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“He’s just got a great command of the offense.”Michigan beat Minnesota on the road for the 18th straight time. The Wolverines have beaten the Gophers (3-3, 1-2) for the Little Brown Jug trophy 43 times in their last 47 matchups. This was Michigan's largest margin of victory in a Big Ten game since beating Rutgers 52-0 in 2019. Ohio State has the three longest Big Ten winning streaks in league history, including the 30-game record-setter from 2012-2015. The last conference loss for the Wolverines was to rival Michigan State on Oct. 30, 2021.
Persons: — Will Johnson, , Jim Harbaugh, J.J, McCarthy, ” Harbaugh, “ He’s, Sabb, Athan Kaliakmanis, Jack Tuttle, Jayden Denegal, Daniel Jackson, Kaliakmanis, Jackson, Johnson, Harbaugh, Minnesota's, Blake Corum, Leon Franklin, ” McCarthy, , Mason Graham, ” Graham, , P.J, Fleck, they've, ” Johnson, Darius Taylor, " Fleck Organizations: Gophers, Michigan, Minnesota, Wolverines, Cincinnati, Rutgers, Ohio State, Michigan outgained, FBS, Illinois, ” Gophers, , The Gophers, Big, Michigan State, Penn State, Big Ten, , AP Locations: MINNEAPOLIS, Michigan, Michigan outgained Minnesota, Minnesota, Jhost Indiana, . Minnesota, Iowa
REUTERS/Siphiwe Sibeko/File Photo Acquire Licensing RightsJOHANNESBURG, Oct 6 (Reuters) - South Africa's first virtual electricity transfer model is likely to go live by end of next year, a top government official said on Friday, a move that could rapidly ramp up renewable power consumption and reduce the burden on ailing state utility Eskom. The utility in August signed an agreement with Vodacom (VODJ.J), the African telecoms arm of Vodafone (VOD.L), to introduce an electricity transfer model known as virtual wheeling, which will allow a consumer to buy renewable power from any producer anywhere in the country. This is expected to make power from large renewable producers available to smaller users such as standalone buildings, housing societies and factories. "What we're trying to resolve really is to ensure that we protect the South African economy from total collapse," Minister of Electricity Kgosientsho Ramokgopa said during a conference. Vodacom's South Africa Chief Executive Sitho Mdlalose told Reuters this would help it to run its 15,000 network sites on renewable power.
Persons: Sun, Siphiwe, Ramokgopa, Onicah Rantwane, Sitho Mdlalose, Nqobile, Promit Mukherjee, Kirsten Donovan Organizations: Kendal Power, REUTERS, Rights, Vodacom, Vodafone, Electricity, Eskom, Reuters, Thomson Locations: Kendal, Witbank, Mpumalanga, South Africa, Rights JOHANNESBURG
South African rand slightly firms as US dollar dips
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +1 min
South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration Acquire Licensing RightsJOHANNESBURG, Oct 4 (Reuters) - The South African rand traded slightly higher on Wednesday following several days of weakness as the softening of the U.S. dollar supported risk sentiment. At 1619 GMT, the rand traded at 19.2800 against the dollar , about 0.3% stronger than its previous close. South Africa's benchmark 2030 government bond was weaker in afternoon deals, with the yield up 6.5 basis points to 11.085%. Reporting by Tannur Anders and Anait Miridzhanian; Editing by Alexander Winning and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Mike Hutchings, Tannur Anders, Anait, Alexander Winning, Chris Reese Organizations: REUTERS, Rights, U.S ., P, Africa PMI, Local, Woolworths, Africa's, Thomson Locations: Rights JOHANNESBURG, Africa, Stillwater, Johannesburg
NFL roundup: Puka Nacua, Rams outlast Colts in OT
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +11 min
The Rams went 75 yards on their overtime drive with Nacua scoring his first career TD on a third-down play. Kyren Williams scored two first-quarter touchdowns and had 103 yards on 25 carries for the Rams (2-2). Tua Tagovailoa threw for 282 yards, one touchdown and one interception on 25-for-35 passing for the Dolphins (3-1). Buccaneers 26, Saints 9Baker Mayfield threw three touchdown passes and the Tampa Bay defense did not allow a touchdown in a win against host New Orleans. Josh Dobbs completed 28 of 41 passes for 265 yards and two touchdowns, both to Michael Wilson, for the Cardinals (1-3).
Persons: Matthew Stafford, Trevor Ruszkowski, Puka Nacua, Nacua, Kyren Williams, Stafford, Anthony Richardson, Drew Ogletree, Michael Pittman, Richardson, Josh Allen, Stefon Diggs, Allen, Diggs, De'Von Achane, Tua Tagovailoa, Wil Lutz, Sean Payton, Russell Wilson, Marvin Mims Jr, Lutz's, Justin Fields, Jake Elliott, Sam Howell's, Jahan Dotson, Joey Slye's, Jalen, Brown, Howell, Trevor Lawrence, Darious Williams, Lawrence, Williams, Brandon McManus, Bijan Robinson, Desmond Ridder, Justin Jefferson, Kirk Cousins, Alexander Mattison, Sam Franklin Jr, Bryce Young, Harrison Smith, Young, D.J, Wonnum, Lamar Jackson, Brandon Stephens, Geno Stone, Kyle Hamilton, Mark Andrews, Jackson, Dorian Thompson, Robinson, Deshaun Watson, Myles Garrett, Stroud, Nico Collins, Watt, Collins, Kenny Pickett, Mitch Trubisky, Baker Mayfield, Mayfield, Cade Otton, Trey Palmer, Thompkins, Alvin Kamara, Kamara, Derek Carr, Blake Grupe, Derrick Henry, Ryan Tannehill, Joe Burrow, Tee Higgins, Cam Taylor, Britt, Khalil Mack, Justin Herbert, Herbert, Mack, Derrick Thomas, Aidan O'Connell, Jimmy Garoppolo, Davante Adams, Josh Jacobs, Leighton Vander Esch, DaRon Bland, CeeDee Lamb, Hunter Luepke, Dak Prescott, Mac Jones, Jones, Bailey Zappe, Christian McCaffrey, McCaffrey, Brock Purdy, Josh Dobbs, Michael Wilson Organizations: Los Angeles Rams, Indianapolis Colts, Lucas Oil, Rams, BYU, Colts, Bills, Dolphins, Buffalo, Miami, Broncos, Bears, Chicago, Denver, Eagles, Philadelphia, Washington, Jaguars, Falcons, Jacksonville, Atlanta, Vikings, Panthers, Minnesota, Carolina, The Vikings, Ravens, Browns, Cleveland, Texans, Steelers, Houston, Pittsburgh, Stroud, Buccaneers, Saints, Tampa, New, Bucs, Bengals, Cincinnati, The Titans, Titans, Chargers, Raiders, Las Vegas, NFL, Cowboys, Patriots, Dallas, The Cowboys, 49ers, Cardinals, Arizona Locations: Indianapolis , Indiana, USA, Miami, Orchard Park, N.Y, Washington, Atlanta, London, Charlotte, N.C, Carolina, Baltimore, Pittsburgh, New Orleans, Tennessee, Nashville, Cincinnati, Los Angeles, Inglewood , Calif, New England, Arlington , Texas, Francisco, Santa Clara, Calif
The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. In June, global miner Glencore (GLEN.L), Chrysler parent Stellantis (STLAM.MI) and Volkswagen's (VOWG_p.DE) battery unit PowerCo agreed to back the deal through an equity investment. Weak economic data from the world's largest metals consumer China, which it has reported since August, affected the investors' appetite for the deal, a source, directly familiar with the situation, told Reuters. "The deal fell apart over price," said another source familiar with the situation, adding the price was higher than the buyers considered realistic after the nickel price declined. Reporting by Polina Devitt and Clara Denina; editing by Timothy Gardner and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Arnd, ACG, Glencore, Appian, Sibanye, Polina Devitt, Clara Denina, Timothy Gardner, David Gregorio Our Organizations: REUTERS, Appian Capital, Chrysler, Reuters, South Africa's, Thomson Locations: Baar, Switzerland, London, Appian, China, Stillwater
An MTN logo is seen outside the company's headquarters in Johannesburg, South Africa, March 13, 2023. With about 9 million registered mobile money subscribers in South Africa, MTN South Africa's Chief Financial Services Officer Bradwin Roper told reporters on Thursday the group is largely focusing on the roughly 15% of South Africans that are still unbanked. South Africa-based mobile money users will now be able to send money to recipients across over 10 African countries in real time if they are also registered users of the MTN service, Roper said. To make payments easier for such business owners, MTN also launched what it says are cheaper-to-rent point-of-sale devices that merge payments and other added services like airtime purchases into one device. MTN relaunched its South African mobile money business early in 2020, more than three years after closing it.
Persons: Siphiwe, Bradwin Roper, Roper, Nqobile Dludla, Jan Harvey Organizations: MTN, REUTERS, Rights, MTN South Africa's, Financial, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Africa, South
The logo of South Africa's Discovery group in seen on its headquarters in Sandton, Johannesburg, South Africa, February 20, 2020. Discovery, which has a market share of 57.8% in the health insurance space, declared a final dividend of 110 South Africa cents per share. The company said organic cash generation was strong during the year after increased cash generation in its life insurance Discovery Life following high COVID-19 related claims in the prior period and the reduction in the cost of new initiatives. Discovery's headline earnings per share (HEPS) were 834.3 South African cents, up 5% from 792.4 cents a year earlier. Normalised HEPS, which Discovery considers a more accurate measure of its profit and which also excludes exceptional items, rose by 32%.
Persons: Mike Hutchings, Adrian Gore, Gore, Nqobile, Mark Potter, Barbara Lewis Organizations: REUTERS, Bank, Discovery Ltd, Thomson Locations: Sandton, Johannesburg, South Africa, JOHANNESBURG, Africa, Britain
Legacy media companies like Disney , Warner Bros. Netflix was the first streamer to report a loss in subscribers in 2022, sending its stock and other media companies spiraling. Media companies also have begun slashing content spending budgets. Yet streaming remains the focus for all of these companies as consumers rapidly cut the cord and opt for streaming. Legacy media companies scrambled to follow suit, unsure if the model actually worked.
Persons: Mario Tama, it's, Steven Schiffman, NBCUniversal, Bob Iger, Ken Solomon, Solomon, Marc DeBevoise, John Hodulik, hasn't, , Hulu —, Peacock, Max —, HBO Max, — Ryan Murphy, Shonda, Kenya Barris, David Benioff, Weiss —, Jonathan Miller, Shonda Rhimes, Presley Ann, Patrick McMullan, Bart Simpson, esports, DeBevoise, Peter Csathy Organizations: Netflix, Getty, North, Georgetown University, Legacy, Disney, Warner Bros, Discovery, Paramount, Media, Marvel, Tennis Channel, Sinclair, Companies, UBS, CBS, HBO, Max, Hulu, Integrated Media, Trek, Universal Studios Television, Getty Images Disney, Wars, Fox, Hollywood's, Creative Media, Charter Communications, ESPN, & $, + + Locations: Los Angeles, North American, J.J, Abrams, Kenya, Beverly Hills , CA, Georgetown
JOHANNESBURG, Sept 7 (Reuters) - Raymond Ackerman, who founded Pick n Pay (PIKJ.J) from just four stores 56 years ago and turned them into one of South Africa's leading grocery retailers, has died aged 92, the company said on Thursday. "It is with profound sadness that we announce the death at the age of 92 of visionary South African, and founder of Pick n Pay, Raymond Ackerman," the company said. The Ackermans retail group was later sold to competitor Greatermans, which started the supermarket group Checkers, now part of bigger rival Shoprite (SHPJ.J). After leaving Greatermans, Ackerman bought four small stores in Cape Town trading under the name Pick 'n Pay. Today it generates 106 billion rand in annual turnover and owns more than 2,000 stores across South Africa and seven other African countries.
Persons: Raymond Ackerman, Gus, Ackerman, Gareth, Pick, Nqobile Dludla, Christina Fincher Organizations: Greatermans, Thomson Locations: JOHANNESBURG, Greatermans, Cape Town, South Africa
When television and movie writers went on strike in May, studios quickly suspended certain first-look deals — mostly those for lesser-established writers. In an escalation of the standoff between studios and the Writers Guild of America — it has entered its fifth month, with no end in sight — Warner Bros. moved late Wednesday to suspend deals with the 1 percent of television writers. Warner Bros. also suspended deals with Greg Berlanti (“Superman & Lois”) and Bill Lawrence (“Ted Lasso”), among others, the people said. A spokeswoman for Warner Bros. declined to comment. A spokesman for the Writers Guild of America had no immediate response.
Persons: Mindy Kaling, Abrams, Warner, Kaling, Greg Berlanti, Lois ”, Bill Lawrence, Ted Lasso ” Organizations: Writers Guild of America, Warner Bros, College Girls
BOULDER, Colo. (AP) — Deion Sanders wants his players reading all those stories about how good they are. You see all the attention that we’re getting?’ That has registered now,” Sanders said Tuesday as he prepares for his home debut at Colorado this weekend against Nebraska. ... Focus on the bad things, focus on the things that we weren't able to do at a high level. Deion Sanders rattled off a long list of accomplishments against the Horned Frogs, a team that was favored by three touchdowns. — His QB son setting nine school records ("Kordell Stewart called me not happy about it," Sanders joked of the former Colorado standout).
Persons: — Deion Sanders, isn't, Sanders, , ” Sanders, Magic Johnson, Patrick Mahomes II, J.J, Watt, FanDuel Sportsbook, I’m, “ We’re, Matt Rhule, he’s, ” Rhule, “ They’ve, Shedeur Sanders, that’s, Tom Brady, who's, Don’t, , Deion Sanders, Travis Hunter, — Dylan Edwards, , Kordell Stewart, Eric Olson Organizations: TCU, Nebraska, of Fame, Jackson State, , Buffaloes, Big, Colorado, ” TCU, AP College Football, AP Locations: BOULDER, Colo, Colorado, Boulder, Nebraska, Minnesota
Mattel's Barbie is just one of many big brands getting serious about making Hollywood-style entertainment. "Barbie" may be the movie of the summer, but lots of other big brands are getting serious about making Hollywood-style entertainment. Brands are also getting more systematic about tracking the projects' outcome so they can justify the cost. Neutrogena: Neutrogena Studios launched in 2021 and is J&J Consumer's first brand-funded content studio to make feature documentaries and scripted shorts. Showtime/PepsiPepsiCo: PepsiCo's Content Studio is led by veteran PepsiCo marketer Lou Arbetter.
Persons: Barbie, Ron Howard, Brian Grazer's, Oscar, Michael Sugar, Brian Newman, REI, Michael Sugar's, Jae Goodman, Lauren Denowitz, Coke, Brian Grazer, Ron Howard's, Selman Careaga, John Deere, Mara Downing, Al Roker, Jill Wilfert, Robbie Brenner, J.J, Abrams, Lena Dunham, Barney, Daniel Kaluuya, J, Sebastian Garcia, Laurie Hernandez, Matt Damon, Ben Affleck's, Entertainment —, Justin Biskin —, Howard, Lou Arbetter, Max, Robert Rodriguez, Nadia Hallgre, Stanley Nelson, Arbetter, It's, Procter, Kimberly Doebereiner, Paolo Mottola, Kyra Sedgwick, Watiti, Saint Laurent, Anthony Vaccarello, Saint, Pedro Almodóvar, Ethan Hawke, Pedro Pascal, it's, Paolo Sorrentino, David Cronenberg, Kelly Mullen, Bryce Dallas Howard, Lena Waithe, WePresent, Holly Fraser, Moses Sumney, Solange Knowles, Riz Ahmed, Aneil, Fraser Organizations: Hollywood, Procter, Gamble, Brands, Unilever, InBev, Waffle Iron Entertainment, draftLine Entertainment, Netflix, Coca Cola, Entertainment, Global, Deere, Warner Bros, Warner Brothers, Universal Studios, Mattel, Neutrogena Studios, Studio, Kerry, Seattle Film, Ghetto Film, HBO Nike, Nike, Waffle, Apple, HBO, Showtime, Pepsi PepsiCo, PepsiCo, Pepsi Super, Pepsi, G Studios, Imagine, Amazon's, Hulu, Paramount, Blue Fox Entertainment, Saint Laurent Productions, Unilever Entertainment, Imagine Entertainment, Monotype Locations: Hollywood, Kerry Washington, American, Cannes, Britain
Thermal coal insurance rates rose more than 20% last year, it said, above the 7.3% rise in the benchmark Marsh Global Insurance Market Index. Insurance companies can be active in both primary insurance and reinsurance and have differing commitments on ESG for different parts of their business. "Establishing a mutual fund for the coal industry is a matter for the coal industry," a spokesperson for the Australian Department of Treasury said. "I'm talking about going beyond your normal UK-based markets and looking into Asia for funders and insurance cover," she added. Coal prices hit record highs in September last year as European countries scrambled to replace Russian gas, sending coal miners' profits soaring.
Persons: Philip Mostert, Seriti, Doug Gain, Gain, Ben Davis, Willis Towers Watson, Thungela, China's, Russia's, Switzerland's Chubb, Chubb, Russia's SOGAZ, Peter Bosshard, Nombasa Tsengwa, Tsengwa, Exxaro, Clara Denina, Sarah McFarlane, Nelson Banya, Elaine Hardcastle, Daniel Flynn Organizations: REUTERS, Seriti, Thungela Resources, International Energy Agency, Reuters, Marsh Global Insurance, Whitehaven Coal, Whitehaven, Allianz, Swiss, Germany's Allianz, Insuramore, Australian Department of Treasury, South, Thomson Locations: American, Mpumalanga Province, South Africa, South, Ukraine, Whitehaven, Munich, Australia, Asia, Europe
The Johannesburg-based precious metals producer is on the shortlist of potential buyers for the copper mines owned by a unit of the Zambian government. The Chinese company has a presence in copper mining and would be joining Sibanye as an investment partner, Froneman said. The Chinese investor could help derisk the investment at Mopani, Froneman said. "They are an investment partner but technically they understand the copper business and smelting, so it's managing risk," he said. The Mopani assets require significant investment but spending would be spread over a number of years, Froneman said.
Persons: Neal Froneman, we've, Froneman, Felix Njini, Tannur Anders, Sharon Singleton, David Holmes Organizations: Mines, Reuters, China's Zijin Mining, U.S, Rothschild & Co, Thomson Locations: NAIROBI, Stillwater, Johannesburg, Zambian, Southern Africa, Europe, U.S, Mopani, Switzerland, ZCCM
I’ll be plotting meals, proofing sourdough, sleuthing for blackberries at the back of beyond. My colleagues will cover for me while I’m gone, offering you many delicious things to cook and eat. I’ll see you in September. My dinner tonight could be yours as well, though: grilled corn on the cob (above), slathered with butter and served alongside a platter of hot dogs prepared in the American way, which is to say in a lot of different ways, as J.J. Goode reported for The New York Times. You can’t go wrong with corn and hot dogs, ever.
Persons: I’m, Goode Organizations: blackberries, The New York Times
[1/2] A customer displays the package of a Safaricom Ethiopia sim card during the service launch in Addis Ababa, Ethiopia, October 6, 2022. REUTERS/Tiksa Negeri/File Photo Acquire Licensing RightsADDIS ABABA, Aug 16 (Reuters) - Safaricom's (SCOM.NR) M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies. The company also faces stiff competition from Ethio Telecom, whose profits more than doubled in its latest financial year. In July, Ethio Telecom reported having more than 34 million subscribers to its mobile money service Telebirr. Mobile money services are common in East Africa, allowing customers to send and receive money and pay for goods and services.
Persons: Safaricom, Stanley Njoroge, Dawit, Elias Biryabarema, Aaron Ross, Jane Merriman Organizations: REUTERS, Tiksa, South Africa’s Vodacom, Britain’s Vodafone, Democratic, Ethio Telecom, Thomson Locations: Ethiopia, Addis Ababa, ADDIS ABABA, Horn of Africa, Kenya, Democratic Republic of Congo, Egypt, Ghana, Lesotho, Mozambique, Tanzania, Mobile, East Africa
S.African lender Nedbank posts 11% rise in half year profit
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +1 min
Customers perform transactions on Nedbank automated teller machine (ATM) at the Trade Route Mall, in Lenasia outside Johannesburg, South Africa, February 8, 2023. REUTERS/Siphiwe SibekoJOHANNESBURG, Aug 8 (Reuters) - South Africa's Nedbank Group (NEDJ.J), amongst the top five lenders in the country, recorded an 11% rise in interim profit as it gained from high interest rates, even as its bad loans grew. For the half year ended June 30, the bank's headline earnings per share, a profit measure, was at 15.25 rand ($0.8121), up from 13.70 rand posted a year earlier. But a combination of inflation, high interest rates and regular power cuts are taking a toll. ($1 = 18.7778 rand)Reporting by Promit Mukherjee; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Promit Mukherjee, Jacqueline Wong Organizations: REUTERS, Nedbank, Thomson Locations: Lenasia, Johannesburg, South Africa, Siphiwe, JOHANNESBURG
ATP roundup: Yosuke Watanuki records upset in Washington
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +2 min
[1/4] Aug 2, 2023; Washington, D.C., USA; Yosuke Watanuki (JPN) hits a backhand against Felix Auger-Aliassime (CAN) (not pictured) on day five of the Mubadala Citi DC Open at Fitzgerald Tennis Stadium. Mandatory Credit: Geoff Burke-USA TODAY SportsAugust 3 - Japan's Yosuke Watanuki prevailed in a wild first-set tiebreaker en route to a 7-6 (10), 7-6 (3) upset of No. 3 seed Felix Auger-Aliassime on Wednesday in a second-round match at the Mubadala Citi DC Open in Washington. Watanuki jumped out to a 4-1 lead in the opening set's tiebreaker, but Auger-Aliassime stormed back and eventually held leads of 5-4 and 9-8. But Watanuki held firm, and on his fifth set point, he was finally able to get past the Canadian.
Persons: Yosuke, Felix Auger, Geoff Burke, Watanuki, Aliassime, Jordan Thompson, Adrian Mannarino, Frenchman Gregoire Barrere, Daniel Evans of, Tallon Griekspoor, Christopher Eubanks, Ugo Humbert, Gael Monfils, Great, Andy Murray, Taylor Fritz, Zachary Svajda, Alex Molcan, Sebastian Ofner, Molcan, Argentina's Sebastian Baez, Roberto Carballes Baena, France's Arthur Rinderknech, Colombia's Daniel Elahi Galan, Dominic Thiem, Djere, Argentina's Tomas Martin Etcheverry, Pedro Cachin Organizations: D.C, Citi DC, Fitzgerald Tennis, USA, ., Austrian, Thomson Locations: Washington, USA, France, Daniel Evans of Great Britain, Slovakia, Kitzbuhel, Austria, Spain, Serbia
MTN launches first 5G network in Uganda
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: 1 min
KAMPALA, July 28 (Reuters) - Telecom firm MTN Uganda (MTNU.UG), a unit of South Africa's MTN Group (MTNJ.J), on Friday launched the first 5G network in the east African country. MTN has Uganda's largest subscriber base at around 15 million. 5G offers faster data speeds and lower latency or response time. Sylvia Mulinge, MTN Uganda's chief executive officer, said the company planned to roll out full 5G coverage in the capital Kampala by the end of 2024 and that over the next two years all its base sites in major cities would also be converted to 5G. Writing by Elias Biryabarema; Editing by George Obulutsa and Alexander WinningOur Standards: The Thomson Reuters Trust Principles.
Persons: Sylvia Mulinge, Elias Biryabarema, George Obulutsa, Alexander Organizations: Telecom, MTN Uganda, South Africa's MTN, MTN, Bharti Airtel, 5G, MTN Uganda's, Thomson Locations: KAMPALA, South, Kampala
LONDON, July 27(Reuters Breakingviews) - The world is getting hotter, but when it comes to achieving net zero investors are cooling. Glencore (GLEN.L), the $75 billion Swiss group that is one of the world’s biggest coal miners, makes an interesting case study for what’s changed. Either way, the plan raises the prospect of Glencore bulking up in coal before offloading some or all of the enlarged business. True, a listing of Glencore’s enlarged coal business might not happen for a few years. While prices have now more than halved, Glencore‘s coal business would still make $9 billion in EBITDA in 2023 if they averaged $200 a tonne.
Persons: what’s, Glencore, Gary Nagle, Nagle, Teck, wouldn’t, There’s, Wael Sawan, Larry Fink, underwhelmed, ” Nagle, Glencore’s, George Hay, Karen Kwok, Peter Thal Larsen, Aditya Munjuluru Organizations: Reuters, Resources, Teck Resources, Bluebell Capital Partners, Investment, International Energy Agency, Reuters Graphics Reuters, Rio Tinto, BHP, GQG Partners, Capital Research Group, BlackRock, Vanguard, Services, Saudi, Aramco, United Nations, of, Pensions, Shell, Financial Times, , Melbourne Mining, Capital Partners, Thomson Locations: Glasgow, Ukraine, EBITDA, American, U.S, Glencore, London, New York, Europe, Melbourne
It's not just Barbie — lots of big brands are getting serious about making Hollywood-style entertainment. Insider identified 13 new and established players making the biggest moves in the space. "Barbie" may be the movie of the summer, but lots of other big brands are getting serious about making Hollywood-style entertainment. Neutrogena: Neutrogena Studios launched in 2021 and is J&J Consumer's first brand-funded content studio to make feature documentaries and scripted shorts. PepsiCo: PepsiCo's Content Studio is led by veteran PepsiCo marketer Lou Arbetter.
Persons: It's, Ron Howard, Brian Grazer's, Oscar, Michael Sugar, Brian Newman, REI, Michael Sugar's, Jae Goodman, Lauren Denowitz, Coke, Brian Grazer, Ron Howard's, Selman Careaga, John Deere, Mara Downing, Al Roker, Jill Wilfert, Ryan Gosling, Margot Robbie, Barbie, Ken, Jaap Buitendijk, Robbie Brenner, J.J, Abrams, Lena Dunham, Barney, Daniel Kaluuya, J, Sebastian Garcia, Laurie Hernandez, Matt Damon, Ben Affleck's, Entertainment —, Justin Biskin —, Howard, Lou Arbetter, Max, Robert Rodriguez, Nadia Hallgre, Stanley Nelson, Arbetter, Procter, Kimberly Doebereiner, Paolo Mattola, Kyra Sedgwick, Watiti, Saint Laurent, Anthony Vaccarello, Saint, Pedro Almodóvar, Ethan Hawke, Pedro Pascal, it's, Paolo Sorrentino, David Cronenberg, Kelly Mullen, Bryce Dallas Howard, Lena Waithe, WePresent, Holly Fraser, Moses Sumney, Solange Knowles, Riz Ahmed, Aneil, Fraser Organizations: Hollywood, Procter, Gamble, Companies, Brands, Unilever, InBev, Waffle Iron Entertainment, draftLine Entertainment, Netflix, Coca Cola, Entertainment, Global, Deere, Warner Bros, Warner Brothers, Universal Studios, Mattel, Neutrogena Studios, Studio, Kerry, Seattle Film, Ghetto Film, HBO Nike, Nike, Waffle, Apple, HBO, PepsiCo, Pepsi Super, Showtime, Pepsi, G Studios, Imagine, Amazon's, Hulu, Paramount, Blue Fox Entertainment, Saint Laurent Productions, Unilever Entertainment, Imagine Entertainment, Monotype Locations: Hollywood, Kerry Washington, American, Cannes, Britain
The "Barbie" movie could drive material upside for Mattel stock, according to Goldman Sachs. The bank increased its Mattel price target to $24 as estimates suggest more than $150 million in ticket sales this weekend. These are the three reasons why Goldman expects the movie to drive financial upside for Mattel. These are the three factors that could help Mattel benefit from the potential success of the "Barbie" movie. A bonus reason exists for Mattel stock to benefit from the "Barbie" movie, and that's the possibility of Mattel licensing more of its intellectual property for content creation, according to the note.
Persons: Goldman Sachs, Goldman, Margot Robbie, Barbie, Ryan Gosling, Ken, Christopher Nolan's, Oppenheimer, Warner Brothers, Mattel, Stephen Laszczyk, Laszczyk, J.J . Abrams Organizations: Mattel, Service, Privacy, BoxOffice Pro, Rotten Locations: Wall, Silicon, America
Contains many spoilers for Season 1 of “Creamerie.”The New Zealand post-viral-apocalypse comedy “Creamerie” likes to begin an episode right where the previous one left off. “Creamerie” is in the science fiction subgenre of world-without-men shows; others include the new Netflix anime “Ooku: The Inner Chambers” and FX on Hulu’s “Y: The Last Man” from 2021. “Creamerie” was created by the actresses who play the leads — J.J. Fong, Perlina Lau and Ally Xue — along with the writer and director Roseanne Liang. The four have been collaborators for a decade, making Web series about relatably snarky young women in urban New Zealand. Fong, Lau and Xue play Jamie (determined, sorrowful, sexy), Pip (uptight, repressed, resourceful), and Alex (rebellious, profane, loyal), the proprietors of a dairy farm in rural New Zealand.
Persons: , cowering, French, It’s, , Creamerie ”, — J.J, Fong, Perlina Lau, Ally Xue —, Roseanne Liang, Lau, Xue, Jamie, Pip, Alex Organizations: Hulu, Netflix Locations: Zealand, New Zealand
WASHINGTON, July 10 (Reuters) - The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender's president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. Banga announced the initiative at a global finance summit in Paris last month alongside Mark Carney, the U.N. special envoy on climate action, and Shriti Vadera, chair of Prudential Plc (PRU.L). The World Bank and the CEOs will work "to develop, test, implement and ultimately scale financing structures that can most effectively mobilize private capital," Carney said in a statement. He said in a statement that the Private Investment Lab CEOs were a "crucial piece of the puzzle" to devise ways to pull more private sector investment into the intertwined challenges of poverty, climate and fragility. Reporting by David Lawder; Editing by Will Dunham and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Ajay Banga, Joe Biden, King Charles . Banga, Mark Carney, Shriti Vadera, Carney, Thomas Buberl, Larry Fink, BlackRock, Noel Quinn, Hendrik du Toit, Jessica Tan, Sim Tshabalala, Bill Winters, Dilhan, Mark Gallogly, Banga, David Lawder, Will Dunham, David Gregorio Our Organizations: Bank, Investment, U.S, Prudential Plc, World Bank, AXA, HSBC, Shemara, Mitsubishi UFJ Financial, Ping An, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy, Tata Sons, Temasek, Cairns, Mastercard, Private Investment, Thomson Locations: Britain, Paris, Macquarie, Banga
[1/3] One of Tiger Brands' most popular beverage products, Oros, is seen during production at a manufacturing facility in Germiston, South Africa November 17, 2022. This investment, sometimes at the cost of essential capital expenditure, will eventually be passed onto consumers, making food prices higher for longer, food companies, economists and lobby groups told Reuters. It comes at a time when South Africa is already struggling with acute unemployment, 14-year high interest rates and ballooning inflation and complicates efforts of the South African Reserve Bank (SARB) to ease interest rate hikes. Poultry producer Astral (ARLJ.J), diversified food producers AVI (AVIJ.J) and RCL Foods (RCLJ.J) have indicated in their recent earnings statements the mitigating measures would eventually translate into higher food prices. The listed food producers have collectively lost almost 15% in their market value since the beginning of the year.
Persons: James Oatway, Derek McKernan, Kobus, Pieter Taljaard, Thomas Funke, Charles Rossouw, Rosle, Cloete, Gertenbach, Tannur Anders, Anait, Promit Mukherjee, David Evans Organizations: Tiger Brands, REUTERS, Reuters, South African Reserve Bank, Reuters Graphics, Premier, RCL, Grain SA, Cane Growers ' Association, Food, Agricultural, Thomson Locations: Germiston, South Africa, JOHANNESBURG, Africa
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