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DOHA, Qatar (AP) — Twins Wang Liuyi and Wang Qianyi teamed up to capture another gold medal for China in artistic swimming at the World Aquatics Championships on Monday. The 27-year-old sisters won the women's duet technical routine with a score of 266.0484 points. The country's only other medal in artistic swimming was Shortman's solo free bronze at last summer's championships in Fukuoka. Photos You Should See View All 45 ImagesThe Wangs were back on top in duet technical after a disappointing fourth-place showing at Fukuoka. Artistic swimming is split into 11 medal-winning opportunities at the world championships.

Persons: Wang Liuyi, Wang Qianyi, Kate Shortman, Isabelle Thorpe, Spain's Alisa Ozhogina Ozhogin, Iris Tio Casa, Italy's Linda Cerruti, Lucrezia Ruggiero, ___ Organizations: —, China Locations: DOHA, Qatar, Doha, Fukuoka, Budapest, Japan

☆ Northvolt co-founder discusses new giga-factory openings against backdrop of IRA
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorthvolt co-founder discusses new giga-factory openings against backdrop of IRAPaolo Cerruti, co-founder of Swedish battery company Northvolt, discusses company plans to open giga-factories in Germany and Canada and how decisions are being made in the context of the U.S. Inflation Reduction Act.

Persons: Paolo Cerruti Organizations: giga, Swedish, U.S Locations: Germany, Canada

The first phase of the construction of the Northvolt Six factory just outside Montreal will begin this year and it is expected to be operational in 2026. Northvolt will invest $3.2 billion of the total with the local and federal government each contributing $1 billion, Northvolt Co-Founder Paolo Cerruti told Reuters. "We looked at 70 different sites at the beginning of this process," Cerruti said. The $369-billion U.S. Inflation Reduction Act (IRA) passed last year has prompted companies including Northvolt to look across the Atlantic, attracted by hefty subsidies and cheaper energy. "This size of investment and project can not happen if you don't have an anchor customer," he said.

Persons: Northvolt, Paolo Cerruti, Cerruti, Supantha Mukherjee, Divya Rajagopal, Kirsten Donovan Organizations: Reuters, Northvolt, Canada, Ontario, BMW, RIC, Volvo, Thomson Locations: STOCKHOLM, TORONTO, Swedish, Quebec, Canadian, Montreal, Northvolt North America, United States, Canada, Scania, North America, Stockholm, Toronto

☆ A $16 billion lawsuit payout is going to send this one stock soaring, analysts say
▼ + stars: | 2023-09-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The payout is expected to be a significant win for Burford Capital , which funded the lawsuit brought by YPF's minority shareholders, Petersen Energia Inversora and Eton Park Capital Management. Investment bank Jefferies estimates Burford Capital is entitled to around $6.3 billion from the verdict, approximately twice the company's market capitalization. Jefferies analysts led by Julian Roberts said shares of Burford have "further to go" after the stock jumped by more than 6% on Friday alone. The $16 billion payout includes around $8.4 billion in damages plus about $7.6 billion in 8% pre-judgment interest since the April 2012 seizure date determined by the judge. "We will continue to defend energy sovereignty and our state company YPF against vulture funds," Cerruti said.

Persons: Jefferies, Julian Roberts, YPF, Cristina Fernandez de Kirchner, Loretta Preska, Gabriela Cerruti, Cerruti, Numis, Burford, Jonathan Molot, Petersen, Molot Organizations: Burford Capital, Petersen Energia Inversora, Eton Park Capital Management, Investment, Jefferies, U.S, London, Cristina Fernandez de Kirchner . U.S, District, International Monetary Fund, Argentina, Eton Park Locations: U.S, Argentina, Burford, Cristina Fernandez de Kirchner ., Repsol

The payout includes the approximately $8.4 billion of damages Burford sought plus about $7.6 billion of 8% prejudgment interest running from May 3, 2012, about 2-1/2 weeks after the seizure. Argentina, which is in dire financial straits including a scarcity of foreign exchange reserves, pledged an immediate appeal. Shareholders' $8.43 billion damages estimate was based on Argentina's seizure of the YPF shares on April 16, 2012, which they said transferred "control." But the judge found it "telling" that Argentine officials treated April 16 as the seizure date, which stripped Repsol of its power to run YPF and distribute capital. The judge also called 8% interest "appropriate and equitable," and "well within the range" imposed by Argentine courts.

Persons: Loretta Preska, Burford, Preska, Axel Kicillof, Gabriela Cerruti, Cerruti, Nate Raymond, Jonathan Stempel, Adam Jourdan, Rodrigo Campos, Mark Porter, Will Dunham, Richard Chang Organizations: YPF, U.S, District, Burford Capital, Petersen Energia Inversora, Eton Park Capital, Jefferies, Petersen, Eton Park, Argentina, International Monetary Fund, IMF, Argentine, Thomson Locations: Argentina, U.S, Manhattan, Burford, London, New York, Buenos Aires, Qatar, China, Boston

☆ Argentina February inflation data "very bad": government spokesperson
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

BUENOS AIRES, March 16 (Reuters) - The Argentine government on Thursday said annual inflation data registered in February, the highest since 1991, was "very bad," but insisted that the 60% inflation rate forecast in this year's budget would be met, the president's spokesperson said. President Alberto Fernandez has struggled to rein in one of the world's highest inflation rates that has put increasing pressure on Argentine consumers. Argentina last month registered an inflation rate of 6.6% compared to January and 102.5% compared to February of the previous year, the highest data since the 115% annual rate in September 1991. "The inflation data obviously seems bad, very bad and also was not expected," presidential spokesperson Gabriela Cerruti said during a press conference. "We hope that the plan that was going to lower the curve, which had these problems, can somehow return to the path that was planned, indicated, and that we get to that (60% annual inflation)," she added.

☆ 23 major brands suspected of illegally sourcing products made by forced labor in China
▼ + stars: | 2022-12-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

And more ...Mary Meisenzahl/InsiderThese companies have also been suspected of having direct or indirect ties to Chinese forced labor in the aforementioned reports. Bosch"Bosch is committed to ensuring that its products are not produced wholly or in part by forced labor. "Compliance with human rights, labor rights and environmental standards is a top priority at PUMA and has been specified in our Codes of Conduct for over 20 years." As stated in our Business Conduct Guidelines, we reject all forms of oppression, forced labor and participation in human rights violations. We will continue to respect human rights and take a strong stand against forced labor."

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