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☆ Ecuador referendum: Early results and gang member’s arrest give President Daniel Noboa’s war on crime a boost
▼ + stars: | 2024-04-22 | by ( Abel Alvarado | ) edition.cnn.com time to read: +4 min

CNN —Early results from Ecuador’s referendum suggest President Daniel Noboa has won public backing for security measures aimed at boosting his war on crime. And the good news for Noboa was compounded Monday when police announced they had arrested a notorious alleged gang leader. Both those proposals would require modifying Ecuador’s Constitution, which currently forbids the extradition of Ecuadorians under any circumstances. Gang leader arrestedIn another boost for Noboa, police said in a post on X that they had arrested notorious alleged gang leader Fabricio Colon Pico on Monday morning. Thirty-eight other inmates had escaped along with Colon Pico, of which 12 have since been recaptured, Ecuador’s penitentiary service told CNN.

Persons: Daniel Noboa, Noboa, ”, Guillermo Lasso, Fabricio Colon Pico, Colon Pico, Diana Salazar, Colon Pico’s jailbreak, – José Adolfo Macías, Choneros – Organizations: CNN, National Electoral Council, National Assembly, Noboa, Los Lobos Locations: Ecuadorians, Quito, Ecuadorian, Riobamba

☆ More than 400 Condé Nast staffers stage one-day walkout to protest layoffs
▼ + stars: | 2024-01-23 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

The company then revised the plan, announcing it would lay off 94 unionized members, or some 20% of the Condé Nast Union. It is time to start bargaining in good faith with us.”The NewsGuild of New York has filed an unfair labor practice charge on behalf of Condé Nast Union, citing regressive bargaining. “Media workers at Condé Nast are key to the company’s success and reputation for excellence. “Guild members in Condé Nast Union walked off the job today to remind management of their worth and urge company reps to bargain in good faith. We demand nothing less.”A Condé Nast spokesperson dd not immediately respond to a request for comment.

Persons: Condé Nast, Prada, “, ” Ben Dewey, Condé Nast, Susan DeCarava, Condé Organizations: CNN, Condé, Vogue, GQ, New, New York City, Condé Nast Union, CNE, Condé, Condé Nast Union, “ Media, Los Angeles Times, Washington Post Locations: New York, Condé Nast, Condé Nast

☆ Guyana will stay alert after Venezuela vote on territorial dispute -VP
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +3 min

The U.S. State Department said on Monday it supports a peaceful resolution of the dispute and that the issue could not be solved by a referendum. Venezuelans on Sunday backed the rejection of ICJ jurisdiction over the dispute and the creation of a new state in Esequibo. Analysts have said the vote was an attempt by President Nicolas Maduro to gauge his government's support ahead of a 2024 presidential election. Maduro has assured Caribbean countries that he will not invade the region, Jagdeo said, but Guyana will not let its guard down. "A new era in the fight for our Guayana Esequiba has begun," he added, using the proposed name for the new Venezuelan state.

Persons: Nicolas Maduro, Jorge Rodriguez, Elvis Hidrobo Amoroso, Bharrat Jagdeo, Maduro, Jagdeo, Esequiba, Mayela Armas, Deisy, Julia Symmes Cobb, Richard Chang Organizations: Venezuelan National, Electoral Council, National Electoral Council, Justice's, International Court of Justice, U.S . State Department, Sunday, ICJ, Conference of, Guyanese, Thomson Locations: Venezuelan, CARACAS, Guyana, Esequibo, Venezuela, Dubai, Caracas, Bogota

Any U.S. action would come only after Venezuela's opposition and Maduro's representatives sign an agreement under which he commits to a presidential election date and to the lifting of bans on some opposition candidates, these two sources said. It would also allow participation of opposition figures who are currently barred from holding office, the source added. Reuters reported last week, citing five sources, that Venezuela and the United States had progressed in talks that could allow at least one additional foreign oil firm to take Venezuelan crude oil for debt repayment if Maduro resumed negotiations with the opposition. Two of those sources had named France's Maurel & Prom (MAUP.PA), a joint venture partner with Venezuela state-run oil company PDVSA, as a possible recipient of a comfort letter. The return to talks was announced in a statement published by Norway, an observer of the talks, which are meant to provide a way out of Venezuela's long-running political and economic crisis.

Persons: Elvis Hidrobo Amoroso, Jesus Maria Casal, Venezuela's, Leonardo Fernandez Viloria, Nicolas Maduro, Maduro, Maduro's, Maurel, Maria Corina Machado, Mayela Armas, Matt Spetalnick, Marianna Parraga, Julia Symmes Cobb Organizations: Electoral Council, Primary Commission, REUTERS, Rights, Reuters, Thomson Locations: Caracas, Venezuela, Rights CARACAS, WASHINGTON, United States, Washington, Barbados, U.S, mull, Israel, Norway, Houston

The negotiations, meant to provide a way out of Venezuela's long-running political and economic crisis, will take place in Barbados. The U.S. State Department celebrated the announcement of the return to talks but did not mention sanctions relief. Some members of the opposition said on Monday that they doubted Maduro would follow through on his promises. But with no substantial investment in Venezuela's oil sector for over a decade, any real oil output increase will take time, according to analysts. The return to talks between Maduro's government and the opposition was announced in a statement published by Norway, an observer.

Persons: Elvis Hidrobo Amoroso, Jesus Maria Casal, Venezuela's, Leonardo Fernandez Viloria, Nicolas Maduro, Joe Biden's, Donald Trump's, Maduro, Maria Corina Machado, Maurel, PDVSA, Maduro's, Washington, Biden, John Barrasso, Mayela Armas, Matt Spetalnick, Marianna Parraga, Julia Symmes Cobb, David Gregorio Our Organizations: Electoral Council, Primary Commission, REUTERS, Rights, U.S . State Department, Reuters, U.S, Republican U.S, United Nations, Thomson Locations: Caracas, Venezuela, Rights CARACAS, WASHINGTON, HOUSTON, Washington, U.S, Maduro, Barbados, United States, Venezuelan, The U.S, Qatar, China, Russia, Cuba, Ukraine, OPEC, America, Norway, Houston

Jesus Maria Casal, president of Venezuela's opposition's National Primary Commission, leaves after a meeting with Elvis Hidrobo Amoroso, head of Venezuela's National Electoral Council (CNE), in Caracas, Venezuela September 25, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsCARACAS, Oct 2 (Reuters) - Venezuela's opposition election commission said on Monday it will move forward with its late October primary vote to pick its presidential candidate for next year's general election, after the country's national electoral council sought a delay. But most of the 13 opposition candidates rejected this request, preferring to keep the Oct. 22 primary, while criticizing what they called a slow CNE response. Venezuela's opposition counts some 3,000 voting centers, according to commission president Jesus Maria Casal. Venezuelan authorities have in recent months disqualified some opposition candidates, including former lawmaker Maria Corina Machado, the opposition's leading hopeful in polls.

Persons: Jesus Maria Casal, Venezuela's, Elvis Hidrobo Amoroso, Leonardo Fernandez Viloria, Nicolas Maduro's, Maria Corina Machado, Vivian Sequera, Mayela Armas, Sarah Morland, David Alire Garcia, Sonali Paul Organizations: Primary Commission, Electoral Council, REUTERS, Rights, Thomson Locations: Caracas, Venezuela, Rights CARACAS

CNN —Ecuadorians have voted to ban oil drilling in one of the most biodiverse places on the planet, the Yasuní National Park, situated in the Amazon rainforest. The Yasuní National Park park spans around 1 million hectares (2.5 million acres) at the meeting point of the Amazon, the Andes and the Equator. In 2016, the Ecuadorian state oil company began drilling in Block 43 – around 0.01% of the National Park – which today produces more than 55,000 barrels a day, amounting to around 12% of Ecuador’s oil production. Yasunidos, an environmental collective, has been pushing for the vote to ban drilling in the park for a decade. “This referendum presents a huge opportunity for us to create change in a tangible way,” Helena Gualinga, an Indigenous rights advocate from a remote village in the Ecuadorian Amazon, told CNN.

Persons: CNN — Ecuadorians, Rafael Correa, Fernando Santos, ” Santos, ” Helena Gualinga, Yasunidos, Mitch Anderson, Fernando L, Ecuadorians, ”, Luisa González, Daniel Noboa Organizations: CNN, Electoral, Movimiento Revolución Locations: Ecuador, Europe, North America, Ecuadorian

Gonzalez is set to face the surprise second-place finisher Daniel Noboa in a run-off election in October, according to the National Electoral Council of Ecuador (CNE), as neither candidate won more than 50% of the ballot. Ecuador presidential candidate Daniel Noboa makes remarks as he arrives to participate in a presidential debate on August 13. Crime has topped the agenda of this year’s presidential race, which was punctuated by the assassination of presidential candidate Fernando Villavicencio, an outspoken anti-corruption journalist. Gunfire interrupted Noboa’s caravan on Thursday as he was traveling in Guayas province, but authorities say the presidential candidate was not the target of the incident. But the winner of October’s run-off vote will have relatively little time to work on a solution.

Persons: CNN — Luisa González, Gonzalez, Daniel Noboa, Ecuadorians, Diana Atamaint, González, Rafael Correa –, Álvaro Noboa –, Guillermo Lasso, Karen Toro, Fernando Villavicencio, Pedro Briones, Christian Zurita, October’s Organizations: CNN, Movimiento Revolución, Sunday, Electoral, Accion Democratica Nacional, Electoral Council Locations: Ecuador, Belgium, Esmeraldas province, Guayas, Quito, Russia, Ukraine, China, Bangladesh

☆ London's FTSE 100 gains on upbeat results; Capricorn Energy drops
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleSummarySummary Companies FTSE 100 up 0.1%, FTSE 250 off 0.2%April 27 (Reuters) - The UK's FTSE 100 edged higher on Thursday, snapping a three-day losing streak as markets cheered upbeat corporate updates, while shares of Capricorn Energy fell due to a full-year operating loss. The blue-chip index (.FTSE) was up 0.1%, while the mid-cap FTSE 250 (.FTMC) lost 0.2%, as of 0717 GMT. Banks (.FTNMX301010) added 0.7%, led by Barclays (BARC.L) gaining 2.7% after the lender's first-quarter profit exceeded expectations as strong performance from its credit card business offset pressure on other business lines. Unilever (ULVR.L) gained 1.3% after it smashed quarterly sales forecasts as another big rise in prices triggered only a small dip in volumes.

☆ BP, ADNOC’s Mediterranean debut ticks three boxes
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 28 (Reuters Breakingviews) - BP (BP.L) and the Abu Dhabi National Oil Company (ADNOC) are tying the knot. The duo plan to set up a joint venture to buy gas assets in the eastern Mediterranean. On the other hand, the $4 billion NewMed net asset value implied by BP and ADNOC’s bid is some way ahead of the $2.6 billion estimated by hedge fund Palliser during NewMed’s autumn dalliance with Capricorn Energy (CNE.L). And after rethinking the speed with which it’s cutting its oil and gas production, BP wants to show investors that it can identify suitable fossil fuel projects. NewMed shares only jumped 38% to around 10 shekels on Tuesday, implying doubt about whether the deal will happen.

☆ Exclusive: Irenic Capital urges Theravance to conduct review, add shareholder to board
▼ + stars: | 2023-02-27 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 27 (Reuters) - Activist investor Irenic Capital Management is urging Theravance Biopharma Inc (TBPH.O) to initiate a review of strategic alternatives, including a full sale, and to add a shareholder to its board, according to a letter seen by Reuters. Irenic owns a 4.2% stake in the biotechnology company and has criticized its lagging valuation and stock-based compensation to its chief executive and board chair, Rick Winningham. Irenic also called on Theravance to use excess cash to immediately issue a $300 million special dividend to shareholders. They suggested Dodge as a director candidate but wrote in the letter that the company rejected him as a candidate. Irenic is the latest hedge fund to propose changes at poorly performing biotech companies.

Palliser and some of Capricorn's biggest shareholders had also publicly opposed a planned merger with Israeli gas producer NewMed (NWMDp.TA), with major proxy advisers recommending votes against the merger plan and Capricorn's board. Chairperson Nicoletta Giadrossi, CEO Simon Thomson and three other directors stepped down from the board with immediate effect, Capricorn said on Tuesday. NewMed said in a statement following Capricorn's board shake-up that it saw a significantly smaller chance of finalising the merger. Capricorn postponed the NewMed vote to Feb. 22, while the meeting called by Palliser regarding the directors will go ahead as planned. The NewMed merger plan, announced in September, aims to create an Israel-Egypt focused gas producer, but several shareholders have said the deal undervalues Capricorn.

☆ NewMed pushing forward with Capricorn merger ahead of Feb. 1 vote
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Jan 15 (Reuters) - Israel's NewMed Energy LP (NWMDp.TA) said on Sunday it was making final arrangements for a merger with UK-based Capricorn Energy (CNE.L), whose shareholders will vote on whether to approve the deal on Feb. 1. Capricorn's shareholder ballot is due the same day as a vote triggered by activist shareholder Palliser wanting to oust Capricorn's leadership. The proposed deal values Capricorn at $338 million in addition to a $620 million special dividend. When the planned all-share deal was announced in September, NewMed offered 271 UK pence per ordinary share to Capricorn shareholders. The vote on the merger is planned for 0900 GMT on Feb. 1, while a vote on Palliser's proposition to rejig Capricorn's board is scheduled for 1400 GMT on the same day, Capricorn said.

"We are ready to add a number of your nominees to the board promptly and well before the general meetings," Capricorn said in a letter to Palliser posted on its website. Capricorn declined to clarify how exactly the board might change. Madison Avenue Partners, Capricorn's biggest shareholder at around 8%, on Monday separately reiterated its opposition to the board. The shareholder meeting to vote on the board changes is planned for Feb. 1, with a shareholder vote on the NewMed deal "on or around the same date", Capricorn said. "Holding the general meetings so close together deprives any reconstituted Capricorn board of the opportunity to re-assess the merits and terms of the NewMed transaction in parallel with a consideration of a range of other options," the statement said.

SummarySummary Companies Crystal Amber proposes removal of chairman, CEO and CFOProposes appointment of two new directorsShares up 5%Dec 23 (Reuters) - Hurricane Energy's (HUR.L) largest shareholder Crystal Amber Fund (CRSL.L) is calling for the removal of top management at the British company and the appointment of two directors from another firm that the fund says could invest in Hurricane. Activist investor Crystal Amber, which holds 28.9% in the North Sea oil and gas producer, said on Friday it had issued a requisition notice for a shareholder meeting, seeking to remove Hurricane Chairman Philip Wolfe, CEO Antony Maris, and finance chief Richard Chaffe. If the two are appointed, Crystal Amber said it would be supportive of bringing on Albion as an investor in Hurricane to raise funds for the company to spend on drilling programmes. Hurricane said it was reviewing the requisition notice from Crystal Amber and that all participants in its sale process had been requested to submit their bids by Jan. 7. "The Fund has concluded that in the continuing absence of a firm offer that reflects the value of Hurricane, it would be better served under new management," Crystal Amber said in a statement.

LONDON, Dec 19 (Reuters) - Capricorn Energy's (CNE.L) third-biggest shareholder, Palliser Capital, has called for a general meeting to set a vote on removing seven Capricorn directors from supervisory roles including the CEO, according to documents seen by Reuters. "We have requisitioned the board of Capricorn Energy ... to convene a general meeting (the "EGM") of the Company," Palliser Chief Investment Officer James Smith said in a Dec. 19 letter to Capricorn shareholders. "The EGM will enable shareholders to vote on resolutions to effect the removal of seven current Capricorn directors and the appointment of six independent, highly-qualified replacement candidates." The directors that Palliser wants to remove include Capricorn Chief Executive Officer Simon Thomson and its chief financial officer, also named James Smith, who both hold executive and supervisory roles. The shareholder meeting to vote on Palliser's resolutions has to take place by Jan. 30, Palliser said.

☆ Israel's NewMed Energy leaning towards floating LNG expansion
▼ + stars: | 2022-11-24 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

JERUSALEM, Nov 24 (Reuters) - Israel's NewMed Energy (NWMDp.TA) said on Thursday it was leaning towards building a floating liquefied national gas (FLNG) terminal to further develop its Leviathan gas field off Israel's Mediterranean coast. "The floating (LNG terminal) is really where we are heading right now," chief executive Yossi Abu told Reuters after NewMed issued third-quarter financial results that beat estimates. NewMed earned a net $123 million in July-September, compared with a $50 million loss a year earlier. Revenue net of royalties from natural gas rose 28% to $265 million in the quarter. Over the first nine months of the year, 8.5 bcm of natural gas has been produced from Leviathan, NewMed said.

☆ EXCLUSIVE Hedge fund Irenic asks Capricorn Energy to ditch NewMed deal
▼ + stars: | 2022-10-19 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

The company's stock price closed up 0.25% at 244.60 penceThe NewMed transaction would result in Capricorn being paid a $620 million special dividend. It would also leave them with a 10.3% stake in the combined company, with NewMed shareholders owning 89.7%. A liquidation could value Capricorn's assets at 350 pence per share, versus the 254 pence-per-share valuation in the NewMed deal, according to Irenic. "The company has yet to present shareholders with any proposal that represents superior value relative to the straightforward liquidation value we have assessed," Irenic wrote in the letter. Prior to agreeing on a sale to NewMed, Capricorn scrapped plans to merge with Tullow Oil Plc (TLW.L) in a deal that would have valued Capricorn shares at 210 pence and would have given Capricorn investors 47% of the new entity.

LONDON, Sept 29 (Reuters) - Capricorn Energy (CNE.L) plans to merge with Israel's NewMed (NWMDp.TA) in an all-share deal after paying a $620 million special dividend to its shareholders, ditching a previous scheme to merge with Tullow Oil (TLW.L). The deal would value Capricorn shares at 271 pence, a 13 % premium to its last closing price. The deal with West Africa-focused Tullow, which declined to comment on Thursday's news, had valued Capricorn at around 210 pence per share. The merger would see Capricorn issue new shares to NewMed investors based on an exchange ratio of around 2.34 per NewMed share, which will see Capricorn shareholders hold just over 10% of the new company. Capricorn's Chief Financial Officer James Smith will stay on with NewMed Energy, which is set to pay out at least 30% of its cah flow in dividends.

☆ Dialog putere-opoziţie: Venezuela va organiza alegeri regionale în noiembrie
▼ + stars: | 2021-05-14 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Aceste alegeri vor fi primele după alegerile legislative din 2020 şi prezidenţialele din 2018 care au văzut realegerea preşedintelui Nicolas Maduro în 2018. "CNE s-a născut dintr-un mare dialog cu toate sectoarele opoziţiei, toate sectoarele, cu excepţia unuia! Sectorul extremist, pucist, care a facilitat loviturile, sancţiunile, atacurile. Dacă Guaido doreşte să integreze dialogurile în curs, bun venit! Dar să nu se considere şef, conducătorul suprem al unei ţări care nu-l recunoaşte", a spus preşedintele socialist.

Persons: Nicolas Maduro, Juan Guaido, Miercuri, Henrique, prezidenţiale.Nicolas Locations: Statele Unite, Norvegia, anunţul

☆ Consiliul Național al Energiei a UTM – membru al Platformei Naționale a Forumului Societății Civile din cadrul Parteneriatului Estic
▼ + stars: | 2021-05-12 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Consiliul Național al Energiei , al cărui board include mai mulți UTM-iști merituoși, a fost acceptat în calitate de membru în cadrul Platformei Naționale a Forumului Societății Civile (FSC) din cadrul Parteneriatului Estic (PaE), decizia fiind adoptată în ședința plenară a Platformei Naționale din 11 mai 2021. Platforma Națională a FSC din PaE are misiunea de a consolida procesul de integrare europeană și de dezvoltare democratică a Republicii Moldova, de a contribui la procesul de advocacy și de monitorizare în implementarea Acordului de Asociere cu Uniunea Europeană, precum și a altor documente relevante ce se referă la Parteneriatul Estic și la relația dintre Republica Moldova și Uniunea Europeană, transmite utm.md. În domeniul energetic cooperarea dintre Republica Moldova și Uniunea Europeană a început în anul 2009, odată cu aderarea la Tratatul Comunității Energetice și căpătarea de către Moldova a statutului de Parte Contractantă. FEIE (Facultatea Energetică și Inginerie Electrică, UTM) Valentin ARION – președinte AO CNE; absolventă FEIE-UTM Lucia ARSENII, alumnă LIFE Academy – vicepreședintă AO CNE; lect. Consiliul Național al Energiei este o asociație obștească ce promovează politici de combatere a schimbărilor climatice și protecție a mediului prin eficiență energetică și valorificare a surselor regenerabile de energie pentru o dezvoltare sustenabilă.

Persons: . hab, Valentin ARION, UTM Lucia, ., Constantin, UTM Ion STRATAN, Valeriu COSARCIUC Organizations: UTM, Societății Civile, Estic, Uniunea Europeană, Energetice, Universității Tehnice, Moldovei, Energiei Locations: PaE, Republicii Moldova, Republica Moldova, Moldova, UTM Lucia ARSENII

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