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The trial for the Cantlay/Harper case, which was set to begin on Nov. 13, will now be dismissed, GSK said, adding it had also settled three remaining breast cancer cases in California related to the same drug. The latest settlements in California were related to cases due to go to trial in November, with a further set scheduled to begin in Delaware courts in January, GSK said. The company still faces about 79,000 cases related to Zantac in the United States, with 73,000 of them in Delaware. GSK did not admit any liability and said it would vigorously defend itself in any other Zantac cases. In June, GSK agreed to settle a similar lawsuit in California.

Persons: Harper, Brendan McDermid, Morgan, Jeffries, Zantac, Boehringer Ingelheim, Eva Mathews, Maggie Fick, Nivedita Bhattacharjee, Bernadette Baum, Louise Heavens, Emelia Organizations: pare, Citi, GSK, Reuters, REUTERS, Barclays, Pfizer, Sanofi, FDA, Thomson Locations: California, British, Delaware, United States, Arexvy, California . California, Bengaluru, London

"I'm very, very lucky because I wouldn't have had the courage to go and do that acquisition, but I give all the credit in the world to Dave Clark," Petersen said. "There's a perfect complement of skill sets," Petersen told Forbes in June 2022. Petersen told Clark he should engage with Shopify's team, according to a person with direct knowledge of the negotiations. Clark, Petersen and Wagers met in Texas in mid-August to fine-tune the forecasts. Flexport told CNBC that an employee's politics are not relevant in personnel decisions.

Persons: Dave Clark, Ryan Petersen, he'd, Petersen, Clark, excoriated Clark, we've, Clark wasn't, Jeff Bezos, It's, Flexport, Clark overspent, Flexport's, He'd, Sanne Manders, Dave, Shopify, Tobias Lutke, Lutke, Shopify's, glanced, didn't, Fund's Trae Stephens, Michael Ronen, SoftBank, Andreessen Horowitz, Bob Swan, Samyukta Lakshmi, Kenny, Stuart Leung, pare, Leung, —, Lindsey Wasson, Clark's, Stephens, Peter Thiel, Trump's, Petersen's, Sen, Joe Manchin, Chris Ferro, Ferro, Parisa Sadrzadeh, couldn't, Amazon, Sadrzadeh, Burak Yolga, Yolga, Nelly Organizations: North, Amazon, Twitter, CNBC, UPS, FedEx, Milken Institute Global Conference, Bloomberg, Getty, Forbes, Deliverr, Shopify's, Anduril Industries, Intel, Intel Corp, U.S ., Clark, Republican, Founders Fund, Democratic, Street Journal, Flexport Locations: Phoenix, Silicon, Clark, Beverly Hills , California, U.S, Flexport, Deliverr, Miami, Flexport's Bellevue , Washington, Bengaluru, India, Flexport's, Asia, U.S . West Coast, Texas, Ohio, Arizona, Thiel's, West Virginia, Seattle, integrations

PARIS (AP) — Valentino took a sentimental journey to Les Beaux-Arts this Sunday, revisiting the prestigious Parisian art school where its founder, Valentino Garavani, was once a student. Dive into the highlights of this Spring/Summer 2024 ready-to-wear collections from Paris, including the end of an era at Alexander McQueen as its lauded designer Sarah Burton presented her final show. Strategically positioned boxes filled with rocks, sand, and earth transformed into platforms for a troupe of sinewy, scantily clad contemporary dancers. Her task had always been titanic – to step into shoes left empty by the enigmatic genius of Lee Alexander McQueen. From the profound artistry of Kate Middleton’s wedding gown – a garment that transcended royal expectations – to her final collection’s poignant motifs, Burton proved her mettle time and again.

Persons: — Valentino, Les, Valentino Garavani, Alexander McQueen, Sarah Burton, VALENTINO, Pierpaolo, pare, Lee Alexander McQueen, Burton, Magdalena Abakanowicz’s, Kate Middleton’s, –, Naomi Campbell, Cate Blanchett, Elle Fanning Organizations: PARIS, Les Beaux, Beaux, Arts Locations: Paris, Polish

On the heels of that decision, a federal appeals court invalidated a federal law that bars an individual who is subject to a domestic violence restraining order from possessing a firearm. A three-judge district court panel struck down the plan in January, saying that race had been the predominant motivating factor. Three years ago, the Supreme Court limited the independence of the CFPB by invalidating its leadership structure. The court’s decision could impact whether the SEC and other agencies can conduct enforcement proceedings in-house, using administrative courts staffed with agency employees, or whether such actions must be brought in federal court. “It’s difficult to think of any other recent First Amendment cases in which the stakes were so high,” Jaffer added.

Persons: Clarence Thomas, ”, Biden, Zackey Rahimi, John Roberts, Taiwan Scott, Thomas, Elizabeth Prelogar, Magnuson, Paul Clement, ” Clement, “, pare, George Jarkesy, Sackler, ” Prelogar, Jameel Jaffer, Jaffer Organizations: CNN, Gun Safety, South Carolina’s Republican, South Carolina State Conference of, NAACP, Democrat, Republican, National Marine Fisheries Service, Chevron, Natural Resources Defense, Stevens Fishery Conservation, Management, Independent, Consumer Financial, Federal Reserve, US, Federal Deposit Insurance Corporation, Securities, Exchange, US Securities and Exchange Commission, SEC, Social Security Administration, Circuit, Historic Purdue Pharma, Purdue Pharma, Sackler, Purdue, Facebook, YouTube, Columbia University’s Locations: United States, South Carolina, Alabama, Taiwan, Charleston County, Chevron, Florida, Texas

☆ Mid-Autumn Festival holidays: Millions of Chinese tourists are going on holiday again -- many headed for Thailand
▼ + stars: | 2023-09-29 | by ( Kathleen Magramo Kocha Olarn Berry Wang Carina Cheng | Kathleen Magramo | Kocha Olarn | ) edition.cnn.com time to read: +9 min

Only 2.2 million Chinese travelers arrived between January and September 10 this year, according to data from the Tourism Authority of Thailand. Thai Prime Minister Srettha Thavisin greeted travelers on the first day of the government's visa-free scheme for Chinese tourists. “Competition is really intensifying in the region to attract Chinese tourists amongst all countries, and you have to make it as easy as possible,” said Bowerman. Chinese tourists pray in front of Thai dancers at the Erawan Shrine in Bangkok, Thailand on September 22, 2023. Rumors, film complicate efforts to lure back touristsPrior to the announcement of the visa-free policy this month, Chinese tourists had been slow to return to Thailand.

Persons: Srettha Thavisin, It’s, ” Sretta, “, Chiang, Wang Wenbin, Peerapon Boonyakiat, pare, Gary Bowerman, ”, Bowerman, Huang, “ I’ve, coronavirus, Trip.com, Jin Junhao, Joanna Lu, Anusak, Wolfgang Georg Arlt, “ There’s, Thailand ”, Sisdivachr Cheewarattanaporn Organizations: CNN, China’s, Tourism Authority of, Thai, Civil Aviation Administration, China Railway, Asia, Tourism Research Institute, Thailand’s Ministry of Tourism, Sports, Thai Travel Agents Association Locations: China, Shanghai, Bangkok’s, Chiang Mai, Bangkok, Pattaya, Phuket, ”, Beijing, Thailand, Southeast Asia, Tourism Authority of Thailand, Asia, Sichuan, South Korea, Malaysia, Singapore, Australia, United Kingdom, Erawan, Myanmar, Cambodia, Weibo

☆ Supreme Court charts rightward path in new term
▼ + stars: | 2023-09-28 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

People line up in the rain outside of the U.S. Supreme Court in Washington April 29, 2014. Circuit Court of Appeals, whose staunch conservatism rivals that of the Supreme Court. The justices this term could hear five or more appeals of 5th Circuit rulings. The cases test whether the Supreme Court will go as far as the 5th Circuit. "My instinct is that the Supreme Court will not go this far in most of these cases," Chemerinsky said.

Persons: Gary Cameron, Joe Biden's, Amy Coney Barrett, Donald Trump's, Erwin Chemerinsky, Chemerinsky, Roman Martinez, John Roberts, pare, Martinez, Steve Schwinn, Schwinn, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Financial Protection Bureau, Securities and Exchange Commission, SEC, Democratic, New, Circuit, Republican, University of California Berkeley Law, Constitution, Congress, University of Illinois, Thomson Locations: Washington, New Orleans, U.S, University of Illinois Chicago, Texas, New York

☆ Guns, agency power cases loom as US Supreme Court charts rightward path
▼ + stars: | 2023-09-28 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

People line up in the rain outside of the U.S. Supreme Court in Washington April 29, 2014. Circuit Court of Appeals, whose staunch conservatism rivals that of the Supreme Court. The cases test whether the Supreme Court will go as far as the 5th Circuit. "My instinct is that the Supreme Court will not go this far in most of these cases," Chemerinsky said. "I think the 5th Circuit has taken positions that the most conservative justices will accept, but I would be surprised to see a majority for these positions."

☆ iPhone 15 hits shelves around the world. Here’s what you need to know
▼ + stars: | 2023-09-22 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

People look at the new iPhone 15 as Apple's new iPhone 15 officially goes on sale across China, at an Apple store in Shanghai, China September 22, 2023. The iPhone 15 Pro starts at $1,099, and the iPhone 15 Pro Max starts at $1,199. To start, the iPhone 15 Pro and iPhone 15 Pro Max now feature a titanium casing, allowing the design to be slimmer and thinner than before. The iPhone 15 comes in 5 colors (white, black, pink, green and yellow) and in two sizes: A 6.1-inch screen for the iPhone 15 and 6.7 inches for iPhone 15 Pro. After Apple's announcement of the iPhone 15 series on September 12, including the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max, the highly anticipated lineup is now available for in-store pickup starting today.

Persons: Aly Song, Max, Here’s, Mohamad Dabbous, Apple, Leon Neal, pare Organizations: CNN, Wedbush Securities, Pro Max, Apple, Citizens, Anadolu Agency, Getty, European Union Locations: China, Europe, Shanghai, Doha, Qatar, London, England

This was reversed in August as strong crude imports and steady domestic output outweighed the record refinery processing rates. This was up 19.6% from the same month in 2022 and also stronger than July's 14.87 million bpd. Crude imports were 12.43 million bpd in August, the third-highest daily rate on record and up 20.9% from July and 30.9% from August last year. Subtracting processing of 15.23 million bpd leaves a surplus of 1.32 million bpd that flowed into storage tanks. The question is how will China's refiners respond to the higher crude oil prices?

Persons: shouldn't, China doesn't, China's, refiners, Sam Holmes Organizations: National Bureau of Statistics, Brent, Saudi, Reuters, Thomson Locations: LAUNCESTON, Australia, China, OPEC, pare, Iran, Russia, Venezuela

☆ The most insidious part of online shopping is about to get even worse
▼ + stars: | 2023-09-14 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

Companies are just baking all those fees into the total price — making the hidden fees even more hidden. On the first page, you see the ticket price. I have never seen a good justification of what I'd call mandatory hidden fees. The Canadian government is also looking to pare down hidden fees. After all, Mahoney told me, "I have never seen a good justification of what I'd call mandatory hidden fees."

Persons: I'd, Neale Mahoney, Joe Biden's, Mahoney, Marcos Villaoslada, Sara Fisher Ellison, Ellison, Harold Hill, obfuscation, you've, Vicki Morwitz, Morwitz, — they've, StubHub, Laura Dooley, StubHub's, pare, Michael Negron, —, they're, Joe Biden, Alex Wong, Maggie Rogers, she'd, Audrey Fix Schaefer, Juliana Kaplan Organizations: Stanford University, White, Economic Council, Europa Press, Getty, MIT, Columbia Business School, YouGov, Ticketmaster, National Economic Council, NPR, Federal Trade Commission, I.M.P, Independent, Association Locations: New York, upsell, Europe, Washington ,

☆ Former SEC Chair Clayton: U.S. not done a lot of work on economic consequences of a China decoupling
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC Chair Clayton: U.S. not done a lot of work on economic consequences of a China decouplingJay Clayton, former SEC chair, joins 'Squawk Box' to discuss whether Clayton believes companies should pare back their engagement with China, whether the U.S. needs a contingency plan for a China decoupling, and more.

Persons: Jay Clayton, Clayton, pare Organizations: SEC, Clayton Locations: U.S, China

☆ Matt Gaetz says he's going to try to oust Kevin McCarthy from the speakership 'every single day'
▼ + stars: | 2023-09-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Matt Gaetz is threatening Kevin McCarthy with motion to vacate votes for the House speakership. Gaetz on Tuesday remarked that McCarthy wasn't pursuing conservative reforms as he had promised. I don't anticipate them passing immediately," Gaetz told reporters of potential votes for McCarthy's ouster. And during a Tuesday evening appearance on CNN, Gaetz reiterated his calls for motion to vacate votes against McCarthy absent conservative reforms that the congressman has sought. "The motion to vacate question is a hypothetical one that's not before us," the New York Democrat told reporters on Tuesday.

Persons: Matt Gaetz, Kevin McCarthy, Gaetz, McCarthy, Hakeem Jeffries, Matt Gaetz hasn't, Joe Biden, Abby Phillip, pare, Phillip, We've Organizations: Service, California Republican, Florida Republican, CNN, of Education, Department of Labor, New York Democrat Locations: Wall, Silicon, Florida

☆ Here’s why Apple’s charger switch is such a big deal
▼ + stars: | 2023-09-13 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —Apple retired its Lightning charger on Tuesday exactly 11 years to the day it was first announced. The EU’s decision is part of a greater effort to tackle e-waste overall, but could it generate more in the short term as people phase out their Lightning cables. But knockoffs abound, and some USB-C chargers are much safer than others. Among CNN Underscored’s top recommendations for USB-C chargers are from big brands, including Anker, Belkin, Apple, Amazon and Google. Retiring the Lightning cable could even generate, in the short term, a surge of e-waste as iPhone users toss their useless Lightning cables in a drawer.

Persons: CNN —, pare, ”, Ben Wood, Apple’s, Greg Joswiak, ” Joswiak, David McQueen, ” McQueen, Thomas Husson, Anker, Belkin, ” Wood, Apple Organizations: CNN, CNN — Apple, Apple, European Union, CCS Insight, ABI Research, Forrester Research, Google Locations: EU

☆ Wonderlust: Apple set to unveil new iPhone 15 at event
▼ + stars: | 2023-09-12 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —Apple is expected to debut its iPhone 15 lineup Tuesday at the company’s annual September keynote event, and it could introduce the biggest change to the phone’s design in 11 years. Other iPhone 15 featuresThe entire iPhone 15 lineup is rumored to get the “Dynamic Island” feature — an interactive home for alerts, notifications and various controls — that replaces the notch on top of the screen. Although there are few other rumors circulating about its entry-level iPhone models, the iPhone 15 Pro and 15 Pro Max models are expected to get a handful of new features, according to a Bloomberg report. What not to expectWith the new iPhone expected to take center stage, many analysts don’t anticipate Apple will release new iPads or Mac computers until October. And despite rivals Samsung and Google doubling down on foldable devices, Apple is still not expected to unveil a similar version this fall.

Persons: Apple, pare, ”, Ben Wood, Apple’s, Greg Joswiak, Max, Yoram Wurmser, “, It’s Organizations: CNN, Apple, European Union, CCS Insight, Bloomberg, Vision, Insider Intelligence, Apple Watch, Samsung, Google Locations: Cupertino , California, EU

☆ Wonderlust: What to expect at Apple's iPhone 15 event
▼ + stars: | 2023-09-10 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —Apple is expected to debut its iPhone 15 lineup Tuesday at the company’s annual September keynote event, and it could introduce the biggest change to the phone’s design in 11 years. Other iPhone 15 featuresThe entire iPhone 15 lineup is rumored to get the “Dynamic Island” feature — an interactive home for alerts, notifications and various controls — that replaces the notch on top of the screen. Although there are few other rumors circulating about its entry-level iPhone models, the iPhone 15 Pro and 15 Pro Max models are expected to get a handful of new features, according to a Bloomberg report. It’s also likely to announce launch dates for its next-generation operating systems for the iPhone, iPads, Mac computers and Apple Watch. What not to expectWith the new iPhone expected to take center stage, many analysts don’t anticipate Apple will release new iPads or Mac computers until October.

As Telefonica's rivals slashed prices to attract internet users, the Spanish company also borrowed to invest in new mobile and internet networks. But the secrecy with which STC (7010.SE) built its stake did catch some observers off guard, the person said. Telefonica said it was informed Tuesday about STC'S investment, after the companies had become more acquainted in recent months. STC sought to keep the stake under wraps until it could buy at least 9.9% of Telefonica, the person said. Middle Eastern investors have been taking stakes in Spanish companies for some time.

Persons: Violeta Santos Moura, Jose Maria Alvarez, Pallete, Alvarez, Prince Mohammed bin Salman's, UGT, Morgan Stanley, Linklaters, Motaz Al Angari, Al Angari, pare, EFG Hermes, Nadia Calvino, Inti Landauro, Tomas Cobos, Amy, Jo Crowley, Pablo Mayo, John O'Donnell, Anousha, Elisa Martinuzzi, David Gregorio, Ros Russell Organizations: Spanish Telecom, REUTERS, Rights, Telefonica, STC Group, STC, Saudi Arabia's Public Investment Fund, Foresight, Saudi, United Arab, Vodafone, Thomson Locations: Madrid, Spain, Rights DUBAI, MADRID, Silicon Valley, Saudi, Riyadh, Telefonica, Saudi Arabia, Spanish, Latin America, theocracies, United Arab Emirates, Iberdrola, Davos, Gulf, London

☆ Apple's new iPhone 15 may swap out the Lightning cable for the USB-C charging standard
▼ + stars: | 2023-09-08 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Apple is set to unveil the iPhone 15 in just a few days, and it’s widely expected to come with a significant change. The iPhone 15 is heavily rumored to ditch Apple’s proprietary Lightning charger in favor of USB-C charging, marking a milestone for the company by adopting universal charging. That’s because Apple (AAPL) has previously switched its iPads and MacBooks to USB-C charging. It’s currently unclear if the shift to USB-C will happen for all new iPhone 15 models or only for Pro devices. The iPhone 15 devices are expected to ship with a new cable in the box, but considering many mobile devices already use USB-C, including Apple’s own iPads and MacBooks, access to charging wires shouldn’t be too hard or costly.

Persons: pare, ”, Ben Wood, Apple’s, Greg Joswiak, ” Joswiak, David McQueen, ” McQueen, Thomas Husson, ” Wood, McQueen, “ Organizations: CNN, Apple, European Union, CCS, ABI Research, Forrester Research Locations: EU

☆ NASA spent billions on its SLS mega-rocket to take humans to the moon. It finally admitted it is 'unaffordable.'
▼ + stars: | 2023-09-08 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +8 min

NASA officials have said their SLS mega-rocket program is "unaffordable." Officials agree the SLS budget "needs to be improved," but it's not clear how, per a government report. The exact costs are unclearThe GAO says NASA has spent $11.8 billion since 2011 on the development of the integrated SLS rocket. NASA's SLS rocket and Orion spacecraft shown here being rolled of their assembly building ahead of the Artemis I mission. NASA's SLS is an anomalyPart of the criticism for the SLS program is that it sticks out as a "bit of an anomaly" in NASA's latest approach to project development, Rosseau previously said.

Persons: Artemis, Brendan Rosseau, Joel Kowsky, NASA's, Rosseau, it's, SLS's, pare, they've, Eric Berger, Paul Martin, Berger, Blue Origin's Organizations: NASA, Service, Orion, SLS, Office, GAO, Planetary Society, Elon, SpaceX, Harvard Business School, Origin, SpaceX's, SpaceX NASA, Ars Technica Locations: Wall, Silicon

☆ Column: US wind power generation breaks out of summer doldrums
▼ + stars: | 2023-09-08 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

REUTERS/Nick Oxford/File Photo Acquire Licensing RightsLITTLETON, Colorado, Sept 8 (Reuters) - After months of low wind speeds in several key wind farm areas, U.S. wind power generation hit its highest levels in nearly five months in early September as wind speeds picked up. The remaining states recorded an average wind generation drop of 7.1%, which contributed to a 3.1% decline in total national wind generation in the January to May period. The shortfalls in wind power have been evident in the output data of major U.S. power pool markets. Reuters Image Acquire Licensing RightsAs these markets cover over 30 U.S. states as well as the areas with the largest concentrations in wind power generation in the United States, the declines in wind power in these power pools had a direct impact on national level wind output, with knock-on effects for power generation mixes across the country. Similarly, any sustained recoveries in wind power generation totals from these key areas will lead to a commensurate rebound in U.S. power generation totals, and may allow for utilities to pare back use of natural gas and other sources of power to make way for more non-emitting wind power supplies.

Persons: Nick Oxford, Ember, El Nino, Gavin Maguire, Shri Navaratnam Organizations: REUTERS, LSEG, Reuters, Reliability, of Texas, El, Climate Impact, National Oceanic, Atmospheric Administration, U.S, Thomson Locations: Big Spring , Texas, U.S, LITTLETON , Colorado, Texas, Texas , Iowa , Oklahoma , Kansas , Illinois, North Dakota, United States, pare, El Nino

☆ Column: India milestone shows its power emissions will surpass Europe's permanently
▼ + stars: | 2023-09-07 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +4 min

High-tension power lines are pictured outside a Tata Power sub station in the suburbs of Mumbai, India, August 8, 2017. At the same time, India's power emissions climbed 4.5% to new highs on the back of record use of high-polluting coal, which generates roughly 75% of India's electricity. SOFT PATCH/HIGH POINT OVERLAPDuring the April-June window, when India's emissions exceeded Europe's, India's total power use levels rose on high demand for air conditioning in the hottest months of the year. These conflicting approaches to energy sector management reflect the starkly different developmental phases of each market. India's government has established ambitious long-term goals for boosting renewable energy generation and lowering power sector emissions.

Persons: Shailesh Andrade, RC1F247F86F0, Gavin Maguire, Muralikumar Organizations: Tata Power, REUTERS, Union, Spain, Reuters, Thomson Locations: Mumbai, India, LITTLETON , Colorado, Europe, pare, Ukraine

He learned Saudi Arabia's largest telecoms operator, STC Group, aimed to be Telefonica's biggest shareholder, with an interest of 9.9%. The move is a vote of confidence in Telefonica, burdened by billions of dollars in debt while STC gains expertise to modernize Saudi telecoms infrastructure. As Telefonica's rivals slashed prices to attract internet users, the Spanish company also borrowed to invest in new mobile and internet networks. STC sought to keep the stake under wraps until it could buy at least 9.9% of Telefonica, the person said. Middle Eastern investors have been taking stakes in Spanish companies for some time.

Persons: Violeta Santos Moura, Jose Maria Alvarez, Pallete, Alvarez, Prince Mohammed bin Salman's, UGT, Morgan Stanley, Linklaters, Motaz Al Angari, Al Angari, pare, EFG Hermes, Inti Landauro, Tomas Cobos, Amy, Jo Crowley, Pablo Mayo, John O'Donnell, Anousha, Elisa Martinuzzi, David Gregorio Our Organizations: Spanish Telecom, REUTERS, Rights, Telefonica, STC Group, STC, Saudi Arabia's Public Investment Fund, Foresight, Saudi, United Arab, Vodafone, Thomson Locations: Madrid, Spain, Rights DUBAI, MADRID, Silicon Valley, Saudi, Riyadh, Telefonica, Saudi Arabia, Spanish, Latin America, theocracies, United Arab Emirates, Iberdrola, Davos, Gulf, London

☆ Dollar to stay bright this year before fading in 2024, analysts say: Reuters poll
▼ + stars: | 2023-09-07 | by ( Sarupya Ganguly | ) www.reuters.com time to read: +3 min

Backed by a strong economy and rising U.S. Treasury yields, some of the highest among developed economies, the dollar despite bouts of weakness has stayed resilient against most major currencies. That strong performance has brought the long-held view of a weaker dollar in the short to medium term under review. A solid 81% majority of analysts, 43 of 53, who answered an additional question said the risk to their dollar outlook was to the upside, the Sept. 1-6 Reuters poll showed. Elsewhere, other Asian currencies stand to face significant friction in recouping losses for the year, according to the poll. Almost all were forecast to at best stay within a range or trade modestly higher against the dollar in coming months.

Persons: Jane Foley, Lee Hardman, pare, Sterling, Sarupya Ganguly, Sujith Pai, Devayani, Pranoy, Hari Kishan, Andrea Ricci Organizations: Treasury, . Federal, Rabobank, Argentine, Thomson Locations: BENGALURU, China, America, Brazilian

Chartbook: Global container freightIn the United States, the volume of container trade handled through the nine largest ports in July was the lowest for the time of year since 2017. The volume of container freight hauled on the major railroads in June was the lowest for the time of year since 2012. Container trade through the port of Singapore, a major transshipment point for the region, has climbed to record levels. Rising share prices would be consistent with an improving outlook for global trade, but the evidence for it so far is limited. Related columns:- Global container freight stuck in doldrums (June 23, 2023)- Global freight shows signs of bottoming out (April 27, 2023)John Kemp is a Reuters market analyst.

Persons: Mike Segar, pare, Korea’s, John Kemp Organizations: REUTERS, Manufacturers, Economic, Heathrow, China’s, Global, Thomson, Reuters Locations: Port Elizabeth , New Jersey, U.S, North America, Europe, Netherlands, United States, Japan, Narita, United Kingdom, Asia, Singapore, doldrums

☆ EV, energy storage battery prices set to fall more - report
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

A slide in prices of EV batteries could help the industry cushion profits from a price war started by Tesla (TSLA.O) in January to stoke demand. Prices for battery materials hit record highs during the pandemic as lower borrowing costs buoyed EV demand, but they have been falling since. The average price drop for cells used in EV batteries reached 10%, "highlighting an uninspiring growth pattern in the EV battery market", the research firm said. LFP batteries, widely used for energy storage and inexpensive EVs, were developed in the United States, but China now dominates global production. Prices for batteries used in energy storage have also slid due to weak demand outside of China, forcing battery makers to pare back production to buoy prices.

Persons: TrendForce, EVs, pare, Akash Sriram, Devika Organizations: EV, Tesla, stoke, Consumer, Battery, Thomson Locations: United States, China, EVs, Bengaluru

☆ Blinken visits Ukraine in show of support, says it needs 'strong deterrent'
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +5 min

[1/5] Ukraine's Foreign Minister Dmytro Kuleba greets US Secretary of State Antony Blinken before a meeting at the Ministry of Foreign Affairs in Kyiv, Ukraine on September 6, 2023. During his two-day visit, Blinken is likely to announce a new package of U.S. wartime assistance worth more than $1 billion, a senior State Department official told reporters on the trip. "We want to make sure that Ukraine has what it needs, not only to succeed in the counteroffensive, but has what it needs for the long term, to make sure that it has a strong deterrent," Blinken said standing alongside Kuleba. "We're also determined to continue to work with our partners as they build and rebuild a strong economy, strong democracy." During his train ride to Kyiv, Blinken also held talks with Danish Prime Minister Mette Frederiksen - coincidentally visiting the same day.

Persons: Dmytro Kuleba, Antony Blinken, Zelenskiy, Washington, Blinken, Volodymyr Zelenskiy, We're, Kuleba, Dmitry Peskov, Rustem Umerov, Oleksii Reznikov, Mette Frederiksen, Frederiksen, Matthew Miller, Joe Biden, Donald Trump, pare, Humeyra Pamuk, Tom Balmforth, Timothy Heritage, Angus MacSwan, Peter Graff Organizations: Ministry of Foreign Affairs, Russian, State Department, U.S, Kyiv, Media, Ukrainian, Blinken's, Danish, Department, Republican, Reuters, Washington, Thomson Locations: Kyiv, Ukraine, Kyiv Ukraine, U.S, Blinken, Russian, Moscow, Washington, Ukrainian, UKRAINE, Denmark, Netherlands

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