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Moreover, the partnership will enable Rivian to cut operating costs by leveraging volumes of supplies including chips and components, he said. It will also help Rivian, known for its flagship R1S SUVs and R1T pickups, turn cashflow positive. Volkswagen will immediately invest $1 billion in Rivian through a note that will convert to stock on Dec. 1, subject to regulatory approvals. The German automaker will also invest $2 billion in Rivian stock - $1 billion each in 2025 and 2026 - subject to the startup hitting certain milestones, and provide a $1 billion loan in 2026. Rivian stock has halved so far this year.

Persons: Stephane Mahe, RJ Scaringe, Vitaly Golomb, Herbert Diess, Diess, Rivian, Scaringe, Sam Fiorani, Mavka Capital's Golomb, VW's Cariad, Abhirup Roy, Ben Klayman, Noel Randewich, Christina Amann, Harshita Varghese, Sayantani Ghosh, Rod Nickel, Matthew Lewis, Leslie Adler Organizations: Volkswagen, REUTERS, Reuters, JV, Audi, Porsche, Lamborghini, Bentley, Volkswagen Group, Mavka, VW, AutoForecast Solutions, Traders, S3 Partners, Rivian, Thomson Locations: Reze, Nantes, France, Europe, Asia, North America, U.S, German, South Carolina, San Francisco, Detroit, Oakland , California, Berlin, Bengaluru

Here's a rough guide to the jargon being used in Dubai at COP28, this year's United Nations climate change conference. The term "climate change" is used more broadly to describe global warming and its consequences, including variable weather extremes. GHGs include a myriad of gases, but the most impactful — methane and carbon dioxide — are also referred to as "carbon emissions" because both molecules contain carbon. The world's excess carbon emissions come mostly from the burning of fossil fuels and other industrial activities. UNFCCC - The United Nations Framework Convention on Climate Change is the treaty adopted in 1992 agreeing to halt climate change.

Persons: Amanda Perobelli, COP21, NDCs, Gloria Dickie, Katy Daigle, Rod Nickel, Aurora Ellis Organizations: United Nations, Paris, Thomson Locations: Amazonia, Nova Xavantina, Mato Grosso, Brazil, Dubai, COP28, United Nations, China, PARIS, Paris, Glasgow, COP27, London

☆ Explainer: What is Alberta's Sovereignty Act?
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +4 min

Below are some key aspects of the act:WHAT IS THE ALBERTA SOVEREIGNTY ACT? Alberta Sovereignty Within a United Canada Act was approved by the legislature in December 2022 after the initial bill was diluted to its current form. The act affirmed that the Alberta legislature, not Smith's cabinet, would have the last word on lawmaking. The Sovereignty Act was one of the most eye-catching policies Smith promised to introduce after becoming premier last year. Former conservative premier Jason Kenney has blasted the Alberta Sovereignty Act as a "full-frontal attack on the rule of law" that risked turning Alberta into a "banana republic".

Persons: Danielle Smith, Todd Korol, Justin Trudeau's, Smith, " Smith, Trudeau, Jason Kenney, Denny Thomas, Rod, Deepa Babington, Aurora Ellis Organizations: Calgary Stampede, REUTERS, Smith's United Conservative Party, Liberal, ACT, Alberta, United, First Nations, Ottawa, federal National Energy Program, Wildrose Party, Reuters, Former, Thomson Locations: Alberta, Calgary , Alberta, Canada, ALBERTA, United Canada, Saskatchewan, Alberta . Alberta, Ottawa

Breton also is co-chair of a government working group on charging infrastructure. "People seem to forget that the backbone of the infrastructure is not public charging, it's home charging," Breton said. 'SERIOUS CHALLENGE'Breton said that 30% of the cost of installing a home EV charging station in the U.S. is covered by a federal tax credit, while California residents can receive rebates for upgrading charging stations and electric panels. Most Canadians drive short distances to work, meaning that public charging is mainly necessary for longer-haul travellers, Breton said. Canada had 19 EVs per public charging point in 2022, while the number was 24 in the U.S., according to the Paris-based International Energy Agency.

Persons: Chris Helgren, Justin Trudeau's, Canada's, Daniel Breton, Breton, Brian Kingston, Kingston, Joanna Kyriazis, Rod Nickel, Denny Thomas, Paul Simao Organizations: Volkswagen, Canadian, REUTERS, Companies Parkland Corp, Justin Trudeau's Liberal, Infrastructure Bank, Parkland Corp, EV, Electric Mobility Canada, Natural Resources, International Energy Agency, Clean Energy Canada, Simon Fraser University, Canadian Vehicle Manufacturers ' Association, Thomson Locations: Toronto , Ontario, Canada, WINNIPEG , Manitoba, British Columbia, Canadian, Parkland, Breton, U.S, California, Natural Resources Canada, Paris, Vancouver, Ottawa, Winnipeg , Manitoba

☆ 'Dupes' clothing, perfume craze lures holiday shoppers as major brands fret
▼ + stars: | 2023-11-20 | by ( Katherine Masters | ) www.reuters.com time to read: +7 min

Hashtag searches for dupes of major brands - including Skims underwear and Deckers' (DECK.N) Ugg boots - have been viewed millions of times on TikTok. Graphic shows pictures of four original products and their original prices under named brands compared with the prices of their 'dupe' counterparts. Newer technologies like the Google Lens app allow people to take photos of items they like and find similar products for sale. In other cases, dupe sellers opt to replicate the look of higher-priced originals with cheaper materials to maximize profit. However, experts say dupe sellers have grown increasingly skilled at avoiding brand logos and other design features that could infringe existing patents or copyrights.

Persons: Lauren Maginness, Shannon Stapleton, Maginness, Estee, Tom Ford, Dupes, “, ”, Penny Pincher, Leslie Ghize, Doneger Tobe, Calvin McDonald, Ian Taplin, Juozas Kaziukenas, Kaziukenas, Maria Boschetti, Mike Scheschuk, Birkenstock, Katherine Masters, Dorothy Kam, Vanessa O'Connell, Rod Nickel, Matthew Lewis Organizations: REUTERS, Abercrombie, Fitch, Scout, Walmart, Department, Nordstrom, Circana Inc, COMMERCE, Wake Forest University, eBay, Google, HK, Amazon, New, Thomson Locations: New York City, U.S, Hong Kong, TikTok, Los Angeles, Zara, Italy, New York

[1/2] People shop in a used clothing shop in Buenos Aires, Argentina May 14, 2019. Today prices are unthinkable," said Aylen Chiclana, a 22-year-old student in Buenos Aires. Beatriz Lauricio, a 62-year-old semi-retired teacher, said that she and her husband, a bus company employee, go on weekends to a clothing fair to sell old garments to make ends meet. "We simply can't buy new things. You can't buy new sneakers, you can't buy new flip-flops, you can't buy new jeans, you can't buy a shirt or a T-shirt either.

Persons: Agustin Marcarian, Javier Milei, Sergio Massa, Aylen Chiclana, Beatriz Lauricio, Lauricio, María Silvina Perasso, María Teresa Ortiz, Claudia Martini, Miguel Lo Bianco, Lucila Sigal, Adam Jourdan, Rod Nickel, Leslie Adler Organizations: REUTERS, Economy, Peronist, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Tigre

☆ Paraguay's beef likely won't boost tight US supplies, importers say
▼ + stars: | 2023-11-13 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

[1/2] Employees cut fresh beef meat into small pieces at the First Capitol Meat Processing plant in Corydon, Indiana U.S. January 31, 2022. "There's typically now a pretty big race to get product in under that quota," Sothmann said. The U.S. Department of Agriculture forecasts total U.S. beef and veal imports at about 1.6 million metric tons this year. Paraguay may eventually ship 3,250 to 6,500 metric tons annually, or 5% to 10% of the tariff-rate-quota for the countries without individual agreements, the USDA said. Analysts expect Paraguay to compete with producers like Brazil to supply lean beef that is blended with fattier U.S. supplies.

Persons: Amira Karaoud, Stephen Sothmann, Sothmann, Tom Polansek, Rod Nickel Organizations: Corydon , Indiana U.S, REUTERS, Rights, Import Council of America, Suppliers, U.S . Department of Agriculture, U.S, Thomson Locations: Corydon , Indiana, Paraguay, U.S, Brazil, Ireland, Japan, Namibia

[1/2] People shop in a used clothing shop in Buenos Aires, Argentina May 14, 2019. Today prices are unthinkable," said 22-year-old student Aylen Chiclana in Buenos Aires. Beatriz Lauricio, a 62-year-old semi-retired teacher, said that she and her husband, a bus company employee, go on weekends to a clothing fair to sell old garments to make ends meet. "We simply can't buy new things. You can't buy new sneakers, you can't buy new flip-flops, you can't buy new jeans, you can't buy a shirt or a T-shirt either.

Persons: Agustin Marcarian, Javier Milei, Sergio Massa, Aylen Chiclana, Beatriz Lauricio, We're, Lauricio, María Silvina Perasso, María Teresa Ortiz, Claudia Martini, Miguel Lo Bianco, Lucila Sigal, Adam Jourdan, Rod Nickel Organizations: REUTERS, Peronist, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Tigre

Federal rules require banks to reimburse customers for payments made without their authorization, such as by hackers, but not when customers themselves make the transfer. Following its launch in 2017, Zelle grew to become one of the largest U.S. peer-to-peer payments networks by total payments. A March 2022 New York Times report that scams were flourishing on Zelle caught the attention of lawmakers frequently critical of big banks, including Senator Elizabeth Warren. He said Zelle has seen "a step-change reduction" in fraud and scam rates this year but declined to provide details. Chance said EWS has been engaging with policymakers on the need for a "holistic approach" to combating scams, including advocating for more dedicated law enforcement resources.

Persons: Jamie Dimon, Jane Fraser, Brian Moynihan, Banks, Ben Chance, Zelle, Elizabeth Warren, Warren, Dimon, EWS, Chance, ”, Trace, Carla Sanchez, Adams, we're, Lindsey Johnson, Hannah Lang, Chris Prentice, Michelle Price, Rod Nickel Organizations: JPMorgan Chase, Citigroup, Bank of America, Banking, Housing, Urban Affairs, Capitol, Warning, Reuters, Federal, JPMorgan, New York Times, Federal Trade Commission, Consumer Financial Protection Bureau, PayPal, National Consumer Law, Consumer Bankers Association, Thomson Locations: Zelle, U.S, Warren, Washington, New York

LSEG Workspace, a financial news and data platform, calculated inventory turnover ratios of 30 major U.S. retailers for Reuters. "I am relatively pessimistic about the holiday season," said Gerald Storch, retail consultant and former Target vice chairman and ex-CEO of Hudson's Bay. Department stores' holiday season is "likely not going to be that strong," said David Swartz, a Morningstar analyst. Reuters Graphics Reuters GraphicsTo be sure, inventory turnover is not the only metric Wall Street investors use to judge retailers' inventory levels. Some are already slashing prices and dangling discounts to clear excess inventory before Black Friday, the start of holiday shopping season.

Persons: King, King of Prussia, Sarah Silbiger, Gerald Storch, Jeff Bornino, David Swartz, Ulta, pare, Jason Benowitz, Joseph Feldman, Jane Hali, Nordstrom, Brian Mulberry, Savyata Mishra, Ananya Mariam Rajesh, Richa Naidu, Siddharth Cavale, Aishwarya Venugopal, Rod Nickel Organizations: REUTERS, Dollar, Walmart, Reuters, North America, Kroger, Department, Morningstar, TJX Companies, Dick's Sporting, Reuters Graphics Reuters, Roosevelt, Telsey Advisory, Research, Associates, Nordstrom, Zacks Investment Management, Thomson Locations: King of, King, King of Prussia , Pennsylvania, U.S, Hudson's, North

"We're going to start seeing two big waves of growth" in Mexican startups, said Eric Perez-Grovas, co-founder of venture capital fund Wollef, in an interview, adding an earlier slowdown in financing activity was starting to reverse. Mexico's startups are looking to recover after a lackluster year, hit by rising inflation and high interest rates, dampened investment prospects. "The economic outlook is really, really positive, inflation is coming down and employment is steady. Nexu, an auto-financing startup, landed a $20-million investment round last month, adding onto $53 million it had previously raised. Nexu's round was oversubscribed and had buy-in from foreign investors, however, showing market appetite is increasing, said Perez-Grovas.

Persons: Edgard Garrido, Eric Perez, Melonn, Andres Felipe Archila, Perez, Grovas, Abdon Necif, Kylie Madry, Sarah Morland, Rod Nickel Organizations: REUTERS, MEXICO CITY, Mexico's, Wollef, Thomson Locations: MEXICO, Mexico, U.S

☆ New satellite will detect and share CO2 data from individual facilities
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

Companies GHGSat Inc FollowNov 11 (Reuters) - Canadian emissions monitoring company GHGSat on Saturday launched a satellite aimed at detecting carbon dioxide emissions from individual facilities like coal plants and steel mills from space for the first time. The satellite, named Vanguard, launched from Vandenberg Space Force Base in California, GHGSat said. Carbon dioxide accounts for nearly 80% of U.S. greenhouse gas emissions from human activities and tends to enter the atmosphere from large industrial sources like power plants. Satellites monitoring carbon dioxide in the atmosphere currently are not focused on facility-level emissions, GHGSat said. The data collected by Vanguard will help substantiate common practices of monitoring and measuring carbon dioxide emissions, according to Stephane Germain, CEO of Montreal-based GHGSat.

Persons: GHGSat, Stephane Germain, Germain, Nichola Groom, Rod Nickel Organizations: Saturday, Vanguard, Vandenberg Space Force, Thomson Locations: California, U.S, Montreal

Lockbit was discovered in 2020 when its eponymous malicious software was found on Russian-language cybercrime forums, leading some security analysts to believe the gang is based in Russia. The gang has not professed support for any government, however, nor has any government formally attributed it to a nation-state. "We are located in the Netherlands, completely apolitical and only interested in money," the gang says on its dark web blog. The cybercrime gang infects a victim organisation's system with ransomware - malicious software that encrypts data - and then coerces targets into paying ransom to decrypt or unlock it. On the dark web, Lockbit's blog displays an ever-growing gallery of victim organisations that is updated nearly daily.

Persons: Lockbit, cybercriminals, Zeba Siddiqui, James Pearson, Rod Nickel Organizations: FRANCISCO, LONDON, Commercial Bank of China, Boeing, ION, Thomson Locations: Russia, Netherlands, United States, ICBC's U.S, San Francisco, London

☆ US company earnings set for biggest quarterly gain in over a year
▼ + stars: | 2023-11-10 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsNEW YORK, Nov 10 (Reuters) - U.S. companies are set for their biggest year-over-year gain in quarterly earnings since the second quarter of 2022 after a high percentage of S&P 500 companies beat Wall Street expectations. That is well above the 1.6% third-quarter earnings gain estimated by analysts Oct. 1. LSEG said that 81.3% of the quarterly reports surpassed analysts' earnings expectations, which is the highest beat rate since the second quarter of 2021. Microsoft (MSFT.O) was among the big-name S&P 500 companies that produced above-expectation results, with its cloud-computing and PC businesses growing as customers anticipate using its artificial-intelligence offerings. Stocks have risen since the end of the October, and on Friday the S&P 500 hit its highest level intraday since Sept. 20.

Persons: Lucas Jackson, LSEG, Caroline Valetkevitch, Rod Nickel Organizations: New York Stock Exchange, REUTERS, Microsoft, Treasury, Thomson Locations: U.S

[1/2] A child casts a ballot on behalf of a voter at a polling station during Hungarian parliamentary elections in Veresegyhaz, Hungary April 3, 2022. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsARLINGTON, Virginia, Nov 10 (Reuters) - Private spy firm Black Cube was behind a hidden video campaign that used LinkedIn to target Hungarian activists and journalists leading to last year's election in the central European country, the professional networking site said on Thursday. A researcher for Microsoft-owned (MSFT.O) LinkedIn said Black Cube, based in Israel, created a network of fake personas that used bogus job postings to connect with their targets on the platform. Black Cube did not immediately respond to messages seeking comment. The operation attributed to Black Cube by LinkedIn began in 2020 and targeted at least 12 activists and journalists who have been critical of Hungarian Prime Minister Viktor Orban.

Persons: Leonhard Foeger, Mona Damian, Damian, Harvey Weinstein, Viktor Orban, Orban, Amnesty International Hungary Orsolya Jeney, Rohac, Raphael Satter, Rod Nickel Organizations: REUTERS, Rights, Microsoft, LinkedIn, Politico, Hungarian, Reuters, Amnesty International, American Enterprise Institute, Thomson Locations: Veresegyhaz, Hungary, Rights ARLINGTON , Virginia, Israel, Arlington , Virginia, Hungary's, Amnesty International Hungary, Washington

The new five-year agreement covers 5,000 employees at two Wynn Resorts properties and follows similar deals for 35,500 workers with rivals Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N) earlier this week. The deal with Wynn and the Culinary Workers and Bartenders Unions marks the end of negotiations between the unions and the largest casino operators in the city. Casino resort operators in Las Vegas have been earning record profits from a steady post-pandemic recovery. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. The city will be hosting the Formula 1 Las Vegas Grand Prix this month and the Super Bowl, which is scheduled to take place in February.

Persons: Wynn, Daniel, Ananta Agarwal, Shivansh, Anil D'Silva, Arun Koyyur, Rod Nickel Organizations: Hospitality, Wynn Resorts, Caesars Entertainment, MGM Resorts International, Culinary Workers, Bartenders Unions, Hilton Worldwide, Hilton, Las, Vanderbilt University, Las Vegas Convention, Visitors Authority, Las Vegas, Thomson Locations: Las Vegas, United States, Bengaluru, Doyinsola, New York

☆ US reduces beef exports as cattle herd shrinks, squeezing Tyson Foods
▼ + stars: | 2023-11-10 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

The decline in cattle numbers, after years of drought fried pasture lands used for grazing, led to soaring U.S. beef prices. Higher prices incentivize companies to import cheaper beef and discourage U.S. beef purchases by buyers like China, Japan and Egypt. For Tyson, the loss of U.S. export business compounds margin pressure from higher cattle prices, Goldman Sachs analysts said. U.S. beef exports typically command higher margins than domestic shipments, they said. The USDA on Thursday raised its forecasts for beef imports in 2023 and 2024 in a monthly report.

Persons: Amira Karaoud, world's, Tyson, Cargill, Pete Bonds, Bonds, Goldman Sachs, Donnie King, Katelyn McCullock, McCullock, Derrell, Tom Polansek, Rod Nickel Organizations: Corydon , Indiana U.S, REUTERS, Rights, Tyson, U.S . Department of Agriculture, USDA, U.S ., U.S, Marketing, Center, Oklahoma State University, Thomson Locations: Corydon , Indiana, United States, China, Japan, Egypt, Texas, U.S, Tyson's, Florida, South Carolina, Australia, New Zealand, Paraguay, Paraguayan, Mexico

U.S. President Joe Biden holds an event to sign an Executive Order on Artificial Intelligence in the East Room at the White House in Washington, U.S., October 30, 2023. Biden faced questions this week, including from some in his own Democratic Party, about the wisdom of his 2024 re-election bid after a series of weak polls. A Sunday New York Times/Siena College poll showed Biden behind Republican frontrunner Donald Trump in five of six battleground states. Whether victories for Democrats this week are a definitive sign of strength for Biden's re-election is unclear. Harris, who appeared in the White House driveway so abruptly that she interrupted Jean-Pierre's scheduled press conference, closed with an optimistic prediction about next November.

Persons: Joe Biden, Leah Millis, Biden, Joe Biden's, Pollsters, Sam Cornale, Israel, Donald Trump, Andy Beshear, Biden's, Mary Anna Mancuso, Kamala Harris, Harris, Trump, MAGA, Donald Trump's, Cornale, Karine Jean, Pierre, Jean, Pierre's, Steve Holland, Trevor Hunnicutt, Heather Timmons, Rod Nickel, Deepa Babington, Lincoln Organizations: Artificial Intelligence, White, REUTERS, Rights, Democratic National Committee, Reuters, Democrats, Democratic Party, Democratic, Sunday New York Times, Siena, Republican, U.S, Supreme, Voters, NBC, Trump, Republican Party, MAGA Republicans, Republicans, Thomson Locations: Washington , U.S, Kentucky, Ohio, Pennsylvania, America

Casino resort operators have been earning record profits from a steady post-pandemic recovery in Las Vegas tourism. Caesars Entertainment (CZR.O), the second-biggest Las Vegas casino operator by number of employees, said the deal provides "meaningful wage increases" and aligns with plans to bring more union jobs to the Strip. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. The city is gearing up for events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw thousands of tourists. TALKS WITH MGM, WYNN CONTINUETalks with casino operators MGM Resorts International (MGM.N) and Wynn Resorts (WYNN.O) are yet to yield an agreement ahead of Friday's deadline for a strike.

Persons: Steve Marcus, Ted Pappageorge, we've, Pappageorge, Erik Gordon, Daniel Busby, WYNN, William Hornbuckle, Wynn, Barry Jonas, Jonas, Shivansh Tiwary, Ananta Agarwal, Rod Nickel, Stephen Coates Organizations: Caesars Entertainment Corp, REUTERS, Las Vegas Sun, Caesars Entertainment, Culinary Workers, Bartenders Unions, Culinary Union, Las, housekeepers, Las Vegas Convention, Visitors Authority, Las Vegas, Companies, University of Michigan, Paris Las Vegas, Caesars, MGM, MGM Resorts International, Wynn Resorts, Wynn, Vegas . Caesars, Thomson Locations: Las Vegas , Nevada, Las Vegas, Vegas, United States, Vegas ., Bengaluru, Doyinsola, New York

☆ Swedish EV maker Polestar trims delivery forecast, halves margin target
▼ + stars: | 2023-11-09 | by ( Abhirup Roy | ) www.reuters.com time to read: +3 min

Nov 8 (Reuters) - Swedish electric vehicle maker Polestar trimmed its 2023 delivery forecast on Wednesday to the lower end of its earlier guidance and halved its gross margin target, amid fears of a slowdown in EV demand and global economic uncertainty. Polestar, which operates in 27 markets globally, said it would now deliver about 60,000 vehicles this year, down from between 60,000 to 70,000. It had reiterated that forecast just last month after slashing the target in May from the 80,000 it had estimated earlier. The U.S.-listed company, founded by China's Geely and Volvo Cars (VOLCARb.ST), also said it would achieve a gross margin of 2% in 2023, down from its prior 4% forecast. The company said it sees gross margin in the high teens with a total annual volume of about 155,000 to 165,000 vehicles in 2025.

Persons: China's Geely, Johan Malmqvist, Thomas Ingenlath, Tesla's, Elon Musk, Polestar, Abhirup Roy, Rod Nickel, Jamie Freed Organizations: Volvo, Reuters, General Motors, Ford, Revenue, Thomson Locations: Swedish, U.S, San Francisco

☆ Picasso painting sells for $139 million, most valuable art auctioned this year
▼ + stars: | 2023-11-09 | by ( Ben Kellerman | ) www.reuters.com time to read: +2 min

Pablo Picasso's 1932 painting "Femme a la Montre" is displayed at an auction at Sotheby's, in New York City, U.S., November 8, 2023. REUTERS/Ben Kellerman Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Pablo Picasso’s 1932 painting “Femme à la montre” sold for more than $139 million on Wednesday at a Sotheby’s New York auction, making it the most valuable work of art sold globally at an auction this year. “Femme à la montre,” which translates from French to “Woman with a Watch,” is a portrait of the artist’s lover Marie-Thérèse Walter seated in a throne-like chair against a blue background. Walter became his subject for a number of artworks, including the 1932 painting "Femme nue couchée," which sold for $67.5 million at auction in 2022. Picasso painted “Femme à la montre” at a pivotal year in his career.

Persons: Pablo Picasso's, Ben Kellerman, Pablo Picasso’s, ”, Emily Fisher Landau, “, Marie, Thérèse Walter, Picasso, Olga Khokhlova, Walter, Khokhlova, Fisher Landau, Rod Nickel Organizations: REUTERS, Tate, York’s Pace, Thomson Locations: Sotheby's, New York City, U.S, New York, York, Christie’s, Ukrainian, Paris, Manhattan

LONDON, Nov 9 (Reuters) - Shell (SHEL.L) is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. Greenpeace activists boarded the vessel in January near the Canary Islands off the Atlantic coast of northern Africa to protest oil drilling and travelled on it as far as Norway. Boarding a moving vessel at sea was "unlawful and extremely dangerous," a Shell spokesperson said. Four Greenpeace activists used ropes to hoist themselves onto the vessel from inflatable boats that chased the ship at high speed. Protests at sea against oil, gas or mining infrastructure have long been part of Greenpeace's operations.

Persons: Shell, Fluor, Shadia Nasralla, Rod Nickel Organizations: Greenpeace, Reuters, Court, Shell, Penguins, Thomson Locations: London's, Africa, Norway, North, Dutch

U.S. President Joe Biden holds an event to sign an Executive Order on Artificial Intelligence in the East Room at the White House in Washington, U.S., October 30, 2023. Biden faced questions this week, including from some in his own Democratic Party, about the wisdom of his 2024 re-election bid after a series of weak polls. A Sunday New York Times/Siena College poll showed Biden behind Republican frontrunner Donald Trump in five of six battleground states. The election results showed that "the government should not be telling a woman what to do with her body," Harris said. Harris, who appeared in the White House driveway so abruptly that she interrupted Jean-Pierre's scheduled press conference, closed with an optimistic prediction about next November.

Persons: Joe Biden, Leah Millis, Biden, Joe Biden's, Pollsters, Sam Cornale, Israel, Donald Trump, Andy Beshear, Kamala Harris, Harris, MAGA, Donald Trump's, Cornale, Karine Jean, Pierre, Biden's, Jean, Pierre's, Steve Holland, Trevor Hunnicutt, Heather Timmons, Rod Nickel Organizations: Artificial Intelligence, White, REUTERS, Rights, Democratic National Committee, Reuters, Democratic Party, Democrat, Sunday New York Times, Siena, Democratic, Republican, U.S, Supreme, MAGA Republicans, Republicans, Thomson Locations: Washington , U.S, Kentucky, Ohio, Pennsylvania, America

☆ US drone shot down near Yemen -officials
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 8 (Reuters) - A U.S. military MQ-9 drone was shot down on Wednesday by Yemen's Houthis, two U.S. officials and the Iran-aligned Houthi movement said. While U.S. drones have been shot down by Houthis in the past, this incident comes at a particularly tense time in the region. The U.S. officials, speaking on the condition of anonymity, said the drone, made by General Atomics, had been brought down off the coast of Yemen. In a statement, a Houthi military spokesperson said they shot down the drone in airspace over Yemeni territorial waters. Last month, a U.S. Navy warship intercepted four cruise missiles and more than a dozen drones launched by the Houthis from Yemen headed toward Israel.

Persons: Yemen's Houthis, General Atomics, Idrees Ali, Phil Stewart, Aziz El Yaakoubi, Chris Reese, Rod Nickel Organizations: Houthis, U.S, Pentagon, U.S . Navy, Base Elmendorf, Thomson Locations: U.S, Iran, Washington, Israel, Yemen, Red, Richardson , Alaska

With the economy slowing and adding fewer jobs, banks are anticipating more consumers could default on credit-card payments and mortgages, hurting profits. "(Canadian banks) are running a little bit tighter in capital than they have in the past," said Adrienne Young, director of corporate credit research at Franklin Templeton Canada. "I don't see them having to go out and raise equity... I think the banks will use other tools in their toolbox before having to go and raise equity," said Maria Gabriella Khoury, analyst at credit-ratings agency Fitch. "They are doing that.. to make sure banks are holding more capital as we potentially head into a downturn," Colangelo said.

Persons: Banks, Adrienne Young, Maria Gabriella Khoury, Fitch, Robert Colangelo, Colangelo, Anthony Visano, Nivedita Balu, Rod Nickel Organizations: TORONTO, Franklin Templeton, " Bank of Nova, Scotiabank, BMO, Equity, DSB, Royal Bank of Canada, RBC, HSBC Canada, Kingwest, Thomson Locations: Franklin Templeton Canada, " Bank of Nova Scotia, U.S, Toronto

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