Instagram users unable to login in mysterious outage

Beijing reports 41 new symptomatic COVID cases, 6 asymptomatic cases for May 24

Residents line up for nucleic acid testing at a makeshift testing site amid the coronavirus disease (COVID-19) outbreak in Beijing, China May 24, 2022. REUTERS/Carlos Garcia Rawlins

SHANGHAI (Reuters) – China’s capital Beijing recorded 41 new symptomatic coronavirus cases for May 24, unchanged from a day earlier, state broadcaster CCTV said on Wednesday, citing official data.

Asymptomatic cases fell to six from seven the previous day, it said.

Nordex Cuts 2022 Sales Outlook

Nordex (NRDXF.PK) updated its full-year guidance for 2022.

The company now expects annual consolidated sales to be in the range of 5.2 billion euros to 5.7 billion euros compared to the prior estimation of 5.4 billion euros to 6.0 billion euros.

The company projects annual operating (EBITDA) margin of minus 4 to 0 percent. Previously it was expected to be plus 1.0 to 3.5 percent before any costs related to footprint reconfiguration and geopolitical events.

Expectations for capital expenditure at around 180 million euros and the working capital ratio of below minus 7 percent remain unchanged.

The updated guidance takes into account direct as well indirect effects expected as of today of the war in Ukraine and one-off expenses for reconfiguration in the production footprint.

In addition, the updated guidance also includes anticipated effects from supply chain disruptions coming from China and extra costs and impacts on the company’s business in connection with the cyber security incident of 31 March 2022.

Stellantis And Samsung SDI To Invest More Than $2.5 Bln For Battery Plant In Indiana

Stellantis (STLA) and Samsung SDI announced that they have agreed to invest more than $2.5 billion in joint venture to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana.

The battery plant is set to open in 2025 and will create 1,400 new jobs in Kokomo and the surrounding areas.

The company noted that the plant aims to have an initial annual production capacity of 23 gigawatt-hours (GWh), with a plan to increase to 33 GWh in the next few years. The total capacity would increase further as demand for Stellantis electric vehicles is expected to rise.

Stellantis stated that the battery plant will support its North America electrification ambitions outlined in Dare Forward 2030 strategic plan.

As part of the Dare Forward 2030 strategic plan, Stellantis announced plans to have global annual battery-electric vehicle sales of 5 million vehicles by 2030, reaching 100% of passenger car BEV sales mix in Europe and 50% passenger car and light-duty truck BEV sales mix in North America.

Stellantis also increased planned battery capacity by 140 GWh to approximately 400 GWh, to be supported by five battery manufacturing plants together with additional supply contracts.

STORY REMOVED: US–Texas School-Shooting – The Denver Post

UVALDE, Texas (AP) — The Associated Press has withdrawn its story about a shooting at a Texas elementary school. AP will publish a corrected version of the story to reflect that state Sen. Roland Gutierrez said the gunman shot his grandmother before going to the school; he did not say the gunman killed his grandmother.

HICL Infrastructure FY Pretax Profit Rises On Investment Basis – Quick Facts

HICL Infrastructure PLC (HICL.L) reported profit before tax, on an investment basis, of 368.4 million pounds for the year ended 31 March 2022 compared to 152.1 million pounds, prior year. Earnings per share was 19.0 pence compared to 7.9 pence. Income for the period increased to 405.8 million pounds from 188.7 million pounds.

Profit before tax was 368.7 million pounds on an IFRS Basis compared to 151.9 million pounds, last year. Income on an IFRS Basis increased to 371.8 million pounds from 154.8 million pounds.

The Board re-confirmed the dividend guidance of 8.25 pence per share for the year to 31 March 2023. The Board also announced dividend guidance of 8.25 pence per share for the year to 31 March 2024.

Global Infrastructure Partners, TotalEnergies Form Partnership In U.S. Renewables

Global Infrastructure Partners or GIP announced Wednesday that it has formed a strategic partnership with French oil and gas company TotalEnergies SE (TTE, TTE.L) to work in the U.S. renewable energy sector.

TotalEnergies will acquire half of GIP’s interest in Clearway Energy Group, a privately held renewable development company that owns a controlling stake with a 42% economic interest in Clearway Energy, Inc. (CWEN).

In consideration, GIP will get $1.60 billion in cash, as well as around 50% stake in the TotalEnergies unit that holds its 51% ownership in SunPower Corp. (SPWR), a residential solar company in the U.S.

GIP said the final deal amounts are subject to purchase price adjustments.

Both transactions are subject to customary conditions, including receipt of requisite regulatory approvals.

Patrick Pouyanné, Chairman and CEO of TotalEnergies, said, “It allows TotalEnergies to scale up in the U.S. market, one of the most dynamic in the world, benefiting from operating assets, a 22 GW high quality portfolio, with a wide geographic coverage with a presence in 34 states. … It fits perfectly with our strategy to make solar and wind energy one of our main growth drivers along with liquefied natural gas that we have recently reinforced with the launch of Cameron extension.”

Instagram users unable to login in mysterious outage

INSTAGRAM has been hit by a mysterious outage that is affecting some people's ability to log onto the platform.

According to Down Detector, there was a spike in reported issues.

So far, it's unclear what is causing the problem.

Though it doesn't appear to have hit all users.

More to follow…

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