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☆ 4 key things that will keep getting more expensive even as inflation cools
▼ + stars: | 2023-11-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

But a recent government climate report suggests Americans could keep facing higher costs for certain things. The climate crisis will make energy bills, medical costs, and groceries more expensive. Inflation is continuing to cool — the Consumer Price Index, which measures inflation, increased 3.2% year-over-year in October, marking a decrease from the 3.7% reading a month prior. It added that "household consumers face higher costs for goods and services, like groceries and health insurance premiums, as prices change to reflect both current and projected climate-related damages." The report said that as a direct result of the climate crisis, Americans can expect "higher medical costs, raising health insurance premiums, out-of-pocket spending, and expenditures on prevention efforts."

Persons: Joe Biden's, Jerome Powell, Powell Organizations: Service, Federal Reserve, Energy

☆ Charlie Munger says there isn't the slightest chance Buffett traded own account to enrich himself
▼ + stars: | 2023-11-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded stocks in his personal account before the conglomerate made moves in the same securities. "I don't think there's the slightest chance that Warren Buffett is doing something that is deeply evil to make money for himself. In a Nov. 9 article, ProPublica reported that Buffett on at least three occasions made personal trades in a stock shortly before or in the same quarter that Berkshire did. The ProPublica report said Buffett made at least $466 million in personal stock sales between 2000 and 2019. A securities filing from August showed Buffett owns more than 200,000 Berkshire Hathaway A shares, a position worth more than $100 billion.

Persons: Charlie Munger, Warren Buffett, CNBC's Becky Quick, Buffett, Munger, ProPublica Organizations: Berkshire Hathaway, Berkshire, CNBC, CNBC PRO Locations: Munger, Berkshire

“Representative Santos sought to fraudulently exploit every aspect of his House candidacy for his own personal financial profit,” the report concluded. Ethics panel concludes sexual harassment allegation against Santos was not substantiatedThe House Ethics panel said there was not substantial evidence to support a sexual harassment allegation brought against Santos. But the report also indicates that there was some tension between the overlapping DOJ criminal probe and House ethics probe. The ethics panel reached out to the Justice Department to deconflict their investigations, and top DOJ officials asked them in March to pause the ethics probe. The House report says DOJ’s “deferral requests” prevented them from getting to the bottom of certain allegations.

Persons: George Santos, Santos, Santos ’, ”, Ubers, ” Santos, Mary Altaffer, AP Santos, –, “, Nancy Marks, Santos “, ‘, it’s, DOJ’s Organizations: New York Rep, US, Republican, “, US Justice Department, Santos ’, New York University, Baruch College, ”, New York's, AP, Federal, Commission, ” “, Santos, Resources, CNN, Justice Department, ISC, DOJ Locations: ”, Washington, Florida, Las Vegas, Atlantic City, Jericho , New York, CityMD, Huntington , New York, Rhinebeck , New York, Queens , New York, Glen Cove , New York, United States, Santos ’

Republican Rep. George Santos announced he will not seek reelection to the House next year, following the Ethics Committee’s release of its long-awaited report on Thursday, concluding that there is “substantial evidence” that the New York congressman used campaign funds for personal purposes. The committee said it uncovered additional “uncharged and unlawful conduct” by Santos that go beyond the criminal allegations already pending against him, and would immediately refer these allegations to the Justice Department for further investigation. Everyone who participated in this grave miscarriage of Justice should all be ashamed of themselves,” Santos wrote of the report in a post on X. Santos has remained defiant in the face of the mounting legal issues he faces. This story and headline have been updated with additional developments.

Persons: George Santos, Santos, “, ” Santos, Santos “ Organizations: New, Federal, Justice Department, New York Republican Locations: New York

☆ Thousands of Ukrainian children taken to Belarus -Yale research
▼ + stars: | 2023-11-16 | by ( Anthony Deutsch | ) www.reuters.com time to read: +4 min

More than 2,000 children Yale identified were transported to the Dubrava children's centre in Belarus' Minsk region between September 2022 and May 2023, it said, while 392 children were taken to 12 other facilities. "Russia's federal government and Belarus' regime have been working together to coordinate and fund the movement of children from Russia-occupied Ukraine through Russia to Belarus." Transports to Belarus through Russia were "ultimately coordinated" between Russian President Vladimir Putin and Belarus leader Alexander Lukashenko, it added. Lukashenko approved the use of state organizations to transport children from Ukraine to Belarus and finance their transportation, the Yale report said. Once in Belarus, children have been subjected to military training and re-education, it said.

Persons: Alexander Lukashenko, Pavel Bednyakov, Vladimir Putin, Russia's Putin, Maria Lvova, Lukashenko, David Ljunggren, Mike Collett, White, Alexandra Hudson, Rosalba O'Brien Organizations: Commonwealth of Independent States, CIS, Sputnik, Rights, Yale University, Humanitarian, Yale School of Public Health, State Department, Reuters, U.S . State Department, Ukraine, Yale, Transports, Criminal, Thomson Locations: Bishkek, Kyrgyzstan, Ukraine, Belarus, Russia, Russian, United States, Ukraine's Donetsk, Luhansk, Kherson, Minsk, The Hague

The documentary, which will air this Sunday on “The Whole Story with Anderson Cooper,” exposes an RSF-led campaign to enslave men and women in El Geneina, the largest city controlled by the paramilitary group in Sudan’s Darfur region. Several former Darfuri abductees told CNN that fighters from the RSF and their Arab militia allies hurled racist abuse at them during their captivity. ‘They flogged us with whips’Another woman told CNN she and the female members of her family were raped in captivity for four days. Mohamed Nureldin Abdallah/ReutersCNN also found evidence of the enslavement of males as part of the attack on El Geneina. They felt his biceps because they said they “wanted a strong one,” he told CNN.

Persons: Chad CNN — Mahdi, “, ” Mahdi, “ I’d crouch, –, Anderson Cooper, ”, Zohra Bensemra, El Geneina, Wagner —, Khalid, Alex Platt, —, Mahdi, abductees, Raghm, ’ ”, ’, General Mohamed Hamdan Dagalo, Mohamed Nureldin Abdallah, Wagner Organizations: Chad CNN, CNN, Rapid Support Forces, Red Cross, Reuters, Chadian, El, Industrial School, Strategic Initiative, Women, Unit, CNN Rights, Darfur —, Human Rights, Reuters CNN Locations: Chad, West Darfur, El, El Geneina, Darfur, Sudan's Darfur, Ourang, Adre, Russian, Sudan —, Sudan, Horn of Africa, Khartoum, “

☆ Embattled US Rep George Santos won't run for reelection after damning ethics report
▼ + stars: | 2023-11-16 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - U.S. House Representative George Santos said he will not run for reelection after a damning House Ethics Committee report referred "additional uncharged and unlawful conduct" by him to the Justice Department on Thursday. I will however NOT be seeking re-election for a second term in 2024," Santos said in a post on the X social media site. "Representative Santos’ conduct warrants public condemnation, is beneath the dignity of the office, and has brought severe discredit upon the House" of Representatives, the bipartisan committee said in a statement. Ethics Chairman Michael Guest, a Republican, intended to file a motion to expel on Friday, according to media reports. Santos survived a vote to expel him from the House brought by fellow House Republicans from New York state in early November.

Persons: George Santos, Julia Nikhinson, Santos, Santos ’, Michael Guest, Moira Warburton, Andrew Goudsward, Jonathan Oatis Organizations: Rep, Capitol, REUTERS, Rights, . House, Justice Department, Department of Justice, Republican, Republicans, Thomson Locations: Washington , U.S, New York

☆ American CEOs serve China’s Xi a too-rich dessert
▼ + stars: | 2023-11-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 16 (Reuters Breakingviews) - America’s corporate chieftains were thrilled to see China’s President Xi Jinping at Wednesday’s gala dinner in San Francisco. So thrilled that they gave him a standing ovation, according to Reuters. He has defended China’s stance on Taiwan, equating the self-governing island’s relationship with the People’s Republic to Hawaii’s position vis-à-vis the United States. The standing ovation is just a new, cringeworthy way to follow the money. Xi received a standing ovation as he entered the room and before and after he took the stage, the report said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Tim Cook, Larry Fink, Steve Schwarzman, Ray Dalio, Bridgewater, Tesla, Elon Musk, Apple’s Cook, Ding Xuexiang, Howard Schultz, Biden, “, John Foley, Aditya Sriwatsav Organizations: Economic Cooperation, REUTERS, Reuters, Apple, Blackstone, ”, China, Xi, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, BlackRock, China, United States, Taiwan, Republic, Schwarzman, Beijing

(Photo by Jabin Botsford/The Washington Post via Getty Images)Republican Rep. George Santos of New York said Thursday he will not seek reelection in 2024 in the wake of a damning House Ethics report that found "substantial evidence" of campaign fraud and other violations by the embattled congressman. Santos "blatantly stole from his campaign" and "sought to fraudulently exploit every aspect of his House candidacy for his own personal financial profit," according to the report from the investigative body of the House Ethics Committee. The full ethics panel, led by Republican Rep. Michael Guest of Mississippi, unanimously adopted the report and voted to refer its findings to the Department of Justice. The scathing, 56-page ethics report is only the latest blow to Santos, the scandal-plagued freshman lawmaker who is facing a raft of criminal theft and fraud charges in New York federal court. Last month, Santos' former campaign treasurer Nancy Marks pleaded guilty to campaign finance fraud charges related to her work for Santos.

Persons: George Santos, Jabin Botsford, Santos, Michael Guest of, Joe Murray, Sam Miele, Miele, Kevin McCarthy, Nancy Marks Organizations: House Republican, Washington, Getty Images, Republican, Republican Rep, Michael Guest of Mississippi, Department of Justice, FBI, Santos Locations: Washington, DC, Washington ,, George Santos of New York, OnlyFans, New York, Long

☆ Benko's Signa unit seeks $2.2 bln funding amid property crisis - Bloomberg News
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Peter Nicholls Acquire Licensing RightsNov 15 (Reuters) - Property tycoon Rene Benko-founded Signa Group's Prime unit has approached investors to seek up to 2 billion euros ($2.17 billion) in funding, Bloomberg News reported on Wednesday, citing people familiar with the matter. Signa Prime, which co-owns the Selfridges department store in London, requires 500 million euros to meet obligations this year alone and will need another 1.5 billion euros of cash in the first half of 2024, the report said. Some of the investors have turned down the request, while others are still in the early stages of assessing it, according to Bloomberg News. Thailand's largest department store owner, Central Group, on Tuesday took control of Selfridges department stores after the real estate company brought it in a deal worth $5 billion in 2021. The funding request comes as Signa faces a property crisis in Europe exacerbated by a sharp rise in rates and building costs.

Persons: Peter Nicholls, Rene Benko, Signa, Arndt Geiwitz, Angela Christy M, Devika Organizations: REUTERS, Bloomberg, Bloomberg News, Central, Thomson Locations: Oxford, London, Britain, Austria, Europe

☆ Clorox's cyber chief leaves as recovery from cyberattack continues - Bloomberg News
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David Ryder/File Photo Acquire Licensing RightsNov 15 (Reuters) - Clorox's (CLX.N) chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on Wednesday, citing an internal memo. The incident in August threw the cleaning supplies maker's order fulfillment facilities out of gear for more than a month, and forced it to trim its annual revenue forecast. The memo does not address the reasons for Bogac's departure, the Bloomberg report said, adding that Chau Banks, Clorox's chief information and data officer, would fill the role on an interim basis. The Pine-Sol maker's net revenue fell 20% in the first quarter ended Sept. 30, when its products were off the shelves for a short period following the cyberattack. Clorox was among several companies including MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O) to be hit by cyber attacks this year.

Persons: David Ryder, Amy Bogac, Clorox, Chau Banks, Juveria Tabassum, Shilpi Majumdar Organizations: Life Care, of Kirkland, REUTERS, Bloomberg, Reuters, MGM Resorts International, Caesars Entertainment, Thomson Locations: Kirkland , Washington , U.S, Chau

☆ Global dividends slide in Q3 as miners drag
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 15 (Reuters) - Global dividends fell 0.9% to $421.9 billion in the third quarter due to lower special dividends and a small number of corporations making large cuts to investor remuneration, a report showed on Wednesday. Janus said total dividends were slightly better than expected in the quarter despite lower one-off special payouts and exchange rate effects. "Special dividends have decreased, reflecting less M&A activity and the disappearance of windfall profits in sectors like mining," he added. The largest cuts to payouts were made by Brazilian oil group Petrobras (PETR4.SA) and Australian miner BHP (BHP.AX). More than half of mining companies reduced their payouts while 89% of companies overall raised their dividends or held them during the period, the report said.

Persons: Janus Henderson, Janus, Ben Lofthouse, Banks, Danilo Masoni, Elaine Hardcastle Organizations: MILAN, Petrobras, PETR4, BHP, Chemicals, China Construction Bank Corp, China Mobile, HK, Thomson Locations: Brazil, Taiwan, Czech, Asia, PetroChina, Europe

☆ Air-Traffic Safety Threatened by Staffing, Funding Woes, Report Says
▼ + stars: | 2023-11-15 | by ( Andrew Tangel | ) www.wsj.com time to read: 1 min

Aircraft close calls have been rising, prompting safety concerns. WSJ goes inside the air traffic control tower at Hartsfield-Jackson Atlanta International Airport to see how controllers juggle around 2,100 flights every day. Photo illustration: Nayon ChoThe nation’s air-traffic-control system faces increasing hazards from short staffing, outdated technology and chronic underfunding, according to a federal report that examined safety issues following a string of close calls at U.S. airports over the past year. Staffing shortages at facilities that manage airplane traffic are leading to significant flight delays as the Federal Aviation Administration shuffles personnel to maintain safety at the expense of efficiency, the report said.

Persons: Nayon Cho Organizations: Jackson Atlanta International Airport, U.S, Federal Aviation Administration Locations: Hartsfield

☆ Staffing shortages, outdated facilities threaten US air safety -- report
▼ + stars: | 2023-11-15 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The panel, named by the Federal Aviation Administration (FAA), released a 52-page report citing problems that included shortages of air traffic controllers, technology issues, outdated systems and dramatic funding needs. It cited aging FAA air traffic control facilities with leaking roofs, broken heating and air conditioning systems and old surveillance radar systems that must soon be replaced at a cost of billions of dollars. A government watchdog report said in June critical air traffic facilities face significant staffing challenges, posing risks to air traffic operations. The FAA said in March it was taking steps to improve air traffic control operations, which are short-staffed. "There is no question that we are seeing too many close calls," the head of the FAA's air traffic organization told employees.

Persons: LaGuardia, Brendan McDermid, Michael Huerta, David Shepardson, Louise Heavens, Nick Zieminski, David Gregorio Our Organizations: REUTERS, Rights, Federal Aviation Administration, FAA, National Transportation, New York, Southwest Airlines, Boeing, Cessna, Thomson Locations: New, New York City , New York, U.S, New York City, San Diego

☆ Staffing and Technology Woes Threaten Aviation Safety, Report Says
▼ + stars: | 2023-11-15 | by ( Mark Walker | More About Mark Walker | ) www.nytimes.com time to read: +1 min

A group of outside experts appointed by the Federal Aviation Administration called on Wednesday for “urgent action” to address safety risks in the nation’s aviation system, highlighting issues like staffing shortages among air traffic controllers and outdated technology. announced the formation of the group, the National Airspace System Safety Review Team, in April after a string of close calls at airports across the country, and the panel released a 52-page report on Wednesday laying out its findings. to address the shortage of air traffic controllers and improve its aging technology, the report also recommended changes in how the agency is funded, such as more broadly shielding it from government shutdowns. “The current erosion in the margin of safety in the N.A.S. caused by the confluence of these challenges is rendering the current level of safety unsustainable,” the report said, referring to what is known as the National Airspace System.

Organizations: Federal Aviation Administration, National

☆ 10 cities where people are moving for a new job
▼ + stars: | 2023-11-15 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Many workers reported cost of living as the most significant reason for moving states for a new job. Cities including San Francisco and Miami saw net population losses in the third quarter of 2023. New data from the Bank of America Institute looks at where job switchers are moving for those new roles , and which cities are increasingly luring in more new workers. San Francisco had one of the lowest shares of job changers moving in at under 11%. For many of these cities, Bank of America found population change and job growth went hand-in-hand.

Persons: —, San Francisco, they're, Gen Zers, Bostonians Organizations: Miami, Service, Boston, Bank of America Institute, Los Angeles . Bank of America, of America, Bank of America, Workers, Sun, San Franciscans Locations: Boston, Portland, San Francisco, Boston —, Oregon, Chicago, New York City, Miami, Los Angeles, Columbus, Austin, San Antonio, Las Vegas, Tampa, Seattle

☆ Aircraft carriers aren't the Russian navy's only problem. It has also struggled for decades to build jets for them.
▼ + stars: | 2023-11-15 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +10 min

Russia's sole aircraft carrier, Admiral Kuznetsov, has been out of action for years for repairs. AdvertisementIn July, Russian state media reported that Russia's sole aircraft carrier, Admiral Kuznetsov, could return to active service by the end of 2024. AdvertisementYakovlev Yak-38A Yak-38 on the deck of a Soviet aircraft carrier in October 1985. Even the updated Yak-36M, with a longer range and double the payload, was underpowered compared to NATO carrier aircraft. At least four Yak-38s operated alongside other Soviet jets from a base in the country's southwest in 1980.

Persons: Admiral Kuznetsov, —, Kuznetsov, Yakovlev, Hawker, Su, Andrei Luzik, Gorhskov, ARUN SANKAR Organizations: Soviet, Service, Kuznetsov, US, Soviets, Hawker Siddeley, —, Minsk, US Navy, NATO, Getty, Indian Navy, Mikoyan, Russian, Vikrant, Getty Images, India's Locations: Moscow, Russia, Soviet, Kiev, Soviet Kiev, Afghanistan, India, Delhi, Syria

☆ Putin's war with Ukraine has basically killed off one of Russia's most successful tech companies
▼ + stars: | 2023-11-15 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Putin's war in Ukraine may have killed off one of Russia's most promising tech companies. AdvertisementPutin's war in Ukraine has taken quite a toll on the country's most successful tech company. The Dutch-domiciled company owns Russia's most popular search engine, which is often referred to as "Russia's Google." AdvertisementIt was also one of the most promising Russian tech companies in terms of global expansion. The tech company has, however, come under increasing government scrutiny in recent years after Putin's invasion of Ukraine in February 2022.

Persons: —, Arkady Volozh, Volozh, Yandex Organizations: Yandex, Service, Bloomberg, Google, Reuters, VK Locations: Ukraine, Russian, Israel, Russia

☆ Iran's nuclear enrichment advances as it stonewalls UN, IAEA reports show
▼ + stars: | 2023-11-15 | by ( Francois Murphy | ) www.reuters.com time to read: +4 min

[1/3] The logo of the International Atomic Energy Agency (IAEA) is seen at the organisation's headquarters in Vienna, Austria, June 5, 2023. Iran's stock of uranium enriched to up to 60% grew by 6.7 kg (14.8 pounds) to 128.3 kg (282.9 pounds) since the last report on Sept. 4, one of the two reports to member states seen by Reuters said. Iran has enough uranium enriched to lower levels for more bombs, but it denies seeking such weapons. Since then the IAEA has narrowed the list of sites to two but little other progress has been made. "The (IAEA) Director General (Grossi) continues to strongly condemn Iran's sudden withdrawal of the designations of several experienced Agency inspectors," it added.

Persons: Leonhard Foeger, Rafael Grossi, John Irish, Toby Chopra, Jonathan Oatis Organizations: International Atomic Energy Agency, REUTERS, Companies Iran, IAEA, International Atomic Energy, Reuters, Governors, Iran's, Thomson Locations: Vienna, Austria, Iran, VIENNA, United States, Gaza, Paris

Two and a half weeks after sending tanks and ground troops into northern Gaza, Israeli forces entered a hospital early Wednesday that they claim Hamas operates out of. The Israeli army claims the militant group uses hospitals as cover for its fighters, and has set up its main command center in and beneath Shifa Hospital, the largest in the besieged territory. Both Hamas and Shifa Hospital staff deny the Israeli allegations. Both Hamas and Shifa Hospital staff deny the Israeli allegations. ISRAEL SAYS IT'S CARRYING OUT A ‘PRECISE AND TARGETED OPERATION’ INSIDE GAZA'S SHIFA HOSPITALJERUSALEM — The Israeli military says its forces have entered Gaza’s Shifa hospital, the site of a lengthy standoff.

Persons: Mohammed Zaqout, — Israel, ‘, ’, Ahmed Mhanna, ”, Jabaliya, Mhanna, NETANYAHU, Benjamin Netanyahu, Netanyahu, ” Netanyahu, “, Fahrettin Koca, Koca, Hossein Amirabdollahian, Martin Griffiths, Meirav Eilon Shahar, “ Israel, ” Philippe Lazzarini, CAIRO —, Munir al, Boursh, ” Israel, Hamas ”, Paltel, Israel, ” Griffiths, Shifa, that’s, Jonas Gahr Støre, Espen Barth Eide, ” Barth Eide, Recep Tayyip Erdogan, Erdogan, ” Erdogan, Israel —, Daniel Hagari, Hamas’s, ” Hagari, KHAN YOUNIS, Mohammad al, Abdallah, National Security Itamar Ben, Gvir, Nasser, Khan Younis, Catherine Russell, Russell, ” Russell, ISRAEL Organizations: Hamas, Shifa, Shifa Hospital, Health Ministry, . Security, ASEAN, AS, Awda Hospital, Awda, PEACEMAKING GROUP GENEVA, Centre, Associated Press, Iran's, Iranian, ” UN, UNRWA, United Nations, OFFICIAL, International Committee, COMMUNICATIONS COMPANY, UN OFFICIAL, Health Organization, ” FIRST, NTB, ISRAEL, TEL, Israeli Defense Forces, IDF, MINISTRY, Ministry of National Security, National Security, UNICEF, JERUSALEM Locations: Gaza, Israel, Shifa, Myanmar, Washington, israel, GAZA, CAIRO, Jabaliya, GAZA ZIKIM, Israeli, Gaza City, TURKEY ANKARA, Turkey, Egypt, Rafah, Geneva, Basque, Spain, Iranian, Iran, Palestine, ”, Territories, United States, JERUSALEM, Palestinian, GENEVA, what’s, GAZA COPENHAGEN, Denmark, Norwegian, Norway, ISRAEL ANKARA, Turkish, TEL AVIV, West Bank, Ben, Khan, SHIFA

Broken Ethernet cable is seen in front of binary code and words "cyber security" in this illustration taken March 8, 2022. "We're also seeing a greater interest from state actors in Australia's critical infrastructure." In May, the Five Eyes intelligence alliance and Microsoft (MSFT.O) said a state-sponsored Chinese hacking group was spying on U.S. critical infrastructure organisations. Techniques used by the China hacking group could be used against Australia's critical infrastructure including telecommunications, energy and transportation, the report said. Marles said Australia's relationship with China, its largest trading partner, was "complex" and the government had never pretended the relationship would be easy.

Persons: Dado Ruvic, cybercrime, Richard Marles, We're, Marles, Matthew Warren, Nigel Phair, Renju Jose, Byron Kaye, Lincoln, Edwina Gibbs Organizations: REUTERS, Rights, U.S, Australian Cyber Security, ABC Radio, Microsoft, RMIT University Centre, Cyber Security Research, Australian Securities and Investments, Australia, Monash University, DP, Optus, Thomson Locations: Britain, U.S, Canada, New Zealand, Australia, China, Sydney

Nearly a third of that renewable energy should come from wind and solar power, said the report by researchers of Berlin-based Agora Energiewende. In 2021, they had installed a total of just 11.9 gigawatts of solar energy and 1.5 gigawatts of wind energy. As of the end of 2022, the U.S. had installed capacity of more than 144 GW of wind power and 110 GW of solar photovoltaic power. The report calls for a “paradigm shift” to speed up the transition to wind and solar power. At the same time, power grids need to be upgraded to allow for the variability and unpredictability of wind and solar power, it said.

Persons: —, Mathis Rogner, Antonio Guterres, Kanika Chawla, Chawla Organizations: United Nations, Agora, Agora Energiewende, U.S ., Sustainable Energy, U.K, AP Locations: HANOI, Vietnam, Berlin, Indonesia, Japan, South Korea, China, India, Southeast Asia, Philippines, Thailand, Pakistan, Bangladesh, Taiwan, U.S, Korea, . South Korea

☆ Asia stocks meander, yen fragile ahead of US inflation data
▼ + stars: | 2023-11-14 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.23% higher, on course for its second straight day of gains. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. Investors are waiting for the U.S. inflation report, due later in the day, after Federal Reserve Chair Jerome Powell and other policymakers said they are still not sure that interest rates are high enough to tame inflation. Japan last intervened in the currency market - selling dollars and buying yen - in October last year. The dollar index , which measures the U.S. currency against six rivals, was up 0.057% at 105.69.

Persons: Shunichi Suzuki, DAX, Jerome Powell, Anderson Alves, Moody's, Fitch, Gary Dugan, YEN, Nicholas Chia, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Japanese Finance, Federal, Reuters, U.S, AAA, Dalma Capital, Standard Chartered, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, U.S, New York

☆ Amazon reaches deal to run shopping ads on Snap - The Information
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 13 (Reuters) - Amazon (AMZN.O) has reached a deal with Snap (SNAP.N) that will let people buy its products directly from ads on the Snapchat app, the Information reported on Monday, a week after the ecommerce giant struck a similar partnership with Facebook-owner Meta Platforms (META.O). The Snapchat advertisement deal, currently being rolled out to customers in the U.S., will allow users to buy products from Amazon.com without leaving the social media app, the Information added. It would also show them real-time pricing, Prime eligibility and delivery estimates, the report said, citing an Amazon spokesperson. Reporting by Devika Nair in Bengaluru; Editing by Sonia Cheema and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Devika Nair, Sonia Cheema Organizations: Amazon, REUTERS, Facebook, Meta, Reuters, Thomson Locations: New York City, U.S, Bengaluru

☆ Oil prices edge up after OPEC says market fundamentals are strong
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSINGAPORE, Nov 14 (Reuters) - Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil exports. Last week, oil prices slid to their lowest level since July, hurt by concerns that demand could wane in in top oil consumers U.S. and China. Iraq's oil minister expects to reach an agreement with the Kurdistan Regional Government and foreign oil companies to resume oil production from the Kurdish region's oilfields and resume northern oil exports through the Iraq-Turkey pipeline. Oil prices were also supported by a U.S. crackdown on Russian oil exports, potentially disrupting supply. Focal points for the market include the International Energy Agency's latest monthly oil market report later in the day.

Persons: Dun Jiao, Tatiana Meel, Emily Chow, Edwina Gibbs Organizations: REUTERS, Rights, Brent, Organization of, Petroleum, ANZ Research, Kurdistan Regional Government, of Commerce, U.S . Treasury Department, Strategic Petroleum Reserve, International Energy, Energy, Thomson Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, China, Iraq, Kurdish, Turkey, Washington, Moscow

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