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☆ Islamic jihad faction holding over 30 Israelis captive, its chief says
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: 1 min

Ziad Al-Nakhala, Islamic Jihad's deputy leader, arrives at a hotel with other Palestinian negotiators after negotiations in Cairo August 13, 2014. REUTERS/Asmaa Waguih/File Photo Acquire Licensing RightsCAIRO, Oct 8 (Reuters) - Islamic Jihad chief Ziad al-Nakhala said on Sunday that his faction was holding captive more than 30 of the Israelis who were abducted in the Gaza Strip since Saturday after Hamas launched attacks on Israel. The captives will not be repatriated "till all of our prisoners are released," al-Nakhala added, referring to thousands of Palestinians who are in Israeli prisons. Reporting by Nidal Al Mughrabi, Ali Sawafta, writing by Muhammad Al Gebaly; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Ziad Al, Asmaa, Ziad al, Nakhala, Nidal Al Mughrabi, Ali Sawafta, Muhammad Al Gebaly, Bernadette Baum Organizations: Islamic, REUTERS, Rights, Thomson Locations: Cairo, Rights CAIRO, Gaza, Israel

Shawbrook is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, people familiar with the matter also told Reuters. Metro Bank, Lloyds and Santander did not immediately respond to a request for comment. Metro Bank has seen its shares tumble after news emerged that it had hired advisers to shore up its balance sheet after failing to gain key capital relief from banking regulators. Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales. While Metro Bank's customer deposits, like those of other UK banks, are backed by a government guarantee up to 85,000 pounds, the regulator is keen for concerns not to spread.

Persons: Shawbrook, Robey Warshaw, Elisa Martinuzzi, Pablo Mayo Cerquerio, Iain Withers, Amy, Jo Crowley, Bernadette Baum, Ros Russell Organizations: Prudential, Authority, Metro Bank, HSBC, Lloyds, London, Reuters, The Financial Times, JPMorgan, Metro, Sky News, Santander, Shawbrook, Thomson

☆ Germany mulls possible aid suspension to Palestinians after Hamas attack
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

Israel supporters protest, following Hamas' biggest attack on Israel in years, next to the Brandenburg Gate, in Berlin, Germany, October 8, 2023. "We will now review our entire engagement for the Palestinian territories." But pushback came from the opposition Left party and the Greens, junior partner in the federal coalition. Hamas, and not all Palestinians, were responsible for the attack, said Gregor Gysi, a prominent member of the Left party. "These funds above all gave suffering people in the Palestinian territories access to food provisions and health care."

Persons: Israel, Liesa, Svenja Schulze, Armin Laschet, Mahmoud Abbas, pushback, Gregor Gysi, Luise Amtsberg, Markus Wacket, Sarah Marsh, Ros Russell, Bernadette Baum Organizations: REUTERS, Rights, Palestinian, Hamas, . Development, Social Democrats, West Bank, Left, Greens, Palestinian Authority, United Nations, Thomson Locations: Israel, Brandenburg, Berlin, Germany, Palestinian, Europe

☆ Key Republican backs Biden nominee to head FAA
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Senator Ted Cruz (R-TX) departs the U.S. Capitol building on Capitol Hill in Washington, U.S., April 26, 2023. REUTERS/Nathan Howard/ File Photo Acquire Licensing RightsWASHINGTON, Oct 5 (Reuters) - A key Senate Republican said Thursday he plans to support the White House nominee to head the Federal Aviation Administration (FAA) as the agency addresses a series of near-miss incidents and air traffic controller staffing shortages. "The FAA is in desperate need of independent leadership willing to challenge the status quo," said Senator Ted Cruz, the top Republican on the Senate Commerce Committee in a statement to Reuters. He said Whitaker "has expressly committed to focus on the FAA's primary responsibility, which is ensuring the safety of our national aerospace." Reporting by David Shepardson Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Ted Cruz, Nathan Howard, Joe Biden, Michael Whitaker, Barack Obama, Whitaker, David Shepardson, Bernadette Baum Organizations: U.S . Capitol, REUTERS, Rights, Republican, White House, Federal Aviation Administration, Hyundai, FAA, Senate, Reuters, Thomson Locations: Washington , U.S, KS

☆ Israeli troops kill two Palestinian gunmen, suspected shooter, in West Bank
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

[1/5] A Palestinian protestor kicks a tear-gas canister during clashes with the Israeli forces, near Tulkarm, in the Israeli-occupied West Bank, October 5, 2023. REUTERS/Raneen Sawafta Acquire Licensing RightsTULKARM, West Bank, Oct 5 (Reuters) - Two Palestinian gunmen were killed and five Israeli soldiers were wounded in occupied West Bank clashes on Thursday and Israeli troops killed the suspect in a later shooting attack on Israeli motorists. It said a pursuit and gunfight ensued, and soldiers killed the two men before recovering an assault rifle from their car. Hours later, a suspected Palestinian gunman shot at an Israeli vehicle driving through the village of Huwara, emergency services said. The West Bank, among the territories where Palestinians seek statehood, has experienced a surge of violence in recent months amid an almost decade-old impasse in U.S.-sponsored peacemaking.

Persons: Raneen, Jihad, Ali Sawafta, Nidal, Bernadette Baum, Howard Goller Organizations: West Bank, REUTERS, Hamas, Reuters, Palestinian Health Ministry, Thomson Locations: Palestinian, Tulkarm, TULKARM, West, Huwara

☆ German sanctions officers raid Russian citizen's properties in Bavaria
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Russian businessman and founder of USM Holdings Alisher Usmanov attends a session during the Week of Russian Business, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP), in Moscow, Russia March 16, 2017. REUTERS/Sergei Karpukhin/File Photo Acquire Licensing RightsBERLIN, Oct 5 (Reuters) - German police and customs officers on Thursday searched several properties in southern Germany belonging to a Russian national in relation to assets frozen under European Union sanctions, customs officials said. A source familiar with the matter told Reuters that Russian oligarch Alisher Usmanov was the target of the operation. A special commission dubbed "Matryoshka", set up by the German customs authority's sanctions office, said in a statement that officers searched properties in greater Munich and Tegernsee in Bavaria. The German customs authority's special commission said it was acting on court search warrants.

Persons: Usmanov, Sergei Karpukhin, Miranda Murray, Joern Poltz, Rachel More, Friederike Heine, Bernadette Baum Organizations: USM Holdings, Russian, Industrialists, Entrepreneurs, REUTERS, Rights, Union, Reuters, Usmanov, Thomson Locations: Russian Union, Moscow, Russia, Germany, Russian, Uzbek, Ukraine, Munich, Tegernsee, Bavaria, Rottach

The government last week revisited a 40% tax on banks' net interest margin (NIM) that it had introduced in a shock move in August. Lenders now have the option to boost reserves by an amount equivalent to 2.5 times the tax. Economy Minister Giancarlo Giorgetti said on Sept. 27 the final outcome of the process would be "a great bank policy measure" that makes Italy's banks the strongest in Europe. The law requires banks that forego the tax to set aside money under ad hoc reserves in their accounts. If forced to boost capital through the ad hoc reserves, banks can use larger buybacks over time to compensate shareholders, one of the sources said.

Persons: Giancarlo Giorgetti, Remo Casilli, Banks, Luigi Lovaglio, Andrea Orcel, Giorgia Meloni, Giorgetti, Bernadette Baum Organizations: REUTERS, Treasury, Economy, European Central Bank, Monte, Thomson Locations: Rome, Italy, ROME, Europe, Monte dei, Siena

REUTERS/Athit Perawongmetha/ File Photo Acquire Licensing RightsBANGKOK, Oct 4 (Reuters) - Thailand will close legal loopholes relating to firearm classification and online sales in its gun control efforts, its police chief said on Wednesday, a day after a teenager was arrested following a deadly shooting at a mall that left two people dead. Existing Thai laws on the possession of illegal firearms carry a prison sentence of up to 10 years and a fine of up to 20,000 Thai baht($539.67). Laws have tightened after mass shootings in recent years in Thailand, including a requirement for a medical evaluation for those who want to buy a gun or renew their gun license. And in 2020, a soldier shot and killed at least 29 people in another northeastern Thai city. "The government should learn the lessons from past mass shooting incidents, review the proposed solutions and quickly implement them," Krisanaphong said.

Persons: Athit, Torsak Sukvimol, Torsak, Lazada, Krisanaphong, Panu, Poppy McPherson, Devjyot Ghoshal, Bernadette Baum, Alexandra Hudson Organizations: REUTERS, Rights, Authorities, Thailand's Channel, Rangsit University, Reuters, Singapore's, Alexandra Hudson Our, Thomson Locations: Siam, Bangkok, Thailand, Rights BANGKOK, Southeast Asia, Thai

☆ Driver may have fallen ill before fatal Venice bus crash
▼ + stars: | 2023-10-04 | by ( Claudia Greco | ) www.reuters.com time to read: +3 min

[1/6] Flowers are seen at the site where a coach crashed off an overpass in Mestre, Italy, October 4, 2023. Five Ukrainians, a German and the Italian bus driver were among those killed, Venice's prefect Michele Di Bari, the local representative of the interior ministry, said on Wednesday. "We presume the driver may have fallen ill," Veneto regional president Luca Zaia told Rtl 102.5 radio. The bus had been ferrying the tourists back to a campsite in nearby Marghera after a day out in Venice. "I think the driver had an illness, because otherwise I can't explain it," Fiorese said, adding that the driver had started his shift less than two hours before the crash.

Persons: Claudia Greco, Michele Di Bari, Luca Zaia, Di Bari, Volodymyr Zelenskiy, Corriere, Massimo Fiorese, Corriere della Sera, Fiorese, Alvise Armellini, Keith Weir, Bernadette Baum, Gavin Jones, Gareth Jones Organizations: REUTERS, Rtl, Corriere della Sera, Thomson Locations: Mestre, Italy, Venice Italian, VENICE, Venice, Veneto, Croatian, Marghera, Nigeria

☆ Toxic smoke from Croatia depot fire spreads in region, may spell ecological risks
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Residents near the outskirts of Osijek where the fire began were urged to remain indoors and keep windows shut as clouds of thick, black smoke enshrouded the area. Schools were closed and there were unconfirmed reports the smoke was moving towards Bosnia in the south. Ivan Anušić, governor of the Osijek-Baranja region, accused the owners of the depot, Drava International, which makes plastics, of neglect and violations of law. "This has created an ecological disaster which will hit the whole region, and some neighbouring (regions) as well." [1/5]A firefighter stands near the fire at Drava International factory near Osijek, Croatia, October 4, 2023.

Persons: Ivan Anušić, Anusic, Antonio Bronic, Dragan Vulin, Zeljko, Daria Sito, Bernadette Baum Organizations: Residents, Drava, REUTERS, Reuters Television, Thomson Locations: OSIJEK, Croatia, Croatian, Osijek, Bosnia, Baranja, Drava's

☆ Morning Bid: Bond steamroller flattens all
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +5 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. That's all on top of the ongoing rethink of the Fed's long-term rate horizon and increasingly high-pressure economy. Hit from all sides, the Treasury market is simply in ructions - catalysed perhaps by technical, speculative and positioning factors too. Ten-year yields hit a whopping 4.88% early on Wednesday - an increase of 80 basis points in little over a month. And implied volatility in the bond market (.MOVE) hit its highest since May.

Persons: Florence Lo, Mike Dolan, Kevin McCarthy, Michelle Bowman, Austan Goolsbee, Jeffrey Schmid, St, Louis Fed, Kathleen O'Neill Paese, Mehmet Simsek, Bernadette Baum Organizations: U.S, REUTERS, Congress, riven, Federal Reserve, Bank of, Treasury, Nasdaq, Reserve Bank of New, P Global, U.S . Federal Reserve, Chicago Fed, Kansas City Fed, Turkish, Thomson, Reuters Locations: U.S, Washington, Asia, Europe, Reserve Bank of New Zealand, Kansas, London

☆ ECB's Centeno says rate cycle likely completed, inflation retreating
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

LISBON, Oct 4 (Reuters) - The cycle of interest rate hikes by the European Central Bank has likely come to an end as inflation across the euro zone is retreating faster then it rose, ECB Governing Council member Mario Centeno said on Wednesday. "We can expect that the rate cycle has been completed by now, and with present conditions," he told reporters in Lisbon. Centeno warned that even as the ECB's nominal interest rates could now remain stable due to declining inflation, real interest rates that directly impact companies, households and economies were still expected to increase, requiring "some caution with decisions in the near future". "The transmission of monetary policy is delayed in time, takes time to happen and does not impact all countries in the same way at the same time," Centeno added. Reporting by Sergio Goncalves, edititng by Andrei Khalip, Bernadette Baum and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Mario Centeno, Centeno, Sergio Goncalves, edititng, Andrei Khalip, Bernadette Baum, Sharon Singleton Organizations: European Central Bank, ECB, Thomson Locations: LISBON, Lisbon

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. The latest order is the second major aircraft purchase by United over the past year. In December, it unveiled a huge order of 100 Boeing 787 Dreamliners and 100 737 MAXs. The large 787 order is likely to raise further questions about the future of outstanding United orders for 45 Airbus A350s which have already been deferred to at least 2030. Nocella said while A350 is a "great machine" and there is no change in the company's order, United is focused on its 787 fleet in the short-run.

Persons: Joshua Roberts, Andrew Nocella, Nocella, It's, Valerie Insinna, Rajesh Kumar Singh, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio, Aurora Ellis Organizations: United Airlines Airbus, Washington National Airport, REUTERS, United Airlines, Tuesday, Boeing, Airbus, Reuters, Air Canada, Air France, KLM, U.S, United, Thomson Locations: Washington , U.S, Chicago, United, North America, U.S, Washington, Bengaluru

☆ United Airlines to announce order for 110 Airbus, Boeing jets -sources
▼ + stars: | 2023-10-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. Airbus, Boeing and United declined to comment. Demand has rebounded for long distance widebody jets to meet international travel demand. Weakening pricing power in United's domestic market has sparked concerns about travel demand, reflected in airline share prices. At the time, the order sparked concerns about United Airlines' balance sheet.

Persons: Joshua Roberts, Richard Aboulafia, Jefferies, Aboulafia, Valerie Insinna, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio Our Organizations: United Airlines Airbus, Washington National Airport, REUTERS, Rights, United Airlines, Boeing, Airbus, Reuters, United, Air Canada, Air France, KLM, NYSE, Carriers, Thomson Locations: Washington , U.S, Washington, Bengaluru

☆ Two earthquakes rattle Nepal, injuring 17, triggering landslides
▼ + stars: | 2023-10-03 | by ( Gopal Sharma | ) www.reuters.com time to read: +1 min

KATHMANDU, Oct 3 (Reuters) - Two earthquakes rocked western Nepal on Tuesday, injuring 17 people, damaging homes and triggering a landslide that blocked a major highway, authorities said. The temblors, centred in Talkot and Chainpur, struck at an interval of about 30 minutes. Police official Dipesh Chaudhary said 17 people - 11 women and six men - were injured and were being treated in hospital. One of the injured people was hit by a falling object, said Narayan Pandey, the top district official. Some homes in Chainpur, a town in the district, collapsed.

Persons: Rama Acharya, Dipesh Chaudhary, Narayan Pandey, Nilutpal, Gopal Sharma, Tanvi Mehta, Andrew Heavens, Clarence Fernandez, Bernadette Baum Organizations: Reuters, Police, Thomson Locations: KATHMANDU, Nepal, Bajhang, India, Talkot, New Delhi, Chainpur, Bengaluru, Kathmandu

☆ Banks stocks back in vogue for hedge funds in September -Morgan Stanley
▼ + stars: | 2023-10-03 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S. April 17, 2017. Both long and short exposure to all European stocks still sat at relatively low levels for U.S. and European hedge funds. U.S.-based managers' holdings of European equities remain at relatively lower levels than has historically been the case, while European hedge funds' positions in Europe are near their lowest levels since 2010, Morgan Stanley said. European hedge funds have higher exposure to companies listed in the U.S. and Asian countries other than Japan. Morgan Stanley, as one of the biggest providers of lending and trading services to hedge funds, is able to track their investment trends.

Persons: Morgan Stanley, Shannon Stapleton, Morgan Stanley's, Nell Mackenzie, Bernadette Baum Organizations: REUTERS, Global, North, U.S, Thomson Locations: New York, U.S, Europe, Japan

☆ HMD starts making Nokia phones in Europe, launches 5G smartphone
▼ + stars: | 2023-10-03 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Oct 3 (Reuters) - HMD Global, which makes Nokia-branded phones, has become the first major smartphone company to manufacture devices in Europe with its first made-in-Hungary 5G model, aimed at data security-conscious customers, now available for purchase. "We are thrilled to be manufacturing the Nokia XR21, our signature rugged 5G smartphone, in Europe," HMD Global co-founder, chairman and CEO Jean-Francois Baril said on Tuesday. Before HMD opened its Hungarian operations, Europe had no large-scale smartphone manufacturing as major companies like Apple and Samsung make their phones in Asia to keep costs down. HMD signed an exclusive 10-year licensing agreement with Nokia Oyj (NOKIA.HE), once the world's largest phone maker, in 2016 to make Nokia-branded smartphones and tablets. The Nokia XR21 European edition is priced from 649 euros, or 549 pounds, the company said.

Persons: Brendan McDermid, Jean, Francois Baril, HMD, Baril, Paul Sandle, Bernadette Baum Organizations: Nokia Corporation, New York Stock Exchange, REUTERS, Nokia, Apple, Samsung, U.S ., European Union, Thomson Locations: New York City, U.S, Europe, Hungary, Asia, China, Finland

☆ Parents of Michigan teen school shooter to face trial
▼ + stars: | 2023-10-03 | by ( Rich Mckay | ) www.reuters.com time to read: +3 min

David Guralnick/Pool via... Acquire Licensing Rights Read moreOct 3 (Reuters) - The parents of a teenage school shooter who killed four students and wounded six other people in 2021 at his Detroit-area high school will stand trial for involuntary manslaughter, the Michigan Supreme Court ruled on Tuesday. The court, in Lansing, Michigan, ruled that it would not hear the appeal of the parents of Ethan Crumbley, who was 15 at the time of the Oxford High School shooting. His parents, Jennifer and James Crumbley, are seeking to avoid trial on four counts of involuntary manslaughter each. An Oakland County Circuit Court and a panel of three Michigan Court of Appeals judges have already ruled against the Crumbleys. The Crumbleys each face charges connected to the deaths of Oxford High students Madisyn Baldwin, 17; Tate Myre, 16; Hana St. Juliana, 14; and Justin Shilling, 17.

Persons: Ethan Crumbley, David Guralnick, James Crumbley, Shannon Smith, Mariell Lehman, Madisyn Baldwin, Tate Myre, Hana St, Juliana, Justin Shilling, Rich McKay, Bernadette Baum Organizations: Oxford, Oakland, Michigan Supreme, Oxford High School, Prosecutors, Circuit Court, Detroit News, Oxford High, Thomson Locations: Oakland County, Pontiac , U.S, Detroit, Michigan, Lansing , Michigan, Atlanta

☆ GM, Ford furlough another 500 workers due to UAW strike
▼ + stars: | 2023-10-02 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 2 (Reuters) - General Motors (GM.N) and Ford Motor (F.N) on Monday said they are laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in its 18th day. Ford said last month it temporarily laid off about 600 workers at a Michigan auto plant because of the strike. UAW President Shawn Fain on Friday expanded the first-ever simultaneous strike against the Detroit Three to a GM Lansing, Michigan plant and a Ford Chicago assembly plant, but Stellantis was spared after last-minute concessions. The GM and Ford CEOs on Friday blasted the UAW, hours after the union escalated the strike.

Persons: Rebecca Cook, Ford, GM's, Stellantis, Shawn Fain, Mack Trucks, David Shepardson, Bernadette Baum, David Gregorio, Bill Berkrot Organizations: United Auto Workers, UAW, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, General Motors, Ford, GM, Chrysler, Ohio Metal Center, Marion , Indiana Metal Center, Buick Enclave, Chevrolet Traverse, Detroit, Volvo, JPMorgan, Anderson Economic Group, Thomson Locations: Delta Township, Michigan, Chicago, Lima , Ohio, Parma, Marion ,, GM's Lansing Delta, GM's Missouri, Fairfax , Kansas, Ohio, Indiana, Lansing , Michigan, Ford Chicago

☆ COP28 president says oil companies support 2050 net-zero goal
▼ + stars: | 2023-10-02 | by ( Maha El Dahan | ) www.reuters.com time to read: +2 min

Jaber, who is also head of United Arab Emirates oil giant ADNOC, has this year urged the energy industry to join the fight against climate change. He was a controversial pick to lead COP28, which begins next month, because his country is an OPEC member and a major oil exporter. "We need a system-wide holistic transformation of entire economies - economies that currently run on the equivalent of 250 million barrels of oil, gas, and coal every single day," Jaber said at an oil and gas conference in Abu Dhabi. The COP28 summit is scheduled to take place in Dubai between Nov. 30 and Dec. 12. Major oil and gas company chiefs held meetings with heavy industry bosses on Sunday in the UAE to discuss a decarbonization commitment ahead of COP28.

Persons: Sultan Al Jaber, ABU, Sultan al, Jaber, it's, Maha El Dahan, Yousef Saba, Alexander Cornwell, Nadine Awadalla, Louise Heavens, Bernadette Baum Organizations: Africa Climate Summit, United Nations, United, United Arab Emirates, Thomson Locations: UAE, Africa, Nairobi, Kenya, ABU DHABI, United Arab, OPEC, Abu Dhabi, Dubai, COP28

☆ GM furloughs another 160 workers due to UAW strike
▼ + stars: | 2023-10-02 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 2 (Reuters) - General Motors (GM.N) said Monday it was indefinitely laying off about 160 workers at plants in Indiana and Ohio because of the impact of the United Auto Workers strike on some facilities. The UAW on Friday said it would strike at GM's Lansing Delta Township assembly plant that makes the Buick Enclave and Chevrolet Traverse SUVs after previously striking at GM's Missouri assembly plant and 18 parts distribution centers. The new GM furloughs include 130 at its Parma, Ohio Metal Center and 34 at its Marion, Indiana Metal Center. The UAW strike on Monday was entering its 18th day after the chief executives of GM and Ford blasted the UAW on Friday, hours after the union escalated the strike.

Persons: Rebecca Cook, Shawn Fain, Mary Barra, Jim Farley, David Shepardson, Ed Osmond, Bernadette Baum Organizations: United Auto Workers, UAW, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, General Motors, Buick Enclave, Chevrolet Traverse, Detroit automaker, GM, Ohio Metal Center, Marion , Indiana Metal Center, Detroit, Ford, Chrysler, JPMorgan, Thomson Locations: Delta Township, Michigan, Indiana and Ohio, GM's Lansing Delta, GM's Missouri, Fairfax , Kansas, Parma, Marion ,, Lansing, Chicago

☆ In Burkina Faso, a Million Children Out of School Due to Insecurity– UNICEF
▼ + stars: | 2023-10-02 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

DAKAR (Reuters) - More than one million children and 31,000 teachers have been unable to return to their classrooms in Burkina Faso due to violence and insecurity as the West African nation starts another academic year on Monday, UNICEF said. About 6,100 schools, or at least one out of four, was shut on the first day of the school year, UNICEF said. "Having so many children still unable to return to school due to violence and insecurity, and so many schools closed, is very upsetting," John Agbor, UNICEF Representative in Burkina Faso, said in the statement. Burkina Faso has been struggling to contain Islamist insurgents linked to al Qaeda and Islamic State who have killed thousands and displaced over two million people in the country, more than half of them children. More than 3.8 million children in total are still due to return to school in Burkina Faso, including in areas affected by conflict, UNICEF said, adding it was working with authorities and other partners to help facilitate access to education, including programmes such as lessons by radio.

Persons: John Agbor, Bate Felix, Bernadette Baum Organizations: UNICEF, Islamic, Reuters Locations: DAKAR, Burkina Faso, West African, U.S, al Qaeda, Islamic State, Mali, Niger

☆ France's Planisware IPO aims for 1.11 bln-1.25 bln euro valuation
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

Oct 2 (Reuters) - French software company Planisware launched on Monday an initial public offering aiming for a valuation between 1.11 billion and 1.25 billion euros, as part of its aim to become the top provider of software solutions for project portfolio management. The group said 15.1 million shares will be sold, priced between 16 and 18 euros each, and it hoped to raise 241 million euros ($254.52 million) from the share sale. "We strongly believe that this IPO (...) will give us the means to achieve our ambition to be the number one provider of multi-specialty project and portfolio management software solutions," Planisware Co-Founder and Chairman Pierre Demonsant said in a statement. The pricing of the offering is expected to take place on Oct. 11. ($1 = 0.9469 euros)Reporting by Diana Mandiá and Stéphanie Hamel; Editing by Jamie Freed and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Planisware, Pierre Demonsant, Diana Mandiá, Stéphanie Hamel, Jamie Freed, Bernadette Baum Organizations: Thomson

☆ Brazil police carry out raids as part of Jan. 8 riots probe
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Brazil's flag is reflected on a broken window, after the supporters of Brazil's former President Jair Bolsonaro participated in an anti-democratic riot at Planalto Palace, in Brasilia, Brazil, January 9, 2023. Police, according to a statement, were serving three arrest warrants and 10 search-and-seizure warrants ordered by the Supreme Court in four states - Sao Paulo, Parana, Minas Gerais and Goias. The raids represent the 17th phase of an operation launched in mid-January to identify people who participated in, funded or fostered the riots, in which a crowd invaded and ransacked the Congress, presidential palace and Supreme Court. Earlier this month, the Supreme Court voted to convict the first three people to stand trial for the riots, sentencing them each to at least 14 years in prison. Bolsonaro himself has faced a congressional inquiry surrounding the Jan. 8 insurrection and multiple police probes overseen by the Supreme Court.

Persons: Jair Bolsonaro, Ueslei Marcelino, Luiz Inacio Lula da Silva, d'état, Bolsonaro, Gabriel Araujo, Bernadette Baum 私 Organizations: REUTERS, SAO PAULO, Police, Supreme Locations: Planalto, Brasilia, Brazil, Sao Paulo, Parana, Minas Gerais, Goias

☆ Quake of 4.2 magnitude strikes volcanic fields near Italy's Naples
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

ROME, Sept 27 (Reuters) - A 4.2 magnitude earthquake struck a volcanic field near Naples early on Wednesday, the biggest in nearly four decades, but Italian authorities said it appeared to have caused no damage. The earthquake, part of more than 60 seismic events registered since early Tuesday, took place at 3:35 a.m. (0135 GMT), the Italian Geophysics and Volcanology Institute (INGV) said. The temblor "was felt by the population but according to initial checks no damage has been reported so far," the Italian Civil Protection agency said in a statement. The Phlegraean Fields is an area of volcanic craters on the western outskirts of Naples that is under constant monitoring for the risk of earthquakes or volcanic eruptions. Lifting phases "are accompanied by intense local seismic activity", the civil protection said on its website.

Persons: Alvise Armellini, Bernadette Baum Organizations: Italian Geophysics, Volcanology Institute, Civil, Thomson Locations: Naples, Italian

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