Latest News
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                            FBI arrests multiple suspects in Michigan attack plotKash Patel, FBI Director, said that multiple arrests were made in Michigan to stop a possible attack. He did not provide any further details. Two sources claim that five people were being interrogated on Friday. Patel wrote on X Friday that the FBI had foiled a possible terrorist attack by arresting multiple suspects in Michigan. They were allegedly planning a violent attack for Halloween weekend. Officials at the Justice Department said that the plot was expected to occur over Halloween weekend, and it was linked to international terrorism. Dearborn police, a suburb of Detroit, announced on social media on Friday that the FBI conducted an operation there, and that "there was no threat." (Reporting and editing by Scott Malone, Franklin Paul, Chizu Nomiyama and Scott Malone; Sarah N. Lynch & Andrew Goudsward) 
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                            FAA delays flights as shutdown enters Day 31Federal Aviation Administration delayed flights on Friday at airports in Austin and Newark, as staffing issues continue to cause delays and the government shutdown enters its 31st week. The FAA reported that there were staffing problems at nine FAA facilities on Friday, and said this was likely to cause delays in flights later for Houston and Dallas airports. Flight delays averaged 61 minutes in Nashville, 50 minutes in Austin and 101 minutes in Newark. FlightAware, a tracking website for aviation, reported that 2,200 U.S. flight delays and 300 cancellations had occurred as of 12:25 p.m. ET. On Thursday, there were 1,250 canceled flights and 7,300 flight delays in the United States. Sean Duffy, the U.S. Transportation secretary, said that he expected more flight delays to occur in the next few days. Duffy told Fox News' America's Newsroom that there would be more disruptions to the airspace this weekend, and the following week. Staffing shortages in air traffic control caused delays on Thursday at Orlando, Dallas/Fort Worth, and Washington, D.C. The shutdown forced 13,000 air-traffic controllers and 50,000 Transportation Security Administration (TSA) officers to work for free. Delta Air Lines and United Airlines, Southwest Airlines, and American Airlines have all called for Congress to pass a temporary funding bill so that the government can reopen, and to continue discussions on healthcare policy disagreements. Transportation Department officials said that the shutdown caused flight delays because of air traffic controllers' absences. The airlines have repeatedly called for an end to this shutdown, citing safety concerns. The shutdown has worsened existing staffing shortages and threatens to cause widespread disruptions. Even before the shutdown, many air traffic controllers were working six-day weekends and mandatory overtime. (Reporting and editing by Andrea Ricci; David Shepardson) 
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                            Staff of the Border Force patrolling UK waters are planning a strike over payThe union that represents British Border Force employees announced on Friday, more than 120 staff members who patrol Britain's waterways in "sometimes harrowing" roles plan to go on strike on November 14, to protest pay and working conditions. Most of the UK Border Force's 10,000 staff members work in ports and airports across the UK and abroad. The website of the agency does not provide a breakdown showing how many people are employed to patrol the waters in the UK. The union representing Britain's Public and Commercial Services said that the government started a review of the issue six years ago, addressing the need for standardisation in pay and roles. However, despite long discussions the concerns of the members have not been addressed. The UK interior ministry didn't immediately respond to an inquiry about the planned stoppage of one day or the status on the review. The union stated that workers are involved in dangerous tasks such as patrolling for illegal entry or smuggling into the UK and boarding vessels to inspect them, responding to incidents including small boats with asylum seekers, and boarding vessels for inspection. The Labour Party of British Prime Minister Keir starmer, which is trailing in the polls, has promised to crush the gangs that traffic migrants into Britain via small boats. Nigel Farage’s Reform UK party, a populist party with a strong political agenda has also made illegal immigration a key issue. In a statement, PCS General Secretary Fran Heathcote stated that "this strike sends a message clear to the Home Office": We will not accept further delays or inadequate proposals. Heathcote said, "We are prepared to escalate the situation if needed." (Reporting and editing by Muvija m; Alexander Smith). 
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                            Buffett will send a letter to his children and shareholders as well as Abel's annual letter, according to WSJThe Wall Street Journal reported on Thursday that Buffett's assistant said Warren Buffett would release a letter on November 10 to his children and Berkshire Hathaway's shareholders. Greg Abel, who will become Berkshire Hathaway's chief executive in February, will write Berkshire Hathaway's annual shareholder's letter. Buffett will step down from his role as chief executive officer at the end this year. He will, however, remain chairman. Abel is a vice chairman of Berkshire but has taken on additional responsibilities since Buffett announced a management change during Berkshire’s annual meeting held May 3. Buffett plans to join other directors in the audience, and not on stage, for next year's meeting. Berkshire has not responded to any requests for comment since Friday. The Omaha-based conglomerate, which will announce its third-quarter results this Saturday. Buffett's letter of November 10, to his children Susie and Howard, and to shareholders is not clear. Buffett sent letters to his family in November 2023, and again in November 2024. In these letters he discussed estate planning. He also expressed gratitude for the opportunities that the U.S. offers. He announced four donations to family charities. Howard Buffett will eventually become the non-executive Chairman of Berkshire. New York Newsroom reported the story. 
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                            Portugal announces that the sale of TAP Airlines has cross-party supportThe government of Portugal expects that the partial privatisation process for flag carrier TAP will proceed smoothly. This is due to a rare political consensus across parties and interest shown by Europe's biggest airlines, Infrastructure Minister Miguel Pinto Luz stated on Friday. He stated that the centre-right minority government initially wanted to offer 100% of TAP but settled for 49.9% when the two major opposition parties threatened to stop any larger sale. This led to a “broad consensus” in parliament with the extreme right Chega and Socialist parties. He told a committee of parliament that "dialogue and mutual respect is always the best way for politics." To ensure transparency, the sale of the property will be reviewed and monitored by an independent commission as well as a working group within the parliament. Portugal has relaunched its long-delayed TAP privatisation in July. The aim is to sell a stake of 44.9% to a carrier that can bring global scale and competition, plus an additional 5% for TAP staff. Airlines interested in TAP are required to submit a formal "manifestation" of interest by November 21, and non-binding bids by the end the year. Lufthansa and Air France-KLM have expressed interest in purchasing TAP. British Airways and IAG, the owner of British Airways, also met with the government last year. 
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                            KLM signs two-year contract with unions of ground staffDutch airline KLM announced on Friday it had reached a deal with five unions that represent ground staff in The Netherlands for a two-year agreement that included pay increases, bonuses and improved retirement options. The Collective Labor Agreement (CLA), which is retroactive to March 1, this year and ends on February 28, 2027, will be in effect. This includes a salary increase of 3.25 percent in total as well as a one-time payment of 500 euros ($583) net in December 2025, and 250 euros in January 2026. KLM has also agreed to permanentize the 80-90-100% scheme, which allows older workers to work 90% of their working hours and still accrue full pension. "We are happy that we reached an agreement with all five unions. We have reached solid agreements with KLM on remunerations, career development and productivity. The agreement came amid ongoing labor unrest in KLM. Two major unions, FNV and CNV, had rejected the September deal with other unions and continued to organize strikes. 
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                            Tanzania opposition claims hundreds of deaths in protests against votingTanzania's main Opposition Party said that hundreds of people were killed this week in protests against elections throughout the country, while the government claimed it was restoring the order following "isolated" incidents. The United Nations has confirmed credible reports that at least ten people have been killed in protests across three cities. This is the first estimate of fatalities made public by any international body since the vote on Wednesday. The government hasn't responded to any requests for comment or released any estimates of casualties. Could not independently verify these figures. Since Wednesday, protesters have been taking to the streets in anger over the exclusion of the two main challengers to President Samia Hassan from the race. They also criticized what they called widespread repression. Police have been accused of using tear gas and firearms to disperse some protests, according to witnesses. The police have imposed a curfew overnight in Dar es Salaam's commercial capital over the last two nights, after burning down government offices and other structures. Since Wednesday, internet access has been interrupted. HIGH SECURITY PRESENCE On Friday, the military and police patrolled Dar es Salaam's streets to prevent people from moving without a valid excuse. The government has extended the order for civil servants to work from home. John Kitoka, a spokesperson of the CHADEMA Party which was banned from the elections for refusing to adhere to a code and whose leader was arrested in April for treason, said that the party has documented 700 deaths based on the accounts of health workers. He said that protests were still ongoing in several cities on Friday, but they had diminished in others due to heavy security deployment. He said: "We want the protests continue until we get our electoral reforms." Hassan faces a challenge in the unrest. He was praised for his easing of repression after taking office 2021, but has faced criticism more recently from opposition parties and activists following a series arrests and allegations of abductions. Hassan denies allegations of widespread human rights abuses. She claimed that she ordered an investigation last year into reports of abductions. However, no official findings were released. Thursday, the electoral commission announced provisional results of the election. Hassan won a majority in several constituencies. GOVERNMENT : "NORMALICY WILL RETURN" The first direct comments from her government on the unrest were made on Friday by the Foreign Affairs Ministry in a broadcasted message to diplomatic missions on state television. In the message, it was stated that "due to isolated incidents where law and order were violated, the government has increased security and taken other precautionary steps." The statement added that the security measures are temporary, but necessary. Normalcy is expected to return soon. Seif Magango, spokesperson for the U.N. Human rights office, told reporters in Geneva that there are credible reports of 10 deaths in Dar es Salaam and Shinyanga. He urged the protesters to remain peaceful and called for security forces to "refrain from excessive or unnecessary force". A Dar es Salaam local, who requested anonymity for safety, said that a family had lost a member when a protester was mistakenly shot outside a hospital. No one from the police department responded to our requests for comment. In a joint statement released on Thursday, two members of the European Parliament’s foreign affairs committee called the election a fraud, saying that it "took place in an atmosphere of intimidation and fear". The article was written by Vincent Mumo Nzilani, George Obulutsa and edited by Aaron Ross. Ros Russell and Andrew Heavens. 
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                            ITA Airways will resume flights from and to Tel Aviv on January 1, 2019.Italy's ITA Airways has announced that it will resume direct flights to Tel Aviv on January 1. This will restore connections with Rome's Fiumicino airport, the main airport. According to the statement, the company, which is part of the Lufthansa Group, will operate at first two daily routes between Tel Aviv and the rest of Europe. The route is "of strategic importance to ITA Airways, and it represents a significant move for Italy. It further strengthens the commercial, cultural, and social ties between Italy and the United States." Hamas has reached a fragile truce with Israel this month, brokered by U.S. president Donald Trump. The deal is being tested periodically by violent outbreaks, as part of the conflict that was sparked by the October 7, 2020 attack by the militants group. As a result, several airlines have suspended flights in the past two years. 
China's blistering solar power development encounters grid blocks
China's breakneck buildout of solar power, sustained by rockbottom equipment prices and policy support, is slowing as grid bottlenecks pile up, market reforms increase unpredictability for generators, and the best roof area runs short.
Last year, China broadened its solar fleet by 55%. The momentum continued through the very first two months of 2024, however in March brand-new solar construct fell 32% year-on-year to the most affordable level in 16 months, main information and computations show.
The country's solar power growth is slowing due to tighter curbs on providing excess power from roof solar into the grid and modifications in electrical energy pricing that are denting the economics of new solar jobs.
Projections show China's solar build this year will be heavily outmatched by development in its photovoltaic (PV) module manufacturing capability, raising the possibility the country will export more solar panels in spite of a trade backlash in Europe and the U.S.
. The main aspect slowing the expansion of distributed solar - setups developed near the point of usage, mostly on rooftops - is that there is insufficient storage or transmission capacity to soak up the excess power generated when the sun is shining.
That in turn is leading regulators to remove some of the rate support that resulted in the fast development of dispersed solar.
In the next number of years, this is going to be a huge problem that all provinces will deal with as grids are oversaturated, the facilities is overwhelmed, said Cosimo Ries, an analyst with Trivium China, a policy research group.
The problem has hit several regions that were heavy adopters of distributed solar, that made up 42% of the national solar fleet last year, however is particularly intense in provinces such as Shandong in the north.
State broadcaster CCTV said up to 50-70% of dispersed solar generation is being reduced in Shandong, which indicates grid managers have actually needed to stop that quantity of supply entering the grid in order to keep balances with demand.
China has attempted to limit curtailment of renewable energy to 5%, in line with rates of 1.5-4% in most huge markets, according to the International Energy Firm.
However in a study of 6 provinces' capability to take in distributed solar, China's energy regulator in 2015 found 5 expected to have to enforce limitations on new projects in 2024.
Hebei and Henan provinces - 2 of the 3 huge drivers of dispersed solar together with Shandong - have already seen an outright collapse in installations, Ries said. These. 2 provinces are extremely worrying.
In November, Henan province directed business and regional. regulators to come up with action plans to increase grid. capacity to support the healthy development of distributed. solar.
State planner the National Development and Reform Commission. did not react to a faxed ask for remark, and its Henan. and Hebei workplaces could not be reached. The North China Energy. Regulatory Bureau decreased to comment and the Henan energy. regulator did not react.
FORECASTS DIVERGE
China's rapid solar rollout has actually put it on track to meet its. eco-friendly goals years ahead of schedule, with installed solar. capacity of 655 gigawatts (GW) since March, the most in the. world without a doubt, well ahead of second-placed United States with. upwards of 179 GW at the end of 2023.
However projections for the solar rollout this year vary greatly. S&P Global Commodity Insights expects new setups to increase. 4% in 2024 from 217 GW in 2015, saying first-quarter additions. were stronger than anticipated even with the March drop-off, while. Rystad analysts see a 6% increase.
On the other hand, the China Electricity Council anticipates brand-new. installations to stop by 20% this year, while a Chinese PV. market association in February projection they could fall 12%.
Lagging grid financial investment and uncertainty produced by continuous. electrical energy market reforms loom as challenges, said Holly Hu,. S&P Global Commodity Insight's principal expert for clean. energy tech.
The country's solar rise was assisted in by government. assistance that motivated a surge in devices production. that has crushed international solar panel rates, triggering complaints. from trading partners.
For this year, experts anticipate China to include 500-600 GW. of PV module production capacity, a 60-70% boost, well above. development in solar jobs.
That would require producers to export even more to. markets such as Europe and the U.S., which doubled tariffs on. cells utilized to make solar panels from 25% to 50%.
PRICING CHANGE FALLOUT
Eco-friendly generators previously took pleasure in a warranty that. grid operators would purchase almost all of their power at a rate. tied to the coal index. That warranty was raised on April 1 and. worked previously in some locations, 3 industry specialists stated.
Now, renewable generation is increasingly subject to less. favourable market prices.
Shenhua Energy, a state-run coal and power company, stated in its. 2023 annual report that costs for its solar power fell 34.2%. year-on-year to 283 yuan per kilowatt-hour (kWh), while its coal. power prices fell just 2.4% to 406 yuan per kWh.
Wang Xiuqiang, a researcher at consultancy Beijing Linghang,. attributed the lower solar prices and profitability to a higher. percentage of market-based rates.
At the exact same time, grid companies are dialling back the 5%. curtailment limit, creating the risk for job owners that. their generation may not be bought, stated David Fishman of. Shanghai-based energy consultancy the Lantau Group.
Curtailment for Huaneng Power International, a significant. state-owned generator, increased to 7.7% in the very first quarter from. 3.1% a year earlier, Jefferies analysts stated in a customer note,. citing Huaneng management.
In an additional challenge, the easiest-to-site projects have. already been largely developed, said Shi Lida, research supervisor. at Yongan Guofu Property Management. At sites still offered,. roofs may require to be reinforced, grid connections might be. minimal, or hours of sunshine might be brief.
If your costs do not continue to fall, the financial investment will. not be cost reliable, Shi stated.
(source: Reuters)
