2025-11-16 21:41
Nov 16 (Reuters) - Bitcoin, the world's largest cryptocurrency by market value, was down by 1.59% at $93,684 at 4:21 p.m. ET (2121 GMT) on Sunday. Sign up here. https://www.reuters.com/business/bitcoin-falls-nearly-2-93684-2025-11-16/
2025-11-16 20:44
WELLINGTON, Nov 17 (Reuters) - New Zealand late on Sunday welcomed the United States' announcement that it would remove additional tariffs on a range of New Zealand agricultural products, including beef, offal and kiwi fruit, but said it would like to see all the additional U.S. tariffs on New Zealand goods removed. President Donald Trump on Friday removed tariffs he had imposed on more than 200 food products, including beef, amid consumer concerns about rising U.S. grocery prices. The products represent around 25% of New Zealand's exports to the U.S. and are worth roughly NZ$2.21 billion ($1.25 billion) annually, according to the New Zealand government. Sign up here. “The U.S. remains an important trade partner for New Zealand and the decision to lift these tariffs is a step in the right direction and will be welcomed by exporters who have faced months of uncertainty and higher costs,” New Zealand's trade minister, Todd McClay, said in a statement released late on Sunday. He said it was only a partial rollback and the broader reciprocal tariff framework continues to create cost and uncertainty for the country's exporters. McClay said he would continue to make the case that New Zealand's trading relationship with the U.S. is balanced and that the additional reciprocal tariffs on other New Zealand exports should also be removed. ($1 = 1.7612 New Zealand dollars) https://www.reuters.com/world/asia-pacific/nz-welcomes-lifting-us-tariffs-125-billion-exports-2025-11-16/
2025-11-16 18:16
KINSHASA, Nov 16 (Reuters) - Around 30 people were killed at a semi-industrial copper mine in southeastern Congo on Saturday after a bridge collapsed, the country's artisanal mining agency said. An agency official told Reuters there were 49 deaths and 20 people had been taken to hospital in a critical condition as a result of the incident, which occurred on Saturday at the Kalando mining site in Lualaba province. Sign up here. Artisanal mining employs an estimated 1.5 to 2 million people in Congo and supports more than 10 million indirectly. The collapse was "caused by panic, reportedly triggered by gunfire from military personnel securing the site," said Congo's Artisanal and Small-Scale Mining Support and Guidance Service, known by its French acronym SAEMAPE. Miners then "piled on top of each other, causing injuries and death", SAEMAPE added in a statement on Sunday. The Initiative for the Protection of Human Rights called for an independent investigation into the military's role in the deaths, citing reports of clashes between miners and soldiers. A military spokesperson did not immediately respond to a request for comment. Roy Kaumba, the provincial interior minister, said in a televised statement that 32 people had been confirmed dead. Mining accidents are common in unregulated artisanal mines, with dozens of deaths every year at sites where often ill-equipped diggers burrow deep underground. https://www.reuters.com/sustainability/society-equity/around-30-people-killed-congo-copper-mine-incident-officials-say-2025-11-16/
2025-11-16 17:18
Nov 16 (Reuters) - Kuwait has opened the bidding for a new 0.5-gigawatt solar project, aimed at expanding clean power generation in the Gulf state, by inviting pre-qualified consortia to submit proposals. Kuwait's second such tender this year covers the Al Dibdibah Power and Al Shagaya Renewable Energy Phase III, a Zone 2 Solar PV Independent Power Project, the Kuwait Authority for Partnership Projects said on Sunday in the official gazette. Sign up here. It will supply the Ministry of Electricity under a 30-year power purchase agreement, KAPP added. Kuwait has been facing severe power shortages due to rapid population growth, urban expansion, rising temperatures and maintenance delays at some plants, forcing the OPEC member to impose planned power cuts in some areas since last year. Six consortia have been invited to submit bids, including groups led by Jinko Power, Abu Dhabi Future Energy Company PJSC – Masdar, Tianjin Zhonghuan New Energy Co., EDF Renewables SA, ACWA Power, and Swift Current Management Services (SCF). Limak Yatirim Enerji, TotalEnergies Renewables and Kalyon Enerji have qualified as contractors. KAPP said the winning bidder will undertake the project under a contractual framework that includes the development, financing, design, construction and operating of the plant. It will be developed under Kuwait's PPP framework, in which a strategic partner holds 26%–44% of the project company, 50% is offered to Kuwaitis and the rest is retained by the government. Kuwait has recently accelerated its energy project rollout. KAPP opened bids for the first phase of the 1.8-GW Al Khairan power project in September and in August it signed more than $3.27 billion in contracts with ACWA Power and Gulf Investment for Al-Zour North phases 2 and 3. https://www.reuters.com/business/energy/kuwait-invites-bids-new-05-gw-solar-project-latest-tender-2025-11-16/
2025-11-16 16:01
BERLIN, Nov 16 (Reuters) - Dialogue with China is key to find solutions for pressing problems like supply chain uncertainty and Chinese overcapacity, German Finance Minister and Vice Chancellor Lars Klingbeil said on Sunday ahead of his trip to the country. His visit comes as Germany reassesses its trade policy towards China, accelerating a policy of "de-risking" after Beijing's recent curbs on rare earths and semiconductors rattled German industry. Sign up here. "Access to critical raw materials and the reduction of Chinese overcapacity in sectors such as steel and electric mobility are of great importance for the economy and jobs in Germany," Klingbeil said in Berlin before departing for Beijing. "We do not shy away from competition, but it must be fair," he added. Klingbeil will be the first minister from Germany's coalition government to visit China. Foreign Minister Johann Wadephul postponed his trip, planned for the end of October, after Beijing confirmed only one of his requested meetings. GERMANY TO DISCUSS UKRAINE WAR WITH CHINA Russia's war of aggression against Ukraine will also be a topic of discussion, Klingbeil said, noting that the conflict has far-reaching consequences for the economy and stability not only in Europe but worldwide. "China plays a decisive role when it comes to ending this war," Klingbeil said. https://www.reuters.com/world/china/top-german-minister-departs-china-seeking-dialogue-trade-tensions-2025-11-16/
2025-11-16 15:39
Novorossiysk resumes loadings after two-day suspension Ukraine struck Novorossiysk in missile and drone attack Suezmax and Aframax-class tankers loading MOSCOW, Nov 16 (Reuters) - Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missile and drone attack, two industry sources said and LSEG data showed. Novorossiysk and a neighbouring Caspian Pipeline Consortium terminal temporarily suspended oil exports - equivalent to 2.2 million barrels per day, or 2% of global supply - on Friday. Global oil prices rallied by more than 2% on supply fears after the attack. Sign up here. Two industry sources told Reuters on condition of anonymity that loadings had resumed. According to LSEG data, two tankers — the Suezmax class Arlan and Aframax class Rodos — are currently loading oil at the port’s berths. The Ukrainian attack damaged two oil berths at Novorossiysk. The attack on Novorossiysk, Russia’s largest Black Sea export hub, was the most damaging Ukrainian attack to date on Russia’s main Black Sea crude export infrastructure. Novorossiysk accounts for about a fifth of Russian crude exports and a long shutdown would have forced costly shuttering of oil wells in West Siberia, a step that would have significantly reduced the amount of oil sent to world markets by the world’s second largest exporter. The attack on Novorossiysk came after months of Ukrainian drone attacks on Russian refineries, oil depots and pipelines. Reuters reported on Thursday that Russia's oil processing has fallen just 3% this year, despite Ukraine's biggest drone attacks to date. The Caspian Pipeline Consortium, which exports oil from Kazakhstan via a Black Sea terminal, resumed oil loadings on Friday after a brief suspension due to the attack. Russian crude oil shipments via Novorossiysk's Sheskharis terminal totalled 3.22 million tonnes, or 761,000 barrels a day, in October, according to industry sources. A total of 1.794 million tonnes of oil products were exported through Novorossiysk in October, the sources said. https://www.reuters.com/business/energy/russias-novorossiysk-port-resumes-oil-loadings-sources-say-lseg-data-shows-2025-11-16/
