which killed an estimated 50 million people. It said it had been working with government regulators and vaccine makers in 2007 to look at ways of speeding up the approval of a new vaccine if a fresh virus strain emerged. In some cases the process could be faster because a vaccine was not really new, as it was based on the technology for existing seasonal flu vaccines, it said. But the WHO said safety issues could arise during a pandemic when a vaccine is administered on a mass scale, even if they did not show up in safety trials. “For these reasons, WHO advises all countries administering pandemic vaccines to conduct intensive monitoring for safety and efficacy, and many countries have plans in place for doing so,” it said. The WHO’s top vaccines expert, Dr Marie-Paule Kieny, is due to give a briefing at 8:30 a.m. EDT in which she will provide an update on H1N1 vaccines. Leading flu vaccine makers include Sanofi-Aventis, Novartis, Baxter, GlaxoSmithKline and Solvay. Novartis has started human testing of H1N1 swine flu vaccine candidates while Sanofi-Aventis, the world leader in flu shots, will commence within days, company officials said on Tuesday. (For the full WHO statement go to www.who.int/csr/disease /swineflu/notes/h1n1_safety_vaccines_20090805/en/index.html ) Reporting by Jonathan LynnOur Standards: The Thomson Reuters Trust Principles.
0baf0049efa2946c5602eeb474fb327c
https://www.reuters.com/article/us-flu-virtual/online-blood-plague-offers-lessons-for-pandemics-idUKTRE53Q4HI20090427?edition-redirect=uk
Online 'blood plague' offers lessons for pandemics
Online 'blood plague' offers lessons for pandemics By Andrew Marshall, Asia Political Risk Correspondent7 Min Read SINGAPORE (Reuters) - In the dungeons of Zul’Gurub frequented by online game enthusiasts, a giant winged serpent called Hakkar the Soulflayer may offer important clues to epidemiologists trying to predict the impact of a pandemic. Researchers at the National Veterinary Research and Quarantine Service (NVRQS) examine samples taken from pork imported from Mexico at the NVRQS centre in Anyang, south of Seoul April 27, 2009. REUTERS/Lee Jung-hoon/Yonhap In September 2005, a plague called “Corrupted Blood” caused mayhem in the hugely popular online game World of Warcraft. What happened next illustrates the kind of issues policymakers will have to grapple with if a deadly outbreak of swine flu in Mexico spreads. An estimated 4 million players were affected by the pandemic, and by the time it had run its course, whole virtual cities were littered with the bones of the dead, with most survivors fleeing urban areas for the relative sanctuary of the countryside. Epidemiologists and disaster planners have tried for years to build realistic models of how a highly virulent disease might spread and impact global society and the economy. But the Corrupted Blood plague accidentally provided something unprecedented -- a chance to safely study a pandemic in a uniquely complex virtual environment in which millions of unpredictable individuals were making their own decisions. In an article in the Lancet Infectious Diseases journal in 2007, Nina Fefferman and Eric Lofgren of the Tufts University School of Medicine said the incident “raised the possibility for valuable scientific content to be gained from this unintentional game error” -- providing insight into real-world pandemics. Blizzard Entertainment, the creators of World of Warcraft, never intended the plague to get so out of control. At first, it could only be encountered by relatively advanced players who had penetrated deep into a new dungeon provided as part of a software update. Among the many offensive powers of Hakkar -- others included “blood siphon” and “cause insanity” -- was the ability to spread the Corrupted Blood plague. Most players who had come this far were strong enough to survive, and the plague was never supposed to spread far. But as with many real-world events, things did not go entirely to plan. TELEPORTATION AND MAGIC PETS “Unlike previous ‘virtual plagues’ that had been officially planned, this was a local effect that went out of control -- a naturally occurring virtual outbreak,” Ran Balicer of Israel’s Ben-Gurion University wrote in the journal Epidemiology. World of Warcraft allows players to teleport themselves from one place to another. And some infected players beamed themselves out of the dungeon and into cities, where weaker victims soon began to drop like flies. Also, the game allows players to own pets who can be banished and summoned at will. These pets also played a key role in spreading the plague beyond the dungeon. While teleportation and magical pets belong in the world of fantasy, these developments inadvertently mimicked possible characteristics of real pandemics, the two studies say. The risks that pandemics will spread through quick global transportation links and inter-species transmission are key factors that may well come into play in real-world outbreaks. Balicer said the impact of teleportation in World of Warcraft was “similar to the role of air travel in the rapid global spread of severe acute respiratory syndrome (SARS),” while the havoc wrought by infected pets echoed the part played by asymptomatic ducks in spreading avian flu among bird populations. Before long, disease was raging across the online world. “Soon, the disease had spread to the densely populated capital cities... causing high rates of mortality and, much more importantly, the social chaos that comes from a large-scale outbreak of deadly disease,” Fefferman and Lofgren wrote. In web forums, players described scenes of devastation. One said the online world had been “filled to the brim with corpses.” “The city had streets literally white with the bones of the dead,” the player said. Screenshots show game characters walking through eerily deserted streets strewn with skeletons. “Seemingly innocuous aspects of the game world, each directly mirroring an aspect of real-world epidemiology, allowed what should have been a very minor point of interest in a small area of the game... to become the first online instance of uncontrolled plague to affect millions of Americans, Asians and Europeans at home,” Fefferman and Lofgren wrote. HUMAN RESPONSES What made Corrupted Blood so interesting was the way players responded -- providing an insight into the psychological response to plague that most computer models can never hope to capture. Some players selflessly rushed to help, using their healing powers and acting as first responders despite the risk. “Their behavior may have actually extended the course of the epidemic and altered its dynamics... keeping infected individuals alive long enough for them to continue spreading the disease, and by becoming infected themselves and being highly contagious when they rushed to another area,” the Lancet article said. Others got infected on purpose and strolled around populated areas -- leading some security analysts to say the incident may provide insight into how terrorists would exploit a pandemic. Dealing with thousands of complaints from players whose online alter egos had fallen victim to the plague, Blizzard Entertainment tried to quarantine the infected zones. But -- as is likely in real life -- the barriers were porous and some infected victims managed to find their way into “safe” areas. The inability of the game’s creators to halt the virtual plague mirrored expectations of real epidemics. “Once a fully contagious virus emerges, its global spread is considered inevitable,” the International Monetary Fund said in a 2006 report on the likely impact of a flu pandemic. “Countries might, through measures such as border closures and travel restrictions, delay arrival of the virus, but cannot stop it.” Confusion reigned in Internet chat forums as baffled players tried to understand the plague -- often spreading misinformation. Again, this has real-world parallels. In a study of the likely effects of a major pandemic, the World Economic Forum warned of the risks of “infodemics” -- “where the rapid spread of inaccurate or incomplete information can amplify the effects of the core risk event.” In the end, Blizzard had to cheat to save the world. “The game’s developers (had) an option that remains unavailable to public health officials -- resetting the computers,” Fefferman and Lofgren wrote. “When the servers ravaged by the epidemic were reset and the effect removed, the outbreak came to a halt.” Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.
ec9fc4e116eb73e4beb9cf7212beaf39
https://www.reuters.com/article/us-flu-who-name/who-changes-flu-virus-strain-name-from-swine-flu-idUSTRE53T5S220090430
WHO changes flu virus strain name from swine flu
WHO changes flu virus strain name from swine flu By Reuters Staff2 Min Read * WHO changes name of new virus strain from swine flu A worker wears a mask as she talks on a walkie-talkie at Santiago's international airport April 27, 2009. REUTERS/Ivan Alvarado * Now referred to as influenza A * Meat industry had objected to pig link GENEVA (Reuters) - The World Health Organization (WHO), bowing to pressure from meat industry producers and concerned governments, said on Thursday it would refer to a deadly new virus strain as influenza A (H1N1), not swine flu. “From today, WHO will refer to the new influenza virus as ‘influenza A (H1N1)’,” it said on its www.who.int/en/ website. The new strain has infected 257 people. The WHO has confirmed eight deaths although many more people are suspected to have died from the virus. It derives from a swine influenza virus but the new strain has been found only in people. While it contains mostly swine flu genetic sequences, it also contains small amounts of human and bird flu virus genetic material. No pigs have been confirmed to be sick with it. WHO has consistently said the disease cannot be caught from eating pork if it is prepared properly. “There is also no risk of infection from this virus from consumption of well-cooked pork and pork products,” it said on its website on Thursday. The name of the flu led several countries to ban imports of pork from Mexico and the United States, where the outbreak first appeared, and authorities in Egypt have ordered a cull of pigs. U.S. and European food industries and governments had been calling for a change in name to remove the link in people’s minds between the disease and pigs. The “influenza A (H1N1)” designation refers to a family of flu strains, including one of the current seasonal strains and the strain that caused the 1918 influenza pandemic that killed an estimated 40 million people or more. (For more Reuters stories on swine flu, click on [nFLU]) (For more Reuters swine flu coverage, please click here: here ) (For WHO information on swine flu, go to: here ) Reporting by Jonathan Lynn; Editing by Stephanie NebehayOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-flutterwave-worldpy-funding/african-fintech-flutterwave-gets-35-million-partners-with-worldpay-idUSKBN1ZK1IE
African fintech Flutterwave gets $35 million, partners with WorldPay
African fintech Flutterwave gets $35 million, partners with WorldPay By Libby George3 Min Read LAGOS (Reuters) - Africa-focused fintech firm Flutterwave on Tuesday announced a $35 million fundraising round and partnerships with WorldPay and Visa as it targets expansion in northern and Francophone Africa. A man poses as he displays the Flutterwave homepage on a mobile phone screen in Abuja, Nigeria January 21, 2020. REUTERS/Afolabi Sotunde The startup, founded in 2016 by Nigerians and headquartered in San Francisco, specializes in individual and consumer transfers -- one of several fintech firms aiming to facilitate and capitalize on Africa’s booming payments market. As part of the deal, Flutterwave will become the African payment provider for Worldpay’s clients worldwide, making the company the latest African fintech firm to attract global cash and big-name partnerships. While the agreement is not exclusive, it is WorldPay’s only partner on the continent. Visa’s investment is its first buy in to Flutterwave, with which it joined last year on a consumer payment platform now called Barter by Flutterwave, which allows individuals to make payments to one another across borders. As part of the latest funding round, Flutterwave will scale up and expand that service, allowing it to issue physical and virtual Visa cards and process payments using Visa’s networks. “For us at Flutterwave, we have been focused on enterprise clients and now we are going to deepen that and also show how we can help small business scale their business when they use us as their payment partner,” Flutterwave’s founder and chief executive GB Agboola told Reuters. “That’s a major goal for this investment for us.” Visa also bought a 20% stake in Nigerian payments firm Interswitch late last year, elevating it to “unicorn” status - a term used for tech companies with a valuation of a billion dollars or more. Interswitch, founded in 2002 and also expanding across Africa, is the main platform for Nigeria’s business-to-business transactions, whereas Flutterwave’s main focus is on individual payments -- making it more akin to an African Venmo, where people pay each other back or transfer cash to family. “We have built a technology infrastructure that is steadily being recognized as the bridge to connect the payment system,” Agboola said in a statement. Business consulting firm Frost & Sullivan forecast that Nigeria’s fintech revenues alone will grow from $153.1 million in 2017 to $543.3 million by 2022. Flutterwave’s main backer in the fundraising round was venture capital firm Greycroft & eVentures, with other large backers including CRE Ventures, WorldPay FIS, Visa, and Green Visor. Reporting By Libby George; Editing by Kirsten Donovan and David EvansOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-fly-idUSN2836748720080829
Why it's so hard to swat a fly
Why it's so hard to swat a fly By Reuters Staff2 Min Read A woman swats flies in Pancevo, Serbia, June 20, 2007. REUTERS/Marko Djurica CHICAGO (Reuters) - The brains of flies are wired to avoid the swatter, U.S. researchers said on Thursday. At the mere hint of a threat, the insects adjust their preflight stance to flee in the opposite direction, ensuring a clean getaway, they said in a finding that helps explain why flies so easily evade swipes from their human foes. “These movements are made very rapidly, within about 200 milliseconds, but within that time the animal determines where the threat is coming from and activates an appropriate set of movements to position its legs and wings,” Michael Dickinson of the California Institute of Technology said in a statement. “This illustrates how rapidly the fly’s brain can process sensory information into an appropriate motor response,” said Dickinson, whose research appears in the journal Current Biology. Dickinson’s team studied this process in fruit flies using high-speed digital imaging equipment and a fancy fly swatter. In response to a threat from the front, the fly moves its middle legs forward, leans back and raises its back legs for a backward takeoff. If the threat is from the side, the fly leans the other way before takeoff. The findings offer new insight into the fly nervous system, and lends a few clues on how to outsmart a fly. “It is best not to swat at the fly’s starting position,” Dickinson said. Instead, aim for the escape route. Dickinson, a bioengineer, has devoted his life’s work to the study of insect flight. He has built a tiny robotic fly called Robofly and a 3-D visual flight simulator called Fly-O-Vision. Reporting by Julie Steenhuysen, editing by Will Dunham and Xavier BriandOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-food-chefs-dragonwagon-idINTRE81R0J120120228?edition-redirect=in
World Chefs: New cookbook spills the beans ... on beans
World Chefs: New cookbook spills the beans ... on beans By Patricia Reaney5 Min Read NEW YORK (Reuters) - Award-winning cookbook author Crescent Dragonwagon knows a lot about beans -- all kinds of beans, and how to use them to create everything from soups and salads to stews and curries and even cookies and ice cream. Cookbook author and chef Crescent Dragonwagon is shown in a recent photo. REUTERS/Walter Fogg/ Brattleboro Food Co-Op/Handout Her latest cookbook, “Bean by Bean,” contains 175 recipes for meat and vegetarian meals, as well as the basics about different beans and their origins, and selecting, preparing, cooking and storing them. The 59-year-old author and former restaurant owner spoke to Reuters about her passion for beans, their appeal and healthy benefits -- and how to avoid an embarrassing side effect of eating them. Q: Why did you write a cookbook about beans? A: “First of all there are thousands of varieties of beans. Second of all you can eat them at every phase of their lifecycle. Third of all they are the only plant that actually enriches the soil by growing as opposed to depleting it. They put nitrogen back in the soil, so they enrich the soil ... In these straightened financial times beans are the food of the 99 percent and they would be the food of the one percent if they knew what was good for them. They are healthy. They are inexpensive and they are absolutely like the perfect canvas for any picture you want to paint with them from sweet to tart to creamy to smooth to texture to spicy.” Q: How did you learn so much about beans? A: “I tend to be a person who when I get interested in something I get obsessed by it ... What happens to me is that I will fall in love with a particular ingredient, or a particular dish ... Once I make the decision that something has intrigued me enough to draw me in there is no end to it.” Q: Beans are a popular and staple food in many countries but not as popular in others, why is that? A: “They may not be the first thing that comes to mind in America because we are so used to eating meat heavily but there is more and more interest in them from the health standpoint, from the cost standpoint, from the environmental footprint standpoint, and also because of the movement for the farmers’ market and connecting with the food.” Q: Are you hoping to enlighten people about beans and elevate them to a higher culinary status? A: “I didn’t set out to do that. I just think there is so much inherent goodness (in beans) .... I am going to let the beans do it for themselves.” Q: Beans can cause unwanted effects in some people. How do you deal with that? A: “It’s pretty simple. There is a water soluble sugar that is in beans called oligosaccharides and they are indigestible by human beings. They ferment during the digestion process and hence you have gas. The more water you soak your beans in, the fewer oligosaccharides you have, and if you soak them in water a couple of times you can really mitigate it. That is not the only factor, some beans have more oligosaccharides than others.” Q: Are there any secrets to cooking with beans? A: “First of all you want to do the soaking with almost all of the larger beans because that will take care of the gas and second of all ... they want to be seasoned and flavored.” Elsie’s Cuban Black Bean Soup (serves 6 to 8) 2 cups of black beans, picked over, rinsed and soaked overnight 2 1/2 quarts (10 cups) of well-flavored vegetable stock or water 2 bay leaves 1 fresh jalapeno pepper, stemmed, seeded and removed for mildness, or left in for heat, chopped 1/4 to 1/2 cup of extra-virgin olive oil 3 large onions chopped 2 green peppers, stemmed, seeded, and coarsely chopped 4 to 6 cloves garlic, finely minced Salt 2 cups cooked long-grain white rice, for serving 1 red onion, finely chopped, for serving Drain and rinse the beans and place them in a large, heavy soup pot with the stock. Bring to a boil, turn down the heat to simmer and drop in the bay leaves and jalapeno. Cover tightly and cook, stirring occasionally, until the beans are tender, 1 1/2 to 2 hours. Toward the end of this period, heat the oil in a large, heavy skillet over medium heat. Add the onions and saute, stirring, until they begin to become translucent, about 3 minutes. Add the green peppers and continue sauteing for another 3 minutes, then stir in the garlic and cook for another minute. Turn off the heat. When the beans are tender, stir in the onion mixture, add salt to taste, and simmer, slowly, uncovered, to let the flavors meld, at least 20 minutes and longer if you like. Discard the bay leaves and jalapeno. Place some rice and a good sprinkling of red onion into the center of each bowl and ladle the soup over the top. Editing by Elaine LiesOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-food-safety-study/foodborne-illness-costs-152-billion-annually-idUSTRE6220NO20100304
Foodborne illness costs $152 billion annually
Foodborne illness costs $152 billion annually By Christopher Doering4 Min Read WASHINGTON (Reuters) - Foodborne illnesses cost the United States $152 billion in health-related expenses each year, far more than prior estimates, according to a study released by consumer and public health groups on Wednesday. Bundled spinach is pictured in a cooler at a wholesale farmer's market in Washington September 15, 2006. U.S. supermarkets cleared shelves of bagged fresh spinach after the Food and Drug Administration warned the produce could be the source of a deadly E. coli outbreak across the nation. REUTERS/Jonathan Ernst Food safety advocates are hoping the study will boost efforts in Congress to overhaul the nation’s antiquated food safety system that has seen consumer confidence plunge. In recent years, the food supply has been battered by a series of high-profile outbreaks, many involving produce, such as lettuce, spinach, peppers and peanuts, leading to a rash of illnesses and even death for consumers. Dozens of pathogens, many of them unknown, creep into the food supply each year. The price tag includes medical costs, lost productivity and quality-of-life, according to a study from the Produce Safety Project. “This is significantly more than previous official estimates and it demonstrates the serious burden that foodborne illness places on society,” said Sandra Eskin, a spokeswoman with Make Our Food Safe Coalition, a group of consumer, public health and other groups pushing for stronger food safety laws. The latest study to delve into foodborne illnesses comes as Congress works to craft legislation that would mark the first major overhaul of the food safety system in 50 years. The House passed its bill last July and the Senate, which has been bogged down with healthcare and regulatory reform, is expected to act this year. The goal is to bring the food safety bill to a Senate vote around the Easter break and get it to President Obama by May, said Senator Tom Harkin on Tuesday during a hearing on agricultural appropriations. Harkin is the head of the Senate Health, Education, Labor and Pensions Committee, which unanimously approved a food safety bill in November. “My hope... is that the sobering numbers of this report will compel the Senate to act immediately on food safety legislation,” said Rep. Rosa DeLauro, who has vigorously pushed for food safety reform. “We literally can not afford to wait.” Past official government estimates of health-related costs of foodborne illness have ranged from $7 billion to as much as $35 billion, but they considered only limited costs and pathogens, according to the report. The new study, an initiative of the Pew Charitable Trusts and Georgetown University, considered a total of 27 known pathogens --such as salmonella and listeria -- and looked at more health-related costs, pushing the price tag to $152 billion. Overall, foodborne illness costs related to produce were responsible for $39 billion of that total. Many firms including Kellogg Co, whose company lost nearly $70 million in products from the recent peanut recall, and ConAgra Foods have been among those affected. An estimated 76 million people in the United States get sick each year with foodborne illness and 5,000 die, according to the U.S. Centers for Disease Control and Prevention. The study found Kentucky had the lowest cost per foodborne case at $1,731. Alternatively, greater exposure to higher cost pathogens pushed the price tag to about $2,008 per case in Hawaii. The average cost in the United States was $1,851. Typical medical costs from a case of foodborne illness range from $78 in Montana to $162 in New Jersey with much of the difference due to physician and hospital charges. The average productivity loss from a case of foodborne illness is between $377 in Mississippi and $924 in Delaware. Additional reporting by Chuck Abbott; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
9bde64ab2b60700fdf9a7dad5acebfd6
https://www.reuters.com/article/us-food-slime-scientist-idUSBRE82N0AG20120325
Scientist who coined "Pink Slime" reluctant whistleblower
Scientist who coined "Pink Slime" reluctant whistleblower By Carey Gillam4 Min Read Kansas City (Reuters) - Every time someone calls former U.S. government scientist Gerald Zirnstein a whistleblower, he cringes a little. Boneless lean beef trimmings are pictured in this March 20, 2012 handout photo courtesy of Beef Products Inc. REUTERS/Beef Products Inc./Handout When he coined the term “Pink Slime” to describe the unlabeled and unappetizing bits of cartilage and other chemically-treated scrap meat going into U.S. ground beef, Zirnstein was a microbiologist at the U.S. Department of Agriculture. He made the slime reference to a fellow scientist in an internal - and he thought private - email. But that email later became public, and with it came an explosion of outrage from consumer groups. Descriptions of a mix of fatty beef by-products and connective tissue, ground up and treated with ammonium hydroxide, then blended with ground beef have led the nation’s largest supermarket chains to ban the product. McDonald’s said it would stop buying hamburger containing what the industry calls “finely textured beef,” and the USDA has said school districts can opt out of feeding it to children. For food safety advocates, the campaign to reject Pink Slime has been wildly successful. Zirnstein said even though he never intended to publicize this issue, he does hope the furor will bring about change. “You look through the regulations and a lot of that stuff was never approved for hamburger. It was under the radar,” said the 54-year-old Zirnstein, who lives outside Washington, D.C. with his wife and 2-year-old son. “It’s cheating. It’s economic fraud,” he said in a telephone interview. Zirnstein, who worked in a meat plant growing up in Kansas, said the situation came to his attention a decade ago. In 2002, he was working as a USDA food scientist and was assigned to a project to determine what was going into ground beef and whether the ingredients met federal regulations. PET FOOD AND COOKING OIL At the same time, the beef industry was asking the government to endorse a new product they called “lean finely textured beef” that was largely trimmings typically used for pet food and cooking oil. The trimmings were treated with ammonia to kill dangerous bacteria. USDA officials approved the processed product. Zirnstein was disgusted, and made his opinion known to co-workers in an email that called the processed product “pink slime.” The email was later released to the New York Times as part of a Freedom of Information request for a 2009 investigative article on food safety. The newspaper article mentioned the slime reference in passing. “Nobody did anything (about pink slime). USDA dropped the ball again. The meat industry soft sold it,” said Zirnstein, who left USDA and took a job as an industry consultant but now is unemployed. The issue got renewed life when British celebrity chef Jamie Oliver, who advocates for American children to eat healthier food, devoted an episode of his television show to the topic in April last year. Disgusted by the product, consumer activist organizations, food safety blogs and the media have pounced on the issue. More than a million people have watched a YouTube video of Oliver’s show, an online petition has begun and consumers have complained to major grocery companies. The American Meat Institute says the product is 98 percent lean beef and USDA continues to say it is safe. But that has not stopped a parade of major supermarket chains and fast food companies from spurning the product. “The whole thing went viral ... Just blew the top off everything,” said Zirnstein. Zirnstein said he worried at first about being deemed a whistleblower, but now does not care. “I am really an involuntary whistleblower,” he said. But he added, “It looks like pink slime. That is what I said.” Asked if he and his family still eat hamburgers, Zirnstein sighed. “The labels aren’t clear, so we don’t eat it. That’s the thing,” he said. “It isn’t freaking labeled.” Editing by Greg McCune and Vicki AllenOur Standards: The Thomson Reuters Trust Principles.
f8ceb93ef23a42203064948824e60bb5
https://www.reuters.com/article/us-food-waste-idUSBRE87K0WR20120821
Americans waste, throw away nearly half their food: study
Americans waste, throw away nearly half their food: study By Reuters Staff2 Min Read Expired fruits from a supermarket sit on the sorting floor at the Wilmington Organic Recycling Center in Wilmington, Delaware, January 8, 2010. REUTERS/Tim Shaffer (Reuters) - Americans throw away nearly half their food every year, waste worth roughly $165 billion annually, according to a study released on Tuesday. “As a country, we’re essentially tossing every other piece of food that crosses our path. That’s money and precious resources down the drain,” said Dana Gunders, a scientist with the Natural Resources Defense Council’s food and agriculture program. The NRDC report said Americans discard 40 percent of the food supply every year, and the average American family of four ends up throwing away an equivalent of up to $2,275 annually in food. Just a 15 percent reduction in losses in the U.S. food supply would save enough to feed 25 million Americans annually. It also would lighten the burden on landfills, where food waste makes up the largest component of solid waste, according to the NRDC, a nonprofit environmental organization. Particularly worrisome, the organization said, was evidence that there has been a 50 percent jump in U.S. food waste since the 1970s. Unsold fruits and vegetables in grocery stores account for a big part of the wasted food. But consumers and restaurants are also to blame, preparing large portions that result in leftovers that often go uneaten. The NRDC said it is asking for the U.S. government to study losses in the food system and set goals for waste reduction. “No matter how sustainably our food is farmed, if it’s not being eaten, it is not a good use of resources,” said Gunders. Reporting by Carey Gillam; Editing by Dan GreblerOur Standards: The Thomson Reuters Trust Principles.
e0e4f42f68a6cbc0a037a3837e3ca5a5
https://www.reuters.com/article/us-football-ncaa-van-fuller-idUSKBN2880UL?taid=5fc2db2698701900016e44eb&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
History: Fuller becomes first woman to play for Power Five team
History: Fuller becomes first woman to play for Power Five team By Reuters Staff2 Min Read Sarah Fuller of Vanderbilt made college football history on Saturday when she became the first woman to play in a game for a Power Five team. Nov 28, 2020; Columbia, MO, USA; Vanderbilt Commodores kicker Sarah Fuller (32) before the game against the Missouri Tigers at Faurot Field at Memorial Stadium. Mandatory Credit: Hunter Dyke/Handout Photo via USA TODAY Sports She got her opportunity when she kicked off to open the second half with Vanderbilt trailing 21-0. The squib kick traveled 30 yards and was covered by a Missouri player at the Tigers’ 35-yard line. The 6-foot-2 Fuller is the goalkeeper for Vanderbilt’s women’s soccer team, which won the SEC championship last weekend. “Honestly, it’s just so exciting,” Fuller said after the Commodores’ 41-0 loss. “The fact that I can represent all the girls out there that have wanted to do this or thought about playing football or any sport really, and it encourages them to be able to step out and do something big like this, it’s awesome.” She joined kickers Katie Hnida (New Mexico, 2003) and April Goss (Kent State, 2015) as the only women to play in a Division I college football game. Fuller did not get the chance to attempt a field goal or extra point. Fuller wore No. 32 for the Commodores (0-8, 0-8 SEC) and the phrase “Play Like A Girl” was stripped across the back of her helmet. She was pressed into service for the football team when the Commodores’ kickers became unavailable because of COVID-19 protocols. She tried out for the team earlier this week and was the only kicker to travel with the team to Columbia, Mo. “She’s got a strong leg,” coach Derek Mason said earlier in the week. “We’ll figure out what that looks like on Saturday.” Fuller was amazed by the opportunity. “I think it’s amazing and incredible,” Fuller said Friday. “But I’m also trying to separate that because I know this is a job I need to do, and I want to help the team out and I want to do the best that I can. Placing that historical aspect aside just helps me focus in on what I need to do. I don’t want to let them down in anyway. It’s an honor they called on me to be able to do this and help them out.” --Field Level Media Our Standards: The Thomson Reuters Trust Principles.
ccf981de824e53df8abdff678fcaaac9
https://www.reuters.com/article/us-football-nfl-dal-bryant-arrest-idUSKBN20Y2UO
Cowboys' Ventell Bryant arrested on suspicion of DUI
Cowboys' Ventell Bryant arrested on suspicion of DUI By Reuters Staff1 Min Read FILE PHOTO: Aug 29, 2019; Cincinnati, OH, USA; Cincinnati Bengals wide receiver Ventell Bryant (81) runs the ball during warmups before a game against the Indianapolis Colts at Paul Brown Stadium. Mandatory Credit: David Kohl-USA TODAY Sports - 13276393 Dallas Cowboys wide receiver Ventell Bryant was arrested early Wednesday in Tampa, Fla., on suspicion of driving under the influence. The 23-year-old was pulled over at 2:45 a.m. ET for driving without his headlights on. According to an arrest summary obtained by the Dallas Morning News, Bryant “exhibited several clues of impairment and admitted to drinking several margaritas.” Bryant failed a field sobriety test and exceeded Florida’s legal blood-alcohol level of .08, testing at levels of .102 and .99, police said. He was booked on a $500 bond. The Cowboys have not commented on the arrest. Undrafted out of Temple in 2019, Bryant joined the Cowboys’ practice squad in September after being released by the Cincinnati Bengals. Promoted to the active roster on Oct. 2, he appeared in 12 games and registered six tackles on special teams. The 6-foot-3 wideout caught one pass, a 15-yard touchdown against the Buffalo Bills on Thanksgiving. --Field Level Media Our Standards: The Thomson Reuters Trust Principles.
53b5ba30f275686dc8ac996ec77a2a38
https://www.reuters.com/article/us-football-nfl-dal-morris-signing-idUSKCN1UP08U
Report: Minus holdout Elliott, Cowboys to sign RB Morris
Report: Minus holdout Elliott, Cowboys to sign RB Morris By Reuters Staff2 Min Read Slideshow ( 2 images ) On the same day that multiple media outlets reported that NFL rushing champion Ezekiel Elliott will be training in Cabo San Lucas, Mexico, instead of joining his Dallas Cowboys teammates at training camp at Oxnard, Calif., the team has made a counterpunch. The Cowboys have agreed to sign running back Alfred Morris to a one-year contract, Pro Football Talk reported Monday after confirming with his agency Katz Brothers Sports. Morris, 30, returns to the Cowboys after playing the 2018 season with the San Francisco 49ers. In 12 games (one start with the Niners, Morris rushed for 428 yards and two touchdowns. The seven-year NFL veteran played his first four seasons with the Washington Redskins, where he ran for more than 1,000 yards in each of his first three seasons. As a rookie in 2012, Morris posted 1,613 rushing yards and 13 touchdowns -- both figures ranking second in the league. Morris signed a two-year contract with Dallas in March 2016 and mostly served as a backup behind Elliott. Morris did start five of six games that Elliott missed in 2017 after being suspended for violating the NFL’s personal conduct policy. For his career Morris has accumulated 5,931 rushing yards and 34 touchdowns in 104 games (70 starts). --Field Level Media Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-football-nfl-nyj-mgm-gaming-partnersh/jets-mgm-resorts-announce-nfls-first-gaming-partnership-idUSKCN1N52UU
Jets, MGM Resorts announce NFL's first gaming partnership
Jets, MGM Resorts announce NFL's first gaming partnership By 2 Min Read Slideshow ( 2 images ) The New York Jets and MGM Resorts International announced Wednesday a multi-year partnership that makes the Las Vegas-based casino the official gaming partner of the club. It is the most comprehensive gaming partnership in the NFL. The agreement will give Jets fans access to an MGM mobile app, provide season-ticket holders with hospitality opportunities and rewards, and give MGM access to the Jets 360 production studio among other sponsorship exposure and advertising. “We could not be more excited to join with the New York Jets for a first-of-its-kind partnership in the NFL,” MGM Resorts Chairman & CEO Jim Murren said in a release. “We look forward to working with the Jets to innovate gaming, increase our customer base through cross marketing opportunities and provide NFL fans with a one-of-a-kind entertainment experience.” The announcement comes just two days after MGM announced a sports betting partnership with the NHL. It is similar to deals already struck between MGM and the NBA and WNBA. As part of the NHL deal, MGM Resorts will be able to market many of its products and services to NHL fans via various media platforms and events. The company will have access to enhanced NHL proprietary game data that will be generated by the league’s tracking systems currently under development. MGM and other casino companies have been seeking to take advantage of the U.S. Supreme Court’s ruling in May that removed a federal ban on sports betting. --Field Level Media
c875a5de3025ba415ae2f981e243ab8b
https://www.reuters.com/article/us-football-nfl-super-bowl-advertising/cbs-scores-record-545-million-in-super-bowl-ad-revenue-despite-low-ratings-idUSKBN2AA2P3
CBS scores record $545 million in Super Bowl ad revenue despite low ratings
CBS scores record $545 million in Super Bowl ad revenue despite low ratings By Sheila Dang1 Min Read FILE PHOTO: The ViacomCBS logo is displayed at the Nasdaq MarketSite to celebrate the company's merger, in New York, U.S., December 5, 2019. REUTERS/Brendan McDermid (Reuters) - ViacomCBS’ CBS network generated a record $545 million in advertising spending during the NFL’s Super Bowl LV this past Sunday, according to preliminary estimates from research firm Kantar. The game included a record 57 minutes of commercial time, and a 30-second ad was sold for an estimated average cost of $5.6 million, Kantar said Wednesday. The high price and increase in commercial time helped CBS score record revenue even as the game, which saw the Tampa Bay Buccaneers prevail over the Kansas City Chiefs, got the lowest TV ratings in 15 years. Advertisers flock to the Super Bowl because it is one of the last remaining annual events that attract millions of Americans to their TVs at the same time. Auto companies continued to be the top category among Super Bowl advertisers, representing 14% of total spending during the game, followed by streaming services and alcoholic beverages, Kantar said. Reporting by Sheila Dang; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-football-nfl-superbowl-ads/womens-empowerment-social-causes-take-the-field-in-nfl-super-bowl-ads-idUSKCN1PP2Y0
Women's empowerment, social causes take the field in NFL Super Bowl ads
Women's empowerment, social causes take the field in NFL Super Bowl ads By Sheila Dang3 Min Read (Reuters) - College education and clean water will be among the social issues that feature in commercials this Sunday, along with a spotlight on women, as advertisers seek to grab the attention of what is often the year’s largest television audience: the National Football League’s Super Bowl championship. Kia Motors Corp and Anheuser-Busch Inbev are two major brands plugging social causes, such as funding for college education and clean water, which appeal to millennials - the generation of people born between 1981 and 1996, that is prized by advertisers and tends to look for companies with values, marketing experts say. Last year’s Super Bowl saw TV ad buyers choosing to spotlight social responsibility in more than a quarter of the commercials - a “remarkable” change from the previous decade when such messages made up only about 5 percent of ads, said Charles Taylor, a professor of marketing at Villanova University School of Business, adding he expects the trend to continue. This year, the average cost of a Super Bowl commercial is about $5.2 million, Taylor said. Last year 103 million people watched the event. During this weekend’s matchup between the New England Patriots and Los Angeles Rams, Microsoft Corp plans to air a 60-second commercial for its new Xbox controller designed for gamers with limited mobility. Benjamin Hordell, founding partner of digital marketing and advertising firm DXagency, called the strategy a long-term play, as “people, especially millennials ... want their brands to stand for something,” he said. “Gen Z,” or those born between 1997 and 2012, also cares about where companies stand, according to Whitney Wolfe Herd, founder and chief executive of dating app Bumble. It will air a commercial during the Super Bowl partnering with American tennis star Serena Williams. Slideshow ( 2 images ) “They care about what they buy, what they do, where they go, the brands they wear, what impact that has on the world around them,” Herd told Reuters Video News in an interview. Along with Bumble, some of the buzziest of the pre-announced commercials are those with high-profile female celebrities or themes of women’s empowerment. In its first ever Super Bowl commercial, Beauty brand Olay, a unit of Procter & Gamble Co , will feature actress Sarah Michelle Gellar. Japanese automaker Toyota Motor Corp’s commercial will star Antoinette “Toni” Harris, a sophomore football player at East Los Angeles College in California who aspires to be the first female NFL player. While it is well known that women make up almost half of Super Bowl viewership, they have often been ignored by advertisers until recently, said Paul Caiozzo, co-founder of creative advertising agency Interesting Development. “There’s an emergence of women in leadership roles in ads, instead of being the butt of the joke or being shown in a bikini,” he said. Reporting by Sheila Dang and Hilary Russ; editing by Daniel Wallis, G Crosse and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-football-nfl-superbowl-peta/peta-defends-controversial-kneel-advertisement-intended-for-super-bowl-idUSKBN1ZW03D
PETA defends controversial 'kneel' advertisement intended for Super Bowl
PETA defends controversial 'kneel' advertisement intended for Super Bowl By Amy Tennery2 Min Read MIAMI (Reuters) - Animal rights group PETA defended an ad it said was rejected for the Super Bowl broadcast this year, after some critics said it trivialized and appropriated quarterback Colin Kaepernick’s kneeling protest against police brutality and racial injustice. The minute-long animated spot, which has gone viral on Twitter, shows animals from bears to horses taking a knee, ending with an American bald eagle kneeling, before the caption rolls: “Respect is the right of every living being #EndSpeciesism.” While some praised the advertisement, others on social media said it exploited a protest first staged by Kaepernick in 2016 to bring attention to police violence against black Americans. “PETA has a long history of misappropriating images of Black suffering & Black struggle to promote its brand,” Kristen Clarke, the president and executive director of the Lawyers’ Committee for Civil Rights Under Law, wrote on Twitter. “Using kneeling animals in this #SuperBowl ad is a new low.” In an email to Reuters, a representative for PETA, otherwise known as People for the Ethical Treatment of Animals, defended the ad and said that Kaepernick had approved of it. “No living being, old, young, from another country, LGBTQ, of color, or of another species, should be disrespected,” said spokeswoman Moira Colley. She said that Fox, which is broadcasting the Super Bowl, did not accept the advertisement. Reporting by Amy Tennery, Editing by Rosalba O’BrienOur Standards: The Thomson Reuters Trust Principles.
8482eaedff6b83a76ac726f33b7ae552
https://www.reuters.com/article/us-football-nfl-tb-sea-smith-idUSKBN23Z0MW
NFLPA's Smith: Workouts 'not in best interest' of safety
NFLPA's Smith: Workouts 'not in best interest' of safety By Reuters Staff2 Min Read FILE PHOTO: National Football League Players Association executive director DeMaurice Smith arrives at the Manhattan Federal Courthouse in New York, August 19, 2015. REUTERS/Brendan McDermid NFLPA executive director DeMaurice Smith took issue with NFL players working out together despite a recent recommendation from the union stating that they should refrain from doing so. During an interview with USA Today, Smith was asked about social media posts following workouts by Tampa Bay Buccaneers quarterback Tom Brady and Seattle Seahawks quarterback Russell Wilson. “Those practices are not in the best interest of player safety,” Smith told USA Today Sports in an editorial published Saturday. “They’re not in the best interest of protecting our players heading into training camp. And I don’t think they are in the best interest of us getting through an entire season.” Dr. Thom Mayer, the NFLPA’s medical director, issued a statement on June 20 advising players to avoid working out with teammates to prevent the spread of the coronavirus. More than a dozen Bucs players -- including new tight end Rob Gronkowski, wide receiver Chris Godwin and center Ryan Jensen -- met at a Tampa prep school Tuesday morning for a two-hour workout, according to the Tampa Bay Times. Also present, per the Times, were backup quarterbacks Blaine Gabbert and Ryan Griffin, wideout Scotty Miller and defensive backs Mike Edwards, Sean Murphy-Bunting and Jamel Dean. Brady, 42, and teammates have been working out regularly at Berkeley Preparatory School since mid-May. Wilson posted a video of a workout with Seahawks wide receiver DK Metcalf earlier this week. --Field Level Media Our Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-ford-china/ford-to-resume-production-at-china-joint-venture-with-changan-on-february-10-idUSKBN1ZS0VE
Ford to resume production at China joint venture with Changan on February 10
Ford to resume production at China joint venture with Changan on February 10 By Reuters Staff1 Min Read FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show, Belgium, Jan. 9, 2020. REUTERS/Francois Lenoir BEIJING/SHANGHAI (Reuters) - Ford Motor F.N plans to resume production on Feb. 10 at its manufacturing facilities in China with joint venture partner Chongqing Changan Automobile 000625.SZ, a spokesman for the U.S. automaker said on Wednesday. The production plan for its factories in Chongqing and Hangzhou comes as local governments have extended Lunar New year holidays to rein in a coronavirus that has killed more than 130 people in China. Reporting by Yilei Sun and Brenda Goh; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-ford-ekso-workers/ford-ekso-team-up-for-bionic-auto-workers-idUSKBN1D93B0?feedType=RSS&feedName=businessNews
Ford, Ekso team up for 'bionic' auto workers
Ford, Ekso team up for 'bionic' auto workers By Nick Carey4 Min Read WAYNE, Mich. (Reuters) - Robots have replaced many U.S. manufacturing workers, but new mechanical exoskeletons being tested by Ford Motor Co F.N may help factory workers to function like bionic people, reducing the physical damage of millions of repetitive tasks over many years. Ford Motor Co assembly worker Paul Collins wears a EksoVest as he works on the assembly line producing the Ford Focus and C-max at Wayne Assembly plant in Wayne, Michigan, U.S., November 9, 2017. REUTERS/Rebecca Cook The U.S. automaker said on Thursday that workers at two U.S. factories are testing upper-body exoskeletons developed by Richmond, California-based Ekso Bionics Holdings Inc EKSO.O, which are designed to reduce injuries and increase productivity. The four EksoVests were paid for by the United Auto Workers union, which represents hourly workers at Ford, and the automaker plans tests for the exoskeleton in other regions including Europe and South America. The cost of the exoskeletons, which were developed as part of a partnership between Ford and Ekso, was undisclosed. Two workers at each of the company’s Wayne and Flat Rock factories have been testing the exoskeletons since May. The lightweight vest supports workers while they perform overhead tasks, providing lift assistance of up to 15 pounds (6.8 kg) per arm through a mechanical actuator that uses torque to take the stress off a worker’s shoulders. If you try one on, if feels like an empty backpack, but it enables you to hold a weight such as a heavy wrench straight out in front of you indefinitely and without strain. Ekso began by developing exoskeletons for the military and medical fields, but branched out in manufacturing and construction in 2013. Slideshow ( 6 images ) Paul “Woody” Collins, 51, a worker at Ford’s Wayne plant, has been at the automaker for 23 years and has worn an EksoVest since May. He attaches bolts and parts to the undersides of Ford Focus and C-Max models, raising his hands above his head around 1 million times a year. Since wearing the vest, he has stopped having to put ice and heat on his neck three or four days a week and finds he has energy after work instead of feeling exhausted. Russ Angold, Ekso’s chief technology officer, said the aim is to get workers used to the technology before moving eventually into “powered” exoskeletons that “will help with lift and carry” work. “The idea is to demonstrate this isn’t science fiction, it’s real and it has real value,” Angold said on Thursday. “As we prove its value, we will be able to expand into other tasks.” The No. 2 U.S. automaker has been studying for years how to lower its workers’ injury rates and the exoskeleton venture is the latest step in that process. From 2005 to 2016, Ford recorded an 83 percent decrease in injuries or incidents that resulted in days away, work restrictions or job transfers, to a rate of 1.55 incidents per 100 full-time employees. That is a little over half the rate of 2.9 cases per 100 workers for private employers in 2016, according to U.S. government data. “We have made great progress, but shoulders are still our number one injury and they take a lot of time to heal,” Marty Smets, the Ford ergonomics engineer in charge of testing the exoskeletons, said on Thursday.. Collins, the Ford worker in Wayne, was supposed to wear the vest only until August, but has now asked to keep it. “If they want it back now, they’re going to have to fight me to get it off,” he said. Reporting by Nick Carey; Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
85d58f63046174e0795cedba2d5297d1
https://www.reuters.com/article/us-ford-electric/ford-makes-big-electric-push-in-europe-with-new-launches-idINKCN1VV1CZ?edition-redirect=in
Ford makes big electric push in Europe with new launches
Ford makes big electric push in Europe with new launches By Reuters Staff3 Min Read (Reuters) - Ford Motor Co said on Tuesday it would launch eight electric vehicles in Europe this year, a key step in its target of achieving a majority of its overall sales from electric cars by the end of 2022. FILE PHOTO: The Ford logo is seen at the Ford oldest Brazil plant in Sao Bernardo do Campo, Brazil September 3, 2019. REUTERS/Rahel Patrasso The U.S. automaker is pushing into electric vehicles at a time when car manufacturers around the world are racing to slash carbon dioxide emissions in order to comply with more stringent environmental standards in the European Union. Ford’s launches include electric variants of the Kuga and Puma SUVs and the Mondeo sedan. The automaker also plans to launch nine other electric vehicles by 2024 in Europe, including a new Mustang-inspired electric sports utility vehicle next year. The automaker unveiled the models at the Frankfurt Motor Show in Germany, and said it would partner with six leading energy suppliers across Europe to provide home-charging wall box installation services. The carmaker, like its rivals, has been facing stagnant demand and rising costs as it invests billions of dollars in electric, hybrid and autonomous vehicles in efforts to boost sales. The company’s European business has been losing money for years and the pressure to restructure its operations increased after rival General Motors raised profits by selling its European Opel and Vauxhall brands to France’s Peugeot SA. In a bid to slash development and manufacturing costs, Ford tied up with Volkswagen <AG VOWG_p.DE> in July to jointly develop electric and self-driving vehicles. VW agreed to plow $3.1 billion into Ford’s Argo AI self-driving unit, but estimated it could realize up to $20 billion in revenue by sharing its MEB electric vehicle architecture with Ford in Europe. Ford had said it expects to build more than 600,000 electric vehicles in Europe over six years, sourcing components and the vehicle underpinnings from VW, helping both to cut costs. The cooperation with VW on electric vehicles in Europe is part of Ford’s previously disclosed $11.5 billion EV investment worldwide. The challenge of investing in low-emission vehicles while having to overhaul combustion engines to meet new clean-air rules, has forced Europe’s carmakers to slash fixed costs and streamline their model portfolios. The company will also introduce a smartphone app that will let its users and operators locate, navigate to and pay for charging. Ford said it expects its electric vehicle line-up to surpass sales of gasoline and diesel models by 2022 in Europe, and expects to sell 1 million electric vehicles by then. (bit.ly/2m2uZA7) The company’s stock fell more than 5% to $9.04 on Tuesday after Moody’s downgraded its senior unsecured debt rating to junk territory, as the carmaker pursues a lengthy and costly restructuring plan, with a cash cost of around $7 billion. Reporting by Sanjana Shivdas in Bengaluru; Editing by Saumyadeb Chakrabarty and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-ford-motor-japan-indonesia-idUKKCN0V3112?edition-redirect=uk
Facing weak market share, Ford to exit Japan, Indonesia this year
Facing weak market share, Ford to exit Japan, Indonesia this year By Jake Spring, Naomi Tajitsu3 Min Read BEIJING/TOKYO (Reuters) - Ford Motor Co F.N said on Monday it will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" in the two countries where it has struggled to gain market share. The corporate logo of Ford is seen at a Ford branch in Caracas March 27, 2015. REUTERS/Carlos Garcia Rawlins Ford will exit all areas of business, including shuttering dealerships and stopping sales and imports of Ford and Lincoln vehicles, according to an email from Asia Pacific President Dave Schoch to all employees in the region viewed by Reuters. Product development carried out in Japan will be shifted elsewhere. “Unfortunately, this also means that our team members based in Japan and Indonesia will no longer work for Ford Japan or Ford Indonesia following the closures,” Schoch wrote in an email regarding the decision that was sent to employees on Monday. Ford, one of Detroit's "big three" automakers, follows in the footsteps of General Motors Co GM.N, which last year decided to stop making GM-branded cars in Indonesia - with the loss of 500 jobs - amid intense competition from Japanese rivals. Ford began operating in Japan in 1974 and has 52 dealerships in the country, employing 292 people. Last year, it sold around 5,000 vehicles in Japan and held a share of around 1.5 percent of the imported new car market. In Indonesia, where it entered the market in 2002, Ford has a staff of 35 and sells through 44 franchised dealerships. Last year, it sold around 6,000 vehicles, taking a 0.6 percent share of the total new car market in a country struggling from economic slowdown. “In Indonesia, without local manufacturing ... there’s just really no way that automakers can compete in that market, and we do not have local manufacturing,” said a Ford spokeswoman based in Shanghai, confirming the content of the email. The company has also had a tough time selling its Fiestas, Mustangs and Explorers in the Japanese market, which is dominated by Toyota Motor Corp 7203.T, Honda Motor Co 7267.T, Nissan Motor Co 7201.T and other domestic brands. On top of that, vehicle sales have been falling in Japan as the population ages and demand for cars by young people decreases. (This version of the story deletes final paragraph after Ford spokeswoman says it no longer holds shares in Mazda, correcting earlier comment that it would maintain its minority stake after exiting Japan.) Reporting by Jake Spring in BEIJING and Naomi Tajitsu in TOKYO; Editing by Clarence Fernandez and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-ford-motor-recall/ford-to-recall-1-34-million-trucks-in-north-america-for-door-latch-fix-idUSKBN1CN1ST
Ford to recall 1.34 million trucks in North America for door latch fix
Ford to recall 1.34 million trucks in North America for door latch fix By David Shepardson3 Min Read WASHINGTON (Reuters) - Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million. FILE PHOTO: An airplane flies above a Ford logo in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam The No.2 U.S. automaker said the safety recall is due to a frozen door latch or a bent or kinked actuation cable in the affected vehicles, that may result in a door not opening or closing. A Ford spokeswoman, Elizabeth Weigandt, said customers would be notified next month but did not have a timetable for when parts will be available. Dealers will install water shields over the door latches and inspect and repair door latch cables if needed. Ford has now recalled more than 5 million vehicles for varying door latch-related issues since 2016, but the company said the issue in the new recall is different from prior ones. The company in November 2016 sent a bulletin to dealers that warned some 2015-2017 Ford F-150 trucks could have inoperative latches during freezing temperatures. The bulletin told dealers to install a rain shield to address the problem. The company initially alerted dealers in 2015 about the issue. Weigandt said Ford’s decision to issue a recall is driven by data. “When the data indicates a safety recall is needed, we move quickly,” she said. Ford said the cost of the new recall would be reflected in its fourth-quarter results. Ford said it continues to expect full-year adjusted earnings in the range of $1.65 to $1.85 per share. The company said it was not aware of any accidents or injuries associated with the issue but said because of the fault, the door may appear closed, increasing the risk of the door opening while driving. Ford has previously disclosed plans to spend $935 million on other recalls announced since August 2016. In March, Ford said it would spend $295 million to recall 211,000 vehicles in North America to replace potentially faulty side door latches and 230,000 vehicles for under-hood fire risks. Ford previously recalled nearly 4 million vehicles for door latch issues in six separate recalls since 2014, including 2.4 million vehicles recalled in August 2016. In September 2016, Ford said it was taking a $640 million charge for its expanded side-door latch recalls. Ford shares fell 0.7 percent to $12.19 in late trading Wednesday. Reporting by David Shepardson in Washington and Ankit Ajmera in Bengaluru; Editing by Arun Koyyur and James DalgleishOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-ford-motor-results/ford-shares-dive-after-carmaker-posts-fourth-quarter-loss-disappointing-2020-outlook-idUSKBN1ZY2P6
Ford shares dive after carmaker posts fourth-quarter loss, disappointing 2020 outlook
Ford shares dive after carmaker posts fourth-quarter loss, disappointing 2020 outlook By Ben Klayman, Paul Lienert4 Min Read DEARBORN, Mich. (Reuters) - Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments in future technology such as self-driving cars. FILE PHOTO: Ford Motor Co. shows the all-new electric Mustang Mach-E vehicle for a photo shoot at a studio in Warren, Michigan, U.S. October 29, 2019. REUTERS/Rebecca Cook/File Photo Shares in the No. 2 U.S. automaker plunged 9.4% in after-hours trading, shaving more than $3 billion off the company’s value. In comparison, electric carmaker Tesla closed up nearly 14%, pushing its market cap to $160 billion, more than four times the size of Ford’s $36.4 billion. “The results were not OK in 2019,” Ford Chief Financial Officer Tim Stone told reporters at the company’s headquarters outside Detroit. “As I look to 2020 and beyond, I’m very optimistic,” he said, while cautioning that Ford’s lower guidance does not yet account for the potential impact of the coronavirus outbreak in China. In an after-hours call with financial analysts, Chief Executive Jim Hackett was more blunt about the challenge of balancing Ford’s protracted turnaround efforts with its continuing work on future technology, including electric and self-driving cars. “I don’t think this company can keep straddling the old and new worlds forever ... This company has to change,” Hackett said. Ford said it expects 2020 operating earnings to be in the range of 94 cents to $1.20 a share. Analysts were expecting $1.26 a share. Stone said Ford expects to continue its quarterly dividend of 15 cents, which could cost the company $2.4 billion in 2020. Asked about continuing the dividend after lowering its 2020 guidance, Hackett said, “We like to return value to shareholders.” The disappointing 2020 forecast, coming after Ford previously trimmed its 2019 outlook, is a blow for Hackett, who took the helm in May 2017. He has been asking investors to be patient with a restructuring that has seen the formation of a wide-ranging alliance on commercial, electric and autonomous vehicles with Volkswagen AG VOWG_p.DE and the sale of its money-losing operations in India to a venture controlled by India's Mahindra & Mahindra. But by Ford’s own accounting, the restructuring is far from complete. It has booked $3.7 billion of the projected $11 billion in charges it previously said it would take, and expects to book another $900 million to $1.4 billion this year. For the fourth quarter of 2019, Ford reported a net loss of $1.7 billion, or 42 cents a share, compared with a loss of $100 million, or 3 cents a share, a year earlier. The quarter included a loss of $2.2 billion due to higher contributions to its employee pension plans, something it disclosed last month. Revenue in the quarter fell 5% to $39.7 billion, above the $36.5 billion Wall Street had expected. Ford’s adjusted free cash flow fell 67% in the fourth quarter to $500 million, including the $600 million cost of bonuses related to a new labor deal with the United Auto Workers union. The UAW deal also played a role in driving North American automotive profit margins down to 2.8% in the fourth quarter. Ford said its operating losses in China last year totaled $771 million, including a loss of $207 million in the fourth quarter. It lost $1.5 billion in 2018. Ford’s market share in China in the fourth quarter fell to 2% from 2.3% last year. In December, Ford said it would halve its operating loss in 2019 and nearly halve it again in 2020, followed by further improvement in 2021. However, that forecast was before the appearance of the fast-spreading coronavirus and its crippling effects on China’s economy. Ford’s China sales fell about 15% in the fourth quarter and 26% for the year as it continued to lose ground in its second-biggest market. Ford has been struggling to revive sales in China since its business began slumping in late 2017. Detroit rivals General Motors Co and Fiat Chrysler Automobiles are scheduled to report their results on Wednesday and Thursday, respectively. Reporting by Ben Klayman and Paul Lienert; Editing by Tom BrownOur Standards: The Thomson Reuters Trust Principles.
13191ba79a6c9e8d951f0577ab0f5997
https://www.reuters.com/article/us-ford-motor-rideservice-idUKKCN1SD2AD?edition-redirect=uk
Ford plans to take medical transport venture nationwide
Ford plans to take medical transport venture nationwide By Joseph White3 Min Read DETROIT (Reuters) - Ford Motor Co plans to expand its GoRide medical transportation service to 40 cities nationwide over the next four years, moving into Ohio and Florida this year and other large states by 2020, the company said on Tuesday. FILE PHOTO: FILE PHOTO - The Ford logo is pictured at the Ford Motor Co plant in Genk,Belgium December 17, 2014. REUTERS/Francois Lenoir/File Photo The Dearborn, Michigan-based automaker has been testing various ways to grow beyond its traditional business of building and selling cars and trucks, aiming to compete with technology industry startups such as Uber Technologies Inc for a share of money spent on transportation as a service. GoRide uses Ford Transit and Transit Connect vans to give rides to people who need medical care but do not need an ambulance. GoRide last year agreed to provide medical transport for the Beaumont Hospital system of Southeast Michigan. The service has since expanded to Toledo, Ohio. GoRide now plans to expand to several more Ohio cities by the end of 2019, including Dayton, Cincinnati, Cleveland and Columbus. In Dayton, GoRide is expanding services in collaboration with the city’s transit system. The unit plans to launch in Miami and other Florida cities later this year. Next year, GoRide plans to move into North Carolina, Louisiana, Texas and California, GoRide chief executive Minyang Jiang said. “By the end of the year we expect to have over 130” vans in service, Jiang said. “By the end of next year over 200.” So far, GoRide is focusing on urban markets, but Jiang said the unit is looking at how to provide medical transport in rural areas that lack public transit. GoRide competes with medical ride services offered by ride hailing industry leaders Uber and Lyft Inc, as well as smaller regional services. So far, GoRide is getting capital from Ford as one of the automaker’s mobility ventures. Ford said its mobility services lost $288 million in the first quarter. The medical transport service plans to generate revenue from hospital systems and insurance companies that agree to use its service to get patients to appointments. Jiang did not give a target for when GoRide could turn a profit, but she said with scale the service should get into the black. “We’re not going to grow at all costs,” she said. Reporting by Joe White; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
7a82e6167cb978ca49bbca4f5f41fdc5
https://www.reuters.com/article/us-ford-motor-software/ford-using-first-over-the-air-software-updates-to-its-2016-cars-idUSKCN18F2BJ
Ford using first over-the-air software updates to its 2016 cars
Ford using first over-the-air software updates to its 2016 cars By Reuters Staff2 Min Read FILE PHOTO - The Ford logo is pictured at the Ford Motor Co plant in Genk,Belgium December 17, 2014. REUTERS/Francois Lenoir/File Photo SAN FRANCISCO (Reuters) - Ford Motor Co said on Friday it would delve into the growing arena of “over-the-air” software updates, adding Android Auto and Apple CarPlay to its Sync 3-equipped 2016 vehicles for the first time via a wireless software update. The latest upgrade to Sync 3, Ford’s interactive touch-screen system, will be accomplished through an over-the-air (OTA) update using Wi-Fi, not unlike how new software gets uploaded to smartphones by manufacturers. After Tesla Inc’s early lead in 2015 introducing OTAs, traditional automakers are slowly beginning to embrace the new technology, within limits. Concerns about security and resistance from dealers worried about losing service revenue have hampered its adoption. Thus far, established automakers have not used OTAs for safety systems, only for non-critical systems like infotainment. Customers can also get the update via the traditional means of visiting their dealer or using a USB drive, Ford said. Android Auto and Apple CarPlay are operating systems from Alphabet’s Google and Apple Inc that allow drivers to connect their smartphones to their vehicles’ dashboard. Ford’s first use of OTAs comes about two months after it said it would hire 400 engineers to work on connectivity, mostly from Blackberry Ltd’s shuttered phone handset business. Blackberry QNX powers Ford’s Sync 3 system. Besides being more convenient for customers, OTAs can bring automakers cost savings, as a substantial percentage of warranty repair issues and recalls can be corrected through OTAs. Reporting By Alexandria Sage; Editing by Steve OrlofskyOur Standards: The Thomson Reuters Trust Principles.
e442feb70d5076daf6ed05faf4a188f1
https://www.reuters.com/article/us-ford-motor-takata/ford-agrees-to-299-1-million-u-s-takata-air-bag-settlement-idUSKBN1K62JX
Ford agrees to $299.1 million U.S. Takata air bag settlement
Ford agrees to $299.1 million U.S. Takata air bag settlement By David Shepardson3 Min Read WASHINGTON (Reuters) - Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The Ford logo is pictured on the company's stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse The settlement covers several forms of economic damages linked to the inflators, including claims that vehicles were inaccurately represented to be safe, buyers had overpaid for cars with defective or substandard air bags and faced out of pocket costs to deal with recalls. Six automakers have previously agreed to similar settlements worth over $1.2 billion combined, including: Honda Motor Co; Toyota Motor Corp; Nissan Motor Co; Mazda Motor Corp; Subaru Corp and BMW AG. At least 23 deaths worldwide are linked to the rupturing of faulty Takata air bag inflators. The issue has sparked the largest auto industry safety recall in history, involving about 100 million inflators among 19 major automakers. More than 290 injuries worldwide are also linked to Takata inflators that can explode, unleashing metal shrapnel inside cars and trucks. To date, 21 deaths have been reported in Honda vehicles and two in Ford vehicles. Ford said in a statement it remains “focused on working with our customers to get their vehicles repaired.” The settlement also covers out-of-pocket costs, including lost wages and child care costs, Ford owners may face, or already incurred, to get vehicles repaired. Under the settlement, Ford will also provide free rental or loaner vehicles to owners of recalled vehicles who are awaiting repairs when parts are not available. In total, nearly 30 million U.S. vehicles remain unrepaired in the recall. Takata last year pleaded guilty to a felony charge of wire fraud to resolve a U.S. Justice Department investigation and agreed to a $1 billion settlement. The defect led Takata to file for bankruptcy protection in June 2017. In April, auto components maker Key Safety Systems completed a $1.6 billion deal to acquire Takata. The merged company is now known as Joyson Safety Systems and is a subsidiary of Ningbo Joyson Electronic Corp. Heidi King, the deputy administrator of the U.S. National Highway Traffic Safety Administration on Friday urged automakers to make their Takata air bag recall plans for replacing all defective parts. “It is imperative that manufacturers take every available step to reach each and every owner of a vehicle with deadly air bags, and take action to ensure that those dangerous air bags are replaced as soon as is safely possible,” King said. The Ford-Takata settlement must still be approved by a federal judge. Reporting by David Shepardson, editing by G CrosseOur Standards: The Thomson Reuters Trust Principles.
77624028c95bdb8f822aba2000d38f4d
https://www.reuters.com/article/us-ford-motor-tariffs/trump-metals-tariffs-will-cost-ford-1-billion-in-profits-ceo-says-idUSKCN1M61ZN?h_sid=b02d8e29b2-59d78b3ebec922777d910c0c&feedType=RSS&feedName=topNews
Trump metals tariffs will cost Ford $1 billion in profits, CEO says
Trump metals tariffs will cost Ford $1 billion in profits, CEO says By Nick Carey, David Shepardson4 Min Read (Reuters) - Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor Co F.N about $1 billion in profits, its chief executive officer said on Wednesday, while Honda Motor Co 7267.T said higher steel prices have brought "hundreds of millions of dollars" in new costs. FILE PHOTO: Workers assemble vehicles at a plant of Changan Ford, a joint venture between Changan Automobile and Ford Motor Company, in Harbin, Heilongjiang province, China Feb. 22, 2017. REUTERS/Stringer/File Photo “From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” CEO James Hackett said at a Bloomberg conference in New York, “The irony of which is we source most of that in the U.S. today anyway. If it goes on any longer, it will do more damage.” Hackett did not specify what period the $1 billion covered, but a spokesman said the automaker’s CEO was referring to internal forecasts at Ford for higher tariff-related costs in 2018 and 2019. Higher U.S. steel prices have resulted in “hundreds of millions of dollars” in additional annual costs, Rick Schostek, executive vice president of Honda North America, told the U.S. Senate Finance Committee, even as more than 90 percent of steel in its vehicles assembled in the United States is made domestically. Honda also faces retaliatory tariffs from Canada and China on lawn-mowers it builds in North Carolina and transmissions made in Georgia. Honda has not boosted U.S. vehicle prices as a result of the higher costs but the issue is “certainly part of our thinking as we go forward,” Schostek told reporters after the hearing. While the vast majority of steel and aluminum that Ford uses for U.S. production is made domestically, it has said the tariffs could result in higher domestic commodity prices. Ford shares dipped 0.7 percent to $9.32 in afternoon trading. The United States said in March it would impose a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum from most countries. The tariffs have allowed U.S. producers to raise their prices. U.S. President Donald Trump’s steel and aluminum tariffs will boost car prices by hiking commodity costs for manufacturers, automakers have warned. During the presidential campaign, Trump lambasted U.S. trade deficits as detrimental to American manufacturers and workers. Since taking office, Trump has pursued a policy of escalating tariffs that he says will reverse that trend, including waging an increasingly bitter trade war with China. The auto industry is bracing for a possible new round of tariffs. On May 23 Trump ordered a “Section 232” national security investigation into whether to impose a 25 percent tariff on vehicle and auto parts imported from the European Union and other trading partners. The section, included in the U.S. Trade Expansion Act, allows the president to adjust imports through tariffs if they threaten national security. At a briefing in Detroit on Wednesday, officials from analytics data firm IHS Markit said if the Trump administration imposed the Section 232 tariffs globally, it would have far-reaching consequences for the U.S. auto industry as well as the broader economy. IHS Markit estimates that full implementation of the 232 tariffs would add between $1,800 and $5,700 to a new vehicle’s price tag and cut new auto sales by around 2.2 million units in 2020 as well as slice total sales to as little as 14.5 million units from expectations of 17 million vehicles this year. The new tariffs would also cost around 300,000 in auto-related jobs in factories and dealerships across the country, and slash U.S. economic growth by 1.1 percentage points to 2.2 percent, IHS said. In July Ford lowered its full-year earnings forecast due to slumping sales and trade tariffs on China as well as its struggling business in Europe. The automaker’s difficulties in boosting sales in China have showed no signs of ending despite taking steps to bring new products to market. Reporting by Nick Carey in Detroit and David Shepardson in Washington; additional reporting by Sanjana Shivdas in Bengaluru; Editing by Jeffrey Benkoe and David GregorioOur Standards: The Thomson Reuters Trust Principles.
8faf4a83442b381daadc32a032607f1d
https://www.reuters.com/article/us-ford-nhtsaprobe/nhtsa-probes-400000-ford-f-150-pickups-for-reduced-engine-power-idUSBRE94R0I320130528?edition-redirect=in
NHTSA probes 400,000 Ford F-150 pickups for reduced engine power
NHTSA probes 400,000 Ford F-150 pickups for reduced engine power By Reuters Staff2 Min Read DETROIT (Reuters) - Safety regulators have opened an investigation into reports of sharp reductions in engine power in an estimated 400,000 of Ford Motor Co’s 2001 to 2013 model-year F-150 pickup trucks. The National Highway Traffic Safety Administration said it opened a preliminary evaluation to assess whether the large pickup trucks have a safety related defect after receiving 95 reports alleging incidents of reduced engine power during hard accelerations at highway speeds, such as merging or passing maneuvers, in trucks with 3.5-liter gas turbocharged direct injection engines. Many of the complaints allege safety concerns associated with passing vehicles, but NHTSA said no crashes have been reported to date. A preliminary investigation is the first step in a process that could lead to a recall if regulators determine a safety issue needs to be addressed. A Ford spokeswoman said the U.S. automaker is cooperating with NHTSA officials in the probe. The F-150 is the top-selling vehicle in the U.S. market. NHTSA said about one-third of the reports it received indicate the incidents occurred while driving in humid or rainy conditions. Ford has issued three technical service bulletins related to intermittent stumble/misfire on acceleration from highway cruise in humid or damp conditions in some model-year 2011 and 2012 F-150 trucks equipped with 3.5-liter gas turbocharged direct injection engines, according to NHTSA. Reporting by Ben Klayman; editing by Sofina Mirza-ReidOur Standards: The Thomson Reuters Trust Principles.
a689b09f21fe6fc807e32ba39c907371
https://www.reuters.com/article/us-ford-recall/u-s-agency-orders-ford-to-recall-3-million-vehicles-over-air-bags-idUSKBN29O2IO
U.S. agency orders Ford to recall 3 million vehicles over air bags
U.S. agency orders Ford to recall 3 million vehicles over air bags By David Shepardson3 Min Read WASHINGTON (Reuters) - Ford Motor Co must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said on Tuesday, rejecting a bid by the second-largest U.S. automaker to avoid a recall. FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay/File Photo The National Highway Traffic Safety Administration (NHTSA) said it was denying petitions filed by Ford and Mazda Motor Corp in 2017 seeking to avoid recalling vehicles with potentially dangerous inflators. The decision also will require Mazda to recall and repair driver air bags in approximately 5,800 vehicles. The recalls will cover various vehicles from the 2006 through 2012 model years. The defect, which leads in rare instances to air bag inflators rupturing and sending potentially deadly metal fragments flying - especially after long-term exposure to high humidity - prompted the largest automotive recall in U.S. history of more than 67 million inflators. Worldwide, about 100 million inflators installed by 19 major automakers have been recalled. The NHTSA said the “evidence makes clear that these inflators pose a significant safety risk.” Earlier this month, the auto safety agency said at least 17 million vehicles with Takata air bags remain unrepaired. Takata inflators have resulted in the deaths of at least 27 people worldwide and 18 in the United States, and over 400 reported injuries, Ford said on Tuesday that the vehicles the NHTSA was ordering be recalled were subject to an earlier Takata recall for the passenger-side airbag, but did not comment further. Related CoverageMexico 'flirting' with Ford after U.S. carmaker bails on Brazil Mazda did not immediately comment. The recall will apply to various Ford Ranger, Fusion, Edge, Lincoln Zephyr/MKZ, Mercury Milan and Lincoln MKX vehicles, along with Mazda 2007–2009 model year B-Series vehicles. The Mazda vehicles were designed by Ford, built on the same platform, and used the same air bag inflators as the Ranger trucks. The regulator said Ford must within 30 days “submit to NHTSA a proposed schedule for the notification of vehicle owners and the launch of a remedy.” Two people died in Takata air bag ruptures in previously recalled 2006 Ford Ranger vehicles with the most recent death in 2017. In November, the NHTSA said it was rejecting a petition filed by General Motors Co to avoid the recall of 5.9 million U.S. vehicles with Takata air bags. In November the agency said GM must recall the 2007-2014 model-year trucks and SUVs. GM estimated in securities filings that it would cost $1.2 billion if it were required to replace air bag inflators it had sought to avoid fixing and said it would recall 7 million vehicles worldwide. Reporting by David Shepardson; Editing by Richard Pullin and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
894a32d50f4a8cb38d8fb34f36bcd6a5
https://www.reuters.com/article/us-ford-results-idUSKCN0V61GI
Ford Motor earnings beat forecast, stock off after margin warning
Ford Motor earnings beat forecast, stock off after margin warning By Bernie Woodall, Joseph White3 Min Read DEARBORN, Mich. (Reuters) - Ford Motor Co's F.N fourth-quarter earnings beat Wall Street expectations and the company reiterated a forecast that 2016 pre-tax profit would be equal to or higher than last year. The corporate logo of Ford is seen at a Ford branch in Caracas March 27, 2015. REUTERS/Carlos Garcia Rawlins But the company cautioned again that profit margins in its North American business in 2016 may not equal the 10.2 percent level achieved in 2015 and the stock was down 1.2 percent around $11.70 late Thursday. Excluding one-time items, Ford earned 58 cents a share in the fourth quarter, versus Wall Street expectations of 51 cents, according to Thomson Reuters I/B/E/S. The automaker earned most of its money in the quarter and for the full year in North America, where falling gasoline prices have spurred demand for profitable large pickups, including the Ford F-150 and Super Duty models. Ford improved profits in Asia and in Europe, where the automaker Ford turned a full-year profit for the first time since 2011. However, a $295 million quarterly loss in Latin America more than offset the $131 million fourth quarter profit from European operations. Ford Chief Financial Officer Bob Shanks said Thursday Brazil’s economy will continue to contract. Despite record profits for 2015, Ford shares have slumped more than 15 percent since Jan. 1 through the close of trade on Wednesday as analysts and investors have begun factoring in fears that the U.S. and Chinese auto markets are headed for slower growth, or possibly contraction, over the next several years following a long boom. Ford disappointed investors earlier this month with a 2016 profit outlook that called for pre-tax profits excluding special items to be “equal to or greater than” the $10.8 billion reported for 2015. Analysts had expected pre-tax profit of $11 billion for 2016, on average. Related CoverageFord executives say they are open to partners on small cars Ford said earlier this month it will pay a special dividend of $1 billion. Ford said North American automotive profit margins for the fourth quarter were 10.2 percent, compared with 9 percent a year ago. For 2016, Ford has projected North American profit margins of 9.5 percent or better. “We are at more of a plateau, but at very high absolute levels,” Shanks told reporters Thursday morning. Rival General Motors Co GM.N, which reports fourth quarter results Feb. 3, has forecast 10 percent margins for its North American operations in 2015. GM earlier this month boosted its forecast for 2016 profits to $5.25 to $5.75 a share, excluding one-time items. Reporting by Joe White and Bernie Woodall in Detroit; Editing by Lisa Von Ahn and W SimonOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-ford-self-driving-austin/ford-self-driving-cars-to-launch-in-austin-in-2021-idUSKBN1WA1RP
Ford self-driving cars to launch in Austin in 2021
Ford self-driving cars to launch in Austin in 2021 By Paul Lienert2 Min Read Slideshow ( 2 images ) (Reuters) - Ford Motor Co F.N said on Wednesday it will add Austin, Texas, to the short list of cities where it plans to launch a commercial transportation service using automated vehicles in 2021. The U.S. automaker previously said it would begin transporting people and goods in automated vehicles in Miami and Washington. Ford's self-driving system, now being tested in Fusion Hybrid sedans, is being jointly developed with Argo AI, a Pittsburgh-based startup in which Ford and Volkswagen AG VOWG_p.DE together hold a majority stake. Sherif Marakby, chief executive of Ford Autonomous Vehicles, said Ford plans to launch the commercial transportation service in 2021 in a purpose-built hybrid vehicle that can be equipped to carry either people or goods. Peter Rander, president of Argo AI, said development teams soon will be manually driving the Fusion test vehicles in Austin, mapping the city streets and assessing driver and pedestrian behaviors ahead of the commercial launch. Alphabet Inc's GOOGL.O Waymo last year introduced an automated ride service with human attendants in Phoenix, using specially outfitted Chrysler Pacifica Hybrid minivans it buys from Fiat Chrysler Automobiles FCHA.MI. General Motors Co's GM.N Cruise Automation said in July it planned to delay commercial deployment of automated vehicles in San Francisco beyond its initial target of 2019 because more testing was required. Reporting by Paul Lienert; Editing by Tom BrownOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-ford-trump-idUSKBN15E1ZB?il=0
Ford Motor criticizes Trump immigration order
Ford Motor criticizes Trump immigration order By David Shepardson4 Min Read WASHINGTON (Reuters) - Ford Motor Co F.N on Monday criticized President Donald Trump's controversial immigration order, becoming one of the highest profile U.S. manufacturers to question the decision to temporarily ban travelers coming from seven predominantly Muslim countries. A billboard welcoming Ford Motor Co is seen at an industrial park in San Luis Potosi, Mexico, January 4, 2017. REUTERS/Christine Murray The leader of Goldman Sachs also criticized the order and FedEx and UPS said they were reviewing its impact. The chief of Tesla has said he would ask members of a business advisory council to come up with potential changes to recommend to the White House. Ford Executive Chairman Bill Ford Jr. and Chief Executive Officer Mark Fields said in a statement to employees that the company does not support what it called a new U.S. travel ban. “We do not support this policy or any other that goes against our values as a company,” they said, adding that Ford is not aware of any employees directly affected by the policy. Ford's statement came the same day that Goldman Sachs Group Inc GS.N Chief Executive Officer Lloyd Blankfein became the first major Wall Street chief to say he did not support the immigration policy. Fields met twice with Trump last week to talk about economic issues. Ford was harshly criticized by Trump during the campaign for moving some production to Mexico, but he has praised the automaker in recent weeks for announcing new U.S. investments. Ford is based in Dearborn, Michigan, home to one of the largest Arab-American populations in the United States. General Motors Co GM.N, Fiat Chrysler Group NV FCHA.MI, Toyota Motor Corp 7203.T and Honda Motor Co 7267.T have declined to comment on the immigration order. GM Executive Vice President Mark Reuss, asked about the Trump order at an event, said only that “GM is a global company.” Tesla Motors Inc TSLA.O CEO Elon Musk used his Twitter account on Sunday to ask followers to read the immigration order and propose "specific amendments." He said he would seek a consensus among members of a business advisory council that is expected to meet with President Trump this week. In a response to a comment on his Twitter feed, Musk wrote, “There is no possibility of retraction, but there is possibility of modification ...” It was not clear on Monday what role Musk would play in organizing a response by the 19 members of the business advisory council. He did not reply to emails seeking comment. CEOs of several technology companies have criticized the White House order suspending the U.S. refugee program and barring travelers from seven Muslim-majority countries. Until Monday, executives of many U.S. companies outside Silicon Valley had remained silent or issued cautious statements highlighting their commitments to a diverse workforce. Logistics companies FedEx Corp FDX.N and United Parcel Service Inc UPS.N issued statements Monday saying they were reviewing the policy's impact. FedEx said it is "actively working to seek clarification as quickly as possible.” UPS said it is reviewing the implications of the order for its employees around the world, and said it “supports policies that enable the legal movement of people across borders, while also understanding the need to protect national security.” Editing by Jeffrey BenkoeOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-forest-ceo/forest-labs-names-ex-bausch-lomb-head-saunders-as-ceo-idUSBRE9890LK20130910
Forest Labs names ex-Bausch & Lomb head Saunders as CEO
Forest Labs names ex-Bausch & Lomb head Saunders as CEO By Reuters Staff2 Min Read (Reuters) - Forest Laboratories Inc on Tuesday said it named Brent Saunders, the former head of Bausch & Lomb Inc, as chief executive officer to replace its departing long-time leader, Howard Solomon. The move comes after Forest wrangled with billionaire investor Carl Icahn for years and ultimately struck a deal with him that averted a proxy fight this summer. Forest said Saunders would take on the role effective October 1, a bit earlier transition than initially announced in May when the company divulged that Solomon would be leaving at year’s end after his 35-year run at the helm. Saunders has been a director at Forest since August 2011. Forest said then it was looking at internal and external candidates for CEO and Reuters reported that Saunders was seen as a candidate. In June, Forest agreed to appoint an independent director to its board chosen by Icahn, and Icahn abandoned the proxy fight he had planned. Saunders had been Bausch & Lomb’s CEO from 2010 until last month and previously worked at Schering-Plough Corp, which was purchased by Merck & Co in 2009. Canada’s Valeant Pharmaceuticals agreed to buy Bausch & Lomb for about $8.7 billion earlier this year. Reporting by Caroline Humer; Editing by Lisa Von Ahn and Maureen BavdekOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-forest-city-development/mahathir-takes-aim-at-country-gardens-giant-development-in-southern-malaysia-idUSKCN1LC0KX?il=0
Mahathir takes aim at Country Garden's giant development in southern Malaysia
Mahathir takes aim at Country Garden's giant development in southern Malaysia By Fathin Ungku, Joseph Sipalan8 Min Read FOREST CITY/KUALA LUMPUR, Malaysia (Reuters) - Malaysian Prime Minister Mahathir Mohamad on Monday declared that foreigners will not be granted visas to live in the giant Forest City real estate project on the country’s southern tip, a major threat to the marketing strategy for the development. Residential buildings are seen at Forest City in Johor, Malaysia, August 20, 2018. REUTERS/Fathin Ungku It is not his first broadside against the plan by Chinese developer Country Garden Holdings Co 2007.HK to create a new city that was envisaged to eventually house 700,000 people on reclaimed land near Singapore, but it could be his most damaging. The company has been targeting foreigners more than Malaysians for sales of the apartments. A top official at the project told Reuters last week that in the weeks immediately after 93-year-old Mahathir came back into power, through a shock election victory in May, demand for the apartments had weakened, and that the uncertainty remained a concern. Mahathir’s latest comments are likely to exacerbate those concerns. “One thing is certain, that city that is going to be built cannot be sold to foreigners,” Mahathir said at a news conference on Monday in Kuala Lumpur in response to a question from Reuters. “We are not going to give visas for people to come and live here.” Mahathir, who was Malaysia’s leader from 1981-2003, said the government’s objection was “because it was built for foreigners, not built for Malaysians. Most Malaysians are unable to buy those flats.” Country Garden Pacificview Sdn Bhd, the joint venture between Country Garden and the Johor state government that is developing Forest City, said in a statement it is in touch with Mahathir’s office as it seeks clarification. It said it believed Mahathir’s comments “may have been taken out of context in certain media reports” as they do not correspond with the content of a meeting between the prime minister and Country Garden Holdings Chairman Yeung Kwok Keung. In that meeting on August 16, Mahathir “reiterated that he welcomes foreign investments which could create employment opportunities, promote technology transfer and innovations that could benefit Malaysia’s economic growth and job creation,” Country Garden Pacificview said. It also said that it has complied with all Malaysian laws and regulations concerning approvals to sell to foreign purchasers. Shares in Hong Kong-listed Country Garden, which rose as much as 3.9 percent on Monday morning, trimmed their gains to 2.5 percent after Mahathir’s comments. Country Garden Chinese buyers now make up about two-thirds of the owners of the Forest City apartments that have been sold so far, with 20 percent from Malaysia and the rest from 22 other countries including Indonesia, Vietnam and South Korea. Mahathir had capitalized on popular disquiet about Chinese investment pouring into Malaysia during his election campaign. He even suggested in a speech last December that he hoped Forest City would become an actual forest with baboons and monkeys as residents, according to local media reports. Since becoming prime minister he has put the brakes on a number of China-backed projects, including the $20 billion East Coast Rail Link project and a natural gas pipeline project in Sabah. Plans for a high speed rail link from Kuala Lumpur to Singapore, which was expected to be a big boost to the Forest City project, have also been suspended. Slideshow ( 2 images ) “GHOST TOWN” QUESTIONS Forest City’s sales have picked back up in recent weeks, and the developer has been seeking to change the project’s image. Country Garden is trying to make it appear more Malaysian and less Chinese, according to the official, Ng Zhu Hann, who is head of strategy for Country Garden Forest City. Country Garden is also willing to acknowledge for the first time that if demand does falter it will have to slow down the building of the development. It is eventually intended to be a $100 billion city, with apartment blocks, houses, office towers, hotels and shopping centers on four man-made islands. “If the demand is there, we will build. If it’s not there, we will slow down,” Ng said in an interview at the gleaming Phoenix Hotel, one of the finished new structures on the first of the reclaimed islands. “So there’s no worry of a ghost town, oversupply - If the demand is not there, we won’t be building.” Mahathir’s victory is the second big threat that the development - which is a partnership between Country Garden and the Sultan of Johor - has faced in the past couple of years. Beijing’s moves to stem capital outflows imposed after the yuan plummeted in late 2016 hurt mainland Chinese demand for the apartments. “CHINESE STIGMA” Ng said what he called the “Chinese Stigma” is the biggest hurdle facing the project. “What the Malaysian government does not want is a Chinese enterprise coming to Malaysia, taking government contracts, affecting the project opportunities of local developers, making the money and going back,” Ng said. This has prompted a change in hiring strategy as Forest City seeks to recruit more Malaysians like Ng into senior management positions. “My predecessor was a Chinese. In the past, our management had only one Malaysian, which was head of legal. This (my) position is usually held by a Chinese, but now I’m here,” said Ng, who is ethnic Chinese but from Malaysia. Ng said that the political uncertainty had hurt investor sentiment. “It’s not that people don’t want to invest, but people are now: ‘Let’s wait and see. What if they change their policy again?’ Political stability is one, policy stability is another.” After Mahathir’s comments, Ng defended the local nature of the project. “There are many Malaysians in this project,” Ng told Reuters. “1,100 out of 1,545 of the total workforce are Malaysians.” SKYSCRAPERS ABOVE MANGROVES At the end of a thirty-minute drive from the crossing from Singapore through palm oil plantations and jungle, the once sleepy town of Gelang Patah known for its mangroves and fishing villages now has a skyline of skyscrapers. This futuristic development is only half of the first of four man-made islands envisioned for the development - only 2.7 square kilometers of the planned reclamation of 20 square kilometers. Work to build more high rise residential towers, town houses and commercial buildings is continuing full steam, with dozens of heavy duty trucks carrying sand and materials while cranes dot a skyline that is growing taller and denser as high-rise apartments rapidly approach completion. Forest City is barely inhabited, with only a handful of staff living at its service apartments and guests at its hotel. But earlier this month, an international school opened its doors to the first 60 students - mostly from China and also from South Korea - to its 22-acre campus planted with “vertical gardens,” an Olympic-size pool and three yoga studios. They will be knocking about the Shattuck St Mary’s school campus designed to accommodate 1,000 students as construction roars on in the backdrop. Liang Ri Sheng, 44, who runs an electrical services company in Guangzhou, said he hopes Forest City will be the gateway for his son to an international life, riding on the strength of China’s Belt and Road regional infrastructure push. “It will give both eastern and western exposure for my son. I think it’s good for my son’s growth and development,” Liang told Reuters. He was speaking before Mahathir’s latest remarks. His family will be one of the first 482 to get the keys to their new homes by September. Another buyer, Jackie Chan (not related to the actor of the same name), who bought an apartment in Forest City last year for around $140,000, said he hadn’t expected such a twist. “When I bought it I was betting on long-term appreciation and didn’t expect there would be such a policy risk. But I’m not aiming for their immigration visa so there’s no impact for me. The investment amount is small so I’m just going to keep it as a vacation home,” said Chan, who lives in Hong Kong. Reporting by Fathin Ungku and Joseph Sipalan; Additional reporting by Aradhana Aravindan and Clare Jim; Editing by Jack Kim and Martin HowellOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-forest-city-m-a-brookfield-asset/brookfield-to-buy-forest-city-realty-trust-in-114-billion-deal-idUSKBN1KL20W
Brookfield to buy Forest City Realty Trust in $11.4 billion deal
Brookfield to buy Forest City Realty Trust in $11.4 billion deal By Reuters Staff2 Min Read FILE PHOTO: Bruce Flatt, CEO, Brookfield Asset Management Inc, speaks at the Milken Institute's 21st Global Conference in Beverly Hills, California, U.S. May 1, 2018. REUTERS/Lucy Nicholson (Reuters) - Brookfield Asset Management Inc BAMa.TO said on Tuesday it would buy Forest City Realty Trust Inc FCEa.N in a deal valued at $11.4 billion, including debt, months after Forest City ceded board control to activist shareholders. Forest City had been looking to sell itself and had reached out to more than 50 potential buyers, but failed to strike a deal. In March, it abandoned the sale process before settling with three shareholders to have nine directors resign and largely be replaced by independent nominees. Brookfield said it would pay $25.35 in cash for each Forest City share. The offer represents a premium of about 10 percent to Forest City’s Monday close of $23.02. Shares of Cleveland, Ohio-based Forest City were trading at $25.03. The deal is for $6.77 billion, according to Reuters calculations, excluding debt. Forest City’s portfolio includes office space, life science assets, retail space and multifamily units, as well as large-scale projects in New York, San Francisco and Washington, D.C. Bloomberg reported in June that Forest City had restarted talks with Brookfield for a buyout. Reporting by John Benny in Bengaluru; Editing by Shailesh Kuber and Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-forever21-bankruptcy/forever-21-snapped-up-by-mall-owners-authentic-brands-idUSKBN20D2MH?il=0
Forever 21 snapped up by mall owners, Authentic Brands
Forever 21 snapped up by mall owners, Authentic Brands By Reuters Staff2 Min Read FILE PHOTO: Shoppers enter a Forever 21 fashion retail store at the King of Prussia mall in King of Prussia, Pennsylvania, U.S. September 30, 2019. REUTERS/Mark Makela (Reuters) - Forever 21 has a new lease on life after Simon Property Group Inc SPG.N, Brookfield Property Partners LP BPY.O and Authentic Brands Group agreed to acquire the bankrupt teen fashion retailer. Brand management company Authentic Brands said on Wednesday it and mall owner Simon Property would own 37.5% each of the retailer, while Brookfield Property would buy 25% of the intellectual property and operating businesses. Financial terms of the deal were not disclosed. Forever 21, which has 593 stores in 57 countries, will continue to operate in U.S. and international markets, Authentic Brands said. Forever 21 filed for Chapter 11 bankruptcy protection in September, making it another victim of the rising popularity of online shopping and changing fashion trends dictated by millennial shoppers. The retailer’s current, owned store operations in Central America, South America, Mexico, the Philippines, and the Caribbean would be converted to a licensed partnership model. The new owners are also working with existing and new partners to expand Forever 21 across key territories, including South America, China, the Middle East and India, Authentic Brands said. (This story corrects paragraph 4 to say Forever 21 has “593” stores and not “815”) Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil D’SilvaOur Standards: The Thomson Reuters Trust Principles.
1d5b5fddf6f2551abe8ea3ab1acc9f61
https://www.reuters.com/article/us-forex-code-idUSKCN0YH27M
FX code proposes limits to sharing trade information
FX code proposes limits to sharing trade information By Chris Spink, IFR5 Min Read LONDON (IFR) - Traders in the foreign exchange market will be banned from talking about any specifics on trades but allowed to disclose general “market color” under proposals to improve conduct in the industry. People are silhouetted against a backdrop projected with the picture of various currencies of money in this illustration taken April 4, 2016. REUTERS/Kacper Pempel/Illustration A proposed code of practice published on Thursday from a working group set up last year by the Basel committee of central bankers aims to “promote a robust, fair, liquid, open, and appropriately transparent market”. It will allow participants to transact “at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behavior”. The wholesale FX market has been under scrutiny after regulators in the US and UK found that seven banks had failed to stop traders manipulating the US$5.3trn-a-day market. Banks have been fined US$10bn for misdemeanors between 2008 and October 2013. The code sets out principles to clarify how traders can operate, specifying what market information is permissible to be shared and what is banned. “The FX industry has suffered from a lack of trust in its functioning,” said Guy Debelle, assistant governor of the Reserve Bank of Australia and chairman of the FX working group. “The market needs to rebuild that trust, so that participants and the public have much greater confidence that the market is functioning appropriately.” David Puth, chief executive of CLS, who headed a market participants group to represent the private sector in the central bank initiative, said the proposals will open communication between sellside and buyside participants. “Confidential information will be protected but it will open up for market color to be shared,” he said. The code bans passing on confidential information about a client to other market participants, or revealing individual trading positions. The principles also say misleading information and rumors should not be used to move markets falsely. “Market participants should not include specific client names, other mechanisms for communicating a client’s identity or trading patterns externally, nor information specific to any individual client,” the code says. ‘GREY AREA’ The ‘grey area’ of what FX traders can and cannot say about client orders was highlighted in London court cases last year when former traders said they were dismissed for doing their job. Perry Stimpson, an FX trader at Citigroup until November 2014, told an employment tribunal in London last year that the sharing of client information looks wrong under scrutiny from regulators, but the practice was condoned by senior management. Citigroup dismissed Stimpson for alleged serious breaches of contract, saying he shared confidential client information with traders at other banks via electronic chatrooms. But Stimpson won his unfair dismissal case against the bank. He said whether client information could be shared was a “bit of a grey area”. Citigroup staff knew details of some client activities were strictly confidential, but the actions of central banks were widely shared, he said at the court hearing. “It was implicitly understood that central banks were okay to talk about ... It was standard market practise that went on for years,” he said at the time. ADHERENCE A second phase in May 2017 will see the FX working group, consisting of 21 central bankers and the representatives of market participants, set out how it expects people to adhere to the principles, which are not legally binding. “We are working with the industry to produce a principles-based code of conduct rather than a set of prescriptive regulatory standards,” said Debelle. Central banks said they would only deal with banks that agreed to the principles of the code. The FX working group was set up last July shortly after US authorities reached settlements with six banks – Barclays, Citigroup, JP Morgan, RBS, UBS and Bank of America. As part of the settlement, the Federal Reserve required all the banks “to improve their senior management oversight, internal controls, risk management, and internal audit policies and procedures for their FX activities and for similar kinds of trading activities”. The Global Financial Markets Association welcomed the proposals. “This is an opportunity for global market participants to demonstrate that they can put the right controls and guidance in place that are consistent with the principles of the code,” said James Kemp, managing director of the GFMA’s global FX division.
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https://www.reuters.com/article/us-forex-liquidity/currency-market-liquidity-on-the-rebound-data-providers-say-idUKKBN22U1GB?edition-redirect=uk
Currency market liquidity on the rebound, data providers say
Currency market liquidity on the rebound, data providers say By Olga Cotaga2 Min Read Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) - Investors are gradually returning to the currency markets following a rout in March when the spread of the new coronavirus sent most units tumbling against the dollar, a group of market data providers found. Liquidity in the foreign exchange markets is coming back toward pre-COVID-19 levels for some of the major currencies, with most recording on average about 70% to 80% of their previous daily volumes, Mosaic Smart Data, CLS and MUFG found in a collaborative project. Trading volumes in emerging market currencies “are not faring as well”, however, and remain at about 45% of pre-crisis levels, while outside of market hours trading generally remains very thin, the group found. Euro/dollar - the most traded currency pair in the $6.6 trillion a day market - has seen market liquidity return to nearly 80% of its pre-crisis level. Liquidity in dollar/Japanese yen was largely shielded from disruption throughout the crisis. Both units have remained appealing as safe-haven currencies during the pandemic, with money managers shifting assets from riskier markets to more stable ones. Liquidity in euro/Swiss franc - another widely traded pair during market stress - was at 85% of pre-crisis levels, making it the most used currency pair among the G10 right now. Within the sterling/dollar pair, analysts noticed “an immediate and sharp spike” in liquidity after the London fixing hours, marking a change in traders’ behaviour relative to pre-COVID-19 market conditions, they said. The yen, Australian and Hong Kong dollars, Swiss franc and South African rand have seen the biggest increases in liquidity. But traders are still avoiding the euro, sterling, Canadian dollar, New Zealand dollar and Mexican peso. But “liquidity falls off sharply outside of trading hours and it is still almost as poor as at the peak of the health crisis,” the group said. Reporting by Olga Cotaga; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
cdb886c825a6f6f1704ae15fb5605cbd
https://www.reuters.com/article/us-forex-poll-euro-idUSKCN0ZL1O8
Safe-haven flows to propel the dollar higher in the coming year: Reuters poll
Safe-haven flows to propel the dollar higher in the coming year: Reuters poll By Rahul Karunakar4 Min Read (Reuters) - The U.S. dollar will strengthen over the coming year, despite fading chances of the Federal Reserve raising interest rates, on worries Britain’s vote to leave the European Union might lead to a wider slowdown in trade and investment, a Reuters poll showed. U.S. one dollar banknotes and a Chinese 100-yuan banknote are seen in a picture illustration, in Beijing, China, January 21, 2016. REUTERS/Jason Lee Brexit has increased the chances for more policy easing from major central banks to prevent another global downturn, the same force that may thwart the Fed from raising rates this year. Britain’s shock vote on June 23 led to a deep global market sell-off, sending sterling to a 31-year low, with funds pouring into safe-haven gold, other currencies - the dollar, yen and the Swiss franc - and government bonds. Positioning numbers are telling a similar tale to the latest Reuters poll of 70 foreign exchange strategists, showing speculators have increased their bets in favor of the dollar at the expense of the euro and sterling. “The consequences of the Brexit referendum are keeping the currency market on tenterhooks. Post-Brexit vote uncertainty is also casting its shadow over the Fed outlook,” wrote Ulrich Leuchtmann, head of FX research at Commerzbank. “Financial markets have now priced out Fed interest hikes in the foreseeable future, which is currently offset in exchange rates by increased safe-haven USD demand.” The euro EUR= is forecast to trade around the $1.10 in a month from Tuesday's $1.11, weaken to $1.08 in three months and then a bit further to $1.07 in a year. Those expectations are the weakest since March and even the number of analysts expecting the single currency to weaken has increased compared with previous months, suggesting more easing to come from the European Central Bank. Even the Bank of Japan is expected to expand its monetary easing as the yen has surged almost 15 percent against the dollar this year. The yen’s traditional status as a safe haven when markets are in turmoil means if the broad global markets sell-off continues, it could easily strengthen. Still, FX analysts are clinging on to their weaker yen outlook, mostly on account of a stronger dollar view, despite a blistering rally in the yen this year. Trading at 101.9 on Tuesday, the yen is forecast in the poll to weaken to 103.0 in three months, 105.0 in six months and drop to 108.0 in a year. Those predictions are slightly stronger compared to those from a month ago and there are more analysts in the latest poll forecasting the yen to strengthen to below the 100 per dollar mark over the coming year. Meanwhile the outlook for UK interest rates and the pound has turned completely on Britons’ vote to leave the EU, with a rate cut now on the cards latest by September. Sterling is expected to slide further to $1.27 by year-end from the current $1.31 on Tuesday. Forecasts were also in wide range of $1.07-$1.57 in 12 months, underscoring the risks emanating from Brexit. Still, a majority, 49 of 54 analysts, do not expect Brexit to turn into another full-blown financial market crisis. “Is certainly a lot more likely,” said Kristian Foged Schmidt, currency analyst at Jyske Bank. “Brexit is a ‘step 1’. Further steps towards crisis are no way certain, but the further we go down the stairs, the more likely a larger crisis gets. For now this is not a main scenario, but only a risk scenario that has become much more likely.” Analysis by Shrutee Sarkar and Kailash Bathija; Polling by Sarmista Sen and Vartika Sahu Editing by Jeremy GauntOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-forex-poll-latam/mexico-pesos-momentum-from-obrador-victory-to-last-a-while-reuters-poll-idUSKBN1KU11K
Mexico peso's momentum from Obrador victory to last a while: Reuters poll
Mexico peso's momentum from Obrador victory to last a while: Reuters poll By Bruno Federowski4 Min Read BRASILIA (Reuters) - The Mexican peso is likely to hold on to much of last month’s rally, the latest Reuters poll showed, underscoring investors’ newfound trust in newly elected President Andrés Manuel López Obrador’s economic credentials. FILE PHOTO: Bundles of Mexican Peso banknotes are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo The peso MXN=D2 is set to weaken 1.4 percent to 18.72 to the dollar in 12 months, according to the median of 19 forecasts of currency strategists and economists polled by Reuters. That is still a stronger rate than the 19.00 per dollar consensus in last month’s poll, suggesting forecasters are convinced that the post-election rally was a structural change rather than a hiccup. The peso jumped nearly 7 percent in July from over 20 to the dollar to around 18, boosted by Obrador’s assurance he would stick to an agenda of fiscal restraint and business-friendly policies. The move showcased a sharp reversal in investors’ perceptions of Obrador, after concerns he could spearhead a nationalist swing drove the peso to underperform its peers for months. In fact, 11 of the 16 forecasters who participated in both this month and last month’s polls revised their estimates to account for a stronger peso. One kept its forecast and only four predicted a weaker currency. NORD/LB, which pursued the biggest revision among those polled, pinpointed Obrador’s defense of central bank independence, entrepreneurial freedom and the private sector as positive signs. Words of support from the powerful business lobby CCE also boded well for cooperation going forward, it said. “There are evidently market participants in the FX segments who are counting on López Obrador perhaps making for change in Mexico after all,” NORD/LB analysts wrote in a report. The brighter mood, though surely a change from recent months, did not come as much of a surprise for the most acute observers. As early as January, Grupo Banorte, which topped Reuters’ ranking of forecasters covering the Mexican peso in 2017, had predicted a bounceback in the peso following the vote. “Regardless of who wins the 2018 elections, we should observe a relief rally in the peso as investors will acknowledge that macroeconomic stability will prevail given the strength of institutions and the counterweight of Congress,” Banorte’s head strategist for fixed-income and FX Alejandro Padilla told Reuters then. NAFTA RISK The improved outlook for the Mexican peso represented the only major change between this month and last month for the six Latin American currencies covered by Reuters polls. The Brazilian real BRBY, for instance, is expected to strengthen 4.6 percent in 12 months to 3.60 to the dollar, the same rate predicted in July's survey. Still, not all observers are convinced the Mexican FX market will sail smoothly from now on, particularly as thorny negotiations between Mexico, United States and Canada on trade drag on. “The currency still screens as undervalued... but the path from here is likely to be more volatile and gradual,” Goldman Sachs strategists wrote in a report. Talks around updating the North American Free Trade Agreement have shown some signs of progress as of late, with Mexican officials expecting to soon overcome key stumbling blocks standing in the way of a new deal. Yet the negotiations have repeatedly defied optimists and extended for a lot longer than originally expected, suggesting any predictions should be taken with a grain of salt. (Other stories from the global foreign exchange poll:) Reporting by Bruno Federowski; Editing by Ross Finley and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-forex-poll-yuan/yuans-outlook-buoyed-by-growing-hopes-for-trade-deal-reuters-poll-idUSKCN1QN0KW
Yuan's outlook buoyed by growing hopes for trade deal: Reuters poll
Yuan's outlook buoyed by growing hopes for trade deal: Reuters poll By Vivek Mishra3 Min Read BENGALURU (Reuters) - China’s yuan will trade around current rates in the coming months as the authorities keep a tight leash on the partly-managed currency, according to a Reuters poll of currency analysts who upgraded their forecasts from last month. FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, in this March 30, 2016 file picture. REUTERS/Kim Kyung-Hoon/File Photo The yuan, also known as the renminbi, weakened about 6 percent in 2018, but has regained more than 2 percent this year as the United States and China appear to be inching toward a trade deal and the People’s Bank of China (PBOC) sets consistently higher daily reference rates. The latest Reuters poll of over 60 analysts, conducted mostly before the annual gathering of the National People’s Congress (NPC), showed the yuan would weaken slightly to 6.77 in six months and then trade at 6.70 in a year, around where it was on Tuesday. That was an upgrade from February’s poll. “The outlook for the Chinese renminbi has turned somewhat more constructive,” noted Erik Nelson, currency strategist at Wells Fargo. “While the U.S.-China trade tensions are not yet resolved, the tone of the discussions has become more positive. A less hawkish Fed should also be helpful for the renminbi.” Earlier this year, the U.S. Federal Reserve made a U-turn on its policy of steady interest rate increases and signaled rates for the time being will remain on hold. The latest outlook is a stark shift from a poll in January, where a majority of strategists predicted the yuan would weaken to 7 per dollar or above in a year on an ongoing economic slowdown and likely policy easing. Only nine respondents do now. Bets in favor of the yuan also rose to their highest in almost a year, according to a separate Reuters poll on currency positioning. [ASIA/FXP] A pledge by China’s state planners on Tuesday to increase the flexibility of the yuan’s exchange rate set off market speculation that a tweak to official wording could mean changes to the country’s tightly-managed currency regime. “We are surprised by the wording ... which is very vague,” noted Iris Pang, Greater China economist at ING. “We will have to see if the U.S. accepts this vague exchange rate mechanism as an answer to its request not to depreciate the yuan.” In response to mounting evidence that the U.S.-China trade war is hurting the world’s second-largest economy, the government lowered its 2019 growth forecast to 6.0-6.5 percent. But at the opening of the 10-day annual meeting of China’s parliament, Chinese Premier Li Keqiang announced significant cuts to value-added tax, which could support manufacturing activity. Polling by Khushboo Mittal; Editing by Jonathan Cable and Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-forex-turkey-goldman-sachs/goldman-says-strengthening-turkish-lira-may-be-limited-by-reserve-building-idUSKBN29T0CV
Goldman says strengthening Turkish lira may be limited by reserve building
Goldman says strengthening Turkish lira may be limited by reserve building By Reuters Staff1 Min Read FILE PHOTO: Turkish lira banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration (Reuters) - Goldman Sachs said its three-month Turkish lira forecast was 7.00 to 7.50 to the dollar and said further strengthening might be constrained by central bank efforts to rebuild reserves. The lira has strengthened since early December when the central bank said it would keep monetary policy tight in the new year and was prepared to hike interest rates more if necessary to lower inflation in a lasting way. Goldman said in the note on its three-month forecast that the “currency strength may ultimately be constrained by a necessary attempt at rebuilding (foreign exchange) reserves.” On the six-month to 12-month lira outlook, Goldman’s Tom Arnold wrote that the forecast was for 7.00 and 7.50, compared to 7.75 and 8.00 previously, reflecting “the likelihood that the extent of lira appreciation may be limited”. The governor said in December the central bank forecast 9.4% inflation by the end of 2021 and aimed for 5% in 2023. Reporting by Nandakumar D in Bengaluru; Editing by Edmund BlairOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-fortnite-netflix-breakingviews/breakingviews-fortnite-outplays-media-titans-in-a-battle-royale-idUKKCN1PC0AW?edition-redirect=uk
Breakingviews - Fortnite outplays media titans in a battle royale
Breakingviews - Fortnite outplays media titans in a battle royale By Robyn Mak3 Min Read HONG KONG (Reuters Breakingviews) - Fortnite is battling media titans into a corner. The smash-hit video game may have raked in as much as $2.4 billion in 2018 sales, industry tracker SuperData estimates, more than any Hollywood blockbuster last year. Netflix said this week that it is threatened too, in the fight for viewers’ attention. Success comes from the mass appeal: young and older gamers are hooked. Both traditional movie outfits and streaming giants are right to be alarmed. The survival-themed game, launched in 2017, styles itself as a “battle royale”. Simply, 100 gamers are dropped onto a virtual, shrinking island, where they collect weapons, build forts and spar with each other until one person is left. It’s hugely popular for several reasons. First, it’s free to play for anyone with a smartphone, computer, and most gaming consoles. Players can also compete individually or as teams, which makes it fun and social. As of the end of last year, registered users topped a whopping 200 million worldwide. It helps, of course, that celebrities from the U.S. rapper Drake to the L.A. Lakers’ Josh Hart play too. Developer Epic Games, backed by Chinese web titan Tencent and U.S. private equity firm KKR, makes money by charging for add-on gimmicks, like outfits for avatars, or dance moves known as emotes. And these are rapidly adding up: Fortnite was not only the highest grossing game last year, it also beat 2018’s box-office winner, Marvel’s “Avengers: Infinity War”, which grossed just above $2 billion worldwide, according to data from Box Office Mojo. Fortnite’s wild success has caught the big entertainment names off-guard. Netflix boss Reed Hastings wrote in a letter to shareholders on Thursday that his video-streaming giant now considers the game a bigger competitor than HBO. That sounds odd, but it turns out fans are just as hooked to watching Fortnite as they are to playing it. Viewers on the game-streaming site Twitch, for instance, watched an eye-popping 218 million hours worth of Fortnite by the gamer known as Ninja last year, SuperData reckons. Netflix, for one, is already experimenting with interactive offerings like “Black Mirror: Bandersnatch”. Finding other ways to keep viewers glued will be key to win in this melee. BreakingviewsReuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.
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https://www.reuters.com/article/us-foundation-approval/foundations-cancer-gene-test-gets-u-s-fda-and-medicare-nod-idUSKBN1DU32T?feedType=RSS&feedName=healthNews
Foundation's cancer gene test gets U.S. FDA and Medicare nod
Foundation's cancer gene test gets U.S. FDA and Medicare nod By Julie Steenhuysen3 Min Read CHICAGO (Reuters) - A test from Foundation Medicine Inc that can detect cancer-causing mutations in 324 genes has won approval from the U.S. Food and Drug Administration and the Center for Medicare and Medicaid Services, the agencies said. The test, known as FoundationOne CDx (F1CDx), is only the second diagnostic test to receive co-ordinated regulatory approval from the two agencies under the Parallel Review Program, the agencies said in a statement on Thursday. That program is designed to help beneficiaries of the federal Medicare program for the elderly get earlier access to innovative medical technologies. Tests like FoundationOne can help doctors tailor cancer treatments to the genetic mutations driving a patient’s tumor. The FoundationOne CDx test also probes tumor samples for biomarkers linked with response to immunotherapy drugs. That includes Merck & Co Inc’s Keytruda, which in May won FDA approval for use in patients whose tumors carry a specific genetic glitch, regardless of where in the body the tumor is located. The FoundationOne test is the first ever FDA-approved comprehensive companion diagnostic for multiple types of cancer. Previously, the FDA has approved such tests as companion diagnostics for drugs targeting a single genetic glitch. Cancer experts are in disagreement as to whether testing tumors for mutations driving the cancer and picking drugs that target these mutations ultimately benefits patients. FDA officials said the approval can help patients avoid the need for multiple biopsies for successive, single-gene tests. “With the run of one test, patients and healthcare professionals can now evaluate several appropriate disease management options,” Dr Jeffrey Shuren, director of the FDA’s Center for Devices and Radiological Health, said in a statement. The Medicare approval is subject to public comment. The decision covers the FoundationOne test and similar tests from other companies for use by Medicare patients with advanced cancers who continue to seek treatment, the CMS agency said. So far, insurance coverage of such tests has been spotty, largely because private insurers have viewed the tests as lacking adequate evidence of benefit. The approval could “set an important precedent for coverage determinations by private insurers,” said Rebecca Eisenberg of the University of Michigan Law School and Harold Varmus of Weill-Cornell Medicine, in an article published on Thursday in the journal Science. Reporting by Julie Steenhuysen, Editing by Rosalba O’BrienOur Standards: The Thomson Reuters Trust Principles.
86c872d4ef8926ed4f931fa9c76c3233
https://www.reuters.com/article/us-foundation-award-womensrights-iraq-idUSKCN0HV16Y20141006
Outspoken Yazidi politician wins award for women against war
Outspoken Yazidi politician wins award for women against war By Kieran Guilbert, Thomson Reuters Foundation4 Min Read LONDON (Thomson Reuters Foundation) - The pain of a broken leg from a helicopter crash pales in comparison with the suffering of her persecuted fellow-Yazidis, the 2014 winner of an award for women working in war-stricken countries said on Monday. Vian Dakhil, the only ethnic Yazidi in Iraq’s parliament, has been awarded the annual Reach All Women in WAR (RAW in WAR) Anna Politkovskaya Award for campaigning for the protection of the Yazidi people, for refugees and those trapped in towns and villages controlled by the militant Sunni group Islamic State. The politician, who survived a helicopter crash but broke a leg in August while delivering aid to Yazidis on Mount Sinjar in northern Iraq, said nothing would stop her campaign to save the Yazidi people “trapped in the grip of Islamic State.” “We are peaceful people, but our men are being butchered, and our women and girls are being tortured, raped and taken as slaves,” Dakhil told the Thomson Reuters Foundation in a telephone interview. “I must make the world aware that there are still people who want to rule with the laws of the Dark Ages, by forcing us to change religion or be killed.” Thousands of members of the Yazidi religious minority, and other Iraqis, have fled to Mount Sinjar in recent months to escape Islamic State fighters who have captured swathes of Iraq and Syria. Dakhil gained international attention in August when she urged the Iraqi government to save the Yazidi community from persecution by Islamist militants. THOUSANDS BESIEGED WITHOUT FOOD, WATER Appealing for help from parliament, Dakhil said then that 30,000 families were besieged on Mount Sinjar without food or water. Shortly afterwards a helicopter carrying Dakhil and taking aid supplies to the region crashed when a crowd of Yazidis tried to board it as it landed. Dakhil survived with a broken leg, but the pilot and dozens of others were killed. Dakhil has kept up her work, drawing global attention to the suffering of Iraqis at the hands of Islamic State and calling for sanctuaries to be provided for the persecuted minorities. “As soon as I regained consciousness following the operation on my broken leg, I was in constant contact with those carrying out the work to help the Yazidi people,” Dakhil said. “I have sent messages to powerful women around the world, including Michelle Obama, and contacted women’s rights groups to ask for their support to pressure the Iraqi government to address the situation.” RAW in WAR trustee Nathalie Losekolt said the award honored those who put their lives at risk to stand up for women and girls across the world and praised Dakhil’s “outstanding bravery”. “Vian is a remarkable woman, she doesn’t just speak out against atrocities, she delivers aid in person and does everything possible to help her people,” Losekolt told the Thomson Reuters Foundation. “This award strengthens the voices and supports the actions of women like Vian, and it is important that the world hears of her courage.” The award marks the eighth anniversary of the killing of Anna Politkovskaya, the Russian investigative reporter who uncovered state corruption and rights abuses, especially in Chechnya. She was shot dead in the lobby of her Moscow apartment block at the age of 48 on October 7, 2006. RAW in WAR is a non-governmental organization supporting women human rights defenders and female victims of war and conflict around the world.
fe2d97d0fc2e6740e5faf89f5a79be52
https://www.reuters.com/article/us-foundation-food-subsidies-idUSKCN0HV1NK20141007
Developing countries blast rich-world farm subsidies at Rome talks
Developing countries blast rich-world farm subsidies at Rome talks By Chris Arsenault, Thomson Reuters Foundation4 Min Read ROME (Thomson Reuters Foundation) - Wealthy countries are still subsidising their farmers at the expense of developing nations, undermining market access for some of the world’s poorest producers, two farm ministers told a Food and Agriculture Organization meeting on Monday. “Our cotton producers are constantly targeted by unfair subsidies from the North,” Burkina Faso Agriculture Minister Mahama Zoungrana told delegates at a meeting of the U.N. agency in Rome. “The rules and standards of international trade are not favorable to SMEs (small and medium sized enterprises) from Africa,” he said. Georgian Agriculture Minister Otar Danelia echoed that concern. “I believe a global approach is needed to deal with farm subsidies,” he told delegates at the FAO Ministerial Meeting on Governance and International Commodity Markets. “They (subsidies) create imbalances.” The United States, the world’s largest cotton producer, paid its cotton farmers $32.9 billion to grow their crops between 1995 and 2012, the Environmental Working Group, a research organisation, reported. “U.S. farmers are subsidised so they produce more cotton than they would otherwise, lowering the global price and hurting farmers in Burkina Faso,” Gawain Kripke, Oxfam America’s director of research, told the Thomson Reuters Foundation. “This creates unfair global competition.” European cotton producers, based mostly in Greece and Spain, receive smaller subsidies, but the EU accounts for only one percent of world production. For other crops, the European Union spends around $58 billion annually on farm subsidies. Farmers from poorer countries say they cannot compete, given these levels of government support for their rivals. Members of the Organisation for Economic Cooperation and Development spent a total of $258 billion subsidising agriculture in 2013, OECD data show. Asked whether rich-world subsidies unbalance agricultural markets, David Hallam, director of the FAO trade and markets division, told the Thomson Reuters Foundation “there is still scope to improve” global rules governing subsidies. The World Trade Organisation (WTO) has the task of arbitrating disputes on such issues, he said. Brazil has tried to use the WTO in its dispute with the United States over cotton subsidies. In 2004, Brazil won a challenge against U.S. cotton farmers when the WTO backed its complaint and allowed it to impose $830 million in sanctions on U.S. products. The decade-long dispute ended last week when the United States agreed to make a $300 million one-off payment to the Brazil Cotton Institute and Brazil agreed to take no further trade measures against the United States. Disputes between India and the United States over farm subsidies have been partly responsible for stalling global trade pacts. Concerns over developed-world farm subsidies took a back seat for policy makers in recent years, as high prices for agricultural goods led to food riots and worries that a growing number of people in poor countries couldn’t afford to eat. Today, plentiful harvests have pushed down prices, putting concerns over subsidies back on the table. “Disfunction in commodity markets is a threat to security, worldwide,” said Burkina Faso’s Zoungrana. (The story corrects paragraph 12, 2nd sentence to show a settlement has been reached.)
fdc2dd9416ff0404f0db61adc65b0d68
https://www.reuters.com/article/us-fox-c-results/fox-corp-beats-profit-estimates-on-higher-affiliate-fees-idUSKCN1UX2BW
Fox Corp beats quarterly profit estimates on higher affiliate fees
Fox Corp beats quarterly profit estimates on higher affiliate fees By Reuters Staff3 Min Read NEW YORK (Reuters) - Media company Fox Corp FOXA.O reported quarterly results that beat Wall Street estimates on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors. FILE PHOTO: Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 11, 2019. REUTERS/Brendan McDermid/File Photo The company said its adjusted profit for the quarter was 62 cents per share, beating analysts’ estimates by 3 cents, according to IBES data from Refinitiv. Revenue, which rose nearly 5% to $2.51 billion in the quarter, also beat Wall Street expectations of $2.47 billion. Rupert Murdoch's newly spun-off Fox Corp debuted on the Nasdaq in March following the $71 billion sale of Twenty-First Century Fox's film and television assets to Walt Disney Co DIS.N. It emerged a leaner, more nimble company seeking to build on its concentration of live news and sports, including World Wrestling Entertainment Inc WWE.N and Super Bowl LIV next February. Overall revenue growth in Fox’s fiscal fourth quarter was largely driven by a 7.4% increase in affiliate revenues, or the fees collected from cable and satellite operators and online distributors, to $1.41 billion. Those increases were offset by a 6% decline in advertising revenues with fewer FIFA World Cup soccer matches, the company said. Sales in the broadcaster’s cable network programming business rose 2.2% to $1.3 billion. On Tuesday, Fox Entertainment said it would buy animation studio Bento Box Entertainment, which produces hits including Bob’s Burgers. Financial terms were not disclosed. Fox also said on Sunday it was spending $265 million for a 67% stake in Credible Labs Inc, an online consumer financial marketplace, and that it would invest up to another $75 million of growth capital over about two years. In May, Fox spent more than $236 million for a nearly 5% percent equity stake in The Stars Group Inc TSGI.TO to build FOX Bet, a Fox-branded sports betting platform expected to launch this fall in U.S. states where sports wagering is legal. The betting product is on track to launch before football season, said Chief Executive Officer Lachlan Murdoch during a call with analysts and investors on Wednesday. Even last year before its spin-off had closed, Fox began pivoting into new companies. In September, it invested $100 million in new social broadcasting platform Caffeine TV and plans to launch a content studio jointly owned by Caffeine and FOX Sports. Net income for the quarter fell to $454 million, or 73 cents per share, in the three months ended June 30, from $471 million, or 76 cents per share, a year earlier. Reporting by Akanksha Rana in Bengaluru and Hilary Russ in New York; editing by Sriraj Kalluvila and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
9047c79ed30f0de79d5844649d149b04
https://www.reuters.com/article/us-fox-lawsuit/fox-news-settles-gender-discrimination-suit-with-female-reporter-lawyer-idUSKCN1GL0L3
Fox News settles gender discrimination suit with female reporter: lawyer
Fox News settles gender discrimination suit with female reporter: lawyer By Reuters Staff2 Min Read (Reuters) - Journalist Diana Falzone has settled a gender discrimination lawsuit she filed against Fox News and left the company, her lawyer said on Thursday. FILE PHOTO - A Fox News channel sign is seen on a television vehicle outside the News Corporation building in New York City, in New York, U.S. November 8, 2017. REUTERS/Shannon Stapleton “Confirmed,” her lawyer, Nancy Smith, tweeted to Reuters when asked if Falzone had reached a settlement and no longer worked at the television channel. Fox News officials did not immediately respond to a request for comment on Smith’s announcement, which was first reported by CNN. Fox denied Falzone’s allegations after she filed her lawsuit in May, 2017. In her complaint in New York state court, Falzone said she was abruptly taken off air by Fox News after writing an article in January 2017 about her struggle with endometriosis, a medical condition that would likely leave her infertile. She said Fox, a unit of Twenty-First Century Fox Inc, discriminated against her on the basis of sex and disability in violation of New York City law. Fox executives decided she did not conform to their image of on-air women as “physically perfect” once she disclosed her condition, Smith said in a statement at the time. In its June 23 response to Falzone’s complaint, Fox said it maintained an equal employment, harassment-free work environment where personnel decisions were made on the basis of merit, and retaliation was prohibited against anyone who reported a discrimination claim. Fox News has faced a number of legal claims that it ignored employees’ complaints of sexual harassment and gender and race discrimination. Bill O’Reilly, the network’s most popular anchor, and former Fox News chief Roger Ailes both have been ousted over harassment claims by several women, which they deny. Smith and Martin Hyman filed a sexual harassment lawsuit last year against Ailes on behalf of former Fox News anchor Gretchen Carlson. The lawsuit, which was settled for $20 million, led to Ailes’ resignation after two decades as one of the most influential executives in cable television. Reporting By Andrew Hay, additional reporting by Brendan Pierson; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-fox-m-a-disney-eu/disney-offers-eu-antitrust-concessions-over-71-3-billion-fox-deal-idUSKCN1MP0WS
Disney offers EU antitrust concessions over $71.3 billion Fox deal
Disney offers EU antitrust concessions over $71.3 billion Fox deal By Reuters Staff2 Min Read Slideshow ( 2 images ) BRUSSELS (Reuters) - Walt Disney DIS.N has offered concessions in an attempt to allay EU antitrust concerns over its $71.3 billion bid for Twenty-First Century Fox Inc's FOXA.O entertainment assets, the European Commission said on Monday. Disney submitted its proposal on Friday, according to a filing on the EU competition enforcer’s website which however did not provide details. The Commission extended its deadline for reviewing the deal to Nov. 6 from Oct. 19. It is now expected to seek feedback from customers and rivals before deciding whether to accept the concessions or demand more. Disney secured approval from the U.S. Justice Department for the deal in June on condition after agreeing to sell Fox’s 22 regional sports networks. The deal would expand Disney’s unrivalled portfolio of some of the world’s most popular characters, uniting Mickey Mouse, Luke Skywalker and Marvel superheroes with Fox’s X-Men, “Avatar” and “The Simpsons” franchises. Disney owns ABC, ESPN, Pixar, Marvel Studios and “Star Wars” producer Lucasfilm, plus an array of theme parks. The Fox assets being acquired include a cable group with FX Networks, National Geographic and 300-plus international channels, plus Fox’s stake in Hulu. (This story has been refilled to correct EU deadline to Nov. 6 from Nov. 11 in paragraph 3) Reporting by Foo Yun Chee, editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-fox-m-a-disney/walt-disney-raises-bid-for-fox-assets-to-71-3-billion-adds-cash-idUSKBN1JG1KY
Disney hikes bid for Fox assets to $71.3 billion, tops Comcast
Disney hikes bid for Fox assets to $71.3 billion, tops Comcast By Munsif Vengattil5 Min Read (Reuters) - Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer. The new cash-or-stock deal may be attractive to Fox’s largest shareholder, Rupert Murdoch, who owns 17 percent voting shares along with his family. The Murdochs face a large capital gains tax bill under Comcast’s all-cash offer. Disney’s previous offer was all stock. Fox’s board of directors said Disney’s latest offer was “superior” to the proposal made by Comcast and would create “one of the greatest, most innovative companies in the world.” Disney and Comcast want to bulk up their own entertainment businesses with Fox’s well-known TV shows and movie franchises, like the “X-Men” superheroes and “The Simpsons,” to better compete with fast-growing digital rivals Netflix Inc and Amazon.com Inc. Fox’s international media companies Star India and European pay TV company Sky TV Plc appeal to Disney and Comcast for overseas growth. “These bids are a validation of Fox assets, which can be a big help to someone looking to bring their content business to a global scale,” said Drew Weitz, director of equity research at Omaha, Nebraska-based Weitz Asset Management. The $800 million Weitz Value Fund owned 550,000 Comcast Class A shares and 450,000 Twenty-First Century Fox Class A shares at the end of March. Disney’s revised offer of $38 a share, which would be split 50-50 in cash and stock, is $10 a share higher than Disney’s first bid in December 2017. Comcast’s last bid was for $35 a share in cash. Disney will also take on about $13.8 billion of Fox’s net debt, implying a total transaction value of about $85.1 billion. Related CoverageBanks to fatten wallets as Disney, Comcast compete for Fox The latest move by Disney raises the hurdle for Comcast, which has to decide whether it is feasible to counter with a higher bid. A Comcast representative declined to comment, but analysts and investors widely expect a counterbid from the largest U.S. cable company and owner of NBC Universal. “Comcast has to come in with a higher bid,” said Mario Gabelli, chairman and chief executive officer of Gamco Investors which owns 10.1 million Fox shares. “They are out of the game right now!” FOX SHARES JUMP 8 PERCENT Disney Chief Executive Officer Bob Iger played down any antitrust concerns in a deal, and said he has been working with regulators around the world for the past six months. “We believe that we have a much better opportunity both in terms of approval and the timing of that approval than Comcast does in this case,” Iger said. Quoting Bloomberg News, CNBC reported that Disney was nearing U.S. Justice Department approval on the deal. Disney declined to comment immediately on the report. Comcast may face tougher regulatory scrutiny if the deal involves any transfer of television licenses, which would trigger an Federal Communications Commission review, said Ketan Jhaveri, a former Justice Department attorney who served on its telecommunications task force for internet policy. The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York, U.S., June 15, 2018. REUTERS/Eduardo Munoz AT&T structured its $85 billion deal to buy Time Warner to avoid such a review. Fox shares jumped 8 percent to $48.23, while Comcast rose 2.1 percent to $33.52. Disney added 1.2 percent to $107.43. Sky Plc shares gained 3.1 pct as investors hoped Fox would increase its offer since the company could afford to pay more due to the bidding war. The European pay-TV group, 39 pct owned by Fox, is also being pursued by Comcast. Major sports and news assets including Fox News, Fox Business Network and Fox Sports are not part of the businesses being sold and would be spun off into a separate company. Following the deal, Fox shareholders would own about 19 percent of the combined company, Disney Chief Financial Officer Christine McCarthy said on a conference call. Disney no longer expects to complete the $20 billion share repurchase announced in December, McCarthy said. Fox said it will postpone a special shareholders meeting in order to provide stockholders with an opportunity to evaluate Disney’s amended offer. Reporting by Sheila Dang in New York and Munsif Vengattil in Bengaluru; Additional reporting by Laharee Chatterjee in Bangalore, Jen Ablan in New York and Tim McLaughlin in Boston; Writing by Sweta Singh; Editing by Saumyadeb Chakrabarty and Jeffrey BenkoeOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-fox-seth-rich/parents-of-murdered-democratic-staffer-seth-rich-can-sue-fox-news-court-idUSKCN1VY1YD
Parents of murdered Democratic staffer Seth Rich can sue Fox News: U.S. court
Parents of murdered Democratic staffer Seth Rich can sue Fox News: U.S. court By Jonathan Stempel3 Min Read NEW YORK (Reuters) - A federal appeals court on Friday revived a lawsuit against Fox News Network over its reporting on Seth Rich, a former Democratic National Committee employee whose unsolved murder sparked uncorroborated right-wing conspiracy theories. The 2nd U.S. Circuit Court of Appeals in Manhattan said Rich’s parents, Joel and Mary Rich, could sue Fox News for causing emotional distress by publishing a May 16, 2017, article claiming their son had leaked DNC emails to WikiLeaks, implying that the leaks were related to his death. Fox News, a unit of Fox Corp, retracted the article a week later, saying it fell short of its standards, but some leading conservatives and on-air guests discussed it for months. The leaked emails suggested that DNC officials favored Hillary Clinton over Bernie Sanders in the 2016 Democratic presidential nominating campaign. Circuit Judge Guido Calabresi wrote that the Riches “sufficiently pleaded extreme and outrageous conduct” by the defendants, including reporter Malia Zimmerman, who wrote the retracted article, and Fox News guest Ed Butowsky. The 3-0 decision overturned an August 2018 dismissal by U.S. District Judge George Daniels in Manhattan, and returned the case to him. Seth Rich, 27, was shot and killed in July 2016 near his Washington home, in what police there consider a botched robbery. Fox News said in a statement on Friday that it offered the Rich family its “deepest condolences for their loss,” but believed legal proceedings would show it did not engage in conduct that supported the Riches’ claims. Asked about the decision, Butowsky, who is representing himself, said by phone: “That’s the craziest thing in the world. It has already been proven that the things they accused in the lawsuit never occurred.” The Riches said in a statement that they looked forward to seeking justice, including at a possible trial. “We would not wish what we have experienced upon any other parent,” they added. The couple, from Omaha, Nebraska, had said the campaign against them included their hiring, at Butowsky’s suggestion, a private detective to investigate their son’s death. Zimmerman later cited the detective’s findings in a discussion of Seth Rich’s alleged contacts with WikiLeaks. Calabresi said the reporter then lent credibility to those findings by emphasizing the detective’s connection to the Riches. “We have no trouble concluding that - taking their allegations as true - the Riches plausibly alleged what amounted to a campaign of emotional torture,” Calabresi wrote. The Riches claimed to suffer symptoms of post-traumatic stress disorder and social anxiety disorder, and Mary Rich said she no longer feels comfortable in public. Friday’s decision also lets the Riches sue for alleged interference with their contract with the detective, and try to revive a negligent supervision claim against Fox News. The case is Rich et al v Fox News Network LLC et al, 2nd U.S. Circuit Court of Appeals, No. 18-2321. Reporting by Jonathan Stempel; Editing by Alistair Bell, Dan Grebler and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-foxconn-agm-idINKBN23U0E2?edition-redirect=in
Taiwan's Foxconn eyes further India investment, sees bright outlook there
Taiwan's Foxconn eyes further India investment, sees bright outlook there By Reuters Staff3 Min Read TAIPEI (Reuters) - Taiwan’s Foxconn is planning further investment in India and may announce details in the next few months as the world’s largest contract manufacturer views the outlook there very favourably, its chairman said on Tuesday. Slideshow ( 3 images ) Foxconn already makes smartphones in India for Apple Inc and Xiaomi Corp, though in March said it suspended production due to the novel coronavirus outbreak. Chairman Liu Young-way told Foxconn’s annual general meeting that looking ahead, India was a bright spot for development even though there was a “certain impact” at present due to the virus. “We are fully pushing ahead with next steps there, and maybe in a few months’ time we can reveal on our website the next steps and report back to everyone. We’ll have further investment there,” Liu said, without detailing plans or reasons for the firm’s view on the business outlook in India. Foxconn’s January-March profit plunged to its lowest in two decades after the outbreak forced the firm to suspend manufacturing in China and knocked demand from customers including Apple. But the firm, formally Hon Hai Precision Industry Co Ltd, last month said the worst of the outbreak for it was over. Liu described the first-quarter results as a “special case” that reflected the effect of the virus. He said there were no infections at its China plants so it was able to resume operations earlier than it expected. Foxconn is seeking to make up virus-related losses at its China plants with “resources” from customers and local governments. Liu did not elaborate apart from saying such activity would take place gradually over several quarters. He also said, looking forward, a second wave of global coronavirus infection was a risk to its business. For the second quarter, Foxconn has said it expects revenue to show double-digit percentage growth versus January-March, though it will still likely book a single-digit decline from the same period a year earlier. Foxconn is best known for assembling Apple’s iPhones, many at its factories in China. Reporting by Roger Tung and Ben Blanchard; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-foxconn-results/apple-supplier-foxconns-revenue-hammered-by-coronavirus-fallout-idUKKBN20S1HJ?edition-redirect=uk
Apple supplier Foxconn's revenue hammered by coronavirus fallout
Apple supplier Foxconn's revenue hammered by coronavirus fallout By Reuters Staff2 Min Read FILE PHOTO: A motorcyclist rides past the logo of Foxconn, the trading name of Hon Hai Precision Industry, in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu/File Photo TAIPEI (Reuters) - Apple's manufacturing partner Foxconn 2317.TW reported its biggest monthly drop in revenue in about seven years on Thursday as the coronavirus outbreak continued to play havoc with its business. The Taiwanese company, which assembles Apple's AAPL.O iPhones, saw revenue sink 18.1% in February compared with a year earlier - the biggest monthly fall since March 2013 and the third straight month of decline. It warned the coronavirus epidemic would hit its bottom line in the first quarter. Foxconn is among manufacturers worldwide grappling with virus-related curbs that have disrupted supply chains and dampened demand. Apple, its top client, rescinded its March quarter sales guidance, citing a slower ramp up of manufacturing in China amid travel restrictions and an extended Lunar New Year break. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said in a stock exchange filing that revenue fell to T$217.5 billion ($7.28 billion) in February. The company, whose share price has dropped nearly 10% this year, warned earlier this week that revenue would fall more than 15% in businesses including consumer electronics and telecommunications products in the first quarter. But it added that revenue would recover thereafter as production returns to normal in virus-hit China. The company said it did not expect to see any revenue growth in the first half and made a “mild downward revision” from its original guidance of “slight growth” for the year due to the coronavirus. Foxconn has pledged to resume normal production in China, its top manufacturing base, by the end of March. Any significant disruption at Foxconn would cloud Apple’s timeline for new phones. The flu-like virus, which originated in China, has spread to over 60 countries. There are now over 95,300 cases worldwide and more than 3,200 people have died, most of them in China, according to a Reuters tally. Reporting by Yimou Lee; Editing by Pravin CharOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-foxconn-wisconsin-exclusive/exclusive-foxconn-reconsidering-plans-to-make-lcd-panels-at-wisconsin-plant-idUKKCN1PO0FV?edition-redirect=uk
Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant
Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant By Jess Macy Yu, Karl Plume5 Min Read (Reuters) - Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised. Announced at a White House ceremony in 2017, the 20-million square foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing. Foxconn, which received controversial state and local incentives for the project, initially planned to manufacture advanced large screen displays for TVs and other consumer and professional products at the facility, which is under construction. It later said it would build smaller LCD screens instead. Now, those plans may be scaled back or even shelved, Louis Woo, special assistant to Foxconn Chief Executive Terry Gou, told Reuters. He said the company was still evaluating options for Wisconsin, but cited the steep cost of making advanced TV screens in the United States, where labor expenses are comparatively high. “In terms of TV, we have no place in the U.S.,” he said in an interview. “We can’t compete.” When it comes to manufacturing advanced screens for TVs, he added: “If a certain size of display has more supply, whether from China or Japan or Taiwan, we have to change, too.” Rather than a focus on LCD manufacturing, Foxconn wants to create a “technology hub” in Wisconsin that would largely consist of research facilities along with packaging and assembly operations, Woo said. It would also produce specialized tech products for industrial, healthcare, and professional applications, he added. Related CoverageWisconsin governor's office says evaluating shift in Foxconn LCD display project “In Wisconsin we’re not building a factory. You can’t use a factory to view our Wisconsin investment,” Woo said. Earlier this month, Foxconn, a major supplier to Apple Inc., reiterated its intention to create 13,000 jobs in Wisconsin, but said it had slowed its pace of hiring. The company initially said it expected to employ about 5,200 people by the end of 2020; a company source said that figure now looks likely to be closer to 1,000 workers. It is unclear when the full 13,000 workers will be hired. But Woo, in the interview, said about three-quarters of Foxconn’s eventual jobs will be in R&D and design - what he described as “knowledge” positions - rather than blue-collar manufacturing jobs. Foxconn is formally known as Hon Hai Precision Industry Co.\ Rather than manufacturing LCD panels in the United States, Woo said it would be more profitable to make them in greater China and Japan, ship them to Mexico for final assembly, and import the finished product to the United States. He said that would represent a supply chain that fits with Foxconn’s current “fluid, good business model.” FILE PHOTO: A shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump as he participates in the Foxconn Technology Group groundbreaking ceremony for its LCD manufacturing campus, in Mount Pleasant, Wisconsin, U.S., June 28, 2018. REUTERS/Darren Hauck Heavily criticized in some quarters, the Foxconn project was championed by former Wisconsin Governor Scott Walker, a Republican who helped secure around $4 billion in tax breaks and other incentives before leaving office. Critics of the deal, including a number of Democrats, called it a corporate giveaway that would never result in the promised manufacturing jobs and posed serious environmental risks. “Every step of the way Foxconn has overpromised and under-delivered,” Democrat Gordon Hintz, the minority party leader in the state assembly, said in a Wednesday statement. “This news is devastating for the taxpayers of Wisconsin.” The company’s own growth projections and employment goals suggest the taxpayer investment would take at least 25 years to recoup, according to budget think tank the Wisconsin Budget Project. Foxconn CEO Gou plans to meet with Wisconsin’s new Democratic governor, Tony Evers, a past critic of the deal, later this year to discuss modifications of the agreement, according to the source familiar with the company’s thinking. The Office of the Governor said in a Wednesday statement it has been in contact with senior leadership at Foxconn since the Reuters story was published. Evers’ aide Joel Brennan said the team was “surprised” by the development. Some “details about the continuing evolution of this project will require further review and evaluation,” Brennan said in the statement. Currently, to qualify for the tax credits Foxconn must meet certain hiring and capital investment goals. It fell short of the employment goal in 2018 - hiring 178 full-time jobs rather than the 260 targeted - failing to earn a tax credit of up to $9.5 million. The company may be prepared to walk away from future incentives if it is unable to meet Wisconsin’s job creation and capital investment requirements, according to the source familiar with the matter. Reporting by Jess Macy Yu in Taipei and Karl Plume in Wisconsin; Editing by Jonathan Weber and Paul ThomaschOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-foxconn-wisconsin/wisconsin-board-clears-way-for-3-billion-foxconn-deal-idUSKBN1D905A
Wisconsin board clears way for $3 billion Foxconn deal
Wisconsin board clears way for $3 billion Foxconn deal By Reuters Staff2 Min Read The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu/File Photo (Reuters) - Wisconsin’s economic development agency on Wednesday approved a $3 billion incentives package for Taiwan-based Foxconn to build a massive liquid-crystal display plant in the state, Governor Scott Walker said. The vote by the Wisconsin Economic Development Corporation clears a final hurdle for the controversial deal, in which Foxconn 2317.TW hopes to open a $10 billion plant in 2020 at a 1,000-acre site in southeastern Wisconsin. Foxconn, formerly known as Hon Hai Precision Industry Co Ltd, is a major supplier to Apple Inc AAPL.O for its iPhones. “WEDC’s board approved the deal with Foxconn. Wisconsin is ready to welcome the world’s largest electronics contract manufacturer to Wisconsin and the United States!,” Walker said on Twitter. The governor told local media he intends to sign the incentive package, which was approved by the Republican-controlled state Assembly in August, at a ceremony with the company’s chief executive officer on Friday. Walker ordered the legislature into special session in August to consider the incentives package, which would award Foxconn $3 billion over 15 years in mostly cash incentives. The 20-million-square-foot LCD plant would initially employ 3,000 people, but Walker and Foxconn said the company could ultimately employ 13,000 at the site. Proponents have touted the project’s investment potential and job creation, including an expected 22,000 ancillary and 10,000 construction jobs. Critics, including some Democrats, have attacked the plan as corporate welfare, too expensive, rushed and potentially harmful to the environment. Reporting by Dan Whitcomb in Los AngelesOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-foxes-odd/fur-farm-foxes-trained-to-combat-rat-plague-idUSTRE66R43O20100728
Fur farm foxes trained to combat rat plague
Fur farm foxes trained to combat rat plague By Reuters Staff2 Min Read A silver fox looks out of its cage at the private farm in Rovnoye village, about 230 km (143 miles) southwest of Russia's Siberian city of Krasnoyarsk November 30, 2009. REUTERS/Ilya Naymushin BEIJING (Reuters) - Authorities in China’s far west have bred and trained “an army” of silver foxes bought from a fur farm to fight a plague of rats threatening a huge expanse of grasslands, state media said on Wednesday. The Xinjiang government bought 20 foxes in 2004 and they have since increased to 284 and been released into the wild, the official Xinhua news agency said. “Foxes are excellent natural predators of the rodent. One fox can catch about 20 rats per day. There has been a decline in the rat population in several counties where the measure has been adopted,” it quoted official Ni Yifei as saying. Rat numbers have exploded due to unusually dry conditions and threaten more than 5.5 million hectares of grasslands, the report said. In one of the areas where the foxes have been released, rat numbers have dropped 70 percent, it added. “The silver fox was chosen to be the rat fighter for its distinctive ability to run, hunt and live under the harsh living conditions on the prairie,” Ni said. Silver foxes are more normally bred in Xinjiang for their rich fur, used to make clothing. Other parts of Xinjiang are using wolves, eagles and even chickens and ducks to control rat numbers, Xinhua said. “It is a green way to tackle the rat problem,” added another official, Lin Jun. Reporting by Ben Blanchard; Editing by Sugita KatyalOur Standards: The Thomson Reuters Trust Principles.
60d0ac7d1d51f93b9d9898cc3f5982ea
https://www.reuters.com/article/us-fracking-homeowners-analysis-idUSBRE9BB0GS20131212
Analysis: U.S. drilling boom leaves some homeowners in a big hole
Analysis: U.S. drilling boom leaves some homeowners in a big hole By Michelle Conlin7 Min Read (Reuters) - When Gary Gless bought his sleek, modernist house in Los Angeles in 2002, he thought he had hit a “gold mine.” The world’s largest inner-city park - featuring a lush, 18-hole golf course - was about to get built across the street. Gless’s balcony was set to overlook the clubhouse and first tee. Drilling wells are pictured in Los Angeles, California December 11, 2013. REUTERS/Mario Anzuoni Today, instead of golf carts and fairways, Gless looks out on to drilling wells and oil pads. The park plan was ditched, and Freeport-McMoRan Oil & Gas LLC now operates 700 wells there - and 400 more are on the way. All the drilling, Gless says, has caused house foundations to crack and swimming pools to start to slide down hills. Gless, who holds the mineral rights to his land but collects no royalties, would move if he could. But he is stuck. “Who would want to live here?” says Gless, who says his house has lost at least 80 percent of its value. “I wouldn’t even buy my own home.” Freeport-McMoRan, part of Freeport-McMoRan Copper & Gold Inc, said that, for the past three years, its surveys of the oilfield and surrounding communities have found no connection between its activities and “localized claims of property damage.” It said it would continue to evaluate the issue. The United States has a long history of keeping industrial activity out of middle and upper-middle-class residential neighborhoods. But that is starting to change with the spread of new technology for oil and gas drilling, such as horizontal drilling and hydraulic fracturing, or “fracking.” The new techniques have allowed once-unreachable reservoirs of energy, trapped beneath the forested suburbs and bustling urban centers of places like Los Angeles, Denver and Cleveland, to be pumped out for the first time. As a result, millions of American homeowners now find themselves living within a mile of drilling activity that they say is deflating the value of their homes, making it hard for them to move. It is one of the hidden costs of the oil boom, which has created thousands of jobs, spurred local economies and lowered domestic energy costs. “You go to buy a home, you see that it has a well pad in the backyard, and essentially you might say I’m not willing to pay very much for this house,” said Elisheba Spiller, an economist at the Environmental Defense Fund. “That’s where the drop in value comes in.” Spiller - along with Christopher Timmins, a Duke University economics professor, and Lucija Muehlenbachs, a fellow at think tank Resources for the Future - published a working paper on Monday that found shale gas drilling within a kilometer (0.6 mile) of a home can decrease property values by an average of 16.7 percent if the house depends on wells - and not municipal sources - for its drinking water. Gless, the Los Angeles homeowner, gets municipal water during the dry months of summer, but in winter he relies on well water. Slideshow ( 7 images ) The study, which analyzed home values in 43 counties in New York and Pennsylvania, was inconclusive about the impact on properties within a kilometer of shale gas wells if houses had water piped in from town. Timmins said his additional research in Texas shows similar results, suggesting the perceived risk of water contamination, based on the proximity of wells, can drag down home values. Brian Straessle, a spokesman for the American Petroleum Institute, an oil and gas industry trade group, declined to comment directly on the findings of the study. He said that, thanks to the U.S. energy boom, American homeowners’ energy bills have been cut by an average $1,000 a year and that the industry has led to massive job growth in areas of the country with high joblessness. “Oil and natural gas has been a big, bright spot in our economy for quite some time now,” Straessle said. “You need to think of all the folks who, because this industry is creating these jobs, have neighbors who are back to work and who have homes that are not foreclosed on.” “UNSELLABLE” There are no databases that keep track of how many homeowners are affected by the U.S. oil and gas drilling boom. Real estate brokers say they see more signs of prospective home buyers worrying about the health and environmental effects of living close to a well. “For the most part, it renders those houses unsellable,” said Phyllis Wolper, a Denton, Texas, realtor who has several clients who live near oil and gas wells and have been unable to sell their homes. A University of Denver study found that a majority of 550 people surveyed would decline to buy a home near natural gas drilling. The study, to be published in the Journal of Real Estate Literature, also found up to a 25 percent reduction in bid value for homes located near these “fracking scenarios.” “There’s a stigma,” said Ron Throupe, one of the study’s authors and a professor at University of Denver’s Daniels College of Business. Little protection is available to homeowners. Insurance policies exclude anything having to do with “industrial operations” and title companies exclude fracking activity from their policies, too. Instead, homeowners in such states as Ohio and Arkansas have sued energy companies, with the allegations ranging from groundwater contamination to loss of their land’s market value. Since 2009, landowners in eight states have filed more than 35 suits, according to a report by law firm Fulbright & Jaworski. The landowners either leased land to drillers or lived in “close proximity” to the fracking. SOME HAVE BENEFITED To be sure, many homeowners have benefited from the oil boom. A typical drilling lease can generate bonuses for its owner worth thousands of dollars per acre and a share of production profits as high as 25 percent. In 2012 alone, oil and gas operators paid more than $20 billion in gas royalties, according to the National Association of Royalty Owners. But for those who own land near drilling sites and don’t receive royalties, most of them end up with less than nothing. Susan Fowler, an automotive design engineer, owned a roomy, brick Georgian in a top Cleveland school district. Her sun-scrubbed kitchen overlooked a grove of evergreens. But in 2009 she had to flee her home after her neighbor leased his mineral rights and a fracking well popped up next to her backyard. Fowler, who got her water from Cleveland, says the fumes, glaring lights and deafening noise from the trucks and pump jacks made it impossible for her family to stay. They eventually moved to Portland, Oregon. “My beautiful house was all of a sudden on an industrial site,” Fowler says. “We wanted to get as far away from fracking as we could.” Last year, their house sold for $225,000 - about half its appraised value. Reporting by Michelle Conlin in New York; Editing by Frank McGurtyOur Standards: The Thomson Reuters Trust Principles.
e6a937bc67a1aba5ccecd397e1f54d3a
https://www.reuters.com/article/us-france-agriculture-gmo-idUSKBN29N1T9
France backs non-GMO regulation for crop gene-editing in EU
France backs non-GMO regulation for crop gene-editing in EU By Reuters Staff2 Min Read PARIS (Reuters) - France sees crops developed using gene-editing techniques as different to genetically modified organisms (GMOs) and opposes a European Union court decision to put them under strict GMO regulations, the country’s agriculture minister said. FILE PHOTO: French Agriculture Minister Julien Denormandie speaks during an interview with Reuters at the Agriculture Ministry in Paris, France, December 1, 2020. REUTERS/Charles Platiau/File Photo The European Court of Justice (ECJ) ruled in 2018 that mutagenesis, among so-called New Breeding Techniques (NBT) based on targeted editing of genes, fall under rules applying to GMOs that incorporate DNA from a different species. The decision was welcomed by some environmentalists who have long opposed GMOs as a threat to ecosystems, and criticised by seed makers and scientists as penalising Europe’s agricultural research capacity. “NBTs are not GMOs,” Agriculture Minister Julien Denormandie said in an interview published by several farming news outlets, including Agra Presse on Friday. “This (NBT) technology allows much quicker development of a variety that could have emerged naturally at some point, and that is a very good thing,” he said, calling for NBT not to be regulated like GMOs. The agriculture ministry confirmed the comments on Monday. The EU’s executive in late 2019 requested a study on the issue that is due to be submitted by the end of April this year. France is the EU’s largest agricultural producer and among EU members to have banned cultivation of GMO crops. England’s farming minister announced earlier this month a public consultation on gene editing in agriculture, saying Britain’s exit from the EU allowed it to set its own rules. The French government is also considering how to respond to a ruling last year by the country’s top administrative court requiring it to change its mutagenesis regulations in line with the EU court’s decision. Reporting by Gus Trompiz; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-airshow-apollo-moon/apollo-astronauts-celebrate-50-years-since-first-moon-landing-idUSKCN1TJ2BA
Apollo astronauts celebrate 50 years since first moon landing
Apollo astronauts celebrate 50 years since first moon landing By Forrest Crellin3 Min Read PARIS (Reuters) - Three astronauts instrumental in the groundbreaking U.S. space program of the 1960s and 70s gathered at the Paris Air Show on Tuesday to celebrate the 50th anniversary of Apollo 11, the mission that first put a man on the moon. Slideshow ( 2 images ) Walter Cunningham, 87, who was part of the Apollo 7 mission, Al Worden, 87, who flew with Apollo 15, and Charlie Duke, 83, who walked on the moon with Apollo 16, recounted their extra-terrestrial experiences before a captive airshow audience. Worden, who orbited the moon alone for days in 1971, holds the feat of having been the world’s most isolated human, while Cunningham is notable for being part of a team that talked back to Mission Control in 1968, getting them blacklisted from future flights. Despite that setback, which came after the astronauts asked Mission Control if they could reenter the atmosphere without helmets on and were told no, Cunningham remembers his experiences fondly. “Five hundred years from now there is only going to be one thing they remember about Apollo, and that is that man landed on the moon,” he told the audience. “That’ll be it. And people will have no idea how hard it was, for example, to get the first Apollo mission off. Apollo 7 was the fifth mission that Wally Schirra, Donn Eisele and I were on, and finally we flew.” NASA pioneered space flight in the 1960s, amid competition from Soviet cosmonauts, but not without serious risks. The Apollo 1 mission burned up on the launch pad during a test in 1967, killing the crew and prompting NASA to halt all attempts at manned flights. Only two years later, once the Command Module and spacesuits had been redesigned, was Apollo 7 cleared for launch. Charlie Duke was a part of the Apollo 16 mission in 1972, and became the youngest person to walk on the moon at 36. “It’s like ‘well I’m home, I know where to go, I know what’s over here’,” he said of the experience, which only 12 people have ever had. “It was a feeling of belonging, but it was also wonder, awe, excitement, adventure. “The best way I could describe it, if you could imagine a five-year-old kid on Christmas and birthday and everything else rolled into one. That was the most exciting moment in my life.” Apollo 11, the mission that ultimately delivered Neil Armstrong and Buzz Aldrin to the moon, touched down on July 20th, 1969. NASA has organized a series of events to commemorate the 50th anniversary. Additional reporting by Emily Delwarde; Editing by Luke Baker and Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-airshow-boeing-certification-e/exclusive-boeing-seeking-to-reduce-scope-duration-of-some-physical-tests-for-new-aircraft-sources-idUSKCN1TH0A3
Exclusive: Boeing seeking to reduce scope, duration of some physical tests for new aircraft - sources
Exclusive: Boeing seeking to reduce scope, duration of some physical tests for new aircraft - sources By Eric M. Johnson7 Min Read PARIS (Reuters) - Boeing Co engineers are reducing the scope and duration of certain costly physical tests used to certify the planemaker’s new aircraft, according to industry sources and regulatory officials. Several Boeing 777X aircraft are seen in various stages of production during a media tour of the Boeing 777X at the Boeing production facility in Everett, Washington, U.S., February 27, 2019. REUTERS/Lindsey Wasson But the strategy could be at risk if regulators and U.S. lawmakers probing two deadly Boeing plane crashes require even more rigorous safety tests before certifying new aircraft as passenger-worthy. As Boeing kicks off the year-long flight testing process on its new 777X, its engineers will cut hours off airborne testing by using computer models to simulate flight conditions, and then present the results to the U.S. Federal Aviation Administration (FAA) as part of the basis for certification, according to two people with direct knowledge of the strategy. Reuters could not determine when Boeing decided to move forward with the plan to cut back on physical tests or the extent to which it planned to reduce them for the 777X. For Boeing’s proposed twin-aisle jetliner, known internally as NMA, Boeing’s Test & Evaluation group is developing the technology to replace costly and labor intensive physical safety tests used for decades - such as using machines to bend the wings to extreme angles and shaking the fuselage until it cracks - with computer modeling, according to three people with knowledge of the matter, including an FAA official. Such work for the NMA is in the conceptual phase, though Boeing’s goal is to expand “certification by analysis” as “extensively as they possibly can” to slash development costs, one of the people told Reuters. Doing so enhances a finely balanced business case for launching NMA, which would be the first aircraft fully developed in the digital age. Boeing spokesman Paul Bergman declined to comment on the company’s testing strategy for the 777X or the NMA, but said the planemaker was “looking holistically at our design and certification processes” following the 737 MAX crashes in Ethiopia and Indonesia, which together killed 346 people. “This includes participating in ongoing independent government reviews and establishing a new board committee to review our end-to-end design and certification processes,” Bergman said. When asked whether the FAA would allow Boeing to eliminate an array of physical tests for NMA and 777X, FAA spokesman Lynn Lunsford said the agency “makes determinations on a case-by-case basis, relying on data and decades of experience in certifying aircraft.” Slideshow ( 13 images ) Current regulations allow planemakers to use physical testing and analysis to demonstrate compliance. Like the MAX, the NMA and 777X - which Boeing is racing to deliver in 2020 - are centerpieces in Boeing’s duel with Airbus SE and will influence how Boeing decides to manufacture and certify an eventual 737 MAX replacement. How quickly and at what cost the new planes are delivered to customers is critical to not just Boeing’s bottom line, but also the U.S. Congressional budget. In February 2018, Boeing CEO Dennis Muilenburg touted the company’s “streamlining certifications” effort at an industry conference, saying it was “an item we want to keep on the leading edge.” While Boeing declined to elaborate on what Muilenburg meant by “streamlining,” people familiar with the matter said it includes lobbying for more limited direct FAA oversight and expanding the use of digital analysis over costlier physical testing to show regulatory compliance. Like Boeing, Airbus and other manufacturing heavyweights are working to seize technological leaps in computerized engineering methods and tools that bridge the real and virtual world, and improve factory floor efficiency. Airbus declined to comment. Five people familiar with the matter said Boeing believes that new technology and decades of testing experience have rendered some physical tests redundant for demonstrating safety. For example, when vibrating a fuselage on an enormous platform to expose weaknesses - known as fatigue testing - the vast majority of the time the tool itself breaks instead of the airframe, according to a person with knowledge of past tests. Such work is costly and has reliably confirmed engineers’ expectations, he added. HURDLES The strategy to streamline plane certifications faces hurdles in the coming months as the FAA and other global regulators investigate whether Boeing’s processes are flawed after the MAX crashes, and as the Chicago-based planemaker seeks to reassure the flying public that its jetliners are safe. Teal Group aerospace analyst Richard Aboulafia said the probes may trigger push-back against digital certification, even if there is no evidence it is unsafe. “A headlong rush right now might not be best from an optics standpoint,” Aboulafia said. The FAA declined to speculate on potential post-probe certification changes, but said it will “consider any and all recommendations that might help improve the process.” Boeing’s internal review has uncovered nothing that caused it to shift its certification approach, Muilenburg and Boeing CFO Greg Smith told journalists in recent weeks. Under current regulations, Boeing employees act as the FAA’s eyes and ears and complete much of the detailed certification work. For example, as Boeing works to certify the 777X, engineers were catching glitches using a scaled-down cockpit mockup known internally as ‘airplane zero’ in a Seattle-area lab as recently as February. But an FAA official with knowledge of the matter said that Boeing has not issued reports directly to external FAA officials as of early this month. That contrasts with Boeing’s original 777 development in the 1990s, when the FAA required Boeing to build a cockpit replica to conduct tests designed to weed out safety risks lurking in the 777 designs, and granular results were reported directly to the FAA for months, the official said. Despite advances in computing power, some experts argue old-school physical tests are categorically better because they can produce unpredictable results, said one industry certification expert. “Test has changed for the company from being a place of discovery to being mostly to validate what we thought we knew,” said Rick Ludtke, a former Boeing 737 MAX engineer. Additional reporting by Tim Hepher in Paris, and David Shepardson in Washington; Editing by Tracy Rucinski and Edward TobinOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-airshow-misubishi/mitsubishi-signs-mou-for-15-spacejet-planes-idUSKCN1TK0LM
Mitsubishi signs MOU for 15 Spacejet planes
Mitsubishi signs MOU for 15 Spacejet planes By Reuters Staff1 Min Read Slideshow ( 2 images ) PARIS (Reuters) - Mitsubishi Aircraft Corp said on Wednesday it had signed a preliminary deal to sell 15 newly redesigned Spacejet M100 aircraft to a North American airline. The Spacejet M100 is a new and rebranded version of the delayed MRJ70, designed to carry 65 to 88 people and to be more competitive in the dominant U.S. market for regional jets. The North American airline, whose name was not disclosed, will take delivery beginning in 2024, Mitsubishi Aircraft said. Company officials said Mitsubishi had also signed a preliminary agreement with French aerospace supplier Safran to supply cabin features for the Spacejet family including galleys, lavatories and overhead bins. Reporting by Tim Hepher; Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-antisemitism/french-top-court-stops-comedy-show-called-anti-semitic-idUKBREA080Q220140109?edition-redirect=uk
French top court stops comedy show called anti-Semitic
French top court stops comedy show called anti-Semitic By Marion Douet3 Min Read PARIS (Reuters) - A top French court upheld a ban on the opening night show on Thursday of a comedian whom the government accuses of insulting the memory of Holocaust victims. Slideshow ( 2 images ) The Council of State, France’s highest administrative court, issued its last-minute decision just one hour before the show by Dieudonne M’bala M’bala was to begin in the western city of Nantes. The top court’s ruling came after Interior Minister Manuel Valls, who has been leading the effort to stop Dieudonne’s national tour, appealed a decision by a lower administrative court that rejected local authorities’ efforts to ban the show. In its ruling, the Council of State - which has previously ruled against bans on Dieudonne performances - cited the risk to public order were the show to proceed. “It’s a big relief,” said Valls after the decision. Fans outside the theatre booed after hearing the news. “We’re disappointed, we came for nothing,” one fan told BFM-TV. “Even if you don’t agree with what’s being said, everyone should be able to express themselves.” Dieudonne’s lawyer, Jacques Verdier, has argued that a ban on his client performing would breach his freedom of speech. Dieudonne, 46, has been repeatedly fined for hate speech and local authorities in Nantes had barred the show following the lead of other cities that did the same on the grounds of risk to public order. The appeals court’s decision validated the efforts of Valls and President Francois Hollande, who had argued for regional prefects to remain “on alert and inflexible” in determining whether or not to ban the shows. Shown by polls to be France’s most popular politician for his tough law and order stance, Valls said before the top court’s decision that he recognized the country’s free speech laws would make it difficult to stop Dieudonne’s show. Nevertheless, the fight was worth it as it raised the public’s consciousness, he said. Critics say the comic’s trademark straight-arm gesture is a Nazi salute in reverse. Dieudonne counters that it is anti-Zionist and anti-establishment, but not anti-Semitic. Some politicians on the right had criticized the government for devoting so much energy to Dieudonne, and a former conservative interior minister said Valls’ approach was ill-prepared. “In effect it’s given untold publicity to Dieudonne,” said Brice Hortefeux, interior minister under former President Nicolas Sarkozy, told BFM TV. The Jewish CRIF umbrella organization had called earlier in the day for a protest in central Paris on Sunday against Dieudonne. Writing by Alexandria Sage and Nicholas Vinocur; editing by Mark John and Tom HeneghanOur Standards: The Thomson Reuters Trust Principles.
974ece4da0e95756ebb5639ba4f6be0d
https://www.reuters.com/article/us-france-attack-invented-idUSKBN0TX1ZH20151214
French teacher 'invented' story about Islamist attack: judicial source
French teacher 'invented' story about Islamist attack: judicial source By Reuters Staff1 Min Read PARIS (Reuters) - A teacher who had claimed he was assaulted in a school north of Paris by a man acting for Islamic State was making the story up, the Paris prosecutor’s office told Reuters on Monday. “He is being interviewed with a view to establishing the reasons for this invented story,” an official said. Earlier on Monday, other French officials told how the teacher had reported that a hooded man claiming a link to the militant Islamist group had attacked him with a knife-like weapon as he prepared for classes in a school north of Paris. Reporting by Chine Labbe and Matthias Blamont; Editing by Andrew CallusOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-auction-tintin/after-years-in-a-drawer-tintin-painting-sells-for-3-2-million-euros-idUSKBN29J2C1
After years in a drawer, Tintin painting sells for 3.2 million euros
After years in a drawer, Tintin painting sells for 3.2 million euros By Christian Lowe2 Min Read PARIS (Reuters) - A painting of comic book hero Tintin that was kept folded in a drawer for years sold at a Paris auction on Thursday for 3.175 million euros ($3.86 million), the auction house said. Slideshow ( 2 images ) The painting is the work of Belgian illustrator Georges Remi, better known by his nom de plume Herge, who was the author of the Tintin comic books. He died in 1983. Herge submitted the painting for his editor as a proposed cover for the pre-World War Two Tintin album “The Blue Lotus,” according to the Artcurial auction house, which conducted the sale. But Herge’s publisher rejected the painting, and a different Herge image was used for the cover. The illustrator gave the rejected image as a gift for Jean-Louis Casterman, heir to the publishing house that published the Tintin books. The painting was kept by Casterman, folded in a drawer. Until his death, he declined offers to sell the work, saying he treasured it as a gift from Herge, according to Eric Leroy, comic book expert at Artcurial. The 3.2 million euro sale price is before the auctioneer’s fees are added. The buyer was a private collector, whom the auction house did not identify. The price exceeded the top end of the estimate set by the auctioneers of 2.8 million euros. The image in the painting shows the intrepid young reporter Tintin, in oriental dress and flanked by his dog, Snowy, hiding in a vase from a rampant red dragon. The painting, in ink, watercolour and gouache, still bears the marks where it was folded. “It’s the most beautiful item that’s on the market in private hands,” Leroy said before the sale. ($1 = 0.8235 euros) Writing by Christian Lowe; Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-bahrain/france-seeks-to-calm-bahrain-after-rights-criticism-idUSKBN1JI2MB?feedType=RSS&feedName=worldNews&utm_source=Twitter&utm_medium=Social&utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuters+World+News%29
France seeks to calm Bahrain after rights criticism
France seeks to calm Bahrain after rights criticism By Reuters Staff2 Min Read PARIS (Reuters) - France sought to assuage Bahrain on Friday after rare criticism by its ambassador to the kingdom over human rights and an honorary citizenship by Paris of a rights campaigner sparked anger in Manama, three sources said. France, one of the five veto-wielding members of the U.N. Security Council, has close ties with Gulf Arab states, in particular Saudi Arabia and the United Arab Emirates, and rarely publicly criticizes internal political issues. However, French ambassador Cecile Longe tweeted on June 7 that Paris was deeply concerned by the “treatment of human rights defenders and political opponents in the country” and specifically criticized the confirmation of a five-year prison sentence for opposition member Nabeel Rajab. Rajab was sentenced to five years in prison in February for criticizing a Saudi-led coalition fighting in Yemen and accusing Bahrain’s prison authorities of torture. Longe’s tweets were followed by a decision on Monday by Paris town hall to make the activist an honorary citizen of the French capital. “The Bahrainis went apoplectic after this because the symbolism of it was a step too far,” said one source aware of the matter. A Bahraini emissary was dispatched to Paris on Friday to underscore Manama’s disapproval over the issue, two diplomatic sources said. The sources said the decision had pushed the Bahrainis to look to call off the king’s official visit to Paris, which had been due at the end of June. One of the two diplomats said Manama had informed Paris that the visit, which had never been officially announced, could not go ahead due to a death in the royal family. The French presidency declined to comment. France’s foreign ministry said it stood by the ambassador’s tweets. Bahrain’s embassy in Paris did not immediately respond to requests for comment. Reporting by John Irish; Additional reporting by Michel Rose; Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
ec333fd216fc634c0a595fd1074fba31
https://www.reuters.com/article/us-france-benin-idUSKCN1SB0C0
Benin guide for missing French tourists found dead
Benin guide for missing French tourists found dead By Reuters Staff2 Min Read OUAGADOUGOU (Reuters) - A local guide for two French tourists who went missing on safari in Benin last week has been found dead in the Pendjari National Park, the park said in a statement. The statement did not elaborate on what happened, but two sources told Reuters earlier that the guide’s body was found riddled with bullets and that the car that he and the tourists used was found burned out across the border in Burkina Faso. The fate of the tourists, who failed to return to camp after an excursion in the park on Wednesday, was unclear, the sources - a local official and a regional security source - said. France 24 television reported on Sunday that they had been kidnapped, citing unnamed regional sources. France’s foreign affairs ministry could not confirm the information on Sunday, although it has acknowledged that two nationals and their guide had been missing since Wednesday. Government officials in Benin and neighboring Burkina Faso declined to comment. The French government had warned its citizens against traveling to parts of Benin near the Burkina Faso border where the park is located because of the risk of kidnapping. The country’s military conducted anti-terrorism training exercises last year amid concern about militant activity in Burkina Faso, Niger and Nigeria. Still, the disappearances and death mark a rare incident of violence in Benin, which is considered a pocket of calm in restive and impoverished West Africa where jihadist groups with links to al Qaeda and Islamic State have used local grievances to stoke violence and gain influence. The sources said the guide’s car was found in eastern Burkina Faso, which this year has been overrun by jihadist attacks, forcing more than 100,000 residents to flee. Reporting by Thiam Ndiaga in Ouagadougou and David Lewis in Nairobi; Additional reporting by Sybille de La Hamaide in Paris and Allegresse Sasse in Cotonou; Writing by Edward McAllister; Editing by Jason Neely and Peter CooneyOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-biodiesel-idUSKBN19R1AZ
France to restrict use of palm oil in biofuels: minister
France to restrict use of palm oil in biofuels: minister By Sybille de La Hamaide3 Min Read PARIS (Reuters) - France will take steps to restrict the use of palm oil in producing biofuels in order to reduce deforestation in the countries of origin, French Environment Minister Nicolas Hulot said on Thursday. French Minister of Ecological and Social Transition Nicolas Hulot attends a national tribute ceremony for late French politician Simone Veil, Holocaust survivor and pro-abortion campaigner, at the Hotel des Invalides in Paris, France, July 5, 2017. REUTERS/Michel Euler/Pool France has opposed other uses of palm oil in the past. Several bills have been presented to parliament since 2012 proposing a special tax on its use in food, citing environmental damage caused by plantations. Indonesia and Malaysia, the world’s two largest palm oil producers, opposed such a tax, saying it was discriminatory and broke international trade rules. “We will close a window that offered the possibility for using palm oil in biofuels,” Hulot said during a presentation of a wider plan on the fight against climate change. He did not detail measures envisaged but said he wanted to stop “imported deforestation” in France, citing unsustainable soybean and palm oil production in the countries of origin. Hulot also criticized the import of some protein-rich products used in animal feed, saying he wanted to stop French livestock becoming reliant on products from Brazil that were produced in ways that damaged the Amazon rainforest. “It is all this incoherence that I want to stop,” he said. Hulot did not name the products, but soybeans are a protein-rich crop from Brazil often used in animal feed in France. Avril, Europe’s largest biodiesel producer, welcomed Hulot’s comments. The company uses French rapeseed as its main feedstock for biodiesel, in a process that makes animal feed as co-product known as rapemeal. “Avril group supports all initiatives favoring biofuels that provide protein for animal feed and the banning ... of biofuels made from palm oil,” Avril Chief Executive Jean-Philippe Puig told Reuters by email. He said any action should not be limited to France but should be taken at a European level. Avril has reduced output of biodiesel several times in the past, citing competition from cheaper imports that use palm oil as one of the main problems. French imports of biodiesel, which often contain palm oil, rose to more than 1.1 million tonnes in 2016 from less than 300,000 tonnes in 2010, Avril said. European biodiesel producers say rapemeal offers an alternative to imported soybeans, which mainly originate from Argentina and Brazil. Crop-based biofuels have faced mounting criticism in Europe. Opponents say some crops are grown on plantations that cause deforestation. They also say the feedstock, such as sugar or grains, should be used to feed people not make fuel. Reporting by Sybille de La Hamaide; Editing by Gus Trompiz and Edmund BlairOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-bridgestone/france-outlines-100-million-euro-plan-to-save-bridgestone-plant-idUSKBN2742B4
France outlines 100 million euro plan to save Bridgestone plant
France outlines 100 million euro plan to save Bridgestone plant By Reuters Staff2 Min Read FILE PHOTO: A view shows the Bridgestone's tyre plant in Bethune, France, September 21, 2020. REUTERS/Pascal Rossignol PARIS (Reuters) - The French government presented Bridgestone 5108.T with a rescue plan on Monday to save one of the Japanese tyre-maker's plants in northern France, industry minister Agnes Pannier-Runacher said. Bridgestone, which announced its plans to close the facility one month ago, is willing to examine the proposal, according to Pannier-Runacher. She said the bailout involved a roughly 100 million euro investment that would safeguard the jobs of more than half of the 863 employees at the Bethune site. “I had a shareholder who wasn’t interested in reexamining the case. Now it is,” Pannier-Runacher told a press conference, adding she did not exclude the involvement of the French state. Bridgestone said in mid-September that shutting down the plant was the only response to excess capacity and safeguarding competitiveness. There was no immediate reaction from Bridgestone on Monday. Xavier Bertrand, who heads the Hauts-de-France regional authority and is a candidate for the conservative ticket in the 2022 presidential election, said he wanted a quick answer from the company. “If it’s a no, we’ll enter into a battle to get the most for (the plant’s) employees,” Bertrand told the same news conference. “Because that’s not how you pull out in France.” Reporting by Jean-Stephane Brosse; Writing by Richard Lough; Editing by Benoit Van Overstraeten and Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
7cb05f2eb45d873ec86e124d4f405a8c
https://www.reuters.com/article/us-france-britain-scallops/fishermen-talk-peace-as-franco-british-scallops-dispute-flares-up-idUKKCN1LE1YZ?edition-redirect=uk
Fishermen talk peace as Franco-British scallops dispute flares up
Fishermen talk peace as Franco-British scallops dispute flares up By Geert De Clercq4 Min Read PARIS (Reuters) - French and British fisherman pledged talks to quell a high-seas dispute over access to the scallop-rich seabed in the Baie de Seine after French vessels chased their rivals out of the zone, hurling projectiles and insults. French vessels rammed British scallop dredgers on Tuesday off the coast of Normandy in an attack English fisherman Ciaran Cardell described as like “a scene out of Vietnam”. “They just came out and surrounded our fleet, throwing petrol bombs. It was mental,” said Cardell, a scallop fisherman from Cornwall who told Reuters his boat was attacked by about 15 French scallop fishing boats in international waters. The French are irritated that British fishermen are allowed to harvest scallops, a key earner for France’s Normandy region, throughout the year, while they are prevented from doing so during the summer. GRAPHIC: Navigating Brexit waters : tmsnrt.rs/2DKUKZD “This is well beyond legal behavior. We have asked the British government to intervene at a diplomatic level but also to provide protection for our vessels,” Barrie Deas, head of Britain’s fishermen’s organizations, told BBC radio. British environment minister Michael Gove said the UK boats were fishing legally. Slideshow ( 7 images ) He told BBC television: “We can insist that the French, because they have a legal responsibility to ensure that we don’t have scenes like those we saw earlier this week, ensure that those waters - their territorial waters - are appropriately policed so that legal fishing activity can continue.” The head of Normandy’s fishing organization Dimitri Rogoff said the attack was spontaneous but acknowledged events spiraled out of control. He said he deplored the violence. “There should not be any brawling, that could end badly. Our main UK counterpart has proposed we hold talks quickly in France, we’ll receive a UK delegation in the coming days,” Rogoff said on Wednesday. “THERE WILL BE NONE LEFT” Scallops - known as Coquille Saint Jacques in France - are one of just a few species whose catch is governed by national rather than European Union regulation. France bans all scallop dredging between May 15 and October 1, but Britain allows its vessels to operate year-round. Slideshow ( 7 images ) While British ships have no access to French territorial waters up to 12 nautical miles (22 km) off the coast, they can legally operate in the expansive Baie de Seine that stretches from Cherbourg to Dunkirk. After the row - dubbed the scallop wars - flared up five years ago, French and UK fishermen brokered yearly agreements that saw British fishermen limit their scallop dredging in the Baie de Seine in exchange for some French scallop permits. “But in the past two years, we feel our British partners do not want to negotiate, maybe because of Brexit,” Rogoff said. Rogoff said the root of the problem is different economic models. Normandy fishermen, he said, operate mainly small family-owned boats close to their own shores and sell the scallops live. The British fleet, he said, included company-owned “floating factories” which freeze and process the catch onboard. French fishermen argue that scallops should not be harvested in summer, when they reproduce. “If everybody dredges for scallops all year round, soon there will be none left,” Rogoff said. Additional reporting by Michael Holden in London and Michaela Cabrera in Paris; Writing by Geert De Clercq; Editing by Richard Lough and Andrew BoltonOur Standards: The Thomson Reuters Trust Principles.
1b1410024c929e6729ecb4eab40463a8
https://www.reuters.com/article/us-france-broadband-eu-idUSKBN132169
EU approves France's scheme for very high speed broadband
EU approves France's scheme for very high speed broadband By Reuters Staff1 Min Read European Competition Commissioner Margrethe Vestager holds a news conference at the EU Commission headquarters in Brussels, Belgium, July 14, 2016. REUTERS/Francois Lenoir BRUSSELS (Reuters) - European Union antitrust regulators on Monday approved France’s 13 billion euro ($14.39 billion) scheme to roll out very high speed broadband across the country, saying it did not unduly distort competition. “With these plans all French households and businesses will have access to high speed broadband by 2022. The plans also give more choice in suppliers,” Margrethe Vestager, the EU competition commissioner, said in a statement. The French scheme, known as Plan Tres Haut Debit, will fund local authorities’ infrastructure projects to deploy next-generation access networks ensuring fixed line connections of at least 30 megabits per second. The European Commission said the scheme did not breach the bloc’s state aid rules because support would be granted in areas where no private investment is planned and competitors would have access to the subsidized networks. ($1 = 0.9033 euros) Reporting by Julia Fioretti; Editing by Alastair MacdonaldOur Standards: The Thomson Reuters Trust Principles.
ecabcbc4fc3e2c078ba125e59deefdc4
https://www.reuters.com/article/us-france-building-collapse/sixth-body-found-under-collapsed-buildings-in-french-city-of-marseille-idUSKCN1NC0NF
Sixth body found under collapsed buildings in French city of Marseille
Sixth body found under collapsed buildings in French city of Marseille By Reuters Staff1 Min Read Slideshow ( 4 images ) MARSEILLE, France (Reuters) - The body of a sixth victim has been found in the rubble of two dilapidated buildings that collapsed this week in the city of Marseille, said a public prosecutor official on Wednesday. The buildings collapsed on Monday morning. Emergency services combing through the rubble have now found the bodies of four men and two women. Authorities had initially said that up to eight people might have been buried in the debris. Rescue teams said their work had been complicated since the collapse had destabilized other nearby buildings in the street, which lies not far from the city’s historic Old Port area. Authorities said they were looking into what caused the collapse of the buildings, described by residents of the area as dilapidated and in need of repair. Reporting by Jean-François Rosnoblet; Additional reporting by Sudip Kar-Gupta; editing by Michel RoseOur Standards: The Thomson Reuters Trust Principles.
80bde1af77a1988c9874a6838a9b3658
https://www.reuters.com/article/us-france-cenbank-digital/french-central-banker-says-digital-currency-cannot-be-private-idUSKBN1ZO0FU
French central banker says digital currency cannot be private
French central banker says digital currency cannot be private By Reuters Staff2 Min Read FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau delivers a speech to open a conference entitled "Bretton Woods: 75 years later" in Paris, France, July 16, 2019. REUTERS/Philippe Wojazer PARIS (Reuters) - Digital currency could be useful as cash transactions dwindle in some countries but central banks should be in charge of issuing it, not private companies, Bank of France Governor Francois Villeroy de Galhau said on Saturday. Spurred by the rise of cryptocurrencies and Facebook’s plans to launch its Libra currency, central banks worldwide are looking into the possibility of issuing digital money to prevent the loss of state control over money. Villeroy said the proposals were not a reaction to Facebook’s plan, responding instead to fast-evolving technology and some banks’ need for digital currency. He added that private citizens could also start wanting an alternative to cash. “In some northern European countries, notably Sweden and the Netherlands, the use of bank notes is falling extremely quickly and they are wondering whether we need to give citizens the right to digital money that is no longer a physical bank note but which has the same quality, notably the security of a central bank,” he told France Inter radio. Asked whether such digital money could be issued by private companies, Villeroy said “currency cannot be private, money is a public good of sovereignty”. He added that central banks were planning experiments with digital money and that the issue would be studied by the Eurosystem euro zone central banks. Reporting by Geert De Clercq; Editing by Helen PopperOur Standards: The Thomson Reuters Trust Principles.
e577dd368f6688f418a0cbf5452b2eab
https://www.reuters.com/article/us-france-chefs-idUSBRE86N0O320120724
Presidential chefs swap recipes for world diplomacy
Presidential chefs swap recipes for world diplomacy By Vicky Buffery5 Min Read PARIS (Reuters) - A handful of people in the world know that German Chancellor Angela Merkel loves popping over to Paris because of her penchant for French cuisine, while it’s best to avoid serving artichokes to French President Francois Hollande. They are the top chefs from the kitchens of the world’s leaders, masters of the art of sweetening international relations with a sumptuous meal, who gather in Paris this week to swap recipes and tips on dinner-party diplomacy. If Winston Churchill was right when he said a century ago that “the stomach governs the world”, then this club of 27 culinary maestros have an unseen influence on leaders’ moods as they seal decisions on everything from the crisis in Syria to the euro zone’s debt woes. “Presidents come and go, but chefs stay,” said Gilles Bragard, the French businessman who started the club of chefs to the world’s presidents and monarchs in 1977. “I often say that if politics divides, then the table brings people together,” he told a news conference in Paris at their latest annual get-together. In a wink at the cooks’ importance, the club’s name - “Le Club des Chefs des Chefs” - plays on the fact the French word for chef and leader is the same. It could translate as “The Club of Chefs of the Chiefs” or “The Club of Chiefs of the Chiefs”. “I think what I cook can really make a difference to how discussions happen,” Daryl Schembeck, head chef from the kitchens of the United Nations who recently cooked for a party of 200 world leaders, told Reuters. “If it’s easy to eat and people are enjoying it, it’s something they can talk about and that can start another conversation. I think I can impact that,” he said. Attending the gathering from the White House kitchen is Cristeta Comerford, chef to Presidents Bill Clinton, George W. Bush and now Barack Obama. From Paris comes veteran Bernard Vaussion, chef to French leaders for nearly 40 years. Slideshow ( 6 images ) The chefs, from as far afield as China, Sri Lanka and Israel, met in Berlin last week as part of a week-long annual get-together. They arrived in Paris on Monday for a three-day tour of the French capital, to sample ingredients and share recipes. FROM NAPOLEON TO THATCHER Chefs throughout history have played a vital, behind-the-scenes role in diplomacy, helping to ease fraught relations and smooth the way for talks. As Bragard recounts, the great French strategist Talleyrand, credited with the rise of the diplomatic banquet, once told Napoleon Bonaparte: “Give me a good chef and I shall give you good treaties.” Keen to smooth tensions over the euro zone crisis when Hollande and Merkel met this month to mark 50 years of Franco-German reconciliation, French chefs chose to reproduce the famous meal of filet of beef and raspberry macarons prepared in 1962 for post-war leaders Charles de Gaulle and Konrad Adenauer when they signed their friendship treaty. On the day of Hollande’s inauguration in mid-May, Merkel treated him to a feast of veal schnitzel and asparagus in Berlin, washed down with a fine red French wine. The chefs, some of the few people who have daily access to the world’s power-brokers, have the utmost trust of their employers. Only the Kremlin still has an official taster on hand to sample the Russian president’s food and make sure it hasn’t been tampered with. Other world leaders put their stomachs entirely in the hands of their cooks. Slideshow ( 6 images ) The chefs are firmly discreet regarding any secrets they pick up from the world of diplomacy - though they spill the beans more freely on former leaders, relating anecdotes that can give insight into presidents’ and prime ministers’ characters. London-based Anton Mosimann, a visiting chef to 10 Downing Street who has cooked for a string of British prime ministers, recounts how Margaret Thatcher once asked for a lavish meal to entertain the then French President Francois Mitterrand. He complied with a copious dish of veal steak with delicate morille mushrooms. During a conversation several years later, the famously frugal Thatcher congratulated him on the meal but added with a frown: “It was very expensive.” “That was Mrs. Thatcher, she never missed a thing,” Mosimann said. A current taboo at French diplomatic meals for American guests is foie gras, recently banned in California due to the force-feeding of geese used to produce it, even if White House chef Comerford said she had no qualms about serving up American-produced goose liver. “Our aim, of course, is always to avoid shocking our guests,” Elysee chef Vaussion told Reuters. Additional reporting by Johnny Cotton; Editing by Catherine Bremer and Pravin CharOur Standards: The Thomson Reuters Trust Principles.
64d68d881fcbc80aa7562b71ccd033eb
https://www.reuters.com/article/us-france-court-virginity-idUKL3044927920080530?edition-redirect=uk
French Muslims' marriage annulled over virginity lie
French Muslims' marriage annulled over virginity lie By Tom Heneghan, Religion Editor4 Min Read PARIS (Reuters) - France plunged into a heated debate about its marriage laws on Friday after learning that a court had annulled the union of two Muslims because the husband said the wife was not the virgin she had claimed to be. Politicians, feminists and human rights activists denounced the verdict, handed down last month but only reported in the national press on Thursday, as an affront to the legal equality of men and women and a violation of a woman’s privacy. The hoodwinked husband’s lawyer responded just as forcibly that civil marriage was a legal contract. The court invalidated this one because the wife had lied about what French law calls an “essential quality” of a contracting party, he said. Concerns about traditional Muslim views creeping into secular French law hung over the debate, but the strictly legal basis of the verdict forced critics to ask how two principles -- contract fraud and sexual equality -- could be reconciled. “It is profoundly shocking that, in our country, a marriage can be annulled on the basis of non-virginity before the marriage,” Frederic Lefebvre, spokesman for President Nicolas Sarkozy’s governing UMP party, said in a statement. Prominent feminist Elisabeth Badinter said the courts should defend Muslim women, not pressure them. “The end result will be that some Muslim girls will rush to hospitals to have their hymens sewn back together again,” she told France Inter radio. Muslims make up about eight percent of the population in France, which has vigorously defended its secular system against their occasional religious demands by banning Islamic headscarves in the civil service and in state schools. NO VIRGINITY LAW IN ISLAM Xavier Labbee, the husband’s lawyer, denied that religion had anything to do with the verdict. “The law says that when there is an error concerning essential qualities of one of the spouses, an annulment can be sought,” he told LCI television. The same clause has been used in French courts to annul marriages in which one person discovered only afterwards that the other had concealed a divorce or had a physical or mental disability that made a normal sexual life impossible. The rector of a large mosque in the northern city of Lille, where the case was tried, also denied Islam played any role. In Islam, Amar Lafsar said, “virginity is not a necessary condition for marriage.” The religion preached chastity before marriage but Muslims could heed or ignore the message. “They’re free,” he told RTL radio. “They’re in a country of law and liberty. Each is free to respond or not to the message.” Badinter said the verdict ignored the fact some traditional Muslim families shunned sexually active single daughters. Recalling some young women were even murdered in so-called “honor killings”, she said the wife in this case “did not have the freedom not to lie ... she lied in self-defense.” Laurence Rossignol, women’s rights spokeswoman for the opposition Socialist Party, called the verdict unconstitutional. “If the civil code could produce such a decision, we have to change it urgently,” she said in a statement. Lefebvre suggested an appeals court review the verdict. “We are certainly not going to ask the wife to appeal, because if the verdict is annulled and the marriage is validated, that would probably not be good news for her,” he said. Our Standards: The Thomson Reuters Trust Principles.
11d2c433d7cb1d491cae878e25efac6b
https://www.reuters.com/article/us-france-crash-idUKKCN0ZU2K7?edition-redirect=uk
With 84 dead, France investigates whether truck attacker acted alone
With 84 dead, France investigates whether truck attacker acted alone By Sophie Sassard, Michel Bernouin, Tom Bergin10 Min Read NICE, France (Reuters) - French authorities were trying to determine on Friday whether a Tunisian who killed at least 84 people by plowing a truck into Bastille Day crowds had acted alone or with accomplices, but said the attack bore the hallmarks of Islamist militants. Thursday night’s attack in the Riviera city of Nice plunged France into new grief and fear just eight months after gunmen killed 130 people in Paris. Those attacks, and one in Brussels four months ago, shocked Western Europe, already anxious over security challenges from mass immigration, open borders and pockets of Islamist radicalism. The truck zigzagged along the city’s seafront Promenade des Anglais as a fireworks display marking the French national day ended. It careered into families and friends listening to an orchestra or strolling above the Mediterranean beach towards the century-old grand Hotel Negresco. At least 10 children were among the dead. Of the scores of injured, 25 were on life support, authorities said on Friday. Witness Franck Sidoli said he had watched people mown down before the truck finally stopped just five meters away from him. “A woman was there, she lost her son. Her son was on the ground, bleeding,” he told Reuters at the scene. The driver, 31-year-old Mohamed Lahouaiej Bouhlel, was shot dead by officers at the scene. He was known to police for petty crimes but was not on a watch list of suspected militants. He had one criminal conviction, for road rage, and was sentenced to probation three months ago for throwing a wooden pallet at another driver. The investigation “will try to determine whether he benefited from accomplices,” Paris prosecutor Francois Molins said. “It will also try to find out whether Mohamed Laouaiej Bouhlel had ties to Islamist terrorist organizations.” “Although yesterday’s attack has not been claimed, this sort of thing fits in perfectly with calls for murder from such terrorist organizations,” Molins added. Bouhlel’s ex-wife was in police custody, Molins said. He had three children. Police found one pistol and various fake weapons in his truck. French Prime Minister Manuel Valls told the evening news that Bouhlel was “one way or another” linked to radical Islam. “Yes, it is a terrorist act and we shall see what links there are with terrorist organizations.” Yet despite numerous French officials from President Francois Hollande down describing it as a terrorist attack, by nightfall on Friday officials still had not disclosed any direct evidence linking Bouhlel with extremists. Interior Minister Bernard Cazeneuve, asked if he could confirm the attacker’s motives were linked to jihadism, said: “No. ... We have an individual who was not known to intelligence services for activities linked to jihadism.” Related CoverageTwitter, Facebook move quickly to stem celebrations of Nice attackShock in Tunisian hometown of Nice attackerSee more stories A U.S. official familiar with Washington’s assessment said the attack was thought to have been carried out by a “lone wolf” inspired but not directed by Islamic State. The former top terrorism investigator for the French judicial system said that while the attack fits the profile of the kind undertaken by militant groups, the available evidence suggests the attacker had no evident connection with militant organizations or ideology. Jean-Louis Bruguiere, formerly the top Paris-based investigative magistrate handling terrorism-related cases, told Reuters no French or European intelligence or security agency had any trace on the suspect and no evidence has surfaced to connect him to any militant group or other suspects or even to casual contact with militant literature or propaganda. He said so far there is no evidence Bouhlel had any association with any religious group or faction but that there was evidence he was estranged from his family and going through some kind of divorce. DRIED BLOOD, SMASHED STROLLERS Dawn broke on Friday with pavements smeared with dried blood. Smashed strollers, an uneaten baguette and other debris were strewn about. Small areas were screened off and what appeared to be bodies covered in blankets were visible. The truck was still where it had come to rest, its windscreen riddled with bullets. “I saw this enormous white truck go past at top speed,” said Suzy Wargniez, 65, who had watched from a cafe on the promenade. At Nice’s Pasteur hospital, medical staff were treating large numbers of injured. Waiting for friends being operated on was 20-year-old Fanny. “The truck pushed me to the side. When I opened my eyes I saw faces I didn’t know and started asking for help,” she told Reuters. “Some of my friends were not so lucky. They are having operations as we speak.” Neighbors in the neighborhood in northern Nice where Bouhlel lived described him as handsome but an unsettling presence. “I would say he was someone who was pleasing to women,” said neighbor Hanan, standing in the lobby of the apartment building where Bouhlel lived. “But he was frightening. He didn’t have a frightening face, but ... a look. He would stare at the children a lot.” Slideshow ( 26 images ) Bouhlel’s Tunisian home town Msaken is about 10 km (six miles) outside the coastal city of Sousse, where a gunman killed 38 people, mostly British holidaymakers, on a beach a year ago. Many people from the area have moved to France, including Nice, and money they send back has made it comparatively prosperous. A former neighbor in Msaken told Reuters Bouhlel had left for France in 2005 after getting married, and had worked as a driver. Relatives and neighbors in Msaken said Bouhlel was sporty and had shown no sign of being radicalized, including when he last returned for the wedding of a sister four years ago. A nephew, Ibrahim, said he had called three days ago saying he was preparing a trip back for a family party. Bouhlel’s brother, Jabeur, said he doubted his sibling was the attacker. “Why would my brother do something like this?” he told Reuters, adding: “We’ve been calling him since yesterday evening but he’s not responding.” Slideshow ( 26 images ) GRITTY METROPOLIS Nice, a city of 350,000, has a history as a flamboyant aristocratic resort but is also a gritty metropolis, where Islamist radicalism has brewed, away from the scenic streets of its old town. It and the surrounding Alpes-Maritimes region, with a population of just over a million, are thought to have produced as many as 10 percent of the French citizens who have traveled to wage jihad in the Middle East. After Thursday’s attack, a state of emergency imposed across France after the November attacks in Paris was extended by three months and military and police reservists were to be called up. “France is filled with sadness by this new tragedy,” Hollande said in a dawn address that called it an act of terrorism. Nice-Matin journalist Damien Allemand had been watching the firework display when the truck tore by. After taking cover in a cafe, he wrote on his paper’s website of what he saw: “Bodies every five meters, limbs ... Blood. Groans.” “The beach attendants were first on the scene. They brought water for the injured and towels, which they placed on those for whom there was no more hope.” Police carried out a controlled explosion on a white van near the home, blowing the doors open and leaving shattered glass all around. It was not clear what they found. CRITICISM With presidential and parliamentary elections less than a year away, French opposition politicians seized on what they described as security failings that made it possible for the truck to career 2 km (1.5 miles) through large crowds before it was finally halted. Christian Estrosi, a security hardliner who was mayor of Nice until last month and is now president of the wider Riviera region, had written on the eve of the attack to Hollande to demand more funding for police. “As far as I’m concerned, I demand answers, and not the usual stuff,” Estrosi told BFM TV hours after the attack, questioning whether the government had provided enough national police officers for the fireworks display. France is a major part of a U.S.-led mission conducting air strikes and special forces operations against Islamic State in Iraq and Syria, and has also sent troops to West Africa to battle Islamist insurgents. “We will further strengthen our actions in Syria and Iraq,” Hollande said, calling the tragedy - on the day France marks the 1789 revolutionary storming of the Bastille prison in Paris - an attack on liberty by fanatics who despised human rights. “We are facing a battle that will be long because facing us is an enemy that wants to continue to strike all people and all countries that have values like ours,” he said. France is home to the European Union’s biggest Muslim population, mostly descended from immigrants from North African former colonies. It maintains a secular culture that allows no place for religion in schools and civic life, which supporters say encourages a common French identity but critics say contributes to alienation in some communities. The Paris attack in November was the bloodiest among a number in France and Belgium in the past two years. On Sunday, a weary nation had breathed a sigh of relief that the month-long Euro 2016 soccer tournament had ended without serious incident. Four months ago, Belgian Islamists linked to the Paris attackers killed 32 people in Brussels. Recent weeks have also seen major attacks in Bangladesh, Turkey and Iraq. U.S. President Barack Obama condemned what he said “appears to be a horrific terrorist attack”. In televised remarks he later said the United States would stand with France and keep up the fight against Islamic State: “We will not be deterred. We will not relent.” On social media, Islamic State supporters celebrated the high death toll and posted a series of images, one showing a beach purporting to be that of Nice with white stones arranged to read “IS is here to stay” in Arabic. Additional reporting by Matthias Blamont, Maya Nikolaeva, Michel Rose, Bate Felix, Brian Love, and John Irish in Paris, Alastair Macdonald in Brussels, Omar Fahmy in Cairo, Tarek Amara in Msaken, Tunisia and Andreas Rinke in Ulaanbaatar; Writing by Alastair Macdonald, Andrew Callus, David Stamp and Peter Graff; Editing by Sonya Hepinstall, Pravin Char and Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-drones/france-trains-eagles-to-down-drones-idUSKBN13D1Y9
France trains eagles to down drones
France trains eagles to down drones By Marine Pennetier2 Min Read PARIS (Reuters) - In a battle between ancient arts and modern technology, France’s army is teaching birds of prey to bring down remote-controlled drones when they enter no-go urban airspace. Four golden eagles are getting military training for combat against battery-charged drones that just about anybody can buy in a local store, and fly into security-sensitive zones such as presidential palaces, wittingly or not. “These eagles can spot the drones several thousand meters (yards) away and neutralize them,” Jean-Christophe Zimmerman, a French air force general, told reporters. The idea, he says, was inspired by Dutch police trials. The millennium-old art of falconry has an advantage over gun use, he said, in cases where large crowds are present, such as during annual street parades where thousands turn out to see fireworks shows or the country’s president on July 14, a national holiday. In theory, the birds can grab or at least halt a drone, many of which are now sold in toy shops or stores for enthusiasts of remote-control objects - or would-be militants looking for a way to drop explosives from afar. The eagles reduce the risk posed by use of bullets in crowded zone, said Zimmerman. To prepare them, the baby eagles were placed before birth on top of drones while still inside the eggshell and, after hatching, kept them there during their early feeding period. Drone flights over the Elysee presidential place in early 2015 and a sensitive military site in the western region of Brittany raised alarm bells last year, prompting adoption of legislation which restricts usage in urban areas and obliges users to notify their existence to the authorities. The GFK consumer-measurement institute says some 300,000 such drones were sold in France last year alone. Writing by Brian Love; Editing by Richard BalmforthOur Standards: The Thomson Reuters Trust Principles.
e5ba1bdf847c6597ab9eb4583d8e27cc
https://www.reuters.com/article/us-france-economy-cenbank/french-central-bank-trims-economic-outlook-idUSKBN28O0K1
French central bank trims economic outlook
French central bank trims economic outlook By Reuters Staff2 Min Read Slideshow ( 2 images ) PARIS (Reuters) - The French economy will rebound next year as coronavirus restrictions are lifted although not as fast as previously expected, the central bank forecast on Monday. After contracting about 9% this year, the euro zone’s second biggest economy will post growth around 5% in 2021 and 2022 before easing to slightly more than 2% in 2023, the Bank of France forecast in its quarterly outlook. The rebound has been knocked back after a second lockdown had to be imposed at the end October following a new outbreak of infections which is gradually coming under control. Prior to the second wave, the bank had forecast in September a contraction of 8.7% this year and growth of 7.4% in 2021 and 3% in 2022. The French economy would not return to pre-crisis levels of output until mid-2022, it said, whereas that had previously been expected early next year. Despite the anticipated rebound, the unemployment rate is expected to keep rising to 11% in the first half of 2021 before falling to 9% by the end of 2023. Drawing on the findings of its monthly business climate poll, the central bank said the economy was operating down 8% of normal levels in December, which meant output would contract 4% in the fourth quarter from the previous quarter. Reporting by Leigh Thomas; Editing by Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.
a90f8edf770d3e9de2eb38df6ff4984a
https://www.reuters.com/article/us-france-economy-pmi/french-service-activity-plummets-in-december-as-unrest-bites-pmi-idUKKCN1OY0N5?edition-redirect=uk
French service activity plummets in December as unrest bites -PMI
French service activity plummets in December as unrest bites -PMI By Reuters Staff2 Min Read A protester holding a French flag takes part in a demonstration by the "yellow vests" movement on the Champs Elysees near the Arc de Triomphe in Paris, France, December 29, 2018. REUTERS/Christian Hartmann PARIS, Jan 4 (Reuters) - French services activity fell more than previously thought last month, retreating at the fastest pace in more than four years during a period of violent anti-government protests, a monthly survey showed on Friday. Data compiler IHS Markit said its purchasing managers index for services plunged in December to 49.0 from 55.1 in November, worse than a preliminary reading of 49.6. The index dropped through the 50-point threshold dividing expansion from contraction, to its lowest level since November 2014. The weakness in France’s dominant service sector weighed on overall business activity, with IHS Markit’s overall PMI index also dropping more than flagged in a preliminary reading. The overall PMI index, which includes services and already published figures for manufacturing, fell to 48.7 from 54.2 in November, worse than the 49.3 originally reported. France has witnessed some of the worst street violence in decades during grassroots protests that initially targeted fuel hikes in mid-November, causing some business to board up windows during the peak pre-Christmas holiday season. Named after the yellow high-visibility vests French drivers are required to keep in their cars, the ‘gilets jaunes’ protests have snowballed into a broader anti-government movement against the high cost of living and President Emmanuel Macron’s pro-business reform drive. “The protests added to the growing list of problems faced by Emmanuel Macron,” IHS Markit economist Eliot Kerr said. “The unexpected downturn due to the social unrest represents significant downside risk to Q4 growth prospects.” The INSEE official statistics offices forecast last month that the economy eked out growth of only 0.2 percent in the final quarter of 2018 as confidence in the retail sector nosedived. Reporting by Leigh Thomas; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.
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https://www.reuters.com/article/us-france-economy-tech/time-running-out-to-get-off-amazons-addictive-cloud-french-minister-warns-idUKKBN1WU2BY?edition-redirect=uk
Time running out to get off Amazon's addictive cloud French minister warns
Time running out to get off Amazon's addictive cloud French minister warns By Mathieu Rosemain3 Min Read PARIS (Reuters) - Amazon's AMZN.O cloud computing is like a "soft drug", a French minister said on Tuesday, warning that time was running out for Europe to wean itself off the U.S. company's services. FILE PHOTO: The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018. REUTERS/Ivan Alvarado Amazon Web Services (AWS) has become the leading provider of data storage in just a few years, raising concerns in Europe that the group could let U.S. intelligence agencies access corporate data under the U.S CLOUD Act of 2018. “AWS is a soft drug. The more you take it, the more you like it, so ... weaning yourself off it seems complicated to me,” French junior economy minister Agnes Pannier-Runacher told Reuters, pointing out its global reach and affordable prices. A spokeswoman for AWS had no immediate comment to make on the minister’s comments when contacted by Reuters. AWS says on its website that it is aware that its customers “care deeply about privacy and data security”. “We also implement responsible and sophisticated technical and physical controls that are designed to prevent unauthorized access to or disclosure of (customer’s) content,” AWS adds. AWS is tapping into the fast-growing migration of data from in-house servers to external data centers and now controls a third of the global market, Synergy Research group says. It is followed by Microsoft MSFT.O with 16% of the market and Alphabet's Google GOOGL.O with 7.8%. SOVEREIGN CLOUD Previous French government-supported attempts to build a so-called “sovereign” cloud to store the most sensitive data held by companies and states failed. Pannier-Runacher, a former executive at auto equipment maker Faurecia EPED.PA, said that Amazon's potential market dominance could eventually push it to increase its prices. And time is running out to come up with a proper alternative solution to safeguard companies’ margins and Europe’s control over its data, Pannier-Runacher said. “What I’m telling my European friends is that if in 24 months’ time we’re not able find alternatives, there’s real risk of a loss of sovereignty,” she said. “This is what I’m hearing from experts, including French people in Silicon Valley, who underline how worrisome this situation is.” Finance Minister Bruno Le Maire this year enlisted French tech companies Dassault Systemes DAST.PA and OVH to come up with plans to break the dominance of U.S. cloud computing. Two consortia, one led by French telecoms group and former monopoly Orange ORAN.PA, the other by rival SFR ATCA.AS, tried to develop an alternative to U.S. services at a total investment cost of 450 million euros. But they did not gain any significant ground and Orange’s solution is poised to cease activity by the end of January 2020. The migration of data shows no sign of abating, however, with worldwide spending on public cloud services and infrastructure forecast to more than double by 2023 to $500 billion, market research firm IDC says. Additional reporting by Michel Rose, Leigh Thomas, Sarah White and Gwenaelle Barzic; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
6ea5db68aacd8d53c542501c9d9e4af4
https://www.reuters.com/article/us-france-edf/france-could-shut-next-two-nuclear-reactors-sooner-than-expected-idUSKBN1ZK0RL
France could shut next two nuclear reactors sooner than expected
France could shut next two nuclear reactors sooner than expected By Reuters Staff2 Min Read FILE PHOTO - A general view shows France's oldest Electricite de France (EDF) nuclear power station, outside the eastern French village of Fessenheim, France, January 19, 2018. REUTERS/Vincent Kessler PARIS (Reuters) - France could shut down its next two nuclear reactors in 2025-2026 if market conditions are right, earlier than expected as it presses ahead with plans to close 14 reactors by 2035, a government consultation document showed on Tuesday. Nuclear-dependent France aims to reduce the share of atomic power in its electricity generation to 50% by 2035 from 75% currently. France’s oldest two reactors at the Fessenheim nuclear plant will stop production in February and June this year. The next closures had been expected in 2027-2028. “If certain conditions relating to electricity prices and the evolution of the European electricity market are met, the closure of two additional reactors could happen in 2025-2026,” the public consultation document on energy policy said. It added the decision on the early shutdowns would be made in 2023. State-controlled utility EDF EDF.PA, which operates France's 58 nuclear reactors, has proposed to the government that it studies the shutdown of pairs of reactors at its Blayais, Bugey, Chinon, Cruas, Dampierre, Gravelines and Tricastin plants as part of the nuclear phase out. Reporting by Bate Felix; Writing by Matthieu Protard; Editing by Louise Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
3234afcf8b8edbcf767a4d08291e8df8
https://www.reuters.com/article/us-france-eiffel-queues/lift-switch-heatwave-eiffel-tower-queue-frustration-idUSKBN1KL2L1
Lift switch + heatwave = Eiffel Tower queue frustration
Lift switch + heatwave = Eiffel Tower queue frustration By Jack Hunter2 Min Read PARIS (Reuters) - A change in who gets to use the Eiffel Tower’s elevators has stranded frustrated tourists in long queues at the Paris landmark during a heatwave in the French capital. Slideshow ( 2 images ) Management of the 324-metre (1,063-foot) tower decided this month to dedicate one elevator for those who book tickets in advance and leave only one for those who turn up on the day, rather than both as before. Sightseers who arrive without tickets have had to join queues that snake all the way around the base of the monument. Some said they had waited for up to three hours, annoyed that few people were lining up for the other elevator. Temperatures in the city have hit 38 degrees Celsius (100 Fahrenheit), leaving sweltering adults and children desperate for bottled water in the queue. “It’s too long!” Burty Surette, 37, an electrician visiting from Mauritius said. “I was expecting the wait to be long but not this long. “There should be two elevators for people arriving without tickets. With the number of people that are coming to visit, one is not sufficient.” Pat Murphy, a 66-year-old retired automotive worker from Ohio, disliked the idea of having to book three months in advance for a particular day. “You don’t know if it’s going to rain,” he said. A spokeswoman for the Eiffel tower played down suggestions the new system had caused extra queues saying there always large numbers of visitors to the monument, particularly in summer. Workers at the tower have threatened to strike over what they call the “monstrous” new system. Negotiations are underway between the tower’s management and the CGT union, with a decision expected on Wednesday. “I can understand the workers saying this is insane - people are getting mad ...so I’d join them on strike,” said Murphy. More than 40 million tourists visited Paris last year, the highest on record, with over 6 million going up the Eiffel Tower, the most popular site in the city. Editing by Luke Baker and David StampOur Standards: The Thomson Reuters Trust Principles.