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☆ Nasdaq gets SEC nod for first exchange AI-driven order type
▼ + stars: | 2023-09-08 | by ( Laura Matthews | ) www.reuters.com time to read: +2 min

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. Order types are programmed instructions traders use to tell exchanges how to handle their trades. M-ELO, first released in 2018, is a strategic order type that enables investors with longer-term horizons to trade with each other using a 10-millisecond waiting period. Nasdaq's research shows that the real-time AI order type has a 20.3% increase in fill rates and an 11.4% reduction in mark-outs, indicating the improvements AI-powered solutions can bring to capital markets. "This new order type can increase order fill rate and reduce holding time if successfully implemented, which could help Nasdaq take market shares from other exchange operators," said Owen Lau, senior analyst at Oppenheimer & Co.

Persons: Owen Lau, Laura Matthews, Mark Porter Organizations: Nasdaq, REUTERS, Nasdaq Inc, U.S . Securities, Exchange Commission, SEC, Oppenheimer, Co, Thomson Locations: New York City, U.S

☆ SpaceX, US FAA close Starship launch probe with dozens of fixes
▼ + stars: | 2023-09-08 | by ( Joey Roulette | ) www.reuters.com time to read: +5 min

"The closure of the mishap investigation does not signal an immediate resumption of Starship launches at Boca Chica," the agency said, referring to SpaceX's sprawling Starship launch site in south Texas. It was unclear how many of the corrective actions SpaceX has already implemented, which will impact Starship's next launch timeline. Later on Friday, SpaceX's CEO and founder Elon Musk asked the FAA "what are the 63 corrective actions?" In line with FAA regulations, Musk's space company led the Starship investigation and largely created the list of 63 corrective actions for the FAA to approve. The agency requires SpaceX complete those actions before it can obtain a new Starship launch license.

Persons: SpaceX's, Joe Skipper, Elon Musk, Musk, Joey Roulette, Chizu Nomiyama, Mark Porter, Josie Kao, David Gregorio Our Organizations: Boca Chica, REUTERS, Rights, U.S . Federal Aviation Administration, SpaceX's, FAA, SpaceX, NASA, Boca, Thomson Locations: Brownsville , Texas, U.S, Texas, Boca Chica

☆ Colombia airline Avianca to invest $473 mln to grow fleet by 16 planes
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

The exterior of the Avianca administrative office is pictured, as officers from Colombia's attorney general's office conduct a raid inside, in Bogota, Colombia February 12, 2020. REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsBOGOTA, Sept 7 (Reuters) - Colombia's flag-carrier airline Avianca will invest $473 million to grow its fleet by 16 aircraft as it looks to increase the number of routes on offer, Chief Executive Adrian Neuhauser said on Thursday. Avianca will lease 14 Airbus A320 NEO planes and two A320 CEO planes to push its daily flights on domestic routes up by almost 25%, from 600 to 750. Neuhaser during a press conference in Colombia's Bogota called the increase of almost 1 million weekly seats "unprecedented growth" in the airline's history. The 16 planes will join Avianca's fleet between October and the end of December, the executive said.

Persons: general's, Luisa Gonzalez, Adrian Neuhauser, Avianca, Neuhaser, Luis Jaime Acosta, Oliver Griffin, Mark Porter Organizations: REUTERS, Rights, Viva Air, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Colombia's Bogota, Avianca's, Colombian

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The recent supplier problem, discovered late last month, involves fastener holes on the 737 aft pressure bulkhead that were improperly drilled and therefore misaligned or elongated. Spirit AeroSystems (SPR.N), which makes the 737 fuselage, said in August it had corrected the production issue and continues to deliver fuselages to Boeing. Despite continued supplier defects, West said Boeing has no intention of changing its supplier master schedule, which calls for Boeing's supply chain to ramp to a monthly production rate of 50 737s by the 2025-2026 timeframe. Reporting by Valerie Insinna and Abhijith Ganapavaram; Editing by Mark Porter and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Brian West, West, Valerie Insinna, Mark Porter Organizations: Boeing, Paris, REUTERS, Rights, Thomson Locations: Le Bourget, Paris, France

☆ Ex-FTX executive Salame agrees to plead guilty to US criminal charges, lawyer says
▼ + stars: | 2023-09-07 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Salame appeared before U.S. District Judge Lewis Kaplan in Manhattan less than one month before Bankman-Fried's scheduled Oct. 3 trial on fraud and conspiracy charges stemming from now-bankrupt FTX's November 2022 collapse. Salame said that he had agreed to forfeit more than $1.5 billion in connection with the plea deal. Salame had worked for Ernst & Young and Circle Internet Financial before joining FTX Digital Markets. Salame was not charged at the time, and his lawyer told prosecutors he would invoke his Fifth Amendment right against self-incrimination if called to testify. Reporting by Luc Cohen in New York; Editing by Emelia Sithole-Matarise and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Ryan Salame, Sam Bankman, Salame, District Judge Lewis Kaplan, Kaplan, Fried, Caroline Ellison, Gary Wang, Nishad Singh, Singh, Luc Cohen, Emelia Sithole, Mark Porter Organizations: FTX's, U.S, District, Prosecutors, Alameda Research, Former Alameda, Bankman, Ernst & Young, Circle, FTX Digital, Republican, Democratic, Securities Commission, FTX, New York Times, Thomson Locations: Manhattan, Bahamas, Caribbean, Alameda, New York

☆ Mexico president backs ruling party candidate after disputed selection process
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Mexico's President Andres Manuel Lopez Obrador and Mexico City Mayor Claudia Sheinbaum attend an event to commemorate the 200th Anniversary of the Consummation of the Independence of Mexico outside the National Palace, in Mexico City, Mexico, September 27, 2021. Lopez Obrador rejected Ebrard's demand that the primary be redone, and said he supported Sheinbaum. It's something historic, unprecedented, and I don't see any problem," Lopez Obrador said about the process where Sheinbaum beat out five other contenders. Lopez Obrador suggested Ebrard may choose to run for the presidency as an independent candidate, adding that he is free to do what he considers best. "This type of process has never been done," Lopez Obrador said, referring to the polls of some 12,500 people that resulted in Sheinbaum becoming the MORENA candidate.

Persons: Andres Manuel Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Henry Romero, Marcelo Ebrard, MORENA, Lopez Obrador, Ebrard, Lopez, Xochitl Galvez, Dave Graham, Stephen Eisenhammer, Mark Porter Organizations: Mexico City Mayor, REUTERS, Regeneration, ' Movement, Thomson Locations: Mexico, Independence, Mexico City, MEXICO, Sheinbaum

Salame also pleaded guilty to conspiring to operate an unlicensed money-transmitting business. But there was no indication that he was cooperating with the prosecution or would testify against Bankman-Fried at trial. Former Alameda Chief Executive Officer Caroline Ellison, former FTX technology chief Gary Wang and former FTX engineering chief Nishad Singh previously pleaded guilty and are expected to testify against Bankman-Fried. Bankman-Fried has pleaded not guilty. His lawyer told prosecutors that if called to testify Salame would invoke his right under the U.S. Constitution's Fifth Amendment against self-incrimination.

Persons: Ryan Salame, Sam Bankman, Fried, District Judge Lewis Kaplan, Kaplan, Salame, Jason Linder, Caroline Ellison, Gary Wang, Nishad Singh, Singh, Luc Cohen, Will Dunham, Emelia, Mark Porter Organizations: FTX's, U.S, District, Bankman, Alameda, Porsche, Alameda Research, Prosecutors, Ernst & Young, Circle, FTX Digital, Republican, Democratic, Constitution's, Securities Commission, FTX, New York Times, Thomson Locations: Manhattan, Massachusetts, Salame, Bahamas, Caribbean, Alameda, New York

Interior Department on Wednesday said it would cancel oil and gas leases in a federal wildlife refuge that were bought by an Alaska state development agency in the final days of former President Donald Trump's administration. Environmentalists and an Alaska indigenous group praised the move while a Republican Senator from Alaska slammed it. A Republican-passed tax bill in 2017 opened the area to oil and gas leasing and directed Interior to hold two lease sales by December 2024. The oil and gas industry largely failed to embrace the 2021 lease sale, which generated just $14 million in high bids, mostly from AIDEA. “We commend Secretary Haaland for canceling unlawfully issued oil-and-gas leases in the Arctic Refuge,” Abigail Dillen, president of environmental group Earthjustice, said in a statement.

Persons: Donald Trump's, Joe Biden, Biden, Deb Haaland, AIDEA, “, ” Abigail Dillen, Dan Sullivan, Interior's, Jarrett Renshaw, Nichola Groom, Chizu Nomiyama, David Gregorio, Mark Porter Organizations: U.S . Fish, Wildlife Service, Library, Fish, REUTERS, Conocophillips, U.S . Interior Department, Alaska Industrial Development, Export Authority, Wildlife, Democrat, National Petroleum Reserve, Alaska Natives, Trump, ConocoPhillips, United Nations, ALASKA Trump's Interior Department, Republican, Biden, Thomson Locations: Beaufort, Wildlife Service Alaska, U.S, Alaska, United States, ALASKA Trump's, ANWR, Washington, Los Angeles

☆ US FAA clears UPS Flight Forward, uAvionix drone operations
▼ + stars: | 2023-09-06 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, Sept 6 (Reuters) - U.S. regulators are allowing two more companies, UPS Flight Forward and uAvionix, to operate drones beyond visual line of sight (BVLOS), the Federal Aviation Administration said on Wednesday. UPS Flight Forward with its Matternet M2 can conduct small-package delivery using a ground-based surveillance system from Raytheon, while uAvionix can use the Vantis Network to test its detect and avoid technology, the FAA said. UPS plans to conduct flights in North Carolina, Florida, Ohio and potentially other states from its Remote Operations Center (ROC) in Kentucky, the FAA said. The agency on Aug. 24 authorized Phoenix Air Unmanned to operate SwissDrones SVO 50 V2 drones beyond visual line of sight. The FAA is working to develop rules to make drone operations out of the line of sight "routine, scalable and economically viable."

Persons: David Shepardson, Susan Heavey, Doina Chiacu, Mark Porter Organizations: UPS, Federal Aviation Administration, Raytheon, Network, FAA, Remote Operations Center, Phoenix Air Unmanned, National, Thomson Locations: U.S, North Carolina , Florida , Ohio, Kentucky

Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada April 12, 2023. The central bank hiked rates by a quarter point in both June and July in a bid to tame stubbornly high inflation, which has remained above the bank's 2% target for 27 months. Bank of Canada Governor Tiff Macklem will deliver a speech and hold a press conference to discuss the decision on Thursday. Reuters GraphicsLiberal Prime Minister Justin Trudeau's support has sagged amid high inflation as his Conservative rival, Pierre Poilievre, hammered him for fueling inflation with government spending and driving up rates during a housing crisis. "The Bank of Canada's decision to maintain its overnight interest rate is welcome relief for Canadians," Finance Minister Chrystia Freeland said in a statement.

Persons: Blair Gable, Doug Porter, Andrew Kelvin, Justin Trudeau's, Pierre Poilievre, Chrystia Freeland, Steve Scherer, David Ljunggren, Fergal Smith, Ismail Shakil, Divya Rajagopal, Nivedita Balu, Mark Porter Organizations: Canada, REUTERS, Rights, Bank of Canada, Wednesday, Governing, BoC, BMO Capital Markets, Canadian, Reuters, TD Securities, Reuters Graphics Liberal, Conservative, Finance, Thomson Locations: Ottawa , Ontario, Canada

Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada April 12, 2023. REUTERS/Blair Gable/File Photo Acquire Licensing RightsOTTAWA, Sept 6 (Reuters) - The Bank of Canada on Wednesday is expected to keep rates on hold at a 22-year high of 5% after the economy unexpectedly shrank in the second quarter, analysts said. While the economy turned negative in the second quarter, inflation has been stubborn, unexpectedly rising to 3.3% in July as core measures remained well above 3%. Canada's Liberal Prime Minister Justin Trudeau's support has sagged amid high inflation as his Conservative rival, Pierre Poilievre, hammered him for feeding inflation with government spending and driving up rates during a housing crisis. But core inflation measures are inching down slowly, and a wealth of data is due out before the bank next meets to discuss rates in October.

Persons: Blair Gable, Derek Holt, Justin Trudeau's, Pierre Poilievre, Tiago Figueiredo, Holt, Steve Scherer, Mark Porter Organizations: Canada, REUTERS, Rights, Bank of Canada, of Canada, Scotiabank, Canada's Liberal, Conservative, Bank of Canada's, Desjardins Group, Reuters, BoC, Thomson Locations: Ottawa , Ontario, Canada

The second-quarter reading was far lower than the Bank of Canada's (BoC's) forecast for a 1.5% annualized GDP growth as well as the 1.2% gain expected by analysts. The quarterly slowdown was largely due to declines in housing investment and smaller inventory accumulation as well as slower international exports and household spending, Statistics Canada said. The central bank hiked its benchmark overnight rate to a 22-year-high of 5.0% in July, the tenth increase since March of last year. The high interest rate environment has coincided with falling housing investment, which recorded its fifth consecutive quarterly decrease in the three months ended in June. The housing investment decline was led by a sharp drop in new construction as well as a fall in renovation activities, Statscan said.

Persons: Stephen Brown, Andrew Kelvin, Statscan, downwardly, Doug Porter, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Nivedita Balu, Mark Porter Organizations: Bank of Canada's, North, Capital Economics, Bank of Canada, Statistics, BoC, Reuters, TD Securities, Money, Canadian, BMO Capital Markets, Thomson Locations: OTTAWA, North American, Statistics Canada, Canada

☆ Canada says addressing Google, Facebook concerns over online news law
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. Facebook and Google will need to voluntarily negotiate deals with news publishers in Canada and pay a portion of their global revenues, based on a set calculation, according to the draft regulations. Both companies have said that the law is unworkable for their businesses, and Meta has already ended news sharing on its platforms in Canada. Google also plans to block news from search results in Canada before the law comes into effect. Agreements that Google and Facebook reach must also cover independent local, Indigenous and official language minority community news businesses, according to the draft regulations.

Persons: Dado Ruvic, Alphabet's, Ismail Shakil, David Ljunggren, Mark Porter Organizations: REUTERS, Rights, Google, Canada's, Facebook, Meta, Canadian, Canadian Radio, Telecommunications Commission, Thomson Locations: Canada, Ottawa

☆ Judge sentences ex-Proud Boys leaders to 17 and 15-year terms for US Capitol attack
▼ + stars: | 2023-08-31 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +5 min

In one of the debates during his 2020 presidential campaign, Trump famously told the Proud Boys to "stand back and stand by" when he was asked by the moderator to denounce white supremacists. [1/2]A mob of supporters of U.S. President Donald Trump storm the U.S. Capitol Building in Washington, U.S., January 6, 2021. They are requesting a 20-year term for Pezzola, who was acquitted of seditious conspiracy, but convicted of other serious felonies. The sentences he imposed, while far lower than what the government requested, still represent among the most stringent to date in connection with the Capitol attack. It is one of four indictments now facing Trump, as the 2024 campaign is about to kick into high gear.

Persons: Joseph Biggs, Zachary Rehl, Donald Trump's, Timothy Kelly, Biggs, Rehl, Kelly, Jan, ”, “ I’m, ” Rehl, “, Joe Biden's, Trump, Jason McCullough, ” Trump, Biden, Donald Trump, Leah Millis, Ethan Nordean, Dominic Pezzola, Enrique Tarrio, Rehls, Stewart Rhodes, Jack Smith, Stormy Daniels, Sarah N, Lynch, Scott Malone, Mark Porter, Grant McCool Organizations: Boys, U.S, Capitol, Prosecutors, Democratic, Republican, REUTERS, Trump, Thomson Locations: Washington , U.S, Georgia, Florida, New York

☆ Judge sentences ex-Proud Boys leader Biggs to 17 years over US Capitol attack
▼ + stars: | 2023-08-31 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +5 min

[1/2] A mob of supporters of U.S. President Donald Trump storm the U.S. Capitol Building in Washington, U.S., January 6, 2021. Ahead of his sentencing, Biggs apologized for his actions as he faced Kelly, choking up as he spoke about his daughter whom he said was a sexual assault victim who needs him. Together, Biggs and Rehl will become the first Proud Boys convicted of seditious conspiracy to be sentenced for their roles in the Jan. 6, 2021, attack. Norm Pattis, an attorney for both Biggs and Rehl, asked Kelly to sentence his clients to a term that is below U.S. sentencing guidelines. In May, a jury convicted Biggs, Rehl, Tarrio and Nordean of seditious conspiracy, a Civil War-era law that makes it a crime to conspire to oppose the government by force, and other felonies.

Persons: Donald Trump, Leah Millis, Joseph Biggs, Donald Trump's, Timothy Kelly, Kelly, Jan, Biggs, “, ”, “ I’m, Zachary Rehl, Rehl, Stewart Rhodes, Jason McCullough, Enrique Tarrio, Ethan Nordean, Joe Biden's, Trump, Biden, Jack Smith, Norm Pattis, Pattis, Dominic Pezzola, Pezzola, Sarah N, Lynch, Scott Malone, Mark Porter Organizations: U.S, Capitol, REUTERS, Rights, Democratic, Republican, Prosecutors, Thomson Locations: Washington , U.S

CrowdStrike shares rose as much as 10.2% to $164.41 on Thursday and was last trading at $162, up 8.59%. Okta's shares rose 17.6% to $86.50, their highest level since May. Other cybersecurity firms were also trading higher, buoyed by CrowdStrike and Okta. Multiple analysts raised their price target for the shares of CrowdStrike and Okta in reaction to the news. Austin, Texas-based CrowdStrike delivers cloud-based cybersecurity protection through its Falcon platform that is used by many large U.S. companies.

Persons: Dado Ruvic, CrowdStrike, Okta, Chibuike Oguh, Lance Tupper, Mark Porter Organizations: REUTERS, CrowdStrike Holdings, Okta Inc, Wall, Zscaler Inc, Nasdaq, Palo Alto Networks, Thomson Locations: CrowdStrike, Austin , Texas, U.S, San Francisco, New York

☆ Former Proud Boys leaders could face longest sentences yet for US Capitol attack
▼ + stars: | 2023-08-31 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

Proud Boys member Joe Biggs speaks during a rally in Portland, Oregon, September 26, 2020, before he was later arrested for his involvement in the storming of the U.S. Capitol building in Washington. Federal prosecutors have asked a judge to sentence Joseph Biggs to 33 years in prison and they are seeking a 30-year sentence for co-defendant Zachary Rehl. They are due to become the first Proud Boys convicted of seditious conspiracy to be sentenced for their roles in the Jan. 6, 2021, attack. Former Proud Boys Chair Enrique Tarrio and another former leader, Ethan Nordean, were scheduled for sentencing on Wednesday but their hearings were postponed after the judge called out sick. Rehl, meanwhile, "spent his time as president of the Philadelphia Proud Boys trying to present a legitimate-looking front while behind the scenes amassing an army that was ready and willing to fight," they added.

Persons: Joe Biggs, Jim Urquhart, Donald Trump's, Joseph Biggs, Zachary Rehl, Stewart Rhodes, Enrique Tarrio, Ethan Nordean, Joe Biden's, Trump, Biden, Timothy Kelly, Biggs, Rehl, Jack Smith, Norm Pattis, Kelly, Dominic Pezzola, Pezzola, Sarah N, Lynch, Scott Malone, Mark Porter Organizations: U.S . Capitol, Washington . D.C, REUTERS, Rights, Boys, Democratic, Republican, U.S, Philadelphia Proud, Capitol, Prosecutors, Thomson Locations: Portland , Oregon, Washington ., U.S, American

☆ Sentencing of two ex-Proud Boys leaders postponed
▼ + stars: | 2023-08-30 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +5 min

[1/6] Proud Boys leader Enrique Tarrio gestures as he leaves the D.C. Central Detention Facility where he had been held since September 2021, in Washington, U.S., January 14, 2022. REUTERS/Evelyn Hockstein E/File photo Acquire Licensing RightsWASHINGTON, Aug 30 (Reuters) - The sentencing hearings for two former leaders of the right-wing Proud Boys who were convicted of seditious conspiracy and other crimes for the Jan. 6, 2021, assault on the Capitol by Donald Trump supporters were abruptly postponed on Wednesday. Former Proud Boys chairman Enrique Tarrio and another former leader Ethan Nordean were supposed to be the first of five Proud Boys to face sentencing this week, with three other co-defendants due to be sentenced on Thursday and Friday. Prosecutors are planning to ask U.S. District Judge Timothy Kelly to sentence Tarrio to 33 years in prison and Nordean to 27 years. Attorneys for Tarrio and Nordean will ask the judge to reject the terrorism enhancement request.

Persons: Enrique Tarrio, Evelyn Hockstein E, Donald Trump, Ethan Nordean, Nordean, Timothy Kelly, Tarrio, Stewart Rhodes, Joe Biden's, Trump, Biden, Jack Smith, Timothy James McVeigh, Joseph Biggs, Zachary Rehl, Biggs, Rehl, Prosecutors, Dominic Pezzola, Mark Ode, Pezzola, Sarah N, Lynch, Scott Malone, Alistair Bell, Mark Porter Organizations: REUTERS, Rights, Capitol, U.S, Attorney's, District of Columbia, Proud Boys, Prosecutors, Democratic, Republican, Tarrio, Oklahoma City, Rehl, Baltimore . Capitol Police, Capitol Police, Thomson Locations: Washington , U.S, Washington, Baltimore

☆ Basta! Let Italians play Italians in movies, actor says
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

[1/4] The 80th Venice Film Festival - Photocall for the film "Comandante" in competition - Venice, Italy August 30, 2023. Director Edoardo De Angelis and cast members Johan Heldenbergh, Silvia D'Amico, Pierfrancesco Favino, Massimiliano Rossi pose. REUTERS/Yara Nardi Acquire Licensing RightsVENICE, Aug 30 (Reuters) - One of Italy's most famous actors, Pierfrancesco Favino, on Wednesday said Italian actors should be given a chance to play Italian roles in big international movies. Other Italian roles were taken by Lady Gaga, Jared Leto, Jeremy Irons, Salma Hayek and Al Pacino. "I wish Italian actors ... were more present in international movies where Italian characters are written," said Favino, who was promoting his new Italian-language film "Comandante," which opens the Venice Festival on Wednesday.

Persons: Edoardo De Angelis, Johan Heldenbergh, Silvia D'Amico, Pierfrancesco Favino, Massimiliano Rossi, Yara, Pierfrancesco, Ferrari, Adam Driver, carmaker Enzo Ferrari, Spain's Penelope Cruz, Driver, Maurizio Gucci, Ridley Scott's, Gucci, Lady Gaga, Jared Leto, Jeremy Irons, Salma Hayek, Al Pacino, Favino, Crispian Balmer, Mark Porter Organizations: REUTERS, Venice Film, Venice Festival, Thomson Locations: Venice, Italy, Ridley, Italian

☆ German court throws out lower grid operator returns set by regulator
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

Electrical power pylons with high-voltage power lines are seen next to wind turbines near Weselitz, Germany November 18, 2022. REUTERS/Lisi Niesner/File Photo Acquire Licensing RightsFRANKFURT, Aug 30 (Reuters) - A German court on Wednesday threw out the rates of return for power and gas network infrastructure operators set in 2021 by the grid regulator, saying companies were right to complain they were too low. The federal regulator, called the Bundesnetzagentur, had set permitted future returns for new power and gas infrastructure at 5.07%, versus 6.91% previously, leading 900 operators of local distribution networks to launch an appeal. The court in June heard test cases from 14 selected companies and upheld their arguments, it said in a statement. Leading power grid companies including E.ON (EONGn.DE) and EnBW (EBKG.DE) have said they need more money to remain competitive when billions of euros must be spent to accommodate more wind and solar power production plants on the grids.

Persons: Lisi Niesner, Kerstin Andreae, Vera Eckert, Tom Kaeckenhoff, Mark Potter, Mark Porter Organizations: REUTERS, Rights, Wednesday, E.ON, Thomson Locations: Weselitz, Germany, Ukraine

☆ Trump says he'll appeal DC trial date; legal experts say that's not possible
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Erie, Pennsylvania, U.S., July 29, 2023. "I will APPEAL," Trump said in a post on his Truth Social platform. A trial court's scheduling decision is not a legitimate basis for an appeal prior to a verdict being reached, according to legal experts. The planned trial in Washington, D.C., is one of four criminal prosecutions the former president faces as he mounts a campaign for the 2024 Republican presidential nomination. Reporting by Kanishka Singh in Washington; Editing by Mark Porter and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Lindsay DeDario, Trump, John Lauro, Kanishka Singh, Mark Porter, Alistair Bell Organizations: U.S, Republican, REUTERS, Rights, Washington , D.C, Thomson Locations: Erie , Pennsylvania, U.S, Washington ,, Washington

☆ US will resolve Tesla Autopilot probe, could make announcement soon - official
▼ + stars: | 2023-08-24 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowWASHINGTON, Aug 24 (Reuters) - The National Highway Traffic Safety Administration (NHTSA) will resolve its two-year investigation into Tesla (TSLA.O) Autopilot and could make a public announcement soon, the agency's acting head told Reuters. "We'll get to a resolution (of the Tesla probe)," Acting NHTSA Administrator Ann Carlson told Reuters in an interview at the agency's headquarters. The agency is investigating the performance of Autopilot after identifying more than a dozen crashes in which Tesla vehicles struck stopped emergency vehicles. It is also investigating whether Tesla vehicles adequately ensure drivers are paying attention when using the driver assistance system. In June 2022, NHTSA upgraded the probe into 830,000 Tesla vehicles it first opened in August 2021 to an engineering analysis - a required step before it could potentially demand a recall.

Persons: Arnd, We'll, Tesla, Ann Carlson, It's, David Shepardson, Mark Porter, Daniel Wallis Organizations: REUTERS, WASHINGTON, Traffic Safety Administration, Tesla, Reuters, NHTSA, Thomson Locations: Bern, Switzerland

☆ Canada to start planning how it will make internet giants pay for news
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Aug 24 (Reuters) - The Canadian regulator responsible for implementing the country's online news law on Thursday said it will start setting up a framework for negotiations between news organizations and internet giants this autumn, with the aim of initiating mandatory bargaining by early 2025. Both companies have said the law is unworkable for their businesses, and Meta has already ended news sharing on its platforms. Google also plans to block news from search results in Canada before the law comes into effect. The regulator will hold a public consultation regarding the framework for negotiations in autumn, CRTC said in a statement. Reporting by Ismail Shakil in Ottawa; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Ismail Shakil, Mark Porter Organizations: OTTAWA, Canada's, Google, Facebook, Meta, Canadian Radio, Telecommunications Commission, Thomson Locations: Canada, Ottawa

Some analysts warn that rising yields could push up borrowing costs, causing the economic slowdown investors are now betting against. The key question is how much further bear steepening the market needs to see for "investors to become nervous," he added. In 2018, for instance, the curve shifted to a bear-steepening dynamic as the economy appeared to hold up well despite the Fed's tightening. Risks remain, however, warned Jonathan Cohn, head of US Rates Desk Strategy at Nomura Securities International, including the pain for companies refinancing debt at higher rates and China's weakening growth. BEARISH BETSSome investors are worried that Powell’s speech at the Fed's annual economic symposium in Jackson Hole, Wyoming, could trigger a short squeeze.

Persons: Jerome Powell's, Michael Harris, Gennadiy Goldberg, Alfonso Peccatiello, Peccatiello, Jonathan Cohn, Powell, Harris, Eoin Walsh, Jim Cahn, Cahn, Michael Edwards, Weiss, there'd, Edwards, Davide Barbuscia, Michelle Price, Megan Davies, Mark Porter Organizations: Treasury, Futures, Quest Partners, Securities USA, Fed, Nomura Securities International, Investors, TwentyFour Asset Management, Thomson Locations: U.S, New York, Jackson Hole , Wyoming, Carolina

☆ US House committee leader wants probe of space command HQ decision
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

Committee chair U.S. Rep. Mike Rogers, (R-AL) during a House Armed Services Committee meeting on Capitol Hill in Washington, U.S., February 2, 2023. The White House has denied that partisan motivations were behind the decision. The U.S. military announced on July 31 that Biden, a Democrat, had selected Colorado Springs as the permanent location of the U.S. Space Command headquarters, saying it would ensure "peak readiness" of the command during a critical period. Space Command is responsible for American military operations in space. Reporting by Patricia Zengerle; Editing by Mark Porter and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Rogers, Tom Brenner, Gene Dodaro, Joe Biden, Lloyd Austin, Biden, Tommy Tuberville, Tuberville, Patricia Zengerle, Mark Porter, Jonathan Oatis Organizations: U.S, Rep, Armed Services, Capitol, REUTERS, Rights, U.S . House of, Armed, military's, Command, Republican, Office, Pentagon, Democrat, Colorado Springs, U.S . Space Command, Thomson Locations: Washington , U.S, Colorado, Alabama, Colorado Springs, U.S

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