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☆ The UFO shoot-downs show the hardest part of discovering alien life may be announcing it. Here's how NASA might break the news.
▼ + stars: | 2023-02-18 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

Extraterrestrial life likely wouldn't show up as flying objects, but finding it could cause similar chaos. An illustration of the CoLD scale for determining confidence in a detection of alien life. The president or other countries could be involved in announcing extraterrestrial life existsPresident Joe Biden speaks at Delaware State University. Anna Moneymaker/Getty ImagesAnnouncing the existence of alien life would be an "administration-level" affair, Glaze said, referring to the US presidency. Needless to say, any discovery of alien life would likely lead to chaos — at least in public discourse.

☆ Mexico's America Movil projects $8 bln to $8.2 bln investment in 2023
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Feb 15 (Reuters) - Mexican telecommunications firm America Movil expects to invest between $8 billion and $8.2 billion in 2023, which includes radio-frequency concessions, fiber-optic network expansions and digitalization, a company executive said Wednesday. The estimate is in line with the company's plan to invest $24 billion over three years, Chief Financial Officer Carlos Garcia said in a call with analysts. The firm, controlled by the family of billionaire Carlos Slim, saw its fourth-quarter profit slide by 90%, it reported Tuesday. America Movil expects to enact price hikes in 2023, though it is still evaluating which countries will see the increases, executives said Wednesday on the call. Reporting by Kylie Madry, Aida Pelaez-Fernandez and Cassandra Garrison Editing by Caitlin WebberOur Standards: The Thomson Reuters Trust Principles.

☆ A top oil analyst explains Europe’s new fuel sanctions on Russia and how that impacts global energy markets
▼ + stars: | 2023-02-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The flow of crude oil is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA Carlos Garcia Rawlins/ReutersMatt Smith is the lead oil analyst at Kpler. Phil Rosen: This week the EU has new sanctions and a price cap kicking in on Russian oil products, such as diesel. MS: They're one of the leading producers and leading exporters in the world, so we shouldn't expect that to change. What will influence this is how long this war goes on, and how detrimental that is to its energy industry. Demand for cardboard boxes has dropped to levels not seen since the 2008 financial crisis.

[1/2] An oil tanker is docked while oil is pumped into it at the ships terminal of PDVSA's Jose Antonio Anzoategui industrial complex in the state of Anzoategui April 15, 2015. It reinforces measures implemented last year after several buyers skipped out on payments for oil, which provides most of the South American country's income. After taking the helm, Tellechea launched an extensive audit of supply contracts, according to a written order to PDVSA seen by Reuters. The new terms narrow a wide variety of contract modalities to a few requiring prepayment of cargoes entirely in cash or allowing payment via goods and services to Venezuela, but they must be received before Venezuela will release the oil, according to the documents. Even long-term buyers must abide by the new rules that require payment in full by cash before each oil delivery.

Exports also benefited from the restart of a PDVSA-Chevron crude upgrader at their Petropiar joint venture in the Orinoco Belt. Nearby, one of Petrolera Sinovensa's two crude blending plants operated by PDVSA and China National Petroleum Corporation (CNPC) also resumed work. Venezuelan PDVSA's crude processing facilities restarted operations after outages and a lack of diluents, leading to a sale increase in November. PDVSA also sent about 38,000 bpd of crude, fuel oil and gasoline blend stock to key political ally Cuba. Another Iran-flagged tanker in Venezuela, the Huge, is also expected to navigate back carrying fuel oil for NICO this month as part of an oil swap with PDVSA, according to the documents.

☆ SoftBank-backed Kavak lays off staff, makes 'significant' cuts -internal email
▼ + stars: | 2022-11-25 | by ( Valentine Hilaire | ) www.reuters.com time to read: +2 min

[1/2] An employee checks a car at used autos platform Kavak in Mexico City, Mexico, August 25, 2020. REUTERS/Edgard GarridoMEXICO CITY, Nov 25 (Reuters) - Mexican online used-car dealership Kavak has made significant spending cuts and laid off staff as it prepares for a challenging 2023, according to an internal email sent Friday and seen by Reuters. Carlos Garcia, the start-up's chief executive, said in the email that Kavak has made "significant cuts in expenditure ... reducing the size of the team accordingly." The email did not specify what regions were affected by the cuts or the number of people laid off. A company spokesperson confirmed the email had been sent but declined to provide additional details.

☆ Brazil's Embraer narrows Q3 net loss, sees deliveries at lower end of outlook
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Nov 14 (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) on Monday reported a narrower third quarter net loss and boosted its free cash flow outlook for the full year, but acknowledged that annual deliveries were likely to stay at the lower end of its forecast. Embraer posted a quarterly adjusted net loss of 93.8 million reais ($17.62 million), narrower than the 179.7 million-real loss a year ago despite net revenue dropping 3% to 4.87 billion reais. The company increased its free cash flow outlook for the full year to $150 million or more from a previous estimate of $50 million or more, saying results so far have outperformed initial expectations. Santander analysts said the results missed their projections, but the reaffirmed delivery outlook was positive given the risks from supply chain issues. ($1 = 5.3250 reais)Reporting by Gabriel Araujo; Editing by Steven Grattan, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

"We will definitely work all out to adjust our production capacity and output, so there is no impact on demand for these two holidays," Liu said. On Wednesday, Foxconn said it would continue production in Zhengzhou under a "closed loop" system, where staff live and work on-site in a bubble isolated from the wider world. "Of course there may be other factors that require the reconfiguration of production capacity, such as geopolitics," Liu said. Having said on Monday it would "revise down" its fourth quarter outlook given the situation in Zhengzhou, Foxconn said revenue in the final three months of this year would be flattish. read moreReuters last month reported that Foxconn's production of Apple's iPhones at the Zhengzhou factory could slump by as much as 30% in November due to tight COVID-19 restrictions.

REUTERS/Carlos Garcia Rawlins/File PhotoHOUSTON, Nov 9 (Reuters) - A grounded oil supertanker under U.S. Treasury Department sanctions being refloated in Indonesia is filled with Venezuelan fuel, according to vessel monitoring services. Treasury's Office of Foreign Assets Control last week imposed sanctions on the stranded tanker, Young Yong, for its part in an international oil smuggling network that Washington said supports Hezbollah and Iran's Quds Force. Both tankers had departed between late July and early August carrying fuel oil supplied by Venezuela's state-run oil firm PDVSA, according to internal company documents seen by Reuters and TankerTrackers.com, which confirmed the vessels' identities. The Panama-flagged Eagle Brenda, identified on PDVSA shipping schedules as "Eagle I," also carried some 1 million barrels of Venezuelan fuel oil, the documents showed. The tanker was in Venezuelan waters at least twice since last year, where it loaded Venezuelan crude and fuel for exports, according to PDVSA's schedules and TankerTrackers.com.

☆ Foxconn ramps up EV push with stake in U.S. truck maker Lordstown
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Carlos Garcia Rawlins/File PhotoNov 8 (Reuters) - Foxconn, the world's biggest contract electronics maker, has extended its drive into electric vehicle (EV) business with a deal to take a near-20% stake in loss-making U.S. electric truck maker Lordstown Motors Corp (RIDE.O) for up to $170 million. It said on Tuesday the latest deal would deepen Lordstown's ties with Foxconn's EV development platform MIH, or Mobility in Harmony. Lordstown Chief Executive Officer Edward Hightower, speaking via video at an MIH event in Taipei, said the truck maker and Foxconn were eyeing production for other original equipment manufacturers, or OEMs, as well. Foxconn shares traded up 0.5% on Tuesday. Lordstown CEO Hightower said the vehicle maker aims to deliver the first Endurance trucks to customers in the current quarter.

☆ EXCLUSIVE Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source
▼ + stars: | 2022-10-31 | by ( Yimou Lee | ) www.reuters.com time to read: +3 min

[1/2] The logo of Foxconn is pictured on top of the company's headquarters in New Taipei City, Taiwan October 31, 2022. A second person familiar with the situation said many workers remained at the Zhengzhou plant and that production was continuing. Foxconn on Oct. 19 banned dining at canteens at the Zhengzhou plant and required workers to eat meals in dormitories. Foxconn has not disclosed whether any workers at the Zhengzhou site had been diagnosed with COVID-19. Authorities have since Oct. 19 reported 264 locally transmitted COVID-19 cases in Zhengzhou, the capital of central Henan province.

☆ China needs $17 trillion in investments to meet climate goals, World Bank says
▼ + stars: | 2022-10-12 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

A student stands on a sports field shrouded in smog on a polluted day in Beijing, China on March 10, 2021. REUTERS/Carlos Garcia Rawlins/File PhotoWASHINGTON, Oct 12 (Reuters) - China needs up to $17 trillion in additional investments for green infrastructure and technology in the power and transport sectors to reach net-zero emissions by 2060, a new World Bank report on China's climate and development challenges found. The report, one of a new series of Country Climate and Development Reports, said China - the world's second-largest economy - would need private investment to cover the immense price tag and unleash the needed innovations. It would also be impossible to reach global climate goals without China transitioning to a low-carbon economy, the report said, noting that China emits 27% of global carbon dioxide and a third of the world's greenhouse gasses. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ SoftBank-backed tech unicorn Kavak expands in Middle East
▼ + stars: | 2022-10-12 | by ( Valentine Hilaire | ) www.reuters.com time to read: +2 min

The facade of used autos platform Kavak is pictured in Mexico City, Mexico, August 25, 2020. Kavak plans to invest $130 million over the next two years in the three Middle-Eastern countries, which are set to represent 7-10% of its business, Garcia said. Kavak, which buys used cars, fixes them up and resells them, has grown quickly in its six years of existence and now operates in 10 countries. He said customer satisfaction levels have risen in Mexico, with around 70% of users recommending Kavak after purchasing services. Kavak is not planning any additional expansions this year and will focus on its existing operations.

☆ China urges dialogue, consultation after Putin's warning to West
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: 1 min

Register now for FREE unlimited access to Reuters.com RegisterChinese Foreign Ministry spokesperson Wang Wenbin speaks during a news conference in Beijing, China March 3, 2022. REUTERS/Carlos Garcia Rawlins/File PhotoBEIJING, Sept 21 (Reuters) - China's foreign ministry urged all parties to engage in dialogue and consultation and find a way to address the security concerns of all parties after Russian President Vladimir Putin warned the West over what he described as "nuclear blackmail". China's position on Ukraine is consistent and clear, Chinese foreign ministry spokesman Wang Wenbin said at a regular media briefing on Wednesday. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Eduardo Baptista; writing by Ryan Woo; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

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