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☆ Australia Oct inflation slows more than expected as goods prices fall
▼ + stars: | 2023-11-29 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

For the month, CPI fell 0.3%, driven by declines in petrol, rent and holiday travel. A closely watched measure of core inflation, the trimmed mean, rose an annual 5.3% in October, easing from 5.4% the previous month. "It's hard to find bad news in Australia's October inflation print," said Harry Murphy Cruise, an economist at Moody’s Analytics. Prices for tradable goods fell 1.6% in October from a month earlier. It also left the door open to further tightening if necessary to meet its annual inflation target of 2-3%.

Persons: Daniel Munoz, Harry Murphy Cruise, Jonathan Kearns, Wayne Cole, Stella Qiu, Lincoln, Sam Holmes Organizations: REUTERS, Rights, U.S ., Australian Bureau, Statistics, Moody’s, Reserve Bank Board, Reserve Bank of Australia, Challenger, Thomson Locations: Australia

Suryana has spent more than three decades living in the shadow of the power plant in northern Java, just 60 miles from Jakarta, Indonesia’s most populous city. Emissions from burning coal, which is highly polluting but relatively cheap, contribute up to a third of Indonesia’s air pollution according to Siti Nurbaya, Indonesia’s Environmental and Forestry Minster. The Indonesian government has called on residents to use public transportation and has given regulation and financial incentives to residents who want to shift from using gas or diesel-fueled vehicles to electric vehicles. The government is pushing to have more than 530,000 electric vehicles on the road in Indonesia by 2030. Because industry is contributing 30% to 40% of the air pollution in Jakarta, in addition to emissions from transportation,” Syuhada said.

Persons: Suryana, “ We’ve, ”, Ginanjar Syuhada, —, Siti Nurzanah, ” Nurzanah, Syuhada, “, Siti Nurbaya, Budi Karya, ” Syuhada Organizations: —, United Nations, Associated Press, World Health Organization, Air, Vital, Indonesia’s Ministry of Health, WHO, Jakarta Health Agency, Jakarta's Persahabatan, Persahabatan Hospital, Forestry, Transportation Locations: JAKARTA, Indonesia, Java, Jakarta, Indonesia’s, United, Dubai, Swiss, Indonesian, New York

Here's what you need to know:WHAT ARE CARBON OFFSETS? Supporters of carbon offsets see them as key means to help meet these goals. At the COP26 climate summit in Glasgow, negotiators reached a breakthrough agreement to regulate trading of carbon credits, in schemes first envisioned in Article 6 of the 2015 Paris Agreement. Separate from the offsets trading envisioned under the Paris Agreement, there are two existing types of carbon markets – compliance and voluntary. It is not yet clear how various existing carbon markets might play into the U.N.-run trading scheme, which also would depend on national laws.

Persons: Chris Pryor, Elizabeth Frantz, WHAT'S, Marco Berg, Gilles Dufrasne, IETA, Jake Spring, Kate Abnett, Susanna Twidale, Katy Daigle, Josie Kao Organizations: New England Forestry Foundation, REUTERS, KliK Foundation, BE, Carbon Market Watch, Compliance, European Union, London Stock Exchange Group, Thomson Locations: New, Hersey, New Hampton , New Hampshire, U.S, Glasgow, Paris, U.S ., California

☆ The cost of climate policies: Hard-pressed consumers are pushing back
▼ + stars: | 2023-11-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

In a 2022 Pew survey covering 19 countries in North America, Europe and the Asia-Pacific region, climate change was named the top global threat. Aira UK“There is no trade-off between (installing a heat pump), saving the planet and at the same time saving the pockets of consumers,” CEO Martin Lewerth told CNN. “If you’re living outside Scandinavia and you want a heat pump, it’s not a hassle-free experience,” Lewerth acknowledged. “There is no scenario in which delay is the cheaper option with climate change,” said Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the LSE. “If we’d invested more in renewable energy… energy bills wouldn’t have gone up so much, which disproportionately impacted on poor households,” Valero at the LSE told CNN.

Persons: ”, ” Brett Meyer, Tone, Tony Blair, ” Langengen, Meyer, Anna Valero, Keith Mayhew, Oliver Blume, doesn’t, Rishi Sunak, Kelley, Martin Lewerth, Sunak, ” Lewerth, “, Bob Ward, we’d, ” Valero, Tim Jackson Organizations: London CNN, Times Radio, Tony, Tony Blair Institute for Global, Pew, London School of Economics, Political Science, CNN, HSBC, carmakers, Volkswagen, Grantham Research, LSE, ”, Swiss, Confederation of British Industry, Centre, Prosperity, University of Surrey Locations: London, Europe, North America, Asia, Pacific, Greece, United Kingdom, United States, Germany, “, Norway, Sweden, Aira, Essex, Swedish, Britain, Scandinavia, Grantham, Ukraine

☆ Gunmen Kill One, Kidnap at Least 150 in Nigeria's Northwest, Residents Say
▼ + stars: | 2023-11-25 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Hamza Ibrahim and Ahmed KingimiKANO, Nigeria (Reuters) - At least 150 people, including women and children, were abducted with one person killed in a coordinated attack by gunmen on four villages in Nigeria's northwest Zamfara state, residents said on Saturday. The Zamfara police spokesperson did not immediately respond to Reuters' request for comment on the attack, which took place late on Friday. Residents told Reuters that gunmen on dozens of motorcycles stormed the villages of Mutunji, Kwanar-Dutse, Sabon-Garin Mahuta and Unguwar Kawo in the Maru local government area of the state. Dankandai Musa, a resident of one of the villages, told Reuters he managed to slip away unnoticed during the chaos. "I managed to escape after they were regrouping us and the people from the three other villages that were attacked," he said.

Persons: Hamza Ibrahim, Ahmed Kingimi KANO, Garin Mahuta, Dankandai Musa, Lawali Damana, Bola Tinubu, Elisha Bala, Mark Potter Organizations: Reuters, Residents Locations: Nigeria, Nigeria's, Zamfara, Mutunji, Sabon

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsCOLOMBO, Nov 25 (Reuters) - Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation's energy minister said on Saturday. Sri Lanka, trying to recover from its worst economic crisis in more than 70 years, is hungry for new investment and local fuel supplies. The investment will add to Sinopec's recently started fuel retailing business, the third international company with a foothold in Sri Lanka, with a license to operates 150 petrol stations. Sinopec's fuel oil division, which runs the retail business there, began in 2019 supplying marine bunker fuel at Hambantota, another Sinopec official said. Sri Lanka's refinery at Sapugaskanda, commissioned in 1969, can process 38,000 barrels of oil a day.

Persons: Chris Helgren, Kanchana Wijesekera, Wijesekera, Vitol, Uditha Jayasinghe, Chen Aizhu, Krishn Kaushik, William Mallard Organizations: China Petroleum & Chemical Corporation, REUTERS, Rights, and Energy, Reuters, Sri, China Merchant Port Holdings, Initiative, China Merchants, Thomson Locations: Vancouver , British Columbia, Canada, Sri Lanka, China's, Saudi Arabia, Russia, China, Colombo, Sinopec, Hambantota, Europe, Asia, Lanka's, Sapugaskanda

☆ Nissan invests $1.4 bln to build two new EV models in Britain
▼ + stars: | 2023-11-24 | by ( Nick Carey | ) www.reuters.com time to read: +3 min

Nissan has made its electric Leaf model in Sunderland for years and will continue to do so, with batteries supplied by a small plant at the site. It announced a $1.4 billion investment in 2021 to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Nissan did not comment on the value of any subsidies or guarantees being provided by Britain. [1/4]Britain's Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt attach a Nissan badge to a car as they visit the car manufacturer, Nissan, in Sunderland, Britain, November 24, 2023. But Sunak, who became prime minister a year ago, is having some success turning that around.

Persons: Rishi, Sunak, Nissan's, Alan Johnson, Rishi Sunak, Jeremy Hunt, Chancellor, Makoto Uchida, Brexit, Nick Carey, Sarah Young, Paul Sandle, Sonali Paul, Mark Potter Organizations: Nissan, Investment Summit, Britain, BBC, Britain's, India's Tata Motors, Rover, Thomson Locations: Sunderland, England, Britain, Europe, EVs

☆ Nissan leads $2.5 billion investment to build two more EVs in UK
▼ + stars: | 2023-11-24 | by ( ) edition.cnn.com time to read: +3 min

London — Nissan will pump 1.12 billion pounds ($1.4 billion) into its British plant to build electric versions of two models, offering a boost to the country’s auto industry and a UK prime minister desperate to attract foreign investment. In 2021, the company announced a $1.4 billion investment to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Its 2021 battery investment was a show of confidence when other foreign investors were avoiding the UK after Brexit led to years of uncertainty around the country’s trading relationships. The Nissan deal comes just months after India’s Tata Motors said it would invest £4 billion ($5 billion) in a UK electric vehicle battery plant to supply its Jaguar Land Rover factories. The automaker’s latest UK investment comes despite Sunak’s decision in September to delay by five years a ban on sales of new petrol cars.

Persons: Rishi, ” Sunak, ” Nissan’s, Alan Johnson, ”, Makoto Uchida, Brexit, Sunak, India’s Tata Organizations: London, Nissan, Investment, BBC, India’s, India’s Tata Motors, Rover, Industry, Tata Locations: Sunderland, England, Britain, Europe

☆ Nigeria and Germany sign $500 mln renewable energy and gas deal
▼ + stars: | 2023-11-21 | by ( Felix Onuah | ) www.reuters.com time to read: +3 min

Union Bank of Nigeria and Germany's DWS Group signed a memorandum of understanding (MoU) on renewable energy. The agreement seeks to harness $500 million in investment in renewable energy projects across Nigeria, mostly in rural communities, spokesperson Ajuri Ngelale said in a statement. A second MoU on gas export partnership was agreed between Riverside LNG of Nigeria and Germany's Johannes Schuetze Energy Import AG. Under the accord, Nigeria will supply 850,000 tons of natural gas to Germany annually which is expected to rise to 1.2 million. Under Tinubu, Nigeria has embarked on the boldest reforms in decades, scrapping a popular petrol subsidy and lifting restrictions on foreign exchange trading.

Persons: Olaf Scholz, Bola Tinubu, Fabrizio Bensch, Ajuri Ngelale, Germany's Johannes, Ngelale, Tinubu, Elisha Bala, David Evans Organizations: REUTERS, Rights, Union Bank of Nigeria, Germany's DWS, Riverside, Germany's Johannes Schuetze Energy, AG, Africa, Thomson Locations: Africa, Berlin, Germany, Rights ABUJA, Nigeria, Riverside LNG, Tinubu

[1/5] Bohdan Yermokhin, a Ukrainian teenager who was taken to Russia from the occupied city of Mariupol, shakes hands after arriving in Ukraine from Belarus at the border crossing in Kortelisy, amid Russia’s ongoing attack on Ukraine, November 19, 2023. REUTERS/Thomas Peter Acquire Licensing RightsKORTELISY, Ukraine, Nov 19 (Reuters) - A Ukrainian teenager who was taken to Russia from the occupied city of Mariupol during the war and prevented from leaving the country earlier this year returned to Ukraine on Sunday. In March, he tried to leave Russia for Ukraine via Belarus, but was stopped and sent back. "I believed I would be in Ukraine, but not on this day," Yermokhin told Reuters while eating at a petrol station after crossing into Ukraine. Asked if he was glad to be back in Ukraine, Yermokhin said "yes."

Persons: Bohdan Yermokhin, Thomas Peter Acquire, Volodymyr Zelenskiy, Yermokhin, Zelenskiy, Yermokhin's, Bohdan, he's, Andriy Yermak, Mariam Lambert, Kateryna Bobrovska, Russia's, Maria Lvova, Belova, Vladimir Putin, Pavel Polityuk, Tom Balmforth, Jane Merriman, Ron Popeski, Bill Berkrot, Chris Reese Organizations: REUTERS, Sunday, Children's Fund, UNICEF, Russia, FOSTER CARE, Foundation, Reuters, Criminal Court, ICC, Kremlin, Thomson Locations: Ukrainian, Russia, Mariupol, Ukraine, Belarus, Kortelisy, Qatar, MOSCOW, Moscow, Dutch, Minsk, Belarusian, The Hague

☆ Eagle-eyed buyer made over $120,000 after discovering old Range Rover probably belonged to Queen Elizabeth II
▼ + stars: | 2023-11-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

A Range Rover was sold for $165,000 after evidence emerged that it probably belonged to Queen Elizabeth II. AdvertisementA 2004 Range Rover with suspected ties to Her Majesty Queen Elizabeth II has shattered auction records, selling for $165,000. The auction's outcome was more than double the pre-sale estimate of £60,000, or $75,000 — 10 times the usual price for a second-hand Range Rover that old. AdvertisementBefore the video's discovery, the only original ownership information was a letter from Jaguar Land Rover, which builds the Ranger Rover, identifying warranty recalls in July 2004 at a Land Rover dealer in London's high-end Mayfair district and one in Aberdeen, Scotland. Prince Philip, Duke of Edinburgh, spent 16 years designing his own hearse: a modified Land Rover.

Persons: Queen Elizabeth II, Historics Auctioneers, —, HRH Prince Phillip, The Duke, Edinburgh, Tim Graham, Historics, Historics Auctioneers Rob Hubbard, Duke, Prince Philip , Duke of Edinburgh Organizations: Service, Rover, Jaguar, Land Rover, Scottish Highlands, Windsor Horse, Royal Windsor Horse, Getty, Vehicle, Epsom, Rovers Locations: Birmingham, Mayfair, Aberdeen, Scotland, Balmoral, Scottish, Windsor , England, Epsom Green, Windsor

☆ Environmental groups urge funding halt for TotalEnergies' Mozambique project
▼ + stars: | 2023-11-17 | by ( Wendell Roelf | ) www.reuters.com time to read: +3 min

TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. The letter, seen by Reuters, comes at a crucial juncture for the French energy company as it prepares to relaunch Africa's largest foreign direct investment project. Activists warn the project may worsen climate change and fuel human rights abuses in the impoverished southern African nation. TotalEnergies said before Friday's letter that arrangements for project finance remain in place despite a 'force majeure' halt in 2021 when Islamist militants threatened the project site. The project delay has led some investors to reassess their previous cost assumptions in light of inflation and global gas market swings.

Persons: Eric Gaillard, Banks, TotalEnergies, Ntshengedzeni Maphula, Reta Jo Lewis, Wendell Roelf, Toby Sterling, Nellie Peyton, Forrest Crellin, Mathieu Rosemain, Yuka Obayashi, Tim Cocks, Olivia Kumwenda, Elaine Hardcastle Organizations: REUTERS, Reuters, ActionAid International, Greenpeace, African Development Bank, Societe Generale, Africa's Export Credit Insurance Corporation, Thomson Locations: Nice, France, Mozambique, Greenpeace France, Netherlands, U.S, Exim, Cape Town, Amsterdam, Johannesburg, Paris, Tokyo

☆ BlackRock-backed Jolt launches on-street EV chargers in UK
▼ + stars: | 2023-11-14 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Nacho Doce/File Photo Acquire Licensing RightsLONDON, Nov 14 (Reuters) - Australian charging company Jolt, which has received backing from U.S. fund manager BlackRock (BLK.N), said on Tuesday it is rolling out on-street EV chargers in London as parts of plans to install 5,000 chargers in Britain over the next three to five years. Jolt is rolling out chargers in the London borough of Barnet and CEO Doug McNamee said the company was in talks to do the same in other boroughs. Barnet has received a 2.1 million pound ($2.6 million) government grant for EV charging infrastructure. Its chargers feature advertising, which pays for 7 kilowatt hours of free charging for consumers, or around 30 miles (48.3 km) of EV range. The company currently has around 100 chargers in service, but has a "global pipeline of around 7,500 chargers," McNamee said.

Persons: Nacho, Doug McNamee, McNamee, Jolt, We've, Nick Carey, Bernadette Baum Organizations: REUTERS, BlackRock, Barnet, EV, Canadian, Telus, Thomson Locations: Sao Paulo, Brazil, U.S, London, Britain, Barnet, Australia, New Zealand, Canada, BlackRock

☆ Argentina's presidential rivals clash in key voter battlegrounds
▼ + stars: | 2023-11-13 | by ( Lucinda Elliott | ) www.reuters.com time to read: +5 min

[1/2] Argentina's presidential candidate Sergio Massa addresses supporters as he reacts to the results of the presidential election, in Buenos Aires, Argentina October 22, 2023. Center-left Peronist economy chief Sergio Massa faces libertarian outsider Javier Milei in the Nov. 19 vote, with polls suggesting a likely photo finish. "Both are scary," said Gonzalez, adding that most people she knew were planning to cast their votes for Milei. Massa pulled off a surprise win in the October first round, attracting 9.6 million votes, ahead of Milei on 7.9 million. There were nearly 10 million votes for other candidates, people who voted blank or spoiled ballots.

Persons: Sergio Massa, Martin Cossarini, Javier Milei, Pragmatist Massa, Fatima Gonzalez, Gonzalez, Massa, Joaquin Gonzalez, Milei, Patricia Bullrich, Mauricio Macri, Juan Schiaretti, Maria Elena Bazzano, Argentine Pope Francis, Luiz Inacio, Lula, da Silva, Romina Viola, Alberto Fernandez, Fernandez, Lucinda Elliott, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, Peronist, Milei, Massa, Reuters Graphics, Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Cordoba province, Milei, Cordoba, China, Argentine, Brazilian

☆ UK petrol station group EG to buy Tesla charging units
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

A Tesla electric charging point stands unused in a car park, as Britain will ban the sale of new petrol and diesel cars and vans from 2030, five years earlier than previously planned, in London, Britain, November 18, 2020. REUTERS/Simon Dawson/File Photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - British petrol station operator EG Group will buy Tesla's (TSLA.O) ultra-fast charging units to help roll out its electric vehicle charging network across Europe, it said on Monday. The UK had just over 49,000 public electric vehicle charging devices installed as of Oct. 1, according to government figures. The "open network" Tesla chargers being bought by EG will enable all drivers to access them regardless of the brand of their vehicle, the company added. "The rapid installation of reliable, easy-to-use EV charging infrastructure is the right step towards a sustainable future," Tesla's senior director of Charging Infrastructure, Rebecca Tinucci, said.

Persons: Simon Dawson, Issa, Rebecca Tinucci, Sachin Ravikumar, Kate Holton Organizations: REUTERS, EG, Asda, Charging, Thomson Locations: Britain, London, Europe

[1/2] A Tesla electric vehicle is plugged to a charger in a parking lot in Teia, north of Barcelona, Spain, October 31, 2023. High interest rates and a subdued market are putting customers off, they warned, with Volkswagen's EV order intake half what it was last year. Reuters GraphicsFALLING BEHINDCritics have long warned that a lack of affordable EVs would eventually stall the steep sales growth boosted by early adopters and corporate fleets. A weaker performance in September, consumer sentiment surveys and bleak commentary from carmakers and dealers indicates that low growth era may have arrived. "We call it the valley of death, which we will be going through in 2024 to 2027: low residual values, high supply, and low demand," Nothard added.

Persons: Albert Gea, EVs, Thomas Niedermayer, Flavia Garcia, Tom Carvell, Martina, AutoTrader, Garcia, We'll, Critics, Felipe Munoz, Alistair Bedwell, Langston, Ben DuCharme, Philip Nothard, Nothard, Victoria Waldersee, Nick Carey, Giulio Piovaccari, Paul Lienert, Sumanta Sen, Alexander Smith Organizations: REUTERS, Tesla, Volkswagen, Mercedes, Benz, Reuters Graphics Dealers, Toyota, HK, Reuters Graphics, Ford, GM, United Auto Worker, JATO Dynamics, Langston, Cox Automotive, Thomson Locations: Barcelona, Spain, LONDON, Europe, Germany, Italy, Bavarian, Edinburgh, Scotland, Britain, BYD, Nio, U.S, Rome, Detroit

[1/4] Argentina's presidential candidate Sergio Massa speaks during a press conference a day after the first round of Argentina's presidential election, in Buenos Aires, Argentina October 23, 2023. But they are cautious about making hard predictions on the back of two bruising election surprises. However, pollsters Reuters spoke to said it was a "wide open" race and that either candidate could triumph. Lautaro Díaz, 35, who intends to vote for Milei, said Bullrich's backing had made the "possibility of (Milei) winning more real." Federico Aurelio, head of pollster Aresco, said the race was wide open, with plenty of time for skeptical voters to change their minds.

Persons: Sergio Massa, Cristina Sille, Javier Milei, Milei, pollsters, Vilker, Trespuntozero, Massa, Patricia Bullrich, Analogias, Bullrich, Lautaro Díaz, Matteo Bettini, Federico Aurelio, pollster Aresco, Nicolas Misculin, Horacio Soria, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, pollsters Reuters, Milei, Massa, University of San, Atlas Intel, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Massa, University of San Andres, Peronist

☆ Nigeria gets refineries investment, forex pledge from Saudi Arabia
▼ + stars: | 2023-11-10 | by ( Felix Onuah | ) www.reuters.com time to read: +3 min

REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Nov 10 (Reuters) - Nigeria and Saudi Arabia on Friday agreed to a series of investment and cooperation deals, including a pledge by the Saudi government to invest in the revamp of Nigeria's oil refineries and provide financial support to sustain the government's foreign-exchange reforms. Under Tinubu, Nigeria has embarked on the boldest reforms in decades, scrapping a popular petrol subsidy and unifying the country's multiple exchange rates as part of measures "aimed at improving the ease of doing business." Information Minister Mohammed Idris said the Saudi government pledged to make "a substantial deposit of foreign exchange to boost Nigeria's forex liquidity". "Nigeria and Saudi Arabia have always enjoyed a special relationship at both the bilateral and multilateral levels. The two leaders agreed to work together over the next six months to "develop a comprehensive road map and blueprint" to deliver on the investments, Idris said.

Persons: Bola Tinubu, Temilade, Saudi Crown Prince Mohammed bin Salman, Mohammed Idris, Idris, Tinubu, Ajuri Ngelale, Boko, Felix Onuah, Elisha Bala, Emelia Sithole, Matthew Lewis, David Evans Organizations: REUTERS, Rights, Saudi Crown, Saudi Aramco, Thomson Locations: Abuja, Nigeria, Rights ABUJA, Saudi Arabia, Saudi, Africa, Riyadh, Tinubu, Africa's

REUTERS/Tobias Schlie/File photo Acquire Licensing RightsBERLIN, Nov 7 (Reuters) - Antisemitism has risen in Germany since Hamas's attacks on Israel on Oct. 7, the head of a German anti-discrimination think-tank said, warning that Germans had become too willing to ignore their own past crimes and criticise Israel. Sociologist Beate Kuepper said 5.7% of the population showed antisemitic attitudes, three times the level of two years ago. "In these debates, the role of Israel-related antisemitism was diminished," he said. "They said it was fine to criticise Israel from the country of the Shoah." "In many milieus that see themselves as progressive, anti-Israel positions are almost a matter of good taste," Lelle said.

Persons: Tobias Schlie, Israel, Nikolas Lelle, Antonio Amadeu Foundation's, Beate Kuepper, Adolf Hitler's Nazis, Lelle, David, Felix Klein, Thomas Escritt, Rachel More, Alex Richardson Organizations: Police, REUTERS, Rights, Israel's, Thomson Locations: Berlin, Germany, Israel, German, Turkey, Russia, Gaza, Germany's

☆ Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback
▼ + stars: | 2023-11-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

British oil giant Shell on Thursday reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins. Profit was higher than the $5.1 billion of the second quarter, but marked a sharp decline from the $9.45 billion reported a year ago, when the Russia-Ukraine conflict bolstered oil and gas prices. The company also announced a $3.5 billion share buyback to be carried out over the next three months. Free cash flow fell from $12.1 billion in the second quarter to $7.5 billion. BP on Tuesday posted a year-on-year fall in third-quarter profit from $8.15 billion to $3.293 billion, below analyst estimates, though France's TotalEnergies slightly outperformed last week.

Persons: Wael Sawan, Shell, Sawan, France's Organizations: Shell, Energy, BP, International Energy Agency Locations: Alhambra , California, British, Russia, Ukraine, Saudi

An Israel Defense Forces (IDF) statement said the strike by fighter jets on Jabalia, Gaza's largest refugee camp, had killed Ibrahim Biari. Dozens of Hamas combatants were in the same underground tunnel complex as Biari and were also killed when it collapsed in the attack, Conricus said. Palestinian health officials said at least 50 Palestinians were killed in the refugee camp and 150 wounded. Hamas spokesperson Hazem Qassem denied any senior commander was there and called the claim an Israeli pretext for killing civilians. He has vowed to press ahead with plans to annihilate Hamas after several inconclusive wars dating back to the militant group's 2007 takeover of Gaza.

Persons: Blinken, Ibrahim Biari, Jonathan Conricus, Conricus, Hazem Qassem, Ashraf Al, we've, Dr, Mohammed al, Abu Ubaida, Matthew Miller, Antony Blinken, Benjamin Netanyahu, Nidal al, Emily Rose, Grant McCool, Stephen Coates Organizations: Israel, Israel Defense Forces, Reuters, Indonesian, Capitol, International, U.S . State Department, Thomson Locations: Gaza, US, GAZA, JERUSALEM, Palestinian, Gaza's, Israel, Jabalia, Shifa, Washington, Iran, Hague, United States, U.S, Qatar, Egypt

Dozens of Hamas combatants were in the same underground tunnel complex as Biari and were also killed when it collapsed in the attack, an IDF spokesperson said. That is the war (for) the future of Israel - nothing less," Israeli Defence Minister Yoav Gallant told reporters on Wednesday. Hamas spokesperson Hazem Qassem denied any senior commander was in the camp, and called the claim an Israeli pretext for killing civilians. Israel repeatedly warned Gaza residents to evacuate northern areas and while many have gone south, many have stayed. [1/12]Palestinians search for casualties at the site of Israeli strikes on houses in Jabalia refugee camp in the northern Gaza Strip, October 31, 2023.

Persons: Israel, Ibrahim Biari, Yoav Gallant, Hazem Qassem, Mahmoud Al, Saadi, Fadi, Ashraf Al, Abu Ubaida, Matthew Miller, Antony Blinken, Blinken, Benjamin Netanyahu, Nidal al, Emily Rose, Grant McCool, Stephen Coates, Miral Fahmy Organizations: West Bank Israel, Israel's Army Radio, Israel Defense Forces, IDF, Israeli, Paltel, West Bank, REUTERS, Capitol, Al, Indonesian, Reuters, International, U.S . State Department, Israel, Thomson Locations: Gaza, US, GAZA, JERUSALEM, Israel, Iran, Gaza's, Jabalia, GAZA In Washington, Al Shifa, Hague, United States, U.S, Qatar, Egypt, Lincoln

On Tuesday an Israeli strike at the Jabalia refugee camp in north Gaza killed dozens of people according to hospital authorities, leaving a moonscape of craters. In Khan Younis, Farida Abu Azzam was taking her husband to hospital for his cancer treatment. In a shelter for displaced people in a U.N. school in Khan Younis, Salwa Najar stood by her son Majed's bedside, wiping his face. A cousin had taken them to Hilal Hospital in Khan Younis, the biggest city in the southern part of the tiny enclave. "Gaza hospitals are crowded with injured people who are filling the hospital beds," she said.

Persons: Mohammed Al, Masri, Nasr, Khan Younis, Israel, Farida Abu Azzam, Akram al, Qara, Salwa Najar, Majed's, Najar, puffy, Nahed Abu Taeema, Nidal al, Angus McDowall, Philippa Fletcher Organizations: REUTERS, Reuters, Turkish Friendship, Hospital, Nasser Hospital, Thomson Locations: Gaza, Israel, Hamas, Khan, Egypt, Khan Younis

December Brent crude futures , set to expire on Tuesday, rose 36 cents, or 0.41%, to stand at $87.81 a barrel by 0305 GMT. "If this evolves into a full-scale invasion and there is involvement from Iran, tighter supply worries could resurface." In a note, ING analysts said, "Disruptions to Iranian oil flows remain the most obvious risk to the market." Such lost supply could range between 500,000 barrels per day (bpd) and 1 million bpd if the United States strictly enforces sanctions once again, they added, although Middle East developments had yet to affect oil supply. Weaker-than-expected manufacturing and non-manufacturing activity data from China stoked fears of slowing fuel demand from the world's No.

Persons: Eric Gaillard, Brent, Leon Li, China stoked, CME's, Laura Sanicola, Trixie Yap, Clarence Fernandez Organizations: REUTERS, . West Texas, Federal Reserve, Markets, ING, U.S, Thomson Locations: Nice, France, China, Wednesday's U.S, Gaza, Iran, Shanghai, Israel, United States, Venezuela, riven

☆ Israeli Military Jets Strike Gaza Camp, Says Hamas Commander Killed
▼ + stars: | 2023-10-31 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +5 min

Persons: Nidal, Emily Rose, Ibrahim Biari, Jonathan Conricus, Conricus, Hazem Qassem, Ashraf Al, we've, Dr, Mohammed al, Abu Ubaida, Matthew Miller, Antony Blinken, Benjamin Netanyahu, Nidal al, Grant McCool, Stephen Coates Organizations: Israel Defense Forces, Reuters, Indonesian, Capitol, International, U.S . State Department, Israel Locations: Emily Rose GAZA, JERUSALEM, Gaza, Palestinian, Gaza's, Israel, Jabalia, GAZA, Shifa, Washington, Iran, Hague, United States, U.S, Qatar, Egypt

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