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"We are ready to add a number of your nominees to the board promptly and well before the general meetings," Capricorn said in a letter to Palliser posted on its website. Capricorn declined to clarify how exactly the board might change. Madison Avenue Partners, Capricorn's biggest shareholder at around 8%, on Monday separately reiterated its opposition to the board. The shareholder meeting to vote on the board changes is planned for Feb. 1, with a shareholder vote on the NewMed deal "on or around the same date", Capricorn said. "Holding the general meetings so close together deprives any reconstituted Capricorn board of the opportunity to re-assess the merits and terms of the NewMed transaction in parallel with a consideration of a range of other options," the statement said.

☆ Israel's Bank Hapoalim freezes mortgage rates for hard-hit homeowners
▼ + stars: | 2023-01-01 | by ( Steven Scheer | ) www.reuters.com time to read: +1 min

JERUSALEM, Jan 1 (Reuters) - Israel's Bank Hapoalim (POLI.TA) will not pass on to customers the central bank's next increase to interest rates, it said on Sunday, citing the struggles of homeowners faced with higher mortgage payments amid a broad spike in the cost of living. Hapoalim, one of Israel's two largest banks, said customers who have difficulty making mortgage payments will not have to pay extra and that it will leave the prime rate for them at 4.75% for now. The move is valid for one year for existing customers that have a mortgage linked to the prime rate and meet a number of criteria, the bank said. Hapoalim Chief Executive Dov Kotler put the number of customers who would benefit from the freeze at more than 10,000. In November Moshe Gafni, the head of the Israeli parliament's powerful finance committee, criticised a wave of central bank increases to interest rates and proposed legislation to shield mortgages.

☆ Israeli businesses decry calls to revise anti-discrimination law
▼ + stars: | 2022-12-26 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

JERUSALEM, Dec 26 (Reuters) - Several leading Israeli businesses pledged on Monday to strengthen their internal anti-discrimination rules following remarks by hard-right members of Israel's incoming government seen as undermining gender equality and minority rights. "Recent calls for revoking basic rights heard in the political arena in Israel are of grave concern to our society," Wiz said in a statement. His political rivals have accused the veteran conservative leader of being vulnerable to his far-right allies’ policy demands. Maoz says he is not anti-gay but is opposed to the LGBTQ movement and has called for the cancellation of the annual Jerusalem gay pride march. Reporting by Steven Scheer; Editing by Ari Rabinovitch, Gareth Jones and Howard GollerOur Standards: The Thomson Reuters Trust Principles.

☆ Zimbabwe bans raw lithium exports to curb artisanal mining
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

The southern African country holds some of the world's largest reserves of hard rock lithium, a vital mineral in the production of clean energy technologies. London-listed Premier African Minerals (PREM.L) says it will start shipping spodumene concentrate from its Zimbabwe lithium mine to China from March 2023, after signing an offtake deal with Suzhou TA&A Ultra Clean Technology Co (300390.SZ). "No lithium bearing ores, or unbeneficiated lithium whatsoever, shall be exported from Zimbabwe to another country," read the regulation published in a government notice issued by Mines Minister Winston Chitando. The notice said the ban does not apply to the export of lithium concentrates, which all the major lithium miners in the country plan to produce. Mnangagwa said the raw lithium was being exported through neighbouring countries.

LONDON, Dec 19 (Reuters) - Capricorn Energy's (CNE.L) third-biggest shareholder, Palliser Capital, has called for a general meeting to set a vote on removing seven Capricorn directors from supervisory roles including the CEO, according to documents seen by Reuters. "We have requisitioned the board of Capricorn Energy ... to convene a general meeting (the "EGM") of the Company," Palliser Chief Investment Officer James Smith said in a Dec. 19 letter to Capricorn shareholders. "The EGM will enable shareholders to vote on resolutions to effect the removal of seven current Capricorn directors and the appointment of six independent, highly-qualified replacement candidates." The directors that Palliser wants to remove include Capricorn Chief Executive Officer Simon Thomson and its chief financial officer, also named James Smith, who both hold executive and supervisory roles. The shareholder meeting to vote on Palliser's resolutions has to take place by Jan. 30, Palliser said.

These psychiatric drugs are regulated by the federal government as controlled substances that have high potential for abuse and addiction but are not opioids. The impact on independent pharmacies' prescriptions of psychiatric drugs from the widening crackdown on opioids has not been previously reported. It is dedicated to mitigating the abuse of controlled substances without interfering in good-faith clinical decisions made by doctors, she said. "Pharmaceutical distributors must walk a legal and ethical tightrope between providing access to necessary medications and acting to prevent diversion of controlled substances," Esposito said in a written statement. The FDA, the HHS agency that administers the list of controlled substances, did not respond to a request for comment.

☆ Israel's NewMed signs deal in Morocco for natgas exploration
▼ + stars: | 2022-12-06 | by ( Valentina Za | ) www.reuters.com time to read: 1 min

JERUSALEM, Dec 6 (Reuters) - Israel's NewMed Energy (NWMDp.TA) said on Tuesday it signed a deal with Morocco's energy and mining ministry and Adarco Energy to explore for and produce natural gas in the Moroccan offshore license Boujdour Atlantique. NewMed and Adarco will each have a 37.5% stake in the license partnership, NewMed said. The Moroccan ministry will hold the remaining 25%. Reporting by Ari RabinovitchOur Standards: The Thomson Reuters Trust Principles.

☆ Greece, Britain discussing Parthenon Sculptures return but deal not close, Athens says
▼ + stars: | 2022-12-05 | by ( Renee Maltezou | ) www.reuters.com time to read: +3 min

ATHENS, Dec 5 (Reuters) - The Greek government on Monday quashed local media reports that a deal with Britain over the repatriation of the Parthenon Sculptures to Athens was imminent but said the two sides were in talks on the long-running dispute. The museum, custodian of the sculptures known in Britain as the Elgin Marbles, also reiterated it would not dismantle its collection. Last week, Greek Prime Minister Kyriakos Mitsotakis said that there was "progress" and a sense of "momentum" in talks with Britain to reunite the sculptures in Greece. Citing a British official, Greece's ANT1 TV said on Sunday that the only way to return the sculptures to Greece without violating British law was "if the British Museum opened a kind of annex in Greece". In March, the United Nations' cultural agency UNESCO urged Greece and Britain to reach a settlement on the issue.

☆ Germans spending less as soaring power, food costs gnaw finances
▼ + stars: | 2022-12-01 | by ( Mathis Richtmann | ) www.reuters.com time to read: +8 min

REUTERS/Thomas PeterSummary Germans consuming less as inflation bitesMore worried about personal finances than FrenchState support arriving, but will it work? But this year he took the dish off the menu because rising costs all along the supply chain would have doubled its price compared to last year. That would be beyond the budgets of Germans looking to cut back on non-essentials amid a cost of living crisis fuelled by rising energy prices. At some point in 2023, he and hundreds of thousands of others will receive a bill for his 2022 heating to recover additional costs from rising prices. Discount retailer Primark said in November it was looking to reduce its presence in Germany as it grappled with weak sales and rising costs.

☆ ‘Living in despair and hopelessness’: A lack of affordable housing can put people’s health at risk
▼ + stars: | 2022-11-30 | by ( Renuka Rayasam Fred Clasen-Kelly Kaiser Health News | Renuka Rayasam | Fred Clasen-Kelly | ) edition.cnn.com time to read: +11 min

She suspected the gray and brown splotches spreading through the apartment were mold and had caused her son’s illness. A nationwide affordable housing crisis has wreaked havoc on the lives of low-income families, like Joseph’s, who are close to the brink. Housing instability — such as having trouble paying rent, living in crowded conditions, or moving frequently — can have negative consequences on health, according to the federal Office of Disease Prevention and Health Promotion. And there is no county in the country where a minimum-wage worker could afford a two-bedroom rental home, according to an August report from the National Low Income Housing Coalition. A few months after leaving the apartment, Joseph and her two children moved in with her sister in Orlando, Florida, with their remaining possessions — a car and some clothes.

☆ ‘There’s no rules. It’s crazy’: New money in NCAA recruiting leaves elite athletes ripe for exploitation
▼ + stars: | 2022-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kit-Ramgopal-Byline.Jpg | Kit Ramgopal | ) www.nbcnews.com time to read: +15 min

Instead, the coveted junior recruit was benched, due to a decision from the state’s governing body for high school sports. Meanwhile, in a growing number of states, including California, even high school athletes can enter contracts. But boosters can pay prospective students through NIL deals, as long as the money is not contingent on enrollment or athletic performance. A University of Miami booster has earmarked $10 million to sign players to NIL deals through his companies. Cunningham’s message to high school athletes is “the grass isn’t always greener,” even in California.

☆ Israel's NewMed Energy leaning towards floating LNG expansion
▼ + stars: | 2022-11-24 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

JERUSALEM, Nov 24 (Reuters) - Israel's NewMed Energy (NWMDp.TA) said on Thursday it was leaning towards building a floating liquefied national gas (FLNG) terminal to further develop its Leviathan gas field off Israel's Mediterranean coast. "The floating (LNG terminal) is really where we are heading right now," chief executive Yossi Abu told Reuters after NewMed issued third-quarter financial results that beat estimates. NewMed earned a net $123 million in July-September, compared with a $50 million loss a year earlier. Revenue net of royalties from natural gas rose 28% to $265 million in the quarter. Over the first nine months of the year, 8.5 bcm of natural gas has been produced from Leviathan, NewMed said.

☆ Israel Discount Bank reports higher third quarter profit
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: 1 min

JERUSALEM, Nov 23 (Reuters) - Israel Discount Bank (DSCT.TA) on Wednesday reported a 31% jump in third-quarter profit, with higher interest rates boosting financing income. Discount, Israel's fourth-largest bank by assets, said it earned a net 893 million shekels ($258 million) in the quarter, up from 722 million a year earlier. Net interest income rose 10% to 2.28 billion shekels, helped by aggressive Bank of Israel rate hikes to fight inflation. Credit loss expenses for the quarter were 106 million shekels compared with income from provisions of 126 million during the same period the previous year. ($1 = 3.4598 shekels)Reporting by Ari Rabinovitch, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Israel's Bank Hapoalim Q3 profit jumps amid rate hikes
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Nov 23 (Reuters) - Bank Hapoalim (POLI.TA) reported on Wednesday a 48% jump in quarterly net profit as higher interest rates boosted financing income. Hapoalim, one of Israel's two largest lenders, said it earned a net 1.79 billion shekels ($518 million) in the third quarter, compared with a profit of 1.21 billion shekels a year earlier. Helped by aggressive Bank of Israel rate hikes to fight inflation, net interest income rose 42% to 3.64 billion shekels. Its provision for credit losses was 45 million shekels compared with income from the provision of 252 million shekels last year. Hapoalim said it would pay a dividend of 536 million shekels, or 30% of third quarter net profit, after resuming ongoing dividends in the second quarter.

The following are major companies that were accused of contributing to the crisis, and settlements or judgments involving those companies. Teva Pharmaceutical Industries Ltd (TEVA.TA)-In November, finalized claims nationwide for $4.25 billion, some of which is to be paid as a supply of the overdose-reversing drug naloxone. AbbVie Inc (ABBV.N)-In November, finalized a $2.37 billion nationwide settlement resolving claims against Allergan, a company it acquired in 2020. Endo International Plc (ENDPQ.PK)-Reached a $450 million settlement with more than 30 states as part of a bankruptcy filing in August. Mallinckrodt Plc (MNK.A)-Reached a $1.7 billion nationwide settlement as part of its bankruptcy reorganization plan, approved in February.

Nov 22 (Reuters) - Teva Pharmaceutical Industries Ltd (TEVA.TA) and AbbVie Inc (ABBV.N) have finalized the terms of settlements worth more than $6.6 billion to resolve thousands of lawsuits by U.S. state and local governments over the marketing of opioid painkillers, the companies and lawyers for the governments said Tuesday. Under the deals, first announced in July, Israel-based Teva will pay up to $4.25 billion, including a supply of the overdose drug naloxone. AbbVie will pay up to $2.37 billion. The final amounts of the settlements will depend on how many state and local governments opt into them. The sprawling litigation over opioids, which began in 2017, has yielded more than $40 billion in settlements with drugmakers, distributors and pharmacy chains.

One of the biggest makers of generic drugs, Israeli-based Teva said it aims eventually to secure a 10% global market share of biosimilars. A division of Novartis (NOVN.S), Sandoz is currently the second biggest player after Pfizer Inc (PFE.N) in the biosimilar market by gross sales globally, per IQVIA data, cited by Sandoz. Sandoz launched eight biosimilar drugs between 2017 and 2021, including a version of Bristol-Myers’ multiple myeloma drug Revlimid. The analysis projected the value of the global biosimilar market could more than triple to an estimated $74 billion by 2030. Sandoz and Teva are both working on biosimilars for Humira.

☆ Israel's Econergy secures 250 mln eur financing for renewable projects
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 18 (Reuters) - Israel's Econergy Renewable Energy (ECNR.TA) has secured 250 million euros ($258 million) of financing from French asset manager RGREEN INVEST to strengthen its investments in renewable energy projects across Europe, the firm said on Friday. RGREEN INVEST will provide 87.5 million euros in corporate financing to Econergy International Limited, the British subsidiary of the Israeli-listed company, to strengthen the company's pipeline development and growth plans in Britain. Another 163 million euros of investment will be provided to support the construction of solar and wind projects across Europe. Econergy develops solar, wind and storage projects and has more than 7.5 gigawatts (GW) of projects under development in countries such as Italy, Spain, Britain, Romania, Poland and Greece. ($1 = 0.9686 euros)Reporting by Nina Chestney; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ How private-equity firms, rich with investors' cash, plan to capitalize on a souring economy
▼ + stars: | 2022-11-16 | by ( Casey Sullivan | Rebecca Ungarino | ) www.businessinsider.com time to read: +9 min

The ultimate winners from the economic downturn may turn out to be private-equity firms. At the same time, private-equity firms are seeing fewer exits and fundraising is slowing. That's the private-equity industry, according to interviews with corporate advisors and a review of earnings transcripts. Regardless of the challenges, however, one positive note for the largest private-equity firms is that they are more diversified today. These relationships are better insulating private-equity firms from economic cycles, she added.

☆ U.S. says six airlines issue $622 million in refunds
▼ + stars: | 2022-11-14 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 14 (Reuters) - The U.S. Transportation Department said Monday that six airlines were slapped with $7.25 million in penalties and agreed to issue $622 million in passenger refunds as the agency vows to aggressively enforce consumer protections. "It shouldn't take enforcement action from (USDOT) to get airlines to pay the funds that they're required to pay." Buttigieg said under the settlements ultra-low-cost carrier Frontier Airlines (ULCC.O) was required to pay $222 million in refunds and will pay a $2.2 million penalty, while Tata Group-owned Air India will pay $121.5 million in required refunds and a $1.4 million fine. State-owned TAP Portugal will issue $126.5 million in required refunds and pay a $1.1 million penalty, and Colombia's Avianca (AVT_p.CN) will pay $76.8 million in required refunds and pay a $750,000 penalty. El Al Israel Airlines (ELAL.TA) will issue $61.9 million in required refunds and pay a $900,000 penalty, and Mexico's Aeromexico (AEROMEX.MX) will pay $13.6 million in required refunds and a $900,000 fine.

SHARM EL-SHEIKH, Egypt, Nov 14 (Reuters) - The heads of two big natural gas companies told Reuters on Monday they were seeking to use the setting of the COP27 international climate summit to bill their industry as a leader in the fight against global warming. loading"The world has changed, people have better understanding that upstream (gas) companies are not the enemy. "We’re seeing globally people taking a much more realistic approach, developing renewables but also developing a lot of natural gas." However, the research collaboration Climate Action Tracker said last week that countries scrambling to source more natural gas to replace supplies from Russia are risking years of emissions that could thwart climate goals. Coal power plants produced a fifth of global greenhouse gas emissions in 2021, more than any other single source, according to the International Energy Agency.

At the same time, the pan-European STOXX 600 (.STOXX) was down 0.4% and an index of European oil and gas stocks was down 0.9%. (.SXEP)The IPO, which priced at the bottom of the expected price range, gave an initial valuation of 2.45 billion pounds ($2.83 billion) for the company. The London stock exchange has suffered the worst year on record for UK IPOs as market volatility persists amid the energy crisis and worsening economic forecasts. So far in 2022, global utility and energy IPOs valued at more than $100 million saw an average 19.9% return after one day, compared with negative returns for European utility and energy IPOs and UK IPOs across all sectors, according to Dealogic data. The last oil and gas producer to float on the main London stock exchange was eastern Mediterranean-focused Energean (ENOG.L) in 2018.

☆ Advertising technology firm Perion Q3 profit jumps, adjusts 2022 estimates
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Nov 9 (Reuters) - Advertising technology firm Perion Network (PERI.TA), reported on Wednesday a 53% rise in quarterly profit as advertisers continue to shift to new ways of targeting customers. The Israel-based company earned 61 cents per diluted share excluding one-time items in the third quarter, up from 40 cents a share a year earlier. The company was forecast to earn 44 cents a share excluding items on revenue of $158 million, according to I/B/E/S data from Refinitiv. Perion narrowed its 2022 outlook to $630 million-$635 million from $620 million-$640 million for annual growth of 32%. It also lifted its estimate for 2022 adjusted earnings before interest, taxes, depreciation and amortisation to more than $120 million from at least $102 million.

☆ UK energy IPOs get a vote of minimal confidence
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 9 (Reuters Breakingviews) - In one sense, Ithaca Energy’s initial public offering on Wednesday was a success. But a 6% drop below its 250 pence listing price on its first day of trading suggests it’s not all good news read more . Ithaca, owned by Israel’s Delek Group (DLEKG.TA), has a newly minted equity value of roughly $2.9 billion, and $1.4 billion of net debt. And Ithaca might have to rethink key growth projects, like oilfield Cambo, if the UK elects a potentially more anti-fossil fuel Labour government in the coming years. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ TSX rises to 2-month high as materials sector jumps
▼ + stars: | 2022-11-08 | by ( Fergal Smith | Juliette Portala | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 114.40 points, or 0.6%, at 19,660.31, its highest closing level since Sept. 14. The materials group, which includes precious and base metals miners and fertilizer companies, added 4.7%. Copper rose 1.7%, while gold was up 2.2% at about $1,712 per ounce as the U.S. dollar and bond yields fell. Its shares rose 12.4% after the company reported quarterly results. Reporting by Fergal Smith in Toronto Additional reporting by Shashwat Chauhan in Bengaluru Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

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