Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Emelia Sithole"


25 mentions found


The source, who declined to be named, did not say when production would begin. A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. At the same meeting, he informed staff of plans to build the 25,000-euro vehicle there, the source said. German union IG Metall said in 2022 that Tesla wages were around 20% below those offered under collective bargaining agreements at other carmakers. ($1 = 0.9315 euros)Reporting by Victoria Waldersee, Editing by Rachel More, Bernadette Baum and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Musk, Tesla, Annegret, Elon Musk, Europe's, Metall, Victoria Waldersee, Rachel More, Bernadette Baum, Emelia Organizations: Staff, JATO Dynamics, Reuters, Volkswagen, REUTERS, Thomson Locations: BERLIN, Berlin, United States, Europe, China, Gruenheide, Germany
The Supreme Court judgment followed a pattern seen in previous presidential elections that have been challenged in court. Speaking for the first time since the ruling, Obi, a former two-term governor who campaigned as an outsider, told reporters the judgment was a disappointment and contradicted overwhelming evidence of election rigging, false claims of technical glitches, and other irregularities. Obi's supporters, known as the "Obidients", have been vocal in their criticism of the Supreme Court ruling. They have accused the court of being biased and of protecting the interests of the ruling party. Obi's rejection of the Supreme Court ruling is likely to resonate with his supporters, mostly young Nigerians who were attracted by his message of hope and change and see him as a break from the old guard.
Persons: Camillus, Peter Obi, Bola Tinubu's, Atiku Abubakar, Obi, Tinubu, Obi's, Camillus Eboh, Elisha Bala, Emelia Sithole Organizations: Reuters, Labour Party Locations: Camillus Eboh ABUJA, Nigeria
The tail fin of a parked Scandinavian Airlines (SAS) airplane is seen on the tarmac at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. The winning bidder consortium which also includes Air France-KLM (AIRF.PA), Lind Invest ApS and the Danish state, increased its proposed investment by $25.26 million. The airline's credit agreement for $505.25 million with Castlelake will be used to refinance its loans, increase liquidity and support its exit from voluntary restructuring proceedings, according to the statement. SAS's chief executive, Anko van der Werff, said: "By entering into this investment agreement, SAS is taking the next step in its Chapter 11 process in the U.S."The company now seeks U.S. Court approval of the investment agreement and the new debtor-in-possession financing as soon as possible in November. Castlelake and Lind Invest did not immediately respond to a request for comment.
Persons: Andrew Kelly, Lind, Castlelake, Anko van der Werff, Gursimran Kaur, Emelia Sithole, Philippa Fletcher, Ira Iosebashvili, Matthew Lewis Organizations: Airlines, SAS, Copenhagen, REUTERS, Scandinavian, Castlelake, Apollo Global Management, Air France, KLM, Lind Invest ApS, Air, U.S, Apollo Global, Lind Invest, Thomson Locations: Copenhagen, Denmark, Danish, Air France, U.S, United States, Bengaluru
CAIRO (Reuters) - The armed wing of Palestinian militant faction Hamas said on Saturday that more than 60 hostages were missing because of Israeli airstrikes on Gaza. Abu Ubaida, the spokesperson for the Izz el-Deen al-Qassam Brigades, also said on Hamas' telegram account that 23 bodies of Israeli hostages were trapped under the rubble. "It seems that we will never be able to reach them due to the continued brutal aggression of the occupation against Gaza," he said. Reuters could not immediately verify the statement. (Reporting by Ahmed Tolba, writing by Hatem Maher; Editing by Emelia Sithole)
Persons: Abu Ubaida, Deen al, Ahmed Tolba, Hatem Maher, Emelia Sithole Organizations: Hamas, Brigades, Gaza, Reuters Locations: CAIRO, Gaza
Protesters mass outside Netanyahu's house as anger grows
  + stars: | 2023-11-04 | by ( ) www.reuters.com   time to read: +3 min
JERUSALEM, Nov 4 (Reuters) - Police held back protesters outside the residence of Israeli Prime Minister Benjamin Netanyahu on Saturday, amid widespread anger at the failures that led to last month's deadly attack by Hamas gunmen on communities around the Gaza Strip. ", a crowd in the hundreds pushed through police barriers around Netanyahu's residence in Jerusalem. [1/3]Protestors gather against Israeli Prime Minister Benjamin Netanyahu near his residence, as the conflict between Israel and Palestinian Islamist group Hamas continues, in Jerusalem, November 4, 2023. "We don't know where they are, we don't know what condition they are kept in. I don't know if Kfir is getting food, I don't know if Ariel is getting enough food.
Persons: Benjamin Netanyahu, Netanyahu, Ammar Awad, Levy, Ariel, Kfir, Emily Rose, Ros Russell, Emelia Organizations: Police, Israeli, Hamas, REUTERS, Reuters, Israel's Channel, Television, Defense, Thomson Locations: Gaza, Jerusalem, Israel, Tel Aviv, Palestinian
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. With investors confident that big central banks are likely done raising rates, focus has switched to when rate cuts will start. Traders now price in over an 80% chance of a 25 basis-points (bps) ECB cut by April, which had been fully priced for July last week. Piet Christiansen, chief analyst at Danske Bank, said the expectations for ECB rate cuts now reflected a "doom and gloom" scenario. He added the ECB would need to cut rates at least as much as traders expect next year.
Persons: Heiko Becker, BoE, Shamik Dhar, Christine Lagarde, Piet Christiansen, Lagarde, Goldman, Gurpreet Gill, Dario Perkins, Yoruk, Sumanta Sen, Kripa Jayaram, Dhara Ranasinghe, Emelia Organizations: European Central Bank, REUTERS, Traders, ECB, Fed, Federal Reserve, Bank of England, BNY Mellon Investment, Treasury, Reuters, Danske Bank, Asset Management, Lombard, Thomson Locations: Frankfurt, Germany, United States, Europe, U.S, Britain, Israel
NII at the French retail division fell by 27% in the quarter, excluding two regulated savings accounts, "well below expectations," JP Morgan said in a note to clients. The French lender said it now saw NII of its French retail, private banking and insurance division falling by more than 20% in 2023. The French retail division's earnings also suffered from hedging contracts against the risks of low interest rates. SocGen's shares had edged up 0.6% by 0924 GMT. The bank has also finalised the merger of its two French retail networks.
Persons: Gonzalo Fuentes, JP Morgan, SocGen, Slawomir Krupa, Jefferies, Krupa, ALD, Mathieu Rosemain, Silvia Aloisi, Ingrid Melander, Emelia Organizations: Societe Generale, La Defense, REUTERS, European Central Bank, BNP, Deutsche Bank, Barclays, Thomson Locations: La, Paris, France
Morning Bid: Stocks clocking best week of the year
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The U.S. October employment report out later on Friday caps a hectic two weeks of central bank decisions, company updates and unnerving geopolitics. As the first major marker of U.S. economic strength in the final quarter of the year, the payrolls report packs a punch despite expected strike-related distortions. The interest rate relief this week is pervasive, however, as the Fed, ECB and BoE all paused tightening and U.S. Treasury debt sales worries ebbed somewhat. U.S. Treasury (.MOVE) and equity market (.BIX) volatility gauges have subsided to their lowest levels since early last month.
Persons: Brendan McDermid, Mike Dolan, BoE, ebbed, Antony Blinken, Sam Bankman, Fried, Michael Barr, Neel Kashkari, Huw Pill, Emelia Sithole Organizations: New York Stock Exchange, REUTERS, Mike, U.S, Federal Reserve, European Central Bank and Bank of England, Apple, Fed, ECB, Treasury, U.S . Treasury, Labor Department, Eversource Energy, Cardinal Health, Dominion Energy, Gartner, Church, Dwight, AMC, Liberty Media, Icahn Enterprises, Federal, Bank of England, Israel Productivity, Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Isreal, Gaza, Gaza City, Canada, Minneapolis, Israel
[1/5] Actor Nadjma Abshir, 29 year old, performs a scene from the play ‘Desperate Times’, a sell-out comedy presentation by the Somali women's theatre company ‘Side eYe Productions’, at the Rich Mix arts centre in London, Britain, October 25, 2023. Artistic director Hannah Abdule, a civil servant, co-founded Side eYe Productions in 2019 to create opportunities she felt were denied to people like her. As part of its inclusive mission, Side eYe aims to give opportunities to Somali women with little theatrical experience. "Our parents had more of a mentality of survival and that is getting traditional jobs in sciences, teaching," Abshir said. "We've done what we've needed to do and are looking at the things that truly interest us."
Persons: Nadjma Abshir, Hannah McKay, Hannah Abdule, Sabrina Ali, tangles, Amal Abdi, Abshir, Barbara Lewis, Emelia Sithole Organizations: Somali women's, Rich Mix, REUTERS, Edinburgh Fringe, Somali, Somali Arts and Culture, Thomson Locations: Somali, London, Britain, England, Sheffield, Bristol
A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. In response, drilling rates have fallen with an average of just 501 rigs drilling for oil in October 2023 down from 623 in December 2022. U.S. GAS PRODUCTIONLike oil production, U.S. gas output has also continued to increase, a lagged response to high prices in 2022, but the subsequent slump in prices has been more severe and is causing a more pronounced slowdown in output growth. The combination of fewer drilling rigs, slower production growth, faster exports, and ultra-low prices stimulating consumption by power generators has largely eliminated surplus inventories carried over from 2022. Related columns:- U.S. oil producers reprieved by Saudi output cut (October 3, 2023)- U.S. oil and gas output still rising in response to high prices last year (June 1, 2023)John Kemp is a Reuters market analyst.
Persons: Nick Oxford, John Kemp, Emelia Sithole Organizations: REUTERS, U.S . Energy Information Administration, “ Petroleum, Twitter, Thomson, Reuters Locations: Lea County , New Mexico, U.S, Gulf, Mexico, Chartbook, Ukraine, Saudi Arabia, Russia, OPEC, Saudi
An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. The lawsuit was brought by British consumer champion Justin Gutmann on behalf of around 24 million iPhone users in the United Kingdom. The company sought to get the case thrown out of court, but the Competition Appeal Tribunal (CAT) said Gutmann's case can proceed in a written ruling on Wednesday. The CAT did, however, say there was "a lack of clarity and specificity" in Gutmann's case which needed to be resolved before any trial. The certification of Gutmann's case adds to the number of high-value mass lawsuits currently being brought in London, following a July decision to give the go-ahead to claims against major banks for alleged foreign exchange rigging.
Persons: Stephanie Lecocq, Justin Gutmann, Gutmann, Apple, Sam Tobin, Sachin Ravikumar, Emelia Organizations: Apple, REUTERS, Apple Inc, CAT, Supreme, Thomson Locations: Lille, France, British, United Kingdom, London
[1/2] The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsFRANKFURT, Oct 31 (Reuters) - Deutsche Bank (DBKGn.DE) employee representatives on Tuesday harshly criticized the bank's plans to slash its Postbank branch network, saying the move sends the wrong signal and comes at the wrong time. The reputation of the Postbank brand is severely damaged... and now the bank is starting a new construction project." Reuters Graphics Reuters GraphicsClaudio de Sanctis, the new Deutsche Bank board member overseeing the lender's retail operations, in a staff memo on Monday laid out his vision for Postbank becoming a "mobile-first" bank. Deutsche Bank said that talks with employee representatives would take place soon to determine final details on the cuts.
Persons: Yves Herman, Jan Duscheck, Susanne Bleidt, Claudio de Sanctis, Tom Sims, Rachel More, Emelia Organizations: Deutsche Bank, REUTERS, Rights, Deutsche, Verdi, Reuters, Reuters Graphics Reuters, Thomson Locations: Brussels, Belgium
Doxxing is the public release of sensitive information identifying an individual or organisation, like a home address or phone number. Some, like former state media editor Hu Xijin, have defended the measure as necessary in order to force influential accounts to use more responsible speech. Others, however, have expressed concerns that the measure would make doxxing easier and platforms would further remove online users' anonymity in the future. Weibo CEO Wang Gaofei said two weeks ago that the policy would not be expanded to include accounts with follower counts below 500,000. The new measures will remove the anonymity of thousands of influencers on social media platforms that are used daily by hundreds of millions of Chinese.
Persons: Dado Ruvic, Tik Tok, Hu Xijin, Wang Gaofei, Bytedance's Douyin, Eduardo Baptista, Ed Osmond, Emelia Organizations: REUTERS, Rights, Baidu, Thomson Locations: Rights BEIJING, Weibo, Douyin
The U.N. last week created a 39-member advisory body to address issues in the international governance of AI. "We need to examine the landscape of existing governance responses across borders, and then see where the gaps are and how we can connect the governance responses together so that there are no gaps," Gill said. Gill, appointed by U.N. Secretary-General António Guterres as tech envoy last year, is tasked with coordination across the U.N. on tech issues, ranging from AI to neural technologies. Guterres had in June backed a proposal by some AI executives for the creation of an international AI watchdog body like the International Atomic Energy Agency. The AI body, co-chaired by Spanish digital minister Carme Artigas and Alphabet's (GOOGL.O) James Manyika, will have at least three in-person meetings and several virtual meetings.
Persons: Brendan McDermid, Amandeep Singh Gill, Gill, António, Joe Biden, Rishi Sunak, Guterres, Carme Artigas, James Manyika, Supantha Mukherjee, Emelia Sithole Organizations: . Security, REUTERS, Rights, United Nations, Reuters, U.N, British, International Atomic Energy Agency, Spanish, Carme, Thomson Locations: New York City, U.S, Rights STOCKHOLM, Alphabet's, Stockholm
"I am really sorry to report that we have now received news that Shani Nicole Louk has been confirmed murdered and dead," Israeli President Isaac Herzog told Germany's Bild newspaper. Louk, 23, was one of scores of people taken by Hamas during a deadly assault on the Israeli military and civilian communities that killed 1,400 people, mostly civilians. German Chancellor Olaf Scholz, whose government has staunchly supported Israel as it mounted an offensive against Gaza in retaliation, said Hamas had to be held accountable. A family source told Reuters that a part of a body had been found which was matched to Louk's DNA. "At least she didn't suffer," her mother Ricarda Louk told RTL/ntv.
Persons: Shani Nicole Louk, Benjamin Netanyahu, Yoav Gallant, Isaac Herzog, Germany's, Olaf Scholz, Scholz, Ricarda Louk, Matthias Williams, Andreas Rinke, Rachel More, Emelia Organizations: Israeli, Hamas, Gaza, Reuters, RTL, ntv, Thomson Locations: Gaza, Israel, Tel ., Palestinian, Nigeria, German
SNB vice-chairman says further rate hikes may be needed
  + stars: | 2023-10-28 | by ( ) www.reuters.com   time to read: +2 min
The building of the Swiss National Bank is seen in Zurich, September 22, 2022. SNB last month held its policy interest rate unchanged at 1.75%, noting that inflation - at 1.6% in August and within the central bank's target range of 0-2% - had eased. The vast majority of economists polled by Reuters last month, however, said that the SNB was done with interest rate hikes. He also said that AT1 bonds, which were written off as part of UBS' (UBSG.S) takeover of Credit Suisse, should have been loss-making at an earlier stage. "Despite ongoing losses, Credit Suisse did not suspend interest payments on these instruments," Schlegel said.
Persons: Arnd, Martin Schlegel, SNB, Schlegel, Gabrielle Tétrault, Farber, Emelia Sithole Organizations: Swiss National Bank, REUTERS, Rights, Reuters, Swiss, Credit Suisse, UBS, Thomson Locations: Zurich, Swiss, Switzerland
A damaged Balticconnector gas pipeline that connects Finland and Estonia is pictured in this undated handout picture in the Baltic Sea. Tallinn is investigating the cables incidents. In the case of the Estonia-Finland cable damage, it is also focusing on the Hong Kong vessel, and on Thursday evening Kallas said all three incidents were likely connected. The NewNew Polar Bear sailed over the Estonia-Sweden cable 133 kms (82 miles) before reaching the pipeline damage site. It then crossed the Estonia-Finland cable 32 kms (20 miles) after the gas pipeline, according to MarineTraffic.
Persons: Kaja Kallas, Gasgrid, Kallas, Janne Kuusela, Andrius Sytas, Anne Kauranen, Nerijus Adomaitis, David Evans, Hugh Lawson, Emelia Organizations: Finnish Border Guard, REUTERS, Estonian, National Emergency Supply Agency, Lithuanian, Reuters, NATO, Norwegian Navy, Thomson Locations: Finland, Estonia, Baltic, VILNIUS, HELSINKI, Sweden, Hong, Kong, Tallinn, Hong Kong, Estonian, Russia, MarineTraffic, China, Vilnius, Helsinki, Oslo
Partner nations on China's lunar research station programme
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Oct 26 (Reuters) - Belarus this week joined China's International Lunar Research Station (ILRS) programme, the third country to sign up this month for a plan to eventually set up a permanently inhabited outpost on the moon's south pole. Earlier in October, Pakistan and Azerbaijan joined the ILRS, a project jointly initiated by China and Russia in 2021 and widely seen as a rival to the U.S.-led Artemis programme. Lunar missions this decade will establish a "basic" version of the research station, followed by more missions in the 2030s to construct a "full" version of the base. By 2050, the ILRS is expected to be a fully operational station for lunar research, and potentially also a launch pad for crewed missions to other planets in the solar system. Note: (*) denotes founding memberReporting by Ryan Woo; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Artemis, Ryan Woo, Emelia Sithole Organizations: China's, Research, Thomson Locations: BEIJING, Belarus, Pakistan, Azerbaijan, China, Russia, U.S
Morning Bid: Haunted by 5% ahead of ECB, GDP and Amazon
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. With Amazon due to report later, there was no respite for the so-called 'Magnificent Seven' Wall St behemoths or the wider market ahead of Thursday's open. The bond market seemed unimpressed even as the U.S. House of Representatives ended a three week hiatus by electing Republican Mike Johnson, a conservative with little leadership experience, as speaker. European stocks (.STOXXE) and the euro dropped sharply, meantime, as regional banking shares were hit ahead of the European Central Bank's policy decision later in the day. Key developments that should provide more direction to U.S. markets later on Thursday:* European Central Bank policy decision and press conference.
Persons: Brendan McDermid, Mike Dolan, Israel, Republican Mike Johnson, Johnson, Joe Biden's, AO, Bunge, Northrop, Wang Yi, Antony Blinken, Emelia Sithole Organizations: New York Stock Exchange, REUTERS, Google, Big Tech, Nasdaq, Semiconductor, SOX, Bank of Japan, U.S . House, Republican, United Auto Workers, Ford, European, ECB, Chartered, BNP, Central Bank, Turkish Central Bank, Fed, Intel, UPS, Honeywell, Merck, Comcast, Mastercard, Capital, Energy, Mohawk, Eastman Chemical, Camden Property, AO Smith, Hasbro, Myers Squibb, Boston Scientific, Hershey, Northrop Grumman, Treasury, Foreign, U.S, Brussels Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Wall, Israel, Gaza, Philadelphia, Bank, Ukraine, China, Kansas, Bristol, Washington, Brussels
European flags are seen in front of the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. Price pressures are easing and the economy is slowing to a point that a recession may already be underway, making any further rate hikes increasingly unlikely. Meeting in Athens for the first time in over a decade, the Governing Council is expected to have an easy time deciding on rates. Others argue that growth prospects are deteriorating so quickly that the ECB would be better served with a "neutral" guidance, emphasizing data dependency. This suggests that any change in the scheme will be gradual, so the ECB can protect Italy as long as possible.
Persons: Wolfgang Rattay, Martin Wolburg, Wolburg, Frederik Ducrozet, reinvestments, Balazs Koranyi, Emelia Sithole Organizations: European Central Bank, REUTERS, ECB, Generali Investments, Wealth Management, Thomson Locations: Frankfurt, Germany, FRANKFURT, Athens, Italy
A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. Barclays shares fell nearly 7% in early trading, while shares in rivals Lloyds (LLOY.L) and NatWest (NWG.L) each dipped around 3%. SLUGGISH INVESTMENT BANKThe lender reported pre-tax profit for the July-September period of 1.9 billion pounds ($2.33 billion) on Tuesday, down from 2 billion pounds a year ago but above a consensus analyst forecast of 1.77 billion pounds. Barclays reported a 6% drop in income at its investment bank for the quarter, following a similarly downbeat performance at the half-year results update in July. ($1 = 0.8151 pounds)Reporting By Lawrence White and Iain Withers; Editing by Kirsten Donovan and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Peter Nicholls, Venkatakrishnan, Goldman Sachs, Morgan Stanley's, Venkat, Matt Britzman, Hargreaves Lansdown, Jes Staley, Jeffrey Epstein, Staley, Lawrence White, Iain Withers, Kirsten Donovan, Emelia Organizations: Barclays Bank, REUTERS, Barclays, Lloyds, NatWest, JPMorgan, Reuters, Banking, Jefferies, Revenue, Bank of America, Financial, Authority, Thomson Locations: London, Britain
People take part in a protest in support of Palestinians, amid the ongoing conflict between Israel and Palestinian Islamist group Hamas, at al-Azhar Mosque in Old Cairo, Egypt, October 20, 2023. REUTERS/Mohamed Abd El Ghany/File Photo Acquire Licensing RightsCAIRO, Oct 24 (Reuters) - At least 100 people were arrested in Egypt after taking part in pro-Palestinian demonstrations late last week, though some have subsequently been released, lawyers working on the cases said on Tuesday. State-approved protests against Israel's military campaign in the Gaza Strip were held at several locations in Cairo and elsewhere in Egypt on Friday. However, some protesters in Cairo walked to Tahrir Square - the centre of Egypt's 2011 uprising - which was not among the sites approved for the pro-Palestinian demonstration. Unauthorised public protests are banned in Egypt, and Tahrir Square, which was redesigned several years ago, is heavily monitored by security services because of its symbolic status.
Persons: Azhar, Mohamed Abd El Ghany, Nabeh Elganadi, Abdel Fattah al, Sisi, Ahmed Tantawy, Elganadi, Belal Habib, Tantawy, Adam Makary, Farah Saafan, Aidan Lewis, Emelia Organizations: Hamas, REUTERS, Rights, ., Judicial, Thomson Locations: Israel, Palestinian, al, Old Cairo, Egypt, Rights CAIRO, Gaza, Cairo, Tahrir, Alexandria
A surfboard is seen in the middle of an empty beach, near hotels at Unawatuna beach in Galle, Sri Lanka July 4, 2019. The scheme is part of attempts by Sri Lanka to boost tourism recovery and hit a target of five million arrivals by 2026, the statement added. But the tourism industry is seeing a turnaround in 2023 with Sri Lanka clocking a million arrivals by September, for the first time since 2019. The island is expecting to close the year at 1.5 million arrivals. India is the largest source of tourists with 200,310 arrivals, followed by Russia with 132,300, latest data from the Sri Lanka Development Authority showed.
Persons: Dinuka, Uditha Jayasinghe, Emelia Sithole Organizations: REUTERS, Rights, Sri, Sri Lanka Development Authority, Thomson Locations: Galle, Sri Lanka, China, India, Russia, Japan, Thailand, Indonesia, Malaysia
LONDON, Oct 23 (Reuters) - Companies including Nestle (NESN.S), Unilever (ULVR.L), Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels. "Our businesses are feeling the impacts and cost of increasing extreme weather events resulting from climate change," the companies wrote in the letter, which was coordinated by the non-profit We Mean Business Coalition, which is pushing for greater climate action globally. "To decarbonise the global energy system, we need to ramp up clean energy as fast as we phase out the use and production of fossil fuels," they wrote. The speed at which countries should phase out fossil fuels will be one of the thorniest issues. Reporting by Tommy Reggiori Wilkes; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: COP28, Tommy Reggiori Wilkes, Emelia Sithole Organizations: Companies, Nestle, Unilever, Mahindra Group, Volvo, Business Coalition, Bayer, Heineken, IKEA, Thomson Locations: Dubai, Paris, Europe
STOCKHOLM (Reuters) - Estonia believes that damage to a telecommunications cable in the Baltic Sea between Sweden and Estonia is related to damage to a pipeline and cable between Estonia and Finland, Sweden's government said on Monday. On Oct. 8 a subsea gas pipeline and telecommunications cable connecting Finland and Estonia were damaged, in what Finnish investigators believe may have been deliberate sabotage. Helsinki is investigating the pipeline incident, while Tallinn is probing the cable incident. Last week, Sweden said a third link had been damaged at roughly the same time as the other two. Bohlin added that Estonia had assessed that "the damage to the gas pipeline and communications cable between Finland and Estonia is related to the damage to the communications cable between Sweden and Estonia".
Persons: Sweden's, Carl, Oskar Bohlin, Bohlin, Sevmorput, Simon Johnson, Jan Harvey, Emelia Organizations: Civil Defence, NATO, National Bureau of Investigation Locations: STOCKHOLM, Estonia, Baltic, Sweden, Finland, Helsinki, Tallinn, Russia, Germany
Total: 25