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☆ A first-of-its-kind drone landing shows how the British navy plans to keep its new aircraft carriers in action for longer
▼ + stars: | 2023-10-23 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

During a test in September, a drone flew on and off a British aircraft carrier for the first time. A difficult operationRoyal Navy airman secure a W Autonomous Systems drone aboard HMS Prince of Wales in early September. In 2021, the Royal Navy tested a drone system meant to help crews train to defend against incoming jets and missiles. AdvertisementAdvertisementTurkey's navy will soon add TCG Anadolu, the world's first aircraft carrier designed for a drone air wing. The US Air Force's Next Aircraft Dominance Program is developing a sixth-generation family of aircraft, drone wingmen designed to fly alongside piloted planes.

Persons: —, Wales, Richard Hewitt, HMS Prince, LPhot Finn Stainer, Hutchins, Hewitt, Merlin, Ash Loftus, Prince, Burak, NavyMCS2 Colby, Alex Hollings, Hollings, George H.W, George H.W . Bush, MCS3 Brandon Roberson, Constantine Atlamazoglou Organizations: Service, Royal Navy, Autonomous Systems, Royal Navy Carrier Strike Groups, Wildcat, Fleet, Royal Navy Air Test, Anadolu, Anadolu Agency, Getty Images, US Air Force, Navy, US, Force's, Air Force, US Navy, Fletcher School of Law, LinkedIn, Twitter Locations: British, Prince, Wales, Dardanelles, Tulsa, Vietnam, George H.W .

Speculation that Chevron and Exxon might try to buy rivals BP (BP.L) and Shell (SHEL.L) intensified over the last two years as the European majors underperformed their U.S. rivals. Investors punished the European companies for their pivot towards renewables and low carbon energy while rewarding the U.S. companies' focus on oil and gas production that drove record profits last year. The oil industry last went through an era of major consolidation in the late 1990s when Exxon, Shell, BP and France's TotalEnergies merged with rivals to create huge integrated companies. A senior industry source close to the issue, as well as analysts and investors dismissed any imminent U.S. purchase of European rivals. Some European investors have also campaigned for energy companies to shift their business models to help tackle climate change.

Persons: Hess, Dado Ruvic, Tyler Tebbs, Bernard Looney, Lucas Herrmann, Shell's, Exxon's, Ron Bousso, Simon Webb, Barbara Lewis Organizations: REUTERS, Chevron, Hess, LONDON, Exxon Mobil, Exxon, BP, Shell, Investors, France's, Natural Resources, MKP Advisors, BNP, Reuters, European, Thomson Locations: Ukraine, Chevron, U.S

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

Michel suggested no deal was imminent when he told reporters the two sides needed to find "mutually beneficial" solutions. U.S. Trade Representative Katherine Tai met with European Commission Executive Vice President Valdis Dombrovskis on Thursday, a third source told Reuters. Michel told reporters it was a critical time for the United States and the EU to "stick together" on their shared values and commitment to democracy given the Israel-Hamas conflict. It is still to be seen if this will end the U.S. tariffs threat or just see an extended suspension. Given the EU needs such materials itself for its green transition, the positive impact for the bloc may be limited.

Persons: Ursula von der Leyen, Joe Biden, Charles Michel, Michel, von der Leyen, Katherine Tai, Valdis Dombrovskis, Donald Trump, Bernd Lange, Philip Blenkinsop, Alexandra Hudson, Jonathan Oatis Organizations: WASHINGTON, European Union, Trump, Commission, U.S, European, . Trade, EU, Washington, World Trade Organization, United, Thomson Locations: BRUSSELS, United States, Israel, Gaza, Ukraine, Europe, North America, China, Brussels, U.S, Washington, Friday's

☆ NATO boosts Baltic patrols after undersea infrastructure damage
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

Navy ships sail during the Northern Coasts 2023 exercise in the Baltic Sea, September 18, 2023. REUTERS/Janis Laizans/File Photo Acquire Licensing RightsBRUSSELS, Oct 19 (Reuters) - NATO is stepping up patrols in the Baltic Sea following recent damage to undersea infrastructure in the region, the transatlantic military alliance said on Thursday. A fleet of four NATO minehunters is also being dispatched to the area," NATO said in a statement. "NATO will continue to adapt its maritime posture in the Baltic Sea and will take all necessary steps to keep Allies safe." The buildup illustrates that NATO allies are vigilant and ready for action, Estonian Defence Minister Hanno Pevkur said.

Persons: Janis Laizans, Dylan White, Hanno Pevkur, Andrew Gray, Andrius, Sudip Kar, Gupta, Ed Osmond Organizations: REUTERS, Rights, NATO, Baltic, Estonian Defence, European Union, Andrius Sytas, Thomson Locations: Baltic, Rights BRUSSELS, Sweden, Estonia, Finnish, Estonian, Finland, Tallinn, Brussels, Vilnius

U.S. President Joe Biden will host Michel and European Commission chief Ursula von der Leyen on Friday to show unity toward Ukraine, but with trade irritants souring ties. U.S. Trade Representative Katherine Tai met with European Commission Executive Vice President Valdis Dombrovskis on Thursday, and the two countries' trade negotiators were meeting around the clock. Michel told reporters it was a critical time for the United States and the EU to "stick together" on shared values and commitment to democracy, especially given the escalating crisis in the Middle East, which threatens to overshadow the long-planned summit. It is still to be seen if this will end the U.S. tariffs threat or just see an extended suspension. Given the EU needs such materials itself for its green transition, the positive impact for the bloc may be limited.

Persons: Charles Michel, Joe Biden, Michel, Ursula von der Leyen, von der Leyen, Katherine Tai, Valdis Dombrovskis, Donald Trump, Bernd Lange, Philip Blenkinsop, Alexandra Hudson, Jonathan Oatis Organizations: European Union, EU, European Commission, Trump, . Trade, European, Washington, World Trade Organization, United, U.S, Thomson Locations: BRUSSELS, WASHINGTON, United States, Ukraine, China, Brussels, U.S, Washington, North America

☆ An 87-year-old deal is keeping a lid on the naval war in Ukraine — for now
▼ + stars: | 2023-10-18 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Fighting between Russia and Ukraine in the Black Sea has picked up in recent months. The fighting is taking a toll on Russia's Black Sea Fleet, which Moscow can't reinforce. Russia's Black Sea Fleet hasn't been defeated, but its losses, including the sinking of its flagship, the Moskva, weigh more heavily on Russia's war effort because of a deal signed nearly a century ago that is preventing Moscow from bringing more ships into the Black Sea. The convention distinguishes between Black Sea powers — those with a Black Sea coastline — and non-Black Sea powers. "Initially it was thought that it was a big deal that some of the Russian warships were prevented from entering the Black Sea.

Persons: —, Russia —, hasn't, Sergey Ponomarev, US Navy Arleigh Burke, OZAN KOSE, Ben Wallace, Stringer, Turkey's, Volodymyr Dubovyk, Dubovyk, Sabina Joja, Joja, Constantine Atlamazoglou Organizations: Montreux Convention, NATO, Service, Fleet, Sea Fleet, AP, US Navy, Getty, Russian, REUTERS, Mechnikov National University, Middle East Institute, Washington DC, Fletcher School of Law, LinkedIn, Twitter Locations: Russia, Ukraine, Moscow, Montreux, Crimea, Moskva, Sevastopol, Rostov, AFP, Turkey, Baltic, Northern, Odessa's, Ukrainian, Turkish, Romanian, Iulia, Washington, Izmail, Ankara, NATO

☆ EU seeks to ease US tariff, green subsidy threats
▼ + stars: | 2023-10-16 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

Washington has asked Brussels to move against Chinese steel producers in particular in return for avoiding the re-imposition of Trump-era tariffs on EU steel and aluminium, with an end-October deadline to reach an agreement. Those subsidies, largely in the IRA, have irked EU countries because they contain local content requirements. Half of the tax break is reliant on extraction of processing of critical minerals taking place in a country with which the United States has a free trade agreement. The EU is hoping that the summit will also yield an agreement on critical minerals - cobalt, graphite, lithium, manganese and nickel - that would benefit EU suppliers. EU exports to the United States of these minerals or products principally containing them totalled 3.5 billion euros ($3.7 billion) in 2022, Eurostat data shows.

Persons: Joe Biden, Ursula von der Leyen, Charles Michel, Philip Blenkinsop, Lisa Shumaker Organizations: European Union, Trump, U.S, European Commission, European Council, Washington, WTO, Thomson Locations: BRUSSELS, Ukraine, Brussels, China, United States, U.S, North America, EU

☆ The UK Labour Party has a Biden-esque economic plan — but it's very different to Bidenomics
▼ + stars: | 2023-10-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

LIVERPOOL, U.K. - Oct. 11, 2023: Britain's main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty ImagesLONDON — The U.K.'s main opposition Labour Party last week set out the economic platform it hopes will propel it to power at next year's general election, and the transatlantic parallels were clear. Reeves promised last week to "rebuild Britain" as the party seeks to de-risk business investment in emerging technologies with a new national wealth fund, maintaining an active state while harnessing private investment to drive economic growth. Labour's desired parallels to "Bidenomics" were discussed at a host of fringe events throughout the conference in Liverpool, particularly with regards to the "crowding in" of private investment — a Keynesian economic theory that suggests increased government spending can spur increased private investment. Just because the policies may be oriented towards boosting infrastructure and investment, unless they have that debt finance component, it's not Bidenomics."

Persons: Keir Starmer applauds, Paul Ellis, Keir Starmer, Starmer, they're, Rachel Reeves, Joe Biden's, Reeves, Britain —, Biden, Kallum Pickering, Liz Truss, Truss, Rishi Sunak, Pickering, it's Organizations: LIVERPOOL, Labour Party, Afp, Getty, Labour, U.S, Biden administration's, U.S . Treasury, CNBC, Bank of England, Conservative Party, U.S ., University of Pennsylvania Locations: Liverpool, England, America, Britain, Germany, France

☆ NFL waves goodbye to London as Baltimore Ravens take down Tennessee Titans
▼ + stars: | 2023-10-15 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +5 min

Tottenham Hotspur Stadium, London CNN —The National Football League (NFL) waved goodbye to London for another year as the Baltimore Ravens beat the Tennessee Titans 24-16 at the Tottenham Hotspur Stadium. While officially listed as a home game for the Titans, London sounded like a home away from home for the Baltimore faithful. The rapturous Ravens fans brought the noise from start to finish as they witnessed their team win the last of the three games held in the English capital this season. Baltimore Ravens fans found a new home in London. Over 60,000 loud fans were in attendance at the Tottenham Hotspur Stadium, London.

Persons: Lamar Jackson, John Harbaugh, Kin Cheung, Justin Tucker, Nick Folk, Vincent Mignott, deafening, Zay Flowers, Jackson, Derrick Henry, Ryan Tannehill, Caroline, ”, Bon, Brightside ”, Harbaugh, Flowers, Kirby Lee, Roger Goodell, “, ” Goodell, Zac Goodwin Organizations: Tottenham Hotspur, London CNN, National Football League, Baltimore Ravens, Tennessee Titans, Titans, Baltimore, rapturous Ravens, Ravens, NFL, English Premier League, USA, Sports, Reuters, London, ESPN, football’s, Miami Dolphins, Super Bowl, Kansas City Chiefs, Indianapolis Colts, New England Patriots, Frankfurt Locations: London, Baltimore, American, England, Germany, Frankfurt

☆ The billionaire who popularized duty-free shops and gave away his wealth liked to live frugally, from flying economy to driving a used Volvo
▼ + stars: | 2023-10-12 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Duty-free shops innovator Chuck Feeney died this week at the age of 92. AdvertisementAdvertisementIrish-American billionaire Chuck Feeney died this week at the age of 92. According to Irish journalist Conor O'Clery's biography of Feeney, "The Billionaire Who Wasn't: How Chuck Feeney Secretly Made and Gave Away a Fortune," Feeney was uncomfortable with his wealth even earlier on in his career. Chuck Feeney lived modestly, preferring rented apartments over mansions. Chuck Feeney is a good hero to have."

Persons: Chuck Feeney, —, Feeney, Conor O'Clery's, Chuck Feeney Secretly, Carnegie Corporation Feeney, O'Clery, Helga, didn't, — they'd, Forbes, Bill Gates, Warren Buffett, frugality — Feeney, Buffett, frugally Organizations: Service, Duty, Shoppers, Facebook, Carnegie Corporation, Timex, Volvo, Gates Locations: American, New Jersey, San Francisco

Most foreign airlines have suspended or curtailed services, leaving passengers uncertain how to leave or reach the country and consular services struggling to keep up with demand for assistance, with priority given to those with missing relatives. Israel's parliamentary finance committee said late on Tuesday it would debate authorising state guarantees for providing war risk insurance for Israeli airlines. British Airways said it would suspend flights to Tel Aviv after diverting a flight from London back to Britain shortly before it was due to reach Tel Aviv, citing security concerns. U.S. Transportation Secretary Pete Buttigieg said Washington remains in talks with U.S. airlines about flights to Israel. Passengers have complained of mounting costs especially for leaving Israel, but airlines deny driving up prices.

Persons: Yiannis, El Al, Sun Dor, Israel, ” Neil Roberts, Jan Lipavsky, Lipavsky, couldn't, Annalena Baerbock, Carsten Spohr, Pete Buttigieg, flydubai, Steven Scheer, Carolyn Cohn, Jacob Gronholt, Pedersen, Michael Kahn, Victoria Klesty, Joanna Plucinska, Tim Hepher, Huseyin Hayatsever, David Shepardson, Alexander Cornwell, Mark Potter, Lincoln Organizations: Larnaca International Airport, REUTERS, El, Hamas, Association, British Airways, Lufthansa, German, . Transportation, U.S, Nordic, Dubai's Emirates, Etihad Airways, Thomson Locations: Israel, Larnaca, Cyprus, Israeli, Athens, Rome, Madrid, Bucharest, New York, Paris, Istanbul, El, Tel Aviv, London, Britain, Czech, Oman, Prague, Lipavsky, Denmark, Carsten Spohr ., Washington, Norwegian, Oslo, Abu Dhabi, United States, COVID

☆ Germany, France Hold Unprecedented Cabinet Retreat to Oil Creaky EU Motor
▼ + stars: | 2023-10-09 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

"Macron and Scholz are simply very different personalities," Anton Hofreiter, chair of the German parliament's Committee on European Union Affairs and member of the Greens. "Ultimately the point of bilateral relations is to overcome differences- that is the core of the EU," a French cabinet member said, on condition of anonymity. The informal team-building exercise is in keeping with the German tradition of holding cabinet "Klausur" or retreats. The stakes are high, said Detlef Seif, a leading German Christian Democratic Union lawmaker on EU affairs. (Reporting by Sarah Marsh and Andreas Rinke in Berlin; Additional Reporting by Michel Rose in Paris; Editing by Ros Russell)

Persons: Sarah Marsh, Andreas Rinke BERLIN, Jacob Ross, Emmanuel Macron, Angela Merkel, Olaf Scholz, Macron, Scholz, Anton Hofreiter, Detlef Seif, Andreas Rinke, Michel Rose, Ros Russell Organizations: German, Foreign Relations, European Union Affairs, Greens, German Christian Democratic Union, EU, Reuters Locations: France, Hamburg, Europe, Ukraine, China, Brussels, Russian, Berlin, United States, Germany, German, Paris

☆ Analysis: Putin banks on wavering support for Ukraine, amid a race against time
▼ + stars: | 2023-10-08 | by ( Nathan Hodge | ) edition.cnn.com time to read: +8 min

Last week, President Joe Biden signed into law a stopgap bill to avert a government shutdown, but funding for Ukraine was a casualty of the brinksmanship on Capitol Hill. The Biden administration emphasizes that that the American public’s support for Ukraine remains strong. Ukrainian President Volodymyr Zelensky walks down the White House colonnade to the Oval Office with President Joe Biden during a visit to the White House in Washington, DC, on September 21. In his remarks at Valdai, he clearly implied that Russia intends to outlast the West over Ukraine. Paraphrasing Putin, Mylovanov said that the Kremlin believes that “Ukraine will have one week left to LIVE once Western supplies are over.

Persons: Donald Trump, he’d, Vladimir Putin, Putin, ”, “, Joe Biden, Biden, Kevin McCarthy, Volodymyr Zelensky, Kevin Lamarque, —, Robert Fico, Fico, Ukraine —, Wolfgang Schwan, Rob Bauer, brazenly, Tymofiy Mylovanov, Putin’s Valdai, Mylovanov, Wagner Organizations: CNN, Kremlin, Ukraine, Capitol, White, Pentagon, of, Republican, Trump, European Union, NATO, Russia, Anadolu Agency, Warsaw Security, Royal Netherlands Navy, Committee, Kyiv School of Economics Locations: Ukraine, Ukrainian, Washington, Washington ,, United States, Europe, Slovakia, EU, Russian, Bakhmut, Russia, Siberia, Eastern Siberia, Valdai, West, Brussels, Hroza, Kharkiv, Ukraine’s

☆ How 1880s technology made it possible for 2 women to travel around the world in under 80 days
▼ + stars: | 2023-10-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +19 min

In 1889, journalist Nellie Bly set off on a trip around the world, trying to make it under 80 days. "You see a huge emphasis being placed on building ships that were ever faster than the previous generation of ships," Goodman said. Once aboard the train, Bly began to receive telegrams from her editors and well-wishers. "Sometimes it literally literally just says, 'Nelly Bly's train,'" Behn said. For Behn, what Bly and Bisland did remains incredible and deserve to be remembered as much as Verne's story.

Persons: Nellie Bly, Elizabeth Bisland, —, Jules Verne's, Bly, Bisland, Adrien Behn, Matthew Goodman, Elizabeth Bisland's, Victoria, Augusta Victoria, Henry Guttmann, seasickness, Behn, San Francisco —, Bettmann, Goodman, John Mix Stanley, Said, Getty Images Bly, they'd, Alfred Touchemolin's, voyaged, She'd, James Buchanan, Joseph Pulitzer's, Nelly Bly's, Jules Verne, Thomas Cook, Fogg, Nelly, she'd Organizations: Service, Cosmopolitan, Atlantic, Hulton, Western, Central Pacific, Union Pacific, Union Pacific's Overland, Rockies, Railroad, US, Ships, Suez, Getty Images, Workers, SSPL, Headquarters, Thomas Cook &, Companies Locations: London, New Jersey, New York, California, Blackwell's, of, New York Harbor, Chicago, Omaha, Utah, San, Salt, Union, Iowa, San Francisco, Midwest, Between Nebraska, Sacramento , California, Sierra Nevada, Lake Jessie , North Dakota, Washington ,, Philadelphia, Suez, Europe, Asia, Africa, Britain, India, Port Said, Egypt, Yemen, commonwealths, British, Aden, Colombo, Penang, Hong Kong, Singapore, Ceylon, Yokohama, France, Germany, America, South China, Nevada, Russian Empire, East, North America, London's, Italy, Ireland, United States, Japan, China

☆ Poland's Security Depends on Own Army and U.S. - Deputy PM
▼ + stars: | 2023-10-07 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

WARSAW (Reuters) - Poland's military security depends on its own army and on an alliance with the United States, deputy prime minister and ruling party leader Jaroslaw Kaczynski said on Saturday. He added that in order for the U.S. to want to help, Poland must be capable of defending itself. "If these are combined, our opponents, you know who I mean - the Russians - will know that we have powerful forces to defend ourselves, and in addition the Americans will also help. Then there will be no war, then we really are safe." (Reporting by Karol Badohal; Editing by Andrew Cawthorne)

Persons: Jaroslaw Kaczynski, Kaczynski, Karol Badohal, Andrew Cawthorne Organizations: NATO Locations: WARSAW, United States, Poland, Ukraine, Moscow, U.S, Europe, Germany, Polish, Lublin, Russians

☆ Life at Sea's three year cruise hits another obstacle
▼ + stars: | 2023-10-06 | by ( Julia Buckley | ) edition.cnn.com time to read: +10 min

Life at Sea cruises is due to launch its three-year, round-the-world cruise next month, setting sail from Istanbul on November 1. Choppy watersThe path to freedom on the high seas has not gone smoothly for Life at Sea Cruises. In September, the company announced it would extend the cruise indefinitely, allowing passengers to stay onboard for life if they so wished. It’s a mess.”Some of the residents CNN have spoken with say they will be homeless if the cruise doesn’t go ahead. And although Holmes insists they will make the November 1 launch, the passengers CNN has spoken with are doubtful.

Persons: “ I’ve, – I’m, “, Miray, AIDA Cruises, Heidi Klum, AIDA –, Kendra Holmes, Holmes, ”, it’ll, “ They’ve, I’ve, “ I’m, they’ve, –, aren’t, We’ve, I’ll Organizations: CNN, Cruises Miray Cruises, Carnival, Sea Cruises, Miray, Residents, Cruises, “ Locations: Istanbul, Germany, German

☆ EU, US seek interim steel deal to avoid return of Trump tariffs - Bloomberg News
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

A steel coil is unrolled on the line at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March 9, 2018. REUTERS/Aaron Josefczyk/File Photo Acquire Licensing RightsOct 6 (Reuters) - Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and aluminium trade that would avert the re-imposition of Trump-era tariffs on transatlantic commerce, Bloomberg News reported on Friday. White House and European Commission officials are negotiating a provisional political agreement that would cover the two main planks of the Global Arrangement for Sustainable Steel and Aluminum that the EU and U.S. have been negotiating since 2021, which include tackling non-market excess capacity and carbon emissions, the report said citing people familiar with the talks. Reporting by Jyoti Narayan in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Aaron Josefczyk, Jyoti Narayan, Jacqueline Wong Organizations: Novolipetsk, REUTERS, European Union, Trump, Bloomberg, White, European Commission, Sustainable Steel, EU, U.S, Thomson Locations: Farrell , Pennsylvania, U.S, Bengaluru

☆ Jet engine maker CFM says suspect parts reached its own repair shops
▼ + stars: | 2023-10-05 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

"CFM is reviewing the documentation turned over by AOG Technics as part of our effort to determine the full extent of their sale of parts with fraudulent documentation," CFM said. AOG Technics could not be reached for comment. The CFM56 is the most sold jet engine in history and was developed by a transatlantic venture that turns 50 next year. The findings cover thousands of parts for the CFM56 engine as well as hundreds of parts for GE's CF6 engines, used mainly on commercial freighters. CFM56 engines entered service in 1982 and power the previous generation of Boeing (BA.N) 737s and about half the previous generation of Airbus (AIR.PA) A320s.

Persons: Philippe Wojazer, France's Safran, AOG Technics, Jose Zamora Yrala, CFM's, Tim Hepher, Bill Berkrot, Deepa Babington Organizations: REUTERS, Rights, Jet, CFM, GE Aerospace, AOG, CFM Materials, Boeing, Airbus, Thomson Locations: Reau, Paris, France, London

☆ Analysis: When, not if, Europe copies Wall Street share trading reform
▼ + stars: | 2023-10-05 | by ( Huw Jones | ) www.reuters.com time to read: +6 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. A shorter settlement time might increase efficiency, cut collateral needs, and "increase the competitiveness and the attractiveness of EU financial markets", ESMA said. ESMA is seeking views for a cost/benefit analysis of moving to at least T+1, though few believe it will not go ahead given advances in technology, regulatory pressure, and gravitational pull of Wall Street. EFAMA, a European funds industry body, says the move on Wall Street will require changes to existing IT systems for European firms and U.S. investors who trade European shares. There is already talk of moving to the next stage after T+1: instant or simultaneous settlement.

Persons: Carlo Allegri, ESMA, Pete Tomlinson, Richard Knox, Charlie Geffen, Geffen, AFME's Tomlinson, Huw Jones, Alison Williams Organizations: New York Stock, REUTERS, European, EU, U.S, Federal Reserve, Association for Financial Markets, Bankers, SWIFT Institute, CLS, Financial, UK, Thomson Locations: Manhattan, New York City , New York, U.S, European Union, Britain, Switzerland, Europe, United States, Canada, London, Brussels, Luxembourg, Madrid, Mainland China

☆ U.S. optimistic it will reach critical minerals deal with EU
▼ + stars: | 2023-10-02 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

REUTERS/Shelley Christians/File Photo Acquire Licensing RightsBRUSSELS, Oct 2 (Reuters) - The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for U.S. clean vehicle tax breaks, a senior U.S. official said on Monday. The transatlantic partners are negotiating whether and how EU critical minerals, such as lithium and nickel, can qualify for green subsidies under the U.S. Inflation Reduction Act, which promotes products manufactured in North America. He added there was no plan to tie an agreement on critical minerals to the result of separate transatlantic negotiations to resolve a bilateral dispute over U.S. import tariffs on EU steel. The United States signed a minerals deal with Japan in March. Fernandez also said he was meeting EU officials to discuss an agenda for the next joint Trade and Technology Council, which the United States will host before the end of the year.

Persons: Jose W, Fernandez, Shelley Christians, Jose Fernandez, Philip Blenkinsop, Mark Potter Organizations: United, State, Economic Growth, Energy, Mining, REUTERS, Rights, European Union, U.S, State Department, Japan, EU, Trade, Technology Council, Thomson Locations: United States, Cape Town , South Africa, Rights BRUSSELS, Europe, U.S, North America, Brussels, Britain

☆ Live Aid the musical coming to London decades after fundraising extravaganza
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

Musician Bob Geldof attends the world premiere of 'The Beatles: Eight Days a Week - The Touring Years' in London, Britain September 15, 2016. Organised by rockers Bob Geldof and Midge Ure almost 40 years ago, Live Aid was watched by an estimated 1.5 billion people. "Just For One Day" written by author John O’Farrell and directed by Luke Sheppard, will run at The Old Vic from January 26 to March 30, 2024. The theatre said the production had the permission from the Band Aid Charitable Trust, which will get 10% from the sale of each ticket. "We all remember where we watched Live Aid, who we watched it with, and the pure amazement at the feat that was unfolding before our eyes."

Persons: Bob Geldof, Neil Hall, London's Old Vic, Midge Ure, Geldof, John O’Farrell, Luke Sheppard, Matthew Warchus, Bob Dylan, David Bowie, Queen, Paul McCartney, Elton John, John F, Ure, Marie, Louise Gumuchian Organizations: REUTERS, London's Old, Aid Charitable Trust, London's Wembley, Kennedy, Thomson Locations: London, Britain, Ethiopia, Philadelphia

☆ TPC Sawgrass: How one woman found her dream home on one of the world’s most famous golf courses
▼ + stars: | 2023-10-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +9 min

“It was a really, really difficult decision,” Burchell told CNN. Rebecca BurchellBurchell’s focus had settled on Seven Mile Drive, a neighborhood that occupies the second-highest price bracket at Sawgrass Players Club. Michael Cohen / Getty ImagesThe view remains the star attraction of life in Sawgrass Players Club for Burchell, but it is far from the only draw. The clubhouse, pictured during the 2011 Players Championship, is the focal point of the community. Fans flock to the iconic 17th island green at TPC Sawgrass to watch Tiger Woods at the 2018 Players Championship.

Persons: Rebecca Burchell, Emma, Liam, Burchell, –, Rebecca’s, Mark, ” Burchell, ”, viewings, Rebecca Burchell Burchell’s, Pete Dye, Bobby Weed, Jerry Pate, that’s, “, I’ve, Michael Cohen, Scott Halleran, …, gridlock, Woods, Richard Heathcote, “ It’s Organizations: CNN, PGA Tour, Sawgrass Players, Burchell, TPC, Yards, Getty, University of Florida Locations: Beaconsfield, England, Ponte Vedra, Jacksonville , Florida, Jacksonville, Florida, Dye’s, Dye's

☆ mRNA vaccine: 5 things to know
▼ + stars: | 2023-10-02 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

Here are five things to know about Karikó and Weissman’s game-changing research and mRNA vaccines. What mRNA doesMessenger RNA, or mRNA, is a form of nucleic acid that tells cells what to do based on the information contained in DNA. Messenger RNA-based vaccine technology doesn’t rely on a modified version of a virus to produce an immune response. Potential beyond fighting Covid-19The advent of mRNA vaccine technology has led to safe and strong protection against Covid-19. And mRNA technology is also being checked out as a possible alternative to gene therapy for intractable conditions such as sickle cell disease.

Persons: Katalin Karikó, Drew Weissman, Peggy Peterson, Robin Shattock, ” Shattock, —, Karikó, Weissman, ”, Roberts, Thomas Perlmann, it’s Organizations: CNN, University of Pennsylvania, Penn Medicine, Imperial College London, Covid, Penn’s Perelman, of Medicine, Vaccine, Perelman School of Medicine, Nobel Assembly Locations: Hungary

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