DIRS.INFO The most relevant business & tech news

The Transamerica Pyramid building is seen as tourists ride a cable car in downtown San Francisco, California, U.S., July 7, 2023. San Francisco has been waging for years a multi-pronged war on drugs and related crime, homelessness and unaffordable housing. "They do this for the Superbowl, they do this for conferences ... but nothing ends homelessness like a home," Boden said. The city has a homelessness rate of 887 people per 100,000 residents, according to a 2023 report from the San Francisco controller's office on 16 American cities. Reporting by Peter Henderson and Anna Tong in San Francisco; Editing by Sayantani Ghosh and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, Joe Biden's, Christopher Crandall, he'd, He'd, Gavin Newsom, Biden, China's Xi, Paul Boden, " Boden, Tesla, Elon Musk, Trevor Chandler, I’ve, Peter Henderson, Anna Tong, Sayantani Ghosh, Stephen Coates Organizations: REUTERS, FRANCISCO, Economic Cooperation, United Nations, Police, APEC, Western Regional Advocacy, San, Fox News, Twitter, Thomson Locations: San Francisco , California, U.S, Asia, San Francisco, California, Francisco, Oakland, Los Angeles

It also slightly raised its 2023 forecast for growth in global oil demand and stuck to its relatively high 2024 prediction. Last week, oil prices slid to their lowest level since July, hurt by concerns that demand could wane in in top oil consumers U.S. and China. A U.S. crackdown on Russian oil exports could potentially disrupt supply, supporting prices further. Iraq's oil minister expects to reach an agreement with the Kurdistan Regional Government and foreign oil companies to resume oil production from the Kurdish region's oilfields and resume northern oil exports through the Iraq-Turkey pipeline. Focal points for the market include the International Energy Agency's latest monthly oil market report later in the day.

Persons: Dun Jiao, Tatiana Meel, Leon Li, Emily Chow, Edwina Gibbs, Stephen Coates Organizations: REUTERS, Rights, Brent, ING, Organization of, Petroleum, Strategic Petroleum Reserve, U.S . Treasury Department, Kurdistan Regional Government, of Commerce, International Energy, APEC, Markets, Thomson Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, China, Washington, Moscow, Iraq, Kurdish, Turkey, Shanghai

☆ Spanish government in talks with banks to support Siemens Gamesa
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsMADRID, Nov 14 (Reuters) - The Spanish government said on Tuesday it is working with banks to provide financial support to Siemens Gamesa, with the ultimate aim of protecting the workers the company employs in the country. "The future of Siemens Gamesa in Spain is a priority for the government," the Industry Ministry said in a statement. Siemens Gamesa has provided wind turbines to some of the biggest power companies and oil and gas majors worldwide and has warned troubles with its onshore wind turbines could take years to resolve. In Spain, the industry minister considers the government has several avenues of funding and support for the wind industry in the short term.

Persons: Dado, Siemens Gamesa, Corina Pons, Stephen Coates Organizations: Siemens Energy, REUTERS, Rights, Siemens Gamesa, Industry Ministry, Siemens, Thomson Locations: Rights MADRID, Germany, Spain

☆ Boeing sets sights on annual airplane delivery target after slow October
▼ + stars: | 2023-11-14 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

[1/2] An aerial view of several Boeing 737 MAX airplanes parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. Delivery numbers are typically largest in the final months of the year as planemakers race to meet annual goals. Boeing slowed 737 deliveries in August after the discovery of a supplier defect involving misdrilled holes on some aircrafts' aft pressure bulkhead. Boeing booked 123 gross orders last month, bolstered by a deal with Southwest Airlines (LUV.N) for 111 MAXs. Boeing's gross orders since the start of January rose to 971, or 841 net orders after factoring in cancellations and conversions and 1,066 net orders after accounting adjustments.

Persons: Lindsey Wasson, Dave Calhoun, Argentinas, Valerie Insinna, Stephen Coates Organizations: Boeing, King County International Airport, Boeing Field, REUTERS, Rights, planemaker, Airbus, U.S . Navy, Southwest Airlines, Thomson Locations: Seattle , Washington, U.S

☆ Heavy machinery brought in to pull out Indian workers from collapsed tunnel
▼ + stars: | 2023-11-14 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

Members of rescue teams are pictured during a rescue operation after a portion of an under-construction tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, October 13, 2023. Uttarakhand State Disaster Response Force/Handout via REUTERS Acquire Licensing RightsLUCKNOW, India, Nov 14 (Reuters) - Excavators began drilling with heavy machinery on Tuesday to fix a wide steel pipe that will help pull out almost 40 Indian workers trapped inside a collapsed Himalayan highway tunnel that caved in two days ago in the north Indian state of Uttarakhand. Patwal said it was not easy to ascertain the time required to pull out the workers. But some work has been halted by local authorities after hundreds of houses were damaged by subsidence along the routes, including in Uttarakhand. Reporting by Saurabh Sharma in Lucknow and Tanvi Mehta in New Delhi; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Devendra Singh Patwal, Patwal, Char, Narendra Modi's, Saurabh Sharma, Tanvi Mehta, Stephen Coates Organizations: Disaster, REUTERS Acquire, Thomson Locations: Uttarkashi, Uttarakhand, India, LUCKNOW, North India, Lucknow, New Delhi

Democratic Senator Ben Cardin wrote to Biden to push for immediate freedom for Mark Swidan, Kai Li and David Lin, whom the U.S. government has classified as wrongfully detained in China. Families of Americans the U.S. government has classified as wrongfully detained in China have also repeatedly urged the government to prioritize the release of their loved ones in talks with Chinese officials. Ambassador to China Nicholas Burns about her son Mark over the weekend, but called the conversation "disappointing" because Burns would not say whether Biden would raise Mark’s name with Xi. A State Department spokesperson commented that the department has no greater priority than the safety and security of U.S. citizens and noted that it continually raises wrongfully detained U.S. nationals during engagements with senior Chinese officials. Reporting by Patricia Zengerle and Michael Martina; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Ben Cardin, Craig Hudson, Joe Biden, Xi Jinping, Biden, Mark Swidan, Kai Li, David Lin, Xi, Cardin, Katherine Swidan, China Nicholas Burns, Mark, Burns, Patricia Zengerle, Michael Martina, Stephen Coates Organizations: Senate Foreign, U.S, Capitol, REUTERS, Rights, U.S . Senate Foreign, Reuters, Democratic, Economic Cooperation, State, Thomson Locations: Washington , U.S, China, Asia, San Francisco, United, United States, U.S

☆ Europe primed for industrial reboot after key power price deals
▼ + stars: | 2023-11-14 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

LITTLETON, Colorado, Nov 14 (Reuters) - Mainland Europe's two largest economies have reached key power price deals this month that should set the stage for increased power consumption by industry from 2024 onwards. Higher power and industrial output will in turn likely generate higher total emissions, even amid ongoing efforts to deploy more clean energy throughout Europe's power systems. Both power deals aim to reduce costs and boost energy supplies to households and businesses next year, and will likely spur a rise in total power consumption across Europe following a rare contraction in Europe's power use so far in 2023. Power output from fossil fuels also dropped by around 10% through October, while power generation from clean sources rose by 3.6% to result in a 2.4% decline in Europe's total power generation through the first 10 months of the year. Europe's power generation and power sector emissions dip in 2023Europe's power emissions look set to rebound in 2024 if overall power output increases, as more generation from power plants fuelled by natural gas and coal will be needed alongside greater generation from renewable sources to ensure higher stable power supplies to consumers.

Persons: Gavin Maguire, Stephen Coates Organizations: EDF, FOCUS, Eurasia Group, Reuters, Thomson Locations: LITTLETON , Colorado, Germany, Ukraine, Europe, France, Eurasia

☆ Brokerage firm BTIG accuses rival StoneX of stealing technology
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Nov 13 (Reuters) - U.S. brokerage firm BTIG on Monday filed a lawsuit against rival StoneX Group Inc (SNEX.O), accusing it of stealing trade secrets, and sought at least $200 million in damages. "Defendant StoneX recruited a team of BTIG traders and software engineers to exfiltrate BTIG software code and proprietary information and take it to StoneX," lawyers for BTIG wrote in the suit filed in the California Superior Court, San Francisco County. StoneX used the software code and proprietary information to build competing products and business lines "that generate tens of millions of dollars annually," they said. StoneX did not immediately respond to a Reuters' request for comment outside of regular business hours. BTIG's lawyers also requested the court issue an injunction to prevent StoneX from using or disclosing BTIG's trade secrets or other proprietary information.

Persons: Defendant StoneX, BTIG, StoneX, Akanksha, Blake Brittain, Stephen Coates Organizations: StoneX, California Superior Court, Thomson Locations: California, San Francisco County, Bengaluru, Washington

Buy With Prime, which launched in 2022, gives retailers who are not Amazon merchants fulfillment and delivery through its logistics network. Its newest features aim to pull in fee revenue from shops outside of Amazon.com during the peak holiday season. Along with speedy deliveries, Prime shoppers can now return items purchased through Buy With Prime outside of Amazon.com without shipping labels and boxes. Amazon also announced that Prime customers who buy from Buy With Prime merchants can now see their order history on their apps and have 24-hour access to customer service representatives. Amazon last week launched a Shopify app for Buy With Prime, giving the Canadian e-commerce giant's 2 million merchants access to Amazon's 175 million Prime members.

Persons: Brendan McDermid, Peter Larsen, Arriana McLymore, Stephen Coates Organizations: REUTERS, Amazon.com, National Retail Federation, Amazon, Thomson Locations: Staten Island , New York, U.S, New York City

☆ South Korea's Yoon to Warn APEC About Risks From North Korea-Russia Ties
▼ + stars: | 2023-11-14 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Yoon has criticised what he called illegal cooperation between North Korea and Russia, describing it as a "serious threat" to regional security in an interview with the Associated Press this week. Washington has said North Korea is supplying military equipment to Russia for use in its war with Ukraine, while Moscow is providing technical support to help North Korea advance its military capabilities. North Korea and Russia have denied any arms deals, though their leaders pledged closer military cooperation at their September summit. In San Francisco, Blinken held talks with his South Korean and Japanese counterparts on Tuesday and vowed a coordinated response to the North Korea-Russia cooperation. South Korea and China are also in talks for a possible meeting between their leaders, Seoul's foreign ministry said.

Persons: hyang Choi SEOUL, Yoon Suk, Yoon, Antony Blinken, Defense Lloyd Austin, Austin, Washington, Alexander Kozlov, Blinken, Fumio Kishida, Soo, hyang Choi, Ed Davies, Stephen Coates Organizations: APEC, Economic Cooperation, Associated Press, U.S, Defense, China, South, Economic, Japanese, Stanford University Locations: United States, North Korea, Russia, San Francisco, Gaza, Ukraine, Seoul, Moscow, Korea, Russian, Pyongyang, South Korea, China

The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. But Fisker was limited by its delivery and service infrastructure rather than production and demand. "We have not been able to follow through with deliveries fast enough," CEO Henrik Fisker said on the call. "In the course of completing the preparation of the report, the company determined that it has material weaknesses in the company's internal control over financial reporting," Fisker said. The EV company reported a loss of $91 million, missing analysts' estimates for a loss of $75 million, according to Visible Alpha.

Persons: Stephane Mahe, Fisker, Geeta Fisker, Tesla, Elon, Henrik Fisker, Samrhitha Arunasalam, Jaiveer Singh Shekhawat, Akash Sriram, Abhirup Roy, Shounak Dasgupta, Stephen Coates Organizations: Fisker, REUTERS, Ford, General Motors, EV, Alpha, stoke, Revenue, Thomson Locations: Paris, France, U.S, Canada, Austrian, Bengaluru, San Francisco

REUTERS/Brendan McDermid Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - Shares of financial services firm B. Riley (RILY.O) plummeted nearly 35% on Monday, extending losses for the fourth consecutive session, after it disclosed unrealized investment losses and S&P Global Ratings downgraded a key asset. That markdown resulted in B. Riley reporting a net loss of $75.8 million in the third quarter, compared with a profit of $45.8 million a year earlier. "We do not believe that the recent movement in our share price is warranted based on the fundamental strength and performance of our diversified platform," a B. Riley spokesperson said in a statement. B. Riley has also been targeted by a short seller. "Although B Riley attempted to address short seller concerns on their recent earnings call, the information they provided was limited," said Rick Meckler, partner at Cherry Lane Investments.

Persons: Brendan McDermid, Riley, Brian Kahn, Kahn, John Hughes, Bryant Riley, Rick Meckler, Meckler, Chibuike Oguh, Medha Singh, Niket, Deepa Babington, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Reuters Graphics, Group's, Bloomberg, Reuters, Wolfpack Research, Cherry Lane Investments, Thomson Locations: New York City, U.S, Los Angeles, New York

☆ Calida Rawles: The painter submerging viewers into hyperrealistic water worlds
▼ + stars: | 2023-11-13 | by ( Suyin Haynes | ) edition.cnn.com time to read: +8 min

CNN —Calida Rawles has been thinking a lot about light and darkness, in her artwork and beyond. The artworks are newly on display at Lehmann Maupin in New York, marking Rawles’ first major solo exhibition on the East Coast. “If I’m upset and I get to go to the ocean, I do sit back and feel more connected to something larger when I’m there," the artist Calida Rawles told CNN. Calida Rawles' cover artwork for "The Water Dancer." “But it’s all in the name of art!”And yet while the importance of water remains central to Rawles’ work, “A Certain Oblivion” also plays with different themes, in terms of form, process and subject matter.

Persons: Calida Rawles, Roe, Wade, ”, Rawles, Lehmann Maupin, “, ” Rawles, Marten Elder, Françoise Vergès, they’re, ” “ We’re, Skye, Sage, I’m, Lilith, Adam, “ We’re, you’re Organizations: CNN Locations: Los Angeles, New York, East, Sienna, Hong Kong, Seoul, London, Eden

☆ Volkswagen to cut administrative personnel costs 20% in savings drive -Handelsblatt
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsBERLIN, Nov 13 (Reuters) - Volkswagen (VOWG_p.DE) plans to cut administrative personnel costs by a fifth as part of a cost-cutting package to save 10 billion euros ($10.8 billion) by 2026, the Handelsblatt daily reported on Monday, citing an internal company podcast. Gunnar Kilian, Volkswagen's board member for human resources, said in conversation with VW brand chief Thomas Schaefer that the cuts would focus on cost reduction rather than headcount, according to the Handelsblatt report. The specific details of the drive at Volkswagen's passenger car brand, announced in June and currently being defined in talks between management and the workers council, are due to be set by December. Volkswagen has signed an agreement with the workers council to secure jobs until 2029, and the council has repeatedly said it will not allow changes to that agreement. Reporting by Victoria Waldersee, Christina Amann; Writing by Victoria Waldersee, Miranda Murray; Editing by Stephen Coates and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Fabian Bimmer, Gunnar Kilian, Volkswagen's, Thomas Schaefer, Victoria Waldersee, Christina Amann, Miranda Murray, Stephen Coates, Bernadette Baum Organizations: VW, REUTERS, Rights, Volkswagen, Reuters, Thomson Locations: Wolfsburg, Germany

The logo of Australian energy company Origin is pictured in Melbourne, Australia, July 3, 2016. REUTERS/Jason Reed/File Photo Acquire Licensing RightsSYDNEY, Nov 13 (Reuters) - Australian pension fund AustralianSuper said on Monday it had rejected an "eleventh hour" offer from a Brookfield-led consortium and its partner EIG to drop its opposition to their $10.5 billion bid for Origin Energy and join the takeover. AustralianSuper said it was Origin Energy's largest shareholder, but did not specify the size of its stake as it has done in previous releases. Brookfield argues its bid, which comes with the commitment of A$20 to A$30 billion worth of investment, will decarbonise Origin Energy faster than if the company remains in public hands. However, AustralianSuper said on Monday it was also open to stumping up cash to fund Origin's transition.

Persons: Jason Reed, AustralianSuper, EIG, Luke Edwards, Lewis Jackson, Alasdair Pal, Stephen Coates Organizations: REUTERS, Rights, Origin Energy, Financial, Brookfield, Renewable, Thomson Locations: Melbourne, Australia, Brookfield, Sydney

SYDNEY, Nov 13 (Reuters) - Australia's financial position will be more precarious and credit rating at risk should the government succumb to the temptation to spend the sovereign wealth fund on political projects, its outgoing chair said in a speech on Monday. The A$205 billion ($130 billion) Future Fund will come under pressure to fund state priorities as an aging population reduces taxpayers and consumes a larger chunk of spending, Chairman Peter Costello said on Monday at a UBS conference in Sydney. "As government's financial position declines, I expect we'll see more plans to spend it," he said. "Once it is spent there is nothing to offset government sovereign debt, unfunded pension and unfunded military claims. Once it is spent the pressure to raise taxes and borrow more will accelerate."

Persons: Peter Costello, Costello, telco, Lewis Jackson, Stephen Coates Organizations: SYDNEY, UBS, Labor, Liberal, Australia's AAA, telco Telstra, Thomson Locations: Sydney, China

LOS ANGELES, Nov 13 (Reuters) - Investigators have determined arson caused the weekend fire that heavily damaged an elevated stretch of a downtown Los Angeles freeway, forcing its indefinite closure and setting the stage for prolonged traffic turmoil, state officials said on Monday. [1/7]Crew members work in the area, where a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. Newsom identified the leaseholder for state-owned property beneath the freeway that burned as Apex Development Inc, based in Calabasas, California, north of Los Angeles. Newsom on Sunday proclaimed a state of emergency in Los Angeles County in order to expedite repairs to the freeway. Reporting by Steve Gorman in Los Angeles and Daniel Trotta in Carlsbad, California; additional reporting by Rich McKay in Atlanta and Lisa Baertlein in Los Angeles; Editing by Jonathan Oatis and Stephen Coates and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Gavin Newsom, Newsom, Daniel Berlant, Berlant, Karen Bass, Laura Rubio, Rubio, Cornejo, Jorge Garcia, Bass, Steve Gorman, Daniel Trotta, Rich McKay, Lisa Baertlein, Jonathan Oatis, Stephen Coates, Miral Organizations: ANGELES, downtown, Transportation Department, REUTERS, Engineers, Apex Development Inc, Apex, Sunday, Los Angeles Times, Thomson Locations: Los Angeles, California, Santa Monica, downtown L.A, Los Angeles , California, U.S, Calabasas , California, Los Angeles County, Carlsbad , California, Atlanta

☆ Greek state bank bailout fund sells 9% of Alpha bank to Unicredit
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

ATHENS, Nov 13 (Reuters) - Greece's state-controlled bank bailout fund HFSF said on Monday it sold its 9% stake in Alpha Bank (ACBr.AT) to UniCredit after an improved bid by the Italian bank. UniCredit (CRDI.MI) announced last month it would become Alpha Bank's biggest investor by buying a 9% stake owned by Greece's HFSF and also agreed to acquire most of Alpha's Romanian business. Greece has been attracting significant investment as its economy strengthened after the crisis, prompting S&P Global to upgrade the country to investment grade in October. HFSF sold last month its 1.4% stake in Eurobank and is expected to proceed with the sale of about 20% of National Bank in next coming days. Reporting by Lefteris Papadimas; Editing by Tom Hogue and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: HFSF, Greece's HFSF, UniCredit, Lefteris Papadimas, Tom Hogue, Stephen Coates Organizations: Alpha Bank, Alpha, Athens Stock Exchange, Global, National Bank, Thomson Locations: ATHENS, Italian, Romanian, Greece, Eurobank

☆ APEC's growth to slow as persistent inflation, US-China tensions weigh-report
▼ + stars: | 2023-11-13 | by ( David Lawder | ) www.reuters.com time to read: +3 min

The APEC GDP growth rate will average 2.9% in 2025 and 2026, below the global average of 3.2% and 3.5-3.6% in the rest of the world. Taming inflation could require more monetary policy tightening, slowing growth further. Trade volume growth for goods is set to rebound next year among APEC countries after a largely flat 2023 due to China's sluggish growth, rising to 4.3% for goods exports and 3.5% for goods imports. The data shows "how important it is to re-engage, de-risk and avoid decoupling" of the U.S. and Chinese economies. "I think a stable relationship within U.S. and China is a win-win situation for everyone," Kuriyama said.

Persons: Janet Yellen, Mark Schiefelbein, Carlos Kuriyama, Joe Biden, Xi Jinping, Kuriyama, David Lawder, Stephen Coates Organizations: Treasury, Lifeng, FRANCISCO, Asia Pacific Economic Cooperation, APEC, Unit, U.S, Thomson Locations: Beijing, China, Asia, San Francisco, U.S

☆ GPU tech supplier Imagination Technologies lays off 20% of staff -sources
▼ + stars: | 2023-11-13 | by ( Max A. Cherney | ) www.reuters.com time to read: +1 min

The headquarters of technology company Imagination Technologies is seen on the outskirts of London, Britain, June 22, 2017. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsNov 13 (Reuters) - Chip technology design maker Imagination Technologies plans to lay off 20% of the company’s staff, according to sources familiar with the matter. The cuts are company-wide and every unit will be affected, according to one of the sources. Imagination Tech is owned by the private equity firm Canyon Bridge, which is backed by the Chinese state-owned China Reform holdings. For last year, Imagination reported profit before tax of £17 million ($20.9 million) on revenue of £120.3 million, according to filings.

Persons: Hannah McKay, Imagination, Max A, Chris Reese, Stephen Coates Organizations: Imagination Technologies, REUTERS, Apple, Reuters, Arm Holdings, Imagination Tech, China Reform, Imagination, Thomson Locations: London, Britain, China, San Francisco

That pushed net profit from the bank's institutional unit up 53% to overtake its retail unit, by dollar value, in the year to September, and helped the Melbourne-listed company grow overall profit 14% to A$7.4 billion ($4.7 billion), just missing a Visible Alpha consensus forecast of A$7.56 billion. But analysts expressed concern about a faster-than-expected narrowing of profit margin from the bank's retail unit, the only one of Australia's so-called big four lenders that has persisted with offering cash handouts to lure mortgage customers looking for a cheaper deal. The logo of the ANZ Bank is seen at Lambton Quay, in Wellington, New Zealand November 10, 2022. ANZ CEO Shayne Elliott denied forgoing margin to grow mortgages faster than the market, and challenged comments from other banks that have said they were intentionally slowing mortgage growth while competition eroded profit. ANZ declared a final dividend of 94 Australian cents per share, up from 74 cents a year ago.

Persons: NIM, Lucy Craymer, Shayne Elliott, we've, Byron Kaye, Rishav Chatterjee, Roushni Nair, Lisa Shumaker, Stephen Coates Organizations: ANZ, Westpac, National Australia Bank, midsession, ANZ Bank, REUTERS, UBS, Thomson Locations: Melbourne, Lambton Quay, Wellington , New Zealand, Sydney, Bengaluru

[1/4] Taiwan's President Tsai Ing-wen poses for a photo with Taiwan's APEC representative and TSMC founder Morris Chang at a press conference in Taipei, Taiwan November 10, 2023. REUTERS/Ann Wang Acquire Licensing RightsTAIPEI, Nov 10 (Reuters) - Taiwan will stress the importance of peace in the region at next week's APEC summit, President Tsai Ing-wen said on Friday, one of the few international bodies both Taiwan and China are members of and where their officials meet. The 21-member Asia-Pacific Economic Cooperation (APEC) forum will meet in San Francisco for the 30th APEC summit, the first hosted by the United States since 2011. Neither the president nor Chang, representing Tsai for the sixth time at an APEC summit, took questions. Chang, 92, had a brief chat with Xi at last year's APEC summit in Bangkok, a rare high-level interaction.

Persons: Tsai Ing, Morris Chang, Ann Wang, Tsai, Chang, Xi, Sarah Wu, Ben Blanchard, Stephen Coates Organizations: Taiwan's APEC, REUTERS, Rights, APEC, Economic Cooperation, TSMC, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Asia, San Francisco, United States, Beijing, pleasantries, Chang, Bangkok

☆ Biden to meet Xi on Wednesday in San Francisco Bay area, US says
▼ + stars: | 2023-11-10 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

U.S. President Joe Biden shakes hands with Chinese President Xi Jinping as they meet on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. The closely watched interaction, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the San Francisco Bay area, could last hours and involve teams of officials from Beijing and Washington. The Chinese foreign ministry said on Friday that Xi would visit the United States Nov. 14-17, attend the APEC summit and meet with Biden. Biden and Xi will speak across oceans of ideological difference for the first time since November 2022. Biden is expected to tell Xi that U.S. commitments in the Indo-Pacific are unchanged.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Biden, Mao Zedong, Trevor Hunnicutt, Heather Timmons, Stephen Coates, Chizu Organizations: REUTERS, Rights, Economic Cooperation, Biden, White House, APEC, NATO, Diplomats, U.S, Thomson Locations: Bali , Indonesia, Asia, San Francisco Bay, Beijing, Washington, Israel, Ukraine, North, Russia, Taiwan, China, United, U.S, Northern California, Europe, United States, Taiwan Strait, South China, East China, Philippines, Iran

Casino resort operators have been earning record profits from a steady post-pandemic recovery in Las Vegas tourism. Caesars Entertainment (CZR.O), the second-biggest Las Vegas casino operator by number of employees, said the deal provides "meaningful wage increases" and aligns with plans to bring more union jobs to the Strip. Visits to the city in September were 4% lower than in the same period in 2019, according to data from the Las Vegas Convention and Visitors Authority. The city is gearing up for events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw thousands of tourists. TALKS WITH MGM, WYNN CONTINUETalks with casino operators MGM Resorts International (MGM.N) and Wynn Resorts (WYNN.O) are yet to yield an agreement ahead of Friday's deadline for a strike.

Persons: Steve Marcus, Ted Pappageorge, we've, Pappageorge, Erik Gordon, Daniel Busby, WYNN, William Hornbuckle, Wynn, Barry Jonas, Jonas, Shivansh Tiwary, Ananta Agarwal, Rod Nickel, Stephen Coates Organizations: Caesars Entertainment Corp, REUTERS, Las Vegas Sun, Caesars Entertainment, Culinary Workers, Bartenders Unions, Culinary Union, Las, housekeepers, Las Vegas Convention, Visitors Authority, Las Vegas, Companies, University of Michigan, Paris Las Vegas, Caesars, MGM, MGM Resorts International, Wynn Resorts, Wynn, Vegas . Caesars, Thomson Locations: Las Vegas , Nevada, Las Vegas, Vegas, United States, Vegas ., Bengaluru, Doyinsola, New York

☆ US Senate votes to reject 'Buy America' EV charging waiver
▼ + stars: | 2023-11-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The White House argued the Republican bill would eliminate entirely the domestic manufacturing requirement for government-funded electric vehicle (EV) chargers "thereby harming domestic manufacturing and American jobs." Congress has set aside $7.5 billion to fund electric vehicle charging stations. The White House said the bill to rescind the waiver would also overturn the FHWA decision to extend Buy America rules to EV chargers. As a result, the 1983 Reagan administration decision to exempt manufactured products from Buy America requirements would again apply, meaning EV chargers would not be covered by any Buy America requirements, the White House said. Rubio said the waiver would allow government funds to "go into the hands of Chinese companies to build electric vehicle charging stations."

Persons: Joe Biden, Leah Millis, Joe Biden's, White, Sherrod Brown, Joe Manchin, Jon Tester, Kyrsten Sinema, Biden, Reagan, Marco Rubio, Rubio, David Shepardson, Marguerita Choy, Stephen Coates Organizations: Amtrak, REUTERS, Rights, U.S, Senate, Federal Highway Administration, Republican, EV, Thomson Locations: Bear , Delaware, U.S, America

Search resuls for: "" Coates"

25 mentions found