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☆ The pros and cons for investors of nonstop trading as NYSE looks to go 22 hours a day
▼ + stars: | 2024-10-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

"Core" trading hours for both the NYSE floor and NYSE Arca are 9:30 a.m. to 4:00 p.m. Nasdaq , which has current trading hours similar to the NYSE, declined to comment on the NYSE announcement and declined to say whether it would match the NYSE's proposal to expand trading hours. Is there demand for after hours trading? "In addition, there are retail traders in the U.S. who want to trade at night. Many retail traders work during the day, they come home and want to trade beyond the 8 p.m. cutoff for trading."

Persons: Michael M, NYSA, Kevin Tyrrell, Tyrrell, Jim, Dmitri Galinov, Galinov, Spencer Platt, Dennis Kelleher, Kelleher, Benjamin L, Schiffrin, Jay Woods, Woods Organizations: ICE, New York Stock Exchange, Santiago, Getty, York Stock Exchange, Intercontinental Exchange, Big, NYSA Arca, NYSE, NYSE Arca, Nasdaq, CNBC, Security Traders Association, Exchange, SEC, Traders, Blue Ocean Technologies, Better, 24X, Freedom Capital Locations: New York City, U.S, South Korea, Japan, Europe

Lisbon, Portugal CNN —Swaths of Europe have been battered by deadly extreme weather, as rivers threaten to burst their banks in central Europe following torrential rainfall, and wildfires tear through Portugal. Seven people have now died in fires in Portugal since Sunday, including three firefighters, whose vehicle burst into flames on Tuesday. At least 17 have been killed in what authorities have called the worst floods to hit central and eastern Europe in decades. The mayor of Nysa in Poland ordered the evacuation of all 44,000 residents as water levels in the city’s river rose and threatened to send more floods through its neighborhoods. Local residents transport sandbags as they attempt to protect the embankment of the Nysa Klodzka river on Monday.

Persons: Grzegorz Grochowski, Nysa, ” Grochowski, “, Mateusz Slodkowski, Daniel Mihailescu, downpours, Octavio Passos, Pedro Nunes, Robert Shackelford Organizations: Portugal CNN, Reuters, Getty, Interior Ministry, Portuguese Civil Protection Agency, CNN, European Organisation, Firefighters Locations: Lisbon, Portugal, Europe, Nysa, Poland, AFP, Romanian, Slobozia, Italy, Czech Republic, Ladek, Jesenik, Czech, Polish, Ostrava, Porto, Almofrela, Canas de Senhorim, Portuguese, CNN Portugal

☆ Central Europe braces for more flooding as death toll rises
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

A man shovels debris in floodwater following heavy rainfall in Jesenik, Czech Republic, on Sept. 15, 2024. In Jesenik, a Czech town across the border that was inundated on Sunday, a clean-up was starting after waters receded to show damaged cars and debris on the streets. Flooded parts of the northeastern Czech city of Ostrava forced the closures of a power plant supplying heat and hot water to the city as well as two chemical plants. State news agency PAP reported five deaths in Poland, and in the Czech Republic one person died, a police official said. Slovakia’s capital Bratislava and the Hungarian capital Budapest were both preparing for possible flooding as the River Danube rose.

Persons: Donald Tusk, Michal Piszko, David W Cerny, ”, Zdenek Kuzilek, Emil Dragomir, Slobozia Conachi, Jacek Sutryk, Sandor Pinter Organizations: European Union, Reuters, “ Telephones, Facebook Locations: Europe, Czech Republic, Poland, Austria, Romania, European, Klodzko, Czech, Jesenik, Polish, Nysa, Slobozia, Romanian, Kozielno, Wroclaw, Silesia, Prague, Ostrava, Austrian, Lower Austria, Vienna, Slovakia’s, Bratislava, Budapest, Hungarian

☆ Storm Boris: 10 killed as a month’s worth of rain pounds central Europe
▼ + stars: | 2024-09-16 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +5 min

CNN —At least 10 people have been killed in some of the worst floods to hit central Europe in decades as Storm Boris sweeps through the region, dumping well over a month’s worth of rain. Across the border in the Czech Republic, thousands of residents have been left without hot water and electricity after authorities shuttered heating plants. Authorities are also alarmed by the situation in the Czech town of Litovlje, where 80% of buildings are submerged. The town’s mayor, Viktor Kohout, told CNN Prima that the Morava river is expected to crest at 2 p.m. local time (8 a.m. Police have extensively “warned the public about the danger” of walking along the river, a Bratislava Police spokesperson told CNN on Monday.

Persons: Boris, “, Johanna Mikl, Leitner, Jaroslav Ozana, Kacper Pempel, Wladyslaw Kosiniak, Kamysz, Viktor Kohout, Sergei Gapon, Zdenek Kuzilek, Viktor Orban, Orban, ” Orban Organizations: CNN, Veolia, CNN Prima, ” Firefighters, Moravska Ostrava, Reuters, TVN24, Polish, PAP, Authorities, Getty, Danube . Police, Bratislava Police Locations: Europe, Austria, Poland, Czech Republic, Hungary, Ostrava, Polish, Lower Austria, ” Lower Austria, Privoz, Nysa Klodzka, Nysa, Reuters Europe, Klodzko, Czech, Litovlje, Jesenik, Rudawa, AFP, Budapest, Slovakian, Bratislava

☆ Floods claim two more casualties as torrential rain batters central Europe
▼ + stars: | 2024-09-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

One person drowned in southwest Poland and thousands were evacuated across the border in the Czech Republic after heavy rain continued to batter central Europe on Sunday, causing flooding in several parts of the region. Rivers overflowed from Poland to Romania, where four people were found dead on Saturday, after days of torrential rain in a low-pressure system named Boris. Some parts of the Czech Republic and Poland faced the worst flooding in almost three decades as towns evacuated thousands. That surpassed a record seen in heavy flooding in 1997, which partly damaged the town and claimed 56 lives in Poland. In Romania, authorities said the rain was less intense than on Saturday, when flooding killed four and damaged 5,000 homes.

Persons: Werner Kogler, ”, Mirek Burianek, Donald Tusk, ” Tusk, Pavel Bily, “, Gergely Karacsony Organizations: Austrian, ” Police, Firefighters, Local Locations: Poland, Czech Republic, Europe, Lower Austria, Vienna, Glucholazy, Czech, Stronie Slaskie, Rivers, Romania, Lipova, Prague, Jesenik, Klodzko county, Klodzko, Poland’s Nysa, Nysa, Budapest, Hungary, Slovakia, Austria, Towns

☆ Volkswagen, Umicore venture picks Poland for first car battery parts plant
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

Volkswagen vehicle is parked during a news conference to announce details on the construction of a gigafactory for electric vehicle battery production by Volkswagen Group's battery company PowerCo SE in St. Thomas, Ontario, Canada April 21, 2023. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsBERLIN, Oct 7 (Reuters) - The auto battery parts joint venture between Volkswagen's (VOWG_p.DE) PowerCo and Belgian materials firm Umicore (UMI.BR) has chosen Poland as the site for its first factory, PowerCo said on Saturday. Ionway wants to build up its annual production capacity by the end of the decade to around 160 gigawatt hours (GWh) per year - enough for 2.2 million electric vehicles. Ionway is intended to supply PowerCo's European battery cell factories with key battery materials and to cover a large portion of PowerCo's needs in the European Union. In return, Umicore receives secured access to an important part of Europe's demand for cathode materials for electric vehicles.

Persons: Carlos Osorio, PowerCo, Ionway, Umicore, Sabine Wollrab, Sarah Marsh, David Holmes 私 Organizations: Volkswagen, Volkswagen Group's, REUTERS, Rights, VW, European Union Locations: St, Thomas , Ontario, Canada, Volkswagen's, Poland, Nysa, Ontario

☆ The new European vacation? Travelers are returning for trips that are all about food and wine
▼ + stars: | 2022-11-04 | by ( Lucy Handley | ) www.cnbc.com time to read: +9 min

Last year, the couple set up a tour company called Stay Awhile, which organizes trips "designed around food," according to the company's website. Guests taking part in Stay Awhile's French baking course visit the area to sample gourmet delicacies. A food tour of San SebastianPintxos are a staple in San Sebastian, one of the most popular places for foodies in Spain's Basque Country. It's not just doing a wine tour … it's a gourmet getaway," Stebbings told CNBC by phone. On a tour of the French Languedoc-Roussillon region, travelers can take a boat trip to an oyster farm off the coast of Montpellier.

☆ Volkswagen teams up with Umicore on battery materials
▼ + stars: | 2022-09-26 | by ( Victoria Waldersee | ) www.reuters.com time to read: +3 min

The venture - between Umicore and Volkswagen's battery unit PowerCo - also plan to collaborate on recycling metals from battery materials, the firms said, without giving a timeframe. Under the 3 billion euro ($2.9 billion) joint venture, which the companies flagged in December, Umicore will produce enough battery precursor and cathode material for 160 gigawatt hours (GWh) of battery capacity - enough for 2.2 million vehicles. It will start with material for 40 GWh of capacity by 2026 at Volkswagen's first battery plant in Salzgitter, Germany. There is a "strong industrial logic" to locating production at Umicore's newly inaugurated battery materials plant in Nysa, Poland, Umicore CEO Mathias Miedreich said, adding a decision would be taken "rather quickly". read moreThe companies also agreed that Umicore would refine cathode material for the first 60 GWh of capacity.

☆ Volkswagen's PowerCo and Umicore team up on battery materials
▼ + stars: | 2022-09-26 | by ( Victoria Waldersee | ) www.reuters.com time to read: +2 min

REUTERS/Imelda MedinaBERLIN, Sept 26 (Reuters) - Volkswagen's (VOWG_p.DE) PowerCo and materials technology firm Umicore announced a 3 billion euro ($2.9 billion) joint venture on Monday that will produce battery precursor and cathode material from 2025, likely at Umicore's new plant in Poland. The venture will start with a target of 40 GWh by 2026, with Volkswagen's Salzgitter battery plant the first to receive material. Register now for FREE unlimited access to Reuters.com RegisterThere is a "strong industrial logic" to locating production at Umicore's newly inaugurated battery materials plant in Nysa, Poland, Umicore CEO Mathias Miedreich said, adding a decision would be taken "rather quickly". Volkswagen, which plans to build six battery plants in Europe by 2030 starting with Salzgitter, first announced in late 2021 that it was planning a joint venture with Umicore as it attempts to gain control over the entire battery value chain. read moreShares in the Belgian company plummeted in June after it announced a 5 billion euro plan to bulk up its battery material business, with analysts concerned about the higher debt and external funding required amid rising costs.

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