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Beneath Gaza, a labyrinth of tunnels used by Hamas will complicate any potential Israeli ground offensive in the Palestinian enclave. WSJ’s Rory Jones—who visited the tunnels in 2014—explains the unique challenge they pose for Israel. Photo: Yousef Mohammed/Zuma PressTEL AVIV—In the weeks leading up to Hamas’s Oct. 7 attack on Israel, hundreds of the Palestinian Islamist militant group’s fighters received specialized combat training in Iran, according to people familiar with intelligence related to the assault. Roughly 500 militants from Hamas and an allied group, Palestinian Islamic Jihad, participated in the exercises in September, which were led by officers of the Quds Force, the foreign-operations arm of Iran’s Islamic Revolutionary Guard Corps, the people said.

Persons: Rory Jones —, —, Yousef Mohammed Organizations: Zuma Press TEL, Quds Force, Islamic Revolutionary Guard Corps Locations: Gaza, Israel, Zuma Press TEL AVIV, Iran, Jihad

Ted Pick, who leads Morgan Stanley’s investment-banking and trading operations, will succeed James Gorman as chief executive. Photo Illustration: Morgan Stanley, Angus Mordant/Bloomberg NewsMorgan Stanley said Wednesday that it named Ted Pick as its next chief executive to succeed longtime CEO James Gorman , ushering in a new era for the Wall Street powerhouse. Pick, who leads Morgan Stanley ’s investment-banking and trading operations, was one of three finalists selected as possible successors for Gorman, who said in May that he would step down from the CEO role he has held since 2010.

Persons: Ted Pick, Morgan Stanley’s, James Gorman, Morgan Stanley, Angus Mordant, Bloomberg News Morgan Stanley, Morgan Stanley ’, Gorman Organizations: Bloomberg News, Wall Street

☆ Weapons Flood Israel’s West Bank, Fueling Fears of New War Front
▼ + stars: | 2023-10-25 | by ( Sune Engel Rasmussen | Benoit Faucon | ) www.wsj.com time to read: 1 min

AMMAN—Long before Hamas militants burst out of their Gaza stronghold to massacre scores of civilians with handguns and assault rifles, Iran and its allies had accelerated efforts to smuggle weapons into a different part of the Palestinian territories, the West Bank. Using drones, secret airline flights and a land bridge that traverses hundreds of miles and at least four national borders, the smuggling operation is raising the specter of a new conflagration in the war between Israel and Palestinians. It also poses a growing threat to Jordan, a staunch U.S. ally which borders Israel and the West Bank and has been struggling to contain a growing flow of drugs and arms.

Persons: AMMAN — Long, specter, Jordan Organizations: West Bank Locations: AMMAN, Gaza, Iran, Israel, U.S

At present, merchants pay large card issuers such as JPMorgan Chase and Bank of America 21 cents plus 0.05% of the transaction amount. Photo: Alyssa Schukar for The Wall Street JournalWASHINGTON—The Federal Reserve proposed lowering by about 30% the fees merchants pay to many banks when consumers shop with debit cards, setting off a fight with banks that oppose the changes. At present, merchants pay large card issuers such as JPMorgan Chase and Bank of America 21 cents plus 0.05% of the transaction amount, which is the level set by the Fed in 2011. The Fed can lower the cap if it determines the costs for processing debit-card payments are declining, but it had never previously done so.

Persons: Alyssa Schukar Organizations: JPMorgan Chase, Bank of America, Wall Street Journal WASHINGTON, Federal Reserve, Fed

☆ Boeing trims annual 737 delivery target due to supplier errors
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

[1/2] A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. Despite falling short on projected 737 deliveries, Boeing stuck to its goal of generating $3 billion to $5 billion in free cash flow this year. The company also intends to keep its 737 production ramp up plan intact. The company reported a wider than expected loss of $3.26 per share, compared with average analysts' expectation of $2.96 per share, according to LSEG data. The company reported $18.1 billion in revenue, slightly beating consensus estimates of $18.0 billion.

Persons: Benoit Tessier, we've, Dave Calhoun, Planemakers, Abhijith, Valerie Insinna, Arun Koyyur Organizations: Boeing, Paris, REUTERS, Air Force, Thomson Locations: Le Bourget, Paris, France, Bengaluru, Washington

☆ Data center firm Equinix trims annual revenue forecast on weak corporate spending
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The logo of Equinix is pictured at the entrance of a data center in Pantin, outside Paris, France, December 7, 2016. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 25 (Reuters) - Data center company Equinix (EQIX.O) trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale back their plans for cloud-based infrastructure. The Redwood City, California-based company expects annual revenue between $8.17 billion and $8.21 billion, compared with its prior outlook of $8.17 billion to $8.25 billion. Analysts on average expect annual revenue of $8.20 billion, according to LSEG data. For the third quarter, the company posted revenue of $2.06 billion, which was in line with analysts' estimates, according to LSEG data.

Persons: Benoit Tessier, MoffettNathanson, Raymond James, Jaspreet Singh Organizations: REUTERS, Thomson Locations: Pantin, Paris, France, Redwood City , California, Bengaluru

GE shares were up 6% at $113.14 in pre-market hours. The Boston-based group now expects 2023 adjusted profit per share of $2.55 to $2.65, compared with an earlier forecast of $2.10 to $2.30. "At GE Aerospace, we continue to experience rapid growth driven by robust demand and solid execution, largely in commercial engines and services," CEO Larry Culp said in a statement. GE's aerospace unit, which makes engines for Boeing Co (BA.N) and Airbus (AIR.PA) jets, posted double-digit growth in orders, revenue and profit from a year earlier. Shares of its aerospace unit will continue GE's listing on the New York Stock Exchange under the ticker symbol "GE", the company said.

Persons: Benoit Tessier, Larry Culp, RTX, Pratt, Whitney, Culp, Rajesh Kumar Singh, Sriraj Kalluvila, Jason Neely, Jan Harvey Organizations: Electric, GE, Boeing, Paris, REUTERS, General, GE Aerospace, Boeing Co, Airbus, New York Stock Exchange, AerCap Holdings, Thomson Locations: Le Bourget, Paris, France, Boston, Chicago, Bengaluru

The company also approved a $10 billion share repurchase program that will be funded through short and long-term debt. But profit at RTX's Collins Aerospace unit, which deals with commercial aftermarket service, rose 22% to $903 million. RTX reported an overall third-quarter adjusted profit of $1.25 per share, beating Wall Street estimates of $1.21, according to LSEG data. The company now expects reported sales of $68.5 billion, up from about $67.5 billion, and adjusted sales of $74 billion, up from $73 billion. Adjusted earnings per share - previously projected to be $4.95 to $5.05 - are now expected to be between $4.98 and $5.02.

Persons: Benoit Tessier, Pratt, Whitney, RTX, Neil Mitchill, Pratyush Thakur, Mike Stone, Valerie Insinna, Krishna Chandra Eluri, Mark Potter Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Collins Aerospace, Reuters, RTX, RTX's Collins Aerospace, Wall, Intelligence, Services, Raytheon, Thomson Locations: Le Bourget, Paris, France, Arlington , Virginia, Bengaluru, Washington

☆ Visa profit beats estimates on post-pandemic travel boost
▼ + stars: | 2023-10-24 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSummaryCompanies Cross-border volumes surge on steady travel demandStrong results signal consumer resilienceVisa Q4 adjusted EPS $2.33 beats estimate of $2.24Oct 24 (Reuters) - Card giant Visa (V.N) sailed past estimates for fourth-quarter profit on Tuesday as consumers on a post-pandemic travel rebound shrugged off worries of a looming economic slowdown and cost-of-living crisis. Visa's CFO Chris Suh said U.S. inbound travel recovery accelerated in the quarter, while travel into Asia also continued to improve. Visa's payment volumes rose 9% in the quarter, while cross-border volumes excluding transactions within Europe, a gauge of travel demand, surged 18%. Visa posted adjusted profit of $2.33 per share in the three months ended Sept. 30, topping expectations of $2.24 per share, according to LSEG data.

Persons: Benoit Tessier, Chris Suh, Suh, Michael Ashley Schulman, Logan Purk, Edward Jones, Manya Saini, Pooja Desai Organizations: REUTERS, Card, Running, Capital Advisors, Reuters, American Express, Visa, Thomson Locations: Asia, Europe, U.S, Bengaluru

☆ Morning Bid: Bitcoin is back, stocks wobble
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Treasuries remain in the headlines with yields on 10-year notes briefly hitting 5% on Monday before quickly declining. The Japanese currency was at 149.57 per dollar having touched the symbolic 150 level on Friday and on Monday. Meanwhile, bitcoin prices soared on the back of rising speculation about the possibility of a bitcoin exchange-traded fund. Reuters GraphicsReuters GraphicsKey developments that could influence markets on Tuesday:Economic events: Oct flash PMI for Germany, France, UK and Euro zone; UK August ILO unemployment rateEarnings: Barclays, Puma, Microsoft and Google-parent Alphabet.

Persons: Benoit Tessier, Ankur Banerjee, Treasuries, Sam Holmes Organizations: La Maison du, REUTERS, Ankur, Microsoft, Google, Barclays, ICE, Reuters Graphics Reuters, Puma, Thomson Locations: La, Paris, France, Israel, Europe, Asia, Pacific, Japan, Britain, United States, Germany

☆ Coca-Cola lifts forecasts on higher prices, steady demand
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

A Coca-Cola logo is pictured during an event in Paris, France, March 21, 2019. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 24 (Reuters) - Coca-Cola Co (KO.N) on Tuesday raised its annual sales and profit forecasts for a second time this year, riding on resilient demand from consumers for its sodas, juices and energy drinks as well as higher prices. The company's shares rose more than 2% in premarket trading after it also topped expectations for third-quarter results. Coca-Cola's average selling prices rose 9% in the third quarter, the company said, while overall unit case volumes increased 2%. Third-quarter net revenue rose nearly 8% to $11.91 billion, topping analysts' estimates of $11.44 billion, according to LSEG data.

Persons: Benoit Tessier, Sarah Henry, Ananya Mariam Rajesh, Sriraj Organizations: REUTERS, Cola, PepsiCo, Logan Capital Management, Procter & Gamble, Thomson Locations: Paris, France, Bengaluru

☆ Arcelik's European deal with Whirlpool gets EU approval
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

Employees stand at the Whirlpool company plant in the northern city of Amiens, France, June 14, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsCompanies Arcelik AS FollowWhirlpool Corp FollowGDANSK, Oct 24 (Reuters) - EU antitrust regulators have cleared Turkish domestic appliances maker Arcelik's (ARCLK.IS) proposed purchase of Whirlpool's (WHR.N) European domestic appliances business, an European Commission filing showed on Tuesday. "The Commission concluded that the transaction would not raise competition concerns given in particular the presence of alternative suppliers in the European Economic Area countries where both parties are active," the European Commission said in a statement. Under the deal announced in January, the companies will set up a new entity made up of Arcelik's European units producing major and small domestic appliances as well as consumer electronics with Whirlpool's European business. Britain's antitrust regulator said on Oct. 11 it had decided to refer the deal for an in-depth investigation.

Persons: Benoit Tessier, Arcelik, Blomberg, Canan, Daren Butler, Jason Neely Organizations: Whirlpool, REUTERS, Commission, Economic, European Commission, Markets Authority, Zenith, Thomson Locations: Amiens, France, GDANSK, Arctic, Altus, Grundig

☆ Macron flies to Israel to push for humanitarian truce, proposals
▼ + stars: | 2023-10-23 | by ( Michel Rose | ) www.reuters.com time to read: +4 min

French President Emmanuel Macron attends a video-conference with the families of French hostages by the Hamas militants who had entered Israel from the Gaza Strip, at the Elysee Palace in Paris, France, October 20, 2023. His advisers said that beyond showing solidarity with Israel, Macron wanted to make "proposals that are as operational as possible" to prevent an escalation, free hostages, guarantee Israel's security and work towards a two-state solution. The French leader upped the ante before the trip, telling reporters he would only travel to the region if he thought the visit would be "useful". Macron will meet with Israeli Prime Minister Benjamin Netanyahu, Israeli President Isaac Herzog, and centrist leaders Benny Gantz and Yair Lapid for the opposition. Macron has vowed on national television that France would "not abandon any of its children" in Gaza.

Persons: Emmanuel Macron, Benoit Tessier, Netanyahu, Abbas, PARIS, Macron, Israel doesn't, Benjamin Netanyahu, Isaac Herzog, Benny Gantz, Yair Lapid, Karim Emile Bitar, Mahmoud Abbas, Macron's, Michel Rose, John Irish, Sandra Maler Organizations: REUTERS, Israeli, Arab French Gaullist, IRIS, Reuters, Hamas, Thomson Locations: Israel, Gaza, Paris, France, French, Egypt, Saudi Arabia, Iran, Qatar, Arab French, Beirut

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 23 (Reuters) - Bitcoin, the world's largest cryptocurrency, hit a three-month high on Monday, rising 4.73% to $31,420 amid investor enthusiasm about the possibility of a spot bitcoin exchange-traded fund. The rise in bitcoin sent shares of cryptocurrency and blockchain-related companies such as Coinbase Global (COIN.O) and Marathon Digital Holdings (MARA.O) up 6.5% and 11.9% respectively. Bitcoin is up more than 18% from the year's low of $26,533 on Oct. 11. Bitcoin briefly soared on Oct. 16 following an erroneous news report about asset manager BlackRock's high-profile application for a spot bitcoin ETF, which would track the underlying price of the token.

Persons: Benoit Tessier, bitcoin, Bitcoin, Zach Pandl, Treasuries, BlackRock's, Matteo Greco, Fineqia, Hannah Lang, Kanjyik Ghosh, Krishna Chandra Eluri, Jonathan Oatis Organizations: La Maison du, REUTERS, Marathon Digital Holdings, Hamas, U.S . Securities, Exchange Commission, BTC, Thomson Locations: La, Paris, France, cryptocurrency, Washington, Bengaluru

☆ Atos shares slide, trader points to possible French nationalisation plans
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. According to the reports, two lawmakers - Olivier Marleix from the conservative Les Republicans and Socialist Philippe Brun - both have lodged amendments to France's 2024 budget law for a partial state takeover of Atos, citing national security concerns. The move had a negative impact on the share's trading value on Monday, one trader told Reuters. Over the last two years, Atos shares had lost almost 80% of their value. Reporting by Danilo Masoni, Michal Aleksandrowicz, writing by Tassilo HummelOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Les Echos, Olivier Marleix, Socialist Philippe Brun, Atos, Danilo Masoni, Michal Aleksandrowicz, Tassilo Hummel Organizations: REUTERS, Rights, Le Parisien, National Assembly, Les Republicans, Socialist, Atos, Reuters, Thomson Locations: Villepinte, Paris, France

Meanwhile, Boeing and Spirit, a supplier for the U.S. planemaker and European rival Airbus(AIR.PA), are contending with a lapse involving misdrilled holes on Boeing’s 737 MAX. Boeing is expected to report a loss of $2.23 per diluted share, compared with a loss of $5.49 a year ago. Spirit is projected to report a loss of $1.03 a share, compared to a loss of $1.22 a year earlier, according to LSEG data. The target may no longer be achievable if Boeing can no longer meet its goal of delivering 400 737s this year. Spirit, which reports Nov. 1, has already revealed preliminary results as part of a new price agreement with Boeing.

Persons: Benoit Tessier, Whitney, Rob Stallard, ” RTX, Ron Epstein, Vertical's Stallard, Patrick Shanahan, Pat, Michel Merluzeau, Shanahan, Valerie Insinna, Pratyush Thakur, Ben Klayman, Josie Kao Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Pratt, U.S, Airbus, Research, LSEG, ” Bank of America, Thomson Locations: Le Bourget, Paris, France, Washington, Bengaluru

☆ French president Emmanuel Macron to visit Israel in coming days
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: 1 min

French President Emmanuel Macron attends a video-conference with the families of French hostages by the Hamas militants who had entered Israel from the Gaza Strip, at the Elysee Palace in Paris, France, October 20, 2023. REUTERS/Benoit Tessier/Pool/File photo Acquire Licensing RightsPARIS, Oct 22 (Reuters) - French president Emmanuel Macron will visit Israel in coming days, the Israeli Prime Minister's office said on Sunday. Macron and Dutch Prime Minister Mark Rutte "will arrive tomorrow and Tuesday and will meet with Prime Minister Netanyahu," it said on Sunday in a post on X. The Elysee has not yet confirmed the visit. Reporting by Elizabeth Pineau, Layli Foroudi Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Macron, Benoit Tessier, Mark Rutte, Netanyahu, Elizabeth Pineau, Nick Zieminski Organizations: REUTERS, Rights, Israel, Dutch, Thomson Locations: Israel, Gaza, Paris, France

☆ Thousands gather in Paris for first authorised pro-Palestinian demo since Oct. 7 Hamas attacks
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

[1/5] French labour unions and organisations call for peace and an immediate ceasefire in Gaza during a demonstration at Place de la Republique in Paris, France, October 22, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsPARIS, Oct 22 (Reuters) - Thousands of people waving Palestinian flags and chanting "Gaza, Paris is with you" gathered on Sunday for the first pro-Palestinian demonstration allowed by police in the French capital since the Oct. 7 Hamas attacks on Israel. Police said that the protest was authorised, unlike others, because the declaration by organisers condemned the Oct. 7 attacks on Israel, which killed 1,400 people. On Thursday, a protest was authorised at the last minute only after a Paris court overturned the police decision to ban it, and in the last few days, other protests have been authorised in cities across France. Reporting by Layli Foroudi; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Catherine Colonna, Israel, Layli Foroudi, Nick Macfie Organizations: la Republique, REUTERS, Rights, Republique, Police, France Palestine Solidarity, French, Thomson Locations: Gaza, la, Paris, France, Israel, Cairo

☆ Controversial CO2 Pipeline Scrapped in Midwest
▼ + stars: | 2023-10-20 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

A drilling site in Nokomis, Ill., of Navigator CO2 Ventures, which has dropped plans to build a network of CO2 pipelines across the Midwest. Photo: Nick Schnelle for The Wall Street JournalA pipeline company dropped ambitious plans to build a network of CO2 pipelines across the Midwest, delivering a victory for environmentalists and farmers who have opposed the project. Navigator CO2 Ventures said in a press release Friday that the unpredictable nature of the regulatory and government processes had led the company to nix the multibillion-dollar project.

Persons: Nick Schnelle, nix Organizations: Navigator, ., Wall, Ventures Locations: Nokomis ,

☆ CMA CGM’s Saadé Urges Calm as Ocean Carrier Profits Plummet
▼ + stars: | 2023-10-20 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

Shipping billionaire Rodolphe Saadé said carriers should accept that the industry is returning to normal cycles that include long periods when profits are tight. Photo: benoit tessier/ReutersRodolphe Saadé, the billionaire chief executive of French container line CMA CGM, says the shipping industry shouldn’t panic over a sharp retreat in earnings. The head of the world’s third-largest liner company said in an interview that he expects the weak growth in global trade to continue through 2024. But Saadé said the tumbling profits from record highs during the Covid-19 pandemic essentially bring the business back to prepandemic levels.

Persons: Rodolphe Saadé, benoit tessier, Saadé Organizations: Shipping, CMA

☆ France's Macron sees hope for hostages in Gaza after Qatari mediation
▼ + stars: | 2023-10-20 | by ( John Irish | ) www.reuters.com time to read: +3 min

French President Emmanuel Macron attends a video-conference with the families of French hostages by the Hamas militants who had entered Israel from the Gaza Strip, at the Elysee Palace in Paris, France, October 20, 2023. Thirty French citizens were killed on Oct. 7 after Hamas militants launched an attack into Israel and seven are still missing. French medical aid would be sent in the coming hours to join Egyptian efforts backed by the United States to bring supplies into Gaza, Macron said. Macron said he was also focusing on trying to avoid an escalation between Hezbollah and Israel and messages had been passed on the Lebanese side. "We warn everyone, we are doing everything to avoid escalation but the security situation remains by definition unstable because it is at a very high level of tension and pressure."

Persons: Emmanuel Macron, Benoit Tessier, Israel, Macron, Paris, John Irish, Chris Reese, Jonathan Oatis Organizations: REUTERS, Rights, Hamas, Thomson Locations: Israel, Gaza, Paris, France, Qatar, Saudi, Egypt, United States

☆ Bitcoin hits two-month high above $30,000 in volatile week
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLONDON, Oct 20 (Reuters) - Bitcoin jumped on Friday above $30,000 for first time since July , taking gains for the week past 10%, against a backdrop of volatile trading across cryptocurrencies. Bitcoin, the largest cryptocurrency by circulation, climbed as high as $30,022, its highest since July 23. There was no immediate news catalyst for the move in bitcoin, said Joseph Edwards, head of research at London crypto firm Enigma Securities. The approval of any such applications, crypto investors have said, could usher in a new wave of capital to the asset class.

Persons: Benoit Tessier, Bitcoin, Joseph Edwards, Ben Laidler, Tom Wilson, Elizabeth Howcroft, Amanda Cooper Organizations: La Maison du, REUTERS, Securities, U.S . Securities, Exchange Commission, SEC, BlackRock, Thomson Locations: La, Paris, France, cryptocurrencies, bitcoin, London

☆ Analysis: US chip curbs give Huawei a chance to fill the Nvidia void in China
▼ + stars: | 2023-10-20 | by ( Josh Ye | ) www.reuters.com time to read: +5 min

Huawei's Ascend AI chips are comparable to Nvidia's in terms of raw computing power, analysts and some AI firms such as China's iFlyTek (002230.SZ) say, but they still lag behind in performance. "This U.S. move, in my opinion, is actually giving Huawei's Ascend chips a huge gift," Jiang said in a post on his social media Weibo account. Huawei and Nvidia did not immediately respond to Reuters' requests for comment. Huawei's partners in China so far include iFlyTek, a leading Chinese AI software company which is using the Ascend 910 to train its AI models. Other partners include state-owned software firms Tsinghua Tongfang and Digital China.

Persons: Benoit Tessier, Jiang Yifan, Jiang, CANN, Woz Ahmed, Ahmed, Meng Wanzhou, IFlyTek, Jiang Tao, Charlie Chai, 86Research, Xi Jinping, Chai, Josh Ye, Brenda Goh Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Nvidia, Huawei, Securities, Tsinghua, Digital, Thomson Locations: Porte, Paris, France, HONG KONG, China, United States, U.S, Digital China

☆ Fracking Pioneer Cashes in as Twilight Sets in the Shale Patch
▼ + stars: | 2023-10-19 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

Scott Sheffield transformed Pioneer Natural Resources from a fledgling outfit into one of the largest oil producers in West Texas and, until recently, put no limits on his ambition to grow. But after two weeks of negotiations, he agreed to sell his company for $60 billion to Exxon Mobil last week, the oil giant he had lapped for years in the Permian Basin.

Persons: Scott Sheffield Organizations: Natural Resources, Exxon Mobil Locations: West Texas

After Hamas launched its murderous assault on Israel this month, the U.S. and its allies condemned Iran for funding what they deem a terrorist organization. Left unspoken were the many ways the international community—and even Israel itself—inadvertently helped Hamas fill its coffers. The Islamist group has raised tens of millions of dollars by skimming off humanitarian assistance and taxing economic activity stirred by a trade opening into its Gaza Strip stronghold, according to independent researchers and current and former Western security officials.

Persons: — Organizations: Hamas Locations: Israel, U.S, Iran, Gaza

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