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The logo of Spanish telecoms firm Telefonica is seen atop the company's building in Madrid, Spain, September 6, 2023. REUTERS/Violeta Santos Moura//File Photo Acquire Licensing RightsMADRID, Dec 4 (Reuters) - Telefonica told unions on Monday it was seeking to cut around 5,100 jobs in Spain by 2026 in an effort to reduce costs and adapt the company's size to the current market, a UGT union spokesperson said. The company based the decision on productivity, organization and technical reasons, the union spokesman said as Telefonica and the unions started negotiating the layoffs. In a statement Telefonica confirmed the labour "adjustment", but declined to say how many jobs it intended to axe. The company will negotiate the extent of the job cutting with the union, so that the actual cuts could be fewer than the 5,100 ones targeted by the company, UGT spokesperson Diego Gallart said.

Persons: Violeta Santos Moura, Diego Gallart, Inti Landauro, Matteo Allievi, Jakub Olesiuk, Andrei Khalip, Jan Harvey Organizations: Telefonica, REUTERS, Rights, Thomson Locations: Madrid, Spain

According to data firm Preqin, only one emerging markets greenfield renewables fund has raised more than Copenhagen wants to amass, although the 2014 $3.26 billion Guangzhou City Development Industry Fund is focused on China. While a deal to phase out fossil fuels has been hard to agree, more than 60 countries have backed a global agreement to triple renewable energy this decade. The growth in demand for electricity is enormous," he told Reuters, adding that renewable energy was often the cheapest energy source. Founded in 2012, Denmark's Copenhagen manages 26 billion euros ($28.3 billion) of assets and runs 12 funds. Recent development projects include an offshore wind farm in Bangladesh and the first 100% foreign-owned offshore wind energy schemes in the Philippines.

Persons: Niels Holst, Holst, Simon Jessop, Tommy Reggiori Wilkes, Jan Harvey Organizations: Copenhagen Infrastructure Partners, Reuters, Guangzhou City Development Industry Fund, Denmark's, Thomson Locations: DUBAI, Copenhagen, China, Dubai, Britain, Denmark's Copenhagen, Bangladesh, Philippines, Asia, Pacific, America

☆ Swiss Banque Pictet pays $123 mln for helping clients evade US taxes
▼ + stars: | 2023-12-04 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

According to prosecutors, U.S. taxpayers with Pictet accounts in Switzerland and elsewhere evaded about $50.6 million in taxes between 2008 and 2014. As part of the agreement, Banque Pictet agreed to pay $122.9 million to the U.S. Treasury. As part of the agreement, Pictet, which oversees 632 billion Swiss francs ($724 billion) in client assets, will implement remedial measures and cooperate with the authorities' investigation. U.S. authorities have long accused Swiss banks of helping wealthy Americans evade taxes, and Pictet signalled it had been in contact with the U.S. for more than a decade. Credit Suisse in 2014 agreed to pay a $2.5 billion fine for helping Americans evade taxes in a conspiracy that spanned decades.

Persons: Andrew Kelly, Banque Pictet, Jim Lee, Pictet, Julius Baer, Renaud de Planta, Marc Pictet, Luc Cohen, Noele, Jan Harvey, Bill Berkrot, Christina Fincher Organizations: Internal Revenue Service, Washington , D.C, REUTERS, Banque Pictet, Justice Department, Banque, U.S . Treasury, U.S, Credit Suisse, UBS, Prosecutors, Noele Illien, Thomson Locations: Washington ,, Swiss, Switzerland, Pictet, New York, Zurich

☆ Deutsche Bank to review Postbank tech migration - Handelsblatt
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBERLIN, Dec 4 (Reuters) - Deutsche Bank's supervisory board has tasked its auditor EY with reviewing the Postbank IT integration, which has caused numerous customer complaints due to disruptions, Handelsblatt reported on Monday. The result could result in cuts to bonuses, the newspaper said, citing people familiar with the matter. A Deutsche Bank spokesperson declined to comment on the story. Reporting by Kirsti Knolle; Editing by Linda Pasquini and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Handelsblatt, Kirsti Knolle, Linda Pasquini, Jan Harvey Organizations: Deutsche Bank, REUTERS, Rights, Deutsche, Thomson Locations: Brussels, Belgium

Former U.S. Secretary of State Hillary Rodham Clinton delivers remarks during the unveiling of her portrait, at the State Department in Washington, U.S., September 26, 2023. REUTERS/Ken Cedeno/File Photo Acquire Licensing RightsDUBAI, Dec 3 (Reuters) - Former U.S. Secretary of State Hillary Clinton called on Sunday for reform of the insurance sector, where companies are increasingly withdrawing assistance against climate shocks. Lower-income countries and workers in nations most affected by climate change are struggling to access insurance to help protect them from economic shocks. "We need to rethink the insurance industry," Clinton said during a panel on women and climate resiliency. "People in the United States, Europe, they're going to wake up and say, 'What do you mean, I can't get insurance?'"

Persons: Hillary Rodham Clinton, Ken Cedeno, Hillary Clinton, Clinton, it's, Valerie Volcovici, Elizabeth Piper, Katy Daigle, Jan Harvey Organizations: U.S, State Department, REUTERS, Rights, Former U.S, Insurance, Foundation Resilience, Thomson Locations: Washington , U.S, Former, India, U.S, United States, Europe

☆ Fate of Billions for Opioid Victims From Sacklers Rests With Supreme Court
▼ + stars: | 2023-12-03 | by ( Jan Hoffman | More About Jan Hoffman | ) www.nytimes.com time to read: +2 min

The speed with which the court scheduled the case may reflect its awareness of the opioid problem. The court, they said, will focus narrowly on the liability shield, an increasingly popular, though contentious, bankruptcy tactic. “I’m sure, though, that even if the opioid crisis doesn’t show up anywhere in the opinion, the court has to be bearing in mind that cities, states and individuals have been desperately waiting for these funds. Though numerous pharmaceutical companies have been sued for their roles in the opioid epidemic, the Sacklers and Purdue loom large in the story of the complex, decades-old crisis. The steep fines did little to deter Purdue from continuing to aggressively market OxyContin.

Persons: ”, Adam Zimmerman, OxyContin Organizations: University of Southern California’s Gould School of Law, Purdue, Food and Drug Administration, Sackler

☆ Indonesia's Marapi Volcano Erupts, Spewing Ash
▼ + stars: | 2023-12-03 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +1 min

JAKARTA (Reuters) - Indonesia's Marapi volcano in West Sumatra province erupted on Sunday, spewing volcanic ash as high as 3,000 metres (9,843 ft) into the air, according to country's disaster management agency BNPB. The 2,891 metre high volcano erupted at 2.54 p.m. local time (0754 GMT), and volcanic ash was dispersed at high intensity to nearby districts, authorities said. Authorities have barred residents and visitors from carrying out any activities within 3 kilometres of the crater, and have set the second-highes alert level for Marapi mountain. "We have distributed masks to residents and encourage them to stay inside their houses," said Ade Setiawan, an official at BPBD's local disaster management unit. Indonesia sits on the Pacific's so-called "Ring of Fire" and has 127 active volcanoes, according to the volcanology agency.

Persons: Ade Setiawan, Bernadette Christina, Jan Harvey Organizations: BNPB Locations: JAKARTA, West Sumatra, Indonesia

[1/2] Members of the International Federation of Medical Students Associations hold placards during a protest demanding an end to fossil fuels at COP28 World Climate Summit, in Dubai, United Arab Emirates, December 3, 2023. Climate-related impacts "have become one of the greatest threats to human health in the 21st century", COP28 President Sultan Ahmed Al-Jaber said in a statement. The World Bank on Sunday launched a new Climate and Health program to explore possible interventions and public health solutions for developing countries. "We have new tools at the lab level that decimate mosquito populations," said Gates, whose foundation supports public health research and projects for the developing world. Former U.S. Secretary of State Hillary Clinton also spoke on Sunday at COP28, urging reform to the world's insurance system as another key requirement to keep people safe.

Persons: Amr Alfiky, Sultan Ahmed Al, Jaber, COP28, Joseph Vipond, Storm Daniel, Bill Gates, Gates, Hillary Clinton, Clinton, Gloria Dickie, Elizabeth Piper, Alexander Cornwell, Simon Jessop, Kate Abnett, William James, Katy Daigle, Jan Harvey Organizations: International Federation of Medical, United Arab Emirates, REUTERS, Rights, Physicians, World Health Organization, Bank, Sunday, Health, World Bank, Microsoft, Former U.S, Reuters, Thomson Locations: Dubai, United Arab, Alberta, Canada, Western, Libya, Pakistan, COP28

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNov 29 (Reuters) - Ahead of this year's COP28 climate summit in Dubai, U.N. agencies have released several reports offering updates on global progress in limiting climate change. Emissions Gap Report. The report, released on Nov. 20, looks at how countries' planned climate action compares with what is needed to meet global climate goals. The report analyzes the difference between planned fossil fuel production and the amount deemed consistent with meeting global climate goals. In 2009, developed countries pledged to provide $100 billion per year in climate finance to developing nations.

Persons: Eduardo Munoz, wean, NDCs, Rich, Gloria Dickie, David Stanway, Susanna Twidale, Katy Daigle, Jan Harvey Organizations: U.S, REUTERS, Programme, UNEP, Thomson Locations: New York, New York City , New York, U.S, Dubai, U.N, Paris, China, Norway, Qatar, UAE, London, Singapore

☆ Britain bids farewell to its only giant pandas after 12 years
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

Zookeepers have spent the last few weeks making sure the two pandas, Yang Guang and Tian Tian, are used to crates in preparation for their long journey, expected at some point in early December. [1/4]Yang Guang, one of the giant pandas at Edinburgh Zoo, eats bamboo stalks in its enclosure, in Edinburgh, Britain, November 29, 2023. REUTERS/Lesley Martin Acquire Licensing Rights"Yang Guang and Tian Tian have had an incredible impact by inspiring millions of people to care about nature," he said in a statement. The return of the Edinburgh bears to China comes as a number of giant pandas have also headed home from the U.S., part of a fading legacy in which giant pandas served as animal ambassadors. That began in 1972, when the government of China presented two giant pandas as gifts to the U.S. after President Richard Nixon's historic Cold War visit to the communist country.

Persons: Zookeepers, Yang Guang, Tian Tian, David Field, Lesley Martin, Richard Nixon's, Washington's, Sarah Young, Jan Harvey Organizations: Edinburgh Zoo, Royal Zoological Society of Scotland, China Wildlife Conservation Association, REUTERS, Edinburgh, Thomson Locations: China, Edinburgh, Britain, U.S, Memphis, San Diego

☆ Philippines' SEC to block access to world's largest crypto exchange Binance
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMANILA, Nov 29 (Reuters) - The Philippines' Securities and Exchange Commission has begun the process of blocking access to the world's largest crypto exchange Binance, whose chief last week stepped down and pleaded guilty to breaking U.S. anti-money laundering laws. The SEC said the operator of Binance was not a registered corporation in the Philippines, and was operating without the necessary licence and authority to sell or offer any form of securities. The removal of access in the Philippines, the SEC said in a statement, will take effect within three months of the issuance of its advisory on Nov. 28 to give Filipino users time to pull out investments from the crypto exchange. Former Binance chief Changpeng Zhao stepped down as CEO last week after pleading guilty to wilfully causing the exchange to fail to maintain an effective anti-money laundering program.

Persons: Dado Ruvic, Binance, Alphabet's, Changpeng Zhao, Karen Lema, Mikhail Flores, Jan Harvey Organizations: REUTERS, Rights, Securities and Exchange Commission, SEC, Alphabet's Google, Facebook, Binance, Reuters, Thomson Locations: Rights MANILA, Philippines

☆ Google DeepMind AI reveals potential for thousands of new materials
▼ + stars: | 2023-11-29 | by ( Martin Coulter | ) www.reuters.com time to read: +2 min

Google logo and AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Google DeepMind has used artificial intelligence (AI) to predict the structure of more than 2 million new materials, a breakthrough it said could soon be used to improve real-world technologies. The discovery and synthesis of new materials can be a costly and time-consuming process. DeepMind’s AI was trained on data from the Materials Project, an international research group founded at the Lawrence Berkeley National Laboratory in 2011, made up of existing research of around 50,000 already-known materials. Having used AI to predict the stability of these new materials, DeepMind said it would now turn its focus to predicting how easily they can be synthesised in the lab.

Persons: Dado Ruvic, “ We're, ”, Ekin Dogus, Kristin Persson, DeepMind, Martin Coulter, Jan Harvey Organizations: REUTERS, Google, Materials, Lawrence Berkeley National Laboratory, Thomson

☆ US FDA flags new problem with Philips machines, shares fall
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. The new issue identified by the FDA involves a humidifier used in the "DreamStation 2" sleep therapy device. "Philips Respironics is in discussions with the (FDA) regarding the reports," it said. Philips shares were down 6.7% at 18.26 euros by 0833 GMT. The FDA said it had received reports of people facing thermal issues such as fire, smoke, burns, and other signs of overheating while using Philips' DreamStation 2 CPAP machines.

Persons: Eva Plevier, Philips, Toby Sterling, Christy Santhosh, Diana Alvarez, Shailesh Kuber, Jan Harvey Organizations: Philips, REUTERS, U.S . Food, Drug Administration, FDA, ING, Thomson Locations: Dutch, Amsterdam, Netherlands, U.S, Bengaluru, Gdansk

But 18-24 months later, the acute phase of the adjustment is complete, with energy inventories comfortable and prices reverting towards long-term inflation-adjusted averages. Chartbook: Europe's energy supplies and pricesThere will undoubtedly be more shocks in future, but the disruption associated with the end of the pandemic and Russia’s invasion of Ukraine is over. Europe’s residual issue is that it has swapped relatively cheap Russian pipeline gas for relatively expensive LNG, putting its industrial competitiveness at risk, but that is a chronic problem rather than a crisis. OILIn the oil market, U.S. domestic crude and condensates production has continued to increase and surpassed its pre-pandemic peak in August 2023. Related columns:- China braces for record winter electricity demand (November 24, 2023)- Europe’s gas crisis is over, but not the painful adjustment (November 21, 2023)- Oil prices slump as fundamentals reassert themselves (November 9, 2023)- Europe's record gas stocks start to pressure prices (November 7, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Jan Harvey Organizations: U.S, Brent, Thomson, Reuters Locations: Europe, Asia, Ukraine, U.S, Saudi Arabia, Germany, Italy, France, Netherlands, Spain, Belgium, Poland, Northwest Europe, China, Russia, South, East Asia, Brazil

☆ High cost of capital a bane for energy transition ahead of COP28
▼ + stars: | 2023-11-28 | by ( Divya Chowdhury | ) www.reuters.com time to read: +2 min

REUTERS/Rula Rouhana Acquire Licensing RightsMUMBAI, Nov 28 (Reuters) - Advocates for the energy transition are concerned ahead of the COP28 summit in Dubai about the high cost of capital available to make change happen, as policymakers ratchet up their rhetoric on the need for tight monetary policy. COP28 is widely expected to focus on climate finance, specifically to build on the G20 nations' commitment to triple renewables deployment to about 11,000 gigawatts by 2030, which will need funds of around $4.5 trillion. Climate finance is going to be the "Achilles' heel" of COP28, said Vaibhav Chaturvedi, fellow at the Council on Energy, Environment and Water (CEEW). Linda-Eling Lee, head of the MSCI Sustainability Institute, said companies and investors cannot be expected to commit long-term capital to the energy transition if policymakers change track suddenly. Agreements on greater transparency in disclosures, along with innovations in finance, will help mobilise more private sector funds, Lee said.

Persons: Rula, Gauri Singh, IRENA, Vaibhav Chaturvedi, Chaturvedi, Linda, Eling Lee, Lee, Divya Chowdhury, Jan Harvey Organizations: Abu Dhabi Sustainability, REUTERS, Rights, International Renewable Energy Agency, Reuters Global Markets, Council, Energy, Bridgetown Initiative, World Bank, Bank, MSCI Sustainability Institute, Finance, Thomson Locations: UAE, Abu Dhabi, Rights MUMBAI, Dubai, Barbados, Bridgetown, Mumbai

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. It is also in advanced negotiations with Kretinsky's EP Equity Investment (EPEI) vehicle to "modify and simplify" some terms of its proposed 2 billion euro ($2.11 billion) sale of Tech Foundations, the group said. AlphaValue analyst Helene Coumes attributed the drop to "the endless uncertainty on the deal on Tech Foundations, the financing issues and how the change of some terms of the agreement will be favorable for the minority shareholders". The Tech Foundations deal would also see Kretinsky take a 7.5% stake in the group's cybersecurity unit Eviden, which is what would be left of Atos. Reporting by Diana Mandiá; Editing by Kirsten Donovan, Robert Birsel and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Daniel Kretinsky, Helene Coumes, Atos, Diana Mandiá, Kirsten Donovan, Robert Birsel, Jan Harvey Organizations: REUTERS, Tech Foundations, Kretinsky's, Equity Investment, Tech, Thomson Locations: Nantes, France, Czech, Atos

☆ China's Didi Global says ride-hailing app had 'systems malfunction'
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A man passes by a car of Chinese ride-hailing service Didi at the Shanghai Hongqiao International Airport in Shanghai, China August 14, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI/BEIJING, Nov 27 (Reuters) - Didi Global said on Monday its ride-hailing app had experienced a "systems malfunction" after users in multiple cities including Beijing and Shanghai said they were unable to book rides in the evening. The company apologised for the issue on its official Weibo account and said it was urgently trying to fix it. Didi is China's largest ride-hailing company, with its service in the country delivering average daily transactions of 31.3 million in the third quarter. Reporting by Brenda Goh in Shanghai and Ethan Wang in Beijing; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Didi, Aly, Didi Global, Brenda Goh, Ethan Wang, Jan Harvey Organizations: Shanghai Hongqiao International, REUTERS, Rights, Thomson Locations: Shanghai, China, Rights SHANGHAI, BEIJING, Beijing, Weibo, Zhejiang, Jilin

☆ Netherlands to allow takeover of chip startup Nowi by Chinese-owned Nexperia
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Nov 27 (Reuters) - The Dutch government on Monday said that, after an assessment, it won't block Chinese-owned Nexperia's acquisition of Delft-based start-up Nowi. "There are no legal objections to the acquisition of Nowi by Nexperia," Economic Affairs Minister Micky Adriaansens said in a letter to parliament. Nexperia, owned by China's Wingtech (600745.SS), bought Nowi, which has around 40 employees, for an undisclosed sum in 2022. But the Dutch government decided to vet the deal retroactively in May 2023 after it established a new office to review foreign takeovers of potentially sensitive technologies. Reporting by Charlotte Van Campenhout and Benoit Van Overstraeten; Editing by Jan Harvey and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Micky Adriaansens, China's Wingtech, Charlotte Van Campenhout, Benoit Van Overstraeten, Jan Harvey, Mark Porter Organizations: Economic, Thomson Locations: AMSTERDAM, Delft

☆ Syria says Israel strike puts Damascus airport out of service
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +1 min

AMMAN, Nov 26 (Reuters) - Israeli air strikes put Damascus airport out of service on Sunday, forcing incoming flights to be diverted elsewhere, the Syrian army and a pro-government newspaper said. Israel has for years carried out strikes against what it has described as Iranian-linked targets in Syria, including against Aleppo and Damascus airports. The Syrian army said in a statement its air defences intercepted Israeli missiles flying from the Golan Heights. It said the Israeli strikes, which also targeted outposts in the Damascus countryside, led only to material losses but did not elaborate on the extent of damage to the country's biggest civilian airport.There was no immediate comment from the Israeli military. Flights scheduled to arrive in Damascus were being diverted to Latakia and Aleppo, Al Watan newspaper said.

Persons: Kinda, Adam Makary, Suleiman al Khalidi, Giles Elgood, Jan Harvey, Nick Macfie Organizations: Thomson Locations: AMMAN, Damascus, Israel, Syria, Aleppo, Latakia, Al

☆ Al Qassam Brigades Says Four Military Commanders Killed in Fighting
▼ + stars: | 2023-11-26 | by ( Nov. | At A.M. | ) www.usnews.com time to read: 1 min

CAIRO (Reuters) - The armed wing of the Palestinian militant group Hamas announced on Sunday the killing of four of its military commanders in the Gaza Strip, including the commander of the North Gaza brigade Ahmad Al Ghandour. "Al Ghandour (Abu Anas) is the member of the military council and the commander of the North Brigade," Al Qassam Brigades said in a statement published on their Telegram channel. (Reporting by Omar Abdel-Razek and Hatem Maher; Editing by Jan Harvey)

Persons: Ahmad Al Ghandour, Al Ghandour, Abu Anas, Al, Omar Abdel, Razek, Hatem Maher, Jan Harvey Organizations: Hamas, North Brigade, Brigades Locations: CAIRO, Gaza

☆ Al Qassam Brigades says four military commanders killed in fighting
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: 1 min

CAIRO, Nov 26 (Reuters) - The armed wing of the Palestinian militant group Hamas announced on Sunday the killing of four of its military commanders in the Gaza Strip, including the commander of the North Gaza brigade Ahmad Al Ghandour. "Al Ghandour (Abu Anas) is the member of the military council and the commander of the North Brigade," Al Qassam Brigades said in a statement published on their Telegram channel. Reporting by Omar Abdel-Razek and Hatem Maher; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Ahmad Al Ghandour, Al Ghandour, Abu Anas, Al, Omar Abdel, Razek, Hatem Maher, Jan Harvey Organizations: Hamas, North Brigade, Brigades, Thomson Locations: CAIRO, Gaza

☆ Cargo ship sinks off Greek island, one dead, 12 missing
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: 1 min

ATHENS, Nov 26 (Reuters) - One person has died and 12 people were missing on Sunday after a cargo ship carrying salt with 14 crew on board sank off the island of Lesbos, the Greek coast guard said. The Comoros-flagged "Raptor" had departed from El Dekheila port in Egypt and was bound for Istanbul when it reported a mechanical failure and issued a distress call early on Sunday, the coast guard added. "One body recovered from the area," a coast guard official told Reuters adding that one person was rescued by helicopter and was taken to the island's hospital. Eight of the crew were Egyptians and the rest were Syrian and Indian nationals. Reporting by Lefteris Papadimas; Writing by Renee Maltezou; Editing by Jan Harvey, David Goodman and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Lefteris Papadimas, Renee Maltezou, Jan Harvey, David Goodman, Alexander Smith Organizations: Reuters, Thomson Locations: ATHENS, Lesbos, Comoros, El Dekheila, Egypt, Istanbul

☆ Cargo ship sinks off Greek island, 13 crew members missing
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: 1 min

ATHENS, Nov 26 (Reuters) - A cargo ship carrying salt sank off the Greek island of Lesbos on Sunday, with all but one of its 14-strong crew still missing, the Greek coast guard said. The Comoros-flagged ship "Raptor" had departed from El Dekheila port in Egypt and was sailing to Istanbul when it reported a mechanical failure and issued a distress call early on Sunday, the Greek coast guard said. Eight of the crew were Egyptians and the rest were Syrian and Indian nationals. The coast guard had rescued one person, who was airlifted by helicopter in gale force winds. Reporting by Lefteris Papadimas Writing by Renee Maltezou Editing by Jan Harvey and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Lefteris, Renee Maltezou, Jan Harvey, David Goodman Organizations: Thomson Locations: ATHENS, Lesbos, Comoros, El Dekheila, Egypt, Istanbul

With U.S. markets closed on Thursday for the Thanksgiving holiday and due for a shorter Black Friday trading session, currencies are trading narrowly as liquidity is expected to remain thin. The bank will "then begin its first rate hike in Q2 2024 if wage growth continues to accelerate next year". The nationwide core consumer price index (CPI), which excludes volatile fresh food costs, rose 2.9% year-on-year in October, government data showed on Friday, against 3.0% expected by economists in a Reuters poll. Separate data showed German business morale improved for a third straight month in November. Sterling rose for a second consecutive day, up 0.2% to $1.2559, after data showed on Thursday that British companies returned to growth in November, fuelling hopes Britain will avoid a recession.

Persons: Marcos Brindicci, Jefferies, Mohit Kumar, Sterling, Ankur Banerjee, Joice Alves, Jan Harvey, David Evans Organizations: REUTERS, Bank of Japan, U.S, Federal, Fed, European Central Bank, Bank of England, ING, Thomson Locations: Buenos Aires, Argentina, SINGAPORE, Germany, Singapore, London

☆ A century after debut, UK music store HMV makes Oxford Street return
▼ + stars: | 2023-11-24 | by ( James Davey | ) www.reuters.com time to read: +3 min

The 363 Oxford Street address hosted the very first HMV store in 1921, opened by composer Edward Elgar, and was central to the development of British popular music and culture. "We feel really good on the future of physical stores for retail," Putman told Reuters in an interview. The store will sell 8,000 different vinyl albums, 12,000 CDs, music merchandise and a wide range of music technology. HMV says its vinyl sales are significantly ahead of UK annual market growth of 18%, and account for half its physical music sales. Councillor Geoff Barraclough of Westminster City Council, which oversees Oxford Street, said the HMV store represented what they wanted to do on Oxford Street: "an experience beyond traditional retail".

Persons: Edward Elgar, Doug Putman, Putman, John Lennon, Cher, Elton John, Michael Jackson, Brian Epstein, Epstein, George Martin, Geoff Barraclough, James Davey, Jan Harvey Organizations: Black, Oxford, HMV, Reuters, Wars, Marvel, Echo, Beatles, Westminster City Council, Oxford Street, Thomson Locations: Britain's, Dublin, Antwerp, Westminster

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