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☆ Canada news industry body backs Google's concerns about online news law
▼ + stars: | 2023-10-12 | by ( Ismail Shakil | ) www.reuters.com time to read: +3 min

The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsOTTAWA, Oct 12 (Reuters) - A Canadian news industry body on Thursday lent support to some of Google's concerns about a new law that aims to make large internet companies share advertising revenue with news publishers in the country. Canada tried addressing tech companies' concerns about the law in draft rules released in September, but Google and Meta Platforms META.O were not convinced. "We are aligned that there should be a firm ceiling, rather than a floor on financial liability," Deegan said in the statement. "We will continue to engage those with questions or concerns, including tech giants," Heritage Minister Pascale St-Onge said in a statement, adding that Ottawa will be reviewing submissions received during public consultation for the draft rules.

Persons: Shannon Stapleton, Paul Deegan, Deegan, Pascale St, Onge, Ismail Shakil, Jonathan Oatis Organizations: Google, Chelsea, REUTERS, Rights OTTAWA, News Media Canada, Globe and Mail, Toronto Star, NMC, Globe, Thomson Locations: New York City, U.S, Canada, Ottawa

☆ Explainer: Goldman Sachs and its role in the multi-billion dollar 1MDB scandal
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +5 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. 1MDB was a sovereign fund set up in 2009 with the help of Malaysian financier Jho Low to promote economic development. The United States has said the 1MDB case was its largest ever kleptocracy investigation. Low, a fugitive, has been charged in Malaysia and the United States over his central role in the case. Goldman has been investigated by regulators in at least 14 countries for its role in underwriting the 1MDB bond issues.

Persons: Goldman Sachs, Andrew Kelly, Najib Razak, Goldman, 1MDB, Jho Low, Najib, Low, GOLDMAN, Tim Leissner, Roger Ng, Goldman's, Anwar Ibrahim, Simon Cameron, Moore Organizations: New York Stock Exchange, REUTERS, Goldman Sachs, Malaysia, Malaysian, 1Malaysia, U.S . Department of Justice, The United, DoJ, United Malays National Organisation, GOLDMAN, London Court, Thomson Locations: New York City , New York, U.S, KUALA LUMPUR, The United States, Malaysia, United States, China, Beijing, MALAYSIA, Malaysian

☆ Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock merger
▼ + stars: | 2023-10-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Pioneer shares were up nearly 2% in premarket trading, while Exxon was down more 2%. As part of the agreement, Pioneer stockholders will receive 2.3234 shares of Exxon for every Pioneer share they own. Exxon Mobil said Wednesday it agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. Since then, Pioneer shares are up more than 10%. Exxon shares have also struggled in 2023, climbing modestly.

Persons: Darren Woods, Woods, Scott Sheffield Organizations: Exxon, Exxon's, Mobil, Exxon Mobil, Natural Resources, Pioneer, Street

☆ Goldman Sachs sues Malaysia as discord over 1MDB settlement escalates
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/ File Photo Acquire Licensing RightsOct 11 (Reuters) - Goldman Sachs Group (GS.N) is suing Malaysia in a UK court, a source familiar with the matter told Reuters, as tensions escalate over a settlement linked to its role in the 1MDB investment-fund scandal. The arbitration has been filed with the London Court of International Arbitration (LCIA), the source said. In 2020, Goldman Sachs had agreed to pay $3.9 billion to settle Malaysia's criminal probe over the U.S. investment bank's role in the multibillion-dollar 1MDB scandal. The United States has been returning funds it has recovered from seized assets that were allegedly bought with stolen 1MDB money.

Persons: Olivia Harris, Goldman Sachs, Najib Razak, Goldman, Samrhitha, Shinjini Organizations: Malaysia Development Berhad, Tun, Exchange, REUTERS, Goldman Sachs, London Court, International, Government, Reuters, Malaysian, Prosecutors, United, Bloomberg News, Thomson Locations: Malaysia, Kuala Lumpur, U.S, United States, Bengaluru

☆ Australia's central bank sees risks mounting in global markets, China property
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +3 min

Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. In an effort to curb surging inflation, the central bank has lifted interest rates to a decade-high of 4.1%, causing widespread financial stress among households where debt levels are at record peaks. "A small, but rising share of borrowers are on the cusp, or in the early stages, of financial stress," the review stated. "A tightening in global financial conditions could transmit to Australia via linkages in funding markets and risk aversion," the review said. Another area of concern was China's property sector where financial stress was proving a drag on the world's second largest economy and Australia's single biggest export market.

Persons: Daniel Munoz, Michele Bullock, Wayne Cole Organizations: Reserve Bank of Australia, REUTERS, Rights, Financial, Thomson Locations: Sydney, Australia, China, U.S, United States, AUSTRALIA

☆ Michael Lewis says being around Sam Bankman-Fried was a downgrade from his more materialistic life: 'The food was worse. The company was worse.'
▼ + stars: | 2023-10-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Michael Lewis, the author of "Going Infinite," said being around SBF was a lifestyle "downgrade." Lewis met Sam Bankman-Fried more than 100 times and interviewed his FTX colleagues for the book. So I always felt it was a downgrade moving into his world," Lewis told Emily Donaldson in a Wednesday report in The Globe and Mail, a Canadian newspaper. I would have had as much trouble with this crowd when I was 25," Lewis told Donaldson. Lewis told CBS's "60 Minutes" the crypto exchange would still be making "tons of money" if there hadn't been a run on customer deposits.

Persons: Michael Lewis, Lewis, Sam Bankman, —, Emily Donaldson, Fried, Donaldson, CBS's Organizations: Service, Canadian, Toyota Corolla, Bankman Locations: SBF, The Globe, Bahamas, Hong Kong

But in first-primary state New Hampshire, Trump sits in the campaign driver's seat, with nearly half of Granite State GOP primary voters saying the former president is their first pick for the 2024 presidential nomination. Nikki Haley, who served as Trump's ambassador to the United Nations, came in second with 19% support – the highest level she has attained in New Hampshire primary polls. The survey found that voters were not very willing to shift to other candidates at this point, months before the yet-unscheduled New Hampshire primary. But the Suffolk poll indicates that Trump's legal woes have not deterred his base. "Add in second-choice votes from all the other major candidates – even if they all endorsed Haley – and Trump sits above 55%," Paleologos said.

Persons: Donald Trump, Trump, Nikki Haley, Ron DeSantis, Chris Christie, Vivek Ramaswamy, Sen, Tim Scott of, Mike Pence, Doug Burgum, Haley, Chris Sununu, –, David Paleologos, Haley –, Paleologos Organizations: Granite State GOP, Suffolk University, Boston Globe, Former South Carolina Gov, United Nations, Florida Gov, New, New Jersey Gov, North Dakota Gov, Trump, District of Columbia, New Hampshire Republicans, Suffolk University Political Research Center Locations: New Hampshire, Granite State, USA, New Jersey, Tim Scott of South Carolina, Hampshire, Iowa, New York, Florida , Georgia, Suffolk, Boston

This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.

Organizations: CNBC

☆ US Hits Chinese, Russian Firms Over Moscow Military Aid
▼ + stars: | 2023-09-25 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

By David Shepardson and Alexandra AlperWASHINGTON (Reuters) - U.S. President Joe Biden's administration on Monday imposed new trade restrictions on 11 Chinese and five Russian companies, accusing some of supplying components to make drones for Russia's war effort in Ukraine. The Commerce Department, which oversees export policy, added a total of 28 firms, including some Finnish and German companies, to a trade blacklist, making it harder for U.S. suppliers to ship them technology. The investigation found that Hong Kong-based exporter Asia Pacific Links Ltd. has been among the most important suppliers to Russia's drone program. The firm, along with import company SMT iLogic, were the target of an earlier round of U.S. sanctions in May. The United States has aggressively used a trade blacklist known as the entity list to target China's tech sector and attempt to stymie Russia's war in Ukraine.

Persons: David Shepardson, Alexandra Alper WASHINGTON, Joe Biden's, Alan Estevez, Barack Obama, Alexandra Alper, Rami Ayyub Organizations: The Commerce Department, China's, Links Ltd, Technology Center, Russia's Main Intelligence, General Staff, Reuters, Royal United Services Institute, Special Technology, Asia Pacific Links, SMT, Commerce, Iran Aircraft Manufacturing Company, Commerce Department, U.S, United Locations: Ukraine, Russian, London, St . Petersburg, Russia, Hong Kong, Iran, United States

Ukrainian President Volodymyr Zelenskiy is embraced by U.S. President Joe Biden in the Oval Office of the White House in Washington, September 21, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Sept 25 (Reuters) - U.S. President Joe Biden's administration on Monday imposed new trade restrictions on 11 Chinese and five Russian companies, accusing some of supplying components to make drones for Russia's war effort in Ukraine. The firm, along with import company SMT iLogic, were the target of an earlier round of U.S. sanctions in May. Another six Chinese entities were added for allegedly procuring aerospace parts for the Iran Aircraft Manufacturing Company that are used to make drones used by Iran to attack oil tankers in the Middle East and by Russia in Ukraine, according to the Commerce Department. The United States has aggressively used a trade blacklist known as the entity list to target China's tech sector and attempt to stymie Russia's war in Ukraine.

Persons: Volodymyr Zelenskiy, Joe Biden, Kevin Lamarque, Joe Biden's, Alan Estevez, Barack Obama, David Shepardson, Alexandra Alper, Rami Ayyub Organizations: U.S, White, REUTERS, Rights, The Commerce Department, China's, Links Ltd, Technology Center, Russia's Main Intelligence, General Staff, Reuters, Royal United Services Institute, Special Technology, Asia Pacific Links, SMT, Commerce, Iran Aircraft Manufacturing Company, Commerce Department, United, Thomson Locations: Washington, Ukraine, Russian, London, St . Petersburg, Russia, Hong Kong, Iran, United States

☆ Opinion: Trudeau’s fumble on India
▼ + stars: | 2023-09-24 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +7 min

CNN —It is hard to imagine any world leader wanting to share the foreign policy swamp in which the beleaguered Canadian Prime Minister, Justin Trudeau, currently finds himself. Nijjar led a group pushing for the creation of an independent Sikh homeland in northern India called Khalistan. The Biden administration can’t be blamed for prioritizing its ongoing bromance with India and Prime Minister Narendra Modi over the bilateral relationship with Ottawa. A cynic might say that prematurely publicizing the explosive findings against India is a diversion tactic to steer attention away from the China interference file and the domestic issues piling up. Or that it is simply amateur hour at the offices of the prime minister and foreign affairs.

Persons: Michael Bociurkiw, Justin Trudeau, Michael Bociurkiw Chrystia Chudczak, Trudeau’s, Trudeau, India ”, Hardeep Singh, Nijjar, Mélanie Joly, —, Joly, “, ” Yaroslav Baran, Biden, can’t, Narendra Modi, Joly —, Meng Wanzhou, Meng, ” Baran, Jagmeet Singh, Assembly —, Goody Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Canadian, Sikh Canadian, British Columbia, Toronto Globe, Mail, Ottawa, Huawei, Iran, UN Security Council, Canada, mojo, India —, New Democratic Party, Atlantic, UN, Assembly Locations: Canadian, Odesa, Europe, China, India, Delhi, British, Khalistan, Ottawa, Indian, Canada, Ukraine, Russian, United States, Quebec, Washington

But none have stepped up to condemn India for its alleged involvement in the June slaying on Canadian soil of a Sikh separatist, Hardeep Singh Nijjar. All that makes it hard for Canada's main allies — which are also some of India's main partners — to loudly speak out. The government’s allegations are particularly awkward now for the U.K., which is seeking a free trade deal with India. In 2018, for example, China-Canada relations nosedived after China detained former Canadian diplomat Michael Kovrig and Canadian entrepreneur Michael Spavor. Now the stakes are higher, and it's unclear — at least publicly — who Canada can count on for full-throated support.

Persons: Justin Trudeau, —, They’ve, Hardeep Singh, Janice Stein, Sushant Singh, ”, Trudeau, India ramped, — Trudeau, Rishi Sunak’s, Max Blain, ” Trudeau, Sunak, Joe Biden, Mélanie Joly, John Kirby, “, Kirby, Biden, Robert Bothwell, Narendra Modi's, Putin, Vladimir Putin, Nijjar, Michael Kovrig, Michael Spavor, Meng Wanzhou, Meng, Donald Trump, Trump, Bothwell Organizations: TORONTO, Canadian, Munk School of Global Affairs, Policy Research, Canada, Canada’s The Globe, Mail, British, Canadian Foreign, White House, University of Toronto, Indian, Nijjar, White, Huawei, U.S, “ Locations: India, U.S, Britain, Australia, New Zealand, China, Japan, Germany, Toronto, New Delhi, West, Vancouver, Canada, Indian, Canadian, Canada’s The, South Asia, Pacific, Ottawa, Washington, Russia, Surrey, Saudi, Saudi Arabia, “, British

☆ Photos: Media mogul Rupert Murdoch
▼ + stars: | 2023-09-21 | by ( ) edition.cnn.com time to read: +1 min

Rupert Murdoch announced Thursday that he will step down as chairman of Fox Corporation and Fox News. It's now a massive multimedia empire that spans the globe and includes TV, online, film and print interests. Murdoch, 92, owns hundreds of publishing outlets across the world and is one of the richest and most powerful people in the world. "Murdoch is the most ruthless businessman in world history," said Roger Stone, political strategist and ally of former President Donald Trump. I hope to be able to leave them a great opportunity like my father left me," Murdoch said.

Persons: Rupert Murdoch, It's, Murdoch, Roger Stone, Donald Trump Organizations: Fox Corporation, Fox News, News Corp, HBO Locations: Australia

He has sought to boost Brazil's cred with each state visit and speech, one multilateral forum after another. PUSHING FOR GLOBAL GOVERNANCE — BRAZIL-STYLEDuring Lula’s travels, he has pushed for global governance that gives greater heft to the Global South and advocating diminishing the dollar’s dominance in trade. After the International Criminal Court issued a warrant for Russian President Vladimir Putin's arrest, Lula said he would review Brazil's membership in the court. Some in Washington had initially hoped Lula could be helpful in advancing a shared agenda in Venezuela, Winter said. As they stood embracing, Lula remained seated while applauding a few feet away and nearly out of the camera frame.

Persons: Luiz Inacio Lula da Silva's, Brazil —, —, Lula, Bolsonaro, ”, Oliver Stuenkel, Getulio Vargas, Ukraine’s, Vladimir Putin's, “, Brian Winter, Biden, Winter, ” Biden, Jake Sullivan, Narendra Modi, Saudi Crown Prince Mohammed bin Salman, Cuba “, ” Lula, Nicolás Maduro, LULA, Lula isn't, Modi, Thomas Traumann, Azali Assoumani, Assoumani's, Paulo Peres, Said Peres, Eleónore Hughes, Madhani, David Biller Organizations: UNITED NATIONS, —, General, Getulio, Getulio Vargas Foundation, Global, . National, Bolsonaro, Indian, Saudi Crown, Biden, Federal University of Rio, . Security, Associated Press Locations: Brazil, United States, China, Italy, India, Argentina, Angola, Sao Paulo, — BRAZIL, Washington, Western Europe, U.S, York, Americas, New York, Ukraine, New Delhi, Cuba, Havana, Venezuela, ”, Brazilian, Federal University of Rio Grande do Sul, Rio de Janeiro

☆ Martin Sheen and Melissa Fitzgerald: ‘We are all dancing on the edge of the abyss’
▼ + stars: | 2023-09-18 | by ( Opinion Martin Sheen | Melissa Fitzgerald | ) edition.cnn.com time to read: +7 min

Melissa Fitzgerald is an actress and director of strategic engagement for All Rise, founded as the National Association of Drug Court Professionals, a training, membership, and advocacy organization for justice system innovation and reform. These public health and public safety crises are among the paramount social challenges of our time. And of course, we need to develop an ever-growing workforce of licensed addiction treatment providers to deliver services. Treatment courts are a shining example of how the justice system can, and should, provide a public health-oriented response to addiction. This year alone, 4,000 treatment courts will refer 150,000 people to treatment and recovery support.

Persons: Martin Sheen, Melissa Fitzgerald, Melissa —, —, Andy, “, ” Melissa Fitzgerald Leah Puttkammer, Martin Sheen Michael Kovac, we’ll Organizations: Golden Globe, National Association of Drug Court, Public, CNN, AFI, US Centers for Disease Control, National Center, Substance, Welfare, Mental Health Administration, Research, Kennedy Center Locations: telehealth, Chicago, Washington , DC

☆ Morning Bid: Autoworkers' walkout to test resilience of US economy
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

Brighter data from China meanwhile has helped lift sentiment across global markets, except for China, heading into the weekend. While Japan's Nikkei (.N225) rose 1% and European shares opened higher (.STOXX), China shares reversed earlier gains (.CSI300). European markets continued to cheer the likely end of the European Central Bank's rate hiking cycle. And even if the ECB suggested rates would stay higher for longer, markets are already looking past that to rate cuts as economic growth weakens. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Eric Cox, Nick Macfie Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, General Motors, Ford, Chrysler, United, Workers, Japan's Nikkei, European, ECB, SoftBank's Arm Holdings, Nasdaq, Reuters Graphics Reuters, Uni of Michigan, Thomson, Reuters Locations: Wayne , Michigan, U.S, Australia, China

☆ Canada to remove consumption tax for new apartment buildings -source
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Sept 14 (Reuters) - Canada will remove the federal 5% sales tax on the construction of new rental apartment buildings in a bid to boost housing supplies, a source directly familiar with the matter said on Thursday. Trudeau's Liberal government, under pressure over a lack of affordable housing, on Wednesday told cities to do more and said those who cooperated would receive federal cash. "A Poilievre government will restore the promise of Canada by building homes people can afford," he said. The deadline for the next election is October 2025 but it could come sooner. Reporting by David Ljunggren and Steve Scherer; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Justin Trudeau, Trudeau, Pierre Poilievre, David Ljunggren, Steve Scherer, Grant McCool Organizations: Globe and Mail, Trudeau's Liberal, Wednesday, Conservatives, Liberal, Conservative, Thomson Locations: OTTAWA, Canada

☆ Rugby World Cup: After triumphing with the All Blacks, Malakai Fekitoa has found a ‘new purpose’ with Tonga
▼ + stars: | 2023-09-14 | by ( George Ramsay | ) edition.cnn.com time to read: +9 min

Long before he had the chance to travel to New Zealand, Fekitoa set his sights on competing for the All Blacks – undoubtedly the most famous rugby team on the planet. “It was always a dream of mine to play for New Zealand, even though I was born and raised in Tonga,” Fekitoa tells CNN Sport. Fekitoa tries to force his way through a tackle during a Rugby Championship match between New Zealand and Argentina in 2014. The change has proved particularly beneficial for Tonga, which, as well as Fekitoa, has named former All Blacks Vaea Fifita, George Moala and Charles Piutau in its squad for the ongoing Rugby World Cup in France. After the rule change, he thinks more All Blacks players will follow his lead by swapping allegiances.

Persons: Fekitoa, ” Fekitoa, Jonah Lomu, Cameron Spencer, –, haven’t, Fifita, George Moala, Charles Piutau, Leon Lord, Adam Coleman, Israel Folau, “, ”, “ I’m, I’ve, Richard Heathcote, It’s, James Crombie, “ It’s Organizations: CNN, All Blacks, New Zealand, CNN Sport, Tonga, Wellington Sevens, Wesley College, Rugby, Blacks, Fiji, Getty, Australia, Ireland, Wasps, Gloucester, Tonga –, Rugby Championship, Nations, United Rugby, Munster, Romania, Tonga’s, Tongan, Kiwi, New Locations: Tonga, New Zealand, Australia, Auckland, Argentina, Europe, Monaco, France, AFP, New, England, Ireland, Italy, South Africa, Scotland, Samoa

☆ Meta's block on Canadian news content led to an increase in news app downloads and usage
▼ + stars: | 2023-09-08 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Now, many news outlets are seeing an increase in downloads and usage of their apps. Meta's decision to block user access to news in Canada is not having an entirely negative effect on the country's major publishers. The Globe and Mail in August saw a 98% increase in app downloads and a 27% increase in daily users; CTV News saw a 157% increase in app downloads and an 83% increase in daily usage; La Presse saw a 32% increase in app downloads and an 8% increase in usage; and The National Post's downloads were up almost 10%, with daily usage up 3%. Meanwhile, CBC News saw downloads and daily usage remain relatively flat. "In recent weeks, we have seen an increase in CTV News app downloads, which demonstrates the importance of having access to online news from a Canadian perspective."

Persons: Similarweb, Justin Trudeau, Meta, Kali Hays Organizations: Facebook, CBC, The Globe, Mail, CTV, Meta, Canadian, Global News, National, Canada, Globe and, Presse, Globe, CTV News, CBC News, Bell Media, Bell, Twitter Locations: Canada, Canadian, Globe, Europe, Germany, France, khays@insider.com, @hayskali

☆ Finland's ex-PM Marin to join Blair think tank, leave parliament
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-Finland's Social Democrats Party Chair, former Prime Minister of Finland Sanna Marin waves from the stage before her resignation speech at the Party Congress of the Socialdemocrats of Finland in Jyvaskyla, Finland, September 1, 2023. Based on her new position, Marin is formally asking permission to resign from parliament, her centre-left Social Democrats party said. The London-based policy think tank is led by former British Prime Minister Tony Blair. "I feel that this assignment is such that it will benefit the whole of Finland as well," Marin told reporters. Marin was the world's youngest prime minister when she took office in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile at a turbulent time.

Persons: Marin, Ulander, Sanna Marin, Tony Blair, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: Finland's Social, Chair, Party Congress, REUTERS, Rights, Tony, Tony Blair Institute for Global, Social, British, NATO, Thomson Locations: Finland, Jyvaskyla, London, COVID, Ukraine

☆ Finland's Ex-PM Marin to Join Blair Think Tank, Leave Parliament
▼ + stars: | 2023-09-07 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

HELSINKI (Reuters) - Finland's former Prime Minister Sanna Marin, who narrowly lost an election in April and stepped down from the leadership of her party last week, plans to leave parliament and join the Tony Blair Institute for Global Change, she said on Thursday. Based on her new position, Marin is formally asking permission to resign from parliament, her centre-left Social Democrats party said. The London-based policy think tank is led by former British Prime Minister Tony Blair. "I feel that this assignment is such that it will benefit the whole of Finland as well," Marin told reporters. Marin was the world's youngest prime minister when she took office in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile at a turbulent time.

Persons: Sanna Marin, Tony Blair, Marin, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: Tony, Tony Blair Institute for Global, Social, British, NATO Locations: HELSINKI, London, Finland, COVID, Ukraine

☆ BlackRock voted against Glencore's climate progress report
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Acquire Licensing RightsCompanies BlackRock Inc FollowGlencore PLC FollowLONDON, Sept 6 (Reuters) - Major Glencore shareholder BlackRock Inc (BLK.N) was among investors to reject the mining giant's (GLEN.L) climate progress report at its annual meeting in May, citing inconsistencies, a voting disclosure page on the asset manager's website shows. BlackRock allows many clients to cast their own votes at companies' annual general meetings. The page also showed BlackRock did not back a shareholder resolution seeking more disclosure on progress in scaling back thermal coal production, which got 29% support, without saying why. But BlackRock in August reported a further decline in its support for shareholder resolutions on environmental and social themes, citing corporate progress on the areas and poorly crafted measures.

Persons: Brendan McDermid, Glencore, company's, Clara Denina, Simon Jessop, Josie Kao Organizations: BlackRock, New York Stock Exchange, REUTERS, BlackRock Inc, BIS, Thomson Locations: New York City, U.S, Paris

☆ Finland's Marin, once the world's youngest premier, steps down as party leader
▼ + stars: | 2023-09-01 | by ( Essi Lehto | ) www.reuters.com time to read: +3 min

Finland's Social Democrats Party Chair, former Prime Minister of Finland Sanna Marin waves from the stage before her resignation speech at the Party Congress of the Socialdemocrats of Finland in Jyvaskyla, Finland, September 1, 2023. Marin, who had announced her intention to quit soon after the election loss, was the world's youngest prime minister when she took the post in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile. After her election loss, Marin said she looked forward to a quieter life and later also announced a divorce from her husband. Entering the stage on Friday to the beat of Aretha Franklin's "Respect", Marin thanked her party for its support. She was due to formally hand over the reins later on Friday after the Social Democrats elect a new leader.

Persons: Marin, Ulander, Sanna Marin, succesfully, Aretha Franklin's, Essi, Terje Solsvik, Frances Kerry Organizations: Finland's Social, Chair, Party Congress, REUTERS Acquire, Rights, Social Democrats, NATO, Vogue, Time, National Coalition, Finns, Thomson Locations: Finland, Jyvaskyla, COVID, Ukraine, Russia, U.S

B REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies BlackRock Inc FollowAug 23 (Reuters) - Top asset manager BlackRock on Wednesday reported a further decline in its support for shareholder resolutions on environmental and social themes, citing corporate progress on the areas and poor crafting of the measures by filers. In an annual stewardship report being released with the end of the 12-month corporate annual meeting cycle on June 30, New York-based BlackRock said it supported 7% of 399 shareholder proposals on environmental and social issues. In the newest report BlackRock said many of the measures called for changes that would not be helpful to companies in its funds. Data has previously shown investor support slipping for many resolutions, and as companies strike compromises with activists. BlackRock has been under fire from conservative U.S. politicians who say it has over-emphasized sustainability issues, citing past proxy votes.

Persons: Shannon Stapleton, BlackRock, Ross Kerber, Isla Binie, Simon Jessop, Sonali Paul Organizations: REUTERS, BlackRock, filers, Thomson Locations: BlackRock, New York, U.S, Boston, London

☆ I Lived Through Canada’s Summer Wildfire Smoke - The New York Times
▼ + stars: | 2023-08-23 | by ( Serge Schmemann | ) www.nytimes.com time to read: +2 min

Nothing like it had ever happened before — these wildfires began far earlier and spread far faster than usual, and they have burned far more boreal forest than any fire in Canada’s modern history. As of this writing, 5,881 wildfires have consumed 15.3 million hectares, about 59,000 square miles, dwarfing the 10-year average of 2.6 million hectares per summer. With the melting Arctic to their north and the immensity of their northern wilderness, Canadians are not strangers to climate anxiety. “Temperatures are rising at the rate we thought they would, but the effects are more severe, more frequent, more critical. China had its heaviest rains in 140 years; record wildfires devastated Greek islands, and the list goes on.

Persons: it’s, ”, Michael Flannigan Organizations: New, Globe, Mail, Thompson Rivers University, World Meteorological Organization Locations: infernos, New York, Canada, Kamloops , British Columbia, Maui, Hawaii, Lahaina, New England, Manatee Bay, South Florida, China

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