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☆ El Chapo's sons bar fentanyl production in Sinaloa, according to banners
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

The U.S. government this year portrayed Los Chapitos, or "little Chapos", as the principal providers of fentanyl into the United States. Last month, Ovidio Guzman, the youngest of the four Los Chapitos brothers, was extradited to the United States. "The sale, manufacture, transportation or any type of business involving the substance known as fentanyl is strictly prohibited in Sinaloa," the banners said. In July, Sinaloan investigative outlet Riodoce reported that Los Chapitos had told producers in Culiacan, the state capital, to stop manufacturing fentanyl. Silva doubted Los Chapitos would stay away from fentanyl.

Persons: Joaquin, El, Guzman, Chapitos, Los Chapitos, Ovidio Guzman, Leo Silva, Silva, El Chapo's, Ismael, Zambada, Drazen Jorgic, Jamie Freed Organizations: MEXICO CITY, U.S . Drug Enforcement Administration, Thomson Locations: MEXICO, Sinaloa, Mexican, United States, Mexico, U.S, Culiacan, El Mayo

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Brent December crude futures rose 49 cents, or 0.5%, to $92.69 a barrel by 0645 GMT after falling 90 cents on Friday. Brent November futures settled down 7 cents at $95.31 a barrel at the contract's expiry on Friday. U.S. West Texas Intermediate crude futures gained 55 cents, or 0.6%, to $91.34 a barrel, after losing 92 cents on Friday. However, a private-sector survey on Sunday was less encouraging, showing the country's factory activity expanded at a slower pace in September.

Persons: Agustin Marcarian, Baker Hughes, recouping, Brent, Hiroyuki Kikukawa, Kevin McCarthy, Yuka Obayashi, Emily Chow, Jamie Freed, Shri Navaratnam, Kim Coghill Organizations: REUTERS, . West Texas, of, Petroleum, NS, Nissan Securities, ING, PMI, Republican, Reuters, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, TOKYO, U.S, Saudi Arabia, Russia, OPEC, Tokyo

A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. REUTERS/Darren Whiteside/File Photo Acquire Licensing RightsCompanies Coinbase Global Inc FollowOct 2 (Reuters) - The Singapore arm of cryptocurrency exchange Coinbase (COIN.O) said on Monday it had obtained a Major Payment Institution (MPI) licence from the city-state's central bank. The licence, granted by the Monetary Authority of Singapore (MAS), will allow the largest U.S. crypto exchange to offer digital payment token services to individuals and institutions in Singapore. Coinbase, the world's largest listed crypto exchange, was granted initial approval in October last year. Singapore has emerged as a crypto hub in Asia in recent years, having attracted digital asset firms from countries including China and India.

Persons: Darren Whiteside, Coinbase, Rae Wee, Jamie Freed Organizations: Monetary Authority, REUTERS, Payment, Monetary Authority of Singapore, MAS, Coinbase, Thomson Locations: Singapore, Asia, China, India

☆ France's Planisware IPO aims for 1.11 bln-1.25 bln euro valuation
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

Oct 2 (Reuters) - French software company Planisware launched on Monday an initial public offering aiming for a valuation between 1.11 billion and 1.25 billion euros, as part of its aim to become the top provider of software solutions for project portfolio management. The group said 15.1 million shares will be sold, priced between 16 and 18 euros each, and it hoped to raise 241 million euros ($254.52 million) from the share sale. "We strongly believe that this IPO (...) will give us the means to achieve our ambition to be the number one provider of multi-specialty project and portfolio management software solutions," Planisware Co-Founder and Chairman Pierre Demonsant said in a statement. The pricing of the offering is expected to take place on Oct. 11. ($1 = 0.9469 euros)Reporting by Diana Mandiá and Stéphanie Hamel; Editing by Jamie Freed and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Planisware, Pierre Demonsant, Diana Mandiá, Stéphanie Hamel, Jamie Freed, Bernadette Baum Organizations: Thomson

☆ El Chapo's Sons Bar Fentanyl Production in Sinaloa, According to Banners
▼ + stars: | 2023-10-02 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Joaquin, El, Guzman, Chapitos, Los Chapitos, Ovidio Guzman, Leo Silva, Silva, El Chapo's, Ismael, Zambada, Drazen Jorgic, Jamie Freed Organizations: MEXICO CITY, U.S . Drug Enforcement Administration Locations: MEXICO, Sinaloa, Mexican, United States, Mexico, U.S, Culiacan, El Mayo

The world's top importing region saw arrivals of 24.95 million barrels per day (bpd) in September, down from August's 25.22 million bpd, according to data complied by LSEG. September's imports were also almost 3 million bpd weaker than the 27.92 million bpd seen in July, which was the highest monthly total so far in 2023. China imported 11.53 million bpd in September, down from August's 12.49 million bpd, according to LSEG data. Russia was China's top supplier in September, providing 1.81 million bpd, eclipsing the 1.44 million bpd from Saudi Arabia. The main question for Asia's oil demand in the fourth quarter is just how hard the recent price rally will bite demand.

Persons: Vietnam's, China doesn't, Asia's, Jamie Freed Organizations: LSEG, Imports, Reliance Industries, SK Energy's Ulsan, Taiwan's CPC, Brent, U.S, world's, Reuters, Thomson Locations: LAUNCESTON, Australia, August's, Jamnagar, India, South Korea, Saudi Arabia, Asia, CHINA, China, Russia, Iran

Biden's Interior Department on Friday unveiled a congressionally mandated five-year plan for offshore oil drilling that included just three sales, all in the Gulf of Mexico -- the lowest number in any five-year plan since the government began publishing them in 1980. Previous five-year offshore lease programs have ranged between 11 and 41 sales, according to Interior's U.S. Bureau of Ocean Energy Management. The Inflation Reduction Act, a landmark climate change law passed last year, made oil and gas lease sales a prerequisite for new offshore wind power auctions. Biden sees offshore wind power as a key element to his plan to decarbonize the U.S. economy by 2050. In a sign of the litigious nature of U.S. drilling policy, Biden's administration had been scheduled to hold a Congressionally mandated Gulf of Mexico oil and gas lease auction this month.

Persons: Biden, Erik Milito, Abigail Dillen, we've, Mike Sommers, Bill Cassidy, Vladimir Putin, Cassidy, Trump, Nichola Groom, Jamie Freed, Daniel Wallis Organizations: Biden's, Department, Reuters, National Ocean Industries Association, U.S . Bureau of Ocean Energy Management, Bureau of Ocean Energy Management, Interior Department, Biden, American Petroleum Institute, U.S . Chamber of Commerce, Gulf Coast, OPEC, Organization of, Petroleum, ., Interior, Thomson Locations: Gulf of Mexico, U.S, Gulf, Mexico, Putin, Louisiana, Russia, California

☆ Investors fear US data disruption from looming government shutdown
▼ + stars: | 2023-09-29 | by ( Laura Matthews | ) www.reuters.com time to read: +4 min

A shutdown would disrupt government services including the publication of major U.S. economic data such as keenly-watched employment and inflation reports that can move equity and bond markets globally. "If the government data releases are suspended, this will increase volatility and decrease visibility, in a time when forecasting is already difficult," said Clifton Hill, global macro portfolio manager, at Acadian Asset Management. Hill said that investors would have to make assumptions based on survey and non-government economic data that is available. Key government data releases due over the next two weeks include jobless claims, unemployment and inflation, which influence monetary policy. Peter Vassallo, a foreign exchange portfolio manager at BNP Asset Management said delays in economic data "is unfortunately just something that we have to deal with as it comes."

Persons: Brendan McDermid, Clifton, Hill, Jeffrey Roach, Roach, James Knightley, Peter Vassallo, Vassallo, Lynn Martin, Chris Murphy, Goldman Sachs, shutdowns, Acadian's, Moody's, Fitch, Murphy, Laura Matthews, Megan Davies, Jamie Freed Organizations: New York Stock Exchange, REUTERS, Acadian Asset Management, Federal, LPL, U.S . Federal Reserve, Fed, BNP, Management, NYSE, Susquehanna International Group, United Auto Workers, Thomson Locations: New York City, U.S, Washington, Clifton Hill

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo Acquire Licensing RightsCompanies Saudi Arabian Oil Co FollowSept 29 (Reuters) - Oil prices were set for a weekly gain of around 2% after regaining ground on Friday as strong holiday demand from China and persistently tight U.S. fundamentals outweighed expectations of possible supply increases from Saudi Arabia. The market eased about 1% in the previous session, as traders took profits after prices soared to 10-month highs, and some worried that high interest rates may weigh on oil demand. Improving macroeconomic data from China, the world's largest oil importer, coupled with strong fuel demand as the country as it embarked on its week-long Golden Week holiday on Friday, supported prices. "(An) increase in international travel during the Golden Week holiday is boosting Chinese oil demand," ANZ analysts said in a client note.

Persons: Ahmed Jadallah, Brent, Katya Golubkova, Jamie Freed, Sonali Paul Organizations: REUTERS, Rights Companies Saudi Arabian Oil, Brent, . West Texas, ANZ, Golden, Traders, Organization of, Petroleum, ING Bank, Aramco, National Australia Bank, Thomson Locations: Aramco, Saudi, Saudi Arabia, China, U.S, Cushing , Oklahoma, OPEC

☆ Australia to retire Taipan helicopter fleet early after crash
▼ + stars: | 2023-09-29 | by ( Renju Jose | ) www.reuters.com time to read: +3 min

The Taipan fleet will not return to flying operations before the previously planned withdrawal date of December 2024, Defence Minister Richard Marles said. Australia in January said it would buy 40 Black Hawk military helicopters, manufactured by Lockheed Martin (LMT.N), for an estimated A$2.8 billion ($1.80 billion). The Black Hawks are set to replace the Australian army's fleet of Taipan helicopters, which have been plagued for years by maintenance issues. "The first of the 40 Black Hawks that will replace the (Taipan) MRH-90 have arrived and are already flying in Australia. Marles acknowledged there would be "capability challenges" without an operational Taipan fleet and as defence waits for the delivery of more Black Hawks.

Persons: Dinuka, Richard Marles, Lockheed Martin, Marles, Italy's Leonardo, Leonardo, Renju Jose, Jamie Freed Organizations: Australian Navy, Australian Landing Helicopter, REUTERS, Rights, United States, Black Hawk, Lockheed, Black Hawks, Australian, Airbus, ABC, Thomson Locations: Canberra, Colombo, Sri Lanka, Australia, France, Norway, Queensland, United States, Sydney

[1/2] A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, U.S., March 18, 2019. Nike has also experienced competition from other sneaker brands, including Deckers' (DECK.N) Hoka, On Running (ONON.N) and French-owned sports retailer Salomon, as shoppers gravitate toward "performance" shoes. Nike CEO John Donahoe said the company would turn its attention to "prioritizing the everyday runner" and connecting with shoppers in more channels, including specialty running stores. The company posted total revenue of $12.94 billion in the quarter, missing analysts' estimates of $12.98 billion. Nike reported a profit of $1.45 billion, or 94 cents per share, beating estimates of 75 cents per share.

Persons: Charles, Brian Snyder, Matthew Friend, Friend, Jordan, Salomon, Dylan Dittrich, John Donahoe, David Swartz, Deborah Sophia, Katherine Masters, Shounak Dasgupta, Jamie Freed Organizations: Nike, REUTERS, Air, Jordan, Insights, Morningstar, Thomson Locations: Cambridge , Massachusetts, U.S, Kobe, Bengaluru, New York

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Sept 28 (Reuters) - Boeing (BA.N) has agreed to pay $8.1 million to resolve allegations it violated U.S. law by failing to comply with contractual obligations in its production of V-22 Osprey aircraft, the U.S. Justice Department said Thursday. The Osprey is a military aircraft that takes off like a helicopter and then rotates its propellers to fly like a plane. The settlement agreement, which was signed by legal representation for Boeing and the Justice Department, noted that Boeing denied the allegations it was not meeting requirements. A Boeing spokesperson said the company "entered a settlement agreement with the U.S. Department of Justice and the U.S. Navy to resolve certain False Claims Act allegations, without admission of liability."

Persons: Benoit Tessier, Kanishka Singh, Valerie Insinna, Chris Reese, Matthew Lewis, Jamie Freed Organizations: Boeing, Paris, REUTERS, Rights, U.S . Justice Department, Justice Department, U.S . Navy, U.S . Department of Justice, Thomson Locations: Le Bourget, Paris, France, Ridley Park , Pennsylvania, Washington

☆ Embattled US Senator Bob Menendez to face Democrats who want him to resign
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

Senator Robert Menendez (D-NJ) delivers remarks, after he and his wife Nadine Menendez were indicted on bribery offenses in connection with their corrupt relationship with three New Jersey businessmen, in Union City, New Jersey, U.S., September 25, 2023. Senator Bob Menendez on Thursday is expected to address his Democratic colleagues, more than half of whom have called for him to resign, the day after he pleaded not guilty to federal charges of accepting bribes. 2 Senate Democrat Dick Durbin, the head of the Senate Democrats' campaign arm, Gary Peters, and Menendez's fellow senator from New Jersey, Cory Booker. Prosecutors have said Menendez and his wife, Nadine Menendez, accepted gold bars and hundreds of thousands of dollars in exchange for using their influence to interfere with law enforcement probes of three New Jersey businessmen and aid the Egyptian government. Menendez's Senate seat is in play in the 2024 elections.

Persons: Robert Menendez, Nadine Menendez, Mike Segar, Bob Menendez, Dick Durbin, Gary Peters, Cory Booker, Chuck Schumer, Menendez, Richard Cowan, Makini Brice, Moira Warburton, Jamie Freed Organizations: REUTERS, Rights, Democratic, Senate Democrats, Prosecutors, Menendez's Senate, Republican, Thomson Locations: Jersey, Union City , New Jersey, U.S, New Jersey, Menendez's

☆ Australia Aug retail sales post tepid rise, add to rate pause case
▼ + stars: | 2023-09-28 | by ( Stella Qiu | ) www.reuters.com time to read: +2 min

SYDNEY, Sept 28 (Reuters) - Australian retail sales rose modestly in August as consumers continued to cut back on spending in the face of elevated living expenses and high borrowing costs, signalling interest rates may not have to rise further. Data from the Australian Bureau of Statistics (ABS) on Thursday showed nominal retail sales rose 0.2% in August from July, missing analysts' forecast of a 0.3% gain. Sales of A$35.4 billion ($22.56 billion) were up just 1.5% from a year earlier, the lowest gain in percentage terms since August 2021. Data from Commonwealth Bank of Australia showed that younger Australians who are renting or have mortgages are cutting back on purchases, while older Australian who benefit from higher savings rates are still spending. ($1 = 1.5694 Australian dollars)Reporting by Stella Qiu; Editing by Tom Hogue and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Ben Dorber, Stella Qiu, Tom Hogue, Jamie Freed Organizations: Australian Bureau of Statistics, FIFA, Reserve Bank of Australia, Commonwealth Bank of Australia, Thomson

☆ Fire contained after powerful blast near airport in Uzbek capital
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

TASHKENT, Sept 28 (Reuters) - A fire caused by a powerful explosion at a warehouse near Tashkent's airport had been contained and the situation was under control, Uzbekistan's Ministry of Emergency Situations (FVV) said on Thursday. Video and photographs on social media showed flames soaring into the night sky and a huge cloud of smoke. The ministry said a "special laboratory" had been set up at the scene to investigate the explosion. Flights at Tashkent International Airport were taking off and landing as normal, its administration said. According to a post on social media from Uzbek media outlet Daryo, 16 fire and rescue crews were sent to fight the fire at one of the warehouses located in the city's Sergeli district near the airport.

Persons: Mukhammadsharif Mamatkulov, Michael Perry, Tom Hogue, Jamie Freed, Lincoln Organizations: Uzbekistan's Ministry, Health Ministry, Tashkent International, Thomson Locations: TASHKENT, Tashkent's, Tashkent, Sergeli, Akanksha, Bengaluru

☆ Florida lottery winner claims $1.6 billion prize, but identity still secret
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The display in a store shows the Mega Millions lottery jackpot at $1.55-billion in New York City, U.S., August 8, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsSept 27 (Reuters) - The second-largest lottery winner in U.S. history has come forward to claim the $1.6 billion prize, but the person's identity may remain a secret for another 90 days, the Florida Lottery said on Wednesday. The Mega Millions jackpot was claimed on Monday, seven weeks after the Aug. 8 drawing, Florida Lottery said in a statement. Florida is one of 45 states plus Washington, D.C., and the U.S. Virgin Islands to participate in Mega Millions. The Florida Mega Millions winner will have the option of claiming the full amount paid in a 30-year annuity or taking a lump sum of $794.2 million cash, according to the Mega Millions website.

Persons: Shannon Stapleton, Daniel Trotta, Jamie Freed Organizations: Mega, REUTERS, Florida Lottery, Washington , D.C, U.S . Virgin, Thomson Locations: New York City, U.S, Florida, Washington ,, Neptune Beach, Jacksonville, South Carolina, California

☆ Brazil sets up task force for unprecedented drought in Amazon -minister
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Low river levels and hotter waters have killed masses of fish seen floating on river surfaces, contaminating the drinking water, she said. The civil defense agency warned that the drought could eventually impact up to 500,000 people in the Amazon. The drought in the Amazon, like the flooding in the south of Brazil, results from the El Niño phenomenon, which warms the surface water in the Pacific Ocean. Silva said this was the effect of a periodic El Niño mixing with changes in weather patterns brought by global warming. Worsened by climate change, this combination has caused drought not seen before in the Amazon and "is incomparably stronger and could happen more frequently," she added.

Persons: Bruno Kelly, Marina Silva, Silva, Lisandra Paraguassu, Anthony Boadle, Alistair Bell, Jamie Freed Organizations: REUTERS, Rights, Environment, Reuters, Air Force, Thomson Locations: Manacapuru, Amazonas, Brazil, Rights BRASILIA, Port, Manaus, Rio, Acre

The iconic Hollywood sign is pictured the day after the Writers Guild of America (WGA) announced it reached a preliminary labor agreement with major studios in Los Angeles, California, U.S., September 25, 2023. The Writers Guild of America (WGA) leadership voted unanimously to end the strike on Wednesday, the guild said in a statement. In other areas, the guild said it won guarantees of minimum staffing in writers’ rooms, a key issue for many of its members. Maher and Drew Barrymore had angered writers by saying this month that their talk shows would return before the strike ended. The end of the WGA strike does not return Hollywood to normal.

Persons: Mario Anzuoni, Walt Disney, Adam Conover, WE, Conover, David Slack, Bill Maher, Maher, Drew Barrymore, Lisa Richwine, Dawn Chmielewski, Jamie Freed, Leslie Adler, Gerry Doyle Organizations: Writers Guild of America, REUTERS, Guild of America, WGA, Netflix, Warner Bros Discovery, SAG, Thomson Locations: Los Angeles , California, U.S, United States

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. These are the specific allegations included in the FTC's 172-page complaint:ONLINE SUPERSTORE, SERVICES MONOPOLIES*The agency alleged that Amazon had a monopoly in an online superstore market. *The agency also said that Amazon had a monopoly in the online marketplace for services, where Amazon has more than 70% of the market. PUNISHES SELLERS FOR LOWER PRICES ELSEWHERE* The complaint alleged Amazon uses a sophisticated network of web crawlers that identify which of its sellers offer their products more cheaply on other platforms. MONITORING PRICES* Amazon used the Project Nessie pricing system as an unfair method of competition.

Persons: Pascal, Nessie, Diane Bartz, Jamie Freed Organizations: REUTERS, Rights, U.S . Federal Trade Commission, Amazon.com, Amazon, Walmart, FTC, Amazon's, Thomson Locations: Lauwin, France, United States

☆ Ukrainian troops repel Russian attacks on eastern front -officials
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Sept 27 (Reuters) - Ukrainian troops held off determined attacks on Wednesday by Russian forces trying to regain lost positions on the eastern front, military officials said, while analysts suggested Kyiv's forces were also making progress in the southern theatre. Ilia Yevlash, a spokesperson for Ukraine's eastern group of forces, told national television: "We continue to repel intense enemy attacks near Klishchiivka and Andriivka. There had been 544 Russian shelling incidents in the past 24 hours in the area, seven combat clashes and four air attacks, Yevlash said. Tarnavskyi referred to the village of Verbove, which other officials have said Ukrainian forces are poised to seize. Ukrainian forces are targeting several other villages as they progress through Zaporizhzhia region towards the major town of Tokmak.

Persons: Ilia Yevlash, Yevlash, Volodymyr Zelenskiy, Oleksandr Tarnavskyi, Roman Svitan, Ron Popeski, Maria Starkov, Jamie Freed 私 Organizations: Russian, Ukraine's, Staff, Russia's Defence Ministry, CNN Locations: Ukrainian, Bakhmut, Azov, Russia, Crimean, Klishchiivka, Russian, Donetsk, Nevelske, Verbove, Tokmak

☆ Asia stocks mixed as investors grapple with higher rates
▼ + stars: | 2023-09-27 | by ( Julie Zhu | ) www.reuters.com time to read: +4 min

REUTERS/Issei Kato/File photo Acquire Licensing RightsHONG KONG, Sept 27 (Reuters) - Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates. The Japanese yen remained weak versus the greenback at 149.06 per dollar. Higher U.S. Treasury yields and recent dovish comments from Bank of Japan (BoJ) officials have weighed on USD/JPY," CBA analysts said in a note. In treasuries, benchmark 10-year Treasury yields have climbed to 16-year highs in the wake of the Federal Reserve's hawkish longer-term rate outlook last week. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 5.0603% compared with a U.S. close of 5.077%.

Persons: Issei Kato, Dow, Shunichi Suzuki, Brent, Jamie Freed Organizations: U.S, REUTERS, Treasury, Bank, Japan's Nikkei, Federal Reserve, Dow Jones, Nasdaq, Finance, Higher U.S, Bank of Japan, CBA, Thomson Locations: Tokyo, Japan, HONG KONG, Asia, Australia, Thailand, Pacific

☆ Sony gaming chief Jim Ryan to retire, group president to be interim head
▼ + stars: | 2023-09-27 | by ( Sam Nussey | ) www.reuters.com time to read: +1 min

Inside a GameStop store Sony PS5 gaming consoles are pictured in the Manhattan borough of New York City, New York, U.S., November 12, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsCompanies Sony Group Corp FollowTOKYO, Sept 28 (Reuters) - Sony Group (6758.T) said on Thursday its gaming chief Jim Ryan would retire next March, with group President Hiroki Totoki to become interim CEO during the search for a successor. Ryan, who is British, become CEO of Sony Interactive Entertainment (SIE) in 2019 and oversaw initiatives including the launch of the PlayStation 5 console the following year. "Jim no longer wants to manage the tradeoff between having a job in the U.S. and a home in the UK," SIE said in a statement. Reporting by Sam Nussey; Editing by Jamie Freed and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Jim Ryan, Hiroki Totoki, Ryan, Jim, SIE, Sam Nussey, Jamie Freed, Aurora Ellis Organizations: GameStop, Sony, REUTERS, Sony Group Corp, Sony Group, Sony Interactive Entertainment, PlayStation, Thomson Locations: Manhattan, New York City , New York, U.S

☆ Brazil sets up task force for unprecedented drought in Amazon, minister says
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Sept 27 (Reuters) - Brazil's government is preparing a task force to provide emergency assistance to inhabitants in the Amazon region hit by a severe drought that has impacted the rivers that are their life support, Environment Minister Marina Silva said. Low river levels and hotter waters have killed masses of fish seen floating on river surfaces, contaminating the drinking water, she said. The drought in the Amazon, like the flooding in the south of Brazil, results from the El Niño phenomenon, which warms the surface water in the Pacific Ocean. Silva said this was the effect of a periodic El Niño mixing with changes in weather patterns brought by global warming. Worsened by climate change, this combination has caused drought not seen before in the Amazon and "is incomparably stronger and could happen more frequently," she added.

Persons: Marina Silva, Bruno Kelly, Silva, Lisandra Paraguassu, Anthony Boadle, Alistair Bell, Jamie Freed Organizations: Environment, Reuters, REUTERS, Air Force, Thomson Locations: BRASILIA, Port, Manaus, Rio, Manacapuru, Amazonas, Brazil, Acre

☆ Beaten down US solar sector may be primed for a rebound: Maguire
▼ + stars: | 2023-09-27 | 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

High interest rates that caused financing costs for panel installations to surge and enduring supply chain disruptions have stifled residential and corporate solar system orders through much of 2023, hammering sector sentiment. SunPower Corporation (SPWR.O), which for nearly 40 years has been one of the largest U.S. residential solar system installers, has been the downside leader in terms of key solar share prices, dropping by nearly two-thirds year-to-date. The company also expects its leasing business - where it leases instead of sells solar panels to households, and charges homeowners a monthly fee - to show continued growth following a 108% expansion in the second quarter. HOME GROWN PRODUCTIONFirms that specialize in the manufacture of key solar components have also seen steep stock price declines this year. Wall Street trackers are also upbeat on the outlook for First Solar (FSLR.O), which is one the few solar sector companies to have had share prices gain year-to-date.

Persons: Roth, Gavin Maguire, Jamie Freed Organizations: SunPower Corporation, Enphase Energy Inc, Reuters, Thomson Locations: LITTLETON , Colorado, California, U.S, United States, Ohio, Alabama

☆ Pilots at Australia's Qantas demand chair quit over scandals
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. "We have totally lost confidence in Goyder and his board," AIPA President Captain Tony Lucas said in a statement. "Qantas desperately needs a culture reset but how can this happen with Richard Goyder as chairman?" Qantas declined to comment, referring Reuters to previous public comments from Goyder where he refused to quit. Goyder, who has been the airline's chairman since 2018, is not up for reelection at its annual meeting in November.

Persons: Gregg Porteous, Vanessa Hudson, Richard Goyder, Captain Tony Lucas, Goyder, Alan Joyce, Albanese, Byron Kaye, Jamie Freed Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS, Rights, Australia's Qantas Airways, Australian, International Pilots Association, Qantas, Reuters, Qatar Airways, Thomson Locations: Australia, Goyder

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