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☆ EU antitrust regulators set Oct. 23 deadline for Arcelik, Whirlpool deal
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File photo Acquire Licensing RightsCompanies Arcelik AS FollowWhirlpool Corp FollowBRUSSELS, Sept 21 (Reuters) - EU antitrust regulators will decide by Oct. 23 whether to clear Turkish domestic appliances maker Arcelik's (ARCLK.IS) proposed purchase of Whirlpool's (WHR.N) European domestic appliances business, an European Commission filing showed on Thursday. Under the deal announced in January, the companies will set up a new entity made up of Arcelik's European units such as major domestic appliances, small domestic appliances and consumer electronics and Whirlpool's European business. The EU competition watchdog can either clear the deal with or without seeking remedies after its preliminary review or it can open a four-month investigation if it has serious concerns. The UK competition agency is also assessing the deal, with a decision due by Sept. 28.

Persons: Yves Herman, Arcelik, Blomberg, Foo Yun, Mark Potter Organizations: European Commission, REUTERS, Whirlpool, Commission, EU, Zenith, Thomson Locations: Brussels, Belgium, BRUSSELS, Arctic, Altus, Grundig

Summary Egypt seeking cheaper wheat amid dollar crunchRussia blocked deal that undercut price floor- tradersCAIRO, Sept 21 (Reuters) - Egypt is in talks with an Abu Dhabi-based bank for a loan facility that would finance wheat purchases from Kazakhstan, three traders told Reuters. The move could give Egypt a cheap alternative to grain from Russia, which has supplied an increasing share of Egypt's wheat since last year but recently blocked a deal for a purchase below an unofficial price floor for wheat purchases, traders say. Russia's agriculture ministry recently prevented the private sale of 480,000 tons of Russian wheat to Egypt, apparently because it was sold below the price floor, traders told Reuters. Kazakhstan is already an approved wheat import origin for Egypt, but purchases from the Central Asian country are rare. The Egyptian government recently signed a $500 million loan agreement with the Abu Dhabi Exports Office (ADEX) to buy imported wheat from UAE-based agribusiness Al Dahra.

Persons: Abu, GASC, Sarah El Safty, Michael Hogan, Aidan Lewis, Mark Potter Organizations: Reuters, General Authority for Supply Commodities, Central, Abu, Abu Dhabi Exports Office, Thomson Locations: Egypt, Russia, CAIRO, Abu Dhabi, Kazakhstan, Ukraine, France, Bulgaria, UAE

☆ Adidas CEO: Kanye West didn't mean antisemitic remarks
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Sept 20 (Reuters) - Adidas CEO Bjorn Gulden has defended the artist formerly known as Kanye West, saying he didn't think the divisive celebrity meant the antisemitic remarks that led to his lucrative Yeezy collaboration with the German sportswear giant being axed. Commenting on the scandal which has cost Adidas tens of millions in lost sales, Gulden told the In Good Company podcast that Ye had made some statements that weren't "that good". Adidas did not respond to Reuters' emailed request for comment on the podcast interview. Strong sales of Yeezy stocks have helped narrow a projected full-year loss at the company. In the podcast, Gulden spoke of the dangers of working with celebrity collaborators: "When you work with third parties that could happen," he said.

Persons: Bjorn Gulden, Gulden, Ye, Rachel More, Mark Potter Organizations: Adidas, West, Good Company, Reuters, Puma, Gulden, Thomson

REUTERS/Angus Mordant/File Photo Acquire Licensing RightsNEW YORK, Sept 19 (Reuters) - A federal judge on Tuesday said DoorDash (DASH.N), Grubhub (TKWY.AS) and Uber Eats (UBER.N) can sue New York City over a law capping how much they can charge restaurants for delivering meals. "Good news from New York City," CEO of Grubhub's parent company Just Eat Takeaway, Jitse Groen, wrote on X, formerly known as Twitter. Woods said the plaintiffs adequately alleged that the law unconstitutionally interfered with their ability to collect higher commissions under their contracts with restaurants. The plaintiffs have said commission caps would necessitate higher delivery fees, resulting in higher prices for consumers and less revenue for restaurants. The case is DoorDash Inc et al v City of New York, U.S. District Court, District of New York, No 21-07564.

Persons: Angus Mordant, DoorDash, Gregory Woods, Nicholas Paolucci, Grubhub, Jitse Groen, Woods, Jonathan Stempel, Diana Mandiá, Mark Potter, Timothy Gardner Organizations: REUTERS, New, Constitution, New York, City Council, Council, Twitter, Thomson Locations: Manhattan , New York, U.S, New York City, Manhattan, New York, Amsterdam, San Francisco, City of New York, Gdansk

☆ Exclusive: U.S. FDA found lapses at Novo's main U.S. factory in May 2022 -report
▼ + stars: | 2023-09-20 | by ( Maggie Fick | ) www.reuters.com time to read: +4 min

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. A Form 483 is a type of agency report containing "observations" that FDA inspectors "deem to be objectionable". The FDA did not immediately respond to a request for comment on the report, but usually does not comment on inspections. The report from the May 2022 inspection shows that FDA officials found the factory had failed to include one type of bacteria, abbreviated as B. cepacia, on its list of "objectionable organisms". Analysts at Barclays and Jefferies said in notes this week that, although investors may be concerned by news of potential manufacturing issues, they saw minimal impact on Novo's production of semaglutide.

Persons: Andrew Kelly, Clayton, Jefferies, Steven Lynn, Maggie Fick, Josephine Mason, Mark Potter Organizations: Food and Drug Administration, FDA, REUTERS, Novo Nordisk, Reuters, U.S . Food, Drug Administration, Barclays, Manufacturing, Thomson Locations: White Oak , Maryland, U.S, North America, Clayton , North Carolina

☆ Tesla supplier Hota to build first US factory in New Mexico
▼ + stars: | 2023-09-20 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

TAIPEI, Sept 20 (Reuters) - Tesla supplier Hota Industrial Mfg. Co (1536.TW) will invest $99 million to build its first plant outside of Asia in the U.S. state of New Mexico, the Taiwanese company said on Wednesday, citing greater emphasis on regional production in supply chains. Hota, which makes gears and other auto components primarily in Taiwan, said it would begin construction on the factory in Santa Teresa, near the U.S. border with Mexico, early next year and mass production in 2025. Hota is a key supplier to Tesla (TSLA.O), GM (GM.N) and Ford (F.N). James Huang, chairman of the Taiwan External Trade Development Council, said EVs would be an important focus for bilateral trade and especially in New Mexico.

Persons: David Shen, Shen, Michelle Lujan Grisham, TSMC, James Huang, EVs, Huang, Sarah Wu, Mark Potter Organizations: Industrial Mfg ., U.S ., New, Reuters, GM, Ford, Taiwan External Trade Development Council, U.S, Thomson Locations: TAIPEI, Asia, U.S ., New Mexico, Taiwan, Santa Teresa, U.S, Mexico, China, United States, Taipei, American, Arizona

☆ EU watchdog scrutinises banks' defences after SVB, Credit Suisse woes
▼ + stars: | 2023-09-19 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Recent banking crises in the United States, where Silicon Valley Bank collapsed, and in Switzerland where UBS was forced to acquire Credit Suisse, show that banks and regulators need to increase preparedness for rapidly unfolding crises, the Single Resolution Board (SRB) said. Forcing banks in the EU's banking union to have minimum requirement for own funds and eligible liabilities (MREL) was a lesson from the 2008 global financial crisis where taxpayers had to bail out banks. MREL debt is written down in a crisis to "bail in" the bank and help stop it from being "too big to fail". The SRB, which sets MREL targets, said that by the end of 2022, two-thirds of banks met their final target. Evaporating liquidity was a hallmark of recent banking turmoil and is being scrutinised in resolution plans of banks.

Persons: Huw Jones, Mark Potter Organizations: Silicon, Silicon Valley Bank, UBS, Credit Suisse, Thomson Locations: European, United States, Silicon Valley, Switzerland

☆ Governments race to regulate AI tools
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +7 min

ITALY* Investigating possible breachesItaly's data protection authority plans to review artificial intelligence platforms and hire AI experts, a top official said in May. ChatGPT became available to users in Italy in April after being temporarily banned over concerns by the national data protection authority in March. The country's privacy watchdog said in June it had warned OpenAI not to collect sensitive data without people's permission. SPAIN* Investigating possible breachesSpain's data protection agency said in April it was launching a preliminary investigation into potential data breaches by ChatGPT. It has also asked the EU's privacy watchdog to evaluate privacy concerns surrounding ChatGPT.

Persons: Dado Ruvic, Ursula von der Leyen, CNIL, Ziv Katzir, Israel, ChatGPT, OpenAI, Antonio Guterres, Guterres, Mark Zuckerberg, Elon Musk, Lawmakers, Joe Biden's, Beryl Howell, Alessandro Parodi, Amir Orusov, Kirsten Donovan, Mark Potter, Christina Fincher, Milla Nissi Organizations: REUTERS, Baidu, Microsoft, Markets Authority, Big Tech, Britain, HK, SenseTime, Israel Innovation Authority, EU, UNITED, . Security, International Atomic Energy Agency, United Nations, U.S, IBM, Nvidia, Washington D.C, U.S . Federal Trade Commission, Thomson Locations: AUSTRALIA, Australia, BRITAIN, CHINA, China, FRANCE, Italy, Hiroshima, Japan, IRELAND, ISRAEL, Israel, ITALY, JAPAN, U.S, SPAIN, New York, Washington, Gdansk

With short sellers looking to profit from the stock, it closed at $55.17 after touching a high of $69 on Friday. Arm shares underperformed the Philadelphia semiconductor index (.SOX), which closed down 0.96% on Tuesday as rising bond yields weighed on growth sectors such as technology. Short sellers need to borrow a stock to short it, and the relationship between shares on loan and shorted is normally quite close, according to Ortex. By comparison, Tesla (TSLA.O), a stock with a similar percentage of shorted shares, has a cost to borrow at 0.48%, Ortex said. Arm's higher cost to borrow "can be an indication that the demand to borrow, and short, the stock is high," Hillerberg said.

Persons: Dado Ruvic, Daniel Morgan, Morgan, Thomas Martin, Ortex, Peter Hillerberg, Hillerberg, Needham, Lewis Krauskopf, Sinéad Carew, Lisa Bernhard, Mark Potter, Matthew Lewis Organizations: REUTERS, Arm Holdings, ARM, Nvidia, GLOBALT Investments, Bernstein, underwriters, Klaviyo Inc, Thomson Locations: Philadelphia, Atlanta, New York

☆ Amid imports dispute, Poland tells Ukraine to remember its help
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Polish President Andrzej Duda speaks as he attends the military parade on Armed Forces Day, celebrated annually on August 15 to commemorate Poland's victory over the Soviet Union's Red Army in 1920, in Warsaw, Poland, August 15, 2023. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsWARSAW, Sept 19 (Reuters) - Ukraine should remember that it receives help from Poland, the Polish president said on Tuesday, amid a deepening dispute between the countries over agricultural imports. The ban was introduced after the countries saw a flood of cheap imports from Ukraine as it struggled to ship grain further afield. Duda said that if Ukraine filed the complaint, Poland would explain the situation before the tribunal. He underscored that the ban regarded imports but not transit of Ukrainian grain.

Persons: Andrzej Duda, Kacper, Duda, Alan Charlish, Karol Badohal, William Maclean, Mark Potter Organizations: Armed Forces, Soviet Union's Red Army, REUTERS, Rights, United Nations General Assembly, European Commission, World Trade Organization, Kyiv, Thomson Locations: Warsaw, Poland, Ukraine, New York, Slovakia, Hungary, Romania, Bulgaria

☆ US SEC charges investment firm linked to Russian billionaire
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsCompanies Concord Management, Ltd FollowWASHINGTON, Sept 19 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Concord Management and its owner with failing to register with regulators while operating as an investment adviser to an unidentified billionaire former Russian official. Concord Management LLC of Tarrytown, New York, and owner Michael Matlin were operating as unregistered investment advisers to a single client, a former Russian official with apparent connections to the Russian Federation, the SEC said in a statement. Matlin founded Concord in 1999 to provide investment advice and supervise investments in U.S. private funds, the SEC said. The firm monitored investments for the Russian individual until March 2022, when the United Kingdom and European Union sanctioned the unidentified client, it said.

Persons: Jim Bourg, Michael Matlin, Matlin, Abramovich, Chris Prentice, Rami Ayyub, Katharine Jackson, Josie Kao, Mark Potter, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Concord Management, WASHINGTON, Russian, Russian Federation, Concord, New York Times, Reuters, European Union, Thomson Locations: Washington, Tarrytown , New York, United Kingdom, New York

☆ War crimes tribunal ICC says it has been hacked
▼ + stars: | 2023-09-19 | by ( Tosterling Stephanie Van Den Berg | Stephanie Van Den Berg | ) www.reuters.com time to read: +3 min

THE HAGUE, Sept 19 (Reuters) - The International Criminal Court (ICC) said on Tuesday its computer system had been hacked, a breach at one of the world's most high-profile international institutions and one that handles highly sensitive information about war crimes. "Immediate measures were adopted to respond to this cybersecurity incident and to mitigate its impact," the ICC said in a short statement. The ICC is the permanent war crimes tribunal in the Dutch city of The Hague, established in 2002 to try war crimes and crimes against humanity. The Dutch intelligence agency (AIVD) said in its 2022 annual report that the ICC was "of interest to Russia because it is investigating possible Russian war crimes in Georgia and Ukraine". In August 2023, ICC Prosecutor Karim Khan said that cyber attacks could be part of future war crimes investigations.

Persons: Vladimir Putin, Dado Ruvic, Marie, Hélène Proulx, Karim Khan, Toby Sterling, Stephanie van den Berg, Anthony Deutsch, Bart Meijer, Gareth Jones, Andrea Ricci, Mark Potter Organizations: HAGUE, Criminal Court, ICC, Prosecutors, Kremlin, REUTERS, Dutch Justice Ministry, Cyber Security, Microsoft, Thomson Locations: Dutch, The Hague, Ukraine, Uganda, Venezuela, Afghanistan, Philippines, Russia, Georgia, Russian

BERLIN, Sept 19 (Reuters) - Germany's interior ministry is planning to force telecoms operators to slash the use of equipment from Huawei (HWT.UL) and ZTE in their 5G networks after a review highlighted an over-reliance on these Chinese suppliers, a government official said. Huawei currently accounts for 59% of Germany's 5G RAN networks, according to a survey by telecommunications consultancy Strand Consult. The interior ministry wants to present its approach to cabinet from next week but could face resistance from the ministry for digital affairs due to concerns it might affect Germany's already slow progress with digitalization. Germany is considered a laggard in implementing the European Union's toolbox of security measures for 5G networks. The interior ministry did not immediately reply to a request for comment.

Persons: Nancy, Faeser, Reinhard Brandl, Andreas Rinke, Sarah Marsh, Sabine Wollrab, Mark Potter Organizations: Huawei, Deutsche Telekom, Vodafone, Germany's, Strand, ZTE, Thomson Locations: Berlin, Germany, China

"We are negatively surprised by lack of revenue growth, increased capital target, payout & ROTE cut, and by the lack of details," Jefferies analysts said in a note. It also said its new targets were based on annual revenue growth expectations between zero and 2% between 2022 and 2026, but that it would aim to improve its cost-to-income ratio. A SocGen veteran and former head of its investment bank, Krupa said he would streamline the bank's activities but didn't elaborate. The share price decline put SocGen on course for the biggest one-day drop since March. "It will take time for the shares to discount the cost improvement given SG's mixed track record," they said.

Persons: Gonzalo Fuentes, Krupa, Slawomir Krupa, SocGen, JP Morgan, Tassilo Hummel, Silvia Aloisi, Elisa Martinuzzi, Michal Alexandrowicz, Mathieu Rosemain, Ingrid Melander, Mark Potter Organizations: Societe Generale, La Defense, REUTERS, BNP, Jefferies, Thomson Locations: La, Paris, France, Russia

☆ Key targets in SocGen's new strategy plan
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

A logo of French bank Societe Generale is seen on the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. Here are key targets:GROWTHAnnual revenue growth expectations between 0 and 2% by 2026. In August last year, the bank said it was aiming for average annual revenue growth of at least 3% for 2021-2025. ROTETargets a 9 to 10% return on tangible equity ratio in 2026, up from a reported 5.6% ROTE at the end of June. CET1Aims for a CET1 ratio - a key measure of financial strength - of 13% in 2026, almost on par with the 13.1% reported at end of June.

Persons: Gonzalo Fuentes, Slawomir Krupa, SocGen, Krupa, Mathieu Rosemain, Ingrid Melander, Mark Potter Organizations: Societe Generale, La Defense, REUTERS, Generale's, Thomson Locations: La, Paris, France

☆ Naspers/Prosus CEO steps down, M&A chief Tu takes the helm
▼ + stars: | 2023-09-18 | by ( Tosterling Tannur Anders | Tannur Anders | ) www.reuters.com time to read: +3 min

But it coincides with a restructuring in Naspers/Prosus relations, with Prosus no longer holding shares in Naspers. Analysts said he was the most likely candidate to succeed Van Dijk permanently. At 0910 GMT, Prosus shares were trading down 0.9% in Amsterdam, while Naspers' shares were 1.5% lower in Johannesburg. Tencent shares closed down 1.6% in China. Van Dijk oversaw Prosus's 2019 IPO and the company's stock boomed during the COVID-19 pandemic.

Persons: Bob van Dijk, Siphiwe, Ervin Tu, Naspers, Prosus, Van Dijk's, Van Dijk, Koos Bekker, Tannur Anders, Promit Mukherjee, Toby Sterling, Radhika Anilkumar, Louise Heavens, Mark Potter Organizations: REUTERS, HK, Vision, Reuters, Thomson Locations: Johannesburg, South Africa, Tencent, JOHANNESBURG, AMSTERDAM, Naspers, Naspers ., Amsterdam, China, Prosus, Bengaluru

[1/2] Lawyers, some of them look on television screen, dispaying the live broadcast of the proceeding from the Supreme Court of Pakistan, at the Sindh High Court Bar Association in Karachi, Pakistan September 18, 2023. The move marks the beginning of the tenure of new Chief Justice Qazi Faez Isa as Pakistan's top judge. Isa's first move as the top judge was to open proceedings for live broadcast. "It is a majority consensus decision to telecast live," Isa said at the start of proceedings shown live by state-run broadcaster Pakistan Television. Previous attempts to broadcast proceedings live had been blocked by the court.

Persons: Akhtar Soomro, Qazi Faez Isa, Isa, Umar Ata Bandial, Isa's, Shehbaz Sharif, Anwar ul Haq Kakar, Imran Khan, Faiz Hameed, Asif Shahzad, Mark Potter Organizations: Court Bar Association, REUTERS, Rights, Pakistan Television, Inter - Services Intelligence, Former, Thomson Locations: Pakistan, Sindh, Karachi, Rights ISLAMABAD

☆ California sues oil giants for downplaying risks posed by fossil fuels
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

A general view of oil drilling equipment on federal land near Fellows, California, U.S., April 15, 2023. The American Petroleum Institute, an industry trade group, has also been listed as a defendant in the case, according to the filing. California has sought the creation of an abatement fund to pay for future damages caused by climate-related disasters in the state, the filing showed. Sharing a similar sentiment, Shell said in an emailed statement, "We do not believe the courtroom is the right venue to address climate change." California Governor Gavin Newsom, said in a post on X, formerly known as Twitter, "California is taking action to hold big polluters accountable."

Persons: Nichola, Shell, Gavin Newsom, ConocoPhillips didn't, Kanjyik Ghosh, Lavanya, Nate Raymond, Mark Potter, Diane Craft Organizations: REUTERS, Rights, Chevron Corp, Conocophillips, Exxon Mobil Corp, Shell PLC, BP, ConocoPhillips, American Petroleum Institute, Reuters, Chevron, Exxon Mobil, Thomson Locations: Fellows , California, U.S, California, San Francisco, United States, Bangalore, Boston

☆ SoftBank seeks OpenAI tie-up as Son plans deal spree after Arm IPO, Financial Times reports
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 16 (Reuters) - SoftBank (9984.T) is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. Son said in June that his tech investing conglomerate planned to shift its stance to "offence mode" amid excitement over advances in AI. The Japanese tech investment company could also look to strike a broad strategic partnership with ChatGPT maker OpenAI, FT said. Son has expressed excitement about AI technology, adding he is a "heavy user" of ChatGPT, the AI-powered chatbot from Microsoft-backed (MSFT.O) startup OpenAI. SoftBank is looking at a range of alternatives to OpenAI as well, including a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the report added.

Persons: Dado Ruvic, Masayoshi, Son, Sam Altman, SoftBank, Graphcore, OpenAI, Arm, Lavanya, Kanjyik Ghosh, William Mallard, Mark Potter Organizations: REUTERS, Financial Times, Microsoft, Reuters, Vision Fund, Thomson Locations: OpenAI, Bengaluru, Bangalore

☆ California sues oil giants for downplaying risks posed by fossil fuels - NYT
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

A general view of oil drilling equipment on federal land near Fellows, California, U.S., April 15, 2023. REUTERS/Nichola Groom/File Photo Acquire Licensing RightsCompanies Bp Plc FollowChevron Corp FollowConocophillips Follow Show more companiesSept 16 (Reuters) - The state of California has sued major oil companies including Exxon Mobil Corp (XOM.N), Shell PLC (SHEL.L), and Chevron Corp (CVX.N), accusing them of playing down the risks posed by fossil fuels, the New York Times reported on Friday. The American Petroleum Institute, an industry trade group, has also been listed as a defendant in the case, the report said, adding that California has sought the creation of an abatement fund to pay for future damages caused by climate related disasters in the state. The legal action follows dozens of lawsuits filed in recent years against the fossil fuel industry by states and municipalities across the United States broadly alleging harms from climate impacts including extreme weather. Reporting by Kanjyik Ghosh in Bangalore; additional reporting by Lavanya Ahire; editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Nichola, Kanjyik Ghosh, Lavanya, Mark Potter Organizations: REUTERS, Rights, Chevron Corp, Conocophillips, Exxon Mobil Corp, Shell PLC, New York Times, BP, ConocoPhillips, American Petroleum Institute, Congress, Shell, Exxon Mobil, Thomson Locations: Fellows , California, U.S, California, San Francisco, United States, Chevron, Bangalore

☆ Ukrainian minister vows more drones for strikes on Russian warships
▼ + stars: | 2023-09-16 | by ( Max Hunder | ) www.reuters.com time to read: +3 min

Mykhailo Fedorov, Vice Prime Minister and Minister of Digital Transformation of Ukraine attends a news conference at the Web Summit, Europe's largest technology conference, in Lisbon, Portugal, November 3, 2022. “There will be more drones, more attacks, and fewer Russian ships. That’s for sure,” Digital Transformation minister Mykhailo Fedorov said in an interview on Friday, answering a question about recent attacks near Crimea. This week, Ukraine has made several attacks using sea drones and missiles on Russia’s Black Sea naval fleet in and around the Crimean peninsula, which was annexed from Ukraine by Russia in 2014. Russia has acknowledged a Ukrainian missile attack that damaged a warship and a submarine this week, but says it has repelled all sea drone attacks.

Persons: Mykhailo Fedorov, Pedro Nunes, Fedorov, “, Max Hunder, Mark Potter Organizations: Digital Transformation, Web, REUTERS, Reuters, Thomson Locations: Ukraine, Lisbon, Portugal, KYIV, Ukrainian, Crimea, Russia

☆ Russia Denies Ukraine Has Retaken Village of Andriivka, Near Bakhmut
▼ + stars: | 2023-09-16 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Russia on Saturday denied a Ukrainian claim to have recaptured the devastated eastern village of Andriivka, a stepping stone on the way to the town of Bakhmut. Andriivka lies south of largely-ruined Bakhmut, a mainly symbolic prize that Russian forces seized in May after the fiercest and longest battle since Moscow's full-scale invasion of Ukraine in February 2022. The Ukrainian General Staff on Friday also reported "partial success" near Klishchiivka, also south of Bakhmut. Reuters was unable to verify the battlefield reports. (Reporting by Reuters; Writing by Kevin Liffey; Editing by Mark Potter)

Persons: Kevin Liffey, Mark Potter Organizations: Reuters, Saturday, Donetsk People's, Ukrainian, Staff Locations: Russia, Andriivka, Bakhmut, Artyomovsk, Donetsk, Donetsk People's Republic, Klishchiivka, Ukraine

☆ North Korea's Kim inspects Russian nuclear-capable bombers, hypersonic missiles
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +4 min

Summary Kim inspects nuclear-capable bombersKim shown hypersonic missilesPutin's defence minister greets KimKim inspects war ship of Russia's fleetVLADIVOSTOK, Russia, Sept 16 (Reuters) - North Korean leader Kim Jong Un inspected Russian nuclear-capable strategic bombers, hypersonic missiles and warships on Saturday, accompanied by President Vladimir Putin's defence minister. Shoigu showed Kim Russia's strategic bombers - the Tu-160, Tu-95 and Tu-22M3 - which are capable of carrying nuclear weapons and form the backbone of Russia's nuclear air attack force, Russia's defence ministry said. "It can fly from Moscow to Japan and then back again," Shoigu told Kim of one aircraft. Putin told reporters Russia was "not going to violate anything", but would keep developing relations with North Korea. While in Vladivostok, Kim watched the first act of the ballet "Sleeping Beauty", staged by St Petersburg's Mariinsky theatre, the RIA news agency reported.

Persons: Kim, Kim Kim, Kim Jong Un, Vladimir Putin's, Sergei Shoigu, Shoigu, Kim Russia's, Alexander Matsegora, Oleg Kozhemyako, Nikolay Yevmenov, Shaposhnikov, KIM, Putin, Dmitry Peskov, Washington, Guy Faulconbridge, Kevin Liffey, William Mallard, Mark Potter, Nick Macfie Organizations: Russian, Defence, North, Russia's, Navy, Russian Pacific, RUSSIAN PACIFIC, Pyongyang, Kim's, West, Russia, Kremlin, St, Mariinsky, Reuters, Thomson Locations: VLADIVOSTOK, Russia, Knevichi, Pacific, Vladivostok, United States, South Korea, Pyongyang, Ukraine, Moscow, Japan, North Korea, Vladivostok's Primorye, Russian, Primorsky, RUSSIAN, Russian Pacific, Soviet Union, Washington, U.S

An aerial view shows trees as the sun rises at the Amazon rainforest in Manaus, Amazonas State, Brazil October 26, 2022. REUTERS/Bruno Kelly/File Photo Acquire Licensing RightsSANTIAGO DE COMPOSTELA, Spain, Sept 15 (Reuters) - The European Union on Friday threw its weight behind a plan to protect the Amazon rainforest, pledging to coordinate financial contributions from EU members and making sure the money was spent as intended under its Global Gateway investment scheme. On top of that, the EU will add an undisclosed amount to protect the forest from logging from the EU's Global Gateway scheme of investment in Latin America, where Amazon rainforest protection is one of the flagship projects. More than half of global destruction of old-growth tropical rainforests has taken place in the Amazon and bordering forests since 2002. Rainforests, in particular the Amazon, absorb vast amounts of carbon dioxide and are key in shaping the Earth's climate, making them vital to prevent climate change.

Persons: Bruno Kelly, Belén Carreño, Jan Strupczewski, Mark Potter Organizations: REUTERS, SANTIAGO DE, European Union, Friday, EU, Global, Team Europe, European Investment Bank, Inter, American Development Bank, Santiago de, Thomson Locations: Manaus, Amazonas State, Brazil, SANTIAGO, SANTIAGO DE COMPOSTELA, Spain, Italy, Sweden, France, Germany, Netherlands, Latin America, America, Santiago de Compostela, Santiago

☆ Ukraine security agency confirms new allegations against magnate Kolomoisky
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

Ukrainian business tycoon and one of Ukraine's most prominent billionaires Ihor Kolomoisky appears at a court session about a preventive measure against him, amid Russia's attack on Ukraine, in Kyiv September 2, 2023. REUTERS/Vladyslav Musiienko/File Photo Acquire Licensing RightsKYIV, Sept 15 (Reuters) - Ukrainian business magnate Ihor Kolomoisky has been served with notice of a third set of allegations following his detention on suspicion of fraud and money laundering, the Security Service of Ukraine (SBU) said on Friday. Kolomoisky is suspected of having set up an organised group, which comprised employees of the bank, to obtain the funds from 2013 to 2014, it said. Reuters could not immediately reach Kolomoisky or his lawyers for comment on the new allegations. Zelenskiy is trying to root our corruption and restrict the influence of business magnates as Ukraine strives for membership of the European Union.

Persons: Ihor Kolomoisky, Vladyslav, Serhiy Leshchenko, Volodymyr Zelenskiy's, Kolomoisky, Zelenskiy, Anna Pruchnicka, Timothy Heritage, Mark Potter Organizations: REUTERS, Rights, Security Service of Ukraine, Ukraine's Economic Security Bureau, Reuters, Soviet Union, National, European Union, Thomson Locations: Ukraine, Kyiv, Soviet, U.S, Kolomoisky, Ukrainian, PrivatBank

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