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REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBRUSSELS, Sept 22 (Reuters) - Intel (INTC.O) was fined 376 million euros ($400 million) on Friday in an EU antitrust case stemming from actions the U.S. chipmaker took between 2002 and 2006. An initial record fine of 1.06 billion euros in 2009 was thrown out last year by the Luxembourg-based General Court, Europe's second highest. The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case. "The General Court confirmed that Intel's naked restrictions amounted to an abuse of dominant market position under EU competition rules," the European Commission said in a statement. The Commission has appealed the General Court's ruling last year at the EU Court of Justice, Europe's top court.

Persons: Dado Ruvic, chipmaker, Court's, Europe's, Bart Meijer, Jane Merriman, Jason Neely Organizations: REUTERS, Rights, Intel, European Commission, Devices, HP, Lenovo, HK, EU, Justice, Thomson Locations: Rights BRUSSELS, Luxembourg

☆ Toyota to speed up EV production, aims for over 600,000 vehicles in 2025, Nikkei reports
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, Thailand, March 30, 2022. REUTERS/Soe Zeya Tun Acquire Licensing RightsCompanies Toyota Motor Corp FollowTOKYO, Sept 22 (Reuters) - Toyota Motor (7203.T) will speed up production of electric vehicles of its Toyota and luxury Lexus brands, the Nikkei newspaper reported on Friday. The Nikkei report said the Japanese automaker was likely to step up production of battery-powered vehicles over the coming years to reach annual output of more than 600,000 vehicles in 2025. The company has previously said it targets sales of 1.5 million EVs annually by 2026 and 3.5 million, or about one-third of current global volume, by 2030. It sought to raise EV production to about 150,000 vehicles in 2023 and gradually increase it further to the 190,000-vehicle range next year, Nikkei said.

Persons: Soe Zeya, Daniel Leussink, Himani Sarkar, Jane Merriman Organizations: Toyota, REUTERS, Rights, Toyota Motor Corp, Lexus, Nikkei, Thomson Locations: Bangkok, Thailand

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. U.S. West Texas Intermediate crude (WTI) climbed 36 cents, or 0.4%, to $90.02. The Fed on Wednesday maintained interest rates, but stiffened its hawkish stance, projecting a quarter-percentage-point increase to 5.50-5.75% by year-end. "The Fed stance and a strong labor market has driven equities and commodities lower, pressuring oil," said Kilduff. Oil prices remained supported by concern about tight supply globally entering the fourth quarter.

Persons: Tatiana Meel, Brent, refiners, Tamas Varga, Vargas, John Kilduff, Paul Carsten, Natalie Grover, Laura Sanicola, Trixie Yap, Sonali Paul, Jane Merriman, Alexandra Hudson, David Gregorio Our Organizations: . West Texas, . Federal, Fed, U.S ., U.S . Labor Department, Bank of England, Organization of, Petroleum, Thomson Locations: Nakhodka, Russia, Russian, ., New York, Norway's, Cushing, London

☆ Thailand's new PM meets Tesla chief Musk in New York
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsBANGKOK, Sept 21 (Reuters) - Thailand's new Prime Minister Srettha Thavisin said on Thursday he met with Tesla (TSLA.O) chief Elon Musk in New York, where they discussed the electric vehicle industry. Srettha, who is in New York to attend the United Nations General Assembly, said he spoke with Musk about EV manufacturer Tesla and his rocket and satellite company SpaceX, including its internet venture Starlink. Around half of all regional EV sales are from Thailand, followed by Vietnam and Indonesia, with Chinese carmakers like BYD leading by a wide margin. Tesla, also popular in Thailand, launched models in the growing market last year.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Srettha Thavisin, Tesla, Asia's, Srettha, Chayut Setboonsarng, Jane Merriman, Richard Chang Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Rights, EV, United Nations General Assembly, Twitter, Toyota, Honda, Thomson Locations: Paris, France, Rights BANGKOK, New York, Thailand, Southeast Asia, Japanese, Vietnam, Indonesia, Asia

☆ Apple's Chinese supplier Luxshare's production of some iPhone 15s doubled in a year
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ann Wang/File Photo Acquire Licensing RightsBEIJING, Sept 21 (Reuters) - Apple Inc's (AAPL.O) Chinese supplier Luxshare Precision Industry (002475.SZ) is producing three models of iPhone 15 series this year, and the business has doubled in a year, Luxshare's chairwoman said on Thursday. Luxshare has increased the production types and numbers of Apple's iPhone products in recent years, Wang added. "Luxshare is continuing to expand its production capacity in China to meet Apple's needs," Wang said, adding the company built a new plant in Kunshan last year to support the development and mass production of iPhone. "The fact that Luxshare Precision can have this scale this year is inseparable from Apple's support," Wang told the Paper. Founded in 2004, Luxshare became an Apple supplier in 2011 and has steadily moved up the hardware giant's value chain, from making connector cables for the iPhone and Macbook to manufacturing Airpods.

Persons: Ann Wang, Wang Laichun, Wang, Luxshare, Ella Cao, Meg Shen, Jane Merriman Organizations: Apple, REUTERS, Rights, Luxshare Precision Industry, Apple Vision, Thomson Locations: Taipei, Taiwan, Rights BEIJING, China, Kunshan, Beijing, Hong Kong

☆ No strong case for jacking up bank charges: ECB's Wunsch
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Sept 21 (Reuters) - There are no strong arguments for the European Central Bank to increase mandatory reserves for banks, Belgian central bank chief Pierre Wunsch said on Thursday, weighing in on a key debate about a potential move to tighten policy further. The ECB cut to zero the rate it pays to banks on mandatory reserves earlier this year. Some policymakers are now pushing for an increase in the reserve requirement, in part to reduce losses associated with the multi-trillion-euro pool of excess liquidity sloshing around banks. "I don't see any strong argument for using movements in the reserve requirements when we still have this huge portfolio (of bonds) that we can reduce," Wunsch told the Reuters Global Markets Forum. But Wunsch said that reducing central bank losses should not be the objective of monetary policy and changing the rules now could make commercial banks wary of taking part in future stimulus schemes.

Persons: Pierre Wunsch, Wunsch, Banks, Divya Chowdhury, Balazs Koranyi, Jane Merriman, Chizu Organizations: European Central Bank, ECB, Reuters Global Markets, Thomson Locations: Belgian, Mumbai

☆ Dinosaur known as 'Barry' goes on sale in rare Paris auction
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

The dinosaur, which was first discovered in the 1990s in the U.S. state of Wyoming, was initially restored in 2000 by palaeontologist Barry James, from whom it got its name. "It is an extremely well-preserved specimen, which is quite rare," said Alexandre Giquello, from Paris auction house Hotel Drouot where the sale will take place. "To take the example of its skull, the skull is complete at 90% and the rest of the dinosaur (skeleton) is complete at 80%," he said. Dinosaur specimens on the art market remain rare, with no more than a couple of sales a year worldwide, Giquello said. The skeleton, which will be shown to the public in mid-October before the sale, is expected to fetch up to 1.2 million euros ($1.28 million).

Persons: Barry, Barry James, Alexandre Giquello, Giquello, Louise Dalmasso, Jane Merriman Organizations: Thomson Locations: PARIS, Paris, U.S ., Wyoming, Drouot

REUTERS/Chris Wattie/File Photo Acquire Licensing RightsTORONTO, Sept 17 (Reuters) - Bank of Montreal (BMO) (BMO.TO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third-largest bank said. The bank, which announced the move on Saturday, has conducted this business in Canada and the United States. Under the indirect retail auto finance business, the bank works with car dealerships to arrange financing for buyers, who make monthly payments to the lender. "By winding down the indirect retail auto finance business, we have the ability to focus our resources on areas where we believe our competitive positioning is strongest," BMO said in a statement to Reuters. The remaining loans in this portfolio are primarily auto loans, but also include other loans, including loans for boats, recreational vehicles and motorcycles, Edward Jones analyst James Shanahan said.

Persons: Chris Wattie, Paul Hunsley, Edward Jones, James Shanahan, Nivedita Balu, Denny Thomas, Jane Merriman, Susan Fenton, Will Dunham, Diane Craft Organizations: of Montreal, BMO, REUTERS, Rights, Bank of Montreal, Reuters, The, Bank, Thomson Locations: Ottawa , Ontario, Canada, United States, California, Toronto

A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsTORONTO, Sept 17 (Reuters) - Bank of Montreal (BMO) (BMO.TO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third largest bank said on Saturday. "By winding down the indirect retail auto finance business, we have the ability to focus our resources on areas where we believe our competitive positioning is strongest," BMO said in a statement to Reuters. Under the indirect retail auto finance business, the bank provides financing to the vehicle seller instead of directly to the buyer, who makes monthly payments to the lender. The United States now accounts for more than two-thirds of BMO's overall profits.

Persons: Chris Wattie, Paul Hunsley, Gross, Nivedita Balu, Denny Thomas, Jane Merriman, Susan Fenton Organizations: of Montreal, BMO, REUTERS, Rights, Bank of Montreal, Reuters, Bank, Thomson Locations: Ottawa , Ontario, Canada, United States, California, Toronto

☆ DirecTV to temporarily restore Nexstar-owned stations
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

A DirecTV satellite dish is seen on a residential home in Encinitas, California November 5, 2014. REUTERS/Mike Blake Acquire Licensing RightsSept 17 (Reuters) - DirecTV and Nexstar (NXST.O) have agreed to temporarily return the signals of the Nexstar-owned stations and national cable news network NewsNation to DirecTV, DirecTV Stream and U-verse, the companies said in a joint statement on Sunday. In July, satellite provider DirecTV removed TV station owner Nexstar's network and local community programming from its satellite, cable and streaming systems as they failed to reach a new distribution agreement. Nexstar, the largest local TV station owner in the U.S., had previously said that DirecTV rejected its offer to extend the current distribution agreement to Oct. 31, affecting its markets in Los Angeles, Chicago, Philadelphia, San Francisco and Denver. Reporting by Kanjyik Ghosh and Shivani Tanna in Bengaluru; Editing by Alex Richardson and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Kanjyik Ghosh, Alex Richardson, Jane Merriman Organizations: DirecTV, REUTERS, Nexstar, Thomson Locations: Encinitas , California, U.S, Los Angeles, Chicago, Philadelphia, San Francisco, Denver, Bengaluru

LONDON, Sept 18 (Reuters) - Climate change and conflict are hitting efforts to tackle three of the world's deadliest infectious diseases, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned. International initiatives to fight the diseases have largely recovered after being badly affected by the COVID-19 pandemic, according to the Fund’s 2023 results report released on Monday. But the increasing challenges of climate change and conflict mean the world is likely to miss the target of putting an end to AIDS, TB and malaria by 2030 without “extraordinary steps”, said Peter Sands, executive director of the Global Fund. The Fund also helped put 24.5 million people on antiretroviral therapy for HIV, and distributed 220 million mosquito nets. For example, malaria is spreading to highland parts of Africa that were previously too cold for the mosquito carrying the disease-causing parasite.

Persons: Peter Sands, Sands, Jennifer Rigby, Jane Merriman Organizations: Global Fund, AIDS, Tuberculosis, Malaria, Fund, UN, Assembly, Thomson Locations: Africa, Sudan, Ukraine, Afghanistan, Myanmar

REUTERS/Magali Druscovich/File Photo Acquire Licensing RightsLONDON, Sept 18 (Reuters) - Climate change and conflict are hitting efforts to tackle three of the world's deadliest infectious diseases, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned. But the increasing challenges of climate change and conflict mean the world is likely to miss the target of putting an end to AIDS, TB and malaria by 2030 without “extraordinary steps”, said Peter Sands, executive director of the Global Fund. For example, malaria is spreading to highland parts of Africa that were previously too cold for the mosquito carrying the disease-causing parasite. For example, in 2022, 6.7 million people were treated for TB in the countries where the Global Fund invests, 1.4 million more people than in the previous year. For example, he said, many countries with the highest burden of TB are middle-income countries that have more capacity to fund health services domestically.

Persons: Magali, Peter Sands, Sands, Jennifer Rigby, Jane Merriman, Edwina Gibbs Organizations: REUTERS, Global Fund, AIDS, Tuberculosis, Malaria, UN, Assembly, Global, Thomson Locations: Buenos Aires, Argentina, Africa, Sudan, Ukraine, Afghanistan, Myanmar

☆ Egypt inaugurates newly restored Ottoman mosque at Cairo citadel
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

[1/8] Members of media record inside the restored Sariyat al-Gabal Mosque, also known as the Mosque of Suleyman Pasha al-Khadim, the first Ottoman mosque built inside the Salah al-Din Citadel in old Cairo, Egypt, September 16, 2023. REUTERS/Amr Abdallah Dalsh Acquire Licensing RightsCAIRO, Sept 17 (Reuters) - Egypt has inaugurated a newly restored Ottoman mosque, built by the 16th century governor Suleyman Pasha al-Khadim, that lies within the citadel that has dominated Cairo's skyline for centuries. The mosque, with 22 green-tiled domes and minbar (prayer niche) inlaid with renowned Iznik tiles, is Cairo's earliest Ottoman mosque, built in 1528 A.D., eleven years after the Ottoman army under Sultan Selim conquered Egypt from the Mamluk empire. The mosque, known as the Suleyman Pasha al-Khadim mosque and also the Sariya mosque, is inside Cairo's citadel. The citadel was built by the Muslim general Salah al-Din after he conquered Cairo from the Fatimids.

Persons: Suleyman Pasha, Salah, Amr Abdallah Dalsh, Sultan Selim, Sayed Sariya, Mostafa Waziri, Salah al, Din, Ahmed Fahmy, Amr Abdallah, Patrick Werr, Jane Merriman Organizations: REUTERS, Rights, Supreme, of Antiquities, Crusaders, Thomson Locations: Gabal, Ottoman, Din, Cairo, Egypt, Rights CAIRO, Cairo's, Jerusalem

☆ Death toll from floods reaches 11,300 in Libya's coastal city of Derna
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: 1 min

CAIRO, Sept 17 (Reuters) - At least 11,300 people have died and another 10,100 are missing from the coastal city of Derna one week after Storm Daniel hit northeastern Libya, the UN Office for the Coordination of Humanitarian Affairs reported on Saturday. An estimated 170 people have been killed as a result of the flooding elsewhere in the country, and more than 40,000 people have been displaced, the UN report said, citing the latest data from International Organizaton for Migration. Figures are expected to rise as search-and-rescue efforts continue to look for survivors. Writing by Adam Makary. Editing by Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Persons: Storm Daniel, Adam Makary, Jane Merriman Organizations: UN Office, Humanitarian Affairs, UN, Thomson Locations: CAIRO, Derna, Libya

☆ Climate Change Hitting Fight Against AIDS, TB and Malaria
▼ + stars: | 2023-09-17 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Jennifer RigbyLONDON (Reuters) - Climate change and conflict are hitting efforts to tackle three of the world's deadliest infectious diseases, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned. International initiatives to fight the diseases have largely recovered after being badly affected by the COVID-19 pandemic, according to the Fund’s 2023 results report released on Monday. But the increasing challenges of climate change and conflict mean the world is likely to miss the target of putting an end to AIDS, TB and malaria by 2030 without “extraordinary steps”, said Peter Sands, executive director of the Global Fund. The Fund also helped put 24.5 million people on antiretroviral therapy for HIV, and distributed 220 million mosquito nets. For example, malaria is spreading to highland parts of Africa that were previously too cold for the mosquito carrying the disease-causing parasite.

Persons: Jennifer Rigby LONDON, Peter Sands, Sands, Jennifer Rigby, Jane Merriman Organizations: Global Fund, AIDS, Tuberculosis, Malaria, Fund, UN, Assembly Locations: Africa, Sudan, Ukraine, Afghanistan, Myanmar

A British steel industry worker displays a badge on his Tata Steel work clothing during a protest over jobs, pay and conditions of work, outside of the Houses of Parliament in London, Britain, June 28, 2023. Britain said Friday's deal would help to safeguard 5,000 jobs, but Tata Steel UK currently employs more than 8,000 people, raising the prospect of 3,000 redundancies, as the lower-carbon electric furnaces are less labour intensive. India-owned Tata Steel had long warned that without government help it could close the Port Talbot site. Britain's steel industry directly employs 39,800 people according to figures released by UK Steel in May, and supports a further 50,000 jobs in the supply chain. The government said Tata Steel UK would now inform and consult with staff and unions.

Persons: Toby Melville, Friday's, Kemi Badenoch, Port Talbot, Sharon Graham, Sarah Young, Farouq Suleiman, Elizabeth Piper, Sachin Ravikumar, Jane Merriman Organizations: Tata Steel, REUTERS, Port Talbot Tata Steel, Tata, Tata Steel UK, Business, Company, European Union, Tata Group, British Steel, UK Steel, Trade, Thomson Locations: London, Britain, steelmaking, India, Talbot, United States, England, British, Scunthorpe, Port Talbot

☆ Solar energy shines in global survey with 68% support
▼ + stars: | 2023-09-15 | by ( Anthony Deutsch | ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAMSTERDAM, Sept 15 (Reuters) - More than two-thirds of the world's population favours solar energy, five times more than public support for fossil fuels, a global poll has found. With 68% support, solar power was the most popular energy source, trailed by wind (54%), hydropower (35%) and nuclear (24%), with only 14% of respondents saying they favoured fossil fuels, the survey found. Fossil fuels, however, still accounted for 77% of global energy consumption in 2022, said Michael Sheldrick, Co-Founder and Chief Policy, Impact and Government Affairs Officer at Global Citizen. "This 'production gap' highlights a concerning paradox: despite strong public support for renewable energy, fossil fuel production remains prevalent," he said. Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, the most recent Statistical Review of World Energy report said.

Persons: Brendan McDermid, Glocalities, Michael Sheldrick, Anthony Deutsch, Kate Abnett, Miral Fahmy, Jane Merriman Organizations: House, REUTERS, Rights, Global Citizen, Initiative, Pew Research, Government, Democrat, World Energy, Thomson Locations: Manhattan, Brooklyn , New York, U.S, Australia, Brazil, China, India, Italy, Mexico, South Africa, South Korea, Turkey, United States, Europe, Ukraine, Paris

☆ Nigeria's Tinubu picks banker Cardoso as next central bank governor
▼ + stars: | 2023-09-15 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

ABUJA, Sept 15 (Reuters) - President Bola Tinubu has nominated the former head of Citibank in Nigeria, Olayemi Cardoso, to serve as the country's new central bank governor, days before its next interest rate meeting, a presidential spokesperson said on Friday. The central bank did not respond to a request for comment on whether Emefiele and his deputy governors had resigned. The central bank raised rates by a smaller-than-expected 25 basis points in July, contrary to analysts' expectations, under acting Governor Folashondun Shonubi, one of Emefiele's deputies. The central bank pursued unorthodox policies under Emefiele who kept the currency artificially strong, a policy backed by former President Muhammadu Buhari, which supported government borrowings on the international markets. He was a former commissioner for economic planning and budget in Lagos state when Tinubu was governor between 1999-2007.

Persons: Bola Tinubu, Olayemi Cardoso, Godwin Emefiele, Tinubu, Cardoso, Ajuri Ngelale, Ngelale, Folashondun Shonubi, Emefiele, Muhammadu Buhari, Camillus Eboh, Chijioke Ohuocha, MacDonald Dzirutwe, Richard Chang, Jane Merriman, Hugh Lawson Organizations: Citibank, Central Bank of Nigeria, Thomson Locations: ABUJA, Nigeria, Lagos

The plan could transform the global diamond supply chain, but implementation will depend heavily on India, whose diamond industry employs millions of people who cut and polish 90% of the world's diamonds. If it goes ahead as anticipated, it would split the global consumer diamond market. The EU bought 1.4 billion euros ($1.5 billion) worth of Russian diamonds last year, based on data from Eurostat, as the EU has not banned Russian gem imports nor blacklisted Alrosa. As of 2021, global rough diamond sales totalled $16.4 billion, while demand for polished diamonds was $28 billion, the De Beers report showed. "I think the G7 officials involved with this are taking it quite seriously and I believe they will strictly enforce it.

Persons: Belgium's, Alrosa, De Beers, Paul Zimnisky, Zimnisky, Julia Payne, Polina Devitt, Clara Denina, Shivangi Acharya, Rajendra Jadhav, Toby Chopra, David Holmes, Veronica Brown, Jane Merriman Organizations: EU, Eurostat, De Beers, De, Industry, Belgian, Jewellery Export, Thomson Locations: India, Antwerp, BRUSSELS, LONDON, Ukraine, Belgium, Brussels, Russia, United States, INDIA, AFRICA, Africa

☆ Uber in delivery deal with restaurant software provider Deliverect
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Sept 15 (Reuters) - Uber Technologies (UBER.N) said on Friday it has agreed a delivery partnership with Deliverect, a Belgium-based company that sells order management software to restaurants. Restaurants use Deliverect to keep track of orders from their own websites and a variety of apps, and to manage workflow and dispatching. Under the deal, the two companies will integrate software and Deliverect will preferentially route deliveries via Uber Direct -- Uber's "white label", or unbranded, delivery service. Deliverect will benefit from improving its offering, while Uber will benefit from making additional deliveries, the companies' joint statement said. The partnership will be available in the U.S., Canada, France, Germany, Britain, Spain, Portugal, Australia and New Zealand, the companies said.

Persons: Uber, Deliverect, Toby Sterling, Jane Merriman Organizations: Technologies, Deliverect, Thomson Locations: AMSTERDAM, Belgium, U.S, Canada, France, Germany, Britain, Spain, Portugal, Australia, New Zealand

People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. The bank sees the business as non-core, having sold part of its operations in 2020, said the people, who spoke on condition of anonymity. But a transaction may not happen soon because difficult market conditions weigh on the unit's valuation, they said. Societe Generale Equipment Finance provides equipment leasing and financing solutions to manufacturers, dealers and vendors in sectors ranging from transport to industrials. Rather than naming non-core businesses, Krupa is more likely to outline the group's growth areas, said one person familiar with the bank's thinking.

Persons: Gonzalo Fuentes, Slawomir Krupa, Krupa, Italy's, SocGen, Pablo Mayo Cerqueiro, Mathieu Rosemain, Andres Gonzalez, Amy, Jo Crowley, Elisa Martinuzzi, Silvia Aloisi, Jane Merriman, David Evans Organizations: Societe Generale, La Defense, REUTERS, Finance, Reuters, Deutsche Bank, BNP, Societe Generale Equipment Finance, Basel Committee, Thomson Locations: La, Paris, France, PARIS, Basel

☆ Poland's CD Projekt to release Cyberpunk 2077 update on Sept. 21
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Boxes with CD Projekt's game Cyberpunk 2077 are displayed in Warsaw, Poland, December 14, 2020. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsGDANSK, Sept 14 (Reuters) - Poland's biggest video game developer CD Projekt (CDR.WA) will release an update to its flagship game Cyberpunk 2077 on Sept. 21, a company representative said on Thursday during a livestream on YouTube. The update will launch just a few days before the premiere of Phantom Liberty, a highly-anticipated expansion of Cyberpunk 2077, set for Sept. 26. Cyberpunk 2077 2.0 will be available on PC, Xbox Series X|S and PlayStation 5. In September last year, CD Projekt said it had sold 20 million copies of the game.

Persons: Kacper, Phantom Liberty, Adrianna Ebert, Susan Fenton, Jane Merriman Organizations: REUTERS, YouTube, PlayStation, Thomson Locations: Warsaw, Poland, GDANSK

☆ Dutch group summons X to appear in court over alleged data misuse
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A screen capture of Twitter's official page with an "X" on the profile image is seen on July 23, 2023 in this screengrab obtained from a social media website. via REUTERS/File photo Acquire Licensing RightsCompanies B2x Corp FollowAMSTERDAM, Sept 13 (Reuters) - A Dutch group on Wednesday filed a subpoena against social media company X Corp, formerly known as Twitter, in a preliminary step that could potentially lead to a class action lawsuit over alleged misuse of user data. The Stichting Data Bescherming Nederland (SDBN) said it intends to seek damages for people whose data was allegedly wrongfully tracked and traded in the 2013-2021 period. It filed a subpoena at Rotterdam District Court summoning X to appear on Jan. 3. For the case to proceed, judges have to determine whether X has a case to answer, whether there is an identifiable group of people affected, and if so whether SDBN represents them.

Persons: SDBN, Toby Sterling, Jane Merriman Organizations: REUTERS, X Corp, Stichting, Bescherming, Court, Reuters, Thomson Locations: Rotterdam

☆ China watchdog fines Tencent over illegal content on its messaging platform
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: 1 min

A man rides an electric bike past the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province, China September 2, 2022. REUTERS/David Kirton Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's cyberspace regulator has imposed a fine of 1 million yuan ($137,390.95) on Tencent Holdings (0700.HK) due to what it said was illegal and pornographic information on its messaging platform Tencent QQ, the regulator said on Wednesday. Tencent QQ's security center said it accepted the fine and would take actions to improve the platform. ($1 = 7.2785 Chinese yuan renminbi)Reporting by Beijing newsroom. Editing by Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Persons: David Kirton, Tencent, Jane Merriman Organizations: REUTERS, Rights, Tencent Holdings, HK, Beijing, Thomson Locations: Nanshan district, Shenzhen, Guangdong province, China, Rights BEIJING

BP scaled back its energy transition strategy earlier this year but still stands out among rivals as the only oil major with plans to cut oil and gas output by 2030 by 25%. Auchincloss told staff in a brief town hall meeting on Wednesday that the company's aims were unchanged. As part of his energy transition strategy he had committed to BP reaching net-zero emissions by 2050. BP's strategy came under renewed scrutiny after rival Shell (SHEL.L) slowed down its energy transition strategy in June. "(The BP board) have enough flexibility within the current strategy to focus more on cash flow," a second source close to the company said.

Persons: Chris Helgren, Looney, Murray Auchincloss, Bernard Looney's, Auchincloss, hasn't, Helge Lund, Murray, Ron Bousso, Dmitry Zhdannikov, Jane Merriman, Mark Potter, Elaine Hardcastle Organizations: BP, REUTERS, Board, Investors, Canadian, Reuters, Shell, Thomson Locations: Vancouver , British Columbia, Canada

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