Tag Archives: TOPCMB

French ambassador accuses Australia of deceit over submarine deal

  • Australia cancelled a deal with France’s Naval Group in Sept.
  • The fallout threatens to spill over into trade consequences
  • French ambassador said message leaks represented a “new low”

CANBERRA/SYDNEY, Nov 3 (Reuters) – France’s ambassador to Australia, Jean-Pierre Thebault, said on Wednesday that Australia acted with deceit when it abruptly cancelled a multi-billion dollar deal with Paris to build a fleet of submarines.

“The deceit was intentional,” Thebault told media in Canberra on Wednesday.

“And because there was far more at stake than providing submarines, because it was a common agreement on sovereignty, sealed with the transmission of highly classified data, the way it was handled was a stab in the back.”

Australia in September cancelled a deal with France’s Naval Group, opting instead to build at least 12 nuclear-powered submarines in a deal with the United States and Britain. read more

The new alliance, dubbed AUKUS, is designed to give Australia access to nuclear-powered submarines for the first time.

The decision has caused a major bilateral rift, with France recalling its ambassadors from Australia and the United States in protest. Thebault returned to Canberra last month and the speech on Wednesday is the first time he has spoken publicly on the bilateral relationship.

“These are not things which are done between partners – even less between friends,” said Thebault, who added that the French government had no gripe with the people of Australia.

Australian Prime Minister Scott Morrison declined to refute Thebault’s comments when speaking on Wednesday in the United Arab Emirates en route from the U.N COP26 climate summit.

“Claims were made and claims were refuted, what is needed now is for us to move on,” Morrison told reporters.

French President Emmanuel Macron on Sunday said Morrison had lied to him about Canberra’s intentions. read more

Morrison has denied the claim. He said he had previously explained to Macron that conventional submarines would no longer meet Australia’s needs.

Morrison and Macron spoke last week before the Australian leader publicly sought a handshake with his French counterpart at the G20 meeting.

The destabilisation of the usually close diplomatic relations between the two nations now threatens to spill over into trade consequences.

The European Union has twice postponed a planned round of free trade talks with Australia. In solidarity with France, European Commission President Ursula von der Leyen questioned whether the bloc could strike a trade deal with Australia. read more

The relationship was tested further this week after Australian media published leaked messages between Morrison and Macron that attempted to counter France’s claim that Australia did not give it sufficient warning that the contract would be cancelled. read more

Thebault said the leaking of the messages represented an “unprecedented new low” and he said that it sent a worrying signal to heads of state that confidential correspondence could one day be “weaponised against you”.

Australia’s Deputy Prime Minister Barnaby Joyce said Macron was wrong to accuse Morrison of lying.

“We had a major political leader call the prime minister of Australia a liar, and you can’t do that diplomatically,” Joyce told the Australian Broadcasting Corporation.

“This isn’t some tin-pot nation in the middle of nowhere… if a person calls you a liar, what are you going to do? You have to defend it and say you are not.”

U.S. President Joe Biden said last week that the handling of the new pact had been clumsy, adding that he had thought France had been informed of the contract cancellation before the new pact was announced.

Reporting by Jonathan Barrett, Colin Packham and Renju Jose; Editing by Himani Sarkar and Michael Perry

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China’s COVID-19 cases spike ahead of Communist Party conclave

BEIJING, Nov 3 (Reuters) – China’s new locally transmitted COVID-19 cases spiked to a near three-month high and tighter curbs to contain the spread are expected in the capital Beijing ahead of a key gathering of the highest-ranking members of the Communist Party next week.

The National Health Commission confirmed on Wednesday 93 new local symptomatic cases for Nov. 2, up from 54 a day earlier and the highest daily count since Aug. 9 at the peak of China’s last major outbreak.

Beijing reported nine new local infections, the biggest one-day increase in the capital this year.

While new daily cases in Beijing since late October have remained very modest compared to outside of China, the country’s zero-tolerance policy has meant the imposition of strict measures to contain the spread of the virus at all costs.

Temperature screening has been set up at entrances of shopping malls, supermarkets, hotels, cinemas and subway stations, while a legion of personnel on the ground check the health codes of visiting individuals on their mobile phones.

Beijing authorities have also repeatedly told residents to refrain from travelling out of the city, postpone weddings, simplify funeral arrangements, and cut back on all non-essential gatherings.

Of the flights scheduled on Wednesday at Beijing Daxing Airport, 60.4% have been cancelled as of the morning, while 49.8% of flights at Beijing Capital International Airport (0694.HK) have been scrapped.

Air China (601111.SS) is offering free cancellations for flights to and from Beijing until Dec. 1.

The rise in Beijing infections comes as the 300-plus members of the Communist Party’s Central Committee prepare to gather in a major closed-door meeting on Nov. 8-11. It will be the committee’s sixth and penultimate so-called plenum of its five-year term before the next big Party Congress in 2022.

At the plenum, President Xi Jinping is expected to push through a resolution that will cement his authority and legacy and strengthen his case for a precedent-breaking third term starting next year. read more

Outside of Beijing, new local infections were reported in the north, northeast and northwest in provinces and areas including Heilongjiang, Hebei, Gansu, Inner Mongolia, Ningxia and Qinghai.

New cases were also seen the southwest of China, in the municipality of Chongqing as well as the provinces of Sichuan and Yunnan.

The southern province of Jiangxi reported two new cases.

Carriers including China Southern Airlines (600029.SS), Air China and China Eastern Airlines (600115.SS) are offering free cancellations for flights to and from some COVID-hit cities including Chongqing and Chengdu.

Inclusive of cases imported from overseas, China reported 109 new confirmed infections for Nov. 2 compared with 71 a day earlier.

As of Nov. 2, mainland China had 97,423 confirmed cases.

Reporting by Ryan Woo, Liangping Gao and Stella Qiu
Editing by Shri Navaratnam, Michael Perry and Lincoln Feast.

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Facebook says it removed troll farm run by Nicaraguan government

Nov 1 (Reuters) – Facebook (FB.O) said on Monday that last month it removed a troll farm with more than 1,000 Facebook and Instagram accounts which it was said was run by the Nicaraguan government and the country’s ruling party, the Sandinista National Liberation Front.

The social media company said the troll farm – a coordinated effort to manipulate public discourse using fake accounts – was intended to amplify pro-government and anti-opposition content. It said it had been active on its platforms since 2018 and was primarily operated by staff of TELCOR, Nicaragua’s telecoms watchdog, working from the postal service headquarters in capital Managua.

The Supreme Court, which has been an Ortega ally, and the Nicaraguan Social Security Institute also ran smaller clusters of fake accounts, Facebook said.

The Supreme Court and the office of Nicaragua’s Vice President Rosario Murillo, the spokeswoman for President Daniel Ortega and his government, did not immediately respond to a Reuters request for comment about the report.

“This was one of the most cross-government troll operations we’ve disrupted to date, with multiple state entities participating in this activity at once,” Facebook’s investigators said in their report.

Facebook said it had this year taken down other government-linked networks from Ethiopia, Uganda, Sudan, Thailand and Azerbaijan for breaking its rules against so-called coordinated inauthentic behavior, calling this “an especially troubling trend.”

The company, which last week announced it would start trading as Meta Platforms Inc on Dec. 1, has been under scrutiny from lawmakers and regulators over potential harms linked to its platform, particularly after former employee and whistleblower Frances Haugen leaked internal documents.

Nicaragua will hold its presidential election on Sunday, which Washington has denounced as a sham organized by an increasingly authoritarian Ortega.

Facebook said the operation ran a network of blogs, websites and social media assets across TikTok, Twitter, YouTube and Telegram.

A spokesperson for Alphabet Inc’s (GOOGL.O) Google, which owns YouTube, said the company had terminated 82 YouTube channels and three blogs as part of its ongoing investigation into coordinated influence operations linked to Nicaragua.

“These channels had fewer than 1,500 subscribers in total and primarily uploaded spammy content in Spanish about gaming and sports. A small subset uploaded content supportive of President Ortega and the Sandinista party and criticizing the U.S. This campaign was consistent with similar findings reported by Facebook,” they said.

The other companies did not immediately respond to requests for comment.

Facebook said the activity began in April 2018, as student-led protests against the government broke out. It said the network created fake accounts to discredit the protesters, including through posing as students and through attempting coordinated reporting of critics’ accounts. From late 2019, Facebook said it increasingly focused on posting and amplifying pro-government content.

Facebook said it removed 937 Facebook accounts, 140 pages, 24 groups and 363 Instagram accounts as part of the Nicaraguan network.

Reporting by Elizabeth Culliford in New York; Additional reporting by Ana Isabel Martinez in Mexico City and Frank Jack Daniel; Editing by Rosalba O’Brien

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Novavax COVID-19 vaccine gets first authorization; expects more within weeks, CEO says

A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. REUTERS/Dado Ruvic

Nov 1 (Reuters) – Novavax Inc (NVAX.O) expects regulators in India, the Philippines and elsewhere to make a decision on its COVID-19 vaccine within “weeks,” its chief executive told Reuters, after the shot on Monday received its first emergency use authorization (EUA) from Indonesia.

Novavax shares were up about 13% after the company also said it had filed an application for emergency use of the vaccine to Canada and the European Medicines Agency.

For Indonesia, the shot will be manufactured by the world’s largest vaccine manufacturer, Serum Institute in India (SII), and sold under the Indian company’s brand name, Covovax. Novavax said initial shipments into Indonesia are expected to begin imminently.

The World Health Organization (WHO) is also reviewing Novavax’s regulatory filing and the U.S. drugmaker expects that review to be resolved in the coming weeks, Chief Executive Stanley Erck told Reuters in a phone interview on Monday.

A green light from the WHO would set the stage for Novavax to begin shipping doses to the COVAX program that supplies shots to low-income countries. Novavax and SII have together committed to provide more than 1.1 billion doses to COVAX, which is co-led by the WHO.

“I think we’ll get some doses to COVAX this year,” Erck said. “But I think (Novavax is) going to really start being able to ship large quantity to COVAX in the first quarter” of 2022.

Erck said Novavax has resolved all of its manufacturing challenges and does not expect regulators to have any further concerns about its production processes.

He said Novavax is “in dialogue with the U.S. FDA and … we expect a full submission within the next several weeks.”

Novavax had delayed filing for U.S. approval, and Politico reported last month that the company faced production and quality problems.

SII is authorized to make the Novavax vaccine and the U.S. company said it will apply for regulatory authorization for other facilities, such as its plant in the Czech republic, in the coming weeks.

Indonesia is slated to receive 20 million doses of the protein-based vaccine this year, according to the government.

Penny Lukito, chief of the National Agency for Drug and Food Control of Indonesia, did not immediately respond to a Reuters request for comment.

Novavax has so far applied for EUA in various countries, including the UK, Australia, India and the Philippines.

“It will be weeks, not months, for them to review” Novavax’s regulatory submissions and potentially clear the shot for use, Erck said.

The company, along with Japanese partner Takeda Pharmaceutical Co (4502.T), said on Friday it was preparing to seek regulatory approval for a rollout in Japan early next year. read more

The Novavax shot was shown to be more than 90% effective, including against a variety of concerning variants of the coronavirus in a large, late-stage U.S.-based trial.

Reporting by Dania Nadeem in Bengaluru and Carl O’Donnell in New York; additional reporting by Leroy Leo in Bengaluru and Stanley Widianto in Jakarta; Editing by Maju Samuel and Bill Berkrot

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Erdogan skips Glasgow climate summit in security dispute

ANKARA, Nov 1 (Reuters) – President Tayyip Erdogan cancelled plans to attend the global climate conference in Glasgow on Monday because Britain failed to meet Turkey’s demands on security arrangements, Turkish media quoted him as saying.

Heads of state and government from around the world are attending the COP26 summit, regarded as critical to averting the most disastrous effects of climate change.

Erdogan had been expected to join them in Scotland after attending the G20 summit in Rome at the weekend, but instead landed back in Turkey shortly after midnight on Monday.

Turkish media quoted him as telling reporters on his plane home that Ankara had made demands regarding security protocol standards for the summit in Britain which were not satisfied.

“When our demands were not met we decided not to go to Glasgow,” Erdogan was quoted as saying. He said that the protocol standards Ankara sought were those always implemented on his international trips.

British Prime Minister Boris Johnson initially said the problem had been resolved, Erdogan said. “But at the last moment he got back to us and said that the Scottish side was causing difficulties,” Turkish media quoted him as saying.

Erdogan said he subsequently learnt that the measures Turkey had sought were granted as an exception to another country, which he did not name. He said this was unacceptable. “We are obliged to protect the dignity of our nation,” he said.

A spokesperson for the British government’s COP26 office declined to comment on security matters. Scotland police declined to provide an immediate comment.

A senior Turkish official earlier told Reuters that British authorities had not met Turkey’s requests over security.

“The president took such a decision because our demands regarding the number of vehicles for security and some other security-related demands were not fully met,” the official said.

Erdogan had previously said he would meet U.S. President Joe Biden in Glasgow, but they met in Rome on Sunday. read more

Last month, Turkey’s parliament ratified the 2015 Paris climate agreement, becoming the last G20 country to do so. read more

Ankara had held off ratification for years, saying Turkey should not be classed as a developed country with reduced access to funding to support emissions cuts under the accord. It also said Turkey is historically responsible for a very small share of carbon emissions.

Erdogan said last week Turkey had signed a memorandum of understanding under which it will get loans worth $3.2 billion to help it meet clean energy goals set out in the Paris accord. read more

Other absentees from the Glasgow meeting include Chinese President Xi Jinping, whose country is by far the biggest emitter of greenhouse gases, and President Vladimir Putin of Russia, one of the world’s top three oil producers.

Xi will address the conference on Monday via a written statement, according to an official schedule. Putin has dropped plans to participate in any talks live by video link, the Kremlin said.

Reporting by Orhan Coskun in Ankara with additional reporting by Elizabeth Piper in Glasgow
Writing by Daren Butler
Editing by Dominic Evans, Barbara Lewis and Mark Heinrich

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Oil rises on demand outlook, despite China fuel reserves release

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song

  • Kuwait, Iraq say OPEC+ should stick to increased targets
  • China releases gasoline, diesel reserves to bolster local supply
  • Biden pushes G20 energy producing countries to boost production

LONDON, Nov 1 (Reuters) – Oil prices rose on Monday as expectations of strong demand and a belief that a key producer group will not turn on the spigots too fast helped reverse initial losses caused by the release of fuel reserves by China, the world’s biggest energy consumer.

Brent crude futures rose 70 cents, or 0.8%, to $84.42 a barrel by 1012 GMT, after hitting a session low of $83.03.

U.S. West Texas Intermediate (WTI) crude futures gained 40 cents, or 0.5%, to $83.97, having fallen to $82.74 earlier.

“Fundamentals have not changed, and the oil market will remain tight in the near-term,” said Stephen Brennock of oil brokerage PVM Oil.

A Reuters poll showed that oil prices are expected to hold near $80 as the year ends, as tight supplies and higher gas bills encourage a switch to crude for use as a power generation fuel. read more

Oil rallied to multi-year highs last week, helped by a post-pandemic demand rebound and the Organization of the Petroleum Exporting Countries and allies led by Russia, or OPEC+, sticking to gradual, monthly production increases of 400,000 barrels per day (bpd), despite calls for more oil from major consumers.

OPEC+ is expected by analysts to stick to that number at its Nov. 4 meeting, with members Kuwait and Iraq in recent days voicing their support for it, saying those volumes were adequate. read more

U.S. President Joe Biden on Saturday urged major G20 energy producing countries with spare capacity to boost production to ensure a stronger global economic recovery as part of a broad effort to pressure OPEC+ to supplies. read more

Prices rose despite China saying in a rare official statement that it had released gasoline and diesel reserves to increase market supply and support price stability in some regions. read more

Spurred by rising oil prices, U.S. energy firms added oil and natural gas rigs for a 15th month in a row in October, taking them to the highest since April 2020, energy services firm Baker Hughes Co (BKR.N) said on Friday. read more

Exxon (XOM.N) and Chevron (CVX.N) are looking to add drilling rigs in the Permian shale basin after sharply cutting crews and output in the region last year, the companies said on Friday. read more

Additional reporting by Yuka Obayashi in Tokyo; Editing by Muralikumar Anantharaman

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Barclays CEO Staley leaves due to findings of Epstein probe

LONDON, Nov 1 (Reuters) – Barclays (BARC.L) said on Monday that chief executive Jes Staley is to stand down following British regulators’ investigations into his ties with convicted sex offender Jeffrey Epstein.

C.S. Venkatakrishnan, head of global markets, will replace him as CEO with immediate effect.

Barclays said it was made aware on Friday evening of the preliminary conclusions from the Financial Conduct Authority and the Prudential Regulatory Authority’s investigation into Staley’s characterisation to Barclays of his relationship with Epstein and the subsequent description of that relationship in Barclays’ response to the regulator.

“In view of those conclusions, and Mr Staley’s intention to contest them, the Board and Mr Staley have agreed that he will step down from his role as Group Chief Executive and as a director of Barclays,” the bank said.

“It should be noted that the investigation makes no findings that Mr Staley saw, or was aware of, any of Mr Epstein’s alleged crimes, which was the central question underpinning Barclays’ support for Mr Staley following the arrest of Mr Epstein in the summer of 2019.”

Barclays said last year that Britain’s financial regulators were probing links between Staley and Epstein, who killed himself while awaiting trial on sex trafficking offences. Staley has previously said his relationship with Epstein ended in late 2015, and that he regretted having any relationship with him.

The FCA and PRA said in a statement they could not comment further on the Epstein investigation.

“The board is disappointed at this outcome. Mr Staley has run the Barclays Group successfully since December 2015 with real commitment and skill,” the bank said in a statement.

UK regulators launched their investigations into links between Staley and Epstein after JPMorgan (JPM.N) provided them with emails the two exchanged when Staley was the head of JPMorgan’s private bank, the Financial Times reported last year.

The bank’s share price has fallen 9% since Staley became CEO.

Barclays fought off a campaign launched by activist investor Edward Bramson in 2018 to have Staley removed. Bramson sold his stake earlier this year.

Britain’s financial regulators and Barclays fined Staley a combined 1.1 million pounds ($1.50 million) in 2018 after he tried to identify a whistleblower who sent letters criticising a Barclays employee.

Reporting by Rachel Armstrong; editing by Louise Heavens, Kirsten Donovan

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Japan PM Kishida, strengthened by election win, lays out broad policy plans

TOKYO, Nov 1 (Reuters) – Japanese Prime Minister Fumio Kishida, invigorated by a surprisingly strong election victory, signalled on Monday he would pursue defence policies aimed at deterring China, address climate change and accelerate recovery from the pandemic.

Kishida’s conservative Liberal Democratic Party (LDP) defied predictions and held onto its single party majority in a Sunday election, solidifying his position as head of the fractious party and giving him a freer hand in parliament, with recovery from the coronavirus pandemic – including an extra budget – taking priority.

Some had feared that Kishida, only in power for a month, could become another one of Japan’s short-term prime ministers, but the election results – which set stocks surging in relief – will allow him to put his own stamp on policies ahead of an upper house election next summer.

The LDP’s solid victory in Japan’s parliamentary election also eased bond market fears of massive bond issuance because it will likely take pressure off Kishida to inflate the size of a pandemic-relief stimulus package. read more

“We will speedily implement policies to respond to the voices of the people we have received nationwide that strongly desire political stability and policy implementation,” the prime minister said at a news conference on Monday.

Key among those will be recovery from the pandemic, with Kishida pledging to work for an extra budget by the end of the year, look into restarting a travel subsidy programme to revive domestic tourism and compile a “large-scale” stimulus package around mid-November.

But he also placed emphasis on defence in a nod to the more hawkish views of backers in the LDP who supported him in his run for leader, the pursuit of which could become trickier given the electoral gains made by the dovish junior coalition partner Komeito.

The LDP included the unprecedented pledge to double defence spending to 2% of GDP in its party platform, a nod to its haste to acquire weapons to deter China’s military in the disputed East China Sea.

“When we think about protecting people’s lives and livelihood, a budget should not come first,” Kishida said.

“We need to think about what is really needed for that end. I’d like to proceed with this debate carefully so that I can gain Komeito’s understanding.”

DIPLOMACY, CLEAN ENERGY

Kishida added that Japan needed to consider the capability to strike enemy bases as an option to counter growing defence technology in other nations.

“What’s important is making checks constantly if a system is in place to protect people’s lives and livelihood amid a changing international situation and advancing technologies,” he said.

The prime minister, who spoke of “personal diplomacy” during the campaign, wasted no time kicking that off by announcing he would leave for Glasgow and the COP26 climate summit on Tuesday for his face-to-face debut at an international conference.

Saying his stimulus package would include investment on clean energy and funding aid to Asia, he also said he hoped Japan would take a leadership role on zero emissions in Asia.

Japan has set a target of 2050 for becoming carbon-neutral, and Kishida believes – in the face of considerable public opposition – that nuclear energy should remain an option.

While initial exit polls on Sunday suggested the LDP would have to rely on its junior coalition partner, Komeito, to keep a majority, the conservative party – in power for all but a few years since its founding in 1955 – instead won a solid majority of 261 seats on its own.

The party did take some notable hits, including the loss by LDP secretary-general Akira Amari, in his single-seat district. Though media reports said Amari would resign, Kishida said he would decide his future after the two had “thorough discussions”.

Voters took the results in their stride.

“This is pretty much as I expected, though I thought there might be a bit more of an impact from their handling of the coronavirus pandemic,” said Satoshi Tsujimoto, 53 and an office worker. He did not vote for the LDP.

Additional reporting by Sakura Murakami, Rikako Maruyama and Kohei Miyazaki; writing by Elaine Lies; editing by Lincoln Feast and Raju Gopalakrishnan

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Japan votes in test for new PM Kishida, political stability

  • Kishida’s coalition expected to keep its majority
  • New prime minister’s LDP may suffer a bruising
  • LDP losses could weaken Kishida’s clout, ability to do job

TOKYO, Oct 31 (Reuters) – Japanese voters went to the polls on Sunday to decide whether to endorse the conservative government of Fumio Kishida or weaken the new prime minister and possibly return the world’s third-largest economy to a period of political uncertainty.

The vote is a test for Kishida, who called the election soon after taking the top post early this month, and for his Liberal Democratic Party (LDP), which has been battered by its perceived mishandling of the coronavirus pandemic.

Already, Kishida has struggled to advance policies to help poorer people, while securing a big boost in military spending and taking a harder line on China.

With his lacklustre image failing to inspire voters, the LDP is on the brink of losing its majority in the lower house of parliament for the first time since 2009, opinion polls show, although its coalition with junior partner Komeito will stay in power.

“It’s hard to say the pandemic is completely snuffed out and society is stable, so we shouldn’t have any big changes in coronavirus policy,” said Naoki Okura, a doctor, after voting in Tokyo.

“Rather than demanding a change in government, I think we should demand continuity.”

Voting ends at 8 p.m. (1100 GMT), with projected results likely to come soon afterward from media exit polls.

TOUGH CONTESTS, REVOLVING DOOR?

Several key LDP lawmakers are facing particularly tough contests, including Akira Amari, the party’s secretary general.

“Revolving-door prime ministers is a weakness that many outside of Japan fear,” Sheila A. Smith, a senior fellow at the Council on Foreign Relations, wrote in a blog post. “Prime Minister Kishida will need a unified party and a strong electoral showing on Oct. 31 if he is to successfully tackle Japan’s difficult national agenda.”

Turnout will be crucial, since higher turnout tends to favour the opposition. As of 2 p.m., turnout stood at 21.49%, down 0.34 point from the previous lower house poll – but 16.6 million voted in advance, the Internal Affairs Ministry said.

The biggest opposition group, the Constitutional Democratic Party of Japan, is expected to gain seats but not come near toppling Kishida’s coalition.

“The only party with policies aimed at people in their 20s and 30s is the Constitutional Democrats, things like income tax and so on,” said office worker Daisuke Matsumoto, 27. “It’s true other parties have policies aimed at child-raising, but what about those of us who are childless?”

A big loss of LDP seats could lead to party infighting, returning Japan to an era of short-lived administrations that diminished its global stature, until Shinzo Abe helmed the country for a record eight years to September 2020. The dovish Komeito could also gain more clout within the coalition.

Uncertainty is high, with the Nikkei newspaper estimating 40% of single-seat districts have close races and recent polls showing some 40% of voters undecided.

Kishida’s publicly stated goal is for his coalition to keep a majority, at least 233 seats, of the 465 in the lower house. Before the election, the coalition had a commanding two-thirds majority of 305, with the LDP holding 276.

Investors and political watchers are focussed on whether the LDP – in power for all but brief spells since it was formed in 1955 – can keep its majority as a single party. Losing that would erode Kishida’s power base in the factional LDP and the party’s standing against the Komeito.

The usually splintered opposition is united, arranging for only one party – including the widely shunned Japanese Communist Party – to face off against the coalition in most districts, with analysts saying this is creating a number of neck-and-neck battles.

But the opposition has failed to capture the hearts of voters, with only 8% supporting the Constitutional Democrats while 39% back the LDP, according to a poll last week by public broadcaster NHK.

Still, some voters – like Yoshihiko Suzuki, who voted for the Constitutional Democrat in his voting district and the Communists in proportional representation – hoped the poll might teach the LDP a lesson.

Suzuki, 68 and retired, said Abe’s eight years in power made the LDP complacent and arrogant, underscored by a series of money and cronyism scandals.

“I hope this election comes as a wakeup call for them,” he added. “If it does, the LDP will become a better party, considering the number of talented lawmakers they’ve got.”

Reporting by Sakura Murakami, Elaine Lies, Irene Wang, Daniel Leussink, Kiyoshi Takenaka and Yoshifumi Takemoto; Writing by Sakura Murakami and Elaine Lies; Editing by William Mallard

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GameStop chief operating officer Owens leaves after 7 months

A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. Picture taken January 27, 2021. REUTERS/Nick Zieminski/File Photo

Oct 29 (Reuters) – GameStop Corp (GME.N), the company whose stock became a sensation with day traders this year, said on Friday that Jenna Owens agreed to leave, just seven months after joining the video game retailer as its chief operating officer.

It is the first major executive departure at GameStop since the company hired a new chief executive officer, Matt Furlong, in June.

Owens, who was a top executive at Amazon.com Inc (AMZN.O) and Alphabet Inc’s (GOOGL.O) Google, joined GameStop in March. She was one of the technology veterans recruited by Ryan Cohen, the co-founder and former CEO of online pet food retailer Chewy Inc (CHWY.N), as he laid the groundwork to transform the moribund brick-and-mortar retailer into an e-commerce powerhouse.

GameStop did not provide a reason for Owens’ departure, which is effective immediately. The company said in a regulatory filing that it and Owens had reached a “separation agreement,” which is typically negotiated when companies and their executives do not see eye-to-eye.

GameStop also used separation agreements when it parted ways with its chief financial officer Jim Bell and chief executive officer George Sherman earlier this year. They were replaced by Furlong as CEO and Mike Recupero as CFO.

Owens will be entitled to a severance package, the filing said. Her duties will be taken up by other senior GameStop managers.

The company declined to comment beyond the filing. Owens could not immediately be reached for comment.

Cohen and two other former Chewy executives joined the GameStop board in January, right before retail investors piled into the company’s stock and drove it up more than 2,500%. The shares have given up some of their gains and GameStop is now valued at roughly $14 billion.

Since becoming chairman in June, Cohen has pushed aggressively to improve customers’ experience but has not offered a detailed plan about how GameStop will achieve its digital transformation. read more .

The Grapevine, Texas-based company’s business of selling video games for consoles faces competition from streaming services such as those of Apple Inc (AAPL.O), which allow users to play video games on their TV sets without a console required.

Cohen recruited a number of executives from Amazon, including Furlong and Elliott Wilkie who joined as chief growth officer in March.

Public records and filings show the company has hired dozens of new executives with supply chain and technology backgrounds from companies including Chewy and ecommerce company Zulily.

Cohen and Furlong have also let go several senior employees in recent months who have not fit their system, the two sources said.

(This story has been refiled to fix typo in lede)

Reporting by Svea Herbst-Bayliss in Boston
Editing by Greg Roumeliotis

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