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☆ US presses Mexico to devote sufficient resources against fentanyl- official
▼ + stars: | 2023-09-07 | by ( Matt Spetalnick | ) www.reuters.com time to read: +2 min

Fentanyl pills found by officers from the Drug Enforcement Administration are seen in this handout picture, in New York, U.S., October 4, 2022. Drug Enforcement Administration/Handout via REUTERS Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - The Biden administration is facing an "unwillingness" by Mexico to devote enough resources to help stem the flow of the illegal drug fentanyl into the United States, and is pressing Mexican authorities to do more, a U.S. official said on Thursday. President Joe Biden's administration has been seeking increased cooperation from both Mexico and China in curbing the flow of fentanyl and its precursor chemicals, which have fueled a sharp rise in U.S. overdose deaths. “To be honest, the challenge that we have with Mexico is their unwillingness to put … sufficient resources into the fight, and we are pushing them to do that,” Robinson said when asked whether Mexico was showing enough political will to tackle the fentanyl crisis. Mexican Foreign Minister Alicia Barcena said on August 10 that Mexico was developing a digital tracking system for fentanyl precursor chemicals, including methods to detect the substances at Mexico's ports and border crossing points.

Persons: Biden, Todd Robinson, Joe Biden's, ” Robinson, ”, Alicia Barcena, Andres Manuel Lopez Obrador, Xi Jinping, Matt Spetalnick, Timothy Gardner Organizations: Drug, Administration, Handout, REUTERS Acquire, Rights, U.S, Foreign, U.S ., Thomson Locations: New York, U.S, Mexico, United States, China, Mexican, Washington, U.S . Mexican

Mexico President Andres Manuel Lopez Obrador's steps to roll back reforms aimed at opening Mexico's power and oil markets to foreign competitors ultimately sparked the trade dispute. The steps add to a significant worsening of trade relations between Washington and Mexico City, even as their economic integration grows. Like the energy policies, Washington argues that banning GMO corn for human and animal consumption violates Mexico's obligations under the trade pact. The White House has hoped to avoid escalating energy trade tensions with Mexico as it sought help on immigration and drug trafficking, but talks that began last year have made little progress. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States.

Persons: Katherine Tai, Tatiana Clouthier, Trade Mary Ng, Joe Biden's, Andres Manuel Lopez Obrador's, USTR, Obrador, Biden, Donald Trump, Jarrett Renshaw, David Lawder, Stephen Eisenhammer, Tomasz Janowski Organizations: Trade, Small Business, Export, Washington, United States Trade Representative, United, Chevron, Marathon Petroleum, Comision Federal, Mexico, Ministry, U.S, North American Free Trade, Thomson Locations: Mexican, United States, Mexico, Canada, Mexico City, U.S, United States Mexico Canada, USMCA, Washington, China, Washington's

Interior Department on Wednesday said it would cancel oil and gas leases in a federal wildlife refuge that were bought by an Alaska state development agency in the final days of former President Donald Trump's administration. Environmentalists and an Alaska indigenous group praised the move while a Republican Senator from Alaska slammed it. A Republican-passed tax bill in 2017 opened the area to oil and gas leasing and directed Interior to hold two lease sales by December 2024. The oil and gas industry largely failed to embrace the 2021 lease sale, which generated just $14 million in high bids, mostly from AIDEA. “We commend Secretary Haaland for canceling unlawfully issued oil-and-gas leases in the Arctic Refuge,” Abigail Dillen, president of environmental group Earthjustice, said in a statement.

Persons: Donald Trump's, Joe Biden, Biden, Deb Haaland, AIDEA, “, ” Abigail Dillen, Dan Sullivan, Interior's, Jarrett Renshaw, Nichola Groom, Chizu Nomiyama, David Gregorio, Mark Porter Organizations: U.S . Fish, Wildlife Service, Library, Fish, REUTERS, Conocophillips, U.S . Interior Department, Alaska Industrial Development, Export Authority, Wildlife, Democrat, National Petroleum Reserve, Alaska Natives, Trump, ConocoPhillips, United Nations, ALASKA Trump's Interior Department, Republican, Biden, Thomson Locations: Beaufort, Wildlife Service Alaska, U.S, Alaska, United States, ALASKA Trump's, ANWR, Washington, Los Angeles

☆ Analysis: US healthcare stocks roiled by investor tug of war over economy
▼ + stars: | 2023-09-05 | by ( David Randall | ) www.reuters.com time to read: +5 min

Many view healthcare as a defensive sector because it has constant demand and is somewhat insulated from the economy. In the latest week, investors pulled a net $1.4 billion from the sector, the biggest weekly outflow since May 2022. Overall, the healthcare sector - which ranges from health insurers like UnitedHealth to pharmaceutical companies like Pfizer to small biotechs - has received the third largest inflows of any sector year to date, BofA's data showed. This would weaken the case for loading up on healthcare stocks. Overall, healthcare sector earnings are expected to lag this year as COVID-related revenues decline 13% versus a 1.8% rise for the overall S&P 500.

Persons: Brendan McDermid, Bob Kalman, Emily Roland, Dan Lyons, Janus Henderson, you've, Lyons, Kalman, Joe Biden's, Margie Patel, Patel, David Randall, Ira Iosebashvili, Megan Davies, David Gregorio, Richard Chang Organizations: New York Stock Exchange, REUTERS, Atlanta Federal, BofA Global Research, Pfizer, Miramar Capital, Healthcare, John Hancock Investment Management, Janus Henderson Investors, U.S, Bristol Myers Squibb, Allspring Global Investments, Thomson Locations: New York City, U.S

This is because blast furnaces operate around the clock and need more workers. Goncalves is also betting that producing iron ore in-house for blast furnaces, rather than sourcing scrap steel for electric arc furnaces, will give Cliffs a competitive edge. While a few carmakers use aluminum for automotive bodies, most prefer high-grade steel from blast furnaces. Cliffs' devotion to blast furnaces, which are unionized unlike some electric arc furnaces, won it the support of United Steelworkers. The union's international president Thomas Conway said it's backing Cliffs' bid for U.S. Steel because of Goncalves' commitment to blast furnaces.

Persons: Lawrence Bryant, Lourenco Goncalves, Goncalves, Josh Spoores, Donald Trump, Phil Gibbs, Thomas Conway, Joe Biden's, Isla Binnie, Bianca Flowers, Greg Roumeliotis, Daniel Wallis Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Cliffs Inc, U.S, U.S . Steel Corp, AK Steel, CRU Group, Steel Dynamics, Steel, Reuters, United Steelworkers, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, CHICAGO, United States, Cleveland, North America, Asia, Toledo , Ohio, New York, Chicago

DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. The decision “is aimed at strengthening the precautionary measures taken by OPEC+ countries in order to maintain stability and balance of oil markets,” Novak said. There was no immediate reaction in Washington, though U.S. lawmakers have criticized OPEC, Saudi Arabia and Russia over their past production decisions. The Saudi reduction, which began in July, comes as the other OPEC+ producers have agreed to extend earlier production cuts through next year. But Saudi Arabia also has to manage its relationship with Washington.

Persons: Joe Biden, Alexander Novak, ” Novak, Brent, Biden, Prince Mohammed bin Salman, Jamal Khashoggi, Prince Mohammed, Vladimir Putin Organizations: United Arab Emirates, Brent, Saudi Press Agency, OPEC, Energy Ministry, Benchmark Brent, AAA, Labor, Washington, Washington Post, U.S Locations: DUBAI, United Arab, Saudi Arabia, Russia, Riyadh, Moscow, Saudi, United States, Ukraine, Washington, U.S, China, Israel, America, Iran, India

☆ Why student-loan borrowers could face a 'perfect storm' of obstacles once payments resume next month
▼ + stars: | 2023-09-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Experts told Insider lack of broad debt relief and high inflation could contribute to the challenges. After more than three years, President Joe Biden officially ended the pandemic pause on federal student-loan payments, with waived interest, on Friday. "Before the pandemic, borrowers were already choosing between meeting their own basic needs and making their student-loan payments. "The more resource-strapped a servicer is and the more resource-strapped FSA is, the heightened concerns we have for that treatment of borrowers and just for the accuracy on the part of servicers giving information to borrowers," Hall said. In the meantime, the department recommends borrowers make their payments and wait for Biden's new plan for broad debt relief.

Persons: Joe Biden, she's, it's, Carolyn Fast, servicers, Biden, Stephanie Hall, Hall, Scott Buchanan, —, there's Organizations: Service, The Century Foundation, Education Department, An Education Department, Center for American Progress, Department, Student Loan, —, Management, Federal, Aid, Federal Student Aid Locations: Wall, Silicon

But five months later, the overall number of people filing refugee claims in Canada has risen instead of falling. But it has sought to discourage those applying for asylum, chiefly through an agreement with the U.S. under which each country turns back asylum seekers. Asylum seekers are drawn by Canada's reputation for swifter processing and greater acceptance of asylum applications compared to the U.S. But overall, the number of asylum seekers entering Canada has surged. People applying at airports comprised about a third of all refugee claims made in July, up from about 16% in March.

Persons: Shauna Labman, Joe Biden's, Craig Damian Smith, Remi Lariviere, Lariviere, Abdulla Daoud, Loly Rico, Hana Bakhit, Maureen Silcoff, Silcoff, Grace Nanziri, Anna Mehler, Denny Thomas, Deepa Babington Organizations: Reuters, Human, University of Winnipeg, U.S, European Union, Centre for Refugee Studies, York University, FCJ Refugee, REUTERS, Refugee Centre, FCJ, Thomson Locations: Canada, U.S, Toronto, Quebec, New York, United States, Mexico, Haiti, Turkey, Colombia, India, Rwanda, Montreal, Canada's, Sudan, Uganda

☆ Biden seeks minimum staff levels at US nursing homes
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

U.S. President Joe Biden and Vice President Kamala Harris hold an event about lowering healthcare costs in the East Room at the White House in Washington, U.S., August 29, 2023. BY THE NUMBERS: The nursing home industry takes in nearly $100 billion a year from U.S. taxpayers, yet many understaff their facilities, the White House said. The new rule proposes that facilities have a registered nurse (RN) on site around the clock. A nursing home would need two registered nurses for each eight hour shift and 10 nurse aids per eight-hour shift, the White House said. To meet the requirements, 68% of nursing homes would have to hire nurse aides and 36% of nursing homes would have to hire RNs, it said.

Persons: Joe Biden, Kamala Harris, Leah Millis, Joe Biden's, Biden, RNs, Doina Chiacu, Daniel Wallis Organizations: White, REUTERS, Rights, Democrat, Thomson Locations: Washington , U.S

Taiwanese flags are seen at the Ministry of National Defence of Taiwan in Taipei, Taiwan, December 26, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing RightsWASHINGTON, Aug 30 (Reuters) - U.S. President Joe Biden's administration has approved a military transfer to Taiwan under the Foreign Military Financing, or FMF, program normally used for sovereign states, according to a notification sent to Congress. The Taiwan notification was first reported by the Associated Press. FMF, the largest military assistance account managed by the State Department, provides primarily grant assistance to foreign governments for the purchase of U.S. defense equipment and military training under the Foreign Military Sales program. The United States, Taiwan's most important arms supplier, last month announced a Taiwan weapons aid package worth up to $345 million.

Persons: Ann Wang, Joe Biden's, Michael McCaul, McCaul, FMF, Patricia Zengerle, Matthew Lewis Organizations: Ministry of National Defence, REUTERS, Rights, Foreign, Reuters, Associated Press, Representatives Foreign, Chinese Communist Party, State Department, Thomson Locations: Taiwan, Taipei, Beijing, Washington, China, United States, U.S

☆ State Department picks veteran diplomat Mark Lambert as top China policy official
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: +1 min

The U.S. State Department has picked veteran diplomat Mark Lambert as its top China policy official, five sources familiar with the matter said, bringing in new leadership for a part of the department that has faced staffing problems and criticism over its handling of China-focused initiatives. Waters had also served as the head of the Office of China Coordination — informally known as "China House" — a unit the department created late last year to meld China policies across regions and issues. Whether Lambert will assume the China House coordinator title is still being discussed, sources said. Lambert's appointment is unlikely to change the tone of Washington's China policy, which President Joe Biden's administration says is one of "intense competition" while trying to increase engagement with Beijing to stabilize ties. It was unclear when the State Department will formally announce the appointment.

Persons: Mark Lambert, Lambert, Rick Waters, Waters, Joe Biden's Organizations: U.S . State Department, of China Coordination, State Department, of Locations: Washington , DC, China, Taiwan, Beijing, East Asia, of China, U.S, People's Republic of China

[1/2] The logo of Italian energy company Eni is seen at the booth of Eni during the Nigeria International Petroleum Summit in Abuja, Nigeria February 10, 2020. Under the revised terms, Eni and Repsol can supply the state company with fuels, potentially helping Venezuela ease an intermittent scarcity that has led to long lines at gasoline stations in recent years. Eni and Repsol were not immediately available to respond to a Reuters request for comment. Crude received by Eni and Repsol under their swap deal has mostly been sent to Repsol's refineries in Spain. The field is run by the Petrosucre joint venture between Eni and PDVSA.

Persons: Afolabi, Repsol, PDVSA, Joe Biden's, Perla, Marianna Parraga, Francesca Landini, Pietro Lombardi, Mircely, Matt Spetalnick, David Holmes Organizations: Eni, Nigeria International Petroleum Summit, REUTERS, Companies, U.S . State Department, Kuwait Petroleum, Repsol, U.S . Treasury, PDVSA, Perla, Washington, Thomson Locations: Nigeria, Abuja, HOUSTON, Venezuela, Europe, Venezuelan, PDVSA's, Italy's Milazzo, Kuwait, U.S, Spain, Chevron, American, Venezuela's Gulf, Colombia, Milan, Madrid, Maracay, Washington

☆ First US offshore wind auction in Gulf of Mexico attracts paltry interest
▼ + stars: | 2023-08-29 | by ( Nichola Groom | ) www.reuters.com time to read: +4 min

RWE is among the world's largest offshore wind developers, with an extensive portfolio in Europe, and has also secured leases off the coasts of California and New York. The Southeast also has low power prices that could make it harder for higher-cost offshore wind generation to compete for electricity contracts. Texas does not have an offshore wind target. "Today's auction results show the important role state public policy plays in offshore wind market development," Liz Burdock, CEO of the Business Network for Offshore Wind, said in a statement. They included offshore wind development arms of European energy companies Equinor (EQNR.OL) and Shell (SHEL.L), who also have oil and gas operations in the Gulf.

Persons: Karen, Steve Nesius, Biden administration's, Germany's, RWE, Liz Burdock, Joe Biden's, ”, Elizabeth Klein, Nichola, Marguerita Choy, Nick Zieminski Organizations: REUTERS, ASA, Texas, U.S . Bureau of Ocean Energy Management, Carolinas, Business Network, Offshore, of Ocean Energy Management, Shell, . Developers, Thomson Locations: Dauphin Island , Alabama, Gulf of Mexico, Louisiana, New York, New Jersey, California, Europe, U.S, Gulf, Mexico, Texas, of Mexico

Waters had also served as the head of the Office of China Coordination - informally known as 'China House' - a unit the department created late last year to meld China policies across regions and issues. Whether Lambert will assume the China House coordinator title is still being discussed, sources said. It was unclear when the State Department will formally announce the appointment. The State Department pushed back on criticism about China House, saying it was one if its highest-functioning teams. Senior officials have acknowledged morale and staffing problems at China House, but denied they were linked to how the State department carries out China policy.

Persons: Mark Lambert, Lambert, Rick Waters, Waters, Joe Biden's, “, Biden, Xi Jinping, Daniel Kritenbrink, Humeyra Pamuk, Michael Martina, Don Durfee Organizations: U.S . State Department, of China Coordination, State Department, of, Washington, U.S, Pacific Affairs, Reuters, Republicans, Department, Thomson Locations: China, Taiwan, Beijing, East Asia, of China, U.S, People’s Republic of China, Asia, Australia, New Zealand, State, Lincoln

☆ Where student-loan forgiveness now stands for millions of borrowers one year after Biden announced his broad debt relief plan
▼ + stars: | 2023-08-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Since then, it faced legal hurdles, and the Supreme Court struck the relief down in June. Since he took office, his administration was weighing its options to get relief to borrowers, and Biden himself even questioned his authority to enact broad debt relief. About a month after the debt relief announcement, applications opened for federal borrowers to apply for an up to $20,000 reduction to their balances. It did go all the way to the Supreme Court and was deemed ineligible. Even with the Supreme Court ruling, Biden's administration has started implementing other reforms for borrowers, along with a new process for broad student-loan forgiveness using a different law.

Persons: Biden, Joe Biden's, Miguel Cardona, Harris, Biden's, it's, Joe Biden, Demetrius Freeman, Bharat Ramamurti, Chuck Schumer Organizations: Service, Biden, Social, Education Department, Republican, Supreme, Here's, White, Washington, Getty, Higher, National Economic Council Locations: Wall, Silicon

☆ Student-loan repayment is about to be 'more affordable than ever before' through a new plan that will cut monthly payments to $0 for those making under $15 an hour, Biden's Education Department says
▼ + stars: | 2023-08-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Biden officially launched the new income-driven student-loan repayment plan, known as the SAVE plan. On Tuesday, Biden's administration announced that student-loan borrowers can now officially enroll in the Saving on a Valuable Education, or SAVE, plan, after it began beta testing the program in July. "The SAVE plan is a sea change for students, making college loans far more affordable than ever before," Under Secretary of Education James Kvaal said in a statement. Borrowers who are currently enrolled in the REPAYE plan will automatically have their monthly payments adjusted to the new SAVE plan before payments restart." AdvertisementAdvertisement"The SAVE plan is a game changer," Education Secretary Miguel Cardona told reporters on a Monday press call.

Persons: Biden, Joe Biden, Biden's, Education James Kvaal, Miguel Cardona, we're Organizations: Service, Valuable Education, Education Department, SAVE, Education, Federal, Internal Revenue Service, NAACP Locations: Wall, Silicon

☆ How Biden's new student-loan repayment plan could keep borrowers from owing far more debt than they originally took out
▼ + stars: | 2023-08-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden formally launched the new income-driven repayment plan, known as the SAVE plan. Interest capitalization often keeps borrowers in repayment without being able to touch their principal balance. AdvertisementAdvertisementThe new SAVE plan would work to prevent that from happening. AdvertisementAdvertisementAside from the SAVE plan, the Education Department had previously announced plans to tackle growing interest on borrowers' balances. The formal launch of the SAVE plan comes as the student-loan payment pause is about to end after over three years.

Persons: Biden, Joe Biden's, Biden's Organizations: Service, Economic Advisors, CEA, Education Department, Higher Locations: Wall, Silicon, Biden's

REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsWASHINGTON, Aug 21 (Reuters) - PayPal's (PYPL.O) stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. "From a policy perspective, there is a seismic difference between Facebook's Libra and PayPal's stablecoin," said Isaac Boltansky, director of policy research for brokerage BTIG. Dan Dolev, a senior analyst at Mizuho, said PayPal USD is not a game-changer for PayPal investors. When Facebook unveiled Libra, a stablecoin whose operations were based in Switzerland and which was pegged to a basket of currencies, executives made no secret of their ambitions. Facebook rebranded Libra, scaled it back and moved the project to the United States, in a bid to win U.S. regulatory approval.

Persons: Fabrizio Bensch, stablecoin, Facebook's, Christopher Giancarlo, PayPal's, Isaac Boltansky, Dan Schulman, Dan Dolev, Maxine Waters, Joe Biden's, Janet Yellen, Yellen, TerraUSD, stablecoins, There's, Jack Fletcher, Patrick McHenry, Hannah Lang, Andrea Shalal, Pete Schroeder, Niket, Michelle Price, Matthew Lewis Organizations: PayPal, REUTERS, Rights, U.S ., Facebook, U.S . Commodity Futures Trading Commission, Federal Reserve, Meta, Paxos Trust, New York State Department of Financial Services, Mizuho, Financial Services, Treasury, Congress, prudential, Republican, Thomson Locations: Berlin, Germany, Washington, U.S, Switzerland, United States, transact, stablecoins, Bengaluru

☆ 2 companies scammed student-loan borrowers out of $8.8 million in 'illegal' fees over 'phony promises of loan forgiveness and lower monthly payments,' a federal watchdog says
▼ + stars: | 2023-08-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The FTC accused two companies of scamming student-loan borrowers out of $8.8 million. The FTC said they pocketed "illegal" fees for debt relief services that are normally free. A federal court halted the operations of the companies last week, and it will determine whether they violated the law. Biden's administration has previously warned borrowers to keep an eye out for scams, especially with confusion surrounding the debt relief conversation. Nearly a year ago, the Education Department announced up to $20,000 in debt relief for federal borrowers.

Persons: Joe Biden's, Samuel Levine, Pell Grant Organizations: FTC, Service, Federal Trade Commission, Intercontinental Solutions, Joe Biden's Education Department, Education Department, FTC's Bureau, Consumer Locations: Wall, Silicon

☆ Chinese duties on U.S. imports 'inconsistent' with WTO obligations
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsGENEVA, Aug 16 (Reuters) - A World Trade Organization (WTO) dispute settlement panel on Wednesday found that China had acted inconsistently with its WTO obligations by imposing additional duties on certain U.S. imports in response to U.S. tariffs on steel and aluminium. China's Commerce Ministry said it had noted the WTO panel decision and demanded that the United States immediately lift tariffs imposed on steel and aluminium imports. The U.S. imposed a 25% duty on steel imports and a 10% duty on aluminium imports in March 2018 based on the Donald Trump administration's "Section 232" national security investigation into steel and aluminium imports. In response to the U.S. duties, China announced that additional duties of between 15% and 25% would apply to certain imports originating in the United States, a measure challenged by Washington.

Persons: Denis Balibouse, Donald Trump, Joe Biden's, Gabrielle Tétrault, Farber, Susan Heavey, Ella Cao, Rachel More, Devika Syamnath, Sharon Singleton Organizations: World Trade Organization, REUTERS, Rights, Trade Organization, U.S . Trade, WTO, Ministry, U.S, Washington, United, Thomson Locations: Geneva, Switzerland, China, United States, Beijing, U.S, Washington

☆ Fisker to add Tesla's EV charging connector by 2025
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. REUTERS/Stephane MaheAug 15 (Reuters) - Electric vehicle startup Fisker (FSR.N) said on Tuesday it signed a deal with Tesla (TSLA.O) to adopt its North American Charging Standard (NACS), giving Fisker customers access to the automaker's Supercharger network by 2025. A plethora of automakers, including Ford Motor (F.N) and General Motors (GM.N), are moving away from the standard Combined Charging System (CCS) connector to Tesla's previously proprietary charging design, which is set to dominate the industry. Fisker said its vehicles made 2025 onwards will have the NACS port for charging, while other customers can use an adapter to access Tesla's 12,000-strong network of public fast chargers in the U.S. and Canada. Tesla's recent deals represent major strides in displacing a rival standard, CCS, that earlier exclusively had the backing of President Joe Biden's administration.

Persons: Stephane Mahe, Fisker, Joe Biden's, Akash Sriram, Shweta Agarwal Organizations: Fisker, REUTERS, Tesla, Ford, General Motors, CCS, Thomson Locations: Paris, France, U.S, Canada, United States, Bengaluru

☆ Niger junta says open to talks as Putin, US stress peace
▼ + stars: | 2023-08-15 | by ( Felix Onuah | ) www.reuters.com time to read: +4 min

REUTERS/Souleymane Ag Anara/File Photo Acquire Licensing RightsAug 15 (Reuters) - Niger's junta on Tuesday said that it was open to talks to resolve a regional crisis caused by last month's military coup, while Russia and the United States called for a peaceful resolution. Singh declined to call the takeover a coup but said it "certainly looks like an attempted coup." Military leaders in Mali and Burkina Faso have kicked out troops from former colonial power France and strengthened ties with Moscow. Putin has called for a return to constitutional order in Niger, while Wagner chief Yevgeny Prigozhin welcomed the army takeover and offered his services. Support for Russia has appeared to surge in Niger since the coup, with junta supporters waving Russian flags at rallies and calling for France to disengage.

Persons: Mohamed Bazoum, Ali Mahamane Lamine Zeine, Mahamat Deby, Vladimir Putin, Putin, Assimi Goita, Sabrina Singh, Joe Biden's, Singh, Bola Tinubu, Russia's Wagner, Wagner, Yevgeny Prigozhin, Felix Onuah, Mahamat Ramadane, Idrees Ali, Nellie Peyton, John Stonestreet, Estelle Shirbon, Alexandra Hudson, Jonathan Oatis Organizations: REUTERS, West, Economic, West African States, ECOWAS, Islamic, Twitter, Military, Thomson Locations: Nigerien, Niamey, Niger, Russia, United States, Ghana, al Qaeda, Islamic State, West, Central Africa, Russian, West Africa's, Central Africa's, West Africa, Mali, Burkina Faso, France, Moscow, Bazoum, Western, U.S, Germany, Italy, Paris, Abuja, Chad, Washington

The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. The DAC technology is in early stages of commercialization and will require multibillion-dollar investments to prove it can work economically and generate profits. President Joe Biden's administration views DAC technology as a tool to help meet a goal of neutralizing emissions by 2050, if it can be commercialized and applied at industrial scale. While carbon capture is applied to emissions produced at industrial facilities, DAC actively removes CO2 from the air. Some of that money will fund Occidental's 30 proposed DAC plants in Kleberg Country, Texas.

Persons: Brendan McDermid, " Roth, Joe Biden's, Vicki Hollub, Sourasis Bose, Shilpi Majumdar, David Gregorio Our Organizations: Occidental Petroleum, New York Stock Exchange, REUTERS, Carbon Engineering Ltd, Occidental, Low Carbon Ventures, U.S . Department of Energy, Congress, Carbon Engineering, Thomson Locations: New York, U.S, Texas, Louisiana, Country , Texas, Occidental, Bengaluru

☆ Biden administration tells US Supreme Court to review social media laws
▼ + stars: | 2023-08-14 | by ( Andrew Chung | ) www.reuters.com time to read: +2 min

The U.S. Supreme Court building is seen prior to the start of the court's 2022-2023 term in Washington, U.S. September 30, 2022. REUTERS/Kevin Lamarque/File PhotoAug 14 (Reuters) - President Joe Biden's administration urged the U.S. Supreme Court to take up a dispute over Republican-backed laws in Texas and Florida that would undercut efforts by social media companies to curb content deemed objectionable on their platforms. Florida is seeking to revive its law after a lower court ruled largely against it, while the industry groups are appealing a separate lower court decision upholding the Texas law, which the Supreme Court blocked at an earlier stage of the case. The companies have said that without editorial discretion their websites would be overrun with spam, bullying, extremism and hate speech. Texas' law forbids censoring users based on "viewpoint."

Persons: Kevin Lamarque, Joe Biden's, Andrew Chung, Sonali Paul Organizations: U.S, Supreme, REUTERS, Republican, Meta, Inc, Twitter, Justice Department, Thomson Locations: Washington , U.S, Texas, Florida, New York

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