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☆ Ukraine appears to be repurposing powerful Russian anti-tank mines and using drones to drop them on Putin's invasion army
▼ + stars: | 2023-09-10 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Ukraine appears to be repurposing and using Russian mines against Putin's forces. Video footage appears to show Ukraine dropping TM-62 anti-tank mines on Russian positions. Russian mines have been a significant obstacle to Ukraine's counteroffensive. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementUkraine appears to be repurposing Russian anti-tank mines and using drones to drop them on Russian forces. Video footage shared on X, formerly known as Twitter, claims to show a Ukrainian drone dropping a powerful grenade-fused TM-62 anti-tank blast mine on an enemy position.

Persons: Greg Crowther, GLOBSEC, Oleksii Reznikov Organizations: Ukraine, Service, CAT, Atlas Internazionale, TNT, Washington Post, Mines Advisory, United Nations, Guardian Locations: Ukraine, Wall, Silicon, Russian, Ukrainian, Atlas, Uruguay, Florida, Slovakia

ISLAMABAD (AP) — Afghanistan is the world’s fastest-growing maker of methamphetamine, a report from the United Nations drug agency said Sunday. The report called Afghanistan’s meth manufacturing a growing threat to national and regional health and security because it could disrupt the synthetic drug market and fuel addiction. It said seizures of meth suspected to have come from Afghanistan have been reported from the European Union and east Africa. Afghanistan also has the ephedra plant, which is not found in the biggest meth-producing countries: Myanmar and Mexico. But you need a lot of it.”Me said it was too early to assess what impact the Taliban’s drug crackdown has had on meth supplies.

Persons: Angela Me, ”, Abdul Mateen Qani, “ Organizations: United, Taliban, United Nations ’ Office, Drugs, European Union, Associated Press, Interior Ministry, AP, Farmers Locations: ISLAMABAD, Afghanistan, United Nations, Africa, Myanmar, Mexico, Afghan

In recent weeks, U.S. consumers have seen high-profile food recalls for an unappetizing reason: They're contaminated with foreign objects that have no place on a dinner plate. “Extraneous materials” triggered nine recalls in 2022 of more than 477,000 pounds of food regulated by the U.S. Department of Agriculture’s Food Safety and Inspection Service — triple the number of recalls tied to food contaminated with toxic E. coli bacteria. Trader Joe’s wouldn’t elaborate on how material got into the foods that led to its recent recalls. In recent years, firms have become increasingly cautious and are recalling products more frequently than before, said Nathan Mirdamadi, a consultant with Commercial Food Sanitation, which advises the industry about food safety. Consumers who find foreign materials in food should notify manufacturers, experts said, but also realize that recalls are likely to stick around.

Persons: Tyson, Keith Belk, “ they’re, ” Belk, Nathan Mirdamadi, “ It’s, Mirdamadi, there’s, Dee, Ann Durbin Organizations: U.S . Food, U.S . Department of Agriculture’s, USDA, FDA, Regulators, ConAgra Brands Inc, Center for Meat Safety, Colorado State University ., Centers for Disease Control, Food Sanitation, Consumers, AP, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: U.S

☆ Ozempic, Wegovy may curb drinking, smoking and other addictive behaviors – here's what we know
▼ + stars: | 2023-09-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +7 min

Jaap Arriens | Nurphoto | Getty ImagesHeather Le Biller shed 9 pounds within the first week of taking Novo Nordisk 's blockbuster diabetes drug Ozempic – and then even more as she continued treatment. That means it could take years before the Food and Drug Administration and other regulators worldwide approve drugs like Ozempic and Wegovy as addiction treatments. Jerlhag and her colleagues at the University of Gothenburg in Sweden have studied the effect of GLP-1s on addictive behaviors for more than a decade. "The mechanism in the brain that regulates overeating is important in regulating addictive behaviors as well," Leggio told CNBC. Still, NIDA's Leggio advises against using GLP-1s off-label to reduce addictive behaviors, "simply because there's not enough evidence in humans that they work."

Persons: Jaap Arriens, Heather Le Biller, Ozempic –, Le Biller, they're, Angela Fitch, Brandon Bell, Dr, Lorenzo Leggio, semaglutide, –, Eli Lilly, pharmacologist, Jerlhag, George Frey, NIDA's, Leggio, Steven Batash, Batash, NIDA's Leggio Organizations: Nurphoto, Novo Nordisk, CNBC, Wegovy, Obesity Medicine Association, and Drug Administration, Pharma, National Institute on Drug, University of Gothenburg, Company, Reuters, Brigade, Getty Locations: Riga, Latvia, France, Ozempic, Novo, U.S, Italian, Austin , Texas, Sweden, Provo , Utah, Queens , New York

Cocoa beans are pictured next to a warehouse at the village of Atroni, near Sunyani, Ghana April 11, 2019. A weakened cedi currency and a lower farmgate cocoa price in Ghana in the 2022/2023 season, compared with neighbouring Ivory Coast, the world's top cocoa grower, saw beans smuggled to there and to Togo. Fiifi Boafo, head of public affairs at regulator COCOBOD regulator told Reuters on Saturday that Ghana is targeting an output of 820,000 metric tons for the 2023/2024 season after the increased farmgate price. Boafo added that Ghana is planning to borrow $1.2 billion for its annual cocoa purchases. Cameroon, another top West African cocoa producer, and the world's fourth biggest, on Thursday raised its farmgate cocoa price by 25% to around 1,500 ($2.45) CFA franc per kg for the 2023/2024 season.

Persons: Ange Aboa, Nana Akufo, Addo, Ghana cedi, , Leticia Adu Yankey, Fiifi Boafo, Maxwell Adombila, Bate Felix, Clelia Oziel, Alexander Smith Organizations: REUTERS, Ghana cedi, Ghana Civil Society Cocoa, Reuters, CFA, Central African CFA, Thomson Locations: Atroni, Sunyani, Ghana, Akufo, West Africa, London, Ivory Coast, Togo, Cameroon

☆ Ivory Coast striker Pepe leaves Arsenal for Trabzonspor
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +1 min

LONDON, Sept 9 (Reuters) - Ivory Coast forward Nicolas Pepe has left Arsenal to join Turkish club Trabzonspor, with the Premier League side saying on Saturday that they had terminated his contract. Arsenal signed the 28-year-old from Ligue 1 side Lille in 2019 for a then club-record fee of 72 million pounds ($89.74 million), which was broken when they signed West Ham United's England midfielder Declan Rice for 105 million pounds in July. "We can confirm that Nicolas Pepe is leaving the club. Pepe scored 27 goals in 112 games for the Gunners and spent last season on loan at French side Nice, where he made 28 appearances and scored eight times last season. Trabzonspor are seventh in the Turkish Super League.

Persons: Nicolas Pepe, West, Declan Rice, Pepe, Angelica Medina, Ken Ferris Organizations: Arsenal, Turkish, Trabzonspor, Premier League, Ligue, Lille, West Ham, Turkish Super League, Gunners, French, Nice, Thomson Locations: Ivory, England, Mexico City

☆ London-listed SPAC moves closer to launch of Lloyd's insurance vehicle
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

The interior of the Lloyd's of London building is seen in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay//File Photo Acquire Licensing RightsLONDON, Sept 8 (Reuters) - A London-listed special purpose acquisition company has moved closer to launching a vehicle designed to give investors access to the Lloyd's of London insurance market, according to a statement on Friday. Financial Acquisitions Corp said it had established London Innovation Underwriters Limited (LIU), as part of a plan to deploy funds in the historic insurance market and build a reinsurance book with up to 1 billion pounds ($1.25 billion) of capacity. The SPAC intends to combine with LIU and raise a "significant sum" of equity capital on the London Stock Exchange, the statement said, adding a further statement would be made once the combination was entered into. ($1 = 0.8010 pounds)Reporting by Iain Withers; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Hannah McKay, LIU, Iain Withers, Sharon Singleton Organizations: REUTERS, Corp, London Innovation Underwriters, London Stock Exchange, Thomson Locations: London, City, Britain

☆ Obesity drugs’ popularity put a dent in these stocks. Why analysts say they’re still worth buying
▼ + stars: | 2023-09-08 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +7 min

Industry analysts are insisting that new weight loss and diabetes drugs like Ozempic won't hurt the demand for insulin pumps and continuous glucose monitors, but most investors aren't buying it. The answer may depend on who you listen to and whether you see GLP-1 drugs as a help or a hinderance to the category. DXCM 3M mountain In the quarter to date, Dexcom shares are down nearly 19%. Dexcom shares are down more than 7% year to date. TNDM 3M mountain Tandem Diabetes shares have fallen significantly this year.

Persons: Ozempic, Danielle Antalffy, Eli Lilly's Mounjaro, hasn't, Dexcom, Piper Sandler, Matt O'Brien, O'Brien, Paresh Dandona, semaglutide, Travis Steed, Steed, — CNBC's Michael Bloom Organizations: UBS, Nordisk's, Novo, New, of Medicine, Tandem Diabetes, Tandem Diabetes Care, Diabetes, Jacobs School of Medicine, Biomedical Sciences, University of Buffalo, Novo Nordisk's, Bank of America Locations: CGMs

But as it turns out, I was just not using my imagination, because this year’s Burning Man was an absolute nightmare. casey newtonA bit more of a Drowning Man than a Burning Man, I have to say. kevin rooseYeah, so as someone who’s been to Burning Man, I was fascinated by just the logistics of it all, because it is already a mess to get in and out of Burning Man. kevin rooseSo you are, in addition to a Burning Man escapee this year, you’ve been actually going to Burning Man for a long time. When I say I don’t know what happened, I don’t know what happened to prompt the things that were being directed at us.

Persons: casey newton, kevin roose, I’ve, KEVIN, casey newton It’s, you’ve, it’s, I’ll, casey newton What’s, kevin roose Bluetooth, Kevin Roose, ” casey newton, Casey Newton, Jonathan Greenblatt, Elon, Kevin, casey newton Oh, casey newton You, “ shay, denfreude, kevin roose Schadenfreude, shay, who’s, It’s — casey newton, casey newton That’s, Smart, casey newton Ugh, kevin roose —, casey newton Right, — casey newton, kevin roose What’s, casey newton Sure, ” casey newton Never, Adrian Aoun, He’s, ” adrian aoun, adrian aoun, Larry Page, Adrian, I’m, casey newton Amen, here’s, you’d, we’ve, you’re, Larry, roose, Max, Harry Potter, adrian aoun I’m, they’re, adrian aoun —, —, Rice Krispie, kevin roose Wow, let’s, adrian aoun Oh, adrian aoun She’s, She’s —, We’re, wrenches, hitchhike, I, Gerlach, kevin roose She’s, Y, It’s, They’re, — you’re, casey newton We’re, it’s Elon Musk, Elon Musk, Mark Zuckerberg, Donald Trump, West, kevin roose It’s, Casey, casey newton Well, Linda Yaccarino, Jonathan, kevin roose Jonathan, ” jonathan greenblatt, jonathan greenblatt, CHUCKLES, I’d, Linda, kevin roose You, Nick Fuentes, haven’t, Kevin —, that’s, what’s, we’re, casey newton I’ve, jonathan greenblatt I’m, We’ve, — what’s, Here’s, That’s, John, “, ”, CASEY, kevin roose Totally, Hank Green, Hank, ” Hank, hank, It’s Hank, Ben Shapiro, kevin roose Hank, Diana Dionisio, Diana, Snapchat, Jay Hepler, Jay, ” Casey, don’t, casey newton Really, casey newton I’m, Holly Godfrey, Holly, Kevin Scott, Kevin Scott’s, Bing, Rachel Cohn, Jen Poyant, Caitlin Love, Chris Wood, Dan Powell, Elisheba Ittoop, Marion Lozano, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresti, Jeffrey Miranda, CASEY CHUCKLES Organizations: The New York Times, Defamation League, porta, Electric, Google, Labs, Black Rock, casey newton Fair, Burning, Reno, Defamation, Elon, Labor, Twitter, Center, ADL, Nazi, Anti, Twitter’s Trust, Safety, OG, YouTube, Cato Institute, US, Microsoft, Kevins, Davis Locations: Nevada, La Habra , California, Spanish, East, Iraq, Coachella, Bay, Solano County, Toronto, San Francisco, Silicon Valley, Hogwarts, playa, Haiti, Dunkirk, ”, Gerlach, LA, New York, Reno, it’s Reno, America, Florida, chemo, Tokyo, That’s, hardfork@nytimes.com

☆ Offshore wind drops out of UK auction on costs, risking climate goals
▼ + stars: | 2023-09-08 | by ( Nora Buli | ) www.reuters.com time to read: +4 min

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. The result was bad news for Britain's 2050 net zero emissions target, which calls for 50 gigawatts (GW) of offshore wind capacity by 2030 versus around 14 GW now. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded, but developers did not even bid in the latest auction, the results of which were published on Friday. The lack of new offshore wind capacity would cost consumers 1 billion pounds a year, it added. Bid prices for renewable energy CfDs are expressed in 2012 money, with inflation meaning actual prices are higher.

Persons: Orsted, Phil Noble, Graham Stuart, Ed Miliband, Sweden's Vattenfall, Nora Buli, Miral Fahmy, Jason Neely Organizations: REUTERS, UK's Department for Energy Security, Turbine, Energy, Britain, Labour Party, Conservatives, Thomson Locations: Walney, Blackpool, Britain, OSLO, Oslo

☆ UK wind fail is catalyst for belated subsidy rejig
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 8 (Reuters Breakingviews) - Britain’s shaky ambitions to be the “Saudi Arabia of wind” now stand at a blustery crossroads. Developers had been warning for months that the UK’s latest offshore wind auction, divulged on Friday, would receive no takers. Britain could just focus on solar and onshore wind, which respectively received 1.9 gigawatts and 1.5 GW in the latest overall 3.7 GW auction. A 2022 auction saw offshore wind constitute two-thirds of a much chunkier 10.8 GW of power awarded. The very real prospect of zero wind schemes ought to be the kick up the backside UK politicians need to make the terms more appealing.

Persons: George Hay, Aimee Donnellan, Oliver Taslic Organizations: Reuters, X, Warner Bros Discovery, Thomson Locations: Saudi Arabia, Britain

And at the age of 68, I’m very fortunate in that I can do sort of one-off appearances now and then. It’s arduous.”Instead, Lennox plans on performing at more events like “ Time for Change,” a fundraiser for numerous nonprofits, including Rotary International’s End Polio Now initiative. Lennox will perform on the floor of the Colosseum on Sunday, accompanied only by a piano, as part of the benefit. Political Cartoons View All 1148 Images“We are surrounded by beauty, by art and by history,” Cecchini said of Italy. And, of course, if you can have an event with an artist performing, the potential is that it gets a higher profile.

Persons: — Annie Lennox, Dave Stewart, Lennox “ won’t, “ I’m, ” Lennox, I’m, Lennox, ”, Alberto Cecchini, ” Cecchini, Italy, ” Jennifer Jones, “, Jones, Bill Gates, I’ve Organizations: Hall of Fame, Associated Press, Rotary, Rotary International, Initiative, AP, Relief, Associated, Lilly Endowment Inc Locations: Italy

☆ Perseverance rover experiment creates oxygen on Mars for the final time
▼ + stars: | 2023-09-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

The microwave-size device called MOXIE, or Mars Oxygen In-Situ Resource Utilization Experiment, is on the Perseverance rover. The experiment kicked off more than two years ago, a few months after the rover landed on Mars. The instrument works by converting some of Mars’ plentiful carbon dioxide into oxygen. MOXIE works by dividing up carbon dioxide molecules, which include one carbon atom and two oxygen atoms. Lessons learned from the small MOXIE experiment can now be used to create a full-scale system that includes an oxygen generator that can also liquefy and store the oxygen.

Persons: MOXIE, “, ”, Trudy Kortes, we’ve, ‘, Pam Melroy, Michael Hecht Organizations: CNN, NASA, Technology, . Engineers, JPL, Caltech, Mars, Massachusetts Institute of Technology

LONDON, Sept 7 (Reuters) - BP (BP.L) launched on Thursday Britain's largest electric vehicle charging hub near Birmingham, capable of serving up to 180 cars. The hub, located on the intersection of three motorways in central England, includes 30 ultra-fast 300 kilowatt charging stations, which can add 100 miles (160.93 km)of driving range in 15 minutes, as well as 150 7kw slow-charging points. It is part of a plan to invest 1 billion pounds ($1.25 billion) this decade to build hundreds of EV charging hubs in the country, Akira Kirton, CEO of BP Pulse, the company's UK EV charging arm, told Reuters. BP Pulse uses 100% renewable power at its charging stations, Kirton said. EV charging is a central pillar in BP CEO Bernard Looney's energy transition plan, targeting returns of 15%.

Persons: Akira Kirton, Kirton, Bernard Looney's, Ron Bousso, Tomasz Janowski Organizations: EV, BP, Reuters, Thomson Locations: Birmingham, England

☆ UK house prices fall by most since 2009 as rate rises bite
▼ + stars: | 2023-09-07 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Halifax said house prices were 4.6% lower last month than in August 2022, when they were close to their peak. "House prices have proven more resilient than expected so far this year.... The Bank of England has raised interest rates 14 times since December 2021, taking rates to 5.25% in August. Rival mortgage lender Nationwide reported last week that house prices in August were 5.3% lower than a year earlier. Imogen Pattison, assistant economist at Capital Economics, said the bigger-than-expected fall in Halifax house prices supported the consultancy's forecast that house prices would drop a total of 10.5% by mid 2024.

Persons: Phil Noble, Halifax, Kim Kinnaird, Andrew Bailey, Imogen Pattison, David Milliken, Paul Sandle, Emelia Organizations: REUTERS, Halifax, Lloyds Banking Group, Bank of England, Nationwide, Capital Economics, Thomson Locations: Manchester, Britain, Halifax

Signage is seen inside the Lloyd's of London building in the City of London financial district in London, Britain, April 16, 2019. The answer to that is yes," Neal told Reuters in an interview. "Absent UN intervention and UN clearance, we would not sanction the insurance," Neal said. The Lloyd's market estimated loss, net of reinsurance, from the Ukraine conflict was 1.6 billion pounds ($2 billion), he added. Lloyd's recorded a first-half pre-tax profit of 3.9 billion pounds ($4.9 billion) versus a loss of 1.8 billion pounds in the first half of 2022, helped in part by higher premium rates.

Persons: Hannah McKay, John Neal, Neal, Beazley, Adrian Cox, Cox, Lloyd's, Beazley's Cox, Sinead Cruise, Jan Harvey Organizations: REUTERS, United Nations, NATO, Moscow, Reuters, UN, Aeroflot, Thomson Locations: London, City, Britain, Turkey, Russia, Ukraine, Taiwan, Moscow

☆ Jazz quintet Ezra Collective wins Mercury Prize
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] The winner of 2023 Mercury Prize, Ezra Collective, pose for a photograph at the Mercury Music Prize awards in London, Britain, September 7, 2023. REUTERS/Maja Smiejkowska Acquire Licensing RightsLONDON, Sept 7 (Reuters) - Ezra Collective on Thursday won the Mercury Prize for "Where I'm Meant to Be", the first jazz album to ever take home the British music award. Open to all musical genres, the Mercury Prize shortlists 12 albums released by British and Irish acts in the United Kingdom in the past year. by singer Jessie Ware, "Heavy Heavy" by Scottish group Young Fathers and experimental pop duo Jockstrap's debut "I Love You Jennifer B". ($1 = 0.8019 pounds)Reporting by Marie-Louise Gumuchian and Sarah Mills; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Ezra, Maja Smiejkowska, Femi Koleoso, TJ Koleoso, Joe Armon, Jones, James Mollison, Ife Ogunjobi, Loyle Carner, Raye, Emeli Sande, Steve McQueen, Ezra Collective's, Little, PJ Harvey, DJ Fred, J Hus, Jessie Ware, Jennifer B, Olivia Dean's, Hugo, Marie, Louise Gumuchian, Sarah Mills, Diane Craft Organizations: Mercury, REUTERS, Thursday, British, Kojey, Ezra, Young, Thomson Locations: London, Britain, United Kingdom

☆ India’s Chandrayaan lunar lander goes to seep
▼ + stars: | 2023-09-07 | by ( Jackie Wattles | ) edition.cnn.com time to read: +8 min

The Chandrayaan-3 spacecraft landed on the lunar surface on August 23. The Chandrayaan-3 lander is captured by NASA's Lunar Reconnaissance Orbiter, which is currently in orbit around the moon. The day after landing, the ISRO confirmed that the Chandryaan-3 lander had successfully deployed the six-wheeled lunar rover that had ridden to the surface tucked inside the spacecraft’s body. pic.twitter.com/1g5gQsgrjM — ISRO (@isro) August 26, 2023Together, the lander, which weighs about 1,700 kilograms (3,748 pounds), and the 26-kilogram (57.3-pound) rover are packed with nearly a dozen scientific instruments. Else, it will forever stay there as India’s lunar ambassador,” the ISRO posted on X.

Persons: Narendra Modi, NASA's, —, Luna, ove Organizations: CNN, Soviet Union, NASA's Goddard Space Flight, Arizona State University, Indian Space Research Organization, ISRO Locations: India, United States, China, Chandryaan, Russia

☆ Burmese pythons are being spotted farther and farther north in Florida and could reach other states, experts warn. 'It really does feel like an alien invasion,' one scientist said.
▼ + stars: | 2023-09-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +10 min

How Burmese pythons got from Asia to FloridaThe first definitive recording of a Burmese python in the Florida Everglades was in 1979. "Then I just developed this mantra over the years of don't underestimate the Burmese python," he said. Pythons have invaded the Florida Everglades and proven a formidable invasive species that may never be fully eradicated. While state-regulated programs have removed over 13,700 snakes from the Florida Everglades, they're usually the ones found near roads and canal levees. The biggest question researchers need to answer is how many Burmese pythons are actually in Florida at the moment.

Persons: Donnie Darko, Donnie, Ian Bartoszek, Bartoszek, Melissa Miller, Miller, doesn't, would've, he's, Joe Raedle, They've Organizations: Service, Conservancy, States Geological Survey, University of Florida, The Conservancy Locations: Florida, Wall, Silicon, Southwest Florida, States, Asia, Thailand, Myanmar, Vietnam, The, Okeechobee, Pacific, Oregon, Washington, Idaho, Canada, sawgrass

☆ Maine lobstermen are getting into the seaweed business as climate change threatens the catch
▼ + stars: | 2023-09-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Lobsters have long been a staple of the Maine economy, worth roughly $388 million last year alone, but climate change is putting the catch at risk. Now lobstermen and women, along with local entrepreneurs, are turning to a new and potentially even more lucrative staple: Seaweed. Seaweed is also a natural carbon sink, helping the ocean to absorb excess carbon dioxide from the atmosphere. Aquaculture in general, and seaweed in particular, is an essential economic driver for the state of Maine. Atlantic Sea Farms works with 27 lobstermen up and down the coast.

Persons: Bri Warner, Warner, Gamble Organizations: Toyota, Procter, Gamble, Gillette, CNBC, Kroger Locations: Maine, The, Portland , Maine

☆ Lotus launches electric GT model as mass expansion plan rolls on
▼ + stars: | 2023-09-07 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

[1/4] British sports car maker Lotus unveils its new fully-electric “hypercar” in New York City, U.S., September 7, 2023. Johnstone said with Emeya, Lotus is targeting people "looking for something different in an electrified GT-style sports car." Since its founding in 1948, Lotus typically made 5,000 cars a year, but funded by Geely and Etika, the company has planned a massive expansion. Lotus Technology, which includes Lotus Cars, is also due to go public this year via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp (LCAA.O). Geely also plans to turn the London Electric Vehicle Company, which makes iconic black taxis, into a high-volume, all-electric brand.

Persons: Caitlin Ochs, Mike Johnstone, Johnstone, Emeya, Geely, Nick Carey, Susan Fenton Organizations: Lotus, REUTERS, HK, Automotive, Reuters, Geely, Lotus Technology, Asia, Corp, Volvo, London Electric Vehicle Company, Thomson Locations: British, New York City, U.S, New York, Wuhan, China, Tesla

☆ Lloyd's of London swings to first-half profit
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

The interior of the Lloyd's of London building is seen in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay//File Photo Acquire Licensing RightsLONDON, Sept 7 (Reuters) - Lloyd's of London (SOLYD.UL) swung to a first-half pre-tax profit of 3.9 billion pounds ($4.88 billion), helped by rises in premium rates and positive investment returns, the commercial insurance market said on Thursday. Lloyd's recorded a loss of 1.8 billion pounds for the same period a year ago. The COVID-19 pandemic, Ukraine war, inflation and climate change-fuelled natural catastrophes have helped insurers and reinsurers to raise premiums, improving their profits. Lloyd's saw a net investment return of 1.8 billion pounds, compared with a loss of 3.1 billion pounds a year earlier.

Persons: Hannah McKay, Lloyd's, ”, John Neal, Carolyn Cohn, Sharon Singleton Organizations: REUTERS, Global, Thomson Locations: London, City, Britain, Ukraine

☆ Carlyle weighs options for 'RuneScape' creator Jagex, sources say
▼ + stars: | 2023-09-07 | by ( Amy-Jo Crowley | ) www.reuters.com time to read: +1 min

LONDON, Sept 7 (Reuters) - Carlyle (CG.O) is weighing options for its UK video games maker Jagex, a business which could be valued as high as 1 billion pounds ($1.25 billion), two people familiar with the matter told Reuters. The sources cautioned a deal is not certain and subject to market conditions, asking not to be identified because the matter is confidential. Jagex, Morgan Stanley and Aream did not immediately return requests for comment. Carlyle, which has $376 billion under management, bought Jagex from the U.S. holding firm Macarthur Fortune Holding in January 2021 for a reported $530 million. It could fetch up to 15x EBITDA, or between 900 million pounds and 1 billion pounds, in the event of a sale, they added.

Persons: Carlyle, Morgan Stanley, Jagex, Aream, Amy, Jo Crowley, Sharon Singleton Organizations: Reuters, The U.S, Aream, Macarthur Fortune Holding, Financial Times, Thomson Locations: Cambridge

☆ Thomson Reuters, Blackstone, others to sell $2.9 bln LSEG shares
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville Acquire Licensing RightsSept 6 (Reuters) - Investors in the London Stock Exchange Group (LSEG.L), including Blackstone (BX.N) and Thomson Reuters (TRI.TO), (TRI.N), are launching a sale of roughly 28.3 million shares worth about 2.3 billion pounds ($2.9 billion), bookrunners said on Wednesday. The consortium, which includes Canada's CPPIB and Singapore's GIC, intends to sell a total of about 43.1 million shares over time in the bourse operator. Thomson Reuters, parent of Reuters News, holds a minority stake in LSEG. ($1 = 0.8002 pounds)Reporting by Pushkala Aripaka in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, bookrunners, Singapore's GIC, Pushkala Organizations: London Stock Exchange, REUTERS, Blackstone, Thomson Reuters, Reuters, Thomson Locations: Canary Wharf, London, Britain, bourse, LSEG, Bengaluru

It forecasts that Britain, with a 2030 fossil-fuel car sale ban, could be short 25,000 EV technicians by 2032. And Australia could be 9,000 EV technicians short by 2030, the Victorian Automotive Chamber of Commerce predicts. CEO Lawrence Whittaker said Warrantywise must use expensive franchise dealers to fix EVs because they more often have qualified technicians than independent shops. Customers lacking EV repair options already come from far afield. The IMI estimates 20% of UK automotive technicians have received some EV training, but only 1% are qualified to do more than routine maintenance.

Persons: Rex Nielsen, Mark Syvret, Renault Zoe, Nick Carey, Roberto Petrilli, Lawrence Whittaker, Warrantywise, Mark Darvill, Darvill, Hillclimb's, Addison Lee, Andrew Wescott, Tesla, Daniel Brown, Germany's Lucas, David Etzwiler, Etzwiler, Collin Jennings, Jennings, Steve Nash, Nicholas Wyman, you'll, Aurora Ellis Organizations: Renault, REUTERS, EV, Motor Industry, of Labor Statistics, Victorian Automotive Chamber, Commerce, Auto, Reuters, UK, Tesla, IMI, Siemens Foundation, Traders ' Association of New, MTA NSW, U.S . Institute, Workplace, Thomson Locations: Ash Vale, Britain, DETROIT, MILAN, England, Milan, Melbourne, Malibu, Italy, Hertford, China, India, Europe, United States, Australia, High Wycombe, London, Traders ' Association of New South Wales, NSW

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