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US authorities arrest Mexican immigrant accused of threatening to shoot Trump
The U.S. Department of Homeland Security announced on Wednesday that U.S. Immigration authorities arrested an immigrant from Mexico who had allegedly threatened President Donald Trump with a gun. According to DHS which published a picture of the letter, Ramon Morales Reyes (54), allegedly wrote a letter to a U.S. Immigration and Customs Enforcement agent stating that he was going to "shoot [your precious] president in the head" at a rally. Morales stated in his letter that ICE was deporting members of his family, although he didn't mention anyone by name. The letter states: "We are tired that this president is messing with us Mexicans. We have done more to help this country than white people." Trump was the target of two assassination efforts during his presidential campaign in 2024, including a shooting at a rally held in Butler, Pennsylvania. Both of the suspects were U.S. Citizens. In a recent statement, Homeland Security Secretary Kristi Nöem stated that "all politicians and media members should take note of these repeated attacks on President Trump's lives and tone down their language." DHS reports that Morales illegally entered the U.S. at least nine different times between 1998 and 2005. DHS reported that he had been arrested for a hit-and run felony and other crimes. DHS reported that he is being held in Wisconsin by ICE and awaiting his deportation. (Reporting and editing by Mary Milliken, Deepa Babington and Ted Hesson)
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Why the Peruvian farmer’s loss in court may have been a victory for climate justice
The ten-year court battle between an Peruvian farmer, and German energy giant RWE regarding the global emissions of RWE and their impact on his home town finally ended on Wednesday. The court dismissed the case without allowing for an appeal. The farmer, his attorneys and environmentalists hail the ruling as a historic victory in climate cases, which could lead to similar lawsuits. What was the case about? Huaraz, located in the highlands of Peru, is threatened by a flood caused by a glacial outburst lake. Since 1970 the volume of Lake Palcacocha has increased at least 34-fold. This requires investment in drainage and dam structures. Saul Luciano Lliuya, a Peruvian farmer, sued the German energy giant RWE claiming that it should pay 0.5% of flood defenses because the company has emitted 0.5% global emissions since industrial revolution even though they do not have a physical presence on the Peruvian soil. It would have been about $17500. Why did the court rule against the farmer? The court's decision was based upon calculating the flood risk that Lliuya faced. A 30-year damage estimate for the plaintiff's home was found to be 1% by an expert. The court decided that this was not sufficient to continue the case. How does the court's ruling make companies liable for similar lawsuits? The court found that while the risk to Lliuya’s home did not meet the threshold, companies can be held responsible for their emissions. In a press conference held after the verdict, Noah Walker-Crawford said, "They established a duty of care, a principle of legal liability for corporate climate, which no other court in the world has done." This is a truly, really historic verdict. The ruling states that German civil code overseeing property rights is applicable across borders, and that it can be used by litigants from around the globe to file transnational lawsuits against German companies. The court stated that RWE’s permits did not exempt them from responsibility when they violated the rights of other people and their global emissions made it responsible for the consequences of climate change. The fact that a company is one of several emitters doesn't shield it from liability. WHAT DIDN'T THE COURT SAY IN REGARD TO CLIMATE SCIENCES? The court stated that the link between carbon dioxide emissions and risk dates back to 1958 when U.S. scientist Charles Keeling first published a graph showing the annual variation of carbon dioxide and its accumulation in Earth's atmospheric. The report of the Presidential SAC from 1965, which found that burning fossil fuels increased atmospheric CO2, also provided companies with enough information to anticipate harmful effects and be legally responsible for them. The complexity of the science behind climate change does not excuse liability. What does RWE say about the case? A spokesperson for RWE told a reporter that the ruling was not a precedent in the UK legal system. Three other regional courts had also taken a different view. The statement stated that since the case had been thrown out the court has not ruled on whether or to what extent RWE can be held accountable. It also added that the company operated in compliance with the applicable laws, and the climate policy issue should be decided at the political level. (Reporting and editing by Aurora Ellis; Alexander Villegas)
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Brazilian police arrest members from a gang that was created to spy and kill lawmakers, judges
The Federal Police of Brazil announced on Wednesday that it had arrested five suspects suspected of involvement in a group formed to assassinate and spy on high-ranking politicians and judges. One source familiar with the investigation stated that the gang was formed by both a civilian and a military officer. The document, which was seized by police and seen by, reveals that the group went by the acronym C4, which is a reference to the full name Command for Hunting Communists, Corrupt People, and Criminals. Documents also show that the gang targeted high-ranking judges and senators with 250,000 reais. Documents stated that the organization used explosives, rifles, and prostitutes to lure in their victims. The investigation was launched after the police began investigating the murder of a lawyer from the city of Cuiaba in Mato Grosso. According to the news website UOL a retired colonel who has been imprisoned for over a year now, suspected of being involved in the murder of a lawyer, was one of those targeted during Wednesday's raid. As part of this investigation, Federal Police officers executed six search warrants in three states across Brazil. (Reporting and writing by Ricardo Brito, editing by Bill Berkrot).
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Exxon shareholders face no stockholder proposals when Chevron rejects them.
Chevron shareholders rejected three shareholder proposals at the annual meeting of the U.S. Oil Producer on Wednesday. One proposal called for a human rights report, and the other one demanded a company report. Exxon Mobil, the larger competitor, faced no resolutions from investors for the first times in decades. Due to a lack of interest from investors, there have been fewer ESG resolutions this year than in 2024 or 2023. Investors have shifted their focus to oil and natural gas due to lower-than-expected returns on renewable energy projects. Investors in Chevron rejected a proposal that would have permitted holders of at least 10 percent of the common stock of the company to call special meetings. According to preliminary voting results, they also rejected a proposal for a report on whether investments in renewable energies could lead to so-called "stranded assets" or projects that lose their value prematurely. Exxon held its annual shareholder meeting on Wednesday with no resolutions qualifying as shareholder resolutions. This was the first time in 1958 that this had happened. Exxon CEO Darren Woods attributed this to Exxon’s outperforming competitors and its willingness to fight against proposals he deemed detrimental to the business. Investors approved the compensation plans and director nominations for both companies. Reporting by Sheila Dang and Tanay dhumal from Houston, Bengaluru respectively; editing by David Gregorio
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West Africa ECOWAS at 50: Jihadist violence, coups and more
The Economic Community of West African States faces growing threats from terrorism, climate changes, military coups and poverty, said its most senior official on Wednesday, as leaders celebrated 50 years since the formation of the bloc in Nigeria. This year, jihadist violence in Nigeria, the Sahel, Burkina Faso and Mali has increased. These nations recently left ECOWAS to protest sanctions after military coups. Omar Alieu Touray, President of the ECOWAS Commission, said: "We face the biggest challenges today, terrorism and climate change, unconstitutional changes in government, poverty, and economic disparities." He expressed confidence that the challenges would be overcome. ECOWAS was founded on May 28th 1975 with the aim of promoting regional economic integration, cooperation in security, human rights and democratic governance. Five decades after the founding of the group, Burkina Faso and Mali have both disassociated themselves from it, claiming that their interests are no longer served. These countries have created their own Alliance of Sahel States, a confederation and cut diplomatic and military ties with Western powers. They also sought to work more closely with Russia. Touray stated that ECOWAS will continue to try and cooperate with the three nations. Analysts in the security and political fields said that curbing insecurity is crucial to ECOWAS' ability to achieve its prosperity promises and lift millions out of poverty. Beverly Ochieng is a senior analyst with Control Risk, based in Dakar, Senegal. She said: "If there's no security, you can't guarantee a robust economic environment in the region." Analysts also criticized ECOWAS's silence when leaders amend constitutions in controversial ways to extend their ruling, leading citizens to applaud military coups. The opposition parties pointed to the example of Togo’s leader Faure gnassingbe who, after being granted the powerful new role of president of the Council of Ministers without a fixed term limit, was able to extend his rule indefinitely. MacDonald Dzirutwe reported from Lagos, Ope Adetayo from Abuja and Bate Felix edited the article.
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BTG sells Eletronuclear stake to Brazil utility Eletrobras
Three sources familiar with this deal said that Brazilian electric company Eletrobras tapped investment firm BTG Pactual for advice on the sale its remaining stake in the state-run nuclear energy generator Eletronuclear. After its privatization in 2020, Eletrobras no longer controlled Eletronuclear. However, it remained as a minority shareholder with 36% voting shares and 68% total capital. Eletrobras et BTG have declined to comment. The proposed sale was part of an agreement reached last month that increased the government's presence on Eletrobras' board, and allowed the utility to reduce their exposure to nuclear business. Eletronuclear is responsible for the operation of Brazil's nuclear power plants in Angra dos Reis, Rio de Janeiro. The two reactors have a combined capacity of 1,990 Megawatts. The Angra 3 Project, a 1,405MW new unit, has also been stalled by difficulties in obtaining government approval. Eletronuclear faces economic and financial difficulties, since the revenue generated by its plants is not enough to cover its high costs. Specialists have also said that the national nuclear chain is also affected by a lack of planning. Globally, nuclear energy is gaining popularity as a cleaner and more reliable alternative to fossil fuels. The U.S., Europe and other markets are looking to restart or launch nuclear power projects in order to meet the increasing energy demand of artificial intelligence data centres. (Reporting and editing by Richard Chang; Luciana Magnhaes)
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Cummins India's quarterly profit drops as rising costs offset the price increases
Cummins India announced a lower profit for the fourth quarter on Wednesday as rising costs offset price increases it made to some of its generators. The company is a subsidiary of U.S. truck-engine maker Cummins Inc. Its profit was 5.30 billion rupees (about $62.1 million), which is 1.7% less than the 5.39 billion rupees it made a year earlier. Analysts attribute the company's increased sales of 6.4%, to 24.14 billion rupies, to higher prices during the quarter. This is especially true for its CPCB generator sets. About 40% of the sales are CPCB4+ generators, which comply with India's Federal Pollution Control Board's latest emission standards. Cummins India’s total expenses increased 9.2%, to 19.88 billion Rupees. This was primarily due to an increase of 16.8% in raw material prices. In February, the company said that it expects demand to grow in all sectors including power cars and tower cars for railways as well as construction. Cummins Inc, the parent company, has also withdrawn its annual forecast. This is in line with other automakers who are reevaluating their expectations due to the uncertainty created by President Donald Trump's new tariffs. The shares of Cummins India were flat on Wednesday, ahead of the results.
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After a glacier collapse, a Swiss village is evacuated after being hit by a torrent of ice and rock.
Authorities said that a huge chunk of a Swiss glacier broke off Wednesday afternoon, causing a torrent of ice and rocks to hit a mountain village that was evacuated earlier in the month because of the danger of a landslide. Matthias Ebener is a local authority spokesperson who said that no human casualties were reported. The rockslide was particularly damaging to the buildings and infrastructure of Blatten, an approximately 300-person village that had been evacuated from May 19, after geologists identified a risk of imminent avalanche rock and ice. The Swiss broadcaster SRF reported that the slide had destroyed houses and buried large parts of the village in the Loetschental Valley in southern Switzerland. Since ordering residents to leave, Swiss authorities have been closely monitoring the slopes of Blatten. A video widely shared on social media captured the moment the glacier partially fell, creating a cloud of rock and debris that rolled down the mountainside into the village. (Reporting and editing by Dave Graham.)
Rio Tinto in talks to purchase lithium miner Arcadium, sources state
Rio Tinto has been holding speak with buy lithium miner Arcadium, three sources with direct knowledge of the settlements said, an offer that would make Rio the thirdlargest manufacturer of the electric lorry battery metal.
Arcadium shares surged 36% in extended trading on Friday.
Talks have actually been continuous and continued in London today throughout the LME Week conference, among the sources stated. An deal is expected to come in the near future, according to the second source. Talks are continuous and may not necessarily result in an offer, the sources stated.
Philadelphia-based Arcadium might be valued between $4. billion to $6 billion or greater, the 3rd source said. None of. the sources were authorized to go over the settlements. publicly.
The deal would vault Rio into one of the world's biggest. suppliers of the ultralight metal, behind only Albemarle. and SQM, simply as demand is anticipated to rise later. this decade amid growing usage of lithium-ion batteries for EVs. and consumer electronics.
The current downturn in lithium rates, which is due in part to. Chinese oversupply, has actually pushed Arcadium's shares down more than. 50% because January, making it an attractive takeover target.
It was not instantly clear if a deal would. mostly consist of cash, stock or a mixture of both. Arcadium has. chosen two investment banks to manage its negotiations with. Rio, according to the 2nd source.
By buying Arcadium, Rio would access to lithium mines,. processing facilities and deposits throughout four continents to. fuel decades of development, in addition to a client base that includes. Tesla, BMW and General Motors.
Arcadium and Rio Tinto declined to comment.
The Anglo-Australian mining company is currently among the. world's biggest manufacturers of copper - utilized to make electrical wiring,. building and construction equipment, electronics and other devices - also. as iron ore and other metals.
Arcadium has around 2,400 workers throughout nine countries. Approximately 84% of its profits originates from Asia - the existing worldwide. center for lithium demand - giving it development capacity as EV. jobs increase throughout the Western Hemisphere, particularly those. supported by the U.S. Inflation Decrease Act.
Rio deals with strong opposition in Serbia to its proposed Jadar. mine, for which it just recently restored its license. Regional. neighborhood members have consistently pressured Belgrade to obstruct. the task, which has the potential to provide much of Europe's. requirements of the battery metal.
Arcadium thinks it is unlikely Rio will ever be able to. develop the Serbian project, the second source said.
Rio might also take advantage of Arcadium's proficiency in direct. lithium extraction, a growing sector of the lithium market. that aims to mechanically filter the metal from brines.
No business has actually commercially released a DLE procedure without. evaporation ponds, however Arcadium has effectively been using DLE. considering that the 1990s with ponds in Argentina and its engineers are. widely viewed as global professionals.
Rio paid $825 million in 2022 for a DLE project in Argentina. that has yet to produce the metal.
' THE COMPLETE PLAN'
Arcadium was formed just in January by the merger of. U.S.-based Livent and Australia-based Allkem, with each business. getting an equivalent number of slots on the business's 12-person. board of directors.
Speculation of a prospective tie-up between Arcadium and Rio. has actually drifted for weeks.
Arcadium provides Rio the complete plan, Scotiabank analysts. said on Sept. 10, including that the case (for a buyout) has. reinforced.
At a discussion to financiers on Sept. 19, Arcadium laid. out an aggressive growth strategy to almost triple its adjusted. revenues by 2028 by developing its lithium jobs across the. globe.
Rio's interest in Arcadium comes in the middle of a rising wave of offer. interest throughout the mining industry, particularly for critical. minerals needed to power the worldwide energy transition.
BHP - the world's largest miner - previously this year. made a not successful bid for smaller rival Anglo American . Glencore, BHP and others are seen as possible. bidders for other critical minerals tasks.
(source: Reuters)