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☆ Odey Asset Management sets out replacement plans for Crispin Odey
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 11 (Reuters) - Odey Asset Management Partnership has started its replacement plan for Crispin Odey after severing "personal and economic involvement" with the founder, following allegations of sexual misconduct, said a letter seen by Reuters on Sunday. Freddie Neave will take over full responsibility of the Odey European Inc (OEI) and OEI Mac funds. James Hanbury will assume leadership of the LP Odey Opus Fund and Oliver Kelton will take the Odey Pan European Fund. Odey Swan Fund will be taken on by Neave as an interim leader before a final fund manager is decided upon by the board, said the letter. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Odey had sexually assaulted or harassed them over a 25-year period.

Persons: Crispin Odey, Freddie Neave, James Hanbury, Oliver Kelton, Neave, Odey, Nell Mackenzie, Marguerita Choy Organizations: Odey, Reuters, Sunday, Pan European, Financial Times, Thomson

LONDON/MADRID, June 11 (Reuters) - Morgan Stanley Infrastructure Partners is poised to buy Sacyr's (SCYR.MC) Valoriza Servicios Medioambientales in a deal that could value the unit at close to 600 million euros ($644.8 million) including debt, people familiar with the matter said. Morgan Stanley Infrastructure has prevailed over other firms in an auction that Valoriza's owner, Spanish construction firm Sacyr, held for the company which started in February, the sources said on Sunday. Valoriza Servicios Medioambientales is specialized in managing a range of services in the waste recycling chain such as collection, treatment and management of waste. Sacyr and Morgan Stanley declined to comment. Sacyr has been advised by Santander and Nomura, while Morgan Stanley Infrastructure Partners was advised by Deutsche Bank, the sources said.

Persons: Morgan Stanley, Valoriza, Sacyr, Morgan, Andres Gonzalez, Corina Pons, Jan Harvey, Marguerita Choy Organizations: Morgan Stanley Infrastructure Partners, Morgan Stanley Infrastructure, Santander, Nomura, Deutsche Bank, Thomson Locations: MADRID, Spanish

REUTERS/Carlos OsorioWINNIPEG, Manitoba, June 11 (Reuters) - The number of wildfires raging out of control across Quebec dropped on Sunday as firefighters in the Canadian province gained the upper hand in some areas, a provincial minister said on Sunday. Quebec Natural Resources Minister Maite Blanchette Vezina said told reporters that the number of out-of-control fires in the eastern province dropped to 44 from 72 on Saturday, the Canadian Broadcasting Corp reported. By Monday, around 1,200 firefighters, including more than 100 from France and some from other provinces, are expected to be battling blazes across Quebec. A federal government meteorologist forecast on Saturday that Quebec could receive light rain on Tuesday in some burning areas. "Last Wednesday, we thought we could close down our emergency control center and come Friday, that idea went out the door when the fires went out of control very drastically," said Luc Mercier, chief administrative officer for Yellowhead County.

Persons: smokey, Carlos Osorio, Maite Blanchette Vezina, Blanchette Vezina, Luc Mercier, Karley, Rod Nickel, Marguerita Choy Organizations: REUTERS, Carlos Osorio WINNIPEG, Quebec Natural Resources, Canadian Broadcasting Corp, Canadian Interagency Forest Fire, Edmonton, Wildfire Service, Thomson Locations: Ontario, Quebec, Toronto , Ontario, Canada, Carlos Osorio WINNIPEG , Manitoba, Canadian, France, New Brunswick, Alberta, Edson, Yellowhead County, Pacific, British Columbia, Tumbler, Winnipeg, Manitoba

☆ Russia shells boats in Ukraine flood rescue, three dead - governor
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +3 min

KYIV, June 11 (Reuters) - Russian forces shelled three small boats taking elderly residents to safety from inundated areas of southern Ukraine, killing three people and wounding 10, the regional governor said on Sunday. Kherson region's Ukrainian-appointed governor, Oleksander Prokudin said Russian forces were "deliberately trying to disrupt rescue efforts". "Today, terrorists opened fire on three boats that were used to rescue 21 people from the flooded (eastern) bank," Prokudin said on Ukrainian television. Russian forces, he said, were now shelling residents seeking evacuation from submerged areas. "(They have) cast people deliberately into flooded towns and villages and then shell boats used to try to evacuate them," Zelenskiy said in his nightly video address.

Persons: Oleksander Prokudin, Prokudin, Volodymyr Zelenskiy, Zelenskiy, Zelenskiy's, Andriy Yermak, Yermak, Tom Balmforth, Pavel Polityuk, Ron Popeski, Andrew Cawthorne, Ros Russell, Marguerita Choy Organizations: Kherson region's, Telegram, Reuters, Thomson Locations: Ukraine, Dnipro, Nova, Kyiv, Moscow, Kherson, Russian, Russia, Ukrainian

☆ Australia bus accident kills 10, police looking for trapped passengers
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

The accident occurred around 11:30 p.m. (1330 GMT) on Sunday near the town of Greta, about 180 kilometres (112 miles) northwest of Sydney, in an area famous for its vineyards and wedding spots. At this stage it appeared to be a single vehicle collision, Chapman said, as police tried to identify all passengers. Police said some people could be trapped beneath the bus, which was lying on its side. The driver of the bus, a 58-year-old man, is under arrest and expected to be charged over the accident. Heavy fog was present in the area when the accident occurred but Chapman said the cause of the accident had not been determined.

Persons: Tracy Chapman, Chapman, Anthony Albanese, Renju Jose, Marguerita Choy, Stephen Coates Organizations: SYDNEY, NSW, Police, Thomson Locations: Hunter, Australia's New South Wales, NSW, Greta, Sydney

MILAN, June 10 (Reuters) - U.S. fund KKR (KKR.N) strengthened its lead in the race to secure the landline grid of Telecom Italia (TIM) (TLIT.MI) when it offered to raise its bid by up to or over 2 billion euros ($2.2 billion), two people with knowledge of the matter said. The value of KKR's offer could top 23 billion euros overall, widening the gap with a rival proposal by a consortium comprising Italian state lender CDP and Australian fund Macquarie (MQG.AX). The improved offer would still be short of a valuation of more than 30 billion euros for the grid sought by TIM's top shareholder Vivendi (VIV.PA). Sources had previously told Reuters that both Labriola and some leading Italian officials already saw KKR as the strongest bidder prior to Friday's proposal. TIM's board meets to review the proposals on June 19 and is expected to take a decision on June 22.

Persons: Pietro Labriola's, Labriola, KKR, Macquarie, Akriti Sharma, Elvira Pollina, Marguerita Choy, Leslie Adler Organizations: MILAN, KKR, Telecom Italia, Macquarie, Vivendi, Reuters, TIM, Thomson Locations: ServCo, NetCo, Bengaluru, Milan

MILAN, June 9 (Reuters) - Telecom Italia (TIM) (TLIT.MI) said on Friday it received two new offers for its landline grid as Italy's biggest telecoms group seeks to resolve the impasse over the sale of its main asset. U.S. fund KKR (KKR.N) and a rival consortium comprising state lender CDP and Australian fund Macquarie (MQG.AX) separately submitted bids for Telecom Italia's network, according to a statement. Debt-crippled TIM had sought improved offers for its most valuable asset after having assessed as not yet adequate the proposals received in May. The antitrust problems are linked to CDP and Macquarie's owning fibre optic wholesale provider Open Fiber. Treasury-owned CDP is the second-largest investor in TIM after France's Vivendi (VIV.PA) with a 10% stake.

Persons: Pietro Labriola's, Akriti Sharma, Elvira Pollina, Marguerita Choy, Leslie Adler Organizations: MILAN, Telecom Italia, KKR, Macquarie, Telecom Italia's, TIM, Treasury, France's Vivendi, Thomson Locations: Bengaluru, Milan

June 9 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since July 2020, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 695 in the week to June 9, the lowest since April 2022. , ,U.S. oil rigs rose one to 556 this week, while gas rigs fell two to 135, their lowest since March 2022. Data provider Enverus, which publishes its own rig count data, said drillers cut nine rigs in the week to June 7, dropping the overall count to 750. That compares with a record 12.3 million bpd in 2019. U.S. gas production, meanwhile, was on track to rise from a record 98.13 billion cubic feet per day (bcfd) in 2022 to 102.74 bcfd in 2023 and 103.04 bcfd in 2024, according to EIA's projection.

Persons: Baker Hughes, Beth McDonald, McDonald, Goldman Sachs, Scott DiSavino, Marguerita Choy Organizations: drillers, Natural Resources, Organization of Petroleum, U.S . Energy Information Administration, Thomson Locations: U.S, Saudi Arabia, Russia

"The Saudi cut lifted prices slightly, and then the chatter of the potential return of Iranian barrels saw a large drop. Oil prices had risen early in the week, buoyed by Saudi Arabia's pledge over the weekend to cut more output on top of the cuts agreed earlier with the Organization of the Petroleum Exporting Countries and its allies. However, a rise in U.S. fuel stocks and weak Chinese export data have weighed on the markets. Some analysts expect oil prices to rise if the U.S. Federal Reserve pauses hiking interest rates at its next meeting over June 13-14. The Fed's decision may also influence Saudi Arabia's next move, analysts said.

Persons: Brent, Giovanni Staunovo, Saudi Arabia's, Rob Haworth, Craig Erlam, Shariq Khan, Shadia Nasralla, Yuka Obayashi, Marguerita Choy, Richard Chang Organizations: Saudi, Brent, U.S . West Texas, Organization of, Petroleum, Northern, U.S, Bank Asset Management, U.S . Federal, Thomson Locations: China, BENGALURU, U.S, Iran, Saudi, US

White House/Handout via REUTERSWASHINGTON, June 9 (Reuters) - The White House said on Friday that Russia appeared to be deepening its defense cooperation with Iran and had received hundreds of one-way attack drones that it is using to strike Ukraine. "We are also concerned that Russia is working with Iran to produce Iranian UAVs from inside Russia." Moscow has denied its forces used Iranian drones in Ukraine. A White House official said Iran had transferred several hundred drones to Russia since August. The advisory highlighted key items sought by Iran for its development of drones, including electronics such as processors and controllers.

Persons: John Kirby, Kirby, Jeff Mason, Steve Holland, Michelle Nichols, Daphne Psaledakis, Heather Timmons, Chizu, Marguerita Choy Organizations: REUTERS, House, Vehicles, Russian, Ukraine, White, United Nations, Security, Iran’s, Thomson Locations: Russia, Russian, Iran, White, REUTERS WASHINGTON, Ukraine, U.S, Alabuga, Moscow, United, Britain, France, Germany

☆ Nigeria's President Tinubu suspends central bank governor
▼ + stars: | 2023-06-09 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

ABUJA, June 9 (Reuters) - Nigeria's President Bola Tinubu has suspended central bank Governor Godwin Emefiele with immediate effect, following ongoing investigation of his office and planned reforms in the financial sector, the head of the government said on Friday. Tinubu criticised Emefiele's handling of the currency and monetary policy at his inauguration last week and called on the central bank to work towards a unified exchange rate. "President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, from office with immediate effect," the government said in a statement. Emefiele has been directed to hand over operations to the deputy governor, who will act as the central bank governor pending the conclusion of investigation and the reforms, the statement said. On Wednesday, the central bank allowed the naira to weaken by 2% on the official market to a record low.

Persons: Bola Tinubu, Godwin Emefiele, Tinubu, Bola Ahmed Tinubu, Mr Godwin Emefiele, Emefiele, Muhammadu Buhari, Felix Onuah, Chijioke Ohuocha, Marguerita Choy, Chris Reese Organizations: Central Bank Governor, Financial, Thomson Locations: ABUJA, Nigeria

June 9 (Reuters) - TriNet Group (TNET.N), an online payroll services provider with a market value of close to $7 billion, is exploring a potential sale of the company, according to people familiar with the matter. The Dublin, California-based company is working with investment bank Morgan Stanley (MS.N) to engage with potential acquirers, the sources said. TriNet shares rose 15% on the news to $111.85 in afternoon trading in New York on Friday. Founded in 1988, TriNet provides a wide range of human resources services to small and medium-sized businesses, including payroll, compliance and tax credit services. TriNet shares are up 44% so far this year, significantly outperforming an 11% return in the Russell 1000 index, as its business benefited from companies continuing to hire despite a spike in inflation.

Persons: Morgan Stanley, Michael Angelakis, TriNet, Milana Vinn, Marguerita Choy, Kirsten Donovan Organizations: TriNet, Comcast, General Atlantic, Federal Reserve, Thomson Locations: Dublin, California, New York, TriNet

White House/Handout via REUTERSWASHINGTON, June 9 (Reuters) - The White House said on Friday that Russia appeared to be deepening its defense cooperation with Iran and had received hundreds of one-way attack drones that it is using to strike Ukraine. "We are also concerned that Russia is working with Iran to produce Iranian UAVs from inside Russia." Moscow has denied its forces used Iranian drones in Ukraine. "We will continue to impose sanctions on the actors involved in the transfer of Iranian military equipment to Russia for use in Ukraine," Kirby said. The advisory highlighted key items sought by Iran for its development of drones, including electronics such as processors and controllers.

Persons: John Kirby, Kirby, Jeff Mason, Steve Holland, Michelle Nichols, Daphne Psaledakis, Heather Timmons, Chizu, Marguerita Choy Organizations: REUTERS, House, Vehicles, Russian, Ukraine, United Nations, Security, Iran’s, Thomson Locations: Russia, Russian, Iran, White, REUTERS WASHINGTON, Ukraine, U.S, Alabuga, Moscow, United, Britain, France, Germany

☆ US solar power installations soar in Q1 on easing panel import gridlock
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake/File PhotoJune 8 (Reuters) - U.S. solar energy installations soared 47% in the first quarter, according to an industry report published on Thursday, as easing panel supplies alleviated industry gridlock and allowed many stalled big projects to be completed and connected to the grid. The solar industry had its best first quarter ever, installing 6.1 gigawatts (GW), an analysis by research firm Wood Mackenzie and the Solar Energy Industries Association (SEIA) trade group found. As a result of the strong quarter, SEIA raised its forecast for the year slightly to 29 GW from 28.4 GW. The report said 12 GW of solar modules were imported in the first quarter compared with 29 GW in all of 2022. The industry, however, is seeing a slowdown in many states due to economic uncertainty, SEIA said, and residential solar installations are only expected to rise 8% this year.

Persons: Mike Blake, Wood Mackenzie, SEIA, Joe Biden's, Nichola, Marguerita Choy Organizations: Hanover Olympic, REUTERS, Solar Energy Industries Association, Homeowners, Thomson Locations: Hanover, Los Angeles , California, U.S, Florida, California

☆ Peru extradites Dutch murderer in case of missing Alabama teen
▼ + stars: | 2023-06-08 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

Joran Van der Sloot, a Dutch national from the Caribbean island of Aruba, has departed for the U.S. from a Peruvian Air Force base. Holloway's remains have never been found, though an Alabama judge declared her legally deceased in 2012, without settling the case. The young student was last seen in Aruba with Van der Sloot and another man. Van der Sloot, 35, is accused of extortion and fraud for offering Holloway's family false information about the whereabouts of the teenager, according to U.S. authorities. Van der Sloot was convicted in 2012 to 28 years in prison in Peru after he confessed to beating, strangling and suffocating a 21-year-old Peruvian business student in 2010.

Persons: Joran van der Sloot, Natalee Holloway, Read, Joran Van der Sloot, Carlos Lopez, Interpol Lima, Van der Sloot, Lopez, Marco Aquino, Lucinda Elliott, Peter Graff, Jonathan Oatis, Marguerita Choy Organizations: Peruvian, Peruvian Air Force, Interpol, Peru's, Ministers, Thomson Locations: Peru, U.S, LIMA, Alabama, Caribbean, Aruba, United States, Dutch, Lima, Birmingham , Alabama, Van

Electricity generation from hydro power sources has fallen in Asia, Europe and North America over the opening months of 2023 from the same period in 2022, crimping a key source of clean power generation for electricity providers. China, the top global hydro power, alone has 30% of global capacity, but in the opening months of 2023 has seen hydro generation fall 7.2% from the same period in 2022 due to reduced precipitation and hot, dry conditions in key hydro hubs in the Yunnan province. In contrast, hydro output in Japan has increased by nearly 16% from year-before levels, Ember data shows. EUROPE'S MIXED BAGEurope has around 22% of global hydro generation capacity, and has had a mixed hydro output record so far in 2023. In contrast, hydro output in Latin America is trending above year-ago levels, with Brazil, the third largest hydro producer globally, seeing production run around 3.4% above 2022's levels, and Colombia experiencing a roughly 10% increase.

Persons: crimping, EUROPE'S, Ember, Gavin Maguire, Marguerita Choy Organizations: Hydro, Europe, SOUTH AMERICA, Global, Reuters, Thomson Locations: LITTLETON , Colorado, Nova, Ukraine, Asia, Europe, North America, Russia, China, U.S, India, Vietnam, Turkey, Yunnan, Asia's, Japan, Norway, Sweden, France, Italy, Switzerland, Austria, SOUTH AMERICA Canada, North, Washington , Arizona , Nevada, Colorado, America, Brazil, Colombia

Companies Boeing Co FollowJune 7 (Reuters) - Boeing (BA.N) was sued on Wednesday by a Colorado company that accused the aerospace giant of stealing trade secrets for NASA's Space Launch System rocket, and then building components with "critical" safety flaws that could endanger astronauts. "Boeing has captured billions of dollars in revenue because of the infringement of Wilson's trade secrets," and must turn over "all revenues and profits Boeing has obtained as a result," the complaint said. Wilson also said Boeing stole trade secrets related to bolt installation tools for its 787 Dreamliner aircraft. Boeing has described NASA's Space Launch System as the most powerful rocket ever built, and "the backbone for a permanent human presence in deep space." The case is Wilson Aerospace LLC v Boeing Co, U.S. District Court, Western District of Washington, No.

Persons: Wilson, David Wilson, Jonathan Stempel, Marguerita Choy Organizations: Boeing Co, Boeing, Wilson Aerospace, NASA, National Aeronautics and Space Administration, Western District of Washington, Thomson Locations: Colorado, Seattle, Arlington , Virginia, Fort Collins , Colorado, Western District, New York

☆ Uganda's President Museveni tests positive for COVID -health official
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

NAIROBI, June 7 (Reuters) - Uganda's President Yoweri Museveni has tested positive for COVID-19, is in good health and will continue his duties, while getting treatment, a senior health ministry official said late on Wednesday. "Today ...the President tested positive for COVID-19. He said two of three tests he had done were negative, and he was waiting for the outcome of another. That is why you saw me coming in separate cars with Mama," Museveni said, referring to the First Lady Janet Museveni, who accompanied him to parliament. Reporting by George Obulutsa Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoweri Museveni, Diane Atwine, COVID, Museveni, Lady Janet Museveni, George Obulutsa, Marguerita Choy Organizations: Twitter, COVID, Thomson Locations: NAIROBI, Museveni, Uganda

The exchange offers spot and derivatives trading and a host of services from non-fungible tokens (NFTs) to crypto loans and asset management. FINANCESBinance's global trading platform, Binance.com, is by far the world's biggest cryptocurrency exchange. Last year it processed crypto trades worth about $65 billion a day, Binance said, dominating the crypto trading landscape with more than half of the market, CryptoCompare data shows. Binance last year extended its reach beyond the crypto sector in 2022, investing $500 million in Tesla boss Elon Musk's takeover of Twitter. A top Binance executive told the Wall Street Journal in February that the company expected to pay penalties to resolve U.S. investigations.

Persons: Changpeng Zhao, Binance, Zhao, Yi He, Yi, Noah Perlman, Morgan Stanley, Richard Teng, Teng, Elon Musk's, Cristiano Ronaldo, Tom Wilson, Hannah Lang, Marguerita Choy, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, U.S . Commodity Futures Trading Commission, Binance, Reuters, Twitter, Lazio, Argentina national, of Nations, U.S, Justice, Wall Street, Thomson Locations: WASHINGTON, U.S, Shanghai, Tokyo, Malta, Cayman Islands, Canadian, China, United States, Italian, London, Washington

☆ US calls Roger Waters performance in Berlin 'deeply offensive to Jewish people'
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pink Floyd co-founder Roger Waters performs during his This Is Not a Drill tour at Crypto.com Arena in Los Angeles, California, U.S., September 27, 2022. REUTERS/Mario Anzuoni/File PhotoWASHINGTON, June 6 (Reuters) - The U.S. State Department on Tuesday weighed in on a controversy over a performance by Pink Floyd co-founder Roger Waters, denouncing the show in Berlin as "deeply offensive to Jewish people" and accusing Waters of having a record of using antisemitic tropes. Berlin police said they were investigating Waters on suspicion of "incitement of the people." loadingIn comments sent by email and not attributed to a named official, the State Department stood by Lipstadt's comment, and said Waters' Berlin concert "contained imagery that is deeply offensive to Jewish people and minimized the Holocaust." "The artist in question has a long track record of using antisemitic tropes to denigrate Jewish people," the department added.

Persons: Pink Floyd, Roger Waters, Mario Anzuoni, Waters, Deborah Lipstadt, Lipstadt's, Pink Floyd's, Simon Lewis, Marguerita Choy Organizations: Pink, Crypto.com Arena, REUTERS, WASHINGTON, U.S . State Department, State Department, Twitter, UN Security Council, Thomson Locations: Los Angeles , California, U.S, Berlin, European, Israel

The judge asked for weekly updates, and said he would reschedule the trial if an agreement is not reached within 21 days. 3M spokesperson Sean Lynch said in a statement the parties are "making material and significant progress toward a resolution of this matter." [1/2] The 3M Global Headquarters in Maplewood, Minnesota, U.S. is photographed on March 4, 2020. It has said in court documents that PFAS have not been linked with health problems at the levels being discovered in drinking water. Bloomberg News reported last Friday that 3M had struck a tentative $10 billion deal with U.S. cities and towns to resolve the PFAS water pollution lawsuits it is facing.

Persons: Stuart, Richard Gergel, Paul Napoli, Sean Lynch, Nicholas Pfosi, Maria Ponnezhath, Clark Mindock, Juby Babu, Akanksha Khushi, Aishwarya Nair, Kim Coghill, Sonali Paul, Sriraj, Devika Syamnath, Alexia Garamfalvi, Marguerita Choy Organizations: 3M, District, Napoli, 3M Global, REUTERS, Bloomberg News, Environmental Protection Agency, DuPont de Nemours Inc, Corteva Inc, Thomson Locations: U.S, Florida, Charleston , South Carolina, South Carolina, Stuart , Florida, Maplewood , Minnesota, Bengaluru, New York

The S&P 500 on Friday closed at its highest level in over nine months after a report showed that wage growth moderated in May. The S&P 500 declined 0.20% to end the session at 4,273.79 points. Of the 11 S&P 500 sector indexes, seven declined, led lower by industrials (.SPLRCI), down 0.71%, followed by a 0.58% loss in energy (.SPNY). Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 1.5-to-one ratio. The S&P 500 posted 17 new highs and four new lows; the Nasdaq recorded 90 new highs and 54 new lows.

Persons: Tim Ghriskey, Ingalls, Snyder, Sruthi Shankar, Shristi, Noel Randewich, Marguerita Choy Organizations: Alto Networks, Nasdaq, Dow, U.S . Federal, Apple, Apple Inc, Pro, Nvidia Corp, Tesla Inc, Nvidia, Microsoft Corp, Institute for Supply Management, Fed, Traders, Dow Jones, Palo Alto Networks, Dish Network Corp, Big, Wall Street Journal, Thomson Locations: China, U.S, New York, Palo, Big U.S, Bengaluru, Oakland, Calif

☆ Atmospheric CO2 now 50% higher than pre-industrial level -NOAA
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

Measurements are taken in May because it is the month when CO2 peaks in the Northern Hemisphere. The outpost on Mauna Loa has measured atmospheric CO2 since 1958, when the level was less than 320 ppm, and shown a steady increase since then in what NOAA Administrator Rick Spinrad called "a direct result of human activity." NOAA began collaborating with Scripps on the measurements in 1974. This year's measurements were taken from a temporary site because lava flows cut off access to the Mauna Loa observatory in November 2022, NOAA said. (This story has been corrected to change NOAA's previously reported figure as 424 ppm and not 423 ppm, in paragraph 2.

Persons: Rick Spinrad, David Keeling, Keeling's, geochemist Ralph Keeling, Keeling, Daniel Trotta, Marguerita Choy Organizations: U.S . National Oceanic, Atmospheric Administration, Scripps Institute of Oceanography, Scripps, Northern Hemisphere, NOAA, Thomson Locations: Mauna Loa, Loa

☆ OPEC denies media access to Reuters, Bloomberg, WSJ for weekend policy meets
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Leonhard FoegerVIENNA, June 2 (Reuters) - OPEC has denied media access to reporters from Reuters, Bloomberg and the Wall Street Journal to report on oil policy meetings in Vienna this weekend, reporters, Bloomberg and people familiar with the matter said on Friday. OPEC staff declined on Friday to give media accreditation to Reuters journalists to cover the event. The staff handling media accreditation at one of Vienna's luxury hotels said they could not issue accreditation without an invite. A Bloomberg spokesperson confirmed on Friday the company has not been given accreditation to cover the OPEC meeting. Reporters from the three outlets, many of whom have been covering OPEC meetings for years, did not receive invitations from OPEC ahead of the meeting.

Persons: Leonhard Foeger VIENNA, Platts, Alex Lawler, Dmitry Zhdannikov, Ahmad Ghaddar, Julia Payne, Maha El, Simon Webb, Marguerita Choy Organizations: Organization of, Petroleum, REUTERS, OPEC, Reuters, Bloomberg, Wall Street Journal, of, Thomson Reuters Corp, Thomson, Street, Argus Locations: Vienna, Austria, OPEC, Saudi Arabia, Russia

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