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BusinessReutersAmbani's Viacom18 to strike deal with Blackstone for new Mumbai HQ - sources
Indian billionaire Mukesh Ambani's broadcasting unit Viacom18 is set to sign a lease deal with Blackstone-owned Nucleus Office Parks for its new headquarters in Mumbai, spread over 400,000 square feet, six sources familiar with the matter said. Viacom, which runs TV channels and digital streaming platform JioCinema, competes with the likes of Walt Disney in India.
NewsReutersEU lawmaker Benifei urges the bloc's countries to compromise on AI rules
European Union lawmaker Brando Benifei, who is leading negotiations on artificial intelligence rules, on Thursday urged EU countries to compromise in key areas in order to reach agreement with the bloc's executive by the end of the year. Benifei's call comes ahead of two more rounds of talks next month to thrash out draft rules proposed by the European Commission two years ago, which aim to set a global standard for a technology with a role in almost every industry and business. The thorniest issues are biometric surveillance and copyrighted material used by ChatGPT and other generative AI.
NewsAFP NewsConservative media mogul Rupert Murdoch hands empire to son Lachlan
Rupert Murdoch announced Thursday he will step down as chairman of his global media empire, a conservative behemoth that shaped politics across continents, and hand control over to his son Lachlan.However, under the terms of the Murdoch family trust that controls the media empire, Lachlan and James, along with sisters Elisabeth and Prudence, will have an equal vote on the business after the death of Rupert Murdoch.
PoliticsHuffPostHouse GOP Holdouts Again Stall Defense Bill, Dampen Hopes For Avoiding Shutdown
After touting progress Wednesday night, House Speaker Kevin McCarthy saw a second attempt at considering a bill to fund the Pentagon derailed by party dissidents.
PoliticsHuffPost‘Pretty Nasty’: Looks Like Trump Is Pissed At Megyn Kelly All Over Again
That didn't last long...
BusinessReutersIndia's market regulator relaxes rules for mandatory bond market borrowing
India's market regulator said on Thursday it will remove penalties on companies which were unable to meet a mandatory bond market borrowing quota. The Securities and Exchange Board of India (SEBI) had first proposed these changes last month after getting feedback from the market that borrowing from banks continues to be more cost effective compared with raising funds via bond issues. The regulator said it would grant more flexibility to large companies for incremental borrowing via bonds.
NewsAFP NewsDiplomatic challenges multiply for Zelensky
President Volodymyr Zelensky, who once enjoyed enthusiastic support from his allies in the defence of Ukraine, is encountering more diplomatic setbacks than at any point since Russia's 2022 invasion.Poland has been one of Ukraine's staunchest supporters after Russia invaded in February 2022, and is one of Kyiv's main weapons suppliers.
NewsAFP NewsAfter China, India crisis tests 'naive' Canadian diplomacy
A diplomatic crisis bogging down Ottawa and New Delhi highlights Canada's lack of "seriousness" on national security as foreign countries interfere on the North American nation’s soil, according to several experts.National security expert and former senior Canadian intelligence official Michel Juneau-Katsuya believes that Canada now finds itself "at a crossroads."
PoliticsAFP NewsZelensky warns in Washington that Ukraine will lose without US aid
Ukrainian President Volodymyr Zelensky warned Thursday as he faced Republican skeptics in the US Congress that Kyiv will lose its war against the Russian invasion if the flow of billions of dollars in aid gets cut.The United States has spearheaded Western support for Ukraine since Russian President Vladimir Putin's invasion in February 2022, with Congress approving more than $100 billion in aid to date, including $43 billion in weaponry.
BusinessReutersThailand's new PM meets Tesla chief Musk in New York
BANGKOK (Reuters) -Thailand's new Prime Minister Srettha Thavisin said on Thursday he met with Tesla chief Elon Musk in New York, where they discussed the electric vehicle industry. Thailand, Asia's fourth-largest automobile assembly hub, has been offering incentives to EV and battery makers, and tax cuts to local EV buyers, to remain a regional auto centre. Srettha, who is in New York to attend the United Nations General Assembly, said he spoke with Musk about EV manufacturer Tesla and his rocket and satellite company SpaceX, including its internet venture Starlink.
PoliticsHuffPostTrump Demands House GOP 'Defund' Criminal Cases Against Him Amid Shutdown Threat
The coup-attempting former president pressed his allies to use the "power of the purse" for his benefit as the deadline for funding the government approaches.
BusinessReutersExclusive-India's JSW Steel slows process to buy stake in Canada Teck coal unit -source
NEW DELHI (Reuters) -India's JSW Steel Ltd is slowing down the process to buy a stake in the steelmaking coal unit of Canada's Teck Resources, a source close to the discussions said, in the first sign that a diplomatic spat is affecting trade ties. Ties between India and Canada deteriorated sharply after New Delhi and Ottawa expelled each other's diplomats in a dispute over the murder of a Sikh separatist leader in the Canadian province of British Columbia in June. India on Thursday suspended visa services for Canadian citizens, a foreign ministry spokesperson said, citing security threats to its staff in its consulates in Canada.
PoliticsHuffPostGiuliani Addresses Jan. 6 Groping Allegation From Former White House Aide
The disgraced lawyer responded Wednesday on Newsmax to Cassidy Hutchinson's claims.
NewsAFP NewsKenya marks 10 years since mall massacre
Kenyan police said Thursday they had learned from their "mistakes" as the nation commemorated the 10th anniversary of a bloody siege at an upmarket shopping centre in the capital Nairobi.But Kenyan security forces came under fire over their handling of the Westgate bloodbath, with reports of chaos and confusion in the initial response as well as alleged looting of shops by soldiers sent in to battle the Islamist militants.
NewsAFP NewsDiplomatic solution in Niger 'still possible': Senegal president
Senegalese President Macky Sall said Thursday a diplomatic solution in Niger was "still possible" nearly two months after a military coup toppled its democratically elected president.Nigeria, whose president Bola Tinubu is chairman of the Economic Community of West African States (ECOWAS), is doing everything to find a solution diplomatically, Sall said.
NewsReutersChina won't stand by idly in case of German 5G restrictions - embassy
China will not stand by idly if the German government decides to restrict the use of components from Chinese firms such as Huawei and ZTE <000063.SZ> in its 5G network, the Chinese embassy in Berlin said on Thursday. Germany's interior ministry has proposed forcing telecoms operators to curb their use of equipment made by China's Huawei and ZTE after a review highlighted Germany's reliance on the two Chinese suppliers, according to a government official.
NewsHuffPostRon DeSantis Rules Out Funding COVID Boosters If He Becomes President
COVID hospitalizations are rising across the U.S., but Florida has urged people under 65 to skip the latest booster.
PoliticsHuffPostJesse Watters Insists Howard Stern Can't Possibly Be 'Woke': 'I Like Him'
The Fox News host insisted the radio veteran, who emphatically embraced the term, just "doesn’t understand what woke is."
PoliticsHuffPostWall Street Journal Gets Super Snarky In Asking Critical Question Of Trump
The conservative outlet savagely mocked the four-times-indicted Republican candidate in an editorial.
BusinessAFP NewsBank of England follows Fed in pausing rate hikes
The Bank of England left its key interest rate unchanged Thursday, snapping 14 straight hikes following a shock slowdown to UK inflation and one day after the US Federal Reserve also hit pause. Also Thursday, Sweden's Riksbank and Norway's Norges Bank each raised their key interest rates by a quarter-point.
BusinessReutersApple's Chinese supplier Luxshare's production of some iPhone 15s doubled in a year
Apple Inc's Chinese supplier Luxshare Precision Industry is producing three models of iPhone 15 series this year, and the business has doubled in a year, Luxshare's chairwoman said on Thursday. The manufacturer is also making production preparations for Apple Vision Pro, a wearable headset device that will be available early next year, chairwoman Wang Laichun told state-backed newspaper The Paper. Luxshare has increased the production types and numbers of Apple's iPhone products in recent years, Wang added.
BusinessReutersExclusive-Tesla proposes building battery storage factory in India -sources
Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two people aware of the plan said, as Elon Musk continues a push to enter the country. Tesla has been in talks about setting up a new electric vehicle (EV) factory in India to build a car priced around $24,000 for weeks, with discussions overseen directly by Prime Minister Narendra Modi. In recent meetings in New Delhi, Tesla proposed supporting the country's battery storage capabilities with its "Powerwall", a system that can store power from solar panels or the grid for use at night or during outages, said the sources who declined to be named as the matter is confidential.
BusinessReutersPoland investigates OpenAI over privacy concerns
A Polish watchdog is investigating Microsoft-backed OpenAI over a complaint that its ChatGPT chatbot breaks European Union data protection laws known as the GDPR, it said. OpenAI has already faced at least its second class action lawsuit in San Francisco federal court for allegedly breaking privacy laws. "The case concerns the violation of many provisions on the protection of personal data, so we will ask Open AI to answer a number of questions," said Jan Nowak, President of Poland's Personal Data Protection Office (UODO).
NewsAFP NewsPakistan national election to be held end January 2024
Pakistan will hold delayed national polls in January next year, the election commission announced Thursday, as the country grapples with overlapping political, economic and security crises. Pakistan is struggling through a biting economic downturn, with business leaders crying out for authorities to bring political stability to a cash-strapped nation that has seen a record devaluation of the rupee and soaring inflation.
NewsReutersICC war crimes tribunal hobbles on despite hacking
THE HAGUE (Reuters) -The Netherlands-based International Criminal Court was operating on Thursday with disruptions to email, streaming and document-sharing after a hacking incident earlier in the week, sources and lawyers at the tribunal said. It disclosed the hack on Tuesday but has given no more information as it seeks to continue core work including an ongoing trial of two men accused of leading Central African Republic militias. In March, the court issued an arrest warrant for Russian President Vladimir Putin on suspicion of illegally deporting children from Ukraine.
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