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☆ Explainer: How will Germany implement its nuclear power extension?
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +5 min

The operators of the three remaining nuclear power plants are E.ON (Isar 2), RWE (RWEG.DE) (Emsland) and EnBW (EBKG.DE) (Neckarwestheim 2). HOW LONG CAN THE PLANTS RUN WITH EXISTING FUEL RODS? According to industry group Nuclear Technology Germany (KernD), it usually takes around one year until fresh fuel rods are delivered. CAN GERMANY EXTEND NUCLEAR POWER BEYOND APRIL 2023? Politically, extending the lifespan of nuclear power is a red line for the Greens party, which has ruled out buying new fuel rods for longer operation of the country's remaining nuclear power plants.

☆ German spy chief: 'Russia is the storm, China is climate change'
▼ + stars: | 2022-10-17 | by ( Sarah Marsh | ) www.reuters.com time to read: +2 min

German and Chinese national flags fly in Tiananmen Square ahead of the visit of German Chancellor Angela Merkel in Beijing, China, May 23, 2018. Register now for FREE unlimited access to Reuters.com RegisterChina has urged Germany not to politicize the countries' economic relations or engage in protectionism "in the name of national security". "In the case of a political disagreement between China and Germany, these instruments will be used," he said. The head of Germany's domestic intelligence service, Thomas Haldenwang, said stakes in critical infrastructure could also open the door to sabotage and influence on public opinion. "When I speak with foreign partners about China, they always say: Russia is the storm, China is climate change," he said.

☆ Germany will be in different situation regarding gas next winter - EconMin
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: 1 min

PRAGUE, Oct 17 (Reuters) - Germany will be in a different situation next winter when it comes to energy because it will have more gas resources available, Economy Minister Robert Habeck said in Prague on Monday. "The main problem for electricity supply is the failure of nuclear power plants in France," he said, adding that Germany was ready to use its nuclear power plants if needed. "Next winter, we have another situation, I would strongly argue, because then ... we (will) have additional gas capacity, so I don't know what the situation in France would be, but on the gas side we definitely have another situation." Register now for FREE unlimited access to Reuters.com RegisterReporting by Robert Muller, Writing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

☆ Tens of thousands of passengers affected by first day of Eurowings strike
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 17 (Reuters) - Pilots at Lufthansa's (LHAG.DE) Eurowings began a three-day strike over working hours, their union said, affecting tens of thousands of the budget airline's passengers on Monday. And so far there is no new offer," said a spokesperson for the Vereinigung Cockpit (VC) pilots' union. Register now for FREE unlimited access to Reuters.com RegisterA view of a time table showing cancelled flights as Eurowings pilots go on a three-day strike, in Cologne, Germany, October, 17, 2022. REUTERS/Thilo SchmuelgenThe airline said about 240 out of 488 flights have been cancelled at airports in Cologne, Hamburg, Berlin and Stuttgart, affecting about 25,000 passengers on the strike's first day. Eurowings pilots had held a one-day strike for improved working conditions at the start of October, affecting about 30,000 passengers and the cancellation of about 250 flights.

☆ Alaska cancels snow crab fishing for a year after the population mysteriously collapsed
▼ + stars: | 2022-10-15 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Alaska canceled the Bering Sea snow crab fishing season for the first time ever on Monday. The snow crab stock looked promising in recent years, sparking hope amid the steep decade-long decline of Alaskan king crab. Yereth Rosen/ReutersScientists need to conduct further research to determine what exactly caused this year's snow crab population crash. Snow crabs had a baby boom, then disappearedA fisherman holds a snow crab in Kjoellefjord, Norway, on November 1, 2017. "Management of Bering Sea snow crab must now focus on conservation and rebuilding given the condition of thestock.

☆ Volkswagen to pay special dividend from Porsche IPO in early January
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Oct 14 (Reuters) - Volkswagen (VOWG_p.DE) on Friday said it would propose to pay a special dividend of 19.06 euros ($18.66) per share from the proceeds of the listing of Porsche AG (P911_p.DE). The proposal will be voted on at an extraordinary general meeting (EGM) scheduled for Dec. 16 and the special dividend is due on Jan. 9, 2023, according to the EGM invite published on Friday. Volkswagen previously flagged that it planned to pay out 49% of the proceeds from the initial public listing of Porsche AG in early 2023, without providing more granular details. ($1 = 1.0216 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Christoph Steitz, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

☆ Alaska cancels snow crab season, threatening key economic driver
▼ + stars: | 2022-10-14 | by ( Evan Bush | ) www.cnbc.com time to read: +5 min

For the first time, crews in Alaska won't be braving ice and sea spray to pluck snow crab from the Bering Sea. The Alaska Department of Fish and Game canceled the snow crab season earlier this week after a catastrophic population crash of the sizable crustaceans. "It's going to be life-changing, if not career-ending, for people," said Dean Gribble Sr., a 63-year-old crab boat captain who has fished for "opies" — snow crab — since the late 1970s. In summer, many small snow crab make their habitat in a cold pool that forms on the Bering seafloor. The newspaper was the first to report the snow crab season closure.

☆ Indicators point to hard winter for Germany - economy ministry
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Oct 14 (Reuters) - The German economy is facing a difficult winter based on the current economic indicators, the Economy Ministry warned on Friday in its monthly report. It pointed to the government's fall projection, which forecasts three negative quarters in a row beginning with the third quarter of 2022. Register now for FREE unlimited access to Reuters.com RegisterWriting by Miranda Murray Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.

☆ Germany needs to tackle inflation threat, wants transparency from China - Lindner
▼ + stars: | 2022-10-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

Inflation can bring that foundation to erosion," Lindner said in Washington. Speaking alongside Bundesbank President Joachim Nagel, Lindner said Germany has the means to address its weaknesses, including by investing in alternative energy resources. China has argued it would not take part in some cases unless the IMF and World Bank also took a haircut. "I have used the opportunity again to remind creditors, in particular China, of their own responsibility," Lindner said. It's regrettable that China did not accept the invitation to participate in the G7 roundtable with African countries.

☆ CPS workers search millions of homes a year. A mom who resisted paid a price.
▼ + stars: | 2022-10-13 | by ( Eli Hager | Eli Hager Is A Reporter For Propublica Covering Issues Affecting Children | Teens In The Southwest. | ) www.nbcnews.com time to read: +9 min

Ferguson, a nurse working 16-hour double shifts, knew instantly who she’d find in her hallway that day in February 2019. A domestic violence survivor who previously lived in a shelter, Ferguson had never been accused of child abuse, ACS case records show. But many parents don’t know that they have the right to deny these government agents or don’t push back for fear of losing their children, according to parents and their advocates. It’s a staggering reality — likely millions of warrantless searches a year — and one that has not been reported before. Ferguson believes her constitutional rights were violated that day at her apartment, and is now suing New York City in federal court.

☆ Siemens signs deal to supply equipment for gigafactories JV
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

Gigafactories is a generic term referring to facilities that produce batteries for electric vehicles on a large scale. Under the deal, Siemens will become ACC's preferred supplier for automation, digitalisation and electrification technology. Terms of the partnership, which is part of the Siemens Xcelerator open digital platform launched earlier this year, have not been revealed. "ACC uses virtually the entire spectrum of Xcelerator - from factory construction to production automation to building services," Siemens managing board member Cedrik Neike told Reuters. Siemens on Thursday also announced a deal with electric vehicle company Volta Trucks to deliver electric charging infrastructure for truck customers, to help the transition to electrified vehicles.

☆ German harmonised inflation +10.9% y/y in September
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Oct 13 (Reuters) - Germany's consumer prices, harmonised to compare with other European countries, were 10.9% higher year-on-year in September, the Federal Statistical Office said on Thursday, confirming preliminary figures. On a non-harmonised basis, consumer price inflation was also confirmed. The office offers more detailed economic data on its website. Register now for FREE unlimited access to Reuters.com RegisterWriting by Miranda Murray, editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

☆ Bad Bunny dominates American Music Award nominations
▼ + stars: | 2022-10-13 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

Bad Bunny performs during his World's Hottest Tour at SoFi Stadium in Inglewood, California, U.S., September 30, 2022. Bad Bunny received a total of eight AMA nominations and will compete for artist of the year against British singers Adele and Harry Styles and Canadian musician The Weeknd. Bad Bunny's other nods included favorite male pop artist, favorite music video and favorite touring artist. If Bad Bunny wins all eight awards he is eligible for, he would tie 1980s superstars Michael Jackson and Whitney Houston for the most AMA wins in a single year. In country music categories, Chris Stapleton, Luke Combs and Morgan Wallen are among the nominees for favorite male country artist.

☆ Factbox: Key nominees for the 2022 American Music Awards
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

LOS ANGELES, Oct 13 (Reuters) - Nominations were announced on Thursday for the 2022 American Music Awards. Fan votes will determine the winners, and the awards will be presented at a televised ceremony in Los Angeles on Nov. 20. Following is a list of key nominations:ARTIST OF THE YEARAdeleRegister now for FREE unlimited access to Reuters.com RegisterBad BunnyBeyonceDrakeHarry StylesTaylor SwiftThe WeekndNEW ARTIST OF THE YEARDove CameronGAYLELattoManeskinSteve LacyCOLLABORATION OF THE YEARCarolina Gaitan, Mauro Castillo, Adassa, Rhenzy Feliz, Diane Guerrero, Stephanie Beatriz & Encanto Cast -- "We Don’tTalk About Bruno"Elton John & Dua Lipa -- "Cold Heart"Future featuring Drake & Tems -- "Wait for U"Lil Nas X ft. Jack Harlow -- "Industry Baby"The Kid LAROI & Justin Bieber -- "Stay"FAVORITE TOURING ARTISTBad BunnyColdplayEd SheeranElton JohnThe Rolling StonesFAVORITE MUSIC VIDEOAdele -- "Easy On Me”Bad Bunny featuring Chencho Corleone -- "Me Porto Bonito"Harry Styles -- "As It Was"Lil Nas X featuring Jack Harlow -- "INDUSTRY BABY"Taylor Swift -- "All Too Well (Taylor’s Version)"FAVORITE MALE POP ARTISTBad BunnyDrakeEd SheeranHarry StylesThe WeekndFAVORITE FEMALE POP ARTISTAdeleBeyonceDoja CatLizzoTaylor SwiftFAVORITE POP DUO OR GROUPBTSColdplayImagine DragonsManeskinOneRepublicFAVORITE POP SONGAdele -- "Easy On Me"Carolina Gaitan, Mauro Castillo, Adassa, Rhenzy Feliz, Diane Guerrero, Stephanie Beatriz & Encanto Cast -- "We Don’tTalk About Bruno"Harry Styles -- "As It Was"Lizzo -- "About Damn Time"The Kid LAROI & Justin Bieber -- "STAY"FAVORITE MALE COUNTRY ARTISTChris StapletonCody JohnsonLuke CombsMorgan WallenWalker HayesFAVORITE FEMALE COUNTRY ARTISTCarrie UnderwoodLainey WilsonMaren MorrisMiranda LambertTaylor SwiftFAVORITE COUNTRY DUO OR GROUPDan + ShayLady AOld DominionParmaleeZac Brown BandFAVORITE MALE HIP-HOP ARTISTDrakeFutureKendrick LamarLil BabyLil DurkFAVORITE FEMALE HIP-HOP ARTISTCardi BGloRillaLattoMegan Thee StallionNicki MinajFAVORITE ROCK ARTISTImagine DragonsMachine Gun KellyManeskinRed Hot Chili PeppersThe LumineersFAVORITE K-POP ARTISTBLACKPINKBTSSeventeenTomorrow X TogetherTwiceRegister now for FREE unlimited access to Reuters.com RegisterReporting by Lisa Richwine; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

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☆ Germany needs to tackle inflation threat, wants fairness from China - Lindner
▼ + stars: | 2022-10-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +1 min

"Inflation is the biggest danger for our economic foundation, inflation can bring that foundation to erosion," Lindner said in Washington. Register now for FREE unlimited access to Reuters.com RegisterThe latest forecasts suggest Germany is on the brink of recession and the central bank sees inflation staying at over 7% next year. Speaking alongside Bundesbank President Joachim Nagel, Lindner said German growth had slipped behind other countries because it was especially vulnerable to Europe's energy crisis and supply chain disruptions. Germany has the means to address its weaknesses, including by investing in alternative energy resources, Lindner said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal; writing by Matthias Williams, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

☆ American Music Awards 2022: See the full list of nominees
▼ + stars: | 2022-10-13 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +3 min

The Puerto Rican performer is the most-nominated artists for the 2022 American Music Awards, earning eight nominations, among them his first-ever for artist of the year. Beyoncé, Drake and Taylor Swift each earned six nominations, while Adele, Harry Styles and The Weeknd came in with five a piece. And elsewhere, Elton John made history for what the show called being “the longest-recognized artists” in the show’s history. The show also boasted about the addition of a new category dedicated to the K-Pop genre, favorite K-Pop artist. The American Music Awards will air Sunday, November 20 at 8 p.m.

☆ BASF to slash costs in Europe, takes writedown on Nord Stream 1
▼ + stars: | 2022-10-12 | by ( Ludwig Burger | ) www.reuters.com time to read: +1 min

FRANKFURT, Oct 12 (Reuters) - German chemicals group BASF (BASFn.DE) said it would slash annual costs by 500 million euros ($485 million) in Europe until 2024 and look into restructuring its chemical sites in the region over the longer term after it was hit by high energy prices. It cited significantly weaker earnings in Europe due to "deteriorating framework conditions" and a loss in Germany in the third quarter. In an unscheduled statement, BASF also said its third-quarter net income was below market expectations due to a 740 million euro writedown linked to the Nord Stream 1 gas pipeline. BASF, which is due to publish detailed results on Oct. 26, said global third-quarter sales and operating income before special items came in slightly higher than analysts had expected, buoyed by a strong U.S. dollar. ($1 = 1.0320 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Ludwig Burger, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

☆ Volkswagen to invest up to 2 bln euros in JV with China's Horizon Robotics - reports
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Volkswagen logo is pictured at the 2022 New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Brendan McDermid/File PhotoBERLIN, Oct 12 (Reuters) - Volkswagen (VOWG_p.DE) plans to to invest up to 2 billion euros ($1.94 billion) in a joint venture with China's Horizon Robotics, Handelsblatt and Manager Magazin reported on Wednesday. Reuters reported earlier that VW planned a significant investment in a joint venture in the country for software production. It operates numerous joint ventures in China, holding a 75% stake in its venture with JAC (600418.SS), a 50% stake with SAIC (600104.SS) and 40% with FAW (SASACJ.UL). ($1 = 1.0304 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Kirsti Knolle, Victoria Waldersee, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

A logo is seen on the facade of the BASF plant in Schweizerhalle near Basel July 7, 2009. REUTERS/Christian Hartmann/File PhotoFRANKFURT, Oct 12 (Reuters) - BASF (BASFn.DE) is to reduce annual costs by 500 million euros ($485 million) in Europe up to 2024, including job cuts, as the German chemicals group took a 740 million euro writedown linked to the Nord Stream 1 pipeline. BASF cited significantly weaker earnings in Europe due to "deteriorating framework conditions" and a loss in Germany in the third quarter as reasons for the cutbacks. Register now for FREE unlimited access to Reuters.com RegisterThe group said its third-quarter net income was below market expectations due to the 740 million euro writedown linked to the Nord Stream 1 gas pipeline. A BASF spokesperson said job cuts would be part of the efficiency drive, declining to give a number.

EU energy ministers meeting in Prague will attempt to provide clearer instructions on what the European Commission should propose as the bloc's next emergency energy measure. With gas prices almost 90% higher than a year ago, most EU countries say they want a gas price cap, but disagree on its design. Those discussions "went in all directions", one EU diplomat said - referring to the numerous options being floated, including a price cap on all gas, pipeline gas, or just gas used to produce electricity. Some countries, including Germany, Europe's biggest gas consumer, oppose a broad gas price cap, fearing it would leave Europe struggling to attract supplies from price-competitive global markets this winter. Norway's energy minister Terje Aasland, who joined Wednesday's meeting along with other European non-EU members, said his country "doesn't recommend" a gas price cap.

☆ German union calls on Amazon workers to strike during sale
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 11 (Reuters) - German trade union Verdi on Tuesday called on workers at nine Amazon distribution centres across Germany to go on strike this week, during the company's second major sales event this year, to pressure the retailer into collective bargaining agreements. The union said the strikes would begin and end at different times at the various locations to make it hard for the company to react. "Strikes have to hurt, even for a giant like Amazon," said Monika Di Silvestre, who is coordinating the strikes. Amazon's two-day "Prime Early Access Sale" shopping event for members, which starts Tuesday, is much like the Prime Day summer marketing blitz and will compete with early discounts from rival retailers for customers grappling with inflation-squeezed Christmas budgets. Register now for FREE unlimited access to Reuters.com RegisterWriting by Miranda Murray Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.

☆ Givaudan's quarterly growth slows on North America weakness, shares fall
▼ + stars: | 2022-10-11 | by ( Silke Koltrowitz | ) www.reuters.com time to read: +2 min

An employee mixes liquid fragrances in a bottle in a laboratory of Swiss flavours and fragrances maker Givaudan in the town of Duebendorf, Switzerland November 5, 2015. Group sales rose 6.1% on a like-for-like basis and 7.7% in Swiss francs, reaching 5.458 billion Swiss francs ($5.45 billion) in the first nine months of 2022. However, sales in the group's taste and wellbeing unit that makes flavours for food and drinks fell 2.8% in North America, implying an even stronger slowdown in the third quarter. Givaudan's shares, down almost 37% so far this year, were 6.4% lower at 0801 GMT. Givaudan confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.

☆ Givaudan on track to offset higher input costs as sales rise
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Arnd WiegmannZURICH, Oct 11 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) said on Tuesday it was on track to implement price increases to offset higher input costs after like-for-like sales rose 6.1% in the first nine months of 2022. Sales were up 6.1% on a like-for-like basis and 7.7% in Swiss francs, reaching 5.458 billion Swiss francs ($5.45 billion) in the nine-month period, the Geneva-based company said. Register now for FREE unlimited access to Reuters.com RegisterSales in Givaudan's fragrance and beauty business rose 5.8% at 2.489 billion francs, helped by almost 15% higher fine fragrance sales, Givaudan said. Sales in its taste and wellbeing unit increased by 6.4% to 2.969 billion francs despite a hit from COVID-19 measures in China, the company said. Givaudan confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.

☆ Volkswagen targeting 20-30% automation at new electric vehicle plant
▼ + stars: | 2022-10-11 | by ( Victoria Waldersee | ) www.reuters.com time to read: +1 min

WOLFSBURG, Oct 11 (Reuters) - Volkswagen (VOWG_p.DE) is looking at automating 20-30% of production at its upcoming Trinity plant near its Wolfsburg headquarters, the plant's chief production officer said on Tuesday. "Assembly is still 90% manual work," Sebastian Schmickartz said at a suppliers summit in Wolfsburg. The Trinity plant, where the German carmaker will build a new flagship electric sedan, is due to begin pre-series production in 2025, with the official start of production in 2026. Volkswagen brand production chief Christian Vollmer told Reuters earlier this year the carmaker hoped this production strategy would help boost its productivity and keep its upper hand in the European market. Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

☆ Decoupling from China not an option for EU firms - Dombrovskis
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 11 (Reuters) - Decoupling from China is not an option for companies in the European Union, EU trade commissioner Valdis Dombrovskis told an engineering conference in Berlin on Tuesday, as the Ukraine war redefines how the bloc sees its important trade partners. "The EU should continue engaging with China with pragmatism and without naivety. Besides China, the EU's relations with its other important trade partner, the United States, have also changed, he said. Dombrovskis argued that the green subsidies provided for in the act discriminate against the EU's automotive, renewables, battery and energy-intensive industries. Register now for FREE unlimited access to Reuters.com RegisterWriting by Miranda Murray Editing by Madeline Chambers, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

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