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Three people killed and 70 injured when a tanker truck exploded on a highway in Mexico
Authorities said that a gas tanker truck flipped, burst into fire and exploded along a highway in southeast Mexico City. At least three people were killed and 70 injured. A massive explosion and fire destroyed several vehicles at the border of the Iztapalapa district in the capital and Chalco, Mexico State. Drone footage shows firefighters fighting the fires and cooling down the charred remains from the tanker and other vehicles. Clara Brugada, Mexico City mayor, said on X network that there were 70 injured people and three fatalities. She released a list of the hospitalized and said that it would be updated based on medical assessments. She said, "We will continue providing medical support to victims of this accident." Local officials reported that emergency personnel were called to the scene where several people suffered serious burn injuries. Later, the city's Fire Department said that the fires were extinguished around and in the tanker trailer which was hauling liquefied petrol gas. This is the second major highway accident in Mexico within a week. (Reporting and editing by Tom Hogue; Lizabeth Diz, Natalia Siniawski)
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Charlie Kirk, a right-wing activist who died at age 31, played a key role in Trump’s victory of 2024
Charlie Kirk, a right-wing American political activist, was credited for building Donald Trump's support among younger voters. He also galvanized conservative youth and rose to international prominence with a group that he founded when he was 18. Kirk, a native Illinoisan who founded the conservative students group Turning Point USA, and then went on to become an rising star in Trump's Republican Party, was just returning to the United States after a speaking tour overseas when he died on Wednesday. Kirk was 31. Kirk, president of Turning Point USA was addressing an outdoor crowd at the Utah Valley University in Orem. The Utah Governor described Kirk's assassination as "political." It is not known what motivated the crime, and it wasn't clear if a suspect was arrested. Kirk was the keynote speaker at an event organized in Tokyo by the extreme-right Sanseito Party, which won big in Japan's July upper house elections. Kirk also spoke recently in South Korea. Kirk attracted 5.3 million subscribers to his X account, and drew a monthly audience of over 500,000 listeners for podcasts of "The Charlie Kirk show." Kirk also authored several books or contributed to others, such as "Time for a Turning Point," "The College Scam," and "Time for a Turning Point." INFLUENCE BUILT UPON COLLEGE CAMPSITES Kirk founded Turning Point USA with Bill Montgomery in 2012. The non-profit group supports conservative candidates. Turning Point USA is an organization that promotes conservative causes in college campuses. It was crucial in influencing youth to support Trump during the November 2024 elections. Kirk's Turning Point was raucous. It was a mixture of a tent revival, rock show, and professional wrestling match. Speakers would be accompanied by loud anthems, bright pyrotechnics and a high-spirited audience of thousands. Kirk died on Trump's online platform Truth Social. Trump said, "Nobody understood or had the Heart of the Youth of the United States of America like Charlie." "He was loved by all, but especially me. He is no longer among us." Kirk was honored by Trump's order to fly the flags at half-staff. Kirk's provocative remarks were directed at Muslim politicians including Minneapolis mayoral candidate Omar Fateh, and Islam in general. In April, he said that "Islam has conquest-like values." They are trying to conquer land and territories, and Europe has now been conquered. He repeated conspiracy theory popular with white nationalists. Kirk claimed that Jasmine Crockett (a Black Democratic lawmaker) was part of an attempt to "eliminate the white population of this country" in an August podcast. Kirk, the son of an architect and a counselor in a mental health clinic, saw his political career take off after he wrote a 2012 opinion piece for Breitbart, a conservative media outlet, which caught Fox News' attention, according to New York Times reports from February. The Times reported that Fox booked Kirk to speak about the national debt. This appearance led him to give a speech at Benedictine University where he met Montgomery a Tea Party activist. Montgomery encouraged Kirk's message to be spread on college campuses and registered Turning Point USA in July 2012 for Kirk. Kirk's wife Erika is a former Miss Arizona USA beauty contest winner. They have two children. Steve Gorman reported from Los Angeles, Helen Coster from New York, and Jim Oliphant contributed additional reporting. Additional reporting was provided by Andrew Hay, Brad Brooks and Andrea Shalal. Joseph Ax and Jana Winter also contributed.
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Oil prices flat amid weak US demand, softening economy
The oil price was flat on Thursday. It had cooled from the previous session due to weak demand in the United States. Broad oversupply risk and concerns over the Middle East attacks and Russia's conflict in Ukraine were offset by the lack of concern about the Middle East. Brent crude futures rose 1 cent or 0.01% to $67.50 a barge by 0156 GMT. U.S. West Texas Intermediate Crude futures gained 2 cents or 0.03% to $63.69. The benchmark contracts increased by more than $1 on Wednesday, following Israel's attack the day before on Hamas leaders in Qatar. Poland also scrambled their own air defences and NATO to shoot down suspected Russian Drones that had entered its airspace while an attack was being carried out on western Ukraine. This was the first known instance of a Western military alliance member firing shots during Russia's conflict in Ukraine. Israel's airstrike on Qatar came shortly after Hamas took responsibility for the shooting that left six people dead at a bus station on the outskirts Jerusalem on Monday. The U.S. economy is softening, as evidenced by falling producer prices, rising oil inventories, and a slowing labor market. The Energy Information Administration reported that U.S. crude stocks rose by 3.9 millions barrels during the week ending September 5. This was against the expectation of a drawback of 1 million barrels. Gasoline inventories also increased, adding 1.5m barrels against an expectation of a drawback of 200,000 barrels. Analysts now expect the U.S. Federal Reserve will cut interest rates at its mid-September meeting next week. Stephen Brown, Capital Economics' deputy chief economist in North America, wrote in a report that the FOMC was likely to vote next week for a 25bp rate cut due to the improving labour market. However, a rare triple dissension in favor of a 50bp increase could grab the headlines. On Thursday, the European Central Bank is expected to keep its interest rate unchanged. (Reporting and editing by Tom Hogue; Katya Golubkova)
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Charlie Kirk, a right-wing activist who died at age 31, played a key role in Trump’s victory of 2024
Charlie Kirk, a U.S. political activist of the right, was one of many influential figures who helped to amplify Republican president Donald Trump's agenda. He galvanized conservative youth, and rose to prominence internationally with his often incendiary rhetoric on issues such as race, immigration, and gender. Kirk, a native Illinoisan who founded the conservative student group Turning Point USA when he turned 18 years old and later became a rising star within the Republican Party, under Trump, was just returning to the United States after completing a speaking tour overseas, when he died on Wednesday. Kirk was 31. Kirk, president of Turning Point was addressing an outdoor crowd at Utah Valley University in Orem. He headlined a Sunday event in Tokyo, organized by the extreme-right Sanseito Party, which won big in Japan's July upper house elections. Recently, he also spoke in South Korea. Kirk attracted 5.3 million subscribers to his X account, and 500,000 listeners a month for his podcasts. Kirk also authored several books or contributed to others, such as "Time for a Turning Point," "The College Scam," and "Time for a Turning Point." INFLUENCE BUILT UPON COLLEGE CAMPSITES Kirk founded Turning Point USA with Bill Montgomery in 2012. The non-profit group supports conservative candidates. Turning Point USA is an organization that promotes conservative causes in college campuses. It was crucial in influencing youth to support Trump during the November 2024 elections. Kirk's Turning Point was raucous. It was a mixture of a tent revival, rock show, and professional wrestling match. Speakers would be accompanied by loud anthems, bright pyrotechnics and a raucous crowd of up to tens of thousands. Kirk died on Trump's online platform Truth Social. Trump said, "Nobody understood or had the Heart of the Youth of the United States of America like Charlie." "He was loved by all, but especially me. He is no longer among us." Kirk was honored by Trump's order to fly the flags at half-staff. Kirk's provocative remarks targeted Muslim politicians including Minneapolis mayoral candidate Omar Fateh, and Islam in general. Kirk expressed xenophobic opinions of the Islamic World and Islamic Culture, using Europe as a reference to support his views. In April, he said that "Islam has conquest-like values." They are trying to conquer land and territories, and Europe has now been conquered. Kirk claimed in an August episode of his podcast that Jasmine Crockett (a Black Democratic legislator) was part of a "attempt" to eliminate the White population of this country. Kirk stated that "the great replacement of the white people" is more sinister than a redistricting plan. Kirk, the son of an architect and a counselor in a mental health clinic, saw his political career take off after a 2012 Breitbart op-ed that he wrote caught Fox News' attention, according to New York Times reports from February. The Times reported that Fox booked Kirk to speak about the national debt. This appearance led him to give a speech in Benedictine University where he met Montgomery a local Tea Party activist. Montgomery encouraged Kirk's message to be spread on college campuses and registered Turning Point USA in July 2012 for Kirk. Kirk's wife Erika is a former Miss Arizona USA pageant winner and they have two children. Steve Gorman reported from Los Angeles, Helen Coster from New York, and Jim Oliphant contributed additional reporting. Additional reporting was provided by Jasper Ward and Andrew Hay. Brad Brooks also contributed. Andrea Shalal and Joseph Ax were also involved. Jana Winter and Kanishka Singh edited the story.
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Elliott says Kansai electric can be more attractive by selling off non-core assets
Elliott Management, an activist investor and Kansai electric power shareholder, has said that the Japanese utility can become a better long-term investment if it sells non-core assets, boosts profitability, and increases shareholder returns. Elliott is now one of the three largest shareholders in Kansai, Japan's largest nuclear power company by number of reactors online. The stake, which ranges between 4%-5%, was disclosed on Wednesday by a source familiar with the situation. In a Wednesday statement released from London, Elliott stated that it looked forward to working closely with Kansai's management team and other key stakeholders in order to enhance the core business of the company. The company's statement stated that "by increasing shareholder returns, unlocking the capital from its non core assets, and improving profitability, We believe the Company can enhance its funding flexible for future growth, and bolster its attraction as a long term investment proposition." Elliott wants Kansai to increase its dividend from 60 yen to 100 yen and to increase share buybacks through the sale of non-core assets. This source, who is not authorized to speak in public, was familiar with the situation. The source claimed that Elliott had identified non-core assets worth over 2 trillion yen (13.58 billion dollars) at the company, including real estate valued at more than 1 trillion yen and a stake in construction firms. Elliott's announcement did not include details about its stake in Kansai or any other proposals. Kansai did not immediately respond to a comment request. Elliott has taken stakes in companies such as Tokyo Gas, Sumitomo Corp, and Dai Nippon Printing, in an effort to increase shareholder returns and corporate values. Kansai Electric, in addition to its energy business, has assets including IT, real estate and others. However, it targets nuclear power as the main source of earnings growth near-to mid-term. The company plans to maintain its 60-yen dividend per share for the fiscal year, despite an expected 30% decline in profits. Kansai Electric announced in July that it had begun surveying for a nuclear power plant at its Mihama station in western Japan. This was the first concrete move by the country since the meltdown of Tokyo Electric Power’s Fukushima nuclear plant in 2011. ($1 = 147.2880 yen)
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Climate advisory panels are dismantled by the US Treasury Department
The U.S. Financial Regulators voted Wednesday to dissolve two committees that were charged with monitoring the financial risks caused by climate change. This ends a multi-year effort of the Biden Administration to embed climate threats in financial regulations. The Financial Stability Oversight Council (FSOC), a multi-regulator body that monitors risk and is chaired Scott Bessent of the Treasury Department, revoked, by voice vote, without dissent, or abstentions, during a public meeting, the charters for its Climate-Related Financial Risk Committee, as well as its Climate-Related Financial Risk Advisory Committee. Janet Yellen was Bessent’s predecessor in the Biden administration. She warned that severe weather, wildfires, and other climate events could have a large impact on U.S. economics and finances and cause asset losses. Bessent explained that the dismantling of financial regulations was part his "back-to-basics" approach, which aims to reduce burdensome rules for banks and other lending institutions and to ease capital requirements. Bessent said that by rescinding the charters the council could better focus their attention and resources on the core issues of financial stability and our efforts to encourage economic growth and security, while maintaining safety and soundness. This is an important step in destroying Biden's energy and climate policies. It includes reducing federal funding for clean energy, as well as slashing the regulations that boost fossil fuel production. Tracey Lewis is a senior policy adviser at Public Citizen, a non-profit organization. The committee's research on the financial impact of climate disasters in housing, homeowners' policies, and financial regulations plays an important role in protecting safety and soundness for the American financial system. In a Treasury presentation, FSOC also announced its intention to review previous guidance on the designation of non-bank financial institutions as systemically significant financial institutions. This would expose them to greater supervision. (Reporting and editing by Sam Holmes; David Lawder)
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Newmont requests voluntary delisting of Toronto Stock Exchange
Newmont, the largest gold miner in the world, has requested that its common shares be delisted from the Toronto Stock Exchange because of low trading volumes. The move is expected to take effect at or around the close of the trading on September 24. It will likely improve administrative efficiency and lower costs. Bloomberg News reported that Newmont had set a goal to reduce costs by $300 an ounce. This could lead thousands of layoffs. The miner announced last year that it would divest of non-core assets and reduce its workforce, as well as reduce debt, following the $17.14 billion purchase of Australian firm Newcrest. Since November 2024 the company has sold several Canadian assets. These include the Eleonore Mine, which was sold for $795 million; the Musselwhite Gold Mine, located in Ontario and sold at an $850 million price; and its stake in Porcupine Operations, located in Ontario. This deal valued the company's stake in Porcupine Operations at $425 million. Newmont continues to operate the Brucejack mine and Red Chris mine, both in Canada. In July, when the company reported its results for the second quarter, it announced a share-repurchase program of $3 billion. The miner announced on Wednesday that it will maintain its primary listing at the New York Stock Exchange, and also support its listings at the Australian Securities Exchange and Papua New Guinea Stock Exchange. The shares are currently traded on alternative markets, so it does not plan to ask for approval from security holders. (Reporting and editing by Shilpa Majumdar in Bengaluru. Pooja Menon is based in Bengaluru.
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Top cases heard by the US Supreme Court in 2025-2026
The U.S. Supreme Court is preparing to decide a number of cases during its upcoming term that begins in October. These cases include issues like tariffs, transgender, campaign finance, crisis pregnancy centers and religious rights. The following are some of the cases that will be heard during the upcoming court term. Separately, the court has also acted in emergency cases in several cases that involved challenges to President Donald Trump’s policies. TRUMP TARIFFS On September 9, the court agreed to rule on the legality Trump's sweeping tariffs around world, a test that will be a major part of his agenda for economics and trade. The court heard the Justice Department appeal against a lower-court ruling that Trump had overstepped his powers in imposing his tariffs, which were imposed under a federal emergency law. This case could result in trillions of dollars worth of customs duties for the next decade. The U.S. Court of Appeals in Washington ruled Trump had overreached by invoking a 1977 act known as the International Emergency Economic Powers Act in order to impose tariffs. This ruling was made in response to challenges from five small businesses as well as 12 U.S. States. A toy manufacturer will also be bringing a separate case. Arguments will be held in the first week of Novembre. TRANSGENDER SPORTS PARTICIPATION On July 3, the court decided to hear Idaho and West Virginia's bid to enforce state laws that prohibit transgender athletes in female sports teams of public schools. This is another civil rights challenge against Republican-backed restrictions for transgender individuals. Idaho and West Virginia appealed lower court decisions siding with transgender plaintiffs. Plaintiffs argued the laws discriminate based upon sex or transgender status, in violation of U.S. Constitution 14th Amendment equal protection guarantee and Title IX civil right statute which prohibits sex discrimination in schools. The arguments have not been scheduled. CAMPAIGN-FINANCE On June 30, the court agreed to hear a Republican challenge, based on free speech grounds, to a federal campaign finance provision that limits spending by parties in coordination and cooperation with candidates for office. The case involved Vice President JDVance. Vance and two Republican committees, both of whom were running for U.S. Senate at the time the litigation started, appealed the ruling by a lower court that upheld the restrictions on how much money political parties could spend on campaigns, with the input of candidates they supported. The question is whether the federal restrictions on coordinated campaign expenditures violate First Amendment protections against government abridgment. The arguments have not been scheduled. GAY "CONVERSION THERAPEUTY" The Justices agreed on March 10 to hear a Christian Therapist's challenge to a Democratic Colorado law that bans "conversion therapy", which is intended to change a child's sexual orientation. Kaley Chiles, a licensed counselor, appealed the decision of a lower court that rejected her claim that a 2019 statute violated the First Amendment by censoring her communications with her clients. The state claims it regulates professional conduct and not speech. Chiles, a Colorado-based Christian therapist who believes that "people flourish when they live in accordance with God's plan including their biological gender," according to court documents. Arguments will be held on October 7. CRISIS PREGNANCY COUNTER The court agreed on June 16 to reconsider reviving the operator of a New Jersey crisis pregnancies center's attempt to stop the Democratic-led attorney general's investigation into whether the Christian faith based organization misled women to believe it offered abortions. First Choice Women's Resource Centers has appealed the ruling of a lower court that said the organization had to contest the attorney general's summons in state court prior to bringing a lawsuit against it. Crisis pregnancy centers offer services to pregnant women in order to prevent them from getting an abortion. Abortion rights activists have criticized them for not advertising their anti-abortion position. First Choice argues that it has the right to take its case to federal court, because it alleges a violation of First Amendment rights for free speech and freedom of association. The arguments have not been scheduled. RASTAFARIAN INMATES The Justices took up on June 23, a Rastafarian's lawsuit against state prison officials in Louisiana for holding him down and shaving him bald, in violation of their religious beliefs. Damon Landor's religion dictates that he let his hair grow. He appealed the decision of a lower court to dismiss his lawsuit filed under a U.S. statute protecting against religious infringements by state and local government. Landor was not allowed to sue officials individually for damages under this law, according to the lower court. The law in question protects religious rights for people who are confined in institutions like prisons and jails. The arguments are scheduled for 10 November. DEATH ROW INMATES The court decided on June 6 to hear the appeal of Alabama officials against a ruling that an Alabama man convicted of murder in 1997 was intellectually disabled. This finding spared him the death penalty, but the Republican-led state is still pushing to execute him. According to the lower court's analysis of Joseph Clifton Smith's IQ scores and expert testimony, he was deemed intellectually disabled. According to a Supreme Court precedent from 2002, the Eighth Amendment's prohibition on cruel and unjust punishment is violated by executing a person with intellectual disabilities. The arguments have not been scheduled. Arguments will be held on November 4. LOUISIANA ELECTORAL DISTRECTS The court will again hear arguments in a dispute involving a Louisiana election map that increased the number of U.S. Congress districts with a majority of Black people in the state. The court announced on August 1, that it would assess the legality a key component in the landmark Voting Right Act. This could give its conservative majority the chance to eliminate a provision that was enacted 60-years ago to prevent racial bias when voting. Justices heard arguments on March 24, but ordered on June 27 that the matter be debated again. State officials and civil right groups appealed an earlier court ruling which found that the map of Louisiana's six U.S. House of Representatives district - now with two Black majority districts instead of one - was in violation of the Constitution's equal protection promise. Arguments will be held on October 15. COX COMMUNICATIONS PIRACY VERDICT On June 30, the justices took up a dispute over copyright between Cox Communications, an internet service provider, and a group music labels. This was in response to a court decision that had thrown out a $1 Billion jury verdict against Cox Communications for alleged music piracy by Cox users. Cox Communications appealed the lower court decision that it remained liable for any copyright violations by its customers despite the decision to overturn the jury verdict. Sony Music, Universal Music Group, and Warner Music Group are among the labels. The arguments have not been scheduled. CHEVRON & EXXON COASTAL POLLLUTION On June 16, the court agreed to hear an application by Chevron and Exxon Mobil, as well as other oil and gas firms to move lawsuits filed by two Louisiana municipalities accusing them of damaging the state's coastline over a decade-long period to federal court. The companies appealed the lower court's decision rejecting their claim that the lawsuits should be heard in federal court, because the parishes Plaquemines & Cameron were suing for oil production undertaken during World War II to fulfill U.S. Government refinery contracts. Federal court is viewed as a more friendly venue for such litigation. Arguments have not been scheduled. ENBRIDGE PIPELLINE DISPUTE On June 30, the justices decided to hear Enbridge’s request to change the venue of Michigan’s lawsuit to force the Canadian pipe-line operator to cease operating a line beneath the Straits of Mackinac (waterways connecting two of the Great Lakes) due to environmental concerns. Enbridge appealed the lower court's decision rejecting its request to transfer the case from state to federal court. Federal court is considered to be more favourable to defendants. The arguments have not been scheduled.
Barrick sells its Hemlo Mine in Canada for up to $1 billion
Carcetti Capital and Barrick Mining have agreed to sell their Hemlo Gold Mine in Canada for up to $1.009 billion.
The statement said that the deal included $875 million cash at closing and $50 million in Carcetti shares, as well as up to $165 millions in contingent payments tied to gold production and prices starting in 2027 and over five years.
Carcetti announced that it would fund the acquisition with a combination of financing. This includes a $400-million gold stream from Wheaton Precious metals, a $225-million loan underwritten and guaranteed by Scotiabank, and approximately $415 million in a private placement.
The deal will close in the fourth-quarter and Carcetti Capital will be renamed Hemlo Mining Group.
Barrick's quarterly profits surpassed estimates in August and the company raised its dividend, despite a $1.04bn charge related to its Mali mine. This was part of an overall effort to focus on its biggest gold and copper operations and shed non-core assets. (Reporting by Surbhi Misra in Bengaluru; Editing by Alan Barona)
(source: Reuters)