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Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 26 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has eight to 10 filings of possible exchange-traded products for bitcoin in front of it for consideration, SEC Chair Gary Gensler said Thursday. Bitcoin has rallied this week on speculation that SEC approval is imminent for a spot bitcoin exchange-traded fund (ETF) - seen as a driver of demand because it would allow investors to obtain direct exposure to the cryptocurrency via an exchange-listed product. To date, the SEC has approved only ETFs tied to bitcoin futures contracts. Anticipation around spot ETFs has been rising after the SEC opted not to appeal a court ruling it had been wrong to reject an application from Grayscale Investments to convert its existing bitcoin trust into a spot bitcoin ETF.

Persons: Dado Ruvic, Gary Gensler, Bitcoin, I'm, Gensler, Jan, Douglas Gillison, Megan Davies, David Holmes Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, BlackRock, Fidelity, Thomson Locations: U.S

Zambia was the first African country to default in the COVID-19 era, in late 2020, but its restructuring process has been beset by delays. International bondholders also complained they were left out of the process, which started with drawn-out negotiations with bilateral creditors including China. Zambia's three international bonds rose sharply after the announcement, adding as much as 3.9 cents on the dollar, Tradeweb and MarketAxess data showed. The committee of bondholders owns or controls 40% of the outstanding bonds, Zambia's finance ministry added. Earlier this month, Zambia agreed a memorandum of understanding with its official creditors, including China and members of the Paris Club of creditor nations, to restructure about $6.3 billion of debt.

Persons: Situmbeko Musokotwane, Susana Vera, amortization, Rachel Savage, Karin Strohecker, Bhargav Acharya, David Holmes Organizations: Zambia's, International Monetary Fund, World Bank, REUTERS, IMF, Bondholder, Amia, Amundi, RBC BlueBay Asset Management, Farallon Capital Management, Greylock Capital Management, Paris Club, Thomson Locations: Marrakech, Morocco, JOHANNESBURG, Zambia, China, Rosario

☆ Santander tops forecast as strong Europe offsets weaker US
▼ + stars: | 2023-10-25 | by ( Jesús Aguado | ) www.reuters.com time to read: +4 min

In Europe, net profit jumped 64% year-on-year in the quarter, while in South America it fell 7%. In Spain, the bank's biggest market, net profit surged almost 60%, while NII jumped 56%. In the UK, net profit rose 5.7% year-on-year in the quarter. In Brazil, its second-biggest market, net profit fell 8.9%, though NII rose 3.3%, reflecting an improvement in trends. Net profit in the United States fell 50.4% on higher funding costs in the auto business while provisions rose 49%.

Persons: Violeta Santos Moura, Ana Botin, JP Morgan, NII, Jesús, David Holmes, Mark Potter Organizations: Santander, REUTERS, Revenues, Thomson Locations: Boadilla del Monte, Madrid, Spain, MADRID, Spanish, Europe, United States, America, South America, SPAIN, BRAZIL, Portugal, Poland, Brazil

☆ Toyota aims to put 1,000 km-range Lexus EV on the road by 2026
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Oct 25 (Reuters) - Toyota unveiled a Lexus concept car with a roughly 1,000 kilometre range on Wednesday that it aims to roll out by 2026, part of the Japanese automaker's strategic pivot to EVs reliant on advanced battery technology. The LF-ZC concept car, which debuted at the Japan Mobility Show, uses "prismatic, high-performance" batteries that achieve around twice the range of conventional EVs - or around 1,000 kilometres (620 miles). The low-sitting LF-ZC sports an expansive cockpit and uses advanced AI technology that Toyota has dubbed "Butler". The AI system is able to identify preferences that drivers may not be aware of themselves, Toyota said. Toyota has committed to having battery EVs account for 100% of global sales of the luxury Lexus brand by 2035.

Persons: BEV, Toyota Takero Kato, Simon Humphries, Issei Kato, Butler, Maki Shiraki, Daniel Leussink, David Dolan, David Holmes Organizations: Toyota, Lexus, Japan, REUTERS, Rights, Thomson Locations: Tokyo, Japan

REUTERS/Arriana McLymore/File Photo Acquire Licensing RightsMADRID/LONDON, Oct 25 (Reuters) - Zara owner Inditex (ITX.MC), the world's biggest clothing retailer, has agreed to buy recycled polyester from U.S. start-up Ambercycle, the companies said on Wednesday. As fast-fashion retailers face pressure to reduce waste and use recycled fabrics, Inditex is spending more than 70 million euros ($74 million) to secure supply of Ambercycle's recycled polyester made from textile waste. Under the offtake deal, Inditex will buy a "significant" portion of Ambercycle's production of recycled polyester, which is sold under the brand cycora, over three years. Textile-to-textile polyester recycling is in its infancy, though, and will take time to reach the scale required by global fashion brands. The Ambercycle deal marks the latest in a series of investments made by Inditex into textile recycling start-ups.

Persons: Arriana, Inditex, Zara Athleticz, Javier Losada, Corina Pons, Helen Reid, Cynthia Osterman, David Holmes Organizations: REUTERS, Infinited, Thomson Locations: Zara's Soho, New York City, U.S, MADRID, LONDON, Zara, Los Angeles, Circ, Spain

☆ Honda, GM scrap $5 bln plan to co-develop cheaper EVs
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. GM cited a joint statement that pointed to the projects the companies are still working on together in acknowledging the end of EV plan. A spokesman confirmed she was referring to the Honda EV partnership. The automakers had said the deal was for "affordable" EVs, including compact crossover vehicles, built using GM's Ultium battery technology. "After studying this for a year, we decided that this would be difficult as a business, so at the moment, we are ending development of an affordable EV," Honda CEO Toshihiro Mibe was quoted by Bloomberg as saying in an interview.

Persons: David, Dee, Delgado, Tesla, Honda, Mary Barra, Toshihiro Mibe, Cruise, Daniel Leussink, Gursimran, Ben Klayman, Mark Potter, David Holmes Organizations: New York, REUTERS, Rights, Honda, General Motors, United Auto Workers, U.S, Tuesday, GM, Honda EV, Bloomberg, Cruise, Thomson Locations: Manhattan , New York City, U.S, California, U.S ., . California, Japan, Tokyo, Gursimran Kaur, Bengaluru, Ben, Detroit

☆ South Africa's 'eccentric genius' Erasmus continues to divide opinion
▼ + stars: | 2023-10-25 | by ( Nick Said | ) www.reuters.com time to read: +3 min

There is a general view, in the northern hemisphere especially, of how the game should be played, but Erasmus’ Springboks do not conform to that. Former England coach Clive Woodward said if other teams followed suit, the sport would be "dead within five years". And yet since then, many sides have tapped into what they do well, including England, who took the Springbok copybook on their run to the semi-finals this year and almost stunned South Africa in Paris this past weekend. Erasmus raises the ire of traditionalists but almost always sticks within the confines of the laws. And herein lies the other side of Erasmus, the streetfighter who will not lie down and go quietly into the night.

Persons: Rassie Erasmus, Jacques Nienaber, Erasmus, Clive Woodward, Matt Proudfoot, Sport24, Rassie, Nic Berry, Nick Said, David Holmes Organizations: South, Springboks, New Zealand, Erasmus ’, Erasmus ’ Springboks, Springbok, British & Irish Lions, Erasmus, Guardian, Thomson Locations: CAPE, South Africa, New, Paris, England, Africa

☆ Daniel Radcliffe executive producing doc about stunt double paralyzed during ‘Deathly Hallows’
▼ + stars: | 2023-10-25 | by ( Lisa France | Lisa Respers France | ) edition.cnn.com time to read: +1 min

Daniel Radcliffe’s newest project is very close to his heart. “David Holmes: The Boy Who Lived” tells the story of Holmes, a gymnast who served as Radcliffe’s stunt double for ten years on the “Harry Potter” films before a 2009 accident on the set of “Deathly Hallows - Part 1” injured Holmes and left him paralyzed. Radcliffe is the executive producer of the documentary. “Being a stuntman was my calling in life, and doubling Harry was the best job in the world,” he wrote. The film includes personal footage from Homes’ life shot over the last decade, behind-the-scenes material from Holmes’ stunt work, as well as interviews with Radcliffe, friends, family, and former crew.

Persons: Daniel Radcliffe’s, “ David Holmes, Holmes, Harry Potter ”, Radcliffe, Daniel, David, ”, “, Harry, ‘, Dan Hartley Organizations: HBO, CNN, Warner Bros .

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 24 (Reuters) - The ProShares Short Bitcoin Strategy ETF , which allows traders to bet on a fall in bitcoin futures, hit a record low on Tuesday as the cryptocurrency surged on growing optimism that the launch of an exchange-traded fund tracking bitcoin is imminent. Bitcoin, the world's largest cryptocurrency, hit an 18-month high on Tuesday, extending Monday's 10% surge, on speculation over the likely approval of a spot bitcoin ETF that was fueled by BlackRock's iShares ETF listing on the website of clearing house DTCC. Meanwhile, other bitcoin-linked ETFs, like the ProShares Bitcoin Strategy ETF that tracks bitcoin futures, and Valkyrie Bitcoin Miners ETF (WGMI.O), gained more than 9% each. The Valkyrie Bitcoin and Ether Strategy ETF (BTF.O) was up 9.4%, leading gains among recently launched funds that track Ether futures.

Persons: Dado Ruvic, Bitcoin, Lucas Kiely, " Kiely, Bansari Mayur, David Holmes Organizations: REUTERS, BlackRock's, BTC, Strategy, Thomson Locations: Bengaluru

☆ Polish bishop resigns after priestly sex party scandal
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

WARSAW, Oct 24 (Reuters) - A Polish bishop, whose diocese was reportedly the scene of a sex party organised by priests at which Polish media say a male prostitute collapsed after taking erectile dysfunction pills, has resigned, the Vatican said on Tuesday. The statement did not give a reason for the resignation of Bishop Grzegorz Kaszak, saying only that the pope had accepted it. According to Polish media reports, a male prostitute collapsed at the party after taking too many erectile dysfunction pills. The priest who hosted the party in his apartment, named as Tomasz Z, was eventually dismissed, according to the state-run news agency PAP. The diocese said his behaviour was "a cause of great scandal for the faithful and justified indignation of public opinion", PAP reported.

Persons: Bishop Grzegorz Kaszak, Kaszak, Tomasz Z, Alan Charlish, Alvise Armellini, David Holmes Organizations: Gazeta Wyborcza, Thomson Locations: WARSAW, Kaszak's, Poland, Dabrowa Gornicza, Warsaw, Rome

☆ Explainer-Argentina Presidential Election: Key Takeaways From First-Round Vote
▼ + stars: | 2023-10-23 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

Massa and Milei will go to a run-off vote on Nov. 19 to take the presidency from mid-December, replacing outgoing center-left Peronist President Alberto Fernandez. Massa ended the night with 36.7% of the vote versus Milei on around 30%. Juan Schiaretti, who got a higher-than-expected vote share of nearly 7%, could also play an important king-maker role. Argentina's election race comes at a time of major uncertainty for the South American country facing its worst economic crisis in two decades. Any incoming government will have to resuscitate an economy facing triple-digit inflation, negative net foreign exchange reserves, and a sliding currency.

Persons: Maximilian Heath BUENOS, Sergio Massa, Javier Milei, Massa, Milei, Alberto Fernandez, Conservative Patricia Bullrich, Milei's, Donald Trump, Jair Bolsonaro, Juan Schiaretti, pollsters, Maximilian Heath, David Holmes Organizations: Reuters, Peronist Economy, Milei, Conservative, La Libertad Avanza, U.S, la Patria, Peronist, BE, WHAT'S, South, International Monetary Locations: Maximilian Heath BUENOS AIRES, Argentina, Brazilian, Massa, South American

☆ Atos shares plunge as nationalisation calls threaten planned Kretinsky deal
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Oct 23 (Reuters) - Atos (ATOS.PA) shares plunged on Monday after calls from opposition lawmakers for the nationalisation of the ailing IT firm on national security grounds raised doubts about a planned deal involving Czech billionaire Daniel Kretinsky. Asked by Reuters if the government was considering nationalisation, or could support an amendment to do so, a finance ministry source replied "no". Lawmakers from Les Republicains said the deal threatened to allow French supercomputers, made by Atos and used for virtual nuclear tests, to fall into foreign hands. Others, including Brun, have said critical Atos components were also used in combat systems used by France's navy and air force. Atos had also won a contract to process data for the Paris 2024 Olympic Games.

Persons: Atos, Sarah Meyssonnier, Daniel Kretinsky, Olivier Marleix, Socialist Philippe Brun, Philippe Brun, Jean, Pierre Mustier, Les Republicains, Brun, Leigh Thomas, Mathieu Rosemain, Tassilo Hummel, David Holmes Organizations: REUTERS, Rights, Les Republicans, Socialist, Atos, Reuters, supercomputing, Paris, National Assembly, Thomson Locations: Paris, France

☆ EV truck maker Tevva 're-engages' with potential merger partners
▼ + stars: | 2023-10-22 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

Engineers at electric maker Tevva work on a pre-production prototype truck at the startup's UK plant in Tilbury, Britain, January 14, 2022. REUTERS/Nick Carey Acquire Licensing RightsLONDON, Oct 23 (Reuters) - British electric truck maker Tevva has "re-engaged" with a number of possible merger partners following ElectraMeccanica's (SOLO.O) decision earlier this month to cancel their planned deal and said on Monday it has a number of trucks in production. The two companies announced their planned merger in August, giving Tevva access to U.S. production and targeting revenue of up to $1.5 billion in 2028, but Mesa, Arizona-based ElectraMeccanica terminated the agreement citing "failures by Tevva to disclose ... material information." In a statement it also said it had a number of fully electric 7.5 tonne trucks in production to hand over to customers. A few have begun bankruptcy proceedings, including Swedish-based electric truck maker Volta Trucks which filed for bankruptcy last week.

Persons: Nick Carey, Tevva, David Holmes Organizations: REUTERS, EV, Volta, Thomson Locations: Tilbury, Britain, British, Mesa , Arizona, Swedish

☆ India says relations with Canada passing through difficult phase
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amr Alfiky/File photo Acquire Licensing RightsNEW DELHI, Oct 22 (Reuters) - India on Sunday said its relationship with Canada is passing through a difficult phase and there had been "continued interference" by Canadian personnel in New Delhi's internal affairs. Canada had to withdraw 41 of its diplomats from India on Thursday as New Delhi decided to unilaterally revoke their official diplomatic status. Trudeau said on Friday the Indian government's crackdown on Canadian diplomats was making normal life difficult for millions of people in both countries. Jaishankar said India had invoked diplomatic parity under the Vienna convention, "because we had concerns about continuous interference in our affairs by Canadian personnel". He said India would resume the issuance of visas if there was progress in the safety of its diplomats working there.

Persons: Jaishankar, Amr Alfiky, Justin Trudeau, Trudeau, Melanie Joly, Jaishankare, Nidhi Verma, David Holmes Organizations: Affairs, United Nations Security Council, United Nations General Assembly, REUTERS, Sunday, Canadian, Thomson Locations: U.N, New York City, U.S, DELHI, India, Canada, British Columbia, New Delhi, Vienna

☆ Indonesia presidential candidate Prabowo picks Jokowi's son as running mate
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +3 min

Achmad Ibrahim/Pool via... Acquire Licensing Rights Read moreJAKARTA, Oct 22 (Reuters) - Indonesia's defence minister and presidential candidate Prabowo Subianto on Sunday announced incumbent leader Joko Widodo's eldest son as his running mate for next year's election. Speaking after a meeting of his party and its coalition partners, Prabowo told a press conference there had been an agreement to nominate him as presidential candidate and Gibran Rakabuming Raka as vice presidential candidate. Ganjar and Anies, both 54, had signed up for the race on Thursday, the opening day of registration for presidential candidates. Prabowo said he plans to register his candidacy to the election commission on Wednesday Oct. 25, which is the last day for registration. Reporting by Ananda Teresia and Stanley Widianto; Editing by Bernadette Baum and David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Joko Widodo, Prabowo Subianto, Achmad Ibrahim, Joko Widodo's, Gibran Rakabuming Raka, Gibran, Prabowo, Ganjar, Anies Baswedan, Jokowi, Ananda Teresia, Stanley Widianto, Bernadette Baum, David Holmes Organizations: Gerindra, Sunday, Central Java, Indonesian Democratic Party of Struggle, Thomson Locations: Jakarta, Indonesia, JAKARTA, Central, Surakarta city

☆ Israel arms civilian security squads, fearing internal strife
▼ + stars: | 2023-10-22 | by ( Dan Williams | ) www.reuters.com time to read: +3 min

The last Gaza war in 2021 saw sometimes violent pro-Palestinian protests among the Arab citizens who make up 21% of Israel's population. Israeli police have arrested dozens of Arab citizens on suspicion of incitement and support for Hamas, based on social media posts. An additional measure has been the setting up of volunteer security squads to patrol the streets and back up police. Shabtai said security squads would be subordinate to police. "It is good that there will be a lot of security squads and force, but caution must be exercised with this," he said.

Persons: Ammar Awad, Israel's, Kobi Shabtai, Itamar Ben, Gvir, Shabtai, Ben, Eliezer Rosenbaum, Naella, Dan Williams, David Holmes Organizations: REUTERS, Rights, West Bank, Hamas, Thomson Locations: Old City, Jerusalem, Israel, Gaza, Lebanese, Haifa

☆ Russia's Gazprom to supply extra gas to Hungary and China this year
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

Companies Gazprom PAO FollowOct 22 (Reuters) - Russia's Gazprom (GAZP.MM) will supply extra gas to Hungary through the coming winter and will also provide China with an additional 600 million cubic metres this year on top of contractual obligations, TASS news agency quoted its boss Alexei Miller as saying. Orban told Putin when they met in Beijing on Tuesday that Hungary never wanted to oppose Russia and was trying to salvage bilateral contacts. "And we have an agreement that we will supply additional volumes on an ongoing basis in the coming winter", he said. "We regularly supply additional volumes to the Chinese market. This year, I think (the extra amount) will be 600 million cubic meters of gas," he was quoted as saying.

Persons: Alexei Miller, Vladimir Putin, Miller, Viktor Orban, Orban, Putin, Gazprom's Miller, Mark Trevelyan, David Holmes Organizations: Gazprom PAO, Gazprom, Investigations, European Union, Putin, NATO, Ukraine, EU, Thomson Locations: Hungary, China, Russian, Europe, Ukraine, Baltic, Beijing, Russia, U.S

☆ Gulf bourses drop amid hawkish Fed tone, Mideast conflict
▼ + stars: | 2023-10-22 | by ( Md Manzer Hussain | ) www.reuters.com time to read: +2 min

REUTERS/Hamad I Mohammed/File photo Acquire Licensing RightsOct 22 (Reuters) - Stock markets in the Gulf fell on Sunday amid warnings of possible further interest rate hikes from the U.S Federal Reserve, and worries of escalation in the Middle East conflict. Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by Fed policy decisions because most regional currencies are pegged to the U.S. dollar. Saudi Arabia's benchmark index (.TASI) was down for a third consecutive session, ending 1.5% lower, with all sectors in the red. Elm Company (7203.SE) dropped 2.3%, while Al Rajhi Bank (1120.SE), the world's largest Islamic bank by assets, slipped 2.1%. The Qatari index (.QSI) fell for a fifth straight session, ending 0.9% lower, with Industries Qatar (IQCD.QA) dropping 2.2% and Qatar Navigation (QNNC.QA) sliding 3%.

Persons: Joe Biden, Hamad I Mohammed, Jerome Powell, Talaat Mostafa, Md Manzer Hussain, David Holmes Organizations: Bahrain Bourse, U.S, REUTERS, Stock, U.S Federal Reserve, Gulf Cooperation Council, U.S ., Elm Company, Al Rajhi Bank, Industries Qatar, Qatar Navigation, Qatar National Bank, Eastern Co, Gaza, Thomson Locations: Bahrain, Manama, Saudi, Israel, Lebanon, Syria

☆ Hyundai to build Saudi car plant jointly with Saudi wealth fund
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsRIYADH, Oct 22 (Reuters) - South Korea's Hyundai Motor Group (005380.KS) will build a car plant in Saudi Arabia jointly with the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, South Korea's President Yoon Suk Yeol said on Sunday. Hyundai Motor Group, the world's No. Yoon visited Saudi Arabia where he met with Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto ruler. Yoon traveled with a delegation of business leaders including Hyundai Motor Group Executive Chair E.S.

Persons: Andrew Kelly, Yoon Suk Yeol, Yoon, Saudi Crown Prince Mohammed bin Salman, Chung, Prince Mohammed, Pesha Magid, Heekyong Yang, Aziz El Yaakoubi, John Stonestreet, David Holmes Organizations: Hyundai Motor, New York, REUTERS, Rights, Hyundai Motor Group, Public Investment Fund, South, Hyundai, South Korean, Saudi Crown, Thomson Locations: Manhattan , New York City, U.S, Rights RIYADH, KS, Saudi Arabia, Saudi, Riyadh, Gulf

☆ Slovenia deploys police on borders with Croatia, Hungary
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +1 min

OBREZJE, Slovenia, Oct 21 (Reuters) - Slovenia on Saturday deployed police on border crossings with Croatia and Hungary to prevent potential security threats, leading to queues as travellers waited to have their documents checked. The Slovenian government had on Friday decided to introduce temporary border controls until Oct. 30, following its neighbour Italy which introduced controls on its border crossing with Slovenia to improve home security. Police were deployed on 14 border crossings with Croatia and Hungary, Slovenian news agency STA reported. Travellers queued to have their papers checked at the Obrezje crossing on the border with Croatia, where checks had not taken place since Jan. 1 this year when Croatia joined the control-free Schengen Area. Reporting by Antonio Bronic; Writing by Ivana Sekularac; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: queued, Fjacko, Antonio Bronic, Ivana Sekularac, David Holmes Organizations: Saturday, Slovenian, Police, Croatia, Croatian, Thomson Locations: OBREZJE, Slovenia, Croatia, Hungary, Italy, Slovenian, Zagreb, Europe, Balkans

☆ Volkswagen, Umicore venture picks Poland for first car battery parts plant
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

Volkswagen vehicle is parked during a news conference to announce details on the construction of a gigafactory for electric vehicle battery production by Volkswagen Group's battery company PowerCo SE in St. Thomas, Ontario, Canada April 21, 2023. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsBERLIN, Oct 7 (Reuters) - The auto battery parts joint venture between Volkswagen's (VOWG_p.DE) PowerCo and Belgian materials firm Umicore (UMI.BR) has chosen Poland as the site for its first factory, PowerCo said on Saturday. Ionway wants to build up its annual production capacity by the end of the decade to around 160 gigawatt hours (GWh) per year - enough for 2.2 million electric vehicles. Ionway is intended to supply PowerCo's European battery cell factories with key battery materials and to cover a large portion of PowerCo's needs in the European Union. In return, Umicore receives secured access to an important part of Europe's demand for cathode materials for electric vehicles.

Persons: Carlos Osorio, PowerCo, Ionway, Umicore, Sabine Wollrab, Sarah Marsh, David Holmes 私 Organizations: Volkswagen, Volkswagen Group's, REUTERS, Rights, VW, European Union Locations: St, Thomas , Ontario, Canada, Volkswagen's, Poland, Nysa, Ontario

☆ Denmark to re-start ammunition production at repurchased arms plant
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

Soldiers from the Schleswig Infantry Regiment on drill at the Oksboel Shooting and Training Ground, Jutland, Denmark, March 16, 2023. "Ammunition production in Europe is under severe pressure, and we should also try to find solutions in Denmark to contribute where we can based on Danish needs," Lund Poulsen said in the statement. "It will take time before we are ready with production, but therefore it is also good that we are now getting started with the work," Lund Poulsen added. The plant had previously been owned by a private Spanish company and was in use until 2020. ($1 = 7.0433 Danish crowns)Reporting by Louise Breusch Rasmussen; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Ritzau Scanpix, Mads Claus Rasmussen, Ritzau, Troels Lund Poulsen, Lund Poulsen, Louise Breusch Rasmussen, David Holmes Organizations: Schleswig Infantry Regiment, Danish Army Command, REUTERS, Rights, Thomson Locations: Jutland, Denmark, Rights COPENHAGEN, Ukraine, Europe, Elling, North Jutland, Spanish

☆ Madagascar presidential candidate shows injury after opposition rally teargassed
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

Madagascar Presidential candidate Marc Ravalomanana addresses supporters, during a campaign rally at the at the Mahamasina stadium in Antananarivo, Madagascar November 3, 2018. The Reuters witness said another former president Hery Rajaonarimampianina was also present among their supporters who had gathered to march before the teargas was fired. Marchers were demanding changes to the officials running the election commission and for the formation of a special court to hear election disputes. The Indian Ocean island is hoping for its third peaceful election since an upheaval of 2009, when Rajoelina ousted Ravalomanana in a coup. Reporting by Lovasoa Rabary; Writing by George Obulutsa in Nairobi; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Marc Ravalomanana, Ravalomanana, Andry Rajoelina, Hery Rajaonarimampianina, Rajoelina, Lovasoa Rabary, George Obulutsa, David Holmes Organizations: REUTERS, Facebook, Police, Reuters, Thomson Locations: Madagascar, Antananarivo, ANTANANARIVO, Madagascar's, Nairobi

☆ Turkey says it's ready to help de-escalate Israeli-Palestinian conflict
▼ + stars: | 2023-10-07 | by ( Tuvan Gumrukcu | ) www.reuters.com time to read: +2 min

ANKARA, Oct 7 (Reuters) - Turkish Foreign Minister Hakan Fidan held calls on Saturday with his regional counterparts to discuss the fighting between Israel and Palestinians, a foreign ministry source said, as Ankara said it stood ready to help de-escalate the situation. The source said Fidan discussed the conflict with his Saudi, Qatari, Iranian, Palestinian and Egyptian counterparts, but did not provide any further details. Earlier, Turkey's foreign ministry repeated President Tayyip Erdogan's call for restraint and strongly condemned the loss of civilian lives. The conflict comes as Turkey, which has backed Palestinians in the past and supported a two-state solution to the conflict, works to normalise ties with Israel after years of animosity. Prior to Saturday's violence, Erdogan had said Israeli Prime Minister Benjamin Netanyahu may visit Turkey in October-November to discuss cooperation on energy, while Turkey's energy minister said he planned to visit Israel in November.

Persons: Hakan Fidan, Fidan, Antony Blinken, Tayyip Erdogan's, Israel, Erdogan, Benjamin Netanyahu, Nick Macfie, David Holmes Organizations: Turkish, Saudi, Qatari, Israel, Thomson Locations: ANKARA, Israel, Ankara, Turkey

☆ Madagascar Presidential Candidate Shows Injury After Opposition Rally Teargassed
▼ + stars: | 2023-10-07 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

It was not immediately clear what specifically caused the injury. A Reuters witness at the scene in the centre of Madagascar's capital Antananarivo confirmed police firing teargas at the supporters, who numbered in the hundreds. The Reuters witness said another former president Hery Rajaonarimampianina was also present among their supporters who had gathered to march before the teargas was fired. Marchers were demanding changes to the officials running the election commission and for the formation of a special court to hear election disputes. The Indian Ocean island is hoping for its third peaceful election since an upheaval of 2009, when Rajoelina ousted Ravalomanana in a coup.

Persons: Marc Ravalomanana, Ravalomanana, Andry Rajoelina, Hery Rajaonarimampianina, Rajoelina, Lovasoa Rabary, George Obulutsa, David Holmes Organizations: Facebook, Police, Reuters Locations: ANTANANARIVO, Madagascar, Madagascar's, Antananarivo, Nairobi

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