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Do We Need a New Atlantic Charter?
  + stars: | 2021-06-17 | by ( Richard J. Evans | ) + 0.00   time to read: +3 min
The much-publicized agreement reflects Mr. Johnson’s determination to reorient British foreign policy away from Europe in the wake of Brexit. Today we do the same.” But does the new Atlantic Charter really deserve the comparison with the historic original? In fact, the Atlantic Charter of 1941 was less about remaking the world than about fighting World War II. In this sense, the Atlantic Charter was more a propaganda statement than a program for action. Even the name “Atlantic Charter” wasn’t official; it was invented by the Daily Herald, a left-wing British newspaper, to describe what was formally known as the Joint Declaration by the President and the Prime Minister.
Persons: Joe Biden, Boris Johnson, , Franklin D, Roosevelt, Winston Churchill, Biden, Trump, Johnson, , wasn’t Organizations: Charter, British, Atlantic Charter, U.S, Lease, Daily Herald Locations: England, Newfoundland, Europe, Britain, Germany, U.S
Miners drag FTSE 100 from 16-month highs; airlines soar
  + stars: | 2021-06-17 | by ( Devik Jain | ) + 0.00   time to read: +2 min
REUTERS/Suzanne Plunkett/File photoSummary Whitbread tops FTSE 100 after signs of demand pick-upTrainline surges after higher group net ticket salesFTSE 100 down 0.3%, FTSE 250 off 0.4%June 17 (Reuters) - Miners knocked London's FTSE 100 index off 16-month highs on Thursday as a hawkish turn by the U.S. Federal Reserve hit commodity prices, although Britain's plans to ease travel restrictions allowed airline shares to buck the trend. The blue-chip index (.FTSE) fell 0.3% and was on track for its biggest percentage fall in two weeks. read moreLarge dollar-earning consumer staples companies Unilever (ULVR.L), Diageo (DGE.L) and Reckitt Benckiser Group (RKT.L) fell between 0.5% and 1%. Banks (.FTNMX301010), which tend to do well in a rising rate environment, were the biggest boost to the FTSE 100. read moreTrainline (TRNT.L) climbed 5.5% after the rail operator's group net ticket sales hit the highest since the start of the pandemic.
Persons: Suzanne Plunkett, Ipek, Banks, Martens, IAG, Whitbread, WTB.L, Devik Jain, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Whitbread, FTSE, Miners, U.S . Federal Reserve, Unilever, Diageo, Swissquote Bank, Chartered, Barclays, HSBC Holdings, COVID, Wizz, British Airways, EasyJet, Ryanair Holdings, TUI AG, Thomson Locations: London, Britain, Bengaluru
The U.S. and Britain end their aircraft subsidy dispute, mirroring an E.U. The agreement mirrors one reached between the United States and European Union on Tuesday. Britain and the United States agreed to explore a coordinated approach to screen investments in the aircraft industry financed by China and other nonmarket economies. In March, the United States suspended retaliatory tariffs against Britain for four months to work out a longer-term solution to the aircraft dispute. This would support British producers in several industries, but especially Scotch whisky, which faced a 25 percent tariff in the United States.
Persons: Boris Johnson, Biden, Doug Mills, Loren Elliott,, — Heath Parkes, , , Mike Ives, Read, Willis Towers Watson, Department’s, General Merrick Garland, , Richard Powers, didn’t, Aon, Biden’s, Lina Khan, Condé Nast Organizations: U.S, Charter . Credit, New York Times, European Union, Boeing, Airbus, Commercial Aircraft Corporation of, United, Atlantic Charter, Britain, Commonwealth Bank, Virgin Australia, Hong Kong Stock Exchange, ANZ, Commonwealth, Westpac —, Residents, Westpac, National Australia Bank, The New York Times, CNN, The Financial Times, Guardian, Australia, The, Justice, Big, Regulators, , Federal Trade Commission, Southwest Airlines, midafternoon, Ars Technica, Pitchfork, New Yorker Union Locations: Britain, Cornwall, England, United States, China, Commercial Aircraft Corporation of China, British, Australia, Germany, India, Akamai, Massachusetts, Macquarie, Hupton, San Francisco, Aon, Europe, Ireland, London
Before going public earlier this year, Blade had a spokesperson named Simon McLaren who represented the helicopter ride service in dozens of publications. CEO Rob Wiesenthal later admitted that Blade created McLaren as a fake persona to interact with reporters and author the company's newsletter. His work in that time was largely what you'd expect of a company spokesperson — except for the fact that Simon McLaren doesn't actually exist. The ruse lasted for years, duped numerous journalists, and included a puzzling public drama around McLaren's purported departure from Blade. "As a small company, everyone has to wear many hats.
Persons: Blade, Simon McLaren, McLaren, Rob Wiesenthal, , Simon McLaren doesn't, Wiesenthal masqueraded, Graham Hill, Simon, Wiesenthal, Lee Gold, Gold, hadn't, Barry Diller, David Geffen, melba, Alec Baldwin's Organizations: Blade, McLaren, East Hampton, New York Times, New York, Washington Post, Fox Business, CNN, Sony, Warner Music, Nasdaq, Yorker, Company Locations: East, Miami, New York, Westchester, Covid, New
But the widely different internet experiences of North Carolina residents ilke Stanovich and Galloway reflect the broader problems facing more than 30 million Americans who live in areas where the internet infrastructure simply isn’t there. ETWhile the Biden administration’s American Jobs Plan aims to fix this with a goal of providing coverage to every household, prioritizing smaller groups like Greenlight, that doesn’t help in North Carolina. We welcome competition and are proud of our record of building, maintaining and upgrading our networks.”In the meantime, the North Carolina Telecommunication Association continued lobbying to pass the bill. Then, in 2011, both chambers of the North Carolina General Assembly were won by Republicans for the first time since Reconstruction. Marcus Trathen, counsel for the North Carolina Telecommunication Association said in an email "NCCTA supports fair competition — and that’s what North Carolina’s level playing field law is all about.
Persons: Galloway, , Lester Holt, Greenlight, , ‘ We'll, Wilson, , Marcus Trathen, ALEC, Alexis Jarrett, Mayor Sandy Roberson, Rocky Mount, Denis Tangney, Suddenlink, Roberson, Josh Stern, General Stein, Nazneen Ahmed, Lisa Anselmo, ” Anselmo, ” Roberson, “ We've, Jeff Stanovich, Jeffery Stanovich, ” Stanovich Organizations: ilke, NBC, Biden, Jobs, Time Warner Cable, City Council, North Carolina Telecommunication Association, North, North Carolina General Assembly, Charter Communications, Charter, Republicans, Telecom pushback, American Legislative Exchange Council, Comcast, Municipal Telecommunications Private Industry, Institute for Local, Rocky, Mayor, Suddenlink Communications, Altice USA, Getty, North Carolina, Altice, NBC News Locations: North Carolina, ilke Stanovich, New York City, Wilson, Salisbury , North Carolina, Washington, U.S, Rocky, N.C, Altice, French, Rocky Mount
JAKARTA (Reuters) - Indonesian e-commerce firm Bukalapak is keen to raise as much as $800 million in an IPO in August, two people with knowledge of the matter said, the first of two big tech listings in Jakarta this year that will add long-sought lustre to the local bourse. Logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia, June 16, 2021. REUTERS/Willy KurniawanA mid-year debut could see it become Indonesia’s biggest listing in 10 years and the largest ever for the country by a startup. 4 e-commerce firm, is aiming to sell 10% to 15% of the company and wants a valuation of between $4 to $5 billion, the people said. Indonesia’s e-commerce sector exceeded $40 billion worth of gross merchandise value in 2020, according to a June report by tech consultancy Momentum Works, which estimates that Bukalapak holds a 7% market share.
Persons: Bukalapak, Willy Kurniawan, GoTo, Tapping, Jianggan Li, , Li Organizations: REUTERS, Tokopedia, Microsoft, Chartered, Indonesia’s bourse, Reuters, Works, China’s, Holding Locations: JAKARTA, Indonesian, Jakarta, Indonesia, Singapore, United States
Logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia, June 16, 2021. A mid-year debut could see it become Indonesia's biggest listing in 10 years and the largest ever for the country by a startup. 4 e-commerce firm, is aiming to sell 10% to 15% of the company and wants a valuation of between $4 to $5 billion, the people said. A confidential listing prospectus has been submitted to the Indonesia stock exchange, one of the sources added. Indonesia's e-commerce sector exceeded $40 billion worth of gross merchandise value in 2020, according to a June report by tech consultancy Momentum Works, which estimates that Bukalapak holds a 7% market share.
Persons: Willy Kurniawan, Bukalapak, GoTo, Tapping, Jianggan Li, Li, Fransiska Nangoy, Gayatri Suroyo, Fanny Potkin, Sumeet Chatterjee, Edwina Gibbs Organizations: REUTERS, Tokopedia, Microsoft, Chartered, Indonesia's bourse, Reuters, Works, China's, Holding, HK, Thomson Locations: Indonesian, Jakarta, Indonesia, Willy Kurniawan JAKARTA, Singapore, United States
Live G7 Live Updates: World Leaders Face Critical Climate Questions On the final day of the meeting of the world’s wealthiest large democracies, nations are working to reach consensus on plans to limit carbon emissions. President Biden will meet with Queen Elizabeth II later on Sunday. Beyond that point, climate change is expected to have extreme and irreversible consequences. President Biden and his wife, Jill Biden, with Queen Elizabeth II in Cornwall on Friday. President Biden with Prime Minister Boris Johnson of Britain before their meeting on Thursday.
Persons: Biden, Queen Elizabeth II, Alastair Grant, , Yamide Dagnet, Peter Betts, , Mr, Betts, ” Michael D, Angela Merkel’s, Angela Merkel of Germany, Jack Hill Angela Merkel, Merkel, , Katja Iversen, Melissa Eddy, Angela Merkel, Michael Kappeler, France Ian Langsdon, Canada Yves Herman, Italy Alessandro Bianchi, Markus Schreiber, Belgium Stephen Crowley, France Peter Dejong, Jill Biden, Jack Hill President Biden, leader’s, Elizabeth, Harry S, Truman, Lyndon, Johnson, Donald J, Trump, Charles, Prince, Wales, Prince William, Duke of Cambridge, Charles’s, Camilla, Duchess of Cornwall, Kate, Duchess, . Biden, “ They’re, Aaron Chown, Prince Philip, Boris Johnson of, Doug Mills, Boris Johnson, Winston Churchill, Franklin D, Roosevelt, ” Mr, ” David E, Sanger Organizations: Associated, Eden, Organization for Economic Cooperation, Development, World Resources Institute, United, Chatham House, European Union, ., Women Political, Federal Government, Associated Press, Reuters, New York Times, Windsor Castle, NATO, British, Mr, Cambridge Tour, Credit, Atlantic Charter, United States Locations: Gyllngvase, Cornwall, England, United Nations, Scotland, United States, Paris, Australia, Canada, Japan, Washington, London, Britain, China, Europe, Germany, Russia, Malbaie, Quebec, Biarritz, France, Taormina, Italy, Brussels, Belgium, Windsor, Carbis Bay, Cambridge, America, United, United Kingdom,
Do not expect President Biden to call attention to the fact that his meeting with Russian President Vladimir Putin on Wednesday in Geneva coincides with the 60th anniversary of President John F. Kennedy's disastrous Vienna Summit with Kremlin leader Nikita Khrushchev in June 1961. Wrote McFaul, "Putin has invested heavily in nuclear modernization, while the United States has not. At the same time, Russian-backed cyber and influence operations on the United States and other Western democracies have escalated. White House officials have gone to lengths to limit the time Biden and Putin will meet, and he will not engage Putin in a joint press conference afterward. Frederick Kempe is a best-selling author, prize-winning journalist and president & CEO of the Atlantic Council, one of the United States' most influential think tanks on global affairs.
Persons: John F, Kennedy, Nikita Khrushchev, Biden, Vladimir Putin, Khrushchev, acquiescing, James, Scotty, Reston, Putin, Michael McFaul, Obama, Bashar al, Assad, Boris Johnson, Garry Kasparov, appeasing, Frederick Kempe Organizations: United States, U.S, Embassy, Wednesday, Cuban Missile, New York Times, Reston's New York Times, Warsaw, Foreign Affairs, NATO, British, Charter, European Union, Street, Atlantic Council, Wall Street, Twitter Locations: Soviet Union, Vienna, Austria, Geneva, Europe, Berlin, Cuban, East, West Berlin, United States, Soviet, Moscow, U.S, Reston's, China, Russia, Syria, Ukrainian, Russian
Live G7 Live Updates: Leaders Poised to Sign Declaration on Global Health The annual Group of 7 leaders summit is underway in Cornwall, England, with the pandemic, climate change, China and Russia on the agenda. The G7 leaders get down to business, taking on climate change and the pandemic. And the biggest obstacle come from the United States. Advertisement Continue reading the main storyWhat is the G7 summit, and why does it matter? Last year’s summit was canceled because of the pandemic, making this gathering the first in-person G7 Leaders’ Summit in almost two years.
Persons: Biden, Queen Elizabeth II, Jack Hill, coronavirus, Biden relishes, aren’t, Donald J, Trump, Ursula von der Leyen, Charles Michel, António Guterres, Narendra Modi, Melinda French Gates, Patrick Vallance, Henry Nicholls, Erin Schaff, West Germany —, , Vladimir V, Johnson, Boris Johnson of, Doug Mills, Boris Johnson, Winston Churchill, Franklin D, Roosevelt, ” Mr, ” David E, Sanger Organizations: Global, European Union, United Nations, Gates Foundation, Group, Credit, Facebook, Google, . Tax, The New York Times, United, Britain, , Atlantic Charter, ., New York Times, NATO, United States Locations: Cornwall, England, China, Russia, Paris, United States, Germany, Japan, France, Italy, Canada, Britain, India, South Korea, South Africa, Australia, British, Ireland, Biarritz, West Germany, Crimea, America, United, United Kingdom,
Pershing Square served as cosponsor of Justice Holdings, with Nicolas Berggruen and Martin Franklin. Pershing Square remains the second-largest investor in Restaurant Brands International. Pershing Square has had its best success when it has invested in high quality businesses with simple, predictable, cash flow and durable and growing business lines. One transferable five-year right per share of Pershing Square SPARC Holdings, Ltd. ("SPARC"), which is expected to trade on the New York Stock Exchange. Pershing Square Tontine Holdings is owned in the fund.
Persons: Nicolas Berggruen, Martin Franklin, Tim Hortons, PSTH, Bill Ackman, Ken Squire Organizations: Pershing, Justice Holdings, Martin Franklin . Justice Holdings, 3G Capital, Burger King Worldwide Holdings Inc, Restaurant, Restaurant Brands, Warner Brothers, Spotify, Charter Communications, Disney, Amsterdam, Securities and Exchange Commission, Pershing Square SPARC Holdings, Ltd, New York Stock Exchange, SPARC, Bloomberg, 13D, Tontine Locations: UMG, effectuate, PSTH
But they're not enough, diplomats and foreign policy experts say. Both Biden and his top diplomat, Secretary of State Antony Blinken, have repeatedly said U.S. foreign policy first and foremost should benefit America's middle class. A LESS DEMOCRATIC AMERICA? A major underlying concern for many foreign allies is a fundamental one, many experts say - their faith in American democracy is shaken. Biden's Democratic Party operates on a razor-thin majority in the U.S. Congress, making it difficult to pass legislation and reset international goals.
Persons: Joe Biden, Boris Johnson, Toby Melville, Washington’s, Donald Trump, Joe Biden's, they're, Biden, Trump, David O'Sullivan, Harry Broadman, Antony Blinken, Jamie Shea, Janet Yellen's Organizations: Britain's, Atlantic Charter, REUTERS, Democratic, Western, NATO, European, Trump, European Union, Biden, U.S, Berkeley Research, World Trade Organization, U.S . Capitol, Reuters, Democratic Party, U.S . Congress, Republican, Treasury, Top Senate Republicans, Pew Research Center, Thomson Locations: Carbis Bay, Cornwall, Britain, United States, European Union, European, Washington, China, U.S, Afghanistan, America, Europe, Brussels
European stocks are more attractive than Asian equities now: CIO
  + stars: | 2021-06-11 | by ( ) sentiment -0.88   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEuropean stocks are more attractive than Asian equities now: CIOSteve Brice from Standard Chartered Wealth is not concerned about inflation and explains why he prefers European stocks over Asian equities as a value play.
Persons: Steve Brice Organizations: Standard Chartered Wealth
PRECIOUS-Gold edges higher after U.S. inflation data
  + stars: | 2021-06-10 | by ( Nakul Iyer | ) sentiment -1.00   time to read: +2 min
Spot gold rose 0.3% to $1,893.75 per ounce by 1:43 p.m EDT (1743 GMT), having earlier hit its lowest level since June 4 at $1,869.46. Data showed U.S. consumer prices increased further in May as continued economic recovery from the pandemic boosted domestic demand. Some pricing pressures remain for gold, but ultimately the belief that “runaway” inflation, which could trigger a Fed policy tightening, is unlikely should keep gold supported, Moya said. Investors also took stock of the European Central Bank pledge to maintain a steady flow of stimulus over the summer, at its policy meeting. “We expect gold prices to move higher in coming weeks, and inflation expectations will remain a focal point,” said Suki Cooper, an analyst at Standard Chartered, adding that recent growth in investor appetite has more than offset weak physical gold demand, particularly from India and China.
Persons: , Edward Moya, Moya, , Suki Cooper, Jeffrey Christian, Nakul Iyer, Marguerita Choy, Steve Orlofsky Organizations: U.S, U.S . Federal, OANDA, Investors, European Central Bank, Standard Chartered, CPM Locations: India, China, Bengaluru
As part of the agreement, Biden and Johnson will also work to reopen travel between the U.S. and U.K. as soon as possible. U.S. national security adviser Jake Sullivan confirmed the updated Atlantic Charter agreement aboard Air Force One while en route to the U.K. Wednesday for Biden's first trip abroad as president. “There'll be a refresher of the Atlantic Charter, which is now 80 years old,” Sullivan told reporters. And while the Atlantic Charter represents the latest chapter in the "special relationship" between Washington and London, the British government said this week that Johnson doesn't like that term. An aide told The Atlantic in a profile about Johnson that the prime minister thought the phrase appeared needy.
Persons: Joe Biden, Boris Johnson, Biden, Johnson, Jake Sullivan, Biden's, , ” Sullivan, Franklin D, Roosevelt, Winston Churchill, ” Biden, Brexit, , Irish Republic —, Sullivan Organizations: WASHINGTON, British, Charter, Downing, U.S, Air Force, Atlantic Charter, UN, NATO, European Union, Irish Republic Locations: United Kingdom, Carbis Bay, Cornwall, England, Northern Ireland, United States, Washington, London
But how are investors picking their bets? The reopening hopes, alongside the summer weather, have also boosted hard-hit hospitality sector shares such as pub groups Mitchells and Butler and Wetherspoons. ‘STARTING TO BOOM’More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of “green” countries tourists can visit, hitting shares in airlines EasyJet and British Airways operator IAG.
Persons: Henry Nicholls, , , Kasper Elmgreen, Jefferies, Travis Perkins, ” Jefferies, Butler, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: REUTERS, UK Cinema Association, SUN Investment, Kingfisher, Liontrust’s, Milburn, Jefferies, JET, British Airways, Charter Company Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
But how are investors picking their bets? 'STARTING TO BOOM'More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of "green" countries tourists can visit, hitting shares in airlines EasyJet (EZJ.L) and British Airways operator IAG (ICAG.L). Based on the strength of recent interest, Keeble predicts that leisure travel will return to pre-pandemic levels by mid-2022.
Persons: Toby Melville, Kasper Elmgreen, Jefferies, Travis Perkins, " Jefferies, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: South Bank, REUTERS, UK Cinema Association, SUN Investment, Liontrust's, Milburn, JET, British Airways, Charter Company, Thomson Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
Mr. Biden and Mr. Johnson are expected to announce what is being billed as a renewal of the Atlantic Charter — the declaration of post-war cooperation that Prime Minister Winston Churchill and President Franklin D. Roosevelt laid out in 1941 during World War II. Mr. Biden opposed Britain’s drive leave the European Union, a push that Mr. Johnson helped lead. Mr. Biden and Mr. Johnson will meet on Thursday afternoon at Carbis Bay in Cornwall, before Friday’s meeting of Group of 7 leading industrial nations. Mildenhall, he called his weeklong diplomatic overture “essential,” saying that no nation acting alone could meet the world’s challenges. Mr. Biden also cast his trip in broader terms as an effort to rally the United States and its allies in an existential struggle between democracy and autocracy.
Persons: Biden, Boris Johnson, , , Jill Biden, Doug Mills, Donald J, Trump, Mr, Johnson, Winston Churchill, Franklin D, Roosevelt, Britain’s, , Jake Sullivan, Queen Elizabeth II, Vladimir V, Putin, ” Mr Organizations: Cornwall Airport Newquay, ., New York Times, United, Atlantic, European Union, White House, Air Force, NATO, Mr Locations: Britain, United States, Northern Ireland, United Kingdom, Carbis, Cornwall, Russia, Europe, R.A.F, Mildenhall, China
First lady Jill Biden on Thursday in England wore a black jacket with "LOVE" embossed on the back. She said the jacket symbolizes love and international unity ahead of the G7 summit. First Lady Jill Biden wore a black Zadig & Voltaire jacket with "LOVE" embossed on the back in Cornwall, England, while meeting with the UK's prime minister on Thursday. Biden and Johnson held a bilateral meeting earlier on Thursday, where Biden joked that they had both "married up." The first lady wore the black jacket over a black and white polka dot dress by designer Brandon Maxwell (according to CNN's Kate Bennett) while Johnson donned a bright red dress with matching heels.
Persons: Jill Biden, Melania Trump's, Lady Jill Biden, Voltaire, Boris Johnson, Carrie, Biden, Johnson, Brandon Maxwell, Kate Bennett, Bloomberg's Jennifer Jacobs, Biden's, Melania Trump, Stephanie Winston Wolkoff, Wolkoff Organizations: British, Charter, CNN Locations: England, Cornwall, Carbis Bay, America, Mexico
By Kimberly Ellison-Taylor, CEO of KET SolutionsWe are all emerging from this year of chaos changed, but the next generation of finance professionals may experience a bigger change than most. Communication and leadership skills will become critical as finance professionals partner with internal stakeholders across the organization to navigate risk and eliminate inefficiencies. That preference is even stronger among Gen Z employees. More than half of younger employees say that they lose sleep at night thinking about their company's budget. As these employees get their wish and AI plays a bigger role in finance, young finance professionals will see their roles change.
Persons: Kimberly Ellison, Taylor, Z, That's Organizations: Communication, Association of International Certified Professional Accountants, Chartered Institute of Management Accountants, CIMA, Oracle, Insider Studios
With a nod to Black Lives Matter, UK's Johnson gives Biden mural photo
  + stars: | 2021-06-10 | by ( ) + 0.98   time to read: +2 min
Biden reciprocated by presenting Johnson, a keen cyclist, with a U.S.-made bicycle and helmet and giving a silk scarf and leather bag made by military wives for his wife Carrie. Johnson's gift, presented during a G7 summit which marks Biden's first official overseas engagement and a chance to reaffirm trans-Atlantic ties, is a nod to the Black Lives Matter movement that has pushed race relations to the fore in both countries. Douglass escaped slavery in the United States, going on to become an abolitionist leader who toured Britain and Ireland, with which Biden has ancestral ties. The black and white mural portrait of Douglass was photographed by dual British-U.S. national Melissa Highton. Our Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Boris Johnson, Kevin Lamarque, Frederick Douglass, Biden, Johnson, Carrie, Johnson's, Douglass, Ross Blair, Melissa Highton, Jill Biden, Daphne du Maurier Organizations: Britain's, Atlantic Charter, REUTERS, U.S, British, Thomson Locations: Carbis Bay, Cornwall, Britain, U.S, United States, Ireland, Edinburgh, Melissa Highton ., England
“It was a statement of first principles, a promise that the United Kingdom and the United States would meet the challenges of their age and that we’d meet it together,” Mr. Biden declared after his private meeting with Mr. Johnson. “Today, we build on that commitment, with a revitalized Atlantic Charter, updated to reaffirm that promise while speaking directly to the key challenges of this century.”Meeting in a seaside resort on the Cornwall coast of England, with Royal Navy ships patrolling to protect the in-person meeting of the Group of 7 industrial nation leaders, the two men clearly sought to cast themselves in the Churchill and F.D.R. As they looked over a small exhibit of the original Atlantic Charter, agreed on aboard a ship off Newfoundland in August, 1941, less than four months before the Pearl Harbor attack, Mr. Johnson noted that “this was the beginning of the alliance, and of NATO.”But Mr. Biden’s aides said they thought the Charter had grown musty and did not reflect a world of different challenges — from cyberspace to China — in which Britain is a much-diminished power. Where the original charter contemplated the “final destruction of the Nazi tyranny” and called for freedom to “traverse the high seas and oceans without hindrance,” the new version focused on the “climate crisis” and the need to “protect biodiversity.” It is sprinkled with references to “emerging technologies,” “cyberspace” and “sustainable global development.”
Persons: ” Mr, Biden, Johnson, Churchill, Biden’s, Organizations: Atlantic Charter, Royal Navy, Charter, NATO Locations: United Kingdom, United, , Cornwall, England, Newfoundland, China, Britain
Kuwait's Ahli United Bank sells $600 million Islamic bond
  + stars: | 2021-06-09 | by ( Reuters Staff | ) sentiment -0.99   time to read: 1 min
DUBAI (Reuters) -Kuwait’s Ahli United Bank has sold $600 million in Additional Tier 1 Islamic bonds at 3.875%, a document showed on Wednesday. Pricing on the bond tightened from an initial price guidance of around 4.375% after the debt sale attracted more than $1.7 billion in orders, the document from one of banks on the deal showed. Additional Tier 1 (AT1) bonds are designed to be perpetual in nature, but issuers can redeem or “call” them after a specified period. Ahli United Bank’s AT1 sukuk will be non-callable for 5-1/2 years. Kuwait’s Ahli United, nearly three-quarters owned by Bahrain’s Ahli United Bank, hired Citi, HSBC, Standard Chartered, Abu Dhabi Islamic Bank, Kamco Invest, KFH Capital and Kuwait International Bank to arrange the deal.
Persons: AT1 Organizations: Reuters, Ahli United Bank, Ahli United, Bahrain’s Ahli United Bank, Citi, HSBC, Standard Chartered, Abu Dhabi Islamic Bank, Kamco Invest, KFH, Kuwait International Bank Locations: DUBAI, Ahli, Abu Dhabi, KFH Capital
The statistics bureau said that soaring crude-oil, iron-ore and metals prices boosted factory-gate prices last month, and drove China’s imports to the fastest increase in over a decade. “Industrial inflation pressure will likely remain and pose additional risks to economic growth,” Citigroup economists said in a note, adding that there is no quick fix to this round of commodity-led inflation. To rein in prices, Chinese authorities have been zeroing in on the speculative behavior in the futures market that helped fuel the rally in steel and iron-ore prices. China’s consumer inflation has so far remained tame, according to official data released Wednesday. The gap between China’s consumer and producer inflation could complicate policy-making, with the muted consumer inflation possibly constraining the central bank’s ability to tighten monetary policy.
Persons: China’s, — haven’t, , Li Wei, Goldman Sachs, pare, , Emily Cheng, ” Ms, Cheng, Li, Grace Zhu, Bingyan Wang, Stella Yifan Xie Organizations: National Bureau of Statistics, Wall Street Journal, Citigroup, ANZ, Standard Chartered, PPI, Factories, Shenzhen Vanzone Technology, Covid Locations: HONG KONG, Beijing, China, India, Tangshan, Shenzhen, U.S, Europe
FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File PhotoDUBAI (Reuters) -Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale. Initial price guidance was around 105 basis points (bps) over U.S. Treasuries (UST) for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds. Aramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia’s plans to transform the economy. Aramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.
Persons: Maxim Organizations: Saudi, REUTERS, DUBAI, Reuters, ., Treasuries, UST, Aramco, Monday, HSBC, JPMorgan, NCB Capital, Standard Chartered Bank, BOC International, Dubai Islamic Bank Locations: Saudi Aramco, Abqaiq, Saudi Arabia, Saudi, Aramco
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