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☆ Chinese carmakers target more European sales with five-star EVs
▼ + stars: | 2022-11-21 | by ( Nick Carey | ) www.reuters.com time to read: +7 min

"All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng (9868.HK). Perhaps more importantly for sales, high safety ratings also open up the potentially huge corporate car fleet market for Chinese EV makers. European carmakers are also pursuing five-star ratings for their EVs and hybrids, from BMW's (BMWG.DE) iX to Volkswagen's (VOWG_p.DE) ID.4 and ID.5. But almost half the Chinese cars sold were EVs, according to Inovev, giving them a 5.8% share of Europe's fully-electric vehicle market. Inovev vice-president Jamel Taganza said all Chinese cars sold in Europe would be EVs within a few years, with more lower-cost models on the way.

☆ The big new Exxon Mobil climate change deal that got an assist from Joe Biden
▼ + stars: | 2022-11-19 | by ( Tim Mullaney | ) www.cnbc.com time to read: +7 min

The law may help oil companies like ExxonMobil build profitable businesses to replace some of the revenue and profit they'll lose as EVs proliferate. Maybe, if carbon capture and storage is indeed as big a deal as ExxonMobil's first-of-its-kind deal to extract, transport and store carbon from other companies' factories implies. Could it be that Big Oil's next big thing got a big assist from Joe Biden? An industrial facility on the Houston Ship Channel where Exxon Mobil is proposing a carbon capture and sequestration network. And big oil and gas companies are where the expertise is."

☆ Dead Costco chickens produce piles of bones outside a Nebraska town. Residents complain about 'smell of death'
▼ + stars: | 2022-11-19 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +4 min

Some Nebraska residents are complaining about discarded chicken parts from Costco's operations. Residents said the smell from discarded poultry was "unbearable," the Nebraska Examiner reported. David City Mayor Alan Zavodny also expressed concern that composting operations were near the city's water wells, the Examiner reported. Bones and other discarded parts from dead chickens can be piled up at the chicken barns themselves, the Examiner reported, citing state laws. "It was just the smell of death," Greg Lanc, a farmer who lives within a mile of nearly 50 chicken barns, told the Examiner.

Last decade 2100 scenarios LOW EMISSIONS By 2100, Basra would see almost six months of dangerous heat under the most likely scenario. MEDIUM EMISSIONS HIGH EMISSIONS Jan. July Jan. July Dec. Dec. Heat Index 80°F Caution 90°F Extreme Caution 103°F Danger 125°F Extreme Danger Basra Kuwait City Last decade 2100 scenarios Lower emissions Medium emissions Higher emissions Jan. July Jan. July Dec. Dec. Heat Index 80°F Caution 90°F Extreme Caution 103°F Danger 125°F Extreme Danger Basra Last decade 2100 emissions scenario LOW Medium HIGH Jan. July Dec. Kuwait City Last decade 2100 emissions scenario LOW Medium HIGH Jan. July Dec. Heat Index 80°F Caution 90°F Extreme Caution 103°F Danger 125°F Extreme Danger Basra Last decade 2100 emission scenarios Low Medium High Jan. July Dec. Kuwait City Last decade 2100 emission scenarios Low Medium High Jan. July Dec. Heat Index 80°F Caution 90°F Extreme Caution 103°F Danger 125°F Extreme Danger Kuwait City Basra Today, Basra experiences about 60 dangerously hot days per year. MEDIUM EMISSIONS HIGH EMISSIONS Jan. July Jan. July Dec. Dec. Heat Index 27°C Caution 32°C Extreme Caution 39°C Danger 52°C Extreme Danger Basra Kuwait City Last decade 2100 scenarios Lower emissions Medium emissions Higher emissions Jan. July Jan. July Dec. Dec. Heat Index 27°C Caution 32°C Extreme Caution 39°C Danger 52°C Extreme Danger Basra Last decade 2100 emissions scenario LOW Medium HIGH Jan. July Dec. Kuwait City Last decade 2100 emissions scenario LOW Medium HIGH Jan. July Dec. Heat Index 27°C Caution 32°C Extreme Caution 39°C Danger 52°C Extreme Danger Basra Last decade 2100 emissions scenario Low Medium High Jan. July Dec. Kuwait City Last decade 2100 emissions scenario Low Medium High Jan. July Dec. Heat Index 27°C Caution 32°C Extreme Caution 39°C Danger 52°C Extreme Danger Kuwait City Basra Today, Basra experiences about 60 dangerously hot days per year. Last decade 2100 scenarios LOW EMISSIONS By 2100, Basra would see almost six months of dangerous heat under the most likely scenario. MEDIUM EMISSIONS HIGH EMISSIONS Jan. July Jan. July Dec. Dec.

☆ FTX’s Unraveling Is Latest Blow to Softening Ad Market
▼ + stars: | 2022-11-17 | by ( Suzanne Vranica | ) www.wsj.com time to read: 1 min

Cryptocurrency exchange FTX spent tens of millions of dollars over the past couple of years on slick marketing efforts, including sports-sponsorship deals and celebrity-laden TV ads featuring Tom Brady and Larry David. Then, last week, FTX filed for bankruptcy protection in the midst of a liquidity crisis, sending shock waves throughout the crypto world and putting in question an important revenue stream for advertising, sports-sponsorship and media businesses already coping with a softening ad market.

☆ 2 little-known intel agencies are helping US partners keep an eye on Russia's and China's frontline forces
▼ + stars: | 2022-11-17 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Two little-known US intelligence agencies have made significant contributions to countering Russia in Ukraine. The National Geospatial-Intelligence Agency and the National Reconnaissance Office have gathered and distributed valuable information about Russian activity. Little-known intel agenciesA National Reconnaissance Office payload is launched into space from Vandenberg Air Force Base in September 2017. US Air Force/Senior Airman Ian DudleyThe US response to Russia's war in Ukraine has pulled the National Geospatial-Intelligence Agency (NGA) and the National Reconnaissance Office out of the shadows. NRO satellites have many customers, but the NGA is probably the most reliant on the satellites operated by the NRO.

☆ How Ukraine Blew Up a Key Russian Bridge
▼ + stars: | 2022-11-17 | by ( Marco Hernandez | James Glanz | ) www.nytimes.com time to read: +8 min

Last month, a truck laden with explosives drove across the Kerch bridge, a critical artery connecting Russia with its troops fighting in southern Ukraine. Structural and explosive experts who reviewed the bridge’s design and imagery of the blast offered new details on how the bridge was damaged. There are few direct parallels to such a spectacular act of sabotage on a bridge behind enemy lines in wartime. The blast ignited a train carrying large fuel tanks on an adjacent bridge, creating flames and a plume of smoke. “If it were a suicide truck bomb,” Mr. Nair said, “I would think the guy would have destroyed the main span.”But the trigger for the bomb is still unknown.

The leaks were different from those that forced NASA to call off the first two Artemis launch attempts. As part of the Artemis program, NASA envisions regular missions to the moon to establish a base camp on the lunar surface before the agency eventually ventures to Mars. Martin added that each Artemis launch is expected to cost around $4.1 billion. If successful, Artemis I will be followed by a planned Artemis II test flight, tentatively scheduled for sometime in 2024. After that, NASA said the Artemis III flight will include the first woman and first person of color to land on the moon.

David Vladeck, a former director of the FTC's Bureau of Consumer Protection, said there would likely be another investigation, and potentially another enforcement action before Twitter executives would be held personally liable. Many former FTC officials said the agency's current chair, Lina Khan, has shown interest in going after executives if consent orders are violated. The FTC on Thursday said it is "tracking recent developments at Twitter with deep concern. It is Twitter itself (not individual employees) who is a party and therefore only Twitter the company could be liable," he wrote. In the May settlement, Twitter agreed to pay $150 million and assess potential features for data privacy and security issues.

☆ Demichelis to leave Bayern, take over as River Plate coach
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

Nov 14 (Reuters) - Former Argentina defender Martin Demichelis will leave his role as coach of Bayern Munich's reserve team to take charge of his former side River, the German Bundesliga club said on Monday. Marcelo Gallardo is leaving River Plate after more than eight years at the Argentine club during which he won 14 titles. "Bayern and Martin Demichelis have agreed that the second-team coach will move to his former club, River Plate in Buenos Aires, at his own request, to take over as head coach," Bayern Munich said in a statement. Demichelis, 41, began his career as a centre back with River Plate in 2001 before moving to Bayern. "I came to Europe as a player from River to Bayern, now I'm going the other way as a coach," Demichelis said.

☆ Spain's Ramos disappointed by World Cup omission
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

Nov 14 (Reuters) - Spain defender Sergio Ramos said he was disappointed to be excluded from their World Cup squad after returning to full fitness following a calf injury that limited his playing time with Paris St Germain last season. Ramos, 36, who joined PSG last year after 16 trophy-laden years at Real Madrid, wrote an emotional letter to fans after missing out on the chance to feature in his fifth World Cup. "The World Cup? Ramos won the 2010 World Cup with Spain. Spain play Jordan in a friendly on Thursday ahead of their World Cup opener against Costa Rica.

☆ Factbox: Deadly Istanbul blast echoes past attacks in Turkey
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +4 min

Dec 31, 2016 - Islamic State claimed responsibility for a New Year's Day mass shooting in which 39 people were killed after a lone gunman opened fire in a packed Istanbul nightclub. View of ambulances and police at the scene after an explosion on busy pedestrian Istiklal street in Istanbul, Turkey, November 13, 2022. March 19, 2016 - A suicide bomber killed four people in a busy shopping district of Istiklal Street in the heart of Istanbul. Jan 12, 2016 - A suicide bomber killed at least 10 people, most of them German tourists, in Istanbul's historic heart in an attack then authorities blamed on Islamic State. Sept 8, 2015 - Kurdish militants killed 15 police officers in two bombings in eastern Turkish provinces of Mardin and Igdir.

☆ The Taurids meteor shower is expected to peak this weekend. Here's how to watch bright fireballs dazzle the night sky.
▼ + stars: | 2022-11-11 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +3 min

The Northern Taurids meteor shower will be at its best overnight, between November 11 and 12. In the Southern Hemisphere, the meteor shower reached another peak in mid-October. The Southern and Northern Taurids' last peaks were in 2015. NASA/Johns Hopkins University Applied Physics Laboratory/Carnegie Institution of Washington/Southwest Research InstituteIn 2005, a Taurids meteor struck the surface of the moon. During the peak, the American Meteor Society says you might see around five meteors per hour under clear, dark skies.

☆ COP27: How Lewis Pugh braved sharks and shipping containers in the world's first swim across the Red Sea
▼ + stars: | 2022-11-10 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

Lewis Pugh had to contend with large shipping vessels while swimming across the Red Sea. Pugh completed his swim across the Red Sea -- home to some of the world's most biodiverse coral reefs -- in 16 days. The Lewis Pugh FoundationFor sections of the swim, Pugh was joined by open-water swimmer Mariam Saleh Bin Laden – who became the first Arab, first Saudi and first woman to swim from Saudi Arabia to Egypt – and Egyptian swimmer Mostafa Zaki. The purpose of the swim was to shine a spotlight on the world’s coral reefs – home to the earth’s most vibrant marine ecosystems – and their precarious status amid the climate crisis. The Lewis Pugh FoundationThis week, Pugh has traveled to the COP27 climate summit in Sharm El-Sheikh, Egypt – a location he passed during his swim across the Red Sea.

☆ Reliance group, Adani bid for India's debt-ridden Future Retail
▼ + stars: | 2022-11-10 | by ( Nupur Anand | ) www.reuters.com time to read: +2 min

[1/2] Labourers rest in front of an advertisement for Reliance Industries at a construction site in Mumbai, India, March 2, 2016. April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group, Reliance Retail ventures as well as 13 other firms have submitted expressions of interest (EOIs) for Future Retail. Future Retail's court-appointed resolution professional (RP), Reliance Industries and Adani group did not immediately respond to emails seeking comment. The deadline for submission of EOIs ended earlier this month for Future Group's flagship retail unit, Future Retail, which was once the country's second-largest retailer. Other entities that have submitted EOIs include Shalimar Corporation Ltd, Nalwa Steel & Power, United Biotech, WHSmith Travel, Capri Global Holdings.

The Group of Seven (G7), which includes the United States, Britain, Germany and France, agreed in September to enforce a low price on sales of Russian oil. And with just three weeks to go, time is running out to fully convince the shipping services industry it will work. Concerns are centred around a scenario in which insurers discover that oil in transit at sea, which was believed to have been sold below the price cap, was in fact sold above it. The official spoke to Reuters on condition of anonymity because they are not authorized to speak about the matter. "This would be a bad development as no one will want uninsured ships sitting off coasts," he added.

☆ Europe still can't live without Russian LNG exports
▼ + stars: | 2022-11-09 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN Business —Europe may be closer than ever to breaking its energy dependence on Moscow, but it still can’t live without one type of Russian natural gas. Russian imports doubled in the year to September to 1.2 million tons, Rystad data shows. The majority of the Russian LNG imports come from privately owned Novatek, the country’s second-largest natural gas producer after Gazprom. “I expect that Russian LNG will continue to play an important role in filling European storage going into winter of 2023,” he told CNN Business. “[Europe] would rather get whatever [it] can in terms of Russian pipeline gas and Russian LNG… it would take a lot before [it] would think about sanctioning gas or LNG from Russia,” Ramesh said.

☆ Russia is sending an ice-breaking tanker of oil to China via the Arctic Circle, opening up a faster route to Asian buyers
▼ + stars: | 2022-11-08 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Russia is sending an ice-breaking tanker of oil to China via the Arctic Circle, Bloomberg data shows. It could open up a quicker route to Asia, with an EU ban on seaborne Russian oil due next month. Its crude oil shipments to the region have already plunged 60% since its February invasion of Ukraine. The measure will bar EU tankers from transporting Russian oil — meaning deliveries to alternative buyers in India, for example, will take 10 times as long. Like India, China has been snapping up Russian crude sold at a discount as Moscow seeks alternative buyers to its European market.

Summary Williams resigns to comply with inquiryOpposition parties question Sunak's judgementLONDON, Nov 8 (Reuters) - British minister Gavin Williamson resigned on Tuesday from the government over claims that he bullied colleagues, raising questions about Prime Minister Rishi Sunak's judgement just weeks into the job. Sunak became Britain's third prime minister in two months in October, pledging to restore integrity and professionalism to the heart of government following months of turmoil under his predecessors, Liz Truss and Boris Johnson. The opposition Labour Party said Williamson's resignation was a "damning reflection of a weak prime minister". The government and fellow ministers had previously said that Williamson's messages, if true, were not acceptable but that more time was needed to investigate the situation. Reporting by Muvija M and Kate Holton, Editing by Kylie MacLellan and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

☆ TIM top investor Vivendi keen to discuss network plan with government, sources say
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 6 (Reuters) - Telecom Italia's (TIM) (TLIT.MI) top investor Vivendi (VIV.PA) is keen to start talks with Italy's new right-wing government on a new plan to create a national broadband company, people close to the French media conglomerate said on Sunday. The potential sale was part of a plan sponsored by the previous government to combine TIM's fixed network assets with those of smaller broadband operator Open Fiber in order to create a national network champion under CDP control. However, regulatory and valuations issues have thwarted efforts so far and the project to create a single network company is now being reassessed by the new government, which was sworn in last month. Butti had previously called on CDP to pursue the single network project taking over TIM, under a plan dubbed "Minerva". Under the plan, TIM would retain the network while hiving off its services operations and its Brazil-listed unit to cut its debt pile.

☆ Gerard Piqué: Barcelona defender announces retirement at age 35
▼ + stars: | 2022-11-04 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Barcelona defender Gerard Piqué has announced his retirement from football, saying Saturday’s game against Almería will be his last. The defender played 615 games – including 396 in the Spanish league and 126 in the Champions League – with Barcelona, winning eight La Liga title and the Champions League three times. This season, Piqué has fallen down the pecking order as Barcelona attempt to transition to a new era, meaning he’s found his playing time limited. Outside of football, Piqué became the owner of Andorran club, FC Andorra, in 2018. Last season, the club – which plays in the Spanish league system – was promoted to the second tier of Spanish football for the first time in its history.

☆ Ukrainian suicide drone boats packed with bombs are threatening Russia's once feared Black Sea fleet, and it may not be able to stop them
▼ + stars: | 2022-11-03 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

Ukraine last week appeared to attack Russia's Black Sea Fleet using a swarm of naval and aerial drones. Russia labeled the attack a "terrorist act" and briefly suspended a deal on grain shipments. Experts told Insider the attack demonstrates that nowhere is safe for Russia's naval assets. Russia has not, to date, taken such steps to protect its Black Sea Fleet, a force which has participated in the missile barrages of Ukraine and lost its flagship in another stunning Ukrainian attack. Nothing powered by a jet ski engine is going to be able to match the speed and range of a Russian ship at sea; when Ukraine sunk the cruiser Moskva, the former flagship of Russia's Black Sea Fleet, it did so with a cruise missile.

☆ Nationwide catalytic converter theft ring made hundreds of millions of dollars, feds say
▼ + stars: | 2022-11-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan_Dienst_Byline.Jpg | Jonathan Dienst | ) www.nbcnews.com time to read: +3 min

“Amidst a rise in catalytic converter thefts across the country, the Justice Department has today carried out an operation arresting 21 defendants and executing 32 search warrants in a nation-wide takedown of a multimillion-dollar catalytic converter theft network,” Attorney General Merrick Garland said in a statement. Thieves made off with 12 times as many catalytic converters in 2021 as they did in 2019, according to the National Insurance Crime Bureau. On his Instagram account, he posted a photo of a necklace with a pendant made to look like a catalytic converter. Prosecutors say that was among the businesses allegedly purchasing stolen catalytic converters and reselling them. Technician Adelmo Rodriguez etches a catalytic converter with a license plate number in Huntington Beach, Calif, in 2021.

☆ Auditor exodus at embattled China property firms triggers governance concerns
▼ + stars: | 2022-11-01 | by ( Clare Jim | ) www.reuters.com time to read: +4 min

HONG KONG, Nov 2 (Reuters) - Auditors of at least 14 Hong Kong-listed Chinese property firms have exited this year, securities filings showed, raising governance concerns about the debt-ridden developers several of whom are yet to publish long-pending financial results. Embattled developers including Sunac China (1918.HK), Shimao Group (0813.HK) and Kaisa Group (1638.HK) are among those whose auditors have parted ways in recent months. In many cases, firms outside the Big-Four accounting firms have been roped in as replacements. The trend, which accelerated earlier this year, has seen auditors, including the world's top auditing firms PricewaterhouseCoopers (PwC) and Deloitte, resigning from their roles. Deloitte in Hong Kong declined to comment on the reasons for ending their auditing mandates for some Chinese property developers.

☆ Apple supplier Foxconn quadruples bonuses to staff hit by China COVID lockdown
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +4 min

The original bonus scheme was initially outlined in an article on Monday by the government backed Henan Daily newspaper citing a senior unnamed Foxconn executive. CLOSED LOOP TOLLVideos circulating on social media appear to show departing Foxconn workers laden with luggage and walking along village roads towards their home towns. Many people who said they were Foxconn workers turned to social media to complain about receiving insufficient food or about the uncertainty of the situation. Foxconn did not immediately respond to a request for comment on the Henan Daily article. The Henan Daily is the official newspaper of Henan province, of which Zhengzhou is the capital.

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