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☆ G7 calls for immediate repeal of bans on Japanese food, pressing China
▼ + stars: | 2023-10-29 | by ( Kantaro Komiya | Thomson Reuters | Kantaro Writes About Everything Japan'S Economic Indicators To North Korea'S Missiles To Global Regulation On Ai Companies. His Previous Stories Have Been Published In The Associated Press | ) www.reuters.com time to read: +3 min

The G7 trade ministers, in a statement after a weekend meeting on Osaka, did not mention China but they also denounced what they consider its rising economic coercion through trade. "We deplore actions to weaponize economic dependencies and commit to build on free, fair, and mutually beneficial economic and trade relationships," said the 10-page statement. While Japan and the U.S. have called the curbs unfair, Russia announced a similar restriction earlier this month. The G7 - the United States, Japan, Germany, Britain, France, Italy and Canada - expressed "concern" over recent control measures on the export of critical minerals. "We completely agreed to build resilient and reliable supply chains" for critical minerals, semiconductors and batteries, he told a press conference.

Persons: Eugene Hoshiko, Yasutoshi Nishimura, Kantaro Komiya, William Mallard Organizations: International Atomic Energy Agency, Rights, Japan, U.S, Hamas, Thomson Locations: China, South Korea, Canada, Hisanohama Port, Iwaki, Japan, Osaka, Russia, United States, Germany, Britain, France, Italy, Ukraine, Israel, Gaza

☆ Apollo 17 astronauts collected rocks that reveal the moon’s true age
▼ + stars: | 2023-10-28 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

The moon’s gravitational pull is also the force behind ocean tides and partly why our planet has a 24-hour day. Geologist and astronaut Harrison Schmitt used an adjustable sampling scoop to retrieve lunar samples during the Apollo 17 mission in 1972. Zircon crystals formed as the moon cooled 4.46 billion years ago, and a new analysis traced them in the Apollo 17 samples. NASAAn ancient landscape has been discovered beneath the East Antarctic ice sheet, thanks to ice-penetrating radar. Understanding the hidden, well-preserved landscape could help scientists predict the evolution of the ice sheet and how it may fare as temperatures warm in the climate crisis.

Persons: Harrison Schmitt, Eugene Cernan, ”, Jennika Greer, Nick Gray, James Webb, Stewart Jamieson, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, Apollo, University of Glasgow, JBA Consulting, Environment Agency Engineers, Environment, Durham University, CNN Space, Science Locations: Europe, Africa, Asia, Australia, England's Isle of Wight, Isle of Wight, Orkney Islands, Denman, East Antarctica, Belgium, North Wales, Iraq, Syria

☆ Hong Kong property sales could surge after easing measures — but don't expect prices to pop
▼ + stars: | 2023-10-27 | by ( Vivian Kam | ) www.cnbc.com time to read: +4 min

Residential buildings in Hong Kong, China on October 23, 2023. He doesn't expect the move to reverse downward trend in Hong Kong's property prices as interest rates remain high. He expects the policy address will give property prices "a chance to stabilize" and for volumes to pick up. HIBOR refers to the interest rate for interbank borrowing, while prime rate is determined by individual banks. Risks for Hong Kong property

Persons: Vernon Yuen, John Lee, Ken Yeung, Buggle Lau, KC Mok, Mok, Kitty Yiu, Yiu, Eugene Law, Law Organizations: Getty, Hong, Midland Realty, CNBC, Hong Kong Locations: Hong Kong, China, Hong

The practice of citizen-originated ballot measures began 125 years ago when South Dakota became the first in the nation to enact a statewide initiative and referendum process. But some still invoke his name in their fight to preserve voters’ ballot measure rights. “It represents for me the fundamental idea of the equal dignity of every human being,” said Heidelberger, who blogs about South Dakota politics. The political conditions were brief but just right in 1897 for lawmakers to approve it; voters passed it the following year. In a memoir compiled by the state Socialist Party, Haire is credited with writing the amendment itself.

Persons: it’s, Robert W, Cory Heidelberger, ”, Heidelberger, Pierre, Haire, Ohioans, “ That’s, John Matsusaka, “, can’t, ” Matsusaka, ” David Schmidt, Drey Samuelson, Sen, Tim Johnson of, you’re, Samuelson, Janine Giordano Drake, Republican State Sen, Michael Rohl, Rohl, ’, Rohl didn’t, Sister Kathleen Bierne, Drake, ” Drake, Bierne, “ We’ve, Father Haire’s, Jesus ’, Eugene Debs, Liz May, Tom Heinz, Heinz, ain’t Organizations: Republican, Socialist Party, it’s, University of Southern California’s Initiative, Referendum, “ Citizen, U.S, Indiana University, Christian Socialist, Catholic, Republican State, Associated Press, Michigan, Aberdeen News, Lilly Endowment Inc, AP Locations: U.S, Ohio, South Dakota, Dakotans, Dakota, California, Tim Johnson of South Dakota, state’s, Brown, Aberdeen

CONCORD, N.H. (AP) — For months, Dean Phillips has been calling for a Democratic primary challenge to President Joe Biden. Asked by CBS News in an interview posted late Thursday if he was running for president, Phillips responded: “I am. I have to.”“I think President Biden has done a spectacular job for our country,” he said. New Hampshire has refused to comply, citing state laws saying its primary must go first, and plans a primary before South Carolina’s. “To do well in the New Hampshire primary, you have to have a message.”There are no primary debates scheduled, according to the DNC.

Persons: Dean Phillips, Joe Biden, He's, Phillips, ”, Biden, Ray Buckley, “, Karine Jean, Pierre, ” Buckley, won’t, Donald Trump, “ we're, Democratic Sen, Eugene McCarthy, Lyndon Johnson, Massachusetts Sen, Ted Kennedy's, Jimmy Carter, Pat Buchanan's, George H.W, Bush, Carter, Steve Shurtleff, I’m, ” Shurtleff, “ It’s, Joe, Terry Shumaker, Shumaker, Marianne Williamson, Robert Kennedy Jr, Talenti, Pauline Phillips, Abby, Erik Paulsen, ” Phillips, ” It's, Nancy Pelosi, Pelosi, he's, Trump, Leslie Blanding, Blanding, ” ___ Weissert, Steve Peoples, Steve Karnowski Organizations: CONCORD, Democratic, New Hampshire statehouse, CBS News, New Hampshire Democrats, Democratic National Committee, White, Biden, Trump, CBS, Biden's, DNC, New Hampshire House, AP, Associated Press Locations: N.H, Minnesota, Concord, New Hampshire, ”, Hampshire, Vietnam, forgoing, Massachusetts, Carolina, Nevada, South Carolina’s, Minneapolis, U.S, Bow , New Hampshire, Washington, New York

☆ Social Security Is Now Enriching Older Americans at the Expensive of Everyone Else - The New York Times
▼ + stars: | 2023-10-26 | by ( C. Eugene Steuerle | Glenn Kramon | ) www.nytimes.com time to read: +2 min

Like many past ones, it protects the growth of Social Security and Medicare — and cuts the share of the budget devoted to discretionary programs like science and research, environment and education. But there’s another way to help long-term: Those in late middle age will need to work longer as they live longer. That would help shore up revenue with additional Social Security taxes and the income taxes that largely pay for Part B of Medicare. We can adjust Social Security to help achieve that goal. We can both increase revenues and reduce spending by increasing the earliest retirement age from 62, and also the full-retirement age from 67.

Persons: MAGA Organizations: Democrat, Republican, Social Security, Medicare, Security Locations: Washington, France, Russia

☆ The US went from having 356 to 10,000 roundabouts in 2 decades, and a transportation engineer explains why they're so much better than traffic lights
▼ + stars: | 2023-10-25 | by ( Deogratias Eustace | The Conversation | ) www.businessinsider.com time to read: +7 min

Experts say that this road feature reduces traffic and car crashes. I research transportation engineering, particularly traffic safety and traffic operations. The birth of the modern roundabout came with yield-at-entry regulations, adopted in some towns in Great Britain in the 1950s. The first modern roundabout in the U.S. was built in Summerlin, on the west side of Las Vegas, in 1990. Ever since, the construction of modern roundabouts in the U.S. has picked up steam.

Persons: —, you've, Pierre Longnus, Charles de Gaulle, Pierre L'Enfant, Eugène Hénard, William Phelps Eno, Orbon Alija, Deogratias Eustace Organizations: Service, Engineers, Federal Highway Administration, Getty Images Engineers, Federal, Administration, Civil, Engineering Mechanics, University of Dayton Locations: United States, East Coast, Europe, Bath, England, France, U.S, Washington, DC, French, Paris, American, New York City, Great Britain, United Kingdom, Australia, North America, Summerlin, Las Vegas, Coast, West Coast, Florida, North Dakota, South Dakota, Wyoming, New York, Virginia

☆ Leaked email shows Nvidia is paying its Israel-based employees a bonus and raising $10 million in humanitarian aid for the Israel-Hamas war
▼ + stars: | 2023-10-23 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Nvidia is doubling down on its effort to help those affected by the Israel-Hamas war. In an internal email on Monday, obtained by Insider, Nvidia CEO Jensen Huang said the company will add a bonus in the upcoming paycheck for its Israel-based employees "to help in a small way." "The devastating war has caused unimaginable suffering and turned the lives of our families in Israel upside down," Huang wrote in the email. Nvidia is one of the US tech companies more directly affected by the war in Israel. Nearly 400 of those Nvidia employees have returned to military duty, Huang said in a separate email, viewed by Insider.

Persons: Jensen Huang, Huang, Nvidia's, Mellanox's, Eyal Waldman Organizations: Nvidia, Hamas, CNBC Locations: Israel, Gaza, Tel Aviv, Palestinian

☆ Apollo 17 samples reveal that the moon is 40 million years older than previously thought
▼ + stars: | 2023-10-23 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Lunar dust collected by Apollo 17 astronauts in the 1970s has revealed that the moon is 40 million years older than previously believed. After landing on the moon on December 11, 1972, NASA astronauts Eugene Cernan and Harrison Schmitt collected rocks and dust from the lunar surface. A new analysis of that sample detected zircon crystals and dated them to 4.46 billion years old. “When the surface was molten like that, zircon crystals couldn’t form and survive. A lunar zircon grain is shown under a microscope.

Persons: Eugene Cernan, Harrison Schmitt, ”, Philipp Heck, Robert A, Heck, Bidong Zhang, Zhang, Audrey Bouvier, Jennika Greer, Greer, they’re, ” Heck, “, ” Greer, Dieter Isheim Organizations: CNN, Apollo, NASA, Polar Studies, Field, Research Center, University of Chicago, University of California, Bayreuth University, University of Glasgow, Northwestern University, Field Museum, Northwestern University Center, Atom Locations: Chicago, Los Angeles, Germany, Evanston , Illinois

☆ Rock Collected by Apollo 17 Astronaut in 1972 Reveals Moon's Age
▼ + stars: | 2023-10-23 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

A half century later, crystals of the mineral zircon inside a coarse-grained igneous rock fragment collected by Schmitt are giving scientists a deeper understanding about the moon's formation and the precise age of Earth's celestial partner. This blasted magma - molten rock - into space, forming a debris disk that orbited Earth and coalesced into the moon. "I love the fact that this study was done on a sample that was collected and brought to Earth 51 years ago. "Interestingly, all the oldest minerals found on Earth, Mars and the moon are zircon crystals. The new study used atom probe tomography to determine there were no complications involving the lead atoms, confirming the age of the crystals.

Persons: Will Dunham WASHINGTON, Harrison Schmitt, Eugene Cernan, Schmitt, wouldn't, cosmochemist Philipp Heck, Bidong Zhang, Heck, Zhang, Jennika Greer, Will Dunham, Lisa Shumaker Organizations: Field Museum, University of Chicago, UCLA, Space Center, University of Glasgow, NASA Locations: Chicago, Houston, Scotland

☆ Rock collected by Apollo 17 astronaut in 1972 reveals moon's age
▼ + stars: | 2023-10-23 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

[1/4] The crescent Earth rises above the lunar horizon in this undated NASA handout photograph taken from the Apollo 17 spacecraft in lunar orbit during the final lunar landing mission in the Apollo program in 1972. A half century later, crystals of the mineral zircon inside a coarse-grained igneous rock fragment collected by Schmitt are giving scientists a deeper understanding about the moon's formation and the precise age of Earth's celestial partner. This blasted magma - molten rock - into space, forming a debris disk that orbited Earth and coalesced into the moon. "I love the fact that this study was done on a sample that was collected and brought to Earth 51 years ago. "Interestingly, all the oldest minerals found on Earth, Mars and the moon are zircon crystals.

Persons: Harrison Schmitt, Eugene Cernan, Schmitt, wouldn't, cosmochemist Philipp Heck, Bidong Zhang, Heck, Zhang, Jennika Greer, Will Dunham, Lisa Shumaker Organizations: NASA, REUTERS, Rights, Field Museum, University of Chicago, UCLA, Space Center, University of Glasgow, Thomson Locations: Chicago, Houston, Scotland

☆ IAEA should play constructive role to monitor Fukushima water discharge, says China
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: 1 min

[1/5]Paul McGinnity, research scientist of the International Atomic Energy Agency (IAEA) observes a fishing boat unloading the catch of the day for a morning auction at Hisanohama Port Thursday, Oct. 19, 2023 in Iwaki, northeastern Japan. Eugene Hoshiko/Pool via REUTERS Acquire Licensing RightsBEIJING, Oct 19 (Reuters) - China believes the International Atomic Energy Agency (IAEA) should play a constructive role and shoulder responsibility to monitor Japan's water discharge from the crippled Fukushima nuclear plant, the Chinese foreign ministry said on Thursday. Mao Ning, ministry spokesperson, made the remarks when asked why China is participating in an IAEA-led survey in Japan analysing fish landed in Fukushima prefecture following the discahrge. Reporting by Beijing Newsroom; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Paul McGinnity, Eugene Hoshiko, Mao Ning, Muralikumar Organizations: International Atomic Energy Agency, Hisanohama, REUTERS Acquire, Rights, IAEA, Beijing, Thomson Locations: Iwaki, Japan, Rights BEIJING, China, Fukushima prefecture

☆ Amazon tells managers they can now fire employees who won't come into the office 3 times a week
▼ + stars: | 2023-10-19 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Amazon is now giving managers leeway to effectively fire employees who fail to meet the company's three-times-a-week, return-to-office mandate. That's according to updated global manager guidance on Amazon's return-to-office policy obtained by Insider. The guidelines tell managers to first hold a private conversation with employees who don't comply with the three-times-a-week requirement. Giving managers the ability to fire employees for non-compliance is the strongest measure Amazon has taken over its return-to-office policy. In February, Amazon said that corporate employees would have to come into the office at least three times a week starting in May.

Persons: Amazon's, Amazon, Andy Jassy, Rob Munoz, Munoz, We'll Organizations: Amazon, Amazon's

☆ Scientists test Fukushima fish after nuclear plant water release
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

Eugene Hoshiko/Pool via REUTERS Acquire Licensing RightsIWAKI, Japan, Oct 19 (Reuters) - A team of international scientists collected fish samples from a port town near Japan's crippled Fukushima nuclear plant on Thursday, seeking to assess the impact of the plant's recent release of treated radioactive water into the sea. Scientists from China, South Korea and Canada observed the collection of fish samples delivered fresh off the boat at Hisanohama port, about 50 kilometres south of the plant which was destroyed in the 2011 earthquake and tsunami. The samples will be sent to laboratories in each country for independent testing, the International Atomic Energy Agency (IAEA) said. Before being released, the water is filtered to remove isotopes, leaving only tritium, a radioactive isotope of hydrogen that is hard to separate, plant operator Tepco says. Reporting by Reuters staff; Writing by John Geddie; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Eugene Hoshiko, Paul McGinnity, John Geddie, Bernadette Baum Organizations: International Atomic Energy Agency, REUTERS Acquire, Rights, IAEA, Tepco, Reuters, Thomson Locations: Hisanohama Port, Iwaki, Japan, Rights IWAKI, Japan's, China, South Korea, Canada

☆ Opinion | Biden’s Aid, and Pointed Advice, to Israel
▼ + stars: | 2023-10-19 | by ( ) www.nytimes.com time to read: +4 min

Ron BoyerEugene, Ore.To the Editor:As an American Jew, I am horrified by President Biden’s response to Hamas’s horrific murder of Israelis on Oct. 7. By providing military aid to Israel, the U.S. government is fueling the Israeli government’s vastly disproportionate response, in which it has already killed more Palestinian civilians than Israeli civilians were killed by Hamas. To the Editor:As an American Israeli living in Israel with a son in the Israel Defense Forces, I feel that I must speak out. It is clear to Israelis that in carrying out these atrocities, Hamas was seeking to draw Israel into precisely the actions that Israel is now engaged in. The justification for those actions could be debated endlessly, but the world must know that Israel considers itself in existential peril.

Persons: “ Biden, Biden, Ron Boyer Eugene, Biden’s, Mr, Miriam Shakow Narberth, ”, “, Lea Brilmayer Branford, David Gilmore Holon Organizations: U.S, Israel, Hamas, Yale University, Israel Defense Forces Locations: American, Israel, U.S, Pa, Conn

☆ Leaked document shows Amazon wants to bring personalized ads to its smart shopping carts in grocery stores
▼ + stars: | 2023-10-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Dash Cart users are required to sign in to the cart using an Amazon or Whole Foods account. At the time, Amazon made the Dash Cart available at select Whole Foods stores, in addition to many of its Fresh grocery stores. Once personalized ads are rolled out, Dash Cart users would get ads based on things like the area of the store they are in. Dash Cart users are able to automatically check-out products placed in the cart without having to go through a cashier. But its physical stores revenue, mostly coming from Whole Foods and its Fresh grocery stores, grew just 6% year-over-year last quarter to $5 billion.

Persons: Dash, it's, Jefferies Organizations: Amazon, Foods, Investment

☆ The Siege of Hamas Is No War Crime
▼ + stars: | 2023-10-17 | by ( Eugene Kontorovich | ) www.wsj.com time to read: 1 min

Journal Editorial Report: A deep Republican divide paralyzes the government. Image: Ohad Zwigenberg/Associated PressMost victims of the Oct. 7 massacre in Israel weren’t yet buried when some prominent international voices—including U.S. Sen. Bernie Sanders , the nonprofit Human Rights Watch, and Josep Borell , the European Union’s top diplomat—suggested that Israel’s first efforts to defend itself are war crimes. This raises an important question: Does international law require a nation to choose between committing war crimes and having war crimes committed against it?

Persons: Israel weren’t, . Sen, Bernie Sanders, Josep Borell, — Organizations: Associated Press, ., Human Rights Watch Locations: Israel

☆ Longer Commutes, Shorter Lives: The Costs of Not Investing in America
▼ + stars: | 2023-10-17 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +3 min

The stagnation of investment does not stem only from the size of government. But the United States has effectively starved programs focused on the future at the expense of those focused on the present. For decades, incomes and wealth have grown more slowly than the economy for every group other than the very rich. Net worth for the typical family shrank during the first two decades of the 21st century, after adjusting for inflation. The trends in many noneconomic measures of well-being are even worse: In 1980, life expectancy in the United States was typical for an industrialized country.

Persons: Eugene Steuerle, “, —, Biden, Eisenhower Organizations: Republicans, Democrats, Social Security, Urban Institute, Democrat, Republican, Republican Party Locations: United States, Washington, Canada, Japan, South Korea, Australia, Britain, France, Germany, Italy, Slovenia, Greece, China

☆ Leaked email shows Amazon's private label boss moved to a new job internally after the company cut dozens of in-house brands
▼ + stars: | 2023-10-16 | by ( Eugene Kim | ) www.businessinsider.com time to read: +2 min

Amazon's executive in charge of its private-label business has found a new role on the supply chain side, following the company's decision to axe dozens of house brands, Insider has learned. Matt Taddy, formerly Amazon's VP of private brands, is now VP of supply chain optimization technology, also known as SCOT, according to an internal email reviewed by Insider. Amazon's private label business launched dozens of in-house brands in recent years across a number of categories, including clothing, furniture, and electronics. The Federal Trade Commission said in a lawsuit against Amazon last month that the company "degrades its search quality by stacking the deck against third-party competitors of Amazon's private label products." In response, Amazon started significantly scaling back its private label business, and decided to cut many of these brands, according to the Wall Street Journal .

Persons: Matt Taddy, Taddy, Deepack Bhatia, John Felton, Felton, Matt, didn't Organizations: Worldwide Operations, Federal Trade Commission, Amazon, Wall Street, University of Chicago, Microsoft

☆ Crowds cheer as 'ring of fire' eclipse moves across the Americas, stretching from Oregon to Brazil
▼ + stars: | 2023-10-14 | by ( ) www.cnbc.com time to read: +2 min

The Moon crosses in front of the Sun over Albuquerque, New Mexico, during an annular eclipse on October 14, 2023. Cheers erupted among crowds in Oregon and New Mexico on Saturday as a rare "ring of fire" eclipse of the sun that had millions across the Americas waiting with anticipation began putting on a spectacular show. Clouds and fog threatened to obscure the view of the eclipse in some western states, including California and Oregon. Unlike a total solar eclipse, the moon doesn't completely cover the sun during a ring of fire eclipse. Saturday's path: Oregon, Nevada, Utah, New Mexico and Texas in the U.S., with a sliver of California, Arizona and Colorado.

Persons: they'd, Allan Hahn Organizations: Sun, NASA, oohs, Western Hemisphere Locations: Albuquerque , New Mexico, Oregon, New Mexico, Eugene , Oregon, California, Aurora , Colorado, Oregon , Nevada , Utah, Texas, U.S, California , Arizona, Colorado, Yucatan, Belize, Honduras, Nicaragua, Costa Rica, Panama, Colombia, Brazil

☆ A rare solar eclipse is happening in the US this weekend and 68 million Americans have the chance to see it. Here's when, where, and how to see this spectacular 'ring of fire' safely.
▼ + stars: | 2023-10-13 | by ( Morgan Mcfall-Johnsen | Maiya Focht | ) www.businessinsider.com time to read: +9 min

Here's what causes a solar eclipse, how often they happen, and how to watch without burning your eyes. What an annular solar eclipse is, and what causes itThe entire sequence of an annular solar eclipse, from the beginning to the ring of fire. After that, the contiguous US won't see another total solar eclipse until 2044, or an annular eclipse until 2046. AdvertisementAdvertisementThe paths of the October 2023 annular solar eclipse (left) and the 2024 total solar eclipse (right). How to view a solar eclipse without burning your eyesIf you look at a solar eclipse with no protection, you could damage your eyes.

Persons: —, annularity, MDT, you'll, goh keng cheong, Guhathakurta, Sertac Kayar, Alex Lockwood, Donald Trump, Melania, Barron, Kevin Lamarque, Connie Moore Organizations: Service, NASA, NASA's, US, White, National Park Service, NPS Locations: Oregon, Texas, annularity Eugene, , California, , Nevada, Richfield , Utah, MDT Albuquerque, New Mexico, MDT San Antonio , Texas, Colorado, New York, Diyarbakir, Turkey, Maine, Corpus Christi , Texas

☆ Strange Amazon job posting suggests the company is fishing for 'opportunistic' hires
▼ + stars: | 2023-10-13 | by ( Ashley Stewart | Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon accidentally published a job posting for a director of security engineering for something called "Project Panda" with a strange description indicating the listing would be used to find "opportunistic candidates." "This posting was listed in error and we're working to remove it," Brad Glasser, an Amazon spokesperson said. "Pooling requisition for security," the now-deleted job posting repeatedly stated. The job posting, and the description in particular, fueled speculation among insiders over if Amazon is advertising positions the company doesn't intend to fill, one told us. Amazon laid off 27,000 employees over the past year, and has put a hiring freeze in many teams across the company.

Persons: Brad Glasser, that's, Eugene Kim Organizations: Amazon, LinkedIn, AWS Locations: Detroit

☆ Kia Corp unveils three smaller-medium-sized EVs to speed its electrification ambitions
▼ + stars: | 2023-10-12 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

SEOUL, Oct 12 (Reuters) - Kia Corp (000270.KS) on Thursday unveiled three new small-to-medium sized electric vehicles (EV) to attract a wider range of customers in an effort to expedite its electrification strategies. The production of the EV5 will take place in both China and South Korea, Kia said, adding that the EV5 in China and South Korea would have different battery types. Kia did not disclose the detailed driving range of the EV5 for South Korea, adding that it will be tailored to meet market demands. Analysts said Kia's push to launch more affordable EVs is timely as an increasing number of car buyers are looking to purchase price friendly EVs. "While those early adopters have preferred more expensive premium electric vehicles, as EVs have become more popular among more general public, consumer needs for more affordable EVs have significantly grown," said Lee Jae-il, an analyst at Eugene Investment & Securities.

Persons: Kia, Song Ho Sung, ”, Spencer Cho, Lee Jae, Heekyong Yang, Sharon Singleton Organizations: Kia Corp, South, Kia, Global, Analysts, Eugene Investment, Securities, Thomson Locations: SEOUL, South Korea, China

Lynch said his agency is seeking congressional authorization to study another round of deepening for the Savannah River shipping channel. The Army Corps of Engineers last year finished deepening the waterway by 5 feet (1.5 meters), a $973 million project that took 25 years to study and execute. And it’s not just for the Georgia Ports Authority. Buddy Carter, a Republican whose district includes Savannah's port, said they support studying another harbor expansion. “This port affects every county in Georgia,” said Georgia House Speaker Jon Burns, a Republican who attended the speech.

Persons: Griff Lynch, Lynch, We’ve, They're, Eugene Talmage, “, Sen, Raphael Warnock, Buddy Carter, ”, Jon Burns, Chris DeScherer, ” DeScherer Organizations: Georgia Ports Authority, Army Corps, Engineers, U.S ., Port, Georgia Department of Transportation, Army Corps of Engineers, Water Resources, Democrat, U.S . Rep, Republican, Southern Environmental Law, Wildlife Locations: SAVANNAH, Ga, Port, Savannah, U.S, Georgia, “ State, India, Thailand, Vietnam, U.S . East Coast, Panama, East Coast, Suez, Savannah's

☆ Union at Kia Corp suspends strike action to resume talks with company
▼ + stars: | 2023-10-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

The union and Kia's management had been holding talks for three months over wage increases and an extension of the retirement age. Earlier, the union said it would limit working hours for six working days from Oct. 12 after negotiations stalled, in what would have been the first industrial action at Kia in three years. Kia declined to comment on the industrial action. Last month, the union at South Korea's second largest automaker with more than 26,600 members said 92.3% of its members had approved strike action unless the management accepts their demands. Because the deals with Hyundai Motor and affiliate Hyundai Mobis (012330.KS) were concluded without any industrial action, Kia's unions are likely to avoid any major industrial action, analysts said.

Persons: Kim Hong, Kia Corp's, Lee Jae, Heekyong Yang, Edmund Klamann Organizations: Kia Corp, REUTERS, Rights, Kia, Reuters, South, Hyundai Motor, Hyundai Mobis, Eugene Investment, Securities, Thomson Locations: Seoul, South Korea, Rights SEOUL, KS, South Korea's

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