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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
Now Widodo also needs a free trade agreement (FTA) with the United States for Indonesian materials to qualify for the generous EV subsidies available under the Biden administration's Inflation Reduction Act (IRA). What it got after last week's bilateral meeting was a commitment "to develop a critical minerals action plan (...) with a view toward establishing the foundation to launch future negotiations on a critical minerals agreement". The joint statement included some pointers as to what the United States expects from that action plan in terms of environmental, social and governance (ESG) standards. A limited trade agreement on critical minerals could become an even more restricted deal if it were to apply only to non-Chinese material streams. South Korea has the advantage of having had an FTA with the United States since 2012.
Persons: Joko Widodo, Tesla, Widodo, Washington, Biden, Joe Manchin, Janet Yellen, Manchin, Trafigura, Emelia Sithole Organizations: Vale Tbk, U.S, Biden, GREEN, Benchmark Minerals, Australia, Greenpeace, of, Group, Minerals, Korea, Reuters, Thomson Locations: Sorowako, Indonesia's, Asian, United States, Indonesia, United, GREEN Indonesia, Philippines, Ulsan, South Korea, Morocco, South
SANTIAGO (Reuters) - United Nations Secretary General Antonio Guterres will travel to Antarctica this week with Chilean President Gabriel Boric to observe the impact of rising temperatures caused by climate change on the continent, he said on Monday. "Scorching temperatures mean Antarctic ice is melting ever-faster, with deadly consequences for people around the world," Guterres told reporters. Guterres and Boric will be in Antarctica from Wednesday to Saturday, subject to weather conditions, the U.N. communications office in Chile said. Boric traveled to Antarctica previously this year, and has invited other leaders such as Chinese President Xi Jinping to do the same. (Reporting by Natalia Ramos in Santiago; Additional reporting by Michelle Nichols at the United Nations; Writing by Kylie Madry; editing by Grant McCool)
Persons: General Antonio Guterres, Gabriel Boric, Guterres, Collins, Nelson, Stephane Dujarric, Boric, Xi Jinping, Natalia Ramos, Michelle Nichols, Kylie Madry, Grant McCool Organizations: United Nations, Chilean Air Force Locations: SANTIAGO, Antarctica, Chile, Dubai, Paris, Santiago
The billionaire's calendar
  + stars: | 2023-11-16 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
What the rest of us consider small talk at work, Gen Zers have rebranded as "corporate flirting." In today's big story, we're unpacking all the far-flung places and high-end events billionaires visit and attend throughout the year. But by early 2024, there will likely be more Gen Zers working full-time than baby boomers. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004. It commemorates when the "Guinness World Records" book became the best-selling book of all time in 2004.
Persons: , Gen Zers, we're, it's, Madeline Berg, Madeline, there's, Laszlo Balogh, Tom Cooper, I'm, Hayley Cuccinello, Hayley, Marianne Ayala, Lelanie Foster, Ruzwana Bashir, Peek —, Bashir —, Tesla, Matt Harrison Clough, Miami —, Karol G, Edgar Barrera, Shakira, Starr Douglas, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Monaco, Sun, Getty, Business, Guinness, Records, Walmart Locations: Davos, London, America, Houston, Miami, Seville, Spain, Macy's, New York City, San Diego, New York
ATLANTIC CITY, N.J., (AP) — A fire broke out under the wooden Atlantic City Boardwalk on Wednesday right in front of the entrance to Resorts casino, melting part of its facade and burning the doors. But no one was injured and the facility was able to remain open, authorities said. Two restaurants near the fire were temporarily closed and hoped to reopen later Wednesday, Fire Chief Scott Evans and Resorts President Mark Giannantonio said. Black smoke boiled into the air as orange flames leapt beneath the Resorts sign. The casino was accessible through a secondary Boardwalk entrance as well as side entrances near parking areas, Giannantonio said.
Persons: Scott Evans, Mark Giannantonio, Evans, Giannantonio, Aris Matos, Michelle of, Matos, Wayne Parry Organizations: CITY, Atlantic, Boardwalk, Resorts, Fire Locations: N.J, Michelle of Shrewsbury , Pennsylvania, Atlantic City, www.twitter.com
2023: The year of chasing yield Investors historically chase after stock performance, but 2023 has been the year of chasing after yield performance. This year, the combined assets under management at money market funds grew to a record $6 trillion. There have been large inflows into short-term Treasury funds like the Vanguard Short-Term Treasury ETF (VGSH) and, surprisingly, even into long-term Treasury ETFs like the iShares 20+Year Treasury Bond ETF (TLT). Still, some think a large chunk of the money in short-term Treasuries and money markets is "scared money" and will be "sticky." Those institutional investors "Don't want any money in cash because it will lag behind the stock market," he told me.
Persons: Paul McCulley, they're, Mark Lehman, Eric Balchunas, Jeff Seyffart, Alec Young, Steve Sosnick, Jim Besaw, Besaw, Mike O'Rourke, JonesTrading, Matt Maley, Miller Tabak, Chris Murphy Organizations: Federal, CNBC, Citizens JMP Securities, Treasury, Treasury Bond ETF, Bloomberg, Schwab Money Fund, MapSignals, Interactive Brokers, Gentrust, UBS Locations: Susquehanna
To celebrate the sale of its billionth bottle, Prime opened two limited stores in London and NYC. The stores was gold themed, and included the chance to win a $500,000 gold Prime bottle. In New York, where Logan Paul was running operations at the local Prime store, the matching gold bottle was recorded melting, as there could only be one winner. For example, visitors of the Prime London store received a gold bottle with a custom flavor and the words "London 1,000,000,000" printed on it. Now, the gold Prime bottle can be found for sale on the Central Sweet Supply website for £139.99 (about $171).
Persons: YouTubers KSI, , YouTube megastars Logan Paul, It's, Logan Paul, Ellie Whitby, Emanuele Maccotta, she'd, Steve Cooper, Cooper Organizations: Service, YouTube, Prime London, London Prime, Sweet Supply, Central Sweet Supply Locations: Logan, London, New York City, New York, Whitby
Now housed in the Danish National Archives, the historical images inspired her and other researchers to reconstruct the territory’s glacial history and how it has changed amid a rapidly warming climate. The comparison found Greenland’s glaciers have experienced an alarming rate of retreat that has accelerated over the last two decades. For the first time on record, it rained at the summit of Greenland — roughly two miles above sea level during the summer of 2021. Earlier this week, scientists found that northern Greenland’s huge glaciers, which were long thought to be relatively stable, now pose potentially “dramatic” consequences for sea level rise. “[The paper] really reinforces that our choices over the next few decades and how much we reduce our emissions really matter to these glaciers,” Larocca said.
Persons: Laura Larocca, of Denmark Niels Jakup, Niels Jakup Korsgaard, , Larocca, Hans Henrik Tholstrup, University of Copenhagen Larocca, ” Larocca Organizations: CNN, Danish National Archives, of, of Denmark, Arizona State University School of Ocean Futures, Danish Agency, Datasupply, University of Copenhagen The Danish Agency, University of Copenhagen Locations: Denmark, Copenhagen, Greenland, of Denmark, Danish
PARIS (AP) — French President Emmanuel Macron said on Friday that melting glaciers are an “unprecedented challenge for humanity” and urged world leaders to work together on halting the devastating effects of climate change. The world, Macron said, is witnessing “the collapse of the cryosphere under the impact of climate change,” referring to parts of the Earth where water is in solid form, including glaciers. “The most immediate and visible effect is the melting of the ice caps ... it represents an unprecedented challenge for humanity,” Macron said. The Artic is rapidly losing sea ice as global warming causes the ice to weaken and disappear. The frozen Antarctic has also seen dramatic ice sheet melt, disappearing glaciers and unusually high temperatures as the world heats up.
Persons: Emmanuel Macron, , Macron, ” Macron, It’s Organizations: PARIS, , Paris Peace Locations: Ukraine, Israel, Paris, China, Russia
Kigali, Rwanda CNN —For over a decade, AfriLabs has been at the forefront of cultivating a vibrant tech ecosystem across the African continent. The annual AfriLabs Gathering, held in Kigali, Rwanda, is a testament to its commitment to uniting the African tech community. AfriLabs has been at the forefront of cultivating a vibrant tech ecosystem across the African continent. With a trailblazing woman at its helm, Afrilabs addresses the gender gap in the tech industry, recognizing that the African tech landscape remains predominantly male-dominated. Its participation in the Nigeria Startup Act and the ongoing Nigeria Startup Act State Adoption program showcases commitment to driving conversations and effecting change, says Guobadia.
Persons: AfriLabs, Anna Ekeledo, Ekeledo, , “ We’ve, Afrilabs, ” Ekeledo, Oswald Osaretin Guobadia, Organizations: Rwanda CNN, Consultancy, McKinsey, Company, Algeria Venture, Builder.ai, AfriLabs, Visa Foundation, Business Angel Network, CNN, Nigeria Startup Locations: Kigali, Rwanda, Africa, North Africa, Afrilabs, DigitA, Abuja, Nigeria,
Greenland Glaciers Melt Five Times Faster Than 20 Years Ago
  + stars: | 2023-11-10 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
By Johannes BirkebaekCOPENHAGEN (Reuters) - Global warming has increased the speed at which glaciers in Greenland are melting by fivefold over the last 20 years, scientists from the University of Copenhagen said on Friday. Greenland's ice melt is of particular concern, as the ancient ice sheet holds enough water to raise sea levels by at least 20 feet (6 meters) if it were to melt away entirely. "I believe we can prepare for those glaciers to continue to melt at increasing speeds," Olesen said. Glaciers in Greenland are often used to anticipate the effects of climate change on Greenland's ice sheet. The Greenland ice sheet contributed 17.3% of the observed rise in sea level between 2006 and 2018 and glaciers have contributed 21%.
Persons: Johannes Birkebaek COPENHAGEN, Anders Anker Bjork, Bjork, Jørgen Eivind Olesen, Olesen, William Colgan, Johannes Birkebaek, Barbara Lewis Organizations: University of Copenhagen, geosciences, Reuters, European Union, Climate Institute, Aarhus University, Geological Survey Locations: Greenland, Denmark
Valleys cut by glaciers of the Greenland Ice Sheet along the mountains of Greenland, August 3, 2022. Greenland's ice melt is of particular concern, as the ancient ice sheet holds enough water to raise sea levels by at least 20 feet (6 meters) if it were to melt away entirely. "I believe we can prepare for those glaciers to continue to melt at increasing speeds," Olesen said. Glaciers in Greenland are often used to anticipate the effects of climate change on Greenland's ice sheet. The Greenland ice sheet contributed 17.3% of the observed rise in sea level between 2006 and 2018 and glaciers have contributed 21%.
Persons: Jim Urquhart, Anders Anker Bjork, Bjork, Jørgen Eivind Olesen, Olesen, William Colgan, Johannes Birkebaek, Barbara Lewis Organizations: REUTERS, Rights, University of Copenhagen, geosciences, Reuters, European Union, Climate Institute, Aarhus University, Geological Survey, Thomson Locations: Greenland, Denmark
The TikTok Ad Awards are back in full force for 2023, with brands and agencies across Europe being recognised for amazingly creative, high-performing campaigns. Lidl harnessed this power to launch its brand on TikTok, drive new followers and foster brand love in the process. The content positioned Ford as a brand that understands the TikTok platform, interacts with the community, and responds quickly as well as entertainingly to viral moments. For more tips, explore their Creative Center or check out their Creative Codebook. If you'd like to learn more about TikTok and the TikTok Ad Awards, sign up for their newsletter.
Persons: TikTok, Lidl, Leo Burnett, Fiat, Gabriele Vagnato, MASPEX, @Foxx.gotuje, Ford, @officieldace, Read Organizations: Creative, Fiat Stellantis, Fiat, Cloetta Suomi, Bängeri, SPACE CAT, Creative Spain Samsung, BE, Samsung, Deutschland, Ford, BNP, Creative Center, Center, Business, Insider Studios Locations: Europe, Germany, France, Italy, Spain, Poland, Creative Spain
Greenland’s mountain glaciers and floating ice shelves are melting faster than they were just a few decades ago and becoming destabilized, according to two separate studies published this week. The island's peripheral glaciers, located mostly in coastal mountains and not directly connected to the larger Greenland ice sheet, retreated twice as fast between 2000 and 2021 as they did before the turn of the century, according to a study published on Thursday. “It got a lot harder to be a glacier in Greenland in the 21st century than it had been even in the 1990s,” said Yarrow Axford, a professor of geological sciences at Northwestern University and a co-author of the paper, published in the journal Nature Climate Change. Dr. Axford’s team found that glaciers in southern Greenland have become shorter by 18 percent on average since 2000, and glaciers elsewhere on the island have become shorter by 5 to 10 percent.
Persons: , Yarrow, Axford’s Organizations: Northwestern University Locations: Greenland
A recent poll of 1,005 US adults found the average American spends 26 minutes a day reading and responding to group chats. For us to survive and thrive as humans, it's time to agree on the Definitive Etiquette of the Group Chat. The ultimate appeal of group chats — their necessity, really — is that they've become the only social media that's actually social. Group chats can become overwhelming, of course, especially as they creep into other apps and especially as they often duplicate participants. Don't talk about the group chat outside the group chat.
Persons: who's, Sam Bankman, Fried, siphoning, Emily Post, they've, Mark Zuckerberg, Twitter, Hua Hsu, e Organizations: Bank, Democratic, Street, Wall, Mets, New York Giants, Facebook, Adidas, Nazi, Yorker Locations: Bankman, Silicon, Indonesia, American, Business, Politics, Netherlands, Rome, Tucson, le
CNN —At the top of the world, northern Greenland’s huge glaciers — long thought to be relatively stable — are in trouble, a new study shows. As the ocean warms, Greenland’s last remaining ice shelves are rapidly weakening, destabilizing the nearby glaciers and threatening potentially “dramatic” consequences for sea level rise, according to the study published Tuesday in Nature Communications. When they melt and weaken, more of the land-based ice is able to slide into the ocean, adding to sea level rise. Since 1978, the ice shelves supporting northern Greenland’s glaciers have lost more than 35% of their total volume, according to the study. After the collapse of the Zachariæ Isstrøm glacier’s ice shelf in 2003, the ice discharge into the ocean doubled, according to the study.
Persons: Greenland’s, ” Romain Millan, , Millan, ” Millan, Copernicus, Thomas Traasdahl, Ritzau Scanpix, Sophie Nowicki, Nowicki, Organizations: CNN, Nature Communications, Grenoble Alpes University, Copernicus Sentinel, ESA, Getty, University at Buffalo Locations: Greenland, France, , AFP, Antarctica
Martin Shkreli bragged that Sam Bankman-Fried asked him for advice on serving prison time. Shkreli did an interview with Tucker Carlson and said he told Bankman-Fried to "learn slang" and "invent a backstory." AdvertisementAdvertisementInfamous "Pharma Bro" Martin Shkreli, who was released from federal prison last year, bragged to Tucker Carlson that Sam Bankman-Fried asked him for advice on serving time in the slammer as the disgraced FTX founder faces the prospect of more than 100 years behind bars. That may be why Sam Bankman-Fried just asked his advice on doing time. AdvertisementAdvertisementAdditionally, Shkreli told Carlson that he believed Bankman-Fried would "most likely" go to prison for a "long time" and that he would be "screwed" behind bars.
Persons: Martin Shkreli, Sam Bankman, Fried, Shkreli, Tucker Carlson, Bankman, , Bro, Mark Botnick, He's, Hillary Clinton, vMGiqDk4tR — Tucker Carlson, there's, Carlson Organizations: Pharma, Service, Twitter, Fox News Locations: California, Oakland, Brooklyn
Scientists put trackers on Antarctic seals to help them map the ocean floor. The deep-diving seals revealed a massive underwater canyon over a mile deep. This canyon may help scientists predict how the Antarctic ice sheet will react to climate change. Joseph MarlowUnderstanding ocean geography helps scientists predict how Antarctica's ice sheet has reacted to global climate change in the past. Antarctic seals, like the 50 Weddell seals and 215 southern elephant seals they tagged, regularly travel to great depths of the ocean.
Persons: Clive McMahon, aren't, they're, Joseph Marlow, Fausto Ferraccioli Organizations: Service, Sydney Institute of Marine Science, East, NBC, Australian Center for Excellence, Aquatic, Seals, Australian Antarctic Program Locations: Vincennes Bay, Antarctica
Trump Can’t Resist Turning Testimony Into Tirade
  + stars: | 2023-11-06 | by ( Lauren Camera | Nov. | At P.M. | ) www.usnews.com   time to read: +6 min
Trump, at times seemingly unable to stop himself from melting into a temper tantrum, claimed repeatedly, “It's election interference.”“We have a very hostile judge,” he said at one point. I wanted a jury.”To be clear, this particular type of case proceeding – determining damages in a civil fraud case – doesn’t use juries. That narrative is a markedly different one than Trump’s two adult sons provided in testimony last week. But Engoron already dismissed that defense in finding Trump liable for fraud. The defense team is expected to call many of the witnesses who have already testified, including Trump himself and his two adult sons.
Persons: Donald Trump, admonishing, , , Kevin Wallace, Trump, ” Trump, , Engoron, Chris Kise, Alina Habba, ” Engoron, Letitia James, James, Donald Trump Jr, Eric Trump, he’s, general’s prosecutorial, ” Ivanka Trump, Kise, ” James Organizations: Trump, New York Locations: , United States, Engoron, New York
DETROIT (AP) — Toyota isn’t telling owners of 1.9 million recalled RAV4 SUVs to park them outdoors even though U.S. safety investigators have four complaints about engine fires that can start with the vehicles' ignitions turned off. In addition, the agency has eight reports of fires that started on the driver's side of the engine compartment where the battery is located. Four reports said “thermal events” happened with the ignition off, indicating that it may be wise for owners to park the SUVs outdoors until they can be repaired. But Toyota spokesman Aaron Fowles said the company is not advising people to park the RAV4s outdoors. Documents posted Friday by the safety agency say that Toyota has found 22 "field technical reports" in the U.S.
Persons: , ignitions, Aaron Fowles, haven't, ” Toyota Organizations: DETROIT, — Toyota, Traffic, Administration, Toyota, U.S, NHTSA Locations: RAV4s, U.S
It’s not often that the standout star of a show is its music supervisor, arranger or orchestrator, but in the gala presentation of “Pal Joey” at New York City Center through Sunday, all three are one man, Daryl Waters. That the rest of the revival (really a new creature, made from spare parts) is more suggestive than convincing is no crime; there has never been a satisfactory “Pal Joey.” Though the 1940 original featured some soon-to-be standards by Rodgers and Hart — “Bewitched, Bothered and Bewildered” chief among them — its book by John O’Hara, based on his epistolary novel and New Yorker stories, didn’t match them in tone or dramatic serviceability. Back then, the problem was thought to be the nature of Joey himself, a greasy heel trying to scheme his way from itinerant crooner to supper club smoothie. Along the way he picked up and discarded an innocent named Linda English, traded sex for financial support with a socialite named Vera Simpson and generally ruined everything he touched with his grifty hands. The problem faced by the various would-be saviors of “Pal Joey” — there were Broadway revivals in 1952, 1963, 1976 and 2008 — is rather what new throughline to impose and how to make the best use of its songs.
Persons: It’s, “ Pal Joey ”, Daryl Waters, Waters, , , Pal Joey, Rodgers, Hart —, John O’Hara, Joey himself, Linda English, Vera Simpson, Brooks Atkinson, J, Pierrepont Finch, Sweeney Todd, Evan Hansen, “ Pal Joey ” — Organizations: New York City Center, , New York Times Locations: New, ’ Da, York , New York
Sam Bankman Fried, the onetime cryptocurrency mogul, built his FTX crypto exchange into a “pyramid of deceit” resting on a “foundation of lies and false promises,” a federal prosecutor said in closing arguments on Wednesday at the criminal fraud trial. Over more than two hours in a Manhattan courtroom in the morning, Nicolas Roos, the prosecutor, used scathing language to paint Mr. Bankman-Fried as a liar and fraudster. And Mr. Bankman-Fried, who had testified during the trial in his own defense, had repeatedly dissembled and dodged questions, Mr. Roos said. Mr. Bankman-Fried “lied about big things and small things,” the prosecutor said, pointing out that the defendant said he “couldn’t recall” more than 140 times in response to questions on cross-examination. “It was uncomfortable to hear,” Mr. Roos said.
Persons: Sam Bankman Fried, , Nicolas Roos, Roos, dissembled, Fried “, , Mr, Bankman Organizations: Mr Locations: Manhattan
Opinion | There Is Another Paris
  + stars: | 2023-10-28 | by ( Cole Stangler | ) www.nytimes.com   time to read: +3 min
Tourists visiting the Sacré-Coeur Basilica, the magnificent snow-white cathedral towering over northern Paris, tend to descend the Butte Montmartre the way they came up. But once they’ve had enough, they’ll most likely make their way down the south side of the hill, following the path of the funicular toward the recognizable sights of central Paris. This Paris exists mostly outside the gaze of tourists, the whopping 12.7 million people who visited the area this summer. But they refuse to abide by the half-theme-park, half-museum ambience that prevails in much of central Paris. Here, another Paris is alive and kicking.
Persons: they’ve Organizations: Coeur Basilica Locations: Coeur, Paris, Montmartre, Belleville, Eastern, Southern Europe, Maghreb, China
“The biggest thing there is Reggae music and classic country music,” Brooks said. “I never would have thought that I would be performing at a country festival as an artist in Miami, being from Miami. “We believe that this could become a destination festival, where people come for Miami and country music,” Albareda said. "We have a long-term commitment to Country Bay as a festival, and we have a long-term commitment to Miami," Albareda said. Besides hosting one of the largest country events in Miami's music history, the Country Bay Music Festival will include a country-themed bar, games, food, line dancing, a mechanical bull and a giant Ferris wheel.
Persons: Leo Brooks, Brooks, ” Brooks, George Jones, Hank Williams, Willie Nelson, , Thomas Rhett, Sam Hunt, Chris Young, Lee Brice, Lainey Wilson, Randy Houser, Chris Lane, Elle King, Blanco Brown, Josh Ross, Hailey Whitters, David J, Kat, Alex, , Lauryn Hill's, Pitbull, Tim McGraw, Andrew Millsaps, Nelson Albareda, Albareda, ” Albareda Organizations: MIAMI, , Union, Bay Music, Miami Marine, Neon Union, , Bay, Ultra, Miami Marine Stadium Locations: Miami, Nashville, Roatán, Honduras, downtown, Virginia, Biscayne Bay, LOCASH, North Carolina, South Florida, U.S, Biscayne, Miami's, Bayfront
McDonald's US is replacing its single-use McFlurry spoons with reusable spindles and smaller spoons. AdvertisementAdvertisementMcDonald's is scrapping its iconic McFlurry spoons in favor of reusable spindles and smaller spoons, and some workers are up in arms about it. To make a McFlurry, McDonald's staff would pour soft-serve ice cream and toppings into a cup. "I think it's a horrible idea," another McDonald's worker from a Michigan store, whose employment was verified by Insider, said. AdvertisementAdvertisement"Honestly, I don't see it as a big deal," another person commenting on Reddit who told Insider they are a McDonald's worker.
Persons: , McDonald's, Reddit Organizations: Service, Employees Locations: , Canada, Michigan, It's
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