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☆ Why Wall Street is transfixed by a BofA banker's untimely death
▼ + stars: | 2024-05-08 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

The untimely death of a 35-year-old Bank of America associate has sparked a conversation across Wall Street over working conditions. "And to at least just start having those conversations as to how they can make junior bankers work life much better because it's been long overdue. At BofA, 100-plus hour weeks logged by junior bankers aren't unusual, said current and former employees, who questioned whether the firm's system for flagging excessive amounts of work was actually effective. But some junior bankers felt dismayed by an apparent lack of written communication from bank leaders about the incident, this person added. Crushing exhaustion, heightened demandsThe former BofA investment-banking analyst, who was not on Lukenas' team, quit in 2023 after two years.

Persons: Leo Lukenas III, BofA, Lukenas, it's, Goldman Sachs, Lukenas —, —, UMB, Christopher Perkins, Perkins, Les Lukenas, Green, Leo, Reed Alexander, Emmalyse Organizations: Service, of America, Wall, Army, Green Beret, Special Forces, Reuters, New York Office, Business, Bank of America, Investment, Goldman, Heartland Financial, Inc, FIG, Citigroup, Veterans, BI, LinkedIn, Green Berets, Army Special Forces Locations: BofA, London, Wall, ebrownstein@businessinsider.com

☆ Tesla to cut more than 10% of its global staff
▼ + stars: | 2024-04-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Tesla is reportedly cutting more than 10% of its global staff of 140,000. It did not mention anything about the slowdown in demand for electric vehicles or about Tesla sales. In the fourth quarter Tesla briefly lost its title for the leader in global EV sales to Chinese automaker BYD. It recaptured the EV sales title from BYD in the first quarter, despite the drop in sales. This is not the first time that Tesla has cut staff.

Persons: New York CNN — Tesla, Elon Musk, ”, Electrek, Tesla, Musk Organizations: New, New York CNN, Reuters, General Motors, Ford, EV, US, Tesla Locations: New York, BYD, Germany, Texas, Mexico, Friday’s

☆ Inflation in December was even lower than first reported, the government says
▼ + stars: | 2024-02-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday. Revisions to the consumer price index showed that the broad basket of goods and services measured increased 0.2% on the month, less than the originally reported 0.3%, the Labor Department's Bureau of Labor Statistics said. Indications that inflation in 2022 rose more than anticipated drove Treasury yields higher and sparked worry from investors that the Fed might keep monetary policy more restrictive. Excluding food and energy, so-called core CPI increased 0.3% for the month, the same as originally reported. Fed policymakers tend to focus more on core measures as they provide a better indication of long-run movements in inflation.

Organizations: Labor Department's Bureau of Labor Statistics, Federal Reserve, Treasury, Reuters

☆ Russia's 'meat wave' assaults leave frozen corpses uncollected as Russian soldiers 'just go and die,' Ukrainian sniper says
▼ + stars: | 2024-01-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Russia's "meat wave" strategy is leaving frozen bodies at Avdiivka, a Ukrainian sniper said. He said no one collects them and Russian soldiers don't seem to have a task beyond "go and die." Ukrainian medical personnel treat wounded soldiers at a stabilization point near Avdiivka, Ukraine, on New Year's Eve 2023. AdvertisementNew Russian troops often receive little training, according to Western intelligence and captured Russian soldiers. Aerial footage released in November by Ukraine shows a Russian armored vehicle exploding near Avdiivka, Ukraine.

Persons: —, Bess, Kostya, Ozge Elif, Reuters Connect Teren Organizations: Service, CNN, Getty, Mechanized Brigade, Reuters Connect Locations: Avdiivka, Ukrainian, Russia, Ukraine, Russian, Anadolu

☆ Hezbollah Rejected US Overtures, Still Open to Diplomacy to Avoid Wider War
▼ + stars: | 2024-01-18 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +9 min

U.S. envoy Amos Hochstein has been leading a diplomatic outreach to restore security at the Israel-Lebanon frontier as the wider region teeters dangerously towards a major escalation of the conflict ignited by the Gaza war. Israel has also said it wants to avoid war, but both sides say they are ready to fight if necessary. Branded a terrorist organisation by Washington, Hezbollah has not been directly involved in talks, three Lebanese officials and a European diplomat said. Hezbollah has dismissed both ideas as unrealistic, the Lebanese officials and the diplomat said. Iran's foreign minister on Wednesday said attacks against Israel and its interests by the "Axis of Resistance" will stop if the Gaza war ends.

Persons: Laila Bassam, Maya Gebeily, Amos Hochstein, Hochstein, Israel, Spokespeople, Eylon Levy, Najib Mikati, Mikati, Hamas, Mohanad Hage Ali, Hage Ali, Sayyed Hassan Nasrallah, Nasrallah, Gebeily, Dan Williams, Tom Perry, Steve Holland, Edtiing, Frank Jack Daniel Organizations: U.S, Yemen's, Reuters, Hezbollah, Lebanese, Iran's, Guards, Carnegie Middle East Center Locations: Maya, Maya Gebeily BEIRUT, Iran, Israel, Lebanon, Gaza, Yemen's Iran, Red Sea, U.S, Lebanese, Beirut, Jan, Washington, European, Hochstein, United States, IRAN, Syria, Iraq, Tehran, France, Jerusalem

"After these results, it looks like there is no stopping Modi," said Yashwant Deshmukh, poll expert with C-Voter agency, adding that stopping Modi would be a "herculean task". The BJP won the regional votes in three of four major states, including central Rajasthan and Chhattisgarh which were ruled by Congress. One of the challenges facing the opposition are the factious ties within the INDIA alliance. Congress refused to share seats in state polls with key regional ally the Samajwadi Party. "The future of the alliance is good if the Congress party works on it with full commitment," he said.

Persons: India's, Narendra Modi, of Home Affairs Amit Shah, Narendra Modi's, Modi, Yashwant Deshmukh, Rahul Gandhi, Manish Tewari, Manoj Kaka, Gandhi, Baijayant Panda, Saurabh Sharma, Miral Organizations: Bharatiya Janata Party, BJP, Indian, Union, of Home Affairs, Narendra Modi's Bharatiya Janata Party, Voter, Congress, Reuters, Samajwadi Party, Thomson Locations: Ahmedabad, India, DELHI, Britain, Rajasthan, Chhattisgarh, Karnataka, INDIA, Lucknow

☆ Ukraine says two killed, seven injured as Russia shells Kherson
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

[1/3] Debris is scattered inside an apartment after shelling in a residential block in Kherson, Ukraine, in this screengrab taken from a video released on December 3, 2023. Roman Mrochko, head of Kherson city's military administration, said shelling killed two people and injured seven in an area in and around Kherson city. The Kherson military administration said on the Telegram messaging app that shelling of the village of Sadove east of Kherson city killed a 78-year-old man in a private garage, adding, "He died on the spot from the explosive injury." Regional governor Oleksandr Prokudin said the Kherson city shelling killed an elderly woman at a bus stop beside a high-rise building. Prokudin, the Kherson regional governor, said Russian shells also damaged the facades of two nearby hospital buildings, but added that there were no casualties.

Persons: Roman Mrochko, Oleksandr Prokudin, Mrochko, Pavel Polityuk, Elaine Monaghan, Bernadette Baum, Chizu Organizations: Kherson Regional, Administration, Handout, REUTERS Acquire, Rights, Reuters, Thomson Locations: Kherson, Ukraine, Kherson city, Dnipro, Roman, Sadove, Kyiv, Washington

☆ What the Polls Say About Gaza
▼ + stars: | 2023-11-30 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +1 min

A major reason appears to be the civilian death toll in Gaza, which is mostly women and children. Consider these two facts: One, most Americans say that Israel’s military response has been both reasonable and understandable. In the Ipsos poll, 68 percent of people agreed that “Israel should call a cease-fire and try to negotiate.”This combination of views doesn’t quite mesh. Still, you can understand why many Americans would hold this mix of views: They both support Israel’s effort to topple Hamas and do not want Palestinians to keep dying. Yes, only one of the two findings is convenient to each side in the debate, but both findings are real.

Persons: Ipsos, isn’t, Israel, don’t Organizations: Reuters, Israel, Hamas Locations: Gaza, Israel, Gazans

"I feel really alone and if somebody with the status of an elected official can’t be protected then how must others feel?” said Omar. Official data shows a significant, smaller increase in anti-Muslim incidents in Britain and is patchy for the other two countries. "The vast majority of Muslims do not file a complaint when they are victims of such acts. A spokesperson for France's national police acknowledged data on anti-Muslim incidents was "incomplete", and relied on victims filing a complaint. For some Muslims in Germany, which has welcomed about a million Syrians and just under 400,000 Afghans in recent years, rising hostility came as a surprise.

Persons: Jian Omar, Lisi Niesner, ”, Omar, Zara Mohammed, Geert Wilders, Ben Badis, Rachid Abdouni, Khalil Raboun, Tell Mama, Mama, Abdallah Zekri, Zekri, Rima Hanano, Gerald Darmanin, Reza Zia, Emmanuel Macron, Zia, Ebrahimi, fomented, Aiman, Germany's, Reem Alabali, Radovan, Ghalia Zaghal, Zaghal, Layli Foroudi, Thomas Escritt, Sarah Marsh, Andrew MacAskill, Frank Jack Daniel Our Organizations: Hamas, REUTERS, Reuters, Muslim Council of, Ministers, Local, French Muslim Council, HISTORY, Kings College London, Amnesty, German Muslim Council, Thomson Locations: German, Kurdish, Israel, Palestinian, Berlin, Germany, BERLIN, LONDON, Europe, Gaza, London, France, Britain, Muslim Council of Britain, British, Dutch, Netherlands, United States, Nanterre, Paris, French, Moroccan, Western, Syria

☆ Russia's air force appears to be turning more to an 1,100-pound cluster bomb in one of the deadliest fights in Ukraine, intel says
▼ + stars: | 2023-11-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Russia's air force seems to be increasingly using 1,100-pound cluster bombs. Moscow "has likely started to more frequently employ" the RBK-500, a 1,100-pound bomb, over the past month, Britain's defense ministry wrote in a Wednesday intelligence update. Reports indicate the RBK-500 has been used against Kyiv's forces near the eastern Ukrainian front-line cities of Vuhledar and Avdiivka, Britain's defense ministry said. Sophisticated air defense on both sides has kept the sky above the battlefield contested, with neither Ukraine nor Russia's air force able to achieve air superiority. Aerial footage released November 2 by Ukraine shows a Russian armored vehicle exploding near Avdiivka, Donetsk, Region, Ukraine.

Persons: Avdiivka, —, Russia's, Biden Organizations: Service, Staff of, Armed Forces, Ukraine's, Staff, Mechanized Brigade, Reuters Connect, MGM, Tactical Missile Systems Locations: Avdiivka, Moscow, Ukraine, Ukrainian, Vuhledar, Russia, Russian, Donetsk, Region

☆ Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +9 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. Notably absent are any dioceses in the U.S.Reuters reviewed the financial reports published by two dozen of the nation's more than 170 Catholic dioceses, including several of its largest, and found that few provide details on specific investments. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Remo Casilli, Dan DiLeo, Peter Marlow, Anne, Marie Welsh, William Lori, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ Insight: Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +10 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ Fact Check: Armoured vehicles pictured in south Dublin unrelated to riot
▼ + stars: | 2023-11-27 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Armoured vehicles pictured in a suburb of Dublin, Ireland, on Nov. 23 have been falsely linked to policing of a riot that broke out in the city centre on the same day, according to Ireland’s Defence Forces. Reuters correspondent Conor Humphries, who reported on the ground during the riot in central Dublin, said he did not see any army vehicles and only police presence. Reuters did not find any imagery of army vehicles inside the city centre where the riot took place. The Defence Forces did not deploy any assets, and none were requested, in support of Ireland’s police in relation to the unrest, the spokesperson said. “The Defence Forces conduct routine driving and training exercises both in Dublin City and beyond very regularly,” the spokesperson said.

Persons: “, Conor Humphries, “ Terenure, Cathal Brugha, Imaal, Read Organizations: Ireland’s Defence Forces, Social, Twitter, Facebook, Police, Reuters, The Defence Forces, Dublin, Garda, police, Defence Forces, Thomson Locations: Dublin, Ireland, Terenure, Rathmines, Dublin City, Glen

Six people listed on Israel's previous Tron seizure notices who responded to Reuters questions denied connections to militant groups. Iran has previously used Tron to skirt U.S. sanctions. 'BLINDSPOT'Since its 2008 birth, the Bitcoin blockchain, and since then crypto more widely, have been magnets for criminals drawn by liquidity and a reputation for anonymity. In 2021, the first year NBCTF published seizure notices, it froze 30 Bitcoin wallets. No Bitcoin wallets appear in notices in the subsequent years.

Persons: Dado Ruvic, Mriganka Pattnaik, Merkle, Hayward Wong, Tron, Wong, Israel, NBCTF, Weeks, Justin Sun, Sun, Binbin Deng, Shlomit Wagman, VanEck, Wagman, Tom Wilson, Elizabeth Howcroft, Nidal al, Gebeily, Frank Jack Daniel Our Organizations: REUTERS, Hezbollah, Reuters, Israel's, Bureau for, British Virgin Islands, Dubai Co, Israel, Hamas, Islamic, West Bank, Tron, U.S . Securities, Exchange Commission, SEC, Sun, Force, Harvard University, Authority, Militant, Thomson Locations: Iran, Israel, United States, New York, Britain, Singapore, Gaza, British Virgin, Jihad, Dubai, Venezuela, Jenin, Tehran, Paris, U.S, London, Beirut

☆ Russian forces are crashing headlong into another city using some of the same catastrophic tactics that bloodied its army in Bakhmut
▼ + stars: | 2023-11-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Russia has faced a slaughter fighting for the eastern city of Avdiivka. Ukrainian forces say they've destroyed heaps of armor, equipment, and personnel. War experts say the slaughter around Avdiivka bears similar hallmarks to the months-long battle for Bakhmut, where Moscow's catastrophic tactics badly bloodied its army, even though it eventually captured the city. There, it added, Russian forces are suffering "particularly heavy casualties." George Barros, a Russia analyst at the Institute for the Study of War, said Avdiivka presents a similar situation for Ukraine as Bakhmut did.

Persons: —, Mark Cancian, They've, Cancian, George Barros, Avdiivka, Barros, Valerii Zaluzhnyi, they've, It's, Bakhmut, Vladimir Putin Organizations: Service, US Marine Corps, Center, Strategic International Studies, Business, Institute for, Kyiv, Special Operations Forces, Ukraine, Russia, White, Avdiivka, Mechanized Brigade, Connect Locations: Russia, Avdiivka, Moscow, Bakhmut, Ukraine, Izium, Donetsk, —, Ukrainian, Donetsk region, Russian

LONDON, Nov 23 (Reuters) - Leading scientists urged caution over fears of another pandemic on Thursday after the World Health Organization requested more information from China on a rise of respiratory illnesses and pneumonia clusters among children. It called for more information about "undiagnosed pneumonia - China (Beijing, Liaoning)". The standard wording of the alert echoed the first-ever notice about what would become COVID-19, sent on Dec. 30 2019: "Undiagnosed pneumonia - China (Hubei)." Both the WHO and China have faced questions over transparency during the early days of COVID. In China itself, there has been a lot of recent coverage of a rise in respiratory illnesses, including among children.

Persons: Marion Koopmans, COVID lockdowns, Brian McCloskey, Virologist Tom Peacock, Jennifer Rigby, Jo Mason, Christina Fincher Organizations: World Health Organization, WHO, COVID, International Society for Infectious, FTV News, Reuters, Imperial College London, Thomson Locations: China, Dutch, Beijing, Liaoning, Hubei, Taiwan

Climate Change Conference (COP 28) that opens on Nov. 30 in Dubai. Neither floods nor fires are new to Greece but with climate change, they are becoming a frequent disruptor to an economy dependent on tourism and farming. "We have to change our prediction methods," Skylakakis said, acknowledging the rapid pace of climate change. Mitsotakis has urged the EU to top up its solidarity fund and help countries tackle the impact of climate change. Adaptation measures worth 67 billion euros could reduce that loss to 510 billion euros, the country's leading economic think tank IOBE said in a February report.

Persons: Louisa Gouliamaki, Dimitris Kouretas, Kouretas, Theodore Skylakakis, Storm Daniel, Kostas Agorastos, Giorgos Stasinos, Kyriakos Mitsotakis, Sokratis Famellos, Skylakakis, Thanos Giannakakis, Nikos Papathanasis, Miltiadis Gkouzouris, Mitsotakis, Petros Varelidis, Lefteris Papadimas, Renee Maltezou, Michele Kambas, Daniel Flynn Organizations: Reuters, United Nations Environment Program, Mount Olympus, HVA, Chamber, European, Justice, EU, Water Management, Environment Ministry, Thomson Locations: Vlohos, Greece, Greece's, Thessaly, Europe, Dubai, Los Angeles, Dutch, Athens, Thessaly's, Mouzaki, Netherlands

☆ Tesla launched its own car insurance. These drivers say it's a lemon.
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +20 min

Tesla Insurance, launched in 2019 by the electric-car company, has promised policyholders “vastly better” service than rivals, as Tesla chief Elon Musk put it in April 2022. “What do they have, three people answering phone calls?”Complaints about Tesla Insurance are drawing scrutiny from state regulators and the plaintiffs’ bar. And there’s no way to know exactly how many have been made against Tesla Insurance and how its record compares with competitors’. That fall, Tesla launched InsureMyTesla, a new insurance offering for U.S. Tesla owners, in partnership with Liberty Mutual Insurance Co. Lester F. Aponte, a Los Angeles attorney who signed up for Tesla Insurance in August, described a maddening ordeal to obtain proof of insurance.

Persons: Mark Bova, lurched, “ I’m, ” Bova, policyholders “, Elon Musk, Musk, Bova, he’s, Tesla, ”, Musk’s, Virginia –, Phil Fioresi, Tesla’s adjusters, adjusters, ” Zachary Kirkhorn, ” Kirkhorn, Teslas, InsureMyTesla, it’s, It’s, Chanda Santiago, ” Santiago, Lester F, Aponte, haven't, Understaffed, “, —, Policyholders, Jonathan Garcia, Garcia, adjuster, Scott Sawyer, Sawyer, Lauren Lee Sawyer, ” Sawyer, –, Steve Stecklow, Koh Gui Qing, Norihiko, Mike Scarcella, John Emerson, Brian Thevenot Organizations: Green, U.S . Army Special Forces, Tesla Insurance, Tesla, Reuters, Bureau, Twitter, U.S, SpaceX, Ohio Department of Insurance, California Department of Insurance, Data, AAA, The Auto Club Group, Liberty Mutual Insurance Co, Liberty Mutual, Markel, National Insurance Company, State National, State, Facebook, Better, policyholders, Better Business Bureau Locations: Maryland, That’s, California , Utah , Illinois, Virginia, South San Francisco , California, California, Draper , Utah, Texas, policyholders, InsureMyTesla, U.S, Illinois, Colorado, Ohio, Florida , Georgia, Washington, Santiago, Los Angeles, Draper, North Carolina, Riverside , California

☆ Fact Check: Red lake in Chile falsely said to be the River Nile
▼ + stars: | 2023-11-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of a red-coloured lake in Chile has been falsely claimed online to show the River Nile, with some users suggesting it's a sign of “the end times”. “You mean to tell me on November 9, 2023, the Nile river looks like this,” said one person who added a voiceover to the clip and shared it to social media (archived). However, the video shows a lake in Chile that is famed for its red colour, not the River Nile. Reuters found no reports or corroborating visuals of the River Nile, which stretches across northeastern Africa, turning red on Nov. 9. The video show Laguna Roja in Chile, not the River Nile.

Persons: ”, microalgae, Read Organizations: Reuters, Laguna, Chile Travel, Roja, Thomson Locations: Chile, Chilean, Africa

☆ Can Argentina really move from the peso to the dollar?
▼ + stars: | 2023-11-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

2 economy and ditch its peso currency in favor of the US dollar. Milei must tackle inflation above 140%, a shortfall in foreign currency reserves and the prospect of another painful recession. Argentina’s financial markets are closed Monday for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar. Bruno Gennari, Argentina expert at fixed income broker dealer KNG Securities, said the peso was trading at $1,009 versus the dollar on crypto exchanges Monday, considerably weaker than the $869 and $975 rates seen on Friday. Dollarization means Argentina would give up the peso and use the US dollar as its currency, effectively wresting control of monetary policy from the country’s central bank and handing it to the US Federal Reserve.

Persons: London CNN — Javier Milei, Sergio Massa, Milei, ” —, —, ” Milei, ”, “, Bruno Gennari, Javier Milei, Natacha, dollarization, ” William Jackson, “ It’s, Thierry Larose, ” Larose, Kristalina Georgieva, Jackson, — Valentina Gonzalez, Stefano Pozzebon, Olesya Dmitracova Organizations: London CNN, Libertad Avanza, Peronist, “, ” Financial, Argentine, State, Banco, Grupo Financiero Galicia, KNG Securities, US Federal Reserve, AP, Capital Economics, Vontobel, Management, CNN, Monetary Fund, Bank, IMF, Reuters Locations: Argentina, New York, Brazil, Mexico, Dollarization, Argentina’s, Zurich, dollarization, Washington, DC, Argentine

☆ Fact Check: New York pro-Israel ad ‘bumping’ Ukraine message is fake
▼ + stars: | 2023-11-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video that shows pro-Israel messaging replacing a pro-Ukraine notice on a digital billboard in New York City is fabricated, according to the company managing the unit. Reuters confirmed the location of the advertising screens as 200 W 50th St, New York. Outdoor advertising company Clear Channel Outdoors, which manages the space, told Reuters the advertisement seen in the video is fake. The ad has never appeared on its screens, a spokesperson for the firm said. The digital billboard messages shown in the video never appeared on the New York City display shown, according to the company managing the promotional screen.

Persons: ISRAEL ”, Read Organizations: UKRAINE ”, ISRAEL, ABC, Facebook, Reuters, Outdoor, New, Thomson Locations: Israel, Ukraine, New York, Manhattan, UKRAINE, St , New York

☆ Pope Francis Fires Conservative U.S. Bishop
▼ + stars: | 2023-11-11 | by ( Francis X. Rocca | ) www.wsj.com time to read: 1 min

Bishop Joseph Strickland of Tyler, Texas, took part in a protest in June over the Los Angeles Dodgers honoring a pro-LGBTQ+ group at Dodger Stadium. Photo: Kirby Lee/USA TODAY Sports via Reuters ConROME— Pope Francis removed Bishop Joseph Strickland, one of the pope’s most vocal critics in the U.S. hierarchy, the Vatican said Saturday. The Vatican said that the pope had “relieved [the bishop] of the pastoral governance of the Diocese of Tyler,” Texas, and appointed Bishop Joe Vázquez of Austin as “apostolic administrator,” or acting bishop, of Tyler.

Persons: Bishop Joseph Strickland, Kirby Lee, Reuters Con ROME — Pope Francis, Bishop Joe Vázquez Organizations: Los Angeles Dodgers, Dodger, USA, Sports, Reuters Con, Vatican Locations: Tyler , Texas, U.S, Tyler, ” Texas, Austin

☆ Fact Check: Clip of Israel police apprehending girl at Damascus Gate from 2022
▼ + stars: | 2023-11-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of Israeli police violently apprehending a girl in Jerusalem in 2022 has been falsely claimed online to be filmed during the Israel-Hamas war that broke out in October 2023 and has been continuing unabated. Ramouz’s caption on the post, dated Feb. 28, 2022, reads: “Assaulting a girl and launching stun grenades at those present in Damascus Gate”. The clip was featured and referenced in local news reports on Feb. 28, 2022, about clashes at Damascus Gate in Jerusalem, where people had gathered to observe a Muslim holiday. Using satellite imagery on Google Maps, Reuters confirmed the location of the video to be Damascus Gate. Landmarks (archived) visible in the background in the video can also been seen on Google Maps.

Persons: Amud, ”, Baraah Abo Ramouz, Ramouz, Read Organizations: ” Reuters, Reuters, Google, Thomson Locations: Jerusalem, Israel, Palestinian, Damascus

☆ Chinese bank ICBC hit by ransomware attack
▼ + stars: | 2023-11-10 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on Thursday. ICBC Financial Services, which is headquartered in New York, said in a statement that the attack, which happened on Wednesday, had been reported to law enforcement. “We successfully cleared US Treasury trades executed Wednesday … and [repurchase agreements] financing trades done on Thursday,” it said in the statement. The Financial Times and Reuters quoted some market participants as saying trades going through ICBC were disrupted, which affected market liquidity. It’s unclear whether the incident contributed to the weak 30-year bond auction conducted by the US Treasury Thursday.

Persons: “, ”, Wang Wenbin, Ipek Ozkardeskaya, Joe Biden, CNN’s Wayne Chang Organizations: Hong Kong CNN, Industrial, Commercial Bank of China, ICBC Financial Services, Treasury, York Branch, State, P, China’s, Ministry, Financial Times, Reuters, US Treasury, Swissquote Bank, Dow, Nasdaq, US Treasury Department Locations: China, Hong Kong, New York, Beijing, York, ICBC, Treasuries, Japan

☆ Fact Check: Edinburgh war memorial vandalised in 2022, not 2023
▼ + stars: | 2023-11-09 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Edinburgh’s war memorial has not been vandalised in 2023, said the city’s council, despite online accounts sharing the aftermath of its vandalising in 2022 as if recent. Some accounts link the damage to pro-Palestinian demonstrations responding to the 2023 Israel-Hamas war. A war memorial in Rochdale, northern England, was defaced on Nov. 7. There were no records of reports of a 2023 incident at the site of the Edinburgh war memorial as of Nov. 9. Footage of Edinburgh’s war memorial having been set on fire are from 2022.

Persons: Scotland, Rishi Sunak, “ We’ve, ”, Read Organizations: Facebook, Pro Palestine, Britain’s, Edinburgh Council, Reuters, Scotland Police, Thomson Locations: Israel, Rochdale, England, The City, Edinburgh

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