Oct 10 (Reuters) – * FOREIGN INVESTORS' NET PURCHASES IN BOURSE ISTANBUL STAR AND MAIN SHARE MARKETS AT $7.8 MILLION IN SEPT Source text: (Gdansk Newsroom)
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(Reuters) -A group of banks including Bank of America , Citi, Deutsche Bank, Goldman Sachs and UBS will work together to explore creating blockchain-based assets pegged to G7 currencies, the banks said in a press release on Friday. (Reporting by Tommy Reggiori Wilkes and Elizabeth Howcroft)
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By Barbara Erling WARSAW (Reuters) -Poland's critical infrastructure has been subject to a growing number of cyberattacks by Russia, whose military intelligence, has trebled its resources for such action against Poland this year, the country's digital affairs minister told Reuters. Of the 170,000 cyber incidents that have been identified in the first three quarters of this year, a significant portion has been attributed to Russian actors, while other cases are financially motivated, involving theft or other forms of cybercrime, Krzysztof Gawkowski said. He said Poland is a subject to between 2,000 and 4,000 incidents a day and that 700 to 1,000 are "taken up by us, meaning they posed a real threat or had the potential to cause serious problems", he said. Foreign adversaries are now expanding their focus beyond water and sewage systems to the energy sector, he said. He did not give exact figures for Russian activity and could not comment on Russia's methods in Poland's cyberspace. The information on Russia's increasing involvement had come from intelligence from Poland's intelligence agencies. Russia has consistently denied claims of such activity. The Russian embassy in Warsaw did not immediately return a request for comment. Officials in Warsaw have said Poland, a staunch supporter of Ukraine, is Russia's main target among NATO states and has accused the Kremlin of repeated efforts to undermine national security. "Russian activity is the most severe because it targets critical infrastructure essential to maintaining normal life," Gawkowski said. Along with the Russian drone attack on September 10, there was a correlated cyberattack on Poland, the largest since 2022, when the war broke out in Ukraine, he said. Although the government saw from the early hours of the night that the drone attack was coming from Russia, false claims that Ukraine sent the drones to start war, flooded Polish cyberspace, Gawkowski said. He added that to do this, bots that had remained dormant for months, even years were reactivated. (Reporting by Barbara Erling)
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CANADA PRIME MINISTER CARNEY SAYS SPECIFIC SECTORAL DEALS WITH U.S., WOULD LIKELY PERSIST WITH A REVISED USMCA TRADE DEAL
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VIDEO SHOWS: HIGHLIGHTS FROM QUARTER-FINAL ACTION AT WTA 1000 WUHAN OPEN – WINS FOR COCO GAUFF AND JASMINE PAOLINI COMPLETE SCRIPT TO FOLLOW SHOWS: WUHAN, CHINA (OCTOBER 10, 2025) (WTA/DAZN – See restrictions) COCO GAUFF (WHITE BANDANA) v LAURA SIEGEMUND (YELLOW TOP AND CAP) 6-3 6-0 FIRST SET 1. COCO GAUFF HITS BACKHAND WINNER 2. LAURA SIEGEMUND WINS POINT WITH BACKHAND WINNER PAST GAUFF 3. OVERHEAD SMASH BY GAUFF TO WIN POINT 4. GAUFF WINS SET AS SIEGEMUND NETS FOREHAND SMASH AND WALKING BACK SECOND SET 5. GAUFF BREAKS SIEGEMUND WITH BACKHAND WINNER 6. GAUFF WINS MATCH AS SIEGEMUND'S BACKHAND RETURN GOES LONG 7. GAUFF WALKING BACK TO THE NET 8. PLAYERS SHAKE HANDS 9. GAUFF WAVING TO CROWD JASMINE PAOLINI (GREY TOP) v IGA SWIATEK 6-1 6-2 10. VARIOUS OF COIN TOSS FIRST SET 11. SWIATEK SERVING / PAOLINI WINS RALLY WITH FOREHAND VOLLEY AT NET 12. SWIATEK SERVING / SWIATEK WINS RALLY WITH OVERHAND SMASH AT NET 13. SWIATEK SERVING AT SET POINT TO PAOLINI / SWIATEK HITS NET DURING RALLY AS PAOLINI WINS FIRST SET SECOND SET 14. SWIATEK SERVING / PAOLINI WINS SHORT RALLY WITH FOREHAND FROM BASELINE 15. SWIATEK SERVING AT BREAK POINT / PAOLINI HITS RETURN WINNER 16. SWIATEK SERVING AT MATCH POINT / RALLY ENDS WITH SWIATEK HITTING BALL LONG 17. PLAYERS AT NET 18. PAOLINI CELEBRATING WIN
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(Reuters) -Levi Strauss & Co shares fell about 9% on Friday as investors focused on the denim maker's warning of a tariff-related hit to its fourth-quarter margin, overlooking a higher annual profit forecast. The margin-hit forecast highlights the impact of the Trump administration's changing trade policies on consumer-facing companies, especially those with suppliers in countries that do not have trade deals with Washington in place yet. Levi's has capitalized on the resurgence of baggy, loose-fit apparel among Gen Z customers and raised its 2025 sales and profit forecasts on Thursday, but the company still warned of a 130-basis-point hit to its fourth-quarter gross margins. "While management calls this (growing expenses) transitory, the concern is that Levi's has struggled to show an ability to scale expenses for 3-5 years now, thus creating lower levels of visibility into 2026 margin," Ike Boruchow, equity analyst at Wells Fargo, said. The company sources the bulk of its products from South Asia, including Bangladesh, Cambodia and Pakistan – countries that face high tariffs currently. Wall Street analysts called the forecast "conservative," with Barclays analysts saying that the lackluster forecast came in despite the company not seeing any adverse changes in shopping trends in September. Trump's trade policies have also pressured the margins of other retailers such as Ralph Lauren, Abercrombie & Fitch and Coach handbag owner Tapestry. However, companies that cater to more affluent customers face less burden as they can pass on the higher costs to the consumer. Levi's has secured about 70% of its holiday inventory early and slightly raised prices to mitigate tariff impact and prepare for the holiday quarter, executives said in a post-earnings call. It has also broadened its product offerings, leaned into full-price sales and kept a tight leash on inventory to offset weaker consumer sentiment and tariff-related pressures. This has helped the company's stock to climb about 40% so far this year. Its forward price-to-earnings multiple, a common benchmark for valuing companies, is 16.94, compared with Ralph Lauren's 20.59, Abercrombie's 7.48 and American Eagle Outfitters' 11.38. (Reporting by Kanchana Chakravarty and Prerna Bedi in Bengaluru; Editing by Janane Venkatraman and Shinjini Ganguli)
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By Muvija M and Paul Sandle LONDON (Reuters) -Google could be forced to change its search operations in the UK after it became the first company subject to new powers from Britain's competition regulator to tackle the dominance of Big Tech. Competition regulators have long had Alphabet-owned Google in their sights and Britain's landmark ruling on Friday designating Google as having strategic market status in online search, gives the UK's regulator more power to step in. "We have found that Google maintains a strategic position in the search and search advertising sector – with more than 90% of searches in the UK taking place on its platform," the Competition and Markets Authority's Executive Director for Digital Markets Will Hayter said. POSSIBLE INTERVENTIONS The CMA's move enables it to intervene to ensure Google's search services are "open to effective competition". It is not a finding of wrongdoing and does not trigger any immediate changes, but the regulator can impose fines for non-compliance and has direct enforcement powers. It outlined changes it could require in June, such as fairer ranking in search, easier access to alternative search engines for consumers and more controls for publishers over how their content is used in AI-generated responses. It is expected to consult on any planned interventions later this year. Google's Senior Director for Competition Oliver Bethell said: "Many of the ideas for interventions that have been raised in this process would inhibit UK innovation and growth, potentially slowing product launches at a time of profound AI-based innovation." Google announced last month it would invest 5 billion pounds ($6.65 billion) in Britain. NEW FRONT AGAINST GOOGLE The ruling was the CMA's first under new powers to tackle Big Tech. The CMA's second probe into mobile operating systems could also result in Google receiving a designation, focused on Android. The U.S. Federal Trade Commission launched an investigation into Google and Amazon's search advertising last month, while the U.S. Department of Justice wants to force Google to sell off some of its advertising technology tools. The European Union hit Google with a $3.45 billion antitrust fine last month for anti-competitive practices in its adtech business. MORE CONTROL FOR CONSUMERS AND PUBLISHERS A shift in the political backdrop in Britain makes major intervention less likely, lawyers have said. After the CMA gained its new powers, the government told it to focus on growth and minimise uncertainty for business. It made former Amazon executive Doug Gurr the CMA's interim chair in January. Tom Smith, competition lawyer at Geradin Partners and former CMA director, said there was a strong case for removing some of the market distortions caused by Google's monopoly position. That includes giving website operators more control over how their content is used for AI training, and would remove some of Google's unfair advantage over other AI companies, he said. Google's Gemini AI assistant was not currently in the scope of the CMA's designation, the regulator said, but other AI-based search features, such as AI Overviews and AI Mode, were. ($1 = 0.7523 pounds) (Reporting by Paul Sandle and Muvija M; Editing by William James, Emelia Sithole-Matarise and Elaine Hardcastle)
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By Blake Brittain (Reuters) -A federal judge in Manhattan on Thursday dismissed superstar rapper Drake's defamation lawsuit over Kendrick Lamar's diss track "Not Like Us" against Universal Music Group, which releases both artists' music. U.S. District Judge Jeannette Vargas said Lamar's lyrics accusing Drake of being a pedophile were not defamatory because they were "nonactionable opinion". "Although the accusation that Plaintiff is a pedophile is certainly a serious one, the broader context of a heated rap battle, with incendiary language and offensive accusations hurled by both participants, would not incline the reasonable listener to believe that 'Not Like Us' imparts verifiable facts," Vargas said. A spokesperson for Drake said on Friday that he intends to appeal the decision. UMG said it was pleased by the dismissal. "From the outset, this suit was an affront to all artists and their creative expression and never should have seen the light of day," UMG said in a statement. The company said it looked forward to "continuing our work successfully promoting Drake's music and investing in his career." Lamar and Drake, whose given name is Aubrey Drake Graham, have been engaged in a long-running feud with several high-profile diss tracks against each other. Drake sued UMG in January based on its promotion of "Not Like Us," arguing the song's false accusation that the Canadian rapper is a pedophile put him and his family in danger. Music industry publications have said Drake did not sue Lamar directly because the First Amendment of the U.S. Constitution offers strong protections for individual creative expression. Drake argued UMG was responsible for distributing and profiting from the song. "Not Like Us" won Grammy Awards in February for record and song of the year. It spent two weeks at the top of Billboard's Hot 100 in 2024 and another week at No. 1 after Lamar performed it at this year's Super Bowl halftime show. (Reporting by Blake Brittain in Washington; Editing by Cynthia Osterman and Joe Bavier)
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(Adds response from Drake spokesperson in paragraph 4 of October 9 story) By Blake Brittain Oct 9 (Reuters) – A federal judge in Manhattan on Thursday dismissed superstar rapper Drake's defamation lawsuit over Kendrick Lamar's diss track "Not Like Us" against Universal Music Group, which releases both artists' music. U.S. District Judge Jeannette Vargas said Lamar's lyrics accusing Drake of being a pedophile were not defamatory because they were "nonactionable opinion". "Although the accusation that Plaintiff is a pedophile is certainly a serious one, the broader context of a heated rap battle, with incendiary language and offensive accusations hurled by both participants, would not incline the reasonable listener to believe that 'Not Like Us' imparts verifiable facts," Vargas said. A spokesperson for Drake said on Friday that he intends to appeal the decision. UMG said it was pleased by the dismissal. "From the outset, this suit was an affront to all artists and their creative expression and never should have seen the light of day," UMG said in a statement. The company said it looked forward to "continuing our work successfully promoting Drake's music and investing in his career." Lamar and Drake, whose given name is Aubrey Drake Graham, have been engaged in a long-running feud with several high-profile diss tracks against each other. Drake sued UMG in January based on its promotion of "Not Like Us," arguing the song's false accusation that the Canadian rapper is a pedophile put him and his family in danger. Music industry publications have said Drake did not sue Lamar directly because the First Amendment of the U.S. Constitution offers strong protections for individual creative expression. Drake argued UMG was responsible for distributing and profiting from the song. "Not Like Us" won Grammy Awards in February for record and song of the year. It spent two weeks at the top of Billboard's Hot 100 in 2024 and another week at No. 1 after Lamar performed it at this year's Super Bowl halftime show. (Reporting by Blake Brittain in Washington; Editing by Cynthia Osterman and Joe Bavier)
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By Marc Jones LONDON (Reuters) -Breathless markets had little time for a break on Friday as record-setting stocks dipped, gold shone bright still and the dollar headed for its best week of the year despite more drama for the Japanese yen and in Europe. With the ink still drying on a historic ceasefire between Israel and Hamas, the political developments were still coming thick and fast – and continuing to move markets. Wall Street was set to tick higher despite the ongoing government shutdown there, but Japan's yen has been jolted out of its recent slide by the Komeito party quitting its coalition with the Liberal Democratic Party. [/FRX] That raises questions over the route to the premiership for new LDP leader Sanae Takaichi, whose pledges of fiscal stimulus and calls for the Bank of Japan to hold off on interest rate hikes had sapped the yen and lifted the Nikkei 6% until a 1% drop on Friday. [.T] "If Takaichi doesn't become prime minister, or at least can't govern effectively, you don't really have much of a 'Takaichi trade'," said Chris Scicluna, head of research at Daiwa Capital Markets Europe. Major European bourses also saw a low-key end to the week [.EU] as traders waited to see whether France's President Emmanuel Macron can find a way out of his country's political crisis. He is expected to name his sixth prime minister in less than two years later, with that person facing the vexing mission of steering a belt-tightening budget through a deeply fragmented parliament. The pan-European STOXX 600 was steady at 571 points, heading for a third straight weekly gain. The CAC 40 in Paris though is down on the week and the euro is set for its worst seven days since July. [/FRX] The yield gap between 10-year French government bonds and uber-safe German Bunds — a market gauge of the risk premium investors demand to hold French debt — was also back at 80 bps having surged to 88 bps earlier in the week. "At the moment the market is happy," Daiwa's Scicluna said, referring to the prospect of the French crisis easing. "Next year could well be another very different situation though," he added, referring to the possibility of it all falling apart again. "Spreads could break out to the highest levels since Mario Draghi's 'Whatever it takes' speech," he said, speaking about the former ECB President's 2012 pledge that eased the debt crisis. RARE EARTH CURBS U.S. stocks were set to open fractionally higher with consumer sentiment data due shortly and the all-important third-quarter corporate earnings season due to kick off next week. The U.S. dollar index, which measures the greenback's strength against a basket of six currencies, was nudging lower due to the yen's bounce on the day, but it remained firmly on course for a 1.6% weekly rise, its best since November. Latin America's markets were set to remain squarely in focus too after the U.S. confirmed it would provide budget chainsaw-wielding Javier Milei's Argentine government a $20 billion swap line to try to quash renewed currency market problems there. "It's unclear what the U.S. will demand in exchange," William Jackson, Chief Emerging Markets Economist at Capital Economics said. Chinese stocks had tumbled 1.4% overnight meanwhile, after Beijing expanded its rare earths export controls on Thursday, tightening control over the sector ahead of talks between Presidents Donald Trump and Xi Jinping. Beijing also ramped up enforcement of its chip import restrictions, aiming to reduce domestic technology companies' dependence on U.S. products such as Nvidia's artificial intelligence processors, the Financial Times reported on Friday. Reuters could not immediately verify the report. With the U.S. government still in shutdown mode, the yield on the benchmark 10-year Treasury bond fell to 4.09% compared with its U.S. close of 4.14%. Traders expect the Federal Reserve will cut U.S. interest rates again on October 29, with Fed funds futures pricing a 94.6% probability of a 25-basis-point rate cut, according to the CME Group's FedWatch tool. ALL THAT GLITTERS Gold edged back up to $4,000-an-ounce in Europe, having seen a brief bout of selling after topping the threshold for the first time ever this week. Silver, which has risen even more than gold this year, was also back above the $50 mark that it breached for the first time on Thursday. [GOL/] Multiple factors aided the rally, including geopolitical risks, robust central bank buying, exchange-traded fund inflows, expectations of U.S. rate cuts, and trade-related uncertainties. In energy markets, Brent crude slid 0.7% to $64.72 per barrel, after Israel's government ratified a ceasefire with the Palestinian militant group Hamas on Friday, clearing the way to suspend hostilities in Gaza within 24 hours and free Israeli hostages held there in days. (Additional reporting by Gregor Stuart Hunter in Singapore; Editing by Susan Fenton)
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