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☆ Slovakia's Fico strikes deal on coalition after election win
▼ + stars: | 2023-10-11 | by ( Jan Lopatka | ) www.reuters.com time to read: +4 min

A Fico-led government would move Slovakia closer to Hungary at a time when the European Union and other Western countries have tried to keep unity on support for Ukraine. The memorandum did not specify any foreign policy details. He has not been specific on commercial supplies from the country's defence industry which include ammunition and heavy equipment makers. Prior to the election, also said he wanted to re-negotiate a defence cooperation treaty with Washington. Reporting by Jan Lopatka and Jason Hovet in Prague; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Fico, Zuzana Caputova, Radovan Stoklasa, Fico, Viktor Orban, Jan Lopatka, Jason Hovet, Emelia Sithole Organizations: REUTERS, EU's, Ukraine Coalition, Ukraine, Democracy, European Union, Justice, SNS, NATO, Washington, EU, Hungarian, Diplomats, Thomson Locations: Bratislava, Slovakia, Ukraine, Russia, Hungary, Slovak Republic, Prague

☆ Kremlin says damage to Baltic pipeline is 'disturbing', mentions Nord Stream attack
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +3 min

ELERING/Handout via REUTERS/File Photo Acquire Licensing RightsMOSCOW, Oct 11 (Reuters) - The Kremlin on Wednesday described news of damage to the Balticconnector gas pipeline between Estonia and Finland as disturbing and said that the attack on the Nord Stream pipeline last year was a dangerous precedent. The damage to the gas pipeline was believed to have taken place in Finnish waters, while the telecoms cable breach was in Estonian waters, Finnish authorities said. Peskov added that there had been dangerous precedents in the Baltic - blasts on the Nord Stream gas pipelines in September 2022 that Moscow blames on the United States and Britain. It is still a mystery who was behind the attack on Nord Stream. The Nord Stream 1 and Nord Stream 2 pipelines have a joint annual capacity of 110 billion cubic metres - more than half of Russia's normal gas export volumes.

Persons: Dmitry Peskov, Peskov, Volodymyr Zelenskiy, Seymour Hersh, Joe Biden, Hersh's, Gareth Jones, Emelia Organizations: REUTERS, Rights, Wednesday, The Washington Post, The New York Times, U.S . Central Intelligence Agency, Ukraine, White, Nord, Reuters, Thomson Locations: Paldiski, Estonia, Handout, Finland, Nord, Baltic, Estonian, Moscow, United States, Britain . Washington, London, Norway, Russia, Germany

☆ Use of weather derivatives surges as extreme climate events rock the globe
▼ + stars: | 2023-10-11 | by ( Harry Robertson | ) www.reuters.com time to read: +6 min

Weather derivatives were born in the late 1990s. Climate change and the El Nino weather phenomenon combined to make the northern hemisphere summer of 2023 the hottest ever recorded, according to the European Union Climate Change Service. Weather derivatives let buyers hedge against the risk that the weather will damage their business. Average open interest in CME weather futures and options contracts in September was around 170,000 contracts, compared to roughly 10 times that for crude oil - although market participants reckon 90% of the weather derivatives market is in over-the-counter deals. "Extreme weather events tend to make good marketing for weather futures," said Samuel Randalls, a professor at University College London who focuses on weather and climate.

Persons: Andrew ., Ken Griffin's, Peter Keavey, Griffin's Citadel, Nick Ernst, Ernst, Matthew Hunt, Samuel Randalls, David Whitehead, Whitehead, UCL's Randalls, BGC's Ernst, Martin Malinow, Harry Robertson, Emelia Sithole Organizations: NYPD, REUTERS, Energy, Chicago Mercantile Exchange, Enron, CME Group, El, Change, Graphics, University College London, Citadel, Thomson Locations: Manhattan, Williamsburg, New York City, U.S, Paris, New York, Ukraine

A signage is pictured at Travis Perkins, a timber and building merchants yard in St Albans, Britain October 22, 2020. The group said it now expected 2023 adjusted operating profit to be in the range of 175 million pounds ($215 million) to 195 million pounds, down from the 240 million pounds it had guided to in June, itself a 12% downgrade. Shares in Travis Perkins sunk by as much as 12% in early deals, hitting their lowest level for over three years. Travis Perkins said it remained confident in its longer-term outlook because Britain needed to build more homes and existing infrastructure would need to be decarbonised. Separately, Forterra (FORT.L), a British company which manufactures clay and concrete building products, said demand for its products has softened since July.

Persons: Travis Perkins, Paul Childs, Nick Roberts, Travis, Peel Hunt, Sarah Young, William James, James Davey, Emelia Organizations: REUTERS, Britain's, Peel, Thomson Locations: St Albans, Britain, British

☆ China issues legal guidelines to support private business
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

The guidelines issued by the Supreme People's Court, emphasized the legal protection of private firms and the "personality rights" of entrepreneurs, according to CCTV. Authorities will also crack down on infringements on the legitimate rights and interests of private firms, CCTV said, citing the guidelines. The guidelines also stressed the need to expand financing channels for small and medium-sized private firms and vowed to deal with illegal loans. China is seeking private investment for 4,894 major projects with total investment of 5.27 trillion yuan ($723 billion), after private investment shrank 0.7% in the first eight months of this year from a year earlier. Local governments struggling to balance budgets tend to favour cash-generating state-owned enterprises over their private sector competitors, S&P Global said.

Persons: Tingshu Wang, Ellen Zhang, Kevin Yao, Emelia Sithole Organizations: REUTERS, Rights, Supreme, Authorities, CCTV, P Global, Local, Thomson Locations: China, Beijing's, Rights BEIJING, COVID

Logo of British Petrol BP is seen at a petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsCompanies Bp Plc FollowLONDON, Oct 10 (Reuters) - BP (BP.L) said on Tuesday it remained committed to its financial and carbon reduction ambitions, as interim Chief Executive Officer Murray Auchincloss hosted an investor day in Denver. "BP's strategy, financial frame and net zero ambition are unchanged," the energy group said in a statement. "BP remains focused on delivering its strategy safely, with disciplined delivery, quarter-on-quarter, to meet 2025 targets and 2030 aims." The company aims to achieve zero net carbon emissions by 2050 and to invest billions in renewable and low-carbon power.

Persons: Kacper, Murray Auchincloss, Bernard Looney, Ron Bousso, Tomasz Janowski, Susan Fenton, Emelia Organizations: British, REUTERS, Rights, BP, Reuters, Thomson Locations: Pienkow, Poland, Denver

REUTERS/Clodagh Kilcoyne/File Photo Acquire Licensing RightsOct 10 (Reuters) - Atlanta Federal Reserve Bank President Raphael Bostic on Tuesday said the U.S. central bank need not raise borrowing costs any further, and sees no recession ahead even as the Fed's rate hikes so far slow the economy and bring down inflation. "I actually don't think we need to increase rates anymore" to get too-high inflation back down to the Fed's 2% goal, Bostic told the American Bankers Association, to applause. Policy is sufficiently restrictive, and "a lot" of the impact of the Fed's rate hikes so far is clearly yet to come, he said. The conflict between Israel and the Palestinian militant group Hamas which broke out over the weekend creates uncertainty for the United States and the global economy, Bostic said, noting that it will cause rethinking on markets and investments. If data comes in differently from what he expects, Bostic said "we might have to increase (the Fed policy rate), but that's not my outlook right now, and that's not my expectation."

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, that's, Ann Saphir, Emelia Sithole Organizations: Federal Reserve Bank of Atlanta, REUTERS, Atlanta Federal Reserve Bank, American Bankers Association, Palestinian, Hamas, Thomson Locations: Dublin, Ireland, U.S, Israel, United States, Ukraine

☆ Warburg Pincus to invest in Everise, valuing US healthcare outsourcing company at $1bln
▼ + stars: | 2023-10-03 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com time to read: +2 min

"We have continued to see strong underlying demand for quality customer experience, driven by an increasing outsourcing trend across the global healthcare industry," Warburg Pincus' Mumbai-based managing director Viraj Sawhney said in the statement. Warburg Pincus has invested in the healthcare sector for over five decades and counts Ensemble Health Partners, which offers revenue cycle management for healthcare firms, and U.S consumer healthcare navigation company Quantum Health among its portfolio companies, according to the statement. The entry of Warburg Pincus into Everise will see Singapore-headquartered private equity firm Everstone Group exiting the company, according to the statement, which said the transaction is expected to close by the end of this year. Founded in 2016, Everise has over 19,000 employees in eight markets from Singapore to India, according to its website. Brookfield, with some $850 billion in assets under management, agreed to buy into Everise from Everstone in 2020.

Persons: Warburg Pincus, Everise, Viraj Sawhney, Yantoultra Ngui, Kane Wu, Catherine Evans, Emelia Organizations: Health Partners, Quantum Health, Everstone Group, Brookfield, Thomson Locations: SINGAPORE, Everise, U.S, Brookfield, Mumbai, Singapore, India, Everstone

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The yen eased to 149.83 per dollar, its weakest in more than 11 months, moving ever closer to the 150 mark that some traders believe could prompt intervention by Tokyo to support the currency. "If the yen breaks 150 per dollar, which I think is likely, and verbal intervention is not followed by action then we could see dollar-yen at 155." In the broader currency market, sterling was last 0.4% lower at $1.2158, having slid nearly 4% against the dollar in the third quarter. Elsewhere, the Australian dollar slid 0.6% to $0.6395, while the New Zealand dollar edged 0.4% lower to $0.5972, as traders looked ahead to rate decisions from their respective central banks this week.

Persons: Florence Lo, Dane Cekov, Shunichi Suzuki, Jarrod Kerr, Nordea's Cekov, bitcoin, Samuel Indyk, Rae Wee, Shri Navaratnam, Simon Cameron, Moore, Emelia, Alex Richardson Organizations: U.S, REUTERS, Bank of Japan, Bank of Japan's, Finance, Congress, Democratic, Australian, New Zealand, Thomson Locations: Tokyo, Britain, U.S

MANCHESTER, England, Oct 2 (Reuters) - British finance minister Jeremy Hunt poured cold water on growing calls for tax cuts within the governing Conservative Party on Monday, saying he could not commit to any "inflationary" reduction before the next election. But his message was overshadowed by calls from senior Conservative lawmakers, including Prime Minister Rishi Sunak's predecessor, for tax cuts to try to close the gap in opinion polls with the opposition Labour Party before an election expected next year. He said any tax cuts this year would be inflationary, making it more difficult to achieve Sunak's pledge made in January to halve inflation by the end of the year. Yes, but it means difficult decisions and we're prepared to take those difficult decisions," Hunt told Sky News, adding that voters understood "how difficult these decisions are". "So ahead of this year's Autumn Statement, we must make the Conservative Party the party of business once again, by getting Corporation Tax back down to 19%.

Persons: Jeremy Hunt, Hunt, Rishi Sunak's, Sunak, we're, Liz Truss, Alistair Smout, Elizabeth Piper, Andrew MacAskill, Kylie MacLellan, Sachin Ravikumar, Sarah Young, Emelia Sithole, Catherine Evans Organizations: Conservative Party, Conservative, Labour Party, Times, Sky News, Labour, Corporation, Tax, Thomson Locations: MANCHESTER, England, British, Manchester

☆ Bangladesh dengue deaths top 1,000 in worst outbreak
▼ + stars: | 2023-10-02 | by ( Ruma Paul | ) www.reuters.com time to read: +2 min

A nurse provides treatment to a dengue-infected patient at the Shaheed Suhrawardy Medical College and Hospital in Dhaka, Bangladesh, July 26, 2023. REUTERS/Mohammad Ponir Hossain/File photo Acquire Licensing RightsDHAKA, Oct 2 (Reuters) - The death toll from Bangladesh's worst dengue outbreak on record has topped 1,000 this year, official data showed, with hospitals struggling to make space for patients as the disease spreads rapidly in the densely-populated country. The current death toll is nearly four times more than the whole of last year, when Bangladesh recorded 281 dengue-related deaths. However, a lack of proper prevention measures has allowed the dengue-carrying mosquito to spread all over Bangladesh, said Kabirul Bashar, an entomologist and zoology professor at Jahangirnagar University. “From 2000 to 2018, dengue is only happening in Dhaka city, but in 2019 it is transferred into different cities.

Persons: Mohammad Ponir Hossain, “, …, ” Sanwar Hossain, Kabirul Bashar, ”, Abdullah, Ruma Paul, Emelia Sithole Organizations: Shaheed Suhrawardy Medical College, Hospital, REUTERS, Rights, Reuters, Jahangirnagar University, “, Thomson Locations: Dhaka, Bangladesh, Rights DHAKA, Mugda, South Asia

☆ France kicks off bird flu vaccination despite trade backlash risk
▼ + stars: | 2023-10-02 | by ( Sybille De La Hamaide | ) www.reuters.com time to read: +2 min

More and more governments have been looking at vaccination as a way to contain the highly contagious bird flu. However, trade barriers such vaccination can prompt have made large poultry exporters reluctant to inoculate their birds. The United States triggered restrictions on imports of French poultry beginning Oct. 1, citing a risk of introducing the virus into the country. Despite intensive talks, Japan was also still reluctant to accept French poultry after vaccination, Fesneau said. Bird flu vaccination in France is initially limited to ducks, which are the most vulnerable to the virus and accounted for only 8% of total French poultry production in 2022.

Persons: Marc Fesneau, Fesneau, CIFOG, Sybille de La, Emelia Sithole Organizations: U.S . Department of Agriculture, Thomson Locations: France, United States, Landes, Japan

☆ Britain's finance minister to announce higher minimum wage
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

UK Parliament/Jessica Taylor/Handout via REUTERS/File Photo Acquire Licensing RightsMANCHESTER, England, Oct 1 (Reuters) - British finance minister Jeremy Hunt on Monday will announce a rise in the minimum wage in his annual Conservative party conference speech, where he is expected to ignore a growing clamour for tax cuts within his party. On Monday Hunt will announce that the living wage, the minimum wage for workers over 23 years old, will rise to at least 11 pounds ($13.42) an hour from 10.42 pounds. Prior to Hunt's speech, former Prime Minister Liz Truss will put pressure on the government to lower taxes in her only expected intervention at this year's conference. A year ago as prime minister, she had to scale back her tax-cutting plans in a U-turn at conference, and the market turmoil she sparked forced her resignation in October. However, since then she has stuck to her message that lower tax, especially for businesses, is part of what Britain needs to spark growth.

Persons: Jeremy Hunt, Jessica Taylor, Handout, Michael Gove, Hunt, Rishi Sunak's, Liz Truss, Alistair Smout, Elizabeth Piper, Andrew MacAskill, Emelia Sithole Organizations: REUTERS, Rights, Conservative, Bank of England, Low, Thomson Locations: London, Britain, Rights MANCHESTER, England, British

The COP28 summit is scheduled to take place in Dubai between Nov. 30 and Dec. 12. The United Arab Emirates' president of the conference, Jaber, has said the oil and gas industry needs to be part of the conversation on climate change. He has urged the energy industry to achieve net-zero emissions by or before 2050 and to accelerate an industry-wide commitment to reach near-zero methane emissions by 2030. "If the oil and gas industry signs up to decarbonization agreements and methane abatement that is a huge contribution to the debate," Amin said. Jaber, who is also head of UAE state oil giant ADNOC, was a controversial pick to lead the climate summit because his country is an OPEC member and a major oil exporter.

Persons: Amr Alfiky, COP28 UAE's Jaber, Adnan Amin, Amin, Sultan al, Jaber, John Kerry, COP28, Maha El, Emelia Sithole Organizations: United, United Arab Emirates, REUTERS, United Arab, Reuters, COP28, U.S . Climate, Thomson Locations: Abu Dhabi, United Arab, ABU DHABI, United Arab Emirates, United Nations, Dubai, U.S, Scotland, COP28, UAE, OPEC

☆ Zelenskiy says nothing will weaken Kyiv's resolve against Russia
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

Ukraine's President Volodymyr Zelenskiy visits the Memory Wall of Fallen Defenders of Ukraine, amid Russia's attack on Ukraine, during Defenders of Ukraine Day commemoration in Kyiv, Ukraine October 1, 2023. Ukrainian Presidential Press Service/Handout via REUTERS Acquire Licensing RightsKYIV, Oct 1 (Reuters) - Ukrainian President Volodymyr Zelenskiy said in a speech released on Sunday that nothing would weaken his country's fight against Russia, a day after the U.S. Congress passed a stopgap funding bill that omitted aid to Ukraine. Zelenskiy, in a recorded speech marking the Defenders Day holiday, did not address the vote in Congress directly, but reiterated his determination to fight to victory. "As we draw closer to it every day, we say, 'We will fight for as long as it takes.'" "Support for Ukraine remains unwaveringly strong in the U.S. administration, in both parties and chambers of the U.S. Congress, and most importantly, among the American people," he wrote.

Persons: Volodymyr Zelenskiy, Rustem Umerov, Lloyd Austin, Austin, Joe Biden, Oleg Nikolenko, Elaine Monaghan, Pavlo Polityuk, Maria Starkova, Emelia Sithole Organizations: Defenders, Presidential Press Service, REUTERS Acquire, Rights, Russia, U.S, Congress, Ukraine . Defense, U.S . Defense, Republicans, Foreign, Facebook, U.S . Congress, Thomson Locations: Ukraine, Kyiv, Ukrainian, U.S, Washington, Lviv

☆ Zelenskiy Says Nothing Will Weaken Kyiv's Resolve Against Russia
▼ + stars: | 2023-10-01 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy said in a speech released on Sunday that nothing would weaken his country's fight against Russia, a day after the U.S. Congress passed a stopgap funding bill that omitted aid to Ukraine. Defense Minister Rustem Umerov said separately he had received reassurances about further military assistance in a telephone call with U.S. Defense Secretary Lloyd Austin. Zelenskiy, in a recorded speech marking the Defenders Day holiday, did not address the vote in Congress directly, but reiterated his determination to fight to victory. "As we draw closer to it every day, we say, 'We will fight for as long as it takes.'" (Reporting by Elaine Monaghan in Washington, Pavlo Polityuk in Kyiv, and Maria Starkova in Lviv; Editing by Emelia Sithole-Matarise)

Persons: Volodymyr Zelenskiy, Rustem Umerov, Lloyd Austin, Austin, Joe Biden, Oleg Nikolenko, Elaine Monaghan, Pavlo Polityuk, Maria Starkova, Emelia Sithole Organizations: Russia, U.S, Congress, Ukraine . Defense, U.S . Defense, Republicans, Foreign, Facebook, U.S . Congress Locations: Ukraine, Ukrainian, U.S, Washington, Kyiv, Lviv

☆ In Government Row Over ECHR, UK's Cleverly Says No Need to Leave
▼ + stars: | 2023-10-01 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

MANCHESTER, England (Reuters) - British foreign minister James Cleverly knocked back a suggestion by another government minister on Sunday that leaving the European Convention of Human Rights was needed so the country could better tackle illegal immigration. Sunak has ruled out leaving the ECHR, a treaty agreed by almost every nation in Europe after World War Two, saying Britain could curb the arrival of illegal migrants without having to quit. But some in his party, including interior minister Suella Braverman, say the international conventions governing refugees were not fit for purpose, and only served to encourage activist lawyers to block deportations. Cleverly told a fringe event organised by think tank Onward at the Conservative conference, he did not "feel that in order to achieve what we need to achieve, to protect our borders, we are necessitated to leave the ECHR". And I have no doubt that the decisions that we have made are completely within the boundaries of international law.

Persons: James, Rishi, Kemi Badenoch, Sunak, Suella Braverman, Elizabeth Piper, Emelia Sithole Organizations: European Convention of Human, British, Sunday Times, Conservative Locations: MANCHESTER, England, Europe, Britain

☆ Credit Suisse sheds nearly 13% of workforce
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023. REUTERS/Tyrone Siu/File photo Acquire Licensing RightsZURICH, Sept 29 (Reuters) - Credit Suisse has shed nearly 13% of its workforce in the past 12 months, underlining the turmoil at the bank that was taken over by cross-town rival UBS (UBSG.S) in a state-engineered rescue earlier this year. The number of Credit Suisse employees fell to 33,968 at the end of June, from 38,908 at the end of June 2022, the bank said in its financial report published on Friday. The figures relate to Credit Suisse AG, the lender's core banking business. A Credit Suisse spokesperson declined to comment on the breakdown between voluntary departures and job cuts, or how many jobs could be lost in future.

Persons: Tyrone Siu, Sergio Ermotti, Ermotti, John Revill, Emelia Sithole, Mark Potter, Susan Fenton Organizations: Credit Suisse, REUTERS, Rights, UBS, Credit Suisse AG, Asset Management Association Switzerland, Thomson Locations: Hong Kong, China, Switzerland

The French competition authority (FCA) said on Wednesday it conducted the dawn raid a day earlier on a company in the "graphics cards sector", it said. French newspaper Challenges and the Wall Street Journal identified the company as Nvidia (NVDA.O). While GPU prices start from over $1,000, the ones favoured by AI companies can cost well over $10,000. Nvidia has a presence in both sectors, and if any startup is planning to create an AI company, they would need to depend on Nvidia for the chips. Various French authorities have looked at Big Tech companies previously, including issuing a fine to Google in 2021 for infringing EU competition law.

Persons: Dado Ruvic, Charlotte Colin, Dubuisson, Colin, Supantha Mukherjee, Dominique Vidalon, Emelia Sithole Organizations: NVIDIA, REUTERS, Rights, Nvidia, Big Tech, Wall Street Journal, Intel, AMD, Tesla, Oracle, Google, Microsoft, Thomson Locations: Rights STOCKHOLM, FRANCE, France, Stockholm, Paris

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, meet on Oct. 4. The panel, called the Joint Ministerial Monitoring Committee, can call for a full OPEC+ meeting if warranted. Four OPEC+ sources who declined to be named said the committee would probably not make any changes to existing policy during Wednesday's online meeting. With oil rallying, some analysts have cited an increasing probability the Saudi voluntary cuts will be reduced. The next full OPEC+ meeting is not until November.

Persons: Leonhard Foeger, Prince Abdulaziz bin Salman, Ahmad Ghaddar, Maha El, Olesya Astakhova, Alex Lawler, Dmitry Zhdannikov, Emelia Organizations: Organization of, Petroleum, REUTERS, LONDON, Oil, Brent, Saudi Energy Ministry, Saudi Energy, Saudi, OPEC, Thomson Locations: Vienna, Austria, Saudi, Russia, DUBAI, MOSCOW, OPEC, Saudi Arabia

☆ EU talks migration as Italy, Germany worry over increased arrivals
▼ + stars: | 2023-09-28 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +3 min

[1/2] An Italian Coast Guard vessel carrying migrants rescued at sea passes near a tourist boat, on the Sicilian island of Lampedusa, Italy, September 18, 2023. REUTERS/Yara Nardi Acquire Licensing Rightsサマリー Higher arrivals, looming elections put migration high on agendaFocus on whether Berlin backs proposed new EU 'crisis mechanism'Some propose Egypt for next migration deal after TunisiaBRUSSELS, Sept 28 (Reuters) - The European Union's migration ministers meet in Brussels on Thursday to discuss how to handle migrants arriving by sea as Italy and Germany worry over increased immigration, with Berlin launching border controls inside Europe's zone of open travel. "There is a lot of unrest in (the) direct neighbourhood of Europe," said one senior EU diplomat. The EU has been pushing tougher anti-immigration policies since more than a million people reached its southern shores in 2015, catching the bloc by surprise and overwhelming security and reception capacities in countries including Italy. The 27-member governments have since struggled to modernise their shared asylum and migration rules - including the "crisis mechanism" - especially as they want to look in control for their voters ahead of a pan-EU parliamentary election in 2024.

Persons: Yara, Giorgia Meloni, Nancy Faeser, Faeser, Gabriela Baczynska, Emelia Sithole Organizations: Italian Coast Guard, REUTERS, Berlin, Italy's, EU Locations: Lampedusa, Italy, Egypt, Tunisia BRUSSELS, Brussels, Germany, Berlin, Tunisia, Europe, EU, Poland, Czech Republic, Bavaria, East, Africa, Asia

☆ Morning Bid: Oil spike delivers coup de grace to dire Q3
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

A nighttime view of the Torrance Refinery, an oil refinery operated by PBF Energy, in Torrance, California, U.S., March 10, 2022. The U.S. Treasury completes more than $130 billion of new debt sales this week with another 7-year note auction later on Thursday. But even though the euro bounced back from 2023 lows today, there was better news on the inflation front from Europe. As China's markets headed for the Golden Week holidays next week, stocks there were in the red too - with Hong Kong's Hang Seng (.HSI) hitting its lowest for the year so far. * U.S. Treasury auctions 7-year notes, 4-week bills* U.S. corporate earnings: Nike, Accenture, CarmaxReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsEditing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Bing Guan, Mike Dolan, Jerome Powell, it's, Lisa Cook, Austan Goolsbee, Thomas Barkin, Emelia Sithole Organizations: Torrance Refinery, PBF Energy, REUTERS, Federal, U.S, Treasury, U.S . Treasury, Micron Technology, Nvidia, Kansas, Fed, Chicago Fed, Richmond Fed, Nike, Accenture, Carmax Reuters Graphics Reuters, Reuters, Thomson Locations: Torrance, Torrance , California, U.S, Washington, United States, Europe

☆ UBS, Credit Suisse face wider US probe over Russia sanctions -Bloomberg News
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich, Switzerland March 19, 2023. UBS declined to comment to Reuters when asked for a response to the Bloomberg News report, which said the alleged compliance failures related to UBS and Credit Suisse, which was taken over by its larger rival UBS (UBSG.S) earlier this year. A full-scale investigation by the Department of Justice focusing mainly on Credit Suisse and potential sanctions violations was now underway, added the Bloomberg report, citing people familiar with the matter. "Credit Suisse has conducted a review of these issues, the UK and French aspects of which have been closed, and is continuing to cooperate with the authorities," UBS added. The Swiss bank has also adjusted its valuation of Credit Suisse by $3 billion to cover outflows related to contingent liabilities such as law suits.

Persons: Denis Balibouse, JP Morgan, Shivani Tanna, John Revill, Krishna Chandra Eluri, Emelia, Jane Merriman, Alexander Smith Organizations: UBS, Credit Suisse, REUTERS, Rights, U.S . Department of Justice, Bloomberg, Department of Justice, Justice, United, European Union, Suisse, DOJ, Credit, Thomson Locations: Zurich, Switzerland, United Nations, United States, Switzerland's, Britain, Netherlands, France, Belgium, Swiss, Ukraine, Crimea, Bengaluru

☆ TotalEnergies says will pay more to shareholders as oil, gas output rises
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Sept 27 (Reuters) - French energy goup TotalEnergies (TTEF.PA) said on Wednesday that it would increase returns to shareholders and planned to raise its oil and gas production by 2 to 3% per year over the next five years. The group said at an investor day that it expects to distribute about 44% of its cash flow to shareholders in 2023 and set a target of more than 40% beyond 2023. TotalEnergies also announced positive results at an exploration well in Namibia, to be confirmed by another flow test, and said further appraisal wells and prospects would be drilled. Analysts had said they were particularly keen to hear more about the French energy group's recent exploration activity offshore Namibia - which has no oil and gas output now but could become one of the top 15 oil producers by 2035.

Persons: Gonzalo Fuentes, TotalEnergies, Benjamin Mallet, Forrest Crellin, Sudip Kar, Gupta, Ingrid Melander, Emelia Sithole Organizations: La Defense, REUTERS, Rights, Thomson Locations: La, Paris, France, Namibia

☆ Instacart shares fall further below IPO price
▼ + stars: | 2023-09-27 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

Shares of Instacart, formally called Maplebear, last traded at $28.71 compared to the $30 price set in its IPO on Sept. 18. SoftBank-backed chip designer Arm Holdings fell 2.5% to $52.19, just above the $51 price in its IPO two weeks ago. After closing with a gain of 12% in its first session, Instacart has steadily lost ground. Arm's shares have also mostly declined after surging in their Wall Street debut, touching intra-day lows below $51 in three of the past five sessions. The marketing automation firm's stock remains above its $30 IPO price, but well below its intraday high of $37 in its first day of trading.

Persons: Eric Cohn, Cheney Orr, Instacart, Noel Randewich, Emelia Sithole Organizations: Safeway, REUTERS, Vanda Research, Arm Holdings, Thomson Locations: Tucson , Arizona, U.S, Klaviyo

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