DIRS.INFO The most relevant business & tech news

☆ Russia will pay heavy price for Avdiivka, says Ukraine
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +4 min

Moscow's forces have focused on eastern Ukraine since failing to advance on Kyiv in the first days of the February 2022 invasion. Zelenskiy, in his nightly video address, said Russian assaults in the eastern Donetsk region including Avdiivka had been "very intense". "Russia is already losing men and equipment near Avdiivka faster and on a larger scale than, for example, near Bakhmut," he said, referring to months of heavy fighting that culminated in Russian forces capturing the eastern town of Bakhmut in May. The more Russian forces that are destroyed near Avdiivka, the worse the overall situation will be for the enemy and the overall course of this war." Ukrainian forces, he said, had repelled 18 Russian attacks over the past 24 hours.

Persons: Volodymyr Zelenskiy, Moscow's, Avdiivka, Rybar, Oleksandr Shtupun, Shtupun, Andriy Yermak, Yermak, Ron Popeski, Oleksandr Kozhukhar, Leslie Adler, Stephen Coates Organizations: Russia's Defence Ministry, Reuters, Ukraine's Defense Forces, Hudson Institute, Thomson Locations: Avdiivka, Kherson, Dnipro, Crimea, Ukraine, Kyiv, Donetsk, Russia, Bakhmut, Russian, Ukrainian, United States, Moscow

☆ Cuba blames US sanctions for fomenting irregular migration amid exodus
▼ + stars: | 2023-11-15 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

The United States - the top destination for Cuban migrants -in 2022 renewed talks with Cuba and has since increased legal pathways to migration for Cubans, including visa access in Havana, family reunification and humanitarian parole programs aimed at stemming illegal migration. But the problem won't go away, said Cuban vice foreign minister Carlos Fernandez de Cossio, until the United States eases sanctions on the island, which Cuba blames for devastating its already-ailing state-run economy. "For the United States, the priority of destabilizing Cuba continues to take precedence over its interest in protecting its borders in terms of migration," de Cossio told reporters following the talks. The U.S. says the sanctions are necessary to promote human rights and fundamental liberties in Cuba and that it makes exceptions for humanitarian purposes. Reporting by Nelson Acosta; editing by Dave Sherwood and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Yireht, Yanara, Adrees Latif, Carlos Fernandez de Cossio, de Cossio, Nelson Acosta, Dave Sherwood, Leslie Adler Organizations: REUTERS, Rights, Cuban, U.S . State Department, Thomson Locations: Cuba, Rio, United States, Mexico, Eagle Pass , Texas, U.S, Rights HAVANA, Havana, Cuban, Caribbean

Additionally, tightness in U.S. soybean meal supplies related to Argentina’s extreme crop shortfall earlier this year has lent significant support to soybean and soymeal futures lately. Managed money net position in CBOT soybean futures and optionsIt was funds’ biggest net buying week in soybeans since early April, and both new longs and short-covering played an instrumental role. Managed money net position in CBOT soybean meal futures and optionsThe new managed money meal long is the biggest since mid-March and the largest ever for the date. CBOT soybean meal on Monday traded up the daily limit at one point, reaching the most-active contract’s highest since mid-March and notching another contract high for December meal. Most-active CBOT soybeans on Monday hit their highest price since Aug. 31, and most-active corn futures rose 2.9%, their biggest single-day percentage gain since July 24.

Persons: Karen Braun, Leslie Adler Organizations: U.S . Commodity Futures Trading Commission, China, U.S . Department of Agriculture, Reuters, Thomson Locations: NAPERVILLE, Ill, Brazil, Chicago

[1/3] U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque//File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. But they have met only once in person since then, and Xi, who arrived in San Francisco on Tuesday evening, had not visited the United States since 2017 when Donald Trump was president. The White House says the aim of the summit, to be held at an unannounced location in the San Francisco Bay Area, is to boost communication to prevent an intense rivalry from veering into conflict. In a separate dinner with business leaders, the Chinese president will be looking to boost flagging investment by U.S. firms in China.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Donald Trump, Biden, Richard Fontaine, There's, Trump, David Brunnstrom, Michael Martina, Don Durfee, Grant McCool, Leslie Adler Organizations: REUTERS, FRANCISCO, Asia Pacific Economic Cooperation, East China Seas, U.S, Washington's Center, New, New American Security, APEC, Thomson Locations: Bali , Indonesia, San Francisco, United States, San Francisco Bay, Ukraine, North, Russia, Taiwan, U.S, China, South, East, Philippines, Washington, Iran, New American

☆ Gaza official warns of possible Israeli raid on Al Shifa hospital
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

[1/2] A satellite image shows Al-Shifa hospital, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Gaza November 7, 2023. Maxar Technologies/Handout via REUTERS/File Photo Acquire Licensing RightsNov 15 (Reuters) - Gaza's health ministry spokesperson warned on Wednesday of a potential Israeli raid on the enclave's Al Shifa hospital complex, saying Israel informed Gaza health officials that its forces would raid the facility. The Gaza health ministry spokesperson, Ashraf al-Qidra, told Al Jazeera that Israel "informed us that it will raid Al Shifa hospital complex in the coming minutes." Reuters was not able to independently confirm the situation at Al Shifa. Israeli forces have surrounded Al Shifa, Gaza's biggest hospital, after waging fierce street battles with Hamas fighters they accuse of having a command post under the complex.

Persons: Al, Ashraf al, Al Shifa, Ahmed Tolba, Rami Ayyub, Leslie Adler, Howard Goller Organizations: Hamas, Maxar Technologies, REUTERS, Reuters, Thomson Locations: Israel, Palestinian, Gaza, Al Jazeera, Al, Gaza's, U.S

[1/2] People shop in a used clothing shop in Buenos Aires, Argentina May 14, 2019. Today prices are unthinkable," said Aylen Chiclana, a 22-year-old student in Buenos Aires. Beatriz Lauricio, a 62-year-old semi-retired teacher, said that she and her husband, a bus company employee, go on weekends to a clothing fair to sell old garments to make ends meet. "We simply can't buy new things. You can't buy new sneakers, you can't buy new flip-flops, you can't buy new jeans, you can't buy a shirt or a T-shirt either.

Persons: Agustin Marcarian, Javier Milei, Sergio Massa, Aylen Chiclana, Beatriz Lauricio, Lauricio, María Silvina Perasso, María Teresa Ortiz, Claudia Martini, Miguel Lo Bianco, Lucila Sigal, Adam Jourdan, Rod Nickel, Leslie Adler Organizations: REUTERS, Economy, Peronist, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Tigre

☆ Stellantis offering buyouts to about half its US salaried employees
▼ + stars: | 2023-11-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/David 'Dee' Delgado Acquire Licensing RightsNov 13 (Reuters) - Chrysler-parent Stellantis (STLAM.MI) said Monday it is offering 6,400 U.S. salaried employees voluntary buyouts as it works to cut costs amid the transition to electric vehicles and agreeing to a new United Auto Workers contract. The buyouts would be about half the company's salaried U.S. employees not represented by a union, which is currently 12,700. Another 2,500 Stellantis U.S. salaried workers are unionized and are not being offered the current buyout. Salaried employees must have at least five years of experience to be offered a voluntary departure package. In October 2022, Stellantis offered voluntary buyouts to its U.S. salaried employees who were aged 55 or older and had worked for the automaker at least 10 years.

Persons: David, Dee, Delgado, Stellantis, Mark Stewart, Natalie Knight, David Shepardson, Leslie Adler, Lisa Shumaker Organizations: New York, REUTERS, Chrysler, United Auto Workers, Employees, UAW, Thomson Locations: Manhattan , New York City, U.S, Canada, North America

☆ Blinken, new UK foreign minister discuss Israel, Ukraine and China
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

[1/2] U.S. Secretary of State Antony Blinken looks on, as he begins to board his plane to travel home to Washington from Palam Air Base in New Delhi, India, November 10, 2023. REUTERS/Jonathan Ernst/Pool/File Photo Acquire Licensing RightsNov 13 (Reuters) - U.S. Secretary of State Antony Blinken and newly appointed British foreign minister David Cameron discussed the Israel-Hamas conflict, relations with China and help for Ukraine during a telephone call on Monday, the State Department said. "Secretary Blinken and Lord Cameron underscored continuity in the U.S.-UK special relationship and its importance to regional and global security," State Department spokesperson Matthew Miller said in a readout of the conversation. Reporting by Jasper Ward; writing by Costas Pitas; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, Jonathan Ernst, David Cameron, Blinken, Lord Cameron, Matthew Miller, Jasper Ward, Costas Pitas, Leslie Adler Organizations: Palam Air Base, REUTERS, Ukraine, State Department, U.S ., Department, Thomson Locations: Washington, New Delhi, India, Israel, China, U.S

☆ Biden registers for South Carolina primary, seen as first test of re-election strength
▼ + stars: | 2023-11-10 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

The filing marks a return to a state that Biden credits with catapulting him to the White House. Biden ousted Iowa and New Hampshire from the top spots on the party's nominating calendar in favor of South Carolina. The move forces any Democratic challenger to Biden to compete first in South Carolina instead of Iowa and New Hampshire, two largely white states which both rejected him in 2020. Biden did not register for New Hampshire's primary, slated for January, after the state refused the Democratic Party's request to move the date back. A CNN poll published on Oct. 31 found that Biden's overall approval rating in South Carolina was just 33%, lower than his national approval, which has hovered around 40% in most polls.

Persons: Joe Biden's, Biden, Dean Phillips, Marianne Williamson, “, Kamala Harris, catapulting, Joe Biden, Carol Fowler, Harris, Phillips, Williamson, Jimmy Carter's, “ We’re, David Ljunggren, Leslie Adler, Aurora Ellis Organizations: Friday, South Carolina Democratic, Black, Palmetto State, Biden, Democratic, Democratic National Committee, Iowa, New, CNN, Thomson Locations: Minnesota, Palmetto, New Hampshire, South Carolina, Iowa, Nevada and Michigan

☆ Biden to register for South Carolina primary, seen as first test of re-election strength
▼ + stars: | 2023-11-10 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

Nov 10 (Reuters) - U.S. President Joe Biden's re-election campaign on Friday will register for the South Carolina Democratic primary, the party's first official clash and an early enthusiasm test for a president dogged by a rash of recent polls that show declining support among Black voters. It will mark a return to a state that Biden credits with catapulting him to the White House. Biden ousted Iowa and New Hampshire from the top spots on the party's nominating calendar in favor of South Carolina. James Clyburn, a South Carolina congressman and one of the nation's most influential Black leaders, is filing on behalf of the Biden campaign. A CNN poll published on Oct. 31 found that Biden's overall approval rating in South Carolina was just 33%, lower than his national approval, which has hovered around 40% in most polls.

Persons: Joe Biden's, Biden, Dean Phillips, Marianne Williamson, catapulting, Joe Biden, Carol Fowler, Derrick Johnson, Phillips, Williamson, Jimmy Carter’s, James Clyburn, Jarrett Renshaw, Leslie Adler Organizations: South Carolina Democratic, Black, Biden, Democratic, Democratic National Committee, Iowa, NAACP, New, South, CNN, Thomson Locations: Minnesota, Palmetto, New Hampshire, South Carolina, Iowa, Nevada and Michigan

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 9 (Reuters) - Proxy advisor CGI Glass Lewis on Thursday recommended Origin Energy (ORG.AX) shareholders vote in favour of a $10.5 billion bid from a consortium led by Canada's Brookfield (BN.TO), despite opposition from the target's largest shareholder. Brookfield and EIG Partners last week offered a "best and final" A$9.53 per share for Origin after raising a previous bid. Australia's largest pension fund AustralianSuper opposes the offer and intends to use its 15% stake to vote against the deal at a Nov. 23 shareholder meeting. Origin Energy shares traded 1.9% higher at A$8.905 at 2 p.m. AEDT (0300 GMT) and are up 5.1% since the close of trade on Nov. 2, when AustralianSuper rejected the improved offer. Reporting by Scott Murdoch and Lewis Jackson; Editing by Leslie Adler and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Glass, Canada's Brookfield, AustralianSuper, Glass Lewis, Scott Murdoch, Lewis Jackson, Leslie Adler, Jamie Freed Organizations: Brookfield, REUTERS, Rights, Energy, EIG Partners, Services, Origin Energy, Australia Pacific LNG, Thomson Locations: Brookfield, Australia

☆ Argentine oil company YPF swings to loss amid dampened fuel prices
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] The headquarters of Argentina's state energy company YPF is seen in Buenos Aires, Argentina February 10, 2021. REUTERS/Matias Baglietto Acquire Licensing RightsCompanies Ypf Sa FollowNov 8 (Reuters) - Argentine national oil company YPF swung to a loss in the third quarter, hurt by lower local fuel prices and higher operating costs, the company said on Wednesday,The result was significantly behind analyst expectations. The state-run producer's revenue fell about 16% to $4.5 billion during the July-to-September period, due in part to a drop in local fuel prices in dollars, YPF said in a statement. In August, Argentina froze fuel prices in a bid to tame surging triple-digit inflation. YPF said total oil and gas production increased 3% in the third quarter, with crude output up 5.4%.

Persons: Matias Baglietto, YPF, Isabel Woodford, Aida Pelaez, Fernandez, Valentine Hilaire, Leslie Adler Organizations: REUTERS, Thomson Locations: Buenos Aires, Argentina, Argentine, Vaca, U.S

On Wednesday, Brazil arrested two people on terrorism charges as part of an operation to take down a suspected Hezbollah cell planning attacks on Brazilian soil. Later that day, Mossad publicly thanked Brazil's police and said, "Given the backdrop of the war in Gaza," Hezbollah was continuing to attack Israeli, Jewish and Western targets. A spokesperson for the Israeli Prime Minister's Office, which oversees the Mossad, had no immediate comment. Brazil's Foreign Ministry told Israel this week that the diplomatic relationship would become unsustainable if any harm were to befall the trapped Brazilians, the sources said. The Iranian government and Hezbollah, an Iran-backed group in Lebanon, could not immediately be reached for comment.

Persons: Brazil's, Flavio Dino, Israel, Dino, Luiz Inacio Lula da Silva, Eli Cohen, Mauro Vieira, Vieira, Daniel Zonshine, Jair Bolsonaro, Lula, Zonshine, Andrei Rodrigues, Rodrigues, Gabriel Stargardter, Maytaal Angel, Jonathan Saul, Andrew Heavens, Brad Haynes, David Gregorio, Leslie Adler Organizations: RIO DE, Brazilian Federal Police, Prime, Office, Mossad, Foreign Ministry, Reuters, O Globo, Wednesday's Federal Police, Federal Police, Hezbollah, Thomson Locations: RIO DE JANEIRO, Brazil, Israel, Gaza, Bolivia, Colombia, Chile, Iran, Lebanon

☆ Novo Nordisk to discontinue Levemir insulin in U.S. market
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - Novo Nordisk (NOVOb.CO) said on Wednesday it would discontinue its long-acting insulin Levemir in the United States, citing manufacturing constraints, reduced patient access and available alternatives. Novo has another long-acting insulin, Tresiba, on the market. "Novo Nordisk will phase out, then permanently discontinue Levemir in the U.S. on December 31, 2024," the company said in a statement. Basal insulin such as Levemir is a type of long-acting insulin injected once or twice a day as opposed to rapid, short, or intermediate-acting insulin. Around 8.4 million of the 37 million people in the United States with diabetes use insulin, according to the American Diabetes Association.

Persons: Novo, Eli Lilly, Tresiba, Maggie Fick, Ahmed Aboulenein, Leslie Adler Organizations: Novo Nordisk, Nordisk, U.S . Food, Drug Administration, American Diabetes Association, Thomson Locations: United States, Danish, U.S, London

REUTERS/Ken Cedeno/Pool/File Photo Acquire Licensing RightsDUBLIN Nov 8 (Reuters) - A rise in geopolitical tensions across the world could aggravate already subdued growth in Europe and China and the spillover may alter the path of the U.S. economy, Federal Reserve Governor Lisa Cook said on Wednesday. "We are not only watching subdued growth, we're watching the geopolitical tensions that we're all talking about, and that could change the outlook both in the United States and the global economy." Cook added that geopolitical tensions may in particular destabilize commodity markets and access to credit in the current higher interest rate environment. "Any shock could make the situation worse that we're already (in)... and could be destabilizing to commodity markets, could be destabilizing to the system of credit," Cook said. "More broadly, escalation of geopolitical tensions could lead to lower economic activity and increased fragmentation of global trade flows and financial intermediation, raising financing and production costs and contributing to more sustained supply chain challenges and inflationary pressures," Cook said.

Persons: Lisa DeNell Cook, Ken Cedeno, Lisa Cook, Cook, We're, Padraic Halpin, Conor Humphries, Ann Saphir, Lindsay Dunsmuir, Leslie Adler, Mark Potter Organizations: Governors, Federal Reserve System, Banking, Housing, Urban, Capitol, Washington , D.C, REUTERS, DUBLIN, Federal, Central Bank of Ireland, Thomson Locations: Michigan, Washington ,, Europe, China, U.S, Dublin, United States, Ukraine, Russia, East, San Francisco

☆ Exclusive: Amazon.com previews FTC defense at companywide meeting -transcript
▼ + stars: | 2023-11-08 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +3 min

Nov 7 (Reuters) - Amazon.com's (AMZN.O) top lawyer on Tuesday previewed the broad outlines of the company's possible defense against the U.S. Federal Trade Commission's antitrust lawsuit against the retailer, at a private companywide meeting. The lawsuit, which was joined by 17 state attorneys general, was filed in federal court in Seattle and follows a four-year investigation into the company's practices. The FTC takes "issue with us refusing to show prices that are higher than our biggest competitors," Zapolsky said on Tuesday, according to the transcript. "It’s not that we don’t let customers sell at these prices, we just don’t feature that product at that price." Amazon has said it disagrees with the FTC and would defend itself in court.

Persons: David Zapolsky, Taylor Swift, Zapolsky, Andy Jassy, Ty Rogers, Greg Bensinger, Kenneth Li, Matthew Lewis, Leslie Adler Organizations: U.S . Federal Trade, Reuters, Amazon, U.S . Federal Trade Commission, Big Tech, FTC, Thomson Locations: Seattle, San Francisco

☆ U.S. suspends Indo-Pacific talks on key aspects of digital trade -lawmakers
▼ + stars: | 2023-11-08 | by ( David Lawder | ) www.reuters.com time to read: +3 min

The halt comes after the U.S. Trade Representative's office last month reversed longstanding U.S. digital trade demands at the World Trade Organization -- no longer insisting on rules that protect free cross-border data flows and prohibit national requirements for data localization and reviews of software source code. The U.S. Trade Representative's office said it withdrew its position to give Congress room to enact stronger technology regulations. "We thank you for suspending negotiations on aspects of the IPEF digital text that can be used to frustrate privacy, AI, civil rights and liberties, anti-monopoly, gig worker and other digital safeguards that Congress and the administration seek," the lawmakers wrote. People familiar with the talks say that discussions on the digital trade chapter have largely ground to a halt because the U.S. position is now unclear and being reevaluated. A USTR spokesperson declined comment on the IPEF digital talks.

Persons: Elizabeth Warren, Julia Nikhinson, Biden, IPEF, Amy Klobuchar, Pramila Jayapal, David Lawder, Leslie Adler Organizations: Intelligence, U.S, Capitol, REUTERS, Rights, Democratic, U.S . Trade, World Trade Organization, Representatives, Commerce Department, Asia Pacific Economic Cooperation, Tech, Thomson Locations: Washington , U.S, U.S, Mexico, Canada, IPEF, San Francisco, Asia, China

Nov 8 (Reuters) - NuScale Power (SMR.N) said on Wednesday it has agreed with a power group in Utah to terminate the company's small modular reactor project, dealing a blow to U.S. ambitions for a wave of nuclear energy to fight climate change and sending NuScale's shares down 20%. In 2020, the Department of Energy approved $1.35 billion over 10 years for the plant, known as the Carbon Free Power Project, subject to congressional appropriations. NuScale's Utah plant was expected to be the first SMR to win a license from the U.S. Nuclear Regulatory Commission for construction. An Energy Department spokesperson said it was unfortunate news, but added, "We believe the work accomplished to date on CFPP will be valuable for future nuclear energy projects. So far, only NuScale's SMR design has been approved by the NRC.

Persons: NuScale, John Hopkins, Critics, Biden, Manas Mishra, Timothy Gardner, Shounak Dasgupta, Krishna Chandra Eluri, Leslie Adler Organizations: Department of Energy, Carbon, Power, Utah Associated Municipal Power Systems, SMR, U.S . Nuclear Regulatory Commission, Energy Department, DOE, NRC, Thomson Locations: Utah, Romania, Kazakhstan, Poland, Ukraine, NuScale's Utah, U.S, Bengaluru, Washington

☆ Two-thirds of North America could face power shortages this winter -NERC
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

In its 2023-24 winter outlook, the regulatory authority warned that prolonged, wide-area cold snaps threaten the reliability of bulk power generation and availability of fuel supplies for natural gas-fired generation. "Recent extreme cold weather events have shown that energy delivery disruptions can have devastating consequences for electric and gas consumers in impacted areas," NERC said. It put the U.S. Midwest, Northeast, Mid-Atlantic, and South, along with some Canadian provinces, at the highest risk for electricity supply shortages this winter. NERC also found that load forecasting in winter is growing in complexity, and underestimating demand is a risk to reliability in extreme cold temperatures. Flows of gas into pipelines were reduced during Elliott, while demand for the fuel for heating and power generation increased, dramatically lowering line pressures.

Persons: Greenlee Beal, NERC, John Moura, Storm Elliott, Elliott, Anjana Anil, Scott DiSavino, Leslie Adler, Marguerita Choy Organizations: PIKE Energy, REUTERS, North American Electric Reliability Corp, U.S ., PJM, Reliability Corp, Texas, Federal Energy Regulatory, Storm, Consolidated Edison, Thomson Locations: Texas, San Antonio , Texas, U.S, Canada, U.S . Midwest, Northeast, South, New England, MISO , New York, New York City, Bengaluru, New York

☆ As shutdown looms, US House Republicans search for stopgap solution
▼ + stars: | 2023-11-07 | by ( David Morgan | ) www.reuters.com time to read: +4 min

House Speaker Mike Johnson, the top Republican in Congress, described the closed-door debate as "positive." House Republicans are focused on passing full-year appropriations bills for transportation, housing, urban development and financial services. The chamber has passed seven partisan Republican bills of the 12 spending measures needed. "What we need is bipartisan solutions," Representative Pete Aguilar, chair of the House Democratic conference, told reporters. Another option on the House Republican table would be to negotiate with the Democratic-led Senate on a "clean" CR that can pass both chambers quickly.

Persons: Mike Johnson, Nathan Howard, Everybody's, Brian Babin, Johnson, Dusty Johnson, Pete Aguilar, Eli Crane, Crane, Mike Garcia, David Morgan, Scott Malone, Stephen Coates, Leslie Adler Organizations: Republican, U.S, Capitol, REUTERS, Rights, . House, Democratic, Republicans, Democrats, Internal Revenue Service, House Democratic, Social Security, Thomson Locations: Washington , U.S, Israel, Ukraine, Mexico

Republican presidential candidate Vivek Ramaswamy speaks during the party's Florida Freedom Summit held at the Gaylord Palms Resort & Convention Center in Kissimmee, Florida, U.S., November 4, 2023. In an interview, Ramaswamy said he would formally introduce a pledge on Tuesday in Miami, on the eve of the third Republican primary date, laying out non-interventionist foreign policy principles. Ramaswamy's introduction of the pledge comes after weeks of sparring with fellow Republican presidential contender Nikki Haley, a former U.S. ambassador to the UN, over foreign policy. Ramaswamy has said Haley, who ranks third in most Republican primary polls, risks dragging America into a bloody conflict thanks to her aggressive foreign policy stances. According to polling and analysis website FiveThirtyEight, Ramaswamy has the support of 5% of Republican primary voters, while Trump is the lead with roughly 58% support.

Persons: Vivek Ramaswamy, Octavio Jones, Ramaswamy, Joe Biden, Nikki Haley, Haley, Donald Trump, Ron DeSantis, Chris Christie, Trump, Gram Slattery, Leslie Adler Organizations: Summit, Gaylord, Convention, REUTERS, Rights, Republican, Reuters, Democratic, UN, Republican Party, New, Thomson Locations: Florida, Kissimmee , Florida, U.S, Miami, Ukraine, Israel, New Jersey

☆ Kashkari: Fed has more work to do to control inflation
▼ + stars: | 2023-11-07 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, attends an interview with Reuters in New York City, New York, U.S., May 22, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Nov 6 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that the U.S. central bank likely has more work ahead of it to control inflation. “The economy has proved to be really resilient even though we’ve raised interest rates a lot over the past couple of years. Kashkari's comments suggested he is still leaning toward raising interest rates again. But with price pressures falling, many in markets believe the Fed is done with raising rates.

Persons: Neel Kashkari, Mike Segar, we’ve, Kashkari, Michael S, Leslie Adler, Matthew Lewis Organizations: Federal Reserve Bank of Minneapolis, Reuters, REUTERS, Fox News, Fed, Derby, Thomson Locations: New York City , New York, U.S, New York

☆ Senators urge US to take steps to boost battery production, citing China
▼ + stars: | 2023-11-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Workers are seen at the production line of lithium-ion batteries for electric vehicles (EV) at a factory in Huzhou, Zhejiang province, China August 28, 2018. REUTERS/Stringer/ File photo Acquire Licensing RightsWASHINGTON, Nov 6 (Reuters) - Two influential Democratic U.S. senators urged the Energy Department to take steps to boost U.S. battery manufacturing and next-generation battery research, citing China's dominance and export controls, according to a letter seen by Reuters. China dominates the global EV battery supply chain including production of graphite - the single largest component. The letter wants a committee briefing by Dec. 1 "on ongoing research and development of next-generation battery technologies." China accounts for 70% of the global production of lithium-ion batteries, the letter said, noting of five critical minerals required for most lithium-ion batteries, China "controls between 60-100% of the mining or refining for these minerals."

Persons: Stringer, Mark Warner, Joe Manchin, China's, Jennifer Granholm, David Shepardson, Leslie Adler, Stephen Coates Organizations: REUTERS, Rights, Democratic U.S, Energy Department, Reuters, Senate, Energy, Pentagon, Department of Defense, Thomson Locations: Huzhou, Zhejiang province, China, United States, Asia, U.S

☆ Bank of Canada voices concerns about variable rate mortgage products -Bloomberg News
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Senior Deputy Governor of the Bank of Canada Carolyn Rogers takes part in a press conference in Ottawa, Ontario, Canada October 25, 2023. REUTERS/Patrick Doyle/File Photo Acquire Licensing RightsNov 3 (Reuters) - The Bank of Canada has urged banks to reconsider offering variable rate mortgages with fixed payments, concerned about the number of borrowers faced with negative amortization of their loans. “I think you’ll see the industry reflect on how much they want to offer that product,” she addedMany variable rate mortgages in Canada require borrowers to make regular payments in fixed amounts. You don’t want a big portfolio of negative amortizing mortgages," Rogers said. Money markets see little chance of further tightening by the BoC and have moved to price in a rate cut by June.

Persons: Bank of Canada Carolyn Rogers, Patrick Doyle, ”, Carolyn Rogers, “, Rogers, Fergal Smith, Gursimran Kaur, Chris Reese, Leslie Adler Organizations: Bank of Canada, REUTERS, Bloomberg News, BoC, Thomson Locations: Ottawa , Ontario, Canada, Toronto, Bengaluru

"I seeded my campaign with capital because I had to," Phillips, 54, told Reuters in an interview on the sidelines of an event at Manny's, a meeting space in San Francisco. "I will be in Los Angeles and San Francisco, and I'll be going to New York and Chicago, and Miami and larger cities to raise resources and campaign," Phillips said. Phillips said he did not know exactly how much he had raised since launching his campaign. "I think Joe Biden is a good man but he's been doing this for 50 years," Phillips told a crowd of several dozen in San Francisco. (This story has been refiled to clarify that the loan is for Dean Phillips' campaign in paragraph 1)Reporting By Alexandra Ulmer; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Dean Phillips, Reba Saldanha, Joe Biden, " Phillips, Phillips, Biden, Donald Trump, he's, Alexandra Ulmer, Leslie Adler Organizations: Democratic, U.S, statehouse, REUTERS, Thursday, Reuters, Republican, Thomson Locations: Concord , New Hampshire, U.S, San Francisco, Minnesota, Los Angeles, New York, Chicago, Miami

Search resuls for: "Leslie Adler"

25 mentions found