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SpaceX launched Starship and its Super Heavy booster toward space for the second time on Saturday. Sitting atop its stainless steel Super Heavy booster, Starship stands nearly 400 feet tall. If Starship did reach space on Saturday, it is the largest and most powerful launch system to ever do so. AdvertisementSpaceX's explosions aren't necessarily failure in Musk's eyesThe complete Starship-Super Heavy system first attempted to reach space in April. AdvertisementIt took seven months to make all those adjustments, regain regulatory approval for flight, and prepare to launch Starship a second time.

Persons: Elon Musk, —, Elon, John Insprucker, SPadre.com livestreams, Gene Blevins, Yusaku Maezawa, That's, it's Organizations: SpaceX, Super, NASA, Service, Elon Musk's, Reuters Locations: Boca Chica , Texas, of Mexico, SPadre.com

☆ France fashions slender Paris 2024 torch from raw steel
▼ + stars: | 2023-11-17 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

"It's a bit like my baby, our baby," Delphine Moulin, Paris 2024 director of celebration, told Reuters on Friday amid the sounds of metal being cut, bent, polished and sprayed with micro-particles of steel. You can see that it's different from the usually flared shape of the Olympic torch," Moulin added. You don't use the same kind of steel to make rails and to make this torch," ArcelorMittal France president Eric Niedziela said. Paris 2024 officials and ArcelorMittal have been tight-lipped on the budget of the torches' fabrication, declining to give an estimate of the overall cost. The Paris 2024 flame will be lit on April 16 in Ancient Olympia and will remain in the country for about a week before a handover ceremony in Athens and the start of its journey to France.

Persons: Delphine Moulin, Guy Degrenne, Moulin, ArcelorMittal's Franck Wasilewski, Eric Niedziela, Julien Pretot, Ed Osmond Organizations: Paris, Paralympic Games, ArcelorMittal, Reuters, Thomson Locations: Vire, France, Paris, Normandy, Greece, Ancient Olympia, Athens

☆ The EV industry is the only sector in the world on track to meet global climate goals
▼ + stars: | 2023-11-17 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Electric vehicles is the only industry on track to meet climate goals by 2030, a new report found. But a report published Tuesday found that the EV sector is on track to meet 2030 targets aimed at averting the worst impacts of the climate crisis. There's no indication that any other industry — including power, buildings, agriculture, and finance — will curb greenhouse-gas emissions enough to meet 2030 targets. People still need to drive less and take more buses and trains to reduce emissions, Hecke added. The report found that, collectively, countries would need to build the equivalent of three New York City transit systems a year until 2030 to meet climate goals.

Persons: we've, Kelley, Hecke, Biden Organizations: Service, General Motors, Ford, EV, NewClimate Institute, European Union, EU, New, UN, Climate Action Locations: China, Norway, Canada, Chile, New York City, Europe

☆ East Ukraine's Kharkiv builds underground schools as Russia keeps up attacks
▼ + stars: | 2023-11-17 | by ( Vitalii Hnidyi | ) www.reuters.com time to read: +2 min

[1/3] Workers build a heavily fortified underground school that will allow children to safely return to in-person studies, amid Russia's attack on Ukraine, in Kharkiv region, Ukraine November 15, 2023. Schools in the region of around 2.5 million people, which borders Russia, were forced into online learning after the Kremlin's February 2022 invasion. More are planned by the end of next year, Korotovskykh said, adding that 817 educational facilities across the Kharkiv region had been damaged or ruined during Russia's invasion. Ukrainians are now bracing for another winter of likely Russian air strikes targeting critical infrastructure, which last year caused widespread blackouts across the country. Reporting by Vitalii Hnidyi; Writing by Dan Peleschuk Editing by Gareth Jones and Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Vyacheslav Madiyevskyy, Anton Korotovskykh, Korotovskykh, Serhiy Petrulyanis, Vitalii Hnidyi, Dan Peleschuk, Gareth Jones, Andrew Heavens Organizations: Workers, REUTERS, Rights, Schools, Russian, Reuters, Thomson Locations: Ukraine, Kharkiv region, Rights KHARKIV, Ukraine's Kharkiv, Russia, Kharkiv

☆ Starship's first liftoff toward space created the equivalent of a volcanic eruption in the launchpad, physicist finds
▼ + stars: | 2023-11-17 | by ( Morgan Mcfall-Johnsen | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

AdvertisementDebris litters the Starship launchpad, with damaged fuel tanks visible in the background. PATRICK T. FALLON / Contributor / Getty Images"What we found was that it's comparable to a volcanic explosion," Metzger told WMFE's Brendan Byrne. Members of the public walk through a debris field around the Starship launchpad at SpaceX's facilities near Boca Chica, Texas. SpaceX plans to launch Starship again this weekend, minus the volcano-like explosionThat first space-bound Starship launch ultimately ended with the rocket itself exploding in mid-air. "I think they've completely solved the problem," Metzger told WMFE.

Persons: —, Philip Metzger, Joe Skipper, PATRICK T, FALLON, Metzger, WMFE's Brendan Byrne, That's, Elon Musk, Ashlee Vance, X, Musk, Vance, WMFE, Wednesday Musk Organizations: SpaceX, Service, University of Central, Reuters, Getty, Business, Wednesday Locations: University of Central Florida, Texas, Florida, Boca Chica , Texas

☆ The N.Y.C. Neighborhood Where Families Are Filling Up Empty Offices
▼ + stars: | 2023-11-17 | by ( Matthew Haag | More About Matthew Haag | ) www.nytimes.com time to read: +1 min

For all the talk about converting New York City’s languishing office buildings into housing, just one neighborhood has done it on a large scale: the financial district. In the past few years, luxury apartments have been carved out of a 1907 office tower at 84 William Street and an Art Deco skyscraper at 1 Wall Street that was once the Bank of New York’s headquarters. Five other office buildings are being gutted and turned into residences, including a project that is the largest such conversion in the United States. But the high-rise conversions are just part of a wave of modifications in the area that started decades ago with the transformation of low-rise buildings and continues today with enormous glass and steel towers. The financial district name has become something of a misnomer as the neighborhood, once derided as a desert after the bankers commute home, becomes a vibrant residential enclave at Manhattan’s southernmost tip.

Persons: William Street Organizations: William, Art, Bank of New Locations: New York, United States

The economy and finance ministry declined immediate comment. "So the ruling could have a negative impact on economic growth," the source added. Last month, the economy ministry predicted 1.3% growth for next year. Although the Greens want additional spending, the Free Democrats (FDP), which heads the finance ministry, reject additional debt and higher taxes. "There is a clear political decision in favour of Intel and nothing has changed yet," said an economy ministry spokesperson on Friday.

Persons: Liesa, Olaf Scholz's, Christian Lindner, Chancellor Olaf Scholz's, Joerg Kraemer, Robert Habeck, Habeck, Friedrich Merz, Christian Haase, Commerzbank's Kraemer, Maria Martinez, Andreas Rinke, Holger Hansen, Christian Kraemer, Madeline Chambers, Matthias Williams, Clarence Fernandez, Gerry Doyle, David Evans Organizations: REUTERS, Rights, Thursday, Greens, Free Democrats, Transformation, Intel, U.S, Christian Democratic Union, ESF, Economic, Stabilization, Thomson Locations: Berlin, Germany, Europe's

☆ They fell in love with Bali after visiting 3 years in a row. Step inside the sleek, modern home they built in the jungle.
▼ + stars: | 2023-11-17 | by ( Amanda Goh | ) www.businessinsider.com time to read: +12 min

Anna-Carina Tetzner and Sean Peel moved to Bali, Indonesia, from Australia right before the pandemic. AdvertisementAfter a few vacations in Bali, Anna-Carina Tetzner and Sean Peel decided it was where they wanted to live full time. Anna-Carina Tetzner and Sean Peel standing in front of their modular home in Bali. AdvertisementA modular design for DIYInstead of brick and mortar, the couple designed their own modular house that comprises steel frames and wood panels. Anna-Carina TetznerThis building method isn't all that common in Bali, Tetzner said: "In fact, we don't know of anyone who has built like us, pre-fabricated."

Persons: Anna, Carina Tetzner, Sean Peel, —, Tetzner, Peel, He'd, Carina Tetzner Peel, I've, Sean, Wells, it's, Carina, It's, They've, Amanda Goh Organizations: Service, Peel, Google, YouTube Locations: Bali, Indonesia, Australia, Ubud, Anna, Brisbane, Asia, Bali . Anna, Sunshine, Bali — Indonesian, it's Bali, agoh@businessinsider.com

☆ Sweden plans new nuclear reactors by 2035, will share costs
▼ + stars: | 2023-11-16 | by ( Simon Johnson | ) www.reuters.com time to read: +2 min

By 2045 the government wants to have the equivalent of 10 new reactors, some of which are likely to be small modular reactors (SMRs), smaller than conventional reactors. Energy Minister Ebba Busch said the government was planning a "massive build out" of new nuclear power by 2045. "It's decisive for the green transition, for Swedish jobs and at heart for the welfare of our citizens," she told reporters. Countries like Poland, the Czech Republic, and Britain are looking at expanding nuclear power as societies transition to a fossil-fuel free future. Sweden voted to get rid of nuclear power in 1980, and has only six of an original 12 reactors still in production.

Persons: Tom Little, Ebba Busch, Elisabeth Svantesson, Busch, Finland's, Germany's Uniper, Simon Johnson, Chizu Nomiyama, Elaine Hardcastle Organizations: Rights, Energy, EDF, Thomson Locations: Swedish, Stockholm, Sweden, Rights STOCKHOLM, Poland, Czech Republic, Britain

He was a unanimous MVP in 2021 and finished second to the Yankees' Aaron Judge in voting last year. This was just the 20th unanimous MVP vote since the award was established in 1931. Corey Seager was second with 24 second--place votes and 264 points, and Texas teammate Marcus Semien was third with five second-place votes and 216 points. Ohtani last spoke with reporters on Aug. 9, two weeks before he hurt the elbow while pitching against Cincinnati. Ohtani won AL Rookie of the Year in 2018 after leaving the Pacific League’s Hokkaido Nippon-Ham Fighters to sign with the Angels.

Persons: Ohtani, Aaron Judge, Corey Seager, Marcus Semien, Babe Ruth, Ruth batted, Atlanta's Ronald Acuña Jr, Tommy John, Nez Balelo, ___ Organizations: American League, Los Angeles Angels, Baseball Writers ’ Association of America, Yankees, Rangers, AL, Boston, Ohtani, Baseball, Cincinnati, Pacific, Ham Fighters, Angels, Pacific League's Locations: Texas, Hokkaido Nippon

☆ 100-year-old explains how he still has $1 million saved: 'I always lived within my means. I'm not a gambler.'
▼ + stars: | 2023-11-16 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

In addition to the death of his wife, Martha, in 2022, Stovall has lost nearly all of his friends. Before he retired at 65, Stovall worked for almost half a century in the steel industry, including almost 30 years with LBFoster. He's held many titles: sales manager, marketing manager, property manager. After he speaks to Martha's ashes in the morning, Stovall makes himself breakfast. Bill and Martha Stovall.

Persons: Bill Stovall, Stovall, Martha, He's, Janice, Bruce, Kaye, Toni, Robert, Charles, Bill, Martha Stovall Organizations: LBFoster, Social Security Locations: Cumming , Georgia, Belém, Brazil, Atlanta, Duluth , Georgia, LBFoster, Cumming

☆ Morning Bid: Consumers in focus as Walmart reports
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Vidya Ranganathan. Thursday's corporate calendar features a host of earnings reports that will shine further light on the health of the global consumer, as U.S. retailers Walmart (WMT.N), Bath & Body Works and Macy's (M.N) report earnings. Expectations for Walmart ride high after peer Target (TGT.N) surged by almost a fifth on Wednesday in the wake of its consensus-beating holiday sales forecast and upbeat view of its supply chain. Figures on Wednesday showed U.S. producer prices fell at their fastest pace since April 2020, and UK consumer inflation undershot all forecasts. Reuters GraphicsMeanwhile in Asia, Japan's exports are struggling due to slumping China-bound shipments of chips and steel.

Persons: Vidya Ranganathan, Eddie Wu, Christine Lagarde, Jerome Powell, What's, Joe Biden, Xi Jinping, England's Randall Kroszner, ECB's Christine Lagarde, Luis de Guindos, Fed's Loretta Mester, John Williams, Michael Barr, Jacqueline Wong Organizations: Vidya, Walmart, Body, Insider Intelligence, U.S, Bank, Events, Applied Materials, Siemens, SQM, Thomson Locations: U.S, Asia, China, San Francisco, Bath, France

☆ Japan's export growth slows as China, global downturn risks loom
▼ + stars: | 2023-11-16 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

A worker is seen among newly manufactured cars awaiting export at port in Yokohama, Japan, November 15, 2017. Weak exports have complicated Japan's efforts to spur economic growth with sluggish domestic demand also weighing on the post-pandemic recovery. Japan's export growth slowsJapan's economy weakened in July-September, snapping two straight quarters of expansion on soft consumption and exports, data showed on Wednesday. By destination, exports to China, Japan's largest trading partner, fell 4.0% year-on-year in October, posting 11 straight months of declines. The trade balance came to a deficit of 662.5 billion yen ($4.38 billion), versus the median estimate for a 735.7 billion yen deficit.

Persons: Toru Hanai, Atsushi Takeda, Tetsushi Kajimoto, Satoshi Sugiyama, Sam Holmes Organizations: REUTERS, TOKYO, Ministry of Finance, Itochu Economic Research Institute, Thomson Locations: Yokohama, Japan, China, United States, Europe

☆ Morning Bid: Ebbing oil sustains economic glow
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +6 min

Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. That drop, which takes annual producer price inflation as low as 1.3%, was driven largely by falling gasoline prices. And that meets news that China's oil refinery throughput fell back in October as industrial fuel demand weakened. The overall energy and inflation picture is helping buoy consumption and stokes the 'soft landing' narrative investors are betting on. The picture in overseas markets, where the economic picture is cloudier, was more mixed.

Persons: magnifier, Dado Ruvic, Mike Dolan, stokes, Mary Daly, Joe Biden, Xi Jinping, Xi, Biden, Washington, Christopher Waller, Lisa Cook, John Williams, Michael Barr, Loretta Mester, Christine Lagarde, Luis de Guindos, Andrea Enria, Dave Ramsden, Andres Manuel Lopez Obrador, Alexander Smith Organizations: REUTERS, U.S . Energy Information Administration, Walmart, Federal, San Francisco Fed, Treasury, U.S . Senate, Philadelphia Fed, Kansas City Fed, Applied, Ross Stores, Federal Reserve, Lisa Cook , New York Fed, Cleveland Fed, European Central Bank, Bank of England, New York Federal Reserve, Insider Intelligence, Reuters Graphics, Thomson, Reuters Locations: U.S, United States, China . U.S, Target, San Francisco, Taiwan, China, Kansas, Treasuries, Lisa Cook , New, Franciso, Reuters Graphics China

☆ Tesla's $1,900 Cyberquad for kids is back on sale, but there's still no sign of the Cybertruck
▼ + stars: | 2023-11-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Tesla's $1,900 "Cyberquad for kids" is now available to buy again on the company's website. The ride-on toy, which is inspired by the Cybertruck, was recalled last year over safety concerns. AdvertisementTesla has put its "Cyberquad for kids" back on sale, weeks before the expected launch of the Cybertruck. The $1,900 kids ride-on toy, which was recalled last year over safety concerns , is once again available to buy on Tesla's website. It is, however, certified as an "electric ride-on toy," Tesla said.

Persons: Tesla, — Organizations: Service, toymaker Flyer Radio, US Consumer Product Safety Commission, ATV, Business

Underscoring the frustration, Economy Minister Robert Habeck, a member of the pro-spending Greens, called the verdict "a huge blow to industrial policy". Speaking to parliament, Habeck warned the court ruling put at risk support for the steel sector, which is counting on subsidies to decarbonise and stay competitive. Finance Minister Christian Lindner meanwhile said it was too early to discuss the consequences of the court ruling. "The steel industry alone can contribute to reducing a third of total industrial emissions - and thus has enormous leverage to save millions of tons of CO2 in the coming years." "The political bottom line is that many coalition disputes will reopen as serious budget constraints kick in.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, BERLIN, Wednesday's, Chancellor Olaf Scholz, Habeck, Yesenn, DBRS Morningstar, hawkish Lindner, Lindner, Bernhard Osburg, Carsten Brzeski, Eurointelligence, Maria Martinez, Christian Kraemer, Andreas Rinke, Markus Wacket, Tom Kaeckenhoff, Matthias Williams, Alexandra Hudson, Susan Fenton Organizations: Finance, Climate, Economy, Greens, CHANGE, Budget, European Central Bank, Thomson Locations: United States, Berlin, Germany

Service centers - facilities that play a crucial role in supplying manufacturing companies nearly finished steel products - had paused purchases ahead of the United Auto Workers (UAW) union's coordinated strike against the Detroit automakers. However, many of them were soon forced to place large orders as stocks ran low and operations resumed at the carmakers. Reuters Graphics Reuters GraphicsThe automotive segment makes up about 25% of the total U.S. sheet demand, with about 65% of that attributable to the Big Three Detroit automakers in any given year, CRU data showed. Nucor Corp (NUE.N) has raised HRC prices to $950/st while U.S. Steel (X.N) recently announced a $100/st price increase, without specifying a final rate. Meanwhile, automakers stare at higher costs for a key raw material if prices extend their upward trajectory for longer.

Persons: union's, Ryan McKinley, Morgan, Philip Gibbs, Gordon Lee Johnson, Ananta Agarwal, Nathan Gomes, Arpan Varghese, Sriraj Organizations: Detroit Three, CRU Group . Service, United Auto Workers, UAW, Detroit, CRU, Reuters Graphics Reuters, Big Three Detroit, Cleveland Cliffs, HRC, Nucor Corp, U.S . Steel, KeyBanc, GLJ Research, Thomson Locations: Bengaluru

☆ U.S. renewable, grid battery projects battle transformer shortage
▼ + stars: | 2023-11-15 | by ( Nicole Jao | ) www.reuters.com time to read: +5 min

LONGER LEAD TIMESLarge-scale battery projects to store energy on grids and to smooth out the variance of wind and solar power are also seeing longer lead times. They are taking around 12 to 18 months to complete, around six months longer than they would take without the supply issues, said Andrew Waranch, chief executive of battery energy storage system developer Spearmint Energy. Utility AES Corp (AES.N) has stockpiled supplies of the equipment it needs to build battery storage projects through 2025, a company spokesperson said. A shortage of raw materials that has contributed to transformer supply delays is unlikely to ease soon, manufacturers said. The supply-demand dislocation has worsened with the rapid scale-up of wind, solar and storage projects.

Persons: Nick Oxford, Vanessa Witte, Wood Mackenzie, Ben Pratt, Pratt, we've, Reagan Farr, Farr, Andrew Waranch, Waranch, Marco Terruzzin, Doug Banty, Banty, John Darby, Nicole Jao, Simon Webb, Nick Zieminski Organizations: REUTERS, AES, Nova Clean Energy, Silicon, Spearmint Energy, Developers, American Clean Power Association, U.S . Energy Information Administration, AES Corp, MGM, Niagara, Thomson Locations: Big Spring , Texas, U.S, Chicago, Swiss, China, California, Russia, Ukraine, New York

☆ China objects to US proposal for APEC trade and investment policies -source
▼ + stars: | 2023-11-15 | by ( David Lawder | ) www.reuters.com time to read: +2 min

[1/2] U.S. Trade Representative Ambassador Katherine Tai speaks during an APEC Ministerial Meeting (AMM) Opening Session in San Francisco, California, U.S., November 15, 2023. REUTERS/Brittany Hosea-Small Acquire Licensing RightsSAN FRANCISCO, Nov 15 (Reuters) - China is objecting to a U.S. proposal for Asia Pacific Economic Cooperation members to incorporate sustainability and inclusivity into their trade and investment policies, a source briefed on the negotiations said on Wednesday. Talks on the issue were continuing at the APEC summit in San Francisco to try to find language that the group's 21 member states could agree on, the source said. U.S. Trade Representative Katherine Tai told a trade-focused plenary meeting she hoped the proposal, dubbed by the Biden administration as the "San Francisco Principles for Integrating Inclusivity and Sustainability into Trade and Investment Policy" could be still be finalized. Nonetheless, I remain optimistic that economies will finalize the San Francisco Principles soon."

Persons: Katherine Tai, Brittany Hosea, Biden, Tai, Joe Biden, Xi Jinping, David Lawder, Jonathan Oatis Organizations: . Trade, REUTERS, FRANCISCO, Asia Pacific Economic Cooperation, APEC, San Francisco, Trade, Investment, European Union, Thomson Locations: San Francisco , California, U.S, China, San Francisco

CAPE CANAVERAL, Fla. (AP) — SpaceX is aiming for another test flight of its mega rocket on Friday after getting final approval from federal regulators. The first launch of Starship ended in an explosion minutes after lifting off from South Texas in April. The Federal Aviation Administration issued its license Wednesday, noting that SpaceX has met safety, environmental and other requirements to launch again. Political Cartoons View All 1250 ImagesA month ago, the FAA completed its safety review of the upcoming Starship launch. It needed more time to wrap up its environmental review.

Persons: Elon Organizations: SpaceX, Federal Aviation Administration, Elon Musk's, NASA, FAA, Fish, Wildlife Service, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, South Texas, of Mexico, U.S, Boca Chica Beach, Indian, Hawaii

☆ Goodyear tune-up may go beyond rotating the tires
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Aug 20, 2023; Watkins Glen, New York, USA; A detailed view of Goodyear Eagle racing tires prior to the Go Bowling at The Glen at Watkins Glen International. Mandatory Credit: Matthew O'Haren-USA TODAY Sports Acquire Licensing RightsNEW YORK, Nov 15 (Reuters Breakingviews) - A century is a long time to accumulate bad habits. Goodyear Tire & Rubber (GT.O) on Wednesday said it would try to shed some, by selling $2 billion of assets, streamlining its business and paying down debt. As the $4 billion company tidies itself, it could turn out to be worth more in pieces. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Watkins, Matthew O'Haren, Richard Kramer, Elliott, Goodyear, Jonathan Guilford, taints, Jeffrey Goldfarb, Aditya Sriwatsav, Sharon Lam Organizations: Goodyear Eagle, Watkins Glen International, Reuters, Goodyear Tire &, Elliott Investment Management, Electric, United States Steel, Goodyear, X, Alstom, Thomson Locations: , New York, USA

The moderate West Virginia Democrat said Wednesday that he would never want to be a “spoiler” who contributed to getting any other candidate elected. Manchin said it would be “dangerous” to give Trump another term. “Because I Endorsed Big Jim Justice of West Virginia for the U.S. Senate, and he has taken a commanding lead, Democrat Joe Manchin has decided not to seek re-election. Manchin would have had a difficult path to reelection as the only remaining Democratic statewide officeholder in West Virginia, likely running against either GOP U.S. Rep. Alex Mooney or Gov. Manchin has long been friendly with No Labels, which has already begun holding private conversations with potential presidential nominees, Manchin among them.

Persons: Virginia Sen, Joe Manchin, Donald Trump, “, ” Manchin, Manchin, ‘, ”, Trump, Joe Biden, nudging, West Virginia governor's, Big Jim, Jim, Alex Mooney, Jim Justice, Utah Sen, Mitt Romney, I’ve, Manchin's, Sen, Markwayne Mullin, Sean O’Brien, Donald Trump’s, “ It’s, I’m, ’ ”, ’, ” “, we’re Organizations: —, Trump, West Virginia Democrat, Democratic, West Virginia, Senate, Big, U.S . Senate, GOP U.S . Rep, Utah, Federal, Commission, Republican, Oklahoma, International Brotherhood of Teamsters, Republicans, West Virginia Democrats, West, Washington Democrat Locations: CHARLESTON, W.Va, Virginia, America, West Virginia, Virginia’s, West, U.S, Washington

☆ Glencore-Led Group to Buy Teck’s Coal Business
▼ + stars: | 2023-11-14 | by ( Julie Steinberg | Ben Dummett | ) www.wsj.com time to read: 1 min

Swiss-based Glencore has been an outlier among major resources groups in sticking with coal. Photo: Jose Cendon/Bloomberg NewsCanadian miner Teck Resources said it is selling its coal assets to a group led by mining and trading giant Glencore in a deal that would cap a lengthy saga and be one of the biggest in mining this year. The transaction would value the business at around $9 billion. Under the terms of the deal, Switzerland-based Glencore will pay $6.93 billion for a 77% stake. Japan-based steelmaker Nippon will hold a 20% stake after converting existing holdings in some of Teck’s coal operations and paying cash, while South Korean steelmaker Posco will hold a 3% position after converting its holdings.

Persons: Jose Cendon Organizations: Bloomberg News, Resources, Nippon, South Locations: Switzerland, Japan

The world is off track in its efforts to curb global warming in 41 of 42 important measurements and is even heading in the wrong direction in six crucial ways, a new international report calculates. On the flip side, public money spent to create more fossil fuel use is going in the wrong direction and faster than it has in the past, said study co-author Kelly Levin, science and data director at the Bezos Earth Fund. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid 19th century. But he said the report shows “we’re really struggling to pick the low-hanging fruit.”___Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment. ___Follow Seth Borenstein on X, formerly known as Twitter, at @borenbears___Associated Press climate and environmental coverage receives support from several private foundations.

Persons: Kelly Levin, it’s, ” Levin, ”, Joe Thwaites, Katharine Jacobs, ” Jacobs, Justin Mankin, “ we’re, ___ Read, Seth Borenstein Organizations: Climate, World Resources Institute, Fund, United Nations, United, Natural Resources Defense, Arizona State University, Twitter, AP Locations: Canada, South Asia, Dubai, United States, Paris, Ukraine, Dartmouth

☆ A 'once-in-a-generation' factory construction boom won't bow to economic jitters. How investors can play it
▼ + stars: | 2023-11-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Now, the window is opening on orders for the components that will go into the construction, he added. One of those exchange-traded funds is TCW Transform Supply Chain ETF (SUPP), a play on the reshoring theme. "[Yet] in just [the past] six months, we've added about $300 billion of orders for mega projects," he added. "The United States is experiencing a once-in-a-generation onshoring boom," the company said during its Oct. 27 conference call. Another top holding is Martin Marietta Materials , which produces the aggregates used for construction projects.

Persons: Chris Snyder, Eli Horton, we've, there's, Horton, Snyder, Eaton, Craig Arnold, Arnold, Martin Marietta, Hortons, we're, Michael Bloom, Nick Wells Organizations: UBS, Federal Reserve, hasn't, Steel, Trane Technologies, Waste Management, Martin, Martin Marietta Materials Locations: U.S, United States

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