Latest News
-
Thyssenkrupp steel head prepares personnel for 'difficult' cuts
Thyssenkrupp's. 27,000 steel workers must brace for deep cuts, the brand-new head of. the corporation's steel department informed a German newspaper,. setting the stage for significant layoffs. Tough cuts are required. We have to become more. successful, Dennis Grimm, spokesperson for Thyssenkrupp Steel. Europe's (TKSE) executive board, informed Westdeutsche Allgemeine. Zeitung (WAZ) in an interview. The current market situation has deteriorated again in. recent months, and unfortunately there is no healing in sight. TKSE is emerging from a major clash with its parent over. funds that are required in a proposed 50:50 joint venture. structure with Czech billionaire Daniel Kretinsky, who already. owns a 20% stake in the steel organization. Grimm stated that presently a brand-new business plan was being. established for TKSE and it was unclear the number of tasks could have. to go. We can't yet put a specific figure on the number of people we will. utilize as soon as business strategy has been finalised and. settlements with the staff member representatives have been. completed, Grimm informed WAZ. But it will be less than today..
-
Tanzania orders gold dealerships to reserve 20% for purchase by c.bank
Tanzania's mining regulator has actually bought all mining companies and traders exporting gold to allocate at least 20% of the product for sale to the central bank to strengthen the bank's transfer to diversify its foreign reserves. The reserve bank of Tanzania (BoT) started purchasing gold from local traders and miners in the last fiscal year that ended in June to improve its reserves in the middle of depreciation pressure on the local currency, the shilling. In the 12 months to June, the central bank bought 418 kg of gold to boost its reserves and in the current financial year it plans to purchase 6 metric tons of gold. The regulator, the Tanzania Mining Commission, said late on Friday in a statement that the regulation will take effect efficiently on Oct. 1 as part of a newly enacted mining law. Miners and traders, according to the declaration, will be required to submit the reserved gold to two major mineral refineries, Eye of Africa Ltd in the capital Dodoma and Mwanza Precious Metals Refinery Ltd, situated in the lake city of Mwanza in the north of the East African nation. All payments will be done according to the Bank of Tanzania plans, the declaration stated, without providing information on rates. Tanzania's forex reserves stood at $5.29 billion at the end of July, adequate to cover 4.3 months of predicted imports of items and services.
-
Russian attacks on medical centre kill 6 people in Ukraine's Sumy, minister says
2 successive Russian attacks on a medical centre in Sumy in northeastern Ukraine on Saturday early morning killed 6 people, Ukraine's interior minister stated. The very first attack killed 1 individual and harmed the ceilings of a number of floors of the health center. The evacuation of patients and personnel started, Ihor Klymenko stated on Telegram. As individuals were being left, the Russians struck once again, eliminating a further five individuals, he said. Attacks on Sumy city and the Sumy region have ended up being much more frequent considering that Ukrainian forces launched an operation in Russia's neighbouring Kursk region in August and caught lots of settlements. Sumy city lies simply 32 km (20 miles) from the Russian border and Russian forces have been attacking the area and the city with drones and guided bombs. Klymenko did not define what weapons were used in Saturday's attacks however the local administration said the strike was carried out by drones. Ukrainian air forces earlier on Saturday said its soldiers shot down 69 of 73 drones during an over night Russian attack that included two ballistic and two cruise missiles. About 15 Russian attack drones were damaged by air defences on the borders and in the capital Kyiv, the armed force administration there said.
-
United States southeast deals with difficult task tidying up from Helene; death toll increases
Authorities across a wide swath of the southeastern United States dealt with the challenging task on Saturday of cleaning up from Typhoon Helene, one of the most powerful to hit the nation, as the death toll continued to increase. At least 43 deaths were reported by late on Friday, and authorities feared still more bodies would be found throughout numerous states. Helene, reduced late on Friday to a post-tropical cyclone, continued to produce heavy rains across a number of states, stimulating dangerous flooding that threatened to create dam failures that could swamp whole towns. In Florida's Pinellas County near Tampa, Constable Bob Gualtieri said he had never seen damage like that which Helene wrought. I would simply describe it, having invested the last couple of hours out there, as a battle zone, Gualtieri informed a press conference. At least 3.5 million clients remained without power throughout five states, with authorities cautioning it could be a number of days before services were completely restored. Scientists say environment modification contributes to fueling stronger, more damaging cyclones. Before moving north through Georgia and into Tennessee and the Carolinas, Helene struck Florida's Huge Bend region as a. powerful Classification 4 cyclone on Thursday night, packing 140 mph. ( 225 kph) winds. It left a disorderly landscape of. reversed boats in harbors, dropped trees, submerged cars and. flooded streets. Cops and firemens carried out thousands of water. rescues throughout the affected states on Friday. More than 50 people were saved from the roofing of a medical facility. in Unicoi County, Tennessee, about 120 miles (200 km) northeast. of Knoxville, state officials stated, after floodwaters swamped. the rural neighborhood. Rising waters from the Nolichucky River avoided ambulances. and emergency lorries from leaving clients and others. there, the Unicoi County Emergency situation Management Agency stated on. social media. Emergency teams in boats and helicopters were. performing saves. Somewhere else in Tennessee, Rob Mathis, the mayor of Cocke. County, ordered the evacuation of downtown Newport because of a. prospective failure at the nearby Walters dam. In western North Carolina, Rutherford County emergency situation. officials alerted residents near the Lake Tempt Dam that it might. fail, although they stated late on Friday that failure did not. appear imminent. In neighboring Buncombe County, landslides required interstates 40. and 26 to close, the county stated on X. WAKING TO DISASTER The degree of the damage in Florida started emerging after. daybreak on Friday. In seaside Steinhatchee, a storm surge - a wall of seawater. pushed ashore by winds - of eight to 10 feet (2.4-3 meters). moved mobile homes, the National Weather Service said on X. In. Treasure Island, a barrier island neighborhood in Pinellas County,. boats were grounded in front yards. The city of Tampa posted on X that emergency workers had. finished 78 water rescues of locals which numerous roads were. impassable due to the fact that of flooding. The Pasco County sheriff's. office saved more than 65 people. Officials had actually pleaded with citizens in Helene's course to. follow evacuation orders, with National Typhoon Center Director. Michael Brennan describing the storm surge as unsurvivable. Gualtieri, the Pinellas County sheriff, stated the conditions. prevented very first responders from addressing a number of emergency situation. calls. On Friday, county authorities found a minimum of five individuals. dead. Two others in Florida passed away, stated Guv Ron DeSantis. Georgia Governor Brian Kemp's workplace reported 15 storm-related. fatalities in that state, while North Carolina Governor Roy. Cooper stated there had been 2 deaths there. At least 19 people died during the storm across South. Carolina, the Charleston-based Post and Courier newspaper. reported, mentioning local authorities.
-
Mitsubishi Boosts Stake in Petronas’ Malaysia LNG Plant
Japanese trading house Mitsubishi said on Friday it would expand its ownership in a major liquefied natural gas (LNG) project in Malaysia, acquiring 10% stakes in the Dua and Tiga units of the Malaysia LNG plant.Operated by Malaysian state-owned energy giant Petronas, Malaysia LNG is one of the world's largest LNG facilities, with a total annual capacity of 29.3 million metric tons from four production units - Satu, Dua, Tiga and Train 9.Mitsubishi already owns a 5% stake in the Satu unit and its investments into Dua and Tiga would run for 10 years starting from 2025 and 2024, respectively, the company said.It did not say how much it was paying for the 10% stakes in Dua and Tiga. Japanese newspaper Nikkei, which reported the deal on Thursday, said Mitsubishi was expected to spend several hundred billion yen across the two projects.Petronas did not immediately respond to a request for comment.The project is the biggest single LNG facility supplying Japan, delivering 10 million tons a year of the super-chilled fuel, according to Mitsubishi. Japan is the world's second biggest LNG buyer after China.Apart from the LNG stakes, Mitsubishi has also invested in 10 gas blocks in Malaysia and is involved in automobile, food, petrochemicals, metal and steel businesses there.(Reuters - Reporting by Katya Golubkova in Tokyo; Additional reporting by Danial Azhar in Kuala Lumpur; Editing by Sonali Paul)
-
China, Brazil press on with Ukraine peace plan despite Zelenskiy's ire
China and Brazil on Friday pressed ahead with an effort to collect developing nations behind a strategy to end Russia's war in Ukraine, in spite of Ukrainian President Volodymyr Zelenskiy's termination of the initiative as serving Moscow's interests. Seventeen countries participated in a meeting on the sidelines of the United Nations General Assembly chaired by China's foreign minister, Wang Yi, and Brazilian foreign policy consultant Celso Amorim. Wang told reporters they went over the requirement to prevent escalation in the war, prevent the use of weapons of mass destruction and prevent attacks on nuclear reactor. Russia and Ukraine are next-door neighbors that can not be moved away from each other and amity is the only sensible option, Wang stated, adding that the international community needs to support a. peace conference involving both Russia and Ukraine. U.S. Secretary of State Antony Blinken, speaking later on,. after a meeting with Wang, underscored strong U.S. issues. about China's support for Russia's defense industrial base. Dealing with press reporters, he said that China, while saying. it looks for an end to the Ukraine conflict, is allowing its. companies to act that are in fact assisting Putin. continue the aggressiveness. That doesn't accumulate. Independently, Russian Foreign Minister Sergei Lavrov. talked about the conflict in New york city with his Brazilian. counterpart, Maura Vieira, Lavrov's ministry said on its. website. Along with Brazil and China, 10 nations from the Global. South that existed at the 17-nation conference, consisting of. Indonesia, South Africa and Turkey, signed a communique that. Amorim said builds on a six-point plan proposed by Brazil and. China in May. Countries would continue to meet in New york city under a. grouping of pals for peace, he added. Chinese President Xi Jinping signed a no limitations. partnership deal with Russian President Vladimir Putin in 2022,. less than 3 weeks before Russian troops went into Ukraine. Beijing states it has not supplied Russia with weapons for use. in Ukraine, but Western countries say its companies supply. materials that Russia uses in the manufacture of weapons for the. war. Zelenskiy, in a speech to the assembly on Wednesday,. questioned why China and Brazil were proposing an option to. his own peace formula. Proposing options, half-hearted settlement strategies,. so-called sets of principles would just give Moscow the. political area to continue the war, he stated. Inquired about Zelenskiy's comment, Amorim told Reuters, I'm. not here to respond either to Zelenskiy or Putin, simply to. propose a method for peace..
-
A minimum of 33 dead as Helene cuts devastating path through southeastern US
Tropical Anxiety Helene brought lifethreatening flooding on Friday to broad sections of the U.S. Southeast, where at least 33 individuals have been eliminated by a storm that overloaded communities, activated mudslides, threatened dams and left more than 4 million homes and services without power. In Tennessee, fears that a dam would stop working near the city of Newport prompted officials to purchase the evacuation of the downtown area. Another dam in North Carolina was on the brink of failure. Before moving north through Georgia and into Tennessee and the Carolinas, Helene struck Florida's Huge Bend region as a. effective Classification 4 cyclone on Thursday at 11:10 p.m. ET (0310. GMT on Friday) packing 140 miles per hour (225 kph) winds. It left behind a. chaotic landscape of overturned boats in harbors, felled trees,. submerged cars and flooded streets. Since early Friday afternoon, the storm had been reduced. to a tropical depression with maximum sustained winds of 35 miles per hour. ( 55 kph), the National Typhoon Center stated. But Helene's heavy rains were still producing devastating. flooding in many areas, with authorities and firefighters bring. out thousands of water saves throughout the affected states. More than 50 people were caught on the roof of a health center. at midday on Friday in Unicoi County, Tennessee, about 120 miles. northeast of Knoxville, as floodwaters overloaded the rural. neighborhood. State authorities later on said those individuals were securely. rescued. Increasing waters from the Nolichucky River were preventing. ambulances and emergency cars from leaving clients and. others there, the Unicoi County Emergency Management Agency stated. on social media. Emergency teams in boats and helicopters were. conducting saves. Somewhere else in Tennessee, Rob Mathis, the mayor of Cocke. County, wrote on social networks that the Walters dam has actually suffered. a disastrous failure which the downtown area of the nearby. city of Newport, with 36,000 people, would evacuate. However, the Tennessee Emergency Management Firm composed on. social networks that the Walters dam, which is located just throughout. state lines in North Carolina, had actually not failed. The agency said. that info came from Duke Energy, which operates the dam. Madison McDonald, a Duke Energy representative, said, we are. aware of the circumstance and we're sorting out the facts. In western North Carolina, Rutherford County emergency. authorities warned residents near the Lake Lure Dam to right away. leave to higher ground, saying Dam failure impending. In neighboring Buncombe County, landslides required interstates 40. and 26 to close, the county said on X. The level of the damage in Florida started emerging after. daybreak. In seaside Steinhatchee, a storm surge - the wall of. seawater pressed ashore by winds - of 8 to 10 feet (2.4-3. meters) moved mobile homes, the NWS stated on X. In Treasure. Island, a barrier island community in Pinellas County, boats. were grounded in front lawns. The city of Tampa published on X that emergency situation workers had. completed 78 water rescues of citizens and that lots of roadways were. blockaded due to the fact that of flooding. The Pasco County sheriff's. workplace rescued more than 65 people over night. Authorities had pleaded with citizens in Helene's path to. hearken evacuation orders, explaining the storm rise as. unsurvivable, as NHC Director Michael Brennan warned. Some citizens had actually stubbornly stayed put. Ken Wood, 58, a state ferry boat operator in Pinellas. County, said he should have followed evacuation orders rather than. riding out the storm at home with his 16-year-old cat, Andy. I'll never ever do that once again, I swear, Wood stated. It was a. harrowing experience. It roared all night like a train. It was. unnerving. Your house shook. Down the hill from his house, the storm flooded some homes. with chest-deep seawater. One home ignited and burned. down, shooting 30-foot flames in the stormy sky, he stated. Old Andy appeared like he didn't care, Wood stated. He did. fine. However next time we leave. Pinellas County Sheriff Bob Gualtieri said first responders. were unable to respond to a number of emergency calls from citizens. overnight due to the conditions. On Friday, county authorities. found at least 5 individuals dead. Two other individuals in Florida died, Governor Ron DeSantis. validated. Georgia Governor Brian Kemp cited 11 storm-related. fatalities in his state so far, while North Carolina Guv. Roy Cooper stated there had actually been 2 deaths there. At least 13 individuals had died during the storm throughout South. Carolina, the Charleston-based Post and Carrier newspaper. reported, citing local authorities. Helene was uncommonly large for a Gulf hurricane, forecasters. stated, though a storm's size is not the same as its strength,. which is based on optimum continual wind speeds. A couple of hours before landfall, Helene's tropical-storm winds. extended outward 310 miles (500 km), according to the National. Typhoon Center. By comparison, Idalia, another significant typhoon. that struck Florida's Huge Bend region in 2015, had. tropical-storm winds extending 160 miles (260 km) about eight. hours before it made landfall. More than 4.6 million homes and services lacked. power midday on Friday in Florida, Georgia, the Carolinas and. other states, according to the tracking website Poweroutage.us.
-
Peru is 'losing the battle' against arranged crime, service groups state
Peru's service associations said on Friday that the country is losing the battle versus organized criminal activity, after an escalation in extortions required the federal government to contact the military to help cops boost security in the capital Lima. The Andean nation's federal government on Thursday stated a 60-day state of emergency situation in 12 districts of Lima after bus chauffeurs in the city went on strike, demanding higher defense from authorities due to a wave of extortion and attacks. On Friday, it included two more districts. We live under siege from arranged criminal offense which has actually taken control of the country in the alarming lack of the state, more than 20 trade associations stated in a joint statement. The organizations vary from industry and commerce to import-export firms, dining establishments and even beauty parlor. None of our activities, no matter size or sector, is safe from extortion, they said. The business groups said arranged criminal activity is being compounded by the fortifying of financial activities operating exterior the law, such as unlawful mining, which they say has penetrated politics. Mining business have actually reported duplicated deadly attacks on their installations by armed men they say are connected to prohibited miners. The state of emergency situation, which suspends some people' rights associated to free transit, comes amidst pressure from the opposition and civil society for more steps to fight criminal offense as it threatens the country's economy.
Russia-Ukraine Black Sea shipping offer was almost reached last month, sources state
Russia and Ukraine worked out for 2 months with Turkey on a deal to guarantee the security of shipping in the Black Sea and reached arrangement on a. text that was to be revealed by Ankara but Kyiv all of a sudden pulled. out, 4 individuals knowledgeable about the matter told .
The settlements were mediated by Turkey after pushing by. the United Nations, according to the sources who spoke to. on condition of anonymity due to the level of sensitivity of such. talks.
A deal was reached in March to guarantee the security of. merchant shipping in the Black Sea, and though Ukraine did not. wish to sign it officially, Kyiv gave its assent for Turkish. President Tayyip Erdogan to announce it on March 30, the day. before crucial regional elections, the sources stated.
At the extremely eleventh hour, Ukraine suddenly pulled out and. the deal was scuttled, stated among the sources.
Three other people confirmed that version of occasions. Russia,. Ukraine and Turkey decreased to comment.
It was not right away clear why Ukraine pulled out. The. people who spoke with stated they did not know what had. triggered Kyiv's decision.
Ukrainian President Volodymyr Zelenskiy said in February. that without brand-new U.S. military help, Ukraine would not have the ability to. defend a Black Sea shipping corridor hugging its western Black. Sea coast near Romania and Bulgaria.
The talks on the shipping offer, which have actually not been reported. in the past, provide a look of the peaceful diplomacy going on behind. closed doors on ways to bring the two warring sides to. negotiation, if only, in the beginning, about merchant shipping.
When asked for a comment on the reporting, United. Countries Spokesman Stephane Dujarric stated: We still hope that. flexibility of navigation in the Black Sea will prevail.
Turkey and UN Secretary-General Antonio Guterres have actually been. trying to months to get merchant shipping cruising more easily. though the Black Sea, which in some areas has actually been turned into a. marine battle zone given that Russia invaded Ukraine in 2022.
The Black Sea is a key path for both Russia and Ukraine to. get bulk products such as grain, fertiliser and oil to world. markets, though sea shipping volumes have fallen substantially. given that the war.
RUSSIA-UKRAINE TALKS
The text of the offer, a copy of which has seen, said. that Turkey as part of its mediation efforts had actually reached. agreements with Ukraine and Russia on making sure free and safe. navigation of merchant vessels in the Black Sea in compliance. with the Montreux Convention of the Regime of the Straits.
That 1936 deal gives Turkey control over the Bosphorus and. Dardanelles and the power to control transit of marine warships.
It also ensures the totally free passage of civilian vessels in. peacetime and restricts the passage of ships not belonging to. Black Sea nations.
Under the deal almost revealed on March 30, both Moscow and. Kyiv would have offered security warranties to merchant vessels. in the Black Sea, devoting not to strike or to take or browse. them as long as they were either empty or had actually declared a. non-military cargo.
These assurances do not use to warships, civilian vessels. bring military products (with the exception of maritime. transportation agreed upon by the Celebrations within the framework. of worldwide missions), the draft contract said.
The Republic of Turkey informs the UN Secretary General. that the contract has actually been reached and is being implemented. through the mediation of the Republic of Turkey, the draft. stated. The contract enters force upon announcement.
Turkey and the United Nations assisted moderate the Black Sea. Grain Initiative, an offer struck in July 2022 that had actually enabled. the safe Black Sea export of almost 33 million metric lots of. Ukraine grain.
Russia withdrew from the arrangement in July 2023, grumbling. that its own food and fertiliser exports faced serious. challenges.
(source: Reuters)