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☆ Foxconn halts iPhone production at India facility due to heavy rains - sources
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, Dec 4 (Reuters) - Taiwan's Foxconn (2317.TW) has halted production of Apple (AAPL.O) iPhones at its facility near the south Indian city of Chennai due to heavy rains, two sources familiar with the matter said on Monday. Foxconn is yet to decide whether to resume production on Tuesday, the sources said. Apple declined a Reuters request for comment, while Foxconn did not immediately respond. Reporting by Munsif Vengattil in Bengaluru and Praveen Paramasivam; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Foxconn, Munsif, Toby Chopra Organizations: Apple, Thomson Locations: BENGALURU, Chennai, Bengaluru, Praveen

Cyclone Michaung was expected to make landfall on the coast of the southern Indian state of Andhra Pradesh on Tuesday morning, the country's weather office said, with sustained winds of 90-100 kph (56-62 mph), gusting to 110 kph. Two people were killed when a wall collapsed because of heavy rain in the Chengalpattu district of neighbouring Tamil Nadu state, joint director of the state disaster management department, C. Muthukumaran, told Reuters. [1/3]People move in a boat past partially submerged vehicles in a residential area following heavy rains ahead of Cyclone Michaung in Chennai, India, December 4, 2023. Parts of Andhra Pradesh were likely to get more than 200 millimetres (8 inches) of rain over the next 24 hours, India's weather office said. At least 800 people have been evacuated so far from Bapatla, the coastal town in Andhra Pradesh where the cyclone is expected to make landfall on Tuesday, P Ranjit Basha, district collector of Bapatla, said.

Persons: Cyclone Michaung, Muthukumaran, Ranjit Basha, Praveen, Jatindra, Shilpa Jamkhandikar, Gerry Doyle, Sharon Singleton Organizations: Cyclone, Reuters, REUTERS, Authorities, ., Thomson Locations: CHENNAI, Andhra Pradesh, Chengalpattu, Tamil Nadu, Chennai, India, Bapatla, Sadam, Hyderabad, Bhubaneshwar

[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. When asked during a press conference if he had reservations about the revised deal, Chairman Scott Perkins said: "absolutely". DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.

Persons: Dado Ruvic, Australia's, EIG, Scott Perkins, Blair Thomas, Allan Gray, Simon Mawhinney, Mawhinney, Chris Bowen, Scott Murdoch, Lewis Jackson, Praveen Menon, Lincoln, Sonali Paul, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, Brookfield ., EIG Partners, Australia Pacific LNG, Reuters, Brookfield consortium's, Energy, Thomson Locations: Brookfield, Sydney, Australia

New Zealand's Foreign Minister Winston Peters arrives at a news conference after he attended an emergency meeting of the Organisation of Islamic Cooperation (OIC) in Istanbul, Turkey, March 22, 2019. The role of deputy prime minister, a key sticking point in the discussions, will be split between the populist NZ First party leader Winston Peters and ACT party leader David Seymour, the group announced in a statement. National Party deputy leader Nicola Willis will be finance minister and Peters will be foreign minister, the parties said. The coalition plans to repeal a ban on offshore oil and gas exploration and a ban on the sale of cigarettes to future generations introduced by the previous Labour government, according to coalition documents. "Foreign affairs does matter to this country.... all relationships do matter to this country," Peters said in a joint news conference in the capital Wellington after the announcement.

Persons: Winston Peters, Murad Sezer, David Seymour, Nicola Willis, Peters, Christopher Luxon, Luxon, ” Luxon, Jacinda, Helen Clark, Lucy Craymer, Praveen Menon, Diane Craft Organizations: Zealand's, of Islamic Cooperation, REUTERS, ACT NZ, National Party, NZ First, ACT, Party, Reserve, New Zealand, Bank of New, Labour, “, New Zealanders, Police, Thomson Locations: Istanbul, Turkey, WELLINGTON, Bank of New Zealand, Wellington, Niue

The A$300 billion ($195.24 billion) pension fund was against the original offer, which it also said substantially undervalued the company's ability to profit from Australia's shift to renewable energy. Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.

BANGKOK (AP) — Asian shares have retreated after Wall Street added a bit more to its big rally from a day before, while U.S. futures and oil prices were lower. Biden and Xi emerged from their first face-to-face meeting in a year vowing to stabilize the fraught relationship between the world's two biggest economies. Target helped lead the market with a 17.8% jump after it reported much stronger profit for the latest quarter than analysts expected. Prices at the wholesale level were 1.3% higher in October than a year earlier, and they surprisingly fell from September’s levels. That breathed more life into hopes that inflation is indeed cooling enough for the Fed to halt its barrage of rate hikes.

Persons: Joe Biden, Xi Jinping, Biden, Xi, ” Biden, Hang Seng, ’, retracing, Goldman Sachs, Praveen, Brent Organizations: Nikkei, Dow Jones Industrial, Nasdaq, Federal Reserve, Fed, U.S, Traders, New York Mercantile Exchange Locations: BANGKOK, Shanghai, Seoul, Australia, Japan, India, Bangkok, U.S

Hadri and Umar on Thursday began their defence after being accused of murdering Mongolian Altantuya Shaariibuu. Sirul was arrested on an Interpol notice and has been held in an Australian immigration detention centre since January 2015, after fleeing Malaysia shortly before the verdict was handed down. His release comes just days after a landmark ruling by Australia's High Court that outlawed indefinite immigration detention, leading to the release of dozens of asylum seekers. Malaysia's top police official Razarudin Husain confirmed news of Sirul's release from Australian detention and said police would discuss with the Attorney-General and the courts the possibility of seeking extradition. Sirul was serving as a member of Najib’s personal security detail at the time of the murder.

Persons: Azilah Hadri, Sirul Azhar Umar, Hadri, Umar, Bazuki Muhammad, Najib Razak, Sirul, Razarudin Husain, Sirul’s, Najib, Praveen Menon, Rozanna, Lincoln Organizations: Thursday, Mongolian, REUTERS, Rights, Australia's, Attorney, Thomson Locations: Shah Alam, Kuala Lumpur, KUALA LUMPUR, Malaysian, Australia, Malaysia, Canberra, Malaysia’s, Sydney

SYDNEY, Nov 8 (Reuters) - Millions of Australians were left without a phone or internet connection on Wednesday after the country's second-largest telecommunications provider experienced an unexplained nationwide outage. "Our teams are working urgently to restore services. The government had sought further information from Optus including when they expected to restore services. Melbourne's train networks were forced to shut down for about 30 minutes due to the outage, resulting in delays during the morning rush, media reported. A cyber breach last year hit Optus, exposing personal details of millions of its customers, including their home addresses, driver licence and passport numbers.

Persons: telco, Michelle Rowland, Rowland, Renju Jose, Praveen Menon, Stephen Coates Organizations: SYDNEY, Optus, Singapore Telecommunications, Commonwealth Bank, CBA, Reuters, Federal Communications, ABC Radio, Thomson Locations: Sydney

☆ India's Redington posts 22% fall in quarterly profit on slow tech gadget demand
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

CHENNAI, Nov 6 (Reuters) - India's Redington (REDI.NS) reported a 22% decline in quarterly profit on Monday, as the technology gadgets distributor grappled with a global slowdown in demand and higher expenses. Consolidated profit fell to 3.03 billion rupees ($36.42 million) in the second quarter from 3.87 billion rupees a year earlier. In the previous four quarters, Redington had reported revenue growth between 24.6% and 30.8%. However, Qualcomm and Apple recently indicated smartphone sales slump has finally started to ease, setting them up for better quarters ahead. ($1 = 83.1974 Indian rupees)Reporting by Praveen Paramasivam in Chennai; Editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Redington, Praveen, Eileen Soreng Organizations: Consolidated, Apple, Samsung, Revenue, Qualcomm, Thomson Locations: CHENNAI, Chennai, Tamil Nadu, Singapore, India, South Asia

☆ Gold softens on caution ahead of Fed's policy decision
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: +2 min

Spot gold fell 0.2% to $1,978.36 per ounce by 0351 GMT on Wednesday, while U.S. gold futures dropped 0.4% to $1,987.00. Spot gold posted a 7.3% jump in October, with prices hitting an over five-month high of $2,009.29 last week. Markets now await the outcome of the Fed's monetary policy meeting concluding later in the day, followed by the U.S. monthly jobs report on Friday. "Although no change in the interest rates is expected, the focus will be on the Fed's assessment of the U.S. economy and clues to the monetary policy going forward," said Praveen Singh, associate vice president at BNP Paribas' Sharekhan. Spot silver dropped 1% to $22.662 per ounce, platinum slipped 0.6% to $927.77, while palladium rose 0.5% to $1,120.91.

Persons: Alexander Manzyuk Gold, Christopher Wong, Praveen Singh Organizations: REUTERS, U.S, BNP Locations: Siberian, Krasnoyarsk, Russia, U.S . Federal, Gaza, U.S, China

Customers seen in the self-service checkout area of a Coles supermarket in Sydney, Australia, June 17, 2020. REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsOct 26 (Reuters) - Australian retailers are ramping up their tech security initiatives, including placing cameras at self-checkouts and body-worn cameras on staff, to combat a surge in stock theft and customer aggression aggravated by the cost of living crisis. "Unfortunately the data suggests it's continuing to occur," added Thomson, whose firm counts Coles and Woolworths as clients. Reports of store theft surged 23% in Australia's three largest states of New South Wales, Victoria and Queensland, home to three-quarters of the population, in the year to March 2023, according to the latest available government statistics, as COVID-related restrictions ended. Reports of threatening behaviour by shoppers rose to 17% of all security reports logged by Australian store staff in 2023, from 10% three years earlier, according to Auror data reviewed by Reuters.

Persons: Loren Elliott, Phil Thomson, Thomson, Coles, Leah Weckert, Weckert, Brad Banducci, Gerard Dwyer, Rishav Chatterjee, Byron Kaye, Praveen Menon, Christian Organizations: Coles, REUTERS, Woolworths, New, Reuters, National, of, Allied Employees Association, Thomson Locations: Sydney, Australia, New Zealand, Australia's, New South Wales, Victoria, Queensland, Bengaluru

☆ From Africa to America, a Vintage Mercedes Never Left His Mind
▼ + stars: | 2023-10-20 | by ( A.J. Baime | Photographs Tyler Dane Hansen For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Praveen Asthana , 58, a co-founder of Accelsius, a startup specializing in liquid cooling technology for data centers, who lives in Austin, Texas, on his 1979 Mercedes-Benz 300 SD Turbo Diesel, as told to A.J. My father was a teacher from India, and he moved to Africa when I was a year old. I grew up in Zambia, in a town called Mufulira. All the businessmen and politicians drove Mercedes-Benz cars, and most others drove more affordable cars like the mustard-yellow Toyota Corolla my father drove. Mercedes was the only fancy car you could buy.

Persons: Praveen Asthana, A.J, Mercedes Organizations: Benz, Turbo Diesel, Mercedes, Toyota, Porsche Locations: Austin , Texas, India, Africa, Zambia

☆ India's ITC misses profit estimates as competition, costs rise
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Vivek Prakash/File Photo Acquire Licensing RightsBENGALURU/CHENNAI, Oct 19 (Reuters) - India's ITC (ITC.NS) reported a smaller-than-expected rise in its second-quarter profit on Thursday, as the consumer goods major grappled with stiff competition from smaller rivals and higher prices of some commodities. Dove-soapmaker Hindustan Unilever said earlier in the day it lost some market share in its mass segment - comprising lower-priced products - due to competition. The tobacco-to-hotels conglomerate's profit still rose 10% to 49.27 billion rupees ($592.81 million), but missed analysts' average estimate of 49.54 billion rupees, according to data from LSEG. Revenue from operations rose 3% to 177.05 billion rupees, helped by a 10% surge in its cigarettes business. Other consumer goods majors Nestle India (NEST.NS) and Hindustan Unilever eased past quarterly earnings estimates earlier on Thursday, as city dwellers spent more on affordable pick-me-ups like cookies and coffee.

Persons: Vivek Prakash, Shirish Pardeshi, Navamya Ganesh Acharya, Varun, Anil D'Silva Organizations: ITC, REUTERS, Hindustan Unilever, Centrum Broking, Nestle India, Varun Vyas, Thomson Locations: Mumbai, BENGALURU, CHENNAI, LSEG ., Bengaluru, Praveen, Chennai

[1/2] A ‘No’ sign sits in front of the Tent Embassy near the Old Australian Parliament House as voters arrive during The Voice referendum, in Canberra, Australia, October 14, 2023. An Australian referendum requires a majority vote in at least four of its six states, as well as nationally. Ultimately, no state supported the "Voice" and the national vote was 40% "Yes" to 60% "No", according to preliminary counting. After the votes were counted, Dutton said his party supported Indigenous reconciliation but he made no mention of an alternative measure. Albanese, asked on Saturday why the vote had failed, said no referendum had succeeded without bipartisan support.

Persons: Tracey Nearmy, Anthony Albanese, Kos Samaras, Matt Qvortrup, Peter Dutton, Dutton, Timothy Graham, Graham, Cate Blanchett, Russell Crowe, Chris Hemsworth, Jason Mamoa, Shaquille O'Neal, Samaras, Donald Trump, Paul Smith, Smith, Albanese, Qvortrup, Byron Kaye, Praveen Menon, Edmund Klamann Organizations: Tent Embassy, Old Australian, House, REUTERS, Rights, Labor, Redbridge Group, Australian National University, Liberal Party, Queensland University of Technology, Qantas, NBA, Labor Party, U.S, European Union, Liberal, Thomson Locations: Tent, Canberra, Australia

[1/2] Voters walk past Vote 'Yes' and Vote 'No' signs at the Old Australian Parliament House, during The Voice referendum in Canberra, Australia, October 14, 2023. REUTERS/Tracey Nearmy Acquire Licensing RightsSYDNEY, Oct 15 (Reuters) - Australian Indigenous leaders called on Sunday for a week of silence and reflection after a referendum to recognise the First Peoples in the constitution was decisively rejected by a majority of the population. Aboriginal and Torres Strait Island people make up 3.8% of Australia's 26 million population and have inhabited the country for about 60,000 years. The leaders said they would lower the Aboriginal and Torres Strait Island flag to half-mast for the week and urged others to do the same. 'REFLECT HARD'Prime Minister Anthony Albanese staked significant political capital on the Voice referendum, but his critics say it was his biggest misstep since coming to power in May last year.

Persons: Tracey Nearmy, Lloyd Walker, Walker, Jade Ritchie, it’s, Anthony Albanese, Peter Dutton, Cordelia Hsu, Jill Gralow, Chizu Nomiyama Organizations: Old Australian, House, REUTERS, Rights, Peoples, Aboriginal, First Peoples, national rugby, Reuters, Thomson Locations: Canberra, Australia, Torres, Canada, New Zealand

[1/5] Voters are seen at the ballot box at the Old Australian Parliament House, during The Voice referendum in Canberra, Australia, October 14, 2023. "I sincerely hope that Australians, when they walk into that ballot box today, vote 'Yes'," Albanese said in Sydney, according to a transcript. Supporters of the proposal believe entrenching an Indigenous Voice in the constitution would unite Australia and usher in a new era with its Indigenous people, who account for 3.8% of the population and are its most disadvantaged, by most socio-economic measures. Another voter and 'No' campaigner, Greg Mason, doubted the usefulness of an Indigenous Voice to Parliament. Constitutional change requires a majority of votes both nationwide and in at least four of the six states.

Persons: Tracey Nearmy, Anthony Albanese, " Albanese, Michael Mahoney, Sydneysider Geoff Sumner, Greg Mason, Stefica Nicol, Praveen Menon, William Mallard, Clarence Fernandez Organizations: Old Australian, House, REUTERS, Aboriginal, Australian, Stefica Nicol Bikes, Thomson Locations: Canberra, Australia, Sydney SYDNEY, Sydney, Torres, Melbourne, Perth, Beach

☆ 'Kindness costs nothing', says Australian PM in final plea ahead of Indigenous referendum
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

SYDNEY, Oct 13 (Reuters) - Australia Prime Minister Anthony Albanese made a final plea to vote in favour of recognising Indigenous people in the constitution in a referendum on Saturday, as opinion polls show the vote is set to fail. The latest opinion poll released on Thursday predicted the 'No' camp sweeping the polls with a lead of 56% over the 'Yes' vote that's at 38%, with some 6% undecided. In 1967 a referendum to count Indigenous people as part of the Australian population was a resounding success as it secured bipartisan political support. The 2023 referendum has not garnered united political support, with leaders of the major conservative parties campaigning for a 'No' vote. Supporters argue the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive.

Persons: Anthony Albanese, Albanese, haven’t, Noel Pearson, Praveen Menon, Michael Perry Organizations: SYDNEY, Australia, Aboriginal, REUTERS, Indigenous, Thomson Locations: Torres, Adelaide, Todd, Alice Springs, Australia

REUTERS/Jaimi Joy/File Photo Acquire Licensing RightsSYDNEY, Oct 13 (Reuters) - Phone lines at 13Yarn, a national Indigenous helpline in Australia, are ringing off the hook. Australians will vote 'Yes' or 'No' to a single line question, asking whether they agree to alter the 122-year old constitution to recognise the First Peoples. It will also create a body, called the Voice to Parliament, that can advise the government on matters affecting the Indigenous community. Supporters believe the change will unite Australia and usher in a new era with its Indigenous people, who continue to be the most marginalised people in Australia. Ian Hamm an Aboriginal man who chairs the First Nations Foundation, an Aboriginal rights organisation, said he felt his community’s voice was at risk of being silenced.

Persons: Jaimi, Marjorie Anderson's, Anderson, they've, Nathan Allen, Gilbert, Tobin, Allen, Surya Deva, Deva, Price, Anthony Albanese, Ian Hamm, Praveen Menon, Kat Stafford, Stephen Coates Organizations: REUTERS, Rights, Reuters, Australia, United Nations, Development, UN, Indigenous Peoples, First Peoples ., Authorities, Indigenous, Nations Foundation, Thomson Locations: Todd, Alice Springs, Australia, 13Yarn, Torres, Australia's, Sydney, Canada, New Zealand

☆ Explainer-What Is Australia's Indigenous Voice to Parliament Referendum?
▼ + stars: | 2023-10-12 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +4 min

Here's what you need to know about Australia's Voice to Parliament campaign:WHO ARE AUSTRALIA'S INDIGENOUS PEOPLE? Australia's Indigenous population plummeted after British colonisation began in 1788 as they were dispossessed of their land, exposed to new diseases, forced to work in slave-like conditions, and killed by colonisers. The country also created Maori seats in parliament, allowing the Indigenous population to choose to vote for candidates for these seats or participate in the general election. HOW DID THE VOICE REFERENDUM COME ABOUT? In 2022, Labor's Anthony Albanese became prime minister and said Australians would have their say in a referendum to include an Aboriginal and Torres Strait Islander Voice to Parliament.

Persons: Praveen Menon SYDNEY, colonisers, Labor's Anthony Albanese, Lidia Thorpe, Praveen Menon, Alasdair Pal, Stephen Coates Organizations: WHO, Torres Strait, Nations, Te reo, Torres Strait Islander, Albanese's Labor Party, Greens, Independent, Green, Liberal Party, Party, Liberals, Nationals Locations: Australia, Canada, Waitangi, Uluru, New Zealand, Sydney

☆ Australians to reject Indigenous Voice in referendum - final YouGov poll
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

More than 4 million people have already cast their ballot after early voting began on Oct. 2. With less than two days to go before voting day on Oct. 14, those opposed to the proposal lead the 'Yes' camp by 56% to 38%, according to the final poll by YouGov published on Thursday. "Our final poll indicates a sweeping ‘No’ victory – with nearing six in 10 voters intending to cast a ‘No’ vote," said Amir Daftari, YouGov Director of Polling and Academic research. Support for the referendum, the first since voters rejected a 1999 proposal to become a republic, has ebbed over the past few months. Supporters argue the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive.

Persons: Rita Wright, Loren Elliott, YouGov, Yougov, Amir Daftari, ”, Praveen Menon, Stephen Coates Organizations: Australian, REUTERS, Rights, Aboriginal, Indigenous, Thomson Locations: Sydney, Australia, Torres

☆ Australians to reject Indigenous Voice in referendum, final YouGov poll shows
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

More than 4 million people have already cast their ballot after early voting began on Oct. 2. "Our final poll indicates a sweeping ‘No’ victory – with nearing six in 10 voters intending to cast a ‘No’ vote," said Amir Daftari, YouGov Director of Polling and Academic research. Support for the referendum, the first since voters rejected a 1999 proposal to become a republic, has ebbed over the past few months. Supporters argue the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive. Referendums are difficult to pass in Australia, with only eight referendums being approved since it became a country in 1901.

Following the comments from top Fed officials on Monday, Atlanta Fed President Raphael Bostic said the U.S. central bank does not need to raise interest rates any further, and that he sees no recession ahead. "Everybody has one eye on the Middle East conflict and one eye on what's happening with bond yields. The decline in bond yields is the key driver today," said John Praveen, managing director & co-chief investment officer at Paleo Leon. "If tensions escalate bond yields might decline further because they're a safe haven but equities would sell off in that instance because of increased uncertainty and risk aversion," he said. But the flight to safety has made Treasury yields fall enough to push up equities," Tuz said.

Persons: Brendan McDermid, dovish, Raphael Bostic, John Praveen, Praveen, Peter Tuz, Tuz, Neel Kashkari, Christopher Waller, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Terence Gabriel, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Atlanta Fed, Treasury, Chase Investment, Nasdaq, Dow Jones, Minneapolis Federal Reserve Bank, Traders, PepsiCo, Truist, Rivian, UBS, EV, Thomson Locations: New York City, U.S, Gaza, Paleo Leon, Charlottesville , Virginia, Israel, Minneapolis

☆ Australia's Outback Dialysis Clinic Says Indigenous Voice Can Save Lives
▼ + stars: | 2023-10-10 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Napaltjarri, 55, is one of dozens of Indigenous Aboriginal and Torres Strait Island people who are treated each day for kidney failure at remote dialysis clinics run by The Purple House, an Aboriginal community-led health service. Headquartered in Alice Springs, it's an example of how community involvement can improve outcomes for Australia's Indigenous people, The Purple House CEO Sarah Brown told Reuters in an interview. Purple House is evidence of how including the community can improve outcomes, Brown said. Kidney failure is a common cause of death among the Indigenous. Treatment for kidney failure requires dialysis for five hours a day, thrice a week.

Persons: Jill Gralow, Praveen Menon ALICE SPRINGS, Rachel Napaltjarri, She's, Sarah Brown, Brown, Alice Springs, Praveen Menon, Sonali Paul Organizations: Aboriginal, Purple, Reuters, Australian Bureau of Statistics, Torres Strait Locations: Alice Springs, Torres, Australia, Northern Territory, Western Australia, South Australia, Darwin

☆ Australian Aboriginal leader threatened ahead of referendum on Indigenous rights
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +3 min

[1/2] People rally during the 'Walk for Yes', hosted by the Yes23 campaign Australia's upcoming referendum on Indigenous issues, at the Todd River in Alice Springs, Australia, September 17, 2023. Australians will vote on Oct 14, asked if they support a change to the constitution to include a "Voice to Parliament", an Indigenous committee to advise parliament on matters affecting Aboriginal and Torres Strait Island people. A video published online showed a man in a balaclava claiming to be from a neo-Nazi group, burning the Aboriginal flag, performing a Nazi salute, and threatening Senator Lidia Thorpe. Thorpe asked during a news conference in Melbourne. Aboriginal people track below national averages on most socio-economic measures and suffer disproportionately high rates of suicide, domestic violence and imprisonment.

Persons: Jaimi, Lidia Thorpe, Thorpe, I’m, Anthony Albanese, I've, " Albanese, Praveen Menon, Michael Perry Organizations: REUTERS, Rights, Nazi, Australian Federal Police, AFP, Thomson Locations: Todd, Alice Springs, Australia, Torres, balaclava, Melbourne, New Zealand, Canada

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