DIRS.INFO The most relevant business & tech news

☆ Onana the hero as Cameroon qualify for Cup of Nations finals
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

GAROUA, Cameroon, Sept 12 (Reuters) - A nervy Cameroon scored twice in the second half to beat Burundi 3-0 in Garoua on Tuesday and qualify for January’s Africa Cup of Nations finals, overcoming their plucky opponents as Andre Onana marked his return to the team with a series of key saves. Cameroon had needed to win the game to ensure a place in the finals. Victory saw them finish top of three-team Group C and also ensured that Namibia would qualify with them while Burundi missed out. With Group C settled, the field for the 24-team Cup of Nations finals in the Ivory Coast from Jan. 13-Feb. 11 next year is complete. Writing by Mark Gleeson in Cape Town; Editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andre Onana, Victory, Bryan Mbeumo, Christopher Wooh, Wooh, Karl Toko Ekambi, Vincent Aboubakar, Onana, Caleb Bimenyimana, Rigobert, Mark Gleeson, Clare Fallon Organizations: Cameroon, January’s Africa, Nations, Lions, Manchester United, Thomson Locations: GAROUA, Cameroon, Burundi, Garoua, Namibia, Qatar, Brazil, Ivory, Cape Town

☆ BP CEO Bernard Looney resigns after not being 'fully transparent' on prior relationships
▼ + stars: | 2023-09-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Bernard Looney, CEO of BP, speaks during the 2023 CERAWeek by S&P Global conference in Houston, March 7, 2023. BP chief executive officer Bernard Looney has resigned after less than four years on the job, the London-based oil producer announced Tuesday. The resignation of Looney, who took over as CEO of BP in 2020 after previously leading BP's Upstream group, focused on exploration and production, is effective immediately. The company's chief financial officer Murray Auchincloss will serve as interim CEO, BP said. The change comes as Looney informed the company that he was not "fully transparent in his previous disclosures" about relationships with colleagues prior to becoming CEO, BP said.

Persons: Bernard Looney, Looney, Murray Auchincloss Organizations: BP, P Global, Company, Financial Times Locations: Houston, London, U.S

☆ HSBC names its ‘must see stocks’ in the UK with substantial upside
▼ + stars: | 2023-09-12 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

British bank HSBC has revealed a list of stocks in the U.K. it says are a "must-see" — regardless of how market conditions pan out over the rest of the year. Value stocks For those seeking "fundamentally cheap [stocks] with limited risk and/or high yield," HSBC listed value stocks. The analysts' price target of £2,130 pounds gives the stock a 44% upside from its close on Sept. 7. Misunderstood stocks HSBC also has a category called "misunderstood" stocks, capturing "companies or business models we think are misunderstood and therefore at the wrong price". Both companies are "buys" for HSBC, with target prices of £6,800 and £2,915 – or 55.1% and 87.7% — upside respectively.

Persons: Hilton, Coats, —, — —, Michael Bloom Organizations: HSBC, Hilton Food, IMI, DCC

Republican lawmakers filed legislation exempting release of the travel and security records after an outcry over a proposal to significantly scale back the state's Freedom of Information Act. Sanders is seeking the limits as State Police is being sued by an attorney and blogger who has accused the agency of illegally withholding records about the governor's travel and security. The newest bill also removes proposals facing opposition that would have created an attorney-client privilege exemption for state records and a change in how attorneys' fees are awarded in open records lawsuits. The legislation filed Tuesday would require State Police to file quarterly reports that identifies by month and budget category expenses for the governor’s security. It would also make the exemptions on the governor's security retroactive to June 1, 2022.

Persons: Sarah Huckabee Sanders, Sanders, Bart Hester, Donald Trump’s, Democratic Sen, Clarke Tucker, “, ” Tucker, Robert Steinbuch, William H, ” Steinbuch, ” Organizations: —, GOP, Republican, Senate Republicans, State Police, Democratic, University of Arkansas, Bowen School of, Arkansas Press Association, Society of Professional Journalists, Press Association, Arkansas Broadcasters Association, Republican Party Locations: — Arkansas, Arkansas, Little

The plan to restrict records has prompted an outcry from press groups, transparency advocates, Democrats and some conservatives who said it undermines the state’s 1967 law that protects the public’s access to government records. Opponents have also questioned the need for quickly pushing for the legislation in a special session. The bill would close off access to records that are at the center of a lawsuit an attorney and blogger has filed against the Arkansas State Police. David Couch, an attorney who has authored successful ballot initiatives on medical marijuana and the minimum wage, said earlier Monday he was working on a referendum effort on the FOI changes if they become law. A Senate committee on Monday endorsed the tax cut legislation, which calls for cutting the top individual and corporate income tax rates by .3%.

Persons: Sarah Huckabee Sanders, Sanders, “ We've, Bart Hester, Hester, “, ”, Joey McCutchen, she's, Donald Trump's, “ We’re, Matt Campbell, David Couch, I've, Couch Organizations: —, Senate, Fort, State Police, Republicans, Arkansas State Police, Arkansas Press Association, Society of Professional Journalists, Republican Party, Prosperity Locations: — Arkansas, Fort Smith, Arkansas

☆ Olam Group denies reports of multi-billion dollar forex fraud in Nigeria, shares slump
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

An Olam logo is pictured in their office in Singapore August 14, 2017. REUTERS/Edgar Su/File Photo Acquire Licensing RightsSept 11 (Reuters) - Singapore's Olam Group (OLAG.SI) on Monday denied reports by the Nigerian media last week, alleging that its units in the African country were involved in a multi-billion dollar foreign exchange fraud. The Daily Nigerian and Prime Business Africa reported that Nigeria's secret police was investigating the company's units Olam Nigeria and Olam International and their associate firms for a more than $50 billion foreign exchange fraud. "The company categorically denies the allegations in the Articles," Olam said in a statement, and said it has directed its audit committee to review the matter. The company said that its unit Olam Nigeria has responded to requests for information by Nigerian authorities and will continue to cooperate.

Persons: Edgar Su, Olam, Echha Jain, Sonia Cheema Organizations: REUTERS, Daily Nigerian, Prime Business Africa, Olam International, Thomson Locations: Singapore, Nigerian, Nigeria, Bengaluru

☆ DR Congo, Mauritania and Mozambique qualify for Cup of Nations finals
▼ + stars: | 2023-09-09 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

CAPE TOWN, Sept 9 (Reuters) - The Democratic Republic of Congo, Mauritania and Mozambique qualified for the next Africa Cup of Nations finals with wins on Saturday, but the games were overshadowed by the earthquake in Morocco that killed more than 1,000 people. The Gambia and Congo teams had to evacuate their hotel rooms when the quake hit on Friday and spent the night sleeping next to their respective hotel swimming pools. Mozambique booked their place earlier on Saturday with a last-gasp 3-2 home win over Benin in Maputo. On top of hosts Ivory Coast and Saturday's successful trio, the other finalists are Algeria, Angola, Burkina Faso, the Cape Verde Islands, Egypt, Equatorial Guinea, Ghana, Guinea, Guinea Bissau, Mali, Morocco, Nigeria, Senegal, South Africa, Tanzania, Tunisia and Zambia. Writing by Mark Gleeson in Cape Town; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Pierre, Emerick, Jean Noel Amonome, Theo Bongonda, Saturday's, Mark Gleeson, Ken Ferris Organizations: Democratic, Africa, Nations, U.S . Geological, Reuters, Confederation of African Football, DR, Belgium, Congolese, Clesio, Ivory Coast, Thomson Locations: CAPE, Democratic Republic of Congo, Mauritania, Mozambique, Morocco, Liberia, Gambia, Congo, Marrakech, The Gambia, Ivory Coast, DR Congo, Sudan, Gabon, Kinshasa, Mayele, Benin, Maputo, Senegal, Burundi, Cameroon, Namibia, Algeria, Angola, Burkina Faso, Cape Verde Islands, Egypt, Equatorial Guinea, Ghana, Guinea, Guinea Bissau, Mali, Nigeria, South Africa, Tanzania, Tunisia, Zambia, Cape Town

☆ Stripe, Shopify, H&M spend $7 million on carbon removal from a dozen new companies
▼ + stars: | 2023-09-07 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +6 min

Stripe, Shopify and H&M Group announced Thursday they are spending $7 million on carbon removal from a dozen carbon removal startups. Stripe, Shopify and H&M are three of the member companies of Frontier, and together, they spent $7 million on carbon removal purchases from 12 companies: Airhive, Alkali Earth, Banyu Carbon, Carbon Atlantis, CarbonBlue, CarbonRun, EDAC Labs, Holocene, Mati, Planetary Technologies, Spiritus Technologies and Vaulted Deep. Frontier facilitates carbon removal purchases for its member companies via multiple pathways, including pre-purchase agreements and offtake agreements. Zoom In Icon Arrows pointing outwards Mati is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M. Zoom In Icon Arrows pointing outwards CarbonBlue is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M.

Persons: Mati, Charm, stover, Joanna Klitzke, Klitzke, that's Organizations: M, Frontier, EDAC Labs, Planetary Technologies, Spiritus Technologies, Autodesk, JPMorgan Chase, McKinsey, Meta, CNBC, United Nations, & $ Locations: Mati, India, Gulf of Mexico

☆ Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company
▼ + stars: | 2023-09-05 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."

Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona

"There is a significant risk in the short term of financial crisis or other degree of economic crisis that would carry very substantial social and political costs for the Chinese government. By the time the global financial crisis hit in 2008-09, it had already met most of its investment needs for its level of development, economists say. To keep growth high, China in the 2010s doubled down on infrastructure and property investment, at the expense of household consumption. China has since backed away from major financial market liberalisation while plans to rein in state behemoths and introduce universal social welfare never quite materialised. "But at the same time there's a great fear of the short-term political and social risk, especially of provoking an economic crisis."

Persons: Xi Jinping's, William Hurst, Chong Hua, there's, Max Zenglein, We're, Logan Wright, Alicia Garcia Herrero, Hurst, Liangping Gao, Kevin Yao, Kripa Jayaram, Marius Zaharia, Sam Holmes Organizations: Development, University of Cambridge, International Monetary Fund, Asia Pacific, China's, Reuters Graphics, Thomson Locations: BEIJING, China, Japan, Beijing, Natixis

☆ Liverpool handed favourable draw in Europa League group stage
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

[1/3] Soccer Football - Europa League - Group Stage Draw - Monaco, Monaco - September 1, 2023 General view of the completed draw Valerio Pennicino/Handout via REUTERS Acquire Licensing RightsSept 1 (Reuters) - Liverpool will take on LASK, Union Saint-Gilloise and Toulouse in the Europa League group stage while debutants Brighton & Hove Albion will face Ajax Amsterdam and Olympique de Marseille following the draw on Friday. Liverpool, who have lifted the trophy on three occasions, will be hot favourites to qualify top from Group E.Brighton face a tough task in their bid to progress past the group stage on their debut in European competition. Europa Conference League champions West Ham United were drawn with Olympiacos, Freiburg and TSC Backa Topola in Group A. Third-placed teams in the Europa League groups will drop to the third-tier Europa Conference League where they will play the group runners-up from that competition in the knockout round playoffs. The Europa League final will take place at Dublin's Aviva Stadium on May 22 next year.

Persons: Valerio Pennicino, Brighton's, Aadi Nair, Toby Davis Organizations: Soccer, Europa League, Monaco, REUTERS Acquire, Brighton & Hove Albion, Ajax Amsterdam, Olympique de Marseille, Liverpool, E, Brighton, Ajax, Marseille, AEK Athens, Europa Conference League, West Ham United, Olympiacos, TSC Backa, AS Roma, Slavia Prague, Sheriff Tiraspol, Servette, Bayer Leverkusen, Germany, Qarabag, Molde FK, BK Hacken, League, Dublin's Aviva, Thomson Locations: Monaco, Handout, Liverpool, LASK, Union, Toulouse, Freiburg, Bengaluru

☆ Champions League draw: Paris Saint-Germain in ‘group of death’ and Harry Kane to return to England
▼ + stars: | 2023-08-31 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

CNN —It’s time for Europe’s biggest soccer clubs to go head-to-head again and the draw for this season’s Champions League group stages didn’t disappoint in producing some mouthwatering fixtures. Jurij Kodrun/Getty ImagesIndividual awardsFollowing the Champions League draw, individual awards were handed out for the 2022-23 season. The Spaniard led Manchester City to a historic treble as the club picked up silverware in the Premier League, the FA Cup and the Champions League. Bonmatí also had a brilliant season for club team Barcelona, where she was influential as it won a league and Champions League double. Pep Guardiola and Erling Haaland were awarded for their part in helping Manchester City to a historic treble of trophies.

Persons: CNN —, Germain, Mbappé, Charly Triballeau, Harry Kane, Jurij Kodrun, Pep Guardiola, Erling Haaland, Haaland, Sarina Wiegman, Wiegman, Aitana Bonmatí, Bonmatí, Franck Fife Organizations: CNN, Europe’s, Champions League, Paris Saint, Borussia Dortmund, AC Milan, Newcastle, PSG, Getty, Tottenham Hotspur, Bayern Munich, Manchester United, Galatasaray, League, Manchester City, G, Arsenal, Gunners, Real, Napoli, Braga, Union Berlin, UEFA, Spaniard, Premier League, FA, Manchester, England, Barcelona, Galatasaray Group B – Sevilla, PSV Eindhoven, Lens, Real Madrid, Union Berlin Group, Benfica, Inter Milan, RB Salzburg, Real Sociedad Group E – Feyenoord, Atletico Madrid, Celtic, Saint, RB Leipzig, Crvena zvezda, Star, Young Boys, Shakhtar Donetsk, Royal Locations: Paris, Newcastle, AFP, England, Copenhagen, Europe, Real Madrid, Spain, Manchester, Braga, Lazio, Barcelona, Porto, Royal Antwerp

☆ I regret moving to Boulder, Colorado. I thought I'd fit right in, but it was the loneliest two years of my life.
▼ + stars: | 2023-08-31 | by ( Amanda Loudin | ) www.businessinsider.com time to read: +6 min

Amanda Loudin moved from Maryland to Boulder, Colorado but returned home after two years. So you'd think a move from Maryland to Boulder, Colorado would've been the perfect match for me. Moving to Boulder wasn't what I expectedI'm one of the many remote workers who took a leap during the pandemic and relocated. I always thought I'd retire in Colorado, but during the pandemic, I decided to move up my timeline and go now. I don't think people in Boulder are unfriendly, just different from what I'm used to in the mid-Atlantic, where I've lived my entire adult life.

Persons: Amanda Loudin, Boulder , Colorado would've, I'd, I've, we're Organizations: Service, Boulder Locations: Maryland, Boulder , Colorado, Wall, Silicon, Boulder, Colorado, it's

☆ What happened to shut down Toyota's production in Japan?
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

WHAT HAPPENED TO SHUT DOWN TOYOTA'S PRODUCTION IN JAPAN? Toyota's production has been recovering this year, so the outage could be potentially more costly than the 2022 shutdown. Toyota's production in Japan - about a third of its global output - averaged about 13,500 vehicles a day in the first half of the year, Reuters calculations showed. WHAT IS TOYOTA'S PRODUCTION AND SUPPLIER MANAGEMENT SYSTEM? Toyota's system of lean production and just-in-time parts delivery has been adopted across the auto industry and widely studied.

Persons: Taichi Ono, Wiggly, Koji Sato, Akio Toyoda, Tesla, Daniel Leussink, Satoshi Sugiyama, Kevin Krolicki, Christopher Cushing Organizations: Toyota, Kyodo, REUTERS Acquire, Kojima Industries, Lexus, Daihatsu, Hino, TOYOTA, ITS, Thomson Locations: Toyota, Aichi Prefecture, Japan, JAPAN, United States

☆ Toyota's Japan production at standstill as system failure hits assembly plants
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: +1 min

Workers of Japanese automobile giant Toyota Motor assemble vehicles at the company's Motomachi plant near Nagoya, Japan on July 30, 2018. Toyota Motor on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world's biggest-selling automaker. Toyota suspended 12 plants in its home market from Tuesday morning and added the final two from the afternoon, the spokesperson said. Toyota's domestic production had been on the rebound after a series of output cuts it blamed on semiconductor shortage. Its Japan output averaged about 13,500 vehicles daily in the first half of the year, Reuters calculations showed.

Organizations: Toyota Motor, Toyota, Daihatsu, Hino Locations: Nagoya, Japan

☆ Toyota to restart Japan production on Wednesday after system failure
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +3 min

SummaryCompanies Toyota suspends production at all 14 domestic assembly plantsSystem failure preventing Toyota from ordering partsCause under investigation, not likely to be a cyberattackPlants make up third of Toyota world output -Reuters calculationStock closes down 0.2%TOKYO, Aug 29 (Reuters) - Toyota Motor (7203.T) will restart operations at its assembly plants in Japan on Wednesday, after a production system malfunction brought domestic output to a halt at the world's biggest-selling automaker. The plants together account for about a third of the automaker's global production, Reuters calculations showed. Toyota's domestic production had been on the rebound after a series of output cuts it blamed on semiconductor shortages. Its Japan output averaged about 13,500 vehicles daily in the first half of the year, Reuters calculations showed. Toyota is a pioneer of just-in-time inventory management, which keeps down costs but means supply chain snarls put production at risk.

Persons: Seiji Sugiura, Satoshi Sugiyama, Miyoung Kim, Kevin Krolicki, Daniel Leussink, David Dolan, Christopher Cushing, Mark Potter Organizations: Toyota, Daihatsu, Hino, Kyodo, REUTERS Acquire, Analysts, Tokai Tokyo Research Institute, Toyota Industries, Thomson Locations: TOKYO, Japan, , Toyota, Aichi Prefecture, China

☆ Tens of thousands expected for March on Washington’s 60th anniversary demonstration
▼ + stars: | 2023-08-26 | by ( ) www.cnbc.com time to read: +7 min

Martin Luther King III, along with his wife, Arndrea Waters King, and their 15-year-old daughter, Yolanda, have developed a set of traditions for this time of the year. The original march, which featured their father as a centerpiece, helped till the ground for passage of federal civil rights and voting rights legislation in the 1960s. "What we know is when people stand up, the difference can be made," Martin Luther King III told The Associated Press in an interview ahead of Saturday. Twenty three years ago, she introduced Sharpton and Martin Luther King III at a 37th anniversary march and urged them to carry on the legacy. And the voting rights marches from Montgomery to Selma, Alabama, in which marchers were brutally beaten while crossing the Edmund Pettus Bridge in what became known as "Bloody Sunday," forced Congress to adopt the Voting Rights Act of 1965.

Persons: Martin Luther King, Martin Luther King III, Arndrea Waters, Yolanda, Martin Luther King Jr, Arndrea, Kings ', Bernice King, We've, Bernice, Jr, Andrew Young, King, U.N, General Merrick Garland, Kristen Clarke, Joe Biden, Kamala Harris, Biden, Al Sharpton, Coretta Scott King, Sharpton, Martin, we've, Edmund Pettus, there's, didn't Organizations: Washington, Lincoln Memorial, Washington DC, Jobs, Kings, Major Institute, National Action, Supreme, Associated Press, NAACP, National Urban League, White, National Action Network, Nonviolent, Vigilance, Baptist, Civil Locations: Washington, Atlanta, Birmingham , Alabama, Neshoba County , Mississippi, Montgomery, Selma , Alabama

☆ Sweden top women's rankings, world champions Spain second
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

Spain climbed from sixth to second, demoting the U.S. to third, while runners-up England and quarter-finalists France remained fourth and fifth in the latest rankings published on Friday. Sweden, who were third before the World Cup, joined Germany as the only other team to have led the rankings after beating tournament co-hosts Australia to win bronze. They recorded their worst performance at a World Cup after being knocked out by Sweden in a shootout in the last 16. Australia dropped one place to 11th despite finishing fourth at the World Cup, with Japan (eighth) returning to the top 10 following a run to the quarter-finals. World Cup debutants Morocco were the biggest movers, jumping 14 places to 58th.

Persons: Amanda Perobelli, Hritika Sharma, Peter Rutherford Organizations: Soccer Football, FIFA, Brisbane, France, Japan, New Zealand, Olympic, Canada, Thomson Locations: New Zealand, Sweden, Brisbane, Australia, United States, Spain, U.S, England, Germany, Morocco, Hyderabad

☆ Instacart files to go public on Nasdaq to try and unfreeze tech IPO market
▼ + stars: | 2023-08-25 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

Instacart, the grocery delivery company that slashed its valuation during last year's market slide, filed its paperwork to go public on Friday in what's poised to be the first significant venture-backed tech IPO since December 2021. In May, Instacart said it was leaning into the generative AI boom with Ask Instacart, a search tool that aims to answer customers' grocery shopping questions. Instacart will try and crack open the IPO market, which has been mostly closed since late 2021. In March of last year, Instacart slashed its valuation to $24 billion from $39 billion as public stocks sank. Apoorva Mehta, Instacart's founder and executive chairman, plans to transition off the board after the company's public market debut, according to a 2022 release.

Persons: Instacart, Fidji Simo, haven't, Japan's SoftBank, Uber, They've, Simo, Mark Zuckerberg, Apoorva Mehta, Barry McCarthy, Snowflake, Frank Slootman, Andreessen Horowitz's Jeff Jordan, Shipt, Goldman Sachs, Nick Giovanni Organizations: Nasdaq, PepsiCo, Maplebear Inc, Target, Walmart, Meta, Walmart Grocery, Google, Sequoia Capital, DJ Capital Partners, Norges Bank Investment Management, TCV, D1 Capital Partners, Valiant Capital Management Locations: what's

☆ Ukrainians who don't want to fight are using huge Telegram group chats to dodge drafting officers
▼ + stars: | 2023-08-22 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +2 min

Ukrainians who want to avoid being drafted are turning to massive group chats to evade drafting officers. Some of these chats have more than 100,000 members, BBC News reported. They're popular across the country and are used to track the movements of drafting officers, the report said. These Telegram group chats — some of which have more than 100,000 members — are used across Ukraine to tip members off about where draft officers are, the BBC reported. The report said that some men are so intent on avoiding being drafted that they've left Ukraine altogether, all while drafting officers rely on increasingly more strong-arm tactics to recruit soldiers.

Persons: they've, Nazar Vernyhora Organizations: BBC News, Service, BBC, The New York Times, Times Locations: Wall, Silicon, Russia, Ukraine, Ukrainian

☆ China's financial regulators urge support for resolving local debt risks
▼ + stars: | 2023-08-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. The meeting called for coordinating financial support to resolve local debt risks, and adjusting policy for real estate loans. The weak financial situation of local governments has prevented the central government from supporting the economy with fiscal policy, Rhodium Group analysts said in June. Earlier this year, authorities emphasized that preventing financial risks was a priority. "China's ongoing property downturn and COVID restrictions last year have strained the finances of many local governments," S&P Global Ratings analysts said in an early July report.

Persons: Jason Lee, Pan Gongsheng Organizations: People's Bank of China, Reuters, Group, China, Global, National Administration of Financial, China Securities Regulatory, Central Financial Locations: Beijing, China, Reuters BEIJING, Shanghai, Shenzhen

Zhang Yaoyu, PCI's global head of LNG trading, declined to comment on the company's traded volume, but said trading was part of the company's overall strategy. By 2026, Chinese companies are expected to have contracted LNG supplies of more than 100 million tons a year. That could mean a surplus of up to 8 million tons that year, according to consultancy Poten & Partners, or a deficit of 5 million to 6 million tons based on estimates from pricing agency ICIS. Qatar, which will be China's largest supplier for 2026, however, offers traditional LNG contracts that are restricted to a single destination or country. These openings in the market and a more liberalised domestic gas market have also prompted smaller Chinese gas distributors and importers to expand into the trading space.

Persons: Dado Ruvic, Toby Copson, Copson, it's, Zhang Yaoyu, Zhang, Jason Feer, Feer, Chen Aizhu, Emily Chow, Marwa Rashad, Yuka Obayashi, Tom Hogue Organizations: REUTERS, 2026 Companies, Shell, BP, International Energy Agency, Offshore Oil Corp, China Gas Holdings, HK, Qatar, Trident LNG, Sinochem, PetroChina International, Poten, Partners, Rystad Energy, Reuters Graphics Reuters, Reuters, PCI, U.S, Beijing Gas, Zhejiang Energy, JOVO Energy, Thomson Locations: Qatar, US, Europe, Asia SINGAPORE, London, Singapore, U.S, Oman, Canada, Mozambique, Shanghai, China, Japan, Beijing, Central Asia, Russia, Southeast Asia, South Korea, Ukraine, ENN, Tokyo

☆ Gold rebounds from 5-month lows as U.S. dollar, yields retreat
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: +2 min

Gold edged up from 5-month lows on Friday as the U.S. dollar and bond yields slightly retreated from highs, but bullion was set for its fourth consecutive weekly decline on concerns the Federal Reserve would keep interest rates higher for longer. Spot gold gained 0.2% to $1,892.02 per ounce by 0358 GMT, after touching its lowest since mid-March on Thursday. "The U.S. dollar has eased from recent highs and this has allowed gold to make a modest move higher. "The dollar will need to take a bearish turn at some point for gold to rediscover its mojo. Just how long gold will spend trading at sub $1,900 levels will depend on how long the dollar remains bolstered by high bond yields," Waterer added.

Persons: Tim Waterer, Waterer, Jerome Powell Organizations: U.S ., Federal Reserve, U.S, Treasury, Investors, SPDR, Trust, Metals, ANZ Locations: Moscow, Russia, Jackson Hole , Wyoming

☆ Moscow court arrests U.S. national for 'espionage' -Russian news agencies
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023. REUTERS/Stringer/File Photo Acquire Licensing RightsAug 17 (Reuters) - A Moscow court has arrested an already imprisoned Russia-born U.S. citizen on charges of espionage, Russian news agencies reported on Thursday. Russian news agencies did not report any details of the new charges, but said the court session was held behind closed doors as the case materials were classified. Speaking on CNN, White House spokesperson John Kirby said the administration was still collecting information about the case and had no comment yet. Reporting by Maxim Rodionov, Kanishka Singh and Lidia Kelly; Editing by Chris Reese, Daniel Wallis and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Stringer, Gene Spector, Arkady Dvorkovich, Spector, John Kirby, Maxim Rodionov, Kanishka Singh, Lidia Kelly, Chris Reese, Daniel Wallis, Raju Gopalakrishnan Organizations: Kremlin Senate, REUTERS, TASS, Medpolymerprom, CNN, White, State Department, Thomson Locations: Russian, Kremlin, Moscow, Russia, Russia's St, Petersburg, United States

Search resuls for: "M Group"

25 mentions found