Reuters reported that Britain placed another hurdle in the way of Microsoft’s $69-billion mega purchase of “Call of Duty” maker, Activision Blizzard, saying it could harm gamers by weakening the rivalry between Xbox and Sony’s PlayStation. |
News
Police offer $50,000 reward for suspects in Alabama shooting
Police are offering a $50,000 (£37,400) reward for any information that leads to an arrest as the hunt continues for a group of attackers after a deadly shooting in the US city of Birmingham, Alabama.
Four people were killed and 17 others were injured in the shooting on Saturday night.
On Monday morning, officials said they were still searching for a suspect, sifting through many tips received from the public.
Investigators have described the attack as a “hit” that involved multiple gunmen who appeared to target a specific individual.
Here is everything we know about the incident so far.
What happened?
The attack unfolded just after 23:00 local time (05:00 BST) around Magnolia Avenue South, in the Five Points South nightlife district. Local media said it happened as patrons queued to enter a hookah and cigar lounge.
The shooting was characterised by Scott Thurmond, the Birmingham police chief, as “targeted” rather than a random incident.
A number of attackers are alleged to have got out of a vehicle and opened fire on a crowd in a public area before fleeing the scene.
They are alleged to have used “machine gun conversion devices”. Investigators say they have collected about 100 shell casings from the scene, among other evidence.
Birmingham Mayor Randall Woodfin blamed “Glock switches” – devices that can be attached to handguns to make them fire automatically – and described these as the “number one public safety issue” in the area.
The hookah lounge, Hush, said it was “heartbroken” that its customers were caught up in the incident – which it stressed had nothing to do with the venue itself.
Who was killed and injured?
A woman and three men who were killed have been named by Birmingham police, who said the victims were local to the area:
- Anitra Holloman, 21, from Bessemer
- Tahj Booker, 27, from Birmingham
- Carlos McCain, 27, from Birmingham
- Roderick Lynn Patterson Jr, 26, also from Birmingham
Holloman, Booker and McCain were pronounced dead at the scene by emergency officials. Patterson Jr died after being taken to hospital.
The person targeted in the “hit” was thought to be among those killed, Mr Thurmond said, without specifying who that individual was.
The police chief said investigators had received information to suggest that “someone was willing to pay money to have that person killed”.
Police say they believe the attack was targeted because several of the victims had extensive criminal histories.
Officials say 17 others were injured, revising down an earlier figure of 18. Their wounds varied in severity, some of them being life-threatening. Many were taken to hospital. Five people were still in the hospital on Monday, according to authorities.
A 24-year-old man, Gabriel Eslami, told local news outlet Al.com he had been shot in the buttocks as he queued for the Hush lounge, and was hospitalised himself.
He described seeing “blood everywhere” and the sight of “people’s bodies laid out on the pavement”.
What is known about the attackers?
No arrests have been made.
A search continues for the culprits, and little is known about them.
Police believe, however, that the incident may stem from a murder-for-hire plot.
Other agencies have been helping with the investigation: the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and the FBI.
What is the bigger picture?
The bloodshed comes amid a spate of gun violence in Birmingham.
A further shooting on Sunday evening in the Alabama city resulted in another person being killed and at least one other injured. Police told local media they were not ruling out a connection with the previous night’s incident.
There have been more than 400 mass shootings across the US so far this year, according to the Gun Violence Archive, which defines a mass shooting as an incident in which four or more people are injured or killed.
The incident in Birmingham is the second mass shooting to place in the city in a two-month period, and the third quadruple homicide of 2024.
In July, another nightclub shooting left four people dead and 10 injured, while in February for men were gunned down outside a public library.
News
Why China’s economic slowdown is unlikely to affect US inflation
Unlimited Co-founder, CEO, and chief investment officer Bob Elliott joins Josh Lipton and Madison Mills on Market Domination after last week’s rate cut to discuss some of the top stories of the day, including concerns about the Chinese economy and rising gold prices, breaking down what investors need to know.
Elliot tells investors the state of China’s economy is “not likely to have a meaningful impact on US inflation numbers ahead; when it comes to growth, the US economy is pretty insulated from Chinese growth and not likely to have much of an impact.”
In regard to the impact on oil prices, Elliot says, “We’re really in this range here on oil (CL=F) where we’re not likely to see meaningfully more elevated oil prices, nor meaningfully lower oil prices ahead. And so, what’s going to really determine what’s going on with the inflation and growth picture in the United States? It’s really going to be about what’s happening with labor. As well as shelter costs and goods prices that are not particularly connected to oil prices, like used and new cars.”
As gold (GC=F)prices reach record highs, Elliot says “The rise in gold prices is really a good indication that the Fed is likely pursuing a policy that’s too accommodative relative to conditions. And, while there’s been a good bid, particularly from US investors in the bond market, what we see is, you know, big global holders of US bonds trying everything they can to lower their allocation to bonds and increase their allocation to gold. And the Fed’s policy here only reinforces that trend.”
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Naomi Buchanan.
Business
Britain takes aim at Microsoft’s $69 billion ‘Call of Duty’ deal
Deals
08 February 2023, 7:21 pm 1 minute
Market Impact
The biggest-ever deal in gaming could result in higher prices, fewer choices, and less innovation for millions of players, as well as stifling competition in cloud gaming. Shares in Activision were down 3% in early trading in New York. Microsoft, which announced an AI-driven revamp of its search capabilities on Tuesday, was up 2.4%.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: EuropeNorth America
Countries: EnglandUnited States
Win Types: Overall Coverage
Story Types: Spot News
Media Types: Text
Customer Impact: Major Global Story
News
Violence Against Women in Colombia
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Violence against women and girls continues to be a major problem in Colombia, with femicides and other forms of gender-based violence occurring across the country. Through the media outlet Pilas, Ana Sofia Cortes Parra dives into the untold and underreported stories of femicide in Colombia in “Se Ampliará la Línea de Atención para Víctimas de Violencia de Género en Colombia,” published in February 2024.
Many Colombian women have been victims of abuse, discrimination, and femicide because of a sexist and patriarchal society. Despite this, there is little recognition of this crisis in Colombia. The number of victims has not received much coverage by the corporate media and the public has been kept poorly informed as a result.
However, in February 2024, Colombia’s Vice President and Minister of Equality and Equity, Francia Márquez, announced new measures to address this crisis. These measures include the expansion of the hotline for victims of gender-based violence and the establishment of a psychosocial hotline for men who are potential aggressors. These measures to combat gender-based violence provide much-needed resources to women in need, and, ultimately, could save lives. But the need for further changes remains acute.
In 2023 alone “154 femicides were recorded in the region,” Parra reported. Francia Márquez states that this region is where “the ‘Government of Change’ is committed to guaranteeing women’s rights” by improving living conditions and preventing murders. The “Government of Change” calls on men to take responsibility and respect women’s dignity and rights. The Ministry of Equality and Equity has spent $32.4 billion pesos (about $100 per person, in US dollars) on a new program to address violence against women.
Previous programs have attempted to prevent ongoing violence. The “Inter-American Convention on the Prevention, Punishment, and Eradication of Violence against Women” was ratified by the State of Colombia in 1995. This program identified three types of violence against women: physical, sexual, and psychological violence.
Beyond Colombia, violence against women has been declared a global health problem. However, there has been sporadic corporate media coverage in the United States, such as an April 2023 CNN report of an attack on a women’s rights activist, a report which mentions femicide in Colombia. A non-corporate source of reporting on this issue is UN Women Colombia, which is a United Nations organization dedicated to promoting gender equality and women’s empowerment.
The Guardian has reported on this issue, but we note that it is a left-leaning source based in Great Britain, and the article was published in January 2021, more than three years prior to the PILAS article. Violence against women in Colombia has been under-reported in the U.S., especially given the large number of Colombians or people with Colombian origins living in the United States.
Source: Ana Sofía Cortes Parra, “Se ampliará la línea de atención para víctimas de violencia de género en Colombia,” PILAS, February 20, 2024.
Student Researchers: Diana Rodriguez, Gianna Demo, Henry Bendickson, and Sean Carroll (College of St. Benedict and Saint John’s University)
Faculty Evaluator: Professor Bruce Campbell (College of Saint Benedict and Saint John’s University)
Business
Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024
Business & Finance
24 July 2024, 9:31 am 1 minute
Reuters exclusively reported that Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year. Lineage priced just under 57 million shares in New York at $78 apiece, the upper end of its indicated range of $70 to $82.
Market Impact
The $4.45 billion IPO values Lineage at more than $18 billion and is the biggest since chip designer Arm’s $4.87 billion offering last September.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
News
Birmingham Mass Shooting. Here’s What We Know
Authorities are offering a reward of up to $100,000 in exchange for more information about multiple shooters who opened fire in Birmingham, Alabama, over the weekend in a mass shooting that left four people dead and 17 others injured.
The shooting took place on Saturday night in Birmingham’s Five Point South neighborhood when officers responded to reports of shots fired and found multiple victims. Five of the 17 injured still remain in the hospital as of Monday, according to authorities.
Birmingham Police Chief Scott said some of the deceased have “extensive criminal histories” and “because of that, there’s often times motivation from others and there’s people who are willing to pay to have them killed.”
Authorities theorize that the shooters initially sought to harm one person, but bystanders were also injured. The FBI and Crime Stoppers are each offering $50,000 for tips that lead to an arrest or conviction of those involved. “If you, or you know someone, who has information about those involved in Saturday’s mass shooting, know that you can remain anonymous,” FBI Birmingham Special Agent in Charge Carlton Peeples said at the news conference.
There are currently no suspects in custody.
What happened?
Officers first received calls alerting them to the shooting at Five Points South, an entertainment district in the city, around 11 p.m Saturday, Birmingham police officer Truman Fitzgerald said during Monday’s press conference. Sources on scene say that multiple people pulled up in a vehicle, got out, and shot the victims before fleeing the site in the same vehicle. Investigators said during Sunday’s press release that they believe that shooters used gun conversion devices, or illegal items that can be applied to firearms to turn them into fully automatic weapons that discharge all bullets in seconds.
More than 100 shell casings were found at the shooting site, according to Thurmond.
Officers say that when they arrived they found several victims, three of which were “unresponsive” —two men and one woman—that were later declared dead, according to authorities. A fourth victim was transported to the hospital, where they later died.
Who are the victims?
The victims include: Anitra Holloman, 21; Roderick Lynn Patterson Jr., 26; Tahj Booker, 27; and Carlos McCain, 27.
So far in 2024, there have been 404 mass shootings in the U.S., per the Gun Violence Archive. U.S. Surgeon General Dr. Vivek Murthy declared firearm violence a public health crisis in June.
Business
KKR wins EU approval for Telecom Italia deal
Deals
24 May 2024, 2:27 pm 1 minute
Reuters exclusively reported that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The story was later confirmed by the European Commission. The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid.
Market Impact
The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Telecommunications
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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