Author: Press Room
© Reuters. A man walks past a pollution pod designed to mimic the air quality in New Delhi, during the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 4, 2023. REUTERS/Thaier Al-Sudani/File photo By Valerie Volcovici, Kate Abnett and Jake Spring DUBAI (Reuters) – Negotiations for a climate deal spilled into overtime at the COP28 summit in Dubai on Wednesday, as nearly 200 countries sought to bridge divisions on the future role of fossil fuels — by far the most contentious issue. Where the two-week conference lands on the issue will send a powerful message to…
JHVEPhoto Albertsons (NYSE:ACI) fell almost 1%, at least partly amid a report that several U.S. lawmakers are urging the Federal Trade Commission to block Kroger’s (NYSE:KR) planned $25 billion purchase of the supermarket chain. Senators Elizabeth Warren (D-MA), Mazie Hirono (D-HI), Bernie Sanders (I-VT), Cory Booker (D-NJ), and representatives Summer Lee (D-PA) and Alexandria Ocasio-Cortez (D-NY) said Kroger’s (KR) plan to divest 413 stores to C&S Wholesale Grocers wouldn’t address harms to consumers, workers and the grocery industry, according to a letter the lawmakers wrote to the FTC. “A Kroger-Albertsons merger would net the five largest food retail companies control…
The University of Pennsylvania has announced a new interim president on Tuesday, after Liz Magill resigned on Saturday.Dr. J. Larry Jameson will serve as the interim president of the university, UPenn announced Tuesday. Previously, Jameson was dean of the university’s medical school. Magill resigned following criticism stemming from her appearance at a congressional hearing, where she failed to say if calls for the genocide of Jews would violate university policy.CLICK HERE TO GET THE FOX NEWS APP The University of Pennsylvania in Philadelphia (Hannah Beier/Bloomberg via Getty Images/File)”I write to share that J. Larry Jameson, MD, Ph.D., has graciously agreed to…
Human-resource leaders at enterprise companies are expected to tend to the concerns of a large internal workforce while recruiting, screening, and hiring top-tier talent.The workload has HR leaders reporting high levels of stress. Workvivo, a workplace-communication platform, surveyed more than 520 HR professionals in the US and the UK in 2022, and 98% of them reported feeling burned out within the past six months.We asked three HR experts for their advice on how their peers can manage the pressure of hiring top talent and how businesses can better support their HR staff.Navigating the challenges of attracting talent at a large…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UN climate summit was locked in eleventh-hour negotiations on Tuesday after the majority of countries present clashed with Saudi Arabia and other oil-producing nations over whether to commit to the phaseout of fossil fuels.Some negotiators said that about 80 per cent of the almost 200 countries at COP28 were seeking to strengthen draft conclusions that proposed only voluntary reductions in gas, oil and coal production and consumption.Diplomats said Riyadh was the key obstacle to a stronger declaration and was backed by…
© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2023. REUTERS/Brendan McDermid/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) – An upcoming U.S. stock options expiration that is set to be the largest on record is tamping down market swings, potentially counterbalancing any gyrations stirred by the Federal Reserve’s monetary policy announcement on Wednesday. Some $5 trillion in U.S. stock options are set to expire on Friday, according to Asym500 MRA Institutional, a unit of derivatives strategy and execution firm Macro Risk Advisors. While such…
© Reuters. Carlyle Group Eyes $4.6 Billion Exit from Acrotec in Strategic Shift Quiver Quantitative – Carlyle Group (NASDAQ:) is in the initial stages of exploring significant exit strategies for Acrotec Group, a Swiss manufacturer specializing in precision components for luxury watches and other high-tech industries. The potential valuation of Acrotec in such a transaction could reach up to 4 billion Swiss francs ($4.6 billion). Carlyle’s consideration of a sale or initial public offering (IPO) for the Develier, Switzerland-based Acrotec marks a strategic move, reflecting the private equity firm’s response to market dynamics and investment cycles. Rothschild & Co. has…
© Reuters. FILE PHOTO: The Galaxy Leader commercial ship, seized by Yemen’s Houthis last month, is seen off the coast of al-Salif, Yemen, December 5, 2023. REUTERS/Khaled Abdullah/File Photo By Jonathan Saul LONDON (Reuters) – The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they deem connected to Israel with fears of a spillover that could disrupt global supplies sailing through the region, industry sources said. Yemen’s Houthis said on Tuesday they hit a Norwegian commercial tanker with a missile in their latest protest against Israel’s invasion of Gaza, underlining…
Microsoft says new AI model can run on edge, outperforms Gemini, Llama 2
On Dec. 4, 2020, Shaye Moss, at the time an election worker in Fulton County, Ga., was summoned to her supervisor’s office, where she thought she would be getting a promotion for her hard work on Election Day, after a month of positive feedback.Instead, Ms. Moss was shown videos filled with “lies” and unfounded accusations that she and her mother, a co-worker, had tried to steal votes in the vital swing state from President Donald J. Trump, she testified in Federal District Court in Washington on Tuesday.From the moment she got that heads up, her life was altered. Soon, she…