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☆ Stagflation fears just hit Wall Street. Now for the next crucial report on prices
▼ + stars: | 2024-04-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The Federal Reserve’s favorite inflation reading is due Friday morning. Investors are nervously awaiting the report after first-quarter US GDP came in softer than expected Thursday. Stocks tumbled as the slowdown in GDP, coupled with stubbornly high inflation data, stoked fears of stagflation. Wall Street earlier this year expected that the central bank would ease rates as many as six times in 2024, beginning in March. Yellen said the weaker reading was not “concerning,” mentioning that measures of underlying growth were strong in Thursday’s report.

Persons: Stocks, ”, Ayako Yoshioka, Janet Yellen, Alessandra Galloni, Alicia Wallace, ” Yellen, “, we’ve, Yellen, Read, Freddie Mac, Bryan Mena, Lawrence Yun Organizations: CNN Business, Bell, New York CNN, Gross, Commerce Department, Atlanta, Fed, Thursday’s, Group, Traders, Bank of America, Reuters, National Association of Realtors Locations: New York, Yellen

☆ Yellen: US economy strong, not overheated
▼ + stars: | 2024-04-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

Yellen on Thursday was interviewed by Reuters’ editor in chief Alessandra Galloni as part of the news organization’s NEXT Newsmakers series. “The economy is clearly performing very well,” Yellen said. Yellen said the weaker reading was not “concerning,” mentioning that measures of underlying growth were strong in Thursday’s report. Economic growth has remained historically strong in the face of elevated inflation, high interest rates and geopolitical tensions. “I believe the fundamentals here are in line with inflation continuing downward toward a normal level,” Yellen said.

Persons: Janet Yellen, Alessandra Galloni, ” Yellen, “, Yellen, Joe Biden, Katherine Tai, Tai Organizations: CNN, Reuters, Commerce Department, Federal Reserve, US Trade Locations: Yellen, Ukraine, US, China

☆ Santander's Botin targets auto finance, renewables in U.S. banking push
▼ + stars: | 2023-11-09 | by ( Alessandra Galloni | ) www.reuters.com time to read: +2 min

"Our strategy is very focused on playing to our strengths," she said in an interview at the Reuters NEXT conference in New York. As part of efforts to grow the unit, the Spanish bank is hiring staff from the stricken Credit Suisse. "All we are saying is, in terms of taxes, in terms of transparency, let's have the same," Botin said. "I'd love to compete with Apple as long as we are competing on same terms," she said. Santander is investing in its payments business PagoNxt as one of five key business areas, competing with the likes of Apple Pay.

Persons: Ana Botin, Alessandra Galloni, Brendan McDermid, Botin, Lananh Nguyen, Saeed Azhar, Lawrence White, Mark Porter, Lisa Shumaker Organizations: Banco Santander, Reuters NEXT, Santander, Suisse, Reuters, REUTERS, Apple Inc, Apple, Apple Pay, reuters, Thomson Locations: U.S, New York, Spanish, Santander, New York City , New York

☆ Zelenskiy hopes for "planet of dogs" to solve world's crises
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - Apart from a detailed peace plan to end Russia's invasion of Ukraine, President Volodymyr Zelenskiy has a less conventional idea for ending geopolitical crises like these: let dogs run the world. "Sometimes I'm ... looking at all these wars or looking at all the crisis, Middle East crisis. Reuters Editor-in-Chief Alessandra Galloni speaks with Ukraine's President Zelenskiy via video link at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 8, 2023. Zelenskiy, who is promoting a 10-point peace proposal, said his dogs provide much-needed relief when he spends time with his wife and children, and are "always funny". "Sometimes I don't understand people, really," Zelenskiy added with a smile.

Persons: Volodymyr Zelenskiy, man's, It's, Alessandra Galloni, Zelenskiy, Brendan McDermid, Dan Peleschuk, Alison Williams Organizations: Reuters, Reuters NEXT, REUTERS, reuters, Thomson Locations: Ukraine, Middle, Africa, New York, Asia, New York City , New York, U.S, Gaza

☆ Ukraine can still deliver battlefield results this year, Zelenskiy says
▼ + stars: | 2023-11-08 | by ( Alessandra Galloni | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 8 (Reuters) - President Volodymyr Zelenskiy said on Wednesday Ukraine would still try to deliver battlefield results by the end of the year and that he remained sure Kyiv would eventually have success in the war despite difficulties at the front. Ukraine's President Volodymyr Zelenskiy visits an artillery training centre, amid Russia's attack on Ukraine, at an undisclosed location in Ukraine November 3, 2023. 'VERY IMPORTANT SIGNAL'He spoke in the interview hours after the European Union's executive published a report on Ukraine's progress towards membership, recommending the trade bloc's members agree to launch accession talks once conditions are met. He called for funds to be taken Russian assets that were frozen after the invasion and poured into the rebuilding of Ukraine. We need joint decision to hold these money which are frozen now and take these money for renovation."

Persons: Volodymyr Zelenskiy, Zelenskiy, Donald Trump, Russia's, Olena Harmash, Yuliia, Tom Balmforth, Alison Williams Organizations: Ukraine, Reuters NEXT, U.S, Republican, Presidential Press Service, REUTERS, country's, Union, Reuters, reuters, Thomson Locations: New York, Ukrainian, Kherson, Dnipro, Ukraine's, Ukraine, U.S, Gaza

☆ UN chief says Gaza deaths show something 'wrong' with Israel operation
▼ + stars: | 2023-11-08 | by ( Alessandra Galloni | ) www.reuters.com time to read: +3 min

[1/3] United Nations Secretary-General Antonio Guterres speaks at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 8, 2023. Israel has struck Gaza - an enclave of 2.3 million people - from the air, imposed a siege and launched a ground invasion. The United Nations has been working to increase humanitarian aid deliveries to Gaza. The United Nations also wants to be able to use the Kerem Shalom border crossing, controlled by Israel. "We are in intense negotiations with Israel, with U.S., with Egypt, in order to make sure that we have an effective humanitarian aid to Gaza," Guterres said.

Persons: Antonio Guterres, Brendan McDermid, Guterres, Michelle Nichols, Will Dunham Organizations: United Nations, REUTERS, Hamas Palestinian, Reuters NEXT, . Security, U.S, Thomson Locations: New York City , New York, U.S, Gaza, Israel, Ukraine, Palestinian, Rafah, Egypt

☆ Apple is not passing on costs of climate goals to consumers, exec says
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

People stand outside an Apple Store as Apple's new iPhone 15 officially goes on sale across China, in Shanghai, China September 22, 2023. "I want to do it in a way that other businesses can say this isn't because they’re Apple," said Jackson, referring to Cook's direction. Critics say it is easier for a tech company like Apple to meet such goals than it would be for corporations in more energy-intensive industries. Jackson also said Apple is working with smaller processing companies to recycle rare earths and other materials. "That's somewhere Apple can invest and then help to scale and bring (other) businesses along," she said.

Persons: Aly, Lisa Jackson, Alessandra Galloni, Jackson, Tim Cook, Jackson nodded, Jeffrey Dastin, Kenneth Li, Ross Kerber, Daniel Wallis Organizations: Apple, REUTERS, Reuters NEXT, Reuters, U.S . Environmental Protection Agency, Apple Watch, Thomson Locations: China, Shanghai, New York, California, U.S, Boston

☆ Watch live: Reuters NEXT, the definitive annual live journalist event
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: 1 min

Led by Editor-in-Chief Alessandra Galloni, Reuters correspondents speak to global policymakers, business leaders and forward thinkers to tackle the greatest challenges and opportunities facing society, business, and the world at large. To watch this video on the mobile app, please click hereAt a time when truth and new ideas have never been more important, Reuters NEXT examines the big issues from different perspectives, fuelled by passion, experience, and expertise. Building a better tomorrow begins with a clearer understanding of today. Our Standards: The Thomson Reuters Trust Principles.

Persons: Alessandra Galloni Organizations: Reuters NEXT, Thomson

☆ Reuters journalist killed: Editor-in-chief calls for probe following death of Issam Abdallah
▼ + stars: | 2023-10-16 | by ( Liam Reilly | ) edition.cnn.com time to read: +1 min

CNN —Reuters editor-in-chief Alessandra Galloni called for an investigation into the death of Issam Abdallah, the Reuters video journalist who was killed Friday when he was struck by a shell that originated in Israel while filming cross-border fire between Israel and Lebanon. “I urge all parties in this conflict to respect and work with all media to ensure the safety of journalists reporting in the region,” Galloni said. “Reporting on world events with accuracy, integrity, independence and freedom from bias is core to what we stand for at Reuters. Thaer Al-Sudani and Maher Nazeh, the two other Reuters journalists wounded in the incident, have been released from a hospital, Reuters reported. Prior to the Friday incident, at least 10 journalists had been killed since the onset of the war, according to the Committee to Protect Journalists.

Persons: CNN —, Alessandra Galloni, Issam Abdallah, ” Galloni, “, ” Abdallah, Abdallah, Thaer, Sudani, Maher Nazeh Organizations: CNN, CNN — Reuters, Reuters, Israel Defense Forces, Protect Journalists Locations: Israel, Lebanon, “, Khiyam

☆ Gannett tiptoes into generative AI, giving humans the last word
▼ + stars: | 2023-06-16 | by ( Helen Coster | ) www.reuters.com time to read: +6 min

Their caution follows well-publicized generative AI gaffes at media outlets including CNET and Men’s Journal. Generative AI is a sticking point in some negotiations with the company, the union said. Other news outlets are approaching generative AI with varying levels of commitment and caution. Bloomberg, which competes with Reuters, is developing its own generative AI model, BloombergGPT, which it trained on financial data. The New York Times, Washington Post and Bloomberg declined to provide additional comment on their plans.

Persons: Larry Downing, Renn Turiano, Turiano, ”, We’re, Paul Bascobert, Nicholas Diakopoulos, Ilana Keller, Gannett, Alessandra Galloni, Miranda Marcus, Marcus, “, we’re Organizations: YORK, Gannett, Gannett Co, USA, Gannett Co's, U.S, Reuters, ” Gannett, Northwestern University, CNET, Men’s, USA Today, Journalists, Asbury Park Press, Microsoft, USA Today’s, New York Times, Washington Post, Bloomberg, BBC News Labs Locations: McLean , Virginia, New Jersey, USA, Washington

Jan 19 (Reuters) - Zambia needs "desperate debt relief" and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank's managing director of operations said on Thursday. "In the last two years, we have seen the limitations of the common framework," Axel van Trotsenburg told a panel at the World Economic Forum's annual meeting in Davos, moderated by Reuters Editor-in-Chief Alessandra Galloni. Zambia has become a test case for the G20-led "Common Framework" restructuring vehicle launched during COVID-19 to streamline debt restructuring efforts as poorer countries buckle under the fallout from the pandemic hit. "Right now we have negotiations where there is not an established debt sustainability framework. What you see in the discussions is that different creditors are challenging all the underlying assumptions," van Trotsenburg added, without specifying which creditors he was referring to.

☆ Davos 2023: China recovery could be very quick -IMF's Gopinath
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 18 (Reuters) - China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday. "We expect growth in China to come back, to rebound," Gopinath told Reuters in an interview at the World Economic Forum in Davos. Economists polled by Reuters see Chinese growth in 2023 at around 4.9%, with some of them recently upgrading forecasts to around 5.5%. "But if growth in China comes in much more strongly, which is a possibility, then we could see another spike in oil prices or energy prices," she said. Reporting by Alessandra Galloni and Mark John in Davos; Editing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.

DAVOS, Switzerland, Jan 17 (Reuters) - A long-running dispute on oil revenue-sharing between Iraq's national government and the semi-autonomous Kurdistan region may be resolved within months with agreement on a hydrocarbons law, Iraqi Kurdish Prime Minister Masrour Barzani said on Tuesday. Agreement on regular budget payments from Baghdad would help authorities in the Kurdish Regional Government resolve payment delays to international oil companies in the region, as well as easing a backlog in salary payments for KRG employees. Asked about the timing for agreement on the hydrocarbon law, Barzani said it should be within months. Under the Iraqi constitution, the KRG is entitled to a portion of the national budget. The standoff has affected the KRG's ability to pay international oil companies (IOCs) operating on its territory and to pay thousands of local employees.

☆ Davos 2023: Brazil lacking world aid to fight climate change, Silva says
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

She said Brazil has regained the trust of the European Parliament with regards to resistance to the EU trade deal with South America's Mercosur bloc. Speaking at the World Economic Forum (WEF), Silva said Brazil's new government that took office on Jan. 1, was rebuilding Brazil's environmental agencies and policies that were "completely dismantled" by the previous administration. Silva said President Luiz Inacio Lula da Silva had offered to hold the COP30 climate summit in the Amazon region in 2025 to show its commitment towards curbing in climate change. Silva and Finance Minister Fernando Haddad represented Brazil at the WEF and discussed the country's economic, social and environmental roadmap in a panel. Reporting by Alessandra Galloni in Davos, Anthony Boadle and Eduardo Simoes in Brazil; Editing by Andrew Heavens and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ Canada says war, climate concerns show need for supply chain shift
▼ + stars: | 2022-11-30 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

Canada also launched an Indo-Pacific strategy on Sunday meant to counter Chinese power in the region. Canadian Prime Minister Justin Trudeau is interviewed by Reuters Editor-in-Chief Alessandra Galloni via video link during a Reuters NEXT Newsmaker event in New York City, U.S., November 30, 2022. REUTERS/Brendan McDermidChina now dominates the critical-mineral portion of the electric vehicle supply chain. In recent months, Canada has also been reminding its top trading partner, the United States, of its value as a neighbor. "We of course stand with those protesters," Trudeau said.

"The speech of President Putin demonstrates that the war is not going according to President Putin's plans. 1/6 Reuters Editor-in-Chief Alessandra Galloni interviews NATO Secretary General Jens Stoltenberg at the Reuters office in New York City, U.S., September 21, 2022. That will mean more suffering, more loss of lives - Ukrainian lives, but also Russian lives," Stoltenberg added. "The only way to end this war is to prove that President Putin will not win on the battlefield. When he realizes that, he has to sit down and negotiate a reasonable agreement with Ukraine," said Stoltenberg, the former Norwegian prime minister.

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