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☆ 'Vote of confidence': UK hails $37 billion of foreign investment
▼ + stars: | 2023-11-26 | by ( Alistair Smout | ) www.reuters.com time to read: +5 min

Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. It added that Spanish power giant Iberdrola (IBE.MC) would add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks. France has overtaken Britain as the European country with the highest number of new FDI projects. President Emmanuel Macron announced 13 billion euros ($14 billion) of investment commitments in France at a similar FDI gathering in May. "It wants to deal with one person," investment minister Dominic Johnson told Reuters, adding ministers could then have "very strong, frank discussions with the international investment community about how we can make the environment more investable".

Persons: Rishi Sunak, Kemi Badenoch, Sunak's, Iberdrola, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Amanda Blanc, Dominic Johnson, IFM, King Charles, William Schomberg, Alistair Smout, Louise Heavens, Mark Potter Organizations: British, Global Investment, Business, IFM, Microsoft, Blackstone, LBC, Nissan, Reuters, Thomson Locations: Hampton, East Molesey, Surrey, Britain, France, Germany, England, Buckingham

☆ Israeli-linked chemical tanker seized in Gulf of Aden, US official, vessel company say
▼ + stars: | 2023-11-26 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +3 min

RIYADH, Nov 26 (Reuters) - Unidentified armed individuals have seized a tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, the vessel's managing company and a U.S. defence official said. It followed a seizure of an Israeli-linked cargo ship by Yemen Houthis, allies of Iran, in the southern Red Sea last week. The group, which also fired ballistic missiles and armed drones at Israel, vowed to target more Israeli vessels. "U.S. and coalition forces are in the vicinity and we are closely monitoring the situation," the U.S. official said. Central Park, a small chemical tanker (19,998 metric tons), is managed by Zodiac Maritime Ltd, a London-headquartered international ship management company owned by Israel's Ofer family.

Persons: Yemen Houthis, Israel's Ofer, rampaged, Aziz El Yaakoubi, William Schomberg, David Goodman, Louise Heavens Organizations: Palestinian, Hamas, U.S, Zodiac Maritime, Liberian, Clumvez Shipping Inc, Britain's Maritime Trade Operations, Thomson Locations: RIYADH, Gulf, Aden, U.S, Central, Israel, Yemen, Iran, London, Somalia, Turkish, Tehran, Israeli, Gaza

☆ Hamas seeks to extend truce with Israel with some conditions
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: 1 min

Nov 26 (Reuters) - Hamas announced in a statement on Sunday that it is seeking to extend its four-day truce with Israel should serious efforts be made to increase the number of Palestinian detainees released from Israel. Reporting by Nidal Al Mughrabi, Writing by Ahmed Tolba and Adam Makary, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Nidal Al Mughrabi, Ahmed Tolba, Adam Makary, Louise Heavens Organizations: Hamas, Thomson Locations: Israel

[1/2] An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. Both contracts had their first weekly gain in five weeks as OPEC+ prepares for a meeting that will have output cuts high on the agenda after recent oil price declines on demand concerns and burgeoning supply, particularly from non-OPEC producers. OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, three OPEC+ sources have told Reuters. "Fundamentals developments have been bearish with rising U.S. oil inventories," ANZ analysts said in a note. Analysts say oil demand growth could weaken to about 4% in the first half of 2024 as the property sector crunch weighs on diesel use.

Persons: John Kilduff, Tony Sycamore, Brent, Craig Erlam, Tina Teng, Paul Carsten, Natalie Grover, Colleen Howe, David Goodman, Louise Heavens, Marguerita Choy Organizations: REUTERS, U.S, Brent, West Texas, Organization of, Petroleum, Reuters, OANDA, ANZ, Petrobras, Thomson Locations: Zhoushan, Zhejiang province, China, Gaza, OPEC, Wednesday's, WTI, Israel, New York, Russia, U.S, London, Beijing

☆ HSBC apologises as thousands of UK customers locked out of digital banking
▼ + stars: | 2023-11-24 | by ( Lawrence White | ) www.reuters.com time to read: +2 min

A man speaks on a mobile phone in front of the head office of HSBC bank in Mumbai November 20, 2008. REUTERS/Arko Datta/File Photo Acquire Licensing RightsLONDON, Nov 24 (Reuters) - Thousands of HSBC (HSBA.L) customers in Britain on Friday reported they were unable to access some mobile and online banking services, the latest in a long-running series of such problems for British banks. "We’re working hard to restore HSBC UK’s Mobile and Online Banking service, including the authorising of online card purchases via the app," a spokesperson for the bank said. "We understand this is really frustrating for some of our customers, and we are really sorry for the inconvenience." "This HSBC outage will cause a real headache for a lot of its customers.

Persons: Arko Datta, Sam Richardson, Lawrence White, Hugh Lawson, Louise Heavens Organizations: HSBC, REUTERS, HSBC UK’s Mobile, Banking, Consumer, Bank of England, Thomson Locations: Mumbai, Britain

☆ Sam Kerr nets hat-trick as she captains Chelsea Women to a 4-1 Champions League win against Paris FC Féminines
▼ + stars: | 2023-11-24 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Australian superstar Sam Kerr scored a stunning hat-trick in Chelsea’s 4-1 win against Paris FC Féminines in the UEFA Women’s Champions League (UWCL) on Thursday. Paris sought to take the game to Hayes’ team early on and forward Mathilde Bourdieu forced a save from Chelsea goalkeeper Ann-Katrin Berger with a low strike. The deadlock was broken on the half hour as Kerr collected a pass from Lauren James, who was coming off a hat-trick in a 5-1 WSL win against Liverpool on Sunday, and poked past Paris goalkeeper Chiamaka Nnadozie. A long ball forward by Berger evaded the Paris defenders and put the Australian striker through on goal. With Nnadozie off her line, Kerr audaciously lobbed the Nigerian goalkeeper from outside the penalty area to score her third.

Persons: Sam Kerr, Emma Hayes, Hayes ’, Mathilde Bourdieu, Ann, Katrin Berger, Kerr, Lauren James, Chiamaka Nnadozie, deservedly, Thea Greboval, Berger, Jess Carter, Fran Kirby, Bourdieu, Johanna Rytting Kaneryd, John Walton, Nnadozie, Kerr audaciously, Erin Cuthbert, Louise Fleury, Kirby, Sophie Ingle, Ève, “, ” Hayes, “ Sophie, Ingle, Millie Bright Organizations: CNN, Paris FC Féminines, UEFA Women’s Champions, Chelsea, Super League, US, National, Stamford, Liverpool, Paris, Häcken, Real Madrid Locations: Paris

☆ Signa unit files for insolvency as crisis at Benko's empire deepens -Spiegel
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Nov 24 (Reuters) - Signa Real Estate Management Germany filed an official application for bankruptcy at the Berlin Charlottenburg district court, German magazine Spiegel reported on Friday, as the crisis at Rene Benko's property group deepens. Separately, Austrian newspaper Der Standard said a bankruptcy filing for Signa Group could come next Tuesday, citing a source. Meetings of Signa employees are planned for the same day, when employees will be given information about the insolvency and further steps, the paper reported. Signa Group declined to comment when contacted by Reuters. The Signa group has holdings of 27 billion euros ($28.8 billion) and 25 billion euros in development.

Persons: Spiegel, Rene Benko's, Benko, Signa, Emma, Victoria Farr, Matthias Inverardi, John O'Donnell, Elisa Martinuzzi, Louise Heavens Organizations: Estate Management, Signa, Reuters, Thomson Locations: FRANKFURT, Estate Management Germany, Berlin Charlottenburg, Austria, Germany, Europe's

[1/3] Richard Teng, head of the Middle East and North Africa for crypto firm Binance gestures as he speaks during an interview with Reuters in Dubai, United Arab Emirates, March 30, 2022. Teng faces an especially tough task in transforming the culture of Binance, four of the people said. Still, leading a cultural shift at Binance - a firm shaped by Zhao in his own image - would be "hugely difficult," she said. For years it dominated the crypto market, but this year has rapidly lost market share. Last month it controlled 32% of crypto spot and 50% of derivatives trading, according to crypto firm CCData, down from 55% and 62% respectively in January.

Persons: Richard Teng, Abdel Hadi Ramahi, Teng, Changpeng Zhao, Janet Yellen, Binance, Carol Alexander, Zhao, Yi He, Binance's, Simon Matthews, Richard, Matthews, FinCEN, John Reed Stark, Rajeev Bamra, OKX, Joseph Edwards, Tom Wilson, Elizabeth Howcroft, Elisa Martinuzzi, Louise Heavens Organizations: Reuters, United Arab Emirates, REUTERS, U.S . Securities, Exchange Commission, SEC, U.S, Treasury, University of Sussex, Investors, Treasury's, Internet Enforcement, Singapore, Abu, Abu Dhabi Global, Singapore Exchange, Moody's Investors Service, Securities, Thomson Locations: East, North Africa, Dubai, United Arab, U.S, Abu Dhabi, France, Seychelles, London

☆ Gen Z-ers and Millennials React to ‘L.A. Law’
▼ + stars: | 2023-11-23 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

Until the streaming relaunch, the show was hard to find, existing in DVDs at junk shops and in the depths of Amazon Prime Video. In recent days the Styles journalists Melissa Guerrero, Sadiba Hasan, Callie Holtermann and Louis Lucero — all members of the Millennial or Gen Z generations who had never seen “L.A. Law” — watched the first three episodes on Hulu. They shared their observations with the editors Minju Pak and Jim Windolf, who were fans of the show in its heyday. It was the subject of workplace conversation and countless think pieces, and it won 15 Emmys before the final gavel in 1994.

Persons: “ L.A, ”, Seinfeld, Melissa Guerrero, Sadiba Hasan, Callie Holtermann, Louis Lucero —, ” —, Pak, Jim Windolf, Steven Bochco, Terry Louise Fisher, Harry Hamlin, Michael Kuzak, Corbin Bernsen, Arnie Becker, Jill Eikenberry, Ann Kelsey, Jimmy Smits, Victor Sifuentes, Susan Dey, Grace Van Owen, L.A, Law ” Organizations: NBC, Hulu, Amazon Prime

LONDON, Nov 22 (Reuters) - PetroIneos said on Wednesday it is preparing to shut down its Grangemouth oil refinery in Scotland to convert it into a fuels import terminal as it faces growing international competition. The 150,000 barrel per day refinery, Scotland's only oil refinery and one of six in Britain, is expected to continue operating until spring 2025, PetroIneos said in a statement. PetroIneos will soon start preparatory work to enable the future transformation of its Grangemouth refinery into a fuels import terminal, it said in a statement. The timescale for the shutdown is yet to be determined exactly but the preparatory work is expected to take around 18 months, with the refinery expected to continue operating until spring 2025. The plan includes converting the site of the refinery into a fuels import hub.

Persons: PetroIneos, Franck Demay, Ron Bousso, Louise Heavens, Jane Merriman Organizations: PetroIneos Refining, Grangemouth, Thomson Locations: Grangemouth, Scotland, Britain, Asia, Finnart, PetroChina, France

A SUV car drives on a street in Paris as Paris City Hall will organise a public vote on the place of SUV cars in the French capital, France, November 20, 2023. After banning rental scooters in September in the wake of a citizen's vote, Paris will hold a local referendum on Feb. 4 about "the place of SUVs in the capital". Since SUVs can be hard to distinguish from other models, City Hall wants to introduce higher parking fees for thermal engine cars weighing over 1.6 tonnes and for electric vehicles over two tonnes. "(The SUV vote) is to tell all those who continue to use their private cars because they're the richest: No! In a few years, in a few months, they won't be welcome in Paris with this type of behaviour," Belliard said.

Persons: Sarah Meyssonnier, David Belliard, Anne Hidalgo, Belliard, Paris, Philippe Noziere, Henri Duret, Antonia Cimini, Clotaire Achi, Louise Dalmasso, Geert De Clercq, Mark Heinrich Our Organizations: Paris City Hall, REUTERS, Hall, Reuters, Manufacturers, Thomson Locations: Paris, France, PARIS

☆ Ex-Huawei handset maker Honor prepares IPO
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

People walk near a sign for Honor Magic Vs phone, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsSHENZHEN, China, Nov 22 (Reuters) - Handset maker Honor is preparing for an initial public offering, the company said on Wednesday, three years after it was sold by U.S. sanctions-hit Huawei Technologies. Honor was first in terms of handset shipments in China in the third quarter with 11.8 million units sold, and was the second biggest seller last year, research firm Canalys said. Huawei sold Honor to a consortium of more than 30 agents and dealers in November 2020 after the U.S restricted its access to technology essential to its handset business. Reporting by David Kirton Editing by Louise Heavens, Alexander Smith and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Magic, Nacho, Canalys, David Kirton, Louise Heavens, Alexander Smith, Frances Kerry Organizations: Congress, REUTERS, Rights, U.S, Huawei Technologies, Huawei, Counterpoint Research, Thomson Locations: Barcelona, Spain, Rights SHENZHEN, China, Europe, U.S, Washington

☆ Susan Sarandon Dropped by Talent Agency After Remarks on Gaza War
▼ + stars: | 2023-11-21 | by ( Marc Tracy | More About Marc Tracy | ) www.nytimes.com time to read: +3 min

The Academy Award-winning actress Susan Sarandon was dropped by United Talent Agency after comments she made at a recent pro-Palestinian rally drew criticism online. An agency spokesman, Richard Siklos, confirmed Tuesday that Sarandon was no longer represented by the agency but declined to elaborate. Sarandon was dropped after making remarks at a rally in New York City last week. Sarandon said at the rally that being critical of Israel should not be considered antisemitic. “There’s a terrible thing that’s happened where antisemitism has been confused with speaking up against Israel,” Sarandon said.

Persons: Susan Sarandon, Richard Siklos, Sarandon, ”, “, ” Sarandon, —, — Sarandon, “ Bull, “ Bull Durham ”, Thelma, Louise ”, Maha Dakhil, Israel, Aaron Sorkin, Maha, she’s Organizations: United Talent Agency, Palestinian, The New York, New York City, The Post, United Nations, “ Bull Durham, DC Comics, Hollywood, Creative Artists Agency Locations: New York, Gaza, Israel, New York City

☆ Union set to strike at Peru's Las Bambas copper mine next week -leader
▼ + stars: | 2023-11-20 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

The Las Bambas copper mine is pictured in Apurimac, Peru May 9, 2022. Erick Ramos, general secretary of the Las Bambas workers union, told Reuters by telephone the union had agreed to go on a strike with no set end date starting Nov. 28. Representatives for Las Bambas did not immediately respond to requests for comment. The union had already kicked off a strike on Sunday, which is set to end Tuesday, over the profit sharing. The union, which represents more than 1,000 workers, is currently registering the strike set for Nov. 28 with the labor ministry, Ramos said.

Persons: Angela Ponce, Erick Ramos, Ramos, Bambas, China's MMG, Pedro Castillo, Marco Aquino, Isabel Woodford, Kylie Madry, Louise Heavens, Kirsten Donovan, David Gregorio Our Organizations: REUTERS, Rights, Workers, Reuters, China's, HK, Thomson Locations: Apurimac, Peru

☆ Union strike underway at MMG's Las Bambas copper mine in Peru
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

The Las Bambas copper mine is pictured in Apurimac, Peru May 9, 2022. REUTERS/Angela Ponce/File Photo Acquire Licensing RightsLIMA, Nov 20 (Reuters) - A multi-day strike is underway at the Chinese-owned Las Bambas copper mine in Peru, the leader of the workers union said on Monday, as part of its demands to improve profit sharing protocols. Erick Ramos, general secretary of the Las Bambas workers union, told Reuters by telephone that the union is considering an indefinite strike from Nov. 28 if the company does not meet its demands. Las Bambas, which began operations in 2016 and is owned by China's MMG Ltd (1208.HK), is one of the largest copper producers in Peru, the world's second largest producer of the metal. A source close to the Las Bambas mine said earlier on Monday that the protest began on Sunday and that the strike was being "partially and peacefully" adhered to.

Persons: Angela Ponce, Erick Ramos, China's MMG, Ramos, Marco Aquino, Isabel Woodford, Louise Heavens, Kirsten Donovan Organizations: REUTERS, Rights, Reuters, China's, HK, Ministry of Labor, Thomson Locations: Apurimac, Peru

☆ U.S. probes Hyundai, Kia recall into 6.4 million vehicles over fire risks
▼ + stars: | 2023-11-20 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsWASHINGTON, Nov 20 (Reuters) - U.S. auto safety regulators said Monday they had opened a probe into 16 separate recalls issued by Hyundai (005380.KS) and Kia (000270.KS) covering 6.4 million vehicles relating to brake fluid leaks that could result in fires. The automakers said internal brake fluid leaks can cause an electrical short that could lead to a fire. Kia said the Hydraulic Electronic Control Unit (HECU) in the vehicles may experience an electrical short as a result of brake fluid leaks. Hyundai said the Anti-Lock Brake System (ABS) module may leak brake fluid internally and cause an electrical short. The September recall covered 1.73 million Kia Borrego, Cadenza, Forte, Sportage, K900, Optima, Soul Rio, Sorento and Rondo vehicles from various model years for each vehicle from 2010 through 2017.

Persons: Andrew Kelly, Kia, Kia Borrego, Forte, Sportage, David Shepardson, Bernadette Baum, Louise Heavens Organizations: Hyundai Motor, New York, REUTERS, Rights, Hyundai, Kia, Korean, Control, Traffic Safety Administration, Tucson Fuel Cell, Santa Fe Sport, Thomson Locations: Manhattan , New York City, U.S, KS, United States, Santa Fe, Veracruz, Tucson

☆ A Campaign Builds to Label Radio Free Europe Journalist as Wrongfully Detained
▼ + stars: | 2023-11-20 | by ( Ann M. Simmons | Louise Radnofsky | ) www.wsj.com time to read: 1 min

Alsu Kurmasheva was arrested in October on an allegation of failing to register as a foreign agent and placed in pretrial detention. Photo: Vladislav Mikhnevskii/Associated PressEarlier this year, Alsu Kurmasheva , a dual Russian-U.S. citizen and journalist for U.S.-government funded Radio Free Europe/Radio Liberty, faced a difficult choice. She wanted to travel to the Russian city of Kazan to see her ailing mother. In May, she made the trip, leaving the Czech Republic, where she lives, on her U.S. passport and entering Russia using her Russian passport. In June, Russian authorities stopped her from flying home, accusing her of failing to properly declare her U.S. citizenship.

Persons: Alsu Kurmasheva, Vladislav Mikhnevskii, Alsu Organizations: U.S, Radio Free, Radio Liberty, State Department Locations: Russian, Radio Free Europe, Kazan, Russia, Czech Republic

☆ Microsoft CEO says Sam Altman will be joining Microsoft
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: 1 min

[1/2] Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria Acquire Licensing RightsCompanies Microsoft Corp FollowNov 20 (Reuters) - Microsoft CEO Satya Nadella on Monday said that ousted OpenAI CEO Sam Altman and Greg Brockman will be joining Microsoft (MSFT.O) to lead a new advanced AI research team. Nadella also appeared to confirm Emmett Shear's reported appointment as the new OpenAI CEO, saying they are "looking forward to getting to know Emmett Shear and OAI's new leadership team and working with them." Reporting by Shubham Kalia in Bengaluru, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman, Carlos Barria, Satya Nadella, Greg Brockman, Nadella, Emmett Shear's, Emmett Shear, Shubham, Louise Heavens Organizations: Economic Cooperation, REUTERS, Microsoft, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru

REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Nacho Gutiérrez-Orrantia, one of Citi's (C.N) 's most senior bankers in Europe, will become the bank's head of banking in Europe as part of its planned restructuring, people familiar with the situation said. In his new role of head of the Europe cluster, the Spanish banker will look after Citi´s businesses in the region. Prior to the restructuring, Europe was part of its EMEA business unit, the second-largest region on a revenue basis, according to Citi's 2022 annual report. Gutiérrez-Orrantia was appointed in 2021 as its co-Head of Banking, Capital Markets and Advisory (BCMA) for Europe, Middle East and Africa (EMEA) and has spent 19 years at the bank. The US bank recently appointed former Deutsche Bank UK deputy CEO Tiina Lee as UK Citi Country Officer (CCO) and UK cluster and banking head.

Persons: Stefan Wermuth, Nacho Gutiérrez, Orrantia, Jens Welter, Jane Fraser, Ernesto Torres, Tiina Lee, Andres Gonzalez, Pablo Mayo Cerquerio, Anousha Sakoui, Louise Heavens Organizations: Citibank, City of, REUTERS, Reuters, Citi, EMEA, Banking, Capital Markets, Advisory, Bilbao, Credit Suisse, Deutsche Bank UK, Citi Country, Thomson Locations: City, City of London, Europe, Spanish, Middle East, Africa, EMEA, America, Asia South, Asia, Australia, Japan

"Coal in North Macedonia represents 40% of the energy source, so it's very big, it's very important," EBRD President Odile Renaud-Basso told Reuters. Both of its coal-fired plants are ageing, outdated and run on lignite, the most polluting type of coal. An IFC spokesperson said the green transition, including in North Macedonia, was one of its key priorities, but that it was not in a position to confirm any plan details. "The world's richest countries need to work with the multilateral development banks to find effective, structural ways to channel significantly scaled up energy transition finance," he said. North Macedonia joined the Powering Past Coal Alliance, a group of countries committed to phasing out coal-fired power, in 2021.

Persons: Odile Renaud, Basso, COP27, REK, Renaud, Leo Roberts, E3G, Kate Abnett, Kirsten Donovan, Louise Heavens Organizations: European Bank for Reconstruction, World Bank, Reuters, Investment, United Nations, Climate Investment Funds, International Finance Corporation, IFC, Bank, Past Coal Alliance, Union, Thomson Locations: Dubai, wean, Macedonia, North Macedonia, South Africa, Indonesia, Vietnam, Senegal, North, Skopje, Europe, Macedonian, Pakistan, Colombia, Ukraine

☆ Union pressure on Tesla grows in Sweden as dockworkers expand strike
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Dockworkers joined the strike by mechanics on Nov. 7, blocking Sweden's four largest ports to Tesla cars. So far, unions in the United States and Germany have failed to force the company to accept collective bargaining agreements. In addition to dockworkers, unionised cleaners are refusing to clean Tesla buildings and postal workers have stopped delivering mail. In the 1990s, American toy company Toys "R" Us signed a collective bargaining agreement with its 130 Swedish employees after a three month strike.

Persons: Johan Nilsson, Tesla, Elon Musk, Dockworkers, Musk, Torbjorn Johansson, Norway's Fellesforbundet, Marie Mannes, Louise Rasmussen, Johan Ahlander, Johannes Birkebaek, Simon Johnson, Mark Potter Organizations: TT, Agency, Rights, U.S, Swedish, IF Metall, Hydro Extrusions, Hydro, Thomson Locations: Malacca, Malmo, Sweden, Rights STOCKHOLM, Dockworkers, United States, Germany, American

☆ Volvo Cars shares drop to record low as Geely trims stake
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

The sale of the 3.4% stake leaves Geely with a holding in Volvo Cars of 78.7%, the Chinese company said in a statement. Proceeds received by Geely Holding are intended to be used to support business development within the group," it added. It allows a wider base of shareholders to invest in Volvo Cars," the Swedish company's CEO Jim Rowan said in a statement. At 0926 GMT, Volvo Cars shares were down 10.9% at 36.38 crowns, having traded as low as 35.25 crowns. Geely Holding has committed to a lock-up period of 90 days for its remaining shareholding, "subject to customary exceptions and waivers" by the bookrunners.

Persons: Aly, China's Geely, bookrunners, Jim Rowan, Goldman Sachs, SEB, Geely, Terje Solsvik, Louise Rasmussen, Mark Potter Organizations: Volvo, Auto Shanghai, REUTERS, Rights, Swedish, HK, Volvo Cars, Geely, BNP, Marie Mannes, Thomson Locations: Shanghai, China, Rights OSLO, Swedish, Oslo, Stockholm

SAN FRANCISCO (AP) — K-pop superstar Rosé said Friday at a mental health awareness event hosted by first lady Jill Biden that it's important for the world to understand that famous people grapple with emotional struggles, too. Rosé, a part of the supergroup BLACKPINK, said having a large social media following makes her feel vulnerable, particularly when people are critical. “People who are older -- we never, ever spoke about mental health,” Biden said. Apple CEO Tim Cook opened the event but blanked briefly when the teleprompter went out. Cook recovered, telling the crowd he'd “go ahead and ad lib," then thanked everyone for coming and introduced the first lady.

Persons: —, Rosé, Jill Biden, there’s, ”, ” Biden, Vivek Murthy, Tim Cook, “, Cook, Wan, Wan Ismail, you’ve, ” Cook, ” Kim Keon Hee, Rachael Marape, Louise Araneta Organizations: FRANCISCO, Apple, Economic Cooperation, Marcos Locations: Cupertino, Asia, Pacific, California, Malaysia, South Korea, Papua New Guinea, Philippines

The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S., December 17, 2019. The tough new legislation targets 22 "gatekeeper" services, run by six tech companies - Microsoft (MSFT.O), Apple (AAPL.O), Alphabet's (GOOGL.O) Google, Amazon (AMZN.O), Meta and ByteDance's TikTok. While details of Apple's legal challenge have not been made public, Bloomberg News reported last week the company would challenge the inclusion of its App Store on the list of gatekeepers. Fellow tech giants Meta (META.O) and TikTok had already filed appeals disputing the Commission's decision to include their services. In its appeal, Meta said it disagreed with the Commission's decision to designate its Messenger and Marketplace services under the DMA.

Persons: Mike Blake, TikTok, Meta, Martin Coulter, Louise Heavens Organizations: REUTERS, European Commission, Justice, European Union, Microsoft, Apple, Google, Meta, Bloomberg News, Facebook, Thomson Locations: La Jolla , California, U.S, Europe

☆ Zelenskiy says Ukraine, US will hold military industry conference next month
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Ukraine's President Volodymyr Zelenskiy addresses a meeting of the Ukraine Defense Contact Group ahead of a two-day NATO Defense Ministers Council at the alliance headquarters in Brussels, Belgium, October 11, 2023. Olivier Matthys/Pool via REUTERS/File Photo Acquire Licensing RightsNov 17 (Reuters) - Ukraine and the United States will hold a military industry conference in December, Ukrainian President Volodymyr Zelenskiy said on Friday. "During my visit to Washington, President Biden and I agreed on specific steps we can take together. In October, Ukraine set up a joint defence venture with German arms manufacturer Rheinmetall AG (RHMG.DE) to service and repair Western weapons. In September, it hosted an international defence industry forum with more than 250 Western weapons producers.

Persons: Volodymyr Zelenskiy, Olivier Matthys, Kiyv, Zelenskiy, Biden, Yuliia Dysa, Louise Heavens, Heavens Organizations: Ukraine Defense Contact, NATO Defense, Ukrainian, Rheinmetall AG, Thomson Locations: Ukraine, Brussels, Belgium, United States, Kyiv, Washington

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