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☆ Police chiefs apologise for Hillsborough failures after 34 years
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +3 min

The 1989 FA Cup semi-final was the scene of Britain's worst sporting disaster when 96 Liverpool fans were crushed to death in an over-crowded and fenced-in enclosure in the lower tier. "Policing has profoundly failed those bereaved by the Hillsborough disaster over many years and we are sorry that the service got it so wrong," Chief Constable Andy Marsh, CEO of the College of Policing, said in a statement. "Police failures were the main cause of the tragedy and have continued to blight the lives of family members ever since. "Collectively, the changes made since the Hillsborough disaster and in response to Rt Reverend James Jones's report aim to ensure the terrible police failures made on the day and in the aftermath can never happen again," he added. Earlier this month, Newcastle United fans complained of "overcrowding and crushing" and a lack of stewarding at the Hillsborough Stadium during their FA Cup match against Sheffield Wednesday at the same Leppings Lane End.

☆ The hunt is on for a tiny radioactive capsule missing in Australia
▼ + stars: | 2023-01-30 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +3 min

Emergency services were first notified last Wednesday, officials said, and alerted the public last Friday. The truck arrived at Perth on Jan. 16, said DFES, while the emergency services were only notified about the missing capsule on Jan. 25 when a gauge was unpacked for inspection. “Upon opening the package, it was found that the gauge was broken apart with one of the four mounting bolts missing and the source itself and all screws on the gauge also missing,” said the emergency services. The Department of Fire and Emergency Services released this diagram showing the missing capsule. Radioactive material is routinely transported around Western Australia, although under strict regulations, and is used commonly in medicine, industry, mining as well as research, Robertson told NBC News in a separate statement Monday.

☆ Wrexham offered potential dream Cup tie with Tottenham
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Jan 30 (Reuters) - Non-league Wrexham could face a dream tie at home to eight-time winners Tottenham Hotspur in the FA Cup fifth round if they can get past Sheffield United in a replay, while Manchester City will travel to Championship (second-tier) side Bristol City. Wrexham, owned by Hollywood stars Ryan Reynolds and Rob McElhenney, played out a thrilling 3-3 draw with visiting Sheffield United on Sunday. The National League (fifth-tier) leaders were only denied a famous victory over the Championship side by a 95th-minute equaliser, forcing a replay scheduled for next month. Manchester United were handed a home tie against third-tier Derby County or fellow top-flight side West Ham United, who meet later on Monday. Brighton & Hove Albion, who knocked out holders Liverpool, will visit Championship side Stoke City.

Some hedge funds, wealth managers, and asset managers are still hiring. Layoffs across industries have been dominating headlines in January, and Wall Street has been no exception. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. Emily Landon, the CEO of the Chicago-based headhunting firm The Crypto Recruiter, pointed to the job board Crypto Careers, which has over 2,400 openings.

☆ Creative green finance can go a long way in 2023
▼ + stars: | 2023-01-23 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

PARIS, Jan 23 (Reuters Breakingviews) - Rich democracies are increasingly keen to help the Global South fight climate change. Though they will struggle to write big cheques, there are ways to make a little cash go a long way. The good news is rich countries have ways to get money flowing without dipping much into their own pockets. One plan is for multilateral development banks (MDBs) to use their balance sheets more aggressively to fight climate change. Rich countries should therefore put more capital into those MDBs that show the most enthusiasm for the task.

☆ Big U.S. banks continue to add jobs as Goldman Sachs cuts staff
▼ + stars: | 2023-01-14 | by ( ) www.cnbc.com time to read: +3 min

The chief financial officers of the two biggest U.S. banks said they would hire selectively despite waning economic growth. JPMorgan's Chief Financial Officer Jeremy Barnum said the bank is still hiring and "in growth mode" in a call with journalists to discuss the bank's fourth-quarter earnings. Bank of America also continues to hire, particularly in wealth management, while also remaining disciplined on its expenses, Chief Financial Officer Alastair Borthwick told reporters on Friday. Citigroup Inc's Chief Financial Officer Mark Mason told an earnings briefing "we're actively hiring to execute against our strategy. The banking giants stood by their hiring plans even as other lenders cut staffing in investment banking and mortgages.

[1/4] A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. The chief financial officers of the two biggest U.S. banks said they would hire selectively despite waning economic growth. JPMorgan's (JPM.N) Chief Financial Officer Jeremy Barnum said the bank is still hiring and "in growth mode" in a call with journalists to discuss the bank's fourth-quarter earnings. Bank of America (BAC.N) also continues to hire, particularly in wealth management, while also remaining disciplined on its expenses, Chief Financial Officer Alastair Borthwick told reporters on Friday. The banking giants stood by their hiring plans even as other lenders cut staffing in investment banking and mortgages.

☆ Newcastle shocked by third-tier Sheffield Wednesday
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

SHEFFIELD, England, Jan 7 (Reuters) - Premier League high-flyers Newcastle United were shocked by third-tier Sheffield Wednesday on Saturday as they suffered a 2-1 away defeat to crash out of the FA Cup in the third round. Newcastle, who sit third in the top flight, fell two goals behind as League One side Sheffield Wednesday’s Josh Windass netted twice in the second half. "It's one of the proudest moments in my managerial career to date," Wednesday manager Darren Moore told the BBC. Newcastle manager Howe highlighted that he thought his team should've made the most of the chances they created. "We have to accept the defeat and Sheffield Wednesday battled for everything, as we did, but it wasn’t to be."

☆ Newcastle stunned but West Ham, Spurs, Leicester progress
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

West Ham secured their ticket to the fourth round after Said Benrahma scored a stunning long-range effort against his former club in a 1-0 win at Brentford. Josh Windass netted twice for Wednesday as they took a two-goal lead over Newcastle in the second half. Yet they did little in the way of replicating the form which saw them lead 2-0 after 43 minutes against West Ham when they met in the Premier League eight days ago. Brentford are now out of both domestic cup competitions, having exited the League Cup after a loss to League Two Gillingham in November. Elsewhere, Premier League sides Bournemouth and Nottingham Forest suffered defeats by Championship teams Burnley and Blackpool respectively.

☆ A betting company boss took a pay cut, but still collected $318 million – making her one of the world's best-paid executives
▼ + stars: | 2023-01-07 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Denise Coates, founder of Bet365, took home at least £263 million in the 12 months to March 2022. Coates has earned about £1.5 billion from the online betting firm since 2016, The Guardian reported. The haul is less than the £300 million Coates collected for the 2021 financial year, and considerably less than the £471 million she took home in 2020. Coates began as a cashier in her father's betting shops in Stoke-on-Trent, England. After correctly predicting that betting would move online, Coates bought the domain Bet365.com for $25,000 in 2000.

☆ Once oil demand picks up, things are going to get very tight, says Pioneer's Sheffield
▼ + stars: | 2023-01-05 | 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 EmailOnce oil demand picks up, things are going to get very tight, says Pioneer's SheffieldCNBC's Brian Sullivan talks to Scott Sheffield of Pioneer Natural Resources about oil supply and what he sees for oil prices over the next year.

☆ CFB roundup: No. 16 Tulane stuns No. 10 USC in Cotton Bowl
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +4 min

16 Tulane scored 16 points in the final 4:07 to notch a dramatic 46-45 victory over No. 10 Southern California to win the Cotton Bowl on Monday at Arlington, Texas. Heisman Trophy winner Caleb Williams did all he could for USC (11-3), completing 37 of 52 passes for 462 yards and five touchdowns. He completed 8 of 21 passes for 95 yards, one touchdown and one interception and rushed for 47 yards on 10 attempts. Bulldogs quarterback Will Rogers completed 29 of 44 passes for 261 yards, one touchdown and two interceptions.

☆ Shale oil wraps up an underwhelming year, girds for lower growth
▼ + stars: | 2022-12-30 | by ( Liz Hampton | ) www.reuters.com time to read: +3 min

SummarySummary Companies U.S. gains stifled by inflation, aging wells, investor demandsWeaker shale oil production growth lies ahead for 2023Dec 30 (Reuters) - The shale oil patch this week closes the door on a disappointing year while bracing for weaker output gains in 2023, hamstrung by rising costs, dwindling reserves and pressures to hold down spending. He predicted 300,000 bpd to 400,000 bpd of increased shale production in 2023. Civitas grew volume about 4% year-over-year, and anticipates similar growth this coming year as it prioritizes free cash flow and balance sheet strength over growth. OLD WELLS PUMP LESSPioneer and other shale producers are experimenting with oil recovery techniques that could eventually squeeze more oil out of older wells. In the near-term, Sheffield warned oilfield inflation, which ran around 10% to 15% this year, will persist and limit production growth.

Last year, the industry handed out the biggest awards since 2006 as the economy roared back from the pandemic. It's a head-spinning reversal for dealmakers who racked up record profits for their firms last year and clinched eye-watering payouts for themselves. Compensation for FICC traders will probably rise slightly or stay flat, said Bell at Sheffield Haworth, while stock traders could see a small drop. Worsening economic conditions have already prompted firms including Morgan Stanley (MS.N) and Citigroup Inc (C.N), to trim their workforces. In the United Kingdom, most big firms are discussing and allocating bonuses now, with decisions not usually announced until early next year.

☆ U.S. Senate Finance Committee asks GM, Tesla, Toyota about Chinese supply chain
▼ + stars: | 2022-12-22 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Dec 22 (Reuters) - The U.S. Senate Finance Committee asked eight major automakers, including General Motors (GM.N), Tesla (TSLA.O), Ford Motor (F.N), and Honda Motor (7267.T), to answer questions about their Chinese supply chains, according to letters made public on Thursday. Senate Finance Committee Chair Ron Wyden wrote the chief executives of major automakers inquiring about Chinese supply chain issues, saying "it is vital that automakers scrutinize their relationships with all suppliers linked to Xinjiang." Beijing denies abuses in Xinjiang, but says it had established "vocational training centers" to curb terrorism, separatism and religious radicalism. "Between raw materials mining/processing and auto parts manufacturing, we found that practically every part of the car would require heightened scrutiny to ensure that it was free of Uyghur forced labor," the report said. GM said Thursday it actively monitors its global supply chain and "conducts extensive due diligence, particularly where we identify or are made aware of potential violations of the law, our agreements, or our policies."

☆ Tesla, Mercedes, and GM are being probed by US Senate on whether they use forced Uyghur labor
▼ + stars: | 2022-12-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

The Senate Finance Committee sent letters to car makers about their links to forced Uyghur labor. The Uyghur Forced Labor Prevention Act bans most imports from the Xinjiang region. The letters also come a year after President Joe Biden signed the Uyghur Forced Labor Prevention Act, which seeks to ban most imports from the Xinjiang region. A Honda spokesperson told Insider that it expects its suppliers to comply with its global sustainability guidelines and "will work with policymakers on these important issues." Volkswagen, Honda, General Motors, and Stellantis previously told Insider that they reject forced labor in their supply chains and take accusations of abuse seriously.

☆ Tesla, GM, Ford questioned by U.S. senator about Chinese supply chains and connections to forced labor
▼ + stars: | 2022-12-22 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

Wyden referenced the Uyghur Forced Labor Prevention Act, which President Joe Biden signed into law last year and took effect in June. The bill says imports from China's Xinjiang region should not be allowed into the country unless the importer can convincingly show the products weren't made with forced labor. The agency said there are up to 1,200 "state-run internment camps" in Xinjiang where forced labor is being used. "Building strong responsible supply chains is an important focus for us," the spokesperson said in a statement. "I recognize automobiles contain numerous parts sourced across the world and are subject to complex supply chains," Wyden wrote.

☆ Be cautious on 'growthy' names, warns VantageRock's Avery Sheffield
▼ + stars: | 2022-12-16 | 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 EmailBe cautious on 'growthy' names, warns VantageRock's Avery SheffieldAvery Sheffield, VantageRock co-founder, joins 'Closing Bell: Overtime' to discuss the big week in the markets and sell-off opportunities.

☆ Watch CNBC’s full interview with VantageRock's Avery Sheffield
▼ + stars: | 2022-12-16 | 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 EmailWatch CNBC’s full interview with VantageRock's Avery SheffieldAvery Sheffield, VantageRock co-founder, joins 'Closing Bell: Overtime' to discuss the big week in the markets and sell-off opportunities.

☆ Ticketmaster is in hot water — again — and facing a fine after an 'unprecedented' number of people were sold fake tickets to a Bad Bunny concert
▼ + stars: | 2022-12-12 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Ticketmaster apologized after an "unprecedented" number of people were sold fake Bad Bunny tickets. It follows Ticketmaster's Taylor Swift debacle last month. The ticketing platform released a statement on Saturday apologizing after an "unprecedented" number of people were sold fake tickets to a Bad Bunny concert in Mexico City. The Bad Bunny fiasco comes soon after Ticketmaster's Taylor Swift debacle. Live Nation has been facing a DOJ antitrust investigation since before the Taylor Swift fiasco, The New York Times reported last month.

☆ Major car companies like Ford, Tesla, and Toyota are at 'high risk' of sourcing parts made by Chinese forced labor, a report finds: 'It's an industry-wide problem'
▼ + stars: | 2022-12-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

A new report found "massive and expanding" links between major car companies and China's Xinjiang region. A year ago, the Uyghur Forced Labor Prevention Act was signed into law, which banned US imports of products made wholly or partly in the Xinjiang region, unless the company could prove they were not using forced labor. "It is not impossible to audit one's supply chain to identify risks"The auto industry's supply chains are "closer to a ball of spaghetti than a linear chain," Simon Croom, professor of supply chain management at the University of San Diego, told Insider. The average automaker may have links to as many as 18,000 suppliers, including their direct suppliers, the suppliers of those suppliers, and so on. Per Croom, while many companies claim to lack full insight into their supply chains, "it is not impossible to audit one's supply chain to identify risks."

☆ Tesla, Volkswagen, and GM might be using metal from factories linked to forced Uyghur labor, researchers say
▼ + stars: | 2022-12-09 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Major car makers are at high risk for exposure to forced Uyghur labor, according to new research. The alleged use of forced labor could disrupt efforts to ethically decarbonize the global supply chain. Other industries, like solar panel manufacturers, have recently been revealed to have similar ties to Uyghur labor. "We reject forced labor and all forms of modern slavery including human trafficking," said Volkswagen. A Honda spokesperson told Insider that it "expects our suppliers to follow our Global Sustainability Guidelines with respect to labor."

☆ UAW calls on automakers to move supply chain out of Xinjiang region
▼ + stars: | 2022-12-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] Police officers patrol in the old city in Kashgar, Xinjiang Uyghur Autonomous Region, China, May 4, 2021. REUTERS/Thomas PeterWASHINGTON, Dec 6 (Reuters) - The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor. "The time is now for the auto industry to establish high-road supply chain models outside the Uyghur Region that protect labor and human rights and the environment," said UAW President Ray Curry. "In some cases, Uyghur forced labor is apparent at multiple steps" of parts manufacturing, mining, refining, pre-fabrication and assembly, it added. Curry called on the U.S. government to "devote the necessary resources to allow Customs and Border Protection (CBP) to effectively identify and ban the importation of products made with forced labor."

U.S. shale production costs are soaring and there is no sign that tight-fisted investors will change their demands for returns rather than investment in expanding drilling. At Helmerich & Payne (HP.N), one of the largest drilling contractors, its R&D budget will rise only $1 million, from 2022's $27 million. The U.S. government expects overall oil production to reach a new peak next year, but it has several times this year cut its forecasts. Shale production declines rapidly after peaking compared to conventional oil wells, falling about 50% after the first year. Lower production rates are "a longer-term prospect," said Mike Oestmann, chief executive of shale producer Tall City Exploration.

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I think alcohol contributes a bit more to hostility, rather than things like catcalling, wolf whistling and sexual harassment," she explained. Alcohol is available in some bars and hotels in Qatar, but there is a conspicuous lack of the kind of consumption usually seen at the world's biggest football tournament. "It's quite a good atmosphere still, even though there's no drink and everyone's being sensible," England fan Emma Smith said. Has the 33-year-old from Sheffield felt safe in Qatar? "Yeah definitely, definitely -- because there's no alcohol involved, it feels really safe," she said.

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