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☆ Stocks jump, dollar and yields drop after US jobs market softens
▼ + stars: | 2023-11-03 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

[1/2] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The job growth slowdown underscored views that the Federal Reserve may be done hiking interest rates. Benchmark 10-year yields fell as low as 4.484%, the lowest since Sept. 26. The U.S. dollar index dropped to a six-week low after the jobs data. In afternoon trading, the dollar index fell 1.111%, with the euro up 1.07% to $1.0734.

Persons: Brendan McDermid, Detroit's, Brad McMillan, Jerome Powell, Caroline Valetkevitch, Harry Robertson, Chibuike, Jacqueline Wong, Miral Fahmy, Alison Williams, Mark Heinrich, Rod Nickel, Diane Craft Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Federal, United Auto Workers, Commonwealth Financial Network, Bank of England, Traders, U.S . Treasury, Dow Jones, Nasdaq, Apple, Brent, Thomson Locations: New York City, U.S, Waltham , Massachusetts, Central, New York, London

Some warehousing operations as well as distribution, logistics and refrigeration businesses no longer fit into Femsa's strategy and may be sold, Fonseca said. Femsa's shares have surged more than 40% this year after shedding 4.8% in 2022. Femsa, which last year acquired Swiss kiosk operator Valora for $1.15 billion, plans to concentrate on its retail, bottling and financial technology (fintech) operations. Femsa is capitalizing on the ubiquity of its Oxxo stores by promoting fintech services in them, such as digital accounts and debit cards, Fonseca said. Femsa's scale has allowed it to automate some processes, and it is looking for ways to cut energy costs, he said.

Persons: Daniel Becerril, Juan Fonseca, Fonseca, Femsa, Valentine Hilaire, Christian Plumb, Rod Nickel Organizations: Coca, Coke, REUTERS, MEXICO CITY, Heineken, Reuters, Televisa, Alfa, Thomson Locations: Coca Cola, Monterrey, Mexico, MEXICO, U.S, Jetro, Swiss

☆ Stocks jump, dollar and yields fall after US jobs market softens
▼ + stars: | 2023-11-03 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

[1/2] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The job growth slowdown underscored views that the Federal Reserve may be done hiking interest rates. The data also showed the increase in annual wages was the smallest in nearly 2-1/2 years, pointing to an easing in labor market conditions. The pan-European STOXX 600 index (.STOXX) rose 0.17% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.44%. The U.S. dollar index dropped to a six-week low after the jobs data.

Persons: Brendan McDermid, Detroit's, Brad McMillan, Jerome Powell, Caroline Valetkevitch, Harry Robertson, Chibuike Oguh, Jacqueline Wong, Miral Fahmy, Alison Williams, Mark Heinrich, Rod Nickel Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Federal, United Auto Workers, Commonwealth Financial Network, Bank of England, U.S . Treasury, Dow Jones, Nasdaq, Apple, Brent, Thomson Locations: New York City, U.S, Waltham , Massachusetts, Central, New York, London

☆ Nickel mining has to be a low-carbon process, says CEO
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNickel mining has to be a low-carbon process, says CEOFebriany Eddy, CEO and president director of PT Vale Indonesia Tbk, discusses its decarbonization plans.

Persons: Febriany Eddy Organizations: PT Vale Indonesia Tbk

☆ Donald Trump to face anonymous jury in writer E. Jean Carroll's second trial
▼ + stars: | 2023-11-03 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

E. Jean Carroll exits the Manhattan Federal Court following the verdict in the civil rape accusation case against former U.S. President Donald Trump, in New York City, U.S., May 9, 2023. REUTERS/David Dee Delgado Acquire Licensing RightsNEW YORK, Nov 3 (Reuters) - A federal judge said Donald Trump will face an anonymous jury as it decides how much he should pay E. Jean Carroll for defaming the writer in 2019 by denying that he raped her. U.S. District Judge Lewis Kaplan in Manhattan said he found "strong reason" to provide special protections for jurors at the scheduled Jan. 16, 2024 civil trial. Neither Carroll, a former Elle magazine columnist, nor Trump, nor anyone else objected to using an anonymous jury, the judge said. Another anonymous jury in May ordered Trump to pay Carroll $5 million for sexual assault and defamation in a second lawsuit, after Trump again denied her claims in October 2022.

Persons: Jean Carroll, Donald Trump, David Dee Delgado, District Judge Lewis Kaplan, president's, Carroll, Kaplan, Letitia James, Trump, Goodman, Joe Biden, Jonathan Stempel, Rod Nickel Organizations: U.S, REUTERS, District, Trump, Mr, Elle, Republican, Democratic, Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, New, Carroll's, Southern District, Southern District of New York, New York

View of the Cobre Panama mine, of Canada's First Quantum Minerals, in Donoso, Panama, December 6, 2022. That leaves the fate of the contract for now in the hands of the country's top court. Panama's moves raise questions about copper supplies, as Cobre Panama accounts for about 1% of global output. First Quantum inherited the contract after it replaced Petaquilla Gold as operator of the mine in 2013. Panama's top court will hear various challenges against the contract in the coming days.

Persons: Valentine Hilaire, Divya, Denny Thomas, Rod Nickel Organizations: Minerals, REUTERS, Aris, First, Thomson Locations: Panama, Donoso, Canada

Unusually hot and dry weather in Mato Grosso has caught traders’ attention. October weather in North Mato Grosso BrazilIn Brazil’s southern state of Parana, October rainfall totaled around 350 mm (13.8 inches), the most for any month in at least 25 years. It is unhelpful in this analysis that there have not been many stronger El Ninos in recent years for comparison. Soy yield was 13% below trend that year, but otherwise, soy yields rarely miss in Mato Grosso, making it difficult to detect an impending disaster. In the south, Parana’s rainiest soy-growing seasons have most often coincided with El Ninos, but actual yield outcomes are mixed.

Persons: El Nino, Mato Grosso’s, Mato, La Nina, El, Karen Braun, Rod Nickel Organizations: Mato Grosso, Farmers, El Ninos, El Nino, Iowa, La, El, Reuters, Thomson Locations: Primavera, Mato, NAPERVILLE , Illinois, Brazil, Mato Grosso, North Mato, Brazil’s, Parana, U.S, Southern, Argentina

☆ Ukraine replaces special forces commander, removed officer wonders why
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Zelenskiy said in his nightly video address that Colonel Serhiy Lupanchuk would now head the forces and described him as "an experienced officer, combat officer and the right man in command". The president said Lupanchuk's predecessor, Maj-Gen. Viktor Horenko, who led the forces from July 2022, "will continue to perform special tasks" within the Defence Ministry's Intelligence Directorate. The special forces are believed to be behind the most sophisticated operations Ukraine's military has conducted in areas under Russian control, in particular Crimea, annexed by Moscow in 2014, eight years before Moscow's full land invasion. The special forces are also responsible for military information and psychological operations, as well as the organization of resistance in occupied territories. Zelenskiy this week praised Ukraine's military for diminishing Moscow's military strength in the Black Sea through increased air and sea drone attacks on Russian military targets.

Persons: Volodymyr Zelenskiy, Zelenskiy, Serhiy Lupanchuk, Viktor Horenko, Horenko, General Valery Zaluzhnyi, Zaluzhniy, Ron Popeski, Oleksandr Kozhukhar, Rod Nickel Organizations: Defence Ministry's Intelligence, Pravda, Fleet, Economist, Thomson Locations: Moscow, Crimea, Sevastopol, Black

☆ US House Speaker Johnson to bring Israel bill to floor despite deficit risk
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Nathan Howard/File Photo Acquire Licensing RightsWASHINGTON, Nov 1 (Reuters) - U.S. House of Representatives Speaker Mike Johnson said on Wednesday he plans to hold a vote on a standalone Israel aid bill despite a Congressional Budget Office report showing it could increase the federal deficit. In the first major legislative action under Johnson, House Republicans unveiled their bill on Monday seeking to provide $14.3 billion for Israel by cutting Internal Revenue Service (IRS) funding. The House could vote on the bill and pass it with Republican support as soon as Thursday. The non-partisan Congressional Budget Office (CBO) said on Wednesday that the IRS cuts and the Israel aid in the standalone bill would add nearly $30 billion to the U.S. budget deficit, currently estimated at $1.7 trillion. To become law, any legislation must pass the House, the Senate and be signed into law by Biden.

Persons: Mike Johnson, Nathan Howard, Johnson, Joe Biden's, Josh Hawley, " Johnson, Biden, Johnson's, Chuck Schumer, David Morgan, Patricia Zengerle, Dan Whitcomb, Katharine Jackson, Scott Malone, Rod Nickel Organizations: U.S, Capitol, REUTERS, Rights, . House, House Republicans, Revenue Service, Democratic, White, Israel, Kyiv, Fox News, Office, CBO, Senate, Democrat, Thomson Locations: Washington , U.S, Israel, China, Ukraine, Iran, Gaza, East

☆ Robbie Williams relives his highs and lows in new Netflix show
▼ + stars: | 2023-11-01 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

LONDON, Nov 1 (Reuters) - British singer-songwriter Robbie Williams looks back at his life in a new Netflix documentary series that tracks his journey from a 16-year-old boy band member to a 49-year-old entertainer and father of four. In “Robbie Williams”, filmed over several days and set inside his Los Angeles home, the “Angels” and “Rock DJ” singer is shown behind-the-scenes footage of himself, shot over several decades, for the first time. I wanted to make something that served Rob, and Rob wanted to tell the truth,” Pearlman said. “Robbie Williams” starts streaming on Netflix Nov. 8. A pop-up event coinciding with the launch and celebrating Williams’ career is open to public in London’s Covent Garden Nov. 2-5.

Persons: Robbie Williams, Robbie Williams ”, Williams, I've, Joe Pearlman, Rob, ” Pearlman, “ Robbie Williams ”, Hanna Rantala, Rod Nickel Organizations: Netflix, Thomson Locations: British, Los Angeles, London, Covent

Miriam Adelson listens to Republican U.S. presidential candidate and former U.S. President Donald J. Trump during the Republican Jewish Coalition Annual Leadership Summit in Las Vegas, Nevada, U.S. October 28, 2023. The previously unreported meeting during a gathering of Republican Jewish donors is likely a positive sign for Haley given Adelson's status as one of the pre-eminent Republican donors. Israeli-born Adelson also met with Trump in Las Vegas over the weekend. It was not immediately clear what other presidential candidates, if any, Adelson met. Sheldon Adelson, who died in 2021, headed the casino company Las Vegas Sands Corp (LVS.N).

Persons: Miriam Adelson, Donald J, Steve Marcus, Nikki Haley, Haley, Adelson, Sheldon Adelson, Ron DeSantis, Jan, Joe Biden, DeSantis, Alexandra Ulmer, Ross Colvin, Rod Nickel Organizations: Republican U.S, Trump, Republican Jewish Coalition, Leadership, REUTERS, Casino, Florida, Republican, Democratic, Forbes, Center for Responsive, Vegas Sands Corp, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Iowa, Israel

☆ Relics of huge primordial collision reside in Earth's deep interior
▼ + stars: | 2023-11-01 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

REUTERS/NASA/Handout/File Photo Acquire Licensing RightsWASHINGTON, Nov 1 (Reuters) - Seismologists have recognized since the 1970s that two mysterious continent-sized blobs reside in the deepest part of Earth's mantle, one under Africa and the other under the South Pacific region. Based on these simulations, they proposed that most of Theia was absorbed into Earth, forming the blobs, while residual debris formed the moon. If the study's conclusions are correct, these blobs would represent the first direct evidence of the hypothesized moon-forming collision. "It is incredible because we can uncover relics of another planet - Theia - if we dig deep enough in Earth's mantle," added planetary scientist and study co-author Hongping Deng of the Chinese Academy of Sciences' Shanghai Astronomical Observatory. Asimow said that if their conclusions are correct some volcanic rocks that reach Earth's surface may provide samples of a vanished planet.

Persons: Qian Yuan, Paul Asimow, Hongping Deng, Yuan, Asimow, Will Dunham, Rosalba O'Brien Organizations: NASA, REUTERS, Rights, Caltech, Chinese Academy of Sciences, Thomson Locations: Africa, South Pacific, Theia, Shanghai

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. First Quantum on Tuesday reaffirmed its commitment to the rule of law with the objective of benefiting Panama. First Quantum and its local unit Minera Panama declined to comment further. A decision to cancel the Cobre Panama mine's contract could slow Panama's GDP growth from an anticipated 6% in 2023 to just 1% without the mine in operation on an annualized basis. The odds of Panama losing its investment-grade rating would rise significantly if the contract is revoked, J.P Morgan warned on Tuesday.

Persons: Laurentino, J.P Morgan, Adriana Linares, Jackie Przybylowski, Michael Camacho, Frank De Lima, Juan Diego Vasquez, Edison Broce, Divya Rajagopal, Valentine Hilaire, Elida Moreno, Steve Scherer, Denny Thomas, Rod Nickel Organizations: Minerals, REUTERS, Aris, Quantum Minerals, Panama, Canada's Global Affairs, Reuters, Bank of Montreal, Finance, Economy, Independent, Thomson Locations: Panama, Donoso, Vancouver, Canada, Toronto

☆ US Senate to vote on spending package Wednesday -Schumer
▼ + stars: | 2023-11-01 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters at the Capitol in Washington, U.S., October 31, 2023. The Senate is working on bipartisan bills while the Republican-controlled House is aiming for measures that will pass with only votes from the majority. KEY QUOTE"Today we will pass the first three bipartisan appropriations bills," Schumer said on the Senate floor on Wednesday. "When these bills pass, they will be the only - I underscore, the only - bipartisan appropriations bills that have passed either chamber." BY THE NUMBERSCongress must pass 12 appropriations bills to fund the government through its fiscal year.

Persons: Chuck Schumer, Kevin Lamarque, Joe Biden, Schumer, Kevin McCarthy, McCarthy's, Mike Johnson, Moira Warburton, Rod Nickel Organizations: Capitol, REUTERS, Rights, U.S, Senate, Democratic, Republican, Republicans, Thomson Locations: Washington , U.S, U.S, Washington

☆ White House works on new measures to counter Islamophobia
▼ + stars: | 2023-11-01 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +2 min

The launch of the anti-Islamophobia effort has been expected for months. "Today's announcement is the latest step... to establish an interagency group to increase and better coordinate U.S. government efforts to counter Islamophobia, antisemitism, and related forms of bias and discrimination within the United States," White House spokesperson Karine Jean-Pierre said in a statement. Thirty-seven percent said they now identify as Democrats, 32% as Republicans and 31% as independents. The poll is the latest evidence that Biden's campaign for a second term in office is rapidly losing Muslim and Arab American support over his staunch support of Israel. Reporting By Jarrett Renshaw; Editing by Rod NickelOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Karine Jean, Pierre, Donald Trump, Jarrett Renshaw, Rod Nickel Organizations: Recreation Center, Wadea, Hamas, Domestic, Council, National Security Council, Arab American Institute, Republican, Israel, Thomson Locations: Israel, Gaza, United States, Illinois, American

Antara Foto/Jojon/via REUTERS Acquire Licensing RightsLONDON, Nov 1 (Reuters) - The bears are out in force on the London Metal Exchange (LME) nickel market. The global nickel market is entering a period of massive oversupply thanks to an Indonesian production boom. INSG assessed monthly nickel supply-demand balanceBIG SURPLUSThe big short is a bet on a big surplus. The global nickel market moved into supply-demand surplus in May last year and has been there ever since, according to the International Nickel Study Group. The exact timing of that tipping-point is still unknown, which means the big short is still a big bet that the supply chain can close the nickel product gap sooner rather than later.

Persons: Antara, aren't, it's, It's, Kirsten Donovan Organizations: PT Vale Indonesia, REUTERS Acquire, London Metal Exchange, Fund, Investment, Study, EV, Shanghai Futures, GAP Indonesia, Jingmen, New Energy Science, Reuters, Thomson Locations: Sorowako, South Sulawesi, Indonesia, Indonesian, London

☆ Relics of Huge Primordial Collision Reside in Earth's Deep Interior
▼ + stars: | 2023-11-01 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +4 min

By Will DunhamWASHINGTON (Reuters) - Seismologists have recognized since the 1970s that two mysterious continent-sized blobs reside in the deepest part of Earth's mantle, one under Africa and the other under the South Pacific region. Based on these simulations, they proposed that most of Theia was absorbed into Earth, forming the blobs, while residual debris formed the moon. If the study's conclusions are correct, these blobs would represent the first direct evidence of the hypothesized moon-forming collision. "It is incredible because we can uncover relics of another planet - Theia - if we dig deep enough in Earth's mantle," added planetary scientist and study co-author Hongping Deng of the Chinese Academy of Sciences' Shanghai Astronomical Observatory. Asimow said that if their conclusions are correct some volcanic rocks that reach Earth's surface may provide samples of a vanished planet.

Persons: Will Dunham WASHINGTON, Qian Yuan, Paul Asimow, Hongping Deng, Yuan, Asimow, Will Dunham, Rosalba O'Brien Organizations: Caltech, Chinese Academy of Sciences Locations: Africa, South Pacific, Theia, Shanghai

Mining companies in the West are facing two overarching challenges in trying to produce enough metals to enable the energy transition, and at the same time build alternative supply chains to lessen their dependence on China. There is little doubt that Australia is a country well-placed to play a major role in supplying many of the metals vital to the energy transition. The previous models for developing mines appear no longer effective, and even if some projects do progress, they are nowhere near enough to provide enough material for the energy transition. Michael Willoughby, global head of metals, mining and transition materials at HSBC, told a forum at IMARC that there is capital available for mining, but it's located in developing countries such as China, Indonesia and Saudi Arabia. What's not being talked about is how all the new mines, mineral processing and renewable energy equipment is going to be funded.

Persons: Washington Alves, Michael Willoughby, Willoughby, Miral Organizations: Sigma Lithium Corp, REUTERS, Rights, Reuters . Mining, Mining, Resources Conference, HSBC, Reuters, Thomson Locations: Itinga, Minas Gerais, Brazil, China, Sydney, Asia, Australia, CHINA, Indonesia, Saudi Arabia, New South Wales, U.S

We continue to encourage all countries to take tangible measures to halt the flow of arms, aviation fuel, and revenue to the military regime," U.S. Secretary of State Antony Blinken said in a separate statement. Canada imposed sanctions against 39 individuals and 22 entities for supporting Myanmar's military regime. The U.N. human rights expert for Myanmar in September called on the United States to further tighten sanctions on the country's military rulers to include the state oil and gas enterprise. Human rights advocates have repeatedly called for sanctions on MOGE, but Washington had so far held back. Myanmar military officials have played down the impact of sanctions.

Persons: Stringer, Washington, Antony Blinken, Brian Nelson, Simon Lewis, Daphne Psaledakis, Tim Gardner, Sarah Young, Ismail Shakil, Chizu Nomiyama, Rod Nickel Organizations: Army, Bank, REUTERS, Rights, Myanma, Gas Enterprise, U.S . Treasury Department, Reuters, Treasury, Financial, United Nations, Terrorism, Financial Intelligence, Chevron Corp, Chevron, Washington, Myanmar Foreign Trade Bank, Myanma Investment, Commercial Bank, Sky Royal Hero Company, General Staff, Myanmar's Army, Navy, Air Force, Thomson Locations: Yangon, Myanmar, United States, Washington, U.S, United Kingdom, Canada, Britain

☆ Crab Nebula glows in a new light in Webb telescope image
▼ + stars: | 2023-10-30 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

The Crab Nebula is a well-studied supernova remnant located 6,500 light-years away in the Taurus constellation. The Crab Nebula has been studied by other space observatories like the Hubble Space Telescope. Hubble's Crab Nebula — Hubble's Crab Nebula NASA/ESA/J. Loll Webb's Crab Nebula — Webb's Crab Nebula NASA/ESA/CSA/STScI/Tea TemimCapturing aspects of the ever-expanding Crab NebulaHubble captured the celestial object using an optical wavelength in 2005 (above left), while Webb’s latest infrared image (above right) revealed more of its structural details and inner workings. Yellow-white and green filaments, made of dust grains, appear in the Webb image for the first time.

Persons: James Webb, ”, Hester, Hubble, Webb Organizations: CNN, Telescope, Hubble, Princeton University, NASA, ESA, CSA, Webb Locations: China, Japan, New Jersey

☆ NASA's James Webb Space Telescope imaged a stunning supernova remnant and revealed details Hubble couldn't capture
▼ + stars: | 2023-10-30 | by ( Grace Eliza Goodwin | Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

NASA's James Webb Telescope has captured never-before-seen details of the Crab Nebula. AdvertisementAdvertisementNASA's James Webb Space Telescope has captured new views of a stunning nebula, revealing never-before-seen details. It's the heart of the Crab Nebula, called the Crab Pulsar. The Crab Nebula as shown by the Hubble Space Telescope in optical light (left) and the James Webb Space Telescope in infrared light (right). The Crab Nebula photographed by NASA's James Webb Space Telescope.

Persons: NASA's James Webb, —, James Webb, JWST, Temim, Hubble, Hester Organizations: NASA's James Webb Telescope, Service, Telescope, NASA, ESA, CSA, Princeton University, Hubble, James Webb Space, Arizona State University, NASA's James Webb Space Telescope

[1/2] U.S. Attorney General Merrick Garland gives a brief statement at the Justice Department in Washington, U.S., August 11, 2023. That puts the Biden administration's second year of corporate enforcement on par with the second year of the Trump administration's - the fifth-lowest corporate prosecutions on record. The new safe harbor program also "directly undermines" the Biden Administration's anti-monopoly efforts, they said. The Justice Department and Federal Trade Commission have mounted an unprecedented number of legal challenges to mergers since Biden took office. A recently-departed DOJ official told Reuters in August that more big corporate settlements were coming.

Persons: General Merrick Garland, Bonnie Cash, Joe Biden, Merrick Garland, Lisa Monaco, Monaco, Elizabeth Warren, Biden, Chris Prentice, Rod Nickel Organizations: U.S, Justice Department, REUTERS, U.S . Justice Department, Public Citizen, Democratic, Department of Justice, Public, Biden, Trump, The Justice Department, Federal Trade Commission, DOJ, Reuters, Thomson Locations: Washington , U.S, Monaco

☆ Canada's St. Lawrence Seaway workers' union agrees to tentative deal
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: 1 min

Companies St Lawrence Seaway Management Corp. FollowOTTAWA, Oct 29(Reuters) - A seaway workers' union in eastern Canada agreed to a new tentative labor contract on Sunday, ending a days-long strike that had impeded the movement of grains and other commodities on a key North American trade route linked to the Atlantic Ocean. The Unifor union, representing 361 workers along the St. Lawrence Seaway, said the agreement covers Unifor members at Locals 4211, 4212 and 4323 in Ontario and Locals 4319 and 4320 in Quebec, who work in the supervisory and engineering group and the maintenance, operations, and clerical group. Reporting by Ismail Shakil in Ottawa and Surbhi Misra in Bengaluru; Editing by Rod Nickel and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Ismail Shakil, Surbhi Misra, Rod Nickel, Kim Coghill Organizations: Lawrence Seaway Management Corp, seaway, Lawrence Seaway, Thomson Locations: OTTAWA, Canada, American, St, Lawrence, Ontario, Quebec, Ottawa, Bengaluru

☆ Zimbabwe extends multi-currency system to 2030
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

A man poses with Zimbabwe's new two dollar banknote as customers queue outside a bank in Harare, Zimbabwe, November 12, 2019. REUTERS/Philimon Bulawayo/File Photo Acquire Licensing RightsHARARE, Oct 27 (Reuters) - Zimbabwe's government will maintain its multi-currency system, anchored by the U.S. dollar, to 2030, it said on Friday. The government had previously said that the multi-currency system would end in 2025. "Settlement of any transaction or payment for goods and services in foreign currency, shall ... be valid until the 31st December, 2030," reads the gazette. The government reintroduced the local currency in 2019, but it rapidly lost value again.

Persons: Emmerson Mnangagwa, Nyasha Chingono, Nellie Peyton, Rod Nickel Organizations: REUTERS, Philimon, Rights, U.S ., Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights HARARE

He said creating different ads for various audiences can be expensive and expects Amazon's AI tools to save money for advertisers. Brendan Witcher, a principal analyst at Forrester, said that Amazon's generative AI ad tool will be "good for attracting and keeping a segment of third-party sellers and brands advertising on Amazon." Other companies including Ascendly Marketing are using generative AI imaging tools that combine pictures of public figures with products. His clients are seeing a bump in sales and Google click-through rates, a trend that Amazon wants to see for its own generative AI ad tools during the holiday season. Analysts expect Amazon's advertising business to earn $14.2 billion during the holiday quarter, up from $11.56 billion a year earlier, according to LSEG estimates.

Persons: Soren Larson, Andy Jassy, Jassy, Andy Friedland, Brendan Witcher, Forrester, Elvis Presley, Marshal Davis, Friedland, Witcher, Ascendly's Davis, Davis, Arriana McLymore, Siddharth Cavale, Rod Nickel Organizations: REUTERS, Black, Amazon, Ascendly, Google, Amazon's, Thomson Locations: Melville , New York, U.S, New York City

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