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☆ Major shipping routes are struggling with water shortages. El Niño could make it worse
▼ + stars: | 2023-08-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

A ship navigates the Panama Canal in the area of the Americas' Bridge in Panama City on June 12, 2023. Luis Acosta | Afp | Getty ImagesAn increasing number of climate-driven extreme weather events is taking its toll on the world's major shipping routes — and El Niño could make matters worse. In drought-stricken Panama, low water levels have prompted the Central American country to reduce the number of vessels that pass through the critically important Panama Canal. The Panama Canal Authority, which manages the waterway, said earlier this month that the measures were necessary because of "unprecedented challenges." "Right now, we do not see that filling up of the water levels that a normal year would bring around.

Persons: Luis Acosta, El Niño, El, Peter Sands, Sands, Lars Ostergaard Nielsen, Moller, Balint Porneczi, Nielsen Organizations: Afp, Getty, Central, Atlantic, Panama Canal Authority, CNBC, Analysts, Planet Labs PBC, El, Maersk, Bloomberg, Palatinate . Locations: Panama, Panama City, Central American, Suez, Europe, Asia, Pacific, Germany, Rotterdam, Bacharach, Rhineland, Palatinate, Frankfurt

☆ 'This is going to get worse before it gets better': Panama Canal pileup due to drought reaches 154 vessels
▼ + stars: | 2023-08-09 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A ship navigates through the Panama Canal in the area near the Americas' Bridge in Panama City on April 24, 2023. The Panama Canal is a critical trade link for U.S. shippers heading to Gulf and East Coast ports. The U.S. is the largest user of the Panama Canal, with total U.S. commodity export and import containers representing about 73% of Panama Canal traffic. The massive pileup is a result of water conservation measures the Panama Canal Authority deployed in late July due to drought. West Coast ports saw a decrease of 38.3% in July trade, and top East and Gulf Coast ports processed an increase of 46.4%.

Persons: Luis Acosta, Max, Adil Ashiq, Ricaurte Vásquez Morales, Ashiq, Descartes, Stephen Lamar Organizations: Afp, Getty, Panama Canal Authority, Labs, Planet Labs, PCA, Port, MarineTraffic, American Apparel & Footwear Association Locations: Panama, Americas, Panama City, Gulf, East Coast, U.S, Pacific, Port of Balboa, Port of Savannah, North America, Gatun, Coast, West Coast

CNN —Beaches in the southern Ukrainian region of Odesa have been closed off after filthy waters from a collapsed dam washed downstream, posing a “genuine threat” to local residents, authorities say. Homes are seen underwater in a flooded neighborhood in Kherson, Ukraine, Wednesday, June 7, 2023. Celestino Arce/NurPhoto/Reuters A neighborhood of Kherson, Ukraine, remains flooded Saturday, June 10, following the collapse of the Nova Kakhovka dam days earlier. Celestino Arce/NurPhoto/Getty Images Ukrainian servicemen use boats to evacuate people in a flooded neighborhood of Kherson on June 8. Alex Babenko/Getty Images Houses in a flooded Kherson neighborhood on June 7.

Persons: Felipe Dana, Andrey Alekseenko, Celestino Arce, NurPhoto, Evgeniy, Hanna, Oleksandr Klymenko, Vladyslav Musiienko, Alex Babenko, Angelina Kopayeva, Muhammed Enes Yildirim, Tetiana, Ivan Antypenko, Alexey Konovalov, Musiienko, Nina Lyashonok, Oleksandra, Alina Smutko Organizations: CNN, Authorities, Kyiv, Ukraine’s Ministry, Internal Affairs, Telegram, Local, AP, Reuters Volunteers, Reuters, Getty, Anadolu Agency, Planet Labs PBC, Reuters Red Cross, AP Local, Culture, Reuters Local Locations: Ukrainian, Odesa, Russia, Dnipro, –, ”, Dnistrovskyi, Kherson, Ukraine, Crimea, Russian, Nova, Mykolaiv, Kherson . Roman, Vladyslav, Nova Kakhovka, Libkos

☆ Nova Kakhovka dam collapse: Russians shooting at rescuers in flooded areas, Zelensky says
▼ + stars: | 2023-06-08 | by ( Olga Voitovych Yulia Kesaieva Fred Pleitgen Radina Gigova Sarah Dean Helen Regan | Olga Voitovych | Yulia Kesaieva | ) edition.cnn.com time to read: +9 min

CNN —Russian forces have been shooting at Ukrainian rescuers trying to reach flooded areas in the Kherson region that are under Russian control, Ukrainian President Volodymyr Zelensky said Wednesday. Ukrainian Prime Minister Denys Shmyhal claimed occupying Russian forces have offered “no help” to residents in flooded areas. Vladyslav Musiienko/Reuters Flooded streets are seen in Kherson on June 7 following the collapse of the Nova Kakhovka dam. Rescuers evacuate a local resident from a flooded area after the Nova Kakhovka dam breached in Kherson, Ukraine, on June 7. Conditions for residents in flooded areas are dire, with “hundreds of thousands of people left without normal access to drinking water,” Zelensky said.

Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, won’t, ”, Roman Skabdrakov, Denys Shmyhal, “, Evgeniy, Angelina Kopayeva, Alex Babenko, Vladyslav Musiienko, Muhammed Enes Yildirim, Tetiana, Ivan Antypenko, Alexey Konovalov, Felipe Dana, Musiienko, Nina Lyashonok, Oleksandra, Alina Smutko, Shmyhal, Oleksandr Prokudin, Ihor, Selena Kozakijevic, Kozakijevic Organizations: CNN, Russian, Rescuers, “, Kaiman Volunteer, Military, Ukrainian, AP, Anadolu Agency, Planet Labs PBC, Reuters Red Cross, AP Local, Culture, Reuters, Reuters Local, United Nations, Humanitarian Affairs, UN, Ukraine’s Ministry, Internal Affairs, Internal, CARE Locations: Kherson, Ukrainian, Russian, Nova Kakhovka, Dnipro, Kherson region, Moscow, Russia, Oleshky, Kherson “, Ukraine, Nova, Kherson . Roman, Vladyslav, Libkos, Zelensky, UN

☆ Nova Kakhovka: Ukraine dam collapse serves neither side well as war enters next crucial phase
▼ + stars: | 2023-06-08 | by ( Sam Kiley | ) edition.cnn.com time to read: +10 min

They were to blow up the Zaporizhzhia hydroelectric dam that bisected the eponymous industrial city, which stands 200 kilometers (125 miles) upriver from today’s Nova Kakhovka barricade). Local residents stand on the Dnipro embankment after the Nova Kakhovka dam breach on June 6. Rescue workers evacuate an elderly woman and her husband from a flooded neighborhood in Kherson, Ukraine, on Wednesday, June 7. Vladyslav Musiienko/Reuters Flooded streets are seen in Kherson on June 7 following the collapse of the Nova Kakhovka dam. Alina Smutko/Reuters In pictures: The collapse of Ukraine's Nova Kakhovka dam Prev NextUkraine’s armed forces have insisted that their counter-offensive included contingency planning for a disaster at the dam.

Persons: Ukraine CNN — Fish, ecocide ”, unawares, Ivan Antypenko, Volodymyr Zelensky, Zelensky, General’s, ”, Ukraine’s, It’s, who’ve, Vladimir Putin, Andrei Pidlisnyi, –, Evgeniy, Angelina Kopayeva, Alex Babenko, Vladyslav Musiienko, Muhammed Enes Yildirim, Tetiana, Alexey Konovalov, Felipe Dana, Musiienko, Nina Lyashonok, Oleksandra, Alina Smutko Organizations: Ukraine CNN —, Nazi, NKVD, Reuters, International, Criminal, Kherson City, Ukrainian, CNN, AP, Anadolu Agency, Planet Labs PBC, Reuters Red Cross, AP Local, Culture, Reuters Local Locations: Kyiv, Ukraine, Nova, Dnipro, Russia, Moscow, Russian, today’s, Reuters Ukrainian, Kherson, Zaporizhzhia, Donetsk City, Kharkiv, Kherson . Roman, Vladyslav, Nova Kakhovka, Libkos, Crimean, Crimea, Russia’s

Extensive flooding inundated villages and swept away structures after a dam was destroyed in southern Ukraine on Tuesday, according to local officials and imagery of the aftermath. In the town of Antonivka, about 40 miles downriver from the Kakhovka dam, residents looked on in horror at the roiling coffee-colored floodwaters released by its destruction. About 4,000 residents remained there before the flooding on Tuesday, out of a prewar population of about 13,000. Ukraine and Russia blamed each other for the attack on the dam, which is in Russian-held territory. In Nova Kakhovka, the city immediately next to the destroyed dam, the City hall and the Palace of Culture were inundated.

Organizations: Planet Labs PBC, Institute, American, Google, UKRAINE, RUSSIA, BY, BY UKRAINE Dnipro, Local, Kakhovka, Reuters, International Atomic Energy Agency Locations: Ukraine, UKRAINE UKRAINE, Dachi Kherson, Kherson, RUSSIA Stara Zbur’ivka, UKRAINE, RUSSIA, Kardashynka Kherson, Black, Russian, Dnipro, Antonivka, BY UKRAINE, Oleshky, Salt Lake, Utah, Russia, City, Culture

Kherson, Ukraine CNN —Nadejda Chernishova breathes a sigh of relief as she steps off a rubber dinghy, moments after being rescued from her flooded home in Kherson. Nadejda Chernishova, 65, said water levels rose too fast for her to leave her home on her own. Planet Labs PBC/ReutersIn a frontline city like Kherson — where the shelling is constant — the rising water brings an added danger. The large presence of soldiers and first responders contrasts with the very few number of Kherson residents out on the streets. Both sides have been severely impacted by the collapse — even more so on the Russian side — leaving the terrain in very difficult condition.

Persons: Ukraine CNN —, Chernishova, “ I’m, ”, ” Chernishova, Nadejda Chernishova, I'm, Vasco Cotovio, Oleksandr Prokudin, Prokudin, Nova Kakhovka, ” Prokudin, “, haven’t, ” Produkin, – Organizations: Ukraine CNN, CNN, Planet Labs PBC, Reuters, Artillery, ” Locations: Kherson, Ukraine, “, Dnipro, Russian, ”, Karobel, Nova, Kyiv, Moscow, Kherson —, Russia, ” Kyiv

☆ Bombing of herders highlights deadly air attacks by Nigerian military
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +19 min

The letter said the Nigerian Air Force is committed to human rights and “further deliberations” on the issue, according to the report. “The absence of details raises the question of whether the air force carried out the air strike based on mere suspicion,” Human Rights Watch said. The U.S. State Department and the Pentagon had no immediate comment about the airstrike or the U.S. relationship with the Nigerian Air Force. Before now, neither the Nigerian government nor the military had provided any public explanation for what happened on Jan. 24. ACLED data show Nigerian Air Force strikes continued to claim the lives of noncombatants, inside and outside the northeast.

Persons: Ibrahim Muazu, “, ACLED, D.D, Pwajok, ”, Sara Jacobs, herdsmen, Oladayo Amao, Amao, “ miscreants, Muhammadu Buhari, Bola Tinubu, Jan, Muazu, Lamido, Nigeria’s, Sanusi, Buhari, Rand Paul, Cory Booker, Rex Tillerson, Lai Mohammed, Jacobs, Jim Risch, Chris Smith, Antony Blinken, Biden, Risch, brazenly “, ” Abubakar Bello Rukubi, ” “, Yemi Osinbajo, cc’d, Samuel Ortom, herder, ” Muazu, Humeyra Pamuk, Daphne Psaledakis, Idrees Ali, Jarrett Renshaw, David Lewis, Reade Levinson, Simon Newman, Catherine Tai Design, Eve Watling, Julie Marquis, Alexandra Zavis Organizations: herder, Reuters, Air Force, Nigerian Air Force, Human Rights Watch, Air, Rights Watch, Ministry of Defence, Nigerian Air, House Foreign Affairs, ” Reuters, ACLED, Planet Labs PBC, U.S . State Department, Pentagon, ”, Muazu, Congress, San Frontieres, Republican, Punch, UK, Nigeria –, Systems, U.S, Super, International, Development, Rights Initiative, Benue State Livestock Guards, Human Rights, Daily Trust, Nigeria’s Locations: Nigerian, Nasarawa, Akwanaja, United States, U.S, Nigeria, California, Kano, Rann, Cameroonian, Zamfara, “, Benue, ” Benue, London, Makurdi, Naka, Washington, Philadelphia

☆ Cramer's lightning round: Manulife is not a buy
▼ + stars: | 2022-11-01 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Tellurian Inc : "I am still in the buy, buy, buy. Planet Labs PBC : "It's a really interesting concept. That's a concept." Loading chart...Manulife Financial Corp : "I don't like to recommend stocks where there's nothing special." Loading chart...Perion Network Ltd : "I'm going to give it my blessing."

☆ Planet Labs Finance Chief Says SPAC IPO Was Key to Recent Growth
▼ + stars: | 2021-12-08 | by ( Mark Maurer | Micah Maidenberg | ) www.wsj.com time to read: +7 min

Ashley Johnson, chief financial officer for Planet Labs PBC, said the satellite-imaging company made the right call to go public by combining with a special-purpose acquisition company—better known as a SPAC. Ashley Johnson, chief financial and operating officer at Planet Labs PBC. Shares of Planet Labs closed at $11.35 on Dec. 8, 2021, the day after the company said it completed its SPAC merger, according to FactSet. WSJ’s CFO Journal talked to Ms. Johnson about Planet Labs’ past year as a public company, investing and finding efficiencies as the economy slows. It’s unfortunate that a lot of companies that shouldn’t have gone public did go public using that vehicle.

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