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The Ford vote in Kentucky showed 55% of the members at the Kentucky Truck plant voting against the deal. That plant went on strike with little notice on October 12, about three weeks into the strike that targeted specific plants at the company. Members at Ford’s nearby Louisville Assembly plant who belong to the same union local voted 53% in favor of the deal. A vote tracker on the UAW site shows that 65% of members at Ford who have voted so far approve of the deal. So far the vote at Stellantis has overwhelming support, with 82% of the members who have voted supporting the deal.
Persons: Mack Truck, Spokespeople, Shawn Fain, Fain, Stellantis Organizations: New, New York CNN, General Motors, Ford, GM, Kentucky, UAW, Flint, Facebook Locations: New York, Louisville , Kentucky, Flint , Michigan, Kentucky, Ford’s, Louisville, Dearborn Michigan, Stellantis, Marysville , Michigan, Detroit
Workers at Chrysler-owner Stellantis are still in early voting but have so far largely backed the contract. GM's Spring Hill Assembly plant in Tennessee on Monday became the most recent major facility to vote against the contract, with 67.5% of UAW members rejecting it. Reasons behind the disapproval vary, according to industry experts and UAW members who spoke with CNBC. GM has had 52% of workers voting so far in support of ratification. He said these benefits remain a target for future bargaining when the tentative deals, if ratified, expire on April 30, 2028.
Persons: Jim Vondruska, they've, Stellantis, They're, There's, Shawn Fain, Brian Keller, Ford, Fain, we'd, Keller, Ray Curry, Timothy Orner, it's, Orner, China Jones, Wheaton Organizations: UAW, Getty, DETROIT, United Auto Workers, Detroit, Ford Motor, Motors, Workers, Chrysler, Ford, CNBC, GM, U.S, Louisville Assembly Plant, Worker Institute, Cornell University Locations: Chicago , Illinois, Hill, Tennessee, GM's Flint , Michigan, Kentucky, Stellantis, Toledo, China, Louisville
“In the last 24 hours, one UNRWA staff member was killed with her family in the north of the Gaza Strip due to strikes,” the agency said in a statement. “This is the highest number of United Nations aid workers killed in a conflict in the history of the United Nations.”UN offices around the world lowered their flags to half-mast and UN staff held a moment of silence Monday to mourn and honor their colleagues killed in Gaza. “They were teachers, school principals, health workers, including a gynecologist, engineers, support staff and a psychologist,” the statement said. Israel’s current siege and bombardment has created a deepening humanitarian crisis with desperate conditions inside Gaza, including the near total collapse of the healthcare system and the widespread destruction of whole neighborhoods. This is the area of Gaza to which the Israeli military has instructed civilians in the north of Gaza and Gaza City to move.
Persons: , , Antonio Guterres, Volker Türk, Israel, Thomas White, White, Philippe Lazzarini, “ They’re, ” Lazzarini, , Khan Younis, Tim Lister, Niamh Kennedy, Tamar Michaelis, Kareem El Damanhoury Organizations: CNN, United, UN, United Nations Relief, Works Agency for Palestinian Refugees, Hamas, United Nations, Palestinian Ministry of Health, UNRWA, Human Rights, UNRWA Affairs, Protect Journalists Locations: United Nations, Gaza, , New York, Ramallah, Israel, Rafah, Wadi Gaza, Gaza City
South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers. Hyundai said Monday it will raise factory worker pay 25% by 2028, matching the general wage increase won by the UAW during that period. Toyota raised factory pay 9% to 10% starting in January, while Honda said it will increase wages 11% during the same period. Fain said terrified auto executives at nonunion plants are raising wages, and he called Toyota's pay increase the UAW bump. When cost of living wages are factored in, workers will get about 33% raises, with the top assembly line employee making about $42 per hour.
Persons: Honda, Shawn Fain's, Fain Organizations: Hyundai, Honda, Toyota, United Auto Workers, Detroit, UAW, Labor, General Motors, Ford
SINGAPORE, Nov 14 (Reuters) - China's greenhouse emissions could start going into "structural decline" as early as next year as power generation from fossil fuels starts to fall, analysis from the Helsinki-based Centre for Research on Energy and Clean Air (CREA) showed. However, CREA's lead analyst, Lauri Myllyvirta, said emissions could start to go into "structural decline" as early as 2024, despite an estimated rebound of 4.7% year on year in the third quarter of 2023. Factors such as record levels of new renewable installations, a rebound in hydropower generation and a moderate economic recovery that has not relied on infrastructural investment "all but guarantee" a decline in China's CO2 emissions next year, he said. "This would push fossil fuel use - and emissions - into an extended period of structural decline." Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Xie Zhenhua, Lauri Myllyvirta, David Stanway, Gerry Doyle Organizations: Research, Energy, Clean, Carbon, Thomson Locations: SINGAPORE, Helsinki, Dubai
The humanitarian office, known as OCHA, says only one hospital in the north is capable of receiving patients. Israel carries out frequent airstrikes from north to south, hitting what it says are militant targets but often killing women and children. With Israeli forces fighting Palestinian militants in the center of Gaza City, the territory's main city, both sides have seized on the plight of hospitals. Both Hamas and Shifa Hospital staff deny the Israeli allegations. Palestinian militants.
Persons: , Daniel Hagari, Israel, ___ Magdy, Amy Teibel Organizations: Gaza’s, Hamas, Shifa Hospital, Health Ministry, International Committee, ., Health, Associated Press Locations: DEIR, Gaza, Israel, Gaza City, Shifa, Al, Quds, Israeli, The U.S, Palestinian, Cairo, Jerusalem, israel
Orsted's finance and operations chiefs out after big losses
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +3 min
The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and delays in the supply chain struggling to cope with growing demand. Orsted, the world's largest offshore wind developer, on Nov. 1 scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments after delays, partly due to vessel availability, meant costs soared. "Together with the finance team and the group executive team, Rasmus Errboe will lead the work on supporting Orsted's capital structure and long-term commitment to its credit rating," the company said. Board member Andrew Brown, who has executive experience from Shell and Portugal's Galp, was appointed interim COO, Orsted said. The company said contracts it had signed for its U.S. offshore wind projects were secured recently and were therefore more reflective of current costs.
Persons: Tom Little, Rasmus Errboe, Andrew Brown, Daniel Lerup, Richard Hunter, Orsted, Mads Nipper, Nipper, Essi Lehto, Susanna Twidale, Louise Rasmussen, Mark Potter Organizations: REUTERS, Shell, RWE, Thomson Locations: Nysted, Denmark, HELSINKI
LITTLETON, Colorado, Nov 14 (Reuters) - Mainland Europe's two largest economies have reached key power price deals this month that should set the stage for increased power consumption by industry from 2024 onwards. Higher power and industrial output will in turn likely generate higher total emissions, even amid ongoing efforts to deploy more clean energy throughout Europe's power systems. Both power deals aim to reduce costs and boost energy supplies to households and businesses next year, and will likely spur a rise in total power consumption across Europe following a rare contraction in Europe's power use so far in 2023. Power output from fossil fuels also dropped by around 10% through October, while power generation from clean sources rose by 3.6% to result in a 2.4% decline in Europe's total power generation through the first 10 months of the year. Europe's power generation and power sector emissions dip in 2023Europe's power emissions look set to rebound in 2024 if overall power output increases, as more generation from power plants fuelled by natural gas and coal will be needed alongside greater generation from renewable sources to ensure higher stable power supplies to consumers.
Persons: Gavin Maguire, Stephen Coates Organizations: EDF, FOCUS, Eurasia Group, Reuters, Thomson Locations: LITTLETON , Colorado, Germany, Ukraine, Europe, France, Eurasia
UAW President Shawn Fain takes the stage with Dawn Simms, UAW Local 126 Member, during a United Auto Workers (UAW) union members in Belvidere, Illinois, U.S., November 9, 2023. REUTERS/Leah Millis Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - United Auto Workers President Shawn Fain will tell a Senate Committee on Tuesday the union plans to aggressively organize non-union U.S. auto plants after winning new contracts with the Detroit Three automakers. "For decades, non-union auto companies have used fear, uncertainty, and division to break union drives in our industry," Fain will tell the Senate Health, Education, Labor and Pensions Committee, according to written testimony seen by Reuters. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The hearing will also include testimony from Teamsters President Sean O'Brien and Association of Flight Attendants President Sara Nelson.
Persons: Shawn Fain, Dawn Simms, Leah Millis, Fain, Sean O'Brien, Sara Nelson, Nelson's, Joe Biden, unionize Tesla, David Shepardson, Deepa Babington Organizations: UAW, United Auto Workers, REUTERS, Rights, U.S, Detroit Three, Health, Education, Labor, Pensions, Reuters, Hyundai, nonunion, General Motors, Ford Motor, Chrysler, Toyota, Honda, Association of Flight, Illinois, Detroit, Thomson Locations: Belvidere , Illinois, U.S, KS, Korean
Car miniature, "Electric vechicles (EVs)" words, U.S. and Chinese flags are seen in this illustration taken, September 26, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - Democratic Senator Joe Manchin urged the U.S. Treasury on Monday to adopt the "strictest possible standards" to prevent Chinese-produced minerals or Chinese battery companies from winning electric vehicle tax credits. In 2022, Congress passed the Inflation Reduction Act barring $7,500 in future consumer EV tax credits if any battery components are manufactured or assembled by a "foreign entity of concern." The foreign entity of concern rules come into effect in 2024 for completed batteries and 2025 for critical minerals used to produce them. A key decision in the guidance is whether Ford Motor Co's (F.N) deal to license the technology of Chinese battery manufacturer CATL (300750.SZ) for use in Ford-owned U.S. battery plants will meet the Treasury's standards to access the tax credits.
Persons: Dado Ruvic, Joe Manchin, Manchin, Janet Yellen, Ford, David Shepardson, Chris Reese, Jonathan Oatis Organizations: REUTERS, Rights, Democratic, U.S . Treasury, Energy Committee, Treasury, Ford, Thomson Locations: China, Michigan
REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsNov 13 (Reuters) - Tyson Foods (TSN.N) on Monday forecast revenue for its next fiscal year below Wall Street estimates after fourth-quarter sales missed expectations due to falling chicken and pork prices and slowing demand for its beef. Tyson is operating more efficiently, however, and demand for protein remains strong, CEO Donnie King told analysts on a call. Chief Financial Officer John R. Tyson said in an interview on Monday that it is "business as usual" in China. Tyson reported operating margins of 1.8% in its chicken business in the quarter ended Sept. 30, after losses during the previous two quarters. Adjusted profits were 37 cents per share versus analysts' expectations for 29 cents.
Persons: Arnd, Tyson, Donnie King, John R, Arun Sundaram, Granth, Tom Polansek, Shailesh Kuber, Jan Harvey, Chizu Nomiyama, Deepa Babington Organizations: Tyson Foods, REUTERS, Wall, Reuters, CFRA Research, Reuters Graphics Reuters, Thomson Locations: Davos, Switzerland, China, U.S, Bengaluru, Chicago
SAO PAULO, Nov 13 (Reuters) - Brazilian meatpacker Minerva (BEEF3.SA) said on Monday it has been informed by Paraguayan authorities of the approval of a health protocol set to open the U.S. market for Paraguayan beef exports. Minerva, which owns four plants in Paraguay, said in a securities filing only final bureaucratic procedures are now required for the exports to be effectively cleared. "That's an important step for the country's beef producers and could open opportunities in other markets that follow similar sanitary standards," the Brazilian company said. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
Persons: Minerva, Gabriel Araujo, Steven Grattan Organizations: SAO PAULO, BEEF3, Minerva, Thomson Locations: Paraguay
FILE PHOTO: A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo/File Photo Acquire Licensing RightsNov 13 (Reuters) - Production workers at Ford's (F.N) Louisville assembly and Kentucky truck plants have voted against the tentative labor agreement, while skilled trades workers voted in favor, the local chapter of the United Auto Workers (UAW) said on Monday. Union workers are voting on contracts from each of Chrysler-owner Stellantis (STLAM.MI), GM (GM.N) and Ford, after the first coordinated strike against Detroit's Big Three automakers. Of the total votes cast at Ford's various facilities so far, 70.7% of workers have voted in favor of the deal, according to a UAW vote tracker. Workers at some of the company's major plants including the Dearborn Truck plant in Michigan are yet to vote.
Persons: Luke Sharrett, Stellantis, Gokul Pisharody, Dhanya Ann Thoppil, Arun Koyyur Organizations: United Auto Workers, UAW, REUTERS, UAW . Union, Chrysler, GM, Ford, Detroit's Big, Workers, Dearborn, General Motors, U.S ., Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Ford's, F.N, Louisville, Kentucky, Michigan, Flint, Bengaluru
On Nov. 1, the American Ornithological Society announced that it would be renaming all the birds under its purview that are currently named for human beings. This change, which will affect some 150 North American birds, has been a long time coming. Ornithologists and amateur birders alike have long wrestled with the historical nature of bird names bestowed by early collectors. Some of the birds — not all, it’s important to note, but some — were named for people who held views considered repugnant today. John James Audubon, for whom the Audubon’s shearwater is named, was an unrepentant slaveholder who opposed emancipation.
Persons: Colleen Handel, John James Audubon, slaveholder, Winfield Scott Organizations: American Ornithological Society, Ornithologists
ULSAN, South Korea, Nov 13 (Reuters) - Hyundai Motor Co (005380.KS) on Monday broke ground on a 2 trillion won ($1.52 billion) dedicated electric vehicle (EV) plant in South Korea, as the automaker accelerate a shift to electrification. Hyundai Motor Group, which encompasses Hyundai Motor, Kia and Genesis brands, said in April it plans to launch 31 EVs by 2030. Hyundai Motor Group's Executive Chair Euisun Chung, Hyundai Motor's Chief Executive Officer and other officials, including the Ulsan Metropolitan City Mayor, attended the event to witness the ground breaking of the EV factory, the automaker's first new plant in South Korea in 29 years. The groundbreaking comes after Hyundai Motor said it would stick to its EV rollout plans - a contrast to some rivals that have pulled back on EV production due to cooling demand. Last year, Hyundai Motor Group broke ground on a $5.54 billion EV and battery plants in the U.S. state of Georgia.
Persons: Euisun Chung, Jaehoon Chang, Chang, 1,316.5100, Heekyong Yang, Ed Davies Organizations: Hyundai, Hyundai Motor, Kia Corp, Hyundai Motor Group, Kia, Genesis, Hyundai Motor's, Ulsan Metropolitan City Mayor, EV, General Motors Co, Chevrolet Silverado, GMC, Ford Motor, Tesla Inc, GM, Honda, Thomson Locations: ULSAN, South Korea, Ulsan, U.S ., Georgia, United States, Michigan, Mexico
By law, the agency isn’t supposed to consider the impact on polluting industries. In practice, it does — and those industries are warning of dire economic consequences. Under the Clean Air Act, every five years the E.P.A. Fine particulate matter is extremely dangerous when it percolates into human lungs, and the law has driven a vast decline in concentrations in areas like Los Angeles and the Ohio Valley. But technically there is no safe level of particulate matter, and ever-spreading wildfire smoke driven by a changing climate and decades of forest mismanagement has reversed recent progress.
Persons: Biden, Trump, Jeffrey D Organizations: Environmental Protection Agency, Act, White House Locations: Los Angeles, Ohio
Israeli military vehicles manoeuvre during the ongoing ground operation of the Israeli army against Hamas in the Gaza Strip, as seen in an image released on November 13. The agency chief, Commissioner-General Philippe Lazzarini, told donors on Monday that it had been slowly emptying a fuel depot on the Israeli border containing strategic reserves. A request to the Israeli military to replenish it had gone unanswered, he said. Israel's military has so far refused imports of fuel into Gaza, saying they could be diverted to Hamas for military purposes. "So the situation is very dire now and it's about to get much worse," Lazzarini told donors.
Persons: Philippe Lazzarini, Lazzarini, Emma Farge, Mark Heinrich Our Organizations: Hamas, Israel Defense Forces, REUTERS Acquire, Rights, UNRWA, Thomson Locations: Gaza, Gazans, Israel, al
In this crowded field, Vancouver-based Filament Health has a unique approach: extracting drugs like psilocybin and mescaline from natural sources, including mushrooms and cacti, rather than synthesizing the ingredients in a laboratory. Filament CEO Benjamin Lightburn spoke with The Associated Press about the ethical, therapeutic and medical case for using naturally derived psychedelics. Q: What do you mean by “natural psychedelics” and how are they produced? A: The iboga plant, which contains the psychedelic ibogaine, is probably the best example of that at Filament. There is a ton of interest from different researchers all around the world to use our psychedelic drugs.
Persons: Benjamin Lightburn, It’s Organizations: Associated Press, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Vancouver, West Africa, Gabon
South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers. Toyota raised factory pay 9% to 10% starting in January, while Honda said it will increase wages 11% during the same period. Fain said terrified auto executives at nonunion plants are raising wages, and he called Toyota's pay increase the UAW bump. By early next year the company said it will have increased factory worker pay 14% in the past year. With its increases, Toyota’s top factory worker pay will go to $34.80 per hour in January.
Persons: Honda, Shawn Fain's, Fain, ’ ”, Harry Katz, it’s, “ There’s, ” Katz, “ They’ve, , Katz, ” Jose Munoz, Toyota’s, haven’t Organizations: Hyundai, Honda, Toyota, United Auto Workers, Detroit, UAW, Labor, “ UAW, General Motors, Ford, Cornell University Locations: Montgomery , Alabama, Savannah , Georgia
"Right now, some of our favorite secular themes are the mega trends benefitting from a wave of federal spending — and the energy transition is one of those themes," he explained. CAT YTD mountain Caterpillar (CAT) year-to-date performance Elsewhere, Caterpillar has said the "energy transition and growing global energy demand are increasing [it's] total addressable market and furthering opportunities for long-term profitable growth." In terms of the energy transition, the company's aerospace business could see a boost from its development of sustainable aviation fuels. CEO Vimal Kapur last month said the industrials giant is "beginning to feel the urgency behind [the] energy transition." "Honeywell is in a unique position to both help the world meet today's growing energy needs, while also enabling the energy transition," Kapur said.
Persons: we're, Jeff Marks, Linde, Wall, I'm, Jim Cramer, Vimal Kapur, Kapur, Jim Cramer's, Jim, Krisztian Bocsi Organizations: Linde, LIN, Honeywell, Caterpillar, Investing, ExxonMobil, Exxon, BMO Capital Markets, Bank of America, CAT, CNBC, Linde AG, Treatment, Berlin, Bloomberg, Getty Locations: U.S, Berlin, Germany
FILE PHOTO: A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. REUTERS/Luke Sharrett/File Photo/File Photo Acquire Licensing RightsNov 13 (Reuters) - The United Auto Workers (UAW) production workers at Ford's (F.N) Louisville assembly and Kentucky truck plants have voted against a proposed four-and-a-half year contract, while the skilled trades workers voted in favor of the deal, the union's local unit said on Facebook. The UAW Local 862 union said that 55% of the production workers voted against ratifying the contract. However, 69% of the skilled trades workers cast votes in favor of the contract. The union did not disclose the overall percentage of the votes in favor of the deal, or the total number of votes cast.
Persons: Luke Sharrett, Ford, Stellantis, Gokul, Dhanya Ann Thoppil Organizations: United Auto Workers, UAW, REUTERS, Facebook, UAW Local, Chrysler, GM, Ford, Detroit's Big, General Motors, U.S ., Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, Ford's, F.N, Louisville, Kentucky, Flint, Michigan, Bengaluru
Steam feeding into the Unit 3 turbine generator of the Vogtle nuclear power plant in Waynesboro, Ga. “The United States is now committed to trying to accelerate the deployment of nuclear energy,” John Kerry, President Biden’s climate envoy, said in September. One recent Pew survey found that 57 percent of Americans favor more nuclear plants, up from 43 percent in 2016. A NuScale engineer gave a tour of a control room simulator, modeling the company’s plans for new nuclear reactors, in 2013. “The demand for clean energy is almost unprecedented,” said Maria Korsnick, president of the Nuclear Energy Institute, an industry group.
Persons: Biden, ” John Kerry, Biden’s, , , Jacopo Buongiorno, Jimmy Carter, Rosalyn Carter, Bruce Springsteen, Dan Reicher, Gavin Newsom, Reicher, Clinton, Jeffrey Collins, Arnie Gundersen, John Williams, “ It’s, Patty Durand, Julie Kozeracki, Kendrick Brinson, Jay Wileman, Bill Gates, Dow, Roger Blomquist, NuScale Power, Jose Reyes, Adam Stein, it’s, they’re, Ahmed Abdulla, Robert Taylor, Leah Nash, NuScale, David Schlissel, Joshua Freed, didn’t, Maria Korsnick Organizations: Unit, Republicans, Nuclear Regulatory Commission, Massachusetts Institute of Technology, Associated Press, Madison, Natural Resources Defense, California Gov, Democrat, Associated, Fairewinds Associates, Components, Workers, Georgia, Southern Company, Georgia Power, Georgia Public Service Commission, Energy Department, The New York Times, GE, Hitachi Nuclear Energy, Vogtle . Ontario, Tennessee Valley Authority, Argonne, National Laboratory, Energy, Nuclear Regulatory, NuScale, , Breakthrough Institute, Carleton University, Soaring, Institute for Energy Economics, United, Nuclear Energy Institute Locations: U.S, Waynesboro, Ga, Savannah, Georgia, United States, , Pennsylvania, Texas, Virginia, Jenkinsville, Vogtle, South Carolina, South, Canada, Tennessee, Argonne, Chicago, Idaho, Wyoming, California, Alaska, Maryland, Pueblo County, Colo
Construction on a cluster of 36 3D-printed student homes is set to begin in 2024 in Denmark. In 2024, 3DCP Group and design firm SAGA Space Architects say they will build a non-profit student housing community with help from a 3D printer. SAGA Space Architects, 3DCP GroupThe construction lot, presently an unused patch of old trees, is located near VIA University College's Holstebro campus. AdvertisementAdvertisementSAGA Space Architects, 3DCP GroupMost mass-market construction 3D printers only extrude concrete. SAGA Space Architects, 3DCP GroupThe project's developer, housing non-profit NordvestBo, will select future tenants from a pool of applications "assuming there will be a 'first come, first served' aspect," Sebastian Aristotelis, cofounder of SAGA Space Architects, told Insider in an email.
Persons: , Sebastian Aristotelis, Aristotelis, Philip Lund Organizations: Service, 3DCP, VIA University College's, SAGA, Architects, Nielsen Locations: Denmark, Holstebro
But it's very difficult to change a species' scientific name, and that can lead to regrets. The list of species named for celebrities is lengthy and includes everything from flies (Beyoncé) to lichen (Oprah Winfrey) to lizards (Lionel Messi). An eponym is a scientific species name based on a person, either real or fictional. AdvertisementAdvertisementUniversity of Oxford biologist Katie Blake and her co-authors found that species with celebrity names had almost three times as many page views on Wikipedia as non-famously monikered control species. AdvertisementAdvertisementSome examples include Adolf Hitler, Cecil Rhodes, and George Hibbert, all of whom have species named after them.
Persons: , Taylor Swift, Leonardo DiCaprio, David Attenborough, Oprah Winfrey, Lionel Messi, Jimmy, Sericomyrmex radioheadi, Tarantobelus, roundworm, Jeff Daniels, Taylor Swift's millipede, Katie Blake, cuvier, Georges Cuvier, Andre Seale, Blake, Hitler, Christopher Bae, Adolf Hitler, Cecil Rhodes, George Hibbert, Sergio Pitamitz, Bae, Cecil John Rhodes, There's, heidelbergensis, CESAR MANSO, Rhodes, bodoensis, Bodo D'ar, Jimmy Buffett’s “, Hal Horowitz, Hibbert, George Rinhart, Stephen B, Heard, Charles Darwin's Barnacle, David Bowie's Spider Organizations: Service, Virginia Tech, University of Oxford, VW, Getty, University of Hawai'i, American Ornithological Society, NPR Locations: Mano, Slovenia, Africa, Rhodesia, Zimbabwe, Zambia, Right, Spain, AFP, Ethiopia
Lending data from China's central bank offers a glimpse of government priorities: as of the end of September, outstanding loans to the troubled property sector fell 0.2% year-on-year but lending to the manufacturing sector jumped 38.2%. This time, the government's focus is narrower, targeting high-tech and "advanced manufacturing", a goal laid out in 2021 in the 14th five-year plan. It grew 11.3% in the first nine months of 2023 year-on-year, compared with 6.3% for overall manufacturing investment, according to data from China's National Bureau of Statistics. For example, Guangdong province has increased lending to both high-tech and advanced manufacturing by about 45%, state media reported. During the first half of 2023, outstanding loans to the high-tech manufacturing sector in the eastern province of Shandong jumped 67%.
Persons: Jens Eskelund, Eskelund, Xi Jinping, Joe Biden, Frederic Neumann, Neumann, Tao Wang, Wang, Fu, Lu Zhengwei, Siyi Liu, Kripa Jayaram, Robert Birsel Organizations: Rights, European Chamber of Commerce, Asia Pacific Economic Cooperation, U.S, Reuters Graphics, overcapacity, HSBC, UBS, China's National Bureau of Statistics, Rystad Energy, EV, China Passenger Car Association, Bank, Industrial Bank, Thomson Locations: Suqian, Jiangsu province, China, CHINA, Rights BEIJING, Europe, Beijing, San Francisco, Xi, Asia, Guangdong province, Shandong, Dongguan, Shanghai
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