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☆ Repairs to arson-damaged Los Angeles freeway expected to take at least 3 weeks
▼ + stars: | 2023-11-14 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Crew members work in the area, where a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. REUTERS/Jorge Garcia Acquire Licensing RightsLOS ANGELES, Nov 14 (Reuters) - A Los Angeles freeway section heavily damaged by a weekend fire can be salvaged and reopened after extensive repairs rather than having to be demolished and rebuilt, a project that nevertheless will likely take three to five weeks, officials said on Tuesday. The project was expected to commence immediately and continue around the clock until completed, California Governor Gavin Newsom said. Meanwhile, arson investigators were continuing their work seeking to identify the person or persons responsible for setting the fire, Newsom said. Newsom said the state had leased the site to Apex Development Inc, a company based in Calabasas, north of Los Angeles.

Persons: Jorge Garcia, Gavin Newsom, Karen Bass, Newsom, Daniel Berlant, Steve Gorman, Alistair Bell Organizations: REUTERS, Santa, Fire, Apex Development Inc, Apex, Thomson Locations: Los Angeles , California, U.S, Los Angeles, Santa Monica, California, California's, Calabasas

LOS ANGELES, Nov 13 (Reuters) - Investigators have determined arson caused the weekend fire that heavily damaged an elevated stretch of a downtown Los Angeles freeway, forcing its indefinite closure and setting the stage for prolonged traffic turmoil, state officials said on Monday. [1/7]Crew members work in the area, where a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. Newsom identified the leaseholder for state-owned property beneath the freeway that burned as Apex Development Inc, based in Calabasas, California, north of Los Angeles. Newsom on Sunday proclaimed a state of emergency in Los Angeles County in order to expedite repairs to the freeway. Reporting by Steve Gorman in Los Angeles and Daniel Trotta in Carlsbad, California; additional reporting by Rich McKay in Atlanta and Lisa Baertlein in Los Angeles; Editing by Jonathan Oatis and Stephen Coates and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Gavin Newsom, Newsom, Daniel Berlant, Berlant, Karen Bass, Laura Rubio, Rubio, Cornejo, Jorge Garcia, Bass, Steve Gorman, Daniel Trotta, Rich McKay, Lisa Baertlein, Jonathan Oatis, Stephen Coates, Miral Organizations: ANGELES, downtown, Transportation Department, REUTERS, Engineers, Apex Development Inc, Apex, Sunday, Los Angeles Times, Thomson Locations: Los Angeles, California, Santa Monica, downtown L.A, Los Angeles , California, U.S, Calabasas , California, Los Angeles County, Carlsbad , California, Atlanta

[1/2] A Tesla electric vehicle is plugged to a charger in a parking lot in Teia, north of Barcelona, Spain, October 31, 2023. High interest rates and a subdued market are putting customers off, they warned, with Volkswagen's EV order intake half what it was last year. Reuters GraphicsFALLING BEHINDCritics have long warned that a lack of affordable EVs would eventually stall the steep sales growth boosted by early adopters and corporate fleets. A weaker performance in September, consumer sentiment surveys and bleak commentary from carmakers and dealers indicates that low growth era may have arrived. "We call it the valley of death, which we will be going through in 2024 to 2027: low residual values, high supply, and low demand," Nothard added.

Persons: Albert Gea, EVs, Thomas Niedermayer, Flavia Garcia, Tom Carvell, Martina, AutoTrader, Garcia, We'll, Critics, Felipe Munoz, Alistair Bedwell, Langston, Ben DuCharme, Philip Nothard, Nothard, Victoria Waldersee, Nick Carey, Giulio Piovaccari, Paul Lienert, Sumanta Sen, Alexander Smith Organizations: REUTERS, Tesla, Volkswagen, Mercedes, Benz, Reuters Graphics Dealers, Toyota, HK, Reuters Graphics, Ford, GM, United Auto Worker, JATO Dynamics, Langston, Cox Automotive, Thomson Locations: Barcelona, Spain, LONDON, Europe, Germany, Italy, Bavarian, Edinburgh, Scotland, Britain, BYD, Nio, U.S, Rome, Detroit

☆ Mexico's Ruling Party Again Picks Woman to Run for Mayor of Capital
▼ + stars: | 2023-11-11 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By David Alire GarciaMEXICO CITY (Reuters) - Mexico's ruling party on Saturday picked veteran politician Clara Brugada to be its candidate for Mexico City mayor, placing her in a strong position to win the election next June. Brugada could become the second woman in a row to be elected as mayor of the Mexican capital if her campaign for President Andres Manuel Lopez Obrador's leftist National Regeneration Movement (MORENA) is successful. "Today we came out strong and united to win the heart of our great capital." As runner-up for the capital, Brugada will run for the job to meet the quota, MORENA party leaders said. His then-environment chief Claudia Sheinbaum, who became mayor in 2018, won the party's presidential nomination in September for the 2024 election.

Persons: David Alire Garcia, Clara Brugada, Brugada, Andres Manuel Lopez Obrador's, Omar Garcia Harfuch, MORENA, Lopez Obrador, Claudia Sheinbaum, Dave Graham, Diane Craft Organizations: David Alire Garcia MEXICO CITY, Saturday, Mexico City, Regeneration, Twitter Locations: Iztapalapa, Mexico, Brugada

☆ Mexico's ruling party again picks woman to run for mayor of capital
▼ + stars: | 2023-11-11 | by ( David Alire Garcia | ) www.reuters.com time to read: +2 min

[1/2] Aspiring candidate for the position of mayor of Mexico City and Iztapalapa Mayor Clara Brugada, attends an event in the municipality of Iztapalapa, in Mexico City, Mexico September 5, 2023. REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Nov 11 (Reuters) - Mexico's ruling party on Saturday picked veteran politician Clara Brugada to be its candidate for Mexico City mayor, placing her in a strong position to win the election next June. "Today we came out strong and united to win the heart of our great capital." As runner-up for the capital, Brugada will run for the job to meet the quota, MORENA party leaders said. His then-environment chief Claudia Sheinbaum, who became mayor in 2018, won the party's presidential nomination in September for the 2024 election.

Persons: Clara Brugada, Raquel Cunha, Brugada, Andres Manuel Lopez Obrador's, Omar Garcia Harfuch, MORENA, Lopez Obrador, Claudia Sheinbaum, David Alire Garcia, Dave Graham, Diane Craft Organizations: Iztapalapa, REUTERS, MEXICO CITY, Saturday, Mexico City, Regeneration, Twitter, Thomson Locations: Mexico City, Iztapalapa, Mexico, MEXICO, Brugada

Mendoza, a former fighter for the now-disbanded Revolutionary Armed Forces of Colombia (FARC) guerrillas, dragged her children back inside the house. In interviews with Reuters, those people recounted how the attacks left conservation projects adrift, with conservationists withdrawing from environmental protection works because of fear of more violence. Municipal data from local environmental authorities and the Colombian Institute of Meteorology (IDEAM) also showed that in the year after each killing, deforestation at a local level was worse than national trends. Santofimio's killing brought his hard-fought conservation project to a halt. In the tree nursery, which stopped work after Santofimio's killing, saplings bask in the dappled sunlight beneath protective nets.

Persons: Duberney Lopez, Jorge Santofimio, PUERTO, Leidy Mendoza, Mendoza, Jorge !, they'd, Susana Muhamad, Muhamad, Colombia's, –, Armando Aroca, Santofimio, Lopez, Kevin Murakami, Comuccom, Aroca, Javier Franciso Parra, Francisco couldn't, Andres Felipe Garcia, Cormacarena, Parra, Garcia, Luisz Martinez, Martinez, La, KfW, Roberto Gomez, Gonzalo Cardona, Sara Ines Lara, Oliver Griffin, Julia Symmes Cobb, Katy Daigle, Claudia Parsons Organizations: Revolutionary Armed Forces, Colombian, Villagers, Reuters, Environment Ministry, Global, Colombian Institute of Meteorology, Comuccom, International Narcotics, Law, Affairs, U.S, National Liberation Army, UN, Programme, Meta, UNDP, Progress, World Wildlife Fund, Security, USAID, Thomson Locations: Colombia, PUERTO GUZMAN, Putumayo, Bogota, La, Meta, La Macarena, Amazonia, Puerto Guzman

☆ Father of Liverpool soccer star Diaz not leaving Colombia after kidnapping
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

"My aspirations are to continue in my town because I have my entire family in my town," Diaz said at a press conference. The kidnapping underscored the lack of control that the ELN's top brass exerts over their rank and file, according to analysts and security sources. Diaz on Friday offered details of his captivity, during which his kidnappers advised him to remain calm, he said. "A lot of quite difficult horseback riding, lots of mountains, rain," Diaz said, recalling "almost 12 days without sleep." The rebel group is accused of financing itself through kidnapping, in addition to drug trafficking, illegal mining and extortion.

Persons: Colombia Carlos Ruiz Massieu, Luis Manuel Diaz, Liverpool, Luis Diaz, Gustavo Petro, Diaz, Antonio Garcia, Luis Jaime Acosta, Alistair Bell Organizations: United, Colombia's National Liberation Army, National Liberation Army, European Union, Thomson Locations: Colombia, Valledupar, BOGOTA, Liverpool, Barrancas, La Guajira, United States

Just holding the deal together through a full four-year parliamentary term will be a tough challenge, many predict. "The next legislative term will be very tough for the PSOE, it is likely it won't finish the whole term," said Catalan political analyst Joan Esculies. Spaniards have also been called to show their ire in town square demonstrations across the country on Sunday. For Andoni Ortuzar, the Basque Nationalist Party leader who also struck a deal with the Socialists on Friday, whether the government could hold would be a test of Spain's plurality. "We are different - we consider ourselves a different nation - and the question is whether we can live together comfortably," he said.

Persons: Sanchez, Pedro Sanchez, Francisco Franco, Junts, Carles Puigdemont, Joan Esculies, Alberto Nunez Feijoo, Andoni Ortuzar, Susana Vera, Emiliano Garcia, Puigdemont, Lluis Orriols, Ortuzar, Belen Carreno, Joan Faus, Emma Pinedo, Aislinn Laing, Alex Richardson Organizations: Deal, Spain's Socialists, Socialist, PSOE, People's Party, Socialists, Basque Nationalist Party, REUTERS, Catalan Socialist, Carlos III University, Thomson Locations: MADRID, BARCELONA, Catalan, Belgium, Catalonia, Spain, Madrid, Castilla, La Mancha, Spanish, Catalunya

☆ Apple co-founder Wozniak suffers possible stroke in Mexico -local media
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Steve Wozniak, co-founder of Apple, talks to people during a launch event in Cupertino, California, U.S., September 12, 2017. REUTERS/Stephen Lam/File Photo Acquire Licensing RightsMEXICO CITY, Nov 8 (Reuters) - Apple co-founder Steve Wozniak was hospitalized in Mexico City on Wednesday due to a possible stroke, Mexican media outlets reported, but a TMZ report citing sources suggested the illness was potentially a less serious bout of vertigo. Event organizers did not immediately respond to a request for comment. U.S. media outlet TMZ, citing sources with direct knowledge, reported that Wozniak finished his speech but then told his wife he was "feeling strange". Individuals affiliated with Wozniak's website woz.org did not immediately respond to a request for comment.

Persons: Steve Wozniak, Stephen Lam, Wozniak, Steve Jobs, woz.org, Anthony Esposito, Valentine Hilaire, Daniel Trotta, David Alire Garcia, Shri Navaratnam Organizations: Apple, REUTERS, MEXICO CITY, Reuters, TMZ, Apple Computer, Thomson Locations: Cupertino , California, U.S, MEXICO, Mexico City, Mexican, Santa Fe, California

☆ Honduras seizes nearly half ton of fentanyl in first opioid bust
▼ + stars: | 2023-11-09 | by ( Gustavo Palencia | ) www.reuters.com time to read: +2 min

TEGUCIGALPA, Nov 8 (Reuters) - Honduran police discovered nearly half a metric ton of the synthetic drug fentanyl hidden in a shipping container, officials said on Wednesday, in the first such seizure of the opioid in the Central American country. Honduras has for years been a transit point for cocaine trafficked from South American nations including Colombia and Bolivia en route to the United States, but its role in the fentanyl trade is poorly understood. Fentanyl is a powerful synthetic opioid that is estimated to be 50 times stronger than heroin and 100 times stronger than morphine, according to the U.S. Centers for Disease Control (CDC) and Prevention. The United States has an opioid epidemic where the CDC recorded 75% of nearly 107,000 drug overdose deaths in 2021 involved an opioid. Reporting by Gustavo Palencia; Writing by David Alire Garcia; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Gustavo Sanchez, Sanchez, Juan Orlando Hernandez, Gustavo Palencia, David Alire Garcia, Grant McCool Organizations: Central American, . Security, Cortes, Twitter, Police, U.S . Centers for Disease Control, United, Thomson Locations: TEGUCIGALPA, Honduran, Britain, San Pedro Sula, Honduras, Atlantic, Central America, Colombia, Bolivia, United States

☆ Peru cuts interest rate again as prices ease but recession lingers
▼ + stars: | 2023-11-09 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

A worker walks pasts the logo of the Central Reserve Bank of Peru (BCRP) inside its headquarters building in Lima, Peru June 16, 2017. The bank's third consecutive cut comes as the rate of rising consumer prices has been coming down. But the latest decision to cut rates does not necessarily imply a cycle of successive rate reductions, the monetary authority said in a statement. It added that future adjustments to the key lending rate "will be conditioned on new information on inflation and its determinants." Earlier on Thursday, Peru's government announced a package of measures aimed at boosting investments in the country's critical mining sector.

Persons: Mariana Bazo, El, Peru's, Alex Contreras, Marco Aquino, David Alire Garcia, Matthew Lewis Organizations: Central Reserve Bank of, REUTERS, Rights, El Nino, Thomson Locations: Central Reserve Bank of Peru, Lima , Peru, Lima

By law, an election needs to be held within 60 days of the publishing of the presidential decree dissolving parliament. "I hope that time, sooner rather than later, will allow us to clarify what happened," Rebelo de Sousa said. By calling the March election, Rebelo de Sousa also addressed the need of the PS to pick a new leader to run. Earlier, PS President Carlos Cesar said March would be the best timing, while other parties pointed to January or February. "It is urgent to reestablish trust and prestige in democratic institutions," the leader of the PSD, Luis Montenegro, said after the president announced the election.

Persons: Marcelo Rebelo de Sousa, Rebelo de Sousa, Antonio Costa, illegalities, Costa, Rebelo, Mario Centeno, Filipe Garcia, Mercados, Carlos Cesar, Andre Ventura, Luis Montenegro, Catarina Demony, Sergio Goncalves, Andrei Khalip, Marguerita Choy, Alistair Bell Organizations: Lawmakers, Socialist, Socialist Party, of State, Prosecutors, Bank of Portugal, Social Democrats, PSD, Thomson Locations: LISBON, Portugal, Portuguese, Lisbon, Belem, Europe, Western, Montenegro

Logo of German tyre company Continental is pictured before the annual news conference in Hanover, Germany, March 9, 2021. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsCompanies Continental AG FollowBERLIN, Nov 8 (Reuters) - Continental (CONG.DE) reported earnings in line with consensus on Wednesday as successful price negotiations, lower inventory and stabilised supply chains enabled it to boost the performance of its automotive business and increase free cash flow. "We still have significant ground to gain in the fourth quarter," Chief Financial Officer Katja Garcia Vila, formerly Dürrfeld, said. Its automotive business, which suffered a loss in the second quarter, was back to profit with an adjusted earnings margin of 2.8% largely down to raising prices and stabilising supply chains. Still, negative currency exchange rates prompted it to adjust the cars business sales outlook slightly downwards to 20 billion euros from 21 billion previously.

Persons: Fabian Bimmer, Katja Garcia Vila, Victoria Waldersee, Miranda Murray, Miral Organizations: Continental, REUTERS, BERLIN, Victoria, Thomson Locations: Hanover, Germany, North America, Europe

☆ Italy beat France in BJK Cup Finals after two singles wins
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

[1/4] Tennis - Billie Jean King Cup Finals - Estadio de La Cartuja, Seville, Spain - November 8, 2023 Italy's Martina Trevisan celebrates during her match against France's Alize Cornet REUTERS/Marcelo Del Pozo Acquire Licensing RightsSEVILLE, Nov 8 (Reuters) - Singles wins for Martina Trevisan and Jasmine Paolini gave Italy victory over France in their opening Group D clash at the Billie Jean King Cup Finals in Seville on Wednesday. Trevisan recovered from a slow start to beat the experienced Alize Cornet 2-6 6-2 6-2 in the opening rubber. France will seek to at least get a point on the board in the later doubles. Italy have now beaten France five times in their last seven meetings in the flagship women's team competition. Later on Wednesday hosts Spain face Canada in the first action in Group C.Reporting by Martyn HermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Billie Jean King, Martina Trevisan, France's Alize Cornet, Marcelo Del Pozo, Jasmine Paolini, Trevisan, Alize Cornet, Paolini, Caroline Garcia, Martyn Herman Our Organizations: La, Italy, France, Billie Jean King Cup, Wednesday, Spain, Thomson Locations: Seville, Spain, France, Italy, Canada

Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.

Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung

☆ Honduras Seizes Nearly Half Ton of Fentanyl in First Opioid Bust
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Gustavo PalenciaTEGUCIGALPA (Reuters) - Honduran police discovered nearly half a metric ton of the synthetic drug fentanyl hidden in a shipping container, officials said on Wednesday, in the first such seizure of the opioid in the Central American country. Police are investigating whether Honduras was the ship's final destination, or if it was only meant to be a stop on its way elsewhere, according to officials. Honduras has for years been a transit point for cocaine trafficked from South American nations including Colombia and Bolivia en route to the United States, but its role in the fentanyl trade is poorly understood. Fentanyl is a powerful synthetic opioid that is estimated to be 50 times stronger than heroin and 100 times stronger than morphine, according to the U.S. Centers for Disease Control (CDC) and Prevention. The United States has an opioid epidemic where the CDC recorded 75% of nearly 107,000 drug overdose deaths in 2021 involved an opioid.

Persons: Gustavo Palencia, Gustavo Sanchez, Sanchez, Juan Orlando Hernandez, David Alire Garcia, Grant McCool Organizations: Gustavo Palencia TEGUCIGALPA, Central American, . Security, Cortes, Twitter, Police, U.S . Centers for Disease Control, United Locations: Honduran, Britain, San Pedro Sula, Honduras, Atlantic, Central America, Colombia, Bolivia, United States

☆ As shutdown looms, US House Republicans search for stopgap solution
▼ + stars: | 2023-11-07 | by ( David Morgan | ) www.reuters.com time to read: +4 min

House Speaker Mike Johnson, the top Republican in Congress, described the closed-door debate as "positive." House Republicans are focused on passing full-year appropriations bills for transportation, housing, urban development and financial services. The chamber has passed seven partisan Republican bills of the 12 spending measures needed. "What we need is bipartisan solutions," Representative Pete Aguilar, chair of the House Democratic conference, told reporters. Another option on the House Republican table would be to negotiate with the Democratic-led Senate on a "clean" CR that can pass both chambers quickly.

Persons: Mike Johnson, Nathan Howard, Everybody's, Brian Babin, Johnson, Dusty Johnson, Pete Aguilar, Eli Crane, Crane, Mike Garcia, David Morgan, Scott Malone, Stephen Coates, Leslie Adler Organizations: Republican, U.S, Capitol, REUTERS, Rights, . House, Democratic, Republicans, Democrats, Internal Revenue Service, House Democratic, Social Security, Thomson Locations: Washington , U.S, Israel, Ukraine, Mexico

☆ Embraer maintains 2023 outlook but deliveries seen at low end of guidance
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ Brazil's Embraer posts 34% profit jump, maintains outlook
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues. "We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it," Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts. Embraer's net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units - which also include defense & security and services & support. ($1 = 4.9007 reais)Reporting by Gabriel Araujo Editing by Louise Heavens, David Goodman and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ Carvana CEO says it's hard to predict when used car prices will come down
▼ + stars: | 2023-11-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Carvana CEO Ernie Garcia told CNBC's Jim Cramer in a Monday interview that it's hard to say when used car prices will come down, even though the company is doing what it can to cut costs and make vehicles affordable for customers. "So we would love for car prices to come down, we expect them to over time — I think the timing is always hard to predict." In 2019, the average car Carvana sold was three years old and cost $19,500, he said. "If rates were to come down that would be great too, but obviously that's certainly not something that's in our control," he said. After a tough couple of years, Carvana has managed to make a comeback, in part thanks to a billion dollar debt restructuring deal.

Persons: Ernie Garcia, CNBC's Jim Cramer, it's, Garcia, Carvana, we're

☆ Ecuador's incoming president picks new finance chief
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Noboa, 35, has pledged to rebuild the South American country's ailing economy, create jobs and work to quell rising crime and violence largely blamed on organized crime. Moya will serve in a cabinet that the incoming president has pledged will feature an equal number of women and men. Noboa faces the challenge of a local economy that has struggled since the coronavirus pandemic, pushing thousands of Ecuadoreans to migrate. In October's run-off election, Noboa won about 52% of the vote, besting leftist adversary Luisa Gonzalez's 48% support. Reporting by Yury Garcia in Guayaquil; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Noboa, Guillermo Lasso, Noboa, Karen Toro, Sariha Moya, Moya, Luisa Gonzalez's, Yury Garcia, Sandra Maler Organizations: Ecuadorian, REUTERS, Rights, Thomson Locations: Quito, Ecuador, Rights GUAYAQUIL, Noboa, United States, Guayaquil

☆ Mexican businesses warmed by glow of 'nearshoring' dawn
▼ + stars: | 2023-11-06 | by ( Noe Torres | ) www.reuters.com time to read: +4 min

MEXICO CITY, Nov 6 (Reuters) - Mexican businesses, particularly those linked to real estate and construction, are counting on investment from so-called "nearshoring" to boost profits and economic growth, especially in industrial zones near the U.S. border. "Many companies are already talking about this - about nearshoring and the economic benefits," said Gerardo Copca, an analyst at consultancy MetAnalisis. One notable project - electric vehicle maker Tesla's plans for a reported $5 billion factory in northern Mexico - has been credited with attracting $1 billion in Chinese investments to nearby industries. Mexican real estate investment trust Fibra Uno (FUNO11.MX) plans to launch a trust allowing investors to cash in on expected growth of industrial assets. Total Mexican construction output jumped almost by 46% in August year-on-year, with northern states performing strongly.

Persons: Gerardo Copca, Nearshoring, Fibra Uno, Andre El, Mann, AMPIP, Lorenzo Berho, El, Berho, Enrique Navarro, Andres Manuel Lopez Obrador's, Noe Torres, Dave Graham, David Alire Garcia, Christian Plumb, Josie Kao Organizations: MEXICO CITY, Fibra, Banco Regional, U.S, UBS, Cement, GCC, Thomson Locations: MEXICO, U.S, Mexico, Asia, Mexican, Queretaro, Guanajuato, Jalisco, United States, Canada, China, Swiss, Chihuahua, Texas

ORLANDO, Fla. (AP) — Morale and trust within the Walt Disney World government has deteriorated since allies of Florida Gov. With the departure of so many district employees in such a short period of time, the district is “no longer functional,” a facilities director who left last month wrote in her exit survey. Disney has sued DeSantis and the members of the Central Florida Tourism Oversight District board in federal court in Tallahassee over the takeover, claiming its free speech rights were violated. Disney is also battling the Central Florida Tourism Oversight District in state court in Orlando. Before control of the district changed hands, the Disney supporters on its board signed agreements with Disney to shift control over design and construction at Disney World to the company.

Persons: Ron DeSantis, ”, “, there’s, DeSantis, hadn't, Matthew Oberly, Martin Garcia, ” Garcia, Glen Gilzean, Gilzean, Mike Schneider Organizations: —, Walt Disney, Florida Gov, Central, District, Associated Press, Republican, GOP, Florida Legislature, Disney, Improvement Locations: ORLANDO, Fla, Florida, Central Florida, “, Reedy, cronyism, Tallahassee, Orlando

☆ The Man Behind 250 Masks
▼ + stars: | 2023-11-06 | by ( Julia Halperin | ) www.nytimes.com time to read: +1 min

As a child making home videos, Marcel Dzama, 49, asked his father and sister to cover their faces with masks because they couldn’t stop grinning. The collection: Handmade masks, in materials ranging from paper to wood to cloth. I said, ‘A mask.’ It was made out of ceramic and had a happy face on one side and a sad face on the other. I’ve been sending her masks because she likes to paint them.”Most expensive: “Probably these 40 wooden masks from Guadalajara [in Mexico]. José inherited his mask collection, but he couldn’t look at it because he felt too sad.

Persons: Marcel Dzama, “, Lorca, ”, Federico García Lorca, Mamma Andersson, I’ve, José, Salceda Organizations: Performa, Arts Locations: Canadian, Spanish, Hawaii, Winnipeg, Brooklyn, Guadalajara, Mexico

☆ Jim Cramer goes one-on-one with Carvana CEO Ernie Garcia
▼ + stars: | 2023-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer goes one-on-one with Carvana CEO Ernie GarciaCarvana Co-Founder, President and CEO Ernie Garcia joins 'Mad Money' host Jim Cramer to talk quarterly earnings, the company's turnaround, the auto industry and more.

Persons: Jim Cramer, Ernie Garcia Carvana, Ernie Garcia

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