Sports 

Bahrain reaffirms right to pursue legal action against refugee footballer

Jailed Bahraini footballer Hakeem Al Araibi leaves Thailand’s Criminal Court, in Bangkok, Thailand February 4, 2019. REUTERS/Athit Perawongmetha DUBAI (Reuters) – Bahrain said it has taken note of a “halt of legal proceedings” against refugee footballer Hakeem al-Araibi, who was released from a Thai jail on Monday after Bahraini authorities abandoned their bid to seek his extradition. Bahrain’s Foreign Ministry said in a statement that a 10-year jail sentence imposed on Araibi in absentia by a Bahraini court remained in place and reaffirmed its right to “pursue all necessary legal…

Read More
Technology 

U.S. to pursue extradition of Huawei CFO from Canada

FILE PHOTO: Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO), is seen in this undated handout photo obtained by Reuters December 6, 2018. Huawei/Handout via REUTERS WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday that it will pursue the extradition of Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, arrested in Canada in December on allegations that she participated in a conspiracy to defraud banks. Huawei CFO Meng Wanzhou faces accusations in the United States that she misrepresented her company’s links to a firm that tried…

Read More
Top stories 

Brexit: Remainers criticise Corbyn’s pledge to pursue leaving the EU

Image copyright Reuters Remain supporters have criticised Jeremy Corbyn for saying he would continue to pursue Brexit if his party won a snap general election in 2019. Speaking to the Guardian, the Labour leader said he would go to Brussels to negotiate a better deal than the one Theresa May has offered to Parliament. Asked what stance Labour would take if another referendum took place, he said it would be for the party to decide. Labour’s Chuka Umunna said the interview was “deeply depressing”. Mr Corbyn also admitted he was…

Read More
Sports 

North, South Korea agree to pursue joint 2032 Olympic Games bid

SEOUL (Reuters) – The two Koreas have agreed to pursue a bid to co-host the 2032 Olympic Games, they said in a joint statement on Wednesday following a summit between North Korean leader Kim Jong Un and South Korean President Moon Jae-in. South Korean President Moon Jae-in shakes hands with North Korean leader Kim Jong Un as they arrive for their meeting at the headquarters of the Central Committee of the Workers’ Party of Korea in Pyongyang, North Korea, September 18, 2018. Pyeongyang Press Corps/Pool via REUTERS The statement also…

Read More
Technology 

Bain says will help Toshiba Memory pursue big acquisitions

TOKYO (Reuters) – Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals. FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo The world’s No. 2 maker of NAND chips is expected to have significant funding and spending needs – partly due to the high capital cost nature of the semiconductor industry but also because it…

Read More
Technology 

Bain Capital to support Toshiba Memory pursue chip sector acquisitions

TOKYO (Reuters) – Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing acquisitions in the chip industry. “I believe our financing power will enable Toshiba Memory engage in large-scale M&A deals,” Yuji Sugimoto, head of Bain Capital in Japan, said at a news conference after its consortium completed the deal last week. Bain will hold discussions with Toshiba Memory president Yasuo Naruke on what kind of technologies or acquisitions would be needed strategically for the company…

Read More