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☆ Tesla sues Sweden over blocked license plates, business daily DI reports
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

The logo of a Tesla electric vehicle is placed on a car seen outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowCOPENHAGEN, Nov 27 (Reuters) - Tesla (TSLA.O) has filed a lawsuit against the Swedish government's Transport Agency over a workers' strike that has blocked the U.S. auto maker's requests for license plates for new vehicles, business daily Dagens Industri reported on Monday. IF Metall, Sweden's biggest manufacturing union, is locked in a fight with Tesla to get a collective bargaining agreement for its mechanics in Sweden. Members of other unions, including postal workers, dockworkers and cleaners have since joined in a sympathy action, resulting in Tesla not getting license plates distributed, among other things. The Swedish Transport Agency was not immediately available for comment.

Persons: Yves Herman, Tesla, Metall, Louise Breusch Rasmussen, Marie Mannes, Terje Solsvik Organizations: REUTERS, Swedish government's Transport Agency, Dagens, IF Metall, Swedish Transport Agency, Thomson Locations: Drogenbos, Belgium, Swedish, Sweden

[1/2] U.S. Secretary of State Antony Blinken disembarks from his airplane upon arrival at Brussels Airport in Brussels, Belgium, on November 27, 2023, as he travels to a NATO foreign ministers' meeting. "We've always said that this is a matter for Ukraine to decide," O'Brien said. At a press conference in Brussels on Monday, NATO Secretary General Jens Stoltenberg said he expected alliance foreign ministers to "reaffirm NATO’s long-term support" for Ukraine. Turkey has informed NATO that its parliament will not complete ratification of the bid ahead of the meetings, sources told Reuters last week. Blinken will also represent the United States at a meeting of the Organization for Security and Co-operation in Europe in Skopje, North Macedonia, this week, O'Brien said.

Persons: Antony Blinken disembarks, SAUL LOEB, Antony Blinken, James O'Brien, Blinken, we've, O'Brien, Biden, We've, Jens Stoltenberg, O, Brien, Stoltenberg, Simon Lewis, Daphne Psaledakis, Andrew Gray, Lisa Shumaker, Chizu Nomiyama, Deepa Babington Organizations: Brussels, NATO, REUTERS Acquire, Rights, Ukraine, State Department, Biden, State, Eurasian, U.S . Congress, Germany's, Reuters, Washington, Organization for Security, Thomson Locations: Brussels, Belgium, Russia, Europe, Gaza, Israel, Washington, Ukraine, United States, Taiwan, Germany, Kyiv, Moscow, Belgian, Turkey, Hungary, U.S, Western Balkans, Kosovo, Skopje, North Macedonia

☆ Asian shares dragged lower by China, Treasury yields climb
▼ + stars: | 2023-11-24 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

Both S&P 500 futures and Nasdaq futures were also little changed. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.6% but are still headed for a weekly gain of 0.8%. Chinese bluechips (.CSI300) fell 0.7% while Hong Kong's Hang Seng index (.HSI) tumbled 1.4%, reversing the previous day's hefty gains. Cash Treasuries fell a little as they resumed trading in Asia, with two-year Treasury yields up 3 basis points to 4.9419% and benchmark ten-year yields up 4 bps to 4.4606%. Brent crude futures fell 0.2% to $81.26 a barrel.

Persons: Kim Kyung, Shane Oliver, Cash Treasuries, Stella Qiu, Sam Holmes, Robert Birsel Organizations: Tokyo Stock Exchange, REUTERS, Rights, Wall, Nasdaq, Hamas, Nikkei, AMP, European Central Bank, Bank of England, Brent, Thomson Locations: Tokyo, Japan, China, Europe, Israel, Gaza, Asia, Pacific, Hong Kong, Beijing

☆ Asian shares dragged lower by China, dollar on back foot
▼ + stars: | 2023-11-24 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsSYDNEY, Nov 24 (Reuters) - Asian shares were dragged lower by China on Friday amid little guidance from Wall Street which was closed for a holiday, while the dollar remained on the back foot as investors bet U.S. rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.4% but are headed for a weekly gain of 0.9%. Japan's markets (.N225) returned from a holiday, with Nikkei (.225) climbing 1.0% to charge towards a 33-year high hit on Monday. In Europe, slightly better than expected euro zone PMIs nudged the euro and shares higher and Sweden's crown dropped as its central bank left rates on hold. In the currency markets, the dollar < =USD> was on the back foot against its peers at 103.71, nearing a three month low of 103.17.

Persons: Kim Kyung, Shane Oliver, Cash Treasuries, Stella Qiu, Sam Holmes Organizations: Tokyo Stock Exchange, REUTERS, Rights, Nikkei, AMP, European Central Bank, Bank of England, Brent, West Texas, Thomson Locations: Tokyo, Japan, China, Asia, Pacific, Hong Kong, Beijing, Europe

☆ Swedish union blocks Tesla components as dispute intensifies
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

Around 50 workers that make specialized Tesla components at Hydro Extrusions, a subsidiary of Norwegian aluminium and energy company Hydro, will either stay at home or be given other tasks from Friday until further notice, the IF Metall union said. IF Metall, Sweden's biggest manufacturing union, is locked in a fight with Tesla to get a collective bargaining agreement for its 130 mechanics in Sweden. The U.S. carmaker has a policy to not sign collective bargaining agreements and says its employees have as good or better terms than what the Swedish union is demanding. The union says it is vital to the Swedish labour market model that all companies have collective agreements. Around 90% of all employees in Sweden are covered by collective bargaining agreements, which regulates wages, vacation, overtime pay and other conditions.

Persons: Veli, Pekka Saikkala, Tesla, Metall, Saikkala, carmaker, Torbjorn Johansson, Elon, Johansson, Johan Ahlander, Marie, Victoria Waldersee, Susan Fenton Organizations: Tesla, Hydro Extrusions, Hydro, IF Metall, Metall, LO, Marie Mannes, Thomson Locations: Berlin, Europe, Sweden, U.S, Stockholm, Victoria

☆ European countries tighten borders
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +5 min

These countries have reinstated stricter checks:* Austria introduced checks at its border with the Czech Republic in October, set to last until Dec. 6. * Denmark in August tightened border control for arrivals, including those from Schengen countries, at Copenhagen airport to boost security after incidents of Koran burnings. * Germany announced controls in September on its land borders with Poland, the Czech Republic and Switzerland, set to stay in place until Dec. 4. * Sweden strengthened checks in August on its borders, giving border police more power including body searches and increased use of electronic surveillance. * France as of November reintroduced controls on its borders with Schengen members, citing what it called terrorism threats.

Persons: Fabrizio Bensch, Berlin, Matteo Piantedosi, Gerald Darmanin, Olivier Sorgho, Stéphanie, Milla Nissi, Frances Kerry Organizations: REUTERS, European, Austria, EU, Kremlin, Thomson Locations: Forst, Germany, Austria, Czech Republic, Slovenia, Hungary, Ukraine, Denmark, Copenhagen, Poland, Switzerland, Berlin, East, Italy, Norway, Slovakia, Sweden, France, Belgian, Brussels, Africa, Croatia, Finland, Russia, Helsinki, Moscow, Gdansk

☆ Factbox-European Countries Tighten Borders
▼ + stars: | 2023-11-24 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +5 min

Persons: Berlin, Matteo Piantedosi, Gerald Darmanin, Olivier Sorgho, Stéphanie, Milla Nissi, Frances Kerry Organizations: Reuters, European, Austria, EU, Kremlin Locations: Austria, Czech Republic, Slovenia, Hungary, Ukraine, Denmark, Copenhagen, Germany, Poland, Switzerland, Berlin, East, Italy, Norway, Slovakia, Sweden, France, Belgian, Brussels, Africa, Croatia, Finland, Russia, Helsinki, Moscow, Gdansk

☆ Stocks maintain November reign, oil hit by OPEC doubts
▼ + stars: | 2023-11-23 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. Wall Street's benchmark S&P 500 (.SPX) is nearing a fresh high for 2023, with the S&P 500 and MSCI's all-country world index (.MIWD00000PUS) both up more than 8% this month alone. For MSCI world that is the best showing since November 2020 when markets got a major shot in the arm from COVID vaccine hopes. Germany's 10-year bund , the benchmark for the Europe, was fractionally higher on the day at 2.57% having touched 3% last month. Bitcoin fell by 0.77% on Thursday to $37,337 after it rose nearly 5% on Wednesday.

Persons: Tyrone Siu, Geert Wilders, Robert Alster, Viktor Orban, Wilders, Mark Rutte, Sterling, Jeremy Hunt, Changpeng Zhao, Marc Jones, Christina Fincher Organizations: REUTERS, PMI, ECB, Oil, Traders, Asset Management, European Union, Freedom Party, Labour, Green, People's Party for Freedom and Democracy, European, HK, Reuters, Treasury, UK Finance, OPEC, Thomson Locations: Exchange, Hong Kong, China, Europe, U.S, EU, Germany, Holland, Ukraine, Turkey, Asia, Pacific, Japan, Brent, Bitcoin

☆ Morning Bid: Watching what the ECB giveth
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Vidya Ranganathan. The forward-looking flash November PMIs due out globally should help investors assess recession risks and how quickly rate cuts will begin. Interest rate futures show the market is pricing in rate cuts by April and more aggressively so in June . Later on Thursday, Sweden's central bank will announce its latest policy decision in what is expected to be a very close call on whether to hike again. A Reuters poll showed 10 of 19 economists looked for a rise, while market pricing is leaning against a move.

Persons: Vidya Ranganathan, haven't, Mario Centeno, Joachim Nagel's, Christine Lagarde's, Jeremy Hunt's, Van Haaren, ECB's Isabel Schnabel, Robert Holzmann, Francois Villeroy de, Edmund Klamann Organizations: Vidya, European Central, PMI, ECB, Reuters, Ubezpieczen SA, Virgin Money, Bank of France, Thomson Locations: Japan, United States, Britain, U.S, Sweden's

☆ Stocks maintain November reign, oil nagged by OPEC doubts
▼ + stars: | 2023-11-23 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 22, 2023. Traders were getting their moves in despite the annual U.S. Thanksgiving holiday scything volumes but there was plenty to keep them busy while they did it. Wall Street's benchmark S&P 500 (.SPX) is nearing a fresh high for 2023 and both it and MSCI's all-country world index (.MIWD00000PUS) are both up more than 8% this month alone. For the MSCI world index, that is the best showing since November 2020 when COVID-19 vaccine hopes were driving markets wild. Reporting by Marc Jones; Editing by Christina Fincher and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Geert Wilders, Robert Alster, Viktor Orban, Wilders, Mark Rutte, Tayyip Erdogan, Sterling, Jeremy Hunt, Changpeng Zhao, Marc Jones, Christina Fincher, Jonathan Oatis Organizations: REUTERS, Staff, PMI, ECB, Oil, OPEC, Traders, Asset Management, Freedom Party, Labour, Green, People's Party for Freedom and Democracy, European, U.S, HK, Reuters, Europe, Thomson Locations: Frankfurt, Germany, Europe, U.S, European, France, Holland, Ukraine, Asia, Pacific, Japan, COVID, Brent, Bitcoin

Vacuum maker Dyson has in recent years tied up with eBay UK to sell officially refurbished products at a hefty discount to the price of new ones. Some 23% of consumers globally say they are buying more second-hand products, according to the EY Future Consumer Index, a survey of 22,000 consumers published earlier this month. "I found a waistcoat for my dad in a charity shop in Peckham the other day – I saw it and I thought I have to get it, he's going to love it," Baker said as she browsed in a Crisis charity shop in Camberwell, south-east London. In the fourth quarter of last year, sales in UK charity shops grew by 8.6% compared the previous year, according to the Charity Retail Association. Lesley Wright, a volunteer at an Oxfam shop in Brighton, England, is gearing up for her "busiest-ever" holiday season.

Persons: Eve Williams, Dyson, Lorna Fallon, Lucy Baker, Baker, Lesley Wright, Wright, Richa Naidu, Helen Reid, Matt Scuffham, Elaine Hardcastle Organizations: eBay Inc, Oxfam, Apple, eBay, Dyson, Regent, Sustainability, Charity Retail Association, Reuters, Thomson Locations: British, London, Peckham, Camberwell, Brighton , England

Defence Minister Yasar Guler said last week that Turkey was in talks with Britain and Spain to buy Eurofighter Typhoon jets, though Germany objected to the idea. Guler was holding talks on the issue with his British counterpart Grant Shapps in Ankara on Thursday, the source said. Turkey wants to buy the most advanced, newly built version of the Eurofighter, he added. NATO member Turkey requested in October 2021 to buy 40 Lockheed Martin Corp (LMT.N) F-16 fighters and 79 modernisation kits for its existing warplanes. The Eurofighter Typhoon jets are built by a consortium of Germany, Britain, Italy and Spain, represented by Airbus (AIR.PA), BAE Systems (BAES.L) and Leonardo (LDOF.MI).

Persons: Yasar Guler, Guler, Grant Shapps, Joe Biden's, Leonardo, Tayfun Ozberk, Serhat, Huseyin Hayatsever, Jonathan Spicer, William Maclean Organizations: Eurofighter, . Defence, Eurofighter Typhoon, British, NATO, Turkey, Lockheed Martin Corp, U.S . Congress, Airbus, BAE Systems, Biden Administration, Eurofighter Typhoons, Kadir Has University, Turkish Air Force, Thomson Locations: ANKARA, Turkey, United States, Turkish, Britain, Spain, Germany, Ankara, Italy

☆ Morning Bid: Nvidia shares take bumpy ride after hours
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing RightsA look at the day ahead in European and global markets from Wayne Cole. The early focus was on Nvidia (NVDA.O), which in AI tech terms is the only company selling shovels during a gold rush. Volumes were so large and orders so backlogged that the price was - unusually - still moving erratically hours into the Asian day. A Reuters poll showed 10 of 19 economists looked for a rise, while market pricing is leaning against a move.

Persons: Wayne Cole, Changpeng Zhao, Zhao, didn't, Hunt, ECB's Centeno, Elderson, Mester, Macklem, Edmund Klamann Organizations: NVIDIA, Handout, REUTERS, Nvidia, Treasury, Fed Bank of Cleveland, Bank of Canada, Thomson Locations: Santa Clara , California, Wayne, China, Sweden's

☆ Turkey Tells NATO That Sweden Won't Join by Next Week's Meeting -Sources
▼ + stars: | 2023-11-22 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Last week, the Turkish parliament's foreign affairs commission delayed a vote on Sweden's NATO membership bid in order to hold further talks on the subject. The Turkish Foreign Ministry was not immediately available for comment. Both Sweden and Finland had requested to join NATO in May last year following Russia's invasion of Ukraine. For ratification, the bill needs to be approved by the Turkish foreign affairs commission before being put to a full parliament vote, which could come days or weeks later. While NATO member Hungary also has not ratified Sweden's membership, Turkey is seen as the main roadblock to Sweden's accession.

Persons: Jonathan Spicer, Sabine Siebold, Tayyip Erdogan, Finland's, Erdogan, Ezgi Erkoyun, Leslie Adler Organizations: NATO, Turkish Foreign Ministry, Nordic, Kurdistan Workers, European Union Locations: Sabine Siebold ANKARA, BRUSSELS, Turkey, Turkish, Brussels, Sweden, Finland, Ukraine, embargoes, United States, Stockholm, Hungary

Last week, the Turkish parliament's foreign affairs commission delayed a vote on Sweden's NATO membership bid in order to hold further talks on the subject. NATO foreign ministers will meet in Brussels on those days, Nov. 28-29, a gathering that some in the Western defence bloc had hoped would mark Sweden's accession. The Turkish Foreign Ministry was not immediately available for comment. Both Sweden and Finland had requested to join NATO in May last year following Russia's invasion of Ukraine. While NATO member Hungary also has not ratified Sweden's membership, Turkey is seen as the main roadblock to Sweden's accession.

Persons: Tayyip Erdogan, Olaf Scholz, Liesa, Finland's, Erdogan, Ezgi Erkoyun, Leslie Adler Organizations: REUTERS, Rights, NATO, Turkish Foreign Ministry, Nordic, Kurdistan Workers, European Union, Thomson Locations: Berlin, Germany, Rights ANKARA, BRUSSELS, Turkey, Turkish, Brussels, Sweden, Finland, Ukraine, embargoes, United States, Stockholm, Hungary

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Closely watched U.S. treasury yields slipped after auction, while global oil futures gained $2 on the prospect of supply cuts. Europe's benchmark STOXX index (.STOXX) inched up 0.1%, with energy stocks (.SXEP) leading gains. The healthcare sector (.SXDP) fell after shares in Bayer (BAYGn.DE) dropped to their lowest in 14 years. The dollar index fell to 103.26, its weakest since the start of September, as investors appeared to solidify bets that the Fed could start cutting interest rates next year.

Persons: Brendan McDermid, Dow Jones, Quincy Krosby, Krosby, Ricardo Evangelista, Goldman Sachs, Moody's, Brent, Chris Prentice, Wayne Cole, Lawrence White, Lincoln, Susan Fenton, Will Dunham, Sharon Singleton, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, U.S, Bayer, Nasdaq, Microsoft, Nikkei, Trading, LPL, Tech, European Central Bank, NAB, Thomson Locations: New York City, U.S, SYDNEY, Thursday's U.S, United States, Europe, Italy, New York, Sydney, London

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. The MSCI World Equity Index (.MIWD00000PUS) gained 0.38% by 10:37 a.m. EST (1537 GMT) and Europe's benchmark STOXX index (.STOXX) rose 0.08%. The tech-heavy index (.IXIC) gained 0.44% to 14,187.16, as the Dow Jones (.DJI) rose 0.25% to 35,035.33 and the S&P 500 index (.SPX) gained 0.27% to 4,526.14. The dollar index fell to 103.46, its weakest level since the start of September, as investors appeared to solidify bets that the Fed could start cutting rates next year. "Dovish minutes could trigger some downside risk for the dollar," Ricardo Evangelista, senior analyst at ActivTrades, said.

Persons: Brendan McDermid, Dow Jones, Israel, Ricardo Evangelista, Goldman Sachs, Moody's, Brent, Chris Prentice, Wayne Cole, Lawrence White, Lincoln, Susan Fenton, Sharon Singleton, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, Global, U.S, Nasdaq, Microsoft, Nikkei, Hamas, Tech, Treasury, European Central Bank, NAB, Thomson Locations: New York City, U.S, SYDNEY, United States, Gaza, Europe, Italy, New York, Sydney, London

☆ Japan shares hit three-decade high, yuan shoves dollar down
▼ + stars: | 2023-11-20 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. Financial shares led the gains on Monday as investors prepare for an eventual end to negative rates, while auto makers have been benefiting from a weak yen and high exports. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) gained 0.8%, having climbed 2.8% last week to a two-month high. Chinese blue chips (.CSI300) dipped 0.2% as the country's central bank held rates steady as widely expected, but set a firm fix for the yuan that saw the dollar slip under 7.2000 to a three-month low. Sweden's central bank meets this week and may hike again, given high inflation and the weakness of its currency.

Persons: Issei Kato, Goldman Sachs, Brent, Wayne Cole, Lincoln Organizations: REUTERS, Nikkei, Nvidia, Japan's Nikkei, Financial, Hamas, Nasdaq, Tech, Futures, U.S, Bank of Japan, European Central Bank, NAB, ECB, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Pacific, Israel, United States, Gaza, October's

☆ Japan shares hit three-decade high, yuan climbs
▼ + stars: | 2023-11-20 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. Financial shares led the gains on Monday as investors prepare for an eventual end to negative rates, while auto makers have been benefiting from a weak yen and high exports. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.1%, having climbed 2.8% last week to a two-month high. That outlook helped bonds rally, with 10-year Treasury yields at 4.45% having dropped 19 basis points last week and away from October's 5.02% high. Sweden's central bank meets this week and may hike again, given high inflation and the weakness of its currency.

☆ Asia off to slow start, lot of easing already priced in
▼ + stars: | 2023-11-20 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.1%, having climbed 2.8% last week to a two-month high. Japan's Nikkei (.N225) was little changed, and is up almost 9% for the month so far amid upbeat corporate earnings. A LOT PRICED INMarkets have all but priced out the risk of a further hike in December or next year, and imply a 30% chance of an easing starting in March. Futures also imply around 100 basis points of cuts for 2024, up from 77 basis points before the benign October inflation report shook markets. "If another soft print eventuates, expect pricing for ECB cuts to extend beyond the current 100bps of cuts being priced for 2024."

Persons: Issei Kato, Goldman Sachs, Brent nudged, Wayne Cole, Lincoln Organizations: REUTERS, Nikkei, Nvidia, Hamas, Japan's Nikkei, Nasdaq, Tech, Futures, U.S, European Central Bank, NAB, ECB, Thomson Locations: Tokyo, Japan, SYDNEY, Israel, United States, Gaza, Asia, Pacific, October's

☆ A top Democrat's indictment could be a game-changer for 2 troublesome allies seeking US fighter jets
▼ + stars: | 2023-11-19 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Menendez's removal could be a game-changer for two countries who have long sought US fighter jets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . His removal could be a game-changer for Egypt and Turkey — two important but vexing US allies — when it comes to buying modern US-made fighter jets to upgrade their air forces. Turkey's F-16 prospectsA Turkish F-16 during a NATO Air Policing mission out of Poland in August 2021. It has ordered 54 French-made Rafale multirole jets in a bid to, at least partially, diversify its overwhelmingly American-made fighter arsenal.

Persons: Sen, Bob Menendez, Menendez, —, Bob Menendez's, Turkey's, Cuneyt, Getty Images Menendez, Recep Tayyip Erdogan, Erdogan, Ben Cardin, Getty Images Cardin, Cardin, Ryan Bohl, RANE, Bohl, Frank McKenzie, Derek Seifert Cairo, Su, Paul Iddon Organizations: Foreign, Service, New, New Jersey Democrat, Senate Foreign Relations, NATO Air Policing, Anadolu Agency, Getty Images, Turkish, NATO, Turkish Air Force, East, Business, US Air Force KC, 135R, US Air Force, Getty, US Central Command, State Department, Air Force Locations: New Jersey, Egypt, Turkey, Turkish, Poland, NATO, coziness, Russia, Malbork, North Africa, Israel, Cairo, China, Dubai, United States, France

☆ Union pressure on Tesla grows in Sweden as dockworkers expand strike
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Dockworkers joined the strike by mechanics on Nov. 7, blocking Sweden's four largest ports to Tesla cars. So far, unions in the United States and Germany have failed to force the company to accept collective bargaining agreements. In addition to dockworkers, unionised cleaners are refusing to clean Tesla buildings and postal workers have stopped delivering mail. In the 1990s, American toy company Toys "R" Us signed a collective bargaining agreement with its 130 Swedish employees after a three month strike.

Persons: Johan Nilsson, Tesla, Elon Musk, Dockworkers, Musk, Torbjorn Johansson, Norway's Fellesforbundet, Marie Mannes, Louise Rasmussen, Johan Ahlander, Johannes Birkebaek, Simon Johnson, Mark Potter Organizations: TT, Agency, Rights, U.S, Swedish, IF Metall, Hydro Extrusions, Hydro, Thomson Locations: Malacca, Malmo, Sweden, Rights STOCKHOLM, Dockworkers, United States, Germany, American

☆ Tesla's problems in Sweden are getting worse as dockworkers refuse to unload its EVs from ships
▼ + stars: | 2023-11-17 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The mechanics' trade union is ramping up efforts after talks stalled again this week. AdvertisementThe labor dispute over Tesla's refusal to sign a collective wage agreement in Sweden has escalated into a dramatic labor battle. Unions representing multiple industries announced this week that they would join the strike in solidarity with IF Metall, the Tesla mechanics' trade union. The cleaners were joining the labor action "simply because the [IF] Metall Workers Trade Union asked us to," ombudsman Torbjörn Jonsson told Wired. In Germany, the largest labor union secured a 4% pay rise for 11,000 staff at Teslas Berlin Gigafactory.

Persons: Tesla, —, it's, who've, JOHAN NILSSON, Getty, Torbjörn Jonsson, IG Metall Organizations: Service, IF Metall, Metall, Workers, Union, Tesla, Wired, Metall Workers Trade Union, Teslas Berlin Locations: Sweden, Swedish, Malmo, Germany, Grünheide

Tayyip Erdogan's first visit to Germany since 2020 comes ahead of municipal elections at which he hopes to win back the cities of Ankara and Istanbul. Erdogan will also need Chancellor Olaf Scholz's blessing if he is to buy the 40 Eurofighter Typhoon warplanes Turkey said on Thursday it wanted. In a sign of the visit's importance, Scholz took pains not to respond directly to Erdogan's loud condemnation of Israel's war against Hamas, in which many thousands of Palestinians have been killed. The response was decidedly mild given the fierce condemnation that far more muted criticisms of Israel typically draw in Germany, traditionally one of Israel's closest allies. Germany has expressed strong solidarity with Israel, while urging a focus on limiting the impact of the war on Gaza's civilians.

Persons: Tayyip Erdogan's, Erdogan, Olaf Scholz's, Scholz, Israel's, Israel, Aydin Yasar, It's, Thomas Escritt, Alexandra Hudson Organizations: Trade, European Union, Eurofighter Typhoon, Airbus, Hamas, German, SWP, NATO, Alexandra Hudson Our, Thomson Locations: Germany, Turkey, Gaza, BERLIN, Moscow, Ukraine, Berlin, Ankara, Istanbul, Israel, Turkish, Stockholm, Greece, Europe

☆ Sweden plans new nuclear reactors by 2035, will share costs
▼ + stars: | 2023-11-16 | by ( Simon Johnson | ) www.reuters.com time to read: +2 min

By 2045 the government wants to have the equivalent of 10 new reactors, some of which are likely to be small modular reactors (SMRs), smaller than conventional reactors. Energy Minister Ebba Busch said the government was planning a "massive build out" of new nuclear power by 2045. "It's decisive for the green transition, for Swedish jobs and at heart for the welfare of our citizens," she told reporters. Countries like Poland, the Czech Republic, and Britain are looking at expanding nuclear power as societies transition to a fossil-fuel free future. Sweden voted to get rid of nuclear power in 1980, and has only six of an original 12 reactors still in production.

Persons: Tom Little, Ebba Busch, Elisabeth Svantesson, Busch, Finland's, Germany's Uniper, Simon Johnson, Chizu Nomiyama, Elaine Hardcastle Organizations: Rights, Energy, EDF, Thomson Locations: Swedish, Stockholm, Sweden, Rights STOCKHOLM, Poland, Czech Republic, Britain

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