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Microsoft gets more time from UK to plead case to buy video game maker Activision

Published Fri, 27 Dec 2024 11:49:51 GMT

LONDON (AP) — British antitrust regulators on Friday extended their deadline to issue a final order blocking Microsoft’s $69 billion plan to buy video game maker Activision Blizzard, allowing them to consider the U.S. tech giant’s “detailed and complex submission” pleading its case. The Competition and Markets Authority had rejected the deal — the biggest in tech history — over fears it would stifle competition for popular game titles like Call of Duty in the fast-growing cloud gaming market. But the U.K. watchdog appears to have softened its position after a judge thwarted U.S. regulators’ efforts to block the deal.The authority says it has pushed its original deadline back six weeks to Aug. 29 so it could go through Microsoft’s response, which details “material changes in circumstance and special reasons” why regulators shouldn’t issue an order to reject the deal. The watchdog’s decision could be a good sign for Microsoft and Activision as they ...

Putin says he offered Wagner mercenaries the option to stay as a single unit

Published Fri, 27 Dec 2024 11:49:51 GMT

Russian President Vladimir Putin said he offered mercenaries from the Wagner private military company the option of continuing to serve as a single unit under their same commander when he met with them after the group’s brief revolt last month that posed the most serious threat to his 23-year rule.Putin’s comments, published Friday, appeared to reflect his efforts to secure the loyalty of Wagner mercenaries, some of the most capable Russian forces in Ukraine, while the fate of their chief, Yevgeny Prigozhin, remains unclear.They also came amid new cracks appearing in the Russian military as the war grinds through its 17th month and Ukraine conducts a counteroffensive against the invading forces.In remarks to the business daily Kommersant, Putin for the first time described a Kremlin event attended by 35 Wagner commanders, including Prigozhin, on June 29, five days after their armed rebellion. He said he praised their efforts in Ukraine, deplored their involvement in the ...

Rocket being developed by Japan’s space agency explodes during testing but no injuries reported

Published Fri, 27 Dec 2024 11:49:51 GMT

TOKYO (AP) — A rocket being developed by the Japanese space agency exploded during testing on Friday, but there were no reports of injuries, the Japan Aerospace Exploration Agency said.The cause of the accident at the facility in Akita Prefecture, northeastern Japan, was still being investigated, the agency, JAXA, said. It was unclear and when testing for the Epsilon S rocket could resume. Japanese TV news footage from the site shows the test starting normally, with white smoke shooting out at the side. About a minute later, flames and gray smoke burst upward in an explosion, and the roof is seen blowing off a building. The failure is a setback for JAXA’s ambitions to enter fully into the launch market for small satellites, a market that is expected to grow. An Epsilon S demonstration launch had been scheduled for this fiscal year, but a launch attempt failed in May. JAXA’s launch of another kind of rocket called H3 failed in March.But an earlier Epsilon has worked and managed to se...

Disney is asking a judge to toss a lawsuit from DeSantis appointees

Published Fri, 27 Dec 2024 11:49:51 GMT

ORLANDO, Fla. (AP) — Disney is asking a Florida judge on Friday to toss out a lawsuit against the company’s efforts to neutralize a takeover of Disney World’s governing district by Gov. Ron DeSantis and his appointees.The hearing scheduled for an hour in state court in Orlando involves one of two cases between the Disney and DeSantis or his governing district appointees stemming from the takeover, which was retaliation for the company’s public opposition to the so-called Don’t Say Gay legislation championed by DeSantis and Republican state lawmakers.Disney and DeSantis have been engaged in a yearlong feud that the governor has touted during his run for the 2024 GOP presidential nomination, often accusing the entertainment giant as being too “woke.” Disney has accused the governor of violating its free speech rights.Disney is arguing before Circuit Judge Margaret Schreiber that any decision in state court would be moot since the Republican-controlled Legislature already h...

Small Town Week, Episode 5: How the new Six Nations energy storage facility could change Ontario’s grid

Published Fri, 27 Dec 2024 11:49:51 GMT

(This is the final episode of Small Town Week, a five-part series in which we examine big problems facing small communities.)In today’s Big Story Podcast, so far this week, we’ve covered problems facing small communities — from housing to the economy to healthcare. Although these issues are felt across pretty much every community, big or small, in Canada, there’s one existential threat we must face globally: the climate crisis.We are hurtling rapidly towards a point of no return, and that’s pushing us towards alternative ways to create energy. In some communities, this is viewed as a threat, perhaps as dire as the climate crisis itself. In other places, like a First Nation in southern Ontario, it’s a solution to the needs of a province. It’s a chance to turn the tide of our increasing demand for power and move away from reliance on fossil fuels.Fatima Syed, Ontario reporter for The Narwhal, says the energy project near Six Nations of the Grand River cou...

Pakistan’s PM Shehbaz Sharif launches $3.5 billion Chinese-designed nuclear energy project

Published Fri, 27 Dec 2024 11:49:51 GMT

ISLAMABAD (AP) — Pakistan’s Prime Minister Shehbaz Sharif on Friday launched the construction of a 1,200-megawatt Chinese-designed nuclear energy project, which will be built at a cost of $3.5 billion as part of the government efforts to generate more clean energy in the Islamic nation.The ceremony to mark the project’s start comes less than a month after Pakistan signed an agreement with China’s National Nuclear Corporation Overseas in the capital, Islamabad, to construct a Hualong One reactor — a third-generation nuclear reactor and is considered safer because of the latest security features.Pakistan and China are longtime allies. Pakistan’s relations with Beijing are so close that its leadership calls China their “Iron Brother.” China is also building roads, bridges, power plants, and railways to link its far west with the Chinese-built port of Gwadar on the Indian Ocean.The nuclear power plant known as Chashma-5 will be constructed at a site along the left embankment...

Cannabis company Canopy Growth signs deals with lenders to reduce debt

Published Fri, 27 Dec 2024 11:49:51 GMT

SMITHS FALLS, Ont. — Canopy Growth Corp. says it has signed deals with its secured and unsecured lenders that it expects will help the cannabis company reduce its total debt by about $437 million over the next six months.The company says the moves are also expected to help lower annual interest costs by approximately $20 million to $30 million. Canopy chief financial officer Judy Hong says the agreements will enable the company to preserve cash and further improve its balance sheet through accretive and meaningful reductions in its overall debt.The company says it will repay about $193 million in existing notes with a mix of cash, shares and new unsecured non-interest bearing convertible debentures.Canopy will also reduce $100 million debt provided under a credit agreement for a cash payment of $93 million, with the expectation of further principal reductions at 95 cents on the dollar upon completion of certain asset sales.The company has been selling some of its facilities as part ...

Man found fatally stabbed at baseball diamond in Uptown

Published Fri, 27 Dec 2024 11:49:51 GMT

CHICAGO -- Police are investigating an incident where a body was found at a baseball diamond near Marine Drive and Montrose Friday morning. According to police, a 64-year-old man was found unresponsive near the 4400 block of Nort Marine Drive around 5:30 a.m. with stab wounds to the head and neck. The man was pronounced dead on the scene. The baseball diamond is located just west of DuSable Lake Shore Drive and the area is currently blocked off by police for investigation. There is currently no one in custody and police are investigating the incident. Man shot, critically wounded during armed robbery at Bucktown liquor store WGN is actively following this incident and will update as more information is recovered.

2 men injured after shooting in South Lawndale

Published Fri, 27 Dec 2024 11:49:51 GMT

CHICAGO -- Two men are injured after a shooting that took place in the city's South Lawndale neighborhood early Friday morning. According to police, two men were sitting inside a parked vehicle when an unknown man exited a black sedan and fired multiple shots into the car. Man shot, critically wounded during armed robbery at Bucktown liquor store A 32-year-old man sustained a gunshot wound to the right shoulder, neck and buttocks and was transported to Mount Sinai Hospital in critical condition. Another 36-year-old man sustained a gunshot wound to the back and was transported to Mount Sinai Hospital in good condition. There is currently no one in custody and police are investigating the incident.

Suspect in custody in Long Island's Gilgo Beach serial killings, sources say

Published Fri, 27 Dec 2024 11:49:51 GMT

MASSAPEQUA PARK, N.Y. (WPIX) -- A suspect in the decade-old Gilgo Beach serial killer case on Long Island, New York, was taken into custody Friday morning in Massapequa Park, a senior law enforcement source told PIX11 News.The remains of at least 10 bodies were discovered in the underbrush along a 3-mile stretch of Ocean Parkway near Gilgo Beach between December 2010 and April 2011, sparking a long-standing investigation into the serial killer case. The earliest victims could date back to at least 1996. Previously unseen video of Gilgo Beach murder victim released The accused killer is a man in his 50s or 60s, the police source said. He will be transported to Riverhead Criminal Court, where an indictment will be unsealed later Friday. The suspect's name was not immediately released.On Dec. 11, 2010, Suffolk County police officer John Malia and his cadaver dog made a startling discovery in the brush off Ocean Parkway in Gilgo Beach, Long Island.They found the skeletal rem...