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☆ Senator asks Treasury to bar Chinese battery firms, minerals from US EV tax credits
▼ + stars: | 2023-11-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

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

☆ Exxon to start lithium production for EVs in the U.S. by 2027
▼ + stars: | 2023-11-13 | by ( Sabrina Valle | Thomson Reuters | U.S. Energy Correspondent Focused In Covering Global Operations Of Oil Majors Out Of Houston. | ) www.reuters.com time to read: +3 min

[1/2] Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Ammann did not disclose how much Exxon intends to invest in the lithium business, or when it might become profitable. Exxon plans to begin production with partner Tetra Technologies, Reuters exclusively reported on Saturday. It will produce the metal onsite and sell it under the brand name Mobil Lithium, the company said on Monday. Exxon is focusing on lithium production to be used not only in EVs but also consumer electronics and energy storage systems that can hold electricity generated from intermittent solar and wind power.

Persons: Dado Ruvic, Dan Ammann, Ammann, Sabrina Valle, Sourasis Bose, Maju Samuel, Bernadette Baum Organizations: Exxon Mobil, REUTERS, Companies, Exxon, Tetra Technologies HOUSTON, Exxon's, Imperial, Tetra Technologies, Reuters, Mobil, BP, Shell, Deloitte, Thomson Locations: China, United States, Europe, Arkansas, U.S, Alberta, Canada, Houston, Bengaluru

☆ Check out how different the inside of fake AirPods look compared to the real thing
▼ + stars: | 2023-11-13 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Jon Bruner, head of marketing at Lumafield, shared some CT scans of real and counterfeit AirPods. On Tuesday, Bruner shared some photos to X showing CT scans of a real pair of AirPods compared to some counterfeitsLumafield calls the engineering of the AirPods Pro a "marvel of miniaturization." AdvertisementAdvertisementLumafield reviewed some key differences between the batteries, circuitry, and overall quality in the real and counterfeit AirPods. The real AirPods scanned were a pair of AirPods Pro, the most expensive of Apple's wireless earbud lineup. Jon Bruner/LumafieldThe fake AirPods also have fewer microphones, so you won't get as good sound quality as you would with the real AirPods, according to Lumafield.

Persons: Jon Bruner, —, Bruner, Lumafield, it's, you've Organizations: Service

☆ Why these industrial giants are betting on the transition to clean energy
▼ + stars: | 2023-11-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

"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

☆ This EV battery stock has potential double-digit gains ahead. UBS thinks it could even surge 100%
▼ + stars: | 2023-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Nomura has a price target of 315 yuan — for an upside of nearly 67% from Friday's close. Even after trimming their price target on the buy-rated stock, the analysts have a price target of 266 yuan — just over 40% upside from Friday's close. They have a price target of 284 yuan, or 50% upside from Friday's close. More products coming to market The company already has just over a third of the global EV battery market, with more products on the way, according to Counterpoint Research. Li Auto, which reported record deliveries in October that beat out Tesla , is launching its first purely battery-powered vehicle in December — with a new CATL battery called Qilin.

Persons: That's, Nomura, CATL, FactSet, Peter Richardson, Li Auto, Tesla, — CNBC's Michael Bloom Organizations: Amperex Technology, BMW, Tesla, Union, HSBC, Revenue, VW, Mercedes, Benz, EV, Jefferies, Research, Chery, UBS Locations: Shenzhen, Friday's, EU, Thuringia, Hungary, —, Jiangxi

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

☆ NWSL to launch expansion process for 16th team
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - The NWSL will begin the process of expanding to a 16th team, Commissioner Jessica Berman said on Friday, as the top-flight North American league looks to build with a landmark new broadcast deal in place. The National Women's Soccer League (NWSL) previously announced it will welcome a 13th and 14th club next year, the San Jose-based Bay FC and the Utah Royals, and a Boston-based team is expected to join beginning in 2026. The league welcomed two other teams, Los Angeles' Angel City FC and San Diego Wave FC, in 2022. Berman said that viewership on the CBS network was up 41% year-over-year this season while streaming on Paramount+ climbed 83%. The NWSL season wraps up on Saturday with a championship match between the Seattle-based OL Reign and NJ/NY Gotham FC at San Diego's Snapdragon Stadium.

Persons: Jessica Berman, Berman, Amy Tennery, Christian Schmollinger Organizations: Women's Soccer League, FC, Utah Royals, Angel City FC, San Diego Wave FC, ESPN, CBS, Prime Sports, Scripps, ION, Paramount, NY Gotham FC, Thomson Locations: San Jose, Boston, Los Angeles, U.S, Seattle, NJ, San, New York

☆ Exclusive: Exxon aims to begin lithium production by 2026 in Arkansas
▼ + stars: | 2023-11-11 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +4 min

For Exxon and other oil companies, lithium production offers the prospect of selling a new product with relatively little added cost. OTHER ACREAGESeparate from its Tetra partnership, Exxon also controls more than 100,000 acres in Arkansas from which it plans to begin lithium production by 2027, according to the source. It was not clear whether Exxon plans to expand lithium operations outside Arkansas. Like all oil producers, Exxon extracts water containing traces of lithium as part of fossil fuel production. The Arkansas Oil and Gas Commission, which overseas lithium operations in the state, has said it plans to hold hearings on the matter.

Persons: Darren Woods, Mike Blake, Albemarle, Ernest Scheyder, Caroline Humer, David Gregorio Our Organizations: ExxonMobil, Milken, Global Conference, REUTERS, Exxon Mobil, Exxon, Tetra Technologies, EV, Reuters, Tetra, Chevron, Battery Metals, EnergySource Minerals, Energy, Arkansas Oil and Gas Commission, Benchmark Minerals, Thomson Locations: Beverly Hills , California, U.S, Arkansas, Florida, Texas, Albemarle, Louisiana, Los Angeles

☆ Megan Rapinoe and Ali Krieger take to the pitch for the last time in NWSL Final
▼ + stars: | 2023-11-11 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Friends and teammates for much of their illustrious careers, US Women’s National Team legends Megan Rapinoe and Ali Krieger will take to the pitch one last time on Saturday as foes. Rapinoe’s OL Reign takes on Krieger’s Gotham FC in Saturday’s NWSL Final, which provides a fitting stage for the grand finale of two women’s soccer greats. Ahead of the game, in the final pre-match press conference of her career, an emotional Rapinoe couldn’t hold back the tears. Krieger’s farewellPerhaps it was written in the stars that both Rapinoe and Krieger would enjoy their last dance on the pitch together in the NWSL Championship game. On Monday, after both teams had booked their places in the final, Krieger revealed on Instagram a two-month-old text exchange she had with Rapinoe.

Persons: Megan Rapinoe, Ali Krieger, Rapinoe’s, “ I’ve, ”, I’ve, Rapinoe, “, ” Rapinoe, Krieger, Stephen Brashear, Jessica Berman Organizations: CNN, National, Gotham FC, USA, Amazon Prime, ION, CBS, Paramount Plus, ESPN, Sports, Reuters, Champions League, Frankfurt Locations: Saturday’s, rondos, California

Lockbit was discovered in 2020 when its eponymous malicious software was found on Russian-language cybercrime forums, leading some security analysts to believe the gang is based in Russia. The gang has not professed support for any government, however, nor has any government formally attributed it to a nation-state. "We are located in the Netherlands, completely apolitical and only interested in money," the gang says on its dark web blog. The cybercrime gang infects a victim organisation's system with ransomware - malicious software that encrypts data - and then coerces targets into paying ransom to decrypt or unlock it. On the dark web, Lockbit's blog displays an ever-growing gallery of victim organisations that is updated nearly daily.

Persons: Lockbit, cybercriminals, Zeba Siddiqui, James Pearson, Rod Nickel Organizations: FRANCISCO, LONDON, Commercial Bank of China, Boeing, ION, Thomson Locations: Russia, Netherlands, United States, ICBC's U.S, San Francisco, London

☆ Rapinoe meets high stakes with a smile ahead of NWSL championship
▼ + stars: | 2023-11-10 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

But Saturday's showdown between Gotham FC and her OL Reign gives Rapinoe one last chance to claim the National Women's Soccer League championship after years of thwarted attempts, with the team she has been a part of since its inception. "It's really unique that you get to a championship game ever in your career. Rapinoe's Seattle farewell match last month averaged 683,000 viewers on CBS, an NWSL regular-season record. It was, you know, so much fun to watch and be a part of," said Rapinoe. Reporting by Amy Tennery in New York Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Megan Rapinoe, Ali Krieger, Lu Barnes, they've, Rapinoe's, Amy Tennery, Christian Radnedge Organizations: United States, Gotham FC, National Women's Soccer League, New, Rapinoe, ESPN, CBS, Prime Sports, Scripps, ION, Thomson Locations: New York, New, Rapinoe's Seattle

☆ NWSL announces record broadcast deal to start in 2024
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Scripps Company CEO Adam Symson speaks during a press conference announcing the NWSL’s new partnerships with CBS Sports, ESPN, Prime Video, and Scripps Sports at Venue 808. Mandatory Credit: Kyle Terada-USA TODAY Sports Acquire Licensing RightsNEW YORK, Nov 9 (Reuters) - The National Women's Soccer League (NWSL) has agreed a four-year media deal with broadcasters ESPN, CBS, Prime Sports and Scripps' ION Network, the league said on Thursday. The NWSL described the deal, worth a reported $60 million annually, as the "largest media investment in women's sports history", promising "record-breaking distribution and revenue" for the top-flight American league. The 2024 NWSL will include two expansion teams, Bay FC and the Utah Royals. Reporting by Amy Tennery in New York, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Adam Symson, Kyle Terada, Jessica Berman, Rosalyn Durant, Amy Tennery, Ed Osmond Organizations: Scripps Company, CBS Sports, ESPN, Prime, Scripps Sports, Women's Soccer League, CBS, Prime Sports, Scripps, ION Network, Bay FC, Utah Royals, Thomson Locations: San Diego , California, USA, Australia, New Zealand, New York

☆ NWSL announces media deals with CBS Sports, ESPN, Amazon worth $240 million
▼ + stars: | 2023-11-09 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

The National Women's Soccer League announced a four-year contract Thursday for media distribution with CBS Sports, ESPN, Amazon Prime Video and Scripps Sports . The NWSL will begin each regular-season weekend with Friday night matches on Prime Video, followed by double-header Saturday night games on Scripps'-owned ION network. The league will also air a package of regular-season matches on CBS and stream live on Paramount+. Additionally, ESPN will air a package of matches across its various channels, including live streaming on ESPN+ in English and Spanish. CBS will air a minimum of 21 games, ESPN and ABC will air 20 games, Prime Video will air 27 games and Scripps will air 50, according to the league.

Persons: Carli Lloyd of, Sydney Leroux, Orlando, Jessica Berman, —, Jessica Golden Organizations: Carli Lloyd of NJ, NY Gotham FC, Match, Sydney, Orlando Pride, Red Bull Arena, Women's Soccer League, CBS Sports, ESPN, Amazon Prime, Scripps Sports, Prime, Scripps, ION, CBS, Paramount, CNBC, ABC

The National Women's Soccer League on Thursday announced a new media rights deal that will feature the league's matches on ESPN, CBS Sports, Amazon Prime Video and Scripps Sports. “We’re resetting the standards by which women’s sports can be valued.”The league's current deal with CBS Sports ends at the end of this season. Political Cartoons View All 1239 ImagesStarting next season, a Friday night game on Prime Video will kick off each weekend. The remaining regular season games will be part of a domestic direct-to-consumer package produced and distributed by the NWSL, the league said. In the playoffs, Prime Video and a CBS platform will each broadcast a quarterfinal each, while ESPN/ABC airs the other two.

Persons: ”, Jessica Berman, “ We're, ” Sean McManus, Berman, Megan Rapinoe's, Lumen, Rapinoe, Ali Krieger, ___ Organizations: Women's Soccer League, ESPN, CBS Sports, Amazon Prime, Scripps Sports, Gotham FC, CBS, Scripps, ION, Paramount, CBS Sports Network, ABC, ESPN2, ESPN Deportes, Endeavor, NHL, NFL, Utah Royals, Bay FC, U.S . Locations: San Diego, Seattle, Gotham

☆ Firefighters are still learning how to fight EV fires. Here's everything you need to know to stay safe.
▼ + stars: | 2023-11-09 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

EV fires are harder to put out. Water damage can cause fires even after your car dries out. AdvertisementAdvertisementCar fires have always been dangerous and difficult for firefighters, but highly combustible chemicals in electric car batteries are posing new challenges. Even after an EV battery fire appears to be extinguished, lingering energy stored in the battery can cause these dangerous runaways. O'Connor spoke with Insider this week to provide advice about what to do in the event of an electric car fire.

Persons: —, Brian O'Connor, O'Connor, It's Organizations: Service, EV, National Fire Protection Locations: Florida

☆ How clean-air-tech companies are trying to change the way we breathe
▼ + stars: | 2023-11-08 | by ( Hazel Davis | ) www.businessinsider.com time to read: +8 min

The impacts of air pollution are a growing concern for health organizations and climate regulators. The pandemic prompted some countries to prioritize finding ways to alleviate and prevent air pollution, including encouraging people to wear face masks. Vitale said exposure to negative ions could increase serotonin levels in the brain, which would help alleviate stress, anxiety, and depression, as well as improve sleep quality. At the same time, the UV light shines on the nanoparticle catalyst, which causes a reaction that releases negative ions. Trahms said the device emitted a constant stream of millions of negative ions, which bind to pollutants — or agglomerate — rather than destroy them.

Persons: —, Jay Vitale, COVID, Vitale, there's, Christiaan Trahms, Trahms, Nicola Carslaw Organizations: Service, World Health Organization, Air, National Library of Medicine, King's, AA, Food and Drug Administration, University of York Locations: Milton Keynes, South Africa, London

The 2023 Earthshot Prize winners:This year’s winners were chosen from a shortlist of 15 finalists by Prince William and the Earthshot Prize Council, chaired by Christiana Figueres, a former UN climate chief, who played a key role in negotiating the Paris Climate Agreement in 2015. The Prince of Wales speaks with the winners of the 2023 Earthshot Prize following the awards ceremony on Tuesday night. Irwin added that the Earthshot Prize offers “hope,” which “is something we all need to hang on to.”The Singapore skyline was lit up in green to celebrate the Earthshot Prize on Monday. Mohd Rasfan/AFP/Getty ImagesFigueres, who is also an Earthshot Prize trustee, told CNN that it was “such a joy” to work with the Prince of Wales. The prince said he was “thrilled” to be in Singapore for the third Earthshot Prize ceremony and outlined his vision for supporting this year’s shortlist of finalists.

Persons: Wales, Prince William, “, ” William, Christiana Figueres, Rania Al Abdullah of Jordan, Ernest Gibson, Jack Ma, Prince, Chris Jackson, Nidhi Pant, Emily Owen, ’, Ted Lasso ”, Hannah Waddingham, Sterling K, Brown, Cate Blanchett, Nomzamo, Robert Irwin, OneRepublic, Irwin, ”, Hunter, Steve Irwin, Mohd Rasfan, Prince of Wales, William, we’ve, Tharman Shanmugaratnam, Lee Hsien Loong, Catherine, Princess, Prince George Organizations: CNN’s Royal, Singapore CNN, Earthshot, Theatre, MediaCorp, Royal Foundation, WildAid, Technologies, S4S Technologies, CNN, ”, Voices, Getty, Figueres, BBC, PBS, Singapore, Jewel, HSBC Locations: Singapore, India, UN, Paris, Peru, South America, Hong Kong, South African, ”, AFP, Gardens, Kallang

☆ Britain's Prince Visits Singapore for Earthshot Environmental Prize
▼ + stars: | 2023-11-07 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

By Chen LinSINGAPORE (Reuters) - Britain's Prince William attended the annual Earthshot Prize ceremony on Tuesday, which awards 1 million pounds ($1.23 million) to each of five green innovators working on projects including a cleaner lithium-ion battery and ocean conservation. "The light of optimism is burning bright in our Earthshot finalists," Prince William said at the ceremony in Singapore. Representing six continents and chosen from over 1,300 nominees, the 15 finalists' projects ranged from a scheme to plant, grow and digitally track trees in Liberia to a less carbon-intensive method of treating industrial wastewater. William, who became heir to the British throne after Queen Elizabeth died in September last year, set up the prize in 2020. This is William's first trip to Singapore since 2012, when he visited with his wife Kate, the Princess of Wales.

Persons: Chen Lin SINGAPORE, Britain's Prince William, Prince William, William, Queen Elizabeth, John F, Kate, Princess, Wales, Chen Lin, Bernadette Baum Locations: Singapore, Hong Kong, Liberia, Kensington

☆ Senators urge US to take steps to boost battery production, citing China
▼ + stars: | 2023-11-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Workers are seen at the production line of lithium-ion batteries for electric vehicles (EV) at a factory in Huzhou, Zhejiang province, China August 28, 2018. REUTERS/Stringer/ File photo Acquire Licensing RightsWASHINGTON, Nov 6 (Reuters) - Two influential Democratic U.S. senators urged the Energy Department to take steps to boost U.S. battery manufacturing and next-generation battery research, citing China's dominance and export controls, according to a letter seen by Reuters. China dominates the global EV battery supply chain including production of graphite - the single largest component. The letter wants a committee briefing by Dec. 1 "on ongoing research and development of next-generation battery technologies." China accounts for 70% of the global production of lithium-ion batteries, the letter said, noting of five critical minerals required for most lithium-ion batteries, China "controls between 60-100% of the mining or refining for these minerals."

Persons: Stringer, Mark Warner, Joe Manchin, China's, Jennifer Granholm, David Shepardson, Leslie Adler, Stephen Coates Organizations: REUTERS, Rights, Democratic U.S, Energy Department, Reuters, Senate, Energy, Pentagon, Department of Defense, Thomson Locations: Huzhou, Zhejiang province, China, United States, Asia, U.S

☆ Pro-Europe party of Moldova's president wins local elections, sees setbacks in big cities
▼ + stars: | 2023-11-06 | by ( Alexander Tanas | ) www.reuters.com time to read: +2 min

ZAK BENNETT/Pool via REUTERS/File Photo Acquire Licensing RightsCHISINAU, Nov 6 (Reuters) - The party of Moldova's pro-European president came first in hundreds of weekend local elections but was unable to win mayoral seats in the biggest cities, including the capital Chisinau, according to preliminary results on Monday. Sandu's ruling Party of Action and Solidarity (PAS) won more than 40% of the votes cast for mayors, city councillors and district and village councils nationwide. It won mayoral seats in the first round of voting in 240 of 898 villages, towns and cities. Those victories were mostly in rural areas and its candidates did not win control of the big cities. A pro-Russian political party linked to Shor was barred on security grounds from taking part in the elections.

Persons: Maia Sandu, ZAK BENNETT, Maia Sandu's, Ion Cebal, Lilian Carp, Ilan Shor, Sandu, Shor, Andrei Spinu, Tom Balmforth, Gareth Jones Organizations: USAID, Democracy, Ford Foundation Center, Social Justice, 78th United Nations General, Rights, of Action, Solidarity, PAS, funnelling, European Union, Thomson Locations: New York City, U.S, Rights CHISINAU, Chisinau, Moscow, Balti, Cahul, Orhei, Russia, Russian, Moldova, Soviet, Romania, Ukraine

☆ Moldova holds local elections amid Russian meddling allegations
▼ + stars: | 2023-11-05 | by ( Alexander Tanas | ) www.reuters.com time to read: +3 min

[1/2] People walk past election campaign posters ahead of snap parliamentary election, scheduled on July 11, in Chisinau, Moldova July 7, 2021. Pro-European President Maia Sandu has denounced Russia's invasion of Ukraine and accused Moscow of plotting to oust her in a coup. "Thanks to your vote, Moldova has a chance to become a member of the European family. The national security service has accused Shor of helping funnel 1 billion Moldovan lei ($55.60 million) into Moldova to stage anti-government protests during the war in Ukraine and to "buy" voters. Shor said he was sending the money to Moldova to help pensioners, finance social infrastructure projects and some politicians.

Persons: Vladislav Culiomza, Maia Sandu, Ilan Shor, Shor, Ion Ceban, Lilian Carp, Sandu, Yuliia Dysa, Tom Balmforth, Ros Russell Organizations: REUTERS, Rights, European Union, funneling, of Action, Solidarity, PAS, Russian, Moldovan, Constitutional, Chance Party, Thomson Locations: Chisinau, Moldova, Rights CHISINAU, Moscow, Soviet, Ukraine, Russia

☆ Former 'American Idol' star Jimmy Levy's backpack exploded into a 'ball of fire' just as his JetBlue flight was about to take off from JFK
▼ + stars: | 2023-11-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Former 'American Idol' star Jimmy Levy's bag caught fire while his JetBlue flight sat at the gate. Levy said he was told a portable battery inside his bag had caused the fire. In an interview with NBC News, Levy said he was told by investigators his portable charger was to blame for the explosion. "It's a portable charger from a fancy mall, so it wasn't some random thing," he said. JetBlue didn't immediately respond to Insider's request for comment but told NBC News in a statement that its crew "immediately responded and addressed the situation, and there were no requests for medical assistance."

Persons: Jimmy Levy's, Levy, —, Jimmy Levy, John F, JetBlue didn't Organizations: American Idol, JetBlue, Service, Kennedy International Airport, NBC News, Hollywood International Airport, Federal Aviation Administration Locations: New, South Florida, New York, Israel, JFK, Fort Lauderdale

TOKYO (AP) — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings. Toyota Motor Corp. reported Wednesday 1.28 trillion yen ($8.5 billion) in quarterly profit, up from 434 billion yen the previous year. Quarterly sales rose 24% to 11.43 trillion yen ($75.7 billion) from 9.22 trillion yen. Political Cartoons View All 1227 ImagesToyota is expecting its vehicle sales to grow in most major regions, officials said. A shortage of computer chips caused by the social restrictions of the coronavirus pandemic had previously slammed the supply chain and hurt Toyota sales.

Persons: —, Hannah Schoenbaum, Yuri Kageyama Organizations: TOKYO, Toyota Motor Corp, Toyota, U.S, Camry, Lexus, Tesla, Vehicles Locations: U.S, Europe, Japan, Asia, China, North Carolina, Greensboro, North America, Kentucky, Raleigh, N.C

The plant will serve as Toyota's epicenter of lithium-ion battery production in North America and will be a key supplier for the Kentucky-based plant tasked with building its first U.S.-made electric vehicles, the company said. Sean Suggs, president of Toyota North Carolina, said the announcement “reinforces Toyota’s commitment to electrification and carbon reduction,” while fulfilling its promise to bring economic growth to North Carolina. Toyota has committed to using 100% renewable energy to produce batteries at the North Carolina plant, which has been under construction since 2021. Toyota says it will have 15 battery electric vehicles for sale globally by 2025. Toyota could receive hundreds of million in cash incentives, tax breaks and infrastructure upgrades from the state of North Carolina and local governments for fulfilling its job creation and investment goals, according to state officials and documents.

Persons: —, ”, Roy Cooper, Koji Sato, Sean Suggs, Joe Biden’s, Phil Berger Organizations: — Toyota, Toyota, Automotive, U.S . Department of Energy, Republican, Associated Press, America Statehouse News Initiative, America Locations: RALEIGH, N.C, North Carolina, Greensboro, North America, Kentucky, U.S, Tokyo, Toyota North Carolina

☆ You Don’t Need a New iPhone. You Just Need a New Battery.
▼ + stars: | 2023-10-27 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

Every iPhone has a hidden ‘Maximum Capacity’ setting to figure out the health of your battery. WSJ’s Joanna Stern investigates why her iPhone’s battery degraded so much in one year. Hint: Battery cycle counts. Photo illustration: Annie Zhao/The Wall Street JournalYou know what they say: iPhone batteries are like a box of organic raspberries. Your iPhone’s lithium-ion battery will expire and, unfortunately, there’s no “Best Before” label.

Persons: Joanna Stern, Annie Zhao

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