Latest News
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Serbia arrests 11 over train station roofing system collapse
The High Prosecutors Workplace in the Serbian city of Novi Sad said on Thursday that 11 people were apprehended in connection with the collapse of a railway station roofing system earlier this month that has actually left 15 individuals dead. The recently remodelled roofing of the station in the northern city collapsed on Nov. 1, eliminating 14 at the time and injuring 3. On Sunday, one of the hurt passed away, bringing total fatalities to 15. The district attorney's workplace stated in a declaration that the 11 were jailed for devoting criminal acts versus public safety following interrogation of a number of citizens and expert analysis of the incident. The statement only offered the initials of those jailed. The catastrophe activated a wave of demonstrations in Serbia, with protesters blaming the mishap on corruption and nepotism amongst the ruling coalition.
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Royal Mail owner IDS returns to benefit however warns on cost environment
International Circulation Services reported a firsthalf adjusted operating profit on Thursday, as sustained parcel need helped the British company narrow losses at its Royal Mail company despite a. weakerthanexpected market. Royal Mail's noted losses consist of a problems charge,. mainly due to anticipated extra tax problem reflected in an. about 120 million pound yearly increase in companies nationwide. insurance from fiscal 2025-26. Royal Mail uses about 130,000 individuals in Britain. We are delivering on the changes we can manage, but the. cost environment is getting worse simply at the time when we require to. invest, CEO Martin Seidenberg stated in a declaration, referring to. the increase in national insurance coverage. The group, which likewise owns global parcels network. GLS, said its adjusted operating profit was 61 million pounds. ($ 77.13 million) for the 6 months ended Sept. 26, compared to. a loss of 169 million pounds a year previously. IDS, which accepted a 3.57 billion pound takeover by Czech. billionaire Daniel Kretinsky in May, said it continued to anticipate. the offer to close in the first quarter of 2025. Kretinsky's quote of IDS, the owner of one of the world's. oldest postal firms Royal Mail, is presently being reviewed. under the National Security and Financial investment Act to evaluate any. possible concerns.
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Taiwan purchases approximated 80,000 T of wheat of U.S. origin, traders say
The Taiwan Flour Millers' Association purchased an estimated 80,000 metric lots of milling wheat to be sourced from the U.S. in a tender on Thursday, European traders said. The purchase included 2 40,000 load consignments for delivery in 2025 from the U.S. Pacific Northwest coast. The very first consignment for delivery between Jan. 20-Feb. 3 involved 23,525 lots of U.S. dark northern spring wheat of a. minimum 14.5% protein content purchased an approximated $308.06 a. lot free on board (fob), equating to $349.01 a heap expense and. freight (c&& f) consisting of ocean shipping expenses to Taiwan, they. stated. It likewise involved 10,805 lots of tough red winter season wheat of a. minimum 12.5% protein material bought at $267.12 a ton. fob/$ 308.07 a ton c&& f, and 5,670 lots of soft white wheat of a. minimum 8.5% and maximum 10% protein bought at $236.62 a ton. fob/$ 277.57 c&& f. Trading house Bunge sold the dark northern in the very first. consignment, while CHS sold the difficult red and soft white, traders. said. The 2nd consignment included 24,315 lots of dark northern. spring wheat of a minimum 14.5% protein material purchased an. estimated $306.48 a load fob/$ 348.88 a ton c&& f, they said. It likewise included 10,405 tons of hard red winter season wheat of a. minimum 12.5% protein content bought at $262.09 a heap. fob/$ 304.49 c&& f, and 5,280 tons of soft white wheat of a minimum. 8.5% and maximum 10% protein purchased $237.42 a ton fob/$ 279.82. c&& f. Columbia Grain International was thought to have offered the. dark northern spring in the second consignment, while ADM sold. the hard red winter and soft white. Reports reflect assessments from traders, and further. quotes of rates and volumes are still possible later. The association's tenders typically offer a precise. photo of U.S. wheat export costs in Asian markets.
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Secret realities about John Prescott, Britain's former deputy PM, dead at 86
Here are key realities about John Prescott, Britain's combative former deputy prime minister, who has died after a fight with Alzheimer's disease, his household stated on Thursday: - Prescott, 86, acted as deputy prime minister in Tony Blair's Labour federal government from 1997 to 2007 and received a. peerage in 2010. - Born in Wales to a railway signalman and a domestic. helper, he was constantly fiercely protective of his working class. roots. He went to sea at 17, as a steward on a high-end cruise. ship, where he boxed to amuse travelers. - He entered parliament in 1970 and ended up being deputy leader of. Labour in 1994. He was an effective avenue in between the. figureheads of Blair's revamped New Labour and the. traditionalists of Labour's grassroots. He likewise functioned as peace. broker in the stuffed relationship in between Blair and his future. follower, the then-Chancellor Gordon Brown. - Prescott was persistently lampooned by the media and. challengers for his lack of oratory skills. He mispronounced words. or made grammatical mistakes, triggering sketch authors to. cruelly suggest his speeches would make as much sense played. backwards. - He aimed a left jab at a male who threw an egg at him. throughout the 2001 election project, measuring up to his image as a. bare-knuckle political leader of the old school. His label in the. media was Two Jags, from having 2 high-end Jaguar vehicles. - In April 2006, Prescott acknowledged a long extra-marital. affair with his diary secretary Tracey Temple, 24 years his. junior. The affair, which included sex sessions in his office,. triggered numerous females to come forward and accuse him of sexist. behaviour towards them. His spouse Pauline stood by him. - That July parliament launched a complete investigation into. his contacts with American billionaire Philip Anschutz, who. intended to open a substantial casino at the Millennium Dome in London. Prescott met him several times and had even remained at his cattle ranch. Police said consequently Prescott would not deal with prosecution.
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Russian gas flows to EU by means of Ukraine unchanged in spite of Austria row
Russia's gas exports through Ukraine to Europe have actually been stable on Thursday, Kremlincontrolled gas giant Gazprom stated, in spite of a. contractual row with Austrian energy company OMV. Gazprom said it would send 42.4 million cubic. metres of gas to Europe by means of Ukraine on Thursday, the same volume. it has shipped every day given that Nov. 12. Russia's Gazprom stopped supply to OMV on Saturday over a. legal dispute, the Vienna-based business said. Gazprom has. not commented. It is still not clear where the gas volumes meant for OMV. have actually been rerouted. Information from transmission system operator Eustream revealed that. elections, or requests, for circulations to Austria from Slovakia. were stable from the previous 2 days, but about 12% below. levels seen in November before Russia stopped gas supply to OMV. Elections to the Czech Republic from Slovakia remained in line. with levels seen this month. Elections into Slovakia from. Ukraine were constant versus previous days on Thursday, and those. for circulations leaving Slovakia were also little bit altered, the data. showed.
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Wall Street Journal - Nov 21
The following are the top stories in the Wall Street Journal. Reuters has not validated these stories and does not vouch for their precision. - The U.S. Justice Department on Wednesday stated Alphabet's. Google should need to sell its popular Chrome. internet browser as part of a court-ordered repair to its monopolization of. the online search market. - U.S. prosecutors charged Gautam Adani, the billionaire. chair of the Indian corporation Adani Group, with managing. a bribery scheme to settle Indian federal government authorities to. safe and secure profitable solar-energy supply agreements. - Allegiant Travel said its Allegiant Air. subsidiary changed a delivery contract with Boeing,. providing the airplane maker two extra years to provide 50 737. MAX jets. - News Corp stated on Wednesday that investors. rejected a proposition by activist financier Starboard Worth to. break the Murdoch household's impact on the publisher by ending. a dual-class voting structure. - Elon Musk's artificial intelligence startup, xAI, has. told investors it raised $5 billion in a financing round, valuing. it at $50 billion, which is more than twice what it was valued. at numerous months earlier. - Beyond Inc expressed concerns about specialized. merchant Container Store Group's capability to secure a. ideal deal with its lenders, casting doubt on its $40 million. investment in the retail chain.
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Gautam Adani, arraigned in US, is a questionable first-generation Indian tycoon
Indian billionaire Gautam Adani, arraigned in New York over a $265 million bribery plan, is a firstgeneration magnate whose sensational increase has been accompanied by a series of harmful controversies in your home and abroad. Asia's second-richest individual, who directly got away death in 2008 as one of many people stuck inside Mumbai's Taj Mahal Palace Hotel when gunmen went on a killing spree, faces a U.S. arrest warrant and criminal penalties over the fraud and bribery charges. Adani's organizations, ranging from power and ports to sugar and soybeans, lost more than $150 billion in combined market worth last year after U.S.-based brief seller Hindenburg Research accused his eponymous group of using offshore tax havens poorly. The group, which recouped some of the losses and now has a combined appraisal of $141 billion, rejected all of the accusations. Before shares in Adani Group companies tanked in 2015, the 62-year-old high school dropout had briefly become the world's. most affluent individual after Tesla CEO Elon Musk. Adani is. now the 25th wealthiest individual with a net worth of about $57.6. billion, according to Forbes. While the group's coal and power jobs and other offers. have actually been questioned in countries such as Australia and. Bangladesh, Indian opposition leaders have actually regularly utilized Adani. to hit out at the federal government of Prime Minister Narendra Modi,. alleging favouritism, including in providing Adani the agreement to. redevelop an enormous run-down neighborhood in Mumbai. Both sides have rejected the charges. U.S. authorities stated on Wednesday that Adani and seven. other offenders had consented to pay the bribes to Indian. federal government officials to acquire supply contracts expected to. yield $2 billion of profit over 20 years, and develop India's. biggest solar power plant task. Adani Group has not responded. to Reuters' requests for comment on the charges. Born on June 24, 1962 in Ahmedabad city in the western state. of Gujarat - likewise Modi's home state - Adani dropped out of. school at age 16 after finishing the 10th grade. He set up Adani Group in 1988, starting with commodities. trading. He came from a middle-class textile family to build his. riches, unlike numerous other billionaires who acquire their wealth. Married to dental professional Priti Adani, he has 2 boys, Karan and. Jeet, both of whom are involved in the company organizations, like. many others in the household. According to someone with direct understanding of his. negotiations, he has a really hands-on design of running his empire,. which he stated he intends to pass on to the next generation in the. family when he turns 70. In interviews with regional and foreign media, Adani has called. himself a shy person and credited the rise of his popularity in. part to the political attacks he has actually dealt with. He has fasted to applaud political leaders too. Soon after Donald Trump's triumph in the U.S. election,. Adani stated on X that the U.S. president-elect was the. embodiment of unbreakable persistence, unshakeable grit, unrelenting. determination and the courage to remain true to his beliefs. Praising Trump, Adani said recently his group would. invest $10 billion in U.S. energy and facilities projects,. without supplying details besides the investment intended to. produce 15,000 jobs.
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South Korea's NOFI purchased about 66,000 T corn in private offer, traders say
South Korean feedmaker Nonghyup Feed Inc. (NOFI) purchased up to 66,000 metric tons of animal feed corn in a personal offer on Wednesday without an global tender being released, European traders stated on Thursday. It was anticipated to be sourced from either the United States or South America. The corn was stated to have actually been purchased at an approximated $ 238.86 a heap expense and freight (c&& f) included plus a $1.50 a load surcharge for additional port unloading. Seller was thought to be trading house Bunge. The corn was for arrival in South Korea around Feb. 15, 2025. Shipment if sourced from the U.S. Pacific Northwest coast was between Jan. 13-Feb. 1. If from South America, shipment is in between Dec. 19-Jan. 7. Reports show evaluations from traders and further estimates of costs and volumes are still possible later.
UK regulator to begin thorough probe into GXO's $962 mln Wincanton deal
Britain's competitors regulator stated on Thursday it referred GXO Logistics' acquisition of UK peer Wincanton to an indepth investigation after the U.S.based warehousing firm did not present remedies for competitors concerns.
CONTEXT
GXO outbid CEVA, a system of French shipping firm CMA CGM, to purchase the British logistics company for 762 million pounds ($ 962.3. million) in March to broaden into the UK's aerospace, utilities,. commercial, and health care sectors.
Wincanton operates in the UK and Ireland and offers supply. chain services to services across sectors. It counts IKEA,. Primark, and BAE Systems among its customers.
GXO runs in practically 30 nations from about 970 storage facility. areas and has a large exposure to the aerospace and defence. sectors in the U.S. WHY IT is essential. The Competition and Markets Authority (CMA) on Nov. 1 stated the. acquisition could reduce competition and raise prices for. customers.
The CMA, which released its investigation in early. September, included that both companies contend closely,. especially for contracts with big retail clients.
An independent panel of professionals from the regulator will now. engage further with the business to identify therapeutic procedures. that can please its competitors issues.
The CMA can block the transaction if the actions taken by the. companies are discovered unacceptable. The regulator has set April 30. as the statutory due date for the probe.
(source: Reuters)