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☆ Earthquakes hit Italy super volcano, raising spectre of evacuations
▼ + stars: | 2023-09-27 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

ROME, Sept 27 (Reuters) - A leading volcanologist has warned that mass evacuations might be needed in a town close to Naples, which sits on a so-called Super Volcano that has been hit by hundreds of small earthquakes in recent weeks. Campi Flegrei sits across the bay of Naples from Pompeii, where thousands were incinerated by Mount Vesuvius in 79 AD. However, it is a much bigger volcano than Vesuvius and if it ever exploded at full force could kill millions. Speaking in a personal capacity, De Natale said the last time Campi Flegrei suffered a similar burst of earthquakes in the 1980s, some 40,000 people were temporarily evacuated from nearby Pozzuoli. The Campi Flegrei caldera has a diameter of about 12-15 km (7.5-9.3 miles) and last erupted in 1538.

Persons: Flegrei, Vesuvius, Giuseppe De Natale, De Natale, Campi Flegrei, Della Sera, Alvise Armellini, Crispian Balmer, Bernadette Baum, William Maclean Organizations: National Institute for Geophysics, Reuters, Thomson Locations: Naples, Pompeii, Pozzuoli, U.S ., Wyoming, Greenland, U.S

☆ 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

People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. A company spokesperson declined to say whether manufacturing has been resumed partially or fully. Pegatron had halted the assembly of iPhones for the past two days at its factory in Tamil Nadu state after a fire broke out on Sunday. It has previously said the incident "does not have significant financial or operational impact". Reporting by Munsif Vengattil in Bengaluru and Praveen Paramasivam in Chennai, Editing by Louise Heavens and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Praveen, Pegatron, Munsif, Louise Heavens, Bernadette Baum Organizations: REUTERS, Rights, Apple, Reuters, Thomson Locations: Chennai, India, Tamil Nadu, Bengaluru, Praveen

☆ Bank of England to leave rates on hold through mid-2024, cut in Q3
▼ + stars: | 2023-09-26 | by ( Shaloo Shrivastava | ) www.reuters.com time to read: +4 min

A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. Last week, the Bank surprised markets by not raising rates, sending sterling to a six-month low, but signalled rates would remain higher for longer. Still, over 40% of economists, 15 of 37, who answered an extra question said the BoE should hike rates again this year. Sixteen economists predicted Bank Rate at 5.00% in the third quarter, 10 forecast 4.75%, six said 4.50%, one expected 4.25% and one 3.75%. The European Central Bank was predicted to cut rates in the third quarter next year but the Federal Reserve might start in the second quarter, separate Reuters polls showed.

Persons: Hollie Adams, The BoE, BoE, James Smith, James Rossiter, Shaloo Shrivastava, Anitta Sunil, Purujit Arun, Jonathan Cable, Bernadette Baum Organizations: Bank of England, City of, REUTERS, Rights, Bank, Monetary, The, ING Financial Markets, TD Securities, European Central Bank, Federal Reserve, Thomson Locations: City, City of London, Britain

MARTIGNY, Switzerland, Sept 26 (Reuters) - St. Bernard dogs, one of Switzerland's national symbols that were internationally renowned for helping in alpine rescues, are now saving people in other ways. "The dogs work in hospitals, in nursing homes with senior citizens. They are descendants of Barry I, a St. Bernard credited with saving the lives of more than 40 people on the Great St. Bernard Pass in the early 19th century. "They have a great sense of smell," said Anne Hölzer, in charge of training at Barry Foundation. "It's a very strong symbol of Switzerland," Zollinger said.

Persons: Bernard dogs, Bernard, Andrea Zollinger, Zollinger, Roxy van de Burggravehoeve, Barry, Denis Balibouse, Barry Foundation's, Roxy, Barry I, Napoleon, Anne Hölzer, Gabrielle Tétrault, Farber, Bernadette Baum Organizations: Barry Foundation, REUTERS, Thomson Locations: Switzerland, Swiss, Martigny, Italy, France, Bernard

☆ Russia mulls joining China in banning Japanese seafood imports
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Japan started releasing the water from the plant into the ocean last month, drawing strong criticism from China. Russia is one of the biggest marine product suppliers to China and is seeking to increase its market share. "Taking into account the possible risks of radiation contamination of products, Rosselkhoznadzor is considering the possibility of joining with Chinese restrictions on supplies of fish products from Japan," Rosselkhoznadzor said in a statement. So far this year, Russia has imported 118 tonnes of Japanese seafood, the regulator said. Japan will scrutinise Tuesday's announcement by Russia, the top Japanese government spokesperson Hirokazu Matsuno said on Wednesday.

Persons: Kim Kyung, Rosselkhoznadzor, Hirokazu Matsuno, Matsuno, Alexander Marrow, Olga Popova, Katya Golubkova, Bernadette Baum, Gerry Doyle Organizations: Food, REUTERS, China, Japan, International Atomic Energy Agency, IAEA, Japan's Ministry, Environment, Thomson Locations: Soma, Fukushima Prefecture, Japan, Russia, Moscow, Russian, China, South Korea, Tokyo

☆ Enbridge C$4.6 bln equity sale raises hopes for Canada market revival
▼ + stars: | 2023-09-26 | by ( Maiya Keidan | ) www.reuters.com time to read: +3 min

"I think there is evidence out there that for the right transaction for the right reasons, investors will show up," said François Carrier, co-head of Desjardins Capital Markets. But not many dealmakers are expecting a rush of supply with an uncertain macroeconomic environment still keeping secondary equity markets volatile. The shares dropped well below their first-day high, potentially limiting a comeback in Canadian equity capital raisings and IPOs. "We do not have enough data to declare the IPO market open. Our own view is that we are still 12 to 18 months away from a robust IPO market," he added.

Persons: Dado Ruvic, Carrier, We're, we're, Enbridge's, Jeff Hershenfield, Stikeman Elliott, Stephen Pincus, Goodmans, John McKenzie, Neil Selfe, Maiya, Bernadette Baum Organizations: REUTERS, Rights, Dominion Energy, Desjardins Capital Markets, Arm Holdings, Capital Markets, TMX, Thomson Locations: IPOs, Canada, Unite States, Toronto, Klaviyo, raisings

[1/9] Spain's opposition People's Party leader Alberto Nunez Feijoo reacts after giving a speech during an investiture debate at parliament in Madrid, Spain, September 26, 2023. REUTERS/Juan Medina Acquire Licensing RightsMADRID, Sept 26 (Reuters) - Spain's rightwing opposition leader Alberto Nunez Feijoo on Tuesday launched a likely fruitless bid to form a government following an election in which no party won a majority. Feijoo will get a second vote on Friday, which only requires a simple majority. If, as expected, Feijoo fails, acting Prime Minister Pedro Sanchez, who leads the Spanish Socialist Workers Party (PSOE), will have two months from Wednesday to make his bid before parliament is dissolved and fresh elections are called. In his speech, Feijoo outlined the policy proposals he would carry out as prime minister, including lowering taxes for entrepreneurs and low- and middle-income earners and devising a plan to capture foreign investment.

Persons: Alberto Nunez Feijoo, Juan Medina, Feijoo's, Feijoo, Pedro Sanchez, Sanchez, Eurointelligence, Esquerra, Belen Carreno, Emma Pinedo, Charlie Devereux, Bernadette Baum Organizations: People's, REUTERS, Rights, Feijoo's People's Party, Debating, Spanish Socialist Workers Party, PSOE, Vox, Union, Canarian Coalition, Basque Nationalist Party, Galician Nationalist Bloc, Thomson Locations: Madrid, Spain, Rights MADRID, Catalonia, Catalan, Basque

☆ Yen falls to fresh 11-month low against dollar, focus on intervention risks
▼ + stars: | 2023-09-25 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 25 (Reuters) - The dollar rose against the yen to an almost 11-month high on Monday following last week's gains, keeping traders focused on Japan intervention risks. The Japanese currency remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year. A yen overshooting would be seen by many as a catalyst for renewed interventions to strengthen the Japanese currency, similarly to last year, she added. EURO FACES GROWTH FEARSThe euro edged 0.1% lower to $1.0633, moving towards a six-month low of $1.0615 touched on Friday against a stronger dollar.

Persons: Florence Lo, Kazuo Ueda, Esther Reichelt, Nick Rees, we've, Reichelt, Francois Villeroy de Galhau, Sterling, Joice Alves, Alun John, Ed Osmond, Bernadette Baum Organizations: U.S, REUTERS, Commerzbank, Federal Reserve, FX, Monex, SBB, European Central Bank, Bank, Thomson Locations: Japan, Swedish, Monex Europe, London

☆ Prices tumble for cobalt used for electric vehicle batteries
▼ + stars: | 2023-09-25 | by ( Pratima Desai | ) www.reuters.com time to read: +2 min

REUTERS/Vincent West Acquire Licensing RightsLONDON, Sept 25 (Reuters) - Prices of the cobalt hydroxide used to make chemicals for electric vehicle batteries have plummeted due to an upsurge of supplies from top producer Democratic Republic of Congo. Cobalt hydroxide is produced in Congo, where it is a byproduct of copper. According to Benchmark Mineral Intelligence (BMI), payables in August dropped to 46% of the cobalt metal price compared with around 90% in late 2021 and early 2022 when cobalt metal traded around $60,000 a metric ton. "These developments pose long-term challenges to cobalt demand," analysts at Morgan Stanley said in a note. "We see cobalt prices remaining under pressure as supply growth and CMOC destocking come through."

Persons: Vincent West, Roman Aubry, Tenke, Morgan Stanley, destocking, Pratima Desai, Bernadette Baum Organizations: REUTERS, Democratic, Benchmark Mineral Intelligence, BMI, China's CMOC, Thomson Locations: Bilbao, Spain, Democratic Republic of Congo, Congo, payables, Indonesia, DRC

☆ Morning Bid: Shutdown, oil, auctions and China rankle
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +5 min

Even before U.S. markets kick off on Monday, China's ongoing property bust threw another curve ball at stocks markets there. Country Garden (2007.HK) fell more than 7% as investors nervously watch out for its latest dollar bond coupon payment on Wednesday. Fed aside, there were multiple domestic issues to trouble the horizon - not least a government shutdown next weekend. U.S. 10-year Treasury yields nudged back close to 16-year highs above 4.5% set last week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Kevin Wurm, Mike Dolan, China Evergrande, Charles Wang Zhonghe, Kevin McCarthy, Morgan Stanley, Neel Kashkari, Christine Lagarde, Isabel Schnabel, Bernadette Baum Organizations: U.S, Capitol, REUTERS, HK, hawkish U.S, Federal, Republicans, Treasury, Dallas Fed, Chicago Fed, Minneapolis Federal, European Central Bank, ECB, Reuters Graphics, Thomson, Reuters Locations: Washington , U.S, U.S, Wall St, China, HK, hawkish, St, Washington, ., California

☆ Ukraine's Zelenskiy says he met top businessmen during U.S. visit
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

KYIV, Sept 24 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Sunday he met leading American entrepreneurs and financiers during a visit this week to the United States, where investment opportunities in Ukraine were discussed. Zelenskiy said the businessmen, who included Michael Bloomberg, Larry Fink and Bill Ackman, were prepared to make major investments in rebuilding Ukraine after its war with Russia. "We are working for the victory and reconstruction of Ukraine." On a trip to the U.S. and Canada this week, Zelenskiy sought continued military and financial support for Kyiv's effort to fend off Russia's 19-month-old invasion. Reporting by Dan Peleschuk Editing by Peter Graff and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Volodymyr Zelenskiy, Zelenskiy, Michael Bloomberg, Larry Fink, Bill Ackman, Dan Peleschuk, Peter Graff, Bernadette Baum Organizations: Thomson Locations: United States, Ukraine, Russia, Canada

☆ One police officer killed, another hurt in Kosovo gunfire, PM Kurti says
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

PRISTINA, Sept 24 (Reuters) - One Kosovo police officer was killed and another injured in a shooting in a village in the north of Kosovo early on Sunday, in the first such major violence in months, Kosovo Prime Minister Albin Kurti said in a statement. "At this moment, gunfire with various caliber firearms against our police is still ongoing," Kurti said in a post on Facebook, describing the incident as terrorist action. Tensions have run high in Kosovo, the former Serbian province, after clashes in May when more than 90 NATO peacekeeping soldiers and some 50 Serb protesters were injured in northern Kosovo. Ethnic Albanians form more than 90% of the population in Kosovo, with Serbs being the majority only in its northern region where a Serb-majority municipalities association is planned. read moreReporting by Fatos Bytyci; writing by Daria Sito-Sucic; Editing by Jamie Freed and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Albin Kurti, Kurti, Josep Borrell, Fatos Bytyci, Daria Sito, Jamie Freed, Bernadette Baum Organizations: Facebook, NATO, Thomson Locations: PRISTINA, Kosovo, Serbian

☆ Israeli forces kill two Palestinians in West Bank raid, Hamas says
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +2 min

[1/5] Palestinians check a damaged house following an Israeli raid in Tulkarm in the Israeli-occupied West Bank September 24, 2023. REUTERS/Ali Sawafta Acquire Licensing RightsSept 24 (Reuters) - Israeli forces killed two Palestinians, including a fighter from the Islamist group Hamas, during a raid on a refugee camp in the occupied West Bank early on Sunday, emergency workers and Hamas said. Israeli forces raided the Nur Shams camp near the city of Tulkarm and a gun battle ensued with Palestinian fighters, medic Najeeb Adeeb said. Violence in the West Bank has raged for more than a year, with stepped-up Israeli military raids, increased settler assaults on Palestinian villages and a spate of Palestinian attacks on Israelis. As day dawned on the Nur Shams camp, residents took stock of the roads, infrastructure and buildings damaged during an operation that witnesses said lasted around six hours.

Persons: Ali Sawafta, Nur Shams, Najeeb Adeeb, Nidal Al Mughrabi, Bernadette Baum Organizations: West Bank, REUTERS, Hamas, Palestinian, Thomson Locations: Tulkarm, Israeli, Nur Shams, Gaza

☆ Explainer: Why are 120,000 people about to move from Nagorno-Karabakh?
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Irakli Gedenidze/File Photo Acquire Licensing RightsMOSCOW, Sept 24 (Reuters) - The 120,000 ethnic Armenians of Nagorno-Karabakh will leave for Armenia as they do not want to live as part of Azerbaijan and fear ethnic cleansing, the leadership of the breakaway region told Reuters on Sunday. As the Soviet Union crumbled, what is known as the First Karabakh War erupted (1988-1994) between Armenians and their Azerbaijan. If 120,000 people go down the Lachin corridor to Armenia, the small South Caucasian country could face a humanitarian crisis. It was not immediately clear where 120,000 people could be housed in Armenia, whose population is just 2.8 million, ahead of winter. Many Armenians blame Pashinyan, who lost a 2020 war to Azerbaijan over Karabakh, for losing Karabakh.

Persons: Irakli, David Babayan, Samvel Shahramanyan, Babayan, Nikol Pashinyan, Pashinyan, Ilham Aliyev, Armenia's Pashinyan, Guy Faulconbridge, Bernadette Baum Organizations: REUTERS, Rights, Reuters, Russian, Armenian, International Committee, Karabakh, stoke, NATO, Thomson Locations: Armenia, Azerbaijan, Nagorno, Karabakh, Kornidzor, Republic of Artsakh, Soviet Union, AZERBAIJAN, South Caucasus, Russia, United States, Turkey, Iran, Moscow, Yerevan, Russian

☆ One Police Officer Killed, Another Hurt in Kosovo Gunfire - PM Kurti
▼ + stars: | 2023-09-24 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

PRISTINA (Reuters) - One Kosovo police officer was killed and another injured in a shooting in a village in the north of Kosovo early on Sunday, in the first such major violence in months, Kosovo Prime Minister Albin Kurti said in a statement. "At this moment, gunfire with various caliber firearms against our police is still ongoing," Kurti said in a post on Facebook, describing the incident as terrorist action. Tensions have run high in Kosovo, the former Serbian province, after clashes in May when more than 90 NATO peacekeeping soldiers and some 50 Serb protesters were injured in northern Kosovo. Ethnic Albanians form more than 90% of the population in Kosovo, with Serbs being the majority only in its northern region where a Serb-majority municipalities association is planned. (Reporting by Fatos Bytyci; writing by Daria Sito-Sucic; Editing by Jamie Freed and Bernadette Baum)

Persons: Albin Kurti, Kurti, Josep Borrell, Fatos Bytyci, Daria Sito, Jamie Freed, Bernadette Baum Organizations: Facebook, NATO Locations: PRISTINA, Kosovo, Serbian

☆ Iran says it defused 30 bombs in Tehran, detained 28 people, Tasnim reports
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Sept 24 (Reuters) - Authorities in Iran have neutralised 30 bombs meant to go off simultaneously in Tehran and detained 28 terrorists linked to Islamic State, Iran's Tasnim news agency reported on Sunday, citing the intelligence ministry. "Some of the members are of Islamic State (IS) and the perpetrators have a history of being affiliated with Takfiri groups in Syria, Afghanistan, Pakistan and the Kurdistan region of Iraq," Iran's intelligence ministry added in a statement. The militant group has claimed several attacks in Iran, including deadly twin bombings in 2017 that targeted Iran's parliament and the tomb of the Islamic Republic's founder, Ayatollah Ruhollah Khomeini. More recently, IS claimed responsibility for an attack on a Shia shrine last October, where 15 people were killed in the southwestern city of Shiraz. Reporting by Dubai Newsroom Editing by Peter Graff and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Ruhollah Khomeini, Peter Graff, Bernadette Baum Organizations: Islamic, Islamic State, Dubai, Thomson Locations: DUBAI, Iran, Tehran, Islamic State, Syria, Afghanistan, Pakistan, Kurdistan, Iraq, Shiraz

☆ Poland not supplying Kyiv arms now, 'will see' about future, says minister
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: 1 min

WARSAW, Sept 21 (Reuters) - Poland is not currently supplying arms to Ukraine and "will see" about future deliveries, the state assets minister said on Thursday, after the prime minister said Warsaw was no longer supplying weapons. "At the moment it is as the prime minister said, in the future we will see," Jacek Sasin told private broadcaster radio Plus when asked about Prime Minister Mateusz Morawieci's comments. Reporting by Alan Charlish Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Jacek Sasin, Mateusz Morawieci's, Alan Charlish, Bernadette Baum Organizations: Thomson Locations: WARSAW, Poland, Ukraine, Warsaw

☆ China's Nio calls for 'open attitude' amid EU subsidy probe
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Chinese Nio electric car is seen at Nio's first European plant and power swap station in Biatorbagy, Hungary, September 16, 2022. "We hope that the market environment can be simpler, let the market be the market. The European Commission said China's share of EVs sold in Europe has risen to 8% and could reach 15% by 2025. Its gross margin was 1% in the second quarter, versus 13% in the same quarter last year. Reporting by Zhang Yan and Brenda Goh Editing by Bernadette Baum and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: Bernadett Szabo, William Li, Qin Lihong, EVs, Ursula von der Leyen, Li, Tesla, Nio, Zhang Yan, Brenda Goh, Bernadette Baum, Philippa Fletcher Organizations: REUTERS, Rights, HK, European Commission, Chamber of Commerce, Thomson Locations: Biatorbagy, Hungary, Europe, China

☆ UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. UBS' takeover of Credit Suisse, the biggest bank merger since the 2008 global financial crisis, was hastily arranged in March this year by Swiss authorities to avert Credit Suisse's collapse. More than 15 equity researchers were notified earlier this week about the layoffs in Hong Kong, the sources said, adding less than 10 researchers focusing on Hong Kong and China equities will join the UBS team. Credit Suisse did not respond to a Reuters request for comments. Both of them will bring some junior researchers from Credit Suisse, the sources added.

Persons: Denis Balibouse, Charles Zhou, China financials, Kenneth Fong, Zhou, Fong, Sergio Ermotti, Julie Zhu, Kane Wu, Selena Li, Summer Zhen, Sumeet Chatterjee, Bernadette Baum, Emelia Organizations: Credit Suisse, UBS, REUTERS, Credit, Suisse's Securities Research, Reuters, Monday, Asia, China Internet, Thomson Locations: Zurich Switzerland, HONG KONG, Hong Kong, China, Asia Pacific, Asia, Swiss

Omar Abbosh, chief strategy officer at Accenture, speaks during the annual Cyberweek conference at Tel Aviv University, Israel June 20, 2016. Abbosh, 57, will take over the reins early in 2024 from Bird, 59, whose strategy of selling directly to consumers helped Pearson out of a tumultuous few years during the pandemic. Shares in Pearson were down 5.2% at 838 pence in morning trading in London. Bird sought to sharpen Pearson's focus to selling directly to consumers and away from traditional educational outlets as the pandemic boosted demand for online learning. Pearson would compensate Abbosh for leaving Microsoft, including cash and an award of restricted shares equivalent to a maximum of 50,813 Microsoft shares or about 13 million pounds ($16.06 million) at the current price and foreign exchange rates, it said.

Persons: Omar Abbosh, Amir Cohen, Bird, Pearson, Andy Bird, Abbosh, it’s, Hargreaves, Sophie Lund, Yates, Yadarisa Shabong, Eva Mathews, Janane Venkatraman, Jason Neely, Bernadette Baum Organizations: Accenture, Tel Aviv University, Israel, REUTERS, Microsoft, Pearson, Apollo, Microsoft's Industry Solutions, Walt Disney Co, British, Thomson Locations: Abbosh, Bird, London, Bengaluru

Akasa told the court it cancelled 600 flights in August and would be forced to cancel up to 700 more in September if the resignations continue, the person added. Akasa has dragged the pilots, many of whom have joined rival Air India Express, to court and initiated legal proceedings against the aviation regulator to enforce the notice period. The notice period ranges between 6-12 months, depending on the pilot's rank, according to the aviation regulator. "All our actions are aimed at creating a durable and reliable airline for the long run," Akasa said in a statement. "Akasa is a well-run airline with strong finances and a solid plan," he said.

Persons: Vinay Dube, Akasa, Dube, Aditya Ghosh, Aditi Shah, Varun Vyas, Aditya Kalra, Louise Heavens, Christian Schmollinger, Kim Coghill, Bernadette Baum Organizations: Akasa, Air India Express, IndiGo, country's, Tata, Air India, Go Air, Boeing, Thomson Locations: DELHI, Delhi

☆ King Charles arrives in France for state visit
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

[1/3] French Prime Minister Elisabeth Borne greets Britain's King Charles ( and Britain's Queen Camilla upon arrival at the Orly Airport on September 20, 2023, on the first day of a state visit to France. Here's the latest:* The plane carrying Charles and Camilla has landed at Paris' Orly airport, where they were greeted by French Prime Minister Elisabeth Borne. Charles and Camilla tweeted in English and French, along with a video of Charles getting on the plane. Your Majesty, welcome," Macron tweeted in English, alongside a video clip of Charles' past visits to France. Macron and Charles have in particular shared correspondence and insight on the restoration of the Notre-Dame cathedral, ravaged by fire in 2019.

Persons: Elisabeth Borne, Britain's King Charles, Queen Camilla, MIGUEL MEDINA, King Charles, Emmanuel Macron, Charles, Camilla, Borne, Mireille, Queen Elizabeth, Parisian Marie, Helene Aubree, Eric Frizzi, he's, Macron, À, Louis XIV, Hugh Grant, Charlotte Gainsbourg, Mick Jagger, Ken Follett, Emma Mackey, Bernard Arnault, Xavier Niel, Arsene Wenger, Didier Drogba, Michel Rose, Ingrid Melander, Bernadette Baum Organizations: French, Airport, REUTERS Acquire, Rights, France's, Parisian, European Union, Notre, Dame, of Mirrors, Thomson Locations: France, Paris, Bordeaux, Britain, of Versailles, British, French

Oil prices continued to push higher, with the international benchmark Brent crude price moving past $95 to its highest since November 2022. Reuters GraphicsInvestors and central bankers are contending with a sharp rise in oil prices as demand has picked up but Saudi Arabia and Russia have limited supply. Samuel Zief, head of global FX strategy at JPMorgan Private Bank, said central banks should not be overly concerned by the run-up in oil prices, which he said should fade as economies slow. "What the central banks are really, really focused on, it's not really the supply-side energy shocks anymore, it's really the sticky services part of the inflation basket," he said. "Pick whatever central bank you want, they're talking about either they're done already or they'll do one more hike and they'll go on pause."

Persons: Germany's DAX, Duncan MacInnes, Jerome Powell's, Samuel Zief, it's, Kazuo Ueda, Harry Robertson, Kevin Buckland, Lewis Jackson, Stephen Coates, Bernadette Baum, Chizu Organizations: Federal Reserve, Bank of England, Bank of Japan, Brent, FTSE, Nasdaq, Reuters Graphics Investors, . West Texas, JPMorgan Private Bank, of England, Bank of, Japan's Nikkei, Tokyo, Reuters, Thomson Locations: TOKYO, Asia, Japan, U.S, Saudi Arabia, Russia, Bank of Japan, London, Tokyo

☆ Russia using genocide 'lie' as pretext to destroy, Ukraine tells World Court
▼ + stars: | 2023-09-19 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +3 min

THE HAGUE, Sept 19 (Reuters) - Ukraine told the U.N.'s highest court in The Hague on Tuesday that Russia justified waging war against Ukraine by invoking "a terrible lie" that Moscow's invasion was to stop an alleged genocide. "The international community adopted the Genocide Convention to protect. Russia invokes the Genocide convention to destroy," Ukraine's representative Anton Korynevych told judges. When the Genocide Convention is so cynically abused, is this court powerless? Ukraine says there was no risk of genocide in eastern Ukraine, where it had been fighting Russian-backed forces since 2014.

Persons: Anton Korynevych, Korynevych, Oksana Zolotaryova, Alexander Vasilievich Shulgin, Gennady Kuzmin, Stephanie van den Berg, Bernadette Baum Organizations: HAGUE, International Court of Justice, Ukrainian Ministry of Foreign Affairs, International Law, Russia's, Ukraine, Thomson Locations: Ukraine, The Hague, Russia, Russian, Netherlands, Kyiv

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