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☆ Nigeria's Access Bank Group CEO Among Six Dead in California Helicopter Crash
▼ + stars: | 2024-02-10 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Six people, including the group chief executive of one of Nigeria's largest lenders, were killed in a helicopter crash in Southern California on Friday, authorities said. Six people were on board the helicopter when it crashed around 10 p.m. near Nipton, California, the U.S. Federal Aviation Administration said in a statement. Access Bank Group CEO Herbert Wigwe's death was confirmed by Ngozi Okonjo-Iweala, director general of the World Trade Organization, in a post on X, along with that of Nigerian Exchange Group's former Chairman Abimbola Ogunbanjo. "Terribly saddened by the news of the terrible loss of Herbert Wigwe, Group CEO Access Bank, his wife and son as well as Bimbo Ogunbanjo in a helicopter crash," Okonjo-Iweala said on X. The helicopter was headed to Las Vegas when it crashed near a border city between Nevada and California, according to multiple reports.

Persons: Herbert Wigwe's, Ngozi Okonjo, Abimbola Ogunbanjo, Herbert Wigwe, Bimbo Ogunbanjo, Iweala, Surbhi Misra, Jyoti Narayan, Andrea Ricci Organizations: Reuters, U.S . Federal Aviation Administration, Access Bank, World Trade Organization, Exchange, San Bernardino County Sheriff’s Department, FAA, Eurocopter EC, National Transportation Safety Board Locations: Southern California, Nipton , California, San Bernardino County, Halloran, Las Vegas, Nevada, California, Bengaluru

☆ Amazon to launch drone deliveries in Italy and UK in late 2024
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of Amazon is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. The customers in these locations will have the option to have their packages delivered by a drone starting late 2024, Amazon said in a statement. Drone deliveries would be integrated into Amazon's existing fulfillment network and will be deployed from same-day delivery sites, the company added. Amazon's drone based service, called Prime Air, is currently available in two cites in California and Texas, where it launched last year. Reporting by Jyoti Narayan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Amazon, Jyoti Narayan, Shailesh Organizations: Viva Technology, Porte de, REUTERS, Thomson Locations: Porte, Paris, France, Britain, Italy, United States, California, Texas, Bengaluru

☆ Rolls-Royce to cut 2,500 jobs in cost cutting drive -Sky News
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Rolls-Royce is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte near Paris, France, June 27, 2018. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 16 (Reuters) - Rolls-Royce Holdings (RR.L) is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday. Rolls-Royce did not immediately respond to a request for comment. In May, Rolls-Royce said it had made no decisions regarding changes to its workforce, in response to a Sunday Times report that it was expected to cut about 3,000 non-manufacturing staff. Reporting by Jyoti Narayan in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Royce, Benoit Tessier, Tufan Erginbilgic, Jyoti Narayan, Jonathan Oatis Organizations: Nuclear, REUTERS, Royce Holdings, Sky News, Sunday Times, Thomson Locations: Villepinte, Paris, France, Bengaluru

☆ China considers new stabilization fund to prop up stock market, Bloomberg reports
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

People stand at a shopping mall near the CCTV headquarters and China Zun skyscraper, in Beijing's central business district (CBD), China September 7, 2023. REUTERS/Tingshu Wang//File Photo Acquire Licensing RightsOct 12 (Reuters) - China is considering creating a state-backed stabilization fund to shore up confidence in its equity markets, Bloomberg News reported on Thursday. The plan calls for the fund to have access to total capital of up to hundreds of billions of yuan, the report said, adding that implementation details have not been finalized and there could be a chance the proposal will be scrapped. This move comes as China's "Big Four" state banks said late on Wednesday that their controlling state parent shareholder Central Huijin Investment bought their Shanghai-traded shares, and plans to further increase its holdings in the next six months. Reporting by Jyoti Narayan in Bengaluru; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Tingshu Wang, Jyoti Narayan, Sonali Paul Organizations: REUTERS, Bloomberg, Financial, China Securities Regulatory Commission, Central Huijin Investment, Thomson Locations: China, Beijing's, Shanghai, Bengaluru

[1/4] Cars pass under an overpass at the General Motors Car assembly plant in Oshawa, June 1, 2012. REUTERS/Mark Blinch/File Photo Acquire Licensing RightsOSHAWA, Ontario, Oct 10 (Reuters) - General Motors (GM.N) and Canadian union Unifor reached a tentative agreement on Tuesday just hours after 4,300 workers went on strike at three GM facilities. The union said the tentative agreement follows the pattern agreement Unifor reached with Ford Motor (F.N) last month and includes wage hikes of up to 25%. GM has lost 34,176 vehicles of production since the start of the UAW strike, according to an estimate by Deutsche Bank. GM has laid off 2,300 U.S. workers due to the impacts of the UAW strike.

Persons: Mark Blinch, Unifor, Lana Payne, Payne, we’re, Darrell Colley, Stellantis, Arlyn McAdorey, Shivansh Tiwary, Jyoti Narayan, David Shepardson, Mark Potter, Matthew Lewis, David Gregorio Our Organizations: General Motors, REUTERS, Rights, Ford Motor, Workers, GM, Ford, United Auto Workers, UAW, Deutsche Bank, Chrysler, Unions, Thomson Locations: Oshawa, Rights OSHAWA, Ontario, U.S, United States, Oshawa , Ontario, Bengaluru, Washington

Cars pass under an overpass at the General Motors Car assembly plant in Oshawa, June 1, 2012. Unifor said it would go on strike at GM's Oshawa assembly complex, St. Catharines powertrain plant and the Woodstock parts distribution center, all in Ontario. Members at the CAMI Assembly Plant in Ingersoll, Ontario, are not on strike because they are covered by a separate agreement. GM has lost 34,176 vehicles of production since the start of the UAW strike, according to an estimate by Deutsche Bank. The UAW has struck two GM assembly plants in the United States and 18 parts distribution centers.

Persons: Mark Blinch, Unifor, Wells Fargo, Wells, Lana Payne, Shivansh Tiwary, Jyoti Narayan, David Shepardson, Mark Potter, Matthew Lewis Organizations: General Motors, REUTERS, General, GM, St, Chevrolet, Chevrolet Silverado, GM North America, Ford Motor, Unifor, United Auto Workers, UAW, Deutsche Bank, Ford, Chrysler, Unions, Thomson Locations: Oshawa, Canada, U.S, St, Catharines, Woodstock, Ontario, St . Catharines, CAMI, Ingersoll , Ontario, United States, Bengaluru, Washington

The walkout by workers came after Canadian union Unifor said GM was "stubbornly refusing" to match the contract the labor union reached with Ford Motor (F.N), which offered wage increases of up to 25% in Canada. The walkout adds to the headache faced by the automaker in the U.S. where it is racking up millions of dollars in losses per week due to the United Auto Workers (UAW) strike that started Sept. 15. GM has lost 34,176 vehicles of production since the start of the UAW strike, according to an estimate by Deutsche Bank. GM has laid off 2,300 U.S. workers due to the impacts of the UAW strike. At the Oshawa plant, workers build Chevrolet Silverado trucks, one of GM's most profitable models, while the plant's stamping operations supply various parts for GM North America.

Persons: Mark Blinch, Unifor, Lana Payne, Wells Fargo, Shivansh Tiwary, Jyoti Narayan, David Shepardson, Jamie Freed, Arun Koyyur, Mark Potter Organizations: General Motors, REUTERS, General, Ford Motor, GM, Detroit Three, Unifor, United Auto Workers, UAW, Deutsche Bank, St, Chevrolet, Chevrolet Silverado, GM North America, Oshawa, Catharines, Ford, Chrysler, Thomson Locations: Oshawa, Canada, U.S, United States, St, Catharines, Woodstock, CAMI, Ingersoll , Ontario, St . Catharines, Bengaluru, Washington

Cars pass under an overpass at the General Motors Car assembly plant in Oshawa, June 1, 2012. GM has lost 34,176 vehicles of production since the start of the UAW strike in September, according to an estimate by Deutsche Bank. At the Oshawa plant, workers build light- and heavy-duty Chevrolet Silverado trucks, one of GM's most profitable models, while the plant's stamping operations supply various parts for GM North America. Unifor has used the "pattern bargaining" approach in its talks, reaching a deal first with Ford and then expecting GM and Stellantis to match. Unifor represents about 18,000 workers at the Canadian facilities of Ford, GM and Chrysler parent Stellantis (STLAM.MI).

Persons: Mark Blinch, GM, Lana Payne, Unifor, Shivansh Tiwary, Jyoti Narayan, Christian Schmollinger, Jamie Freed, Arun Koyyur Organizations: General Motors, REUTERS, General, U.S, Ford Motor, GM, Detroit Three, Unifor, United Auto Workers, UAW, Deutsche Bank, St, Chevrolet, Chevrolet Silverado, GM North America, Ford, Chrysler, Unions, Thomson Locations: Oshawa, Canada, U.S, St, Catharines, Woodstock, CAMI, Ingersoll , Ontario, St . Catharines, Bengaluru

☆ Canadian union Unifor strikes at GM after contract talks fail
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +3 min

GM was disappointed about being unable to reach a deal at this time but will continue to negotiate with Unifor, the automaker said in a statement. Unifor represents about 18,000 workers at the Canadian facilities of the Detroit Three automakers, which also include Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). Unifor last month ratified a new three-year contract with Ford that offered wage increases of up to 25% to more than 5,600 workers at its Canadian facilities. Unifor said last week that GM was "resisting" a number of important elements of its agreement with Ford. The union had chosen the company as its second bargaining target of the Detroit Three automakers after Ford.

Persons: Mark Blinch, Unifor, Lana Payne, Mack Trucks, Jason Gale, ” Unifor, Shivansh Tiwary, Jyoti Narayan, Christian Schmollinger, Jamie Freed Organizations: General Motors, REUTERS, General, North, Unifor, Detroit Three, Ford, Chrysler, United Auto Workers, UAW, Volvo Group, Detroit, Thomson Locations: Oshawa, St, Catharines, Woodstock, United States, Canada, Ontario, Bengaluru

☆ Tesla cuts US prices of Model 3, Y in push to meet delivery goal
▼ + stars: | 2023-10-06 | by ( Urvi Manoj Dugar | ) www.reuters.com time to read: +2 min

Tesla Model 3 vehicles are shown for sale at a Tesla facility in Long Beach, California, U.S., May 22, 2023. The price cuts by Tesla - now by about 2.7% to 4.2% - started in January to support sales in an uncertain economy and fend off competition from U.S. automakers such as Ford and China's BYD. The standard Model 3 sedan is now $1,250 cheaper at $38,990, while the Model Y long-range variant costs $2,000 less at $48,490, the automaker's website showed. Overall, the standard Model 3's prices have come down by about 17% since the start of the year, while the Model Y long-range variant has seen a drop of over 26%. The price cuts will also add pressure on the "Detroit Three" as they deal with an unprecedented strike by autoworkers' union.

Persons: Mike Blake, Tesla, autoworkers, Urvi Dugar, Jyoti Narayan, Nilutpal, Shubham Kalia, Akash Sriram, Nivedita Bhattacharjee, Arun Koyyur Organizations: Tesla, REUTERS, U.S, Ford, Toyota, Alpha, Reuters, Thomson Locations: Long Beach , California, U.S, Bengaluru

☆ EU, US seek interim steel deal to avoid return of Trump tariffs - Bloomberg News
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

A steel coil is unrolled on the line at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March 9, 2018. REUTERS/Aaron Josefczyk/File Photo Acquire Licensing RightsOct 6 (Reuters) - Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and aluminium trade that would avert the re-imposition of Trump-era tariffs on transatlantic commerce, Bloomberg News reported on Friday. White House and European Commission officials are negotiating a provisional political agreement that would cover the two main planks of the Global Arrangement for Sustainable Steel and Aluminum that the EU and U.S. have been negotiating since 2021, which include tackling non-market excess capacity and carbon emissions, the report said citing people familiar with the talks. Reporting by Jyoti Narayan in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Aaron Josefczyk, Jyoti Narayan, Jacqueline Wong Organizations: Novolipetsk, REUTERS, European Union, Trump, Bloomberg, White, European Commission, Sustainable Steel, EU, U.S, Thomson Locations: Farrell , Pennsylvania, U.S, Bengaluru

☆ Belgium's intelligence service monitors Alibaba hub over 'espionage' concerns -FT
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: 1 min

Oct 5 (Reuters) - Belgium's intelligence service has been monitoring Alibaba’s main logistics hub in Europe for espionage following suspicions Beijing has been exploiting its growing economic presence in the West, the Financial Times said on Thursday. Referring to the company's logistics arm at the cargo airport in the city of Liège, the security services said they were working to detect "possible espionage or interference activities" by Chinese entities including Alibaba, it added. Reporting by Jyoti Narayan in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Jyoti Narayan Organizations: Financial Times, Thomson Locations: Europe, Beijing, West, Liège, Bengaluru

Oct 3 (Reuters) - Meta Platforms (META.O) is looking to introduce ad-free subscription plans for Instagram and Facebook users in Europe, two people familiar with the matter said on Tuesday. The proposal is an attempt by Meta to comply with European Union regulations that threaten to curb its ability to personalize ads for users without their consent and hurt its major revenue source. Offering a choice between a free, ad-supported plan and a paid subscription might lead to users opting for the former, helping Meta comply with regulations without affecting its ad business. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsIn comparison, Netflix (NFLX.O) charges 7.99 euros for a basic subscription plan, while Alphabet's (GOOGL.O) YouTube Premium costs about 12 euros and Spotify's (SPOT.N) Premium service is priced at about 11 euros. Meta was fined 390 million euros earlier this year by Ireland's Data Privacy Commissioner, and told it cannot use the so-called "contract" as a legal basis to send users ads based on their online activity.

Persons: Apple's, Dado Ruvic, Meta, Supantha Mukherjee, Akash Sriram, Jyoti Narayan, Sonia Cheema, Arun Koyyur Organizations: Instagram, Meta, Union, Reuters, REUTERS, Netflix, YouTube, Ireland's, EU, Protection, European, Thomson Locations: Europe, Stockholm, Bengaluru

☆ Meta floats charging $14 a month for ad-free Instagram or Facebook in Europe - WSJ
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

Meta AI logo is seen in this illustration taken September 28, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOct 2 (Reuters) - Meta Platforms (META.O) is considering charging $14 per month for ad-free subscriptions to Instagram or Facebook for European users, according to a proposal submitted to regulators, the Wall Street Journal reported on Monday. Under the plan, Meta has told regulators it would charge users roughly 10 euros ($10.46) a month on a desktop for a Facebook or Instagram account, and roughly 6 euros for each additional linked account, the report said. On mobile devices, the price would jump to roughly 13 euros a month because Meta would factor in commissions charged by Apple's and Google's app stores on in-app payments, WSJ reported. ($1 = 0.9557 euros)Reporting by Jyoti Narayan in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Meta, Apple's, Jyoti Narayan, Sonia Cheema Organizations: REUTERS, Wall Street, Thomson Locations: Europe, Bengaluru

☆ Beyonce's concert film to be distributed globally by AMC
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

The film follows a similar release by pop superstar Taylor Swift, whose Eras Tour concert film will be distributed in cinemas in North America starting Oct. 13. The concert films provide cinema chains such as AMC, Cinemark and Cineplex, with high-profile titles to help fill gaps caused by a prolonged strike by actors and writers in Hollywood. AMC's rival Cinemark (CNK.N) also announced that it will play the concert film in its U.S. theaters. Both cinema chains said their standard showtime tickets in the U.S. will start at $22. Entertainment website Variety first reported Beyonce's talks to release "Renaissance" through AMC.

Persons: Beyonce, Mario Anzuoni, Taylor Swift, Cinemark, Beyonce's, Jyoti Narayan, Sharon Singleton Organizations: REUTERS, AMC Entertainment, AMC, showtime, Entertainment, Variety, Thomson Locations: Los Angeles , California, U.S, North America, Europe, Hollywood, United States, Canada, Mexico, Bengaluru

☆ Bankman-Fried explored paying Trump not to run for president, book excerpt says
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 1 (Reuters) - Jailed former billionaire Sam Bankman-Fried considered paying former U.S. President Donald Trump to not run for re-election in 2020, according to an excerpt of a forthcoming book published on Sunday. "On a separate front, he explained to me, as the plane descended into Washington, he was exploring the legality of paying Donald Trump himself not to run for president," Lewis wrote. "His team had somehow created a back channel into the Trump operation and returned with the not terribly Earth-shattering news that Donald Trump might indeed have his price: $5 billion. The excerpt did not discuss why Bankman-Fried did not press ahead with the plans.

Persons: Sam Bankman, Andrew Kelly, Fried, Donald Trump, Michael Lewis, Mitch McConnell, Lewis, Trump, Sam, Jyoti Narayan, Edwina Gibbs Organizations: FTX, Manhattan, REUTERS, Washington Post, Republican, Thomson Locations: New York City, U.S, Washington, Bengaluru

☆ Kia, Hyundai recall 3.37 million US vehicles over fire risks
▼ + stars: | 2023-09-27 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/3] The Kia EV9 is displayed at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File photo Acquire Licensing RightsWASHINGTON, Sept 27 (Reuters) - Hyundai (005380.KS) and Kia (000270.KS) are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners to park outside and away from structures until repairs are complete. The automakers say brake fluid leaks can cause a short that could lead to a fire. Hyundai said it has reports of 21 fires and 21 other thermal incidents since 2017 related to the recall, while Kia has reports of at least 10 confirmed fires and melting incidents. Kia America's recall covers 1.73 million Borrego, Cadenza, Forte, Sportage, K900, Optima, Soul Rio, Sorento, and Rondo vehicles.

Persons: Kia EV9, David, Dee, Delgado, Kia, Kia America's, Forte, Sportage, Jyoti Narayan, Kanjyik Ghosh, Jan Harvey, Kirsten Donovan Organizations: New York, REUTERS, Rights, Hyundai, Kia, National, Traffic Safety Administration, Control, Tucson Fuel Cell, Santa Fe Sport, Thomson Locations: Manhattan , New York City, U.S, KS, United States, Santa Fe, Veracruz, Tucson, Santa, Bengaluru

☆ Chinese developer Sunac seeks Chapter 15 protection in New York court
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +1 min

People on a property tour talk outside of a show flat at a residential property developed by Sunac China Holdings in Xishuangbanna Dai Autonomous Prefecture, Yunnan Province, China, June 22, 2019. REUTERS/Lusha Zhang Acquire Licensing RightsSept 19 (Reuters) - Chinese developer Sunac China Holdings (1918.HK) has filed for Chapter 15 protection from creditors in a U.S. bankruptcy court, court documents showed on Tuesday. Creditors of Sunac China Holdings approved its $9 billion offshore debt restructuring plan on Monday, marking the first approval of such debt overhaul by a major Chinese property developer. Sunac is among a string of Chinese property developers that have defaulted on their offshore debt payment obligations since the sector was hit by a liquidity crisis in 2021, roiling global markets. Reporting by Jyoti Narayan in Bengaluru; Editing by Christopher Cushing and Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Lusha Zhang, Jyoti Narayan, Christopher Cushing, Jacqueline Wong Organizations: Sunac China Holdings, REUTERS, HK, Thomson Locations: Xishuangbanna Dai Autonomous Prefecture, Yunnan Province, China, U.S, United States, Bengaluru

☆ Bankrupt drugmaker Mallinckrodt considers sale of opioid business - WSJ
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Bottles of prescription painkillers Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo Acquire Licensing RightsSept 18 (Reuters) - Bankrupt drugmaker Mallinckrodt is in talks with major investors about selling some or all of its business units, which could lead to its exit from the opioid business, the Wall Street Journal reported on Monday, citing people familiar with the discussions. Some investors, poised to take control through the company's ongoing bankruptcy proceedings, are suggesting Mallinckrodt break up its business units, the report said. Mallinckrodt did not immediately respond to a Reuters request for comment. Reporting by Akanksha Khushi and Jyoti Narayan in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Mallinckrodt, George Frey, Akanksha Khushi, Jyoti Narayan, Janane Organizations: REUTERS, Wall Street, Securities and Exchange Commission, Attorney's, Western, of, U.S . Drug, Administration, Thomson Locations: Provo , Utah, U.S, Ireland, United States, of Virginia, Bengaluru

☆ Maldives Opposition Candidate Muizzu Ahead in Presidential Race -Local Media
▼ + stars: | 2023-09-09 | by ( Sept. | At A.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Maldives opposition candidate Mohamed Muizzu has edged ahead in the results announced so far in the first round of the country's presidential election race, local media reported on Saturday. Muizzu had received 46% of the votes counted to get ahead of his rival, the report said. The presidential election can run to two rounds. If no candidate gets a majority in the first round, there will be a run-off which is scheduled for Sept. 30. (Reporting by Jyoti Narayan in Bengaluru; Editing by Alexander Smith)

Persons: Mohamed Muizzu, Muizzu, Jyoti Narayan, Alexander Smith Organizations: Reuters Locations: Maldives, Bengaluru

☆ Chevron pulls contract crew from Australia LNG project as strikes begin - unions
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +1 min

A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. "Chevron chartered a special flight this morning to Barrow Island to evacuate 50 blue and white collar contract crew off the Gorgon Project," Offshore Alliance said in a Facebook post. The two sides are at odds over issues including pay, job security, rosters and rules around overtime and transfers between Chevron facilities. Workers at Chevron's LNG projects in Australia started strike action on Friday after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply. Australia is the world's biggest LNG exporter and its main buyers are in Asia.

Persons: Jyoti Narayan, Tomasz Janowski, Mike Harrison Organizations: Reuters, Chevron, Handout, REUTERS, Chevron Corp, Offshore Alliance, Workers, Thomson Locations: Chevron, Barrow Island, Australia, Barrow, U.S, Asia, British, Bengaluru

☆ India's Adani Group rejects OCCRP report it used 'opaque' funds to invest
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. Adani Group said the 'misleading reports' had no substantial impact on the group's business performance, and said the group remained in compliance with the law. Nonprofit media organisation OCCRP reported on Thursday that millions of dollars were invested in publicly traded Adani Group stocks through funds in Mauritius, obscuring the involvement of alleged business partners of India's Adani family. The Adani Group, which is controlled by billionaire Gautam Adani, said it categorically rejected what it called recycled allegations in the OCCRP report "in their entirety". Shares in Adani Group companies dipped on Thursday amid renewed corporate governance concerns.

Persons: Gautam Adani, Amir Cohen, India's, Jyoti Narayan, Louise Heavens Organizations: Adani Group, Haifa Port, REUTERS, Adani, Qatar Investment Authority, GQG Partners, Nonprofit, Hindenburg Research, Thomson Locations: Haifa, Israel, Mauritius, Bengaluru

☆ Gabon reopens borders three days after military coup
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

Gabonese military appear on television as they announce that they have seized power following President Ali Bongo Ondimba's re-election, in this screengrab obtained by Reuters on August 30, 2023. Gabon 1ere/Handout via REUTERS/File Photo Acquire Licensing RightsDAKAR, Sept 2 (Reuters) - Gabon reopened its borders on Saturday, an army spokesman said, three days after closing them during a military coup in which President Ali Bongo was ousted. Military officers led by General Brice Oligui Nguema seized power on Wednesday, placed Bongo under house arrest and installed Nguema as head of state, ending the Bongo family's 56-year hold on power. Coup leaders have come under international pressure to restore civilian government but said last night that they would not rush to hold elections. Bongo was elected in 2009, taking over from his late father Omar, who came to power in 1967.

Persons: Ali Bongo Ondimba's, Ali Bongo, General Brice Oligui Nguema, Bongo, Omar, Jyoti Narayan, Cooper, Edward McAllister, Tomasz Janowski, Angus MacSwan Organizations: Reuters, REUTERS, Rights, Military, Thomson Locations: Gabonese, Gabon, Handout, West, Central Africa, Guinea, Chad, Niger, Mali, Burkina Faso, Bengaluru, Dakar

People walk to a Royal Canadian Air Force transport plane while being evacuated from an approaching wildfire in Hay River, Northwest Territories, Canada August 14, 2023. “We are working closely with the Government of the Northwest Territories to ensure communities have the support they need," Canadian federal Emergency Preparedness Minister Harjit Sajjan said in a statement. Yellowknife is the capital of the Northwest Territories and sits 450 km (280 miles) south of the Arctic Circle. Over the weekend, residents of most communities in the South Slave region of the Northwest Territories, situated along the Alberta border, were ordered to evacuate. Northwest Territories has so far had 265 wildfires this year, much higher than its 10-year annual average of 185.

Persons: Harjit Sajjan, Rebecca Alty, Ismail Shakil, Jyoti Narayan, David Ljunggren, Alistair Bell Organizations: Royal Canadian Air Force, Canadian Forces, REUTERS Acquire, Canada's Northwest Territories, Government of, Emergency Preparedness, Northwest, CBC News, Thomson Locations: Hay River, Northwest Territories, Canada, City, Yellowknife Follow OTTAWA, Yellowknife, Alberta, Enterprise, Territories, Ottawa, Bengaluru

☆ U.S. Steel explores options after rejecting $7.3 billion offer from Cleveland-Cliffs
▼ + stars: | 2023-08-13 | by ( Jyoti Narayan | Akanksha Khushi | ) www.reuters.com time to read: +3 min

(Reuters) -United States Steel Corp on Sunday launched a formal review of its strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs Inc. FILE PHOTO: Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File PhotoThe unsolicited cash-and-stock offer from Ohio-based Cliffs values U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday. Cliffs said its offer to acquire U.S. Steel had received the support of the United Steelworkers union, which is North America’s largest steel industry union. In a separate statement later Sunday, U.S. Steel confirmed it received an offer from Cliffs and other interested parties.

Persons: rebuffing, steelmaker, Lawrence Bryant, ”, Lourenco Goncalves, Davis Polk, Milbank, Lipton, Katz Organizations: Reuters, United States Steel Corp, Sunday, Cliffs, U.S . Steel, U.S . Steel Granite City, REUTERS, Steel, U.S, China . U.S . Steel, AK Steel Holding Corp, United Steelworkers, Company, UBS, Wardwell, . Steel, Barclays Capital, Goldman Sachs Group, Milbank LLP, Wachtell, Rosen Locations: steelmaker Cleveland, U.S . Steel Granite, Granite City , Illinois, U.S, Ohio, China . U.S, steelmaker, North, Wells Fargo, J.P.Morgan, Cleveland

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