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☆ Dollar at 10-month top as US yields spike; yen slides
▼ + stars: | 2023-09-26 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSINGAPORE, Sept 26 (Reuters) - The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone. "Few currencies will resist the bullish dollar macro resiliency theme and the euro and Chinese yuan look more vulnerable than most." The yen has slowly but inexorably slid toward the 150-per-dollar mark as policymakers stuck with ultra-easy settings. The yen hit 148.97 to the dollar on Monday and last traded at 148.72.

Persons: Dado Ruvic, Sterling, Jane Foley, Tom Westbrook, Jamie Freed Organizations: REUTERS, Rights, Treasury, U.S, Australia's Westpac, Swiss, Traders, Bank of Japan, Thomson Locations: Rights SINGAPORE, Europe, Asia, U.S, Tokyo

☆ Up in the Air: Brazilian Firefighters Make Unusual Trip to Salvage Organ Transplant
▼ + stars: | 2023-09-26 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

RIO DE JANEIRO (Reuters) - When it comes to organ transplants, every second counts. But without immediate communication with Oliveira, firefighters decided to pick him up directly. "He would have lost this organ if he had not gotten to the hospital in time," firefighter spokesperson Major Fabio Contreiras said. Oliveira was able to arrive in time to the hospital and his surgery succeeded. "It was a huge mix of emotions, I didn't know whether to laugh, whether to cry, whether to believe," Oliveira said.

Persons: Ricardo Medeiros de Oliveira, Oliveira, Fabio Contreiras, Sergio Queiroz, Carolina Pulice, Jamie Freed Organizations: RIO DE, Reuters Locations: RIO DE JANEIRO, Rio de Janeiro

☆ Mexico eyes US energy exports from solar farm, chip supply chain role
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Mexico’s state of Sonora Governor Alfonso Durazo speaks during an interview with Reuters in Taipei, Taiwan September 25, 2023. During a visit to Taiwan, Sonora Governor Alfonso Durazo said the "Plan Sonora" solar energy project would not only help improve domestic connectivity to the national grid, but also to export to the United States. "We want to convert our state into an exporter of clean energy, particularly for semiconductor and electric vehicle industries." "Assuming as a natural complement of all these processes of relocation of investment in Arizona, we also see TSMC as an obvious option for Sonora state," he said. Sonora also boasts major lithium deposits, which Lopez Obrador formally nationalised in Mexico earlier this year.

Persons: Alfonso Durazo, Carlos Garcia Rawlins, Andres Manuel Lopez Obrador's, Durazo, Foxconn, Lopez, Ben Blanchard, Carlos Garcia, Jamie Freed Organizations: Reuters, REUTERS, Rights, Puerto, Apple, Hsinchu Science Park, EV, Thomson Locations: Sonora, Taipei, Taiwan, Rights TAIPEI, California, Arizona, Mexican, United States, Mexico, Foxconn, Hsinchu

Embattled Bamboo, Vietnam's No. "Bamboo Airways has reduced a number of pilot personnel recently to serve this goal," the statement said, denying that late payments of salaries were the reason behind the departures. Many staff at Bamboo have sometimes had to face delays in salary payments but this had not, until recently, affected foreign pilots who make up a large majority of the airline's pilot staff, the sources said. Messages seen by Reuters from an internal company chat forum that management uses to communicate with foreign pilots show some salary payments have been late. Bamboo, which flies both internationally and domestically, has around 17% of Vietnam's market share, its then CEO told local media in March.

Persons: Bamboo, Vietnam's, Bamboo's, Nguyen Ngoc Trong, Trong, Francesco Guarascio @fraguarascio, Khanh Vu, Phuong Nguyen, Mai Nguyen, Jamie Freed, Edwina Gibbs Organizations: Bamboo Airways, Airways, Reuters, Sacombank, Vietnam's, Thomson Locations: Samcombank, HANOI, United States

☆ Up in the air: Brazilian firefighters make unusual trip to salvage organ transplant
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Patient Ricardo Medeiros de Oliveira reacts after a kidney transplant at the hospital Santa Casa de Juiz de Fora, state of Minas Gerais, Brazil September 25, 2023. REUTERS/Michelle Cafiero Acquire Licensing RightsRIO DE JANEIRO, Sept 26 (Reuters) - When it comes to organ transplants, every second counts. But without immediate communication with Oliveira, firefighters decided to pick him up directly. "He would have lost this organ if he had not gotten to the hospital in time," firefighter spokesperson Major Fabio Contreiras said. Reporting by Sergio Queiroz; Writing by Carolina Pulice; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Ricardo Medeiros de Oliveira, Michelle Cafiero, Oliveira, Fabio Contreiras, Sergio Queiroz, Carolina Pulice, Jamie Freed Organizations: REUTERS, DE, Thomson Locations: de Fora, Minas Gerais, Brazil, DE JANEIRO, Rio de Janeiro

Striking United Auto Workers (UAW) union workers picket outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 23, 2023. Striking auto workers say they would like to see more support from elected officials as they push to get companies to share more of the profits. Republicans believe Biden's push to electrify America's vehicle fleet, by pumping billions of dollars of tax rebates into EV manufacturing, is unpopular with auto workers. In Michigan, Trump will criticize Biden's economic policies and incentives promoting EVs and say he would do a better job of protecting blue-collar workers if elected to a second term, Miller added. Biden's Michigan visit represents the most support a sitting president has shown striking workers since Theodore Roosevelt invited striking coal workers to the White House in 1902, historians said.

Persons: Nalio Chery, Joe Biden, Donald Trump, Biden, Shawn Fain, Fain, Dave Urban, Brandon Cappelletty, Trump, Robert Bruno, Ronald Reagan, Jason Miller, Miller, Karen Finney, Finney, Theodore Roosevelt, Nandita Bose, Jarrett Renshaw, Nathan Layne, David Shepardson, Heather Timmons, Jamie Freed Organizations: United Auto Workers, UAW, Ford Michigan Assembly Plant, REUTERS, Rights, Republican, Biden, Trump, General Motors, Ford, Chrysler, University of Illinois, Michigan, EV, Democratic, White House, Thomson Locations: Wayne , Michigan, U.S, Dieu, Michigan, Wayne County , Michigan, Detroit, Toledo , Ohio, Pennsylvania, Wisconsin, Biden's Michigan, Kansas City

Commander of the Russian Black Sea Fleet Vice-Admiral Viktor Sokolov salutes during a send-off ceremony for reservists drafted during partial mobilisation, in Sevastopol, Crimea September 27, 2022. "After the strike on the headquarters of the Russian Black Sea Fleet, 34 officers died, including the commander of the Russian Black Sea Fleet. In a statement after the attack, the Russian defence ministry said one serviceman was missing, revising an earlier statement that the man had been killed. Kyiv has said that destroying the Russian Black Sea fleet would significantly speed up the end of the war. Earlier this month, Russia's defence ministry said that Ukraine attacked a Black Sea naval shipyard with 10 cruise missiles.

Persons: Viktor Sokolov, Alexey Pavlishak, Mikhail Razvozhayev, Olena Harmash, Oleksandr Kozhukhar, Lidia Kelly, Timothy Heritage, Alex Richardson, Jamie Freed Organizations: Sea Fleet, REUTERS, Rights, Fleet, Russian Defence Ministry, Reuters, Black, Forces, Thomson Locations: Russian, Sevastopol, Crimea, Moscow, Russia, Ukraine, Crimean

☆ Molotov cocktails thrown at Cuban embassy in Washington, minister says
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

Sept 25 (Reuters) - An assailant attacked the Cuban embassy in Washington with two Molotov cocktails on Sunday night, Cuban Foreign Minister Bruno Rodriguez Parrilla said on messaging platform X, adding that nobody was hurt. The Cuban flag flutters in the wind after being raised at the Cuban Embassy reopening ceremony in Washington July 20, 2015. "We are in contact with Cuban embassy officials and law enforcement authorities to ensure an appropriate and timely investigation as well as to offer our support for future protective efforts," he said in a statement. Earlier this month, U.S. and Cuban officials made progress on a range of issues during high-level talks in Washington. Reporting by Natalia Siniawski and Costas Pitas; Editing by Peter Graff and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Rodriguez Parrilla, Miguel Díaz, Canel, Rodriguez, Gary Cameron, Jake Sullivan, Natalia Siniawski, Costas Pitas, Peter Graff, Jamie Freed Organizations: Cuban Foreign, United Nations, Cuban, Twitter, REUTERS, White House, Service, Biden, Thomson Locations: Cuban, Washington, New York, Cuba, United States

☆ China central-bank adviser proposes structural reforms to revive economy
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsSHANGHAI, Sept 24 (Reuters) - China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday. "More importantly, we will again miss the opportunity for structural reforms." Liu proposed on Sunday a new round of structural reforms that could aid the economy immediately, while also injecting long-term growth momentum. Liu said on Sunday that China should give clearer recognition to private businesses' status, both ideologically and politically.

Persons: Tingshu Wang, Liu Shijin, Liu, Jamie Freed Organizations: People's Bank of China, REUTERS, Rights, People's Bank of China's, U.S, Bund Summit, Development Research Center, State Council, Shanghai, Thomson Locations: Beijing, China, Shanghai

☆ China state asset manager plans $14 bln emerging industry fund -report
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Sept 24 (Reuters) - China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China Business News reported on Sunday. China's state-owned enterprises (SOEs) have been ramping up investment in emerging and strategic industries such as artificial intelligence, new energy, new materials and biotech as part of Beijing's SOE reforms. China Reform Holdings was set up in 2021 and tasked with deepening SOE reforms. It managed nearly 860 billion yuan of assets at the end of 2022, according to the company's website. ($1 = 7.2980 Chinese yuan renminbi)Reporting by Shanghai newsroom; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Jamie Freed Organizations: China Reform Holdings Corp, China Business, SOE, China Reform Holdings, Shanghai, Thomson Locations: SHANGHAI, China, China's

☆ Thailand expects Tesla, Google, Microsoft to invest $5 billion, prime minister says
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

Thailand's Prime Minister Srettha Thavisin speaks during a press conference after a weekly cabinet meeting at the government house in Bangkok, Thailand, September 13, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Sept 24 (Reuters) - Thailand's Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla (TSLA.O), Google (GOOGL.O) and Microsoft (MSFT.O). "Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centres," he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company. Tesla, Google and Microsoft did not respond immediately to requests for comment. Srettha spoke with Tesla CEO Elon Musk last week about the electric vehicle sector.

Persons: Srettha Thavisin, Athit, Tesla, Srettha, Elon Musk, Asia's, Chayut Setboonsarng, Jamie Freed Organizations: Thailand's, REUTERS, Rights, Tesla, Google, Microsoft, General Assembly, EV, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, New York

☆ Biden says Republicans should live up to budget deal
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden delivers remarks during the Congressional Black Caucus Foundation Phoenix Awards Dinner at the Walter E. Washington Convention Center in Washington, U.S., September 23, 2023. REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Sept 23 (Reuters) - U.S. President Joe Biden on Saturday rebuked what he called "extreme Republicans", saying the party's lawmakers needed to take immediate steps to prevent a government shutdown ahead of a Sept. 30 deadline. "Now a small group of extreme Republicans don't want to live up to the deal," he said. Biden also cast his 2024 campaign against likely Republican challenger former President Donald Trump as a battle against political extremism. "I wish I could say our threat to democracy ended with our victory in 2020 but it didn't," Biden said.

Persons: Joe Biden, Walter E, Elizabeth Frantz, Biden, Donald Trump, Trevor Hunnicut, Joel Schectman, William Mallard, Jamie Freed Organizations: Congressional Black Caucus Foundation, Washington Convention Center, REUTERS, Rights, Republican, Republicans, America, Thomson Locations: Washington , U.S

☆ China state asset manager plans $14 billion emerging industry fund, China Business News reports
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

Coins and a banknote of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Sept 24 (Reuters) - China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China Business News reported on Sunday. China Reform Holdings was set up in 2021 and tasked with deepening SOE reforms. It managed nearly 860 billion yuan of assets at the end of 2022, according to the company's website. ($1 = 7.2980 Chinese yuan renminbi)Reporting by Shanghai newsroom; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Jamie Freed Organizations: REUTERS, Rights, China Reform Holdings Corp, China Business, SOE, China Reform Holdings, Shanghai, Thomson Locations: China, China's

☆ One Police Officer Killed, Another Hurt in Kosovo Gunfire - PM Kurti
▼ + stars: | 2023-09-24 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

PRISTINA (Reuters) - One Kosovo police officer was killed and another injured in a shooting in a village in the north of Kosovo early on Sunday, in the first such major violence in months, Kosovo Prime Minister Albin Kurti said in a statement. "At this moment, gunfire with various caliber firearms against our police is still ongoing," Kurti said in a post on Facebook, describing the incident as terrorist action. Tensions have run high in Kosovo, the former Serbian province, after clashes in May when more than 90 NATO peacekeeping soldiers and some 50 Serb protesters were injured in northern Kosovo. Ethnic Albanians form more than 90% of the population in Kosovo, with Serbs being the majority only in its northern region where a Serb-majority municipalities association is planned. (Reporting by Fatos Bytyci; writing by Daria Sito-Sucic; Editing by Jamie Freed and Bernadette Baum)

Persons: Albin Kurti, Kurti, Josep Borrell, Fatos Bytyci, Daria Sito, Jamie Freed, Bernadette Baum Organizations: Facebook, NATO Locations: PRISTINA, Kosovo, Serbian

☆ One police officer killed, another hurt in Kosovo gunfire, PM Kurti says
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

PRISTINA, Sept 24 (Reuters) - One Kosovo police officer was killed and another injured in a shooting in a village in the north of Kosovo early on Sunday, in the first such major violence in months, Kosovo Prime Minister Albin Kurti said in a statement. "At this moment, gunfire with various caliber firearms against our police is still ongoing," Kurti said in a post on Facebook, describing the incident as terrorist action. Tensions have run high in Kosovo, the former Serbian province, after clashes in May when more than 90 NATO peacekeeping soldiers and some 50 Serb protesters were injured in northern Kosovo. Ethnic Albanians form more than 90% of the population in Kosovo, with Serbs being the majority only in its northern region where a Serb-majority municipalities association is planned. read moreReporting by Fatos Bytyci; writing by Daria Sito-Sucic; Editing by Jamie Freed and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Albin Kurti, Kurti, Josep Borrell, Fatos Bytyci, Daria Sito, Jamie Freed, Bernadette Baum Organizations: Facebook, NATO, Thomson Locations: PRISTINA, Kosovo, Serbian

☆ Sakkari beats Dolehide to win Guadalajara title
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +2 min

Second seed Sakkari powered past Dolehide, who is ranked 111th in the world, for a 7-5 6-3 victory to capture her second career title, ending the week without dropping a set. Sakkari had lost six finals since winning her first title at the WTA 250 tournament in Rabat in 2019. "We've heard so many bad things - that I will never win a title, that I'm a top-five player with only winning one title," said Sakkari, who broke down in tears after her win. We've waited for more than four years for a second title." In Saturday's final, Dolehide rallied from a break down in a tight opening set to take a 5-4 lead, but Sakkari won the next three games to take the set.

Persons: Maria Sakkari, Caroline Dolehide, Henry Romero, American Caroline, Sakkari, Jessica Pegula, We've, Tom, Dolehide, Hritika Sharma, Jamie Freed Organizations: Panamerican Tennis Center, U.S, REUTERS, WTA, Thomson Locations: Guadalajara, Mexico, Greece, American, Rabat, Hyderabad

☆ El Paso, Texas 'at a breaking point' amid jump in migration, mayor says
▼ + stars: | 2023-09-23 | by ( Sharon Bernstein | ) www.reuters.com time to read: +2 min

[1/2] Migrants sleep on the street after being released from U.S. Border Patrol custody in downtown El Paso, Texas, U.S., September 12, 2023. "The city of El Paso only has so many resources and we have come to ... a breaking point right now," Mayor Oscar Leeser said at a news conference. But Leeser, a Democrat, said all of the migrants on the El Paso buses were going voluntarily to the cities of their choice. As recently as six weeks ago, about 350 to 400 people were crossing into El Paso per day, but the past few days have brought 2,000 or more. About two-thirds of those crossing into El Paso currently are single men, he said.

Persons: Jose Luis Gonzalez, Oscar Leeser, Joe Biden, Lesser, Leeser, Biden, Sharon Bernstein, David Gregorio, Jamie Freed Organizations: U.S . Border Patrol, REUTERS, El, Thomson Locations: U.S, El Paso , Texas, Mexico, El Paso, Mexican, San Diego , California, Texas, Eagle, New York, Chicago, Denver, Florida, Sacramento, Venezuela

☆ California lets insurers factor wildfire risks in rates to widen coverage
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

A house is fully engulfed by flames at the Dixie Fire, a wildfire near the town of Greenville, California, U.S. August 5, 2021. REUTERS/Fred Greaves/File Photo Acquire Licensing RightsCompanies Liberty Mutual Group Inc FollowSept 21 (Reuters) - California Insurance Commissioner Ricardo Lara took steps on Thursday to allow property insurers to factor in climate risks including wildfires in rate prices, if they increase underwriting in at-risk areas to wean consumers off state-funded coverage. The measures by the state's insurance regulator follow an executive order by Governor Gavin Newsom urging regulatory action to expand coverage in underserved areas, account for catastrophe risks in rates, and keep the FAIR Plan solvent. The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year. Reporting by Deep Vakil in Bengaluru; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Fred Greaves, Ricardo Lara, Lara, Gavin Newsom, Gallagher, Fitch, Jamie Freed Organizations: REUTERS, Companies Liberty Mutual Group, California Insurance, State Farm, Liberty Mutual, FAIR, Gallagher Re, Thomson Locations: Greenville , California, U.S, California, Florida, Bengaluru

REUTERS/Michael Swensen Acquire Licensing RightsCHICAGO, Sept 21 (Reuters) - United Auto Workers (UAW) members rallied against the Detroit Three automakers in multiple U.S. states on Thursday afternoon as Friday's deadline loomed for a threatened expansion of the union's strikes. The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). UAW workers want to end a tiered wage structure that they say has created a large gap between newer and older employees, forcing some to work two jobs to make ends meet. On Thursday morning, Fain posted a video message on X, formerly known as Twitter, to UAW members about the Friday deadline, showing scenes from several Hollywood movies with the characters saying "tick tock." Fain has said Detroit automakers have not shared their huge profits with workers while enriching executives and investors.

Persons: Phaedra Grant, Michael Swensen, Ayanna Dixon, Shawn Fain, Fain, Ford, Stellantis, Joe Biden, Karine Jean, Pierre said, Ram, Morgan Stanley, Adam Jonas, Eikon, Mark Reuss, Reuss, Tesla, Bianca Flowers, Hyunjoo Jin, David Shepardson, Ben Klayman, Kannaki, Peter Henderson, Jamie Freed, Nick Zieminski, Matthew Lewis Organizations: Ford, UAW, REUTERS, Rights, United Auto Workers, Detroit Three, General Motors, Chrysler, Reuters, GM, GM's, Silverado, Detroit, Detroit Free Press, Toyota, Tacoma, EV, Thomson Locations: Louisville , Kentucky, U.S, Chicago, San Francisco, Louisville, Washington, Detroit, Bengaluru

[1/2] Republican presidential candidate Donald Trump (R) speaks to media mogul Rupert Murdoch as they walk out of Trump International Golf Links in Aberdeen, Scotland, June 25, 2016. "This provides an opportunity for a reset between President Trump and the Fox News network," Republican strategist Ron Bonjean said of Lachlan Murdoch's appointment. "The question is: does Lachlan Murdoch want to have a positive relationship with former President Donald Trump? Fox News did not immediately respond to a request for comment about political coverage under Lachlan Murdoch. Stuelpnagel said he believed the high cost of the Dominion lawsuit might make Lachlan Murdoch tread carefully on Trump coverage.

Persons: Donald Trump, Rupert Murdoch, Carlo Allegri, Rupert Murdoch's, Trump, Fox, Rupert Murdoch's son, Lachlan Murdoch, Biden, Ron Bonjean, Lachlan Murdoch's, Bret Baier, Jason Osborne, Osborne, Hillary Clinton, Larry Stuelpnagel, Dan Cassino, Karen Finney, Finney, Stuelpnagel, Lachlan, Tim Reid, Nathan Layne, Alexandra Ulmer, Heather Timmons, Jamie Freed Organizations: Republican, Trump, REUTERS, Fox Corp, News Corp, Fox News, Dominion, Systems, Fox, Republicans, Social, America News Network, Northwestern University, Fairleigh Dickinson University, Democratic, Thomson Locations: Aberdeen, Scotland, American, New Jersey

☆ Rupert Murdoch's exit ends chapter for polarising figure in his native Australia
▼ + stars: | 2023-09-22 | by ( Byron Kaye | ) www.reuters.com time to read: +5 min

Even at a time when media consumption is splintering from traditional routes, particularly among younger people, Murdoch's influence is embedded in the country's information ecosystem because of its massive reach, media experts said. His local properties include Sky News Australia, a cable TV channel fashioned on the partisan style of U.S. network Fox News. "The Murdoch papers still have that key reach with working-class demographics that can still be influential," he said. "He has been in lots of ways a controversial figure, but an influential figure too, and this is an end of an era at News." Murdoch's exit cuts a native tie between News Corp and Fox Corp and Australia, where Murdoch was born.

Persons: Rupert Murdoch, Jonathan Ernst, Rupert Murdoch's, Stephen Mayne, Murdoch, Mayne, Shane Homan, Honan, Jim Chalmers, Chalmers, Penny Wong, Malcolm Turnbull, it's, Turnbull, Lachlan Murdoch, James Murdoch, Byron Kaye, Jamie Freed Organizations: USS, Air, Space Museum, REUTERS, Rights, Fox Corp, News Corp, Sky News Australia, Fox, Sky, Monash, Australian Broadcasting Corp, Labor, Labor Party, News, America, ABC, Google, Thomson Locations: New York, U.S, Adelaide, Australia, Britain, Australian, Sydney, Canada

☆ Detroit Three under pressure to progress UAW talks, avoid wider auto strikes
▼ + stars: | 2023-09-21 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

Striking United Auto Workers members picket outside the Stellantis Jeep plant in Toledo, Ohio, U.S. September 19, 2023. The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). The city is home to Ford's Louisville assembly plant and its Kentucky truck plant. Ford CEO Jim Farley has previously said the Kentucky truck plant, which assembles F-Series trucks, is the company's most profitable plant globally. Fain has said Detroit automakers have not shared their huge profits with workers while enriching executives and investors.

Persons: Rebecca Cook, Stellantis, Shawn Fain, We're, Jim Farley, Ram, Eikon, Fain, Mark Reuss, Reuss, Hyunjoo Jin, Jamie Freed Organizations: United Auto Workers, REUTERS, UAW, Detroit Three, General Motors, Ford, Chrysler, Wednesday, GM, GM's, Silverado, Detroit, Detroit Free Press, Toyota, Tacoma, EV, Thomson Locations: Toledo , Ohio, U.S, furloughing, Louisville , Kentucky, Louisville, Kentucky, San Francisco

Asia's hydropower output fell 17.9% during the seven months through July, data from energy think tank Ember showed, while fossil fuel-fired power rose 4.5%. In India, hydropower generation fell 6.2% during the eight months ended August in the sharpest decline since 2016. In some cases, the hydropower output plunge was a result of efforts to conserve water and alter supply patterns. "This trend of rapidly increasing wind or solar power generation in China could push for hydropower playing this critical regulating function, instead of operating whenever there is water," he added. However, unlike hydro, wind power is harder to forecast and control, as it varies by local weather conditions.

Persons: Carlos Torres Diaz, Rystad, Lauri Myllyvirta, Myllyvirta, Ember, Victor Vanya, Sudarshan Varadhan, Jamie Freed Organizations: REUTERS, Rights, National Bureau, International Energy Agency, Centre for Research, Clean Energy, Air, Thomson Locations: Qiaojia, Yunnan province, Ningnan, Sichuan province, China, Rights SINGAPORE, Asia, India, Vietnam, India's, Philippines, Malaysia, Ember

DETROIT, Sept 20 (Reuters) - Talks were ongoing on Wednesday between union representatives and company management in the sixth day of the United Auto Workers strike at the Detroit Three automakers, a day after Ford (F.N) averted a walkout by Canadian workers. The UAW launched a strike against Ford, General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI) last week, targeting one U.S. assembly plant at each company. The UAW's coordinated U.S. action led to about 12,700 workers going on strike last week. Ford reached a last-minute deal to avoid a walkout at its Canadian operations late on Tuesday. Unifor, which represents about 5,600 Canadian auto workers, had been threatening to go on strike at all three of Ford's plants in that country if a deal was not reached by late on Tuesday.

Persons: Ford, Mark Reuss, Carlos Osorio, Ram, Unifor, Stellantis, Anirudh Saligrama, David Shepardson, Ben Klayman, Will Dunham, Richard Chang, Jamie Freed Organizations: DETROIT, United Auto Workers, Detroit Three, Ford, UAW, General Motors, Chrysler, Ford Bronco, Chevrolet, Motors, Detroit, Detroit Free Press, Plant, REUTERS, GM's, Silverado, GM, RSM, Kokomo, Thomson Locations: Michigan , Ohio, Missouri, Chevrolet Colorado, Kansas, Oakville, Oakville , Ontario, Canada, Ford Canada, Canadian, Ohio, Indiana, Toledo, Kokomo , Indiana, Bengaluru, Washington, Detroit

☆ Stocks stalled as oil surge sets stage for longer US rate peak
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But at $93.52 a barrel, prices remain up 30% in three months as Saudi Arabia and Russia reduce output. Benchmark 10-year Treasury yields had hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The yen is down 11% on the dollar this year as expectations firm for U.S. rates to stay high and Japanese rates to stay low. The yen hit a 10-month trough of 147.95 to the dollar late last week and it traded at 147.85 on Wednesday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, Stocks, Jerome, Sam Rines, Powell presser, Masato Kanda, Eugene Low, Miral Fahmy, Jamie Freed Organizations: Federal Reserve, Brent, FTSE, Japan's Nikkei, Bank of, New Zealand, Thomson Locations: SINGAPORE, Asia, Saudi Arabia, Russia, Pacific, Japan, Hong Kong, China, Texas, Sweden, Switzerland, Norway, Britain, U.S, Singapore, Australia, Argentina

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