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Glencore expects 2023 trading unit profits of up to $4 bln
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 21 (Reuters) - Glencore (GLEN.L) on Friday said it expects profits at its trading division this year of up to $4 billion, exceeding its long-term annual guidance. It expects full-year trading earnings before interest and taxes (EBIT) to be between $3.5 and $4 billion. The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10% to 488,000 tons in the first half. "Our full-year production guidance remains unchanged from earlier guidance," boss Gary Nagle said in a release. "Second-half volume weightings in copper, zinc and nickel reflect higher expected production volumes from Collahuasi, Kazzinc, Mount Isa and INO."
Persons: Gary Nagle, Mount Isa, INO, Clara Denina, Jason Neely, Jan Harvey Organizations: Democratic, Thomson Locations: Katanga, Democratic Republic of Congo, DRC
Guterres said that he’d sent Russia proposals to keep the grain deal alive but that he was “deeply disappointed” that his efforts went unheeded. The UN chief’s comments reinforced a view that, for now, Russia sees a point of leverage in refusing to renew the Black Sea grain deal. Erdogan won prestige and the gratitude of his fellow NATO leaders and developing nations for brokering the original grain deal. So it may risk damaging its own priorities by triggering widespread food shortages, especially since much of Ukraine’s grain is used in World Food Programs to alleviate famine in Africa. While the end of the grain deal would cause significant global hardship, its worst effects may be weeks away – so there could be time for diplomacy to work.
Persons: Vladimir Putin, Joe Biden, Putin, Volodymyr Zelensky’s, Antony Blinken, it’s, , There’s, Dmitry Peskov, General António Guterres, Guterres, he’d, , autocrats — Putin, Recep Tayyip Erdogan, Erdogan, cannily, He’d, Michael Kimmage, ” Kimmage, Kimmage, “ That’s, ” John Kirby, Nicolay Gorbachov, Isa Soares Organizations: CNN, United Nations, NATO, Kremlin, UN, Putin, State Department, Catholic University of America, National Security Council, Ukrainian Grain Association, CNN International Locations: Ukraine, Africa, United States, Crimean, Russian, Turkey, Russia, West, Eurasia, Moscow, Turkish, Europe, Washington
The CFPB and state attorneys general sued a career boot camp that declared bankruptcy in 2022. Prehired sued nearly 300 former students last year, saying they'd defaulted on their loans. "Prehired also represented that consumers would pay nothing until they got a job and 'partner[ed] with' Prehired in their career. The lawsuit also accused Prehired of "falsely representing the amount of debt owed by consumers by stating that Prehired could collect more than the consumer legally owed." The complaint said Prehired filed more than 280 lawsuits in 2022 demanding that former students who it said had defaulted pay $25,000 each.
Persons: Prehired, they'd, Bob Ferguson, Washingtonians, bootcamps, Ben Kaufman Organizations: Service, Consumer Financial Protection, California's Department of Financial Protection, Innovation, LinkedIn, Delaware's Department of Justice, Washington Attorney General's Locations: Wall, Silicon, Prehired
This week, delegates of the International Seabed Authority—a United Nations observer organization that regulates deep-sea mining in international waters—are descending on ISA headquarters in Kingston, Jamaica to hash out the regulations around deep-sea mining over the next two weeks. PREVIEWCanada, Ireland and Switzerland have all recently joined calls—by nearly 20 countries—for a moratorium or at least a pause on deep-sea mining. Norway recently opened the door to deep-sea mining in its waters. Deep-sea mining in recent years has garnered attention because of the possibility of recovering battery metals such as manganese and nickel from the seafloor. Some other early supporters of seabed mining, including Maersk and Lockheed Martin, have been selling their deep-sea mining investments.
Persons: , Michael Lodge, Gerard Barron, Sandy Huffaker, GUSTAVO GRAF MALDONADO, Lockheed Martin, Yusuf Khan Organizations: United, Sustainable Business, ” Global Affairs Canada, ISA, Metals Co, Maersk, Press, Greenpeace, The Metals Co, REUTERS, Nauru wouldn’t, Lockheed Locations: Canada, United Nations, Kingston , Jamaica, Ireland, Switzerland, Norway, Nauru, yusuf.khan
Deep-sea metal rush in doubt as regulatory body meets
  + stars: | 2023-07-07 | by ( David Stanway | ) www.reuters.com   time to read: +3 min
Environmental groups expect next week's meeting of the International Seabed Authority (ISA) in Kingston, Jamaica, to rule out any immediate permission for mining to begin. Mining companies say the ocean floor is potentially rich in metals like nickel and cobalt used in batteries for electric vehicles, so their extraction will support the global energy transition. Any permitting delay will hurt the prospects of Canada's The Metals Company (TMC.O) (TMC), which has led efforts to exploit seabed minerals in the Pacific. TMC says that while deep-sea mining will have some ecological impact, it would be less damaging than land-based extraction. "The fact is no one has ever mined the sea floor in any major commercial capacity," said Victor Vescovo, an investor and deep-sea explorer who will attend the meeting.
Persons: Sian Owen, Victor Vescovo, David Stanway, Melanie Burton, Clara Denina, Robert Birsel Organizations: Authority, Mining, The Metals Company, TMC, Conservation Coalition, ISA, Thomson Locations: SINGAPORE, Kingston , Jamaica, Pacific, Nauru, Germany, New Zealand, Switzerland, France, Norway, Melbourne, London
The military operation remained ongoing Tuesday morning with Israeli forces searching for 10 remaining primary targets in the Jenin refugee camp, according to the IDF. A military source said Monday the operation is the largest military operation in the occupied West Bank city of Jenin in more than 20 years. Jaafar Ashtiyeh/AFP/Getty Images Aerial vehicles fly during the Israeli military operation in Jenin on Monday. Raneen Sawafta/Reuters Palestinians run for cover during the Israeli military operation in Jenin. Majdi Mohammed/AP Palestinian women react Monday during the Israeli military operation in Jenin.
Persons: Daniel Hagari, Hagari, , ” Hagari, Nedal, Nasser Nasser, Jaafar Ashtiyeh, Raneen Sawafta, Jaafar Ashitiyeh, Issam, Majdi Mohammed, Ronen Zvulun, Ayman Nobani, Lina Amouri, , ” Amouri, Mohamad Torokman, Reuters Duha, ” Turkman, ” “, Mohammed Jarrar, Crescent, Mahmoud al, Saadi, ” “ It’s, Mahmoud Abbas, Israel “, Benjamin Netanyahu, ” Netanyahu Organizations: Jerusalem CNN, West, Israel Defense Forces, Israel Securities Authority, Israel Border Police, IDF, Twitter, Palestinian, Crescent, West Bank, Anadolu Agency, AP Palestinian, Getty, Reuters, AP, CNN, Palestinian Ministry of Health, Palestinian Authority, Militant, Hamas Locations: Jerusalem, West Bank, Jenin, Tel Aviv, , West, Monday, AFP, Raneen, Palestinian, Sunday, Issam, it’s, Egypt
White Gladis, the orca believed to be behind recent boat encounters, has a family acting with her. Meet White Gladis' familyWhite Gladis is part of a 6-orca pod including herself, two siblings, two calves, and a mother. She gave birth to White Gladis in 2005, who is her oldest offspring, followed by Gladis Clara and Gladis Dalila. White Gladis went on to give birth to Gladis Filabres in 2015 and Gladis Tarik in 2021. Gladis Clara, White Gladis' sibling, is a male orca, but the sex is unknown for Gladis Dalila and White Gladis' two offspring.
Persons: White Gladis, White, , Gladis Blanca, Gladis Clara, Gladis, Gladis Filabres, Gladis Tarik, Gladis Lamari, hasn't, Gladis Dalila, Black, Gladis Peque, Gladis Isa, Gladis Matteo, Gray Gladis, Mónica, Kenneth C, Gladis Olvera Organizations: Service, Orca, Guardian, for Whale Research, Orca Working Locations: Gibraltar, Strait, Gibraltar White, orcas, Southern, Iberian
CNN —Israeli forces launched a large military operation in Jenin in the northern West Bank overnight Sunday, killing at least three people and injuring 13 others, according to the Palestinian Health Ministry. Footage shared with journalists appeared to show operations ongoing in parts of the Jenin refugee camp and Israeli military vehicles on the streets of Jenin on Monday morning. The IDF said it struck a joint operational command center for the Jenin Camp and operatives of the Jenin Brigade, a Palestinian militant group associated with Islamic Jihad. “The aggression on Jenin will not achieve its targets, Jenin will not surrender. The raid comes less than two weeks after an Israeli military raid on Jenin erupted into a massive firefight, leaving at least five Palestinians dead and dozens wounded.
Persons: Mahmoud al, Saadi, , Yoav Gallant, Organizations: CNN, West Bank, Palestinian Health Ministry, Israeli Defense Forces, Jenin Government Hospital, Palestinian Ministry of Health, Palestinian, Jenin Brigade, Islamic, IDF, Israel Securities Authority, Israeli Locations: Jenin, Crescent, Palestinian, Israel, Jihad
JECFA, the WHO committee on additives, is also reviewing aspartame use this year. The first group includes substances from processed meat to asbestos, which all have convincing evidence showing they cause cancer, IARC says. Like aspartame, this means there is either limited evidence they can cause cancer in humans, sufficient evidence in animals, or strong evidence about the characteristics. Pepsico removed aspartame from sodas in 2015, bringing it back a year later, only to remove it again in 2020. Listing aspartame as a possible carcinogen is intended to motivate more research, said the sources close to the IARC, which will help agencies, consumers and manufacturers draw firmer conclusions.
Persons: Coke, Shannon Stapleton, Health Organization's, JECFA, Nozomi Tomita, Zsuzsanna, Germany’s Bayer, IARC, Frances Hunt, Wood, Mars Wrigley, Kate Loatman, , Jennifer Rigby, Richa Naidu, Michele Gershberg, Mark Potter, Susan Fenton Organizations: REUTERS, International Agency for Research, Cancer, Health, Reuters, Joint WHO, Food, Agriculture Organization's, WHO, Japan's Ministry of Health, Labour, Welfare, Food Safety Authority, U.S, International, Association, Cargill, International Council of Beverages Associations, Ramazzini Institute, EFSA, Pepsico, Thomson Locations: New York City, U.S, United States, Europe, Geneva, France, Italy, sodas
[1/4] Diet Coke is seen on display at a store in New York City, U.S., June 28, 2023. Aspartame, used in products from Coca-Cola diet sodas to Mars' Extra chewing gum and some Snapple drinks, will be listed in July as "possibly carcinogenic to humans" for the first time by the International Agency for Research on Cancer (IARC), the World Health Organization's (WHO) cancer research arm, the sources said. Pepsico removed aspartame from sodas in 2015, bringing it back a year later, only to remove it again in 2020. Listing aspartame as a possible carcinogen is intended to motivate more research, said the sources close to the IARC, which will help agencies, consumers and manufacturers draw firmer conclusions. But it will also likely ignite debate once again over the IARC's role, as well as the safety of sweeteners more generally.
Persons: Coke, Shannon Stapleton, Health Organization's, JECFA, Nozomi Tomita, Zsuzsanna, Germany’s Bayer, Frances Hunt, Wood, Mars Wrigley, Kate Loatman, , Jennifer Rigby, Richa Naidu, Michele Gershberg, Mark Potter Organizations: REUTERS, International Agency for Research, Cancer, Health, Joint WHO, Food, Agriculture Organization's, WHO, Reuters, Japan's Ministry of Health, Labour, Welfare, Food Safety Authority, U.S, International, Association, Cargill, International Council of Beverages Associations, Ramazzini Institute, EFSA, Pepsico, Thomson Locations: New York City, U.S, United States, Europe, Geneva, France, Italy, sodas
They undermine law and order in Judea and Samaria [West Bank] and must stop immediately,” he said at a cabinet meeting on Sunday. These calls hurt the vital interests of the State of Israel and they must stop immediately.”Israeli authorities describe the West Bank as Judea and Samaria. I emphasize – approved.”The recent uptick in violence peaked on Wednesday, when Israeli settlers attacked the Palestinian village of Turmusayya in the occupied West Bank, the day after the killing of four Jewish settlers nearby, according to the mayor of the village. ‘Nationalist terrorism’Senior Israeli security officials condemned what they called “nationalist terrorism” by some settlers, after the latest attacks took place on Saturday around the Palestinian village of Umm Safr, north of Ramallah. Sven Kuhn von Burgsdorff, the head of the European Union's mission to the occupied West Bank and Gaza Strip, stands inside a destroyed structure in Ramallah on Friday.
Persons: Benjamin Netanyahu, Netanyahu, , , , Herzi Halevi, Yaakov Shabtai, Umm, Sven Kuhn von Burgsdorff, Ahmad Gharabli, ” Ghassan Douglas, Mohammad Radee Organizations: Jerusalem CNN, Israeli, West Bank, West, UN, Palestinian, Nationalist, Israeli General Staff, Israel Security Agency, ISA, Israel’s Police, Israel Police, Getty, Palestine TV, CNN, Palestine, Palestinian Foreign Ministry Locations: Jerusalem, Judea, Samaria, West, Israel, West Bank, Turmusayya, Jenin, Umm Safr, Ramallah, , Gaza, AFP
Operation to empty Yemen Safer oil tanker set to begin, UN says
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +2 min
DUBAI, May 30 (Reuters) - Operations to salvage 1.1 million barrels of oil from a decaying tanker moored off Yemen's coast will soon begin after a technical support ship arrived on site on Tuesday, the United Nations said. U.N. officials have been warning for years that the Red Sea and Yemen's coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska. The Ndeavor tanker, with a technical team from Boskalis/SMIT, is in place at the Safer tanker off the coast of Yemen's Ras Isa, the U.N. Humanitarian Coordinator in Yemen David Gressley said on Twitter from on board the Ndeavor. The war in Yemen caused suspension of maintenance operations on the Safer in 2015. Additional funding is still important to finish the process," the U.N said on its Yemen Twitter account.
Persons: U.N, SMIT, Yemen's Ras Isa, Yemen David Gressley, Muhammad Yusuf The, Nayera Abdallah, Lisa Barrington, Bill Berkrot Organizations: United Nations, Boskalis, Twitter, REUTERS, Thomson Locations: DUBAI, Alaska, Yemen's, Yemen, Ras Issa, China, Iran, Saudi Arabia, Riyadh, Tehran
CNN —Kosovo’s Prime Minister Albin Kurti told CNN on Tuesday that he would not surrender the country to what he described as a Serbian “fascist militia,” following violent protests in its north over the installation of ethnically Albanian mayors in a disputed election. “We are not facing peaceful protesters, we are facing a mob of extremists,” Kurti told CNN. Disputed electionsMonday’s violence erupted after tensions bubbled for months in northern Kosovo over controversial local elections. More than a decade on, these municipalities have not been created, leaving disputes over the degree of autonomy for Kosovo’s Serbs to fester. “Kosovo is a success story of NATO intervention – that is what bothers both Belgrade and the Kremlin,” Kurti told CNN.
Persons: CNN —, Albin Kurti, ” Kurti, , Valdrin Xhemaj, Antony Blinken, Kurti, ” Blinken, Emmanuel Macron, ” Macron, CNN’s Isa Soares, Kosovo’s, Aleksandar Vucic, , Meliza, Quint, ” Haradinaj, Laura Hasani, Slobodan, Milosevic, , Putin, Vucic, ” Bosko Jaksic, we’ve Organizations: CNN, CNN — Kosovo’s, NATO, Serbian, NATO’s Kosovo Force, KFOR, Reuters, , US, Kosovo, Kosovar, Albanian, European Union, Serbs, Kremlin Locations: Serbian, Zvecan, NATO’s, Albanian, United States, Kosovo, Slovakia, Pristina, Kosovo’s, Belgrade, United Kingdom, Germany, France, Italy, Reuters Kosovo, Brussels, Serbia, fester, Yugoslavia, Montenegro, “ Kosovo, Ukraine, , He’s
But an official gazette signed by President Muhammadu Buhari on March 28 said the Oba of Benin was the rightful owner of all returned Benin Bronzes and was responsible for the management of all places where the artefacts were kept. The commission has in the past signed agreements to return looted artefacts, including from Cambridge college and Germany. The University of Cambridge's Museum of Archaeology and Anthropology did not immediately respond to a Reuters request for comment. There have been questions on whether Nigeria has capacity to safely keep artefacts returned from abroad. The palace has previously said it planned to build a museum to house returned artefacts.
Shipping Giant Maersk Drops Deep Sea Mining Investment
  + stars: | 2023-05-03 | by ( Yusuf Khan | ) www.wsj.com   time to read: +4 min
Shipping company A.P. Moller-Maersk is selling its stake in deep-sea mining firm The Metals Company, even as the legal process to allow seabed mining approaches its final stages. The shipping company held more than 9% of TMC in 2021, according to data from FactSet and has been an investor in the company since 2017. TMC is one of the biggest proponents of deep-sea mining and is the most active company within the space, being the first to complete pilot testing. TMC and other deep-sea mining firms have come under fire over worries that the practice will harm the seabed environment.
CNN —A man dressed in the yellow and green of the Brazilian flag walks towards a glass table inside the Planalto Presidential Palace in Brasilia with a metal rod in his hand. The footage provides new insight into one of the darkest days in in the life of Brazil’s young democracy. It also appears to bolster the claims of those who accused police of failing to act to stop protesters from breaking into the Presidential Palace, among other government buildings. The newly obtained footage shows police forces seemingly retreating as supporters of former Brazilian president Jair Bolsonaro – who was ousted in a vote last fall – march on the palace. “To liken my behaviour to that Major distributing waters to protesters is absurd,” he told Brazilian broadcaster Globo.
UN to start taking deep-sea mining applications this July
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +2 min
Deep-sea mining would extract cobalt, copper, nickel, and manganese - key battery materials - from potato-sized rocks called "polymetallic nodules" on the ocean's floor at depths of 4 to 6 km (2.5 to 4 miles). They are abundant in the Clarion-Clipperton Zone (CCZ) in the North Pacific Ocean between Hawaii and Mexico. The council plans to meet virtually before July to debate further whether approval of such applications could be delayed once received, according to the document. Its executives have repeatedly said they believe deep-sea mining would have less impact than traditional mining for battery metals on land. Reporting by Clara Denina and Ernest Scheyder; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Proponents say that deep-sea mining there is a less damaging way to gather metals like nickel, copper, manganese and cobalt. Opponents of deep-sea mining say there is not enough information to make that kind of decision. Critics of the idea of deep-sea mining have said the process is being rushed. That's what's behind the drive for diversity of supply on land-based mining, as well as exploration of alternatives such as deep-sea mining." Finding consensus for the Wild West of the seaOpponents of deep-sea mining want to tap the brakes.
Isa Watson, founder of voice-only social messaging app Squad, was on a plane when she got the news: Silicon Valley Bank had collapsed, and the Federal Deposit Insurance Corporation had taken over. Prior to the crash, Watson was a depositor at Silicon Valley Bank, using it as the primary bank for all of her business expenses, including cloud services, databases and products that her developers and designers use to collaborate. By Friday, March 10, regulators shuttered the bank and seized its deposits in what would become the largest U.S. bank failure since the 2008 financial crisis and the second-largest bank failure in U.S. history. At that point, Watson says she didn't know whether she'd be able to get her business's money back beyond the FDIC-insured $250,000. She put thousands of dollars' worth of business charges on her personal credit card to keep things running smoothly.
SHANGHAI, March 23 (Reuters) - Shanghai-based RISC-V chip technology company StarFive said on Thursday that it has received a strategic investment from Chinese search giant Baidu Inc (9888.HK). The company added that to date it has raised 1 billion yuan ($146.46 million) in financing, calling that a first for the domestic RISC-V sector. In a statement, StarFive CEO Xu Tao said that StarFive would work with Baidu to implement RISC-V products in data centres. StarFive was established in 2018 as a China-facing offshoot of SiFive, a RISC-V instruction set architecture (ISA) chip design company based in California. Baidu's investment comes as enthusiasm for RISC-V rises within China's chip sector.
SYDNEY, March 11 (Reuters) - Emergency services in Australia's Queensland state evacuated residents to higher ground on Saturday, as record-breaking floods sparked by heavy rain lashed the region's northwest. Fifty three residents of the isolated Gulf Country town of Burketown, about 2,115 km (1,314 miles) northwest of state capital Brisbane, had been evacuated since heavy rain triggered floods earlier this week, police said Saturday. At Burketown, the flood topped the March 2011 record of 6.87 metres after up to 293 mm of rain fell on Thursday and Friday, the Bureau of Meteorology previously said. Police were co-ordinating the evacuation via helicopter to the mining town of Mount Isa, about 425 km (264 miles) south. Flood alerts were current on Saturday for large swaths of Queensland, and there were also warnings for severe storms, heavy rainfall, and potential flash flooding in many parts, including the Gulf Country.
Turkey's Navy plans to make Kızılelma the primary aircraft on its first aircraft carrier. On January 23, the company announced that the Kızılelma, its newest and potentially most promising product, had successfully conducted its second flight test. The test is another step forward for what may become the company's crown jewel and the high point of Turkey's burgeoning drone industry. The KızılelmaThe Kizilelma drone during its first flight test, in Istanbul on December 14. The Kizilelma during its first flight test on December 14.
"Star Trek: Picard" is back for its third and final season. Stewart previously played the character on seven seasons of "Star Trek: The Next Generation" and in four theatrical Star Trek films. Check out the trailer for 'Picard' season 3In the third season, Picard reunites with many of his former crewmates from "The Next Generation," including characters played by Jonathan Frakes, Brent Spiner, LeVar Burton, Gates McFadden, Marina Sirtis, and Michael Dorn. How to watch 'Star Trek: Picard' season 3You can watch "Star Trek: Picard" season 3 exclusively on Paramount Plus. You can watch "Star Trek: Picard" for free if you sign up for a trial to Paramount Plus.
Turkey will instead operate the Anadolu with drones, using them to project power across the region. The US kicked Turkey out of the F-35 program in 2019, leaving Ankara without fighter jets for its new carrier. Strictly speaking, Anadolu is not a dedicated aircraft carrier but an amphibious assault ship — specifically a landing helicopter dock, or LHD. Turkey was a Level III partner in the US-led F-35 program, with Turkish companies making about 900 parts for the aircraft. Turkish carrier dronesTCG Anadolu in Istanbul in September 2022.
Starlink, SpaceX's satellite internet service, is now live in Nigeria. SpaceX's CEO, Elon Musk, announced Starlink's plans to expand into Africa last year. SpaceX's CEO, Elon Musk, announced Starlink's plans to expand into Africa last year. SpaceX has provided the country with thousands of Starlink dishes since Russia invaded in February. The billionaire said in October that only 10,630 out of 25,300 Starlink terminals in Ukraine were paying for service.
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