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☆ Tesla faces pressure in Sweden as workers at supplier to strike
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Tesla has no manufacturing plant in Sweden but its electric cars are serviced at workshops across the country, where around 130 mechanics affiliated with Swedish union IF Metall began a strike on Oct. 27. Hydro Extrusions's Vetlanda plant makes aluminium profiles - aluminium alloys transformed into shapes, and is the first Tesla supplier in Sweden to down tools in support of the mechanics' strike. The carmaker told IF Metall on Nov. 6 it did not want to sign a collective agreement, the union said. "We want Tesla Sweden to sign a collective agreement... We want this conflict to be as brief and short as possible," IF Metall spokesperson Jesper Pettersson said. German unions have pressured the carmaker to implement a similar agreement for its 11,000 workers in Gruenheide, near Berlin.

Persons: Tyrone Siu, Tesla, Jesper Pettersson, Marie Mannes, Victoria Waldersee, Johan Ahlander, Emelia Sithole Organizations: Tesla, REUTERS, Rights, U.S, Swedish, IF Metall, dockworkers, Hydro Extrusions, Hydro, IF, Thomson Locations: Taipei, Taiwan, Rights STOCKHOLM, Sweden, Vetlanda, Gruenheide, Berlin

☆ Orsted pulls out of Norway offshore wind consortium
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Earlier this month the Danish company, the world's largest offshore wind developer, also scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments as costs ballooned due to rising interest rates and supply bottlenecks. Olsen Renewables AS, and Norwegian power producer Hafslund formed the Blaavinge consortium in 2021 to take part in planned offshore wind tenders in Norway. Olsen Seawind and Hafslund will not be able to participate in the bottom-fixed wind tender now that Orsted has pulled out of the consortium, Bonheur said. However, they still plan to work on a tender for floating offshore wind turbines. Norway has yet to announce the date for a floating offshore wind tender.

Persons: Tom Little, Orsted, Bonheur's, Olsen, Fred, Hafslund, Olsen Seawind, Bonheur, Nerijus Adomaitis, Susan Fenton Organizations: REUTERS, Rights, Bonheur ASA, Fred, Olsen Seawind ASA, Olsen Renewables AS, Thomson Locations: Nysted, Denmark, Rights OSLO, Norway, Danish, Norwegian

☆ Rapinoe suffers 'devastating' early exit with injury in final match
▼ + stars: | 2023-11-12 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

Nov 11, 2023; San Diego, California, USA; OL Reign forward Megan Rapinoe (15) lays on the pitch following an injury in the opening minutes against New Jersey/New York Gotham FC at Snapdragon Stadium. The showdown between OL Reign and Gotham FC was highly anticipated as an emotional farewell for the 2019 Ballon d'Or winner and her former U.S. women's national team mate Ali Krieger. Krieger, a defender for the opposing Gotham FC, ran to her friend and offered Rapinoe an embrace as she exited the pitch. The 38-year-old Olympic gold medalist was sidelined this year with a calf injury but her quick exit from her final professional match nonetheless left fans and fellow U.S. women's national team veterans stunned. Rapinoe, who along with her national team mates suffered a shock early exit from the Women's World Cup this year, said she had an overall sense of "peace" despite the injury that marred her final game.

Persons: Megan Rapinoe, Amber Searls, Ali Krieger, Rapinoe, Krieger, Gotham, Mia Hamm, Amy Tennery, Robert Birsel Organizations: New, New York Gotham FC, Snapdragon, Gotham FC, women's, Thomson Locations: San Diego , California, USA, New Jersey, New York, U.S

☆ Gotham defeat Reign for first NWSL title, Rapinoe exits early
▼ + stars: | 2023-11-12 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

[1/5] Nov 11, 2023; San Diego, California, USA; New Jersey/New York Gotham FC forward Esther Gonzalez (9) celebrates with teammates after scoring a goal against OL Reign in the first half in the NWSL Championship at Snapdragon Stadium. Gotham were denied twice in the 38th minute as Purce hit the left post and midfielder Delanie Sheehan hit the crossbar in rapid succession. Reign had the chance to take the lead as Lavelle tried a through ball but striker Jordyn Huitema was caught offside five minutes later. Reign were awarded a free kick and Gotham midfielder Nealy Martin was forced to put on the goalkeeper’s jersey, with her team out of substitutions. Martin's team mates leapt into the air to block Lavelle's kick and Gotham erupted in celebration as Reign's frantic final efforts went unrewarded.

Persons: Esther Gonzalez, Ray Acevedo, Gotham FC's, Megan Rapinoe's, Lynn Williams, Rapinoe's, Rose Lavelle, Rapinoe, Ali Krieger, Midge Purce, Williams, Claudia Dickey, Lavelle, Bethany Balcer, Mandy Haught, Gotham, Delanie Sheehan, Jordyn Huitema, Gonzalez, Haught, Nealy Martin, Amy Tennery, Robert Birsel Organizations: New York Gotham FC, OL, Snapdragon, USA, Gotham, Women's Soccer League, Seattle, Spain, Thomson Locations: San Diego , California, USA, New Jersey, New York, Spanish, Gotham, Seattle, San Diego, U.S, Purce

☆ NWSL to launch expansion process for 16th team
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - The NWSL will begin the process of expanding to a 16th team, Commissioner Jessica Berman said on Friday, as the top-flight North American league looks to build with a landmark new broadcast deal in place. The National Women's Soccer League (NWSL) previously announced it will welcome a 13th and 14th club next year, the San Jose-based Bay FC and the Utah Royals, and a Boston-based team is expected to join beginning in 2026. The league welcomed two other teams, Los Angeles' Angel City FC and San Diego Wave FC, in 2022. Berman said that viewership on the CBS network was up 41% year-over-year this season while streaming on Paramount+ climbed 83%. The NWSL season wraps up on Saturday with a championship match between the Seattle-based OL Reign and NJ/NY Gotham FC at San Diego's Snapdragon Stadium.

Persons: Jessica Berman, Berman, Amy Tennery, Christian Schmollinger Organizations: Women's Soccer League, FC, Utah Royals, Angel City FC, San Diego Wave FC, ESPN, CBS, Prime Sports, Scripps, ION, Paramount, NY Gotham FC, Thomson Locations: San Jose, Boston, Los Angeles, U.S, Seattle, NJ, San, New York

☆ Megan Rapinoe and Ali Krieger take to the pitch for the last time in NWSL Final
▼ + stars: | 2023-11-11 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Friends and teammates for much of their illustrious careers, US Women’s National Team legends Megan Rapinoe and Ali Krieger will take to the pitch one last time on Saturday as foes. Rapinoe’s OL Reign takes on Krieger’s Gotham FC in Saturday’s NWSL Final, which provides a fitting stage for the grand finale of two women’s soccer greats. Ahead of the game, in the final pre-match press conference of her career, an emotional Rapinoe couldn’t hold back the tears. Krieger’s farewellPerhaps it was written in the stars that both Rapinoe and Krieger would enjoy their last dance on the pitch together in the NWSL Championship game. On Monday, after both teams had booked their places in the final, Krieger revealed on Instagram a two-month-old text exchange she had with Rapinoe.

Persons: Megan Rapinoe, Ali Krieger, Rapinoe’s, “ I’ve, ”, I’ve, Rapinoe, “, ” Rapinoe, Krieger, Stephen Brashear, Jessica Berman Organizations: CNN, National, Gotham FC, USA, Amazon Prime, ION, CBS, Paramount Plus, ESPN, Sports, Reuters, Champions League, Frankfurt Locations: Saturday’s, rondos, California

Gotham was able to run out the clock and marked its first NWSL title with a wild celebration near midfield. The non-contact injury to Reign star Rapinoe took some of the wind out of the crowd at San Diego State's Snapdragon Stadium. Rapinoe broke toward Maitane Lopez of Gotham, who was dribbling outside the penalty area, and suddenly went down in the third minute. Rapinoe announced before this summer’s Women’s World Cup that she was stepping away from the game after a career that included two World Cup titles, an Olympic gold medal and an Olympic bronze. The field at Snapdragon appeared in better shape than it was on Sunday night, when the Reign beat the San Diego Wave to advance, some 24 hours after a home San Diego State football game.

Persons: Esther González, Megan Rapinoe hobbled, Mandy Haught, Nealy Martin, Rose Lavelle, Rapinoe, San Diego State's, Gotham's Ali Krieger, Maitane Lopez, Gotham, Krieger, González, Midge Purce, Claudia Dickey, Purce, Lynn Williams, Lavelle dribbled, ___ Organizations: DIEGO, Gotham FC, Women's Soccer League, Gotham, San Diego, Women’s, San Diego Wave, San Diego State football, Spain Locations: Gotham, San, Rapinoe, Snapdragon

☆ Rapinoe meets high stakes with a smile ahead of NWSL championship
▼ + stars: | 2023-11-10 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

But Saturday's showdown between Gotham FC and her OL Reign gives Rapinoe one last chance to claim the National Women's Soccer League championship after years of thwarted attempts, with the team she has been a part of since its inception. "It's really unique that you get to a championship game ever in your career. Rapinoe's Seattle farewell match last month averaged 683,000 viewers on CBS, an NWSL regular-season record. It was, you know, so much fun to watch and be a part of," said Rapinoe. Reporting by Amy Tennery in New York Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Megan Rapinoe, Ali Krieger, Lu Barnes, they've, Rapinoe's, Amy Tennery, Christian Radnedge Organizations: United States, Gotham FC, National Women's Soccer League, New, Rapinoe, ESPN, CBS, Prime Sports, Scripps, ION, Thomson Locations: New York, New, Rapinoe's Seattle

The National Women's Soccer League is looking to add a 16th team, Commissioner Jessica Berman announced Friday. Gotham FC plays OL Reign for the league title on Saturday night. Political Cartoons View All 1240 ImagesBerman said ticket sales to NWSL games grew 36% this season and average attendance at games was up 26 percent. Last month, OL Reign attracted a record NWSL crowd of 34,130 to Lumen Field in Seattle for Megan Rapinoe's farewell match. The sale of both OL Reign and the Portland Thorns is progressing, with deals expected to be announced by the end of this year, Berman said.

Persons: Jessica Berman, “, ” Berman, Berman, Lumen, Megan Rapinoe's, we've, ___ Organizations: Women's Soccer League, Utah Royals, Bay FC, Gotham FC, ESPN, CBS Sports, Amazon Prime, Scripps Sports, San Diego Wave, CBS, Portland Locations: Northern California, Boston, U.S, Seattle

FLORHAM PARK, N.J. (AP) — Robert Saleh raised some eyebrows a few weeks ago when he declared the New York Jets have “embarrassed” some of the NFL's top quarterbacks this season. “So whether it's a Super Bowl defending (champion) quarterback, an MVP quarterback or a first-year starting quarterback, we're going to treat them the same way. “Our goal is to be leading in turnovers on defense and obviously a great defense knows how to score or set up scores," Mosley said. The impressive numbers on defense are in stark contrast to those being put up by Wilson and the offense. The Jets rank 31st in overall offense, 30th in both scoring and passing and last in third-down percentage and red-zone conversion percentage.

Persons: — Robert Saleh, ”, wasn't, “ They’re, Zach Wilson, Justin Herbert, Josh Allen, Patrick Mahomes, Aidan O'Connell, who's, C.J, Mosley, we're, York hasn’t, Tom Brady, Sauce Gardner, Davante Adams, we've, We're, “, Josh Jacobs, Jeff Ulbrich, “ It’s, Wilson, “ I'm, ” Saleh, Quinnen Williams, Billy Turner, LB Chazz Surratt, Will McDonald, ___ Organizations: New York Jets, Jets, Las Vegas, Chargers, Raiders, NFL, Bowl, Tampa, Buccaneers, New, ” Locations: FLORHAM, N.J, New, Las, Los Angeles, ”, York, New Orleans, New York, Dallas

The National Women's Soccer League on Thursday announced a new media rights deal that will feature the league's matches on ESPN, CBS Sports, Amazon Prime Video and Scripps Sports. “We’re resetting the standards by which women’s sports can be valued.”The league's current deal with CBS Sports ends at the end of this season. Political Cartoons View All 1239 ImagesStarting next season, a Friday night game on Prime Video will kick off each weekend. The remaining regular season games will be part of a domestic direct-to-consumer package produced and distributed by the NWSL, the league said. In the playoffs, Prime Video and a CBS platform will each broadcast a quarterfinal each, while ESPN/ABC airs the other two.

Persons: ”, Jessica Berman, “ We're, ” Sean McManus, Berman, Megan Rapinoe's, Lumen, Rapinoe, Ali Krieger, ___ Organizations: Women's Soccer League, ESPN, CBS Sports, Amazon Prime, Scripps Sports, Gotham FC, CBS, Scripps, ION, Paramount, CBS Sports Network, ABC, ESPN2, ESPN Deportes, Endeavor, NHL, NFL, Utah Royals, Bay FC, U.S . Locations: San Diego, Seattle, Gotham

☆ Suncor tops profit estimates on strong refining margins
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

The Suncor Energy logo is seen at the company's head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsNov 8 (Reuters) - Canada's Suncor Energy (SU.TO) beat market estimates for third-quarter profit on Wednesday, helped by strong refining margins and higher sales volumes from its oil sands operations. Refinery throughput declined marginally to 463,200 barrels per day (bpd) compared with a year earlier. Its net production of synthetic crude, a processed form of raw and heavy bitumen, rose to 469,300 bpd, compared with 405,100 bpd a year ago, due to lower maintenance activities. The company reported a net profit of C$1.54 billion, compared with a year-ago loss of C$609 million when it was hit by impairment charges.

Persons: Chris Wattie, Cenovus, Suncor, Mrinalika Roy, Sourasis Bose, Shilpi Majumdar Organizations: REUTERS, Energy, Thomson Locations: Calgary , Alberta, Canada, Saudi Arabia, Russia, U.S, Norway, Terra Nova, Bengaluru

☆ The global freight recession will continue in 2024: CNBC Supply Chain Survey
▼ + stars: | 2023-11-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

watch nowThe global shipping industry has been mired in a freight recession this year and the challenging economic conditions will continue into 2024, according to a new CNBC Supply Chain Survey. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. "Without more freight moving, 2024, and potentially 2025, will continue to see soft pricing as capacity outstrips demand," he said. Freight trucking will remain soft Trucking companies get paid per load, and low expectations for orders imply potentially lower revenue this holiday season. A slightly better second half 2024 outlook The survey shows expectations for a slight turnaround in freight volume in the second half of 2024.

Persons: Robinson, Kuehne, Nagel, Zhang Jingang, Alan Baer, Noah Hoffman, Jeff Bezos, Uber, Tim Robertson, Robertson, Brian Bourke Organizations: CNBC Supply Chain Survey, CNBC, Chain Survey, SEKO Logistics, DHL Global, USA, ITS Logistics, Getty, Logistics, C.H, Surface Transportation, Convoy, Tank Transport Locations: Qingdao, Shandong province, China

☆ How European airlines have hedged against fuel price increases
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +5 min

Spot Northwest European jet fuel prices were at $950 per metric ton on Monday, up 4% from before the assault. They also try to hedge against value changes in the U.S. dollar, in which jet fuel is priced. JET2 (JET2.L):The British leisure travel company said in July it had 81.8% of fuel hedged over the next 12 months. Lufthansa has hedged 74% of the fuel it expects to need for 2024 at an average price of $951 per ton. WIZZ AIR (WIZZ.L):The Hungarian carrier said in June it had hedged 62% of its 2024 fuel needs and 53% of the dollars it needs for that fuel.

Persons: Toby Melville, Vueling, IAG, Camilla Borri, Louis van Boxel, Woolf, Marta Frąckowiak, Milla Nissi, Edwina Gibbs Organizations: Heathrow Airport, REUTERS, Brent, U.S ., AIR FRANCE, KLM, Reuters, British Airways, LUFTHANSA, Lufthansa, NORWEGIAN AIR, RYANAIR, SAS, Thomson Locations: London, Israel, Ukraine, Franco, Dutch, Iberia, NORWEGIAN, Norwegian, Gdansk

☆ Rapinoe adds final stop on farewell tour with NWSL Championship
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Nov 5, 2023; San Diego, California, USA; OL Reign forward Megan Rapinoe (15) controls the ball against San Diego Wave FC forward Rachel Hill (3) and defender Christen Westphal (20) in the first half during the National Womens Soccer League Semifinal between San Diego Wave and OL Reign at Snapdragon Stadium. Mandatory Credit:... Acquire Licensing Rights Read moreNEW YORK, Nov 6 (Reuters) - Two-times Women's World Cup winner Megan Rapinoe has added one final stop on her farewell tour, with her OL Reign side beating the top-ranked San Diego Wave to reach the National Women's Soccer League (NWSL) Championship on Saturday. "The fairytale is Pinoe and Kriegs, it's a great story," OL Reign coach Laura Harvey told reporters. OL Reign will play Gotham FC on Saturday at 8 p.m. ET (+1day 0100 GMT) at Snapdragon Stadium in San Diego.

Persons: Megan Rapinoe, Rachel Hill, Christen Westphal, Ballon, Ali Krieger, Rose Lavelle, Veronica Latsko's, Krieger, Pinoe's, it's, Laura Harvey, Amy Tennery, Christian Radnedge Organizations: San Diego Wave FC, National Womens Soccer, Semifinal, San Diego Wave, Diego Wave, Women's Soccer League, New Zealand, Gotham FC, San, Gotham, Portland Thorns, Saturday, Thomson Locations: San Diego , California, USA, United States, Australia, New, Reign's, San Diego, Seattle, York, New Jersey, New York

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

Mahomes finished 20 of 30 for a season-low 185 yards in his European debut, but the Chiefs’ offense struggled in the second half. Miami hadn’t been shut out in the first half of a game since Week 2 of the 2021 season. After a game that could have playoff implications — the Chiefs have hosted a record five straight AFC championship games — Chiefs coach Andy Reid said the flight home will feel shorter. The Chiefs haven’t lost back-to-back games since early in the 2021 season and stayed undefeated in international games. Chiefs: Bye week before a Monday night Super Bowl rematch against the Philadelphia Eagles at Arrowhead Stadium on Nov. 20.

Persons: — Patrick Mahomes, Bryan Cook, ” Mahomes, Miami's, Tua Tagovailoa, — I’ve, ” Tagovailoa, “, Rashee Rice, Jerick McKinnon, Mahomes, Travis Kelce, Tyreek Hill, Trent McDuffie, Mike Edwards, Hill, Edwards lateraled, Cook, Howard, Taylor Swift, Miami’s, Clay Martin, Miami hadn’t, Tagovailoa, Cedric Wilson Jr, Bradley Chubb’s, Raheem Mostert, Chris Jones, Mostert, Andy Reid, ” Reid, Chiefs haven’t, Jaylen Waddle, Robert Jones, Reid, ___ Organizations: Chiefs, Miami Dolphins, Deutsche Bank, Super Bowl, Kansas City, Dolphins, Miami, AFC, — Chiefs, NEXT, Las Vegas Raiders, Philadelphia Eagles, Arrowhead Locations: FRANKFURT, Germany, Kansas, Frankfurt, Miami, London, Mexico City, United States

The world's biggest offshore wind farm company on Tuesday said it would cease all development on the Ocean Wind projects even as it moves forward with developments off neighboring New York, triggering an angry response from New Jersey Governor Phil Murphy. "People did not anticipate (Orsted) backing out of Ocean Wind," said Timothy Fox, VP at research firm ClearView Energy Partners. Nipper told analysts that unlike Ocean Wind, Orsted is still pursuing Sunrise for several reasons, including the fact that the company has already lined up a vessel to build it. Under the most accelerated proposal, the New York State Energy Research & Development Authority said it could release the next offshore wind request for proposals in late November or early December. The Ocean Wind cancellation was the latest setback for the nascent U.S. offshore wind industry in recent months, which U.S. President Joe Biden and several states have counted on to fight global warming.

Persons: Phil Murphy, Timothy Fox, Mads Nipper, Nipper, Orsted, Joe Biden, Murphy, Scott DiSavino, Jarrett Renshaw, Nichola Groom, Bill Berkrot Organizations: ClearView Energy Partners, Sunrise, New York State Energy Research, Development Authority, Analysts, BP, U.S, Thomson Locations: New Jersey, New York, U.S, Massachusetts, Connecticut, Culver City , California

☆ Panama Canal drought hits new crisis level with nearly half of vessel traffic targeted for cuts
▼ + stars: | 2023-11-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

PANAMA CITY, PANAMA - SEPTEMBER 22: The container ship Maersk Bogor is guided by a tugboat as it prepares to enter the Miraflores locks while transiting the Panama Canal on September 22, 2023 in Panama City, Panama. The Panama Canal Authority is continuing to restrict the number of vessels that pass through the Panama Canal locks as drought has caused water levels at Gatun Lake to drop. Over one hundred ships are waiting to transit the canal and the backup could delay goods heading to the United States for the holiday season. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal takes only 35 days.

Persons: Justin Sullivan, Adil Ashiq, Alan Baer, Baer, Jon Davis, Davis, Ashiq, Paul Brashier Organizations: PANAMA CITY, The Panama Canal, Port, CNBC Supply Chain, Panama Canal Authority, East, Panama Canal, MarineTraffic, USA, CNBC, U.S, ITS Logistics Locations: PANAMA, Bogor, Miraflores, Panama, Panama City, The Panama, Colon, Caribbean, United States, Cape Horn, South America, East, Charleston, El Nino, East Coast, Shenzhen, China, Miami , Florida, Suez, North America, U.S, West Coast, Asia, Gulf

"BP reported weak numbers this morning...However, notably, BP has reported exceptional gas trading results on several occasions in the last couple of years, including last quarter," said RBC analyst Biraj Borkhataria. In the downstream, customers & products reported $2.1 bln vs consensus $2.4 bln, despite being supported by very strong oil trading results, suggesting weaker refining margin capture in the third quarter." That was up from the $2.6 billion profit the company reported in the prior three months due to higher oil and gas production, strong refining margins, lower refinery maintenance and "a very strong oil trading result", but natural gas marketing and trading were weak. BP expects capital expenditure of $16 billion this year, the lower end of its indicated range of $16-$18 billion. Rivals Chevron (CVX.N) and Exxon Mobil (XOM.N) last week posted sharp year-on-year drops in third quarter profit as energy prices cooled.

Persons: Norway's, Biraj Borkhataria, Murray Auchincloss, Bernard Looney, Ron Bousso, Louise Heavens, Jason Neely Organizations: windfarm, BP, Reuters Graphics Reuters, Rivals Chevron, Exxon Mobil, Thomson, & $ Locations: U.S, British, New York

A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems, soaring interest rates and a lack of new tax credits. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. In Massachusetts, two offshore wind developers, SouthCoast Wind and Commonwealth Wind, agreed to pay local utilities to terminate deals that would have delivered around 2,400 MW of energy. Avangrid also canceled a contract to sell power in Connecticut from its proposed 804-MW Park City offshore wind farm.

Persons: Tom Little, Denmark's, Joe Biden, Orsted, Jacob Pedersen, Portugal, France's, Avangrid, Scott DiSavino, Louise Breusch Rasmussen, Ron Bousso, Jonathan Oatis, Josie Kao Organizations: REUTERS, BP, U.S, Analysts, Reuters, Commonwealth, Shell, Energias, Thomson Locations: Nysted, Denmark, U.S, Danish, New York, Massachusetts, Connecticut, Rhode Island and Massachusetts, In Massachusetts, Commonwealth, Spanish, Copenhagen, London, Bengaluru

Orsted, the world's largest offshore wind developer, said it would stop developing its 2,248-megawatt (MW) Ocean Wind 1 and 2 projects in New Jersey. The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and supply chain delays. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. Orsted, which in June announced plans to invest 475 billion crowns by 2030, said it was in the process of reviewing its investments and could introduce cost-saving initiatives. Orsted's share price has tumbled 52% since an August profit warning, cutting its market value to 112 billion crowns from 235 billion.

Persons: Joe Biden, Norway's, Mads Nipper, Nipper, Bernstein, Deepa Venkateswaran, Jacob Gronholt, Pedersen, Louise Rasmussen, Gursimran Kaur, Terje Solsvik, Michael Perry, Mark Potter Organizations: Wednesday, U.S, BP, Thomson Locations: U.S, New Jersey, New York, Danish, Copenhagen, Bengaluru

☆ French football again left reeling by rioting fans as Olympics loom
▼ + stars: | 2023-10-30 | by ( Julien Pretot | ) www.reuters.com time to read: +4 min

Grosso, a World Cup winner with Italy in 2006, sustained facial injuries during the incident, leaving league officials to deal with another episode of rioting fans. Some preliminary round Olympic matches will be played in Marseille, where violence erupted at the 1998 World Cup between England fans and French police. Marseille condemned the behaviour of their fans in a statement on Monday. Lyon condemned their fans' behaviour after some were seen making Nazi salutes at the Velodrome. "OL firmly condemns the unacceptable racist behaviour of individuals in the stands on Sunday," the club said in a statement.

Persons: Lyon, Fabio Grosso, Gerald Darmanin, Pablo Longoria, Marseille, Amelie Oudea, Castera, St Etienne, Julien Pretot, Sudip Kar, Tassilo Hummel, Michael Perry Organizations: Olympique de Marseille's Ligue, Olympique Lyonnais, Italy, Marseille's Stade Velodrome, French League, England, French, Olympique de Marseille, Stade Orange Velodrome, France, Stade Velodrome, Marseille, RC Lens, Lille, St, Thomson Locations: Grosso, Marseille's, Marseille, Nice, Montpellier, Angers

☆ Marseille match against Lyon called off after team bus attacked
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

Oct 29 (Reuters) - Sunday's Ligue 1 match between Olympique de Marseille and Olympique Lyonnais was called off after Lyon's team bus was pelted with stones, injuring coach Fabio Grosso, as the players made their way to the Stade Velodrome. Sky Italia footage showed damage to two bus windows and Grosso being led into the stadium by two assistants. Italian media said Grosso suffered injuries to his scalp and face. "He can't hold a conversation, he had shards of glass in his face," Lyon's club president, John Textor added. "Because of a handful of thoughtless people, the party planned for this evening has been ruined, and 65,000 fans have been deprived of attending a football match," the club added.

Persons: Fabio Grosso, Grosso, John Textor, Lyon, Francois Letexier, Fabio Grosso's, Amelie Oudea Castera, Raffaele Longo, Tommy Lund, Kate Entringer, Hugh Lawson, Clare Fallon Organizations: Ligue, Olympique de Marseille, Olympique Lyonnais, Stade Velodrome, Sky, OL, French Professional League, Lyonnais, Marseille, Thomson Locations: Marseille, Gdansk, Paris, Lincoln

☆ An Embarrassment of Witches
▼ + stars: | 2023-10-27 | by ( Marjorie Ingall | ) www.nytimes.com time to read: +3 min

$17.99, ages 8 to 12) shares with Del the realization that self-love can be an act of resistance. Not only can her powers help save the world, but they may also heal her fractured Scottish family. Stories involving spirits and witches (including “Where the Wild Things Are,” “A Wrinkle in Time,” and the Harry Potter and Lord of the Rings series) have triggered book bans and challenges. These three novels are far more likely to be banned for featuring Black and Jewish characters than for witchcraft. Is it any wonder kids want to read about a magical world they have the power to improve?

Persons: Del, Eden Royce —, who’ve, ’ Lundy, Elle McNicoll’s, “, McNicoll, Harry Potter Organizations: Pond Press, PEN America Locations: South Carolina, Edinburgh

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