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☆ Britain's maritime agency reports possible Red Sea blast
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

RIYADH, Dec 3 (Reuters) - Britain's Maritime Trade Operations agency (UKMTO) on Sunday said that it has received reports of drone activity and a possible explosion in the Red Sea's Bab al-Mandab strait. UKMTO said the drone activity originated from Yemen, and called on vessels in the vicinity to exercise caution. An Israeli-linked cargo ship was seized last month by the Houthi group, an ally of Iran which controls Yemen's Red Sea coast. The group had previously fired ballistic missiles and armed drones at Israel, and vowed to target more Israeli vessels. Reporting by Ahmed Elimam Writing by Aziz El Yaakoubi Editing by David Goodman and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Bab, UKMTO, Reuters wasn't, Ahmed Elimam, Aziz El, David Goodman, Bernadette Baum Organizations: Maritime Trade Operations, Reuters, Palestinian, Hamas, U.S . Navy, Thomson Locations: RIYADH, Yemen, Israel, Israeli, Iran, U.S, Gulf, Aden

☆ About 190 migrants rescued in English Channel over weekend
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: 1 min

PARIS, Dec 3 (Reuters) - Some 190 migrants have been rescued off the Calais coast in northern France since Friday night while trying to cross the English Channel on dinghies to reach Britain, local French authorities said on Saturday, without specifying from where those migrants had come. The Channel is one of the world's busiest shipping lanes and currents are strong. Human traffickers typically overload the dinghies, leaving them barely afloat and at the mercy of waves as they try to reach British shores. Reporting by Dominique Vidalon, Gilles Guillaume Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Dominique Vidalon, Gilles Guillaume, Bernadette Baum Organizations: Thomson Locations: Calais, France, Britain

☆ Britain’s Royal Family Is Again Embroiled In Allegation of Racism
▼ + stars: | 2023-12-02 | by ( Max Colchester | ) www.wsj.com time to read: 1 min

King Charles’s response to the latest commotion surrounding the British monarch has been to continue to keep quiet and turn up at public events. Photo: cameron smith/Agence France-Presse/Getty ImagesLONDON—Allegations of racism in the British monarchy were again thrust into the public domain this week after a translation of a book claimed that King Charles and Catherine, Princess of Wales, were the mystery royals who had allegedly discussed concerns about the skin color of Meghan Markle and Prince Harry ’s son before his birth. The claim was made in a Dutch translation of “Endgame: Inside the Royal Family and the Monarchy’s Fight for Survival,” which was quickly pulled by the publishers who said the names had appeared in error. On Friday, virtually every major British newspaper and broadcaster revealed the names.

Persons: King, cameron, King Charles, Catherine , Princess of Wales, Meghan Markle, Prince Harry ’ Organizations: Agence France, British

☆ Uber to become S&P 500 constituent -S&P Indexes
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: 1 min

The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15, 2019. REUTERS/Phil Noble/File Photo Acquire Licensing RightsDec 1 (Reuters) - Ride-hailing service Uber Technologies will join the S&P 500 (.SPX) effective at the open of trading on Dec. 18, along with S&P MidCap 400 (.IDX) constituents Jabil Inc and Builders FirstSource Inc , S&P Dow Jones Indices announced late Friday. The stocks will replace Sealed Air Corp , Alaska Air Group Inc and SolarEdge Technologies Inc in the benchmark S&P 500, joining the S&P MidCap 400 index as of Monday. (This story has been refiled to correct the date to Dec. 18, not Monday, in paragraph 1)Reporting by Alden Bentley; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Phil Noble, Dow, Alden Bentley, Leslie Adler Organizations: REUTERS, Uber Technologies, Jabil Inc, Builders FirstSource Inc, Dow Jones Indices, Air Corp, Alaska Air Group Inc, SolarEdge Technologies Inc, Thomson Locations: Liverpool, Britain

A general view of a wind turbine at Westmill Wind Farm & Solar Park, which is owned by the community and supports local renewable energy, at Watchfield, near Swindon, Britain, September 24, 2021. "More than 110 countries have joined already," European Commission President Ursula von der Leyen told the COP28 summit on Thursday of the renewables pledge. A draft of the renewable energy pledge, seen by Reuters, called for "the phase down of unabated coal power" and ending the financing of new coal-fired power plants. Africa receives just 2% of global investments in renewable energy. Somalia has the highest onshore wind power potential of any African country, yet one of the lowest electrification rates in the continent, according to the International Energy Agency.

Persons: Andrew Boyers, Ursula von der Leyen, Najib Ahmed, Kate Abnett, Richard Valdmanis, William Mallard Organizations: REUTERS, Rights, European Union, United Arab, BP, Reuters, International Energy Agency, ___, Thomson Locations: Watchfield, Swindon, Britain, United States, United Arab Emirates, China, India, South Africa, Vietnam, Australia, Japan, Canada, Chile, Barbados, COP28, Africa, Somalia

Russia has increasingly had to turn to a so-called "ghost fleet" of aging tankers to ship oil and avoid the cap. Panama, the Republic of the Marshall Islands, and Liberia have allowed some of those ships to carry their flags, according to Lloyd's List Intelligence and oil analysts. Lloyd's List Intelligence has said nearly 40% of the about 535 dark-fleet tankers have registered ownership via companies incorporated in the Marshall Islands. It also seeks to give leverage to countries buying oil outside the price-cap coalition to get discounted oil from Russia. The group is asking Liberia and the Marshall Islands to increase awareness among those in the trade that its flag should not be used for tankers transporting oil priced above the cap.

Persons: Dado Ruvic, Lindsey Whyte, John Berrigan, Brian Nelson, Timothy Gardner, Simon Webb, Rosalba O'Brien Organizations: REUTERS, Rights, Marshall, Intelligence, Britain's Treasury, U.S . Treasury, Reuters, EU, Thomson Locations: WASHINGTON, U.S, Liberia, Marshall Islands, Panama, Moscow, Ukraine, Russia, China, India, Republic, Marshall, Washington, British

U.S Secretary of State Antony Blinken speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo, in Dubai, United Arab Emirates December 1, 2023. SAUL LOEB/Pool via REUTERS Acquire Licensing RightsSummary COP 'side deals' have boomed in recent yearsVoluntary climate pledges yield mixed resultsSome have led to tougher CO2-cutting policiesDUBAI, Dec 2 (Reuters) - While the world's climate diplomats huddle over draft decisions to be made at the end of this year's U.N. climate summit, governments at COP28 are firing off a flurry of new promises for action. Among the expected pledges at COP28 are a goal to triple renewable energy capacity and initiatives on methane and coal power. These voluntary side deals have proliferated in recent years, even as global temperatures and greenhouse gas emissions continue to rise. "They go much further than what you can do multilaterally," said Marc Vanheukelen, a former EU official who led the bloc's work on an international methane emissions pledge launched at the COP26 climate summit in 2021.

Persons: Antony Blinken, SAUL LOEB, Marc Vanheukelen, Jonathan Banks, Laurie van der, OCI, It's, Erin Matson, Luiz Inácio Lula da Silva, Matson, Kate Abnett, Tommy Wilkes, Katy Daigle, Jon Boyle Organizations: Food Systems, United Arab Emirates, REUTERS Acquire, EU, Global, Air Task Force, Reuters, Bank, U.S, Change, WWF, Rainforest Alliance, Climate, Thomson Locations: Dubai, United Arab, DUBAI, COP28, Glasgow, U.S, Nigeria, Canada, The U.S, China, Russia, COP26, Britain, France, United States, Italy, Germany, Brazil

☆ Britain yet to make the case for a digital pound, lawmakers say
▼ + stars: | 2023-12-02 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

People and businesses could use a digital pound to make payments, with the BoE suggesting a limit of up to 20,000 pounds for digital wallets provided by banks, far higher than the 3,000 euros discussed by the European Central Bank for a digital euro. The committee's "The digital pound: still a solution in search of a problem?" The prospect of a digital pound, now in the design phase, has raised concerns that it would allow the authorities to spy on what people spend on, and that it could spell the end of cash. "We recommend that any primary legislation used to introduce a digital pound does not allow the Government or Bank of England to use the data from a digital pound for any purposes beyond those already permitted for law enforcement," the report said. The BoE has said interest should not be payable on digital pound deposits, but the committee said this position should be reviewed.

Persons: Susannah Ireland, BoE, Harriett Baldwin, Huw Jones, Alison Williams Organizations: of, Bank of England, REUTERS, Treasury, European Central Bank, Government, Thomson Locations: of England, London, Britain

☆ Canada Fast-Tracks 10.4 Billion Dollar Military Purchase
▼ + stars: | 2023-12-02 | by ( Ian Austen | More About Ian Austen | ) www.nytimes.com time to read: +1 min

The estimated program cost is 10.4 billion Canadian dollars, of which just under 6 billion dollars is the purchase price of the planes. (The program cost includes weapons, training simulators, spare parts and renovations at the Air Force bases in British Columbia and Nova Scotia where the planes will be stationed.) As with the 1980s vintage CP-140 Aurora planes they will replace, the main duty of the newcomers will be tracking submarines. But, as is the case now, they will most likely perform a number of other tasks ranging from tracking drug smuggling in the Caribbean to monitoring pollution in Canada. In particular, they wanted it to consider a proposed marine surveillance plane from Montreal-based Bombardier.

Persons: —, François, Doug Ford of, François Blanchet Organizations: Boeing, Air Force, Titan, Yves, Bloc, Bombardier Locations: British Columbia, Nova Scotia, Caribbean, Canada, United States, Britain, Germany, Norway, Netherlands, Australia, New Zealand, Quebec, Doug Ford of Ontario, Montreal

A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

☆ Chinese hot pot chain Haidilao puts viral dance on menu
▼ + stars: | 2023-12-01 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —What is better than a warming meal of hot pot? A catchy dance routine to go with the Chinese cuisine, according to hot pot chain Haidilao. Haidilao, China’s largest hot pot chain, has recently offered a new dance performance as part of the dining experience across its 1,400 branches. It all started with a comment on a local Chinese online forum. And since hot pot is considered a communal experience, the restaurants sometimes offer plush toys as companions for solo diners.

Persons: ”, “, Haidilao, ” Haidilao Organizations: Hong Kong CNN, Jimu, CNN, Staff Locations: Hong Kong, Guangxi, Weibo, Britain

☆ King Charles raises eyebrows with his tie choice amid UK-Greece dispute
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Sunak deepened a diplomatic row with Athens on Wednesday by accusing Mitsotakis of "grandstanding" during a recent trip to London over ownership of the Parthenon Sculptures. Sunak cancelled a planned meeting with Mitsotakis earlier in the week. A Buckingham Palace source said on Friday that Charles also wore the same tie last week, before the escalation of the dispute. British media noted that, as well as the blue and white tie featuring the same white cross design as the Greek flag, Charles sported a blue and white handkerchief protruding from his jacket pocket. The museum has said it would consider a loan to Greece only if Athens acknowledges the museum's ownership of the sculptures.

Persons: Britain's King Charles, Rishi Sunak, Kyriakos, Charles, Sunak, Prince Philip, Mitsotakis, … King Charles, Chris Ship, Lord Elgin, Alistair Smout, Michael Holden, William Schomberg, Alex Richardson Organizations: United Arab Emirates, Greek, ITV television's, British Museum, Thomson Locations: DUBAI, COP28, Corfu, Sunak, Athens, London, Buckingham, Dubai, Greece, LONDON

☆ Brexit backer James Dyson loses libel lawsuit against UK newspaper
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 1 (Reuters) - James Dyson, the billionaire inventor of the bagless vacuum cleaner, on Friday lost a libel lawsuit against a British newspaper publisher over a column that branded him a hypocrite who had "screwed" Britain. Dyson sued Mirror Group Newspapers (MGN), publisher of the Daily Mirror, at London's High Court over articles that lambasted him for moving the global head office of his company from Britain to Singapore after championing the economic benefits of Brexit. Judge Robert Jay dismissed Dyson's lawsuit in a written ruling on Friday. But the High Court ruled that MGN had successfully argued its defence of honest opinion and that Dyson had not proved he had suffered "serious harm" as a result of the column. "The claimant having failed on the issue of 'serious harm' and the defendant having succeeded on its honest opinion defence, this claim must be dismissed," the judge said.

Persons: James Dyson, Dyson, Robert Jay, Dyson's, Brian Reade, MGN, Sam Tobin, Paul Sandle Organizations: Group, Daily, Court, Thomson Locations: Britain, Singapore

☆ What are they saying at the U.N. climate summit?
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +4 min

Here are the latest comments:KENYA PRESIDENT WILLIAM RUTO:"The long standing adversarial dynamic between global north and global south proves practically counterproductive. Climate change does not respect artificial distinctions, traditional boundaries or old antagonisms. "We must resolve that every country shall fulfil the climate targets it is setting for itself and the commitments it is making." U.N. SECRETARY-GENERAL ANTONIO GUTERRES:"We cannot save a burning planet with a fire hose of fossil fuels... The 1.5-degree limit is only possible if we ultimately stop burning all fossil fuels.

Persons: United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Antonio Guterres, Britain's King Charles, WILLIAM RUTO, NARENDRA MODI, LUIZ INACIO LULA DA SILVA, KING CHARLES III, GENERAL ANTONIO GUTERRES, William James, Elizabeth Piper, Katy Daigle, Richard Valdmanis Organizations: United, United Nations, Change, United Arab Emirates, KING, GENERAL, Reuters, Thomson Locations: United Arab Emirates, Dubai, United Arab, DUBAI, KENYA, Gaza

☆ Britain's King Charles to push for global action on climate in COP28 speech
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Countries, however, are divided over the future of fossil fuel - the burning of which is the main cause of climate change. The monarchy has been under pressure to reduce its carbon footprint, though emissions have decreased under King Charles. King Charles will be among world leaders attending the climate talks, known as COP28, in Dubai, the United Arab Emirates. King Charles is attending on behalf of the British government and following an invitation from the host nation, the UAE. On Thursday, King Charles met with Gulf state's president, Sheikh Mohamed bin Zayed Al Nahyan, at the COP28 summit site.

Persons: Britain's King Charles, King Charles, Rishi Sunak, Narendra Modi, Sheikh Mohamed bin Zayed Al Nahyan, Charles, Alexander Cornwell, Josie Kao Organizations: Carbon, United Arab, Organization of, Petroleum, United, United Arab Emirates, Britain's, India's, Gulf state's, Thomson Locations: DUBAI, United Arab Emirates, Dubai, United Arab, UAE, United Kingdom, France

LONDON (AP) — King Charles III caused some raised eyebrows Friday when he wore a tie adorned with a pattern of Greek flags to the COP28 climate summit days after a diplomatic spat between the U.K. government and Greece over the Parthenon Marbles. The British monarch is meant to be above politics, but many in Greece interpreted the tie as a gesture of solidarity with their cause. Charles wore it as he met British Prime Minister Rishi Sunak and made a speech at the U.N. summit in Dubai. The king’s late father, Prince Philip, was born into the Greek royal family, and Charles has deep ties to the country. But officials pointed out that Charles has worn the tie before, as recently as last week.

Persons: — King Charles III, Charles, Rishi Sunak, Prince Philip, Sunak, Kyriakos, Mitsotakis, George Osborne, Britain’s Organizations: British, Greek, British Museum, museum's, Trustees Locations: Greece, British, Dubai, The, Buckingham, Athens

LONDON (AP) — Billionaire vacuum cleaner tycoon James Dyson lost a libel lawsuit Friday against the Daily Mirror for a column that suggested he was a hypocrite who “screwed” Britain by moving his company's headquarters to Singapore after supporting the U.K.'s breakup with the European Union. A High Court judge in London said the article was opinion and rejected Dyson's claims that it was a “vicious and vitriolic” personal attack that damaged his reputation and harmed his philanthropic work encouraging young people to become engineers. “Mr Reade was not attempting to offer a window into or shine a light on the claimant’s thought processes or motivation," Justice Robert Jay wrote. "Rather, the ‘screwed his country etc.’ remark was Mr. Reade’s ‘take’ on how people would or might envisage the claimant’s actions.”The judge said Reade hadn't accused Dyson of dishonesty and had wide latitude to offer honest comment “however wounding and unbalanced” it may have been. Mirror Group Newspapers welcomed the judgment for upholding "the rights of our columnists to share honestly held opinions, even about powerful or wealthy individuals.”A Dyson spokesperson issued a statement defending its commitments to the U.K., including the employment of 3,700 people, but making no mention of the lawsuit outcome.

Persons: James Dyson, Dyson's, Brian Reade, Dyson, “, ” Dyson, Reade, “ Mr Reade, Robert Jay, Reade’s, ”, Reade hadn't Organizations: —, Daily, European Union, Sunday Times, Group Newspapers Locations: Singapore, London

Yet labour markets are softening, the euro zone faces recession and China's property sector is in crisis. Here's what some closely-watched market indicators say about global recession risks:1/ AMERICAN EXCEPTIONALISM? Britain's economy avoided the start of a recession in the third quarter but still failed to grow. Economists broadly expect the global economy to slow next year but avoid a recession. If supply shocks resulting from the Israel-Hamas war become severe enough to push Brent crude to $150, a level it has never breached, a "mild and fleeting" global recession could result, Oxford Economics reckons.

Persons: Brendan McDermid, Guy Miller, COVID, Zurich Insurance's Miller, Torsten Slok, Austria's, David Katimbo, We've, Brent, Yoruk Bahceli, Dhara Ranasinghe, Naomi Rovnick, Alexandra Hudson Organizations: Wall, REUTERS, Zurich Insurance, Reuters, Traders, U.S . Federal Reserve, ECB, Apollo Global Management, P, Sweden's SBB, HK, Bank of England, Business insolvencies, EdenTree Investment Management, Oxford Economics reckons, Reuters Graphics Reuters, Alexandra Hudson Our, Thomson Locations: New York, U.S, China, Zurich, England, Wales, Europe, Israel

[1/2] World leaders and delegates walk at Dubai's Expo City ahead of the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. Away from the main stage, delegations and technical committees set to work on Friday with the mammoth task of assessing their progress in meeting global climate targets, specifically the Paris Agreement goal of limiting global warming to within 2 degrees Celsius above preindustrial temperatures. The United Nations on Friday published its first draft for what could serve as a template for a final agreement from the COP28 summit, which ends Dec. 12. The summit also clinched an early victory by adopting a new fund to help poor nations cope with costly climate disasters. ___For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

Persons: Thomas Mukoya, Britain's King Charles, Antonio Guterres, William Ruto, Prince Mohammed bin Salman Al Saud, Sultan Ahmed al, Jaber, Valerie Volcovici, William James, Katy Daigle, Miral Organizations: United Nations, Change, United Arab Emirates, REUTERS, Rights, Saudi, United Arab, Reuters, Thomson Locations: Dubai, United Arab, Paris, United Arab Emirates

☆ Britain's Sunak tries to reclaim climate narrative with $2 bln pledge
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Britain's Prime Minister Rishi Sunak delivers a speech during a press conference on the net zero target, at the Downing Street Briefing Room, in central London, on September 20, 2023. Running way behind the opposition Labour Party in the polls before a national election expected next year, Sunak's team believes voters will only support measures to tackle climate change when, or if, they are affordable. But the time for pledges is now over – this is the era for action," Sunak said in a statement. "The transition to net zero should make us all safer and better off. ($1 = 0.7911 pounds)For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

Persons: Rishi Sunak, Sunak's, Sunak, King Charles, Elizabeth Piper, Miral Organizations: Britain's, Downing, Labour Party, Reuters, Thomson Locations: London, DUBAI, Dubai, Africa, Asia

☆ UK housing market shows new signs of strength - Nationwide
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

A rainbow is seen over apartments in Wandsworth on the River Thames as UK house prices continue to fall, in London, Britain, August 26, 2023. REUTERS/Kevin Coombs/File Photo Acquire Licensing RightsLONDON, Dec 1 (Reuters) - British house prices rose unexpectedly in monthly terms for the third time running in November, adding to signs that the housing market downturn has abated, mortgage lender Nationwide said on Friday. House prices rose by 0.2% on the month in November, after a 0.9% increase in October. Compared with a year ago, house prices were 2% lower - the smallest such drop in nine months. "There has been a significant change in market expectations for the future path of Bank Rate in recent months which, if sustained, could provide much needed support for housing market activity," said Robert Gardner, chief economist at Nationwide.

Persons: Kevin Coombs, Robert Gardner, Andy Bruce, Sarah Young Organizations: REUTERS, Nationwide, Bank of England, Thomson Locations: Wandsworth, London, Britain

☆ Benko's complex web at Signa - from Chrysler building to Berlin landmark
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +6 min

SIGNA PRIME/PROPERTY PORTFOLIOAccording to Signa, Prime is the group's largest company in its real estate division, valued at around 20.4 billion euros ($22.23 billion). Since 2019 Signa Holding has also been a co-owner of New York's iconic Chrysler Building. TRADING/RETAIL COMPANIESBenko has bundled his trading interests under the divisions Signa Retail and Signa Premium. In Switzerland, Benko's trading investments are bundled into Signa Retail Selection AG, which filed for bankruptcy protection on Wednesday. In 2018, Signa Holding bought around 24% stake in Austrian daily newspapers "Krone" and "Kurier" from Funke media group.

Persons: Lisi Niesner, Rene Benko, Ernst Tanner, Hans Peter Haselsteiner, Torsten Toeller, Arthur Eugster, SIGNA, Signa, Otto Wagner, Benko's, Klaus, Michael Kuehne, Kuehne, Hamburg's, Chirathivat, Benko, Frasers, Kaufhof, Karstadt, Galeria, Alexandra Schwarz, Goerlich, Mattias Inverardi, Victoria Farr, Emma, Rachel More, Elisa Martinuzzi, Tomasz Janowski Organizations: Signa, REUTERS, Chrysler, Bank Austria, Femina, Chrysler Building, . Central Group, Globus, Selfridges, Central Group, Funke, Thomson Locations: Berlin, Germany, New, Britain's Selfridges, Innsbruck, Swiss, Vienna, Hamburg, KaDeWe, Oberpollinger, Munich, Vienna's, Tyrol, Essen, Duesseldorf, London, Switzerland

Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

☆ COP28 Lines up New Climate Pledges - but Do They Work?
▼ + stars: | 2023-12-01 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +5 min

By Kate AbnettDUBAI (Reuters) - While the world's climate diplomats huddle over draft decisions to be made at the end of this year's U.N. climate summit, governments at COP28 are firing off a flurry of new promises for action. Among the expected pledges at COP28 are a goal to triple renewable energy capacity and initiatives on methane and coal power. These voluntary side deals have proliferated in recent years, even as global temperatures and greenhouse gas emissions continue to rise. Unlike official summit decisions, which must be passed by consensus among the nearly 200 countries, voluntary pledges can be made quickly, and boldly, without the worry of one party objecting. "They go much further than what you can do multilaterally," said Marc Vanheukelen, a former EU official who led the bloc's work on an international methane emissions pledge launched at the COP26 climate summit in 2021.

Persons: Kate Abnett DUBAI, Marc Vanheukelen, Jonathan Banks, Laurie van der, OCI, It's, Erin Matson, Luiz Inácio Lula da Silva, Matson, Kate Abnett, Tommy Wilkes, Katy Daigle, Jon Boyle Organizations: Reuters, EU, Global, Air Task Force, Bank, U.S, Change, WWF, Rainforest Alliance, Climate Locations: COP28, Glasgow, U.S, Nigeria, Canada, The U.S, China, Russia, COP26, Britain, France, United States, Italy, Germany, Brazil

☆ UK bars Abu Dhabi-backed group from acquiring Telegraph, pending review
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 1 (Reuters) - Britain's government on Friday blocked an Abu Dhabi-backed group from taking ownership of the media group that owns the Telegraph newspaper while its takeover bid is scrutinised by regulators over freedom of expression concerns. The government intervened in the planned deal on Thursday when it asked regulators to examine the deal. On Friday, culture and media minister Lucy Frazer set out an enforcement order preventing any transfer of ownership of the Telegraph Media Group without her permission and also stopping any changes of its structure or senior editorial staff. As well as the right-leaning Telegraph newspaper, the group owns the Spectator magazine. They are up for sale after Lloyds Banking Group in June seized control following a long-running dispute with owners, the Barclay family.

Persons: Lucy Frazer, Barclay, Jeff Zucker, Mansour bin Zayed Al Nahyan, Camilla Tominey, Tominey, William Schomberg, Nick Zieminski Organizations: Telegraph, Telegraph Media Group, Ofcom, Spectator, Lloyds Banking Group, IMI, CNN, United Arab Emirates, Thomson Locations: Abu Dhabi, UAE, Gulf

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