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NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Alongside entrepreneur Nat Turner and D1 Capital Partners, he is using his private capital to take Collectors Universe private for roughly $700 million. But like the gum that used to come with baseball cards, market bubbles have been known to pop. One reason is that private investors refused to participate in the programme. Next year Sunak will need to raise taxes to start addressing the 400 billion pounds Britain borrowed this year.
Persons: Steven Cohen, Nat Turner, Mike Trout, Anna Szymanski, Refinitiv, Tryg, Liam Proud, Ed Cropley, George Hay, Nomura, Kentaro Okuda, Brian Moynihan, Katrina Hamlin, Rishi Sunak’s, Boris Johnson Organizations: Reuters, Corona, Point72 Asset Management, Milken Institute Global Conference, TOPPS, New York Mets, D1 Capital Partners, Sports, ESPN, PNC Financial Services, BBVA’s, RSA Insurance, Danish, Exxon Mobil, Royal, Shell, Bank of America, THE, Nationwide Locations: HONG KONG, Beverly Hills , California, U.S, BBVA’s U.S, Nigeria, Kenya, France, Britain, Mozambique, Angola, Zambia, Japan, Tokyo, London, Covid
Breakingviews - Corona Capital: Bitcoin, Lonely Planet
  + stars: | 2020-12-01 | by ( Breakingviews Columnists | ) www.reuters.com + 0.00   time to read: +9 min
NEW YORK/LONDON/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Unforeseen side effects of the Covid-19 pandemic include a firmer belief on the part of investors in the potential of bitcoin. The company that also owns The Points Guy has bought Lonely Planet, the online guide for travel information, for an undisclosed sum. Alongside entrepreneur Nat Turner and D1 Capital Partners, he is using his private capital to take Collectors Universe private for roughly $700 million. One reason is that private investors refused to participate in the programme.
Persons: Dado Ruvic, Alliance Bernstein, Paul Tudor Jones, bitcoin, John Foley, Guy, Ric Elias, Airbnb, Lauren Silva Laughlin, Steven Cohen, Nat Turner, Mike Trout, Anna Szymanski, Refinitiv, Tryg, Liam Proud, Ed Cropley, George Hay, Nomura, Kentaro Okuda, Brian Moynihan, Katrina Hamlin, Rishi Sunak’s, Boris Johnson Organizations: Reuters, Corona, REUTERS, U.S ., U.S . Centers for Disease Control, Red Ventures, Lonely, BBC, Media, TOPPS, New York Mets, D1 Capital Partners, Sports, ESPN, PNC Financial Services, BBVA’s, RSA Insurance, Danish, Exxon Mobil, Royal, Shell, Bank of America, THE, Nationwide Locations: HONG KONG, Tennessee, BBVA’s U.S, Nigeria, Kenya, France, Britain, Mozambique, Angola, Zambia, Japan, Tokyo, London, Covid
Exxon tries to put the worst behind it with $20 billion writedown
  + stars: | 2020-11-30 | by ( Jennifer Hiller | ) www.reuters.com sentiment -0.99   time to read: +2 min
HOUSTON (Reuters) - Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest ever impairment, and slash project spending next year to its lowest level in 15 years. New cost cuts aim to protect a $15 billion a year shareholder payout that many analysts believe is unsustainable without higher prices. The writedown lays bare the size of the miscalculation that the company made in 2010 when it paid $30 billion for U.S. shale producer XTO Energy as natural gas prices went into a decade-long decline. Not mentioned was its Mozambique liquefied natural gas project. Next year’s spending will fall, to between $16 billion to $19 billion, but Exxon will increase spending by 2025 to more than this year’s about $23 billion level, Woods said.
Persons: Jim Young, , Darren Woods, Woods, Mark Stoeckle Organizations: HOUSTON, Exxon Mobil Corp, Exxon, REUTERS, Energy, Adams Funds Locations: Chicago, Norridge , Illinois, U.S, Argentina, Canada, Brazil, Guyana, United States, Mozambique
ADDIS ABABA/NAIROBI (Reuters) - Ethiopian Prime Minister Abiy Ahmed’s government will protect civilians in the northern region of Tigray, he told African peace envoys on Friday, a day after he announced the military was beginning the “final phase” of an offensive there. FILE PHOTO: Ethiopia's Prime Minister Abiy Ahmed waits for the arrival of European Commission President Ursula von der Leyen before their meeting in Addis Ababa, Ethiopia December 7, 2019. Kenneth Roth, executive director of Human Rights Watch, said such efforts were not akin to protecting civilians from harm. In September, before the Tigray hostilities began, the U.N. migration agency IOM said conflict had displaced more than 1.2 million Ethiopians around the country. Abiy accuses Tigrayan leaders of starting the war by attacking federal troops at a base in Tigray three weeks ago.
Persons: Abiy Ahmed’s, Abiy Ahmed, Ursula von der Leyen, Abiy, Ellen Johnson, Joaquim Chissano, Mekelle, Ahmed Shide, , France24, Kenneth Roth, Tigrayan Organizations: Ethiopian, Ethiopia's, REUTERS, Tiksa, Union, United Nations, Reuters, Human Rights, Twitter, IOM Locations: ADDIS ABABA, NAIROBI, Tigray, Addis Ababa, Ethiopia, Mekelle, Liberia, Mozambique, Kgalema, South Africa, Eritrea, Horn of Africa, Sudan, Ethiopia’s Tigray
Ethiopian Prime Minister Abiy Ahmed greets an African Union (AU) envoy in Addis Ababa, Ethiopia November 27, 2020, in this picture obtained from social media. Federal forces have captured Wikro “and will control Mekelle in a few days”, Lieutenant-General Hassan Ibrahim said in a statement. Reuters was not immediately able to reach the Tigray People’s Liberation Front (TPLF) for comment, or to verify the statement. Prime Minister Abiy Ahmed accuses Tigrayan leaders of starting the war by attacking federal troops at a base in Tigray on Nov. 4. His government also put senior Tigrayan officials on trial for crimes such as corruption, torture and murder.
Persons: Abiy Ahmed, Wikro “, Hassan Ibrahim, Tigrayan, Abiy, Ellen Johnson, Joaquim Chissano, Ahmed Shide, , France24, Kenneth Roth, Pope Francis Organizations: Ethiopian, African Union, Federal, Reuters, Union, United Nations, Human Rights, Twitter Locations: ADDIS ABABA, NAIROBI, Wikro, Addis Ababa, Ethiopia, Tigray, Liberia, Mozambique, Kgalema, South Africa, Eritrea, Horn of Africa, Sudan, Mekelle, Ethiopia’s Tigray
(CNN) What do you do when your country is torn between decriminalizing abortion and maintaining its colonial abortion laws? The southern African nation has recently seen protests from both anti-abortion activists and abortion rights advocates. Abortion rights activists demonstrate in Windhoek, Namibia, on July 18. According to the Pew Research Center, many religious groups and organizations including the Roman Catholic Church oppose abortion rights . Lobby for abortion bill to be repealedWeeks after street protests and petitions from anti-abortion activists and abortion rights advocates, Namibia continues to debate whether it should reform its abortion laws.
Persons: Esther Muinjangue, Muinjangue, Naisola Likimani, Likimani, Beauty Boois, Boois, Ndiilokelwa Nthengwe, Nthengwe, Bernard Haufiku, Haufiku, Zelda Van der, Van der Colff Organizations: CNN, National Assembly, Namibia's, Guttmacher Institute, World Health Organization, womens, Feminist Movement of Namibia, Rights Coalition, WHO, Namibia's Ministry of Health and Social Services, Pew Research Center, Roman Catholic, Namibia's Ministry, Child Welfare Locations: Namibia, South Africa, Namibian, Ndiilokelwa, Mozambique, Ethiopia, Windhoek
However both U.S. major Exxon and France’s Total are now renegotiating that contract with each other, the sources said. The FID on Total’s $20 billion Mozambique LNG project was made in June 2019. In 2017 Eni sold a stake in the Rovuma venture to Exxon, which is now the project operator, while Anadarko sold Mozambique LNG to Total last year. Mozambique LNG expects to produce the first LNG in 2024, delivering 12.88 MTPA of LNG in its first phase. Reuters was not able to establish what Total wanted to change its straddling gas and LNG production figures to.
Persons: Jim Young, unitisation, Eni, , Exxon’s FID, Organizations: ExxonMobil, Exxon, REUTERS, France’s, LNG, Mozambique LNG, Eni, Anadarko, National Petroleum Institute, Tcf, Reuters, Energy, Islamic Locations: JOHANNESBURG, MILAN, Mozambique, Chicago, Norridge , Illinois, U.S, Mozambican, Anadarko, , LNG, Oslo, Islamic State
Some 42,000 refugees have fled over the border to Sudan and TPLF rockets have hit neighbouring Eritrea. Tigrayan forces have fired rockets at the airport of Eritrea’s capital Asmara, while Ethiopian soldiers have been pulled from peacekeeping missions in Somalia and South Sudan. The U.N. mission in South Sudan said it was aware of the three soldiers’ repatriation. Although Ethiopia is ultimately responsible for the conduct and movement of its 2,000 troops in South Sudan, the statement said, discrimination due to ethnicity could violate international law. Ethiopia has described the Tigray fighting as an internal law enforcement matter.
Persons: Mohamed Nureldin Abdallah, Abiy, , Joaquim Chissano, Ellen Johnson, Kgalema, Joe Biden’s, Jake Sullivan, “ I’m, al, ” Billene Seyoum, Mai Kadra, Tigrayans, of Sheba, Grant Harris Organizations: REUTERS, Reuters, Maxar Technologies, Union, United Nations Security, Ethiopian, Covenant, National Security Locations: ADDIS ABABA, NAIROBI, Ethiopia, Tigray, Sudan, Kassala state, Mekelle, Eritrea, Amhara, Dansha, Adwa, Mozambique, Liberia, South Africa, Addis Ababa, Africa, Eritrea’s, Asmara, Somalia, South Sudan, al Qaeda, Ethiopia’s, Mai, Axum, Barack Obama’s
African envoys head for Ethiopia as ultimatum expires for assault
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +5 min
Thousands of people are already believed to have died and there has been widespread destruction from aerial bombardment and ground fighting since the war began on Nov. 4. If confirmed, the presence of Eritrean ground forces would amount to a major escalation of the conflict. In Tigray, satellite images showed Ethiopian troops in the ancient town of Axum and trenches dug across the local airport’s runway. Axum’s history and ruins give Ethiopia its claim to be one of the world’s oldest centres of Christianity. Abiy repeated his position on Wednesday that the Tigray fighting was an internal law enforcement matter.
Persons: Abiy, , Joaquim Chissano, Ellen Johnson, Kgalema, Joe Biden’s, Jake Sullivan, “ I’m, Grant Harris Organizations: Rights Watch, Reuters, Union, Maxar Technologies, Ethiopian, National Security Locations: ADDIS ABABA, NAIROBI, Ethiopia, Tigray, Mekelle, Sudan, Eritrea, Ethiopia’s Amhara, Mozambique, Liberia, South Africa, Axum, Barack Obama’s
Ethiopia war destabilising east Africa, warns EU
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +4 min
A 72-hour government deadline for Tigray forces to surrender is due to expire on Wednesday evening. Tigrayans forces have fired rockets at the neighbouring country of Eritrea, and Ethiopian soldiers have been pulled from peacekeeping missions in Somalia and South Sudan. The U.N. mission in South Sudan said it was aware of the three soldiers’ repatriation, and that its human rights division was following up. Although Ethiopia is ultimately responsible for the conduct and movement of the roughly 2,000 troops it had in South Sudan, the statement said, discrimination due to ethnicity could violate international law. Long lines of cars were forming in front of gas stations in Mekelle, the Tigray regional capital, according to satellite images taken on Nov. 23 and provided to Reuters by Maxar Technologies.
Persons: Mohamed Nureldin Abdallah, , ” Josep Borrell, Abiy Ahmed, , Borrel, Joaquim Chissano, Ellen Johnson, Kgalema, al, UNMISS, ” Billene Organizations: European Union, REUTERS, African Union, United Nations Security, Reuters, Maxar Technologies Locations: ADDIS ABABA, NAIROBI, Tigray, Horn, Sudan, Ethiopia, Kassala state, Mozambique, Liberia, South Africa, Addis Ababa, Niger, Tunisia, Eritrea, Somalia, South Sudan, al Qaeda, Ethiopia’s, Mekelle, Axum
Sales kickoffs can be an incredible tool or they can fall incredibly flat when it comes to engaging sales teams— especially when teams are working from home. On December 10, 2020, Salesforce will host a free digital event to discuss how to plan an inspiring sales kickoff. Registration for "5 Must-Haves for the Ultimate Sales Kickoff" is now open — register below. Register now to hear how to plan the ultimate virtual sales kickoff event. But not all sales kickoffs are effective and it can be even more challenging to inspire sales teams remotely.
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ET Covid-19 Live Updates: Thanksgiving Travel Drops as Americans Rethink Rituals The leader of France says the country is past the peak of the second wave. Federal health officials have said the first Americans will start getting vaccinated within 24 hours of an authorization being issued. Thousands attended an ultra-Orthodox wedding in Williamsburg, Brooklyn, on Nov. 8 that flouted health restrictions intended to stop the spread of the virus. The country has recorded a total of 5,200 coronavirus cases, according to a New York Times database. A volunteer received a trial coronavirus vaccine at a hospital in Moscow in September.
Persons: Macron, Joel Saget, Emmanuel Macron, France’s Covid, Mr, ” Mr, Neil Hall, Michael Gove, , Mark Drakeford, ” —, , Alex M, Azar II, Azar, it’s, Dr, Stephen Hahn, Moncef Slaoui, Michelle V, Tom Wolf, Marc Vetri, Wolf, Rachel Levine, Vetri, Larry Hogan, Gary Herbert, Bryan Denton, Gavin Newsom, coughed, Newsom, South Dakota —, , Biden, Joseph R, Kamala Harrris, Anna Moneymaker, Trump’s, Trump, Stephen M, Hahn, ” — Sheila Kaplan, Bill de Blasio, de Blasio, Michael Bloomberg, Andrew M, Cuomo, Liam Stack, John Nkengasong, Mulugeta, Loren Elliott, Alan Joyce, I’ve, Joyce’s, Pope Francis, King Felipe VI of, Queen Letizia, Johnny Briceño, Ingrida, Yan Zhuang, Natasha Frost, Gaia Pianigiani, Sergei Ilnitsky, Sputnik, Vladimir V, Putin, “ That’s, John Moore, Carlos Osorio, Doug Ford, Ford, Ahmed Al, Justin Trudeau Organizations: Agence France, Mr, ., Britons, Scottish, Northern, Wales, Pfizer, Reuters, Governors, UPS, FedEx, Food and Drug Administration, USA, Moderna, AstraZeneca, University of Oxford, Credit, New York Times Bars, , Twitter, Gov, The New York Times, California, New York Times, Department of Health, Human Services, Centers for Disease Control, General Services Administration, Republican, Democratic, , New, NY1, Verizon, New Yorkers, for Disease Control, Associated Press, Experts, Qantas, Sydney Airport, Reuters Australia’s, International Air Transport Association, BioNTech, Russian Direct Investment Fund, Weill Cornell Medicine Locations: France, California, Pennsylvania, London, England, Scotland, Wales, Northern Ireland, United Kingdom, British, Welsh, Kalamazoo, Mich, Credit, United States, “ State, Philadelphia, Maryland, Utah, Los Angeles, . California, Oregon, , Wyoming, Rhode Island , Connecticut, Kansas, — Kansas , Wyoming , Nebraska , Kentucky, Minnesota , Idaho , Tennessee , Illinois , Oklahoma , Indiana, South Dakota, Delaware, New York, Brooklyn, Williamsburg , Brooklyn, Brooklyn’s Williamsburg, Queens, Albany, Africa, Addis Ababa, Ethiopia, Democratic Republic of Congo, Kenya, Equatorial Guinea, Ghana, Guinea, Mali, Mozambique, Sudan, Uganda, South Africa, Australia, King Felipe VI of Spain, Belize, Lithuania, Russian, Moscow, American, Russia, Soviet, Soviet Union, Scarborough, Toronto, Reuters Toronto, North America, Canada, Europe, U.S
NAIROBI/ADDIS ABABA (Reuters) - Ethiopia denied on Saturday that talks on the growing conflict in its northern Tigray region were imminent, just hours after three African former presidents were named to help mediate the two-week-old crisis. Tigrayan forces were not immediately available for comment. Destroyed buildings lined the main road in the town of Dansha, where the conflict broke out, the images showed. The African Union announced late on Friday the appointment of former presidents Joaquim Chissano of Mozambique, Ellen Johnson-Sirleaf of Liberia and Kgalema Motlanthe of South Africa as special envoys. The government has appointed an alternative interim government to run Tigray when troops take Mekelle.
Persons: Tigrayan, Joaquim Chissano, Ellen Johnson, Kgalema, , U.N, Antonio Guterres, , Abiy Ahmed Organizations: ADDIS ABABA, Reuters, Maxar Technologies, African Union, Ethiopian, Federal Government Locations: NAIROBI, ADDIS, Ethiopia, Tigray, Addis, Dansha, Sudan, Amhara, Eritrea, Mozambique, Liberia, South Africa
Ethiopia pushes toward Tigray capital, rebuffs African mediation
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +3 min
NAIROBI/ADDIS ABABA (Reuters) - Ethiopia said on Saturday its forces had seized another town in their advance on the capital of northern Tigray region and rebuffed an African Union (AU) push to mediate in the war with rebel forces in the region. An overview of Dansha airport and destroyed buildings in Dansha, Ethiopia, is seen in this satellite image taken November 18, 2020 and supplied by Maxar Technologies. The conflict has spread beyond Tigray, whose forces have fired rockets at the neighbouring Amhara region and the nation of Eritrea, spurring concern of a wider war. There was no immediate response from the Tigray People’s Liberation Front (TPLF) rebels who have promised “hell” for the advancing federal troops. Abiy denies that, saying he is seeking only to restore law and order and preserve the unity of Ethiopia and its 115 million people.
Persons: Abiy, Adigrat, TPLF, Joaquim Chissano, Ellen Johnson, Kgalema, Tigrayans Organizations: ADDIS ABABA, Reuters, African Union, Maxar Technologies, REUTERS, , Federal Government, United Nations, U.S Locations: NAIROBI, ADDIS, Ethiopia, Tigray, Dansha, Sudan, Amhara, Eritrea, Mekelle, Mozambique, Liberia, South Africa
NAIROBI/ADDIS ABABA (Reuters) - The Ethiopian government rebuffed an African effort to mediate on Saturday, saying its troops had seized another town in their march towards the rebel-held capital of northern Tigray region. Hundreds, possibly thousands, have died and more than 30,000 refugees have fled to Sudan since the conflict erupted on Nov. 4. The Tigray People’s Liberation Front (TPLF) rebels said nine civilians had died among heavy casualties in artillery hits on Adigrat. Eritrea denies TPLF allegations it has sent soldiers over the border to back Abiy’s offensive against the Tigrayan forces, who are also an old foe of Eritrea’s. “We will do all that is necessary to ensure stability prevails in the Tigray region and that our citizens are free from harm and want,” the prime minister tweeted on Saturday.
Persons: Abiy, Adigrat, Joaquim Chissano, Ellen Johnson, Kgalema, Tigrayans, , Jens Hesemann Organizations: ADDIS ABABA, Reuters, Ethiopian, African Union, Federal Government, Maxar Technologies, United Nations, UNHCR Locations: NAIROBI, ADDIS, Tigray, Mekelle, Sudan, Amhara, Eritrea, Ethiopia, Mozambique, Liberia, South Africa, Dansha
NAIROBI/ADDIS ABABA (Reuters) - The Ethiopian government rebuffed an African effort to mediate on Saturday, saying its troops had seized another town in their march towards the rebel-held capital of northern Tigray region. Hundreds, possibly thousands, have died and more than 30,000 refugees have fled to Sudan since the conflict erupted on Nov. 4. The Tigray People’s Liberation Front (TPLF) rebels said nine civilians had died among heavy casualties in artillery hits on Adigrat. Eritrea denies TPLF allegations it has sent soldiers over the border to back Abiy’s offensive against the Tigrayan forces, who are also an old foe of Eritrea’s. “We will do all that is necessary to ensure stability prevails in the Tigray region and that our citizens are free from harm and want,” the prime minister tweeted on Saturday.
Persons: Abiy, Adigrat, Joaquim Chissano, Ellen Johnson, Kgalema, Tigrayans, , Jens Hesemann, jerry Organizations: ADDIS ABABA, Reuters, Ethiopian, African Union, Federal Government, Maxar Technologies, United Nations, UNHCR Locations: NAIROBI, ADDIS, Tigray, Mekelle, Sudan, Amhara, Eritrea, Ethiopia, Mozambique, Liberia, South Africa, Dansha, Hamdayet
MAPUTO (Reuters) - Over 1,000 Mozambique troops on Thursday recaptured the northern village of Muidumbe from Islamist insurgents, police general commander Bernardino Rafael said, killing 16 and destroying some of their logistics. Speaking to troops in a field in Muidumbe, an area where local media reported a spate of beheadings by insurgents last week, Rafael congratulated the men for their victory but warned they had not won yet. In August, they captured the key town of Mocimboa da Praia, only around 60 kilometres from the gas developments. Security analysts, who can be sceptical of government claims of victory, said an offensive had taken place in Muidumbe. She added this had more symbolic importance for the government than strategic: “The government could not allow a second Mocimboa da Praia.”
Persons: Bernardino Rafael, Cabo Delgado, Rafael, , , Jasmine Opperman Organizations: Islamic, TVM, Islamic State Locations: MAPUTO, Mozambique, Muidumbe, Cabo, Islamic State, Mocimboa da Praia, Praia
Johannesburg (CNN) Insurgents beheaded scores of people in Mozambique's northernmost province of Cabo Delgado in a series of attacks that began on October 31 and lasted several days, an eyewitness told CNN, confirming earlier state media reports. "They found several corpses without life," he said, adding, "I can still see smoke. A local priest in the district told CNN that entire families were killed, citing accounts from relatives and others who had fled the area. On Monday, Mozambican police announced to state media that more than 50 people had been rounded up and beheaded on a soccer pitch in town during the attacks, a claim that CNN could not verify. State media also reported the militants had abducted women and children.
Persons: Cabo Delgado, Read Organizations: CNN, Muidumbe District, Mozambican Locations: Johannesburg, Mozambique's, Cabo, Muidumbe
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