Monday, August 25, 2025


RSF says journalists 'targeted' in Israeli strike on Gaza hospital


Israeli strikes on a hospital complex in Gaza killed 20 people, including five Palestinian journalists in what the French NGO Reporters without Borders called a "deliberate" attack.


Issued on: 25/08/2025 - RFI

Rescuers work to recover the body of Palestinian cameraman Hussam al-Masri, a freelancer for the Reuters news agency, who was killed with others in Israeli strikes on Nasser hospital, in Khan Younis, in this still image taken from a video shot by Reuters freelancer Hatem Khaled, who was wounded shortly afterwards in another strike while he was filming the site, 25 , August 202
5. © Hatem Khaled/Reuters

Strikes hit Nasser Hospital in Khan Yunis, a large medical complex in the south of Gaza that is a known gathering place for displaced journalists, according to the press freedom group Reporters without borders (RSF).

Hossam al-Masri, a freelance photographer for the Reuters news agency died in a first drone strike on the hospital Monday morning.

A second strike, eight minute later, killed three other journalists who had arrived at the scene to cover rescue efforts.

They included Mariam Abu Daqqa, a freelance journalist for the Associated Press news agency; Moaz Abu Taha, a correspondent for the American broadcasting network NBC; and Mohamad Salama, a photojournalist for Al Jazeera.


Freelance journalist Ahmad Abu Aziz died soon after of injuries.

Freelance photographer Hatem Khaled was wounded in the second strike, according to Reuters, as was Palestine TV journalist Jamal Bemdah, according to RSF.


RSF said the journalists were "deliberately targeted" and called for an emergency UN Security Council meeting to ensure the protection of journalists in Gaza and "that concrete measures are taken to end impunity for crimes against journalists, protect Palestinian journalists, and open access to the Gaza Strip to all reporters".

Shocking indifference


The United Nations insisted that journalists and hospitals should never be targeted.

"The killing of journalists in Gaza should shock the world – not into stunned silence but into action, demanding accountability and justice," UN rights office spokeswoman Ravina Shamdasani said in a statement.

The head of the UN agency for Palestinian refugees Philippe Lazzarini described the strike as "silencing the last remaining voices reporting about children dying silently amid famine", adding on social media platform X: "The world's indifference and inaction is shocking."

Following the strike, the Israel-based Foreign Press Association called for an "immediate explanation" from the military and prime minister's office.

"We call on Israel once and for all to halt its abhorrent practice of targeting journalists," the group said in a statement.

The Israeli foreign ministry said on X that troops carried out a strike in the area around the hospital, which has targeted several times since the start of the war.

The military said will conduct an "initial inquiry as soon as possible", the ministry said, adding that it "regrets any harm to uninvolved individuals and does not target journalists as such".

Recognition for journalists who bear burden of showing world the Gaza war

Media restrictions

Earlier this month an Israeli air strike killed four Al Jazeera staff and two freelancers outside Al-Shifa hospital in Gaza City.

The Israeli military alleged that one of those killed, Anas al-Sharif, headed a Hamas "terrorist cell" and was "responsible for advancing rocket attacks" against Israelis.

The Committee to protect journalists and RSF slammed that strike, saying journalists should never be targeted in war.

According to the CPJ and other media watchdogs, over 200 journalists have been killed in nearly two years of war in Gaza between Israel and Hamas, many of them while exercising their profession.

However, media restrictions in Gaza and difficulties in accessing many areas mean AFP is unable to independently verify the tolls and details provided by the civil defence agency or the Israeli military.

(with newswires)

‘We are painted as targets’: How Israel puts Gaza journalists in the crosshairs


Israel’s army is using a secret unit to shape narratives around Gaza, portraying Palestinian journalists as Hamas operatives to justify strikes. Analysts say the tactic silences reporters and controls the story in one of the deadliest conflicts for journalists.


Issued on: 25/08/2025 -
FRANCE24
By: Anaelle JONAH

A journalist holds the blood-covered camera belonging to Palestinian photojournalist Mariam Dagga, a journalist killed in an Israeli strike on Nasser hospital in Khan Yunis in the southern Gaza Strip, during her funeral on August 25, 2025. © AFP

Israel’s war in Gaza has not only been fought with drones, tanks and air strikes. It has also been waged through words, videos and carefully crafted narratives. At the heart of that effort is the army’s shadowy "Legitimisation Cell", a communications unit tasked with shaping international perceptions of the conflict.

According to the independent Israeli media outlet +972 Magazine, its mission is clear: to scour the lives of dead and living journalists for any trace of Hamas links, however tenuous, to justify killing them.

More than a dozen journalists have been killed in Israeli air strikes in Gaza in recent weeks, highlighting what analysts describe as a deliberate military strategy to criminalise Palestinian reporting.

"The key task of the 'Legitimisation Cell' is to undermine the work done by Palestinian journalists and provide the excuse to kill them," said political scientist Ahron Bregman.


The Legitimisation Cell monitors reports from Gaza and pushes out counter-narratives on social media and international airwaves. In practice, it often portrays Palestinian reporters as Hamas operatives – claims that press advocates and analysts say are flimsy at best.

"The links Israel establishes between Palestinian journalists and Hamas are often weak, but in Israel’s Hasbara war [the public diplomacy of Israel voiced by the IDF or the PM's office] it is good enough to justify their killing," Bregman explained.

A war of narratives


The pattern has been evident in multiple high-profile cases. In early August, Al Jazeera correspondent Anas al-Sharif was killed alongside four of his colleagues in a strike outside Gaza City’s Shifa Hospital. The Israeli army quickly circulated documents claiming he had been a Hamas operative since 2013. Yet even if taken at face value, the files showed his last contact with Hamas was in 2017 – years before the current war.

Al-Sharif, 28, had spent months covering northern Gaza, reporting on starvation and relentless air strikes. "I never hesitated for a single day to convey the truth as it is, without distortion or falsification," he wrote in a message prepared before his death.

Read moreFive Al Jazeera journalists, including Anas al-Sharif, killed in Israeli strike on Gaza

A similar tactic followed the killing of journalist Ismail al-Ghoul in July 2024, along with his cameraman. Weeks later, the army described him as a "Nukhba terrorist", a Hamas special forces branch, citing a 2021 document allegedly retrieved from a Hamas computer. But the same document listed him as receiving his rank in 2007 – when al-Ghoul was just ten years old.

An anonymous journalist working in Gaza told FRANCE 24 the Legitimisation Cell’s tactics are "alarming", saying they put reporters’ lives at risk by linking them to armed groups.

“We already work under constant fear – air strikes, losing colleagues, being silenced. Now the threat is also reputational, stripping us of international support and protection,” the journalist said. “It’s a systematic effort to delegitimise our voices and block the truth about Gaza from reaching the world. We are painted as targets, not professionals reporting the facts.”

In 2024, the organisation Forbidden Stories, which brings together journalists from around the world, investigated the killing of nearly a hundred Palestinian reporters by the Israeli army as part of its Gaza Project.

"The Israeli army participates in disinformation around journalists to suggest that all journalists operating in Gaza are Hamas agents," Executive Director Laurent Richard told Radio France.

"The reality is far more nuanced and complex…It usually starts with rumours and articles on sites close to the Israeli government, claiming a particular journalist is in fact a terrorist. Then, weeks or months later, that journalist is targeted by a drone."
'The worst conflict for reporters'

On Monday, Israel struck southern Gaza’s main hospital twice, killing at least 20 people, including five journalists, according to medical officials. Reporters Without Borders (RSF) condemned the strikes as part of Israel’s "progressive elimination of information in Gaza" and called for an emergency UN Security Council meeting.


Multiple journalists killed by Israeli strikes on Gaza hospital © France 24
02:14


"How far will the Israeli armed forces go in their efforts to gradually eliminate information in Gaza? How long will they continue to defy international humanitarian law?" said RSF Director Thibaut Bruttin.

Media watchdogs estimate that around 200 journalists have been killed in nearly two years of fighting between Israel and Hamas, making Gaza the deadliest conflict for journalists in modern history. In April, Brown University’s Watson Institute described it as "quite simply, the worst ever conflict for reporters".

In this family handout photo, Riyad Dagga, center, and other relatives pray over the body of his daughter, freelance journalist Mariam Dagga, 33, during her funeral after she was killed in a double Israeli strike on Nasser Hospital in Khan Younis, southern Gaza Strip, on August 25, 2025. AP

"Israel kills Palestinian journalists as if they were flies," Bregman said. "The Israeli method is simple: they allow into the Gaza Strip journalists and influencers they believe will support the Israeli narrative, and silence – often with bullets – those who contradict the Israeli narrative."

Controlling the story

Aside from the case of al-Sharif, Israel maintains that its operations do not intentionally target journalists, asserting that air strikes are aimed solely at militants and military infrastructure. The IDF did not immediately respond to requests for comment on the existence or activities of the Legitimisation Cell.

Following the latest hospital strike, the army’s chief of staff ordered a preliminary inquiry, stressing that the IDF "does not in any way target journalists as such".

Read more'Death follows us everywhere': Israel pounds Gaza City as it vows to press on with offensive

But press freedom groups say the pattern is clear: reporters smeared as militants, then killed in strikes justified by those same allegations. For Bregman, the logic is about information control, not battlefield necessity.

"This is all about Hasbara and controlling the narrative Israel wants the world to believe in. It has nothing to do with security and military operations," he said.

Israel extends its control over the Gaza narrative beyond the conflict zone, strictly regulating foreign reporting by allowing access only to journalists embedded with its forces

"This is one of the rare times in modern history when a conflict of this scale cannot be covered by journalists who wish to report from the ground," Richard said. "When a country refuses access to foreign journalists in a war zone, it poses a major democratic problem regarding access to information."

The Legitimisation Cell is more than a PR tool. It embodies the militarisation of information, where every word, image, or report is scrutinised as a potential threat. In this framework, journalists are not just messengers but become targets themselves.

"Being a journalist doesn't mean being a target, but unfortunately the Israeli army tries to label us as such, traumatizing both the public and reporters themselves,” the anonymous reporter said.

 

Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain

Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
Natalia Nagovitsyna atop the Communism (I. Somoni) peak in Tajikistan. / Natalia Nagovitsyna, social media page

By bne IntelliNews August 25, 2025

Rescue missions for well-known Russian climber Natalia Nagovitsyna, trapped on the icy summit of Kyrgyzstan’s highest mountain, have been indefinitely abandoned after two weeks. Officials came to the decision to halt operations following the death of a climber who took part in an attempt to reach her, according to the Kyrgyz Ministry of Emergency Situations.

The rescuer who perished was Italian mountaineer Luca Sinigaglia. The Italian Ministry of Foreign Affairs announced his death on August 15. Extremely bad weather conditions have so far made it impractical to recover his body.

Nagovitsyna—who lost her climber husband in a climbing tragedy four years ago—was attempting to descend from Jengish Chokusu, or Victory Peak (height 7,439 metres, or 24,406 feet), on August 12 when she broke her leg.

Dmitry Grekov, head of the Victory Peak base camp, told Russian news agency TASS that rescuers “know where [Nagovitsyna] is”, adding: "It’s impossible to get there."

Peak of Jengish Chokusu seen from the Southern Inylchek Glacier (Credit: Maryliflower, cc-by-sa 4.0).

Radio Azattyk, meanwhile, quoted Grekov as saying that he warned Nagovitsyna and her climbing companion before they set off that the weather was set to deteriorate on the mountain on August 11.

One group of climbers did reach Nagovitsyna to provide her with some supplies, but due to extreme conditions they were not able to help her down from the summit, the highest mountain in the Tian Shan mountain system, and which sits at Kyrgyzstan’s border with China.

Repeated attempts to save Nagovitsyna have included operations involving helicopters. One helicopter suffered a hard landing during one such operation, with several onboard injured.

CNN reported on August 25 that Nagovitsyna was spotted on a surveillance drone not far from the top of the mountain on August 19. A spokesperson for the Kyrgyz Ministry of Emergency Situations said it was believed that she was alive at the time. But on August 23, authorities suspended the search, with heavy snowfall and other difficult weather continuing to worsen sharply. Temperatures were reported to be around -30C (-22F) at night on the summit.

The ministry has also stated that Kyrgyzstan lacks the kind of helicopter that would be needed to mount a rescue attempt with a good chance of success.

If the plight of Nagovitsyna ends in tragedy then it will follow that of her husband, Sergei Nagovitsyn, who in 2021 became paralysed and incapacitated during an expedition to another Tian Shan mountain, Khan-Tengri, located on the Kazakhstan-Kyrgyzstan-China tri-point. Nagovitsyna was with Sergei during the incident. She refused to leave his side until rescuers arrived. Sadly, he died while still on the mountain.

Both Jengish Chokusu and Khan-Tengri are one of the so-called Snow Leopard mountains, the five 7,000-ft-plus peaks of the former Soviet Union. Ascending all five is considered a major achievement. Only around 700 people, including 30 women, have accomplished the feat.


Drones take on Everest's garbage


Kathmandu (AFP) – A team of drone operators joined climbers and guides at Everest Base Camp this climbing season, armed with heavy-duty drones to help clear rubbish from the world's highest peak.


Issued on: 26/08/2025 - RFI

A man operates a heavy-lift drone to clear trash dumped at the Everest Base Camp © - / Airlift Technology/AFP

Tonnes of trash -- from empty cans and gas canisters, to bottles, plastic and discarded climbing gear -- have earned once-pristine Everest the grim nickname of the "highest dumpster in the world".

Two DJI FC 30 heavy-lifter drones were flown to Camp 1 at 6,065 metres (19,900 feet), where they airlifted 300 kilograms (660 pounds) of trash down during the spring climbing season, which usually lasts from April to early June.

"The only options were helicopters and manpower, with no option in between," said Raj Bikram Maharjan, of Nepal-based Airlift Technology, which developed the project.

"So, as a solution for this problem, we came up with a concept of using our heavy-lift drone to carry garbage."

After a successful pilot on Everest last year, the company tested the system on nearby Mount Ama Dablam, where it removed 641 kilos of waste.

"This is a revolutionary drive in the mountains to make it cleaner and safer," said Tashi Lhamu Sherpa, vice chairman of the Khumbu Pasang Lhamu rural municipality, which oversees the Everest area.
'Game changer'

The drones are proving to be far more efficient, cost-effective and safer than earlier methods, said Tshering Sherpa, chief of the Sagarmatha Pollution Control Committee.

"In just 10 minutes, a drone can carry as much garbage as 10 people would take six hours to carry," Sherpa told AFP.

The powerful drones cost around $20,000 each, but were supplied by the China-headquartered manufacturer to support the cleanup operation and promote its brand.

Other costs were borne partially by the local authorities.

Beyond waste removal, the drones have also been deployed to deliver essential climbing gear such as oxygen cylinders, ladders, and ropes -- reducing the number of dangerous trips across the Khumbu Icefall, one of Everest's deadliest sections.

That can help improve safety for the guides and porters, especially the early "fixing" teams who establish routes at the start of the new season.

"People in the fixing team were very happy," said record-holding climber Nima Rinji Sherpa, the youngest to summit all 14 of the world's highest peaks.

"They can simply just go by themselves and the drone will carry ladders or the oxygen and ropes for them. It saves a lot of time and energy."

Next month, Airlift Technology will take the drones to Mount Manaslu, the world's eighth-highest peak.

"It's not just in war that drones are useful," Maharjan said.

"They can save lives and protect the environment. For climate and humanitarian work, this technology is going to be a game changer."

© 2025 AFP



















REWILDING WORKS
Renaturalisation of wetlands slows global warming and species decline


Copyright Euronews

By Hans von der Brelie
Published on 20/08/2025


For many centuries, farmers drained swamps to gain arable land. But this contributes to climate change. The European Union wants to change this, and an EU law sets out a detailed timetable: By 2050, half of the damaged moors are expected to be "healed" - a third of them through rewetting.

Europe's ecosystems should be functioning again by 2050. The EU's renaturation regulation requires the rewetting of some agricultural areas. Restoring moors is good for climate protection and biodiversity, because living moors serve as carbon sinks. For comparison: Forests cover one third of our planet's land surface, moors three per cent. And yet moors bind twice as much carbon as all the forests on earth! However, when moors are drained, the millennia-old carbon reservoirs are transformed into CO2 emitters.

In order to curb greenhouse gas emissions, the EU is promoting the research, mapping and renaturation of wetlands. The EU law on renaturation stipulates that 30 per cent of drained moors must be "repaired" by the end of this decade, a quarter of which will be rewetted. By 2050, half of the damaged moors are expected to be "healed" - a third of them through rewetting. Farmers receive money or compensation land. The Member States are responsible for implementing the renaturation regulation. The first plans should be available next year.

A huge shallow water lake is being created north of Copenhagen. Over 200 years ago, small ditches drained the area. The draining caused the water level to drop by seven metres. This releases climate-damaging carbon dioxide. To change this, a swamp lake is now being built.

Morton Elling works for the Danish Nature Agency: "The government has decided to reduce CO2 emissions from agriculture. That is why we are raising the groundwater level, as here in Søborg. The rewetting will reduce annual CO2 emissions by 8,000 tonnes. Last year we started filling in the drainage ditches, and small ponds are forming with a great variety of wildlife."

Søborg Sø is the name of the 600-hectare project. 63 landowners had to be convinced. Some have farmed the land for generations. Horse owner Sally Schlichting sold part of her land: "It has to be voluntary, because if you tell farmers what to do, many will say no!"

The EU law on the renaturation and rewetting of agricultural land also incentivises farmers. The targets, on the other hand, are prescribed by law. The most urgent measures must be implemented by 2032.

At the European Environment Agency, based in Copenhagen, I have an appointment with an expert on wetlands, Yurena Lorenzo.

Euronews: "Why are wetlands and moors important?"

Lorenzo: "Over the course of the last millennium, we have lost 80 per cent of wetlands in Europe. And 50 per cent of the (remaining) moors in the EU have been damaged by drainage."

Euronews: "Why is drainage a problem?"

Lorenzo: "If you take the water away from the moors, large amounts of carbon are released. Europe is the second largest emitter of greenhouse gases from drained moors in the world after Indonesia. That is alarming. So we need to channel the water back into the moors to combat climate change. For me, moors and wetlands are nature's superheroes. They are home to 40 per cent of the world's plant and animal diversity."

Euronews: "The EU Restoration Regulation recently came into force. What happens now?"

Lorenzo: "The member states must adopt their restoration plans by 2027 at the latest."

Euronews: "Are the objectives for renaturation and rewetting formulated in the EU regulation recommendations or binding targets?"

Lorenzo: "It is the very first time that we have a Europe-wide, legally binding law (in this area) with deadlines. These are quantifiable renaturalisation targets that are linked to a timeline."
AI robot dogs deliver fast food in Zurich, as Just Eat pilots new technology
Copyright Just Eat Takeaway.com (JET)

By EURONEWS
Doloresz KatanicPublished on 22/08/2025 


The Dutch food delivery company has teamed up with Swiss firm RIVR to deploy autonomous robot dogs for food delivery, piloting the tech first in Zurich and later in other European cities.

Delivery robots are about to become a regular sight on the streets of Zurich. More specifically, robo-delivery-dogs, which are being deployed to deliver fast food from a local restaurant named Zekis World.

This is a pilot programme by food delivery marketplace Just Eat Takeaway.com and its collaborator, the Swiss robotics company RIVR. 

The wheeled-legged ‘robo-dogs’ are equipped with Physical AI and can climb stairs, manoeuvre obstacles like rubbish cans or grass, and move around pedestrians, vehicles and cyclists.

The dogs can ‘walk’ at speeds of around 15km per hour, and can withstand rain, snow, high heat, and wind. Every delivery is monitored in real time, and the robo-delivery-dog can be controlled remotely.

Just Eat Takeaway.com said that they were the first on-demand delivery service to pilot wheeled-legged hybrid robotics equipped with Physical AI in Europe.

RIVR intends to deploy the robots to bring parcels, goods, groceries, and fresh meals in future.

Robo-delivery-dogs are being piloted in Zurich, Switzerland Just Eat Takeaway.com (JET)

“We plan to introduce more robots to other European cities later this year, with potential expansion into retail and convenience stores,” the developer said in a statement. 

Marko Bjelonic, Chief Executive Officer of RIVR said, “Our collaboration with Just Eat Takeaway.com is a glimpse into a future where automation blends naturally into our cities, helping people get what they need, when they need it. Physical AI allows our robots to understand and adapt to the real world.”

Just Eat has already been piloting innovative delivery options, including a drone-delivery service in Ireland, in partnership with drone operator Manna Drones Ltd. 

Rising vet costs and abandonment are putting Europe’s pets at risk

PRICE GOUGING UNRGULATED MONOPOLY NEEDS TO BE NATIONALIZED

Cody, Violet, and Mickey on the rooftop of Wag Hotels in San Francisco, California. April 2012.
Copyright AP Photo

By Una Hajdari
Published on 

The cost of veterinary services in Europe has surged more than 30% since 2015, outpacing overall inflation and hitting households hard.

Prices for veterinary services in Europe have risen sharply in recent years, far outpacing overall inflation.

According to Eurostat’s harmonised index of consumer prices (HICP), the cost of vet care and related services is up more than 30% in the eurozone area and almost 37% across the EU since 2015.

This means that costs for veterinary services grew faster than overall EU inflation, which grew only 30% during the same period, showing that pet-related costs are growing faster than the cost of living.

A pet checkup or treatment today costs about a third more compared to a decade ago.

For many households, this makes the rising cost of looking after pets an increasingly difficult burden.

Central and Eastern Europe hit harder

Of the countries with available data, Hungary and Poland marked the sharpest rise, with costs increasing by a whopping 116% in Hungary and 85% in Poland since the consumer price index baseline was set in 2015.

Slovakia and Bulgaria are next on the list, with the costs increasing by 84% and 64% respectively.

One of the main reasons for the jump in household total pet care prices is the fact that the market boomed during and after the pandemic as people bought animals in record numbers.

According to the European Pet Industry Federation (FEDIAF), 139 million or 49% of households own a pet in Europe, with dogs and cats being the most popular companions.

In the UK, FEDIAF estimates there are 11.7 million dogs kept as household pets, with Germany and Spain trailing close behind at 10.5 and 9.5 million, respectively.

In terms of cats, Germany tops the list with 15.7 million cats kept as household pets, with France coming in second at 14.9 million.

Italy and Turkey have the largest number of ornamental birds kept as pets, with around 12.9 million birds being kept in as pets in Italy and 11.8 million in Turkey.

Pet food monopolies and vet clinic corporations

A study published in the Veterinary Sciences journal in 2024 finds that the "corporatisation of veterinary care" is reshaping companion animal services across Europe.

Survey data shows that 16% of veterinarians now work in corporate-owned practices, compared to 51% in independent clinics, highlighting a growing shift in the sector.

The trend is particularly pronounced among younger professionals. According to the authors, “43% of respondents under 35 years of age and 57% under 40 years” were employed in corporate settings, suggesting generational change in the profession.

While corporatisation can bring benefits such as “structured career pathways and economies of scale”, the study warns of mounting concerns overpricing, reduced autonomy for veterinarians and competition risks, which have already prompted scrutiny from regulators such as the UK’s Competition and Markets Authority.

Abandonment rates spike in European nations

The German Animal Welfare Federation conducted a country-wide survey of animal shelters, which reported that 69% of shelters are working at capacity, while 49% are full or even overcrowded. Only 18% still have the capacity to take in animals.

According to the group, the major trend of animal abandonment is linked to the COVID-19 pet-adoption boom. During lockdowns, more people took in pets to alleviate loneliness and to spend more time outdoors.

"The number of people wanting to get rid of their animals seems to be higher than ever before. The animal shelters are overloaded and can no longer take care of every animal in need,” said Thomas Schroeder, head of the German Animal Welfare Federation.

In Spain, there are hundreds of thousands of dogs abandoned each year, with Spanish news outlets claiming that around 300,000 dogs were abandoned in 2024, despite chipping and sterilisation rules.

In France, it is estimated that between 100,000 and 200,000 pets are abandoned each year.


LA REVUE GAUCHE - Left Comment: Search results for STRAY

MONOPOLY CAPITALI$M

Keurig Dr Pepper to buy European coffee firm JDE Peet’s in €16bn deal

Keurig Dr Pepper.
Copyright Keurig Dr Pepper.

By Eleanor Butler
Published on 



As part of the deal strategy, the companies will break up their coffee and soft-drinks units.

Drinks giant Keurig Dr Pepper will acquire European coffee company JDE Peet’s for almost €16 billion, the two firms said on Monday.

The purchase, first reported by the Wall Street Journal, will lead to a break-up of the firms’ coffee and soft-drinks units, dismantling the 2018 merger that united Keurig and Dr Pepper.

JDE Peet’s, a Dutch firm that owns brands including Peet’s Coffee and Kenco, had a market value of $15bn or €13bn according to Friday’s closing price. Keurig Dr Pepper, owner of brands like Schweppes, 7UP, and Dr Pepper, had a market value of $47bn or €40bn.

Under the terms of the deal, KDP will pay JDE Peet’s shareholders €31.85 per share in cash, a 33% premium to JDE Peet’s 90-day volume-weighted average stock price, representing a total equity consideration of €15.7bn. JDE Peet’s will also pay a previously declared dividend of €0.36 per share prior to closing, with no reduction to the offer price

The takeover is expected to generate $400 million (€342mn) in cost synergies over three years.

Keurig Dr Pepper shares have risen more than 10% this year, buoyed by strong drink demand, with US sales growing by almost 11% from a year earlier to $2.7bn (€2.3bn).

Even so, the firm’s coffee sales have underperformed due to fierce competition, and CEO Tim Cofer recently warned that US tariffs on coffee bean imports would hit margins.

On 6 August, US President Donald Trump notably placed a 50% duty on coffee beans imported from Brazil.

In July, Keurig Dr Pepper said that its coffee unit would see “subdued” performance for the rest of fiscal 2025, a trend partially linked to inflation and tariffs.

While the firms are now preparing to merge operations, the two companies already share common ownership. JAB Holdings, a German investment firm, retains a significant minority stake in Keurig Dr Pepper, while also holding majority control of voting power at JDE Peet’s.

 

Nvidia reportedly orders suppliers to stop work on China AI chip but says new chip in the works

An exhibitor gives command to a robot at Nvidia's booth during the 3rd China International Supply Chain Expo at the China International Exhibition Center, in Beijing, China, F
Copyright AP Photo/Mahesh Kumar A

By Pascale Davies
Published on 

China reportedly told local tech companies to stop buying Nvidia's chips due to alleged security concerns, as the global AI race intensifies.

Chip giant Nvidia has told some of its component suppliers to stop production of its H20 artificial intelligence chip, designed specifically for China, according to a report.

The move comes after Chinese authorities told local tech companies, including Tencent and ByteDance, to stop buying the semiconductors several weeks ago due to Beijing having alleged security concerns.

Nvidia told Arizona-based Amkor Technology to halt production of the H20 chips this week and also notified South Korea's Samsung Electronics, according to a report by The Information, which cited two people familiar with the matter.  

The United States banned Nvidia from selling its most powerful chips, the Blackwell chip, to China in April, arguing it is necessary to safeguard US national and economic security as the AI global race gains pace.

In July, the Trump Administration reversed its decision on H20 chips, which is not Nvidia’s most powerful chip, largely due to trade negotiations between Washington and Beijing. 

China’s Cyberspace Administration last month summoned Nvidia over national security concerns related to the H20s and asked the company to give information about the chips. 

China’s internet regulator CAC claimed that US AI experts had said Nvidia’s chips have location tracking and can be shut down remotely. Nvidia denies the allegations. 

Nvidia CEO Jensen Huang told reporters on Friday that China had asked about security “backdoors,” and that the firm had said they do not exist. 

“Hopefully the response that we’ve given to the Chinese government will be sufficient. We’re in discussions with them,” CNBC quoted him as saying, adding that Nvidia had been “surprised” by the queries.

An Nvidia spokesperson said in a statement quoted by media that: "We constantly manage our supply chain to address market conditions".

"As both governments recognise, the H20 is not a military product or for government infrastructure. China won't rely on American chips for government operations, just like the US government would not rely on chips from China," it said.

'New product for China'

Huang also said on Friday that Nvidia is discussing a potential new computer chip designed for China with the Trump administration.

Huang was asked about a possible “B30A” semiconductor for AI data centres for China.

“I’m offering a new product to China for ... AI data centres, the follow-on to H20,” Huang said in Taiwan. But he added that "That’s not our decision to make. It’s up to, of course, the United States government. And we’re in dialogue with them, but it’s too soon to know”.

The Financial Times also reported this week that Chinese regulators turned against Nvidia due to “insulting” remarks made by the US Commerce Secretary Howard Lutnick.

“We don't sell them our best stuff, not our second-best stuff, not even our third-best,” Lutnick told CNBC in July. 

However, it may take a few years for China to develop its own domestic AI chip that rivals Nvidia.

Nvidia is the world’s leading AI chip supplier. Chinese firms such as Alibaba and ByteDance have said their AI development would be hindered without Nvidia’s chips. 

However, China is trying to promote chip sovereignty, and companies such as Huawei are trying to rival Nvidia. 

Trump says he'll fire Fed Reserve Governor Lisa Cook over mortgage loan allegations

ANOTHER RACIST SEXIST SLANDER BY TRUMP

FILE - Board of Governors of the Federal Reserve member Lisa Cook speaking at the Federal Reserve building, Sept. 23, 2022, in Washington.
Copyright AP Photo/Manuel Balce Ceneta, File


By Euronews with
Published on 

US President Donald Trump said on Monday night that he's firing Federal Reserve Governor Lisa Cook over mortgage fraud allegations, an unprecedented move that escalates a battle against the nation's central bank, one of the few remaining independent agencies in Washington.

In a letter posted on his social media platform Truth Social, Trump said he is removing Cook from her position, "effective immediately," as he says he has sufficient evidence that Cook made "false statements on one or more mortgage agreements."

Bill Pulte, a Trump appointee and the head of the agency that regulates mortgage giants Fannie Mae and Freddie Mac, made the accusations last week. He alleged Cook had claimed two primary residences in 2021 to get better mortgage terms.

Trump's move could likely trigger a lengthy legal battle that will probably go to the Supreme Court and could disrupt financial markets, potentially pushing interest rates higher.

The independence of the Fed is considered critical to its ability to fight inflation because it enables it to take unpopular steps like raising interest rates. If bond investors start to lose faith that the Fed will be able to control inflation, they will demand higher rates to own bonds, pushing up borrowing costs for mortgages, car loans and business loans.

If Cook, the first black woman to serve on the Fed's board, is forced off, it would provide Trump an opportunity to appoint a loyalist. The US President has said he would only appoint officials who would support cutting rates.

No president has sought to fire a Fed governor before, as in recent decades, they have largely respected Fed independence.

At most, former US Presidents Richard Nixon and Lyndon Johnson exerted heavy pressure on the Fed, mostly behind closed doors. That pressure to keep interest rates low, the same goal sought by Trump, has been widely criticised for contributing to the surge in inflation in the late 1960s and 70s.

Cook, who was appointed to the Federal board in 2022 by former US President Joe Biden, has not yet provided a detailed account of the transactions.

Trump's announcement comes just days after Cook emphasised she would not leave her post after Trump called for her resignation on social media.

“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said in a previous statement issued by the Fed.

Senate Democrats had expressed support for Cook, who has not been charged with wrongdoing.

 

Unfair competition? Worries about European road safety after EU-US trade agreement

Archive: A vehicle being prepared for laboratory and road tests
Copyright European Union, 2022

By Gregoire Lory
Published on 

EU recognition of US car safety standards could have dangerous consequences for the safety of drivers, pedestrians and cyclists, NGOs warn.

The trade agreement between the European Union and the United States not only has economic and financial implications. It could also have consequences for road safety in Europe. This is the warning issued by NGOs following the joint declaration published last week by the European Commission and Washington.

For cars, the text refers to "mutual recognition" of each other's standards. However, the European Transport Safety Council (ETSC) points out that safety standards are very different between European and American cars.

"We now have [in the EU] technologies such as automatic emergency braking, pedestrian protection tests and lane keeping assist systems," explains Dudley Curtis, ETSC communications director.

"These are just three examples of technologies that are mandatory in Europe, but not mandatory in the US."

Automated Emergency Braking allows the vehicle to brake automatically in an emergency if for some reason the driver is unable to stop the vehicle.

The pedestrian protection standard seeks to limit the extent of an accident when a pedestrian is hit by a car and falls onto the bonnet or windscreen.

Lane Keeping Assist detects road markings such as solid or broken white lines. This device then warns the driver if he unintentionally crosses the line, or even brings him back into his lane.

Message to manufacturers

With this trade agreement, Washington hopes to export more American-standard vehicles to Europe.

But the NGO's other concern is the effect this compromise will have on manufacturers in Europe. The various manufacturers could be tempted to denounce a situation of unfair competition and criticise European regulations.

"All the other manufacturers, Japanese, Chinese, Korean and European, who produce in Europe, will say: if they [the United States] have to comply only with the American standard and we have to comply with the European standard, that's not fair, it will create unfair competition", warns Dudley Curtis.

The risk, he continues, is that "there will be enormous pressure to lower European standards".

The European Transport Safety Council clarifies that there is no immediate prospect of more American SUVs or pick-ups on European roads. There is a political process to be followed within the EU.

Nevertheless, Dudley Curtis points out that "over the last decade or more, the number of deaths on the roads in the United States has risen, while in Europe it has fallen slowly, but it has still fallen".

There are a number of factors to be taken into account in this phenomenon, such as the type of road, driver behaviour and drink-driving issues, but safety standards do play an important part in the European results.