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Injection pens and boxes of Novo Nordisk's weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, November 21, 2023. REUTERS/Victoria Klesty/Illustration Acquire Licensing RightsSummaryCompanies Novo racing to meet demand for obesity drugsObesity market to reach $100 billion by 2030-analystsNew investment in France will boost capacity for obesity, diabetes drugsPARIS/LONDON Nov 23 (Reuters) - Novo Nordisk (NOVOb.CO) on Thursday announced a $2.3 billion investment to boost production of its wildly popular weight-loss and diabetes drugs at a site in Chartres, France as it races to meet soaring demand. There is a growing crisis in Europe over supply of diabetes therapy Ozempic, which uses the same ingredient semaglutide as the hugely popular weight-loss drug Wegovy, which is not yet widely available in Europe. Thursday's announcement comes after Novo earlier this month announced a $6 billion investment in its native Denmark to boost production. Analysts have estimated the obesity drug market will be worth as much as $100 billion by 2030.
Persons: Victoria Klesty, Danish drugmaker, Emmanuel Macron, Lars Fruergaard Jorgensen, Eli Lilly, Novo, Anna Ringstrom, Ludwig Burger, Terje Solsvik, David Goodman, Emelia Organizations: REUTERS, Novo Nordisk, WIN, French, Thomson Locations: Oslo, Norway, Victoria, France, PARIS, Chartres, Danish, Europe, Union, Germany, Belgium, Denmark, U.S, Paris
The use of weight-loss drugs such as Ozempic is poised to change consumer consumption patterns, but not every food-related company will get hit in the same way, according to Morgan Stanley. Fast food restaurants were especially vulnerable. "Shoppers with obesity spend more at large fast food brands and, on a relative basis, less at fast casual restaurants and casual diners," Morgan Stanley said. One stock that is closer to a risky pure play is McDonald's , which is second highest on the list, according to the Morgan Stanley research. Low cost retailers like Walmart and snack and beverage companies like Pepsico are also exposed, according to the Morgan Stanley research.
Persons: Morgan Stanley, Eli Lilly, Pamela Kaufman, Kaufman, Tim Hortons, Burger, Taco Bell, — CNBC's Michael Bloom Organizations: Novo Nordisk, Denmark's Novo Nordisk, Restaurant Brands, Yum Brands, Walmart, Pepsico Locations: U.S
Novo Nordisk makes Ozempic and Wegovy, two hit drugs that treat obesity. In the past two weeks, it's announced more than $8 billion in manufacturing investments. AdvertisementNovo Nordisk, maker of the popular anti-obesity drugs Ozempic and Wegovy, is investing billions to ramp up production capacity amid surging demand. The move comes just after Novo Nordisk unveiled plans to shell out over $6 billion to expand manufacturing capacity in Denmark. That money will go toward increasing production capacity for semaglutide, the key ingredient in Ozempic and related medications.
Persons: it's, , Ozempic, Emmanuel Macron, Eli Lilly, David Ricks, Lilly, Goldman Sachs Organizations: Novo Nordisk, Service Locations: France, Chartres, Denmark, Europe, Novo
Handout via REUTERS/File photo Acquire Licensing RightsSummaryCompanies Ozempic shortages expected throughout 2024Victoza shortages expected until at least Q2 2024Diabetes drug Ozempic used 'off label' to treat obesityNov 21 (Reuters) - Novo Nordisk (NOVOb.CO) will ration starter kits of Ozempic in Europe and reduce supplies of another diabetes drug, Victoza, to prioritise producing Ozempic, which has seen a surge in demand from people using it to lose weight. Ozempic contains semaglutide, an ingredient in Novo's hugely popular anti-obesity drug Wegovy. Intermittent Ozempic shortages are expected throughout 2024, while Victoza shortages are expected at least until the second quarter of 2024, according to the statement on the EMA's website. "No new patients should be started on Victoza until at least Q2 2024 when supply is expected to normalise," Novo urged doctors in the document. It also told doctors to consider other injectable GLP-1 drugs or "other suitable alternatives" where Ozempic or Victoza are not available for patients.
Persons: Ozempic, hasn't, Novo, Eli Lilly's, tirzepatide, Ludwig Burger, Eva Mathews, Emelia Sithole, Mark Potter Organizations: Handout, REUTERS, Diabetes, Novo Nordisk, European Medicines Agency, EU, Thomson Locations: Novo, London, Britain, Europe, Danish, United States, France, Austria, Belgium, Germany, Wegovy, Norway, Denmark, EU
Russia may seek compensation over Nord Stream blasts - RIA
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +1 min
Gas bubbles from the Nord Stream 2 leak reaching surface of the Baltic Sea in the area shows disturbance of well over one kilometre diameter near Bornholm, Denmark, September 27, 2022. Danish Defence Command/Handout via REUTERS/File Photo Acquire Licensing RightsNov 21 (Reuters) - Russia is waiting for the outcome of an investigation into the sabotage of the Nord Stream gas pipelines before making any request for compensation, the RIA state news agency cited a foreign ministry official as saying on Tuesday. The pipelines under the Baltic Sea were damaged in explosions last year, and investigations have yet to establish who was responsible. Russia has blamed the United States, Britain, and Ukraine for the blasts which largely cut it off from the lucrative European market. The United Nations Security Council has refused to carry out its own investigation into the incident, leaving it to the governments of Sweden, Denmark and Germany.
Persons: Dmitry Birichevsky, Mark Trevelyan Organizations: Danish Defence Command, REUTERS, United Nations, Security, United Nations Security Council, Reuters, Thomson Locations: Baltic, Bornholm, Denmark, Russia, Nord, United States, Britain, Ukraine, Sweden, Germany
US pension plans lose bid to block cum-ex tax fraud case
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +2 min
COPENHAGEN, Nov 21 (Reuters) - A group of U.S. pension plans has lost a bid to block Denmark's tax agency from pursuing millions of dollars from them in a "cum-ex" tax fraud case after a judge in a New York district court ruled the trial could proceed. Danish tax agency in 2018 filed civil lawsuits in federal district courts across the United States, accusing more than 100 retirement and pension plans of inflating the size of their Danish stock holdings in order to obtain higher tax refunds. In a bellwether trial in the New York court to help anticipate the results of future similar cases, the judge rejected arguments brought by seven defendants, meaning the Danish tax authority can proceed with its case. The second bellwether defendant group is the Solo group, which includes five U.S.-based pension plans, a lawyer, two trusts and their trustees. The Danish tax agency claims that British hedge fund trader Sanjay Shah masterminded a fraudulent scheme that involved submitting wrongful applications for dividend tax refunds on behalf of investors and companies around the world between 2012 and 2015.
Persons: Sanjay Shah, Shah, Bech, Bruun, Jacob Gronholt, Pedersen, David Evans Organizations: F Man Capital, Thomson Locations: COPENHAGEN, New York, Danish, United States, Denmark, Germany, Belgium, Dubai, London
Slovenia qualify for Euro 2024 after victory over Kazakhstan
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +1 min
Nov 20 (Reuters) - Benjamin Verbic scored a late winner as Slovenia secured qualification for the Euro 2024 finals in Germany, but opponents Kazakhstan will have to earn their place through March's playoffs following the 2-1 loss in Ljubljana on Monday. Slovenia finish runners-up in qualification Group H behind Denmark on head-to-head record. Kazakhstan needed victory for a first ever qualification, but knew they had secured a playoff spot at least before kick-off following their promotion to League B of the 2024-25 Nations League. Slovenia were awarded a penalty late in the first half after a Video Assistant Referee review when Yan Vorogovskiy fouled Petar Stojanovic in the box. Reporting by Nick Said Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
Persons: Benjamin Verbic, Yan Vorogovskiy, Petar Stojanovic, Benjamin Sesko, Ramazan Orazov, Maksim, Jaka Bijol, Islambek Kuat, Nick Said, Christian Radnedge Organizations: Slovenia, Kazakhstan, League B, Nations League, Thomson Locations: Germany, Ljubljana, Denmark, South Africa, Kazakhstan, Maksim Samorodov’s
The poster child for the wind-power revolution was supposed to help build America’s clean-energy future. Its messy pullback from the Northeast is threatening those aspirations. Denmark’s national oil-and-gas company, now known as Ørsted , bet big on renewables a decade ago. It renounced fossil fuels, renamed itself after a 19th-century physicist and embarked on a debt-fueled expansion, becoming the biggest offshore-wind developer outside China. Surfing investor enthusiasm for all things green, Ørsted surpassed BP in market value early in the pandemic.
Persons: Ørsted Organizations: BP Locations: China
Under the Paris Agreement, world leaders vowed to hold global warming to “well below” 2 degrees Celsius, and preferably closer to 1.5 degrees Celsius, in order to limit the risks from climate catastrophes. The planet has already warmed roughly 1.2 degrees Celsius. To stay below 2 degrees Celsius, global emissions would need to fall roughly 29 percent between now and 2030. To stay at 1.5 degrees, global emissions would need to fall about 43 percent. Earth will keep getting hotter and temperature records will keep getting shattered, scientists say, until countries manage to reduce their emissions down to nearly zero.
Persons: don’t, they’ve, , Anne Olhoff Locations: Paris, Denmark
CNN —Losing a golf club in a tree? The Dutch golfer had already been enduring a Sunday to forget at the season-ending DP World Tour Championship in Dubai when his drive from the ninth tee went sailing left into a bunker. “Taking tree trouble to the next level,” posted the DP World Tour on its X account. Three birdies in a row soon followed but ultimately came too little too late, as a final round one-over 73 saw Luiten sign off at three-over overall, 48th of the 50-player field. “I was frustrated, one of those weeks [when] nothing went my way,” Luiten told reporters.
Persons: Joost Luiten, Luiten, , Melanie, Jane, ” Luiten, ” Denmark’s Nicolai Hojgaard, Giuseppe Cacace, Tommy Fleetwood, Viktor Hovland, Matt Wallace, ” Hojgaard Organizations: CNN, , Hojgaard, Getty, Ryder Locations: Dubai, AFP
Carbon emissions from the burning of coal, oil and gas rose 1.2% last year, the report said. Through the end of September, the daily global average temperature exceeded 1.5 degrees Celsius above mid-19th century levels on 86 days this year, the report said. On Friday, the globe hit 2 degrees Celsius (3.6 degrees) above pre-industrial levels for the first time in recorded history, according to Copernicus Deputy Director Samantha Burgess. That sounds like a lot, but the world in 2022 spewed 57.4 billion metric tons of greenhouse gases and to limit warming to the 1.5 degree mark emissions in 2030 have to be down to 33 billion metric tons. Because the world has already warmed nearly 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century, the report’s projections would mean another 1.3 to 1.7 degrees Celsius (2.3 to 3.1 degrees Fahrenheit) warming by the end of this century.
Persons: Samantha Burgess, , Anne Olhoff, Olhoff, hasn’t, Antonio Guterres, ” Olhoff, Niklas Hohne, Bill Hare, Guterres, “ It’s, ___ Read, Seth Borenstein Organizations: United, United Nations, New Climate Institute, Twitter, AP Locations: United Nations, Paris, United States, Europe, Germany
How Electricity Is Changing Around the World
  + stars: | 2023-11-20 | by ( Nadja Popovich | ) www.nytimes.com   time to read: +9 min
Fossil Clean Fossil CleanWorld electricity generationHow Electricity Is Changing Around the WorldCarbon-free electricity has never been more plentiful. Where Fossil-Fueled Power Is Still Growing Today trend Over Last Decade Declining fossil power Mostly clean already Plateau or other trend Rising fossil power Circles are sized by the amount of total power generated by each country in 2021-22. trend Over Last Decade Mostly clean already Declining fossil power Plateau or other trend Rising fossil power Circles are sized by the amount of total power generated by each country in 2021-22. Note: Total generation data is shown through 2022 for the countries that have power generation data available through that year. (The country’s per person electricity generation is still much lower than America’s.) “But the upfront cost is a barrier.”Millions of people around the world also continue to go without access to any form of electricity.
Persons: It’s, , Dave Jones, , Faran Rana, Nancy Haegel Organizations: Nuclear, Wind, Oil Gas Coal United States European Union United, United, Oil Gas Coal, Energy, International Renewable Energy Agency, United States, National Renewable Energy Laboratory, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine United Arab Emirates United Kingdom United Locations: China, India, United States, Europe, London, Oil Gas Coal United States European Union United Kingdom Australia, Australia, Oil Gas Coal China India Indonesia Malaysia, Asia, Indonesia, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine United Arab Emirates United Kingdom United States Vietnam
Russia has been using so-called "ghost ships" to skirt the West's oil price cap. Russia sends millions of barrels of crude oil through a choke point at the Danish straits, per the outlet. AdvertisementRussian oil tankers could face a crackdown at a key choke point, according to the Financial Times. But Denmark could struggle to stop the ghost ships because of constraints on its own navy, according to maritime experts. Blocking commercial traffic in the Danish straits would come close to a declaration of war," Hans Peter Michaelsen, an independent defense analyst, told Reuters.
Persons: , Hans Peter Michaelsen Organizations: EU, Financial Times, Service, European Union, KSE, Bloomberg, FT, UN, Reuters Locations: Russia, Denmark, Moscow, Saint Petersburg, EU, Danish
Explainer: What’s behind the scramble for semaglutide?
  + stars: | 2023-11-18 | by ( Maggie Fick | ) www.reuters.com   time to read: +3 min
Semaglutide, developed by Novo Nordisk (NOVOb.CO) over decades, is the active ingredient in type 2 diabetes treatments Ozempic and Rybelsus, as well as Wegovy, which is used for weight loss only. Semaglutide in injected form was first approved for use in the U.S. as a treatment for type 2 diabetes in 2017. Booming demand for both drugs has propelled Novo Nordisk to its highest-ever profits. People taking part in clinical trials for drugs based on semaglutide may also continue to take it. The curbs will be in force until August 2024, but may end sooner if supplies improve, a spokesperson for the health ministry said.
Persons: Maggie Fick, Marine Strauss, Charlotte Van Campenhout, Josephine Mason, Sara Ledwith Organizations: Novo Nordisk, World Health Organization, International Diabetes Foundation, Supply, BMI, Thomson Locations: Britain, Germany, Belgium, United States, U.S, Denmark, Brussels
That’s a serious question, but with a delightfully nonsensical answer: All served as inspiration for national costumes on display during the 2023 Miss Universe pageant’s preliminary competition. (Specifically, those were the looks donned by Miss Great Britain, Miss Philippines, Miss Dominican Republic and, yes, Miss Switzerland.) Eighty-four countries are represented at this year’s Miss Universe, which is taking place in the El Salvadoran capital of San Salvador. Miss Nepal, Jane Garrett, is one of the first “curvy” women to compete at Miss Universe; Erica Robin, meanwhile, is the first woman to represent Pakistan at the pageant. Hector Vivas/Getty ImagesTrue to form for the competition, Miss France ventured into Moulin Rouge's costume department.
Persons: Miss Great, Miss Nepal, Jane Garrett, Erica Robin, R’Bonney Gabriel, Hector Vivas, Miss Brazil, El Salvador's, Alex Peña, Ireland's, carnations, Miss Nigeria's, Miss Curaçao's, Marina Machete, Miss Malaysia, Serena Lee, Jordanne Levy, Moulin, Anntonia Porsild, Bryoni Natalie Govender, Miss Mongolia's Organizations: CNN, Swiss Guard, Miss, El, Oxford English, Miss Netherlands, Games, country's Air Force, Images Locations: Miss Great Britain, Miss Philippines, Miss Dominican Republic, Miss Switzerland, El Salvadoran, San Salvador, Netherlands, Portugal, Miss, Pakistan, USA, Miss Iceland, Venezuelan American, Costa Rica, Miss Portugal, Honduras, Jamaica, Thailand, South Africa
Earlier this month, she said the U.S. offshore wind industry was "fundamentally broken" after BP wrote down $540 million on its wind power projects offshore New York, blaming inflation and red tape that meant projects ran over budget and over time. Globally, the renewables sector has been undermined by slow permitting, technological challenges, rising raw material costs and higher costs of capital. As BP seeks to guarantee it can meet its internal returns target of 6% to 8% on renewables projects, Dotzenrath said BP was working out how to reduce costs globally. You need one of the local energy suppliers to help you push ahead with the permitting processes and establish the onshore grid connection," she said. BP does not produce electrolysers, which split water to produce hydrogen, but Dotzenrath said did not rule out greater involvement.
Persons: Chris Helgren, Anja, Isabel Dotzenrath, Norway's Equinor, Denmark's, Dotzenrath, we'll, Chancellor Olaf Scholz, Thyssenkrupp, Christoph Steitz, Ron Bousso, Barbara Lewis Organizations: BP, REUTERS, Reuters, Siemens Energy, BASF, Thomson Locations: Vancouver , British Columbia, Canada, LONDON, Japan, U.S, New York, U.S.A, Germany
TURIN, Nov 16 (Reuters) - World number one Novak Djokovic beat ATP Finals alternate Hubert Hurkacz 7-6(1) 4-6 6-1 in their Green Group clash on Thursday but the six-time champion will be sweating over semi-final qualification. Djokovic will have to wait for the final group match between Sinner and Denmark's Holger Rune later on Thursday to learn his fate. But at 6-5 down, Djokovic switched gears and won 10 points in a row to take the contest into a tiebreak, setting up six set points in the blink of an eye. Although Hurkacz saved one set point, the Serbian closed out the set to take the upper hand. Although the Poler hit more winners than Djokovic, he also made 41 unforced errors which proved to be the difference.
Persons: Novak Djokovic, Hubert Hurkacz, Djokovic's, Hurkacz, Stefanos Tsitsipas, Jannik, Djokovic, Denmark's Holger Rune, Rune, Poland's Hurkacz, unreturned, Rohith Nair, Ken Ferris Organizations: ATP, Group, Thomson Locations: TURIN, Turin, Serbian, Bengaluru
Britain solves half of its wind power problem
  + stars: | 2023-11-16 | by ( George Hay | ) www.reuters.com   time to read: +4 min
REUTERS/Andrew Boyers Acquire Licensing RightsLONDON, Nov 16 (Reuters Breakingviews) - Maybe UK wind isn’t a busted flush after all. Britain needs 50 gigawatts (GW) of offshore wind by 2030, against 14 GW completed now and around 13 GW in development. It will also increase by 52% for floating offshore wind projects, from 116 pounds per MWh to 176 pounds per MWh. In AR6, offshore wind will also be given a separate funding pot in recognition of the high number of projects ready to participate. The UK aims to deliver 50 gigawatts (GW) of offshore wind by 2030, including up to 5 GW of floating offshore wind.
Persons: Andrew Boyers, Sweden’s Vattenfall, Jefferies, Denmark’s, LCPDelta, Neil Unmack, Streisand Neto Organizations: REUTERS, Reuters, Jefferies, Grantham Research, Thomson Locations: Watchfield, Swindon, Britain, British
Their departure leaves Zoo Atlanta as the only other US zoo to feature pandas from China. “Recently, the three pandas at Smithsonian’s National Zoo in Washington D.C. have returned to China. The Chinese leader did not offer additional details on where any future Chinese pandas might be sent, but suggested California would be the most likely destination. The San Diego Zoo returned its last two pandas to China in 2019, after the loan agreement concluded. It’s also the Chinese leader’s first trip to the US in more than six years.
Persons: Xi Jinping, ” Xi, , Xi, Joe Biden, Richard Nixon’s, Tian Tian, Mei Xiang, Xiao Qi Ji –, It’s, Biden Organizations: CNN, San Diego Zoo, Beijing –, Smithsonian National Zoo, Smithsonian National, Zoo, Asia Pacific Economic Cooperation Locations: China, United States, San Francisco, Beijing, Europe, Germany, Netherlands, Denmark, Finland, Qatar, Washington ,, Zoo Atlanta, Washington, California, Bali , Indonesia
[1/2] The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. U.S. crude stocks rose by 3.6 million barrels last week to 421.9 million barrels, according to the U.S. Energy Information Administration (EIA), far exceeding analysts' expectations in a Reuters poll for a 1.8 million-barrel rise. Diesel inventories fell more than expected at 1.4 million barrels. The International Energy Agency on Tuesday joined OPEC in raising oil demand growth forecasts for this year, despite projections of slower economic growth in many major countries. European Union diplomats said Russian oil tankers are not targeted in the European Commission's proposal for tightening implementation of a price cap on the country's crude oil.
Persons: Angus Mordant, Brent, John Kilduff, Arathy Somasekhar, Paul Carsten, Sudarshan Varadhan, Laura Sanicola, Marguerita Choy, David Gregorio Our Organizations: REUTERS, HOUSTON, . West Texas, U.S . Energy Information Administration, Organization of, Petroleum, International Energy Agency, Tuesday, Financial Times, Thomson Locations: Loving County , Texas, U.S, contango, Asia, New York, Saudi Arabia, Russia, OPEC, Denmark, Houston, London
U.S. crude stocks rose by 3.6 million barrels in the last week to 421.9 million barrels, according to the U.S. Energy Information Administration (EIA), far exceeding analysts' expectations in a Reuters poll for a 1.8 million-barrel rise. U.S. domestic crude production stayed at a record 13.2 million barrels per day, the data showed. In an indication of strong demand, gasoline stocks saw a surprise draw of 1.5 million barrels, while diesel stocks drew more than expected at 1.4 million barrels. American Petroleum Institute figures on Tuesday had showed rising crude oil and gasoline inventories last week, according to market sources. Downward pressure on oil prices may come from the supply side, with the United States "likely at peak production for crude," while the delayed release of its oil data makes the investment situation more opaque, Evans said.
Persons: Agustin Marcarian, Brent, John Evans, PVM, Evans, Arathy Somasekhar, Paul Carsten, Sudarshan Varadhan, Laura Sanicola, Raju Gopalakrishnan, Mark Potter, Jane Merriman, Emelia, Alexandra Hudson Organizations: REUTERS, HOUSTON, . West Texas, U.S . Energy Information Administration, American Petroleum Institute, International Energy Agency, Organization of, Petroleum, Financial Times, European Union, Alexandra Hudson Our, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Denmark, U.S, China, United States, Houston, London
Elon Musk denies report of potential Starlink IPO in 2024
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +1 min
[1/2] SpaceX Starlink 5 satellites are pictured in the sky seen from Svendborg on South Funen, Denmark April 21, 2020. Ritzau Scanpix/Mads Claus Rasmussen via REUTERS Acquire Licensing RightsNov 15 (Reuters) - Elon Musk on Wednesday denied a report that his rocket company SpaceX was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024. The billionaire entrepreneur has previously said he intended to list Starlink when revenue growth and cash flow became smooth and predictable. The Starlink unit is the world's largest satellite operator. "I believe he (Musk) will take Starlink out, not next year, but maybe 2025, 2026.
Persons: Ritzau Scanpix, Mads Claus Rasmussen, Elon Musk, Starlink, Jeff Bezos, He's, Justus Parmar, Parmar, Niket Nishant, Akash Sriram, Anil D'Silva, Arun Koyyur Organizations: SpaceX, REUTERS Acquire, Bloomberg, Fortuna Investments, Thomson Locations: Svendborg, South Funen, Denmark, Mexico, Bengaluru
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSummary Denmark could block Russian tankers in its waters -FTUS oil supply could be keeping prices down -analystInflation cools in US, UKLONDON, Nov 15 (Reuters) - Oil prices dipped on Wednesday amid signs the United States, the world's biggest oil producer, is at peak production, offsetting positive crude demand signals from top consumer China. The International Energy Agency joined the Organization of the Petroleum Exporting Countries and its allies (OPEC+) in raising oil demand growth forecasts for this year, despite projections of slower economic growth in many major countries. Downward pressure on oil prices may come from the supply side, with the United States "likely at peak production for crude," while the delayed release of oil data from the world's biggest producer makes the investment situation more opaque, Evans said. A weaker dollar can boost oil demand by making crude cheaper for buyers using other currencies.
Persons: Agustin Marcarian, Brent, John Evans, Evans, Paul Carsten, Sudarshan Varadhan, Laura Sanicola, Raju Gopalakrishnan, Mark Potter, Jane Merriman Organizations: REUTERS, LONDON, U.S, West Texas, International Energy Agency, Organization of, Petroleum, U.S . Energy Information Administration, Financial Times, European Union, Federal Reserve, U.S ., Bank of, European Central Bank, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Denmark, United States, China, London
CNN —Jannik Sinner brought Novak Djokovic’s 19-match unbeaten run to an end on Tuesday, defeating the world No. 1 at the ATP Finals in Turin, Italy. Tiziana Fabi/AFP/Getty ImagesIt was Sinner’s second win at this year’s ATP Finals – the end-of-season competition for men’s tennis. The ATP Finals sees the eight top-ranked men battle it out to become the end-of-season champion. The 36-year-old has won six ATP Finals titles during his career, including four consecutive wins between 2012-2015.
Persons: CNN —, Sinner, Novak Djokovic’s, , , Djokovic, ” Djokovic, ” Novak Djokovic, Tiziana Fabi, Denmark’s Holger Rune, Poland’s Hubert Hurkacz, Hurkacz, Tsitsipas, Rune Organizations: CNN, ATP, tennis, Djokovic Locations: Turin, Italy, Serbian, AFP
However, the first deportation flight in June 2022 was blocked by a last-minute injunction from the European Court of Human Rights, barring any removals until the conclusion of legal action in Britain. Some in the government have strongly hinted Britain would consider leaving the European Convention on Human Rights if it thwarted the Rwanda scheme. Australia pioneered the concept of holding asylum seekers in offshore detention centres. Denmark has signed a similar agreement with Rwanda, but has yet to send any migrants there. The 27-nation EU is seeking to strike an agreement on how to share out the asylum seekers who arrived on its shores.
Persons: Peter Nicholls, Rishi Sunak's, Boris Johnson, Suella Braverman, Robert Reed, Sunak, Michael Holden, Alex Richardson Organizations: Court, REUTERS, Supreme, European Union, Successive Conservative, RWANDA PLAN, European, of Human, British, Convention, Britain, EU, Commons, Thomson Locations: Rwanda, London, Britain, Ukraine, Hong Kong, RWANDA, Europe, Turkey, Egypt, Australia, Denmark
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