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Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk speaks with members of the media during the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - X Corp will be filing a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the social media platform, soon after major U.S. companies paused their advertisements on his social media site. Media watchdog Media Matters earlier this week said it found that corporate advertisements by IBM, Apple (AAPL.O), Oracle (ORCL.N) and Comcast's (CMCSA.O) Xfinity were being placed alongside antisemitic content. "The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and ALL those who colluded in this fraudulent attack on our company," Musk said in a post on X, formerly known as Twitter. "This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said.

Persons: Tesla, Elon Musk, Leon Neal, Xfinity, Musk, Mrinmay Dey, Kim Coghill, Tomasz Janowski Organizations: SpaceX's, Bletchley, X Corp, Media, IBM, Apple, Oracle, Twitter, America, Thomson Locations: Bletchley, Britain, Bengaluru

☆ Jordan minister doubts Israel can wipe out Hamas
▼ + stars: | 2023-11-18 | by ( Alexander Cornwell | ) www.reuters.com time to read: +1 min

Jordanian Foreign Minister Ayman Safadi attends a joint press conference with U.S. Secretary of State Antony Blinken (not pictured) and Egyptian Foreign Minister Sameh Shoukry (not pictured), in Amman, Jordan November 4, 2023. REUTERS/Alaa Al Sukhni/FIle Photo Acquire Licensing RightsMANAMA, Nov 18 (Reuters) - Jordan's foreign minister said on Saturday that he did not understand how Israel's goal of obliterating the Palestinian militant group Hamas it is fighting in Gaza could be achieved. "Israel says it wants to wipe out Hamas. We'll do whatever it takes to stop it" said Safadi at the IISS Manama Dialogue security summit in Bahrain. The Israel-Hamas war has reawakened long-standing fears in Jordan, home to a large population of Palestinian refugees and their descendants.

Persons: Ayman Safadi, Antony Blinken, Sameh Shoukry, Al Sukhni, Jordan, Alexander Cornwell, Andrew Gray, Kim Coghill, Michael Georgy, Tomasz Janowski Organizations: Jordanian, U.S, Foreign, REUTERS, Rights, West Bank, Thomson Locations: Amman, Jordan, Rights MANAMA, Gaza, Israel, Manama, Bahrain, The Israel

☆ Hezbollah, Israel trade strikes at Lebanese border in latest escalation
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] Smoke rises on the Lebanese side of the border between Israel and Lebanon after an Israeli airstrike, as seen from northern Israel, November 18, 2023. The Iran-backed Hezbollah said it shot down an Israeli drone near the border in the early hours of Saturday. The Israeli military did not immediately comment on the incident. Hezbollah released a series of statements early on Saturday saying it had hit Israeli military sites and troops in areas along the border and caused casualties. Hezbollah has attacked Israeli troops at the Lebanese border since the latest Gaza war began and Israel has launched air and artillery strikes against southern Lebanon.

Persons: Evelyn Hockstein, Hani Kobeissy, John Davison, Tomasz Janowski Organizations: REUTERS, Rights, Hezbollah, Palestinian, Hamas, United, Thomson Locations: Israel, Lebanon, Rights BEIRUT, Lebanese, United States, Iran, Israeli, Nabatieh, Gaza, Beirut

☆ Jordan Minister Doubts Israel Can Wipe Out Hamas
▼ + stars: | 2023-11-18 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

By Alexander CornwellMANAMA (Reuters) - Jordan's foreign minister said on Saturday that he did not understand how Israel's goal of obliterating the Palestinian militant group Hamas it is fighting in Gaza could be achieved. "Israel says it wants to wipe out Hamas. There's a lot of military people here, I just don't understand how this objective can be realized," said Ayman Safadi. We'll do whatever it takes to stop it" said Safadi at the IISS Manama Dialogue security summit in Bahrain. The Israel-Hamas war has reawakened long-standing fears in Jordan, home to a large population of Palestinian refugees and their descendants.

Persons: Alexander Cornwell MANAMA, Ayman Safadi, Jordan, Alexander Cornwell, Andrew Gray, Kim Coghill, Michael Georgy, Tomasz Janowski Organizations: West Bank Locations: Gaza, Israel, Manama, Bahrain, The Israel, Jordan

☆ Russia launches major drone attack on Ukraine, infrastructure hit
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

KYIV, Nov 18 (Reuters) - Russia launched a major drone attack on Ukraine overnight, hitting infrastructure facilities in the south and north of the country, the Ukrainian military said on Saturday. Ukraine air defence shot down 29 out of 38 Iranian-made Shahed drones launched from Russian territory, the air force said. The air force said in a statement the attack on many Ukrainian regions lasted from 8 p.m. (1800 GMT) on Friday to 4 a.m. on Saturday. The South military command said an energy infrastructure facility was hit in the southern Odesa region. In Ukraine's northern Chernihiv region on the border with Russia and Belarus, two infrastructure buildings were damaged during the overnight strike, the military said.

Persons: Olena Harmash, Tomasz Janowski Organizations: Thomson Locations: Russia, Ukraine, Ukraine's, Chernihiv, Belarus

☆ Georgia boils Caucasian grape candy as wine harvest ends
▼ + stars: | 2023-11-17 | by ( David Chkhikvishvili | ) www.reuters.com time to read: +2 min

REUTERS/Roman Churikov/ File Photo Acquire Licensing RightsTBILISI, Nov 17 (Reuters) - Georgia's grape harvest may be over, but vineyard owner and hotelier George Piradashvili's work for the year is far from finished. At his winery in the eastern region of Khakheti, Piradashvili is boiling leftover grape juice from this year's harvest - on strings, together with flour and walnuts, to produce a signature delicacy: churchkhela. Throughout Georgia, the sticks of hard-boiled grape juice studded with walnuts hang from market stalls and shops. Chewy churchkhela sticks go some way to sweetening an otherwise heavy and often spicy diet. The grape juice must be stirred to prevent it setting too soon as it boils and thickens in great vats for hours on end - a highly physical task.

Persons: George Piradashvili, George Piradashvili's, Piradashvili, Fabrizio, Gvantsa, Felix Light, Kevin Liffey, Tomasz Janowski Organizations: REUTERS, Rights, Thomson Locations: Telavi , Georgia, Rights TBILISI, Khakheti, Throughout Georgia, Georgia, Russia, Turkey, Tbilisi, Argentina

☆ UBS CEO: confident it will win back some of Credit Suisse business
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsZURICH, Nov 16 (Reuters) - UBS (UBSG.S) chief executive Sergio Ermotti voiced optimism on Thursday that the Swiss bank will be able to attract some of the assets that have left Credit Suisse, its former rival it has taken over earlier this year. "I am pretty confident that we will continue to see some good winbacks from assets that left Credit Suisse," Ermotti told a conference organised by the Swiss Finance Institute. He also said he did not expect Credit Suisse's integration to extend beyond 2026. Reporting by Noele Illien Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Sergio Ermotti, Ermotti, Noele, Tomasz Janowski Organizations: Credit Suisse, UBS, REUTERS, Rights, Swiss Finance Institute, Thomson Locations: Zurich Switzerland, Swiss

☆ After Battle With Junta, Myanmar Rebels Take Control of Border Point With India
▼ + stars: | 2023-11-15 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

Most of the nearly 5,000 Myanmar nationals who had fled to India to escape intense fighting between the rebels and Myanmar military since early Monday morning had returned home as the situation calmed down, local leaders said. Rebel forces intend to take control of part of the porous border with India. Surrounded by lush green hills, the Chin flag was hoisted on a gate that welcomed visitors to the Republic of the Union of Myanmar at the Zokhawthar border crossing. Among those fleeing the attacks near Zokhawthar on Monday were 43 Myanmar soldiers who escaped the surprise attack by the rebels and entered India. The Indian authorities eventually sent most of them back by flying them to another border crossing point a few hundred km east.

Persons: Chanchinmawia, ”, Ramtharnghaka, Krishn Kaushik, Tomasz Janowski Organizations: Union of Myanmar, Assam Rifle, Chinland Defence Force, People’s Defence Force, Chin National Army, Young Mizo Association Locations: Chanchinmawia ZOKHAWTHAR, India, Myanmar’s Chin, Mizoram, Myanmar, China, Shan State, Rakhine, Chin, India’s Zokhawthar, Republic of, Union, Zokhawthar

☆ After battle with junta, Myanmar rebels take control of border point with India
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

ZOKHAWTHAR, India, Nov 15 (Reuters) - Two days after rebel forces in Myanmar’s Chin state overran the junta’s two military bases close to the border with India, they have taken control of a border crossing point between the two countries across the tiny hilly Indian state of Mizoram. Most of the nearly 5,000 Myanmar nationals who had fled to India to escape intense fighting between the rebels and Myanmar military since early Monday morning had returned home as the situation calmed down, local leaders said. Rebel forces intend to take control of part of the porous border with India. Surrounded by lush green hills, the Chin flag was hoisted on a gate that welcomed visitors to the Republic of the Union of Myanmar at the Zokhawthar border crossing. Among those fleeing the attacks near Zokhawthar on Monday were 43 Myanmar soldiers who escaped the surprise attack by the rebels and entered India.

Persons: ”, Ramtharnghaka, Chanchinmawia, Krishn Kaushik, Tomasz Janowski Organizations: Union of Myanmar, Assam Rifle, Chinland Defence Force, People’s Defence Force, Chin National Army, Young Mizo Association, Thomson Locations: ZOKHAWTHAR, India, Myanmar’s Chin, Mizoram, Myanmar, China, Shan State, Rakhine, Chin, India’s Zokhawthar, Republic of, Union, Zokhawthar

☆ SNB 'will not hesitate' to tighten monetary policy further-chairman
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Thus, we will not hesitate to tighten monetary policy further if necessary," Jordan said at a central bank conference in Zurich. With inflation rates lower and interest rates higher than they were a year ago, Jordan said it has become considerably more difficult to balance the risk of tightening monetary policy too much against the risk of tightening it too little. "Given the high uncertainty regarding the economic outlook, there is no clearly mapped-out path for monetary policy in the near future," Jordan said. In September the SNB held its policy interest rate unchanged at 1.75%, noting that inflation has ebbed lower in Switzerland, but said a further tightening cannot be ruled out. Reporting by Noele Illien Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Jordan, Jordan, Noele, Tomasz Janowski Organizations: Swiss National Bank, Thomson Locations: ZURICH, Zurich, Switzerland

☆ UK tells Uber Eats, Deliveroo and Just Eat to tighten rider account controls
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] A man pushes a trolly of Coke cans as an Uber Eats rider passes by in Brick Lane in London, Britain, April 1, 2023. Food delivery companies make initial checks on those who want to work for them, ensuring their age and their legal right to work in Britain. Riders work for the meal delivery companies on a self employed basis that gives them a legal right to subcontract deliveries to a substitute. "This includes ensuring couriers are over the age of 18, carrying out basic criminal checks (DBS), and making sure they have the right to work in the UK." Deliveroo said it had "a zero tolerance approach" towards any rider who failed to meet their legal obligations.

Persons: Uber, Kevin Coombs, Robert Jenrick, Deliveroo, Sarah Young, Paul Sandle, William James, Tomasz Janowski Organizations: REUTERS, Office, Thomson Locations: Brick Lane, London, Britain

☆ Thailand drops joint patrols with Chinese police after public backlash
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jorge Silva/File Photo Acquire Licensing RightsBANGKOK, Nov 14 (Reuters) - Thailand rolled back on Tuesday plans of joint patrols with Chinese police in popular tourist spots after public backlash. Tourism officials on Sunday floated the idea of having Chinese and Thai police patrol much-visited areas to build confidence among tourists, including Chinese nationals. "There are many alternative ways to build confidence for tourists in Thailand ... but we will not have joint patrols," Tourism Minister Sudawan Wangsuphakijkosol told reporters on Tuesday. "The Thai police force is already adequate and are working hard to restore confidence," Sudawan said. Restoring confidence is critical for Thailand's tourism industry, especially among Chinese visitors.

Persons: Helen Yi, Jorge Silva, Sudawan Wangsuphakijkosol, Sudawan, Chayut Setboonsarng, Tomasz Janowski Organizations: REUTERS, Rights, Tourism, Sunday, Thomson Locations: Taiwan, Siam, Bangkok, Thailand, Rights BANGKOK

Powell's remarks on Thursday that the fight to restore price stability "had a long way to go" at first roiled markets. "If we were to get a low CPI next week, yields can come down around that number and we may get some weakening in the dollar." MSCI's gauge of global equity performance (.MIWD00000PUS) gained 0.54%, while stocks on Wall Street surged 1% or more. U.S. Treasury yields rose sharply on Thursday after a very weak 30-year bond auction. U.S. crude rose $1.43 to settle at $77.17 a barrel, while Brent settled up $1.42 at $81.43 a barrel.

Persons: Kim Kyung, Jerome Powell, Michael James, Thierry Wizman, Wizman, Mullarkey, Tapas Strickland, Brent, Nell Mackenzie, Dhara Ranasignhe, Tomasz Janowski, Richard Chang Organizations: Tokyo Stock Exchange, REUTERS, Wall, Federal, Wedbush Securities, Fed, FX, Dow Jones, Nasdaq, U.S, Treasury, SLC Management, Reuters, NAB, New, Thomson Locations: Tokyo, Japan, Los Angeles, Macquarie, New York, Europe, Boston, China, Beijing, New Zealand, London

"If we were to get a low CPI next week, yields can come down around that number and we may get some weakening in the dollar," Wizman said. The two-year Treasury yield, which reflects interest rate expectations, fell 0.2 basis points to 5.020%, while the benchmark 10-year yield was down 3.2 basis points at 4.598%. Traders would be keeping a close watch on interest rate volatility, said Schneller, noting major market fluctuations recently. "A primary cause for this volatility is the debate over whether the current Fed funds rate is overly high or insufficient." In currency markets, the dollar index rose 0.019% to 105.91, with the euro up 0.04% to $1.067.

Persons: Kim Kyung, Powell, Jerome Powell, Thierry Wizman, Wizman, Powell's, Bruno Schneller, Schneller, Tapas Strickland, Brent, Nell Mackenzie, Dhara Ranasignhe, Tomasz Janowski, Richard Chang Organizations: Tokyo Stock Exchange, REUTERS, Global, International Monetary Fund, Fed, FX, Dow Jones, Nasdaq, Treasury, INVICO Asset Management, Reuters Graphics U.S, NAB, New, Thomson Locations: Tokyo, Japan, Macquarie, New York, China, Beijing, New Zealand, London

Many U.S. oil producers are pumping only enough oil to keep production flat and turning over more profit to investors. Shale gas producers have struggled all year and have not been able to reduce drilling fast enough to counter weak prices. But U.S. oil and gas producers are not looking to spend more, executives said. NOV's average earnings estimate for the fourth quarter was slashed by 7%, while pressure pumping provider Liberty Energy (LBRT.N)'s was trimmed by 3%. "At this point, we still are counting on the fourth quarter to be worse," said Rystad analyst Justin Mayorga.

Persons: Clay Williams, Michael Stock, Justin Mayorga, Samuel Sledge, Kevin Neveu, Helmerich, Payne, Neveu, Baker Hughes, Arathy Somasekhar, Tomasz Janowski Organizations: HOUSTON, Street, North, Liberty Energy, ProPetro, Rystad Energy, INTERNATIONAL, Exxon Mobil, Chevron, Drilling, Halliburton, Thomson Locations: U.S, North America, Alaska, Hawaii, United States, Kuwait, American, Houston

☆ Japan's Japex raises profit forecast on higher oil, weaker yen
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Nov 10 (Reuters) - Japan Petroleum Exploration Co (Japex) (1662.T) on Friday raised its full-year net profit and dividend forecast as higher-than-expected oil prices and weaker yen are set to support results. Japex increased net profit forecast for the year ending in March 2024 by 32% to 45 billion yen ($297.2 million) from its August prediction and raised annual dividend forecast to 250 yen per share from 200 yen. "We now expect stronger earnings as firmer-than-expected oil prices and the yen's depreciation will boost our sales prices of oil and natural gas," Michiro Yamashita, senior managing executive officer, told a press conference. Its half-year net profit was down 12% to 27.8 billion yen due to a fall in oil prices from a year earlier and smaller gains from its equity holdings in some overseas energy projects. An absence of profit contribution from Russia's Sakhalin 1 oil and gas project where Japex holds a stake via Sakhalin Oil and Gas Development Co (SODECO) reduced non-operating profit by about 3 billion yen for the first-half, Yamashita said.

Persons: Michiro Yamashita, Japex, Yamashita, SODECO, Vladimir Putin, Japan's, Russia's, ONGC, Yuka Obayashi, Katya Golubkova, Tomasz Janowski Organizations: Japan Petroleum Exploration Co, Sakhalin Oil, Gas Development, Exxon, U.S ., Thomson Locations: TOKYO, Russia's Sakhalin, Sakhalin, Russian, U.S, Ukraine

☆ Take Five: That rate cut trade
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Nov 10 (Reuters) - Markets are keen to trade rate cuts and big central banks are pushing back, shining a new light on upcoming data in that tug of war. Traders, anticipating roughly three quarter-point Fed rate cuts next year, will now turn their attention to Tuesday's inflation data to confirm their view on the outlook. A sharper cooling could fan the peak rate talk, fuelled by October's employment report, which pointed to an easing in labor markets. Reuters Graphics Reuters Graphics3/ ONCE BITTENThe robust dollar suddenly appears vulnerable to the push and pull in the market's Fed rate cut bets. The data could also help justify, or challenge, recent remarks from BoE chief economist Huw Pill that mid-2024 could be the time for rate cuts.

Persons: Brendan McDermid, Lewis Krauskopf, Kevin Buckland, Danilo Masoni, Alun John, Dhara, Jerome Powell, Ping, Powell, Rishi Sunak, Sunak, BoE, Huw Pill, Sumanta Sen, Pasit, Riddhima Talwani, Prinz Magtulis, Jayaram, Dhara Ranasinghe, Tomasz Janowski Organizations: New York Stock Exchange, REUTERS, Traders, Reuters, Beijing, Reuters Graphics Reuters, Bank of England, Thomson Locations: New York City, U.S, China, New York, Tokyo, Milan, London, Washington, September's, Germany, Europe, ITALY, Italy

☆ Cartier owner Richemont sees growth easing as economic worries rise
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

Richemont's constant currency sales growth eased from a 19% rate in the April to June period to a 5% rate in the following three months. The company posted a profit of 1.51 billion euros, worse than the 2.17 billion euros forecast by analysts in a consensus cited by Zuercher Kantonalbank. "Growth eased in the second quarter as inflationary pressure, slowing economic growth and geopolitical tensions began to affect customer sentiment, compounded by strong comparatives," said Chairman Johann Rupert in a statement. "Consequently, we have seen a broad-based normalisation of market growth expectations across the industry." While jewellery - traditionally more resilient to economic swings - continued to shine with constant currency sales up 9%, watch sales fell 4%.

Persons: Regis, Cartier, Vacheron Constantin, LVMH, Zuercher Kantonalbank, Johann Rupert, Kepler, Jon Cox, John Revill, Mimosa, Miranda Murray, Shri Navaratnam, Tomasz Janowski Organizations: Cartier, Vendome, REUTERS, Rights, IWC, Thomson Locations: Paris, France, Swiss, United States, Europe, China

☆ LSEG chief Schwimmer: IPOs to return 'when the environment stabilises'
▼ + stars: | 2023-11-10 | by ( Vidya Ranganathan | ) www.reuters.com time to read: +3 min

LSEG (London Stock Exchange Group) CEO David Schwimmer speaks during the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. "IPOs will come back, when the environment stabilises and improves," Schwimmer told Reuters in an interview in Singapore. "The reforms that the FCA is putting through, they're moving relatively quickly, but the markets move quickly too. LSEG bought Refinitiv for $27 billion in early 2021, turning the exchange into a major market data company overnight to challenge rival Bloomberg. Schwimmer said the roll0out of the new partnership product in 2024 will make it easy for customers to use LSEG data in a cloud environment.

Persons: David Schwimmer, Brendan McDermid, Schwimmer, LSEG, Vidya Ranganathan, Lawrence White, Sharon Singleton, Tomasz Janowski Organizations: London Stock Exchange Group, Reuters, REUTERS, Rights, European Union, Amsterdam, London, EU, Bloomberg, Thomson Reuters, Reuters News, Investors, Microsoft, Thomson Locations: New York City , New York, U.S, Rights SINGAPORE, London, New York, Singapore, Ukraine, Gaza, LSEG

☆ Euro zone inflation could tick up in coming months: Lagarde
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Nov 10 (Reuters) - Euro zone inflation could tick up in the coming months but European Central Bank interest rates held at their current level at least for several quarters could still get price growth back to 2%, ECB President Christine Lagarde said on Friday. "There will be a resurgence of probably higher numbers going forwards and we should be expecting that," Lagarde told a Financial Times event. Still, Lagarde hinted that even if inflation picks up, another rate hike may not be needed. When asked what long enough means, Lagarde said no change should be expected in the "next couple of quarters". Reporting by Balazs Koranyi; editing by Christina Fincher, Tomasz Janowski and David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Christine Lagarde, Lagarde, Francois Villeroy de Galhau, Philip Lane, Balazs Koranyi, Christina Fincher, Tomasz Janowski, David Evans Organizations: Central Bank, ECB, Financial, European Union, Thomson Locations: FRANKFURT, French

☆ Once-in-a-century flooding swamps Somalia after historic drought -UN
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

MOGADISHU, Nov 10 (Reuters) - The United Nations has described floods that uprooted hundreds of thousands of people in Somalia and neighbouring countries in East Africa following a historic drought as a once-in-a-century event. Large-scale displacement, increased humanitarian needs and further destruction of property remain likely, OCHA said, with some 1.5 million hectares (3.70 million acres)of farmland potentially being destroyed. "Extreme weather linked to the ongoing El Niño risks further driving up humanitarian needs in already-vulnerable communities in Somalia and many other places," said Martin Griffiths, Under-Secretary-General, the UN's Humanitarian Affairs and Emergency Relief Coordinator. "We know what the risks are, and we need to get ahead of these looming crises," he said. Reporting by Abdi Sheikh in Mogadishu and Hereward Holland in Nairobi; Writing by Hereward Holland Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: El Niño, Camps, OCHA, Martin Griffiths, Abdi Sheikh, Hereward, Hereward Holland, Tomasz Janowski Organizations: United Nations, UN Office, Humanitarian Affairs, UN's Humanitarian Affairs, Emergency, Thomson Locations: MOGADISHU, Somalia, East Africa, Kenya, Mogadishu, Hereward Holland, Nairobi

☆ LME appoints new technology manager to strengthen expertise for flagship project
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018. The LME is the world's largest and oldest forum for metals. Its three-year-long flagship project to overhaul its electronic trading system faces up to a year of further delays and mounting costs, four people with knowledge of the matter told Reuters in October. From Jan. 15, Baldwin will join the LME, succeeding Mario Quonils who has decided to relocate back to Germany, the LME, owned by Hong Kong Exchanges and Clearing (0388.HK), said in a statement. "Alistair's knowledge and expertise in running in-house technology platforms will prove invaluable in this regard," he added.

Persons: Simon Dawson, Alistair Baldwin, Baldwin, Mario Quonils, Alistair, Richard Leung, Polina Devitt, Tomasz Janowski Organizations: London Metal Exchange, REUTERS, Companies Hong Kong Exchanges, NatWest Markets, Reuters, Hong Kong Exchanges, HK, HKEX Group, Thomson Locations: London, Britain, Germany

☆ Law firm Allen & Overy hit by 'data incident'
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kacper Pempel/Files Acquire Licensing RightsLONDON, Nov 9 (Reuters) - Allen & Overy has suffered a "data incident", the London-founded law firm said on Thursday, after social media posts suggested it had been hacked by the Lockbit cybercrime gang. An Allen & Overy spokesperson said the firm had "experienced a data incident impacting a small number of storage servers", but its email and document management system had not been affected. The spokesperson also said Allen & Overy has suffered "some disruption", but that it continued to operate normally. Lockbit took credit for the hack and gave a deadline of Nov. 28 for Allen & Overy to negotiate, according to the criminal group's website on the dark web. The cyber attack on Allen & Overy follows last month's confirmation of its merger with U.S. law firm Shearman & Sterling, to create one of the world's largest legal practices.

Persons: Kacper, Overy, Lockbit, Allen, Wales –, Shearman, Sam Tobin, James Pearson, Sarah Young, Tomasz Janowski Organizations: Allen, Financial Times, Overy, Overy's, Boeing, Royal, Authority, Wales, U.S, Sterling, Thomson Locations: Warsaw, London, United States, Britain, England

China's foreign ministry said on Friday the lender is striving to minimise risk impact and losses after the attack. "We don't often see a bank this large get hit with this disruptive of a ransomware attack," said Allan Liska, a ransomware expert at the cybersecurity firm Recorded Future. TRADES CLEAREDICBC said it had successfully cleared Treasury trades executed on Wednesday and repurchase agreements (repo) financing trades done on Thursday. Some market participants said trades going through ICBC were not settled due to the attack and affected market liquidity. The Treasury market appeared to be functioning normally on Thursday, according to LSEG data.

Persons: Kim Kyung, ICBC, Wang Wenbin, Wang, Lockbit, Allan Liska, Scott Skrym, Michael Gladchun, Loomis Sayles, SIFMA, Urvi, Pete Schroder, Gertrude Chavez, Davide Barbuscia, Carolina Mandl, Paritosh Bansal, Joe Cash, Stephen Coates, Tomasz Janowski Organizations: Commercial Bank of China Ltd, REUTERS, Industrial, Commercial Bank of China, Commercial Bank of China's, U.S . Treasury, ICBC Financial Services, Cybersecurity, Infrastructure Security Agency, Boeing, U.S . Treasury Department, Treasury, Securities, Financial Times, U.S . Securities Industry, Financial Markets Association, Thomson Locations: Beijing, China, U.S, Bengaluru, Washington, Carolina

☆ Abu Dhabi's ADNOC makes new bid for stake in Brazil's Braskem; shares soar
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +3 min

Logos of ADNOC are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai Acquire Licensing RightsSAO PAULO, Nov 9 (Reuters) - Brazilian petrochemical producer Braskem (BRKM5.SA) on Thursday said Abu Dhabi oil company ADNOC (ADNOC.UL) has presented a new non-binding offer to buy conglomerate Novonor's stake in the firm. The petrochemical company cited a letter exchange with Novonor in its filing. The conglomerate would be granted a minority stake of up to 3% in Braskem following the deal, Braskem added. ADNOC had previously presented a joint cash-and-debenture offer alongside U.S. asset manager Apollo (APO.N) for Braskem, with other bidders for the firm including Brazil's Unipar Carbocloro (UNIP6.SA) and J&F.

Persons: Toru Hanai, Braskem, ADNOC, Folha de S.Paulo, BTG, Pedro Soares, we're, Brazil's Unipar, Gabriel Araujo, Steven Grattan, Tomasz Janowski, David Evans Organizations: REUTERS, SAO PAULO, Petrobras, PETR4, Novonor's, Sao Paulo, Novonor, Folha de, ADNOC, U.S, Apollo, Thomson Locations: Gastech, Chiba, Japan, Abu Dhabi, Sao, Braskem

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