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☆ India Needs to Take Canada's Allegations Seriously, Trudeau Says After US Case
▼ + stars: | 2023-11-29 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

OTTAWA (Reuters) - U.S. allegations that an Indian government official directed an unsuccessful plot to assassinate a Sikh separatist on U.S. soil underscores the need for India to take similar allegations by Canada seriously, Canadian Prime Minister Justin Trudeau said on Wednesday. "The news coming out of the United States further underscores what we've been talking about from the very beginning, which is that India needs to take this seriously," Trudeau told reporters in Ottawa. The U.S. charges come about two months after Canada said there were "credible" allegations linking Indian agents to the murder of a Sikh separatist leader, Hardeep Singh Nijjar, in a Vancouver suburb, in June. India has rejected that allegation. (Reporting by Ismail Shakil and Steve Scherer in Ottawa; Editing by Chizu Nomiyama)

Persons: Justin Trudeau, Trudeau, Hardeep Singh Nijjar, Ismail Shakil, Steve Scherer, Chizu Nomiyama Organizations: OTTAWA, Indian, Canadian, U.S . Justice, New York City Locations: U.S, India, Canada, New York, United States, Ottawa, The U.S, Vancouver

"We have decided to unanimously declare unconstitutional the entire law 406 of October 20, 2023," Supreme Court President Maria Eugenia Lopez said. First Quantum acknowledged the ruling and affirmed its "unwavering commitment to regulatory compliance in all aspects of our operations within the country." Panama President Laurentino Cortizo said the country will abide by the court ruling. For First Quantum, the Panama ruling would be a repeat of its decade-old experience in the Democratic Republic Of Congo. The company exited DRC in 2012 after it filed an arbitration procedure against the African country for cancelling its mining contract.

Persons: Aris Martinez, Maria Eugenia Lopez, Quantum, Laurentino Cortizo, Morgan, Ricardo Martinelli, Leonardo Di Caprio, Elida Moreno, Valentine Hilaire, Natalia Siniawski, Denny Thomas, Chizu Nomiyama, Mark Porter Organizations: Minerals, REUTERS, PANAMA CITY, Reuters, Panama, London Metal Exchange, Central, RBC, Democratic, Natural Resources Corporation PLC, Cobre, Thomson Locations: Panama's, Panama, Panama City, PANAMA, Central American, Democratic Republic Of Congo, Hollywood, Cobre Panama

☆ US consumer confidence rises in November
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

A woman carries shopping bags during the holiday season in New York City, U.S., December 21, 2022. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsWASHINGTON, Nov 28 (Reuters) - U.S. consumer confidence rose in November after three straight monthly declines, though households continued to anticipate a recession over the next year, a survey showed on Tuesday. The Conference Board said its consumer confidence index increased to 102.0 this month from a downwardly revised 99.1 in October. Economists polled by Reuters had forecast the index dipping to 101.0 from the previously reported 102.6. Reporting by Lucia Mutikani; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Eduardo Munoz, Lucia Mutikani, Chizu Organizations: REUTERS, Rights, Board, Reuters, Thomson Locations: New York City, U.S

☆ Israeli, U.S. spy chiefs meet Qatari PM to discuss 'building on' Gaza truce - source
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

The outcome of the talks, which were also attended by Egyptian officials, was unclear, the source added. Health authorities in Gaza say Israel's bombardment of the tiny, densely populated territory has so far killed more than 15,000 people, around 40% of them children. During the first four days of the truce, Hamas fighters released 50 Israeli women and children who had been taken hostage. As part of the two-day truce extension Hamas has agreed to release an additional 10 Israeli women and children each day. So far, there is no indication that Hamas is willing to release any Israeli men or military personnel among those taken captive.

Persons: William Burns, Burns, David Barnea, Sheikh Mohammed Bin Abdulrahman, Thani, Barnea, Sheikh Mohammed, Andrew Mills, Doina Chiacu, Nadine Awadalla, Alison Williams, Gareth Jones Organizations: U.S . Central Intelligence Agency, CIA, Palestinian, Hamas, Reuters, Egyptian, U.S, Qatari, Qatar, Israel, Health, Thomson Locations: DUBAI, Doha, Israel, Gaza, Qatar, Washington

☆ Putin won't make peace in Ukraine before 2024 US election -US official
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Residents watch tank cars set ablaze following recent shelling at a railway junction in the course of Russia-Ukraine conflict in Donetsk, Russian-controlled Ukraine, October 31, 2023. Trump, who is seeking reelection in 2024 and is the leading candidate for the Republican presidential nomination, has been sharply critical of U.S. support for Kyiv. A senior official briefing reporters after a meeting of NATO foreign ministers in Brussels said the alliance reiterated its support for Ukraine knowing that a peace agreement in the next year is unlikely. "My expectation is that Putin won't make a peace or a meaningful peace before he sees the result of our election," said the official, who spoke on condition of anonymity to discuss the outcomes of the meeting. "That was the context in which the allies all expressed strong support for Ukraine" in the NATO meeting on Tuesday, the official added, without mentioning Trump by name or explicitly saying how the election result would affect support for Ukraine.

Persons: Stringer, Vladimir Putin, Donald Trump, Trump, Putin, Joe Biden, Volodymyr Zelenskiy, Humeyra Pamuk, Simon Lewis, Chizu Organizations: REUTERS, Rights, U.S . State Department, Kyiv, Republican, ., NATO, Trump, Democrat, Representatives, Thomson Locations: Russia, Ukraine, Donetsk, Russian, Rights BRUSSELS, U.S, Brussels, Kyiv

[1/4] A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. In precious metals, gold hit a six-month high with a boost from the softer dollar and expectations for a pause in Fed tightening. There's a growing sense the economy is slowing, that price growth will likely continue to fall, that profit growth will likely fall," said Jack Ablin, chief investment officer at Cresset Capital, in Chicago. The U.S. dollar index slid against most major currencies on Monday and was on track for a monthly decline of more than 3%, which would be its biggest monthly drop in a year. The dollar index was down 0.203%, with the euro up 0.11% to $1.0951.

Persons: Brendan McDermid, Brent, Jack Ablin, Ablin, Christine Lagarde, Jim Barnes, Sterling, Sinéad Carew, Chuck Mikolazczak, Harry Robertson, Wayne Cole, Stephen Coates, Ed Osmond, Chizu Nomiyama, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Treasury, U.S, Federal Reserve, Cresset, Dow Jones, Nasdaq, European Central Bank, Central, Reuters Graphics Oil, Thomson Locations: New York City, U.S, Europe, OPEC, Chicago, Bryn Mawr, Berwyn , Pennsylvania, Israel, New York, London, Sydney

☆ UN chief says extended Gaza truce not enough to meet aid needs
▼ + stars: | 2023-11-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

UNITED NATIONS, Nov 27 (Reuters) - United Nations Secretary-General Antonio Guterres described an extended truce between Israel and Palestinian militants Hamas on Monday as "a glimpse of hope and humanity," but warned it was not enough time to meet the aid needs of the Gaza Strip. The United Nations has been delivering some humanitarian aid to Gaza via the Rafah border crossing from Egypt. The United Nations also wants to be able to use the Kerem Shalom border crossing, controlled by Israel. United Nations Secretary-General Antonio Guterres speaks at the United Nations prior to a meeting about the ongoing conflict in Gaza, at the United Nations Headquarters in New York City, U.S., November 6, 2023. "The United Nations will continue to support these efforts in every possible way," Dujarric said in a statement.

Persons: Antonio Guterres, Guterres, Caitlin Ochs, Stephane Dujarric, Dujarric, Michelle Nichols, Chizu Nomiyama, Mark Potter Organizations: UNITED NATIONS, United Nations, Hamas, United Nations Headquarters, REUTERS, Thomson Locations: Israel, Gaza, Qatar, Rafah, Egypt, New York City, U.S

[1/2] U.S. Secretary of State Antony Blinken disembarks from his airplane upon arrival at Brussels Airport in Brussels, Belgium, on November 27, 2023, as he travels to a NATO foreign ministers' meeting. "We've always said that this is a matter for Ukraine to decide," O'Brien said. At a press conference in Brussels on Monday, NATO Secretary General Jens Stoltenberg said he expected alliance foreign ministers to "reaffirm NATO’s long-term support" for Ukraine. Turkey has informed NATO that its parliament will not complete ratification of the bid ahead of the meetings, sources told Reuters last week. Blinken will also represent the United States at a meeting of the Organization for Security and Co-operation in Europe in Skopje, North Macedonia, this week, O'Brien said.

Persons: Antony Blinken disembarks, SAUL LOEB, Antony Blinken, James O'Brien, Blinken, we've, O'Brien, Biden, We've, Jens Stoltenberg, O, Brien, Stoltenberg, Simon Lewis, Daphne Psaledakis, Andrew Gray, Lisa Shumaker, Chizu Nomiyama, Deepa Babington Organizations: Brussels, NATO, REUTERS Acquire, Rights, Ukraine, State Department, Biden, State, Eurasian, U.S . Congress, Germany's, Reuters, Washington, Organization for Security, Thomson Locations: Brussels, Belgium, Russia, Europe, Gaza, Israel, Washington, Ukraine, United States, Taiwan, Germany, Kyiv, Moscow, Belgian, Turkey, Hungary, U.S, Western Balkans, Kosovo, Skopje, North Macedonia

☆ US consumers worry inflation will pick up again, UMich survey finds
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

"These expectations have risen in spite of the fact that consumers have taken note of the continued slowdown in inflation," survey Director Joanne Hsu said in a statement. But progress this year has been inconsistent, and Fed officials remain wary of the potential for a reversal. That said, the University of Michigan survey results are at odds with other measures of inflation expectations that have shown they have in fact been moderating. A New York Fed survey of consumers last week, for instance, showed inflation expectations over both one-year and five-year horizons eased in October even as the Michigan survey showed them accelerating. Market-based measures of inflation expectations are also declining.

Persons: Joanne Hsu, Quincy Krosby, Dan Burns, Chizu Organizations: Federal Reserve, University of Michigan's, Fed, Global, LPL, University of Michigan, New York Fed, . Treasury, Securities, Thomson Locations: Michigan

☆ FAA approves Boeing to start 737 MAX 10 certification flight tests
▼ + stars: | 2023-11-22 | by ( Valerie Insinna | ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 22 (Reuters) - The Federal Aviation Administration has cleared Boeing (BA.N) to begin certification flight testing of its 737 MAX 10, the largest version of its bestselling jet aimed at seizing the top of the narrowbody market. The FAA granted type inspection authorization for the 737 MAX 10 earlier this week, a milestone that allows FAA pilots to participate in flight testing needed to certify the plane for normal operations, three Boeing executives wrote in a letter to employees. The 737 MAX 10 is Boeing's answer to the A321neo made by European rival Airbus (AIR.PA), which has dominated the lucrative top of the single-aisle market in battles against Boeing's MAX 9. The MAX 10 has so far logged more than 400 flights and almost 1,000 flight hours during Boeing's test program. Boeing's MAX 7 - the smallest entrant of the 737 MAX family - is still awaiting FAA certification, expected by the end of 2023.

Persons: Mike Fleming, Boeing's, Ed Clark, Wayne Tygert, Valerie Insinna, Chizu Organizations: Federal Aviation Administration, Boeing, FAA, Airbus, Boeing's, Thomson

☆ Binance sees $956 mln in outflows after Zhao steps down to settle U.S. probe
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Zhao has been replaced by Richard Teng, a senior Binance executive who joined in 2021, the company said. "Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it’s quite small," Nansen analysts said. Investors pulled around $1.43 billion from the crypto exchange and its U.S. affiliate in June after the U.S. Securities and Exchange Commission sued the companies. While authorities have probed Zhao and Binance for years, Zhao's exit marks a dramatic development for one of the most powerful figures in the crypto industry.

Persons: Dado Ruvic, Nansen, Changpeng Zhao, Zhao, Richard Teng, Binance, Zhao's, Lisa Pauline Mattackal, Jonathan Stempel, Chris Prentice, Michelle Price, Anil D'Silva Organizations: REUTERS, Investors, U.S, U.S . Securities, Exchange Commission, Justice Department, Thomson Locations: Nansen, Dubai, Seattle, United States, Bengaluru, New York

☆ 'There's no money': Argentina's Milei doubles down on economic shock therapy
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

BUENOS AIRES, Nov 22 (Reuters) - Argentina's libertarian President-elect Javier Milei is sticking by his plans for economic "shock" therapy to fix the country's myriad crises from triple-digit inflation to rising poverty and a dearth of foreign currency reserves. There's no money," Milei told local outlet Neura Media. "I will make a shock adjustment and I will put the economy in a fiscal balance. "A fiscal balance is non-negotiable. The fiscal balance is not under debate.

Persons: Javier Milei, Milei, Sergio Massa, Horaci Soria, Adam Jourdan, Chizu Organizations: Neura, Peronist Economy, Thomson Locations: BUENOS AIRES, Argentina, South America's

☆ US weekly jobless claims fall; business spending on equipment softening
▼ + stars: | 2023-11-22 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Though the weekly jobless claims report from the Labor Department on Wednesday also showed unemployment rolls declining for the first-time since mid-September, they remained near the highs for this year. The claims data covered the period during which the government surveyed businesses for the nonfarm payrolls component of November's employment report. Continuing claims fell 22,000 to 1.840 million during the week ending Nov. 11, the claims report showed. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dipped 0.1% last month, the Commerce Department's Census Bureau said. Business spending on equipment spending contracted in the third quarter.

Persons: Andrew Kelly, Nancy Vanden Houten, Unadjusted, Lucia Mutikani, Paul Simao Organizations: REUTERS, Labor Department, Oxford Economics, Reuters, Fed, Bank of America Institute, Commerce Department, Commerce, Data, Thomson Locations: Manhattan , New York City, U.S, WASHINGTON, New York, California, Kentucky , Oregon , Kentucky, Illinois, Texas, Commerce Department's

China, the world's second-largest economy, is already a major investor in South America and has offered tariff-free access to its huge consumer market to four countries. But Uruguay faces opposition from other members of the Mercosur bloc who want to settle an FTA with Europe instead. By comparison, other major beef exporters Australia and New Zealand, which have FTAs with China, pay tariffs at 3.3% and 0%. The elevation of ties with Uruguay to the level of Brazil and Argentina also pushes the remaining Mercosur member Paraguay further outside China's global trade and investment network. Agriculture-dependent Paraguay, whose main exports include beef and soybeans, is the last South American nation that has ties with democratically governed Taiwan, which China claims as part of its territory, and not with Beijing.

Persons: Xi Jinping, Luis Lacalle Pou, Florence Lo, Lacalle Pou, Xi, Joe Cash, Ryan Woo, Ella Cao, Toby Chopra, Raju Gopalakrishnan, Chizu Nomiyama, Alexander Smith Organizations: Uruguayan, of, People, REUTERS, New Development Bank BEIJING, Mercosur, South, Nations, New Development Bank, China, United, Mercosur CET, National Meat Institute of, China's National Bureau of Statistics, Thomson Locations: Beijing, China, Uruguay, Argentina, Brazil Mercosur, American, Brazil, South America, Chile, Costa Rica, Ecuador, Peru, Europe, Australia, New Zealand, Shanghai, United States, MERCOSUR Uruguay, Brussels, Montevideo, Mercosur, National Meat Institute of Uruguay, Paraguay, Taiwan

☆ 'There's No Money': Argentina's Milei Doubles Down on Economic Shock Therapy
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

BUENOS AIRES (Reuters) - Argentina's libertarian President-elect Javier Milei is sticking by his plans for economic "shock" therapy to fix the country's myriad crises from triple-digit inflation to rising poverty and a dearth of foreign currency reserves. There's no money," Milei told local outlet Neura Media. "I will make a shock adjustment and I will put the economy in a fiscal balance. "A fiscal balance is non-negotiable. The fiscal balance is not under debate.

Persons: Javier Milei, Milei, Sergio Massa, Horaci Soria, Adam Jourdan, Chizu Nomiyama Organizations: BUENOS AIRES, Reuters, Neura, Peronist Economy Locations: BUENOS, Argentina, South America's

☆ US mortgage interest rates fall to two-month low
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

A more timely mortgage tracker also saw the average rate on a 30-year fixed-rate mortgage fall to a two-month low. The third consecutive weekly decline in both gauges comes amid signals that the Federal Reserve is unlikely to raise interest rates further. The dip in mortgage rates meant more would-be purchasers. The MBA's Purchase Composite Index, a measure of all mortgage loan applications for purchase of a single family home, increased 3.9% from the prior week. Sellers locked into lower mortgage rates also continue to hold their homes, keeping housing inventory tight.

Persons: Sarah Silbiger, Freddie Mac, Sellers, Lindsay Dunsmuir, Chizu Nomiyama, Will Dunham Organizations: REUTERS, Mortgage Bankers Association, Federal, Thomson Locations: Washington , U.S, U.S

☆ Stellantis, CATL sign preliminary deal for LFP battery supply in Europe, consider JV
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Stellantis logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado Acquire Licensing RightsMILAN, Nov 21 (Reuters) - Carmaker Stellantis (STLAM.MI) and Chinese EV battery giant CATL (300750.SZ) said on Tuesday they signed a preliminary agreement for the supply of battery cells and modules for the automaker's electric vehicle (EV) production in Europe. The two companies said in a joint statement they were also considering a possible investment to set up a 50-50 joint venture to support the automakers' electrification strategy. Stellantis and CATL said the memorandum of understanding (MoU) announced on Tuesday outlined a long-term collaboration between the two groups, including "identifying opportunities to further strengthen the battery value chain". For its EV battery needs in Europe Stellantis is building three gigafactories, in France, Germany and Italy through its ACC joint venture with Mercedes (MBGn.DE) and TotalEnergies (TTEF.PA), while others might follow in the region.

Persons: David, Dee, Delgado, Alfa Romeo, Stellantis, CATL, Robin Zeng, Carlos Tavares, Giulio Piovaccari, Chizu Organizations: New York, REUTERS, EV, Franco, Jeep, Peugeot, Fiat, Alfa, ACC, Mercedes, Fiat Chrysler, PSA, Thomson Locations: Manhattan , New York City, U.S, Europe, Italian, France, Germany, Italy

OTTAWA, Nov 21 (Reuters) - Canada's annual inflation rate eased more than expected to 3.1% in October and core inflation measures edged down to their lowest levels in about two years, data showed on Tuesday, likely closing the door to further rate hikes. The Bank of Canada (BoC) targets 2% annual inflation. "If the door wasn't already shut to additional rate hikes, it now should be." The bank projects inflation to hover around 3.5% until mid-2024, before trickling down to its 2% target in late 2025. Dragging the annual inflation rate in October was a 7.8% drop in gasoline prices, which benefited from comparison with a price surge in October 2022.

Persons: Royce Mendes, Simon Harvey, Chrystia Freeland, Justin Trudeau's, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajagopal, Chizu Organizations: OTTAWA, Reuters, Statistics, Bank of Canada, BoC, CPI, Desjardins Group, Canadian, Justin Trudeau's Liberal, Thomson Locations: Statistics Canada, Europe, Canada, Ottawa, Toronto

☆ Fifteen killed, 22 injured in Israeli strike on a residential building in southern Gaza
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: 1 min

CAIRO, Nov 21 (Reuters) - Fifteen people were killed and 22 others injured in an Israeli strike on a residential apartment in Khan Younis, southern Gaza on Tuesday night, according to Al Jazeera TV and a Telgram channel affiliated to Hamas. The Qatar-based Al Jazeera TV showed video footage of the apartment site and a number of dead children wrapped in bed sheets while other residents were searching the rubble. The victims and the injured arrived at Nasser Hospital, according to Shehab News Agency, a channel close to Hamas on Telegram. Reporting by Omar Abdel-Razek and Ali Sawafta and Omar Editing by Chris Reese and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Khan Younis, Omar Abdel, Razek, Ali Sawafta, Omar, Chris Reese, Chizu Organizations: Al, Hamas, Nasser Hospital, Shehab News Agency, Telegram, Thomson Locations: CAIRO, Khan, Gaza, Al Jazeera, Qatar

☆ Fifteen Killed, 22 Injured in Israeli Strike on a Residential Building in Southern Gaza
▼ + stars: | 2023-11-21 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

CAIRO (Reuters) - Fifteen people were killed and 22 others injured in an Israeli strike on a residential apartment in Khan Younis, southern Gaza on Tuesday night, according to Al Jazeera TV and a Telgram channel affiliated to Hamas. The Qatar-based Al Jazeera TV showed video footage of the apartment site and a number of dead children wrapped in bed sheets while other residents were searching the rubble. The victims and the injured arrived at Nasser Hospital, according to Shehab News Agency, a channel close to Hamas on Telegram. (Reporting by Omar Abdel-Razek and Ali Sawafta and Omar; Editing by Chris Reese and Chizu Nomiyama)

Persons: Khan Younis, Omar Abdel, Razek, Ali Sawafta, Chris Reese, Chizu Organizations: Al, Hamas, Nasser Hospital, Shehab News Agency, Telegram Locations: CAIRO, Khan, Gaza, Al Jazeera, Qatar

BAGHDAD, Nov 21 (Reuters) - U.S. forces were attacked at an airbase west of Baghdad early on Tuesday and a U.S. military aircraft responded in self-defence, U.S. officials said, in the first U.S. retaliation on Iraqi territory to dozens of recent militant drone and missile attacks. Ain al-Asad airbase was attacked by a close-range ballistic missile which resulted in eight injuries and minor damage to infrastructure, two U.S. officials said. The U.S. had so far limited its response to numerous recent attacks against its forces in Iraq and neighbouring Syria, claimed by Iran-aligned Iraqi militia groups, to three separate sets of strikes in Syria. U.S. and international forces that make up the global coalition to fight the remnants of Islamic State have been targeted more than 60 times in Iraq and Syria since Oct. 17, U.S. officials say. Dozens of U.S. servicemen suffered minor injuries in the attacks but have all returned to duty, U.S. officials say.

Persons: Asad, Timour Azhari, Phil Stewart, Ali Idrees, Andrew Heavens, Alexandra Hudson Organizations: U.S, Israel, Hamas, Washington, Hezbollah, Thomson Locations: BAGHDAD, Baghdad, U.S, Ain, Iranian, Iraq, Syria, Iran, Gaza, Israel, State, Washington

☆ GM Cruise cofounder, senior exec Dan Kan quits day after CEO exit
▼ + stars: | 2023-11-20 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +2 min

REUTERS/Elijah Nouvelage/File Photo Acquire Licensing RightsNov 20 (Reuters) - General Motors' (GM.N) Cruise co-founder and chief product officer Daniel Kan has resigned, the company told Reuters on Monday, a day after Cruise CEO Kyle Vogt quit. A spokesperson for Cruise said Kan announced his resignation in a Slack message. In his message to employees, seen by Reuters, Kan noted that Cruise had been serving 10,000 rides per week. GM shuffled leadership at Cruise including naming general counsel Craig Glidden as chief administrative officer, bringing in a third-party safety officer and appointing co-presidents. U.S. Transportation Secretary Pete Buttigieg told reporters on Monday the federal government will do everything it can using existing regulatory powers to ensure that Cruise and other autonomous vehicles are deployed safely.

Persons: Elijah Nouvelage, Cruise, Daniel Kan, Kyle Vogt, Kan, Vogt, Kan didn't, Craig Glidden, Pete Buttigieg, Greg Bensinger, Chizu Nomiyama, Chris Reese, Cynthia Osterman Organizations: GM Bolt, REUTERS, General Motors, Reuters, Cruise, GM, U.S . Transportation, Thomson Locations: San Francisco , California, U.S, United States, San Francisco

Nov 20 (Reuters) - The United Auto Workers (UAW) said Monday that 64% of workers at the Detroit Three automakers voted to ratify new record contracts after a six-week targeted strike, as the union turns its attention to organizing foreign-owned and Tesla auto plants. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. In recent weeks, Hyundai Motor (005380.KS), Toyota Motor (7203.T) and Honda Motor (7267.T) have all announced they would hike U.S. factory wages after the UAW contract. Fain told Reuters last week that the UAW was getting expressions of interest in organizing from many Tesla (TSLA.O) workers. Automakers, looking to trim costs as they make the shift to electric vehicles, face higher hourly labor costs.

Persons: Shawn Fain, Fain, Joe Biden, Biden, ”, Jim Farley, Farley, Mary Barra, Gerald Johnson, Mark Stewart, David Shepardson, Chizu Nomiyama, Sriraj Kalluvila, Jonathan Oatis, Aurora Ellis Organizations: United Auto Workers, UAW, Detroit Three, Hyundai Motor, Toyota, Honda, Reuters, “, Tesla, Ford, General Motors, Thomson Locations: U.S, Washington

☆ Dollar falls to 2-1/2 month low on Fed expectations, yen strengthens
▼ + stars: | 2023-11-20 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Markets have priced out any additional Fed rate hikes, as recent data has shown a slowing of the economy and inflation pressures - but not enough to increase fears a sharp recession is looming. "The market is convinced, both credit, equities and currencies that the Fed has finished raising rates, but the Fed is not willing to say so. "So you're getting a gradual weakening in the dollar, simply because the Fed is doing its best to prop up rates, not necessarily the dollar, but to prop up rates." Against the yen the dollar was last traded at 148.36 yen , down 0.84%.

Persons: Dado Ruvic, CME's, we've, Joseph Trevisani, Thomas Barkin, Moody's, Sterling, Chuck Mikolajczak, Jonathan Oatis Organizations: REUTERS, U.S . Federal Reserve, Conference, Fed, Richmond Federal, Central Bank, Thomson Locations: U.S

The startup's newly appointed interim head moved quickly to dismiss speculation that OpenAI's board ousted Altman due to a spat over the safety of powerful AI models. It was not clear why Murati had stepped down as interim CEO. [1/4]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Some of those joining Altman at Microsoft include senior researchers Szymon Sidor and Jakub Pachocki, according to Brockman. Microsoft had supported a return by Altman to the startup, according to sources, a move that seemed likely only hours prior to Monday's announcements.

Persons: OpenAI, Emmett Shear, Sam Altman, Greg Brockman, OpenAI's, Altman, Shear, Ilya Sutskever, we've, Sutskever, Mira Murati, reinstates Altman, Brockman, Bret Taylor, Will Hurd, Murati, Carlos Barria, Richard Windsor, Satya Nadella, Szymon Sidor, Jakub Pachocki, Russ Mould, AJ Bell, Nadella, Jeffry Dastin, Anna Tong, Krystal Hu, Akash Sriram, Aditya Soni, Urvi, Shubham, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes, Susan Fenton, Chizu Nomiyama, Anil D'Silva Organizations: Microsoft, FRANCISCO, Google, OpenAI, Reuters, Economic Cooperation, REUTERS, Radio Free Mobile, Thomson Locations: OpenAI, Texas, Asia, San Francisco , California, U.S, San Franciso, New York, Bengaluru

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