Tuesday, May 5

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IOC has no problem working with Donald Trump
World News

IOC has no problem working with Donald Trump

Donald Trump. Photo: AFP / Jim Watson The International Olympic Committee has no concerns over working with Donald Trump and his incoming administration on the Los Angeles 2028 Summer Olympics given the President-elect's continued support of those Games, IOC President Thomas Bach said. The Los Angeles Olympics were awarded in 2017 when Trump was president following his first election victory. Trump also met Bach at the White House in 2017 shortly before the Games were awarded to Los Angeles. While the LA Games do not depend on federal funding like most other Olympics, as the project is privately funded, the federal government plays a key role in providing security, transport and travel assistance amongst other areas of support for the event. "It is in the best hands of the United State...
UnitedHealthcare CEO suspect may have taken bus to New York
Business

UnitedHealthcare CEO suspect may have taken bus to New York

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDPolice investigating Wednesday's fatal shooting of UnitedHealthcare CEO Brian Thompson now believe the man wanted in connection with the killing traveled to New York City on a Greyhound bus from Atlanta two weeks ago, NBC News reported Thursday night.Investigators are trying to find a name for the unidentified suspect from ticket purchases for the trip, which ended in New York at around 9 p.m. ET on Nov. 24.That arrival date was two days before UnitedHealth Group, the parent of UnitedHealthcare, announced that it would hold its annual investor conference in New York on Dec. 4 — the same day that a masked gunman killed the 50-year-old CEO Thompson as he was about to walk into that event in the...
Pakistan’s Imran Khan indicted on charges of inciting attacks against military
World News

Pakistan’s Imran Khan indicted on charges of inciting attacks against military

By Asif Shahzad, Reuters A supporter of Pakistan Tehreek-e-Insaf (PTI) party and jailed former prime minister Imran Khan holds a placard during a protest rally in Sydney. Photo: Saeed KHAN / AFP Khan pleads not guilty to terrorism charges His party says it will challenge the indictment Arrest warrants issued for Khan's wife Charges linked to unprecedented attacks against military Pakistan's former Prime Minister Imran Khan was indicted on Thursday on charges of inciting attacks against the military, a case stemming from deadly anti-government rallies led by his party last year. The indictment was the latest in dozens of cases against the 72-year-old former cricket star turned politician, who has been in jail since late last year. It came hours after a court issued warrants ...
Dollar General tests same-day delivery as discounter chases Walmart
Business

Dollar General tests same-day delivery as discounter chases Walmart

The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty ImagesDollar General is testing same-day delivery to customers' homes as the deep discounter tries to fend off fiercer competition with Walmart.On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer "soft launched" the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. It is offered through a third-party company, which he did not name."We've always said here, 'We're going to do delivery our way when it's time,'" Vasos said. "We believe it's time."He said the company expects it will ultimately expand the offering to "thousands of stores."With same-day delivery, the Tennessee-based dollar store is acknowledging the pressu...
How the UnitedHealthcare CEO shooting unfolded
World News

How the UnitedHealthcare CEO shooting unfolded

By Lauren Mascarenhas and Annette Choi, CNN Two photos released by NYPD show the unidentified shooter of UnitedHealthcare CEO Brian Thompson Photo: NYPD via CNN A manhunt is underway for the man who fatally shot UnitedHealthcare CEO Brian Thompson Wednesday morning, in what police believe was a targeted attack. The gunman shot Thompson outside a hotel in Midtown Manhattan before fleeing through the city. Police are using video surveillance to piece together the suspect's movements before and after the shooting Wednesday. Here's a visual timeline of the alleged gunman's movements before, during and after the shooting: Brian Thompson was the CEO of the largest US health insurer, UnitedHealthcare. Photo: LinkedIn / Supplied Key moments so far 6.15am - Wednesday, 4 December A surve...
Repeat after me one more time: Ticketmaster does not set the price of concert tickets – National
Entertainment, Movies

Repeat after me one more time: Ticketmaster does not set the price of concert tickets – National

It happened twice in the last couple of weeks. The first time, it was a guest column in The Globe and Mail entitled “I fought Ticketmaster, and Ticketmaster won.” Over the next 869 words, the writer bemoaned the difficulties she had getting tickets to hot shows by Taylor Swift, Bad Bunny, and Beyonce.All the gigs were sold out. In other words, there were more bums than seats for these shows. With demand sky-high, the price of tickets on the secondary market followed suit following the laws of supply and demand. We deal with that basic of capitalism every single day.The author also spelled out a litany of grievances against Ticketmaster: The bait-and-switch of dynamic prices; allegations (still not tested in court) of the company colluding with scalpers; alleged pressure on small venues to ...
RBI keeps rates steady, revises down GDP growth forecast 2025 fiscal year
Business

RBI keeps rates steady, revises down GDP growth forecast 2025 fiscal year

Signage for the Reserve Bank of India (RBI) in Mumbai, India, on Friday, April 5, 2024. Dhiraj Singh | Bloomberg | Getty ImagesIndia's central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia's third-largest economy.The decision came in line with economists' expectation in a Reuters poll, as India's consumer prices inflation surged to a 14-month high of 6.21% in October, significantly higher than the central bank's target of 4% and also above its tolerance ceiling of 6%.Reserve Bank of India Governor Shaktikanta Das said the central bank had revised India's GDP growth outlook for fiscal year 2025 down to 6.6% — RBI had forecast 7.2% growth in October — adding that the slowdown in the dom...
Manhunt underway in New York for killer of UnitedHealth’s Brian Thompson
World News

Manhunt underway in New York for killer of UnitedHealth’s Brian Thompson

By Rich McKay and Luc Cohen, Reuters Police said the gunman arrived outside the hotel several minutes before Brian Thompson and waited for him to walk past. Photo: NYPD via CNN New York City police were searching for the man who killed UnitedHealth executive Brian Thompson in a brazen attack outside a Midtown Manhattan hotel before fleeing into Central Park. Thompson, the CEO of UnitedHealth's insurance unit, was was shot from behind on Thursday in what police described as a targeted attack by a masked assailant lying in wait. It came just before the company's annual investor conference at the Hilton on Sixth Avenue. The words "deny," "defend" and "depose" were carved into the shell casings found at the scene, police sources told ABC and the New York Post. Reuters has not independent...
UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive
Business

UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesDivided between two takeover courtships, UniCredit's Andrea Orcel still has room to sweeten his bid for Italy's Banco BPM, analysts say, while political turmoil stalls a deal with Germany's Commerzbank. Once a key architect in the controversial 2007 takeover and later break-up of Dutch bank ABN Amro, Orcel revisited his ambitions for cross-border consolidation with the September announcement of a surprise stake build in Commerzbank. Until recently, the latter had been the subject of speculation as a potential merger partner for Germany's largest lender, Deutsche Bank.Amid resistance from the German government — and turbulence in Chancellor Olaf Scholz's ruling ...
South Korea’s President Yoon must be suspended, ruling party leader says
World News

South Korea’s President Yoon must be suspended, ruling party leader says

By Hyunsu Yim and Ju-min Park, Reuters A television screen shows South Korea's President Yoon Suk Yeol announcing the lifting of martial law, in Seoul, South Korea on December 4, 2024, hours after Yoon imposed it. Photo: YONHAP / AFP South Korea's ruling party leader says President Yoon Suk Yeol needs to be removed from power for trying to impose martial law, as the government denied reports that it was preparing to issue another martial law declaration. Yoon shocked the nation and his own ruling People Power Party on Tuesday when he gave the military sweeping emergency powers in order to root out what he called "anti-state forces" and overcome obstructionist political opponents. He rescinded the declaration about six hours later after parliament, including some members of his party,...