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☆ Canada's emission cuts unlikely to hit 2030 target, auditor general says
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Nov 7 (Reuters) - Canada's emissions reduction plan is flawed and will not reach the target of cutting greenhouse gas output by 40% to 45% below the 2005 level by 2030, the country's auditor general said on Tuesday. Falling short of the minimum 40% target for 2030 would mean Canada missing its commitment under the United Nations' Paris Agreement on climate change. Ottawa's plan is insufficient because key measures needed to meet the 2030 target were delayed or not prioritized, the office of the auditor general said in a statement. Canada has missed every emissions reduction target it has ever set. DeMarco said the government could still meet its 2030 target "with drive, focus, and leadership".

Persons: Justin Trudeau, Carlos Osorio, Jerry, Steven Guilbeault, Guilbeault, DeMarco, Ismail Shakil, David Ljunggren, Steve Scherer, David Evans, Deepa Babington Organizations: Billy Bishop Airport, Canada's, interprovincial, REUTERS, Rights OTTAWA, United Nations, Environment, Sustainable, Thomson Locations: Toronto , Ontario, Canada, Ottawa

☆ Mexico rules out severing ties with Israel over Gaza, calls for peace
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador has staked out a more moderate position than some other Latin American leftists, with Colombia, Chile and Honduras recalling their ambassadors to Israel over its strikes on Gaza. "We - and I want to be very clear when I say this - are not going to break relations with Israel, or take a position beyond calling for peace," Lopez Obrador said. Mexico's government condemned the attacks by Hamas against Israel on Oct. 7, but has also urged Israel to avoid civilian casualties in Gaza and is pressing for a two-state solution. Mexican diplomat Alicia Buenrostro, speaking last week at a U.N. emergency special session on Gaza, called for Israel to end the occupation of Palestinian territories. Reporting by Mexico City Newsroom Editing by Dave Graham and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andres Manuel Lopez Obrador, Lopez Obrador, Alicia Buenrostro, Dave Graham, Deepa Babington Organizations: Reuters, MEXICO CITY, Mexico City, Thomson Locations: Latin America, Caribbean, Palenque, U.S, Palenque , Mexico, MEXICO, Israel, Gaza, Colombia, Chile, Honduras, Gaza . Bolivia, Mexico, Mexican

☆ Bittersweet goodbye for Gaza doctor as family leaves enclave
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/3] Palestinian doctor Mohammad Abu Namoos, who chose to stay in Gaza to treat patients, says goodbye to his family before they leave the strip, amid the ongoing conflict with Israel, at Rafah border crossing, in Rafah in the southern Gaza Strip, November 7, 2023. Namous' family, who hold Moldovan citizenship, are among hundreds of Gazans with foreign passports being permitted to leave to Egypt through the crossing, the only way out of the besieged Palestinian enclave that does not border Israel. The entire Gaza Strip is unsafe. "Of course, I am getting them out, but I myself will be staying in the Gaza Strip. Abu Namous' daughter, Dina, said she felt both excited and sad at the prospect of leaving.

Persons: Mohammad Abu Namoos, Abu Mustafa, Mohammad Abu Namous, Namous, Abu Namous, Zahra, U.N, General Antonio Guterres, Dina, Arafat Barbakh, Ibraheem Abu Mustafa, Imad Creidi, Deepa Babington, Rosalba O'Brien Organizations: REUTERS, Moldovan, Reuters, Palestinian, Hamas, Health, Thomson Locations: Gaza, Israel, Rafah, Egypt, al

REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSummary Saudi Arabia and Russia supply cuts to remain until year-endChina's refinery throughput slows from record levelsEuro zone recession fears amplified by PMI dataHOUSTON, Nov 6 (Reuters) - Oil prices edged higher on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Russia also announced it would continue its additional voluntary cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Oil prices rebounded after both benchmarks lost about 6% in the week to Nov. 3, as supply concerns driven by Middle East tensions eased. A weaker dollar also helped oil prices. Lower borrowing cost is likely to boost spending and demand for crude oil.

Persons: Agustin Marcarian, John Kilduff, Giovanni Staunovo, Huw Pill, Robert Harvey, Florence Tan, Colleen Howe, Deepa Babington, Mark Potter, Christina Fincher, Bill Berkrot Organizations: REUTERS, PMI, HOUSTON, Brent, U.S, West Texas, Saudi, Investors, Bank of England, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Russia, New York, OPEC, Gaza, U.S, China, Europe

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSummary Saudi Arabia and Russia supply cuts to remain until year-endChina's refinery throughput slows from record levelsEuro zone recession fears amplified by PMI dataHOUSTON, Nov 6 (Reuters) - Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Russia also announced it would continue its additional voluntary cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Oil prices rebounded after both benchmarks lost about 6% in the week to Nov. 3. Monday's oil price gains may have been capped by an easing of crude throughput at Chinese refineries.

Persons: Agustin Marcarian, Dennis Kissler, Giovanni Staunovo, Tamas Varga, Robert Harvey, Florence Tan, Colleen Howe, David Goodman, Kirsten Donovan, Deepa Babington Organizations: REUTERS, PMI, HOUSTON, Brent, U.S, West Texas, BOK Financial, Reuters, Saudi, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Russia, Saudi, OPEC, China’s, China, Europe

☆ US Plans Precision Bombs Transfer to Israel -Source
▼ + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

WASHINGTON (Reuters) - President Joe Biden's administration has informed the U.S. Congress that it is planning a $320 million transfer of precision bombs for Israel, a source familiar with the plan said on Monday. The Wall Street Journal first reported that the administration sent formal notification on Oct. 31 to congressional leaders of the planned transfer of Spice Family Gliding Bomb Assemblies, a type of precision guided weapon fired by warplanes. Citing correspondence it viewed, the Journal said weapons manufacturer Rafael USA would transfer the bombs to its Israeli parent company Rafael Advanced Defense Systems for use by the Israeli defense ministry. Earlier on Monday, the United Nations said Gaza is becoming a "graveyard for children," amplifying demands for a ceasefire as Palestinian health authorities said the death toll from Israel strikes had exceeded 10,000. (Reporting by Patricia Zengerle, editing by Deepa Babington)

Persons: Joe Biden's, Rafael, Patricia Zengerle, Deepa Babington Organizations: WASHINGTON, U.S . Congress, Street Journal, Rafael Advanced Defense Systems, United Locations: Israel, United Nations, Gaza

An electronic board shows stock indexes at the Lujiazui financial district in Shanghai, China, March 21, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 7 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. This is their best run in a year, powered by easing financial conditions in the form of lower U.S. bond yields and a weaker dollar, and renewed faith in the U.S. economic 'soft landing' scenario. Having under-performed global and developed market benchmarks last week, Asian stocks could be set to outperform this week. Skeptical foreign investors will need more than one month of slowing imports and exports decline though.

Persons: Aly, Jamie McGeever, Goldman Sachs, Deepa Babington Organizations: REUTERS, Bank of Korea, Thomson, Reuters Locations: Shanghai, China, U.S, India, Asia, Taiwan, Philippines, Indonesia, Japan, Australia

☆ US Senate Republicans unveil border plan as House Ukraine bill looms
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

2 Senate Republican John Thune told reporters that Johnson's plan has "a lot" of support among Republicans in the Senate, adding: "It'd be strong." The Republican-controlled House passed HR-2 in May, but the bill has gone nowhere in the Democratic-led Senate. Among other things, the Senate Republican proposal would resume construction of a border wall -- former President Donald Trump's signature goal -- in addition to deeming large numbers of migrants ineligible for asylum. Republican border provisions face broad opposition from Democrats in Congress and from President Joe Biden. He told reporters that a bill linking Ukraine aid to border security would come soon.

Persons: San Nicolas de los, Daniel Becerril, Mike Johnson, Republican John Thune, Lindsey Graham, Tom Cotton, James Lankford, Donald Trump's, Joe Biden, Johnson, David Morgan, Scott Malone, Deepa Babington Organizations: REUTERS, Rights, U.S, Senate Republicans, Republican, Republicans, Democratic, Democrats, Internal Revenue Service, Thomson Locations: U.S, Nuevo Leon, San Nicolas, San Nicolas de los Garza, Mexico, Ukraine, Republican, Israel

☆ US plans precision bombs transfer to Israel -source
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ronen Zvulun/File Photo Acquire Licensing RightsWASHINGTON, Nov 6 (Reuters) - President Joe Biden's administration has informed the U.S. Congress that it is planning a $320 million transfer of precision bombs for Israel, a source familiar with the plan said on Monday. The Wall Street Journal first reported that the administration sent formal notification on Oct. 31 to congressional leaders of the planned transfer of Spice Family Gliding Bomb Assemblies, a type of precision guided weapon fired by warplanes. Citing correspondence it viewed, the Journal said weapons manufacturer Rafael USA would transfer the bombs to its Israeli parent company Rafael Advanced Defense Systems for use by the Israeli defense ministry. Earlier on Monday, the United Nations said Gaza is becoming a "graveyard for children," amplifying demands for a ceasefire as Palestinian health authorities said the death toll from Israel strikes had exceeded 10,000. Reporting by Patricia Zengerle, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Benjamin Netanyahu, Ronen, Joe Biden's, Rafael, Patricia Zengerle, Deepa Babington Organizations: U.S, Israeli, White, Consulate, REUTERS, Rights, U.S . Congress, Street Journal, Rafael Advanced Defense Systems, United, Thomson Locations: U.S, Israeli, Tel Aviv, Israel, United Nations, Gaza

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

☆ Explainer: What's at stake as Alberta seeks to split from Canada Pension Plan
▼ + stars: | 2023-11-01 | by ( Maiya Keidan | ) www.reuters.com time to read: +4 min

TORONTO, Nov 1 (Reuters) - Canadian Finance Minister Chrystia Freeland will seek to challenge Alberta Premier Danielle Smith's plan to pull her province out of the Canada Pension Plan (CPP), in a meeting with provincial and territorial counterparts on Friday. A nationwide pension scheme called CPP that took contributions from paychecks began in the late 1960s. CPP Investments - an entity to manage its assets - was created in 1997 by the Canada Pension Plan Investment Board Act. AIMCo has not been considered a vehicle for a new Alberta pension plan. If Alberta walks away with more than 22.5% of assets, CPP contributions from everywhere else in the country would have to increase, Tombe estimates.

Persons: Chrystia Freeland, Danielle Smith's, Justin Trudeau, Pierre Poilievre, paychecks, AIMCo, SMITH, Smith, Patrik Marier, Trevor Tombe, Tombe, Maiya Keidan, Deepa Babington Organizations: TORONTO, Canadian Finance, Canada, Conservative Party, CPP Investments, Plan Investment, Investments, Alberta Investment Management Corp, Concordia University, University of Calgary, British Columbia, Thomson Locations: Quebec, Alberta, Ottawa, ALBERTA, Western, Ontario

☆ Canada caps immigration target amid housing crunch, inflation
▼ + stars: | 2023-11-01 | by ( Wa Lone | ) www.reuters.com time to read: +2 min

"These immigration levels will help set the pace of Canada's economic and population growth while moderating its impact on critical systems such as infrastructure and housing," Miller said. Canada's population has grown mainly through immigration, and population growth has helped fuel economic growth in recent years. But some economists have blamed immigration for worsening the country's housing shortage, though immigrants also work in industries like construction that are facing a labor shortage. For this reason, the Bank of Canada has said immigration has been both a driver and a brake for inflation, which stood at 3.8% in September. More consumers mean more demand, which pushes up prices, but immigrants entering the work force also help keep down labor costs.

Persons: Christinne, Marc Miller, Miller, Wa, Ismail Shakil, Steve Scherer, Deepa Babington Organizations: REUTERS, Rights TORONTO, Bank of Canada, Statistics, Institute for Canadian Citizenship, Wa Lone, Thomson Locations: Canada, U.S, Champlain , New York, Ottawa, Statistics Canada, Toronto

Orsted, the world's largest offshore wind developer, said it would stop developing its 2,248-megawatt (MW) Ocean Wind 1 and 2 projects in New Jersey. The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and supply chain delays. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. Orsted, which in June announced plans to invest 475 billion crowns by 2030, said it was in the process of reviewing its investments and could introduce cost-saving initiatives. Orsted's share price has tumbled 52% since an August profit warning, cutting its market value to 112 billion crowns from 235 billion.

Persons: Joe Biden, Norway's, Mads Nipper, Nipper, Bernstein, Deepa Venkateswaran, Jacob Gronholt, Pedersen, Louise Rasmussen, Gursimran Kaur, Terje Solsvik, Michael Perry, Mark Potter Organizations: Wednesday, U.S, BP, Thomson Locations: U.S, New Jersey, New York, Danish, Copenhagen, Bengaluru

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. The GM workers will return to work after an official announcement of the deal, two sources said. Ford shares fell 2% while Stellantis shares were down 1.5% in Milan. Excluding Monday's share moves, GM and Ford shares have lost roughly a fifth of their value since the strike began while Stellantis shares have fallen 1%. "The Street is glad to have this UAW nightmare in the rear view mirror with a less onerous deal than originally feared for the Detroit Big 3," Wedbush analyst Daniel Ives said.

Persons: Rebecca Cook, Stellantis, Patrick Anderson, Shawn Fain, Fain, Joe Biden, Biden, Tesla, Ford, Erik Gordon, Daniel Ives, David Shepardson, Joseph White, Shivansh Tiwary, Deepa Babington, David Gaffen, Peter Henderson, Alistair Bell Organizations: General Motors, REUTERS, Detroit, United Auto Workers, UAW, Reuters, Detroit Three automakers, Ford Motor, Chrysler, Anderson Economic Group, GM, Ford, Democratic, Detroit Three, Detroit automakers, EV, Toyota, University of Michigan, Kentucky, Detroit Big, Thomson Locations: Detroit , Michigan, U.S, Detroit, Milan, Arlington , Texas, Tahoe, Sterling Heights , Michigan, Hill, Tenn, Washington

☆ Jordan Asked US to Deploy Patriot Air Defence Missiles -Army
▼ + stars: | 2023-10-29 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Suleiman Al-KhalidiAMMAN (Reuters) -Staunch U.S. ally Jordan asked Washington to deploy Patriot air defence systems to bolster its border defence at a time of heightened regional tensions and conflict, the spokesperson for the country's army said on Sunday. "We asked the American side to help bolster our defence system with Patriot air defence missile systems," Brigadier General Mustafa Hiyari, Jordan's army spokesperson, told state television. U.S. Patriot missiles were stationed in the kingdom in 2013 following an uprising in northern neighbour Syria where the kingdom feared a civil war could spill over and ignite a regional conflict. The Patriot, considered one of the most advanced U.S. air defense systems, is usually in short supply, with allies around the world vying for it. "The drones have become a threat on all our fronts," army spokesperson Hiyari said.

Persons: Suleiman Al, Khalidi, Jordan, General Mustafa Hiyari, Hiyari, Lloyd Austin, Amman, Deepa Babington, Grant McCool Organizations: U.S . Patriot, Pentagon, United, Senior Biden, Defense, Border Locations: Khalidi AMMAN, U.S, Washington, Syria, Gaza, Israel, United States, Iran, Iraq

☆ Jordan asked US to deploy Patriot air defence missiles, army says
▼ + stars: | 2023-10-29 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +3 min

AMMAN, Oct 30 (Reuters) - Staunch U.S. ally Jordan asked Washington to deploy Patriot air defence systems to bolster its border defence at a time of heightened regional tensions and conflict, the spokesperson for the country's army said on Sunday. "We asked the American side to help bolster our defence system with Patriot air defence missile systems," Brigadier General Mustafa Hiyari, Jordan's army spokesperson, told state television. U.S. Patriot missiles were stationed in the kingdom in 2013 following an uprising in northern neighbour Syria where the kingdom feared a civil war could spill over and ignite a regional conflict. The Patriot, considered one of the most advanced U.S. air defense systems, is usually in short supply, with allies around the world vying for it. "The drones have become a threat on all our fronts," army spokesperson Hiyari said.

Persons: Jordan, General Mustafa Hiyari, Hiyari, Lloyd Austin, Amman, Suleiman Al, Khalidi, Deepa Babington, Grant McCool Organizations: U.S . Patriot, Pentagon, United, Senior Biden, Defense, Border, Thomson Locations: AMMAN, U.S, Washington, Syria, Gaza, Israel, United States, Iran, Iraq

☆ With eye on 2024, Republicans push for early voting despite Trump's rhetoric
▼ + stars: | 2023-10-26 | by ( Joseph Ax | ) www.reuters.com time to read: +6 min

That could make it difficult for the party to deliver a coherent message on early voting. In an advertisement that aired during the first Republican presidential debate in August, RNC Chairwoman Ronna McDaniel said into the camera: "When Republicans vote early, we win." With Trump railing against the practice, Democrats have increased their edge in early voting. In 2022, that gap widened, with Democrats accounting for 42.5% of early ballots and Republicans 33.8%. But Youngkin advisers said their data showed the early vote campaign had brought in ballots from low-propensity voters as well.

Persons: Glenn Youngkin, Jonathan Ernst, Donald Trump, Trump, haven't, Youngkin, Ronna McDaniel, Tom Bonier, Bonier, Dave Rexrode, Joseph Ax, Nathan Layne, Colleen Jenkins, Deepa Babington Organizations: Virginia Republican, REUTERS, Virginia, White House, U.S, Senate, Republican, Republican State Leadership Committee, Republican National Committee, Trump, University of Florida, Banking, Democrats, Republicans, Democratic Legislative, Committee, Democratic, Thomson Locations: Chantilly , Virginia, U.S, Virginia, Henrico County, Iowa

☆ Amazon predicts bright holiday season, cloud stabilizing
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +3 min

Facing an array of challenges to its business, Amazon is trying to keep its mantle as the world's biggest cloud provider and online retailer. The U.S. Federal Trade Commission in September sued Amazon for allegedly inflating prices and wielding monopoly power, claims that Amazon has disputed. Microsoft, the second-largest cloud provider by revenue after Amazon, beat Wall Street estimates this week as its customers geared up for AI upgrades. Amazon Web Services brought in revenue of $23.1 billion, compared with analysts' expectations of $23.09 billion. For the current holiday quarter, the company forecast revenue in the range of $160 billion and $167 billion.

Persons: Gonzalo Fuentes, Long, Andy Jassy, LSEG, Akash Sriram, Anil D'Silva, Deepa Babington Organizations: REUTERS, Amazon.com Inc, Google, Microsoft, Amazon, U.S . Federal Trade Commission, Amazon Web Services, Wall, Web Services, Thomson Locations: Bretigny, Paris, France, Bengaluru

The House backed the resolution by 412 to 10, with six members voting "present," reflecting traditional strong support in Congress for the Jewish state. The non-binding measure reaffirms U.S. commitment to Israel and calls on Hamas to immediately cease attacks and release every hostage. Johnson, a social conservative with little leadership experience, was elected speaker on Wednesday. The Johnson-led House must soon address a measure that would have the force of law. Like many other Republicans closely allied to former President Donald Trump, the new speaker has been an opponent of Ukraine aid.

Persons: Mike Johnson, Israel, Johnson, Kevin McCarthy, Joe Biden, Donald Trump, Patricia Zengerle, David Morgan, Deepa Babington, Cynthia Osterman Organizations: Representatives, Republican, U.S, Capitol, U.S . House, Republicans, Democrats, Democratic, Israel, Russia, Reuters, Thomson Locations: Washington , U.S, WASHINGTON, Israel, U.S, Ukraine, Taiwan, Palestinian, Gaza

☆ Republicans likely to gain three seats under North Carolina's new congressional map
▼ + stars: | 2023-10-25 | by ( Joseph Ax | ) www.reuters.com time to read: +1 min

North Carolina's Legislative Building seen in Raleigh, North Carolina, U.S. on December 19, 2016. The House of Representatives passed the new map along party lines on Wednesday afternoon, after the Senate did the same on Tuesday. The latest map creates 10 safely Republican districts, three Democratic districts and one highly competitive seat, centered in the eastern part of the state. Democrats would have to flip five seats in the 435-seat U.S. House next year to regain control of that chamber. Reporting by Joseph Ax and Gabriella Borter Editing by Colleen Jenkins and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Drake, Roy Cooper, Joseph Ax, Gabriella Borter, Colleen Jenkins, Deepa Babington Organizations: REUTERS, Carolina's Republican, Democratic, U.S . House, Representatives, Senate, House, Thomson Locations: Carolina's, Raleigh , North Carolina, U.S, North Carolina

☆ Lula approval falls on view Brazil economy slipping -Genial/Quaest poll
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Brazil's President Luiz Inacio Lula da Silva attends a meeting with Chinese Politburo Standing Committee member, Li Xi at the Planalto Palace in Brasilia, Brazil September 22, 2023. REUTERS/Adriano Machado/File Photo Acquire Licensing RightsBRASILIA, Oct 25 (Reuters) - Approval of President Luiz Inacio Lula da Silva's performance has fallen on Brazilian worries that Latin America's largest economy is worsening, a new Genial/Quaest poll showed on Wednesday. Approval of his way of governing has fallen to 54% in October from 60% in August, while 42% of those polled say he is doing a bad job, up from 35% in the previous survey. Genial/Quaest interviewed 2,000 people of voting age between Oct. 19 and Oct. 22. The poll has a 2.2 percentage point error margin.

Persons: Luiz Inacio Lula da Silva, Li Xi, Adriano Machado, Luiz Inacio Lula da, Quaest pollster Felipe Nunes, Lula, Jair Bolsonaro, Quaest, Anthony Boadle, Steven Grattan, Jonathan Oatis, Deepa Babington Organizations: REUTERS, Rights, Thomson Locations: Brasilia, Brazil, Rights BRASILIA

☆ UN says no aid trucks entered Gaza on Tuesday
▼ + stars: | 2023-10-24 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

She did not say why the trucks had not been able to cross into Gaza from Egypt on Tuesday. The United States is negotiating with Israel, Egypt and the United Nations to try and create a delivery mechanism to get aid into Gaza. They are wrangling over procedures for inspecting the aid and bombardments on the Gaza side of the border. Since limited aid deliveries began on Saturday, 54 trucks have crossed into Gaza carrying food, medicine and water, which U.N. Secretary-General Antonio Guterres described as "a drop of aid in an ocean of need." Senior U.N. aid official Lynn Hastings had earlier told the Security Council that 20 trucks were due to cross on Tuesday.

Persons: Khan Younis, Abu Mustafa, Joe Biden, Eri Kaneko, Biden, Antonio Guterres, Lynn Hastings, John Kirby, Hastings, Michelle Nichols, Ismail Shakil, Deepa Babington Organizations: United Nations, REUTERS, UNITED NATIONS, White, Security Council, White House, Thomson Locations: Gaza, Egypt, United States, Israel, Rafah

[1/6] A used KIA EV6 electric car is seen for sale outside the showroom of a used car dealer in Manchester, Britain, October 19, 2023. But that is changing as companies rush to scale up EV battery tests - some of which take just minutes. "If the second-hand car market doesn't work properly, the new car market doesn't work properly and the electric transition won't happen," said Alex Johns, business development manager at Altelium, which says it has received interest from other markets including China. The race to properly value used EVs is becoming urgent because of a looming influx of vehicles. "People just want less risk," when buying a used EV, said Battery Quick Check managing director Katharina Alamo Alonso.

Persons: Phil Noble, EVs, Alex Johns, Marcus Berger, Berger, Tesla, Stephanie Valdez Streaty, Eldar Vagabov, Michael Willvonseder, Willvonseder, Scott Case, Case, Katharina Alamo Alonso, Nick Carey, Paul Lienert, Ben Klayman, Deepa Babington Organizations: REUTERS, EV, Volkswagen, Deutsche, Mobility, Cox Automotive, Wiener, Owners, TUV Rheinland, Thomson Locations: Manchester, Britain, DETROIT, U.S, Altelium, China, Austrian, Germany, Atlanta, Manheim, Europe, Wiener Neustadt, Vienna, Seattle

Chinese Foreign Minister Wang Yi speaks at a press conference on the sidelines of the Third Belt and Road Forum (BRF), at the media centre in Beijing, China October 18, 2023. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsWASHINGTON, Oct 23 (Reuters) - China's top diplomat Wang Yi will travel to the United States later this week, senior Biden administration officials said on Monday, in a long-anticipated visit that comes amid soaring tensions in the Middle East, which U.S. officials hope Beijing can help contain. It is also the long-awaited reciprocal visit after several top U.S. officials including Blinken visited Beijing this summer. The visit also comes as Hamas' Oct. 7 attacks and Israel's response dominate global headlines, even as Russia's war in Ukraine grinds on. Washington is sending military aid to Israel and Ukraine, while Beijing has grown closer to Russia since the Ukraine war began and has called for a ceasefire between Israel and Hamas.

Persons: Wang Yi, Tingshu Wang, Wang, Antony Blinken, Joe Biden's, Jake Sullivan, Biden, Joe Biden, Xi Jinping, Blinken, ” Washington, Israel, Li Shangfu, Humeyra Pamuk, Simon Lewis, Deepa Babington Organizations: REUTERS, Rights, Biden, U.S, Hamas, East China Seas, Defense, Thomson Locations: Beijing, China, United States, Washington, San Francisco, Taiwan, South, Ukraine, Israel, Russia, U.S, Iran, Gaza, East, South China, Philippines

☆ Israel will not hold off on ground offensive over hostages-minister tells Bild
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

Israeli Energy Minister Israel Katz listens to a talk on the gas platform for Leviathan, Israel's largest gas field, talks, near Haifa bay, northern Israel, August 1, 2023. REUTERS/Ari Rabinovitch/File Photo Acquire Licensing RightsFRANKFURT, Oct 24 (Reuters) - Israel will not hold off on a possible ground invasion of Gaza over the issue of captives being held there, Israel's energy minister told German tabloid newspaper Bild. In an interview published on Tuesday, energy minister Israel Katz said everything would be done to bring the hostages home. "But that cannot hinder our actions including the ground offensive, if we decide on it," he was quoted as saying. "Hamas wants us to deal with the captives and wants the military to not go in to eliminate their infrastructure.

Persons: Israel Katz, Ari Rabinovitch, Katz, Ludwig Burger, Deepa Babington Organizations: Energy, REUTERS, Rights, Thomson Locations: Haifa, Israel, Gaza

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