Tag Archives: GOLM

Criminal justice postgrad charged with murdering 4 Idaho university students

Dec 30 (Reuters) – A grad student seeking a criminal justice degree from Washington State University has been arrested and charged with first-degree murder in the stabbing deaths of four University of Idaho students more than six weeks ago, officials said on Friday.

Police in eastern Pennsylvania acting on a fugitive arrest warrant took Bryan Christopher Kohberger, 28, into custody on Thursday night, according to James Fry, chief of police in Moscow, Idaho, where the University of Idaho campus is located. Fry said Kohberger resides in Pennsylvania.

Kohberger was arraigned in Pennsylvania and remained jailed without bond awaiting a hearing on Tuesday to determine whether he will waive extradition and return voluntarily to Idaho to face charges in the high-profile case, said Latah County, Idaho, prosecutor Bill Thompson.

Thompson said Kohberger was charged with four counts of first-degree murder and felony burglary in a crime that unnerved the small college town in Idaho’s northwest panhandle where the four victims – three women and a man in their early 20s – were slain.

The four were all found fatally stabbed on the morning of Nov. 13 inside the off-campus house where the three women lived, two of them staying in one room, and one sharing her room with the fourth victim, her boyfriend.

Two other female roommates in the house at the time were unharmed, apparently sleeping through the killings. Police said the cellphone of one of the survivors was used to call emergency-911 when the bodies were first discovered.

“This is not the end of this investigation. In fact it is a new beginning,” Thompson told a news conference.

The victims – identified as Ethan Chapin, 20, of Conway, Washington; Xana Kernodle, 20, of Avondale, Arizona; Madison Mogen, 21, of Coeur d’Alene, Idaho; and Kaylee Goncalves, 21, of Rathdrum, Idaho – all suffered multiple stab wounds, Fry said. Some of the bodies also showed defensive wounds, Fry said, suggesting they had tried to fend off their attacker.

NIGHT OUT BEFORE KILLINGS

Chapin and his girlfriend, Kernodle, had attended a fraternity party the night before, while Mogen and Goncalves, who were best friends, had visited a local bar and food truck. Both pairs returned to the house shortly before 2 a.m. The two other roommates had gotten home about an hour earlier.

Authorities say they believe the slayings occurred between 3 and 4 a.m. on Nov. 13.

The victims appeared to have been killed with a knife or some other “edged” weapon, police have said. Fry said the murder weapon has not been recovered, though police had found a car they were searching for in connection with the killings.

Authorities said Kohberger was a graduate student at Washington State University (WSU) in Pullman, Washington, about 10 miles from the University of Idaho campus.

WSU issued a statement on Friday saying its police department and Idaho law enforcement officers searched both Kohberger’s apartment residence and his office on campus.

It said Kohberger “had completed his first semester as a PhD student in WSU’s criminal justice program earlier this month,” suggesting he had remained on campus, just miles away from the crime scene across the Idaho state line, for a number of weeks before returning to Pennsylvania.

Asked at the press conference in Moscow whether authorities there were seeking additional suspects, Fry said, “We have an individual in custody who committed these horrible crimes, and I do believe our community is safe.”

Fry said his department had received more than 19,000 tips from the public and had conducted more than 300 interviews as part of its investigation, assisted by state police and the FBI. He and Thompson urged anyone who knew anything about the accused killer to come forward.

He declined to offer a possible motive for the crime or to give any details about the investigation, such as how authorities traced Kohberger to Albrightsville, Pennsylvania, a small community in the Pocono Mountains resort region about 90 miles north of Philadelphia, where he was arrested.

Thompson said more details would emerge publicly from a probable-cause affidavit that summarizes the factual basis for the charges but remains under court seal until the suspect is physically back in Idaho to be served his arrest warrant.

Reporting by Rich McKay in Atlanta and Steve Gorman in Los Angeles; Additional reporting by Brendan O’Brien in Chicago and Jonathan Allen in New York; Editing by David Gregorio and Neil Fullick

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Canada orders three Chinese firms to exit lithium mining

  • China says Canada breaks trade and market rules
  • Chinese companies’ shares fall
  • Companies say do not expect major impact on performance

OTTAWA/BEIJING, Nov 2 (Reuters) – Canada ordered three Chinese companies on Wednesday to divest their investments in Canadian critical minerals, citing national security.

China in response accused Ottawa of using national security as a pretext and said the divestment order broke international commerce and market rules.

As countries compete to shore up reserves of materials needed for a transition to a cleaner economy, the news pushed down the Chinese companies’ shares on Thursday, although they said in stock exchange filings they did not expect a major impact on their performance.

The three ordered to divest their investments are Sinomine (Hong Kong) Rare Metals Resources Co Ltd, Chengze Lithium International Ltd, also based in Hong Kong, and Zangge Mining Investment (Chengdu) Co Ltd.

The Canadian government ordered the divestiture after “rigorous scrutiny” of foreign firms by Canada’s national security and intelligence community, Industry Minister Francois-Philippe Champagne said in a statement.

“While Canada continues to welcome foreign direct investment, we will act decisively when investments threaten our national security and our critical minerals supply chains, both at home and abroad,” Champagne said.

Sinomine was asked to sell its investment in Power Metals Corp (PWM.V), Chengze Lithium was asked to divest its investment in Lithium Chile Inc (LITH.V) and Zangge Mining required to exit Ultra Lithium Inc (ULT.V).

‘UNREASONABLE’

Chinese foreign ministry spokesperson Zhao Lijian said the Canadian government was using national security as a pretext to block normal cooperation between Chinese and Canadian companies and was damaging global supply chains.

“China urges Canada to stop the unreasonably targeting Chinese companies (in Canada) and provide (them) with a fair, impartial and non-discriminatory business environment,” Zhao told a regular news briefing, adding that Beijing would resolutely defend the legitimate rights and interests of Chinese companies

Spot lithium prices have risen by more than 200% in the last year, driven by supply constraints that are expected to endure.

Rystad Energy forcast primary lithium minerals supply to be 8.5% short of the total lithium demand 2025, compared with about 10% short of demand this year.

“The latest attitude from Ottawa underscores the global competition of critical battery minerals in light of projected EV battery demand boom,” Susan Zou, a senior analyst at Rystad Energy, said of Canada’s decision.

The share price of Sinomine Resources fell 7.8% to 86.74 yuan ($11.86) on Thursday, while Chengxin’s share price fell by as much as 4% but closed at 0.7% higher at 45.65 yuan. Zangge Mining’s share price slid 3.7% during the day before edging 1.1% up to close at 28.96 yuan.

Last week, Ottawa said it must build a resilient critical minerals supply chain with like-minded partners, as it outlined rules meant to protect the country’s critical minerals sectors from foreign state-owned companies.

“The federal government is determined to work with Canadian businesses to attract foreign direct investments from partners that share our interests and values,” Champagne said.

Canada has large deposits of critical minerals such as nickel and cobalt essential for cleaner energy and other technologies. Demand for the minerals is projected to expand in the coming decades.

Earlier this year, countries including Britain, Canada and the United States established a partnership aimed at securing the supply of critical minerals as global demand for them rises.

($1 = 7.3163 Chinese yuan renminbi)

Reporting by Ismail Shakil in Ottawa and Siyi Liu in Beijing, additional reporting by Eduardo Baptista in Beijing
Editing by Chris Reese, Sandra Maler and Barbara Lewis

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Ethiopia peace talks delayed for logistical reasons

NAIROBI, Oct 7 (Reuters) – African Union-led peace talks proposed for this weekend to try to end a two-year-old conflict in northern Ethiopia’s Tigray region have been delayed for logistical reasons, Tigray forces and two diplomatic sources said on Friday.

Ethiopia’s government and Tigray forces said on Wednesday that they accepted the AU’s invitation to talks in South Africa, which would be the first formal negotiations between the two sides since war broke out in November 2020.

The conflict in Africa’s second most populous nation pits the federal government against regional forces led by a party that used to dominate national politics. Thousands of civilians have been killed and millions uprooted by the violence.

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At least five people were killed and 37 more wounded on Friday in an air strike about 30 km (18 miles) outside Tigray’s capital, Mekelle, said Kibrom Gebreselassie, the director of the hospital that received the victims.

Ethiopian government spokesperson Legesse Tulu, military spokesperson Colonel Getnet Adane and the prime minister’s spokesperson Billene Seyoum did not immediately respond to requests for comment about the incident.

The diplomatic sources, who asked not to be named, said the postponement of this weekend’s talks was related to organising logistics and that a new date had not yet been scheduled.

Getachew Reda, a spokesperson for Tigray forces, said the AU did not consult Tigrayan leaders before sending out the invitations.

“You don’t just expect people to show up on a certain date as if this was some kind of get-together,” he said in a text message.

Ethiopian government spokesperson Legesse Tulu and Ebba Kalondo, an AU spokesperson, did not immediately respond to requests for comment about this.

Despite the agreement to hold talks, various parties have voiced concerns.

Some activists from Amhara, a region bordering Tigray that has fought alongside the federal government in the war, oppose the talks.

“The current AU-led peace talks process excludes Amharas – the largest affected group in the war,” the Amhara Association of America, a lobby group, said in a statement.

Even in its letter accepting the AU invitation, the leader of Tigray forces suggested he had reservations, asking for clarification on who had been invited as participants, observers and guarantors.

“There are a number of issues that need to be resolved before (talks) occurs, and mediators will then face a major challenge … to get the two parties to commit to a new truce,” said William Davison, senior analyst for Ethiopia at the International Crisis Group think-tank.

Meanwhile, the government of neighbouring Eritrea, which has also fought alongside Ethiopia’s federal government in the war, has not been invited to the talks, the two diplomats said.

Eritrean Information Minister Yemane Gebremeskel did not immediately respond to a request for comment.

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Reporting by Nairobi Newsroom; Editing by Frances Kerry, William Maclean and Toby Chopra

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S&P 500 ends choppy session nearly flat; investors eye Fed, earnings

  • Apple, Amazon.com among companies to report earnings this week
  • FOMC to kick off two-day policy meeting from Tuesday
  • Miner Newmont falls after raising annual cost forecast
  • Indexes: Dow up 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4%

NEW YORK, July 25 (Reuters) – The S&P 500 see-sawed on Monday and ended close to unchanged as investors girded for an expected rate hike at a Federal Reserve meeting this week and earnings from several large-cap growth companies.

The Nasdaq ended lower, and S&P 500 technology (.SPLRCT) and consumer discretionary (.SPLRCD) led declines among major S&P sectors. The energy sector (.SPNY) gained along with oil prices.

“Right now we’re just in a holding pattern waiting for all those developments to play out,” said Michael O’Rourke, chief market strategist at JonesTrading in Stamford, Connecticut.

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The Fed is expected to announce a 75 basis-point rate hike at the end of its two-day monetary policy meeting on Wednesday, effectively ending pandemic-era support for the U.S. economy.

Comments by Fed Chairman Jerome Powell following the announcement will be key, as some investors worry that aggressive rate hikes could tip the U.S. economy into recession. read more

This week is expected to be the busiest in the second-quarter reporting period, with results from about 170 S&P 500 companies due. Microsoft Corp (MSFT.O) and Google-parent Alphabet (GOOGL.O) are due to report Tuesday. Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) are set for Thursday.

“It’s a crucial earnings season for the market, especially given the (recent) attempt by Nasdaq to climb higher,” said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina.

The Nasdaq, which has led declines among major sectors this year, gained more than 3% last week.

The Dow Jones Industrial Average (.DJI) rose 90.75 points, or 0.28%, to 31,990.04, the S&P 500 (.SPX) gained 5.21 points, or 0.13%, to 3,966.84 and the Nasdaq Composite (.IXIC) dropped 51.45 points, or 0.43%, to 11,782.67.

After the closing bell, shares of Walmart (WMT.N) were down more than 8% after the retailer said it was cutting its forecast for full-year profit and blamed food and fuel inflation. read more

S&P 500 earnings are expected to have climbed 6.1% for the second quarter from the year-ago period, according to IBES data from Refinitiv. Along with inflation and rising interest rates, investors have been concerned about the impact of currency headwinds and lingering supply chain issues for companies this earnings season.

Tuesday brings reports on two housing indicators – the S&P Case-Shiller’s 20-city composite (USSHPQ=ECI) and the Commerce Department’s new home sales number.

Recent housing data has suggested the sector may be a harbinger of a cooling economy. read more

Newmont Corp (NEM.N)fell 13.2% after the miner raised its annual cost forecast and missed its second-quarter profit, hurt by lower gold prices and inflationary pressures. read more

Volume on U.S. exchanges was 9.34 billion shares, compared with the 11.0 billion average for the full session over the last 20 trading days.

Advancing issues outnumbered declining ones on the NYSE by a 1.55-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored decliners.

The S&P 500 posted 1 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 50 new highs and 105 new lows.

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Reporting by Caroline Valetkevitch; additional reporting by Shreyashi Sanyal and Aniruddha Ghosh in Bengaluru and Sinead Carew in New York; Editing by Sriraj Kalluvila, Anil D’Silva and David Gregorio

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White nationalists accused of planning riot are bailed out of Idaho jail

June 13 (Reuters) – Thirty-one members of white nationalist group Patriot Front, arrested in Idaho over the weekend on suspicion of plotting to violently disrupt an LGBTQ pride event, were released from jail on bond and will make their initial court appearances in the coming weeks, a court official said on Monday.

The men, arrested on Saturday after the U-Haul rental truck they were riding in was pulled over, face misdemeanor charges of conspiracy to riot, according to Coeur d’Alene, Idaho, Police Chief Lee White.

A local resident called authorities after spotting the group of men, all dressed alike with white gaiter-style masks and carrying shields, loading themselves into the truck “like a little army,” White said.

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Police stopped the truck about 10 minutes after the call, a short distance from the “Pride in the Park” event, he said.

Karlene Behringer, the trial court administrator in Kootenai County, confirmed that the men bonded out of jail and will appear in court at a later date.

During a news conference on Monday, White said authorities had no prior knowledge of the group’s plans in Coeur d’Alene, an Idaho Panhandle city about 380 miles (612 km) north of the capital, Boise.

“One lesson we have for our community … is one concerned citizen can prevent something horrible from happening,” White said.

Video taken at the scene of the arrest and posted online showed a group of men in police custody, kneeling next to the truck with their hands bound, wearing similar khaki pants, blue shirts, white masks and baseball caps.

Police officers seized from the truck at least one smoke grenade, a collection of shields and shin guards and documents that included an “operations plan,” White said over the weekend, adding these items made their intentions clear.

“That level of preparation was not something you see everyday,” he said. “It was clear to us immediately that this was a riotous group.”

The men had come from at least 11 states across the country, White said, including Texas, Colorado and Virginia.

Since the arrest, White said, he and others in his department have received death threats. He gave no details.

The Patriot Front formed in the aftermath of the 2017 white nationalist “Unite the Right” rally in Charlottesville, Virginia, when it broke off from another extremist group, Vanguard America, according to the Southern Poverty Law Center, which tracks hate groups.

Saturday’s pride event, described by organizers as the largest ever in North Idaho, drew a crowd of several hundred people for festivities that included a talent show and drag queen dance hour, local media reported.

“We are in the same city that we were last week,” Coeur d’Alene Mayor Jim Hammond said on Monday. “We are a city that respects everyone, that welcomes everyone.”

KREM-TV in Spokane reported several smaller groups turned out to protest the gathering, with dozens of individuals seen carrying guns on the fringe of the park in what organizers said was an attempt to intimidate those attending the LGBTQ event.

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Reporting by Joseph Ax; Editing by Daniel Wallis, Chris Reese, Nick Zieminski, Jonathan Oatis and David Gregorio

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Allianz, Swiss Re join other financial firms in turning from Russia

  • Allianz says stopped insuring new business in Russia
  • Swiss Re says not renewing business with Russian clients
  • Europe’s securities regulator says ensuring orderly markets
  • Deutsche changes position late on Friday
  • FTSE Russell ejects four UK-listed, Russia-focused stocks

FRANKFURT/LONDON/ZURICH, March 14 (Reuters) – Allianz (ALVG.DE) and Swiss Re (SRENH.S) said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia.

The German insurer and Swiss reinsurer join banks Deutsche (DBKGn.DE), Goldman Sachs (GS.N) and JPMorgan Chase (JPM.N) which have exited Russia following its Feb. 24 invasion of Ukraine and subsequent Western government sanctions.

The moves will pile pressure on others to follow.

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Allianz said it had put a stop to insuring new business in Russia and was no longer investing in Russia for its own portfolio. read more

Swiss Re said it was not taking on new business with Russian and Belarusian clients and was not renewing existing business with Russian clients. In a statement sent via email, Swiss Re said it was reviewing its current business relationships in Russia and Belarus. read more

The decisions follow similar action by other major European insurers and reinsurers, which provide cover for large projects such as energy installations.

Insurer Zurich (ZURN.S) no longer takes on new domestic customers in Russia and will not renew existing local business, a spokesperson told Reuters on Monday.

Hannover Re (HNRGn.DE) said last week that new business and renewals for customers in Russia and Belarus were on hold, while Italian insurer Generali (GASI.MI) said earlier this month it would pull out of Russia. read more

Insurance broker Willis Towers Watson (WTY.F) also said on Sunday it would withdraw from Russia, following similar moves by rivals Marsh (MMC.N) and Aon (AON.N).

Asset managers have said they will not make new investments in Russia and many Russian-focused funds have frozen because they are unable to trade following the sanctions and counter-measures taken by Russia. read more

The European Union’s markets watchdog ESMA said on Monday it was coordinating the bloc’s regulatory response to the Ukraine conflict to ensure markets continued to function in an orderly manner.

Britain’s pensions regulator said the sector had little direct exposure to Russia, but that there were practical difficulties in selling Russian assets. read more

Ukraine said on Monday it had begun “hard” talks with Russia on a ceasefire, immediate withdrawal of troops and security guarantees after both sides reported rare progress in negotiations at the weekend, despite Russian bombardments. read more

Russia calls its actions in Ukraine a “special operation”.

WINDING DOWN

Deutsche, which had faced stinging criticism from some investors and politicians for its ongoing ties to Russia, announced late on Friday that it would wind down its business there. read more

It was a surprise reversal by the Frankfurt-based lender, which had previously argued that it needed to support multinational firms doing business in Russia.

Britain’s London Stock Exchange Group also said late on Friday it was suspending all products and services for all customers in Russia, days after suspending the distribution of news and commentary in the country following new laws in Moscow. read more

Index provider FTSE Russell said on Monday it would delete four UK-listed, Russia-focused companies including Roman Abramovich’s Evraz (EVRE.L) after many brokers refused to trade their shares.

Evraz, along with Polymetal International (POLYP.L), Petropavlovsk (POG.L) and Raven Property Group (RAV.L), would be deleted from all FTSE’s indexes during the March review, it said in a statement.

FTSE Russell said it had received feedback from its External Advisory Committees and market participants that trading in the shares was “severely restricted” as brokers refused to handle the securities, hitting market liquidity. read more

JPMorgan says the majority of forecast risk for European banks from the Russia shock will come from commodity and economic spillover effects, with the sector plunging since the end of February.

European banking stocks (.SX7P) have come off their lows in recent days, however, and rose 3.8% on Monday.

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Additional reporting by Marc Jones, Iain Withers and Joao Manuel Mauricio, Writing by Carolyn Cohn, Editing by Catherine Evans

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Automakers idle production following Russia’s invasion, other firms also scramble

Feb 25 (Reuters) – Several companies, including automakers Volkswagen (VOWG_p.DE) and Renault (RENA.PA) and tire maker Nokian Tyres (TYRES.HE), on Friday outlined plans to shut or shift manufacturing operations following Russia’s invasion of Ukraine.

After invading earlier this week, Russian forces pressed their advance on Friday as missiles pounded Kyiv and authorities said they were girding for an assault aimed at overthrowing the government. read more

The United States announced sweeping export restrictions against Russia on Thursday, hammering its access to global exports of goods ranging from commercial electronics and computers to semiconductors and aircraft parts. That could lead companies to alter manufacturing plans or seek alternative supply lines. read more

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The invasion was a factor in consulting firms J.D. Power and LMC Automotive slashing their 2022 global new-car sales outlook by 400,000 vehicles to 85.8 million units. The auto industry had already been dealing with a tight supply of vehicles due to the global semiconductor shortage. read more

“An already-tight supply of vehicles and high prices across the globe will be under added pressure based on the severity and duration of the conflict in Ukraine,” said Jeff Schuster, president of global vehicle forecasts at LMC.

“Rising oil and aluminum prices will likely affect consumers’ willingness and ability to purchase vehicles, even if inventory improves,” he added. “We have made significant downgrades to the Ukraine and Russia forecasts due to the escalating conflict between the two and the repercussions associated with sanctions against Russia.”

The conflict could boost oil prices above $100 a barrel, which would add inflationary pressure on European and American consumers, Wells Fargo analyst Colin Langan said in a research note. While consumers have been willing to pay above sticker price to get new vehicles, sustained higher gas prices could impact long-term recovery, he said.

Germany’s Volkswagen said it would halt production for a few days at two German factories after a delay in getting parts made in Ukraine. read more

France’s Renault said it would suspend some operations at its car assembly plants in Russia next week due to logistics bottlenecks caused by parts shortages. It did not specify whether its supply chain had been hit by the conflict, but a spokeswoman said the action was a consequence of reinforced borders between Russia and neighboring countries through which parts are carried by truck. read more

The carmaker is among Western companies most exposed to Russia, where it makes 8% of its core earnings according to Citibank.

“Interruptions are primarily caused by tighter border controls in transit countries and the forced need to change a number of established logistics routes,” the company’s Russian unit said, without naming any countries.

Russian carmaker Avtovaz (AVAZI_p.MM), controlled by Renault, also said it might suspend some assembly lines at a plant in central Russia for one day, on Monday, due to a persistent global shortage of electronic components. Avtovaz also did not mention the invasion in its statement. read more

Finnish tire maker Nokian said it was shifting production of some key product lines from Russia to Finland and the United States to prepare for possible further sanctions following the invasion. read more

MANAGING DISRUPTION

Aptiv Chief Executive Kevin Clark said on Thursday that over the last couple of months the American auto parts maker had swapped high-volume parts work out of Ukraine in favor of lower-volume products “so we were better-positioned to manage disruption.” read more

Japanese auto supplier Sumitomo Electric Industries , which employs some 6,000 people in Ukraine to make wire harnesses, said it suspended operations at its factories there and was talking to clients about potentially substituting supplies from other places. read more

Ford Motor Co (F.N) has a 50% joint venture in Ford Sollers, which has three assembly plants in Russia according to the Ford website. Ford said in a statement it was “deeply concerned” about the situation and would “manage any effects” on its business in real time.

The U.S. automaker also said it would follow any laws on trade sanctions, but declined to discuss whether the Sollers plants have been affected.

While French car parts maker Valeo (VLOF.PA) said the direct impact on the company is minimal, the invasion could drag down industry production volumes, and hike energy or raw material prices.

For automakers, one of the supply-chain concerns created by the Ukraine conflict centers on the metals palladium, platinum and rhodium used in exhaust-scrubbing catalytic converters.

Russia produces about 38% of the world’s palladium, excluding recycled material, said Mark Wakefield, co-leader of consulting firm AlixPartners global automotive practice.

“It’s hard to think of a global auto business that doesn’t have palladium coming from Russia,” he said.

Automakers should not face an immediate shortage of palladium, Wakefield said, because there are stocks of the metal in London. There is “a six-month journey before palladium finds its way into a car,” he said.

Aluminum prices had been rising before the Ukraine conflict, Wakefield said. A cutoff of Russian aluminum supplies would add to the cost pressures on automakers.

Japan’s biggest steelmaker, Nippon Steel Corp , said on Friday it would secure alternatives for a raw material it buys from Russia and Ukraine in the event of any supply disruptions.

Nippon Steel buys 14% of its iron ore pellets, small balls of iron ore powder used in steel production, from those countries. Officials said it switched sourcing to Brazil and Australia and the impact should be minimal.

Agricultural equipment maker Deere & Co (DE.N) said on Friday it had closed its Ukraine office in recent weeks as a precautionary measure. It employs about 40 people in Ukraine.

Meanwhile, Russia said it was partially limiting access to Meta Platforms Inc’s (FB.O) Facebook, accusing it of “censoring” Russian media. read more

Delta Air Lines Inc (DAL.N), which does not operate services to Ukraine or Russia, said on Friday it had suspended its codesharing service with Russian airline Aeroflot. (AFLT.MM) read more

Amazon.com Inc’s home security subsidiary, Ring, said it was coordinating closely with its partners at Squad in Ukraine “to support the safety and well-being of the team and their families.” According to LinkedIn data, Squad employs more than 700 people, some of whom worked for the research arm Ring Ukraine until about a year ago.

Amazon had no additional comment about its footprint in Ukraine or Russia, or on how U.S. trade actions would impact its business, if at all.

Toronto-based Kinross Gold Corp (K.TO) said its underground Kupol gold mine in Russia’s far northeast corner is operating normally. Nearly all of the company’s employees in the country are Russian, and Kupol has stored a full year’s worth of supplies on site, given that it operates in a cold region, the company said.

Kinross added it was reviewing the latest sanctions against Russia to see how they could affect operations.

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Reporting by Ben Klayman in Detroit, Additional reporting by Gilles Guillaume in Paris, Tom Sims in Frankfurt, Joseph White in Detroit, Ernest Scheyder in Houston and Jeffrey Dastin in San Francisco
Editing by Matthew Lewis

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Thousands block roads across Serbia in anti-government protest

BELGRADE, Dec 4 (Reuters) – Thousands of people blocked roads across Serbia in an anti-government protest against two new laws that environmentalists say will let foreign companies exploit local resources.

Serbia’s government has offered mineral resources to companies including China’s Zijin copper miner (601899.SS) and Rio Tinto (RIO.L). Green activists say the projects will pollute land and water in the Balkan nation.

The protest is a headache for the ruling Peoples’ Progressive Party led by the President Aleksandar Vucic ahead of parliamentary and presidential election next year.

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Thousands gathered on the main bridge in the capital Belgrade chanting “Rio Tinto go away from the Drina River.”

They held banners reading: “Stop investors, save the nature,” “We are not giving away the nature in Serbia,” and “For the land, the water and the air”.

Roadblocks have been set up all over Serbia including the second largest city of Novi Sad, in Western Serbia in Sabac, Uzice, and Nis in the South, in Zajecar in the East.

Anti-government protesters wear masks during a protest in Belgrade, Serbia, December 4, 2021. REUTERS/Goran Tomasevic

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“The reason (for the protest) is to protect our land, water and air. We do not want it to be sold cheaply,” said Stefan, a student protesting in Belgrade.

Rio has promised to adhere to all domestic and EU environmental standards, but environmentalists say its planned $2.4 billion lithium mine would irreversibly pollute drinking water in the area.

The protesters are angry about a referendum law passed last month which will make it harder for people to protest against polluting projects, as well as a new expropriation law, which makes it easier for the state to acquire private land.

President Aleksandar Vucic on his Instagram profile published a picture from the village of Gornje Nedeljice where Rio Tinto have already started buying land for its future lithium project.

Vucic said once the environmental study on the project is complete, he would call a referendum to allow people to decide whether the project should go through.

“Everything we build today we are leaving to our children,” Vucic wrote on Instagram.

(This story corrects figure in paragraph 8 to $2.4 billion instead of 2.4 million)

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Reporting by Aleksandar Vasovic and Ivana Sekularac; Editing by Christina Fincher

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Guinea military consolidates takeover, opposition leader signals openness to transition

CONAKRY, Sept 7 (Reuters) – Guinea’s main opposition leader said on Tuesday he was open to participating in a transition following a military coup over the weekend, as the soldiers who seized power consolidated their takeover.

West African countries have threatened sanctions following the overthrow of President Alpha Conde, who was serving a third term after altering the constitution to permit it.

His opponents said the change was illegal and frustration boiled over into deadly protests last year. Eighty political prisoners detained by Conde’s government, including a number who had campaigned against his third term, were released on Tuesday evening, said Hamidou Barry of the Guinean Organisation of Human Rights.

Regional leaders will meet to discuss Guinea on Wednesday – not Thursday, as suggested in a previous staff memo.

Coup leader Mamady Doumbouya, a former officer in the French Foreign Legion, has promised a transitional government of national unity and a “new era for governance and economic development”. But he has not yet explained exactly what this will entail, or given a timeframe.

Guinea’s main opposition leader, Cellou Dalein Diallo, told Reuters on Tuesday he had not yet been consulted about the transition but was ready to participate.

“We would send representatives, why not, to participate in the process to bring the country back to constitutional order,” said Diallo, a former prime minister who finished runner-up to Conde in three successive elections, most recently last October.

Sunday’s uprising, in which Conde and other top politicians were detained or barred from travelling, is the third since April in West and Central Africa, raising concerns about a slide back to military rule in a region that had made strides towards multi-party democracy since the 1990s.

Conakry was calm for a second day after the putsch, with some military checkpoints removed. Traffic was normal on Tuesday in the capital’s administrative centre, the Kaloum peninsula.

Special forces members take position during an uprising that led to the toppling of president Alpha Conde in Kaloum neighbourhood of Conakry, Guinea September 5, 2021. REUTERS/Saliou Samb/File Photo

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Moving to consolidate their power, the soldiers that led the coup have installed army officers at the top of Guinea’s eight regions and various administrative districts.

BAUXITE

The coup raised concerns about supplies of bauxite, the main aluminium ore, from Guinea, a leading producer.

The benchmark aluminium contract on the London Metal Exchange remained near a 10-year high on Monday.

However, mines have not reported any disruption. State-run Chinese aluminium producer Chalco’s (601600.SS), bauxite project in Guinea said it was operating normally.

The Australian-listed bauxite and gold exploration firms Lindian Resources (LIN.AX) and Polymetals Resources (POL.AX) also said on Tuesday that their activities were unaffected.

The Kremlin said it was closely following the political situation and that it hoped Russian business interests, which include three major bauxite mines and one alumina refinery, would not suffer.

During his decade in power, Conde steered Guinea through economic growth, but unemployment remained high.

Surveys by Afrobarometer suggest the majority of Guineans think the level of corruption has increased, while dissatisfaction with the economy and personal living conditions has also risen.

Diallo said corruption became endemic under Conde.

“An elite that enriched themselves in an insolent way, while poverty was rising and the country’s infrastructure was crumbling. There was also a general malaise in the country,” he said.

Additional reporting by Hereward Holland and Bate Felix
Editing by Kevin Liffey and Grant McCool

Our Standards: The Thomson Reuters Trust Principles.

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