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Fox Corp to take over lender Credible Labs for $397 million

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(Reuters) - U.S.-based consumer lender Credible Labs Inc (CRD.AX) said on Monday it had agreed to be bought out by broadcaster Fox Corp (FOXA.O) for about A$585 million ($397 million). Under the terms of the deal, Credible Labs, listed on the Australian Stock Exchange, said its shareholders will receive A$2.21 in cash per CHESS depository interest (CDI), which represents A$55.25 per share of common stock in Credible. The offer of A$2.21 per CDI represents a premium…

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HSBC first-half profit rises 16%, announces $1 billion buyback

FILE PHOTO: A logo is pictured on HSBC bank in Geneva, Switzerland, August 16, 2018. REUTERS/Denis BalibouseHONG KONG/LONDON (Reuters) - HSBC (HSBA.L) reported on Monday its first-half pretax profit rose 15.9% and announced a further buyback of $1 billion, defying some analysts’ expectations it might pause its strategy of returning extra capital to investors. Europe’s biggest bank by assets reported a pretax profit for the first six months of $12.41 billion, up from $10.71 billion in the same period a year earlier. Reporting by Sumeet Chatterjee and Lawrence White; Editing by Muralikumar Anantharaman and Daniel WallisOur Standards:The Thomson Reuters Trust Principles.

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As Japan frets about dearth of AI talent, Daikin develops own program

OSAKA (Reuters) - There’s a sense of panic within Japan Inc and the government - the world’s No. 3 economy doesn’t have enough experts in artificial intelligence and it’s time to do something about it. FILE PHOTO: A Daikin Industries Ltd employee works the production line of outdoor air conditioning units at the company's Kusatsu factory in Shiga prefecture, western Japan March 20, 2015. REUTERS/Yuya Shino/File PhotoSoftBank Group Corp (9984.T) CEO Masayoshi Son last month bemoaned the state of play, calling Japan a ‘developing country’ in the most important current tech revolution. Prime Minister Shinzo Abe in June unveiled a plan to train 250,000 people in AI…

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U.S. Senate leader McConnell fractures shoulder in fall

FILE PHOTO: U.S. Senate Majority Leader Mitch McConnell (R-KY) addresses reporters after the weekly Senate party caucus luncheons at the U.S. Capitol in Washington, U.S., July 23, 2019. REUTERS/Eric Thayer/File PhotoWASHINGTON (Reuters) - U.S. Senate Majority Leader Mitch McConnell fell at his home in Kentucky on Sunday and fractured his shoulder, a spokesman said. “This morning, Leader McConnell tripped at home on his outside patio and suffered a fractured shoulder. He has been treated, released, and is working from home in Louisville,” McConnell spokesman David Popp said in a statement. McConnell, a 77-year-old Republican, was injured as Democrats were urging him to call an emergency session of…

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After Brexit pledges, British PM Johnson announces cash injection for health

LONDON (Reuters) - Prime Minister Boris Johnson will announce a 1.8 billion pound ($2.2 billion) cash injection for Britain’s public health system on Monday, seeking to honor his Brexit pledges as he pushes through the country’s departure from the European Union. FILE PHOTO: Britain's Prime Minister Boris Johnson speaks during the first meeting of the National Policing Board at the Home Office in London, Britain July 31, 2019. Kirsty Wigglesworth/Pool via REUTERSJohnson, a figurehead for the “Leave” campaign in the 2016 referendum, has long been associated with a pledge, emblazoned on a bus, that Britain could spend 350 million pounds a week on the National Health Service…

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Democrats condemn Trump, white nationalism after U.S. shootings

WASHINGTON (Reuters) - Two mass shootings that killed 29 people in Texas and Ohio reverberated across the United States’ political arena on Sunday as Democratic presidential candidates called for stricter gun laws and some accused President Donald Trump of being a white nationalist. Dozens were also wounded Saturday and early Sunday in shootings within just 13 hours of each other in carnage that shocked a country that has become grimly accustomed to mass shootings and heightened concerns about domestic terrorism. The first massacre occurred on Saturday morning in the heavily Hispanic border city of El Paso, where a gunman killed 20 people at a Walmart store before…

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Walmart says its training helped save lives in prior incident

NEW YORK (Reuters) - Days before Saturday’s mass shooting that killed 20 people at a Walmart Inc store in El Paso, Texas, another shooting erupted at a Walmart in Southaven, Mississippi. FILE PHOTO: A police officer stands next to a police cordon after a mass shooting at a Walmart in El Paso,Texas, U.S. August 3, 2019. REUTERS/Jose Luis GonzalezIn that case, Walmart’s mandatory “active shooter” program may have helped save lives. Employees there acted quickly when a disgruntled colleague allegedly killed two co-workers and injured a police officer. “I feel confident in saying that it did (help) in Southaven,” said Walmart spokesman Randy Hargrove in a phone…

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Factbox: Major shootings in the United States

(Reuters) - Two mass shootings within 13 hours of each other left 20 people dead in Texas and killed nine people in Ohio, carnage that shocked a country that has become grimly accustomed to mass shootings and heightened concerns about domestic terrorism. The U.S. flag is seen at half-mast, near the site of a mass shooting where 20 people lost their lives at a Walmart in El Paso, Texas, U.S. August 4, 2019. REUTERS/Jose Luis GonzalezBelow are some of the bloodiest and most notable U.S. mass shootings in recent decades, ranked by death toll. This is not a complete list of all major U.S. mass shootings: LAS…

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Hong Kong government: protests are pushing city to ‘extremely dangerous edge’

HONG KONG (Reuters) - Hong Kong’s government said violence and illegal protests were pushing the city to an “extremely dangerous edge”, as police fired multiple rounds of tear gas to disperse hundreds of anti-government protesters on Sunday and Beijing said it would not let the situation persist. The Chinese-controlled city, an Asian financial hub, has been rocked by months of protests that began against a proposed bill to allow people to be extradited to stand trial in mainland China and have developed into calls for greater democracy. A general strike aimed at bringing the city to a halt is planned for Monday. Many flight departures were shown…

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Fiat Chrysler CEO: We’ll talk alliances, but we can go it alone

DETROIT (Reuters) - Fiat Chrysler Automobiles (FCAU.N) Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone. FILE PHOTO: CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Cook“Strategically, we have a solid future and clear plans that are being invested in and are underway now,” Mike Manley said during a session with reporters the day after the company released better than expected second-quarter results. “That isn’t to say if there is a better future through an alliance or partnership…

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